# EDGAR Filing Document

**Accession Number:** 0001710607
**File Stem:** 0001193125-26-024625
**Filing Date:** 2026-1
**Character Count:** 222556
**Document Hash:** 2c73c205cf549dd3006f54fa8429d778
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-024625.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0001193125-26-024625

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN CENTURY ETF TRUST
- **CENTRAL INDEX KEY:** 0001710607

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23305
- **FILM NUMBER:** 26566241

**BUSINESS ADDRESS:**
- **STREET 1:** 4500 MAIN STREET
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64111
- **BUSINESS PHONE:** (816) 531-5575

**MAIL ADDRESS:**
- **STREET 1:** 4500 MAIN STREET
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** American Century ETF Trust
- **DATE OF NAME CHANGE:** 20170628

## Series and Classes Contracts Data

### American Century Multisector Income ETF (Series ID: S000072410)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000228610 | American Century Multisector Income ETF | MUSI            |

## Nport-Ex

**American Century Investments**<sup>®</sup>

**Quarterly Portfolio Holdings**

**American Century**<sup>®</sup> **Multisector Income ETF (MUSI)**

**November 30, 2025**

------

---

| |
|:---|
| **<u>Multisector Income ETF - Schedule of Investments</u>** |
| **NOVEMBER 30, 2025 (UNAUDITED)** |

---

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| | | |
|:---|:---|:---|
| | **Principal**<br>**Amount ($)/Shares** | **Value ($)** |
| **CORPORATE BONDS — 48.4%** |  |  |
| **Aerospace and Defense — 1.1%** |  |  |
| Boeing Co., 5.71%, 5/1/40 | 205000 | 210771 |
| Carpenter Technology Corp., 5.625%, 3/1/34<sup>(1)</sup> | 185000 | 188256 |
| Spirit AeroSystems, Inc., 4.60%, 6/15/28 | 650000 | 653899 |
| TransDigm, Inc., 4.625%, 1/15/29 | 800000 | 790799 |
|  |  | 1843725 |
| **Automobile Components — 0.4%** |  |  |
| American Axle & Manufacturing, Inc., 7.75%, 10/15/33<sup>(1)</sup> | 735000 | 742856 |
| **Automobiles — 0.6%** |  |  |
| Ford Motor Credit Co. LLC, 7.20%, 6/10/30 | 310000 | 333032 |
| Nissan Motor Acceptance Co. LLC, 6.125%, 9/30/30<sup>(1)</sup> | 710000 | 704211 |
|  |  | 1037243 |
| **Banks — 4.1%** |  |  |
| Bank of Montreal, VRN, 7.70%, 5/26/84 | 1031000 | 1097578 |
| Bank of Nova Scotia, VRN, 8.625%, 10/27/82 | 415000 | 440975 |
| Bank of Nova Scotia, VRN, 8.00%, 1/27/84 | 295000 | 316156 |
| BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico, VRN, 5.125%, 1/18/33<sup>(1)</sup> | 650000 | 638684 |
| Comerica, Inc., VRN, 5.98%, 1/30/30 | 635000 | 662080 |
| Freedom Mortgage Corp., 6.625%, 1/15/27<sup>(1)</sup> | 590000 | 592028 |
| Freedom Mortgage Holdings LLC, 9.25%, 2/1/29<sup>(1)</sup> | 349000 | 366169 |
| Intesa Sanpaolo SpA, 5.71%, 1/15/26<sup>(1)</sup> | 695000 | 695843 |
| Intesa Sanpaolo SpA, VRN, 4.20%, 6/1/32<sup>(1)</sup> | 445000 | 424529 |
| Intesa Sanpaolo SpA, VRN, 4.95%, 6/1/42<sup>(1)</sup> | 510000 | 435330 |
| Toronto-Dominion Bank, VRN, 8.125%, 10/31/82 | 610000 | 643125 |
| Zions Bancorp NA, 3.25%, 10/29/29 | 910000 | 850417 |
|  |  | 7162914 |
| **Biotechnology — 0.4%** |  |  |
| Biocon Biologics Global PLC, 6.67%, 10/9/29<sup>(1)</sup> | 500000 | 492843 |
| Genmab AS/Genmab Finance LLC, 7.25%, 12/15/33<sup>(1)(2)</sup> | 200000 | 209591 |
|  |  | 702434 |
| **Building Products — 1.0%** |  |  |
| Builders FirstSource, Inc., 5.00%, 3/1/30<sup>(1)</sup> | 412000 | 410625 |
| Builders FirstSource, Inc., 4.25%, 2/1/32<sup>(1)</sup> | 1050000 | 998840 |
| Standard Building Solutions, Inc., 6.50%, 8/15/32<sup>(1)</sup> | 135000 | 139385 |
| Standard Industries, Inc., 4.375%, 7/15/30<sup>(1)</sup> | 155000 | 150421 |
|  |  | 1699271 |
| **Capital Markets — 3.7%** |  |  |
| Ares Strategic Income Fund, 5.70%, 3/15/28 | 203000 | 205780 |
| Blackstone Private Credit Fund, 5.95%, 7/16/29 | 260000 | 265982 |
| Blue Owl Capital Corp., 3.40%, 7/15/26 | 410000 | 406826 |
| Blue Owl Capital Corp., 5.95%, 3/15/29 | 356000 | 360596 |
| Blue Owl Credit Income Corp., 7.75%, 1/15/29 | 945000 | 999984 |
| Blue Owl Technology Finance Corp., 6.10%, 3/15/28<sup>(1)</sup> | 1071000 | 1073869 |
| Blue Owl Technology Finance Corp., 6.75%, 4/4/29<sup>(3)</sup> | 460000 | 468553 |
| Deutsche Bank AG, VRN, 4.875%, 12/1/32 | 1110000 | 1111568 |
| Golub Capital BDC, Inc., 7.05%, 12/5/28 | 445000 | 468686 |
| Golub Capital Private Credit Fund, 5.45%, 8/15/28<sup>(1)</sup> | 405000 | 407659 |
| HPS Corporate Lending Fund, 4.90%, 9/11/28<sup>(1)</sup> | 205000 | 203576 |
| HPS Corporate Lending Fund, 6.25%, 9/30/29<sup>(3)</sup> | 199000 | 205152 |

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| | | |
|:---|:---|:---|
| LPL Holdings, Inc., 5.15%, 6/15/30 | 215000 | 219892 |
| North Haven Private Income Fund LLC, 5.125%, 9/25/28<sup>(1)</sup> | 175000 | 174466 |
|  |  | 6572589 |
| **Chemicals — 0.8%** |  |  |
| Braskem Netherlands Finance BV, 4.50%, 1/10/28<sup>(1)</sup> | 285000 | 112048 |
| Braskem Netherlands Finance BV, 4.50%, 1/31/30<sup>(1)</sup> | 680000 | 242699 |
| Celanese U.S. Holdings LLC, 6.50%, 4/15/30<sup>(3)</sup> | 680000 | 679349 |
| Solstice Advanced Materials, Inc., 5.625%, 9/30/33<sup>(1)</sup> | 390000 | 392434 |
|  |  | 1426530 |
| **Commercial Services and Supplies — 0.5%** |  |  |
| Williams Scotsman, Inc., 6.625%, 6/15/29<sup>(1)</sup> | 845000 | 872459 |
| **Construction and Engineering — 0.5%** |  |  |
| Brand Industrial Services, Inc., 10.375%, 8/1/30<sup>(1)</sup> | 935000 | 918083 |
| **Construction Materials — 0.4%** |  |  |
| Quikrete Holdings, Inc., 6.375%, 3/1/32<sup>(1)</sup> | 193000 | 200570 |
| Quikrete Holdings, Inc., 6.75%, 3/1/33<sup>(1)</sup> | 414000 | 431432 |
|  |  | 632002 |
| **Consumer Finance — 1.3%** |  |  |
| Ally Financial, Inc., 8.00%, 11/1/31 | 250000 | 284624 |
| Bread Financial Holdings, Inc., 6.75%, 5/15/31<sup>(1)</sup> | 465000 | 475293 |
| OneMain Finance Corp., 6.125%, 5/15/30 | 115000 | 116942 |
| OneMain Finance Corp., 7.50%, 5/15/31 | 379000 | 398494 |
| PRA Group, Inc., 8.875%, 1/31/30<sup>(1)</sup> | 273000 | 283361 |
| Stellantis Financial Services U.S. Corp., 4.95%, 9/15/28<sup>(1)</sup> | 775000 | 781400 |
|  |  | 2340114 |
| **Consumer Staples Distribution & Retail — 0.2%** |  |  |
| Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC, 5.50%, 3/31/31<sup>(1)</sup> | 194000 | 196894 |
| Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC, 5.75%, 3/31/34<sup>(1)</sup> | 135000 | 136257 |
|  |  | 333151 |
| **Diversified REITs — 3.0%** |  |  |
| American Assets Trust LP, 3.375%, 2/1/31 | 620000 | 568247 |
| Brandywine Operating Partnership LP, 8.875%, 4/12/29 | 655000 | 709961 |
| Global Net Lease, Inc., 4.50%, 9/30/28<sup>(1)</sup> | 790000 | 770718 |
| Highwoods Realty LP, 5.35%, 1/15/33 | 415000 | 416896 |
| Kilroy Realty LP, 4.25%, 8/15/29 | 575000 | 565025 |
| Kilroy Realty LP, 3.05%, 2/15/30 | 130000 | 120600 |
| MPT Operating Partnership LP/MPT Finance Corp., 8.50%, 2/15/32<sup>(1)</sup> | 595000 | 629352 |
| Piedmont Operating Partnership LP, 6.875%, 7/15/29 | 79000 | 83989 |
| Piedmont Operating Partnership LP, 5.625%, 1/15/33 | 615000 | 619943 |
| Trust Fibra Uno, 4.87%, 1/15/30<sup>(1)</sup> | 149000 | 144152 |
| Trust Fibra Uno, 8.25%, 1/23/37<sup>(1)</sup> | 515000 | 585366 |
|  |  | 5214249 |
| **Diversified Telecommunication Services — 1.1%** |  |  |
| Frontier Communications Holdings LLC, 8.625%, 3/15/31<sup>(1)</sup> | 1232000 | 1302422 |
| Level 3 Financing, Inc., 7.00%, 3/31/34<sup>(1)</sup> | 694406 | 711888 |
|  |  | 2014310 |
| **Electric Utilities — 2.8%** |  |  |
| Alliant Energy Corp., VRN, 5.75%, 4/1/56 | 710000 | 709678 |
| American Electric Power Co., Inc., VRN, 5.80%, 3/15/56 | 330000 | 327937 |
| American Electric Power Co., Inc., VRN, 6.05%, 3/15/56 | 330000 | 330421 |
| Duke Energy Florida LLC, 4.20%, 12/1/30 | 179000 | 179413 |
| Emera, Inc., Series 16-A, VRN, 6.75%, 6/15/76 | 546000 | 550467 |
| EUSHI Finance, Inc., VRN, 6.25%, 4/1/56 | 650000 | 651159 |
| Hawaiian Electric Co., Inc., 6.00%, 10/1/33<sup>(1)</sup> | 528000 | 534949 |
| Palomino Funding Trust I, 7.23%, 5/17/28<sup>(1)</sup> | 520000 | 550690 |

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| | | |
|:---|:---|:---|
| RWE Finance U.S. LLC, 5.125%, 9/18/35<sup>(1)</sup> | 153000 | 152264 |
| Southern Co., Series B, VRN, 4.00%, 1/15/51 | 112000 | 112146 |
| VoltaGrid LLC, 7.375%, 11/1/30<sup>(1)</sup> | 359000 | 358250 |
| XPLR Infrastructure Operating Partners LP, 7.75%, 4/15/34<sup>(1)</sup> | 525000 | 534102 |
|  |  | 4991476 |
| **Electronic Equipment, Instruments and Components — 0.3%** |  |  |
| Amphenol Corp., 4.40%, 2/15/33 | 480000 | 478083 |
| **Entertainment — 0.7%** |  |  |
| Warnermedia Holdings, Inc., 3.76%, 3/15/27 | 595000 | 580571 |
| Warnermedia Holdings, Inc., 5.05%, 3/15/42 | 704000 | 563756 |
|  |  | 1144327 |
| **Financial Services — 1.8%** |  |  |
| Antares Holdings LP, 7.95%, 8/11/28<sup>(1)</sup> | 430000 | 455714 |
| Atlas Warehouse Lending Co. LP, 4.625%, 11/15/28<sup>(1)</sup> | 620000 | 621958 |
| Essent Group Ltd., 6.25%, 7/1/29 | 530000 | 554405 |
| NMI Holdings, Inc., 6.00%, 8/15/29 | 488000 | 505607 |
| PennyMac Financial Services, Inc., 7.125%, 11/15/30<sup>(1)</sup> | 542000 | 569322 |
| Rocket Cos., Inc., 6.125%, 8/1/30<sup>(1)</sup> | 200000 | 207768 |
| Rocket Cos., Inc., 6.375%, 8/1/33<sup>(1)</sup> | 130000 | 136294 |
| UWM Holdings LLC, 6.25%, 3/15/31<sup>(1)</sup> | 150000 | 150761 |
|  |  | 3201829 |
| **Food Products — 0.2%** |  |  |
| MARB BondCo PLC, 3.95%, 1/29/31<sup>(1)</sup> | 379000 | 342546 |
| **Gas Utilities — 0.4%** |  |  |
| Grupo Energia Bogota SA ESP, 5.75%, 10/22/35<sup>(1)</sup> | 200000 | 199995 |
| Spire, Inc., VRN, 6.25%, 6/1/56 | 430000 | 426864 |
|  |  | 626859 |
| **Health Care Equipment and Supplies — 0.7%** |  |  |
| Baxter International, Inc., 4.90%, 12/15/30<sup>(2)</sup> | 205000 | 206239 |
| Medline Borrower LP/Medline Co-Issuer, Inc., 6.25%, 4/1/29<sup>(1)</sup> | 920000 | 952725 |
|  |  | 1158964 |
| **Health Care Providers and Services — 1.0%** |  |  |
| Acadia Healthcare Co., Inc., 5.00%, 4/15/29<sup>(1)</sup> | 625000 | 607752 |
| CHS/Community Health Systems, Inc., 4.75%, 2/15/31<sup>(1)</sup> | 605000 | 541771 |
| CVS Health Corp., VRN, 7.00%, 3/10/55 | 184000 | 193653 |
| Surgery Center Holdings, Inc., 7.25%, 4/15/32<sup>(1)(3)</sup> | 357000 | 366806 |
|  |  | 1709982 |
| **Hotel & Resort REITs — 0.3%** |  |  |
| Service Properties Trust, 0.00%, 9/30/28<sup>(1)(4)</sup> | 646000 | 578717 |
| **Hotels, Restaurants and Leisure — 1.1%** |  |  |
| Caesars Entertainment, Inc., 4.625%, 10/15/29<sup>(1)(3)</sup> | 765000 | 724531 |
| Caesars Entertainment, Inc., 7.00%, 2/15/30<sup>(1)</sup> | 117000 | 121195 |
| Carnival Corp., 6.125%, 2/15/33<sup>(1)</sup> | 597000 | 615336 |
| Light & Wonder International, Inc., 7.25%, 11/15/29<sup>(1)</sup> | 340000 | 349888 |
| Royal Caribbean Cruises Ltd., 6.00%, 2/1/33<sup>(1)</sup> | 159000 | 163758 |
|  |  | 1974708 |
| **Household Durables — 0.6%** |  |  |
| Ashton Woods USA LLC/Ashton Woods Finance Co., 6.875%, 8/1/33<sup>(1)</sup> | 499000 | 502001 |
| TopBuild Corp., 3.625%, 3/15/29<sup>(1)</sup> | 475000 | 458682 |
|  |  | 960683 |
| **Independent Power and Renewable Electricity Producers — 0.6%** |  |  |
| Greenko Wind Projects Mauritius Ltd., 7.25%, 9/27/28<sup>(1)</sup> | 476000 | 480842 |
| Saavi Energia SARL, 8.875%, 2/10/35<sup>(1)</sup> | 550000 | 591597 |
|  |  | 1072439 |

