# EDGAR Filing Document

**Accession Number:** 0001688554
**File Stem:** 0001099263-26-007343
**Filing Date:** 2026-5
**Character Count:** 852403
**Document Hash:** e4f6ca68d19cab992dd5fe711f7caf19
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-26-007343.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0001099263-26-007343

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PIMCO Flexible Credit Income Fund
- **CENTRAL INDEX KEY:** 0001688554

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23211
- **FILM NUMBER:** 261043718

**BUSINESS ADDRESS:**
- **STREET 1:** 1633 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** (844)337-4626

**MAIL ADDRESS:**
- **STREET 1:** 1633 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

## Nport-Ex

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 130.9% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 39.8%**  |  |  |
| **Aligned Data Centers International LP**<br>7.223% due 12/18/2029 «~ | $15700 | $15802 |
| **Altice France SA**  |  |  |
| 6.391% (EUR003M + 4.375%) due 04/30/2028 ~ | 10092 | 11617 |
| 6.391% (EUR003M + 4.375%) due 10/30/2028 ~ | 4245 | 4884 |
| 7.797% (TSFR3M + 4.125%) due 04/30/2028 ~ | $3406 | 3394 |
| 8.735% (TSFR3M + 5.063%) due 10/30/2028 ~ | 7911 | 7888 |
| 8.891% (EUR003M + 6.875%) due 05/30/2031 ~ | 1135 | 1318 |
| 9.047% (TSFR3M + 5.375%) due 05/14/2029 ~ | $10596 | 10550 |
| 10.547% (TSFR3M + 6.875%) due 05/31/2031 ~ | 24232 | 24328 |
| **Aston XLN Topco Ltd.**<br>9.846% due 07/30/2032 «~ | 6700 | 8594 |
| **Bausch Health Cos., Inc.**<br>9.918% (TSFR1M + 6.250%) due 10/08/2030 ~ | $7538 | 7295 |
| **Biogroup-LCD**<br>5.231% (EUR003M + 3.250%) due 02/09/2028 ~ | 2000 | 2277 |
| **Central Parent, Inc.**<br>6.950% (TSFR3M + 3.250%) due 07/06/2029 ~ | $49486 | 35449 |
| **Cerba Healthcare SAS**  |  |  |
| 5.839% (EUR006M + 3.700%) due 06/30/2028 ~ | 32903 | 28123 |
| 6.089% (EUR006M + 3.950%) due 02/16/2029 ~ | 20800 | 17755 |
| 7.589% (EUR006M + 5.450%) due 02/16/2029 ~ | 3200 | 2739 |
| **Circor International, Inc.**<br>0.500% due 06/20/2029 «~µ | $734 | 743 |
| **Clover Holdings 2 LLC**<br>TBD% - 3.500% due 12/10/2029 ~µ | 3583 | 3303 |
| **Comexposium**  |  |  |
| TBD% (EUR012M + 0.000%) due 03/28/2031 «~ | 6732 | 9493 |
| TBD% (EUR012M + 0.000%) due 07/10/2031 «~ | 60261 | 84976 |
| TBD% - 1.138% (EUR012M + 0.000%) due 10/16/2031 «~ | 3338 | 4707 |
| **Coreweave Compute Acquisition Co. II LLC**<br>13.266% - 13.326% (TSFR3M + 9.620%) due 07/31/2028 «~ | $9063 | 9329 |
| **Coreweave Compute Acquisition Co. IV LLC**<br>9.669% - 9.700% (TSFR3M + 6.000%) due 05/16/2029 «~ | 24629 | 25381 |
| **Databricks, Inc.**  |  |  |
| 1.000% due 01/05/2032 ~µ | 1649 | 1641 |
| 8.171% (TSFR1M + 4.500%) due 01/05/2032 ~ | 7451 | 7414 |
| **Dun & Bradstreet Corp.**  |  |  |
| 0.500% - 5.500% due 08/26/2032 «~µ | 776 | 776 |
| 0.500% - 5.500% (TSFR1M + 5.500%) due 08/26/2032 «~ | 7744 | 7592 |
| **Ecopetrol SA**<br>TBD% due 12/18/2027 « | 10000 | 9900 |
| **Envalior Finance GmbH**<br>7.526% (EUR003M + 5.500%) due 03/29/2030 ~ | 2500 | 2599 |
| **Envision Healthcare Corp.**  |  |  |
| 11.641% (TSFR3M + 7.875%) due 07/20/2026 «~ | $6329 | 6329 |
| 11.641% (TSFR3M + 7.875%) due 11/03/2028 «~ | 68326 | 70376 |
| **Espai Barca Fondo De Titulizacion (6.500% PIK)**<br>6.500% (EUR006M + 0.000%) due 06/30/2028 «~(d) | 14203 | 17980 |
| **Finastra USA, Inc.**  |  |  |
| 7.671% (TSFR3M + 4.000%) due 09/15/2032 ~ | $25975 | 24454 |
| 10.674% (TSFR3M + 7.000%) due 09/15/2033 ~ | 7000 | 6055 |
| **Forward Air Corp.**<br>8.167% (TSFR3M + 4.500%) due 12/19/2030 ~ | 24174 | 23594 |
| **FPS Finance Co. 1 LLC**<br>6.610% (EUR003M + 2.950%) due 05/26/2028 «~ | 800 | 800 |
| **Galaxy U.S. Opco, Inc.**<br>12.667% (TSFR3M + 5.250%) due 07/31/2030 ~ | 42062 | 36504 |
| **Gateway Casinos & Entertainment Ltd.**<br>9.936% (TSFR3M + 6.250%) due 12/18/2030 ~ | 39793 | 39892 |
| **Guardian**  |  |  |
| 1.000% due 08/29/2032 «~µ | 1300 | 1300 |
| 9.167% (TSFR3M + 5.500%) due 08/29/2032 «~ | 10600 | 10504 |
| **Harp Finco Ltd.**<br>8.727% due 03/27/2032 «~ | 10135 | 13511 |
| **Houghton Mifflin Harcourt Publishing Co.**<br>9.018% (TSFR1M + 5.250%) due 04/09/2029 ~ | $5596 | 4761 |
| **iHeartCommunications, Inc.**<br>9.557% (TSFR1M + 5.775%) due 05/01/2029 ~ | 4728 | 4159 |
| **Ineos U.S. Finance LLC**<br>6.918% (TSFR1M + 3.250%) due 02/18/2030 ~ | 27082 | 23747 |
| **Ivanti Software, Inc.**  |  |  |
| 8.411% (TSFR3M + 4.750%) due 06/01/2029 ~ | 24116 | 16367 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| <br> 9.411% (TSFR3M + 5.750%) due 06/01/2029 ~µ | 8177 | 8188 |
| **J&J Ventures Gaming LLC**<br>8.782% (TSFR1M + 5.000%) due 04/26/2028 «~ | 14154 | 14154 |
| **Lealand Finance Co. BV**<br>6.782% (TSFR1M + 3.000%) due 06/30/2027 ~ | 171 | 143 |
| **Lealand Finance Co. BV (7.782% Cash)**<br>7.782% (TSFR1M + 4.000%) due 12/31/2027 ~ | 2770 | 2316 |
| **M BB Grove LLC**<br>TBD% - 11.000% (TSFR1M + 7.000%) due 04/07/2027 «~µ(l) | 56027 | 56027 |
| **McAfee LLC**<br>6.668% (TSFR1M + 3.000%) due 03/01/2029 ~ | 2388 | 2140 |
| **Mercury Aggregator LP**<br>TBD% due 04/03/2027 «~ | 5266 | 0 |
| **Motion Finco SARL**<br>7.200% (TSFR3M + 3.500%) due 11/12/2029 ~ | 6652 | 5852 |
| **MPH Acquisition Holdings LLC**<br>8.528% (TSFR3M + 4.600%) due 12/31/2030 ~ | 15058 | 13408 |
| **Newfold Digital Holdings Group, Inc.**  |  |  |
| 7.269% - 9.442% (TSFR1M + 3.500%) due 04/30/2029 ~ | 24042 | 16225 |
| 7.269% - 9.442% (TSFR3M + 5.750%) due 04/30/2029 «~ | 1968 | 1496 |
| **Nscale AS**<br>TBD% - 8.700% (TSFR3M + 5.000%) due 08/11/2032 «~µ | 10900 | 10900 |
| **Obol France 3 SAS**<br>7.103% (EUR006M + 5.000%) due 12/31/2028 ~ | 7287 | 8354 |
| **OCS Group Holdings Ltd.**<br>8.980% due 11/28/2031 ~ | 2300 | 3034 |
| **Paradigm Parent LLC**<br>8.200% (TSFR3M + 4.500%) due 04/16/2032 ~ | $33795 | 28050 |
| **Peraton Corp.**  |  |  |
| 7.517% (TSFR3M + 3.750%) due 02/01/2028 ~ | 99765 | 85382 |
| 11.523% (TSFR3M + 7.750%) due 02/01/2029 ~ | 2744 | 1990 |
| **Polaris Newco LLC**  |  |  |
| 6.026% (EUR003M + 4.000%) due 06/02/2028 ~ | 39291 | 38678 |
| 7.928% (TSFR3M + 4.000%) due 06/02/2028 ~ | $28681 | 25320 |
| 8.977% due 06/02/2028 ~ | 4987 | 5490 |
| **Poseidon Bidco SASU**<br>7.504% (EUR006M + 5.000%) due 03/13/2030 ~ | 61060 | 21173 |
| **Project Quasar Pledgco SLU**<br>5.190% (EUR001M + 3.250%) due 04/15/2026 «~ | 6728 | 7727 |
| **Promotora de Informaciones SA**<br>7.499% (EUR003M + 5.470%) due 12/31/2029 «~ | 95600 | 108013 |
| **Puris LLC**<br>9.420% - 9.451% (TSFR3M + 5.750%) due 06/30/2031 «~ | $8236 | 7958 |
| **SCUR-Alpha 1503 GmbH**<br>9.167% (TSFR3M + 5.500%) due 03/29/2030 ~ | 45897 | 40390 |
| **Softbank Vision Fund II**<br>7.350% (TSFR3M + 3.650%) due 04/25/2029 «~ | 13143 | 13363 |
| **Spruce Bidco II, Inc.**  |  |  |
| 0.500% - 8.371% (TSFR6M + 4.750%) due 01/30/2032 «~µ | 1161 | 1159 |
| 0.500% - 8.371% (JY0003M + 5.000%) due 01/30/2032 «~ | 99223 | 621 |
| 0.500% - 8.371% (CDOR06 + 4.750%) due 01/30/2032 «~ | 926 | 660 |
| 0.500% - 8.371% (TSFR6M + 4.750%) due 01/30/2032 «~ | $5113 | 5071 |
| **Steenbok Lux Finco 2 SARL**<br>10.000% due 12/31/2028 ~ | 144346 | 41144 |
| **Stepstone Group Midco 2 GmbH**  |  |  |
| 6.599% (EUR006M + 4.500%) due 04/26/2032 ~ | 32800 | 33303 |
| 8.199% (TSFR6M + 4.500%) due 12/19/2031 ~ | $31084 | 27354 |
| **Strategic Gaming Commitment**<br>10.672% (TSFR3M + 7.000%) due 10/15/2030 «~ | 11300 | 11526 |
| **Subcalidora 2**<br>7.877% (EUR003M + 5.750%) due 08/14/2029 «~ | 27536 | 31109 |
| **Syniverse Holdings, Inc.**<br>10.700% (TSFR3M + 7.000%) due 05/13/2027 «~ | $55147 | 51080 |
| **Transnet SOC Ltd.**<br>10.658% due 03/02/2028 «~ | 119450 | 6967 |
| **U.S. Renal Care, Inc.**  |  |  |
| 1.500% - 9.675% (TSFR1M + 6.000%) due 09/25/2030 «~ | $43393 | 44208 |
| 8.782% (TSFR1M + 5.000%) due 06/28/2028 ~ | 97639 | 92218 |
| **Unicorn Bay**<br>13.000% due 12/31/2026 «~ | 156479 | 20206 |
| **Upfield BV**<br>TBD% due 10/31/2030 | 16300 | 20658 |
| **VEON Amsterdam BV**<br>7.902% (TSFR3M + 4.250%) due 03/25/2027 «~ | $14900 | 14819 |
| **Virgin Media Investment Holdings Ltd.**<br>6.978% due 08/01/2030 «~ | 2300 | 2923 |
| **Walgreens - Magnolia**<br>6.000% due 03/06/2030 «~ | $405 | 397 |
| **Westmoreland Coal Co.**<br>8.000% due 03/15/2029 «~ | 2594 | 1128 |
| **WHLN 2024-ACRA-FF1**<br>9.500% due 03/01/2027 «+ | 295 | 293 |
| **WHLN 2024-ACRA-FF2**<br>9.500% due 08/01/2027 «++(l) | 543 | 541 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **WHLN 2024-CV3-FF2**<br>9.250% due 10/01/2027 «++++(l) | 13635 | 13568 |
| **WHLN 2025-CV3-PF-FF2**<br>9.150% due 04/01/2027 «++++++(l) | 6628 | 6625 |
| **WHLN 2025-CV3-PF-FF3**<br>9.000% due 08/01/2027 «(l) | 29706 | 29660 |
| **WHLN 2025-CV3-PF-FF4**<br>8.625% due 09/01/2027 «(l) | 22083 | 22051 |
| **WHLN 2025-CV3-PF-FF5**<br>8.625% due 10/01/2027 «(l) | 24931 | 24886 |
| **WHLN 2025-NVES-PF-FF3**<br>8.625% due 03/01/2027 «(l) | 15572 | 15548 |
| **WHLN RTL-PFLX**<br>8.000% due 06/01/2049 «++(l) | 2819 | 2360 |
| **WHLN-2024-CV3-FF1**<br>9.750% due 05/01/2026 «+++(l) | 7611 | 7602 |
| **WHLN-2025-CV3-PF-FF1**<br>9.250% due 02/01/2027 «+++++(l) | 6700 | 6692 |
| Total Loan Participations and Assignments (Cost $1,849,128) |  | 1712348 |
| **CORPORATE BONDS & NOTES 23.2%**  |  |  |
| **BANKING & FINANCE 5.8%**  |  |  |
| **123 Lights Re Ltd.** <br>14.510% (FHMMUSTF + 11.000%) due 09/14/2031 ~ | 700 | 723 |
| **Alamo Re Ltd.**  |  |  |
| 11.944% (FHMMUSTF + 8.434%) due 06/07/2027 ~(m)  | 950 | 985 |
| 15.390% (FHMMUSTF + 11.880%) due 06/08/2026 ~  | 450 | 459 |
| **Ambac Assurance Corp.** <br>5.100% due 12/31/2099 (j) | 239 | 316 |
| **Armor Holdco, Inc.** <br>8.500% due 11/15/2029 (m) | 6400 | 5851 |
| **Armor RE II Ltd.**  |  |  |
| 12.060% (BRMMUSDF + 8.500%) due 01/07/2032 ~  | 500 | 530 |
| 13.760% (BRMMUSDF + 10.200%) due 05/07/2031 ~  | 300 | 316 |
| **Bayou Re Ltd.** <br>22.040% (BNMMDTSC + 18.500%) due 04/30/2031 ~ | 400 | 430 |
| **Blue Ridge Re Ltd.**  |  |  |
| 7.010% (FHMMUSTF + 3.500%) due 01/08/2029 ~  | 400 | 402 |
| 9.510% (FHMMUSTF + 6.000%) due 01/08/2029 ~  | 250 | 247 |
| 11.510% (FHMMUSTF + 8.000%) due 01/08/2029 ~  | 250 | 246 |
| **Bonanza RE Ltd.** <br>3.659% (MSMMUSTF + 0.000%) due 01/08/2027 ~ | 950 | 806 |
| **Cape Lookout Re Ltd.**  |  |  |
| 8.760% (FHMMUSTF + 5.250%) due 03/21/2033 ~  | 800 | 800 |
| 9.510% (FHMMUSTF + 6.000%) due 03/21/2033 ~  | 800 | 800 |
| 12.239% (GSMMUSTF + 8.702%) due 04/05/2027 ~(m)  | 3600 | 3656 |
| **Charles River Re Ltd.** <br>11.172% (BNMMDTSC + 7.632%) due 05/10/2031 ~ | 250 | 257 |
| **Citrus Re Ltd.**  |  |  |
| 8.922% (T-BILL 3MO + 5.250%) due 06/07/2033 ~  | 400 | 400 |
| 9.910% (T-BILL 3MO + 6.250%) due 06/07/2033 ~  | 300 | 300 |
| **Corestate Capital Holding SA (10.000% Cash or 11.000% PIK)** <br>10.000% due 12/31/2026 (d) | 223 | 238 |
| **Corestate Capital Holding SA (8.000% Cash or 9.000% PIK)** <br>8.000% due 12/31/2028 (d) | 1375 | 826 |
| **Credit Suisse AG AT1 Claim**  | $200 | 70 |
| **East Lane Re VII Ltd.** <br>12.160% (BRMMUSDF + 8.500%) due 03/31/2032 ~ | 1000 | 1002 |
| **Everglades Re II Ltd.**  |  |  |
| 14.041% (GSMMUSTI + 10.500%) due 05/13/2027 ~  | 500 | 507 |
| 15.041% (GSMMUSTI + 11.500%) due 05/13/2031 ~  | 500 | 508 |
| 16.291% (GSMMUSTI + 12.750%) due 05/13/2027 ~  | 500 | 509 |
| **Fairfax India Holdings Corp.** <br>5.000% due 02/26/2028 (m) | 12400 | 11837 |
| **Gateway Re Ltd.** <br>5.560% (BRMMUSDF + 2.000%) due 07/06/2029 ~ | 4750 | 4750 |
| **Golden Bear Re Ltd.**  |  |  |
| 13.162% (T-BILL 1MO + 9.500%) due 03/08/2032 ~  | 1100 | 1100 |
| 13.412% (JMMMUSTF + 9.750%) due 01/08/2029 ~  | 2450 | 2494 |
| **Greengrove RE Ltd.** <br>11.290% (BNMMDTSC + 7.750%) due 04/08/2032 ~ | 650 | 674 |
| **GSG Bidco Ltd.** <br>4.700% due 06/15/2031 | 5800 | 6650 |
| **Handshake Re Ltd.** <br>8.060% (JMMMUSTF + 4.500%) due 01/08/2030 ~ | $250 | 249 |
| **Herbie Re Ltd.** <br>7.780% (MSMMUSTF + 4.250%) due 01/07/2030 ~ | 400 | 401 |
| **Hestia Re Ltd.**  |  |  |
| 3.640% (BNMMDTSC + 0.100%) due 04/22/2029 ~  | 101 | 56 |
| 10.290% (BNMMDTSC + 6.750%) due 03/13/2032 ~  | 300 | 305 |
| 11.790% (BNMMDTSC + 8.250%) due 03/13/2032 ~  | 400 | 409 |
| **Integrity RE III Ltd.**  |  |  |
| 6.010% (FHMMUSTF + 2.500%) due 06/07/2029 ~  | 950 | 950 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 11.510% (FHMMUSTF + 8.000%) due 06/06/2027 ~  | 300 | 306 |
| 13.260% (FHMMUSTF + 9.750%) due 06/06/2027 ~  | 300 | 307 |
| 15.760% (FHMMUSTF + 12.250%) due 06/06/2028 ~  | 600 | 623 |
| 29.010% (FHMMUSTF + 25.500%) due 06/06/2027 ~  | 600 | 659 |
| **Integrity Re Ltd.**  |  |  |
| 20.744% (FHMMUSTF + 17.234%) due 06/08/2026 ~(m)  | 1750 | 1802 |
| 26.306% (FHMMUSTF + 22.796%) due 06/08/2026 ~  | 1750 | 1817 |
| **ION Platform Finance SARL**  |  |  |
| 6.500% due 09/30/2030 (m)  | 16100 | 15544 |
| 6.875% due 09/30/2032 (m)  | 10600 | 9796 |
| 7.875% due 05/01/2029 (m)  | 14700 | 15857 |
| **ION Platform Finance U.S., Inc.** <br>7.875% due 09/30/2032 (m) | $1000 | 775 |
| **ION Platform Finance U.S., Inc./ION Platform Finance SARL**  |  |  |
| 5.000% due 05/01/2028 (m)  | 2900 | 2712 |
| 5.750% due 05/15/2028 (m)  | 6300 | 5993 |
| 8.750% due 05/01/2029 (m)  | 7300 | 6796 |
| 9.000% due 08/01/2029 (m)  | 11100 | 10303 |
| 9.500% due 05/30/2029 (m)  | 22480 | 21186 |
| **Locke Tavern Re Ltd.**  |  |  |
| 4.060% (JMMMUSTF + 3.250%) due 04/11/2033 ~  | 700 | 700 |
| 4.060% (JMMMUSTF + 4.250%) due 04/11/2033 ~  | 600 | 600 |
| **Longleaf Pine Re Ltd.** <br>21.473% (GSMMUSTI + 17.932%) due 05/27/2031 ~ | 570 | 603 |
| **Luca RE Ltd.** <br>10.810% (JMMMUSTF + 7.250%) due 07/22/2031 ~(m) | 1700 | 1752 |
| **Nature Coast Re Ltd.**  |  |  |
| 11.661% (T-BILL 3MO + 8.000%) due 02/26/2030 ~  | 850 | 848 |
| 13.291% (GSMMUSTI + 9.750%) due 04/10/2033 ~  | 300 | 311 |
| **Orange Capital RE DAC** <br>8.026% (EUR003M + 6.000%) due 01/17/2029 ~ | 300 | 364 |
| **Palm RE Ltd.**  |  |  |
| 11.290% (BNMMDTSC + 7.750%) due 06/07/2032 ~  | $700 | 722 |
| 13.240% (BNMMDTSC + 9.700%) due 06/09/2031 ~  | 250 | 262 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (h)(m) | 8059 | 6310 |
| **Polestar Re Ltd.**  |  |  |
| 10.661% (BRMMUSDF + 7.000%) due 01/08/2029 ~  | 400 | 401 |
| 12.661% (BRMMUSDF + 9.000%) due 01/08/2029 ~  | 400 | 400 |
| 14.150% (BRMMUSDF + 10.590%) due 01/07/2028 ~  | 1300 | 1363 |
| 14.161% (BRMMUSDF + 10.500%) due 01/08/2029 ~  | 250 | 251 |
| 16.810% (BRMMUSDF + 13.250%) due 01/07/2027 ~  | 3500 | 3619 |
| **Purple Re Ltd.**  |  |  |
| 6.060% (JMMMUSTF + 2.500%) due 06/07/2033 ~  | 800 | 800 |
| 12.686% (JMMMUSTF + 9.126%) due 06/07/2027 ~  | 600 | 619 |
| 16.689% (TSFR1M + 13.010%) due 04/24/2030 ~(m)  | 7895 | 7946 |
| **Quercus II Re DAC** <br>13.079% (EUR003M + 11.000%) due 01/07/2028 ~ | 800 | 925 |
| **Quercus Re DAC** <br>10.020% (EUR003M + 8.000%) due 07/08/2027 ~ | 450 | 538 |
| **Sabine Re Ltd.** <br>12.060% (BNMMDTSC + 8.520%) due 04/07/2031 ~ | $400 | 413 |
| **Sanders Re III Ltd.**  |  |  |
| 11.280% (BRMMUSDF + 7.720%) due 06/05/2029 ~(m)  | 13000 | 13149 |
| 15.880% (BRMMUSDF + 12.320%) due 04/09/2029 ~  | 6399 | 4159 |
| **Thames Ssnm Unfunded Comm** <br>9.750% due 10/10/2027 | 921 | 1170 |
| **Titanium 2l Bondco SARL** <br>6.250% due 01/14/2031 | 40173 | 7545 |
| **Torrey Pines Re Ltd.**  |  |  |
| 9.596% (JMMMUSTF + 6.036%) due 06/07/2027 ~(m)  | $800 | 827 |
| 10.666% (JMMMUSTF + 7.106%) due 06/07/2027 ~  | 500 | 518 |
| 12.938% (BRMMUSDF + 9.378%) due 06/05/2026 ~  | 600 | 606 |
| **Tremont Re Ltd.** <br>7.661% (T-BILL 1MO + 4.000%) due 03/22/2033 ~ | 300 | 300 |
| **Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC** <br>6.000% due 01/15/2030 (m) | 36076 | 33971 |
| **Ursa Re II Ltd.**  |  |  |
| 8.661% (MSMMUSTF + 5.000%) due 12/07/2029 ~  | 350 | 347 |
| 11.411% (MSMMUSTF + 7.750%) due 06/07/2028 ~  | 1200 | 1212 |
| **Ursa Re Ltd.**  |  |  |
| 11.041% (GSMMUSTI + 7.500%) due 02/22/2028 ~(m)  | 1900 | 1943 |
| 12.810% (JMMMUSTF + 9.250%) due 12/07/2028 ~(m)  | 4200 | 4319 |
| **Veraison Re Ltd.**  |  |  |
| 7.691% (GSMMUSTI + 4.150%) due 03/08/2034 ~  | 400 | 400 |
| 8.541% (GSMMUSTI + 5.000%) due 03/08/2033 ~  | 450 | 458 |
| **Vitality Re XVII Ltd.** <br>7.541% (GSMMUSTI + 4.000%) due 01/08/2031 ~ | 300 | 300 |
| **Voyager Aviation Holdings LLC** <br>8.500% due 05/09/2026 ^«(e) | 9917 | 0 |
| **Windmill III Re DAC** <br>7.236% (EUR003M + 5.210%) due 07/05/2028 ~ | 250 | 299 |
| **Windrose Re Ltd.** <br>8.790% (HSMMUSTF + 5.250%) due 02/11/2033 ~ | $400 | 399 |
| **Winston RE Ltd.**  |  |  |
| 10.040% (BNMMDTSC + 6.500%) due 02/21/2028 ~  | 300 | 307 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 13.750% (BNMMDTSC + 10.210%) due 02/26/2031 ~  | 450 | 468 |
| 15.230% (BNMMDTSC + 11.690%) due 02/26/2031 ~  | 2800 | 2923 |
|  |  | 250902 |
| **INDUSTRIALS 15.7%**  |  |  |
| **Altice France Lux 3/Altice Holdings 1** <br>10.000% due 01/15/2033 (m) | 15674 | 14263 |
| **Altice France SA** <br>9.500% due 11/01/2029 (m) | 13383 | 13533 |
| **ams-OSRAM AG**  |  |  |
| 10.500% due 03/30/2029 (m)  | 30700 | 37288 |
| 12.250% due 03/30/2029 (m)  | $11080 | 11794 |
| **APLD ComputeCo 2 LLC** <br>6.750% due 03/15/2031 (m) | 2500 | 2483 |
| **Aston Martin Capital Holdings Ltd.**  |  |  |
| 10.000% due 03/31/2029 (m)  | 12701 | 9568 |
| 10.375% due 03/31/2029 (m)  | 15350 | 15716 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 (m) | $11330 | 11658 |
| **Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc.** <br>8.000% due 06/15/2029 (m) | 15900 | 11834 |
| **Central Parent, Inc./CDK Global, Inc.** <br>7.250% due 06/15/2029 (m) | 11710 | 8440 |
| **Cheplapharm Arzneimittel GmbH** <br>7.500% due 05/15/2030 (m) | 1000 | 1168 |
| **Claritev Corp. (6.500% Cash and 0.750% PIK)** <br>7.250% due 03/31/2031 (d) | $8259 | 5368 |
| **Cogent Communications Group LLC/Cogent Finance, Inc.** <br>7.000% due 06/15/2027 (m) | 3760 | 3717 |
| **Directv Financing LLC** <br>8.875% due 02/01/2030 (m) | 750 | 749 |
| **DISH DBS Corp.**  |  |  |
| 5.250% due 12/01/2026 (m)  | 43288 | 42942 |
| 5.750% due 12/01/2028 (m)  | 54580 | 52822 |
| 7.750% due 07/01/2026 (m)  | 33117 | 33045 |
| **Ecopetrol SA** <br>7.750% due 02/01/2032 (m) | 2900 | 2931 |
| **Flora Food Management BV** <br>7.500% due 10/31/2030 | 3200 | 3666 |
| **Greene King Finance PLC** <br>5.945% (SONIO/N + 2.199%) due 03/15/2036 ~ | 200 | 247 |
| **GSG Bidco Ltd.** <br>6.375% due 06/15/2051 | 5900 | 6773 |
| **Incora Intermediate II LLC (0.500% PIK)** <br>0.500% due 01/31/2030 «(d) | $41627 | 41627 |
| **Incora Top Holdco LLC** <br>6.000% due 01/30/2033 «(l) | 28935 | 43822 |
| **JetBlue Airways Corp./JetBlue Loyalty LP** <br>9.875% due 09/20/2031 (m) | 7863 | 7442 |
| **Motion Finco SARL** <br>7.375% due 06/15/2030 (m) | 29000 | 29094 |
| **MPH Acquisition Holdings LLC** <br>5.750% due 12/31/2030 (m) | $40848 | 31294 |
| **MPH Acquisition Holdings LLC (6.500% Cash and 5.000% PIK)** <br>11.500% due 12/31/2030 (d)(m) | 8041 | 7276 |
| **National Collegiate Student Loan Trust** <br>7.287% due 06/01/2045 | 50 | 40 |
| **National Mentor Holdings, Inc.** <br>10.500% due 12/15/2030 (m) | 6500 | 6714 |
| **Newfold Digital Holdings Group, Inc.** <br>7.269% due 04/30/2029 | 17009 | 8420 |
| **Nissan Motor Co. Ltd.** <br>7.500% due 07/17/2030 (m) | 1825 | 1841 |
| **NPC Ukrenergo** <br>6.875% due 11/09/2028 | 1800 | 1660 |
| **Ocado Group PLC**  |  |  |
| 10.500% due 08/08/2029 (m)  | 33443 | 43775 |
| 11.000% due 06/15/2030 (m)  | 6289 | 8313 |
| **Petroleos de Venezuela SA**  |  |  |
| 5.375% due 04/12/2027 ^(e)  | $440 | 147 |
| 6.000% due 11/15/2026 ^(e)  | 24582 | 8459 |
| 9.750% due 05/17/2035 ^(e)  | 9100 | 3802 |
| **ProFrac Holdings II LLC** <br>10.932% (TSFR3M + 7.250%) due 01/23/2029 ~(m) | 10887 | 10860 |
| **Thames Water Super Senior Issuer PLC** <br>9.750% due 10/10/2027 | 3972 | 5747 |
| **Toll Road Investors Partnership II LP** <br>0.000% due 02/15/2043 (h) | $47670 | 16863 |
| **Topaz Solar Farms LLC** <br>4.875% due 09/30/2039 (m) | 1848 | 1672 |
| **Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo U.S. LLC**  |  |  |
| 8.250% due 05/15/2030 (m)  | 2000 | 2004 |
| 9.500% due 05/15/2030 (m)  | $6850 | 6058 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **U.S. Renal Care, Inc.** <br>10.625% due 06/28/2028 | 21341 | 17820 |
| **Ubisoft Entertainment SA** <br>0.878% due 11/24/2027 (m) | 20600 | 19235 |
| **Vale SA** <br>0.000% due 12/29/2049 ~(j) | 313730 | 26540 |
| **Venture Global LNG, Inc.** <br>9.500% due 02/01/2029 (m) | $7539 | 8156 |
| **Viridien**  |  |  |
| 8.500% due 10/15/2030 (m)  | 9585 | 11660 |
| 10.000% due 10/15/2030 (m)  | $7585 | 8078 |
| **VZ Secured Financing BV** <br>7.500% due 01/15/2033 (m) | 7200 | 6793 |
|  |  | 675217 |
| **UTILITIES 1.7%**  |  |  |
| **Altice Holdings 1 SARL** <br>0.010% due 12/31/2099 « | 73 | 1008 |
| **NGD Holdings BV** <br>6.750% due 12/31/2026 (m) | $892 | 832 |
| **OI SA (10.000% Cash or 6.000% PIK and 7.500% Cash or 13.500% PIK)** <br>10.000% due 06/30/2027 ^(d)(e)(m) | 68152 | 33053 |
| **OI SA (8.500% PIK)** <br>8.500% due 12/31/2028 ^(d)(e) | 141257 | 1501 |
| **Peru LNG SRL** <br>5.375% due 03/22/2030 (m) | 22853 | 22198 |
| **Petersen Claim Units** <br>0.000% due 12/31/2099 «(l) | 285 | 1281 |
| **Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC** <br>6.500% due 02/15/2029 (m) | 11050 | 10742 |
|  |  | 70615 |
| Total Corporate Bonds & Notes (Cost $1,193,148) |  | 996734 |
| **CONVERTIBLE BONDS & NOTES 0.8%**  |  |  |
| **BANKING & FINANCE 0.0%**  |  |  |
| **Corestate Capital Holding SA (8.000% Cash or 9.000% PIK)** <br>8.000% due 12/31/2028 (d) | 815 | 490 |
| **Country Garden Holdings Co. Ltd.** <br>0.000% due 12/31/2031 (h)(l) | $473 | 53 |
|  |  | 543 |
| **INDUSTRIALS 0.8%**  |  |  |
| **DISH Network Corp.** <br>3.375% due 08/15/2026 | 3300 | 3206 |
| **Ubisoft Entertainment SA** <br>2.375% due 11/15/2028 (m) | 29800 | 32894 |
|  |  | 36100 |
| Total Convertible Bonds & Notes (Cost $37,542) |  | 36643 |
| **MUNICIPAL BONDS & NOTES 0.3%**  |  |  |
| **MICHIGAN 0.3%**  |  |  |
| **Detroit, Michigan General Obligation Bonds, Series 2014** <br>4.000% due 04/01/2044 | $7159 | 5520 |
| **Michigan Tobacco Settlement Finance Authority Revenue Bonds, Series 2008** <br>0.000% due 06/01/2046 (h) | 43500 | 5915 |
|  |  | 11435 |
| **WEST VIRGINIA 0.0%**  |  |  |
| **Tobacco Settlement Finance Authority, West Virginia Revenue Bonds, Series 2007** <br>0.000% due 06/01/2047 (h) | 1200 | 111 |
| Total Municipal Bonds & Notes (Cost $12,969) |  | 11546 |
| **U.S. GOVERNMENT AGENCIES 2.8%**  |  |  |
| **Federal Home Loan Mortgage Corp. Military Housing Bonds Resecuritization Trust Certificates**<br>0.700% due 11/25/2055 ~(a)(m) | 59974 | 3581 |
| **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates**<br>2.010% due 11/25/2045 ~(a)(m) | 24637 | 747 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 2.863% due 08/15/2026 •(a) | 15 | 0 |
| 3.000% due 02/25/2051 (a) | 6526 | 1162 |
| 4.500% due 12/25/2050 (a)(m) | 3115 | 700 |
| **Federal Home Loan Mortgage Corp. Seasoned Credit Risk Transfer Trust**  |  |  |
| 1.612% due 11/25/2057 ~ | 1411 | 535 |
| 2.694% due 05/25/2064 ~(m) | 7131 | 3563 |
| 3.429% due 05/25/2057 ~(m) | 34972 | 15056 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 3.551% due 10/25/2058 ~ | 3178 | 1447 |
| 4.127% due 11/25/2061 ~(a)(m) | 19089 | 7725 |
| 4.221% due 11/25/2059 ~(m) | 20258 | 10323 |
| 5.000% due 04/25/2062 ~(m) | 6500 | 6072 |
| 5.118% due 05/25/2060 ~(m) | 11750 | 6836 |
| 6.934% due 03/25/2061 ~ | 2414 | 1496 |
| **Federal Home Loan Mortgage Corp. STACR REMICS Trust**  |  |  |
| 9.162% due 01/25/2034 •(m) | 7000 | 8547 |
| 11.162% due 10/25/2041 •(m) | 20205 | 20785 |
| **Federal National Mortgage Association Connecticut Avenue Securities Trust**<br>9.662% due 10/25/2041 •(m) | 23685 | 24180 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 0.000% due 02/25/2052 •(a) | 168341 | 522 |
