# EDGAR Filing Document

**Accession Number:** 0001524348
**File Stem:** 0001524348-25-000009
**Filing Date:** 2025-12
**Character Count:** 102983
**Document Hash:** 82e64f3d05167daf7d02d7b99090c7d3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001524348-25-000009.hdr.sgml**: 20251230

**ACCESSION NUMBER**: 0001524348-25-000009

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251230

**DATE AS OF CHANGE**: 20251230

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SPEND LIFE WISELY FUNDS INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0001524348

**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:** 811-22576
- **FILM NUMBER:** 251614649

**BUSINESS ADDRESS:**
- **STREET 1:** 1845 WOODALL RODGERS
- **STREET 2:** SUITE 1000
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201
- **BUSINESS PHONE:** 214-871-5230

**MAIL ADDRESS:**
- **STREET 1:** 1845 WOODALL RODGERS
- **STREET 2:** SUITE 1000
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RANGER FUNDS INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 20110627

## Series and Classes Contracts Data

### Wisdom Short Duration Income ETF (Series ID: S000086257)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000251712 | Institutional Class | WISD            |

## Nport-Ex

**Wisdom Short Duration Income ETF**

SCHEDULE OF INVESTMENTS

October 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares/Principal** | **Shares/Principal** | **Value** |
| ***LONG-TERM INVESTMENTS - 99.61%*** | ***LONG-TERM INVESTMENTS - 99.61%*** | |
| **CORPORATE BONDS - *75.35%*** | **CORPORATE BONDS - *75.35%*** | |
| &nbsp;&nbsp;&nbsp;***Communication Services - 0.79%*** | &nbsp;&nbsp;&nbsp;***Communication Services - 0.79%*** | |
| 500000 | Meta Platforms, Inc., 4.600%, due 11/15/2032 | $502660 |
| 2000000 | Orange SA, 9.000%, due 03/01/2031, France | 2421045 |
|  |  | 2923705 |
| &nbsp;&nbsp;&nbsp;***Consumer Discretionary - 8.56%*** | &nbsp;&nbsp;&nbsp;***Consumer Discretionary - 8.56%*** |  |
| 2000000 | Air Canada 2020-1 Class C Pass Through Trust, 10.500%, due 07/15/2026, Canada<sup>(a)</sup> | 2071147 |
| 2108731 | Air Canada 2020-2 Class A Pass Through Trust, 5.250%, due 04/01/2029, Canada<sup>(a)</sup> | 2157196 |
| 152015 | Alaska Airlines 2020-1 Class A Pass Through Trust, 4.800%, due 08/15/2027<sup>(a)</sup> | 152570 |
| 250000 | American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.500%, due 04/20/2026<sup>(a)</sup> | 250792 |
| 3000000 | AS Mileage Plan IP Ltd., 5.021%, due 10/20/2029, Cayman Islands<sup>(a)</sup> | 2992706 |
| 1511405 | British Airways 2019-1 Class A Pass Through Trust, 3.350%, due 06/15/2029<sup>(a)</sup> | 1459887 |
| 293838 | Delta Air Lines 2020-1 Class A Pass Through Trust, 2.500%, due 06/10/2028 | 282030 |
| 2500000 | Delta Air Lines, Inc. / SkyMiles IP Ltd., 4.750%, due 10/20/2028<sup>(a)</sup> | 2517796 |
| 500000 | Hyundai Capital America, 5.100%, due 06/24/2030<sup>(a)</sup> | 511420 |
| 1100000 | Hyundai Capital America, 5.275%, due 06/24/2027<sup>(a)</sup> | 1117303 |
| 500000 | Toyota Motor Credit Corp. Series MTN, 5.250%, due 01/22/2030 | 505621 |
| 2585186 | Turkish Airlines 2015-1 Class A Pass Through Trust, 4.200%, due 03/15/2027, Turkey<sup>(a)</sup> | 2546674 |
| 1013593 | United Airlines 2016-1 Class A Pass Through Trust, 3.450%, due 07/07/2028 | 975628 |
| 1700292 | United Airlines 2020-1 Class A Pass Through Trust, 5.875%, due 10/15/2027 | 1740898 |
| 3000000 | Volkswagen Group of America Finance LLC, 5.650%, due 09/12/2028<sup>(a)</sup> | 3093805 |
| 1500000 | Volkswagen Group of America Finance LLC, 6.450%, due 11/16/2030<sup>(a)</sup> | 1609799 |
| 2000000 | Volkswagen Group of America Finance LLC, 5.250%, due 03/22/2029<sup>(a)</sup> | 2041212 |
| 5500000 | Volkswagen Group of America Finance LLC, 5.350%, due 03/27/2030<sup>(a)</sup> | 5648355 |
|  |  | 31674839 |
| &nbsp;&nbsp;&nbsp;***Consumer Staples - 2.31%*** | &nbsp;&nbsp;&nbsp;***Consumer Staples - 2.31%*** |  |
| 1500000 | BAT Capital Corp., 5.834%, due 02/20/2031 | 1589240 |
| 1500000 | Bayer US Finance LLC, 6.375%, due 11/21/2030<sup>(a)</sup> | 1602447 |
| 326067 | CVS Pass-Through Trust, 5.880%, due 01/10/2028 | 328559 |
| 5000000 | Teva Pharmaceutical Finance Netherlands III BV, 5.125%, due 05/09/2029, Netherlands | 5034975 |
|  |  | 8555221 |
| &nbsp;&nbsp;&nbsp;***Energy - 8.77%*** | &nbsp;&nbsp;&nbsp;***Energy - 8.77%*** |  |
| 605000 | Cheniere Energy, Inc., 4.625%, due 10/15/2028 | 603830 |
| 650000 | Coterra Energy Operating Co., 4.375%, due 03/15/2029 | 626566 |
| 2730000 | Devon Energy Corp., 5.875%, due 06/15/2028 | 2730259 |
| 1090000 | Devon OEI Operating LLC, 7.500%, due 09/15/2027 | 1140839 |
| 1000000 | Diamondback Energy, Inc., 5.150%, due 01/30/2030 | 1026569 |
| 500000 | Enbridge, Inc., 6.200%, due 11/15/2030, Canada | 539287 |
| 774000 | Enbridge, Inc., 4.900%, due 06/20/2030, Canada | 792094 |
| 500000 | Enerflex Ltd., 9.000%, due 10/15/2027, Canada<sup>(a)</sup> | 512013 |
| 500000 | Energy Transfer LP, 5.200%, due 04/01/2030 | 515781 |
| 1499000 | Energy Transfer LP, 5.625%, due 05/01/2027<sup>(a)</sup> | 1499284 |
| 3089000 | Energy Transfer LP, 6.000%, due 02/01/2029<sup>(a)</sup> | 3127819 |
| 6750000 | HF Sinclair Corp., 5.750%, due 01/15/2031 | 6995383 |
| 1000000 | HF Sinclair Corp., 5.500%, due 09/01/2032 | 1017418 |
| 1000000 | Occidental Petroleum Corp., 7.875%, due 09/15/2031 | 1144719 |
| 3000000 | Occidental Petroleum Corp., 6.125%, due 01/01/2031 | 3162481 |
| 1000000 | Occidental Petroleum Corp., 5.200%, due 08/01/2029 | 1021764 |
| 4000000 | SA Global Sukuk Ltd., 4.125%, due 09/17/2030, Cayman Islands<sup>(a)</sup> | 3942030 |
| 500000 | Targa Resources Partners LP / Targa Resources Partners Finance Corp., 5.500%, due 03/01/2030 | 506977 |
| 1500000 | Valero Energy Corp., 5.150%, due 02/15/2030 | 1543494 |
|  |  | 32448607 |
| &nbsp;&nbsp;&nbsp;***Financials - 41.79%*** | &nbsp;&nbsp;&nbsp;***Financials - 41.79%*** |  |
| 1000000 | American Express Co., 4.823% (1D SOFR + 0.81%), due 07/20/2029<sup>(b)</sup> | 1001613 |
| 2390000 | ANZ Bank New Zealand Ltd., 5.548%, due 08/11/2032, New Zealand<sup>(a)</sup> | 2435737 |
| 4000000 | Ares Capital Corp., 5.500%, due 09/01/2030 | 4032843 |
| 4000000 | Ares Capital Corp., 5.100%, due 01/15/2031 | 3945449 |
| 2000000 | Athene Global Funding, 5.380%, due 01/07/2030<sup>(a)</sup> | 2054008 |
| 1085000 | Australia & New Zealand Banking Group Ltd., 5.731%, due 09/18/2034, Australia<sup>(a)</sup> | 1123930 |
| 2000000 | Avolon Holdings Funding Ltd., 5.750%, due 03/01/2029, Cayman Islands<sup>(a)</sup> | 2066463 |
| 3000000 | Avolon Holdings Funding Ltd., 5.150%, due 01/15/2030, Cayman Islands<sup>(a)</sup> | 3049129 |
| 4000000 | Avolon Holdings Funding Ltd., 5.375%, due 05/30/2030, Cayman Islands<sup>(a)</sup> | 4106525 |

