# EDGAR Filing Document

**Accession Number:** 0000906185
**File Stem:** 0000906185-26-000050
**Filing Date:** 2026-5
**Character Count:** 441983
**Document Hash:** 963c2f59752a7c638deedc2aead429de
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000906185-26-000050.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0000906185-26-000050

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JANUS ASPEN SERIES
- **CENTRAL INDEX KEY:** 0000906185

**ORGANIZATION NAME:**
- **EIN:** 841235540
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07736
- **FILM NUMBER:** 261042065

**BUSINESS ADDRESS:**
- **STREET 1:** 151 DETROIT STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206
- **BUSINESS PHONE:** 3033333863

**MAIL ADDRESS:**
- **STREET 1:** 151 DETROIT STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206

## Series and Classes Contracts Data

### Janus Henderson Flexible Bond Portfolio (Series ID: S000010404)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000028733 | Service Shares       |  |
| C000028734 | Institutional Shares | JAFLX           |

## Nport-Ex

**Janus Henderson VIT Flexible Bond Portfolio**

**Schedule of Investments (unaudited)**

**March 31, 2026**

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

---

| | | |
|:---|:---|:---|
|  | *Shares or* <br>*Principal Amounts*<br>| *Value* |
| Asset-Backed/Commercial Mortgage-Backed Securities – 34.0% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 208 Park Avenue Mortgage Trust 2017-280P, CME Term SOFR 1 Month + <br> 1.1800%, 4.8500%, 9/15/34<sup>ž,</sup><sup>‡</sup> <br>| $629029 | $625894 |
| &nbsp;&nbsp;&nbsp; A&D Mortgage Trust 2024-NQM5 A1, 5.6990%, 11/25/69<sup>ž</sup> <br>| &nbsp;&nbsp; 486375 | &nbsp;&nbsp; 488080 |
| &nbsp;&nbsp;&nbsp; Affirm Master Trust 2025-3A A, 4.4500%, 10/16/34<sup>ž</sup> <br>| &nbsp;&nbsp; 725000 | &nbsp;&nbsp; 722206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AGL CLO 1 Ltd 2023-26A A1R, CME Term SOFR 3 Month + 1.2800%, <br> 4.9497%, 10/21/38<sup>ž,</sup><sup>‡</sup> <br>| 2303000 | 2302961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ALA Trust 2025-OANA A, CME Term SOFR 1 Month + 1.7426%, 5.4156%, <br> 6/15/40<sup>ž,</sup><sup>‡</sup> <br>| 1398000 | 1398293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ALA Trust 2025-OANA B, CME Term SOFR 1 Month + 1.8425%, 5.5155%, <br> 6/15/40<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 478000 | &nbsp;&nbsp; 478119 |
| &nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust I LLC 2019-5, 2.5930%, 10/25/49<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 14421 | &nbsp;&nbsp;&nbsp;&nbsp; 14296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust I LLC 2019-6, Refinitiv USD IBOR Consumer Cash <br> Fallbacks 1 Year + 0.9500%, 2.6200%, 11/25/59<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 11649 | &nbsp;&nbsp;&nbsp;&nbsp; 11528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust I LLC 2020-2, Refinitiv USD IBOR Consumer Cash <br> Fallbacks 1 Year + 2.2000%, 2.5310%, 1/26/65<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 295401 | &nbsp;&nbsp; 278440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust I LLC 2020-3, Refinitiv USD IBOR Consumer Cash <br> Fallbacks 1 Year + 1.0000%, 2.4100%, 4/25/65<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 81040 | &nbsp;&nbsp;&nbsp;&nbsp; 78053 |
| &nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust I LLC 2024-5 A1, 4.9500%, 7/25/68<sup>ž,</sup><sup>Ç</sup> <br>| 1265868 | 1255892 |
| &nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust I LLC 2025-6 A1, 5.5150%, 4/25/70<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 890749 | &nbsp;&nbsp; 894020 |
| &nbsp;&nbsp;&nbsp; Ansley Park Capital LLC 2025-A A2, 4.4300%, 4/20/35<sup>ž</sup> <br>| &nbsp;&nbsp; 589290 | &nbsp;&nbsp; 590089 |
| &nbsp;&nbsp;&nbsp; Aqua Finance Trust 2021-A A, 1.5400%, 7/17/46<sup>ž</sup> <br>| &nbsp;&nbsp; 107427 | &nbsp;&nbsp;&nbsp;&nbsp; 98708 |
| &nbsp;&nbsp;&nbsp; Avis Budget Rental Car Funding AESOP LLC 2023-4A A, 5.4900%, 6/20/29<sup>ž</sup> <br>| &nbsp;&nbsp; 540000 | &nbsp;&nbsp; 550595 |
| &nbsp;&nbsp;&nbsp; Avis Budget Rental Car Funding AESOP LLC 2026-1A A, 4.2800%, 8/20/30<sup>ž</sup> <br>| &nbsp;&nbsp; 340000 | &nbsp;&nbsp; 336985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Babson CLO Ltd LP-5A A, CME Term SOFR 3 Month + 1.2200%, 4.8876%, <br> 1/22/35<sup>ž,</sup><sup>‡</sup> <br>| 1571653 | 1571132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bain Capital Credit CLO Ltd 2023-3A A1R, CME Term SOFR 3 Month + <br> 1.3100%, 4.9780%, 10/25/38<sup>ž,</sup><sup>‡</sup> <br>| 1328000 | 1328587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ballyrock Ltd 2020-14A A1BR, CME Term SOFR 3 Month + 1.5800%, 5.2476%, <br> 7/20/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 270019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BAMLL Commercial Mortgage Securities Trust 2024-FRR2 E, 1.2731%, <br> 7/27/50<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 441000 | &nbsp;&nbsp; 389599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BAMLL Commercial Mortgage Securities Trust 2024-FRR3 E, 0.4732%, <br> 1/27/50<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 563509 | &nbsp;&nbsp; 524249 |
| &nbsp;&nbsp;&nbsp; Bank 2018-BN12 A4, 4.2550%, 5/15/61<sup>‡</sup> <br>| &nbsp;&nbsp; 260123 | &nbsp;&nbsp; 258428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bayview Opportunity Master Fund 2021-4 A11, US 30 Day Average SOFR + <br> 0.8500%, 4.5119%, 10/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 841999 | &nbsp;&nbsp; 784847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bayview Opportunity Master Fund 2021-5 AF, US 30 Day Average SOFR + <br> 0.8500%, 4.5119%, 11/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 843818 | &nbsp;&nbsp; 786749 |
| &nbsp;&nbsp;&nbsp; Bayview Opportunity Master Fund 2022-2 A1, 3.0000%, 12/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 652171 | &nbsp;&nbsp; 564924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bayview Opportunity Master Fund VII 2025-EDU1 B, US 30 Day Average SOFR + <br> 1.7000%, 5.3619%, 7/27/48<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 333340 | &nbsp;&nbsp; 332961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Benefit Street Partners CLO Ltd 2018-15A A1R, CME Term SOFR 3 Month + <br> 1.3900%, 5.0622%, 7/15/37<sup>ž,</sup><sup>‡</sup> <br>| 2122000 | 2122797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Benefit Street Partners CLO Ltd 2025-43A A, CME Term SOFR 3 Month + <br> 1.2700%, 5.0716%, 10/20/38<sup>ž,</sup><sup>‡</sup> <br>| 1880000 | 1878715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BLP Commercial Mortgage Trust 2025-IND A, CME Term SOFR 1 Month + <br> 1.2000%, 4.8725%, 3/15/42<sup>ž,</sup><sup>‡</sup> <br>| 1453158 | 1443166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BLP Commercial Mortgage Trust 2025-IND2 A, CME Term SOFR 1 Month + <br> 1.5000%, 5.1725%, 12/15/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 866000 | &nbsp;&nbsp; 863647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boca Commercial Mortgage Trust 2025-BOCA A, CME Term SOFR 1 Month + <br> 1.6000%, 5.2725%, 12/15/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 990000 | &nbsp;&nbsp; 988955 |
| &nbsp;&nbsp;&nbsp; BPR Trust 2023-BRK2 A, 6.8990%, 10/5/38<sup>ž,</sup><sup>‡</sup> <br>| 1289000 | 1320584 |
| &nbsp;&nbsp;&nbsp; BPR Trust 2024-PMDW A, 5.3580%, 11/5/41<sup>ž,</sup><sup>‡</sup> <br>| 1697946 | 1718543 |
| &nbsp;&nbsp;&nbsp; BPR Trust 2024-PMDW D, 5.8500%, 11/5/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 651000 | &nbsp;&nbsp; 647147 |
| &nbsp;&nbsp;&nbsp; BPR Trust 2025-STAR A, 4.6173%, 11/5/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 744901 |
| &nbsp;&nbsp;&nbsp; Brean Asset Backed Securities Trust 2024-RM8 A1, 4.5000%, 5/25/64<sup>ž</sup> <br>| &nbsp;&nbsp; 806532 | &nbsp;&nbsp; 793106 |
| &nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2019-OC11 B, 3.6050%, 12/9/41<sup>ž</sup> <br>| &nbsp;&nbsp; 222000 | &nbsp;&nbsp; 210179 |
| &nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2019-OC11 C, 3.8560%, 12/9/41<sup>ž</sup> <br>| &nbsp;&nbsp; 614000 | &nbsp;&nbsp; 581693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2021-LBA AJV, CME Term SOFR 1 Month + <br> 1.1645%, 4.8375%, 2/15/36<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 848000 | &nbsp;&nbsp; 846822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2021-LBA AV, CME Term SOFR 1 Month + <br> 1.1645%, 4.8375%, 2/15/36<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 762341 | &nbsp;&nbsp; 761863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-AIR2 A, CME Term SOFR 1 Month + <br> 1.4923%, 5.1653%, 10/15/41<sup>ž,</sup><sup>‡</sup> <br>| 1611423 | 1611413 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Asset-Backed/Commercial Mortgage-Backed Securities – (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-AIRC A, CME Term SOFR 1 Month + <br> 1.6912%, 5.3638%, 8/15/41<sup>ž,</sup><sup>‡</sup> <br>| $1923563 | $1922717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-AIRC C, CME Term SOFR 1 Month + <br> 2.5900%, 6.2625%, 8/15/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 593200 | &nbsp;&nbsp;&nbsp;&nbsp; 593181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-BRBK A, CME Term SOFR 1 Month + <br> 2.8796%, 6.5578%, 10/15/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 720832 | &nbsp;&nbsp;&nbsp;&nbsp; 724657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-GPA3 A, CME Term SOFR 1 Month + <br> 1.2928%, 4.9653%, 12/15/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 796755 | &nbsp;&nbsp;&nbsp;&nbsp; 796438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-GPA3 B, CME Term SOFR 1 Month + <br> 1.6423%, 5.3148%, 12/15/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 366971 | &nbsp;&nbsp;&nbsp;&nbsp; 366971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-VLT4 A, CME Term SOFR 1 Month + <br> 1.4914%, 5.1639%, 6/15/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1494815 | &nbsp;&nbsp; 1485520 |
| &nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-VLT5 A, 5.0497%, 11/13/46<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1102000 | &nbsp;&nbsp; 1092654 |
| &nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-VLT5 B, 5.4147%, 11/13/46<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 251000 | &nbsp;&nbsp;&nbsp;&nbsp; 250524 |
| &nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2025-ARIA A, 5.0311%, 12/13/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1558000 | &nbsp;&nbsp; 1566583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2025-DIME A, CME Term SOFR 1 Month + <br> 1.1500%, 4.8225%, 2/15/35<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1452000 | &nbsp;&nbsp; 1440825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2025-GW A, CME Term SOFR 1 Month + <br> 1.6000%, 5.2730%, 7/15/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 608000 | &nbsp;&nbsp;&nbsp;&nbsp; 607447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2025-GW B, CME Term SOFR 1 Month + <br> 1.8500%, 5.5230%, 7/15/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1662000 | &nbsp;&nbsp; 1658387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2025-ROIC A, CME Term SOFR 1 Month + <br> 1.1438%, 4.8163%, 3/15/30<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1788061 | &nbsp;&nbsp; 1778638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2025-ROIC B, CME Term SOFR 1 Month + <br> 1.3935%, 5.0660%, 3/15/30<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 391382 | &nbsp;&nbsp;&nbsp;&nbsp; 388046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2025-VLT7 A, CME Term SOFR 1 Month + <br> 1.7000%, 5.3725%, 7/15/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2820000 | &nbsp;&nbsp; 2805413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2026-CSMO A, CME Term SOFR 1 Month + <br> 1.4000%, 5.0725%, 2/15/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1257000 | &nbsp;&nbsp; 1255704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2026-CSMO B, CME Term SOFR 1 Month + <br> 1.7000%, 5.3725%, 2/15/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 437000 | &nbsp;&nbsp;&nbsp;&nbsp; 436817 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2026-CSMO C, CME Term SOFR 1 Month + <br> 2.0000%, 5.6725%, 2/15/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 273000 | &nbsp;&nbsp;&nbsp;&nbsp; 272702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carlyle Global Markets Strategies 2018-4A A2R, CME Term SOFR 3 Month + <br> 1.5600%, 5.2276%, 10/19/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1898000 | &nbsp;&nbsp; 1902453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carlyle Global Markets Strategies 2023-2A A1R, CME Term SOFR 3 Month + <br> 1.3200%, 4.9876%, 7/20/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2014000 | &nbsp;&nbsp; 2015429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CART 2024-DFW1 A, CME Term SOFR 1 Month + 1.6417%, 5.3142%, <br> 8/15/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 993000 | &nbsp;&nbsp;&nbsp;&nbsp; 986253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CART 2024-DFW1 B, CME Term SOFR 1 Month + 2.2908%, 5.9633%, <br> 8/15/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 729739 | &nbsp;&nbsp;&nbsp;&nbsp; 726289 |
| &nbsp;&nbsp;&nbsp; Castle Hill INGOTS Ltd 2026-GATE3 A, 4.6945%, 2/10/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 298000 | &nbsp;&nbsp;&nbsp;&nbsp; 295084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CBAMR Ltd 2018-5A A1R, CME Term SOFR 3 Month + 1.3400%, 5.4523%, <br> 10/18/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 892000 | &nbsp;&nbsp;&nbsp;&nbsp; 892213 |
| &nbsp;&nbsp;&nbsp; CF Hippolyta Issuer LLC 2020-1 B1, 2.2800%, 7/15/60<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 134918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85986 |
| &nbsp;&nbsp;&nbsp; CF Hippolyta Issuer LLC 2021-1A A1, 1.5300%, 3/15/61<sup>ž</sup> <br>| &nbsp;&nbsp; 1111287 | &nbsp;&nbsp;&nbsp;&nbsp; 897283 |
| &nbsp;&nbsp;&nbsp; CF Hippolyta Issuer LLC 2021-1A B1, 1.9800%, 3/15/61<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 321375 | &nbsp;&nbsp;&nbsp;&nbsp; 193124 |
| &nbsp;&nbsp;&nbsp; CF Hippolyta Issuer LLC 2022-1A A1, 5.9700%, 8/15/62<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 995571 | &nbsp;&nbsp;&nbsp;&nbsp; 981180 |
| &nbsp;&nbsp;&nbsp; CF Hippolyta Issuer LLC 2022-1A A2, 6.1100%, 8/15/62<sup>ž</sup> <br>| &nbsp;&nbsp; 2938929 | &nbsp;&nbsp; 2857063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chase Mortgage Finance Corp 2021-CL1 M1, US 30 Day Average SOFR + <br> 1.2000%, 4.8619%, 2/25/50<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 409309 | &nbsp;&nbsp;&nbsp;&nbsp; 399542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CIFC Funding Ltd 2019-7A A1R, CME Term SOFR 3 Month + 1.2800%, <br> 4.9476%, 10/19/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1469000 | &nbsp;&nbsp; 1469000 |
| &nbsp;&nbsp;&nbsp; Citigroup Mortgage Loan Trust Inc 2025-LTV1 A1, 5.2370%, 12/25/55<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1160612 | &nbsp;&nbsp; 1156010 |
| &nbsp;&nbsp;&nbsp; Compass Datacenters Issuer II LLC 2024-2A A1, 5.0220%, 8/25/49<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 201000 | &nbsp;&nbsp;&nbsp;&nbsp; 200341 |
| &nbsp;&nbsp;&nbsp; Compass Datacenters Issuer II LLC 2025-1A A1, 5.3160%, 5/25/50<sup>ž</sup> <br>| &nbsp;&nbsp; 3544000 | &nbsp;&nbsp; 3543563 |
| &nbsp;&nbsp;&nbsp; Compass Datacenters Issuer III LLC 2025-1A A2, 5.6560%, 2/25/50<sup>ž</sup> <br>| &nbsp;&nbsp; 1228000 | &nbsp;&nbsp; 1226963 |
| &nbsp;&nbsp;&nbsp; Compass Datacenters Issuer III LLC 2025-2A A2, 5.8350%, 2/25/50<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 764000 | &nbsp;&nbsp;&nbsp;&nbsp; 757436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2021-R03 1M2, US 30 Day Average SOFR <br> + 1.6500%, 5.3119%, 12/25/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 603388 | &nbsp;&nbsp;&nbsp;&nbsp; 603949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2022-R01 1B1, US 30 Day Average SOFR + <br> 3.1500%, 6.8119%, 12/25/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2186000 | &nbsp;&nbsp; 2213384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2022-R02 2M2, US 30 Day Average SOFR <br> + 3.0000%, 6.6619%, 1/27/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 775992 | &nbsp;&nbsp;&nbsp;&nbsp; 784071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2022-R04 1M2, US 30 Day Average SOFR <br> + 3.1000%, 6.7619%, 3/25/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2022-R05 2M1, US 30 Day Average SOFR <br> + 1.9000%, 5.5619%, 4/25/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7847 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2023-R06 1M1, US 30 Day Average SOFR <br> + 1.7000%, 5.3619%, 7/27/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 266689 | &nbsp;&nbsp;&nbsp;&nbsp; 267281 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Asset-Backed/Commercial Mortgage-Backed Securities – (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2023-R07 2M1, US 30 Day Average SOFR <br> + 1.9500%, 5.6119%, 9/25/43<sup>ž,</sup><sup>‡</sup> <br>| $101351 | $101600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2023-R08 1M1, US 30 Day Average SOFR <br> + 1.5000%, 5.1619%, 10/26/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 195259 | &nbsp;&nbsp; 195342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2024-R01 1M1, US 30 Day Average SOFR <br> + 1.0500%, 4.7119%, 1/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 227954 | &nbsp;&nbsp; 227923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2024-R03 2M1, US 30 Day Average SOFR <br> + 1.1500%, 4.8119%, 3/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 128517 | &nbsp;&nbsp; 128399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2024-R04 1M1, US 30 Day Average SOFR <br> + 1.1000%, 4.7619%, 5/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 94932 | &nbsp;&nbsp;&nbsp;&nbsp; 94956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2025-R01 1M1, US 30 Day Average SOFR <br> + 1.1000%, 4.7619%, 1/25/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 130466 | &nbsp;&nbsp; 130266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2025-R02 1M1, US 30 Day Average SOFR <br> + 1.1500%, 4.8119%, 2/27/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 239371 | &nbsp;&nbsp; 239263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2025-R04 1M1, US 30 Day Average SOFR <br> + 1.2000%, 4.8619%, 5/25/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 717447 | &nbsp;&nbsp; 716813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2025-R05 2M1, US 30 Day Average SOFR <br> + 1.2000%, 4.8619%, 7/25/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 442903 | &nbsp;&nbsp; 442487 |
| &nbsp;&nbsp;&nbsp; COOPR Residential Mortgage Trust 2025-CES2 A1A, 5.5020%, 6/25/60<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 360264 | &nbsp;&nbsp; 361151 |
| &nbsp;&nbsp;&nbsp; COOPR Residential Mortgage Trust 2025-CES3 A1A, 4.8400%, 9/25/60<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 759405 | &nbsp;&nbsp; 752170 |
| &nbsp;&nbsp;&nbsp; COOPR Residential Mortgage Trust 2025-CES4 A1A, 5.0400%, 11/25/60<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 303010 | &nbsp;&nbsp; 301678 |
| &nbsp;&nbsp;&nbsp; COOPR Residential Mortgage Trust 2026-CES1 A1A, 4.8740%, 1/1/61<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 689449 | &nbsp;&nbsp; 683464 |
| &nbsp;&nbsp;&nbsp; CPF IV LLC / CP EF Asset Securitization LLC 2023-1A A, 7.4800%, 3/15/32<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 53307 | &nbsp;&nbsp;&nbsp;&nbsp; 53571 |
| &nbsp;&nbsp;&nbsp; CPT Mortgage Trust 2019-CPT F, 2.9968%, 11/13/39<sup>ž,</sup><sup>‡</sup> <br>| 1452000 | 1236133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Croton Park CLO Ltd, CME Term SOFR 3 Month + 1.5600%, 5.2322%, <br> 10/15/36<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 994000 | &nbsp;&nbsp; 991820 |
| &nbsp;&nbsp;&nbsp; CyrusOne Data Centers Issuer I LLC 2024-1A A2, 4.7600%, 3/22/49<sup>ž</sup> <br>| &nbsp;&nbsp; 570666 | &nbsp;&nbsp; 558796 |
| &nbsp;&nbsp;&nbsp; CyrusOne Data Centers Issuer I LLC 2024-2A A2, 4.5000%, 5/20/49<sup>ž</sup> <br>| &nbsp;&nbsp; 742000 | &nbsp;&nbsp; 721634 |
| &nbsp;&nbsp;&nbsp; CyrusOne Data Centers Issuer I LLC 2024-3A A2, 4.6500%, 5/20/49<sup>ž</sup> <br>| 1761000 | 1675649 |
| &nbsp;&nbsp;&nbsp; DATA Mortgage Trust 2024-CTR2 A, 5.2990%, 5/10/46<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 206594 | &nbsp;&nbsp; 203429 |
| &nbsp;&nbsp;&nbsp; DB Master Finance LLC 2017-1A A2II, 4.0300%, 11/20/47<sup>ž</sup> <br>| &nbsp;&nbsp; 304520 | &nbsp;&nbsp; 301807 |
| &nbsp;&nbsp;&nbsp; DC Commercial Mortgage Trust 2023-DC B, 6.8043%, 9/12/40<sup>ž</sup> <br>| 1014152 | 1026026 |
| &nbsp;&nbsp;&nbsp; DI Issuer LLC 2025-1A A2, 5.3100%, 12/15/55<sup>ž</sup> <br>| &nbsp;&nbsp; 496000 | &nbsp;&nbsp; 495395 |
| &nbsp;&nbsp;&nbsp; Diamond Infrastructure Funding LLC 2021-1A A, 1.7600%, 4/15/49<sup>ž</sup> <br>| 1183000 | 1156791 |
| &nbsp;&nbsp;&nbsp; Ellington Financial Mortgage Trust 2025-RTL1 A1, 5.2210%, 11/25/40<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 417000 | &nbsp;&nbsp; 416326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Elmwood CLO X Ltd 2021-3A AR2, CME Term SOFR 3 Month + 1.3000%, <br> 4.9676%, 7/20/38<sup>ž,</sup><sup>‡</sup> <br>| 1362000 | 1362637 |
| &nbsp;&nbsp;&nbsp; Fannie Mae REMICS 2018-27 EA, 3.0000%, 5/25/48 | &nbsp;&nbsp; 663117 | &nbsp;&nbsp; 594951 |
| &nbsp;&nbsp;&nbsp; Fannie Mae REMICS 2019-71 P, 3.0000%, 11/25/49 | &nbsp;&nbsp; 687514 | &nbsp;&nbsp; 615251 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2024-HE2 A, 6.3800%, 5/25/54<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 416748 | &nbsp;&nbsp; 424996 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2024-HE4 A, 5.0560%, 9/25/54<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 559344 | &nbsp;&nbsp; 558758 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2025-FL1 A1, 5.2650%, 7/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 734306 | &nbsp;&nbsp; 732972 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2025-HE2 A, 5.7750%, 3/25/55<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 628587 | &nbsp;&nbsp; 632965 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2025-HE3 A, 5.5600%, 5/25/55<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 668725 | &nbsp;&nbsp; 670969 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2025-HE4 A, 5.4080%, 7/25/55<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 301652 | &nbsp;&nbsp; 301792 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2025-HE5 A, 5.2850%, 8/25/55<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 479619 | &nbsp;&nbsp; 478229 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2025-HE6 A, 5.0440%, 9/25/55<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 346161 | &nbsp;&nbsp; 343183 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2025-PF2 A, 5.0170%, 10/25/55<sup>ž,</sup><sup>‡</sup> <br>| 1314218 | 1302627 |
| &nbsp;&nbsp;&nbsp; Finance of America Structured Securities Trust 2025-S1 A1, 3.5000%, 2/25/75<sup>ž</sup> <br>| &nbsp;&nbsp; 546711 | &nbsp;&nbsp; 529332 |
| &nbsp;&nbsp;&nbsp; Flagstar Mortgage Trust 2021-13IN A2, 3.0000%, 12/30/51<sup>ž,</sup><sup>‡</sup> <br>| 1769684 | 1533947 |
| &nbsp;&nbsp;&nbsp; Foundation Finance Trust 2025-2A A, 4.6700%, 4/15/52<sup>ž</sup> <br>| &nbsp;&nbsp; 682865 | &nbsp;&nbsp; 679560 |
| &nbsp;&nbsp;&nbsp; Foundation Finance Trust 2025-3A A, 4.5600%, 8/15/52<sup>ž</sup> <br>| &nbsp;&nbsp; 634787 | &nbsp;&nbsp; 630241 |
| &nbsp;&nbsp;&nbsp; Freddie Mac - SLST 2020-2 M1, 4.7500%, 9/25/60<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 107689 | &nbsp;&nbsp; 107182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2021-HQA3 M2, US <br> 30 Day Average SOFR + 2.1000%, 5.7619%, 9/25/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 306930 | &nbsp;&nbsp; 307964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2021-HQA4 M2, US <br> 30 Day Average SOFR + 2.3500%, 6.0119%, 12/25/41<sup>ž,</sup><sup>‡</sup> <br>| 1876646 | 1887852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2022-DNA2 M2, US <br> 30 Day Average SOFR + 3.7500%, 7.4119%, 2/25/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 451437 | &nbsp;&nbsp; 460750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2022-DNA3 M2, US <br> 30 Day Average SOFR + 4.3500%, 8.0119%, 4/25/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 101525 | &nbsp;&nbsp; 104535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2022-HQA1 M1A, US <br> 30 Day Average SOFR + 2.1000%, 5.7619%, 3/25/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 52418 | &nbsp;&nbsp;&nbsp;&nbsp; 52508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2023-DNA2 M1A, US <br> 30 Day Average SOFR + 2.1000%, 5.7619%, 4/27/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 213044 | &nbsp;&nbsp; 215016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2023-HQA2 M1A, US <br> 30 Day Average SOFR + 2.0000%, 5.6619%, 6/25/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 12527 | &nbsp;&nbsp;&nbsp;&nbsp; 12543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2023-HQA3 M1, US <br> 30 Day Average SOFR + 1.8500%, 5.5119%, 11/25/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 257534 | &nbsp;&nbsp; 258719 |