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| | | |
|:---|:---|:---|
| **Insurance — 0.9%** |  |  |
| Aspen Insurance Holdings Ltd., 5.75%, 7/1/30 | 495000 | 519050 |
| F&G Annuities & Life, Inc., 6.50%, 6/4/29 | 164000 | 171118 |
| Global Atlantic Fin Co., 4.40%, 10/15/29<sup>(1)</sup> | 496000 | 488145 |
| Liberty Mutual Group, Inc., VRN, 4.125%, 12/15/51<sup>(1)</sup> | 493000 | 483564 |
|  |  | 1661877 |
| **Interactive Media and Services — 0.5%** |  |  |
| Meta Platforms, Inc., 4.60%, 11/15/32 | 705000 | 715746 |
| Meta Platforms, Inc., 4.875%, 11/15/35 | 240000 | 242694 |
|  |  | 958440 |
| **IT Services — 0.5%** |  |  |
| CoreWeave, Inc., 9.25%, 6/1/30<sup>(1)</sup> | 415000 | 383277 |
| Genpact U.K. Finco PLC/Genpact USA, Inc., 4.95%, 11/18/30 | 500000 | 503539 |
|  |  | 886816 |
| **Machinery — 1.0%** |  |  |
| Allison Transmission, Inc., 5.875%, 12/1/33<sup>(1)</sup> | 605000 | 610892 |
| Chart Industries, Inc., 7.50%, 1/1/30<sup>(1)</sup> | 180000 | 187774 |
| Chart Industries, Inc., 9.50%, 1/1/31<sup>(1)</sup> | 474000 | 506414 |
| Husky Injection Molding Systems Ltd./Titan Co-Borrower LLC, 9.00%, 2/15/29<sup>(1)</sup> | 470000 | 495263 |
|  |  | 1800343 |
| **Marine Transportation — 0.2%** |  |  |
| Yinson Bergenia Production BV, 8.50%, 1/31/45<sup>(1)</sup> | 308000 | 323270 |
| **Media — 3.9%** |  |  |
| CCO Holdings LLC/CCO Holdings Capital Corp., 5.125%, 5/1/27<sup>(1)</sup> | 691000 | 690457 |
| CCO Holdings LLC/CCO Holdings Capital Corp., 7.375%, 3/1/31<sup>(1)</sup> | 615000 | 627900 |
| Cox Communications, Inc., 5.70%, 6/15/33<sup>(1)</sup> | 306000 | 309445 |
| Discovery Communications LLC, 3.95%, 3/20/28 | 321000 | 304950 |
| Discovery Communications LLC, 4.125%, 5/15/29 | 470000 | 457531 |
| Gray Media, Inc., 7.25%, 8/15/33<sup>(1)</sup> | 605000 | 606519 |
| Nexstar Media, Inc., 4.75%, 11/1/28<sup>(1)</sup> | 1335000 | 1324938 |
| Paramount Global, 4.375%, 3/15/43 | 587000 | 442078 |
| Paramount Global, VRN, 6.25%, 2/28/57 | 310000 | 302064 |
| Sirius XM Radio LLC, 4.00%, 7/15/28<sup>(1)</sup> | 525000 | 512213 |
| TEGNA, Inc., 4.625%, 3/15/28 | 670000 | 664419 |
| Univision Communications, Inc., 7.375%, 6/30/30<sup>(1)</sup> | 611000 | 620376 |
|  |  | 6862890 |
| **Metals and Mining — 0.3%** |  |  |
| Cleveland-Cliffs, Inc., 7.50%, 9/15/31<sup>(1)</sup> | 101000 | 105721 |
| Cleveland-Cliffs, Inc., 7.375%, 5/1/33<sup>(1)</sup> | 314000 | 324166 |
| Commercial Metals Co., 6.00%, 12/15/35<sup>(1)</sup> | 35000 | 35676 |
|  |  | 465563 |
| **Mortgage Real Estate Investment Trusts (REITs) — 0.8%** |  |  |
| Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 4.75%, 6/15/29<sup>(1)</sup> | 352000 | 347261 |
| Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 7.00%, 7/15/31<sup>(1)</sup> | 1065000 | 1129839 |
|  |  | 1477100 |
| **Multi-Utilities — 1.1%** |  |  |
| NiSource, Inc., 5.35%, 7/15/35 | 591000 | 606771 |
| Sempra, VRN, 4.125%, 4/1/52 | 832000 | 811283 |
| WEC Energy Group, Inc., VRN, 5.625%, 5/15/56 | 541000 | 549428 |
|  |  | 1967482 |
| **Oil, Gas and Consumable Fuels — 3.9%** |  |  |
| Blue Racer Midstream LLC/Blue Racer Finance Corp., 7.00%, 7/15/29<sup>(1)</sup> | 405000 | 422698 |
| Ecopetrol SA, 7.75%, 2/1/32 | 250000 | 256765 |
| Enbridge, Inc., VRN, 6.00%, 1/15/77 | 750000 | 753142 |
| EQT Corp., 7.50%, 6/1/27 | 425000 | 431732 |

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| | | |
|:---|:---|:---|
| Expand Energy Corp., 6.75%, 4/15/29<sup>(1)</sup> | 73000 | 73538 |
| Expand Energy Corp., 5.375%, 3/15/30 | 450000 | 456387 |
| Matador Resources Co., 6.50%, 4/15/32<sup>(1)</sup> | 701000 | 712438 |
| Ovintiv, Inc., 7.20%, 11/1/31 | 227000 | 252465 |
| Ovintiv, Inc., 7.375%, 11/1/31 | 188000 | 210387 |
| Ovintiv, Inc., 7.10%, 7/15/53 | 190000 | 204620 |
| Petroleos Mexicanos, 5.95%, 1/28/31 | 1305000 | 1260786 |
| PRIO Luxembourg Holding SARL, 6.75%, 10/15/30<sup>(1)</sup> | 237000 | 232261 |
| Repsol E&P Capital Markets U.S. LLC, 5.98%, 9/16/35<sup>(1)</sup> | 261000 | 267744 |
| Santos Finance Ltd., 5.75%, 11/13/35<sup>(1)</sup> | 579000 | 580801 |
| SierraCol Energy Andina LLC/SierraCol Energy Arauca/Colombia Energy Development, 9.00%, 11/14/30<sup>(1)</sup> | 232000 | 227795 |
| Sunoco LP, 7.00%, 5/1/29<sup>(1)</sup> | 453000 | 471886 |
|  |  | 6815445 |
| **Passenger Airlines — 0.5%** |  |  |
| American Airlines, Inc., 7.25%, 2/15/28<sup>(1)(3)</sup> | 337000 | 345252 |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.50%, 4/20/26<sup>(1)</sup> | 29 | 30 |
| Grupo Aeromexico SAB de CV, 8.25%, 11/15/29<sup>(1)</sup> | 345000 | 345852 |
| Latam Airlines Group SA, 7.875%, 4/15/30<sup>(1)</sup> | 247000 | 259120 |
|  |  | 950254 |
| **Personal Care Products — 0.5%** |  |  |
| Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC, 5.60%, 1/15/31<sup>(1)</sup> | 805000 | 810955 |
| **Pharmaceuticals — 0.6%** |  |  |
| 1261229 BC Ltd., 10.00%, 4/15/32<sup>(1)</sup> | 450000 | 465611 |
| Perrigo Finance Unlimited Co., 4.90%, 6/15/30 | 200000 | 193430 |
| Royalty Pharma PLC, 4.45%, 3/25/31<sup>(3)</sup> | 450000 | 449369 |
|  |  | 1108410 |
| **Real Estate Management and Development — 0.4%** |  |  |
| Anywhere Real Estate Group LLC/Realogy Co-Issuer Corp., 9.75%, 4/15/30<sup>(1)</sup> | 112000 | 121766 |
| Forestar Group, Inc., 6.50%, 3/15/33<sup>(1)</sup> | 605000 | 623252 |
|  |  | 745018 |
| **Semiconductors and Semiconductor Equipment — 0.4%** |  |  |
| Foundry JV Holdco LLC, 5.50%, 1/25/31<sup>(1)</sup> | 385000 | 400632 |
| Foundry JV Holdco LLC, 6.25%, 1/25/35<sup>(1)</sup> | 145000 | 155414 |
| Foundry JV Holdco LLC, 6.10%, 1/25/36<sup>(1)</sup> | 200000 | 212694 |
|  |  | 768740 |
| **Software — 0.4%** |  |  |
| Oracle Corp., 4.80%, 9/26/32 | 695000 | 683464 |
| **Specialized REITs — 0.5%** |  |  |
| SBA Communications Corp., 3.125%, 2/1/29 | 869000 | 831367 |
| **Specialty Retail — 1.1%** |  |  |
| Advance Auto Parts, Inc., 7.00%, 8/1/30<sup>(1)</sup> | 59000 | 60265 |
| Advance Auto Parts, Inc., 7.375%, 8/1/33<sup>(1)</sup> | 590000 | 601526 |
| PetSmart LLC/PetSmart Finance Corp., 7.50%, 9/15/32<sup>(1)</sup> | 610000 | 616196 |
| Wayfair LLC, 6.75%, 11/15/32<sup>(1)</sup> | 600000 | 613712 |
|  |  | 1891699 |
| **Trading Companies and Distributors — 0.4%** |  |  |
| Herc Holdings, Inc., 7.25%, 6/15/33<sup>(1)</sup> | 720000 | 762789 |
| **Wireless Telecommunication Services — 0.9%** |  |  |
| Digicel International Finance Ltd./Difl U.S. LLC, 8.625%, 8/1/32<sup>(1)</sup> | 446000 | 456935 |
| T-Mobile USA, Inc., 6.70%, 12/15/33 | 931000 | 1050766 |
|  |  | 1507701 |
| **TOTAL CORPORATE BONDS**<br>(Cost $84,389,979) |  | **85032166** |
| **ASSET-BACKED SECURITIES — 12.2%** |  |  |
| ACM Auto Trust, Series 2025-2A, Class A, SEQ, 5.55%, 6/20/28<sup>(1)</sup> | 613725 | 613913 |

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| | | |
|:---|:---|:---|
| Aligned Data Centers Issuer LLC, Series 2021-1A, Class B, 2.48%, 8/15/46<sup>(1)</sup> | 400000 | 391467 |
| Aligned Data Centers Issuer LLC, Series 2023-1A, Class A2, SEQ, 6.00%, 8/17/48<sup>(1)</sup> | 616000 | 620706 |
| Blackbird Capital II Aircraft Lease Ltd., Series 2021-1A, Class B, 3.45%, 7/15/46<sup>(1)</sup> | 321181 | 308617 |
| CARS-DB4 LP, Series 2020-1A, Class B2, 4.52%, 2/15/50<sup>(1)</sup> | 100000 | 97759 |
| Castlelake Aircraft Securitization Trust, Series 2018-1, Class A, SEQ, 4.125%, 6/15/43<sup>(1)</sup> | 82224 | 81410 |
| Centersquare Issuer LLC, Series 2025-3A, Class A2, SEQ, 5.00%, 8/25/55<sup>(1)</sup> | 754706 | 732777 |
| Cherry Securitization Trust, Series 2025-1A, Class B, 6.53%, 11/15/32<sup>(1)</sup> | 800000 | 814372 |
| CLI Funding VIII LLC, Series 2022-1A, Class B, 3.12%, 1/18/47<sup>(1)</sup> | 682746 | 627580 |
| Cologix Canadian Issuer LP, Series 2022-1CAN, Class C, 7.74%, 1/25/52<sup>(1)</sup> | 350000 | 245705 |
| Cologix Data Centers U.S. Issuer LLC, Series 2021-1A, Class A2, SEQ, 3.30%, 12/26/51<sup>(1)</sup> | 775000 | 759403 |
| Concord Music Royalties LLC, Series 2025-1A, Class A2, SEQ, 5.51%, 7/20/75<sup>(1)</sup> | 570000 | 573710 |
| Continental Finance Credit Card ABS Master Trust, Series 2022-A, Class A, SEQ, 6.19%, 10/15/30<sup>(1)</sup> | 512078 | 513178 |
| CyrusOne Data Centers Issuer I LLC, Series 2024-2A, Class A2, SEQ, 4.50%, 5/20/49<sup>(1)</sup> | CAD 350,000 | 343504 |
| DataBank Issuer LLC, Series 2023-1A, Class A2, SEQ, 5.12%, 2/25/53<sup>(1)</sup> | 678000 | 676279 |
| Diamond Issuer LLC, Series 2021-1A, Class A, SEQ, 2.31%, 11/20/51<sup>(1)</sup> | 691000 | 657627 |
| EDI ABS Issuer 1 LLC, Series 2025-1A, Class B, 4.55%, 7/25/55<sup>(1)</sup> | 306000 | 292078 |
| Flexential Issuer LLC, Series 2021-1A, Class A2, SEQ, 3.25%, 11/27/51<sup>(1)</sup> | 240000 | 236264 |
| Flexential Issuer LLC, Series 2025-1A, Class A2, SEQ, 6.03%, 10/25/60<sup>(1)</sup> | 445000 | 445039 |
| GoodLeap Sustainable Home Solutions Trust, Series 2021-4GS, Class A, SEQ, 1.93%, 7/20/48<sup>(1)</sup> | 262008 | 217143 |
| GS Mortgage-Backed Securities Trust, Series 2024-HE1, Class A1, VRN, 5.67%, (30-day average SOFR plus 1.60%), 8/25/54<sup>(1)</sup> | 328810 | 329742 |
| Hilton Grand Vacations Trust, Series 2024-2A, Class D, 6.91%, 3/25/38<sup>(1)</sup> | 198326 | 204392 |
| LMRK Issuer Co. 2 LLC, Series 2025-1A, Class A, SEQ, 5.52%, 9/15/55<sup>(1)</sup> | 611000 | 619921 |
| Lyra Music Assets Delaware LP, Series 2024-2A, Class A2, SEQ, 5.76%, 12/22/64<sup>(1)</sup> | 691008 | 702507 |
| Lyra Music Assets Delaware LP, Series 2025-1A, Class A2, SEQ, 5.60%, 9/20/65<sup>(1)</sup> | 323000 | 327477 |
| MACH 1 Cayman Ltd., Series 2019-1, Class A, SEQ, 3.47%, 10/15/39<sup>(1)</sup> | 68100 | 67395 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class C, 5.41%, 9/15/31<sup>(1)</sup> | 544000 | 546110 |
| Mosaic Solar Loan Trust, Series 2021-3A, Class B, 1.92%, 6/20/52<sup>(1)</sup> | 664643 | 516366 |
| Mosaic Solar Loan Trust, Series 2023-2A, Class A, SEQ, 5.36%, 9/22/53<sup>(1)</sup> | 217845 | 211206 |
| New Economy Assets - Phase 1 Sponsor LLC, Series 2021-1, Class B1, 2.41%, 10/20/61<sup>(1)</sup> | 750000 | 517342 |
| NP SPE IX LP, Series 2019-1A, Class A1, SEQ, 2.57%, 9/20/49<sup>(1)</sup> | 102687 | 101560 |
| PowerPay Issuance Trust, Series 2025-1A, Class A, SEQ, 5.23%, 11/18/41<sup>(1)</sup> | 448176 | 450056 |
| RCKT Mortgage Trust, Series 2024-CES3, Class A1A, VRN, 6.59%, 5/25/44<sup>(1)</sup> | 142909 | 145099 |
| RCKT Mortgage Trust, Series 2024-CES4, Class A3, SEQ, 6.67%, 6/25/44<sup>(1)</sup> | 850000 | 862842 |
| RCKT Trust, Series 2025-1A, Class D, 5.42%, 7/25/34<sup>(1)</sup> | 286000 | 287738 |
| Regional Management Issuance Trust, Series 2025-1, Class B, 5.53%, 4/17/34<sup>(1)</sup> | 300000 | 303548 |
| Research-Driven Pagaya Motor Asset Trust, Series 2025-4A, Class B, 5.50%, 4/25/34<sup>(1)</sup> | 856835 | 865091 |
| Scalelogix ABS U.S. Issuer LLC, Series 2025-1A, Class B, 6.16%, 7/25/55<sup>(1)</sup> | 562000 | 569008 |
| SEB Funding LLC, Series 2024-1A, Class A2, SEQ, 7.39%, 4/30/54<sup>(1)</sup> | 504000 | 516123 |
| Slam Ltd., Series 2021-1A, Class B, 3.42%, 6/15/46<sup>(1)</sup> | 361100 | 345629 |
| Stack Infrastructure Issuer LLC, Series 2021-1A, Class A2, SEQ, 1.88%, 3/26/46<sup>(1)</sup> | 167000 | 165304 |
| Subway Funding LLC, Series 2024-1A, Class A2I, SEQ, 6.03%, 7/30/54<sup>(1)</sup> | 940500 | 952049 |
| Uniti Fiber ABS Issuer LLC, Series 2025-1A, Class B, 6.37%, 4/20/55<sup>(1)</sup> | 625963 | 644596 |
| VB-S1 Issuer LLC, Series 2022-1A, Class D, 4.29%, 2/15/52<sup>(1)</sup> | 425000 | 419535 |
| VB-S1 Issuer LLC, Series 2024-1A, Class F, 8.87%, 5/15/54<sup>(1)</sup> | 475000 | 492847 |
| Vertical Bridge CC LLC, Series 2025-1A, Class C, 7.45%, 8/16/55<sup>(1)</sup> | 526972 | 537888 |
| Vista Point Securitization Trust, Series 2024-CES1, Class A1, 6.68%, 5/25/54<sup>(1)</sup> | 405914 | 410832 |
| T**OTAL ASSET-BACKED SECURITIES**<br>(Cost $21,273,955) |  | **21360734** |
| **CONVERTIBLE PREFERRED SECURITIES — 7.3%** |  |  |
| **Banks — 6.6%** |  |  |
| Australia & New Zealand Banking Group Ltd., 6.75%<sup>(1)</sup> | 294000 | 298056 |
| Banco Bilbao Vizcaya Argentaria SA, 6.125% | 800000 | 807246 |
| Banco Davivienda SA, 6.65%<sup>(1)</sup> | 281000 | 256378 |
| Banco Mercantil del Norte SA, 5.875%<sup>(1)</sup> | 425000 | 419973 |

