# EDGAR Filing Document

**Accession Number:** 0001959372
**File Stem:** 0001145549-25-055645
**Filing Date:** 2025-8
**Character Count:** 182940
**Document Hash:** 86c0517f394a459d7ae2d89541ee9595
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-055645.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001145549-25-055645

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Aristotle Funds Series Trust
- **CENTRAL INDEX KEY:** 0001959372

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23850
- **FILM NUMBER:** 251270064

**BUSINESS ADDRESS:**
- **STREET 1:** 11100 SANTA MONICA BLVD.
- **STREET 2:** SUITE 1700
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90025
- **BUSINESS PHONE:** (949) 219-3391

**MAIL ADDRESS:**
- **STREET 1:** 11100 SANTA MONICA BLVD.
- **STREET 2:** SUITE 1700
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90025

## Series and Classes Contracts Data

### Aristotle Short Duration Income Fund (Series ID: S000080057)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000241672 | Class A      | PLADX           |
| C000241673 | Class C      | PLCSX           |
| C000241674 | Class I      | PLSDX           |
| C000241675 | Class I-2    | PLDSX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Aristotle Short Duration Income Fund** | **Aristotle Short Duration Income Fund** | **Aristotle Short Duration Income Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **CORPORATE BONDS - 53.6%** | **Par** | **Value** |
| **Communications - 0.7%** | **Communications - 0.7%** | **Communications - 0.7%** |
|  Charter Communications Operating LLC / Charter Communications Operating Capital, 6.15%, 11/10/2026 | 3000000 | $3058269 |
|  Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC, 5.15%, 03/20/2028 <sup>(a)</sup> | 3645400 | 3671727 |
|  |  | 6729996 |
| **Consumer Discretionary - 6.6%** | **Consumer Discretionary - 6.6%** | **Consumer Discretionary - 6.6%** |
|  Air Canada, Series 2017-1, 3.30%, 01/15/2030 <sup>(a)</sup> | 1617960 | 1519060 |
| American Airlines Group, Inc. | American Airlines Group, Inc. | American Airlines Group, Inc. |
| &nbsp;&nbsp; 3.60%, 09/22/2027 | 5383373 | 5239974 |
| &nbsp;&nbsp; Series 2016-3, 3.00%, 10/15/2028 | 5631114 | 5294401 |
| &nbsp;&nbsp; Series 2016-3, 3.25%, 10/15/2028 | 4364612 | 4078064 |
|  British Airways 2019-1 Class A Pass Through Trust, Series PTT, 3.35%, 06/15/2029 <sup>(a)</sup> | 2604095 | 2493081 |
|  Cintas Corp. No 2, 4.20%, 05/01/2028 | 2300000 | 2306139 |
|  Darden Restaurants, Inc., 4.35%, 10/15/2027 | 1500000 | 1503382 |
|  Delta Air Lines, Inc., Series 2015-1, 3.63%, 07/30/2027 | 1245812 | 1219962 |
|  Delta Air Lines, Inc. / SkyMiles IP Ltd., 4.50%, 10/20/2025 <sup>(a)</sup> | 999889 | 997605 |
| Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC |
| &nbsp;&nbsp; 3.38%, 11/13/2025 | 7270000 | 7222275 |
| &nbsp;&nbsp; 2.70%, 08/10/2026 | 1775000 | 1728627 |
|  General Motors Financial Co., Inc., 5.55%, 07/15/2029 | 6000000 | 6131335 |
|  Hyatt Hotels Corp., 5.05%, 03/30/2028 | 1250000 | 1263901 |
| Hyundai Capital America | Hyundai Capital America | Hyundai Capital America |
| &nbsp;&nbsp; 4.85%, 03/25/2027 <sup>(a)</sup> | 1350000 | 1356365 |
| &nbsp;&nbsp; 4.88%, 11/01/2027 <sup>(a)</sup> | 5600000 | 5627014 |
|  Las Vegas Sands Corp., 5.90%, 06/01/2027 | 3150000 | 3219862 |
|  Marriott International, Inc./MD, 5.55%, 10/15/2028 | 4000000 | 4150917 |
|  Starbucks Corp., 4.50%, 05/15/2028 | 5700000 | 5729786 |
|  United Airlines 2014-2 Class A Pass Through Trust, Series A, 3.75%, 09/03/2026 | 1196916 | 1177492 |
| United Airlines, Inc. | United Airlines, Inc. | United Airlines, Inc. |
| &nbsp;&nbsp; Series 2016-1B, 3.65%, 01/07/2026 | 300347 | 296473 |
| &nbsp;&nbsp; Series AA, 3.10%, 07/07/2028 | 2467176 | 2355512 |
|  |  | 64911227 |
| **Consumer Staples - 2.8%** | **Consumer Staples - 2.8%** | **Consumer Staples - 2.8%** |
|  Bacardi Ltd. / Bacardi-Martini BV, 5.25%, 01/15/2029 <sup>(a)</sup> | 3000000 | 3043754 |
|  Coca-Cola Consolidated, Inc., 5.25%, 06/01/2029 | 2100000 | 2164883 |
|  Japan Tobacco, Inc., 4.85%, 05/15/2028 <sup>(a)</sup> | 2900000 | 2944273 |
| JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co. Sarl | JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co. Sarl | JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co. Sarl |
| &nbsp;&nbsp; 2.50%, 01/15/2027 | 3700000 | 3601573 |
| &nbsp;&nbsp; 5.13%, 02/01/2028 | 3985000 | 4075499 |
|  Keurig Dr Pepper, Inc., 4.35%, 05/15/2028 | 4450000 | 4458500 |
| Mars, Inc. | Mars, Inc. | Mars, Inc. |
| &nbsp;&nbsp; 4.45%, 03/01/2027 <sup>(a)</sup> | 1250000 | 1254870 |
| &nbsp;&nbsp; 4.60%, 03/01/2028 <sup>(a)</sup> | 4200000 | 4235015 |
|  Mondelez International, Inc., 4.25%, 05/06/2028 | 1950000 | 1953481 |
|  |  | 27731848 |
| **Energy - 2.0%** | **Energy - 2.0%** | **Energy - 2.0%** |
|  Enbridge, Inc., 4.60%, 06/20/2028 | 1650000 | 1662795 |
| Energy Transfer LP | Energy Transfer LP | Energy Transfer LP |
| &nbsp;&nbsp; 5.55%, 02/15/2028 | 3500000 | 3602314 |
| &nbsp;&nbsp; 6.10%, 12/01/2028 | 1500000 | 1576290 |
| &nbsp;&nbsp; 5.25%, 07/01/2029 | 3500000 | 3586736 |
|  Petroleos Mexicanos, 6.50%, 03/13/2027 | 4000000 | 3974711 |
|  Targa Resources Corp., 6.15%, 03/01/2029 | 3550000 | 3734454 |
|  Venture Global Calcasieu Pass LLC, 3.88%, 08/15/2029 <sup>(a)</sup> | 2200000 | 2075710 |
|  |  | 20213010 |
| **Financials - 23.0%** | **Financials - 23.0%** | **Financials - 23.0%** |
|  Air Lease Corp., 5.85%, 12/15/2027 | 3000000 | 3104161 |
|  American Express Co., 4.73% (SOFR + 1.26%), 04/25/2029 | 3000000 | 3034702 |
|  Aspen Insurance Holdings Ltd., 5.75%, 07/01/2030 | 1900000 | 1932288 |
|  Atlas Warehouse Lending Co. LP, 6.05%, 01/15/2028 <sup>(a)</sup> | 5250000 | 5317521 |
|  Aviation Capital Group LLC, 4.75%, 04/14/2027 <sup>(a)</sup> | 3100000 | 3104335 |
|  Avolon Holdings Funding Ltd., 2.13%, 02/21/2026 <sup>(a)</sup> | 1601000 | 1571680 |
|  Banco Santander SA, 5.37% to 07/15/2027 then 1 yr. CMT Rate + 0.95%, 07/15/2028 | 3400000 | 3464300 |
| Bank of America Corp. | Bank of America Corp. | Bank of America Corp. |
| &nbsp;&nbsp; 5.93% to 09/15/2026 then SOFR + 1.34%, 09/15/2027 | 8500000 | 8650368 |
| &nbsp;&nbsp; 3.82% to 01/20/2027 then 3 mo. Term SOFR + 1.84%, 01/20/2028 | 1250000 | 1239487 |
| &nbsp;&nbsp; 4.98% to 01/24/2028 then SOFR + 0.83%, 01/24/2029 | 6850000 | 6949425 |
| &nbsp;&nbsp; 4.62% (SOFR + 1.11%), 05/09/2029 | 4750000 | 4780784 |
|  Bank of Montreal, 5.23% (SOFR + 0.86%), 01/27/2029 | 2250000 | 2238408 |
|  Bank of New York Mellon, 4.73% to 04/20/2028 then SOFR + 1.14%, 04/20/2029 | 2500000 | 2535692 |
|  Barclays PLC, 5.09% to 02/25/2028 then SOFR + 0.96%, 02/25/2029 | 1200000 | 1215132 |
|  Block, Inc., 2.75%, 06/01/2026 | 750000 | 734781 |
| BNP Paribas SA | BNP Paribas SA | BNP Paribas SA |
| &nbsp;&nbsp; 1.32% to 01/13/2026 then SOFR + 1.00%, 01/13/2027 <sup>(a)</sup> | 1300000 | 1277517 |
| &nbsp;&nbsp; 4.79% to 05/09/2028 then SOFR + 1.45%, 05/09/2029 <sup>(a)</sup> | 5000000 | 5026502 |
|  Brown & Brown, Inc., 4.70%, 06/23/2028 | 4500000 | 4539320 |
|  CaixaBank SA, 4.63% to 07/03/2028 then SOFR + 1.14%, 07/03/2029 <sup>(a)</sup> | 400000 | 401085 |
|  Citigroup, Inc., 4.64% to 05/07/2027 then SOFR + 1.14%, 05/07/2028 | 3850000 | 3860715 |
|  Commonwealth Bank of Australia, 4.97% (SOFR + 0.52%), 06/15/2026 <sup>(a)</sup> | 525000 | 526301 |
| Cooperatieve Rabobank UA | Cooperatieve Rabobank UA | Cooperatieve Rabobank UA |
| &nbsp;&nbsp; 5.06% (SOFR + 0.70%), 07/18/2025 | 658000 | 658143 |
| &nbsp;&nbsp; 4.66% to 08/22/2027 then 1 yr. CMT Rate + 1.75%, 08/22/2028 <sup>(a)</sup> | 2000000 | 2012040 |
|  Credit Agricole SA, 5.23% to 01/09/2028 then SOFR + 1.13%, 01/09/2029 <sup>(a)</sup> | 3250000 | 3304096 |
|  Danske Bank AS, 5.43% to 03/01/2027 then 1 yr. CMT Rate + 0.95%, 03/01/2028 <sup>(a)</sup> | 4400000 | 4477420 |
|  Extra Space Storage LP, 5.70%, 04/01/2028 | 2200000 | 2272964 |
| Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. |
| &nbsp;&nbsp; 5.45% (SOFR + 1.07%), 08/10/2026 | 360000 | 360353 |
| &nbsp;&nbsp; 4.94% (SOFR + 1.32%), 04/23/2028 | 4200000 | 4234364 |
| &nbsp;&nbsp; 3.81% to 04/23/2028 then 3 mo. Term SOFR + 1.42%, 04/23/2029 | 2000000 | 1968488 |
| &nbsp;&nbsp; 5.73% to 04/25/2029 then SOFR + 1.27%, 04/25/2030 | 6300000 | 6559355 |
| &nbsp;&nbsp; 4.69% to 10/23/2029 then SOFR + 1.14%, 10/23/2030 | 1450000 | 1454676 |
| HSBC Holdings PLC | HSBC Holdings PLC | HSBC Holdings PLC |
| &nbsp;&nbsp; 5.13% to 11/19/2027 then SOFR + 1.04%, 11/19/2028 | 4000000 | 4051694 |
| &nbsp;&nbsp; 5.55% to 03/04/2029 then SOFR + 1.46%, 03/04/2030 | 3550000 | 3656409 |
| JPMorgan Chase & Co. | JPMorgan Chase & Co. | JPMorgan Chase & Co. |
| &nbsp;&nbsp; 1.05% to 11/19/2025 then SOFR + 0.80%, 11/19/2026 | 1300000 | 1282553 |
| &nbsp;&nbsp; 6.07% to 10/22/2026 then SOFR + 1.33%, 10/22/2027 | 10000000 | 10219999 |
| &nbsp;&nbsp; 5.04% to 01/23/2027 then SOFR + 1.19%, 01/23/2028 | 6750000 | 6816176 |
| &nbsp;&nbsp; 5.57% to 04/22/2027 then SOFR + 0.93%, 04/22/2028 | 5495000 | 5609926 |
| &nbsp;&nbsp; 4.32% to 04/26/2027 then SOFR + 1.56%, 04/26/2028 | 2000000 | 1998856 |
| &nbsp;&nbsp; 4.51% to 10/22/2027 then SOFR + 0.86%, 10/22/2028 | 3550000 | 3561302 |
| &nbsp;&nbsp; 4.92% to 01/24/2028 then SOFR + 0.80%, 01/24/2029 | 2450000 | 2483499 |
|  Kite Realty Group Trust, 4.75%, 09/15/2030 | 4300000 | 4294724 |
| Lloyds Banking Group PLC | Lloyds Banking Group PLC | Lloyds Banking Group PLC |
| &nbsp;&nbsp; 5.09% to 11/26/2027 then 1 yr. CMT Rate + 0.85%, 11/26/2028 | 750000 | 760067 |
| &nbsp;&nbsp; 4.82% to 06/13/2028 then 1 yr. CMT Rate + 0.83%, 06/13/2029 | 800000 | 807358 |
|  LPL Holdings, Inc., 5.70%, 05/20/2027 | 6850000 | 6982353 |
| Morgan Stanley | Morgan Stanley | Morgan Stanley |
| &nbsp;&nbsp; 4.68% to 07/17/2025 then SOFR + 1.67%, 07/17/2026 | 2500000 | 2499636 |
| &nbsp;&nbsp; 6.14% to 10/16/2025 then SOFR + 1.77%, 10/16/2026 | 1250000 | 1255451 |
| &nbsp;&nbsp; 5.05% to 01/28/2026 then SOFR + 1.30%, 01/28/2027 | 2500000 | 2507876 |
| &nbsp;&nbsp; 4.99% (SOFR + 1.38%), 04/12/2029 | 10000000 | 10146820 |
| &nbsp;&nbsp; 5.66% to 04/18/2029 then SOFR + 1.26%, 04/18/2030 | 3125000 | 3246573 |
| Morgan Stanley Bank NA | Morgan Stanley Bank NA | Morgan Stanley Bank NA |
| &nbsp;&nbsp; 5.50% to 05/26/2027 then SOFR + 0.87%, 05/26/2028 | 4250000 | 4341501 |
| &nbsp;&nbsp; 4.97% to 07/14/2027 then SOFR + 0.93%, 07/14/2028 | 2100000 | 2125572 |
| &nbsp;&nbsp; 5.02% to 01/12/2028 then SOFR + 0.91%, 01/12/2029 | 1500000 | 1523651 |
| Penske Truck Leasing Co. Lp / PTL Finance Corp. | Penske Truck Leasing Co. Lp / PTL Finance Corp. | Penske Truck Leasing Co. Lp / PTL Finance Corp. |
| &nbsp;&nbsp; 5.35%, 01/12/2027 <sup>(a)</sup> | 3150000 | 3186681 |
| &nbsp;&nbsp; 4.40%, 07/01/2027 <sup>(a)</sup> | 2300000 | 2297393 |
| &nbsp;&nbsp; 5.25%, 02/01/2030 <sup>(a)</sup> | 3000000 | 3071616 |
|  PNC Bank NA, 4.54% to 05/13/2026 then SOFR + 0.63%, 05/13/2027 | 3000000 | 3001916 |
| Royal Bank of Canada | Royal Bank of Canada | Royal Bank of Canada |
| &nbsp;&nbsp; 4.51% to 10/18/2026 then SOFR + 0.72%, 10/18/2027 | 500000 | 501115 |
| &nbsp;&nbsp; 4.97% to 01/24/2028 then SOFR + 0.83%, 01/24/2029 | 4650000 | 4718646 |
|  State Street Corp., 4.54% (SOFR + 0.95%), 04/24/2028 | 600000 | 604038 |
| UBS Group AG | UBS Group AG | UBS Group AG |
| &nbsp;&nbsp; 4.75% to 05/12/2027 then 1 yr. CMT Rate + 1.75%, 05/12/2028 <sup>(a)</sup> | 2000000 | 2012371 |
| &nbsp;&nbsp; 5.43% to 02/08/2029 then 1 yr. CMT Rate + 1.52%, 02/08/2030 <sup>(a)</sup> | 2400000 | 2465380 |
| &nbsp;&nbsp; 5.62% to 09/13/2029 then 1 yr. SOFR Swap Rate USD + 1.34%, 09/13/2030 <sup>(a)</sup> | 4300000 | 4466006 |
|  US Bank NA, 4.73% to 05/15/2027 then SOFR + 0.91%, 05/15/2028 | 4000000 | 4021430 |
|  VICI Properties LP, 4.75%, 04/01/2028 | 6850000 | 6907608 |
| Wells Fargo & Co. | Wells Fargo & Co. | Wells Fargo & Co. |
| &nbsp;&nbsp; 4.90% to 01/24/2027 then SOFR + 0.78%, 01/24/2028 | 2000000 | 2015133 |