| 1.500% due 02/25/2036 (a)(m) | 7631 | 304 |
| 4.000% due 09/25/2051 (a)(m) | 20266 | 4891 |
| Total U.S. Government Agencies (Cost $124,315) |  | 118472 |
| **U.S. TREASURY OBLIGATIONS 0.1%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.875% due 08/15/2045 (o)(q) | 2197 | 2190 |
| **U.S. Treasury Notes**  |  |  |
| 4.250% due 08/15/2035 (o)(q) | 3284 | 3272 |
| Total U.S. Treasury Obligations (Cost $5,621) |  | 5462 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 28.1%**  |  |  |
| **1211 Avenue of the Americas Trust** <br>4.142% due 08/10/2035 ~(m) | 3000 | 2817 |
| **280 Park Avenue Mortgage Trust**  |  |  |
| 6.089% due 09/15/2034 •(m)  | 9645 | 9459 |
| 6.797% due 09/15/2034 •(m)  | 7233 | 7034 |
| **Adjustable Rate Mortgage Trust**  |  |  |
| 4.333% due 02/25/2036 •  | 27 | 16 |
| 4.793% due 10/25/2035 •(m)  | 1434 | 1323 |
| 4.813% due 11/25/2035 •(m)  | 1560 | 1720 |
| 4.943% due 01/25/2035 •(m)  | 1265 | 1225 |
| 5.593% due 02/25/2035 •(m)  | 4361 | 3667 |
| **Alba PLC**  |  |  |
| 0.000% due 12/15/2038 (h)  | 0 | 458 |
| 8.865% due 12/15/2038 •  | 3491 | 2994 |
| **Angel Oak Mortgage Trust**  |  |  |
| 0.000% due 04/25/2053 ~(a)  | $44357 | 221 |
| 0.000% due 04/25/2053 ~(a)(m)  | 38458 | 3366 |
| 4.320% due 04/25/2053 ~(m)  | 5875 | 4591 |
| **Anthracite Investments Cayman Ltd.** <br>5.678% due 06/20/2041 | 6135 | 0 |
| **Arima Mortgages PLC**  |  |  |
| 0.000% due 07/28/2056 (a)(m)  | 9500 | 8793 |
| 0.000% due 07/28/2056 (b)(h)(m)  | 43339 | 52224 |
| 0.000% due 07/28/2056 (b)(h)  | 1900 | 2290 |
| **Ashford Hospitality Trust** <br>6.945% due 04/15/2035 •(m) | $15356 | 15151 |
| **Atrium Hotel Portfolio Trust** <br>7.020% due 12/15/2036 •(m) | 14436 | 13670 |
| **BAMLL Commercial Mortgage Securities Trust**  |  |  |
| 2.627% due 01/15/2032 (m)  | 11620 | 10603 |
| 3.606% due 08/14/2034 ~(m)  | 6216 | 1373 |
| 7.537% due 09/15/2038 •(m)  | 12930 | 11880 |
| **BAMLL Re-REMICS Trust** <br>5.617% due 06/17/2050 ~(m) | 3000 | 535 |
| **Banc of America Funding Trust**  |  |  |
| 1.466% due 10/25/2036 •(m)  | 17453 | 6545 |
| 4.108% due 02/27/2037 ~(m)  | 2463 | 2681 |
| 4.999% due 08/25/2047 ~(m)  | 1157 | 940 |
| 6.000% due 07/25/2036 (m)  | 2028 | 1618 |
| **Banc of America Mortgage Trust** <br>6.277% due 06/25/2034 ~ | 96 | 82 |
| **Bank of America Mortgage Trust** <br>5.750% due 07/20/2032 ~ | 15 | 14 |
| **BBCCRE Trust**  |  |  |
| 3.966% due 08/10/2033 (m)  | 3900 | 3646 |
| 4.216% due 08/10/2033 (m)  | 3000 | 2696 |
| 4.563% due 08/10/2033 ~(m)  | 15960 | 12562 |
| **BBCMS Mortgage Trust**  |  |  |
| 3.688% due 02/15/2053 ~(m)  | 6000 | 3763 |
| 7.520% due 07/15/2037 •(m)  | 5300 | 3914 |
| **BCAP LLC Trust**  |  |  |
| 3.477% due 08/28/2037 ~(m)  | 11022 | 7257 |
| 4.166% due 05/26/2037 ~(m)  | 2227 | 2162 |
| 6.000% due 05/26/2037 ~(m)  | 5528 | 4567 |
| 6.500% due 06/26/2037 ~  | 1962 | 450 |
| **BCP Trust**  |  |  |
| 4.586% due 06/15/2038 •(m)  | 800 | 729 |
| 7.425% due 06/15/2038 •(m)  | 4900 | 370 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 8.421% due 06/15/2038 •(m)  | 7000 | 296 |
| **Bear Stearns ALT-A Trust** <br>5.224% due 06/25/2034 ~ | 81 | 56 |
| **Bear Stearns Commercial Mortgage Securities Trust** <br>5.657% due 10/12/2041 ~ | 9 | 9 |
| **Beast Mortgage Trust**  |  |  |
| 4.837% due 03/15/2036 •(m)  | 6700 | 5972 |
| 8.237% due 03/15/2036 •(m)  | 3125 | 342 |
| **Benchmark Mortgage Trust**  |  |  |
| 2.994% due 04/15/2054 ~(m)  | 7800 | 4947 |
| 3.075% due 12/15/2062 ~  | 1300 | 37 |
| **BFLD Trust**  |  |  |
| 6.737% due 10/15/2035 •  | 950 | 10 |
| 7.487% due 10/15/2035 •  | 7000 | 53 |
| 7.987% due 10/15/2035 •  | 5130 | 19 |
| **BMO Mortgage Trust** <br>3.269% due 02/17/2055 ~(m) | 12569 | 11785 |
| **Bridgegate Funding PLC**  |  |  |
| 0.000% due 10/16/2062 ~(m)  | 25556 | 30528 |
| 0.000% due 10/16/2062 ~  | 13289 | 3591 |
| 0.000% due 10/16/2062 (h)  | 3705 | 0 |
| 9.744% due 10/16/2062 •(m)  | 15333 | 20288 |
| 12.744% due 10/16/2062 •(m)  | 7667 | 14806 |
| **BSST Mortgage Trust** <br>4.973% due 02/15/2037 •  | $900 | 796 |
| **BWAY Mortgage Trust**  |  |  |
| 7.637% due 09/15/2036 •(m)  | 4654 | 4182 |
| 8.637% due 09/15/2036 •(m)  | 6611 | 5515 |
| 9.637% due 09/15/2036 •(m)  | 3000 | 2315 |
| **BX Commercial Mortgage Trust** <br>6.713% due 01/17/2039 •(m) | 10085 | 10073 |
| **CD Mortgage Trust** <br>5.688% due 10/15/2048 | 184 | 174 |
| **Chase Mortgage Finance Trust** <br>4.531% due 03/25/2037 ~ | 32 | 30 |
| **Chevy Chase Funding LLC Mortgage-Backed Certificates** <br>4.163% due 01/25/2036 •(m) | 2768 | 2071 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 4.493% due 05/25/2035 •(m)  | 3791 | 3079 |
| 4.657% due 09/20/2036 ~  | 47 | 42 |
| **Citigroup Commercial Mortgage Trust**  |  |  |
| 3.790% due 12/15/2072 ~  | 2800 | 620 |
| 3.790% due 12/15/2072 ~(m)  | 12250 | 5796 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.143% due 11/25/2036 •(m)  | 3494 | 2784 |
| 4.250% due 02/25/2054 ~(m)  | 13555 | 13014 |
| 4.919% due 11/25/2036 ~  | 425 | 278 |
| 5.677% due 08/25/2035 ~(m)  | 2460 | 2304 |
| 6.000% due 08/25/2035 (m)  | 2960 | 2633 |
| **City of Port Huron Water Supply System Revenue** <br>7.750% due 11/01/2045 «(l) | 118475 | 118280 |
| **CLNY Trust**  |  |  |
| 6.059% due 11/15/2038 •(m)  | 1600 | 1534 |
| 6.755% due 11/15/2038 •(m)  | 6000 | 5657 |
| 7.451% due 11/15/2038 •(m)  | 12700 | 10981 |
| **COMM Mortgage Trust**  |  |  |
| 1.363% due 10/10/2048 ~(a)(m)  | 28636 | 0 |
| 2.819% due 01/10/2039 (m)  | 1500 | 1457 |
| 9.787% due 12/15/2038 •(m)  | 5260 | 4846 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.173% due 07/25/2046 •(m)  | 383 | 429 |
| 4.213% due 05/25/2047 •(m)  | 2339 | 1535 |
| 4.273% due 12/25/2046 •  | 153 | 101 |
| 4.570% due 12/20/2035 •  | 344 | 355 |
| 8.189% due 02/25/2035 ~  | 162 | 128 |
| **Credit Suisse First Boston Mortgage Securities Corp.**  |  |  |
| 4.795% due 12/25/2033 ~  | 476 | 447 |
| 4.981% due 07/15/2037 ~  | 11 | 10 |
| **CSFB Mortgage-Backed Pass-Through Certificates** <br>7.500% due 10/25/2032 | 409 | 265 |
| **CSMC Mortgage-Backed Trust**  |  |  |
| 5.180% due 01/15/2049 ~  | 2500 | 131 |
| 5.180% due 01/15/2049 ~(m)  | 8570 | 4138 |
| 6.500% due 07/25/2036  | 488 | 93 |
| **CSMC Trust**  |  |  |
| 3.613% due 11/10/2032 ~(m)  | 4900 | 788 |
| 4.008% due 12/27/2036 •  | 2027 | 483 |
| 4.041% due 10/27/2036 •(m)  | 11540 | 7792 |
| 4.194% due 11/27/2037 ~(m)  | 3302 | 3190 |
| 5.187% due 07/15/2038 •(m)  | 6010 | 5339 |
| 6.994% due 07/15/2032 •(m)  | 10000 | 9948 |
| 7.536% due 06/27/2037 ~(m)  | 1139 | 994 |
| 8.044% due 07/15/2032 •(m)  | 22329 | 22286 |
| 9.044% due 07/15/2032 •(m)  | 7503 | 7366 |
| **CSWF Corp.** <br>4.854% due 06/15/2034 •(m) | 671 | 660 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **DBGS Mortgage Trust** <br>4.195% due 04/10/2037 ~(m) | 21777 | 16437 |
| **Deutsche Mortgage Securities, Inc. Re-REMICS Trust Certificates** <br>4.158% due 09/28/2036 ~(m) | 3087 | 2275 |
| **DOLP Trust** <br>3.704% due 05/10/2041 ~(m) | 15950 | 11895 |
| **DROP Mortgage Trust** <br>6.537% due 10/15/2043 •(m) | 5806 | 5679 |
| **Eurosail-U.K. PLC**  |  |  |
| 2.962% due 03/13/2045 •  | 250 | 256 |
| 4.165% due 06/13/2045 •(m)  | 1792 | 2322 |
| 5.215% due 06/13/2045 •(m)  | 5421 | 6108 |
| 7.365% (SONIO/N + 3.619%) due 06/13/2045 ~(m)  | 1525 | 1507 |
| 7.865% due 06/13/2045 •(m)  | 1781 | 1950 |
| **FIAC** <br>0.000% due 06/25/2039 « | 1000 | 0 |
| **Fremont Home Loan Trust** <br>5.893% due 01/25/2034 •(m) | $1883 | 1676 |
| **GC Pastor Hipotecario 5 FTA** <br>2.278% due 06/21/2046 •(m) | 2010 | 2160 |
| **GMAC Commercial Mortgage Asset Corp.** <br>5.550% due 08/10/2038 (m) | $691 | 676 |
| **Great Hall Mortgages PLC** <br>0.000% due 06/25/2039 « | 1000 | 10652 |
| **GreenPoint Mortgage Funding Trust** <br>4.333% due 10/25/2045 •(m) | $15976 | 10864 |
| **GS Mortgage Securities Corp. Trust** <br>7.190% due 12/15/2036 •(m) | 3058 | 2771 |
| **GS Mortgage-Backed Securities Corp. Trust**  |  |  |
| 0.000% due 12/25/2060 ~  | 80 | 76 |
| 0.000% due 12/25/2060 ~(a)(m)  | 88653 | 2810 |
| 0.165% due 12/25/2060 ~(a)  | 76144 | 610 |
| 3.923% due 12/25/2060 ~(m)  | 20531 | 13913 |
| **GS Mortgage-Backed Securities Trust**  |  |  |
| 0.000% due 07/25/2059 ~(a)  | 71519 | 757 |
| 0.000% due 11/25/2061 ~(a)(m)  | 204012 | 9607 |
| 3.746% due 07/25/2059 ~(m)  | 6871 | 4621 |
| 7.596% due 11/25/2061 ~(m)  | 3164 | 2768 |
| **GSMSC Resecuritization Trust** <br>2.964% due 09/26/2037 ~(m) | 38199 | 14262 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.271% due 12/19/2036 •(m)  | 2042 | 2006 |
| 4.451% due 03/19/2035 •(m)  | 1261 | 1282 |
| **Hilton USA Trust**  |  |  |
| 2.828% due 11/05/2035 (m)  | 1000 | 857 |
| 3.323% due 11/05/2035 (m)  | 2500 | 1225 |
| 5.519% due 11/05/2035  | 3000 | 7 |
| 6.155% due 11/05/2035  | 1250 | 1 |
| **HSI Asset Loan Obligation Trust** <br>6.500% due 06/25/2037 (m) | 6381 | 2260 |
| **Impac CMB Trust**  |  |  |
| 4.073% due 11/25/2035 •  | 794 | 724 |
| 4.313% due 11/25/2035 •(m)  | 7127 | 6551 |
| **JP Morgan Alternative Loan Trust**  |  |  |
| 4.213% due 03/25/2037 •(m)  | 4203 | 3541 |
| 4.513% due 12/25/2036 ~(m)  | 9760 | 8032 |
| **JP Morgan Chase Commercial Mortgage Securities Trust**  |  |  |
| 3.500% due 07/15/2047 ~(m)  | 355 | 19 |
| 3.861% due 12/05/2038 ~(m)  | 5740 | 1077 |
| 3.861% due 12/05/2038 ~  | 2858 | 550 |
| 5.087% due 03/15/2036 •(m)  | 5800 | 5396 |
| 5.287% due 09/15/2029 •(m)  | 648 | 629 |
| 5.617% due 06/15/2049 ~  | 14793 | 2640 |
| 6.537% due 12/15/2036 •  | 4240 | 11 |
| 6.970% due 02/15/2035 •(m)  | 17361 | 16609 |
| 7.427% due 06/15/2038 •(m)  | 5000 | 3231 |
| 7.637% due 03/15/2036 •(m)  | 5000 | 2389 |
| 7.970% due 02/15/2035 •(m)  | 7734 | 6724 |
| 8.637% due 03/15/2036 •  | 400 | 103 |
| **JP Morgan Mortgage Trust** <br>5.630% due 06/25/2036 ~ | 6 | 4 |
| **JP Morgan Resecuritization Trust** <br>0.000% due 05/26/2036 ~(a)(m) | 7292 | 1353 |
| **KeyCorp Student Loan Trust** <br>1.000% due 01/01/2050 « | 400 | 23465 |
| **KREST Commercial Mortgage Securities Trust** <br>2.927% due 11/05/2044 ~(m) | 22339 | 14381 |
| **Ludgate Funding PLC** <br>0.000% due 12/01/2060 «~ | 750000 | 500 |
| **Mansard Mortgages PLC** <br>7.363% due 10/15/2048 •(m) | 1913 | 2416 |
| **MASTR Adjustable Rate Mortgages Trust** <br>4.405% due 04/25/2035 ~ | $678 | 498 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.528% due 07/25/2029 •  | 168 | 151 |
| 5.143% due 07/25/2029 •  | 7 | 5 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **MFT Mortgage Trust** <br>3.477% due 02/10/2042 ~(m) | 4500 | 3222 |
| **Morgan Stanley Capital I Trust**  |  |  |
| 3.912% due 09/09/2032 (m)  | 12000 | 11126 |
| 4.570% due 08/15/2033 •(m)  | 6331 | 5209 |
| 5.287% due 05/15/2036 •(m)  | 4500 | 416 |
| 5.670% due 06/15/2035 •  | 1200 | 129 |
| 6.170% due 11/15/2034 •(m)  | 2500 | 2472 |
| 7.120% due 11/15/2034 •(m)  | 21060 | 20834 |
| **Morgan Stanley Mortgage Loan Trust** <br>5.818% due 07/25/2034 •  | 84 | 82 |
| **Morgan Stanley Resecuritization Trust** <br>4.086% due 06/26/2046 ~(m) | 9434 | 8697 |
| **Morgan Stanley Residential Mortgage Loan Trust**  |  |  |
| 0.325% due 01/25/2070 ~(a)(m)  | 88240 | 383 |
| 1.358% due 01/25/2070 ~(a)(m)  | 88240 | 2780 |
| 7.112% due 01/25/2070 ~(m)  | 3262 | 3154 |
| **Mortgage Equity Conversion Asset Trust** <br>4.000% due 07/25/2060 | 12 | 11 |
| **Mortgage Funding PLC** <br>7.065% due 03/13/2046 •(m) | 1700 | 2253 |
| **MRCD Mortgage Trust**  |  |  |
| 2.718% due 12/15/2036 (m)  | $11000 | 5418 |
| 4.250% due 12/15/2036 (m)  | 3125 | 1381 |
| 4.250% due 12/15/2036 ~(m)  | 1700 | 225 |
| **MSDB Trust** <br>3.316% due 07/11/2039 ~(m) | 3500 | 3387 |
| **MSSG Trust** <br>3.740% due 09/13/2039 ~(m) | 8006 | 7075 |
| **Natixis Commercial Mortgage Securities Trust**  |  |  |
| 4.058% due 04/10/2037 ~(m)  | 4000 | 2786 |
| 8.866% due 03/15/2035 •(m)  | 2469 | 2474 |
| **New Residential Mortgage Loan Trust**  |  |  |
| 0.000% due 11/25/2065 ~(a)(m)  | 278416 | 8447 |
| 0.250% due 01/25/2065 ~(a)  | 236370 | 1624 |
| 0.250% due 11/25/2065 ~(a)  | 278416 | 1141 |
| 0.250% due 12/25/2065 ~(a)  | 279396 | 1489 |
| 1.226% due 01/25/2065 ~(a)(m)  | 236370 | 6040 |
| 1.664% due 12/25/2065 ~(a)(m)  | 279396 | 10486 |
| 3.970% due 07/25/2059 ~(m)  | 12875 | 10323 |
| 6.566% due 12/25/2065 ~(m)  | 4232 | 3828 |
| 6.600% due 11/25/2065 ~(m)  | 3870 | 3444 |
| 7.015% due 01/25/2065 ~(m)  | 10971 | 10346 |
| **Nomura Resecuritization Trust**  |  |  |
| 3.688% due 07/26/2035 ~  | 221 | 196 |
| 3.981% due 10/26/2036 •(m)  | 6551 | 5838 |
| **Project Cashmere**  |  |  |
| 0.010% due 12/30/2057 «(c)  | 34695 | 23938 |
| 7.563% due 12/30/2057 «(c)  | 13678 | 9437 |
| 8.643% due 12/30/2057 «(c)  | 15434 | 10649 |
| **RALI Trust** <br>6.000% due 01/25/2037 | $107 | 85 |
| **RBSSP Resecuritization Trust** <br>4.488% due 10/26/2037 •(m) | 2306 | 1101 |
| **Residential Asset Securitization Trust** <br>5.750% due 03/25/2037 | 1769 | 513 |
| **Seasoned Credit Risk Transfer Trust** <br>5.000% due 06/25/2065 ~(m) | 4900 | 4143 |
| **Seasoned Loans Structured Transaction Trust** <br>8.838% due 04/25/2061 ~(m) | 51753 | 47998 |
| **Sequoia Mortgage Trust**  |  |  |
| 4.735% due 10/20/2035 •  | 3 | 3 |
| 4.765% due 07/20/2033 •  | 23 | 22 |
| 5.245% due 12/20/2032 •  | 107 | 70 |
| **SFO Commercial Mortgage Trust** <br>6.687% due 05/15/2038 •(m) | 10000 | 9893 |
| **SG Residential Mortgage Trust**  |  |  |
| 0.000% due 05/25/2065 «~(a)(m)  | 28575 | 3 |
| 0.000% due 05/25/2065 ~(a)(m)  | 28575 | 1621 |
| 0.375% due 05/25/2065 ~(a)(m)  | 28593 | 257 |
| 5.234% due 05/25/2065 ~(m)  | 5143 | 3743 |
| **SMRT Commercial Mortgage Trust** <br>7.023% due 01/15/2039 •(m) | 5442 | 5312 |
| **Soho Trust** <br>2.697% due 08/10/2038 ~(m) | 13626 | 10946 |
| **Starwood Mortgage Residential Trust** <br>3.935% due 11/25/2066 ~(m) | 800 | 596 |
| **Starwood Mortgage Trust**  |  |  |
| 6.937% due 04/15/2034 •(m)  | 4738 | 4709 |
| 7.937% due 04/15/2034 •(m)  | 6612 | 6617 |
| **Stratton Mortgage Funding PLC**  |  |  |
| 0.000% due 06/28/2050 (b)(h)(m)  | 5663 | 6193 |
| 0.000% due 06/28/2050 (h)(m)  | 0 | 619 |
| 0.000% due 06/20/2060 (b)(h)(m)  | 6241 | 6998 |
| 0.000% due 06/20/2060 (h)(m)  | 0 | 3637 |
| 7.745% due 06/20/2060 •(m)  | 624 | 910 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 8.745% due 06/20/2060 •(m)  | 624 | 931 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 4.323% due 12/25/2034 •(m)  | $1751 | 1364 |
| 4.443% due 10/25/2035 •(m)  | 3595 | 3541 |
| **Structured Asset Mortgage Investments II Trust** <br>4.213% due 09/25/2047 •(m) | 1330 | 1234 |
| **TBW Mortgage-Backed Trust** <br>6.830% due 09/25/2036 þ(m) | 4166 | 1694 |
| **TDA 27 FTA** <br>2.325% due 12/28/2050 •(m) | 9846 | 10334 |
| **TDA 28 FTA** <br>2.238% due 10/28/2050 •(m) | 21162 | 13397 |
| **Verus Securitization Trust**  |  |  |
| 0.430% due 10/25/2063 ~(a)(m)  | $100410 | 137 |
| 5.096% due 10/25/2063 ~(a)(m)  | 100410 | 8681 |
| 6.000% due 10/25/2063 ~(m)  | 8976 | 9098 |
| 7.799% due 06/25/2069 ~(m)  | 1000 | 1010 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.629% due 05/25/2047 •(m)  | 458 | 559 |
| 4.693% due 04/25/2045 •(m)  | 10243 | 8690 |
| 4.798% due 07/25/2045 •(m)  | 5134 | 4254 |
| 4.907% due 08/25/2046 •(m)  | 6324 | 5133 |
| 5.348% due 05/25/2035 ~(m)  | 410 | 353 |
| **Wells Fargo Commercial Mortgage Trust**  |  |  |
| 0.392% due 12/15/2039 ~(a)(m)  | 352278 | 3587 |
| 3.454% due 12/15/2039 ~(m)  | 7935 | 6438 |
| 4.928% due 12/15/2039 ~(m)  | 11535 | 10267 |
| **Wells Fargo Mortgage-Backed Securities Trust** <br>6.458% due 08/25/2035 ~(m) | 837 | 687 |
| **Worldwide Plaza Trust**  |  |  |
| 3.526% due 11/10/2036 (m)  | 10000 | 7994 |
| 3.596% due 11/10/2036 ~(m)  | 16000 | 169 |
| 3.596% due 11/10/2036 ~  | 3465 | 351 |
| Total Non-Agency Mortgage-Backed Securities (Cost $1,326,614) |  | 1209005 |
| **ASSET-BACKED SECURITIES 20.9%**  |  |  |
| **AUTOMOBILE ABS OTHER 0.1%**  |  |  |
| **Ally Bank Auto Credit-Linked Notes**  |  |  |
| 6.678% due 09/15/2032  | 306 | 308 |
| 11.395% due 09/15/2032  | 459 | 468 |
| **Carvana Auto Receivables Trust** <br>0.000% due 09/12/2028 (h) | 12 | 487 |
| **Exeter Automobile Receivables Trust** <br>0.000% due 12/15/2033 (h) | 17 | 661 |
| **FHF Trust** <br>7.050% due 01/15/2030 (m) | 1000 | 1000 |
| **Flagship Credit Auto Trust**  |  |  |
| 0.000% due 12/15/2027 «(h)  | 20 | 900 |
| 0.000% due 12/15/2028 «(h)  | 8 | 100 |
| **SBNA Auto Receivables Trust** <br>8.710% due 06/15/2033 | 1600 | 1617 |
|  |  | 5541 |
| **AUTOMOBILE SEQUENTIAL 0.4%**  |  |  |
| **CPS Auto Securitization Trust** <br>11.000% due 06/16/2032 «(m) | 15461 | 15685 |
| **CMBS OTHER 0.0%**  |  |  |
| **LNR CDO III Ltd.** <br>4.069% due 02/28/2043 •  | 2058 | 0 |
| **N-Star REL CDO VIII Ltd.** <br>4.199% due 02/01/2041 •  | 581 | 0 |
|  |  | 0 |
| **HOME EQUITY OTHER 14.4%**  |  |  |
| **ABFC Trust**  |  |  |
| 4.738% due 07/25/2034 •(m)  | 46 | 46 |
| 4.768% due 06/25/2035 •(m)  | 863 | 829 |
| 4.843% due 03/25/2035 •(m)  | 6466 | 5834 |
| 4.963% due 03/25/2035 •  | 117 | 93 |
| **Accredited Mortgage Loan Trust**  |  |  |
| 4.083% due 02/25/2037 •(m)  | 5235 | 4655 |
| 6.000% due 10/25/2034 þ(m)  | 1863 | 1673 |
| **ACE Securities Corp. Home Equity Loan Trust**  |  |  |
| 4.213% due 04/25/2036 •(m)  | 7944 | 6399 |
| 4.438% due 12/25/2035 •(m)  | 3059 | 2481 |
| 4.498% due 05/25/2035 •(m)  | 1 | 1 |
| 4.753% due 08/25/2035 •(m)  | 3606 | 3136 |
| 4.783% due 05/25/2035 •(m)  | 297 | 244 |
| 5.068% due 02/25/2035 •(m)  | 14432 | 10742 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.718% due 06/25/2034 •(m)  | 1024 | 878 |
| 7.168% due 04/25/2034 •  | 102 | 87 |
| 9.043% due 04/25/2034 •  | 33 | 28 |
| **Aegis Asset-Backed Securities Trust**  |  |  |
| 4.513% due 08/25/2035 •  | 18 | 17 |
| 4.753% due 08/25/2035 •  | 700 | 127 |
| 4.768% due 06/25/2035 •  | 800 | 254 |
| 5.493% due 03/25/2035 •(m)  | 5100 | 1130 |
| **Aegis Asset-Backed Securities Trust Mortgage Pass-Through Certificates** <br>6.943% due 09/25/2034 •  | 638 | 576 |
| **Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 4.708% due 09/25/2035 •(m)  | 313 | 317 |
| 4.738% due 11/25/2035 •(m)  | 400 | 357 |
| 4.738% due 01/25/2036 •(m)  | 1100 | 1044 |
| 4.768% due 05/25/2035 •(m)  | 158 | 155 |
| 4.813% due 09/25/2034 •(m)  | 175 | 174 |
| 4.813% due 01/25/2036 •(m)  | 1100 | 988 |
| **Argent Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 4.483% due 01/25/2036 •(m)  | 333 | 364 |
| 4.553% due 02/25/2036 •  | 165 | 136 |
| 4.588% due 10/25/2035 •(m)  | 38367 | 36715 |
| 5.593% due 11/25/2034 •(m)  | 1888 | 1799 |
| **Asset-Backed Securities Corp. Home Equity Loan Trust**  |  |  |
| 4.693% due 11/25/2035 •(m)  | 700 | 682 |
| 4.798% due 04/25/2035 •  | 7 | 8 |
| 4.813% due 05/25/2035 •(m)  | 184 | 182 |
| 4.873% due 04/25/2035 •(m)  | 200 | 187 |
| 5.368% due 10/25/2034 •  | 33 | 34 |
| **Bear Stearns Asset-Backed Securities I Trust**  |  |  |
| 4.193% due 08/25/2035 •(m)  | 4984 | 5077 |
| 4.496% due 09/25/2034 •(m)  | 4863 | 3915 |
| 4.813% due 04/25/2035 •(m)  | 301 | 304 |
| 4.813% due 10/25/2035 •(m)  | 114 | 114 |
| 4.873% due 12/25/2035 •(m)  | 799 | 806 |
| 5.518% due 08/25/2034 •  | 11 | 11 |
| 5.593% due 07/25/2034 •  | 64 | 74 |
| 6.058% due 12/25/2034 •  | 393 | 507 |
| **Bear Stearns Asset-Backed Securities Trust** <br>4.768% due 08/25/2036 •(m) | 3945 | 3647 |
| **CDC Mortgage Capital Trust** <br>6.343% due 06/25/2034 •(m) | 659 | 660 |
| **CHEC Loan Trust** <br>4.793% due 07/25/2034 •  | 45 | 45 |
| **CIT Mortgage Loan Trust** <br>5.543% due 10/25/2037 •(m) | 29727 | 29656 |
| **Citicorp Residential Mortgage Trust**  |  |  |
| 4.360% due 07/25/2036 þ(m)  | 204 | 203 |
| 4.363% due 11/25/2036 þ(m)  | 5660 | 5433 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>4.768% due 10/25/2035 •(m) | 683 | 498 |
| **Countrywide Asset-Backed Certificates**  |  |  |
| 4.783% due 05/25/2035 •  | 31 | 31 |
| 4.888% due 05/25/2035 •  | 136 | 135 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.093% due 06/25/2047 •(m)  | 26400 | 20810 |
| 4.168% due 06/25/2047 •(m)  | 28023 | 25352 |
| 4.423% due 06/25/2036 •(m)  | 4412 | 4157 |
| 4.453% due 06/25/2036 •(m)  | 2330 | 2267 |
| 4.753% due 02/25/2036 •(m)  | 2390 | 2146 |
| 4.889% due 05/25/2036 •  | 256 | 207 |
| 4.903% due 08/25/2035 •(m)  | 131 | 130 |
| 5.053% due 01/25/2036 •(m)  | 3674 | 3430 |
| 5.293% due 10/25/2047 •(m)  | 9916 | 8678 |
| 5.668% due 10/25/2035 •(m)  | 12296 | 10544 |
| 5.893% due 08/25/2035 •(m)  | 3489 | 2944 |
| 8.293% due 08/25/2033 •  | 235 | 353 |
| **Credit Suisse First Boston Mortgage Securities Corp.** <br>5.850% due 05/25/2035 þ(m) | 978 | 615 |
| **Credit-Based Asset Servicing & Securitization LLC**  |  |  |
| 4.843% due 07/25/2036 •(m)  | 638 | 758 |
| 6.283% due 12/25/2036 þ(m)  | 1722 | 1719 |
| 6.767% due 05/25/2035 þ(m)  | 1084 | 860 |
| **Delta Funding Home Equity Loan Trust** <br>8.100% due 01/15/2030 þ(m) | 1001 | 631 |
| **Encore Credit Receivables Trust**  |  |  |
| 4.528% due 07/25/2035 •  | 79 | 75 |
| 4.768% due 11/25/2035 •(m)  | 13839 | 12649 |
| 4.843% due 07/25/2035 •  | 232 | 208 |
| **FBR Securitization Trust**  |  |  |
| 4.723% due 09/25/2035 •(m)  | 1800 | 1641 |
| 4.768% due 11/25/2035 •(m)  | 1000 | 602 |
| **First NLC Trust** <br>2.904% due 05/25/2035 •(m) | 3275 | 2190 |
| **Fremont Home Loan Trust**  |  |  |
| 4.273% due 02/25/2036 •(m)  | 10774 | 7970 |
| 4.468% due 01/25/2036 •(m)  | 1300 | 1119 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.753% due 04/25/2035 •(m)  | 1200 | 1072 |
| 4.858% due 06/25/2035 •(m)  | 116 | 116 |
| 6.793% due 05/25/2034 •  | 24 | 22 |
| **GSAMP Trust**  |  |  |
| 4.213% due 05/25/2046 •(m)  | 28348 | 25515 |
| 4.243% due 06/25/2036 •(m)  | 7435 | 6537 |
| 4.453% due 12/25/2035 •(m)  | 6939 | 5380 |
| 4.468% due 12/25/2035 •(m)  | 20241 | 17976 |
| 4.573% due 09/25/2035 •(m)  | 4885 | 4334 |
| 5.143% due 07/25/2045 •(m)  | 1284 | 1104 |
| 5.668% due 03/25/2034 •(m)  | 2036 | 1731 |
| 6.418% due 12/25/2034 •(m)  | 9472 | 7458 |
| **Home Equity Asset Trust** <br>4.273% due 08/25/2036 •(m) | 30303 | 31076 |
| **Home Equity Mortgage Loan Asset-Backed Trust** <br>4.498% due 03/25/2036 •  | 302 | 237 |
| **HSI Asset Securitization Corp. Trust** <br>4.603% due 01/25/2036 •(m) | 24675 | 18761 |
| **JP Morgan Mortgage Acquisition Trust**  |  |  |
| 4.243% due 05/25/2036 •(m)  | 4638 | 4746 |
| 4.366% due 11/25/2036 þ(m)  | 2258 | 3108 |
| **Long Beach Mortgage Loan Trust**  |  |  |
| 4.708% due 08/25/2035 •(m)  | 1000 | 930 |
| 4.918% due 04/25/2035 •(m)  | 1800 | 1774 |
| 4.918% due 06/25/2035 •(m)  | 15032 | 14476 |
| 4.943% due 09/25/2034 •  | 182 | 186 |
| 5.668% due 04/25/2035 •(m)  | 4361 | 3654 |
| 5.743% due 09/25/2034 •  | 64 | 69 |
| 8.293% due 10/25/2034 •(m)  | 1050 | 944 |
| **MASTR Asset-Backed Securities Trust**  |  |  |
| 4.408% due 01/25/2036 •(m)  | 9151 | 8335 |
| 4.693% due 10/25/2035 •(m)  | 400 | 376 |
| 4.768% due 05/25/2035 •  | 14 | 16 |
| 4.798% due 03/25/2035 •  | 326 | 330 |
| 4.813% due 03/25/2035 •  | 208 | 170 |
| 4.843% due 05/25/2035 •(m)  | 400 | 402 |
| 4.873% due 03/25/2035 •  | 479 | 459 |
| 9.643% due 12/25/2032 •  | 444 | 352 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.663% due 05/25/2036 •(m)  | 4301 | 3674 |
| 4.698% due 01/25/2035 •  | 46 | 45 |
| 4.738% due 02/25/2036 •  | 145 | 146 |
| 4.828% due 02/25/2036 •  | 80 | 79 |
| 4.918% due 08/25/2036 •(m)  | 2240 | 3125 |
| 5.938% due 04/25/2035 •(m)  | 636 | 624 |
| 6.718% due 01/25/2035 •  | 272 | 245 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 3.863% due 10/25/2036 •  | 192 | 100 |
| 4.498% due 11/25/2035 •(m)  | 5825 | 5134 |
| 4.828% due 03/25/2035 •(m)  | 253 | 234 |
| 4.858% due 03/25/2035 •(m)  | 8770 | 7674 |
| 4.888% due 01/25/2035 •(m)  | 261 | 234 |
| 5.518% due 07/25/2034 •  | 9 | 14 |
| 5.593% due 07/25/2034 •  | 15 | 15 |