---

------

---

| | | |
|:---|:---|:---|
| Banco Santander SA, 4.75% | 800000 | 791122 |
| Barclays PLC, 8.00% | 822000 | 872330 |
| BNP Paribas SA, 8.50%<sup>(1)</sup> | 1120000 | 1196467 |
| Danske Bank AS, 4.375% | 1029000 | 1027612 |
| HSBC Holdings PLC, 6.00% | 800000 | 806128 |
| HSBC Holdings PLC, 6.875% | 200000 | 207653 |
| ING Groep NV, 7.50% | 600000 | 625482 |
| Lloyds Banking Group PLC, 6.75% | 1021000 | 1034644 |
| Nordea Bank Abp, 6.625%<sup>(1)</sup> | 975000 | 984094 |
| Skandinaviska Enskilda Banken AB, 6.875% | 1000000 | 1028222 |
| Societe Generale SA, 9.375%<sup>(1)</sup> | 785000 | 838306 |
| Standard Chartered PLC, 7.75%<sup>(1)</sup> | 221000 | 229474 |
| Svenska Handelsbanken AB, 4.375% | 200000 | 198053 |
|  |  | 11621240 |
| **Capital Markets — 0.7%** |  |  |
| UBS Group AG, 9.25%<sup>(1)</sup> | 1175000 | 1293420 |
| **TOTAL CONVERTIBLE PREFERRED SECURITIES**<br>(Cost $12,709,162) |  | **12914660** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS — 7.3%** |  |  |
| **Private Sponsor Collateralized Mortgage Obligations — 6.6%** |  |  |
| Angel Oak Mortgage Trust, Series 2020-2, Class A2, VRN, 3.86%, 1/26/65<sup>(1)</sup> | 128638 | 125728 |
| Angel Oak Mortgage Trust, Series 2020-5, Class A2, SEQ, VRN, 1.58%, 5/25/65<sup>(1)</sup> | 209769 | 203056 |
| Angel Oak Mortgage Trust, Series 2021-5, Class A1, VRN, 0.95%, 7/25/66<sup>(1)</sup> | 366989 | 319190 |
| Bravo Residential Funding Trust, Series 2025-NQM3, Class A1, 5.57%, 3/25/65<sup>(1)</sup> | 280042 | 282233 |
| BRAVO Trust, Series 2025-SR1, Class A1, SEQ, 3.00%, 3/25/45<sup>(1)</sup> | 648730 | 626024 |
| Chase Home Lending Mortgage Trust, Series 2024-2, Class A6A, SEQ, VRN, 6.00%, 2/25/55<sup>(1)</sup> | 491216 | 494489 |
| Chase Home Lending Mortgage Trust, Series 2024-6, Class A9A, VRN, 6.00%, 5/25/55<sup>(1)</sup> | 282281 | 285485 |
| Chase Home Lending Mortgage Trust, Series 2024-7, Class A4, VRN, 6.00%, 6/25/55<sup>(1)</sup> | 633839 | 640204 |
| Chase Home Lending Mortgage Trust, Series 2024-9, Class A4, VRN, 5.50%, 9/25/55<sup>(1)</sup> | 350840 | 351554 |
| Chase Home Lending Mortgage Trust, Series 2024-9, Class A6, SEQ, VRN, 5.50%, 9/25/55<sup>(1)</sup> | 117157 | 117080 |
| Citigroup Mortgage Loan Trust, Inc., Series 2024-CMI1, Class A11, VRN, 5.50%, 6/25/54<sup>(1)</sup> | 543788 | 546324 |
| Citigroup Mortgage Loan Trust, Inc., Series 2025-2, Class A10, VRN, 6.00%, 2/25/55<sup>(1)</sup> | 821950 | 834364 |
| Deephaven Residential Mortgage Trust, Series 2021-3, Class A1, VRN, 1.19%, 8/25/66<sup>(1)</sup> | 211934 | 188204 |
| EFMT, Series 2024-CES1, Class A2, 5.80%, 1/26/60<sup>(1)</sup> | 406000 | 411589 |
| GCAT Trust, Series 2021-NQM1, Class A3, SEQ, VRN, 1.15%, 1/25/66<sup>(1)</sup> | 89818 | 80629 |
| GCAT Trust, Series 2024-INV3, Class A6, SEQ, VRN, 5.50%, 9/25/54<sup>(1)</sup> | 277571 | 280426 |
| JP Morgan Mortgage Trust, Series 2023-6, Class A4, SEQ, VRN, 6.00%, 12/26/53<sup>(1)</sup> | 379355 | 384449 |
| JP Morgan Mortgage Trust, Series 2023-7, Class A4A, SEQ, VRN, 5.50%, 2/25/54<sup>(1)</sup> | 883663 | 890434 |
| JP Morgan Mortgage Trust, Series 2023-8, Class A4, SEQ, VRN, 6.00%, 2/25/54<sup>(1)</sup> | 654421 | 662104 |
| JP Morgan Mortgage Trust, Series 2024-1, Class A4, SEQ, VRN, 6.00%, 6/25/54<sup>(1)</sup> | 362670 | 364729 |
| JP Morgan Mortgage Trust, Series 2024-10, Class A4, VRN, 5.50%, 3/25/55<sup>(1)</sup> | 332973 | 334827 |
| JP Morgan Mortgage Trust, Series 2024-10, Class A6, SEQ, VRN, 5.50%, 3/25/55<sup>(1)</sup> | 310586 | 311305 |
| JP Morgan Mortgage Trust, Series 2024-6, Class A6, SEQ, VRN, 6.00%, 12/25/54<sup>(1)</sup> | 120526 | 120655 |
| JP Morgan Mortgage Trust, Series 2024-INV1, Class A4, SEQ, VRN, 6.00%, 4/25/55<sup>(1)</sup> | 344257 | 350016 |
| JP Morgan Mortgage Trust, Series 2025-5MPR, Class A3, 6.16%, 11/25/55<sup>(1)</sup> | 555959 | 561917 |
| MFA Trust, Series 2024-NQM1, Class A2, SEQ, 6.83%, 3/25/69<sup>(1)</sup> | 264521 | 268022 |
| Rate Mortgage Trust, Series 2024-J3, Class A8, SEQ, VRN, 5.50%, 10/25/54<sup>(1)</sup> | 109661 | 109838 |
| Sequoia Mortgage Trust, Series 2024-10, Class A11, VRN, 5.50%, 11/25/54<sup>(1)</sup> | 121445 | 121576 |
| Sequoia Mortgage Trust, Series 2024-10, Class A5, SEQ, VRN, 5.50%, 11/25/54<sup>(1)</sup> | 207485 | 208589 |
| Sequoia Mortgage Trust, Series 2025-12, Class A4, SEQ, VRN, 5.50%, 12/25/55<sup>(1)</sup> | 950000 | 956828 |
| Triangle Re Ltd., Series 2023-1, Class M1A, VRN, 7.47%, (30-day average SOFR plus 3.40%), 11/25/33<sup>(1)</sup> | 145489 | 146779 |
|  |  | 11578647 |
| **U.S. Government Agency Collateralized Mortgage Obligations — 0.7%** |  |  |
| FHLMC, Series 2022-DNA6, Class M1A, VRN, 6.22%, (30-day average SOFR plus 2.15%), 9/25/42<sup>(1)</sup> | 51511 | 51775 |
| FHLMC, Series 2023-HQA2, Class M1A, VRN, 6.07%, (30-day average SOFR plus 2.00%), 6/25/43<sup>(1)</sup> | 59480 | 59665 |

---

------

---

| | | |
|:---|:---|:---|
| FNMA, Series 2022-R09, Class 2M1, VRN, 6.57%, (30-day average SOFR plus 2.50%), 9/25/42<sup>(1)</sup> | 141878 | 143684 |
| FNMA, Series 2023-39, Class AI, IO, 2.00%, 7/25/52 | 3987307 | 511721 |
| FNMA, Series 2024-R01, Class 1M1, VRN, 5.12%, (30-day average SOFR plus 1.05%), 1/25/44<sup>(1)</sup> | 448470 | 448217 |
|  |  | 1215062 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS**<br>(Cost $12,580,683) |  | **12793709** |
| **U.S. TREASURY SECURITIES — 4.2%** |  |  |
| U.S. Treasury Bonds, 4.625%, 11/15/55 | 3130000 | 3107992 |
| U.S. Treasury Notes, 4.625%, 9/15/26<sup>(5)</sup> | 475000 | 478525 |
| U.S. Treasury Notes, 1.625%, 10/31/26<sup>(5)</sup> | 438000 | 430069 |
| U.S. Treasury Notes, 4.375%, 12/31/29<sup>(5)</sup> | 660000 | 680264 |
| U.S. Treasury Notes, 3.625%, 8/31/30 | 2115000 | 2117479 |
| U.S. Treasury Notes, 3.625%, 9/30/30 | 555000 | 555607 |
| **TOTAL U.S. TREASURY SECURITIES**<br>(Cost $7,299,709) |  | **7369936** |
| **PREFERRED SECURITIES — 2.9%** |  |  |
| **Banks — 1.2%** |  |  |
| Bank of America Corp., 4.375% | 385000 | 380008 |
| Citigroup, Inc., 3.875% | 780000 | 777520 |
| Citigroup, Inc., 4.00% | 235000 | 235712 |
| JPMorgan Chase & Co., 3.65% | 208000 | 206242 |
| KeyCorp, 5.00% | 430000 | 429672 |
|  |  | 2029154 |
| **Capital Markets — 0.3%** |  |  |
| Charles Schwab Corp., 4.00% | 584000 | 580048 |
| **Electric Utilities — 0.3%** |  |  |
| NRG Energy, Inc., 10.25%<sup>(1)</sup> | 475000 | 518678 |
| **Oil, Gas and Consumable Fuels — 0.9%** |  |  |
| Energy Transfer LP, 6.50% | 760000 | 765184 |
| Sunoco LP, 7.875%<sup>(1)</sup> | 350000 | 356384 |
| Venture Global LNG, Inc., 9.00%<sup>(1)</sup> | 485000 | 413208 |
|  |  | 1534776 |
| **Trading Companies and Distributors — 0.2%** |  |  |
| Air Lease Corp., 4.65% | 385000 | 381544 |
| **TOTAL PREFERRED SECURITIES**<br>(Cost $5,072,417) |  | **5044200** |
| **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 2.8%** |  |  |
| **Fixed-Rate U.S. Government Agency Mortgage-Backed Securities — 2.8%** |  |  |
| FHLMC, 5.00%, 6/1/52 | 195356 | 196552 |
| FHLMC, 5.50%, 4/1/54 | 1932632 | 1972637 |
| FNMA, 5.50%, 5/1/53 | 1822408 | 1848429 |
| FNMA, 6.00%, 9/1/53 | 895194 | 928617 |
| **TOTAL U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES**<br>(Cost $4,825,826) |  | **4946235** |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES — 2.1%** |  |  |
| Bank, Series 2018-BN15, Class D, 3.00%, 11/15/61<sup>(1)</sup> | 145000 | 120076 |
| Bank, Series 2020-BN26, Class D, 2.50%, 3/15/63<sup>(1)</sup> | 991000 | 734169 |
| BBCMS Mortgage Trust, Series 2019-C4, Class D, 3.25%, 8/15/52<sup>(1)</sup> | 194000 | 123900 |
| Benchmark Mortgage Trust, Series 2020-B16, Class D, 2.50%, 2/15/53<sup>(1)</sup> | 363000 | 276117 |
| Benchmark Mortgage Trust, Series 2021-B31, Class D, 2.25%, 12/15/54<sup>(1)</sup> | 155000 | 103968 |
| BX Commercial Mortgage Trust, Series 2020-VIVA, Class D, VRN, 3.67%, 3/11/44<sup>(1)</sup> | 400000 | 374256 |
| BX Commercial Mortgage Trust, Series 2022-CSMO, Class A, VRN, 6.07%, (1-month SOFR plus 2.11%), 6/15/27<sup>(1)</sup> | 207000 | 207855 |
| Credit Suisse Mortgage Trust, Series 2021-BHAR, Class B, VRN, 5.57%, (1-month SOFR plus 1.61%), 11/15/38<sup>(1)</sup> | 414000 | 411150 |
| CSAIL Commercial Mortgage Trust, Series 2019-C15, Class D, 3.00%, 3/15/52<sup>(1)</sup> | 301000 | 247571 |
| JP Morgan Chase Commercial Mortgage Securities Trust, Series 2018-AON, Class A, SEQ, 4.13%, 7/5/31<sup>(1)</sup> | 282000 | 248512 |

---

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---

| | | |
|:---|:---|:---|
| Life Mortgage Trust, Series 2021-BMR, Class D, VRN, 5.47%, (1-month SOFR plus 1.51%), 3/15/38<sup>(1)</sup> | 420700 | 417449 |
| Morgan Stanley Capital I Trust, Series 2018-H3, Class D, 3.00%, 7/15/51<sup>(1)</sup> | 138000 | 116401 |
| THPT Mortgage Trust, Series 2023-THL, Class B, VRN, 7.92%, 12/10/34<sup>(1)</sup> | 250000 | 252656 |
| UBS Commercial Mortgage Trust, Series 2018-C15, Class D, VRN, 5.31%, 12/15/51<sup>(1)</sup> | 117000 | 107350 |
| **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES**<br>(Cost $3,597,117) |  | **3741430** |
| **COLLATERALIZED LOAN OBLIGATIONS — 1.6%** |  |  |
| Arbor Realty Commercial Real Estate Notes Ltd., Series 2021-FL4, Class A, VRN, 5.42%, (1-month SOFR plus 1.46%), 11/15/36<sup>(1)</sup> | 201079 | 201046 |
| BSPRT Issuer Ltd., Series 2023-FL10, Class A, VRN, 6.22%, (1-month SOFR plus 2.26%), 9/15/35<sup>(1)</sup> | 280863 | 281099 |
| CIFC Funding Ltd., Series 2018-1A, Class CR, VRN, 5.68%, (3-month SOFR plus 1.80%), 1/18/38<sup>(1)</sup> | 475000 | 475783 |
| Dryden 30 Senior Loan Fund, Series 2013-30A, Class CR, VRN, 5.81%, (3-month SOFR plus 1.96%), 11/15/28<sup>(1)</sup> | 276153 | 276966 |
| Magnetite XLI Ltd., Series 2024-41A, Class C, VRN, 5.64%, (3-month SOFR plus 1.78%), 1/25/38<sup>(1)</sup> | 250000 | 250460 |
| Magnetite XXVIII Ltd., Series 2020-28A, Class CRR, VRN, 5.65%, (3-month SOFR plus 1.75%), 1/15/38<sup>(1)</sup> | 475000 | 475661 |
| Sixth Street CLO VIII Ltd., Series 2017-8A, Class BR2, VRN, 5.68%, (3-month SOFR plus 1.80%), 10/20/34<sup>(1)</sup> | 825000 | 826649 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS**<br>(Cost $2,773,021) |  | **2787664** |
| **SOVEREIGN GOVERNMENTS AND AGENCIES — 0.8%** |  |  |
| **Argentina — 0.4%** |  |  |
| Ciudad Autonoma De Buenos Aires/Government Bonds, 7.80%, 11/26/33<sup>(1)</sup> | 645000 | 648902 |
| **Brazil — 0.3%** |  |  |
| Brazil Government International Bonds, 6.625%, 3/15/35 | 592000 | 613223 |
| **Colombia — 0.1%** |  |  |
| Colombia Government International Bonds, 7.75%, 11/7/36 | 200000 | 209900 |
| **TOTAL SOVEREIGN GOVERNMENTS AND AGENCIES**<br>(Cost $1,445,011) |  | **1472025** |
| **BANK LOAN OBLIGATIONS**<sup>(6)</sup> **— 0.6%** |  |  |
| **Passenger Airlines — 0.3%** |  |  |
| American Airlines, Inc., 2024 1st Lien Term Loan B, 6.00%, (6-month SOFR plus 2.25%), 2/15/28 | 470450 | 470617 |
| **Pharmaceuticals — 0.3%** |  |  |
| Endo Luxembourg Finance Co. I SARL, 2024 1st Lien Term Loan, 7.92%, (1-month SOFR plus 4.00%), 4/23/31 | 628650 | 622285 |
| **TOTAL BANK LOAN OBLIGATIONS**<br>(Cost $1,094,587) |  | **1092902** |
| **MUNICIPAL SECURITIES — 0.4%** |  |  |
| Florida Local Government Finance Commission Rev., (Ponte Vedra Pine Co. LLC Obligated Group), 6.75%, 11/15/30<sup>(1)</sup><br>(Cost $705,000) | 705000 | **709260** |
| **SHORT-TERM INVESTMENTS — 9.9%** |  |  |
| **Money Market Funds — 9.9%** |  |  |
| State Street Institutional U.S. Government Money Market Fund, Premier Class | 15285970 | 15285970 |
| State Street Navigator Securities Lending Government Money Market Portfolio<sup>(7)</sup> | 2099393 | 2099393 |
| **TOTAL SHORT-TERM INVESTMENTS**<br>(Cost $17,385,363) |  | **17385363** |
| **TOTAL INVESTMENT SECURITIES — 100.5%**<br>(Cost $175,151,830) |  | **176650284** |
| **OTHER ASSETS AND LIABILITIES — (0.5)%** |  | **(818093)** |
| **TOTAL NET ASSETS — 100.0%** |  | $**175832191** |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** |
| **Reference Entity** | **Contracts** | **Expiration <br>Date** | **Notional Amount** | **Unrealized <br>Appreciation <br>(Depreciation)^** |
| U.S. Treasury 5-Year Notes | 56 | March 2026 | $6146875 | $2078 |
| U.S. Treasury 10-Year Notes | 165 | March 2026 | 18701719 | 39433 |
| U.S. Treasury 10-Year Ultra Notes | 239 | March 2026 | 27772547 | 72801 |
| U.S. Treasury Long Bonds | 8 | March 2026 | 939500 | 4110 |
|  |  |  | $53560641 | $118422 |

---

^Amount represents value and unrealized appreciation (depreciation).

