# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0000940400-26-025028
**Filing Date:** 2026-6
**Character Count:** 145313
**Document Hash:** 488fb99066db6b4d80ee8058583e2539
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-025028.hdr.sgml**: 20260622

**ACCESSION NUMBER**: 0000940400-26-025028

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260622

**DATE AS OF CHANGE**: 20260622

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **CENTRAL INDEX KEY:** 0000885709

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06625
- **FILM NUMBER:** 261107526

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

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

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

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

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

## Series and Classes Contracts Data

### Payden Corporate Bond Fund (Series ID: S000025162)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000075033 | Payden Corporate Bond Fund (Investor Class) | PYACX           |
| C000236137 | Payden Corporate Bond Fund (SI Class)       | PYCTX           |
| C000248244 | Payden Corporate Bond Fund (Adviser Class)  | PYAYX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

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

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

- **a. Name of Series:** Payden Corporate Bond Fund

- **b. EDGAR series identifier (if any):** S000025162

- **c. LEI of Series:** 2EW633I7BZNQHGBO7W87

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-04-30

**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:** $390845309.32

**Total Liabilities:** $7058344.77

**Net Assets:** $383786964.55

**Cash Not Reported:** $2565021.97

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 199.00000000 | **5-Year:** 18449.00000000 | **10-Year:** 56214.00000000 | **30-Year:** 165176.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 4609.00000000 | **10-Year:** 3001.00000000 | **30-Year:** 6893.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000075033 | 1.16%                | -2.31%               | 0.60%                |
| Class ID C000236137 | 1.27%                | -2.30%               | 0.60%                |
| Class ID C000248244 | 1.23%                | -2.40%               | 0.57%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-494211.61              | $3367046.75                                |
| Month 2  | $-1505428.48             | $-8465631.50                               |
| Month 3  | $-104436.85              | $1147744.52                                |