| 5.593% due 06/25/2035 •(m)  | 6213 | 5169 |
| 9.043% due 07/25/2034 •  | 550 | 549 |
| 9.418% due 09/25/2033 •(m)  | 1543 | 1618 |
| **Morgan Stanley Capital I, Inc. Trust** <br>4.348% due 01/25/2036 •(m) | 3698 | 3156 |
| **Morgan Stanley Home Equity Loan Trust** <br>4.858% due 05/25/2035 •(m) | 5603 | 5551 |
| **New Century Home Equity Loan Trust**  |  |  |
| 4.438% due 12/25/2035 •(m)  | 287 | 279 |
| 4.468% due 12/25/2035 •(m)  | 573 | 518 |
| 4.573% due 03/25/2035 •(m)  | 148 | 148 |
| 4.738% due 06/25/2035 •(m)  | 76 | 82 |
| 4.768% due 06/25/2035 •(m)  | 291 | 292 |
| 4.813% due 06/25/2035 •(m)  | 366 | 384 |
| 4.918% due 03/25/2035 •(m)  | 222 | 223 |
| **Nomura Home Equity Loan, Inc. Home Equity Loan Trust**  |  |  |
| 4.408% due 11/25/2035 •(m)  | 10779 | 7899 |
| 4.708% due 05/25/2035 •(m)  | 525 | 424 |
| 4.873% due 09/25/2035 •(m)  | 3000 | 2682 |
| **NovaStar Mortgage Funding Trust** <br>4.678% due 01/25/2036 •(m) | 4500 | 3886 |
| **Option One Mortgage Loan Trust Asset-Backed Certificates** <br>4.693% due 11/25/2035 •(m) | 6337 | 5470 |
| **Park Place Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 4.009% due 07/25/2035 •(m)  | 400 | 359 |
| 4.708% due 09/25/2035 •(m)  | 19210 | 15168 |
| 5.263% due 01/25/2035 •(m)  | 1730 | 1481 |
| 5.893% due 12/25/2034 •(m)  | 17380 | 14724 |
| **People's Choice Home Loan Securities Trust** <br>4.768% due 05/25/2035 •(m) | 200 | 145 |
| **Popular ABS Mortgage Pass-Through Trust** <br>4.258% due 11/25/2036 •(m) | 8602 | 7746 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Residential Asset Mortgage Products Trust** <br>4.333% due 03/25/2036 •(m) | 14616 | 11942 |
| **Residential Asset Securities Corporation Trust** <br>4.738% due 12/25/2035 •(m) | 484 | 409 |
| **Saxon Asset Securities Trust** <br>4.593% due 09/25/2047 •(m) | 10946 | 8922 |
| **SG Mortgage Securities Trust** <br>4.153% due 02/25/2036 •(m) | 4212 | 2055 |
| **Soundview Home Equity Loan Trust** <br>5.593% due 03/25/2030 •  | 18 | 21 |
| **Soundview Home Loan Trust**  |  |  |
| 4.168% due 10/25/2036 •(m)  | 21928 | 22509 |
| 4.258% due 06/25/2036 •(m)  | 10075 | 9060 |
| 4.768% due 11/25/2035 •(m)  | 403 | 401 |
| **Structured Asset Investment Loan Trust**  |  |  |
| 4.293% due 06/25/2036 •(m)  | 15000 | 6420 |
| 4.543% due 10/25/2035 •(m)  | 21337 | 18331 |
| 4.768% due 06/25/2035 •(m)  | 8066 | 7368 |
| **Structured Asset Securities Corp.** <br>4.993% due 02/25/2035 •  | 414 | 415 |
| **Structured Asset Securities Corp. Mortgage Loan Trust** <br>4.138% due 02/25/2037 •(m) | 16902 | 14543 |
| **Terwin Mortgage Trust**  |  |  |
| 4.159% due 07/25/2036 þ(m)  | 435 | 328 |
| 4.333% due 07/25/2037 •(m)  | 11299 | 10778 |
| **Wells Fargo Home Equity Asset-Backed Securities Trust** <br>6.343% due 11/25/2035 •  | 250 | 246 |
|  |  | 620233 |
| **MANUFACTURING HOUSE ABS OTHER 0.1%**  |  |  |
| **Conseco Finance Securitizations Corp.** <br>7.150% due 05/01/2033 ~ | 1473 | 1520 |
| **GreenPoint Manufactured Housing** <br>9.230% due 12/15/2029 ~ | 72 | 73 |
|  |  | 1593 |
| **MANUFACTURING HOUSE SEQUENTIAL 0.1%**  |  |  |
| **BCMSC Trust** <br>7.850% due 12/15/2029 ~ | 4066 | 229 |
| **Conseco Finance Securitizations Corp.**  |  |  |
| 8.260% due 12/01/2030 ~(m)  | 15419 | 2366 |
| 8.850% due 12/01/2030 ~(m)  | 19044 | 2029 |
|  |  | 4624 |
| **WHOLE LOAN COLLATERAL 0.3%**  |  |  |
| **Citigroup Mortgage Loan Trust, Inc.** <br>6.030% due 11/25/2034 þ(m) | 4095 | 3606 |
| **First Franklin Mortgage Loan Trust** <br>4.843% due 03/25/2035 •(m) | 566 | 546 |
| **GSAMP Trust** <br>5.518% due 08/25/2034 •  | 445 | 449 |
| **Lehman XS Trust** <br>4.543% due 08/25/2035 •(m) | 7494 | 7519 |
| **Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates** <br>4.843% due 04/25/2035 •(m) | 81 | 81 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 4.768% due 12/25/2034 •(m)  | 1381 | 1207 |
| 4.768% due 04/25/2035 •(m)  | 895 | 811 |
|  |  | 14219 |
| **OTHER ABS 5.5%**  |  |  |
| **ABSLT DE LLC** <br>12.175% due 05/20/2033 « | 31400 | 30878 |
| **Acacia CDO 5 Ltd.** <br>7.600% due 11/08/2039 •(m) | 27882 | 6007 |
| **AIM Aviation Finance Ltd.** <br>6.213% due 02/15/2040 þ(m) | 3213 | 3154 |
| **Anchorage Credit Funding 13 Ltd.** <br>0.000% due 07/27/2039 ~(m) | 8500 | 4946 |
| **Avoca CLO XIII DAC** <br>0.000% due 04/15/2034 ~ | 2250 | 872 |
| **Belle Haven ABS CDO Ltd.** <br>7.000% due 07/05/2046 •  | $96561 | 211 |
| **C-BASS CBO XIII Ltd.** <br>7.020% due 03/17/2040 •  | 51642 | 487 |
| **C-BASS CBO XVI Corp.** <br>7.000% due 09/06/2041 •  | 21238 | 102 |
| **C-BASS CBO XVIII Ltd.**  |  |  |
| 4.771% due 03/13/2047 •  | 54782 | 6 |
| 5.538% due 03/13/2047  | 31297 | 2 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Carlyle Global Market Strategies CLO Ltd.** <br>0.000% due 04/17/2031 ~ | 2900 | 31 |
| **Cedar Funding IX CLO Ltd.** <br>0.000% due 07/20/2037 ~(m) | 12000 | 2870 |
| **College Avenue Student Loans Trust**  |  |  |
| 0.000% due 06/25/2054 «(h)(m)  | 22 | 12125 |
| 8.660% due 06/25/2054 (m)  | 3989 | 4214 |
| **Coronado CDO Ltd.**  |  |  |
| 5.418% due 09/04/2038 •(m)  | 1569 | 447 |
| 6.000% due 09/04/2038 (m)  | 224 | 74 |
| **Deutsche Bank AG** <br>10.918% due 01/21/2035 «•  | 10100 | 10151 |
| **Deutsche Mortgage & Asset Receiving Corp. Re-securitization Trust** <br>0.000% due 12/26/2035 (h)(m) | 1383 | 970 |
| **Eaton Vance CLO Ltd.** <br>0.000% due 10/15/2038 ~(m) | 38315 | 10282 |
| **ECAF I Ltd.** <br>3.473% due 06/15/2040 (m) | 1413 | 1269 |
| **GreenSky Home Improvement Issuer Trust** <br>8.750% due 10/27/2059 | 430 | 445 |
| **Harvest CLO XV DAC** <br>0.000% due 05/22/2029 ~ | 2000 | 78 |
| **Hout Bay Corp.**  |  |  |
| 4.716% due 07/05/2041 •  | $13905 | 2176 |
| 4.916% due 07/05/2041 •  | 8111 | 10 |
| 5.046% due 07/05/2041 ^•(e)  | 3290 | 0 |
| **KeyCorp Student Loan Trust** <br>1.000% due 01/01/2050 « | 200 | 8845 |
| **Knollwood CDO Ltd.** <br>7.200% due 01/10/2039 •(m) | 8051 | 2701 |
| **Labrador Aviation Finance Ltd.** <br>4.300% due 01/15/2042 (m) | 2423 | 2487 |
| **Lakeside CDO II Ltd./Lakeside CDO II, Inc.**  |  |  |
| 5.101% due 01/03/2040 •(m)  | 14637 | 3393 |
| 5.101% due 01/04/2040 •(m)  | 19584 | 4540 |
| **LendingPoint Asset Securitization Trust** <br>5.990% due 10/15/2029 | 45 | 45 |
| **LendingPoint Pass-Through Trust**  |  |  |
| 0.000% due 03/15/2028 (h)  | 2300 | 141 |
| 0.000% due 04/15/2028 «(h)  | 2900 | 273 |
| **Man GLG Euro CLO I DAC** <br>0.000% due 10/15/2030 ~ | 1431 | 2 |
| **Margate Funding Ltd.**  |  |  |
| 7.080% due 12/04/2044 •(m)  | $30325 | 5010 |
| 7.350% due 12/04/2044 ^•(e)  | 29618 | 0 |
| **Marlette Funding Trust**  |  |  |
| 0.000% due 07/16/2029 «(h)  | 4 | 0 |
| 0.000% due 03/15/2030 «(h)  | 11 | 4 |
| **Mercury CDO Ltd.** <br>4.824% due 12/08/2040 •(m) | 5547 | 4862 |
| **MKP CBO IV Ltd.** <br>7.250% due 07/12/2040 •(m) | 43784 | 12911 |
| **National Collegiate II Commutation Trust** <br>3.748% due 06/01/2045 | 22875 | 480 |
| **Pagaya AI Debt Grantor Trust**  |  |  |
| 0.000% due 04/15/2032 «~  | 700 | 276 |
| 5.617% due 04/15/2032 «  | 302 | 302 |
| 5.823% due 04/15/2032 «  | 450 | 450 |
| 6.261% due 04/15/2032 «  | 470 | 470 |
| 10.273% due 04/15/2032 «(m)  | 580 | 565 |
| **Palisades CDO Ltd.**  |  |  |
| 5.650% due 07/22/2039 (m)  | 1952 | 462 |
| 7.700% due 07/22/2039 •(m)  | 20889 | 6823 |
| **Putnam Structured Product Funding Ltd.** <br>5.187% due 10/15/2038 •(m) | 2366 | 1221 |
| **RCKT Trust** <br>7.830% due 11/27/2034 (m) | 1600 | 1571 |
| **Rockford Tower CLO Ltd.**  |  |  |
| 0.000% due 01/20/2036 «~(m)  | 8300 | 4964 |
| 1.000% due 01/20/2032 «  | 8300 | 46 |
| **RR 7 Ltd.** <br>0.000% due 01/15/2120 ~(m) | 5000 | 1132 |
| **Sierra Madre Funding Ltd.**  |  |  |
| 4.164% due 09/07/2039 •(m)  | 8035 | 4290 |
| 4.424% due 09/07/2039 •(m)  | 16000 | 4879 |
| 4.664% due 09/07/2039 •  | 10400 | 2598 |
| **SMB Private Education Loan Trust**  |  |  |
| 0.000% due 09/15/2045 «(h)  | 15 | 348 |
| 0.000% due 09/18/2046 «(h)  | 10 | 2372 |
| 0.000% due 10/15/2048 «(h)  | 15 | 3664 |
| 0.000% due 09/15/2054 (h)(m)  | 13359 | 14920 |
| 0.000% due 02/16/2055 «(h)  | 8 | 7387 |
| **Solstice ABS CBO Ltd.** <br>8.300% due 03/15/2039 •(m) | 8662 | 2228 |
| **South Coast Funding V Ltd.**  |  |  |
| 4.977% due 08/06/2039 •(m)  | 24341 | 7390 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 7.177% due 08/06/2039 ^•(e)  | 40756 | 4 |
| **Start II Ltd.** <br>4.089% due 03/15/2044 (m) | 1151 | 1152 |
| **Summer Street Ltd.** <br>4.181% due 12/06/2045 •  | 45954 | 9461 |
| **Upstart Securitization Trust** <br>7.410% due 09/20/2035 (m) | 18950 | 19267 |
|  |  | 235743 |
| Total Asset-Backed Securities (Cost $1,084,775) |  | 897638 |
| **SOVEREIGN ISSUES 4.2%**  |  |  |
| **Argentina Bonar Bonds**  |  |  |
| 0.750% due 07/09/2030 þ(m)  | 698 | 568 |
| 4.125% due 07/09/2035 þ(m)  | 1209 | 846 |
| **Argentina Republic Government International Bonds** <br>1.000% due 07/09/2029 (m) | 664 | 584 |
| **Colombia Government International Bonds** <br>1.000% due 03/26/2031 | 849300 | 178 |
| **Colombia TES**  |  |  |
| 1.000% due 08/22/2029  | 631100 | 159 |
| 1.000% due 11/28/2040  | 600 | 0 |
| 9.250% due 05/28/2042  | 436000 | 89 |
| 11.000% due 08/22/2029  | 9846300 | 2483 |
| 11.500% due 07/25/2046  | 217000 | 52 |
| 11.750% due 01/24/2035  | 148836700 | 36902 |
| 12.000% due 03/13/2058  | 1430000 | 351 |
| 12.750% due 11/28/2040  | 1670000 | 443 |
| **Dominican Republic International Bonds** <br>10.500% due 03/15/2037 (m) | 1538700 | 26420 |
| **Egypt Government Bonds** <br>19.698% due 10/14/2030 | 3742200 | 67410 |
| **Ghana Government International Bonds**  |  |  |
| 0.000% due 07/03/2026 (h)  | $21 | 20 |
| 0.000% due 01/03/2030 (h)  | 111 | 94 |
| 5.000% due 07/03/2029 þ(m)  | 551 | 526 |
| **Republic of Kenya Government International Bonds**  |  |  |
| 7.000% due 05/22/2027  | 1200 | 1193 |
| 7.250% due 02/28/2028  | 1700 | 1696 |
| **Romania Government International Bonds** <br>6.250% due 09/10/2034 | 3300 | 3876 |
| **Russia Foreign Bonds - Eurobond**  |  |  |
| 5.100% due 03/28/2035 «  | $800 | 0 |
| 5.625% due 04/04/2042  | 6200 | 4340 |
| **Turkiye Government Bonds**  |  |  |
| 39.740% (BISTREFI) due 05/20/2026 ~  | 1100 | 25 |
| 39.740% (BISTREFI) due 08/19/2026 ~  | 900 | 20 |
| 39.740% (BISTREFI) due 05/17/2028 ~(m)  | 155800 | 3494 |
| 40.299% (BISTREFI) due 09/06/2028 ~(m)  | 778100 | 17439 |
| **Ukraine Government International Bonds**  |  |  |
| 0.000% due 02/01/2030 þ(i)  | $246 | 145 |
| 0.000% due 02/01/2034 þ(i)  | 921 | 397 |
| 0.000% due 02/01/2035 þ(i)  | 778 | 361 |
| 0.000% due 02/01/2036 þ(i)  | 648 | 300 |
| 4.500% due 02/01/2034 þ  | 1329 | 712 |
| 4.500% due 02/01/2035 þ  | 1606 | 845 |
| 4.500% due 02/01/2036 þ  | 1575 | 813 |
| **Venezuela Government International Bonds**  |  |  |
| 6.000% due 12/09/2049 ^(e)  | 85 | 33 |
| 9.250% due 09/15/2027 ^(e)  | 5465 | 2623 |
| 9.250% due 05/07/2028 ^(e)  | 5100 | 2346 |
| 11.950% due 08/05/2031 ^(e)  | 2300 | 1184 |
| Total Sovereign Issues (Cost $193,995) |  | 178967 |
|  | SHARES |  |
| **COMMON STOCKS 1.3%**  |  |  |
| **COMMUNICATION SERVICES 0.4%**  |  |  |
| **Clear Channel Outdoor Holdings, Inc. (f)** | 725704 | 1720 |
| **iHeartMedia, Inc. Class A (f)** | 171118 | 500 |
| **iHeartMedia, Inc. Class B «(f)** | 132822 | 341 |
| **Promotora de Informaciones SA Class A (f)** | 2330820 | 809 |
| **SES SA «(f)** | 670263 | 10054 |
| **Uniti Group, Inc. (f)** | 243237 | 2282 |
|  |  | 15706 |
| **CONSUMER DISCRETIONARY 0.0%**  |  |  |
| **Caesars Entertainment, Inc. (f)** | 1 | 0 |
| **Steinhoff International Holdings NV «(f)(l)** | 233504654 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **West Marine «(f)(l)** |  | 3579 | 23 |
|  |  |  | 23 |
| **FINANCIALS 0.7%**  |  |  |  |
| **Banca Monte dei Paschi di Siena SpA** |  | 3581000 | 31246 |
| **Corestate Capital Holding SA «(f)(l)** |  | 632951 | 0 |
| **UBS Group AG** |  | 5143 | 201 |
| **XBP Global Holdings, Inc. (f)** |  | 77 | 0 |
|  |  |  | 31447 |
| **INDUSTRIALS 0.2%**  |  |  |  |
| **Luxco Co. Ltd. «(f)(l)** |  | 314673 | 5820 |
| **Mcdermott International Ltd. (f)** |  | 461 | 11 |
| **Westmoreland Mining Holdings «(f)(l)** |  | 89637 | 53 |
| **Westmoreland Mining LLC «(f)(l)** |  | 284189 | 1208 |
|  |  |  | 7092 |
| **REAL ESTATE 0.0%**  |  |  |  |
| **Country Garden Holdings Co. Ltd. (f)** |  | 217712 | 9 |
| Total Common Stocks (Cost $29,043) |  |  | 54277 |
| **WARRANTS 0.1%**  |  |  |  |
| **COMMUNICATION SERVICES 0.1%**  |  |  |  |
| **Windstream Holdings II LLC - Exp. 08/01/2035** |  | 319065 | 2990 |
| **CONSUMER DISCRETIONARY 0.0%**  |  |  |  |
| **West Marine - Exp. 09/08/2028 «** |  | 6096 | 0 |
| Total Warrants (Cost $1,944) |  |  | 2990 |
| **PREFERRED SECURITIES 6.0%**  |  |  |  |
| **BANKING & FINANCE 0.7%**  |  |  |  |
| **ADLER Group SA** « |  | 7118576 | 0 |
| **WAFC Voussoir** « |  | 20772390 | 20773 |
| **Windstream Holdings II LLC**<br>11.000% « |  | 10449 | 11119 |
|  |  |  | 31892 |
| **INDUSTRIALS 5.3%**  |  |  |  |
| **Atlas Re Ltd.** « |  | 273 | 27416 |
| **Clover Holdings, Inc.**<br>0.000% «(l) |  | 52324 | 989 |
| **Mustang Express Ltd.**<br>0.000% « |  | 116226 | 118695 |
| **SVB Financial Trust**<br>11.000% due 11/07/2032 |  | 47859 | 22612 |
| **Syniverse Holdings, Inc.**<br>12.500% «(l) |  | 47910272 | 40310 |
| **Venture Global LNG, Inc.**<br>9.000% due 09/30/2029 •(j) |  | 17090000 | 17028 |
|  |  |  | 227050 |
| Total Preferred Securities (Cost $261,144) |  |  | 258942 |
|  |  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 3.3%**  |  |  |  |
| **MUTUAL FUNDS 0.2%**  |  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class 3.720% (k)** |  | 8228448 | 8228 |
|  |  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **EGYPT TREASURY BILLS 0.0%**  |  |  |  |
| 24.065% due 08/04/2026 - 10/20/2026 (g)(h) | EGP | 62300 | 1003 |
| **NIGERIA TREASURY BILLS 2.1%**  |  |  |  |
| 20.606% due 01/14/2027 - 01/28/2027 (g)(h) | NGN | 143370700 | 90115 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **U.S. TREASURY BILLS 1.0%**  |  |  |
| 3.664% due 04/07/2026 - 07/21/2026 (g)(h)(o)(q) | $41796 | 41586 |
| Total Short-Term Instruments (Cost $139,272) |  | 140932 |
| Total Investments in Securities (Cost $6,259,510) |  | 5623956 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 15.9%**  |  |  |
| **COMMON STOCKS 4.7%**  |  |  |
| **AFFILIATED INVESTMENTS 4.7%**  |  |  |
| **AmSurg Corp. «** | 2562021 | 112665 |
| **Incora New Equity «** | 1270491 | 48118 |
| **Market Garden †«‡«** | 24214364 | 26928 |
| **Windstream Services LLC** | 1637865 | 15364 |
|  |  | 203075 |
| Total Common Stocks (Cost $202,974) |  | 203075 |
| **SHORT-TERM INSTRUMENTS 11.2%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 11.2%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 49463124 | 481721 |
| Total Short-Term Instruments (Cost $481,634) |  | 481721 |
| Total Investments in Affiliates (Cost $684,608) |  | 684796 |
| Total Investments 146.8% (Cost $6,944,118) |  | $6308752 |
| **Financial Derivative Instruments (n)(p) 0.3**%(Cost or Premiums, net $44,028) |  | 11122 |
| Other Assets and Liabilities, net (47.1)% |  | (2022758) |
| Net Assets 100.0% |  | $4297116 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **†** | **Represents co-investment made with the Fund's affiliates in accordance with the terms of the exemptive relief received from the U.S. Securities and Exchange Commission.**  | **Represents co-investment made with the Fund's affiliates in accordance with the terms of the exemptive relief received from the U.S. Securities and Exchange Commission.**  | **Represents co-investment made with the Fund's affiliates in accordance with the terms of the exemptive relief received from the U.S. Securities and Exchange Commission.**  | **Represents co-investment made with the Fund's affiliates in accordance with the terms of the exemptive relief received from the U.S. Securities and Exchange Commission.**  | **Represents co-investment made with the Fund's affiliates in accordance with the terms of the exemptive relief received from the U.S. Securities and Exchange Commission.**  |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **µ** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **+** | **Pool of 2 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** | **Pool of 2 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** | **Pool of 2 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** | **Pool of 2 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** | **Pool of 2 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** |
| **++** | **Pool of 6 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** | **Pool of 6 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** | **Pool of 6 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** | **Pool of 6 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** | **Pool of 6 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** |
| **+++** | **Pool of 25 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** | **Pool of 25 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** | **Pool of 25 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** | **Pool of 25 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** | **Pool of 25 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** |
| **++++** | **Pool of 37 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** | **Pool of 37 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** | **Pool of 37 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** | **Pool of 37 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** | **Pool of 37 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** |
| **+++++** | **Pool of 29 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** | **Pool of 29 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** | **Pool of 29 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** | **Pool of 29 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** | **Pool of 29 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** |
| **++++++** | **Pool of 30 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** | **Pool of 30 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** | **Pool of 30 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** | **Pool of 30 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** | **Pool of 30 residential fix-and-flip loans acquired through a domestic common law trust, with a federally chartered bank serving as trustee. The Fund accrues interest income at the pool level at the rate indicated, which represents estimated loan interest net of certain service provider fees.** |
| **‡** | **Insurance-Linked Investments.** | **Insurance-Linked Investments.** | **Insurance-Linked Investments.** | **Insurance-Linked Investments.** | **Insurance-Linked Investments.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** | **Principal only security.** |
| **(c)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(d)** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** |
| **(e)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(f)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(g)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(h)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(i)** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** |
| **(j)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(k)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(l)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Acquisition<br>Date | Cost | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| AmSurg Corp. | AmSurg Corp. | 11/02/2023 - 11/06/2023 | $0 | $0 | 0.00 |
| City of Port Huron Water Supply System Revenue7.750% due 11/01/2045 | City of Port Huron Water Supply System Revenue7.750% due 11/01/2045 | 12/19/2025 - 03/18/2026 | 118904 | 118280 | 2.75 |
| Clover Holdings, Inc. | Clover Holdings, Inc. | 12/09/2024 | 785 | 989 | 0.02 |
| Corestate Capital Holding SA | Corestate Capital Holding SA | 08/22/2023 | 0 | 0 | 0.00 |
| Country Garden Holdings Co. Ltd.0.000% due 12/31/2031 | Country Garden Holdings Co. Ltd.0.000% due 12/31/2031 | 12/30/2025 - 12/31/2025 | 67 | 53 | 0.00 |
| Incora New Equity | Incora New Equity | 01/31/2025 | 0 | 0 | 0.00 |
| Incora Top Holdco LLC6.000% due 01/30/2033 | Incora Top Holdco LLC6.000% due 01/30/2033 | 01/31/2025 - 08/01/2025 | 28935 | 43822 | 1.02 |
| Luxco Co. Ltd. | Luxco Co. Ltd. | 10/01/2025 | 5537 | 5820 | 0.14 |
| M BB Grove LLC0.000% due 04/07/2027 | M BB Grove LLC0.000% due 04/07/2027 | 09/18/2024 - 09/07/2025 | 55944 | 56027 | 1.30 |
| Market Garden | Market Garden | 03/13/2024 | 0 | 0 | 0.00 |
| Petersen Claim Units0.000% due 12/31/2099 | Petersen Claim Units0.000% due 12/31/2099 | 12/08/2025 - 03/17/2026 | 8235 | 1281 | 0.03 |
| Steinhoff International Holdings NV | Steinhoff International Holdings NV | 06/30/2023 - 10/30/2023 | 0 | 0 | 0.00 |
| Syniverse Holdings, Inc. | Syniverse Holdings, Inc. | 05/12/2022 - 05/30/2025 | 47287 | 40310 | 0.94 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| WHLN 2024-ACRA-FF29.500% due 08/01/2027 | WHLN 2024-ACRA-FF29.500% due 08/01/2027 | 08/13/2024 | 08/13/2024 |  | 543 | 543 |  | 541 | 541 | 0.01 |
| WHLN 2024-CV3-FF29.250% due 10/01/2027 | WHLN 2024-CV3-FF29.250% due 10/01/2027 | 10/15/2024 - 11/04/2024 | 10/15/2024 - 11/04/2024 |  | 13635 | 13635 |  | 13568 | 13568 | 0.32 |
| WHLN 2025-CV3-PF-FF29.150% due 04/01/2027 | WHLN 2025-CV3-PF-FF29.150% due 04/01/2027 | 03/21/2025 | 03/21/2025 |  | 6647 | 6647 |  | 6625 | 6625 | 0.15 |
| WHLN 2025-CV3-PF-FF39.000% due 08/01/2027 | WHLN 2025-CV3-PF-FF39.000% due 08/01/2027 | 07/09/2025 | 07/09/2025 |  | 29706 | 29706 |  | 29660 | 29660 | 0.69 |
| WHLN 2025-CV3-PF-FF48.625% due 09/01/2027 | WHLN 2025-CV3-PF-FF48.625% due 09/01/2027 | 09/03/2025 | 09/03/2025 |  | 22089 | 22089 |  | 22051 | 22051 | 0.51 |
| WHLN 2025-CV3-PF-FF58.625% due 10/01/2027 | WHLN 2025-CV3-PF-FF58.625% due 10/01/2027 | 10/15/2024 - 11/04/2024 10/01/2025 | 10/15/2024 - 11/04/2024 10/01/2025 |  | 24940 | 24940 |  | 24886 | 24886 | 0.58 |
| WHLN 2025-NVES-PF-FF38.625% due 03/01/2027 | WHLN 2025-NVES-PF-FF38.625% due 03/01/2027 | 10/01/2025 | 10/01/2025 |  | 15572 | 15572 |  | 15548 | 15548 | 0.36 |
| WHLN RTL-PFLX8.000% due 06/01/2049 | WHLN RTL-PFLX8.000% due 06/01/2049 | 10/02/2018 - 11/14/2019 | 10/02/2018 - 11/14/2019 |  | 2820 | 2820 |  | 2360 | 2360 | 0.05 |
| WHLN-2024-CV3-FF19.750% due 05/01/2026 | WHLN-2024-CV3-FF19.750% due 05/01/2026 | 05/29/2024 | 05/29/2024 |  | 7632 | 7632 |  | 7602 | 7602 | 0.18 |
| WHLN-2025-CV3-PF-FF19.250% due 02/01/2027 | WHLN-2025-CV3-PF-FF19.250% due 02/01/2027 | 01/13/2025 | 01/13/2025 |  | 6700 | 6700 |  | 6692 | 6692 | 0.16 |
| West Marine | West Marine | 09/12/2023 | 09/12/2023 |  | 52 | 52 |  | 23 | 23 | 0.00 |
| Westmoreland Mining Holdings | Westmoreland Mining Holdings | 12/08/2014 - 10/19/2016 | 12/08/2014 - 10/19/2016 |  | 726 | 726 |  | 53 | 53 | 0.00 |
| Westmoreland Mining LLC | Westmoreland Mining LLC | 06/30/2023 | 06/30/2023 |  | 1182 | 1182 |  | 1208 | 1208 | 0.03 |
|  |  |  |  | $397938 | 397938 | 397938 | $397399 | 397399 | 9.25%  | 9.25%  |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Borrowing Rate<sup>(1)</sup> | Settlement Date | Maturity Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BMO | 4.260%  | 02/23/2026 | 05/26/2026 | 05/26/2026 | 05/26/2026 | (3529) | (3529) | (3529) | (3544) | (3544) |
|  | 4.410  | 02/23/2026 | 05/26/2026 | 05/26/2026 | 05/26/2026 | (7088) | (7088) | (7088) | (7120) | (7120) |
| BNY | 4.730  | 01/26/2026 | 07/27/2026 | 07/27/2026 | 07/27/2026 | (43473) | (43473) | (43473) | (43845) | (43845) |
|  | 4.730  | 02/12/2026 | 08/12/2026 | 08/12/2026 | 08/12/2026 | (3147) | (3147) | (3147) | (3167) | (3167) |
|  | 4.730  | 03/12/2026 | 09/14/2026 | 09/14/2026 | 09/14/2026 | (47789) | (47789) | (47789) | (47915) | (47915) |
