# EDGAR Filing Document

**Accession Number:** 0001870117
**File Stem:** 0001410368-25-029996
**Filing Date:** 2025-11
**Character Count:** 547497
**Document Hash:** b9c27a89127e0337c3eb9b362146999d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-029996.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001410368-25-029996

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Capital Group Fixed Income ETF Trust
- **CENTRAL INDEX KEY:** 0001870117

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23738
- **FILM NUMBER:** 251513775

**BUSINESS ADDRESS:**
- **STREET 1:** 6455 IRVINE CENTER DRIVE
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618
- **BUSINESS PHONE:** (213) 486-9200

**MAIL ADDRESS:**
- **STREET 1:** 333 SOUTH HOPE STREET, 55TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Capital Group Core Plus Income ETF
- **DATE OF NAME CHANGE:** 20210629

## Series and Classes Contracts Data

### Capital Group Short Duration Income ETF (Series ID: S000077687)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000238175 | Share Class  | CGSD            |

## Nport-Ex

![](imgea8cf6231.jpg)

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

**Capital Group Short Duration Income ETF** 

Investment portfolio

September 30, 2025

**unaudited**

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

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments 95.44%<br> **Corporate bonds, notes & loans 38.81%**<br> **Financials 17.27%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Aero Capital Solutions, Inc., Term Loan, (1-month USD CME Term SOFR + 3.00%) 7.61% 11/17/2029 <sup>(a)(b)(c)(d)</sup>  | USD1,786 | $1772 |
| American Express Co. 4.90% 2/13/2026  | 279 | 280 |
| American Express Co. 6.338% 10/30/2026 (USD-SOFR + 1.33% on 10/30/2025) <sup>(e)</sup>  | 2587 | 2591 |
| American Express Co. 5.043% 7/26/2028 (USD-SOFR + 0.93% on 7/26/2027) <sup>(e)</sup>  | 1815 | 1846 |
| American Express Co. 5.532% 4/25/2030 (USD-SOFR + 1.09% on 4/25/2029) <sup>(e)</sup>  | 335 | 350 |
| American Express Co. 5.085% 1/30/2031 (USD-SOFR + 1.02% on 1/30/2030) <sup>(e)</sup>  | 800 | 825 |
| American Express Co. 5.016% 4/25/2031 (USD-SOFR + 1.44% on 4/25/2030) <sup>(e)</sup>  | 1000 | 1029 |
| American International Group, Inc. 4.85% 5/7/2030  | 2200 | 2252 |
| Aon Global, Ltd. 3.875% 12/15/2025  | 1353 | 1351 |
| Aon North America, Inc. 5.125% 3/1/2027  | 5085 | 5158 |
| Aon North America, Inc. 5.15% 3/1/2029  | 1660 | 1709 |
| Arthur J. Gallagher & Co. 4.60% 12/15/2027  | 4840 | 4890 |
| Arthur J. Gallagher & Co. 4.85% 12/15/2029  | 1400 | 1430 |
| Bank of America Corp. 1.197% 10/24/2026 (USD-SOFR + 1.01% on 10/24/2025) <sup>(e)</sup>  | 278 | 277 |
| Bank of America Corp. 5.08% 1/20/2027 (USD-SOFR + 1.29% on 1/20/2026) <sup>(e)</sup>  | 200 | 200 |
| Bank of America Corp. 4.948% 7/22/2028 (USD-SOFR + 2.04% on 7/22/2027) <sup>(e)</sup>  | 8734 | 8861 |
| Bank of America Corp. 4.979% 1/24/2029 (USD-SOFR + 0.83% on 1/24/2028) <sup>(e)</sup>  | 2050 | 2088 |
| Bank of America Corp. 5.202% 4/25/2029 (USD-SOFR + 1.63% on 4/25/2028) <sup>(e)</sup>  | 1572 | 1612 |
| Bank of America Corp. 2.884% 10/22/2030 (3-month USD CME Term SOFR + 1.19% on 10/22/2029) <sup>(e)</sup>  | 222 | 211 |
| Bank of America Corp. 5.162% 1/24/2031 (USD-SOFR + 1.00% on 1/24/2030) <sup>(e)</sup>  | 3385 | 3495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank of America Corp., Series MTN, 3.824% 1/20/2028 (3-month USD CME Term SOFR + 1.837% on <br>1/20/2027) <sup>(e)</sup>  | 150 | 149 |
| Bank of Montreal 5.004% 1/27/2029 (USD-SOFR Index + 0.67% on 1/27/2028) <sup>(e)</sup>  | 3600 | 3672 |
| Bank of New York Mellon Corp. 4.975% 3/14/2030 (USD-SOFR + 1.085% on 3/14/2029) <sup>(e)</sup>  | 178 | 183 |
| Bank of New York Mellon Corp. 4.942% 2/11/2031 (USD-SOFR + 0.887% on 2/11/2030) <sup>(e)</sup>  | 1500 | 1541 |
| Bank of Nova Scotia (The) 4.043% 9/15/2028 (USD-SOFR + 0.76% on 9/15/2027) <sup>(e)</sup>  | 2300 | 2296 |
| BNP Paribas SA 5.497% 5/20/2030 (USD-SOFR + 1.59% on 5/20/2029) <sup>(c)(e)</sup>  | 300 | 310 |
| BPCE SA 6.612% 10/19/2027 (USD-SOFR + 1.98% on 10/19/2026) <sup>(c)(e)</sup>  | 7059 | 7220 |
| BPCE SA 5.876% 1/14/2031 (USD-SOFR + 1.68% on 1/14/2030) <sup>(c)(e)</sup>  | 1604 | 1676 |
| BPCE SA 5.389% 5/28/2031 (USD-SOFR + 1.581% on 5/28/2030) <sup>(c)(e)</sup>  | 1038 | 1065 |
| Brown & Brown, Inc. 4.60% 12/23/2026  | 3100 | 3117 |
| Brown & Brown, Inc. 4.70% 6/23/2028  | 4650 | 4697 |
| Brown & Brown, Inc. 4.90% 6/23/2030  | 2100 | 2130 |
| CaixaBank SA 6.684% 9/13/2027 (USD-SOFR + 2.08% on 9/13/2026) <sup>(c)(e)</sup>  | 5564 | 5686 |
| CaixaBank SA 6.208% 1/18/2029 (USD-SOFR + 2.70% on 1/18/2028) <sup>(c)(e)</sup>  | 125 | 130 |
| CaixaBank SA 4.634% 7/3/2029 (USD-SOFR + 1.14% on 7/3/2028) <sup>(c)(e)</sup>  | 2950 | 2971 |
| CaixaBank SA 5.673% 3/15/2030 (USD-SOFR + 1.78% on 3/15/2029) <sup>(c)(e)</sup>  | 290 | 301 |
| CaixaBank SA 4.885% 7/3/2031 (USD-SOFR + 1.36% on 7/3/2030) <sup>(c)(e)</sup>  | 1799 | 1818 |
| Canadian Imperial Bank of Commerce 4.508% 9/11/2027 (USD-SOFR + 0.93% on 9/11/2026) <sup>(e)</sup>  | 5945 | 5964 |
| Canadian Imperial Bank of Commerce 4.857% 3/30/2029 (USD-SOFR + 1.03% on 3/31/2028) <sup>(e)</sup>  | 3175 | 3225 |
| Canadian Imperial Bank of Commerce 5.245% 1/13/2031 (USD-SOFR + 1.105% on 1/13/2030) <sup>(e)</sup>  | 1125 | 1162 |
| Capital One Financial Corp. 5.70% 2/1/2030 (USD-SOFR + 1.905% on 2/1/2029) <sup>(e)</sup>  | 213 | 221 |
| Charles Schwab Corp. (The) 5.875% 8/24/2026  | 400 | 406 |
| Charles Schwab Corp. (The) 5.643% 5/19/2029 (USD-SOFR + 2.21% on 5/19/2028) <sup>(e)</sup>  | 115 | 119 |
| Citibank, NA 5.438% 4/30/2026  | 3500 | 3524 |

---

Capital Group Short Duration Income ETF — Page 1 of 25

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Financials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Citibank, NA 4.929% 8/6/2026  | USD1,510 | $1522 |
| Citibank, NA 4.576% 5/29/2027  | 4400 | 4441 |
| Citibank, NA 4.838% 8/6/2029  | 780 | 799 |
| Citibank, NA 4.914% 5/29/2030  | 903 | 928 |
| Citigroup, Inc. 1.122% 1/28/2027 (USD-SOFR + 0.765% on 1/28/2026) <sup>(e)</sup>  | 500 | 495 |
| Citigroup, Inc. 3.887% 1/10/2028 (3-month USD CME Term SOFR + 1.825% on 1/10/2027) <sup>(e)</sup>  | 200 | 199 |
| Citigroup, Inc. 4.786% 3/4/2029 (USD-SOFR + 0.87% on 3/4/2028) <sup>(e)</sup>  | 4000 | 4052 |
| Citigroup, Inc. 5.174% 2/13/2030 (USD-SOFR + 1.364% on 2/13/2029) <sup>(e)</sup>  | 550 | 564 |
| Citigroup, Inc. 4.952% 5/7/2031 (USD-SOFR + 1.463% on 5/7/2030) <sup>(e)</sup>  | 3138 | 3199 |
| Citigroup, Inc. 4.503% 9/11/2031 (USD-SOFR + 1.171% on 9/11/2030) <sup>(e)</sup>  | 1275 | 1276 |
| Citizens Financial Group, Inc. 5.841% 1/23/2030 (USD-SOFR + 2.01% on 1/23/2029) <sup>(e)</sup>  | 379 | 395 |
| Deutsche Bank AG 2.552% 1/7/2028 (USD-SOFR + 1.318% on 1/7/2027) <sup>(e)</sup>  | 6260 | 6124 |
| Deutsche Bank AG 5.706% 2/8/2028 (USD-SOFR + 1.594% on 2/8/2027) <sup>(e)</sup>  | 150 | 153 |
| Deutsche Bank AG 4.999% 9/11/2030 (USD-SOFR + 1.70% on 9/11/2029) <sup>(e)</sup>  | 475 | 482 |
| Deutsche Bank AG 5.297% 5/9/2031 (USD-SOFR + 1.72% on 5/9/2030) <sup>(e)</sup>  | 1250 | 1281 |
| Deutsche Bank AG 3.547% 9/18/2031 (USD-SOFR + 3.043% on 9/18/2030) <sup>(e)</sup>  | 225 | 213 |
| Fifth Third Bancorp 4.895% 9/6/2030 (USD-SOFR + 1.486% on 9/6/2029) <sup>(e)</sup>  | 184 | 187 |
| Fifth Third Bank, National Association 4.967% 1/28/2028 (USD-SOFR + 0.81% on 1/28/2027) <sup>(e)</sup>  | 6332 | 6397 |
| Goldman Sachs Group, Inc. 1.542% 9/10/2027 (USD-SOFR + 0.818% on 9/10/2026) <sup>(e)</sup>  | 290 | 283 |
| Goldman Sachs Group, Inc. 2.64% 2/24/2028 (USD-SOFR + 1.114% on 2/24/2027) <sup>(e)</sup>  | 295 | 289 |
| Goldman Sachs Group, Inc. 5.727% 4/25/2030 (USD-SOFR + 1.265% on 4/25/2029) <sup>(e)</sup>  | 4069 | 4258 |
| Goldman Sachs Group, Inc. 4.692% 10/23/2030 (USD-SOFR + 1.135% on 10/23/2029) <sup>(e)</sup>  | 2694 | 2729 |
| Goldman Sachs Group, Inc. 5.207% 1/28/2031 (USD-SOFR + 1.078% on 1/28/2030) <sup>(e)</sup>  | 1595 | 1647 |
| Goldman Sachs Group, Inc. 5.218% 4/23/2031 (USD-SOFR + 1.58% on 4/23/2030) <sup>(e)</sup>  | 2300 | 2379 |
| HSBC Holdings PLC 5.597% 5/17/2028 (USD-SOFR + 1.06% on 5/17/2027) <sup>(e)</sup>  | 350 | 357 |
| HSBC Holdings PLC 5.13% 3/3/2031 (USD-SOFR + 1.29% on 3/3/2030) <sup>(e)</sup>  | 1400 | 1434 |
| JPMorgan Chase & Co. 1.04% 2/4/2027 (USD-SOFR + 0.695% on 2/4/2026) <sup>(e)</sup>  | 197 | 195 |
| JPMorgan Chase & Co. 5.04% 1/23/2028 (USD-SOFR + 1.19% on 1/23/2027) <sup>(e)</sup>  | 8663 | 8763 |
| JPMorgan Chase & Co. 5.571% 4/22/2028 (USD-SOFR + 0.93% on 4/22/2027) <sup>(e)</sup>  | 2705 | 2765 |
| JPMorgan Chase & Co. 4.323% 4/26/2028 (USD-SOFR + 1.56% on 4/26/2027) <sup>(e)</sup>  | 216 | 217 |
| JPMorgan Chase & Co. 5.299% 7/24/2029 (USD-SOFR + 1.45% on 7/24/2028) <sup>(e)</sup>  | 2100 | 2164 |
| JPMorgan Chase & Co. 5.581% 4/22/2030 (USD-SOFR + 1.16% on 4/22/2029) <sup>(e)</sup>  | 1145 | 1196 |
| JPMorgan Chase & Co. 4.995% 7/22/2030 (USD-SOFR + 1.125% on 7/22/2029) <sup>(e)</sup>  | 2193 | 2250 |
| JPMorgan Chase & Co. 4.603% 10/22/2030 (USD-SOFR + 1.04% on 10/22/2029) <sup>(e)</sup>  | 5180 | 5242 |
| JPMorgan Chase & Co. 5.103% 4/22/2031 (USD-SOFR + 1.435% on 4/22/2030) <sup>(e)</sup>  | 2689 | 2779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC 5.985% 8/7/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.48% on <br> 8/7/2026) <sup>(e)</sup>  | 4565 | 4631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC 5.462% 1/5/2028 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.375% on <br> 1/5/2027) <sup>(e)</sup>  | 3335 | 3386 |
| Marsh & McLennan Cos., Inc. 4.55% 11/8/2027  | 2650 | 2681 |
| Marsh & McLennan Cos., Inc. 4.65% 3/15/2030  | 1355 | 1378 |
| Metropolitan Life Global Funding I 3.45% 12/18/2026 <sup>(c)</sup>  | 3985 | 3961 |
| Morgan Stanley 5.05% 1/28/2027 (USD-SOFR + 1.295% on 1/28/2026) <sup>(e)</sup>  | 270 | 271 |
| Morgan Stanley 5.652% 4/13/2028 (USD-SOFR + 1.01% on 4/13/2027) <sup>(e)</sup>  | 8031 | 8213 |
| Morgan Stanley 4.21% 4/20/2028 (USD-SOFR + 1.61% on 4/20/2027) <sup>(e)</sup>  | 125 | 125 |
| Morgan Stanley 6.296% 10/18/2028 (USD-SOFR + 2.44% on 10/18/2027) <sup>(e)</sup>  | 108 | 113 |
| Morgan Stanley 5.449% 7/20/2029 (USD-SOFR + 1.63% on 7/20/2028) <sup>(e)</sup>  | 1370 | 1416 |
| Morgan Stanley 5.173% 1/16/2030 (USD-SOFR + 1.45% on 1/16/2029) <sup>(e)</sup>  | 575 | 591 |
| Morgan Stanley 5.656% 4/18/2030 (USD-SOFR + 1.26% on 4/18/2029) <sup>(e)</sup>  | 2157 | 2253 |
| Morgan Stanley 5.042% 7/19/2030 (USD-SOFR + 1.215% on 7/19/2029) <sup>(e)</sup>  | 2060 | 2112 |
| Morgan Stanley 5.23% 1/15/2031 (USD-SOFR + 1.108% on 1/15/2030) <sup>(e)</sup>  | 1738 | 1794 |
| Morgan Stanley 5.192% 4/17/2031 (USD-SOFR + 1.51% on 4/17/2030) <sup>(e)</sup>  | 2050 | 2118 |
| National Australia Bank, Ltd. 5.087% 6/11/2027  | 2300 | 2346 |
| National Australia Bank, Ltd. 4.50% 10/26/2027  | 1050 | 1062 |

---

Capital Group Short Duration Income ETF — Page 2 of 25

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Financials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NatWest Group PLC 1.642% 6/14/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.90% on <br> 6/14/2026) <sup>(e)</sup>  | USD225 | $221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NatWest Group PLC 5.583% 3/1/2028 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.10% on <br> 3/1/2027) <sup>(e)</sup>  | 5040 | 5136 |
| New York Life Global Funding 4.60% 12/5/2029 <sup>(c)</sup>  | 964 | 980 |
| PNC Bank, NA 4.543% 5/13/2027 (USD-SOFR + 0.63% on 5/13/2026) <sup>(e)</sup>  | 1720 | 1723 |
| PNC Financial Services Group, Inc. 4.758% 1/26/2027 (USD-SOFR + 1.085% on 1/26/2026) <sup>(e)</sup>  | 5010 | 5016 |
| PNC Financial Services Group, Inc. 6.615% 10/20/2027 (USD-SOFR + 1.73% on 10/20/2026) <sup>(e)</sup>  | 6355 | 6511 |
| PNC Financial Services Group, Inc. 5.582% 6/12/2029 (USD-SOFR + 1.841% on 6/12/2028) <sup>(e)</sup>  | 108 | 112 |
| PNC Financial Services Group, Inc. 5.222% 1/29/2031 (USD-SOFR + 1.072% on 1/29/2030) <sup>(e)</sup>  | 394 | 407 |
| Royal Bank of Canada 4.875% 1/12/2026  | 1580 | 1583 |
| Royal Bank of Canada 4.65% 10/18/2030 (USD-SOFR + 1.08% on 10/18/2029) <sup>(e)</sup>  | 1700 | 1720 |
| Royal Bank of Canada 5.153% 2/4/2031 (USD-SOFR + 1.03% on 2/4/2030) <sup>(e)</sup>  | 1510 | 1556 |
| Royal Bank of Canada 4.97% 5/2/2031 (USD-SOFR Index + 1.13% on 5/2/2030) <sup>(e)</sup>  | 1350 | 1383 |
| State Street Corp. 4.834% 4/24/2030  | 1150 | 1181 |
| Sumitomo Mitsui Financial Group, Inc. 5.80% 7/13/2028  | 1464 | 1531 |
| Toronto-Dominion Bank (The) 4.568% 12/17/2026  | 4520 | 4546 |
| Toronto-Dominion Bank (The) 4.861% 1/31/2028  | 2150 | 2188 |
| Toronto-Dominion Bank (The) 5.523% 7/17/2028  | 180 | 187 |
| Toronto-Dominion Bank (The) 4.783% 12/17/2029  | 458 | 468 |
| Truist Bank 4.671% 5/20/2027 (USD-SOFR + 0.59% on 5/20/2026) <sup>(e)</sup>  | 450 | 451 |
| Truist Financial Corp. 6.047% 6/8/2027 (USD-SOFR + 2.05% on 6/8/2026) <sup>(e)</sup>  | 7776 | 7867 |
| Truist Financial Corp. 5.435% 1/24/2030 (USD-SOFR + 1.62% on 1/24/2029) <sup>(e)</sup>  | 149 | 154 |
| Truist Financial Corp. 5.071% 5/20/2031 (USD-SOFR + 1.309% on 5/20/2030) <sup>(e)</sup>  | 592 | 607 |
| U.S. Bancorp 5.775% 6/12/2029 (USD-SOFR + 2.02% on 6/12/2028) <sup>(e)</sup>  | 266 | 277 |
| U.S. Bancorp 5.384% 1/23/2030 (USD-SOFR + 1.56% on 1/23/2029) <sup>(e)</sup>  | 100 | 103 |
| UBS Group AG 1.305% 2/2/2027 (USD-SOFR + 0.98% on 2/2/2026) <sup>(c)(e)</sup>  | 3950 | 3911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UBS Group AG 1.494% 8/10/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.85% on <br>8/10/2026) <sup>(c)(e)</sup>  | 515 | 503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UBS Group AG 5.428% 2/8/2030 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.52% on <br>2/8/2029) <sup>(c)(e)</sup>  | 1330 | 1374 |
| Wells Fargo & Co. 5.707% 4/22/2028 (USD-SOFR + 1.07% on 4/22/2027) <sup>(e)</sup>  | 9125 | 9339 |
| Wells Fargo & Co. 4.808% 7/25/2028 (USD-SOFR + 1.98% on 7/25/2027) <sup>(e)</sup>  | 3145 | 3183 |
| Wells Fargo & Co. 5.574% 7/25/2029 (USD-SOFR + 1.74% on 7/25/2028) <sup>(e)</sup>  | 1445 | 1498 |
| Wells Fargo & Co. 5.198% 1/23/2030 (USD-SOFR + 1.50% on 1/23/2029) <sup>(e)</sup>  | 325 | 335 |
| Wells Fargo & Co. 5.15% 4/23/2031 (USD-SOFR + 1.50% on 4/23/2030) <sup>(e)</sup>  | 4860 | 5014 |
| Wells Fargo Bank, N.A. 5.45% 8/7/2026  | 1700 | 1719 |
| Willis North America, Inc. 4.65% 6/15/2027  | 1340 | 1351 |
|  |  | 280050 |
| **Health care 3.70%** |  |  |
| AbbVie, Inc. 4.80% 3/15/2027  | 2375 | 2403 |
| AbbVie, Inc. 4.80% 3/15/2029  | 1718 | 1757 |
| Amgen, Inc. 2.20% 2/21/2027  | 7031 | 6863 |
| Amgen, Inc. 5.15% 3/2/2028  | 3844 | 3934 |
| AstraZeneca Finance, LLC 4.85% 2/26/2029  | 792 | 813 |
| Baxter International, Inc. 1.915% 2/1/2027  | 7010 | 6797 |
| Becton, Dickinson and Co. 4.874% 2/8/2029  | 100 | 102 |
| Bristol-Myers Squibb Co. 4.90% 2/22/2027  | 2350 | 2382 |
| Bristol-Myers Squibb Co. 4.90% 2/22/2029  | 1100 | 1130 |
| Cigna Group (The) 5.00% 5/15/2029  | 500 | 513 |
| Cigna Group (The) 4.50% 9/15/2030  | 1800 | 1806 |
| CVS Health Corp. 5.00% 2/20/2026  | 5150 | 5158 |
| CVS Health Corp. 5.00% 1/30/2029  | 210 | 214 |

---

Capital Group Short Duration Income ETF — Page 3 of 25

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Health care (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| CVS Health Corp. 5.40% 6/1/2029  | USD1,780 | $1841 |
| Elevance Health, Inc. 4.00% 9/15/2028  | 2000 | 1992 |
| Elevance Health, Inc. 4.75% 2/15/2030  | 451 | 459 |
| Eli Lilly and Co. 4.75% 2/12/2030  | 1192 | 1223 |
| GE HealthCare Technologies, Inc. 4.80% 8/14/2029  | 159 | 162 |
| HCA, Inc. 5.25% 6/15/2026  | 205 | 205 |
| HCA, Inc. 5.00% 3/1/2028  | 3150 | 3209 |
| Johnson & Johnson 4.80% 6/1/2029  | 750 | 774 |
| Pfizer Investment Enterprises Pte., Ltd. 4.45% 5/19/2026  | 2544 | 2549 |
| Pfizer Investment Enterprises Pte., Ltd. 4.45% 5/19/2028  | 830 | 840 |
| Stryker Corp. 4.70% 2/10/2028  | 2600 | 2638 |
| Stryker Corp. 4.85% 2/10/2030  | 1400 | 1435 |
| Teva Pharmaceutical Finance Netherlands III BV 3.15% 10/1/2026  | 5665 | 5569 |
| UnitedHealth Group Inc. 4.65% 1/15/2031  | 1400 | 1419 |
| UnitedHealth Group, Inc. 4.75% 7/15/2026  | 1200 | 1207 |
| UnitedHealth Group, Inc. 4.80% 1/15/2030  | 585 | 598 |
|  |  | 59992 |
| **Utilities 3.38%** |  |  |
| CenterPoint Energy Houston Electric, LLC 5.20% 10/1/2028  | 250 | 258 |
| Consumers Energy Co. 4.70% 1/15/2030  | 564 | 576 |
| DTE Energy Co. 4.95% 7/1/2027  | 450 | 456 |
| DTE Energy Co. 5.10% 3/1/2029  | 350 | 359 |
| Duke Energy Corp. 5.00% 12/8/2025  | 1830 | 1832 |
| Edison International 5.25% 11/15/2028  | 550 | 555 |
| Edison International 5.45% 6/15/2029  | 1506 | 1518 |
| Edison International 6.95% 11/15/2029  | 223 | 237 |
| Edison International 6.25% 3/15/2030  | 1377 | 1433 |
| Eversource Energy 5.95% 2/1/2029  | 1139 | 1193 |
| Florida Power & Light Co. 5.15% 6/15/2029  | 1145 | 1189 |
| Georgia Power Co. 5.004% 2/23/2027  | 1647 | 1671 |
| Georgia Power Co. 4.65% 5/16/2028  | 400 | 406 |
| NextEra Energy Capital Holdings, Inc. 4.685% 9/1/2027  | 1650 | 1668 |
| NiSource, Inc. 5.20% 7/1/2029  | 475 | 490 |
| Pacific Gas and Electric Co. 3.15% 1/1/2026  | 2560 | 2552 |
| Pacific Gas and Electric Co. 2.95% 3/1/2026  | 2484 | 2467 |
| Pacific Gas and Electric Co. 5.00% 6/4/2028  | 5875 | 5959 |
| Pacific Gas and Electric Co. 4.65% 8/1/2028  | 3580 | 3591 |
| Pacific Gas and Electric Co. 5.55% 5/15/2029  | 1465 | 1509 |
| PacifiCorp 5.10% 2/15/2029  | 405 | 416 |
| Public Service Enterprise Group, Inc. 4.90% 3/15/2030  | 1282 | 1311 |
| Public Service Enterprise Group, Inc. 1.60% 8/15/2030  | 475 | 417 |
| Southern California Edison Co. 4.90% 6/1/2026  | 4556 | 4571 |
| Southern California Edison Co. 5.85% 11/1/2027  | 6164 | 6326 |
| Southern California Edison Co. 5.30% 3/1/2028  | 300 | 305 |
| Southern California Edison Co. 5.65% 10/1/2028  | 185 | 191 |
| Southern California Edison Co. 5.25% 3/15/2030  | 2402 | 2450 |
| Southern California Edison Co. 2.50% 6/1/2031  | 293 | 260 |
| Wisconsin Public Service Corp. 4.55% 12/1/2029  | 1100 | 1119 |
| Xcel Energy, Inc. 3.35% 12/1/2026  | 5945 | 5888 |
| Xcel Energy, Inc. 4.75% 3/21/2028  | 1677 | 1698 |
|  |  | 54871 |

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Capital Group Short Duration Income ETF — Page 4 of 25

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Consumer staples 3.03%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Altria Group, Inc. 4.875% 2/4/2028  | USD5,898 | $5995 |
| BAT International Finance PLC 5.931% 2/2/2029  | 1456 | 1530 |
| Campbells Co. (The) 5.20% 3/19/2027  | 4079 | 4144 |
| Campbell's Co. (The) 5.20% 3/21/2029  | 255 | 262 |
| Conagra Brands, Inc. 4.60% 11/1/2025  | 2518 | 2517 |
| Constellation Brands, Inc. 4.40% 11/15/2025  | 2491 | 2490 |
| Constellation Brands, Inc. 4.35% 5/9/2027  | 390 | 391 |
| Constellation Brands, Inc. 4.80% 5/1/2030  | 248 | 252 |
| Diageo Investment Corp. 5.125% 8/15/2030  | 1443 | 1496 |
| Imperial Brands Finance PLC 4.50% 6/30/2028 <sup>(c)</sup>  | 5762 | 5801 |
| Mars, Inc. 4.45% 3/1/2027 <sup>(c)</sup>  | 2000 | 2015 |
| Mars, Inc. 4.60% 3/1/2028 <sup>(c)</sup>  | 3227 | 3267 |
| Mars, Inc. 4.80% 3/1/2030 <sup>(c)</sup>  | 2432 | 2479 |
| Mondelez International, Inc. 4.50% 5/6/2030  | 1750 | 1765 |
| Philip Morris International, Inc. 5.00% 11/17/2025  | 2798 | 2800 |
| Philip Morris International, Inc. 4.875% 2/13/2026  | 2125 | 2130 |
| Philip Morris International, Inc. 4.75% 2/12/2027  | 3000 | 3029 |
| Philip Morris International, Inc. 4.375% 11/1/2027  | 1975 | 1991 |
| Philip Morris International, Inc. 4.125% 4/28/2028  | 1400 | 1403 |
| Philip Morris International, Inc. 5.25% 9/7/2028  | 250 | 258 |
| Philip Morris International, Inc. 4.875% 2/13/2029  | 380 | 388 |
| Philip Morris International, Inc. 4.625% 11/1/2029  | 1129 | 1146 |
| Philip Morris International, Inc. 4.375% 4/30/2030  | 1543 | 1551 |
|  |  | 49100 |
| **Consumer discretionary 2.89%** |  |  |
| Daimler Trucks Finance North America, LLC 5.00% 1/15/2027 <sup>(c)</sup>  | 350 | 354 |
| Daimler Trucks Finance North America, LLC 5.125% 9/25/2027 <sup>(c)</sup>  | 1075 | 1093 |
| Daimler Trucks Finance North America, LLC 4.95% 1/13/2028 <sup>(c)</sup>  | 933 | 947 |
| Daimler Trucks Finance North America, LLC 5.125% 9/25/2029 <sup>(c)</sup>  | 214 | 220 |
| Daimler Trucks Finance North America, LLC 5.25% 1/13/2030 <sup>(c)</sup>  | 700 | 720 |
| Ford Motor Credit Co., LLC 3.375% 11/13/2025  | 3383 | 3377 |
| Ford Motor Credit Co., LLC 6.95% 3/6/2026  | 310 | 312 |
| Ford Motor Credit Co., LLC 6.95% 6/10/2026  | 5478 | 5550 |
| Ford Motor Credit Co., LLC 5.125% 11/5/2026  | 649 | 651 |
| Ford Motor Credit Co., LLC 5.85% 5/17/2027  | 7379 | 7473 |
| Ford Motor Credit Co., LLC 5.918% 3/20/2028  | 1972 | 2006 |
| Ford Motor Credit Co., LLC 6.798% 11/7/2028  | 350 | 366 |
| Ford Motor Credit Co., LLC 5.80% 3/8/2029  | 350 | 355 |
| Ford Motor Credit Co., LLC 5.875% 11/7/2029  | 610 | 621 |
| Ford Motor Credit Co., LLC 5.73% 9/5/2030  | 877 | 885 |
| General Motors Financial Co., Inc. 5.40% 4/6/2026  | 5377 | 5407 |
| General Motors Financial Co., Inc. 4.90% 10/6/2029  | 1051 | 1063 |
| General Motors Financial Co., Inc. 5.35% 1/7/2030  | 900 | 922 |
| Home Depot, Inc. 5.15% 6/25/2026  | 1025 | 1034 |
| Home Depot, Inc. 4.875% 6/25/2027  | 750 | 763 |
| Home Depot, Inc. 4.75% 6/25/2029  | 911 | 933 |
| Hyatt Hotels Corp. 5.05% 3/30/2028  | 600 | 610 |
| Hyundai Capital America 1.80% 10/15/2025 <sup>(c)</sup>  | 1090 | 1089 |
| Hyundai Capital America 5.45% 6/24/2026 <sup>(c)</sup>  | 1454 | 1466 |
| Hyundai Capital America 5.30% 3/19/2027 <sup>(c)</sup>  | 575 | 583 |
| Hyundai Capital America 4.875% 6/23/2027 <sup>(c)</sup>  | 1034 | 1043 |
| Hyundai Capital America 4.90% 6/23/2028 <sup>(c)</sup>  | 1279 | 1298 |
| Hyundai Capital America 6.10% 9/21/2028 <sup>(c)</sup>  | 275 | 288 |

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Capital Group Short Duration Income ETF — Page 5 of 25

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Consumer discretionary (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Hyundai Capital America 6.50% 1/16/2029 <sup>(c)</sup>  | USD53 | $56 |
| Hyundai Capital America 4.55% 9/26/2029 <sup>(c)</sup>  | 413 | 414 |
| Hyundai Capital America 5.30% 1/8/2030 <sup>(c)</sup>  | 900 | 925 |
| Hyundai Capital America 5.15% 3/27/2030 <sup>(c)</sup>  | 1000 | 1021 |
| Marriott International, Inc. 5.55% 10/15/2028  | 250 | 260 |
| Marriott International, Inc. 4.875% 5/15/2029  | 350 | 357 |
| Toyota Motor Credit Corp. 4.55% 8/9/2029  | 900 | 914 |
| Toyota Motor Credit Corp. 4.95% 1/9/2030  | 1475 | 1520 |
|  |  | 46896 |
| **Industrials 2.76%** |  |  |
| Air Lease Corp. 5.30% 6/25/2026  | 1055 | 1062 |
| BAE Systems PLC 5.125% 3/26/2029 <sup>(c)</sup>  | 648 | 668 |
| Boeing Co. (The) 2.75% 2/1/2026  | 149 | 148 |
| Boeing Co. (The) 2.196% 2/4/2026  | 10041 | 9966 |
| Boeing Co. (The) 6.259% 5/1/2027  | 7571 | 7793 |
| Boeing Co. (The) 6.298% 5/1/2029  | 378 | 401 |
| Canadian Pacific Railway Co. 4.80% 3/30/2030  | 1532 | 1570 |
| General Aerospace Co. 4.30% 7/29/2030  | 2121 | 2135 |
| Ingersoll-Rand, Inc. 5.197% 6/15/2027  | 650 | 661 |
| Ingersoll-Rand, Inc. 5.40% 8/14/2028  | 260 | 269 |
| Ingersoll-Rand, Inc. 5.176% 6/15/2029  | 312 | 323 |
| L3Harris Technologies, Inc. 5.40% 1/15/2027  | 6184 | 6288 |
| Lockheed Martin Corp. 4.95% 10/15/2025  | 515 | 515 |
| Northrop Grumman Corp. 4.65% 7/15/2030  | 1500 | 1526 |
| Paychex, Inc. 5.10% 4/15/2030  | 2835 | 2918 |
| RTX Corp. 5.75% 11/8/2026  | 6927 | 7044 |
| Waste Management, Inc. 4.65% 3/15/2030  | 1500 | 1531 |
|  |  | 44818 |
| **Energy 1.98%** |  |  |
| Chevron USA, Inc. 4.687% 4/15/2030  | 1043 | 1068 |
| Columbia Pipelines Holding Co., LLC 6.042% 8/15/2028 <sup>(c)</sup>  | 450 | 470 |
| ConocoPhillips Co. 4.70% 1/15/2030  | 1600 | 1632 |
| Diamondback Energy, Inc. 5.20% 4/18/2027  | 4935 | 5008 |
| Enbridge, Inc. 5.90% 11/15/2026  | 4782 | 4867 |
| Enbridge, Inc. 6.00% 11/15/2028  | 300 | 316 |
| Energy Transfer, LP 6.10% 12/1/2028  | 438 | 461 |
| Energy Transfer, LP 5.25% 7/1/2029  | 973 | 1002 |
| EOG Resources, Inc. 4.40% 7/15/2028  | 706 | 713 |
| Kinder Morgan, Inc. 5.00% 2/1/2029  | 319 | 326 |
| Occidental Petroleum Corp. 5.00% 8/1/2027  | 4692 | 4747 |
| Occidental Petroleum Corp. 5.20% 8/1/2029  | 625 | 635 |
| Petroleos Mexicanos 6.875% 10/16/2025  | 1784 | 1783 |
| Petroleos Mexicanos 6.875% 8/4/2026  | 3572 | 3621 |
| Petroleos Mexicanos 6.49% 1/23/2027  | 205 | 207 |
| Petroleos Mexicanos 5.35% 2/12/2028  | 3497 | 3485 |
| Repsol E&P Capital Markets US, LLC 4.805% 9/16/2028 <sup>(c)</sup>  | 630 | 633 |
| Repsol E&P Capital Markets US, LLC 5.204% 9/16/2030 <sup>(c)</sup>  | 1106 | 1114 |
|  |  | 32088 |

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Capital Group Short Duration Income ETF — Page 6 of 25

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Information technology 1.41%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Broadcom, Inc. 3.15% 11/15/2025  | USD3,552 | $3547 |
| Broadcom, Inc. 4.15% 2/15/2028  | 1800 | 1805 |
| Broadcom, Inc. 5.05% 7/12/2029  | 1000 | 1030 |
| Broadcom, Inc. 4.35% 2/15/2030  | 1000 | 1005 |
| Microchip Technology, Inc. 4.90% 3/15/2028  | 4831 | 4903 |
| Oracle Corp. 1.65% 3/25/2026  | 650 | 643 |
| Oracle Corp. 4.80% 8/3/2028  | 2300 | 2339 |
| Oracle Corp. 4.45% 9/26/2030  | 3500 | 3499 |
| Synopsys, Inc. 4.65% 4/1/2028  | 3950 | 3995 |
| Texas Instruments, Inc. 4.60% 2/8/2029  | 130 | 133 |
|  |  | 22899 |
| **Communication services 1.00%** |  |  |
| AT&T, Inc. 1.70% 3/25/2026  | 7270 | 7186 |
| CCO Holdings, LLC 5.50% 5/1/2026 <sup>(c)</sup>  | 750 | 750 |
| Charter Communications Operating, LLC 6.10% 6/1/2029  | 2581 | 2709 |
| Comcast Corp. 5.10% 6/1/2029  | 600 | 620 |
| T-Mobile USA, Inc. 2.25% 2/15/2026  | 4782 | 4745 |
| T-Mobile USA, Inc. 4.80% 7/15/2028  | 275 | 280 |
|  |  | 16290 |
| **Materials 0.83%** |  |  |
| BHP Billiton Finance (USA), Ltd. 4.875% 2/27/2026  | 875 | 877 |
| BHP Billiton Finance (USA), Ltd. 5.10% 9/8/2028  | 250 | 257 |
| Celanese US Holdings, LLC 6.665% 7/15/2027 <sup>(e)</sup>  | 428 | 439 |
| Celanese US Holdings, LLC 6.85% 11/15/2028 <sup>(e)</sup>  | 2016 | 2094 |
| Chevron Phillips Chemical Co., LLC 4.75% 5/15/2030 <sup>(c)</sup>  | 581 | 591 |
| Dow Chemical Co. (The) 4.55% 11/30/2025  | 65 | 65 |
| Dow Chemical Co. (The) 4.80% 1/15/2031  | 2200 | 2192 |
| LYB International Finance III, LLC 1.25% 10/1/2025  | 1370 | 1370 |
| Nutrien, Ltd. 5.95% 11/7/2025  | 279 | 279 |
| Rio Tinto Finance (USA) PLC 4.875% 3/14/2030  | 1800 | 1845 |
| Sherwin-Williams Co. 4.30% 8/15/2028  | 2000 | 2011 |
| Sherwin-Williams Co. 4.50% 8/15/2030  | 1400 | 1410 |
|  |  | 13430 |
| **Real estate 0.56%** |  |  |
| COPT Defense Properties, LP 2.25% 3/15/2026  | 2592 | 2566 |
| Equinix, Inc. 1.45% 5/15/2026  | 6075 | 5972 |
| Ladder Capital Finance Holdings LLLP 5.50% 8/1/2030  | 603 | 615 |
|  |  | 9153 |
| **Total corporate bonds, notes & loans** |  | 629587 |
| **Mortgage-backed obligations 33.31%**<br> **Federal agency mortgage-backed obligations 15.04%**<br>|  |  |
| Fannie Mae Pool #MA5477 6.00% 9/1/2039 <sup>(f)</sup>  | 192 | 199 |
| Fannie Mae Pool #CC0188 6.00% 3/1/2040 <sup>(f)</sup>  | 829 | 856 |
| Fannie Mae Pool #MA5773 6.00% 7/1/2040 <sup>(f)</sup>  | 213 | 220 |
| Fannie Mae Pool #DA1075 6.00% 11/1/2053 <sup>(f)</sup>  | 29 | 29 |
| Fannie Mae Pool #CB7612 6.00% 12/1/2053 <sup>(f)</sup>  | 62 | 63 |
| Fannie Mae Pool #DA7801 5.50% 1/1/2054 <sup>(f)</sup>  | 913 | 923 |
| Fannie Mae Pool #MA5246 5.50% 1/1/2054 <sup>(f)</sup>  | 35 | 35 |
| Fannie Mae Pool #DA5980 6.00% 1/1/2054 <sup>(f)</sup>  | 958 | 981 |

