# EDGAR Filing Document

**Accession Number:** 0001741600
**File Stem:** 0001752724-23-040608
**Filing Date:** 2023-2
**Character Count:** 247439
**Document Hash:** 7cbb0835d4ceae0b7863613789179073
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-040608.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001752724-23-040608

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock Multi-Sector Opportunities Trust II
- **CENTRAL INDEX KEY:** 0001741600
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23357
- **FILM NUMBER:** 23668277

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** (800) 882-0052

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlackRock Multi-Sector Opportunities Trust II

- **b. Investment Company Act file number:** 811-23357

- **c. CIK number of Registrant:** 0001741600

- **d. LEI of Registrant:** 54930038NLVSSPM85C92

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

  - **Street Address 1:** 100 BELLEVUE PARKWAY

  - **City:** WILMINGTON

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

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

- **a. Name of Series:** BlackRock Multi-Sector Opportunities Trust II

- **c. LEI of Series:** 54930038NLVSSPM85C92

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $108222321.41

**Total Liabilities:** $21238832.09

**Net Assets:** $86983489.32

**Delayed Delivery Securities:** $381925.87

**Cash Not Reported:** $1924060.96

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 3515.14000000 | **1-Year:** 256.04000000 | **5-Year:** 3250.95000000 | **10-Year:** 2290.49000000 | **30-Year:** 6503.08000000

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

- **3-Month:** 10231.37000000 | **1-Year:** 3397.54000000 | **5-Year:** 13904.74000000 | **10-Year:** 1999.88000000 | **30-Year:** 2742.94000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.53%                | 3.70%                | 0.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-655712.42              | $419934.58                                 |
| Month 2  | $-2013707.39             | $5235007.54                                |
| Month 3  | $-747913.07              | $1024866.23                                |