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------

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| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Asset-Backed/Commercial Mortgage-Backed Securities – (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2024-DNA2 M1, US <br> 30 Day Average SOFR + 1.2000%, 4.8619%, 5/25/44<sup>ž,</sup><sup>‡</sup> <br>| $124764 | $124711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2025-DNA1 M1, US <br> 30 Day Average SOFR + 1.0500%, 4.7119%, 1/25/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 239284 | &nbsp;&nbsp; 238964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2025-DNA2 M1, US <br> 30 Day Average SOFR + 1.2000%, 4.8619%, 5/25/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 43541 | &nbsp;&nbsp;&nbsp;&nbsp; 43499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2025-DNA3 M1, US <br> 30 Day Average SOFR + 1.1000%, 4.7619%, 9/25/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 35879 | &nbsp;&nbsp;&nbsp;&nbsp; 35814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2025-HQA1 M1, US <br> 30 Day Average SOFR + 1.1500%, 4.8119%, 2/27/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 494572 | &nbsp;&nbsp; 494139 |
| &nbsp;&nbsp;&nbsp; FREMF Mortgage Trust 2023-K511 C, 5.6344%, 11/25/28<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 291254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FS Commercial Mortgage Trust 2026-ORL A, CME Term SOFR 1 Month + <br> 1.3500%, 5.0225%, 2/15/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 570000 | &nbsp;&nbsp; 568680 |
| &nbsp;&nbsp;&nbsp; GCAT 2023-INV1 A1, 6.0000%, 8/25/53<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 956322 | &nbsp;&nbsp; 965330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golden Tree Loan Management US CLO1 Ltd 2023-17A AR, CME Term SOFR 3 <br> Month + 1.2800%, 4.9476%, 1/20/39<sup>ž,</sup><sup>‡</sup> <br>| 1584000 | 1584069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gracie Point International Funding 2025-1A A, US 30 Day Average SOFR + <br> 1.5000%, 5.1686%, 8/15/28<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 820000 | &nbsp;&nbsp; 820222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Great Wolf Trust 2024-WLF2 A, CME Term SOFR 1 Month + 1.6912%, 5.3638%, <br> 5/15/41<sup>ž,</sup><sup>‡</sup> <br>| 1795000 | 1794601 |
| &nbsp;&nbsp;&nbsp; GS Mortgage Securities Trust 2018-GS10, 4.1550%, 7/10/51<sup>‡</sup> <br>| &nbsp;&nbsp; 371605 | &nbsp;&nbsp; 367976 |
| &nbsp;&nbsp;&nbsp; GS Mortgage Securities Trust 2018-GS9, 3.9920%, 3/10/51<sup>‡</sup> <br>| &nbsp;&nbsp; 618450 | &nbsp;&nbsp; 607097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GS Mortgage Securities Trust 2025-800D A, CME Term SOFR 1 Month + <br> 2.6500%, 6.3296%, 11/25/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 648685 | &nbsp;&nbsp; 648358 |
| &nbsp;&nbsp;&nbsp; GS Mortgage-Backed Securities Trust 2025-CES2 A1, 5.1800%, 9/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 631725 | &nbsp;&nbsp; 629444 |
| &nbsp;&nbsp;&nbsp; GS Mortgage-Backed Securities Trust 2026-CES1 A1, 4.8990%, 5/25/56<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 199682 | &nbsp;&nbsp; 198573 |
| &nbsp;&nbsp;&nbsp; Hertz Vehicle Financing LLC 2025-5A A, 4.6200%, 5/25/30<sup>ž</sup> <br>| &nbsp;&nbsp; 613000 | &nbsp;&nbsp; 611324 |
| &nbsp;&nbsp;&nbsp; Homeward Opportunities Fund I Trust 2024-RRTL2 A1, 5.9890%, 9/25/39<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 704000 | &nbsp;&nbsp; 704152 |
| &nbsp;&nbsp;&nbsp; Homeward Opportunities Fund I Trust 2025-RRTL1 A1, 5.4760%, 3/25/40<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 998000 | &nbsp;&nbsp; 998109 |
| &nbsp;&nbsp;&nbsp; Homeward Opportunities Fund I Trust 2025-RRTL2 A1, 5.2370%, 9/25/40<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 450000 | &nbsp;&nbsp; 450426 |
| &nbsp;&nbsp;&nbsp; Hudson's Bay Simon JV Trust 2015-HB10 A10, 4.1545%, 8/5/34<sup>ž</sup> <br>| &nbsp;&nbsp; 329000 | &nbsp;&nbsp; 316170 |
| &nbsp;&nbsp;&nbsp; JP Morgan Mortgage Trust 2025-5MPR A1D, 5.5000%, 11/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 360862 | &nbsp;&nbsp; 359892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KRE Commercial Mortgage Trust 2025-AIP4 A, CME Term SOFR 1 Month + <br> 1.3000%, 4.9725%, 3/15/42<sup>ž,</sup><sup>‡</sup> <br>| 1206278 | 1199830 |
| &nbsp;&nbsp;&nbsp; Lendbuzz Securitization Trust 2023-1A A2, 6.9200%, 8/15/28<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 93038 | &nbsp;&nbsp;&nbsp;&nbsp; 93822 |
| &nbsp;&nbsp;&nbsp; Lex Commercial Loan Master Trust 2024-BBG A, 4.8736%, 10/13/33<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 376000 | &nbsp;&nbsp; 374815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LEX Trust 2026-450 A, CME Term SOFR 1 Month + 1.3500%, 5.0000%, <br> 3/15/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 503000 | &nbsp;&nbsp; 500841 |
| &nbsp;&nbsp;&nbsp; LHOME Mortgage Trust 2024-RTL2 A1, 7.1280%, 3/25/29<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 387030 | &nbsp;&nbsp; 387979 |
| &nbsp;&nbsp;&nbsp; LHOME Mortgage Trust 2024-RTL3 A1, 6.9000%, 5/25/29<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 493034 | &nbsp;&nbsp; 495228 |
| &nbsp;&nbsp;&nbsp; LHOME Mortgage Trust 2024-RTL4 A1, 5.9210%, 7/25/39<sup>ž,</sup><sup>Ç</sup> <br>| 1355072 | 1359131 |
| &nbsp;&nbsp;&nbsp; LHOME Mortgage Trust 2025-RTL3 A1, 5.2390%, 8/25/40<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 460000 | &nbsp;&nbsp; 461323 |
| &nbsp;&nbsp;&nbsp; LHOME Mortgage Trust 2026-RTL1 A1, 4.9080%, 1/25/41<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 223000 | &nbsp;&nbsp; 222294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Life Financial Services Trust 2021-BMR C, CME Term SOFR 1 Month + 1.2145%, <br> 4.8875%, 3/15/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 112353 | &nbsp;&nbsp; 111102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Life Financial Services Trust 2022-BMR2 A1, CME Term SOFR 1 Month + <br> 1.2952%, 4.9678%, 5/15/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 494068 | &nbsp;&nbsp; 475973 |
| &nbsp;&nbsp;&nbsp; M&T Equipment Notes 2023-1A A3, 5.7400%, 7/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 103925 | &nbsp;&nbsp; 104348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Funding Ltd 2019-34A A2RR, CME Term SOFR 3 Month + <br> 1.6000%, 5.2711%, 10/16/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 730000 | &nbsp;&nbsp; 728541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Funding Ltd 2022-55A A1R, CME Term SOFR 3 Month + <br> 1.3600%, 5.0276%, 7/20/37<sup>ž,</sup><sup>‡</sup> <br>| 2161667 | 2162509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Funding Ltd 2022-62A A1R2, CME Term SOFR 3 Month + <br> 1.3000%, 4.9711%, 7/16/38<sup>ž,</sup><sup>‡</sup> <br>| 1526000 | 1526381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Funding Ltd 2025-73A A1, CME Term SOFR 3 Month + 1.3000%, <br> 5.2630%, 10/18/38<sup>ž,</sup><sup>‡</sup> <br>| 1650000 | 1650258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Magnetite CLO Ltd 2025-50A A1, CME Term SOFR 3 Month + 1.2800%, <br> 4.9480%, 7/26/38<sup>ž,</sup><sup>‡</sup> <br>| 1160000 | 1159999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mello Mortgage Capital Acceptance Trust 2021-INV2 A11, US 30 Day Average <br> SOFR + 0.9500%, 4.6172%, 8/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 593150 | &nbsp;&nbsp; 554550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mello Mortgage Capital Acceptance Trust 2021-INV3 A11, US 30 Day Average <br> SOFR + 0.9500%, 4.6172%, 10/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 777714 | &nbsp;&nbsp; 727415 |
| &nbsp;&nbsp;&nbsp; Mello Mortgage Capital Acceptance Trust 2024-SD1 A1, 4.0000%, 4/25/54<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 415234 | &nbsp;&nbsp; 408385 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Capital I Trust 2016-UB11, 2.7820%, 8/15/49 | &nbsp;&nbsp; 594000 | &nbsp;&nbsp; 590464 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Capital I Trust 2018-H3, 4.1770%, 7/15/51 | &nbsp;&nbsp; 590372 | &nbsp;&nbsp; 585984 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Capital I Trust 2018-H4, 4.3100%, 12/15/51 | &nbsp;&nbsp; 883008 | &nbsp;&nbsp; 875430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Residential Mortgage Loan Trust 2025-SPL1 A1, US 30 Day <br> Average SOFR + 1.4000%, 4.2500%, 2/25/65<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 573437 | &nbsp;&nbsp; 560628 |
| &nbsp;&nbsp;&nbsp; MVW Owner Trust 2025-2A A, 4.4800%, 10/20/44<sup>ž</sup> <br>| &nbsp;&nbsp; 207537 | &nbsp;&nbsp; 203916 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Asset-Backed/Commercial Mortgage-Backed Securities – (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neuberger Berman CLO Ltd 2019-32RA A, CME Term SOFR 3 Month + <br> 1.3100%, 4.9776%, 7/20/39<sup>ž,</sup><sup>‡</sup> <br>| $1390830 | $1391593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Residential Mortgage Loan Trust 2018-2, Refinitiv USD IBOR Consumer <br> Cash Fallbacks 6 Months + 0.6800%, 4.5000%, 2/25/58<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 114902 | &nbsp;&nbsp;&nbsp;&nbsp; 115058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Residential Mortgage Loan Trust 2024-NQM2 A1, US 30 Day Average <br> SOFR + 0.1400%, 5.1170%, 9/25/64<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 735017 | &nbsp;&nbsp;&nbsp;&nbsp; 731899 |
| &nbsp;&nbsp;&nbsp; New Residential Mortgage Loan Trust 2024-RTL2 A1, 5.4430%, 9/25/39<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 584000 | &nbsp;&nbsp;&nbsp;&nbsp; 585400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NRTH PARK Mortgage Trust 2025-PARK A, CME Term SOFR 1 Month + <br> 1.3933%, 5.0658%, 10/15/40<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1210000 | &nbsp;&nbsp; 1208607 |
| &nbsp;&nbsp;&nbsp; NRZ Excess Spread Collateralized Notes 2021-FHT1 A, 3.1040%, 7/25/26<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 234603 | &nbsp;&nbsp;&nbsp;&nbsp; 232418 |
| &nbsp;&nbsp;&nbsp; NRZ Excess Spread Collateralized Notes 2024-FNT1 A, 7.3980%, 11/25/31<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 630793 | &nbsp;&nbsp;&nbsp;&nbsp; 634901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oak Hill Credit Partners 2020-7A A1R2, CME Term SOFR 3 Month + 1.2800%, <br> 4.9476%, 7/19/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1499979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oak Hill Credit Partners 2021-9A A2R, CME Term SOFR 3 Month + 1.5800%, <br> 5.2476%, 10/19/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1058000 | &nbsp;&nbsp; 1053432 |
| &nbsp;&nbsp;&nbsp; Oak Street Investment Grade Net Lease Fund 2020-1A A1, 1.8500%, 11/20/50<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 594234 | &nbsp;&nbsp;&nbsp;&nbsp; 542453 |
| &nbsp;&nbsp;&nbsp; Oaktree ABF Equipment ST LLC 2026-1A A2, 4.5000%, 10/17/33<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 356000 | &nbsp;&nbsp;&nbsp;&nbsp; 355837 |
| &nbsp;&nbsp;&nbsp; Oasis Securitization 2024-1A A, 5.8800%, 9/30/38<sup>§</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 301000 | &nbsp;&nbsp;&nbsp;&nbsp; 300201 |
| &nbsp;&nbsp;&nbsp; Oasis Securitization 2025-1A A, 6.3550%, 8/15/39<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 858000 | &nbsp;&nbsp;&nbsp;&nbsp; 858611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OCP CLO Ltd 2020-18A A2R2, CME Term SOFR 3 Month + 1.5700%, 5.2376%, <br> 7/20/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 503005 | &nbsp;&nbsp;&nbsp;&nbsp; 502146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OCP CLO Ltd 2025-44A A, CME Term SOFR 3 Month + 1.3000%, 4.9680%, <br> 10/25/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 808000 | &nbsp;&nbsp;&nbsp;&nbsp; 808214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Octagon Investment Partners 42 Ltd 2019-3A A2RR, CME Term SOFR 3 Month <br> + 1.5600%, 5.2322%, 7/15/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 249567 |
| &nbsp;&nbsp;&nbsp; Onslow Bay Financial LLC 2022-INV1 A1, 3.0000%, 12/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 275579 | &nbsp;&nbsp;&nbsp;&nbsp; 238775 |
| &nbsp;&nbsp;&nbsp; Onslow Bay Financial LLC 2022-INV1 A18, 3.0000%, 12/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 729482 | &nbsp;&nbsp;&nbsp;&nbsp; 627004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PLYM Commercial Mortgage Trust 2026-IND A, CME Term SOFR 1 Month + <br> 1.2500%, 4.9225%, 3/15/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 720000 | &nbsp;&nbsp;&nbsp;&nbsp; 716150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PNW Trust 2026-ARTE A, CME Term SOFR 1 Month + 1.7113%, 5.3863%, <br> 4/16/29<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 956000 | &nbsp;&nbsp;&nbsp;&nbsp; 953596 |
| &nbsp;&nbsp;&nbsp; Pretium Mortgage Credit Partners LLC 2025-RPL1 A1, 4.0000%, 7/25/69<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 696136 | &nbsp;&nbsp;&nbsp;&nbsp; 687558 |
| &nbsp;&nbsp;&nbsp; Pretium Mortgage Credit Partners LLC 2025-RPL2 A1, 4.0000%, 8/25/64<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 776397 | &nbsp;&nbsp;&nbsp;&nbsp; 767834 |
| &nbsp;&nbsp;&nbsp; Pretium Mortgage Credit Partners LLC 2025-RPL5 A1, 4.1500%, 1/25/70<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 1201651 | &nbsp;&nbsp; 1166527 |
| &nbsp;&nbsp;&nbsp; PRP Advisors LLC 2024-RCF2 A1, 3.7500%, 3/25/54<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 272232 | &nbsp;&nbsp;&nbsp;&nbsp; 267327 |
| &nbsp;&nbsp;&nbsp; PRP Advisors LLC 2025-RCF4 A1, 4.5000%, 8/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 467526 | &nbsp;&nbsp;&nbsp;&nbsp; 462618 |
| &nbsp;&nbsp;&nbsp; PRP Advisors LLC 2025-RPL3 A1, 3.2500%, 4/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 620756 | &nbsp;&nbsp;&nbsp;&nbsp; 599417 |
| &nbsp;&nbsp;&nbsp; PRP Advisors LLC 2025-RPL4 A1, 3.0000%, 5/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 949542 | &nbsp;&nbsp;&nbsp;&nbsp; 914765 |
| &nbsp;&nbsp;&nbsp; QTS Issuer ABS I LLC 2025-1A A2, 5.4390%, 5/25/55<sup>ž</sup> <br>| &nbsp;&nbsp; 1870000 | &nbsp;&nbsp; 1848837 |
| &nbsp;&nbsp;&nbsp; QTS Issuer ABS I LLC 2025-1A B, 5.9280%, 5/25/55<sup>ž</sup> <br>| &nbsp;&nbsp; 2082000 | &nbsp;&nbsp; 2028923 |
| &nbsp;&nbsp;&nbsp; QTS Issuer ABS II 2026-5A A2, 6.1780%, 3/5/56<sup>ž</sup> <br>| &nbsp;&nbsp; 1172000 | &nbsp;&nbsp; 1166238 |
| &nbsp;&nbsp;&nbsp; QTS Issuer ABS II LLC 2025-1A A2, 5.0440%, 10/5/55<sup>ž</sup> <br>| &nbsp;&nbsp; 1361000 | &nbsp;&nbsp; 1329663 |
| &nbsp;&nbsp;&nbsp; Research-Driven Pagaya Motor Asset Trust I 2026-R1A A, 5.6590%, 7/25/34<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 434000 | &nbsp;&nbsp;&nbsp;&nbsp; 434751 |
| &nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust 2023-FIG3 A, 7.0670%, 8/25/53<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1805129 | &nbsp;&nbsp; 1857080 |
| &nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust 2023-FIG4 A, 6.7180%, 11/25/53<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 613861 | &nbsp;&nbsp;&nbsp;&nbsp; 632499 |
| &nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust 2024-CES1 A1, 6.3060%, 3/25/54<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 322479 | &nbsp;&nbsp;&nbsp;&nbsp; 326092 |
| &nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust 2024-FIG5 A, 6.2550%, 4/25/54<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 486590 | &nbsp;&nbsp;&nbsp;&nbsp; 489953 |
| &nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust 2024-RTL5 A1, 7.7620%, 4/25/30<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 859678 | &nbsp;&nbsp;&nbsp;&nbsp; 860624 |
| &nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust 2024-RTL6 A1, 7.4390%, 7/25/30<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 1022917 | &nbsp;&nbsp; 1028771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust 2025-LOC5 A1A, CME Term SOFR 1 <br> Month + 1.6000%, 5.2786%, 10/25/55<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 890316 | &nbsp;&nbsp;&nbsp;&nbsp; 891342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust 2025-RRTL1 A1, 5.3200%, <br> 10/25/40<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp; 746886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust 2026-HB1 A1A, CME Term SOFR 1 <br> Month + 1.4000%, 5.0786%, 4/25/56<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 586239 | &nbsp;&nbsp;&nbsp;&nbsp; 585448 |
| &nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust 2026-RTL7 A1, 5.7490%, 3/25/31<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 1418000 | &nbsp;&nbsp; 1403619 |
| &nbsp;&nbsp;&nbsp; SCF Equipment Trust LLC 2025-2A A2, 4.2600%, 12/22/31<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 346000 | &nbsp;&nbsp;&nbsp;&nbsp; 345902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCG Hotel Issuer Inc 2025-DLFN A, CME Term SOFR 1 Month + 1.2000%, <br> 4.8725%, 3/15/35<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1735000 | &nbsp;&nbsp; 1728033 |
| &nbsp;&nbsp;&nbsp; SEB Funding LLC 2026-1A A2, 6.6650%, 1/30/56<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 852000 | &nbsp;&nbsp;&nbsp;&nbsp; 846757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SELF Commercial Mortgage Trust 2024-STRG A, CME Term SOFR 1 Month + <br> 1.5423%, 5.2148%, 11/15/34<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 148513 | &nbsp;&nbsp;&nbsp;&nbsp; 148424 |
| &nbsp;&nbsp;&nbsp; Sequoia Mortgage Trust 2013-5, 2.5000%, 5/25/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65230 |
| &nbsp;&nbsp;&nbsp; SF ABS Issuer LLC 2025-1A A2, 5.3770%, 11/25/55<sup>ž</sup> <br>| &nbsp;&nbsp; 2076000 | &nbsp;&nbsp; 2001017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sixth Street CLO Ltd 2017-9A AR, CME Term SOFR 3 Month + 1.3800%, <br> 5.0497%, 7/21/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1509000 | &nbsp;&nbsp; 1509415 |
| &nbsp;&nbsp;&nbsp; SMRT 2022-MINI A, CME Term SOFR 1 Month + 1.0000%, 4.6730%, 1/15/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 696000 | &nbsp;&nbsp;&nbsp;&nbsp; 695132 |
| &nbsp;&nbsp;&nbsp; Stack Infrastructure Issuer LLC 2026-1A A2, 5.0000%, 3/27/56<sup>ž</sup> <br>| &nbsp;&nbsp; 1128000 | &nbsp;&nbsp; 1090976 |
| &nbsp;&nbsp;&nbsp; SV RNO Property Owner 1 LLC, 5.8750%, 3/1/31<sup>ž</sup> <br>| &nbsp;&nbsp; 3235000 | &nbsp;&nbsp; 3197773 |
| &nbsp;&nbsp;&nbsp; Switch ABS Issuer LLC 2026-1A A21, 5.6090%, 3/27/56<sup>ž</sup> <br>| &nbsp;&nbsp; 1200000 | &nbsp;&nbsp; 1202179 |

---

------

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| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Asset-Backed/Commercial Mortgage-Backed Securities – (continued) |  |  |
| &nbsp;&nbsp;&nbsp; Taco Bell Funding LLC 2018-1A A2II, 4.9400%, 11/25/48<sup>ž</sup> <br>| $571500 | &nbsp;&nbsp;&nbsp;&nbsp; $569001 |
| &nbsp;&nbsp;&nbsp; Taco Bell Funding LLC 2021-1A A2II, 2.2940%, 8/25/51<sup>ž</sup> <br>| 1125945 | &nbsp;&nbsp;&nbsp;&nbsp; 1041303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TEXAS Commercial Mortgage Trust 2025-TWR A, CME Term SOFR 1 Month + <br> 1.2931%, 4.9656%, 4/15/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 473000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 470184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas Debt Capital CLO Ltd 2023-2A A1R, CME Term SOFR 3 Month + <br> 1.3700%, 5.0397%, 10/21/37<sup>ž,</sup><sup>‡</sup> <br>| 1619000 | &nbsp;&nbsp;&nbsp;&nbsp; 1619707 |
| &nbsp;&nbsp;&nbsp; THE 2023-MIC Trust 2023-MIC A, 8.4366%, 12/5/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 920808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 980653 |
| &nbsp;&nbsp;&nbsp; The Huntington National Bank 2024-2 B1, 5.4420%, 10/20/32<sup>ž</sup> <br>| &nbsp;&nbsp; 338803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 341585 |
| &nbsp;&nbsp;&nbsp; Toorak Mortgage Corp 2025-RRTL1 A1, 5.5240%, 2/25/40<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450649 |
| &nbsp;&nbsp;&nbsp; Towd Point Mortgage Trust 2025-FIX2 A1, 5.2490%, 10/25/65<sup>ž,</sup><sup>Ç</sup> <br>| 1050024 | &nbsp;&nbsp;&nbsp;&nbsp; 1046707 |
| &nbsp;&nbsp;&nbsp; Trackside Rail LLC 2026-1A A, 4.8900%, 3/20/56<sup>ž</sup> <br>| &nbsp;&nbsp; 936000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 914267 |
| &nbsp;&nbsp;&nbsp; TVC Mortgage Trust 2026-RRTL1 A1, 4.9640%, 2/25/41<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 533000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 531018 |
| &nbsp;&nbsp;&nbsp; TYSN 2023-CRNR Mortgage Trust 2023-CRNR A, 6.5797%, 12/10/33<sup>ž,</sup><sup>‡</sup> <br>| 2921612 | &nbsp;&nbsp;&nbsp;&nbsp; 3038644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Wholesale Mortgage LLC 2021-INV1 A9, US 30 Day Average SOFR + <br> 0.9000%, 4.5672%, 8/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 726366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 677881 |
| &nbsp;&nbsp;&nbsp; UPG HI Issuer Trust 2025-2 A, 5.0000%, 9/25/47<sup>ž</sup> <br>| &nbsp;&nbsp; 391267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 390439 |
| &nbsp;&nbsp;&nbsp; US Bank National Association 2026-RVM1 B1, 4.9590%, 12/25/46<sup>ž</sup> <br>| &nbsp;&nbsp; 580000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 577139 |
| &nbsp;&nbsp;&nbsp; Vantage Data Centers LLC 2020-2A A2, 1.9920%, 9/15/45<sup>ž</sup> <br>| &nbsp;&nbsp; 634000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 605677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VASA Trust 2021-VASA A, CME Term SOFR 1 Month + 1.0145%, 4.6875%, <br> 7/15/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 605000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 593114 |
| &nbsp;&nbsp;&nbsp; VB-S1 Issuer LLC 2026-1A C2, 4.6930%, 3/15/56<sup>ž</sup> <br>| &nbsp;&nbsp; 509000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 499338 |
| &nbsp;&nbsp;&nbsp; Vista Point Securitization Trust 2026-CES1 A1, 5.0350%, 2/25/56<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 594311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 587771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Voya CLO Ltd 2024-4A A2, CME Term SOFR 3 Month + 1.5500%, 5.2176%, <br> 7/20/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 613178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 612069 |
| &nbsp;&nbsp;&nbsp; Wells Fargo Commercial Mortgage Trust 2025-VTT A, 4.7603%, 3/15/38<sup>ž,</sup><sup>‡</sup> <br>| 1776000 | &nbsp;&nbsp;&nbsp;&nbsp; 1776277 |
| &nbsp;&nbsp;&nbsp; Wendy's Funding LLC, 4.0800%, 6/15/49<sup>ž</sup> <br>| &nbsp;&nbsp; 593112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 571086 |
| &nbsp;&nbsp;&nbsp; Wendy's Funding LLC 2021-1A A2I, 2.3700%, 6/15/51<sup>ž</sup> <br>| &nbsp;&nbsp; 224575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207933 |
| &nbsp;&nbsp;&nbsp; Wendy's Funding LLC 2021-1A A2II, 2.7750%, 6/15/51<sup>ž</sup> <br>| &nbsp;&nbsp; 557207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 492185 |
| &nbsp;&nbsp;&nbsp; Wendy's Funding LLC 2022-1A A2II, 4.5350%, 3/15/52<sup>ž</sup> <br>| &nbsp;&nbsp; 123168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117304 |
| &nbsp;&nbsp;&nbsp; Wendy's Funding LLC 2025-1A A2I, 5.4220%, 12/15/55<sup>ž</sup> <br>| &nbsp;&nbsp; 807218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 803103 |
| &nbsp;&nbsp;&nbsp; Westgate Resorts 2022-1A A, 1.7880%, 8/20/36<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 23975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woodward Capital Management 2021-3 A21, US 30 Day Average SOFR + <br> 0.8000%, 4.4619%, 7/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 580014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 539649 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2023-CES1 A1A, 6.5150%, 6/25/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 181817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 181677 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2024-CES1 A1A, 6.0250%, 2/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 272619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 273691 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2024-CES2 A1A, 6.1410%, 4/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 718710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 723240 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2024-CES5 A1A, 5.8460%, 8/25/44<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 838025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 841287 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2024-CES6 A1A, 5.3440%, 9/25/44<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 704960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 704238 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2024-CES7 A1A, 5.1580%, 10/25/44<sup>ž,</sup><sup>Ç</sup> <br>| 1067027 | &nbsp;&nbsp;&nbsp;&nbsp; 1064041 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2024-CES9 A1A, 5.5820%, 12/25/44<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 196566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197140 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2025-CES10 A1A, 4.8940%, 11/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 506596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 502690 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2025-CES2 A1A, 5.5030%, 2/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 429723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 431206 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2025-CES7 A1A, 5.3770%, 7/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 426290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 426512 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2025-CES8 A1A, 5.1477%, 8/25/55<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 808365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 806585 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2025-CES9 A1A, 4.7950%, 9/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 298519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 295711 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2026-CES2 A1A, 4.7620%, 2/1/56<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 539814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 533829 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2026-CES2 A1B, 4.8630%, 2/1/56<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 149289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147911 |
| Total Asset-Backed/Commercial Mortgage-Backed Securities (cost $211,312,381) |  | 209950580 |
| Bank Loans and Mezzanine Loans – 3.9% |  |  |
| Basic Industry – 0.1% |  |  |
| &nbsp;&nbsp;&nbsp; Qnity Electronics Inc, CME Term SOFR 1 Month + 2.0000%, 5.6677%, 11/1/32<sup>‡</sup> <br>| &nbsp;&nbsp; 501000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 499747 |
| Capital Goods – 0.6% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CompoSecure Holdings LLC, CME Term SOFR 1 Month + 2.2500%, 5.9281%, <br> 1/14/33<sup>‡</sup> <br>| &nbsp;&nbsp; 175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174235 |
| &nbsp;&nbsp;&nbsp; EMRLD Borrower LP, CME Term SOFR 3 Month + 2.2500%, 5.9496%, 8/4/31<sup>‡</sup> <br>| 3126302 | &nbsp;&nbsp;&nbsp;&nbsp; 3118486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quikrete Holdings Inc, CME Term SOFR 1 Month + 2.2500%, 5.9177%, <br> 2/10/32<sup>‡</sup> <br>| &nbsp;&nbsp; 594031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 592547 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3885268 |
| Consumer Cyclical – 0.9% |  |  |
| &nbsp;&nbsp;&nbsp; Delta 2 Lux Sarl, CME Term SOFR 3 Month + 1.7500%, 5.4496%, 9/30/31<sup>‡</sup> <br>| 2869649 | &nbsp;&nbsp;&nbsp;&nbsp; 2861040 |
| &nbsp;&nbsp;&nbsp; Life Time Inc, CME Term SOFR 1 Month + 2.0000%, 5.6712%, 11/5/31<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1541 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TKO Worldwide Holdings LLC, CME Term SOFR 3 Month + 2.0000%, 5.6640%, <br> 11/21/31<sup>‡</sup> <br>| 2805055 | &nbsp;&nbsp;&nbsp;&nbsp; 2801464 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5664044 |
| Consumer Non-Cyclical – 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lavender US Holdco 1 Inc, CME Term SOFR 3 Month + 3.2500%, 6.9496%, <br> 12/30/32<sup>‡</sup> <br>| 1350644 | &nbsp;&nbsp;&nbsp;&nbsp; 1328696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medline Borrower LP, CME Term SOFR 1 Month + 1.7500%, 5.4177%, <br> 10/23/30<sup>‡</sup> <br>| 1455913 | &nbsp;&nbsp;&nbsp;&nbsp; 1457500 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2786196 |