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Capital Group Short Duration Income ETF — Page 7 of 25

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Fannie Mae Pool #DA5779 6.00% 1/1/2054 <sup>(f)</sup>  | USD102 | $106 |
| Fannie Mae Pool #DA9467 6.00% 2/1/2054 <sup>(f)</sup>  | 51 | 53 |
| Fannie Mae Pool #MA5296 5.50% 3/1/2054 <sup>(f)</sup>  | 3721 | 3760 |
| Fannie Mae Pool #DA9742 6.00% 3/1/2054 <sup>(f)</sup>  | 162 | 166 |
| Fannie Mae Pool #DA6019 5.50% 4/1/2054 <sup>(f)</sup>  | 852 | 861 |
| Fannie Mae Pool #DB2745 5.50% 4/1/2054 <sup>(f)</sup>  | 420 | 425 |
| Fannie Mae Pool #DB2626 5.50% 4/1/2054 <sup>(f)</sup>  | 28 | 29 |
| Fannie Mae Pool #BY7524 5.50% 4/1/2054 <sup>(f)</sup>  | 29 | 29 |
| Fannie Mae Pool #MA5328 6.00% 4/1/2054 <sup>(f)</sup>  | 743 | 761 |
| Fannie Mae Pool #DB1087 6.00% 5/1/2054 <sup>(f)</sup>  | 883 | 905 |
| Fannie Mae Pool #MA5445 6.00% 8/1/2054 <sup>(f)</sup>  | 4103 | 4197 |
| Fannie Mae Pool #DC3262 6.00% 9/1/2054 <sup>(f)</sup>  | 125 | 128 |
| Fannie Mae Pool #DC3459 6.00% 9/1/2054 <sup>(f)</sup>  | 65 | 66 |
| Fannie Mae Pool #FA0445 5.50% 1/1/2055 <sup>(f)</sup>  | 3323 | 3354 |
| Fannie Mae Pool #MA5615 6.00% 2/1/2055 <sup>(f)</sup>  | 2727 | 2789 |
| Fannie Mae Pool #MA5647 6.00% 3/1/2055 <sup>(f)</sup>  | 1017 | 1040 |
| Fannie Mae Pool #FA1162 6.00% 4/1/2055 <sup>(f)</sup>  | 99 | 101 |
| Fannie Mae Pool #DD4459 6.00% 4/1/2055 <sup>(f)</sup>  | 94 | 96 |
| Fannie Mae Pool #MA5701 6.00% 5/1/2055 <sup>(f)</sup>  | 14028 | 14341 |
| Fannie Mae Pool #MA5736 6.00% 6/1/2055 <sup>(f)</sup>  | 489 | 500 |
| Fannie Mae Pool #MA5761 6.00% 7/1/2055 <sup>(f)</sup>  | 1952 | 1995 |
| Fannie Mae Pool #MA5762 6.50% 7/1/2055 <sup>(f)</sup>  | 962 | 995 |
| Farmer Mac Agricultural Real Estate Trust, Series 2024-2, Class A1, 5.195% 8/1/2054 <sup>(c)(d)(f)</sup>  | 553 | 554 |
| Farmer Mac Agricultural Real Estate Trust, Series 2025-1, Class A1, 5.22% 8/1/2055 <sup>(c)(d)(f)</sup>  | 4821 | 4870 |
| Freddie Mac Pool #SB1452 6.00% 4/1/2040 <sup>(f)</sup>  | 901 | 931 |
| Freddie Mac Pool #QO3370 6.00% 4/1/2040 <sup>(f)</sup>  | 730 | 754 |
| Freddie Mac Pool #SD3513 6.00% 8/1/2053 <sup>(f)</sup>  | 28 | 29 |
| Freddie Mac Pool #QH6125 6.00% 12/1/2053 <sup>(f)</sup>  | 30 | 30 |
| Freddie Mac Pool #QH9078 5.50% 1/1/2054 <sup>(f)</sup>  | 485 | 492 |
| Freddie Mac Pool #RJ1372 6.00% 1/1/2054 <sup>(f)</sup>  | 1491 | 1528 |
| Freddie Mac Pool #RJ0854 6.50% 1/1/2054 <sup>(f)</sup>  | 112 | 116 |
| Freddie Mac Pool #QH9775 5.50% 2/1/2054 <sup>(f)</sup>  | 495 | 501 |
| Freddie Mac Pool #SD8431 5.50% 5/1/2054 <sup>(f)</sup>  | 468 | 473 |
| Freddie Mac Pool #SD8432 6.00% 5/1/2054 <sup>(f)</sup>  | 825 | 845 |
| Freddie Mac Pool #QI6042 6.00% 5/1/2054 <sup>(f)</sup>  | 700 | 718 |
| Freddie Mac Pool #QI8145 6.00% 6/1/2054 <sup>(f)</sup>  | 896 | 919 |
| Freddie Mac Pool #SD8439 6.00% 6/1/2054 <sup>(f)</sup>  | 11 | 12 |
| Freddie Mac Pool #RJ1725 6.50% 6/1/2054 <sup>(f)</sup>  | 189 | 197 |
| Freddie Mac Pool #SD6143 6.00% 7/1/2054 <sup>(f)</sup>  | 2887 | 2952 |
| Freddie Mac Pool #RJ2526 6.00% 7/1/2054 <sup>(f)</sup>  | 496 | 508 |
| Freddie Mac Pool #RJ1986 6.50% 7/1/2054 <sup>(f)</sup>  | 2031 | 2104 |
| Freddie Mac Pool #SD5986 6.50% 7/1/2054 <sup>(f)</sup>  | 686 | 714 |
| Freddie Mac Pool #SD8454 6.00% 8/1/2054 <sup>(f)</sup>  | 2260 | 2312 |
| Freddie Mac Pool #QJ3296 6.00% 8/1/2054 <sup>(f)</sup>  | 70 | 71 |
| Freddie Mac Pool #SD8462 5.50% 9/1/2054 <sup>(f)</sup>  | 11893 | 12009 |
| Freddie Mac Pool #QJ3945 6.00% 9/1/2054 <sup>(f)</sup>  | 34 | 35 |
| Freddie Mac Pool #RJ3187 6.00% 10/1/2054 <sup>(f)</sup>  | 478 | 489 |
| Freddie Mac Pool #QJ5733 6.00% 10/1/2054 <sup>(f)</sup>  | 157 | 161 |
| Freddie Mac Pool #SD8475 5.50% 11/1/2054 <sup>(f)</sup>  | 13236 | 13361 |
| Freddie Mac Pool #SD8507 6.00% 2/1/2055 <sup>(f)</sup>  | 570 | 583 |
| Freddie Mac Pool #SD8516 6.00% 3/1/2055 <sup>(f)</sup>  | 2939 | 3005 |
| Freddie Mac Pool #SD8525 6.00% 4/1/2055 <sup>(f)</sup>  | 43328 | 44303 |
| Freddie Mac Pool #SL1416 6.00% 4/1/2055 <sup>(f)</sup>  | 852 | 872 |
| Freddie Mac Pool #QY1235 6.00% 4/1/2055 <sup>(f)</sup>  | 78 | 80 |

---

Capital Group Short Duration Income ETF — Page 8 of 25

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Freddie Mac Pool #SD8534 6.00% 5/1/2055 <sup>(f)</sup>  | USD49,959 | $51072 |
| Freddie Mac Pool #RQ0028 6.00% 7/1/2055 <sup>(f)</sup>  | 486 | 497 |
| Freddie Mac Pool #RQ0041 6.00% 8/1/2055 <sup>(f)</sup>  | 86 | 88 |
| Uniform Mortgage-Backed Security 5.50% 10/1/2040 <sup>(f)(g)</sup>  | 492 | 503 |
| Uniform Mortgage-Backed Security 6.00% 10/1/2055 <sup>(f)(g)</sup>  | 51935 | 53064 |
| Uniform Mortgage-Backed Security 6.50% 10/1/2055 <sup>(f)(g)</sup>  | 2154 | 2226 |
|  |  | 243981 |
| **Collateralized mortgage-backed obligations (privately originated) 10.93%** |  |  |
| Angel Oak Mortgage Trust, Series 2024-8, Class A1, 5.338% 5/27/2069 (6.338% on 8/1/2028) <sup>(c)(e)(f)</sup>  | 1470 | 1478 |
| Arroyo Mortgage Trust, Series 2019-1, Class A1, 3.805% 1/25/2049 <sup>(c)(d)(f)</sup>  | 59 | 58 |
| Arroyo Mortgage Trust, Series 2019-2, Class A3, 3.80% 4/25/2049 <sup>(c)(d)(f)</sup>  | 276 | 270 |
| Arroyo Mortgage Trust, Series 2022-1, Class A1A, 2.495% 12/25/2056 (3.495% on 2/25/2026) <sup>(c)(e)(f)</sup>  | 256 | 247 |
| Atlas SP, Series 2024-RPL1, Class A1, 3.85% 4/25/2064 (4.85% on 8/1/2028) <sup>(c)(e)(f)</sup>  | 2806 | 2725 |
| BRAVO Residential Funding Trust, Series 2020-RPL1, Class A1, 2.50% 5/26/2059 <sup>(c)(d)(f)</sup>  | 40 | 39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BRAVO Residential Funding Trust, Series 2023-NQM8, Class A1, 6.394% 10/25/2063 (7.394% on <br>11/1/2027) <sup>(c)(e)(f)</sup>  | 1571 | 1589 |
| BRAVO Residential Funding Trust, Series 2025-NQM1, Class A1, 5.60% 12/25/2064 <sup>(c)(e)(f)</sup>  | 5284 | 5334 |
| BRAVO Residential Funding Trust, Series 2025-NQM5, Class A1, 5.496% 2/25/2065 (6.496% on 5/1/2027) <sup>(c)(e)(f)</sup>  | 3709 | 3741 |
| Cascade Funding Mortgage Trust, Series 2024-NR1, Class A1, 6.405% 11/25/2029 (9.405% on 11/25/2027) <sup>(c)(e)(f)</sup>  | 3736 | 3774 |
| Cascade Funding Mortgage Trust, Series 2023-HB12, Class A, 4.25% 4/25/2033 <sup>(c)(d)(f)</sup>  | 18 | 18 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class A, 4.00% 8/25/2034 <sup>(c)(d)(f)</sup>  | 624 | 622 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class M1, 4.00% 8/25/2034 <sup>(c)(d)(f)</sup>  | 485 | 478 |
| Cascade Funding Mortgage Trust, Series 2024-RM5, Class A, 4.00% 10/25/2054 <sup>(c)(d)(f)</sup>  | 3047 | 2995 |
| Cascade Funding Mortgage Trust, Series 2024-R1, Class A1, 4.00% 10/25/2054 (5.00% on 10/25/2028) <sup>(c)(e)(f)</sup>  | 1867 | 1844 |
| CIM Trust, Series 2018-R3, Class A1, 5.00% 12/25/2057 <sup>(c)(d)(f)</sup>  | 10 | 10 |
| CIM Trust, Series 2025-R1, Class A1, 5.00% 2/25/2099 (8.00% on 3/1/2028) <sup>(c)(e)(f)</sup>  | 2446 | 2435 |
| COLT Funding, LLC, Series 2023-1, Class A1, 6.048% 4/25/2068 (7.048% on 4/1/2027) <sup>(c)(e)(f)</sup>  | 786 | 789 |
| COLT Funding, LLC, Series 2023-3, Class A1, 7.18% 9/25/2068 (8.18% on 9/1/2027) <sup>(c)(e)(f)</sup>  | 831 | 843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2016-C02, Class 1M2, (30-day Average USD-SOFR + 6.114%) <br> 10.471% 9/25/2028 <sup>(d)(f)</sup>  | 26 | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2023-R01, Class 1M1, (30-day Average USD-SOFR + 2.40%) 6.756% <br> 12/25/2042 <sup>(c)(d)(f)</sup>  | 984 | 1008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2023-R05, Class 1M1, (30-day Average USD-SOFR + 1.90%) 6.256% <br> 6/25/2043 <sup>(c)(d)(f)</sup>  | 266 | 268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2023-R06, Class 1M1, (30-day Average USD-SOFR + 1.70%) 6.056% <br> 7/25/2043 <sup>(c)(d)(f)</sup>  | 260 | 261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2024-R01, Class 1M1, (30-day Average USD-SOFR + 1.05%) 5.406% <br> 1/25/2044 <sup>(c)(d)(f)</sup>  | 816 | 816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2024-R01, Class 1B1, (30-day Average USD-SOFR + 2.70%) 7.056% <br> 1/25/2044 <sup>(c)(d)(f)</sup>  | 995 | 1021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2024-R02, Class 1M1, (30-day Average USD-SOFR + 1.10%) 5.456% <br> 2/25/2044 <sup>(c)(d)(f)</sup>  | 520 | 520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2024-R02, Class 1B1, (30-day Average USD-SOFR + 2.50%) 6.856% <br> 2/25/2044 <sup>(c)(d)(f)</sup>  | 593 | 604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2024-R04, Class 1M1, (30-day Average USD-SOFR + 1.10%) 5.456% <br> 5/25/2044 <sup>(c)(d)(f)</sup>  | 716 | 717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2024-R04, Class 1B1, (30-day Average USD-SOFR + 2.20%) 6.556% <br> 5/25/2044 <sup>(c)(d)(f)</sup>  | 333 | 336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2024-R06, Class 1A1, (30-day Average USD-SOFR + 1.15%) 5.506% <br> 9/25/2044 <sup>(c)(d)(f)</sup>  | 1840 | 1847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2024-R06, Class 1M2, (30-day Average USD-SOFR + 1.60%) 5.956% <br> 9/25/2044 <sup>(c)(d)(f)</sup>  | 275 | 276 |

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Capital Group Short Duration Income ETF — Page 9 of 25

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Collateralized mortgage-backed obligations (privately originated) (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2025-R01, Class 1A1, (30-day Average USD-SOFR + 0.95%) 5.306% <br> 1/25/2045 <sup>(c)(d)(f)</sup>  | USD1,774 | $1776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2025-R02, Class 1A1, (30-day Average USD-SOFR + 1.00%) 5.356% <br> 2/25/2045 <sup>(c)(d)(f)</sup>  | 577 | 578 |
| Finance of America HECM Buyout, Series 24-HB1, Class A1A, 4.00% 10/1/2034 <sup>(c)(d)(f)</sup>  | 2143 | 2138 |
| Finance of America Structured Securities Trust, Series 2025-PC1, Class A1, 4.50% 5/25/2075 <sup>(c)(f)</sup>  | 2171 | 2100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2015-DNA3, Class M3, (30-day Average <br> USD-SOFR + 4.814%) 9.171% 4/25/2028 <sup>(d)(f)</sup>  | 41 | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2016-DNA1, Class M3, (30-day Average <br> USD-SOFR + 5.664%) 10.021% 7/25/2028 <sup>(d)(f)</sup>  | 130 | 132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA5, Class M1A, (30-day Average <br> USD-SOFR + 2.95%) 7.306% 6/25/2042 <sup>(c)(d)(f)</sup>  | 727 | 742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA6, Class M1A, (30-day Average <br> USD-SOFR + 2.15%) 6.506% 9/25/2042 <sup>(c)(d)(f)</sup>  | 845 | 850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA1, Class A1, (30-day Average <br> USD-SOFR + 1.35%) 5.706% 2/25/2044 <sup>(c)(d)(f)</sup>  | 1382 | 1390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA2, Class A1, (30-day Average <br> USD-SOFR + 1.25%) 5.606% 5/25/2044 <sup>(c)(d)(f)</sup>  | 1913 | 1924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA3, Class A1, (30-day Average <br> USD-SOFR + 1.05%) 5.406% 10/25/2044 <sup>(c)(d)(f)</sup>  | 1186 | 1189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2025-DNA1, Class A1, (30-day Average <br> USD-SOFR + 0.95%) 5.306% 1/25/2045 <sup>(c)(d)(f)</sup>  | 814 | 814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2025-DNA2, Class A1, (30-day Average <br> USD-SOFR + 1.10%) 5.456% 5/25/2045 <sup>(c)(d)(f)</sup>  | 978 | 981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2025-DNA3, Class A1, (30-day Average <br> USD-SOFR + 0.95%) 5.32% 9/25/2045 <sup>(c)(d)(f)</sup>  | 1986 | 1992 |
| GCAT Trust, Series 2024-NQM2, Class A1, 6.085% 6/25/2059 (7.359% on 5/1/2028) <sup>(c)(e)(f)</sup>  | 582 | 590 |
| GS Mortgage-Backed Securities Trust, Series 2024-RPL2, Class A1, 3.75% 7/25/2061 (4.75% on 2/1/2028) <sup>(c)(e)(f)</sup>  | 601 | 589 |
| Imperial Fund Mortgage Trust, Series 2022-NQM7, Class A1, 7.369% 11/25/2067 (8.369% on 11/1/2026) <sup>(c)(e)(f)</sup>  | 425 | 428 |
| Imperial Fund Mortgage Trust, Series 2023-NQM1, Class A1, 5.941% 2/25/2068 (6.941% on 1/1/2027) <sup>(c)(e)(f)</sup>  | 1300 | 1301 |
| MFRA Trust, Series 2024-NQM2, Class A1, 5.272% 8/1/2064 (6.272% on 8/1/2028) <sup>(c)(e)(f)</sup>  | 3705 | 3714 |
| MFRA Trust, Series 2024-NQM3, Class A1, 5.722% 12/25/2069 (6.722% on 12/1/2028) <sup>(c)(e)(f)</sup>  | 4081 | 4119 |
| MFRA Trust, Series 2025-NQM3, Class A1, 5.261% 8/25/2070 (6.261% on 7/1/2029) <sup>(c)(e)(f)</sup>  | 1987 | 2005 |
| Mill City Mortgage Trust, Series 2019-GS2, Class A1, 2.75% 8/25/2059 <sup>(c)(d)(f)</sup>  | 206 | 201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Residential Mortgage Loan Trust, Series 2024-NQM2, Class A1, 6.386% 5/25/2069 (7.386% on <br> 5/1/2028) <sup>(c)(e)(f)</sup>  | 1383 | 1403 |
| New Residential Mortgage Loan Trust, Series 2019-RPL3, Class A1, 2.75% 7/25/2059 <sup>(c)(d)(f)</sup>  | 505 | 489 |
| New Residential Mortgage Loan Trust, Series 2020-RPL1, Class A1, 2.75% 11/25/2059 <sup>(c)(d)(f)</sup>  | 187 | 180 |
| New Residential Mortgage Loan Trust, Series 2025-NQM2, Class A1, 5.566% 4/25/2065 <sup>(c)(e)(f)</sup>  | 2425 | 2451 |
| New York Mortgage Trust, Series 2024-CP1, Class A1, 3.75% 2/25/2068 <sup>(c)(d)(f)</sup>  | 525 | 488 |
| NRZ Excess Spread Collateralized Notes, Series 2025-FHT1, Class A, 6.545% 3/25/2032 <sup>(c)(e)(f)</sup>  | 5259 | 5311 |
| Onslow Bay Financial LLC, Series 2025-NQM18, Class A1A, 5.057% 9/25/2065 (6.057% on 9/1/2029) <sup>(c)(e)(f)</sup>  | 5725 | 5737 |
| Onslow Bay Financial Mortgage Loan Trust, Series 2024-HYB1, Class A1, 3.632% 3/25/2053 <sup>(c)(d)(f)</sup>  | 927 | 913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Onslow Bay Financial Mortgage Loan Trust, Series 2022-NQM9, Class A1A, 6.45% 9/25/2062 (7.45% on <br> 11/1/2026) <sup>(c)(e)(f)</sup>  | 669 | 668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Onslow Bay Financial Mortgage Loan Trust, Series 2023-NQM1, Class A1, 6.12% 11/25/2062 (7.12% on <br> 12/1/2026) <sup>(c)(e)(f)</sup>  | 435 | 435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Onslow Bay Financial Mortgage Loan Trust, Series 2023-NQM4, Class A1, 6.113% 3/25/2063 (7.113% on <br> 5/1/2027) <sup>(c)(e)(f)</sup>  | 396 | 398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Onslow Bay Financial Mortgage Loan Trust, Series 2025-NQM8, Class A1, 5.472% 3/25/2065 (6.472% on <br> 5/1/2029) <sup>(c)(e)(f)</sup>  | 7114 | 7180 |
| Onslow Bay Financial, LLC, Series 2024-HYB2, Class A1, 3.687% 4/25/2053 <sup>(c)(d)(f)</sup>  | 2039 | 2010 |
| Onslow Bay Financial, LLC, Series 2024-NQM5, Class A1, 5.988% 1/25/2064 (6.988% on 3/1/2028) <sup>(c)(e)(f)</sup>  | 887 | 896 |
| Onslow Bay Financial, LLC, Series 2024-NQM4, Class A1, 6.067% 1/25/2064 (7.067% on 2/1/2028) <sup>(c)(e)(f)</sup>  | 1201 | 1214 |

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Capital Group Short Duration Income ETF — Page 10 of 25

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Collateralized mortgage-backed obligations (privately originated) (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Onslow Bay Financial, LLC, Series 2024-NQM7, Class A1, 6.243% 3/25/2064 (7.243% on 4/1/2028) <sup>(c)(e)(f)</sup>  | USD1,065 | $1080 |
| Onslow Bay Financial, LLC, Series 2024-NQM10, Class A1, 6.18% 5/25/2064 (7.18% on 6/1/2028) <sup>(c)(e)(f)</sup>  | 2314 | 2345 |
| Onslow Bay Financial, LLC, Series 2024-NQM8, Class A1, 6.233% 5/25/2064 (7.233% on 5/1/2028) <sup>(c)(e)(f)</sup>  | 2918 | 2961 |
| Onslow Bay Financial, LLC, Series 2024-NQM13, Class A1, 5.116% 6/25/2064 (6.116% on 8/1/2028) <sup>(c)(e)(f)</sup>  | 1834 | 1839 |
| Onslow Bay Financial, LLC, Series 2024-NQM11, Class A1, 5.875% 6/25/2064 (6.825% on 7/1/2028) <sup>(c)(e)(f)</sup>  | 5143 | 5200 |
| Onslow Bay Financial, LLC, Series 2024-NQM17, Class A1, 5.61% 11/25/2064 (6.61% on 11/1/2028) <sup>(c)(e)(f)</sup>  | 2328 | 2350 |
| Onslow Bay Financial, LLC, Series 2025-NQM3, Class A1, 5.648% 12/1/2064 (6.648% on 2/1/2029) <sup>(c)(e)(f)</sup>  | 3359 | 3396 |
| Onslow Bay Financial, LLC, Series 2025-NQM1, Class A1, 5.547% 12/25/2064 (6.547% on 12/1/2028) <sup>(c)(e)(f)</sup>  | 4791 | 4835 |
| Onslow Bay Financial, LLC, Series 2025-NQM14, Class A1A, 5.162% 7/25/2065 (6.162% on 7/1/2029) <sup>(c)(e)(f)</sup>  | 1965 | 1983 |
| Progress Residential Trust, Series 2024-SFR5, Class B, 3.25% 8/9/2029 <sup>(c)(f)</sup>  | 1343 | 1270 |
| Progress Residential Trust, Series 2021-SFR6, Class A, 1.524% 7/17/2038 <sup>(c)(f)</sup>  | 1954 | 1924 |
| Progress Residential Trust, Series 2022-SFR3, Class A, 3.20% 4/17/2039 <sup>(c)(f)</sup>  | 477 | 468 |
| Progress Residential Trust, Series 2024-SFR1, Class A, 3.35% 2/17/2041 <sup>(c)(f)</sup>  | 1143 | 1104 |
| Progress Residential Trust, Series 2024-SFR3, Class A, 3.00% 6/17/2041 <sup>(c)(f)</sup>  | 2242 | 2136 |
| Progress Residential Trust, Series 2025-SFR3, Class A, 3.39% 7/17/2042 <sup>(c)(f)</sup>  | 997 | 945 |
| PRP Advisors, LLC, Series 2025-RPL3, Class A1, 3.25% 4/25/2055 (4.25% on 4/1/2028) <sup>(c)(e)(f)</sup>  | 901 | 869 |
| Sequoia Mortgage Trust, Series 2025-HYB1, Class A1A, 5.069% 10/25/2055 <sup>(c)(d)(f)</sup>  | 3829 | 3850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Mortgage Residential Trust, Series 2024-SFR4, Class A, (1-month USD CME Term SOFR + 1.75%) 5.90% <br> 10/17/2041 <sup>(c)(d)(f)</sup>  | 1647 | 1654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Mortgage Residential Trust, Series 2025-SFR5, Class A, (1-month USD CME Term SOFR + 1.45%) <br> 5.601% 2/17/2042 <sup>(c)(d)(f)</sup>  | 599 | 601 |
| Towd Point Mortgage Trust, Series 2015-5, Class B1, 3.995% 5/25/2055 <sup>(c)(d)(f)</sup>  | 990 | 978 |
| Towd Point Mortgage Trust, Series 2016-2, Class M1, 3.00% 8/25/2055 <sup>(c)(d)(f)</sup>  | 227 | 224 |
| Towd Point Mortgage Trust, Series 2016-3, Class M2, 4.00% 4/25/2056 <sup>(c)(d)(f)</sup>  | 1759 | 1751 |
| Towd Point Mortgage Trust, Series 2017-1, Class A2, 3.50% 10/25/2056 <sup>(c)(d)(f)</sup>  | 70 | 70 |
| Towd Point Mortgage Trust, Series 2017-2, Class A4, 3.736% 4/25/2057 <sup>(c)(d)(f)</sup>  | 353 | 349 |
| Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75% 10/25/2057 <sup>(c)(d)(f)</sup>  | 258 | 254 |
| Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00% 1/25/2058 <sup>(c)(d)(f)</sup>  | 145 | 144 |
| Towd Point Mortgage Trust, Series 2019-1, Class A1, 3.75% 3/25/2058 <sup>(c)(d)(f)</sup>  | 389 | 379 |
| Towd Point Mortgage Trust, Series 2019-2, Class A1, 3.75% 12/25/2058 <sup>(c)(d)(f)</sup>  | 409 | 398 |
| Towd Point Mortgage Trust, Series 15-2, Class 1B2, 3.423% 11/25/2060 <sup>(c)(d)(f)</sup>  | 1225 | 1195 |
| Towd Point Mortgage Trust, Series 2023-1, Class A1, 3.75% 1/25/2063 <sup>(c)(f)</sup>  | 896 | 870 |
| Towd Point Mortgage Trust, Series 2024-3, Class A1A, 5.027% 7/25/2065 <sup>(c)(d)(f)</sup>  | 1576 | 1595 |
| Tricon Residential Trust, Series 2024-SFR2, Class A, 4.75% 6/17/2040 <sup>(c)(f)</sup>  | 1371 | 1376 |
| Tricon Residential Trust, Series 2023-SFR2, Class A, 5.00% 12/17/2040 <sup>(c)(f)</sup>  | 347 | 349 |
| Tricon Residential Trust, Series 2024-SFR3, Class A, 4.50% 8/17/2041 <sup>(c)(f)</sup>  | 2238 | 2236 |
| Verus Securitization Trust, Series 2025-R1, Class A1, 5.402% 5/25/2065 (6.402% on 7/1/2029) <sup>(c)(e)(f)</sup>  | 5755 | 5807 |
| Verus Securitization Trust, Series 2023-1, Class A1, 5.85% 12/25/2067 (6.85% on 1/1/2027) <sup>(c)(e)(f)</sup>  | 471 | 471 |
| Verus Securitization Trust, Series 2023-3, Class A1, 5.93% 3/25/2068 (6.93% on 4/1/2027) <sup>(c)(e)(f)</sup>  | 177 | 177 |
| Verus Securitization Trust, Series 2023-4, Class A1, 5.811% 5/25/2068 (6.811% on 5/1/2027) <sup>(c)(e)(f)</sup>  | 677 | 679 |
| Verus Securitization Trust, Series 2023-5, Class A5, 6.476% 6/25/2068 (7.476% on 6/1/2027) <sup>(c)(e)(f)</sup>  | 470 | 474 |
| Verus Securitization Trust, Series 2024-2, Class A1, 6.095% 2/25/2069 (7.095% on 2/1/2028) <sup>(c)(e)(f)</sup>  | 1047 | 1059 |
| Verus Securitization Trust, Series 2024-3, Class A1, 6.338% 4/25/2069 (7.338% on 4/1/2028) <sup>(c)(e)(f)</sup>  | 3095 | 3141 |
| Verus Securitization Trust, Series 2024-4, Class A1, 6.218% 6/25/2069 (7.218% on 5/1/2028) <sup>(c)(e)(f)</sup>  | 982 | 996 |
| Verus Securitization Trust, Series 24-R1, Class A1, 5.218% 9/25/2069 <sup>(c)(d)(f)</sup>  | 966 | 967 |
| Verus Securitization Trust, Series 2024-8, Class A1, 5.364% 10/25/2069 <sup>(c)(d)(f)</sup>  | 2186 | 2199 |
| Verus Securitization Trust, Series 2024-9, Class A1, 5.438% 11/25/2069 <sup>(c)(d)(f)</sup>  | 1930 | 1944 |
| Verus Securitization Trust, Series 2025-3, Class A1, 5.623% 5/25/2070 (6.623% on 4/1/2029) <sup>(c)(e)(f)</sup>  | 1750 | 1768 |
| Verus Securitization Trust, Series 2025-5, Class A1, 5.427% 6/25/2070 (6.427% on 6/1/2029) <sup>(c)(e)(f)</sup>  | 3132 | 3157 |
| Verus Securitization Trust, Series 2025-7, Class A1, 5.129% 8/25/2070 (6.129% on 8/1/2029) <sup>(c)(e)(f)</sup>  | 2823 | 2838 |
| Verus Securitization Trust, Series 2025-8, Class A1A, 4.869% 9/25/2070 (5.869% on 9/1/2029) <sup>(c)(e)(f)</sup>  | 2231 | 2230 |
|  |  | 177241 |

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Capital Group Short Duration Income ETF — Page 11 of 25

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Commercial mortgage-backed securities 7.34%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| ALA Trust, Series 2025-OANA, Class A, (1-month USD CME Term SOFR + 1.743%) 5.894% 6/15/2030 <sup>(c)(d)(f)</sup>  | USD3,550 | $3574 |
| AMSR Trust, Series 2021-SFR3, Class A, 1.476% 10/17/2038 <sup>(c)(f)</sup>  | 2477 | 2404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ARES Commercial Mortgage Trust, Series 24-IND, Class A, (1-month USD CME Term SOFR + 1.69%) 5.842% <br> 7/15/2041 <sup>(c)(d)(f)</sup>  | 447 | 449 |
| Atrium Hotel Portfolio Trust, Series 2024-ATRM, Class A, 5.409% 11/10/2029 <sup>(c)(d)(f)</sup>  | 2337 | 2385 |
| Banc of America Commercial Mortgage, Inc., Series 2015-UBS7, Class A4, 3.705% 9/15/2048 <sup>(f)</sup>  | 17 | 17 |
| Bank Commercial Mortgage Trust, Series 2017-BNK4, Class A3, 3.362% 5/15/2050 <sup>(f)</sup>  | 819 | 811 |
| Bank Commercial Mortgage Trust, Series 2017-BNK4, Class A4, 3.625% 5/15/2050 <sup>(f)</sup>  | 1127 | 1115 |
| Bank Commercial Mortgage Trust, Series 2023-5YR1, Class A3, 6.26% 4/15/2056 <sup>(d)(f)</sup>  | 133 | 138 |
| Bank Commercial Mortgage Trust, Series 2024-5YR8, Class A3, 5.884% 8/15/2057 <sup>(f)</sup>  | 430 | 452 |
| Bank Commercial Mortgage Trust, Series 2024-5YR11, Class A3, 5.893% 11/15/2057 <sup>(f)</sup>  | 2142 | 2255 |
| Bank Commercial Mortgage Trust, Series 2024-5YR12, Class A3, 5.902% 12/15/2057 <sup>(d)(f)</sup>  | 350 | 369 |
| Bank Commercial Mortgage Trust, Series 2024-5YR12, Class AS, 6.122% 12/15/2057 <sup>(d)(f)</sup>  | 166 | 173 |
| Bank Commercial Mortgage Trust, Series 2025-5YR14, Class AS, 6.072% 4/15/2058 <sup>(d)(f)</sup>  | 1227 | 1281 |
| Bank Commercial Mortgage Trust, Series 2025-5YR14, Class C, 6.463% 4/15/2058 <sup>(d)(f)</sup>  | 1403 | 1443 |
| Bank Commercial Mortgage Trust, Series 2019-BN18, Class A4, 3.584% 5/15/2062 <sup>(f)</sup>  | 414 | 397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barclays Commercial Mortgage Securities, LLC, Series 2018-TALL, Class A, ((1-month USD CME Term SOFR + <br> 0.047%) + 0.872%) 5.069% 3/15/2037 <sup>(c)(d)(f)</sup>  | 241 | 229 |
| Barclays Commercial Mortgage Securities, LLC, Series 2024-5C31, Class AS, 5.852% 12/15/2057 <sup>(f)</sup>  | 574 | 594 |
| Benchmark Mortgage Trust, Series 2018-B2, Class A5, 3.882% 2/15/2051 <sup>(d)(f)</sup>  | 305 | 301 |
| Benchmark Mortgage Trust, Series 2018-B3, Class AS, 4.195% 4/10/2051 <sup>(d)(f)</sup>  | 800 | 771 |
| Benchmark Mortgage Trust, Series 2018-B7, Class A4, 4.51% 5/15/2053 <sup>(d)(f)</sup>  | 145 | 146 |
| Benchmark Mortgage Trust, Series 2020-B19, Class A5, 1.85% 9/15/2053 <sup>(f)</sup>  | 351 | 309 |
| Benchmark Mortgage Trust, Series 2025-V14, Class AM, 6.09% 4/15/2057 <sup>(f)</sup>  | 1105 | 1157 |
| Benchmark Mortgage Trust, Series 2024-V9, Class A3, 5.602% 8/15/2057 <sup>(f)</sup>  | 845 | 878 |
| Benchmark Mortgage Trust, Series 2024-V9, Class AS, 6.064% 8/15/2057 <sup>(d)(f)</sup>  | 50 | 52 |
| Benchmark Mortgage Trust, Series 2024-V10, Class A3, 5.277% 9/15/2057 <sup>(f)</sup>  | 53 | 55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BLP Commercial Mortgage Trust, Series 2024-IND2, Class A, (1-month USD CME Term SOFR + 1.342%) 5.492% <br> 3/15/2041 <sup>(c)(d)(f)</sup>  | 992 | 995 |
| BMO Mortgage Trust, Series 2023-5C1, Class A3, 6.534% 8/15/2056 <sup>(d)(f)</sup>  | 89 | 94 |
| BMO Mortgage Trust, Series 2023-C6, Class A5, 5.956% 9/15/2056 <sup>(d)(f)</sup>  | 60 | 64 |
| BMO Mortgage Trust, Series 2024-5C3, Class AS, 6.286% 2/15/2057 <sup>(d)(f)</sup>  | 561 | 585 |
| BMO Mortgage Trust, Series 2024-5C5, Class AS, 6.364% 2/15/2057 <sup>(d)(f)</sup>  | 985 | 1036 |
| BMO Mortgage Trust, Series 2024-5C6, Class A3, 5.316% 9/15/2057 <sup>(f)</sup>  | 1784 | 1839 |
| BMO Mortgage Trust, Series 2024-5C8, Class AS, 5.94% 12/15/2057 <sup>(d)(f)</sup>  | 450 | 468 |
| BMO Mortgage Trust, Series 2025-5C9, Class A3, 5.779% 4/15/2058 <sup>(f)</sup>  | 1380 | 1449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boca Commercial Mortgage Trust, Series 2024-BOCA, Class A, (1-month USD CME Term SOFR + 1.921%) <br> 6.071% 8/15/2041 <sup>(c)(d)(f)</sup>  | 4000 | 4024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust, Series 2024-GPA3, Class A, (1-month USD CME Term SOFR + 1.293%) 5.444% <br> 12/15/2039 <sup>(c)(d)(f)</sup>  | 2015 | 2022 |
| BX Trust, Series 2024-KING, Class A, (1-month USD CME Term SOFR + 1.541%) 5.691% 5/15/2034 <sup>(c)(d)(f)</sup>  | 655 | 656 |
| BX Trust, Series 2021-VOLT, Class B, (1-month USD CME Term SOFR + 1.064%) 5.215% 9/15/2036 <sup>(c)(d)(f)</sup>  | 183 | 183 |
| BX Trust, Series 2021-ACNT, Class A, (1-month USD CME Term SOFR + 0.964%) 5.115% 11/15/2038 <sup>(c)(d)(f)</sup>  | 390 | 390 |
| BX Trust, Series 2022-AHP, Class A, (1-month USD CME Term SOFR + 0.99%) 5.14% 1/17/2039 <sup>(c)(d)(f)</sup>  | 483 | 483 |
| BX Trust, Series 2024-AIRC, Class A, (1-month USD CME Term SOFR + 1.691%) 5.842% 8/15/2039 <sup>(c)(d)(f)</sup>  | 2063 | 2070 |
| BX Trust, Series 2024-CNYN, Class A, (1-month USD CME Term SOFR + 1.442%) 5.592% 4/15/2041 <sup>(c)(d)(f)</sup>  | 1684 | 1690 |
| BX Trust, Series 2024-BIO2, Class A, 5.594% 8/13/2041 <sup>(c)(d)(f)</sup>  | 3803 | 3870 |
| BX Trust, Series 2025-BIO3, Class A, 6.138% 2/10/2042 <sup>(c)(f)</sup>  | 3361 | 3472 |
| BX Trust, Series 2025-GW, Class A, (1-month USD CME Term SOFR + 1.60%) 5.75% 7/15/2042 <sup>(c)(d)(f)</sup>  | 4000 | 4018 |
| BXP Trust, Series 2017-GM, Class A, 3.379% 6/13/2039 <sup>(c)(f)</sup>  | 887 | 867 |
| CALI Mortgage Trust, Series 24-SUN, Class A, (1-month USD CME Term SOFR + 1.89%) 6.041% 7/15/2041 <sup>(c)(d)(f)</sup>  | 454 | 456 |
| CART, Series 2024-DFW1, Class A, (1-month USD CME Term SOFR + 1.642%) 5.792% 8/15/2041 <sup>(c)(d)(f)</sup>  | 983 | 984 |
| CD Commercial Mortgage Trust, Series 2017-CD6, Class A5, 3.456% 11/13/2050 <sup>(f)</sup>  | 375 | 368 |
| Citigroup Commercial Mortgage Trust, Series 2023-PRM3, Class A, 6.36% 7/10/2028 <sup>(c)(d)(f)</sup>  | 750 | 783 |

