# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0001752724-23-073317
**Filing Date:** 2023-3
**Character Count:** 104071
**Document Hash:** 77db23b17bf2e0063b263f2450cca403
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-073317.hdr.sgml**: 20230330

**ACCESSION NUMBER**: 0001752724-23-073317

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230330

**DATE AS OF CHANGE**: 20230330

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **CENTRAL INDEX KEY:** 0000885709
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06625
- **FILM NUMBER:** 23778193

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 2136251900

**MAIL ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDENFUNDS
- **DATE OF NAME CHANGE:** 20010423

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **DATE OF NAME CHANGE:** 19940104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** P&R INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### Payden Low Duration Fund (Series ID: S000011755)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000032180 | Payden Low Duration Fund (Investor Class) | PYSBX           |
| C000236135 | Payden Low Duration Fund (SI Class)       | PYLDX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PAYDEN & RYGEL INVESTMENT GROUP

- **b. Investment Company Act file number:** 811-06625

- **c. CIK number of Registrant:** 0000885709

- **d. LEI of Registrant:** 549300QJNYRKYZS3P282

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

  - **Street Address 1:** 333 South Grand Avenue

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

  - **Telephone number:** 213-625-1900

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

- **a. Name of Series:** Payden Low Duration Fund

- **b. EDGAR series identifier (if any):** S000011755

- **c. LEI of Series:** JBE5Q1GFOJSHZAIQ1855

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1234745235.50

**Total Liabilities:** $11278484.58

**Net Assets:** $1223466750.92

**Delayed Delivery Securities:** $2452422.25

**Cash Not Reported:** $331000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 173.46062240 | **1-Year:** 3703.00000000 | **5-Year:** 58634.00000000 | **10-Year:** 12255.00000000 | **30-Year:** 53621.00000000