---

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---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Bank Loans and Mezzanine Loans – (continued) |  |  |
| Electric – 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alpha Generation LLC, CME Term SOFR 1 Month + 1.7500%, 5.4177%, <br> 9/30/31<sup>‡</sup> <br>| $940100 | &nbsp;&nbsp; $936894 |
| Technology – 0.2% |  |  |
| &nbsp;&nbsp;&nbsp; Galileo Parent Inc, CME Term SOFR 6 Month + 4.5000%, 8.1183%, 3/3/33<sup>‡</sup> <br>| 1072298 | &nbsp;&nbsp; 1049512 |
| Transportation – 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Student Bidco Inc, CME Term SOFR 1 Month + 2.5000%, 5.9025%, <br> 8/15/30<sup>‡</sup> <br>| 2454495 | &nbsp;&nbsp; 2445290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Student Bidco Inc, CME Term SOFR 3 Month + 2.2500%, 5.9496%, <br> 8/15/30<sup>‡</sup> <br>| &nbsp;&nbsp; 449111 | &nbsp;&nbsp;&nbsp;&nbsp; 447427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Genesee & Wyoming Inc, CME Term SOFR 3 Month + 1.7500%, 5.4496%, <br> 4/10/31<sup>‡</sup> <br>| 2909287 | &nbsp;&nbsp; 2893228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stonepeak Nile Parent LLC, CME Term SOFR 3 Month + 2.2500%, 5.9169%, <br> 4/9/32<sup>‡</sup> <br>| 1261000 | &nbsp;&nbsp; 1257621 |
|  |  | &nbsp;&nbsp; 7043566 |
| Utilities – 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tenaska Westmoreland Management LLC, CME Term SOFR 1 Month + 2.2500%, <br> 5.9053%, 2/18/33<sup>‡</sup> <br>| 2153000 | &nbsp;&nbsp; 2142235 |
| Total Bank Loans and Mezzanine Loans (cost $24,076,733) |  | 24007462 |
| Corporate Bonds – 27.4% |  |  |
| Banking – 5.8% |  |  |
| &nbsp;&nbsp;&nbsp; Bank of America Corp, SOFR + 1.0000%, 5.1620%, 1/24/31<sup>‡</sup> <br>| 2466000 | &nbsp;&nbsp; 2512982 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp, SOFR + 1.6970%, 5.7440%, 2/12/36<sup>‡</sup> <br>| 1497000 | &nbsp;&nbsp; 1522854 |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp, SOFR + 3.0700%, 7.6240%, 10/30/31<sup>‡</sup> <br>| 1748000 | &nbsp;&nbsp; 1930660 |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp, SOFR + 1.9900%, 5.8840%, 7/26/35<sup>‡</sup> <br>| 1506000 | &nbsp;&nbsp; 1542518 |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp, SOFR + 2.0360%, 6.1830%, 1/30/36<sup>‡</sup> <br>| 1149000 | &nbsp;&nbsp; 1168710 |
| &nbsp;&nbsp;&nbsp; Citigroup Inc, SOFR + 1.1710%, 4.5030%, 9/11/31<sup>‡</sup> <br>| 4680000 | &nbsp;&nbsp; 4626807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Citigroup Inc, US Treasury Yield Curve Rate 5 Year + 1.2800%, 5.5920%, <br> 11/19/34<sup>‡</sup> <br>| 1440000 | &nbsp;&nbsp; 1461587 |
| &nbsp;&nbsp;&nbsp; Citigroup Inc, SOFR + 1.4880%, 5.1740%, 9/11/36<sup>‡</sup> <br>| 1047000 | &nbsp;&nbsp; 1037883 |
| &nbsp;&nbsp;&nbsp; Citigroup Inc, US Treasury Yield Curve Rate 5 Year + 3.0010%, 6.6250%<sup>‡</sup><sup>,μ</sup> <br>| &nbsp;&nbsp; 816000 | &nbsp;&nbsp;&nbsp;&nbsp; 816612 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc, SOFR + 0.9600%, 4.5160%, 1/21/32<sup>‡</sup> <br>| &nbsp;&nbsp; 722000 | &nbsp;&nbsp;&nbsp;&nbsp; 711056 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc, SOFR + 1.1900%, 5.0650%, 1/21/37<sup>‡</sup> <br>| &nbsp;&nbsp; 722000 | &nbsp;&nbsp;&nbsp;&nbsp; 705879 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co, SOFR + 1.0100%, 5.1400%, 1/24/31<sup>‡</sup> <br>| 1348000 | &nbsp;&nbsp; 1372670 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co, SOFR + 1.0700%, 4.8980%, 1/22/37<sup>‡</sup> <br>| 3158000 | &nbsp;&nbsp; 3090134 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley, SOFR + 0.9500%, 4.4930%, 1/16/32<sup>‡</sup> <br>| 1167000 | &nbsp;&nbsp; 1147381 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley, SOFR + 1.1950%, 4.7080%, 3/12/32<sup>‡</sup> <br>| 2187000 | &nbsp;&nbsp; 2172275 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley, SOFR + 1.2900%, 2.9430%, 1/21/33<sup>‡</sup> <br>| &nbsp;&nbsp; 978000 | &nbsp;&nbsp;&nbsp;&nbsp; 879357 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley, SOFR + 1.8800%, 5.4240%, 7/21/34<sup>‡</sup> <br>| &nbsp;&nbsp; 823000 | &nbsp;&nbsp;&nbsp;&nbsp; 835065 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Private Bank NA, SOFR + 1.0800%, 4.7340%, 7/18/31<sup>‡</sup> <br>| 3644000 | &nbsp;&nbsp; 3632713 |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group Inc/The, SOFR + 2.2840%, 6.8750%, 10/20/34<sup>‡</sup> <br>| 1268000 | &nbsp;&nbsp; 1400848 |
| &nbsp;&nbsp;&nbsp; US Bancorp, SOFR + 1.5600%, 5.3840%, 1/23/30<sup>‡</sup> <br>| 1263000 | &nbsp;&nbsp; 1293441 |
| &nbsp;&nbsp;&nbsp; US Bancorp, SOFR + 1.0610%, 5.0460%, 2/12/31<sup>‡</sup> <br>| &nbsp;&nbsp; 822000 | &nbsp;&nbsp;&nbsp;&nbsp; 833975 |
| &nbsp;&nbsp;&nbsp; US Bancorp, SOFR + 1.4110%, 5.4240%, 2/12/36<sup>‡</sup><sup>,#</sup> <br>| &nbsp;&nbsp; 826000 | &nbsp;&nbsp;&nbsp;&nbsp; 844048 |
|  |  | 35539455 |
| Basic Industry – 0.7% |  |  |
| &nbsp;&nbsp;&nbsp; First Quantum Minerals Ltd, 6.3750%, 2/15/36<sup>ž</sup> <br>| &nbsp;&nbsp; 749000 | &nbsp;&nbsp;&nbsp;&nbsp; 720551 |
| &nbsp;&nbsp;&nbsp; FMG Resources (August 2006) Pty Ltd, 4.5000%, 9/15/27<sup>ž</sup> <br>| 2186000 | &nbsp;&nbsp; 2164629 |
| &nbsp;&nbsp;&nbsp; Verde Purchaser LLC, 10.5000%, 11/30/30<sup>ž</sup> <br>| 1248000 | &nbsp;&nbsp; 1296981 |
|  |  | &nbsp;&nbsp; 4182161 |
| Brokerage – 1.7% |  |  |
| &nbsp;&nbsp;&nbsp; Jane Street Group / JSG Finance Inc, 7.1250%, 4/30/31<sup>ž</sup> <br>| 1487000 | &nbsp;&nbsp; 1528571 |
| &nbsp;&nbsp;&nbsp; Jane Street Group / JSG Finance Inc, 6.1250%, 11/1/32<sup>ž</sup> <br>| 1793000 | &nbsp;&nbsp; 1773077 |
| &nbsp;&nbsp;&nbsp; Jane Street Group / JSG Finance Inc, 6.7500%, 5/1/33<sup>ž</sup> <br>| 1849000 | &nbsp;&nbsp; 1875936 |
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc, 4.0000%, 3/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 242770 |
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc, 5.1500%, 6/15/30 | &nbsp;&nbsp; 854000 | &nbsp;&nbsp;&nbsp;&nbsp; 857716 |
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc, 6.0000%, 5/20/34 | &nbsp;&nbsp; 953000 | &nbsp;&nbsp;&nbsp;&nbsp; 972014 |
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc, 5.6500%, 3/15/35 | 2402000 | &nbsp;&nbsp; 2381424 |
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc, 5.7500%, 6/15/35 | &nbsp;&nbsp; 866000 | &nbsp;&nbsp;&nbsp;&nbsp; 862573 |
|  |  | 10494081 |
| Capital Goods – 0.2% |  |  |
| &nbsp;&nbsp;&nbsp; Eaton Corp, 4.2000%, 3/6/31 | &nbsp;&nbsp; 419000 | &nbsp;&nbsp;&nbsp;&nbsp; 412938 |
| &nbsp;&nbsp;&nbsp; Standard Industries Inc/NJ, 6.5000%, 8/15/32<sup>ž</sup> <br>| &nbsp;&nbsp; 948000 | &nbsp;&nbsp;&nbsp;&nbsp; 948490 |
|  |  | &nbsp;&nbsp; 1361428 |
| Communications – 1.7% |  |  |
| &nbsp;&nbsp;&nbsp; AppLovin Corp, 5.3750%, 12/1/31 | &nbsp;&nbsp; 980000 | &nbsp;&nbsp;&nbsp;&nbsp; 989616 |
| &nbsp;&nbsp;&nbsp; AppLovin Corp, 5.5000%, 12/1/34 | 5019000 | &nbsp;&nbsp; 4989267 |
| &nbsp;&nbsp;&nbsp; AppLovin Corp, 5.9500%, 12/1/54 | 1262000 | &nbsp;&nbsp; 1146322 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Corporate Bonds – (continued) |  |  |
| Communications – (continued) |  |  |
| &nbsp;&nbsp;&nbsp; Level 3 Financing Inc, 7.0000%, 3/31/34<sup>ž</sup> <br>| $1159427 | $1186773 |
| &nbsp;&nbsp;&nbsp; ROBLOX Corp, 3.8750%, 5/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 2245000 | &nbsp;&nbsp; 2109813 |
|  |  | 10421791 |
| Consumer Cyclical – 2.6% |  |  |
| &nbsp;&nbsp;&nbsp; Carnival Corp, 5.7500%, 8/1/32<sup>ž</sup> <br>| &nbsp;&nbsp; 2179000 | &nbsp;&nbsp; 2178291 |
| &nbsp;&nbsp;&nbsp; Carvana Co, 9.0000%, 6/1/30<sup>ž,¤</sup> <br>| &nbsp;&nbsp; 2020898 | &nbsp;&nbsp; 2102245 |
| &nbsp;&nbsp;&nbsp; Cyprium Corp / Cyprium Holdings Luxembourg Sarl, 6.1250%, 4/15/31<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 808000 | &nbsp;&nbsp;&nbsp;&nbsp; 796541 |
| &nbsp;&nbsp;&nbsp; Cyprium Corp / Cyprium Holdings Luxembourg Sarl, 6.3750%, 4/15/34<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 523000 | &nbsp;&nbsp;&nbsp;&nbsp; 507646 |
| &nbsp;&nbsp;&nbsp; Flutter Treasury DAC, 5.8750%, 6/4/31<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 661000 | &nbsp;&nbsp;&nbsp;&nbsp; 654846 |
| &nbsp;&nbsp;&nbsp; GLP Capital LP / GLP Financing II Inc, 5.3000%, 1/15/29 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 100867 |
| &nbsp;&nbsp;&nbsp; GLP Capital LP / GLP Financing II Inc, 5.6250%, 3/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 607000 | &nbsp;&nbsp;&nbsp;&nbsp; 590367 |
| &nbsp;&nbsp;&nbsp; KB Home, 4.0000%, 6/15/31<sup>#</sup> <br>| &nbsp;&nbsp; 1630000 | &nbsp;&nbsp; 1502825 |
| &nbsp;&nbsp;&nbsp; Millrose Properties Inc, 6.2500%, 9/15/32<sup>ž</sup> <br>| &nbsp;&nbsp; 1192000 | &nbsp;&nbsp; 1170076 |
| &nbsp;&nbsp;&nbsp; NCL Corporation Ltd, 5.8750%, 1/15/31<sup>ž</sup> <br>| &nbsp;&nbsp; 2384000 | &nbsp;&nbsp; 2316213 |
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd, 4.7500%, 5/15/33 | &nbsp;&nbsp; 1238000 | &nbsp;&nbsp; 1195364 |
| &nbsp;&nbsp;&nbsp; Taylor Morrison Communities Inc, 5.1250%, 8/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 1396000 | &nbsp;&nbsp; 1380032 |
| &nbsp;&nbsp;&nbsp; Taylor Morrison Communities Inc, 5.7500%, 11/15/32<sup>ž</sup> <br>| &nbsp;&nbsp; 1914000 | &nbsp;&nbsp; 1915675 |
|  |  | 16410988 |
| Consumer Non-Cyclical – 2.1% |  |  |
| &nbsp;&nbsp;&nbsp; CVS Health Corp, 5.2500%, 2/21/33 | &nbsp;&nbsp;&nbsp;&nbsp; 183000 | &nbsp;&nbsp;&nbsp;&nbsp; 185091 |
| &nbsp;&nbsp;&nbsp; CVS Health Corp, 5.7000%, 6/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 769000 | &nbsp;&nbsp;&nbsp;&nbsp; 790296 |
| &nbsp;&nbsp;&nbsp; CVS Health Corp, 5.4500%, 9/15/35 | &nbsp;&nbsp;&nbsp;&nbsp; 919000 | &nbsp;&nbsp;&nbsp;&nbsp; 922574 |
| &nbsp;&nbsp;&nbsp; CVS Health Corp, 4.7800%, 3/25/38 | &nbsp;&nbsp; 2364000 | &nbsp;&nbsp; 2178516 |
| &nbsp;&nbsp;&nbsp; Heartland Dental LLC / Heartland Dental Finance Corp, 10.5000%, 4/30/28<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 364000 | &nbsp;&nbsp;&nbsp;&nbsp; 374017 |
| &nbsp;&nbsp;&nbsp; Maple Parent Holdings Corp, 5.7000%, 3/26/36<sup>ž</sup> <br>| &nbsp;&nbsp; 1747000 | &nbsp;&nbsp; 1735798 |
| &nbsp;&nbsp;&nbsp; Maple Parent Holdings Corp, 6.6250%, 3/26/56<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 314000 | &nbsp;&nbsp;&nbsp;&nbsp; 310931 |
| &nbsp;&nbsp;&nbsp; Solventum Corp, 5.4500%, 3/13/31 | &nbsp;&nbsp; 1571000 | &nbsp;&nbsp; 1611798 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Co LLC, 6.1500%, 2/1/36 | &nbsp;&nbsp; 1520000 | &nbsp;&nbsp; 1566077 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, 3.1500%, 10/1/26 | &nbsp;&nbsp;&nbsp;&nbsp; 623000 | &nbsp;&nbsp;&nbsp;&nbsp; 616807 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, 6.0000%, 12/1/32 | &nbsp;&nbsp; 1217000 | &nbsp;&nbsp; 1249056 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands IV BV, 5.7500%, 12/1/30 | &nbsp;&nbsp; 1297000 | &nbsp;&nbsp; 1313460 |
|  |  | 12854421 |
| Electric – 1.7% |  |  |
| &nbsp;&nbsp;&nbsp; Alpha Generation LLC, 6.2500%, 1/15/34<sup>ž</sup> <br>| &nbsp;&nbsp; 1052000 | &nbsp;&nbsp; 1033425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Electric Power Co Inc, US Treasury Yield Curve Rate 5 Year + 2.1280%, <br> 5.8000%, 3/15/56<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 643000 | &nbsp;&nbsp;&nbsp;&nbsp; 635165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Electric Power Co Inc, US Treasury Yield Curve Rate 5 Year + 1.9400%, <br> 6.0500%, 3/15/56<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 515000 | &nbsp;&nbsp;&nbsp;&nbsp; 510403 |
| &nbsp;&nbsp;&nbsp; NRG Energy Inc, 6.0000%, 2/1/33<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 606000 | &nbsp;&nbsp;&nbsp;&nbsp; 606155 |
| &nbsp;&nbsp;&nbsp; NRG Energy Inc, 5.7500%, 1/15/34<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 726000 | &nbsp;&nbsp;&nbsp;&nbsp; 716144 |
| &nbsp;&nbsp;&nbsp; NRG Energy Inc, 6.0000%, 1/15/36<sup>ž</sup> <br>| &nbsp;&nbsp; 1361000 | &nbsp;&nbsp; 1348625 |
| &nbsp;&nbsp;&nbsp; Talen Energy Supply LLC, 6.2500%, 2/1/34<sup>ž</sup> <br>| &nbsp;&nbsp; 1245000 | &nbsp;&nbsp; 1231129 |
| &nbsp;&nbsp;&nbsp; Talen Energy Supply LLC, 6.5000%, 2/1/36<sup>ž</sup> <br>| &nbsp;&nbsp; 2043000 | &nbsp;&nbsp; 2057159 |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co LLC, 4.7000%, 1/31/31<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 269000 | &nbsp;&nbsp;&nbsp;&nbsp; 264669 |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co LLC, 5.3500%, 1/31/36<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 519000 | &nbsp;&nbsp;&nbsp;&nbsp; 507682 |
| &nbsp;&nbsp;&nbsp; Xcel Energy Inc, 5.6000%, 4/15/35 | &nbsp;&nbsp;&nbsp;&nbsp; 616000 | &nbsp;&nbsp;&nbsp;&nbsp; 626012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Xcel Energy Inc, US Treasury Yield Curve Rate 5 Year + 2.1680%, 5.7500%, <br> 12/3/56<sup>‡</sup> <br>| &nbsp;&nbsp; 1044000 | &nbsp;&nbsp; 1019130 |
|  |  | 10555698 |
| Energy – 3.8% |  |  |
| &nbsp;&nbsp;&nbsp; Antero Resources Corp, 5.4000%, 2/1/36 | &nbsp;&nbsp; 3477000 | &nbsp;&nbsp; 3419149 |
| &nbsp;&nbsp;&nbsp; Civitas Resources Inc, 8.6250%, 11/1/30<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 331000 | &nbsp;&nbsp;&nbsp;&nbsp; 349233 |
| &nbsp;&nbsp;&nbsp; Civitas Resources Inc, 8.7500%, 7/1/31<sup>ž,#</sup> <br>| &nbsp;&nbsp; 1017000 | &nbsp;&nbsp; 1063062 |
| &nbsp;&nbsp;&nbsp; Civitas Resources Inc, 9.6250%, 6/15/33<sup>ž</sup> <br>| &nbsp;&nbsp; 1563000 | &nbsp;&nbsp; 1726679 |
| &nbsp;&nbsp;&nbsp; DT Midstream Inc, 4.1250%, 6/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 1386000 | &nbsp;&nbsp; 1356839 |
| &nbsp;&nbsp;&nbsp; DT Midstream Inc, 4.3750%, 6/15/31<sup>ž</sup> <br>| &nbsp;&nbsp; 2078000 | &nbsp;&nbsp; 2003051 |
| &nbsp;&nbsp;&nbsp; DT Midstream Inc, 4.3000%, 4/15/32<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 555000 | &nbsp;&nbsp;&nbsp;&nbsp; 529475 |
| &nbsp;&nbsp;&nbsp; Hess Midstream Operations LP, 5.8750%, 3/1/28<sup>ž</sup> <br>| &nbsp;&nbsp; 1503000 | &nbsp;&nbsp; 1512643 |
| &nbsp;&nbsp;&nbsp; Hess Midstream Operations LP, 5.1250%, 6/15/28<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 704000 | &nbsp;&nbsp;&nbsp;&nbsp; 701931 |
| &nbsp;&nbsp;&nbsp; Hess Midstream Operations LP, 6.5000%, 6/1/29<sup>ž</sup> <br>| &nbsp;&nbsp; 1820000 | &nbsp;&nbsp; 1859176 |
| &nbsp;&nbsp;&nbsp; Hess Midstream Operations LP, 4.2500%, 2/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 2344000 | &nbsp;&nbsp; 2252437 |
| &nbsp;&nbsp;&nbsp; Occidental Petroleum Corp, 8.8750%, 7/15/30 | &nbsp;&nbsp;&nbsp;&nbsp; 665000 | &nbsp;&nbsp;&nbsp;&nbsp; 756954 |
| &nbsp;&nbsp;&nbsp; Sunoco LP, 5.6250%, 3/15/31<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 835000 | &nbsp;&nbsp;&nbsp;&nbsp; 831170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp, 7.3750%, <br> 2/15/29<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 936000 | &nbsp;&nbsp;&nbsp;&nbsp; 962898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp, 6.7500%, <br> 3/15/34<sup>ž</sup> <br>| &nbsp;&nbsp; 2216000 | &nbsp;&nbsp; 2227096 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>|  | *Value* |
| Corporate Bonds – (continued) |  |  |  |
| Energy – (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; Viper Energy Partners LLC, 4.9000%, 8/1/30 | &nbsp;&nbsp; $782000 |  | &nbsp;&nbsp;&nbsp;&nbsp; $781484 |
| &nbsp;&nbsp;&nbsp; Viper Energy Partners LLC, 5.7000%, 8/1/35 | &nbsp;&nbsp; 1040000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1048122 |
|  |  |  | &nbsp;&nbsp; 23381399 |
| Finance Companies – 1.0% |  |  |  |
| &nbsp;&nbsp;&nbsp; Apollo Debt Solutions BDC, 5.2000%, 12/8/28<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 572000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 564900 |
| &nbsp;&nbsp;&nbsp; Blackstone Private Credit Fund, 7.3000%, 11/27/28 | &nbsp;&nbsp;&nbsp;&nbsp; 860000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 877599 |
| &nbsp;&nbsp;&nbsp; Blue Owl Credit Income Corp, 7.9500%, 6/13/28 | &nbsp;&nbsp;&nbsp;&nbsp; 566000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 579824 |
| &nbsp;&nbsp;&nbsp; OWL Rock Core Income Corp, 4.7000%, 2/8/27 | &nbsp;&nbsp;&nbsp;&nbsp; 140000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138418 |
| &nbsp;&nbsp;&nbsp; Rocket Cos Inc, 6.1250%, 8/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 1495000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1508795 |
| &nbsp;&nbsp;&nbsp; Takeoff Merger Sub Inc, 4.8500%, 3/24/31<sup>ž</sup> <br>| &nbsp;&nbsp; 1822000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1799215 |
| &nbsp;&nbsp;&nbsp; Takeoff Merger Sub Inc, 5.5000%, 3/24/36<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 535000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 527033 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5995784 |
| Financial Institutions – 0.6% |  |  |  |
| &nbsp;&nbsp;&nbsp; Atlas Warehouse Lending Co LP, 6.0500%, 1/15/28<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 909000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 921211 |
| &nbsp;&nbsp;&nbsp; Atlas Warehouse Lending Co LP, 6.2500%, 1/15/30<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 924000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 950280 |
| &nbsp;&nbsp;&nbsp; Atlas Warehouse Lending Co LP, 4.9500%, 11/15/30<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 380000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 372750 |
| &nbsp;&nbsp;&nbsp; Burford Capital Global Finance LLC, 8.5000%, 1/15/34<sup>ž</sup> <br>| &nbsp;&nbsp; 1700000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1459824 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3704065 |
| Insurance – 1.1% |  |  |  |
| &nbsp;&nbsp;&nbsp; Centene Corp, 4.2500%, 12/15/27 | &nbsp;&nbsp; 1653000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1623766 |
| &nbsp;&nbsp;&nbsp; Health Care Service Corp, 5.2000%, 6/15/29<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 915000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 928112 |
| &nbsp;&nbsp;&nbsp; Health Care Service Corp, 5.4500%, 6/15/34<sup>ž</sup> <br>| &nbsp;&nbsp; 1687000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1687893 |
| &nbsp;&nbsp;&nbsp; Humana Inc, 5.9500%, 3/15/34 | &nbsp;&nbsp; 2414000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 2461751 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6701522 |
| Professional Services – 0.3% |  |  |  |
| &nbsp;&nbsp;&nbsp; Booz Allen Hamilton Inc, 5.9500%, 4/15/35<sup>#</sup> <br>| &nbsp;&nbsp; 1838000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1852987 |
| Technology – 3.5% |  |  |  |
| &nbsp;&nbsp;&nbsp; APLD ComputeCo 2 LLC, 6.7500%, 3/15/31<sup>ž</sup> <br>| &nbsp;&nbsp; 1585000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1573460 |
| &nbsp;&nbsp;&nbsp; Black Pearl Compute LLC, 6.1250%, 2/15/31<sup>ž</sup> <br>| &nbsp;&nbsp; 1503000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1529749 |
| &nbsp;&nbsp;&nbsp; CrowdStrike Holdings Inc, 3.0000%, 2/15/29 | &nbsp;&nbsp;&nbsp;&nbsp; 419000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 398564 |
| &nbsp;&nbsp;&nbsp; Equinix Asia Financing Corp Pte Ltd, 4.4000%, 3/15/31 | &nbsp;&nbsp;&nbsp;&nbsp; 915000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 895689 |
| &nbsp;&nbsp;&nbsp; Equinix Europe 2 Financing Corporation LLC, 4.7000%, 3/15/33 | &nbsp;&nbsp; 1879000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1827539 |
| &nbsp;&nbsp;&nbsp; Foundry JV Holdco LLC, 5.8750%, 1/25/34<sup>ž</sup> <br>| &nbsp;&nbsp; 3994000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4043916 |
| &nbsp;&nbsp;&nbsp; Oracle Corp, 5.3500%, 5/4/33 | &nbsp;&nbsp;&nbsp;&nbsp; 767000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 746658 |
| &nbsp;&nbsp;&nbsp; Oracle Corp, 5.5000%, 8/3/35 | &nbsp;&nbsp;&nbsp;&nbsp; 390000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 372292 |
| &nbsp;&nbsp;&nbsp; Oracle Corp, 5.2000%, 9/26/35 | &nbsp;&nbsp; 1200000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1125594 |
| &nbsp;&nbsp;&nbsp; Oracle Corp, 5.9500%, 9/26/55 | &nbsp;&nbsp;&nbsp;&nbsp; 757000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 636842 |
| &nbsp;&nbsp;&nbsp; Oracle Corp, 6.1000%, 9/26/65 | &nbsp;&nbsp; 1341000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1111933 |
| &nbsp;&nbsp;&nbsp; Oracle Corp, 6.8500%, 2/4/66 | &nbsp;&nbsp;&nbsp;&nbsp; 563000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 517578 |
| &nbsp;&nbsp;&nbsp; Salesforce Inc, 4.9000%, 9/15/31 | &nbsp;&nbsp; 2144000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 2140964 |
| &nbsp;&nbsp;&nbsp; Salesforce Inc, 5.2000%, 3/15/33 | &nbsp;&nbsp; 1613000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1610245 |
| &nbsp;&nbsp;&nbsp; Salesforce Inc, 5.5500%, 3/15/36 | &nbsp;&nbsp; 1699000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1693715 |
| &nbsp;&nbsp;&nbsp; Salesforce Inc, 6.4000%, 3/15/46 | &nbsp;&nbsp;&nbsp;&nbsp; 315000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 317181 |
| &nbsp;&nbsp;&nbsp; Salesforce Inc, 6.5500%, 3/15/56 | &nbsp;&nbsp; 1070000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1073712 |
|  |  |  | &nbsp;&nbsp; 21615631 |
| Transportation – 0.6% |  |  |  |
| &nbsp;&nbsp;&nbsp; United Airlines Holdings Inc, 4.8750%, 3/1/29 | &nbsp;&nbsp; 4036000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3947538 |
| Total Corporate Bonds (cost $169,617,943) |  |  | 169018949 |
| Foreign Government Bonds – 2.2% |  |  |  |
| &nbsp;&nbsp;&nbsp; United Kingdom Gilt, 4.1250%, 3/7/31 (cost $14,122,024) | 10486200 | GBP | &nbsp;&nbsp; 13663105 |
| Mortgage-Backed Securities – 22.5% |  |  |  |
| Fannie Mae: |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.5000%, TBA, 30 Year Maturity | &nbsp;&nbsp; 3969786 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3338852 |
| &nbsp;&nbsp;&nbsp; 3.0000%, TBA, 30 Year Maturity | &nbsp;&nbsp;&nbsp;&nbsp; 131000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115171 |
| &nbsp;&nbsp;&nbsp; 4.5000%, TBA, 30 Year Maturity | &nbsp;&nbsp; 2567852 |  | &nbsp;&nbsp;&nbsp;&nbsp; 2476077 |
| &nbsp;&nbsp;&nbsp; 5.0000%, TBA, 30 Year Maturity | &nbsp;&nbsp; 8010735 |  | &nbsp;&nbsp;&nbsp;&nbsp; 7888571 |
| &nbsp;&nbsp;&nbsp; 6.0000%, TBA, 30 Year Maturity | 11932379 |  | &nbsp;&nbsp; 12158259 |
| &nbsp;&nbsp;&nbsp; 6.0000%, TBA, 30 Year Maturity | &nbsp;&nbsp; 3002621 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3055827 |
|  |  |  | &nbsp;&nbsp; 29032757 |
| Fannie Mae Pool: |  |  |  |
| &nbsp;&nbsp;&nbsp; BO3223, 3.0000%, 10/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40852 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39357 |
| &nbsp;&nbsp;&nbsp; BO4725, 2.5000%, 11/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86038 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81724 |
| &nbsp;&nbsp;&nbsp; BO7717, 3.0000%, 11/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10957 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10568 |
| &nbsp;&nbsp;&nbsp; BO5957, 3.0000%, 12/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14165 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13635 |
| &nbsp;&nbsp;&nbsp; FS3713, 2.5000%, 12/1/36 | &nbsp;&nbsp;&nbsp;&nbsp; 951311 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 904452 |
| &nbsp;&nbsp;&nbsp; 995757, 6.0000%, 2/1/37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41983 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44016 |
| &nbsp;&nbsp;&nbsp; AL6997, 4.5000%, 11/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30485 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30342 |
| &nbsp;&nbsp;&nbsp; AB7563, 3.0000%, 1/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15164 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13969 |
| &nbsp;&nbsp;&nbsp; MA1363, 3.0000%, 2/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14995 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13757 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Mortgage-Backed Securities – (continued) |  |  |
| Fannie Mae Pool – (continued) |  |  |
| &nbsp;&nbsp;&nbsp; AT2957, 3.0000%, 5/1/43 | $106934 | &nbsp;&nbsp; $97669 |
| &nbsp;&nbsp;&nbsp; AL5942, 5.0000%, 7/1/44 | &nbsp;&nbsp; 221606 | &nbsp;&nbsp; 223619 |
| &nbsp;&nbsp;&nbsp; AL5887, 4.5000%, 10/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 67982 | &nbsp;&nbsp;&nbsp;&nbsp; 67425 |
| &nbsp;&nbsp;&nbsp; AL6542, 4.5000%, 3/1/45 | &nbsp;&nbsp; 111181 | &nbsp;&nbsp; 110270 |
| &nbsp;&nbsp;&nbsp; AL6842, 4.0000%, 5/1/45 | &nbsp;&nbsp;&nbsp;&nbsp; 32872 | &nbsp;&nbsp;&nbsp;&nbsp; 31674 |
| &nbsp;&nbsp;&nbsp; AL7381, 4.5000%, 6/1/45 | &nbsp;&nbsp;&nbsp;&nbsp; 57376 | &nbsp;&nbsp;&nbsp;&nbsp; 56963 |
| &nbsp;&nbsp;&nbsp; BJ4559, 3.5000%, 1/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 77494 | &nbsp;&nbsp;&nbsp;&nbsp; 72417 |
| &nbsp;&nbsp;&nbsp; BJ4566, 4.0000%, 1/1/48 | &nbsp;&nbsp; 578374 | &nbsp;&nbsp; 557392 |
| &nbsp;&nbsp;&nbsp; CA4646, 3.0000%, 2/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 68570 | &nbsp;&nbsp;&nbsp;&nbsp; 62325 |
| &nbsp;&nbsp;&nbsp; BK1964, 4.0000%, 3/1/48 | &nbsp;&nbsp; 178783 | &nbsp;&nbsp; 172073 |
| &nbsp;&nbsp;&nbsp; BJ9181, 5.0000%, 5/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 56820 | &nbsp;&nbsp;&nbsp;&nbsp; 57164 |
| &nbsp;&nbsp;&nbsp; MA3521, 4.0000%, 11/1/48 | &nbsp;&nbsp; 246795 | &nbsp;&nbsp; 235541 |
| &nbsp;&nbsp;&nbsp; BN3899, 4.0000%, 12/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 36765 | &nbsp;&nbsp;&nbsp;&nbsp; 35088 |
| &nbsp;&nbsp;&nbsp; FM3664, 4.0000%, 3/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 76415 | &nbsp;&nbsp;&nbsp;&nbsp; 72930 |
| &nbsp;&nbsp;&nbsp; CA3683, 4.5000%, 6/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 13720 | &nbsp;&nbsp;&nbsp;&nbsp; 13414 |
| &nbsp;&nbsp;&nbsp; CA4035, 4.5000%, 8/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 20275 | &nbsp;&nbsp;&nbsp;&nbsp; 19823 |
| &nbsp;&nbsp;&nbsp; MA3774, 3.0000%, 9/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 65762 | &nbsp;&nbsp;&nbsp;&nbsp; 58757 |
| &nbsp;&nbsp;&nbsp; BO2983, 3.0000%, 9/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 35723 | &nbsp;&nbsp;&nbsp;&nbsp; 32207 |
| &nbsp;&nbsp;&nbsp; MA3908, 4.5000%, 1/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 28828 | &nbsp;&nbsp;&nbsp;&nbsp; 28187 |
| &nbsp;&nbsp;&nbsp; CA5573, 4.0000%, 4/1/50 | &nbsp;&nbsp; 106121 | &nbsp;&nbsp; 101154 |
| &nbsp;&nbsp;&nbsp; MA4079, 3.0000%, 7/1/50 | 1001096 | &nbsp;&nbsp; 890726 |
| &nbsp;&nbsp;&nbsp; BK2913, 2.5000%, 8/1/50 | &nbsp;&nbsp; 110085 | &nbsp;&nbsp;&nbsp;&nbsp; 95063 |
| &nbsp;&nbsp;&nbsp; FM5076, 4.0000%, 8/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 93618 | &nbsp;&nbsp;&nbsp;&nbsp; 89236 |
| &nbsp;&nbsp;&nbsp; FS2713, 4.5000%, 10/1/50 | &nbsp;&nbsp; 496099 | &nbsp;&nbsp; 486659 |
| &nbsp;&nbsp;&nbsp; FS5362, 4.5000%, 12/1/50 | &nbsp;&nbsp; 697041 | &nbsp;&nbsp; 683777 |
| &nbsp;&nbsp;&nbsp; 20510201, 2.5000%, 2/1/51 | &nbsp;&nbsp; 904949 | &nbsp;&nbsp; 762852 |
| &nbsp;&nbsp;&nbsp; FS2546, 4.0000%, 3/1/51 | &nbsp;&nbsp;&nbsp;&nbsp; 19545 | &nbsp;&nbsp;&nbsp;&nbsp; 18653 |
| &nbsp;&nbsp;&nbsp; 20510401, 3.0000%, 4/1/51 | &nbsp;&nbsp; 111024 | &nbsp;&nbsp;&nbsp;&nbsp; 98893 |
| &nbsp;&nbsp;&nbsp; 20510501, 2.5000%, 5/1/51 | &nbsp;&nbsp; 255317 | &nbsp;&nbsp; 215134 |
| &nbsp;&nbsp;&nbsp; MA4378, 2.0000%, 7/1/51 | 3309282 | 2685209 |
| &nbsp;&nbsp;&nbsp; FS0359, 2.5000%, 1/1/52 | &nbsp;&nbsp; 720654 | &nbsp;&nbsp; 617653 |
| &nbsp;&nbsp;&nbsp; CB2681, 3.5000%, 1/1/52 | &nbsp;&nbsp; 292492 | &nbsp;&nbsp; 272386 |
| &nbsp;&nbsp;&nbsp; FS0662, 2.5000%, 2/1/52 | 3484802 | 2984572 |
| &nbsp;&nbsp;&nbsp; CB2750, 2.5000%, 2/1/52 | 1454368 | 1236038 |
| &nbsp;&nbsp;&nbsp; 20520201, 2.5000%, 2/1/52 | &nbsp;&nbsp; 814164 | &nbsp;&nbsp; 686196 |
| &nbsp;&nbsp;&nbsp; CB2907, 3.5000%, 2/1/52 | &nbsp;&nbsp; 791724 | &nbsp;&nbsp; 737241 |
| &nbsp;&nbsp;&nbsp; FS5988, 2.5000%, 3/1/52 | 1610466 | 1376616 |
| &nbsp;&nbsp;&nbsp; CB3043, 2.5000%, 3/1/52 | 1522427 | 1303889 |
| &nbsp;&nbsp;&nbsp; FS1081, 2.5000%, 3/1/52 | 1490056 | 1274609 |
| &nbsp;&nbsp;&nbsp; CB3042, 2.5000%, 3/1/52 | &nbsp;&nbsp; 549973 | &nbsp;&nbsp; 471077 |
| &nbsp;&nbsp;&nbsp; BT2256, 2.5000%, 3/1/52 | &nbsp;&nbsp; 131587 | &nbsp;&nbsp; 112520 |
| &nbsp;&nbsp;&nbsp; BV2965, 2.5000%, 3/1/52 | &nbsp;&nbsp; 107508 | &nbsp;&nbsp;&nbsp;&nbsp; 91964 |
| &nbsp;&nbsp;&nbsp; BV5152, 2.5000%, 3/1/52 | &nbsp;&nbsp; 107296 | &nbsp;&nbsp;&nbsp;&nbsp; 91894 |
| &nbsp;&nbsp;&nbsp; BV2962, 2.5000%, 3/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 46168 | &nbsp;&nbsp;&nbsp;&nbsp; 39519 |
| &nbsp;&nbsp;&nbsp; BV4144, 3.0000%, 3/1/52 | &nbsp;&nbsp; 552413 | &nbsp;&nbsp; 491557 |
| &nbsp;&nbsp;&nbsp; FS1184, 3.5000%, 3/1/52 | &nbsp;&nbsp; 960371 | &nbsp;&nbsp; 891897 |
| &nbsp;&nbsp;&nbsp; BV5379, 3.0000%, 4/1/52 | &nbsp;&nbsp; 482714 | &nbsp;&nbsp; 430814 |
| &nbsp;&nbsp;&nbsp; BV5380, 3.0000%, 4/1/52 | &nbsp;&nbsp; 416012 | &nbsp;&nbsp; 370135 |
| &nbsp;&nbsp;&nbsp; CB3240, 3.0000%, 4/1/52 | &nbsp;&nbsp; 117804 | &nbsp;&nbsp; 104748 |
| &nbsp;&nbsp;&nbsp; BV5393, 3.5000%, 4/1/52 | &nbsp;&nbsp; 212592 | &nbsp;&nbsp; 197334 |
| &nbsp;&nbsp;&nbsp; FS1301, 3.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 79983 | &nbsp;&nbsp;&nbsp;&nbsp; 73742 |
| &nbsp;&nbsp;&nbsp; BV4203, 3.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 75090 | &nbsp;&nbsp;&nbsp;&nbsp; 69701 |
| &nbsp;&nbsp;&nbsp; BV8484, 3.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 74232 | &nbsp;&nbsp;&nbsp;&nbsp; 68904 |
| &nbsp;&nbsp;&nbsp; BV6879, 4.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 55670 | &nbsp;&nbsp;&nbsp;&nbsp; 53975 |
| &nbsp;&nbsp;&nbsp; BV7632, 4.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 42772 | &nbsp;&nbsp;&nbsp;&nbsp; 41470 |
| &nbsp;&nbsp;&nbsp; BW0081, 4.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 31484 | &nbsp;&nbsp;&nbsp;&nbsp; 30523 |
| &nbsp;&nbsp;&nbsp; BV7132, 4.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 22161 | &nbsp;&nbsp;&nbsp;&nbsp; 21484 |
| &nbsp;&nbsp;&nbsp; BW0072, 4.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 18689 | &nbsp;&nbsp;&nbsp;&nbsp; 18118 |
| &nbsp;&nbsp;&nbsp; BV7131, 4.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 17691 | &nbsp;&nbsp;&nbsp;&nbsp; 17151 |
| &nbsp;&nbsp;&nbsp; FS6926, 2.5000%, 5/1/52 | 3036796 | 2599647 |
| &nbsp;&nbsp;&nbsp; CB3501, 3.5000%, 5/1/52 | &nbsp;&nbsp; 135414 | &nbsp;&nbsp; 125098 |
| &nbsp;&nbsp;&nbsp; FS3377, 4.0000%, 5/1/52 | &nbsp;&nbsp; 273851 | &nbsp;&nbsp; 261363 |
| &nbsp;&nbsp;&nbsp; BW0343, 4.5000%, 5/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 86852 | &nbsp;&nbsp;&nbsp;&nbsp; 84200 |
| &nbsp;&nbsp;&nbsp; FS2144, 3.5000%, 6/1/52 | &nbsp;&nbsp; 695151 | &nbsp;&nbsp; 645587 |
| &nbsp;&nbsp;&nbsp; FS5339, 3.0000%, 7/1/52 | &nbsp;&nbsp; 673553 | &nbsp;&nbsp; 598193 |
| &nbsp;&nbsp;&nbsp; FS5491, 3.0000%, 7/1/52 | &nbsp;&nbsp; 572417 | &nbsp;&nbsp; 508373 |
| &nbsp;&nbsp;&nbsp; CB4329, 3.5000%, 7/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 59847 | &nbsp;&nbsp;&nbsp;&nbsp; 55580 |
| &nbsp;&nbsp;&nbsp; BW7369, 5.0000%, 10/1/52 | &nbsp;&nbsp; 298697 | &nbsp;&nbsp; 297911 |
| &nbsp;&nbsp;&nbsp; BW1288, 5.0000%, 10/1/52 | &nbsp;&nbsp; 136133 | &nbsp;&nbsp; 135503 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Mortgage-Backed Securities – (continued) |  |  |
| Fannie Mae Pool – (continued) |  |  |
| &nbsp;&nbsp;&nbsp; BT8021, 5.0000%, 1/1/53 | $198443 | &nbsp;&nbsp; $197920 |
| &nbsp;&nbsp;&nbsp; BX5759, 5.0000%, 1/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 69683 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69471 |
| &nbsp;&nbsp;&nbsp; BX5969, 5.0000%, 2/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 81518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81228 |
| &nbsp;&nbsp;&nbsp; BX8071, 5.0000%, 3/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 42005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41825 |
| &nbsp;&nbsp;&nbsp; BX7860, 5.5000%, 3/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 87388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89062 |
| &nbsp;&nbsp;&nbsp; BX9351, 5.0000%, 4/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 93202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92802 |
| &nbsp;&nbsp;&nbsp; BY0782, 5.5000%, 4/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 51610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52778 |
| &nbsp;&nbsp;&nbsp; BY1920, 5.0000%, 5/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 50797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50579 |
| &nbsp;&nbsp;&nbsp; BY1896, 5.5000%, 5/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 94424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95937 |
| &nbsp;&nbsp;&nbsp; BY0866, 5.5000%, 5/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 48457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49322 |
| &nbsp;&nbsp;&nbsp; BY3263, 5.0000%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 72669 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72357 |
| &nbsp;&nbsp;&nbsp; BY2783, 5.0000%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 55931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55691 |
| &nbsp;&nbsp;&nbsp; BY4284, 5.5000%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 28850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29517 |
| &nbsp;&nbsp;&nbsp; CB6686, 4.5000%, 7/1/53 | &nbsp;&nbsp; 325532 | &nbsp;&nbsp;&nbsp;&nbsp; 318323 |
| &nbsp;&nbsp;&nbsp; BY6374, 5.5000%, 7/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 76577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77804 |
| &nbsp;&nbsp;&nbsp; BY7004, 5.5000%, 7/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 26545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27159 |
| &nbsp;&nbsp;&nbsp; CB6851, 4.5000%, 8/1/53 | &nbsp;&nbsp; 228891 | &nbsp;&nbsp;&nbsp;&nbsp; 223800 |
| &nbsp;&nbsp;&nbsp; BY6690, 5.0000%, 8/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 59950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59737 |
| &nbsp;&nbsp;&nbsp; CB7112, 5.5000%, 9/1/53 | 1349491 | &nbsp;&nbsp; 1379372 |
| &nbsp;&nbsp;&nbsp; CB7430, 5.5000%, 11/1/53 | &nbsp;&nbsp; 474414 | &nbsp;&nbsp;&nbsp;&nbsp; 485320 |
| &nbsp;&nbsp;&nbsp; 20540101, 2.5000%, 1/1/54 | &nbsp;&nbsp; 455422 | &nbsp;&nbsp;&nbsp;&nbsp; 385736 |
| &nbsp;&nbsp;&nbsp; FS8037, 6.0000%, 1/1/54 | &nbsp;&nbsp; 441047 | &nbsp;&nbsp;&nbsp;&nbsp; 458883 |
| &nbsp;&nbsp;&nbsp; CB8134, 5.5000%, 3/1/54 | &nbsp;&nbsp; 869640 | &nbsp;&nbsp;&nbsp;&nbsp; 888511 |
| &nbsp;&nbsp;&nbsp; FS7607, 6.0000%, 3/1/54 | &nbsp;&nbsp; 376045 | &nbsp;&nbsp;&nbsp;&nbsp; 389134 |
| &nbsp;&nbsp;&nbsp; FS7643, 6.0000%, 4/1/54 | &nbsp;&nbsp; 923641 | &nbsp;&nbsp;&nbsp;&nbsp; 960060 |
| &nbsp;&nbsp;&nbsp; CB8543, 6.0000%, 5/1/54 | 1475926 | &nbsp;&nbsp; 1524250 |
| &nbsp;&nbsp;&nbsp; 20551001, 6.0000%, 10/1/55 | &nbsp;&nbsp; 261253 | &nbsp;&nbsp;&nbsp;&nbsp; 268597 |
| &nbsp;&nbsp;&nbsp; 20551201, 5.0000%, 12/1/55 | 1473732 | &nbsp;&nbsp; 1470239 |
| &nbsp;&nbsp;&nbsp; BF0130, 3.5000%, 8/1/56 | 1257567 | &nbsp;&nbsp; 1153692 |
| &nbsp;&nbsp;&nbsp; BF0167, 3.0000%, 2/1/57 | &nbsp;&nbsp; 879105 | &nbsp;&nbsp;&nbsp;&nbsp; 762318 |
| &nbsp;&nbsp;&nbsp; BF0189, 3.0000%, 6/1/57 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3678 |
| &nbsp;&nbsp;&nbsp; BF0619, 2.5000%, 3/1/62 | 3052734 | &nbsp;&nbsp; 2499556 |
| &nbsp;&nbsp;&nbsp; BF0598, 2.5000%, 3/1/62 | &nbsp;&nbsp; 621583 | &nbsp;&nbsp;&nbsp;&nbsp; 517915 |
|  |  | 43605869 |
| Freddie Mac Gold Pool: |  |  |
| &nbsp;&nbsp;&nbsp; Q58477, 4.0000%, 9/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 76231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72836 |
| Freddie Mac Pool: |  |  |
| &nbsp;&nbsp;&nbsp; ZS7403, 3.0000%, 5/1/31 | &nbsp;&nbsp; 377523 | &nbsp;&nbsp;&nbsp;&nbsp; 369717 |
| &nbsp;&nbsp;&nbsp; ZK8962, 3.0000%, 9/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 89483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86951 |
| &nbsp;&nbsp;&nbsp; ZK9009, 3.0000%, 10/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 28921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28062 |
| &nbsp;&nbsp;&nbsp; ZK9163, 3.0000%, 1/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 57902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56209 |
| &nbsp;&nbsp;&nbsp; SB0040, 2.5000%, 12/1/33 | &nbsp;&nbsp; 484602 | &nbsp;&nbsp;&nbsp;&nbsp; 467446 |
| &nbsp;&nbsp;&nbsp; QN0786, 3.0000%, 10/1/34 | &nbsp;&nbsp; 131132 | &nbsp;&nbsp;&nbsp;&nbsp; 126292 |
| &nbsp;&nbsp;&nbsp; QN0783, 3.0000%, 10/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 60680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58387 |
| &nbsp;&nbsp;&nbsp; QN0951, 2.5000%, 11/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 82511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78363 |
| &nbsp;&nbsp;&nbsp; SB0116, 2.5000%, 11/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 59689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56718 |
| &nbsp;&nbsp;&nbsp; SB0866, 2.5000%, 6/1/37 | 1151135 | &nbsp;&nbsp; 1088212 |
| &nbsp;&nbsp;&nbsp; ZS3695, 6.0000%, 4/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 57833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60848 |
| &nbsp;&nbsp;&nbsp; ZT1145, 4.5000%, 5/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 45477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45149 |
| &nbsp;&nbsp;&nbsp; ZT1173, 4.0000%, 2/1/46 | &nbsp;&nbsp; 201801 | &nbsp;&nbsp;&nbsp;&nbsp; 195390 |
| &nbsp;&nbsp;&nbsp; ZM1434, 3.5000%, 7/1/46 | &nbsp;&nbsp; 130569 | &nbsp;&nbsp;&nbsp;&nbsp; 122319 |
| &nbsp;&nbsp;&nbsp; ZT1633, 4.0000%, 3/1/47 | &nbsp;&nbsp;&nbsp;&nbsp; 44453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42907 |
| &nbsp;&nbsp;&nbsp; ZM5707, 3.5000%, 2/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 75063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70011 |
| &nbsp;&nbsp;&nbsp; ZM6276, 4.0000%, 4/1/48 | &nbsp;&nbsp; 178603 | &nbsp;&nbsp;&nbsp;&nbsp; 171632 |
| &nbsp;&nbsp;&nbsp; ZM7182, 4.5000%, 7/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 37397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36686 |
| &nbsp;&nbsp;&nbsp; ZM7926, 5.0000%, 9/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 10685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10749 |
| &nbsp;&nbsp;&nbsp; ZT1320, 4.0000%, 11/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 22080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21073 |
| &nbsp;&nbsp;&nbsp; SI2017, 4.0000%, 12/1/48 | &nbsp;&nbsp; 261162 | &nbsp;&nbsp;&nbsp;&nbsp; 249251 |
| &nbsp;&nbsp;&nbsp; ZA7158, 4.5000%, 6/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 20222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19807 |
| &nbsp;&nbsp;&nbsp; RA1087, 4.5000%, 7/1/49 | &nbsp;&nbsp; 132642 | &nbsp;&nbsp;&nbsp;&nbsp; 129917 |
| &nbsp;&nbsp;&nbsp; RA1088, 4.5000%, 7/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 26334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25746 |
| &nbsp;&nbsp;&nbsp; QA2159, 3.0000%, 8/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 37548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33077 |
| &nbsp;&nbsp;&nbsp; RA1188, 4.5000%, 8/1/49 | &nbsp;&nbsp; 133082 | &nbsp;&nbsp;&nbsp;&nbsp; 130348 |
| &nbsp;&nbsp;&nbsp; QA4936, 3.0000%, 12/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 82728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73737 |
| &nbsp;&nbsp;&nbsp; QA5622, 3.0000%, 12/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 42211 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37623 |
| &nbsp;&nbsp;&nbsp; RA1999, 4.5000%, 1/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 93923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91994 |
| &nbsp;&nbsp;&nbsp; SD8040, 4.5000%, 1/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 22297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21801 |
| &nbsp;&nbsp;&nbsp; SD1551, 4.0000%, 3/1/50 | &nbsp;&nbsp; 253218 | &nbsp;&nbsp;&nbsp;&nbsp; 241670 |
| &nbsp;&nbsp;&nbsp; QB1708, 2.5000%, 8/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 52624 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45460 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Mortgage-Backed Securities – (continued) |  |  |
| Freddie Mac Pool – (continued) |  |  |
| &nbsp;&nbsp;&nbsp; QB2976, 2.5000%, 8/1/50 | &nbsp;&nbsp; $23686 | &nbsp;&nbsp;&nbsp;&nbsp; $20454 |
| &nbsp;&nbsp;&nbsp; QB3353, 2.5000%, 9/1/50 | &nbsp;&nbsp; 100860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87066 |
| &nbsp;&nbsp;&nbsp; SD1143, 4.5000%, 9/1/50 | &nbsp;&nbsp; 750805 | &nbsp;&nbsp;&nbsp;&nbsp; 736517 |
| &nbsp;&nbsp;&nbsp; RA5285, 2.5000%, 5/1/51 | 1052290 | &nbsp;&nbsp;&nbsp;&nbsp; 896930 |
| &nbsp;&nbsp;&nbsp; QC5848, 2.5000%, 8/1/51 | 2858818 | &nbsp;&nbsp; 2434971 |
| &nbsp;&nbsp;&nbsp; RA5906, 2.5000%, 9/1/51 | 1752988 | &nbsp;&nbsp; 1501188 |
| &nbsp;&nbsp;&nbsp; SD0688, 2.5000%, 10/1/51 | 2123357 | &nbsp;&nbsp; 1815690 |
| &nbsp;&nbsp;&nbsp; SD7548, 2.5000%, 11/1/51 | &nbsp;&nbsp; 597994 | &nbsp;&nbsp;&nbsp;&nbsp; 513452 |
| &nbsp;&nbsp;&nbsp; QD6087, 2.5000%, 1/1/52 | &nbsp;&nbsp; 227632 | &nbsp;&nbsp;&nbsp;&nbsp; 195230 |
| &nbsp;&nbsp;&nbsp; QD4842, 2.5000%, 1/1/52 | &nbsp;&nbsp; 141130 | &nbsp;&nbsp;&nbsp;&nbsp; 120915 |
| &nbsp;&nbsp;&nbsp; QD7069, 2.5000%, 2/1/52 | &nbsp;&nbsp; 351305 | &nbsp;&nbsp;&nbsp;&nbsp; 300876 |
| &nbsp;&nbsp;&nbsp; QD9513, 2.5000%, 2/1/52 | &nbsp;&nbsp; 227658 | &nbsp;&nbsp;&nbsp;&nbsp; 194149 |
| &nbsp;&nbsp;&nbsp; QD6554, 3.0000%, 2/1/52 | &nbsp;&nbsp; 154255 | &nbsp;&nbsp;&nbsp;&nbsp; 137279 |
| &nbsp;&nbsp;&nbsp; QD6555, 3.0000%, 2/1/52 | &nbsp;&nbsp; 104607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93384 |
| &nbsp;&nbsp;&nbsp; SD0931, 2.5000%, 3/1/52 | 2098643 | &nbsp;&nbsp; 1791953 |
| &nbsp;&nbsp;&nbsp; QD8288, 2.5000%, 3/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 62448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53419 |
| &nbsp;&nbsp;&nbsp; QD9182, 3.0000%, 3/1/52 | &nbsp;&nbsp; 181790 | &nbsp;&nbsp;&nbsp;&nbsp; 162264 |
| &nbsp;&nbsp;&nbsp; QE0318, 4.5000%, 3/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 14831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14380 |
| &nbsp;&nbsp;&nbsp; SD0943, 3.5000%, 4/1/52 | &nbsp;&nbsp; 320714 | &nbsp;&nbsp;&nbsp;&nbsp; 298644 |
| &nbsp;&nbsp;&nbsp; QE1073, 3.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 47770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44341 |
| &nbsp;&nbsp;&nbsp; QD9191, 3.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 36766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34127 |
| &nbsp;&nbsp;&nbsp; SD8212, 2.5000%, 5/1/52 | 2489810 | &nbsp;&nbsp; 2108827 |
| &nbsp;&nbsp;&nbsp; SD3493, 2.5000%, 5/1/52 | &nbsp;&nbsp; 864837 | &nbsp;&nbsp;&nbsp;&nbsp; 740061 |
| &nbsp;&nbsp;&nbsp; SD1041, 3.0000%, 6/1/52 | 2081021 | &nbsp;&nbsp; 1858561 |
| &nbsp;&nbsp;&nbsp; SD3523, 3.0000%, 6/1/52 | 1488769 | &nbsp;&nbsp; 1322199 |
| &nbsp;&nbsp;&nbsp; SD7023, 3.0000%, 6/1/52 | &nbsp;&nbsp; 556253 | &nbsp;&nbsp;&nbsp;&nbsp; 493925 |
| &nbsp;&nbsp;&nbsp; SD1840, 3.0000%, 6/1/52 | &nbsp;&nbsp; 403229 | &nbsp;&nbsp;&nbsp;&nbsp; 358114 |
| &nbsp;&nbsp;&nbsp; SD1150, 3.5000%, 6/1/52 | 1244569 | &nbsp;&nbsp; 1158923 |
| &nbsp;&nbsp;&nbsp; QF0488, 5.5000%, 9/1/52 | &nbsp;&nbsp; 303373 | &nbsp;&nbsp;&nbsp;&nbsp; 309402 |
| &nbsp;&nbsp;&nbsp; QF2386, 5.0000%, 10/1/52 | &nbsp;&nbsp; 551031 | &nbsp;&nbsp;&nbsp;&nbsp; 547989 |
| &nbsp;&nbsp;&nbsp; QF2145, 5.0000%, 10/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 18862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18805 |
| &nbsp;&nbsp;&nbsp; QF2437, 5.5000%, 10/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 21407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21902 |
| &nbsp;&nbsp;&nbsp; QF7813, 5.0000%, 1/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 40417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40310 |
| &nbsp;&nbsp;&nbsp; QF6841, 5.0000%, 1/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 35320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35213 |
| &nbsp;&nbsp;&nbsp; QF9871, 5.0000%, 3/1/53 | &nbsp;&nbsp; 147083 | &nbsp;&nbsp;&nbsp;&nbsp; 146451 |
| &nbsp;&nbsp;&nbsp; QF8398, 5.0000%, 3/1/53 | &nbsp;&nbsp; 144041 | &nbsp;&nbsp;&nbsp;&nbsp; 143423 |
| &nbsp;&nbsp;&nbsp; QG1442, 5.0000%, 4/1/53 | &nbsp;&nbsp; 158657 | &nbsp;&nbsp;&nbsp;&nbsp; 157513 |
| &nbsp;&nbsp;&nbsp; QG2380, 5.0000%, 5/1/53 | &nbsp;&nbsp; 328048 | &nbsp;&nbsp;&nbsp;&nbsp; 325684 |
| &nbsp;&nbsp;&nbsp; QG3598, 5.0000%, 5/1/53 | &nbsp;&nbsp; 201546 | &nbsp;&nbsp;&nbsp;&nbsp; 200094 |
| &nbsp;&nbsp;&nbsp; QG3742, 5.0000%, 5/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 28283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28161 |
| &nbsp;&nbsp;&nbsp; SD2897, 5.5000%, 5/1/53 | &nbsp;&nbsp; 245012 | &nbsp;&nbsp;&nbsp;&nbsp; 248992 |
| &nbsp;&nbsp;&nbsp; QG2543, 5.5000%, 5/1/53 | &nbsp;&nbsp; 143376 | &nbsp;&nbsp;&nbsp;&nbsp; 145673 |
| &nbsp;&nbsp;&nbsp; QG3917, 5.0000%, 6/1/53 | &nbsp;&nbsp; 740037 | &nbsp;&nbsp;&nbsp;&nbsp; 734704 |
| &nbsp;&nbsp;&nbsp; QG4742, 5.0000%, 6/1/53 | &nbsp;&nbsp; 134556 | &nbsp;&nbsp;&nbsp;&nbsp; 133027 |
| &nbsp;&nbsp;&nbsp; QG5161, 5.0000%, 6/1/53 | &nbsp;&nbsp; 126069 | &nbsp;&nbsp;&nbsp;&nbsp; 124636 |
| &nbsp;&nbsp;&nbsp; QG5055, 5.0000%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 93161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92138 |
| &nbsp;&nbsp;&nbsp; QG4676, 5.0000%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 39391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38969 |
| &nbsp;&nbsp;&nbsp; QG3912, 5.5000%, 6/1/53 | &nbsp;&nbsp; 476222 | &nbsp;&nbsp;&nbsp;&nbsp; 483850 |
| &nbsp;&nbsp;&nbsp; QG4741, 5.5000%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 76319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76843 |
| &nbsp;&nbsp;&nbsp; QG6693, 5.5000%, 7/1/53 | &nbsp;&nbsp; 321548 | &nbsp;&nbsp;&nbsp;&nbsp; 327288 |
| &nbsp;&nbsp;&nbsp; QG7441, 5.5000%, 7/1/53 | &nbsp;&nbsp; 188551 | &nbsp;&nbsp;&nbsp;&nbsp; 191571 |
| &nbsp;&nbsp;&nbsp; SD4294, 5.5000%, 9/1/53 | &nbsp;&nbsp; 347006 | &nbsp;&nbsp;&nbsp;&nbsp; 354813 |
| &nbsp;&nbsp;&nbsp; RA9851, 6.0000%, 9/1/53 | 2633130 | &nbsp;&nbsp; 2724805 |
| &nbsp;&nbsp;&nbsp; SD4009, 6.0000%, 9/1/53 | &nbsp;&nbsp; 751840 | &nbsp;&nbsp;&nbsp;&nbsp; 778008 |
| &nbsp;&nbsp;&nbsp; SD4668, 6.0000%, 10/1/53 | 1258522 | &nbsp;&nbsp; 1293540 |
| &nbsp;&nbsp;&nbsp; SD4247, 6.5000%, 11/1/53 | &nbsp;&nbsp; 759706 | &nbsp;&nbsp;&nbsp;&nbsp; 797874 |
| &nbsp;&nbsp;&nbsp; 20540101, 2.5000%, 1/1/54 | &nbsp;&nbsp; 546446 | &nbsp;&nbsp;&nbsp;&nbsp; 462338 |
| &nbsp;&nbsp;&nbsp; QI2699, 5.5000%, 4/1/54 | &nbsp;&nbsp; 222565 | &nbsp;&nbsp;&nbsp;&nbsp; 227672 |
| &nbsp;&nbsp;&nbsp; RJ1341, 6.0000%, 4/1/54 | 1070662 | &nbsp;&nbsp; 1107945 |
| &nbsp;&nbsp;&nbsp; RJ3021, 5.5000%, 12/1/54 | 2577059 | &nbsp;&nbsp; 2606006 |
| &nbsp;&nbsp;&nbsp; SL1226, 5.5000%, 5/1/55 | 2371379 | &nbsp;&nbsp; 2416191 |
| &nbsp;&nbsp;&nbsp; RJ4363, 5.5000%, 6/1/55 | &nbsp;&nbsp; 706845 | &nbsp;&nbsp;&nbsp;&nbsp; 721719 |
| &nbsp;&nbsp;&nbsp; 20551101, 6.0000%, 11/1/55 | &nbsp;&nbsp; 361917 | &nbsp;&nbsp;&nbsp;&nbsp; 372465 |
| &nbsp;&nbsp;&nbsp; 20560101, 5.0000%, 1/1/56 | 3642217 | &nbsp;&nbsp; 3625888 |
|  |  | 45843293 |
| Ginnie Mae: |  |  |
| &nbsp;&nbsp;&nbsp; 2.5000%, TBA, 30 Year Maturity | 3288763 | &nbsp;&nbsp; 2827169 |
| &nbsp;&nbsp;&nbsp; 3.5000%, TBA, 30 Year Maturity | 2835736 | &nbsp;&nbsp; 2587053 |