---

**Wisdom Short Duration Income ETF**

SCHEDULE OF INVESTMENTS

October 31, 2025 (Continued) (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares/Principal** | **Shares/Principal** | **Value** |
| **CORPORATE BONDS - *75.35% (continued)*** | **CORPORATE BONDS - *75.35% (continued)*** |  |
| &nbsp;&nbsp;&nbsp;***Financials - 41.79% (Continued)*** | &nbsp;&nbsp;&nbsp;***Financials - 41.79% (Continued)*** |  |
| 1000000 | Bank of America Corp. Series B, 8.050%, due 06/15/2027 | $1054964 |
| 1000000 | BCP Investment Corp., 4.875%, due 04/30/2026 | 1000008 |
| 1000000 | Blackstone Private Credit Fund, 7.300%, due 11/27/2028 | 1063593 |
| 3500000 | Blackstone Private Credit Fund, 5.600%, due 11/22/2029 | 3541384 |
| 1500000 | Blue Owl Capital Corp., 5.950%, due 03/15/2029 | 1520327 |
| 1500000 | Blue Owl Capital Corp., 6.200%, due 07/15/2030 | 1533797 |
| 1000000 | Blue Owl Credit, Income Corp., 5.800%, due 03/15/2030 | 1005697 |
| 750000 | Blue Owl Credit, Income Corp., 7.750%, due 01/15/2029 | 799373 |
| 1000000 | Blue Owl Credit, Income Corp., 7.750%, due 09/16/2027 | 1045924 |
| 3000000 | Blue Owl Credit, Income Corp., 6.600%, due 09/15/2029 | 3103721 |
| 2000000 | Blue Owl Technology Finance Corp., 6.100%, due 03/15/2028<sup>(a)</sup> | 2016054 |
| 500000 | Blue Owl Technology Finance Corp., 4.750%, due 12/15/2025<sup>(a)</sup> | 499797 |
| 1000000 | Capital One Financial Corp., 6.312%, due 06/08/2029 | 1048269 |
| 3000000 | Citadel Finance LLC, 5.900%, due 02/10/2030<sup>(a)</sup> | 3031717 |
| 1000000 | Corebridge Global Funding, 5.200%, due 06/24/2029<sup>(a)</sup> | 1027461 |
| 2000000 | Corebridge Global Funding, 4.450%, due 10/02/2030<sup>(a)</sup> | 1991218 |
| 3000000 | Credit Agricole SA, 5.222%, due 05/27/2031, France<sup>(a)</sup> | 3077120 |
| 2000000 | DAE Sukuk Difc Ltd., 4.500%, due 10/16/2030, United Arab Emirates<sup>(a)</sup> | 1987472 |
| 1500000 | Danske Bank A/S, 5.019%, due 03/04/2031, Denmark<sup>(a)</sup> | 1530876 |
| 1000000 | Deutsche Bank AG Series MTN, 5.000%, due 09/10/2029, Germany | 1004970 |
| 1000000 | Deutsche Bank AG/New York NY, 4.875%, due 12/01/2032, Germany | 1001478 |
| 1000000 | Deutsche Bank AG/New York NY, 5.297%, due 05/09/2031, Germany | 1023487 |
| 1750000 | Deutsche Bank AG/New York NY, 5.373%, due 01/10/2029, Germany | 1786270 |
| 5000000 | Franklin BSP Realty Trust, Inc. Series QIB, 8.250%, due 04/25/2030<sup>(a)</sup> | 5038727 |
| 2000000 | Goldman Sachs Group, Inc., 5.207%, due 01/28/2031 | 2064337 |
| 3000000 | Goldman Sachs Group, Inc., 4.153%, due 10/21/2029 | 2991602 |
| 3000000 | Goldman Sachs Group, Inc., 3.750%, due 02/25/2026 | 2998204 |
| 500000 | Goldman Sachs Private Credit Corp., 6.250%, due 05/06/2030<sup>(a)</sup> | 511541 |
| 1000000 | JPMorgan Chase & Co., 5.140%, due 01/24/2031 | 1033468 |
| 500000 | JPMorgan Chase & Co., 4.915%, due 01/24/2029 | 508951 |
| 1382000 | JPMorgan Chase & Co., 8.750%, due 09/01/2030 | 1638884 |
| 1000000 | JPMorgan Chase & Co., 5.040%, due 01/23/2028 | 1010601 |
| 1000000 | JPMorgan Chase & Co., 6.087%, due 10/23/2029 | 1054064 |
| 1500000 | JPMorgan Chase & Co. Series FRN, 4.794% (1D SOFR + 0.80%), due 01/24/2029<sup>(b)</sup> | 1502979 |
| 1250000 | JPMorgan Chase & Co., 4.920% (1D SOFR + 0.92%), due 04/22/2028<sup>(b)</sup> | 1256902 |
| 145000 | JPMorgan Chase & Co., 5.110% (3M SOFR + 0.81%), due 02/01/2027<sup>(b)</sup> | 143753 |
| 1140000 | JPMorgan Chase & Co. Series B, 5.058% (3M SOFR + 0.76%), due 02/01/2027<sup>(b)</sup> | 1131848 |
| 1000000 | JPMorgan Chase & Co. Series F, 5.183% (3M SOFR + 0.89%), due 08/01/2028<sup>(b)</sup> | 982182 |
| 1000000 | Ladder Capital Finance Holdings LLP / Ladder Capital Finance Corp., 4.750%, due 06/15/2029<sup>(a)</sup> | 981340 |
| 1780000 | Liberty Mutual Insurance Co., 7.875%, due 10/15/2026<sup>(a)</sup> | 1822713 |
| 1000000 | Lloyds Banking Group PLC, 4.425%, due 11/04/2031, United Kingdom | 998546 |
| 1000000 | Mitsubishi UFJ Financial Group, Inc., 5.488% (1D SOFR + 1.48%), due 04/24/2031, Japan<sup>(b)</sup> | 1018080 |
| 2000000 | Mizuho Financial Group, Inc., 5.098%, due 05/13/2031, Japan | 2059936 |
| 2500000 | Mizuho Markets Cayman LP Series MTN, 4.552% (1D SOFR + 0.50%), due 05/01/2026, Cayman Islands<sup>(a)(b)</sup> | 2501082 |
| 500000 | Morgan Stanley Series I, 4.133%, due 10/18/2029 | 498908 |
| 500000 | Morgan Stanley, 4.994%, due 04/12/2029 | 509378 |
| 2000000 | Morgan Stanley, 5.656%, due 04/18/2030 | 2086676 |
| 2000000 | Morgan Stanley Bank NA, 5.016%, due 01/12/2029 | 2034626 |
| 1500000 | Morgan Stanley Bank NA, 4.931% (1D SOFR + 0.90%), due 01/12/2029<sup>(b)</sup> | 1504419 |
| 2000000 | National Bank of Canada, 5.600%, due 12/18/2028, Canada | 2085488 |
| 2000000 | NatWest Group PLC, 5.076%, due 01/27/2030, United Kingdom | 2045248 |
| 3000000 | NatWest Group PLC, 5.115%, due 05/23/2031, United Kingdom | 3081252 |
| 1000000 | NatWest Group PLC, 5.327% (1D SOFR + 1.10%), due 05/23/2029, United Kingdom<sup>(b)</sup> | 1003962 |
| 1000000 | NatWest Markets PLC, 5.022%, due 03/21/2030, United Kingdom<sup>(a)</sup> | 1028694 |
| 1000000 | RGA Global Funding, 5.250%, due 01/09/2030<sup>(a)</sup> | 1035723 |
| 3582000 | Royal Bank of Canada Series GMTN, 4.969%, due 08/02/2030, Canada | 3666025 |
| 3000000 | Royal Bank of Canada Series GMTN, 4.965%, due 01/24/2029, Canada | 3050882 |
| 5500000 | Royal Bank of Canada Series GMTN, 5.153%, due 02/04/2031, Canada | 5665302 |
| 2500000 | Royal Bank of Canada Series GMTN, 4.303% (1D SOFR + 1.03%), due 02/04/2031, Canada<sup>(b)</sup> | 2508282 |
| 5000000 | Sixth Street Lending Partners, 6.500%, due 03/11/2029 | 5187881 |
| 2000000 | Sixth Street Lending Partners, 5.750%, due 01/15/2030 | 2027158 |

