# EDGAR Filing Document

**Accession Number:** 0001699360
**File Stem:** 0002066578-25-001985
**Filing Date:** 2025-12
**Character Count:** 249289
**Document Hash:** c76a3e57e27cd0203c6ae00073aa22b7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-25-001985.hdr.sgml**: 20251216

**ACCESSION NUMBER**: 0002066578-25-001985

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251216

**DATE AS OF CHANGE**: 20251216

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morningstar Funds Trust
- **CENTRAL INDEX KEY:** 0001699360

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23235
- **FILM NUMBER:** 251574347

**BUSINESS ADDRESS:**
- **STREET 1:** 22 W. WASHINGTON STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60602
- **BUSINESS PHONE:** 312-696-6000

**MAIL ADDRESS:**
- **STREET 1:** 22 W. WASHINGTON STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60602

## Series and Classes Contracts Data

### Morningstar Global Income Fund (Series ID: S000057729)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000186140 | Institutional | MSTGX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Morningstar Funds Trust

- **b. Investment Company Act file number:** 811-23235

- **c. CIK number of Registrant:** 0001699360

- **d. LEI of Registrant:** 254900AE65UZA65M0T82

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

  - **Street Address 1:** 22 W. WASHINGTON STREET

  - **City:** CHICAGO

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60602

  - **Telephone number:** 312-696-6000

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

- **a. Name of Series:** Morningstar Global Income Fund

- **b. EDGAR series identifier (if any):** S000057729

- **c. LEI of Series:** 254900KWJANYEXMVH449

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

- **a. Date of fiscal year-end:** 2026-04-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $142361085.43

**Total Liabilities:** $2133659.66

**Net Assets:** $140227425.77

**Delayed Delivery Securities:** $419907.35

**Cash Not Reported:** $189004.22

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 10.927084272984 | **1-Year:** 395.801259092223 | **5-Year:** 1310.489472811369 | **10-Year:** 2466.267483650315 | **30-Year:** 1129.325092605044

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

- **3-Month:** 99.896204786327 | **1-Year:** 1295.980447885630 | **5-Year:** 4898.298912515711 | **10-Year:** 1927.173112702620 | **30-Year:** 258.896968135501

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000186140 | 1.95%                | 0.58%                | -0.38%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $937576.79               | $1045668.67                                |
| Month 2  | $641683.99               | $-310422.03                                |
| Month 3  | $330956.18               | $-1255142.89                               |

**Designated Index Information**

- **Index Name:** 50% Morningstar Global Markets NR Index, 50% Bloomberg Multiverse TR Index