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| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Mortgage-Backed Securities – (continued) |  |  |
| Ginnie Mae – (continued) |  |  |
| &nbsp;&nbsp;&nbsp; 4.0000%, TBA, 30 Year Maturity | &nbsp;&nbsp; $158727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $148553 |
| &nbsp;&nbsp;&nbsp; 5.0000%, TBA, 30 Year Maturity | &nbsp;&nbsp;&nbsp;&nbsp; 982425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 972324 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6535099 |
| Ginnie Mae I Pool: |  |  |
| &nbsp;&nbsp;&nbsp; 784059, 4.0000%, 1/15/45 | &nbsp;&nbsp;&nbsp;&nbsp; 728961 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 703694 |
| &nbsp;&nbsp;&nbsp; 784182, 4.5000%, 8/15/46 | &nbsp;&nbsp;&nbsp;&nbsp; 923458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 910684 |
| &nbsp;&nbsp;&nbsp; BC7161, 4.0000%, 8/15/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34955 |
| &nbsp;&nbsp;&nbsp; BD7109, 4.0000%, 11/15/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21164 |
| &nbsp;&nbsp;&nbsp; BD7135, 4.0000%, 12/15/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80645 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1751142 |
| Ginnie Mae II Pool: |  |  |
| &nbsp;&nbsp;&nbsp; MA4068, 3.0000%, 11/20/46 | &nbsp;&nbsp; 1618153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1468207 |
| &nbsp;&nbsp;&nbsp; BB9817, 4.0000%, 8/20/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91722 |
| &nbsp;&nbsp;&nbsp; BB9835, 4.0000%, 8/20/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24924 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23803 |
| &nbsp;&nbsp;&nbsp; BB9814, 4.0000%, 8/20/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9167 |
| &nbsp;&nbsp;&nbsp; MA5021, 4.5000%, 2/20/48 | &nbsp;&nbsp;&nbsp;&nbsp; 109024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107266 |
| &nbsp;&nbsp;&nbsp; MA5192, 4.0000%, 5/20/48 | &nbsp;&nbsp;&nbsp;&nbsp; 142371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135833 |
| &nbsp;&nbsp;&nbsp; BH3673, 4.5000%, 5/20/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96872 |
| &nbsp;&nbsp;&nbsp; BH3672, 4.5000%, 5/20/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22334 |
| &nbsp;&nbsp;&nbsp; MA5264, 4.0000%, 6/20/48 | &nbsp;&nbsp;&nbsp;&nbsp; 209632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199873 |
| &nbsp;&nbsp;&nbsp; MA5400, 5.0000%, 8/20/48 | &nbsp;&nbsp;&nbsp;&nbsp; 178189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 179237 |
| &nbsp;&nbsp;&nbsp; MA5930, 3.5000%, 5/20/49 | &nbsp;&nbsp; 2113526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1972475 |
| &nbsp;&nbsp;&nbsp; MA7255, 2.5000%, 3/20/51 | &nbsp;&nbsp; 2067917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1778715 |
| &nbsp;&nbsp;&nbsp; MA7313, 3.0000%, 4/20/51 | &nbsp;&nbsp; 1089422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 973787 |
| &nbsp;&nbsp;&nbsp; MA7473, 3.0000%, 7/20/51 | &nbsp;&nbsp; 1019157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 910743 |
| &nbsp;&nbsp;&nbsp; MA7535, 3.0000%, 8/20/51 | &nbsp;&nbsp; 2805193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2506572 |
| &nbsp;&nbsp;&nbsp; 785843, 2.5000%, 1/20/52 | &nbsp;&nbsp; 1742975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1484806 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11961412 |
| Total Mortgage-Backed Securities (cost $140,930,603) |  | &nbsp;&nbsp; 138802408 |
| United States Treasury Notes/Bonds – 7.3% |  |  |
| &nbsp;&nbsp;&nbsp; 3.3750%, 11/30/27 | 10142000 | &nbsp;&nbsp;&nbsp;&nbsp; 10067124 |
| &nbsp;&nbsp;&nbsp; 3.3750%, 12/31/27 | &nbsp;&nbsp; 1317000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1306865 |
| &nbsp;&nbsp;&nbsp; 3.5000%, 3/15/29 | &nbsp;&nbsp; 1728900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1713637 |
| &nbsp;&nbsp;&nbsp; 3.8750%, 3/31/31 | 12777000 | &nbsp;&nbsp;&nbsp;&nbsp; 12736074 |
| &nbsp;&nbsp;&nbsp; 4.2500%, 3/31/33 | &nbsp;&nbsp; 1261000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1269669 |
| &nbsp;&nbsp;&nbsp; 4.1250%, 2/15/36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50892 |
| &nbsp;&nbsp;&nbsp; 4.6250%, 2/15/46 | &nbsp;&nbsp; 8949200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8627588 |
| &nbsp;&nbsp;&nbsp; 4.6250%, 11/15/55 | &nbsp;&nbsp; 9743700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9309801 |
| Total United States Treasury Notes/Bonds (cost $45,787,217) |  | &nbsp;&nbsp;&nbsp;&nbsp; 45081650 |
| Investment Companies<sup>£</sup> – 7.1% |  |  |
| Exchange-Traded Funds (ETFs) – 1.2% |  |  |
| &nbsp;&nbsp;&nbsp; Janus Henderson Emerging Markets Debt Hard Currency | &nbsp;&nbsp;&nbsp;&nbsp; 144943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7603797 |
| Money Markets – 5.9% |  |  |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 3.6408%<sup>ºº</sup> <br>| 36150162 | &nbsp;&nbsp;&nbsp;&nbsp; 36150162 |
| Total Investment Companies (cost $43,673,380) |  | &nbsp;&nbsp;&nbsp;&nbsp; 43753959 |
| Investments Purchased with Cash Collateral from Securities Lending – 0.3% |  |  |
| Investment Companies – 0.2% |  |  |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 3.5801%<sup>ºº,</sup><sup>£</sup> <br>| &nbsp;&nbsp; 1599639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1599639 |
| Time Deposits – 0.1% |  |  |
| &nbsp;&nbsp;&nbsp; Royal Bank of Canada, 3.6500%, 4/1/26 | &nbsp;&nbsp; $399910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 399910 |
| Total Investments Purchased with Cash Collateral from Securities Lending (cost $1,999,549) | Total Investments Purchased with Cash Collateral from Securities Lending (cost $1,999,549) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1999549 |
| Total Investments (total cost $651,519,830) – 104.7% |  | &nbsp;&nbsp; 646277662 |
| Liabilities, net of Cash, Receivables and Other Assets – (4.7)% |  | &nbsp;&nbsp; (29278366) |
| Net Assets – 100% |  | $616999296 |

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

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| | | |
|:---|:---|:---|
| ***Summary of Investments by Country - (Long Positions) (unaudited)*** |  |  |
| *Country* | *Value* | &nbsp;&nbsp; *% of* <br>*Investment* <br>*Securities*<br>|
| United States | $621468091 | &nbsp;&nbsp;&nbsp;&nbsp; 96.2<br> %<br>|
| United Kingdom | 13663105 | &nbsp;&nbsp;&nbsp;&nbsp;2.1 |
| Israel | 4745400 | &nbsp;&nbsp;&nbsp;&nbsp;0.7 |
| Luxembourg | 2861040 | &nbsp;&nbsp;&nbsp;&nbsp;0.5 |
| Australia | 2164629 | &nbsp;&nbsp;&nbsp;&nbsp;0.3 |
| Zambia | 720551 | &nbsp;&nbsp;&nbsp;&nbsp;0.1 |
| Ireland | 654846 | &nbsp;&nbsp;&nbsp;&nbsp;0.1 |
| Total | $646277662 | &nbsp;&nbsp;&nbsp;&nbsp; 100.0<br> %<br>|

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

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** |
| *Affiliate* | *Affiliated* <br>*Investments,* <br>*at Value at* <br>*12/31/25*<br>| *Purchases* | *Sales* <br>*Proceeds*<br>| *Realized* <br>*Gain/(Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation/* <br>*Depreciation*<br>| *Affiliated* <br>*Investments,* <br>*at Value at* <br>*3/31/26*<br>| *Ending* <br>*Shares*<br>| *Dividend* <br>*Income*<br>|
| Investment Companies - 7.1% | Investment Companies - 7.1% | Investment Companies - 7.1% | Investment Companies - 7.1% | Investment Companies - 7.1% | Investment Companies - 7.1% | Investment Companies - 7.1% | Investment Companies - 7.1% | Investment Companies - 7.1% |
| Exchange-Traded Funds (ETFs) - 1.2% | Exchange-Traded Funds (ETFs) - 1.2% | Exchange-Traded Funds (ETFs) - 1.2% | Exchange-Traded Funds (ETFs) - 1.2% | Exchange-Traded Funds (ETFs) - 1.2% | Exchange-Traded Funds (ETFs) - 1.2% | Exchange-Traded Funds (ETFs) - 1.2% | Exchange-Traded Funds (ETFs) - 1.2% | Exchange-Traded Funds (ETFs) - 1.2% |
| &nbsp;&nbsp;&nbsp; Janus Henderson Emerging Markets Debt Hard Currency | &nbsp;&nbsp;&nbsp; Janus Henderson Emerging Markets Debt Hard Currency | &nbsp;&nbsp;&nbsp; Janus Henderson Emerging Markets Debt Hard Currency | &nbsp;&nbsp;&nbsp; Janus Henderson Emerging Markets Debt Hard Currency | &nbsp;&nbsp;&nbsp; Janus Henderson Emerging Markets Debt Hard Currency | &nbsp;&nbsp;&nbsp; Janus Henderson Emerging Markets Debt Hard Currency | &nbsp;&nbsp;&nbsp; Janus Henderson Emerging Markets Debt Hard Currency | &nbsp;&nbsp;&nbsp; Janus Henderson Emerging Markets Debt Hard Currency | &nbsp;&nbsp;&nbsp; Janus Henderson Emerging Markets Debt Hard Currency |
|  | &nbsp;&nbsp; $7779817 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- | &nbsp;&nbsp; $(176020) | &nbsp;&nbsp; $7603797 | &nbsp;&nbsp; 144943 | &nbsp;&nbsp; $119933 |
| Money Markets - 5.9% | Money Markets - 5.9% | Money Markets - 5.9% | Money Markets - 5.9% | Money Markets - 5.9% | Money Markets - 5.9% | Money Markets - 5.9% | Money Markets - 5.9% | Money Markets - 5.9% |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 3.6408%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 3.6408%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 3.6408%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 3.6408%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 3.6408%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 3.6408%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 3.6408%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 3.6408%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 3.6408%<sup>ºº</sup>  |
|  | &nbsp;&nbsp; 24368221 | &nbsp;&nbsp; 76093913 | &nbsp;&nbsp; (64298493) | &nbsp;&nbsp; (4923) | &nbsp;&nbsp; (8556) | &nbsp;&nbsp; 36150162 | &nbsp;&nbsp; 36150162 | &nbsp;&nbsp; 327071 |
| Total Investment Companies - 7.1% | Total Investment Companies - 7.1% | Total Investment Companies - 7.1% | Total Investment Companies - 7.1% | Total Investment Companies - 7.1% | Total Investment Companies - 7.1% | Total Investment Companies - 7.1% | Total Investment Companies - 7.1% | Total Investment Companies - 7.1% |
|  | &nbsp;&nbsp; $32148038 | &nbsp;&nbsp; $76093913 | &nbsp;&nbsp; $(64298493) | &nbsp;&nbsp; $(4923) | &nbsp;&nbsp; $(184576) | &nbsp;&nbsp; $43753959 | &nbsp;&nbsp; 36295105 | &nbsp;&nbsp; $447004 |
| Investments Purchased with Cash Collateral from Securities Lending - 0.2% | Investments Purchased with Cash Collateral from Securities Lending - 0.2% | Investments Purchased with Cash Collateral from Securities Lending - 0.2% | Investments Purchased with Cash Collateral from Securities Lending - 0.2% | Investments Purchased with Cash Collateral from Securities Lending - 0.2% | Investments Purchased with Cash Collateral from Securities Lending - 0.2% | Investments Purchased with Cash Collateral from Securities Lending - 0.2% | Investments Purchased with Cash Collateral from Securities Lending - 0.2% | Investments Purchased with Cash Collateral from Securities Lending - 0.2% |
| Investment Companies - 0.2% | Investment Companies - 0.2% | Investment Companies - 0.2% | Investment Companies - 0.2% | Investment Companies - 0.2% | Investment Companies - 0.2% | Investment Companies - 0.2% | Investment Companies - 0.2% | Investment Companies - 0.2% |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 3.5801%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 3.5801%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 3.5801%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 3.5801%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 3.5801%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 3.5801%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 3.5801%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 3.5801%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 3.5801%<sup>ºº</sup>  |
|  | &nbsp;&nbsp; 403920 | &nbsp;&nbsp; 101539527 | &nbsp;&nbsp; (100343808) | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; 1599639 | &nbsp;&nbsp; 1599639 | &nbsp;&nbsp; 8958 <br><sup>∆</sup><br>|
| Total Affiliated Investments - 7.3% | Total Affiliated Investments - 7.3% | Total Affiliated Investments - 7.3% | Total Affiliated Investments - 7.3% | Total Affiliated Investments - 7.3% | Total Affiliated Investments - 7.3% | Total Affiliated Investments - 7.3% | Total Affiliated Investments - 7.3% | Total Affiliated Investments - 7.3% |
|  | &nbsp;&nbsp; $32551958 | &nbsp;&nbsp; $177633440 | &nbsp;&nbsp; $(164642301) | &nbsp;&nbsp; $(4923) | &nbsp;&nbsp; $(184576) | &nbsp;&nbsp; $45353598 | &nbsp;&nbsp; 37894744 | &nbsp;&nbsp; $455962 |

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

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| | | | | |
|:---|:---|:---|:---|:---|
| ***Schedule of Forward Foreign Currency Exchange Contracts*** | ***Schedule of Forward Foreign Currency Exchange Contracts*** | ***Schedule of Forward Foreign Currency Exchange Contracts*** | ***Schedule of Forward Foreign Currency Exchange Contracts*** | ***Schedule of Forward Foreign Currency Exchange Contracts*** |
| *Counterparty/* <br>*Foreign Currency*<br>| *Settlement* <br>*Date*<br>| &nbsp;&nbsp; *Foreign Currency* <br>*Amount (Sold)/* <br>*Purchased*<br>| &nbsp;&nbsp; *USD Currency* <br>*Amount (Sold)/* <br>*Purchased*<br>| &nbsp;&nbsp; *Market Value and* <br>*Unrealized* <br>*Appreciation/* <br>*(Depreciation)*<br>|
| BNP Paribas: | BNP Paribas: | BNP Paribas: | BNP Paribas: | BNP Paribas: |
| &nbsp;&nbsp;&nbsp; British Pound | 5/22/26 | &nbsp;&nbsp;&nbsp; 478994 | &nbsp;&nbsp;&nbsp; $(639385) | &nbsp;&nbsp;&nbsp; $(5559) |
| &nbsp;&nbsp;&nbsp; British Pound | 5/22/26 | &nbsp;&nbsp;&nbsp; (11002671) | &nbsp;&nbsp;&nbsp; 14746442 | &nbsp;&nbsp;&nbsp; 187216 |
| Total |  |  |  | &nbsp;&nbsp;&nbsp; $181657 |

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

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| | | | | |
|:---|:---|:---|:---|:---|
| ***Schedule of Futures*** | ***Schedule of Futures*** | ***Schedule of Futures*** | ***Schedule of Futures*** | ***Schedule of Futures*** |
| *Description* | *Number of* <br>*Contracts*<br>| &nbsp;&nbsp; *Expiration* <br>*Date*<br>| &nbsp;&nbsp; *Notional* <br>*Amount*<br>| &nbsp;&nbsp; *Value and* <br>*Unrealized* <br>*Appreciation/(Depreciation)*<br>|
| *Futures Long:* |  |  |  |  |
| 2 Year US Treasury Note | 786 | &nbsp;&nbsp;&nbsp; 7/6/26 | &nbsp;&nbsp;&nbsp; $163052015 | &nbsp;&nbsp;&nbsp; $(649461) |
| 5 Year US Treasury Note | 1091 | &nbsp;&nbsp;&nbsp; 7/6/26 | &nbsp;&nbsp;&nbsp; 118024040 | &nbsp;&nbsp;&nbsp; (1505617) |
| Ultra Long Term US Treasury Bond | 135 | &nbsp;&nbsp;&nbsp; 6/30/26 | &nbsp;&nbsp;&nbsp; 15735938 | &nbsp;&nbsp;&nbsp; (498456) |
| US Treasury Long Bond | 322 | &nbsp;&nbsp;&nbsp; 6/30/26 | &nbsp;&nbsp;&nbsp; 36667750 | &nbsp;&nbsp;&nbsp; (1061875) |
| Total - Futures Long |  |  |  | &nbsp;&nbsp;&nbsp; (3715409) |

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| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | *Number of*<br> *Contracts*<br>| &nbsp;&nbsp; *Expiration*<br> *Date*<br>| &nbsp;&nbsp; *Notional*<br> *Amount*<br>| &nbsp;&nbsp; *Value and*<br> *Unrealized*<br> *Appreciation/(Depreciation)*<br>|
| *Futures Short:* |  |  |  |  |
| 10 Year US Treasury Note | 238 | &nbsp;&nbsp;&nbsp; 6/30/26 | &nbsp;&nbsp;&nbsp; $(26429156) | &nbsp;&nbsp;&nbsp; $438875 |
| Ultra 10-Year Treasury Note | 31 | &nbsp;&nbsp;&nbsp; 6/30/26 | &nbsp;&nbsp;&nbsp; (3518984) | &nbsp;&nbsp;&nbsp; 62991 |
| Total - Futures Short |  |  |  | &nbsp;&nbsp;&nbsp; 501866 |
| Total |  |  |  | &nbsp;&nbsp;&nbsp; $(3213543) |

---

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

---

| | |
|:---|:---|
| **Average Ending Monthly Value of Derivative Instruments During the Period Ended March 31, 2026** | **Average Ending Monthly Value of Derivative Instruments During the Period Ended March 31, 2026** |
| Forward foreign currency exchange contracts: |  |
| Average amounts purchased - in USD | $320398 |
| Average amounts sold - in USD | 4290106 |
| Futures contracts: |  |
| Average notional amount of contracts - long | 297029348 |
| Average notional amount of contracts - short | 47419891 |

---

------

**Notes to Schedule of Investments (unaudited)** 

---

| | |
|:---|:---|
| IBOR | Interbank Offered Rate |
| LLC | Limited Liability Company |
| LP | Limited Partnership |
| SOFR | Secured Overnight Financing Rate |
| TBA | &nbsp;&nbsp; (To Be Announced) Securities are purchased/sold on a forward commitment basis with an approximate <br> principal amount and no defined maturity date. The actual principal and maturity date will be determined upon <br> settlement when specific mortgage pools are assigned.<br>|

---

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

---

| |
|:---|
| &nbsp;&nbsp; Securities sold under Rule 144A of the Securities Act of 1933, as amended, are subject to legal and/or contractual restrictions on resale <br> and may not be publicly sold without registration under the 1933 Act. Unless otherwise noted, these securities have been determined to be <br> liquid under guidelines established by the Board of Trustees. The total value of 144A securities as of the period ended March 31, 2026 is <br> $277,452,516, which represents 45.0% of net assets.<br>|
| &nbsp;&nbsp; Variable or floating rate security. Rate shown is the current rate as of March 31, 2026. Certain variable rate securities are not based on a <br> published reference rate and spread; they are determined by the issuer or agent and current market conditions. Reference rate is as <br> of reset date and may vary by security, which may not indicate a reference rate and/or spread in their description.<br>|
| Rate shown is the 7-day yield as of March 31, 2026. |
| Loaned security; a portion of the security is on loan at March 31, 2026. |
| &nbsp;&nbsp; Perpetual security. Perpetual securities have no stated maturity date, but they may be called/redeemed by the issuer. The date indicated, if <br> any, represents the next call date.<br>|
| &nbsp;&nbsp; Step bond. The coupon rate will increase or decrease periodically based upon a predetermined schedule. The rate shown reflects the <br> current rate.<br>|
| &nbsp;&nbsp; Interest only security. An interest only security represents the interest only portion of a pool of underlying mortgages or mortgage-backed <br> securities which are separated and sold individually from the principal portion of the securities. Principal amount shown represents the par <br> value on which interest payments are based.<br>|
| £&nbsp;&nbsp; The Portfolio may invest in certain securities that are considered affiliated companies. As defined by the Investment Company Act of 1940, <br> as amended, an affiliated company is one in which the Portfolio owns 5% or more of the outstanding voting securities, or a company which <br> is under common ownership or control.<br>|
| Net of income paid to the securities lending agent and rebates paid to the borrowing counterparties. |
| Schedule of Restricted Securities (as of March 31, 2026) |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Acquisition* <br>*Date*<br>| *Cost* | *Value* | &nbsp;&nbsp; *Value as a* <br>*% of Net* <br>*Assets*<br>|
| Oasis Securitization 2024-1A A, 5.8800%, 9/30/38 | 9/24/24 | &nbsp;&nbsp;&nbsp; $300956 | $300201 | &nbsp;&nbsp;&nbsp;&nbsp; 0.1<br> %<br>|

---

The Portfolio has registration rights for certain restricted securities held as of March 31, 2026. The issuer incurs all registration costs.