---

**Wisdom Short Duration Income ETF**

SCHEDULE OF INVESTMENTS

October 31, 2025 (Continued) (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares/Principal** | **Shares/Principal** | **Value** |
| **CORPORATE BONDS - *75.35% (continued)*** | **CORPORATE BONDS - *75.35% (continued)*** | |
| &nbsp;&nbsp;&nbsp;***Financials - 41.79% (Continued)*** | &nbsp;&nbsp;&nbsp;***Financials - 41.79% (Continued)*** | |
| 1500000 | Sixth Street Lending Partners, 6.125%, due 07/15/2030<sup>(a)</sup> | $1542374 |
| 500000 | Sixth Street Specialty Lending, Inc., 6.125%, due 03/01/2029 | 513431 |
| 1000000 | Sumitomo Mitsui Financial Group, Inc., 5.084% (1D SOFR + 1.05%), due 04/15/2030, Japan<sup>(b)</sup> | 1003840 |
| 1000000 | Toronto-Dominion Bank Series GMTN, 5.400%, due 01/31/2030, Canada | 1011396 |
| 600000 | Toronto-Dominion Bank Series GMTN, 5.000%, due 07/11/2030, Canada | 601026 |
| 3500000 | Toronto-Dominion Bank Series MTN, 4.808%, due 06/03/2030, Canada | 3570465 |
| 5007000 | Unum Group, 7.250%, due 03/15/2028 | 5293697 |
| 6211000 | Wells Fargo & Co., 4.666% (3M SOFR + 0.76%), due 01/15/2027<sup>(b)</sup> | 6165202 |
| 2400000 | Westpac Banking Corp., 3.020%, due 11/18/2036, Australia | 2153322 |
|  |  | 154635071 |
| &nbsp;&nbsp;&nbsp;*Health Care - 0.27%* | &nbsp;&nbsp;&nbsp;*Health Care - 0.27%* |  |
| 1000000 | Cigna Group, 4.500%, due 09/15/2030 | 1004116 |
| &nbsp;&nbsp;&nbsp;*Industrials - 3.30%* | &nbsp;&nbsp;&nbsp;*Industrials - 3.30%* |  |
| 2000000 | Avolon Holdings Funding Ltd., 4.900%, due 10/10/2030, Cayman Islands<sup>(a)</sup> | 2010219 |
| 500000 | CRH America Finance, Inc., 4.400%, due 02/09/2031 | 499605 |
| 2000000 | Delta Air Lines, Inc., 4.950%, due 07/10/2028 | 2027905 |
| 2000000 | LG Energy Solution Ltd., 5.375%, due 07/02/2029, South Korea<sup>(a)</sup> | 2050901 |
| 1000000 | LG Energy Solution Ltd., 5.250%, due 04/02/2028, South Korea<sup>(a)</sup> | 1019031 |
| 2000000 | LG Energy Solution Ltd., 5.375%, due 04/02/2030, South Korea<sup>(a)</sup> | 2057085 |
| 2500000 | LG Energy Solution Ltd., 5.769% (1D SOFR + 1.70%), due 04/02/2030, South Korea<sup>(a)(b)</sup> | 2550350 |
|  |  | 12215096 |
| &nbsp;&nbsp;&nbsp;*Information Technology - 0.41%* | &nbsp;&nbsp;&nbsp;*Information Technology - 0.41%* |  |
| 1500000 | Microchip Technology, Inc., 5.050%, due 02/15/2030 | 1530626 |
| &nbsp;&nbsp;&nbsp;*Materials - 1.96%* | &nbsp;&nbsp;&nbsp;*Materials - 1.96%* |  |
| 5000000 | Anglo American Capital PLC, 5.625%, due 04/01/2030, United Kingdom<sup>(a)</sup> | 5225526 |
| 1000000 | NOVA Chemicals Corp., 8.500%, due 11/15/2028, Canada<sup>(a)</sup> | 1049592 |
| 1000000 | PPG Industries, Inc., 4.375%, due 03/15/2031 | 996687 |
|  |  | 7271805 |
| &nbsp;&nbsp;&nbsp;*Utilities - 7.19%* | &nbsp;&nbsp;&nbsp;*Utilities - 7.19%* |  |
| 5000000 | DTE Energy Co., 5.200%, due 04/01/2030 | 5159377 |
| 1340000 | NRG Energy, Inc., 5.250%, due 06/15/2029<sup>(a)</sup> | 1346643 |
| 5000000 | NRG Energy, Inc., 5.750%, due 07/15/2029<sup>(a)</sup> | 5043917 |
| 2275000 | Palomino Funding Trust I, 7.233%, due 05/17/2028<sup>(a)</sup> | 2408925 |
| 8000000 | PSEG Power LLC, 5.200%, due 05/15/2030<sup>(a)</sup> | 8208738 |
| 1500000 | Talen Energy Supply LLC, 8.625%, due 06/01/2030<sup>(a)</sup> | 1592780 |
| 1250000 | Vistra Operations Co. LLC, 5.000%, due 07/31/2027<sup>(a)</sup> | 1251458 |
| 1500000 | Vistra Operations Co. LLC, 7.750%, due 10/15/2031<sup>(a)</sup> | 1592916 |
|  |  | 26604754 |
| **TOTAL CORPORATE BONDS (Cost $275,241,501)** | **TOTAL CORPORATE BONDS (Cost $275,241,501)** | 278863840 |
| **EXCHANGE-TRADED FUNDS - *6.47%*** | **EXCHANGE-TRADED FUNDS - *6.47%*** |  |
| 280000 | Janus Henderson AAA CLO ETF | 14207200 |
| 410000 | Simplify Treasury Option, Income ETF | 9753900 |
| **TOTAL EXCHANGE-TRADED FUNDS (Cost $23,981,783)** | **TOTAL EXCHANGE-TRADED FUNDS (Cost $23,981,783)** | 23961100 |
| **GOVERNMENT-SPONSORED ENTERPRISE DEBT - *4.64%*** | **GOVERNMENT-SPONSORED ENTERPRISE DEBT - *4.64%*** |  |
| 8000000 | Eagle Funding Luxco Sarl, 5.500%, due 08/17/2030, Luxembourg<sup>(a)</sup> | 8137200 |
| 886883 | Fannie Mae Connecticut Avenue Securities Series 2025-R01, 5.310%, due 01/25/2045<sup>(a)</sup> | 887894 |
| 433054 | Freddie Mac STACR REMIC Trust 2024-HQA1, 5.610%, due 03/25/2044<sup>(a)</sup> | 435326 |
| 625000 | Freddie Mac STACR REMIC Trust 2025-DNA1, 5.310%, due 01/25/2045<sup>(a)</sup> | 625914 |
| 427012 | Government National Mortgage Association 2019-H04 Class NA, 3.500%, due 09/20/2068 | 406370 |
| 965637 | Government National Mortgage Association 2019-H14 Class DF, 5.470%, due 08/20/2069 | 975676 |
| 2056916 | Government National Mortgage Association 2019-H15 Class FJ, 5.070%, due 09/20/2069 | 2052684 |
| 926122 | Government National Mortgage Association 2020-H17 Class BF, 5.690%, due 09/20/2070 | 942392 |
| 917816 | Government National Mortgage Association 2023-H20 Class FL, 5.490%, due 05/20/2073 | 926259 |
| 1750000 | Korea National Oil Corp., 4.843% (1D SOFR + 0.77%), due 03/31/2028, South Korea<sup>(a)</sup> | 1757153 |
| **TOTAL GOVERNMENT-SPONSORED ENTERPRISE DEBT (Cost $17,050,192)** | **TOTAL GOVERNMENT-SPONSORED ENTERPRISE DEBT (Cost $17,050,192)** | 17146868 |

---

**Wisdom Short Duration Income ETF**

SCHEDULE OF INVESTMENTS

October 31, 2025 (Continued) (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares/Principal** | **Shares/Principal** | **Value** |
| **MORTGAGE-BACKED SECURITIES - *13.15%*** | **MORTGAGE-BACKED SECURITIES - *13.15%*** | |
| 2816897 | Angel Oak Mortgage Trust 2023-3, 4.800%, due 09/26/2067<sup>(a)</sup> | $2805506 |
| 1303178 | BRAVO Residential Funding Trust 2021-NQM2, 0.970%, due 03/25/2060<sup>(a)</sup> | 1271815 |
| 446899 | BRAVO Residential Funding Trust 2022-NQM3, 5.108%, due 07/25/2062<sup>(a)</sup> | 446300 |
| 1433834 | Brazos Education Funding 2015-1 LLC Class A, 5.470%, due 10/25/2056<sup>(a)</sup> | 1436672 |
| 1500000 | BXMT 2020-FL2 Ltd. Class B, 5.910%, due 02/15/2038<sup>(a)</sup> | 1499208 |
| 222898 | CFMT 2022-HB9 LLC Class A, 3.250%, due 09/25/2037<sup>(a)</sup> | 219763 |
| 554995 | CFMT 2024-HB13 LLC Class A, 3.000%, due 05/25/2034<sup>(a)</sup> | 548114 |
| 624220 | CHNGE Mortgage Trust 2022-NQM1 Class A1, 5.189%, due 06/25/2067<sup>(a)</sup> | 622714 |
| 1000000 | CSMC 2020-SPT1 Trust Class M1, 3.388%, due 04/25/2065<sup>(a)</sup> | 973885 |
| 1387017 | FIGRE Trust 2025-HE4 Class A, 5.408%, due 07/25/2055<sup>(a)</sup> | 1394946 |
| 1000000 | Finance of America HECM Buyout 2024-HB1 Class A1B, 4.000%, due 10/01/2034<sup>(a)</sup> | 989875 |
| 1500000 | Finance of America HECM Buyout 2024-HB1 Class M2, 6.000%, due 10/01/2034<sup>(a)</sup> | 1501297 |
| 4295173 | Finance of America Structured Securities Trust 2024-S4 Class A3, 3.500%, due 11/25/2074<sup>(a)</sup> | 4151816 |
| 2208536 | Finance of America Structured Securities Trust 2024-S4 Class AV, 5.860%, due 11/25/2074<sup>(a)</sup> | 2211826 |
| 1791115 | Finance Of America Structured Securities Trust Series 2024-S2 Class A1, 3.500%, due 04/25/2074<sup>(a)</sup> | 1750877 |
| 3932098 | Finance of America Structured Securities Trust Series 2025-PC2 Class AV, 5.610%, due 05/25/2075<sup>(a)</sup> | 3899068 |
| 957473 | Finance Of America Structured Securities Trust Series 2025-S1 Class A3, 3.500%, due 02/25/2075<sup>(a)</sup> | 921596 |
| 663121 | GCAT 2022-NQM2 Trust Class A1, 4.200%, due 02/25/2067<sup>(a)</sup> | 661221 |
| 1986620 | GS Mortgage-Backed Securities Trust 2025-PJ4 Class A5, 5.500%, due 09/25/2055<sup>(a)</sup> | 1999946 |
| 884987 | GS Mortgage-Backed Securities Trust 2025-PJ5 Class A2, 5.500%, due 10/25/2055<sup>(a)</sup> | 891493 |
| 1723641 | GS Mortgage-Backed Securities Trust 2025-PJ6 Class A4, 6.000%, due 11/25/2055<sup>(a)</sup> | 1749620 |
| 1892478 | MFA 2022-NQM2 Trust Class A2, 4.000%, due 05/25/2067<sup>(a)</sup> | 1871939 |
| 1000000 | Ocwen Loan Investment Trust 2025-HB1 Class M1, 3.000%, due 06/25/2038<sup>(a)</sup> | 947478 |
| 1060181 | PRKCM 2024-HOME1 Trust Class A1, 6.431%, due 05/25/2059<sup>(a)</sup> | 1075494 |
| 890934 | Provident Funding Mortgage Trust 2025-2 Class A2, 5.500%, due 06/25/2055<sup>(a)</sup> | 897484 |
| 3418313 | Provident Funding Mortgage Trust 2025-2 Class A4, 5.500%, due 06/25/2055<sup>(a)</sup> | 3440376 |
| 1000000 | Saluda Grade Alternative Mortgage Trust 2022-SEQ2 Class A3, 4.500%, due 02/25/2052<sup>(a)</sup> | 981638 |
| 989474 | SKY Trust 2025-LINE, 6.740%, due 04/15/2042<sup>(a)</sup> | 996652 |
| 3027270 | Starwood Mortgage Residential Trust 2022-4 Class A1, 5.192%, due 05/25/2067<sup>(a)</sup> | 3022725 |
| 1115900 | Stone Street Receivables Funding 2015-1 LLC Class A, 3.570%, due 12/15/2054<sup>(a)</sup> | 1002052 |
| 2000000 | STWD 2021-FL2 Ltd. Class C, 6.350%, due 04/18/2038<sup>(a)</sup> | 2000000 |
| 486193 | VINE 2024-SFR1 Trust Class A, 4.500%, due 03/17/2041<sup>(a)</sup> | 478622 |
| **TOTAL MORTGAGE-BACKED SECURITIES (Cost $48,399,392)** | **TOTAL MORTGAGE-BACKED SECURITIES (Cost $48,399,392)** | 48662018 |
| *TOTAL LONG TERM-INVESTMENTS - 99.61% (Cost $364,672,868)* | *TOTAL LONG TERM-INVESTMENTS - 99.61% (Cost $364,672,868)* | 368633826 |
| *SHORT-TERM INVESTMENTS - 0.57%* | *SHORT-TERM INVESTMENTS - 0.57%* |  |
| **COMMERCIAL PAPER *- 0.44%*** | **COMMERCIAL PAPER *- 0.44%*** |  |
| 1620000 | Jabil, Inc., due 11/03/2025 | 1619607 |
| **MONEY MARKET FUNDS *- 0.13%*** | **MONEY MARKET FUNDS *- 0.13%*** |  |
| 468053 | Federated Hermes Treasury Obligations Fund Institutional Class, 3.93%<sup>(c)</sup> | 468053 |
| *TOTAL SHORT TERM-INVESTMENTS - 0.57% (Cost $2,087,660)* | *TOTAL SHORT TERM-INVESTMENTS - 0.57% (Cost $2,087,660)* | 2087660 |
| **TOTAL INVESTMENTS - 100.18% (Cost $366,760,528)** | **TOTAL INVESTMENTS - 100.18% (Cost $366,760,528)** | 370721486 |
| **Liabilities in Excess of Other Assets - (0.18)%** | **Liabilities in Excess of Other Assets - (0.18)%** | (659348) |
| **NET ASSETS - 100.00%** | **NET ASSETS - 100.00%** | $370062138 |