---

| | | |
|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS** | **NOTES TO SCHEDULE OF INVESTMENTS** | **NOTES TO SCHEDULE OF INVESTMENTS** |
| CAD | – | Canadian Dollar |
| FHLMC | – | Federal Home Loan Mortgage Corp. |
| FNMA | – | Federal National Mortgage Association |
| IO | – | Interest Only |
| SEQ | – | Sequential Payer |
| SOFR | – | Secured Overnight Financing Rate |
| VRN | – | Variable Rate Note. The rate adjusts periodically based upon the terms set forth in the security's offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated. The security's effective maturity date may be shorter than the final maturity date shown. |

---

(1)Security was purchased pursuant to Rule 144A or Section 4(2) under the Securities Act of 1933 and may be sold in transactions exempt from registration, normally to qualified institutional investors. The aggregate value of these securities at the period end was $98,394,911, which represented 56.0% of total net assets.

(2)When-issued security. The issue price and yield are fixed on the date of the commitment, but payment and delivery are scheduled for a future date.

(3)Security, or a portion thereof, is on loan. At the period end, the aggregate value of securities on loan was $2,038,329. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers.

(4)Security is a zero-coupon bond. Zero-coupon securities may be issued at a substantial discount from their value at maturity.

(5)Security, or a portion thereof, has been pledged at the custodian bank or with a broker for collateral requirements on futures contracts. At the period end, the aggregate value of securities pledged was $1,249,945.

(6)The interest rate on a bank loan obligation adjusts periodically based on a predetermined schedule. Rate or range of rates shown is effective at period end. The maturity date on a bank loan obligation may be less than indicated as a result of contractual or optional prepayments. These prepayments cannot be predicted with certainty.

(7)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $2,099,393.

------

**SUPPLEMENTARY NOTES TO SCHEDULE OF INVESTMENTS** 

**1. Investment Valuations**

The fund determines the fair value of its investments and computes its net asset value (NAV) per share at the close of regular trading (usually 4 p.m. Eastern time) on the New York Stock Exchange (NYSE) on each day the NYSE is open. The value of investments of the fund is determined by American Century Investment Management, Inc. (ACIM) (the investment advisor), as the valuation designee, pursuant to its valuation policies and procedures. The Board of Trustees oversees the valuation designee and reviews its valuation policies and procedures at least annually.

Fixed income securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Corporate bonds, U.S. Treasury and Government Agency securities, bank loan obligations, municipal securities and sovereign governments and agencies are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information. Mortgage-related and asset-backed securities are valued based on models that consider trade data, prepayment and default projections, benchmark yield and spread data and estimated cash flows of each tranche of the issuer. Collateralized loan obligations are valued based on discounted cash flow models that consider trade and economic data, prepayment assumptions and default projections.

Equity securities that are listed or traded on a domestic securities exchange are valued at the last reported sales price or at the official closing price as provided by the exchange. Equity securities traded on foreign securities exchanges are generally valued at the closing price of such securities on the exchange where primarily traded or at the close of the NYSE, if that is earlier. If no last sales price is reported, or if local convention or regulation so provides, the mean of the latest bid and asked prices may be used. Securities traded over-the-counter are valued at the mean of the latest bid and asked prices, the last sales price, or the official closing price.

Hybrid securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Preferred securities and convertible preferred securities with perpetual maturities are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information.

Open-end management investment companies are valued at the reported NAV per share. Exchange-traded futures contracts are valued at the settlement price as provided by the appropriate exchange. Swap agreements are valued at an evaluated mean as provided by independent pricing services or independent brokers.

If the valuation designee determines that the market price for a portfolio security is not readily available or is believed by the valuation designee to be unreliable, such security is valued at fair value as determined in good faith by the valuation designee, in accordance with its policies and procedures. Circumstances that may cause a fund to determine that market quotations are not available or reliable include, but are not limited to: when there is a significant event subsequent to the market quotation; trading in a security has been halted during the trading day; or trading in a security is insufficient or did not take place due to a closure or holiday.

The valuation designee monitors for significant events occurring after the close of an investment's primary exchange but before the NAV per share is determined. Significant events may include, but are not limited to: corporate announcements and transactions; regulatory news, governmental action and political unrest that could impact a specific investment or an investment sector; or armed conflicts, natural disasters and similar events that could affect investments in a specific country or region. The valuation designee also monitors for significant fluctuations between domestic and foreign markets, as evidenced by the U.S. market or such other indicators that it deems appropriate. The valuation designee may apply a model-derived factor to the closing price of equity securities traded on foreign securities exchanges. The factor is based on observable market data as provided by an independent pricing service.

**2. Fair Value Measurements**

The fund's investments valuation process is based on several considerations and may use multiple inputs to determine the fair value of the investments held by the fund. In conformity with accounting principles generally accepted in the United States of America, the inputs used to determine a valuation are classified into three broad levels.

• Level 1 valuation inputs consist of unadjusted quoted prices in an active market for identical investments.

• Level 2 valuation inputs consist of direct or indirect observable market data (including quoted prices for comparable investments, evaluations of subsequent market events, interest rates, prepayment speeds, credit risk, etc.). These inputs also consist of quoted prices for identical investments initially expressed in local currencies that are adjusted through translation into U.S. dollars.

• Level 3 valuation inputs consist of unobservable data (including a fund's own assumptions).

The level classification is based on the lowest level input that is significant to the fair valuation measurement. The valuation inputs are not necessarily an indication of the risks associated with investing in these securities or other financial instruments.

------

The following is a summary of the level classifications as of period end. The Schedule of Investments provides additional information on the fund's portfolio holdings.

---

| | | | |
|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** |
| **Assets** | **Assets** | **Assets** | **Assets** |
| **Investment Securities** | **Investment Securities** | **Investment Securities** | **Investment Securities** |
| Corporate Bonds |  | $85032166 |  |
| Asset-Backed Securities |  | 21360734 |  |
| Convertible Preferred Securities |  | 12914660 |  |
| Collateralized Mortgage Obligations |  | 12793709 |  |
| U.S. Treasury Securities |  | 7369936 |  |
| Preferred Securities |  | 5044200 |  |
| U.S. Government Agency Mortgage-Backed Securities |  | 4946235 |  |
| Commercial Mortgage-Backed Securities |  | 3741430 |  |
| Collateralized Loan Obligations |  | 2787664 |  |
| Sovereign Governments and Agencies |  | 1472025 |  |
| Bank Loan Obligations |  | 1092902 |  |
| Municipal Securities |  | 709260 |  |
| Short-Term Investments | $17385363 |  |  |
|  | $17385363 | $159264921 |  |
| **Other Financial Instruments** |  |  |  |
| Futures Contracts | $118422 |  |  |

---

*This schedule of investments provides information about the fund's portfolio holdings as of the date on the schedule. It is unaudited, and American Century Investments assumes no obligation to update or supplement the schedule to reflect subsequent changes. More information is available in the fund's most recent annual or semiannual financial statements.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** American Century ETF Trust

- **b. Investment Company Act file number:** 811-23305

- **c. CIK number of Registrant:** 0001710607

- **d. LEI of Registrant:** 5493006IKK34YJD98183

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

  - **Street Address 1:** 4500 Main St

  - **City:** Kansas City

  - **State:** MO

  - **Foreign country:** US

  - **Zip / Postal Code:** 64111

  - **Telephone number:** 816-531-5575

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

- **a. Name of Series:** American Century Multisector Income ETF

- **b. EDGAR series identifier (if any):** S000072410

- **c. LEI of Series:** 5493000I0UZ5BUDGGF98

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**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:** $178832708.61

**Total Liabilities:** $2999234.87

**Net Assets:** $175833473.74

**Cash Not Reported:** $3891.06

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 222.000000000000 | **1-Year:** 2573.000000000000 | **5-Year:** 8448.000000000000 | **10-Year:** 6843.000000000000 | **30-Year:** 10007.000000000000