- **Index Identifier:** 50% F00000VN9R, 50% XIUSA04GRK

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Plains All American Pipeline L.P.                                                   | PAA V0 PERP B                                                                                    | CUSIP: 726503AE5<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |    130000 | PA      | $130148.33    | 0.09%             | 2049-12-31      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| Bausch Health Companies Inc.                                                        | BHCCN 6.25 02/15/29 144A                                                                         | CUSIP: 071734AK3<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $8200.00      | 0.01%             | 2029-02-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Citrix Systems Inc.                                                                 | CTXS 4.5 12/01/27                                                                                | CUSIP: 177376AE0<br>LEI: HCTKJGUQOPZ5NBK7NP58 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48500.84     | 0.03%             | 2027-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Buenos Aires (Province Of)                                                          | BUENOS 6.625 09/01/37 144A                                                                       | CUSIP: 11943IAA5<br>LEI: 549300L6AYROPOTQ4L07 | Long             | DBT              | NUSS              | AR        |    183680 | PA      | $134545.60    | 0.10%             | 2037-09-01      | Variable      | 6.62%                 | Yes           |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust 2022-NQM3                                           | BRAVO 2024-NQM2 A3                                                                               | CUSIP: 10569KAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    119254 | PA      | $120240.95    | 0.09%             | 2064-02-25      | Variable      | 6.59%                 | Yes           |                  2 | On Loan: No      |
| OBX 2024-NQM3 TRUST                                                                 | OBX 2024-NQM3 M1                                                                                 | CUSIP: 67118KAD5<br>LEI: 2549001QDCO9VU0HH514 | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $202076.38    | 0.14%             | 2063-12-25      | Variable      | 6.84%                 | Yes           |                  2 | On Loan: No      |
| Kenya (Republic of)                                                                 | KENINT 9.75 02/16/31 144A                                                                        | CUSIP: 491798AM6<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    280000 | PA      | $300505.41    | 0.21%             | 2031-02-16      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: —       |
| Corecivic Inc                                                                       | CXW 4.75 10/15/27                                                                                | CUSIP: 21871NAA9<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |    170000 | PA      | $168561.04    | 0.12%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BXHPP LTD                                                                           | BXHPP 2021-FILM C                                                                                | CUSIP: 05609JAL6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    270000 | PA      | $248748.79    | 0.18%             | 2036-08-15      | Floating      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                  | BX 2021-VOLT D                                                                                   | CUSIP: 05609VAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    261584 | PA      | $261338.36    | 0.19%             | 2036-09-15      | Floating      | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Gnma Pass-Thru M Single Family                                                      | G2 786690                                                                                        | CUSIP: 3622ACKB5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     79041 | PA      | $80314.49     | 0.06%             | 2053-05-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ivory Coast (Republic Of)                                                           | IVYCST 7.625 01/30/33 144A                                                                       | CUSIP: 221625AT3<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    300000 | PA      | $316457.17    | 0.23%             | 2033-01-30      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | CAS 2024-R01 1B1                                                                                 | CUSIP: 20753UAF7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    200000 | PA      | $205589.70    | 0.15%             | 2044-01-25      | Floating      | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Cotiviti Inc                                                                        | Cotiviti Inc Term Loan B 325 2031-02-12                                                          | CUSIP: 22164MAB3<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |    148181 | PA      | $142500.90    | 0.10%             | 2031-02-24      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| Banco Mercantil Del Norte SA Cayman Islands Branch                                  | BANORT V7.5 PERP 144A                                                                            | CUSIP: 05971PAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    250000 | PA      | $255832.50    | 0.18%             | 2049-12-31      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Secretaria Do Tesouro Nacional                                                      | BNTNF 10 01/01/31 NTNF                                                                           | CUSIP: P8T60NEH0<br>LEI: N/A                  | Long             | DBT              | NUSS              | BR        |   1998000 | PA      | $326654.23    | 0.23%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                       | CHTR 4.25 02/01/31 144A                                                                          | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $126716.59    | 0.09%             | 2031-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Allen Media                                                                         | Allen Media Term Loan B (Add-on) 550 2027-02-01                                                  | CUSIP: 01771JAH6<br>LEI: 549300ERNJNM4RN5JP79 | Long             | LON              | CORP              | US        |     76243 | PA      | $53433.49     | 0.04%             | 2027-02-10      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust 2022-3                                                     | AOMT 2022-3 A3                                                                                   | CUSIP: 03464TAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    126206 | PA      | $118332.96    | 0.08%             | 2067-01-25      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Akumin Inc.                                                                         | AKUCN 9 08/01/27 144A                                                                            | CUSIP: 01021XAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $232233.51    | 0.17%             | 2027-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: —       |
| AAR Corp.                                                                           | AIR 6.75 03/15/29 144A                                                                           | CUSIP: 00253PAA6<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30975.15     | 0.02%             | 2029-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Meglobal Canada Ulc                                                                 | EQPTRC 5.875 05/18/30 144A                                                                       | CUSIP: 58518N2A9<br>LEI: 635400MHHHT7LMKMQL03 | Long             | DBT              | CORP              | CA        |    210000 | PA      | $221130.00    | 0.16%             | 2030-05-18      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Cushman & Wakefield U S Borrower LLC                                                | CWK 6.75 05/15/28 144A                                                                           | CUSIP: 23166MAA1<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50397.65     | 0.04%             | 2028-05-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| JB Poindexter & Co Inc                                                              | JBPOIN 8.75 12/15/31 144A                                                                        | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73252.34     | 0.05%             | 2031-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| MPT Operating Partnership LP / MPT Finance Corporation                              | MPW 5 10/15/27                                                                                   | CUSIP: 55342UAH7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |    160000 | PA      | $153939.94    | 0.11%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| ViaSat, Inc.                                                                        | VSAT 5.625 04/15/27 144A                                                                         | CUSIP: 92552VAL4<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49959.97     | 0.04%             | 2027-04-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Advanced Drainage System Inc                                                        | WMS 5 09/30/27 144A                                                                              | CUSIP: 00790RAA2<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59852.75     | 0.04%             | 2027-09-30      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| TK Elevator Us Newco Inc.                                                           | THYELE 5.25 07/15/27 144A                                                                        | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199769.46    | 0.14%             | 2027-07-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: —       |
| SALUDA GRADE ALTERNATIVE MTG TR 202                                                 | GRADE 2024-RTL4 A1                                                                               | CUSIP: 79584CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160000 | PA      | $160795.36    | 0.11%             | 2030-02-25      | Variable      | 7.50%                 | Yes           |                  2 | On Loan: No      |
| CSC Holdings, LLC                                                                   | CSCHLD 6.5 02/01/29 144A                                                                         | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    400000 | PA      | $275112.56    | 0.20%             | 2029-02-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| TRINITAS CLO XXVIII LTD / LLC                                                       | TRNTS 2024-27A D1                                                                                | CUSIP: 89642VAJ7<br>LEI: 254900JOSDBR04E6JB79 | Long             | ABS-CBDO         | CORP              | KY        |    160000 | PA      | $161334.50    | 0.12%             | 2037-04-18      | Floating      | 8.18%                 | Yes           |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                          | OXY 4.4 08/15/49                                                                                 | CUSIP: 674599CY9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     60000 | PA      | $45829.14     | 0.03%             | 2049-08-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| MSWF COMMERCIAL MORTGAGE TRUST 2023                                                 | MSWF 2023-2 C                                                                                    | CUSIP: 55361AAZ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     90000 | PA      | $95331.81     | 0.07%             | 2056-12-15      | Variable      | 7.02%                 | No            |                  2 | On Loan: No      |
| Colt 2024-INV1 Mortgage Loan Trust                                                  | COLT 2024-1 M1                                                                                   | CUSIP: 19688TAD7<br>LEI: 213800D3JCL6LSBI3544 | Long             | ABS-O            | CORP              | US        |    160000 | PA      | $161595.65    | 0.12%             | 2069-02-25      | Variable      | 6.59%                 | Yes           |                  2 | On Loan: No      |
| LHOME MTG TR 2024-RTL1                                                              | LHOME 2024-RTL1 A1                                                                               | CUSIP: 50205DAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160000 | PA      | $160788.83    | 0.11%             | 2029-01-25      | Fixed         | 7.02%                 | Yes           |                  2 | On Loan: No      |
| Truist Financial Corp.                                                              | Truist Financial Corp. COM                                                                       | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |      4831 | NS      | $215607.53    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc.                                                                      | Blackrock Inc. COM                                                                               | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |       306 | NS      | $331339.86    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                                                        | Northern Institutional Funds TREAS PRT PRMR                                                      | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |         7 | NS      | $6.72         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L.P.                                                   | Enterprise Products Partners L.P. COM UNITS REP LIM PART INT                                     | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |     12078 | NS      | $371881.62    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc.                                                                   | Crown Castle Inc. COM USD0.01                                                                    | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |      5293 | NS      | $477534.46    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                                                       | Medtronic PLC USD0.0001                                                                          | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      5831 | NS      | $528871.70    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                                                                      | Blackstone Inc COM USD0.00001 CLASS A                                                            | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |      1056 | NS      | $154851.84    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                                                                   | Exxon Mobil Corp. COM NPV                                                                        | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      5335 | NS      | $610110.60    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc.                                                                      | CME Group Inc. COM USD0.01                                                                       | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      2569 | NS      | $682043.81    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor PLC                                                                           | Amcor PLC COM USD0.01                                                                            | CUSIP: G0250X107<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | JE        |     61734 | NS      | $487698.60    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc. COM NPV                                                         | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      3646 | NS      | $526227.18    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc.                                                                         | NetApp Inc. COM USD0.001                                                                         | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |       949 | NS      | $111773.22    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.                                                        | Mondelez International, Inc. COM NPV                                                             | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      7145 | NS      | $410551.70    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Solstice Advanced Materials Inc.                                                    | Solstice Advanced Materials Inc. COM SHS                                                         | CUSIP: 83443Q103<br>LEI: 2138004GZ4H9TW6HK435 | Long             | EC               | CORP              | US        |       337 | NS      | $15188.59     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                                                                         | AbbVie Inc. COM USD0.01                                                                          | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      2287 | NS      | $498657.48    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trust                                                     | Federal Realty Investment Trust SH BEN INT NEW                                                   | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |      4557 | NS      | $438337.83    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc.                                                                         | Kenvue Inc. COM                                                                                  | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |     18893 | NS      | $271492.41    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Opella (Sanofi consumer healthcare)                                                 | Opella (Sanofi consumer healthcare) Term Loan B 325 2032-03-19                                   | CUSIP: F7000QAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    170000 | PA      | $170664.70    | 0.12%             | 2032-03-01      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc.                                                | NOVHOL L 03/29/32 6                                                                              | CUSIP: 18972FAF9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |      1663 | PA      | $1658.85      | 0.00%             | 2032-03-26      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| Getty Images Inc.                                                                   | ABEGET 11.25 02/21/30 144A                                                                       | CUSIP: 374276AM5<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29777.62     | 0.02%             | 2030-02-21      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: —       |
| Dayforce (Ceridian HCM)                                                             | Dayforce (Ceridian HCM) Term Loan B 200 2031-03-01                                               | CUSIP: 23958CAD9<br>LEI: 549300T64GVCHFJ8L449 | Long             | LON              | CORP              | US        |     28351 | PA      | $28351.46     | 0.02%             | 2031-03-01      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| Natgasoline                                                                         | Natgasoline Term Loan B 550 2030-03-09                                                           | CUSIP: 63232EAD9<br>LEI: 549300OHXDYMQYZOWC24 | Long             | LON              | CORP              | US        |     39500 | PA      | $39631.54     | 0.03%             | 2030-03-24      | Floating      | 9.80%                 | No            |                  2 | On Loan: No      |
| Bausch Health (fka Valeant)                                                         | Bausch Health (fka Valeant) Term Loan B 625 2030-09-17                                           | CUSIP: C6903HAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     39900 | PA      | $39585.99     | 0.03%             | 2030-09-25      | Floating      | 10.56%                | No            |                  2 | On Loan: No      |
| Bombardier Inc.                                                                     | BBDBCN 6.75 06/15/33 144A                                                                        | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $10497.48     | 0.01%             | 2033-06-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| First Brands (Trico Group)                                                          | First Brands (Trico Group) Term Loan B (add-on) 500 2027-03-01                                   | CUSIP: 31935HAH0<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |      9871 | PA      | $3148.90      | 0.00%             | 2027-03-30      | Floating      | 9.93%                 | No            |                  2 | On Loan: No      |
| Uruguay (Republic Of)                                                               | URUGUA 3.4 05/16/45                                                                              | CUSIP: 917288BP6<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     60000 | PA      | $1637.90      | 0.00%             | 2045-05-16      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust 2015-Gs1                                               | GSMS 2015-GC32 D                                                                                 | CUSIP: 36250PAM7<br>LEI: 549300WZ62L3Y22NOZ64 | Long             | ABS-O            | CORP              | US        |     15509 | PA      | $15125.86     | 0.01%             | 2048-07-10      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Madison Air                                                                         | Madison Air Term Loan B (Incremental) 325 2032-03-22                                             | CUSIP: 55759VAE8<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |     59850 | PA      | $60029.55     | 0.04%             | 2032-03-26      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP 2021-230P                                                        | MSC 2021-230P B                                                                                  | CUSIP: 61772WAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    110000 | PA      | $102300.00    | 0.07%             | 2038-12-15      | Floating      | 5.60%                 | Yes           |                  2 | On Loan: No      |
| LATAM Airlines Group SA                                                             | LTMCI 7.875 04/15/30 144A                                                                        | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |    100000 | PA      | $103415.00    | 0.07%             | 2030-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: —       |
