# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0000940400-26-025019
**Filing Date:** 2026-6
**Character Count:** 118192
**Document Hash:** 30ffed0807aaa4d4d790231f8a61884f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-025019.hdr.sgml**: 20260622

**ACCESSION NUMBER**: 0000940400-26-025019

**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:** 261107516

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

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

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

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

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

## Series and Classes Contracts Data

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

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000032180 | Payden Low Duration Fund (Investor Class) | PYSBX           |
| C000236135 | Payden Low Duration Fund (SI Class)       | PYLDX           |
| C000248241 | Payden Low Duration Fund (Adviser Class)  | PYLWX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 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:** $788734977.34

**Total Liabilities:** $8298743.93

**Net Assets:** $780436233.41

**Delayed Delivery Securities:** $4600000.00

**Cash Not Reported:** $1601000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 20.00000000 | **1-Year:** 768.00000000 | **5-Year:** 49307.00000000 | **10-Year:** 9867.00000000 | **30-Year:** 33716.00000000

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

- **3-Month:** 13.00000000 | **1-Year:** 504.00000000 | **5-Year:** 5672.00000000 | **10-Year:** 2868.00000000 | **30-Year:** 11701.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000032180 | 0.54%                | -0.73%               | 0.27%                |
| Class ID C000236135 | 0.64%                | -0.73%               | 0.28%                |
| Class ID C000248241 | 0.51%                | -0.65%               | 0.40%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $290431.33               | $700652.41                                 |
| Month 2  | $483159.54               | $-7314161.37                               |
| Month 3  | $-157067.64              | $334258.76                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                     | Title                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHICAGO BOARD OF TRADE                                   | 2-Year T-Note Futures, Jun-2026,ETH                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      1261 | NC      | $-2179489.19  | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT     | T 3.75 05/15/28                                        | CUSIP: 91282CND9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2655000 | PA      | $2647895.80   | 0.34%             | 2028-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2017-4               | NRZT 2017-4A A1                                        | CUSIP: 64829NAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1020827 | PA      | $984652.34    | 0.13%             | 2057-05-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2014/1      | ACAR 2024-4 E                                          | CUSIP: 024945AJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3578218.70   | 0.46%             | 2032-04-12      | Fixed         | 7.19%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                             | SNPS 4.65 04/01/28                                     | CUSIP: 871607AB3<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   1960000 | PA      | $1972209.45   | 0.25%             | 2028-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| GREATAMERICA LEASING RECEIVABLES FUNDING LLC             | GALC 2025-1 A3                                         | CUSIP: 39154GAJ5<br>LEI: 549300JFP7GIDD4UWO79 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1003761.40   | 0.13%             | 2029-04-16      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-R1                       | VERUS 2024-R1 A1                                       | CUSIP: 924926AA6<br>LEI: 213800A8V9BALJ9WKP38 | Long             | ABS-O            | CORP              | US        |    967214 | PA      | $968595.12    | 0.12%             | 2069-09-25      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| ARI FLEET LEASE TRUST 2024-B                             | ARIFL 2024-B A3                                        | CUSIP: 04033HAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1400000 | PA      | $1417979.92   | 0.18%             | 2033-04-15      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-7                        | VERUS 2025-7 A1                                        | CUSIP: 924931AC2<br>LEI: 213800OVCAXDOBS94P47 | Long             | ABS-O            | CORP              | US        |   2915705 | PA      | $2921778.96   | 0.37%             | 2070-08-25      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| PARK INTERMEDIATE HOLDINGS LLC                           | PK 4.875 05/15/29 144A                                 | CUSIP: 70052LAC7<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |     80000 | PA      | $77866.20     | 0.01%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HOTWIRE FUNDING LLC                                      | HWIRE 2021-1 B                                         | CUSIP: 44148JAB5<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |   1900000 | PA      | $1876838.24   | 0.24%             | 2051-11-20      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                            | C V4.786 03/04/29                                      | CUSIP: 17327CAW3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4685000 | PA      | $4708208.08   | 0.60%             | 2029-03-04      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATING LLC                            | TERP 5 01/31/28 144A                                   | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1535632.59   | 0.20%             | 2028-01-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2024-VLT4                                       | BX 2024-VLT4 B                                         | CUSIP: 05612TAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3454200 | PA      | $3446285.39   | 0.44%             | 2041-06-17      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA (THE)                                | BNS V4.932 02/14/29                                    | CUSIP: 06418GAP2<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   4660000 | PA      | $4701327.16   | 0.60%             | 2029-02-14      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM16 TRUST                                     | OBX 2024-NQM16 A1                                      | CUSIP: 67120GAA6<br>LEI: 254900AIRPH5Q5COT575 | Long             | ABS-O            | CORP              | US        |    583368 | PA      | $587695.08    | 0.08%             | 2064-10-25      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| WHEELS FLEET LEASE FUNDING 1 LLC                         | WFLF 2025-1A A1                                        | CUSIP: 96328GCE5<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |   3529682 | PA      | $3546583.75   | 0.45%             | 2040-01-18      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                  | NACN V4.166 01/20/29                                   | CUSIP: 63307A3K9<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   2440000 | PA      | $2428076.01   | 0.31%             | 2029-01-20      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT     | T 3.875 03/31/28                                       | CUSIP: 91282CQH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $19996875.00  | 2.56%             | 2028-03-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                    | WFC V4.078 09/15/29                                    | CUSIP: 95000U4A8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3905000 | PA      | $3866161.73   | 0.50%             | 2029-09-15      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2024-R06             | CAS 2024-R06 1M2                                       | CUSIP: 20755RAC9<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    813878 | PA      | $815489.23    | 0.10%             | 2044-09-26      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| SALESFORCE INC                                           | CRM 4.5 03/15/28                                       | CUSIP: 79466LAQ7<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |   3545000 | PA      | $3549159.06   | 0.45%             | 2028-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HEALTH                                      | CATMED 6.073 11/01/27                                  | CUSIP: 20268JAK9<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |   3190000 | PA      | $3262181.21   | 0.42%             | 2027-11-01      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| CF 2019-CF1                                              | CF 2019-CF1 XA                                         | CUSIP: 12529MAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  21363117 | PA      | $477258.45    | 0.06%             | 2052-05-17      | Variable      | 1.27%                 | 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        |   1730000 | PA      | $1708785.06   | 0.22%             | 2029-01-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA7                  | STACR 2021-DNA7 B2                                     | CUSIP: 35564KNE5<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-O            | USGSE             | US        |   2141000 | PA      | $2214434.59   | 0.28%             | 2041-11-25      | Floating      | 11.45%                | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                            | VST 5.05 12/30/26 144A                                 | CUSIP: 92840VAT9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    580000 | PA      | $582503.86    | 0.07%             | 2026-12-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                               | COF V7.149 10/29/27                                    | CUSIP: 14040HDB8<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   2605000 | PA      | $2638463.20   | 0.34%             | 2027-10-29      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| CITIZENS BANK NA                                         | CFG V4.192 01/29/29                                    | CUSIP: 75524KSA3<br>LEI: DRMSV1Q0EKMEXLAU1P80 | Long             | DBT              | CORP              | US        |   1105000 | PA      | $1097572.59   | 0.14%             | 2029-01-29      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| BARINGS EQUIPMENT FINANCE LLC 2026-A                     | MMAF 2026-A A3                                         | CUSIP: 06764QAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4800000 | PA      | $4776405.12   | 0.61%             | 2033-07-13      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                            | CCL 5.75 03/15/30 144A                                 | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    795000 | PA      | $806959.98    | 0.10%             | 2030-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2022-2            | SDART 2026-1 A3                                        | CUSIP: 80288FAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8500000 | PA      | $8458935.65   | 1.08%             | 2030-07-15      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2013-A            | SDART 2024-2 B                                         | CUSIP: 80286YAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2520418.00   | 0.32%             | 2029-07-16      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2023-1             | WLAKE 2023-1A D                                        | CUSIP: 96042XAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4810000 | PA      | $4885786.36   | 0.63%             | 2028-11-15      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| GMF FLOORPLAN OWNER REVOLVING TRUST                      | GFORT 2024-4A A1                                       | CUSIP: 361886DQ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5150000 | PA      | $5192690.41   | 0.67%             | 2029-11-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| SALESFORCE INC                                           | CRM 4.65 03/15/29                                      | CUSIP: 79466LAR5<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |   4040000 | PA      | $4048560.48   | 0.52%             | 2029-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ROCKET MORTGAGE LLC / ROCKET MORTGAGE CO-ISSUER INC      | RKT 2.875 10/15/26 144A                                | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3350000 | PA      | $3329327.62   | 0.43%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                    | CAS 2022-R05 2B2                                       | CUSIP: 20754DAJ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   4500000 | PA      | $4741684.20   | 0.61%             | 2042-04-25      | Floating      | 10.65%                | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                                 | AXP V4.731 04/25/29                                    | CUSIP: 025816ED7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   2890000 | PA      | $2905837.55   | 0.37%             | 2029-04-25      | Fixed         | 4.73%                 | 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        |   1744337 | PA      | $1738294.19   | 0.22%             | 2070-09-25      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| ARTHUR J. GALLAGHER & COMPANY                            | AJG 4.6 12/15/27                                       | CUSIP: 04316JAK5<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    975000 | PA      | $978163.50    | 0.13%             | 2027-12-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                     | LVS 5.9 06/01/27                                       | CUSIP: 517834AJ6<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2324609.20   | 0.30%             | 2027-06-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2022-DNA7                  | STACR 2022-DNA7 M1A                                    | CUSIP: 35564KL31<br>LEI: 5493000IRUQLXTG4SV18 | Long             | ABS-O            | USGSE             | US        |    210971 | PA      | $212036.84    | 0.03%             | 2052-03-25      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| KUBOTA CREDIT OWNER TRUST 2025-2                         | KCOT 2025-2A A4                                        | CUSIP: 50117LAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1761723.95   | 0.23%             | 2030-11-15      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| ALLIANT ENERGY FINANCE LLC                               | LNT 5.4 06/06/27 144A                                  | CUSIP: 01882YAF3<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1279185.20   | 0.16%             | 2027-06-06      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                          | DANBNK V5.427 03/01/28 144A                            | CUSIP: 23636ABG5<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   1960000 | PA      | $1976951.33   | 0.25%             | 2028-03-01      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2023-LIFE                                       | BX 2023-LIFE B                                         | CUSIP: 05609DAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3230000 | PA      | $3161805.98   | 0.41%             | 2028-02-15      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES INC                                 | ACI 5.625 03/31/32 144A                                | CUSIP: 01309QAE8<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    440000 | PA      | $434262.93    | 0.06%             | 2032-03-31      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST 2024-4                           | CARMX 2024-4 D                                         | CUSIP: 14290DAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2300000 | PA      | $2312845.27   | 0.30%             | 2031-08-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                            | VST 5 07/31/27 144A                                    | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    935000 | PA      | $935183.26    | 0.12%             | 2027-07-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                    | CAS 2022-R01 1B2                                       | CUSIP: 20754LAJ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   4250000 | PA      | $4370392.30   | 0.56%             | 2041-12-26      | Floating      | 9.65%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA INC                               | SANUSA V6.124 05/31/27                                 | CUSIP: 80282KBK1<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    795000 | PA      | $795986.94    | 0.10%             | 2027-05-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT     | T 3.375 02/29/28                                       | CUSIP: 91282CQB0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  38680000 | PA      | $38343816.26  | 4.91%             | 2028-02-29      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP             | CHTR 5.125 05/01/27 144A                               | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    476000 | PA      | $475705.59    | 0.06%             | 2027-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                       | BX 2026-CSMO B                                         | CUSIP: 12433LAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3100000 | PA      | $3111199.06   | 0.40%             | 2031-02-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                     | BAC V4.623 05/09/29                                    | CUSIP: 06051GMT3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   4680000 | PA      | $4692191.45   | 0.60%             | 2029-05-09      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAPITAL DAC                               | AER 4.875 04/01/28                                     | CUSIP: 00774MBN4<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |   3570000 | PA      | $3592139.85   | 0.46%             | 2028-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                            | GS V4.148 01/21/29                                     | CUSIP: 38145GAP5<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2560000 | PA      | $2541515.49   | 0.33%             | 2029-01-21      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM12 TRUST                                     | OBX 2024-NQM12 A1                                      | CUSIP: 67448PAA1<br>LEI: 254900MY906NOBBPOA44 | Long             | ABS-O            | CORP              | US        |   3541726 | PA      | $3558293.77   | 0.46%             | 2064-07-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2024-XL4                    | BX 2024-XL4 B                                          | CUSIP: 05611VAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1997958 | PA      | $2002214.26   | 0.26%             | 2039-02-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| M&T EQUIPMENT (2025-LEAF1) LLC                           | MTLRF 2025-1A A3                                       | CUSIP: 55340QAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3018031.20   | 0.39%             | 2029-09-17      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                    | CAS 2021-R03 1B2                                       | CUSIP: 20754AAJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   2050000 | PA      | $2100752.47   | 0.27%             | 2041-12-26      | Floating      | 9.15%                 | No            |                  2 | On Loan: No      |