**Designated Index Information**

- **Index Name:** BBG U.S. Corporate Investment Grade Index

- **Index Identifier:** LEH_CORP

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MORGAN STANLEY & CO. LLC                                                 | MXN/USD FORWARD                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $18013.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COLT 2025-6 MORTGAGE LOAN TRUST                                          | COLT 2025-6 A1                                         | CUSIP: 19689BAA1<br>LEI: 213800IXUWCX6RHIO921 | Long             | ABS-O            | CORP              | US        |   2101448 | PA      | $2114390.92   | 0.55%             | 2070-08-25      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                         | TMUS 5.7 01/15/56                                      | CUSIP: 87264ADY8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1227885.05   | 0.32%             | 2056-01-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| PAYDEN & RYGEL INVESTMENT GROUP (THE)                                    | Payden Emerging Markets Corporate Bond Fund            | CUSIP: 704329176<br>LEI: 549300QJNYRKYZS3P282 | Long             | EC               | RF                | US        |    589623 | NS      | $5182783.02   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON BANCSHARES INC                                                | HBAN V5.605 01/28/41                                   | CUSIP: 446150BL7<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1246372.50   | 0.32%             | 2041-01-28      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                           | MS V4.356 10/22/31 I                                   | CUSIP: 61748UAM4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1768383.77   | 0.46%             | 2031-10-22      | Fixed         | 4.36%                 | No            |                  2 | On Loan: No      |
| EQUINIX EUROPE 2 FINANCING CORP LLC                                      | EQIX 4.7 03/15/33                                      | CUSIP: 29390XAH7<br>LEI: 254900FSZR46BPMCKI50 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1053267.35   | 0.27%             | 2033-03-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| J.M. SMUCKER COMPANY (THE)                                               | SJM 6.5 11/15/43                                       | CUSIP: 832696AY4<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1103768.43   | 0.29%             | 2043-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                               | COF V4.722 01/30/32                                    | CUSIP: 14040HDP7<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1062466.36   | 0.28%             | 2032-01-30      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK LTD                                              | NAB 2.99 05/21/31 144A                                 | CUSIP: 632525AY7<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |   1175000 | PA      | $1073215.73   | 0.28%             | 2031-05-21      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPERATING COMPANY LLC                                           | GDDY 3.5 03/01/29 144A                                 | CUSIP: 38016LAC9<br>LEI: 5493005GJOH8HLL11157 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1037996.96   | 0.27%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                    | TFC V5.153 08/05/32 MTN                                | CUSIP: 89788MAT9<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1038700.58   | 0.27%             | 2032-08-05      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| AMERICAN UNIVERSITY                                                      | AMUNIV 3.672 04/01/49 2019                             | CUSIP: 030360AD3<br>LEI: 549300ZMGVN6I2E7LS27 | Long             | DBT              | CORP              | US        |   2185000 | PA      | $1627056.67   | 0.42%             | 2049-04-01      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATIONAL INFORMATION SERVICES INC                               | FIS 4.45 03/10/28                                      | CUSIP: 31620MCA2<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1371456.61   | 0.36%             | 2028-03-10      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                | AMGN 3.15 02/21/40                                     | CUSIP: 031162CR9<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1620000 | PA      | $1259742.63   | 0.33%             | 2040-02-21      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| AUGUSTAR LIFE INSURANCE COMPANY                                          | CONSTL 6.875 06/15/42 144A                             | CUSIP: 677412AF5<br>LEI: 549300WW3O2Q3BIJEF68 | Long             | DBT              | CORP              | US        |    515000 | PA      | $483617.72    | 0.13%             | 2042-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| CDW LLC                                                                  | CDW 5.55 08/22/34                                      | CUSIP: 12513GBL2<br>LEI: 549300RU2J599RPFD076 | Long             | DBT              | CORP              | US        |    750000 | PA      | $743332.14    | 0.19%             | 2034-08-22      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| BLUE OWL FINANCE LLC                                                     | OWL 6.25 04/18/34                                      | CUSIP: 09581JAT3<br>LEI: 254900OF2NO2GYFV5T41 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1329559.04   | 0.35%             | 2034-04-18      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ORANGE SA                                                                | ORAFP 9 03/01/31                                       | CUSIP: 35177PAL1<br>LEI: 969500MCOONR8990S771 | Long             | DBT              | CORP              | FR        |   1475000 | PA      | $1734575.21   | 0.45%             | 2031-03-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                                | AAPL 2.65 05/11/50                                     | CUSIP: 037833DW7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1305000 | PA      | $799601.43    | 0.21%             | 2050-05-11      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY SOUTH CAROLINA INC                                       | D 6.25 10/15/53                                        | CUSIP: 25731VAB0<br>LEI: 3QRVFYR22IUIEOORTK28 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1107368.87   | 0.29%             | 2053-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORP                                                            | MTB V5.295 04/18/36                                    | CUSIP: 55261FBA1<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1339216.21   | 0.35%             | 2036-04-18      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                                        | ES V6.35 08/15/56 B                                    | CUSIP: 30040WBD9<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    825000 | PA      | $825047.19    | 0.21%             | 2056-08-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| NXPT COMMERCIAL MORTGAGE TRUST 2024-STOR                                 | NXPT 2024-STOR A                                       | CUSIP: 67119YAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1477616.85   | 0.39%             | 2041-11-07      | Variable      | 4.46%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC & GAS COMPANY                                    | PEG 5.625 01/01/56 R                                   | CUSIP: 74456QCY0<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $983608.06    | 0.26%             | 2056-01-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| JUNIPER VALLEY PARK CLO LTD                                              | JNPPK 2023-1A ARR                                      | CUSIP: 48206KAY2<br>LEI: 213800ACSV8GAJ4CCO70 | Long             | ABS-CBDO         | CORP              | JE        |   2000000 | PA      | $1997924.00   | 0.52%             | 2036-07-21      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC (THE)                                             | WMB 8.75 03/15/32                                      | CUSIP: 969457BM1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    480000 | PA      | $571965.37    | 0.15%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENERGY PARTNERS LP                                         | KMI 6.55 09/15/40                                      | CUSIP: 494550BF2<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |    750000 | PA      | $808389.55    | 0.21%             | 2040-09-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-NQM10                | MSRM 2025-NQM10 A1                                     | CUSIP: 617955AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1853415 | PA      | $1850098.81   | 0.48%             | 2070-11-25      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP                                                        | H 5.75 03/30/32                                        | CUSIP: 448579AV4<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1190854.39   | 0.31%             | 2032-03-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                      | FITB V6.339 07/27/29                                   | CUSIP: 316773DK3<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    900000 | PA      | $932226.95    | 0.24%             | 2029-07-27      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                | AMGN 5.6 03/02/43                                      | CUSIP: 031162DS6<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $986966.04    | 0.26%             | 2043-03-02      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE & COMPANY                                                | JPM V5.502 01/24/36                                    | CUSIP: 46647PEW2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    950000 | PA      | $973172.64    | 0.25%             | 2036-01-24      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED EDISON COMPANY OF NEW YORK INC                              | ED 5.5 03/15/55                                        | CUSIP: 209111GN7<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |   1115000 | PA      | $1057532.77   | 0.28%             | 2055-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                                               | HUM 5.5 03/15/53                                       | CUSIP: 444859BX9<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    750000 | PA      | $655255.39    | 0.17%             | 2053-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ERAC USA FINANCE LLC                                                     | ENTERP 4.7 04/30/31 144A                               | CUSIP: 26884TBA9<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1272414.96   | 0.33%             | 2031-04-30      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PFP 2025-12 LTD                                                          | PFP 2025-12 A                                          | CUSIP: 69382JAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1655000 | PA      | $1659188.97   | 0.43%             | 2042-12-18      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| RWE FINANCE US LLC                                                       | RWE 5.875 04/16/34 144A                                | CUSIP: 749983AA0<br>LEI: 529900J7MYLKI84UP772 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1500898.61   | 0.39%             | 2034-04-16      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NUVEEN LLC                                                               | TIAAGL 5.85 04/15/34 144A                              | CUSIP: 67080LAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    550000 | PA      | $568362.34    | 0.15%             | 2034-04-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| JABIL INC                                                                | JBL 4.75 02/01/33                                      | CUSIP: 46656PAD6<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |   1540000 | PA      | $1500368.30   | 0.39%             | 2033-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FORTRESS INTERMEDIATE 3 INC                                              | PSDO 7.5 06/01/31 144A                                 | CUSIP: 34966MAA0<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | DBT              | CORP              | US        |    425000 | PA      | $429774.03    | 0.11%             | 2031-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                             | AVGO 4.9 07/15/32                                      | CUSIP: 11135FCL3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    920000 | PA      | $929132.31    | 0.24%             | 2032-07-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                              | ORCL 4.8 09/26/32                                      | CUSIP: 68389XDK8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1660000 | PA      | $1579059.38   | 0.41%             | 2032-09-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SNF GROUP SA                                                             | SNFF 5.626 03/31/31 144A                               | CUSIP: 784944AA8<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |    950000 | PA      | $963331.99    | 0.25%             | 2031-03-31      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                              | ORCL 6.5 04/15/38                                      | CUSIP: 68389XAE5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001915.93   | 0.26%             | 2038-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                       | ET 4.55 01/15/31                                       | CUSIP: 29273VBJ8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1090527.86   | 0.28%             | 2031-01-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP                                                           | GLPI 5.25 02/15/33                                     | CUSIP: 361841AV1<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |   1435000 | PA      | $1412233.87   | 0.37%             | 2033-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OLD NATIONAL BANCORP                                                     | ONB 5.875 09/29/26                                     | CUSIP: 320867AC8<br>LEI: 549300MMK90CL5KMVX16 | Long             | DBT              | CORP              | US        |    970000 | PA      | $971504.64    | 0.25%             | 2026-09-29      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY                               | NWMLIC 6.17 05/29/55 144A                              | CUSIP: 668138AF7<br>LEI: 1DU7IM20QESYGDO4HO54 | Long             | DBT              | CORP              | US        |   1510000 | PA      | $1561148.09   | 0.41%             | 2055-05-29      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| NETAPP INC                                                               | NTAP 5.5 03/17/32                                      | CUSIP: 64110DAM6<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | DBT              | CORP              | US        |   1155000 | PA      | $1182346.33   | 0.31%             | 2032-03-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                           | MS V1.928 04/28/32 MTN                                 | CUSIP: 6174468X0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $891609.22    | 0.23%             | 2032-04-28      | Fixed         | 1.93%                 | No            |                  2 | On Loan: No      |