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

- **3-Month:** 28.31561740 | **1-Year:** 16220.00000000 | **5-Year:** 5790.00000000 | **10-Year:** 360.68156350 | **30-Year:** 21505.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000236135 | 0.66%                | 0.46%                | 1.10%                |
| Class ID C000032180 | 0.76%                | 0.35%                | 1.10%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2703301.41             | $10301378.58                               |
| Month 2  | $-2770366.06             | $4294524.48                                |
| Month 3  | $-404269.66              | $11496308.29                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                        | Title                                                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| EQT CORP                                    | EQT Corp                                                              | CUSIP: 26884LAH2<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1395117.90   | 0.11%             | 2025-02-01      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2021-ARIA                                                    | CUSIP: 05608RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4550000 | PA      | $4410547.96   | 0.36%             | 2036-10-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE SECURED LEND                     | Blackstone Secured Lending Fund                                       | CUSIP: 09261LAD0<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2582684.96   | 0.21%             | 2023-07-14      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                      | CUSIP: 912828ZC7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    995000 | PA      | $935805.27    | 0.08%             | 2025-02-28      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN SENTRY LTD                       | Transocean Sentry Ltd                                                 | CUSIP: 89385AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    912914 | PA      | $906638.18    | 0.07%             | 2023-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                      | CUSIP: 91282CEH0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  81055000 | PA      | $78542611.93  | 6.42%             | 2025-04-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                      | CUSIP: 91282CFG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6945000 | PA      | $6820885.28   | 0.56%             | 2024-08-31      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                         | JPMorgan Chase & Co                                                   | CUSIP: 46647PCZ7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3540000 | PA      | $3478270.93   | 0.28%             | 2026-04-26      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| OMEGA HLTHCARE INVESTORS                    | Omega Healthcare Investors Inc                                        | CUSIP: 681936BJ8<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |   6390000 | PA      | $6365502.72   | 0.52%             | 2023-08-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Cantor Commercial Real Estate               | Cantor Commercial Real Estate Lending 2019-CF1                        | CUSIP: 12529MAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  22266354 | PA      | $1063360.91   | 0.09%             | 2052-05-15      | Variable      | 1.13%                 | No            |                  2 | On Loan: No      |
| MBARC Credit Canada Inc                     | MBarc Credit Canada Inc                                               | CUSIP: 552755BQ2<br>LEI: 549300T0LAPKEKVWBV33 | Long             | ABS-O            | CORP              | CA        |   2385404 | PA      | $1776158.13   | 0.15%             | 2024-05-15      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                      | CUSIP: 91282CFW6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  60243000 | PA      | $61146645.00  | 5.00%             | 2025-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT                            | Bellemeade RE 2021-3 Ltd                                              | CUSIP: 078777AB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3232981 | PA      | $3209287.19   | 0.26%             | 2031-09-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| TCI-Symphony CLO                            | TCI-Symphony CLO 2017-1 Ltd                                           | CUSIP: 87232BAF9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  13318588 | PA      | $13207644.66  | 1.08%             | 2030-07-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                             | SBA Tower Trust                                                       | CUSIP: 78403DAP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2850000 | PA      | $2564616.96   | 0.21%             | 2026-01-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage T              | STWD 2019-FL1 Ltd                                                     | CUSIP: 78485WAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3872136 | PA      | $3860384.33   | 0.32%             | 2038-07-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD                         | Macquarie Group Ltd                                                   | CUSIP: 55608JBA5<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |   3415000 | PA      | $3164403.03   | 0.26%             | 2025-10-14      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| Oak Street Investment Grade Ne              | Oak Street Investment Grade Net Lease Fund Series 2020-1              | CUSIP: 67181DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8419385 | PA      | $7617506.92   | 0.62%             | 2050-11-20      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| LoanCore 2021-CRE5 Issuer, Ltd              | LoanCore 2021-CRE5 Issuer Ltd                                         | CUSIP: 53947XAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   5300000 | PA      | $5120165.70   | 0.42%             | 2036-07-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                    | Ford Motor Credit Co LLC                                              | CUSIP: 345397A60<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2665000 | PA      | $2622079.11   | 0.21%             | 2025-06-16      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Diamond Infrastructure Funding              | Diamond Infrastructure Funding LLC                                    | CUSIP: 25265LAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7500000 | PA      | $6446737.50   | 0.53%             | 2049-04-15      | Fixed         | 1.76%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                         | JPMorgan Chase & Co                                                   | CUSIP: 46647PDE3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1315000 | PA      | $1292313.67   | 0.11%             | 2025-06-14      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | CME 3 Month Eurodollar                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       664 | NC      | $-6866420.32  | -0.56%            |  |  |  | No            |                  1 | On Loan: No      |
| OWL ROCK CAPITAL CORP                       | Owl Rock Capital Corp                                                 | CUSIP: 69121KAD6<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |   2160000 | PA      | $2035629.77   | 0.17%             | 2026-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| F&G GLOBAL FUNDING                          | F&G Global Funding                                                    | CUSIP: 30321L2B7<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |   8005000 | PA      | $7403359.33   | 0.61%             | 2024-09-20      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HEALTH                         | CommonSpirit Health                                                   | CUSIP: 20268JAK9<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |   3190000 | PA      | $3327549.04   | 0.27%             | 2027-11-01      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| BrightSpire Capital, Inc                    | BRSP 2021-FL1 Ltd                                                     | CUSIP: 05591XAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  11400000 | PA      | $11111181.00  | 0.91%             | 2038-08-19      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                              | Morgan Stanley                                                        | CUSIP: 61747YEG6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   6205000 | PA      | $5784248.94   | 0.47%             | 2025-10-21      | Fixed         | 1.16%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                    | Vantage Data Centers Issuer LLC                                       | CUSIP: 92212KAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6550000 | PA      | $5885094.44   | 0.48%             | 2045-09-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                      | CUSIP: 91282CGE5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  41200000 | PA      | $41200000.00  | 3.37%             | 2026-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2020-HQA1                               | CUSIP: 35565JAH4<br>LEI: 549300TCRXCIFPAC3B85 | Long             | ABS-MBS          | CORP              | US        |    642976 | PA      | $641607.76    | 0.05%             | 2050-01-25      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2021-HQA3                               | CUSIP: 35564KJG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1996544 | PA      | $1928107.09   | 0.16%             | 2041-09-25      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| BRAZOS SECURITIZATN LLC                     | Brazos Securitization LLC                                             | CUSIP: 106230AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3004159.50   | 0.25%             | 2031-09-01      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2              | BX Commercial Mortgage Trust 2019-XL                                  | CUSIP: 056054AE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2567000 | PA      | $2543878.52   | 0.21%             | 2036-10-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                        | Saudi Arabian Oil Co                                                  | CUSIP: 80414L2G9<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |   2120000 | PA      | $2054084.96   | 0.17%             | 2023-11-24      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                    | AerCap Ireland Capital DAC / AerCap Global Aviation Trust             | CUSIP: 00774MAU9<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   5110000 | PA      | $4782336.02   | 0.39%             | 2024-10-29      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                  | GBP/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $1261.67      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GMF Canada Leasing Trust                    | GMF Canada Leasing Trust                                              | CUSIP: 36252MBU3<br>LEI: 549300KHZQ7YBTEOJU80 | Long             | ABS-O            | CORP              | CA        |    511366 | PA      | $383565.61    | 0.03%             | 2025-11-20      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORR COMM/HLDGS                      | Taylor Morrison Communities Inc / Taylor Morrison Holdings II Inc     | CUSIP: 877249AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   1380000 | PA      | $1376205.00   | 0.11%             | 2024-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term               | GM Financial Consumer Automobile Receivables Trust 2020-1             | CUSIP: 36258NAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1660000 | PA      | $1623192.32   | 0.13%             | 2025-04-16      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Commercial Mort              | LCCM 2021-FL2 Trust                                                   | CUSIP: 50202KAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7250000 | PA      | $7067459.50   | 0.58%             | 2038-12-13      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                      | GE HealthCare Technologies Inc                                        | CUSIP: 36267VAA1<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   3805000 | PA      | $3838796.28   | 0.31%             | 2024-11-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| FS KKR CAPITAL CORP                         | FS KKR Capital Corp                                                   | CUSIP: 30313RAA7<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |   3980000 | PA      | $3761255.94   | 0.31%             | 2025-02-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                     | CARS-DB4 LP                                                           | CUSIP: 12510HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1348052 | PA      | $1274893.20   | 0.10%             | 2050-02-15      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                              | Morgan Stanley                                                        | CUSIP: 61747YEX9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2905000 | PA      | $2993610.37   | 0.24%             | 2026-10-16      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| TOLL BROS FINANCE CORP                      | Toll Brothers Finance Corp                                            | CUSIP: 88947EAR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1356840.48   | 0.11%             | 2025-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                      | CUSIP: 91282CEK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    815000 | PA      | $793988.28    | 0.06%             | 2024-04-30      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 32              | Octagon Investment Partners 32 Ltd                                    | CUSIP: 67578BAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  14920960 | PA      | $14823794.93  | 1.21%             | 2029-07-15      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                         | CDW LLC / CDW Finance Corp                                            | CUSIP: 12513GBA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1380310.50   | 0.11%             | 2024-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Eagle Re Ltd                                | Eagle RE 2021-2 Ltd                                                   | CUSIP: 26982AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |   2414027 | PA      | $2408918.52   | 0.20%             | 2034-04-25      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                     | Teva Pharmaceutical Finance Netherlands III BV                        | CUSIP: 88167AAN1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    800000 | PA      | $811840.00    | 0.07%             | 2025-01-31      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                         | JPMorgan Chase & Co                                                   | CUSIP: 46647PDM5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   6090000 | PA      | $6141436.14   | 0.50%             | 2025-12-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P              | Freddie Mac Multifamily Structured Pass Through Certificates          | CUSIP: 3137FARE0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14354706 | PA      | $13977388.50  | 1.14%             | 2024-07-25      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable              | Westlake Automobile Receivables Trust 2020-1                          | CUSIP: 96042KAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3700000 | PA      | $3636900.57   | 0.30%             | 2025-06-16      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                    | Vantage Data Centers Issuer LLC                                       | CUSIP: 92211MAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1744167 | PA      | $1707823.47   | 0.14%             | 2043-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                              | Morgan Stanley                                                        | CUSIP: 6174468J1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3435000 | PA      | $3317780.69   | 0.27%             | 2025-07-22      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin              | Santander Bank Auto Credit-Linked Notes Series 2022-B                 | CUSIP: 80290CAY0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3038537 | PA      | $3021092.65   | 0.25%             | 2032-08-16      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Private Education Refi Loan Trust 2020-H                      | CUSIP: 63935BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1961899 | PA      | $1802694.28   | 0.15%             | 2069-01-15      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| SUNTORY HOLDINGS LTD                        | Suntory Holdings Ltd                                                  | CUSIP: 86803UAD3<br>LEI: 54930074QUY8RD0UZM08 | Long             | DBT              | CORP              | JP        |   8400000 | PA      | $7951508.71   | 0.65%             | 2024-10-16      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                     | BDS 2021-FL8                                                          | CUSIP: 05493JAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   6861939 | PA      | $6599373.85   | 0.54%             | 2036-01-18      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                  | Flagship Credit Auto Trust 2021-3                                     | CUSIP: 33846QAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1886122.20   | 0.15%             | 2027-07-15      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan               | New Residential Mortgage Loan Trust 2017-1                            | CUSIP: 64829JAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2683602 | PA      | $2561169.18   | 0.21%             | 2057-02-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL BDC                           | Golub Capital BDC Inc                                                 | CUSIP: 38173MAA0<br>LEI: 2549005WE0QLGK9APF78 | Long             | DBT              | CORP              | US        |   2460000 | PA      | $2387316.86   | 0.20%             | 2024-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| MANUF & TRADERS TRUST CO                    | Manufacturers & Traders Trust Co                                      | CUSIP: 55279HAV2<br>LEI: WWB2V0FCW3A0EE3ZJN75 | Long             | DBT              | CORP              | US        |   6245000 | PA      | $6235807.61   | 0.51%             | 2026-01-27      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                  | CUSIP: 06051GJR1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   6680000 | PA      | $6331745.35   | 0.52%             | 2025-04-22      | Fixed         | 0.98%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                  | CAD/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $225139.18    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | CBOT 5 Year US Treasury Note                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -553 | NC      | $-563507.00   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| AVIATION CAPITAL GROUP                      | Aviation Capital Group LLC                                            | CUSIP: 05369AAF8<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   1980000 | PA      | $1941527.00   | 0.16%             | 2024-01-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac Stacr Remic Trust 2020-HQA2                               | CUSIP: 35565LAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    478912 | PA      | $489709.79    | 0.04%             | 2050-03-25      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| Diamond Issuer LLC                          | Diamond Issuer                                                        | CUSIP: 25267TAN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7650000 | PA      | $6628074.75   | 0.54%             | 2051-11-20      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| Wingstop Funding LLC                        | Wingstop Funding LLC                                                  | CUSIP: 974153AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4455000 | PA      | $3958444.36   | 0.32%             | 2050-12-05      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                      | Blackstone Private Credit Fund                                        | CUSIP: 09261HAB3<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   1690000 | PA      | $1579245.41   | 0.13%             | 2024-09-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                  | CUSIP: 06051GKE8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   7770000 | PA      | $7264088.23   | 0.59%             | 2025-12-06      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd              | Palmer Square Loan Funding 2020-1 Ltd                                 | CUSIP: 69701EAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2910254 | PA      | $2899189.44   | 0.24%             | 2028-02-20      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE                      | Westinghouse Air Brake Technologies Corp                              | CUSIP: 960386AQ3<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |   1340000 | PA      | $1268457.08   | 0.10%             | 2025-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | STACR Trust 2018-HRP1                                                 | CUSIP: 3137G0VC0<br>LEI: 549300D2VO9JVX6KU482 | Long             | ABS-MBS          | CORP              | US        |    404547 | PA      | $404565.01    | 0.03%             | 2043-04-25      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                    | Sumitomo Mitsui Financial Group Inc                                   | CUSIP: 86562MCT5<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   6385000 | PA      | $6487797.61   | 0.53%             | 2026-01-13      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2019-HRP1                         | CUSIP: 20754PAD2<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | CORP              | US        |   4100000 | PA      | $3939791.68   | 0.32%             | 2039-11-25      | Floating      | 13.76%                | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                      | General Motors Financial Co Inc                                       | CUSIP: 37045XDM5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   3860000 | PA      | $3608292.49   | 0.29%             | 2024-10-15      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| NBN CO LTD                                  | NBN Co Ltd                                                            | CUSIP: 62878U2C5<br>LEI: 2549007CRZ2NT7S96A24 | Long             | DBT              | CORP              | AU        |   3810000 | PA      | $3543172.67   | 0.29%             | 2024-10-08      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                    | Volkswagen Group of America Finance LLC                               | CUSIP: 928668BR2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1605000 | PA      | $1567054.67   | 0.13%             | 2025-06-06      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Oaktown Re Ltd                              | Oaktown Re VII Ltd                                                    | CUSIP: 67389JAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |   3000000 | PA      | $2969360.40   | 0.24%             | 2034-04-25      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                               | Nordstrom Inc                                                         | CUSIP: 655664AX8<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $950235.00    | 0.08%             | 2024-04-08      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                      | CUSIP: 91282CEX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6485000 | PA      | $6348713.70   | 0.52%             | 2024-06-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2020-VKNG                                | CUSIP: 12433YAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4536000 | PA      | $4444934.36   | 0.36%             | 2037-10-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Home Re Ltd                                 | Home RE 2021-2 Ltd                                                    | CUSIP: 43730VAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |   1302101 | PA      | $1300429.13   | 0.11%             | 2034-01-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                     | Hyundai Capital America                                               | CUSIP: 44891ABM8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1760000 | PA      | $1716243.51   | 0.14%             | 2023-09-18      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                | Barclays PLC                                                          | CUSIP: 06738EBQ7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   3610000 | PA      | $3474306.85   | 0.28%             | 2024-12-10      | Fixed         | 1.01%                 | No            |                  2 | On Loan: No      |
| BRIGHTHSE FIN GLBL FUND                     | Brighthouse Financial Global Funding                                  | CUSIP: 10921U2A5<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |   1430000 | PA      | $1355113.27   | 0.11%             | 2024-04-12      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                     | BPCE SA                                                               | CUSIP: 05583JAN2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   3245000 | PA      | $3284271.64   | 0.27%             | 2027-01-18      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, NA - CACL              | JPMorgan Chase Bank NA - CACLN                                        | CUSIP: 48128U2N8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    245667 | PA      | $235616.84    | 0.02%             | 2028-12-26      | Fixed         | 0.97%                 | No            |                  2 | On Loan: No      |
| MERITAGE HOMES CORP                         | Meritage Homes Corp                                                   | CUSIP: 59001AAY8<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1388845.80   | 0.11%             | 2025-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                     | BDS 2020-FL5 LTD                                                      | CUSIP: 05492QAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1317953 | PA      | $1319748.53   | 0.11%             | 2037-02-16      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| PELABUHAN INDO PERSERO                      | Pelabuhan Indonesia Persero PT                                        | CUSIP: 69370TAB9<br>LEI: 254900Y6SH3NRN1A8R64 | Long             | DBT              | CORP              | ID        |   3155000 | PA      | $3149599.93   | 0.26%             | 2023-05-02      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                         | JPMorgan Chase & Co                                                   | CUSIP: 46647PBS4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1701043.33   | 0.14%             | 2024-09-16      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | STACR Trust 2018-HRP2                                                 | CUSIP: 35564ACC3<br>LEI: 549300YG8OJES76WL398 | Long             | ABS-MBS          | CORP              | US        |    650000 | PA      | $698310.99    | 0.06%             | 2047-02-25      | Floating      | 15.01%                | No            |                  2 | On Loan: No      |
| RENESAS ELECTRONICS CORP                    | Renesas Electronics Corp                                              | CUSIP: 75972BAA9<br>LEI: 5299000EPC47VJQOFB81 | Long             | DBT              | CORP              | JP        |   5225000 | PA      | $4831985.32   | 0.39%             | 2024-11-26      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| INFOR INC                                   | Infor Inc                                                             | CUSIP: 45674CAB9<br>LEI: 549300Q3IIYBYI4RHD64 | Long             | DBT              | CORP              | US        |   1660000 | PA      | $1624848.02   | 0.13%             | 2023-07-15      | Fixed         | 1.45%                 | 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        |   3350000 | PA      | $2991181.50   | 0.24%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR Trust 2019-DNA4                                     | CUSIP: 35565AAH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    232117 | PA      | $232156.67    | 0.02%             | 2049-10-25      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Private Education Refi Loan Trust 2021-F                      | CUSIP: 63942GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5773156 | PA      | $4944020.63   | 0.40%             | 2070-02-18      | Fixed         | 1.11%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2018-B6 Mortgage Trust                                      | CUSIP: 08162CAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        | 121519183 | PA      | $1767581.58   | 0.14%             | 2051-10-10      | Variable      | 0.41%                 | No            |                  2 | On Loan: No      |