------

The following is a summary of the inputs that were used to value the Portfolio's investments in securities and other

financial instruments as of March 31, 2026.

---

| | | | |
|:---|:---|:---|:---|
| **Valuation Inputs Summary** | **Valuation Inputs Summary** | **Valuation Inputs Summary** | **Valuation Inputs Summary** |
|  | ***Level 1 -*** <br>***Quoted Prices***<br>| &nbsp;&nbsp; ***Level 2 -*** <br>***Other Significant*** <br>***Observable Inputs***<br>| &nbsp;&nbsp; ***Level 3 -*** <br>***Significant*** <br>***Unobservable Inputs***<br>|
| **Assets** |  |  |  |
| **Investments In Securities:** |  |  |  |
| *Asset-Backed/Commercial Mortgage-Backed Securities* | $- | &nbsp;&nbsp;&nbsp; $209950580 | &nbsp;&nbsp;&nbsp; $- |
| *Bank Loans and Mezzanine Loans* | - | &nbsp;&nbsp;&nbsp; 24007462 | &nbsp;&nbsp;&nbsp; - |
| *Corporate Bonds* | - | &nbsp;&nbsp;&nbsp; 169018949 | &nbsp;&nbsp;&nbsp; - |
| *Foreign Government Bonds* | - | &nbsp;&nbsp;&nbsp; 13663105 | &nbsp;&nbsp;&nbsp; - |
| *Mortgage-Backed Securities* | - | &nbsp;&nbsp;&nbsp; 138802408 | &nbsp;&nbsp;&nbsp; - |
| *United States Treasury Notes/Bonds* | - | &nbsp;&nbsp;&nbsp; 45081650 | &nbsp;&nbsp;&nbsp; - |
| *Investment Companies* | 7603797 | &nbsp;&nbsp;&nbsp; 36150162 | &nbsp;&nbsp;&nbsp; - |
| *Investments Purchased with Cash Collateral from Securities Lending* | - | &nbsp;&nbsp;&nbsp; 1999549 | &nbsp;&nbsp;&nbsp; - |
| Total Investments in Securities | $7603797 | &nbsp;&nbsp;&nbsp; $638673865 | &nbsp;&nbsp;&nbsp; $- |
| **Other Financial Instruments**<sup>(a)</sup>**:** |  |  |  |
| *Forward Foreign Currency Exchange Contracts* | - | &nbsp;&nbsp;&nbsp; 187216 | &nbsp;&nbsp;&nbsp; - |
| *Futures Contracts* | 501866 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - |
| **Total Assets** | $8105663 | &nbsp;&nbsp;&nbsp; $638861081 | &nbsp;&nbsp;&nbsp; $- |
| **Liabilities** |  |  |  |
| **Other Financial Instruments**<sup>(a)</sup>**:** |  |  |  |
| *Forward Foreign Currency Exchange Contracts* | $- | &nbsp;&nbsp;&nbsp; $5559 | &nbsp;&nbsp;&nbsp; $- |
| *Futures Contracts* | 3715409 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - |
| **Total Liabilities** | $3715409 | &nbsp;&nbsp;&nbsp; $5559 | &nbsp;&nbsp;&nbsp; $- |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Other financial instruments may include forward foreign currency exchange contracts,
 futures, written options, written swaptions, and swap contracts. Forward foreign currency exchange contracts, futures contracts, and centrally
 cleared swap contracts are reported at their unrealized appreciation/(depreciation) at measurement date, which represents the change in the
 contract's value from trade date. Written options, written swaptions, and OTC swaps are reported at their market value at measurement date.

------

**Investment Valuation**

Portfolio holdings are valued in accordance with policies and procedures established by the Adviser pursuant to Rule 2a-5 under the 1940 Act and approved by and subject to the oversight of the Trustees (the "Valuation Procedures"). Equity securities traded on a domestic securities exchange are generally valued at readily available market quotations, which are (i) the official close prices or (ii) last sale prices on the primary market or exchange in which the securities trade. If such price is lacking for the trading period immediately preceding the time of determination, such securities are generally valued at their current bid price. Equity securities that are traded on a foreign exchange are generally valued at the closing prices on such markets. In the event that there is no current trading volume on a particular security in such foreign exchange, the bid price from the primary exchange is generally used to value the security. Foreign securities and currencies are converted to U.S. dollars using the current spot USD dollar exchange rate in effect at the close of the New York Stock Exchange ("NYSE"). The Adviser will determine the market value of individual securities held by it by using prices provided by one or more Adviser-approved professional pricing services or, as needed, by obtaining market quotations from independent broker-dealers. Most debt securities are valued in accordance with the evaluated bid price supplied by the pricing service that is intended to reflect market value. The evaluated bid price supplied by the pricing service is an evaluation that may consider factors such as security prices, yields, maturities, and ratings. Certain short-term securities maturing within 60 days or less may be evaluated and valued on an amortized cost basis provided that the amortized cost determined approximates market value. Securities for which market quotations or evaluated prices are not readily available or deemed unreliable are valued at fair value determined in good faith by the Adviser pursuant to the Valuation Procedures. Circumstances in which fair valuation may be utilized include, but are not limited to: (i) a significant event that may affect the securities of a single issuer, such as a merger, bankruptcy, or significant issuer-specific development; (ii) an event that may affect an entire market, such as a natural disaster or significant governmental action; (iii) a nonsignificant event such as a market closing early or not opening, or a security trading halt; and (iv) pricing of a non-valued security and a restricted or nonpublic security. Special valuation considerations may apply with respect to "odd-lot" fixed-income transactions which, due to their small size, may receive evaluated prices by pricing services which reflect a large block trade and not what actually could be obtained for the odd-lot position. The value of the securities of other mutual funds held by the Portfolio, if any, will be calculated using the NAV of such mutual funds, and the prospectuses for such mutual funds explain the circumstances under which they use fair valuation and the effects of using fair valuation. The value of the securities of any cash management pooled investment vehicles that operate as money market funds held by the Portfolio, if any, will be calculated using the NAV of

such funds.

**Valuation Inputs Summary**

FASB ASC 820, *Fair Value Measurements and Disclosures* ("ASC 820"), defines fair value, establishes a framework for measuring fair value, and expands disclosure requirements regarding fair value measurements. This standard emphasizes that fair value is a market-based measurement that should be determined based on the assumptions that market participants would use in pricing an asset or liability and establishes a hierarchy that prioritizes inputs to valuation techniques used to measure fair value. These inputs are summarized into three broad levels:

Level 1 – Unadjusted quoted prices in active markets the Portfolio has the ability to access for identical assets or liabilities.

Level 2 – Observable inputs other than unadjusted quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default

rates and similar data.

Assets or liabilities categorized as Level 2 in the hierarchy generally include: debt securities fair valued in accordance with the evaluated bid or ask prices supplied by a pricing service; securities traded on OTC markets and listed securities for which no sales are reported that are fair valued at the latest bid price (or yield equivalent thereof) obtained from one or more dealers transacting in a market for such securities or by a pricing service approved by the Portfolio's Trustees; certain short-term debt securities with maturities of 60 days or less that are fair valued at amortized cost; and equity securities of foreign issuers whose fair value is determined by using systematic fair valuation models provided by independent third parties in order to adjust for stale pricing which may occur between the close of certain foreign exchanges and the close of the NYSE. Other securities that may be categorized as Level 2 in the hierarchy include, but are not limited to, preferred stocks, bank loans, swaps,

investments in unregistered investment companies, options, and forward contracts.

Level 3 – Unobservable inputs for the asset or liability to the extent that relevant observable inputs are not available, representing the Portfolio's own assumptions about the assumptions that a market participant would use in valuing the asset or liability, and that would be based on the best information available.

There have been no significant changes in valuation techniques used in valuing any such positions held by the Portfolio since the beginning of the fiscal period.

------

The inputs or methodology used for fair valuing securities are not necessarily an indication of the risk associated with investing in those securities. The summary of inputs used as of March 31, 2026 to fair value the Portfolio's investments in securities and other financial instruments is included in the "Valuation Inputs Summary" in the Notes to Schedule of Investments.

------

For additional information on the Portfolio, please refer to the Portfolio's most recent semiannual or annual financial

statements.

109-25-70304 05-26

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** JANUS ASPEN SERIES

- **b. Investment Company Act file number:** 811-07736

- **c. CIK number of Registrant:** 0000906185

- **d. LEI of Registrant:** 5C1H794C69TI10A0XC04

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

  - **Street Address 1:** 151 DETROIT STREET

  - **City:** Denver

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80206

  - **Telephone number:** 303-333-3863

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

- **a. Name of Series:** Janus Henderson Flexible Bond Portfolio

- **b. EDGAR series identifier (if any):** S000010404

- **c. LEI of Series:** TNJWXCR7UXM7MUKVI363

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $654227912.34

**Total Liabilities:** $37228616.69

**Net Assets:** $616999295.65

**Delayed Delivery Securities:** $953610.00

**Cash Not Reported:** $3748040.66

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1120.280000000000 | **1-Year:** -25689.129999999983 | **5-Year:** -96101.540000000040 | **10-Year:** -90333.460000000050 | **30-Year:** -39926.069999999970

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

- **3-Month:** -401.780000000000 | **1-Year:** -10818.710000000001 | **5-Year:** -24953.989999999998 | **10-Year:** -12917.780000000002 | **30-Year:** -1295.550000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000028733 | 0.27%                | 1.43%                | -1.94%               |
| Class ID C000028734 | 0.30%                | 1.51%                | -1.98%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $70793.00                | $-142481.00                                |
| Month 2  | $163584.00               | $4895481.00                                |
| Month 3  | $-342121.00              | $-10741349.00                              |