| TUCSON ELECTRIC POWER COMPANY                                            | FTSCN 5.5 04/15/53                                     | CUSIP: 898813AV2<br>LEI: YLF139GXSRKPBBTNZL03 | Long             | DBT              | CORP              | US        |    585000 | PA      | $553671.89    | 0.14%             | 2053-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                     | BAC V2.651 03/11/32 N                                  | CUSIP: 06051GJP5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1585000 | PA      | $1440962.38   | 0.38%             | 2032-03-11      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                                       | ROSW 5.218 03/08/54 144A                               | CUSIP: 771196CM2<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |    950000 | PA      | $903407.36    | 0.24%             | 2054-03-08      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE & COMPANY                                                | JPM V3.109 04/22/51                                    | CUSIP: 46647PBN5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    910000 | PA      | $598480.91    | 0.16%             | 2051-04-22      | Fixed         | 3.11%                 | No            |                  2 | On Loan: No      |
| REPSOL E&P CAPITAL MARKETS US LLC                                        | REPSEP 5.204 09/16/30 144A                             | CUSIP: 76026AAB3<br>LEI: 894500D0J12FRZ3Q0M15 | Long             | DBT              | CORP              | US        |   1010000 | PA      | $1022928.83   | 0.27%             | 2030-09-16      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2026-CES1                                            | RCKT 2026-CES1 A1A                                     | CUSIP: 74939BAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2056300 | PA      | $2040773.95   | 0.53%             | 2056-01-25      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| SALESFORCE INC                                                           | CRM 4.5 03/15/28                                       | CUSIP: 79466LAQ7<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |   1095000 | PA      | $1096284.68   | 0.29%             | 2028-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS PRIVATE CREDIT CORP                                        | GSCRED 5.375 01/31/29 144A                             | CUSIP: 38152BAE1<br>LEI: 549300TD27G6372IYJ65 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1358138.42   | 0.35%             | 2029-01-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LOWE'S COMPANIES INC                                                     | LOW 5.125 04/15/50                                     | CUSIP: 548661DW4<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1184277.81   | 0.31%             | 2050-04-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                                         | BMO V4.439 01/14/32 J                                  | CUSIP: 06368ME67<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    850000 | PA      | $838727.61    | 0.22%             | 2032-01-14      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2023-8                                        | VERUS 2026-3 A1                                        | CUSIP: 92490HAE6<br>LEI: 213800DTJD5UKJR53O34 | Long             | ABS-O            | CORP              | US        |   1494650 | PA      | $1491832.56   | 0.39%             | 2071-03-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP                                                    | NSC 5.35 08/01/54                                      | CUSIP: 655844CS5<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |   1470000 | PA      | $1374724.36   | 0.36%             | 2054-08-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                                                  | SPG 6.65 01/15/54                                      | CUSIP: 828807DX2<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |    875000 | PA      | $968996.19    | 0.25%             | 2054-01-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY TRANSMISSION LLC                                             | FE 4.75 01/15/33                                       | CUSIP: 33767BAK5<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1707628.46   | 0.44%             | 2033-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                           | MS V5.32 07/19/35                                      | CUSIP: 61747YFT7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1335997.77   | 0.35%             | 2035-07-19      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE INSURANCE COMPANY                                          | NYLIFE 6.75 11/15/39 144A                              | CUSIP: 64952GAF5<br>LEI: TAE73CY392TBWJ3O3305 | Long             | DBT              | CORP              | US        |    500000 | PA      | $558561.02    | 0.15%             | 2039-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FIRST INDUSTRIAL LP                                                      | FR 5.25 01/15/31                                       | CUSIP: 32055RAS6<br>LEI: 86MKNB3IKYZZT3E3OV11 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1039190.28   | 0.27%             | 2031-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HPS CORPORATE LENDING FUND                                               | HLEND 5.45 01/14/28                                    | CUSIP: 40440VAH8<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |    925000 | PA      | $922896.15    | 0.24%             | 2028-01-14      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| HARVARD UNIVERSITY - PRESIDENT AND FELLOWS OF THE COLLEGE                | HARVRD 2.517 10/15/50                                  | CUSIP: 740816AP8<br>LEI: 6S3X7J22E861RNTJSA74 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $709157.29    | 0.18%             | 2050-10-15      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| AREIT 2024-CRE9 LTD                                                      | AREIT 2024-CRE9 A                                      | CUSIP: 00193AAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    142496 | PA      | $142690.11    | 0.04%             | 2041-05-17      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                                                       | MQGAU V5.642 08/13/36 144A                             | CUSIP: 556079AG6<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |    825000 | PA      | $824834.62    | 0.21%             | 2036-08-13      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| ARCELORMITTAL SA                                                         | MTNA 6 06/17/34                                        | CUSIP: 03938LBG8<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |    635000 | PA      | $671389.03    | 0.17%             | 2034-06-17      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| BANK OF NEW YORK MELLON CORP (THE)                                       | BK V4.54 04/23/32                                      | CUSIP: 06406RCL9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    775000 | PA      | $772203.95    | 0.20%             | 2032-04-23      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| GEORGETOWN UNIVERSITY                                                    | GTOWNU 4.315 04/01/49 B                                | CUSIP: 37310PAC5<br>LEI: 549300GCL3B0KVXSX752 | Long             | DBT              | CORP              | US        |   1540000 | PA      | $1270907.45   | 0.33%             | 2049-04-01      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| SALESFORCE INC                                                           | CRM 4.65 03/15/29                                      | CUSIP: 79466LAR5<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1092309.63   | 0.28%             | 2029-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-NQM8                 | MSRM 2025-NQM8 A1                                      | CUSIP: 61779QAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1308253 | PA      | $1303720.64   | 0.34%             | 2070-09-25      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                                            | GS V4.939 10/21/36                                     | CUSIP: 38141GD43<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1140288.66   | 0.30%             | 2036-10-21      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2023-DNA1                                  | STACR 2023-DNA1 M1A                                    | CUSIP: 35564KP37<br>LEI: 5493000IRILHAKSCHN59 | Long             | ABS-O            | USGSE             | US        |   1250886 | PA      | $1265724.71   | 0.33%             | 2043-03-25      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                 | T 3.65 09/15/59                                        | CUSIP: 00206RLV2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $1791722.63   | 0.47%             | 2059-09-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| DOC DR LLC                                                               | DOC 2.625 11/01/31                                     | CUSIP: 71951QAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1050000 | PA      | $934933.13    | 0.24%             | 2031-11-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL PLC                                               | AALLN 5.75 04/05/34 144A                               | CUSIP: 034863BE9<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |   1075000 | PA      | $1109446.78   | 0.29%             | 2034-04-05      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                             | AVGO 5.7 01/15/56                                      | CUSIP: 11135FDD0<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1094341.34   | 0.29%             | 2056-01-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                           | MS V5.948 01/19/38                                     | CUSIP: 61747YFB6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1468539.18   | 0.38%             | 2038-01-19      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| VB-S1 ISSUER LLC                                                         | VBTEL 2022-1A D                                        | CUSIP: 91823AAY7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2350000 | PA      | $2319598.76   | 0.60%             | 2052-02-15      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| NORTHERN STATES POWER COMPANY (MINNESOTA)                                | XEL 5.1 05/15/53                                       | CUSIP: 665772CX5<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |    900000 | PA      | $815634.93    | 0.21%             | 2053-05-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                                             | NI 5.65 02/01/45                                       | CUSIP: 65473QBD4<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $971941.16    | 0.25%             | 2045-02-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| UNUM GROUP                                                               | UNM 6 06/15/54                                         | CUSIP: 91529YAT3<br>LEI: 549300E32YFDO6TZ8R31 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1268805.99   | 0.33%             | 2054-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK (THE)                                              | TD V6.35 10/31/85                                      | CUSIP: 89116C4H7<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1475000 | PA      | $1485845.68   | 0.39%             | 2085-10-31      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| MERITAGE HOMES CORP                                                      | MTH 5.65 03/15/35                                      | CUSIP: 59001ABG6<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |   1070000 | PA      | $1079631.50   | 0.28%             | 2035-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| COCA-COLA COMPANY (THE)                                                  | KO 2.6 06/01/50                                        | CUSIP: 191216CX6<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |   1320000 | PA      | $803745.62    | 0.21%             | 2050-06-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CREDIT FUND                                           | BCRED 2.625 12/15/26                                   | CUSIP: 09261HAD9<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1232046.06   | 0.32%             | 2026-12-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                                                 | PRU V6.5 03/15/54                                      | CUSIP: 744320BP6<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    675000 | PA      | $697250.70    | 0.18%             | 2054-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                           | AMZN 3.1 05/12/51                                      | CUSIP: 023135CB0<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1134847.05   | 0.30%             | 2051-05-12      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| CROSS 2025-H6 MORTGAGE TRUST                                             | CROSS 2025-H6 A1                                       | CUSIP: 22758TAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1925232 | PA      | $1926961.16   | 0.50%             | 2070-07-25      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA INC                                               | SANUSA V6.342 05/31/35                                 | CUSIP: 80282KBL9<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1370466.05   | 0.36%             | 2035-05-31      | Fixed         | 6.34%                 | No            |                  2 | On Loan: —       |