**Designated Index Information**

- **Index Name:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

- **Index Identifier:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GREENKO SOLAR MAURITIUS                       | Greenko Solar Mauritius Ltd                                                      | CUSIP: 000000000<br>LEI: 2138007S1PL541B3KP92 | Long             | DBT              | CORP              | MU        |    200000 | PA      | $181250.00    | 0.21%             | 2026-07-29      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| TELEFONICA EUROPE BV                          | Telefonica Europe BV                                                             | CUSIP: 000000000<br>LEI: 7245007FZS0M65WUGP67 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $400080.50    | 0.46%             | 2029-02-12      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP TEGNA INC 4                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -115500 | PA      | $-115500.00   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                      | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      9000 | PA      | $7445.91      | 0.01%             | 2030-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                        | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11000 | PA      | $9845.00      | 0.01%             | 2027-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                          | SWAP/CDSWAP/SCDS: (CMACG)                                                        | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              |  | XX        |      3938 | OU      | $150.07       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC BOR ESC                      | Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc | CUSIP: 43284MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    147000 | PA      | $126420.00    | 0.15%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                      | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AM7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $24021.92     | 0.03%             | 2029-08-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| AMC Networks Inc                              | AMC Networks Inc                                                                 | CUSIP: 00164VAD5<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6545.00      | 0.01%             | 2024-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOXER PARENT CO INC                           | Boxer Parent Co Inc                                                              | CUSIP: 000000000<br>LEI: 5493006T045HLTF7YX04 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101635.97    | 0.12%             | 2025-10-02      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AIB GROUP PLC                                 | AIB Group PLC                                                                    | CUSIP: 000000000<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $199950.12    | 0.23%             | 2025-06-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                | Palmer Square Loan Funding 2022-2 Ltd                                            | CUSIP: 69702KAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $228750.55    | 0.26%             | 2030-10-15      | Floating      | 10.06%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                          | Colombia Government International Bond                                           | CUSIP: 195325DT9<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    200000 | PA      | $119912.50    | 0.14%             | 2051-05-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                | Home Depot Inc/The                                                               | CUSIP: 437076CQ3<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |     42000 | PA      | $32420.60     | 0.04%             | 2052-04-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Recette CLO LLC                               | Recette Clo Ltd                                                                  | CUSIP: 75620TAZ1<br>LEI: 549300392I5L5XOJ0016 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $897476.10    | 1.03%             | 2034-04-20      | Floating      | 7.49%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                         | RRP JPMORGAN CH                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |    -64125 | PA      | $-64125.00    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust           | Citigroup Commercial Mortgage Trust 2019-PRM                                     | CUSIP: 29429JAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $741933.60    | 0.85%             | 2036-05-10      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                  | Hudson Yards 2019-55HY Mortgage Trust                                            | CUSIP: 44421MAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    498318 | PA      | $334955.11    | 0.39%             | 2041-12-10      | Variable      | 2.94%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                  | CaixaBank SA                                                                     | CUSIP: 000000000<br>LEI: 549300685QG7DJS55M76 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $208452.06    | 0.24%             | 2023-09-19      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ALLEGIANT TRAVEL CO                           | Allegiant Travel Co                                                              | CUSIP: 01748XAD4<br>LEI: 549300JM9OZXOHWL2K18 | Long             | DBT              | CORP              | US        |     24000 | PA      | $22827.88     | 0.03%             | 2027-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Fairstone Financial Issuance Trust I          | Fairstone Financial Issuance Trust I                                             | CUSIP: 30575PAU0<br>LEI: 549300LY2ZF7LX6T3F37 | Long             | ABS-O            | CORP              | CA        |    150000 | PA      | $100727.10    | 0.12%             | 2039-10-20      | Fixed         | 6.87%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                            | Banco Santander SA                                                               | CUSIP: 000000000<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $148000.35    | 0.17%             | 2029-03-21      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Rossini Sarl                                  | Rossini Sarl                                                                     | CUSIP: 000000000<br>LEI: 549300EC5JCCW6F83R11 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $105852.04    | 0.12%             | 2025-10-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                         | Mexico Government International Bond                                             | CUSIP: 91087BAT7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $184200.00    | 0.21%             | 2033-05-19      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                              | Peruvian Government International Bond                                           | CUSIP: 715638DS8<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    170000 | PA      | $123866.25    | 0.14%             | 2041-03-11      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| PICARD GROUPE SA                              | Picard Groupe SAS                                                                | CUSIP: 000000000<br>LEI: 969500C0PA29TV19CT55 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $91101.67     | 0.10%             | 2026-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD               | Golub Capital Partners CLO 55B LTD                                               | CUSIP: 38178QAA6<br>LEI: 254900ZZ9HHZTOQ1XK24 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $220129.10    | 0.25%             | 2034-07-20      | Floating      | 10.80%                | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                         | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAA4<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $183387.12    | 0.21%             | 2026-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                          | Colombia Government International Bond                                           | CUSIP: 195325DS1<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    340000 | PA      | $251982.50    | 0.29%             | 2031-04-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                          | FREMF 2019-K99 Mortgage Trust                                                    | CUSIP: 30314FAC8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $850973.80    | 0.98%             | 2052-10-25      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                               | IHS Holding Ltd                                                                  | CUSIP: 44963HAB1<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $160787.50    | 0.18%             | 2028-11-29      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CHESAPEAKE ENERGY CORP                        | Chesapeake Energy Corp                                                           | CUSIP: 165167DF1<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |     51000 | PA      | $49213.73     | 0.06%             | 2026-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GRUPO AVAL LTD                                | Grupo Aval Ltd                                                                   | CUSIP: 40053FAC2<br>LEI: 549300J4FW1ELLQ80113 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $161600.00    | 0.19%             | 2030-02-04      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LORCA TELECOM BONDCO                          | Lorca Telecom Bondco SA                                                          | CUSIP: 000000000<br>LEI: 9598004HFBAS82YM7X35 | Long             | DBT              | CORP              | ES        |    100000 | PA      | $95537.62     | 0.11%             | 2027-09-18      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Group AG                        | Credit Suisse Group AG                                                           | CUSIP: 225436AA2<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |    200000 | PA      | $156306.00    | 0.18%             | 2024-12-18      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FIVE POINT OP CO LP/FIVE                      | Five Point Operating Co LP / Five Point Capital Corp                             | CUSIP: 33834YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    467000 | PA      | $392570.02    | 0.45%             | 2025-11-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                      | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAG5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     10000 | PA      | $7813.70      | 0.01%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                  | ING Groep NV                                                                     | CUSIP: 456837AZ6<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $137251.26    | 0.16%             | 2031-05-16      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                           | Kinetik Holdings LP                                                              | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18755.66     | 0.02%             | 2030-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                        | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     13000 | PA      | $12358.84     | 0.01%             | 2028-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                          | RRP MC BRAZIL D                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -137000 | PA      | $-137000.00   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                           | Altice Financing SA                                                              | CUSIP: 000000000<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $97978.24     | 0.11%             | 2025-01-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Gulf Stream Meridian 7 Ltd                    | Gulf Stream Meridian 7 Ltd                                                       | CUSIP: 40256JAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $224951.13    | 0.26%             | 2035-07-15      | Floating      | 10.71%                | No            |                  2 | On Loan: No      |
| MATTAMY GROUP CORP                            | Mattamy Group Corp                                                               | CUSIP: 57701RAJ1<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |      9000 | PA      | $7981.50      | 0.01%             | 2027-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                         | Caesars Entertainment Inc                                                        | CUSIP: 28470RAK8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    146000 | PA      | $143452.30    | 0.16%             | 2027-07-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                | Morgan Stanley Capital I 2017-HR2                                                | CUSIP: 61691NAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    625000 | PA      | $425384.00    | 0.49%             | 2050-12-15      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                            | Dominican Republic International Bond                                            | CUSIP: 25714PEF1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    311000 | PA      | $257119.25    | 0.30%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Dominican Republic                            | Dominican Republic International Bond                                            | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    114000 | PA      | $114876.38    | 0.13%             | 2026-01-29      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MASONITE INTERNATIONAL C                      | Masonite International Corp                                                      | CUSIP: 575385AD1<br>LEI: 549300H0H07ZFT4JYM32 | Long             | DBT              | CORP              | CA        |      9000 | PA      | $8321.49      | 0.01%             | 2028-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                   | Oracle Corp                                                                      | CUSIP: 68389XCA1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     23000 | PA      | $16386.10     | 0.02%             | 2051-03-25      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                          | Colombia Government International Bond                                           | CUSIP: 195325EF8<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    200000 | PA      | $199600.00    | 0.23%             | 2033-04-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP GEOPARK LTD                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -165500 | PA      | $-165500.00   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP TRANSDIGM I                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -694912 | PA      | $-694912.50   | -0.80%            |  |  |  | No            |                  2 | On Loan: No      |
| Vodafone Group PLC                            | Vodafone Group PLC                                                               | CUSIP: 000000000<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $96875.68     | 0.11%             | 2078-10-03      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                  | Comcast Corp                                                                     | CUSIP: 20030NDS7<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    105000 | PA      | $67435.72     | 0.08%             | 2051-11-01      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| TEGNA INC                                     | TEGNA Inc                                                                        | CUSIP: 87901JAJ4<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |    150000 | PA      | $142455.00    | 0.16%             | 2028-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| GOL FINANCE SA                                | Gol Finance SA                                                                   | CUSIP: 36254VAA6<br>LEI: 5299007RH8MA67ZC6J07 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $87037.50     | 0.10%             | 2025-01-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                          | RRP T MOBILE US                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -104775 | PA      | $-104775.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP                         | Norfolk Southern Corp                                                            | CUSIP: 655844CF3<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    175000 | PA      | $117211.94    | 0.13%             | 2050-05-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                                | CarVal CLO III Ltd                                                               | CUSIP: 14686VAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1300000 | PA      | $1125746.70   | 1.29%             | 2032-07-20      | Floating      | 10.68%                | No            |                  2 | On Loan: No      |
| ORANO SA                                      | Orano SA                                                                         | CUSIP: 000000000<br>LEI: 969500161UMNDC85C891 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $96216.90     | 0.11%             | 2028-03-08      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                   | RRP SELECT MEDI                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -318600 | PA      | $-318600.00   | -0.37%            |  |  |  | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                              | Boyd Gaming Corp                                                                 | CUSIP: 103304BU4<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |    331000 | PA      | $308286.78    | 0.35%             | 2027-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AXA SA                                        | AXA SA                                                                           | CUSIP: 000000000<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $99008.87     | 0.11%             | 2047-07-06      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                      | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 05971PAA6<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    300000 | PA      | $292181.25    | 0.34%             | 2024-09-27      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                              | Altice France SA/France                                                          | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $93114.12     | 0.11%             | 2027-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                              | PURCHASED USD / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |         1 | NC      | $-79.53       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                           | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $189960.00    | 0.22%             | 2023-07-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FREEPORT INDONESIA PT                         | Freeport Indonesia PT                                                            | CUSIP: 000000000<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $191772.00    | 0.22%             | 2027-04-14      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Republic of Guatemala                         | Guatemala Government Bond                                                        | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    200000 | PA      | $191662.50    | 0.22%             | 2026-05-03      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PUMA INTERNATIONAL FINAN                      | Puma International Financing SA                                                  | CUSIP: 000000000<br>LEI: 222100YFBPO7IDRUBR17 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $185000.00    | 0.21%             | 2024-10-06      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                          | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    914000 | PA      | $855826.34    | 0.98%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                      | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    234000 | PA      | $207815.40    | 0.24%             | 2027-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Lendmark Funding Trust                        | Lending Funding Trust 2020-2                                                     | CUSIP: 51507KAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $339742.00    | 0.39%             | 2031-04-21      | Fixed         | 6.77%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE LUFTHANSA AG                         | Deutsche Lufthansa AG                                                            | CUSIP: 000000000<br>LEI: 529900PH63HYJ86ASW55 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $92861.49     | 0.11%             | 2027-05-16      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                      | Ford Motor Credit Co LLC                                                         | CUSIP: 345397ZQ9<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    597000 | PA      | $589149.45    | 0.68%             | 2024-03-18      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                      | Kaisa Group Holdings Ltd                                                         | CUSIP: G52132BW9<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $26000.00     | 0.03%             | 2022-10-22      | Fixed         | 11.95%                | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                      | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11000 | PA      | $9902.71      | 0.01%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORESTAR GROUP INC                            | Forestar Group Inc                                                               | CUSIP: 346232AE1<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |    319000 | PA      | $273690.71    | 0.31%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                           | COMM 2013-GAM                                                                    | CUSIP: 12624UAQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    110000 | PA      | $102912.08    | 0.12%             | 2028-02-10      | Variable      | 3.42%                 | No            |                  3 | On Loan: No      |