| &nbsp;&nbsp; 5.71% to 04/22/2027 then SOFR + 1.07%, 04/22/2028 | 4250000 | 4343731 |
| &nbsp;&nbsp; 4.97% (SOFR + 1.37%), 04/23/2029 | 6100000 | 6186162 |
| &nbsp;&nbsp; 5.57% to 07/25/2028 then SOFR + 1.74%, 07/25/2029 | 3850000 | 3975910 |
|  |  | 226753535 |
| **Health Care - 1.3%** | **Health Care - 1.3%** | **Health Care - 1.3%** |
|  Amgen, Inc., 5.15%, 03/02/2028 | 2600000 | 2657380 |
|  HCA, Inc., 5.00%, 03/01/2028 | 3000000 | 3045461 |
|  Icon Investments Six DAC, 5.81%, 05/08/2027 | 2800000 | 2859598 |
|  IQVIA, Inc., 5.70%, 05/15/2028 | 3850000 | 3950350 |
|  |  | 12512789 |
| **Industrials - 4.7%** | **Industrials - 4.7%** | **Industrials - 4.7%** |
| BAE Systems PLC | BAE Systems PLC | BAE Systems PLC |
| &nbsp;&nbsp; 5.00%, 03/26/2027 <sup>(a)</sup> | 2800000 | 2833458 |
| &nbsp;&nbsp; 5.13%, 03/26/2029 <sup>(a)</sup> | 2000000 | 2050698 |
|  Boeing Co., 6.26%, 05/01/2027 | 1150000 | 1183611 |
|  Element Fleet Management Corp., 5.64%, 03/13/2027 <sup>(a)</sup> | 4600000 | 4673294 |
|  IDEX Corp., 4.95%, 09/01/2029 | 2050000 | 2084319 |
|  Lennox International, Inc., 5.50%, 09/15/2028 | 5900000 | 6086164 |
|  Molex Electronic Technologies LLC, 4.75%, 04/30/2028 <sup>(a)</sup> | 4200000 | 4227134 |
|  Nordson Corp., 4.50%, 12/15/2029 | 6375000 | 6381710 |
|  Quanta Services, Inc., 4.75%, 08/09/2027 | 3240000 | 3268452 |
| Regal Rexnord Corp. | Regal Rexnord Corp. | Regal Rexnord Corp. |
| &nbsp;&nbsp; 6.05%, 02/15/2026 | 6412000 | 6450009 |
| &nbsp;&nbsp; 6.05%, 04/15/2028 | 1153000 | 1188483 |
|  Veralto Corp., 5.50%, 09/18/2026 | 2000000 | 2024364 |
|  Weir Group PLC, 2.20%, 05/13/2026 <sup>(a)</sup> | 4015000 | 3916370 |
|  |  | 46368066 |
| **Materials - 1.3%** | **Materials - 1.3%** | **Materials - 1.3%** |
|  Amcor Flexibles North America, Inc., 4.80%, 03/17/2028 <sup>(a)</sup> | 3200000 | 3223807 |
|  Amrize Finance US LLC, 4.70%, 04/07/2028 <sup>(a)</sup> | 1200000 | 1211225 |
|  Georgia-Pacific LLC, 4.40%, 06/30/2028 <sup>(a)</sup> | 2100000 | 2111074 |
|  Rio Tinto Finance USA PLC, 4.50%, 03/14/2028 | 700000 | 705700 |
|  Sonoco Products Co., 4.45%, 09/01/2026 | 6075000 | 6070444 |
|  |  | 13322250 |
| **Technology - 5.0%** | **Technology - 5.0%** | **Technology - 5.0%** |
|  Booz Allen Hamilton, Inc., 3.88%, 09/01/2028 <sup>(a)</sup> | 9648000 | 9361847 |
| Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. |
| &nbsp;&nbsp; 4.15%, 02/15/2028 | 2300000 | 2293741 |
| &nbsp;&nbsp; 4.80%, 04/15/2028 | 1800000 | 1826453 |
| &nbsp;&nbsp; 5.05%, 07/12/2029 | 4800000 | 4917124 |
|  CDW LLC / CDW Finance Corp., 5.10%, 03/01/2030 | 5600000 | 5643680 |
|  Concentrix Corp., 6.65%, 08/02/2026 | 5800000 | 5907202 |
| Flex Ltd. | Flex Ltd. | Flex Ltd. |
| &nbsp;&nbsp; 3.75%, 02/01/2026 | 305000 | 303045 |
| &nbsp;&nbsp; 6.00%, 01/15/2028 | 2000000 | 2063999 |
|  Hewlett Packard Enterprise Co., 4.55%, 10/15/2029 | 3500000 | 3483305 |
|  Infor LLC, 1.75%, 07/15/2025 <sup>(a)</sup> | 2800000 | 2796159 |
|  Kyndryl Holdings, Inc., 2.05%, 10/15/2026 | 2775000 | 2690046 |
|  Microchip Technology, Inc., 4.90%, 03/15/2028 | 6000000 | 6067311 |
|  Synopsys, Inc., 4.65%, 04/01/2028 | 2000000 | 2020763 |
|  |  | 49374675 |
| **Utilities - 6.2%** | **Utilities - 6.2%** | **Utilities - 6.2%** |
|  Ameren Corp., 5.00%, 01/15/2029 | 3850000 | 3921189 |
|  Dominion Energy, Inc., 4.60%, 05/15/2028 | 4100000 | 4128162 |
| DTE Energy Co. | DTE Energy Co. | DTE Energy Co. |
| &nbsp;&nbsp; 4.95%, 07/01/2027 | 3000000 | 3035898 |
| &nbsp;&nbsp; 5.10%, 03/01/2029 | 8850000 | 9027577 |
|  Edison International, 5.45%, 06/15/2029 | 2601000 | 2573680 |
|  Essential Utilities, Inc., 4.80%, 08/15/2027 | 3100000 | 3133746 |
|  Exelon Corp., 5.15%, 03/15/2029 | 4650000 | 4772685 |
|  FirstEnergy Corp., 3.90%, 07/15/2027 <sup>(b)</sup> | 2600000 | 2571671 |
|  NiSource, Inc., 5.20%, 07/01/2029 | 2700000 | 2773004 |
|  OGE Energy Corp., 5.45%, 05/15/2029 | 1650000 | 1710023 |
|  Pinnacle West Capital Corp., 4.90%, 05/15/2028 | 4200000 | 4260052 |
|  Public Service Enterprise Group, Inc., 5.88%, 10/15/2028 | 10000000 | 10470394 |
|  Virginia Power Fuel Securitization LLC, 5.09%, 05/01/2027 | 1337289 | 1345097 |
|  Vistra Operations Co. LLC, 5.05%, 12/30/2026 <sup>(a)</sup> | 5950000 | 5982808 |
|  Xcel Energy, Inc., 4.75%, 03/21/2028 | 1800000 | 1817993 |
|  |  | 61523979 |
| **TOTAL CORPORATE BONDS** (Cost $521,734,613) | **TOTAL CORPORATE BONDS** (Cost $521,734,613) | 529441375 |
| **U.S. TREASURY SECURITIES - 14.6%** | **Par** | **Value** |
| United States Treasury Note/Bond | United States Treasury Note/Bond | United States Treasury Note/Bond |
| &nbsp;&nbsp; 2.50%, 03/31/2027 | 2000000 | 1957617 |
| &nbsp;&nbsp; 0.50%, 04/30/2027 | 15000000 | 14146289 |
| &nbsp;&nbsp; 4.50%, 05/15/2027 | 5000000 | 5066602 |
| &nbsp;&nbsp; 2.63%, 05/31/2027 | 11000000 | 10774844 |
| &nbsp;&nbsp; 4.13%, 10/31/2027 | 19000000 | 19175898 |
| &nbsp;&nbsp; 4.25%, 02/15/2028 | 8000000 | 8109375 |
| &nbsp;&nbsp; 4.00%, 02/29/2028 | 10000000 | 10077344 |
| &nbsp;&nbsp; 3.88%, 03/15/2028 | 15000000 | 15074414 |
| &nbsp;&nbsp; 1.25%, 03/31/2028 | 12000000 | 11238281 |
| &nbsp;&nbsp; 3.75%, 04/15/2028 | 20000000 | 20028125 |
| &nbsp;&nbsp; 3.63%, 05/31/2028 | 13000000 | 12974609 |
| &nbsp;&nbsp; 4.63%, 09/30/2028 | 8000000 | 8223438 |
| &nbsp;&nbsp; 4.38%, 11/30/2028 | 7000000 | 7147383 |
| **TOTAL U.S. TREASURY SECURITIES** (Cost $143,450,556) | **TOTAL U.S. TREASURY SECURITIES** (Cost $143,450,556) | 143994219 |
| **ASSET-BACKED SECURITIES - 12.7%** | **Par** | **Value** |
| AmeriCredit Automobile Receivables Trust | AmeriCredit Automobile Receivables Trust | AmeriCredit Automobile Receivables Trust |
| &nbsp;&nbsp; Series 2021-3, Class B, 1.17%, 08/18/2027 | 753735 | 752350 |
| &nbsp;&nbsp; Series 2022-2, Class A3, 4.38%, 04/18/2028 | 50038 | 50009 |
| &nbsp;&nbsp; Series 2023-2, Class A2, 6.19%, 04/19/2027 | 310909 | 311277 |
|  Amur Equipment Finance Receivables LLC, Series 2025-1A, Class A2, 4.70%, 09/22/2031 <sup>(a)</sup> | 700000 | 703539 |
|  Bank of America Auto Trust, Series 2025-1A, Class A2A, 4.52%, 11/22/2027 <sup>(a)</sup> | 1300000 | 1300137 |
|  CC Towers Guarantor LLC, Series 4.24100, 4.24%, 07/15/2028 <sup>(a)</sup> | 1450000 | 1423325 |
|  DailyPay LLC, Series 2025-1A, Class A, 5.63%, 06/25/2028 <sup>(a)</sup> | 900000 | 907215 |
|  DT Auto Owner Trust, Series 2021-3A, Class D, 1.31%, 05/17/2027 <sup>(a)</sup> | 947718 | 932850 |
|  Flagship Credit Auto Trust, Series 2022-1, Class C, 3.06%, 03/15/2028 <sup>(a)</sup> | 3300000 | 3265339 |
| Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust |
| &nbsp;&nbsp; Series 2023-1, Class A, 4.85%, 08/15/2035 <sup>(a)</sup> | 2000000 | 2029194 |
| &nbsp;&nbsp; Series 2024-1, Class A, 4.87%, 08/15/2036 <sup>(a)(b)</sup> | 3300000 | 3361319 |
| &nbsp;&nbsp; Series 2024-A, Class B, 5.26%, 11/15/2029 | 3000000 | 3055999 |
|  GM Financial Revolving Receivables Trust, Series 2023-2, Class A, 5.77%, 08/11/2036 <sup>(a)</sup> | 2250000 | 2353930 |
|  GreenSky LLC, Series 2025-1A, Class A2, 5.12%, 03/25/2060 <sup>(a)</sup> | 725461 | 725515 |
| Hilton Grand Vacations, Inc. | Hilton Grand Vacations, Inc. | Hilton Grand Vacations, Inc. |
| &nbsp;&nbsp; Series 2020-AA, Class A, 2.74%, 02/25/2039 <sup>(a)</sup> | 75575 | 73603 |
| &nbsp;&nbsp; Series 2022-2A, Class A, 4.30%, 01/25/2037 <sup>(a)</sup> | 582409 | 577645 |
| &nbsp;&nbsp; Series 2023-1A, Class A, 5.72%, 01/25/2038 <sup>(a)</sup> | 1366546 | 1384696 |
| &nbsp;&nbsp; Series 2024-1B, Class A, 5.75%, 09/15/2039 <sup>(a)</sup> | 833230 | 846205 |
| &nbsp;&nbsp; Series 2024-2A, Class A, 5.50%, 03/25/2038 <sup>(a)</sup> | 2006866 | 2048917 |
| &nbsp;&nbsp; Series 2024-3A, Class A, 4.98%, 08/27/2040 <sup>(a)</sup> | 2302467 | 2325573 |
| Lendbuzz Securitization Trust | Lendbuzz Securitization Trust | Lendbuzz Securitization Trust |
| &nbsp;&nbsp; Series 2024-2A, Class A2, 5.99%, 05/15/2029 <sup>(a)</sup> | 3125550 | 3151959 |
| &nbsp;&nbsp; Series 2025-1A, Class A2, 5.10%, 10/15/2030 <sup>(a)</sup> | 1550000 | 1554028 |
| Marriott Vacations Worldwide Corp. | Marriott Vacations Worldwide Corp. | Marriott Vacations Worldwide Corp. |
| &nbsp;&nbsp; Series 2020-1A, Class A, 1.74%, 10/20/2037 <sup>(a)</sup> | 124678 | 119108 |
| &nbsp;&nbsp; Series 2021-1WA, Class A, 1.14%, 01/22/2041 <sup>(a)</sup> | 405636 | 385073 |
| &nbsp;&nbsp; Series 2022-1A, Class A, 4.15%, 11/21/2039 <sup>(a)</sup> | 326935 | 322692 |
| MVW Owner Trust | MVW Owner Trust | MVW Owner Trust |
| &nbsp;&nbsp; Series 2024-1A, Class A, 5.32%, 02/20/2043 <sup>(a)</sup> | 3648850 | 3715425 |
| &nbsp;&nbsp; Series 2024-2A, Class A, 4.43%, 03/20/2042 <sup>(a)</sup> | 3303090 | 3300791 |
| Navient Student Loan Trust | Navient Student Loan Trust | Navient Student Loan Trust |
| &nbsp;&nbsp; Series 2018-BA, Class A2A, 3.61%, 12/15/2059 <sup>(a)</sup> | 109127 | 108519 |
| &nbsp;&nbsp; Series 2018-DA, Class A2A, 4.00%, 12/15/2059 <sup>(a)</sup> | 209970 | 207541 |
| &nbsp;&nbsp; Series 2019-BA, Class A2A, 3.39%, 12/15/2059 <sup>(a)</sup> | 545792 | 528050 |
| &nbsp;&nbsp; Series 2019-EA, Class A2A, 2.64%, 05/15/2068 <sup>(a)</sup> | 414325 | 405595 |
| &nbsp;&nbsp; Series 2020-1A, Class A1B, 5.47% (30 day avg SOFR US + 1.16%), 06/25/2069 <sup>(a)</sup> | 1229346 | 1214548 |
| &nbsp;&nbsp; Series 2020-2A, Class A1A, 1.32%, 08/26/2069 <sup>(a)</sup> | 1902009 | 1668809 |
| &nbsp;&nbsp; Series 2020-A, Class A2A, 2.46%, 11/15/2068 <sup>(a)</sup> | 385179 | 369964 |
| &nbsp;&nbsp; Series 2020-BA, Class A2, 2.12%, 01/15/2069 <sup>(a)</sup> | 4018436 | 3819055 |
| &nbsp;&nbsp; Series 2020-DA, Class A, 1.69%, 05/15/2069 <sup>(a)</sup> | 924741 | 864710 |
| &nbsp;&nbsp; Series 2020-EA, Class A, 1.69%, 05/15/2069 <sup>(a)</sup> | 8413310 | 7855688 |
| &nbsp;&nbsp; Series 2020-FA, Class A, 1.22%, 07/15/2069 <sup>(a)</sup> | 387034 | 360349 |
| &nbsp;&nbsp; Series 2020-GA, Class A, 1.17%, 09/16/2069 <sup>(a)</sup> | 372202 | 346549 |
| &nbsp;&nbsp; Series 2020-HA, Class A, 1.31%, 01/15/2069 <sup>(a)</sup> | 4073325 | 3813803 |
| &nbsp;&nbsp; Series 2021-1A, Class A1B, 5.02% (30 day avg SOFR US + 0.71%), 12/26/2069 <sup>(a)</sup> | 880487 | 863970 |
| &nbsp;&nbsp; Series 2021-2A, Class A1B, 4.97% (30 day avg SOFR US + 0.66%), 02/25/2070 <sup>(a)</sup> | 1807713 | 1793685 |
| &nbsp;&nbsp; Series 2021-A, Class A, 0.84%, 05/15/2069 <sup>(a)</sup> | 445344 | 405756 |
| &nbsp;&nbsp; Series 2021-CA, Class A, 1.06%, 10/15/2069 <sup>(a)</sup> | 4879939 | 4374930 |
| &nbsp;&nbsp; Series 2021-FA, Class A, 1.11%, 02/18/2070 <sup>(a)</sup> | 1306919 | 1146192 |
| &nbsp;&nbsp; Series 2022-A, Class A, 2.23%, 07/15/2070 <sup>(a)</sup> | 1747924 | 1597119 |
| &nbsp;&nbsp; Series 2022-BA, Class A, 4.16%, 10/15/2070 <sup>(a)</sup> | 5333720 | 5178922 |
| &nbsp;&nbsp; Series 2024-A, Class A, 5.66%, 10/15/2072 <sup>(a)</sup> | 1861368 | 1889400 |
| &nbsp;&nbsp; Series 2025-A, Class A, 5.02%, 07/15/2055 <sup>(a)</sup> | 1200000 | 1209621 |
|  Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36%, 04/20/2062 <sup>(a)</sup> | 1364749 | 1271160 |
|  OWN Tactical Equipment I LLC, Series 2025-1M, Class A, 5.48%, 09/26/2033 <sup>(a)</sup> | 700000 | 702158 |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust |
| &nbsp;&nbsp; Series 2024-11, Class B, 5.64%, 07/15/2032 <sup>(a)</sup> | 899897 | 901886 |
| &nbsp;&nbsp; Series 2025-1, Class A2, 5.16%, 07/15/2032 <sup>(a)</sup> | 1399880 | 1404380 |
|  Reach Financial LLC, Series 2025-1A, Class A, 4.96%, 08/16/2032 <sup>(a)</sup> | 753138 | 753641 |
| Santander Consumer USA Holdings, Inc. | Santander Consumer USA Holdings, Inc. | Santander Consumer USA Holdings, Inc. |
| &nbsp;&nbsp; Series 2022-3, Class B, 4.13%, 08/16/2027 | 91657 | 91630 |
| &nbsp;&nbsp; Series 2024-1, Class A3, 5.25%, 04/17/2028 | 1249139 | 1251112 |
| &nbsp;&nbsp; Series 2024-4, Class A2, 5.41%, 07/15/2027 | 326519 | 326805 |
| &nbsp;&nbsp; Series 2024-5, Class A2, 4.88%, 09/15/2027 | 1676490 | 1676503 |
