# EDGAR Filing Document

**Accession Number:** 0001496608
**File Stem:** 0001410368-26-040420
**Filing Date:** 2026-4
**Character Count:** 332169
**Document Hash:** d9dd53ab8f07d6e9c1c7ffcbcd14fc81
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-040420.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0001410368-26-040420

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**PERIOD START**: 20261130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AB Active ETFs, Inc.
- **CENTRAL INDEX KEY:** 0001496608

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23799
- **FILM NUMBER:** 26895272

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ALLIANCEBERNSTEIN L.P.
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 212-969-1000

**MAIL ADDRESS:**
- **STREET 1:** C/O ALLIANCEBERNSTEIN L.P.
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AllianceBernstein Active ETFs, Inc.
- **DATE OF NAME CHANGE:** 20100714

## Series and Classes Contracts Data

### AB Short Duration Income ETF (Series ID: S000083865)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000247935 | AB Short Duration Income ETF | SDFI            |

## Nport-Ex

**AB Active ETFs, Inc.** 

**AB Short Duration Income ETF** 

**Portfolio of Investments** 

**February 28, 2026 (unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **CORPORATES - INVESTMENT GRADE – 41.6%** |  |  |  |
|  **Industrial – 25.1%** |  |  |  |
|  **Basic – 1.1%** |  |  |  |
|  BHP Billiton Finance USA Ltd.<br>4.75%, 02/28/2028 | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;570 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;580551 |
|  Georgia-Pacific LLC<br>0.95%, 05/15/2026<sup>(a)</sup> |  | 9 | 8945 |
|  Glencore Funding LLC<br>5.186%, 04/01/2030<sup>(a)</sup> |  | 161 | 166505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.338%, 04/04/2027<sup>(a)</sup> |  | 435 | 441207 |
|  Nutrien Ltd.<br>4.90%, 03/27/2028 |  | 661 | 672825 |
|  |  |  | 1870033 |
|  **Capital Goods – 2.0%** |  |  |  |
|  BAE Systems PLC<br>5.00%, 03/26/2027<sup>(a)</sup> |  | 374 | 378095 |
|  Boeing Co. (The)<br>3.25%, 02/01/2028 |  | 272 | 268777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.259%, 05/01/2027 |  | 104 | 106549 |
|  Northrop Grumman Corp.<br>3.25%, 01/15/2028 |  | 184 | 182178 |
|  Parker-Hannifin Corp.<br>3.25%, 06/14/2029 |  | 66 | 64690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/15/2027 |  | 496 | 499100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/2029 |  | 121 | 123183 |
|  Republic Services, Inc.<br>4.875%, 04/01/2029 |  | 348 | 357560 |
|  RTX Corp.<br>2.25%, 07/01/2030 |  | 322 | 300059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/15/2027 |  | 202 | 201406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 11/16/2028 |  | 40 | 40239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/08/2026 |  | 421 | 425134 |
|  Westinghouse Air Brake Technologies Corp.<br>3.45%, 11/15/2026 |  | 444 | 442051 |
|  |  |  | 3389021 |
|  **Communications – Telecommunications – 0.6%** |  |  |  |
|  Rogers Communications, Inc.<br>3.20%, 03/15/2027 |  | 629 | 624308 |
|  T-Mobile USA, Inc.<br>3.75%, 04/15/2027 |  | 417 | 416495 |
|  |  |  | 1040803 |
|  **Consumer Cyclical – Automotive – 2.7%** |  |  |  |
|  American Honda Finance Corp.<br>2.00%, 03/24/2028 |  | 457 | 440018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 11/15/2028 |  | 347 | 362032 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series G<br>4.45%, 10/22/2027 |  | 290 | 292738 |
|  Ford Motor Credit Co. LLC<br>3.815%, 11/02/2027 |  | 219 | 217213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.303%, 09/06/2029 |  | 200 | 202874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/08/2029 |  | 383 | 394444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.918%, 03/20/2028 |  | 346 | 354996 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  General Motors Co.<br>4.20%, 10/01/2027 | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2028 |  | 300 | 305967 |
|  General Motors Financial Co., Inc.<br>2.70%, 08/20/2027 |  | 295 | 289625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 07/15/2027 |  | 251 | 255285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 05/08/2027 |  | 299 | 303691 |
|  Hyundai Capital America<br>4.25%, 01/08/2029<sup>(a)</sup> |  | 57 | 57307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 09/24/2027<sup>(a)</sup> |  | 35 | 35153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/18/2030<sup>(a)</sup> |  | 71 | 71569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 09/26/2029<sup>(a)</sup> |  | 38 | 38530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/27/2030<sup>(a)</sup> |  | 100 | 103368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/08/2027<sup>(a)</sup> |  | 25 | 25270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 03/19/2027<sup>(a)</sup> |  | 322 | 326402 |
|  |  |  | 4471286 |
|  **Consumer Cyclical - Entertainment – 0.5%** |  |  |  |
|  Carnival Corp.<br>5.125%, 05/01/2029<sup>(a)</sup> |  | 81 | 82079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/15/2030<sup>(a)</sup> |  | 16 | 16555 |
|  Royal Caribbean Cruises Ltd.<br>5.375%, 07/15/2027<sup>(a)</sup> |  | 436 | 439318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/31/2026<sup>(a)</sup> |  | 31 | 31000 |
|  Viking Ocean Cruises Ship VII Ltd.<br>5.625%, 02/15/2029<sup>(a)</sup> |  | 14 | 14000 |
|  VOC Escrow Ltd.<br>5.00%, 02/15/2028<sup>(a)</sup> |  | 263 | 262543 |
|  |  |  | 845495 |
|  **Consumer Cyclical - Other – 0.7%** |  |  |  |
|  CK Hutchison International 24 Ltd.<br>5.375%, 04/26/2029<sup>(a)</sup> |  | 447 | 464326 |
|  Flutter Treasury DAC<br>5.875%, 06/04/2031<sup>(a)</sup> |  | 200 | 200122 |
|  Las Vegas Sands Corp.<br>3.50%, 08/18/2026 |  | 424 | 422278 |
|  |  |  | 1086726 |
|  **Consumer Cyclical - Restaurants – 0.3%** |  |  |  |
|  1011778 BC ULC/New Red Finance, Inc.<br>3.875%, 01/15/2028<sup>(a)</sup> |  | 17 | 16788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 09/15/2029<sup>(a)</sup> |  | 100 | 101771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 06/15/2029<sup>(a)</sup> |  | 193 | 198456 |
|  McDonald's Corp.<br>Series G<br>5.00%, 05/17/2029 |  | 255 | 263665 |
|  |  |  | 580680 |
|  **Consumer Cyclical - Retailers – 0.7%** |  |  |  |
|  AutoNation, Inc.<br>4.45%, 01/15/2029 |  | 148 | 149054 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Ralph Lauren Corp.<br>2.95%, 06/15/2030 | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;423 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;405302 |
|  Walmart, Inc.<br>3.90%, 04/15/2028 |  | 649 | 652751 |
|  |  |  | 1207107 |
|  **Consumer Non-Cyclical – 5.9%** |  |  |  |
|  Altria Group, Inc.<br>3.40%, 05/06/2030 |  | 466 | 453423 |
|  Amer Sports Co.<br>6.75%, 02/16/2031<sup>(a)</sup> |  | 61 | 63644 |
|  BAT Capital Corp.<br>3.557%, 08/15/2027 |  | 124 | 123363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 04/02/2027 |  | 299 | 301012 |
|  BAT International Finance PLC<br>1.668%, 03/25/2026 |  | 431 | 430073 |
|  Becton Dickinson & Co.<br>3.70%, 06/06/2027 |  | 193 | 192340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.693%, 02/13/2028 |  | 498 | 504444 |
|  CVS Health Corp.<br>2.875%, 06/01/2026 |  | 401 | 399937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 08/15/2026 |  | 107 | 106479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 04/01/2027 |  | 283 | 282049 |
|  DH Europe Finance II SARL<br>2.60%, 11/15/2029 |  | 490 | 467220 |
|  General Mills, Inc.<br>4.20%, 04/17/2028 |  | 582 | 584159 |
|  HCA, Inc.<br>3.125%, 03/15/2027 |  | 362 | 358930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 06/01/2028 |  | 299 | 306373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/15/2026 |  | 263 | 263260 |
|  Imperial Brands Finance PLC<br>3.50%, 07/26/2026<sup>(a)</sup> |  | 376 | 374974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 07/27/2027<sup>(a)</sup> |  | 201 | 206574 |
|  Johnson & Johnson<br>0.95%, 09/01/2027 |  | 709 | 682760 |
|  Kraft Heinz Foods Co.<br>3.00%, 06/01/2026 |  | 381 | 379933 |
|  Medtronic Global Holdings SCA<br>4.25%, 03/30/2028 |  | 604 | 609853 |
|  Molson Coors Beverage Co.<br>3.00%, 07/15/2026 |  | 393 | 391487 |
|  Novartis Capital Corp.<br>3.10%, 05/17/2027 |  | 129 | 128263 |
|  Philip Morris International, Inc.<br>3.375%, 08/15/2029 |  | 49 | 48139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 10/27/2028 |  | 96 | 96140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 11/01/2027 |  | 126 | 127249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 02/15/2028 |  | 43 | 43823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 02/13/2029 |  | 272 | 279605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 11/17/2027 |  | 144 | 146938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 02/15/2030 |  | 190 | 197326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 11/17/2029 |  | 41 | 43316 |
|  Shire Acquisitions Investments Ireland DAC<br>3.20%, 09/23/2026 |  | 486 | 483886 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Sysco Corp.<br>4.40%, 07/25/2031 | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143516 |
|  Takeda Pharmaceutical Co., Ltd.<br>2.05%, 03/31/2030 |  | 503 | 464204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/26/2028 |  | 200 | 204722 |
|  |  |  | 9889414 |
|  **Energy – 5.5%** |  |  |  |
|  Cenovus Energy, Inc.<br>4.65%, 03/20/2031 |  | 281 | 284431 |
|  Cheniere Energy, Inc.<br>4.625%, 10/15/2028 |  | 651 | 650740 |
|  ConocoPhillips Co.<br>4.70%, 01/15/2030 |  | 50 | 51252 |
|  Continental Resources, Inc./OK<br>2.268%, 11/15/2026<sup>(a)</sup> |  | 29 | 28598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 01/15/2028 |  | 295 | 295419 |
|  Energy Transfer LP<br>4.00%, 10/01/2027 |  | 500 | 500650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/01/2027 |  | 345 | 350237 |
|  Eni SpA<br>Series X-R<br>4.75%, 09/12/2028<sup>(a)</sup> |  | 522 | 532158 |
|  EQT Corp.<br>3.90%, 10/01/2027 |  | 560 | 558880 |
|  Hess Midstream Operations LP<br>5.875%, 03/01/2028<sup>(a)</sup> |  | 172 | 174907 |
|  ONEOK, Inc.<br>3.10%, 03/15/2030 |  | 118 | 113026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/24/2027 |  | 239 | 240107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 07/15/2028 |  | 473 | 478189 |
|  Permian Resources Operating LLC<br>5.875%, 07/01/2029<sup>(a)</sup> |  | 197 | 197656 |
|  Pioneer Natural Resources Co.<br>1.90%, 08/15/2030 |  | 285 | 261393 |
|  Santos Finance Ltd.<br>Series E<br>4.125%, 09/14/2027<sup>(a)</sup> |  | 632 | 630629 |
|  Schlumberger Holdings Corp.<br>3.90%, 05/17/2028<sup>(a)</sup> |  | 678 | 678339 |
|  Targa Resources Corp.<br>5.20%, 07/01/2027 |  | 538 | 546597 |
|  Targa Resources Partners LP/Targa Resources Partners Finance Corp.<br>5.50%, 03/01/2030 |  | 657 | 668425 |
|  Var Energi ASA<br>5.875%, 05/22/2030<sup>(a)</sup> |  | 200 | 210008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 01/15/2028<sup>(a)</sup> |  | 446 | 471061 |
|  Williams Cos., Inc. (The)<br>3.75%, 06/15/2027 |  | 580 | 578701 |
|  Woodside Finance Ltd.<br>3.70%, 03/15/2028<sup>(a)</sup> |  | 175 | 173770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/04/2029<sup>(a)</sup> |  | 290 | 292129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 05/19/2030 |  | 174 | 180523 |
|  |  |  | 9147825 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Other Industrial – 0.5%** |  |  |  |
|  LKQ Corp.<br>5.75%, 06/15/2028 | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;613 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;629612 |
|  RB Global Holdings, Inc.<br>6.75%, 03/15/2028<sup>(a)</sup> |  | 187 | 190202 |
|  |  |  | 819814 |
|  **Services – 0.8%** |  |  |  |
|  Expedia Group, Inc.<br>3.80%, 02/15/2028 |  | 558 | 555260 |
|  Mastercard, Inc.<br>2.95%, 06/01/2029 |  | 170 | 165578 |
|  S&P Global, Inc.<br>2.45%, 03/01/2027 |  | 481 | 474367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/01/2029 |  | 205 | 206776 |
|  |  |  | 1401981 |
|  **Technology – 2.9%** |  |  |  |
|  Analog Devices, Inc.<br>1.70%, 10/01/2028 |  | 250 | 237350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 12/05/2026 |  | 125 | 124700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/15/2028 |  | 363 | 366978 |
|  Broadcom Corp./Broadcom Cayman Finance Ltd.<br>3.50%, 01/15/2028 |  | 582 | 579509 |
|  Broadcom, Inc.<br>4.75%, 04/15/2029 |  | 250 | 255722 |
|  Dell International LLC/EMC Corp.<br>5.25%, 02/01/2028 |  | 146 | 149319 |
|  Fiserv, Inc.<br>3.20%, 07/01/2026 |  | 416 | 414586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/2027 |  | 253 | 255436 |
|  Foundry JV Holdco LLC<br>5.90%, 01/25/2030<sup>(a)</sup> |  | 220 | 232133 |
|  Intel Corp.<br>4.875%, 02/10/2028 |  | 573 | 582008 |
|  International Business Machines Corp.<br>3.30%, 05/15/2026 |  | 158 | 157724 |
|  Oracle Corp.<br>1.65%, 03/25/2026 |  | 166 | 165716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 07/15/2026 |  | 68 | 67596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 04/01/2027 |  | 430 | 423477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 11/15/2027 |  | 187 | 183688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/06/2028 |  | 15 | 15081 |
|  VMware LLC<br>1.40%, 08/15/2026 |  | 442 | 436700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 08/15/2028 |  | 195 | 185408 |
|  |  |  | 4833131 |
|  **Transportation - Airlines – 0.5%** |  |  |  |
|  Delta Air Lines, Inc.<br>4.95%, 07/10/2028 |  | 135 | 137226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/10/2030 |  | 614 | 633138 |
|  |  |  | 770364 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Transportation - Services – 0.4%** |  |  |  |
|  XPO, Inc.<br>6.25%, 06/01/2028<sup>(a)</sup> | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;611094 |
|  |  |  | 41964774 |
|  **Financial Institutions – 14.5%** |  |  |  |
|  **Banking – 12.3%** |  |  |  |
|  Banco Santander SA<br>1.722%, 09/14/2027 |  | 400 | 395108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.749%, 12/03/2030 |  | 200 | 183950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 04/11/2027 |  | 400 | 400716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.565%, 01/17/2030 |  | 200 | 209476 |
|  Bank of Ireland Group PLC<br>5.601%, 03/20/2030<sup>(a)</sup> |  | 464 | 483641 |
|  Banque Federative du Credit Mutuel SA<br>4.541%, 01/15/2031<sup>(a)</sup> |  | 614 | 617303 |
|  Barclays PLC<br>2.279%, 11/24/2027 |  | 200 | 197384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.476%, 11/11/2029 |  | 200 | 201518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.837%, 09/10/2028 |  | 401 | 405227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 05/12/2026 |  | 111 | 111119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.501%, 08/09/2028 |  | 450 | 458622 |
|  BNP Paribas SA<br>5.125%, 01/13/2029<sup>(a)</sup> |  | 573 | 584403 |
|  CaixaBank SA<br>6.208%, 01/18/2029<sup>(a)</sup> |  | 343 | 355962 |
|  Capital One Financial Corp.<br>1.878%, 11/02/2027 |  | 643 | 632937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.927%, 05/10/2028 |  | 280 | 282769 |
|  Citigroup, Inc.<br>1.462%, 06/09/2027 |  | 424 | 421045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.643%, 05/07/2028 |  | 390 | 392722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.658%, 05/24/2028 |  | 118 | 118850 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series VAR<br>3.07%, 02/24/2028 |  | 317 | 313947 |
|  Credit Agricole SA<br>5.23%, 01/09/2029<sup>(a)</sup> |  | 275 | 280725 |
|  Danske Bank A/S<br>4.298%, 04/01/2028<sup>(a)</sup> |  | 451 | 452718 |
|  Deutsche Bank AG/New York NY<br>2.552%, 01/07/2028 |  | 565 | 557791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.706%, 02/08/2028 |  | 347 | 351830 |
|  DNB Bank ASA<br>1.605%, 03/30/2028<sup>(a)</sup> |  | 647 | 631155 |
|  Goldman Sachs Bank USA/New York NY<br>5.283%, 03/18/2027 |  | 241 | 241169 |
|  Goldman Sachs Group, Inc. (The)<br>1.431%, 03/09/2027 |  | 267 | 266834 |
|  HSBC Holdings PLC<br>4.583%, 06/19/2029 |  | 200 | 201918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.755%, 06/09/2028 |  | 613 | 618247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.21%, 08/11/2028 |  | 556 | 564607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.597%, 05/17/2028 |  | 506 | 515078 |
|  ING Groep NV<br>4.017%, 03/28/2028 |  | 482 | 482169 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  JPMorgan Chase & Co.<br>1.47%, 09/22/2027 | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.509%, 01/23/2029 |  | 635 | 629615 |
|  Lloyds Banking Group PLC<br>1.627%, 05/11/2027 |  | 395 | 393100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.574%, 11/07/2028 |  | 200 | 198674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 03/18/2028 |  | 394 | 393165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.985%, 08/07/2027 |  | 175 | 176470 |
|  Mitsubishi UFJ Financial Group, Inc.<br>1.538%, 07/20/2027 |  | 440 | 435899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.341%, 01/19/2028 |  | 487 | 480289 |
|  Morgan Stanley<br>3.95%, 04/23/2027 |  | 222 | 221911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.21%, 04/20/2028 |  | 366 | 366684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.994%, 04/12/2029 |  | 497 | 505986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.652%, 04/13/2028 |  | 601 | 611722 |
|  Nationwide Building Society<br>2.972%, 02/16/2028<sup>(a)</sup> |  | 454 | 449465 |
|  NatWest Group PLC<br>1.642%, 06/14/2027 |  | 416 | 413188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.073%, 05/22/2028 |  | 273 | 270142 |
|  Santander UK Group Holdings PLC<br>2.469%, 01/11/2028 |  | 200 | 197298 |
|  Societe Generale SA<br>4.45%, 04/12/2030<sup>(a)</sup> |  | 200 | 200860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.249%, 05/22/2029<sup>(a)</sup> |  | 200 | 204354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.519%, 01/19/2028<sup>(a)</sup> |  | 443 | 448440 |
|  Standard Chartered PLC<br>5.545%, 01/21/2029 <sup>(a)</sup> |  | 236 | 242082 |
|  Synchrony Financial<br>3.95%, 12/01/2027 |  | 59 | 58746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.019%, 07/29/2029 |  | 348 | 352183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 02/02/2033 |  | 179 | 188849 |
|  UBS Group AG<br>1.494%, 08/10/2027<sup>(a)</sup> |  | 226 | 223464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.703%, 08/05/2027<sup>(a)</sup> |  | 367 | 367385 |
|  UniCredit SpA<br>1.982%, 06/03/2027<sup>(a)</sup> |  | 404 | 401802 |
|  |  |  | 20433671 |
|  **Finance – 0.1%** |  |  |  |
|  Aviation Capital Group LLC<br>4.75%, 04/14/2027<sup>(a)</sup> |  | 155 | 155970 |
|  **Financial Services – 0.0%** |  |  |  |
|  Lincoln Financial Global Funding<br>4.20%, 01/12/2029<sup>(a)</sup> |  | 56 | 55873 |
|  **REITs – 2.1%** |  |  |  |
|  Digital Realty Trust LP<br>3.70%, 08/15/2027 |  | 610 | 607749 |
|  Host Hotels & Resorts LP<br>4.25%, 12/15/2028 |  | 19 | 19085 |
|  Newmark Group, Inc.<br>7.50%, 01/12/2029 |  | 260 | 276635 |
|  Simon Property Group LP<br>1.75%, 02/01/2028 |  | 667 | 642248 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  VICI Properties LP/VICI Note Co., Inc.<br>4.25%, 12/01/2026<sup>(a)</sup> | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 12/01/2029<sup>(a)</sup> |  | 675 | 674062 |
|  WEA Finance LLC<br>3.50%, 06/15/2029<sup>(a)</sup> |  | 649 | 632716 |
|  Welltower OP LLC<br>3.10%, 01/15/2030 |  | 655 | 633247 |
|  |  |  | 3490736 |
|  |  |  | 24136250 |
|  **Utility – 2.0%** |  |  |  |
|  **Electric – 2.0%** |  |  |  |
|  Constellation Energy Generation LLC<br>4.625%, 02/01/2029<sup>(a)</sup> |  | 184 | 183969 |
|  EDP Finance BV<br>1.71%, 01/24/2028<sup>(a)</sup> |  | 510 | 488361 |
|  Enel Finance International NV<br>2.125%, 07/12/2028<sup>(a) (b)</sup> |  | 474 | 453694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 09/30/2028<sup>(a)</sup> |  | 227 | 227479 |