---

Capital Group Short Duration Income ETF — Page 12 of 25

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Commercial mortgage-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class A, 6.015% 10/12/2040 <sup>(c)(d)(f)</sup>  | USD361 | $372 |
| Citigroup Commercial Mortgage Trust, Series 2016-GC36, Class A5, 3.616% 2/10/2049 <sup>(f)</sup>  | 1000 | 994 |
| Citigroup Commercial Mortgage Trust, Series 2016-GC37, Class A4, 3.31% 4/10/2049 <sup>(f)</sup>  | 270 | 269 |
| CSAIL Commercial Mortgage Trust, Series 2017-CX10, Class A4, 3.191% 11/15/2050 <sup>(f)</sup>  | 68 | 67 |
| CSAIL Commercial Mortgage Trust, Series 2017-CX10, Class A5, 3.458% 11/15/2050 <sup>(d)(f)</sup>  | 1800 | 1744 |
| DC Commercial Mortgage Trust, Series 2023-DC, Class A, 6.314% 9/12/2040 <sup>(c)(f)</sup>  | 2490 | 2581 |
| Durst Commercial Mortgage Trust, Series 2025-151, Class A, 5.317% 8/10/2042 <sup>(c)(d)(f)</sup>  | 3062 | 3125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ellington Financial Mortgage Trust, Series 2025-NQM4, Class A1A, 4.972% 9/25/2070 (5.972% on <br>8/1/2029) <sup>(c)(e)(f)</sup>  | 5667 | 5679 |
| ELM Trust 2024, Series 2024-ELM, Class A15, 5.801% 6/10/2039 <sup>(c)(d)(f)</sup>  | 1928 | 1941 |
| ELM Trust 2024, Series 2024-ELM, Class A10, 5.801% 6/10/2039 <sup>(c)(d)(f)</sup>  | 1752 | 1771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Extended Stay America Trust, Series 2021-ESH, Class A, (1-month USD CME Term SOFR + 1.194%) 5.345% <br> 7/15/2038 <sup>(c)(d)(f)</sup>  | 422 | 422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Extended Stay America Trust, Series 2021-ESH, Class B, (1-month USD CME Term SOFR + 1.494%) 5.645% <br> 7/15/2038 <sup>(c)(d)(f)</sup>  | 422 | 422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Extended Stay America Trust, Series 2025-ESH, Class A, (1-month USD CME Term SOFR + 1.30%) 5.45% <br> 10/15/2042 <sup>(c)(d)(f)</sup>  | 2322 | 2325 |
| FirstKey Homes Trust, Series 2022-SFR2, Class A, 4.145% 5/19/2039 <sup>(c)(f)</sup>  | 485 | 483 |
| FIVE Mortgage Trust, Series 2023-V1, Class A3, 5.668% 2/10/2056 <sup>(f)</sup>  | 1216 | 1247 |
| FS Commercial Trust, Series 2023-4SZN, Class A, 7.066% 11/10/2039 <sup>(c)(f)</sup>  | 808 | 827 |
| FS Trust, Series 2024-HULA, Class A, (1-month USD CME Term SOFR + 1.811%) 5.961% 8/15/2039 <sup>(c)(d)(f)</sup>  | 4000 | 4012 |
| Great Wolf Trust, Series 2024-WLF2, Class A, (1-month USD CME Term SOFR + 1.691%) 5.841% 5/15/2041 <sup>(c)(d)(f)</sup>  | 1356 | 1360 |
| GS Mortgage Securities Trust, Series 2017-GS6, Class A3, 3.433% 5/10/2050 <sup>(f)</sup>  | 454 | 447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hawaii Hotel Trust, Series 2025-MAUI, Class A, (1-month USD CME Term SOFR + 1.393%) 5.543% <br>3/15/2042 <sup>(c)(d)(f)</sup>  | 2419 | 2424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hawaii Hotel Trust, Series 2025-MAUI, Class D, (1-month USD CME Term SOFR + 2.591%) 6.741% <br>3/15/2042 <sup>(c)(d)(f)</sup>  | 1358 | 1364 |
| HTL Commercial Mortgage Trust, Series 2024-T53, Class A, 6.072% 5/10/2039 <sup>(c)(d)(f)</sup>  | 591 | 600 |
| Hudson Yards Mortgage Trust, Series 2025-SPRL, Class A, 5.649% 1/13/2040 <sup>(c)(d)(f)</sup>  | 3625 | 3750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INTOWN Mortgage Trust, Series 2025-STAY, Class A, (1-month USD CME Term SOFR + 1.35%) 5.50% <br>3/15/2042 <sup>(c)(d)(f)</sup>  | 2995 | 2999 |
| LV Trust, Series 2024-SHOW, Class A, 5.274% 10/10/2041 <sup>(c)(d)(f)</sup>  | 2549 | 2588 |
| Manhattan West Mortgage Trust, Series 2020-1MW, Class A, 2.13% 9/10/2039 <sup>(c)(f)</sup>  | 857 | 817 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class AS, 3.561% 4/15/2048 <sup>(f)</sup>  | 500 | 482 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2025-5C1, Class AS, 6.011% 3/15/2058 <sup>(f)</sup>  | 1807 | 1880 |
| Morgan Stanley Capital I Trust, Series 2015-UBS8, Class AS, 4.114% 12/15/2048 <sup>(f)</sup>  | 550 | 544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2023-01, Class M7, (30-day Average USD-SOFR + 4.00%) <br> 8.356% 11/25/2053 <sup>(c)(d)(f)</sup>  | 204 | 213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2024-01, Class M7, (30-day Average USD-SOFR + 2.75%) <br> 7.106% 7/25/2054 <sup>(c)(d)(f)</sup>  | 533 | 541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2025-01, Class M1, (30-day Average USD-SOFR + 2.40%) <br> 6.756% 5/25/2055 <sup>(c)(d)(f)</sup>  | 1082 | 1089 |
| SCG Hotel Issuer, Inc., Series 2025-SNIP, Class A, 5.75% 9/15/2042 <sup>(c)(d)(f)</sup>  | 3428 | 3443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SDR Commercial Mortgage Trust, Series 2024-DSNY, Class A, (1-month USD CME Term SOFR + 1.392%) 5.542% <br> 5/15/2039 <sup>(c)(d)(f)</sup>  | 708 | 707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SDR Commercial Mortgage Trust, Series 2024-DSNY, Class B, (1-month USD CME Term SOFR + 1.741%) 5.891% <br> 5/15/2039 <sup>(c)(d)(f)</sup>  | 486 | 485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SFO Commerical Mortgage Trust, Series 2021-555, Class A, (1-month USD CME Term SOFR + 1.264%) 5.42% <br> 5/15/2038 (1-month USD CME Term SOFR + 1.514% on 5/15/2026) <sup>(c)(e)(f)</sup>  | 1000 | 994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SFO Commerical Mortgage Trust, Series 2021-555, Class B, (1-month USD CME Term SOFR + 1.614%) 5.765% <br> 5/15/2038 <sup>(c)(d)(f)</sup>  | 362 | 359 |
| SG Commercial Mortgage Securities Trust, Series 2016-C5, Class A3, 2.779% 10/10/2048 <sup>(f)</sup>  | 742 | 737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; StorageMart Commercial Mortgage Trust, Series 2022-MINI, Class A, (1-month USD CME Term SOFR + 1.00%) <br> 5.15% 1/15/2039 <sup>(c)(d)(f)</sup>  | 500 | 500 |

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Capital Group Short Duration Income ETF — Page 13 of 25

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Commercial mortgage-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SWCH Commercial Mortgage Trust, Series 2025-DATA, Class A, (1-month USD CME Term SOFR + 1.443%) <br> 5.593% 2/15/2042 <sup>(c)(d)(f)</sup>  | USD4,783 | $4765 |
| UBS Commercial Mortgage Trust, Series 2017-C2, Class A4, 3.487% 8/15/2050 <sup>(f)</sup>  | 300 | 295 |
| Wells Fargo Commercial Mortgage Trust, Series 2025-1918, Class A, 5.575% 9/15/2040 <sup>(c)(d)(f)</sup>  | 691 | 696 |
| Wells Fargo Commercial Mortgage Trust, Series 2017-C39, Class A5, 3.418% 9/15/2050 <sup>(f)</sup>  | 505 | 494 |
| Wells Fargo Commercial Mortgage Trust, Series 2024-5C1, Class AS, 6.52% 7/15/2057 <sup>(f)</sup>  | 40 | 42 |
| Wells Fargo Commercial Mortgage Trust, Series 2024-5C2, Class A3, 5.92% 11/15/2057 <sup>(f)</sup>  | 225 | 237 |
| Wells Fargo Commercial Mortgage Trust, Series 2024-5C2, Class AS, 6.145% 11/15/2057 <sup>(d)(f)</sup>  | 358 | 376 |
| Wells Fargo Commercial Mortgage Trust, Series 2016-C33, Class A4, 3.426% 3/15/2059 <sup>(f)</sup>  | 541 | 538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WMRK Commercial Mortgage Trust, Series 2022-WMRK, Class A, (1-month USD CME Term SOFR + 2.789%) <br> 6.939% 11/15/2027 <sup>(c)(d)(f)</sup>  | 206 | 207 |
| WSTN Trust, Series 2023-MAUI, Class B, 7.018% 7/5/2037 <sup>(c)(d)(f)</sup>  | 173 | 176 |
| WSTN Trust, Series 2023-MAUI, Class C, 7.69% 7/5/2037 <sup>(c)(d)(f)</sup>  | 100 | 102 |
|  |  | 119153 |
| **Total mortgage-backed obligations** |  | 540375 |
| **Asset-backed obligations 22.21%**<br> **Auto loan 10.01%**<br>|  |  |
| American Credit Acceptance Receivables Trust, Series 2024-3, Class A, 5.76% 11/12/2027 <sup>(c)(f)</sup>  | 80 | 80 |
| American Credit Acceptance Receivables Trust, Series 2024-2, Class B, 6.10% 12/13/2027 <sup>(c)(f)</sup>  | 731 | 732 |
| American Credit Acceptance Receivables Trust, Series 2024-3, Class B, 5.66% 8/14/2028 <sup>(c)(f)</sup>  | 2092 | 2100 |
| American Credit Acceptance Receivables Trust, Series 2024-4, Class B, 4.80% 11/13/2028 <sup>(c)(f)</sup>  | 250 | 250 |
| American Credit Acceptance Receivables Trust, Series 2025-2, Class B, 4.85% 5/14/2029 <sup>(c)(f)</sup>  | 1042 | 1047 |
| American Credit Acceptance Receivables Trust, Series 2024-1, Class C, 5.63% 1/14/2030 <sup>(c)(f)</sup>  | 894 | 898 |
| American Credit Acceptance Receivables Trust, Series 2024-2, Class D, 6.53% 4/12/2030 <sup>(c)(f)</sup>  | 1820 | 1867 |
| American Credit Acceptance Receivables Trust, Series 2025-2, Class C, 5.11% 3/12/2031 <sup>(c)(f)</sup>  | 1759 | 1775 |
| American Credit Acceptance Receivables Trust, Series 2024-4, Class C, 4.91% 8/12/2031 <sup>(c)(f)</sup>  | 187 | 188 |
| American Credit Acceptance Receivables Trust, Series 2024-4, Class D, 5.34% 8/12/2031 <sup>(c)(f)</sup>  | 1431 | 1443 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1A, Class A2, 4.92% 5/15/2029 <sup>(c)(f)</sup>  | 347 | 347 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1A, Class B, 5.11% 11/17/2031 <sup>(c)(f)</sup>  | 311 | 312 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1A, Class C, 5.42% 12/15/2031 <sup>(c)(f)</sup>  | 384 | 385 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2, Class A, 2.02% 2/20/2027 <sup>(c)(f)</sup>  | 292 | 290 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2022-5, Class A, 6.12% 4/20/2027 <sup>(c)(f)</sup>  | 118 | 119 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2022-5, Class C, 6.24% 4/20/2027 <sup>(c)(f)</sup>  | 500 | 502 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-2, Class B, 6.03% 10/20/2027 <sup>(c)(f)</sup>  | 290 | 294 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-2, Class C, 6.18% 10/20/2027 <sup>(c)(f)</sup>  | 1000 | 1011 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-5, Class A, 5.78% 4/20/2028 <sup>(c)(f)</sup>  | 259 | 265 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-4A, Class D, 7.31% 6/20/2029 <sup>(c)(f)</sup>  | 289 | 296 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2025-1A, Class A, 4.80% 8/20/2029 <sup>(c)(f)</sup>  | 627 | 636 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-8A, Class D, 7.52% 2/20/2030 <sup>(c)(f)</sup>  | 770 | 786 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2024-1, Class A, 5.36% 6/20/2030 <sup>(c)(f)</sup>  | 700 | 725 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2025-2A, Class A, 5.12% 8/20/2031 <sup>(c)(f)</sup>  | 2919 | 3006 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-1, Class A3, 5.53% 1/18/2028 <sup>(f)</sup>  | 98 | 98 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-2, Class A3, 5.84% 6/15/2028 <sup>(f)</sup>  | 1251 | 1256 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-1, Class B, 5.43% 8/15/2028 <sup>(f)</sup>  | 251 | 252 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-1, Class C, 5.65% 4/16/2029 <sup>(f)</sup>  | 370 | 374 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-2, Class B, 5.94% 2/15/2030 <sup>(f)</sup>  | 2000 | 2021 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-3, Class D, 5.83% 5/15/2030 <sup>(f)</sup>  | 1441 | 1471 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-4, Class B, 4.77% 8/15/2030 <sup>(f)</sup>  | 787 | 790 |
| Bridgecrest Lending Auto Securitization Trust, Series 2025-3, Class C, 5.11% 5/15/2031 <sup>(f)</sup>  | 3000 | 3018 |
| Bridgecrest Lending Auto Securitization Trust, Series 2025-3, Class D, 5.49% 5/15/2031 <sup>(f)</sup>  | 3000 | 3018 |
| Carvana Auto Receivables Trust, Series 2023-P3, Class A3, 5.82% 8/10/2028 <sup>(c)(f)</sup>  | 134 | 135 |
| Chesapeake Funding II, LLC, Series 2023-2, Class A1, 6.16% 10/15/2035 <sup>(c)(f)</sup>  | 225 | 228 |

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Capital Group Short Duration Income ETF — Page 14 of 25

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Auto loan (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Citizens Auto Receivables Trust, Series 2023-2, Class A3, 5.83% 2/15/2028 <sup>(c)(f)</sup>  | USD419 | $422 |
| Citizens Auto Receivables Trust, Series 2023-2, Class A4, 5.74% 10/15/2030 <sup>(c)(f)</sup>  | 680 | 695 |
| CPS Auto Receivables Trust, Series 2023-C, Class B, 5.98% 6/15/2027 <sup>(c)(f)</sup>  | 128 | 128 |
| CPS Auto Receivables Trust, Series 2024-A, Class B, 5.65% 5/15/2028 <sup>(c)(f)</sup>  | 113 | 113 |
| CPS Auto Receivables Trust, Series 2023-A, Class C, 5.54% 4/16/2029 <sup>(c)(f)</sup>  | 444 | 445 |
| CPS Auto Receivables Trust, Series 2023-C, Class C, 6.27% 10/15/2029 <sup>(c)(f)</sup>  | 465 | 469 |
| CPS Auto Receivables Trust, Series 2025-B, Class B, 4.79% 11/15/2029 <sup>(c)(f)</sup>  | 1929 | 1942 |
| CPS Auto Receivables Trust, Series 2024-A, Class C, 5.74% 4/15/2030 <sup>(c)(f)</sup>  | 118 | 119 |
| CPS Auto Receivables Trust, Series 2024-A, Class D, 6.13% 4/15/2030 <sup>(c)(f)</sup>  | 100 | 102 |
| CPS Auto Trust, Series 2024-B, Class B, 6.04% 10/16/2028 <sup>(c)(f)</sup>  | 2000 | 2016 |
| CPS Auto Trust, Series 2024-B, Class C, 6.28% 7/15/2030 <sup>(c)(f)</sup>  | 2000 | 2039 |
| CPS Auto Trust, Series 2025-B, Class C, 5.12% 7/15/2031 <sup>(c)(f)</sup>  | 2629 | 2654 |
| Drive Auto Receivables Trust, Series 2024-1, Class A3, 5.35% 2/15/2028 <sup>(f)</sup>  | 219 | 219 |
| Drive Auto Receivables Trust, Series 2024-1, Class B, 5.31% 1/16/2029 <sup>(f)</sup>  | 407 | 409 |
| Drive Auto Receivables Trust, Series 2024-2, Class B, 4.52% 7/16/2029 <sup>(f)</sup>  | 1114 | 1118 |
| Drive Auto Receivables Trust, Series 2024-1, Class C, 5.43% 11/17/2031 <sup>(f)</sup>  | 723 | 733 |
| Drive Auto Receivables Trust, Series 2024-2, Class C, 4.67% 5/17/2032 <sup>(f)</sup>  | 1090 | 1095 |
| Drive Auto Receivables Trust, Series 2025-1, Class B, 4.79% 9/15/2032 <sup>(f)</sup>  | 1849 | 1864 |
| Drive Auto Receivables Trust, Series 2025-1, Class C, 4.99% 9/15/2032 <sup>(f)</sup>  | 497 | 502 |
| DriveTime Auto Owner Trust, Series 2023-1, Class C, 5.55% 10/16/2028 <sup>(c)(f)</sup>  | 722 | 724 |
| Enterprise Fleet Financing, LLC, Series 2024-1, Class A3, 5.16% 9/20/2030 <sup>(c)(f)</sup>  | 380 | 387 |
| Exeter Automobile Receivables Trust, Series 2023-1A, Class C, 5.82% 2/15/2028 <sup>(f)</sup>  | 253 | 253 |
| Exeter Automobile Receivables Trust, Series 2022-6, Class C, 6.32% 5/15/2028 <sup>(f)</sup>  | 114 | 115 |
| Exeter Automobile Receivables Trust, Series 2024-1, Class B, 5.29% 8/15/2028 <sup>(f)</sup>  | 437 | 439 |
| Exeter Automobile Receivables Trust, Series 2023-4A, Class C, 6.51% 8/15/2028 <sup>(f)</sup>  | 749 | 755 |
| Exeter Automobile Receivables Trust, Series 2023-1A, Class D, 6.69% 6/15/2029 <sup>(f)</sup>  | 240 | 245 |
| Exeter Automobile Receivables Trust, Series 2024-1, Class C, 5.41% 5/15/2030 <sup>(f)</sup>  | 355 | 359 |
| Exeter Automobile Receivables Trust, Series 2024-1, Class D, 5.84% 6/17/2030 <sup>(f)</sup>  | 574 | 587 |
| Exeter Automobile Receivables Trust, Series 2024-4A, Class B, 5.29% 8/15/2030 <sup>(f)</sup>  | 1210 | 1218 |
| Exeter Automobile Receivables Trust, Series 2024-4A, Class C, 5.48% 8/15/2030 <sup>(f)</sup>  | 423 | 427 |
| Exeter Select Automobile Receivables Trust, Series 2025-1, Class A2, 4.83% 10/16/2028 <sup>(f)</sup>  | 1062 | 1066 |
| Flagship Credit Auto Trust, Series 2023-3, Class A3, 5.44% 4/17/2028 <sup>(c)(f)</sup>  | 122 | 122 |
| Flagship Credit Auto Trust, Series 2023-3, Class B, 5.64% 7/16/2029 <sup>(c)(f)</sup>  | 399 | 403 |
| Ford Credit Auto Lease Trust, Series 2024-A, Class A3, 5.06% 5/15/2027 <sup>(f)</sup>  | 555 | 557 |
| Ford Credit Auto Lease Trust, Series 2024-A, Class A4, 5.05% 6/15/2027 <sup>(f)</sup>  | 175 | 176 |
| Ford Credit Floorplan Master Owner Trust, Series 2025-1, Class A1, 4.63% 4/15/2030 <sup>(f)</sup>  | 2077 | 2109 |
| GLS Auto Receivables Trust, Series 2023-3, Class B, 5.89% 1/18/2028 <sup>(c)(f)</sup>  | 532 | 533 |
| GLS Auto Receivables Trust, Series 2024-2, Class B, 5.77% 11/15/2028 <sup>(c)(f)</sup>  | 537 | 542 |
| GLS Auto Receivables Trust, Series 2023-3, Class C, 6.01% 5/15/2029 <sup>(c)(f)</sup>  | 151 | 152 |
| GLS Auto Receivables Trust, Series 2025-1A, Class B, 4.98% 7/16/2029 <sup>(c)(f)</sup>  | 1083 | 1095 |
| GLS Auto Receivables Trust, Series 2025-2A, Class B, 4.97% 10/15/2029 <sup>(c)(f)</sup>  | 2652 | 2681 |
| GLS Auto Receivables Trust, Series 2024-1, Class C, 5.64% 12/17/2029 <sup>(c)(f)</sup>  | 1303 | 1323 |
| GLS Auto Receivables Trust, Series 2024-1, Class D, 5.95% 12/17/2029 <sup>(c)(f)</sup>  | 837 | 858 |
| GLS Auto Receivables Trust, Series 2025-3A, Class B, 4.57% 1/15/2030 <sup>(c)(f)</sup>  | 1307 | 1313 |
| GLS Auto Receivables Trust, Series 2024-2, Class C, 6.03% 2/15/2030 <sup>(c)(f)</sup>  | 746 | 762 |
| GLS Auto Receivables Trust, Series 2025-1A, Class C, 5.07% 11/15/2030 <sup>(c)(f)</sup>  | 3000 | 3041 |
| GLS Auto Receivables Trust, Series 2025-1A, Class D, 5.61% 11/15/2030 <sup>(c)(f)</sup>  | 3000 | 3066 |
| GLS Auto Select Receivables Trust, Series 2025-1A, Class C, 5.26% 3/15/2031 <sup>(c)(f)</sup>  | 220 | 224 |
| GM Financial Revolving Receivables Trust, Series 2023-2, Class A, 5.77% 8/11/2036 <sup>(c)(f)</sup>  | 773 | 811 |
| GM Financial Revolving Receivables Trust, Series 2024-2, Class A, 4.52% 3/11/2037 <sup>(c)(f)</sup>  | 1888 | 1914 |
| GM Financial Securitized Term Auto Receivables Trust, Series 2024-1, Class A3, 4.85% 12/18/2028 <sup>(f)</sup>  | 441 | 444 |
| GM Financial Securitized Term Auto Receivables Trust, Series 2024-1, Class A4, 4.86% 6/18/2029 <sup>(f)</sup>  | 624 | 634 |
| Hertz Vehicle Financing III, LLC, Series 2023-1, Class A, 5.49% 6/25/2027 <sup>(c)(f)</sup>  | 1113 | 1120 |
| Hertz Vehicle Financing III, LLC, Series 2023-1, Class 1D, 9.13% 6/25/2027 <sup>(c)(f)</sup>  | 250 | 253 |

---

Capital Group Short Duration Income ETF — Page 15 of 25

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Auto loan (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Hertz Vehicle Financing III, LLC, Series 2022-2, Class D, 5.16% 6/26/2028 <sup>(c)(f)</sup>  | USD250 | $244 |
| Hertz Vehicle Financing, LLC, Series 2023-1A, Class B, 6.22% 6/25/2027 <sup>(c)(f)</sup>  | 2920 | 2938 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class A, 1.68% 12/27/2027 <sup>(c)(f)</sup>  | 502 | 490 |
| Hertz Vehicle Financing, LLC, Series 2023-3A, Class A, 5.94% 2/25/2028 <sup>(c)(f)</sup>  | 281 | 286 |
| Hertz Vehicle Financing, LLC, Series 2024-1A, Class A, 5.44% 1/25/2029 <sup>(c)(f)</sup>  | 1449 | 1480 |
| Hertz Vehicle Financing, LLC, Series 2024-1A, Class D, 9.22% 1/25/2029 <sup>(c)(f)</sup>  | 349 | 360 |
| Hertz Vehicle Financing, LLC, Series 2025-1A, Class A, 4.91% 9/25/2029 <sup>(c)(f)</sup>  | 1616 | 1633 |
| Hertz Vehicle Financing, LLC, Series 2025-1A, Class B, 5.45% 9/25/2029 <sup>(c)(f)</sup>  | 3709 | 3753 |
| Hertz Vehicle Financing, LLC, Series 2025-3A, Class A, 5.06% 12/26/2029 <sup>(c)(f)</sup>  | 2999 | 3048 |
| Hertz Vehicle Financing, LLC, Series 2025-3A, Class B, 5.59% 12/26/2029 <sup>(c)(f)</sup>  | 1610 | 1628 |
| Hertz Vehicle Financing, LLC, Series 2025-3A, Class C, 6.13% 12/26/2029 <sup>(c)(f)</sup>  | 1643 | 1665 |
| Hertz Vehicle Financing, LLC, Series 2025-4A, Class A, 5.41% 12/26/2031 <sup>(c)(f)</sup>  | 2000 | 2049 |
| Huntington National Bank (The), Series 2025-1, Class B, 4.957% 3/21/2033 <sup>(c)(f)</sup>  | 4042 | 4069 |
| Hyundai Auto Lease Securitization Trust, Series 2024-A, Class A3, 5.02% 3/15/2027 <sup>(c)(f)</sup>  | 890 | 892 |
| Hyundai Auto Lease Securitization Trust, Series 2024-A, Class A4, 5.07% 2/15/2028 <sup>(c)(f)</sup>  | 267 | 269 |
| LAD Auto Receivables Trust, Series 2023-1, Class C, 6.18% 12/15/2027 <sup>(c)(f)</sup>  | 273 | 275 |
| LAD Auto Receivables Trust, Series 2024-1, Class A3, 5.23% 1/18/2028 <sup>(c)(f)</sup>  | 194 | 195 |
| LAD Auto Receivables Trust, Series 2023-3, Class A4, 5.95% 3/15/2028 <sup>(c)(f)</sup>  | 318 | 320 |
| LAD Auto Receivables Trust, Series 2023-3, Class B, 6.09% 6/15/2028 <sup>(c)(f)</sup>  | 721 | 731 |
| LAD Auto Receivables Trust, Series 2023-3, Class C, 6.43% 12/15/2028 <sup>(c)(f)</sup>  | 608 | 623 |
| LAD Auto Receivables Trust, Series 2024-1, Class B, 5.33% 2/15/2029 <sup>(c)(f)</sup>  | 367 | 373 |
| LAD Auto Receivables Trust, Series 2024-1, Class C, 5.64% 6/15/2029 <sup>(c)(f)</sup>  | 444 | 454 |
| LAD Auto Receivables Trust, Series 2024-2, Class A4, 5.46% 7/16/2029 <sup>(c)(f)</sup>  | 507 | 516 |
| LAD Auto Receivables Trust, Series 2024-3A, Class B, 4.74% 1/15/2030 <sup>(c)(f)</sup>  | 410 | 414 |
| LAD Auto Receivables Trust, Series 2024-3A, Class C, 4.93% 3/15/2030 <sup>(c)(f)</sup>  | 148 | 150 |
| LAD Auto Receivables Trust, Series 2024-2, Class D, 6.37% 10/15/2031 <sup>(c)(f)</sup>  | 175 | 181 |
| Mercedes-Benz Auto Lease Trust, Series 2024-A, Class A3, 5.32% 1/18/2028 <sup>(f)</sup>  | 2385 | 2416 |
| Mercedes-Benz Auto Receivables Trust, Series 2024-1, Class A3, 4.80% 4/16/2029 <sup>(f)</sup>  | 1500 | 1511 |
| Mercedes-Benz Auto Receivables Trust, Series 2024-1, Class A4, 4.79% 7/15/2031 <sup>(f)</sup>  | 857 | 873 |
| PenFed Auto Receivables Owner Trust, Series 2025-A, Class A3, 4.03% 7/15/2030 <sup>(c)(f)</sup>  | 722 | 722 |
| Porsche Innovative Lease Owner Trust, Series 2024-1, Class A3, 4.67% 11/22/2027 <sup>(c)(f)</sup>  | 1833 | 1843 |
| Prestige Auto Receivables Trust, Series 2024-1, Class B, 5.71% 5/15/2028 <sup>(c)(f)</sup>  | 294 | 295 |
| Prestige Auto Receivables Trust, Series 2024-1, Class D, 6.21% 2/15/2030 <sup>(c)(f)</sup>  | 422 | 431 |
| Santander Drive Auto Receivables Trust, Series 2022-7, Class B, 5.95% 1/17/2028 <sup>(f)</sup>  | 13 | 13 |
| Santander Drive Auto Receivables Trust, Series 2024-1, Class A3, 5.25% 4/17/2028 <sup>(f)</sup>  | 50 | 50 |
| Santander Drive Auto Receivables Trust, Series 2023-6, Class A3, 5.93% 7/17/2028 <sup>(f)</sup>  | 215 | 216 |
| Santander Drive Auto Receivables Trust, Series 2024-1, Class B, 5.23% 12/15/2028 <sup>(f)</sup>  | 558 | 561 |
| Santander Drive Auto Receivables Trust, Series 2024-2, Class B, 5.78% 7/16/2029 <sup>(f)</sup>  | 1517 | 1541 |
| Santander Drive Auto Receivables Trust, Series 2024-4, Class B, 4.93% 9/17/2029 <sup>(f)</sup>  | 900 | 908 |
| Santander Drive Auto Receivables Trust, Series 2024-1, Class C, 5.45% 3/15/2030 <sup>(f)</sup>  | 124 | 126 |
| SBNA Auto Lease Trust, Series 2024-C, Class A3, 4.56% 2/22/2028 <sup>(c)(f)</sup>  | 878 | 881 |
| Securitized Term Auto Receivables Trust, Series 2025-A, Class B, 5.038% 7/25/2031 <sup>(c)(f)</sup>  | 292 | 295 |
| Securitized Term Auto Receivables Trust, Series 2025-A, Class C, 5.185% 7/25/2031 <sup>(c)(f)</sup>  | 933 | 942 |
| SFS Auto Receivables Securitization Trust, Series 2024-3A, Class B, 4.76% 11/20/2031 <sup>(c)(f)</sup>  | 1846 | 1874 |
| Space Coast Credit Union, Series 2025-1A, Class A2, 4.67% 11/15/2028 <sup>(c)(f)</sup>  | 3904 | 3916 |
| Space Coast Credit Union, Series 2024-1, Class A3, 5.11% 6/15/2029 <sup>(c)(f)</sup>  | 1058 | 1067 |
| Toyota Auto Receivables Owner Trust, Series 2024-A, Class A3, 4.83% 10/16/2028 <sup>(f)</sup>  | 1283 | 1292 |
| Toyota Auto Receivables Owner Trust, Series 2024-A, Class A4, 4.77% 4/16/2029 <sup>(f)</sup>  | 659 | 669 |
| Tricolor Auto Securitization Trust, Series 2025-1A, Class A, 4.94% 2/15/2029 <sup>(c)(f)(h)</sup>  | 3596 | 2651 |
| Truist Bank Auto Credit-Linked Notes, Series 2025-1, Class B, 4.728% 9/26/2033 <sup>(c)(f)</sup>  | 7647 | 7660 |
| United Auto Credit Securitization Trust, Series 2024-1, Class B, 6.57% 6/10/2027 <sup>(c)(f)</sup>  | 255 | 255 |
| United Auto Credit Securitization Trust, Series 2025-1, Class B, 5.05% 2/10/2028 <sup>(c)(f)</sup>  | 2419 | 2427 |
| United Auto Credit Securitization Trust, Series 2024-1, Class C, 7.06% 10/10/2029 <sup>(c)(f)</sup>  | 1500 | 1509 |
| VStrong Auto Receivables Trust, Series 2024-A, Class A3, 5.62% 12/15/2028 <sup>(c)(f)</sup>  | 204 | 205 |

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Capital Group Short Duration Income ETF — Page 16 of 25

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Auto loan (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Western Funding Auto Loan Trust, Series 2025-1, Class A, 4.75% 7/16/2035 <sup>(c)(f)</sup>  | USD1,947 | $1964 |
| Western Funding Auto Loan Trust, Series 2025-1, Class B, 4.98% 9/17/2035 <sup>(c)(f)</sup>  | 1019 | 1024 |
| Westlake Automobile Receivables Trust, Series 2024-1, Class A3, 5.44% 5/17/2027 <sup>(c)(f)</sup>  | 335 | 336 |
| Westlake Automobile Receivables Trust, Series 2024-1, Class B, 5.55% 11/15/2027 <sup>(c)(f)</sup>  | 748 | 753 |
| Westlake Automobile Receivables Trust, Series 2023-1, Class B, 5.41% 1/18/2028 <sup>(c)(f)</sup>  | 51 | 51 |
| Westlake Automobile Receivables Trust, Series 2023-1, Class C, 5.74% 8/15/2028 <sup>(c)(f)</sup>  | 412 | 415 |
| Westlake Automobile Receivables Trust, Series 2023-3, Class C, 6.02% 9/15/2028 <sup>(c)(f)</sup>  | 597 | 605 |
| Westlake Automobile Receivables Trust, Series 2024-1, Class C, 5.65% 2/15/2029 <sup>(c)(f)</sup>  | 523 | 529 |
| Westlake Automobile Receivables Trust, Series 2024-1, Class D, 6.02% 10/15/2029 <sup>(c)(f)</sup>  | 703 | 719 |
| Westlake Automobile Receivables Trust, Series 2025-2A, Class B, 4.63% 1/15/2031 <sup>(c)(f)</sup>  | 1176 | 1183 |
| Westlake Automobile Receivables Trust, Series 2025-2A, Class C, 4.85% 1/15/2031 <sup>(c)(f)</sup>  | 1945 | 1957 |
| Westlake Automobile Receivables Trust, Series 2025-2A, Class D, 5.08% 5/15/2031 <sup>(c)(f)</sup>  | 3000 | 3027 |
| Westlake Flooring Master Trust, Series 2024-1, Class A, 5.43% 2/15/2028 <sup>(c)(f)</sup>  | 536 | 538 |
| Wheels Fleet Lease Funding, LLC, Series 24-2A, Class A1, 4.87% 6/21/2039 <sup>(c)(f)</sup>  | 1920 | 1941 |
| Wheels Fleet Lease Funding, LLC, Series 2024-3A, Class A1, 4.80% 9/19/2039 <sup>(c)(f)</sup>  | 1328 | 1341 |
|  |  | 162375 |
| **Other asset-backed securities 8.19%** |  |  |
| ACHV ABS Trust, Series 2024-2PL, Class A, 5.07% 10/27/2031 <sup>(c)(f)</sup>  | 701 | 706 |
| ACHV ABS Trust, Series 2025-1PL, Class B, 5.04% 4/26/2032 <sup>(c)(f)</sup>  | 1613 | 1620 |
| ACHV ABS Trust, Series 2025-1PL, Class C, 5.31% 4/26/2032 <sup>(c)(f)</sup>  | 5000 | 5012 |
| Affirm Master Trust, Series 2025-3A, Class A, 4.45% 10/16/2034 <sup>(c)(f)</sup>  | 2835 | 2834 |
| Affirm, Inc., Series 2024, Class 1A, 5.61% 2/15/2029 <sup>(c)(f)</sup>  | 3000 | 3014 |
| Affirm, Inc., Series 2024-A, Class A, 5.61% 2/15/2029 <sup>(c)(f)</sup>  | 1046 | 1051 |
| Affirm, Inc., Series 2024-X2, Class A, 5.22% 12/17/2029 <sup>(c)(f)</sup>  | 311 | 311 |
| Affirm, Inc., Series 2025-X1, Class A, 5.08% 4/15/2030 <sup>(c)(f)</sup>  | 3149 | 3156 |
| APL Finance, LLC, Series 2025-1A, Class A, 4.81% 3/20/2036 <sup>(c)(f)</sup>  | 2324 | 2324 |
| Apollo Aviation Securitization Equity Trust, Series 2025-2A, Class A, 5.522% 2/16/2050 <sup>(c)(f)</sup>  | 2713 | 2747 |
| Apollo Aviation Securitization Equity Trust, Series 25-1A, Class A, 5.943% 2/16/2050 <sup>(c)(f)</sup>  | 1518 | 1555 |
| Auxilior Term Funding, LLC, Series 24-1, Class A2, 5.84% 3/15/2027 <sup>(c)(f)</sup>  | 668 | 671 |
| Bankers Healthcare Group Securitization Trust, Series 2021-A, Class A, 1.42% 11/17/2033 <sup>(c)(f)</sup>  | 153 | 152 |
| Blue Owl Asset Leasing Trust, Series 2024-1A, Class B, 5.41% 3/15/2030 <sup>(c)(f)</sup>  | 190 | 193 |
| Blue Owl Asset Leasing Trust, Series 2024-1A, Class C, 6.38% 1/15/2031 <sup>(c)(f)</sup>  | 139 | 142 |
| Capteris Equipment Finance, Series 2024-1, Class A2, 5.58% 7/20/2032 <sup>(c)(f)</sup>  | 2403 | 2444 |
| Castlelake Aircraft Securitization Trust, Series 2025-1A, Class A, 5.783% 2/15/2050 <sup>(c)(f)</sup>  | 2263 | 2301 |
| CF Hippolyta, LLC, Series 2020-1, Class A1, 1.69% 7/15/2060 <sup>(c)(f)</sup>  | 1343 | 1161 |
| CF Hippolyta, LLC, Series 2021-1, Class A1, 1.53% 3/15/2061 <sup>(c)(f)</sup>  | 1540 | 1290 |
| CFG Investments, Ltd., Series 2025-1, Class A, 6.47% 3/25/2036 <sup>(c)(f)</sup>  | 1489 | 1515 |
| CLI Funding VI, LLC, Series 2020-2A, Class A, 2.03% 9/15/2045 <sup>(c)(f)</sup>  | 297 | 278 |
| CLI Funding VIII, LLC, Series 2022-1, Class A, 2.72% 1/18/2047 <sup>(c)(f)</sup>  | 1493 | 1383 |
| Commercial Equipment Finance, Series 2024-1, Class A, 5.97% 7/16/2029 <sup>(c)(f)</sup>  | 488 | 493 |
| Crockett Partners Equipment Co. II, LLC, Series 2024-1C, Class A, 6.05% 1/20/2031 <sup>(c)(f)</sup>  | 2070 | 2101 |
| Crossroads Asset Trust, Series 2024-A, Class A2, 5.90% 8/20/2030 <sup>(c)(f)</sup>  | 698 | 708 |
| Daimler Trucks Retail Trust, Series 2024-1, Class A4, 5.56% 7/15/2031 <sup>(f)</sup>  | 1452 | 1486 |
| Dell Equipment Finance Trust, Series 2024-2, Class B, 4.82% 8/22/2030 <sup>(c)(f)</sup>  | 1992 | 2011 |
| DLLAD, LLC, Series 2024-1, Class A2, 5.50% 8/20/2027 <sup>(c)(f)</sup>  | 540 | 543 |
| DLLAD, LLC, Series 2024-1, Class A3, 5.30% 7/20/2029 <sup>(c)(f)</sup>  | 491 | 502 |
| EquipmentShare, Series 2024-2M, Class A, 5.70% 12/20/2032 <sup>(c)(f)</sup>  | 2144 | 2178 |
| Frontier Issuer, LLC, Series 2023-1, Class A2, 6.60% 8/20/2053 <sup>(c)(f)</sup>  | 3515 | 3571 |
| Global SC Finance VII SRL, Series 2020-2A, Class A, 2.26% 11/19/2040 <sup>(c)(f)</sup>  | 310 | 296 |
| Global SC Finance VII SRL, Series 2021-2A, Class A, 1.95% 8/17/2041 <sup>(c)(f)</sup>  | 724 | 680 |
| GreatAmerica Leasing Receivables Funding, LLC, Series 2025-1, Class A3, 4.49% 4/16/2029 <sup>(c)(f)</sup>  | 1805 | 1824 |
| John Deere Owner Trust, Series 2024-A, Class A3, 4.96% 11/15/2028 <sup>(f)</sup>  | 923 | 933 |
| M&T Equipment Notes, Series 2024-1, Class A3, 4.76% 8/18/2031 <sup>(c)(f)</sup>  | 2289 | 2319 |