| &nbsp;&nbsp; Series 2024-5, Class A3, 4.62%, 11/15/2028 | 2000000 | 2001639 |
| &nbsp;&nbsp; Series 2024-5, Class C, 4.78%, 01/15/2031 | 725000 | 727273 |
| &nbsp;&nbsp; Series 2025-1, Class A3, 4.74%, 01/16/2029 | 2700000 | 2702652 |
| &nbsp;&nbsp; Series 2025-1, Class B, 4.88%, 03/17/2031 | 5000000 | 5022392 |
| &nbsp;&nbsp; Series 2025-2, Class A2, 4.71%, 06/15/2028 | 3000000 | 2995980 |
|  SBNA Auto Receivables Trust 2024-A, Series 2024-A, Class B, 5.29%, 09/17/2029 <sup>(a)</sup> | 1000000 | 1009996 |
| SMB Private Education Loan Trust | SMB Private Education Loan Trust | SMB Private Education Loan Trust |
| &nbsp;&nbsp; Series 2017-A, Class A2A, 2.88%, 09/15/2034 <sup>(a)</sup> | 84737 | 84405 |
| &nbsp;&nbsp; Series 2018-A, Class A2A, 3.50%, 02/15/2036 <sup>(a)</sup> | 150013 | 147796 |
| &nbsp;&nbsp; Series 2018-B, Class A2A, 3.60%, 01/15/2037 <sup>(a)</sup> | 448088 | 442386 |
| &nbsp;&nbsp; Series 2018-C, Class A2A, 3.63%, 11/15/2035 <sup>(a)</sup> | 492388 | 483958 |
| &nbsp;&nbsp; Series 2019-A, Class A2A, 3.44%, 07/15/2036 <sup>(a)</sup> | 1173840 | 1155501 |
| &nbsp;&nbsp; Series 2020-B, Class A1A, 1.29%, 07/15/2053 <sup>(a)</sup> | 1006348 | 944744 |
| &nbsp;&nbsp; Series 2021-A, Class APT2, 1.07%, 01/15/2053 <sup>(a)</sup> | 1497800 | 1350808 |
| &nbsp;&nbsp; Series 2021-D, Class A1A, 1.34%, 03/17/2053 <sup>(a)</sup> | 1411566 | 1319941 |
| &nbsp;&nbsp; Series 2021-E, Class A1A, 1.68%, 02/15/2051 <sup>(a)</sup> | 1401227 | 1310689 |
| &nbsp;&nbsp; Series 2022-B, Class A1A, 3.94%, 02/16/2055 <sup>(a)</sup> | 5461531 | 5316236 |
|  SoFi Consumer Loan Program Trust, Series 2025-2, Class A, 4.82%, 06/25/2034 <sup>(a)</sup> | 950000 | 953655 |
| Verizon Master Trust | Verizon Master Trust | Verizon Master Trust |
| &nbsp;&nbsp; Series 2024-2, Class A, 4.83%, 12/22/2031 <sup>(a)</sup> | 2750000 | 2799736 |
| &nbsp;&nbsp; Series 2024-5, Class A, 5.00%, 06/21/2032 <sup>(a)</sup> | 2350000 | 2400534 |
|  Veros Automobile Receivables Trust, Series 2022-1, Class D, 7.23%, 07/16/2029 <sup>(a)</sup> | 2790000 | 2797081 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $126,076,435) | **TOTAL ASSET-BACKED SECURITIES** (Cost $126,076,435) | 125347165 |
| **COLLATERALIZED LOAN OBLIGATIONS - 9.6%** | **Par** | **Value** |
|  Benefit Street Partners CLO Ltd., Series 2021-25A, Class A1R, 5.26% (3 mo. Term SOFR + 1.00%), 01/15/2035 <sup>(a)</sup> | 3750000 | 3752682 |
|  Buttermilk Park CLO, Series 2018-1A, Class A1R, 5.34% (3 mo. Term SOFR + 1.08%), 10/15/2031 <sup>(a)</sup> | 3101409 | 3105119 |
|  Carlyle Group, Inc., Series 2014-3RA, Class A1A, 5.59% (3 mo. Term SOFR + 1.31%), 07/27/2031 <sup>(a)</sup> | 85642 | 85677 |
|  CarVal CLO, Series 2018-1A, Class AR, 5.49% (3 mo. Term SOFR + 1.23%), 07/16/2031 <sup>(a)</sup> | 9280980 | 9294902 |
|  CIFC Funding Ltd., Series 2015-1A, Class ARR, 5.64% (3 mo. Term SOFR + 1.37%), 01/22/2031 <sup>(a)</sup> | 782481 | 783405 |
| Dryden Senior Loan Fund | Dryden Senior Loan Fund | Dryden Senior Loan Fund |
| &nbsp;&nbsp; Series 2013-30A, Class AR, 5.41% (3 mo. Term SOFR + 1.08%), 11/15/2028 <sup>(a)</sup> | 15128 | 15129 |
| &nbsp;&nbsp; Series 2017-53A, Class AR, 0.00% (3 mo. Term SOFR + 1.00%), 01/15/2031 <sup>(a)</sup> | 4420000 | 4423315 |
| &nbsp;&nbsp; Series 2018-55A, Class A1, 5.54% (3 mo. Term SOFR + 1.28%), 04/15/2031 <sup>(a)</sup> | 991184 | 993534 |
|  Elmwood CLO Ltd., Series 2022-2A, Class A1R, 1.15% (3 mo. Term SOFR + 1.15%), 04/22/2035 <sup>(a)</sup> | 2000000 | 2001500 |
|  Fort Greene Park CLO, Series 2025-2A, Class AR, 5.22% (3 mo. Term SOFR + 0.95%), 04/22/2034 <sup>(a)</sup> | 2100000 | 2098780 |
|  GoldenTree Loan Management US CLO, Series 2017-1A, Class A1R3, 5.24% (3 mo. Term SOFR + 0.97%), 04/20/2034 <sup>(a)</sup> | 6100000 | 6102469 |
| Magnetite CLO Ltd. | Magnetite CLO Ltd. | Magnetite CLO Ltd. |
| &nbsp;&nbsp; Series 2015-12A, Class AR4, 5.41% (3 mo. Term SOFR + 1.15%), 10/15/2031 <sup>(a)</sup> | 3499877 | 3503847 |
| &nbsp;&nbsp; Series 2019-22A, Class ARR, 5.51% (3 mo. Term SOFR + 1.25%), 07/15/2036 <sup>(a)</sup> | 2100000 | 2101091 |
| &nbsp;&nbsp; Series 2019-24A, Class BR, 6.01% (3 mo. Term SOFR + 1.75%), 04/15/2035 <sup>(a)</sup> | 250000 | 250845 |
| &nbsp;&nbsp; Series 2020-25A, Class A, 5.74% (3 mo. Term SOFR + 1.46%), 01/25/2032 <sup>(a)</sup> | 3464832 | 3470911 |
| &nbsp;&nbsp; Series 2020-25A, Class B, 6.09% (3 mo. Term SOFR + 1.81%), 01/25/2032 <sup>(a)</sup> | 1300000 | 1303611 |
| &nbsp;&nbsp; Series 2020-26A, Class AR2, 5.42% (3 mo. Term SOFR + 1.15%), 01/25/2038 <sup>(a)</sup> | 5500000 | 5500052 |
| &nbsp;&nbsp; Series 2020-27A, Class BR, 6.08% (3 mo. Term SOFR + 1.81%), 10/20/2034 <sup>(a)</sup> | 2000000 | 2004983 |
| Neuberger Berman CLO Ltd. | Neuberger Berman CLO Ltd. | Neuberger Berman CLO Ltd. |
| &nbsp;&nbsp; Series 2019-32A, Class AR, 5.52% (3 mo. Term SOFR + 1.25%), 01/20/2032 <sup>(a)</sup> | 1738549 | 1741482 |
| &nbsp;&nbsp; Series 2021-42A, Class AR, 5.21% (3 mo. Term SOFR + 0.95%), 07/16/2035 <sup>(a)</sup> | 6250000 | 6235937 |
| &nbsp;&nbsp; Series 2021-43A, Class BR, 5.73% (3 mo. Term SOFR + 1.45%), 07/17/2036 <sup>(a)</sup> | 5250000 | 5221676 |
| &nbsp;&nbsp; Series 2022-49A, Class AR, 5.43% (3 mo. Term SOFR + 1.15%), 07/25/2035 <sup>(a)</sup> | 4250000 | 4251759 |
|  Palmer Square CLO Ltd., Series 2015-1A, Class A1A5, 5.37% (3 mo. Term SOFR + 1.05%), 05/21/2034 <sup>(a)</sup> | 5000000 | 4995865 |
| Palmer Square Loan Funding Ltd. | Palmer Square Loan Funding Ltd. | Palmer Square Loan Funding Ltd. |
| &nbsp;&nbsp; Series 2021-4A, Class A1, 5.32% (3 mo. Term SOFR + 1.06%), 10/15/2029 <sup>(a)</sup> | 438581 | 438795 |
| &nbsp;&nbsp; Series 2021-4A, Class A2, 5.92% (3 mo. Term SOFR + 1.66%), 10/15/2029 <sup>(a)</sup> | 1856000 | 1862758 |
| &nbsp;&nbsp; Series 2024-1A, Class A1, 5.31% (3 mo. Term SOFR + 1.05%), 10/15/2032 <sup>(a)</sup> | 4272970 | 4276177 |
| &nbsp;&nbsp; Series 2024-2A, Class A1N, 5.26% (3 mo. Term SOFR + 1.00%), 01/15/2033 <sup>(a)</sup> | 6907747 | 6908397 |
| &nbsp;&nbsp; Series 2025-2A, Class A1, 0.00% (3 mo. Term SOFR + 0.94%), 07/15/2033 <sup>(a)</sup> | 5000000 | 5003750 |
| TIAA CLO Ltd. | TIAA CLO Ltd. | TIAA CLO Ltd. |
| &nbsp;&nbsp; Series 2018-1A, Class A1AR, 5.41% (3 mo. Term SOFR + 1.14%), 01/20/2032 <sup>(a)</sup> | 1180284 | 1181824 |
| &nbsp;&nbsp; Series 2018-1A, Class A2R, 6.02% (3 mo. Term SOFR + 1.75%), 01/20/2032 <sup>(a)</sup> | 2000000 | 2004997 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $94,894,598) | **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $94,894,598) | 94915269 |
| **BANK LOANS - 7.0%** | **Par** | **Value** |
| **Consumer Discretionary - 1.1%** | **Consumer Discretionary - 1.1%** | **Consumer Discretionary - 1.1%** |
|  Allied Universal Holdco LLC, Senior Secured First Lien, 8.28% (1 mo. SOFR US + 3.75%), 05/15/2028 | 4355617 | 4381293 |
|  Belron Finance 2019 LLC, Senior Secured First Lien, 7.05% (3 mo. SOFR US + 2.75%), 10/16/2031 | 1488750 | 1497347 |
|  Carnival Corp., Senior Secured First Lien, 6.31% (1 mo. SOFR US + 2.00%), 10/18/2028 | 410510 | 411344 |
|  ClubCorp Holdings, Inc., Senior Secured First Lien, 9.82% (3 mo. SOFR US + 5.00%), 09/18/2026 | 1636433 | 1640524 |
|  Hilton Grand Vacations Borrower LLC, Senior Secured First Lien, 6.33% (1 mo. SOFR US + 2.00%), 08/02/2028 | 1397273 | 1398475 |
|  SeaWorld Parks & Entertainment, Inc., Senior Secured First Lien, 6.33% (1 mo. SOFR US + 2.00%), 12/04/2031 | 2001432 | 2002683 |
|  |  | 11331666 |
| **Financials - 1.7%** | **Financials - 1.7%** | **Financials - 1.7%** |
|  Avolon TLB Borrower 1 US LLC, Senior Secured First Lien, 6.07% (1 mo. SOFR US + 1.75%), 06/24/2030 | 3120856 | 3126630 |
|  CoreLogic, Inc., Senior Secured First Lien, 8.06% (1 mo. SOFR US + 3.50%), 06/02/2028 | 3368750 | 3338751 |
|  Deerfield Dakota Holding LLC, Senior Secured First Lien, 8.05% (3 mo. SOFR US + 3.75%), 04/09/2027 | 3249200 | 3164818 |
|  Delos Aircraft DAC, Senior Secured First Lien, 6.05% (3 mo. SOFR US + 1.75%), 10/29/2027 | 1650000 | 1658077 |
|  HUB International Ltd., Senior Secured First Lien, 6.77% (3 mo. SOFR US + 2.50%), 06/20/2030 | 5038034 | 5058790 |
|  |  | 16347066 |
| **Health Care - 0.7%** | **Health Care - 0.7%** | **Health Care - 0.7%** |
|  Elanco Animal Health, Inc., Senior Secured First Lien, 6.27% (1 mo. SOFR US + 1.75%), 08/02/2027 | 2891274 | 2892011 |
|  Medline Borrower LP, Senior Secured First Lien, 6.58% (1 mo. SOFR US + 2.25%), 10/23/2028 | 4486156 | 4496362 |
|  |  | 7388373 |
| **Industrials - 1.5%** | **Industrials - 1.5%** | **Industrials - 1.5%** |
|  Indicor LLC, Senior Secured First Lien, 7.05% (3 mo. SOFR US + 2.75%), 11/23/2029 | 3920598 | 3917658 |
|  SPX FLOW, Inc., Senior Secured First Lien, 7.33% (1 mo. SOFR US + 3.00%), 04/05/2029 | 800424 | 804170 |
|  TransDigm, Inc., Senior Secured First Lien, 6.80% (3 mo. SOFR US + 2.50%), 02/28/2031 | 9818325 | 9846847 |
|  |  | 14568675 |
| **Materials - 0.8%** | **Materials - 0.8%** | **Materials - 0.8%** |
| Proampac PG Borrower LLC, Senior Secured First Lien | Proampac PG Borrower LLC, Senior Secured First Lien | Proampac PG Borrower LLC, Senior Secured First Lien |
| &nbsp;&nbsp; 8.26% (3 mo. SOFR US + 4.00%), 09/15/2028 | 2798727 | 2813071 |
| &nbsp;&nbsp; 8.32% (3 mo. SOFR US + 4.00%), 09/15/2028 | 1802721 | 1811960 |
|  Quikrete Holdings, Inc., Senior Secured First Lien, 6.58% (1 mo. SOFR US + 2.25%), 04/14/2031 | 2954897 | 2953050 |
|  |  | 7578081 |
| **Technology - 1.2%** | **Technology - 1.2%** | **Technology - 1.2%** |
|  Ellucian Holdings, Inc., Senior Secured First Lien, 7.33% (1 mo. SOFR US + 3.00%), 10/08/2029 | 954256 | 957686 |
|  Polaris Newco LLC, Senior Secured First Lien, 8.41% (3 mo. SOFR US + 3.75%), 06/05/2028 | 1954315 | 1907216 |
|  Tempo Acquisition LLC, Senior Secured First Lien, 6.08% (1 mo. SOFR US + 1.75%), 08/31/2028 | 2178121 | 2171663 |
|  UKG, Inc., Senior Secured First Lien, 7.31% (1 mo. SOFR US + 3.00%), 02/10/2031 | 6900147 | 6933993 |
|  |  | 11970558 |
| **TOTAL BANK LOANS** (Cost $68,742,730) | **TOTAL BANK LOANS** (Cost $68,742,730) | 69184419 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 1.9%** | **Par** | **Value** |
|  Angel Oak Mortgage Trust LLC, Series 2025-7, Class A1, 5.51%, 06/25/2070 <sup>(a)(c)</sup> | 2600000 | 2612625 |
|  BRAVO Residential Funding Trust, Series 2025-NQM5, Class A1, 5.50%, 02/25/2065 <sup>(a)(b)</sup> | 1582324 | 1588237 |
|  GCAT, Series 2025-NQM1, Class A1, 5.37%, 11/25/2069 <sup>(a)(b)</sup> | 2966493 | 2972990 |
| JP Morgan Mortgage Trust | JP Morgan Mortgage Trust | JP Morgan Mortgage Trust |
| &nbsp;&nbsp; Series 2025-5MPR, Class A1B, 5.59%, 11/25/2055 <sup>(a)(b)</sup> | 898818 | 903481 |
| &nbsp;&nbsp; Series 2025-NQM2, Class A1, 5.57%, 09/25/2065 <sup>(a)(c)</sup> | 2014717 | 2023467 |
|  LHOME Mortgage Trust, Series 2025-RTL1, Class A1, 5.65%, 01/25/2040 <sup>(a)(b)</sup> | 1000000 | 1003794 |
| Onslow Bay Mortgage Loan Trust | Onslow Bay Mortgage Loan Trust | Onslow Bay Mortgage Loan Trust |
| &nbsp;&nbsp; Series 2023-NQM3, Class A1, 5.95%, 02/25/2063 <sup>(a)(b)</sup> | 1498886 | 1510387 |
| &nbsp;&nbsp; Series 2025-NQM1, Class A1, 5.55%, 12/25/2064 <sup>(a)(c)</sup> | 1286556 | 1292048 |
| &nbsp;&nbsp; Series 2025-NQM10, Class A1, 5.45%, 05/25/2065 <sup>(a)(b)</sup> | 3280761 | 3297710 |
| &nbsp;&nbsp; Series 2025-NQM11, Class A1, 5.42%, 05/25/2065 <sup>(a)(b)</sup> | 1300000 | 1303253 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** (Cost $18,430,622) | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** (Cost $18,430,622) | 18507992 |
| **TOTAL INVESTMENTS - 99.4% (**Cost $973,329,554**)** | **TOTAL INVESTMENTS - 99.4% (**Cost $973,329,554**)** | 981390439 |
| Money Market Deposit Account - 1.0% <sup>(d)</sup> | Money Market Deposit Account - 1.0% <sup>(d)</sup> | 9515687 |
| Liabilities in Excess of Other Assets - (0.4)% | Liabilities in Excess of Other Assets - (0.4)% | (3991821) |
| **TOTAL NET ASSETS - 100.0%** |  | $986914305 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