---

*<sup>(a)</sup>* *All or a portion of the security is exempt from registration of the Securities Act of 1933. These securities may be resold in transactions exempt from registration under Rule 144A, normally to qualified institutional buyers. As of October 31, 2025, these securities had an aggregate value of $181,227,542 or 48.97% of net assets.*

*<sup>(b)</sup>* *Variable rate security.*

*<sup>(c)</sup>* *The rate shown represents the yield as of October 31, 2025.*

Investment Abbreviations:

AG - Aktiengesellschaft (German: Stock Corporation)

A/S - Aktieselskab (Danish: Joint Stock Company)

**Wisdom Short Duration Income ETF**

SCHEDULE OF INVESTMENTS

October 31, 2025 (Continued) (Unaudited)

BV – Besloten Vennootschap (Dutch: Private Limited Company)

LLC – Limited Liability Company

LP – Limited Partnership

Ltd. – Limited

NA - National Association

PLC - Public Limited Company

SA - Société Anonyme (French: Public Limited Company)

SOFR – Secured Overnight Financing Rate

**Futures Contracts**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| <br>**Description** | <br>**Position** | <br>**Contracts** | <br>**Expiration Date** |<br>**Notional Value** |<br>**Value** | **Unrealized**<br>**Appreciation/**<br>**(Depreciation)** |
| 2-Year US Treasury Note | Short | (200) | December 31, 2025 | $(41672441) | $(41648438) | $24003 |
| 5-Year US Treasury Note | Short | (1250) | December 31, 2025 | (136258472) | (136513672) | (255200) |
|  |  |  |  | $(177930913) | $(178162110) | $(231197) |

---

Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments.

These inputs are summarized in the three broad levels listed below.

Level 1 - quoted prices in active markets for identical securities.

Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The following is a summary of the inputs used as of October 31, 2025 in valuing the Fund's assets carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Investments in Securities at Value<sup>(a)</sup>** |<br>**Level 1 - Quoted Prices** | **Level 2 - Significant**<br>**Observable Inputs** | **Level 3 - Significant**<br>**Unobservable Inputs** |<br>**Total** |
| Corporate Bonds | $– | $278863840 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | $278863840 |
| Exchange-Traded Funds | 23961100 |  |  | 23961100 |
| Government-Sponsored Enterprise Debt |  | 17146868 |  | 17146868 |
| Mortgage-Backed Securities |  | 48662018 |  | 48662018 |
| Commercial Paper |  | 1619607 |  | 1619607 |
| Money Market Funds | 468053 | – | – | 468053 |
| Total | $24429153 | $346292333 | $– | $370721486 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Other Financial Instruments<sup>(b)</sup>** |<br>**Level 1 - Quoted Prices** | **Level 2 - Significant**<br>**Observable Inputs** | **Level 3 - Significant**<br>**Unobservable Inputs** |<br>**Total** |
| Futures | $(231197) | $– | $– | $(231197) |
| Total | $(231197) | $– | $– | $(231197) |

---

**Wisdom Short Term Government Fund**

SCHEDULE OF INVESTMENTS

October 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares/Principal** | **Shares/Principal** | **Value** |
| ***LONG-TERM INVESTMENTS - 30.26%*** | ***LONG-TERM INVESTMENTS - 30.26%*** | |
| **GOVERNMENT-SPONSORED ENTERPRISE DEBT - *18.85%*** | **GOVERNMENT-SPONSORED ENTERPRISE DEBT - *18.85%*** | |
| 1000000 | Fannie Mae US Pool AN2351, 2.150%, due 09/01/2026 | $982451 |
| 868411 | Fannie Mae-Aces Series 2016-M4 Class A2, 2.576%, due 03/25/2026 | 862745 |
| 422027 | Fannie Mae-Aces Series 2017-M3 Class A2, 2.470%, due 12/25/2026 | 414608 |
| 1575860 | Fannie Mae-Aces Series 2016-M10 Class FA, 5.430%, due 08/25/2028 | 1571351 |
| 364160 | Freddie Mac Multifamily Structured Pass Through Certificates Series KF60 Class A, 4.960%, due 02/25/2026 | 364273 |
| 1000000 | Freddie Mac Multifamily Structured Pass Through Certificates Series K058 Class A2, 2.653%, due 08/25/2026 | 988595 |
| 1000000 | Freddie Mac Multifamily Structured Pass Through Certificates Series K064 Class A2, 3.220%, due 12/25/2026 | 990147 |
| 2770000 | Freddie Mac Multifamily Structured Pass Through Certificates Series K065 Class A2, 3.243%, due 04/25/2027 | 2741328 |
| 1000000 | Freddie Mac Multifamily Structured Pass Through Certificates Series KG01 Class A7, 2.875%, due 04/25/2026 | 995297 |
| **TOTAL GOVERNMENT-SPONSORED ENTERPRISE DEBT (Cost $9,907,919)** | **TOTAL GOVERNMENT-SPONSORED ENTERPRISE DEBT (Cost $9,907,919)** | 9910795 |
| **UNITED STATES TREASURY BONDS - *11.41%*** | **UNITED STATES TREASURY BONDS - *11.41%*** |  |
| 6000000 | United States Treasury Note/Bond, 2.25%, due 11/15/2025 | 5996530 |
| **TOTAL UNITED STATES TREASURY BONDS (Cost $5,995,565)** | **TOTAL UNITED STATES TREASURY BONDS (Cost $5,995,565)** | 5996530 |
| ***TOTAL LONG TERM-INVESTMENTS - 30.26% (Cost $15,903,484)*** | ***TOTAL LONG TERM-INVESTMENTS - 30.26% (Cost $15,903,484)*** | 15907325 |
| ***SHORT-TERM INVESTMENTS - 69.58%*** | ***SHORT-TERM INVESTMENTS - 69.58%*** |  |
| **UNITED STATES TREASURY BILLS *- 69.44%<sup>(a)</sup>*** | **UNITED STATES TREASURY BILLS *- 69.44%<sup>(a)</sup>*** |  |
| 13000000 | 0.97%, due 11/04/2025 | 12998622 |
| 10000000 | 3.56%, due 12/02/2025 | 9968893 |
| 5000000 | 3.59%, due 12/04/2025 | 4983340 |
| 8600000 | 3.72%, due 01/02/2026 | 8545071 |
|  |  | 36495926 |
| **MONEY MARKET FUNDS *- 0.14%*** | **MONEY MARKET FUNDS *- 0.14%*** |  |
| 75764 | Federated Hermes Treasury Obligations Fund Institutional Class, 3.93%<sup>(a)</sup> | 75764 |
| ***TOTAL SHORT TERM-INVESTMENTS - 69.58% (Cost $36,563,999)*** | ***TOTAL SHORT TERM-INVESTMENTS - 69.58% (Cost $36,563,999)*** | 36571690 |
| **TOTAL INVESTMENTS - 99.84% (Cost $52,467,483)** | **TOTAL INVESTMENTS - 99.84% (Cost $52,467,483)** | 52479015 |
| **Other Assets in Excess of Liabilities - 0.16%** | **Other Assets in Excess of Liabilities - 0.16%** | 84161 |
| **NET ASSETS - 100.00%** | **NET ASSETS - 100.00%** | $52563176 |

---

*(a)* *The rate shown represents the yield as of October 31, 2025.* 

Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments.

These inputs are summarized in the three broad levels listed below.

Level 1 - quoted prices in active markets for identical securities.

Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The following is a summary of the inputs used as of October 31, 2025 in valuing the Fund's assets carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Investments in Securities at Value<sup>(a)</sup>** |<br>**Level 1 - Quoted Prices** | **Level 2 - Significant**<br>**Observable Inputs** | **Level 3 - Significant**<br>**Unobservable Inputs** |<br>**Total** |
| Government-Sponsored Enterprise Debt | $– | $9910795 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | $9910795 |
| United States Treasury Bonds |  | 5996530 |  | 5996530 |
| United States Treasury Bills |  | 36495926 |  | 36495926 |
| Money Market Funds | 75764 | – | – | 75764 |
| Total | $75764 | $52403251 | $– | $52479015 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SPEND LIFE WISELY FUNDS INVESTMENT TRUST??

- **b. Investment Company Act file number:** 811-22576

- **c. CIK number of Registrant:** 0001524348

- **d. LEI of Registrant:** 529900PRLXHGOXGDU464

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

  - **Street Address 1:** 1845 Woodall Rodgers Fwy??

  - **City:** Dallas

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 75201

  - **Telephone number:** 2148715254

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

- **a. Name of Series:** Wisdom Short Duration ETF

- **b. EDGAR series identifier (if any):** S000086257

- **c. LEI of Series:** 529900W7V9DW1EHR4Q52

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $378317963.49

**Total Liabilities:** $8255825.34

**Net Assets:** $370062138.15

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 7307.64929940 | **1-Year:** 20280.71661637 | **5-Year:** 61114.03229709 | **10-Year:** 1825.85426170 | **30-Year:** 0.00000000

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

- **3-Month:** 308.33276786 | **1-Year:** 1482.79571865 | **5-Year:** 917.83448365 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000251712 | 0.62%                | 0.60%                | 0.40%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $248503.35               | $2256998.36                                |
| Month 2  | $166214.04               | $117328.92                                 |
| Month 3  | $-179200.68              | $-78398.89                                 |