| CATURUS ENERGY LLC                                                       | KTGLLC 7.125 05/15/31 144A                             | CUSIP: 149482AA9<br>LEI: 254900LM244SIFQ1QY31 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1179709.26   | 0.31%             | 2031-05-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                           | AMZN 4 03/13/29                                        | CUSIP: 023135DC7<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    955000 | PA      | $948400.99    | 0.25%             | 2029-03-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| F&G ANNUITIES & LIFE INC                                                 | FG 6.5 06/04/29                                        | CUSIP: 30190AAF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1020000 | PA      | $1032481.66   | 0.27%             | 2029-06-04      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FAIRFAX FINANCIAL HOLDINGS LTD                                           | FFHCN 6.35 03/22/54                                    | CUSIP: 303901BR2<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |   1150000 | PA      | $1171380.16   | 0.31%             | 2054-03-22      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE COMPANY                                       | HPE 5.6 10/15/54                                       | CUSIP: 42824CBW8<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   1675000 | PA      | $1514117.14   | 0.39%             | 2054-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| METRONET INFRASTRUCTURE ISSUER LLC                                       | MNET 2026-1A A2                                        | CUSIP: 59170JBK3<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2008422.00   | 0.52%             | 2056-04-20      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2024-MDHS                                   | BX 2024-MDHS A                                         | CUSIP: 12433BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    818982 | PA      | $820166.52    | 0.21%             | 2041-05-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE & COMPANY                                                | JPM V3.109 04/22/41                                    | CUSIP: 46647PBM7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    915000 | PA      | $700821.28    | 0.18%             | 2041-04-22      | Fixed         | 3.11%                 | No            |                  2 | On Loan: No      |
| WEA FINANCE LLC                                                          | URWFP 4.125 09/20/28 144A                              | CUSIP: 92928QAE8<br>LEI: 3CYEJKBUJZO3UW777J80 | Long             | DBT              | CORP              | US        |    770000 | PA      | $760665.50    | 0.20%             | 2028-09-20      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                    | CAS 2022-R02 2B1                                       | CUSIP: 20754BAF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1345000 | PA      | $1376210.05   | 0.36%             | 2042-01-27      | Floating      | 8.15%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                                        | ARCC 5.95 07/15/29                                     | CUSIP: 04010LBG7<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2573144.06   | 0.67%             | 2029-07-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB COMPANY                                             | BMY 4.25 10/26/49                                      | CUSIP: 110122CR7<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1304002.96   | 0.34%             | 2049-10-26      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ENACT HOLDINGS INC                                                       | ACT 6.25 05/28/29                                      | CUSIP: 29249EAA7<br>LEI: 9845003CA5664B741N19 | Long             | DBT              | CORP              | US        |    875000 | PA      | $904651.88    | 0.24%             | 2029-05-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| DOMINO'S PIZZA INC                                                       | DPABS 2021-1A A2I                                      | CUSIP: 25755TAN0<br>LEI: 25490005ZWM1IF9UXU57 | Long             | ABS-O            | CORP              | US        |    875250 | PA      | $830971.63    | 0.22%             | 2051-04-25      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES11                                           | RCKT 2025-CES11 A1A                                    | CUSIP: 749423AA7<br>LEI: 254900BTBXWWIQBK4D47 | Long             | ABS-O            | CORP              | US        |   1568337 | PA      | $1562260.02   | 0.41%             | 2055-11-25      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                               | ZAR/USD FORWARD                                        | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $35521.64     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HPS CORPORATE LENDING FUND                                               | HLEND 5.3 06/05/27                                     | CUSIP: 40440VAX3<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |    945000 | PA      | $941499.22    | 0.25%             | 2027-06-05      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FINANCIAL SERVICES US CORP                                    | STLA 4.95 09/15/28 144A                                | CUSIP: 85855FAA1<br>LEI: 5493000KNKFDOC1BOW59 | Long             | DBT              | CORP              | US        |    570000 | PA      | $568061.52    | 0.15%             | 2028-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                                   | FANG 3.125 03/24/31                                    | CUSIP: 25278XAR0<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1403186.63   | 0.37%             | 2031-03-24      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| KEHE DISTRIBUTORS LLC                                                    | KEHEFO 7.125 04/30/33 144A                             | CUSIP: 487930AA7<br>LEI: 549300WQCH7SRQ8JKE47 | Long             | DBT              | CORP              | US        |    435000 | PA      | $440590.77    | 0.11%             | 2033-04-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                            | VST 5.25 10/15/35 144A                                 | CUSIP: 92840VAW2<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   2050000 | PA      | $1990625.46   | 0.52%             | 2035-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                              | ORCL 6.7 02/04/56                                      | CUSIP: 68389XEB7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    785000 | PA      | $724036.71    | 0.19%             | 2056-02-04      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| TD SYNNEX CORP                                                           | SNX 5.3 10/10/35                                       | CUSIP: 87162WAN0<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |   1295000 | PA      | $1269235.81   | 0.33%             | 2035-10-10      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP                                                    | OBDC 2.625 01/15/27                                    | CUSIP: 69121KAF1<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    931000 | PA      | $914382.27    | 0.24%             | 2027-01-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                            | F 6.05 03/05/31                                        | CUSIP: 345397E25<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2035786.28   | 0.53%             | 2031-03-05      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| ARTHUR J. GALLAGHER & COMPANY                                            | AJG 5.55 02/15/55                                      | CUSIP: 04316JAP4<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1186467.93   | 0.31%             | 2055-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                     | BAC V5.489 04/23/37                                    | CUSIP: 06051GNC9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1939501.61   | 0.51%             | 2037-04-23      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| ABBOTT LABORATORIES                                                      | ABT 5.5 03/15/56                                       | CUSIP: 002824BW9<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |   1220000 | PA      | $1180405.24   | 0.31%             | 2056-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES INC                                                 | ACI 5.5 03/31/31 144A                                  | CUSIP: 01309QAC2<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    855000 | PA      | $851319.06    | 0.22%             | 2031-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                            | C V5.449 06/11/35                                      | CUSIP: 172967PL9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1424746.46   | 0.37%             | 2035-06-11      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                      | FITB V5.631 01/29/32                                   | CUSIP: 316773DL1<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    470000 | PA      | $485326.33    | 0.13%             | 2032-01-29      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                                         | PARA 5.85 09/01/43                                     | CUSIP: 92553PAU6<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   1365000 | PA      | $1002851.25   | 0.26%             | 2043-09-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                             | GOOGL 2.05 08/15/50                                    | CUSIP: 02079KAF4<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $842750.04    | 0.22%             | 2050-08-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| TAKEDA PHARMACEUTICAL COMPANY LTD                                        | TACHEM 5.65 07/05/44                                   | CUSIP: 874060BL9<br>LEI: 549300ZLMVP4X0OGR454 | Long             | DBT              | CORP              | JP        |   1150000 | PA      | $1128776.26   | 0.29%             | 2044-07-05      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| NATIONAL FUEL GAS COMPANY                                                | NFG 5.5 03/15/30                                       | CUSIP: 636180BT7<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1378047.25   | 0.36%             | 2030-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE SECURED LENDING FUND                                          | BXSL 2.75 09/16/26                                     | CUSIP: 09261XAB8<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |    605000 | PA      | $599175.15    | 0.16%             | 2026-09-16      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                     | BAC V5.425 08/15/35 MTN                                | CUSIP: 06051GMB2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003846.03   | 0.26%             | 2035-08-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                                                       | RRX 6.05 04/15/28                                      | CUSIP: 758750AM5<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    825000 | PA      | $846009.33    | 0.22%             | 2028-04-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                              | ORCL 5.7 02/04/36                                      | CUSIP: 68389XDZ5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    505000 | PA      | $485230.47    | 0.13%             | 2036-02-04      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| COOPR RESIDENTIAL MORTGAGE TRUST 2026-CES1                               | COOPR 2026-CES1 A1A                                    | CUSIP: 21689GAA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | CORP              | US        |   1268522 | PA      | $1260248.55   | 0.33%             | 2061-01-01      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC (THE)                                   | PNC V4.812 10/21/32                                    | CUSIP: 693475CA1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1430000 | PA      | $1428422.85   | 0.37%             | 2032-10-21      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                                             | CABKSM V4.634 07/03/29 144A                            | CUSIP: 12803RAK0<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   1005000 | PA      | $1006102.20   | 0.26%             | 2029-07-03      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE & COMPANY                                                | JPM V5.576 07/23/36                                    | CUSIP: 46647PFC5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    950000 | PA      | $964240.86    | 0.25%             | 2036-07-23      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Lackawanna Energy Center LLC                                             | LACKAWANNA ENERGY CENTER                               | CUSIP: 000000000<br>LEI: 549300IW2LJBNY42EC59 | Long             | LON              | CORP              | US        |    121460 | PA      | $122067.14    | 0.03%             | 2032-08-05      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                                            | GS V5.734 01/28/56                                     | CUSIP: 38141GC51<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1805629.17   | 0.47%             | 2056-01-28      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| COLT 