---

| |
|:---|
| CMT - Constant Maturity Treasury |
| LLC - Limited Liability Company |
| LP - Limited Partnership |
| PLC - Public Limited Company |
| SOFR - Secured Overnight Financing Rate |

---

(a) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of June 30, 2025, the value of these securities total $333,929,097 or 33.8% of the Fund's net assets.

(b) Step coupon bond. The rate disclosed is as of June 30, 2025.

(c) Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral
 increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of June 30, 2025.

(d) The U.S. Bank Money Market Deposit Account (the "MMDA") is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on
 market conditions and is subject to change daily. The rate as of June 30, 2025 was 4.20%.

## Nport-Ex

#### Aristotle Funds Series Trust

#### NOTES TO SCHEDULE OF INVESTMENTS

#### As of June 30, 2025 (Unaudited)

Fair Value Measurements and Disclosure

The Trust characterizes its investments as Level 1, Level 2, or Level 3 based upon the various inputs or methodologies used to value the investments. Utilizing the valuation procedures, the Valuation Oversight Committee ("VOC") determines the level in which each investment is characterized. The VOC includes finance, operations, legal, risk and compliance members of the Trust's Adviser, and the Trust's Chief Legal Officer and Chief Compliance Officer. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that a Fund has the ability to access.

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

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

The VOC reviews the valuation procedure periodically (at least annually) to determine the appropriateness of the pricing methodologies used to value each Fund's investments. The VOC also periodically evaluates how the Trust's investments are characterized within the three-tier hierarchy and the appropriateness of third-party pricing sources. The VOC also periodically (at least annually) conducts back-testing of the value of various Level 2 and Level 3 investments to evaluate the effectiveness of the pricing methodologies including the unobservable inputs used to value those investments. Such back-testing includes comparing Level 2 and Level 3 investment values to subsequently available exchange traded prices, transaction prices, and/or observable vendor prices.

The inputs or methodologies used for characterizing each Fund's investments within the three-tier hierarchy are not necessarily an indication of the relative risks associated with investing in those investments. Foreign equity investments that are modified to reflect the estimates of a change in value from the time of the closing valuation in the foreign market until the time of the NYSE close, in accordance with information provided by a foreign fair value service are reflected as Level 2. Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy.