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

- **3-Month:** 0.000000000000 | **1-Year:** 2074.000000000000 | **5-Year:** 10499.000000000000 | **10-Year:** 5063.000000000000 | **30-Year:** 3260.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000228610 | 0.60%                | 0.50%                | 0.75%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $728957.00               | $-534475.88                                |
| Month 2  | $90891.53                | $-189305.13                                |
| Month 3  | $152566.42               | $73879.80                                  |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMERICAN AIRLINES INC                                                                                                         | American Airlines Inc 7.25 02/15/2028                                                           | CUSIP: 023771T32<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    337000 | PA      | $345251.80    | 0.20%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| Caesars Entertainment Inc                                                                                                     | Caesars Entertainment Inc 4.63 10/15/2029                                                       | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    765000 | PA      | $724530.89    | 0.41%             | 2029-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: —       |
| Celanese US Holdings LLC                                                                                                      | Celanese US Holdings LLC 6.50 04/15/2030                                                        | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    680000 | PA      | $679348.49    | 0.39%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| HPS Corporate Lending Fund                                                                                                    | HPS Corporate Lending Fund 6.25 09/30/2029                                                      | CUSIP: 40440VAC9<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |    199000 | PA      | $205152.19    | 0.12%             | 2029-09-30      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| Blue Owl Technology Finance Corp                                                                                              | Blue Owl Technology Finance Corp 6.75 04/04/2029                                                | CUSIP: 69121JAB3<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |    460000 | PA      | $468553.44    | 0.27%             | 2029-04-04      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| Royalty Pharma PLC                                                                                                            | Royalty Pharma PLC 4.45 03/25/2031                                                              | CUSIP: 78081BAT0<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | US        |    450000 | PA      | $449368.99    | 0.26%             | 2031-03-25      | Fixed         | 4.45%                 | No            |                  2 | On Loan: —       |
| Surgery Center Holdings Inc                                                                                                   | Surgery Center Holdings Inc 7.25 04/15/2032                                                     | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |    357000 | PA      | $366806.08    | 0.21%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| State Street Navigator Securities Lending Trust - State Street Navigator Securities Lending Government Money Market Portfolio | State Street Navigator Securities Lending Government Money Market Portfolio                     | CUSIP: N/A<br>LEI: 5493008BJIBKQ5KTIF74       | Long             | STIV             | RF                | US        |   2097122 | NS      | $2097122.50   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ACM Auto Trust 2025-2                                                                                                         | ACM Auto Trust 2025-2 5.55                                                                      | CUSIP: 00161TAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    613725 | PA      | $613913.11    | 0.35%             | 2028-06-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Antares Holdings LP                                                                                                           | Antares Holdings LP 7.95 08/11/2028                                                             | CUSIP: 03666HAF8<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | CA        |    430000 | PA      | $455713.45    | 0.26%             | 2028-08-11      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Trust Inc                                                                                                        | Arbor Realty Commercial Real Estate Notes 2021-FL4 Ltd 5.42                                     | CUSIP: 03880RAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    201079 | PA      | $201046.25    | 0.11%             | 2036-11-15      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Ares Strategic Income Fund                                                                                                    | Ares Strategic Income Fund 5.70 03/15/2028                                                      | CUSIP: 04020EAG2<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |    203000 | PA      | $205779.47    | 0.12%             | 2028-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Ashton Woods USA LLC / Ashton Woods Finance Co                                                                                | Ashton Woods USA LLC / Ashton Woods Finance Co 6.88 08/01/2033                                  | CUSIP: 045086AR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    499000 | PA      | $502001.49    | 0.29%             | 2033-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Aspen Insurance Holdings Ltd                                                                                                  | Aspen Insurance Holdings Ltd 5.75 07/01/2030                                                    | CUSIP: 04530DAE2<br>LEI: 549300YX6HECG9XQCQ75 | Long             | DBT              | CORP              | BM        |    495000 | PA      | $519050.41    | 0.30%             | 2030-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Atlas Warehouse Lending Co LP                                                                                                 | Atlas Warehouse Lending Co LP 4.63 11/15/2028                                                   | CUSIP: 049463AF9<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |    620000 | PA      | $621958.30    | 0.35%             | 2028-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd/United Kingdom                                                                      | Australia & New Zealand Banking Group Ltd/United Kingdom (pfd) 6.75% 12/15/2173 Perpetual       | CUSIP: 05254HAA2<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | EP               | CORP              | GB        |    294000 | NS      | $298056.02    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Blue Owl Technology Finance Corp                                                                                              | Blue Owl Technology Finance Corp 6.10 03/15/2028                                                | CUSIP: 095924AA4<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |   1071000 | PA      | $1073869.39   | 0.61%             | 2028-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Boeing Co/The                                                                                                                 | Boeing Co/The 5.71 05/01/2040                                                                   | CUSIP: 097023CV5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    205000 | PA      | $210771.27    | 0.12%             | 2040-05-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Brand Industrial Services Inc                                                                                                 | Brand Industrial Services Inc 10.38 08/01/2030                                                  | CUSIP: 104931AA8<br>LEI: 549300B658W2BPDQMW42 | Long             | DBT              | CORP              | US        |    935000 | PA      | $918082.95    | 0.52%             | 2030-08-01      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| Brandywine Operating Partnership LP                                                                                           | Brandywine Operating Partnership LP 8.88 04/12/2029                                             | CUSIP: 105340AS2<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              | CORP              | US        |    655000 | PA      | $709961.05    | 0.40%             | 2029-04-12      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc                                                                                                          | Cleveland-Cliffs Inc 7.38 05/01/2033                                                            | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    314000 | PA      | $324165.94    | 0.18%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc                                                                                                          | Cleveland-Cliffs Inc 7.50 09/15/2031                                                            | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    101000 | PA      | $105721.35    | 0.06%             | 2031-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Cologix Canadian Issuer LP                                                                                                    | Cologix Canadian Issuer LP 7.74                                                                 | CUSIP: 19521DAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | CA        |    350000 | PA      | $245705.03    | 0.14%             | 2052-01-25      | Fixed         | 7.74%                 | No            |                  2 | On Loan: No      |
| Cologix Data Centers US Issuer LLC                                                                                            | Cologix Data Centers US Issuer LLC 3.30                                                         | CUSIP: 19521UAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    775000 | PA      | $759403.28    | 0.43%             | 2051-12-26      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bond                                                                                        | Colombia Government International Bond 7.75 11/07/2036                                          | CUSIP: 195325EP6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    200000 | PA      | $209900.00    | 0.12%             | 2036-11-07      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Comerica Inc                                                                                                                  | Comerica Inc 5.98 01/30/2030                                                                    | CUSIP: 200340AW7<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |    635000 | PA      | $662080.19    | 0.38%             | 2030-01-30      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| Commercial Metals Co                                                                                                          | Commercial Metals Co 5.75 11/15/2033                                                            | CUSIP: 201723AS2<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |    105000 | PA      | $107441.66    | 0.06%             | 2033-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Commercial Metals Co                                                                                                          | Commercial Metals Co 6.00 12/15/2035                                                            | CUSIP: 201723AV5<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35675.44     | 0.02%             | 2035-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Concord Music Royalties LLC                                                                                                   | Concord Music Royalties LLC 5.51                                                                | CUSIP: 20633KAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    570000 | PA      | $573710.24    | 0.33%             | 2075-07-20      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2022-R09                                                                                  | Connecticut Avenue Securities Trust 2022-R09 6.57                                               | CUSIP: 20753DAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    141878 | PA      | $143684.25    | 0.08%             | 2042-09-25      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2024-R01                                                                                  | Connecticut Avenue Securities Trust 2024-R01 5.12                                               | CUSIP: 20753UAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    448470 | PA      | $448217.23    | 0.25%             | 2044-01-25      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| CoreWeave Inc                                                                                                                 | CoreWeave Inc 9.25 06/01/2030                                                                   | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    415000 | PA      | $383277.55    | 0.22%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Coty Inc/HFC Prestige Products Inc/HFC Prestige International US LLC                                                          | Coty Inc/HFC Prestige Products Inc/HFC Prestige International US LLC 5.60 01/15/2031            | CUSIP: 22207AAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    805000 | PA      | $810955.39    | 0.46%             | 2031-01-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Cox Communications Inc                                                                                                        | Cox Communications Inc 5.70 06/15/2033                                                          | CUSIP: 224044CS4<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |    306000 | PA      | $309445.31    | 0.18%             | 2033-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CSAIL 2019-C15 Commercial Mortgage Trust                                                                                      | CSAIL 2019-C15 Commercial Mortgage Trust 3.00                                                   | CUSIP: 22945DAY9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    301000 | PA      | $247571.00    | 0.14%             | 2052-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CyrusOne Data Centers Issuer I LLC                                                                                            | CyrusOne Data Centers Issuer I LLC 0.00                                                         | CUSIP: 23284BAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $343504.07    | 0.20%             | 2049-05-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DataBank Issuer                                                                                                               | DataBank Issuer 5.12                                                                            | CUSIP: 23802WAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    678000 | PA      | $676278.83    | 0.38%             | 2053-02-25      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage Trust 2021-3                                                                                   | Deephaven Residential Mortgage Trust 2021-3 1.19                                                | CUSIP: 24381VAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    211934 | PA      | $188204.07    | 0.11%             | 2066-08-25      | Variable      | 1.19%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG/New York NY                                                                                                  | Deutsche Bank AG/New York NY 4.88 12/01/2032                                                    | CUSIP: 251526BN8<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1111567.69   | 0.63%             | 2032-12-01      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Diamond Issuer LLC                                                                                                            | Diamond Issuer LLC 2.31                                                                         | CUSIP: 25267TAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    691000 | PA      | $657627.39    | 0.37%             | 2051-11-20      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| Digicel International Finance Ltd / Difl US LLC                                                                               | Digicel International Finance Ltd / Difl US LLC 8.63 08/01/2032                                 | CUSIP: 25381MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | JM        |    446000 | PA      | $456935.03    | 0.26%             | 2032-08-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Discovery Communications LLC                                                                                                  | Discovery Communications LLC 3.95 03/20/2028                                                    | CUSIP: 25470DAR0<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    321000 | PA      | $304950.00    | 0.17%             | 2028-03-20      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Discovery Communications LLC                                                                                                  | Discovery Communications LLC 4.13 05/15/2029                                                    | CUSIP: 25470DCA5<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    470000 | PA      | $457530.90    | 0.26%             | 2029-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust 2021-5                                                                                               | Angel Oak Mortgage Trust 2021-5 0.95                                                            | CUSIP: 03465HAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    366989 | PA      | $319189.54    | 0.18%             | 2066-07-25      | Variable      | 0.95%                 | No            |                  2 | On Loan: No      |
| CSMC 2021-BHAR                                                                                                                | CSMC 2021-BHAR 5.57                                                                             | CUSIP: 12659VAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    414000 | PA      | $411150.27    | 0.23%             | 2038-11-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                                                               | CVS Health Corp 7.00 03/10/2055                                                                 | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    184000 | PA      | $193652.64    | 0.11%             | 2055-03-10      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment Inc                                                                                                     | Caesars Entertainment Inc 7.00 02/15/2030                                                       | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    117000 | PA      | $121195.39    | 0.07%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Carnival Corp                                                                                                                 | Carnival Corp 6.13 02/15/2033                                                                   | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |    597000 | PA      | $615336.26    | 0.35%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Carpenter Technology Corp                                                                                                     | Carpenter Technology Corp 5.63 03/01/2034                                                       | CUSIP: 144285AN3<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |    185000 | PA      | $188256.37    | 0.11%             | 2034-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitization Trust 2018-1                                                                               | Castlelake Aircraft Securitization Trust 2018-1 4.13                                            | CUSIP: 14856CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     82224 | PA      | $81409.57     | 0.05%             | 2043-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Centersquare Issuer LLC                                                                                                       | Centersquare Issuer LLC 5.00                                                                    | CUSIP: 15201EAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    754706 | PA      | $732777.26    | 0.42%             | 2055-08-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chart Industries Inc                                                                                                          | Chart Industries Inc 7.50 01/01/2030                                                            | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    180000 | PA      | $187774.02    | 0.11%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Chart Industries Inc                                                                                                          | Chart Industries Inc 9.50 01/01/2031                                                            | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    474000 | PA      | $506414.49    | 0.29%             | 2031-01-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Tr                                                                                                | Chase Home Lending Mortgage Trust Series 2024-7 6.00                                            | CUSIP: 16159TAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    633839 | PA      | $640204.19    | 0.36%             | 2055-06-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust 2024-9                                                                                      | Chase Home Lending Mortgage Trust 2024-9 5.50                                                   | CUSIP: 16160QAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350840 | PA      | $351554.09    | 0.20%             | 2055-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust 2024-9                                                                                      | Chase Home Lending Mortgage Trust 2024-9 5.50                                                   | CUSIP: 16160QAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    117157 | PA      | $117080.33    | 0.07%             | 2055-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust Series 2024-2                                                                               | Chase Home Lending Mortgage Trust Series 2024-2 6.00                                            | CUSIP: 161929AJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    491216 | PA      | $494489.25    | 0.28%             | 2055-02-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust Series 2024-6                                                                               | Chase Home Lending Mortgage Trust Series 2024-6 6.00                                            | CUSIP: 161931AK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    282281 | PA      | $285484.95    | 0.16%             | 2055-05-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Cherry Securitization Trust 2025-1                                                                                            | Cherry Securitization Trust 2025-1 6.53                                                         | CUSIP: 16473RAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $814372.16    | 0.46%             | 2032-11-15      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                                                                                              | CIFC Funding 2018-I Ltd 5.68                                                                    | CUSIP: 17181NAJ3<br>LEI: 635400VBVF8AYJQBI411 | Long             | ABS-CBDO         | CORP              | US        |    475000 | PA      | $475783.42    | 0.27%             | 2038-01-18      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                                                            | Energy Transfer LP (pfd) 6.50% 11/15/2174 Perpetual                                             | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |    760000 | NS      | $765183.96    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| CBOT US Long Bond Future                                                                                                      | US LONG BOND(CBT) Mar26                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | UST               | US        |         8 | NC      | $4109.36      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOT 10 Year US Treasury Note                                                                                                 | US 10YR NOTE (CBT)Mar26                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | UST               | US        |       165 | NC      | $39433.05     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOT 5 Year US Treasury Note                                                                                                  | US 5YR NOTE (CBT) Mar26                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | UST               | US        |        56 | NC      | $2078.33      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Endo Finance Holdings Inc                                                                                                     | ENDO LUX FINAN COMPANY I SARL 2024 1ST LIEN TERM LOAN                                           | CUSIP: 29280UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    628650 | PA      | $622284.92    | 0.35%             | 2031-04-23      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| Essent Group Ltd                                                                                                              | Essent Group Ltd 6.25 07/01/2029                                                                | CUSIP: 29669JAA7<br>LEI: 254900QUO860OUT6ZF83 | Long             | DBT              | CORP              | BM        |    530000 | PA      | $554404.69    | 0.32%             | 2029-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| EUSHI Finance Inc                                                                                                             | EUSHI Finance Inc 6.25 04/01/2056                                                               | CUSIP: 29882DAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    650000 | PA      | $651158.95    | 0.37%             | 2056-04-01      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| F&G Annuities & Life Inc                                                                                                      | F&G Annuities & Life Inc 6.50 06/04/2029                                                        | CUSIP: 30190AAF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    164000 | PA      | $171117.80    | 0.10%             | 2029-06-04      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CBOT 10 Year Ultra US Treasury Note                                                                                           | US 10yr Ultra Fut Mar26                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | UST               | US        |       230 | NC      | $74207.75     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                                                                                            | Meta Platforms Inc 4.60 11/15/2032                                                              | CUSIP: 30303MAC6<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    705000 | PA      | $715746.06    | 0.41%             | 2032-11-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                                                            | Meta Platforms Inc 4.88 11/15/2035                                                              | CUSIP: 30303MAD4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    240000 | PA      | $242694.31    | 0.14%             | 2035-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                                                                              | Freddie Mac Pool 5.00                                                                           | CUSIP: 3133KPKP2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    195356 | PA      | $196552.49    | 0.11%             | 2052-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICS                                                                                                             | Fannie Mae REMICS 2.00                                                                          | CUSIP: 3136BQFV6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   3987307 | PA      | $511720.64    | 0.29%             | 2052-07-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                                                                               | Fannie Mae Pool 6.00                                                                            | CUSIP: 3140QS4H1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    895194 | PA      | $928617.06    | 0.53%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                                                                               | Fannie Mae Pool 5.50                                                                            | CUSIP: 3140XLLW6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1822408 | PA      | $1848428.68   | 1.05%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                                                                              | Freddie Mac Pool 5.50                                                                           | CUSIP: 3142GRMN7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1932632 | PA      | $1972636.68   | 1.12%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Flexential Issuer 2021-1                                                                                                      | Flexential Issuer 2021-1 3.25                                                                   | CUSIP: 33938MAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    240000 | PA      | $236263.49    | 0.13%             | 2051-11-27      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Flexential Issuer LLC                                                                                                         | Flexential Issuer LLC 6.03                                                                      | CUSIP: 33938MAK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    445000 | PA      | $445039.43    | 0.25%             | 2060-10-25      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| PONTE VEDRA PINE OBLIG                                                                                                        | Florida Local Government Finance Commission 6.75% 11/15/2030                                    | CUSIP: 34077UAN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $709260.10    | 0.40%             | 2030-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                                                                                                      | Ford Motor Credit Co LLC 7.20 06/10/2030                                                        | CUSIP: 345397D42<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | CA        |    310000 | PA      | $333032.15    | 0.19%             | 2030-06-10      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Forestar Group Inc                                                                                                            | Forestar Group Inc 6.50 03/15/2033                                                              | CUSIP: 346232AG6<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |    605000 | PA      | $623251.64    | 0.35%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC                                                                                                         | Foundry JV Holdco LLC 6.25 01/25/2035                                                           | CUSIP: 350930AD5<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    145000 | PA      | $155413.68    | 0.09%             | 2035-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC                                                                                                         | Foundry JV Holdco LLC 5.50 01/25/2031                                                           | CUSIP: 350930AF0<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    385000 | PA      | $400632.09    | 0.23%             | 2031-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc/AAdvantage Loyalty IP Ltd                                                                               | American Airlines Inc/AAdvantage Loyalty IP Ltd 5.50 04/20/2026                                 | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |        29 | PA      | $29.51        | 0.00%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Acadia Healthcare Co Inc                                                                                                      | Acadia Healthcare Co Inc 5.00 04/15/2029                                                        | CUSIP: 00404AAP4<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    625000 | PA      | $607752.19    | 0.35%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Advance Auto Parts Inc                                                                                                        | Advance Auto Parts Inc 7.00 08/01/2030                                                          | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |     59000 | PA      | $60265.00     | 0.03%             | 2030-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Advance Auto Parts Inc                                                                                                        | Advance Auto Parts Inc 7.38 08/01/2033                                                          | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    590000 | PA      | $601525.65    | 0.34%             | 2033-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp                                                                                                                | Air Lease Corp (pfd) 4.65% 06/15/2174 Perpetual                                                 | CUSIP: 00912XBJ2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EP               | CORP              | US        |    385000 | NS      | $381543.89    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Ovintiv Inc                                                                                                                   | Ovintiv Inc 7.38 11/01/2031                                                                     | CUSIP: 012873AK1<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |    188000 | PA      | $210386.81    | 0.12%             | 2031-11-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC                                                         | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC 5.50 03/31/2031           | CUSIP: 01309QAC2<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    194000 | PA      | $196893.70    | 0.11%             | 2031-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC                                                         | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC 5.75 03/31/2034           | CUSIP: 01309QAD0<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    135000 | PA      | $136257.39    | 0.08%             | 2034-03-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Aligned Data Centers Issuer LLC                                                                                               | Aligned Data Centers Issuer LLC 2.48                                                            | CUSIP: 01627AAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $391467.28    | 0.22%             | 2046-08-15      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| Aligned Data Centers Issuer LLC                                                                                               | Aligned Data Centers Issuer LLC 6.00                                                            | CUSIP: 01627AAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    616000 | PA      | $620705.62    | 0.35%             | 2048-08-17      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bread Financial Holdings Inc                                                                                                  | Bread Financial Holdings Inc 6.75 05/15/2031                                                    | CUSIP: 018581AR9<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |    465000 | PA      | $475292.31    | 0.27%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Alliant Energy Corp                                                                                                           | Alliant Energy Corp 5.75 04/01/2056                                                             | CUSIP: 018802AF5<br>LEI: 5493009ML300G373MZ12 | Long             | DBT              | CORP              | US        |    710000 | PA      | $709678.09    | 0.40%             | 2056-04-01      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Allison Transmission Inc                                                                                                      | Allison Transmission Inc 5.88 12/01/2033                                                        | CUSIP: 019736AH0<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    605000 | PA      | $610892.40    | 0.35%             | 2033-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                                                                         | AMERICAN AIRLINES INC 2024 1ST LIEN TERM LOAN B                                                 | CUSIP: 02376CBR5<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |    470450 | PA      | $470617.01    | 0.27%             | 2028-02-15      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| American Assets Trust LP                                                                                                      | American Assets Trust LP 3.38 02/01/2031                                                        | CUSIP: 02401LAA2<br>LEI: 549300V1TI0SMG9Z6U69 | Long             | DBT              | CORP              | US        |    620000 | PA      | $568247.00    | 0.32%             | 2031-02-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| American Axle & Manufacturing Inc                                                                                             | American Axle & Manufacturing Inc 7.75 10/15/2033                                               | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    735000 | PA      | $742855.68    | 0.42%             | 2033-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co Inc                                                                                                | American Electric Power Co Inc 5.80 03/15/2056                                                  | CUSIP: 02557TAE9<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    330000 | PA      | $327936.74    | 0.19%             | 2056-03-15      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co Inc                                                                                                | American Electric Power Co Inc 6.05 03/15/2056                                                  | CUSIP: 02557TAF6<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    330000 | PA      | $330421.25    | 0.19%             | 2056-03-15      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| Global Net Lease Inc                                                                                                          | Global Net Lease Inc 4.50 09/30/2028                                                            | CUSIP: 02608AAA7<br>LEI: 549300NUYANCT5SU8Z65 | Long             | DBT              | CORP              | US        |    790000 | PA      | $770717.51    | 0.44%             | 2028-09-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Amphenol Corp                                                                                                                 | Amphenol Corp 4.40 02/15/2033                                                                   | CUSIP: 032095AZ4<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    480000 | PA      | $478082.84    | 0.27%             | 2033-02-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust 2020-5                                                                                               | Angel Oak Mortgage Trust 2020-5 1.58                                                            | CUSIP: 03464WAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    209768 | PA      | $203055.48    | 0.12%             | 2065-05-25      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust 2020-2                                                                                               | Angel Oak Mortgage Trust 2020-2 3.86                                                            | CUSIP: 03464XAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    128638 | PA      | $125728.13    | 0.07%             | 2065-01-26      | Variable      | 3.86%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust 2025-2                                                                                          | Citigroup Mortgage Loan Trust 2025-2 6.00                                                       | CUSIP: 17292BAK2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    821950 | PA      | $834363.50    | 0.47%             | 2055-02-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                                                                                 | Citigroup Inc (pfd) 4.00% 03/10/2174 Perpetual                                                  | CUSIP: 172967MU2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    235000 | NS      | $235712.05    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                                                                                 | Citigroup Inc (pfd) 3.88% 05/18/2174 Perpetual                                                  | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    780000 | NS      | $777519.60    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust 2024-CMI1                                                                                       | Citigroup Mortgage Loan Trust 2024-CMI1 5.50                                                    | CUSIP: 17332DAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    543788 | PA      | $546323.88    | 0.31%             | 2054-06-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                                                                                       | Dryden 30 Senior Loan Fund 5.81                                                                 | CUSIP: 26249BAU5<br>LEI: 549300AS2O1RYPD2ED41 | Long             | ABS-CBDO         | CORP              | US        |    276153 | PA      | $276965.74    | 0.16%             | 2028-11-15      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| Duke Energy Florida LLC                                                                                                       | Duke Energy Florida LLC 4.20 12/01/2030                                                         | CUSIP: 26444HAT8<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |    179000 | PA      | $179412.81    | 0.10%             | 2030-12-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| EDI ABS Issuer 1 LLC                                                                                                          | EDI ABS Issuer 1 LLC 4.55                                                                       | CUSIP: 268332AB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    306000 | PA      | $292077.86    | 0.17%             | 2055-07-25      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Freedom Mortgage Holdings LLC                                                                                                 | Freedom Mortgage Holdings LLC 9.25 02/01/2029                                                   | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    349000 | PA      | $366168.98    | 0.21%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Frontier Communications Holdings LLC                                                                                          | Frontier Communications Holdings LLC 8.63 03/15/2031                                            | CUSIP: 35908MAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1232000 | PA      | $1302422.35   | 0.74%             | 2031-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| GCAT 2021-NQM1 Trust                                                                                                          | GCAT 2021-NQM1 Trust 1.15                                                                       | CUSIP: 36167TAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     89818 | PA      | $80629.29     | 0.05%             | 2066-01-25      | Variable      | 1.15%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc                                                                                                            | Ally Financial Inc 8.00 11/01/2031                                                              | CUSIP: 36186CBY8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    250000 | PA      | $284624.09    | 0.16%             | 2031-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust 2024-HE1                                                                                  | GS Mortgage-Backed Securities Trust 2024-HE1 5.67                                               | CUSIP: 36270AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    328810 | PA      | $329742.29    | 0.19%             | 2054-08-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| GCAT 2024-INV3 Trust                                                                                                          | GCAT 2024-INV3 Trust 5.50                                                                       | CUSIP: 36830FAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    277571 | PA      | $280425.58    | 0.16%             | 2054-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| GENMAB A/S/GENMAB FINANCE LLC                                                                                                 | GENMAB A/S/GENMAB FINANCE LLC 7.25 12/15/2033                                                   | CUSIP: 37230JAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | DK        |    200000 | PA      | $209590.40    | 0.12%             | 2033-12-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Genpact UK Finco plc / Genpact USA Inc                                                                                        | Genpact UK Finco plc / Genpact USA Inc 4.95 11/18/2030                                          | CUSIP: 37256EAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    500000 | PA      | $503538.64    | 0.29%             | 2030-11-18      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Global Atlantic Fin Co                                                                                                        | Global Atlantic Fin Co 4.40 10/15/2029                                                          | CUSIP: 37959GAA5<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    496000 | PA      | $488145.13    | 0.28%             | 2029-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Golub Capital BDC Inc                                                                                                         | Golub Capital BDC Inc 7.05 12/05/2028                                                           | CUSIP: 38173MAD4<br>LEI: 2549005WE0QLGK9APF78 | Long             | DBT              | CORP              | US        |    445000 | PA      | $468686.34    | 0.27%             | 2028-12-05      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Golub Capital Private Credit Fund                                                                                             | Golub Capital Private Credit Fund 5.45 08/15/2028                                               | CUSIP: 38179RAE5<br>LEI: 254900B5KBW6OY1F9951 | Long             | DBT              | CORP              | US        |    405000 | PA      | $407658.79    | 0.23%             | 2028-08-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| GoodLeap Sustainable Home Solutions Trust 2021-4                                                                              | GoodLeap Sustainable Home Solutions Trust 2021-4 1.93                                           | CUSIP: 38237GAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    262008 | PA      | $217143.04    | 0.12%             | 2048-07-20      | Fixed         | 1.93%                 | No            |                  2 | On Loan: No      |
| Gray Media Inc                                                                                                                | Gray Media Inc 7.25 08/15/2033                                                                  | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    605000 | PA      | $606518.55    | 0.34%             | 2033-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Greenko Wind Projects Mauritius Ltd                                                                                           | Greenko Wind Projects Mauritius Ltd 7.25 09/27/2028                                             | CUSIP: 39531JAB0<br>LEI: 254900MSUXE1FF83DP82 | Long             | DBT              | CORP              | MU        |    476000 | PA      | $480842.39    | 0.27%             | 2028-09-27      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Grupo Energia Bogota SA ESP                                                                                                   | Grupo Energia Bogota SA ESP 5.75 10/22/2035                                                     | CUSIP: 40053XAC3<br>LEI: 529900LG618OWYVHI655 | Long             | DBT              | CORP              | CO        |    200000 | PA      | $199995.00    | 0.11%             | 2035-10-22      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Grupo Aeromexico SAB de CV                                                                                                    | Grupo Aeromexico SAB de CV 8.25 11/15/2029                                                      | CUSIP: 40054JAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    345000 | PA      | $345852.15    | 0.20%             | 2029-11-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                                                             | HSBC Holdings PLC (pfd) 6.00% 11/22/2174 Perpetual                                              | CUSIP: 404280BL2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EP               | CORP              | GB        |    800000 | NS      | $806128.00    | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                                                             | HSBC Holdings PLC (pfd) 6.88% 03/11/2174 Perpetual                                              | CUSIP: 404280EH8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EP               | CORP              | GB        |    200000 | NS      | $207652.40    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| HPS Corporate Lending Fund                                                                                                    | HPS Corporate Lending Fund 4.90 09/11/2028                                                      | CUSIP: 40440VAQ8<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |    205000 | PA      | $203575.62    | 0.12%             | 2028-09-11      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Hawaiian Electric Co Inc                                                                                                      | Hawaiian Electric Co Inc 6.00 10/01/2033                                                        | CUSIP: 419866AV0<br>LEI: 549300PQE8D806LWQV52 | Long             | DBT              | CORP              | US        |    528000 | PA      | $534949.01    | 0.30%             | 2033-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Herc Holdings Inc                                                                                                             | Herc Holdings Inc 7.25 06/15/2033                                                               | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    720000 | PA      | $762788.88    | 0.43%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Highwoods Realty LP                                                                                                           | Highwoods Realty LP 5.35 01/15/2033                                                             | CUSIP: 431282AV4<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              | CORP              | US        |    415000 | PA      | $416896.39    | 0.24%             | 2033-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Latam Airlines Group SA                                                                                                       | Latam Airlines Group SA 7.88 04/15/2030                                                         | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |    247000 | PA      | $259120.29    | 0.15%             | 2030-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing Inc                                                                                                         | Level 3 Financing Inc 7.00 03/31/2034                                                           | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    694406 | PA      | $711887.67    | 0.40%             | 2034-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Liberty Mutual Group Inc                                                                                                      | Liberty Mutual Group Inc 4.13 12/15/2051                                                        | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    493000 | PA      | $483563.89    | 0.28%             | 2051-12-15      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Life 2021-BMR Mortgage Trust                                                                                                  | Life 2021-BMR Mortgage Trust 5.47                                                               | CUSIP: 53218CAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    420700 | PA      | $417448.75    | 0.24%             | 2038-03-15      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                                                                      | Lloyds Banking Group PLC (pfd) 6.75% 09/27/2174 Perpetual                                       | CUSIP: 53944YAJ2<br>LEI: 549300PPXHEU2JF0AM85 | Long             | EP               | CORP              | GB        |   1021000 | NS      | $1034643.62   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Lyra Music Assets Delaware LP                                                                                                 | Lyra Music Assets Delaware LP 5.76                                                              | CUSIP: 552339AA1<br>LEI: 9845007N9EAB0C048A12 | Long             | ABS-MBS          | CORP              | US        |    691008 | PA      | $702507.32    | 0.40%             | 2064-12-22      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| Lyra Music Assets Delaware LP                                                                                                 | Lyra Music Assets Delaware LP 5.60                                                              | CUSIP: 552339AD5<br>LEI: 9845007N9EAB0C048A12 | Long             | ABS-MBS          | CORP              | US        |    323000 | PA      | $327476.78    | 0.19%             | 2065-09-20      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| MFA 2024-NQM1 Trust                                                                                                           | MFA 2024-NQM1 Trust 6.83                                                                        | CUSIP: 55286VAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    264521 | PA      | $268022.11    | 0.15%             | 2069-03-25      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| MPT Operating Partnership LP / MPT Finance Corp                                                                               | MPT Operating Partnership LP / MPT Finance Corp 8.50 02/15/2032                                 | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    595000 | PA      | $629351.73    | 0.36%             | 2032-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX                                                  | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX 5.13 01/18/2033    | CUSIP: 05533UAF5<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | US        |    650000 | PA      | $638683.50    | 0.36%             | 2033-01-18      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                                                                | BNP Paribas SA (pfd) 8.50% 02/14/2174 Perpetual                                                 | CUSIP: 05565A5R0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EP               | CORP              | FR        |   1120000 | NS      | $1196466.88   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2022-CSMO                                                                                        | BX Commercial Mortgage Trust 2022-CSMO 6.07                                                     | CUSIP: 05610MAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    207000 | PA      | $207854.91    | 0.12%             | 2027-06-15      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| BSPRT 2017-FL1 Co-Issuer LLC                                                                                                  | BSPRT 2023-FL10 Issuer Ltd 6.22                                                                 | CUSIP: 05610VAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    280863 | PA      | $281098.45    | 0.16%             | 2035-09-15      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                                                                                            | Banco Bilbao Vizcaya Argentaria SA (pfd) 6.13% 02/16/2174 Perpetual                             | CUSIP: 05946KAF8<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EP               | CORP              | ES        |    800000 | NS      | $807245.60    | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Davivienda SA                                                                                                           | Banco Davivienda SA (pfd) 6.65% 10/22/2174 Perpetual                                            | CUSIP: 059501AD8<br>LEI: 549300P161V4IPKAQS70 | Long             | EP               | CORP              | CO        |    281000 | NS      | $256377.88    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                                                                            | Banco Santander SA (pfd) 4.75% 08/12/2174 Perpetual                                             | CUSIP: 05971KAH2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EP               | CORP              | ES        |    800000 | NS      | $791121.92    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Mercantil del Norte SA/Grand Cayman                                                                                     | Banco Mercantil del Norte SA/Grand Cayman (pfd) 5.88% 01/24/2174 Perpetual                      | CUSIP: 05973KAA5<br>LEI: 549300QTVYRPFHS0J362 | Long             | EP               | CORP              | KY        |    425000 | NS      | $419973.27    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| MACH 1 Cayman 2019-1 Ltd                                                                                                      | MACH 1 Cayman 2019-1 Ltd 3.47                                                                   | CUSIP: 55446MAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     68100 | PA      | $67394.59     | 0.04%             | 2039-10-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| Magallanes Inc                                                                                                                | Warnermedia Holdings Inc 3.76 03/15/2027                                                        | CUSIP: 55903VBA0<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    595000 | PA      | $580571.25    | 0.33%             | 2027-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Magallanes Inc                                                                                                                | Warnermedia Holdings Inc 5.05 03/15/2042                                                        | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    704000 | PA      | $563756.16    | 0.32%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                                                                                                             | Magnetite XXVIII Ltd 5.65                                                                       | CUSIP: 55955LAY8<br>LEI: 54930077HHZ1QV5CPQ30 | Long             | ABS-CBDO         | CORP              | US        |    475000 | PA      | $475661.44    | 0.27%             | 2038-01-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| BANK 2018-BNK15                                                                                                               | BANK 2018-BNK15 3.00                                                                            | CUSIP: 06036FAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    145000 | PA      | $120075.57    | 0.07%             | 2061-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                                                                          | Bank of America Corp (pfd) 4.38% 04/27/2174 Perpetual                                           | CUSIP: 060505GB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |    385000 | NS      | $380008.44    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                                                                                                             | Magnetite Xli Ltd 5.64                                                                          | CUSIP: 55956AAC9<br>LEI: 529900IDXPZZY6034K03 | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $250459.93    | 0.14%             | 2038-01-25      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| MARB BondCo PLC                                                                                                               | MARB BondCo PLC 3.95 01/29/2031                                                                 | CUSIP: 566007AC4<br>LEI: 254900PVA1EU6QM1JN57 | Long             | DBT              | CORP              | GB        |    379000 | PA      | $342546.26    | 0.19%             | 2031-01-29      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Matador Resources Co                                                                                                          | Matador Resources Co 6.50 04/15/2032                                                            | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    701000 | PA      | $712438.22    | 0.41%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP/Medline Co-Issuer Inc                                                                                     | Medline Borrower LP/Medline Co-Issuer Inc 6.25 04/01/2029                                       | CUSIP: 58506DAA6<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    920000 | PA      | $952724.40    | 0.54%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust                                                                                         | Mission Lane Credit Card Master Trust 5.41                                                      | CUSIP: 60510MBW7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    544000 | PA      | $546109.90    | 0.31%             | 2031-09-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust 2018-H3                                                                                        | Morgan Stanley Capital I Trust 2018-H3 3.00                                                     | CUSIP: 61767YAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    138000 | PA      | $116401.21    | 0.07%             | 2051-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Economy Assets - Phase 1 Sponsor LLC                                                                                      | New Economy Assets - Phase 1 Sponsor LLC 2.41                                                   | CUSIP: 643821AB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $517341.53    | 0.29%             | 2061-10-20      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| Nexstar Media Inc                                                                                                             | Nexstar Media Inc 4.75 11/01/2028                                                               | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   1335000 | PA      | $1324938.51   | 0.75%             | 2028-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                                                                              | Bank of Montreal 7.70 05/26/2084                                                                | CUSIP: 06368LQ58<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1031000 | PA      | $1097577.86   | 0.62%             | 2084-05-26      | Variable      | 7.70%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia/The                                                                                                       | Bank of Nova Scotia/The 8.63 10/27/2082                                                         | CUSIP: 0641598S8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    415000 | PA      | $440975.27    | 0.25%             | 2082-10-27      | Variable      | 8.62%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia/The                                                                                                       | Bank of Nova Scotia/The 8.00 01/27/2084                                                         | CUSIP: 0641598V1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    295000 | PA      | $316155.93    | 0.18%             | 2084-01-27      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| BANK 2020-BNK26                                                                                                               | BANK 2020-BNK26 