| BNP Paribas SA                                | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-15943.64    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| UMBS, TBA                                     | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F042616<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |   2184377 | PA      | $2101930.51   | 2.42%             | 2053-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fertitta Entertainment, LLC                   | Fertitta Entertainment, LLC 2022 Term Loan B                                     | CUSIP: 31556PAB3<br>LEI: 984500A0805D8V551D35 | Long             | LON              | CORP              | US        |    247127 | PA      | $234493.42    | 0.27%             | 2029-01-27      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| White Cap Buyer LLC                           | White Cap Buyer LLC Term Loan B                                                  | CUSIP: 96350TAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    198959 | PA      | $192067.08    | 0.22%             | 2027-10-19      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Voyager OPTONE Delaware Trust                 | Voyager OPTONE Delaware Trust                                                    | CUSIP: 92911BAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3455075 | PA      | $957344.18    | 1.10%             | 2038-02-25      | Variable      | 4.29%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP HOME DEPOT                                                                   | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |    -78162 | PA      | $-78162.50    | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                      | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 05973KAA5<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $178100.00    | 0.20%             | 2027-01-24      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                         | RRP TENET HEALT                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -405600 | PA      | $-405600.00   | -0.47%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America N.A.                          | PURCHASED USD / SOLD CAD                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $-726.37      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HTA GROUP LTD                                 | HTA Group Ltd/Mauritius                                                          | CUSIP: 40435WAB6<br>LEI: 213800WEFU8O8X6EPU13 | Long             | DBT              | CORP              | MU        |    200000 | PA      | $183600.00    | 0.21%             | 2025-12-18      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                      | Saudi Government International Bond                                              | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    200000 | PA      | $156662.50    | 0.18%             | 2055-01-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                              | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |         1 | NC      | $-11949.72    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                   | SWP: OIS 3.710000 10-JAN-2027                                                    | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |   2365700 | OU      | $-12612.76    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                      | Permian Resources Operating LLC                                                  | CUSIP: 15138AAC4<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     51000 | PA      | $48054.14     | 0.06%             | 2027-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                          | RRP BECTON DICK                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |    -27455 | PA      | $-27455.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                           | JPMorgan Chase & Co                                                              | CUSIP: 46647PCE4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    100000 | PA      | $67581.70     | 0.08%             | 2052-04-22      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                       | GLP Capital LP / GLP Financing II Inc                                            | CUSIP: 361841AQ2<br>LEI: N/A                  | Long             | DBT              |  | US        |    164000 | PA      | $140679.20    | 0.16%             | 2031-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                       | United Rentals North America Inc                                                 | CUSIP: 911365BQ6<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |     51000 | PA      | $50681.25     | 0.06%             | 2029-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                      | Neuberger Berman Loan Advisers CLO 32 Ltd                                        | CUSIP: 64132EAL0<br>LEI: 5493007YBEOXQIHH3C54 | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $359603.72    | 0.41%             | 2032-01-20      | Floating      | 10.33%                | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                      | Permian Resources Operating LLC                                                  | CUSIP: 15138AAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    834000 | PA      | $759177.43    | 0.87%             | 2026-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CROWNROCK LP/CROWNROCK F                      | CrownRock LP / CrownRock Finance Inc                                             | CUSIP: 228701AF5<br>LEI: WFBCP6PB6JZR80B7U482 | Long             | DBT              | CORP              | US        |     42000 | PA      | $40530.00     | 0.05%             | 2025-10-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                           | JPMorgan Chase & Co                                                              | CUSIP: 46647PBV7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |      9000 | PA      | $5884.01      | 0.01%             | 2041-11-19      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| KENBOURNE INVEST SA                           | Kenbourne Invest SA                                                              | CUSIP: 48855KAA8<br>LEI: 222100QGH6Y9KFYZ4B27 | Long             | DBT              | CORP              | LU        |    234000 | PA      | $221027.63    | 0.25%             | 2024-11-26      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                               | Gen Digital Inc                                                                  | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |     48000 | PA      | $47040.00     | 0.05%             | 2027-09-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                  | Calpine Corp                                                                     | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    578000 | PA      | $515745.24    | 0.59%             | 2028-03-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| UBS AG                                        | PURCHASED USD / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |         1 | NC      | $-11282.11    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| EQUINIX INC                                   | Equinix Inc                                                                      | CUSIP: 29444UBM7<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |     85000 | PA      | $52944.10     | 0.06%             | 2051-09-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                      | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175BY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      9000 | PA      | $5205.24      | 0.01%             | 2061-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| VEOLIA ENVIRONNEMENT SA                       | Veolia Environnement SA                                                          | CUSIP: 000000000<br>LEI: 969500LENY69X51OOT31 | Long             | DBT              | CORP              | FR        |    300000 | PA      | $255257.25    | 0.29%             | 2029-01-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                   | SWP: OIS 1.560000 07-MAR-2027                                                    | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |   2933159 | OU      | $-267839.24   | -0.31%            |  |  |  | No            |                  2 | On Loan: No      |
| Equate Petrochemical BV                       | Equate Petrochemical BV                                                          | CUSIP: 000000000<br>LEI: 635400Y3Z5R4NJSMQ630 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $190850.00    | 0.22%             | 2026-11-03      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO1, LTD       | GoldentTree Loan Management US CLO 1 Ltd                                         | CUSIP: 38138RAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $209886.68    | 0.24%             | 2034-10-20      | Floating      | 9.59%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                            | Ukraine Government International Bond                                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    200000 | PA      | $43912.50     | 0.05%             | 2026-02-01      | Fixed         | 8.99%                 | No            |                  2 | On Loan: No      |
| YANGO JUSTICE INTL                            | Yango Justice International Ltd                                                  | CUSIP: 000000000<br>LEI: 3003007ELD2HAYCXPT77 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $3000.00      | 0.00%             | 2023-11-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GARFUNKELUX HOLDCO 3 SA                       | Garfunkelux Holdco 3 SA                                                          | CUSIP: 000000000<br>LEI: 2221007QVSNJV7EWBX69 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $93932.04     | 0.11%             | 2025-11-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Connect Finco Sarl                            | Connect Finco Sarl 2021 Term Loan B                                              | CUSIP: 000000000<br>LEI: 2594001KNYIQ456J2792 | Long             | LON              | CORP              | LU        |    349852 | PA      | $345332.39    | 0.40%             | 2026-12-11      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| MODERN LAND CHINA CO LTD                      | Modern Land China Co Ltd                                                         | CUSIP: 000000000<br>LEI: 549300PDOU6AR9Z9IN08 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $10632.14     | 0.01%             | 2022-11-13      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP SUNOCO LP 4                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -119325 | PA      | $-119325.00   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                      | Lloyds Banking Group PLC                                                         | CUSIP: 539439AG4<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $193840.00    | 0.22%             | 2024-06-27      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Cold Storage Trust                            | Cold Storage Trust 2020-ICE5                                                     | CUSIP: 193051AS8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    126806 | PA      | $120829.78    | 0.14%             | 2037-11-15      | Floating      | 7.81%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                  | CSMC 2021-JR1 Trust                                                              | CUSIP: 12657XAP3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    725850 | PA      | $261306.06    | 0.30%             | 2060-07-26      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| Caesars Entertainment Inc                     | Caesars Entertainment Inc                                                        | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |      1350 | NS      | $56160.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                   | SWP: OIS 4.180000 21-JUN-2024                                                    | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |   2108100 | OU      | $20324.32     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Freedom Mortgage Corp                         | Freedom Mortgage Corp                                                            | CUSIP: 35640YAB3<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    144000 | PA      | $129524.68    | 0.15%             | 2025-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                        | Marriott International Inc/MD                                                    | CUSIP: 571903BF9<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    232000 | PA      | $192992.33    | 0.22%             | 2032-10-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                          | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAA0<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    270000 | PA      | $259232.74    | 0.30%             | 2027-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                        | US ULTRA BOND CBT MAR23                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        10 | NC      | $-112978.27   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| MGM RESORTS INTL                              | MGM Resorts International                                                        | CUSIP: 552953CE9<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |     12000 | PA      | $11662.51     | 0.01%             | 2025-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TICP CLO LTD                                  | TICP CLO XII Ltd                                                                 | CUSIP: 87250GAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $217889.23    | 0.25%             | 2034-07-15      | Floating      | 10.33%                | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                              | Crown Castle Inc                                                                 | CUSIP: 22822VAX9<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |     85000 | PA      | $58230.17     | 0.07%             | 2041-04-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| SoftBank Group Corp                           | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |    100000 | PA      | $100087.03    | 0.12%             | 2025-07-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                           | Medline Borrower LP                                                              | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    419000 | PA      | $337697.24    | 0.39%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                              | Vmed O2 UK Financing I PLC                                                       | CUSIP: 000000000<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $84833.12     | 0.10%             | 2031-01-31      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CDI ESCROW ISSUER INC                         | CDI Escrow Issuer Inc                                                            | CUSIP: 12511VAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3000 | PA      | $2689.29      | 0.00%             | 2030-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Republic of Panama                            | Panama Government International Bond                                             | CUSIP: 698299BH6<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    200000 | PA      | $150850.00    | 0.17%             | 2050-04-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LA FINAC ATALIAN SA                           | La Financiere Atalian SASU                                                       | CUSIP: 000000000<br>LEI: 969500ICOLJMB33J0L87 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $80505.92     | 0.09%             | 2025-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP TRAVEL + LE                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |    -72788 | PA      | $-72787.50    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| HCA Inc                                       | HCA Inc                                                                          | CUSIP: 404121AH8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     17000 | PA      | $16810.91     | 0.02%             | 2026-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                           | Petroleos Mexicanos                                                              | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    279000 | PA      | $253541.25    | 0.29%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                           | Petroleos Mexicanos                                                              | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    245000 | PA      | $192018.75    | 0.22%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                      | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                           | CUSIP: 000000000<br>LEI: 549300SO59UL53O4D221 | Long             | DBT              | CORP              | XX        |    100000 | PA      | $82976.01     | 0.10%             | 2027-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                | TRSWAP: HYG US EQUITY                                                            | CUSIP: 000000000<br>LEI: QHSFEYI7HUOXXZ413E03 | N/A              | DE               |  | US        |   1884528 | OU      | $-28271.56    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Gulf Stream Meridian 1 Ltd.                   | Gulf Stream Meridian 1 Ltd                                                       | CUSIP: 402564AA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $216739.70    | 0.25%             | 2033-04-15      | Floating      | 10.53%                | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                  | ARES LI CLO Ltd                                                                  | CUSIP: 04019MAE2<br>LEI: 5493003FNA8PT0CMDE92 | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $265243.26    | 0.30%             | 2034-07-15      | Floating      | 10.93%                | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                      | iHeartCommunications Inc                                                         | CUSIP: 45174HBE6<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |     13000 | PA      | $11012.08     | 0.01%             | 2027-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                      | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    306000 | PA      | $265149.00    | 0.30%             | 2027-08-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP                           | Buckeye Partners LP                                                              | CUSIP: 118230AQ4<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8947.00      | 0.01%             | 2026-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| California Resources Corp                     | California Resources Corp                                                        | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |      7618 | NS      | $331459.18    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                        | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAT4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     32000 | PA      | $27990.40     | 0.03%             | 2029-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                          | RRP PARAGUAY RE                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -200250 | PA      | $-200250.00   | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                        | US 10YR ULTRA FUT MAR23                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -95 | NC      | $137402.77    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ADANI ELECTRICITY MUMBAI                      | Adani Electricity Mumbai Ltd                                                     | CUSIP: 00654GAA1<br>LEI: 335800AIC1B5EBFVUC38 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $150912.50    | 0.17%             | 2030-02-12      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust         | Wells Fargo Commercial Mortgage Trust 2020-SDAL                                  | CUSIP: 95002GAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     50000 | PA      | $46380.45     | 0.05%             | 2037-02-15      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                       | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    177000 | PA      | $156347.92    | 0.18%             | 2029-03-11      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 49, Ltd.          | Octagon Investment Partners 49 Ltd                                               | CUSIP: 67578DAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $457575.70    | 0.53%             | 2033-01-15      | Floating      | 10.83%                | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                        | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAD7<br>LEI: N/A                  | Long             | DBT              |  | US        |     13000 | PA      | $11800.69     | 0.01%             | 2027-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                   | Oracle Corp                                                                      | CUSIP: 68389XBX2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    179000 | PA      | $120514.73    | 0.14%             | 2050-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| VALLOUREC SA                                  | Vallourec SA                                                                     | CUSIP: 000000000<br>LEI: 969500P2Q1B47H4MCJ34 | Long             | DBT              | CORP              | FR        |     17000 | PA      | $17840.57     | 0.02%             | 2026-06-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ARABIAN CENTRES SUKUK II                      | Arabian Centres Sukuk II Ltd                                                     | CUSIP: 03847QAA1<br>LEI: 549300X92PKHJD8UYG94 | Long             | DBT              | CORP              | KY        |    270000 | PA      | $244485.00    | 0.28%             | 2026-10-07      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                         | Tenet Healthcare Corp                                                            | CUSIP: 88033GCY4<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    654000 | PA      | $618450.35    | 0.71%             | 2026-01-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CORP FINANCIERA DE DESAR                      | Corp Financiera de Desarrollo SA                                                 | CUSIP: 000000000<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | NUSS              | PE        |    200000 | PA      | $192975.00    | 0.22%             | 2025-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ZF FINANCE GMBH                               | ZF Finance GmbH                                                                  | CUSIP: 000000000<br>LEI: 5493001N9T6QDCCXB426 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $89732.14     | 0.10%             | 2028-09-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                         | Tenet Healthcare Corp                                                            | CUSIP: 88033GDG2<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     23000 | PA      | $20579.04     | 0.02%             | 2028-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                              | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |         1 | NC      | $2719.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC        | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $23001.79     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| APTIV PLC                                     | Aptiv PLC                                                                        | CUSIP: 03835VAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    109000 | PA      | $64417.56     | 0.07%             | 2051-12-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA SPA                            | Telecom Italia SpA/Milano                                                        | CUSIP: 000000000<br>LEI: 549300W384M3RI3VXU42 | Long             | DBT              | CORP              | IT        |     50000 | PA      | $59906.50     | 0.07%             | 2023-05-19      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                         | RRP TRANSOCEAN                                                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -270100 | PA      | $-270100.00   | -0.31%            |  |  |  | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                        | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAF2<br>LEI: N/A                  | Long             | DBT              |  | US        |    450000 | PA      | $445617.00    | 0.51%             | 2024-05-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| OCEANA AUSTRALIAN FIXINC TRUST                | OCEANA AUSTRALIAN FIXINC TRUST                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |    966000 | PA      | $657701.23    | 0.76%             | 2023-08-31      | Fixed         | 10.00%                | No            |                  3 | On Loan: No      |