|  | 4.730  | 03/25/2026 | 09/25/2026 | 09/25/2026 | 09/25/2026 | (4655) | (4655) | (4655) | (4659) | (4659) |
| BOS | 4.630  | 03/27/2026 | 07/22/2026 | 07/22/2026 | 07/22/2026 | (338) | (338) | (338) | (338) | (338) |
|  | 4.730  | 03/27/2026 | 07/22/2026 | 07/22/2026 | 07/22/2026 | (2607) | (2607) | (2607) | (2608) | (2608) |
|  | 4.830  | 03/27/2026 | 07/22/2026 | 07/22/2026 | 07/22/2026 | (3223) | (3223) | (3223) | (3225) | (3225) |
|  | 5.130  | 03/27/2026 | 07/22/2026 | 07/22/2026 | 07/22/2026 | (5030) | (5030) | (5030) | (5034) | (5034) |
| BPS | (0.500)  | 01/26/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (1452) | (1452) | (1452) | (1680) | (1680) |
|  | 1.700  | 02/10/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (6638) | (6638) | (6638) | (7690) | (7690) |
|  | 1.800  | 02/10/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (3970) | (3970) | (3970) | (4601) | (4601) |
|  | 2.268  | 03/12/2026 | 06/12/2026 | 06/12/2026 | 06/12/2026 | (6416) | (6416) | (6416) | (7425) | (7425) |
|  | 2.321  | 03/04/2026 | 04/02/2026 | 04/02/2026 | 04/02/2026 | (3746) | (3746) | (3746) | (4337) | (4337) |
|  | 2.400  | 04/02/2026 | 07/02/2026 | 07/02/2026 | 07/02/2026 | (3837) | (3837) | (3837) | (4435) | (4435) |
|  | 4.020  | 01/30/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (8047) | (8047) | (8047) | (8102) | (8102) |
|  | 4.050  | 02/03/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (23997) | (23997) | (23997) | (31966) | (31966) |
|  | 4.120  | 03/12/2026 | 04/13/2026 | 04/13/2026 | 04/13/2026 | (3333) | (3333) | (3333) | (3341) | (3341) |
|  | 4.150  | 01/30/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (575) | (575) | (575) | (579) | (579) |
|  | 4.380  | 03/18/2026 | 09/14/2026 | 09/14/2026 | 09/14/2026 | (8275) | (8275) | (8275) | (8289) | (8289) |
|  | 4.830  | 01/27/2026 | 07/23/2026 | 07/23/2026 | 07/23/2026 | (108064) | (108064) | (108064) | (108996) | (108996) |
|  | 4.830  | 03/18/2026 | 09/14/2026 | 09/14/2026 | 09/14/2026 | (1841) | (1841) | (1841) | (1845) | (1845) |
|  | 4.860  | 03/18/2026 | 09/14/2026 | 09/14/2026 | 09/14/2026 | (36421) | (36421) | (36421) | (36490) | (36490) |
| BRC | 1.400  | 02/11/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (3213) | (3213) | (3213) | (3721) | (3721) |
|  | 1.500  | 09/29/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (1398) | (1398) | (1398) | (1629) | (1629) |
|  | 1.600  | 02/11/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (1543) | (1543) | (1543) | (1787) | (1787) |
|  | 1.600  | 03/03/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (261) | (261) | (261) | (302) | (302) |
|  | 1.650  | 02/11/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (1798) | (1798) | (1798) | (2083) | (2083) |
|  | 1.930  | 11/14/2025 | 04/01/2026 | 04/01/2026 | 04/01/2026 | (2264) | (2264) | (2264) | (2637) | (2637) |
|  | 2.150  | 12/04/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (3866) | (3866) | (3866) | (4499) | (4499) |
|  | 2.500  | 02/09/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (4497) | (4497) | (4497) | (4513) | (4513) |
|  | 3.250  | 12/19/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (700) | (700) | (700) | (935) | (935) |
|  | 3.450  | 12/19/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (1754) | (1754) | (1754) | (2345) | (2345) |
|  | 3.580  | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (4855) | (4855) | (4855) | (4908) | (4908) |
|  | 3.900  | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (1039) | (1039) | (1039) | (1052) | (1052) |
|  | 3.920  | 02/05/2026 | 04/09/2026 | 04/09/2026 | 04/09/2026 | (11125) | (11125) | (11125) | (11192) | (11192) |
|  | 4.000  | 02/06/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (5979) | (5979) | (5979) | (6015) | (6015) |
|  | 4.000  | 03/23/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (12383) | (12383) | (12383) | (12394) | (12394) |
|  | 4.070  | 03/13/2026 | 04/13/2026 | 04/13/2026 | 04/13/2026 | (4503) | (4503) | (4503) | (4513) | (4513) |
|  | 4.100  | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (19314) | (19314) | (19314) | (19556) | (19556) |
|  | 4.630  | 03/20/2026 | 07/20/2026 | 07/20/2026 | 07/20/2026 | (1004) | (1004) | (1004) | (1005) | (1005) |
|  | 4.730  | 01/20/2026 | 04/20/2026 | 04/20/2026 | 04/20/2026 | (2361) | (2361) | (2361) | (2383) | (2383) |
|  | 4.730  | 02/04/2026 | 08/04/2026 | 08/04/2026 | 08/04/2026 | (1842) | (1842) | (1842) | (1855) | (1855) |
|  | 4.780  | 03/17/2026 | 06/15/2026 | 06/15/2026 | 06/15/2026 | (22340) | (22340) | (22340) | (22384) | (22384) |
|  | 4.780  | 03/25/2026 | 06/15/2026 | 06/15/2026 | 06/15/2026 | (2059) | (2059) | (2059) | (2061) | (2061) |
|  | 4.800  | 03/20/2026 | 09/10/2026 | 09/10/2026 | 09/10/2026 | (3027) | (3027) | (3027) | (3032) | (3032) |
|  | 4.810  | 02/05/2026 | 06/05/2026 | 06/05/2026 | 06/05/2026 | (20301) | (20301) | (20301) | (20450) | (20450) |
|  | 4.810  | 02/12/2026 | 06/05/2026 | 06/05/2026 | 06/05/2026 | (1107) | (1107) | (1107) | (1114) | (1114) |
|  | 4.820  | 03/09/2026 | 06/09/2026 | 06/09/2026 | 06/09/2026 | (4472) | (4472) | (4472) | (4486) | (4486) |
|  | 4.820  | 03/10/2026 | 06/10/2026 | 06/10/2026 | 06/10/2026 | (17810) | (17810) | (17810) | (17862) | (17862) |
|  | 4.830  | 12/19/2025 | 04/20/2026 | 04/20/2026 | 04/20/2026 | (45299) | (45299) | (45299) | (45933) | (45933) |
|  | 4.830  | 01/20/2026 | 04/20/2026 | 04/20/2026 | 04/20/2026 | (25321) | (25321) | (25321) | (25564) | (25564) |
|  | 4.830  | 03/17/2026 | 06/15/2026 | 06/15/2026 | 06/15/2026 | (6958) | (6958) | (6958) | (6972) | (6972) |
|  | 4.850  | 02/02/2026 | 06/02/2026 | 06/02/2026 | 06/02/2026 | (1749) | (1749) | (1749) | (1763) | (1763) |
|  | 4.860  | 02/06/2026 | 05/07/2026 | 05/07/2026 | 05/07/2026 | (7322) | (7322) | (7322) | (7376) | (7376) |
|  | 4.900  | 01/05/2026 | 04/06/2026 | 04/06/2026 | 04/06/2026 | (6837) | (6837) | (6837) | (6917) | (6917) |
|  | 4.910  | 02/25/2026 | 06/24/2026 | 06/24/2026 | 06/24/2026 | (396) | (396) | (396) | (398) | (398) |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 5.052  | 03/26/2026 | 04/08/2026 | (13340) | (17672) |
|  | 5.322  | 03/26/2026 | 05/26/2026 | (27012) | (35785) |
| BYR | 4.110  | 03/03/2026 | 06/01/2026 | (16108) | (16162) |
|  | 4.130  | 02/26/2026 | 07/31/2026 | (480) | (482) |
|  | 4.155  | 03/25/2026 | 05/26/2026 | (36806) | (36836) |
|  | 4.180  | 12/05/2025 | 04/06/2026 | (2221) | (2228) |
|  | 4.180  | 03/26/2026 | 04/06/2026 | (6165) | (6169) |
| CDC | 4.120  | 03/17/2026 | 04/02/2026 | (2101) | (2105) |
|  | 4.130  | 03/10/2026 | 07/08/2026 | (2497) | (2503) |
|  | 4.130  | 03/23/2026 | 07/21/2026 | (11160) | (11172) |
|  | 4.140  | 03/02/2026 | 06/01/2026 | (6346) | (6368) |
|  | 4.170  | 03/02/2026 | 04/02/2026 | (1510) | (1516) |
|  | 4.680  | 03/10/2026 | 07/08/2026 | (435) | (436) |
| DBL | 0.046  | 03/17/2026 | 05/15/2026 | (1299) | (1299) |
|  | 0.052  | 03/17/2026 | 05/15/2026 | (2689) | (2689) |
|  | 2.100  | 02/23/2026 | TBD<sup>(2)</sup> | (652) | (755) |
|  | 2.332  | 01/29/2026 | TBD<sup>(2)</sup> | (7872) | (9136) |
|  | 2.699  | 03/09/2026 | 09/07/2026 | (3612) | (4182) |
|  | 3.900  | 12/12/2025 | TBD<sup>(2)</sup> | (2295) | (2322) |
|  | 3.950  | 12/12/2025 | TBD<sup>(2)</sup> | (14233) | (14405) |
|  | 3.950  | 03/10/2026 | TBD<sup>(2)</sup> | (4647) | (4657) |
|  | 4.100  | 03/06/2026 | 04/06/2026 | (25346) | (25422) |
|  | 4.120  | 03/13/2026 | 05/08/2026 | (831) | (833) |
|  | 4.171  | 01/23/2026 | 04/24/2026 | (3155) | (3180) |
|  | 4.210  | 12/19/2025 | TBD<sup>(2)</sup> | (5897) | (7900) |
|  | 4.315  | 02/24/2026 | 05/22/2026 | (851) | (855) |
|  | 4.320  | 03/13/2026 | 05/08/2026 | (4205) | (4214) |
|  | 4.370  | 03/13/2026 | 05/08/2026 | (5080) | (5092) |
|  | 4.416  | 02/06/2026 | 05/08/2026 | (15350) | (15451) |
|  | 4.420  | 03/13/2026 | 05/08/2026 | (2756) | (2762) |
|  | 4.470  | 03/13/2026 | 05/08/2026 | (18601) | (18645) |
|  | 4.520  | 03/13/2026 | 05/08/2026 | (14655) | (14690) |
|  | 4.570  | 03/13/2026 | 05/08/2026 | (713) | (714) |
|  | 4.598  | 03/09/2026 | 07/06/2026 | (1132) | (1502) |
|  | 4.670  | 03/13/2026 | 05/08/2026 | (1463) | (1466) |
|  | 4.741  | 02/10/2026 | 05/08/2026 | (3056) | (3076) |
|  | 4.770  | 03/13/2026 | 05/08/2026 | (7484) | (7503) |
|  | 4.790  | 02/10/2026 | 05/08/2026 | (195) | (196) |
|  | 4.870  | 03/13/2026 | 05/08/2026 | (5976) | (5991) |
|  | 4.890  | 02/10/2026 | 05/08/2026 | (37) | (37) |
|  | 4.891  | 02/10/2026 | 05/08/2026 | (1124) | (1132) |
|  | 4.907  | 03/04/2026 | 06/02/2026 | (9006) | (9040) |
|  | 4.912  | 03/04/2026 | 04/24/2026 | (4820) | (4838) |
|  | 4.916  | 02/06/2026 | 05/08/2026 | (11165) | (11247) |
|  | 4.920  | 03/13/2026 | 05/08/2026 | (5246) | (5260) |
|  | 5.020  | 03/13/2026 | 05/08/2026 | (922) | (925) |
|  | 5.040  | 02/10/2026 | 05/08/2026 | (8738) | (8799) |
|  | 5.070  | 03/13/2026 | 05/08/2026 | (4211) | (4222) |
|  | 5.120  | 03/13/2026 | 05/08/2026 | (9890) | (9917) |
|  | 5.150  | 03/13/2026 | 05/08/2026 | (12568) | (12602) |
|  | 5.157  | 03/04/2026 | 06/02/2026 | (6610) | (6637) |
|  | 5.170  | 03/13/2026 | 05/08/2026 | (3867) | (3877) |
|  | 5.200  | 03/13/2026 | 05/08/2026 | (2523) | (2530) |
|  | 5.220  | 03/13/2026 | 05/08/2026 | (16028) | (16072) |
|  | 5.270  | 03/13/2026 | 05/08/2026 | (8867) | (8891) |
|  | 5.300  | 03/13/2026 | 05/08/2026 | (11675) | (11707) |
|  | 5.370  | 03/13/2026 | 05/08/2026 | (5552) | (5568) |
|  | 5.400  | 03/13/2026 | 05/08/2026 | (830) | (833) |
|  | 5.420  | 03/13/2026 | 05/08/2026 | (1560) | (1564) |
| DEU | 3.960  | 02/06/2026 | TBD<sup>(2)</sup> | (2769) | (2785) |
|  | 4.000  | 02/02/2026 | TBD<sup>(2)</sup> | (14507) | (14600) |
|  | 4.010  | 02/02/2026 | TBD<sup>(2)</sup> | (6231) | (6271) |
|  | 4.010  | 03/31/2026 | 05/14/2026 | (9404) | (9405) |
|  | 4.040  | 02/02/2026 | TBD<sup>(2)</sup> | (7295) | (7342) |
| GLM | 4.980  | 12/23/2025 | 09/23/2026 | (6310) | (6397) |
|  | 5.030  | 12/23/2025 | 09/23/2026 | (5698) | (5777) |
| IND | 4.090  | 03/17/2026 | 06/04/2026 | (86) | (86) |
|  | 4.090  | 03/17/2026 | 06/16/2026 | (514) | (515) |
|  | 4.110  | 03/30/2026 | 06/16/2026 | (218) | (218) |
|  | 4.280  | 03/23/2026 | 05/26/2026 | (1605) | (1607) |
|  | 4.300  | 01/28/2026 | 04/28/2026 | (2777) | (2798) |
| JML | 1.500  | 02/18/2026 | TBD<sup>(2)</sup> | (1451) | (1680) |
|  | 4.667  | 03/06/2026 | 06/08/2026 | (986) | (1310) |
|  | 4.690  | 03/06/2026 | 05/06/2026 | (1141) | (1515) |
| MBC | 4.198  | 03/20/2026 | 06/22/2026 | (1565) | (2074) |
| MEI | 4.328  | 03/11/2026 | 06/11/2026 | (1363) | (1809) |
|  | 4.478  | 03/26/2026 | 07/27/2026 | (479) | (635) |
|  | 5.028  | 03/26/2026 | 07/27/2026 | (4995) | (6617) |
|  | 5.228  | 03/26/2026 | 07/27/2026 | (1710) | (2265) |
| MSB | 2.640  | 03/09/2026 | 05/11/2026 | (4230) | (4898) |
|  | 4.388  | 01/16/2026 | 04/08/2026 | (11270) | (15052) |
|  | 4.480  | 02/04/2026 | 08/03/2026 | (744) | (749) |
|  | 4.481  | 01/12/2026 | 04/08/2026 | (5276) | (7052) |
|  | 4.630  | 02/04/2026 | 08/03/2026 | (3075) | (3097) |
|  | 4.630  | 03/31/2026 | 09/30/2026 | (2624) | (2624) |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 4.680  | 03/13/2026 | 09/09/2026 | (2378) | (2384) |
|  | 4.680  | 03/18/2026 | 07/16/2026 | (1825) | (1829) |
|  | 4.730  | 02/04/2026 | 08/03/2026 | (5833) | (5877) |
|  | 4.730  | 03/13/2026 | 09/09/2026 | (1197) | (1200) |
|  | 4.730  | 03/31/2026 | 09/30/2026 | (5511) | (5512) |
|  | 4.780  | 02/06/2026 | 08/05/2026 | (5569) | (5610) |
|  | 4.780  | 03/31/2026 | 09/30/2026 | (23998) | (24001) |
|  | 4.830  | 02/06/2026 | 08/05/2026 | (2163) | (2178) |
|  | 4.880  | 03/31/2026 | 09/30/2026 | (7653) | (7654) |
| MSC | 3.630  | 03/20/2026 | 05/01/2026 | (628) | (628) |
|  | 4.780  | 03/31/2026 | 09/30/2026 | (6302) | (6303) |
| MYI | 1.000  | 03/26/2026 | TBD<sup>(2)</sup> | (1243) | (1437) |
|  | 1.350  | 03/26/2026 | TBD<sup>(2)</sup> | (1431) | (1654) |
|  | 1.500  | 02/10/2026 | TBD<sup>(2)</sup> | (1272) | (1474) |
|  | 3.300  | 12/29/2025 | TBD<sup>(2)</sup> | (2726) | (3639) |
|  | 3.950  | 12/19/2025 | TBD<sup>(2)</sup> | (6762) | (9052) |
|  | 4.548  | 03/11/2026 | 06/11/2026 | (3440) | (4565) |
| MZF | 4.730  | 03/18/2026 | 09/18/2026 | (128317) | (128557) |
|  | 4.930  | 03/18/2026 | 09/18/2026 | (12151) | (12175) |
| NOM | 3.930  | 12/12/2025 | TBD<sup>(2)</sup> | (536) | (542) |
|  | 3.950  | 02/25/2026 | TBD<sup>(2)</sup> | (465) | (467) |
| RCE | 2.852  | 01/30/2026 | 07/29/2026 | (6708) | (7792) |
| RCY | 4.180  | 03/13/2026 | 04/13/2026 | (262) | (263) |
| RTA | 4.155  | 02/20/2026 | 08/20/2026 | (13736) | (13801) |
|  | 4.155  | 03/02/2026 | 09/02/2026 | (18406) | (18471) |
|  | 4.155  | 03/03/2026 | 08/20/2026 | (638) | (640) |
|  | 4.155  | 03/11/2026 | 09/11/2026 | (2739) | (2746) |
|  | 4.155  | 03/18/2026 | 09/18/2026 | (11499) | (11518) |
|  | 4.155  | 03/25/2026 | 09/02/2026 | (6901) | (6907) |
|  | 4.155  | 03/26/2026 | 08/20/2026 | (1611) | (1613) |
|  | 4.255  | 03/25/2026 | 04/27/2026 | (41397) | (41431) |
|  | 4.430  | 03/04/2026 | 06/04/2026 | (4209) | (4224) |
|  | 4.430  | 03/05/2026 | 06/04/2026 | (100) | (100) |
|  | 4.480  | 03/05/2026 | 05/04/2026 | (431) | (432) |
|  | 4.580  | 01/28/2026 | 07/28/2026 | (4324) | (4358) |
|  | 4.600  | 03/09/2026 | 07/09/2026 | (117) | (117) |
|  | 4.600  | 03/18/2026 | 09/18/2026 | (9697) | (9715) |
|  | 4.630  | 02/03/2026 | 08/03/2026 | (1513) | (1524) |
|  | 4.630  | 02/12/2026 | 08/12/2026 | (1941) | (1953) |
|  | 4.630  | 02/20/2026 | 08/20/2026 | (4640) | (4664) |
|  | 4.630  | 03/04/2026 | 09/04/2026 | (4250) | (4265) |
|  | 4.630  | 03/18/2026 | 09/18/2026 | (3893) | (3900) |
|  | 4.680  | 01/28/2026 | 07/28/2026 | (1964) | (1980) |
|  | 4.680  | 02/03/2026 | 08/03/2026 | (11520) | (11606) |
|  | 4.680  | 03/04/2026 | 09/04/2026 | (810) | (813) |
|  | 4.690  | 03/09/2026 | 07/09/2026 | (109) | (109) |
|  | 4.700  | 03/09/2026 | 07/09/2026 | (1012) | (1015) |
|  | 4.730  | 10/31/2025 | 04/29/2026 | (730) | (745) |
|  | 4.730  | 02/03/2026 | 08/03/2026 | (7737) | (7795) |
|  | 4.730  | 03/09/2026 | 07/09/2026 | (7515) | (7538) |
|  | 4.740  | 03/09/2026 | 07/09/2026 | (360) | (361) |
|  | 4.750  | 02/12/2026 | 08/12/2026 | (942) | (948) |
|  | 4.770  | 02/12/2026 | 08/12/2026 | (2460) | (2476) |
|  | 4.780  | 02/12/2026 | 08/12/2026 | (1118) | (1125) |
|  | 4.780  | 03/09/2026 | 07/09/2026 | (2431) | (2438) |
|  | 4.830  | 10/31/2025 | 04/29/2026 | (14638) | (14947) |
|  | 4.830  | 02/12/2026 | 08/12/2026 | (9910) | (9974) |
|  | 4.840  | 03/09/2026 | 07/09/2026 | (6482) | (6502) |
|  | 4.850  | 03/09/2026 | 07/09/2026 | (847) | (849) |
|  | 4.880  | 02/12/2026 | 08/12/2026 | (1662) | (1672) |
|  | 4.910  | 02/12/2026 | 08/12/2026 | (12443) | (12525) |
|  | 4.950  | 03/09/2026 | 07/09/2026 | (448) | (450) |
| SBI | 4.476  | 03/27/2026 | 07/27/2026 | (565) | (566) |
|  | 4.576  | 03/27/2026 | 07/27/2026 | (455) | (455) |
|  | 4.626  | 03/27/2026 | 07/27/2026 | (1277) | (1278) |
|  | 4.918  | 01/26/2026 | 07/27/2026 | (378) | (381) |
|  | 4.968  | 01/26/2026 | 07/27/2026 | (5133) | (5180) |
| SCX | 1.500  | 02/10/2026 | TBD<sup>(2)</sup> | (5088) | (5894) |
| SOG | 2.100  | 02/26/2026 | TBD<sup>(2)</sup> | (2950) | (3417) |
|  | 2.180  | 02/06/2026 | TBD<sup>(2)</sup> | (9794) | (11358) |
|  | 2.180  | 02/10/2026 | TBD<sup>(2)</sup> | (1600) | (1855) |
|  | 2.220  | 01/30/2026 | TBD<sup>(2)</sup> | (1744) | (2024) |
|  | 3.990  | 03/10/2026 | TBD<sup>(2)</sup> | (8902) | (8924) |
|  | 4.000  | 02/10/2026 | TBD<sup>(2)</sup> | (1828) | (2433) |
|  | 4.190  | 01/07/2026 | 04/07/2026 | (1520) | (1535) |
|  | 4.190  | 01/08/2026 | 04/08/2026 | (7206) | (7276) |
|  | 4.190  | 03/06/2026 | 04/09/2026 | (6332) | (6351) |
|  | 4.220  | 01/21/2026 | 04/16/2026 | (2645) | (2666) |
|  | 4.220  | 02/24/2026 | 05/26/2026 | (1151) | (1156) |
|  | 4.220  | 03/10/2026 | 04/16/2026 | (5615) | (5629) |
|  | 4.580  | 02/02/2026 | 07/31/2026 | (6596) | (6645) |
|  | 4.630  | 03/12/2026 | 09/11/2026 | (4760) | (4773) |
|  | 4.630  | 03/19/2026 | 09/18/2026 | (5409) | (5418) |
|  | 4.680  |  | 07/31/2026 | (1604) | (1604) |
|  | 4.680  | 02/02/2026 | 07/31/2026 | (32180) | (32423) |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  | 4.680  | 4.680  | 4.680  | 03/31/2026 | 03/31/2026 | 03/31/2026 | 04/01/2026 | 04/01/2026 | 04/01/2026 |  | (2999) | (2999) |  | (3000) | (3000) |
|  |  |  |  |  |  |  |  |  |  |  | 4.730  | 4.730  | 4.730  | 02/02/2026 | 02/02/2026 | 02/02/2026 | 07/31/2026 | 07/31/2026 | 07/31/2026 |  | (2269) | (2269) |  | (2286) | (2286) |
|  |  |  |  |  |  |  |  |  |  |  | 4.730  | 4.730  | 4.730  | 02/20/2026 | 02/20/2026 | 02/20/2026 | 08/20/2026 | 08/20/2026 | 08/20/2026 |  | (7751) | (7751) |  | (7793) | (7793) |
| UBS | UBS | UBS | UBS | UBS | UBS | UBS | UBS | UBS | UBS | UBS | 2.150  | 2.150  | 2.150  | 02/09/2026 | 02/09/2026 | 02/09/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> |  | (8233) | (8233) |  | (9546) | (9546) |
|  |  |  |  |  |  |  |  |  |  |  | 2.170  | 2.170  | 2.170  | 02/26/2026 | 02/26/2026 | 02/26/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> |  | (926) | (926) |  | (1072) | (1072) |
|  |  |  |  |  |  |  |  |  |  |  | 2.180  | 2.180  | 2.180  | 11/11/2025 | 11/11/2025 | 11/11/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> |  | (8725) | (8725) |  | (10172) | (10172) |
|  |  |  |  |  |  |  |  |  |  |  | 2.220  | 2.220  | 2.220  | 03/06/2026 | 03/06/2026 | 03/06/2026 | 06/08/2026 | 06/08/2026 | 06/08/2026 |  | (22340) | (22340) |  | (25863) | (25863) |
|  |  |  |  |  |  |  |  |  |  |  | 2.270  | 2.270  | 2.270  | 03/06/2026 | 03/06/2026 | 03/06/2026 | 05/06/2026 | 05/06/2026 | 05/06/2026 |  | (3494) | (3494) |  | (4045) | (4045) |
|  |  |  |  |  |  |  |  |  |  |  | 2.329  | 2.329  | 2.329  | 03/26/2026 | 03/26/2026 | 03/26/2026 | 06/25/2026 | 06/25/2026 | 06/25/2026 |  | (3878) | (3878) |  | (4484) | (4484) |
|  |  |  |  |  |  |  |  |  |  |  | 2.673  | 2.673  | 2.673  | 03/06/2026 | 03/06/2026 | 03/06/2026 | 06/08/2026 | 06/08/2026 | 06/08/2026 |  | (1756) | (1756) |  | (2034) | (2034) |
|  |  |  |  |  |  |  |  |  |  |  | 4.050  | 4.050  | 4.050  | 01/06/2026 | 01/06/2026 | 01/06/2026 | 04/06/2026 | 04/06/2026 | 04/06/2026 |  | (9216) | (9216) |  | (9304) | (9304) |
|  |  |  |  |  |  |  |  |  |  |  | 4.100  | 4.100  | 4.100  | 01/06/2026 | 01/06/2026 | 01/06/2026 | 04/06/2026 | 04/06/2026 | 04/06/2026 |  | (3326) | (3326) |  | (3358) | (3358) |
|  |  |  |  |  |  |  |  |  |  |  | 4.120  | 4.120  | 4.120  | 03/10/2026 | 03/10/2026 | 03/10/2026 | 04/22/2026 | 04/22/2026 | 04/22/2026 |  | (1658) | (1658) |  | (1662) | (1662) |
|  |  |  |  |  |  |  |  |  |  |  | 4.160  | 4.160  | 4.160  | 03/30/2026 | 03/30/2026 | 03/30/2026 | 04/08/2026 | 04/08/2026 | 04/08/2026 |  | (1185) | (1185) |  | (1185) | (1185) |
|  |  |  |  |  |  |  |  |  |  |  | 4.170  | 4.170  | 4.170  | 03/18/2026 | 03/18/2026 | 03/18/2026 | 04/23/2026 | 04/23/2026 | 04/23/2026 |  | (2586) | (2586) |  | (2590) | (2590) |
|  |  |  |  |  |  |  |  |  |  |  | 4.222  | 4.222  | 4.222  | 03/26/2026 | 03/26/2026 | 03/26/2026 | 06/26/2026 | 06/26/2026 | 06/26/2026 |  | (6749) | (6749) |  | (8940) | (8940) |
|  |  |  |  |  |  |  |  |  |  |  | 4.460  | 4.460  | 4.460  | 02/05/2026 | 02/05/2026 | 02/05/2026 | 05/06/2026 | 05/06/2026 | 05/06/2026 |  | (6187) | (6187) |  | (6229) | (6229) |
|  |  |  |  |  |  |  |  |  |  |  | 4.460  | 4.460  | 4.460  | 03/02/2026 | 03/02/2026 | 03/02/2026 | 06/03/2026 | 06/03/2026 | 06/03/2026 |  | (3216) | (3216) |  | (3228) | (3228) |
|  |  |  |  |  |  |  |  |  |  |  | 4.560  | 4.560  | 4.560  | 03/02/2026 | 03/02/2026 | 03/02/2026 | 06/03/2026 | 06/03/2026 | 06/03/2026 |  | (34889) | (34889) |  | (35021) | (35021) |
|  |  |  |  |  |  |  |  |  |  |  | 4.650  | 4.650  | 4.650  | 10/16/2025 | 10/16/2025 | 10/16/2025 | 04/16/2026 | 04/16/2026 | 04/16/2026 |  | (6825) | (6825) |  | (6972) | (6972) |
|  |  |  |  |  |  |  |  |  |  |  | 4.650  | 4.650  | 4.650  | 01/05/2026 | 01/05/2026 | 01/05/2026 | 04/06/2026 | 04/06/2026 | 04/06/2026 |  | (834) | (834) |  | (844) | (844) |
|  |  |  |  |  |  |  |  |  |  |  | 4.670  | 4.670  | 4.670  | 01/23/2026 | 01/23/2026 | 01/23/2026 | 04/23/2026 | 04/23/2026 | 04/23/2026 |  | (3156) | (3156) |  | (3184) | (3184) |
|  |  |  |  |  |  |  |  |  |  |  | 4.700  | 4.700  | 4.700  | 01/06/2026 | 01/06/2026 | 01/06/2026 | 04/06/2026 | 04/06/2026 | 04/06/2026 |  | (25669) | (25669) |  | (25954) | (25954) |
|  |  |  |  |  |  |  |  |  |  |  | 4.710  | 4.710  | 4.710  | 03/03/2026 | 03/03/2026 | 03/03/2026 | 06/03/2026 | 06/03/2026 | 06/03/2026 |  | (22219) | (22219) |  | (22304) | (22304) |
|  |  |  |  |  |  |  |  |  |  |  | 4.740  | 4.740  | 4.740  | 03/26/2026 | 03/26/2026 | 03/26/2026 | 05/11/2026 | 05/11/2026 | 05/11/2026 |  | (846) | (846) |  | (847) | (847) |
|  |  |  |  |  |  |  |  |  |  |  | 4.750  | 4.750  | 4.750  | 01/06/2026 | 01/06/2026 | 01/06/2026 | 04/06/2026 | 04/06/2026 | 04/06/2026 |  | (4367) | (4367) |  | (4416) | (4416) |
|  |  |  |  |  |  |  |  |  |  |  | 4.770  | 4.770  | 4.770  | 11/19/2025 | 11/19/2025 | 11/19/2025 | 05/19/2026 | 05/19/2026 | 05/19/2026 |  | (949) | (949) |  | (966) | (966) |
|  |  |  |  |  |  |  |  |  |  |  | 4.770  | 4.770  | 4.770  | 01/23/2026 | 01/23/2026 | 01/23/2026 | 04/23/2026 | 04/23/2026 | 04/23/2026 |  | (29404) | (29404) |  | (29669) | (29669) |
|  |  |  |  |  |  |  |  |  |  |  | 4.820  | 4.820  | 4.820  | 11/19/2025 | 11/19/2025 | 11/19/2025 | 05/19/2026 | 05/19/2026 | 05/19/2026 |  | (7758) | (7758) |  | (7896) | (7896) |
|  |  |  |  |  |  |  |  |  |  |  | 4.820  | 4.820  | 4.820  | 01/23/2026 | 01/23/2026 | 01/23/2026 | 04/23/2026 | 04/23/2026 | 04/23/2026 |  | (3176) | (3176) |  | (3205) | (3205) |
|  |  |  |  |  |  |  |  |  |  |  | 4.850  | 4.850  | 4.850  | 10/27/2025 | 10/27/2025 | 10/27/2025 | 04/27/2026 | 04/27/2026 | 04/27/2026 |  | (2124) | (2124) |  | (2169) | (2169) |
|  |  |  |  |  |  |  |  |  |  |  | 4.900  | 4.900  | 4.900  | 10/16/2025 | 10/16/2025 | 10/16/2025 | 04/16/2026 | 04/16/2026 | 04/16/2026 |  | (4861) | (4861) |  | (4972) | (4972) |
|  |  |  |  |  |  |  |  |  |  |  | 4.920  | 4.920  | 4.920  | 11/19/2025 | 11/19/2025 | 11/19/2025 | 05/19/2026 | 05/19/2026 | 05/19/2026 |  | (12101) | (12101) |  | (12321) | (12321) |
| WFS | WFS | WFS | WFS | WFS | WFS | WFS | WFS | WFS | WFS | WFS | 4.330  | 4.330  | 4.330  | 03/18/2026 | 03/18/2026 | 03/18/2026 | 06/15/2026 | 06/15/2026 | 06/15/2026 |  | (9874) | (9874) |  | (9890) | (9890) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  |  |  |  | **$** | $**(1989816)** | **(1989816)** |
| **(m)** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,589,507 and cash of $20,377 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** |
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(1812404) at a weighted average interest rate of 4.819%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(2)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| **(n)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description | Description | Description | Description |  |  | Expiration<br>Month | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset |  | Liability |
| 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 06/2026 | 06/2026 | 06/2026 | 64 | 64 | (15412) | (15412) | (15412) | $53 | 53 | 53 | 0 | 0 | 0 | $ | (1) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **53** | **53** | **53** | **0** | **0** | **0** | **$** | **(1)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>March 31, 2026<sup>(2)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(2)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(2)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(2)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(2)</sup> | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) |  |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Asset | Liability |