|  ITC Holdings Corp.<br>4.95%, 09/22/2027<sup>(a)</sup> |  | 483 | 488830 |
|  Sempra<br>3.25%, 06/15/2027 |  | 223 | 221013 |
|  Southern Co. (The)<br>5.113%, 08/01/2027<sup>(b)</sup> |  | 568 | 577207 |
|  Vistra Operations Co. LLC<br>3.70%, 01/30/2027<sup>(a)</sup> |  | 483 | 480778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 07/15/2029<sup>(a)</sup> |  | 207 | 207095 |
|  |  |  | 3328426 |
|  Total Corporates - Investment Grade<br>(cost $68,924,029) |  |  | 69429450 |
|  **GOVERNMENTS - TREASURIES – 25.8%** |  |  |  |
|  **United States – 25.8%** |  |  |  |
|  U.S. Treasury Bonds<br>4.75%, 02/15/2045 |  | 145 | 148648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 08/15/2045 |  | 77 | 80104 |
|  U.S. Treasury Notes<br>3.375%, 11/30/2027 |  | 437 | 436744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 09/30/2027 |  | 1102 | 1103205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/31/2028 |  | 1580 | 1583086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 08/31/2027 |  | 2949 | 2956833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 08/31/2030 |  | 2760 | 2774447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 12/31/2030 |  | 1095 | 1100218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/30/2027 |  | 698 | 700018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 10/31/2032 |  | 1700 | 1705047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 11/30/2032 |  | 1538 | 1542085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 05/31/2027 |  | 254 | 255201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 07/31/2027 |  | 272 | 273594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 03/15/2028 |  | 293 | 295816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 07/31/2030 |  | 3498 | 3552929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 09/30/2032 |  | 1669 | 1686733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/31/2029 |  | 1445 | 1469159 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/31/2029 | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2591 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2638974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/28/2030 |  | 2375 | 2422129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 01/31/2027 |  | 14 | 14072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 02/28/2027 |  | 176 | 177017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 03/31/2029 |  | 1158 | 1182427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/28/2029 |  | 1190 | 1218727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/30/2029 |  | 3813 | 3911685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/31/2030 |  | 2220 | 2283825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 08/31/2028 |  | 398 | 407533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 11/30/2028 |  | 970 | 994780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 12/31/2029 |  | 900 | 929531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 09/30/2028 |  | 3044 | 3136509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 04/30/2029 |  | 1060 | 1098342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 10/31/2028 |  | 950 | 985551 |
|  Total Governments - Treasuries<br>(cost $42,359,828) |  |  | 43064969 |
|  **ASSET-BACKED SECURITIES – 12.2%** |  |  |  |
|  **Other ABS - Fixed Rate – 7.4%** |  |  |  |
|  Affirm Asset Securitization Trust<br>Series 2025-X2, Class A<br>4.45%, 10/15/2030<sup>(a)</sup> |  | 267 | 267415 |
|  APL Finance DAC<br>Series 2025-1A, Class A<br>4.81%, 03/20/2036 <sup>(a)</sup> |  | 285 | 285986 |
|  Avant Loans Funding Trust<br>Series 2024-REV1, Class A<br>5.92%, 10/15/2033<sup>(a)</sup> |  | 255 | 255791 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-REV1, Class A<br>5.12%, 05/15/2034<sup>(a)</sup> |  | 250 | 251117 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2026-REV1, Class A<br>4.52%, 05/15/2036<sup>(a)</sup> |  | 253 | 253127 |
|  BHG Securitization Trust<br>Series 2023-B, Class A<br>6.92%, 12/17/2036<sup>(a)</sup> |  | 92 | 96173 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2CON, Class A<br>4.84%, 09/17/2036<sup>(a)</sup> |  | 248 | 251602 |
|  Castlelake Aircraft Structured Trust<br>Series 2025-2A, Class A<br>5.465%, 08/15/2050<sup>(a)</sup> |  | 577 | 586166 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-3A, Class A<br>5.087%, 11/15/2050<sup>(a)</sup> |  | 245 | 247499 |
|  Cherry Securitization Trust<br>Series 2024-1A, Class A<br>5.70%, 04/15/2032<sup>(a)</sup> |  | 600 | 604102 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A<br>6.13%, 11/15/2032<sup>(a)</sup> |  | 400 | 406908 |
|  Dailypay Securitization Trust<br>Series 2025-1A, Class A<br>5.63%, 06/26/2028<sup>(a)</sup> |  | 600 | 604134 |
|  Dext ABS LLC<br>Series 2023-1, Class A2<br>5.99%, 03/15/2032<sup>(a)</sup> |  | 27 | 27452 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Equify ABS LLC<br>Series 2024-1A, Class A<br>5.43%, 04/18/2033<sup>(a)</sup> | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60650 |
|  Granite Park Equipment Leasing LLC<br>Series 2023-1A, Class A3<br>6.46%, 09/20/2032<sup>(a)</sup> |  | 32 | 32006 |
|  Lendmark Funding Trust<br>Series 2024-1A, Class A<br>5.53%, 06/21/2032<sup>(a)</sup> |  | 300 | 303320 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A<br>4.94%, 09/20/2034<sup>(a)</sup> |  | 300 | 304410 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-3A, Class A<br>4.51%, 05/21/2035<sup>(a)</sup> |  | 100 | 100733 |
|  Onemain Financial Issuance Trust<br>Series 2025-1A, Class A<br>4.82%, 07/14/2038<sup>(a)</sup> |  | 420 | 427941 |
|  Oportun Funding Trust<br>Series 2024-3, Class A<br>5.26%, 08/15/2029<sup>(a)</sup> |  | 1 | 893 |
|  Oportun Issuance Trust<br>Series 2025-B, Class A<br>4.88%, 05/09/2033<sup>(a)</sup> |  | 600 | 603464 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-C, Class A<br>4.49%, 07/08/2033<sup>(a)</sup> |  | 600 | 601566 |
|  OWN Equipment Fund II LLC<br>Series 2025-1M, Class A<br>5.48%, 09/26/2033<sup>(a)</sup> |  | 544 | 551889 |
|  Pagaya AI Debt Grantor Trust<br>Series 2024-10, Class A<br>5.183%, 06/15/2032<sup>(a)</sup> |  | 42 | 42458 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2026-1, Class A1<br>4.228%, 02/15/2027<sup>(a)</sup> |  | 233 | 233012 |
|  Pagaya AI Debt Trust<br>Series 2024-2, Class A<br>6.319%, 08/15/2031<sup>(a)</sup> |  | 37 | 37301 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-3, Class A<br>6.258%, 10/15/2031<sup>(a)</sup> |  | 33 | 32552 |
|  Pagaya Point of Sale Holdings Grantor Trust<br>Series 2025-1, Class A<br>5.715%, 01/20/2034<sup>(a)</sup> |  | 292 | 293678 |
|  PK Alift Loan Funding 7 LP<br>Series 2025-2, Class A<br>4.75%, 03/15/2043<sup>(a)</sup> |  | 341 | 343523 |
|  Purchasing Power Funding LLC<br>Series 2026-A, Class A<br>4.37%, 08/15/2030<sup>(a)</sup> |  | 224 | 224290 |
|  Reach ABS Trust<br>Series 2025-2A, Class A<br>4.93%, 08/18/2032 <sup>(a)</sup> |  | 267 | 268695 |
|  Reach Abs Trust<br>Series 2026-1A, Class A<br>4.32%, 02/15/2033<sup>(a)</sup> |  | 348 | 348341 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Regional Management Issuance Trust<br>Series 2024-2, Class A<br>5.11%, 12/15/2033<sup>(a)</sup> | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221366 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1, Class A<br>4.99%, 04/17/2034<sup>(a)</sup> |  | 585 | 589002 |
|  Republic Finance Issuance Trust<br>Series 2024-A, Class A<br>5.91%, 08/20/2032<sup>(a)</sup> |  | 250 | 252427 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B, Class A<br>5.42%, 11/20/2037<sup>(a)</sup> |  | 150 | 153206 |
|  Short Term Consumer Receivables Issuer Trust<br>Series 2025-1B, Class INV<br>0.00%, 11/20/2035<sup>(c) (d) (e)</sup> |  | 177 | 185729 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2026-1A, Class INV<br>0.01%, 03/20/2036<sup>(a) (d) (e)</sup> |  | 92 | 96645 |
|  Sotheby's Artfi Master Trust<br>Series 2026-1A, Class A1<br>4.80%, 06/20/2033<sup>(a)</sup> |  | 388 | 390295 |
|  Sunbit Asset Securitization Trust<br>Series 2025-1, Class A<br>5.36%, 07/15/2030<sup>(a)</sup> |  | 300 | 302388 |
|  Upgrade Master Pass-Thru Trust<br>Series 2025-ST6, Class A<br>4.611%, 10/15/2032<sup>(a)</sup> |  | 247 | 247436 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-ST8, Class A<br>4.618%, 12/15/2033<sup>(a)</sup> |  | 241 | 240789 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2026-ST1, Class A<br>4.244%, 03/15/2034<sup>(a)</sup> |  | 182 | 181933 |
|  Upstart Securitization Trust<br>Series 2023-3, Class A<br>6.90%, 10/20/2033<sup>(a)</sup> |  | 5 | 4539 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1, Class A<br>5.33%, 11/20/2034<sup>(a)</sup> |  | 42 | 42591 |
|  Verdant Receivables 2023-1 LLC<br>Series 2023-1A, Class A2<br>6.24%, 01/13/2031<sup>(a)</sup> |  | 186 | 189323 |
|  VFI ABS LLC<br>Series 2025-1A, Class A<br>4.78%, 06/24/2030<sup>(a)</sup> |  | 345 | 347022 |
|  |  |  | 12392885 |
|  **Autos - Fixed Rate – 3.3%** |  |  |  |
|  ACM Auto Trust<br>Series 2025-1A, Class A<br>5.38%, 06/20/2029<sup>(a)</sup> |  | 29 | 29317 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2A, Class A<br>5.55%, 06/20/2028<sup>(a)</sup> |  | 272 | 271979 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-3A, Class A<br>5.01%, 01/22/2030<sup>(a)</sup> |  | 474 | 473866 |
|  CPS Auto Receivables Trust<br>Series 2026-A, Class A<br>4.19%, 12/17/2029<sup>(a)</sup> |  | 365 | 364764 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  Credit Acceptance Auto Loan Trust<br>Series 2025-1A, Class A<br>5.02%, 03/15/2035<sup>(a)</sup> | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253306 |
|  FHF Trust<br>Series 2023-1A, Class A2<br>6.57%, 06/15/2028<sup>(a)</sup> |  | 24 | 24085 |
|  FinBe USA Trust<br>Series 2025-1A, Class A<br>5.70%, 12/15/2028<sup>(a)</sup> |  | 316 | 315842 |
|  Hertz Vehicle Financing III LLC<br>Series 2024-1A, Class A<br>5.44%, 01/25/2029<sup>(a)</sup> |  | 154 | 157132 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A<br>4.91%, 09/25/2029<sup>(a)</sup> |  | 250 | 254532 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-3A, Class A<br>5.06%, 12/26/2029<sup>(a)</sup> |  | 600 | 613367 |
|  Lendbuzz Securitization Trust<br>Series 2023-1A, Class A2<br>6.92%, 08/15/2028<sup>(a)</sup> |  | 37 | 37230 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-2A, Class A2<br>7.09%, 10/16/2028<sup>(a)</sup> |  | 47 | 47847 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-3A, Class A2<br>7.50%, 12/15/2028<sup>(a)</sup> |  | 48 | 48619 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2026-1A, Class A1<br>4.176%, 01/15/2027<sup>(a)</sup> |  | 384 | 384012 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series A2, Class 24-1A<br>6.19%, 08/15/2029<sup>(a)</sup> |  | 72 | 72419 |
|  Lobel Automobile Receivables Trust<br>Series 2025-1, Class A<br>5.06%, 11/15/2027<sup>(a)</sup> |  | 52 | 51748 |
|  Merchants Fleet Funding LLC<br>Series 2023-1A, Class A<br>7.21%, 05/20/2036<sup>(a)</sup> |  | 139 | 139657 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A<br>4.49%, 01/20/2039<sup>(a)</sup> |  | 366 | 369015 |
|  Research-Driven Pagaya Motor Asset Trust<br>Series 2023-3A, Class A<br>7.13%, 01/26/2032<sup>(a)</sup> |  | 134 | 134653 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-4A, Class A<br>7.54%, 03/25/2032<sup>(a)</sup> |  | 177 | 177417 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-3A, Class A<br>5.281%, 03/25/2033<sup>(a)</sup> |  | 276 | 277112 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A<br>5.044%, 06/27/2033<sup>(a)</sup> |  | 255 | 256178 |
|  Research-Driven Pagaya Motor Trust<br>Series 2024-1A, Class A<br>7.09%, 06/25/2032<sup>(a)</sup> |  | 35 | 35291 |
|  SAFCO Auto Receivables Trust<br>Series 2025-1A, Class A<br>5.46%, 09/10/2029<sup>(a)</sup> |  | 136 | 136395 |
|  Tricolor Auto Securitization Trust<br>Series 2024-1A, Class A<br>6.61%, 10/17/2027<sup>(c) (d) (e) (f) (g)</sup> |  | 25 | 23265 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-3A, Class A<br>5.22%, 06/15/2028<sup>(c) (d) (e) (f) (g)</sup> | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123833 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A<br>4.94%, 02/15/2029<sup>(c) (d) (e) (f) (g)</sup> |  | 105 | 60650 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2A, Class A<br>5.12%, 01/16/2029<sup>(c) (d) (e) (f) (g)</sup> |  | 547 | 331457 |
|  |  |  | 5464988 |
|  **Credit Cards - Fixed Rate – 1.0%** |  |  |  |
|  Continental Finance Credit Card ABS Master Trust<br>Series 2024-A, Class A<br>5.78%, 12/15/2032<sup>(a)</sup> |  | 250 | 252240 |
|  Mission Lane Credit Card Master Trust<br>Series 2025-A, Class A<br>5.80%, 05/15/2030<sup>(a)</sup> |  | 600 | 605407 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-B, Class A<br>5.06%, 09/15/2031<sup>(a)</sup> |  | 371 | 373579 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-C, Class A<br>4.78%, 12/16/2030<sup>(a)</sup> |  | 345 | 346504 |
|  |  |  | 1577730 |
|  **Other ABS - Floating Rate – 0.5%** |  |  |  |
|  Capital Street Master Trust<br>Series 2024-1, Class A<br>5.008% (CME Term SOFR + 1.35%), 10/16/2028<sup>(a) (h)</sup> |  | 62 | 62138 |
|  Gracie Point International Funding LLC<br>Series 2025-1A, Class A<br>5.181% (CME Term SOFR + 1.50%), 08/15/2028<sup>(a) (h)</sup> |  | 650 | 650878 |
|  Pagaya AI Debt Grantor Trust<br>Series 2024-S1, Class ABC<br>7.303%, 09/15/2031<sup>(a) (d) (e)</sup> |  | 98 | 98414 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1, Class A<br>5.156%, 07/15/2032<sup>(a)</sup> |  | 87 | 87340 |
|  |  |  | 898770 |
|  Total Asset-Backed Securities<br>(cost $20,472,589) |  |  | 20334373 |
|  **CORPORATES - NON-INVESTMENT GRADE – 8.6%** |  |  |  |
|  **Industrial – 7.6%** |  |  |  |
|  **Basic – 0.3%** |  |  |  |
|  Arsenal AIC Parent LLC<br>8.00%, 10/01/2030<sup>(a)</sup> |  | 38 | 40145 |
|  ASP Unifrax Holdings, Inc.<br>7.10% (7.10% Cash or 5.85% Cash and 1.25% PIK), 09/30/2029<sup>(a) (i)</sup> |  | 9 | 640 |
|  Celanese US Holdings LLC<br>7.00%, 02/15/2031 |  | 44 | 45351 |
|  Graphic Packaging International LLC<br>3.50%, 03/15/2028<sup>(a)</sup> |  | 125 | 121516 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  INEOS Finance PLC<br>6.375%, 04/15/2029<sup>(a)</sup> | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107528 |
|  INEOS Quattro Finance 2 PLC<br>8.50%, 03/15/2029<sup>(a)</sup> |  | 222 | 231873 |
|  Sealed Air Corp./Sealed Air Corp. US<br>6.125%, 02/01/2028<sup>(a)</sup> | U.S.$| 27 | 27382 |
|  |  |  | 574435 |
|  **Capital Goods – 0.8%** |  |  |  |
|  Axon Enterprise, Inc.<br>6.125%, 03/15/2030<sup>(a)</sup> |  | 85 | 87867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 03/15/2033<sup>(a)</sup> |  | 66 | 68465 |
|  Ball Corp.<br>6.00%, 06/15/2029 |  | 300 | 309246 |
|  Bombardier, Inc.<br>8.75%, 11/15/2030<sup>(a)</sup> |  | 190 | 203486 |
|  Esab Corp.<br>6.25%, 04/15/2029<sup>(a)</sup> |  | 121 | 124202 |
|  GFL Environmental, Inc.<br>4.375%, 08/15/2029<sup>(a)</sup> |  | 60 | 58892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 01/15/2031<sup>(a)</sup> |  | 178 | 186638 |
|  LSB Industries, Inc.<br>6.25%, 10/15/2028<sup>(a) (b)</sup> |  | 147 | 147666 |
|  MIWD Holdco II LLC/MIWD Finance Corp.<br>5.50%, 02/01/2030<sup>(a)</sup> |  | 78 | 73022 |
|  Quikrete Holdings, Inc.<br>6.375%, 03/01/2032<sup>(a)</sup> |  | 47 | 48854 |
|  Trinity Industries, Inc.<br>7.75%, 07/15/2028<sup>(a)</sup> |  | 22 | 22654 |
|  WESCO Distribution, Inc.<br>5.25%, 04/15/2031<sup>(a)</sup> |  | 59 | 59188 |
|  |  |  | 1390180 |
|  **Communications - Media – 0.7%** |  |  |  |
|  Banijay Entertainment SAS<br>7.00%, 05/01/2029<sup>(a)</sup> | EUR | 170 | 207419 |
|  CCO Holdings LLC/CCO Holdings Capital Corp.<br>4.50%, 08/15/2030<sup>(a)</sup> | U.S.$| 26 | 24777 |
|  DIRECTV Financing LLC/Directv Financing Co-Obligor, Inc.<br>5.875%, 08/15/2027<sup>(a)</sup> |  | 35 | 35068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 02/15/2031<sup>(a)</sup> |  | 124 | 126828 |
|  Discovery Communications LLC<br>4.125%, 05/15/2029 |  | 303 | 299970 |
|  Gray Media, Inc.<br>10.50%, 07/15/2029<sup>(a)</sup> |  | 78 | 83657 |
|  McGraw-Hill Education, Inc.<br>5.75%, 08/01/2028<sup>(a)</sup> |  | 26 | 25988 |
|  Neptune Bidco US, Inc.<br>9.29%, 04/15/2029<sup>(a)</sup> |  | 91 | 91276 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  Univision Communications, Inc.<br>8.00%, 08/15/2028<sup>(a)</sup> | U.S.$|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;196 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201629 |
|  Versant Media Group, Inc.<br>7.25%, 01/30/2031<sup>(a)</sup> |  |  | 66 | 67560 |
|  |  |  |  | 1164172 |
|  **Consumer Cyclical - Automotive – 0.2%** |  |  |  |  |
|  Goodyear Tire & Rubber Co. (The)<br>5.25%, 04/30/2031 |  |  | 138 | 132314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 07/15/2030 |  |  | 30 | 30648 |
|  Nissan Motor Acceptance Co. LLC<br>6.125%, 09/30/2030<sup>(a)</sup> |  |  | 25 | 25056 |
|  Tenneco, Inc.<br>8.00%, 11/17/2028<sup>(a)</sup> |  |  | 51 | 51000 |
|  ZF North America Capital, Inc.<br>6.75%, 04/23/2030<sup>(a)</sup> |  |  | 160 | 161688 |
|  |  |  |  | 400706 |
|  **Consumer Cyclical - Entertainment – 0.0%** |  |  |  |  |
|  Lindblad Expeditions LLC<br>7.00%, 09/15/2030<sup>(a)</sup> |  |  | 15 | 15719 |
|  NCL Corp., Ltd.<br>5.875%, 01/15/2031<sup>(a)</sup> |  |  | 42 | 42336 |
|  |  |  |  | 58055 |
|  **Consumer Cyclical - Other – 1.0%** |  |  |  |  |
|  Brookfield Residential Properties, Inc./Brookfield Residential US LLC<br>6.25%, 09/15/2027<sup>(a)</sup> |  |  | 86 | 86028 |
|  Churchill Downs, Inc.<br>4.75%, 01/15/2028<sup>(a)</sup> |  |  | 97 | 96686 |
|  Cirsa Finance International SARL<br>6.50%, 03/15/2029<sup>(a)</sup> |  | EUR | 100 | 122201 |
|  Hilton Domestic Operating Co., Inc.<br>5.875%, 04/01/2029<sup>(a)</sup> |  | U.S.$| 465 | 475858 |
|  Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc.<br>4.875%, 07/01/2031<sup>(a)</sup> |  |  | 109 | 102474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/01/2029<sup>(a)</sup> |  |  | 45 | 43934 |
|  Marriott Ownership Resorts, Inc.<br>4.50%, 06/15/2029<sup>(a)</sup> |  |  | 103 | 99359 |
|  Rivers Enterprise Borrower LLC/Rivers Enterprise Finance Corp.<br>6.625%, 02/01/2033<sup>(a)</sup> |  |  | 36 | 36956 |
|  Shea Homes LP/Shea Homes Funding Corp.<br>4.75%, 02/15/2028 |  |  | 11 | 10955 |
|  Standard Industries, Inc./NY<br>4.75%, 01/15/2028<sup>(a)</sup> |  |  | 247 | 246388 |
|  Thor Industries, Inc.<br>4.00%, 10/15/2029<sup>(a)</sup> |  |  | 182 | 174931 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  Travel & Leisure Co.<br>6.625%, 07/31/2026<sup>(a)</sup> | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117344 |
|  |  |  | 1613114 |
|  **Consumer Cyclical - Restaurants – 0.3%** |  |  |  |
|  1011778 BC ULC/New Red Finance, Inc.<br>4.375%, 01/15/2028<sup>(a)</sup> |  | 35 | 34828 |
|  Yum! Brands, Inc.<br>4.75%, 01/15/2030<sup>(a)</sup> |  | 410 | 410438 |
|  |  |  | 445266 |
|  **Consumer Cyclical - Retailers – 0.2%** |  |  |  |
|  Advance Auto Parts, Inc.<br>7.00%, 08/01/2030<sup>(a)</sup> |  | 237 | 242987 |
|  **Consumer Non-Cyclical – 1.1%** |  |  |  |
|  Acadia Healthcare Co., Inc.<br>7.375%, 03/15/2033<sup>(a)</sup> |  | 32 | 33006 |
|  AdaptHealth LLC<br>5.125%, 03/01/2030<sup>(a)</sup> |  | 263 | 253516 |
|  Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC<br>3.50%, 03/15/2029<sup>(a)</sup> |  | 40 | 38591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 02/15/2028<sup>(a)</sup> |  | 114 | 116007 |
|  Amneal Pharmaceuticals LLC<br>6.875%, 08/01/2032<sup>(a)</sup> |  | 30 | 31609 |
|  Bausch & Lomb Corp.<br>8.375%, 10/01/2028<sup>(a)</sup> |  | 57 | 59229 |
|  DaVita, Inc.<br>4.625%, 06/01/2030<sup>(a)</sup> |  | 136 | 133124 |
|  Elanco Animal Health, Inc.<br>6.65%, 08/28/2028<sup>(b)</sup> |  | 4 | 4155 |
|  Embecta Corp.<br>5.00%, 02/15/2030<sup>(a)</sup> |  | 29 | 27258 |