| BX Trust                                      | BX 2021-MFM1                                                                     | CUSIP: 05608VAQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $91111.09     | 0.10%             | 2034-01-15      | Floating      | 8.22%                 | No            |                  2 | On Loan: No      |
| SOLVAY SA                                     | Solvay SA                                                                        | CUSIP: 000000000<br>LEI: 549300MMVL80RTBP3O28 | Long             | DBT              | CORP              | BE        |    300000 | PA      | $282897.32    | 0.33%             | 2025-12-02      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                | Lowe's Cos Inc                                                                   | CUSIP: 548661DZ7<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    169000 | PA      | $107507.52    | 0.12%             | 2050-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                      | Service Properties Trust                                                         | CUSIP: 81761LAA0<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |     33000 | PA      | $31446.54     | 0.04%             | 2025-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SUZANO AUSTRIA GMBH                           | Suzano Austria GmbH                                                              | CUSIP: 86964WAK8<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |    150000 | PA      | $116812.50    | 0.13%             | 2032-01-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                                | CarVal CLO II Ltd                                                                | CUSIP: 14686AAW9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1880127.60   | 2.16%             | 2032-04-20      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                  | Comcast Corp                                                                     | CUSIP: 20030NDP3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |      9000 | PA      | $5243.58      | 0.01%             | 2052-08-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Cedar Funding Ltd                             | Cedar Funding XIV CLO Ltd                                                        | CUSIP: 15034AAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $464621.15    | 0.53%             | 2033-07-15      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                  | Calpine Corp                                                                     | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    652000 | PA      | $581569.79    | 0.67%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Churchill Downs Inc                           | Churchill Downs Inc                                                              | CUSIP: 171484AE8<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |      9000 | PA      | $8053.83      | 0.01%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| THYSSENKRUPP AG                               | thyssenkrupp AG                                                                  | CUSIP: 000000000<br>LEI: 549300UDG16DOYUPR330 | Long             | DBT              | CORP              | DE        |     43000 | PA      | $45799.18     | 0.05%             | 2023-03-06      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Cedar Funding Ltd                             | Cedar Funding XIV CLO Ltd                                                        | CUSIP: 15033GAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    375000 | PA      | $339520.09    | 0.39%             | 2033-07-15      | Floating      | 10.42%                | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                         | RRP MOZART DEBT                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -323154 | PA      | $-323153.75   | -0.37%            |  |  |  | No            |                  2 | On Loan: No      |
| BELLIS ACQUISITION CO PL                      | Bellis Acquisition Co PLC                                                        | CUSIP: 000000000<br>LEI: 259400CYE2267UB4A481 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $98166.75     | 0.11%             | 2026-02-16      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                       | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAJ3<br>LEI: N/A                  | Long             | DBT              |  | US        |     16000 | PA      | $12201.35     | 0.01%             | 2029-08-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                                 | TransDigm Inc                                                                    | CUSIP: 893647BE6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    870000 | PA      | $857985.30    | 0.99%             | 2026-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc                             | Newell Brands Inc                                                                | CUSIP: 651229AW6<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     35000 | PA      | $32927.83     | 0.04%             | 2026-04-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA RESOURCES CRP                      | California Resources Corp                                                        | CUSIP: 13057QAH0<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |    142000 | PA      | $136467.68    | 0.16%             | 2026-02-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                      | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     72000 | PA      | $61715.69     | 0.07%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| IRB HOLDING CORP                              | IRB Holding Corp                                                                 | CUSIP: 44988MAC9<br>LEI: 549300HVW4WNWYBXN830 | Long             | DBT              | CORP              | US        |     72000 | PA      | $71820.00     | 0.08%             | 2025-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| OIL & GAS HOLDING                             | Oil and Gas Holding Co BSCC/The                                                  | CUSIP: 000000000<br>LEI: 549300OBH16L6TS6IW50 | Long             | DBT              | CORP              | BH        |    200000 | PA      | $203287.50    | 0.23%             | 2024-11-07      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                         | RRP FORD MOTOR                                                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -549986 | PA      | $-549986.25   | -0.63%            |  |  |  | No            |                  2 | On Loan: No      |
| Cornerstone Building Brands, Inc.             | Cornerstone Building Brands, Inc. 2021 Term Loan B                               | CUSIP: 72431HAD2<br>LEI: 549300IW41QEWQ6T0H29 | Long             | LON              | CORP              | US        |    610479 | PA      | $545725.13    | 0.63%             | 2028-04-12      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH CO/INBEV                       | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc                      | CUSIP: 03522AAH3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     63000 | PA      | $59499.90     | 0.07%             | 2036-02-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                   | BNP Paribas SA                                                                   | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $154520.09    | 0.18%             | 2031-02-25      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ECL Entertainment, LLC                        | ECL Entertainment, LLC Term Loan                                                 | CUSIP: 26826TAB9<br>LEI: 254900UPSGHOBB360Z85 | Long             | LON              | CORP              | US        |    108350 | PA      | $107989.19    | 0.12%             | 2028-05-01      | Floating      | 11.88%                | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC        | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | BR        |         1 | NC      | $1972.36      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                   | RRP ORACLE CORP                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -131341 | PA      | $-131341.25   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| iHeartCommunications Inc                      | iHeartCommunications Inc                                                         | CUSIP: 45174HBC0<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |     13910 | PA      | $12797.20     | 0.01%             | 2026-05-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                          | TRSWAP: HYG US EQUITY                                                            | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DE               |  | US        |    119296 | OU      | $-1681.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Interface Security Systems, LLC               | Interface Security Systems, LLC Term Loan                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    470480 | PA      | $456977.61    | 0.53%             | 2023-08-07      | Floating      | 8.75%                 | No            |                  3 | On Loan: No      |
| MOODY'S CORPORATION                           | Moody's Corp                                                                     | CUSIP: 615369AX3<br>LEI: 549300GCEDD8YCF5WU84 | Long             | DBT              | CORP              | US        |      7000 | PA      | $4405.55      | 0.01%             | 2061-11-29      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                   | PUERTO RICO CMWLTH                                                               | CUSIP: 74514L4G9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    216849 | PA      | $71560.19     | 0.08%             | 2051-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                      | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AF2<br>LEI: N/A                  | Long             | DBT              |  | US        |     12000 | PA      | $10860.13     | 0.01%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GETLINK SE                                    | Getlink SE                                                                       | CUSIP: 000000000<br>LEI: 9695007ZEQ7M0OE74G82 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $103833.60    | 0.12%             | 2025-10-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                      | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     13000 | PA      | $11629.09     | 0.01%             | 2028-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Cedar Funding Ltd                             | Cedar Funding XIV CLO Ltd                                                        | CUSIP: 15033GAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $134725.00    | 0.15%             | 2033-07-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                      | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    213000 | PA      | $182568.69    | 0.21%             | 2029-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP CALPINE COR                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -478405 | PA      | $-478405.00   | -0.55%            |  |  |  | No            |                  2 | On Loan: No      |
| Generate CLO Ltd.                             | Generate CLO 3 Ltd                                                               | CUSIP: 98625UBA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $457057.45    | 0.53%             | 2029-10-20      | Floating      | 7.84%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                   | RRP MARRIOTT IN                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -182410 | PA      | $-182410.00   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                            | Ukraine Government International Bond                                            | CUSIP: 903724BY7<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    400000 | PA      | $74575.00     | 0.09%             | 2035-03-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ILIAD SA                                      | iliad SA                                                                         | CUSIP: 000000000<br>LEI: 969500FZ9BTRZS3JNB97 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $106188.59    | 0.12%             | 2027-06-14      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| United Mexican States                         | Mexico Government International Bond                                             | CUSIP: 91087BAB6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $149725.00    | 0.17%             | 2047-01-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                  | CSMC 2021-BHAR                                                                   | CUSIP: 12659VAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $237705.65    | 0.27%             | 2038-11-15      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                        | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAC7<br>LEI: N/A                  | Long             | DBT              |  | US        |     37000 | PA      | $31320.50     | 0.04%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR MIDCO GMBH                        | TK Elevator Midco GmbH                                                           | CUSIP: 000000000<br>LEI: 254900K869UN2ZWVB351 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $103298.38    | 0.12%             | 2027-07-15      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                       | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141EC31<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     85000 | PA      | $75150.12     | 0.09%             | 2044-07-08      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                | Cascade Funding Mortgage Trust 2019-RM3                                          | CUSIP: 147271AC4<br>LEI: 549300HU3WTU5KNK1B36 | Long             | ABS-MBS          | CORP              | US        |   1057654 | PA      | $926598.96    | 1.07%             | 2069-06-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| XHR LP                                        | XHR LP                                                                           | CUSIP: 98372MAA3<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              |  | US        |     68000 | PA      | $65379.46     | 0.08%             | 2025-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NGPL PipeCo LLC                               | NGPL PipeCo LLC                                                                  | CUSIP: 62912XAC8<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |    178000 | PA      | $185211.99    | 0.21%             | 2037-12-15      | Fixed         | 7.77%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                       | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAG9<br>LEI: N/A                  | Long             | DBT              |  | US        |      9000 | PA      | $8196.75      | 0.01%             | 2026-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ashford Hospitality Trust                     | Ashford Hospitality Trust 2018-ASHF                                              | CUSIP: 04410RAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    125000 | PA      | $114265.58    | 0.13%             | 2035-04-15      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                        | Verizon Communications Inc                                                       | CUSIP: 92343VFW9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    124000 | PA      | $75652.42     | 0.09%             | 2056-10-30      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                        | US 10YR NOTE (CBT)MAR23                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        67 | NC      | $-40187.24    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| IHO Verwaltungs GmbH                          | IHO Verwaltungs GmbH                                                             | CUSIP: 000000000<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $92781.21     | 0.11%             | 2026-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                          | FREMF 2017-KGS1 Mortgage Trust                                                   | CUSIP: 30305QAG6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    130000 | PA      | $115262.86    | 0.13%             | 2027-10-25      | Variable      | 3.59%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON AND CO                       | Becton Dickinson and Co                                                          | CUSIP: 075887CK3<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |     38000 | PA      | $29160.67     | 0.03%             | 2050-05-20      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                              | Lamar Media Corp                                                                 | CUSIP: 513075BR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $8951.06      | 0.01%             | 2028-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                          | RRP SUZANO AUST                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -107625 | PA      | $-107625.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| DEMIRE REAL ESTATE AG                         | DEMIRE Deutsche Mittelstand Real Estate AG                                       | CUSIP: 000000000<br>LEI: 391200FHEFGXUKL2BO93 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $72747.75     | 0.08%             | 2024-10-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                          | RRP ARABIAN CEN                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -230512 | PA      | $-230512.50   | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                  | CSMC 2021-JR1 Trust                                                              | CUSIP: 12657XAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    506884 | PA      | $446024.74    | 0.51%             | 2066-09-27      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| UNITED GROUP BV                               | United Group BV                                                                  | CUSIP: 000000000<br>LEI: 213800PC85O8BJ7DU398 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $92058.66     | 0.11%             | 2029-02-01      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                            | Morocco Government International Bond                                            | CUSIP: 617726AK0<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    202000 | PA      | $174957.25    | 0.20%             | 2027-12-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                   | RRP ALPEK SAB D                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -157392 | PA      | $-157392.17   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| MERCK & CO INC                                | Merck & Co Inc                                                                   | CUSIP: 58933YBF1<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    203000 | PA      | $135632.22    | 0.16%             | 2051-12-10      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ANGLOGOLD HOLDINGS PLC                        | AngloGold Ashanti Holdings PLC                                                   | CUSIP: 03512TAE1<br>LEI: 213800745ZIXC4L6A131 | Long             | DBT              | CORP              | IM        |    200000 | PA      | $173537.50    | 0.20%             | 2030-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Transocean Guardian Ltd                       | Transocean Guardian Ltd                                                          | CUSIP: 893800AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     52651 | PA      | $51413.99     | 0.06%             | 2024-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP VICI PROPER                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -356062 | PA      | $-356062.50   | -0.41%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP FIVE POINT                                                                   | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -320479 | PA      | $-320478.75   | -0.37%            |  |  |  | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust | J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-NLP                  | CUSIP: 466317AQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     99537 | PA      | $80232.49     | 0.09%             | 2037-04-15      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                        | BP Capital Markets PLC                                                           | CUSIP: 000000000<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |    205000 | PA      | $188161.55    | 0.22%             | 2029-03-22      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP SASOL FINAN                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -209510 | PA      | $-209510.00   | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.               | SWAP/CDSWAP/ICE: (CDX.NA.HY.34.V9)                                               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   5278000 | OU      | $138142.84    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                      | Neuberger Berman Loan Advisers CLO 37 Ltd                                        | CUSIP: 64133HAL2<br>LEI: 5493006JG853WBZS5J73 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $227129.25    | 0.26%             | 2031-07-20      | Floating      | 9.99%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                      | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-4816.84     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| FORESTAR GROUP INC                            | Forestar Group Inc                                                               | CUSIP: 346232AF8<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |    244000 | PA      | $213912.48    | 0.25%             | 2026-05-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| GOLDSTORY SAS                                 | Goldstory SASU                                                                   | CUSIP: 000000000<br>LEI: 969500NWR67ONUJD4A26 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $97696.71     | 0.11%             | 2026-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                       | Hungary Government International Bond                                            | CUSIP: 445545AL0<br>LEI: 5299008DH62LEB10JK83 | Long             | DBT              | NUSS              | HU        |    142000 | PA      | $141671.63    | 0.16%             | 2024-03-25      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                   | SWAP/CDSWAP/CDS: (CMBX.NA.15.BBB-)                                               | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              |  | US        |   1022700 | OU      | $-195245.21   | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| OCI NV                                        | OCI NV                                                                           | CUSIP: 000000000<br>LEI: 549300NCMRGIBJYUOE57 | Long             | DBT              | CORP              | NL        |     90000 | PA      | $95246.99     | 0.11%             | 2025-10-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| UBS AG                                        | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | XX        |         1 | NC      | $32662.96     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                          | SWAP/CDSWAP/SCDS: (CMACG)                                                        | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              |  | XX        |      1871 | OU      | $71.31        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                      | Service Properties Trust                                                         | CUSIP: 44106MAZ5<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |     10000 | PA      | $9090.72      | 0.01%             | 2024-10-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                            | Dominican Republic International Bond                                            | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    128000 | PA      | $124904.00    | 0.14%             | 2027-01-25      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                           | American Tower Corp                                                              | CUSIP: 03027XBD1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |     89000 | PA      | $56002.42     | 0.06%             | 2050-06-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| TEGNA INC                                     | TEGNA Inc                                                                        | CUSIP: 87901JAH8<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |     19000 | PA      | $18027.20     | 0.02%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                   | Ivory Coast Government International Bond                                        | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    400000 | PA      | $387000.00    | 0.44%             | 2028-03-03      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Whitebox CLO III Ltd                          | Whitebox CLO III Ltd                                                             | CUSIP: 96467JAA0<br>LEI: 549300JXCQSPB1A61C68 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $227048.38    | 0.26%             | 2034-10-15      | Floating      | 10.93%                | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                        | Millicom International Cellular SA                                               | CUSIP: 000000000<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |    242100 | PA      | $224668.80    | 0.26%             | 2028-01-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| COVANTA HOLDING CORP                          | Covanta Holding Corp                                                             | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |      9000 | PA      | $7373.43      | 0.01%             | 2029-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                         | Caesars Entertainment Inc                                                        | CUSIP: 28470RAH5<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    228000 | PA      | $221542.01    | 0.25%             | 2025-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ASG FINANCE DESIGNATED                        | ASG Finance Designated Activity Co                                               | CUSIP: 00217AAA4<br>LEI: 5493005UOB0OMEJ4WK10 | Long             | DBT              | CORP              | IE        |    214000 | PA      | $206510.00    | 0.24%             | 2024-12-03      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                        | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     17000 | PA      | $15171.82     | 0.02%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALPEK SA DE CV                                | Alpek SAB de CV                                                                  | CUSIP: 020564AE0<br>LEI: 549300PWKJTP62D4IQ66 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $166162.50    | 0.19%             | 2031-02-25      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MC BRAZIL DWNSTRM                             | MC Brazil Downstream Trading SARL                                                | CUSIP: 55292WAA8<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $164125.00    | 0.19%             | 2031-06-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SASOL Financing USA LLC                       | Sasol Financing USA LLC                                                          | CUSIP: 80386WAB1<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    287000 | PA      | $259340.38    | 0.30%             | 2028-09-27      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                   | OCP CLO 2014-7 Ltd                                                               | CUSIP: 67107KBD7<br>LEI: 254900NUK1R46EK6YF62 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $481783.60    | 0.55%             | 2029-07-20      | Floating      | 6.49%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP CVS HEALTH                                                                   | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |    -74481 | PA      | $-74481.25    | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP CENTENNIAL                                                                   | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -633840 | PA      | $-633840.00   | -0.73%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP VISTRA OPER                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -255106 | PA      | $-255106.25   | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| CVS Health Corp                               | CVS Health Corp                                                                  | CUSIP: 126650CZ1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     85000 | PA      | $76291.32     | 0.09%             | 2048-03-25      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                      | Targa Resources Partners LP / Targa Resources Partners Finance Corp              | CUSIP: 87612BBG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     13000 | PA      | $12401.46     | 0.01%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                         | RRP TAYLOR MORR                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -824885 | PA      | $-824885.00   | -0.95%            |  |  |  | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                   | OCP CLO 2013-4 Ltd                                                               | CUSIP: 67105HBE4<br>LEI: 254900OVGEI8FTD7PT85 | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $285873.21    | 0.33%             | 2029-04-24      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                | Mariner Finance Issuance Trust 2020-A                                            | CUSIP: 56848MAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $171581.64    | 0.20%             | 2034-08-21      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                        | Oman Government International Bond                                               | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    306000 | PA      | $277695.00    | 0.32%             | 2047-03-08      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ARGENTUM (ZURICH INS)                         | Argentum Netherlands BV for Zurich Insurance Co Ltd                              | CUSIP: 000000000<br>LEI: 50ZCTKCMUDIABGHX3R52 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $100877.45    | 0.12%             | 2046-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Saxon Asset Securities Trust                  | Saxon Asset Securities Trust 2007-1                                              | CUSIP: 80556BAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2766814 | PA      | $2405742.53   | 2.77%             | 2047-01-25      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| TRI POINTE HOMES INC                          | Tri Pointe Homes Inc                                                             | CUSIP: 87265HAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     18000 | PA      | $16305.24     | 0.02%             | 2028-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                                 | TransDigm Inc                                                                    | CUSIP: 893647BB2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    142000 | PA      | $138159.58    | 0.16%             | 2026-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ALLIANZ SE                                    | Allianz SE                                                                       | CUSIP: 000000000<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $148652.05    | 0.17%             | 2027-10-30      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Kingdom of Bahrain                            | Bahrain Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    200000 | PA      | $198162.50    | 0.23%             | 2029-09-20      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                            | Dominican Republic International Bond                                            | CUSIP: 25714PEP9<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    175000 | PA      | $160267.19    | 0.18%             | 2029-02-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                         | Tenet Healthcare Corp                                                            | CUSIP: 88033GDN7<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     44000 | PA      | $38084.86     | 0.04%             | 2030-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CPUK FINANCE LTD                              | CPUK Finance Ltd                                                                 | CUSIP: 000000000<br>LEI: 6354003CVDDPNXREIR29 | Long             | DBT              | CORP              | JE        |    100000 | PA      | $110691.47    | 0.13%             | 2026-08-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                        | Mosaic Solar Loan Trust 2018-2-GS                                                | CUSIP: 61946LAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    228017 | PA      | $191534.67    | 0.22%             | 2044-02-22      | Fixed         | 5.97%                 | No            |                  3 | On Loan: No      |
| HOWARD HUGHES CORP                            | Howard Hughes Corp/The                                                           | CUSIP: 44267DAD9<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    451000 | PA      | $406229.23    | 0.47%             | 2028-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                              | T-Mobile USA Inc                                                                 | CUSIP: 87264ABN4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    165000 | PA      | $110111.52    | 0.13%             | 2051-02-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                   | SWP: OIS 3.500000 28-MAY-2031                                                    | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     76400 | OU      | $3126.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP SEAWORLD PA                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -253812 | PA      | $-253812.50   | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                        | Marriott International Inc/MD                                                    | CUSIP: 571903BE2<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46655.70     | 0.05%             | 2030-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                  | Broadcom Inc                                                                     | CUSIP: 11135FBG5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    165000 | PA      | $113912.51    | 0.13%             | 2051-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                         | Level 3 Financing Inc                                                            | CUSIP: 527298BN2<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     25000 | PA      | $20812.50     | 0.02%             | 2027-09-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                      | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-872.26      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Churchill Downs Inc                           | Churchill Downs Inc                                                              | CUSIP: 171484AG3<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9475.55      | 0.01%             | 2027-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP HOSPITALITY                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -307835 | PA      | $-307835.00   | -0.35%            |  |  |  | No            |                  2 | On Loan: No      |
| TOTALENERGIES SE                              | TotalEnergies SE                                                                 | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $86784.55     | 0.10%             | 2027-10-25      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| SRS DISTRIBUTION INC                          | SRS Distribution Inc                                                             | CUSIP: 78471RAB2<br>LEI: 549300ZQ3XP75BCYM468 | Long             | DBT              | CORP              | US        |     11000 | PA      | $9751.17      | 0.01%             | 2028-07-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD                            | Leviathan Bond Ltd                                                               | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |    108310 | PA      | $107551.83    | 0.12%             | 2023-06-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                            | Panama Government International Bond                                             | CUSIP: 698299BK9<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    200000 | PA      | $171725.00    | 0.20%             | 2030-01-23      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                   | RRP PANAMA REPU                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -142750 | PA      | $-142750.00   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                       | Dell International LLC / EMC Corp                                                | CUSIP: 24703TAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     21000 | PA      | $23924.50     | 0.03%             | 2046-07-15      | Fixed         | 8.35%                 | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESOR                      | Marriott Ownership Resorts Inc                                                   | CUSIP: 57164PAG1<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |    133000 | PA      | $137073.79    | 0.16%             | 2025-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                | NRG Energy Inc                                                                   | CUSIP: 629377CE0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     14000 | PA      | $13141.38     | 0.02%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BRASKEM IDESA SAPI                            | Braskem Idesa SAPI                                                               | CUSIP: 10554NAB4<br>LEI: YH0V7ZHY352ITDGEYB83 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $142500.00    | 0.16%             | 2032-02-20      | Fixed         | 6.99%                 | No            |                  2 | On Loan: No      |
| SM Energy Co                                  | SM Energy Co                                                                     | CUSIP: 78454LAN0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    139000 | PA      | $134948.15    | 0.16%             | 2026-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SURA ASSET MANAGEMENT                         | SURA Asset Management SA                                                         | CUSIP: 000000000<br>LEI: 549300013ETMS1C0EA22 | Long             | DBT              | CORP              | CO        |    171000 | PA      | $169717.50    | 0.20%             | 2024-04-17      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                       | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    187000 | PA      | $154359.22    | 0.18%             | 2030-02-08      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                   | Chemours Co/The                                                                  | CUSIP: 000000000<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95553.67     | 0.11%             | 2026-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                   | RRP BROADCOM IN                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -111788 | PA      | $-111787.50   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| PDC Energy Inc                                | PDC Energy Inc                                                                   | CUSIP: 69327RAJ0<br>LEI: 5493008W8H2T511J5Y59 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9545.70      | 0.01%             | 2026-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2019-XL          | BX Commercial Mortgage Trust 2019-XL                                             | CUSIP: 056054AL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    595000 | PA      | $565582.43    | 0.65%             | 2036-10-15      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRIES INC                       | Standard Industries Inc/NJ                                                       | CUSIP: 853496AD9<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |     35000 | PA      | $31496.15     | 0.04%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                        | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAZ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    172000 | PA      | $149304.60    | 0.17%             | 2030-04-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                  | Ares LV CLO Ltd                                                                  | CUSIP: 04018BAU1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $690755.33    | 0.79%             | 2034-07-15      | Floating      | 7.23%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                          | RRP AMGEN INC 3                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |    -97400 | PA      | $-97400.00    | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| CEDAR FAIR/CAN/MAGNUM/MI                      | Cedar Fair LP / Canada's Wonderland Co / Magnum Management Corp / Millennium Op  | CUSIP: 150190AF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    102000 | PA      | $100889.90    | 0.12%             | 2025-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION AUTOMOTIVE                      | Constellation Automotive Financing PLC                                           | CUSIP: 000000000<br>LEI: 254900HVTSU7VICDRM89 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $78788.49     | 0.09%             | 2027-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Bausch Health Cos Inc                         | Bausch Health Cos Inc                                                            | CUSIP: 91911KAN2<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     30000 | PA      | $25485.50     | 0.03%             | 2025-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AFFINITY GAMING                               | Affinity Gaming                                                                  | CUSIP: 00842XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $127175.85    | 0.15%             | 2027-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                       | Talen Energy Supply LLC                                                          | CUSIP: 87422VAG3<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |    274000 | PA      | $280165.00    | 0.32%             | 2028-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                        | Rockford Tower CLO 2017-3 Ltd                                                    | CUSIP: 77341DAJ6<br>LEI: 549300V5ZF7112UGSH89 | Long             | ABS-CBDO         | CORP              | KY        |    430000 | PA      | $394052.34    | 0.45%             | 2030-10-20      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                        | US LONG BOND(CBT) MAR23                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         7 | NC      | $-7948.94     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Capital I Trust                | Morgan Stanley Capital I Trust 2018-MP                                           | CUSIP: 61691DAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    247000 | PA      | $174032.74    | 0.20%             | 2040-07-11      | Variable      | 4.28%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP NGPL PIPECO                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -170212 | PA      | $-170212.50   | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                              | Connecticut Avenue Securities Trust 2021-R01                                     | CUSIP: 20754RAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    137014 | PA      | $124064.37    | 0.14%             | 2041-10-25      | Floating      | 9.93%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                | Open Text Corp                                                                   | CUSIP: 683715AF3<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |     31000 | PA      | $31000.00     | 0.04%             | 2027-12-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| FANTASIA HOLDINGS GROUP                       | Fantasia Holdings Group Co Ltd                                                   | CUSIP: 000000000<br>LEI: 5493005JQNLB3I01JW62 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $15500.00     | 0.02%             | 2022-04-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                               | CVS Health Corp                                                                  | CUSIP: 126650DP2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    115000 | PA      | $79450.01     | 0.09%             | 2040-08-21      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                   | RRP GOLDMAN SAC                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |    -72781 | PA      | $-72781.25    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                | Home Depot Inc/The                                                               | CUSIP: 437076CK6<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    130000 | PA      | $84939.77     | 0.10%             | 2051-09-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP AMERICAN TO                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |    -49000 | PA      | $-49000.00    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| EMBRAER NETHERLANDS FINA                      | Embraer Netherlands Finance BV                                                   | CUSIP: 29082HAC6<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $249109.38    | 0.29%             | 2028-01-17      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                      | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AF8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     17000 | PA      | $15405.57     | 0.02%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CENTURION BIDCO SPA                           | Centurion Bidco SpA                                                              | CUSIP: 000000000<br>LEI: 815600440B4998FCA515 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $92094.05     | 0.11%             | 2026-09-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                              | Altice France SA/France                                                          | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $94222.03     | 0.11%             | 2025-02-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| AEROPUERTOS DOMINICANOS                       | Aeropuertos Dominicanos Siglo XXI SA                                             | CUSIP: 007866AC0<br>LEI: 254900KJA5MXNPYB4W32 | Long             | DBT              | CORP              | DO        |    200000 | PA      | $193750.00    | 0.22%             | 2029-03-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CEDAR FAIR LP                                 | Cedar Fair LP                                                                    | CUSIP: 150190AE6<br>LEI: 549300TUVLNQQ6BVKH61 | Long             | DBT              | CORP              | US        |      9000 | PA      | $8082.44      | 0.01%             | 2029-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                      | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    216000 | PA      | $190041.11    | 0.22%             | 2028-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                            | Ford Motor Co                                                                    | CUSIP: 345370DB3<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |     76000 | PA      | $70175.17     | 0.08%             | 2032-08-19      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP LOWES COMPA                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -100200 | PA      | $-100200.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                                   | Rad CLO 6 Ltd                                                                    | CUSIP: 48661KAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $228714.28    | 0.26%             | 2033-01-20      | Floating      | 11.77%                | No            |                  2 | On Loan: No      |