| Worldline SA/France  | Worldline SA/France  | Worldline SA/France  | 5.000% | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 10.088 | 10.088 | 10.088 | 10.088 | % | 2100 | 2100 | (203) | $ | $ | 23 | $ | (180) | (180) | 0 | 0 | 0 | (30) |
| Worldline SA/France  | Worldline SA/France  | Worldline SA/France  | 5.000 | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 10.418 | 10.418 | 10.418 | 10.418 |  | 400 | 400 | (57) |  |  | 3 |  | (54) | (54) | 0 | 0 | 0 | (5) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (260) | $ | $ | 26 | $ | (234) | (234) | 0 | 0 | 0 | (35) |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Asset | Asset | Liability |
| Pay | Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500% | 3.500% | Annual | Annual | 03/18/2031 | 03/18/2031 | 03/18/2031 | GBP | 68040 | 68040 | $(1444) | (1444) | $ | (1457) | (1457) | $(2901) | (2901) | $217 | 217 | 217 | $0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | 1-Day GBP-SONIO Compounded-OIS | 0.750 | Annual | 09/21/2032 | 9000 |  | 874 |  | 1659 |  | 2533 |  | 0 |  | (26) |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 2.000 | Annual | 03/15/2033 | 4600 |  | 512 |  | 321 |  | 833 |  | 0 |  | (15) |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 0.750 | Annual | 09/21/2052 | 18100 |  | 1978 |  | 13022 |  | 15000 |  | 0 |  | (34) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.400 | Annual | 09/16/2026 | $305600 |  | 351 |  | 1379 |  | 1730 |  | 26 |  | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.500 | Semi-Annual | 06/21/2027 | 11500 |  | (373) |  | 70 |  | (303) |  | 3 |  | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.200 | Annual | 09/15/2027 | 236100 |  | 367 |  | 1721 |  | 2088 |  | 88 |  | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.500 | Semi-Annual | 12/20/2027 | 2500 |  | 20 |  | (66) |  | (46) |  | 1 |  | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.100 | Annual | 03/21/2028 | 340000 |  | 377 |  | 2727 |  | 3104 |  | 184 |  | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.250 | Semi-Annual | 06/20/2028 | 58100 |  | (1904) |  | 165 |  | (1739) |  | 26 |  | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.420 | Semi-Annual | 08/17/2028 | 93400 |  | (21) |  | 5500 |  | 5479 |  | 0 |  | (44) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/20/2028 | 56100 |  | 622 |  | (376) |  | 246 |  | 40 |  | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 03/15/2029 | 24000 |  | 94 |  | 192 |  | 286 |  | 19 |  | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.000 | Semi-Annual | 06/19/2029 | 59000 |  | 3100 |  | (4223) |  | (1123) |  | 42 |  | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2029 | 89300 |  | (1675) |  | 1443 |  | (232) |  | 0 |  | (74) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.900 | Annual | 03/21/2030 | 233100 |  | 71 |  | 2652 |  | 2723 |  | 233 |  | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2030 | 665600 |  | (6576) |  | (6686) |  | (13262) |  | 648 |  | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.900 | Annual | 03/16/2031 | 48200 |  | 211 |  | 398 |  | 609 |  | 53 |  | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2031 | 1201310 |  | 3785 |  | (10346) |  | (6561) |  | 1263 |  | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.000 | Annual | 12/21/2032 | 84400 |  | 10215 |  | (1213) |  | 9002 |  | 0 |  | (93) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/20/2033 | 44600 |  | 316 |  | (1113) |  | (797) |  | 46 |  | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2034 | 1250 |  | (11) |  | 4 |  | (7) |  | 2 |  | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 | 45650 |  | (748) |  | 1128 |  | 380 |  | 0 |  | (38) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2045 | 28720 |  | 556 |  | 1066 |  | 1622 |  | 51 |  | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.150 | Semi-Annual | 09/20/2050 | 24300 |  | 45 |  | 12358 |  | 12403 |  | 59 |  | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.250 | Semi-Annual | 06/16/2051 | 74500 |  | 13419 |  | 23824 |  | 37243 |  | 190 |  | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2052 | 117100 |  | 20294 |  | 27302 |  | 47596 |  | 335 |  | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 12/21/2052 | 42000 |  | 10116 |  | 6571 |  | 16687 |  | 121 |  | 0 |
| Receive | 1-Year BRL-CDI | 11.115 | Maturity | 01/04/2027 | 290000 |  | 0 |  | 2829 |  | 2829 |  | 0 |  | (78) |
| Pay | 1-Year BRL-CDI | 11.250 | Maturity | 01/04/2027 | 3200 |  | 0 |  | (47) |  | (47) |  | 1 |  | 0 |
| Pay | 1-Year BRL-CDI | 11.275 | Maturity | 01/04/2027 | 1600 |  | 0 |  | (23) |  | (23) |  | 0 |  | 0 |
| Pay | 1-Year BRL-CDI | 11.290 | Maturity | 01/04/2027 | 1600 |  | 0 |  | (23) |  | (23) |  | 0 |  | 0 |
| Pay | 1-Year BRL-CDI | 11.731 | Maturity | 01/04/2027 | 800 |  | 0 |  | (9) |  | (9) |  | 0 |  | 0 |
| Pay | 1-Year BRL-CDI | 11.746 | Maturity | 01/04/2027 | 3600 |  | 0 |  | (38) |  | (38) |  | 1 |  | 0 |
| Pay | 1-Year BRL-CDI | 11.901 | Maturity | 01/04/2027 | 8500 |  | 0 |  | (80) |  | (80) |  | 2 |  | 0 |
| Pay | 1-Year BRL-CDI | 12.047 | Maturity | 01/04/2027 | 269000 |  | 0 |  | (2227) |  | (2227) |  | 72 |  | 0 |
| Receive | 6-Month EUR-EURIBOR | 0.150 | Annual | 03/18/2030 | 4400 |  | 81 |  | 491 |  | 572 |  | 0 |  | (15) |
| Receive | 6-Month EUR-EURIBOR | 0.150 | Annual | 06/17/2030 | 900 |  | (1) |  | 118 |  | 117 |  | 0 |  | (3) |
| Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 2.500 | Annual | 09/16/2031 | 38400 |  | 10 |  | (913) |  | (903) |  | 192 |  | 0 |
| Receive | 6-Month EUR-EURIBOR | 0.250 | Annual | 03/18/2050 | 4400 |  | 244 |  | 2273 |  | 2517 |  | 0 |  | (27) |
| Receive | 6-Month EUR-EURIBOR | 0.500 | Annual | 06/17/2050 | 13500 |  | (99) |  | 7236 |  | 7137 |  | 0 |  | (83) |
| Receive | 6-Month EUR-EURIBOR | 0.500 | Annual | 09/21/2052 | 16800 |  | 1455 |  | 7765 |  | 9220 |  | 0 |  | (106) |
| Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 0.830 | Annual | 12/09/2052 | 52500 |  | 316 |  | 6167 |  | 6483 |  | 63 |  | 0 |
| Receive | 6-Month EUR-EURIBOR | 1.500 | Annual | 03/15/2053 | 2500 |  | 330 |  | 535 |  | 865 |  | 0 |  | (20) |
| Pay | Venture Global LNG, Inc. | 5.000 | Quarterly | 12/20/2030 | $23300 |  | 250 |  | 2164 |  | 2414 |  | 99 |  | 0 |
| Pay | Worldline SA/France | 5.000 | Quarterly | 12/20/2030 | 63500 |  | (10373) |  | (2850) |  | (13223) |  | 0 |  | (937) |
|  |  |  |  |  |  | $46784 | 46784 | $101390 | 101390 | $148174 | 148174 | $4077 | 4077 | $(1593) | (1593) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**46524** | **46524** | $**101416** | **101416** | $**147940** | **147940** | $**4077** | **4077** | $**(1628)** | **(1628)** |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **(o)** | **Securities with an aggregate market value of $25,701 and cash of $100,963 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $25,701 and cash of $100,963 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $25,701 and cash of $100,963 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $25,701 and cash of $100,963 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $25,701 and cash of $100,963 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $25,701 and cash of $100,963 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $25,701 and cash of $100,963 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** |
| <sup>(1)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(3)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(p)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Currency to<br>be Delivered | Currency to<br>be Received | Currency to<br>be Received | Asset | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 04/2026  | 9865 | $1892 | 1892 | $0 | $(13) |
|  |  | 04/2026  | 212975 | 3423 | 3423 | 4 | (77) |
|  |  | 04/2026  | 368 | 4 | 4 | 0 | 0 |
|  |  | 04/2026  | 740770 | 4643 | 4643 | 0 | (25) |
|  |  | 04/2026  | $1890 | 9865 | 9865 | 14 | 0 |
|  |  | 04/2026  | 609434 | 530210 | 530210 | 3446 | (37) |
|  |  | 04/2026  | 4 | 369 | 369 | 0 | 0 |
|  |  | 04/2026  | 90 | 14020 | 14020 | 0 | (2) |
|  |  | 05/2026  | 12330 | $190 | 190 | 0 | (13) |
|  |  | 05/2026  | 534539 | 615282 | 615282 | 0 | (3506) |
|  |  | 05/2026  | $168 | 1165 | 1165 | 1 | 0 |
|  |  | 05/2026  | 4643 | 738539 | 738539 | 25 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 04/2026  | 956 | $705 | 705 | 18 | 0 |
|  |  | 04/2026  | 12503 | 14427 | 14427 | 8 | (33) |
|  |  | 04/2026  | 2208 | 2948 | 2948 | 26 | 0 |
|  |  | 04/2026  | $8374 | 7213 | 7213 | 0 | (37) |
|  |  | 04/2026  | 47 | 170 | 170 | 0 | (1) |
|  |  | 05/2026  | 6655100 | $41833 | 41833 | 0 | (226) |
|  |  | 05/2026  | $701 | 214 | 214 | 0 | (10) |
|  |  | 06/2026  | 92 | 1553388 | 1553388 | 0 | (1) |
|  |  | 06/2026  | 503 | 154 | 154 | 0 | (6) |
|  |  | 07/2026  | 312 | 95 | 95 | 0 | (4) |
|  |  | 06/2027  | 243 | 74 | 74 | 0 | (4) |
|  |  | 05/2029  | 1047 | $3600 | 3600 | 172 | 0 |
|  |  | 07/2029  | 154 | 530 | 530 | 25 | 0 |
|  |  | 05/2030  | 763 | 2626 | 2626 | 119 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 04/2026  | 11333 | 13159 | 13159 | 60 | 0 |
|  |  | 04/2026  | 118405 | 160129 | 160129 | 3408 | 0 |
|  |  | 04/2026  | 20199 | 2582 | 2582 | 3 | 0 |
|  |  | 04/2026  | 1157236 | 25103 | 25103 | 0 | (388) |
|  |  | 04/2026  | $690 | 957 | 957 | 0 | (2) |
|  |  | 04/2026  | 2670 | 2303 | 2303 | 0 | (8) |
|  |  | 04/2026  | 46 | 167 | 167 | 0 | (1) |
|  |  | 04/2026  | 58901 | 2667435 | 2667435 | 375 | 0 |
|  |  | 04/2026  | 28002 | $1711 | 1711 | 59 | 0 |
|  |  | 05/2026  | 956 | 690 | 690 | 2 | 0 |
|  |  | 05/2026  | 156782 | 3362 | 3362 | 0 | (22) |
|  |  | 05/2026  | $688 | 31896 | 31896 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 04/2026  | 2984322 | $18690 | 18690 | 0 | (114) |
|  |  | 04/2026  | $134182 | 100798 | 100798 | 0 | (766) |
|  |  | 04/2026  | 554 | 2006 | 2006 | 0 | (14) |
|  |  | 05/2026  | 100797 | $134176 | 134176 | 766 | 0 |
|  |  | 05/2026  | $18690 | 2975326 | 2975326 | 114 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | 04/2026  | 22 | $3 | 3 | 0 | 0 |
|  |  | 04/2026  | 3737 | 4353 | 4353 | 34 | 0 |
|  |  | 04/2026  | 2451 | 3275 | 3275 | 31 | 0 |
|  |  | 04/2026  | 3181 | 34 | 34 | 0 | 0 |
|  |  | 04/2026  | $4837 | 4162 | 4162 | 0 | (26) |
|  |  | 04/2026  | 20024 | 15022 | 15022 | 0 | (141) |
|  |  | 04/2026  | 87 | 7994 | 7994 | 0 | (2) |
|  |  | 04/2026  | 74157 | $4379 | 4379 | 2 | 0 |
|  |  | 05/2026  | $1174 | 887 | 887 | 0 | 0 |
|  |  | 09/2026  | 161349825 | $41552 | 41552 | 0 | (746) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | &nbsp;&nbsp;&nbsp;&nbsp; DUB | 04/2026  | 77280 | 11279 | 11279 | 59 | 0 |
|  |  | 04/2026  | 98021 | 12530 | 12530 | 17 | 0 |
|  |  | 04/2026  | 357 | 4 | 4 | 0 | 0 |
|  |  | 04/2026  | $11174 | 77274 | 77274 | 45 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  | 04/2026  | 04/2026  |  |  | 4 | 4 | INR | 357 | 357 | 357 |  | 0 | 0 | 0 |  | 0 | 0 |
|  |  |  |  |  | 05/2026  | 05/2026  | CNH | CNH | 77087 | 77087 | $ | 11174 | 11174 | 11174 |  | 0 | 0 | 0 |  | (46) | (46) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | 04/2026  | 04/2026  | CHF | CHF | 838 | 838 |  | 1086 | 1086 | 1086 |  | 38 | 38 | 38 |  | 0 | 0 |
|  |  |  |  |  | 04/2026  | 04/2026  | JPY | JPY | 2962308 | 2962308 |  | 18561 | 18561 | 18561 |  | 0 | 0 | 0 |  | (105) | (105) |
|  |  |  |  |  | 04/2026  | 04/2026  | $ | $ | 1051 | 1051 | CHF | 837 | 837 | 837 |  | 0 | 0 | 0 |  | (4) | (4) |
|  |  |  |  |  | 04/2026  | 04/2026  |  |  | 8851 | 8851 | GBP | 6543 | 6543 | 6543 |  | 0 | 0 | 0 |  | (190) | (190) |
|  |  |  |  |  | 04/2026  | 04/2026  |  |  | 41720 | 41720 | JPY | 6518601 | 6518601 | 6518601 |  | 0 | 0 | 0 |  | (647) | (647) |
|  |  |  |  |  | 04/2026  | 04/2026  |  |  | 52 | 52 | PLN | 186 | 186 | 186 |  | 0 | 0 | 0 |  | (1) | (1) |
|  |  |  |  |  | 05/2026  | 05/2026  | CHF | CHF | 835 | 835 | $ | 1051 | 1051 | 1051 |  | 4 | 4 | 4 |  | 0 | 0 |
|  |  |  |  |  | 05/2026  | 05/2026  | $ | $ | 18561 | 18561 | JPY | 2953360 | 2953360 | 2953360 |  | 104 | 104 | 104 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | &nbsp;&nbsp;&nbsp;&nbsp; GLM | &nbsp;&nbsp;&nbsp;&nbsp; GLM | &nbsp;&nbsp;&nbsp;&nbsp; GLM | &nbsp;&nbsp;&nbsp;&nbsp; GLM | 04/2026  | 04/2026  | BRL | BRL | 9910 | 9910 | $ | 1899 | 1899 | 1899 |  | 0 | 0 | 0 |  | (14) | (14) |
|  |  |  |  |  | 04/2026  | 04/2026  | DOP | DOP | 299386 | 299386 |  | 4638 | 4638 | 4638 |  | 0 | 0 | 0 |  | (270) | (270) |
|  |  |  |  |  | 04/2026  | 04/2026  | $ | $ | 1865 | 1865 | BRL | 9910 | 9910 | 9910 |  | 48 | 48 | 48 |  | 0 | 0 |
|  |  |  |  |  | 05/2026  | 05/2026  | DOP | DOP | 520944 | 520944 | $ | 8087 | 8087 | 8087 |  | 0 | 0 | 0 |  | (476) | (476) |
|  |  |  |  |  | 05/2026  | 05/2026  | GBP | GBP | 702 | 702 |  | 930 | 930 | 930 |  | 0 | 0 | 0 |  | 0 | 0 |
|  |  |  |  |  | 06/2026  | 06/2026  | BRL | BRL | 10042 | 10042 |  | 1865 | 1865 | 1865 |  | 0 | 0 | 0 |  | (48) | (48) |
|  |  |  |  |  | 06/2026  | 06/2026  | DOP | DOP | 54679 | 54679 |  | 891 | 891 | 891 |  | 0 | 0 | 0 |  | (5) | (5) |
|  |  |  |  |  | 06/2026  | 06/2026  | $ | $ | 544 | 544 | MXN | 9692 | 9692 | 9692 |  | 0 | 0 | 0 |  | (6) | (6) |
|  |  |  |  |  | 08/2026  | 08/2026  | DOP | DOP | 356259 | 356259 | $ | 5691 | 5691 | 5691 |  | 0 | 0 | 0 |  | (102) | (102) |
|  |  |  |  |  | 09/2026  | 09/2026  |  |  | 49727 | 49727 |  | 787 | 787 | 787 |  | 0 | 0 | 0 |  | (20) | (20) |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | &nbsp;&nbsp;&nbsp;&nbsp; IND | &nbsp;&nbsp;&nbsp;&nbsp; IND | &nbsp;&nbsp;&nbsp;&nbsp; IND | &nbsp;&nbsp;&nbsp;&nbsp; IND | 04/2026  | 04/2026  | EUR | EUR | 528844 | 528844 |  | 624452 | 624452 | 624452 |  | 13187 | 13187 | 13187 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 04/2026  | 04/2026  | $ | $ | 1343 | 1343 | EUR | 1171 | 1171 | 1171 |  | 11 | 11 | 11 |  | 0 | 0 |
|  |  |  |  |  | 04/2026  | 04/2026  |  |  | 998 | 998 | JPY | 155336 | 155336 | 155336 |  | 0 | 0 | 0 |  | (19) | (19) |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | 04/2026  | 04/2026  |  |  | 7498 | 7498 | TRY | 343561 | 343561 | 343561 |  | 215 | 215 | 215 |  | 0 | 0 |
|  |  |  |  |  | 05/2026  | 05/2026  |  |  | 439 | 439 |  | 20332 | 20332 | 20332 |  | 0 | 0 | 0 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; RYL | &nbsp;&nbsp;&nbsp;&nbsp; RYL | &nbsp;&nbsp;&nbsp;&nbsp; RYL | &nbsp;&nbsp;&nbsp;&nbsp; RYL | &nbsp;&nbsp;&nbsp;&nbsp; RYL | 04/2026  | 04/2026  |  |  | 13346 | 13346 | EUR | 11358 | 11358 | 11358 |  | 0 | 0 | 0 |  | (218) | (218) |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**22440** | **22440** | **22440** | **22440** | $**(8396)** | **(8396)** | **(8396)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> |
| Counterparty | Counterparty | Reference Entity | Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Implied<br>Credit Spread at<br>March 31, 2026<sup>(2)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(2)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(2)</sup> |  | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset | Liability |
| BOA | BOA | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | 5.000% | 5.000% | Quarterly | 12/20/2026 | 2.754% | 2.754% | 2.754% | $ | 100 | 2 | 2 | 0 | $ | 2 | 2 | 0 |
| BPS | BPS | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | 5.000 | 5.000 | Quarterly | 12/20/2026 | 2.754 | 2.754 | 2.754 |  | 100 | 2 | 2 | 0 |  | 2 | 2 | 0 |
| BRC | BRC | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | 5.000 | 5.000 | Quarterly | 12/20/2026 | 2.754 | 2.754 | 2.754 |  | 150 | 3 | 3 | (1) |  | 2 | 2 | 0 |
|  |  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | 5.000 | 5.000 | Quarterly | 06/20/2027 | 3.980 | 3.980 | 3.980 |  | 7750 | 92 | 92 | 14 |  | 106 | 106 | 0 |
|  |  | Nissan Motor Co. Ltd.  | Nissan Motor Co. Ltd.  | Nissan Motor Co. Ltd.  | Nissan Motor Co. Ltd.  | 1.000 | 1.000 | Quarterly | 12/20/2030 | 2.738 | 2.738 | 2.738 | JPY | 900000 | (495) | (495) | 75 |  | 0 | 0 | (420) |
|  |  | Petroleos Mexicanos  | Petroleos Mexicanos  | Petroleos Mexicanos  | Petroleos Mexicanos  | 1.000 | 1.000 | Quarterly | 12/20/2030 | 3.124 | 3.124 | 3.124 | $ | 14400 | (1132) | (1132) | (96) |  | 0 | 0 | (1228) |
| CBK | CBK | Petroleos Mexicanos  | Petroleos Mexicanos  | Petroleos Mexicanos  | Petroleos Mexicanos  | 1.000 | 1.000 | Quarterly | 12/20/2030 | 3.124 | 3.124 | 3.124 |  | 8000 | (648) | (648) | (35) |  | 0 | 0 | (683) |
| GST | GST | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | 1.000 | 1.000 | Quarterly | 06/20/2026 | 1.662 | 1.662 | 1.662 |  | 5700 | (48) | (48) | 41 |  | 0 | 0 | (7) |
| MYC | MYC | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | 5.000 | 5.000 | Quarterly | 12/20/2026 | 2.754 | 2.754 | 2.754 |  | 1650 | 36 | 36 | (7) |  | 29 | 29 | 0 |
|  |  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | 5.000 | 5.000 | Quarterly | 06/20/2027 | 3.980 | 3.980 | 3.980 |  | 1900 | 31 | 31 | (5) |  | 26 | 26 | 0 |
|  |  | Nissan Motor Co. Ltd.  | Nissan Motor Co. Ltd.  | Nissan Motor Co. Ltd.  | Nissan Motor Co. Ltd.  | 1.000 | 1.000 | Quarterly | 12/20/2030 | 2.738 | 2.738 | 2.738 | JPY | 639600 | (347) | (347) | 49 |  | 0 | 0 | (298) |
|  |  | Petroleos Mexicanos  | Petroleos Mexicanos  | Petroleos Mexicanos  | Petroleos Mexicanos  | 1.000 | 1.000 | Quarterly | 06/20/2027 | 2.236 | 2.236 | 2.236 | $ | 200 | (3) | (3) | 0 |  | 0 | 0 | (3) |
| NGF | NGF | Nissan Motor Co. Ltd.  | Nissan Motor Co. Ltd.  | Nissan Motor Co. Ltd.  | Nissan Motor Co. Ltd.  | 1.000 | 1.000 | Quarterly | 12/20/2030 | 2.738 | 2.738 | 2.738 | JPY | 60400 | (31) | (31) | 3 |  | 0 | 0 | (28) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2538) | (2538) | 38 | $ | 167 | 167 | (2667) |
| **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| Counterparty | Counterparty | Pay/<br>Receive | Pay/<br>Receive | Underlying Reference | Underlying Reference | Underlying Reference | Financing Rate | Financing Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset | Liability |
| BPS | BPS | Pay | Pay | AP Core Holdings II, LLC  | AP Core Holdings II, LLC  | AP Core Holdings II, LLC  | 0.000% | 0.000% | MISSING | MISSING | 01/30/2026 | 01/30/2026 | 01/30/2026 | 84 | 0 | 0 | 87 |  | 87 | 87 | 0 |
| **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/Receive<sup>(5)</sup> | Pay/Receive<sup>(5)</sup> | Underlying<br>Reference | Underlying<br>Reference | # of Shares | # of Shares | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount |  |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; MYC | &nbsp;&nbsp; MYC | &nbsp;&nbsp; MYC | Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | Agile Group Holdings Ltd. « | Agile Group Holdings Ltd. « | 0 | 0 | Maturity | Maturity | 01/28/2036 | 01/28/2036 | CNY | 101100 | 42 | 42 | $(2999) | (2999) | 0 | 0 | $(2957) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **(2496)** | **(2496)** | **(2874)** | **$** | **254** | **254** | **(5624)** |
| **(q)** | **Securities with an aggregate market value of $7,684 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,684 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,684 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,684 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,684 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,684 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,684 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,684 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,684 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,684 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,684 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,684 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,684 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,684 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,684 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,684 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,684 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,684 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,684 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,684 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,684 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| <sup>(1)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(3)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Level 1 | Level 2 | Level 3 | Fair Value<br>at 03/31/2026 |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | $0 | $872917 | $839431 | $1712348 |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | 0 | 250902 | 0 | 250902 |
| Industrials | Industrials | 0 | 589768 | 85449 | 675217 |
| Utilities | Utilities | 0 | 68326 | 2289 | 70615 |
| Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes |
| Banking & Finance | Banking & Finance | 0 | 543 | 0 | 543 |
| Industrials | Industrials | 0 | 36100 | 0 | 36100 |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |
| Michigan | Michigan | 0 | 11435 | 0 | 11435 |
| West Virginia | West Virginia | 0 | 111 | 0 | 111 |
| U.S. Government Agencies | U.S. Government Agencies | 0 | 118472 | 0 | 118472 |
| U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 5462 | 0 | 5462 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 1012081 | 196924 | 1209005 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Automobile ABS Other | Automobile ABS Other | 0 | 4541 | 1000 | 5541 |
| Automobile Sequential | Automobile Sequential | 0 | 0 | 15685 | 15685 |
| Home Equity Other | Home Equity Other | 0 | 620233 | 0 | 620233 |
| Manufacturing House ABS Other | Manufacturing House ABS Other | 0 | 1593 | 0 | 1593 |
| Manufacturing House Sequential | Manufacturing House Sequential | 0 | 4624 | 0 | 4624 |
| Whole Loan Collateral | Whole Loan Collateral | 0 | 14219 | 0 | 14219 |
| Other ABS | Other ABS | 0 | 152623 | 83120 | 235743 |
| Sovereign Issues | Sovereign Issues | 0 | 178967 | 0 | 178967 |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Communication Services | Communication Services | 4502 | 809 | 10395 | 15706 |
| Consumer Discretionary | Consumer Discretionary | 0 | 0 | 23 | 23 |
| Financials | Financials | 0 | 31447 | 0 | 31447 |
| Industrials | Industrials | 11 | 0 | 7081 | 7092 |
| Real Estate | Real Estate | 0 | 9 | 0 | 9 |
| Warrants | Warrants | Warrants | Warrants | Warrants | Warrants |
| Communication Services | Communication Services | 0 | 2990 | 0 | 2990 |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |
| Banking & Finance | Banking & Finance | 0 | 0 | 31892 | 31892 |
| Industrials | Industrials | 0 | 39640 | 187410 | 227050 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 0 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | Mutual Funds | 0 | 8228 | 0 | 8228 |
| Egypt Treasury Bills | Egypt Treasury Bills | 0 | 1003 | 0 | 1003 |
| Nigeria Treasury Bills | Nigeria Treasury Bills | 0 | 90115 | 0 | 90115 |
| U.S. Treasury Bills | U.S. Treasury Bills | 0 | 41586 | 0 | 41586 |
|  |  | $4513 | $4158744 | $1460699 | $5623956 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Affiliated Investments | Affiliated Investments | 0 | 15364 | 187711 | 203075 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | 481721 | 0 | 0 | 481721 |
|  |  | $481721 | $15364 | $187711 | $684796 |
| Total Investments | Total Investments | $486234 | $4174108 | $1648410 | $6308752 |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 0 | 4077 | 0 | 4077 |
| Over the counter | Over the counter | 0 | 22694 | 0 | 22694 |
|  |  | $0 | $26771 | $0 | $26771 |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |
| Exchange-traded or centrally cleared | 0 | (1629) | 0 | (1629) |
| Over the counter | 0 | (11063) | (2957) | (14020) |
|  | $0 | $(12692) | $(2957) | $(15649) |
| Total Financial Derivative Instruments | $0 | $14079 | $(2957) | $11122 |
| Totals | $486234 | $4188187 | $1645453 | $6319874 |