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Capital Group Short Duration Income ETF — Page 17 of 25

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Other asset-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Merchants Fleet Funding, LLC, Series 2024-1, Class A, 5.82% 4/20/2037 <sup>(c)(f)</sup>  | USD1,887 | $1902 |
| Mercury Financial Credit Card Master Trust, Series 2024-2A, Class A, 6.56% 7/20/2029 <sup>(c)(f)</sup>  | 1638 | 1651 |
| MMP Capital, Series 2025-A, Class A, 5.36% 12/15/2031 <sup>(c)(f)</sup>  | 479 | 483 |
| MMP Capital, Series 2025-A, Class B, 5.72% 12/15/2031 <sup>(c)(f)</sup>  | 830 | 846 |
| New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class A1, 1.91% 10/20/2061 <sup>(c)(f)</sup>  | 358 | 300 |
| NMEF Funding, LLC, Series 2024-A, Class A2, 5.15% 12/15/2031 <sup>(c)(f)</sup>  | 1800 | 1814 |
| NMEF Funding, LLC, Series 2025-A, Class A2, 4.72% 7/15/2032 <sup>(c)(f)</sup>  | 2094 | 2104 |
| NMEF Funding, LLC, Series 2025-A, Class B, 5.18% 7/15/2032 <sup>(c)(f)</sup>  | 1958 | 1981 |
| NMEF Funding, LLC, Series 2025-B, Class A2, 4.64% 1/18/2033 <sup>(c)(f)</sup>  | 2539 | 2550 |
| NMEF Funding, LLC, Series 2025-B, Class B, 4.73% 1/18/2033 <sup>(c)(f)</sup>  | 3178 | 3191 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-1, Class A, 6.27% 6/17/2031 <sup>(c)(f)</sup>  | 1020 | 1027 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-2A, Class A, 4.98% 10/17/2031 <sup>(c)(f)</sup>  | 1001 | 1004 |
| OnDeck Asset Securitization Trust, LLC, Series 2025-1A, Class A, 5.08% 4/19/2032 <sup>(c)(f)</sup>  | 992 | 996 |
| OnDeck Asset Securitization Trust, LLC, Series 2025-1A, Class B, 5.52% 4/19/2032 <sup>(c)(f)</sup>  | 1015 | 1022 |
| PEAC Solutions Receivables, LLC, Series 2024-2A, Class A2, 4.74% 4/20/2027 <sup>(c)(f)</sup>  | 550 | 552 |
| PEAC Solutions Receivables, LLC, Series 2024-1A, Class A2, 5.79% 6/21/2027 <sup>(c)(f)</sup>  | 1729 | 1745 |
| PEAC Solutions Receivables, LLC, Series 2025-1A, Class A2, 4.94% 10/20/2028 <sup>(c)(f)</sup>  | 1326 | 1337 |
| PEAC Solutions Receivables, LLC, Series 2024-2A, Class A3, 4.65% 10/20/2031 <sup>(c)(f)</sup>  | 293 | 295 |
| PEAC Solutions Receivables, LLC, Series 2024-2A, Class B, 4.83% 10/20/2031 <sup>(c)(f)</sup>  | 764 | 769 |
| PFS Financing Corp., Series 2023-A, Class A, 5.80% 3/15/2028 <sup>(c)(f)</sup>  | 2000 | 2014 |
| PFS Financing Corp., Series 2024-F, Class A, 4.75% 8/15/2029 <sup>(c)(f)</sup>  | 2969 | 3008 |
| PG&E Recovery Funding, LLC, Series 2024-A, Class A1, 4.838% 6/1/2035 <sup>(f)</sup>  | 1764 | 1797 |
| PK ALIFT Loan Funding, Series 2025-2, Class A, 4.75% 3/15/2043 <sup>(c)(f)</sup>  | 901 | 903 |
| PK ALIFT Loan Funding 3, LP, Series 2024-1, Class A1, 5.842% 9/15/2039 <sup>(c)(f)</sup>  | 595 | 610 |
| PK ALIFT Loan Funding 4, LP, Series 2024-2, Class A, 5.052% 10/15/2039 <sup>(c)(f)</sup>  | 1338 | 1341 |
| Post Road Equipment Finance, Series 2025-1A, Class A2, 4.90% 5/15/2031 <sup>(c)(f)</sup>  | 894 | 902 |
| Post Road Equipment Finance, Series 2025-1A, Class B, 5.04% 5/15/2031 <sup>(c)(f)</sup>  | 1450 | 1472 |
| Post Road Equipment Finance, Series 2025-1A, Class C, 5.13% 5/15/2031 <sup>(c)(f)</sup>  | 3450 | 3506 |
| Reach Financial, LLC, Series 2024-2, Class A, 5.88% 7/15/2031 <sup>(c)(f)</sup>  | 509 | 511 |
| SCF Equipment Trust, LLC, Series 2025-1A, Class A3, 5.11% 11/21/2033 <sup>(c)(f)</sup>  | 3567 | 3655 |
| SLAM, LLC, Series 2024-1A, Class A, 5.335% 9/15/2049 <sup>(c)(f)</sup>  | 985 | 995 |
| Subway Funding, LLC, Series 2024-3, Class A2I, 5.246% 7/30/2054 <sup>(c)(f)</sup>  | 2168 | 2172 |
| Synchrony Card Issuance Trust, Series 2023-A2, Class A, 5.74% 10/15/2029 <sup>(f)</sup>  | 498 | 507 |
| Synchrony Card Issuance Trust, Series 2024-A2, Class A, 4.93% 7/15/2030 <sup>(f)</sup>  | 2835 | 2883 |
| TAL Advantage V, LLC, Series 2020-1A, Class A, 2.05% 9/20/2045 <sup>(c)(f)</sup>  | 746 | 710 |
| Textainer Marine Containers, Ltd., Series 2021-1, Class A, 1.68% 2/20/2046 <sup>(c)(f)</sup>  | 732 | 682 |
| Textainer Marine Containers, Ltd., Series 2021-2A, Class A, 2.23% 4/20/2046 <sup>(c)(f)</sup>  | 514 | 483 |
| Textainer Marine Containers, Ltd., Series 2025-1H, Class A, 6.43% 7/23/2050 <sup>(c)(f)</sup>  | 1988 | 1995 |
| Textainer Marine Containers, Ltd., Series 2025-1H, Class B, 8.06% 7/23/2050 <sup>(c)(f)</sup>  | 1007 | 1011 |
| TIF Funding II, LLC, Series 2021-1A, Class A, 1.65% 2/20/2046 <sup>(c)(f)</sup>  | 873 | 797 |
| Triton Container Finance VIII, LLC, Series 2020-1, Class A, 2.11% 9/20/2045 <sup>(c)(f)</sup>  | 862 | 809 |
| U.S. Bank National Association, Series 2025-SUP1, Class B, 5.582% 2/25/2032 <sup>(c)(f)</sup>  | 1343 | 1347 |
| U.S. Bank National Association, Series 2025-SUP2, Class B1, 4.818% 9/25/2032 <sup>(c)(f)</sup>  | 2065 | 2068 |
| Verdant Receivables, LLC, Series 2024-1, Class A2, 5.68% 12/12/2031 <sup>(c)(f)</sup>  | 507 | 517 |
| Verdant Receivables, LLC, Series 2024-1, Class C, 6.25% 12/12/2031 <sup>(c)(f)</sup>  | 164 | 170 |
| Verdant Receivables, LLC, Series 2025-1A, Class A3, 4.96% 5/12/2033 <sup>(c)(f)</sup>  | 3364 | 3426 |
| Verizon Master Trust, Series 2024-6, Class A1A, 4.17% 8/20/2030 <sup>(f)</sup>  | 1937 | 1947 |
| Verizon Master Trust, Series 2024-2, Class A, 4.83% 12/22/2031 <sup>(c)(f)</sup>  | 652 | 668 |
| Verizon Master Trust, Series 24-5, Class A, 5.00% 6/21/2032 <sup>(c)(f)</sup>  | 625 | 645 |
| Verizon Master Trust, Series 2025-4, Class A, 4.76% 3/21/2033 <sup>(c)(f)</sup>  | 2825 | 2902 |
| VFI ABS, LLC, Series 2025-1A, Class A, 4.78% 6/24/2030 <sup>(c)(f)</sup>  | 926 | 930 |
| Wingspire Equipment Finance, LLC, Series 2024-1A, Class A2, 4.99% 9/20/2032 <sup>(c)(f)</sup>  | 299 | 301 |
| Wingspire Equipment Finance, LLC, Series 2024-1A, Class B, 5.06% 9/20/2032 <sup>(c)(f)</sup>  | 667 | 673 |
| Wingspire Equipment Finance, LLC, Series 2024-1A, Class C, 5.28% 9/20/2032 <sup>(c)(f)</sup>  | 708 | 716 |

---

Capital Group Short Duration Income ETF — Page 18 of 25

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Other asset-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Wingspire Equipment Finance, LLC, Series 2025-1A, Class A2, 4.33% 9/20/2033 <sup>(c)(f)</sup>  | USD216 | $216 |
| Wingspire Equipment Finance, LLC, Series 2025-1A, Class B, 4.57% 9/20/2033 <sup>(c)(f)</sup>  | 2105 | 2105 |
| Wingspire Equipment Finance, LLC, Series 2025-1A, Class C, 4.76% 9/20/2033 <sup>(c)(f)</sup>  | 320 | 320 |
|  |  | 132788 |
| **Collateralized loan obligations 2.08%** |  |  |
| Allegro CLO, Ltd., Series 2019-1, Class ARR, (3-month USD CME Term SOFR + 1.13%) 5.455% 4/20/2032 <sup>(c)(d)(f)</sup>  | 1103 | 1103 |
| Apidos CLO, Ltd., Series 2019-32A, Class A1R, (3-month USD CME Term SOFR + 1.10%) 5.425% 1/20/2033 <sup>(c)(d)(f)</sup>  | 1156 | 1157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ballyrock, Ltd., CLO, Series 2019-2A, Class A1R, (3-month USD CME Term SOFR + 1.40%) 5.604% <br>2/20/2036 <sup>(c)(d)(f)</sup>  | 1250 | 1252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Battalion CLO, Ltd., Series 2018-12A, Class ARR, (3-month USD CME Term SOFR + 0.93%) 5.115% <br>5/17/2031 <sup>(c)(d)(f)</sup>  | 1539 | 1538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dryden Senior Loan Fund, CLO, Series 2015-37, Class AR, (3-month USD CME Term SOFR + 1.362%) 5.679% <br> 1/15/2031 <sup>(c)(d)(f)</sup>  | 83 | 83 |
| Flatiron CLO, Ltd., Series 2024-1A, Class A1R, (3-month USD CME Term SOFR + 1.08%) 5.333% 7/15/2036 <sup>(c)(d)(f)</sup>  | 2077 | 2080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Credit BSL, Ltd., CLO, Series 2019-2A, Class A1AR, (3-month USD CME Term SOFR + 1.05%) 5.375% <br> 10/20/2032 <sup>(c)(d)(f)</sup>  | 1021 | 1022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golub Capital Partners Static, Ltd., CLO, Series 2024-1, Class AR, (3-month USD CME Term SOFR + 1.12%) <br> 5.422% 7/20/2035 <sup>(c)(d)(f)</sup>  | 1500 | 1501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Juniper Valley Park CLO, Ltd., Series 2023-1, Class AR, (3-month USD CME Term SOFR + 1.25%) 5.575% <br> 7/20/2036 <sup>(c)(d)(f)</sup>  | 797 | 797 |
| LCM, LP, Series 2027, Class A1, (3-month USD CME Term SOFR + 1.342%) 5.659% 7/16/2031 <sup>(c)(d)(f)</sup>  | 119 | 119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Funding, Ltd., CLO, Series 2021-50A, Class A, (3-month USD CME Term SOFR + 1.402%) 5.727% <br> 4/19/2034 <sup>(c)(d)(f)</sup>  | 300 | 300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Magnetite CLO, Ltd., Series 2019-22, Class ARR, (3-month USD CME Term SOFR + 1.25%) 5.568% <br>7/15/2036 <sup>(c)(d)(f)</sup>  | 693 | 694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marble Point CLO, Ltd., Series 2019-1A, Class A1R2, (3-month USD CME Term SOFR + 1.04%) 5.359% <br>7/23/2032 <sup>(c)(d)(f)</sup>  | 923 | 923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palmer Square Loan Funding, Ltd., Series 2022-4A, Class A1RN, (3-month USD CME Term SOFR + 1.00%) 5.319% <br> 7/24/2031 <sup>(c)(d)(f)</sup>  | 226 | 227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palmer Square Loan Funding, Ltd., Series 2022-4A, Class A2R, (3-month USD CME Term SOFR + 1.30%) 5.619% <br> 7/24/2031 <sup>(c)(d)(f)</sup>  | 889 | 890 |
| Parallel, Ltd., Series 2023-1A, Class A1R, (3-month USD CME Term SOFR + 1.39%) 5.715% 7/20/2036 <sup>(c)(d)(f)</sup>  | 3000 | 3010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sound Point CLO, Ltd., Series 2013-3R, Class A, (3-month USD CME Term SOFR + 1.412%) 5.741% <br>4/18/2031 <sup>(c)(d)(f)</sup>  | 131 | 131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Steele Creek CLO, Ltd., Series 2019-1A, Class ARR, (3-month USD CME Term SOFR + 1.04%) 5.358% <br>4/15/2032 <sup>(c)(d)(f)</sup>  | 2245 | 2245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Steele Creek CLO, Ltd., Series 2019-2A, Class ARR, (3-month USD CME Term SOFR + 1.00%) 5.318% <br>7/15/2032 <sup>(c)(d)(f)</sup>  | 2162 | 2162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sycamore Tree CLO, Ltd., Series 2024-5, Class A1, (3-month USD CME Term SOFR + 1.42%) 5.745% <br>4/20/2036 <sup>(c)(d)(f)</sup>  | 2000 | 2004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Thompson Park CLO, Ltd., Series 2021-1A, Class A1R, (3-month USD CME Term SOFR + 1.05%) 5.368% <br> 4/15/2034 <sup>(c)(d)(f)</sup>  | 3229 | 3232 |
| Trinitas CLO, Ltd., Series 2018-9A, Class ARRR, (3-month USD CME Term SOFR + 1.20%) 5.525% 1/20/2032 <sup>(c)(d)(f)</sup>  | 798 | 798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinitas CLO, Ltd., Series 2020-12A, Class A1R2, (3-month USD CME Term SOFR + 1.05%) 5.309% <br>4/25/2033 <sup>(c)(d)(f)</sup>  | 4000 | 4011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinitas CLO, Ltd., Series 2020-12A, Class B1R2, (3-month USD CME Term SOFR + 1.55%) 5.792% <br>4/25/2033 <sup>(c)(d)(f)</sup>  | 1318 | 1322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valley Stream Park CLO, Ltd., Series 2022-1A, Class ARR, (3-month USD CME Term SOFR + 1.19%) 5.515% <br> 1/20/2037 <sup>(c)(d)(f)</sup>  | 1000 | 1000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wind River CLO, Ltd., Series 2015-1A, Class A1R3, (3-month USD CME Term SOFR + 1.20%) 5.525% <br>10/20/2030 <sup>(c)(d)(f)</sup>  | 131 | 131 |
|  |  | 33732 |

---

Capital Group Short Duration Income ETF — Page 19 of 25

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Credit card 1.52%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Avant Credit Card Master Trust, Series 2024-2A, Class A, 5.38% 5/15/2029 <sup>(c)(f)</sup>  | USD5,000 | $5012 |
| Brex Commercial Charge Card Master Trust, Series 2024-1, Class A1, 6.05% 7/15/2027 <sup>(c)(f)</sup>  | 806 | 811 |
| Evergreen Credit Card Trust, Series 2025-CRT5, Class B, 5.24% 5/15/2029 <sup>(c)(f)</sup>  | 574 | 581 |
| Evergreen Credit Card Trust, Series 2025-CRT5, Class C, 5.53% 5/15/2029 <sup>(c)(f)</sup>  | 230 | 233 |
| First National Master Note Trust, Series 2023-1, Class A, 5.13% 4/15/2029 <sup>(f)</sup>  | 592 | 595 |
| First National Master Note Trust, Series 2023-2, Class A, 5.77% 9/17/2029 <sup>(f)</sup>  | 668 | 679 |
| First National Master Note Trust, Series 2024-1, Class A, 5.34% 5/15/2030 <sup>(f)</sup>  | 2110 | 2156 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class A1, 6.20% 8/15/2029 <sup>(c)(f)</sup>  | 1212 | 1223 |
| Mission Lane Credit Card Master Trust, Series 2025-C, Class A, 4.78% 12/16/2030 <sup>(c)(f)</sup>  | 2541 | 2549 |
| Mission Lane Credit Card Master Trust, Series 2025-C, Class C, 5.37% 12/16/2030 <sup>(c)(f)</sup>  | 1200 | 1204 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class A, 5.06% 9/15/2031 <sup>(c)(f)</sup>  | 2591 | 2599 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class B, 5.21% 9/15/2031 <sup>(c)(f)</sup>  | 995 | 998 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class C, 5.41% 9/15/2031 <sup>(c)(f)</sup>  | 427 | 429 |
| World Financial Network Credit Card Master Trust, Series 2024-A, Class A, 5.47% 2/17/2031 <sup>(f)</sup>  | 2157 | 2205 |
| World Financial Network Credit Card Master Trust, Series 2024-B, Class A, 4.62% 5/15/2031 <sup>(f)</sup>  | 3374 | 3410 |
|  |  | 24684 |
| **Student loan 0.41%** |  |  |
| Navient Education Loan Trust, Series 2025-A, Class A, 5.02% 7/15/2055 <sup>(c)(f)</sup>  | 1511 | 1528 |
| Nelnet Student Loan Trust, Series 2025-AA, Class A1A, 5.07% 3/15/2057 <sup>(c)(f)</sup>  | 3691 | 3748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SMB Private Education Loan Trust, Series 2023-C, Class A1B, (30-day Average USD-SOFR + 1.55%) 5.922% <br> 11/15/2052 <sup>(c)(d)(f)</sup>  | 188 | 190 |
| SMB Private Education Loan Trust, Series 2025-A, Class A1A, 5.13% 4/15/2054 <sup>(c)(f)</sup>  | 1214 | 1237 |
|  |  | 6703 |
| **Total asset-backed obligations** |  | 360282 |
| **U.S. Treasury bonds & notes 0.72%**<br> **U.S. Treasury 0.72%**<br>|  |  |
| U.S. Treasury 3.625% 8/31/2027 <sup>(i)</sup>  | 3736 | 3736 |
| U.S. Treasury 3.50% 9/30/2027  | 6250 | 6237 |
| U.S. Treasury 3.625% 9/30/2030  | 1647 | 1639 |
|  |  | 11612 |
| **Bonds & notes of governments & government agencies outside the U.S. 0.39%**<br> **Chile 0.09%**<br>|  |  |
| Chile (Republic of) 4.85% 1/22/2029  | 1335 | 1368 |
| **Mexico 0.06%** |  |  |
| United Mexican States 5.00% 5/7/2029  | 1010 | 1030 |
| **Saudi Arabia 0.24%** |  |  |
| Saudi Arabia (Kingdom of) 4.25% 9/9/2030 <sup>(c)</sup> <br>| 3840 | 3829 |
| **Total bonds & notes of governments & government agencies outside the U.S.** |  | 6227 |
| **Total bonds, notes & other debt instruments** (cost: $1,532,561,000) |  | 1548083 |

---

Capital Group Short Duration Income ETF — Page 20 of 25

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Short-term securities 7.76%<br> **Money market investments 7.76%**<br>| Shares | Value<br> (000)<br>|
| Capital Group Central Cash Fund 4.17% <sup>(j)(k)</sup>  | 1258941 | $125894 |
| **Total short-term securities** (cost: $125,882,000) |  | 125894 |
| **Total investment securities 103.20%** (cost $1,658,443,000) |  | 1673977 |
| **Other assets less liabilities (3.20)%** |  | (51873)<br>|
| **Net assets 100.00%** |  | $1622104 |

---

Futures contracts

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 2 Year U.S. Treasury Note Futures | Long | 3519 | 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD733,354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $483 |
| 10 Year U.S. Treasury Note Futures | Short | 323 | 12/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (36338)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (142)<br>|
| 10 Year Ultra U.S. Treasury Note Futures | Short | 632 | 12/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (72729)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (780)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(439)<br>|

---

Swap contracts

------

**Interest rate swaps**

**Centrally cleared interest rate swaps** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| Rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;3.1665% | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9/18/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD56,900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1896 |

---

Capital Group Short Duration Income ETF — Page 21 of 25

------

**unaudited**

Investments in affiliates <sup>(k)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>9/30/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Short-term securities 7.76%** | **Short-term securities 7.76%** | **Short-term securities 7.76%** | **Short-term securities 7.76%** | **Short-term securities 7.76%** | **Short-term securities 7.76%** | **Short-term securities 7.76%** | **Short-term securities 7.76%** |
| **Money market investments 7.76%** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Group Central Cash Fund 4.17% <sup>(j)</sup> <br>| $60729 | &nbsp;&nbsp; $472948 | &nbsp;&nbsp; $407770 | &nbsp;&nbsp; $(16)<br>| &nbsp;&nbsp; $3 | &nbsp;&nbsp; $125894 | &nbsp;&nbsp; $2772 |

---

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

<sup>(a)</sup> Value determined using significant unobservable inputs.

<sup>(b)</sup> Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $1,772,000, which represented 0.11% of the net assets of the fund. 

<sup>(c)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $643,307,000, which represented 39.66% of the net assets of the fund. 

<sup>(d)</sup> Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. 

<sup>(e)</sup> Step bond; coupon rate may change at a later date.

<sup>(f)</sup> Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.

<sup>(g)</sup> Purchased on a TBA basis.

<sup>(h)</sup> Scheduled interest and/or principal payment was not received.

<sup>(i)</sup> All or a portion of this security was pledged as collateral. The total value of pledged collateral was $3,395,000, which represented 0.21% of the net assets of the fund. 

<sup>(j)</sup> Rate represents the seven-day yield at 9/30/2025.

<sup>(k)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

Valuation disclosures

------

Capital Research and Management Company ("CRMC"), the fund's investment adviser, values the fund's investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers. Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date.

**Methods and inputs** — The fund's investment adviser uses the following methods and inputs to establish the fair value of the fund's assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.

Equity securities, including depositary receipts, are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.

Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.

Capital Group Short Duration Income ETF — Page 22 of 25

------

**unaudited**

---

| | |
|:---|:---|
| **Fixed-income class** | **Examples of standard inputs** |
| &nbsp;&nbsp;&nbsp;&nbsp; All | &nbsp;&nbsp;&nbsp; Benchmark yields, transactions, bids, offers, quotations from dealers and <br> trading systems, new issues, spreads and other relationships observed in <br> the markets among comparable securities; and proprietary pricing <br> models such as yield measures calculated using factors such as cash flows, <br> financial or collateral performance and other reference data (collectively <br> referred to as "standard inputs")<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate bonds, notes & loans; convertible securities | Standard inputs and underlying equity of the issuer |
| &nbsp;&nbsp;&nbsp;&nbsp; Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed; asset-backed obligations | &nbsp;&nbsp;&nbsp; Standard inputs and cash flows, prepayment information, default rates, <br> delinquency and loss assumptions, collateral characteristics, credit <br> enhancements and specific deal information<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal securities | &nbsp;&nbsp;&nbsp; Standard inputs and, for certain distressed securities, cash flows or <br> liquidation values using a net present value calculation based on <br> inputs that include, but are not limited to, financial statements and debt <br> contracts<br>|

---

Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund's investment adviser. The Capital Group Central Cash Fund ("CCF"), a fund within the Capital Group Central Fund Series ("Central Funds"), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF's portfolio securities. The underlying securities are valued based on the policies and procedures in CCF's statement of additional information. Exchange-traded futures are generally valued at the official settlement price for futures on the exchange or market on which such instruments are traded, as of the close of business on the day such instruments are being valued. The average month-end notional amount of futures contracts while held was $476,314,000. Swaps are generally valued using evaluated prices obtained from third-party pricing vendors who calculate these values based on market inputs that may include the yields of the indices referenced in the instrument and the relevant curve, dealer quotes, default probabilities and recovery rates, other reference data, and terms of the contract. The average month-end notional amounts of interest rate swaps while held was $135,233,000.

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund's investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund's investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

**Processes and structure** — The fund's board of trustees has designated the fund's investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the "Committee") to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser's valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser's global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund's board and audit committee also regularly review reports that describe fair value determinations and methods.

Capital Group Short Duration Income ETF — Page 23 of 25

------

**unaudited**

**Classifications** — The fund's investment adviser classifies the fund's assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The fund's valuation levels as of September 30, 2025, were as follows (dollars in thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Investment securities | Investment securities | Investment securities | Investment securities |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, notes & other debt instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate bonds, notes & loans  | $— | $627815 | $1772 | $629587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed obligations  |  | 540375 |  | 540375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-backed obligations  |  | 360282 |  | 360282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury bonds & notes  |  | 11612 |  | 11612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds & notes of governments & government agencies <br>outside the U.S. <br>|  | 6227 |  | 6227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term securities  | 125894 |  |  | 125894 |
| Total | $125894 | $1546311 | $1772 | $1673977 |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Other investments\* | Other investments\* | Other investments\* | Other investments\* |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on futures contracts  | $483 | $— | $— | $483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on centrally cleared interest rate swaps  |  | 1896 |  | 1896 |
| **Liabilities:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on futures contracts  | (922)<br>|  |  | (922)<br>|
| Total | $(439)<br>| $1896 | $— | $1457 |

---

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

\* Futures contracts and interest rate swaps are not included in the investment portfolio.

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

---

| |
|:---|
| **Key to abbreviation(s)** |
| CLO = Collateralized Loan Obligations |
| CME = CME Group |
| SOFR = Secured Overnight Financing Rate |

---

---

| |
|:---|
| TBA = To be announced |
| USD = U.S. dollars |
| UST = U.S. Treasury |

---

Capital Group Short Duration Income ETF — Page 24 of 25

------

**unaudited**

**Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.**

**Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing.** 

**You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.**

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Capital Client Group, Inc., member FINRA.© 2025 Capital Group. All rights reserved.

ETGEFP3-307-1125

Capital Group Short Duration Income ETF — Page 25 of 25

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Capital Group Fixed Income ETF Trust

- **b. Investment Company Act file number:** 811-23738

- **c. CIK number of Registrant:** 0001870117

- **d. LEI of Registrant:** 549300E5VFNPOBZRHM30

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

  - **Street Address 1:** 6455 Irvine Center Drive

  - **City:** Irvine

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92618

  - **Telephone number:** 949-975-5000

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

- **a. Name of Series:** Capital Group Short Duration Income ETF

- **b. EDGAR series identifier (if any):** S000077687

- **c. LEI of Series:** 549300FEHF1DFHRICD05

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1691137941.11

**Total Liabilities:** $69059690.99

**Net Assets:** $1622078250.12

**Delayed Delivery Securities:** $12717741.74

**Cash Not Reported:** $1524610.64

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -6240.30000000 | **1-Year:** -97377.46000000 | **5-Year:** -105104.10000000 | **10-Year:** -30434.90000000 | **30-Year:** -16084.20000000

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

- **3-Month:** -352.31000000 | **1-Year:** -6279.79000000 | **5-Year:** -4156.48000000 | **10-Year:** -981.29000000 | **30-Year:** -410.58000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000238175 | 0.10%                | 0.99%                | 0.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $66105.19                | $-3306280.00                               |
| Month 2  | $172608.54               | $7661547.70                                |
| Month 3  | $323691.93               | $-930381.31                                |

**Designated Index Information**

- **Index Name:** Bloomberg Gov/Credit Index (1-3 yr)