| Credito Real Sab DE CV Sofom ENR              | Credito Real Sab DE CV Sofom ENR Term Loan B                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | MX        |     42000 | PA      | $798.00       | 0.00%             | 2023-02-17      | Floating      | 6.73%                 | No            |                  3 | On Loan: No      |
| OI EUROPEAN GROUP BV                          | OI European Group BV                                                             | CUSIP: 000000000<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $102763.15    | 0.12%             | 2025-02-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| SCC POWER PLC                                 | SCC Power PLC                                                                    | CUSIP: 78397YAC6<br>LEI: 529900IYGYC6VSDSDF37 | Long             | DBT              | CORP              | GB        |    271042 | PA      | $8131.26      | 0.01%             | 2032-05-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP FORESTAR GR                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -210540 | PA      | $-210540.00   | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America N.A.                          | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $520.12       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                        | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAC9<br>LEI: N/A                  | Long             | DBT              |  | US        |     13000 | PA      | $12256.79     | 0.01%             | 2025-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| OP SERVICIOS MEGA                             | Operadora de Servicios Mega SA de CV Sofom ER                                    | CUSIP: 68373NAA3<br>LEI: 4469000001BP4DCM0P31 | Long             | DBT              | CORP              | MX        |    400000 | PA      | $197825.00    | 0.23%             | 2025-02-11      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                         | Tenet Healthcare Corp                                                            | CUSIP: 88033GDC1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    384000 | PA      | $372962.72    | 0.43%             | 2024-09-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY                       | Oncor Electric Delivery Co LLC                                                   | CUSIP: 68233JCD4<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    185000 | PA      | $120822.79    | 0.14%             | 2051-11-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Republic of Paraguay                          | Paraguay Government International Bond                                           | CUSIP: 699149AH3<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    300000 | PA      | $257587.50    | 0.30%             | 2050-03-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| WYNN LAS VEGAS LLC/CORP                       | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp                                 | CUSIP: 983130AX3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     19000 | PA      | $17146.95     | 0.02%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AMN HEALTHCARE INC                            | AMN Healthcare Inc                                                               | CUSIP: 00175PAB9<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |     99000 | PA      | $91284.93     | 0.10%             | 2027-10-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP LEVEL 3 FIN                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -230029 | PA      | $-230028.75   | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| STONEGATE PUB FIN                             | Stonegate Pub Co Financing 2019 PLC                                              | CUSIP: 000000000<br>LEI: 254900L5266ML3505282 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $109047.30    | 0.13%             | 2025-07-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP NORFOLK SOU                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -109156 | PA      | $-109156.25   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| Matador Resources Co                          | Matador Resources Co                                                             | CUSIP: 576485AE6<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |     18000 | PA      | $17306.26     | 0.02%             | 2026-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP TENET HEALT                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -296395 | PA      | $-296395.00   | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP EQUINIX INC                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |    -52062 | PA      | $-52062.50    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| IBERDROLA INTL BV                             | Iberdrola International BV                                                       | CUSIP: 000000000<br>LEI: 549300ZMLFJKWC63XN87 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $81441.08     | 0.09%             | 2029-08-09      | Fixed         | 1.83%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                  | Ecopetrol SA                                                                     | CUSIP: 279158AP4<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     40000 | PA      | $30500.00     | 0.04%             | 2031-11-02      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| PLAYTIKA HOLDING CORP                         | Playtika Holding Corp                                                            | CUSIP: 72815LAA5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | DBT              | CORP              | US        |    182000 | PA      | $142860.90    | 0.16%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                           | Buckeye Partners LP                                                              | CUSIP: 118230AT8<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |     87000 | PA      | $82859.17     | 0.10%             | 2025-03-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                              | MGM Resorts International                                                        | CUSIP: 552953CD1<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    152000 | PA      | $139342.00    | 0.16%             | 2026-09-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                         | Tenet Healthcare Corp                                                            | CUSIP: 88033GDA5<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     26000 | PA      | $24186.24     | 0.03%             | 2027-11-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC        | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | XX        |         1 | NC      | $824.33       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP LEVEL 3 FIN                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -280689 | PA      | $-280688.75   | -0.32%            |  |  |  | No            |                  2 | On Loan: No      |
| Signal Peak CLO, LLC                          | Signal Peak CLO 7 Ltd                                                            | CUSIP: 56844CAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1114381.13   | 1.28%             | 2032-04-30      | Floating      | 11.30%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                         | Guatemala Government Bond                                                        | CUSIP: 401494AS8<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    200000 | PA      | $194912.50    | 0.22%             | 2032-04-24      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                        | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAE5<br>LEI: N/A                  | Long             | DBT              |  | US        |     17000 | PA      | $14877.81     | 0.02%             | 2030-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Republic of Senegal                           | Senegal Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |    200000 | PA      | $164225.00    | 0.19%             | 2033-05-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                   | RRP PERU (REPUB                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -117725 | PA      | $-117725.00   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                  | UBS Group AG                                                                     | CUSIP: 902613AJ7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    220000 | PA      | $186450.00    | 0.21%             | 2027-02-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solut                        | Mauser Packaging Solutions Holding Co                                            | CUSIP: 12429TAD6<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    402000 | PA      | $390883.56    | 0.45%             | 2024-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EMPRESAS PUBLIC MEDELLIN                      | Empresas Publicas de Medellin ESP                                                | CUSIP: 29246BAE8<br>LEI: 549300SU25TO8EMXB434 | Long             | DBT              | CORP              | CO        |    253000 | PA      | $200391.81    | 0.23%             | 2029-07-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                      | British Telecommunications PLC                                                   | CUSIP: 11102AAF8<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $167315.90    | 0.19%             | 2081-11-23      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Diamond Sports Group, LLC                     | Diamond Sports Group, LLC Term Loan                                              | CUSIP: 25277BAB4<br>LEI: 5493002K6DHWNZH8YA34 | Long             | LON              | CORP              | US        |    599564 | PA      | $65952.07     | 0.08%             | 2026-08-24      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                      | Saudi Government International Bond                                              | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    200000 | PA      | $161537.50    | 0.19%             | 2033-02-02      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                   | Vistra Operations Co LLC                                                         | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    343000 | PA      | $318336.07    | 0.37%             | 2027-07-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                   | RRP VERIZON COM                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |    -48200 | PA      | $-48200.00    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                      | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 69867DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $127075.28    | 0.15%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                   | PUERTO RICO CMWLTH                                                               | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     19913 | PA      | $8716.41      | 0.01%             | 2043-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                        | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAA3<br>LEI: N/A                  | Long             | DBT              |  | US        |     22000 | PA      | $20524.32     | 0.02%             | 2026-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                        | Verizon Communications Inc                                                       | CUSIP: 92343VFU3<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     80000 | PA      | $50156.74     | 0.06%             | 2050-11-20      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Structured Asset Securities Corporation       | Structured Asset Securities Corp Mortgage Loan Trust Series 2006-RF3             | CUSIP: 863592AB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1901486 | PA      | $1046865.09   | 1.20%             | 2036-10-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP BOYD GAMING                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -245354 | PA      | $-245353.75   | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                      | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 74841CAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     56000 | PA      | $42743.42     | 0.05%             | 2031-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Talen Energy Supply LLC                       | Talen Energy Supply LLC                                                          | CUSIP: 87422VAF5<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |    501000 | PA      | $518535.00    | 0.60%             | 2027-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp                         | Tenet Healthcare Corp                                                            | CUSIP: 88033GCX6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     26000 | PA      | $24973.26     | 0.03%             | 2027-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CMA CGM SA                                    | CMA CGM SA                                                                       | CUSIP: 000000000<br>LEI: 969500BZJ49IICIBZZ08 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $110416.87    | 0.13%             | 2026-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MED Trust                                     | Med Trust 2021-MDLN                                                              | CUSIP: 58403YBA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     71000 | PA      | $64881.42     | 0.07%             | 2038-11-15      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| CENTURY COMMUNITIES                           | Century Communities Inc                                                          | CUSIP: 156504AL6<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |     44000 | PA      | $41980.58     | 0.05%             | 2027-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GSAA Home Equity Trust                        | GSAA Home Equity Trust 2005-14                                                   | CUSIP: 362341B32<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3370965 | PA      | $1476059.65   | 1.70%             | 2035-12-25      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| MAF SUKUK LTD                                 | MAF Sukuk Ltd                                                                    | CUSIP: 000000000<br>LEI: 549300IS9H0W5N2N4K34 | Long             | DBT              | CORP              | KY        |    267000 | PA      | $259040.06    | 0.30%             | 2029-05-14      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| LOXAM SAS                                     | Loxam SAS                                                                        | CUSIP: 000000000<br>LEI: 969500BNA2YRNE1R5K91 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $96203.44     | 0.11%             | 2026-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| KLABIN AUSTRIA GMBH                           | Klabin Austria GmbH                                                              | CUSIP: 49836AAC8<br>LEI: 984500578YEA8DD41B09 | Long             | DBT              | CORP              | AT        |    200000 | PA      | $161000.00    | 0.19%             | 2031-01-12      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| TRI POINTE HOMES INC                          | Tri Pointe Homes Inc                                                             | CUSIP: 87265HAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    705000 | PA      | $629374.65    | 0.72%             | 2027-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WYNN LAS VEGAS LLC/CORP                       | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp                                 | CUSIP: 983130AV7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $180375.73    | 0.21%             | 2025-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                     | Amgen Inc                                                                        | CUSIP: 031162DC1<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    160000 | PA      | $102117.76    | 0.12%             | 2052-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP CLEAR CHANN                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -219938 | PA      | $-219937.50   | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| NOVA Chemicals Corp                           | NOVA Chemicals Corp                                                              | CUSIP: 66977WAQ2<br>LEI: 5493007M1XGU5E55ZJ25 | Long             | DBT              | CORP              | CA        |    621000 | PA      | $600815.15    | 0.69%             | 2024-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HONO 2021-LULU Mortgage Trust                 | HONO 2021-LULU Mortgage Trust                                                    | CUSIP: 40390MAQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    125000 | PA      | $112673.14    | 0.13%             | 2036-10-15      | Floating      | 8.72%                 | No            |                  2 | On Loan: No      |
| Cemex SAB de CV                               | Cemex SAB de CV                                                                  | CUSIP: 000000000<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |    100000 | PA      | $102448.71    | 0.12%             | 2026-03-19      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| SEAWORLD PARKS & ENTERTA                      | SeaWorld Parks & Entertainment Inc                                               | CUSIP: 81282UAC6<br>LEI: 549300UZV72O3371JJ53 | Long             | DBT              | CORP              | US        |    310000 | PA      | $317362.50    | 0.36%             | 2025-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                           | Intesa Sanpaolo SpA                                                              | CUSIP: 000000000<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    250000 | PA      | $214887.38    | 0.25%             | 2031-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                     | Anchorage Capital CLO 7 Ltd                                                      | CUSIP: 03328TBG9<br>LEI: 54930014PVHLSZJQK139 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $224599.03    | 0.26%             | 2031-01-28      | Floating      | 7.87%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                  | AGL CLO 9 LTD                                                                    | CUSIP: 001208AA5<br>LEI: 549300U1G1VA46DEO184 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $228829.15    | 0.26%             | 2034-01-20      | Floating      | 11.50%                | No            |                  2 | On Loan: No      |
| RKPF OVERSEAS 2019 A LTD                      | RKPF Overseas 2019 A Ltd                                                         | CUSIP: 000000000<br>LEI: 254900P8BXRCW5458103 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $159100.00    | 0.18%             | 2025-09-04      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GILBERT PARK CLO LTD                          | Gilbert Park CLO Ltd                                                             | CUSIP: 375415AG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $700334.03    | 0.81%             | 2030-10-15      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| EIG PEARL HOLDINGS SARL                       | EIG Pearl Holdings Sarl                                                          | CUSIP: 28249NAA9<br>LEI: 549300KIMRL45BWA5H76 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $167725.00    | 0.19%             | 2036-08-31      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| KAR Auction Services Inc                      | KAR Auction Services Inc                                                         | CUSIP: 48238TAA7<br>LEI: 5493004HKD20LBSG7D03 | Long             | DBT              | CORP              | US        |     98000 | PA      | $95740.09     | 0.11%             | 2025-06-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SELECT MEDICAL CORP                           | Select Medical Corp                                                              | CUSIP: 816196AT6<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |    360000 | PA      | $342298.80    | 0.39%             | 2026-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESOR                      | Marriott Ownership Resorts Inc                                                   | CUSIP: 57164PAH9<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |    151000 | PA      | $125273.57    | 0.14%             | 2029-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SUN COUNTRY 2019 1C                           | SUN COUNTRY 2019 1C                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    181043 | PA      | $176299.74    | 0.20%             | 2023-12-15      | Fixed         | 7.00%                 | No            |                  3 | On Loan: No      |