2025-11 MORTGAGE LOAN TRUST                                         | COLT 2025-11 A1                                        | CUSIP: 12676KAC7<br>LEI: 213800CETFGZSOQ6WF79 | Long             | ABS-O            | CORP              | US        |   1937250 | PA      | $1936548.81   | 0.50%             | 2070-11-25      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                            | C V3.057 01/25/33                                      | CUSIP: 17327CAQ6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1430000 | PA      | $1296371.32   | 0.34%             | 2033-01-25      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE TELEKOM INTERNATIONAL FINANCE BV                                | DT 8.25 06/15/30                                       | CUSIP: 25156PAC7<br>LEI: 529900ERDFHS6C1M4U58 | Long             | DBT              | CORP              | NL        |   1500000 | PA      | $1719427.58   | 0.45%             | 2030-06-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA (THE)                                                | BNS V4.813 02/02/34                                    | CUSIP: 06418GAZ0<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   1550000 | PA      | $1533402.52   | 0.40%             | 2034-02-02      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| VTR COMMERCIAL MORTGAGE TRUST 2025-STEM                                  | VTR 2025-STEM A                                        | CUSIP: 92890YAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1600000 | PA      | $1590578.56   | 0.41%             | 2039-10-14      | Variable      | 5.20%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2025-DELC                                                       | BX 2025-DELC A                                         | CUSIP: 05594MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1002493.80   | 0.26%             | 2042-12-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COMPANY (THE)                                                   | SO 4.4 07/01/46                                        | CUSIP: 842587CX3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1154395.51   | 0.30%             | 2046-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BOSTON GAS COMPANY                                                       | NGGLN 6.119 07/20/53 144A                              | CUSIP: 100743AN3<br>LEI: FN7P4E7K9JOBORDEUX61 | Long             | DBT              | CORP              | US        |    800000 | PA      | $790439.54    | 0.21%             | 2053-07-20      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE & COMPANY                                                | JPM V4.603 10/22/30                                    | CUSIP: 46647PEQ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1370000 | PA      | $1373709.28   | 0.36%             | 2030-10-22      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                               | FISV 5.375 08/21/28                                    | CUSIP: 337738BG2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   1455000 | PA      | $1475109.39   | 0.38%             | 2028-08-21      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS POWER & LIGHT COMPANY                                       | AES 5.7 04/01/54 144A                                  | CUSIP: 455434BW9<br>LEI: 2T85JNP2R2B2GTSFND21 | Long             | DBT              | CORP              | US        |    900000 | PA      | $870146.82    | 0.23%             | 2054-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPERATING PARTNERSHIP LP                                      | BDN 6.125 01/15/31                                     | CUSIP: 105340AT0<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $954926.49    | 0.25%             | 2031-01-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                                             | INTNED V5.525 03/25/36                                 | CUSIP: 456837BS1<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    850000 | PA      | $863092.81    | 0.22%             | 2036-03-25      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM16 TRUST                                                     | OBX 2025-NQM16 A1                                      | CUSIP: 67122DAC7<br>LEI: 254900WI6P4MRT24JH23 | Long             | ABS-O            | CORP              | US        |   1434082 | PA      | $1430004.00   | 0.37%             | 2065-08-25      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE MUTUAL INSURANCE COMPANY                                      | NATMUT 9.375 08/15/39 144A                             | CUSIP: 638671AK3<br>LEI: Z7LVXXWM8HZPKF5T2355 | Long             | DBT              | CORP              | US        |   1731000 | PA      | $2238645.94   | 0.58%             | 2039-08-15      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY FLORIDA LLC                                                  | DUK 5.95 11/15/52                                      | CUSIP: 26444HAN1<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2280666.69   | 0.59%             | 2052-11-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                             | UBS V5.199 08/10/37 144A                               | CUSIP: 225401BT4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1635000 | PA      | $1603918.96   | 0.42%             | 2037-08-10      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2024-VLT4                                                       | BX 2024-VLT4 A                                         | CUSIP: 05612TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1271338 | PA      | $1268813.51   | 0.33%             | 2041-06-17      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                                           | CVI 7.5 02/15/31 144A                                  | CUSIP: 12662PAH1<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1317196.40   | 0.34%             | 2031-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BRIXMOR OPERATING PARTNERSHIP LP                                         | BRX 5.2 04/01/32                                       | CUSIP: 11120VAN3<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |    950000 | PA      | $959371.88    | 0.25%             | 2032-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                                    | FABSJV 6.25 01/25/35                                   | CUSIP: 350930AD5<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   1675000 | PA      | $1770387.75   | 0.46%             | 2035-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                    | AAL 3.5 02/15/32 A                                     | CUSIP: 02378MAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1001520 | PA      | $919599.00    | 0.24%             | 2032-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KEYSPAN GAS EAST CORP                                                    | NGGLN 5.819 04/01/41 144A                              | CUSIP: 49338CAA1<br>LEI: K8TS3HOE1568DUBUJL44 | Long             | DBT              | CORP              | US        |    660000 | PA      | $659319.43    | 0.17%             | 2041-04-01      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                           | AMZN 5.8 03/13/56                                      | CUSIP: 023135DH6<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   1385000 | PA      | $1364128.12   | 0.36%             | 2056-03-13      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                             | BACR V5.86 08/11/46                                    | CUSIP: 06738EDE2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1185000 | PA      | $1174897.66   | 0.31%             | 2046-08-11      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORP                                                            | MTB V5.179 07/08/31                                    | CUSIP: 55261FAY0<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    870000 | PA      | $881428.99    | 0.23%             | 2031-07-08      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| CIMIC FINANCE (USA) PTY LTD                                              | CIMAU 7 03/25/34 144A                                  | CUSIP: 171873AB8<br>LEI: 213800GNWSV32LXHCZ50 | Long             | DBT              | CORP              | AU        |   1000000 | PA      | $1065032.88   | 0.28%             | 2034-03-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                                                              | VTRS 4 06/22/50                                        | CUSIP: 92556VAF3<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |   1820000 | PA      | $1208699.22   | 0.31%             | 2050-06-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST INC                                              | STWD 6.5 07/01/30 144A                                 | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1137884.31   | 0.30%             | 2030-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP LLC                                               | ACGCAP 4.875 01/28/33 144A                             | CUSIP: 05369AAU5<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    930000 | PA      | $900820.07    | 0.23%             | 2033-01-28      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AREIT 2025-CRE10 LTD                                                     | AREIT 2025-CRE10 A                                     | CUSIP: 00193DAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1300000 | PA      | $1299164.10   | 0.34%             | 2029-12-17      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                                            | GS V2.383 07/21/32                                     | CUSIP: 38141GYJ7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1151401.08   | 0.30%             | 2032-07-21      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY INC                                      | AEP V5.8 03/15/56 C                                    | CUSIP: 02557TAE9<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   1760000 | PA      | $1751302.61   | 0.46%             | 2056-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES INC                                                | HBAN V5.709 02/02/35                                   | CUSIP: 446150BD5<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    950000 | PA      | $972537.60    | 0.25%             | 2035-02-02      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2026-NQM1                 | MSRM 2026-NQM1 A1                                      | CUSIP: 61780XAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1285342 | PA      | $1277252.08   | 0.33%             | 2070-12-25      | Variable      | 4.81%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                             | UBS V4.151 12/23/29 144A                               | CUSIP: 225401BK3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1310000 | PA      | $1297117.05   | 0.34%             | 2029-12-23      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                   | EXR 5.4 02/01/34                                       | CUSIP: 30225VAS6<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |    760000 | PA      | $767011.14    | 0.20%             | 2034-02-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                                                   | MRVL 4.75 07/15/30                                     | CUSIP: 573874AR5<br>LEI: 254900WVU0BM7ZCJ9E93 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1029918.11   | 0.27%             | 2030-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS INC                                                | RCICN V7.125 04/15/55                                  | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    850000 | PA      | $877415.33    | 0.23%             | 2055-04-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                                | AAPL 3.95 08/08/52                                     | CUSIP: 037833EQ9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $931398.86    | 0.24%             | 2052-08-08      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE FINANCIAL SERVICES INC                                        | NATMUT 5.3 11/18/44 144A                               | CUSIP: 638612AL5<br>LEI: 5493001H7AZNDS6BKJ36 | Long             | DBT              | CORP              | US        |    725000 | PA      | $663981.18    | 0.17%             | 2044-11-18      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM7 TRUST                                                      | OBX 2025-NQM7 A1                                       | CUSIP: 67121DAA2<br>LEI: 2549008GB179CC65SK60 | Long             | ABS-O            | CORP              | US        |    833251 | PA      | $838841.83    | 0.22%             | 2055-05-25      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| INTERSTATE POWER AND LIGHT COMPANY                                       | LNT 5.6 06/29/35                                       | CUSIP: 461070AX2<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1027323.90   | 0.27%             | 2035-06-29      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                  | MPLX 6.1 04/01/56                                      | CUSIP: 55336VCF5<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    905000 | PA      | $880229.53    | 0.23%             | 2056-04-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                                       | BX 2024-XL5 A                                          | CUSIP: 05612GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1085032 | PA      | $1087341.34   | 0.28%             | 2041-03-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME CORP                                              | OCINCC 7.75 09/16/27 *                                 | CUSIP: 69120VAP6<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1298846.08   | 0.34%             | 2027-09-16      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS INC                                                    | BBWI 6.875 11/01/35                                    | CUSIP: 501797AL8<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    335000 | PA      | $330818.46    | 0.09%             | 2035-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                                  | KGS 5.875 04/01/31 144A                                | CUSIP: 50012LAF1<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    775000 | PA      | $780968.20    | 0.20%             | 2031-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| REXFORD INDUSTRIAL REALTY LP                                             | REXR 2.125 12/01/30                                    | CUSIP: 76169XAA2<br>LEI: 549300028US163ELJN70 | Long             | DBT              | CORP              | US        |   1875000 | PA      | $1657967.87   | 0.43%             | 2030-12-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                           | MS V5.073 01/30/37                                     | CUSIP: 61748UAT9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1272486.12   | 0.33%             | 2037-01-30      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| SYMETRA LIFE INSURANCE COMPANY                                           | SYA 6.55 10/01/55 144A                                 | CUSIP: 87151KAA7<br>LEI: 2CKADF5K7JYB5EG0VY36 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1064275.36   | 0.28%             | 2055-10-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| WESTERN-SOUTHERN GLOBAL FUNDING                                          | WSFIN 4.7 12/10/32 144A                                | CUSIP: 95954A2C6<br>LEI: 635400PFYEGVSGK4VB37 | Long             | DBT              | CORP              | US        |   2170000 | PA      | $2121990.64   | 0.55%             | 2032-12-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME CORP                                              | OCINCC 7.95 06/13/28                                   | CUSIP: 69120VBB6<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1236804.56   | 0.32%             | 2028-06-13      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| ROMANIA, REPUBLIC OF - MINISTRY OF FINANCE                               | ROMANI 5.75 07/04/36 144A                              | CUSIP: 775921AA7<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    786000 | PA      | $741437.92    | 0.19%             | 2036-07-04      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NRTH 2024-PARK MORTGAGE TRUST                                            | NRTH 2025-PARK A                                       | CUSIP: 669985AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1700000 | PA      | $1701310.02   | 0.44%             | 2040-10-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                                                    | NOC 4.65 07/15/30                                      | CUSIP: 666807CN0<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |   1285000 | PA      | $1292392.40   | 0.34%             | 2030-07-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BEACON FUNDING TRUST                                                     | LIBMUT 6.266 08/15/54                                  | CUSIP: 073952AB9<br>LEI: 984500A80A2EBF5A7C93 | Long             | DBT              | CORP              | US        |    600000 | PA      | $597487.05    | 0.16%             | 2054-08-15      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| ARCHROCK SERVICES LP / ARCHROCK PARTNERS FINANCE CORP                    | AROC 6 02/01/34 144A                                   | CUSIP: 03958CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    950000 | PA      | $956612.85    | 0.25%             | 2034-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & COMPANY                                                      | LLY 4.875 02/27/53                                     | CUSIP: 532457CG1<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    950000 | PA      | $844081.56    | 0.22%             | 2053-02-27      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SALESFORCE INC                                                           | CRM 6.55 03/15/56                                      | CUSIP: 79466LAW4<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    780000 | PA      | $775231.95    | 0.20%             | 2056-03-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                                            | CRWV 9 02/01/31 144A                                   | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1169018.73   | 0.30%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| VENTAS REALTY LP                                                         | VTR 5 01/15/35                                         | CUSIP: 92277GBA4<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1624706.01   | 0.42%             | 2035-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                                                       | VOD 5.75 06/28/54                                      | CUSIP: 92857WCA6<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    825000 | PA      | $783644.85    | 0.20%             | 2054-06-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                          | CVS 5.3 12/05/43                                       | CUSIP: 126650CD0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1697379.03   | 0.44%             | 2043-12-05      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BROOKLYN UNION GAS COMPANY (THE)                                         | NGGLN 6.415 07/18/54                                   | CUSIP: 114259AY0<br>LEI: 83BQ1DXS6VA5GZFK8S35 | Long             | DBT              | CORP              | US        |   1265000 | PA      | $1285197.33   | 0.33%             | 2054-07-18      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| INTERSTATE POWER AND LIGHT COMPANY                                       | LNT 5.45 09/30/54                                      | CUSIP: 461070AW4<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |    625000 | PA      | $582795.56    | 0.15%             | 2054-09-30      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC (FIN) COMPANY                                            | GBLATL 6.75 03/15/54 144A                              | CUSIP: 37959GAF4<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    450000 | PA      | $425491.51    | 0.11%             | 2054-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ATLAS WAREHOUSE LENDING COMPANY LP                                       | ATWALD 4.625 11/15/28                                  | CUSIP: 049463AF9<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |   2125000 | PA      | $2098529.92   | 0.55%             | 2028-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BASIN ELECTRIC POWER COOPERATIVE                                         | BASINE 4.75 04/26/47 144A                              | CUSIP: 070101AH3<br>LEI: 5493002CLOJ5KYT5GB16 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $903697.13    | 0.24%             | 2047-04-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                     | BAC V5.468 01/23/35                                    | CUSIP: 06051GMA4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1875000 | PA      | $1916219.91   | 0.50%             | 2035-01-23      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| KENTUCKY UTILITIES COMPANY                                               | PPL 5.85 08/15/55                                      | CUSIP: 491674BP1<br>LEI: AGX0G2MXE54NFNNICD28 | Long             | DBT              | CORP              | US        |    760000 | PA      | $753800.37    | 0.20%             | 2055-08-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| FORD FOUNDATION (THE)                                                    | FRDFND 2.815 06/01/70 2020                             | CUSIP: 34531XAC8<br>LEI: 54930013YZ3DULPNNT44 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $638803.48    | 0.17%             | 2070-06-01      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECHNOLOGIES INC                                           | GEHC 4.95 12/15/35                                     | CUSIP: 36266GAE7<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   1205000 | PA      | $1174788.46   | 0.31%             | 2035-12-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                            | C V6.625 PERP                                          | CUSIP: 172967QJ3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    900000 | PA      | $911562.17    | 0.24%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MAIN STREET CAPITAL CORP                                                 | MAIN 6.5 06/04/27                                      | CUSIP: 56035LAJ3<br>LEI: 5493001FS9QJLJNF3E20 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1163444.40   | 0.30%             | 2027-06-04      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                                                     | LMT 5.2 02/15/64                                       | CUSIP: 539830CE7<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $996091.33    | 0.26%             | 2064-02-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| PAYDEN & RYGEL INVESTMENT GROUP (THE)                                    | Payden Cash Reserves Money Market Fund                 | CUSIP: 704329598<br>LEI: 549300QJNYRKYZS3P282 | Long             | STIV             | RF                | US        |   7732732 | NS      | $7732732.05   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNCHRONY FINANCIAL                                                      | SYF V6 07/29/36                                        | CUSIP: 87165BAY9<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1020475.87   | 0.27%             | 2036-07-29      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                       | ET 5.2 04/01/30                                        | CUSIP: 29273VBD1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1328286.43   | 0.35%             | 2030-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MATTAMY GROUP CORP                                                       | MATHOM 6 12/15/33 144A                                 | CUSIP: 57701RAQ5<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |   1025000 | PA      | $985112.64    | 0.26%             | 2033-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                                                 | RTX 4.625 11/16/48                                     | CUSIP: 913017CX5<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1469667.48   | 0.38%             | 2048-11-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                   | Ultra U.S. Treasury Bond Futures, Jun-2026,ETH         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -33 | NC      | $178034.01    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARLES SCHWAB CORP (THE)                                                | SCHW V6.1 PERP L                                       | CUSIP: 808513CM5<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    945000 | PA      | $945721.42    | 0.25%             | N/A             | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                      | FITB V5.141 01/29/37                                   | CUSIP: 316773DP2<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1123444.26   | 0.29%             | 2037-01-29      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| SKYMILES IP LTD / DELTA AIR LINE INC                                     | DAL 4.75 10/20/28 144A                                 | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    812500 | PA      | $813314.66    | 0.21%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                                             | SNPS 5.7 04/01/55                                      | CUSIP: 871607AG2<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1129221.44   | 0.29%             | 2055-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                                               | PFE 4.875 11/15/35                                     | CUSIP: 717081FF5<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |   1855000 | PA      | $1837049.29   | 0.48%             | 2035-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                               | INTC 4.1 05/19/46                                      | CUSIP: 458140AV2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1003069.08   | 0.26%             | 2046-05-19      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| BURLINGTON NORTHERN SANTA FE LLC                                         | BNSF 5.8 03/15/56                                      | CUSIP: 12189LBM2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    960000 | PA      | $962441.32    | 0.25%             | 2056-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                                              | WMT 4.5 09/09/52                                       | CUSIP: 931142EZ2<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1209670.46   | 0.32%             | 2052-09-09      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                 | T 3.5 09/15/53                                         | CUSIP: 00206RKJ0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1859000 | PA      | $1204806.54   | 0.31%             | 2053-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                                     | GLENLN 5.893 04/04/54 144A                             | CUSIP: 378272BV9<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    800000 | PA      | $792160.05    | 0.21%             | 2054-04-04      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| HONEYWELL AEROSPACE INC                                                  | HONA 4.6 03/16/33 144A                                 | CUSIP: 43849RAF2<br>LEI: 213800ZUAQRBYL67JS90 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1185251.23   | 0.31%             | 2033-03-16      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| NATURE CONSERVANCY (THE)                                                 | NACONV 3.957 03/01/52 A                                | CUSIP: 63902HBF5<br>LEI: 549300GJ1IZME7V1JJ28 | Long             | DBT              | CORP              | US        |    785000 | PA      | $611849.75    | 0.16%             | 2052-03-01      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                              | SRGIM 5.75 05/28/35 144A                               | CUSIP: 83304JAB3<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    850000 | PA      | $874200.17    | 0.23%             | 2035-05-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC                                               | VZ 5.875 11/30/55                                      | CUSIP: 92343VHJ6<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2070000 | PA      | $2001888.02   | 0.52%             | 2055-11-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Cross 2026 NQM2 Mortgage Trust                                           | CROSS 2026-NQM3 A1                                     | CUSIP: 227925AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1901436 | PA      | $1899290.59   | 0.49%             | 2071-03-25      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| KEYBANK NA                                                               | KEY 5 01/26/33                                         | CUSIP: 49327M3H5<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1016548.31   | 0.26%             | 2033-01-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE INSURANCE COMPANY                                           | PACLIF 9.25 06/15/39 144A                              | CUSIP: 694475AA2<br>LEI: 8WC3XYHE06SQFW7CQK10 | Long             | DBT              | CORP              | US        |    450000 | PA      | $597585.31    | 0.16%             | 2039-06-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| SOFTBANK CORP                                                            | SOBKCO 5.332 07/09/35 144A                             | CUSIP: 83405KAB8<br>LEI: 353800M1YCTS9JRBJ535 | Long             | DBT              | CORP              | JP        |   1375000 | PA      | $1361975.53   | 0.35%             | 2035-07-09      | Fixed         | 5.33%                 | No            |                  2 | On Loan: —       |