**Designated Index Information**

- **Index Name:** Securities Only

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JPMORGAN CHASE & CO            | JPMORGAN CHASE JPM Float 08/01/28      | CUSIP: 16162LAB9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $982182.15     | 0.27%             | 2028-08-01      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA       | VOLKSWAGEN GRP VW 5.65 09/12/28        | CUSIP: 928668BW1<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3093805.14    | 0.84%             | 2028-09-12      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMORGAN CHASE JPM 4.915 01/24/29      | CUSIP: 46647PEU6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508950.89     | 0.14%             | 2029-01-24      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                 | NRG ENERGY INC NRG 5 3/4 07/15/29      | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5043916.85    | 1.36%             | 2029-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| NATWEST MARKETS PLC            | NATWEST MARKETS NWG 5.022 03/21/30     | CUSIP: 63906YAP3<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1028693.70    | 0.28%             | 2030-03-21      | Fixed         | 5.02%                 | Yes           |                  2 | On Loan: No      |
| Finance of America HECM Buyout | FAHB 2024-HB1 A1B                      | CUSIP: 31737DAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $989874.80     | 0.27%             | 2034-10-01      | Floating      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| STARWOOD MORTGAGE RESIDENTIAL  | STAR 2022-4 A1                         | CUSIP: 85571YAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3027270 | PA      | $3022724.73    | 0.82%             | 2067-05-25      | Fixed         | 5.19%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMORGAN CHASE JPM 5.14 01/24/31       | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1033467.74    | 0.28%             | 2031-01-24      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| CHNGE Mortgage Trust           | CHNGE 2022-NQM1 A1                     | CUSIP: 12569CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    624220 | PA      | $622713.65     | 0.17%             | 2067-06-25      | Fixed         | 5.19%                 | Yes           |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC       | LLOYDS BK GR PLC LLOYDS 4.425 11/04/31 | CUSIP: 53944YBD4<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $998545.88     | 0.27%             | 2031-11-04      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA        | HYUNDAI CAP AMER HYNMTR 5.275 06/24/27 | CUSIP: 44891ADB0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1117302.63    | 0.30%             | 2027-06-24      | Fixed         | 5.28%                 | Yes           |                  2 | On Loan: No      |
| GCAT                           | GCAT 2022-NQM2 A1                      | CUSIP: 36169KAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    663121 | PA      | $661220.94     | 0.18%             | 2067-02-25      | Floating      | 4.20%                 | Yes           |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP            | NOVA CHEMICALS NCX 8 1/2 11/15/28      | CUSIP: 66977WAT6<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1049592.00    | 0.28%             | 2028-11-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| TURKISH AIRLN 15-1 A PTT       | TURK AIR 15-1 A                        | CUSIP: 10010YAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | TR        |   2585186 | PA      | $2546674.52    | 0.69%             | 2027-03-15      | Fixed         | 4.20%                 | Yes           |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP          | BLUE OWL CAPITAL OBDC 5.95 03/15/29    | CUSIP: 69121KAH7<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1520327.03    | 0.41%             | 2029-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE LLC           | BAYER US FINANCE BAYNGR 6 3/8 11/21/30 | CUSIP: 07274EAK9<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1602446.66    | 0.43%             | 2030-11-21      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC        | TALEN ENERGY SUP TLN 8 5/8 06/01/30    | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1592779.50    | 0.43%             | 2030-06-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| BCP INVESTMENT CORP            | BCP INVESTMENT BCIC 4 7/8 04/30/26     | CUSIP: 73688FAC6<br>LEI: 254900YM5BVQKA01I468 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000007.62    | 0.27%             | 2026-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                    | FIGRE 2025-HE4 A                       | CUSIP: 31684PAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1387017 | PA      | $1394946.38    | 0.38%             | 2055-07-25      | Floating      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                 | MORGAN STANLEY MS 4.133 10/18/29       | CUSIP: 61748UAK8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498908.08     | 0.13%             | 2029-10-18      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION               | LGENERGYSOLUTION LGENSO 5 3/8 07/02/29 | CUSIP: 50205MAD1<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |   2000000 | PA      | $2050901.04    | 0.55%             | 2029-07-02      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| META PLATFORMS INC             | META PLATFORMS META 4.6 11/15/32       | CUSIP: 30303MAC6<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    500000 | PA      | $502659.99     | 0.14%             | 2032-11-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE        | TEVA PHARMACEUTI TEVA 5 1/8 05/09/29   | CUSIP: 88167AAQ4<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   5000000 | PA      | $5034975.00    | 1.36%             | 2029-05-09      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN       | AMERICAN AIRLINE                       | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $250791.68     | 0.07%             | 2026-04-20      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GSMBS 2025-PJ6 A4                      | CUSIP: 36272KAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1723641 | PA      | $1749619.77    | 0.47%             | 2055-11-25      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Blackrock Liquidity Tempcash   | Blackrock Liquidity TempCash Inst      | CUSIP: 09248U643<br>LEI: 549300FBEPBRWT48HK66 | Long             | STIV             | RF                | US        |    140944 | NS      | $140943.86     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMORGAN CHASE JPM 6.087 10/23/29      | CUSIP: 46647PDX1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1054064.10    | 0.28%             | 2029-10-23      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| FRANKLIN BSP REALTY TRST       | FRANKLIN BSP FBRT 8 1/4 04/25/30       | CUSIP: 35243JAA9<br>LEI: 549300LH3QNZK9Y1KC93 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5038726.85    | 1.36%             | 2030-04-25      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING          | ATHENE GLOBAL FU ATH 5.38 01/07/30     | CUSIP: 04685A4G3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2054007.72    | 0.56%             | 2030-01-07      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| ARES CAPITAL CORP              | ARES CAPITAL COR ARCC 5.1 01/15/31     | CUSIP: 04010LBL6<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3945448.96    | 1.07%             | 2031-01-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP       | SUMITOMO MITSUI SUMIBK Float 04/15/30  | CUSIP: 86562MDR8<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $1003839.65    | 0.27%             | 2030-04-15      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| SIXTH STREET SPECIALTY         | SIXTH STREET TSLX 6 1/8 03/01/29       | CUSIP: 83012AAC3<br>LEI: 549300TX61566GJWCN05 | Long             | DBT              | CORP              | US        |    500000 | PA      | $513431.21     | 0.14%             | 2029-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP         | MITSUB UFJ FIN MUFG Float 04/24/31     | CUSIP: 606822DJ0<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $1018080.14    | 0.28%             | 2031-04-24      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | VISTRA OPERATION VST 7 3/4 10/15/31    | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1592916.00    | 0.43%             | 2031-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING        | COREBRIDGE GF CRBG 5.2 06/24/29        | CUSIP: 00138CBA5<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1027460.52    | 0.28%             | 2029-06-24      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Finance of America Structured  | FASST 2024-S4 A3                       | CUSIP: 31741AAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4295173 | PA      | $4151816.42    | 1.12%             | 2074-11-25      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP       | LADDER CAP FINAN LADR 4 3/4 06/15/29   | CUSIP: 505742AP1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $981339.40     | 0.27%             | 2029-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| COTERRA ENERGY OP CO           | COTERRA ENERGY XEC 4 3/8 03/15/29      | CUSIP: 171798AE1<br>LEI: 11KYOFXPU1C4CQL1CL44 | Long             | DBT              | CORP              | US        |    650000 | PA      | $626566.16     | 0.17%             | 2029-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK          | TORONTO DOM BANK TD 4.808 06/03/30     | CUSIP: 89115KAB6<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   3500000 | PA      | $3570464.59    | 0.96%             | 2030-06-03      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange    | US 2YR NOTE (CBT) Dec25                | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |      -200 | NC      | $-41648437.60  | -11.25%           |  |  |  | No            |                  1 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD       | AVOLON HDGS AVOL 5 3/4 03/01/29        | CUSIP: 05401AAU5<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   2000000 | PA      | $2066463.18    | 0.56%             | 2029-03-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GSMBS 2025-PJ5 A2                      | CUSIP: 36272DAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    884987 | PA      | $891493.19     | 0.24%             | 2055-10-25      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| DEVON OEI OPERATING LLC        | SEAGULL ENERGY DVN 7 1/2 09/15/27      | CUSIP: 812007AE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1140838.52    | 0.31%             | 2027-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | STACR 2024-HQA1 A1                     | CUSIP: 35564NBW2<br>LEI: 529900PGKDI4ZEXFQ523 | Long             | ABS-MBS          | CORP              | US        |    433054 | PA      | $435325.94     | 0.12%             | 2044-03-25      | Floating      | 5.61%                 | Yes           |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME         | BLUE OWL CREDIT OCINCC 7 3/4 01/15/29  | CUSIP: 69120VAW1<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    750000 | PA      | $799373.32     | 0.22%             | 2029-01-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE         | BLACKSTONE PRIVA BCRED 5.6 11/22/29    | CUSIP: 09261HBU0<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3541383.83    | 0.96%             | 2029-11-22      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CRH AMERICA FINANCE INC        | CRH AMERICA FIN CRHID 4.4 02/09/31     | CUSIP: 12636YAH5<br>LEI: 549300WEVUODRJ4CWK56 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499604.90     | 0.14%             | 2031-02-09      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME         | BLUE OWL CREDIT OCINCC 5.8 03/15/30    | CUSIP: 09581CAD3<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1005696.79    | 0.27%             | 2030-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                       | BXMT 2020-FL2 B                        | CUSIP: 12434LAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1499208.30    | 0.41%             | 2038-02-15      | Floating      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA           | ROYAL BK CANADA RY Float 02/04/31      | CUSIP: 78017DAD0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   2500000 | PA      | $2508281.50    | 0.68%             | 2031-02-04      | Floating      | 4.30%                 | No            |                  2 | On Loan: No      |
| Brazos Education Funding       | BEF 2015-1 A                           | CUSIP: 10620XAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1433834 | PA      | $1436672.31    | 0.39%             | 2056-10-25      | Floating      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| HF SINCLAIR CORP               | HF SINCLAIR CORP DINO 5 3/4 01/15/31   | CUSIP: 403949AR1<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |   6750000 | PA      | $6995383.22    | 1.89%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD       | AVOLON HDGS AVOL 5 3/8 05/30/30        | CUSIP: 05401AAZ4<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   4000000 | PA      | $4106525.00    | 1.11%             | 2030-05-30      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage A | GNR 2019-H14 DF                        | CUSIP: 38380LZB2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | CORP              | US        |    965637 | PA      | $975676.09     | 0.26%             | 2069-08-20      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA             | CRED AGRICOLE SA ACAFP 5.222 05/27/31  | CUSIP: 22535WAR8<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   3000000 | PA      | $3077120.28    | 0.83%             | 2031-05-27      | Floating      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| DELTA AIR LINES INC            | DELTA AIR LINES DAL 4.95 07/10/28      | CUSIP: 247361A24<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2027904.76    | 0.55%             | 2028-07-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES 2020-A         | DELTA AIR 2020A                        | CUSIP: 247361ZW1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    293838 | PA      | $282030.45     | 0.08%             | 2028-06-10      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP       | TOYOTA MTR CRED TOYOTA 5 1/4 01/22/30  | CUSIP: 89236TNC5<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    500000 | PA      | $505621.26     | 0.14%             | 2030-01-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | CRESTWOOD MID PA ET 6 02/01/29         | CUSIP: 226373AR9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   3089000 | PA      | $3127818.81    | 0.85%             | 2029-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Finance of America Structured  | FASST 2025-S1 A3                       | CUSIP: 31741BAD6<br>LEI: 254900W0S6GNEJ457023 | Long             | ABS-MBS          | CORP              | US        |    957473 | PA      | $921595.62     | 0.25%             | 2075-02-25      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage A | GNR 2019-H15 FJ                        | CUSIP: 38380LD67<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | CORP              | US        |   2056916 | PA      | $2052683.56    | 0.55%             | 2069-09-20      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES       | DELTA/SKYMILES                         | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2517796.03    | 0.68%             | 2028-10-20      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust | CFMT 2022-HB9 A                        | CUSIP: 12530GAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    222898 | PA      | $219763.25     | 0.06%             | 2037-09-25      | Floating      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME         | BLUE OWL CREDIT OCINCC 6.6 09/15/29    | CUSIP: 09581CAB7<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3103720.56    | 0.84%             | 