---

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** |
| Category and Subcategory | Beginning<br>Balance<br>at 06/30/2025 | Beginning<br>Balance<br>at 06/30/2025 | Net<br>Purchases<sup>(1)</sup> | Net<br>Sales/Settlements<sup>(1)</sup> | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 03/31/2026 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>03/31/2026<sup>(2)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | $562603 | 562603 | $233902 | $(216675) | $2922 | $2789 | $(4379) | $258269 | $0 | $839431 | $(2525) |
| Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance |  | 1261 | (26) | (108) | 0 | 6 | 37 | 0 | (1170) | 0 | 0 |
| Industrials |  | 88692 | 5469 | (18508) | 276 | 0 | 9520 | 0 | 0 | 85449 | 4355 |
| Utilities |  | 0 | 9088 | 0 | (13) | 0 | (6786) | 0 | 0 | 2289 | (6786) |
| Non-Agency Mortgage-Backed Securities | 41333 | 41333 | 160630 | 0 | 513 | (1) | (5551) | 0 | 0 | 196924 | (6040) |
| Asset-Backed Securities |  |  |  |  |  |  |  |  |  |  |  |
| Automobile ABS Other | 2218 | 2218 | 0 | 0 | 0 | 0 | (557) | 0 | (661) | 1000 | (16) |
| Automobile Sequential | 16261 | 16261 | 0 | (539) | 0 | 0 | (37) | 0 | 0 | 15685 | (29) |
| Other ABS | 107208 | 107208 | 0 | (2607) | 71 | (11198) | 4707 | 0 | (15061) | 83120 | (4301) |
| Common Stocks |  |  |  |  |  |  |  |  |  |  |  |
| Communication Services |  | 26986 | 0 | (24136) | 0 | 12606 | (5061) | 0 | 0 | 10395 | 10190 |
| Consumer Discretionary |  | 23 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23 | 0 |
| Financials |  | 23122 | 0 | (23692) | 0 | (19065) | 19635 | 0 | 0 | 0 | 0 |
| Industrials |  | 722 | 19586 | (14268) | 0 | 219 | 822 | 0 | 0 | 7081 | 822 |
| Warrants |  |  |  |  |  |  |  |  |  |  |  |
| Communication Services |  | 5325 | 0 | (4799) | 0 | 1268 | (1794) | 0 | 0 | 0 | 0 |
| Financials |  | 3 | 0 | (16) | 0 | (11782) | 11795 | 0 | 0 | 0 | 0 |
| Preferred Securities |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance |  | 0 | 31221 | 0 | 0 | 0 | 671 | 0 | 0 | 31892 | 670 |
| Industrials |  | 71363 | 120962 | 0 | 0 | 0 | (4915) | 0 | 0 | 187410 | (4916) |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Common Stocks |  |  |  |  |  |  |  |  |  |  |  |
| Affiliated Investments |  | 203106 | 0 | (21008) | 0 | 0 | 5613 | 0 | 0 | 187711 | 5284 |
|  | $1150226 | 1150226 | $580832 | $(326356) | $3769 | $(25158) | $23720 | $258269 | $(16892) | $1648410 | $(3292) |
| **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** |
| Over the counter | $(2704) | (2704) | $0 | $0 | $0 | $0 | $(253) | $0 | $0 | $(2957) | $(254) |
| Totals | $1147522 | 1147522 | $580832 | $(326356) | $3769 | $(25158) | $23467 | $258269 | $(16892) | $1645453 | $(3546) |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Ending<br>Balance<br>at 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs |  | Input Value(s) | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | $76704 | 76704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | X | 16.360 |  |
|  | 457906 | 457906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate |  | 3.030 – 22.746 | 9.431 |
|  | 20207 | 20207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote |  | 101.250 |  |
|  | 23721 | 23721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price |  | 96.000 – 100.000 | 99.090 |
|  | 260893 | 260893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote |  | 43.500 – 122.000 | 105.606 |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Industrials | 85449 | 85449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies / Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple/Discount Rate | X/% | 12.500/ 10.000 |  |
| Utilities | 1281 | 1281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote |  | 450.000 |  |
|  | 1008 | 1008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | EUR | 12.000 |  |
| Non-Agency Mortgage-Backed Securities | 152897 | 152897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate |  | 6.600 – 10.800 | 7.474 |
|  | 3 | 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; - |  | - |  |
|  | 44024 | 44024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price |  | 100.000 |  |

---

------

<br> Consolidated Schedule of Investments PIMCO Flexible Credit Income Fund(Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Asset-Backed Securities | Asset-Backed Securities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Automobile ABS Other | &nbsp;&nbsp;&nbsp;&nbsp;Automobile ABS Other | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 16.000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Automobile Sequential | &nbsp;&nbsp;&nbsp;&nbsp;Automobile Sequential | 15685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 10.420 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other ABS | &nbsp;&nbsp;&nbsp;&nbsp;Other ABS | 83120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 6.454 – 24.500 | 11.942 |
| Common Stocks | Common Stocks |  |  |  |  |  |
| Communication Services | Communication Services | 10054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | $15.000 |  |
|  |  | 341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reference Instrument | &nbsp;&nbsp;&nbsp;&nbsp; Liquidity Discount | 12.000 |  |
| Consumer Discretionary | Consumer Discretionary | 23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies / Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Revenue Multiple / Discount Rate | 0.500/20.750 |  |
| Industrials | Industrials | 1262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | $0.594 – 4.250 | 4.096 |
|  |  | 5819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 16.000 |  |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |
| Banking & Finance | Banking & Finance | 11119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 11.900 |  |
|  |  | 20773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | $0.000 |  |
| Industrials | Industrials | 989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp; Revenue/ EBITDA Multiple | 4.625/18.000 |  |
|  |  | 106655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 3.734 – 19.155 | 15.098 |
|  |  | 79766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; - | - |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Affiliated Investments | Affiliated Investments | 112664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | 16.360 |  |
|  |  | 48119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies / Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple/Discount Rate | 12.500/10.000 |  |
|  |  | 26928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sum of the Parts | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate/Mortality Assumption | 15.323/2015 ANB VBT Mortality Table |  |
| **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** |
| Over the counter | Over the counter | (2957) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | (20.205) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Total | Total | $1645453 |  |  |  |  |
| <sup>(1)</sup> | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. |
| <sup>(2)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. |
| <sup>(3)</sup> | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. |

---

------

Notes to Financial Statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. BASIS FOR CONSOLIDATION**

PFLEXLS I LLC, CLM 13648 LLC and MLM 13648 LLC (each a "Subsidiary" and, collectively, the "Subsidiaries"), each a Delaware limited liability company, were formed as wholly owned subsidiaries acting as investment vehicles for thePIMCO Flexible Credit Income Fund (the "Fund") in order to effect certain investments for the Fund consistent with the Fund's investment objectives and policies in effect from time to time.The Fund's investment portfolio has been consolidated and includes the portfolio holdings ofthe Fund and the Subsidiaries. Accordingly, the consolidated financial statements include the accounts of the Fund and the Subsidiaries. All inter-company transactions and balances have been eliminated. This structure was established so that certain loans could be held by a separate legal entity from the Fund. See the table below for details regarding the structure and incorporation as of the period end of the Subsidiaries.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; **Subsidiary** | &nbsp;&nbsp; **Date of Organization** | &nbsp;&nbsp; **Subsidiary % of Consolidated Fund Net Assets**<sup>†</sup> |
| &nbsp;&nbsp;&nbsp; PFLEXLS I LLC | &nbsp;&nbsp;&nbsp; 12/01/2017 | &nbsp;&nbsp;&nbsp; 0.0% |
| &nbsp;&nbsp;&nbsp; CLM 13648 LLC | &nbsp;&nbsp;&nbsp; 03/29/2018 | &nbsp;&nbsp;&nbsp; 0.0% |
| &nbsp;&nbsp;&nbsp; MLM 13648 LLC | &nbsp;&nbsp;&nbsp; 04/03/2018 | &nbsp;&nbsp;&nbsp; 3.1% |

---

<sup>†</sup> A zero balance may reflect actual amounts rounding to less than 0.01%.

**2. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS**

**(a) Investment Valuation Policies** The net asset value ("NAV") of the Fund's shares, or each of its share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the Fund or class, less any liabilities, as applicable, by the total number of shares outstanding.

On each day that the New York Stock Exchange ("NYSE") is open, the Fund's shares are ordinarily valued as of the close of regular trading (normally 4:00 p.m., Eastern time) ("NYSE Close"). Information that becomes known to the Fund or its agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, the Fund may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. The Fund generally does not calculate its NAV on days on which the NYSE is not open for business. If the NYSE is closed on a day it would normally be open for business, the Fund may calculate its NAV as of the NYSE Close for such day or such other time that the Fund may determine.

For purposes of calculating NAV, portfolio securities and other assets for which market quotations are readily available are valued at market value. A market quotation is readily available only when that quotation is a quoted price (unadjusted) in active markets for identical investments that the Fund can access at the measurement date, provided that a quotation will not be readily available if it is not reliable. Market value is generally determined on the basis of official closing prices or the last reported sales prices. The Fund will normally use pricing data for domestic equity securities received shortly after the NYSE Close and does not normally take into account trading, clearances or settlements that take place after the NYSE Close. A foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by Pacific Investment Management Company LLC ("PIMCO") to be the primary exchange. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange, or the NYSE Close if the NYSE Close occurs before the end of trading on the foreign exchange.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the "Act"). As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board of Trustees has designated PIMCO as the valuation designee ("Valuation Designee") for the Fund to perform the fair value determination relating to all Fund investments. PIMCO may carry out its designated responsibilities as Valuation Designee through various teams and committees. The Valuation Designee's policies and procedures govern the Valuation Designee's selection and application of methodologies for determining and calculating the fair value of Fund portfolio investments. The Valuation Designee may value Fund portfolio securities for which market quotations are not readily available and other Fund assets utilizing inputs from pricing services, quotation reporting systems, valuation agents and other third-party sources (together, "Pricing Sources").