| Greystone Commercial Real Esta              | Greystone CRE Notes 2021-HC2 LTD                                      | CUSIP: 39809XAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3750000 | PA      | $3669742.50   | 0.30%             | 2039-12-15      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                     | Hyundai Capital America                                               | CUSIP: 44891ABY2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   3675000 | PA      | $3433670.84   | 0.28%             | 2024-09-17      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr              | SOFI PROFESSIONAL LOAN PROGRAM 2021-A TRUST                           | CUSIP: 83405YAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4331958 | PA      | $3688689.21   | 0.30%             | 2043-08-17      | Fixed         | 1.03%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                         | CUSIP: 172967NX5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4645000 | PA      | $4721118.64   | 0.39%             | 2026-09-29      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                          | Royalty Pharma PLC                                                    | CUSIP: 78081BAG8<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    960000 | PA      | $935845.61    | 0.08%             | 2023-09-02      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| FIRST REPUBLIC BANK                         | First Republic Bank/CA                                                | CUSIP: 33616CHQ6<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | DBT              | CORP              | US        |   1935000 | PA      | $1930109.44   | 0.16%             | 2024-02-12      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| VW CREDIT CANADA INC                        | VW Credit Canada Inc                                                  | CUSIP: 918423AQ7<br>LEI: 5493008EKOD7VIY3LM85 | Long             | DBT              | CORP              | CA        |   6000000 | PA      | $4498049.68   | 0.37%             | 2023-03-29      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Flexential Issuer, LLC                      | Flexential Issuer 2021-1                                              | CUSIP: 33938MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5250000 | PA      | $4762049.78   | 0.39%             | 2051-11-27      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC                        | Freeport-McMoRan Inc                                                  | CUSIP: 35671DBL8<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1365210.10   | 0.11%             | 2024-11-14      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                              | Morgan Stanley                                                        | CUSIP: 61747YEA9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   4950000 | PA      | $4649007.38   | 0.38%             | 2025-05-30      | Fixed         | 0.79%                 | No            |                  2 | On Loan: No      |
| KEY BANK NA                                 | KeyBank NA/Cleveland OH                                               | CUSIP: 49327M3G7<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   1220000 | PA      | $1221952.52   | 0.10%             | 2026-01-26      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                     | CARS-DB5 LP                                                           | CUSIP: 12510HAK6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8683859 | PA      | $7569753.61   | 0.62%             | 2051-08-15      | Fixed         | 1.44%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                    | Sabine Pass Liquefaction LLC                                          | CUSIP: 785592AJ5<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |   6812000 | PA      | $6852635.15   | 0.56%             | 2024-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                       | Icahn Enterprises LP / Icahn Enterprises Finance Corp                 | CUSIP: 451102BW6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2050000 | PA      | $2003875.00   | 0.16%             | 2024-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association              | CAD/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $114389.69    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                          | Ally Financial Inc                                                    | CUSIP: 02005NBH2<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1890000 | PA      | $1852667.57   | 0.15%             | 2024-05-21      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                     | Hyundai Capital America                                               | CUSIP: 44891ABV8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3773014.24   | 0.31%             | 2024-06-14      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                             | SBA Tower Trust                                                       | CUSIP: 78403DAT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3323095.44   | 0.27%             | 2026-11-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| GRAY OAK PIPELINE LLC                       | Gray Oak Pipeline LLC                                                 | CUSIP: 38937LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3619000 | PA      | $3536588.13   | 0.29%             | 2023-09-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor              | J.P. Morgan Chase Commercial Mortgage Securities Trust 2019-MFP       | CUSIP: 46651MAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4895277.50   | 0.40%             | 2036-07-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                    | Ford Motor Credit Co LLC                                              | CUSIP: 345397B85<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   5450000 | PA      | $5060366.20   | 0.41%             | 2025-02-10      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                         | Elevance Health Inc                                                   | CUSIP: 28622HAA9<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   2455000 | PA      | $2457611.92   | 0.20%             | 2026-02-08      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                            | T-Mobile USA Inc                                                      | CUSIP: 87264ABR5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    865000 | PA      | $802936.60    | 0.07%             | 2026-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                    | EQT Corp                                                              | CUSIP: 26884LAP4<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   1595000 | PA      | $1598796.10   | 0.13%             | 2025-10-01      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl              | Santander Drive Auto Receivables Trust 2022-3                         | CUSIP: 80285UAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5150000 | PA      | $5069799.57   | 0.41%             | 2026-12-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| CLNC 2019-FL1, Ltd                          | CLNC 2019-FL1 Ltd                                                     | CUSIP: 12565DAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1962792 | PA      | $1935137.73   | 0.16%             | 2035-08-20      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable              | Westlake Automobile Receivables Trust 2021-3                          | CUSIP: 96043JAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1833949.40   | 0.15%             | 2027-01-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                      | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC | CUSIP: 013092AD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6780000 | PA      | $6780711.90   | 0.55%             | 2023-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                     | TRTX 2019-FL3 Issuer Ltd                                              | CUSIP: 87276VAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   5527081 | PA      | $5518652.62   | 0.45%             | 2034-10-15      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan               | New Residential Mortgage Loan Trust 2017-4                            | CUSIP: 64829NAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1709522 | PA      | $1612427.74   | 0.13%             | 2057-05-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC                         | Quanta Services Inc                                                   | CUSIP: 74762EAG7<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |   1655000 | PA      | $1541091.41   | 0.13%             | 2024-10-01      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                     | Teva Pharmaceutical Finance Netherlands III BV                        | CUSIP: 88167AAL5<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   1100000 | PA      | $1097937.50   | 0.09%             | 2024-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                      | VICI Properties LP / VICI Note Co Inc                                 | CUSIP: 92564RAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1619726.00   | 0.13%             | 2025-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                      | CUSIP: 91282CDH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10145000 | PA      | $9528374.22   | 0.78%             | 2024-11-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Fannie Mae Connecticut Avenue Securities                              | CUSIP: 20754KAB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |  13150000 | PA      | $12465230.85  | 1.02%             | 2041-11-25      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr              | SoFi Professional Loan Program 2021-B Trust                           | CUSIP: 83405NAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6960095 | PA      | $5927096.01   | 0.48%             | 2047-02-15      | Fixed         | 1.14%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin              | Santander Bank NA - SBCLN                                             | CUSIP: 80290CAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1243811 | PA      | $1202951.44   | 0.10%             | 2031-12-15      | Fixed         | 1.83%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                    | AerCap Ireland Capital DAC / AerCap Global Aviation Trust             | CUSIP: 00774MAT2<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   5755000 | PA      | $5586045.57   | 0.46%             | 2023-10-29      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                  | CUSIP: 06051GJH3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3845000 | PA      | $3719960.25   | 0.30%             | 2024-10-24      | Fixed         | 0.81%                 | No            |                  2 | On Loan: No      |