| HIH TRUST 2024-61P                                       | HIH 2024-61P A                                         | CUSIP: 40444VAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1810620 | PA      | $1814324.35   | 0.23%             | 2041-10-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| EVERGY INC                                               | EVRG 4.25 03/15/29                                     | CUSIP: 30034WAF3<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |    785000 | PA      | $778823.78    | 0.10%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT     | T 3.5 12/15/28                                         | CUSIP: 91282CPP0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7365000 | PA      | $7291925.35   | 0.93%             | 2028-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FINANCE NORTH AMERICA LLC                  | MBGGR 4.25 03/10/29 144A                               | CUSIP: 58769JBP1<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $1251467.15   | 0.16%             | 2029-03-10      | Fixed         | 4.25%                 | 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        |   3850464 | PA      | $3853922.31   | 0.49%             | 2070-07-25      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| HPS CORPORATE LENDING FUND                               | HLEND 5.3 06/05/27                                     | CUSIP: 40440VAX3<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |   3860000 | PA      | $3845700.51   | 0.49%             | 2027-06-05      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| REPSOL E&P CAPITAL MARKETS US LLC                        | REPSEP 4.805 09/16/28 144A                             | CUSIP: 76026AAA5<br>LEI: 894500D0J12FRZ3Q0M15 | Long             | DBT              | CORP              | US        |   1165000 | PA      | $1169232.12   | 0.15%             | 2028-09-16      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCKS FINANCE NORTH AMERICA LLC                 | DTRGR 4.3 08/12/27 144A                                | CUSIP: 233853BG4<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    415000 | PA      | $414344.73    | 0.05%             | 2027-08-12      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                            | VST 4.3 10/15/28 144A                                  | CUSIP: 92840VAX0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1430000 | PA      | $1414104.69   | 0.18%             | 2028-10-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| MANUFACTURERS & TRADERS TRUST COMPANY                    | MTB V4.762 07/06/28                                    | CUSIP: 564760CC8<br>LEI: WWB2V0FCW3A0EE3ZJN75 | Long             | DBT              | CORP              | US        |   1190000 | PA      | $1193314.50   | 0.15%             | 2028-07-06      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| CATURUS ENERGY LLC                                       | KTGLLC 7.125 05/15/31 144A                             | CUSIP: 149482AA9<br>LEI: 254900LM244SIFQ1QY31 | Long             | DBT              | CORP              | US        |    385000 | PA      | $386543.03    | 0.05%             | 2031-05-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                                 | ALSN 4.75 10/01/27 144A                                | CUSIP: 019736AE7<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1548029.49   | 0.20%             | 2027-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP INC                              | ABG 4.625 11/15/29 144A                                | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    290000 | PA      | $282388.72    | 0.04%             | 2029-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECHNOLOGIES INC                           | GEHC 4.15 12/15/28                                     | CUSIP: 36266GAD9<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    790000 | PA      | $785125.76    | 0.10%             | 2028-12-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| KEYBANK NA                                               | KEY 5.85 11/15/27 BKNT                                 | CUSIP: 49327M3F9<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   4723000 | PA      | $4814348.63   | 0.62%             | 2027-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2017-1               | NRZT 2017-1A A1                                        | CUSIP: 64829JAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1489047 | PA      | $1448721.09   | 0.19%             | 2057-02-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| ICON INVESTMENTS SIX DAC                                 | ICLR 5.809 05/08/27                                    | CUSIP: 45115AAA2<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |   1525000 | PA      | $1537003.89   | 0.20%             | 2027-05-08      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT     | T 3.5 02/15/29                                         | CUSIP: 91282CQA2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  52155000 | PA      | $51596778.78  | 6.61%             | 2029-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATIONAL INFORMATION SERVICES INC               | FIS 4.55 03/10/29                                      | CUSIP: 31620MCD6<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |   1355000 | PA      | $1350073.60   | 0.17%             | 2029-03-10      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| COLT 2024-7 MORTGAGE LOAN TRUST                          | COLT 2024-7 A1                                         | CUSIP: 19688YAA2<br>LEI: 213800EA95GXXC9AJO50 | Long             | ABS-O            | CORP              | US        |   1816405 | PA      | $1826721.56   | 0.23%             | 2069-12-25      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE CORP                              | HNDA 4.15 01/08/29                                     | CUSIP: 02665WGR6<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    730000 | PA      | $721688.54    | 0.09%             | 2029-01-08      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES5                            | RCKT 2025-CES5 A1A                                     | CUSIP: 74942CAA7<br>LEI: 2549008EA2IHW9G2TZ48 | Long             | ABS-O            | CORP              | US        |   3004198 | PA      | $3028106.17   | 0.39%             | 2055-05-25      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec                           | American Credit Acceptance Receivables Trust 2026-2    | CUSIP: 02528FAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $3981200.00   | 0.51%             | 2032-06-08      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| METRONET INFRASTRUCTURE ISSUER LLC                       | MNET 2026-1A C                                         | CUSIP: 59170JBL1<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |   2850000 | PA      | $2872518.99   | 0.37%             | 2056-04-20      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA6                  | STACR 2021-DNA6 B2                                     | CUSIP: 35564KLV9<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-O            | USGSE             | US        |   3273000 | PA      | $3365017.12   | 0.43%             | 2041-10-25      | Floating      | 11.15%                | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES INC                                 | ACI 5.5 03/31/31 144A                                  | CUSIP: 01309QAC2<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    440000 | PA      | $438105.72    | 0.06%             | 2031-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT     | T 3.5 02/28/31                                         | CUSIP: 91282CQD6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15535000 | PA      | $15189103.59  | 1.95%             | 2031-02-28      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                    | ATH 5.516 03/25/27 144A                                | CUSIP: 04685A3T6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   4945000 | PA      | $4988503.88   | 0.64%             | 2027-03-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2024-DNA3                  | STACR 2024-DNA3 M2                                     | CUSIP: 35564NFA6<br>LEI: 529900P3PHNE8PW64Z68 | Long             | ABS-O            | USGSE             | US        |    340329 | PA      | $340449.50    | 0.04%             | 2044-10-25      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE SECURED LENDING FUND                          | BXSL 2.75 09/16/26                                     | CUSIP: 09261XAB8<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4951860.75   | 0.63%             | 2026-09-16      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC                                    | AMRZ 4.7 04/07/28                                      | CUSIP: 43475RAQ9<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |   3270000 | PA      | $3283751.72   | 0.42%             | 2028-04-07      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| MAPLE PARENT HOLDINGS CORP                               | KDP 4.75 03/26/29 144A                                 | CUSIP: 56530KAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    765000 | PA      | $764976.61    | 0.10%             | 2029-03-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HARVEST US CLO 2023-1 LTD                                | HARUS 2023-1A A1R                                      | CUSIP: 417923AL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 0.13%             | 2037-01-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC                          | BMCAUS 4.375 07/15/30 144A                             | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    240000 | PA      | $229283.98    | 0.03%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE LTD                                       | AZORRA 7.25 01/15/31 144A                              | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    505000 | PA      | $517647.73    | 0.07%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                             | CABKSM V4.634 07/03/29 144A                            | CUSIP: 12803RAK0<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   2870000 | PA      | $2873147.59   | 0.37%             | 2029-07-03      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| VB-S1 ISSUER LLC                                         | VBTEL 2024-1A F                                        | CUSIP: 91823ABG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1025343.80   | 0.13%             | 2054-05-15      | Fixed         | 8.87%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                             | BACR V4.476 11/11/29                                   | CUSIP: 06738EDD4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1445000 | PA      | $1437750.59   | 0.18%             | 2029-11-11      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCIAL ISSUANCE TRUST 2025-1                  | OMFIT 2025-1A A                                        | CUSIP: 68270DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4400000 | PA      | $4405618.80   | 0.56%             | 2038-07-14      