2029-09-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| AIR CANADA 2020-2A PTT         | AIR CAN 2020-2A                        | CUSIP: 00909DAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | CA        |   2108731 | PA      | $2157195.53    | 0.58%             | 2029-04-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMORGAN CHASE JPM Float 01/24/29      | CUSIP: 46647PET9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1502979.50    | 0.41%             | 2029-01-24      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | WELLS FARGO CO WFC Float 01/15/27      | CUSIP: 949746TG6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   6211000 | PA      | $6165201.76    | 1.67%             | 2027-01-15      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL INSURANCE       | LIBERTY MUT INS LIBMUT 7 7/8 10/15/26  | CUSIP: 53079QAC1<br>LEI: CNC20I6IOMGF7KY49D67 | Long             | DBT              | CORP              | US        |   1780000 | PA      | $1822713.06    | 0.49%             | 2026-10-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| NATWEST GROUP PLC              | NATWEST GROUP NWG 5.115 05/23/31       | CUSIP: 639057AV0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   3000000 | PA      | $3081252.27    | 0.83%             | 2031-05-23      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMORGAN CHASE JPM 5.04 01/23/28       | CUSIP: 46647PEA0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1010600.94    | 0.27%             | 2028-01-23      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC 2020-SPT1 M1                      | CUSIP: 12659LAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $973884.50     | 0.26%             | 2065-04-25      | Floating      | 3.39%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | GOLDMAN SACHS GP GS 5.207 01/28/31     | CUSIP: 38141GC36<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2064337.36    | 0.56%             | 2031-01-28      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | STACR 2025-DNA1 A1                     | CUSIP: 35564NFY4<br>LEI: 529900WZAMS87JCAOC53 | Long             | ABS-MBS          | CORP              | US        |    625000 | PA      | $625914.00     | 0.17%             | 2045-01-25      | Floating      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| ENERFLEX LTD                   | ENERFLEX LTD EFXCN 9 10/15/27          | CUSIP: 29269RAA3<br>LEI: 54930014N7872VUS3F89 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $512013.00     | 0.14%             | 2027-10-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| CIGNA GROUP/THE                | CIGNA GROUP/THE CI 4 1/2 09/15/30      | CUSIP: 125523CX6<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1004115.79    | 0.27%             | 2030-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMORGAN CHASE JPM 8 3/4 09/01/30      | CUSIP: 06423AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1382000 | PA      | $1638883.78    | 0.44%             | 2030-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA         | MORGAN STANLEY B MS 5.016 01/12/29     | CUSIP: 61690DK72<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2034625.92    | 0.55%             | 2029-01-12      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | GNR 2019-H04 NA                        | CUSIP: 38380LRU9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | CORP              | US        |    427012 | PA      | $406370.23     | 0.11%             | 2068-09-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG               | DEUTSCHE BANK AG DB 5 09/10/29         | CUSIP: 25161FAE8<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1000000 | PA      | $1004970.08    | 0.27%             | 2029-09-10      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO       | CAPITAL ONE FINL COF 6.312 06/08/29    | CUSIP: 14040HCZ6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1048269.20    | 0.28%             | 2029-06-08      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2020-1 A PTT        | UNTD AIR 20-1 A UAL 5 7/8 10/15/27     | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1700292 | PA      | $1740898.03    | 0.47%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                    | PRKCM 2024-HOME1 A1                    | CUSIP: 69391XAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1060181 | PA      | $1075493.65    | 0.29%             | 2059-05-25      | Fixed         | 6.43%                 | Yes           |                  2 | On Loan: No      |
| Simplify Treasury Option Incom | Simplify Treasury Option Incom         | CUSIP: 82889N640<br>LEI: 549300LQ7VHDVPTEGI80 | Long             | EC               | RF                | US        |    410000 | NS      | $9753900.00    | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES CAPITAL CORP              | ARES CAPITAL COR ARCC 5 1/2 09/01/30   | CUSIP: 04010LBK8<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4032842.76    | 1.09%             | 2030-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR       | OCCIDENTAL PETE OXY 7 7/8 09/15/31     | CUSIP: 674599DE2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1144718.89    | 0.31%             | 2031-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SKY1 Trust                     | SKY1 2025-LINE A                       | CUSIP: 830941AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    989474 | PA      | $996652.29     | 0.27%             | 2042-04-15      | Floating      | 6.74%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | GOLDMAN SACHS GP GS 4.153 10/21/29     | CUSIP: 38141GD27<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2991601.89    | 0.81%             | 2029-10-21      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| Janus Henderson AAA CLO ETF    | Janus Henderson AAA CLO ETF            | CUSIP: 47103U845<br>LEI: 549300N7UZ9PO4OVKA94 | Long             | EC               | RF                | US        |    280000 | NS      | $14207200.00   | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Finance of America HECM Buyout | FAHB 2024-HB1 M2                       | CUSIP: 31737DAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1501296.90    | 0.41%             | 2034-10-01      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CHENIERE ENERGY INC            | CHENIERE ENERGY LNG 4 5/8 10/15/28     | CUSIP: 16411RAK5<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |    605000 | PA      | $603830.03     | 0.16%             | 2028-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured  | FASST 2024-S2 A1                       | CUSIP: 31739VAA2<br>LEI: 2549004CLYOCOW3IBQ95 | Long             | ABS-MBS          | CORP              | US        |   1791115 | PA      | $1750876.72    | 0.47%             | 2074-04-25      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| BRITISH AIR 19-1 A PTT         | BRIT AIR 2019-1                        | CUSIP: 11043XAB9<br>LEI: 635400GSHSFIWYIDXC76 | Long             | ABS-MBS          | CORP              | US        |   1511405 | PA      | $1459886.61    | 0.39%             | 2029-06-15      | Fixed         | 3.35%                 | Yes           |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO 2021-NQM2 A1                     | CUSIP: 10569EAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1303178 | PA      | $1271814.91    | 0.34%             | 2060-03-25      | Floating      | 0.97%                 | Yes           |                  2 | On Loan: No      |
| Finance of America Structured  | FASST 2025-PC2 AV                      | CUSIP: 31740EAA7<br>LEI: 254900MVCFL5EKKFYU96 | Long             | ABS-MBS          | CORP              | US        |   3932098 | PA      | $3899068.35    | 1.05%             | 2075-05-25      | Floating      | 5.61%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust       | AOMT 2023-3 A1                         | CUSIP: 034931AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2816897 | PA      | $2805506.20    | 0.76%             | 2067-09-26      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| JABIL INC                      | JABIL INC JBLPP CP 0 11/03/25          | CUSIP: 46652LY35<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |   1620000 | PA      | $1619607.60    | 0.44%             | 2025-11-03      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMORGAN CHASE JPM Float 04/22/28      | CUSIP: 46647PEF9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1256902.16    | 0.34%             | 2028-04-22      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA       | VOLKSWAGEN GRP VW 5 1/4 03/22/29       | CUSIP: 928668CG5<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2041212.46    | 0.55%             | 2029-03-22      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA           | ROYAL BK CANADA RY 5.153 02/04/31      | CUSIP: 78017DAC2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   5500000 | PA      | $5665301.95    | 1.53%             | 2031-02-04      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| PALOMINO FUNDING TRUST I       | PALOMINO FUNDING VST 7.233 05/17/28    | CUSIP: 69754AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2275000 | PA      | $2408925.16    | 0.65%             | 2028-05-17      | Fixed         | 7.23%                 | Yes           |                  2 | On Loan: No      |
| UNITED AIR 2016-1 A PTT        | UNTD AIR 16-1 A                        | CUSIP: 90931MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1013593 | PA      | $975628.21     | 0.26%             | 2028-07-07      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP               | BAT CAPITAL CORP BATSLN 5.834 02/20/31 | CUSIP: 05526DBY0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1589240.06    | 0.43%             | 2031-02-20      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORP               | HF SINCLAIR CORP DINO 5 1/2 09/01/32   | CUSIP: 403949AT7<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1017417.87    | 0.27%             | 2032-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | GOLDMAN SACHS GP GS 3 3/4 02/25/26     | CUSIP: 38143U8H7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2998203.87    | 0.81%             | 2026-02-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| KOREA NATIONAL OIL CORP        | KOREA NATL OIL KOROIL Float 03/31/28   | CUSIP: 50065LAP5<br>LEI: 988400ZTQ08W926ONT36 | Long             | DBT              | CORP              | KR        |   1750000 | PA      | $1757153.07    | 0.47%             | 2028-03-31      | Floating      | 4.84%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage A | GNR 2023-H20 FL                        | CUSIP: 38383KDY5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | CORP              | US        |    917816 | PA      | $926258.65     | 0.25%             | 2073-05-20      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA           | ROYAL BK CANADA RY 4.969 08/02/30      | CUSIP: 78016HZZ6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   3582000 | PA      | $3666025.23    | 0.99%             | 2030-08-02      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD       | AVOLON HDGS AVOL 4.9 10/10/30          | CUSIP: 05401ABA8<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   2000000 | PA      | $2010219.36    | 0.54%             | 2030-10-10      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME         | BLUE OWL CREDIT OCINCC 7 3/4 09/16/27  | CUSIP: 69120VAP6<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1045924.43    | 0.28%             | 2027-09-16      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS       | TARGA RES PRTNRS TRGP 5 1/2 03/01/30   | CUSIP: 87612BBQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $506977.30     | 0.14%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION       | DEVON ENERGY DVN 5 7/8 06/15/28        | CUSIP: 25179MBE2<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |   2730000 | PA      | $2730259.49    | 0.74%             | 2028-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BLUE OWL TECHNOLOGY FINA       | BLUE OWL TECHNOL OTF 6.1 03/15/28      | CUSIP: 095924AA4<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2016054.34    | 0.54%             | 2028-03-15      | Fixed         | 6.10%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMORGAN CHASE JPM Float 02/01/27      | CUSIP: 31945HAB1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    145000 | PA      | $143752.81     | 0.04%             | 2027-02-01      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD       | AVOLON HDGS AVOL 5.15 01/15/30         | CUSIP: 05401AAX9<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   3000000 | PA      | $3049128.48    | 0.82%             | 2030-01-15      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL       | EAGLE LUXCO MEX 5 1/2 08/17/30         | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | CORP              | LU        |   8000000 | PA      | $8137200.00    | 2.20%             | 2030-08-17      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR       | OCCIDENTAL PETE OXY 6 1/8 01/01/31     | CUSIP: 674599EF8<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3162480.87    | 0.85%             | 2031-01-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PSEG POWER LLC                 | PSEG POWER LLC PEG 5.2 05/15/30        | CUSIP: 69362BBD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8208738.16    | 2.22%             | 2030-05-15      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | ENERGY TRANS ET 5.2 04/01/30           | CUSIP: 29273VBD1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $515780.96     | 0.14%             | 2030-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | VISTRA OPERATION VST 5 07/31/27        | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1251457.50    | 0.34%             | 2027-07-31      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC       | MICROCHIP TECH MCHP 5.05 02/15/30      | CUSIP: 595017BL7<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1530626.51    | 0.41%             | 2030-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| UNUM GROUP                     | UNUM GROUP UNM 7 1/4 03/15/28          | CUSIP: 743862AA2<br>LEI: 549300E32YFDO6TZ8R31 | Long             | DBT              | CORP              | US        |   5007000 | PA      | $5293696.96    | 1.43%             | 2028-03-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC              | NATWEST GROUP NWG Float 05/23/29       | CUSIP: 639057AU2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1003961.65    | 0.27%             | 2029-05-23      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA       | VOLKSWAGEN GRP VW 6.45 11/16/30        | CUSIP: 928668CC4<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1609799.27    | 0.44%             | 2030-11-16      | Fixed         | 6.45%                 | Yes           |                  2 | On Loan: No      |
| PPG INDUSTRIES INC             | PPG INDUSTRIES PPG 4 3/8 03/15/31      | CUSIP: 693506BY2<br>LEI: 549300BKPEP01R3V6C59 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996686.91     | 0.27%             | 2031-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO 2022-NQM3 A1                     | CUSIP: 10569JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    446899 | PA      | $446300.18     | 0.12%             | 2062-07-25      | Floating      | 5.11%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMORGAN CHASE JPM Float 02/01/27      | CUSIP: 161480AB4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1140000 | PA      | $1131847.94    | 0.31%             | 2027-02-01      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | MORGAN STANLEY MS 4.994 04/12/29       | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    500000 | PA      | $509377.54     | 0.14%             | 2029-04-12      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC              | NATWEST GROUP NWG 5.076 01/27/30       | CUSIP: 78009PEH0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $2045248.18    | 0.55%             | 2030-01-27      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE         | BLACKSTONE PRIVA BCRED 7.3 11/27/28    | CUSIP: 09261HBC0<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1063593.40    | 0.29%             | 2028-11-27      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL         | ANGLO AMERICAN AALLN 5 5/8 04/01/30    | CUSIP: 034863AW0<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |   5000000 | PA      | $5225526.30    | 1.41%             | 2030-04-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| DEUTSCHE BANK NY               | DEUTSCHE BANK NY DB 5.297 05/09/31     | CUSIP: 251526DA4<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1000000 | PA      | $1023487.16    | 0.28%             | 2031-05-09      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage T | STWD 2021-FL2 C                        | CUSIP: 78486BAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2000000.00    | 0.54%             | 2038-04-18      | Floating      | 6.35%                 | Yes           |                  2 | On Loan: No      |