| CHS/Community Health Systems Inc                                                    | CYH 9.75 01/15/34 144A                                                                           | CUSIP: 12543DBQ2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    120000 | PA      | $127054.44    | 0.09%             | 2034-01-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| GREYWOLF CLO IVR-R LTD                                                              | GWOLF 2019-1A CR2                                                                                | CUSIP: 39809TBC0<br>LEI: 549300DX0ZYWEZ6TY764 | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $97801.28     | 0.07%             | 2034-04-17      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| CoreWeave Inc.                                                                      | CRWV 9.25 06/01/30 144A                                                                          | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40389.04     | 0.03%             | 2030-06-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| CFC BIDCO 2022 LTD TL                                                               | CFC BIDCO 2022 LTD TL                                                                            | CUSIP: LX2636343<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    110000 | PA      | $107387.50    | 0.08%             | 2032-05-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MPT Operating Partnership LP / MPT Finance Corporation                              | MPW 8.5 02/15/32 144a                                                                            | CUSIP: 55342UAQ7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62860.98     | 0.04%             | 2032-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| WW International Inc                                                                | WW International Inc COM NEW                                                                     | CUSIP: 98262P200<br>LEI: SGT8R1MU6ESIC7UJC518 | Long             | EC               | CORP              | US        |       787 | NS      | $27403.34     | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Northern Institutional Funds                                                        | Northern Institutional Funds TREAS PRT PRMR                                                      | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |       500 | NS      | $500.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Focus Financial                                                                     | Focus Financial Term Loan B-8 (add-on) 275 2031-09-01                                            | CUSIP: 34416DBD9<br>LEI: 5493007L0E0VKRC2CP39 | Long             | LON              | CORP              | US        |      9925 | PA      | $9946.74      | 0.01%             | 2031-09-15      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Axon Enterprise Inc                                                                 | AXON 6.125 03/15/30 144A                                                                         | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51351.90     | 0.04%             | 2030-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Starwood Property Mortgage                                                          | Starwood Property Mortgage Term Loan B 175 2027-11-01                                            | CUSIP: 85570DAN2<br>LEI: 5493008SB15CNJRIOK13 | Long             | LON              | CORP              | US        |     46870 | PA      | $46870.01     | 0.03%             | 2027-11-18      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Block Inc                                                                           | XYZ 6 08/15/33 144A                                                                              | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102249.60    | 0.07%             | 2033-08-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | FN CB0414                                                                                        | CUSIP: 3140QKN87<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    139017 | PA      | $119203.96    | 0.09%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                           | TPMT 2015-5 B3                                                                                   | CUSIP: 89171VAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    220000 | PA      | $210869.71    | 0.15%             | 2055-05-25      | Variable      | 3.98%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                                                           | SUN 5.625 03/15/31 144A                                                                          | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80051.60     | 0.06%             | 2031-03-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Dream Finders Homes Inc                                                             | DFH 6.875 09/15/30 144A                                                                          | CUSIP: 26154DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $69673.10     | 0.05%             | 2030-09-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Commscope LLC                                                                       | COMM 9.5 12/15/31 144A                                                                           | CUSIP: 20338MAA0<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    130000 | PA      | $132419.46    | 0.09%             | 2031-12-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Crescent Energy Finance LLC                                                         | CRGYFN 8.375 01/15/34 144A                                                                       | CUSIP: 45344LAG8<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    110000 | PA      | $107587.70    | 0.08%             | 2034-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                                                | CCL 5.125 05/01/29 144A                                                                          | CUSIP: 143658CB6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     40000 | PA      | $40494.51     | 0.03%             | 2029-05-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: —       |
| EXTENDED STAY AMERICA TRUST 2025-ESH                                                | ESA 2025-ESH D                                                                                   | CUSIP: 30227TAG5<br>LEI: 549300IESZBC3BJUJW64 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100687.50    | 0.07%             | 2042-10-15      | Floating      | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Rockies Express Pipeline LLC                                                        | ROCKIE 6.875 04/15/40 144A                                                                       | CUSIP: 77340RAM9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82483.84     | 0.06%             | 2040-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| BOCA COMMERCIAL MORTGAGE TRUST 2024                                                 | BOCA 2024-BOCA E                                                                                 | CUSIP: 096817AJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    130000 | PA      | $131462.50    | 0.09%             | 2041-08-15      | Floating      | 8.47%                 | Yes           |                  2 | On Loan: No      |
| Lightning Power LLC                                                                 | LIGPLL 7.25 08/15/32 144A                                                                        | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |    200000 | PA      | $211851.60    | 0.15%             | 2032-08-15      | Fixed         | 7.25%                 | 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        |     79200 | PA      | $79245.14     | 0.06%             | 2031-09-19      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| APH Somerset Inv 2 LLC / APH2 Somerset Inv 2 LLC / APH3 Somerset Inv 2              | AQUARI 7.875 11/01/29 144A                                                                       | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $20600.00     | 0.01%             | 2029-11-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| AMMC CLO 24 LTD                                                                     | AMMC 2021-24A DR                                                                                 | CUSIP: 00177LAQ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    150000 | PA      | $149999.63    | 0.11%             | 2035-01-20      | Variable      |  | No            |                  2 | On Loan: No      |
| International Business Machines Corp.                                               | International Business Machines Corp. COM USD0.20                                                | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      1196 | NS      | $367662.36    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products & Chemicals, Inc.                                                      | Air Products & Chemicals, Inc. COM USD1                                                          | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      2041 | NS      | $495126.19    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.                                                        | Honeywell International Inc. COM USD1                                                            | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      1348 | NS      | $271392.84    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                                                                          | Amgen Inc. COM USD0.0001                                                                         | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      1552 | NS      | $463163.36    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co, Inc.                                                    | American Electric Power Co, Inc. COM USD6.50                                                     | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      3614 | NS      | $434619.64    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International, Inc.                                                          | Baxter International, Inc. COM USD1.00                                                           | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |     15198 | NS      | $280707.06    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                                                         | Verizon Communications Inc. COM USD0.10                                                          | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     15277 | NS      | $607107.98    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Company                                                        | Bristol-Myers Squibb Company COM USD0.10                                                         | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      7252 | NS      | $334099.64    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Oneok Inc.                                                                          | Oneok Inc. COM USD0.01                                                                           | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |      5234 | NS      | $350678.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.                                                         | United Parcel Service, Inc. CLASS'B'COM USD0.01                                                  | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      2109 | NS      | $203349.78    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                                                                 | Cisco Systems, Inc. COM USD0.001                                                                 | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      3729 | NS      | $272627.19    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co (The)                                                                  | Coca-Cola Co (The) COM USD0.25                                                                   | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     11392 | NS      | $784908.80    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co.                                                                | Emerson Electric Co. COM USD0.50                                                                 | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |      2477 | NS      | $345714.89    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                                                                | Gilead Sciences Inc. COM USD0.001                                                                | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      3891 | NS      | $466102.89    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                                                                          | Hasbro Inc COM USD0.50                                                                           | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |      3918 | NS      | $298982.58    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp.                                                                       | U.S. Bancorp. COM USD0.01                                                                        | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |      7571 | NS      | $353414.28    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                                                       | Chevron Corp. COM USD0.75                                                                        | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3172 | NS      | $500287.84    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| NCL Corporation Ltd.                                                                | NCLH 6.75 02/01/32 144A                                                                          | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    120000 | PA      | $123307.32    | 0.09%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp.                       | RIVLEN 6.25 10/15/30 144A                                                                        | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $90733.55     | 0.06%             | 2030-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Signature Aviation                                                                  | Signature Aviation Term Loan B (Add-on) 275 2028-06-01                                           | CUSIP: 11565HAD8<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |     29402 | PA      | $29512.70     | 0.02%             | 2029-07-08      | Floating      | 2.88%                 | No            |                  2 | On Loan: No      |
| Jordan (Kingdom Of)                                                                 | JORDAN 7.75 01/15/28 144A                                                                        | CUSIP: 41809JAA3<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |    230000 | PA      | $241221.58    | 0.17%             | 2028-01-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: —       |
| BX Trust 2018-Bilt                                                                  | BX 2021-SDMF F                                                                                   | CUSIP: 12434CAQ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    194875 | PA      | $193522.44    | 0.14%             | 2034-09-15      | Floating      | 6.20%                 | Yes           |                  2 | On Loan: No      |
| NEW RSDNTL MTG LN TR 2022-NQM2                                                      | NRZT 2022-NQM2 A1                                                                                | CUSIP: 64831MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    185135 | PA      | $176135.76    | 0.13%             | 2062-03-27      | Variable      | 3.08%                 | Yes           |                  2 | On Loan: No      |
| MF1 2025-FL17 LLC                                                                   | MF1 2025-FL17 D                                                                                  | CUSIP: 55287HAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $98995.74     | 0.07%             | 2040-02-18      | Floating      | 6.77%                 | Yes           |                  2 | On Loan: No      |
| SMB Private Education Loan Trust 2021-A                                             | SMB 2021-A D1                                                                                    | CUSIP: 78448YAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    135505 | PA      | $123504.60    | 0.09%             | 2053-01-15      | Fixed         | 3.86%                 | Yes           |                  2 | On Loan: No      |
| SALT 2021-1 TRUST                                                                   | SALTT 2021-1A A                                                                                  | CUSIP: 78433XAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    146339 | PA      | $141664.12    | 0.10%             | 2033-02-28      | Fixed         | 2.67%                 | Yes           |                  2 | On Loan: No      |
| LifePoint Health                                                                    | LifePoint Health Term Loan B 375 2031-05-01                                                      | CUSIP: 75915TAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     93739 | PA      | $93712.26     | 0.07%             | 2031-05-16      | Floating      | 8.69%                 | No            |                  2 | On Loan: No      |
| BANK 2024-BNK48                                                                     | BANK 2024-BNK48 A5                                                                               | CUSIP: 06541GAH0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $193800.95    | 0.14%             | 2057-10-15      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                    | NRG 6.25 11/01/34 144A                                                                           | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61776.36     | 0.04%             | 2034-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Two Kings Casino                                                                    | Two Kings Casino Term Loan B 475 2031-12-01                                                      | CUSIP: 14907EAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     70000 | PA      | $71444.10     | 0.05%             | 2031-12-16      | Floating      | 9.10%                 | No            |                  2 | On Loan: No      |
| Equipmentshare Com Inc.                                                             | EQMSRM 9 05/15/28 144A                                                                           | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70527.80     | 0.05%             | 2028-05-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| 1261229 Bc Ltd.                                                                     | BHCCN 10 04/15/32 144A                                                                           | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    200000 | PA      | $209061.91    | 0.15%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Action Nederland B.V.                                                               | Action Nederland B.V. Term Loan B-4B 250 2030-10-01                                              | CUSIP: N6872NAM8<br>LEI: 7245002S0K5Q59JCVQ03 | Long             | LON              | CORP              | US        |     93736 | PA      | $94058.31     | 0.07%             | 2030-10-28      | Floating      | 6.81%                 | No            |                  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        |    200000 | PA      | $202500.00    | 0.14%             | 2031-06-04      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| NYMT LOAN TRUST SERIES 2024-BPL1                                                    | NYMT 2024-BPL1 A1                                                                                | CUSIP: 62956MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160000 | PA      | $160980.21    | 0.11%             | 2029-02-25      | Fixed         | 7.15%                 | Yes           |                  2 | On Loan: No      |
| AGL CLO I Ltd.                                                                      | AGL 2025-44A E                                                                                   | CUSIP: 00122AAA8<br>LEI: 5493005XHETQNZF9TM25 | Long             | ABS-CBDO         | CORP              | KY        |    125000 | PA      | $124069.43    | 0.09%             | 2037-10-22      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Ecopetrol S.A.                                                                      | ECOPET 8.375 01/19/36                                                                            | CUSIP: 279158AV1<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    150000 | PA      | $155445.90    | 0.11%             | 2036-01-19      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Antero Midstream Partners LP / Antero Midstream Finance Corp                        | AM 5.75 10/15/33 144A                                                                            | CUSIP: 03690AAM8<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49928.23     | 0.04%             | 2033-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Aveanna/Epic Health                                                                 | Aveanna/Epic Health Term Loan B 375 2032-08-31                                                   | CUSIP: 05549DAN8<br>LEI: 5493006D6JRLPIY8YV18 | Long             | LON              | CORP              | US        |     90000 | PA      | $90173.70     | 0.06%             | 2032-09-10      | Floating      | 7.81%                 | No            |                  2 | On Loan: No      |
| TKO Group Holdings (UFC)                                                            | TKO Group Holdings (UFC) Term Loan B 200 2031-11-01                                              | CUSIP: 90266UAL7<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | US        |     63816 | PA      | $63944.53     | 0.05%             | 2031-11-21      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| DWIGHT 2025-FL1                                                                     | DWIGHT 2025-FL1 A                                                                                | CUSIP: 233636AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99833.89     | 0.07%             | 2042-09-18      | Floating      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| Action Nederland B.V.                                                               | Action Nederland B.V. Term Loan B-5B 250 2031-07-01                                              | CUSIP: N6872NAN6<br>LEI: 7245002S0K5Q59JCVQ03 | Long             | LON              | CORP              | US        |     89325 | PA      | $89637.64     | 0.06%             | 2031-07-01      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                                                  | VEGLPL 7.75 05/01/35 144A                                                                        | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     20000 | PA      | $22568.26     | 0.02%             | 2035-05-01      | Fixed         | 7.75%                 | 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        |     50000 | PA      | $52158.49     | 0.04%             | 2033-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Flutter Entertainment                                                               | Flutter Entertainment Term Loan B (Incremental) 200 2032-05-17                                   | CUSIP: N3313EAJ9<br>LEI: 635400EG4YIJLJMZJ782 | Long             | LON              | CORP              | US        |    109725 | PA      | $109039.22    | 0.08%             | 2032-05-24      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| PIONEER AIRCRAFT FINANCE LIMITED                                                    | PION 2019-1 A                                                                                    | CUSIP: 72353PAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    123629 | PA      | $121937.54    | 0.09%             | 2044-06-15      | Fixed         | 3.97%                 | Yes           |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                         | FMCN 8.625 06/01/31 144A                                                                         | CUSIP: 335934AU9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    260000 | PA      | $272296.96    | 0.19%             | 2031-06-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Novolex                                                                             | Novolex Term Loan B (Incremental) 325 2032-03-15                                                 | CUSIP: 18972FAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     94888 | PA      | $94632.62     | 0.07%             | 2032-03-27      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| Light & Wonder International Inc.                                                   | LNW 6.25 10/01/33 144A                                                                           | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59734.80     | 0.04%             | 2033-10-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ZF North America Capital, Inc.                                                      | ZFFNGR 7.5 03/24/31 144A                                                                         | CUSIP: 98877DAH8<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    160000 | PA      | $153854.46    | 0.11%             | 2031-03-24      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: —       |
| Sotera Health (fka Sterigenics Nordin)                                              | Sotera Health (fka Sterigenics Nordin) Term Loan B 250 2031-05-01                                | CUSIP: 83600VAH4<br>LEI: 549300OVT7MBXFLOFU20 | Long             | LON              | CORP              | US        |    188562 | PA      | $189033.35    | 0.13%             | 2031-05-30      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| Innomotics                                                                          | Innomotics Term Loan B 325 2031-10-01                                                            | CUSIP: 26806DAC6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    138600 | PA      | $139119.75    | 0.10%             | 2031-09-30      | Floating      | 7.21%                 | No            |                  2 | On Loan: No      |
| Accelerate360 Holdings LLC                                                          | ACCTHR 11 12/01/31 144A                                                                          | CUSIP: 00456LAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    114283 | PA      | $128282.67    | 0.09%             | 2031-12-01      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| COLUMBIA CENT CLO 35 LTD                                                            | CECLO 2025-35A D1A                                                                               | CUSIP: 19739RAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $100642.26    | 0.07%             | 2036-07-25      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| NielsenIQ/Global Connect                                                            | NielsenIQ/Global Connect Term Loan B 250 2030-10-01                                              | CUSIP: 45674PAS3<br>LEI: 254900QPZS54FU2J9C09 | Long             | LON              | CORP              | US        |     89277 | PA      | $89053.75     | 0.06%             | 2030-10-31      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Northern Institutional Funds                                                        | Northern Institutional Funds TREAS PRT PRMR                                                      | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |    352562 | NS      | $352562.27    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Melco Resorts Finance Limited                                                       | MPEL 6.5 09/24/33 144A                                                                           | CUSIP: 58547DAJ8<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $200974.00    | 0.14%             | 2033-09-24      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MAD COMMERCIAL MORTGAGE TRUST 2025-11MD                                             | MAD 2025-11MD A                                                                                  | CUSIP: 55616AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99865.46     | 0.07%             | 2042-10-15      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Global Medical Response (fka Air Medical Group)                                     | Global Medical Response (fka Air Medical Group) Term Loan B 350 2032-08-31                       | CUSIP: 37956SAB0<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | LON              | CORP              | US        |    132370 | PA      | $132880.05    | 0.09%             | 2032-09-11      | Floating      | 7.56%                 | No            |                  2 | On Loan: No      |