**Designated Index Information**

- **Index Name:** Bloomberg U.S. Aggregate Unhedged in USD

- **Index Identifier:** LEHM.MC.LEHM000001UUSD

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BPR TRUST 2024-PMDW                                              | BPR 2024-PMDW A                                                                                | CUSIP: 05592VAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1697946 | PA      | $1718543.21   | 0.28%             | 2041-11-05      | Variable      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| BPR TRUST 2024-PMDW                                              | BPR 2024-PMDW D                                                                                | CUSIP: 05592VAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    651000 | PA      | $647146.77    | 0.10%             | 2041-11-05      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                               | BX 2019-OC11 B                                                                                 | CUSIP: 05606FAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    222000 | PA      | $210178.88    | 0.03%             | 2041-12-09      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                               | BX 2019-OC11 C                                                                                 | CUSIP: 05606FAJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    614000 | PA      | $581692.98    | 0.09%             | 2041-12-09      | Fixed         | 3.86%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                               | BX 2021-LBA AV                                                                                 | CUSIP: 05609BAV1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    762341 | PA      | $761863.32    | 0.12%             | 2036-02-15      | Variable      | 4.84%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                               | BX 2021-LBA AJV                                                                                | CUSIP: 05609BCD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    848000 | PA      | $846821.77    | 0.14%             | 2036-02-15      | Variable      | 4.84%                 | Yes           |                  2 | On Loan: No      |
| BPR TST                                                          | BPR 2023-BRK2 A                                                                                | CUSIP: 05610WAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1289000 | PA      | $1320584.37   | 0.21%             | 2038-10-05      | Variable      | 6.90%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST 2024-VLT4                                               | BX 2024-VLT4 A                                                                                 | CUSIP: 05612TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1494815 | PA      | $1485519.86   | 0.24%             | 2041-06-15      | Variable      | 5.16%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                               | BX 2024-BRBK A                                                                                 | CUSIP: 05613NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    720832 | PA      | $724656.74    | 0.12%             | 2041-10-15      | Variable      | 6.56%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                               | BX 2024-AIR2 A                                                                                 | CUSIP: 05613QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1611423 | PA      | $1611412.56   | 0.26%             | 2041-10-15      | Variable      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| Bx Commercial Mortgage Trust 2018-Bioa                           | BX 2025-DIME A                                                                                 | CUSIP: 05613UAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1452000 | PA      | $1440825.00   | 0.23%             | 2035-02-15      | Variable      | 4.82%                 | Yes           |                  2 | On Loan: No      |
| BX COML MTG TR 2024-VLT5                                         | BX 2024-VLT5 A                                                                                 | CUSIP: 05614JAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1102000 | PA      | $1092653.94   | 0.18%             | 2046-11-13      | Variable      | 5.05%                 | Yes           |                  2 | On Loan: No      |
| BX COML MTG TR 2024-VLT5                                         | BX 2024-VLT5 B                                                                                 | CUSIP: 05614JAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    251000 | PA      | $250523.76    | 0.04%             | 2046-11-13      | Variable      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| BPR COMMERCIAL MORTGAGE TRUST 2025-STAR                          | BPR 2025-STAR A                                                                                | CUSIP: 05619DAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $744901.42    | 0.12%             | 2042-11-05      | Variable      | 4.62%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST 2025-ARIA                                               | BX 2025-ARIA A                                                                                 | CUSIP: 05619TAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1558000 | PA      | $1566582.75   | 0.25%             | 2042-12-13      | Variable      | 5.03%                 | Yes           |                  2 | On Loan: No      |
| Booz Allen Hamilton Inc                                          | BAH 5.95 04/15/35                                                                              | CUSIP: 09951LAD5<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |   1838000 | PA      | $1852987.22   | 0.30%             | 2035-04-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: —       |
| Burford Capital Global Finance LLC                               | BURLN 8.5 01/15/34 144A                                                                        | CUSIP: 12116LAJ8<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1459824.00   | 0.24%             | 2034-01-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                               | BX 2024-GPA3 A                                                                                 | CUSIP: 123910AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    796755 | PA      | $796438.26    | 0.13%             | 2039-12-15      | Variable      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                               | BX 2024-GPA3 B                                                                                 | CUSIP: 123910AC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    366971 | PA      | $366970.54    | 0.06%             | 2039-12-15      | Variable      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| BX COML MTG TR 2024-AIRC                                         | BX 2024-AIRC A                                                                                 | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1923563 | PA      | $1922717.28   | 0.31%             | 2041-08-15      | Variable      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| BX COML MTG TR 2024-AIRC                                         | BX 2024-AIRC C                                                                                 | CUSIP: 12433CAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    593200 | PA      | $593180.79    | 0.10%             | 2041-08-15      | Variable      | 6.26%                 | Yes           |                  2 | On Loan: No      |
| Capital One Financial Corp.                                      | COF V6.183 01/30/36                                                                            | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1149000 | PA      | $1168710.41   | 0.19%             | 2036-01-30      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BX5759                                                                                      | CUSIP: 3140NAMH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     69683 | PA      | $69471.38     | 0.01%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BX5969                                                                                      | CUSIP: 3140NAT37<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     81518 | PA      | $81227.93     | 0.01%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BX8071                                                                                      | CUSIP: 3140NC6H7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     42005 | PA      | $41824.91     | 0.01%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Blue Owl Credit Income Corp.                                     | OCINCC 4.7 02/08/27 *                                                                          | CUSIP: 69120VAF8<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    140000 | PA      | $138417.39    | 0.02%             | 2027-02-08      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Blue Owl Credit Income Corp.                                     | OCINCC 7.95 06/13/28                                                                           | CUSIP: 69120VBB6<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    566000 | PA      | $579824.18    | 0.09%             | 2028-06-13      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                             | CCL 5.75 08/01/32 144A                                                                         | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   2179000 | PA      | $2178291.39   | 0.35%             | 2032-08-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                              | US T-NOTE 2YR                                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       786 | NC      | $-649460.60   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                              | US T-BOND 30YR                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       322 | NC      | $-1061874.86  | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                              | US T-NOTE ULTRA 10Y                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -31 | NC      | $62991.15     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                              | US T-BOND ULTRA                                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       135 | NC      | $-498456.50   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| FREMF 2023-K511 MORTGAGE TRUST                                   | FREMF 2023-K511 C                                                                              | CUSIP: 30334FAG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    310000 | PA      | $291254.15    | 0.05%             | 2028-11-25      | Variable      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| FS TRUST 2026-ORL                                                | FS 2026-ORL A                                                                                  | CUSIP: 30343YAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    570000 | PA      | $568679.75    | 0.09%             | 2041-02-15      | Variable      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC                                          | SORT 2020-1 B1                                                                                 | CUSIP: 12530MAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    134918 | PA      | $85985.69     | 0.01%             | 2060-07-15      | Fixed         | 2.28%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC                                          | SORT 2021-1A A1                                                                                | CUSIP: 12530MAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1111287 | PA      | $897282.88    | 0.15%             | 2061-03-15      | Fixed         | 1.53%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                              | US T-NOTE 10YR                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -238 | NC      | $438875.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR RA5285                                                                                      | CUSIP: 3133KL2S5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1052290 | PA      | $896930.37    | 0.15%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR RA5906                                                                                      | CUSIP: 3133KMR31<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1752987 | PA      | $1501187.52   | 0.24%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR RA9851                                                                                      | CUSIP: 3133KR5L4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2633130 | PA      | $2724805.11   | 0.44%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SI2017                                                                                      | CUSIP: 3133USG21<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    261162 | PA      | $249251.46    | 0.04%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN AL5887                                                                                      | CUSIP: 3138ENRH4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     67982 | PA      | $67424.99     | 0.01%             | 2044-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN AL5942                                                                                      | CUSIP: 3138ENS83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    221606 | PA      | $223619.00    | 0.04%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| A&D MORTGAGE TRUST 2023-NQM2                                     | ADMT 2024-NQM5 A1                                                                              | CUSIP: 00039KAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    486375 | PA      | $488080.46    | 0.08%             | 2069-11-25      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| ALA TRUST 2025-OANA                                              | ALA 2025-OANA A                                                                                | CUSIP: 009920AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1398000 | PA      | $1398293.27   | 0.23%             | 2040-06-15      | Variable      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QI2699                                                                                      | CUSIP: 3133W87L1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    222565 | PA      | $227672.46    | 0.04%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QA4936                                                                                      | CUSIP: 31346YPV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     82728 | PA      | $73736.87     | 0.01%             | 2049-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC                                          | SORT 2021-1A B1                                                                                | CUSIP: 12530MAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    321375 | PA      | $193124.36    | 0.03%             | 2061-03-15      | Fixed         | 1.98%                 | Yes           |                  2 | On Loan: No      |
| Centene Corp.                                                    | CNC 4.25 12/15/27                                                                              | CUSIP: 15135BAR2<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   1653000 | PA      | $1623766.20   | 0.26%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN AL6542                                                                                      | CUSIP: 3138EPHU1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    111181 | PA      | $110269.98    | 0.02%             | 2045-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN AL6842                                                                                      | CUSIP: 3138EPS88<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     32872 | PA      | $31674.41     | 0.01%             | 2045-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BX7860                                                                                      | CUSIP: 3140NCWW5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     87388 | PA      | $89062.15     | 0.01%             | 2053-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                 | FN BX9351                                                                                      | CUSIP: 3140NEL94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     93202 | PA      | $92801.48     | 0.02%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BY0782                                                                                      | CUSIP: 3140NG2Q2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     51610 | PA      | $52777.70     | 0.01%             | 2053-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BY0866                                                                                      | CUSIP: 3140NG6C9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     48457 | PA      | $49322.47     | 0.01%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | CAS 2021-R03 1M2                                                                               | CUSIP: 20754AAB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    603388 | PA      | $603949.13    | 0.10%             | 2041-12-25      | Variable      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| DT Midstream Inc                                                 | DTMINC 4.375 06/15/31 144A                                                                     | CUSIP: 23345MAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2078000 | PA      | $2003050.61   | 0.32%             | 2031-06-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BY1920                                                                                      | CUSIP: 3140NJD27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     50797 | PA      | $50578.81     | 0.01%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BY1896                                                                                      | CUSIP: 3140NJDA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     94424 | PA      | $95936.89     | 0.02%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALA TRUST 2025-OANA                                              | ALA 2025-OANA B                                                                                | CUSIP: 009920AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    478000 | PA      | $478118.67    | 0.08%             | 2040-06-15      | Variable      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| Alpha Generation LLC                                             | Alpha Generation LLC Term Loan B 275 2031-09-08                                                | CUSIP: 02072UAC6<br>LEI: 254900K5V62L4YGVKF49 | Long             | LON              | CORP              | US        |    940100 | PA      | $936894.26    | 0.15%             | 2031-09-30      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BY2783                                                                                      | CUSIP: 3140NKCV1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     55931 | PA      | $55690.59     | 0.01%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BY3263                                                                                      | CUSIP: 3140NKTV3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     72669 | PA      | $72356.62     | 0.01%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DATA 2024 CNTR2 MORTGAGE TRUST                                   | DATA 2024-CTR2 A                                                                               | CUSIP: 238020AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    206594 | PA      | $203429.22    | 0.03%             | 2046-05-10      | Variable      | 5.30%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QG3912                                                                                      | CUSIP: 3133C4KZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    476222 | PA      | $483849.83    | 0.08%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN AL6997                                                                                      | CUSIP: 3138EPX33<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     30485 | PA      | $30341.79     | 0.00%             | 2042-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN AL7381                                                                                      | CUSIP: 3138EQFX5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     57376 | PA      | $56963.16     | 0.01%             | 2045-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BY4284                                                                                      | CUSIP: 3140NLXN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     28850 | PA      | $29517.16     | 0.00%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                 | FN BY6374                                                                                      | CUSIP: 3140NPCL2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     76577 | PA      | $77803.49     | 0.01%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DT Midstream Inc                                                 | DTMINC 4.3 04/15/32 144A                                                                       | CUSIP: 23345MAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    555000 | PA      | $529474.53    | 0.09%             | 2032-04-15      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| DIAMOND INFRASTRUCTURE FUNDING                                   | DNFRA 2021-1A A                                                                                | CUSIP: 25265LAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1183000 | PA      | $1156791.23   | 0.19%             | 2049-04-15      | Fixed         | 1.76%                 | Yes           |                  2 | On Loan: No      |
| Eaton Corp.                                                      | ETN 4.2 03/06/31                                                                               | CUSIP: 278058DX7<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |    419000 | PA      | $412937.72    | 0.07%             | 2031-03-06      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                 | FN BW0072                                                                                      | CUSIP: 3140MRCJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     18689 | PA      | $18118.42     | 0.00%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                 | FN BW0081                                                                                      | CUSIP: 3140MRCT2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     31484 | PA      | $30522.97     | 0.00%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN AT2957                                                                                      | CUSIP: 3138WQJB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    106934 | PA      | $97668.91     | 0.02%             | 2043-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BF0130                                                                                      | CUSIP: 3140FXEC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1257567 | PA      | $1153692.35   | 0.19%             | 2056-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                 | FN BW0343                                                                                      | CUSIP: 3140MRLZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     86852 | PA      | $84200.11     | 0.01%             | 2052-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BW1288                                                                                      | CUSIP: 3140MSNE1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    136133 | PA      | $135503.42    | 0.02%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                 | FN BY6690                                                                                      | CUSIP: 3140NPNG1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     59950 | PA      | $59736.62     | 0.01%             | 2053-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                 | FN BY7004                                                                                      | CUSIP: 3140NPYA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26545 | PA      | $27158.90     | 0.00%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN CA3683                                                                                      | CUSIP: 3140QBCV8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13720 | PA      | $13414.14     | 0.00%             | 2049-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN CA4035                                                                                      | CUSIP: 3140QBPV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     20275 | PA      | $19823.29     | 0.00%             | 2049-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| First Student/First Transit                                      | First Student/First Transit Term Loan B 250 2030-08-01                                         | CUSIP: 33718FAN0<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |   2454495 | PA      | $2445290.25   | 0.40%             | 2030-08-15      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| First Student Bidco Inc.                                         | FRSTST L 08/15/30 16                                                                           | CUSIP: 33718FAR1<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |    449111 | PA      | $447427.23    | 0.07%             | 2030-08-15      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BF0189                                                                                      | CUSIP: 3140FXF72<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4250 | PA      | $3677.96      | 0.00%             | 2057-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BF0167                                                                                      | CUSIP: 3140FXFH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    879105 | PA      | $762317.96    | 0.12%             | 2057-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN FS1301                                                                                      | CUSIP: 3140XGNT2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     79983 | PA      | $73742.38     | 0.01%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN FS2144                                                                                      | CUSIP: 3140XHL21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    695151 | PA      | $645587.43    | 0.10%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KRE COMMERCIAL MORTGAGE TRUST 2025-                              | KRE 2025-AIP4 A                                                                                | CUSIP: 50077KAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1206278 | PA      | $1199829.81   | 0.19%             | 2042-03-15      | Variable      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| PNW TRUST 2026-ARTE                                              | PNW 2026-ARTE A                                                                                | CUSIP: 73020TAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    956000 | PA      | $953595.73    | 0.15%             | 2029-04-16      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN FS2546                                                                                      | CUSIP: 3140XHZL4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     19545 | PA      | $18653.34     | 0.00%             | 2051-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN FS2713                                                                                      | CUSIP: 3140XJAP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    496099 | PA      | $486658.55    | 0.08%             | 2050-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BF0598                                                                                      | CUSIP: 3140FXUY6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    621583 | PA      | $517915.18    | 0.08%             | 2062-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BJ4559                                                                                      | CUSIP: 3140H6B57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     77494 | PA      | $72416.68     | 0.01%             | 2048-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| 2023-MIC TRUST/THE                                               | THE 2023-MIC A                                                                                 | CUSIP: 87256GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    920808 | PA      | $980652.79    | 0.16%             | 2038-12-05      | Variable      | 8.44%                 | Yes           |                  2 | On Loan: No      |
| Texas Commercial Mortgage Trust 2025-Twr                         | TEXAS 2025-TWR A                                                                               | CUSIP: 88231WAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    473000 | PA      | $470184.11    | 0.08%             | 2042-04-15      | Variable      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FNMA-30YR                                                                                      | CUSIP: 01F050650<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8010735 | PA      | $7888571.29   | 1.28%             | 2055-08-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                         | AOMT 2020-2 A1A                                                                                | CUSIP: 03464XAL4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    295401 | PA      | $278440.24    | 0.05%             | 2065-01-26      | Variable      | 2.53%                 | Yes           |                  2 | On Loan: No      |
| 280 Park Avenue Trust                                            | PRK 2017-280P A                                                                                | CUSIP: 90205FAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    629029 | PA      | $625894.43    | 0.10%             | 2034-09-15      | Variable      | 4.85%                 | Yes           |                  2 | On Loan: No      |
| AGL CLO I Ltd.                                                   | AGL 2023-26A A1R                                                                               | CUSIP: 00852HAL5<br>LEI: 5493005XHETQNZF9TM25 | Long             | ABS-CBDO         | CORP              | JE        |   2303000 | PA      | $2302960.62   | 0.37%             | 2038-10-21      | Variable      | 4.95%                 | Yes           |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                      | FMCN 6.375 02/15/36 144A                                                                       | CUSIP: 335934AY1<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    749000 | PA      | $720550.58    | 0.12%             | 2036-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Flutter Treasury Designated Activity Co.                         | FLTR 5.875 06/04/31 144A                                                                       | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    661000 | PA      | $654846.09    | 0.11%             | 2031-06-04      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BJ4566                                                                                      | CUSIP: 3140H6CC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    578374 | PA      | $557392.25    | 0.09%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BJ9181                                                                                      | CUSIP: 3140HBFX1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     56820 | PA      | $57163.55     | 0.01%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust 2020-3                                  | AOMT 2020-3 A2                                                                                 | CUSIP: 03465LAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     81040 | PA      | $78052.70     | 0.01%             | 2065-04-25      | Variable      | 2.41%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                         | AOMT 2024-5 A1                                                                                 | CUSIP: 03465YAA5<br>LEI: 25490045FDNHIWZ12934 | Long             | ABS-O            | CORP              | US        |   1265868 | PA      | $1255891.55   | 0.20%             | 2068-07-25      | Variable      | 4.95%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                         | AOMT 2025-6 A1                                                                                 | CUSIP: 034937AA0<br>LEI: 254900GRN1I3WMM1H095 | Long             | ABS-O            | CORP              | US        |    890749 | PA      | $894019.82    | 0.14%             | 2070-04-25      | Variable      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Ansley Park Capital 2025-A LLC                                   | APARK 2025-A A2                                                                                | CUSIP: 03637AAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    589290 | PA      | $590089.20    | 0.10%             | 2035-04-20      | Fixed         | 4.43%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN FS3377                                                                                      | CUSIP: 3140XJXF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    273851 | PA      | $261362.52    | 0.04%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN FS3713                                                                                      | CUSIP: 3140XKDT4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    951311 | PA      | $904451.63    | 0.15%             | 2036-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust 2019-A                                        | AQFIT 2021-A A                                                                                 | CUSIP: 03842VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    107427 | PA      | $98707.78     | 0.02%             | 2046-07-17      | Fixed         | 1.54%                 | Yes           |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                         | AESOP 2023-4A A                                                                                | CUSIP: 05377RGY4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    540000 | PA      | $550595.27    | 0.09%             | 2029-06-20      | Fixed         | 5.49%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN FS5339                                                                                      | CUSIP: 3140XL4Z8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    673553 | PA      | $598193.10    | 0.10%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN FS5362                                                                                      | CUSIP: 3140XL5Y0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    697041 | PA      | $683776.53    | 0.11%             | 2050-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                 | FN FA4270                                                                                      | CUSIP: 3140W4W86<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1473732 | PA      | $1470238.85   | 0.24%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                           | FABSJV 5.875 01/25/34                                                                          | CUSIP: 350930AA1<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   3994000 | PA      | $4043916.25   | 0.66%             | 2034-01-25      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN FS5491                                                                                      | CUSIP: 3140XMC53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    572417 | PA      | $508372.88    | 0.08%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN FS5988                                                                                      | CUSIP: 3140XMUN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1610466 | PA      | $1376615.68   | 0.22%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| LEX TRUST 2026-450                                               | LEXT 2026-450 A                                                                                | CUSIP: 501970AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    503000 | PA      | $500840.89    | 0.08%             | 2043-03-15      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| LHOME MTG TR 2024-RTL3                                           | LHOME 2024-RTL3 A1                                                                             | CUSIP: 50205GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    493034 | PA      | $495228.49    | 0.08%             | 2029-05-25      | Variable      | 6.90%                 | Yes           |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                         | AESOP 2026-1A A                                                                                | CUSIP: 05377RLL6<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    340000 | PA      | $336985.48    | 0.05%             | 2030-08-20      | Fixed         | 4.28%                 | Yes           |                  2 | On Loan: No      |
| BAMLL RE-REMIC TRUST 2024-FRR2                                   | BAMLL 2024-FRR2 E                                                                              | CUSIP: 05493UAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    441000 | PA      | $389599.47    | 0.06%             | 2050-07-27      | Variable      | 1.27%                 | No            |                  2 | On Loan: No      |
| LHOME MORTGAGE TRUST 2024-RTL2                                   | LHOME 2024-RTL2 A1                                                                             | CUSIP: 50205JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    387030 | PA      | $387978.88    | 0.06%             | 2029-03-25      | Variable      | 7.13%                 | Yes           |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                          | LVLT 7 03/31/34 144A                                                                           | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   1159427 | PA      | $1186773.12   | 0.19%             | 2034-03-31      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN FS6380                                                                                      | CUSIP: 3140XNCS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    814164 | PA      | $686195.87    | 0.11%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN FS6926                                                                                      | CUSIP: 3140XNVU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3036796 | PA      | $2599647.39   | 0.42%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SL1226                                                                                      | CUSIP: 31427NLG2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2371379 | PA      | $2416191.09   | 0.39%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | G2 MA4068                                                                                      | CUSIP: 36179SQV2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1618153 | PA      | $1468207.10   | 0.24%             | 2046-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | G2 MA5400                                                                                      | CUSIP: 36179T7M1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    178189 | PA      | $179236.49    | 0.03%             | 2048-08-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | G2 MA5021                                                                                      | CUSIP: 36179TSJ5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    109024 | PA      | $107266.18    | 0.02%             | 2048-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Banc Of America Alternative Loan Trust                           | BAMLL 2024-FRR3 E                                                                              | CUSIP: 054988AJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    563509 | PA      | $524248.65    | 0.08%             | 2050-01-27      | Variable      | 0.47%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2025-Roic                                               | BX 2025-ROIC A                                                                                 | CUSIP: 05593VAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1788061 | PA      | $1778637.52   | 0.29%             | 2030-03-15      | Variable      | 4.82%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                         | G2 MA5192                                                                                      | CUSIP: 36179TXV2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    142371 | PA      | $135832.81    | 0.02%             | 2048-05-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | G2 MA5264                                                                                      | CUSIP: 36179TZ57<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    209632 | PA      | $199873.47    | 0.03%             | 2048-06-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN CA4646                                                                                      | CUSIP: 3140QCEU6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     68570 | PA      | $62324.85     | 0.01%             | 2048-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN CA5573                                                                                      | CUSIP: 3140QDFP4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    106121 | PA      | $101153.90    | 0.02%             | 2050-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN CB0044                                                                                      | CUSIP: 3140QKBN7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    111024 | PA      | $98892.80     | 0.02%             | 2051-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FMG Resources (August 2006) Pty Ltd.                             | FMGAU 4.5 09/15/27 144A                                                                        | CUSIP: 30251GBA4<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |   2186000 | PA      | $2164628.51   | 0.35%             | 2027-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN CB0456                                                                                      | CUSIP: 3140QKQJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    255317 | PA      | $215134.41    | 0.03%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                     | ORCL 5.2 09/26/35                                                                              | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1125593.95   | 0.18%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BX Trust 2025-Roic                                               | BX 2025-ROIC B                                                                                 | CUSIP: 05593VAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    391382 | PA      | $388046.05    | 0.06%             | 2030-03-15      | Variable      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                            | BAC V5.162 01/24/31                                                                            | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2466000 | PA      | $2512982.08   | 0.41%             | 2031-01-24      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                     | ORCL 5.95 09/26/55                                                                             | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    757000 | PA      | $636841.92    | 0.10%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                     | ORCL 6.1 09/26/65                                                                              | CUSIP: 68389XDT9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1341000 | PA      | $1111932.43   | 0.18%             | 2065-09-26      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Heartland Dental LLC / Heartland Dental Finance Corp.            | HEARTL 10.5 04/30/28 144A                                                                      | CUSIP: 42239PAB5<br>LEI: 5493008FRC0GRKBN1075 | Long             | DBT              | CORP              | US        |    364000 | PA      | $374017.21    | 0.06%             | 2028-04-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                                      | HERTZ 2025-5A A                                                                                | CUSIP: 42806MDL0<br>LEI: 5493004IHDYOZ9K9WF47 | Long             | ABS-O            | CORP              | US        |    613000 | PA      | $611324.50    | 0.10%             | 2030-05-25      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                            | BAC V5.744 02/12/36                                                                            | CUSIP: 06051GMQ9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1497000 | PA      | $1522854.25   | 0.25%             | 2036-02-12      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| Bank 2018-Bnk10                                                  | BANK 2018-BN12 A4                                                                              | CUSIP: 06541KBA5<br>LEI: 549300GL0Y86051URC66 | Long             | ABS-O            | CORP              | US        |    260123 | PA      | $258427.50    | 0.04%             | 2061-05-15      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | CAS 2024-R01 1M1                                                                               | CUSIP: 20753UAA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    227954 | PA      | $227922.52    | 0.04%             | 2044-01-25      | Variable      | 4.71%                 | Yes           |                  2 | On Loan: No      |
| BAYVIEW MSR OPPORTUNITY MASTER FUND                              | BVINV 2021-5 AF                                                                                | CUSIP: 07336JAX6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    843818 | PA      | $786748.99    | 0.13%             | 2051-11-25      | Variable      | 4.51%                 | Yes           |                  2 | On Loan: No      |
| BAYVIEW MSR OPPORTUNITY MASTER FUND                              | BVINV 2022-2 A1                                                                                | CUSIP: 07336NAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    652171 | PA      | $564923.81    | 0.09%             | 2051-12-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                                                     | ORCL 5.35 05/04/33                                                                             | CUSIP: 68389XDY8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    767000 | PA      | $746658.29    | 0.12%             | 2033-05-04      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                      | RCKT 2023-CES1 A1A                                                                             | CUSIP: 74935WAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    181817 | PA      | $181676.66    | 0.03%             | 2043-06-25      | Variable      | 6.51%                 | Yes           |                  2 | On Loan: No      |
| BAYVIEW OPPORTUNITY MASTER FUND VII 2025-EDU1, LLC               | BVCLN 2025-EDU1 B                                                                              | CUSIP: 07337GAB9<br>LEI: 2549001VJ64UFK8PZA41 | Long             | ABS-O            | CORP              | US        |    333340 | PA      | $332960.94    | 0.05%             | 2048-07-27      | Variable      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                               | BX 2025-VLT7 A                                                                                 | CUSIP: 123913AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2820000 | PA      | $2805413.04   | 0.45%             | 2044-07-15      | Variable      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| Great Wolf Trust 2015-Wolf Mz                                    | GWT 2024-WLF2 A                                                                                | CUSIP: 362414AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1795000 | PA      | $1794600.76   | 0.29%             | 2041-05-15      | Variable      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                      | RCKT 2024-CES1 A1A                                                                             | CUSIP: 749424AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    272619 | PA      | $273691.08    | 0.04%             | 2044-02-25      | Variable      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2025-VTT                   | WFCM 2025-VTT A                                                                                | CUSIP: 94990GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1776000 | PA      | $1776276.82   | 0.29%             | 2038-03-15      | Variable      | 4.76%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                         | G2 MA5930                                                                                      | CUSIP: 36179UST0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2113526 | PA      | $1972475.18   | 0.32%             | 2049-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | G2 MA7255                                                                                      | CUSIP: 36179WBY3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2067917 | PA      | $1778714.85   | 0.29%             | 2051-03-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                     | HESM 6.5 06/01/29 144A                                                                         | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1820000 | PA      | $1859175.77   | 0.30%             | 2029-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                     | HESM 5.875 03/01/28 144A                                                                       | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1503000 | PA      | $1512643.25   | 0.25%             | 2028-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FNR 2018-27 EA                                                                                 | CUSIP: 3136B1N26<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    663117 | PA      | $594950.86    | 0.10%             | 2048-05-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FNR 2019-71 P                                                                                  | CUSIP: 3136B6B77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    687514 | PA      | $615250.87    | 0.10%             | 2049-11-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                     | HESM 5.125 06/15/28 144A                                                                       | CUSIP: 428104AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    704000 | PA      | $701931.30    | 0.11%             | 2028-06-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| HOMEWARD OPPORTUNITIES FD TR 2024-                               | HOF 2024-RRTL2 A1                                                                              | CUSIP: 43789GAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    704000 | PA      | $704151.99    | 0.11%             | 2039-09-25      | Variable      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| HOMEWARD OPPORTUNITIES FUND TRUST 2                              | HOF 2025-RRTL1 A1                                                                              | CUSIP: 437919AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    998000 | PA      | $998108.78    | 0.16%             | 2040-03-25      | Variable      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| Homeward Opportunities Fund I Trust                              | HOF 2025-RRTL2 A1                                                                              | CUSIP: 437923AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $450425.52    | 0.07%             | 2040-09-25      | Variable      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| Wendys Funding Llc                                               | WEN 2022-1A A2II                                                                               | CUSIP: 95058XAP3<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |    123168 | PA      | $117304.24    | 0.02%             | 2052-03-15      | Fixed         | 4.54%                 | Yes           |                  2 | On Loan: No      |
| Wendys Funding Llc                                               | WEN 2025-1A A2I                                                                                | CUSIP: 95058XAR9<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |    807218 | PA      | $803102.60    | 0.13%             | 2055-12-15      | Fixed         | 5.42%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                               | BX 2025-GW A                                                                                   | CUSIP: 12433GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    608000 | PA      | $607447.01    | 0.10%             | 2042-07-15      | Variable      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                               | BX 2025-GW B                                                                                   | CUSIP: 12433GAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1662000 | PA      | $1658387.41   | 0.27%             | 2042-07-15      | Variable      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| Hudson's Bay Simon JV Trust                                      | HBCT 2015-HB10 A10                                                                             | CUSIP: 44422PBN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    329000 | PA      | $316170.31    | 0.05%             | 2034-08-05      | Fixed         | 4.15%                 | Yes           |                  2 | On Loan: No      |
| Humana Inc.                                                      | HUM 5.95 03/15/34                                                                              | CUSIP: 444859BY7<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   2414000 | PA      | $2461751.65   | 0.40%             | 2034-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                    | STACR 2025-HQA1 M1                                                                             | CUSIP: 35564NGZ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    494572 | PA      | $494138.62    | 0.08%             | 2045-02-27      | Variable      | 4.81%                 | Yes           |                  2 | On Loan: No      |
| GLP Capital L.P. and GLP Financing II, Inc.                      | GLPI 5.3 01/15/29                                                                              | CUSIP: 361841AL3<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100867.30    | 0.02%             | 2029-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | G2 MA7313                                                                                      | CUSIP: 36179WDS4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1089422 | PA      | $973786.48    | 0.16%             | 2051-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | GN BD7109                                                                                      | CUSIP: 3617BN3S2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     22189 | PA      | $21164.35     | 0.00%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | GN BD7135                                                                                      | CUSIP: 3617BN4U6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     84548 | PA      | $80645.19     | 0.01%             | 2047-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | GN 784059                                                                                      | CUSIP: 3622A2QL9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    728961 | PA      | $703693.99    | 0.11%             | 2045-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westgate Resorts 2022-1 Llc                                      | WESTR 2022-1A A                                                                                | CUSIP: 96034JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     23975 | PA      | $23858.20     | 0.00%             | 2036-08-20      | Fixed         | 1.79%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                              | Sell GBP / Buy USD                                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $173446.59    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                         | JPMMT 2025-5MPR A1D                                                                            | CUSIP: 46593VAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    360862 | PA      | $359892.14    | 0.06%             | 2055-11-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                             | JPM V5.14 01/24/31                                                                             | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1348000 | PA      | $1372670.22   | 0.22%             | 2031-01-24      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | Sell USD / Buy GBP                                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-5558.87     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                             | JPM V4.898 01/22/37                                                                            | CUSIP: 46647PFJ0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3158000 | PA      | $3090133.51   | 0.50%             | 2037-01-22      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| Jane Street Group LLC / JSG Finance Inc.                         | JANEST 7.125 04/30/31 144A                                                                     | CUSIP: 47077WAC2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |   1487000 | PA      | $1528570.57   | 0.25%             | 2031-04-30      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| GLP Capital L.P. and GLP Financing II, Inc.                      | GLPI 5.625 03/01/36                                                                            | CUSIP: 361841AX7<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |    607000 | PA      | $590367.11    | 0.10%             | 2036-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GCAT 2023-INV1 TRUST                                             | GCAT 2023-INV1 A1                                                                              | CUSIP: 36830QAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    956322 | PA      | $965329.56    | 0.16%             | 2053-08-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Health Care Service Corp A Mutual Legal Reserve Co.              | HCSERV 5.2 06/15/29 144A                                                                       | CUSIP: 42218SAK4<br>LEI: 549300TMJ1FKCKECR148 | Long             | DBT              | CORP              | US        |    915000 | PA      | $928111.90    | 0.15%             | 2029-06-15      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Health Care Service Corp A Mutual Legal Reserve Co.              | HCSERV 5.45 06/15/34 144A                                                                      | CUSIP: 42218SAL2<br>LEI: 549300TMJ1FKCKECR148 | Long             | DBT              | CORP              | US        |   1687000 | PA      | $1687892.71   | 0.27%             | 2034-06-15      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                         | GN 784182                                                                                      | CUSIP: 3622A2UF7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    923458 | PA      | $910684.34    | 0.15%             | 2046-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust 2018-Gs10                           | GSMS 2018-GS10 A5                                                                              | CUSIP: 36250SAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    371605 | PA      | $367975.82    | 0.06%             | 2051-07-10      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| Genesee & Wyoming                                                | Genesee & Wyoming Term Loan B 200 2031-03-25                                                   | CUSIP: 37156QAZ9<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | LON              | CORP              | US        |   2909287 | PA      | $2893227.84   | 0.47%             | 2031-04-10      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                        | GS V4.516 01/21/32                                                                             | CUSIP: 38145GAR1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    722000 | PA      | $711055.89    | 0.12%             | 2032-01-21      | Variable      | 4.52%                 | No            |                  2 | On Loan: No      |
| United Wholesale Mortgage LLC                                    | UWM 2021-INV1 A9                                                                               | CUSIP: 90354XAJ9<br>LEI: 549300HW662MN1WU8550 | Long             | ABS-O            | CORP              | US        |    726366 | PA      | $677881.15    | 0.11%             | 2051-08-25      | Variable      | 4.57%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                     | T 3.375 12/31/27                                                                               | CUSIP: 91282CPS4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1317000 | PA      | $1306865.28   | 0.21%             | 2027-12-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                     | T 4.125 02/15/36                                                                               | CUSIP: 91282CPZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     51700 | PA      | $50892.19     | 0.01%             | 2036-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                     | T 3.75 02/28/33                                                                                | CUSIP: 91282CQC8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1297000 | PA      | $1267412.19   | 0.21%             | 2033-02-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust 2018-GS9                            | GSMS 2018-GS9 A4                                                                               | CUSIP: 36255NAT2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    618450 | PA      | $607096.97    | 0.10%             | 2051-03-10      | Variable      | 3.99%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2025-CES2                    | GSMBS 2025-CES2 A1                                                                             | CUSIP: 36273BAA7<br>LEI: 254900U0V0TUGIF39T29 | Long             | ABS-O            | CORP              | US        |    631725 | PA      | $629443.59    | 0.10%             | 2055-09-25      | Variable      | 5.18%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2026-CSMO                           | BX 2026-CSMO A                                                                                 | CUSIP: 12433LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1257000 | PA      | $1255704.14   | 0.20%             | 2043-02-15      | Variable      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2026-CSMO                           | BX 2026-CSMO B                                                                                 | CUSIP: 12433LAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    437000 | PA      | $436817.04    | 0.07%             | 2043-02-15      | Variable      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORPORATION                               | GSMS 2025-800D A                                                                               | CUSIP: 36273XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    648685 | PA      | $648358.38    | 0.11%             | 2041-11-25      | Variable      | 6.33%                 | Yes           |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2026-CES1                    | GSMBS 2026-CES1 A1                                                                             | CUSIP: 36277LAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    199682 | PA      | $198572.83    | 0.03%             | 2056-05-25      | Variable      | 4.90%                 | Yes           |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                     | HESM 4.25 02/15/30 144A                                                                        | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2344000 | PA      | $2252437.03   | 0.37%             | 2030-02-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                   | MS V2.943 01/21/33                                                                             | CUSIP: 61747YEL5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    978000 | PA      | $879357.08    | 0.14%             | 2033-01-21      | Variable      | 2.94%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                        | GS V5.065 01/21/37                                                                             | CUSIP: 38145GAS9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    722000 | PA      | $705879.31    | 0.11%             | 2037-01-21      | Variable      | 5.07%                 | No            |                  2 | On Loan: No      |
| Wendys Funding Llc                                               | WEN 2019-1A A2II                                                                               | CUSIP: 95058XAH1<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |    593112 | PA      | $571085.57    | 0.09%             | 2049-06-15      | Fixed         | 4.08%                 | Yes           |                  2 | On Loan: No      |
| Wendys Funding Llc                                               | WEN 2021-1A A2I                                                                                | CUSIP: 95058XAK4<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |    224575 | PA      | $207933.16    | 0.03%             | 2051-06-15      | Fixed         | 2.37%                 | Yes           |                  2 | On Loan: No      |
| Wendys Funding Llc                                               | WEN 2021-1A A2II                                                                               | CUSIP: 95058XAL2<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |    557207 | PA      | $492185.47    | 0.08%             | 2051-06-15      | Fixed         | 2.77%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2026-CSMO                           | BX 2026-CSMO C                                                                                 | CUSIP: 12433LAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    273000 | PA      | $272701.99    | 0.04%             | 2043-02-15      | Variable      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                         | G2-30YR-Multi                                                                                  | CUSIP: 21H022648<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3288763 | PA      | $2827168.67   | 0.46%             | 2051-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                     | T 3.5 02/28/31                                                                                 | CUSIP: 91282CQD6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12811200 | PA      | $12562983.00  | 2.04%             | 2031-02-28      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                     | T 3.5 03/15/29                                                                                 | CUSIP: 91282CQE4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1728900 | PA      | $1713637.06   | 0.28%             | 2029-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOLDENTREE LN MGM 20 LTD/LLC                                     | GLM 2023-17A AR                                                                                | CUSIP: 38139FAN0<br>LEI: 549300TS068SCJRDSP12 | Long             | ABS-CBDO         | CORP              | JE        |   1584000 | PA      | $1584069.06   | 0.26%             | 2039-01-20      | Variable      | 4.95%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO 2014-4 Ltd                                              | VOYA 2024-4A A2                                                                                | CUSIP: 92920KAC3<br>LEI: 549300JHU3YI1LLL3V27 | Long             | ABS-CBDO         | CORP              | KY        |    613178 | PA      | $612069.19    | 0.10%             | 2037-07-20      | Variable      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| Jane Street Group LLC / JSG Finance Inc.                         | JANEST 6.125 11/01/32 144A                                                                     | CUSIP: 47077WAD0<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |   1793000 | PA      | $1773077.44   | 0.29%             | 2032-11-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Jane Street Group LLC / JSG Finance Inc.                         | JANEST 6.75 05/01/33 144A                                                                      | CUSIP: 47077WAE8<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |   1849000 | PA      | $1875936.23   | 0.30%             | 2033-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                   | MS V5.424 07/21/34 MTN                                                                         | CUSIP: 61747YFG5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    823000 | PA      | $835064.59    | 0.14%             | 2034-07-21      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | MS V4.493 01/16/32                                                                             | CUSIP: 61748UAS1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1167000 | PA      | $1147380.77   | 0.19%             | 2032-01-16      | Variable      | 4.49%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN CB2681                                                                                      | CUSIP: 3140QM6T6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    292492 | PA      | $272386.13    | 0.04%             | 2052-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN CB3501                                                                                      | CUSIP: 3140QN3K6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    135414 | PA      | $125097.93    | 0.02%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Janus Detroit Street Trust                                       | Janus Detroit Street Trust HENDERSON EMERGING MARKETS DEBT HARD CURRENCY ETF                   | CUSIP: 47103U738<br>LEI: 5493003MM7OCK5UJW595 | Long             | EC               | RF                | US        |    144943 | NS      | $7603796.75   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                                                          | KBH 4 06/15/31                                                                                 | CUSIP: 48666KAZ2<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |   1630000 | PA      | $1502824.96   | 0.24%             | 2031-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Vb-S1 Issuer Llc 2016-1                                          | VBTEL 2026-1A C2                                                                               | CUSIP: 91825HAA2<br>LEI: 549300DKEDU9WZPGTC09 | Long             | ABS-O            | CORP              | US        |    509000 | PA      | $499338.06    | 0.08%             | 2056-03-15      | Fixed         | 4.69%                 | Yes           |                  2 | On Loan: No      |
| Vantage Data Centers Issuer                                      | VDC 2020-2A A2                                                                                 | CUSIP: 92212KAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    634000 | PA      | $605677.37    | 0.10%             | 2045-09-15      | Fixed         | 1.99%                 | Yes           |                  2 | On Loan: No      |
| VASA TRUST                                                       | VASA 2021-VASA A                                                                               | CUSIP: 92230AAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    605000 | PA      | $593114.46    | 0.10%             | 2039-07-15      | Variable      | 4.69%                 | Yes           |                  2 | On Loan: No      |