| KILROY REALTY LP                                                         | KRC 5.875 10/15/35                                     | CUSIP: 49427RAT9<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              | CORP              | US        |    555000 | PA      | $539872.06    | 0.14%             | 2035-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LOANCORE 2025-CRE9 ISSUER LLC                                            | LNCR 2025-CRE9 A                                       | CUSIP: 538912AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1900000 | PA      | $1902236.49   | 0.50%             | 2042-08-18      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE GAS AND ELECTRIC COMPANY                                      | PPL 5.85 08/15/55 .                                    | CUSIP: 546676BA4<br>LEI: KO3GRIB3RPH1XDX50U72 | Long             | DBT              | CORP              | US        |    760000 | PA      | $755393.08    | 0.20%             | 2055-08-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                                          | DANBNK V5.705 03/01/30 144A                            | CUSIP: 23636ABH3<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   1025000 | PA      | $1053645.00   | 0.27%             | 2030-03-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| MERCK & COMPANY INC                                                      | MRK 2.35 06/24/40                                      | CUSIP: 58933YBA2<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $923017.11    | 0.24%             | 2040-06-24      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| ENTERGY ARKANSAS LLC                                                     | ETR 5.75 01/15/56                                      | CUSIP: 29366MAJ7<br>LEI: 549300A0I5ONUIFMLP35 | Long             | DBT              | CORP              | US        |    800000 | PA      | $779691.76    | 0.20%             | 2056-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                    | WFC 5.606 01/15/44                                     | CUSIP: 949746RF0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1198076.58   | 0.31%             | 2044-01-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| COOPR RESIDENTIAL MORTGAGE TRU                                           | COOPR 2025-CES4 A1A                                    | CUSIP: 12636SAA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | CORP              | US        |   1038142 | PA      | $1035123.54   | 0.27%             | 2060-11-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTERNATIONAL NV                                            | ENELIM 5.125 06/26/29 144A                             | CUSIP: 29278GBD9<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $1014857.53   | 0.26%             | 2029-06-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                                      | ELV 5.7 09/15/55                                       | CUSIP: 036752BL6<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1201060.39   | 0.31%             | 2055-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HEALTH                                                      | CATMED 4.975 09/01/35 2025                             | CUSIP: 20268JBD4<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1943629.22   | 0.51%             | 2035-09-01      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                           | MS V5.466 01/18/35                                     | CUSIP: 61747YFL4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    800000 | PA      | $815422.18    | 0.21%             | 2035-01-18      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TRUST GROUP INC                                          | SUMITR V5.416 09/11/36 144A                            | CUSIP: 86566AAA0<br>LEI: 353800P843RLCDBLNT17 | Long             | DBT              | CORP              | JP        |    875000 | PA      | $860709.47    | 0.22%             | 2036-09-11      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                  | MPLX 5.3 04/01/36                                      | CUSIP: 55336VCE8<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    770000 | PA      | $756702.39    | 0.20%             | 2036-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINANCIAL GROUP INC                                      | SUMIBK V5.57 01/15/47                                  | CUSIP: 86562MEG1<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   1025000 | PA      | $993989.00    | 0.26%             | 2047-01-15      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INSTITUTE OF TECHNOLOGY                                       | CALTEC 3.65 09/01/19                                   | CUSIP: 13034VAD6<br>LEI: 549300CITPNHOTVPHC04 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1150703.68   | 0.30%             | 2119-09-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| TEACHERS INSURANCE & ANNUITY ASSOCIATION OF AMERICA                      | TIAAGL 6.85 12/16/39 144A                              | CUSIP: 878091BC0<br>LEI: O06XD7BJ4EPXNABVFN69 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2243417.38   | 0.58%             | 2039-12-16      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINANCIAL COMPANY INC                                     | GM 6.15 07/15/35                                       | CUSIP: 37045XFK7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1249411.52   | 0.33%             | 2035-07-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES7                                            | RCKT 2026-CES3 A1A                                     | CUSIP: 74940LAA9<br>LEI: 254900E35NYYFOUTHD06 | Long             | ABS-O            | CORP              | US        |   1977956 | PA      | $1976720.89   | 0.52%             | 2056-03-25      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| INFINITY NATURAL RESOURCES LLC                                           | INFNAR 7.625 04/01/31 144A                             | CUSIP: 45690BAA3<br>LEI: 54930021094IFVB5ND43 | Long             | DBT              | CORP              | US        |   1535000 | PA      | $1561771.94   | 0.41%             | 2031-04-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                        | HSBC V5.741 09/10/36                                   | CUSIP: 404280FB0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1040000 | PA      | $1044948.07   | 0.27%             | 2036-09-10      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FINANCE AUTHORITY (MI)                                          | MI MISFIN 5.02 11/01/2043                              | CUSIP: 59447TSQ7<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1009220.70   | 0.26%             | 2043-11-01      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC (THE)                                   | PNC V6.037 10/28/33                                    | CUSIP: 693475BJ3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1214188.64   | 0.32%             | 2033-10-28      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                                             | CMCSA 5.35 05/15/53                                    | CUSIP: 20030NEF4<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    900000 | PA      | $790459.86    | 0.21%             | 2053-05-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| EOG RESOURCES INC                                                        | EOG 5 07/15/32                                         | CUSIP: 26875PAY7<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1495265.97   | 0.39%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                   | Ultra 10-Year U.S. Treasury Note Futures, Jun-2026,ETH | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -11 | NC      | $29524.88     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                                           | MS V5.314 01/18/41                                     | CUSIP: 61748UAP7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    810000 | PA      | $788622.73    | 0.21%             | 2041-01-18      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT INC                                             | APO 5.8 05/21/54                                       | CUSIP: 03769MAC0<br>LEI: 254900LMFT1CY9IYB476 | Long             | DBT              | CORP              | US        |    985000 | PA      | $934915.06    | 0.24%             | 2054-05-21      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                               | ABBV 4.4 03/15/33                                      | CUSIP: 00287YEF2<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1276581.11   | 0.33%             | 2033-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| UNION ELECTRIC COMPANY                                                   | AEE 5.125 03/15/55                                     | CUSIP: 906548CZ3<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1154922.58   | 0.30%             | 2055-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS LP                                              | LNG 5.2 07/30/36 144A                                  | CUSIP: 16411RAP4<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    775000 | PA      | $766467.49    | 0.20%             | 2036-07-30      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO LTD                                                      | NSANY 4.345 09/17/27 144A                              | CUSIP: 654744AC5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |   3275000 | PA      | $3238710.67   | 0.84%             | 2027-09-17      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| FRANKLIN BSP CAPITAL CORP                                                | FRBP 7.2 06/15/29                                      | CUSIP: 35250VAB0<br>LEI: 549300KJEVMKATLINB36 | Long             | DBT              | CORP              | US        |    800000 | PA      | $812852.61    | 0.21%             | 2029-06-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC                                                  | STGW 5.625 08/15/29 144A                               | CUSIP: 59565JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1380239.88   | 0.36%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CHOICE HOTELS INTERNATIONAL INC                                          | CHH 5.85 08/01/34                                      | CUSIP: 169905AH9<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1112602.66   | 0.29%             | 2034-08-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-11                                       | VERUS 2025-11 A1                                       | CUSIP: 924935AC3<br>LEI: 213800H1O4C5SRNN4B66 | Long             | ABS-O            | CORP              | US        |   1946022 | PA      | $1942041.79   | 0.51%             | 2070-11-25      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                   | 10-Year T-Note Futures, Jun-2026,ETH                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        88 | NC      | $-231992.50   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| MF1 2024-FL16 LLC                                                        | MF1 2024-FL16 A                                        | CUSIP: 55287EAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1700000 | PA      | $1704675.68   | 0.44%             | 2039-11-18      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                    | WFC 5.5 08/01/35                                       | CUSIP: 929903AM4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1011406.37   | 0.26%             | 2035-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MERCK & COMPANY INC                                                      | MRK 5.55 12/04/55                                      | CUSIP: 58933YCB9<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |   1010000 | PA      | $973947.25    | 0.25%             | 2055-12-04      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES HOLDING CO LLC                                        | CPGX 4.999 11/17/32 144A                               | CUSIP: 19828AAF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1514903.66   | 0.39%             | 2032-11-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENGIE SA                                                                 | ENGIFP 5.875 04/10/54 144A                             | CUSIP: 29286DAC9<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | DBT              | CORP              | FR        |    925000 | PA      | $900086.16    | 0.23%             | 2054-04-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KREF 2022-FL3 LTD                                                        | KREF 2022-FL3 A                                        | CUSIP: 48275EAA4<br>LEI: 549300DG0FGL1EU1CT79 | Long             | ABS-CBDO         | CORP              | KY        |    810435 | PA      | $812287.61    | 0.21%             | 2039-02-22      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                    | AAL 5.75 04/20/29 144A                                 | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1326867.06   | 0.35%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                             | BACR V5.207 02/24/37                                   | CUSIP: 06738EDK8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1025000 | PA      | $996510.37    | 0.26%             | 2037-02-24      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE & COMPANY                                                | JPM V5.766 04/22/35                                    | CUSIP: 46647PEH5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1210000 | PA      | $1261747.89   | 0.33%             | 2035-04-22      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| BOEING COMPANY (THE)                                                     | BA 6.858 05/01/54                                      | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1222717.94   | 0.32%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                   | U.S. Treasury Bond Futures, Jun-2026,ETH               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       136 | NC      | $-617395.12   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| CLECO POWER LLC                                                          | CNL 5.3 01/15/36 144A                                  | CUSIP: 185508AJ7<br>LEI: TM1ZH54SJKLNHFCBFK92 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1190877.44   | 0.31%             | 2036-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| UNDER ARMOUR INC                                                         | UA 7.25 07/15/30 144A                                  | CUSIP: 904311AD9<br>LEI: 549300D4549QKWETZ406 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1046736.15   | 0.27%             | 2030-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| BLACKSTONE SECURED LENDING FUND                                          | BXSL 5.3 06/30/30                                      | CUSIP: 09261XAK8<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |   1675000 | PA      | $1632492.79   | 0.43%             | 2030-06-30      | Fixed         | 5.30%                 | No            |                  2 | On Loan: —       |
| ABBVIE INC                                                               | ABBV 4.85 06/15/44                                     | CUSIP: 00287YDA4<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1231646.78   | 0.32%             | 2044-06-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WORLDWIDE INC                                       | ABIBB 8 11/15/39                                       | CUSIP: 03523TBJ6<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    740000 | PA      | $927559.46    | 0.24%             | 2039-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC                                          | BMCAUS 6.25 08/01/33 144A                              | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1475706.67   | 0.38%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                 | T 4.9 11/01/35                                         | CUSIP: 00206RNC2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1386909.14   | 0.36%             | 2035-11-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                             | GOOGL 5.65 02/15/56                                    | CUSIP: 02079KBP1<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   2060000 | PA      | $2021938.66   | 0.53%             | 2056-02-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| APOLLO DEBT SOLUTIONS BDC                                                | APODS 5.7 01/23/31 144A                                | CUSIP: 03770DAL7<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |    850000 | PA      | $835789.99    | 0.22%             | 2031-01-23      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                             | UBS V4.398 09/23/31 144A                               | CUSIP: 225401BM9<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    650000 | PA      | $638665.70    | 0.17%             | 2031-09-23      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                               | USD/ZAR FORWARD                                        | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $2350.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ICON INVESTMENTS SIX DAC                                                 | ICLR 6 05/08/34                                        | CUSIP: 45115AAC8<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |   1350000 | PA      | $1380211.65   | 0.36%             | 2034-05-08      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP LLC                                               | ACGCAP 5.125 04/10/30 144A                             | CUSIP: 05369AAS0<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1612180.82   | 0.42%             | 2030-04-10      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                       | ALLY V6.848 01/03/30                                   | CUSIP: 02005NBU3<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1462084.68   | 0.38%             | 2030-01-03      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2026-CES4                                            | RCKT 2026-CES4 A1A                                     | CUSIP: 74940CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1450000 | PA      | $1451367.35   | 0.38%             | 2056-04-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                                            | GS V5.851 04/25/35                                     | CUSIP: 38141GA95<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    775000 | PA      | $805285.51    | 0.21%             | 2035-04-25      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| CITADEL FINANCE LLC                                                      | CITADL 5.9 02/10/30 144A                               | CUSIP: 17287HAD2<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1008799.81   | 0.26%             | 2030-02-10      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD                                                       | ATH 6.25 04/01/54                                      | CUSIP: 04686JAH4<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1081243.07   | 0.28%             | 2054-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                            | C V5.612 03/04/56                                      | CUSIP: 17327CAY9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    900000 | PA      | $870071.36    | 0.23%             | 2056-03-04      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                    | WFC V4.96 01/23/37                                     | CUSIP: 95000U4E0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    860000 | PA      | $838186.34    | 0.22%             | 2037-01-23      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| DRIVEN BRANDS FUNDING LLC                                                | HONK 2025-1A A2                                        | CUSIP: 26209XAK7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1442750 | PA      | $1305901.56   | 0.34%             | 2055-10-20      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                   | 2-Year T-Note Futures, Jun-2026,ETH                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       106 | NC      | $-195957.48   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| ALLEGRO CLO XII LTD                                                      | ALLEG 2020-1A A1R                                      | CUSIP: 01750TAN6<br>LEI: 254900E0ZQX4DLP7HF87 | Long             | ABS-CBDO         | CORP              | KY        |   1900000 | PA      | $1902470.00   | 0.50%             | 2037-07-20      | Variable      | 5.11%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO         | MBONO 8.5 11/18/38 M                                   | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |  25000000 | PA      | $1325974.75   | 0.35%             | 2038-11-18      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                            | F 2.9 02/16/28                                         | CUSIP: 345397B51<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1733116.72   | 0.45%             | 2028-02-16      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS INC                                                | RCICN 5.45 10/01/43                                    | CUSIP: 775109AZ4<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   1550000 | PA      | $1438530.46   | 0.37%             | 2043-10-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                            | C V6.02 01/24/36                                       | CUSIP: 172967PU9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1181139.11   | 0.31%             | 2036-01-24      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                           | NRG 6 01/15/36 144A                                    | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    575000 | PA      | $571346.85    | 0.15%             | 2036-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LOW INCOME INVESTMENT FUND                                               | LOWINF 3.711 07/01/29 2019                             | CUSIP: 54750AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1155000 | PA      | $1123221.97   | 0.29%             | 2029-07-01      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                     | BAC V5.045 02/06/37                                    | CUSIP: 060505GR9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1010000 | PA      | $994773.99    | 0.26%             | 2037-02-06      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| JUNIPER NETWORKS INC                                                     | JNPR 2 12/10/30                                        | CUSIP: 48203RAP9<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | DBT              | CORP              | US        |   1115000 | PA      | $980063.36    | 0.26%             | 2030-12-10      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| COTY INC / HFC PRESTIGE PRODUCTS INC / HFC PRESTIGE INTERNATIONAL US LLC | COTY 6.625 07/15/30 144A                               | CUSIP: 22207AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    329000 | PA      | $332986.49    | 0.09%             | 2030-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                   | 5-Year T-Note Futures, Jun-2026,ETH                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       139 | NC      | $-267281.12   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| JAZZ SECURITIES DAC                                                      | JAZZ 4.375 01/15/29 144A                               | CUSIP: 47216FAA5<br>LEI: 6354009DV8VV7K6KOO02 | Long             | DBT              | CORP              | IE        |    550000 | PA      | $538206.90    | 0.14%             | 2029-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CROSS 2025-H7 MORTGAGE TRUST                                             | CROSS 2025-H7 A1                                       | CUSIP: 22757JAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450428 | PA      | $448924.56    | 0.12%             | 2070-09-25      | Variable      | 4.93%                 | No            |                  2 | On Loan: No      |
| FIRST AMERICAN FINANCIAL CORP                                            | FAF 2.4 08/15/31                                       | CUSIP: 31847RAH5<br>LEI: 549300B6VEZK3N0A1P55 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1213775.42   | 0.32%             | 2031-08-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                                     | FLTR 6.375 04/29/29 144a                               | CUSIP: 344045AA7<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    835000 | PA      | $849765.31    | 0.22%             | 2029-04-29      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NEVADA POWER COMPANY                                                     | BRKHEC 6 03/15/54                                      | CUSIP: 641423CG1<br>LEI: MJZFGXRJ52U8U4MKJ519 | Long             | DBT              | CORP              | US        |    610000 | PA      | $614078.24    | 0.16%             | 2054-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SALESFORCE INC                                                           | CRM 6.4 03/15/46                                       | CUSIP: 79466LAV6<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    825000 | PA      | $825215.33    | 0.22%             | 2046-03-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM14 TRUST                                                     | OBX 2024-NQM14 A1                                      | CUSIP: 67119XAC8<br>LEI: 254900C7ZCEHM7Y5MX79 | Long             | ABS-O            | CORP              | US        |    680210 | PA      | $680263.72    | 0.18%             | 2064-09-25      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                                                 | AXP V5.667 04/25/36                                    | CUSIP: 025816EH8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    925000 | PA      | $958426.48    | 0.25%             | 2036-04-25      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINANCIAL GROUP INC                                      | SUMIBK V5.334 03/03/41                                 | CUSIP: 86562MEK2<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    800000 | PA      | $780551.53    | 0.20%             | 2041-03-03      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                               | GSYCN 7.625 07/01/29 144A                              | CUSIP: 380355AJ6<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    650000 | PA      | $582997.09    | 0.15%             | 2029-07-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-22

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

**Signature:** Sandi Brents

**Name of Signer:** Sandi Brents

**Title:** Compliance Officer