| Diversified Healthcare Trust                                                        | DHC 7.25 10/15/30 144A                                                                           | CUSIP: 25525PAE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50501.70     | 0.04%             | 2030-10-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Northern Institutional Funds                                                        | Northern Institutional Funds TREAS PRT PRMR                                                      | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   2531514 | NS      | $2531514.42   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Schwab Strategic Trust                                                              | Schwab Strategic Trust US REIT ETF                                                               | CUSIP: 808524847<br>LEI: 549300NAZEQOIX80E226 | Long             | EC               | RF                | US        |    130569 | NS      | $2753700.21   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| WarnerMedia Holdings Inc.                                                           | WBD 4.279 03/15/32 *                                                                             | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     58000 | PA      | $53124.38     | 0.04%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: —       |
| StoneX Escrow Issuer LLC                                                            | SNEX 6.875 07/15/32 144A                                                                         | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $51730.20     | 0.04%             | 2032-07-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Vanguard Charlotte Funds                                                            | Vanguard Charlotte Funds TOTAL INTERNATIONAL BOND IN                                             | CUSIP: 92203J407<br>LEI: 549300Z9BHDBGHMJLU94 | Long             | EC               | RF                | US        |    196909 | NS      | $9815913.65   | 7.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Vanguard Scottsdale Funds                                                           | Vanguard Scottsdale Funds INTERMEDIATE-TERM TREASURY                                             | CUSIP: 92206C706<br>LEI: 549300Y88GQ3VLJIBX57 | Long             | EC               | RF                | US        |     68022 | NS      | $4093563.96   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| AMC Entertainment Holdings Inc                                                      | AMC 7.5 02/15/29 144A                                                                            | CUSIP: 00165CBA1<br>LEI: 549300ZO77UNR6NRBR11 | Long             | DBT              | CORP              | US        |    110000 | PA      | $93512.26     | 0.07%             | 2029-02-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: —       |
| Northern Institutional Funds                                                        | Northern Institutional Funds TREAS PRT PRMR                                                      | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |       871 | NS      | $870.60       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp.                                                                  | CHRD 6 10/01/30 144A                                                                             | CUSIP: 674215AQ1<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50118.99     | 0.04%             | 2030-10-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                                                           | SUN V7.875 PERP 144A                                                                             | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    127000 | PA      | $128968.50    | 0.09%             | 2049-12-31      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                                                  | VEGLPL 6.75 01/15/36 144A                                                                        | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    220000 | PA      | $233004.42    | 0.17%             | 2036-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CommScope Technologies LLC                                                          | COMM 5 03/15/27 144A                                                                             | CUSIP: 20338HAB9<br>LEI: M4TWC4QDOKW45N7T6Y12 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79695.73     | 0.06%             | 2027-03-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Univision Communications Inc.                                                       | UVN 9.375 08/01/32 144A                                                                          | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     40000 | PA      | $42222.91     | 0.03%             | 2032-08-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Peninsula Pacific Entertainment LLC                                                 | Peninsula Pacific Entertainment LLC                                                              | CUSIP: 70715SAD9<br>LEI: 549300LWV74H4IE3FG45 | Long             | LON              | CORP              | US        |     19062 | PA      | $19014.12     | 0.01%             | 2032-08-16      | Fixed         | 8.79%                 | No            |                  2 | On Loan: No      |
| MF1 2025-FL17 LLC                                                                   | MF1 2025-FL17 A                                                                                  | CUSIP: 55287HAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    120000 | PA      | $119868.89    | 0.09%             | 2040-02-18      | Floating      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| Goldentree Loan Management US CLO 1 Ltd.                                            | GLM 2017-1A ER3                                                                                  | CUSIP: 38136HAS8<br>LEI: 549300BE2068MP2P8N06 | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $147589.97    | 0.11%             | 2034-04-20      | Floating      | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Starwood Property Mortgage                                                          | Starwood Property Mortgage Term Loan B (Incremental) 225 2032-08-09                              | CUSIP: 85570DAP7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     50000 | PA      | $50125.00     | 0.04%             | 2032-08-13      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| Qnity Electronics Inc.                                                              | QNTELE 5.75 08/15/32 144A                                                                        | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61057.98     | 0.04%             | 2032-08-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Adtalem Global Education                                                            | Adtalem Global Education Term Loan B 275 2028-08-01                                              | CUSIP: 00737RAH3<br>LEI: 549300Z467EZLMODV621 | Long             | LON              | CORP              | US        |      9999 | PA      | $9996.14      | 0.01%             | 2028-08-12      | Floating      | 7.87%                 | No            |                  2 | On Loan: No      |
| Vortex Opco LLC                                                                     | UNSTSV 8 04/30/30 144A                                                                           | CUSIP: 92905YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    107217 | PA      | $10453.66     | 0.01%             | 2030-04-30      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Northern Institutional Funds                                                        | Northern Institutional Funds TREAS PRT PRMR                                                      | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |       107 | NS      | $107.28       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Medline Borrower LP                                                                 | MEDIND 5.25 10/01/29 144A                                                                        | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29885.84     | 0.02%             | 2029-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Liftoff Mobile                                                                      | Liftoff Mobile Term Loan B 400 2032-07-29                                                        | CUSIP: 57165KAE6<br>LEI: 549300TP5NEG85CHPU59 | Long             | LON              | CORP              | US        |    110000 | PA      | $108212.50    | 0.08%             | 2032-08-06      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| Medline Industries                                                                  | Medline Industries Term Loan B 200 2028-10-01                                                    | CUSIP: 58503UAH6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     91339 | PA      | $91414.17     | 0.07%             | 2028-10-23      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| Vanguard Scottsdale Funds                                                           | Vanguard Scottsdale Funds LONG-TERM TREASURY ETF                                                 | CUSIP: 92206C847<br>LEI: 549300Y88GQ3VLJIBX57 | Long             | EC               | RF                | US        |    181237 | NS      | $10401191.43  | 7.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes 2016-FL1 Ltd.                             | ARCREN 2025-FL1 A                                                                                | CUSIP: 03881KAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    150000 | PA      | $150019.83    | 0.11%             | 2042-08-20      | Floating      | 5.39%                 | Yes           |                  2 | On Loan: No      |
| APEX CREDIT CLO 2021- FRN                                                           | APEX CREDIT CLO 2021- FRN                                                                        | CUSIP: 03755QAJ2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    100000 | PA      | $99018.38     | 0.07%             | 2034-10-20      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| Topbuild Corporation                                                                | BLD 5.625 01/31/34 144A                                                                          | CUSIP: 89055FAD5<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120486.72    | 0.09%             | 2034-01-31      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Millrose Properties Inc.                                                            | MRP 6.25 09/15/32 144A                                                                           | CUSIP: 601137AB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $30143.40     | 0.02%             | 2032-09-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| HIH TR 2024-61P                                                                     | HIH 2024-61P F                                                                                   | CUSIP: 40444VAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    197051 | PA      | $198159.17    | 0.14%             | 2041-10-15      | Floating      | 9.34%                 | Yes           |                  2 | On Loan: No      |
| ADT Corp                                                                            | ADT Corp Term Loan B 200 2030-10-01                                                              | CUSIP: 03765VAP5<br>LEI: 549300O6QPZVWXV2DC15 | Long             | LON              | CORP              | US        |     79852 | PA      | $79677.17     | 0.06%             | 2030-10-13      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| RAD CLO 21 LTD                                                                      | RAD 2023-21A D1R                                                                                 | CUSIP: 750099AS2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    160000 | PA      | $159278.02    | 0.11%             | 2037-01-25      | Variable      | 6.92%                 | Yes           |                  2 | On Loan: No      |
| WW INTL INC TL                                                                      | WW INTL INC TL                                                                                   | CUSIP: 92941PAE3<br>LEI: N/A                  | Long             | LON              | CORP              | XX        |    130232 | PA      | $115147.34    | 0.08%             | 2030-06-25      | Fixed         | 11.05%                | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                  | BX 2021-ARIA A                                                                                   | CUSIP: 05608RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    270000 | PA      | $269578.13    | 0.19%             | 2036-10-15      | Floating      | 5.05%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Calcasieu Pass LLC                                                   | VENTGL 3.875 11/01/33 144A                                                                       | CUSIP: 92328MAC7<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    140000 | PA      | $123565.01    | 0.09%             | 2033-11-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Gray Media Inc.                                                                     | GTN 9.625 07/15/32 144A                                                                          | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50246.31     | 0.04%             | 2032-07-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: —       |
| ALTICE STOCK EUR                                                                    | ALTICE STOCK EUR                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      3803 | NS      | $67944.69     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Clarios (Power Solutions)                                                           | Clarios (Power Solutions) Term Loan B (Incremental) 275 2032-01-07                               | CUSIP: C8000CAP8<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |     30000 | PA      | $30065.70     | 0.02%             | 2032-01-14      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| BAIN CAPITAL CREDIT CLO 2022-2 LTD                                                  | BCC 2022-2A D1R                                                                                  | CUSIP: 05682GAY4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $251098.50    | 0.18%             | 2035-04-22      | Floating      | 7.06%                 | Yes           |                  2 | On Loan: No      |
| JAMESTOWN CLO LTD 2016-9                                                            | JTWN 2016-9A CR3                                                                                 | CUSIP: 47048JBK8<br>LEI: 254900NFTK4YH0WYT485 | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $149400.30    | 0.11%             | 2034-07-25      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group Inc.                                                           | TIBX 6.625 08/15/33 144A                                                                         | CUSIP: 18912UAG7<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40091.64     | 0.03%             | 2033-08-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Spirit Aviation Holdings Inc.                                                       | Spirit Aviation Holdings Inc. COM                                                                | CUSIP: 84863V101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8659 | NS      | $3117.24      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Arbor Realty Senior Incorporated                                                    | ABR 7.875 07/15/30 144A                                                                          | CUSIP: 03881NAJ6<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40702.80     | 0.03%             | 2030-07-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| BLACK DIAMOND CLO 202 FRN                                                           | BLACK DIAMOND CLO 202 FRN                                                                        | CUSIP: 09204WAM6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    150000 | PA      | $150002.49    | 0.11%             | 2034-11-22      | Floating      | 7.76%                 | No            |                  2 | On Loan: No      |
| American Axle & Manufacturing, Inc.                                                 | AXL 7.75 10/15/33 144A                                                                           | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90126.76     | 0.06%             | 2033-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Herc Holdings Inc                                                                   | HRI 7.25 06/15/33 144A                                                                           | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     20000 | PA      | $21086.06     | 0.02%             | 2033-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| Level 3 Financing, Inc.                                                             | LVLT 6.875 06/30/33 144A                                                                         | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51214.35     | 0.04%             | 2033-06-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Firstcash Inc                                                                       | FCFS 5.625 01/01/30 144A                                                                         | CUSIP: 31944TAA8<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50075.15     | 0.04%             | 2030-01-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Lukoil PJSC                                                                         | Lukoil PJSC RUB0.025(RUB)                                                                        | CUSIP: X6983S100<br>LEI: 549300LCJ1UJXHYBWI24 | Long             | EC               | CORP              | RU        |      1232 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | FN MA4512                                                                                        | CUSIP: 31418EAN0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     76460 | PA      | $65237.82     | 0.05%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Gazprom Public Joint Stock Company                                                  | Gazprom Public Joint Stock Company RUB5(RUB)                                                     | CUSIP: X3123F106<br>LEI: 213800FD9J2IHTA7YX78 | Long             | EC               | CORP              | RU        |     33780 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Millrose Properties Inc.                                                            | MRP 6.375 08/01/30 144A                                                                          | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $101304.06    | 0.07%             | 2030-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| MOUNTAIN VIEW CLO XIX LTD                                                           | MVEW 2025-1A D1                                                                                  | CUSIP: 623910AN6<br>LEI: 254900L6WFB2NIQTBG86 | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $101222.68    | 0.07%             | 2038-10-17      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Vermilion Energy Inc.                                                               | VETCN 7.25 02/15/33 144A                                                                         | CUSIP: 923725AE5<br>LEI: WT03B8BB1IX8WI9ZGV02 | Long             | DBT              | RF                | CA        |    100000 | PA      | $92333.37     | 0.07%             | 2033-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| Carnival Corporation                                                                | CCL 6.125 02/15/33 144A                                                                          | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     70000 | PA      | $72181.89     | 0.05%             | 2033-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Getty Images Inc.                                                                   | ABEGET 10.5 11/15/30 144A                                                                        | CUSIP: 374276AR4<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40326.99     | 0.03%             | 2030-11-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Dayforce (Ceridian HCM)                                                             | Dayforce (Ceridian HCM) Term Loan B 300 2032-09-22                                               | CUSIP: 23923YAB7<br>LEI: 549300T64GVCHFJ8L449 | Long             | LON              | CORP              | US        |    120000 | PA      | $119550.00    | 0.09%             | 2032-10-07      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| Qnity Electronics Inc.                                                              | QNTELE 6.25 08/15/33 144A                                                                        | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51347.95     | 0.04%             | 2033-08-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | FN FS4840                                                                                        | CUSIP: 3140XLLW6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     80786 | PA      | $81699.85     | 0.06%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| American Axle & Manufacturing, Inc.                                                 | AXL 6.375 10/15/32 144A                                                                          | CUSIP: 02406PBC3<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20059.47     | 0.01%             | 2032-10-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Directv Financing LLC/Directv Financing Co-Obligor Inc.                             | DTV 8.875 02/01/30 144a                                                                          | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $69585.53     | 0.05%             | 2030-02-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Howard Midstream Energy Partners Llc                                                | HOWARD 6.625 01/15/34 144A                                                                       | CUSIP: 442722AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $61830.90     | 0.04%             | 2034-01-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| RR LTD 2021-18                                                                      | RRAM 2021-18A DR                                                                                 | CUSIP: 749737AJ1<br>LEI: 54930003V8ISBLDELD80 | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $150085.34    | 0.11%             | 2040-07-15      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| IntraFi Network (fka Promontory Interfinancial Network)                             | IntraFi Network (fka Promontory Interfinancial Network) Term Loan B (Incremental) 400 2031-07-01 | CUSIP: 65343UAJ1<br>LEI: 254900PILSANV8WOOF24 | Long             | LON              | CORP              | US        |     40000 | PA      | $40060.00     | 0.03%             | 2031-07-31      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| Five Point Operating Company LP Five Point Capital Corp                             | FPH 8 10/01/30 144A                                                                              | CUSIP: 33834YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $71541.40     | 0.05%             | 2030-10-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| CSC Holdings, LLC                                                                   | CSCHLD 11.75 01/31/29 144A                                                                       | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    390000 | PA      | $308084.60    | 0.22%             | 2029-01-31      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| Voltagrid LLC                                                                       | VOLTAG 7.375 11/01/30 144A                                                                       | CUSIP: 92874BAA3<br>LEI: 254900R5BEUGIKK1FM03 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40682.08     | 0.03%             | 2030-11-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Qualitytech LP                                                                      | Qualitytech LP                                                                                   | CUSIP: 74758JAB3<br>LEI: 549300GWD2FYVWRWCZ90 | Long             | LON              | CORP              | US        |    139300 | PA      | $139474.13    | 0.10%             | 2031-12-31      | Fixed         | 11.55%                | No            |                  2 | On Loan: No      |
| Rosneft Oil Company                                                                 | Rosneft Oil Company RUB0.01(RUB)                                                                 | CUSIP: X7394C106<br>LEI: 253400JT3MQWNDKMJE44 | Long             | EC               | CORP              | RU        |     17410 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CHS/Community Health Systems Inc                                                    | CYH 5.25 05/15/30 144A                                                                           | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    100000 | PA      | $93737.74     | 0.07%             | 2030-05-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                            | VST 6.875 04/15/32 144A                                                                          | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73523.87     | 0.05%             | 2032-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Starwood Property Trust, Inc.                                                       | STWD 7.25 04/01/29 144A                                                                          | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52660.70     | 0.04%             | 2029-04-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Carriage Purchaser Inc.                                                             | PSLOGI 7.875 10/15/29 144A                                                                       | CUSIP: 14445LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $186453.32    | 0.13%             | 2029-10-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                  | BX 2021-ACNT A                                                                                   | CUSIP: 05609QAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    153692 | PA      | $153499.99    | 0.11%             | 2038-11-15      | Floating      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-1                                                   | VERUS 2024-1 A3                                                                                  | CUSIP: 92540EAC7<br>LEI: 984500A3F1D749452747 | Long             | ABS-O            | CORP              | US        |    114200 | PA      | $114699.07    | 0.08%             | 2069-01-25      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Valley Stream Park CLO Ltd / Valley Stream Park CLO LLC                             | VYSPK 2022-1A DRR                                                                                | CUSIP: 92013AAZ2<br>LEI: 213800DEME82SWN32S20 | Long             | ABS-CBDO         | CORP              | JE        |    120000 | PA      | $119926.02    | 0.09%             | 2037-01-20      | Floating      | 6.58%                 | Yes           |                  2 | On Loan: No      |