The following is a summary of the inputs used, as of June 30, 2025, in valuing the Funds' assets carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Aristotle Core Bond Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $53714102 | $– | $53714102 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 39935202 | – | 39935202 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | – | 20917999 | – | 20917999 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | – | 13998490 | – | 13998490 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 8342024 | – | 8342024 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 2633794 | – | 2633794 |
| Total Investments | $– | $139541611 | $– | $139541611 |
| **Aristotle Core Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 544829714 | $– | $– | $544829714 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 5551737 | – | – | 5551737 |
| Total Investments | 550381451 | $– | $– | $550381451 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Aristotle Core Income Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $1269211685 | $– | $1269211685 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 726043596 | – | 726043596 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | – | 299188414 | – | 299188414 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 271484530 | – | 271484530 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | – | 193913209 | – | 193913209 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 156688273 | – | 156688273 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 84507225 | – | 84507225 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Government Agency Issues | – | 9313996 | – | 9313996 |
| Total Investments | $– | $3010350928 | $– | $3010350928 |
| **Aristotle Floating Rate Income Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | $– | $3497852471 | $– | $3497852471 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 167425415 | – | – | 167425415 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | – | 165384876 | – | 165384876 |
| Total Investments | $167425415 | $3663237347 | $– | $3830662762 |
| **Aristotle Growth Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $212142753 | – | – | $212142753 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 1265276 | – | – | 1265276 |
| Total Investments | $213408029 | – | – | $213408029 |
| **Aristotle High Yield Bond Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $80394839 | $– | $80394839 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 7045686 | – | 7045686 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 4040159 | – | 4040159 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 178316 | – | – | 178316 |
| Total Investments | $178316 | $91480684 | $– | $91659000 |
| **Aristotle International Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $561708646 | $– | $– | $561708646 |
| Total Investments | $561708646 | $– | $– | $561708646 |
| **Aristotle Pacific EXclusive Fund Series H** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | $– | $2774216 | $– | $2774216 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | – | 457854 | – | 457854 |
| Total Investments | $– | $3232070 | $– | $3232070 |
| **Aristotle Pacific EXclusive Fund Series I** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | $– | $824373 | $– | $824373 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | – | 737766 | – | 737766 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 500375 | – | 500375 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | – | 414611 | – | 414611 |
| Total Investments | $– | $2477125 | $– | $2477125 |
| **Aristotle Portfolio Optimization Aggressive Growth Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Affiliated Open-End Funds | $145615629 | $– | $– | 145615629 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 127904625 | – | – | 127904625 |
| Total Investments | $273520254 | $– | $– | 273520254 |
| **Aristotle Portfolio Optimization Conservative Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Affiliated Open-End Funds | $99178843 | $– | $– | $99178843 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 25818383 | – | – | 25818383 |
| Total Investments | $124997226 | $– | $– | $124997226 |
| **Aristotle Portfolio Optimization Growth Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Affiliated Open-End Funds | $364060973 | $– | $– | $364060973 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 271237893 | – | – | 271237893 |
| Total Investments | $635298866 | $– | $– | $635298866 |
| **Aristotle Portfolio Optimization Moderate Conservative Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Affiliated Open-End Funds | $147202226 | $– | $– | $147202226 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 43898018 | – | – | 43898018 |
| Total Investments | $191100244 | $– | $– | $191100244 |
| **Aristotle Portfolio Optimization Moderate Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Affiliated Open-End Funds | $480698395 | $– | $– | $480698395 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 198224935 | – | – | 198224935 |
| Total Investments | $678923330 | $– | $– | $678923330 |
| **Aristotle Short Duration Income Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $529441375 | $– | $529441375 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 143994219 | – | 143994219 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 125347165 | – | 125347165 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 94915269 | – | 94915269 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 69184419 | – | 69184419 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | – | 18507992 | – | 18507992 |
| Total Investments | $– | $981390439 | $– | $981390439 |
| **Aristotle Small Cap Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $129382988 | $– | $– | $129382988 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 8259445 | – | – | 8259445 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 1423768 | – | – | 1423768 |
| Total Investments | $139066201 | $– | $– | $139066201 |
| **Aristotle Small/Mid Cap Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $27574369 | $– | $– | $27574369 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 1497941 | – | – | 1497941 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Closed-End Funds | 261500 | – | – | 261500 |
| Total Investments | $29333810 | $– | $– | $29333810 |
| **Aristotle Strategic Income Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $2760621789 | $– | $2760621789 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 632347698 | – | 632347698 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 170596162 | – | 170596162 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 151360994 | – | 151360994 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | – | 61980236 | – | 61980236 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | – | 19625241 | – | 19625241 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 1352386 | – | 1352386 |
| Total Investments | $– | $3797884506 | $– | $3797884506 |
| **Aristotle Ultra Short Income Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $17744980 | $– | $17744980 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 4499989 | – | 4499989 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 4258410 | – | 4258410 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 757060 | – | 757060 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bills | – | 1499651 | – | 1499651 |
| Total Investments | $– | $28760090 | $– | $28760090 |
| **Aristotle Value Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $539792391 | – | – | $539792391 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 7751919 | – | – | 7751919 |
| Total Investments | $547544310 | – | – | $547544310 |
| **Aristotle/Saul Global Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $29720192 | $– | $– | $29720192 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 572169 | – | – | 572169 |
| Total Investments | $30292361 | $– | $– | $30292361 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Aristotle Fund Series Trust

- **b. Investment Company Act file number:** 811-23850

- **c. CIK number of Registrant:** 0001959372

- **d. LEI of Registrant:** 549300FDPZVU0VTJQB52

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

  - **Street Address 1:** 11000 Santa Monica Blvd

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90025

  - **Telephone number:** 3104784005

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

- **a. Name of Series:** Aristotle Short Duration Income Fund

- **b. EDGAR series identifier (if any):** S000080057

- **c. LEI of Series:** 549300VT1KBCJFS7TL26

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $1005915769.04

**Total Liabilities:** $15987297.34

**Net Assets:** $989928471.70

**Delayed Delivery Securities:** $11820000.00

**Cash Not Reported:** $707103.44

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 15334.422970000000 | **1-Year:** 97538.359074000000 | **5-Year:** 84497.516014000000 | **10-Year:** 4746.186988000000 | **30-Year:** 58.257876000000