| TRITON CONTAINER                            | Triton Container International Ltd                                    | CUSIP: 89680YAD7<br>LEI: 549300O4LZFLCX53XZ54 | Long             | DBT              | CORP              | BM        |   2805000 | PA      | $2725566.69   | 0.22%             | 2023-08-01      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                      | PNC Financial Services Group Inc/The                                  | CUSIP: 693475BL8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   3410000 | PA      | $3416833.54   | 0.28%             | 2027-01-26      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| DataBank Issuer LLC                         | DataBank Issuer                                                       | CUSIP: 23802WAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5200000 | PA      | $4622598.24   | 0.38%             | 2051-10-25      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| GENTING NY LLC/GENNY CAP                    | Genting New York LLC / GENNY Capital Inc                              | CUSIP: 37255JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1785000 | PA      | $1598432.30   | 0.13%             | 2026-02-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                    | Plains All American Pipeline LP / PAA Finance Corp                    | CUSIP: 72650RBF8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3904420.72   | 0.32%             | 2024-11-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                      | CUSIP: 91282CEQ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  24985000 | PA      | $24271561.07  | 1.98%             | 2025-05-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Regatta II Funding LP                       | Regatta Funding LP 2013-2A                                            | CUSIP: 75885WBA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4688971 | PA      | $4654657.44   | 0.38%             | 2029-01-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR Remic Trust 2020-DNA2                               | CUSIP: 35565KAH1<br>LEI: 5493007ZK0X40BI7UF30 | Long             | ABS-MBS          | CORP              | US        |    429200 | PA      | $428529.24    | 0.04%             | 2050-02-25      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2021-HQA1                               | CUSIP: 35564KBK4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    516896 | PA      | $516133.21    | 0.04%             | 2033-08-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                       | Wells Fargo & Co                                                      | CUSIP: 95000U3C5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3525000 | PA      | $3492026.30   | 0.29%             | 2026-08-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Dewolf Park clo, ltd                        | Dewolf Park CLO Ltd                                                   | CUSIP: 25211AAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  15900000 | PA      | $15748950.00  | 1.29%             | 2030-10-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                | Drive Auto Receivables Trust 2020-1                                   | CUSIP: 26208QAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    204735 | PA      | $204532.07    | 0.02%             | 2026-03-16      | Fixed         | 2.36%                 | No            |                  2 | On Loan: No      |
| AKER BP ASA                                 | Aker BP ASA                                                           | CUSIP: 00973RAG8<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |   3725000 | PA      | $3515500.64   | 0.29%             | 2026-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin              | Santander Bank Auto Credit-Linked Notes Series 2022-B                 | CUSIP: 80290CAZ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2228261 | PA      | $2210092.93   | 0.18%             | 2032-08-16      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                     | National Bank of Canada                                               | CUSIP: 63307A2T1<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   3045000 | PA      | $3065861.42   | 0.25%             | 2025-01-17      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                | Credit Suisse Mortgage Capital Certificates 2019-ICE4                 | CUSIP: 12653VAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2860000 | PA      | $2832979.86   | 0.23%             | 2036-05-15      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                         | LCM XX LP                                                             | CUSIP: 50188WAE8<br>LEI: 549300VQTTD2PAP2Y421 | Long             | ABS-CBDO         | CORP              | KY        |   1080796 | PA      | $1077424.29   | 0.09%             | 2027-10-20      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| ISTAR INC                                   | iStar Inc                                                             | CUSIP: 45031UCF6<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | DBT              | CORP              | US        |    655000 | PA      | $651888.75    | 0.05%             | 2024-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SKYWORKS SOLUTIONS INC                      | Skyworks Solutions Inc                                                | CUSIP: 83088MAJ1<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | DBT              | CORP              | US        |    560000 | PA      | $551392.74    | 0.05%             | 2023-06-01      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| RADIAN GROUP INC                            | Radian Group Inc                                                      | CUSIP: 750236AX9<br>LEI: 54930005OUP720S5U385 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1381677.89   | 0.11%             | 2025-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BRIGHTHSE FIN GLBL FUND                     | Brighthouse Financial Global Funding                                  | CUSIP: 10921U2H0<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |   5665000 | PA      | $5264656.66   | 0.43%             | 2025-01-13      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2019-R06                          | CUSIP: 20754JAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     53844 | PA      | $53845.96     | 0.00%             | 2039-09-25      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                          | Regal Rexnord Corp                                                    | CUSIP: 758750AC7<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   2945000 | PA      | $2993931.79   | 0.24%             | 2026-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                    | Vistra Operations Co LLC                                              | CUSIP: 92840VAD4<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3674199.21   | 0.30%             | 2024-07-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                      | CUSIP: 91282CFX4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  48500000 | PA      | $48664824.34  | 3.98%             | 2024-11-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                  | goeasy Ltd                                                            | CUSIP: 380355AD9<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |   1380000 | PA      | $1322978.40   | 0.11%             | 2024-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                      | Aviation Capital Group LLC                                            | CUSIP: 05369AAC5<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   3420000 | PA      | $3399648.26   | 0.28%             | 2023-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                                    | BXMT 2021-FL4 Ltd                                                     | CUSIP: 05609GAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7050000 | PA      | $6953950.80   | 0.57%             | 2038-05-15      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                    | Vistra Operations Co LLC                                              | CUSIP: 92840VAK8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1415000 | PA      | $1398288.85   | 0.11%             | 2024-05-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac Structured Agency Credit Risk Debt Notes                  | CUSIP: 3137G0TF6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |   1450000 | PA      | $1495426.76   | 0.12%             | 2042-12-25      | Floating      | 9.11%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac Stacr Remic Trust 2020-DNA1                               | CUSIP: 35565HAH8<br>LEI: 5493003FQV7GR462GO02 | Long             | ABS-MBS          | CORP              | US        |    380749 | PA      | $379935.61    | 0.03%             | 2050-01-25      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| HCA INC                                     | HCA Inc                                                               | CUSIP: 404119BR9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1385813.26   | 0.11%             | 2025-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                      | CUSIP: 