| EchoStar Corp.                                                                      | SATS 10.75 11/30/29 .                                                                            | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    194800 | PA      | $214450.34    | 0.15%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| TransAlta Corporation                                                               | TACN 6.5 03/15/40                                                                                | CUSIP: 89346DAE7<br>LEI: GJZNVO2UY6DNFNIYH321 | Long             | DBT              | CORP              | CA        |     30000 | PA      | $30420.58     | 0.02%             | 2040-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                      | MEX 4.75 03/08/44 MTN                                                                            | CUSIP: 91086QBB3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    150000 | PA      | $126337.50    | 0.09%             | 2044-03-08      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Midea Group Co Ltd.                                                                 | Midea Group Co Ltd. CNY1 H                                                                       | CUSIP: Y6S40V111<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |     81711 | NS      | $883237.63    | 0.63%             |  |  |  | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co. COM USD1.00                                                                 | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      6182 | NS      | $1923343.84   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC                                                        | British American Tobacco PLC SPON ADS EACH REP 1 ORD LVL                                         | CUSIP: 110448107<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |     36557 | NS      | $1871352.83   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Equipmentshare Com Inc.                                                             | EQMSRM 8.625 05/15/32 144A                                                                       | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60550.86     | 0.04%             | 2032-05-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| BLUEBERRY PARK CLO LTD                                                              | BERRY 2024-1A D1                                                                                 | CUSIP: 09609QAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    110000 | PA      | $110196.75    | 0.08%             | 2037-10-20      | Floating      | 6.78%                 | Yes           |                  2 | On Loan: No      |
| Cifc Funding 2019-1 Ltd                                                             | CIFC 2017-3A D1R                                                                                 | CUSIP: 12548JAU6<br>LEI: 254900RRJV30GDUWIX97 | Long             | ABS-CBDO         | CORP              | KY        |    210000 | PA      | $211152.69    | 0.15%             | 2037-04-20      | Floating      | 7.58%                 | Yes           |                  2 | On Loan: No      |
| PremiStars (fka Reedy Industries)                                                   | PremiStars (fka Reedy Industries) Term Loan B 425 2028-08-01                                     | CUSIP: 88366MAE4<br>LEI: 254900K7OD47ERJZN242 | Long             | LON              | CORP              | US        |     76599 | PA      | $76566.86     | 0.05%             | 2028-08-31      | Floating      | 9.59%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                                       | Enbridge Inc. COM NPV                                                                            | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     35421 | NS      | $1651658.34   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                                                   | Johnson & Johnson COM USD1.00                                                                    | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      6940 | NS      | $1310757.80   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| TEAM Services                                                                       | TEAM Services First-lien Term Loan 500 2027-10-06                                                | CUSIP: 87821EAB9<br>LEI: 254900SLCOEZGQJACP02 | Long             | LON              | CORP              | US        |     39483 | PA      | $39326.87     | 0.03%             | 2027-12-20      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| SG RESIDENTIAL MTG TR 2022-1                                                        | SGR 2022-1 A1                                                                                    | CUSIP: 78433QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    198006 | PA      | $186595.51    | 0.13%             | 2062-03-27      | Variable      | 3.17%                 | Yes           |                  2 | On Loan: No      |
| DISH DBS Corporation                                                                | DISH 5.25 12/01/26 144A                                                                          | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $78713.14     | 0.06%             | 2026-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| UST Holdings                                                                        | UST Holdings Term Loan B 375 2028-10-16                                                          | CUSIP: 90355HAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     76476 | PA      | $76093.50     | 0.05%             | 2028-11-02      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| Railworks Holdings LP / Railworks Rally Inc.                                        | RWORKS 8.25 11/15/28 144A                                                                        | CUSIP: 75079MAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $90108.86     | 0.06%             | 2028-11-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Range Resources Corp.                                                               | RRC 4.75 02/15/30 144A                                                                           | CUSIP: 75281ABK4<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88067.23     | 0.06%             | 2030-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Spencer Spirit                                                                      | Spencer Spirit Term Loan B 550 2031-06-13                                                        | CUSIP: 84823UAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    118202 | PA      | $117758.25    | 0.08%             | 2031-06-25      | Floating      | 10.84%                | No            |                  2 | On Loan: No      |
| AMC Networks Inc                                                                    | AMCX 10.25 01/15/29 144A                                                                         | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41993.72     | 0.03%             | 2029-01-15      | Fixed         | 10.25%                | Yes           |                  2 | On Loan: No      |
| Chevron Corp.                                                                       | Chevron Corp. COM USD0.75                                                                        | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4608 | NS      | $726773.76    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L.P.                                                   | Enterprise Products Partners L.P. COM UNITS REP LIM PART INT                                     | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |     50241 | NS      | $1546920.39   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Quikrete Holdings Inc                                                               | QUIKHO 6.375 03/01/32 144A                                                                       | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72604.84     | 0.05%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| X.AI CORP TL                                                                        | X.AI CORP TL                                                                                     | CUSIP: LX2649387<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    129675 | PA      | $135348.28    | 0.10%             | 2030-06-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Peninsula Pacific Entertainment                                                     | Peninsula Pacific Entertainment Term Loan B 475 2032-08-09                                       | CUSIP: 70715SAB3<br>LEI: 549300LWV74H4IE3FG45 | Long             | LON              | CORP              | US        |     81346 | PA      | $81142.19     | 0.06%             | 2032-08-14      | Floating      | 8.98%                 | No            |                  2 | On Loan: No      |
| Northern Oil And Gas, Inc.                                                          | NOG 7.875 10/15/33 144A                                                                          | CUSIP: 665531AL3<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |     80000 | PA      | $77920.21     | 0.06%             | 2033-10-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Range Resources Corp.                                                               | RRC 8.25 01/15/29                                                                                | CUSIP: 75281ABJ7<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40805.84     | 0.03%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Novartis AG                                                                         | Novartis AG ADR-REP 1 CHF0.5 (REGD)                                                              | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     13602 | NS      | $1683791.58   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA                                                              | Petroleo Brasileiro SA COM NPV                                                                   | CUSIP: P78331132<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |    128207 | NS      | $748516.60    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                                                                    | NRG 6 01/15/36 144A                                                                              | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    210000 | PA      | $213614.68    | 0.15%             | 2036-01-15      | 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        |     40000 | PA      | $40282.02     | 0.03%             | 2034-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Corecivic Inc                                                                       | CXW 8.25 04/15/29                                                                                | CUSIP: 21871NAC5<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |     40000 | PA      | $42124.20     | 0.03%             | 2029-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MTG PASS THRU CTF CL E 144A                                                         | MHC 2021-MHC F                                                                                   | CUSIP: 55316VAL8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160000 | PA      | $160000.00    | 0.11%             | 2038-04-15      | Floating      | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Endeavor                                                                            | Endeavor Term Loan B 300 2032-01-15                                                              | CUSIP: 26875YAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99750 | PA      | $100124.06    | 0.07%             | 2032-01-27      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| Park-Ohio Industries, Inc.                                                          | PKOH 8.5 08/01/30 144A                                                                           | CUSIP: 700677AS6<br>LEI: 5493006LQUO5SLMNYM18 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102072.00    | 0.07%             | 2030-08-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: —       |
| GS MORTGAGE-BACKED SECURITIES 2022-                                                 | GSMBS 2022-NQM1 A4                                                                               | CUSIP: 36264EAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    170234 | PA      | $159159.40    | 0.11%             | 2062-05-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| First Brands (Trico Group)                                                          | First Brands (Trico Group) Term Loan B (Add-on) 500 2027-03-01                                   | CUSIP: 31935HAG2<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |     96850 | PA      | $30895.26     | 0.02%             | 2027-03-30      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| AmWINS Group                                                                        | AmWINS Group Term Loan B 225 2032-01-01                                                          | CUSIP: 03234TBA5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |     93739 | PA      | $93836.93     | 0.07%             | 2032-01-23      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| Claritev Corporation                                                                | CTEV 6.75 03/31/31 144A                                                                          | CUSIP: 62548MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100911 | PA      | $80224.25     | 0.06%             | 2031-03-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SONRAVA HEALTH HOLDING TL                                                           | SONRAVA HEALTH HOLDING TL                                                                        | CUSIP: LX2368368<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    320017 | PA      | $57603.01     | 0.04%             | 2028-08-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Alpha Generation LLC                                                                | ALPGEN 6.75 10/15/32 144A                                                                        | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    120000 | PA      | $123310.44    | 0.09%             | 2032-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| PALMER SQUARE LOAN FUNDING 2022-3 L                                                 | PSTAT 2022-3A CR                                                                                 | CUSIP: 69690CAU7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    160000 | PA      | $160649.36    | 0.11%             | 2031-04-15      | Floating      | 6.90%                 | Yes           |                  2 | On Loan: No      |
| Medline Borrower LLP / Medline Co-Issuer Inc.                                       | MEDIND 6.25 04/01/29 144A                                                                        | CUSIP: 58506DAA6<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82300.24     | 0.06%             | 2029-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Sgus LLC                                                                            | SGUSLL 11 12/15/29 144A                                                                          | CUSIP: 81880AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30845 | PA      | $26604.12     | 0.02%             | 2029-12-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| KKR Real Estate Finance Trust/KREF Holdings X                                       | KKR Real Estate Finance Trust/KREF Holdings X Term Loan B 250 2032-02-01                         | CUSIP: 48266YAH6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    129426 | PA      | $129749.18    | 0.09%             | 2032-03-05      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| MOUNTAIN VIEW CLO XVI LTD 2022                                                      | MVEW 2022-1A DR                                                                                  | CUSIP: 62432UAU5<br>LEI: 549300MWKXOHYV7Z8O91 | Long             | ABS-CBDO         | CORP              | KY        |    140000 | PA      | $140269.04    | 0.10%             | 2034-04-15      | Floating      | 8.09%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TR 2024-3                                                      | VERUS 2024-3 A3                                                                                  | CUSIP: 92540MAC9<br>LEI: 2138005NRONUFED1TZ38 | Long             | ABS-O            | CORP              | US        |     89641 | PA      | $90862.61     | 0.06%             | 2069-04-25      | Variable      | 6.84%                 | Yes           |                  2 | On Loan: No      |
| Versant Media Group Inc.                                                            | VSNT 7.25 01/30/31 144A                                                                          | CUSIP: 925283AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $40773.09     | 0.03%             | 2031-01-30      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| VERSANT MEDIA GRP. TL                                                               | VERSANT MEDIA GRP. TL                                                                            | CUSIP: LX2736036<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     70000 | PA      | $69679.40     | 0.05%             | 2030-10-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DIAMOND SPORTS NET TL                                                               | DIAMOND SPORTS NET TL                                                                            | CUSIP: 25277EAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     50766 | PA      | $37770.00     | 0.03%             | 2028-01-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Power Home Remodeling                                                               | Power Home Remodeling Term Loan B 400 2032-02-04                                                 | CUSIP: 40445XAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     59850 | PA      | $58241.83     | 0.04%             | 2032-02-20      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| United Airlines                                                                     | United Airlines Term Loan B 200 2031-02-01                                                       | CUSIP: 90932RAP9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    148789 | PA      | $149002.21    | 0.11%             | 2031-02-22      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| Learfield Communications                                                            | Learfield Communications Term Loan B 500 2028-06-01                                              | CUSIP: 00165HAL7<br>LEI: 549300177GK4LMS8T214 | Long             | LON              | CORP              | US        |      8013 | PA      | $8064.50      | 0.01%             | 2028-06-30      | Floating      | 9.63%                 | No            |                  2 | On Loan: No      |
| Lucky Strike Entertainment (fka Bowlero/Bowlmor)                                    | Lucky Strike Entertainment (fka Bowlero/Bowlmor) Term Loan B 325 2032-09-08                      | CUSIP: 49579GAJ1<br>LEI: 549300HRZOJTMNZCST05 | Long             | LON              | CORP              | US        |    150000 | PA      | $145125.00    | 0.10%             | 2032-09-22      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| WBI Operations LLC                                                                  | WBI 6.5 10/15/33 144A                                                                            | CUSIP: 92944BAB7<br>LEI: 254900A83461EGRMOV11 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59992.20     | 0.04%             | 2033-10-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| LifePoint Health                                                                    | LifePoint Health Term Loan B (Incremental) 350 2031-05-01                                        | CUSIP: 75915TAL6<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |     39601 | PA      | $39551.06     | 0.03%             | 2031-05-17      | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| WorldPay                                                                            | WorldPay Term Loan B 200 2031-01-01                                                              | CUSIP: 92943EAG1<br>LEI: 254900S8RE1OL7TTCU64 | Long             | LON              | CORP              | US        |     99251 | PA      | $99468.60     | 0.07%             | 2031-01-31      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| Northern Institutional Funds                                                        | Northern Institutional Funds TREAS PRT PRMR                                                      | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |      2697 | NS      | $2697.13      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleos del Peru - Petroperu SA                                                   | PETRPE 5.625 06/19/47 144A                                                                       | CUSIP: 716564AB5<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |    250000 | PA      | $180000.00    | 0.13%             | 2047-06-19      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: —       |
| KNDR TRUST 2021-KIND                                                                | KNDR 2021-KIND E                                                                                 | CUSIP: 482606AQ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    158697 | PA      | $155784.94    | 0.11%             | 2038-08-15      | Floating      | 7.40%                 | Yes           |                  2 | On Loan: No      |
| Siemens AG                                                                          | Siemens AG NPV(REGD)                                                                             | CUSIP: D69671218<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      9362 | NS      | $2653165.94   | 1.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Primo Brands (BlueTriton Brands/Nestle Waters NA)                                   | Primo Brands (BlueTriton Brands/Nestle Waters NA) Term Loan B 225 2028-03-01                     | CUSIP: 89678QAD8<br>LEI: 254900J0WS4AXV2LAX55 | Long             | LON              | CORP              | US        |    166838 | PA      | $167247.10    | 0.12%             | 2028-03-31      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| RIDE TRUST 2025-SHRE                                                                | RIDE 2025-SHRE D                                                                                 | CUSIP: 765692AG3<br>LEI: 5493000HCHF3YP6AGZ15 | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $204870.54    | 0.15%             | 2047-02-14      | Variable      | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Zurich Insurance Group AG                                                           | Zurich Insurance Group AG CHF0.10                                                                | CUSIP: H9870Y105<br>LEI: 529900QVNRBND50TXP03 | Long             | EC               | CORP              | CH        |      1413 | NS      | $982701.14    | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                  | Energy Transfer LP COM UNITS REP LTD PTN INT                                                     | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |     67113 | NS      | $1129511.79   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Polska Kasa Opieki SA                                                          | Bank Polska Kasa Opieki SA PLN1.00                                                               | CUSIP: X0R77T117<br>LEI: 5493000LKS7B3UTF7H35 | Long             | EC               | CORP              | PL        |     13018 | NS      | $666544.83    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK 2022-BNK44                                                                     | BANK 2022-BNK44 D                                                                                | CUSIP: 06540KBQ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $148977.99    | 0.11%             | 2032-11-15      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CAFL 2023-RTL1 ISSUER LLC                                                           | CAFL 2023-RTL1 A1                                                                                | CUSIP: 124762AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160000 | PA      | $160461.71    | 0.11%             | 2030-12-28      | Fixed         | 7.55%                 | Yes           |                  2 | On Loan: No      |
| BFLD COML MTG TR 2024-UNIV                                                          | BFLD 2024-UNIV D                                                                                 | CUSIP: 08861RAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $251093.75    | 0.18%             | 2029-11-15      | Floating      | 6.72%                 | Yes           |                  2 | On Loan: No      |