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| TD SYNNEX CORP                                           | SNX 4.3 01/17/29                                       | CUSIP: 87162WAM2<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1266385.69   | 0.16%             | 2029-01-17      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATIONS LP                             | HESM 6.5 06/01/29 144A                                 | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    640000 | PA      | $656076.80    | 0.08%             | 2029-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DIAMOND ISSUER LLC                                       | SHINE 2021-1A A                                        | CUSIP: 25267TAN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7650000 | PA      | $7438548.65   | 0.95%             | 2051-11-20      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                           | VARNO 7.5 01/15/28 144A                                | CUSIP: 92212WAD2<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |   1550000 | PA      | $1616749.70   | 0.21%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| XHR LP                                                   | XHR 6.625 05/15/30 144A                                | CUSIP: 98372MAE5<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              | CORP              | US        |    480000 | PA      | $491738.40    | 0.06%             | 2030-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA EARTHQUAKE AUTHORITY (CA)                     | CA CASGEN 5.6 07/01/2027                               | CUSIP: 13017HAP1<br>LEI: 254900P2MGLOUH3QS859 | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1587695.82   | 0.20%             | 2027-07-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                    | CAS 2021-R02 2B2                                       | CUSIP: 20754KAJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   4510000 | PA      | $4624861.58   | 0.59%             | 2041-11-25      | Floating      | 9.85%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA INC                               | SANUSA V5.473 03/20/29                                 | CUSIP: 80282KBN5<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |   4525000 | PA      | $4592222.13   | 0.59%             | 2029-03-20      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| SV RNO PROPERTY OWNER 1 LLC                              | TRACTC 5.875 03/01/31 144A                             | CUSIP: 78488XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    620000 | PA      | $608715.19    | 0.08%             | 2031-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DRIVE AUTO RECEIVABLES TRUST 2025-S1                     | DRIVE 2025-S1 R1                                       | CUSIP: 26210HAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1734430 | PA      | $1747149.14   | 0.22%             | 2029-06-16      | Fixed         | 6.04%                 | 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        |        16 | NC      | $-5553.92     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MTP ABS FUNDING LLC                                      | TOWR 2026-1A B                                         | CUSIP: 55378HAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1300000.00   | 0.17%             | 2026-05-25      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CROSS 2024-H8 MORTGAGED TRUST                            | CROSS 2024-H8 A1                                       | CUSIP: 22757GAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1788695 | PA      | $1799436.59   | 0.23%             | 2069-12-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2025-HI            | WFCM 2025-HI A                                         | CUSIP: 949933AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4775000 | PA      | $4781492.09   | 0.61%             | 2042-10-15      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                           | MS V4.555 04/10/30                                     | CUSIP: 61748UAV4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3930000 | PA      | $3918242.66   | 0.50%             | 2030-04-10      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPERATING PARTNERSHIP LP                      | BDN 6.125 01/15/31                                     | CUSIP: 105340AT0<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1490616.96   | 0.19%             | 2031-01-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ZIONS BANCORP NA                                         | ZION V4.483 02/09/29                                   | CUSIP: 98971DAE0<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | DBT              | CORP              | US        |    965000 | PA      | $960261.18    | 0.12%             | 2029-02-09      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| LIFE 2021-BMR MORTGAGE TRUST                             | LIFE 2021-BMR D                                        | CUSIP: 53218CAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1384600 | PA      | $1346957.71   | 0.17%             | 2038-03-15      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| BLUE OWL TECHNOLOGY FINANCE CORP                         | OTF 3.75 06/17/26                                      | CUSIP: 691205AE8<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |   1520000 | PA      | $1516148.72   | 0.19%             | 2026-06-17      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2022-R04             | CAS 2022-R04 1B2                                       | CUSIP: 20753YAL6<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |   2884000 | PA      | $3081492.28   | 0.39%             | 2042-03-25      | Floating      | 13.15%                | No            |                  2 | On Loan: No      |
| DELL INTERNATIONAL LLC / EMC CORP                        | DELL 4.15 02/15/29                                     | CUSIP: 24703DBR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2581404.98   | 0.33%             | 2029-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| AAR CORP                                                 | AIR 6.75 03/15/29 144A                                 | CUSIP: 00253PAA6<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | DBT              | CORP              | US        |    830000 | PA      | $855632.89    | 0.11%             | 2029-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WHEELS FLEET LEASE FUNDING 1 LLC                         | WFLF 2025-3A A1                                        | CUSIP: 96328GCP0<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |   3700000 | PA      | $3684788.93   | 0.47%             | 2040-09-18      | Fixed         | 2.92%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT     | T 3.375 09/15/28                                       | CUSIP: 91282CNY3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11490000 | PA      | $11354453.85  | 1.45%             | 2028-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA (THE)                                | BNS V4.247 02/02/30                                    | CUSIP: 06418GAY3<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   2365000 | PA      | $2346116.49   | 0.30%             | 2030-02-02      | Fixed         | 4.25%                 | 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        |    645000 | PA      | $661203.05    | 0.08%             | 2030-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                            | C V4.643 05/07/28                                      | CUSIP: 172967PZ8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2304632.73   | 0.30%             | 2028-05-07      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM13 TRUST                                     | OBX 2024-NQM13 A1                                      | CUSIP: 67119PAP6<br>LEI: 254900W2SY2Z6X7UAX78 | Long             | ABS-O            | CORP              | US        |   1676268 | PA      | $1679261.99   | 0.22%             | 2064-06-25      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| GREYSTONE CRE NOTES 2025-HC4 LLC                         | GSTNE 2025-HC4 AS                                      | CUSIP: 39809NAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1001291.70   | 0.13%             | 2042-10-15      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM14 TRUST                                     | OBX 2025-NQM14 A1                                      | CUSIP: 673924AC0<br>LEI: 254900T4WKE0IYMYAI09 | Long             | ABS-O            | CORP              | US        |   1165605 | PA      | $1167383.39   | 0.15%             | 2065-07-25      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                             | UBS V4.151 12/23/29 144A                               | CUSIP: 225401BK3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2205000 | PA      | $2183315.35   | 0.28%             | 2029-12-23      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM18 TRUST                                     | OBX 2024-NQM18 A1                                      | CUSIP: 673913AA7<br>LEI: 254900NK9PNLY9I00149 | Long             | ABS-O            | CORP              | US        |   1289544 | PA      | $1295317.68   | 0.17%             | 2064-10-25      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| AIRBNB INC                                               | ABNB 4.4 03/16/29                                      | CUSIP: 009066AC5<br>LEI: 549300HMUDNO0RY56D37 | Long             | DBT              | CORP              | US        |    810000 | PA      | $809030.45    | 0.10%             | 2029-03-16      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINANCIAL GROUP INC                      | SUMIBK 4.108 01/15/29                                  | CUSIP: 86562MEJ5<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    895000 | PA      | $888026.96    | 0.11%             | 2029-01-15      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT     | T 3.875 06/15/28                                       | CUSIP: 91282CNH0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  29470000 | PA      | $29464244.21  | 3.78%             | 2028-06-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WINGSTOP FUNDING LLC                                     | WSTOP 2020-1A A2                                       | CUSIP: 974153AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4432500 | PA      | $4300755.46   | 0.55%             | 2050-12-05      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| ALLY AUTO RECEIVABLES TRUST 2022-3                       | ABCLN 2025-A D                                         | CUSIP: 02007G5G4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1589779 | PA      | $1591750.03   | 0.20%             | 2033-06-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| LIFE 2022-BMR2 MORTGAGE TRUST                            | LIFE 2022-BMR2 A1                                      | CUSIP: 53218DAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1934817.00   | 0.25%             | 2039-05-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| MAIN STREET CAPITAL CORP                                 | MAIN 5.4 08/15/28                                      | CUSIP: 56035LAK0<br>LEI: 5493001FS9QJLJNF3E20 | Long             | DBT              | CORP              | US        |   1620000 | PA      | $1614619.20   | 0.21%             | 2028-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| TEXAS NATURAL GAS SECURITIZATION FINANCE CORP            | TX TNGUTL 5.1 04/01/2035                               | CUSIP: 88258MAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8358617 | PA      | $8574497.07   | 1.10%             | 2035-04-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2025-P1                   | CRVNA 2025-P1 A3                                       | CUSIP: 14689MAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2007386.60   | 0.26%             | 2030-05-10      | Fixed         | 4.55%                 | 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        |    755000 | PA      | $760814.18    | 0.10%             | 2031-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCKS FINANCE NORTH AMERICA LLC                 | DTRGR 4.95 01/13/28 144A                               | CUSIP: 233853BC3<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   1015000 | PA      | $1023566.53   | 0.13%             | 2028-01-13      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2025-VLT6                                       | BX 2025-VLT6 B                                         | CUSIP: 12433KAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3100000 | PA      | $3082308.30   | 0.39%             | 2042-03-17      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLDINGS LLC                            | FREMOR 9.25 02/01/29 144A                              | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    720000 | PA      | $746316.00    | 0.10%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FINANCIAL GROUP INC                       | MUFG V4.592 04/18/30                                   | CUSIP: 606822DU5<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    490000 | PA      | $490082.29    | 0.06%             | 2030-04-18      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                                   | MS V4.968 07/14/28 BKNT                                | CUSIP: 61690U8E3<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   2545000 | PA      | $2560476.88   | 0.33%             | 2028-07-14      | Fixed         | 4.97%                 | 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        |    760000 | PA      | $783309.56    | 0.10%             | 2028-06-13      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                      | SYF V5.019 07/29/29                                    | CUSIP: 87165BAX1<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    685000 | PA      | $685213.54    | 0.09%             | 2029-07-29      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                  | HCA 5 03/01/28                                         | CUSIP: 404119CY3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1085000 | PA      | $1094424.78   | 0.14%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MERITAGE HOMES CORP                                      | MTH 5.125 06/06/27                                     | CUSIP: 59001ABA9<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |    680000 | PA      | $681652.56    | 0.09%             | 2027-06-06      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2026-CES2                      | TPMT 2026-CES2 A1A                                     | CUSIP: 89190MAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1756869 | PA      | $1735767.33   | 0.22%             | 2066-02-25      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| ANTERO RESOURCES CORP                                    | AR 5.375 03/01/30 144A                                 | CUSIP: 03674XAS5<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |   3240000 | PA      | $3261341.88   | 0.42%             | 2030-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| EVERGY KANSAS CENTRAL INC                                | EVRG 4.7 03/13/28                                      | CUSIP: 30036FAE1<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | DBT              | CORP              | US        |   1610000 | PA      | $1617091.95   | 0.21%             | 2028-03-13      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| EXETER SELECT AUTOMOBILE RECEIVABLES TRUST 2025-3        | ESART 2025-3 A3                                        | CUSIP: 30185FAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1900000 | PA      | $1897781.18   | 0.24%             | 2030-12-16      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                    | CAS 2022-R03 1B2                                       | CUSIP: 20753XAJ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    500000 | PA      | $535785.20    | 0.07%             | 2042-03-25      | Floating      | 13.50%                | No            |                  2 | On Loan: No      |
| DIAMOND INFRASTRUCTURE FUNDING LLC                       | DNFRA 2021-1A A                                        | CUSIP: 25265LAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7500000 | PA      | $7348603.50   | 0.94%             | 2049-04-15      | Fixed         | 1.76%                 | No            |                  2 | On Loan: No      |
| VB-S1 ISSUER LLC                                         | VBTEL 2026-1A C2                                       | CUSIP: 91825HAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2150000 | PA      | $2104988.68   | 0.27%             | 2056-03-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| PRIMO WATER HOLDINGS INC                                 | PRMWCN 4.375 04/30/29 144a                             | CUSIP: 74168RAB9<br>LEI: 9845008F9A5F2E1D4832 | Long             | DBT              | CORP              | US        |    775000 | PA      | $756811.05    | 0.10%             | 2029-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SANTANDER BANK NA                                        | SBCLN 2023-A F                                         | CUSIP: 80290CBY9<br>LEI: TR24TWEY5RVRQV65HD49 | Long             | ABS-O            | CORP              | US        |   2409958 | PA      | $2481623.10   | 0.32%             | 2033-06-15      | Fixed         | 13.75%                | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                             | BACR V4.219 05/24/30                                   | CUSIP: 06738EDG7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    995000 | PA      | $981701.78    | 0.13%             | 2030-05-24      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES8                            | RCKT 2025-CES8 A1A                                     | CUSIP: 74939WAA8<br>LEI: 254900FCN7EI8DTYGA19 | Long             | ABS-O            | CORP              | US        |   2142064 | PA      | $2143137.63   | 0.27%             | 2055-08-25      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| OBX 2026-NQM2 TRUST                                      | OBX 2026-NQM2 A1                                       | CUSIP: 67123VAF9<br>LEI: 2549007DTHVTGCMU8X03 | Long             | ABS-O            | CORP              | US        |   2741247 | PA      | $2728329.16   | 0.35%             | 2065-12-01      | Variable      | 4.82%                 | 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        |   9803627 | NS      | $9803627.25   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BSPRT 2023-FL10 ISSUER LLC                               | BSPRT 2023-FL10 A                                      | CUSIP: 05610VAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1768145 | PA      | $1770689.56   | 0.23%             | 2035-09-17      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2025-VLT7                                       | BX 2025-VLT7 A                                         | CUSIP: 123913AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4200000 | PA      | $4201533.84   | 0.54%             | 2044-07-15      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARGENTARIA SA                       | BBVASM 4.15 03/03/29                                   | CUSIP: 05946KAT8<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   1800000 | PA      | $1779433.78   | 0.23%             | 2029-03-03      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                       | ALLY V5.737 05/15/29                                   | CUSIP: 02005NBZ2<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    930000 | PA      | $944288.12    | 0.12%             | 2029-05-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                            | GS V4.153 10/21/29                                     | CUSIP: 38141GD27<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   4090000 | PA      | $4047855.00   | 0.52%             | 2029-10-21      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| MANUFACTURERS & TRADERS TRUST COMPANY                    | MTB V4.548 04/18/30                                    | CUSIP: 564760CD6<br>LEI: WWB2V0FCW3A0EE3ZJN75 | Long             | DBT              | CORP              | US        |   1015000 | PA      | $1012490.63   | 0.13%             | 2030-04-18      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2024-NQM1                       | JPMMT 2024-NQM1 A1                                     | CUSIP: 465983AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1503985 | PA      | $1511951.46   | 0.19%             | 2064-02-25      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| COLT 2024-6 MORTGAGE LOAN TRUST                          | COLT 2024-6 A1                                         | CUSIP: 19688XAA4<br>LEI: 213800U2X2TO1PQH1O75 | Long             | ABS-O            | CORP              | US        |   2116080 | PA      | $2124738.95   | 0.27%             | 2069-11-25      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| ONEMAIN DIRECT AUTO RECEIVABLES TRUST 2017-1             | ODART 2026-1A A                                        | CUSIP: 682940AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4900000 | PA      | $4880857.66   | 0.63%             | 2033-12-14      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| WHISTLER PIPELINE LLC                                    | WHISPI 5.4 09/30/29 144A                               | CUSIP: 96337RAA0<br>LEI: 549300NG57SGLTNW5C85 | Long             | DBT              | CORP              | US        |   3650000 | PA      | $3736185.33   | 0.48%             | 2029-09-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: —       |