9128284S6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19731000 | PA      | $19597207.64  | 1.60%             | 2023-05-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                    | Microchip Technology Inc                                              | CUSIP: 595017BB9<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   6075000 | PA      | $5816731.40   | 0.48%             | 2024-02-15      | Fixed         | 0.97%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | CBOT 2 Year US Treasury Note                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       385 | NC      | $72403.29     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2019-R07                          | CUSIP: 20753WAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    228166 | PA      | $228202.71    | 0.02%             | 2039-10-25      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| ONE Park Mortgage Trust                     | ONE 2021-PARK Mortgage Trust                                          | CUSIP: 682413AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8450000 | PA      | $8116087.27   | 0.66%             | 2036-03-15      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                     | BPCE SA                                                               | CUSIP: 05578QAA1<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   3791000 | PA      | $3789476.66   | 0.31%             | 2023-10-22      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Tru              | OneMain Financial Issuance Trust 2021-1                               | CUSIP: 68269MAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8400000 | PA      | $8195860.68   | 0.67%             | 2036-06-16      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Tru              | OneMain Financial Issuance Trust 2022-2                               | CUSIP: 68268VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6500000 | PA      | $6419030.80   | 0.52%             | 2034-10-14      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                      | CUSIP: 91282CDZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  46201000 | PA      | $43793494.53  | 3.58%             | 2025-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                      | General Motors Financial Co Inc                                       | CUSIP: 37045XDG8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2870564.67   | 0.23%             | 2024-03-08      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                      | CUSIP: 91282CFE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3075000 | PA      | $3011578.13   | 0.25%             | 2025-08-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| FIRST-CITIZENS BANK/TRST                    | First-Citizens Bank & Trust Co                                        | CUSIP: 12556LBJ4<br>LEI: L9VVX1KT5TFTKS0MLF66 | Long             | DBT              | CORP              | US        |   2030000 | PA      | $1941696.06   | 0.16%             | 2025-09-27      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| QORVO INC                                   | Qorvo Inc                                                             | CUSIP: 74739DAA2<br>LEI: 254900YAUJV2EUEVBR11 | Long             | DBT              | CORP              | US        |   2610000 | PA      | $2445074.10   | 0.20%             | 2024-12-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer LL              | Stack Infrastructure Issuer LLC                                       | CUSIP: 85236KAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4410000 | PA      | $4017505.59   | 0.33%             | 2045-08-25      | Fixed         | 1.89%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                        | Glencore Funding LLC                                                  | CUSIP: 378272AH1<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   8300000 | PA      | $8242114.80   | 0.67%             | 2024-04-29      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TRI POINTE GROUP / HOMES                    | TRI Pointe Group Inc / TRI Pointe Homes Inc                           | CUSIP: 962178AN9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1376805.30   | 0.11%             | 2024-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BMW Canada Auto Trust                       | BMW Canada Auto Trust                                                 | CUSIP: 05570XBT2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |   6100747 | PA      | $4529468.09   | 0.37%             | 2024-07-20      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                              | Var Energi ASA                                                        | CUSIP: 92212WAD2<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |   1550000 | PA      | $1621076.65   | 0.13%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2020-SBT1                         | CUSIP: 20753VCZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $907758.90    | 0.07%             | 2040-02-25      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST EARTHQUAKE AUTH               | California Earthquake Authority                                       | CUSIP: 13017HAP1<br>LEI: 254900P2MGLOUH3QS859 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3058312.68   | 0.25%             | 2027-07-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2020-R01                          | CUSIP: 20754CAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    396203 | PA      | $396443.08    | 0.03%             | 2040-01-25      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| TOLL BROS FINANCE CORP                      | Toll Brothers Finance Corp                                            | CUSIP: 88947EAN0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    855000 | PA      | $851355.13    | 0.07%             | 2023-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan               | New Residential Mortgage Loan Trust 2017-3                            | CUSIP: 64828MAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1979484 | PA      | $1896264.89   | 0.15%             | 2057-04-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                     | Nissan Motor Acceptance Co LLC                                        | CUSIP: 654740BQ1<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   6545000 | PA      | $6206517.08   | 0.51%             | 2024-03-08      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| Provident Funding Mortgage Tru              | Provident Funding Mortgage Trust 2020-F1                              | CUSIP: 74387TAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4364264 | PA      | $3813329.22   | 0.31%             | 2036-01-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                      | GE HealthCare Technologies Inc                                        | CUSIP: 36267VAC7<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   7245000 | PA      | $7368037.92   | 0.60%             | 2025-11-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| DataBank Issuer LLC                         | DataBank Issuer                                                       | CUSIP: 23802WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2900000 | PA      | $2610905.96   | 0.21%             | 2051-02-27      | Fixed         | 2.06%                 | No            |                  2 | On Loan: No      |
| Bristol Park CLO, Ltd.                      | Bristol Park CLO LTD                                                  | CUSIP: 11014PAJ4<br>LEI: 549300XRS6MFERKEPO61 | Long             | ABS-CBDO         | CORP              | KY        |  10039327 | PA      | $9974965.29   | 0.82%             | 2029-04-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer LL              | Stack Infrastructure Issuer LLC                                       | CUSIP: 85236KAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4515917 | PA      | $4418852.36   | 0.36%             | 2044-02-25      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| SMBC AVIATION CAPITAL FI                    | SMBC Aviation Capital Finance DAC                                     | CUSIP: 78448TAD4<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |   8000000 | PA      | $7947494.96   | 0.65%             | 2023-07-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Private Education Refi Loan Trust 2022-A                      | CUSIP: 63942MAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6060655 | PA      | $5407796.32   | 0.44%             | 2070-07-15      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                    | Warnermedia Holdings Inc                                              | CUSIP: 55903VAC7<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   2590000 | PA      | $2535483.01   | 0.21%             | 2024-03-15      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                       | Civitas Resources Inc                                                 | CUSIP: 097793AE3<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    980000 | PA      | $915109.30    | 0.07%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                    | Vantage Data Centers Issuer LLC                                       | CUSIP: 92212KAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2366292 | PA      | $2268256.13   | 0.19%             | 2044-07-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| CITIZENS BANK NA/RI                         | Citizens Bank NA/Providence RI                                        | CUSIP: 75524KPT5<br>LEI: DRMSV1Q0EKMEXLAU1P80 | Long             | DBT              | CORP              | US        |   2540000 | PA      | $2577719.20   | 0.21%             | 2025-10-24      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac Structured Agency Credit Risk Debt Notes                  | CUSIP: 3137G0PS2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |   1109639 | PA      | $1140565.75   | 0.09%             | 2029-10-25      | Floating      | 15.76%                | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                              | Air Lease Corp                                                        | CUSIP: 00914AAP7<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   2190000 | PA      | $2041071.42   | 0.17%             | 2024-08-18      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| PENSKE AUTOMOTIVE GROUP                     | Penske Automotive Group Inc                                           | CUSIP: 70959WAJ2<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1308481.50   | 0.11%             | 2025-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                    | Madison Park Funding XXV Ltd                                          | CUSIP: 55820RAJ1<br>LEI: 254900B0583OW8RQ8N33 | Long             | ABS-CBDO         | CORP              | KY        |  14908358 | PA      | $14747198.55  | 1.21%             | 2029-04-25      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| OWL ROCK TECHNOLOGY FINA                    | Owl Rock Technology Finance Corp                                      | CUSIP: 691205AE8<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |   1520000 | PA      | $1344710.85   | 0.11%             | 2026-06-17      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                    | Graphic Packaging International LLC                                   | CUSIP: 38869PAM6<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    580000 | PA      | $571355.10    | 0.05%             | 2024-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                  | CAD/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $133287.31    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                      | CUSIP: 91282CEY3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  84990000 | PA      | $82998046.88  | 6.78%             | 2025-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                  | USD/GBP FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-1908.65     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                              | Morgan Stanley                                                        | CUSIP: 6174468R3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2230000 | PA      | $2067401.96   | 0.17%             | 2025-10-21      | Fixed         | 0.86%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                      | CUSIP: 91282CCG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $3773437.52   | 0.31%             | 2024-06-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2022-R08                          | CUSIP: 20755DAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2753777 | PA      | $2785186.61   | 0.23%             | 2042-07-25      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                      | Daimler Truck Finance North America LLC                               | CUSIP: 233853AN0<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   2565000 | PA      | $2579198.15   | 0.21%             | 2025-01-17      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| RELIANCE STAND LIFE II                      | Reliance Standard Life Global Funding II                              | CUSIP: 75951AAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4400000 | PA      | $4366874.25   | 0.36%             | 2023-09-19      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin              | Santander Bank Auto Credit-Linked Notes Series 2022-A                 | CUSIP: 80290CAS3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3373392 | PA      | $3296694.45   | 0.27%             | 2032-05-15      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY OPERATING                    | NextEra Energy Operating Partners LP                                  | CUSIP: 65342QAK8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   3195000 | PA      | $3124273.24   | 0.26%             | 2024-07-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST EARTHQUAKE AUTH               | California Earthquake Authority                                       | CUSIP: 13017HAM8<br>LEI: 254900P2MGLOUH3QS859 | Long             | DBT              | MUN               | US        |  10600000 | PA      | $10595366.10  | 0.87%             | 2023-07-01      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Barings CLO Ltd                             | Barings CLO Ltd 2013-I                                                | CUSIP: 06760EAA4<br>LEI: 54930079SUKCXYW8DR07 | Long             | ABS-CBDO         | CORP              | KY        |    723898 | PA      | $720123.11    | 0.06%             | 2028-01-20      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| CHC Commercial Mortgage Trust               | CHC Commercial Mortgage Trust 2019 - CHC                              | CUSIP: 162665AL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9002025 | PA      | $8357972.09   | 0.68%             | 2034-06-15      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                | Drive Auto Receivables Trust 2021-3                                   | CUSIP: 262081AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5950000 | PA      | $5809114.12   | 0.47%             | 2026-05-15      | Fixed         | 1.11%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT                    | Element Fleet Management Corp                                         | CUSIP: 286181AF9<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |   3345000 | PA      | $3190833.57   | 0.26%             | 2024-04-06      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                      | Mitsubishi UFJ Financial Group Inc                                    | CUSIP: 606822BW3<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |  12090000 | PA      | $11334626.71  | 0.93%             | 2025-07-19      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| Payden Cash Reserves Money Market Fund      | Payden Cash Reserves Money Market Fund                                | CUSIP: 704329598<br>LEI: 549300SI0EB26HO5RT16 | Long             | STIV             | RF                | US        |   5932733 | NS      | $5932733.37   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Stack Infrastructure Issuer LL              | Stack Infrastructure Issuer LLC                                       | CUSIP: 85236KAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2400000 | PA      | $2134744.08   | 0.17%             | 2046-03-26      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                   | Boeing Co/The                                                         | CUSIP: 097023DE2<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   7060000 | PA      | $6805758.95   | 0.56%             | 2024-02-04      | Fixed         | 1.43%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac Stacr Remic Trust 2019-Hqa4                               | CUSIP: 35565CAH9<br>LEI: 5493005LAQ76UDHPEE03 | Long             | ABS-MBS          | CORP              | US        |    177888 | PA      | $177905.56    | 0.01%             | 2049-11-25      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term               | GM Financial Consumer Automobile Receivables Trust 2020-1             | CUSIP: 36258NAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1290000 | PA      | $1256787.79   | 0.10%             | 2025-05-16      | Fixed         | 2.18%                 | No            |                  2 | On Loan: No      |
| Greystone Commercial Real Esta              | Greystone CRE Notes 2019-FL2 Ltd                                      | CUSIP: 39809LAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5443352 | PA      | $5347265.57   | 0.44%             | 2037-09-15      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                     | Goldman Sachs Group Inc/The                                           | CUSIP: 38141GXS8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3300238.04   | 0.27%             | 2026-02-12      | Fixed         | 0.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2019-HRP1                         | CUSIP: 20754PAC4<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | CORP              | US        |   3645382 | PA      | $3617429.55   | 0.30%             | 2039-11-25      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| ALEXANDER FUNDING TRUST                     | Alexander Funding Trust                                               | CUSIP: 014621AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5835000 | PA      | $5626802.18   | 0.46%             | 2023-11-15      | Fixed         | 1.84%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                       | Wells Fargo & Co                                                      | CUSIP: 95000U2X0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   5365000 | PA      | $5242922.54   | 0.43%             | 2026-04-25      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage               | Citigroup COmmercial Mortgage Trust 2018-C6                           | CUSIP: 17327GAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  44171302 | PA      | $1496210.09   | 0.12%             | 2051-11-10      | Variable      | 0.77%                 | No            |                  2 | On Loan: No      |
| Radnor Re LTD                               | Radnor RE 2021-2 Ltd                                                  | CUSIP: 75049GAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |   1265426 | PA      | $1252210.59   | 0.10%             | 2031-11-25      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac REMICS                                                    | CUSIP: 3137F7L37<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8740160 | PA      | $7887090.97   | 0.64%             | 2054-04-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-29

**Name of Applicant:** PAYDEN & RYGEL INVESTMENT GROUP

**Signature:** Sandi Brents

**Name of Signer:** Sandi Brents

**Title:** Compliance Officer