| iHeartCommunications Inc                                                            | IHRT 9.125 05/01/29 144A                                                                         | CUSIP: 45174HBJ5<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |     28500 | PA      | $26222.85     | 0.02%             | 2029-05-01      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| Flutter Entertainment                                                               | Flutter Entertainment Term Loan B 175 2030-11-01                                                 | CUSIP: N3313EAG5<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | US        |     93735 | PA      | $93219.12     | 0.07%             | 2030-11-30      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                                                        | MLTPLN 11.5 12/31/30 144A                                                                        | CUSIP: 553283AF9<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |     18266 | PA      | $19704.45     | 0.01%             | 2030-12-31      | Fixed         | 11.50%                | Yes           |                  2 | On Loan: —       |
| Authentic Brands                                                                    | Authentic Brands Term Loan B (Incremental) 225 2032-02-04                                        | CUSIP: 00076VBM1<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |     93741 | PA      | $93506.27     | 0.07%             | 2032-02-12      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| Gen Digital Inc                                                                     | GEN 6.25 04/01/33 144A                                                                           | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82355.44     | 0.06%             | 2033-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Altice France SAS                                                                   | SFRFP 6.875 07/15/32 144A                                                                        | CUSIP: 02090DAE8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    646884 | PA      | $621069.18    | 0.44%             | 2032-07-15      | Fixed         | 6.88%                 | 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        |     70000 | PA      | $72499.23     | 0.05%             | 2036-02-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                                                        | MLTPLN L 12/31/30 1                                                                              | CUSIP: 55328HAP6<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |     14766 | PA      | $14731.99     | 0.01%             | 2030-12-31      | Fixed         | 13.28%                | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                         | FMCN 8 03/01/33 144A                                                                             | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    230000 | PA      | $244440.09    | 0.17%             | 2033-03-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Spirit IP Cayman Ltd / Spirit Loyalty Cayman Ltd                                    | SAVE 11 03/12/30 144A                                                                            | CUSIP: 84859BAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    163884 | PA      | $86858.52     | 0.06%             | 2030-03-12      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| SolarWinds                                                                          | SolarWinds First-lien Term Loan 400 2032-03-01                                                   | CUSIP: 85554UAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    117765 | PA      | $116955.56    | 0.08%             | 2032-03-12      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| ALLWYN ENT FIN US LLC TL                                                            | ALLWYN ENT FIN US LLC TL                                                                         | CUSIP: LX2579204<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    108632 | PA      | $106820.97    | 0.08%             | 2031-06-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Celsius                                                                             | Celsius Term Loan B 250 2032-04-01                                                               | CUSIP: 15118XAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     70000 | PA      | $70284.20     | 0.05%             | 2032-04-01      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| NEW MOUNTAIN CLO 5 LTD                                                              | NMC CLO-5A D1R                                                                                   | CUSIP: 64754WAQ6<br>LEI: 2549000KVE2J1UOHZ207 | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $100223.58    | 0.07%             | 2036-07-20      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III B.V.                                    | TEVA 4.1 10/01/46                                                                                | CUSIP: 88167AAF8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    280000 | PA      | $210260.60    | 0.15%             | 2046-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| JetBlue Airways Corp. / JetBlue Loyalty LP                                          | JBLU 9.875 09/20/31 144A                                                                         | CUSIP: 476920AA1<br>LEI: 54930070J9H97ZO93T57 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88460.51     | 0.06%             | 2031-09-20      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: —       |
| Equipmentshare Com Inc.                                                             | EQMSRM 8 03/15/33 144A                                                                           | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9803.12      | 0.01%             | 2033-03-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| First Brands Group LLC                                                              | TRICGR L 06/29/26 1                                                                              | CUSIP: 31935HAM9<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |      9752 | PA      | $10325.80     | 0.01%             | 2026-06-29      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Internet Brands                                                                     | Internet Brands Term Loan B-4 425 2031-12-02                                                     | CUSIP: 45567YAP0<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |     67484 | PA      | $53852.39     | 0.04%             | 2031-12-11      | Floating      | 8.69%                 | No            |                  2 | On Loan: No      |
| Northern Institutional Funds                                                        | Northern Institutional Funds TREAS PRT PRMR                                                      | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |    182579 | NS      | $182579.12    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW GENERATION 0.00%                                                                | NEW GENERATION 0.00%                                                                             | CUSIP: 64199ANB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    189189 | PA      | $196756.20    | 0.14%             | 2029-09-30      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| Nassau (County Of)                                                                  | NCC 2021-IA DR                                                                                   | CUSIP: 631704AP8<br>LEI: 549300ICRCGQYCPS7T40 | Long             | ABS-CBDO         | CORP              | US        |    150000 | PA      | $150149.46    | 0.11%             | 2034-08-26      | Variable      | 7.92%                 | Yes           |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                                                        | MLTPLN L 12/31/30 2                                                                              | CUSIP: 55328HAQ4<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |    122406 | PA      | $115494.86    | 0.08%             | 2030-12-31      | Fixed         | 13.28%                | No            |                  2 | On Loan: No      |
| Chord Energy Corp.                                                                  | CHRD 6.75 03/15/33 144A                                                                          | CUSIP: 674215AN8<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61270.80     | 0.04%             | 2033-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                  | META 5.5 11/15/45                                                                                | CUSIP: 30303M8X3<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    130000 | PA      | $128875.71    | 0.09%             | 2045-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Jane Street Group                                                                   | Jane Street Group Term Loan B 200 2031-12-01                                                     | CUSIP: 47077DAM2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |     93720 | PA      | $92788.15     | 0.07%             | 2031-12-11      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| Virtu Financial                                                                     | Virtu Financial Term Loan B 250 2031-06-01                                                       | CUSIP: 91820UAV2<br>LEI: 549300FRO9M476YHHY64 | Long             | LON              | CORP              | US        |    150000 | PA      | $150046.50    | 0.11%             | 2031-06-21      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| Capstone Copper Corp                                                                | CAPCOP 6.75 03/31/33 144A                                                                        | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |     30000 | PA      | $31042.65     | 0.02%             | 2033-03-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| BAE Systems PLC                                                                     | BAE Systems PLC ORD GBP0.025                                                                     | CUSIP: G06940103<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |     78271 | NS      | $1928087.96   | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Northern Institutional Funds                                                        | Northern Institutional Funds TREAS PRT PRMR                                                      | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |    489512 | NS      | $489512.48    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley COM USD0.01                                                                       | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      7150 | NS      | $1172600.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek Inc.                                                                       | MediaTek Inc. TWD10                                                                              | CUSIP: Y5945U103<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |     33231 | NS      | $1409308.52   | 1.01%             |  |  |  | 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        |     60000 | PA      | $61890.18     | 0.04%             | 2030-08-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| GC FERRY ACQU I INC TL                                                              | GC FERRY ACQU I INC TL                                                                           | CUSIP: LX2640980<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     76875 | PA      | $76693.58     | 0.05%             | 2032-06-04      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CoreWeave Inc.                                                                      | CRWV 9 02/01/31 144A                                                                             | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80234.00     | 0.06%             | 2031-02-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings Inc.                                                 | CCO 7.125 02/15/31 144A                                                                          | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51562.91     | 0.04%             | 2031-02-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Herc Holdings Inc                                                                   | HRI 7 06/15/30 144A                                                                              | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52333.95     | 0.04%             | 2030-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Rockies Express Pipeline LLC                                                        | ROCKIE 7.5 07/15/38 144A                                                                         | CUSIP: 77340RAD9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |     40000 | PA      | $43378.68     | 0.03%             | 2038-07-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | FN FS2293                                                                                        | CUSIP: 3140XHRP4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    104830 | PA      | $103218.53    | 0.07%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Gray Media Inc.                                                                     | GTN 7.25 08/15/33 144A                                                                           | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48953.43     | 0.03%             | 2033-08-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| Bank Of Amer Merrill Lynch Coml Mtg                                                 | BACM 2017-BNK3 D                                                                                 | CUSIP: 06427DAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    110000 | PA      | $100239.82    | 0.07%             | 2050-02-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                  | BX 2019-IMC E                                                                                    | CUSIP: 05608BAN0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $291000.00    | 0.21%             | 2034-04-15      | Floating      | 6.23%                 | Yes           |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                                                        | MLTPLN 5.75 12/31/30 144A                                                                        | CUSIP: 553283AG7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |     11644 | PA      | $10572.75     | 0.01%             | 2030-12-31      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Viking Cruises, Ltd.                                                                | VIKCRU 5.875 10/15/33 144A                                                                       | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |     80000 | PA      | $81325.33     | 0.06%             | 2033-10-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| PLACEHOLD GC FERRY TL                                                               | PLACEHOLD GC FERRY TL                                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     13125 | PA      | $13125.00     | 0.01%             | 2032-06-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Cotiviti Inc                                                                        | Cotiviti Inc Term Loan B (Incremental) 275 2032-02-06                                            | CUSIP: 22164MAF4<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |    119700 | PA      | $114949.11    | 0.08%             | 2032-02-13      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| CALABRIO INC TL                                                                     | CALABRIO INC TL                                                                                  | CUSIP: 12804VAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $28500.00     | 0.02%             | 2032-10-25      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Directv Financing LLC/Directv Financing Co-Obligor Inc.                             | DTV 10 02/15/31 144A                                                                             | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $49794.17     | 0.04%             | 2031-02-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Super Micro Computer Inc.                                                           | SMCI 3.5 03/01/29                                                                                | CUSIP: 86800UAB0<br>LEI: 54930022CZO1N2UGVW07 | Long             | DBT              | CORP              | US        |     29000 | PA      | $30856.00     | 0.02%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Twitter Inc                                                                         | Twitter Inc                                                                                      | CUSIP: 90184NAK4<br>LEI: 549300I8RX485XMK6836 | Long             | LON              | CORP              | US        |     90000 | PA      | $90210.60     | 0.06%             | 2030-02-14      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Axon Enterprise Inc                                                                 | AXON 6.25 03/15/33 144A                                                                          | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20672.10     | 0.01%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Action Nederland B.V.                                                               | Action Nederland B.V. Term Loan B (Incremental) 225 2032-09-20                                   | CUSIP: N6872NAQ9<br>LEI: 7245002S0K5Q59JCVQ03 | Long             | LON              | CORP              | US        |     30000 | PA      | $30000.00     | 0.02%             | 2032-09-27      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| Blackhawk Network Holdings                                                          | Blackhawk Network Holdings Term Loan B 400 2029-03-01                                            | CUSIP: 09238FAM3<br>LEI: 549300LFU3K8UIR03132 | Long             | LON              | CORP              | US        |     98754 | PA      | $99077.66     | 0.07%             | 2029-03-12      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| Romania (Republic Of)                                                               | ROMANI 7.5 02/10/37 144A                                                                         | CUSIP: 77586RAW0<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     60000 | PA      | $65753.50     | 0.05%             | 2037-02-10      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Primo Water Holdings Inc / Triton Water Holdings Inc.                               | PRMWCN 6.25 04/01/29 144A                                                                        | CUSIP: 74168RAC7<br>LEI: 9845008F9A5F2E1D4832 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50030.75     | 0.04%             | 2029-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: —       |
| PLACEHOLD TALEN ENERGY SU                                                           | PLACEHOLD TALEN ENERGY SU                                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     40000 | PA      | $39800.00     | 0.03%             | 2032-10-25      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | FR SD8146                                                                                        | CUSIP: 3132DWBP7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    143752 | PA      | $117473.46    | 0.08%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| EUC (End User Computing)                                                            | EUC (End User Computing) Term Loan B 450 2031-04-01                                              | CUSIP: 60753DAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     93503 | PA      | $91259.24     | 0.07%             | 2031-04-18      | Floating      | 9.82%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust 2019-Inv3                                                | VERUS 2024-4 A3                                                                                  | CUSIP: 92540GAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    132279 | PA      | $133821.73    | 0.10%             | 2069-06-25      | Variable      | 6.67%                 | Yes           |                  2 | On Loan: No      |
| Turk Telekomunikasyon A.S.                                                          | TURKTI 7.375 05/20/29 144A                                                                       | CUSIP: 90011QAD2<br>LEI: 789000A2TXOI10JZLF90 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $207047.38    | 0.15%             | 2029-05-20      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| PBF Holding Company LLC and PBF Finance Corp.                                       | PBFENE 6 02/15/28                                                                                | CUSIP: 69318FAJ7<br>LEI: 549300TILVIIV9FLL461 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29782.26     | 0.02%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Cloudera                                                                            | Cloudera First-lien Term Loan 375 2028-07-24                                                     | CUSIP: 74339VAB4<br>LEI: 549300PGONC4JOI0RG62 | Long             | LON              | CORP              | US        |     88818 | PA      | $85043.45     | 0.06%             | 2028-08-10      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| ZF North America Capital, Inc.                                                      | ZFFNGR 6.875 04/23/32 144A                                                                       | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    150000 | PA      | $136911.06    | 0.10%             | 2032-04-23      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| OCP SA                                                                              | OCPMR 6.75 05/02/34 144A                                                                         | CUSIP: 67091TAF2<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    200000 | PA      | $217201.73    | 0.15%             | 2034-05-02      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| GRAY TELEVISION INC TL                                                              | GRAY TELEVISION INC TL                                                                           | CUSIP: LX2334782<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      1000 | PA      | $999.38       | 0.00%             | 2029-05-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Univision Communications/Televisa                                                   | Univision Communications/Televisa Term Loan B (Incremental) 350 2029-01-01                       | CUSIP: 914908BG2<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |     19750 | PA      | $19537.69     | 0.01%             | 2029-01-31      | Floating      | 9.09%                 | No            |                  2 | On Loan: No      |