|  LifePoint Health, Inc.<br>9.875%, 08/15/2030<sup>(a)</sup> |  | 203 | 217113 |
|  MPH Acquisition Holdings LLC<br>5.75%, 12/31/2030<sup>(a)</sup> |  | 5 | 3704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75% (6.00% Cash and 0.75% PIK), 03/31/2031<sup>(a) (b) (i)</sup> |  | 44 | 27552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.50% (6.50% Cash and 5.00% PIK), 12/31/2030<sup>(a) (b) (i)</sup> |  | 8 | 7899 |
|  Newell Brands, Inc.<br>6.375%, 09/15/2027 |  | 15 | 15215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 06/01/2028<sup>(a)</sup> |  | 52 | 54730 |
|  Post Holdings, Inc.<br>6.25%, 02/15/2032<sup>(a)</sup> |  | 26 | 26749 |
|  Tenet Healthcare Corp.<br>4.25%, 06/01/2029 |  | 202 | 198687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 01/15/2030 |  | 72 | 70674 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  US Foods, Inc.<br>4.75%, 02/15/2029<sup>(a)</sup> | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;522 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519280 |
|  |  |  | 1838098 |
|  **Energy – 1.6%** |  |  |  |
|  Blue Racer Midstream LLC/Blue Racer Finance Corp.<br>7.00%, 07/15/2029<sup>(a)</sup> |  | 73 | 75997 |
|  Buckeye Partners LP<br>6.875%, 07/01/2029<sup>(a)</sup> |  | 149 | 154582 |
|  CITGO Petroleum Corp.<br>8.375%, 01/15/2029<sup>(a)</sup> |  | 186 | 193144 |
|  CNX Resources Corp.<br>7.375%, 01/15/2031<sup>(a)</sup> |  | 237 | 245489 |
|  Delek Logistics Partners LP/Delek Logistics Finance Corp.<br>8.625%, 03/15/2029<sup>(a)</sup> |  | 112 | 117012 |
|  Hilcorp Energy I LP/Hilcorp Finance Co.<br>6.25%, 11/01/2028<sup>(a)</sup> |  | 73 | 73634 |
|  NFE Financing LLC<br>12.00%, 11/15/2029<sup>(c) (f) (g)</sup> |  | 256 | 92429 |
|  NGL Energy Operating LLC/NGL Energy Finance Corp.<br>8.125%, 02/15/2029<sup>(a)</sup> |  | 105 | 108865 |
|  NuStar Logistics LP<br>5.625%, 04/28/2027 |  | 312 | 314949 |
|  SM Energy Co.<br>8.375%, 07/01/2028<sup>(a)</sup> |  | 168 | 173631 |
|  Summit Midstream Holdings LLC<br>8.625%, 10/31/2029<sup>(a)</sup> |  | 258 | 270095 |
|  Sunoco LP<br>5.375%, 07/15/2031<sup>(a)</sup> |  | 140 | 140227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 05/01/2029<sup>(a)</sup> |  | 389 | 403611 |
|  Venture Global LNG, Inc.<br>9.875%, 02/01/2032<sup>(a)</sup> |  | 282 | 298836 |
|  Venture Global Plaquemines LNG LLC<br>6.125%, 12/15/2030<sup>(a)</sup> |  | 54 | 56086 |
|  |  |  | 2718587 |
|  **Other Industrial – 0.3%** |  |  |  |
|  RB Global Holdings, Inc.<br>7.75%, 03/15/2031<sup>(a)</sup> |  | 189 | 196466 |
|  Velocity Vehicle Group LLC<br>8.00%, 06/01/2029<sup>(a)</sup> |  | 253 | 239945 |
|  |  |  | 436411 |
|  **Services – 0.6%** |  |  |  |
|  Allied Universal Holdco LLC<br>7.875%, 02/15/2031<sup>(a)</sup> |  | 407 | 429971 |
|  ANGI Group LLC<br>3.875%, 08/15/2028<sup>(a)</sup> |  | 127 | 113990 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  Garda World Security Corp.<br>6.00%, 06/01/2029<sup>(a)</sup> | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 01/15/2031<sup>(a)</sup> |  | 24 | 24607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 02/15/2028<sup>(a)</sup> |  | 48 | 49022 |
|  Prime Security Services Borrower LLC/Prime Finance, Inc.<br>3.375%, 08/31/2027<sup>(a)</sup> |  | 235 | 231322 |
|  Raven Acquisition Holdings LLC<br>6.875%, 11/15/2031<sup>(a)</sup> |  | 32 | 30753 |
|  Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.<br>5.50%, 05/15/2033<sup>(a)</sup> | EUR | 112 | 130445 |
|  |  |  | 1060091 |
|  **Technology – 0.3%** |  |  |  |
|  Diebold Nixdorf, Inc.<br>7.75%, 03/31/2030<sup>(a)</sup> | U.S.$| 17 | 17933 |
|  Fortress Intermediate 3, Inc.<br>7.50%, 06/01/2031<sup>(a)</sup> |  | 271 | 264995 |
|  Gen Digital, Inc.<br>6.75%, 09/30/2027<sup>(a)</sup> |  | 42 | 42401 |
|  Playtika Holding Corp.<br>4.25%, 03/15/2029<sup>(a)</sup> |  | 219 | 172532 |
|  Virtusa Corp.<br>7.125%, 12/15/2028<sup>(a)</sup> |  | 10 | 8751 |
|  |  |  | 506612 |
|  **Transportation - Airlines – 0.0%** |  |  |  |
|  American Airlines, Inc./AAdvantage Loyalty IP Ltd.<br>5.75%, 04/20/2029<sup>(a)</sup> |  | 44 | 44517 |
|  **Transportation - Services – 0.2%** |  |  |  |
|  Avis Budget Car Rental LLC/Avis Budget Finance, Inc.<br>4.75%, 04/01/2028<sup>(a)</sup> |  | 165 | 161320 |
|  Loxam SAS<br>4.50%, 02/15/2027<sup>(a)</sup> | EUR | 100 | 118075 |
|  |  |  | 279395 |
|  |  |  | 12772626 |
|  **Financial Institutions – 0.7%** |  |  |  |
|  **Banking – 0.1%** |  |  |  |
|  Bread Financial Holdings, Inc.<br>6.75%, 05/15/2031<sup>(a)</sup> | U.S.$| 209 | 213293 |
|  **Brokerage – 0.1%** |  |  |  |
|  Jane Street Group/JSG Finance, Inc.<br>6.75%, 05/01/2033<sup>(a)</sup> |  | 121 | 124142 |
|  **Finance – 0.4%** |  |  |  |
|  Enova International, Inc.<br>9.125%, 08/01/2029<sup>(a)</sup> |  | 155 | 163179 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  GGAM Finance Ltd.<br>8.00%, 02/15/2027<sup>(a)</sup> | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 06/15/2028<sup>(a)</sup> |  | 77 | 81059 |
|  Navient Corp.<br>6.75%, 06/15/2026 |  | 259 | 259578 |
|  SLM Corp.<br>3.125%, 11/02/2026 |  | 23 | 22666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 01/31/2030 |  | 57 | 57887 |
|  |  |  | 596517 |
|  **Insurance – 0.1%** |  |  |  |
|  Acrisure LLC/Acrisure Finance, Inc.<br>7.50%, 11/06/2030<sup>(a)</sup> |  | 92 | 93639 |
|  AmWINS Group, Inc.<br>6.375%, 02/15/2029<sup>(a)</sup> |  | 4 | 4070 |
|  |  |  | 97709 |
|  **REITs – 0.0%** |  |  |  |
|  Iron Mountain, Inc.<br>5.00%, 07/15/2028<sup>(a)</sup> |  | 76 | 75822 |
|  |  |  | 1107483 |
|  **Utility – 0.3%** |  |  |  |
|  **Electric – 0.3%** |  |  |  |
|  NRG Energy, Inc.<br>3.375%, 02/15/2029<sup>(a)</sup> |  | 208 | 200377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/15/2029<sup>(a)</sup> |  | 272 | 272642 |
|  |  |  | 473019 |
|  Total Corporates – Non-Investment Grade<br>(cost $14,338,985) |  |  | 14353128 |
|  **COLLATERALIZED LOAN OBLIGATIONS – 5.0%** |  |  |  |
|  **CLO - Floating Rate – 5.0%** |  |  |  |
|  AGL CLO 44 Ltd.<br>Series 2025-44A, Class A<br>4.981% (CME Term SOFR 3 Month + 1.15%), 10/22/2037<sup>(a) (h)</sup> |  | 250 | 250314 |
|  AGL CLO 45 Ltd.<br>Series 2025-45A, Class A<br>5.082% (CME Term SOFR 3 Month + 1.20%), 01/22/2039<sup>(a) (h)</sup> |  | 250 | 250002 |
|  Apidos CLO XXX<br>Series XXXA, Class A1AR<br>4.748% (CME Term SOFR 3 Month + 1.08%), 10/18/2031<sup>(a) (h)</sup> |  | 17 | 17351 |
|  Bain Capital Credit CLO Ltd.<br>Series 2021-4A, Class A1RR<br>4.668% (CME Term SOFR 3 Month + 1.00%), 10/20/2034<sup>(a) (h)</sup> |  | 350 | 350017 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-6A, Class A1R<br>4.76% (CME Term SOFR 3 Month + 1.09%), 10/21/2034<sup>(a) (h)</sup> |  | 300 | 300311 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  Benefit Street Partners CLO 48 Ltd.<br>Series 2026-48A, Class A<br>4.805% (CME Term SOFR 3 Month + 1.15%), 04/20/2038<sup>(a) (h)</sup> | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;312 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311998 |
|  Dryden 113 CLO Ltd.<br>Series 2022-113A, Class AR3<br>4.762% (CME Term SOFR 3 Month + 1.09%), 10/15/2037<sup>(a) (h)</sup> |  | 680 | 681138 |
|  Goldentree Loan Management US CLO 8 Ltd.<br>Series 2020-8A, Class ARR<br>4.818% (CME Term SOFR 3 Month + 1.15%), 10/20/2034<sup>(a) (h)</sup> |  | 450 | 450391 |
|  Golub Capital Partners CLO 50B-R Ltd.<br>Series 2020-50A, Class A1R2<br>4.778% (CME Term SOFR 3 Month + 1.11%), 04/20/2035<sup>(a) (h)</sup> |  | 310 | 310635 |
|  Invesco CLO Ltd.<br>Series 2021-2A, Class AR<br>4.772% (CME Term SOFR 3 Month + 1.10%), 07/15/2034<sup>(a) (h)</sup> |  | 650 | 650261 |
|  Juniper Valley Park CLO Ltd.<br>Series 2023-1A, Class ARR<br>4.748% (CME Term SOFR 3 Month + 1.08%), 07/20/2036<sup>(a) (h)</sup> |  | 690 | 690461 |
|  KKR CLO 21 Ltd.<br>Series 21, Class A<br>4.934% (CME Term SOFR 3 Month + 1.26%), 04/15/2031<sup>(a) (h)</sup> |  | 51 | 51410 |
|  Magnetite Xli Ltd.<br>Series 2024-41A, Class A<br>4.958% (CME Term SOFR 3 Month + 1.29%), 01/25/2038<sup>(a) (h)</sup> |  | 600 | 601945 |
|  Neuberger Berman Loan Advisers CLO 47 Ltd.<br>Series 2022-47A, Class AR<br>4.757% (CME Term SOFR 3 Month + 1.09%), 04/16/2035<sup>(a) (h)</sup> |  | 738 | 738963 |
|  OCP CLO Ltd.<br>Series 2023-26A, Class AR<br>4.748% (CME Term SOFR 3 Month + 1.08%), 04/17/2037<sup>(a) (h)</sup> |  | 700 | 700193 |
|  Palmer Square CLO Ltd.<br>Series 2026-1A, Class A<br>4.861% (CME Term SOFR 3 Month + 1.19%), 04/20/2039<sup>(a) (h)</sup> |  | 300 | 300136 |
|  Rad CLO 14 Ltd.<br>Series 2021-14A, Class A<br>5.104% (CME Term SOFR 3 Month + 1.43%), 01/15/2035<sup>(a) (h)</sup> |  | 550 | 550335 |
|  Symphony CLO 50 Ltd.<br>Series 2025-50A, Class A1<br>5.188% (CME Term SOFR 3 Month + 1.27%), 10/20/2038<sup>(a) (h)</sup> |  | 292 | 292642 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  Trinitas CLO XXX Ltd.<br>Series 2024-30A, Class A1<br>5.041% (CME Term SOFR 3 Month + 1.37%), 10/23/2037<sup>(a) (h)</sup> | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;401186 |
|  VERDE CLO Ltd.<br>Series 2019-1A, Class ARR<br>4.782% (CME Term SOFR 3 Month + 1.11%), 04/15/2032<sup>(a) (h)</sup> |  | 91 | 91203 |
|  Voya CLO Ltd.<br>Series 2022-3A, Class A1R2<br>4.798% (CME Term SOFR 3 Month + 1.13%), 10/20/2036<sup>(a) (h)</sup> |  | 350 | 350081 |
|  Total Collateralized Loan Obligations<br>(cost $8,330,866) |  |  | 8340973 |
|  **MORTGAGE PASS-THROUGHS – 3.4%** |  |  |  |
|  **Agency Fixed Rate 30-Year – 3.4%** |  |  |  |
|  Federal Home Loan Mortgage Corp.<br>Series 2024<br>5.50%, 11/01/2054 |  | 836 | 849781 |
|  Federal National Mortgage Association<br>Series 2024<br>5.50%, 10/01/2054 |  | 761 | 774898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/01/2054 |  | 707 | 726398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 09/01/2054 |  | 704 | 723032 |
|  Uniform Mortgage-Backed Security<br>Series 2026<br>4.00%, 03/01/2056, TBA |  | 488 | 474519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/01/2056, TBA |  | 480 | 474650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/01/2056, TBA |  | 385 | 386273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/01/2056, TBA |  | 1213 | 1232372 |
|  Total Mortgage Pass-Throughs<br>(cost $5,535,656) |  |  | 5641923 |
|  **COLLATERALIZED MORTGAGE OBLIGATIONS – 2.6%** |  |  |  |
|  **Non-Agency Floating Rate – 1.5%** |  |  |  |
|  BRAVO Residential Funding Trust<br>Series 2026-NQM1, Class A1<br>4.83%, 12/25/2065<sup>(a)</sup> |  | 227 | 227566 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM2, Class A1<br>4.619%, 11/25/2065<sup>(a)</sup> |  | 267 | 266745 |
|  Cross Mortgage Trust<br>Series 2025-H10, Class A1<br>4.968%, 01/25/2071<sup>(a)</sup> |  | 219 | 219332 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM2, Class A1<br>4.833%, 03/25/2061<sup>(a)</sup> |  | 243 | 243194 |
|  GCAT Trust<br>Series 2026-NQM1, Class A1<br>4.789%, 12/25/2070<sup>(a)</sup> |  | 234 | 234180 |
|  OBX Trust<br>Series 2025-NQM23, Class A1<br>4.872%, 10/25/2065<sup>(a)</sup> |  | 360 | 361684 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM3, Class A1<br>4.652%, 01/25/2066<sup>(a)</sup> |  | 100 | 99959 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  Santandero Mortgage Asset Receivable Trust<br>Series 2026-NQM1, Class A1<br>4.947%, 11/25/2065<sup>(a)</sup> | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227467 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM2, Class A1<br>4.704%, 01/25/2066<sup>(a)</sup> |  | 166 | 166131 |
|  Verus Securitization Trust<br>Series 2025-12, Class A1<br>4.961%, 12/25/2070<sup>(a)</sup> |  | 366 | 368183 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2026-2, Class A1<br>4.59%, 02/25/2071<sup>(a)</sup> |  | 172 | 171840 |
|  |  |  | 2586281 |
|  **Non-Agency Fixed Rate – 1.0%** |  |  |  |
|  Angel Oak Mortgage Trust<br>Series 2025-13, Class A1<br>4.929%, 10/25/2070<sup>(a)</sup> |  | 145 | 145029 |
|  COOPR Residential Mortgage Trust<br>Series 2026-CES1, Class A1A<br>4.874%, 01/01/2061<sup>(a)</sup> |  | 201 | 201441 |
|  FIGRE Trust<br>Series 2026-HE1, Class A<br>4.982%, 01/25/2056<sup>(a)</sup> |  | 155 | 155406 |
|  JP Morgan Mortgage Trust<br>Series 2025-CES7, Class A1A<br>5.055%, 04/25/2056<sup>(a)</sup> |  | 360 | 361841 |
|  RCKT Mortgage Trust<br>Series 2026-CES1, Class A1A<br>4.827%, 01/25/2056<sup>(a)</sup> |  | 151 | 151894 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2026-CES2, Class A1A<br>4.762%, 02/01/2056<sup>(a)</sup> |  | 235 | 235211 |
|  Santander Mortgage Asset Receivable Trust<br>Series 2026-CES1, Class A1A<br>4.876%, 01/01/2056<sup>(a)</sup> |  | 150 | 150646 |
|  Towd Point Mortgage Trust<br>Series 2026-FIX1, Class A1<br>4.98%, 12/25/2065<sup>(a)</sup> |  | 227 | 228526 |
|  |  |  | 1629994 |
|  **Risk Share Floating Rate – 0.1%** |  |  |  |
|  Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes<br>Series 2021-DNA6, Class M2<br>5.167% (CME Term SOFR + 1.50%), 10/25/2041<sup>(a) (h)</sup> |  | 115 | 115189 |
|  **Agency Fixed Rate – 0.0%** |  |  |  |
|  Federal Home Loan Mortgage Corp. REMICS<br>Series 4913, Class IO<br>6.00%, 04/15/2041<sup>(j)</sup> |  | 46 | 8728 |
|  Federal National Mortgage Association REMICS<br>Series 2016-26, Class IO<br>5.00%, 05/25/2046<sup>(j)</sup> |  | 90 | 11734 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-31, Class IO<br>5.00%, 06/25/2046<sup>(j)</sup> | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15301 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-64, Class BI<br>5.00%, 09/25/2046<sup>(j)</sup> |  | 14 | 1765 |
|  |  |  | 37528 |
|  **Agency Floating Rate – 0.0%** |  |  |  |
|  Federal Home Loan Mortgage Corp. REMICS<br>Series 4372, Class JS<br>2.327% (5.99% - CME Term SOFR), 08/15/2044 <sup>(h) (k)</sup> |  | 63 | 7196 |
|  Federal National Mortgage Association REMICS<br>Series 2012-17, Class ES<br>2.768% (6.44% - CME Term SOFR), 03/25/2041<sup>(h) (k)</sup> |  | 11 | 132 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2012-17, Class SE<br>2.168% (5.84% - CME Term SOFR), 03/25/2042<sup>(h) (k)</sup> |  | 48 | 5915 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-25, Class SA<br>2.268% (5.94% - CME Term SOFR), 06/25/2049<sup>(h) (k)</sup> |  | 30 | 3433 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-42, Class SQ<br>2.268% (5.94% - CME Term SOFR), 08/25/2049<sup>(h) (k)</sup> |  | 27 | 3083 |
|  |  |  | 19759 |
|  Total Collateralized Mortgage Obligations<br>(cost $4,372,176) |  |  | 4388751 |
|  **COMMERCIAL MORTGAGE-BACKED SECURITIES – 0.6%** |  |  |  |
|  **Non-Agency Fixed Rate CMBS – 0.6%** |  |  |  |
|  BANK<br>Series 2020-BN28, Class XA<br>1.759%, 03/15/2063<sup>(j)</sup> |  | 1994 | 127554 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-BN29, Class XA<br>1.298%, 11/15/2053<sup>(j)</sup> |  | 946 | 46649 |
|  Barclays Commercial Mortgage Trust<br>Series 2019-C3, Class XA<br>1.308%, 05/15/2052<sup>(j)</sup> |  | 913 | 30511 |
|  BBCMS Mortgage Trust<br>Series 2017-C1, Class XA<br>1.44%, 02/15/2050<sup>(j)</sup> |  | 1141 | 8027 |
|  CD Mortgage Trust<br>Series 2016-CD1, Class XA<br>1.299%, 08/10/2049<sup>(j)</sup> |  | 1152 | 917 |
|  CFCRE Commercial Mortgage Trust<br>Series 2016-C4, Class XA<br>1.209%, 05/10/2058<sup>(j)</sup> |  | 15 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-C8, Class XA<br>1.436%, 06/15/2050<sup>(j)</sup> |  | 251 | 2566 |
|  Citigroup Commercial Mortgage Trust<br>Series 2016-GC36, Class A5<br>3.616%, 02/10/2049 |  | 43 | 42493 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-P7, Class XA<br>1.094%, 04/14/2050<sup>(j)</sup> | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;739 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5212 |
|  Commercial Mortgage Trust<br>Series 2014-CR16, Class D<br>4.748%, 04/10/2047<sup>(a)</sup> |  | 100 | 93830 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-DC2, Class XA<br>0.397%, 02/10/2049<sup>(j)</sup> |  | 178 | 2 |
|  GS Mortgage Securities Trust<br>Series 2013-GC13, Class D<br>3.857%, 07/10/2046<sup>(a)</sup> |  | 100 | 76906 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-GS3, Class XA<br>1.141%, 10/10/2049<sup>(j)</sup> |  | 1128 | 1260 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-GS5, Class XA<br>0.828%, 03/10/2050<sup>(j)</sup> |  | 1380 | 7898 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-GS7, Class XA<br>1.022%, 08/10/2050<sup>(j)</sup> |  | 3070 | 30946 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-GC39, Class XA<br>1.069%, 05/10/2052<sup>(j)</sup> |  | 3476 | 101625 |
|  JP Morgan Chase Commercial Mortgage Securities Trust<br>Series 2012-LC9, Class G<br>3.608%, 12/15/2047<sup>(a)</sup> |  | 100 | 58719 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2013-LC11, Class B<br>3.499%, 04/15/2046 |  | 10 | 9709 |
|  JPMBB Commercial Mortgage Securities Trust<br>Series 2013-C14, Class D<br>4.09%, 08/15/2046<sup>(a)</sup> |  | 75 | 59255 |
|  UBS Commercial Mortgage Trust<br>Series 2017-C1, Class XA<br>1.457%, 06/15/2050<sup>(j)</sup> |  | 862 | 9083 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-C2, Class XA<br>1.028%, 08/15/2050<sup>(j)</sup> |  | 1702 | 18425 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-C14, Class XA<br>0.887%, 12/15/2051<sup>(j)</sup> |  | 679 | 13330 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-C15, Class XA<br>0.873%, 12/15/2051<sup>(j)</sup> |  | 551 | 10926 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-C18, Class XA<br>0.976%, 12/15/2052<sup>(j)</sup> |  | 1177 | 31451 |
|  UBS-Barclays Commercial Mortgage Trust<br>Series 2013-C6, Class D<br>3.906%, 04/10/2046<sup>(a)</sup> |  | 69 | 63455 |
|  Wells Fargo Commercial Mortgage Trust<br>Series 2016-LC24, Class XA<br>1.574%, 10/15/2049<sup>(j)</sup> |  | 656 | 2211 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-C48, Class XA<br>0.928%, 01/15/2052<sup>(j)</sup> |  | 709 | 14632 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-C52, Class XA<br>1.564%, 08/15/2052<sup>(j)</sup> |  | 808 | 33828 |
|  WFRBS Commercial Mortgage Trust<br>Series 2011-C4, Class D<br>4.997%, 06/15/2044<sup>(a)</sup> |  | 36 | 35640 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2011-C4, Class E<br>4.997%, 06/15/2044<sup>(a)</sup> | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23898 |
|  |  |  | 960960 |
|  **Non-Agency Floating Rate CMBS – 0.0%** |  |  |  |
|  Starwood Retail Property Trust<br>Series 2014-STAR, Class A<br>6.75% (PRIME 1 Month + 0.00%), 11/15/2027<sup>(a) (h)</sup> |  | 76 | 45898 |
|  Total Commercial Mortgage-Backed Securities<br>(cost $1,113,155) |  |  | 1006858 |
|  **BANK LOANS – 0.2%** |  |  |  |
|  **Industrial – 0.1%** |  |  |  |
|  **Capital Goods – 0.0%** |  |  |  |
|  Chariot Buyer LLC<br>6.423% (CME Term SOFR 1 Month + 2.75%), 09/08/2032<sup>(l)</sup> |  | 10 | 9562 |
|  **Communications - Media – 0.1%** |  |  |  |
|  DIRECTV Financing LLC<br>9.179% (CME Term SOFR 3 Month + 5.25%), 08/02/2029<sup>(l)</sup> |  | 20 | 19613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.580% (CME Term SOFR 3 Month + 5.50%), 02/17/2031<sup>(l)</sup> |  | 79 | 79065 |
|  Radiate Holdco LLC<br>1.500% (PIK Interest 12 + 1.50%), 09/25/2029<sup>(l)</sup> |  | 42 | 36061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.288% (CME Term SOFR 1 Month + 3.50%), 09/25/2029<sup>(l)</sup> |  | 42 | 36061 |
|  |  |  | 170800 |
|  **Technology – 0.0%** |  |  |  |
|  Loyalty Ventures, Inc.<br>14.00% (PRIME 3 Month + 5.50%), 11/03/2027<sup>(d) (e) (f) (g) (l)</sup> |  | 72 | 543 |
|  |  |  | 180905 |
|  **Financial Institutions – 0.1%** |  |  |  |
|  **Financial Services – 0.1%** |  |  |  |
|  Colossus Acquireco LLC<br>5.41% (SOFR 4 + 1.75%), 07/30/2032<sup>(l)</sup> |  | 100 | 99412 |
|  Total Bank Loans<br>(cost $361,284) |  |  | 280317 |
|  | **Shares** | **Shares** |  |
|  **COMMON STOCKS – 0.0%** |  |  |  |
|  **Energy – 0.0%** |  |  |  |
|  **Oil, Gas & Consumable Fuels – 0.0%** |  |  |  |
|  New Fortress Energy, Inc.<sup>(d) (f)</sup><br>(cost $19,137) |  | 2218 | 2417 |