| HOTWIRE FUNDING LLC                                      | HWIRE 2024-1A C                                        | CUSIP: 44148JAM1<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |   1600000 | PA      | $1657129.92   | 0.21%             | 2054-06-20      | Fixed         | 9.19%                 | No            |                  2 | On Loan: No      |
| FLEXENTIAL ISSUER LLC                                    | FLX 2025-1A A2                                         | CUSIP: 33938MAK5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2200000 | PA      | $2192578.74   | 0.28%             | 2060-10-25      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| SECURITIZED TERM AUTO RECEIVABLES TRUST                  | SSTRT 2025-B C                                         | CUSIP: 81378WAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |   1394795 | PA      | $1405468.80   | 0.18%             | 2032-12-29      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HOLDINGS II LLC                              | MTCHII 5 12/15/27 144A                                 | CUSIP: 57665RAG1<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1545948.77   | 0.20%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                       | BX 2025-VOLT B                                         | CUSIP: 05619PAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4003518.40   | 0.51%             | 2044-12-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MIDSTREAM LLC                                 | BLURAC 7 07/15/29 144A                                 | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    725000 | PA      | $752176.63    | 0.10%             | 2029-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                        | LAD 4.375 01/15/31 144A                                | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    265000 | PA      | $251823.75    | 0.03%             | 2031-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                            | CCL 4 08/01/28 144A                                    | CUSIP: 143658BQ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   2365000 | PA      | $2310534.48   | 0.30%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                                 | MCHP 4.9 03/15/28                                      | CUSIP: 595017BK9<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1660410.18   | 0.21%             | 2028-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| TRAVEL PLUS LEISURE COMPANY                              | TNL 6.625 07/31/26 144A                                | CUSIP: 98310WAS7<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |   1565000 | PA      | $1565948.39   | 0.20%             | 2026-07-31      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                | SUN 5.375 07/15/31 144A                                | CUSIP: 86765KAM1<br>LEI: 5493006LL0CKP8WQW329 | Long             | DBT              | CORP              | US        |   1220000 | PA      | $1214980.19   | 0.16%             | 2031-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                            | CCL 5.125 05/01/29 144A                                | CUSIP: 143658CB6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    590000 | PA      | $588538.51    | 0.08%             | 2029-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| COOPR RESIDENTIAL MORTGAGE TRU                           | COOPR 2025-CES4 A1A                                    | CUSIP: 12636SAA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | CORP              | US        |   1887532 | PA      | $1882042.80   | 0.24%             | 2060-11-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| DLLST 2024-1 LLC                                         | DLLST 2024-1A A3                                       | CUSIP: 23346HAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    419296 | PA      | $420550.03    | 0.05%             | 2027-08-20      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MAIN STREET CAPITAL CORP                                 | MAIN 6.95 03/01/29                                     | CUSIP: 56035LAH7<br>LEI: 5493001FS9QJLJNF3E20 | Long             | DBT              | CORP              | US        |   2135000 | PA      | $2201471.67   | 0.28%             | 2029-03-01      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                   | VENLNG 9.5 02/01/29 144A                               | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1190000 | PA      | $1299244.38   | 0.17%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP LLC                               | ACGCAP 4.25 04/30/29 144A                              | CUSIP: 05369AAV3<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    925000 | PA      | $912225.11    | 0.12%             | 2029-04-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MOSAIC COMPANY (THE)                                     | MOS 4.35 01/15/29                                      | CUSIP: 61945CAJ2<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | DBT              | CORP              | US        |    625000 | PA      | $621548.13    | 0.08%             | 2029-01-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-4                        | VERUS 2025-4 A1                                        | CUSIP: 92540UAC1<br>LEI: 2138009ZO3B2B5MAHZ49 | Long             | ABS-O            | CORP              | US        |   1466371 | PA      | $1474923.85   | 0.19%             | 2070-05-25      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM5 TRUST                                      | OBX 2025-NQM5 A1                                       | CUSIP: 67121EAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1599973 | PA      | $1609048.41   | 0.21%             | 2065-03-25      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| COLT 2025-8 MORTGAGE LOAN TRUST                          | COLT 2025-8 A1                                         | CUSIP: 19689DAA7<br>LEI: 2138009IZ4NQZAKAEN75 | Long             | ABS-O            | CORP              | US        |   1684215 | PA      | $1693589.91   | 0.22%             | 2070-08-25      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES7                            | RCKT 2026-CES3 A1A                                     | CUSIP: 74940LAA9<br>LEI: 254900E35NYYFOUTHD06 | Long             | ABS-O            | CORP              | US        |   3955912 | PA      | $3953441.78   | 0.51%             | 2056-03-25      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM6 TRUST                                      | OBX 2025-NQM6 A1                                       | CUSIP: 67448UAA0<br>LEI: 254900W46UQEWQMYYZ02 | Long             | ABS-O            | CORP              | US        |   3058765 | PA      | $3083356.73   | 0.40%             | 2065-03-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| CROSS 2026-NQM1 MORTGAGE TRUST                           | CROSS 2026-NQM1 A1                                     | CUSIP: 22758EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4781017 | PA      | $4745124.03   | 0.61%             | 2061-02-25      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2018-B6 MORTGAGE TRUST                         | BMARK 2018-B6 XA                                       | CUSIP: 08162CAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        | 115277651 | PA      | $824581.04    | 0.11%             | 2051-10-12      | Variable      | 0.54%                 | 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        |    560000 | PA      | $569766.96    | 0.07%             | 2031-04-01      | Fixed         | 7.62%                 | 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        |        79 | NC      | $8886.42      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUIST BANK                                              | TFC V4.144 01/27/29 I                                  | CUSIP: 89788JAJ8<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   1320000 | PA      | $1314140.72   | 0.17%             | 2029-01-27      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| OBX 2025-R1 TRUST                                        | OBX 2025-R1 A1                                         | CUSIP: 67123GAC9<br>LEI: 254900UIO03AL696QM79 | Long             | ABS-O            | CORP              | US        |   3490230 | PA      | $3469020.22   | 0.44%             | 2062-09-25      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                    | CAS 2024-R01 1M2                                       | CUSIP: 20753UAB6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   2700000 | PA      | $2721806.82   | 0.35%             | 2044-01-25      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                      | AXON 6.125 03/15/30 144A                               | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    760000 | PA      | $779012.08    | 0.10%             | 2030-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK OF COMMERCE                       | CM V4.283 01/29/30                                     | CUSIP: 13607QWB4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   1625000 | PA      | $1613580.23   | 0.21%             | 2030-01-29      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| VB-S1 ISSUER