| Stone Street Receivables Fundi | SSCRF 2015-1A A                        | CUSIP: 86175EAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1115900 | PA      | $1002052.22    | 0.27%             | 2054-12-15      | Fixed         | 3.57%                 | Yes           |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | CRESTWOOD MID PA ET 5 5/8 05/01/27     | CUSIP: 226373AQ1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1499000 | PA      | $1499283.99    | 0.41%             | 2027-05-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| AS MILEAGE PLAN IP LTD         | AS MILEAGE PLAN ALK 5.021 10/20/29     | CUSIP: 00218QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   3000000 | PA      | $2992705.95    | 0.81%             | 2029-10-20      | Fixed         | 5.02%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GSMBS 2025-PJ4 A5                      | CUSIP: 36271WAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1986620 | PA      | $1999946.49    | 0.54%             | 2055-09-25      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Finance of America Structured  | FASST 2024-S4 AV                       | CUSIP: 31741AAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2208536 | PA      | $2211825.99    | 0.60%             | 2074-11-25      | Floating      | 5.86%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae - CAS               | CAS 2025-R01 1A1                       | CUSIP: 20755JAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    886883 | PA      | $887893.83     | 0.24%             | 2045-01-25      | Floating      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| DTE ENERGY CO                  | DTE ENERGY CO DTE 5.2 04/01/30         | CUSIP: 233331BN6<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5159376.90    | 1.39%             | 2030-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CVS PASS-THROUGH TRUST         | CVS PASS-THROUGH                       | CUSIP: 126650BC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    326067 | PA      | $328558.60     | 0.09%             | 2028-01-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BLUE OWL TECHNOLOGY FINA       | OWL ROCK TECHNOL ORTFIN 4 3/4 12/15/25 | CUSIP: 691205AC2<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499796.90     | 0.14%             | 2025-12-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| ENBRIDGE INC                   | ENBRIDGE INC ENBCN 6.2 11/15/30        | CUSIP: 29250NBY0<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $539286.81     | 0.15%             | 2030-11-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA        | HYUNDAI CAP AMER HYNMTR 5.1 06/24/30   | CUSIP: 44891ADW4<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    500000 | PA      | $511419.61     | 0.14%             | 2030-06-24      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                 | MORGAN STANLEY MS 5.656 04/18/30       | CUSIP: 61747YFQ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2086676.06    | 0.56%             | 2030-04-18      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION               | LGENERGYSOLUTION LGENSO 5 1/4 04/02/28 | CUSIP: 50205MAF6<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |   1000000 | PA      | $1019030.87    | 0.28%             | 2028-04-02      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Provident Funding Mortgage Tru | PFMT 2025-2 A4                         | CUSIP: 74389DAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3418313 | PA      | $3440375.81    | 0.93%             | 2055-06-25      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| WESTPAC BANKING CORP           | WESTPAC BANKING WSTP 3.02 11/18/36     | CUSIP: 961214EX7<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   2400000 | PA      | $2153322.53    | 0.58%             | 2036-11-18      | Floating      | 3.02%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA           | ROYAL BK CANADA RY 4.965 01/24/29      | CUSIP: 78017DAA6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   3000000 | PA      | $3050882.19    | 0.82%             | 2029-01-24      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| AIR CANADA 2020-1C PTT         | AIR CAN 2020-1C ACACN 10 1/2 07/15/26  | CUSIP: 008911BD0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2071146.80    | 0.56%             | 2026-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO            | AMERICAN EXPRESS AXP Float 07/20/29    | CUSIP: 025816EL9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001613.34    | 0.27%             | 2029-07-20      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | GNR 2020-H17 BF                        | CUSIP: 38380QLZ3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | CORP              | US        |    926122 | PA      | $942392.38     | 0.25%             | 2070-09-20      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| SIXTH STREET LENDING PAR       | SIXTH STREET LEN SIXSLP 6 1/2 03/11/29 | CUSIP: 829932AB8<br>LEI: 549300S9P1HMDERGCR64 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5187881.40    | 1.40%             | 2029-03-11      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA         | MORGAN STANLEY B MS Float 01/12/29     | CUSIP: 61690DK64<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1504418.85    | 0.41%             | 2029-01-12      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                 | NRG ENERGY INC NRG 5 1/4 06/15/29      | CUSIP: 629377CH3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1340000 | PA      | $1346643.30    | 0.36%             | 2029-06-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| VALERO ENERGY CORP             | VALERO ENERGY VLO 5.15 02/15/30        | CUSIP: 91913YBF6<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1543494.03    | 0.42%             | 2030-02-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg | GRADE 2022-SEQ2 A3                     | CUSIP: 79581RAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $981637.60     | 0.27%             | 2052-02-25      | Floating      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING             | RGA GLOBAL RGA 5 1/4 01/09/30          | CUSIP: 76209PAG8<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1035723.48    | 0.28%             | 2030-01-09      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust | CFMT 2024-HB13 A                       | CUSIP: 12530VAA3<br>LEI: 984500D67D63D8645054 | Long             | ABS-MBS          | CORP              | US        |    554995 | PA      | $548113.95     | 0.15%             | 2034-05-25      | Floating      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN          | MIZUHO MARKETS MIZUHO Float 05/01/26   | CUSIP: 60700JDE2<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |   2500000 | PA      | $2501081.78    | 0.68%             | 2026-05-01      | Floating      | 4.55%                 | Yes           |                  2 | On Loan: No      |
| DANSKE BANK A/S                | DANSKE BANK A/S DANBNK 5.019 03/04/31  | CUSIP: 23636ABK6<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   1500000 | PA      | $1530876.18    | 0.41%             | 2031-03-04      | Floating      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| Provident Funding Mortgage Tru | PFMT 2025-2 A2                         | CUSIP: 74389DAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    890934 | PA      | $897483.77     | 0.24%             | 2055-06-25      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR       | OCCIDENTAL PETE OXY 5.2 08/01/29       | CUSIP: 674599EJ0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1021764.00    | 0.28%             | 2029-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ALASKA AIRLINES 2020 TR        | ALK 2020 TRUST                         | CUSIP: 01166VAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    152015 | PA      | $152570.33     | 0.04%             | 2027-08-15      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| LGENERGYSOLUTION               | LGENERGYSOLUTION LGENSO Float 04/02/30 | CUSIP: 50205MAH2<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |   2500000 | PA      | $2550350.00    | 0.69%             | 2030-04-02      | Floating      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| DEUTSCHE BANK NY               | DEUTSCHE BANK NY DB 4 7/8 12/01/32     | CUSIP: 251526BN8<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1000000 | PA      | $1001477.80    | 0.27%             | 2032-12-01      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP        | AUST & NZ BANK ANZ 5.731 09/18/34      | CUSIP: 052528AR7<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |   1085000 | PA      | $1123930.28    | 0.30%             | 2034-09-18      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| DAE SUKUK DIFC LTD             | DAE SUKUK DIFC DUBAEE 4 1/2 10/16/30   | CUSIP: 23302JAC9<br>LEI: 635400AMGMPG1J5EQD94 | Long             | DBT              | CORP              | AE        |   2000000 | PA      | $1987472.48    | 0.54%             | 2030-10-16      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | BANK OF AMER CRP BAC 8.05 06/15/27     | CUSIP: 06051GHP7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1054964.50    | 0.29%             | 2027-06-15      | Fixed         | 8.05%                 | No            |                  2 | On Loan: No      |
| SIXTH STREET LENDING PAR       | SIXTH STREET LEN SIXSLP 5 3/4 01/15/30 | CUSIP: 829932AD4<br>LEI: 549300S9P1HMDERGCR64 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2027158.08    | 0.55%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP          | BLUE OWL CAPITAL OBDC 6.2 07/15/30     | CUSIP: 69121KAJ3<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1533796.67    | 0.41%             | 2030-07-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange    | US 5YR NOTE (CBT) Dec25                | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |     -1250 | NC      | $-136513672.50 | -36.89%           |  |  |  | No            |                  1 | On Loan: No      |
| SIXTH STREET LENDING PAR       | SIXTH STREET LEN SIXSLP 6 1/8 07/15/30 | CUSIP: 829932AE2<br>LEI: 549300S9P1HMDERGCR64 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1542374.48    | 0.42%             | 2030-07-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK          | TORONTO DOM BANK TD 5 07/11/30         | CUSIP: 89115JBD4<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $601026.40     | 0.16%             | 2030-07-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                   | ENBRIDGE INC ENBCN 4.9 06/20/30        | CUSIP: 29250NCJ2<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    774000 | PA      | $792093.97     | 0.21%             | 2030-06-20      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                     | MFRA 2022-NQM2 A2                      | CUSIP: 55285QAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1892478 | PA      | $1871939.15    | 0.51%             | 2067-05-25      | Floating      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CITADEL FINANCE LLC            | CITADEL FINANCE CITADL 5.9 02/10/30    | CUSIP: 17287HAD2<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3031717.35    | 0.82%             | 2030-02-10      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA       | VOLKSWAGEN GRP VW 5.35 03/27/30        | CUSIP: 928668CQ3<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5648355.13    | 1.53%             | 2030-03-27      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| VineBrook Homes                | VINEB 2024-SFR1 A                      | CUSIP: 92737DAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    486193 | PA      | $478622.11     | 0.13%             | 2041-03-17      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| ORANGE SA                      | FRANCE TELECOM ORAFP 9 03/01/31        | CUSIP: 35177PAL1<br>LEI: 969500MCOONR8990S771 | Long             | DBT              | CORP              | FR        |   2000000 | PA      | $2421045.18    | 0.65%             | 2031-03-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP         | MIZUHO FINANCIAL MIZUHO 5.098 05/13/31 | CUSIP: 60687YDH9<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   2000000 | PA      | $2059935.76    | 0.56%             | 2031-05-13      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA        | NATL BANK CANADA NACN 5.6 12/18/28     | CUSIP: 63307A2X2<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2085488.24    | 0.56%             | 2028-12-18      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS PRIVATE CR       | GOLDMAN GSCRED 6 1/4 05/06/30          | CUSIP: 38152BAC5<br>LEI: 549300TD27G6372IYJ65 | Long             | DBT              | CORP              | US        |    500000 | PA      | $511540.57     | 0.14%             | 2030-05-06      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| LGENERGYSOLUTION               | LGENERGYSOLUTION LGENSO 5 3/8 04/02/30 | CUSIP: 50205MAG4<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |   2000000 | PA      | $2057085.40    | 0.56%             | 2030-04-02      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| ANZ BANK NEW ZEALAND LTD       | ANZ BANK NZ LTD ANZNZ 5.548 08/11/32   | CUSIP: 00182YAA3<br>LEI: HZSN7FQBPO5IEWYIGC72 | Long             | DBT              | CORP              | NZ        |   2390000 | PA      | $2435736.64    | 0.66%             | 2032-08-11      | Floating      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING        | COREBRIDGE GF CRBG 4.45 10/02/30       | CUSIP: 00138CBJ6<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1991218.16    | 0.54%             | 2030-10-02      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK          | TORONTO DOM BANK TD 5.4 01/31/30       | CUSIP: 89114XGX5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1011395.93    | 0.27%             | 2030-01-31      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| SA GLOBAL SUKUK LTD            | SA GLOBAL SUKU ARAMCO 4 1/8 09/17/30   | CUSIP: 78397PAG6<br>LEI: 5493007DFAVKU7UOGR47 | Long             | DBT              | CORP              | KY        |   4000000 | PA      | $3942029.60    | 1.07%             | 2030-09-17      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC         | DIAMONDBACK ENER FANG 5.15 01/30/30    | CUSIP: 25278XAY5<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1026568.72    | 0.28%             | 2030-01-30      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY               | DEUTSCHE BANK NY DB 5.373 01/10/29     | CUSIP: 25160PAQ0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1750000 | PA      | $1786269.75    | 0.48%             | 2029-01-10      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Ocwen Loan Investment Trust    | OLIT 2025-HB1 M1                       | CUSIP: 68278EAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $947478.10     | 0.26%             | 2038-06-25      | Floating      | 3.00%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-30

**Name of Applicant:** Spend Life Wisely Funds Investment Trust

**Signature:** Kenneth Scott Canon

**Name of Signer:** Kenneth Scott Canon

**Title:** President (Principal Executive Officer)