Domestic and foreign (non-U.S.) fixed income securities, non-exchange traded derivatives and equity options are normally valued on the basis of quotes obtained from brokers and dealers or Pricing Sources using data reflecting the earlier closing of the principal markets for those securities. Prices obtained from Pricing Sources may be based on, among other things, information provided by market makers or estimates of market values obtained from yield data relating to investments or securities with similar characteristics. Certain fixed income securities purchased on a delayed-delivery basis are marked to market daily until settlement at the forward settlement date. Common stocks, exchange-traded funds ("ETFs"), exchange-traded notes and financial derivative instruments, such as futures contracts, rights and warrants, or options on futures that are traded on a national securities exchange, are stated at the last reported sale or settlement price on the day of valuation. Exchange-traded options, except equity options, futures and options on futures, are valued at the settlement price determined by the relevant exchange. Swap agreements and swaptions are valued on the basis of bid quotes obtained from brokers and dealers or market-based prices supplied by Pricing Sources. With respect to any portion of the Fund's assets that are invested in one or more open-end management investment companies (other thanETFs), the Fund's NAV will be calculated based on the NAVs of such investments.

If a foreign (non-U.S.) equity security's value has materially changed after the close of the security's primary exchange or principal market but before the NYSE Close, the security may be valued at fair value. Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, the Fund may determine the fair value of investments based on information provided by Pricing Sources, which may recommend fair value or adjustments with reference to other securities, indexes or assets. In considering whether fair valuation is required and in determining fair values, the Valuation Designee may, among other things, consider significant events (which may be considered to include changes in the value of U.S. securities or securities indexes) that occur after the close of the relevant market and before the NYSE Close. The Fund may utilize modeling tools provided by third-party vendors to determine fair values of foreign (non-U.S.) securities. For these purposes, unless otherwise determined by the Valuation Designee, any movement in the applicable reference index or instrument ("zero trigger") between the earlier close of the applicable foreign market and the NYSE Close may be deemed to be a significant event, prompting the application of the pricing model (effectively resulting in daily fair valuations). Foreign exchanges may permit trading in foreign (non-U.S.) equity securities on days when the Fund is not open for business, which may result in the Fund's portfolio investments being affected when shareholders are unable to buy or sell shares.

Investments valued in currencies other than the U.S. dollar are converted to the U.S. dollar using exchange rates obtained from Pricing Sources. As a result, the value of such

------

Notes to Financial Statements(Cont.)

investments and, in turn, the NAV of the Fund's shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the Fund is not open for business. As a result, to the extent that the Fund holds foreign (non-U.S.) investments, the value of those investments may change at times when shareholders are unable to buy or sell shares and the value of such investments will be reflected in the Fund's next calculated NAV. An alternative exchange rate may be obtained from a Pricing Source or an exchange rate may otherwise be determined if believed to be more reflective of the rates at which the Fund may transact.

Fair valuation may require subjective determinations about the value of a security. While the Fund's and Valuation Designee's policies and procedures are intended to result in a calculation of the Fund's NAV that fairly reflects security values as of the time of pricing, the Fund cannot ensure that fair values accurately reflect the price that the Fund could obtain for a security if it were to dispose of that security as of the time of pricing (for instance, in a forced or distressed sale). The prices used by the Fund may differ from the value that would be realized if the securities were sold.

Under certain circumstances, the per share NAV of a class of the Fund's shares may be different from the per share NAV of another class of shares as a result of the different daily expense accruals applicable to each class of shares.

**(b) Fair Value Hierarchy** U.S. GAAP describes fair value 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. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into levels (Level 1, 2 or 3). The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

• Level 1 — Quoted prices (unadjusted) in active markets or exchanges for identical assets and liabilities.

• Level 2 — Significant other observable inputs, which may include, but are not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market corroborated inputs.

• Level 3 — Significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available, which may include assumptions made by the Valuation Designee that are used in determining the fair value of investments.

Assets or liabilities categorized as Level 2 or 3 as of period end have been transferred between Levels 2 and 3 since the prior period due to changes in the method utilized in valuing the investments. Transfers from Level 2 to Level 3 are a result of a change, in the normal course of business, from the use of methods used by Pricing Sources (Level 2) to the use of a Broker Quote or valuation technique which utilizes significant unobservable inputs due to an absence of current or reliable market-based data (Level 3). Transfers from Level 3 to Level 2 are a result of the availability of current and reliable market-based data provided by Pricing Sources or other valuation techniques which utilize significant observable inputs. In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Consolidated Schedule of Investments for the Fund.

For fair valuations using significant unobservable inputs, U.S. GAAP requires a reconciliation of the beginning to ending balances for reported fair values that presents changes attributable to realized gain (loss), unrealized appreciation (depreciation), purchases and sales, accrued discounts (premiums), and transfers into and out of the Level 3 category during the period. The end of period value is used for the transfers between fair value Levels of the Fund's assets and liabilities. Additionally, U.S. GAAP requires quantitative information regarding the significant unobservable inputs used in the determination of fair value of assets or liabilities categorized as Level 3 in the fair value hierarchy. In accordance with the requirements of U.S. GAAP, a fair value hierarchy and, if material, a Level 3 reconciliation and details of significant unobservable inputs, have been included in the Notes to Consolidated Schedule of Investments for the Fund.

**(c) Valuation Techniques and the Fair Value Hierarchy**

**Level 1, Level 2 and Level 3 trading assets and trading liabilities, at fair value** The valuation methods (or "techniques") and significant inputs used in determining the fair values of portfolio securities or other assets and liabilities categorized as Level 1, Level 2 and Level 3 of the fair value hierarchy are as follows:

Common stocks, ETFs, exchange-traded notes and financial derivative instruments, such as futures contracts, rights and warrants, or options on futures that are traded on a national securities exchange, are stated at the last reported sale or settlement price on the day of valuation. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized as Level 1 of the fair value hierarchy.

Investments in registered open-end investment companies (other than ETFs) will be valued based upon the NAVs of such investments and are categorized as Level 1 of the fair value hierarchy. Investments in unregistered open-end investment companies will be calculated based upon the NAVs of such investments and are considered Level 1 provided that the NAVs are observable, calculated daily and are the value at which both purchases and sales will be conducted.

Fixed income securities including corporate, convertible and municipal bonds and notes, U.S. government agencies, U.S. treasury obligations, sovereign issues, bank loans, convertible preferred securities, non-U.S. bonds and short-term debt instruments (such as commercial paper, time deposits and certificates of deposit) are normally valued on the basis of quotes obtained from brokers and dealers or Pricing Sources that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. The Pricing Sources' internal models use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Securities that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy.

Fixed income securities purchased on a delayed-delivery basis or as a repurchase commitment in a sale-buyback transaction are marked to market daily until settlement at the forward settlement date and are categorized as Level 2 of the fair value hierarchy.

------

Notes to Financial Statements(Cont.)

Mortgage-related and asset-backed securities are usually issued as separate tranches, or classes, of securities within each deal. These securities are also normally valued by Pricing Sources that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. The pricing models for these securities usually consider tranche-level attributes, current market data, estimated cash flows and market-based yield spreads for each tranche, and incorporate deal collateral performance, as available. Mortgage-related and asset-backed securities that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy.

Valuation adjustments may be applied to certain securities that are solely traded on a foreign exchange to account for the market movement between the close of the foreign market and the NYSE Close. These securities are valued using Pricing Sources that consider the correlation of the trading patterns of the foreign security to the intraday trading in the U.S. markets for investments. Securities using these valuation adjustments are categorized as Level 2 of the fair value hierarchy. Preferred securities and other equities traded on inactive markets or valued by reference to similar instruments are also categorized as Level 2 of the fair value hierarchy.

Valuation adjustments may be applied to certain exchange traded futures and options to account for market movement between the exchange settlement and the NYSE Close. These securities are valued using quotes obtained from a quotation reporting system, established market makers or Pricing Sources. Financial derivatives using these valuation adjustments are categorized as Level 2 of the fair value hierarchy.

Equity exchange-traded options and over the counter financial derivative instruments, such as forward foreign currency contracts and options contracts derive their value from underlying asset prices, indexes, reference rates and other inputs or a combination of these factors. These contracts are normally valued on the basis of quotes obtained from a quotation reporting system, established market makers or Pricing Sources (normally determined as of the NYSE Close). Depending on the product and the terms of the transaction, financial derivative instruments can be valued by Pricing Sources using a series of techniques, including simulation pricing models. The pricing models use inputs that are observed from actively quoted markets such as quoted prices, issuer details, indexes, bid/ask spreads, interest rates, implied volatilities, yield curves, dividends and exchange rates. Financial derivative instruments that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy.

Centrally cleared swaps and over the counter swaps derive their value from underlying asset prices, indexes, reference rates and other inputs or a combination of these factors. They are valued using a broker-dealer bid quotation or on market-based prices provided by Pricing Sources (normally determined as of the NYSE Close). Centrally cleared swaps and over the counter swaps can be valued by Pricing Sources using a series of techniques, including simulation pricing models. The pricing models may use inputs that are observed from actively quoted markets such as the overnight index swap rate, interest rates, yield curves and credit spreads. These securities are categorized as Level 2 of the fair value hierarchy.

Proxy pricing procedures set the base price of a fixed income security and subsequently adjust the price proportionally to market value changes of a pre-determined security deemed to be comparable in duration, generally a U.S. Treasury or sovereign note based on country of issuance. The base price may be a broker-dealer quote, transaction price or an internal value as derived by analysis of market data. The base price of the security may be reset on a periodic basis based on the availability of market data and procedures approved by the Valuation Oversight Committee. Significant changes in the unobservable inputs of the proxy pricing process (the base price) would result in direct and proportional changes in the fair value of the security. These securities are categorized as Level 3 of the fair value hierarchy.

If third-party evaluated vendor pricing is not available or not deemed to be indicative of fair value, the Manager may elect to obtain Broker Quotes directly from the broker-dealer or passed through from a third-party vendor. In the event that fair value is based upon a single sourced Broker Quote, these securities are categorized as Level 3 of the fair value hierarchy. Broker Quotes are typically received from established market participants. Although independently received, the Manager does not have the transparency to view the underlying inputs which support the market quotation. Significant changes in the Broker Quote would have direct and proportional changes in the fair value of the security.

Reference instrument valuation estimates fair value by utilizing the correlation of the security to one or more broad-based securities, market indexes, and/or other financial instruments, whose pricing information is readily available. Unobservable inputs may include those used in algorithms based on percentage change in the reference instruments and/or weights of each reference instrument. Significant changes in the unobservable inputs would result in direct and proportional changes in the fair value of the security. These securities are categorized as Level 2 or Level 3 of the fair value hierarchy depending on the source or input of the reference instrument.

Expected recovery valuation estimates that the fair value of an existing asset can be recovered, net of any liability. Significant changes in the unobservable inputs would result in direct and proportional changes in the fair value of the security. These securities are categorized as Level 3 of the fair value hierarchy.

The Discounted Cash Flow model is based on future cash flows generated by the investment and may be normalized based on expected investment performance. Future cash flows are discounted to present value using an appropriate rate of return, typically calibrated to the initial transaction date and adjusted based on Capital Asset Pricing Model and/or other market-based inputs. Significant changes in the unobservable inputs would result in direct and proportional changes in the fair value of the security. These securities are categorized as Level 3 of the fair value hierarchy.

The Comparable Companies model is based on application of valuation multiples from publicly traded comparable companies to the financials of the subject company. Adjustments may be made to the market-derived valuation multiples based on differences between the comparable companies and the subject company. Significant changes in the unobservable inputs would result in direct and proportional changes in the fair value of the security. These securities are categorized as Level 3 of the fair value hierarchy.

The Sum-of-the-Parts model is typically used when an investment or subject company has two or more separate and distinct assets that would each require its own valuation methodology, typically an income or market approach. Significant changes in the unobservable inputs would result in direct and proportional changes in the fair value of the security. These securities are categorized as Level 3 of the fair value hierarchy.

Securities may be valued based on purchase prices of privately negotiated transactions. Significant changes in the unobservable inputs would result in direct and proportional changes in the fair value of the security. These securities are categorized as Level 3 of the fair value hierarchy.

Short-term debt instruments (such as commercial paper, time deposits and certificates of deposit) having a remaining maturity of 60 days or less may be valued at amortized cost, so long as the amortized cost value of such short-term debt instruments is approximately the same as the fair value of the instrument as determined without the use of amortized cost valuation. These securities are categorized as Level 2 or Level 3 of the fair value hierarchy depending on the source of the base price.

When a fair valuation method is applied by PIMCO that uses significant unobservable inputs, investments will be priced by a method that the Valuation Designee believes reflects fair value and are categorized as Level 3 of the fair value hierarchy.

------

Notes to Financial Statements(Cont.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**3. FEDERAL INCOME TAX MATTERS**

The Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code (the "Code") and distribute all of its taxable income and net realized gains, if applicable, to shareholders. Accordingly, no provision for Federal income taxes has been made.

The Fund may be subject to local withholding taxes, including those imposed on realized capital gains. Any applicable foreign capital gains tax is accrued daily based upon net unrealized gains, and may be payable following the sale of any applicable investments.

In accordance with U.S. GAAP, the Manager has reviewed the Fund's tax positions for all open tax years. As of March 31, 2026, the Fund has recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions it has taken or expects to take in future tax returns.

The Fund files U.S. federal, state and local tax returns as required. The Fund's tax returns are subject to examination by relevant tax authorities until expiration of the applicable statute of limitations, which is generally three years after the filing of the tax return but which can be extended to six years in certain circumstances. Tax returns for open years have incorporated no uncertain tax positions that require a provision for income taxes.

**4. INVESTMENTS IN AFFILIATES**

The Fund may invest in the PIMCO Short Asset Portfolio and the PIMCO Short-Term Floating NAV Portfolio III ("Central Funds") to the extent permitted by the Act, rules thereunder or exemptive relief therefrom. The Central Funds are registered investment companies created for use solely by the series of the Trust and other series of registered investment companies advised by the Adviser, in connection with their cash management activities. The main investments of the Central Funds are money market and short maturity fixed income instruments. The Central Funds may incur expenses related to their investment activities, but do not pay Investment Advisory Fees or Supervisory and Administrative Fees to the Adviser. The Central Funds are considered to be affiliated with the Fund.A copy of each affiliate fund's shareholder report is available at the U.S Securities and Exchange Commission ("SEC") website at www.sec.gov, on the Fund's website at www.pimco.com, or upon request, as applicable.The table below shows the Fund's transactions in and earnings from investments in the affiliated funds for the period endedMarch 31, 2026 (amounts in thousands<sup>†</sup>):

**Investment in PIMCO Short-Term Floating NAV Portfolio III**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Market Value<br>06/30/2025** | **Purchases at<br>Cost** | **Proceeds from<br>Sales** | **Net<br>Realized<br>Gain (Loss)** | **Change in<br>Unrealized<br>Appreciation<br>(Depreciation)** | **Market Value<br>03/31/2026** | **Dividend<br>Income**<sup>(1)</sup> | **Realized Net<br>Capital<br>Gain<br>Distributions**<sup>(1)</sup> |
| $379504 | $2336638 | $(2234500) | $1 | $78 | $481721 | $13437 | $0 |

---

<sup>†</sup> A zero balance may reflect actual amounts rounding to less than one thousand.

<sup>(1)</sup> The tax characterization of distributions is determined in accordance with Federal income tax regulations and may contain a return of capital. The actual tax characterization of distributions received is determined at the end of the fiscal year of the affiliated fund.

An affiliate includes any company in which a Fund owns 5% or more of the company's outstanding voting shares. The table below represents transactions in and earnings from these affiliated issuers for the period ended March 31, 2026 (amounts in thousands<sup>†</sup>, except number of shares).

**PIMCO Flexible Credit Income Fund**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **Security Name** | &nbsp;&nbsp; **Market Value at 06/30/2025** | &nbsp;&nbsp; **Purchases at cost** | &nbsp;&nbsp; **Proceeds from Sale** | &nbsp;&nbsp; **Net Realized Gain/(Loss)** | &nbsp;&nbsp; **Change in Unrealized Appreciation (Depreciation)** | &nbsp;&nbsp; **Market Value at 03/31/2026** | &nbsp;&nbsp; **Dividend Income** | &nbsp;&nbsp; **Shares Held at 03/31/2026** |
| &nbsp;&nbsp; AMSURG EQUITY | $&nbsp;&nbsp; 115667 | $&nbsp;&nbsp; 0 | $&nbsp;&nbsp; 0 | $&nbsp;&nbsp; 0 | $&nbsp;&nbsp; (3002) | $&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112665 | $&nbsp;&nbsp; 0 | &nbsp;&nbsp; 2562021 |
| &nbsp;&nbsp; Incora New Equity | &nbsp;&nbsp; 42924 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 5194 | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48118 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 1270491 |
| &nbsp;&nbsp; Market Garden<br> Dogwood LLC | &nbsp;&nbsp; 44515 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; (21008) | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 3421 | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26928 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 24214364 |
| &nbsp;&nbsp; Windstream<br> Services LLC | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 9991 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 5372 | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15363 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 1637865 |

---

<sup>†</sup> A zero balance may reflect actual amounts rounding to less than one thousand.

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Glossary: (abbreviations that may be used in the preceding statements)** | **Glossary: (abbreviations that may be used in the preceding statements)** | **Glossary: (abbreviations that may be used in the preceding statements)** | **Glossary: (abbreviations that may be used in the preceding statements)** |  | (Unaudited) |
| **Counterparty Abbreviations:** | **Counterparty Abbreviations:** |  |  |  |  |
| **BMO** | BMO Capital Markets Corporation | **DUB** | Deutsche Bank AG | **MZF** | Mizuho Securities USA LLC |
| **BNY** | Bank of New York Mellon | **FAR** | Wells Fargo Bank National Association | **NGF** | Nomura Global Financial Products, Inc. |
| **BOA** | Bank of America N.A. | **GLM** | Goldman Sachs Bank USA | **NOM** | Nomura Securities International, Inc. |
| **BOS** | BofA Securities, Inc. | **GST** | Goldman Sachs International | **RCE** | Royal Bank of Canada Europe Limited |
| **BPS** | BNP Paribas S.A. | **IND** | Crédit Agricole Corporate and Investment Bank <br> S.A. | **RCY** | Royal Bank of Canada |
| **BRC** | Barclays Bank PLC | **JML** | JP Morgan Securities Plc | **RTA** | RBC (Barbados) Trading Bank Corp. |
| **BSH** | Banco Santander S.A. - New York Branch | **MBC** | HSBC Bank Plc | **RYL** | NatWest Markets Plc |
| **BYR** | The Bank of Nova Scotia - Toronto | **MEI** | Merrill Lynch International | **SBI** | Citigroup Global Markets Ltd. |
| **CBK** | Citibank N.A. | **MSB** | Morgan Stanley Bank, N.A | **SCX** | Standard Chartered Bank, London |
| **CDC** | Natixis Securities Americas LLC | **MSC** | Morgan Stanley & Co. LLC. | **SOG** | Societe Generale Paris |
| **DBL** | Deutsche Bank AG London | **MYC** | Morgan Stanley Bank, N.A. | **UBS** | UBS Securities LLC |
| **DEU** | Deutsche Bank Securities, Inc. | **MYI** | Morgan Stanley & Co. International PLC | **WFS** | Wells Fargo Securities, LLC |
| **Currency Abbreviations:** | **Currency Abbreviations:** |  |  |  |  |
| **AUD** | Australian Dollar | **EGP** | Egyptian Pound | **KWD** | Kuwaiti Dinar |
| **BRL** | Brazilian Real | **EUR** | Euro | **MXN** | Mexican Peso |
| **CAD** | Canadian Dollar | **GBP** | British Pound | **NGN** | Nigerian Naira |
| **CHF** | Swiss Franc | **HKD** | Hong Kong Dollar | **PLN** | Polish Zloty |
| **CNH** | Chinese Renminbi (Offshore) | **IDR** | Indonesian Rupiah | **TRY** | Turkish New Lira |
| **CNY** | Chinese Renminbi (Mainland) | **INR** | Indian Rupee | **USD (or $)** | United States Dollar |
| **COP** | Colombian Peso | **JPY** | Japanese Yen | **ZAR** | South African Rand |
| **DOP** | Dominican Peso |  |  |  |  |
| **Index/Spread Abbreviations:** | **Index/Spread Abbreviations:** |  |  |  |  |
| **BISTREFI** | Turkish Lira Overnight Reference Rate | **EUR012M** | 12 Month EUR Swap Rate | **MSMMUSTF** | MSILF Money Market US Treasury Fund <br> Index |
| **BNMMDTSC** | Dreyfus Treasury Securites Cash Management Fund Yield | **FHMMUSTF** | Federated Hermes US Treasury Cash Reserves <br> Fund Yield | **SOFR** | Secured Overnight Financing Rate |
| **BRMMUSDF** | BlackRock Money Market US Treasury Fund Index | **GSMMUSTF** | Goldman Sachs Money Market US Treasury Fund <br> Index | **SONIO** | Sterling Overnight Interbank Average Rate |
| **CDOR06** | 3 month CDN Swap Rate | **GSMMUSTI** | Goldman Sachs Money Market US Treasury <br> Instrument Index | **TSFR1M** | Term SOFR 1-Month |
| **EUR001M** | 1 Month EUR Swap Rate | **HSMMUSTF** | HSBC UST Money Market Yield | **TSFR3M** | Term SOFR 3-Month |
| **EUR003M** | 3 Month EUR Swap Rate | **JMMMUSTF** | JP Morgan Money Market US Treasury Fund Index | **TSFR6M** | Term SOFR 6-Month |
| **EUR006M** | 6 Month EUR Swap Rate | **JY0003M** | 3 Month JPY-LIBOR |  |  |
| **Other Abbreviations:** | **Other Abbreviations:** |  |  |  |  |
| **ABS** | Asset-Backed Security | **CMBS** | Collateralized Mortgage-Backed Security | **PIK** | Payment-in-Kind |
| **ALT** | Alternate Loan Trust | **DAC** | Designated Activity Company | **REMIC** | Real Estate Mortgage Investment Conduit |
| **BRL-CDI** | Brazil Interbank Deposit Rate | **EBITDA** | Earnings before Interest, Taxes, Depreciation and Amoritization | **TBA** | To-Be-Determined |
| **CBO** | Collateralized Bond Obligation | **EURIBOR** | Euro Interbank Offered Rate | **TBD** | To-Be-Determined |
| **CDO** | Collateralized Debt Obligation | **OIS** | Overnight Index Swap | **TBD%** | Interest rate to be determined when loan <br> settles or at the time of funding |
| **CLO** | Collateralized Loan Obligation |  |  |  |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PIMCO Flexible Credit Income Fund

- **b. Investment Company Act file number:** 811-23211

- **c. CIK number of Registrant:** 0001688554

- **d. LEI of Registrant:** 549300R4RJB5MTHXES88

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

  - **Street Address 1:** 1633 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10019

  - **Telephone number:** (844) 312-2113

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

- **a. Name of Series:** N/A

- **c. LEI of Series:** N/A

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2026-03-31

**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:** $6710530627.45

**Total Liabilities:** $2470925347.24

**Net Assets:** $4239605280.21

**Delayed Delivery Securities:** $59925509.30

**Cash Not Reported:** $104723183.78

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -7987.202500 | **1-Year:** 30139.398800 | **5-Year:** 65888.770300 | **10-Year:** -4829.997300 | **30-Year:** -30021.881600

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

- **3-Month:** 464195.056600 | **1-Year:** 292174.255900 | **5-Year:** 491996.755100 | **10-Year:** 309288.751300 | **30-Year:** 20507.105800