---

------

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **SHORT-TERM INVESTMENTS – 0.8%** |  |  |
|  **Investment Companies – 0.8%** |  |  |
|  AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 3.53%<sup>(m) (n) (o)</sup><br>(cost $1,290,150) | 1290150 | $1290150 |
|  **Total Investments – 100.8%**<br>(cost $167,117,855)<sup>(p)</sup> |  | 168133309 |
|  Other assets less liabilities – (0.8)% |  | (1286768) |
|  **Net Assets – 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166846541 |

---

**FUTURES** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number**<br> **of<br>Contracts** | **Expiration<br>Month** | **Current**<br> **Notional** | **Value and**<br> **Unrealized<br>Appreciation**<br> **(Depreciation)** |
| **Purchased Contracts** | **Purchased Contracts** | **Purchased Contracts** | **Purchased Contracts** | **Purchased Contracts** |
| U.S. T-Note 5 Yr (CBT) Futures | 91 | June 2026 | $10022797 | $51086 |
| U.S. T-Note 10 Yr (CBT) Futures | 34 | June 2026 | 3869625 | 18625 |
| **Sold Contracts** |  |  |  |  |
| U.S. 10 Yr Ultra Futures | 28 | June 2026 | 3268562 | (18375) |
| U.S. Long Bond (CBT) Futures | 5 | June 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;592344 | (4336) |
|  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47000 |

---

**FORWARD CURRENCY EXCHANGE CONTRACTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Contracts to**<br> **Deliver**<br> **(000)** | **Contracts to**<br> **Deliver**<br> **(000)** | **In Exchange**<br> **For**<br> **(000)** | **In Exchange**<br> **For**<br> **(000)** | **Settlement**<br> **Date** | **Unrealized**<br> **Appreciation**<br> **(Depreciation)** |
| State Street Bank & Trust Co. | EUR | 759 | USD | 911 | 04/16/2026 | $13091 |

---

------

**CENTRALLY CLEARED CREDIT DEFAULT SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Fixed**<br> **Rate**<br> **(Pay)**<br> **Receive** | **Payment**<br> **Frequency** | **Implied**<br> **Credit**<br> **Spread at**<br> **February 28,<br>2026** | **Notional**<br> **Amount**<br> **(000)** | **Notional**<br> **Amount**<br> **(000)** | **Market**<br> **Value** | **Upfront<br>Premiums**<br> **Paid**<br> **(Received)** | **Unrealized**<br> **Appreciation**<br> **(Depreciation)** |
| **Buy Contracts** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; iTraxx Australia Series 44, 5 Year Index, 12/20/2030\* | (1.00)% | Quarterly | 0.68% | USD | 2720 | $(43245) | $(40119) | $(3126) |
| **Sale Contracts** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-NAHY Series 45, 5 Year Index,<br> 12/20/2030\* | 5.00 | Quarterly | 3.32 | USD | 3237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20957 |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-NAIG Series 45, 5 Year Index,<br> 12/20/2030\* | 1.00 | Quarterly | 0.56 | USD | 2710 | 57934 | 57561 | 373 |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265331 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247127 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18204 |

---

*\** *Termination date* 

*(a)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At February 28, 2026, the aggregate market value of these securities amounted to $63,772,644 or 38.2% of net assets.* 

*(b)* *Coupon rate adjusts periodically based upon a predetermined schedule. Stated interest rate in effect at February 28, 2026.* 

*(c)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities, which represent 0.49% of net assets as of February 28, 2026, are considered illiquid and restricted. Additional information regarding such securities follows:* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **144A/Restricted & Illiquid Securities** | **Acquisition**<br> **Date** | **Cost** | | **Market**<br> **Value** | | **Percentage**<br> **of**<br> **Net Assets** |
|  *NFE Financing LLC<br>12.00%, 11/15/2029* | *11/22/2024-<br>12/05/2024* | $*244389* | | $*92429* | | *0.06%* |
|  *Short Term Consumer Receivables Issuer Trust Series 2025-1B, Class INV<br>0.00%, 11/20/2035* | *12/02/2025* | *184063* | | *185729* | | *0.11%* |
|  *Tricolor Auto Securitization Trust<br>Series 2025-1A, Class A<br>4.94%, 02/15/2029* | *03/11/2025* | *105005* | | *60650* | | *0.04%* |
|  *Tricolor Auto Securitization Trust<br>Series 2025-2A, Class A<br>5.12%, 01/16/2029* | *06/10/2025* | *546525* | | *331457* | | *0.20%* |
|  *Tricolor Auto Securitization Trust<br>Series 2024-3A, Class A<br>5.22%, 06/15/2028* | *09/18/2025* | *132645* | | *123833* | | *0.07%* |
|  *Tricolor Auto Securitization Trust<br>Series 2024-1A, Class A<br>6.61%, 10/17/2027* | *01/25/2024* | *24707* | | *23265* | | *0.01%* |

---

*(d)* *Fair valued by the Adviser.* 

*(e)* *Security in which significant unobservable inputs (Level 3) were used in determining fair value.* 

*(f)* *Non-income producing security.* 

*(g)* *Defaulted.* 

*(h)* *Floating Rate Security. Stated interest/floor/ceiling rate was in effect at February 28, 2026.* 

------

*(i)* *Pay-In-Kind Payments (PIK). The issuer may pay cash interest and/or interest in additional debt securities. Rates shown are the rates in effect at February 28, 2026.* 

*(j)* *IO - Interest Only.* 

*(k)* *Inverse interest only security.* 

*(l)* *The stated coupon rate represents the greater of the SOFR or an alternate base rate such as the PRIME or the SOFR/PRIME floor rate plus a spread at February 28, 2026.* 

*(m)* *To obtain a copy of the fund's shareholder report, please go to the Securities and Exchange Commission's website at www.sec.gov. Additionally, shareholder reports for AB funds can be obtained by calling AB at (800) 227-4618.* 

*(n)* *The rate shown represents the 7-day yield as of period end.* 

*(o)* *Affiliated investments.* 

*(p)* *As of February 28, 2026, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $1,856,444 and gross unrealized depreciation of investments was $(762,695), resulting in net unrealized appreciation of $1,093,749.* 

*Currency Abbreviations:* 

*EUR* – *Euro* 

*USD* – *United States Dollar* 

*Glossary:* 

*ABS* – *Asset-Backed Securities* 

*CBT* – *Chicago Board of Trade* 

*CDX-NAHY* – *North American High Yield Credit Default Swap Index* 

*CDX-NAIG* – *North American Investment Grade Credit Default Swap Index* 

*CLO* – *Collateralized Loan Obligations* 

*CMBS* – *Commercial Mortgage-Backed Securities* 

*CME – Chicago Mercantile Exchange* 

*PRIME* – *US Bank Prime Loan Rate* 

*REIT* – *Real Estate Investment Trust* 

*REMICs – Real Estate Mortgage Investment Conduits* 

*SOFR* – *Secured Overnight Financing Rate* 

*TBA* – *To Be Announced* 

------

**AB Active ETFs, Inc.** 

**AB Short Duration Income ETF** 

**February 28, 2026 (unaudited)** 

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund's own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates,
prepayment speeds, credit risk, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of
investments)

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3. In addition, non-agency rated investments are classified as Level 3.

Other fixed income investments, including non-U.S. government and corporate debt, are generally valued using quoted market prices, if available, which are typically impacted by current interest rates, maturity dates and any perceived credit risk of the issuer. Additionally, in the absence of quoted market prices, these inputs are used by pricing vendors to derive a valuation based upon industry or proprietary models which incorporate issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are classified as Level 3.

Where readily available market prices or relevant bid prices are not available for certain equity investments, such investments may be valued based on similar publicly traded investments, movements in relevant indices since last available prices or based upon underlying company fundamentals and comparable company data (such as multiples to earnings or other multiples to equity). Where an investment is valued using an observable input, by pricing vendors, such as another publicly traded security, the investment will be classified as Level 2. If management determines that an adjustment is appropriate based on restrictions on resale, illiquidity or uncertainty, and such adjustment is a significant component of the valuation, the investment will be classified as Level 3. An investment will also be classified as Level 3 where management uses company fundamentals and other significant inputs to determine the valuation.

------

Valuations of mortgage-backed or other asset backed securities, by pricing vendors, are based on both proprietary and industry recognized models and discounted cash flow techniques. Significant inputs to the valuation of these instruments are value of the collateral, the rates and timing of delinquencies, the rates and timing of prepayments, and default and loss expectations, which are driven in part by housing prices for residential mortgages. Significant inputs are determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles, including relevant indices. Mortgage and asset backed securities for which management has collected current observable data through pricing services are generally categorized within Level 2. Those investments for which current observable data has not been provided are classified as Level 3.

Bank loan prices are provided by third party pricing services and consist of a composite of the quotes received by the vendor into a consensus price. Certain bank loans are classified as Level 3, as significant input used in the fair value measurement of these instruments is the market quotes that are received by the vendor and these inputs are not observable.

The following table summarizes the valuation of the Fund's investments by the above fair value hierarchy levels as of February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities:** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** | **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Corporates - Investment Grade | $— | $69429450 | $— | $69429450 |
| Governments - Treasuries |  | 43064969 |  | 43064969 |
| Asset-Backed Securities |  | 19414380 | 919993 | 20334373 |
| Corporates - Non-Investment Grade |  | 14353128 |  | 14353128 |
| Collateralized Loan Obligations |  | 8340973 |  | 8340973 |
| Mortgage Pass-Throughs |  | 5641923 |  | 5641923 |
| Collateralized Mortgage Obligations |  | 4388751 |  | 4388751 |
| Commercial Mortgage-Backed Securities |  | 1006858 |  | 1006858 |
| Bank Loans |  | 279774 | 543 | 280317 |
| Common Stocks | 2417 |  |  | 2417 |
| Short-Term Investments | 1290150 |  |  | 1290150 |
| Total Investments in Securities | 1292567 | 165920206 | 920536 | 168133309 |
| **Other Financial Instruments<sup>(a)</sup>:** |  |  |  |  |
| **Assets:** |  |  |  |  |
| Futures | 69711 |  |  | 69711 |
| Forward Currency Exchange Contracts |  | 13091 |  | 13091 |
| Centrally Cleared Credit Default Swaps |  | 308576 |  | 308576 |
| Liabilities: |  |  |  |  |
| Futures | (22711) |  |  | (22711) |
| Centrally Cleared Credit Default Swaps |  | (43245) |  | (43245) |
| **Total** | $**1339567** | $**166198628** | $**920536** | $**168458731** |

---

------

*<sup>(a)</sup>* *Other financial instruments include derivative instruments, such as futures, forwards and swaps. Derivative instruments are valued at the unrealized appreciation (depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, written options and written swaptions which are valued at market value.* 

A summary of the Fund's transactions in AB mutual funds for the three months ended February 28, 2026 is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund** | **Market Value<br>11/30/2025<br>(000)** | **Purchases<br>at Cost<br>(000)** | **Sales<br>Proceeds<br>(000)** | **Market Value<br>02/28/2026<br>(000)** | **Dividend<br>Income<br>(000)** |
| AB Government Money Market Portfolio | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;806 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9862 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9378 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1290 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AB Active ETFs, Inc.

- **b. Investment Company Act file number:** 811-23799

- **c. CIK number of Registrant:** 0001496608

- **d. LEI of Registrant:** 2549006ZG5WBMZRI5P66

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

  - **Street Address 1:** ALLIANCEBERNSTEIN LP

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10001

  - **Telephone number:** 212-969-1000

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

- **a. Name of Series:** AB Short Duration Income ETF

- **b. EDGAR series identifier (if any):** S000083865

- **c. LEI of Series:** 254900HEBI7K3SSDET62

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

- **a. Date of fiscal year-end:** 2026-11-30

- **b. Date as of which information is reported:** 2026-02-28

**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:** $170179407.80

**Total Liabilities:** $3330112.99

**Net Assets:** $166849294.81

**Delayed Delivery Securities:** $659000.00

**Cash Not Reported:** $246553.04

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -485.79000000 | **1-Year:** -8759.77000000 | **5-Year:** -6105.51000000 | **10-Year:** -325.37000000 | **30-Year:** -142.93000000

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

- **3-Month:** -234.72000000 | **1-Year:** -1775.74000000 | **5-Year:** -2941.05000000 | **10-Year:** -119.91000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000247935 | 0.28%                | 0.33%                | 0.67%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $39790.56                | $-166049.08                                |
| Month 2  | $31340.28                | $-125233.43                                |
| Month 3  | $56453.60                | $379035.07                                 |

**Designated Index Information**

- **Index Name:** 65% Bloomberg 1-5 Year US Government/Credit Index + 35% US Corporate High Yield Index