- **Index Identifier:** LGC3TRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| American Credit Acceptance Receivables Trust       | American Credit Acceptance Receivables Trust 2024-4                                                                   | CUSIP: 024945AG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1431000 | PA      | $1443468.88   | 0.09%             | 2031-08-12      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                | Elevance Health Inc                                                                                                   | CUSIP: 036752BH5<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1991673.44   | 0.12%             | 2028-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                          | Towd Point Mortgage Trust 2017-6                                                                                      | CUSIP: 89175JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    257568 | PA      | $253780.21    | 0.02%             | 2057-10-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 31418FLS4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    489178 | PA      | $500079.03    | 0.03%             | 2055-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Verdant Receivables LLC                            | Verdant Receivables 2025-1 LLC                                                                                        | CUSIP: 92340GAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3364000 | PA      | $3425516.80   | 0.21%             | 2033-05-12      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                | Petroleos Mexicanos                                                                                                   | CUSIP: 71654QCK6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   3497000 | PA      | $3484580.23   | 0.21%             | 2028-02-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Global SC Finance VII SRL                          | Global SC Finance VII Srl                                                                                             | CUSIP: 37959PAG2<br>LEI: 549300JZYOMTAKV6RT73 | Long             | ABS-O            | CORP              | BB        |    724373 | PA      | $680286.18    | 0.04%             | 2041-08-17      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                               | Bank of America Corp                                                                                                  | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3385000 | PA      | $3494644.01   | 0.22%             | 2031-01-24      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust                                | DT Auto Owner Trust 2023-1                                                                                            | CUSIP: 23346KAE0<br>LEI: 549300XVMF0FUK76JG97 | Long             | ABS-O            | CORP              | US        |    721966 | PA      | $724025.64    | 0.04%             | 2028-10-16      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                                | PFS Financing Corp                                                                                                    | CUSIP: 69335PET8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2014173.60   | 0.12%             | 2028-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BX Trust                                           | BX Trust 2024-CNYN                                                                                                    | CUSIP: 05612HAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1683940 | PA      | $1690062.96   | 0.10%             | 2041-04-15      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                | Petroleos Mexicanos                                                                                                   | CUSIP: 71654QDB5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    205000 | PA      | $207229.24    | 0.01%             | 2027-01-23      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                   | Fannie Mae Connecticut Avenue Securities                                                                              | CUSIP: 20755RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1839812 | PA      | $1846748.17   | 0.11%             | 2044-09-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                | JPMorgan Chase & Co                                                                                                   | CUSIP: 46647PEA0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   8663000 | PA      | $8762707.40   | 0.54%             | 2028-01-23      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust              | Wells Fargo Commercial Mortgage Trust 2025-1918                                                                       | CUSIP: 95004QAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    691000 | PA      | $696345.30    | 0.04%             | 2040-09-15      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                    | Cigna Group/The                                                                                                       | CUSIP: 125523CT5<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    500000 | PA      | $513126.85    | 0.03%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SDR Commercial Mortgage Trust                      | SDR Commercial Mortgage Trust 2024-DSNY                                                                               | CUSIP: 811304AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    708000 | PA      | $707071.67    | 0.04%             | 2039-05-15      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| BX Trust                                           | BX Commercial Mortgage Trust 2022-AHP                                                                                 | CUSIP: 05610FAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    483000 | PA      | $482854.38    | 0.03%             | 2039-01-17      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust      | Bridgecrest Lending Auto Securitization Trust 2025-3                                                                  | CUSIP: 107920AF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3017950.50   | 0.19%             | 2031-05-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                           | Florida Power & Light Co                                                                                              | CUSIP: 341081GT8<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   1145000 | PA      | $1188867.24   | 0.07%             | 2029-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                     | CPS Auto Receivables Trust 2024-A                                                                                     | CUSIP: 22411CAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    113180 | PA      | $113454.57    | 0.01%             | 2028-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                | Southern California Edison Co                                                                                         | CUSIP: 842400HW6<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   4556000 | PA      | $4571295.45   | 0.28%             | 2026-06-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                | Freddie Mac STACR REMIC Trust 2024-DNA1                                                                               | CUSIP: 35564NAW3<br>LEI: 529900N6M839KA246662 | Long             | ABS-MBS          | USGSE             | US        |   1381938 | PA      | $1389575.44   | 0.09%             | 2044-02-25      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                                  | Magnetite XXII Ltd                                                                                                    | CUSIP: 55954HAW2<br>LEI: 5493000081NBXWGGSW23 | Long             | ABS-CBDO         | CORP              | KY        |    693000 | PA      | $693612.61    | 0.04%             | 2036-07-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Steele Creek CLO Ltd                               | Steele Creek CLO 2019-2 LTD                                                                                           | CUSIP: 85817EAU7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2162222 | PA      | $2162169.85   | 0.13%             | 2032-07-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                           | OBX 2024-NQM4 Trust                                                                                                   | CUSIP: 67118TAA2<br>LEI: 254900LSNFNEGAD7J679 | Long             | ABS-MBS          | CORP              | US        |   1200982 | PA      | $1214419.81   | 0.07%             | 2064-01-25      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| BX Trust                                           | BX Trust 2025-GW                                                                                                      | CUSIP: 12433GAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $4017770.80   | 0.25%             | 2042-07-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                | JPMorgan Chase & Co                                                                                                   | CUSIP: 46647PEY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2689000 | PA      | $2778621.65   | 0.17%             | 2031-04-22      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                           | Ford Motor Credit Co LLC                                                                                              | CUSIP: 345397E58<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    350000 | PA      | $355269.30    | 0.02%             | 2029-03-08      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Sycamore Tree CLO Ltd                              | Sycamore Tree CLO 2024-5 Ltd                                                                                          | CUSIP: 87122YAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2004008.00   | 0.12%             | 2036-04-20      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                         | GLS Auto Receivables Issuer Trust 2024-2                                                                              | CUSIP: 37964VAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    746000 | PA      | $762522.71    | 0.05%             | 2030-02-15      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| KSA IJARAH SUKUK LTD                               | KSA Ijarah Sukuk Ltd                                                                                                  | CUSIP: 50116FAA0<br>LEI: 558600OCHJOSSXHWLV71 | Long             | DBT              | NUSS              | KY        |   3840000 | PA      | $3829324.30   | 0.24%             | 2030-09-09      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                   | Trinitas CLO XII Ltd                                                                                                  | CUSIP: 89641GAY8<br>LEI: 254900G1XMKSN9WBVL66 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4010792.00   | 0.25%             | 2033-04-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                           | OBX 2023-NQM1 Trust                                                                                                   | CUSIP: 670855AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    434959 | PA      | $434758.34    | 0.03%             | 2062-11-25      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Receivables Trust       | Arivo Acceptance Auto Loan Receivables Trust 2025-1                                                                   | CUSIP: 039962AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    311000 | PA      | $312043.16    | 0.02%             | 2031-11-17      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Ondeck Asset Securitization Trust LLC              | OnDeck Asset Securitization IV LLC                                                                                    | CUSIP: 68237DAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    992000 | PA      | $995597.98    | 0.06%             | 2032-04-19      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Bank5                                              | BANK5 2024-5YR12                                                                                                      | CUSIP: 06644XBP0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    166000 | PA      | $173255.53    | 0.01%             | 2057-12-15      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                         | AbbVie Inc                                                                                                            | CUSIP: 00287YDS5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1718000 | PA      | $1757290.01   | 0.11%             | 2029-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust              | Westlake Automobile Receivables Trust 2023-1                                                                          | CUSIP: 96042XAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    412000 | PA      | $414619.91    | 0.03%             | 2028-08-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                      | Citigroup Inc                                                                                                         | CUSIP: 17327CAW3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4052257.24   | 0.25%             | 2029-03-04      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| THE CAMPBELLS COMPANY                              | Campbell's Company/The                                                                                                | CUSIP: 134429BM0<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |   4079000 | PA      | $4144249.36   | 0.26%             | 2027-03-19      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust      | Bridgecrest Lending Auto Securitization Trust 2024-2                                                                  | CUSIP: 10805MAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1251155 | PA      | $1256011.05   | 0.08%             | 2028-06-15      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust             | Santander Drive Auto Receivables Trust 2024-1                                                                         | CUSIP: 80288AAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    124000 | PA      | $125727.74    | 0.01%             | 2030-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                        | Oracle Corp                                                                                                           | CUSIP: 68389XCY9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2339026.56   | 0.14%             | 2028-08-03      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                             | Pacific Gas and Electric Co                                                                                           | CUSIP: 694308KQ9<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1465000 | PA      | $1508583.84   | 0.09%             | 2029-05-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                        | Hertz Vehicle Financing III LP                                                                                        | CUSIP: 42806MAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    502000 | PA      | $489553.26    | 0.03%             | 2027-12-27      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| FUTURES USD CITI CASH                              | FUTURES USD CITI COC                                                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   2821000 | NS      | $2821000.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCEDES-BENZ AUTO RECEIVABLES TRUST               | Mercedes-Benz Auto Receivables Trust 2024-1                                                                           | CUSIP: 587918AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1510609.50   | 0.09%             | 2029-04-16      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Fortress Credit BSL Limited                        | Fortress Credit BSL VIII Ltd                                                                                          | CUSIP: 34962DAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1021292 | PA      | $1021624.49   | 0.06%             | 2032-10-20      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                             | UnitedHealth Group Inc                                                                                                | CUSIP: 91324PFF4<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1207023.22   | 0.07%             | 2026-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                      | DTE Energy Co                                                                                                         | CUSIP: 233331BK2<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    350000 | PA      | $358767.98    | 0.02%             | 2029-03-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| STAR 2025-SFR5 Trust                               | STAR 2025-SFR5 Trust                                                                                                  | CUSIP: 85520CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    599209 | PA      | $601196.88    | 0.04%             | 2042-02-17      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                        | Extended Stay America Trust 2025-ESH                                                                                  | CUSIP: 30227TAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2322000 | PA      | $2324902.50   | 0.14%             | 2042-10-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Atrium Hotel Portfolio Trust                       | Atrium Hotel Portfolio Trust 2024-ATRM                                                                                | CUSIP: 04963XAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2337000 | PA      | $2384736.96   | 0.15%             | 2029-11-10      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| Capital Group Central Cash Fund                    | Capital Group Central Cash Fund                                                                                       | CUSIP: 14020B102<br>LEI: 549300YD0SRETB6WWP29 | Long             | EC               | RF                | US        |   1255482 | NS      | $125548185.90 | 7.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Avant Credit Card Master Trust                     | Avant Credit Card Master Trust                                                                                        | CUSIP: 05351KAK5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5012455.00   | 0.31%             | 2029-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3132DWPT4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  49958643 | PA      | $51071974.76  | 3.15%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                        | Hertz Vehicle Financing III LLC                                                                                       | CUSIP: 42806MCA5<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |    281000 | PA      | $286411.95    | 0.02%             | 2028-02-25      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                            | Goldman Sachs Group Inc/The                                                                                           | CUSIP: 38141GYG3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    290000 | PA      | $282865.38    | 0.02%             | 2027-09-10      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                   | T-Mobile USA Inc                                                                                                      | CUSIP: 87264ADA0<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    275000 | PA      | $280078.99    | 0.02%             | 2028-07-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3142GTRH1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    477610 | PA      | $488702.44    | 0.03%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust       | American Credit Acceptance Receivables Trust 2024-2                                                                   | CUSIP: 02531BAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    731130 | PA      | $731631.47    | 0.05%             | 2027-12-13      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                  | State Street Corp                                                                                                     | CUSIP: 857477DB6<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1181094.88   | 0.07%             | 2030-04-24      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                   | Deutsche Bank AG/New York NY                                                                                          | CUSIP: 251526CD9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    225000 | PA      | $213344.11    | 0.01%             | 2031-09-18      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                         | AbbVie Inc                                                                                                            | CUSIP: 00287YDR7<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   2375000 | PA      | $2403059.03   | 0.15%             | 2027-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                         | LAD Auto Receivables Trust 2024-3                                                                                     | CUSIP: 505709AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    410000 | PA      | $413626.12    | 0.03%             | 2030-01-15      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Brex Inc                                           | Brex Commercial Charge Card Master Trust                                                                              | CUSIP: 05601DAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    806000 | PA      | $811140.18    | 0.05%             | 2027-07-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Western Funding Auto Loan Trust                    | Western Funding Auto Loan Trust 2025-1                                                                                | CUSIP: 958250AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1947000 | PA      | $1963928.68   | 0.12%             | 2035-07-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Juniper Valley Park CLO, Ltd                       | Juniper Valley Park CLO Ltd                                                                                           | CUSIP: 48206KAQ9<br>LEI: 213800ACSV8GAJ4CCO70 | Long             | ABS-CBDO         | CORP              | JE        |    797000 | PA      | $797000.00    | 0.05%             | 2036-07-20      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                           | Sumitomo Mitsui Financial Group Inc                                                                                   | CUSIP: 86562MDB3<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   1464000 | PA      | $1530666.31   | 0.09%             | 2028-07-13      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                               | Royal Bank of Canada                                                                                                  | CUSIP: 78017FZT3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1700000 | PA      | $1720407.91   | 0.11%             | 2030-10-18      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Bank5                                              | BANK5 2025-5YR14                                                                                                      | CUSIP: 06604MAH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1403000 | PA      | $1443059.86   | 0.09%             | 2058-04-15      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                           | Ford Motor Credit Co LLC                                                                                              | CUSIP: 345397F81<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    649000 | PA      | $651346.95    | 0.04%             | 2026-11-05      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ARES Commercial Mortgage Trust                     | ARES Commercial Mortgage Trust 2024-IND                                                                               | CUSIP: 03990DAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    447000 | PA      | $448738.96    | 0.03%             | 2041-07-15      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                             | NextEra Energy Capital Holdings Inc                                                                                   | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1668261.79   | 0.10%             | 2027-09-01      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                                     | ACHV ABS Trust 2025-1PL                                                                                               | CUSIP: 00112MAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5012157.00   | 0.31%             | 2032-04-26      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                         | LAD Auto Receivables Trust 2024-2                                                                                     | CUSIP: 505920AD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    507000 | PA      | $516096.49    | 0.03%             | 2029-07-16      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                             | PNC Financial Services Group Inc/The                                                                                  | CUSIP: 693475BL8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   5010000 | PA      | $5015871.22   | 0.31%             | 2027-01-26      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                     | Consumer Portfolio Services Auto Trust 2025-B                                                                         | CUSIP: 12630SAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2629000 | PA      | $2653615.59   | 0.16%             | 2031-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                           | Celanese US Holdings LLC                                                                                              | CUSIP: 15089QAW4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   2016000 | PA      | $2093778.63   | 0.13%             | 2028-11-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                             | Philip Morris International Inc                                                                                       | CUSIP: 718172DF3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3029070.84   | 0.19%             | 2027-02-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                | American Express Co                                                                                                   | CUSIP: 025816EF2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1028506.68   | 0.06%             | 2031-04-25      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                                 | Tricon Residential 2024-SFR3 Trust                                                                                    | CUSIP: 89616YAA2<br>LEI: 549300Z2X1L1L3MID765 | Long             | ABS-O            | CORP              | US        |   2237600 | PA      | $2235732.08   | 0.14%             | 2041-08-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Space Coast Credit Union                           | SCCU Auto Receivables Trust 2025-1                                                                                    | CUSIP: 80620BAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3904000 | PA      | $3915791.45   | 0.24%             | 2028-11-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                | Freddie Mac STACR REMIC Trust 2024-DNA2                                                                               | CUSIP: 35564NCW1<br>LEI: 529900GRKKKHILZX4347 | Long             | ABS-MBS          | USGSE             | US        |   1912882 | PA      | $1923580.66   | 0.12%             | 2044-05-25      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| ATLX Trust                                         | ATLX 2024-RPL1 Trust                                                                                                  | CUSIP: 049915AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2805667 | PA      | $2725134.29   | 0.17%             | 2064-04-25      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust       | American Credit Acceptance Receivables Trust 2024-4                                                                   | CUSIP: 024945AC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250376.40    | 0.02%             | 2028-11-13      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                            | Hyundai Capital America                                                                                               | CUSIP: 44891ACX3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    575000 | PA      | $583022.70    | 0.04%             | 2027-03-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Exeter Select Automobile Receivables Trust         | Exeter Select Automobile Receivables Trust 2025-1                                                                     | CUSIP: 30185AAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1062344 | PA      | $1066249.02   | 0.07%             | 2028-10-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust      | Bridgecrest Lending Auto Securitization Trust 2024-1                                                                  | CUSIP: 107933AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     98398 | PA      | $98475.69     | 0.01%             | 2028-01-18      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                     | Home Depot Inc/The                                                                                                    | CUSIP: 437076CZ3<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1034354.57   | 0.06%             | 2026-06-25      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| M&T Equipment Notes                                | M&T Equipment 2024-LEAF1 Notes                                                                                        | CUSIP: 55376YAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2289000 | PA      | $2318907.39   | 0.14%             | 2031-08-18      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust                              | Arroyo Mortgage Trust 2019-1                                                                                          | CUSIP: 042859AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     58982 | PA      | $57644.38     | 0.00%             | 2049-01-25      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                    | BRAVO Residential Funding Trust 2023-NQM8                                                                             | CUSIP: 10567MAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1570788 | PA      | $1589173.90   | 0.10%             | 2063-10-25      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                        | Hertz Vehicle Financing III LLC                                                                                       | CUSIP: 42806MBS7<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   1113000 | PA      | $1119855.86   | 0.07%             | 2027-06-25      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| Allegro CLO Ltd                                    | Allegro CLO X Ltd                                                                                                     | CUSIP: 01750FAS5<br>LEI: 254900MQVJ2U7KN3HP03 | Long             | ABS-CBDO         | CORP              | KY        |   1102669 | PA      | $1103179.31   | 0.07%             | 2032-04-20      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                         | Verus Securitization Trust 2024-8                                                                                     | CUSIP: 92540PAA6<br>LEI: 213800RZ8QGNZ38DSP77 | Long             | ABS-MBS          | CORP              | US        |   2185875 | PA      | $2199153.26   | 0.14%             | 2069-10-25      | Variable      | 5.36%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                           | Microchip Technology Inc                                                                                              | CUSIP: 595017BK9<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   4831000 | PA      | $4902946.73   | 0.30%             | 2028-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BX Trust                                           | BX Commercial Mortgage Trust 2024-BIO2                                                                                | CUSIP: 05613GAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3803000 | PA      | $3870329.45   | 0.24%             | 2041-08-13      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                   | T-Mobile USA Inc                                                                                                      | CUSIP: 87264ABR5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   4782000 | PA      | $4745048.34   | 0.29%             | 2026-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                         | LAD Auto Receivables Trust 2023-3                                                                                     | CUSIP: 50168BAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    721000 | PA      | $730803.58    | 0.05%             | 2028-06-15      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| NMEF Funding LLC                                   | NMEF Funding 2025-B LLC                                                                                               | CUSIP: 62919WAB5<br>LEI: 549300LKWL3P0UPHKL72 | Long             | ABS-O            | CORP              | US        |   2539000 | PA      | $2550433.62   | 0.16%             | 2033-01-18      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                        | Truist Bank                                                                                                           | CUSIP: 89788JAE9<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    450000 | PA      | $451042.75    | 0.03%             | 2027-05-20      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 3140QTN62<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     61666 | PA      | $63363.24     | 0.00%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WILLIS NORTH AMERICA INC                           | Willis North America Inc                                                                                              | CUSIP: 970648AL5<br>LEI: 5493004KVU1HWZCP0C66 | Long             | DBT              | CORP              | US        |   1340000 | PA      | $1351013.81   | 0.08%             | 2027-06-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                  | Brown & Brown Inc                                                                                                     | CUSIP: 115236AK7<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2129888.31   | 0.13%             | 2030-06-23      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                       | Synopsys Inc                                                                                                          | CUSIP: 871607AB3<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   3950000 | PA      | $3994897.99   | 0.25%             | 2028-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL                             | Mondelez International Inc                                                                                            | CUSIP: 609207BG9<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1765244.76   | 0.11%             | 2030-05-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust      | Bridgecrest Lending Auto Securitization Trust 2024-1                                                                  | CUSIP: 107933AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    251000 | PA      | $251737.94    | 0.02%             | 2028-08-15      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                                     | ACHV ABS TRUST 2024-2PL                                                                                               | CUSIP: 00092HAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    701304 | PA      | $705815.45    | 0.04%             | 2031-10-27      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust              | Westlake Automobile Receivables Trust 2024-1                                                                          | CUSIP: 96043RAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    335385 | PA      | $335920.14    | 0.02%             | 2027-05-17      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                | Citigroup Commercial Mortgage Trust 2023-PRM3                                                                         | CUSIP: 17331LAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $783038.10    | 0.05%             | 2028-07-10      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                     | Morgan Stanley                                                                                                        | CUSIP: 61747YFS9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2060000 | PA      | $2111715.02   | 0.13%             | 2030-07-19      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                         | Affirm Asset Securitization Trust 2024-X2                                                                             | CUSIP: 00833QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    310739 | PA      | $311034.67    | 0.02%             | 2029-12-17      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                       | NiSource Inc                                                                                                          | CUSIP: 65473PAS4<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    475000 | PA      | $490143.11    | 0.03%             | 2029-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                               | Bank of America Corp                                                                                                  | CUSIP: 06051GLG2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1572000 | PA      | $1611591.72   | 0.10%             | 2029-04-25      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Space Coast Credit Union                           | SCCU Auto Receivables Trust 2024-1                                                                                    | CUSIP: 78436RAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1058000 | PA      | $1066921.16   | 0.07%             | 2029-06-15      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3132DTZG8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2886726 | PA      | $2951724.74   | 0.18%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust       | American Credit Acceptance Receivables Trust 2024-3                                                                   | CUSIP: 02490BAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2092000 | PA      | $2100376.37   | 0.13%             | 2028-08-14      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Bank                                               | BANK 2017-BNK4                                                                                                        | CUSIP: 06541FAZ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    819464 | PA      | $810866.66    | 0.05%             | 2050-05-15      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                   | Duke Energy Corp                                                                                                      | CUSIP: 26441CBV6<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1830000 | PA      | $1831859.52   | 0.11%             | 2025-12-08      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                | Freddie Mac STACR Debt Notes 2015-DNA3                                                                                | CUSIP: 3137G0GW3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     40994 | PA      | $41111.75     | 0.00%             | 2028-04-25      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                      | Citigroup Inc                                                                                                         | CUSIP: 172967LD1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199224.62    | 0.01%             | 2028-01-10      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                         | MFA 2025-NQM3 Trust                                                                                                   | CUSIP: 58004LAA5<br>LEI: 2549007EHG79GWD49I44 | Long             | ABS-MBS          | CORP              | US        |   1987015 | PA      | $2005288.94   | 0.12%             | 2070-08-25      | Variable      | 5.26%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3133WMW73<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    729611 | PA      | $754337.79    | 0.05%             | 2040-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                           | OBX 2025-NQM3 Trust                                                                                                   | CUSIP: 67448YAC8<br>LEI: 254900MBGY6CR10DAX67 | Long             | ABS-MBS          | CORP              | US        |   3358927 | PA      | $3395854.24   | 0.21%             | 2064-12-01      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| Blue Owl Asset Leasing Trust                       | Blue Owl Asset Leasing Trust 2024-1 LLC                                                                               | CUSIP: 095921AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $192511.69    | 0.01%             | 2030-03-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                | Exeter Automobile Receivables Trust 2023-1                                                                            | CUSIP: 30168BAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    240000 | PA      | $244571.18    | 0.02%             | 2029-06-15      | Fixed         | 6.69%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                   | Deutsche Bank AG/New York NY                                                                                          | CUSIP: 251526CX5<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    475000 | PA      | $481941.63    | 0.03%             | 2030-09-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                              | Aon North America Inc                                                                                                 | CUSIP: 03740MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5085000 | PA      | $5157792.74   | 0.32%             | 2027-03-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                         | Flagship Credit Auto Trust 2023-3                                                                                     | CUSIP: 33846BAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    121792 | PA      | $122209.17    | 0.01%             | 2028-04-17      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                     | CFMT 2024-HB15 LLC                                                                                                    | CUSIP: 15723AAB7<br>LEI: 98450050957GF5E1CD92 | Long             | ABS-MBS          | CORP              | US        |    485000 | PA      | $477754.63    | 0.03%             | 2034-08-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                | American Express Co                                                                                                   | CUSIP: 025816DL0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   2587000 | PA      | $2591448.35   | 0.16%             | 2026-10-30      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                         | LAD Auto Receivables Trust 2023-1                                                                                     | CUSIP: 505710AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    273000 | PA      | $274695.28    | 0.02%             | 2027-12-15      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust                                   | GWT 2024-WLF2                                                                                                         | CUSIP: 362414AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1356000 | PA      | $1360335.54   | 0.08%             | 2041-05-15      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| HCA INC                                            | HCA Inc                                                                                                               | CUSIP: 404119CY3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3208621.00   | 0.20%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| World Financial Network Credit Card Master Trust   | World Financial Network Credit Card Master Note Trust 2024-B                                                          | CUSIP: 981464HU7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3374000 | PA      | $3409722.56   | 0.21%             | 2031-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                            | Arthur J Gallagher & Co                                                                                               | CUSIP: 04316JAK5<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |   4840000 | PA      | $4889494.37   | 0.30%             | 2027-12-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                | Exeter Automobile Receivables Trust 2022-6                                                                            | CUSIP: 30168AAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    114470 | PA      | $114949.42    | 0.01%             | 2028-05-15      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| SDR Commercial Mortgage Trust                      | SDR Commercial Mortgage Trust 2024-DSNY                                                                               | CUSIP: 811304AE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    486000 | PA      | $485497.04    | 0.03%             | 2039-05-15      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust      | Bridgecrest Lending Auto Securitization Trust 2025-3                                                                  | CUSIP: 107920AE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3017750.10   | 0.19%             | 2031-05-15      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                     | Cascade Funding Mortgage Trust 2024-RM5                                                                               | CUSIP: 147275AA9<br>LEI: 984500AB3AED98FEEV98 | Long             | ABS-MBS          | CORP              | US        |   3047088 | PA      | $2995443.02   | 0.18%             | 2054-10-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Lease Trust                              | SBNA Auto Lease Trust 2024-C                                                                                          | CUSIP: 78398DAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    878000 | PA      | $880742.26    | 0.05%             | 2028-02-22      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust       | American Credit Acceptance Receivables Trust 2025-2                                                                   | CUSIP: 024938AE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1759000 | PA      | $1774753.25   | 0.11%             | 2031-03-12      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                         | LAD Auto Receivables Trust 2024-1                                                                                     | CUSIP: 501689AF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    444000 | PA      | $454415.26    | 0.03%             | 2029-06-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                            | Hyundai Capital America                                                                                               | CUSIP: 44891ADM6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    900000 | PA      | $924677.65    | 0.06%             | 2030-01-08      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                        | Hertz Vehicle Financing III LLC                                                                                       | CUSIP: 42806MBT5<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   2920000 | PA      | $2938182.84   | 0.18%             | 2027-06-25      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd                                 | THL Credit Wind River 2015-1 CLO Ltd                                                                                  | CUSIP: 97316XAA0<br>LEI: 549300H4V7OE3OL7II20 | Long             | ABS-CBDO         | CORP              | KY        |    131159 | PA      | $131156.13    | 0.01%             | 2030-10-20      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust      | Bridgecrest Lending Auto Securitization Trust 2024-1                                                                  | CUSIP: 107933AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    370000 | PA      | $374007.40    | 0.02%             | 2029-04-16      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust       | American Credit Acceptance Receivables Trust 2025-2                                                                   | CUSIP: 024938AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1042000 | PA      | $1047064.12   | 0.06%             | 2029-05-14      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                           | Ford Motor Credit Co LLC                                                                                              | CUSIP: 345397D59<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    350000 | PA      | $365536.54    | 0.02%             | 2028-11-07      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                                | Sherwin-Williams Co/The                                                                                               | CUSIP: 824348BU9<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2010601.84   | 0.12%             | 2028-08-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                           | OBX 2024-NQM10 Trust                                                                                                  | CUSIP: 67119MAA6<br>LEI: 25490010LUJWFEUCIH44 | Long             | ABS-MBS          | CORP              | US        |   2313578 | PA      | $2345116.00   | 0.14%             | 2064-05-25      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                         | PacifiCorp                                                                                                            | CUSIP: 695114DB1<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    405000 | PA      | $415584.38    | 0.03%             | 2029-02-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                   | Trinitas Clo IX Ltd                                                                                                   | CUSIP: 89641JAW6<br>LEI: 549300QFERVNPGSISO16 | Long             | ABS-CBDO         | CORP              | KY        |    798221 | PA      | $798263.99    | 0.05%             | 2032-01-20      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trust                    | Prestige Auto Receivables Trust 2024-1                                                                                | CUSIP: 74113QAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    294254 | PA      | $295029.49    | 0.02%             | 2028-05-15      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                             | General Motors Financial Co Inc                                                                                       | CUSIP: 37045XEF9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   5377000 | PA      | $5407523.24   | 0.33%             | 2026-04-06      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                       | CaixaBank SA                                                                                                          | CUSIP: 12803RAG9<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    290000 | PA      | $300898.04    | 0.02%             | 2030-03-15      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| DLLAD LLC                                          | Dllad 2024-1 LLC                                                                                                      | CUSIP: 23346MAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    491000 | PA      | $501832.44    | 0.03%             | 2029-07-20      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                              | Toronto-Dominion Bank/The                                                                                             | CUSIP: 89115A3E0<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   2150000 | PA      | $2188194.66   | 0.13%             | 2028-01-31      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC                               | Waste Management Inc                                                                                                  | CUSIP: 94106LCC1<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1531245.71   | 0.09%             | 2030-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                     | Morgan Stanley Capital I Trust 2015-UBS8                                                                              | CUSIP: 61691ABN2<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |    550000 | PA      | $544184.74    | 0.03%             | 2048-12-15      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                           | Charter Communications Operating LLC / Charter Communications Operating Capital                                       | CUSIP: 161175CQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2581000 | PA      | $2708966.37   | 0.17%             | 2029-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 3140YXZG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    161747 | PA      | $165624.68    | 0.01%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Notes                                                                                                   | CUSIP: 91282CPB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4641000 | PA      | $4631391.74   | 0.29%             | 2027-09-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                             | Bank of New York Mellon Corp/The                                                                                      | CUSIP: 06406RBV8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    178000 | PA      | $182945.65    | 0.01%             | 2030-03-14      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                   | Fannie Mae Connecticut Avenue Securities                                                                              | CUSIP: 20753UAF7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    995000 | PA      | $1020695.78   | 0.06%             | 2044-01-25      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3142GRQ29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1491163 | PA      | $1527890.35   | 0.09%             | 2054-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REPSOL E&P CAP MARKETS                             | Repsol E&P Capital Markets US LLC                                                                                     | CUSIP: 76026AAA5<br>LEI: 894500D0J12FRZ3Q0M15 | Long             | DBT              | CORP              | US        |    630000 | PA      | $632935.68    | 0.04%             | 2028-09-16      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| EquipmentShare                                     | Crockett Partners Equipment Co IIA LLC                                                                                | CUSIP: 22689LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2069758 | PA      | $2100781.32   | 0.13%             | 2031-01-20      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                   | Fannie Mae Connecticut Avenue Securities                                                                              | CUSIP: 20754GAA8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    519897 | PA      | $519755.69    | 0.03%             | 2044-02-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                      | Citigroup Inc                                                                                                         | CUSIP: 172967QA2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3138000 | PA      | $3198568.36   | 0.20%             | 2031-05-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                  | NatWest Group PLC                                                                                                     | CUSIP: 639057AL2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   5040000 | PA      | $5135522.72   | 0.32%             | 2028-03-01      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Navient Education Loan Trust                       | Navient Education Loan Trust 2025-A                                                                                   | CUSIP: 63943EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1511186 | PA      | $1527772.32   | 0.09%             | 2055-07-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| World Financial Network Credit Card Master Trust   | World Financial Network Credit Card Master Trust                                                                      | CUSIP: 981464HR4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2157000 | PA      | $2204943.64   | 0.14%             | 2031-02-15      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 3140A1FR3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     28645 | PA      | $29315.50     | 0.00%             | 2053-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                            | Bristol-Myers Squibb Co                                                                                               | CUSIP: 110122EE4<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   2350000 | PA      | $2381643.69   | 0.15%             | 2027-02-22      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                         | Verus Securitization Trust 2023-4                                                                                     | CUSIP: 92539TAA1<br>LEI: 2138008DC17PCNG48R87 | Long             | ABS-MBS          | CORP              | US        |    676745 | PA      | $679221.33    | 0.04%             | 2068-05-25      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                         | GLS Auto Receivables Issuer Trust 2025-1                                                                              | CUSIP: 36271KAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3065728.80   | 0.19%             | 2030-11-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                              | Toronto-Dominion Bank/The                                                                                             | CUSIP: 89115A3A8<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   4520000 | PA      | $4545961.25   | 0.28%             | 2026-12-17      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC                                | Reach ABS Trust 2024-2                                                                                                | CUSIP: 75525HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    508507 | PA      | $511192.57    | 0.03%             | 2031-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                | Exeter Automobile Receivables Trust 2023-1                                                                            | CUSIP: 30168BAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    252716 | PA      | $253132.76    | 0.02%             | 2028-02-15      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Notes                                                                                                   | CUSIP: 91282CNV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5409700 | PA      | $5409911.25   | 0.33%             | 2027-08-31      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                | Freddie Mac Stacr Remic Trust 2025-Dna3                                                                               | CUSIP: 35564UAQ0<br>LEI: 5299009HC4IGFM6RXF30 | Long             | ABS-MBS          | USGSE             | US        |   1986000 | PA      | $1992206.25   | 0.12%             | 2045-09-25      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                       | CaixaBank SA                                                                                                          | CUSIP: 12803RAA2<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    125000 | PA      | $130031.10    | 0.01%             | 2029-01-18      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                | Fifth Third Bancorp                                                                                                   | CUSIP: 316773DM9<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    184000 | PA      | $187034.28    | 0.01%             | 2030-09-06      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                       | Drive Auto Receivables Trust 2024-1                                                                                   | CUSIP: 26208WAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    407000 | PA      | $409108.14    | 0.03%             | 2029-01-16      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                   | SMB Private Education Loan Trust 2025-A                                                                               | CUSIP: 83207EAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1213675 | PA      | $1237087.61   | 0.08%             | 2054-04-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                             | US 2YR NOTE (CBT) DEC25                                                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      3194 | NC      | $473379.52    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN & BROWN INC                                  | Brown & Brown Inc                                                                                                     | CUSIP: 115236AH4<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   3100000 | PA      | $3117312.82   | 0.19%             | 2026-12-23      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                | JPMorgan Chase & Co                                                                                                   | CUSIP: 46647PEQ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   5180000 | PA      | $5242045.11   | 0.32%             | 2030-10-22      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust              | Mission Lane Credit Card Master Trust                                                                                 | CUSIP: 60510MBV9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    995000 | PA      | $998368.08    | 0.06%             | 2031-09-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                            | Arthur J Gallagher & Co                                                                                               | CUSIP: 04316JAL3<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1429738.04   | 0.09%             | 2029-12-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                           | AT&T Inc                                                                                                              | CUSIP: 00206RML3<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   7270000 | PA      | $7185614.64   | 0.44%             | 2026-03-25      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER HOUSTON                           | CenterPoint Energy Houston Electric LLC                                                                               | CUSIP: 15189XBD9<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |    250000 | PA      | $258066.97    | 0.02%             | 2028-10-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                | Southern California Edison Co                                                                                         | CUSIP: 842400HY2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    185000 | PA      | $190918.81    | 0.01%             | 2028-10-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Multifamily Connecticut Avenue Securities          | Multifamily Connecticut Avenue Securities Trust 2023-01                                                               | CUSIP: 62548NAA6<br>LEI: 254900JAK6X5OPMD5925 | Long             | ABS-MBS          | CORP              | US        |    204003 | PA      | $212931.27    | 0.01%             | 2053-11-25      | Floating      | 8.36%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                                 | Tricon Residential 2024-SFR2 Trust                                                                                    | CUSIP: 89616VAA8<br>LEI: 549300Z2X1L1L3MID765 | Long             | ABS-O            | CORP              | US        |   1371343 | PA      | $1376486.38   | 0.08%             | 2040-06-17      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                          | Uniform Mortgage-Backed Security, TBA                                                                                 | CUSIP: 01F0524A7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    492000 | PA      | $502877.54    | 0.03%             | 2039-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                   | Fannie Mae Connecticut Avenue Securities                                                                              | CUSIP: 207932AA2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    984182 | PA      | $1007515.16   | 0.06%             | 2042-12-25      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| BX Trust                                           | BX 2025-BIO3 Mortgage Trust                                                                                           | CUSIP: 123911AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3361000 | PA      | $3471899.56   | 0.21%             | 2042-02-10      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                       | Broadcom Inc                                                                                                          | CUSIP: 11135FCB5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1005243.30   | 0.06%             | 2030-02-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                               | Lockheed Martin Corp                                                                                                  | CUSIP: 539830BU2<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    515000 | PA      | $515064.45    | 0.03%             | 2025-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3132DWMB6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2259888 | PA      | $2311455.17   | 0.14%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                             | GE HealthCare Technologies Inc                                                                                        | CUSIP: 36266GAA5<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    159000 | PA      | $162237.02    | 0.01%             | 2029-08-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust              | Mission Lane Credit Card Master Trust                                                                                 | CUSIP: 60510MBU1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2591000 | PA      | $2598504.57   | 0.16%             | 2031-09-15      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| Constellation Brands Inc                           | Constellation Brands Inc                                                                                              | CUSIP: 21036PBB3<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |   2491000 | PA      | $2490333.11   | 0.15%             | 2025-11-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3133CNCP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    485064 | PA      | $491855.26    | 0.03%             | 2054-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Notes                                                                                                   | CUSIP: 91282CPA3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1436000 | PA      | $1428763.92   | 0.09%             | 2030-09-30      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BK/NY                           | National Australia Bank Ltd/New York                                                                                  | CUSIP: 632525CA7<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |   1050000 | PA      | $1062344.29   | 0.07%             | 2027-10-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                   | Fannie Mae Connecticut Avenue Securities                                                                              | CUSIP: 20754EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    259984 | PA      | $260874.22    | 0.02%             | 2043-07-25      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| Daimler Trucks Retail Trust                        | Daimler Trucks Retail Trust 2024-1                                                                                    | CUSIP: 233874AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1452000 | PA      | $1485522.32   | 0.09%             | 2031-07-15      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| Securitized Term Auto Receivables Trust            | Securitized Term Auto Receivables Trust                                                                               | CUSIP: 81378RAB0<br>LEI: 254900DVX7EZK9JMUP63 | Long             | ABS-O            | CORP              | CA        |    292011 | PA      | $294868.79    | 0.02%             | 2031-07-25      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                            | Hyundai Capital America                                                                                               | CUSIP: 44891ACN5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    275000 | PA      | $287720.52    | 0.02%             | 2028-09-21      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                                       | Stryker Corp                                                                                                          | CUSIP: 863667BK6<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2638480.52   | 0.16%             | 2028-02-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Conagra Brands Inc                                 | Conagra Brands Inc                                                                                                    | CUSIP: 205887CB6<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |   2518000 | PA      | $2517282.29   | 0.16%             | 2025-11-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                     | CPS Auto Receivables Trust 2023-A                                                                                     | CUSIP: 12664LAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    444235 | PA      | $444951.09    | 0.03%             | 2029-04-16      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 3140YXQV6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     51306 | PA      | $52615.39     | 0.00%             | 2054-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust             | Santander Drive Auto Receivables Trust 2024-4                                                                         | CUSIP: 802919AD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $907697.61    | 0.06%             | 2029-09-17      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Bank                                               | BANK 2017-BNK4                                                                                                        | CUSIP: 06541FBA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1127000 | PA      | $1114871.00   | 0.07%             | 2050-05-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Western Funding Auto Loan Trust                    | Western Funding Auto Loan Trust 2025-1                                                                                | CUSIP: 958250AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1019000 | PA      | $1024338.85   | 0.06%             | 2035-09-17      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Bank5                                              | BANK5 2025-5YR14                                                                                                      | CUSIP: 06604MAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1227000 | PA      | $1281174.63   | 0.08%             | 2058-04-15      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                           | New York Life Global Funding                                                                                          | CUSIP: 64952WFK4<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    964000 | PA      | $980020.74    | 0.06%             | 2029-12-05      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Bank5                                              | BANK5 2024-5YR8                                                                                                       | CUSIP: 065923AY0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    430000 | PA      | $451598.13    | 0.03%             | 2057-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                              | Becton Dickinson & Co                                                                                                 | CUSIP: 075887CR8<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102004.26    | 0.01%             | 2029-02-08      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                               | Edison International                                                                                                  | CUSIP: 281020AY3<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    550000 | PA      | $554536.96    | 0.03%             | 2028-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                           | Lloyds Banking Group PLC                                                                                              | CUSIP: 539439AY5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   4565000 | PA      | $4630969.64   | 0.29%             | 2027-08-07      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                | Toyota Auto Receivables 2024-A Owner Trust                                                                            | CUSIP: 89238DAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    659000 | PA      | $669268.27    | 0.04%             | 2029-04-16      | Fixed         | 4.77%                 | No            |                  2 | On Loan: No      |