| BARCLAYS CAPITAL INC                          | RRP GUATEMALA R                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -182250 | PA      | $-182250.00   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                      | Charles River Laboratories International Inc                                     | CUSIP: 159864AE7<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |      9000 | PA      | $8288.73      | 0.01%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| REKEEP SPA                                    | Rekeep SpA                                                                       | CUSIP: 000000000<br>LEI: 8156008737CA044FCB79 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $88978.76     | 0.10%             | 2026-02-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| JERROLD FINCO PLC                             | Jerrold Finco PLC                                                                | CUSIP: 000000000<br>LEI: 213800F7AYNHLL1BPR31 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $103909.26    | 0.12%             | 2026-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                   | Vistra Operations Co LLC                                                         | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     23000 | PA      | $21819.24     | 0.03%             | 2027-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                      | iHeartCommunications Inc                                                         | CUSIP: 45174HBG1<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |      9000 | PA      | $7329.06      | 0.01%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                        | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAJ4<br>LEI: N/A                  | Long             | DBT              |  | US        |     13000 | PA      | $12671.89     | 0.01%             | 2027-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Suzano Austria GmbH                           | Suzano Austria GmbH                                                              | CUSIP: 86964WAB8<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |    200000 | PA      | $199412.50    | 0.23%             | 2047-03-16      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP NEXSTAR ESC                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -234000 | PA      | $-234000.00   | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                           | Petroleos Mexicanos                                                              | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    205000 | PA      | $154980.00    | 0.18%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| OQ SAOC                                       | OQ SAOC                                                                          | CUSIP: 67624L2A5<br>LEI: 549300YK417GKI6EQ392 | Long             | DBT              | CORP              | OM        |    200000 | PA      | $188600.00    | 0.22%             | 2028-05-06      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                      | Electricite de France SA                                                         | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $154247.49    | 0.18%             | 2030-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| NEXSTAR BROADCASTING INC                      | Nexstar Media Inc                                                                | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    300000 | PA      | $275207.25    | 0.32%             | 2027-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SHERWOOD FINANCING PLC                        | Sherwood Financing PLC                                                           | CUSIP: 000000000<br>LEI: 259400SSZWSSPNYW7K08 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $93089.16     | 0.11%             | 2026-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                        | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAH8<br>LEI: N/A                  | Long             | DBT              |  | US        |      9000 | PA      | $8469.70      | 0.01%             | 2026-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Oi SA                                         | Oi SA                                                                            | CUSIP: 000000000<br>LEI: 254900YEMWCRRAGD4978 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $33475.00     | 0.04%             | 2025-07-27      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN AB                      | Svenska Handelsbanken AB                                                         | CUSIP: 000000000<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |    200000 | PA      | $178260.00    | 0.20%             | 2027-03-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                        | NXP BV / NXP Funding LLC / NXP USA Inc                                           | CUSIP: 62954HAN8<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      9000 | PA      | $5590.13      | 0.01%             | 2051-11-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                           | Travel + Leisure Co                                                              | CUSIP: 98310WAS7<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88043.55     | 0.10%             | 2026-07-31      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Ecopetrol SA                                  | Ecopetrol SA                                                                     | CUSIP: 279158AK5<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    181000 | PA      | $172040.50    | 0.20%             | 2025-01-16      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                      | Encore Capital Group Inc                                                         | CUSIP: 000000000<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100217.62    | 0.12%             | 2025-10-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                         | RRP REPUBLIC SE                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |    -85050 | PA      | $-85050.00    | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| United Group BV                               | United Group BV                                                                  | CUSIP: 000000000<br>LEI: 213800PC85O8BJ7DU398 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $99368.76     | 0.11%             | 2024-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP CALPINE COR                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -422662 | PA      | $-422662.50   | -0.49%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF CHILE                             | Chile Government International Bond                                              | CUSIP: 168863DY1<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    200000 | PA      | $168475.00    | 0.19%             | 2042-03-07      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                              | Vmed O2 UK Financing I PLC                                                       | CUSIP: 000000000<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $91892.30     | 0.11%             | 2031-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                   | RRP COMCAST COR                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |    -63919 | PA      | $-63918.75    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| MARKET BIDCO FINCO PLC                        | Market Bidco Finco PLC                                                           | CUSIP: 000000000<br>LEI: 549300UGYX6EBVHRVG53 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $91831.85     | 0.11%             | 2027-11-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust           | Citigroup Commercial Mortgage Trust 2019-PRM                                     | CUSIP: 29429JAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $496586.50    | 0.57%             | 2036-05-10      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC                         | Republic Services Inc                                                            | CUSIP: 760759AW0<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    135000 | PA      | $92770.25     | 0.11%             | 2050-03-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Select Medical Corporation                    | Select Medical Corporation 2017 Term Loan B                                      | CUSIP: 816194AV6<br>LEI: 549300X05KS0JKR8CB50 | Long             | LON              | CORP              | US        |    101585 | PA      | $99349.85     | 0.11%             | 2025-03-06      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| Luxembourg Life Fund                          | Luxembourg Life Fund 2021 Term Loan                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   1997143 | PA      | $1994746.36   | 2.29%             | 2023-04-01      | Floating      | 13.93%                | No            |                  3 | On Loan: No      |
| Chicago Board of Trade                        | US 2YR NOTE (CBT) MAR23                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        85 | NC      | $5444.06      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA CORP                                   | Vistra Operations Co LLC                                                         | CUSIP: 92840VAA0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     17000 | PA      | $16378.09     | 0.02%             | 2026-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                        | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    147000 | PA      | $136543.89    | 0.16%             | 2027-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Aramark Services Inc                          | Aramark Services Inc                                                             | CUSIP: 038522AQ1<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18658.70     | 0.02%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                         | Level 3 Financing Inc                                                            | CUSIP: 527298BS1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    381000 | PA      | $278983.83    | 0.32%             | 2029-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| ARGENTUM (SWISS RE LTD)                       | Argentum Netherlands BV for Swiss Re Ltd                                         | CUSIP: 000000000<br>LEI: 724500RPEZI5VVQQWE89 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $183000.00    | 0.21%             | 2052-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                        | US 5YR NOTE (CBT) MAR23                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -124 | NC      | $11604.24     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc                                | NRG Energy Inc                                                                   | CUSIP: 629377CH3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     13000 | PA      | $11475.62     | 0.01%             | 2029-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO VII Ltd.                          | Elmwood CLO VII Ltd                                                              | CUSIP: 29002RAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $229590.05    | 0.26%             | 2034-01-17      | Floating      | 11.18%                | No            |                  2 | On Loan: No      |
| OAFIT A NOTE UPSIZE (PT.2)                    | OAFIT A NOTE UPSIZE (PT.2)                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | AU        |    480000 | PA      | $321088.92    | 0.37%             | 2024-03-28      | Fixed         | 8.00%                 | No            |                  3 | On Loan: No      |
| LOWE'S COS INC                                | Lowe's Cos Inc                                                                   | CUSIP: 548661EJ2<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |     41000 | PA      | $32504.93     | 0.04%             | 2052-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                   | OCP Clo 2019-17 Ltd                                                              | CUSIP: 67113MAE4<br>LEI: 2549003HLFPQ7ATPYA23 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1309484.10   | 1.51%             | 2032-07-20      | Floating      | 10.74%                | No            |                  2 | On Loan: No      |
| ENI SPA                                       | Eni SpA                                                                          | CUSIP: 000000000<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |    200000 | PA      | $164662.96    | 0.19%             | 2030-02-11      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                       | Romanian Government International Bond                                           | CUSIP: 77586RAN0<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    174000 | PA      | $166474.50    | 0.19%             | 2027-11-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GENNEIA SA                                    | Genneia SA                                                                       | CUSIP: 372319AB9<br>LEI: 529900YZ70LX0XWS9P67 | Long             | DBT              | CORP              | AR        |     92909 | PA      | $90081.08     | 0.10%             | 2027-09-02      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Service Properties Trust                      | Service Properties Trust                                                         | CUSIP: 81761L102<br>LEI: 529900IS770AG1K9QG27 | Long             | EC               |  | US        |      2000 | NS      | $14580.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TK ELEVATOR US NEWCO INC                      | TK Elevator US Newco Inc                                                         | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |    200000 | PA      | $177508.00    | 0.20%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JGC VENTURES PTE LTD                          | JGC Ventures Pte Ltd                                                             | CUSIP: 000000000<br>LEI: 2549008PR2UO2K6SYH32 | Long             | DBT              | CORP              | SG        |      7219 | PA      | $1527.27      | 0.00%             | 2025-06-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                   | SWP: OIS 3.220000 28-MAY-2051                                                    | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     34000 | OU      | $3744.72      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ADLER GROUP SA                                | ADLER Group SA                                                                   | CUSIP: 000000000<br>LEI: 391200OYYFJ3DWAMEC69 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $43460.25     | 0.05%             | 2025-08-05      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP BWAY HOLDIN                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -317078 | PA      | $-317077.50   | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                         | RRP TENET HEALT                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -584512 | PA      | $-584512.50   | -0.67%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                           | Nigeria Government International Bond                                            | CUSIP: 65412JAU7<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    200000 | PA      | $165000.00    | 0.19%             | 2029-03-24      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                          | RRP AEROPUERTO                                                                   | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -136250 | PA      | $-136250.00   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| LIQUID TELECOM FINANCE                        | Liquid Telecommunications Financing Plc                                          | CUSIP: 536333AB3<br>LEI: 635400MXAVJRJJCWVI87 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $143225.00    | 0.16%             | 2026-09-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Golden Entertainment Inc                      | Golden Entertainment Inc                                                         | CUSIP: 381013AA9<br>LEI: 549300P8YYCKQVJ0Y638 | Long             | DBT              | CORP              | US        |     34000 | PA      | $33510.95     | 0.04%             | 2026-04-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRIES INC                       | Standard Industries Inc/NJ                                                       | CUSIP: 853496AC1<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |      9000 | PA      | $8304.60      | 0.01%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                | Morgan Stanley Capital I Trust 2019-H7                                           | CUSIP: 61771MAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $502823.10    | 0.58%             | 2052-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LBM Acquisition LLC                           | LBM Acquisition LLC Term Loan B                                                  | CUSIP: 50179JAB4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |     33611 | PA      | $29062.88     | 0.03%             | 2027-12-17      | Floating      | 8.90%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                           | Gilead Sciences Inc                                                              | CUSIP: 375558BS1<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    130000 | PA      | $90699.85     | 0.10%             | 2040-10-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                             | Vedanta Resources Finance II PLC                                                 | CUSIP: 92243XAE1<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $135250.00    | 0.16%             | 2025-03-11      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| COMMERZBANK AG                                | Commerzbank AG                                                                   | CUSIP: 000000000<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $198585.51    | 0.23%             | 2025-10-09      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| United Mexican States                         | Mexico Government International Bond                                             | CUSIP: 91087BAE0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $188400.00    | 0.22%             | 2028-01-11      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SES SA                                        | SES SA                                                                           | CUSIP: 000000000<br>LEI: 5493008JPA4HYMH1HX51 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $103912.81    | 0.12%             | 2024-01-29      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                      | International Business Machines Corp                                             | CUSIP: 459200KL4<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    109000 | PA      | $70931.02     | 0.08%             | 2050-05-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| FERROVIAL NL BV                               | Ferrovial Netherlands BV                                                         | CUSIP: 000000000<br>LEI: 72450048UYBX1IY3XM22 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $84030.29     | 0.10%             | 2023-02-14      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| MAF GLOBAL SECURITIES                         | MAF Global Securities Ltd                                                        | CUSIP: 000000000<br>LEI: 54930037VUDNYTS17017 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $191225.00    | 0.22%             | 2026-03-20      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC        | PURCHASED USD / SOLD CNH                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $-623.05      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CEDAR FAIR/CAN/MAGNUM/MI                      | Cedar Fair LP / Canada's Wonderland Co / Magnum Management Corp / Millennium Op  | CUSIP: 150190AB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      9000 | PA      | $8595.00      | 0.01%             | 2027-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING                                | Axalta Coating Systems Dutch Holding B BV                                        | CUSIP: 000000000<br>LEI: 5493007DMEBZH3CQ5E51 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $102315.70    | 0.12%             | 2025-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                          | RRP EGYPT ARAB                                                                   | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -155135 | PA      | $-155135.00   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| SCC POWER PLC                                 | SCC Power PLC                                                                    | CUSIP: 78397YAB8<br>LEI: 529900IYGYC6VSDSDF37 | Long             | DBT              | CORP              | GB        |    500387 | PA      | $170509.18    | 0.20%             | 2028-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ATENTO LUXCO 1 SA                             | Atento Luxco 1 SA                                                                | CUSIP: 04684LAC2<br>LEI: 549300MLFF3HYCZQTC48 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $106912.50    | 0.12%             | 2026-02-10      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MIDWEST GMNG BOR/MWG FIN                      | Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp                        | CUSIP: 59833DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    102000 | PA      | $86788.14     | 0.10%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ELANCO ANIMAL HEALTH INC                      | Elanco Animal Health Inc                                                         | CUSIP: 28414HAG8<br>LEI: 549300SHPNDCE059M934 | Long             | DBT              | CORP              | US        |     13000 | PA      | $12369.63     | 0.01%             | 2028-08-28      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                         | Guatemala Government Bond                                                        | CUSIP: 401494AV1<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    200000 | PA      | $191850.00    | 0.22%             | 2029-08-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                          | RRP DOMINICAN R                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -115475 | PA      | $-115475.00   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                  | UBS Group AG                                                                     | CUSIP: 90352JAF0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |     50000 | PA      | $49191.17     | 0.06%             | 2024-01-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Nexa Resources SA                             | Nexa Resources SA                                                                | CUSIP: 91832CAA4<br>LEI: 549300QRMRHM7GAU7L47 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $187475.00    | 0.22%             | 2027-05-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL HEALTH SVCS                         | Universal Health Services Inc                                                    | CUSIP: 913903AW0<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |     63000 | PA      | $50140.00     | 0.06%             | 2030-10-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Telefonica Europe BV                          | Telefonica Europe BV                                                             | CUSIP: 000000000<br>LEI: 7245007FZS0M65WUGP67 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $101951.32    | 0.12%             | 2024-12-14      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES SE                              | TotalEnergies SE                                                                 | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $100131.13    | 0.12%             | 2025-02-26      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                      | Republic of South Africa Government International Bond                           | CUSIP: 836205BA1<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    200000 | PA      | $177475.00    | 0.20%             | 2029-09-30      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES INTERNA                      | Scientific Games International Inc                                               | CUSIP: 80874YBC3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    194000 | PA      | $185058.54    | 0.21%             | 2028-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Republic of Indonesia                         | Indonesia Government International Bond                                          | CUSIP: 455780CJ3<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $194522.00    | 0.22%             | 2049-02-11      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                  | Barclays PLC                                                                     | CUSIP: 06738EBG9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $194321.15    | 0.22%             | 2024-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| JAGUAR LAND ROVER AUTOMO                      | Jaguar Land Rover Automotive PLC                                                 | CUSIP: 000000000<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $80837.13     | 0.09%             | 2028-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                | Wynn Macau Ltd                                                                   | CUSIP: 000000000<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $182100.00    | 0.21%             | 2026-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WESTERN ALLIANCE BK PHOENIX AZ                | WESTERN ALLIANCE BK PHOENIX AZ                                                   | CUSIP: 95763PEH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3510000 | PA      | $3507682.14   | 4.03%             | 2024-12-30      | Variable      | 9.14%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                        | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    201000 | PA      | $170738.48    | 0.20%             | 2028-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                   | PUERTO RICO CMWLTH                                                               | CUSIP: 74514L4F1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     91550 | PA      | $29613.84     | 0.03%             | 2051-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                     | Amgen Inc                                                                        | CUSIP: 031162CY4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |     84000 | PA      | $50555.54     | 0.06%             | 2053-09-01      | Fixed         | 2.77%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO II Ltd.                           | Elmwood CLO II Ltd                                                               | CUSIP: 29001RAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $229945.33    | 0.26%             | 2034-04-20      | Floating      | 11.04%                | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                           | Petroleos Mexicanos                                                              | CUSIP: 71654QDL3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    176000 | PA      | $164703.00    | 0.19%             | 2029-06-02      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CHINA EVERGRANDE GROUP                        | China Evergrande Group                                                           | CUSIP: 000000000<br>LEI: 549300CUF7B1LAB15T90 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $13850.00     | 0.02%             | 2024-04-11      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| FRIGORIFICO CONCEPCION                        | Frigorifico Concepcion SA                                                        | CUSIP: 358648AA1<br>LEI: 529900Q6VZVL47QJCQ91 | Long             | DBT              | CORP              | PY        |    200000 | PA      | $159912.50    | 0.18%             | 2028-07-21      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| Kestrel Bidco Inc.                            | Kestrel Bidco Inc. Term Loan B                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |       192 | PA      | $173.94       | 0.00%             | 2026-12-11      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust   | MF1 2021-W10X                                                                    | CUSIP: 55284DAS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    120000 | PA      | $108422.72    | 0.12%             | 2034-12-15      | Floating      | 8.56%                 | No            |                  2 | On Loan: No      |