- **Index Identifier:** SecuritiesPortfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JANE STREET GRP/JSG FIN                       | Jane Street Group / JSG Finance Inc                                                                              | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    121000 | PA      | $124142.37    | 0.07%             | 2033-04-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CGQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2375000 | PA      | $2422128.91   | 1.45%             | 2030-02-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                       | Nissan Motor Acceptance Co LLC                                                                                   | CUSIP: 65480CAL9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25055.75     | 0.02%             | 2030-09-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                   | Oracle Corp                                                                                                      | CUSIP: 68389XBU8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    430000 | PA      | $423476.90    | 0.25%             | 2027-04-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                      | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc                                        | CUSIP: 43284MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $43933.95     | 0.03%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                      | Hilcorp Energy I LP / Hilcorp Finance Co                                                                         | CUSIP: 431318AS3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     73000 | PA      | $73634.37     | 0.04%             | 2028-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                          | Enel Finance International NV                                                                                    | CUSIP: 29278GBF4<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    227000 | PA      | $227478.97    | 0.14%             | 2028-09-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trust               | Republic Finance Issuance Trust 2024-B                                                                           | CUSIP: 76042GAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $153205.77    | 0.09%             | 2037-11-20      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                           | Delta Air Lines Inc                                                                                              | CUSIP: 247361A24<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    135000 | PA      | $137226.15    | 0.08%             | 2028-07-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Cherry Securitization Trust                   | Cherry Securitization Trust 2024-1                                                                               | CUSIP: 164737AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $604102.38    | 0.36%             | 2032-04-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                        | Ritchie Bros Holdings Inc                                                                                        | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |    189000 | PA      | $196465.50    | 0.12%             | 2031-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                 | UBS Commercial Mortgage Trust 2018-C15                                                                           | CUSIP: 90278LAZ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    551217 | PA      | $10925.68     | 0.01%             | 2051-12-15      | Variable      | 0.88%                 | No            |                  2 | On Loan: No      |
| VIKING OCEAN CRUISES SHI                      | Viking Ocean Cruises Ship VII Ltd                                                                                | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     14000 | PA      | $14000.00     | 0.01%             | 2029-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                       | Allied Universal Holdco LLC                                                                                      | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    407000 | PA      | $429971.08    | 0.26%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                          | Neptune Bidco US Inc                                                                                             | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |     91000 | PA      | $91275.73     | 0.05%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC   | Barclays Commercial Mortgage Trust 2019-C3                                                                       | CUSIP: 05550MAV6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    913188 | PA      | $30510.90     | 0.02%             | 2052-05-15      | Variable      | 1.31%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                            | Advance Auto Parts Inc                                                                                           | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    237000 | PA      | $242986.62    | 0.15%             | 2030-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                                                                                | CUSIP: 3136ATUC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14096 | PA      | $1765.09      | 0.00%             | 2046-09-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                        | Ritchie Bros Holdings Inc                                                                                        | CUSIP: 76774LAB3<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |    187000 | PA      | $190201.44    | 0.11%             | 2028-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                      | Ford Motor Credit Co LLC                                                                                         | CUSIP: 345397E58<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    383000 | PA      | $394444.04    | 0.24%             | 2029-03-08      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                             | HSBC Holdings PLC                                                                                                | CUSIP: 404280DF3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    613000 | PA      | $618247.28    | 0.37%             | 2028-06-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                        | US 5YR NOTE (CBT) JUN26                                                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       116 | NC      | $66125.05     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTURE GLOBAL LNG INC                        | Venture Global LNG Inc                                                                                           | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    282000 | PA      | $298835.40    | 0.18%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                            | Banco Santander SA                                                                                               | CUSIP: 05964HAN5<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $395108.00    | 0.24%             | 2027-09-14      | Fixed         | 1.72%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                              | AmWINS Group Inc                                                                                                 | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4069.56      | 0.00%             | 2029-02-12      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                        | VICI Properties LP / VICI Note Co Inc                                                                            | CUSIP: 92564RAB1<br>LEI: N/A                  | Long             | DBT              |  | US        |    675000 | PA      | $674061.75    | 0.40%             | 2029-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Verde CLO Ltd                                 | VERDE CLO Ltd                                                                                                    | CUSIP: 92338BAW5<br>LEI: 254900DT3DF8KM5RRZ79 | Long             | ABS-CBDO         | CORP              | KY        |     91190 | PA      | $91202.74     | 0.05%             | 2032-04-15      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                      | 1011778 BC ULC / New Red Finance Inc                                                                             | CUSIP: 68245XAT6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    100000 | PA      | $101771.00    | 0.06%             | 2029-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                           | JPMorgan Chase & Co                                                                                              | CUSIP: 46647PAM8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    635000 | PA      | $629615.20    | 0.38%             | 2029-01-23      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| VELOCITY VEHICLE GROUP                        | Velocity Vehicle Group LLC                                                                                       | CUSIP: 92262TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    253000 | PA      | $239945.20    | 0.14%             | 2029-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                              | Societe Generale SA                                                                                              | CUSIP: 83368RCH3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $204354.00    | 0.12%             | 2029-05-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Alliance Bernstein                            | AB Fixed Income Shares, Inc. - Government Money Market Portfolio                                                 | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |   1290150 | NS      | $1290149.74   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Tricolor Auto Securitization Trust            | Tricolor Auto Securitization Trust 2024-1                                                                        | CUSIP: 89616LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     24708 | PA      | $23265.16     | 0.01%             | 2027-10-15      | Fixed         | 6.61%                 | No            |                  3 | On Loan: No      |
| ANALOG DEVICES INC                            | Analog Devices Inc                                                                                               | CUSIP: 032654BD6<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |    363000 | PA      | $366978.48    | 0.22%             | 2028-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SUMMIT MIDSTREAM HOLDING                      | Summit Midstream Holdings LLC                                                                                    | CUSIP: 86614JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    258000 | PA      | $270095.04    | 0.16%             | 2029-10-31      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| TENNECO INC                                   | Tenneco Inc                                                                                                      | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |     51000 | PA      | $51000.51     | 0.03%             | 2028-11-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PARKER-HANNIFIN CORP                          | Parker-Hannifin Corp                                                                                             | CUSIP: 701094AN4<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |     66000 | PA      | $64689.90     | 0.04%             | 2029-06-14      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                  | Barclays PLC                                                                                                     | CUSIP: 06738EBY0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    450000 | PA      | $458622.00    | 0.27%             | 2028-08-09      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.               | Long: BS36VI8   CDS USD R V 03MEVENT IS36VJ9 CCPITRAXX / Short: BS36VI8   CDS USD P F  1.00000 IS36VI8 CCPITRAXX | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   2720000 | OU      | $-43245.13    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                           | Freddie Mac STACR REMIC Trust 2021-DNA6                                                                          | CUSIP: 35564KKY4<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-MBS          | USGSE             | US        |    114875 | PA      | $115188.46    | 0.07%             | 2041-10-25      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                       | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    112000 | PA      | $130445.28    | 0.08%             | 2033-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                                    | Apidos CLO XXX                                                                                                   | CUSIP: 03768CAN9<br>LEI: 2549001XBZ4DU4T7EC48 | Long             | ABS-CBDO         | CORP              | KY        |     17345 | PA      | $17350.54     | 0.01%             | 2031-10-18      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| LINDBLAD EXPEDITIONS LLC                      | Lindblad Expeditions LLC                                                                                         | CUSIP: 53523LAB6<br>LEI: 549300MPUWOG67Y2R254 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15719.40     | 0.01%             | 2030-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CIRSA FINANCE INTER                           | Cirsa Finance International Sarl                                                                                 | CUSIP: 000000000<br>LEI: 254900KUJN6DHWH2K029 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $122201.30    | 0.07%             | 2029-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Radiate Holdco, LLC                           | Radiate Holdco, LLC First Out Term Loan                                                                          | CUSIP: 75025KAM0<br>LEI: 5493000GQJ5RDX9DNJ71 | Long             | LON              | CORP              | US        |     83298 | PA      | $72122.06     | 0.04%             | 2029-09-25      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                              | Altria Group Inc                                                                                                 | CUSIP: 02209SBJ1<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    466000 | PA      | $453422.66    | 0.27%             | 2030-05-06      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                        | Mitsubishi UFJ Financial Group Inc                                                                               | CUSIP: 606822CC6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    487000 | PA      | $480289.14    | 0.29%             | 2028-01-19      | Fixed         | 2.34%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust    | JPMBB Commercial Mortgage Securities Trust 2013-C14                                                              | CUSIP: 46640LAN2<br>LEI: 549300UOGMFS1M8XVM16 | Long             | ABS-MBS          | CORP              | US        |     75000 | PA      | $59254.50     | 0.04%             | 2046-08-15      | Variable      | 4.04%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Bonds                                                                                              | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    145000 | PA      | $148647.66    | 0.09%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO1, LTD       | Goldentree Loan Management US Clo 8 Ltd                                                                          | CUSIP: 38136NAY2<br>LEI: 549300LOEERRNVSKVY31 | Long             | ABS-CBDO         | CORP              | KY        |    450000 | PA      | $450390.60    | 0.27%             | 2034-10-20      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                       | Hyundai Capital America                                                                                          | CUSIP: 44891ADF1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35153.30     | 0.02%             | 2027-09-24      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trust               | CFCRE Commercial Mortgage Trust 2017-C8                                                                          | CUSIP: 12532CBE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250974 | PA      | $2565.81      | 0.00%             | 2050-06-15      | Variable      | 1.47%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                       | Hyundai Capital America                                                                                          | CUSIP: 44891ACX3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    322000 | PA      | $326401.74    | 0.20%             | 2027-03-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                             | Post Holdings Inc                                                                                                | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     26000 | PA      | $26749.32     | 0.02%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CNP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    272000 | PA      | $273593.75    | 0.16%             | 2027-07-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SLM CORP                                      | SLM Corp                                                                                                         | CUSIP: 78442PGE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     23000 | PA      | $22666.50     | 0.01%             | 2026-11-02      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                           | Buckeye Partners LP                                                                                              | CUSIP: 118230AV3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    149000 | PA      | $154581.54    | 0.09%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                              | T-Mobile USA Inc                                                                                                 | CUSIP: 87264ABD6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    417000 | PA      | $416495.43    | 0.25%             | 2027-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust         | Wells Fargo Commercial Mortgage Trust 2019-C52                                                                   | CUSIP: 95002MAY5<br>LEI: 549300PX4QZK7CUM8D08 | Long             | ABS-MBS          | CORP              | US        |    808047 | PA      | $33828.33     | 0.02%             | 2052-08-15      | Variable      | 1.56%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                | Gray Media Inc                                                                                                   | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     78000 | PA      | $83657.34     | 0.05%             | 2029-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                           | Axon Enterprise Inc                                                                                              | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     66000 | PA      | $68465.10     | 0.04%             | 2033-03-05      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                               | AdaptHealth LLC                                                                                                  | CUSIP: 00653VAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    263000 | PA      | $253516.22    | 0.15%             | 2030-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                      | Vistra Operations Co LLC                                                                                         | CUSIP: 92840VAE2<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    207000 | PA      | $207095.22    | 0.12%             | 2029-07-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust            | Regional Management Issuance Trust 2024-2                                                                        | CUSIP: 75907AAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    220000 | PA      | $221366.16    | 0.13%             | 2033-12-15      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                      | Ford Motor Credit Co LLC                                                                                         | CUSIP: 345397YT4<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    219000 | PA      | $217212.96    | 0.13%             | 2027-11-02      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                       | Dell International LLC / EMC Corp                                                                                | CUSIP: 24703DBJ9<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    146000 | PA      | $149318.58    | 0.09%             | 2028-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                        | Standard Chartered PLC                                                                                           | CUSIP: 85325C2D3<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    236000 | PA      | $242081.72    | 0.15%             | 2029-01-21      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD               | Golub Capital Partners CLO 50B-R Ltd                                                                             | CUSIP: 38178DAN7<br>LEI: 254900N3E7Y6I5DRGW52 | Long             | ABS-CBDO         | CORP              | JE        |    310000 | PA      | $310634.88    | 0.19%             | 2035-04-20      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                    | Fiserv Inc                                                                                                       | CUSIP: 337738BJ6<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    253000 | PA      | $255436.39    | 0.15%             | 2027-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust         | Wells Fargo Commercial Mortgage Trust 2018-C48                                                                   | CUSIP: 95001RAY5<br>LEI: 549300REQJRID6TODX95 | Long             | ABS-MBS          | CORP              | US        |    709027 | PA      | $14631.70     | 0.01%             | 2052-01-15      | Variable      | 0.93%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                               | CVS Health Corp                                                                                                  | CUSIP: 126650DH0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    283000 | PA      | $282049.12    | 0.17%             | 2027-04-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| WEA FINANCE LLC                               | WEA Finance LLC                                                                                                  | CUSIP: 92928QAF5<br>LEI: 3CYEJKBUJZO3UW777J80 | Long             | DBT              |  | US        |    649000 | PA      | $632716.59    | 0.38%             | 2029-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                      | EQT Corp                                                                                                         | CUSIP: 26884LAF6<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    560000 | PA      | $558880.00    | 0.33%             | 2027-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                                                                               | CUSIP: 3137BDA55<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     62615 | PA      | $7196.12      | 0.00%             | 2044-08-15      | Floating      | 2.33%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                | Morgan Stanley                                                                                                   | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    497000 | PA      | $505985.76    | 0.30%             | 2029-04-12      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC                             | Expedia Group Inc                                                                                                | CUSIP: 30212PAP0<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | DBT              | CORP              | US        |    558000 | PA      | $555260.22    | 0.33%             | 2028-02-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                         | Tenet Healthcare Corp                                                                                            | CUSIP: 88033GDM9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    202000 | PA      | $198687.20    | 0.12%             | 2029-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                      | Brookfield Residential Properties Inc / Brookfield Residential US LLC                                            | CUSIP: 11283YAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     86000 | PA      | $86028.38     | 0.05%             | 2027-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Santander Mortgage Asset Receivable Trust     | Santander Mortgage Asset Receivable Trust 2026-NQM1                                                              | CUSIP: 802931AC9<br>LEI: 254900O64LWPVM9P8N80 | Long             | ABS-MBS          | CORP              | US        |    226890 | PA      | $227466.79    | 0.14%             | 2065-11-25      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                | Var Energi ASA                                                                                                   | CUSIP: 92212WAF7<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    200000 | PA      | $210008.00    | 0.13%             | 2030-05-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                      | RTX Corp                                                                                                         | CUSIP: 75513ECH2<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    202000 | PA      | $201406.12    | 0.12%             | 2027-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                     | Towd Point Mortgage Trust 2026-FIX1                                                                              | CUSIP: 89183TAA6<br>LEI: 254900HMDJT9KG22DU68 | Long             | ABS-O            | CORP              | US        |    227058 | PA      | $228526.20    | 0.14%             | 2065-12-25      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE                        | Westinghouse Air Brake Technologies Corp                                                                         | CUSIP: 960386AL4<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    444000 | PA      | $442050.84    | 0.26%             | 2026-11-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                   | Oracle Corp                                                                                                      | CUSIP: 68389XBN4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    187000 | PA      | $183688.23    | 0.11%             | 2027-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                  | Broadcom Inc                                                                                                     | CUSIP: 11135FBA8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255722.50    | 0.15%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                         | Quikrete Holdings Inc                                                                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     47000 | PA      | $48853.68     | 0.03%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                      | Graphic Packaging International LLC                                                                              | CUSIP: 38869AAB3<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    125000 | PA      | $121516.25    | 0.07%             | 2028-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                        | Delek Logistics Partners LP / Delek Logistics Finance Corp                                                       | CUSIP: 24665FAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    112000 | PA      | $117012.00    | 0.07%             | 2029-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| ACM Auto Trust                                | ACM Auto Trust 2025-2                                                                                            | CUSIP: 00161TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    271575 | PA      | $271979.25    | 0.16%             | 2028-06-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| FinBe USA Trust                               | FinBe USA Trust 2025-1                                                                                           | CUSIP: 317967AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    315675 | PA      | $315841.82    | 0.19%             | 2028-12-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CLC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2591000 | PA      | $2638974.00   | 1.58%             | 2029-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                      | Capital One Financial Corp                                                                                       | CUSIP: 14040HCH6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    643000 | PA      | $632937.05    | 0.38%             | 2027-11-02      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CPB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1102000 | PA      | $1103205.31   | 0.66%             | 2027-09-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                | CPS Auto Receivables Trust 2026-A                                                                                | CUSIP: 22410MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    364578 | PA      | $364764.22    | 0.22%             | 2029-12-17      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                              | Trinitas CLO XXX Ltd                                                                                             | CUSIP: 89643DAA5<br>LEI: 254900TSX6348DURD845 | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $401186.40    | 0.24%             | 2037-10-23      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                               | Gen Digital Inc                                                                                                  | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |     42000 | PA      | $42401.10     | 0.03%             | 2027-09-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                     | Sunoco LP                                                                                                        | CUSIP: 86765KAB5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    389000 | PA      | $403610.84    | 0.24%             | 2029-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Bonds                                                                                              | CUSIP: 912810UN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     77000 | PA      | $80104.06     | 0.05%             | 2045-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PARKER-HANNIFIN CORP                          | Parker-Hannifin Corp                                                                                             | CUSIP: 701094AR5<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |    496000 | PA      | $499100.00    | 0.30%             | 2027-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                      | RTX Corp                                                                                                         | CUSIP: 75513EAD3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    322000 | PA      | $300058.92    | 0.18%             | 2030-07-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                         | McGraw-Hill Education Inc                                                                                        | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |     26000 | PA      | $25988.04     | 0.02%             | 2028-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CNV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2949000 | PA      | $2956833.28   | 1.77%             | 2027-08-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Bank                                          | BANK 2020-BNK28                                                                                                  | CUSIP: 06540YAN9<br>LEI: 549300664283JRAXM588 | Long             | ABS-MBS          | CORP              | US        |   1994175 | PA      | $127554.00    | 0.08%             | 2063-03-15      | Variable      | 1.76%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                  | CaixaBank SA                                                                                                     | CUSIP: 12803RAA2<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    343000 | PA      | $355961.97    | 0.21%             | 2029-01-18      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                     | Uniform Mortgage-Backed Security, TBA                                                                            | CUSIP: 01F052631<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1212853 | PA      | $1232372.41   | 0.74%             | 2056-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                        | American Honda Finance Corp                                                                                      | CUSIP: 02665WFT3<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    290000 | PA      | $292737.60    | 0.18%             | 2027-10-22      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                               | McDonald's Corp                                                                                                  | CUSIP: 58013MFX7<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    255000 | PA      | $263664.90    | 0.16%             | 2029-05-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust         | Mission Lane Credit Card Master Trust                                                                            | CUSIP: 60510MBU1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    371000 | PA      | $373579.19    | 0.22%             | 2031-09-15      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| RALPH LAUREN CORP                             | Ralph Lauren Corp                                                                                                | CUSIP: 731572AB9<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | DBT              | CORP              | US        |    423000 | PA      | $405301.68    | 0.24%             | 2030-06-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                   | Walmart Inc                                                                                                      | CUSIP: 931142FB4<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    649000 | PA      | $652751.22    | 0.39%             | 2028-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                       | Imperial Brands Finance PLC                                                                                      | CUSIP: 45262BAB9<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    376000 | PA      | $374973.52    | 0.22%             | 2026-07-26      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| XPO INC                                       | XPO Inc                                                                                                          | CUSIP: 98379KAA0<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    600000 | PA      | $611094.00    | 0.37%             | 2028-05-17      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                          | Las Vegas Sands Corp                                                                                             | CUSIP: 517834AE7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    424000 | PA      | $422278.56    | 0.25%             | 2026-08-18      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                        | Goodyear Tire & Rubber Co/The                                                                                    | CUSIP: 382550BJ9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    138000 | PA      | $132314.40    | 0.08%             | 2031-04-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                          | Enel Finance International NV                                                                                    | CUSIP: 29278GAN8<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    474000 | PA      | $453693.84    | 0.27%             | 2028-07-12      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC                           | Oportun Issuance Trust 2025-B                                                                                    | CUSIP: 68378QAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $603464.16    | 0.36%             | 2033-05-09      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                          | Garda World Security Corp                                                                                        | CUSIP: 36485MAM1<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |     48000 | PA      | $49021.92     | 0.03%             | 2028-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                      | Lloyds Banking Group PLC                                                                                         | CUSIP: 539439AY5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    175000 | PA      | $176470.00    | 0.11%             | 2027-08-07      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Verdant Receivables LLC                       | Verdant Receivables 2023-1 LLC                                                                                   | CUSIP: 92339GAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    186241 | PA      | $189322.94    | 0.11%             | 2031-01-13      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                             | Magnetite Xli Ltd                                                                                                | CUSIP: 55956AAA3<br>LEI: 529900IDXPZZY6034K03 | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $601945.20    | 0.36%             | 2038-01-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                     | ONEOK Inc                                                                                                        | CUSIP: 682680AU7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    473000 | PA      | $478188.81    | 0.29%             | 2028-07-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                                                                               | CUSIP: 3137FNJF8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     46126 | PA      | $8727.95      | 0.01%             | 2041-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Lendmark Funding Trust                        | Lendmark Funding Trust 2024-1                                                                                    | CUSIP: 52603DAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $303320.07    | 0.18%             | 2032-06-21      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust                | Upgrade Master Pass-Thru Trust Series 2025-ST6                                                                   | CUSIP: 91533QAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    246982 | PA      | $247436.34    | 0.15%             | 2032-10-15      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                               | Danske Bank A/S                                                                                                  | CUSIP: 23636ABC4<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |    451000 | PA      | $452718.31    | 0.27%             | 2028-04-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CPM7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1538000 | PA      | $1542085.31   | 0.92%             | 2032-11-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Dext ABS                                      | Dext ABS 2023-1 LLC                                                                                              | CUSIP: 25216BAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     27330 | PA      | $27452.18     | 0.02%             | 2032-03-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                                                  | CUSIP: 31418E7B0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    707136 | PA      | $726397.99    | 0.44%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust           | Citigroup Commercial Mortgage Trust 2016-GC36                                                                    | CUSIP: 17324TAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     42892 | PA      | $42493.33     | 0.03%             | 2049-02-10      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC                           | Oportun Issuance Trust 2025-C                                                                                    | CUSIP: 68378RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $601565.94    | 0.36%             | 2033-07-08      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                        | Philip Morris International Inc                                                                                  | CUSIP: 718172DA4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    190000 | PA      | $197326.40    | 0.12%             | 2030-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| VERSANT MEDIA GROUP INC                       | Versant Media Group Inc                                                                                          | CUSIP: 925283AA1<br>LEI: 254900D2Q5F5F229PU30 | Long             | DBT              | CORP              | US        |     66000 | PA      | $67559.58     | 0.04%             | 2031-01-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                         | Directv Financing LLC / Directv Financing Co-Obligor Inc                                                         | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    124000 | PA      | $126828.44    | 0.08%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trust               | CFCRE Commercial Mortgage Trust 2016-C4                                                                          | CUSIP: 12531YAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14691 | PA      | $1.84         | 0.00%             | 2058-05-10      | Variable      | 1.57%                 | No            |                  2 | On Loan: No      |
| MOLSON COORS BEVERAGE                         | Molson Coors Beverage Co                                                                                         | CUSIP: 60871RAG5<br>LEI: 54930073LBBH6ZCBE225 | Long             | DBT              | CORP              | US        |    393000 | PA      | $391486.95    | 0.23%             | 2026-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization Trust            | Tricolor Auto Securitization Trust                                                                               | CUSIP: 89617QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    546541 | PA      | $331457.25    | 0.20%             | 2029-01-16      | Fixed         | 5.12%                 | No            |                  3 | On Loan: No      |