| Truist Bank Auto Credit-Linked Notes               | Truist Bank Auto Credit-Linked Notes Series 2025-1                                                                    | CUSIP: 897926CB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7647000 | PA      | $7660389.51   | 0.47%             | 2033-09-26      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3133CTUV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     69774 | PA      | $71409.33     | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Multifamily Connecticut Avenue Securities          | Multifamily Connecticut Avenue Securities Trust 2024-01                                                               | CUSIP: 62548RAA7<br>LEI: 254900QY3MMJFMNKXA93 | Long             | ABS-MBS          | CORP              | US        |    533351 | PA      | $541298.92    | 0.03%             | 2054-07-25      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                            | Goldman Sachs Group Inc/The                                                                                           | CUSIP: 38141GC36<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1595000 | PA      | $1646849.78   | 0.10%             | 2031-01-28      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVABLES                  | GreatAmerica Leasing Receivables Funding LLC                                                                          | CUSIP: 39154GAJ5<br>LEI: 549300JFP7GIDD4UWO79 | Long             | ABS-O            | CORP              | US        |   1805000 | PA      | $1824085.71   | 0.11%             | 2029-04-16      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                | Elevance Health Inc                                                                                                   | CUSIP: 036752BB8<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    451000 | PA      | $458828.05    | 0.03%             | 2030-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BK/NY                           | National Australia Bank Ltd/New York                                                                                  | CUSIP: 63253QAJ3<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |   2300000 | PA      | $2345963.22   | 0.14%             | 2027-06-11      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust              | Wells Fargo Commercial Mortgage Trust 2024-5C2                                                                        | CUSIP: 95003UAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    358000 | PA      | $376197.00    | 0.02%             | 2057-11-15      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                     | Enterprise Fleet Financing 2024-1 LLC                                                                                 | CUSIP: 29375PAC4<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |    380000 | PA      | $387470.38    | 0.02%             | 2030-09-20      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                      | DTE Energy Co                                                                                                         | CUSIP: 233331BM8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    450000 | PA      | $455823.13    | 0.03%             | 2027-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                     | CPS Auto Receivables Trust 2024-A                                                                                     | CUSIP: 22411CAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    118000 | PA      | $119303.88    | 0.01%             | 2030-04-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| PK ALIFT LOAN FUNDING                              | PK Alift Loan Funding 3 LP                                                                                            | CUSIP: 69291VAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    595389 | PA      | $610130.19    | 0.04%             | 2039-09-15      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                | Citigroup Commercial Mortgage Trust 2016-GC36                                                                         | CUSIP: 17324TAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $993741.60    | 0.06%             | 2049-02-10      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                           | OBX 2024-HYB2 Trust                                                                                                   | CUSIP: 67118RAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2039348 | PA      | $2009615.41   | 0.12%             | 2053-04-25      | Variable      | 3.69%                 | No            |                  2 | On Loan: No      |
| VStrong Auto Receivables Trust                     | VStrong Auto Receivables Trust 2024-A                                                                                 | CUSIP: 92891PAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    203980 | PA      | $204970.38    | 0.01%             | 2028-12-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                | Southern California Edison Co                                                                                         | CUSIP: 842400JJ3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   2402000 | PA      | $2450110.81   | 0.15%             | 2030-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 3140W0P74<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3323149 | PA      | $3353769.94   | 0.21%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Securitized Term Auto Receivables Trust            | Securitized Term Auto Receivables Trust                                                                               | CUSIP: 81378RAC8<br>LEI: 254900DVX7EZK9JMUP63 | Long             | ABS-O            | CORP              | CA        |    933442 | PA      | $942155.21    | 0.06%             | 2031-07-25      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust              | Westlake Automobile Receivables Trust 2025-2                                                                          | CUSIP: 96041KAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1945000 | PA      | $1956638.10   | 0.12%             | 2031-01-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                             | Daimler Truck Finance North America LLC                                                                               | CUSIP: 233853AZ3<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    214000 | PA      | $219691.48    | 0.01%             | 2029-09-25      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| WSTN Trust                                         | WSTN Trust 2023-MAUI                                                                                                  | CUSIP: 92943AAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $101744.84    | 0.01%             | 2037-07-05      | Variable      | 7.96%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                     | CPS Auto Receivables Trust 2023-C                                                                                     | CUSIP: 223928AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    127615 | PA      | $127680.59    | 0.01%             | 2027-06-15      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| Global SC Finance SRL                              | Global SC Finance VII Srl                                                                                             | CUSIP: 37959PAC1<br>LEI: 549300JZYOMTAKV6RT73 | Long             | ABS-O            | CORP              | BB        |    309966 | PA      | $296453.31    | 0.02%             | 2040-11-19      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                     | Air Lease Corp                                                                                                        | CUSIP: 00914AAW2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   1055000 | PA      | $1062251.49   | 0.07%             | 2026-06-25      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                        | Citibank NA                                                                                                           | CUSIP: 17325FBN7<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   4400000 | PA      | $4441056.58   | 0.27%             | 2027-05-29      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| BX Trust                                           | BX Commercial Mortgage Trust 2021-VOLT                                                                                | CUSIP: 05609VAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    183212 | PA      | $182702.59    | 0.01%             | 2036-09-15      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                              | Wells Fargo & Co                                                                                                      | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   4860000 | PA      | $5013521.13   | 0.31%             | 2031-04-23      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                      | Citigroup Inc                                                                                                         | CUSIP: 17327CAM5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    500000 | PA      | $494873.62    | 0.03%             | 2027-01-28      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust              | Westlake Automobile Receivables Trust 2024-1                                                                          | CUSIP: 96043RAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    703000 | PA      | $719078.03    | 0.04%             | 2029-10-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| SG Commercial Mortgage Securities Trust            | SG Commercial Mortgage Securities Trust 2016-C5                                                                       | CUSIP: 78419CAC8<br>LEI: 549300SZQW4U3UN4A157 | Long             | ABS-MBS          | CORP              | US        |    741879 | PA      | $736632.30    | 0.05%             | 2048-10-10      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| MARS INC                                           | Mars Inc                                                                                                              | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   2432000 | PA      | $2478556.60   | 0.15%             | 2030-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Hawaii Hotel Trust                                 | Hawaii Hotel Trust 2025-MAUI                                                                                          | CUSIP: 419909AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2419000 | PA      | $2423770.27   | 0.15%             | 2042-03-15      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Parallel Ltd                                       | Parallel 2023-1 Ltd                                                                                                   | CUSIP: 69915NAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3010431.00   | 0.19%             | 2036-07-20      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                             | Daimler Truck Finance North America LLC                                                                               | CUSIP: 233853BD1<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    700000 | PA      | $720278.31    | 0.04%             | 2030-01-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                                 | Tricon Residential 2023-SFR2 Trust                                                                                    | CUSIP: 895978AA2<br>LEI: 549300Z2X1L1L3MID765 | Long             | ABS-O            | CORP              | US        |    346967 | PA      | $348830.11    | 0.02%             | 2040-12-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                             | Canadian Imperial Bank of Commerce                                                                                    | CUSIP: 13607PH98<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   3175000 | PA      | $3225157.51   | 0.20%             | 2029-03-30      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| Evergreen Credit Card Trust                        | Evergreen Credit Card Trust                                                                                           | CUSIP: 30023JCX4<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | CA        |    574000 | PA      | $581278.95    | 0.04%             | 2029-05-15      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                       | Drive Auto Receivables Trust 2024-1                                                                                   | CUSIP: 26208WAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    218569 | PA      | $218708.11    | 0.01%             | 2028-02-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| COPT DEFENSE PROP LP                               | COPT Defense Properties LP                                                                                            | CUSIP: 22003BAL0<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              |  | US        |   2592000 | PA      | $2565955.66   | 0.16%             | 2026-03-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| First National Master Note Trust                   | First National Master Note Trust                                                                                      | CUSIP: 32113CBV1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    592000 | PA      | $595229.60    | 0.04%             | 2029-04-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                          | CIM Trust 2018-R3                                                                                                     | CUSIP: 12553WAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10237 | PA      | $10215.25     | 0.00%             | 2057-12-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC        | BBCMS 2018-TALL Mortgage Trust                                                                                        | CUSIP: 05548WAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    241000 | PA      | $228766.62    | 0.01%             | 2037-03-15      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                | JPMorgan Chase & Co                                                                                                   | CUSIP: 46647PEJ1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2193000 | PA      | $2250013.66   | 0.14%             | 2030-07-22      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 3140B45V8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     94085 | PA      | $96204.50     | 0.01%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                              | Wells Fargo & Co                                                                                                      | CUSIP: 95000U3A9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3145000 | PA      | $3182825.26   | 0.20%             | 2028-07-25      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust                             | John Deere Owner Trust 2024                                                                                           | CUSIP: 47800RAD5<br>LEI: 549300MS3JZB0OWONQ39 | Long             | ABS-O            | CORP              | US        |    923000 | PA      | $933327.26    | 0.06%             | 2028-11-15      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| DLLAD LLC                                          | Dllad 2024-1 LLC                                                                                                      | CUSIP: 23346MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    540316 | PA      | $543241.27    | 0.03%             | 2027-08-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TEXAS INSTRUMENTS INC                              | Texas Instruments Inc                                                                                                 | CUSIP: 882508CG7<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |    130000 | PA      | $132761.05    | 0.01%             | 2029-02-08      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 3140A6UE4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    958175 | PA      | $981388.06    | 0.06%             | 2054-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3133CWLN0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    156883 | PA      | $160560.10    | 0.01%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                               | Bank of America Corp                                                                                                  | CUSIP: 06051GKW8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   8734000 | PA      | $8861121.10   | 0.55%             | 2028-07-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                            | BPCE SA                                                                                                               | CUSIP: 05571AAZ8<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   1604000 | PA      | $1675682.81   | 0.10%             | 2031-01-14      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                         | GLS Auto Receivables Issuer Trust 2024-2                                                                              | CUSIP: 37964VAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    537000 | PA      | $542293.85    | 0.03%             | 2028-11-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                 | BMO 2024-5C8 Mortgage Trust                                                                                           | CUSIP: 09661XAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    450000 | PA      | $468436.23    | 0.03%             | 2057-12-15      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| Wingspire Equipment Finance LLC                    | Wingspire Equipment Finance 2025-1 LLC                                                                                | CUSIP: 97415CAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2105000 | PA      | $2105258.07   | 0.13%             | 2033-09-20      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| DC Commercial Mortgage Trust                       | DC Commercial Mortgage Trust 2023-DC                                                                                  | CUSIP: 24023AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2490000 | PA      | $2580827.73   | 0.16%             | 2040-09-12      | Fixed         | 6.31%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO RECEIVABLES TRUST               | Mercedes-Benz Auto Receivables Trust 2024-1                                                                           | CUSIP: 587918AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    857000 | PA      | $873306.31    | 0.05%             | 2031-07-15      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                         | GLS Auto Receivables Issuer Trust 2025-2                                                                              | CUSIP: 37989BAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2652000 | PA      | $2681137.52   | 0.17%             | 2029-10-15      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC           | Avis Budget Rental Car Funding AESOP LLC                                                                              | CUSIP: 05377RHY3<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $725142.04    | 0.04%             | 2030-06-20      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 31418E3E8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3720949 | PA      | $3759639.85   | 0.23%             | 2054-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                                | PFS Financing Corp                                                                                                    | CUSIP: 69335PFP5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2969000 | PA      | $3007760.00   | 0.19%             | 2029-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PEAC Solutions Receivables LLC                     | PEAC Solutions Receivables 2024-2 LLC                                                                                 | CUSIP: 69392BAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550296 | PA      | $551553.96    | 0.03%             | 2027-04-20      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                              | Truist Financial Corp                                                                                                 | CUSIP: 89788MAR3<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    149000 | PA      | $154200.91    | 0.01%             | 2030-01-24      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| PEAC Solutions Receivables LLC                     | PEAC Solutions Receivables 2025-1 LLC                                                                                 | CUSIP: 69392HAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1326000 | PA      | $1336648.58   | 0.08%             | 2028-10-20      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| New York Mortgage Trust                            | NYMT Loan Trust 2024-CP1                                                                                              | CUSIP: 67118PAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    525032 | PA      | $488165.20    | 0.03%             | 2068-02-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                               | Verizon Master Trust                                                                                                  | CUSIP: 92348KCH4<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    652000 | PA      | $668126.05    | 0.04%             | 2031-12-22      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                        | Hertz Vehicle Financing III LLC                                                                                       | CUSIP: 42806MDC0<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   1610000 | PA      | $1627602.94   | 0.10%             | 2029-12-26      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| FS Commerical Mortgage Trust 2023-4SZN             | FS Commercial Mortgage Trust 2023-4SZN                                                                                | CUSIP: 30334RAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    808000 | PA      | $826795.37    | 0.05%             | 2039-11-10      | Fixed         | 7.07%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                      | Boeing Co/The                                                                                                         | CUSIP: 097023DP7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   7571000 | PA      | $7792990.12   | 0.48%             | 2027-05-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                       | Ford Credit Auto Lease Trust 2024-A                                                                                   | CUSIP: 345290AD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    555215 | PA      | $556646.27    | 0.03%             | 2027-05-15      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                             | Sequoia Mortgage Trust 2025-HYB1                                                                                      | CUSIP: 816938AB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3829000 | PA      | $3849686.56   | 0.24%             | 2055-10-25      | Variable      | 5.07%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                           | Capital One Financial Corp                                                                                            | CUSIP: 14040HDE2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    213000 | PA      | $221191.29    | 0.01%             | 2030-02-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust              | Wells Fargo Commercial Mortgage Trust 2016-C33                                                                        | CUSIP: 95000LAZ6<br>LEI: 549300JPCJUA5JJLRW54 | Long             | ABS-MBS          | CORP              | US        |    541000 | PA      | $538426.68    | 0.03%             | 2059-03-15      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 31418FKP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  14028234 | PA      | $14340855.40  | 0.88%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                           | BX Commercial Mortgage Trust 2024-KING                                                                                | CUSIP: 05612RAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    655372 | PA      | $656403.66    | 0.04%             | 2034-05-15      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                           | Benchmark 2018-B3 Mortgage Trust                                                                                      | CUSIP: 08161BBA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $771425.12    | 0.05%             | 2051-04-10      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                        | Extended Stay America Trust 2021-ESH                                                                                  | CUSIP: 30227FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    421638 | PA      | $421965.92    | 0.03%             | 2038-07-15      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                         | GLS Auto Receivables Issuer Trust 2024-1                                                                              | CUSIP: 36269HAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1303000 | PA      | $1323086.27   | 0.08%             | 2029-12-17      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust              | Westlake Automobile Receivables Trust 2025-2                                                                          | CUSIP: 96041KAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1176000 | PA      | $1182872.54   | 0.07%             | 2031-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners Static Ltd                  | Golub Capital Partners Static 2024-1 Ltd                                                                              | CUSIP: 381929AN8<br>LEI: 25490083RWI1EQQYLH43 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1500652.50   | 0.09%             | 2035-07-20      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Bank                                               | BANK 2019-BNK18                                                                                                       | CUSIP: 065402BC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    413963 | PA      | $396828.41    | 0.02%             | 2062-05-15      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                     | CFMT 2024-HB15 LLC                                                                                                    | CUSIP: 15723AAA9<br>LEI: 98450050957GF5E1CD92 | Long             | ABS-MBS          | CORP              | US        |    624118 | PA      | $621912.97    | 0.04%             | 2034-08-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                        | Hertz Vehicle Financing III LLC                                                                                       | CUSIP: 42806MCS6<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |    349000 | PA      | $359982.93    | 0.02%             | 2029-01-25      | Fixed         | 9.22%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust            | Hyundai Auto Lease Securitization Trust 2024-A                                                                        | CUSIP: 448988AD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    889867 | PA      | $892449.26    | 0.06%             | 2027-03-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                     | CPS Auto Receivables Trust 2024-B                                                                                     | CUSIP: 12627SAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2038700.00   | 0.13%             | 2030-07-15      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 3140AQTU6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    125271 | PA      | $128114.09    | 0.01%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                   | SMB Private Education Loan Trust 2023-C                                                                               | CUSIP: 83207DAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    188157 | PA      | $190230.90    | 0.01%             | 2052-11-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                     | CFMT 2024-R1 LLC                                                                                                      | CUSIP: 12530YAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1867143 | PA      | $1843606.57   | 0.11%             | 2054-10-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                         | Verus Securitization Trust 2024-3                                                                                     | CUSIP: 92540MAA3<br>LEI: 2138005NRONUFED1TZ38 | Long             | ABS-MBS          | CORP              | US        |   3095423 | PA      | $3140839.83   | 0.19%             | 2069-04-25      | Variable      | 6.34%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                             | Philip Morris International Inc                                                                                       | CUSIP: 718172DN6<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1129000 | PA      | $1146298.01   | 0.07%             | 2029-11-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ELM Trust 2024                                     | ELM Trust 2024-ELM                                                                                                    | CUSIP: 26860XAA9<br>LEI: 254900IIXJ23M1M8Y987 | Long             | ABS-MBS          | CORP              | US        |   1928000 | PA      | $1941468.24   | 0.12%             | 2039-06-10      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                           | OBX 2025-NQM18 Trust                                                                                                  | CUSIP: 673918AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5725000 | PA      | $5737079.75   | 0.35%             | 2065-09-25      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 3140AQZZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     64762 | PA      | $66226.54     | 0.00%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ELM Trust 2024                                     | ELM Trust 2024-ELM                                                                                                    | CUSIP: 26860XAU5<br>LEI: 254900IIXJ23M1M8Y987 | Long             | ABS-MBS          | CORP              | US        |   1752000 | PA      | $1771010.60   | 0.11%             | 2039-06-10      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                     | Morgan Stanley                                                                                                        | CUSIP: 61747YER2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125156.71    | 0.01%             | 2028-04-20      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                             | UnitedHealth Group Inc                                                                                                | CUSIP: 91324PFP2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1419317.66   | 0.09%             | 2031-01-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                    | Cigna Group/The                                                                                                       | CUSIP: 125523CX6<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1805915.83   | 0.11%             | 2030-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                                 | Subway Funding LLC                                                                                                    | CUSIP: 864300AG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2167620 | PA      | $2171725.92   | 0.13%             | 2054-07-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust | GM Financial Consumer Automobile Receivables Trust 2024-1                                                             | CUSIP: 36268GAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    624000 | PA      | $633582.02    | 0.04%             | 2029-06-18      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRIS                           | Public Service Enterprise Group Inc                                                                                   | CUSIP: 744573AQ9<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    475000 | PA      | $416784.38    | 0.03%             | 2030-08-15      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER CO                                   | Georgia Power Co                                                                                                      | CUSIP: 373334KS9<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    400000 | PA      | $406056.66    | 0.03%             | 2028-05-16      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust       | American Credit Acceptance Receivables Trust 2024-4                                                                   | CUSIP: 024945AE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    187000 | PA      | $187979.09    | 0.01%             | 2031-08-12      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3132DWPJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  43328125 | PA      | $44303318.18  | 2.73%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Thompson Park CLO, LTD                             | Thompson Park CLO Ltd                                                                                                 | CUSIP: 884887AN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3229000 | PA      | $3232232.23   | 0.20%             | 2034-04-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                           | Madison Park Funding L Ltd                                                                                            | CUSIP: 55821FAA5<br>LEI: 549300XQII222AK58E79 | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300360.90    | 0.02%             | 2034-04-19      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Triton Container Finance LLC                       | Triton Container Finance VIII LLC                                                                                     | CUSIP: 89680HAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    862500 | PA      | $809139.98    | 0.05%             | 2045-09-20      | Fixed         | 2.11%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                           | OBX 2024-NQM17 Trust                                                                                                  | CUSIP: 673911AC7<br>LEI: 254900HMH8TR6ZSMCB34 | Long             | ABS-MBS          | CORP              | US        |   2327640 | PA      | $2349683.50   | 0.14%             | 2064-11-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                            | Hyundai Capital America                                                                                               | CUSIP: 44891ADV6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1279000 | PA      | $1297529.38   | 0.08%             | 2028-06-23      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Blue Owl Asset Leasing Trust                       | Blue Owl Asset Leasing Trust 2024-1 LLC                                                                               | CUSIP: 095921AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    139000 | PA      | $141962.17    | 0.01%             | 2031-01-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                               | Bank of America Corp                                                                                                  | CUSIP: 06051GHX0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    222000 | PA      | $210773.03    | 0.01%             | 2030-10-22      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| WISCONSIN PUBLIC SERVICE                           | Wisconsin Public Service Corp                                                                                         | CUSIP: 976843BQ4<br>LEI: 549300BJRHJVYNUMQZ30 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1118753.96   | 0.07%             | 2029-12-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                               | Verizon Master Trust Series 2024-5                                                                                    | CUSIP: 92348KDB6<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    625000 | PA      | $645223.63    | 0.04%             | 2032-06-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                    | BRAVO Residential Funding Trust 2020-RPL1                                                                             | CUSIP: 10568YAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     39965 | PA      | $39346.58     | 0.00%             | 2059-05-26      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                         | Verus Securitization Trust 2023-5                                                                                     | CUSIP: 924934AA0<br>LEI: 984500BADC7CFE3B0756 | Long             | ABS-MBS          | CORP              | US        |    470262 | PA      | $473748.24    | 0.03%             | 2068-06-25      | Variable      | 6.48%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                            | Hyundai Capital America                                                                                               | CUSIP: 44891ADG9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    413000 | PA      | $414002.08    | 0.03%             | 2029-09-26      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                              | Northrop Grumman Corp                                                                                                 | CUSIP: 666807CN0<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1526441.61   | 0.09%             | 2030-07-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                        | Hertz Vehicle Financing III LLC                                                                                       | CUSIP: 42806MDF3<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2048854.40   | 0.13%             | 2031-12-25      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                               | Bank of America Corp                                                                                                  | CUSIP: 06051GJK6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    278000 | PA      | $277468.43    | 0.02%             | 2026-10-24      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| TAL Advantage VII LLC                              | TAL Advantage VII LLC                                                                                                 | CUSIP: 87407RAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    745750 | PA      | $709508.94    | 0.04%             | 2045-09-20      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                      | Ballyrock CLO 2019-2 Ltd                                                                                              | CUSIP: 05875MAX0<br>LEI: 254900IF22Z7SA13VI60 | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1251611.25   | 0.08%             | 2036-02-20      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| NMEF Funding LLC                                   | NMEF Funding 2025-A LLC                                                                                               | CUSIP: 62919VAB7<br>LEI: 549300LKWL3P0UPHKL72 | Long             | ABS-O            | CORP              | US        |   2093874 | PA      | $2104342.28   | 0.13%             | 2032-07-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                    | CSAIL 2017-CX10 Commercial Mortgage Trust                                                                             | CUSIP: 12595JAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     68000 | PA      | $66514.95     | 0.00%             | 2050-11-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                               | Bank of America Corp                                                                                                  | CUSIP: 06051GLE7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200386.02    | 0.01%             | 2027-01-20      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                           | Ford Motor Credit Co LLC                                                                                              | CUSIP: 345397G49<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    610000 | PA      | $620812.57    | 0.04%             | 2029-11-07      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization Equity Trust        | AASET MT-1 Ltd                                                                                                        | CUSIP: 00039NAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2713175 | PA      | $2746901.25   | 0.17%             | 2050-02-16      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust           | Ford Credit Floorplan Master Owner Trust A                                                                            | CUSIP: 34529BAA4<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |   2077000 | PA      | $2108749.85   | 0.13%             | 2030-04-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 3140A6VM5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    851704 | PA      | $860658.37    | 0.05%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                     | Morgan Stanley                                                                                                        | CUSIP: 61748UAE2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1738000 | PA      | $1794219.14   | 0.11%             | 2031-01-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                | Exeter Automobile Receivables Trust 2024-1                                                                            | CUSIP: 30167PAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    437320 | PA      | $438796.66    | 0.03%             | 2028-08-15      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                 | BMO 2023-5C1 Mortgage Trust                                                                                           | CUSIP: 055986AC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     89000 | PA      | $93513.64     | 0.01%             | 2056-08-15      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                               | Edison International                                                                                                  | CUSIP: 281020BA4<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   1506000 | PA      | $1518267.41   | 0.09%             | 2029-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| TIF Funding II LLC                                 | TIF Funding II LLC                                                                                                    | CUSIP: 872480AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    872667 | PA      | $797357.47    | 0.05%             | 2046-02-20      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust       | American Credit Acceptance Receivables Trust 2024-2                                                                   | CUSIP: 02531BAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1820000 | PA      | $1867450.31   | 0.12%             | 2030-04-12      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                     | Morgan Stanley                                                                                                        | CUSIP: 61747YFP5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   8031000 | PA      | $8212501.40   | 0.51%             | 2028-04-13      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC           | Avis Budget Rental Car Funding AESOP LLC                                                                              | CUSIP: 05377RKQ6<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   2919000 | PA      | $3006054.21   | 0.19%             | 2031-08-20      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                            | Pfizer Investment Enterprises Pte Ltd                                                                                 | CUSIP: 716973AB8<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |   2544000 | PA      | $2549419.74   | 0.16%             | 2026-05-19      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                           | OBX 2024-NQM11 Trust                                                                                                  | CUSIP: 67119EAA4<br>LEI: 254900F5LT8CA1U6PK21 | Long             | ABS-MBS          | CORP              | US        |   5143486 | PA      | $5200482.15   | 0.32%             | 2064-06-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| REPSOL E&P CAP MARKETS                             | Repsol E&P Capital Markets US LLC                                                                                     | CUSIP: 76026AAB3<br>LEI: 894500D0J12FRZ3Q0M15 | Long             | DBT              | CORP              | US        |   1106000 | PA      | $1114504.87   | 0.07%             | 2030-09-16      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                     | CFMT 2024-NR1 LLC                                                                                                     | CUSIP: 12531DAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3736517 | PA      | $3773683.69   | 0.23%             | 2029-11-25      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| BLP Commercial Mortgage Trust                      | BLP Commercial Mortgage Trust 2024-IND2                                                                               | CUSIP: 05625AAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    992473 | PA      | $995345.65    | 0.06%             | 2041-03-15      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| Finance of America HECM Buyout                     | Finance of America HECM Buyout 2024-HB1                                                                               | CUSIP: 31737DAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2143302 | PA      | $2137649.69   | 0.13%             | 2034-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Receivables Trust       | Arivo Acceptance Auto Loan Receivables Trust 2025-1                                                                   | CUSIP: 039962AF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    347000 | PA      | $347428.82    | 0.02%             | 2029-05-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Bank5                                              | BANK5 2024-5YR11                                                                                                      | CUSIP: 06644WBD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2142039 | PA      | $2254640.21   | 0.14%             | 2057-11-15      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                          | Morgan Stanley Bank of America Merrill Lynch Trust 2015-C22                                                           | CUSIP: 61690FAP8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $482364.25    | 0.03%             | 2048-04-15      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                | Exeter Automobile Receivables Trust 2024-4                                                                            | CUSIP: 30166UAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1210000 | PA      | $1217787.92   | 0.08%             | 2030-08-15      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3142GSYY8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    496295 | PA      | $508304.91    | 0.03%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured Securities Trust     | Finance of America Structured Securities Trust Series 2025-PC1                                                        | CUSIP: 316929AA6<br>LEI: 254900FJW75GV74X3O58 | Long             | ABS-MBS          | CORP              | US        |   2171087 | PA      | $2099742.86   | 0.13%             | 2075-05-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK NA                                | Fifth Third Bank NA                                                                                                   | CUSIP: 31677QBU2<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |   6332000 | PA      | $6397154.51   | 0.39%             | 2028-01-28      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                           | OBX 2024-NQM5 Trust                                                                                                   | CUSIP: 67448NAA6<br>LEI: 254900RDM4XSF0B1E373 | Long             | ABS-MBS          | CORP              | US        |    887038 | PA      | $896492.14    | 0.06%             | 2064-01-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| Valley Stream Park CLO, Ltd                        | Valley Stream Park CLO LTD                                                                                            | CUSIP: 92013AAT6<br>LEI: 213800DEME82SWN32S20 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $999968.00    | 0.06%             | 2037-01-20      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                           | Benchmark 2024-V9 Mortgage Trust                                                                                      | CUSIP: 081919AS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     50000 | PA      | $52082.90     | 0.00%             | 2057-08-15      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3142J6A60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    486051 | PA      | $496882.60    | 0.03%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                | Exeter Automobile Receivables Trust 2024-1                                                                            | CUSIP: 30167PAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    574000 | PA      | $587295.10    | 0.04%             | 2030-06-17      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| BX Trust                                           | BX Commercial Mortgage Trust 2021-ACNT                                                                                | CUSIP: 05609QAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    390081 | PA      | $389945.20    | 0.02%             | 2038-11-15      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                             | Philip Morris International Inc                                                                                       | CUSIP: 718172CY3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   2125000 | PA      | $2129838.29   | 0.13%             | 2026-02-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                                        | PNC Bank NA                                                                                                           | CUSIP: 69353RFY9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   1720000 | PA      | $1722971.23   | 0.11%             | 2027-05-13      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                                     | ACHV ABS Trust 2025-1PL                                                                                               | CUSIP: 00112MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1612681 | PA      | $1620182.81   | 0.10%             | 2032-04-26      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 31418E4N7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    743111 | PA      | $760564.70    | 0.05%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| U.S. Bank National Association                     | US Bank C&I Credit-Linked Notes Series 2025-2                                                                         | CUSIP: 90355PAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2065000 | PA      | $2067597.77   | 0.13%             | 2032-09-25      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3132DWLM3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    825173 | PA      | $844458.68    | 0.05%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Evergreen Credit Card Trust                        | Evergreen Credit Card Trust                                                                                           | CUSIP: 30023JCY2<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | CA        |    230000 | PA      | $232682.40    | 0.01%             | 2029-05-15      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                          | Towd Point Mortgage Trust 2019-1                                                                                      | CUSIP: 89177BAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    388544 | PA      | $378922.87    | 0.02%             | 2058-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                         | LAD Auto Receivables Trust 2024-3                                                                                     | CUSIP: 505709AF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    148000 | PA      | $149639.22    | 0.01%             | 2030-03-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 3140A8U34<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    912590 | PA      | $922712.88    | 0.06%             | 2054-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 3140ACBP7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    419541 | PA      | $425393.50    | 0.03%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Battalion CLO LTD                                  | Battalion CLO XII Ltd                                                                                                 | CUSIP: 07133RAW5<br>LEI: 549300JIE0P78OIZGS60 | Long             | ABS-CBDO         | CORP              | KY        |   1538682 | PA      | $1537984.81   | 0.09%             | 2031-05-17      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| PenFed Auto Receivables Owner Trust                | PenFed Auto Receivables Owner Trust 2025-A                                                                            | CUSIP: 706916AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    722000 | PA      | $721699.86    | 0.04%             | 2030-07-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                        | Citibank NA                                                                                                           | CUSIP: 17325FBJ6<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   1510000 | PA      | $1521489.62   | 0.09%             | 2026-08-06      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                         | LAD Auto Receivables Trust 2023-3                                                                                     | CUSIP: 50168BAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    608000 | PA      | $622795.38    | 0.04%             | 2028-12-15      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                   | Fannie Mae Connecticut Avenue Securities                                                                              | CUSIP: 20755RAC9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    275000 | PA      | $275655.19    | 0.02%             | 2044-09-25      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust                       | CD 2017-CD6 Mortgage Trust                                                                                            | CUSIP: 125039AF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    375000 | PA      | $367904.33    | 0.02%             | 2050-11-13      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3133CJYW5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     29638 | PA      | $30403.36     | 0.00%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                           | Benchmark 2024-V9 Mortgage Trust                                                                                      | CUSIP: 081919AN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    844567 | PA      | $877849.27    | 0.05%             | 2057-08-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| DIAGEO INVESTMENT CORP                             | Diageo Investment Corp                                                                                                | CUSIP: 25245BAC1<br>LEI: S4G8DPIPDVCF6CB81Z61 | Long             | DBT              | CORP              | US        |   1443000 | PA      | $1495751.78   | 0.09%             | 2030-08-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                           | RTX Corp                                                                                                              | CUSIP: 75513ECT6<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   6927000 | PA      | $7043697.09   | 0.43%             | 2026-11-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                              | Aon North America Inc                                                                                                 | CUSIP: 03740MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1660000 | PA      | $1708679.85   | 0.11%             | 2029-03-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                         | Progress Residential 2024-SFR1 Trust                                                                                  | CUSIP: 74331QAA5<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   1143041 | PA      | $1104052.70   | 0.07%             | 2041-02-17      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 3140AB4L6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     28316 | PA      | $28609.31     | 0.00%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Capteris Equipment Finance                         | Capteris Equipment Finance 2024-1 LLC                                                                                 | CUSIP: 14077AAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2402877 | PA      | $2443968.93   | 0.15%             | 2032-07-20      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                               | Bank of America Corp                                                                                                  | CUSIP: 06051GGF0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149326.81    | 0.01%             | 2028-01-20      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                             | Philip Morris International Inc                                                                                       | CUSIP: 718172DM8<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1975000 | PA      | $1990671.47   | 0.12%             | 2027-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                         | Verus Securitization Trust 2024-9                                                                                     | CUSIP: 92540RAC8<br>LEI: 213800LFRCPWSTP6LX39 | Long             | ABS-MBS          | CORP              | US        |   1929581 | PA      | $1943952.98   | 0.12%             | 2069-11-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                             | PNC Financial Services Group Inc/The                                                                                  | CUSIP: 693475BT1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   6355000 | PA      | $6511171.01   | 0.40%             | 2027-10-20      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                         | AMSR 2021-SFR3 Trust                                                                                                  | CUSIP: 00180UAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2476703 | PA      | $2404325.81   | 0.15%             | 2038-10-17      | Fixed         | 1.48%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                              | Wells Fargo & Co                                                                                                      | CUSIP: 95000U3E1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1445000 | PA      | $1497847.32   | 0.09%             | 2029-07-25      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| SCF Equipment Trust Llc                            | SCF Equipment Trust 2016-1 LLC                                                                                        | CUSIP: 78437DAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3567000 | PA      | $3655343.18   | 0.23%             | 2033-11-21      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                   | Fannie Mae Connecticut Avenue Securities                                                                              | CUSIP: 20753GAB7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    716052 | PA      | $716712.77    | 0.04%             | 2044-05-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                     | Morgan Stanley                                                                                                        | CUSIP: 61747YFZ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2050000 | PA      | $2117530.75   | 0.13%             | 2031-04-17      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                          | Amgen Inc                                                                                                             | CUSIP: 031162CT5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   7031000 | PA      | $6862821.78   | 0.42%             | 2027-02-21      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                       | Broadcom Inc                                                                                                          | CUSIP: 11135FCA7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1805063.76   | 0.11%             | 2028-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                             | CCO Holdings LLC / CCO Holdings Capital Corp                                                                          | CUSIP: 1248EPBR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $749594.10    | 0.05%             | 2026-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hawaii Hotel Trust                                 | Hawaii Hotel Trust 2025-MAUI                                                                                          | CUSIP: 419909AG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1358000 | PA      | $1363781.14   | 0.08%             | 2042-03-15      | Floating      | 6.74%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Limited                | TMCL VII Holdings Ltd                                                                                                 | CUSIP: 87257FAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | BM        |   1007000 | PA      | $1010856.11   | 0.06%             | 2050-07-23      | Fixed         | 8.06%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                           | Ford Motor Credit Co LLC                                                                                              | CUSIP: 345397G72<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1972000 | PA      | $2006161.41   | 0.12%             | 2028-03-20      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                | Southern California Edison Co                                                                                         | CUSIP: 842400HS5<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   6164000 | PA      | $6325951.21   | 0.39%             | 2027-11-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                | American Express Co                                                                                                   | CUSIP: 025816DV8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1815000 | PA      | $1846469.52   | 0.11%             | 2028-07-26      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                         | Verus Securitization Trust 2025-8                                                                                     | CUSIP: 924930AA8<br>LEI: 213800K8E68XJS6Z1D09 | Long             | ABS-MBS          | CORP              | US        |   2231000 | PA      | $2230075.47   | 0.14%             | 2070-09-25      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| Wingspire Equipment Finance LLC                    | Wingspire Equipment Finance 2025-1 LLC                                                                                | CUSIP: 97415CAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    216000 | PA      | $216073.44    | 0.01%             | 2033-09-20      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC        | BBCMS Mortgage Trust 2024-5C31                                                                                        | CUSIP: 07336YAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    574000 | PA      | $594222.54    | 0.04%             | 2057-12-15      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                       | Drive Auto Receivables Trust 2024-2                                                                                   | CUSIP: 26207AAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1090000 | PA      | $1095078.53   | 0.07%             | 2032-05-17      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| NMEF Funding LLC                                   | NMEF Funding 2025-B LLC                                                                                               | CUSIP: 62919WAC3<br>LEI: 549300LKWL3P0UPHKL72 | Long             | ABS-O            | CORP              | US        |   3178000 | PA      | $3190549.92   | 0.20%             | 2033-01-18      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                           | Benchmark 2025-V14 Mortgage Trust                                                                                     | CUSIP: 08164BAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1105000 | PA      | $1157406.95   | 0.07%             | 2057-04-15      | Variable      | 6.09%                 | No            |                  2 | On Loan: No      |
| Porsche Innovative Lease Owner Trust               | Porsche Innovative Lease Owner Trust 2024-1                                                                           | CUSIP: 73328AAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1833000 | PA      | $1842768.06   | 0.11%             | 2027-11-22      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Flatiron CLO Ltd                                   | Flatiron CLO 28 Ltd                                                                                                   | CUSIP: 33884EAQ4<br>LEI: 254900U51J2X527SRJ56 | Long             | ABS-CBDO         | CORP              | KY        |   2077000 | PA      | $2080019.96   | 0.13%             | 2036-07-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                   | Fannie Mae Connecticut Avenue Securities                                                                              | CUSIP: 20753GAG6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    333000 | PA      | $336395.80    | 0.02%             | 2044-05-25      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                        | BNP Paribas SA                                                                                                        | CUSIP: 09659W2W3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    300000 | PA      | $310361.44    | 0.02%             | 2030-05-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CONSUMERS ENERGY CO                                | Consumers Energy Co                                                                                                   | CUSIP: 210518DX1<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |    564000 | PA      | $576328.48    | 0.04%             | 2030-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                | JPMorgan Chase & Co                                                                                                   | CUSIP: 46647PDA1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    216000 | PA      | $216586.27    | 0.01%             | 2028-04-26      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| Wheels Fleet Lease Funding LLC                     | Wheels Fleet Lease Funding 1 LLC                                                                                      | CUSIP: 96328GBT3<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |   1920232 | PA      | $1940609.31   | 0.12%             | 2039-06-21      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3133WCWB6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    699900 | PA      | $717981.19    | 0.04%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                  | Eversource Energy                                                                                                     | CUSIP: 30040WAW8<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   1139000 | PA      | $1193507.84   | 0.07%             | 2029-02-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                | Citigroup Commercial Mortgage Trust 2016-GC37                                                                         | CUSIP: 17290XAT7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    270000 | PA      | $268802.85    | 0.02%             | 2049-04-10      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust       | American Credit Acceptance Receivables Trust 2024-3                                                                   | CUSIP: 02490BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     79828 | PA      | $79902.47     | 0.00%             | 2027-11-12      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust      | BHG Securitization Trust 2021-A                                                                                       | CUSIP: 08861YAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    153349 | PA      | $151729.88    | 0.01%             | 2033-11-17      | Fixed         | 1.42%                 | No            |                  2 | On Loan: No      |
| INTOWN Mortgage Trust                              | INTOWN 2025-STAY Mortgage Trust                                                                                       | CUSIP: 46117WAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2995000 | PA      | $2998953.40   | 0.18%             | 2042-03-15      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                                  | Imperial Fund Mortgage Trust 2023-NQM1                                                                                | CUSIP: 45290BAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1300181 | PA      | $1300727.78   | 0.08%             | 2068-02-25      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| Ondeck Asset Securitization Trust LLC              | OnDeck Asset Securitization Trust IV LLC                                                                              | CUSIP: 67118NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1020000 | PA      | $1027040.04   | 0.06%             | 2031-06-17      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                   | Fannie Mae Connecticut Avenue Securities                                                                              | CUSIP: 207942AA1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    265635 | PA      | $267692.02    | 0.02%             | 2043-06-25      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                          | Towd Point Mortgage Trust 2018-1                                                                                      | CUSIP: 89176EAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    145463 | PA      | $144251.68    | 0.01%             | 2058-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust              | Wells Fargo Commercial Mortgage Trust 2024-5C1                                                                        | CUSIP: 95003VAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     40000 | PA      | $42032.50     | 0.00%             | 2057-07-15      | Fixed         | 6.52%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                                | General Electric Co                                                                                                   | CUSIP: 369604BZ5<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |   2121000 | PA      | $2134466.89   | 0.13%             | 2030-07-29      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3132DWN90<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2938559 | PA      | $3005385.56   | 0.19%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                | Southern California Edison Co                                                                                         | CUSIP: 842400HD8<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    293000 | PA      | $260042.26    | 0.02%             | 2031-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                            | BPCE SA                                                                                                               | CUSIP: 056121AA4<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   1038000 | PA      | $1065411.96   | 0.07%             | 2031-05-28      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| PEAC Solutions Receivables LLC                     | PEAC Solutions Receivables 2024-2 LLC                                                                                 | CUSIP: 69392BAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    764000 | PA      | $768921.23    | 0.05%             | 2031-10-20      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust                     | SWCH Commercial Mortgage Trust 2025-DATA                                                                              | CUSIP: 78489CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4783000 | PA      | $4764932.70   | 0.29%             | 2042-02-15      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust                              | Arroyo Mortgage Trust 2022-1                                                                                          | CUSIP: 042855AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    256109 | PA      | $247396.32    | 0.02%             | 2056-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                     | CPS Auto Receivables Trust 2024-A                                                                                     | CUSIP: 22411CAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $102212.77    | 0.01%             | 2030-04-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| SMRT                                               | SMRT 2022-MINI                                                                                                        | CUSIP: 78457JAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $499545.90    | 0.03%             | 2039-01-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Bank5                                              | BANK5 2023-5YR1                                                                                                       | CUSIP: 06644EAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    133000 | PA      | $138307.66    | 0.01%             | 2056-04-15      | Variable      | 6.26%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3142GR4K3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    188752 | PA      | $197346.74    | 0.01%             | 2054-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Synchrony Card Issuance Trust                      | Synchrony Card Funding LLC                                                                                            | CUSIP: 87166PAN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2835000 | PA      | $2883208.04   | 0.18%             | 2030-07-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust             | Santander Drive Auto Receivables Trust 2022-7                                                                         | CUSIP: 80287FAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     12769 | PA      | $12794.42     | 0.00%             | 2028-01-17      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                           | OBX 2024-NQM13 Trust                                                                                                  | CUSIP: 67119PAP6<br>LEI: 254900W2SY2Z6X7UAX78 | Long             | ABS-MBS          | CORP              | US        |   1834347 | PA      | $1838835.40   | 0.11%             | 2064-06-25      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                   | COLT 2023-3 Mortgage Loan Trust                                                                                       | CUSIP: 19688RAA7<br>LEI: 213800MIPEZY1A8W1N28 | Long             | ABS-MBS          | CORP              | US        |    830528 | PA      | $843444.85    | 0.05%             | 2068-09-25      | Variable      | 7.18%                 | No            |                  2 | On Loan: No      |