| Verde Purchaser LLC                                              | VRTV 10.5 11/30/30 144A                                                                        | CUSIP: 92339LAA0<br>LEI: 2549004HFEKMUGBG3Z35 | Long             | DBT              | CORP              | US        |   1248000 | PA      | $1296981.50   | 0.21%             | 2030-11-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| MVW 2025-2 LLC                                                   | MVWOT 2025-2A A                                                                                | CUSIP: 55389RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    207537 | PA      | $203916.26    | 0.03%             | 2044-10-20      | Fixed         | 4.48%                 | Yes           |                  2 | On Loan: No      |
| Mello Mortgage Capital Acceptance 2018-Mtg1                      | MELLO 2021-INV2 A11                                                                            | CUSIP: 58549XBC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    593150 | PA      | $554549.79    | 0.09%             | 2051-08-25      | Variable      | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Private Bank National Association                 | MS V4.734 07/18/31                                                                             | CUSIP: 61776NVG5<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   3644000 | PA      | $3632712.97   | 0.59%             | 2031-07-18      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | G2 BB9835                                                                                      | CUSIP: 3617B14U4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     24924 | PA      | $23802.94     | 0.00%             | 2047-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Viper Energy Partners LLC                                        | VNOM 4.9 08/01/30                                                                              | CUSIP: 92764MAA2<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |    782000 | PA      | $781483.88    | 0.13%             | 2030-08-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Viper Energy Partners LLC                                        | VNOM 5.7 08/01/35                                                                              | CUSIP: 92764MAB0<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |   1040000 | PA      | $1048122.40   | 0.17%             | 2035-08-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| VISTA POINT SECURITIZATION TRUST 2026-CES1                       | VSTA 2026-CES1 A1                                                                              | CUSIP: 92790EAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    594311 | PA      | $587771.23    | 0.10%             | 2056-02-25      | Variable      | 5.04%                 | Yes           |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                         | VST 4.7 01/31/31 144A                                                                          | CUSIP: 92840VAY8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    269000 | PA      | $264668.94    | 0.04%             | 2031-01-31      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN CB2750                                                                                      | CUSIP: 3140QNBU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1454368 | PA      | $1236038.01   | 0.20%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN CB2907                                                                                      | CUSIP: 3140QNGR7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    791724 | PA      | $737240.55    | 0.12%             | 2052-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Janus Henderson Cash Liquidity Fund LLC                          | Janus Henderson Cash Liquidity Fund LLC                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  36150162 | NS      | $36150161.87  | 5.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Madison Park Funding Xxxiv Ltd.                                  | MDPK 2022-62A A1R2                                                                             | CUSIP: 55817HAW9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1526000 | PA      | $1526381.50   | 0.25%             | 2038-07-16      | Variable      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                         | G2 785843                                                                                      | CUSIP: 3622ABLY6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1742975 | PA      | $1484806.10   | 0.24%             | 2052-01-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Gracie Point International Funding 2020-B                        | GPIF 2025-1A A                                                                                 | CUSIP: 38411WAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    820000 | PA      | $820221.73    | 0.13%             | 2028-08-15      | Variable      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN CB3042                                                                                      | CUSIP: 3140QNLY6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    549973 | PA      | $471076.60    | 0.08%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN CB3043                                                                                      | CUSIP: 3140QNLZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1522427 | PA      | $1303888.62   | 0.21%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                         | VST 5.35 01/31/36 144A                                                                         | CUSIP: 92840VAZ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    519000 | PA      | $507682.43    | 0.08%             | 2036-01-31      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| Vantor Holdings (fka Maxar Technologies)                         | Vantor Holdings (fka Maxar Technologies) Term Loan B 450 2033-02-16                            | CUSIP: 36355RAB1<br>LEI: 254900XMZ2ZZ33TF4651 | Long             | LON              | CORP              | US        |   1072298 | PA      | $1049512.10   | 0.17%             | 2033-03-03      | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| LHOME MORTGAGE TRUST                                             | LHOME 2024-RTL4 A1                                                                             | CUSIP: 50205PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1355072 | PA      | $1359131.12   | 0.22%             | 2039-07-25      | Variable      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| LHOME MORTGAGE TRUST                                             | LHOME 2025-RTL3 A1                                                                             | CUSIP: 50205YAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    460000 | PA      | $461323.01    | 0.07%             | 2040-08-25      | Variable      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding LV Ltd / Madison Park Funding LV LLC        | MDPK 2022-55A A1R                                                                              | CUSIP: 55819FAQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2161667 | PA      | $2162508.97   | 0.35%             | 2037-07-20      | Variable      | 5.03%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Xxxiv Ltd.                                  | MDPK 2019-34A A2RR                                                                             | CUSIP: 55819GAY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    730000 | PA      | $728541.39    | 0.12%             | 2037-10-16      | Variable      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| Bain Capital Credit CLO 2024-1 Ltd/ LLC                          | BCC 2023-3A A1R                                                                                | CUSIP: 05682CAL1<br>LEI: 254900QJNS3TYDIDQH27 | Long             | ABS-CBDO         | CORP              | KY        |   1328000 | PA      | $1328586.71   | 0.22%             | 2038-10-25      | Variable      | 4.98%                 | Yes           |                  2 | On Loan: No      |
| Ballyrock Clo 2018-1 Ltd/ Llc                                    | BALLY 2020-14A A1BR                                                                            | CUSIP: 05874XAN9<br>LEI: 254900GXTF670X967J67 | Long             | ABS-CBDO         | CORP              | KY        |    270000 | PA      | $270018.66    | 0.04%             | 2037-07-20      | Variable      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Xxxiv Ltd.                                  | MDPK 2025-73A A1                                                                               | CUSIP: 55823HAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1650000 | PA      | $1650258.06   | 0.27%             | 2038-10-18      | Variable      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| MAGNETITE 50 LIMITED                                             | MAGNE 2025-50A A1                                                                              | CUSIP: 55956MAA7<br>LEI: 529900LA8YF5OY74OD31 | Long             | ABS-CBDO         | CORP              | KY        |   1160000 | PA      | $1159998.61   | 0.19%             | 2038-07-26      | Variable      | 4.95%                 | Yes           |                  2 | On Loan: No      |
| BARINGS LN PARTNERS CLO LTD 5                                    | BABSN LP-5A A                                                                                  | CUSIP: 06764CAA4<br>LEI: 2549006Y8VRIV10TBW72 | Long             | ABS-CBDO         | CORP              | KY        |   1571653 | PA      | $1571131.53   | 0.25%             | 2035-01-22      | Variable      | 4.89%                 | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO XV Ltd/Llc                           | BSP 2018-15A A1R                                                                               | CUSIP: 08179MAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2122000 | PA      | $2122797.45   | 0.34%             | 2037-07-15      | Variable      | 5.06%                 | Yes           |                  2 | On Loan: No      |
| LHOME MORTGAGE TRUST 2026-RTL1                                   | LHOME 2026-RTL1 A1                                                                             | CUSIP: 50206JAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    223000 | PA      | $222293.63    | 0.04%             | 2041-01-25      | Variable      | 4.91%                 | Yes           |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                | LPLA 4 03/15/29 144A                                                                           | CUSIP: 50212YAD6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    250000 | PA      | $242770.08    | 0.04%             | 2029-03-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Life Time Fitness                                                | Life Time Fitness Term Loan B 200 2031-11-01                                                   | CUSIP: 50218KAN8<br>LEI: 549300PALKE96VYH4X17 | Long             | LON              | CORP              | US        |      1541 | PA      | $1539.68      | 0.00%             | 2031-11-05      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO IV Ltd.                              | BSP 2025-43A A                                                                                 | CUSIP: 08179QAA8<br>LEI: 5493002BNZCV0YE1MG83 | Long             | ABS-CBDO         | CORP              | KY        |   1880000 | PA      | $1878715.02   | 0.30%             | 2038-10-20      | Variable      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                              | US T-NOTE 5YR                                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      1091 | NC      | $-1505616.83  | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| OCEANVIEW MORTGAGE TRUST                                         | BVINV 2021-4 A11                                                                               | CUSIP: 07336GAK0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    841999 | PA      | $784847.10    | 0.13%             | 2051-10-25      | Variable      | 4.51%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC                                          | SORT 2022-1A A1                                                                                | CUSIP: 12530MAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    995571 | PA      | $981179.94    | 0.16%             | 2062-08-15      | Fixed         | 5.97%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC                                          | SORT 2022-1A A2                                                                                | CUSIP: 12530MAM7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2938929 | PA      | $2857062.83   | 0.46%             | 2062-08-15      | Fixed         | 6.11%                 | Yes           |                  2 | On Loan: No      |
| Coopr Residential Mortgage Trust 2025 CES4                       | COOPR 2025-CES4 A1A                                                                            | CUSIP: 12636SAA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | CORP              | US        |    303010 | PA      | $301677.92    | 0.05%             | 2060-11-25      | Variable      | 5.04%                 | Yes           |                  2 | On Loan: No      |
| Cpts 2019-Cpt Mtg Trust                                          | CPTS 2019-CPT F                                                                                | CUSIP: 12654YAN9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1452000 | PA      | $1236132.67   | 0.20%             | 2039-11-13      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| CVS Health Corp                                                  | CVS 4.78 03/25/38                                                                              | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   2364000 | PA      | $2178515.48   | 0.35%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                  | CVS 5.25 02/21/33                                                                              | CUSIP: 126650DU1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    183000 | PA      | $185090.97    | 0.03%             | 2033-02-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                  | CVS 5.7 06/01/34                                                                               | CUSIP: 126650ED8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    769000 | PA      | $790296.46    | 0.13%             | 2034-06-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                  | CVS 5.45 09/15/35                                                                              | CUSIP: 126650EK2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    919000 | PA      | $922573.50    | 0.15%             | 2035-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | COOPR 2025-CES2 A1A                                                                            | CUSIP: 12674UAA1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    360264 | PA      | $361150.52    | 0.06%             | 2060-06-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Inc.                                                   | C V5.592 11/19/34                                                                              | CUSIP: 172967PN5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1461586.80   | 0.24%             | 2034-11-19      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                   | C V4.503 09/11/31                                                                              | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4680000 | PA      | $4626807.26   | 0.75%             | 2031-09-11      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                   | C V5.174 09/11/36                                                                              | CUSIP: 172967QH7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1047000 | PA      | $1037882.95   | 0.17%             | 2036-09-11      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                   | C V6.625 PERP                                                                                  | CUSIP: 172967QJ3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    816000 | PA      | $816612.19    | 0.13%             | 2099-12-31      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| SM Energy Co.                                                    | SM 8.75 07/01/31 144A                                                                          | CUSIP: 17888HAB9<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   1017000 | PA      | $1063061.96   | 0.17%             | 2031-07-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| SM Energy Co.                                                    | SM 8.625 11/01/30 144A                                                                         | CUSIP: 17888HAC7<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    331000 | PA      | $349233.47    | 0.06%             | 2030-11-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| SM Energy Co.                                                    | SM 9.625 06/15/33 144A                                                                         | CUSIP: 17888HAD5<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   1563000 | PA      | $1726678.92   | 0.28%             | 2033-06-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| COOPR RESIDENTIAL MORTGAGE TRUST 2026-CES1                       | COOPR 2026-CES1 A1A                                                                            | CUSIP: 21689GAA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | CORP              | US        |    689449 | PA      | $683464.11    | 0.11%             | 2061-01-01      | Variable      | 4.87%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | COOPR 2025-CES3 A1A                                                                            | CUSIP: 216926AA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    759405 | PA      | $752169.71    | 0.12%             | 2060-09-25      | Variable      | 4.84%                 | Yes           |                  2 | On Loan: No      |
| CP EF ASSET SECURITIZATION II LLC                                | CPEF 2023-1A A                                                                                 | CUSIP: 224092AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     53307 | PA      | $53570.96     | 0.01%             | 2032-03-15      | Fixed         | 7.48%                 | Yes           |                  2 | On Loan: No      |
| Crowdstrike Holdings Inc                                         | CRWD 3 02/15/29                                                                                | CUSIP: 22788CAA3<br>LEI: 549300YBY08K9KM4HX32 | Long             | DBT              | CORP              | US        |    419000 | PA      | $398564.07    | 0.06%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Cyprium Corp./Cyprium Holdings Luxembourg S.a r.l.               | VGNT 6.125 04/15/31 144A                                                                       | CUSIP: 23292NAA6<br>LEI: 254900V7LN9S9W17X250 | Long             | DBT              | CORP              | N/A       |    808000 | PA      | $796540.50    | 0.13%             | 2031-04-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                | LPLA 6 05/20/34                                                                                | CUSIP: 50212YAK0<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    953000 | PA      | $972014.02    | 0.16%             | 2034-05-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                | LPLA 5.65 03/15/35                                                                             | CUSIP: 50212YAM6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   2402000 | PA      | $2381424.54   | 0.39%             | 2035-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                | LPLA 5.15 06/15/30                                                                             | CUSIP: 50212YAP9<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    854000 | PA      | $857715.59    | 0.14%             | 2030-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                | LPLA 5.75 06/15/35                                                                             | CUSIP: 50212YAQ7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    866000 | PA      | $862572.95    | 0.14%             | 2035-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LENDBUZZ SECURITIZATION TRUST                                    | LBZZ 2023-1A A2                                                                                | CUSIP: 52608LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     93038 | PA      | $93822.14     | 0.02%             | 2028-08-15      | Fixed         | 6.92%                 | Yes           |                  2 | On Loan: No      |
| LEX 2024-BBG MORTGAGE TRUST                                      | LEX 2024-BBG A                                                                                 | CUSIP: 52885AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    376000 | PA      | $374815.02    | 0.06%             | 2033-10-13      | Variable      | 4.87%                 | Yes           |                  2 | On Loan: No      |
| Efmt 2025-RTL1                                                   | EFMT 2025-RTL1 A1                                                                              | CUSIP: 26846FAA7<br>LEI: 254900NFBGFOBK1G2B84 | Long             | ABS-O            | CORP              | US        |    417000 | PA      | $416326.34    | 0.07%             | 2040-11-25      | Variable      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| Copeland (Emerson Electrics climate control business)            | Copeland (Emerson Electrics climate control business) Term Loan B (Incremental) 250 2031-06-11 | CUSIP: 26872NAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3126302 | PA      | $3118486.15   | 0.51%             | 2031-08-04      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| LIFE FINANCIAL SERVICES TRUST                                    | LIFE 2021-BMR C                                                                                | CUSIP: 53218CAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    112353 | PA      | $111102.17    | 0.02%             | 2038-03-15      | Variable      | 4.89%                 | Yes           |                  2 | On Loan: No      |
| LIFE FINANCIAL SERVICES TRUST                                    | LIFE 2022-BMR2 A1                                                                              | CUSIP: 53218DAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    494068 | PA      | $475973.20    | 0.08%             | 2039-05-15      | Variable      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| Equinix Europe 2 Financing Corp LLC                              | EQIX 4.7 03/15/33                                                                              | CUSIP: 29390XAH7<br>LEI: 254900FSZR46BPMCKI50 | Long             | DBT              | CORP              | US        |   1879000 | PA      | $1827539.24   | 0.30%             | 2033-03-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR ZM5707                                                                                      | CUSIP: 3131Y0KU5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     75063 | PA      | $70011.39     | 0.01%             | 2048-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FNMA-30YR                                                                                      | CUSIP: 01F060642<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  14935000 | PA      | $15217719.55  | 2.47%             | 2055-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR ZM7182                                                                                      | CUSIP: 3131Y16T2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     37397 | PA      | $36685.61     | 0.01%             | 2048-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR ZM7926                                                                                      | CUSIP: 3131Y2YX0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     10685 | PA      | $10749.30     | 0.00%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alpha Generation LLC                                             | ALPGEN 6.25 01/15/34 144A                                                                      | CUSIP: 02073LAC5<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |   1052000 | PA      | $1033425.47   | 0.17%             | 2034-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| American Electric Power Co, Inc.                                 | AEP V5.8 03/15/56 C                                                                            | CUSIP: 02557TAE9<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    643000 | PA      | $635165.05    | 0.10%             | 2056-03-15      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR ZA7158                                                                                      | CUSIP: 31329Q5T4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     20222 | PA      | $19806.92     | 0.00%             | 2049-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR ZS3695                                                                                      | CUSIP: 3132A4C89<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     57833 | PA      | $60847.63     | 0.01%             | 2040-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co, Inc.                                 | AEP V6.05 03/15/56 D                                                                           | CUSIP: 02557TAF6<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    515000 | PA      | $510403.52    | 0.08%             | 2056-03-15      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| Antero Resources Corporation                                     | AR 5.4 02/01/36                                                                                | CUSIP: 03674XAU0<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |   3477000 | PA      | $3419149.43   | 0.55%             | 2036-02-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR ZS7403                                                                                      | CUSIP: 3132A8GL7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    377523 | PA      | $369717.01    | 0.06%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR ZT1320                                                                                      | CUSIP: 3132ADPD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     22080 | PA      | $21073.04     | 0.00%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| M&T EQUIPTMENT 2023-LEAF1 LLC                                    | MTLRF 2023-1A A3                                                                               | CUSIP: 551925AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    103925 | PA      | $104347.62    | 0.02%             | 2030-07-15      | Fixed         | 5.74%                 | Yes           |                  2 | On Loan: No      |
| Maple Parent Holdings Corporation                                | KDP 5.7 03/26/36 144A                                                                          | CUSIP: 56530KAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1747000 | PA      | $1735798.34   | 0.28%             | 2036-03-26      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR ZT1633                                                                                      | CUSIP: 3132ADY69<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     44453 | PA      | $42906.64     | 0.01%             | 2047-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SB0866                                                                                      | CUSIP: 3132CW6B5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1151135 | PA      | $1088211.66   | 0.18%             | 2037-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Maple Parent Holdings Corporation                                | KDP 6.625 03/26/56 144A                                                                        | CUSIP: 56530KAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    314000 | PA      | $310931.16    | 0.05%             | 2056-03-26      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Medline Industries                                               | Medline Industries Term Loan B (Incremental) 200 2030-10-01                                    | CUSIP: 58503UAJ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1455913 | PA      | $1457500.08   | 0.24%             | 2030-10-23      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Millrose Properties Inc.                                         | MRP 6.25 09/15/32 144A                                                                         | CUSIP: 601137AB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1192000 | PA      | $1170076.50   | 0.19%             | 2032-09-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                   | MS V4.708 03/12/32                                                                             | CUSIP: 61747YGB5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2187000 | PA      | $2172274.75   | 0.35%             | 2032-03-12      | Variable      | 4.71%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | G2-30YR-Multi                                                                                  | CUSIP: 21H032654<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2835736 | PA      | $2587053.30   | 0.42%             | 2055-07-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | G2-30YR-Multi                                                                                  | CUSIP: 21H040640<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    158727 | PA      | $148552.92    | 0.02%             | 2055-05-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SB0040                                                                                      | CUSIP: 3132CWBH6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    484602 | PA      | $467446.16    | 0.08%             | 2033-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SB0116                                                                                      | CUSIP: 3132CWDV3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     59689 | PA      | $56717.56     | 0.01%             | 2034-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SD0688                                                                                      | CUSIP: 3132DMXR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2123357 | PA      | $1815689.63   | 0.29%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SD0931                                                                                      | CUSIP: 3132DNA86<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2098643 | PA      | $1791953.43   | 0.29%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SD0943                                                                                      | CUSIP: 3132DNBL6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    320714 | PA      | $298643.97    | 0.05%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SD1041                                                                                      | CUSIP: 3132DNEN9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2081021 | PA      | $1858560.55   | 0.30%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | G2-30YR-Multi                                                                                  | CUSIP: 21H050649<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    982425 | PA      | $972323.71    | 0.16%             | 2055-07-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SD3523                                                                                      | CUSIP: 3132DQ4G8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1488769 | PA      | $1322198.60   | 0.21%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SD1150                                                                                      | CUSIP: 3132DNH30<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1244569 | PA      | $1158922.92   | 0.19%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SD1143                                                                                      | CUSIP: 3132DNHU0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    750805 | PA      | $736517.30    | 0.12%             | 2050-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QG4676                                                                                      | CUSIP: 3133C5FR7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     39391 | PA      | $38969.00     | 0.01%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QG4741                                                                                      | CUSIP: 3133C5HS3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     76319 | PA      | $76842.99     | 0.01%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SD2897                                                                                      | CUSIP: 3132DQGE0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    245012 | PA      | $248991.48    | 0.04%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SD4668                                                                                      | CUSIP: 3132DSFH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1258522 | PA      | $1293539.88   | 0.21%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SD7023                                                                                      | CUSIP: 3132DUYU5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    556253 | PA      | $493925.24    | 0.08%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SD8040                                                                                      | CUSIP: 3132DV4Z5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     22297 | PA      | $21801.40     | 0.00%             | 2050-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SD1551                                                                                      | CUSIP: 3132DNWL3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    253218 | PA      | $241670.44    | 0.04%             | 2050-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SD1840                                                                                      | CUSIP: 3132DPBH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    403229 | PA      | $358113.57    | 0.06%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QG4742                                                                                      | CUSIP: 3133C5HT1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    134556 | PA      | $133027.21    | 0.02%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SV RNO Property Owner 1 LLC                                      | TRACTC 5.875 03/01/31 144A                                                                     | CUSIP: 78488XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3235000 | PA      | $3197773.43   | 0.52%             | 2031-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SD7548                                                                                      | CUSIP: 3132DVL52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    597994 | PA      | $513452.06    | 0.08%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SD8212                                                                                      | CUSIP: 3132DWDR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2489810 | PA      | $2108826.98   | 0.34%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE T                              | GRADE 2023-FIG4 A                                                                              | CUSIP: 79581UAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    613861 | PA      | $632498.83    | 0.10%             | 2053-11-25      | Variable      | 6.72%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE T                              | GRADE 2024-CES1 A1                                                                             | CUSIP: 79581VAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    322479 | PA      | $326091.69    | 0.05%             | 2054-03-25      | Variable      | 6.31%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | CAS 2023-R07 2M1                                                                               | CUSIP: 20753BAA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    101351 | PA      | $101599.90    | 0.02%             | 2043-09-25      | Variable      | 5.61%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SD4009                                                                                      | CUSIP: 3132E0N24<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    751840 | PA      | $778007.74    | 0.13%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SD4247                                                                                      | CUSIP: 3132E0WG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    759706 | PA      | $797874.28    | 0.13%             | 2053-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BF0619                                                                                      | CUSIP: 3140FXVM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3052733 | PA      | $2499556.08   | 0.41%             | 2062-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN FS8037                                                                                      | CUSIP: 3140XP4X4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    441047 | PA      | $458883.37    | 0.07%             | 2054-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | CAS 2025-R05 2M1                                                                               | CUSIP: 20753CAB6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    442903 | PA      | $442486.85    | 0.07%             | 2045-07-25      | Variable      | 4.86%                 | Yes           |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2024-R04                     | CAS 2024-R04 1M1                                                                               | CUSIP: 20753GAB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     94932 | PA      | $94955.54     | 0.02%             | 2044-05-25      | Variable      | 4.76%                 | Yes           |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2022-R04                     | CAS 2022-R04 1M2                                                                               | CUSIP: 20753YCK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     47495 | PA      | $48349.01     | 0.01%             | 2042-03-25      | Variable      | 6.76%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | CAS 2022-R02 2M2                                                                               | CUSIP: 20754BAB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    775992 | PA      | $784070.67    | 0.13%             | 2042-01-27      | Variable      | 6.66%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN FS7607                                                                                      | CUSIP: 3140XPNZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    376045 | PA      | $389133.87    | 0.06%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN FS7643                                                                                      | CUSIP: 3140XPP52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    923641 | PA      | $960060.30    | 0.16%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN 995757                                                                                      | CUSIP: 31416CE69<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     41983 | PA      | $44015.50     | 0.01%             | 2037-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN AB7563                                                                                      | CUSIP: 31417EMM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15164 | PA      | $13969.29     | 0.00%             | 2043-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | CAS 2022-R05 2M1                                                                               | CUSIP: 20754DAA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7847 | PA      | $7856.66      | 0.00%             | 2042-04-25      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | CAS 2023-R06 1M1                                                                               | CUSIP: 20754EAA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    266689 | PA      | $267281.45    | 0.04%             | 2043-07-27      | Variable      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE TRUST 2025-LOC5                | GRADE 2025-LOC5 A1A                                                                            | CUSIP: 79581XAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    890316 | PA      | $891341.78    | 0.14%             | 2055-10-25      | Variable      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE T                              | GRADE 2023-FIG3 A                                                                              | CUSIP: 79582AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1805129 | PA      | $1857079.90   | 0.30%             | 2053-08-25      | Variable      | 7.07%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Banks                                          | FN MA1363                                                                                      | CUSIP: 31418AQR2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14995 | PA      | $13756.72     | 0.00%             | 2043-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN MA3521                                                                                      | CUSIP: 31418C4F8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    246795 | PA      | $235540.83    | 0.04%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FN MA4378                                                                                      | CUSIP: 31418D2L5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3309282 | PA      | $2685208.90   | 0.44%             | 2051-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FN MA3774                                                                                      | CUSIP: 31418DFQ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     65762 | PA      | $58757.26     | 0.01%             | 2049-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FN MA3908                                                                                      | CUSIP: 31418DKW1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     28828 | PA      | $28187.24     | 0.00%             | 2050-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FN MA4079                                                                                      | CUSIP: 31418DQ96<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1001096 | PA      | $890725.95    | 0.14%             | 2050-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SD4294                                                                                      | CUSIP: 3132E0XX5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    347006 | PA      | $354813.05    | 0.06%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                          | FR QA2159                                                                                      | CUSIP: 31334YMG9<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGSE             | US        |     37548 | PA      | $33077.43     | 0.01%             | 2049-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                             | FIGRE 2024-HE4 A                                                                               | CUSIP: 31684UAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    559344 | PA      | $558758.29    | 0.09%             | 2054-09-25      | Variable      | 5.06%                 | Yes           |                  2 | On Loan: No      |
| FIGRE TRUST 2024-HE2                                             | FIGRE 2024-HE2 A                                                                               | CUSIP: 316927AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    416748 | PA      | $424995.95    | 0.07%             | 2054-05-25      | Variable      | 6.38%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE T                              | GRADE 2024-FIG5 A                                                                              | CUSIP: 79582MAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    486590 | PA      | $489953.21    | 0.08%             | 2054-04-25      | Variable      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE TRUST 2025-RRTL1               | GRADE 2025-RRTL1 A1                                                                            | CUSIP: 79582NAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $746885.55    | 0.12%             | 2040-10-25      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QA5622                                                                                      | CUSIP: 3133A0G73<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     42211 | PA      | $37623.44     | 0.01%             | 2049-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QB1708                                                                                      | CUSIP: 3133A73R8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     52624 | PA      | $45459.88     | 0.01%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2020-Hqa2                          | FR QB2976                                                                                      | CUSIP: 3133A9JV8<br>LEI: 5493000ITBJ4KEFYWF83 | Long             | ABS-MBS          | USGSE             | US        |     23686 | PA      | $20453.63     | 0.00%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2020-Hqa2                          | FR QB3353                                                                                      | CUSIP: 3133A9WN1<br>LEI: 5493000ITBJ4KEFYWF83 | Long             | ABS-MBS          | USGSE             | US        |    100860 | PA      | $87065.85     | 0.01%             | 2050-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | CAS 2022-R01 1B1                                                                               | CUSIP: 20754LAF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2186000 | PA      | $2213384.41   | 0.36%             | 2041-12-25      | Variable      | 6.81%                 | Yes           |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2025-R03                     | CAS 2025-R02 1M1                                                                               | CUSIP: 20754TAC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    239371 | PA      | $239263.20    | 0.04%             | 2045-02-27      | Variable      | 4.81%                 | Yes           |                  2 | On Loan: No      |
| OASIS SECURITISATION 21-2A                                       | OASIS 2025-1A A                                                                                | CUSIP: 53161AAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    858000 | PA      | $858611.41    | 0.14%             | 2039-08-15      | Fixed         | 6.36%                 | Yes           |                  2 | On Loan: No      |
| OASIS SECURITISATION 24-1A                                       | OASIS 2024-1A A                                                                                | CUSIP: 53161XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    301000 | PA      | $300201.18    | 0.05%             | 2038-09-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | CAS 2023-R08 1M1                                                                               | CUSIP: 20755CAA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    195259 | PA      | $195341.79    | 0.03%             | 2043-10-26      | Variable      | 5.16%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | CAS 2025-R01 1M1                                                                               | CUSIP: 20755JAB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    130466 | PA      | $130265.62    | 0.02%             | 2045-01-25      | Variable      | 4.76%                 | Yes           |                  2 | On Loan: No      |
| ONSLOW BAY FINANCIAL                                             | OBX 2022-INV1 A1                                                                               | CUSIP: 67115NAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    275579 | PA      | $238775.18    | 0.04%             | 2051-12-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| ONSLOW BAY FINANCIAL                                             | OBX 2022-INV1 A18                                                                              | CUSIP: 67115NAU4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    729482 | PA      | $627004.00    | 0.10%             | 2051-12-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QC5848                                                                                      | CUSIP: 3133AQP92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2858818 | PA      | $2434970.74   | 0.39%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QD4842                                                                                      | CUSIP: 3133B2LX5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    141130 | PA      | $120914.89    | 0.02%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE TRUST 2026-RTL7                | GRADE 2026-RTL7 A1                                                                             | CUSIP: 79584UAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1418000 | PA      | $1403619.35   | 0.23%             | 2031-03-25      | Variable      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MTG TR 202                              | GRADE 2024-RTL6 A1                                                                             | CUSIP: 79585UAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1022917 | PA      | $1028770.95   | 0.17%             | 2030-07-25      | Variable      | 7.44%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QD6087                                                                                      | CUSIP: 3133B3XQ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    227632 | PA      | $195229.71    | 0.03%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QD7069                                                                                      | CUSIP: 3133B42A2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    351305 | PA      | $300876.30    | 0.05%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| OAK STREET INVESTMENT                                            | OAKIG 2020-1A A1                                                                               | CUSIP: 67181DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    594234 | PA      | $542452.57    | 0.09%             | 2050-11-20      | Fixed         | 1.85%                 | Yes           |                  2 | On Loan: No      |
| OAKTREE ABF EQUIPMENT ST 2026-1 LLC                              | OAKEF 2026-1A A2                                                                               | CUSIP: 67403GAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    356000 | PA      | $355837.19    | 0.06%             | 2033-10-17      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                                                     | ORCL 6.85 02/04/66                                                                             | CUSIP: 68389XEC5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    563000 | PA      | $517578.29    | 0.08%             | 2066-02-04      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| PLYM COMMERCIAL MORTGAGE TRUST 2026-IND                          | PLYM 2026-IND A                                                                                | CUSIP: 69292BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    720000 | PA      | $716149.83    | 0.12%             | 2043-03-15      | Variable      | 4.92%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MTG TR 202                              | GRADE 2024-RTL5 A1                                                                             | CUSIP: 795935AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    859678 | PA      | $860623.90    | 0.14%             | 2030-04-25      | Variable      | 7.76%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE T                              | GRADE 2026-HB1 A1A                                                                             | CUSIP: 795939AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    586239 | PA      | $585448.22    | 0.09%             | 2056-04-25      | Variable      | 5.08%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | CAS 2025-R04 1M1                                                                               | CUSIP: 20755TAB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    717447 | PA      | $716812.53    | 0.12%             | 2045-05-25      | Variable      | 4.86%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | CAS 2024-R03 2M1                                                                               | CUSIP: 207941AA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    128517 | PA      | $128398.51    | 0.02%             | 2044-03-25      | Variable      | 4.81%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QD6554                                                                                      | CUSIP: 3133B4H73<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    154255 | PA      | $137279.27    | 0.02%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QD6555                                                                                      | CUSIP: 3133B4H81<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    104607 | PA      | $93383.78     | 0.02%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR ZK8962                                                                                      | CUSIP: 3131XC5X1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     89483 | PA      | $86951.07     | 0.01%             | 2032-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR ZK9163                                                                                      | CUSIP: 3131XDFC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     57902 | PA      | $56208.83     | 0.01%             | 2033-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2013-5                                    | SEMT 2013-5 A1                                                                                 | CUSIP: 81745AAA5<br>LEI: 549300671OK77JNRLK28 | Long             | ABS-O            | CORP              | US        |     72896 | PA      | $65230.18     | 0.01%             | 2043-05-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Stack Infrastructure Issuer Llc                                  | SIDC 2026-1A A2                                                                                | CUSIP: 85236KAR3<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |   1128000 | PA      | $1090976.12   | 0.18%             | 2056-03-27      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                | PNC V6.875 10/20/34                                                                            | CUSIP: 693475BU8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1268000 | PA      | $1400848.36   | 0.23%             | 2034-10-20      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-RCF3 LLC                                               | PRPM 2025-RCF4 A1                                                                              | CUSIP: 69382WAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    467526 | PA      | $462618.49    | 0.07%             | 2055-08-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Pret 2021-Rn4 LLC                                                | PRET 2025-RPL1 A1                                                                              | CUSIP: 69392FAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    696136 | PA      | $687558.05    | 0.11%             | 2069-07-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Pret 2021-Rn4 LLC                                                | PRET 2025-RPL2 A1                                                                              | CUSIP: 69392LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    776397 | PA      | $767834.15    | 0.12%             | 2064-08-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                                        | SUN 5.625 03/15/31 144A                                                                        | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    835000 | PA      | $831170.11    | 0.13%             | 2031-03-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| SWITCH ABS ISSUER LLC 2024-1                                     | SWTCH 2026-1A A21                                                                              | CUSIP: 871044BA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1202178.75   | 0.19%             | 2056-03-27      | Fixed         | 5.61%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR ZM1434                                                                                      | CUSIP: 3131XUSX6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    130569 | PA      | $122319.40    | 0.02%             | 2046-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR ZM6276                                                                                      | CUSIP: 3131Y06M9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    178603 | PA      | $171632.00    | 0.03%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PRPM 2021-RPL2 LLC                                               | PRPM 2025-RPL3 A1                                                                              | CUSIP: 69392NAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    620756 | PA      | $599416.71    | 0.10%             | 2055-04-25      | Variable      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| PRPM 2024-RCF2 LLC                                               | PRPM 2024-RCF2 A1                                                                              | CUSIP: 693987AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    272232 | PA      | $267326.53    | 0.04%             | 2054-03-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QD8288                                                                                      | CUSIP: 3133B6F54<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     62448 | PA      | $53419.04     | 0.01%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QG5055                                                                                      | CUSIP: 3133C5TL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     93161 | PA      | $92138.24     | 0.01%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Priority 1 Issuer Logistics DAC                                  | PRPM 2025-RPL4 A1                                                                              | CUSIP: 74448NAA2<br>LEI: 635400FLODFXG5M9HI42 | Long             | ABS-O            | CORP              | US        |    949542 | PA      | $914765.13    | 0.15%             | 2055-05-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| CompoSecure/Husky Technologies                                   | CompoSecure/Husky Technologies Term Loan B 225 2032-12-31                                      | CUSIP: 20459KAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    175000 | PA      | $174235.25    | 0.03%             | 2033-01-14      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FG Q58477                                                                                      | CUSIP: 3132Y2M37<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     76231 | PA      | $72835.85     | 0.01%             | 2048-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Finance Of America Structured Securities Tr 2017-HB1             | FASST 2025-S1 A1                                                                               | CUSIP: 31741BAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    546711 | PA      | $529332.12    | 0.09%             | 2075-02-25      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Cifc Funding 2019-VII Ltd. / Cifc Funding 2019-VII LLC           | CIFC 2019-7A A1R                                                                               | CUSIP: 171935AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1469000 | PA      | $1469000.00   | 0.24%             | 2038-10-19      | Variable      | 4.95%                 | Yes           |                  2 | On Loan: No      |
| Elmwood Clo VII Ltd.                                             | ELM10 2021-3A AR2                                                                              | CUSIP: 29002VAW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1362000 | PA      | $1362637.14   | 0.22%             | 2038-07-20      | Variable      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| Flagstar Mtg Tr 2017-1                                           | FSMT 2021-13IN A2                                                                              | CUSIP: 33853HAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1769684 | PA      | $1533947.26   | 0.25%             | 2051-12-30      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Foundation Finance Trust 2024-1                                  | FFIN 2025-2A A                                                                                 | CUSIP: 35042NAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    682865 | PA      | $679560.20    | 0.11%             | 2052-04-15      | Fixed         | 4.67%                 | Yes           |                  2 | On Loan: No      |
| Takeoff Merger Subordinated Inc.                                 | SUMIAL 4.85 03/24/31 144A                                                                      | CUSIP: 873923AE6<br>LEI: 984500DF5ACB4A114F45 | Long             | DBT              | CORP              | US        |   1822000 | PA      | $1799215.36   | 0.29%             | 2031-03-24      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| Takeoff Merger Subordinated Inc.                                 | SUMIAL 5.5 03/24/36 144A                                                                       | CUSIP: 873923AG1<br>LEI: 984500DF5ACB4A114F45 | Long             | DBT              | CORP              | US        |    535000 | PA      | $527033.23    | 0.09%             | 2036-03-24      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                          | TLN 6.25 02/01/34 144A                                                                         | CUSIP: 87422VAM0<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |   1245000 | PA      | $1231128.71   | 0.20%             | 2034-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                          | TLN 6.5 02/01/36 144A                                                                          | CUSIP: 87422VAN8<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |   2043000 | PA      | $2057159.48   | 0.33%             | 2036-02-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Equinix Asia Financing Corporation Pte Ltd.                      | EQIX 4.4 03/15/31                                                                              | CUSIP: 29447KAA3<br>LEI: 2549002E9B0F5FQ3X427 | Long             | DBT              | CORP              | SG        |    915000 | PA      | $895689.21    | 0.15%             | 2031-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| OHA Credit Funding 7 Ltd.                                        | OAKC 2020-7A A1R2                                                                              | CUSIP: 67098WAY7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1499979.00   | 0.24%             | 2038-07-19      | Variable      | 4.95%                 | Yes           |                  2 | On Loan: No      |
| FOUNDATION FINANCE TRUST 2025-3                                  | FFIN 2025-3A A                                                                                 | CUSIP: 35042TAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    634787 | PA      | $630241.39    | 0.10%             | 2052-08-15      | Fixed         | 4.56%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust 2011-C2                           | MSC 2018-H4 A4                                                                                 | CUSIP: 61691RAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    883008 | PA      | $875430.21    | 0.14%             | 2051-12-15      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QG5161                                                                                      | CUSIP: 3133C5WW7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    126069 | PA      | $124636.26    | 0.02%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QG6693                                                                                      | CUSIP: 3133C7NJ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    321548 | PA      | $327287.57    | 0.05%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners XXIV Ltd.                            | OCT42 2019-3A A2RR                                                                             | CUSIP: 67576PBA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249566.73    | 0.04%             | 2037-07-15      | Variable      | 5.23%                 | Yes           |                  2 | On Loan: No      |
| Oha Credit Partners Xv Limited                                   | OAKC 2021-9A A2R                                                                               | CUSIP: 67690AAQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1058000 | PA      | $1053432.19   | 0.17%             | 2037-10-19      | Variable      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Tallgrass Energy Partners, LP and Tallgrass Energy Finance Corp. | TEP 7.375 02/15/29 144A                                                                        | CUSIP: 87470LAL5<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |    936000 | PA      | $962897.83    | 0.16%             | 2029-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Tallgrass Energy Partners, LP and Tallgrass Energy Finance Corp. | TEP 6.75 03/15/34 144A                                                                         | CUSIP: 87470LAM3<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |   2216000 | PA      | $2227095.51   | 0.36%             | 2034-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Taylor Morrison Communities Inc                                  | TMHC 5.125 08/01/30 144A                                                                       | CUSIP: 87724RAJ1<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   1396000 | PA      | $1380031.57   | 0.22%             | 2030-08-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Taylor Morrison Communities Inc                                  | TMHC 5.75 11/15/32 144A                                                                        | CUSIP: 87724RAK8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   1914000 | PA      | $1915674.75   | 0.31%             | 2032-11-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                     | T 3.375 11/30/27                                                                               | CUSIP: 91282CPL9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11918000 | PA      | $11830011.67  | 1.92%             | 2027-11-30      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | Sell GBP / Buy USD                                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $13769.38     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Cap I Tst 2018-H3                                 | MSC 2018-H3 A5                                                                                 | CUSIP: 61767YAZ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    590372 | PA      | $585983.77    | 0.09%             | 2051-07-15      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-SPL1         | MSRM 2025-SPL1 A1                                                                              | CUSIP: 617946AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    573437 | PA      | $560627.87    | 0.09%             | 2065-02-25      | Variable      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QG7441                                                                                      | CUSIP: 3133C8HS7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    188551 | PA      | $191570.60    | 0.03%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QN0783                                                                                      | CUSIP: 3133G62Q7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     60680 | PA      | $58386.64     | 0.01%             | 2034-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Carvana Co                                                       | CVNA 9 06/01/30 144A                                                                           | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   2020898 | PA      | $2102245.21   | 0.34%             | 2030-06-01      | Variable      | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust 2025-2                             | CMLTI 2025-LTV1 A1                                                                             | CUSIP: 17332XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1160612 | PA      | $1156010.39   | 0.19%             | 2055-12-25      | Variable      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                 | NRG 6 02/01/33 144A                                                                            | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    606000 | PA      | $606154.53    | 0.10%             | 2033-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                 | NRG 5.75 01/15/34 144A                                                                         | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    726000 | PA      | $716144.11    | 0.12%             | 2034-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QN0786                                                                                      | CUSIP: 3133G62T1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    131132 | PA      | $126292.45    | 0.02%             | 2034-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QN0951                                                                                      | CUSIP: 3133G7BU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     82511 | PA      | $78363.30     | 0.01%             | 2034-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer II LLC                                | CMPDC 2024-2A A1                                                                               | CUSIP: 20469AAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    201000 | PA      | $200340.94    | 0.03%             | 2049-08-25      | Fixed         | 5.02%                 | Yes           |                  2 | On Loan: No      |
| Compass Datacenters Issuer II LLC                                | CMDC 2025-1A A2                                                                                | CUSIP: 20469BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1228000 | PA      | $1226963.26   | 0.20%             | 2050-02-25      | Fixed         | 5.66%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR RA1087                                                                                      | CUSIP: 3133KGF45<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    132642 | PA      | $129916.77    | 0.02%             | 2049-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR RA1088                                                                                      | CUSIP: 3133KGF52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     26334 | PA      | $25746.37     | 0.00%             | 2049-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer II LLC                                | CMDC 2025-2A A2                                                                                | CUSIP: 20469BAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    764000 | PA      | $757435.74    | 0.12%             | 2050-02-25      | Fixed         | 5.83%                 | Yes           |                  2 | On Loan: No      |
| Compass Datacenters Issuer II LLC                                | CMPDC 2025-1A A1                                                                               | CUSIP: 20469CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3544000 | PA      | $3543563.30   | 0.57%             | 2050-05-25      | Fixed         | 5.32%                 | Yes           |                  2 | On Loan: No      |