| DIRECTV FIN LLC/COINC                         | Directv Financing LLC / Directv Financing Co-Obligor Inc                                                         | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $35068.25     | 0.02%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                            | Banco Santander SA                                                                                               | CUSIP: 05964HAB1<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | US        |    400000 | PA      | $400716.00    | 0.24%             | 2027-04-11      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                  | GS Mortgage Securities Trust 2019-GC39                                                                           | CUSIP: 36260JAF4<br>LEI: 549300WF5YRKNHB1FX69 | Long             | ABS-MBS          | CORP              | US        |   3475954 | PA      | $101625.44    | 0.06%             | 2052-05-10      | Variable      | 1.09%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                             | Newell Brands Inc                                                                                                | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     52000 | PA      | $54730.52     | 0.03%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                       | Royal Caribbean Cruises Ltd                                                                                      | CUSIP: 780153BJ0<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     31000 | PA      | $31000.00     | 0.02%             | 2026-08-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CMP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    176000 | PA      | $177017.50    | 0.11%             | 2027-02-28      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust I    | Research-Driven Pagaya Motor Asset Trust 2023-4                                                                  | CUSIP: 76089HAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    275828 | PA      | $277112.18    | 0.17%             | 2033-03-25      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                             | General Motors Co                                                                                                | CUSIP: 37045VAS9<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    300000 | PA      | $305967.00    | 0.18%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                | Mastercard Inc                                                                                                   | CUSIP: 57636QAM6<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    170000 | PA      | $165578.30    | 0.10%             | 2029-06-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CNN7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3498000 | PA      | $3552929.55   | 2.13%             | 2030-07-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                         | Palmer Square Clo 2026-1 Ltd                                                                                     | CUSIP: 69704JAA0<br>LEI: 254900Y6UZ4R7YTZ7E82 | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300136.20    | 0.18%             | 2039-04-20      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                            | Bausch + Lomb Corp                                                                                               | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |     57000 | PA      | $59228.70     | 0.04%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                 | Lendbuzz Securitization Trust 2024-1                                                                             | CUSIP: 525935AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     72015 | PA      | $72418.54     | 0.04%             | 2029-08-15      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.               | Long: SS37288   CDS USD R F  5.00000 IS37288 CCPCDX / Short: SS37288   CDS USD P V 03MEVENT IS37299 CCPCDX       | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   3237300 | OU      | $250642.65    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CPF2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1700000 | PA      | $1705046.88   | 1.02%             | 2032-10-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MPH ACQUISITION HOLDINGS                      | MPH Acquisition Holdings LLC                                                                                     | CUSIP: 553283AF9<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |      8105 | PA      | $7898.73      | 0.00%             | 2030-12-31      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust I    | Research-Driven Pagaya Motor Trust 2024-1                                                                        | CUSIP: 76088YAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     35221 | PA      | $35291.12     | 0.02%             | 2032-06-25      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| WOODSIDE FINANCE LTD                          | Woodside Finance Ltd                                                                                             | CUSIP: 980236AQ6<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |    290000 | PA      | $292128.60    | 0.18%             | 2029-03-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                           | Churchill Downs Inc                                                                                              | CUSIP: 171484AE8<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |     97000 | PA      | $96685.72     | 0.06%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                  | Barclays PLC                                                                                                     | CUSIP: 06738ECT0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    401000 | PA      | $405226.54    | 0.24%             | 2028-09-10      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                            | Energy Transfer LP                                                                                               | CUSIP: 86765BAU3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500650.00    | 0.30%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                                                  | CUSIP: 31418FCH8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    704341 | PA      | $723031.44    | 0.43%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TAKEDA PHARMACEUTICAL                         | Takeda Pharmaceutical Co Ltd                                                                                     | CUSIP: 874060AW6<br>LEI: 549300ZLMVP4X0OGR454 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $204722.00    | 0.12%             | 2028-11-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Street Master Trust                   | Capital Street Master Trust                                                                                      | CUSIP: 14051LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     62098 | PA      | $62138.20     | 0.04%             | 2028-10-16      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| ESAB CORP                                     | Esab Corp                                                                                                        | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |    121000 | PA      | $124201.66    | 0.07%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Avant Loans Funding Trust                     | Avant Loans Funding Trust 2026-REV1                                                                              | CUSIP: 05359NAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    253000 | PA      | $253127.36    | 0.15%             | 2036-05-15      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                 | Boeing Co/The                                                                                                    | CUSIP: 097023DP7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    104000 | PA      | $106549.04    | 0.06%             | 2027-05-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| AMER SPORTS COMPANY                           | Amer Sports Co                                                                                                   | CUSIP: 02352NAA7<br>LEI: 549300NRKH9WF70VFC95 | Long             | DBT              | CORP              | US        |     61000 | PA      | $63643.74     | 0.04%             | 2031-02-06      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                          | Garda World Security Corp                                                                                        | CUSIP: 36485MAL3<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |     51000 | PA      | $49981.02     | 0.03%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                                    | VMware LLC                                                                                                       | CUSIP: 928563AK1<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    195000 | PA      | $185407.95    | 0.11%             | 2028-08-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC                           | Reach ABS Trust 2025-2                                                                                           | CUSIP: 75525QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    267479 | PA      | $268695.23    | 0.16%             | 2032-08-18      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                        | US 10YR NOTE (CBT)JUN26                                                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        34 | NC      | $18625.02     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| IRON MOUNTAIN INC                             | Iron Mountain Inc                                                                                                | CUSIP: 46284VAG6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |     76000 | PA      | $75822.16     | 0.05%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                              | Societe Generale SA                                                                                              | CUSIP: 83368RBV3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    443000 | PA      | $448440.04    | 0.27%             | 2028-01-19      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| BHP BILLITON FIN USA LTD                      | BHP Billiton Finance USA Ltd                                                                                     | CUSIP: 055451AZ1<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |    570000 | PA      | $580550.70    | 0.35%             | 2028-02-28      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                 | Citigroup Inc                                                                                                    | CUSIP: 172967NS6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    118000 | PA      | $118849.60    | 0.07%             | 2028-05-24      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                  | US Foods Inc                                                                                                     | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    522000 | PA      | $519280.38    | 0.31%             | 2029-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                                                                                | CUSIP: 3136A4F79<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10866 | PA      | $132.14       | 0.00%             | 2041-03-25      | Floating      | 2.77%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                           | Synchrony Financial                                                                                              | CUSIP: 87165BAU7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    179000 | PA      | $188848.58    | 0.11%             | 2033-02-02      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                            | Credit Agricole SA                                                                                               | CUSIP: 22535WAP2<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    275000 | PA      | $280725.50    | 0.17%             | 2029-01-09      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust         | Mission Lane Credit Card Master Trust                                                                            | CUSIP: 60510MBK3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $605407.08    | 0.36%             | 2030-05-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CNE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    254000 | PA      | $255200.55    | 0.15%             | 2027-05-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited              | Bain Capital Credit CLO 2021-4 Ltd                                                                               | CUSIP: 05685ABA5<br>LEI: 254900YJBP8866ZPO033 | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $350017.15    | 0.21%             | 2034-10-20      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| BAT INTL FINANCE PLC                          | BAT International Finance PLC                                                                                    | CUSIP: 05530QAN0<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |    431000 | PA      | $430073.35    | 0.26%             | 2026-03-25      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                                                                                | CUSIP: 3136B5WA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26690 | PA      | $3083.51      | 0.00%             | 2049-08-25      | Floating      | 2.27%                 | No            |                  2 | On Loan: No      |
| HCA INC                                       | HCA Inc                                                                                                          | CUSIP: 404119CP2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    299000 | PA      | $306373.34    | 0.18%             | 2028-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| TRINITY INDUSTRIES INC                        | Trinity Industries Inc                                                                                           | CUSIP: 896522AJ8<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | DBT              | CORP              | US        |     22000 | PA      | $22654.28     | 0.01%             | 2028-07-03      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP                         | Bank of Ireland Group PLC                                                                                        | CUSIP: 06279JAD1<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |    464000 | PA      | $483641.12    | 0.29%             | 2030-03-20      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                | Morgan Stanley                                                                                                   | CUSIP: 61747YER2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    366000 | PA      | $366684.42    | 0.22%             | 2028-04-20      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORP                          | CITGO Petroleum Corp                                                                                             | CUSIP: 17302XAN6<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |    186000 | PA      | $193144.26    | 0.12%             | 2029-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                     | Sunoco LP                                                                                                        | CUSIP: 86765KAM1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     47000 | PA      | $47076.14     | 0.03%             | 2031-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                      | Hess Midstream Operations LP                                                                                     | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    172000 | PA      | $174906.80    | 0.10%             | 2028-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                 | Lendbuzz Securitization Trust 2023-2                                                                             | CUSIP: 52608MAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     47263 | PA      | $47847.22     | 0.03%             | 2028-10-16      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                           | NuStar Logistics LP                                                                                              | CUSIP: 67059TAE5<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    312000 | PA      | $314948.40    | 0.19%             | 2027-04-28      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SANTOS FINANCE LTD                            | Santos Finance Ltd                                                                                               | CUSIP: 000000000<br>LEI: 213800BKUBSWG53XNS94 | Long             | DBT              | CORP              | AU        |    632000 | PA      | $630628.56    | 0.38%             | 2027-09-14      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| DH EUROPE FINANCE II                          | DH Europe Finance II Sarl                                                                                        | CUSIP: 23291KAH8<br>LEI: 222100KDGL314CKTZ511 | Long             | DBT              | CORP              | LU        |    490000 | PA      | $467219.90    | 0.28%             | 2029-11-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES                         | Continental Resources Inc/OK                                                                                     | CUSIP: 212015AS0<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |    295000 | PA      | $295418.90    | 0.18%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                      | 1011778 BC ULC / New Red Finance Inc                                                                             | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     17000 | PA      | $16787.67     | 0.01%             | 2028-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                       | Dryden 113 CLO Ltd                                                                                               | CUSIP: 26253EBK3<br>LEI: 254900XN9Y85HJGYJ219 | Long             | ABS-CBDO         | CORP              | JE        |    680000 | PA      | $681138.32    | 0.41%             | 2037-10-15      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                    | Affirm Asset Securitization Trust 2025-X2                                                                        | CUSIP: 00835DAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    267109 | PA      | $267415.37    | 0.16%             | 2030-10-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Chariot Buyer LLC                             | Chariot Buyer LLC Refinancing Term Loan (First Lien)                                                             | CUSIP: 15963CAE6<br>LEI: 25490092IFNOZBRVE539 | Long             | LON              | CORP              | US        |      9602 | PA      | $9562.47      | 0.01%             | 2032-09-08      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                      | Permian Resources Operating LLC                                                                                  | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    197000 | PA      | $197656.01    | 0.12%             | 2029-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                              | BAT Capital Corp                                                                                                 | CUSIP: 05526DBB0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    124000 | PA      | $123362.64    | 0.07%             | 2027-08-15      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| Cherry Securitization Trust                   | Cherry Securitization Trust 2025-1                                                                               | CUSIP: 16473RAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $406907.48    | 0.24%             | 2032-11-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                       | Hyundai Capital America                                                                                          | CUSIP: 44891ADG9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     38000 | PA      | $38530.10     | 0.02%             | 2029-09-26      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                        | Williams Cos Inc/The                                                                                             | CUSIP: 96949LAD7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    580000 | PA      | $578700.80    | 0.35%             | 2027-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Grantor Trust                  | Pagaya AI Debt Grantor Trust 2024-S1                                                                             | CUSIP: 694963AE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     98031 | PA      | $98413.83     | 0.06%             | 2031-09-15      | Variable      | 7.29%                 | No            |                  3 | On Loan: No      |
| Cross Mortgage Trust                          | Cross 2025-H10 Mortgage Trust                                                                                    | CUSIP: 22758YAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    218600 | PA      | $219332.00    | 0.13%             | 2071-01-25      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                      | RTX Corp                                                                                                         | CUSIP: 913017CY3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40239.20     | 0.02%             | 2028-11-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                  | UBS Group AG                                                                                                     | CUSIP: 902613AS7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    367000 | PA      | $367385.35    | 0.22%             | 2027-08-05      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                     | Ball Corp                                                                                                        | CUSIP: 058498AZ9<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    300000 | PA      | $309246.00    | 0.19%             | 2029-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                  | Barclays PLC                                                                                                     | CUSIP: 06738EBU8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $197384.00    | 0.12%             | 2027-11-24      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC   | BBCMS MORTGAGE TRUST 2017-C1                                                                                     | CUSIP: 07332VBJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1141043 | PA      | $8027.01      | 0.00%             | 2050-02-15      | Variable      | 1.45%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                | Pagaya AI Debt Trust 2024-3                                                                                      | CUSIP: 69547XAA0<br>LEI: 254900ULYEY0HX0PKA54 | Long             | ABS-O            | CORP              | US        |     32524 | PA      | $32552.21     | 0.02%             | 2031-10-15      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| ANGI GROUP LLC                                | ANGI Group LLC                                                                                                   | CUSIP: 001846AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    127000 | PA      | $113990.12    | 0.07%             | 2028-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                     | Boeing Co/The                                                                                                    | CUSIP: 097023DB8<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    272000 | PA      | $268776.80    | 0.16%             | 2028-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CKD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1190000 | PA      | $1218727.35   | 0.73%             | 2029-02-28      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                             | General Motors Co                                                                                                | CUSIP: 37045VAN0<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    394000 | PA      | $394803.76    | 0.24%             | 2027-10-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                | Morgan Stanley                                                                                                   | CUSIP: 61747YFP5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    601000 | PA      | $611721.84    | 0.37%             | 2028-04-13      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                        | US 10YR ULTRA FUT JUN26                                                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -28 | NC      | $-18374.99    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| BECTON DICKINSON & CO                         | Becton Dickinson & Co                                                                                            | CUSIP: 075887CQ0<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    498000 | PA      | $504444.12    | 0.30%             | 2028-02-13      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US                      | Sealed Air Corp/Sealed Air Corp US                                                                               | CUSIP: 812127AA6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |     27000 | PA      | $27382.05     | 0.02%             | 2028-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| EquipmentShare                                | OWN Equipment Fund II LLC                                                                                        | CUSIP: 690912AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    543746 | PA      | $551889.04    | 0.33%             | 2033-09-26      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                | Pagaya AI Debt Trust 2024-2                                                                                      | CUSIP: 694961AA1<br>LEI: 254900ULYEY0HX0PKA54 | Long             | ABS-O            | CORP              | US        |     37266 | PA      | $37301.38     | 0.02%             | 2031-08-15      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                  | GS Mortgage Securities Trust 2017-GS5                                                                            | CUSIP: 36252HAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1380301 | PA      | $7897.80      | 0.00%             | 2050-03-10      | Variable      | 0.82%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                        | Arsenal AIC Parent LLC                                                                                           | CUSIP: 04288BAB6<br>LEI: 254900G9F9HA5EP57J39 | Long             | DBT              | CORP              | US        |     38000 | PA      | $40145.48     | 0.02%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                           | Axon Enterprise Inc                                                                                              | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     85000 | PA      | $87867.05     | 0.05%             | 2030-03-05      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ASP UNIFRAX HOLDINGS INC                      | ASP Unifrax Holdings Inc                                                                                         | CUSIP: 00218LAH4<br>LEI: 549300RRU6BWJLD0YT71 | Long             | DBT              | CORP              | US        |      9140 | PA      | $639.71       | 0.00%             | 2029-09-30      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                 | PURCHASED USD / SOLD EUR                                                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $13090.51     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust                  | Upstart Securitization Trust 2023-3                                                                              | CUSIP: 91684MAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4531 | PA      | $4539.33      | 0.00%             | 2033-10-20      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                      | Capital One Financial Corp                                                                                       | CUSIP: 14040HCS2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    280000 | PA      | $282769.20    | 0.17%             | 2028-05-10      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                        | American Honda Finance Corp                                                                                      | CUSIP: 02665WDW8<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    457000 | PA      | $440017.88    | 0.26%             | 2028-03-24      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                        | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC                                            | CUSIP: 01309QAA6<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    114000 | PA      | $116007.54    | 0.07%             | 2028-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                           | Delta Air Lines Inc                                                                                              | CUSIP: 247361A32<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    614000 | PA      | $633138.38    | 0.38%             | 2030-07-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DIRECTV Financing, LLC                        | DIRECTV Financing, LLC 2025 Incremental Term B Loan                                                              | CUSIP: 25460HAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     79200 | PA      | $79065.37     | 0.05%             | 2031-02-17      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| ANALOG DEVICES INC                            | Analog Devices Inc                                                                                               | CUSIP: 032654AU9<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |    250000 | PA      | $237350.00    | 0.14%             | 2028-10-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                        | American Honda Finance Corp                                                                                      | CUSIP: 02665WEV9<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    347000 | PA      | $362032.04    | 0.22%             | 2028-11-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| NEWMARK GROUP INC                             | Newmark Group Inc                                                                                                | CUSIP: 65158NAD4<br>LEI: N/A                  | Long             | DBT              |  | US        |    260000 | PA      | $276634.80    | 0.17%             | 2029-01-12      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                | NRG Energy Inc                                                                                                   | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    272000 | PA      | $272641.92    | 0.16%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                       | Hyundai Capital America                                                                                          | CUSIP: 44891AEA1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     71000 | PA      | $71569.42     | 0.04%             | 2030-09-18      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                       | Hyundai Capital America                                                                                          | CUSIP: 44891ACT2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25269.75     | 0.02%             | 2027-01-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NFE FINANCING LLC                             | NFE Financing LLC                                                                                                | CUSIP: 62909BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    255717 | PA      | $92428.91     | 0.06%             | 2029-11-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                      | Univision Communications Inc                                                                                     | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    196000 | PA      | $201629.12    | 0.12%             | 2028-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                              | GGAM Finance Ltd                                                                                                 | CUSIP: 36170JAA4<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |     77000 | PA      | $81058.67     | 0.05%             | 2028-05-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                                                                                | CUSIP: 3136AR4Q8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     89528 | PA      | $11733.72     | 0.01%             | 2046-05-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                            | Energy Transfer LP                                                                                               | CUSIP: 29278NAN3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    345000 | PA      | $350237.10    | 0.21%             | 2027-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                      | Rogers Communications Inc                                                                                        | CUSIP: 775109CG4<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    629000 | PA      | $624307.66    | 0.37%             | 2027-03-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                  | Barclays PLC                                                                                                     | CUSIP: 06738EDD4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $201518.00    | 0.12%             | 2029-11-11      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                      | RTX Corp                                                                                                         | CUSIP: 75513ECT6<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    421000 | PA      | $425134.22    | 0.25%             | 2026-11-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                     | Uniform Mortgage-Backed Security, TBA                                                                            | CUSIP: 01F040636<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    488192 | PA      | $474518.82    | 0.28%             | 2056-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                      | Neuberger Berman Loan Advisers CLO 47 Ltd                                                                        | CUSIP: 64135DAJ4<br>LEI: 549300JRWXK6DFJD7D06 | Long             | ABS-CBDO         | CORP              | KY        |    738000 | PA      | $738963.09    | 0.44%             | 2035-04-16      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust | JP Morgan Chase Commercial Mortgage Securities Trust 2013-LC11                                                   | CUSIP: 46639YAV9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9966 | PA      | $9709.47      | 0.01%             | 2046-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TAKEDA PHARMACEUTICAL                         | Takeda Pharmaceutical Co Ltd                                                                                     | CUSIP: 874060AX4<br>LEI: 549300ZLMVP4X0OGR454 | Long             | DBT              | CORP              | JP        |    503000 | PA      | $464203.61    | 0.28%             | 2030-03-31      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                        | Philip Morris International Inc                                                                                  | CUSIP: 718172DM8<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    126000 | PA      | $127248.66    | 0.08%             | 2027-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC                                | AutoNation Inc                                                                                                   | CUSIP: 05329WAU6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    148000 | PA      | $149053.76    | 0.09%             | 2029-01-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                 | Lendbuzz Securitization Trust 2026-1                                                                             | CUSIP: 525952AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    384000 | PA      | $384012.29    | 0.23%             | 2027-01-15      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| LINCOLN FIN GLBL FUNDING                      | Lincoln Financial Global Funding                                                                                 | CUSIP: 53359KAD3<br>LEI: 984500OC010458395923 | Long             | DBT              | CORP              | US        |     56000 | PA      | $55872.88     | 0.03%             | 2029-01-12      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                      | Ford Motor Credit Co LLC                                                                                         | CUSIP: 345397G72<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    346000 | PA      | $354996.00    | 0.21%             | 2028-03-20      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CJW2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1445000 | PA      | $1469158.59   | 0.88%             | 2029-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                      | Lloyds Banking Group PLC                                                                                         | CUSIP: 53944YAS2<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    394000 | PA      | $393164.72    | 0.24%             | 2028-03-18      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                             | HSBC Holdings PLC                                                                                                | CUSIP: 404280DG1<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    556000 | PA      | $564606.88    | 0.34%             | 2028-08-11      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL CORP                         | Novartis Capital Corp                                                                                            | CUSIP: 66989HAN8<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    129000 | PA      | $128263.41    | 0.08%             | 2027-05-17      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                      | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc                                        | CUSIP: 43284MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    109000 | PA      | $102474.17    | 0.06%             | 2031-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DailyPay Securitization Trust                 | DailyPay Securitization Trust 2025-1                                                                             | CUSIP: 233824AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $604134.18    | 0.36%             | 2028-06-26      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CMY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    698000 | PA      | $700017.66    | 0.42%             | 2027-04-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CKX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3812500 | PA      | $3911684.59   | 2.34%             | 2029-06-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                             | Johnson & Johnson                                                                                                | CUSIP: 478160CP7<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    709000 | PA      | $682759.91    | 0.41%             | 2027-09-01      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                              | BAT Capital Corp                                                                                                 | CUSIP: 05526DBP9<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    299000 | PA      | $301012.27    | 0.18%             | 2027-04-02      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                      | Lloyds Banking Group PLC                                                                                         | CUSIP: 539439AQ2<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $198674.00    | 0.12%             | 2028-11-07      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                   | Southern Co/The                                                                                                  | CUSIP: 842587DD6<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    568000 | PA      | $577207.28    | 0.35%             | 2027-08-01      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| LSB INDUSTRIES                                | LSB Industries Inc                                                                                               | CUSIP: 502160AN4<br>LEI: 5493001H215A0HG0MI71 | Long             | DBT              | CORP              | US        |    147000 | PA      | $147665.91    | 0.09%             | 2028-10-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                              | Symphony CLO 50 Ltd                                                                                              | CUSIP: 87191GAA8<br>LEI: 254900XLA9EK04L7EE71 | Long             | ABS-CBDO         | CORP              | KY        |    292000 | PA      | $292642.40    | 0.18%             | 2038-10-20      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                    | Verus Securitization Trust 2026-2                                                                                | CUSIP: 92490GAF5<br>LEI: 213800OKSLL73WD2H386 | Long             | ABS-MBS          | CORP              | US        |    172000 | PA      | $171840.02    | 0.10%             | 2071-02-25      | Variable      | 4.59%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                     | ONEOK Inc                                                                                                        | CUSIP: 682680BB8<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    118000 | PA      | $113026.30    | 0.07%             | 2030-03-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Equify ABS, LLC                               | Equify ABS 2024-1 LLC                                                                                            | CUSIP: 29445TAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     60429 | PA      | $60650.04     | 0.04%             | 2033-04-18      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust                  | Upstart Securitization Trust                                                                                     | CUSIP: 91684NAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     42415 | PA      | $42590.82     | 0.03%             | 2034-11-20      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                 | Lendbuzz Securitization Trust 2023-3                                                                             | CUSIP: 525931AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     47745 | PA      | $48618.50     | 0.03%             | 2028-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                 | UBS Commercial Mortgage Trust 2019-C18                                                                           | CUSIP: 90278PBB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1176653 | PA      | $31450.75     | 0.02%             | 2052-12-15      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                            | Banco Santander SA                                                                                               | CUSIP: 05971KAG4<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $183950.00    | 0.11%             | 2030-12-03      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| HCA INC                                       | HCA Inc                                                                                                          | CUSIP: 404119CH0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    362000 | PA      | $358930.24    | 0.22%             | 2027-03-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| SHEA HOMES LP/FNDG CP                         | Shea Homes LP / Shea Homes Funding Corp                                                                          | CUSIP: 82088KAK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11000 | PA      | $10955.01     | 0.01%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                      | Standard Industries Inc/NY                                                                                       | CUSIP: 853496AD9<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    247000 | PA      | $246387.44    | 0.15%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                             | Newell Brands Inc                                                                                                | CUSIP: 651229BC9<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15214.95     | 0.01%             | 2027-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CJN2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    970000 | PA      | $994780.47    | 0.60%             | 2028-11-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust I    | Research-Driven Pagaya Motor Asset Trust 2023-3                                                                  | CUSIP: 76089RAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    134379 | PA      | $134653.30    | 0.08%             | 2032-01-26      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                      | Acadia Healthcare Co Inc                                                                                         | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |     32000 | PA      | $33005.76     | 0.02%             | 2033-03-05      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                         | GFL Environmental Inc                                                                                            | CUSIP: 36168QAQ7<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    178000 | PA      | $186638.34    | 0.11%             | 2031-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Lobel Automobile Receivables Trust            | Lobel Automobile Receivables Trust 2025-1                                                                        | CUSIP: 53948RAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     51670 | PA      | $51747.96     | 0.03%             | 2027-11-15      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                      | International Business Machines Corp                                                                             | CUSIP: 459200JZ5<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    158000 | PA      | $157723.50    | 0.09%             | 2026-05-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Santander Mortgage Asset Receivable Trust     | Santander Mortgage Asset Receivable Trust 2026-CES1                                                              | CUSIP: 802932AA1<br>LEI: 25490018SHMEBF8BBD83 | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $150646.41    | 0.09%             | 2056-01-01      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| VIRTUSA CORP                                  | Virtusa Corp                                                                                                     | CUSIP: 92837TAA0<br>LEI: C77OMXDER63WLJCSKT03 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8751.10      | 0.01%             | 2028-12-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                       | Hyundai Capital America                                                                                          | CUSIP: 44891ADQ7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103368.00    | 0.06%             | 2030-03-27      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.               | Long: SS36VA0   CDS USD R F  1.00000 IS36VA0 CCPCDX / Short: SS36VA0   CDS USD P V 03MEVENT IS36VB1 CCPCDX       | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   2710000 | OU      | $57933.61     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| VFI ABS LLC                                   | VFI ABS 2025-1 LLC                                                                                               | CUSIP: 91824UAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    345255 | PA      | $347022.16    | 0.21%             | 2030-06-24      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                        | ConocoPhillips Co                                                                                                | CUSIP: 20826FBJ4<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51252.50     | 0.03%             | 2030-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| SAFCO Auto Receivables Trust                  | SAFCO Auto Receivables Trust 2025-1                                                                              | CUSIP: 785923AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    136438 | PA      | $136394.41    | 0.08%             | 2029-09-10      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| Lendmark Funding Trust                        | Lendmark Funding Trust 2025-1                                                                                    | CUSIP: 52604QAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $304410.12    | 0.18%             | 2034-09-20      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                        | WESCO Distribution Inc                                                                                           | CUSIP: 95081QAT1<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     41000 | PA      | $41130.38     | 0.02%             | 2031-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                           | NCL Corp Ltd                                                                                                     | CUSIP: 62886HBY6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     42000 | PA      | $42335.58     | 0.03%             | 2031-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MEDTRONIC GLOBAL HLDINGS                      | Medtronic Global Holdings SCA                                                                                    | CUSIP: 58507LBB4<br>LEI: 549300JXMTTP8GKYIX14 | Long             | DBT              | CORP              | LU        |    604000 | PA      | $609852.76    | 0.37%             | 2028-03-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BANIJAY ENTERTAINMENT                         | Banijay Entertainment SAS                                                                                        | CUSIP: 000000000<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |    170000 | PA      | $207419.05    | 0.12%             | 2029-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                        | Philip Morris International Inc                                                                                  | CUSIP: 718172CV9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    144000 | PA      | $146937.60    | 0.09%             | 2027-11-17      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                                    | VMware LLC                                                                                                       | CUSIP: 928563AJ4<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    442000 | PA      | $436700.42    | 0.26%             | 2026-08-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                        | Philip Morris International Inc                                                                                  | CUSIP: 718172DX4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     96000 | PA      | $96140.16     | 0.06%             | 2028-10-27      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                          | LifePoint Health Inc                                                                                             | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    203000 | PA      | $217112.56    | 0.13%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                      | JP Morgan Mortgage Trust Series 2025-CES7                                                                        | CUSIP: 46660GAA6<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |    359911 | PA      | $361840.44    | 0.22%             | 2056-04-25      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                        | Philip Morris International Inc                                                                                  | CUSIP: 718172CZ0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     43000 | PA      | $43823.02     | 0.03%             | 2028-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                   | Hertz Vehicle Financing III LLC                                                                                  | CUSIP: 42806MCK3<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |    154000 | PA      | $157132.19    | 0.09%             | 2029-01-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CGH8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1580000 | PA      | $1583085.95   | 0.95%             | 2028-01-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                      | American Airlines Inc/AAdvantage Loyalty IP Ltd                                                                  | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     44000 | PA      | $44516.56     | 0.03%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Sothebys ArtFi Master Trust                   | Sotheby's Artfi Master Trust                                                                                     | CUSIP: 83589DAA4<br>LEI: 9845002FA850DM72BA31 | Long             | ABS-O            | CORP              | US        |    388000 | PA      | $390295.18    | 0.23%             | 2033-06-20      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                         | GFL Environmental Inc                                                                                            | CUSIP: 36168QAP9<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |     60000 | PA      | $58892.40     | 0.04%             | 2029-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| COOPR Residential Mortgage Trust              | COOPR Residential Mortgage Trust 2026-CES1                                                                       | CUSIP: 21689GAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200728 | PA      | $201440.62    | 0.12%             | 2061-01-01      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| GEORGIA-PACIFIC LLC                           | Georgia-Pacific LLC                                                                                              | CUSIP: 37331NAN1<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |      9000 | PA      | $8945.01      | 0.01%             | 2026-05-15      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitization Trust      | Castlelake Aircraft Structured Trust 2025-3                                                                      | CUSIP: 14855YAA0<br>LEI: 549300MHTIBONNXM3R82 | Long             | ABS-O            | CORP              | US        |    245073 | PA      | $247499.33    | 0.15%             | 2050-11-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trust               | Republic Finance Issuance Trust 2024-A                                                                           | CUSIP: 76041RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $252427.00    | 0.15%             | 2032-08-20      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                       | Hyundai Capital America                                                                                          | CUSIP: 44891AED5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     57000 | PA      | $57307.23     | 0.03%             | 2029-01-08      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                   | Hertz Vehicle Financing III LLC                                                                                  | CUSIP: 42806MCT4<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $254532.23    | 0.15%             | 2029-09-25      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust                  | CD 2016-CD1 Mortgage Trust                                                                                       | CUSIP: 12514MBD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1152474 | PA      | $917.02       | 0.00%             | 2049-08-10      | Variable      | 1.33%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                       | Simon Property Group LP                                                                                          | CUSIP: 828807DL8<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              |  | US        |    667000 | PA      | $642247.63    | 0.38%             | 2028-02-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| WOODSIDE FINANCE LTD                          | Woodside Finance Ltd                                                                                             | CUSIP: 980236AP8<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |    175000 | PA      | $173769.75    | 0.10%             | 2028-03-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                             | NatWest Group PLC                                                                                                | CUSIP: 780097BP5<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    273000 | PA      | $270141.69    | 0.16%             | 2028-05-22      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| PLAYTIKA HOLDING CORP                         | Playtika Holding Corp                                                                                            | CUSIP: 72815LAA5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | DBT              | CORP              | US        |    219000 | PA      | $172532.58    | 0.10%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LOXAM SAS                                     | Loxam SAS                                                                                                        | CUSIP: 000000000<br>LEI: 969500BNA2YRNE1R5K91 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $118074.75    | 0.07%             | 2027-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES                         | Continental Resources Inc/OK                                                                                     | CUSIP: 212015AU5<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |     29000 | PA      | $28598.35     | 0.02%             | 2026-11-15      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| MIWD HLDCO II/MIWD FIN                        | MIWD Holdco II LLC / MIWD Finance Corp                                                                           | CUSIP: 55337PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     78000 | PA      | $73022.04     | 0.04%             | 2030-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust           | Citigroup Commercial Mortgage Trust 2017-P7                                                                      | CUSIP: 17325HBU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    739461 | PA      | $5211.95      | 0.00%             | 2050-04-14      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                              | Deutsche Bank AG/New York NY                                                                                     | CUSIP: 25160PAH0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    565000 | PA      | $557790.60    | 0.33%             | 2028-01-07      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust              | Onemain Financial Issuance Trust 2025-1                                                                          | CUSIP: 68270DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    420000 | PA      | $427940.81    | 0.26%             | 2038-07-14      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                      | Ford Motor Credit Co LLC                                                                                         | CUSIP: 345397G23<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202874.00    | 0.12%             | 2029-09-06      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                        | CCO Holdings LLC / CCO Holdings Capital Corp                                                                     | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     26000 | PA      | $24776.70     | 0.01%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CPR6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1095000 | PA      | $1100218.36   | 0.66%             | 2030-12-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                         | KKR CLO 21 Ltd                                                                                                   | CUSIP: 48252KAA7<br>LEI: 5493008X0MRR4A6VYF15 | Long             | ABS-CBDO         | CORP              | KY        |     51385 | PA      | $51409.57     | 0.03%             | 2031-04-15      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| HCA INC                                       | HCA Inc                                                                                                          | CUSIP: 404119BT5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    263000 | PA      | $263260.37    | 0.16%             | 2026-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INEOS QUATTRO FINANCE 2                       | INEOS Quattro Finance 2 Plc                                                                                      | CUSIP: 000000000<br>LEI: 213800V48W4Y5MT5Q131 | Long             | DBT              | CORP              | GB        |    222000 | PA      | $231872.58    | 0.14%             | 2029-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                      | 1011778 BC ULC / New Red Finance Inc                                                                             | CUSIP: 68245XAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    193000 | PA      | $198456.11    | 0.12%             | 2029-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| S&P GLOBAL INC                                | S&P Global Inc                                                                                                   | CUSIP: 78409VBH6<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |    481000 | PA      | $474367.01    | 0.28%             | 2027-03-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                                                                                | CUSIP: 3136ASJX5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    122605 | PA      | $15301.01     | 0.01%             | 2046-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                        | General Motors Financial Co Inc                                                                                  | CUSIP: 37045XDA1<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    295000 | PA      | $289625.10    | 0.17%             | 2027-08-20      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                         | Foundry JV Holdco LLC                                                                                            | CUSIP: 350930AB9<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    220000 | PA      | $232133.00    | 0.14%             | 2030-01-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                         | NGL Energy Operating LLC / NGL Energy Finance Corp                                                               | CUSIP: 62922LAC2<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |    105000 | PA      | $108865.05    | 0.07%             | 2029-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS INC                             | General Mills Inc                                                                                                | CUSIP: 370334CG7<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |    582000 | PA      | $584159.22    | 0.35%             | 2028-04-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust               | BRAVO Residential Funding Trust Series 2026-NQM2                                                                 | CUSIP: 105934AE3<br>LEI: 254900NOKQW417VKV943 | Long             | ABS-MBS          | CORP              | US        |    267000 | PA      | $266744.96    | 0.16%             | 2065-11-25      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                          | Kraft Heinz Foods Co                                                                                             | CUSIP: 50077LAD8<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    381000 | PA      | $379933.20    | 0.23%             | 2026-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                        | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC                                            | CUSIP: 013092AG6<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38590.80     | 0.02%             | 2029-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                      | Angel Oak Mortgage Trust 2025-13                                                                                 | CUSIP: 034952AC5<br>LEI: 254900E0MZH4LYHYEK54 | Long             | ABS-MBS          | CORP              | US        |    144600 | PA      | $145029.26    | 0.09%             | 2070-10-25      | Variable      | 4.93%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                           | COMM 2014-CCRE16 Mortgage Trust                                                                                  | CUSIP: 12591VAQ4<br>LEI: 5493004GWEVMOU8S3L34 | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $93830.00     | 0.06%             | 2047-04-10      | Variable      | 4.78%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust         | Mission Lane Credit Card Master Trust                                                                            | CUSIP: 60510MCA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    345000 | PA      | $346503.54    | 0.21%             | 2030-12-16      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                   | RCKT Mortgage Trust 2026-CES1                                                                                    | CUSIP: 74939BAA4<br>LEI: 2549002LEW4WNQBOMB89 | Long             | ABS-MBS          | CORP              | US        |    151169 | PA      | $151894.21    | 0.09%             | 2056-01-25      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| Granite Park Equipment Leasing LLC            | Granite Park Equipment Leasing 2023-1 LLC                                                                        | CUSIP: 387422AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     31977 | PA      | $32006.27     | 0.02%             | 2032-09-20      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CHX2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    398200 | PA      | $407532.81    | 0.24%             | 2028-08-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                        | VICI Properties LP / VICI Note Co Inc                                                                            | CUSIP: 92564RAA3<br>LEI: N/A                  | Long             | DBT              |  | US        |      5000 | PA      | $4993.95      | 0.00%             | 2026-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                      | Lloyds Banking Group PLC                                                                                         | CUSIP: 53944YAP8<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    395000 | PA      | $393100.05    | 0.24%             | 2027-05-11      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Bank                                          | BANK 2020-BNK29                                                                                                  | CUSIP: 06541TBL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    945933 | PA      | $46649.42     | 0.03%             | 2053-11-15      | Variable      | 1.30%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                       | Royal Caribbean Cruises Ltd                                                                                      | CUSIP: 780153BK7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    436000 | PA      | $439317.96    | 0.26%             | 2027-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ENI SPA                                       | Eni SpA                                                                                                          | CUSIP: 26874RAE8<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |    522000 | PA      | $532158.12    | 0.32%             | 2028-09-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                      | Discovery Communications LLC                                                                                     | CUSIP: 25470DCA5<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    303000 | PA      | $299970.00    | 0.18%             | 2029-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                   | Oracle Corp                                                                                                      | CUSIP: 68389XCC7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    166000 | PA      | $165716.14    | 0.10%             | 2026-03-25      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| First Help Financial LLC                      | FHF Trust 2023-1                                                                                                 | CUSIP: 30331GAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     23973 | PA      | $24084.59     | 0.01%             | 2028-06-15      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| LKQ CORP                                      | LKQ Corp                                                                                                         | CUSIP: 501889AD1<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | DBT              | CORP              | US        |    613000 | PA      | $629612.30    | 0.38%             | 2028-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Invesco CLO LTD                               | Invesco CLO 2021-2 Ltd                                                                                           | CUSIP: 46149MAL0<br>LEI: 54930008KRIBK4JIR608 | Long             | ABS-CBDO         | CORP              | KY        |    650000 | PA      | $650261.30    | 0.39%             | 2034-07-15      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                     | Uniform Mortgage-Backed Security, TBA                                                                            | CUSIP: 01F050635<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    384531 | PA      | $386273.39    | 0.23%             | 2055-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GCAT                                          | GCAT 2026-NQM1 Trust                                                                                             | CUSIP: 36274BAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    234000 | PA      | $234179.99    | 0.14%             | 2070-12-25      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                  | GS Mortgage Securities Trust 2017-GS7                                                                            | CUSIP: 36254CAX8<br>LEI: 549300WF5YRKNHB1FX69 | Long             | ABS-MBS          | CORP              | US        |   3069684 | PA      | $30945.80     | 0.02%             | 2050-08-10      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                    | Fiserv Inc                                                                                                       | CUSIP: 337738AT5<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    416000 | PA      | $414585.60    | 0.25%             | 2026-07-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust I    | Research-Driven Pagaya Motor Asset Trust 2025-1                                                                  | CUSIP: 76089YAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    254897 | PA      | $256178.10    | 0.15%             | 2033-06-27      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                        | US 2YR NOTE (CBT) JUN26                                                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -4 | NC      | $-1281.25     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                        | US LONG BOND(CBT) JUN26                                                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -5 | NC      | $-4335.94     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER OP LLC                              | Welltower OP LLC                                                                                                 | CUSIP: 95040QAJ3<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |    655000 | PA      | $633247.45    | 0.38%             | 2030-01-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                                                                                | CUSIP: 3136B4ZB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     29654 | PA      | $3432.57      | 0.00%             | 2049-06-25      | Floating      | 2.27%                 | No            |                  2 | On Loan: No      |
| THOR INDUSTRIES                               | Thor Industries Inc                                                                                              | CUSIP: 885160AA9<br>LEI: 254900XZO1228PDSG060 | Long             | DBT              | CORP              | US        |    182000 | PA      | $174931.12    | 0.10%             | 2029-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESOR                      | Marriott Ownership Resorts Inc                                                                                   | CUSIP: 57164PAH9<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |    103000 | PA      | $99358.95     | 0.06%             | 2029-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CJF9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    950000 | PA      | $985550.79    | 0.59%             | 2028-10-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                     | ONEOK Inc                                                                                                        | CUSIP: 682680CB7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    239000 | PA      | $240106.57    | 0.14%             | 2027-09-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DIGITAL REALTY TRUST LP                       | Digital Realty Trust LP                                                                                          | CUSIP: 25389JAR7<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              |  | US        |    610000 | PA      | $607749.10    | 0.36%             | 2027-08-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS BANK USA                        | Goldman Sachs Bank USA/New York NY                                                                               | CUSIP: 38151LAF7<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |    241000 | PA      | $241168.70    | 0.14%             | 2027-03-18      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                 | UBS Commercial Mortgage Trust 2018-C14                                                                           | CUSIP: 90278KBB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    679307 | PA      | $13330.45     | 0.01%             | 2051-12-15      | Variable      | 0.88%                 | No            |                  2 | On Loan: No      |
| Avant Loans Funding Trust                     | Avant Loans Funding Trust 2024-REV1                                                                              | CUSIP: 05352UAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    255000 | PA      | $255790.76    | 0.15%             | 2033-10-15      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| WOODSIDE FINANCE LTD                          | Woodside Finance Ltd                                                                                             | CUSIP: 980236AT0<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |    174000 | PA      | $180523.26    | 0.11%             | 2030-05-19      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                           | Synchrony Financial                                                                                              | CUSIP: 87165BAX1<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    348000 | PA      | $352182.96    | 0.21%             | 2029-07-29      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CJA0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3044000 | PA      | $3136509.08   | 1.88%             | 2028-09-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CMS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    293000 | PA      | $295815.55    | 0.18%             | 2028-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                       | Avis Budget Car Rental LLC / Avis Budget Finance Inc                                                             | CUSIP: 053773BG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $161320.50    | 0.10%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                                                                                | CUSIP: 3136A4F53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     48197 | PA      | $5914.92      | 0.00%             | 2042-03-25      | Floating      | 2.17%                 | No            |                  2 | On Loan: No      |
| Avant Loans Funding Trust                     | Avant Loans Funding Trust 2025-REV1                                                                              | CUSIP: 05352BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $251117.20    | 0.15%             | 2034-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                        | Sempra                                                                                                           | CUSIP: 816851BA6<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    223000 | PA      | $221013.07    | 0.13%             | 2027-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                  | UBS Group AG                                                                                                     | CUSIP: 902613AH1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    226000 | PA      | $223464.28    | 0.13%             | 2027-08-10      | Fixed         | 1.49%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                           | JPMorgan Chase & Co                                                                                              | CUSIP: 46647PCP9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     72000 | PA      | $70958.16     | 0.04%             | 2027-09-22      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| NUTRIEN LTD                                   | Nutrien Ltd                                                                                                      | CUSIP: 67077MBA5<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |    661000 | PA      | $672825.29    | 0.40%             | 2028-03-27      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                             | HSBC Holdings PLC                                                                                                | CUSIP: 404280BT5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $201918.00    | 0.12%             | 2029-06-19      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                           | Travel + Leisure Co                                                                                              | CUSIP: 98310WAS7<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    117000 | PA      | $117343.98    | 0.07%             | 2026-07-31      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| DIRECTV Financing, LLC                        | DIRECTV Financing, LLC 2024 Refinancing Term B Loan                                                              | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     19619 | PA      | $19612.44     | 0.01%             | 2029-08-02      | Floating      | 9.18%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization Trust            | Tricolor Auto Securitization Trust 2025-1                                                                        | CUSIP: 89617CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105007 | PA      | $60650.20     | 0.04%             | 2029-02-15      | Fixed         | 4.94%                 | No            |                  3 | On Loan: No      |
| Reach Financial LLC                           | Reach Abs Trust 2026-1                                                                                           | CUSIP: 75526XAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    348354 | PA      | $348340.97    | 0.21%             | 2033-02-15      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                          | Garda World Security Corp                                                                                        | CUSIP: 36485MAQ2<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |     24000 | PA      | $24606.48     | 0.01%             | 2031-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                    | DaVita Inc                                                                                                       | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    136000 | PA      | $133123.60    | 0.08%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BROADCOM CRP / CAYMN FI                       | Broadcom Corp / Broadcom Cayman Finance Ltd                                                                      | CUSIP: 11134LAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    582000 | PA      | $579509.04    | 0.35%             | 2028-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Purchasing Power Funding                      | Purchasing Power Funding 2026-A LLC                                                                              | CUSIP: 74614AAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    224000 | PA      | $224290.21    | 0.13%             | 2030-08-15      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP                      | Host Hotels & Resorts LP                                                                                         | CUSIP: 44107TBE5<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              |  | US        |     19000 | PA      | $19085.12     | 0.01%             | 2028-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| S&P GLOBAL INC                                | S&P Global Inc                                                                                                   | CUSIP: 78409VBG8<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |    205000 | PA      | $206775.30    | 0.12%             | 2029-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitization Trust      | Castlelake Aircraft Structured Trust 2025-2                                                                      | CUSIP: 14855XAA2<br>LEI: 549300MHTIBONNXM3R82 | Long             | ABS-O            | CORP              | US        |    576628 | PA      | $586165.79    | 0.35%             | 2050-08-15      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN                      | Raven Acquisition Holdings LLC                                                                                   | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     32000 | PA      | $30752.96     | 0.02%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                               | Yum! Brands Inc                                                                                                  | CUSIP: 988498AL5<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    410000 | PA      | $410438.70    | 0.25%             | 2030-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC                       | NEW FORTRESS ENERGY INC                                                                                          | CUSIP: 000000000<br>LEI: 254900EICTYTCHA5X705 | Long             | EC               | CORP              | US        |      2218 | NS      | $2417.62      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BANQUE FED CRED MUTUEL                        | Banque Federative du Credit Mutuel SA                                                                            | CUSIP: 06675DCU4<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    614000 | PA      | $617303.32    | 0.37%             | 2031-01-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                          | Glencore Funding LLC                                                                                             | CUSIP: 378272BR8<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    435000 | PA      | $441207.45    | 0.26%             | 2027-04-04      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust | JP Morgan Chase Commercial Mortgage Securities Trust 2012-LC9                                                    | CUSIP: 46639EAR2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $58719.00     | 0.04%             | 2047-12-15      | Variable      | 3.58%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                | NRG Energy Inc                                                                                                   | CUSIP: 629377CQ3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    208000 | PA      | $200376.80    | 0.12%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Merchants Fleet Funding LLC                   | Merchants Fleet Funding LLC                                                                                      | CUSIP: 588926AA3<br>LEI: 254900Z2OOQUA5IN2X83 | Long             | ABS-O            | CORP              | US        |    139204 | PA      | $139656.41    | 0.08%             | 2036-05-20      | Fixed         | 7.21%                 | No            |                  2 | On Loan: No      |