| SCG Hotel Issuer Inc                               | SCG Trust 2025-SNIP                                                                                                   | CUSIP: 78398JAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3428000 | PA      | $3443002.98   | 0.21%             | 2030-09-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Xcel Energy Inc                                    | Xcel Energy Inc                                                                                                       | CUSIP: 98389BAU4<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |   5945000 | PA      | $5888529.52   | 0.36%             | 2026-12-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                            | Goldman Sachs Group Inc/The                                                                                           | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2378923.40   | 0.15%             | 2031-04-23      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC           | Avis Budget Rental Car Funding AESOP LLC                                                                              | CUSIP: 05377RKL7<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    627000 | PA      | $635896.50    | 0.04%             | 2029-08-20      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                        | Hertz Vehicle Financing III LLC                                                                                       | CUSIP: 42806MCJ6<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $253507.25    | 0.02%             | 2027-06-25      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                         | Progress Residential Trust                                                                                            | CUSIP: 74333HAA3<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   1953981 | PA      | $1923941.79   | 0.12%             | 2038-07-17      | Fixed         | 1.52%                 | No            |                  2 | On Loan: No      |
| Merchants Fleet Funding LLC                        | Merchants Fleet Funding LLC                                                                                           | CUSIP: 588926AF2<br>LEI: 254900Z2OOQUA5IN2X83 | Long             | ABS-O            | CORP              | US        |   1887180 | PA      | $1902343.33   | 0.12%             | 2037-04-20      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| Boca Commercial Mortgage Trust                     | BOCA Commercial Mortgage Trust 2024-BOCA                                                                              | CUSIP: 096817AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $4023777.20   | 0.25%             | 2041-08-15      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                                | Sherwin-Williams Co/The                                                                                               | CUSIP: 824348BV7<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1409859.77   | 0.09%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United Auto Credit Securitization Trust            | United Auto Credit Securitization Trust 2024-1                                                                        | CUSIP: 90945DAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    255263 | PA      | $255382.28    | 0.02%             | 2027-06-10      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3142GQ5Q1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    112374 | PA      | $116428.59    | 0.01%             | 2054-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                               | Royal Bank of Canada                                                                                                  | CUSIP: 78017DAC2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1510000 | PA      | $1556328.40   | 0.10%             | 2031-02-04      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                           | Constellation Brands Inc                                                                                              | CUSIP: 21036PBS6<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    248000 | PA      | $251625.91    | 0.02%             | 2030-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                | Charles Schwab Corp/The                                                                                               | CUSIP: 808513CG8<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    400000 | PA      | $405990.14    | 0.03%             | 2026-08-24      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                           | Long: BCGBEZXR4 IRS USD R V 00MSOFR BCGBEZXR4_FLO CCPOIS / Short: BCGBEZXR4 IRS USD P F  3.16650 BCGBEZXR4_FIX CCPOIS | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  56900000 | OU      | $1895885.24   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                             | Bank of New York Mellon Corp/The                                                                                      | CUSIP: 06406RCB1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1541199.95   | 0.10%             | 2031-02-11      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                            | Hyundai Capital America                                                                                               | CUSIP: 44891ADQ7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1021183.60   | 0.06%             | 2030-03-27      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                           | Ford Motor Credit Co LLC                                                                                              | CUSIP: 345397B28<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   3383000 | PA      | $3376909.38   | 0.21%             | 2025-11-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                               | Royal Bank of Canada                                                                                                  | CUSIP: 78017DAH1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1350000 | PA      | $1383063.19   | 0.09%             | 2031-05-02      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                    | CVS Health Corp                                                                                                       | CUSIP: 126650EB2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1780000 | PA      | $1841054.55   | 0.11%             | 2029-06-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                 | Energy Transfer LP                                                                                                    | CUSIP: 29273VAZ3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    973000 | PA      | $1001558.62   | 0.06%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VFI ABS LLC                                        | VFI ABS 2025-1 LLC                                                                                                    | CUSIP: 91824UAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    925553 | PA      | $929876.04    | 0.06%             | 2030-06-24      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Limited                | Textainer Marine Containers VII Ltd                                                                                   | CUSIP: 88315LAL2<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | BM        |    731500 | PA      | $682401.25    | 0.04%             | 2046-02-20      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| HTL Commercial Mortgage Trust                      | HTL Commercial Mortgage Trust 2024-T53                                                                                | CUSIP: 404300AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    591000 | PA      | $599746.62    | 0.04%             | 2039-05-10      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                             | ConocoPhillips Co                                                                                                     | CUSIP: 20826FBJ4<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1632086.56   | 0.10%             | 2030-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                                | Dow Chemical Co/The                                                                                                   | CUSIP: 260543DN0<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2191618.59   | 0.14%             | 2031-01-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                         | Verus Securitization Trust 2024-2                                                                                     | CUSIP: 92539UAA8<br>LEI: 213800KSJFZ5H8FZ7C61 | Long             | ABS-MBS          | CORP              | US        |   1047278 | PA      | $1059028.39   | 0.07%             | 2069-02-25      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3142J6BK8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     86279 | PA      | $88201.74     | 0.01%             | 2055-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust              | Westlake Automobile Receivables Trust 2024-1                                                                          | CUSIP: 96043RAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    523000 | PA      | $529482.17    | 0.03%             | 2029-02-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Westlake Flooring Master Trust                     | Westlake Flooring Master Trust                                                                                        | CUSIP: 96043GAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    536000 | PA      | $538162.92    | 0.03%             | 2028-02-15      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                               | Bank of America Corp                                                                                                  | CUSIP: 06051GMK2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2050000 | PA      | $2088262.06   | 0.13%             | 2029-01-24      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                          | Boeing Co/The                                                                                                         | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |  10041000 | PA      | $9966220.15   | 0.61%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                            | Teva Pharmaceutical Finance Netherlands III BV                                                                        | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   5665000 | PA      | $5569105.77   | 0.34%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                                    | BAE Systems PLC                                                                                                       | CUSIP: 05523RAJ6<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |    648000 | PA      | $667555.42    | 0.04%             | 2029-03-26      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                           | Celanese US Holdings LLC                                                                                              | CUSIP: 15089QAM6<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    428000 | PA      | $439335.96    | 0.03%             | 2027-07-15      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                              | Truist Financial Corp                                                                                                 | CUSIP: 89788MAU6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    592000 | PA      | $607104.36    | 0.04%             | 2031-05-20      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                                  | Imperial Fund Mortgage Trust 2022-NQM7                                                                                | CUSIP: 452763AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    425188 | PA      | $427685.42    | 0.03%             | 2067-11-25      | Variable      | 7.37%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                     | Carvana Auto Receivables Trust 2023-P3                                                                                | CUSIP: 14688GAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    133564 | PA      | $134542.27    | 0.01%             | 2028-08-10      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                          | Towd Point Mortgage Trust 2019-2                                                                                      | CUSIP: 89177JAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    408936 | PA      | $397545.24    | 0.02%             | 2058-12-25      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                              | Truist Financial Corp                                                                                                 | CUSIP: 89788MAN2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   7776000 | PA      | $7867372.51   | 0.49%             | 2027-06-08      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| United Auto Credit Securitization Trust            | United Auto Credit Securitization Trust 2024-1                                                                        | CUSIP: 90945DAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1509031.65   | 0.09%             | 2029-10-10      | Fixed         | 7.06%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                   | Fannie Mae Connecticut Avenue Securities                                                                              | CUSIP: 20755JAA1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1773718 | PA      | $1775782.05   | 0.11%             | 2045-01-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| STAR 2024-SFR4 Trust                               | STAR 2024-SFR4 Trust                                                                                                  | CUSIP: 85520AAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1647356 | PA      | $1654111.48   | 0.10%             | 2041-10-17      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC           | Avis Budget Rental Car Funding AESOP LLC                                                                              | CUSIP: 05377RJS4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    289000 | PA      | $296330.72    | 0.02%             | 2029-06-20      | Fixed         | 7.31%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 31418FMK0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1951598 | PA      | $1995090.66   | 0.12%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTERNATIONAL                             | American International Group Inc                                                                                      | CUSIP: 026874DW4<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2252015.33   | 0.14%             | 2030-05-07      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust                     | Mercedes-Benz Auto Lease Trust 2024-A                                                                                 | CUSIP: 58770JAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2385000 | PA      | $2416026.94   | 0.15%             | 2028-01-18      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| New Economy Assets Phase 1 Issuer LLC              | New Economy Assets - Phase 1 Sponsor LLC                                                                              | CUSIP: 643821AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    358000 | PA      | $299806.46    | 0.02%             | 2061-10-20      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                         | Progress Residential 2024-SFR3 Trust                                                                                  | CUSIP: 74331VAA4<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   2241747 | PA      | $2136459.47   | 0.13%             | 2041-06-17      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                       | CaixaBank SA                                                                                                          | CUSIP: 12803RAL8<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   1799000 | PA      | $1818135.08   | 0.11%             | 2031-07-03      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Receivables Trust       | Arivo Acceptance Auto Loan Receivables Trust 2025-1                                                                   | CUSIP: 039962AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    384000 | PA      | $385368.73    | 0.02%             | 2031-12-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                           | Benchmark 2018-B2 Mortgage Trust                                                                                      | CUSIP: 08161CAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    304956 | PA      | $301260.94    | 0.02%             | 2051-02-15      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                              | Wells Fargo & Co                                                                                                      | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   9125000 | PA      | $9339366.87   | 0.58%             | 2028-04-22      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC           | Avis Budget Rental Car Funding AESOP LLC                                                                              | CUSIP: 05377RFX7<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $502105.40    | 0.03%             | 2027-04-20      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| Multifamily Connecticut Avenue Securities          | Multifamily Connecticut Avenue Securities Trust 2025-01                                                               | CUSIP: 62549CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1081692 | PA      | $1088573.60   | 0.07%             | 2055-05-25      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 3140AAF51<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    883218 | PA      | $905181.87    | 0.06%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                | Petroleos Mexicanos                                                                                                   | CUSIP: 71654QDH2<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1784000 | PA      | $1782892.31   | 0.11%             | 2025-10-16      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3132DWNY5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    569949 | PA      | $583135.23    | 0.04%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| THE CAMPBELLS COMPANY                              | Campbell's Company/The                                                                                                | CUSIP: 134429BN8<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    255000 | PA      | $261943.73    | 0.02%             | 2029-03-21      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| NMEF Funding LLC                                   | NMEF Funding 2024-A LLC                                                                                               | CUSIP: 62919UAB9<br>LEI: 549300LKWL3P0UPHKL72 | Long             | ABS-O            | CORP              | US        |   1799769 | PA      | $1814449.93   | 0.11%             | 2031-12-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                              | Wells Fargo & Co                                                                                                      | CUSIP: 95000U3J0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    325000 | PA      | $334767.59    | 0.02%             | 2030-01-23      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust              | Mission Lane Credit Card Master Trust                                                                                 | CUSIP: 60510MCC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1203744.00   | 0.07%             | 2030-12-16      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                        | Hertz Vehicle Financing III LLC                                                                                       | CUSIP: 42806MCK3<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   1449000 | PA      | $1480199.43   | 0.09%             | 2029-01-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                | Bank of Nova Scotia/The                                                                                               | CUSIP: 06418GAU1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   2300000 | PA      | $2295874.70   | 0.14%             | 2028-09-15      | Fixed         | 4.04%                 | No            |                  2 | On Loan: No      |
| DURST Commercial Mortgage Trust                    | Durst Commercial Mortgage Trust 2025-151                                                                              | CUSIP: 266895AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3062000 | PA      | $3124686.80   | 0.19%             | 2042-08-10      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                         | Verus Securitization Trust 2025-3                                                                                     | CUSIP: 924928AA2<br>LEI: 213800DYYV3EM7TSTN14 | Long             | ABS-MBS          | CORP              | US        |   1749605 | PA      | $1768494.83   | 0.11%             | 2070-05-25      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust | GM Financial Consumer Automobile Receivables Trust 2024-1                                                             | CUSIP: 36268GAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    441000 | PA      | $443887.05    | 0.03%             | 2028-12-18      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                 | BMO 2024-5C3 Mortgage Trust                                                                                           | CUSIP: 09660QAW4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    561000 | PA      | $585173.83    | 0.04%             | 2057-02-15      | Variable      | 6.29%                 | No            |                  2 | On Loan: No      |
| Wingspire Equipment Finance LLC                    | Wingspire Equipment Finance 2025-1 LLC                                                                                | CUSIP: 97415CAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    320000 | PA      | $320221.57    | 0.02%             | 2033-09-20      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                             | General Motors Financial Co Inc                                                                                       | CUSIP: 37045XFB7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    900000 | PA      | $922147.29    | 0.06%             | 2030-01-07      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                            | Imperial Brands Finance PLC                                                                                           | CUSIP: 45262BAJ2<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |   5762000 | PA      | $5800633.00   | 0.36%             | 2028-06-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust             | Santander Drive Auto Receivables Trust 2024-1                                                                         | CUSIP: 80288AAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    558000 | PA      | $561275.24    | 0.03%             | 2028-12-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                        | Hertz Vehicle Financing III LLC                                                                                       | CUSIP: 42806MCT4<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   1616000 | PA      | $1632581.13   | 0.10%             | 2029-09-25      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| U.S. Bank National Association                     | US Bank NA                                                                                                            | CUSIP: 90357PBC7<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | ABS-O            | CORP              | US        |   1342791 | PA      | $1346947.34   | 0.08%             | 2032-02-25      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                     | Morgan Stanley                                                                                                        | CUSIP: 61747YEZ4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    270000 | PA      | $270595.29    | 0.02%             | 2027-01-28      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                          | Towd Point Mortgage Trust 2017-1                                                                                      | CUSIP: 89173FAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     69972 | PA      | $69665.64     | 0.00%             | 2056-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                      | Citigroup Inc                                                                                                         | CUSIP: 172967PF2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    550000 | PA      | $564285.11    | 0.03%             | 2030-02-13      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| BX Trust                                           | BX Commercial Mortgage Trust 2024-AIRC                                                                                | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2063374 | PA      | $2070199.49   | 0.13%             | 2039-08-15      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| PK ALIFT LOAN FUNDING                              | PK ALIFT Loan Funding 4 LP                                                                                            | CUSIP: 69381EAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1337729 | PA      | $1340954.93   | 0.08%             | 2039-10-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                        | Citibank NA                                                                                                           | CUSIP: 17325FBP2<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    903000 | PA      | $927992.39    | 0.06%             | 2030-05-29      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Steele Creek CLO Ltd                               | Steele Creek CLO 2019-1 LTD                                                                                           | CUSIP: 85817BAQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2245111 | PA      | $2245057.49   | 0.14%             | 2032-04-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                           | Occidental Petroleum Corp                                                                                             | CUSIP: 674599EH4<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   4692000 | PA      | $4746826.02   | 0.29%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINE HOLDCO                           | Columbia Pipelines Holding Co LLC                                                                                     | CUSIP: 19828AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $469720.83    | 0.03%             | 2028-08-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 31418FHZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1017129 | PA      | $1040191.28   | 0.06%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SFO Commerical Mortgage Trust                      | SFO Commercial Mortgage Trust 2021-555                                                                                | CUSIP: 78432WAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    362000 | PA      | $359096.62    | 0.02%             | 2038-05-15      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| AON GLOBAL LTD                                     | Aon Global Ltd                                                                                                        | CUSIP: 00185AAK0<br>LEI: VVT2B79I2Z4U3R6BY589 | Long             | DBT              | CORP              | GB        |   1353000 | PA      | $1351230.36   | 0.08%             | 2025-12-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Ondeck Asset Securitization Trust LLC              | OnDeck Asset Securitization IV LLC                                                                                    | CUSIP: 68237DAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1015000 | PA      | $1021496.61   | 0.06%             | 2032-04-19      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust      | Bridgecrest Lending Auto Securitization Trust 2024-4                                                                  | CUSIP: 10806EAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    787000 | PA      | $790303.35    | 0.05%             | 2030-08-15      | Fixed         | 4.77%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust              | Mission Lane Credit Card Master Trust                                                                                 | CUSIP: 60510MAY4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1212000 | PA      | $1223349.53   | 0.08%             | 2029-08-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| EOG RESOURCES INC                                  | EOG Resources Inc                                                                                                     | CUSIP: 26875PAX9<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    706000 | PA      | $712705.86    | 0.04%             | 2028-07-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                           | Benchmark 2020-B19 Mortgage Trust                                                                                     | CUSIP: 08162WBC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    351052 | PA      | $309220.54    | 0.02%             | 2053-09-15      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                   | Deutsche Bank AG/New York NY                                                                                          | CUSIP: 25160PAH0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   6260000 | PA      | $6123818.46   | 0.38%             | 2028-01-07      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                | Petroleos Mexicanos                                                                                                   | CUSIP: 71654QCB6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   3572000 | PA      | $3621475.77   | 0.22%             | 2026-08-04      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FS Trust                                           | FS Trust 2024-HULA                                                                                                    | CUSIP: 30338DAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $4012415.20   | 0.25%             | 2039-08-15      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust     | Morgan Stanley Residential Mortgage Loan Trust 2024-NQM2                                                              | CUSIP: 61776HAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1383226 | PA      | $1402634.43   | 0.09%             | 2069-05-25      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                           | Ford Motor Credit Co LLC                                                                                              | CUSIP: 345397E74<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   7379000 | PA      | $7472917.26   | 0.46%             | 2027-05-17      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                          | Uniform Mortgage-Backed Security, TBA                                                                                 | CUSIP: 01F0626A4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2154000 | PA      | $2226245.03   | 0.14%             | 2054-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                         | LAD Auto Receivables Trust 2024-2                                                                                     | CUSIP: 505920AG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $181123.92    | 0.01%             | 2031-10-15      | Fixed         | 6.37%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                            | HCA Inc                                                                                                               | CUSIP: 404119BT5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    205000 | PA      | $205420.73    | 0.01%             | 2026-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                         | GLS Auto Receivables Issuer Trust 2023-3                                                                              | CUSIP: 36267PAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    531866 | PA      | $533159.52    | 0.03%             | 2028-01-18      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                   | Fannie Mae Connecticut Avenue Securities                                                                              | CUSIP: 20754TAB8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    577132 | PA      | $578140.89    | 0.04%             | 2045-02-25      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 31418FML8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    962048 | PA      | $995048.26    | 0.06%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC           | Avis Budget Rental Car Funding AESOP LLC                                                                              | CUSIP: 05377RGN8<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1011279.50   | 0.06%             | 2027-10-20      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                            | CF Hippolyta Issuer LLC                                                                                               | CUSIP: 12530MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1342937 | PA      | $1160853.47   | 0.07%             | 2060-07-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| Verdant Receivables LLC                            | Verdant Receivables 2024-1 LLC                                                                                        | CUSIP: 92339MAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    164000 | PA      | $170266.69    | 0.01%             | 2031-12-12      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                           | Constellation Brands Inc                                                                                              | CUSIP: 21036PBK3<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    390000 | PA      | $391311.27    | 0.02%             | 2027-05-09      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds               | Chile Government International Bonds                                                                                  | CUSIP: 168863EB0<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   1335000 | PA      | $1367574.00   | 0.08%             | 2029-01-22      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                                | Wells Fargo Bank NA                                                                                                   | CUSIP: 94988J6D4<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1719008.58   | 0.11%             | 2026-08-07      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRIS                           | Public Service Enterprise Group Inc                                                                                   | CUSIP: 744573BA3<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |   1282000 | PA      | $1311518.10   | 0.08%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                 | Energy Transfer LP                                                                                                    | CUSIP: 29273VAS9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    438000 | PA      | $461260.22    | 0.03%             | 2028-12-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                       | Dell Equipment Finance Trust 2024-2                                                                                   | CUSIP: 24704EAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1992000 | PA      | $2010731.57   | 0.12%             | 2030-08-22      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| CHEVRON PHILLIPS CHEM CO                           | Chevron Phillips Chemical Co LLC / Chevron Phillips Chemical Co LP                                                    | CUSIP: 166754AX9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    581000 | PA      | $591288.37    | 0.04%             | 2030-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                             | Canadian Imperial Bank of Commerce                                                                                    | CUSIP: 13607PHT4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   5945000 | PA      | $5963960.75   | 0.37%             | 2027-09-11      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                   | Altria Group Inc                                                                                                      | CUSIP: 02209SBS1<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |   5898000 | PA      | $5995315.41   | 0.37%             | 2028-02-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                     | Morgan Stanley                                                                                                        | CUSIP: 61747YFF7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1370000 | PA      | $1415817.40   | 0.09%             | 2029-07-20      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                           | Mill City Mortgage Loan Trust 2019-GS2                                                                                | CUSIP: 59981TAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    206287 | PA      | $200886.22    | 0.01%             | 2059-08-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust              | Mission Lane Credit Card Master Trust                                                                                 | CUSIP: 60510MCA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2541000 | PA      | $2548826.28   | 0.16%             | 2030-12-16      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                | Freddie Mac STACR REMIC Trust 2025-DNA1                                                                               | CUSIP: 35564NFY4<br>LEI: 529900WZAMS87JCAOC53 | Long             | ABS-MBS          | USGSE             | US        |    813550 | PA      | $814482.98    | 0.05%             | 2045-01-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3132DQ3W4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     28382 | PA      | $29269.33     | 0.00%             | 2053-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC                                 | Ingersoll Rand Inc                                                                                                    | CUSIP: 45687VAD8<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |    312000 | PA      | $322511.79    | 0.02%             | 2029-06-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                            | Bristol-Myers Squibb Co                                                                                               | CUSIP: 110122EF1<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1129758.86   | 0.07%             | 2029-02-22      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP                                  | Hyatt Hotels Corp                                                                                                     | CUSIP: 448579AU6<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |    600000 | PA      | $609909.98    | 0.04%             | 2028-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MMP Capital                                        | MMP Capital 2025-A LLC                                                                                                | CUSIP: 55317QAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    830000 | PA      | $845614.38    | 0.05%             | 2031-12-15      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                       | Hudson Yards 2025-SPRL Mortgage Trust                                                                                 | CUSIP: 44855PAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3625000 | PA      | $3749557.90   | 0.23%             | 2040-01-13      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| Aero Capital Solutions Fund IV LP                  | Aero Capital Solutions Fund IV LP Term Loan                                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1785556 | PA      | $1772164.18   | 0.11%             | 2029-11-17      | Variable      | 7.15%                 | No            |                  3 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                            | Hyundai Capital America                                                                                               | CUSIP: 44891ACR6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     53000 | PA      | $56199.50     | 0.00%             | 2029-01-16      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                        | Equinix Inc                                                                                                           | CUSIP: 29444UBQ8<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |   6075000 | PA      | $5971698.27   | 0.37%             | 2026-05-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                     | Home Depot Inc/The                                                                                                    | CUSIP: 437076DB5<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    750000 | PA      | $762687.08    | 0.05%             | 2027-06-25      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NMEF Funding LLC                                   | NMEF Funding 2025-A LLC                                                                                               | CUSIP: 62919VAC5<br>LEI: 549300LKWL3P0UPHKL72 | Long             | ABS-O            | CORP              | US        |   1958000 | PA      | $1980680.69   | 0.12%             | 2032-07-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                          | CIM TRUST 2025-R1                                                                                                     | CUSIP: 12575LAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2446236 | PA      | $2434657.23   | 0.15%             | 2099-02-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3133CUL20<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     33883 | PA      | $34682.93     | 0.00%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                     | Apidos CLO XXXII                                                                                                      | CUSIP: 03768RAQ9<br>LEI: 549300CXPXW83QGWOL98 | Long             | ABS-CBDO         | CORP              | KY        |   1155758 | PA      | $1157403.81   | 0.07%             | 2033-01-20      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Ondeck Asset Securitization Trust LLC              | OnDeck Asset Securitization Trust IV LLC                                                                              | CUSIP: 67108SAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1001000 | PA      | $1004371.97   | 0.06%             | 2031-10-17      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                     | Morgan Stanley                                                                                                        | CUSIP: 61747YFQ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2157000 | PA      | $2252908.27   | 0.14%             | 2030-04-18      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                         | GLS Auto Receivables Issuer Trust 2025-1                                                                              | CUSIP: 36271KAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1083000 | PA      | $1095243.75   | 0.07%             | 2029-07-16      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| EquipmentShare                                     | OWN Equipment Fund I LLC                                                                                              | CUSIP: 69121NAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2144146 | PA      | $2178342.15   | 0.13%             | 2032-12-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER CO                                   | Georgia Power Co                                                                                                      | CUSIP: 373334KV2<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |   1647000 | PA      | $1670890.77   | 0.10%             | 2027-02-23      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC           | Avis Budget Rental Car Funding AESOP LLC                                                                              | CUSIP: 05377RGL2<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    290000 | PA      | $293877.47    | 0.02%             | 2027-10-20      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                        | Oracle Corp                                                                                                           | CUSIP: 68389XCC7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    650000 | PA      | $642420.56    | 0.04%             | 2026-03-25      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                | Freddie Mac STACR REMIC Trust 2025-DNA2                                                                               | CUSIP: 35564NHY2<br>LEI: 529900XX8WXEM4FBIH80 | Long             | ABS-MBS          | USGSE             | US        |    978095 | PA      | $981060.19    | 0.06%             | 2045-05-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Manhattan West                                     | Manhattan West 2020-1MW Mortgage Trust                                                                                | CUSIP: 563136AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    857000 | PA      | $817204.52    | 0.05%             | 2039-09-10      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                          | Towd Point Mortgage Trust 2016-3                                                                                      | CUSIP: 89172YAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1758986 | PA      | $1751132.86   | 0.11%             | 2056-04-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                             | US 10YR NOTE (CBT)DEC25                                                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -323 | NC      | $-142274.36   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON USA INC                                    | Chevron USA Inc                                                                                                       | CUSIP: 166756BD7<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |   1043000 | PA      | $1067914.39   | 0.07%             | 2030-04-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| NUTRIEN LTD                                        | Nutrien Ltd                                                                                                           | CUSIP: 67077MAY4<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |    279000 | PA      | $279327.29    | 0.02%             | 2025-11-07      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust      | Bridgecrest Lending Auto Securitization Trust 2024-2                                                                  | CUSIP: 10805MAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2020623.00   | 0.12%             | 2030-02-15      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                           | Benchmark 2018-B7 Mortgage Trust                                                                                      | CUSIP: 08162TBB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    145059 | PA      | $145499.54    | 0.01%             | 2053-05-15      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust              | Mission Lane Credit Card Master Trust                                                                                 | CUSIP: 60510MBW7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    427000 | PA      | $428487.24    | 0.03%             | 2031-09-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                           | Occidental Petroleum Corp                                                                                             | CUSIP: 674599EJ0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    625000 | PA      | $634648.75    | 0.04%             | 2029-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                   | Fannie Mae Connecticut Avenue Securities                                                                              | CUSIP: 20753UAA8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    815637 | PA      | $815940.39    | 0.05%             | 2044-01-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3132DTUK4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    686007 | PA      | $713966.77    | 0.04%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                         | Verus Securitization Trust 2025-7                                                                                     | CUSIP: 924931AC2<br>LEI: 213800OVCAXDOBS94P47 | Long             | ABS-MBS          | CORP              | US        |   2823143 | PA      | $2837658.13   | 0.17%             | 2070-08-25      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| MMP Capital                                        | MMP Capital 2025-A LLC                                                                                                | CUSIP: 55317QAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    479257 | PA      | $483172.28    | 0.03%             | 2031-12-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                 | EFMT 2025-NQM4                                                                                                        | CUSIP: 26846RAA1<br>LEI: 254900QTMZ2ZHRYMFA85 | Long             | ABS-MBS          | CORP              | US        |   5667241 | PA      | $5679232.44   | 0.35%             | 2070-09-25      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| Wingspire Equipment Finance LLC                    | Wingspire Equipment Finance 2024-1 LLC                                                                                | CUSIP: 97415AAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    299028 | PA      | $300878.59    | 0.02%             | 2032-09-20      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                           | OBX 2022-NQM9 Trust                                                                                                   | CUSIP: 67118LAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    668907 | PA      | $667833.20    | 0.04%             | 2062-09-25      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                         | US Bancorp                                                                                                            | CUSIP: 91159HJQ4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103412.77    | 0.01%             | 2030-01-23      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                           | Benchmark 2024-V10 Mortgage Trust                                                                                     | CUSIP: 08163UAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     53362 | PA      | $54968.53     | 0.00%             | 2057-09-15      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                             | Philip Morris International Inc                                                                                       | CUSIP: 718172CU1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   2798000 | PA      | $2800006.50   | 0.17%             | 2025-11-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SLAM LLC                                           | Slam Ltd                                                                                                              | CUSIP: 83100AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    985450 | PA      | $995171.15    | 0.06%             | 2049-09-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                           | Marsh & McLennan Cos Inc                                                                                              | CUSIP: 571748CA8<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |   1355000 | PA      | $1378236.46   | 0.08%             | 2030-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                            | BPCE SA                                                                                                               | CUSIP: 05571AAQ8<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   7059000 | PA      | $7220472.44   | 0.45%             | 2027-10-19      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                     | CPS Auto Receivables Trust 2023-C                                                                                     | CUSIP: 223928AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    465000 | PA      | $468666.06    | 0.03%             | 2029-10-15      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                         | Affirm Asset Securitization Trust 2024-A                                                                              | CUSIP: 00834BAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3014070.30   | 0.19%             | 2029-02-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                         | Verus Securitization Trust 2025-5                                                                                     | CUSIP: 92540XAA9<br>LEI: 213800Z7TIVJRAYLRV98 | Long             | ABS-MBS          | CORP              | US        |   3131545 | PA      | $3157507.63   | 0.19%             | 2070-06-25      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                         | Verus Securitization Trust 2024-4                                                                                     | CUSIP: 92540GAA6<br>LEI: 213800WNY873LW1L3M73 | Long             | ABS-MBS          | CORP              | US        |    982018 | PA      | $996054.14    | 0.06%             | 2069-06-25      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 3140NQLE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     29066 | PA      | $29422.35     | 0.00%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALI Mortgage Trust                                | Cali 2024-Sun                                                                                                         | CUSIP: 12988DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    454000 | PA      | $455701.68    | 0.03%             | 2041-07-15      | Floating      | 6.11%                 | No            |                  2 | On Loan: No      |
| Post Road Equipment Finance                        | Post Road Equipment Finance 2025-1 LLC                                                                                | CUSIP: 73747LAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3450000 | PA      | $3505776.15   | 0.22%             | 2031-05-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust                              | Arroyo Mortgage Trust 2019-2                                                                                          | CUSIP: 042858AC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    275709 | PA      | $269673.55    | 0.02%             | 2049-04-25      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                           | Toyota Motor Credit Corp                                                                                              | CUSIP: 89236TNA9<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1520109.85   | 0.09%             | 2030-01-09      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                          | Towd Point Mortgage Trust 2024-3                                                                                      | CUSIP: 89183FAP3<br>LEI: 549300164ZV2301BC703 | Long             | ABS-MBS          | CORP              | US        |   1576089 | PA      | $1594891.89   | 0.10%             | 2065-07-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank                       | Huntington Bank Auto Credit-Linked Notes Series 2025-1                                                                | CUSIP: 446438SX2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4041752 | PA      | $4068632.90   | 0.25%             | 2033-03-21      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                        | Hertz Vehicle Financing III LLC                                                                                       | CUSIP: 42806MCU1<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   3709000 | PA      | $3753336.64   | 0.23%             | 2029-09-25      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                    | CVS Health Corp                                                                                                       | CUSIP: 126650DW7<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    210000 | PA      | $214173.89    | 0.01%             | 2029-01-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC                                 | Ingersoll Rand Inc                                                                                                    | CUSIP: 45687VAC0<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |    650000 | PA      | $661224.82    | 0.04%             | 2027-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                           | OBX 2024-HYB1 Trust                                                                                                   | CUSIP: 67448MAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    927466 | PA      | $913394.48    | 0.06%             | 2053-03-25      | Variable      | 3.63%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                       | UBS Group AG                                                                                                          | CUSIP: 902613AH1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    515000 | PA      | $502932.61    | 0.03%             | 2027-08-10      | Fixed         | 1.49%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                 | BMO 2023-C6 MORTGAGE TRUST                                                                                            | CUSIP: 055985AE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     60000 | PA      | $64026.44     | 0.00%             | 2056-09-15      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust             | Santander Drive Auto Receivables Trust 2024-1                                                                         | CUSIP: 80288AAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     49685 | PA      | $49764.06     | 0.00%             | 2028-04-17      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LYB INT FINANCE III                                | LYB International Finance III LLC                                                                                     | CUSIP: 50249AAF0<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |   1370000 | PA      | $1370000.00   | 0.08%             | 2025-10-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                               | FirstKey Homes 2022-SFR1 Trust                                                                                        | CUSIP: 33768NAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    484739 | PA      | $482959.63    | 0.03%             | 2039-05-19      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                             | Daimler Truck Finance North America LLC                                                                               | CUSIP: 233853BC3<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    933000 | PA      | $946547.51    | 0.06%             | 2028-01-13      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                         | LAD Auto Receivables Trust 2024-1                                                                                     | CUSIP: 501689AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    367000 | PA      | $373021.92    | 0.02%             | 2029-02-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| BXP Trust                                          | BXP Trust 2017-GM                                                                                                     | CUSIP: 056083AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    887000 | PA      | $866972.78    | 0.05%             | 2039-06-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                             | Pacific Gas and Electric Co                                                                                           | CUSIP: 694308HP5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   2484000 | PA      | $2467179.49   | 0.15%             | 2026-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC           | Avis Budget Rental Car Funding AESOP LLC                                                                              | CUSIP: 05377RDY7<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    291667 | PA      | $290143.47    | 0.02%             | 2027-02-20      | Fixed         | 2.02%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust              | Westlake Automobile Receivables Trust 2025-2                                                                          | CUSIP: 96041KAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3026964.60   | 0.19%             | 2031-05-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization Trust                 | Tricolor Auto Securitization Trust 2025-1                                                                             | CUSIP: 89617CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3596136 | PA      | $2651527.41   | 0.16%             | 2029-02-15      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                         | LAD Auto Receivables Trust 2023-3                                                                                     | CUSIP: 50168BAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    318000 | PA      | $319881.86    | 0.02%             | 2028-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                             | Diamondback Energy Inc                                                                                                | CUSIP: 25278XAX7<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   4935000 | PA      | $5007952.23   | 0.31%             | 2027-04-18      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                     | Eli Lilly & Co                                                                                                        | CUSIP: 532457CV8<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   1192000 | PA      | $1223236.17   | 0.08%             | 2030-02-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust             | Santander Drive Auto Receivables Trust 2024-2                                                                         | CUSIP: 80286YAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1517000 | PA      | $1540786.56   | 0.09%             | 2029-07-16      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                    | Bravo Residential Funding Trust Series 2025-NQM1                                                                      | CUSIP: 10569MAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5284302 | PA      | $5333944.76   | 0.33%             | 2064-12-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                | Toyota Auto Receivables 2024-A Owner Trust                                                                            | CUSIP: 89238DAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1283000 | PA      | $1291787.27   | 0.08%             | 2028-10-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3133CN2G6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    495445 | PA      | $500443.85    | 0.03%             | 2054-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitization Trust           | Castlelake Aircraft Structured Trust 2025-1                                                                           | CUSIP: 14856VAA5<br>LEI: 549300MHTIBONNXM3R82 | Long             | ABS-O            | CORP              | US        |   2263406 | PA      | $2301351.57   | 0.14%             | 2050-02-15      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| LV Trust                                           | Fashion Show Mall LLC                                                                                                 | CUSIP: 50245XAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2549000 | PA      | $2588011.17   | 0.16%             | 2041-10-10      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                            | Goldman Sachs Group Inc/The                                                                                           | CUSIP: 38141GB60<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2694000 | PA      | $2729084.85   | 0.17%             | 2030-10-23      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                     | CPS Auto Receivables Trust 2024-B                                                                                     | CUSIP: 12627SAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2015886.40   | 0.12%             | 2028-10-16      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Marble Point CLO Ltd.                              | Marble Point CLO XV Ltd                                                                                               | CUSIP: 56606YAW5<br>LEI: 549300CO8XB55W8SS394 | Long             | ABS-CBDO         | CORP              | KY        |    922689 | PA      | $922533.53    | 0.06%             | 2032-07-23      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Farmer Mac Agricultural Real Estate Trust          | FARM 2024-2 Mortgage Trust                                                                                            | CUSIP: 307910AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    552795 | PA      | $553527.88    | 0.03%             | 2054-08-01      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Limited                | TMCL VII Holdings Ltd                                                                                                 | CUSIP: 87257FAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | BM        |   1988297 | PA      | $1994678.70   | 0.12%             | 2050-07-23      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                   | Deutsche Bank AG/New York NY                                                                                          | CUSIP: 251526DA4<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1250000 | PA      | $1280714.26   | 0.08%             | 2031-05-09      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                        | Oracle Corp                                                                                                           | CUSIP: 68389XDH5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3499088.32   | 0.22%             | 2030-09-26      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                              | Toronto-Dominion Bank/The                                                                                             | CUSIP: 89115A3C4<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    458000 | PA      | $468414.43    | 0.03%             | 2029-12-17      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                | Exeter Automobile Receivables Trust 2024-1                                                                            | CUSIP: 30167PAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    355000 | PA      | $359398.81    | 0.02%             | 2030-05-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                       | UBS Group AG                                                                                                          | CUSIP: 902613BJ6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1330000 | PA      | $1374386.28   | 0.08%             | 2030-02-08      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                             | PNC Financial Services Group Inc/The                                                                                  | CUSIP: 693475CB9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    394000 | PA      | $407210.95    | 0.03%             | 2031-01-29      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                | JPMorgan Chase & Co                                                                                                   | CUSIP: 46647PBW5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    197000 | PA      | $194848.78    | 0.01%             | 2027-02-04      | Fixed         | 1.04%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                          | Boeing Co/The                                                                                                         | CUSIP: 097023DA0<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    149000 | PA      | $148167.77    | 0.01%             | 2026-02-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| SFO Commerical Mortgage Trust                      | SFO Commercial Mortgage Trust 2021-555                                                                                | CUSIP: 78432WAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $993618.10    | 0.06%             | 2038-05-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Bank5                                              | BANK5 2024-5YR12                                                                                                      | CUSIP: 06644XBG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $368784.68    | 0.02%             | 2057-12-15      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| BAT INTL FINANCE PLC                               | BAT International Finance PLC                                                                                         | CUSIP: 05530QAQ3<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |   1456000 | PA      | $1529832.71   | 0.09%             | 2029-02-02      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                         | US Bancorp                                                                                                            | CUSIP: 91159HJM3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    266000 | PA      | $276877.82    | 0.02%             | 2029-06-12      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust      | Bridgecrest Lending Auto Securitization Trust 2024-3                                                                  | CUSIP: 10805NAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1441000 | PA      | $1470981.30   | 0.09%             | 2030-05-15      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                | JPMorgan Chase & Co                                                                                                   | CUSIP: 46647PEG7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1145000 | PA      | $1196293.05   | 0.07%             | 2030-04-22      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                           | Toyota Motor Credit Corp                                                                                              | CUSIP: 89236TMK8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    900000 | PA      | $914185.85    | 0.06%             | 2029-08-09      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 31418FMX2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    212979 | PA      | $219949.05    | 0.01%             | 2040-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                           | Lloyds Banking Group PLC                                                                                              | CUSIP: 53944YAZ6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   3335000 | PA      | $3385513.08   | 0.21%             | 2028-01-05      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                               | Verizon Master Trust                                                                                                  | CUSIP: 92348KDE0<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   1937000 | PA      | $1947466.77   | 0.12%             | 2030-08-20      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                             | Philip Morris International Inc                                                                                       | CUSIP: 718172DT3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1543000 | PA      | $1550630.23   | 0.10%             | 2030-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                           | Ford Motor Credit Co LLC                                                                                              | CUSIP: 345397H48<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    877000 | PA      | $884592.23    | 0.05%             | 2030-09-05      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust              | Westlake Automobile Receivables Trust 2023-1                                                                          | CUSIP: 96042XAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     50656 | PA      | $50680.89     | 0.00%             | 2028-01-18      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                             | Canadian Imperial Bank of Commerce                                                                                    | CUSIP: 13607PVQ4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   1125000 | PA      | $1162137.23   | 0.07%             | 2031-01-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CFG Investments Limited                            | CFG Investments Ltd                                                                                                   | CUSIP: 12528GAM4<br>LEI: 549300C3OD89QRWQ1Y92 | Long             | ABS-O            | CORP              | KY        |   1489000 | PA      | $1514611.10   | 0.09%             | 2036-03-25      | Fixed         | 6.47%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                | American Express Co                                                                                                   | CUSIP: 025816DY2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    800000 | PA      | $825168.26    | 0.05%             | 2031-01-30      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                          | Towd Point Mortgage Trust 2016-2                                                                                      | CUSIP: 89172PAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    226920 | PA      | $224270.15    | 0.01%             | 2055-08-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                         | Affirm Asset Securitization Trust 2024-A                                                                              | CUSIP: 00834BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1046000 | PA      | $1050905.74   | 0.06%             | 2029-02-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                                | Sounds Point CLO IV-R LTD                                                                                             | CUSIP: 83609YAC0<br>LEI: 549300HOEGQTNS4MTZ12 | Long             | ABS-CBDO         | CORP              | KY        |    131127 | PA      | $131241.31    | 0.01%             | 2031-04-18      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| Frontier Issuer LLC                                | Frontier Issuer LLC                                                                                                   | CUSIP: 35910EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3515000 | PA      | $3571355.64   | 0.22%             | 2053-08-20      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                   | COLT 2023-1 Mortgage Loan Trust                                                                                       | CUSIP: 19688NAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    785931 | PA      | $789066.85    | 0.05%             | 2068-04-25      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                           | Marsh & McLennan Cos Inc                                                                                              | CUSIP: 571748BY7<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2680647.78   | 0.17%             | 2027-11-08      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                         | Progress Residential 2025-SFR3 Trust                                                                                  | CUSIP: 74334BAA5<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    997000 | PA      | $945370.85    | 0.06%             | 2042-07-17      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                         | GLS Auto Receivables Issuer Trust 2023-3                                                                              | CUSIP: 36267PAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    151000 | PA      | $152366.82    | 0.01%             | 2029-05-15      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                              | Toronto-Dominion Bank/The                                                                                             | CUSIP: 89115A2U5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    180000 | PA      | $186991.24    | 0.01%             | 2028-07-17      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                         | GLS Auto Receivables Issuer Trust 2025-3                                                                              | CUSIP: 37989YAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1307000 | PA      | $1312616.31   | 0.08%             | 2030-01-15      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC           | Avis Budget Rental Car Funding AESOP LLC                                                                              | CUSIP: 05377RFV1<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    118000 | PA      | $118732.97    | 0.01%             | 2027-04-20      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                | American Express Co                                                                                                   | CUSIP: 025816DU0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    335000 | PA      | $350138.68    | 0.02%             | 2030-04-25      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                  | Brown & Brown Inc                                                                                                     | CUSIP: 115236AJ0<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   4650000 | PA      | $4696902.97   | 0.29%             | 2028-06-23      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                        | Citibank NA                                                                                                           | CUSIP: 17325FBF4<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3524156.34   | 0.22%             | 2026-04-30      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| First National Master Note Trust                   | First National Master Note Trust                                                                                      | CUSIP: 32113CCB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2110000 | PA      | $2156050.12   | 0.13%             | 2030-05-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| Crossroads Asset Trust                             | Crossroads Asset Trust 2024-A                                                                                         | CUSIP: 227927AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    697941 | PA      | $707502.74    | 0.04%             | 2030-08-20      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                           | OBX 2024-NQM7 Trust                                                                                                   | CUSIP: 67119FAA1<br>LEI: 254900FVMB3WTXJGGR91 | Long             | ABS-MBS          | CORP              | US        |   1064827 | PA      | $1079743.52   | 0.07%             | 2064-03-25      | Variable      | 6.24%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                         | LAD Auto Receivables Trust 2024-1                                                                                     | CUSIP: 501689AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    194046 | PA      | $194536.12    | 0.01%             | 2028-01-18      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                | JPMorgan Chase & Co                                                                                                   | CUSIP: 46647PEE2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2705000 | PA      | $2764825.51   | 0.17%             | 2028-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                     | Morgan Stanley                                                                                                        | CUSIP: 61747YFK6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    575000 | PA      | $591090.36    | 0.04%             | 2030-01-16      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                            | Goldman Sachs Group Inc/The                                                                                           | CUSIP: 38141GA87<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   4069000 | PA      | $4258083.66   | 0.26%             | 2030-04-25      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                       | Drive Auto Receivables Trust 2025-1                                                                                   | CUSIP: 262102AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1849000 | PA      | $1863949.17   | 0.11%             | 2032-09-15      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                       | CaixaBank SA                                                                                                          | CUSIP: 12803RAB0<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   5564000 | PA      | $5685918.81   | 0.35%             | 2027-09-13      | Fixed         | 6.68%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                           | Citizens Financial Group Inc                                                                                          | CUSIP: 174610BF1<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    379000 | PA      | $395126.65    | 0.02%             | 2030-01-23      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 31418FBP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4103337 | PA      | $4197158.56   | 0.26%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                | GS Mortgage-Backed Securities Trust 2024-RPL2                                                                         | CUSIP: 36269MAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    601421 | PA      | $588868.89    | 0.04%             | 2061-07-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                            | Hyundai Capital America                                                                                               | CUSIP: 44891ADA2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1454000 | PA      | $1466153.20   | 0.09%             | 2026-06-24      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                       | Ford Credit Auto Lease Trust 2024-A                                                                                   | CUSIP: 345290AE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $176183.63    | 0.01%             | 2027-06-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MARS INC                                           | Mars Inc                                                                                                              | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   3227000 | PA      | $3267155.21   | 0.20%             | 2028-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                     | Palmer Square Loan Funding 2022-4 Ltd                                                                                 | CUSIP: 69702YAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    889000 | PA      | $889929.89    | 0.05%             | 2031-07-24      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                | Exeter Automobile Receivables Trust 2024-4                                                                            | CUSIP: 30166UAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    423000 | PA      | $427123.83    | 0.03%             | 2030-08-15      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                     | Consumer Portfolio Services Auto Trust 2025-B                                                                         | CUSIP: 12630SAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1929000 | PA      | $1941558.56   | 0.12%             | 2029-11-15      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                        | Citibank NA                                                                                                           | CUSIP: 17325FBK3<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    780000 | PA      | $799140.13    | 0.05%             | 2029-08-06      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 3140A6M52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    102442 | PA      | $106073.82    | 0.01%             | 2054-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                  | PRPM 2025-RPL3 LLC                                                                                                    | CUSIP: 69392NAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1756211 | PA      | $1694537.36   | 0.10%             | 2055-04-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                          | Amgen Inc                                                                                                             | CUSIP: 031162DP2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   3844000 | PA      | $3934318.89   | 0.24%             | 2028-03-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Banc of America Commercial Mortgage Trust          | Banc of America Commercial Mortgage Trust 2015-UBS7                                                                   | CUSIP: 06054AAX7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16670 | PA      | $16636.71     | 0.00%             | 2048-09-15      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                         | MFA 2024-NQM2 Trust                                                                                                   | CUSIP: 58004JAA0<br>LEI: 254900MMVXALAH2X8D73 | Long             | ABS-MBS          | CORP              | US        |   3705012 | PA      | $3713906.85   | 0.23%             | 2069-08-25      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| ALA Trust                                          | ALA Trust 2025-OANA                                                                                                   | CUSIP: 009920AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3550000 | PA      | $3573638.74   | 0.22%             | 2040-06-15      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                       | Enbridge Inc                                                                                                          | CUSIP: 29250NBW4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   4782000 | PA      | $4867322.12   | 0.30%             | 2026-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                               | Royal Bank of Canada                                                                                                  | CUSIP: 78016FZT4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1580000 | PA      | $1582912.24   | 0.10%             | 2026-01-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                          | Uniform Mortgage-Backed Security, TBA                                                                                 | CUSIP: 01F0606A8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  51935000 | PA      | $53064270.49  | 3.27%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                | Charles Schwab Corp/The                                                                                               | CUSIP: 808513CD5<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    115000 | PA      | $119453.46    | 0.01%             | 2029-05-19      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                            | Metropolitan Life Global Funding I                                                                                    | CUSIP: 59217GBY4<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   3985000 | PA      | $3961163.48   | 0.24%             | 2026-12-18      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                     | Morgan Stanley                                                                                                        | CUSIP: 61747YEV3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    108000 | PA      | $112556.39    | 0.01%             | 2028-10-18      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                  | Johnson & Johnson                                                                                                     | CUSIP: 478160CU6<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    750000 | PA      | $773541.32    | 0.05%             | 2029-06-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Citizens Auto Receivables Trust                    | Citizens Auto Receivables Trust 2023-2                                                                                | CUSIP: 17295FAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    418749 | PA      | $422100.63    | 0.03%             | 2028-02-15      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                       | GS Mortgage Securities Trust 2017-GS6                                                                                 | CUSIP: 36253PAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    454000 | PA      | $447281.84    | 0.03%             | 2050-05-10      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                         | Flagship Credit Auto Trust 2023-3                                                                                     | CUSIP: 33846BAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    399000 | PA      | $402576.64    | 0.02%             | 2029-07-16      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| GM Financial Revolving Receivables Trust           | GM Financial Revolving Receivables Trust 2023-2                                                                       | CUSIP: 36268DAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    773000 | PA      | $811361.36    | 0.05%             | 2036-08-11      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust              | Westlake Automobile Receivables Trust 2023-3                                                                          | CUSIP: 96041CAL6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    597000 | PA      | $605217.29    | 0.04%             | 2028-09-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| Wingspire Equipment Finance LLC                    | Wingspire Equipment Finance 2024-1 LLC                                                                                | CUSIP: 97415AAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    667000 | PA      | $673316.62    | 0.04%             | 2032-09-20      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                            | Pfizer Investment Enterprises Pte Ltd                                                                                 | CUSIP: 716973AC6<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    830000 | PA      | $839593.18    | 0.05%             | 2028-05-19      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Post Road Equipment Finance                        | Post Road Equipment Finance 2025-1 LLC                                                                                | CUSIP: 73747LAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    894000 | PA      | $901499.94    | 0.06%             | 2031-05-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                     | Palmer Square Loan Funding 2022-4 Ltd                                                                                 | CUSIP: 69702YAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    226562 | PA      | $226622.14    | 0.01%             | 2031-07-24      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Mercury Financial Credit Card Master Trust         | Mercury Financial Credit Card Master Trust                                                                            | CUSIP: 58940BAZ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1638000 | PA      | $1651306.13   | 0.10%             | 2029-07-20      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                      | Boeing Co/The                                                                                                         | CUSIP: 097023DQ5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    378000 | PA      | $401258.98    | 0.02%             | 2029-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                                  | Kinder Morgan Inc                                                                                                     | CUSIP: 494553AD2<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    319000 | PA      | $326290.51    | 0.02%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PEAC Solutions Receivables LLC                     | PEAC Solutions Receivables 2024-2 LLC                                                                                 | CUSIP: 69392BAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    293000 | PA      | $295005.64    | 0.02%             | 2031-10-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                         | GLS Auto Receivables Issuer Trust 2025-1                                                                              | CUSIP: 36271KAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3041073.00   | 0.19%             | 2030-11-15      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| BX Trust                                           | BX Commercial Mortgage Trust 2024-GPA3                                                                                | CUSIP: 123910AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2014653 | PA      | $2022044.10   | 0.12%             | 2039-12-15      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                               | Edison International                                                                                                  | CUSIP: 281020AW7<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    223000 | PA      | $236790.05    | 0.01%             | 2029-11-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC                                 | Ingersoll Rand Inc                                                                                                    | CUSIP: 45687VAA4<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |    260000 | PA      | $269018.77    | 0.02%             | 2028-08-14      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                 | BMO 2024-5C6 Mortgage Trust                                                                                           | CUSIP: 05593QAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1784000 | PA      | $1838999.47   | 0.11%             | 2057-09-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                             | Marriott International Inc/MD                                                                                         | CUSIP: 571903BP7<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    350000 | PA      | $356947.66    | 0.02%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 31418EZL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     34708 | PA      | $35100.60     | 0.00%             | 2054-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                               | Verizon Master Trust                                                                                                  | CUSIP: 92348KEC3<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   2825000 | PA      | $2901927.58   | 0.18%             | 2033-03-21      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC           | Avis Budget Rental Car Funding AESOP LLC                                                                              | CUSIP: 05377RJY1<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    770000 | PA      | $786270.10    | 0.05%             | 2030-02-20      | Fixed         | 7.52%                 | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization Equity Trust        | AASET 2025-1                                                                                                          | CUSIP: 00258PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1518475 | PA      | $1554609.21   | 0.10%             | 2050-02-16      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| Auxilior Term Funding LLC                          | Auxilior Term Funding 2024-1 LLC                                                                                      | CUSIP: 05335FAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    668130 | PA      | $671250.77    | 0.04%             | 2027-03-15      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                             | PNC Financial Services Group Inc/The                                                                                  | CUSIP: 693475BR5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    108000 | PA      | $111931.89    | 0.01%             | 2029-06-12      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| XCEL ENERGY INC                                    | Xcel Energy Inc                                                                                                       | CUSIP: 98389BBD1<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |   1677000 | PA      | $1698287.39   | 0.10%             | 2028-03-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FIVE 2023-V1                                       | FIVE 2023-V1 Mortgage Trust                                                                                           | CUSIP: 337964AC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1216000 | PA      | $1247488.81   | 0.08%             | 2056-02-10      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust              | Wells Fargo Commercial Mortgage Trust 2024-5C2                                                                        | CUSIP: 95003UAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    225000 | PA      | $237099.74    | 0.01%             | 2057-11-15      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| Citizens Auto Receivables Trust                    | Citizens Auto Receivables Trust 2023-2                                                                                | CUSIP: 17295FAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    680000 | PA      | $695308.16    | 0.04%             | 2030-10-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| GM Financial Revolving Receivables Trust           | GM Financial Revolving Receivables Trust 2024-2                                                                       | CUSIP: 379925AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1888000 | PA      | $1914068.75   | 0.12%             | 2037-03-11      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                            | Hyundai Capital America                                                                                               | CUSIP: 44891ADU8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1034000 | PA      | $1043280.79   | 0.06%             | 2027-06-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                                       | Stryker Corp                                                                                                          | CUSIP: 863667BL4<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1435298.26   | 0.09%             | 2030-02-10      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                | American Express Co                                                                                                   | CUSIP: 025816DC0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    279000 | PA      | $279666.44    | 0.02%             | 2026-02-13      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                           | OBX 2024-NQM8 Trust                                                                                                   | CUSIP: 67119CAA8<br>LEI: 254900Y1YRD8JNADSC78 | Long             | ABS-MBS          | CORP              | US        |   2917894 | PA      | $2960938.24   | 0.18%             | 2064-05-25      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                       | Drive Auto Receivables Trust 2024-1                                                                                   | CUSIP: 26208WAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    723000 | PA      | $732870.90    | 0.05%             | 2031-11-17      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3132DWMK6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11893171 | PA      | $12008467.56  | 0.74%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust             | Santander Drive Auto Receivables Trust 2023-6                                                                         | CUSIP: 80287DAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    214815 | PA      | $215727.28    | 0.01%             | 2028-07-17      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                | New Residential Mortgage Loan Trust 2020-RPL1                                                                         | CUSIP: 64828XAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    186626 | PA      | $179795.06    | 0.01%             | 2059-11-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                | Southern California Edison Co                                                                                         | CUSIP: 842400HU0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    300000 | PA      | $305457.45    | 0.02%             | 2028-03-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| PG&E RECOVERY FND LLC                              | PG&E Recovery Funding LLC                                                                                             | CUSIP: 71710TAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1763843 | PA      | $1797102.29   | 0.11%             | 2033-06-01      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                             | Philip Morris International Inc                                                                                       | CUSIP: 718172DR7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1402912.85   | 0.09%             | 2028-04-28      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                                | LCM Loan Income Fund I Income Note Issuer Ltd                                                                         | CUSIP: 50200JAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    118861 | PA      | $118889.08    | 0.01%             | 2031-07-16      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                          | Towd Point Mortgage Trust 2017-2                                                                                      | CUSIP: 89173HAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    352612 | PA      | $348626.82    | 0.02%             | 2057-04-25      | Variable      | 3.72%                 | No            |                  2 | On Loan: No      |
| MARS INC                                           | Mars Inc                                                                                                              | CUSIP: 571676AW5<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2015234.86   | 0.12%             | 2027-03-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3132DWLL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    467893 | PA      | $472710.02    | 0.03%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3133WFBN6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    896330 | PA      | $919405.88    | 0.06%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Verdant Receivables LLC                            | Verdant Receivables 2024-1 LLC                                                                                        | CUSIP: 92339MAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    507140 | PA      | $517048.11    | 0.03%             | 2031-12-12      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                          | MSBAM                                                                                                                 | CUSIP: 61778GAM8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1807000 | PA      | $1879986.72   | 0.12%             | 2058-03-15      | Variable      | 6.01%                 | No            |                  2 | On Loan: No      |
| Farmer Mac Agricultural Real Estate Trust          | FARM 2025-1 Mortgage Trust                                                                                            | CUSIP: 30768CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4820922 | PA      | $4870080.70   | 0.30%             | 2055-08-01      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| PAYCHEX INC                                        | Paychex Inc                                                                                                           | CUSIP: 704326AA5<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |   2835000 | PA      | $2918419.53   | 0.18%             | 2030-04-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PK ALIFT LOAN FUNDING                              | PK Alift Loan Funding 7 LP                                                                                            | CUSIP: 69291NAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    901000 | PA      | $903374.14    | 0.06%             | 2043-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                        | Hertz Vehicle Financing III LLC                                                                                       | CUSIP: 42806MDD8<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   1643000 | PA      | $1665017.19   | 0.10%             | 2029-12-26      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                           | OBX 2025-NQM14 Trust                                                                                                  | CUSIP: 673924AA4<br>LEI: 254900T4WKE0IYMYAI09 | Long             | ABS-MBS          | CORP              | US        |   1964947 | PA      | $1982521.02   | 0.12%             | 2065-07-25      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust              | Westlake Automobile Receivables Trust 2024-1                                                                          | CUSIP: 96043RAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    748000 | PA      | $753202.41    | 0.05%             | 2027-11-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Commercial Equipment Finance                       | Commercial Equipment Finance 2024-1 LLC                                                                               | CUSIP: 20166RAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    487747 | PA      | $493391.33    | 0.03%             | 2029-07-16      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC           | Avis Budget Rental Car Funding AESOP LLC                                                                              | CUSIP: 05377RHC1<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    259000 | PA      | $264612.53    | 0.02%             | 2028-04-20      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                          | Towd Point Mortgage Trust 2023-1                                                                                      | CUSIP: 89181JAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    895924 | PA      | $870225.67    | 0.05%             | 2063-01-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                             | Philip Morris International Inc                                                                                       | CUSIP: 718172DG1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    380000 | PA      | $388310.80    | 0.02%             | 2029-02-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WMRK Commercial Mortgage Trust                     | WMRK Commercial Mortgage Trust 2022-WMRK                                                                              | CUSIP: 929342AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    206000 | PA      | $206921.03    | 0.01%             | 2027-11-15      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                       | CaixaBank SA                                                                                                          | CUSIP: 12803RAK0<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   2950000 | PA      | $2971358.06   | 0.18%             | 2029-07-03      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                | Freddie Mac STACR REMIC Trust 2022-DNA5                                                                               | CUSIP: 35564KYN3<br>LEI: 5493000IS349P4O9HR58 | Long             | ABS-MBS          | USGSE             | US        |    726936 | PA      | $741593.61    | 0.05%             | 2042-06-25      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| CLI Funding LLC                                    | CLI Funding VI LLC                                                                                                    | CUSIP: 12563LAQ0<br>LEI: 549300NQLBWJD5AREU05 | Long             | ABS-O            | CORP              | US        |    296513 | PA      | $278226.64    | 0.02%             | 2045-09-15      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                           | OBX 2025-NQM8 Trust                                                                                                   | CUSIP: 67449AAA3<br>LEI: 2549006UJL1L84XG2C80 | Long             | ABS-MBS          | CORP              | US        |   7114414 | PA      | $7180485.12   | 0.44%             | 2065-03-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| NRZ Excess Spread Collateralized Notes             | NRM FHT1 Excess Owner LLC                                                                                             | CUSIP: 64832EAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5258654 | PA      | $5311495.13   | 0.33%             | 2032-03-25      | Variable      | 6.55%                 | No            |                  2 | On Loan: No      |
| CART                                               | CONE Trust 2024-DFW1                                                                                                  | CUSIP: 20682AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    983000 | PA      | $983649.57    | 0.06%             | 2041-08-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                           | Ford Motor Credit Co LLC                                                                                              | CUSIP: 345397D26<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   5478000 | PA      | $5550113.10   | 0.34%             | 2026-06-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                | NEW Residential Mortgage Loan Trust 2025-Nqm2                                                                         | CUSIP: 64831XAC2<br>LEI: 2138006ZAYPD4ZHQYX81 | Long             | ABS-MBS          | CORP              | US        |   2424597 | PA      | $2451071.32   | 0.15%             | 2065-04-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                          | Towd Point Mortgage Trust 2015-5                                                                                      | CUSIP: 89171VAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    990000 | PA      | $978430.07    | 0.06%             | 2055-05-25      | Variable      | 3.98%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                  | HSBC Holdings PLC                                                                                                     | CUSIP: 404280ER6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1400000 | PA      | $1434080.83   | 0.09%             | 2031-03-03      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3132DWMY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  13235715 | PA      | $13361303.24  | 0.82%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GCAT                                               | GCAT 2024-NQM2 Trust                                                                                                  | CUSIP: 36831CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    582323 | PA      | $589613.61    | 0.04%             | 2059-06-25      | Variable      | 6.09%                 | No            |                  2 | On Loan: No      |
| Synchrony Card Issuance Trust                      | Synchrony Card Funding LLC                                                                                            | CUSIP: 87166PAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    498000 | PA      | $507367.28    | 0.03%             | 2029-10-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                | Freddie Mac STACR REMIC Trust 2022-DNA6                                                                               | CUSIP: 35564KH36<br>LEI: 5493000IS30HKV5IAS29 | Long             | ABS-MBS          | USGSE             | US        |    845411 | PA      | $850283.51    | 0.05%             | 2042-09-25      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                | Freddie Mac STACR Debt Notes 2016-DNA1                                                                                | CUSIP: 3137G0HW2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    130202 | PA      | $132044.60    | 0.01%             | 2028-07-25      | Floating      | 10.02%                | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                         | Verus Securitization Trust 2025-R1                                                                                    | CUSIP: 92541AAA8<br>LEI: 213800UBQ9UM61L7TB84 | Long             | ABS-MBS          | CORP              | US        |   5754637 | PA      | $5807459.87   | 0.36%             | 2065-05-25      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                        | Extended Stay America Trust 2021-ESH                                                                                  | CUSIP: 30227FAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    421638 | PA      | $422046.03    | 0.03%             | 2038-07-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                | New Residential Mortgage Loan Trust 2019-RPL3                                                                         | CUSIP: 64830NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    505243 | PA      | $488603.52    | 0.03%             | 2059-07-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| BHP BILLITON FIN USA LTD                           | BHP Billiton Finance USA Ltd                                                                                          | CUSIP: 055451AY4<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |    875000 | PA      | $877221.14    | 0.05%             | 2026-02-27      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                     | CFMT 2023-H12 LLC                                                                                                     | CUSIP: 12530QAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     18148 | PA      | $18148.34     | 0.00%             | 2033-04-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                          | Towd Point Mortgage Trust 2015-2                                                                                      | CUSIP: 89171YAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1224781 | PA      | $1194968.73   | 0.07%             | 2060-11-25      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                           | Angel Oak Mortgage Trust 2024-8                                                                                       | CUSIP: 03465QAA2<br>LEI: 254900BM1HTLL3SKQ481 | Long             | ABS-MBS          | CORP              | US        |   1470524 | PA      | $1478075.63   | 0.09%             | 2069-05-27      | Variable      | 5.34%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3142GSF45<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2030918 | PA      | $2104381.07   | 0.13%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                  | HSBC Holdings PLC                                                                                                     | CUSIP: 404280EF2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    350000 | PA      | $357430.40    | 0.02%             | 2028-05-17      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                             | UnitedHealth Group Inc                                                                                                | CUSIP: 91324PFG2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    585000 | PA      | $597790.70    | 0.04%             | 2030-01-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                         | MFRA 2024-NQM3 Trust                                                                                                  | CUSIP: 55287GAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4081175 | PA      | $4119227.20   | 0.25%             | 2069-12-25      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                         | Verus Securitization Trust 2023-3                                                                                     | CUSIP: 92539GAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    176747 | PA      | $177196.73    | 0.01%             | 2068-03-25      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Notes                                                                                                   | CUSIP: 91282CNX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    214000 | PA      | $212938.36    | 0.01%             | 2030-08-31      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                       | Drive Auto Receivables Trust 2025-1                                                                                   | CUSIP: 262102AE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    497000 | PA      | $502291.01    | 0.03%             | 2032-09-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| United Auto Credit Securitization Trust            | United Auto Credit Securitization Trust 2025-1                                                                        | CUSIP: 90945JAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2419000 | PA      | $2426572.92   | 0.15%             | 2028-02-10      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                           | Canadian Pacific Railway Co                                                                                           | CUSIP: 13645RBJ2<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |   1532000 | PA      | $1569491.20   | 0.10%             | 2030-03-30      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| First National Master Note Trust                   | First National Master Note Trust                                                                                      | CUSIP: 32113CBY5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    668000 | PA      | $679287.93    | 0.04%             | 2029-09-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                        | Hertz Vehicle Financing III LLC                                                                                       | CUSIP: 42806MDB2<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   2999000 | PA      | $3048439.41   | 0.19%             | 2029-12-26      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| Post Road Equipment Finance                        | Post Road Equipment Finance 2025-1 LLC                                                                                | CUSIP: 73747LAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1450000 | PA      | $1471683.59   | 0.09%             | 2031-05-15      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                         | Verus Securitization Trust 2023-1                                                                                     | CUSIP: 92539BAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    471324 | PA      | $471283.94    | 0.03%             | 2067-12-25      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 31418FGZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2727464 | PA      | $2789303.85   | 0.17%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                       | Comcast Corp                                                                                                          | CUSIP: 20030NEH0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    600000 | PA      | $620493.56    | 0.04%             | 2029-06-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                         | Progress Residential 2022-SFR3 Trust                                                                                  | CUSIP: 74331UAA6<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    476557 | PA      | $467970.14    | 0.03%             | 2039-04-17      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                           | Baxter International Inc                                                                                              | CUSIP: 071813CL1<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |   7010000 | PA      | $6796730.07   | 0.42%             | 2027-02-01      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust              | Wells Fargo Commercial Mortgage Trust 2017-C39                                                                        | CUSIP: 95000XAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    505000 | PA      | $494128.81    | 0.03%             | 2050-09-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 3140W1JG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     98963 | PA      | $101199.17    | 0.01%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                             | US 10YR ULTRA FUT DEC25                                                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -632 | NC      | $-779813.54   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| ENBRIDGE INC                                       | Enbridge Inc                                                                                                          | CUSIP: 29250NBX2<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $315705.92    | 0.02%             | 2028-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                           | OBX 2023-NQM4 Trust                                                                                                   | CUSIP: 67448GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    395879 | PA      | $397657.52    | 0.02%             | 2063-03-25      | Variable      | 6.11%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                        | Hertz Vehicle Financing LLC                                                                                           | CUSIP: 42806MAR0<br>LEI: 5493004IHDYOZ9K9WF47 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $244226.55    | 0.02%             | 2028-06-26      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                 | BMO 2024-5C5 Mortgage Trust                                                                                           | CUSIP: 05593RAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    985000 | PA      | $1036162.48   | 0.06%             | 2057-02-15      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust          | SFS Auto Receivables Securitization Trust 2024-3                                                                      | CUSIP: 78436XAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1846000 | PA      | $1873624.28   | 0.12%             | 2031-11-20      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                       | Drive Auto Receivables Trust 2024-2                                                                                   | CUSIP: 26207AAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1114000 | PA      | $1118071.67   | 0.07%             | 2029-07-16      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                                  | L3Harris Technologies Inc                                                                                             | CUSIP: 502431AP4<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |   6184000 | PA      | $6287488.62   | 0.39%             | 2027-01-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                             | Daimler Truck Finance North America LLC                                                                               | CUSIP: 233853AY6<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1092852.04   | 0.07%             | 2027-09-25      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                           | Ford Motor Credit Co LLC                                                                                              | CUSIP: 345397C43<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    310000 | PA      | $312503.52    | 0.02%             | 2026-03-06      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                       | UBS Group AG                                                                                                          | CUSIP: 225401AT5<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   3950000 | PA      | $3910866.13   | 0.24%             | 2027-02-02      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                         | Affirm Asset Securitization Trust 2025-X1                                                                             | CUSIP: 00834MAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3148950 | PA      | $3155812.41   | 0.19%             | 2030-04-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                    | BRAVO Residential Funding Trust 2025-NQM5                                                                             | CUSIP: 10569RAC6<br>LEI: 254900HGOJX787MBR512 | Long             | ABS-MBS          | CORP              | US        |   3709312 | PA      | $3741231.62   | 0.23%             | 2065-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                                | Dow Chemical Co/The                                                                                                   | CUSIP: 260543CN1<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64986.09     | 0.00%             | 2025-11-30      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                    | CVS Health Corp                                                                                                       | CUSIP: 126650DS6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   5150000 | PA      | $5157908.65   | 0.32%             | 2026-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                             | Marriott International Inc/MD                                                                                         | CUSIP: 571903BN2<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    250000 | PA      | $259706.47    | 0.02%             | 2028-10-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Limited                | Textainer Marine Containers VII Ltd                                                                                   | CUSIP: 88315LAQ1<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | BM        |    514100 | PA      | $482806.41    | 0.03%             | 2046-04-20      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                   | Deutsche Bank AG/New York NY                                                                                          | CUSIP: 251526CV9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    150000 | PA      | $152746.63    | 0.01%             | 2028-02-08      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                | JPMorgan Chase & Co                                                                                                   | CUSIP: 46647PDU7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2164056.95   | 0.13%             | 2029-07-24      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3132CXTH5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    901525 | PA      | $931231.14    | 0.06%             | 2040-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wheels Fleet Lease Funding LLC                     | Wheels Fleet Lease Funding 1 LLC                                                                                      | CUSIP: 96328GBZ9<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |   1327708 | PA      | $1341338.12   | 0.08%             | 2039-09-19      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BHP BILLITON FIN USA LTD                           | BHP Billiton Finance USA Ltd                                                                                          | CUSIP: 055451BC1<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |    250000 | PA      | $257232.23    | 0.02%             | 2028-09-08      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                          | Chesapeake Funding II LLC                                                                                             | CUSIP: 165183CZ5<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |    224799 | PA      | $228055.09    | 0.01%             | 2035-10-15      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                             | Pacific Gas and Electric Co                                                                                           | CUSIP: 694308JP3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   2560000 | PA      | $2552041.24   | 0.16%             | 2026-01-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                | Exeter Automobile Receivables Trust 2023-4                                                                            | CUSIP: 30166TAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    748968 | PA      | $754536.61    | 0.05%             | 2028-08-15      | Fixed         | 6.51%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                              | Rio Tinto Finance USA PLC                                                                                             | CUSIP: 76720AAS5<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   1800000 | PA      | $1845026.75   | 0.11%             | 2030-03-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                     | Home Depot Inc/The                                                                                                    | CUSIP: 437076DC3<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    911000 | PA      | $933351.14    | 0.06%             | 2029-06-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                       | Broadcom Inc                                                                                                          | CUSIP: 11135FBB6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   3552000 | PA      | $3546678.71   | 0.22%             | 2025-11-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                   | Trinitas CLO XII Ltd                                                                                                  | CUSIP: 89641GBA9<br>LEI: 254900G1XMKSN9WBVL66 | Long             | ABS-CBDO         | CORP              | KY        |   1318000 | PA      | $1322124.02   | 0.08%             | 2033-04-25      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                         | Verus Securitization Trust 2024-R1                                                                                    | CUSIP: 924926AA6<br>LEI: 213800A8V9BALJ9WKP38 | Long             | ABS-MBS          | CORP              | US        |    966282 | PA      | $967350.15    | 0.06%             | 2069-09-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 3140Y6F62<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    828546 | PA      | $855843.78    | 0.05%             | 2040-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 31426KLR5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     77762 | PA      | $79542.69     | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 3132DWLU5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     11308 | PA      | $11566.33     | 0.00%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                             | Philip Morris International Inc                                                                                       | CUSIP: 718172DC0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    250000 | PA      | $258180.07    | 0.02%             | 2028-09-07      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                           | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp                                                    | CUSIP: 505742AS5<br>LEI: N/A                  | Long             | DBT              |  | US        |    603000 | PA      | $615334.37    | 0.04%             | 2030-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                             | Pacific Gas and Electric Co                                                                                           | CUSIP: 694308KW6<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   5875000 | PA      | $5958671.63   | 0.37%             | 2028-06-04      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PEAC Solutions Receivables LLC                     | PEAC Solutions Receivables 2024-1 LLC                                                                                 | CUSIP: 69433BAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1729178 | PA      | $1744812.56   | 0.11%             | 2027-06-21      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                                                       | CUSIP: 31418FCP0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    192525 | PA      | $198885.42    | 0.01%             | 2039-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                       | Broadcom Inc                                                                                                          | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1030310.50   | 0.06%             | 2029-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust            | Hyundai Auto Lease Securitization Trust 2024-A                                                                        | CUSIP: 448988AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    267000 | PA      | $268760.06    | 0.02%             | 2028-02-15      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                 | BMO 2025-5C9 Mortgage Trust                                                                                           | CUSIP: 096933AC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1380000 | PA      | $1448906.71   | 0.09%             | 2058-04-15      | Variable      | 5.78%                 | No            |                  2 | On Loan: No      |
| CLI Funding LLC                                    | CLI Funding VIII LLC                                                                                                  | CUSIP: 12565KAE7<br>LEI: 254900Z4P82YK31RVL27 | Long             | ABS-O            | CORP              | US        |   1492609 | PA      | $1382643.44   | 0.09%             | 2047-01-18      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                  | NatWest Group PLC                                                                                                     | CUSIP: 639057AC2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    225000 | PA      | $220796.34    | 0.01%             | 2027-06-14      | Fixed         | 1.64%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                   | Fannie Mae Connecticut Avenue Securities                                                                              | CUSIP: 20754GAF7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    593000 | PA      | $604341.72    | 0.04%             | 2044-02-25      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                          | Nelnet Student Loan Trust 2025-A                                                                                      | CUSIP: 64033XAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3690703 | PA      | $3748121.91   | 0.23%             | 2057-03-15      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| WSTN Trust                                         | WSTN Trust 2023-MAUI                                                                                                  | CUSIP: 92943AAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    173000 | PA      | $176172.18    | 0.01%             | 2037-07-05      | Variable      | 7.26%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                   | Bank of Montreal                                                                                                      | CUSIP: 06368MJG0<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   3600000 | PA      | $3671672.04   | 0.23%             | 2029-01-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                    | CSAIL 2017-CX10 Commercial Mortgage Trust                                                                             | CUSIP: 12595JAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1800000 | PA      | $1744286.94   | 0.11%             | 2050-11-15      | Variable      | 3.46%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                            | Goldman Sachs Group Inc/The                                                                                           | CUSIP: 38141GZK3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    295000 | PA      | $288849.45    | 0.02%             | 2028-02-24      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                             | Pacific Gas and Electric Co                                                                                           | CUSIP: 694308JC2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   3580000 | PA      | $3590940.87   | 0.22%             | 2028-08-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                            | Hyundai Capital America                                                                                               | CUSIP: 44891ABN6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1088871.80   | 0.07%             | 2025-10-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                            | CF Hippolyta Issuer LLC                                                                                               | CUSIP: 12530MAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1540486 | PA      | $1290090.60   | 0.08%             | 2061-03-15      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                | Citigroup Commercial Mortgage Trust 2023-SMRT                                                                         | CUSIP: 17291NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    361000 | PA      | $372321.90    | 0.02%             | 2040-10-12      | Variable      | 6.01%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                             | Daimler Truck Finance North America LLC                                                                               | CUSIP: 233853AV2<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    350000 | PA      | $353772.50    | 0.02%             | 2027-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                      | UBS Commercial Mortgage Trust 2017-C2                                                                                 | CUSIP: 90276CAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $295267.59    | 0.02%             | 2050-08-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                            | Dryden 37 Senior Loan Fund                                                                                            | CUSIP: 26249MAN7<br>LEI: 254900I0IPNA482LDS44 | Long             | ABS-CBDO         | CORP              | KY        |     82670 | PA      | $82744.39     | 0.01%             | 2031-01-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust                  | GLS Auto Select Receivables Trust 2025-1                                                                              | CUSIP: 36271FAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    220000 | PA      | $224046.53    | 0.01%             | 2031-03-15      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                         | Progress Residential 2024-SFR5 Trust                                                                                  | CUSIP: 74332HAC0<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   1343000 | PA      | $1270013.86   | 0.08%             | 2029-08-09      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA FINANCE LLC                            | Astrazeneca Finance LLC                                                                                               | CUSIP: 04636NAL7<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |    792000 | PA      | $812585.59    | 0.05%             | 2029-02-26      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                           | OBX 2025-NQM1 Trust                                                                                                   | CUSIP: 673914AC1<br>LEI: 2549007E8KF1RJ2ZV866 | Long             | ABS-MBS          | CORP              | US        |   4790701 | PA      | $4834527.13   | 0.30%             | 2064-12-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| Affirm Master Trust                                | Affirm Master Trust Series 2025-3                                                                                     | CUSIP: 00833BAN8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2835000 | PA      | $2833756.57   | 0.17%             | 2034-10-16      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                      | Citigroup Inc                                                                                                         | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1275983.29   | 0.08%             | 2031-09-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                             | General Motors Financial Co Inc                                                                                       | CUSIP: 37045XEZ5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1051000 | PA      | $1063479.61   | 0.07%             | 2029-10-06      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds              | Mexico Government International Bonds                                                                                 | CUSIP: 91087BAY6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   1010000 | PA      | $1030038.40   | 0.06%             | 2029-05-07      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wingspire Equipment Finance LLC                    | Wingspire Equipment Finance 2024-1 LLC                                                                                | CUSIP: 97415AAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    708000 | PA      | $716385.69    | 0.04%             | 2032-09-20      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust       | American Credit Acceptance Receivables Trust 2024-1                                                                   | CUSIP: 02531AAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    894417 | PA      | $898351.29    | 0.06%             | 2030-01-14      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trust                    | Prestige Auto Receivables Trust 2024-1                                                                                | CUSIP: 74113QAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    422000 | PA      | $431425.37    | 0.03%             | 2030-02-15      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                               | Edison International                                                                                                  | CUSIP: 281020BC0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   1377000 | PA      | $1432539.46   | 0.09%             | 2030-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                   | Fannie Mae Connecticut Avenue Securities                                                                              | CUSIP: 30711XCB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26091 | PA      | $26394.59     | 0.00%             | 2028-09-25      | Floating      | 10.47%                | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                | Freddie Mac STACR REMIC Trust 2024-DNA3                                                                               | CUSIP: 35564NEY5<br>LEI: 529900P3PHNE8PW64Z68 | Long             | ABS-MBS          | USGSE             | US        |   1186350 | PA      | $1189322.99   | 0.07%             | 2044-10-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                         | GLS Auto Receivables Issuer Trust 2024-1                                                                              | CUSIP: 36269HAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    837000 | PA      | $857582.16    | 0.05%             | 2029-12-17      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                                                      | CUSIP: 31427NSE0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    852131 | PA      | $871830.27    | 0.05%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-29

**Name of Applicant:** Capital Group Fixed Income ETF Trust

**Signature:** Scott Lewis

**Name of Signer:** Scott Lewis

**Title:** Analyst