2.50                                                                            | CUSIP: 06540JAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    991000 | PA      | $734168.97    | 0.42%             | 2063-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                                                                  | Barclays PLC (pfd) 8.00% 12/15/2173 Perpetual                                                   | CUSIP: 06738EBX2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EP               | CORP              | GB        |    822000 | NS      | $872330.24    | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Baxter International Inc                                                                                                      | Baxter International Inc 4.90 12/15/2030                                                        | CUSIP: 071813DD8<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    205000 | PA      | $206239.25    | 0.12%             | 2030-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Trust 2019-C4                                                                                    | Barclays Commercial Mortgage Trust 2019-C4 3.25                                                 | CUSIP: 07335CAT1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    194000 | PA      | $123899.59    | 0.07%             | 2052-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Benchmark 2020-B16 Mortgage Trust                                                                                             | Benchmark 2020-B16 Mortgage Trust 2.50                                                          | CUSIP: 08161NAW7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    363000 | PA      | $276117.22    | 0.16%             | 2053-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NiSource Inc                                                                                                                  | NiSource Inc 5.35 07/15/2035                                                                    | CUSIP: 65473PAX3<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    591000 | PA      | $606771.27    | 0.35%             | 2035-07-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Nissan Motor Acceptance Co LLC                                                                                                | Nissan Motor Acceptance Co LLC 6.13 09/30/2030                                                  | CUSIP: 65480CAL9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    710000 | PA      | $704211.16    | 0.40%             | 2030-09-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                                                                                               | Nordea Bank Abp (pfd) 6.63% 09/26/2174 Perpetual                                                | CUSIP: 65559CAA9<br>LEI: 529900ODI3047E2LIV03 | Long             | EP               | CORP              | FI        |    975000 | NS      | $984093.83    | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| North Haven Private Income Fund LLC                                                                                           | North Haven Private Income Fund LLC 5.13 09/25/2028                                             | CUSIP: 65960NAC4<br>LEI: 2549002BFPESF1EH2765 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174466.03    | 0.10%             | 2028-09-25      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Continental Finance Credit Card ABS Master Trust                                                                              | Continental Finance Credit Card ABS Master Trust 6.19                                           | CUSIP: 66981PAH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    512078 | PA      | $513178.19    | 0.29%             | 2030-10-15      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| OneMain Finance Corp                                                                                                          | OneMain Finance Corp 7.50 05/15/2031                                                            | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    379000 | PA      | $398494.24    | 0.23%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| OneMain Finance Corp                                                                                                          | OneMain Finance Corp 6.13 05/15/2030                                                            | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    115000 | PA      | $116942.24    | 0.07%             | 2030-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| 1261229 BC Ltd                                                                                                                | 1261229 BC Ltd 10.00 04/15/2032                                                                 | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    450000 | PA      | $465610.50    | 0.26%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Benchmark 2021-B31 Mortgage Trust                                                                                             | Benchmark 2021-B31 Mortgage Trust 2.25                                                          | CUSIP: 08163MAW7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    155000 | PA      | $103968.09    | 0.06%             | 2054-12-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Biocon Biologics Global PLC                                                                                                   | Biocon Biologics Global PLC 6.67 10/09/2029                                                     | CUSIP: 090978AA5<br>LEI: 254900PMQN51VACG2D55 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $492843.22    | 0.28%             | 2029-10-09      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                                                                                                   | Oracle Corp 4.80 09/26/2032                                                                     | CUSIP: 68389XDK8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    695000 | PA      | $683463.44    | 0.39%             | 2032-09-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Ovintiv Inc                                                                                                                   | Ovintiv Inc 7.10 07/15/2053                                                                     | CUSIP: 69047QAD4<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |    190000 | PA      | $204620.03    | 0.12%             | 2053-07-15      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| Blackbird Capital II Aircraft Lease Ltd                                                                                       | Blackbird Capital II Aircraft Lease Ltd 3.45                                                    | CUSIP: 09229CAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    321181 | PA      | $308617.37    | 0.18%             | 2046-07-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                                                                                | Blackstone Private Credit Fund 5.95 07/16/2029                                                  | CUSIP: 09261HBN6<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    260000 | PA      | $265982.28    | 0.15%             | 2029-07-16      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Blue Racer Midstream LLC / Blue Racer Finance Corp                                                                            | Blue Racer Midstream LLC / Blue Racer Finance Corp 7.00 07/15/2029                              | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    405000 | PA      | $422698.10    | 0.24%             | 2029-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Braskem Netherlands Finance BV                                                                                                | Braskem Netherlands Finance BV 4.50 01/10/2028                                                  | CUSIP: 10554TAB1<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    285000 | PA      | $112047.75    | 0.06%             | 2028-01-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Braskem Netherlands Finance BV                                                                                                | Braskem Netherlands Finance BV 4.50 01/31/2030                                                  | CUSIP: 10554TAD7<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    680000 | PA      | $242698.80    | 0.14%             | 2030-01-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BRAVO Trust 2025-SR1                                                                                                          | BRAVO Trust 2025-SR1 3.00                                                                       | CUSIP: 10567UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    648730 | PA      | $626024.27    | 0.36%             | 2045-03-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Brazilian Government International Bond                                                                                       | Brazilian Government International Bond 6.63 03/15/2035                                         | CUSIP: 105756CL2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    592000 | PA      | $613223.20    | 0.35%             | 2035-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Bravo Residential Funding Trust 2025-Nqm3                                                                                     | Bravo Residential Funding Trust 2025-Nqm3 5.57                                                  | CUSIP: 105927AC1<br>LEI: 254900KREJHICFBDC014 | Long             | ABS-MBS          | CORP              | US        |    280042 | PA      | $282232.93    | 0.16%             | 2065-03-25      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Blue Owl Credit Income Corp                                                                                                   | Blue Owl Credit Income Corp 7.75 01/15/2029                                                     | CUSIP: 69120VAW1<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    945000 | PA      | $999983.97    | 0.57%             | 2029-01-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Blue Owl Capital Corp                                                                                                         | Blue Owl Capital Corp 3.40 07/15/2026                                                           | CUSIP: 69121KAE4<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    410000 | PA      | $406826.07    | 0.23%             | 2026-07-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Blue Owl Capital Corp                                                                                                         | Blue Owl Capital Corp 5.95 03/15/2029                                                           | CUSIP: 69121KAH7<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    356000 | PA      | $360595.66    | 0.21%             | 2029-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PRA Group Inc                                                                                                                 | PRA Group Inc 8.88 01/31/2030                                                                   | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    273000 | PA      | $283360.35    | 0.16%             | 2030-01-31      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Palomino Funding Trust I                                                                                                      | Palomino Funding Trust I 7.23 05/17/2028                                                        | CUSIP: 69754AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    520000 | PA      | $550689.81    | 0.31%             | 2028-05-17      | Fixed         | 7.23%                 | No            |                  2 | On Loan: No      |
| Ovintiv Inc                                                                                                                   | Ovintiv Inc 7.20 11/01/2031                                                                     | CUSIP: 698900AG2<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |    227000 | PA      | $252464.56    | 0.14%             | 2031-11-01      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Ciudad Autonoma De Buenos Aires/Government Bonds                                                                              | Ciudad Autonoma De Buenos Aires/Government Bonds 7.80 11/26/2033                                | CUSIP: 11943HAD1<br>LEI: 5299007MC8RF52X0ON96 | Long             | DBT              | NUSS              | AR        |    645000 | PA      | $648902.25    | 0.37%             | 2033-11-26      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| Builders FirstSource Inc                                                                                                      | Builders FirstSource Inc 5.00 03/01/2030                                                        | CUSIP: 12008RAN7<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    412000 | PA      | $410624.95    | 0.23%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Builders FirstSource Inc                                                                                                      | Builders FirstSource Inc 4.25 02/01/2032                                                        | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $998840.33    | 0.57%             | 2032-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2020-VIVA                                                                                        | BX Commercial Mortgage Trust 2020-VIVA 3.67                                                     | CUSIP: 12433XAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $374256.04    | 0.21%             | 2044-03-11      | Variable      | 3.67%                 | No            |                  2 | On Loan: No      |
| CCO Holdings LLC / CCO Holdings Capital Corp                                                                                  | CCO Holdings LLC / CCO Holdings Capital Corp 5.13 05/01/2027                                    | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    691000 | PA      | $690457.29    | 0.39%             | 2027-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CCO Holdings LLC / CCO Holdings Capital Corp                                                                                  | CCO Holdings LLC / CCO Holdings Capital Corp 7.38 03/01/2031                                    | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    615000 | PA      | $627899.73    | 0.36%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CARS-DB4 LP                                                                                                                   | CARS-DB4 LP 4.52                                                                                | CUSIP: 12510HAH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $97758.77     | 0.06%             | 2050-02-15      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| CHS/Community Health Systems Inc                                                                                              | CHS/Community Health Systems Inc 4.75 02/15/2031                                                | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    605000 | PA      | $541771.09    | 0.31%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CLI Funding VIII LLC                                                                                                          | CLI Funding VIII LLC 3.12                                                                       | CUSIP: 12565KAF4<br>LEI: 254900Z4P82YK31RVL27 | Long             | ABS-MBS          | CORP              | US        |    682746 | PA      | $627579.84    | 0.36%             | 2047-01-18      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| EQT Corp                                                                                                                      | EQT Corp 7.50 06/01/2027                                                                        | CUSIP: 26884LBH1<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    425000 | PA      | $431731.95    | 0.25%             | 2027-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Ecopetrol SA                                                                                                                  | Ecopetrol SA 7.75 02/01/2032                                                                    | CUSIP: 279158AW9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    250000 | PA      | $256765.29    | 0.15%             | 2032-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| EFMT 2024-CES1                                                                                                                | EFMT 2024-CES1 5.80                                                                             | CUSIP: 281907AB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    406000 | PA      | $411589.32    | 0.23%             | 2060-01-26      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| Emera Inc                                                                                                                     | Emera Inc 6.75 06/15/2076                                                                       | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |    546000 | PA      | $550467.37    | 0.31%             | 2076-06-15      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc                                                                                                                  | Enbridge Inc 6.00 01/15/2077                                                                    | CUSIP: 29250NAN5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    750000 | PA      | $753141.75    | 0.43%             | 2077-01-15      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC                                                                                                         | Foundry JV Holdco LLC 6.10 01/25/2036                                                           | CUSIP: 350930AH6<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    200000 | PA      | $212694.64    | 0.12%             | 2036-01-25      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STACR REMIC Trust 2023-HQA2                                                                                       | Freddie Mac STACR REMIC Trust 2023-HQA2 6.07                                                    | CUSIP: 35564K2F5<br>LEI: 5493000KIGZAWUOW4E32 | Long             | ABS-MBS          | CORP              | US        |     59480 | PA      | $59664.86     | 0.03%             | 2043-06-25      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| PennyMac Financial Services Inc                                                                                               | PennyMac Financial Services Inc 7.13 11/15/2030                                                 | CUSIP: 70932MAE7<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    542000 | PA      | $569321.68    | 0.32%             | 2030-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Perrigo Finance Unlimited Co                                                                                                  | Perrigo Finance Unlimited Co 4.90 06/15/2030                                                    | CUSIP: 71429MAC9<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $193430.04    | 0.11%             | 2030-06-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STACR REMIC Trust 2022-DNA6                                                                                       | Freddie Mac STACR REMIC Trust 2022-DNA6 6.22                                                    | CUSIP: 35564KH36<br>LEI: 5493000IS30HKV5IAS29 | Long             | ABS-MBS          | CORP              | US        |     51511 | PA      | $51774.67     | 0.03%             | 2042-09-25      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Freedom Mortgage Corp                                                                                                         | Freedom Mortgage Corp 6.63 01/15/2027                                                           | CUSIP: 35640YAJ6<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    590000 | PA      | $592028.42    | 0.34%             | 2027-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust 2024-2                                                                                           | Hilton Grand Vacations Trust 2024-2 6.91                                                        | CUSIP: 43283JAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    198326 | PA      | $204391.82    | 0.12%             | 2038-03-25      | Fixed         | 6.91%                 | No            |                  2 | On Loan: No      |
| Husky Injection Molding Systems Ltd / Titan Co-Borrower LLC                                                                   | Husky Injection Molding Systems Ltd / Titan Co-Borrower LLC 9.00 02/15/2029                     | CUSIP: 44805RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    470000 | PA      | $495262.50    | 0.28%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                                                                           | Petroleos Mexicanos 5.95 01/28/2031                                                             | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1305000 | PA      | $1260786.47   | 0.72%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PetSmart LLC / PetSmart Finance Corp                                                                                          | PetSmart LLC / PetSmart Finance Corp 7.50 09/15/2032                                            | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    610000 | PA      | $616196.38    | 0.35%             | 2032-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SBA Communications Corp                                                                                                       | SBA Communications Corp 3.13 02/01/2029                                                         | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |    869000 | PA      | $831366.91    | 0.47%             | 2029-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| SEB Funding LLC                                                                                                               | SEB Funding LLC 7.39                                                                            | CUSIP: 78433DAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    504000 | PA      | $516123.06    | 0.29%             | 2054-04-30      | Fixed         | 7.39%                 | No            |                  2 | On Loan: No      |
| Slam 2021-1 Ltd                                                                                                               | Slam 2021-1 Ltd 3.42                                                                            | CUSIP: 78449AAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    361100 | PA      | $345629.39    | 0.20%             | 2046-06-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| Saavi Energia Sarl                                                                                                            | Saavi Energia Sarl 8.88 02/10/2035                                                              | CUSIP: 78518PAA3<br>LEI: 254900A2V0IO8K56UH35 | Long             | DBT              | CORP              | LU        |    550000 | PA      | $591596.50    | 0.34%             | 2035-02-10      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                                                                                           | Intesa Sanpaolo SpA 5.71 01/15/2026                                                             | CUSIP: 46115HAW7<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    695000 | PA      | $695843.06    | 0.40%             | 2026-01-15      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                                                                                           | Intesa Sanpaolo SpA 4.20 06/01/2032                                                             | CUSIP: 46115HBQ9<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    445000 | PA      | $424528.71    | 0.24%             | 2032-06-01      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                                                                                           | Intesa Sanpaolo SpA 4.95 06/01/2042                                                             | CUSIP: 46115HBS5<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    510000 | PA      | $435330.36    | 0.25%             | 2042-06-01      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                                                                      | JP Morgan Mortgage Trust 6.16                                                                   | CUSIP: 46593VAH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    555959 | PA      | $561917.38    | 0.32%             | 2055-11-25      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust 2023-6                                                                                             | J.P. Morgan Mortgage Trust 2023-6 6.00                                                          | CUSIP: 465989AC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    379355 | PA      | $384448.90    | 0.22%             | 2053-12-26      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-AON                                                               | J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-AON 4.13                            | CUSIP: 46649XAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    282000 | PA      | $248512.50    | 0.14%             | 2031-07-05      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Scalelogix Abs Us Issuer LLC                                                                                                  | Scalelogix Abs Us Issuer LLC 6.16                                                               | CUSIP: 80587FAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    562000 | PA      | $569008.03    | 0.32%             | 2055-07-25      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| Charles Schwab Corp/The                                                                                                       | Charles Schwab Corp/The (pfd) 4.00% 06/01/2174 Perpetual                                        | CUSIP: 808513BK0<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |    584000 | NS      | $580048.13    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Light & Wonder International Inc                                                                                              | Light & Wonder International Inc 7.25 11/15/2029                                                | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    340000 | PA      | $349887.54    | 0.20%             | 2029-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Sempra                                                                                                                        | Sempra 4.13 04/01/2052                                                                          | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    832000 | PA      | $811282.95    | 0.46%             | 2052-04-01      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2024-10                                                                                                | Sequoia Mortgage Trust 2024-10 5.50                                                             | CUSIP: 81749QAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    207485 | PA      | $208589.21    | 0.12%             | 2054-11-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2024-10                                                                                                | Sequoia Mortgage Trust 2024-10 5.50                                                             | CUSIP: 81749QAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    121445 | PA      | $121576.44    | 0.07%             | 2054-11-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust 2023-8                                                                                             | J.P. Morgan Mortgage Trust 2023-8 6.00                                                          | CUSIP: 46657CAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    654421 | PA      | $662103.75    | 0.38%             | 2054-02-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2023-7                                                                                               | JP Morgan Mortgage Trust 2023-7 5.50                                                            | CUSIP: 46657DAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    883663 | PA      | $890433.82    | 0.51%             | 2054-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust 2024-1                                                                                             | J.P. Morgan Mortgage Trust 2024-1 6.00                                                          | CUSIP: 46657PAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    362670 | PA      | $364729.03    | 0.21%             | 2054-06-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2024-6                                                                                        | JP Morgan Mortgage Trust Series 2024-6 6.00                                                     | CUSIP: 46657YAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    120526 | PA      | $120655.30    | 0.07%             | 2054-12-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2025-12                                                                                                | Sequoia Mortgage Trust 2025-12 5.50                                                             | CUSIP: 81749XAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    950000 | PA      | $956828.13    | 0.54%             | 2055-12-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Service Properties Trust                                                                                                      | Service Properties Trust 0.00 09/30/2028                                                        | CUSIP: 81761LAF9<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    646000 | PA      | $578716.84    | 0.33%             | 2028-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust 2024-10                                                                                            | J.P. Morgan Mortgage Trust 2024-10 5.50                                                         | CUSIP: 46658LAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    332973 | PA      | $334827.32    | 0.19%             | 2055-03-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust 2024-10                                                                                            | J.P. Morgan Mortgage Trust 2024-10 5.50                                                         | CUSIP: 46658LAK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    310586 | PA      | $311305.43    | 0.18%             | 2055-03-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2024-INV1                                                                                            | JP Morgan Mortgage Trust 2024-INV1 6.00                                                         | CUSIP: 46658PAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    344257 | PA      | $350015.56    | 0.20%             | 2055-04-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                                                                           | JPMorgan Chase & Co (pfd) 3.65% 09/01/2174 Perpetual                                            | CUSIP: 48128BAN1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |    208000 | NS      | $206242.46    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| KeyCorp                                                                                                                       | KeyCorp (pfd) 5.00% 12/15/2173 Perpetual                                                        | CUSIP: 493267AK4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |    430000 | NS      | $429671.87    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Kilroy Realty LP                                                                                                              | Kilroy Realty LP 4.25 08/15/2029                                                                | CUSIP: 49427RAK8<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              | CORP              | US        |    575000 | PA      | $565024.92    | 0.32%             | 2029-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Kilroy Realty LP                                                                                                              | Kilroy Realty LP 3.05 02/15/2030                                                                | CUSIP: 49427RAP7<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              | CORP              | US        |    130000 | PA      | $120600.29    | 0.07%             | 2030-02-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Lmrk Issuer Co 2 LLC                                                                                                          | Lmrk Issuer Co 2 LLC 5.52                                                                       | CUSIP: 50209AAH4<br>LEI: 549300TATF7H68SRLE80 | Long             | ABS-MBS          | CORP              | US        |    611000 | PA      | $619920.66    | 0.35%             | 2055-09-15      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc                                                                                                              | LPL Holdings Inc 5.15 06/15/2030                                                                | CUSIP: 50212YAP9<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    215000 | PA      | $219891.93    | 0.13%             | 2030-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp                                                            | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp 4.75 06/15/2029              | CUSIP: 505742AP1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    352000 | PA      | $347261.27    | 0.20%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp                                                            | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp 7.00 07/15/2031              | CUSIP: 505742AR7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1065000 | PA      | $1129838.27   | 0.64%             | 2031-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loan Trust 2023-2                                                                                                | Mosaic Solar Loan Trust 2023-2 5.36                                                             | CUSIP: 61945WAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    217845 | PA      | $211206.30    | 0.12%             | 2053-09-22      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| SierraCol Energy Andina LLC/SierraCol Energy Arauca/Colombia Energy Development                                               | SierraCol Energy Andina LLC/SierraCol Energy Arauca/Colombia Energy Development 9.00 11/14/2030 | CUSIP: 82653NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    232000 | PA      | $227795.00    | 0.13%             | 2030-11-14      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Sirius XM Radio LLC                                                                                                           | Sirius XM Radio LLC 4.00 07/15/2028                                                             | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    525000 | PA      | $512212.63    | 0.29%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO VIII Ltd                                                                                                     | SIXST 2017-8A BR2 0.00                                                                          | CUSIP: 83012VAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    825000 | PA      | $826649.26    | 0.47%             | 2034-10-20      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                                                                           | Societe Generale SA (pfd) 9.38% 05/22/2174 Perpetual                                            | CUSIP: 83370RAC2<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EP               | CORP              | FR        |    785000 | NS      | $838306.21    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Solstice Advanced Materials Inc                                                                                               | Solstice Advanced Materials Inc 5.63 09/30/2033                                                 | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |    390000 | PA      | $392434.38    | 0.22%             | 2033-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Southern Co/The                                                                                                               | Southern Co/The 4.00 01/15/2051                                                                 | CUSIP: 842587DF1<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    112000 | PA      | $112145.72    | 0.06%             | 2051-01-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp                                                                                                            | Expand Energy Corp 5.38 03/15/2030                                                              | CUSIP: 845467AS8<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    450000 | PA      | $456386.93    | 0.26%             | 2030-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Spire Inc                                                                                                                     | Spire Inc 6.25 06/01/2056                                                                       | CUSIP: 84857LAD3<br>LEI: 549300NXSY15DRY2R511 | Long             | DBT              | CORP              | US        |    430000 | PA      | $426864.32    | 0.24%             | 2056-06-01      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loan Trust 2021-3                                                                                                | Mosaic Solar Loan Trust 2021-3 1.92                                                             | CUSIP: 61946TAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    664644 | PA      | $516366.34    | 0.29%             | 2052-06-20      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| NMI Holdings Inc                                                                                                              | NMI Holdings Inc 6.00 08/15/2029                                                                | CUSIP: 629209AC1<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | DBT              | CORP              | US        |    488000 | PA      | $505607.04    | 0.29%             | 2029-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Spirit AeroSystems Inc                                                                                                        | Spirit AeroSystems Inc 4.60 06/15/2028                                                          | CUSIP: 85205TAK6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    650000 | PA      | $653898.70    | 0.37%             | 2028-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer LLC                                                                                               | Stack Infrastructure Issuer LLC 1.88                                                            | CUSIP: 85236KAE2<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-MBS          | CORP              | US        |    167000 | PA      | $165304.06    | 0.09%             | 2046-03-26      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Standard Building Solutions Inc                                                                                               | Standard Building Solutions Inc 6.50 08/15/2032                                                 | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    135000 | PA      | $139384.80    | 0.08%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                                                                        | Standard Chartered PLC (pfd) 7.75% 02/15/2174 Perpetual                                         | CUSIP: 853254CM0<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | EP               | CORP              | GB        |    221000 | NS      | $229474.25    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Santos Finance Ltd                                                                                                            | Santos Finance Ltd 5.75 11/13/2035                                                              | CUSIP: 803014AC3<br>LEI: 213800BKUBSWG53XNS94 | Long             | DBT              | CORP              | AU        |    579000 | PA      | $580801.36    | 0.33%             | 2035-11-13      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                                                                                     | Sunoco LP 7.00 05/01/2029                                                                       | CUSIP: 86765KAB5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    453000 | PA      | $471886.03    | 0.27%             | 2029-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                                                                                     | Sunoco LP (pfd) 7.88% 03/18/2174 Perpetual                                                      | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | EP               | CORP              | US        |    350000 | NS      | $356384.00    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| THPT 2023-THL Mortgage Trust                                                                                                  | THPT 2023-THL Mortgage Trust 7.92                                                               | CUSIP: 87252LAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $252655.68    | 0.14%             | 2034-12-10      | Variable      | 7.92%                 | No            |                  2 | On Loan: No      |
| Standard Industries Inc/NY                                                                                                    | Standard Industries Inc/NY 4.38 07/15/2030                                                      | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    155000 | PA      | $150420.99    | 0.09%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Stellantis Financial Services US Corp                                                                                         | Stellantis Financial Services US Corp 4.95 09/15/2028                                           | CUSIP: 85855FAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    775000 | PA      | $781400.20    | 0.44%             | 2028-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Subway Funding LLC                                                                                                            | Subway Funding LLC 6.03                                                                         | CUSIP: 864300AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    940500 | PA      | $952049.34    | 0.54%             | 2054-07-30      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| VB-S1 Issuer LLC - VBTEL                                                                                                      | VB-S1 Issuer LLC - VBTEL 4.29                                                                   | CUSIP: 91823AAY7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    425000 | PA      | $419535.18    | 0.24%             | 2052-02-15      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA Inc                                                                                                              | T-Mobile USA Inc 6.70 12/15/2033                                                                | CUSIP: 87264ADV4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    931000 | PA      | $1050765.44   | 0.60%             | 2033-12-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| TEGNA Inc                                                                                                                     | TEGNA Inc 4.63 03/15/2028                                                                       | CUSIP: 87901JAJ4<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |    670000 | PA      | $664419.44    | 0.38%             | 2028-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TopBuild Corp                                                                                                                 | TopBuild Corp 3.63 03/15/2029                                                                   | CUSIP: 89055FAB9<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |    475000 | PA      | $458681.76    | 0.26%             | 2029-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank/The                                                                                                     | Toronto-Dominion Bank/The 8.13 10/31/2082                                                       | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    610000 | PA      | $643124.83    | 0.37%             | 2082-10-31      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                                                                                                                 | TransDigm Inc 4.63 01/15/2029                                                                   | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    800000 | PA      | $790798.80    | 0.45%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Triangle Re 2023-1 Ltd                                                                                                        | Triangle Re 2023-1 Ltd 7.47                                                                     | CUSIP: 89589AAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    145489 | PA      | $146778.65    | 0.08%             | 2033-11-25      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| Trust Fibra Uno                                                                                                               | Trust Fibra Uno 4.87 01/15/2030                                                                 | CUSIP: 898339AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    149000 | PA      | $144152.26    | 0.08%             | 2030-01-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| Trust Fibra Uno                                                                                                               | Trust Fibra Uno 8.25 01/23/2037                                                                 | CUSIP: 89834JAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    515000 | PA      | $585366.30    | 0.33%             | 2037-01-23      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                                                                  | UBS Group AG (pfd) 9.25% 05/13/2174 Perpetual                                                   | CUSIP: 902613BF4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EP               | CORP              | CH        |   1175000 | NS      | $1293420.03   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust 2018-C15                                                                                        | UBS Commercial Mortgage Trust 2018-C15 5.31                                                     | CUSIP: 90278LAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    117000 | PA      | $107350.20    | 0.06%             | 2051-12-15      | Variable      | 5.31%                 | No            |                  2 | On Loan: No      |
| UWM Holdings LLC                                                                                                              | UWM Holdings LLC 6.25 03/15/2031                                                                | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $150761.43    | 0.09%             | 2031-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                                                                                 | United States Treasury Note/Bond 4.63 11/15/2055                                                | CUSIP: 912810UP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3130000 | PA      | $3107992.19   | 1.77%             | 2055-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                                                                                 | United States Treasury Note/Bond 1.63 10/31/2026                                                | CUSIP: 912828YQ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    438000 | PA      | $430068.95    | 0.24%             | 2026-10-31      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                                                                                 | United States Treasury Note/Bond 4.63 09/15/2026                                                | CUSIP: 91282CHY0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    475000 | PA      | $478525.10    | 0.27%             | 2026-09-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                                                                                 | United States Treasury Note/Bond 4.38 12/31/2029                                                | CUSIP: 91282CMD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    660000 | PA      | $680264.06    | 0.39%             | 2029-12-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                                                                                 | United States Treasury Note/Bond 3.75 08/31/2030                                                | CUSIP: 91282CNX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2115000 | PA      | $2117478.53   | 1.20%             | 2030-08-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                                                                                 | United States Treasury Note/Bond 3.63 09/30/2030                                                | CUSIP: 91282CPA3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    555000 | PA      | $555607.03    | 0.32%             | 2030-09-30      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Uniti Fiber Abs Issuer Llc                                                                                                    | Uniti Fiber Abs Issuer Llc 6.37                                                                 | CUSIP: 91326EAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    625963 | PA      | $644595.85    | 0.37%             | 2055-04-20      | Fixed         | 6.37%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc                                                                                                  | Univision Communications Inc 7.38 06/30/2030                                                    | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    611000 | PA      | $620375.80    | 0.35%             | 2030-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                                                                                                | NRG Energy Inc (pfd) 10.25% 09/15/2174 Perpetual                                                | CUSIP: 629377CU4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EP               | CORP              | US        |    475000 | NS      | $518677.68    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| NP SPE IX LP                                                                                                                  | NP SPE IX LP 2.57                                                                               | CUSIP: 62954JAA2<br>LEI: 549300M4DFCB4G0UM882 | Long             | ABS-MBS          | CORP              | US        |    102687 | PA      | $101559.88    | 0.06%             | 2049-09-20      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| Piedmont Operating Partnership LP                                                                                             | Piedmont Operating Partnership LP 6.88 07/15/2029                                               | CUSIP: 720198AJ9<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              | CORP              | US        |     79000 | PA      | $83989.34     | 0.05%             | 2029-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Piedmont Operating Partnership LP                                                                                             | Piedmont Operating Partnership LP 5.63 01/15/2033                                               | CUSIP: 720198AK6<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              | CORP              | US        |    615000 | PA      | $619942.56    | 0.35%             | 2033-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PowerPay Issuance Trust 2025-1                                                                                                | PowerPay Issuance Trust 2025-1 5.23                                                             | CUSIP: 73940MAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    448176 | PA      | $450056.16    | 0.26%             | 2041-11-18      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| PRIO Luxembourg Holding Sarl                                                                                                  | PRIO Luxembourg Holding Sarl 6.75 10/15/2030                                                    | CUSIP: 74259PAA5<br>LEI: 2221003VQP4JY7T31H94 | Long             | DBT              | CORP              | LU        |    237000 | PA      | $232260.71    | 0.13%             | 2030-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                                                                         | Quikrete Holdings Inc 6.38 03/01/2032                                                           | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    193000 | PA      | $200569.46    | 0.11%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                                                                         | Quikrete Holdings Inc 6.75 03/01/2033                                                           | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    414000 | PA      | $431432.30    | 0.25%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES4                                                                                                 | RCKT Mortgage Trust 2024-CES4 6.67                                                              | CUSIP: 74939FAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    850000 | PA      | $862842.31    | 0.49%             | 2044-06-25      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| RCKT Trust 2025-PL1                                                                                                           | RCKT Trust 2025-PL1 5.42                                                                        | CUSIP: 74939RAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    286000 | PA      | $287738.37    | 0.16%             | 2034-07-25      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES3                                                                                                 | RCKT Mortgage Trust 2024-CES3 6.59                                                              | CUSIP: 74942AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    142909 | PA      | $145098.68    | 0.08%             | 2044-05-25      | Variable      | 6.59%                 | No            |                  2 | On Loan: No      |
| RWE Finance US LLC                                                                                                            | RWE Finance US LLC 5.13 09/18/2035                                                              | CUSIP: 749983AC6<br>LEI: 529900J7MYLKI84UP772 | Long             | DBT              | CORP              | US        |    153000 | PA      | $152264.45    | 0.09%             | 2035-09-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| RATE Mortgage Trust 2024-J3                                                                                                   | RATE Mortgage Trust 2024-J3 5.50                                                                | CUSIP: 75409UAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    109661 | PA      | $109837.45    | 0.06%             | 2054-10-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp                                                                       | Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp 9.75 04/15/2030                         | CUSIP: 75606DAV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    112000 | PA      | $121766.40    | 0.07%             | 2030-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust 2025-1                                                                                     | Regional Management Issuance Trust 2025-1 5.53                                                  | CUSIP: 75908AAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $303547.44    | 0.17%             | 2034-04-17      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Repsol E&P Capital Markets US LLC                                                                                             | Repsol E&P Capital Markets US LLC 5.98 09/16/2035                                               | CUSIP: 76026AAC1<br>LEI: 894500D0J12FRZ3Q0M15 | Long             | DBT              | CORP              | US        |    261000 | PA      | $267744.15    | 0.15%             | 2035-09-16      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust 2025-4                                                                               | Research-Driven Pagaya Motor Asset Trust 2025-4 5.50                                            | CUSIP: 76089MAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    856835 | PA      | $865090.78    | 0.49%             | 2034-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Rocket Cos Inc                                                                                                                | Rocket Cos Inc 6.13 08/01/2030                                                                  | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $207768.40    | 0.12%             | 2030-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Rocket Cos Inc                                                                                                                | Rocket Cos Inc 6.38 08/01/2033                                                                  | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $136294.34    | 0.08%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd                                                                                                   | Royal Caribbean Cruises Ltd 6.00 02/01/2033                                                     | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | US        |    159000 | PA      | $163758.05    | 0.09%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| State Street Institutional US Government Money Market Fund                                                                    | State Street Institutional US Government Money Market Fund                                      | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |  15285970 | NS      | $15285969.74  | 8.69%             |  |  |  | No            |                  1 | On Loan: No      |
| VB-S1 Issuer LLC - VBTEL                                                                                                      | VB-S1 Issuer LLC - VBTEL 8.87                                                                   | CUSIP: 91823ABG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    475000 | PA      | $492846.51    | 0.28%             | 2054-05-15      | Fixed         | 8.87%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG Inc                                                                                                        | Venture Global LNG Inc (pfd) 9.00% 03/30/2174 Perpetual                                         | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | EP               | CORP              | US        |    485000 | NS      | $413207.59    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| VERTICAL BRIDGE CC LLC                                                                                                        | VERTICAL BRIDGE CC LLC 7.45                                                                     | CUSIP: 92535VAU6<br>LEI: 549300DKEDU9WZPGTC09 | Long             | ABS-MBS          | CORP              | US        |    526972 | PA      | $537887.43    | 0.31%             | 2055-08-16      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                                                              | Paramount Global 4.38 03/15/2043                                                                | CUSIP: 92553PAP7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    587000 | PA      | $442078.21    | 0.25%             | 2043-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                                                              | Paramount Global 6.25 02/28/2057                                                                | CUSIP: 92553PBC5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    310000 | PA      | $302064.00    | 0.17%             | 2057-02-28      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp                                                                                                            | Expand Energy Corp 6.75 04/15/2029                                                              | CUSIP: 92735LAA0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |     73000 | PA      | $73537.67     | 0.04%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Trust 2024-CES1                                                                                    | Vista Point Securitization Trust 2024-CES1 6.68                                                 | CUSIP: 92839HAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    405914 | PA      | $410832.11    | 0.23%             | 2054-05-25      | Variable      | 6.68%                 | No            |                  2 | On Loan: No      |
| VoltaGrid LLC                                                                                                                 | VoltaGrid LLC 7.38 11/01/2030                                                                   | CUSIP: 92874BAA3<br>LEI: 254900R5BEUGIKK1FM03 | Long             | DBT              | CORP              | US        |    359000 | PA      | $358250.26    | 0.20%             | 2030-11-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group Inc                                                                                                          | WEC Energy Group Inc 5.63 05/15/2056                                                            | CUSIP: 92939UAU0<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |    541000 | PA      | $549428.07    | 0.31%             | 2056-05-15      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| Wayfair LLC                                                                                                                   | Wayfair LLC 6.75 11/15/2032                                                                     | CUSIP: 94419NAC1<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    600000 | PA      | $613711.80    | 0.35%             | 2032-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Williams Scotsman Inc                                                                                                         | Williams Scotsman Inc 6.63 06/15/2029                                                           | CUSIP: 96949VAM5<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    845000 | PA      | $872459.12    | 0.50%             | 2029-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP                                                                                     | XPLR Infrastructure Operating Partners LP 7.75 04/15/2034                                       | CUSIP: 98379YAA0<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    525000 | PA      | $534101.93    | 0.30%             | 2034-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Yinson Bergenia Production BV                                                                                                 | Yinson Bergenia Production BV 8.50 01/31/2045                                                   | CUSIP: 98585VAA6<br>LEI: 549300JDIAWKPMZD5256 | Long             | DBT              | CORP              | NL        |    308000 | PA      | $323270.34    | 0.18%             | 2045-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Zions Bancorp NA                                                                                                              | Zions Bancorp NA 3.25 10/29/2029                                                                | CUSIP: 98971DAB6<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | DBT              | CORP              | US        |    910000 | PA      | $850417.02    | 0.48%             | 2029-10-29      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                                                                                                      | Svenska Handelsbanken AB (pfd) 4.38% 03/01/2174 Perpetual                                       | CUSIP: W9T10ZZR9<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | EP               | CORP              | SE        |    200000 | NS      | $198052.71    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                                                                                               | Danske Bank A/S (pfd) 4.38% 11/18/2174 Perpetual                                                | CUSIP: K2227DL59<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | EP               | CORP              | DK        |   1029000 | NS      | $1027612.38   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                                                                                                                  | ING Groep NV (pfd) 7.50% 05/16/2174 Perpetual                                                   | CUSIP: N4578ELM8<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EP               | CORP              | NL        |    600000 | NS      | $625482.05    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken AB                                                                                              | Skandinaviska Enskilda Banken AB (pfd) 6.88% 12/30/2173 Perpetual                               | CUSIP: W8T54FK56<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | EP               | CORP              | SE        |   1000000 | NS      | $1028222.28   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-27

**Name of Applicant:** American Century ETF Trust

**Signature:** Amy R. Bitter

**Name of Signer:** Amy R. Bitter

**Title:** Assistant Treasurer