| Howard Midstream Energy Partners Llc                                                | HOWARD 7.375 07/15/32 144A                                                                       | CUSIP: 442722AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $52393.15     | 0.04%             | 2032-07-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Wrangler Holdco Corp.                                                               | GFLCN 6.625 04/01/32 144A                                                                        | CUSIP: 37441QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $104397.10    | 0.07%             | 2032-04-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Dominion Energy Inc                                                                 | Dominion Energy Inc COM STK NPV                                                                  | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |      4492 | NS      | $263635.48    | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| International Flavors & Fragrances Inc.                                             | International Flavors & Fragrances Inc. COM USD0.125                                             | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |      5220 | NS      | $328703.40    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                                                   | Johnson & Johnson COM USD1.00                                                                    | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      5077 | NS      | $958892.99    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corporation                                                          | Kimberly-Clark Corporation COM USD1.25                                                           | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      2630 | NS      | $314837.30    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                                                                    | McDonald's Corp. COM USD0.01                                                                     | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      1324 | NS      | $395121.32    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                                                                     | CVS Health Corp COM USD0.01                                                                      | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      3690 | NS      | $288373.50    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc.                                                                       | NiSource Inc. COM USD0.01                                                                        | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |      5223 | NS      | $219940.53    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corporation                                                          | Northern Trust Corporation COM USD1.666                                                          | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |      2249 | NS      | $289378.83    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                                                                         | Pepsico Inc CAP USD0.016666                                                                      | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      3825 | NS      | $558794.25    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                                                                         | Pfizer Inc. COM USD0.05                                                                          | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     22947 | NS      | $565643.55    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc.                                                   | PNC Financial Services Group Inc. COM USD5                                                       | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      1350 | NS      | $246442.50    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Price T Rowe Group Inc.                                                             | Price T Rowe Group Inc. COM USD0.20                                                              | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      3035 | NS      | $311178.55    | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| The Procter & Gamble Co.                                                            | The Procter & Gamble Co. COM NPV                                                                 | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      4271 | NS      | $642230.27    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                                                            | Simon Property Group Inc COM USD0.0001                                                           | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      1205 | NS      | $211790.80    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                                                                     | Starbucks Corp. COM USD0.001                                                                     | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      3294 | NS      | $266385.78    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                                                                 | Comcast Corporation COM USD0.01 CL A                                                             | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     23348 | NS      | $649891.58    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corporation                                                                   | Sysco Corporation COM USD1                                                                       | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |      2684 | NS      | $199367.52    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc.                                                              | Texas Instruments Inc. COM USD1.00                                                               | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      2683 | NS      | $433197.18    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc.                                                                         | Ventas Inc. COM USD0.25                                                                          | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |      3326 | NS      | $245425.54    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CSMC 2020-RPL4                                                                      | CSMC 2020-RPL4 A1                                                                                | CUSIP: 126405AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    154357 | PA      | $140067.04    | 0.10%             | 2060-01-25      | Variable      | 2.00%                 | Yes           |                  2 | On Loan: No      |
| VodafoneZiggo                                                                       | VodafoneZiggo Term Loan B 250 2028-04-01                                                         | CUSIP: N9833RAJ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     94212 | PA      | $84554.98     | 0.06%             | 2028-04-15      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| Magic MergeCo Inc                                                                   | MIK 5.25 05/01/28 144A                                                                           | CUSIP: 55916AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $37351.25     | 0.03%             | 2028-05-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Carriage Services, Inc.                                                             | CSV 4.25 05/15/29 144A                                                                           | CUSIP: 143905AP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $104038.55    | 0.07%             | 2029-05-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| VFH Parent LLC & Valor Co-Issuer Inc.                                               | VIRT 7.5 06/15/31 144A                                                                           | CUSIP: 91824YAA6<br>LEI: 549300FRO9M476YHHY64 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20929.28     | 0.01%             | 2031-06-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Co. / AerCap Global Aviation Trust (AER) | AER V6.95 03/10/55                                                                               | CUSIP: 00774MBK0<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    150000 | PA      | $157684.29    | 0.11%             | 2055-03-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Realty Income Corporation                                                           | Realty Income Corporation COM USD1                                                               | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |      4011 | NS      | $232557.78    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CHS/Community Health Systems Inc                                                    | CYH 6.875 04/15/29 144A                                                                          | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    180000 | PA      | $163193.40    | 0.12%             | 2029-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | FR RB5125                                                                                        | CUSIP: 3133KYVS5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    139215 | PA      | $121618.87    | 0.09%             | 2041-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Tutor Perini Corporation                                                            | TPC 11.875 04/30/29 144A                                                                         | CUSIP: 901109AG3<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | DBT              | CORP              | US        |    180000 | PA      | $200884.42    | 0.14%             | 2029-04-30      | Fixed         | 11.88%                | Yes           |                  2 | On Loan: No      |
| Cloud Software Group Inc.                                                           | TIBX 8.25 06/30/32 144A                                                                          | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     40000 | PA      | $42032.56     | 0.03%             | 2032-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Nabors Industries, Inc.                                                             | NBR 8.875 08/15/31 144A                                                                          | CUSIP: 62957HAQ8<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    120000 | PA      | $114034.13    | 0.08%             | 2031-08-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| The Western Union Company                                                           | The Western Union Company COM STK USD0.01                                                        | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |     20056 | NS      | $187122.48    | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Huntington Ingalls Industries, Inc.                                                 | Huntington Ingalls Industries, Inc. COM USD0.01                                                  | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |      1418 | NS      | $456624.36    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Pm General Purchaser Llc                                                            | AMGENE 9.5 10/01/28 144A                                                                         | CUSIP: 69356MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $259466.51    | 0.19%             | 2028-10-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| MF1 2020-FL4 LTD                                                                    | MF1 2020-FL4 A                                                                                   | CUSIP: 58003UAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     36413 | PA      | $36436.32     | 0.03%             | 2035-11-15      | Floating      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| Viking Cruises, Ltd.                                                                | VIKCRU 7 02/15/29 144a                                                                           | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    130000 | PA      | $130735.26    | 0.09%             | 2029-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Sotera Health Holdings LLC                                                          | STENOR 7.375 06/01/31 144A                                                                       | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |     60000 | PA      | $63054.12     | 0.04%             | 2031-06-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc.                                | RKT 3.625 03/01/29 144A                                                                          | CUSIP: 74841CAA9<br>LEI: 549300FGXN1K3HLB1R50 | Long             | DBT              | CORP              | US        |     70000 | PA      | $67249.46     | 0.05%             | 2029-03-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Asurion                                                                             | Asurion First-lien Term Loan B-9 325 2027-07-26                                                  | CUSIP: 04649VAY6<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     90606 | PA      | $90623.59     | 0.06%             | 2027-07-29      | Floating      | 3.47%                 | No            |                  2 | On Loan: No      |
| AAdvantage Loyalty IP Ltd/ American Airlines Inc                                    | AAL 5.75 04/20/29 144A                                                                           | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     10000 | PA      | $10089.47     | 0.01%             | 2029-04-20      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Liberty Tire Recycling                                                              | Liberty Tire Recycling Term Loan B 450 2028-04-10                                                | CUSIP: 50219UAB1<br>LEI: 549300J0IFHJE2TQGX07 | Long             | LON              | CORP              | US        |    147686 | PA      | $147686.40    | 0.11%             | 2028-05-05      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| TKC Holdings Inc.                                                                   | TKCHOL 10.5 05/15/29 144A                                                                        | CUSIP: 87256YAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $82270.00     | 0.06%             | 2029-05-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Empire Communities Corp.                                                            | EMPRCC 9.75 05/01/29 144A                                                                        | CUSIP: 29163VAG8<br>LEI: 549300JM1L6KK2QFP273 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $51125.99     | 0.04%             | 2029-05-01      | Fixed         | 9.75%                 | Yes           |                  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        |     50000 | PA      | $52468.40     | 0.04%             | 2031-04-30      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Bombardier Inc.                                                                     | BBDBCN 7 06/01/32 144A                                                                           | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     80000 | PA      | $83991.28     | 0.06%             | 2032-06-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Marks and Spencer plc                                                               | MARSPE 7.125 12/01/37 144A                                                                       | CUSIP: 57069PAA0<br>LEI: 213800CN1RI3UCIZWB95 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $110606.78    | 0.08%             | 2037-12-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Full House Resorts Inc.                                                             | FLL 8.25 02/15/28 144A                                                                           | CUSIP: 359678AC3<br>LEI: 5493009DKIWW0H901Y82 | Long             | DBT              | CORP              | US        |    190000 | PA      | $168693.46    | 0.12%             | 2028-02-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings Inc.                                                 | CCO 7.5 06/01/29 144A                                                                            | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    160000 | PA      | $156999.65    | 0.11%             | 2029-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Harbor Freight                                                                      | Harbor Freight Term Loan B 250 2031-05-27                                                        | CUSIP: 41151PAR6<br>LEI: 549300Y48HLCFTTB4249 | Long             | LON              | CORP              | US        |     93502 | PA      | $92107.44     | 0.07%             | 2031-06-05      | Floating      | 7.84%                 | No            |                  2 | On Loan: No      |
| HudBay Minerals Inc                                                                 | HBMCN 6.125 04/01/29 144A                                                                        | CUSIP: 443628AH5<br>LEI: 549300WI524AL577IX21 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $50628.90     | 0.04%             | 2029-04-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Tallgrass Energy Partners, LP and Tallgrass Energy Finance Corp.                    | TEP 6 12/31/30 144A                                                                              | CUSIP: 87470LAJ0<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49618.18     | 0.04%             | 2030-12-31      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Magic MergeCo Inc                                                                   | MIK 7.875 05/01/29 144A                                                                          | CUSIP: 55916AAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $17550.00     | 0.01%             | 2029-05-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                            | VST 4.375 05/01/29 144A                                                                          | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29456.27     | 0.02%             | 2029-05-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Blue Racer Midstream, LLC / Blue Racer Finance Corp                                 | BLURAC 7.25 07/15/32 144A                                                                        | CUSIP: 095796AK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $52504.40     | 0.04%             | 2032-07-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| TEAM Services                                                                       | TEAM Services Term Loan B (Incremental) 525 2027-12-01                                           | CUSIP: 87821EAG8<br>LEI: 254900SLCOEZGQJACP02 | Long             | LON              | CORP              | US        |     29775 | PA      | $29688.06     | 0.02%             | 2027-12-20      | Floating      | 10.57%                | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 20                                                 | SMB 2024-D D                                                                                     | CUSIP: 83207QAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $103522.55    | 0.07%             | 2053-07-05      | Fixed         | 7.51%                 | Yes           |                  2 | On Loan: No      |
| ASE Technology Holding Co Ltd.                                                      | ASE Technology Holding Co Ltd. TWD10                                                             | CUSIP: Y0249T100<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | TW        |    213770 | NS      | $1710322.67   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| SoftBank Corp                                                                       | SoftBank Corp NPV                                                                                | CUSIP: J75963132<br>LEI: 353800M1YCTS9JRBJ535 | Long             | EC               | CORP              | JP        |   1148211 | NS      | $1631606.63   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| NN Group N.V.                                                                       | NN Group N.V. EUR0.12                                                                            | CUSIP: N64038107<br>LEI: 724500OHYNDT9OY6Q215 | Long             | EC               | CORP              | NL        |     19970 | NS      | $1366644.30   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Johnson Controls International PLC                                                  | Johnson Controls International PLC COM USD1.00                                                   | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |      8037 | NS      | $919352.43    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners PLC                                                  | Coca-Cola Europacific Partners PLC COM EUR0.01                                                   | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |      5678 | NS      | $504376.74    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit S.p.A.                                                                    | UniCredit S.p.A. NPV                                                                             | CUSIP: T9T23L642<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |     34050 | NS      | $2521290.01   | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Vici Properties Inc                                                                 | Vici Properties Inc COM USD0.01                                                                  | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     49759 | NS      | $1492272.41   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Computer Inc.                                                                | Quanta Computer Inc. TWD10                                                                       | CUSIP: Y7174J106<br>LEI: 529900DE8BIV3XOXIK04 | Long             | EC               | CORP              | TW        |    116302 | NS      | $1127923.56   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Macquarie Korea Infrastructure Fund                                                 | Macquarie Korea Infrastructure Fund NPV                                                          | CUSIP: Y53643105<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     25661 | NS      | $197904.92    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| RIO Tinto Limited                                                                   | RIO Tinto Limited NPV                                                                            | CUSIP: Q81437107<br>LEI: 529900X2VMAQT2PE0V24 | Long             | EC               | CORP              | AU        |     22462 | NS      | $1950293.16   | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Motor Co.                                                                   | Hyundai Motor Co. KRW5000                                                                        | CUSIP: Y38472109<br>LEI: 9884004RQX8PRBXQ8S60 | Long             | EC               | CORP              | KR        |      4300 | NS      | $871994.74    | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Volvo AB                                                                            | Volvo AB SER'B'NPV                                                                               | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |     24480 | NS      | $670630.75    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinci SA                                                                            | Vinci SA EUR2.50                                                                                 | CUSIP: F5879X108<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |      4385 | NS      | $586346.04    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Actinver SA                                                                   | Banco Actinver SA CBFI (PROLOGIS PROPERTY MEXICO SA DE CV)                                       | CUSIP: P4559M101<br>LEI: 4469000001BLWI4LQJ08 | Long             | EC               | CORP              | MX        |    267879 | NS      | $1073765.33   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel S.p.A.                                                                         | Enel S.p.A. EUR1                                                                                 | CUSIP: T3679P115<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |    156946 | NS      | $1587628.24   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Opap SA                                                                             | Opap SA EUR0.30 (CR)                                                                             | CUSIP: X3232T104<br>LEI: 213800M4NRGFJCI34834 | Long             | EC               | CORP              | GR        |     78339 | NS      | $1620839.28   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Compagnie de Saint-Gobain SA                                                        | Compagnie de Saint-Gobain SA EUR4                                                                | CUSIP: F80343100<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |     13110 | NS      | $1272483.74   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| MS&AD Insurance Group Holdings Inc.                                                 | MS&AD Insurance Group Holdings Inc. NPV                                                          | CUSIP: J4687C105<br>LEI: 529900CXROT5S2HMMP26 | Long             | EC               | CORP              | JP        |     71332 | NS      | $1470470.80   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid PLC                                                                   | National Grid PLC ORD GBP0.12431289                                                              | CUSIP: G6S9A7120<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |     95466 | NS      | $1431428.14   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| COLT 2022-3 MORTGAGE LOAN TRUST                                                     | COLT 2022-3 A1                                                                                   | CUSIP: 12659YAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    174864 | PA      | $172341.27    | 0.12%             | 2067-02-25      | Variable      | 3.90%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | FR SD8222                                                                                        | CUSIP: 3132DWD34<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     78970 | PA      | $75289.24     | 0.05%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TransAlta Corporation                                                               | TACN 7.75 11/15/29                                                                               | CUSIP: 89346DAH0<br>LEI: GJZNVO2UY6DNFNIYH321 | Long             | DBT              | CORP              | CA        |     70000 | PA      | $72892.40     | 0.05%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Virgin Media                                                                        | Virgin Media Term Loan Y (Add-on) 325 2031-03-01                                                 | CUSIP: G9368PBK9<br>LEI: 213800IQ982XX69LE276 | Long             | LON              | CORP              | US        |    100000 | PA      | $97759.00     | 0.07%             | 2031-02-28      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| Gs Mortgage Securities Tr 2017-Gs6                                                  | GSMS 2017-GS6 A2                                                                                 | CUSIP: 36253PAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    184774 | PA      | $181478.70    | 0.13%             | 2050-05-10      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FDG TR 2022-NQM2                                                  | BRAVO 2022-NQM2 A3                                                                               | CUSIP: 10568KAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    125433 | PA      | $125201.58    | 0.09%             | 2061-11-25      | Variable      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| Shelf Drilling Holdings Ltd.                                                        | SHLFDI 9.625 04/15/29 144A                                                                       | CUSIP: 822538AH7<br>LEI: 54930078ZJ3XP4MRYB68 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $209918.60    | 0.15%             | 2029-04-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: —       |