| ENOVA INTERNATIONAL INC                       | Enova International Inc                                                                                          | CUSIP: 29357KAK9<br>LEI: 549300O8XOCQSB49UO63 | Long             | DBT              | CORP              | US        |    155000 | PA      | $163179.35    | 0.10%             | 2029-08-01      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                 | UniCredit SpA                                                                                                    | CUSIP: 904678AW9<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |    404000 | PA      | $401802.24    | 0.24%             | 2027-06-03      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| PIONEER NATURAL RESOURCE                      | Pioneer Natural Resources Co                                                                                     | CUSIP: 723787AQ0<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |    285000 | PA      | $261393.45    | 0.16%             | 2030-08-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                  | GS Mortgage Securities Trust 2016-GS3                                                                            | CUSIP: 36251PAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1127701 | PA      | $1260.32      | 0.00%             | 2049-10-10      | Variable      | 1.18%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                | Pagaya AI Debt Grantor Trust 2024-10                                                                             | CUSIP: 69544MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     42275 | PA      | $42457.97     | 0.03%             | 2032-06-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust I    | Research-Driven Pagaya Motor Asset Trust 2023-4                                                                  | CUSIP: 76088UAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    176999 | PA      | $177417.10    | 0.11%             | 2032-03-25      | Fixed         | 7.54%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                         | Venture Global Plaquemines LNG LLC                                                                               | CUSIP: 922966AE6<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     54000 | PA      | $56086.02     | 0.03%             | 2030-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                 | Citigroup Inc                                                                                                    | CUSIP: 172967NG2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    317000 | PA      | $313947.29    | 0.19%             | 2028-02-24      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CMG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2220000 | PA      | $2283825.00   | 1.37%             | 2030-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust                | Upgrade Master Pass-Thru Trust Series 2026-ST1                                                                   | CUSIP: 91533VAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    182000 | PA      | $181933.08    | 0.11%             | 2034-03-15      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                  | AGL CLO 45 Ltd                                                                                                   | CUSIP: 00122PAA5<br>LEI: 254900MVCHR9RPZJKC22 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250001.50    | 0.15%             | 2039-01-22      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                          | Flutter Treasury DAC                                                                                             | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $200122.00    | 0.12%             | 2031-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                      | Prime Security Services Borrower LLC / Prime Finance Inc                                                         | CUSIP: 74166MAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235000 | PA      | $231322.25    | 0.14%             | 2027-08-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited              | Bain Capital Credit CLO 2021-6 Ltd                                                                               | CUSIP: 05684PAL0<br>LEI: 254900YXN9JEMKU5DF45 | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300311.10    | 0.18%             | 2034-10-21      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| EMBECTA CORP                                  | Embecta Corp                                                                                                     | CUSIP: 29082KAA3<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | DBT              | CORP              | US        |     29000 | PA      | $27258.55     | 0.02%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                             | Sysco Corp                                                                                                       | CUSIP: 871829BW6<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    143000 | PA      | $143516.23    | 0.09%             | 2031-07-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Juniper Valley Park CLO, Ltd                  | Juniper Valley Park CLO Ltd                                                                                      | CUSIP: 48206KAY2<br>LEI: 213800ACSV8GAJ4CCO70 | Long             | ABS-CBDO         | CORP              | JE        |    690000 | PA      | $690460.92    | 0.41%             | 2036-07-20      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                           | Synchrony Financial                                                                                              | CUSIP: 87165BAM5<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |     59000 | PA      | $58746.30     | 0.04%             | 2027-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                      | Celanese US Holdings LLC                                                                                         | CUSIP: 15089QBC7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     44000 | PA      | $45350.80     | 0.03%             | 2031-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                        | Acrisure LLC / Acrisure Finance Inc                                                                              | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     92000 | PA      | $93639.44     | 0.06%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                                   | Rad CLO 14 Ltd                                                                                                   | CUSIP: 75009RAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    550000 | PA      | $550334.95    | 0.33%             | 2035-01-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                      | Vistra Operations Co LLC                                                                                         | CUSIP: 92840VAG7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    483000 | PA      | $480778.20    | 0.29%             | 2027-01-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| SHORT TERM CONSUMER RECEIVABLE                | SHORT TERM CONSUMER RECEIVABLE                                                                                   | CUSIP: 82525B109<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    177038 | PA      | $185728.78    | 0.11%             | 2035-11-20      | Variable      | 12.86%                | No            |                  3 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRUST              | WFRBS Commercial Mortgage Trust 2011-C4                                                                          | CUSIP: 92936CAY5<br>LEI: 549300UVB571ELWL8972 | Long             | ABS-MBS          | CORP              | US        |     25000 | PA      | $23897.50     | 0.01%             | 2044-06-15      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                 | Citigroup Inc                                                                                                    | CUSIP: 172967PZ8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    390000 | PA      | $392722.20    | 0.24%             | 2028-05-07      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| MPH ACQUISITION HOLDINGS                      | MPH Acquisition Holdings LLC                                                                                     | CUSIP: 553283AE2<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |     43566 | PA      | $27552.45     | 0.02%             | 2031-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                      | 1011778 BC ULC / New Red Finance Inc                                                                             | CUSIP: 68245XAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     35000 | PA      | $34827.80     | 0.02%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                   | FIGRE Trust 2026-HE1                                                                                             | CUSIP: 30249NAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    154685 | PA      | $155405.86    | 0.09%             | 2056-01-25      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                      | OBX 2025-NQM23 Trust                                                                                             | CUSIP: 67123BAF3<br>LEI: 2549009JKGY7CAYS8Y83 | Long             | ABS-MBS          | CORP              | US        |    360077 | PA      | $361683.93    | 0.22%             | 2065-10-25      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                 | UBS Commercial Mortgage Trust 2017-C1                                                                            | CUSIP: 90276EAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    861762 | PA      | $9083.49      | 0.01%             | 2050-06-15      | Variable      | 1.46%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                               | CVS Health Corp                                                                                                  | CUSIP: 126650DF4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    107000 | PA      | $106478.91    | 0.06%             | 2026-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                  | Barclays PLC                                                                                                     | CUSIP: 06738EAP0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    111000 | PA      | $111118.77    | 0.07%             | 2026-05-12      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Starwood Retail Property Trust                | Starwood Retail Property Trust 2014-STAR                                                                         | CUSIP: 85571XAA5<br>LEI: 5493007115G809OI4R97 | Long             | ABS-MBS          | CORP              | US        |     76498 | PA      | $45898.03     | 0.03%             | 2027-11-15      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CNZ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1669000 | PA      | $1686733.13   | 1.01%             | 2032-09-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS L                      | Amneal Pharmaceuticals LLC                                                                                       | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31608.60     | 0.02%             | 2032-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                      | Santander UK Group Holdings PLC                                                                                  | CUSIP: 80281LAR6<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $197298.00    | 0.12%             | 2028-01-11      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                               | CVS Health Corp                                                                                                  | CUSIP: 126650CU2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    401000 | PA      | $399937.35    | 0.24%             | 2026-06-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| UBS-Barclays Commercial Mortgage Trust        | UBS-Barclays Commercial Mortgage Trust 2013-C6                                                                   | CUSIP: 90349GAS4<br>LEI: 549300G1IXWLFE766Q13 | Long             | ABS-MBS          | CORP              | US        |     68549 | PA      | $63454.84     | 0.04%             | 2046-04-10      | Variable      | 3.93%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                              | GGAM Finance Ltd                                                                                                 | CUSIP: 36170JAC0<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |     12000 | PA      | $12148.08     | 0.01%             | 2027-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| EDP FINANCE BV                                | EDP Finance BV                                                                                                   | CUSIP: 26835PAH3<br>LEI: 5299007L43AQDFOW5739 | Long             | DBT              | CORP              | NL        |    510000 | PA      | $488360.70    | 0.29%             | 2028-01-24      | Fixed         | 1.71%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                              | Societe Generale SA                                                                                              | CUSIP: 83368RCL4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $200860.00    | 0.12%             | 2030-04-12      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ELANCO ANIMAL HEALTH INC                      | Elanco Animal Health Inc                                                                                         | CUSIP: 28414HAG8<br>LEI: 549300SHPNDCE059M934 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4154.76      | 0.00%             | 2028-08-28      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| PARKER-HANNIFIN CORP                          | Parker-Hannifin Corp                                                                                             | CUSIP: 701094AS3<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |    121000 | PA      | $123182.84    | 0.07%             | 2029-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                      | Hilton Domestic Operating Co Inc                                                                                 | CUSIP: 432833AP6<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    465000 | PA      | $475857.75    | 0.29%             | 2029-03-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization Trust            | Tricolor Auto Securitization Trust 2024-3                                                                        | CUSIP: 89617AAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    142337 | PA      | $123832.81    | 0.07%             | 2028-06-15      | Fixed         | 5.22%                 | No            |                  3 | On Loan: No      |
| SCHLUMBERGER HLDGS CORP                       | Schlumberger Holdings Corp                                                                                       | CUSIP: 806851AK7<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |    678000 | PA      | $678339.00    | 0.41%             | 2028-05-17      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| MPH ACQUISITION HOLDINGS                      | MPH Acquisition Holdings LLC                                                                                     | CUSIP: 553283AG7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |      5041 | PA      | $3703.82      | 0.00%             | 2030-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC                         | Republic Services Inc                                                                                            | CUSIP: 760759BB5<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    348000 | PA      | $357559.56    | 0.21%             | 2029-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                   | Oracle Corp                                                                                                      | CUSIP: 68389XBM6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     68000 | PA      | $67596.08     | 0.04%             | 2026-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust                | Upgrade Master Pass-Thru Trust Series 2025-ST8                                                                   | CUSIP: 91535UAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    240525 | PA      | $240789.06    | 0.14%             | 2033-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                      | Blue Racer Midstream LLC / Blue Racer Finance Corp                                                               | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     73000 | PA      | $75997.38     | 0.05%             | 2029-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                        | Goodyear Tire & Rubber Co/The                                                                                    | CUSIP: 382550BS9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30647.70     | 0.02%             | 2030-05-29      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                   | Oracle Corp                                                                                                      | CUSIP: 68389XCM5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15080.85     | 0.01%             | 2028-05-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CMH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     14000 | PA      | $14072.19     | 0.01%             | 2027-01-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CMD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    900000 | PA      | $929531.25    | 0.56%             | 2029-12-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                        | Aviation Capital Group LLC                                                                                       | CUSIP: 05369AAR2<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    155000 | PA      | $155970.30    | 0.09%             | 2027-04-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| APL Finance LLC                               | APL Finance 2023-1 DAC                                                                                           | CUSIP: 03790CAF8<br>LEI: 6354009RKO5CXUKYBH41 | Long             | ABS-O            | CORP              | US        |    284528 | PA      | $285986.24    | 0.17%             | 2036-03-20      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                          | Glencore Funding LLC                                                                                             | CUSIP: 378272BZ0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    161000 | PA      | $166504.59    | 0.10%             | 2030-04-01      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                | Morgan Stanley                                                                                                   | CUSIP: 61761JZN2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    222000 | PA      | $221911.20    | 0.13%             | 2027-04-23      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                         | Tenet Healthcare Corp                                                                                            | CUSIP: 88033GDR8<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     72000 | PA      | $70673.76     | 0.04%             | 2030-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Pagaya Point of Sale Holdings Grantor Trust   | Pagaya Point of Sale Holdings Grantor Trust 2025-1                                                               | CUSIP: 694952AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    292000 | PA      | $293677.60    | 0.18%             | 2034-01-20      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                        | General Motors Financial Co Inc                                                                                  | CUSIP: 37045XEX0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    251000 | PA      | $255284.57    | 0.15%             | 2027-07-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                        | Philip Morris International Inc                                                                                  | CUSIP: 718172CJ6<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     49000 | PA      | $48139.07     | 0.03%             | 2029-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                | Pagaya AI Debt Grantor Trust 2026-1                                                                              | CUSIP: 694969AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    233000 | PA      | $233011.63    | 0.14%             | 2027-02-15      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                    | Intel Corp                                                                                                       | CUSIP: 458140CE8<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    573000 | PA      | $582007.56    | 0.35%             | 2028-02-10      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                                                  | CUSIP: 31418FDB0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    761475 | PA      | $774897.69    | 0.46%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PK ALIFT LOAN FUNDING                         | PK Alift Loan Funding 7 LP                                                                                       | CUSIP: 69291NAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    341349 | PA      | $343522.69    | 0.21%             | 2043-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VOC ESCROW LTD                                | VOC Escrow Ltd                                                                                                   | CUSIP: 91832VAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    263000 | PA      | $262542.38    | 0.16%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CKG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1158000 | PA      | $1182426.56   | 0.71%             | 2029-03-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                        | Philip Morris International Inc                                                                                  | CUSIP: 718172DG1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    272000 | PA      | $279605.12    | 0.17%             | 2029-02-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FORTRESS INTERMEDIATE                         | Fortress Intermediate 3 Inc                                                                                      | CUSIP: 34966MAA0<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | DBT              | CORP              | US        |    271000 | PA      | $264994.64    | 0.16%             | 2031-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                               | BAE Systems PLC                                                                                                  | CUSIP: 05523RAH0<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |    374000 | PA      | $378095.30    | 0.23%             | 2027-03-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC                           | Oportun Funding Trust 2024-3                                                                                     | CUSIP: 68377NAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       892 | PA      | $892.42       | 0.00%             | 2029-08-15      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                                                 | CUSIP: 3132DWMY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    835548 | PA      | $849780.55    | 0.51%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                  | AGL CLO 44 Ltd                                                                                                   | CUSIP: 00121RAA2<br>LEI: 254900WK97J0UDI0DQ10 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250313.50    | 0.15%             | 2037-10-22      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust         | Wells Fargo Commercial Mortgage Trust 2016-LC24                                                                  | CUSIP: 95000HBJ0<br>LEI: 5493007OD9MH69ES1S63 | Long             | ABS-MBS          | CORP              | US        |    656489 | PA      | $2211.19      | 0.00%             | 2049-10-15      | Variable      | 1.59%                 | No            |                  2 | On Loan: No      |
| SHIRE ACQ INV IRELAND DA                      | Shire Acquisitions Investments Ireland DAC                                                                       | CUSIP: 82481LAD1<br>LEI: 549300XK5HGW68R8K327 | Long             | DBT              | CORP              | IE        |    486000 | PA      | $483885.90    | 0.29%             | 2026-09-23      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ACM Auto Trust                                | ACM Auto Trust 2025-1                                                                                            | CUSIP: 00161EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     29313 | PA      | $29316.82     | 0.02%             | 2029-06-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust | BHG Securitization Trust 2023-B                                                                                  | CUSIP: 08862GAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     91598 | PA      | $96172.90     | 0.06%             | 2036-12-17      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| Sunbit Asset Securitization Trust             | Sunbit Asset Securitization Trust 2025-1                                                                         | CUSIP: 86709SAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $302387.73    | 0.18%             | 2030-07-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| CENOVUS ENERGY INC                            | Cenovus Energy Inc                                                                                               | CUSIP: 15135UBA6<br>LEI: 254900LJGL2N2XEMD470 | Long             | DBT              | CORP              | CA        |    281000 | PA      | $284431.01    | 0.17%             | 2031-03-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                          | Targa Resources Corp                                                                                             | CUSIP: 87612KAA0<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    538000 | PA      | $546597.24    | 0.33%             | 2027-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                  | SM Energy Co                                                                                                     | CUSIP: 17888HAA1<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    168000 | PA      | $173631.36    | 0.10%             | 2028-06-30      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                | Pagaya AI Debt Grantor Trust 2025-1                                                                              | CUSIP: 69544NAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     86671 | PA      | $87339.83     | 0.05%             | 2032-07-15      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                       | Goldman Sachs Group Inc/The                                                                                      | CUSIP: 38141GYA6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    267000 | PA      | $266834.46    | 0.16%             | 2027-03-09      | Fixed         | 1.43%                 | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC                             | INEOS Finance PLC                                                                                                | CUSIP: 000000000<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |    101000 | PA      | $107528.38    | 0.06%             | 2029-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust            | Regional Management Issuance Trust 2025-1                                                                        | CUSIP: 75908AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    585000 | PA      | $589001.40    | 0.35%             | 2034-04-17      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Colossus AcquireCo LLC                        | Colossus AcquireCo LLC Initial Term Loan                                                                         | CUSIP: 19682LAB4<br>LEI: 2549009FT92RXWA46910 | Long             | LON              | CORP              | US        |     99750 | PA      | $99411.85     | 0.06%             | 2032-07-30      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                             | HSBC Holdings PLC                                                                                                | CUSIP: 404280EF2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    506000 | PA      | $515077.64    | 0.31%             | 2028-05-17      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                         | Northrop Grumman Corp                                                                                            | CUSIP: 666807BN1<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    184000 | PA      | $182178.40    | 0.11%             | 2028-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                   | RCKT Mortgage Trust 2026-CES2                                                                                    | CUSIP: 74940EAA5<br>LEI: 2549002LEW4WNQBOMB89 | Long             | ABS-MBS          | CORP              | US        |    235000 | PA      | $235211.10    | 0.14%             | 2056-02-01      | Variable      | 4.76%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                 | Carnival Corp                                                                                                    | CUSIP: 143658CB6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     81000 | PA      | $82078.92     | 0.05%             | 2029-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Continental Credit Card llc                   | Continental Finance Credit Card ABS Master Trust                                                                 | CUSIP: 66981PAQ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $252240.13    | 0.15%             | 2032-12-15      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CNX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2760000 | PA      | $2774446.89   | 1.66%             | 2030-08-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CPL9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    437000 | PA      | $436743.94    | 0.26%             | 2027-11-30      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                  | Navient Corp                                                                                                     | CUSIP: 63938CAJ7<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    259000 | PA      | $259577.57    | 0.16%             | 2026-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                | Var Energi ASA                                                                                                   | CUSIP: 92212WAD2<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    446000 | PA      | $471060.74    | 0.28%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                   | Hertz Vehicle Financing III LLC                                                                                  | CUSIP: 42806MDB2<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $613367.34    | 0.37%             | 2029-12-26      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd               | Benefit Street Partners CLO 48 Ltd                                                                               | CUSIP: 08187TAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    312000 | PA      | $311998.44    | 0.19%             | 2038-04-20      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                        | General Motors Financial Co Inc                                                                                  | CUSIP: 37045XEQ5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    299000 | PA      | $303691.31    | 0.18%             | 2027-05-08      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS                         | Bread Financial Holdings Inc                                                                                     | CUSIP: 018581AR9<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |    209000 | PA      | $213292.86    | 0.13%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION EN GEN LLC                      | Constellation Energy Generation LLC                                                                              | CUSIP: 210385AG5<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    184000 | PA      | $183968.72    | 0.11%             | 2029-02-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Merchants Fleet Funding LLC                   | Merchants Fleet Funding LLC                                                                                      | CUSIP: 588926AL9<br>LEI: 254900Z2OOQUA5IN2X83 | Long             | ABS-O            | CORP              | US        |    366000 | PA      | $369015.36    | 0.22%             | 2039-01-20      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust             | Credit Acceptance Auto Loan Trust 2025-1                                                                         | CUSIP: 22536KAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $253305.98    | 0.15%             | 2035-03-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                   | OCP CLO 2023-26 Ltd                                                                                              | CUSIP: 67116HAJ1<br>LEI: 2138008SMV573POQTV86 | Long             | ABS-CBDO         | CORP              | JE        |    700000 | PA      | $700193.20    | 0.42%             | 2037-04-17      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| ACM Auto Trust                                | ACM Auto Trust 2025-3                                                                                            | CUSIP: 00161UAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    474250 | PA      | $473865.78    | 0.28%             | 2030-01-22      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY INC                           | Cheniere Energy Inc                                                                                              | CUSIP: 16411RAK5<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |    651000 | PA      | $650739.60    | 0.39%             | 2028-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                              | Deutsche Bank AG/New York NY                                                                                     | CUSIP: 251526CV9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    347000 | PA      | $351830.24    | 0.21%             | 2028-02-08      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                        | Mitsubishi UFJ Financial Group Inc                                                                               | CUSIP: 606822BY9<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    440000 | PA      | $435899.20    | 0.26%             | 2027-07-20      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| ITC HOLDINGS CORP                             | ITC Holdings Corp                                                                                                | CUSIP: 465685AR6<br>LEI: 549300HTO5U9D3SLE207 | Long             | DBT              | CORP              | US        |    483000 | PA      | $488829.81    | 0.29%             | 2027-09-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                   | BNP Paribas SA                                                                                                   | CUSIP: 09659W2V5<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    573000 | PA      | $584402.70    | 0.35%             | 2029-01-13      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| DIEBOLD NIXDORF INC                           | Diebold Nixdorf Inc                                                                                              | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |     17000 | PA      | $17932.62     | 0.01%             | 2030-03-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Lendmark Funding Trust                        | Lendmark Funding Trust 2025-3                                                                                    | CUSIP: 525951AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100733.25    | 0.06%             | 2035-05-21      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                            | CNX Resources Corp                                                                                               | CUSIP: 12653CAK4<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    237000 | PA      | $245489.34    | 0.15%             | 2031-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust               | BRAVO Residential Funding Trust 2026-NQM1                                                                        | CUSIP: 10570CAC6<br>LEI: 254900XRZJZN8JGL1235 | Long             | ABS-MBS          | CORP              | US        |    227178 | PA      | $227566.51    | 0.14%             | 2065-12-25      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| SLM CORP                                      | SLM Corp                                                                                                         | CUSIP: 78442PGF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     57000 | PA      | $57886.92     | 0.03%             | 2030-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Gracie Point International Funding            | Gracie Point International Funding 2025-1 LLC                                                                    | CUSIP: 38411WAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    650000 | PA      | $650878.48    | 0.39%             | 2028-08-15      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                       | Imperial Brands Finance PLC                                                                                      | CUSIP: 45262BAF0<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    201000 | PA      | $206573.73    | 0.12%             | 2027-07-27      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                         | Becton Dickinson & Co                                                                                            | CUSIP: 075887BW8<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    193000 | PA      | $192339.94    | 0.12%             | 2027-06-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Santander Mortgage Asset Receivable Trust     | Santander Mortgage Asset Receivable Trust 2026-NQM2                                                              | CUSIP: 802933AC5<br>LEI: 254900X3WQ94L5BYAR60 | Long             | ABS-MBS          | CORP              | US        |    166000 | PA      | $166131.56    | 0.10%             | 2066-01-25      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                             | NatWest Group PLC                                                                                                | CUSIP: 639057AC2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    416000 | PA      | $413187.84    | 0.25%             | 2027-06-14      | Fixed         | 1.64%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust | BHG Securitization Trust 2025-2CON                                                                               | CUSIP: 05494LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    247670 | PA      | $251601.45    | 0.15%             | 2036-09-17      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                       | Nationwide Building Society                                                                                      | CUSIP: 63861VAF4<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    454000 | PA      | $449464.54    | 0.27%             | 2028-02-16      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                      | OBX 2026-NQM3 Trust                                                                                              | CUSIP: 67449MAF6<br>LEI: 25490008A4OQW8G7VN96 | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $99958.91     | 0.06%             | 2066-01-25      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                           | COMM 2016-DC2 Mortgage Trust                                                                                     | CUSIP: 12594CBG4<br>LEI: 5493004GWEVMOU8S3L34 | Long             | ABS-MBS          | CORP              | US        |    178357 | PA      | $1.78         | 0.00%             | 2049-02-10      | Variable      | 0.91%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRUST              | WFRBS Commercial Mortgage Trust 2011-C4                                                                          | CUSIP: 92936CAW9<br>LEI: 549300UVB571ELWL8972 | Long             | ABS-MBS          | CORP              | US        |     36249 | PA      | $35640.00     | 0.02%             | 2044-06-15      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| DNB BANK ASA                                  | DNB Bank ASA                                                                                                     | CUSIP: 25601B2B0<br>LEI: 549300GKFG0RYRRQ1414 | Long             | DBT              | CORP              | NO        |    647000 | PA      | $631154.97    | 0.38%             | 2028-03-30      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                 | Carnival Corp                                                                                                    | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     16000 | PA      | $16555.36     | 0.01%             | 2030-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CK HUTCHISON INTL 24                          | CK Hutchison International 24 Ltd                                                                                | CUSIP: 17887UAA3<br>LEI: 254900GAYV1MAUETUO84 | Long             | DBT              | CORP              | KY        |    447000 | PA      | $464325.72    | 0.28%             | 2029-04-26      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                 | Citigroup Inc                                                                                                    | CUSIP: 172967NA5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    424000 | PA      | $421044.72    | 0.25%             | 2027-06-09      | Fixed         | 1.46%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                 | UBS Commercial Mortgage Trust 2017-C2                                                                            | CUSIP: 90276CAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1701531 | PA      | $18424.52     | 0.01%             | 2050-08-15      | Variable      | 1.06%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                  | Voya CLO 2022-3 Ltd                                                                                              | CUSIP: 92891LAP7<br>LEI: 254900MS3D9HONB0N824 | Long             | ABS-CBDO         | CORP              | JE        |    350000 | PA      | $350080.85    | 0.21%             | 2036-10-20      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                  | ING Groep NV                                                                                                     | CUSIP: 456837BB8<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    482000 | PA      | $482168.70    | 0.29%             | 2028-03-28      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                 | ZF North America Capital Inc                                                                                     | CUSIP: 98877DAF2<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    160000 | PA      | $161688.00    | 0.10%             | 2030-04-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                  | GS Mortgage Securities Trust 2013-GC13                                                                           | CUSIP: 36198EBB0<br>LEI: 549300WF5YRKNHB1FX69 | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $76906.01     | 0.05%             | 2046-07-10      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| Loyalty Ventures Inc.                         | Loyalty Ventures Inc. Term B Loan                                                                                | CUSIP: 54912FAD2<br>LEI: 549300Q3YKVWNY6JIJ44 | Long             | LON              | CORP              | US        |     72366 | PA      | $542.74       | 0.00%             | 2027-11-03      | Floating      | 14.00%                | No            |                  3 | On Loan: No      |
| BANCO SANTANDER SA                            | Banco Santander SA                                                                                               | CUSIP: 05964HBJ3<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $209476.00    | 0.13%             | 2030-01-17      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                          | Cross 2026-NQM2 Mortgage Trust                                                                                   | CUSIP: 227924AE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    243000 | PA      | $243193.82    | 0.15%             | 2061-03-25      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                      | Targa Resources Partners LP / Targa Resources Partners Finance Corp                                              | CUSIP: 87612BBQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    657000 | PA      | $668425.23    | 0.40%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                 | Lendbuzz Securitization Trust 2023-1                                                                             | CUSIP: 52608LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     36812 | PA      | $37229.56     | 0.02%             | 2028-08-15      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                        | Philip Morris International Inc                                                                                  | CUSIP: 718172CW7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     41000 | PA      | $43316.09     | 0.03%             | 2029-11-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                | Bombardier Inc                                                                                                   | CUSIP: 097751CA7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    190000 | PA      | $203486.20    | 0.12%             | 2030-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE                             | Rivers Enterprise Borrower LLC / Rivers Enterprise Finance Corp                                                  | CUSIP: 76883NAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     36000 | PA      | $36955.80     | 0.02%             | 2033-01-31      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                     | Uniform Mortgage-Backed Security, TBA                                                                            | CUSIP: 01F042632<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    480013 | PA      | $474650.34    | 0.28%             | 2056-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                    | Verus Securitization Trust 2025-12                                                                               | CUSIP: 92490FAF7<br>LEI: 2138009XAW9T934GL239 | Long             | ABS-MBS          | CORP              | US        |    366484 | PA      | $368182.75    | 0.22%             | 2070-12-25      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                                                                              | CUSIP: 91282CKP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1060000 | PA      | $1098342.19   | 0.66%             | 2029-04-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ANALOG DEVICES INC                            | Analog Devices Inc                                                                                               | CUSIP: 032654AN5<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124700.00    | 0.07%             | 2026-12-05      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-27

**Name of Applicant:** AB Active ETFs, Inc.

**Signature:** Stephen Woetzel

**Name of Signer:** Stephen Woetzel

**Title:** Controller