| CONE 2024-DWF1                                                   | CONE 2024-DFW1 A                                                                               | CUSIP: 20682AAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    993000 | PA      | $986253.24    | 0.16%             | 2041-08-15      | Variable      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| CONE 2024-DWF1                                                   | CONE 2024-DFW1 B                                                                               | CUSIP: 20682AAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    729739 | PA      | $726289.18    | 0.12%             | 2041-08-15      | Variable      | 5.96%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                 | NRG 6 01/15/36 144A                                                                            | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1361000 | PA      | $1348624.56   | 0.22%             | 2036-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| NRZ Fht Excess LLC                                               | NZES 2021-FHT1 A                                                                               | CUSIP: 62955MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    234603 | PA      | $232417.63    | 0.04%             | 2026-07-25      | Fixed         | 3.10%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mtg LLC / Nrm Fnt1 Excess LLC                    | NZES 2024-FNT1 A                                                                               | CUSIP: 62956YAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    630793 | PA      | $634901.19    | 0.10%             | 2031-11-25      | Variable      | 7.40%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust 2018-2                       | NRZT 2018-2A A1                                                                                | CUSIP: 64828CAA7<br>LEI: 549300U1MV4J7YQZG974 | Long             | ABS-O            | CORP              | US        |    114902 | PA      | $115057.81    | 0.02%             | 2058-02-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CSTL COMMERCIAL MORTGAGE TRUST 2026-GATE3                        | CSTL 2026-GATE3 A                                                                              | CUSIP: 228920AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    298000 | PA      | $295083.93    | 0.05%             | 2043-02-10      | Variable      | 4.69%                 | Yes           |                  2 | On Loan: No      |
| CYRUSONE DATA CENTERS ISSUER I LLC                               | CYRUS 2024-1A A2                                                                               | CUSIP: 23284BAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    570666 | PA      | $558796.36    | 0.09%             | 2049-03-22      | Fixed         | 4.76%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                              | NRMLT 2024-RTL2 A1                                                                             | CUSIP: 64831WAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    584000 | PA      | $585400.14    | 0.09%             | 2039-09-25      | Variable      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| New Residential Advance Recs Trust                               | NRZT 2024-NQM2 A1                                                                              | CUSIP: 64832BAC9<br>LEI: 5493008390ERUXVSGM12 | Long             | ABS-O            | CORP              | US        |    735017 | PA      | $731898.73    | 0.12%             | 2064-09-25      | Variable      | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR RA1188                                                                                      | CUSIP: 3133KGJ90<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    133082 | PA      | $130348.31    | 0.02%             | 2049-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR RA1999                                                                                      | CUSIP: 3133KHGG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     93923 | PA      | $91993.70     | 0.01%             | 2050-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CYRUSONE DATA CENTERS ISSUER I LLC                               | CYRUS 2024-2A A2                                                                               | CUSIP: 23284BAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    742000 | PA      | $721633.76    | 0.12%             | 2049-05-20      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CYRUSONE DATA CENTERS ISSUER I LLC                               | CYRUS 2024-3A A2                                                                               | CUSIP: 23284BAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1761000 | PA      | $1675648.94   | 0.27%             | 2049-05-20      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| Cyprium Corp./Cyprium Holdings Luxembourg S.a r.l.               | VGNT 6.375 04/15/34 144A                                                                       | CUSIP: 23292NAB4<br>LEI: 254900V7LN9S9W17X250 | Long             | DBT              | CORP              | N/A       |    523000 | PA      | $507645.78    | 0.08%             | 2034-04-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| DB Master Finance LLC                                            | DNKN 2017-1A A2II                                                                              | CUSIP: 233046AF8<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |    304520 | PA      | $301807.17    | 0.05%             | 2047-11-20      | Fixed         | 4.03%                 | Yes           |                  2 | On Loan: No      |
| NRTH COMMERCIAL MORTGAGE TRUST 2025-PARK                         | NRTH 2025-PARK A                                                                               | CUSIP: 669985AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1210000 | PA      | $1208606.74   | 0.20%             | 2040-10-15      | Variable      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                       | OXY 8.875 07/15/30                                                                             | CUSIP: 674599EA9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    665000 | PA      | $756954.21    | 0.12%             | 2030-07-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BK1964                                                                                      | CUSIP: 3140HFFE4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    178783 | PA      | $172072.87    | 0.03%             | 2048-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BK2913                                                                                      | CUSIP: 3140HGGX9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    110085 | PA      | $95063.07     | 0.02%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DT Midstream Inc                                                 | DTMINC 4.125 06/15/29 144A                                                                     | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1386000 | PA      | $1356839.14   | 0.22%             | 2029-06-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| DC COMMERCIAL MORTGAGE TRUST 2023-D                              | DC 2023-DC B                                                                                   | CUSIP: 24023AAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1014152 | PA      | $1026026.10   | 0.17%             | 2040-09-12      | Fixed         | 6.80%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BN3899                                                                                      | CUSIP: 3140JLKM5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     36765 | PA      | $35088.22     | 0.01%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BO2983                                                                                      | CUSIP: 3140JXJ58<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     35723 | PA      | $32207.37     | 0.01%             | 2049-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR ZK9009                                                                                      | CUSIP: 3131XDAJ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     28921 | PA      | $28062.25     | 0.00%             | 2032-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SD3493                                                                                      | CUSIP: 3132DQ3A2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    864837 | PA      | $740061.33    | 0.12%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BW7369                                                                                      | CUSIP: 3140N0FK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    298697 | PA      | $297910.59    | 0.05%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Huntington National Bank of Ohio                                 | HACLN 2024-2 B1                                                                                | CUSIP: 44644NAG4<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | ABS-O            | CORP              | US        |    338803 | PA      | $341585.04    | 0.06%             | 2032-10-20      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                       | OXY 6.625 09/01/30                                                                             | CUSIP: 674599ED3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    337000 | PA      | $362386.65    | 0.06%             | 2030-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                     | ORCL 5.5 08/03/35                                                                              | CUSIP: 68389XDA0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    390000 | PA      | $372292.28    | 0.06%             | 2035-08-03      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SCG Commercial Mortgage Trust 2025-DLFN                          | SCG 2025-DLFN A                                                                                | CUSIP: 78398EAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1735000 | PA      | $1728032.95   | 0.28%             | 2035-03-15      | Variable      | 4.87%                 | Yes           |                  2 | On Loan: No      |
| SF ABS ISSUER LLC                                                | SFARM 2025-1A A2                                                                               | CUSIP: 784193AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2076000 | PA      | $2001017.29   | 0.32%             | 2055-11-25      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                         | GN BC7161                                                                                      | CUSIP: 3617BA5W9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     36647 | PA      | $34955.39     | 0.01%             | 2047-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | G2 BH3672                                                                                      | CUSIP: 3617H1CH8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     22906 | PA      | $22334.07     | 0.00%             | 2048-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SEB FUNDING LLC                                                  | SEB4P 2026-1A A2                                                                               | CUSIP: 78433DAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    852000 | PA      | $846756.62    | 0.14%             | 2056-01-30      | Fixed         | 6.67%                 | Yes           |                  2 | On Loan: No      |
| SCF EQUIPMENT LEASING 2025-2 LLC                                 | SCFET 2025-2A A2                                                                               | CUSIP: 78439XAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    346000 | PA      | $345902.39    | 0.06%             | 2031-12-22      | Fixed         | 4.26%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                         | G2 BH3673                                                                                      | CUSIP: 3617H1CJ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     99662 | PA      | $96871.53     | 0.02%             | 2048-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association                        | CHASE 2021-CL1 M1                                                                              | CUSIP: 46591HBX7<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | ABS-O            | CORP              | US        |    409309 | PA      | $399541.99    | 0.06%             | 2050-02-25      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| Salesforce Inc.                                                  | CRM 6.4 03/15/46                                                                               | CUSIP: 79466LAV6<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    315000 | PA      | $317180.71    | 0.05%             | 2046-03-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Salesforce Inc.                                                  | CRM 6.55 03/15/56                                                                              | CUSIP: 79466LAW4<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |   1070000 | PA      | $1073711.98   | 0.17%             | 2056-03-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| LMDV Issuer Co LLC                                               | LMDV 2025-1A A2                                                                                | CUSIP: 538908AA2<br>LEI: 254900A6HRP8XHJJGM20 | Long             | ABS-O            | CORP              | US        |    496000 | PA      | $495395.15    | 0.08%             | 2055-12-15      | Fixed         | 5.31%                 | Yes           |                  2 | On Loan: No      |
| Mello Mortgage Capital Acceptance 2018-Mtg1                      | MELLO 2021-INV3 A11                                                                            | CUSIP: 585491BC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    777714 | PA      | $727414.53    | 0.12%             | 2051-10-25      | Variable      | 4.62%                 | Yes           |                  2 | On Loan: No      |
| QTS ISSUER ABS II, LLC                                           | QTSII 2025-1A A2                                                                               | CUSIP: 74690FAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1361000 | PA      | $1329663.18   | 0.22%             | 2055-10-05      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| QTS ISSUER ABS II, LLC                                           | QTSII 2026-5A A2                                                                               | CUSIP: 74690FBE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1172000 | PA      | $1166238.26   | 0.19%             | 2056-03-05      | Fixed         | 6.18%                 | Yes           |                  2 | On Loan: No      |
| Mello Mortgage Capital Acceptance 2018-Mtg1                      | MELLO 2024-SD1 A1                                                                              | CUSIP: 58550DAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    415234 | PA      | $408385.22    | 0.07%             | 2054-04-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust 2016-Ubs11                        | MSC 2016-UB11 A4                                                                               | CUSIP: 61767FBA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    594000 | PA      | $590463.63    | 0.10%             | 2049-08-15      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| Quikrete                                                         | Quikrete Term Loan B-3 (Incremental) 225 2032-01-23                                            | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    594031 | PA      | $592546.33    | 0.10%             | 2032-02-10      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                      | RCKT 2021-3 A21                                                                                | CUSIP: 74938DAW3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    580014 | PA      | $539648.86    | 0.09%             | 2051-07-25      | Variable      | 4.46%                 | Yes           |                  2 | On Loan: No      |
| PRET 2025-RPL5 TRUST                                             | PRET 2025-RPL5 A1                                                                              | CUSIP: 69393AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1201651 | PA      | $1166526.98   | 0.19%             | 2070-01-25      | Variable      | 4.15%                 | Yes           |                  2 | On Loan: No      |
| QTS ISSUER ABS I, LLLC                                           | QTS 2025-1A A2                                                                                 | CUSIP: 74690DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1870000 | PA      | $1848836.98   | 0.30%             | 2055-05-25      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2026-CES2                                    | RCKT 2026-CES2 A1A                                                                             | CUSIP: 74940EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    539814 | PA      | $533829.14    | 0.09%             | 2056-02-01      | Variable      | 4.76%                 | Yes           |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2026-CES2                                    | RCKT 2026-CES2 A1B                                                                             | CUSIP: 74940EAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    149289 | PA      | $147911.45    | 0.02%             | 2056-02-01      | Variable      | 4.86%                 | Yes           |                  2 | On Loan: No      |
| AFFIRM MASTER TRUST                                              | AFRMT 2025-3A A                                                                                | CUSIP: 00833BAN8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    725000 | PA      | $722206.24    | 0.12%             | 2034-10-16      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| BLP TRUST 2025-IND2                                              | BLP 2025-IND2 A                                                                                | CUSIP: 05556WAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    866000 | PA      | $863647.44    | 0.14%             | 2042-12-15      | Variable      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2025-B                              | BOCA 2025-BOCA A                                                                               | CUSIP: 05619RAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    990000 | PA      | $988955.42    | 0.16%             | 2042-12-15      | Variable      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN CB3240                                                                                      | CUSIP: 3140QNS60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    117804 | PA      | $104747.76    | 0.02%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN CB4329                                                                                      | CUSIP: 3140QPY35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     59847 | PA      | $55579.99     | 0.01%             | 2052-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Self Commercial Mortgage Trust 2024-STRG                         | SELF 2024-STRG A                                                                               | CUSIP: 81631WAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    148513 | PA      | $148423.69    | 0.02%             | 2034-11-15      | Variable      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| TYSN 2023 CRNR MORTGAGE TRUST                                    | TYSN 2023-CRNR A                                                                               | CUSIP: 87332PAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2921612 | PA      | $3038644.19   | 0.49%             | 2033-12-10      | Variable      | 6.58%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FNMA-30YR                                                                                      | CUSIP: 01F022642<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3969786 | PA      | $3338852.03   | 0.54%             | 2051-10-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FNMA-30YR                                                                                      | CUSIP: 01F030645<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    131000 | PA      | $115170.61    | 0.02%             | 2051-11-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN CB7112                                                                                      | CUSIP: 3140QS3W9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1349491 | PA      | $1379371.76   | 0.22%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN CB6686                                                                                      | CUSIP: 3140QSNC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    325532 | PA      | $318322.83    | 0.05%             | 2053-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RESEARCH-DRIVEN PAGAYA MOTOR ASSET TRUST 2026-R1                 | RPM 2026-R1A A                                                                                 | CUSIP: 76089TAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    434000 | PA      | $434750.73    | 0.07%             | 2034-07-25      | Fixed         | 5.66%                 | Yes           |                  2 | On Loan: No      |
| Roblox Corporation                                               | RBLX 3.875 05/01/30 144A                                                                       | CUSIP: 771049AA1<br>LEI: 529900ANZDBDFU91SO19 | Long             | DBT              | CORP              | US        |   2245000 | PA      | $2109812.39   | 0.34%             | 2030-05-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Taco Bell Funding Llc                                            | BELL 2018-1A A2II                                                                              | CUSIP: 87342RAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    571500 | PA      | $569000.71    | 0.09%             | 2048-11-25      | Fixed         | 4.94%                 | Yes           |                  2 | On Loan: No      |
| Taco Bell Funding Llc                                            | BELL 2021-1A A2II                                                                              | CUSIP: 87342RAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1125945 | PA      | $1041303.29   | 0.17%             | 2051-08-25      | Fixed         | 2.29%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FNMA-30YR                                                                                      | CUSIP: 01F042640<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2567852 | PA      | $2476076.97   | 0.40%             | 2055-07-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                         | AOMT 2019-5 A1                                                                                 | CUSIP: 03464KAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     14421 | PA      | $14295.53     | 0.00%             | 2049-10-25      | Variable      | 2.59%                 | Yes           |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Company LLC                          | TEVA 6.15 02/01/36                                                                             | CUSIP: 88163VAD1<br>LEI: 5493006PITD7MU7WW480 | Long             | DBT              | CORP              | US        |   1520000 | PA      | $1566077.28   | 0.25%             | 2036-02-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| TOORAK MORTGAGE CORP                                             | TRK 2025-RRTL1 A1                                                                              | CUSIP: 89053JAB3<br>LEI: 25490023B58UP9CM5N96 | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $450649.35    | 0.07%             | 2040-02-25      | Variable      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust 2019-6                                  | AOMT 2019-6 A1                                                                                 | CUSIP: 03464VAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     11649 | PA      | $11527.68     | 0.00%             | 2059-11-25      | Variable      | 2.62%                 | Yes           |                  2 | On Loan: No      |
| Apollo Debt Solutions BDC                                        | APODS 5.2 12/08/28 144A                                                                        | CUSIP: 03770DAH6<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |    572000 | PA      | $564900.08    | 0.09%             | 2028-12-08      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust 2025-FIX2                              | TPMT 2025-FIX2 A1                                                                              | CUSIP: 89183RAA0<br>LEI: 25490010CSYSAQU59J50 | Long             | ABS-O            | CORP              | US        |   1050024 | PA      | $1046707.27   | 0.17%             | 2065-10-25      | Variable      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| TRACKSIDE RAIL LLC                                               | MWCX 2026-1A A                                                                                 | CUSIP: 89239YAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    936000 | PA      | $914267.06    | 0.15%             | 2056-03-20      | Fixed         | 4.89%                 | Yes           |                  2 | On Loan: No      |
| Apld Computeco 2 LLC                                             | PFORGE 6.75 03/15/31 144A                                                                      | CUSIP: 03772CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1585000 | PA      | $1573459.77   | 0.26%             | 2031-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Applovin Corp.                                                   | APP 5.375 12/01/31                                                                             | CUSIP: 03831WAC2<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    980000 | PA      | $989615.57    | 0.16%             | 2031-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS I, LLLC                                           | QTS 2025-1A B                                                                                  | CUSIP: 74690DAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2082000 | PA      | $2028923.29   | 0.33%             | 2055-05-25      | Fixed         | 5.93%                 | Yes           |                  2 | On Loan: No      |
| Qnity Electronics                                                | Qnity Electronics Term Loan B 200 2032-08-03                                                   | CUSIP: 74737SAB9<br>LEI: 254900RSUG4J9TFFZX53 | Long             | LON              | CORP              | US        |    501000 | PA      | $499747.50    | 0.08%             | 2032-11-01      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Rocket Companies Inc                                             | RKT 6.125 08/01/30 144A                                                                        | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1495000 | PA      | $1508794.37   | 0.24%             | 2030-08-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                                     | RCL 4.75 05/15/33                                                                              | CUSIP: 78017TAC7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1238000 | PA      | $1195363.75   | 0.19%             | 2033-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BLP Commercial Mortgage Trust 2025-IND                           | BLP 2025-IND A                                                                                 | CUSIP: 05625BAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1453158 | PA      | $1443166.21   | 0.23%             | 2042-03-15      | Variable      | 4.87%                 | Yes           |                  2 | On Loan: No      |
| Black Pearl Compute LLC                                          | BLKPRL 6.125 02/15/31 144A                                                                     | CUSIP: 09216NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1503000 | PA      | $1529748.89   | 0.25%             | 2031-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN CB6851                                                                                      | CUSIP: 3140QSTH4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    228891 | PA      | $223800.37    | 0.04%             | 2053-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN CB7430                                                                                      | CUSIP: 3140QTHG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    474414 | PA      | $485319.95    | 0.08%             | 2053-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Salesforce Inc.                                                  | CRM 4.9 09/15/31                                                                               | CUSIP: 79466LAS3<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |   2144000 | PA      | $2140963.45   | 0.35%             | 2031-09-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Salesforce Inc.                                                  | CRM 5.2 03/15/33                                                                               | CUSIP: 79466LAT1<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |   1613000 | PA      | $1610245.42   | 0.26%             | 2033-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CBAMR 2018-8 LTD/ CBAMR 2018-8 LLC                               | CBAMR 2018-5A A1R                                                                              | CUSIP: 12516LAC9<br>LEI: 254900YSCN4KH02DQ033 | Long             | ABS-CBDO         | CORP              | KY        |    892000 | PA      | $892213.01    | 0.14%             | 2038-10-18      | Variable      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| Carlyle 2013-4 Income Note Issuer Limited                        | CGMS 2018-4A A2R                                                                               | CUSIP: 14315RAN1<br>LEI: 549300WQ4HLX1BLT1967 | Long             | ABS-CBDO         | CORP              | KY        |   1898000 | PA      | $1902452.90   | 0.31%             | 2037-10-19      | Variable      | 5.23%                 | Yes           |                  2 | On Loan: No      |
| Applovin Corp.                                                   | APP 5.5 12/01/34                                                                               | CUSIP: 03831WAD0<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |   5019000 | PA      | $4977447.45   | 0.81%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Applovin Corp.                                                   | APP 5.95 12/01/54                                                                              | CUSIP: 03831WAE8<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |   1262000 | PA      | $1146322.38   | 0.19%             | 2054-12-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                   | BCRED 7.3 11/27/28                                                                             | CUSIP: 09261HBC0<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    860000 | PA      | $877599.07    | 0.14%             | 2028-11-27      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| BREAN ASSET BACKED SECS TR 24-RM8                                | BABS 2024-RM8 A1                                                                               | CUSIP: 10637YAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    806532 | PA      | $793105.98    | 0.13%             | 2064-05-25      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CARLYLE US CLO 2023-2 LTD/LLC                                    | CGMS 2023-2A A1R                                                                               | CUSIP: 14318GAN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2014000 | PA      | $2015429.34   | 0.33%             | 2038-07-20      | Variable      | 4.99%                 | Yes           |                  2 | On Loan: No      |
| CROTON PARK CLO LTD                                              | CRTPK 2024-1A A2                                                                               | CUSIP: 227800AC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    994000 | PA      | $991820.26    | 0.16%             | 2036-10-15      | Variable      | 5.23%                 | Yes           |                  2 | On Loan: No      |
| TKO Group Holdings (UFC)                                         | TKO Group Holdings (UFC) Term Loan B (Add-on) 200 2031-11-01                                   | CUSIP: 90266UAL7<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | US        |   2805054 | PA      | $2801463.85   | 0.45%             | 2031-11-21      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| UPG HI ISSUER TRUST 2025-2                                       | UPGHI 2025-2 A                                                                                 | CUSIP: 90321EAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    391267 | PA      | $390439.44    | 0.06%             | 2047-09-25      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN CB8134                                                                                      | CUSIP: 3140QUBC9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    869640 | PA      | $888511.10    | 0.14%             | 2054-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN CB8543                                                                                      | CUSIP: 3140QUP59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1475926 | PA      | $1524249.94   | 0.25%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                      | COF V7.624 10/30/31 .                                                                          | CUSIP: 14040HDC6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1748000 | PA      | $1930660.27   | 0.31%             | 2031-10-30      | Variable      | 7.62%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                      | COF V5.884 07/26/35                                                                            | CUSIP: 14040HDH5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1506000 | PA      | $1542518.15   | 0.25%             | 2035-07-26      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR ZT1145                                                                                      | CUSIP: 3132ADHW1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     45477 | PA      | $45149.48     | 0.01%             | 2044-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR ZT1173                                                                                      | CUSIP: 3132ADJS8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    201801 | PA      | $195389.79    | 0.03%             | 2046-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                      | RCKT 2024-CES5 A1A                                                                             | CUSIP: 74938KAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    838025 | PA      | $841286.64    | 0.14%             | 2044-08-25      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                      | RCKT 2024-CES2 A1A                                                                             | CUSIP: 74938PAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    718710 | PA      | $723239.77    | 0.12%             | 2044-04-25      | Variable      | 6.14%                 | Yes           |                  2 | On Loan: No      |
| U.S. Bank National Association                                   | USCLN 2026-RVM1 B1                                                                             | CUSIP: 90355PAJ5<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | ABS-O            | CORP              | US        |    580000 | PA      | $577138.95    | 0.09%             | 2046-12-25      | Fixed         | 4.96%                 | Yes           |                  2 | On Loan: No      |
| United Airlines Holdings Inc                                     | UAL 4.875 03/01/29                                                                             | CUSIP: 910047AM1<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |   4036000 | PA      | $3947537.74   | 0.64%             | 2029-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Salesforce Inc.                                                  | CRM 5.55 03/15/36                                                                              | CUSIP: 79466LAU8<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |   1699000 | PA      | $1693715.06   | 0.27%             | 2036-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| NCL Corporation Ltd.                                             | NCLH 5.875 01/15/31 144A                                                                       | CUSIP: 62886HBY6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   2384000 | PA      | $2316212.94   | 0.38%             | 2031-01-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Formula One                                                      | Formula One Term Loan B 200 2031-09-01                                                         | CUSIP: L2465BAW6<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   2869649 | PA      | $2861040.13   | 0.46%             | 2031-09-30      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN FS0359                                                                                      | CUSIP: 3140XFMH1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    720654 | PA      | $617653.32    | 0.10%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN FS0662                                                                                      | CUSIP: 3140XFWY3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3484802 | PA      | $2984571.48   | 0.48%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                    | USB V5.384 01/23/30                                                                            | CUSIP: 91159HJQ4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   1263000 | PA      | $1293440.45   | 0.21%             | 2030-01-23      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| Tenaska Westmoreland                                             | Tenaska Westmoreland Term Loan B 225 2033-01-18                                                | CUSIP: 88032VAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2153000 | PA      | $2142235.00   | 0.35%             | 2033-02-18      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers Clo 34 Ltd                        | NEUB 2019-32RA A                                                                               | CUSIP: 64135XAA9<br>LEI: 5493009EGZQAPYYVLD80 | Long             | ABS-CBDO         | CORP              | KY        |   1390830 | PA      | $1391592.87   | 0.23%             | 2039-07-20      | Variable      | 4.98%                 | Yes           |                  2 | On Loan: No      |
| OCP Clo 2019-16 Ltd.                                             | OCP 2020-18A A2R2                                                                              | CUSIP: 671078AY9<br>LEI: 254900XAI48J82ID5O83 | Long             | ABS-CBDO         | CORP              | KY        |    503005 | PA      | $502145.72    | 0.08%             | 2037-07-20      | Variable      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| United Kingdom of Great Britain and Northern Ireland             | UKT 4.125 03/07/31                                                                             | CUSIP: G4527HU58<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |  10486200 | PA      | $13663105.05  | 2.21%             | 2031-03-07      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| TICP CLO VI 2016-2 Ltd.                                          | SIXST 2017-9A AR                                                                               | CUSIP: 83012CAC9<br>LEI: 254900JG2DPAYUCW8T83 | Long             | ABS-CBDO         | CORP              | KY        |   1509000 | PA      | $1509415.13   | 0.24%             | 2037-07-21      | Variable      | 5.05%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO 2014-6 Ltd.                                              | OCP 2025-44A A                                                                                 | CUSIP: 67570UAA0<br>LEI: 2549001TBA76KDJQIQ68 | Long             | ABS-CBDO         | CORP              | KY        |    808000 | PA      | $808214.44    | 0.13%             | 2038-10-25      | Variable      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2025-CES10                                   | RCKT 2025-CES10 A1A                                                                            | CUSIP: 74939LAA2<br>LEI: 2549008ADDIO9CIJ8W08 | Long             | ABS-O            | CORP              | US        |    506596 | PA      | $502690.18    | 0.08%             | 2055-11-25      | Variable      | 4.89%                 | Yes           |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2025-CES8                                    | RCKT 2025-CES8 A1A                                                                             | CUSIP: 74939WAA8<br>LEI: 254900FCN7EI8DTYGA19 | Long             | ABS-O            | CORP              | US        |    808365 | PA      | $806585.19    | 0.13%             | 2055-08-25      | Variable      | 5.15%                 | Yes           |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III B.V.                 | TEVA 3.15 10/01/26                                                                             | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    623000 | PA      | $616806.63    | 0.10%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III B.V.                 | TEVA 6 12/01/32                                                                                | CUSIP: 88167AAT8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   1217000 | PA      | $1249055.78   | 0.20%             | 2032-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                      | RCKT 2024-CES6 A1A                                                                             | CUSIP: 749410AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    704960 | PA      | $704238.48    | 0.11%             | 2044-09-25      | Variable      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES7                                    | RCKT 2024-CES7 A1A                                                                             | CUSIP: 749414AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1067027 | PA      | $1064041.10   | 0.17%             | 2044-10-25      | Variable      | 5.16%                 | Yes           |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                 | FN FA3182                                                                                      | CUSIP: 3140W3RC5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    261253 | PA      | $268596.89    | 0.04%             | 2055-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                 | FN FA4600                                                                                      | CUSIP: 3140W5DE1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    455422 | PA      | $385736.33    | 0.06%             | 2054-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Atlas Warehouse Lending Co. LP                                   | ATWALD 6.05 01/15/28                                                                           | CUSIP: 049463AD4<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |    909000 | PA      | $921210.65    | 0.15%             | 2028-01-15      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| Atlas Warehouse Lending Co. LP                                   | ATWALD 6.25 01/15/30                                                                           | CUSIP: 049463AE2<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |    924000 | PA      | $950280.54    | 0.15%             | 2030-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Rckt Mortgage Trust 2024-Ces9                                    | RCKT 2024-CES9 A1A                                                                             | CUSIP: 749426AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    196566 | PA      | $197139.62    | 0.03%             | 2044-12-25      | Variable      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| Rckt Mortgage Trust 2025-Ces2                                    | RCKT 2025-CES2 A1A                                                                             | CUSIP: 74942BAA9<br>LEI: 2549001985H26N17CK52 | Long             | ABS-O            | CORP              | US        |    429723 | PA      | $431206.11    | 0.07%             | 2055-02-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN FM3664                                                                                      | CUSIP: 3140X7CA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     76415 | PA      | $72930.40     | 0.01%             | 2049-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN FM5076                                                                                      | CUSIP: 3140X8UA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     93618 | PA      | $89236.01     | 0.01%             | 2050-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN FM7159                                                                                      | CUSIP: 3140XA5V0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    904949 | PA      | $762852.12    | 0.12%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SL3350                                                                                      | CUSIP: 31427QWL2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    361917 | PA      | $372465.22    | 0.06%             | 2055-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN FS1081                                                                                      | CUSIP: 3140XGFX2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1490056 | PA      | $1274609.07   | 0.21%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN FS1184                                                                                      | CUSIP: 3140XGJ67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    960371 | PA      | $891896.66    | 0.14%             | 2052-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR SL4179                                                                                      | CUSIP: 31427RUD0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    546446 | PA      | $462337.87    | 0.07%             | 2054-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR RJ1341                                                                                      | CUSIP: 3142GRP38<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1070662 | PA      | $1107945.08   | 0.18%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR RJ3021                                                                                      | CUSIP: 3142GTLB0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2577059 | PA      | $2606006.10   | 0.42%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | G2 MA7473                                                                                      | CUSIP: 36179WJS8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1019157 | PA      | $910743.36    | 0.15%             | 2051-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands IV B.V.                  | TEVA 5.75 12/01/30                                                                             | CUSIP: 881937AA4<br>LEI: 549300GKSD1RG56QRY33 | Long             | DBT              | CORP              | NL        |   1297000 | PA      | $1313460.23   | 0.21%             | 2030-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Texas Debt Cap Clo 2023-II ltd. / LLC                            | TCIFC 2023-2A A1R                                                                              | CUSIP: 88239MAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1619000 | PA      | $1619706.86   | 0.26%             | 2037-10-21      | Variable      | 5.04%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                         | G2 MA7535                                                                                      | CUSIP: 36179WLQ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2805193 | PA      | $2506571.63   | 0.41%             | 2051-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | G2 BB9814                                                                                      | CUSIP: 3617B13X9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      9598 | PA      | $9166.72      | 0.00%             | 2047-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR RJ4363                                                                                      | CUSIP: 3142GUZ55<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    706845 | PA      | $721718.70    | 0.12%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR RJ5835                                                                                      | CUSIP: 3142GWPV5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3642217 | PA      | $3625888.02   | 0.59%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | G2 BB9817                                                                                      | CUSIP: 3617B14A8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     96042 | PA      | $91722.25     | 0.01%             | 2047-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Atlas Warehouse Lending Co. LP                                   | ATWALD 4.95 11/15/30                                                                           | CUSIP: 049463AG7<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |    380000 | PA      | $372749.75    | 0.06%             | 2030-11-15      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QD9191                                                                                      | CUSIP: 3133B7F86<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     36766 | PA      | $34126.91     | 0.01%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Rckt Mortgage Trust 2025-CES9                                    | RCKT 2025-CES9 A1A                                                                             | CUSIP: 74942JAA2<br>LEI: 254900C7HSSCU34P7S40 | Long             | ABS-O            | CORP              | US        |    298519 | PA      | $295711.27    | 0.05%             | 2055-09-25      | Variable      | 4.79%                 | Yes           |                  2 | On Loan: No      |
| Rckt Mortgage Trust 2025-CES7                                    | RCKT 2025-CES7 A1A                                                                             | CUSIP: 74943AAA0<br>LEI: 254900E35NYYFOUTHD06 | Long             | ABS-O            | CORP              | US        |    426290 | PA      | $426511.84    | 0.07%             | 2055-07-25      | Variable      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | SLST 2020-2 M1                                                                                 | CUSIP: 35564CGD3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    107689 | PA      | $107182.26    | 0.02%             | 2060-09-25      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2022-DNA7                          | STACR 2023-HQA2 M1A                                                                            | CUSIP: 35564K2F5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     12527 | PA      | $12542.83     | 0.00%             | 2043-06-25      | Variable      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2022-DNA7                          | STACR 2023-HQA3 M1                                                                             | CUSIP: 35564K3G2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    257534 | PA      | $258718.58    | 0.04%             | 2043-11-25      | Variable      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2022-DNA7                          | STACR 2021-HQA3 M2                                                                             | CUSIP: 35564KJP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    306930 | PA      | $307964.04    | 0.05%             | 2041-09-25      | Variable      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2022-DNA7                          | STACR 2021-HQA4 M2                                                                             | CUSIP: 35564KNS4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1876646 | PA      | $1887851.59   | 0.31%             | 2041-12-25      | Variable      | 6.01%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2022-DNA7                          | STACR 2022-DNA2 M2                                                                             | CUSIP: 35564KRN1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    451437 | PA      | $460750.49    | 0.07%             | 2042-02-25      | Variable      | 7.41%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QD9182                                                                                      | CUSIP: 3133B7FX1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    181790 | PA      | $162264.36    | 0.03%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QD9513                                                                                      | CUSIP: 3133B7SA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    227658 | PA      | $194148.84    | 0.03%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| TVC MORTGAGE TRUST 2026-RRTL1                                    | TVC 2026-RRTL1 A1                                                                              | CUSIP: 87306XAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    533000 | PA      | $531017.72    | 0.09%             | 2041-02-25      | Variable      | 4.96%                 | Yes           |                  2 | On Loan: No      |
| Xcel Energy Inc                                                  | XEL 5.6 04/15/35                                                                               | CUSIP: 98389BBE9<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |    616000 | PA      | $626011.84    | 0.10%             | 2035-04-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2022-DNA7                          | STACR 2023-DNA2 M1A                                                                            | CUSIP: 35564KT58<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    213044 | PA      | $215015.67    | 0.03%             | 2043-04-27      | Variable      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2022-DNA7                          | STACR 2022-HQA1 M1A                                                                            | CUSIP: 35564KTA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     52418 | PA      | $52507.96     | 0.01%             | 2042-03-25      | Variable      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| Xcel Energy Inc                                                  | XEL V5.75 12/03/56                                                                             | CUSIP: 98389BBF6<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |   1044000 | PA      | $1019129.66   | 0.17%             | 2056-12-03      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QE0318                                                                                      | CUSIP: 3133B9K78<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     14831 | PA      | $14379.68     | 0.00%             | 2052-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QE1073                                                                                      | CUSIP: 3133BAFN6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     47770 | PA      | $44341.11     | 0.01%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2022-DNA7                          | STACR 2022-DNA3 M2                                                                             | CUSIP: 35564KVE6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    101525 | PA      | $104534.92    | 0.02%             | 2042-04-25      | Variable      | 8.01%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                    | STACR 2024-DNA2 M1                                                                             | CUSIP: 35564NCX9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    124764 | PA      | $124710.54    | 0.02%             | 2044-05-25      | Variable      | 4.86%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Banks                                          | FR QF0488                                                                                      | CUSIP: 3133BMRH0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGSE             | US        |    303373 | PA      | $309401.80    | 0.05%             | 2052-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QF2145                                                                                      | CUSIP: 3133BPL22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     18862 | PA      | $18805.01     | 0.00%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QF2386                                                                                      | CUSIP: 3133BPUK2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    551031 | PA      | $547989.07    | 0.09%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QF2437                                                                                      | CUSIP: 3133BPV62<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     21407 | PA      | $21902.34     | 0.00%             | 2052-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                    | STACR 2025-DNA1 M1                                                                             | CUSIP: 35564NFZ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    239284 | PA      | $238964.31    | 0.04%             | 2045-01-25      | Variable      | 4.71%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                    | STACR 2025-DNA2 M1                                                                             | CUSIP: 35564NHZ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     43541 | PA      | $43498.60     | 0.01%             | 2045-05-25      | Variable      | 4.86%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                    | STACR 2025-DNA3 M1                                                                             | CUSIP: 35564UAR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     35879 | PA      | $35814.10     | 0.01%             | 2045-09-25      | Variable      | 4.76%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QF6841                                                                                      | CUSIP: 3133BUS65<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     35320 | PA      | $35212.84     | 0.01%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QF7813                                                                                      | CUSIP: 3133BVVE2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     40417 | PA      | $40310.31     | 0.01%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QF8398                                                                                      | CUSIP: 3133BWKK8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    144041 | PA      | $143423.06    | 0.02%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QF9871                                                                                      | CUSIP: 3133BX6G1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    147083 | PA      | $146451.17    | 0.02%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QG1442                                                                                      | CUSIP: 3133C1S76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    158657 | PA      | $157513.34    | 0.03%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QG2380                                                                                      | CUSIP: 3133C2UD8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    328048 | PA      | $325683.78    | 0.05%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QG2543                                                                                      | CUSIP: 3133C2ZG6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    143376 | PA      | $145672.81    | 0.02%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QG3598                                                                                      | CUSIP: 3133C37K6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    201546 | PA      | $200093.92    | 0.03%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QG3742                                                                                      | CUSIP: 3133C4EP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     28283 | PA      | $28161.22     | 0.00%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                 | FR QG3917                                                                                      | CUSIP: 3133C4K60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    740037 | PA      | $734704.45    | 0.12%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BO3223                                                                                      | CUSIP: 3140JXSM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     40852 | PA      | $39357.09     | 0.01%             | 2034-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BO4725                                                                                      | CUSIP: 3140K0HB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     86038 | PA      | $81724.31     | 0.01%             | 2034-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BO5957                                                                                      | CUSIP: 3140K1TP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14165 | PA      | $13634.92     | 0.00%             | 2034-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BO7717                                                                                      | CUSIP: 3140K3SF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10957 | PA      | $10568.46     | 0.00%             | 2034-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BT2256                                                                                      | CUSIP: 3140LQQJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    131587 | PA      | $112520.06    | 0.02%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BT8021                                                                                      | CUSIP: 3140LW4F1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    198442 | PA      | $197920.07    | 0.03%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BV2962                                                                                      | CUSIP: 3140MGJG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     46168 | PA      | $39518.72     | 0.01%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BV2965                                                                                      | CUSIP: 3140MGJK8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    107508 | PA      | $91963.70     | 0.01%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BV4144                                                                                      | CUSIP: 3140MHTA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    552413 | PA      | $491557.41    | 0.08%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BV4203                                                                                      | CUSIP: 3140MHU56<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     75090 | PA      | $69700.85     | 0.01%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BV5379                                                                                      | CUSIP: 3140MJ6R1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    482714 | PA      | $430813.53    | 0.07%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BV5380                                                                                      | CUSIP: 3140MJ6S9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    416012 | PA      | $370134.54    | 0.06%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BV5393                                                                                      | CUSIP: 3140MJ7F6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    212592 | PA      | $197333.57    | 0.03%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BV5152                                                                                      | CUSIP: 3140MJWN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    107296 | PA      | $91894.45     | 0.01%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BV7131                                                                                      | CUSIP: 3140ML4R8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     17691 | PA      | $17150.73     | 0.00%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BV7132                                                                                      | CUSIP: 3140ML4S6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     22161 | PA      | $21484.07     | 0.00%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BV6879                                                                                      | CUSIP: 3140MLUD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     55670 | PA      | $53975.44     | 0.01%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BV7632                                                                                      | CUSIP: 3140MMPS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     42772 | PA      | $41470.18     | 0.01%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FN BV8484                                                                                      | CUSIP: 3140MNNA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     74232 | PA      | $68903.94     | 0.01%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                             | FIGRE 2025-HE2 A                                                                               | CUSIP: 31684KAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    628587 | PA      | $632965.07    | 0.10%             | 2055-03-25      | Variable      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                             | FIGRE 2025-HE3 A                                                                               | CUSIP: 31684LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    668725 | PA      | $670968.65    | 0.11%             | 2055-05-25      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                             | FIGRE 2025-HE5 A                                                                               | CUSIP: 31684MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    479619 | PA      | $478229.32    | 0.08%             | 2055-08-25      | Variable      | 5.29%                 | Yes           |                  2 | On Loan: No      |
| FIGRE TRUST 2025-HE6                                             | FIGRE 2025-HE6 A                                                                               | CUSIP: 31684NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    346161 | PA      | $343182.84    | 0.06%             | 2055-09-25      | Variable      | 5.04%                 | Yes           |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                             | FIGRE 2025-HE4 A                                                                               | CUSIP: 31684PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    301652 | PA      | $301791.95    | 0.05%             | 2055-07-25      | Variable      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| FIGRE TR 2025-HE1                                                | FIGRE 2025-FL1 A1                                                                              | CUSIP: 31684QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    734306 | PA      | $732972.14    | 0.12%             | 2055-07-25      | Variable      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| FIGRE TRUST 2025-PF2                                             | FIGRE 2025-PF2 A                                                                               | CUSIP: 316918AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1314218 | PA      | $1302627.25   | 0.21%             | 2055-10-25      | Variable      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| SMRT MINI                                                        | SMRT 2022-MINI A                                                                               | CUSIP: 78457JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    696000 | PA      | $695132.50    | 0.11%             | 2039-01-15      | Variable      | 4.67%                 | Yes           |                  2 | On Loan: No      |
| Solventum Corp.                                                  | SOLV 5.45 03/13/31                                                                             | CUSIP: 83444MAQ4<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |   1571000 | PA      | $1611798.41   | 0.26%             | 2031-03-13      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Standard Building Solutions Inc.                                 | BMCAUS 6.5 08/15/32 144A                                                                       | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    948000 | PA      | $948490.12    | 0.15%             | 2032-08-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Air Transport                                                    | Air Transport Term Loan B 225 2032-04-01                                                       | CUSIP: 86184XAD6<br>LEI: 254900TJV3VAFZD0GU41 | Long             | LON              | CORP              | US        |   1261000 | PA      | $1257620.52   | 0.20%             | 2032-04-09      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                    | USB V5.046 02/12/31                                                                            | CUSIP: 91159HJT8<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    822000 | PA      | $833974.70    | 0.14%             | 2031-02-12      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                    | USB V5.424 02/12/36                                                                            | CUSIP: 91159HJU5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    826000 | PA      | $844047.87    | 0.14%             | 2036-02-12      | Variable      | 5.42%                 | No            |                  2 | On Loan: —       |
| United States Treasury Bonds                                     | T 4.625 11/15/55                                                                               | CUSIP: 912810UP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9743700 | PA      | $9309800.86   | 1.51%             | 2055-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                     | T 4.625 02/15/46                                                                               | CUSIP: 912810UT3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8949200 | PA      | $8627588.13   | 1.40%             | 2046-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Essential Home                                                   | Essential Home Term Loan B 325 2032-09-15                                                      | CUSIP: 51944RAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1350643 | PA      | $1328695.43   | 0.22%             | 2032-12-30      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | Royal Bank of Canada                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |    399910 | PA      | $399910.00    | 0.06%             | 2026-04-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Janus Henderson Cash Collateral Fund LLC                         | Janus Henderson Cash Collateral Fund LLC                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   1599639 | NS      | $1599639.00   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| United Kingdom Pound Cash Balance                                | United Kingdom Pound Cash Balance                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | GB        |        85 | OU      | $85.43        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-15

**Name of Applicant:** JANUS ASPEN SERIES

**Signature:** JESPER NERGAARD

**Name of Signer:** JESPER NERGAARD

**Title:** VP, CFO, TREASURER, AND PRINCIPAL ACCOUNTING OFFICER