| National Colleg. Stud.                                                              | NCSLT 2007-2 A4                                                                                  | CUSIP: 63543LAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    177251 | PA      | $174310.46    | 0.12%             | 2033-01-25      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust 2016 P6                                         | CGCMT 2017-P8 A3                                                                                 | CUSIP: 17326DAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $245490.15    | 0.18%             | 2050-09-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Seasoned Credit Risk Transfer Trust Series 2017-2                       | SCRT 2022-1 M                                                                                    | CUSIP: 35563PC80<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    130000 | PA      | $120652.71    | 0.09%             | 2061-11-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| SMRT MINI                                                                           | SMRT 2022-MINI F                                                                                 | CUSIP: 78457JAQ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    210000 | PA      | $205057.99    | 0.15%             | 2039-01-15      | Floating      | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Wynn Resorts Finance Llc / Wynn Resorts Capital Corp                                | WYNFIN 7.125 02/15/31 144A                                                                       | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $53693.65     | 0.04%             | 2031-02-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| U.S. Renal Care Inc.                                                                | USRENA 10.625 06/28/28 144a                                                                      | CUSIP: 90355YAA5<br>LEI: 54930058SS5MF69JGN89 | Long             | DBT              | CORP              | US        |     52500 | PA      | $45675.00     | 0.03%             | 2028-06-28      | Fixed         | 10.62%                | Yes           |                  2 | On Loan: No      |
| LifePoint Health, Inc                                                               | RGCARE 9.875 08/15/30 144A                                                                       | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    120000 | PA      | $129553.56    | 0.09%             | 2030-08-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust 2022-NQM3                                           | BRAVO 2022-NQM1 A1                                                                               | CUSIP: 10569FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    139533 | PA      | $138092.84    | 0.10%             | 2061-09-25      | Variable      | 3.63%                 | Yes           |                  2 | On Loan: No      |
| MF1 2022-FL9 LLC                                                                    | MF1 2022-FL9 A                                                                                   | CUSIP: 55285AAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    205497 | PA      | $205663.14    | 0.15%             | 2037-06-19      | Floating      | 6.15%                 | Yes           |                  2 | On Loan: No      |
| Secretaria Do Tesouro Nacional                                                      | BLTN 0 01/01/26 LTN                                                                              | CUSIP: P8T60NES6<br>LEI: N/A                  | Long             | DBT              | NUSS              | BR        |    114000 | PA      | $20713.96     | 0.01%             | 2026-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                   | INTC 5.7 02/10/53                                                                                | CUSIP: 458140CJ7<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28841.93     | 0.02%             | 2053-02-10      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Internet Brands                                                                     | Internet Brands Term Loan B 425 2028-04-10                                                       | CUSIP: 45567YAN5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |     99704 | PA      | $90444.86     | 0.06%             | 2028-04-25      | Floating      | 9.24%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | FN FS5313                                                                                        | CUSIP: 3140XL3X4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     81256 | PA      | $76195.38     | 0.05%             | 2050-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TKC Holdings Inc.                                                                   | TKCHOL 6.875 05/15/28 144A                                                                       | CUSIP: 87256YAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $90752.85     | 0.06%             | 2028-05-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Symphony CLO XXV Ltd.                                                               | SYMP 2021-25A D                                                                                  | CUSIP: 87167WAJ4<br>LEI: 5493006CLZCEH6WYKR81 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $247925.65    | 0.18%             | 2034-04-19      | Floating      | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Sedgwick CMS                                                                        | Sedgwick CMS Term Loan B 250 2031-07-01                                                          | CUSIP: 81527CAP2<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |     92909 | PA      | $92867.83     | 0.07%             | 2028-02-17      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| Edison International                                                                | EIX V5.375 PERP A                                                                                | CUSIP: 281020AS6<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    110000 | PA      | $108908.49    | 0.08%             | 2049-12-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| DISH Network Corporation                                                            | DISH 11.75 11/15/27 144A                                                                         | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |    160000 | PA      | $168445.28    | 0.12%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| American Airlines, Inc.                                                             | AAL 7.25 02/15/28 144A                                                                           | CUSIP: 023771T32<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $40927.90     | 0.03%             | 2028-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| Noble Finance II LLC.                                                               | NEFINA 8 04/15/30 144A                                                                           | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $72649.01     | 0.05%             | 2030-04-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Inter-American Development Bank                                                     | IADB 7.35 10/06/30 GMTN                                                                          | CUSIP: U4582NMK7<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |  18000000 | PA      | $208755.85    | 0.15%             | 2030-10-06      | Fixed         | 7.35%                 | Yes           |                  2 | On Loan: No      |
| Cook Park Clo Ltd                                                                   | COOK 2018-1A D                                                                                   | CUSIP: 21623PAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250573.68    | 0.18%             | 2030-04-17      | Floating      | 6.74%                 | Yes           |                  2 | On Loan: No      |
| Goodleap Sustainable Home Solutions Trust 2021-3                                    | GOOD 2021-3CS C                                                                                  | CUSIP: 382371AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    441959 | PA      | $233761.05    | 0.17%             | 2048-05-20      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| KREF 2022-FL3                                                                       | KREF 2022-FL3 D                                                                                  | CUSIP: 48275EAJ5<br>LEI: 549300DG0FGL1EU1CT79 | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $148531.68    | 0.11%             | 2039-02-17      | Floating      | 6.80%                 | Yes           |                  2 | On Loan: No      |
| MTN COML MTG TR 2022-LPFL                                                           | MTN 2022-LPFL F                                                                                  | CUSIP: 62475WAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $199791.32    | 0.14%             | 2039-03-15      | Floating      | 9.32%                 | Yes           |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FDG TR 2022-NQM2                                                  | BRAVO 2022-NQM2 A1                                                                               | CUSIP: 10568KAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100346 | PA      | $100213.44    | 0.07%             | 2061-11-25      | Variable      | 4.27%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | CAS 2022-R08 1M2                                                                                 | CUSIP: 20755DAB2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    200000 | PA      | $208181.10    | 0.15%             | 2042-07-25      | Floating      | 7.78%                 | Yes           |                  2 | On Loan: No      |
| EVERTEC                                                                             | EVERTEC Term Loan B 350 2030-09-24                                                               | CUSIP: U3000JAQ2<br>LEI: 54930056CPTQSUNQYB82 | Long             | LON              | CORP              | US        |     72000 | PA      | $72360.00     | 0.05%             | 2030-10-12      | Floating      | 8.89%                 | No            |                  2 | On Loan: No      |
| Osmose Utilities Services                                                           | Osmose Utilities Services Term Loan B 325 2028-05-31                                             | CUSIP: 68835HAH3<br>LEI: 549300FSLVHLFZ3S0D82 | Long             | LON              | CORP              | US        |     40000 | PA      | $38300.00     | 0.03%             | 2028-06-17      | Floating      | 3.37%                 | No            |                  2 | On Loan: No      |
| Bluemountain Clo XXIX Ltd / Bluemountain Clo XXIX LLC                               | BLUEM 2020-29A ER                                                                                | CUSIP: 09630LAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $245269.08    | 0.17%             | 2034-07-25      | Floating      | 10.98%                | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | FN MA4599                                                                                        | CUSIP: 31418EDD9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    162007 | PA      | $143863.17    | 0.10%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Angola (Republic of)                                                                | ANGOL 8.75 04/14/32 144A                                                                         | CUSIP: 035198AF7<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    210000 | PA      | $196869.29    | 0.14%             | 2032-04-14      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Permian Resources Operating, LLC                                                    | PR 7 01/15/32 144A                                                                               | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155617.95    | 0.11%             | 2032-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Austin Powder Holdings Company                                                      | Austin Powder Holdings Company Term Loan B 325 2031-07-21                                        | CUSIP: LX2390941<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     59550 | PA      | $59475.56     | 0.04%             | 2031-01-08      | Floating      | 8.49%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG Inc.                                                             | VENLNG 9.5 02/01/29 144A                                                                         | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     90000 | PA      | $96863.67     | 0.07%             | 2029-02-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Ryan LLC                                                                            | Ryan LLC Term Loan B 450 2030-10-22                                                              | CUSIP: 78350LAZ8<br>LEI: 549300TG86D8HZC6TE67 | Long             | LON              | CORP              | US        |    147402 | PA      | $146665.38    | 0.10%             | 2030-11-09      | Floating      | 9.87%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                                             | AAL 8.5 05/15/29 144A                                                                            | CUSIP: 023771T40<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $73029.74     | 0.05%             | 2029-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| R.R. Donnelley & Sons Co.                                                           | RRD 9.5 08/01/29 144A                                                                            | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |    130000 | PA      | $133291.60    | 0.10%             | 2029-08-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Permian Resources Operating, LLC                                                    | PR 6.25 02/01/33 144A                                                                            | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     90000 | PA      | $91568.79     | 0.07%             | 2033-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Rsc Acquisition Inc                                                                 | RSCIBI L 11/01/26 1                                                                              | CUSIP: 7299967S1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |         1 | PA      | $0.70         | 0.00%             | 2026-10-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG Inc.                                                             | VENLNG 9.875 02/01/32 144A                                                                       | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    140000 | PA      | $149541.28    | 0.11%             | 2032-02-01      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: —       |
| Jamaica (Government of)                                                             | JAMAN 9.625 11/03/30                                                                             | CUSIP: 470160CF7<br>LEI: 529900Y93KNSXZI8KK56 | Long             | DBT              | NUSS              | JM        |  10000000 | PA      | $65898.24     | 0.05%             | 2030-11-03      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO 2022-3 Ltd.                                                       | PLMRS 2022-3A D1R                                                                                | CUSIP: 69690ABC0<br>LEI: 5493000CAZ8VWJGUOH13 | Long             | ABS-CBDO         | CORP              | JE        |    150000 | PA      | $150374.07    | 0.11%             | 2037-07-20      | Floating      | 6.83%                 | Yes           |                  2 | On Loan: No      |
| Rsc Acquisition Inc                                                                 | RSCIBI L 11/01/26 1                                                                              | CUSIP: LX2082068<br>LEI: N/A                  | Long             | LON              | CORP              | US        |         0 | PA      | $0.01         | 0.00%             | 2026-10-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust 2019-Inv3                                                | VERUS 2023-8 A3                                                                                  | CUSIP: 92540DAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     54342 | PA      | $54985.47     | 0.04%             | 2068-12-25      | Variable      | 6.97%                 | Yes           |                  2 | On Loan: No      |
| GEO Group Inc                                                                       | GEO 10.25 04/15/31                                                                               | CUSIP: 36162JAH9<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |     90000 | PA      | $98559.27     | 0.07%             | 2031-04-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: —       |
| Intesa Sanpaolo S.p.A.                                                              | ISPIM 7.8 11/28/53 144A                                                                          | CUSIP: 46115HCF2<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    400000 | PA      | $495072.48    | 0.35%             | 2053-11-28      | Fixed         | 7.80%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2024-B                                                 | BX 2024-BIO2 D                                                                                   | CUSIP: 05613GAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $97250.34     | 0.07%             | 2041-08-13      | Variable      | 7.71%                 | Yes           |                  2 | On Loan: No      |
| CURRENCY CONTRACT - AUD                                                             | CURRENCY CONTRACT - AUD                                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -206019 | NC      | $-207.55      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CNH                                                             | CURRENCY CONTRACT - CNH                                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -44629 | NC      | $78.43        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CNH                                                             | CURRENCY CONTRACT - CNH                                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -167000 | NC      | $220.94       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - EUR                                                             | CURRENCY CONTRACT - EUR                                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -66465 | NC      | $-474.88      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - INR                                                             | CURRENCY CONTRACT - INR                                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -206259 | NC      | $-1693.15     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - JPY                                                             | CURRENCY CONTRACT - JPY                                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -247980 | NC      | $-5256.33     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                             | CURRENCY CONTRACT - USD                                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -1435330 | NC      | $1201.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                             | CURRENCY CONTRACT - USD                                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -2166356 | NC      | $990.03       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                             | CURRENCY CONTRACT - USD                                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        | -36930481 | NC      | $-427.17      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                             | CURRENCY CONTRACT - USD                                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -117642 | NC      | $3669.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                             | CURRENCY CONTRACT - USD                                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -2360 | NC      | $9.21         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                             | CURRENCY CONTRACT - USD                                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -560905 | NC      | $-158.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                             | CURRENCY CONTRACT - USD                                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -561214 | NC      | $-201.59      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                             | CURRENCY CONTRACT - USD                                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -1435330 | NC      | $1974.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                                         | Three-Month SOFR Futures,Dec-2026,ETH                                                            | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |        -3 | NC      | $-726600.00   | -0.52%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                              | US T-NOTE 10YR                                                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -6 | NC      | $-676031.25   | -0.48%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                              | US T-BOND 30YR                                                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        16 | NC      | $1877000.00   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                              | US T-BOND ULTRA                                                                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         2 | NC      | $242562.50    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                              | US T-NOTE 5YR                                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        53 | NC      | $5788179.69   | 4.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                                                                  | Long Gilt Future - ICEU - Dec25                                                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | GB        |         2 | NC      | $245977.22    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                              | US T-NOTE 2YR                                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         8 | NC      | $1665937.50   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurex                                                                               | FGBL Dec 2025                                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | DE        |         2 | NC      | $298282.78    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Sydney Futures Exchange                                                             | ASX 10 Year Treasury Bond Futures                                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | AU        |         7 | NC      | $520356.61    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| FXO USDCNY CALL 7.1745 13                                                           | FXO USDCNY CALL 7.1745 13                                                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | US        |    776000 | NC      | $28.63        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WTS. SPIRIT AIRLINES LLC                                                            | WTS. SPIRIT AIRLINES LLC                                                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      6153 | NC      | $86142.00     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Northern Institutional Funds                                                        | Northern Institutional Funds LIQ ASET PORTF                                                      | CUSIP: 665279105<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   3664248 | NS      | $3664248.00   | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                                                        | Northern Institutional Funds LIQ ASET PORTF                                                      | CUSIP: 665279105<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   1895616 | NS      | $1895615.87   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CDS_SN_CCP CAESARS ENTERTAIN INC 5% 20300620                                        | CDS_SN_CCP CAESARS ENTERTAIN INC 5% 20300620                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | XX        |     75000 | OU      | $6353.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CDS_SN_CCP MGM RESORTS INTL 4.75 5% 20300620                                        | CDS_SN_CCP MGM RESORTS INTL 4.75 5% 20300620                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | XX        |     75000 | OU      | $-9394.71     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CDS_IX_CCP CDX.NA.HY.45 5% 20301220                                                 | CDS_IX_CCP CDX.NA.HY.45 5% 20301220                                                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | XX        |    211700 | OU      | $-15509.48    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| OIS BRL RCV 10.23% PAY BZDIO1D 02-JAN-2029                                          | OIS BRL RCV 10.23% PAY BZDIO1D 02-JAN-2029                                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |   3493323 | OU      | $-87421.54    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP MXN RCV 8.902% PAY MXIBTIEF1D 16-NOV-2029                                   | OIS_CCP MXN RCV 8.902% PAY MXIBTIEF1D 16-NOV-2029                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |  20240000 | OU      | $66233.82     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| OIS BRL RCV 11.03% PAY BZDIO1D 02-JAN-2026                                          | OIS BRL RCV 11.03% PAY BZDIO1D 02-JAN-2026                                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |   4988414 | OU      | $-30358.76    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP MXN RCV 8.885% PAY MXIBTIEF1D 10-NOV-2034                                   | OIS_CCP MXN RCV 8.885% PAY MXIBTIEF1D 10-NOV-2034                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |   3550000 | OU      | $15542.67     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EQIX RCV WAM EM FRO PAY SOFR 1D 08-01-26                                            | EQIX RCV WAM EM FRO PAY SOFR 1D 08-01-26                                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      2835 | OU      | $19457.31     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

**Name of Applicant:** Morningstar Funds Trust

**Signature:** D. Scott Schilling

**Name of Signer:** D. Scott Schilling

**Title:** Chief Compliance Officer