LLC                                         | VBTEL 2022-1A F                                        | CUSIP: 91823ABA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    975000 | PA      | $967586.78    | 0.12%             | 2052-02-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| LMDV ISSUER COMPANY LLC                                  | LMDV 2025-1A A2                                        | CUSIP: 538908AA2<br>LEI: 254900A6HRP8XHJJGM20 | Long             | ABS-O            | CORP              | US        |   2550000 | PA      | $2563384.95   | 0.33%             | 2055-12-15      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                                 | AXP V4.351 07/20/29                                    | CUSIP: 025816EJ4<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   3345000 | PA      | $3339080.02   | 0.43%             | 2029-07-20      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| FRANKLIN BSP CAPITAL CORP                                | FRBP 7.2 06/15/29                                      | CUSIP: 35250VAB0<br>LEI: 549300KJEVMKATLINB36 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1290403.52   | 0.17%             | 2029-06-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                          | FHR 5057 MC                                            | CUSIP: 3137F7L37<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   4382954 | PA      | $4104781.06   | 0.53%             | 2054-04-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                        | SWOP IRS USD                                           | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |  84800000 | NC      | $1559759.67   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-11                       | VERUS 2025-11 A1                                       | CUSIP: 924935AC3<br>LEI: 213800H1O4C5SRNN4B66 | Long             | ABS-O            | CORP              | US        |   3654724 | PA      | $3647249.21   | 0.47%             | 2070-11-25      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| BHMS COMMERCIAL MORTGAGE TRUST 2025-ATLS                 | BHMS 2025-ATLS A                                       | CUSIP: 088928AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2300000 | PA      | $2307064.68   | 0.30%             | 2042-08-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM15 TRUST                                     | OBX 2024-NQM15 A1                                      | CUSIP: 67449DAA7<br>LEI: 254900YXEB756F6RCA13 | Long             | ABS-O            | CORP              | US        |   1304265 | PA      | $1308001.48   | 0.17%             | 2064-10-25      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| BXMT 2021-FL4 LTD                                        | BXMT 2021-FL4 A                                        | CUSIP: 05609GAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2925654 | PA      | $2929536.21   | 0.38%             | 2038-05-17      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP                                 | HST 4.25 12/15/28                                      | CUSIP: 44107TBE5<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |    505000 | PA      | $500193.68    | 0.06%             | 2028-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ALUMINA PTY LTD                                          | AA 6.125 03/15/30 144A                                 | CUSIP: 02220AAA5<br>LEI: 2138002VD9MW2WT8HR38 | Long             | DBT              | CORP              | AU        |   1000000 | PA      | $1022867.00   | 0.13%             | 2030-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                     | RY V4.498 08/06/29                                     | CUSIP: 78017DAK4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   5215000 | PA      | $5220743.12   | 0.67%             | 2029-08-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ARES STRATEGIC INCOME FUND                               | ARESSI 5.45 09/09/28 144A                              | CUSIP: 04020EAL1<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |   4025000 | PA      | $3998496.38   | 0.51%             | 2028-09-09      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ACREC 2025-FL3 LLC                                       | ACREC 2025-FL3 A                                       | CUSIP: 00112HAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2500000 | PA      | $2499815.00   | 0.32%             | 2042-08-18      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| BRAZOS SECURITIZATION LLC                                | BRELPO 5.014 09/01/31 144A                             | CUSIP: 106230AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1983475 | PA      | $1997523.53   | 0.26%             | 2031-09-01      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                        | SWOP IRS USD                                           | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |  84800000 | NC      | $2256140.44   | 0.29%             |  |  |  | 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        |    705000 | PA      | $705993.42    | 0.09%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                           | MS V4.994 04/12/29 .                                   | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2440000 | PA      | $2461069.45   | 0.32%             | 2029-04-12      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| BDS 2026-FL17 LLC                                        | BDS 2026-FL17 AS                                       | CUSIP: 05494WAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3300000 | PA      | $3300000.00   | 0.42%             | 2043-05-19      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-HQA3                  | STACR 2021-HQA3 B2                                     | CUSIP: 35564KKL2<br>LEI: 5493000ISHRHX47NOH65 | Long             | ABS-O            | USGSE             | US        |   3800000 | PA      | $3867918.54   | 0.50%             | 2041-09-25      | Floating      | 9.90%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST 2024-3                           | CARMX 2024-3 D                                         | CUSIP: 14319GAH4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2850000 | PA      | $2898088.34   | 0.37%             | 2031-01-15      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                    | WFC V4.97 04/23/29                                     | CUSIP: 95000U3T8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3610000 | PA      | $3643651.70   | 0.47%             | 2029-04-23      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| ARCELORMITTAL SA                                         | MTNA 6.55 11/29/27                                     | CUSIP: 03938LBE3<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |   4465000 | PA      | $4595419.79   | 0.59%             | 2027-11-29      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                        | BRO 4.7 06/23/28                                       | CUSIP: 115236AJ0<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    850000 | PA      | $852819.47    | 0.11%             | 2028-06-23      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CITADEL FINANCE LLC                                      | CITADL 5.9 02/10/30 144A                               | CUSIP: 17287HAD2<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1109679.79   | 0.14%             | 2030-02-10      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| PROVIDENT FUNDING MORTGAGE TRUST 2020/F1                 | PFMT 2020-F1 A2                                        | CUSIP: 74387TAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2919896 | PA      | $2625147.78   | 0.34%             | 2036-01-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2024-3      | ACAR 2024-3 C                                          | CUSIP: 02490BAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1006358.00   | 0.13%             | 2030-07-12      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| TTM TECHNOLOGIES INC                                     | TTMI 4 03/01/29 144A                                   | CUSIP: 87305RAK5<br>LEI: 549300SC4BDOIS008048 | Long             | DBT              | CORP              | US        |    315000 | PA      | $304945.45    | 0.04%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DRIVE AUTO RECEIVABLES TRUST 2025-2                      | DRIVE 2025-2 D                                         | CUSIP: 262103AG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $3984848.80   | 0.51%             | 2032-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| DRIVEN BRANDS FUNDING LLC                                | HONK 2025-1A A2                                        | CUSIP: 26209XAK7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1940250 | PA      | $1756212.44   | 0.23%             | 2055-10-20      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP LLC                               | ACGCAP 4.75 04/14/27 144A                              | CUSIP: 05369AAR2<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    995000 | PA      | $998579.18    | 0.13%             | 2027-04-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GREATAMERICA LEASING RECEIVABLES FUNDING LLC             | GALC 2025-2 A3                                         | CUSIP: 39154TCQ9<br>LEI: 549300JFP7GIDD4UWO79 | Long             | ABS-O            | CORP              | US        |   2200000 | PA      | $2191462.68   | 0.28%             | 2029-12-17      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2019-R04             | CAS 2019-R04 2B1                                       | CUSIP: 20753TAC7<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |   2714021 | PA      | $2730107.33   | 0.35%             | 2039-06-27      | Floating      | 9.01%                 | No            |                  2 | On Loan: No      |