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

- **3-Month:** 23095.248640000000 | **1-Year:** 1164.101328000000 | **5-Year:** 2960.588686000000 | **10-Year:** 1338.383467000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241672 | 0.44%                | 0.26%                | 0.75%                |
| Class ID C000241673 | 0.48%                | 0.10%                | 0.69%                |
| Class ID C000241674 | 0.57%                | 0.19%                | 0.88%                |
| Class ID C000241675 | 0.56%                | 0.18%                | 0.87%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-93143.33               | $1678990.94                                |
| Month 2  | $-22484.14               | $-1469708.12                               |
| Month 3  | $108382.40               | $4160994.58                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4234363.64   | 0.43%             | 2028-04-23      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust   | Hilton Grand Vacations Trust 2024-3                                             | CUSIP: 43283NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2302467 | PA      | $2325572.83   | 0.23%             | 2040-08-27      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC BORROWER      | Hilton Grand Vacations Borrower LLC                                             | CUSIP: 43283LAH4<br>LEI: 254900HF0EZ734FDVY79 | Long             | LON              | CORP              | US        |   1397273 | PA      | $1398475.11   | 0.14%             | 2028-08-02      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA        | Hyundai Capital America                                                         | CUSIP: 44891ADK0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   5600000 | PA      | $5627014.34   | 0.57%             | 2027-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ICON INVESTMENTS SIX DAC       | Icon Investments Six DAC                                                        | CUSIP: 45115AAA2<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |   2800000 | PA      | $2859597.78   | 0.29%             | 2027-05-08      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                      | IQVIA Inc                                                                       | CUSIP: 46266TAC2<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   3850000 | PA      | $3950350.25   | 0.40%             | 2028-05-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust                                                        | CUSIP: 46593VAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    898818 | PA      | $903481.16    | 0.09%             | 2055-11-25      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| JAPAN TOBACCO INC              | Japan Tobacco Inc                                                               | CUSIP: 471105AC0<br>LEI: 353800Z0ENYBQO0XRJ31 | Long             | DBT              | CORP              | JP        |   2900000 | PA      | $2944273.31   | 0.30%             | 2028-05-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                | MVW 2022-1 LLC                                                                  | CUSIP: 55400UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    326935 | PA      | $322691.91    | 0.03%             | 2039-11-21      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XXIV Ltd                                                              | CUSIP: 55954WAN9<br>LEI: 549300P6T1S83Z2MDF55 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250845.38    | 0.03%             | 2035-04-15      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC       | Microchip Technology Inc                                                        | CUSIP: 595017BK9<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6067310.64   | 0.61%             | 2028-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA         | Morgan Stanley Bank NA                                                          | CUSIP: 61690U8E3<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2125571.60   | 0.21%             | 2028-07-14      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                            | CUSIP: 06051GGF0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1239487.34   | 0.13%             | 2028-01-20      | Variable      | 3.82%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                   | Barclays PLC                                                                    | CUSIP: 06738ECX1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1200000 | PA      | $1215132.26   | 0.12%             | 2029-02-25      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC              | Brown & Brown Inc                                                               | CUSIP: 115236AJ0<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4539319.52   | 0.46%             | 2028-06-23      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE            | CDW LLC / CDW Finance Corp                                                      | CUSIP: 12513GBK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5600000 | PA      | $5643680.00   | 0.57%             | 2030-03-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CONSOLIDATED         | Coca-Cola Consolidated Inc                                                      | CUSIP: 191098AM4<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2164882.86   | 0.22%             | 2029-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE TOWERS LLC        | Crown Castle Towers LLC                                                         | CUSIP: 22822RBH2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1423324.64   | 0.14%             | 2028-07-15      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                  | DTE Energy Co                                                                   | CUSIP: 233331BM8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3035898.00   | 0.31%             | 2027-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust            | DT Auto Owner Trust 2021-3                                                      | CUSIP: 23344QAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    947718 | PA      | $932849.84    | 0.09%             | 2027-05-17      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                | Danske Bank A/S                                                                 | CUSIP: 23636ABG5<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   4400000 | PA      | $4477419.54   | 0.45%             | 2028-03-01      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                              | CUSIP: 29273VAP5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3602313.75   | 0.36%             | 2028-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| ESSENTIAL UTILITIES INC        | Essential Utilities Inc                                                         | CUSIP: 29670GAJ1<br>LEI: 549300ILTEOF3E3QY357 | Long             | DBT              | CORP              | US        |   3100000 | PA      | $3133746.04   | 0.32%             | 2027-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                    | Exelon Corp                                                                     | CUSIP: 30161NBM2<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   4650000 | PA      | $4772685.23   | 0.48%             | 2029-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP               | FirstEnergy Corp                                                                | CUSIP: 337932AH0<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2571670.53   | 0.26%             | 2027-07-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust   | Ford Credit Auto Owner Trust 2024-A                                             | CUSIP: 34535EAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3055998.90   | 0.31%             | 2029-11-15      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| GCAT                           | GCAT 2025-NQM1 Trust                                                            | CUSIP: 36171GAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2966493 | PA      | $2972990.45   | 0.30%             | 2069-11-25      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                | MVW 2024-2 LLC                                                                  | CUSIP: 55389QAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3303090 | PA      | $3300791.20   | 0.33%             | 2042-03-20      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Loan Trust 2018-B                                     | CUSIP: 63940QAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    109127 | PA      | $108519.14    | 0.01%             | 2059-12-15      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2020-G                                | CUSIP: 63941UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    372202 | PA      | $346548.67    | 0.04%             | 2069-09-16      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Student Loan Trust 2020-2                                               | CUSIP: 63942HAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1902009 | PA      | $1668808.80   | 0.17%             | 2069-08-26      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Student Loan Trust 2021-1                                               | CUSIP: 63942NAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    880487 | PA      | $863970.46    | 0.09%             | 2069-12-26      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS            | Petroleos Mexicanos                                                             | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   4000000 | PA      | $3974710.40   | 0.40%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2024-4                                   | CUSIP: 802919AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    326519 | PA      | $326804.60    | 0.03%             | 2027-07-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2024-5                                   | CUSIP: 802920AF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    725000 | PA      | $727273.31    | 0.07%             | 2031-01-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES       | Delta Air Lines Inc / SkyMiles IP Ltd                                           | CUSIP: 830867AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    999889 | PA      | $997604.54    | 0.10%             | 2025-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PROAMPAC PG BORROWER LLC       | Proampac PG Borrower LLC                                                        | CUSIP: 74274NAL7<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |   1802721 | PA      | $1811959.78   | 0.18%             | 2028-09-15      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd | Palmer Square Loan Funding 2025-2 Ltd                                           | CUSIP: 69704AAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5003750.00   | 0.51%             | 2033-07-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRIS       | Public Service Enterprise Group Inc                                             | CUSIP: 744573AW6<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10470394.00  | 1.06%             | 2028-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AIR CANADA 2017-1AA PTT        | Air Canada 2017-1 Class AA Pass Through Trust                                   | CUSIP: 00908PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1617960 | PA      | $1519060.08   | 0.15%             | 2030-01-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO        | Allied Universal Holdco LLC                                                     | CUSIP: 01957TAH0<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |   4355617 | PA      | $4381293.51   | 0.44%             | 2028-05-15      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust       | Angel Oak Mortgage Trust 2025-7                                                 | CUSIP: 03466TAA5<br>LEI: 254900QTRHHMG5RQ9X60 | Long             | ABS-MBS          | CORP              | US        |   2600000 | PA      | $2612624.56   | 0.26%             | 2070-06-25      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi | Carlyle Global Market Strategies CLO 2014-3-R Ltd                               | CUSIP: 14315LAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     85642 | PA      | $85677.19     | 0.01%             | 2031-07-27      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                  | DTE Energy Co                                                                   | CUSIP: 233331BK2<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   8850000 | PA      | $9027577.37   | 0.91%             | 2029-03-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES 2015-1AA       | Delta Air Lines 2015-1 Class AA Pass Through Trust                              | CUSIP: 24736XAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1245812 | PA      | $1219961.45   | 0.12%             | 2027-07-30      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US  | Goldentree Loan Management US CLO 1 Ltd                                         | CUSIP: 38136FBU6<br>LEI: 549300BE2068MP2P8N06 | Long             | ABS-CBDO         | CORP              | KY        |   6100000 | PA      | $6102468.67   | 0.62%             | 2034-04-20      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GWV2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1968487.92   | 0.20%             | 2029-04-23      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust   | Hilton Grand Vacations Trust 2024-1B                                            | CUSIP: 43283YAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    833230 | PA      | $846205.09    | 0.09%             | 2039-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust   | Hilton Grand Vacations Trust 2020-A                                             | CUSIP: 43285HAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     75575 | PA      | $73602.87     | 0.01%             | 2039-02-25      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| ELANCO ANIMAL HEALTH INC       | Elanco Animal Health Inc                                                        | CUSIP: 28414BAF3<br>LEI: 549300SHPNDCE059M934 | Long             | LON              | CORP              | US        |   2904779 | PA      | $2905519.72   | 0.29%             | 2027-08-02      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| AVOLON TLB BORROWER 1 US       | Avolon TLB Borrower 1 US LLC                                                    | CUSIP: 05400KAJ9<br>LEI: 635400O84AGITYFZQB55 | Long             | LON              | CORP              | US        |   3128698 | PA      | $3134485.74   | 0.32%             | 2030-06-24      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP           | Targa Resources Corp                                                            | CUSIP: 87612GAE1<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |   3550000 | PA      | $3734454.20   | 0.38%             | 2029-03-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                   | Synopsys Inc                                                                    | CUSIP: 871607AB3<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2020763.10   | 0.20%             | 2028-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                   | UBS Group AG                                                                    | CUSIP: 902613AP3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2000000 | PA      | $2012371.44   | 0.20%             | 2028-05-12      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CJA0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8000000 | PA      | $8223437.52   | 0.83%             | 2028-09-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CMW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $20028125.00  | 2.02%             | 2028-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO            | American Express Co                                                             | CUSIP: 025816ED7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3034702.50   | 0.31%             | 2029-04-25      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 55 CLO Ltd                                                               | CUSIP: 26245MAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    991184 | PA      | $993533.84    | 0.10%             | 2031-04-15      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                              | CUSIP: 29273VAZ3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3586735.99   | 0.36%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GB60<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1454675.70   | 0.15%             | 2030-10-23      | Variable      | 4.69%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust   | Hilton Grand Vacations Trust 2024-2                                             | CUSIP: 43283JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2006866 | PA      | $2048916.76   | 0.21%             | 2038-03-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman Loan Advisers Clo 43 Ltd                                       | CUSIP: 64134AAL6<br>LEI: 549300N83MM16HCONB28 | Long             | ABS-CBDO         | CORP              | KY        |   5250000 | PA      | $5221676.25   | 0.53%             | 2036-07-17      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| OGE ENERGY CORP                | OGE Energy Corp                                                                 | CUSIP: 670837AD5<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1710022.92   | 0.17%             | 2029-05-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP           | Las Vegas Sands Corp                                                            | CUSIP: 517834AJ6<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3219862.15   | 0.33%             | 2027-06-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XXV Ltd                                                               | CUSIP: 55955GAA1<br>LEI: 549300WFCL37N4TDUR08 | Long             | ABS-CBDO         | CORP              | KY        |   3464832 | PA      | $3470910.82   | 0.35%             | 2032-01-25      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| ClubCorp Holdings, Inc.        | ClubCorp Holdings, Inc., Senior Secured First Lien Term Loan                    | CUSIP: 18948TAF0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1428156 | PA      | $1431725.91   | 0.14%             | 2026-09-18      | Floating      | 9.56%                 | No            |                  2 | On Loan: No      |
| KITE REALTY GROUP TRUST        | Kite Realty Group Trust                                                         | CUSIP: 76131VAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4300000 | PA      | $4294724.16   | 0.43%             | 2030-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2020-D                                | CUSIP: 63941HAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    924741 | PA      | $864709.85    | 0.09%             | 2069-05-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Student Loan Trust 2019-B                                               | CUSIP: 63941LAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    545792 | PA      | $528049.77    | 0.05%             | 2059-12-15      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| ATLAS WAREHOUSE LEND           | Atlas Warehouse Lending Co LP                                                   | CUSIP: 049463AD4<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |   5250000 | PA      | $5317521.30   | 0.54%             | 2028-01-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Bank of America Auto Trust     | BofA Auto Trust 2025-1                                                          | CUSIP: 05594BAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1300000 | PA      | $1300136.76   | 0.13%             | 2027-11-22      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| BRITISH AIR 19-1 A PTT         | British Airways 2019-1 Class A Pass Through Trust                               | CUSIP: 11043XAB9<br>LEI: 635400GSHSFIWYIDXC76 | Long             | DBT              | CORP              | US        |   2604095 | PA      | $2493081.23   | 0.25%             | 2029-06-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                   | Broadcom Inc                                                                    | CUSIP: 11135FCA7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2293741.59   | 0.23%             | 2028-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST         | Commonwealth Bank of Australia                                                  | CUSIP: 2027A0KE8<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |    525000 | PA      | $526300.52    | 0.05%             | 2026-06-15      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA             | Credit Agricole SA                                                              | CUSIP: 22535WAP2<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   3250000 | PA      | $3304096.09   | 0.33%             | 2029-01-09      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA       | Cooperatieve Rabobank UA                                                        | CUSIP: 74977RDR2<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   2000000 | PA      | $2012040.08   | 0.20%             | 2028-08-22      | Variable      | 4.66%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2019-E                                | CUSIP: 63941MAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    414325 | PA      | $405595.15    | 0.04%             | 2068-05-15      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC            | Reach ABS Trust 2025-1                                                          | CUSIP: 75525PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    753138 | PA      | $753641.16    | 0.08%             | 2032-08-16      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP             | Regal Rexnord Corp                                                              | CUSIP: 758750AL7<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   6412000 | PA      | $6450009.05   | 0.65%             | 2026-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2024-5                                   | CUSIP: 802920AD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2001639.20   | 0.20%             | 2028-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2022-B                                         | CUSIP: 83206NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5461531 | PA      | $5316236.12   | 0.54%             | 2055-02-16      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| SPRINT SPECTRUM / SPEC I       | Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC | CUSIP: 85208NAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3645400 | PA      | $3671726.50   | 0.37%             | 2028-03-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CMS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $15074414.10  | 1.52%             | 2028-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust           | Verizon Master Trust                                                            | CUSIP: 92348KCH4<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   2750000 | PA      | $2799736.50   | 0.28%             | 2031-12-22      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP             | VICI Properties LP                                                              | CUSIP: 925650AJ2<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |   6850000 | PA      | $6907607.88   | 0.70%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VIRGINIA POWER FUEL SEC        | Virginia Power Fuel Securitization LLC                                          | CUSIP: 92808VAA0<br>LEI: 254900BELJ95ONW6U791 | Long             | DBT              | CORP              | US        |   1337289 | PA      | $1345097.21   | 0.14%             | 2027-05-01      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receiva | AmeriCredit Automobile Receivables Trust 2023-2                                 | CUSIP: 03065UAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    310909 | PA      | $311277.22    | 0.03%             | 2027-04-19      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receiva | AmeriCredit Automobile Receivables Trust 2022-2                                 | CUSIP: 03065WAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     50038 | PA      | $50008.69     | 0.01%             | 2028-04-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receiva | AmeriCredit Automobile Receivables Trust 2021-3                                 | CUSIP: 03066JAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    753735 | PA      | $752349.78    | 0.08%             | 2027-08-18      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                                | CUSIP: 95000U3E1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3850000 | PA      | $3975909.75   | 0.40%             | 2029-07-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                  | TransDigm Inc                                                                   | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   9818325 | PA      | $9846847.11   | 0.99%             | 2031-02-28      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| UKG INC                        | UKG Inc                                                                         | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |   6900147 | PA      | $6933992.57   | 0.70%             | 2031-02-10      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2025-NQM10 Trust                                                            | CUSIP: 67121LAA4<br>LEI: 254900NDJVO62R77II89 | Long             | ABS-MBS          | CORP              | US        |   3280761 | PA      | $3297710.35   | 0.33%             | 2065-05-25      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC            | Quanta Services Inc                                                             | CUSIP: 74762EAK8<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |   3240000 | PA      | $3268452.16   | 0.33%             | 2027-08-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA           | Royal Bank of Canada                                                            | CUSIP: 78017DAA6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   4650000 | PA      | $4718645.95   | 0.48%             | 2029-01-24      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL         | Marriott International Inc/MD                                                   | CUSIP: 571903BN2<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4150917.20   | 0.42%             | 2028-10-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                | MVW 2024-1 LLC                                                                  | CUSIP: 62847RAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3648850 | PA      | $3715425.53   | 0.38%             | 2043-02-20      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2020-F                                | CUSIP: 63941XAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    387034 | PA      | $360349.28    | 0.04%             | 2069-07-15      | Fixed         | 1.22%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2017-A                                         | CUSIP: 78448WAB1<br>LEI: 5493000RGRVHYZAIY180 | Long             | ABS-O            | CORP              | US        |     84737 | PA      | $84404.63     | 0.01%             | 2034-09-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2016-1 AA PTT       | United Airlines 2016-1 Class AA Pass Through Trust                              | CUSIP: 90931LAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2467176 | PA      | $2355512.04   | 0.24%             | 2028-07-07      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| WEIR GROUP PLC (THE)           | Weir Group PLC/The                                                              | CUSIP: 94876QAA4<br>LEI: 549300KDR56WHY9I3D10 | Long             | DBT              | CORP              | GB        |   4015000 | PA      | $3916369.88   | 0.40%             | 2026-05-13      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC               | LPL Holdings Inc                                                                | CUSIP: 50212YAJ3<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   6850000 | PA      | $6982353.10   | 0.71%             | 2027-05-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust  | Lendbuzz Securitization Trust 2024-2                                            | CUSIP: 525920AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3125550 | PA      | $3151959.33   | 0.32%             | 2029-05-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| LENNOX INTERNATIONAL INC       | Lennox International Inc                                                        | CUSIP: 526107AG2<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | DBT              | CORP              | US        |   5900000 | PA      | $6086163.82   | 0.61%             | 2028-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC       | Lloyds Banking Group PLC                                                        | CUSIP: 539439BD0<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $807358.08    | 0.08%             | 2029-06-13      | Variable      | 4.82%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XXII Ltd                                                              | CUSIP: 55954HAW2<br>LEI: 5493000081NBXWGGSW23 | Long             | ABS-CBDO         | CORP              | KY        |   2100000 | PA      | $2101090.53   | 0.21%             | 2036-07-15      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust      | Nelnet Student Loan Trust 2021-A                                                | CUSIP: 64035DAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1364749 | PA      | $1271159.90   | 0.13%             | 2062-04-20      | Fixed         | 1.36%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman Loan Advisers CLO 49 Ltd                                       | CUSIP: 64135JAL6<br>LEI: 549300IN02DS1MN5HW62 | Long             | ABS-CBDO         | CORP              | JE        |   4250000 | PA      | $4251759.08   | 0.43%             | 2035-07-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd | Palmer Square Loan Funding 2021-4 Ltd                                           | CUSIP: 69702HAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    438581 | PA      | $438795.03    | 0.04%             | 2029-10-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP             | Regal Rexnord Corp                                                              | CUSIP: 758750AM5<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   1153000 | PA      | $1188483.14   | 0.12%             | 2028-04-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC          | Rio Tinto Finance USA PLC                                                       | CUSIP: 76720AAR7<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    700000 | PA      | $705699.85    | 0.07%             | 2028-03-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust    | SBNA Auto Receivables Trust 2024-A                                              | CUSIP: 78437PAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1009995.80   | 0.10%             | 2029-09-17      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2025-1                                   | CUSIP: 80288DAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2700000 | PA      | $2702651.67   | 0.27%             | 2029-01-16      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2024-5                                   | CUSIP: 802920AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1676490 | PA      | $1676502.64   | 0.17%             | 2027-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP              | State Street Corp                                                               | CUSIP: 857477DA8<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    600000 | PA      | $604037.89    | 0.06%             | 2028-04-24      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                   | UBS Group AG                                                                    | CUSIP: 902613BJ6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2400000 | PA      | $2465380.03   | 0.25%             | 2030-02-08      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2016-1 B PTT        | United Airlines 2016-1 Class B Pass Through Trust                               | CUSIP: 90933HAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300347 | PA      | $296472.76    | 0.03%             | 2026-01-07      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                                | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4343730.52   | 0.44%             | 2028-04-22      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| POLARIS NEWCO LLC              | Polaris Newco LLC                                                               | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |   1954315 | PA      | $1907215.75   | 0.19%             | 2028-06-05      | Floating      | 8.29%                 | No            |                  2 | On Loan: No      |
| TEMPO ACQUISITION LLC          | Tempo Acquisition LLC                                                           | CUSIP: 88023HAJ9<br>LEI: 549300VV0B2RPMHQGA61 | Long             | LON              | CORP              | US        |   2178121 | PA      | $2171663.11   | 0.22%             | 2028-08-31      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC          | Quikrete Holdings Inc                                                           | CUSIP: 74839XAM1<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |   2954897 | PA      | $2953050.54   | 0.30%             | 2031-04-14      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 15 Ltd             | Elmwood CLO 15 Ltd                                                              | CUSIP: 29003JAN4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   2000000 | PA      | $2001500.00   | 0.20%             | 2035-04-22      | Floating      | 1.15%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                   | Enbridge Inc                                                                    | CUSIP: 29250NCH6<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1650000 | PA      | $1662795.09   | 0.17%             | 2028-06-20      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust     | Flagship Credit Auto Trust 2022-1                                               | CUSIP: 33845VAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3300000 | PA      | $3265338.78   | 0.33%             | 2028-03-15      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC          | Ellucian Holdings Inc                                                           | CUSIP: 28917XAB6<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |    954256 | PA      | $957686.27    | 0.10%             | 2029-10-08      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                                                   | CUSIP: 172967PZ8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3850000 | PA      | $3860714.97   | 0.39%             | 2028-05-07      | Variable      | 4.64%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC            | Dominion Energy Inc                                                             | CUSIP: 25746UDY2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   4100000 | PA      | $4128161.92   | 0.42%             | 2028-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| FLEX LTD                       | Flex Ltd                                                                        | CUSIP: 33938XAC9<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |    305000 | PA      | $303045.21    | 0.03%             | 2026-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                             | CUSIP: 46647PEU6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2450000 | PA      | $2483499.34   | 0.25%             | 2029-01-24      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC           | Kyndryl Holdings Inc                                                            | CUSIP: 50155QAJ9<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |   2775000 | PA      | $2690045.79   | 0.27%             | 2026-10-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| MVW 2020-1 LLC                 | MVW 2020-1 LLC                                                                  | CUSIP: 55400EAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    124678 | PA      | $119107.75    | 0.01%             | 2037-10-20      | Fixed         | 1.74%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XXVI Ltd                                                              | CUSIP: 55954YAW5<br>LEI: 549300F7COUCG1RROP29 | Long             | ABS-CBDO         | CORP              | KY        |   5500000 | PA      | $5500051.70   | 0.56%             | 2038-01-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA         | Morgan Stanley Bank NA                                                          | CUSIP: 61690DK72<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1523651.21   | 0.15%             | 2029-01-12      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| DELOS AIRCRAFT DESIGNATE       | Delos Aircraft DAC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | IE        |   1650000 | PA      | $1658076.75   | 0.17%             | 2027-10-29      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                      | Amgen Inc                                                                       | CUSIP: 031162DP2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2657379.48   | 0.27%             | 2028-03-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| AXIS Equipment Finance Receiva | Amur Equipment Finance Receivables XV LLC                                       | CUSIP: 03237FAB1<br>LEI: 254900UXD59DZRJ7U848 | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $703538.92    | 0.07%             | 2031-09-22      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ASPEN INSURANCE HLDG LTD       | Aspen Insurance Holdings Ltd                                                    | CUSIP: 04530DAE2<br>LEI: 549300YX6HECG9XQCQ75 | Long             | DBT              | CORP              | BM        |   1900000 | PA      | $1932288.03   | 0.20%             | 2030-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                | BAE Systems PLC                                                                 | CUSIP: 05523RAH0<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |   2800000 | PA      | $2833458.57   | 0.29%             | 2027-03-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BACARDI LTD / MARTINI BV       | Bacardi Ltd / Bacardi-Martini BV                                                | CUSIP: 05635JAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3000000 | PA      | $3043754.16   | 0.31%             | 2029-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL               | Bank of Montreal                                                                | CUSIP: 06368MJH8<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   2250000 | PA      | $2238407.87   | 0.23%             | 2029-01-27      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                    | BNP Paribas SA                                                                  | CUSIP: 09659W3C6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   5000000 | PA      | $5026501.50   | 0.51%             | 2029-05-09      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC        | Booz Allen Hamilton Inc                                                         | CUSIP: 09951LAA1<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |   9648000 | PA      | $9361847.07   | 0.95%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                   | CaixaBank SA                                                                    | CUSIP: 12803RAK0<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $401084.83    | 0.04%             | 2029-07-03      | Variable      | 4.63%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CM4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3058269.18   | 0.31%             | 2026-11-10      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                | MVW 2021-1W LLC                                                                 | CUSIP: 55389TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    405636 | PA      | $385072.66    | 0.04%             | 2041-01-22      | Fixed         | 1.14%                 | No            |                  2 | On Loan: No      |
| BELRON FINANCE 2019 LLC        | Belron Finance 2019 LLC                                                         | CUSIP: 08078UAM5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1488750 | PA      | $1497347.53   | 0.15%             | 2031-10-16      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 16-3 A PTT        | American Airlines 2016-3 Class A Pass Through Trust                             | CUSIP: 023771S25<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4364612 | PA      | $4078063.90   | 0.41%             | 2028-10-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                 | Air Lease Corp                                                                  | CUSIP: 00914AAT9<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3104161.29   | 0.31%             | 2027-12-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                            | CUSIP: 06051GLV9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   8500000 | PA      | $8650367.81   | 0.87%             | 2027-09-15      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| INDICOR LLC                    | Indicor LLC                                                                     | CUSIP: 77669LAK9<br>LEI: 254900RXO1EICEHOLG29 | Long             | LON              | CORP              | US        |   3920598 | PA      | $3917657.55   | 0.40%             | 2029-11-23      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES NORTH AM       | Amcor Flexibles North America Inc                                               | CUSIP: 02344AAC2<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3223807.30   | 0.33%             | 2028-03-17      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd               | CIFC Funding 2015-I Ltd                                                         | CUSIP: 12548MBF1<br>LEI: 5493001TP5YQV9X08Z14 | Long             | ABS-CBDO         | CORP              | KY        |    782481 | PA      | $783405.07    | 0.08%             | 2031-01-22      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD          | HUB International Ltd                                                           | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |   5038034 | PA      | $5058790.21   | 0.51%             | 2030-06-20      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| CINTAS CORPORATION NO. 2       | Cintas Corp No 2                                                                | CUSIP: 17252MAR1<br>LEI: 549300QVUQTTKMTE0G41 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2306139.11   | 0.23%             | 2028-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| COOPERAT RABOBANK UA/NY        | Cooperatieve Rabobank UA/NY                                                     | CUSIP: 21688AAX0<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    658000 | PA      | $658142.88    | 0.07%             | 2025-07-18      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                             | CUSIP: 46647PDA1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1998856.26   | 0.20%             | 2028-04-26      | Variable      | 4.32%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                             | CUSIP: 46647PEE2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   5495000 | PA      | $5609926.00   | 0.57%             | 2028-04-22      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| DEERFIELD DAKOTA HOLDING       | Deerfield Dakota Holding LLC                                                    | CUSIP: 24440EAB3<br>LEI: 549300FDREJLOIGXY104 | Long             | LON              | CORP              | US        |   3249200 | PA      | $3164818.32   | 0.32%             | 2027-04-09      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                  | Carnival Corp                                                                   | CUSIP: P2121YAY4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | LON              | CORP              | PA        |    410510 | PA      | $411343.82    | 0.04%             | 2028-10-18      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC       | Lloyds Banking Group PLC                                                        | CUSIP: 53944YBC6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    750000 | PA      | $760067.17    | 0.08%             | 2028-11-26      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XXVII Ltd                                                             | CUSIP: 55955EAN8<br>LEI: 5493003N6WY184N72D84 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2004982.60   | 0.20%             | 2034-10-20      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA         | Morgan Stanley Bank NA                                                          | CUSIP: 61690U8B9<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4341501.27   | 0.44%             | 2028-05-26      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                  | CUSIP: 61747YET8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2499635.78   | 0.25%             | 2026-07-17      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2018-D                                | CUSIP: 63940UAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    209970 | PA      | $207541.14    | 0.02%             | 2059-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2023-NQM3 Trust                                                             | CUSIP: 67117PAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1498886 | PA      | $1510386.46   | 0.15%             | 2063-02-25      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2025-NQM11 Trust                                                            | CUSIP: 67449BAA1<br>LEI: 254900KNWDG7C03UTA13 | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1303252.60   | 0.13%             | 2065-05-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL       | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599BY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3186681.18   | 0.32%             | 2027-01-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| PINNACLE WEST CAPITAL          | Pinnacle West Capital Corp                                                      | CUSIP: 723484AM3<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4260051.64   | 0.43%             | 2028-05-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                 | Starbucks Corp                                                                  | CUSIP: 855244BN8<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |   5700000 | PA      | $5729785.75   | 0.58%             | 2028-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TIAA CLO Ltd                   | TIAA CLO IV Ltd                                                                 | CUSIP: 88631YAQ0<br>LEI: 5493000Q4E256SBMCY29 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2004996.80   | 0.20%             | 2032-01-20      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| PROAMPAC PG BORROWER LLC       | Proampac PG Borrower LLC                                                        | CUSIP: 74274NAL7<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |   2798727 | PA      | $2813070.72   | 0.28%             | 2028-09-15      | Floating      | 8.26%                 | No            |                  2 | On Loan: No      |
| Buttermilk Park CLO Ltd        | Buttermilk Park CLO Ltd                                                         | CUSIP: 124166AQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3101409 | PA      | $3105119.36   | 0.31%             | 2031-10-15      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| DailyPay Securitization Trust  | DailyPay Securitization Trust 2025-1                                            | CUSIP: 233824AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $907214.85    | 0.09%             | 2028-06-25      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 30 Senior Loan Fund                                                      | CUSIP: 26249BAQ4<br>LEI: 549300AS2O1RYPD2ED41 | Long             | ABS-CBDO         | CORP              | KY        |     15128 | PA      | $15129.20     | 0.00%             | 2028-11-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT       | Element Fleet Management Corp                                                   | CUSIP: 286181AM4<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |   4600000 | PA      | $4673293.64   | 0.47%             | 2027-03-13      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/F | Ford Credit Auto Owner Trust 2024-REV1                                          | CUSIP: 34533BAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3300000 | PA      | $3361318.95   | 0.34%             | 2036-08-15      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| MARS INC                       | Mars Inc                                                                        | CUSIP: 571676AW5<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1254870.15   | 0.13%             | 2027-03-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| MOLEX ELECTRONICS TECH         | Molex Electronic Technologies LLC                                               | CUSIP: 60856BAE4<br>LEI: 549300WTBVUFUPSIWI20 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4227134.10   | 0.43%             | 2028-04-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                  | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10146819.70  | 1.03%             | 2029-04-12      | Variable      | 4.99%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Loan Trust 2020-A                                     | CUSIP: 63941FAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    385179 | PA      | $369964.20    | 0.04%             | 2068-11-15      | Fixed         | 2.46%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Student Loan Trust 2020-1                                               | CUSIP: 63942FAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1229346 | PA      | $1214547.59   | 0.12%             | 2069-06-25      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2022-A                                | CUSIP: 63942MAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1747924 | PA      | $1597119.27   | 0.16%             | 2070-07-15      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman Loan Advisers Clo 42 Ltd                                       | CUSIP: 64133WAL9<br>LEI: 549300LGCRX4YI1JNS93 | Long             | ABS-CBDO         | CORP              | KY        |   6250000 | PA      | $6235937.50   | 0.63%             | 2035-07-16      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                    | PNC Bank NA                                                                     | CUSIP: 69353RFY9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3001915.86   | 0.30%             | 2027-05-13      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2024-11                                            | CUSIP: 69544AAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    899897 | PA      | $901886.47    | 0.09%             | 2032-07-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd          | Palmer Square CLO 2015-1 Ltd                                                    | CUSIP: 69689ABU3<br>LEI: 5493006ZPBFJJGSXB826 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4995865.00   | 0.50%             | 2034-05-21      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2018-B                                         | CUSIP: 78449LAB4<br>LEI: 549300INMCHM7L5O6M41 | Long             | ABS-O            | CORP              | US        |    448088 | PA      | $442385.62    | 0.04%             | 2037-01-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2018-A                                         | CUSIP: 78449PAB5<br>LEI: 549300QHI21JZK7YIR34 | Long             | ABS-O            | CORP              | US        |    150013 | PA      | $147796.23    | 0.01%             | 2036-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2019-A                                         | CUSIP: 78449TAB7<br>LEI: 549300WEYOS38NWU8D22 | Long             | ABS-O            | CORP              | US        |   1173840 | PA      | $1155501.03   | 0.12%             | 2036-07-15      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2024-1                                   | CUSIP: 80288AAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1249139 | PA      | $1251112.41   | 0.13%             | 2028-04-17      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2014-2 A PTT        | United Airlines 2014-2 Class A Pass Through Trust                               | CUSIP: 90932QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1196916 | PA      | $1177491.70   | 0.12%             | 2026-09-03      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CFU0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19000000 | PA      | $19175898.39  | 1.94%             | 2027-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CORELOGIC INC                  | CoreLogic Inc                                                                   | CUSIP: 21870FBA6<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |   3368750 | PA      | $3338751.28   | 0.34%             | 2028-06-02      | Floating      | 7.94%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP            | Medline Borrower LP                                                             | CUSIP: 58503UAF0<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |   4486156 | PA      | $4496361.86   | 0.45%             | 2028-10-23      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD       | Avolon Holdings Funding Ltd                                                     | CUSIP: 05401AAM3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1601000 | PA      | $1571680.18   | 0.16%             | 2026-02-21      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                | BAE Systems PLC                                                                 | CUSIP: 05523RAJ6<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $2050698.08   | 0.21%             | 2029-03-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA             | Banco Santander SA                                                              | CUSIP: 05964HBF1<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   3400000 | PA      | $3464299.54   | 0.35%             | 2028-07-15      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2020-H                                | CUSIP: 63935BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4073325 | PA      | $3813802.88   | 0.39%             | 2069-01-15      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2020-B                                | CUSIP: 63941GAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4018436 | PA      | $3819054.90   | 0.39%             | 2069-01-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2021-C                                | CUSIP: 63942JAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4879939 | PA      | $4374930.02   | 0.44%             | 2069-10-15      | Fixed         | 1.06%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2022-B                                | CUSIP: 63942PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5333720 | PA      | $5178922.30   | 0.52%             | 2070-10-15      | Fixed         | 4.16%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Student Loan Trust 2021-2                                               | CUSIP: 63942QAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1807713 | PA      | $1793684.60   | 0.18%             | 2070-02-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman Loan Advisers CLO 32 Ltd                                       | CUSIP: 64132DAJ7<br>LEI: 5493007YBEOXQIHH3C54 | Long             | ABS-CBDO         | CORP              | KY        |   1738549 | PA      | $1741482.10   | 0.18%             | 2032-01-20      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                   | NiSource Inc                                                                    | CUSIP: 65473PAS4<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2773004.11   | 0.28%             | 2029-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd | Palmer Square Loan Funding 2024-1 Ltd                                           | CUSIP: 69703NAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4272970 | PA      | $4276176.72   | 0.43%             | 2032-10-15      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd | Palmer Square Loan Funding 2024-2 Ltd                                           | CUSIP: 69703RAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6907747 | PA      | $6908396.62   | 0.70%             | 2033-01-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CBS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $11238281.28  | 1.14%             | 2028-03-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CEF4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1957617.18   | 0.20%             | 2027-03-31      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CET4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11000000 | PA      | $10774843.75  | 1.09%             | 2027-05-31      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CHE4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13000000 | PA      | $12974609.44  | 1.31%             | 2028-05-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CKR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $5066601.55   | 0.51%             | 2027-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU       | Venture Global Calcasieu Pass LLC                                               | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2075709.90   | 0.21%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VERALTO CORP                   | Veralto Corp                                                                    | CUSIP: 92338CAB9<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2024364.16   | 0.20%             | 2026-09-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust           | Verizon Master Trust Series 2024-5                                              | CUSIP: 92348KDB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2350000 | PA      | $2400534.40   | 0.24%             | 2032-06-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Veros Auto Receivables Trust   | Veros Auto Receivables Trust 2022-1                                             | CUSIP: 92512VAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2790000 | PA      | $2797081.02   | 0.28%             | 2029-07-16      | Fixed         | 7.23%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co LLC                                                        | CUSIP: 92840VAT9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   5950000 | PA      | $5982808.30   | 0.60%             | 2026-12-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 16-3 AA PTT       | American Airlines 2016-3 Class AA Pass Through Trust                            | CUSIP: 023771R91<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5631114 | PA      | $5294401.21   | 0.53%             | 2028-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt | Benefit Street Partners CLO XXV Ltd                                             | CUSIP: 08186YAL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3750000 | PA      | $3752682.38   | 0.38%             | 2035-01-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                  | Boeing Co/The                                                                   | CUSIP: 097023DP7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1183610.97   | 0.12%             | 2027-05-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2025-NQM5                                       | CUSIP: 10569RAC6<br>LEI: 254900HGOJX787MBR512 | Long             | ABS-MBS          | CORP              | US        |   1582324 | PA      | $1588237.07   | 0.16%             | 2065-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                   | Broadcom Inc                                                                    | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   4800000 | PA      | $4917124.32   | 0.50%             | 2029-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Fort Greene Park CLO           | Fort Greene Park CLO LLC                                                        | CUSIP: 18914KAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2100000 | PA      | $2098780.11   | 0.21%             | 2034-04-22      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC          | Amrize Finance US LLC                                                           | CUSIP: 43475RAB2<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1211224.82   | 0.12%             | 2028-04-07      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| MARS INC                       | Mars Inc                                                                        | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4235015.44   | 0.43%             | 2028-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2020-E                                | CUSIP: 63941TAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8413310 | PA      | $7855688.28   | 0.79%             | 2069-05-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2021-A                                | CUSIP: 63942BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    445344 | PA      | $405755.76    | 0.04%             | 2069-05-15      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2021-F                                | CUSIP: 63942GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1306919 | PA      | $1146191.84   | 0.12%             | 2070-02-18      | Fixed         | 1.11%                 | No            |                  2 | On Loan: No      |
| US BANK MMDA - USBGFS 9        | US BANK MMDA - USBGFS 9                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   9219042 | NS      | $9219042.36   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 912828ZN3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $14146289.10  | 1.43%             | 2027-04-30      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CGP0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10077343.80  | 1.02%             | 2028-02-29      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CJN2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7000000 | PA      | $7147382.83   | 0.72%             | 2028-11-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CMN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8000000 | PA      | $8109375.04   | 0.82%             | 2028-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                                | CUSIP: 95000U3T8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   6100000 | PA      | $6186161.65   | 0.62%             | 2029-04-23      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP         | Aviation Capital Group LLC                                                      | CUSIP: 05369AAR2<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   3100000 | PA      | $3104335.41   | 0.31%             | 2027-04-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GA87<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   6300000 | PA      | $6559354.94   | 0.66%             | 2030-04-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO       | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                      | CUSIP: 46590XAS5<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   3700000 | PA      | $3601572.60   | 0.36%             | 2027-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| LHOME Mortgage Trust           | LHOME Mortgage Trust 2025-RTL1                                                  | CUSIP: 50205UAA9<br>LEI: 5299002NGIWITLMXOH85 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1003794.40   | 0.10%             | 2040-01-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust  | Lendbuzz Securitization Trust 2025-1                                            | CUSIP: 525938AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1550000 | PA      | $1554028.30   | 0.16%             | 2030-10-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XXV Ltd                                                               | CUSIP: 55955GAB9<br>LEI: 549300WFCL37N4TDUR08 | Long             | ABS-CBDO         | CORP              | KY        |   1300000 | PA      | $1303610.88   | 0.13%             | 2032-01-25      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2024-A                                | CUSIP: 63943CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1861368 | PA      | $1889400.02   | 0.19%             | 2072-10-15      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd | Palmer Square Loan Funding 2021-4 Ltd                                           | CUSIP: 69702HAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1856000 | PA      | $1862757.70   | 0.19%             | 2029-10-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL       | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599BN3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2297392.77   | 0.23%             | 2027-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL       | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599CB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3071616.12   | 0.31%             | 2030-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA           | Royal Bank of Canada                                                            | CUSIP: 78017FZQ9<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $501115.23    | 0.05%             | 2027-10-18      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2021-A                                         | CUSIP: 78448YAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1497800 | PA      | $1350808.03   | 0.14%             | 2053-01-15      | Fixed         | 1.07%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust                                                | CUSIP: 78449XAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1006348 | PA      | $944744.56    | 0.10%             | 2053-07-15      | Fixed         | 1.29%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2025-2                                   | CUSIP: 80287NAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2995980.30   | 0.30%             | 2028-06-15      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2025-1                                   | CUSIP: 80288DAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5022392.00   | 0.51%             | 2031-03-17      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                   | UBS Group AG                                                                    | CUSIP: 902613BL1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   4300000 | PA      | $4466006.32   | 0.45%             | 2030-09-13      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| US BANK NA CINCINNATI          | US Bank NA/Cincinnati OH                                                        | CUSIP: 90331HPS6<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4021430.44   | 0.41%             | 2028-05-15      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| SEAWORLD PARKS & ENTERTA       | SeaWorld Parks & Entertainment Inc                                              | CUSIP: 78488CAL4<br>LEI: 549300UZV72O3371JJ53 | Long             | LON              | CORP              | US        |   2001432 | PA      | $2002682.72   | 0.20%             | 2031-12-04      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2021-E                                         | CUSIP: 78450MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1401227 | PA      | $1310689.38   | 0.13%             | 2051-02-15      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| SONOCO PRODUCTS CO             | Sonoco Products Co                                                              | CUSIP: 835495AQ5<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |   6075000 | PA      | $6070443.81   | 0.61%             | 2026-09-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| SPX FLOW INC                   | SPX FLOW Inc                                                                    | CUSIP: 78470DAV0<br>LEI: 5493003YXEKRBINIEM78 | Long             | LON              | CORP              | US        |    800424 | PA      | $804170.08    | 0.08%             | 2029-04-05      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC              | HSBC Holdings PLC                                                               | CUSIP: 404280EM7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   4000000 | PA      | $4051693.60   | 0.41%             | 2028-11-19      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| AMEREN CORP                    | Ameren Corp                                                                     | CUSIP: 023608AQ5<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |   3850000 | PA      | $3921189.35   | 0.40%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                                        | CUSIP: 345397B28<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   7270000 | PA      | $7222274.70   | 0.73%             | 2025-11-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                                                 | CUSIP: 37045XEU6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6131335.14   | 0.62%             | 2029-07-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                     | CUSIP: 38145GAN0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    360000 | PA      | $360353.12    | 0.04%             | 2026-08-10      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issu | GreenSky Home Improvement Issuer Trust 2025-1                                   | CUSIP: 39571NAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    725461 | PA      | $725514.66    | 0.07%             | 2060-03-25      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust   | Hilton Grand Vacations Trust 2023-1                                             | CUSIP: 432917AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1366546 | PA      | $1384695.57   | 0.14%             | 2038-01-25      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP              | Hyatt Hotels Corp                                                               | CUSIP: 448579AU6<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1263901.18   | 0.13%             | 2028-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust Series 2025-NQM2                                       | CUSIP: 46590SAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2014717 | PA      | $2023466.46   | 0.20%             | 2065-09-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XII Ltd                                                               | CUSIP: 55953HBD4<br>LEI: 549300Z6VW568TT64K70 | Long             | ABS-CBDO         | CORP              | KY        |   3499877 | PA      | $3503847.40   | 0.35%             | 2031-10-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL         | Mondelez International Inc                                                      | CUSIP: 609207BF1<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1953480.56   | 0.20%             | 2028-05-06      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NORDSON CORP                   | Nordson Corp                                                                    | CUSIP: 655663AC6<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | DBT              | CORP              | US        |   6375000 | PA      | $6381710.26   | 0.64%             | 2029-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2025-NQM1 Trust                                                             | CUSIP: 673914AC1<br>LEI: 2549007E8KF1RJ2ZV866 | Long             | ABS-MBS          | CORP              | US        |   1286556 | PA      | $1292048.02   | 0.13%             | 2064-12-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-1                                             | CUSIP: 69544NAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1399880 | PA      | $1404380.53   | 0.14%             | 2032-07-15      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2021-D                                         | CUSIP: 78449MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1411566 | PA      | $1319940.70   | 0.13%             | 2053-03-17      | Fixed         | 1.34%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2022-3                                   | CUSIP: 80285UAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     91657 | PA      | $91629.77     | 0.01%             | 2027-08-16      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                                | CUSIP: 95000U3R2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2015132.94   | 0.20%             | 2028-01-24      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| XCEL ENERGY INC                | Xcel Energy Inc                                                                 | CUSIP: 98389BBD1<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1817993.25   | 0.18%             | 2028-03-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                   | Broadcom Inc                                                                    | CUSIP: 11135FCE9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1826452.62   | 0.18%             | 2028-04-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| AMER AIRLN 15-2 AA PTT         | American Airlines 2015-2 Class AA Pass Through Trust                            | CUSIP: 02377BAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5383373 | PA      | $5239973.71   | 0.53%             | 2027-09-22      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW YORK MELLON        | Bank of New York Mellon/The                                                     | CUSIP: 06405LAH4<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2535692.08   | 0.26%             | 2029-04-20      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                    | BNP Paribas SA                                                                  | CUSIP: 09659W2N3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1300000 | PA      | $1277517.42   | 0.13%             | 2027-01-13      | Variable      | 1.32%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                 | CarVal CLO I Ltd                                                                | CUSIP: 146865AJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   9280980 | PA      | $9294901.52   | 0.94%             | 2031-07-16      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| CONCENTRIX CORP                | Concentrix Corp                                                                 | CUSIP: 20602DAA9<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |   5800000 | PA      | $5907201.69   | 0.60%             | 2026-08-02      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                      | Block Inc                                                                       | CUSIP: 852234AN3<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    750000 | PA      | $734781.00    | 0.07%             | 2026-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                            | CUSIP: 06051GMK2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   6850000 | PA      | $6949425.15   | 0.70%             | 2029-01-24      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                            | CUSIP: 06051GMT3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   4750000 | PA      | $4780784.23   | 0.48%             | 2029-05-09      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 53 CLO Ltd                                                               | CUSIP: 26243EAP6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4420000 | PA      | $4423315.00   | 0.45%             | 2031-01-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL           | Edison International                                                            | CUSIP: 281020BA4<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   2601000 | PA      | $2573679.46   | 0.26%             | 2029-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                              | CUSIP: 29273VAS9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1576290.32   | 0.16%             | 2028-12-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP         | Extra Space Storage LP                                                          | CUSIP: 30225VAJ6<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2272963.57   | 0.23%             | 2028-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| FLEX LTD                       | Flex Ltd                                                                        | CUSIP: 33938XAE5<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |   2000000 | PA      | $2063998.72   | 0.21%             | 2028-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/F | Ford Credit Auto Owner Trust 2023-REV1                                          | CUSIP: 34535QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2029193.60   | 0.20%             | 2035-08-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                                        | CUSIP: 345397B77<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1775000 | PA      | $1728627.42   | 0.17%             | 2026-08-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| GM Financial Revolving Receiva | GM Financial Revolving Receivables Trust 2023-2                                 | CUSIP: 36268DAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2250000 | PA      | $2353930.20   | 0.24%             | 2036-08-11      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| GEORGIA-PACIFIC LLC            | Georgia-Pacific LLC                                                             | CUSIP: 37331NAR2<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2111074.79   | 0.21%             | 2028-06-30      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| HCA INC                        | HCA Inc                                                                         | CUSIP: 404119CY3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3045461.22   | 0.31%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC              | HSBC Holdings PLC                                                               | CUSIP: 404280ED7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   3550000 | PA      | $3656408.55   | 0.37%             | 2030-03-04      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO               | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBT5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3483305.07   | 0.35%             | 2029-10-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust   | Hilton Grand Vacations Trust 2022-2                                             | CUSIP: 43283GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    582409 | PA      | $577645.06    | 0.06%             | 2037-01-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| IDEX CORP                      | IDEX Corp                                                                       | CUSIP: 45167RAJ3<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | DBT              | CORP              | US        |   2050000 | PA      | $2084318.76   | 0.21%             | 2029-09-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                             | CUSIP: 46647PBT2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1282553.45   | 0.13%             | 2026-11-19      | Variable      | 1.04%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                             | CUSIP: 46647PDW3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10219999.00  | 1.03%             | 2027-10-22      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| EquipmentShare                 | OWN Equipment Fund II LLC                                                       | CUSIP: 690912AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $702158.24    | 0.07%             | 2033-09-26      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| DARDEN RESTAURANTS INC         | Darden Restaurants Inc                                                          | CUSIP: 237194AP0<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1503382.17   | 0.15%             | 2027-10-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA        | Hyundai Capital America                                                         | CUSIP: 44891ADP9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1356365.02   | 0.14%             | 2027-03-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| INFOR INC                      | Infor LLC                                                                       | CUSIP: 45674CAA1<br>LEI: 549300Q3IIYBYI4RHD64 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2796159.10   | 0.28%             | 2025-07-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO       | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                      | CUSIP: 46590XAZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   3985000 | PA      | $4075499.35   | 0.41%             | 2028-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                             | CUSIP: 46647PEA0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   6750000 | PA      | $6816176.46   | 0.69%             | 2028-01-23      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                             | CUSIP: 46647PEP7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3550000 | PA      | $3561301.71   | 0.36%             | 2028-10-22      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC           | Keurig Dr Pepper Inc                                                            | CUSIP: 49271VAZ3<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   4450000 | PA      | $4458499.50   | 0.45%             | 2028-05-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                  | CUSIP: 61747YEX9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1255450.71   | 0.13%             | 2026-10-16      | Variable      | 6.14%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                  | CUSIP: 61747YEZ4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2507876.38   | 0.25%             | 2027-01-28      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                  | CUSIP: 61747YFQ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3125000 | PA      | $3246573.00   | 0.33%             | 2030-04-18      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| Navient Education Loan Trust   | Navient Education Loan Trust 2025-A                                             | CUSIP: 63943EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1209620.94   | 0.12%             | 2055-07-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2018-C                                         | CUSIP: 78449QAB3<br>LEI: 549300V1P5RKG8RJI005 | Long             | ABS-O            | CORP              | US        |    492388 | PA      | $483958.26    | 0.05%             | 2035-11-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRU | SoFi Consumer Loan Program 2025-2 Trust                                         | CUSIP: 83407HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    950000 | PA      | $953655.41    | 0.10%             | 2034-06-25      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| TIAA CLO Ltd                   | TIAA CLO IV Ltd                                                                 | CUSIP: 88631YAL1<br>LEI: 5493000Q4E256SBMCY29 | Long             | ABS-CBDO         | CORP              | KY        |   1180284 | PA      | $1181824.41   | 0.12%             | 2032-01-20      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

**Name of Applicant:** Aristotle Fund Series Trust

**Signature:** /s/ Josh Schwab

**Name of Signer:** Aristotle Fund Series Trust

**Title:** Treasurer