| Transocean Phoenix 2 Ltd                      | Transocean Phoenix 2 Ltd                                                         | CUSIP: 893828AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    292000 | PA      | $289080.40    | 0.33%             | 2024-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Generate CLO Ltd.                             | Generate CLO 4 Ltd                                                               | CUSIP: 98625WAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $223068.15    | 0.26%             | 2032-04-20      | Floating      | 10.99%                | No            |                  2 | On Loan: No      |
| Sirius XM Radio Inc                           | Sirius XM Radio Inc                                                              | CUSIP: 82967NBA5<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     54000 | PA      | $49915.50     | 0.06%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M/I HOMES INC                                 | M/I Homes Inc                                                                    | CUSIP: 55305BAS0<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |    225000 | PA      | $199903.50    | 0.23%             | 2028-02-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP BANK OF AME                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |    -99775 | PA      | $-99775.00    | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA                                       | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    216000 | PA      | $158860.59    | 0.18%             | 2031-07-16      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| PT Pertamina (Persero)                        | Pertamina Persero PT                                                             | CUSIP: 69370RAD9<br>LEI: 254900NDAKGNZ2IBBL45 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $182522.00    | 0.21%             | 2029-07-30      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| ABN AMRO Bank NV                              | ABN AMRO Bank NV                                                                 | CUSIP: 000000000<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $181436.91    | 0.21%             | 2027-09-22      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                      | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 74841CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    228000 | PA      | $180675.88    | 0.21%             | 2029-03-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                     | BlackRock Liquidity Funds: T-Fund, Institutional Shares                          | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   5876317 | NS      | $5876316.60   | 6.76%             |  |  |  | No            |                  1 | On Loan: No      |
| MGM RESORTS INTL                              | MGM Resorts International                                                        | CUSIP: 552953CF6<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    157000 | PA      | $146042.84    | 0.17%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL                      | Cheplapharm Arzneimittel GmbH                                                    | CUSIP: 000000000<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $93776.73     | 0.11%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| XHR LP                                        | XHR LP                                                                           | CUSIP: 98372MAC9<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              |  | US        |     11000 | PA      | $9010.39      | 0.01%             | 2029-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                         | Level 3 Financing Inc                                                            | CUSIP: 527298BR3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    431000 | PA      | $339498.70    | 0.39%             | 2028-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                      | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    153000 | PA      | $131716.37    | 0.15%             | 2027-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Trestles CLO LTD                              | Trestles CLO II LTD                                                              | CUSIP: 89531VAA0<br>LEI: 6354005OLPZ8XONXGL10 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $208823.45    | 0.24%             | 2031-07-25      | Floating      | 10.11%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                      | Republic of South Africa Government International Bond                           | CUSIP: 836205BC7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    200000 | PA      | $179750.00    | 0.21%             | 2032-04-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia                          | Colombia Government International Bond                                           | CUSIP: 195325CX1<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    200000 | PA      | $187725.00    | 0.22%             | 2026-01-28      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AEROPUERTO INTL TOCUMEN                       | Aeropuerto Internacional de Tocumen SA                                           | CUSIP: 00787CAE2<br>LEI: 254900FO1PHX49ZIGB14 | Long             | DBT              | CORP              | PA        |    200000 | PA      | $163662.50    | 0.19%             | 2061-08-11      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                  | CSMC 2020-FACT                                                                   | CUSIP: 126395AQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $274149.90    | 0.32%             | 2037-10-15      | Floating      | 10.48%                | No            |                  2 | On Loan: No      |
| AVIANCA MIDCO 2 PLC                           | Avianca Midco 2 PLC                                                              | CUSIP: 05368PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    263308 | PA      | $192214.84    | 0.22%             | 2028-12-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                                | CarVal CLO I Ltd                                                                 | CUSIP: 146865AG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $230940.85    | 0.27%             | 2031-07-16      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| GEOPARK LTD                                   | Geopark Ltd                                                                      | CUSIP: 37255BAB5<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | DBT              | CORP              | BM        |    200000 | PA      | $172287.50    | 0.20%             | 2027-01-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL            | CDS: (CMBX.NA.9.BBB-)                                                            | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              |  | US        |    942900 | OU      | $-177122.77   | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| SCIH Salt Holdings Inc.                       | SCIH Salt Holdings Inc. 2021 Incremental Term Loan B                             | CUSIP: 78397GAF8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    106360 | PA      | $103130.67    | 0.12%             | 2027-03-16      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                          | Bank of America Corp                                                             | CUSIP: 06051GJA8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    130000 | PA      | $101732.68    | 0.12%             | 2051-03-20      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                  | CSMC 2021-JR1 Trust                                                              | CUSIP: 12657XAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    875590 | PA      | $762463.17    | 0.88%             | 2066-09-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP HOWARD HUGH                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -335995 | PA      | $-335995.00   | -0.39%            |  |  |  | No            |                  2 | On Loan: No      |
| Aimbridge Acquisition Co., Inc.               | Aimbridge Acquisition Co., Inc. 2019 Term Loan B                                 | CUSIP: 00900YAD8<br>LEI: 549300SPGKLVE9WYCQ20 | Long             | LON              | CORP              | US        |    168314 | PA      | $152061.21    | 0.17%             | 2026-02-02      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                   | RRP APTIV PLC 3                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |    -56250 | PA      | $-56250.00    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| PHOENIX PIB DUTCH FINANC                      | Phoenix PIB Dutch Finance BV                                                     | CUSIP: 000000000<br>LEI: 529900UUYBCBB7HMVI56 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $100124.92    | 0.12%             | 2025-08-05      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR MIDCO GMBH                        | TK Elevator Midco GmbH                                                           | CUSIP: 000000000<br>LEI: 254900K869UN2ZWVB351 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $94702.67     | 0.11%             | 2027-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL            | SWAP/CDSWAP/CDS: (CMBX.NA.15.BBB-)                                               | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              |  | US        |   1000000 | OU      | $-190911.52   | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| BAYER AG                                      | Bayer AG                                                                         | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | DBT              | CORP              | DE        |    300000 | PA      | $271760.36    | 0.31%             | 2079-11-12      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                        | Oman Government International Bond                                               | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    200000 | PA      | $186162.50    | 0.21%             | 2048-01-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DANA INC                                      | Dana Inc                                                                         | CUSIP: 235825AG1<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |     72000 | PA      | $65495.96     | 0.08%             | 2028-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE SECURITIES (USA) LLC            | RRP COLOMBIA R                                                                   | CUSIP: 000000000<br>LEI: 1V8Y6QCX6YMJ2OELII46 | Short            | RA               | CORP              | US        |   -201875 | PA      | $-201875.00   | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| STILLWATER MINING CO                          | Stillwater Mining Co                                                             | CUSIP: 000000000<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $175787.50    | 0.20%             | 2026-11-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                   | RRP CROWN CASTL                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |    -55675 | PA      | $-55675.00    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| HUNGARY                                       | Hungary Government International Bond                                            | CUSIP: 445545AP1<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    200000 | PA      | $190162.50    | 0.22%             | 2029-06-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO INC                           | Sirius XM Radio Inc                                                              | CUSIP: 82967NBC1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     48000 | PA      | $43813.44     | 0.05%             | 2029-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                        | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAG0<br>LEI: N/A                  | Long             | DBT              |  | US        |     59000 | PA      | $56566.25     | 0.07%             | 2025-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NIDDA HEALTHCARE HOLDING                      | Nidda Healthcare Holding GmbH                                                    | CUSIP: 000000000<br>LEI: 549300Q89C4WAO6L0L19 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $101826.51    | 0.12%             | 2026-08-21      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                  | Barclays PLC                                                                     | CUSIP: 06738EBN4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $182500.00    | 0.21%             | 2025-12-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                      | Service Properties Trust                                                         | CUSIP: 44106MAR3<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    386000 | PA      | $379319.07    | 0.44%             | 2023-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP TAYLOR MORR                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -201949 | PA      | $-201948.75   | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| Oak Hill Credit Partners                      | OHA Credit Funding 11 Ltd                                                        | CUSIP: 67116BAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |    250000 | PA      | $228207.10    | 0.26%             | 2033-07-19      | Floating      | 11.21%                | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.               | SWAP/CDSWAP/ICE: (CDX.NA.HY.33.V12)                                              | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   6380000 | OU      | $200395.45    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                            | Ukraine Government International Bond                                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    110000 | PA      | $22811.25     | 0.03%             | 2027-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                          | RRP INTERNATION                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |    -61125 | PA      | $-61125.00    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                       | RRP TRI POINTE                                                                   | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -516412 | PA      | $-516412.50   | -0.59%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                          | RRP MEXICO (UNI                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -140423 | PA      | $-140422.80   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| Trestles CLO LTD                              | TRESTLES CLO 2017-1 Ltd                                                          | CUSIP: 89531FAU1<br>LEI: 254900QSBDX181YYBH38 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $929277.00    | 1.07%             | 2032-04-25      | Floating      | 7.26%                 | No            |                  2 | On Loan: No      |
| NBK TIER 1 FNC LTD                            | NBK Tier 1 Ltd                                                                   | CUSIP: 62879NAA5<br>LEI: 5493000G4QCCEE8YHF19 | Long             | DBT              | CORP              | AE        |    277000 | PA      | $241128.50    | 0.28%             | 2026-08-24      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| JGC VENTURES PTE LTD                          | JGC Ventures Pte Ltd                                                             | CUSIP: 000000000<br>LEI: 2549008PR2UO2K6SYH32 | Long             | DBT              | CORP              | SG        |       266 | PA      | $56.28        | 0.00%             | 2025-06-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JGC Ventures Pte Ltd                          | JGC Ventures Pte Ltd                                                             | CUSIP: 000000000<br>LEI: 2549008PR2UO2K6SYH32 | Long             | DBT              | CORP              | SG        |    238876 | PA      | $95550.40     | 0.11%             | 2025-06-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DOBANK SPA                                    | doValue SpA                                                                      | CUSIP: 000000000<br>LEI: 8156007AF7DB5FE05555 | Long             | DBT              | CORP              | IT        |    102000 | PA      | $95731.97     | 0.11%             | 2026-07-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Osaka Exchange                                | JPN 10Y BOND(OSE) MAR23                                                          | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DIR              |  | JP        |        -3 | NC      | $61177.67     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS CAPITAL INC                          | RRP COLOMBIA R                                                                   | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -101250 | PA      | $-101250.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                         | Tenet Healthcare Corp                                                            | CUSIP: 88033GDL1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    507000 | PA      | $439214.10    | 0.50%             | 2029-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL            | SWAP/CDSWAP/CDS: (CMBX.NA.15.BBB-)                                               | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              |  | US        |   1023000 | OU      | $-195302.48   | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| FULL HOUSE RESORTS INC                        | Full House Resorts Inc                                                           | CUSIP: 359678AC3<br>LEI: 5493009DKIWW0H901Y82 | Long             | DBT              | CORP              | US        |     13000 | PA      | $11509.03     | 0.01%             | 2028-02-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                             | NatWest Group PLC                                                                | CUSIP: 639057AD0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $143185.61    | 0.16%             | 2031-06-28      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MID-AMERICA APARTMENTS                        | Mid-America Apartments LP                                                        | CUSIP: 59523UAU1<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | DBT              |  | US        |     12000 | PA      | $7647.93      | 0.01%             | 2051-09-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                          | SWAP/CDSWAP/SCDS: (CMACG)                                                        | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              |  | XX        |      4191 | OU      | $159.71       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP HOLDG                      | Cloud Software Group Holdings Inc                                                | CUSIP: 88632QAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $80016.72     | 0.09%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SES SA                                        | SES SA                                                                           | CUSIP: 000000000<br>LEI: 5493008JPA4HYMH1HX51 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $84950.87     | 0.10%             | 2026-05-27      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| The Federal Republic of Nigeria               | Nigeria Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    200000 | PA      | $150000.00    | 0.17%             | 2032-02-16      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| OAFIT A NOTE UPSIZE                           | OAFIT A NOTE UPSIZE                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |   1740000 | PA      | $1163947.35   | 1.34%             | 2024-01-21      | Fixed         | 8.00%                 | No            |                  3 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                       | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GYK4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      9000 | PA      | $6120.21      | 0.01%             | 2042-07-21      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| Republic of Panama                            | Panama Government International Bond                                             | CUSIP: 698299BF0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    200000 | PA      | $188725.00    | 0.22%             | 2028-03-17      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AIR FRANCE-KLM                                | Air France-KLM                                                                   | CUSIP: 000000000<br>LEI: 969500AQW31GYO8JZD66 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $95779.54     | 0.11%             | 2026-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                        | Egypt Government International Bond                                              | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    284000 | PA      | $187440.00    | 0.22%             | 2047-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** BlackRock Multi-Sector Opportunities Trust II

**Signature:** Ann Frechette

**Name of Signer:** Ann Frechette

**Title:** Assistant Treasurer