| SANTANDER BANK AUTO CREDIT-LINKED NOTES SERIES 2021-1    | SBCLN 2022-C G                                         | CUSIP: 80290CBL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3142012.80   | 0.40%             | 2032-12-15      | Fixed         | 18.06%                | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2024-GPA2                   | BX 2024-GPA2 A                                         | CUSIP: 12433DAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4288397 | PA      | $4297628.03   | 0.55%             | 2041-11-15      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                       | SANTAN V5.365 07/15/28 *                               | CUSIP: 05964HBF1<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   4000000 | PA      | $4040351.76   | 0.52%             | 2028-07-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2022-R07             | CAS 2022-R07 1B2                                       | CUSIP: 20754MAL1<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |   4000000 | PA      | $4463174.00   | 0.57%             | 2042-06-25      | Floating      | 15.65%                | 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        |   4515877 | PA      | $4543691.11   | 0.58%             | 2070-08-25      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| VASA TRUST 2021-VASA                                     | VASA 2021-VASA A                                       | CUSIP: 92230AAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3550000 | PA      | $3495971.84   | 0.45%             | 2039-07-15      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                  | HYNMTR 4.25 01/08/29 144A                              | CUSIP: 44891AED5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1760000 | PA      | $1741455.43   | 0.22%             | 2029-01-08      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORP                                            | MTB V4.833 01/16/29 MTN                                | CUSIP: 55261FAU8<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   1540000 | PA      | $1546792.35   | 0.20%             | 2029-01-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                              | ORCL 4.55 02/04/29                                     | CUSIP: 68389XDW2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2690000 | PA      | $2657902.25   | 0.34%             | 2029-02-04      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| KUBOTA CREDIT OWNER TRUST 2024-2                         | KCOT 2024-2A A4                                        | CUSIP: 50117DAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1017094.10   | 0.13%             | 2030-05-15      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES7                            | RCKT 2025-CES7 A1A                                     | CUSIP: 74943AAA0<br>LEI: 254900E35NYYFOUTHD06 | Long             | ABS-O            | CORP              | US        |   2458039 | PA      | $2466039.43   | 0.32%             | 2055-07-25      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST 2013-2               | EART 2024-4A C                                         | CUSIP: 30166UAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1350000 | PA      | $1363355.82   | 0.17%             | 2030-08-15      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                    | WFC V4.182 01/23/30                                    | CUSIP: 95000U4D2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1245000 | PA      | $1234170.07   | 0.16%             | 2030-01-23      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM14 TRUST                                     | OBX 2024-NQM14 A1                                      | CUSIP: 67119XAC8<br>LEI: 254900C7ZCEHM7Y5MX79 | Long             | ABS-O            | CORP              | US        |   1301272 | PA      | $1301374.08   | 0.17%             | 2064-09-25      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE COMPANY                       | HPE 4.15 09/15/28                                      | CUSIP: 42824CBZ1<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   2555000 | PA      | $2533560.46   | 0.32%             | 2028-09-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| SFS AUTO RECEIVABLES SECURITIZATION TRUST 2026-1         | SFAST 2026-1A A3                                       | CUSIP: 81885FAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4300000 | PA      | $4265983.56   | 0.55%             | 2031-07-20      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| ENERFLEX INC                                             | EFXINC 6.875 01/15/31 144A                             | CUSIP: 29281WAA6<br>LEI: 549300SQCOV1LC1GBK07 | Long             | DBT              | CORP              | US        |    520000 | PA      | $535973.36    | 0.07%             | 2031-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2022-DNA1                  | STACR 2022-DNA1 B2                                     | CUSIP: 35564KQZ5<br>LEI: 5493000ISBDRXIMCHZ70 | Long             | ABS-O            | USGSE             | US        |   3350000 | PA      | $3481453.00   | 0.45%             | 2042-01-27      | Floating      | 10.75%                | No            |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2014/1      | ACAR 2023-1 E                                          | CUSIP: 02530UAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4102640.80   | 0.53%             | 2029-12-12      | Fixed         | 9.79%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV                                         | ABNANV V6.339 09/18/27 144A                            | CUSIP: 00084DBA7<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |   2400000 | PA      | $2416869.14   | 0.31%             | 2027-09-18      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2014/1      | ACAR 2024-1 E                                          | CUSIP: 02531AAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2056684.40   | 0.26%             | 2031-11-12      | Fixed         | 7.98%                 | No            |                  2 | On Loan: No      |
| ARI FLEET LEASE TRUST 2025-A                             | ARIFL 2025-A A3                                        | CUSIP: 04033CAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1505831.25   | 0.19%             | 2034-01-17      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                    | CAS 2024-R02 1M2                                       | CUSIP: 20754GAE0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   2600000 | PA      | $2619072.82   | 0.34%             | 2044-02-25      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES6                            | RCKT 2025-CES6 A1A                                     | CUSIP: 748949AA2<br>LEI: 2549002LEW4WNQBOMB89 | Long             | ABS-O            | CORP              | US        |   1253985 | PA      | $1260192.60   | 0.16%             | 2055-06-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATIONS LP                             | HESM 5.875 03/01/28 144A                               | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2280000 | PA      | $2303648.16   | 0.30%             | 2028-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ALLY AUTO RECEIVABLES TRUST 2022-3                       | ABCLN 2024-A D                                         | CUSIP: 02007GZ71<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    787600 | PA      | $798394.80    | 0.10%             | 2032-05-17      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                           | BNP V4.792 05/09/29 144A                               | CUSIP: 09659W3C6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   4945000 | PA      | $4960193.07   | 0.64%             | 2029-05-09      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                             | UBS V6.327 12/22/27 144A                               | CUSIP: 225401BC1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2240000 | PA      | $2266836.39   | 0.29%             | 2027-12-22      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC                    | HLT 5.875 04/01/29 144A                                | CUSIP: 432833AP6<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    935000 | PA      | $948407.90    | 0.12%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NXP BV                                                   | NXPI 4.3 08/19/28                                      | CUSIP: 62954HBF4<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | NL        |   1895000 | PA      | $1889959.93   | 0.24%             | 2028-08-19      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| JABIL INC                                                | JBL 4.2 02/01/29                                       | CUSIP: 46656PAC8<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |   1010000 | PA      | $997861.09    | 0.13%             | 2029-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2026-2                        | VERUS 2026-2 A1                                        | CUSIP: 92490GAF5<br>LEI: 213800OKSLL73WD2H386 | Long             | ABS-O            | CORP              | US        |   3945051 | PA      | $3916267.33   | 0.50%             | 2071-02-25      | Variable      | 4.59%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                            | GS V4.937 04/23/28                                     | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2455000 | PA      | $2466854.09   | 0.32%             | 2028-04-23      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| ALLY BANK                                                | ABCLN 2025-B D                                         | CUSIP: 02007G6R9<br>LEI: 549300C04BJ0G297NC13 | Long             | ABS-O            | CORP              | US        |   1591786 | PA      | $1590938.26   | 0.20%             | 2033-09-15      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT     | T 3.5 01/15/29                                         | CUSIP: 91282CPT2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5540000 | PA      | $5482868.75   | 0.70%             | 2029-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                | SUN 7 05/01/29 144A                                    | CUSIP: 86765KAB5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    550000 | PA      | $568250.10    | 0.07%             | 2029-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                  | HYNMTR 4.875 06/23/27 144A                             | CUSIP: 44891ADU8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   4075000 | PA      | $4092370.10   | 0.52%             | 2027-06-23      | Fixed         | 4.88%                 | 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