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.53%                | -0.26%               | -1.64%               |
| Class ID N/A | 0.53%                | -0.26%               | -1.64%               |
| Class ID N/A | 0.50%                | -0.28%               | -1.66%               |
| Class ID N/A | 0.50%                | -0.28%               | -1.66%               |
| Class ID N/A | 0.57%                | -0.22%               | -1.60%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-66819.97               | $9427479.06                                |
| Month 2  | $-5382429.66             | $-48136435.08                              |
| Month 3  | $3987626.73              | $-102496788.95                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JP MORGAN MORTGAGE ACQI CORP 2006-CW1                                        | JP MORGAN MORTGAGE ACQUISITION JPMAC 2006 CW1 M3              | CUSIP: 46628MAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4637839 | PA      | $4746378.12    | 0.11%             | 2036-05-25      | Floating      | 4.24%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD JPY BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |            1 | NC      | $-24720.22     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ACE SECURITIES CORP 2005-HE5                                                 | ACE SECURITIES CORP. ACE 2005 HE5 M5                          | CUSIP: 004421RJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3606219 | PA      | $3135527.38    | 0.07%             | 2035-08-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -4639827 | PA      | $-4664212.21   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2018-BOP                                      | MORGAN STANLEY CAPITAL I TRUST MSC 2018 BOP A 144A            | CUSIP: 61768FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6330701 | PA      | $5208757.96    | 0.12%             | 2033-08-15      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | N/A       |     -9794200 | PA      | $-11358036.57  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| ASSET BACKED SEC CORP HOME EQ 2005-HE8                                       | ASSET BACKED SECURITIES CORP H ABSHE 2005 HE8 M4              | CUSIP: 04541GUR1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       700000 | PA      | $682174.85     | 0.02%             | 2035-11-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| STRATTON MORTGAGE FUNDING 2024-1 PLC 24-1A                                   | STRATTON MORTGAGE FUNDING PLC STRA 2024 1A X1 144A            | CUSIP: ACI2S8TW2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |       624000 | PA      | $910190.86     | 0.02%             | 2060-06-20      | Floating      | 7.73%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE LUX 3 / ALTICE HOLDINGS 1                                      | ALTICE FRAN LUX 3/HOLD 1 SR UNSECURED 144A 01/33 10           | CUSIP: 020956AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     15674336 | PA      | $14263456.10   | 0.34%             | 2033-01-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2005-12                                        | COUNTRYWIDE ASSET BACKED CERTI CWL 2005 12 M5                 | CUSIP: 126670EP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2390000 | PA      | $2145747.02    | 0.05%             | 2036-02-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2022-3                                                     | FANNIE MAE FNR 2022 3 YS                                      | CUSIP: 3136BLFH8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    168340915 | PA      | $521637.99     | 0.01%             | 2052-02-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | NISSAN MOTOR CO LTD SNR JP SP BRC                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | JP        |            1 | NC      | $-279679.46    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                               | TITULOS DE TESORERIA BONDS 07/46 11.5                         | CUSIP: ACI2Q1VT3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    217000000 | PA      | $52350.18      | 0.00%             | 2046-07-25      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -5569450 | PA      | $-5609550.35   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | HSBC REVERSE REPO GBP ZCP                                     | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |     -1564500 | PA      | $-2073656.89   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO PARIBAS                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -3333014 | PA      | $-3340642.90   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                               | TITULOS DE TESORERIA BONDS 05/42 9.25                         | CUSIP: ACI22YPY3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    436000000 | PA      | $89085.87      | 0.00%             | 2042-05-28      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| GUARDIAN BIDCO INC                                                           | GUARDIAN DELAYED DRAW TERM LOAN A                             | CUSIP: BA000P6T2<br>LEI: 254900FNRUS0FT2AXJ89 | Long             | LON              | CORP              | US        |      1300000 | PA      | $1300000.00    | 0.03%             | 2032-08-29      | Fixed         | 1.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | PARIBAS REVERSE REPO EUR ZCP                                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |     -3745695 | PA      | $-4337252.34   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| WINSTON RE LTD                                                               | WINSTON RE LTD UNSECURED 144A 02/31 VAR                       | CUSIP: 975660AA9<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |       450000 | PA      | $467865.00     | 0.01%             | 2031-02-26      | Floating      | 13.73%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | CITIGROUP REVERSE REPO                                        | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -565452 | PA      | $-565803.08    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -4497248 | PA      | $-4513175.55   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| ARIMA MORTGAGES PLC 2A                                                       | ARIMA MORTGAGES PLC ARIMA 2A Z 144A                           | CUSIP: ACI2VMGV3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |     43339000 | PA      | $52223530.85   | 1.23%             | 2056-07-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD BRL BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |            1 | NC      | $-12800.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -396270 | PA      | $-398161.64    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | ZCS BRL 11.22 03/25/22-01/04/27 CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | BR        |            1 | NC      | $-46913.28     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CORONADO CDO LTD 1A                                                          | CORONADO CDO LTD CORON 1A B2 144A                             | CUSIP: 21976RAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       224109 | PA      | $73784.03      | 0.00%             | 2038-09-04      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD KWD BOUGHT USD 20300509                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $119465.65     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE CAP CERT 2007-C2                                      | CREDIT SUISSE MORTGAGE TRUST CSMC 2007 C2 D 144A              | CUSIP: 22545YAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2870000 | PA      | $632804.87     | 0.01%             | 2049-01-15      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| MASTR ASSET BACKED SECURITIES 2005-HE1                                       | MASTR ASSET BACKED SECURITIES MABS 2005 HE1 M6                | CUSIP: 57643LJK3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       400000 | PA      | $401804.96     | 0.01%             | 2035-05-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2021-1440               | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2021 1440 E 144A         | CUSIP: 46653DAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5000000 | PA      | $2388984.50    | 0.06%             | 2036-03-15      | Floating      | 7.64%                 | No            |                  2 | On Loan: No      |
| SAXON ASSET SECURITIES TRUST 2007-3                                          | SAXON ASSET SECURITIES TRUST SAST 2007 3 2M1                  | CUSIP: 80557BAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10946000 | PA      | $8922145.90    | 0.21%             | 2047-09-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $-8130.63      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STRATEGIC GAMING MANAGEMENT LLC                                              | STRATEGIC GAMING COMMITMENT TERM LOAN                         | CUSIP: BA000QXN3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     11300000 | PA      | $11526416.97   | 0.27%             | 2030-10-15      | Fixed         | 10.67%                | No            |                  3 | On Loan: No      |
| DATABRICKS INC                                                               | DATABRICKS INC 2025 DELAYED DRAW TERM LOAN                    | CUSIP: 23803RAF8<br>LEI: 984500FEDAC7FBD96273 | Long             | LON              | CORP              | US        |      1649127 | PA      | $1640881.01    | 0.04%             | 2032-01-05      | Floating      | 1.00%                 | No            |                  2 | On Loan: No      |
| ACE SECURITIES CORP 2004-OP1                                                 | ACE SECURITIES CORP. ACE 2004 OP1 M6                          | CUSIP: 004421FB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        32758 | PA      | $27699.99      | 0.00%             | 2034-04-25      | Floating      | 9.04%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFRF USD SF+26.161/1.1* 9/20/23-27Y CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $12402832.94   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| CERBA HEALTHCARE (CHROME BIDCO)                                              | CERBA HEALTHCARE S A S 2022 EUR TERM LOAN D                   | CUSIP: 953BAHII7<br>LEI: 9845000C1FYE89DC8677 | Long             | LON              | CORP              | FR        |      3200000 | PA      | $2738921.18    | 0.06%             | 2029-02-16      | Floating      | 7.59%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | ZCS BRL 12.015 03/17/22-01/04/27 CME                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | BR        |            1 | NC      | $-2226761.83   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| IPL SCHOELLER (TOUCAN FINCO LTD/TOUCAN FINCO CAN INC/TOUCAN FINCO US LLC)    | TOUCAN FINCO LTD/CAN/US SR SECURED 144A 05/30 9.5             | CUSIP: 89157UAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |      6850000 | PA      | $6057620.77    | 0.14%             | 2030-05-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| XBP GLOBAL HOLDINGS INC                                                      | XBP GLOBAL HOLDINGS INC COMMON STOCK USD.0001                 | CUSIP: 98400V200<br>LEI: 984500BE0P94C4CD8C71 | Long             | EC               | CORP              | US        |           77 | NS      | $338.80        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2020-PTB                                    | SMB PRIVATE EDUCATION LOAN TRU SMB 2020 PTB R 144A            | CUSIP: 78449DAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      7633515 | PA      | $8564742.69    | 0.20%             | 2054-09-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MILITARY HOUSING BONDS RESEC TRUST 2015-R1                       | FREDDIE MAC MILITARY HOUSING B FMMHR 2015 R1 XA1 144A         | CUSIP: 35563CAB4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     59974461 | PA      | $3580691.21    | 0.08%             | 2055-11-25      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| BELLE HAVEN ABS CDO LTD 2006-1A                                              | BELLE HAVEN ABS CDO LTD BLHV 2006 1A A1 144A                  | CUSIP: 078452AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     96560572 | PA      | $210984.85     | 0.00%             | 2046-07-05      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REV REPO STANDARD CHARTERED BA ZCP                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |     -5088330 | PA      | $-5893719.78   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260505                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $-110.38       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LOAN TR 2006-OA8                                     | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 OA8 2A3             | CUSIP: 02147CAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       383456 | PA      | $429122.50     | 0.01%             | 2046-07-25      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| HOUGHTON MIFFLIN HARCOURT COMPANY                                            | HOUGHTON MIFFLIN HARCOURT COMP TERM LOAN B                    | CUSIP: 44157YAE4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      5596137 | PA      | $4760550.14    | 0.11%             | 2029-04-09      | Floating      | 9.02%                 | No            |                  2 | On Loan: No      |
| ARGENTINA GOVT                                                               | PETERSEN CLAIM UNITS                                          | CUSIP: 958CFGII7<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | CORP              | US        |       284624 | PA      | $1280808.00    | 0.03%             | 2099-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| N/A                                                                          | ARGENTINA LA SP BRC                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |            1 | NC      | $105805.55     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NSCALE SERVICES UK LIMITED                                                   | NSCALE DELAYED DRAW TERM LOAN                                 | CUSIP: BA000WQD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     10900000 | PA      | $10900000.00   | 0.26%             | 2032-08-11      | Floating      | 0.36%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -359906 | PA      | $-361002.66    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GUARDIAN BIDCO INC                                                           | GUARDIAN 1ST LIEN DELAYED DRAW TL                             | CUSIP: BA000P6S4<br>LEI: 254900FNRUS0FT2AXJ89 | Long             | LON              | CORP              | US        |     10600000 | PA      | $10504456.69   | 0.25%             | 2032-08-29      | Fixed         | 9.17%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | SOLD EUR BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $7826.85       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AEGIS ASSET BACKED SECURITIES TRUST 2005-2                                   | AEGIS ASSET BACKED SECURITIES AABST 2005 2 M5                 | CUSIP: 00764MFF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       800000 | PA      | $254409.52     | 0.01%             | 2035-06-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -4502887 | PA      | $-4512559.22   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1003552 | PA      | $-1005107.50   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT KWD SOLD USD 20260518                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-756.73       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |     -4230468 | PA      | $-4898023.32   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| RESIDENTIAL ASSET MORTGAGE PROD 2006-NC3                                     | RESIDENTIAL ASSET MORTGAGE PRO RAMP 2006 NC3 M2               | CUSIP: 76112B4Q0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14616315 | PA      | $11941975.17   | 0.28%             | 2036-03-25      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                                           | CLEAR CHANNEL OUTDOOR HOLDIN COMMON STOCK                     | CUSIP: 18453H106<br>LEI: 254900XBEE6V1ENYS150 | Long             | EC               | CORP              | US        |       725704 | NS      | $1719918.48    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA FUNDING HOME EQ LN TR 1999-3                                           | DELTA FUNDING HOME EQUITY LOAN DELHE 1999 3 M1                | CUSIP: 24763LFY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1001034 | PA      | $630892.63     | 0.01%             | 2030-01-15      | Variable      | 8.10%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260428                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $-14605.71     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ADJUSTABLE RATE MORTAGE TRUST 2005-8                                         | ADJUSTABLE RATE MORTGAGE TRUST ARMT 2005 8 7M1                | CUSIP: 007036QX7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1560460 | PA      | $1719685.98    | 0.04%             | 2035-11-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| HESTIA RE LTD                                                                | HESTIA RE LTD UNSECURED 144A 04/29 VAR                        | CUSIP: 42815KAA0<br>LEI: 549300QRKQ1ZKOXEMZ38 | Long             | DBT              | CORP              | BM        |       100570 | PA      | $56319.16      | 0.00%             | 2029-04-22      | Floating      | 3.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260403                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $11126.49      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT JPY SOLD USD 20260507                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |            1 | NC      | $62590.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS EUR 0.83000 12/09/42-10Y LCH                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |            1 | NC      | $6482939.65    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| ARGENT SECURITIES INC 2005-W5                                                | ARGENT SECURITIES INC. ARSI 2005 W5 M1                        | CUSIP: 040104QQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       332887 | PA      | $363645.92     | 0.01%             | 2036-01-25      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -2459953 | PA      | $-2475664.03   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2005-AR5                                                   | WAMU MORTGAGE PASS THROUGH CER WAMU 2005 AR5 B1               | CUSIP: 92922FM39<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       409647 | PA      | $352861.21     | 0.01%             | 2035-05-25      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2017-CHOP                        | CREDIT SUISSE MORTGAGE TRUST CSMC 2017 CHOP G 144A            | CUSIP: 12651QAS8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7503000 | PA      | $7366241.32    | 0.17%             | 2032-07-15      | Floating      | 9.04%                 | No            |                  2 | On Loan: No      |
| AMBAC ASSURANCE CORPORATION                                                  | AMBAC ASSURANCE CORP SUBORDINATED 144A 12/99 5.1              | CUSIP: 023138AA8<br>LEI: 549300RYYRVPPB8NC636 | Long             | DBT              | CORP              | US        |       238857 | PA      | $316485.67     | 0.01%             | 2099-12-31      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| MASTR ASSET BACKED SECUR TR 2005-OPT1                                        | MASTR ASSET BACKED SECURITIES MABS 2005 OPT1 M6               | CUSIP: 57643LHU3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       208123 | PA      | $170016.87     | 0.00%             | 2035-03-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI GROUP FINANCE 2019 INC / CSL CAPITAL LLC              | UNITI GROUP/CSL CAPITAL COMPANY GUAR 144A 02/29 6.5           | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11050000 | PA      | $10741744.12   | 0.25%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.50000 12/20/23-10Y LCH                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $-797112.51    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-5                                            | VERUS SECURITIZATION TRUST VERUS 2024 5 B2 144A               | CUSIP: 92540HAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $1010296.60    | 0.02%             | 2069-06-25      | Variable      | 7.80%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP INC                                                              | NEW UNITY COMMON STOCKK                                       | CUSIP: 958WDX907<br>LEI: 549300V3NU625PJUVA84 | Long             | EC               | CORP              | US        |      1637865 | NS      | $15363173.70   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| HOUT BAY 2006-1                                                              | HOUT BAY HOUT 2006 1A A2 144A                                 | CUSIP: 442451AB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      8111158 | PA      | $10293.06      | 0.00%             | 2041-07-05      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| KNOLLWOOD CDO LTD. 2004-1A                                                   | KNOLLWOOD CDO LTD KNOLL 2004 1A A1 144A                       | CUSIP: 499169AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      8050900 | PA      | $2701342.55    | 0.06%             | 2039-01-10      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| ROCKFORD TOWER CLO LTD 2020-1A                                               | ROCKFORD TOWER CLO LTD ROCKT 2020 1A SUB 144A                 | CUSIP: 77341HAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      8300000 | PA      | $4963772.17    | 0.12%             | 2036-01-20      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -12101414 | PA      | $-12321377.38  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/1.75000 12/21/22-30Y CME                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $16686675.14   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | PEMEX SNR LA SP BRC                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |            1 | NC      | $-1228486.82   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | VENTURE GLOBAL LNG INC SNR S* ICE                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |            1 | NC      | $2413936.50    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH COAST FUNDING 5A                                                       | SOUTH COAST FUNDING SCF 5A C1 144A                            | CUSIP: 84129VAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     40756241 | PA      | $4075.62       | 0.00%             | 2039-08-06      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| DENALI INTERMEDIATE HOLDINGS INC                                             | DUN + BRADSTREET CORPOR THE 2025 TERM LOAN                    | CUSIP: BA000K739<br>LEI: 2549003M8H6SW81O1D67 | Long             | LON              | CORP              | US        |      7744227 | PA      | $7591896.77    | 0.18%             | 2032-08-26      | Floating      | 9.18%                 | No            |                  3 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2019-RPL3                                | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2019 RPL3 B4 144A          | CUSIP: 64830NAK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     12875000 | PA      | $10323292.16   | 0.24%             | 2059-07-25      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| JPMCC-2019-BKWD                                                              | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2019 BKWD A 144A         | CUSIP: 46591JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       648100 | PA      | $629343.73     | 0.01%             | 2029-09-15      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD INR BOUGHT USD 20260407                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $89.74         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1197280 | PA      | $-1200275.20   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2015-A                                      | SMB PRIVATE EDUCATION LOAN TRU SMB 2015 A R 144A              | CUSIP: 78448P100<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        15401 | PA      | $3663772.95    | 0.09%             | 2048-10-15      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| MARLETTE FUNDING TRUST 2020-1A                                               | MARLETTE FUNDING TRUST MFT 2020 1A CERT 144A                  | CUSIP: 57109J108<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        11251 | PA      | $3682.06       | 0.00%             | 2030-03-15      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | REVERSE REPO THE BANK OF NOVA REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -6165101 | PA      | $-6169396.02   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/4.00000 09/17/24-4Y* CME                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $286401.92     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CORESTATE CAPITAL HOLDING SA                                                 | CORESTATE CAPITAL HOLD SR UNSECURED REGS 12/28 8              | CUSIP: ACI0Z2W07<br>LEI: 529900GNB86RB7HRX793 | Long             | DBT              | CORP              | LU        |       814897 | PA      | $489787.20     | 0.01%             | 2028-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260416                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $-13323.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PALISADES CDO LTD. 2004-1A                                                   | PALISADES CDO LTD PALIS 2004 1A B2 144A                       | CUSIP: 696399AE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1952237 | PA      | $461711.82     | 0.01%             | 2039-07-22      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| TRANSNET                                                                     | TRANSNET SOC LTD 2015 ZAR TERM LOAN                           | CUSIP: BA000FR04<br>LEI: 378900B07CD6F01EA796 | Long             | LON              | CORP              | ZA        |    119450117 | PA      | $6967046.53    | 0.16%             | 2028-03-02      | Floating      | 10.66%                | No            |                  3 | On Loan: No      |
| MORGAN STANLEY CAPITAL INC 2005-HE7                                          | MORGAN STANLEY CAPITAL INC MSAC 2005 HE7 M3                   | CUSIP: 61744CWN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5824514 | PA      | $5134419.02    | 0.12%             | 2035-11-25      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2022-ONL                               | WELLS FARGO COMMERCIAL MORTGAG WFCM 2022 ONL D 144A           | CUSIP: 95003WAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3700000 | PA      | $3219757.76    | 0.08%             | 2039-12-15      | Variable      | 4.93%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $-61578.90     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2005-4                                         | COUNTRYWIDE ASSET BACKED CERTI CWL 2005 4 MV7                 | CUSIP: 126673R53<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     12295863 | PA      | $10543660.57   | 0.25%             | 2035-10-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260424                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $-52.73        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | FINANCIAL KETTERING REPU USD ANZBANK FIN KETTERING REPU USD   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -43473389 | PA      | $-43845448.77  | -1.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | MERRILL LYNCH REVERSE REPO GBP ZCP                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |     -1710000 | PA      | $-2265310.19   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| NATURE COAST RE LTD                                                          | NATURE COAST RE LTD UNSECURED 144A 04/33 VAR                  | CUSIP: 63901CAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       300000 | PA      | $310560.00     | 0.01%             | 2033-04-10      | Floating      | 13.28%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260415                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-11572.23     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MASTR ASSET BACKED SEC TR 2005-WMC1                                          | MASTR ASSET BACKED SECURITIES MABS 2005 WMC1 M6               | CUSIP: 57643LHB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       479080 | PA      | $459506.22     | 0.01%             | 2035-03-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1825425 | PA      | $-1828796.63   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260407                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $-317.75       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260403                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $15454.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1841550 | PA      | $-1855099.47   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -32179658 | PA      | $-32423329.25  | -0.76%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260916                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |            1 | NC      | $-11710.53     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LENDINGPOINT PASS-THROUGH TRUST SERIES 2022-ST2                              | LENDINGPOINT PASS THROUGH TRUS LPPT 2022 ST2 CERT 144A        | CUSIP: 52607QAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2900000 | PA      | $273411.77     | 0.01%             | 2028-04-15      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| TURKEY GOVT                                                                  | TURKIYE GOVERNMENT BOND BONDS 08/26 VAR                       | CUSIP: ACI2P59J2<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |       900000 | PA      | $20255.85      | 0.00%             | 2026-08-19      | Floating      | 39.64%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD GBP BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |            1 | NC      | $25661.69      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ATLAS RE LIMITED                                                             | ATLAS RE LIMITED ATLAS RE LTD SIDECAR                         | CUSIP: 956BLH000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |          273 | NS      | $27415812.39   | 0.65%             |  |  |  | No            |                  3 | On Loan: No      |
| LOCKE TAVERN RE LTD                                                          | LOCKE TAVERN RE LTD UNSECURED 144A 04/33 VAR                  | CUSIP: 539694AB5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       700000 | PA      | $700000.00     | 0.02%             | 2033-04-11      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| ENCORE CREDIT RECEIVABLES TRUST 2005-2                                       | ENCORE CREDIT RECEIVABLES TRUS ECR 2005 2 M5                  | CUSIP: 126673J52<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     13838993 | PA      | $12649114.74   | 0.30%             | 2035-11-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| PERATON CORP                                                                 | PERATON CORP TERM LOAN B                                      | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |     99765049 | PA      | $85382420.30   | 2.01%             | 2028-02-01      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2021-R01                                 | FANNIE MAE   CAS CAS 2021 R01 1B2 144A                        | CUSIP: 20754RAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     23685000 | PA      | $24179573.59   | 0.57%             | 2041-10-25      | Floating      | 9.66%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE TRUST 2014-11R                                        | CREDIT SUISSE MORTGAGE TRUST CSMC 2014 11R 6A2 144A           | CUSIP: 12649FBU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2026910 | PA      | $483160.18     | 0.01%             | 2036-12-27      | Floating      | 4.01%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -6837204 | PA      | $-6917237.77   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| GREAT HALL MORTGAGES PLC 2007-2X                                             | FIAC                                                          | CUSIP: 936NUVII0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      1000000 | PA      | $1.32          | 0.00%             | 2039-06-25      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -7652990 | PA      | $-7654026.91   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -6595762 | PA      | $-6644643.79   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1611420 | PA      | $-1612535.91   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -11499128 | PA      | $-11517798.31  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| RUSSIAN GOVT                                                                 | RUSSIAN FEDERATION SR UNSECURED REGS 04/42 5.625              | CUSIP: X74344DS2<br>LEI: 5493004EHVGF71PDBU58 | Long             | DBT              | NUSS              | RU        |      4600000 | PA      | $3220000.00    | 0.08%             | 2042-04-04      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ALLY BANK AUTO CREDIT-LINKED NOTES SERIES 2024-B                             | ALLY BANK AUTO CREDIT LINKED N ABCLN 2024 B G 144A            | CUSIP: 02007G4H3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       459211 | PA      | $468076.12     | 0.01%             | 2032-09-15      | Fixed         | 11.39%                | No            |                  2 | On Loan: No      |
| UNITI GROUP INC                                                              | UNITI GROUP INC COMMON STOCK USD.0001                         | CUSIP: 912932100<br>LEI: 549300V3NU625PJUVA84 | Long             | EC               | CORP              | US        |       243237 | NS      | $2281563.06    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2021-RPL1                                | GS MORTGAGE BACKED SECURITIES GSMBS 2021 RPL1 SA 144A         | CUSIP: 36261WAH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        80019 | PA      | $76452.23      | 0.00%             | 2060-12-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| HILTON USA TRUST 2016-SFP                                                    | HILTON USA TRUST HILT 2016 SFP E 144A                         | CUSIP: 43289VAQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3000000 | PA      | $7455.00       | 0.00%             | 2035-11-05      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| FINASTRA USA INC                                                             | FINASTRA USA INC 2025 2ND LIEN TERM LOAN                      | CUSIP: 31772YAB2<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |      7000000 | PA      | $6055000.00    | 0.14%             | 2033-09-15      | Floating      | 10.67%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -41397032 | PA      | $-41431202.23  | -0.98%            |  |  |  | No            |                  2 | On Loan: No      |
| VERAISON RE LTD                                                              | VERAISON RE LTD UNSECURED 144A 03/33 VAR                      | CUSIP: 92335TAE9<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |       450000 | PA      | $457830.00     | 0.01%             | 2033-03-08      | Floating      | 8.53%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260414                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $-13851.03     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| KRONOS FUNDING                                                               | KRONOS CLASS X PLACEHODER 144A 4537829K2                      | CUSIP: 990ADDMV6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10914000 | PA      | $11136248.25   | 0.26%             | 2026-04-15      | Floating      | 7.98%                 | No            |                  3 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TR 2005-WF1                                          | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2005 WF1 M2               | CUSIP: 17307GPH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4094738 | PA      | $3605799.45    | 0.09%             | 2034-11-25      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| COUNTRY GARDEN HOLDINGS COMPANY LIMITED                                      | COUNTRY GARDEN HOLDINGS CO COMMON STOCK HKD.1                 | CUSIP: B1VKYN902<br>LEI: 549300MGHLPT1EFHGF84 | Long             | EC               | CORP              | KY        |       217712 | NS      | $8911.39       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GLG EURO CLO 1A                                                              | MAN GLG EURO CLO GLGE 1A SUBR 144A                            | CUSIP: ACI11ZRZ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |      1431135 | PA      | $1654.17       | 0.00%             | 2030-10-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -4323570 | PA      | $-4358450.40   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT GBP SOLD USD 20260505                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |            1 | NC      | $-59.92        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VANTIVE HEALTH LLC                                                           | SPRUCE BIDCO II INC JPY TERM LOAN                             | CUSIP: BA000FPQ9<br>LEI: 254900D597QQOG22WQ55 | Long             | LON              | CORP              | US        |     99223462 | PA      | $620511.63     | 0.01%             | 2032-01-30      | Floating      | 5.75%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260424                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $-36.36        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NEW CENTURY HOME EQUITY LOAN TR 2005-1                                       | NEW CENTURY HOME EQUITY LOAN T NCHET 2005 1 M5                | CUSIP: 64352VKE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       221822 | PA      | $223472.50     | 0.01%             | 2035-03-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO NATEXIS BANQUE REVERSE REPO                      | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1510372 | PA      | $-1515620.54   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| EUROSAIL-UK 2007-4BL PLC 4X                                                  | EUROSAIL PLC ESAIL 2007 4X E1C REGS                           | CUSIP: G3299TAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      1525473 | PA      | $1506703.44    | 0.04%             | 2045-06-13      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO NOMURA                                           | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -464769 | PA      | $-466553.75    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| COHESITY INC                                                                 | CLOVER 2024 HOLDINGS INC VERITAS G PREFERRED                  | CUSIP: 955EHZ901<br>LEI: 254900JU2GC36CXYYG09 | Long             | EP               | CORP              | US        |        30944 | NS      | $585253.53     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ASSET BACKED FUNDING CERTS 2005-WF1                                          | ASSET BACKED FUNDING CERTIFICA ABFC 2005 WF1 M5               | CUSIP: 04542BMC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        45696 | PA      | $46072.74      | 0.00%             | 2034-07-25      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| CITY OF DETROIT                                                              | DETROIT MI DET 04/44 ADJUSTABLE VAR                           | CUSIP: 251093S84<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |      7159089 | PA      | $5519842.32    | 0.13%             | 2044-04-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| ASTON MARTIN CAPITAL HOLDINGS LIMITED                                        | ASTON MARTIN CAPITAL HOL SR SECURED REGS 03/29 10.375         | CUSIP: ACI2N9Q99<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |     15350000 | PA      | $15715896.92   | 0.37%             | 2029-03-31      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                           | TREASURY BILL 06/26 0.00000                                   | CUSIP: 912797TZ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      4771000 | PA      | $4738198.05    | 0.11%             | 2026-06-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2021-1440               | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2021 1440 F 144A         | CUSIP: 46653DAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       400000 | PA      | $103269.60     | 0.00%             | 2036-03-15      | Floating      | 8.64%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1661625 | PA      | $-1672480.95   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD EUR BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-32578.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260508                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-58437.61     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC / ION PLATFORM FINANCE SARL                      | ION PLAT FIN US/SARL SR SECURED 144A 08/29 9                  | CUSIP: 46206AAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11100000 | PA      | $10302660.36   | 0.24%             | 2029-08-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -13736258 | PA      | $-13801199.97  | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -2585904 | PA      | $-2590097.47   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -922381 | PA      | $-924824.81    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL COLLEGIATE II COMMUTATION TRUST 2005 AR16                           | NATIONAL COLLEGIATE II COMMUTA NCMCT 2005 AR16 AR16           | CUSIP: 63545AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     22875000 | PA      | $479473.73     | 0.01%             | 2045-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                               | TITULOS DE TESORERIA BONDS 08/29 11                           | CUSIP: ACI2WZRP4<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   9846300000 | PA      | $2482554.66    | 0.06%             | 2029-08-22      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| LONG BEACH MORTGAGE LOAN TR 2005-2                                           | LONG BEACH MORTGAGE LOAN TRUST LBMLT 2005 2 M6                | CUSIP: 542514KW3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1800000 | PA      | $1773804.42    | 0.04%             | 2035-04-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| INEOS US FINANCE LLC                                                         | INEOS US FINANCE LLC 2023 USD TERM LOAN B                     | CUSIP: G4768PAN1<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |     27081799 | PA      | $23747352.61   | 0.56%             | 2030-02-18      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -5976112 | PA      | $-5991472.02   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| BANC OF AMERICA FUNDING CORP 2007-R1                                         | BANC OF AMERICA FUNDING CORPOR BAFC 2007 R1 A2 144A           | CUSIP: 05953BAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1157236 | PA      | $940125.85     | 0.02%             | 2047-08-25      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $79386.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSI ASSET LOAN OBLIGATION 2007-1                                             | HSI ASSET LOAN OBLIGATION HALO 2007 1 2A12                    | CUSIP: 40431TAP6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6380760 | PA      | $2260088.18    | 0.05%             | 2037-06-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MLCC MORTGAGE INVESTORS INC 2004-C                                           | MLCC MORTGAGE INVESTORS INC MLCC 2004 C B1                    | CUSIP: 59020UDS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       167894 | PA      | $151407.74     | 0.00%             | 2029-07-25      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -6302114 | PA      | $-6302950.58   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT KWD SOLD USD 20260505                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-3151.29      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT PLN SOLD USD 20260415                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |            1 | NC      | $-1423.21      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GSAMP TRUST 2005-AHL2 2005-AHL2                                              | GSAMP TRUST GSAMP 2005 AHL2 M1                                | CUSIP: 362341C64<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6939043 | PA      | $5380331.98    | 0.13%             | 2035-12-25      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -12382572 | PA      | $-12394174.30  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 26-NQM2                                  | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2026 NQM2 AIOS 144A        | CUSIP: 64832MAN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    279396489 | PA      | $1488526.70    | 0.04%             | 2065-12-25      | Variable      | 0.25%                 | No            |                  2 | On Loan: No      |
| WHLN-2025-CV3-PF-FF3                                                         | WHLN 2025 CV3 PF FF3 WHLN 2025 CV3 PF FF3                     | CUSIP: 958AAUII5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     29705676 | PA      | $29660353.94   | 0.70%             | 2027-08-01      | Fixed         | 9.00%                 | Yes           |                  3 | On Loan: No      |
| TOPAZ SOLAR FARMS LLC                                                        | TOPAZ SOLAR FARMS LLC SR SECURED 144A 09/39 4.875             | CUSIP: 89054XAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1854759 | PA      | $1678556.90    | 0.04%             | 2039-09-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WHLN 2025-CV3-PF-FF2                                                         | WHLN 2025 CV3 PF FF2 WHLN50984                                | CUSIP: 956JXB003<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6628138 | PA      | $6625459.77    | 0.16%             | 2027-04-01      | Fixed         | 9.15%                 | Yes           |                  3 | On Loan: No      |
| N/A                                                                          | BOUGHT EUR SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-25947.49     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR GBP SONIO/2.00000 03/15/23-10Y LCH                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |            1 | NC      | $832824.71     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | WORLDLINE SNR SE ICE                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | FR        |            1 | NC      | $-13223363.53  | -0.31%            |  |  |  | No            |                  2 | On Loan: No      |
| EGYPTIAN GOVT                                                                | EGYPT GOVERNMENT BOND BONDS 10/30 19.698                      | CUSIP: ACI350557<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   3742200000 | PA      | $67409697.30   | 1.59%             | 2030-10-14      | Fixed         | 19.70%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD GBP BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |            1 | NC      | $13940.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -430990 | PA      | $-432460.75    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH MORTGAGE INVESTORS TRUST SERIES 2004-FM1                       | MERRILL LYNCH MORTGAGE INVESTO MLMI 2004 FM1 B2               | CUSIP: 59020UFZ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       271836 | PA      | $244634.49     | 0.01%             | 2035-01-25      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| CITRUS RE LTD                                                                | CITRUS RE LTD UNSECURED 144A 06/33 VAR                        | CUSIP: 177510AS3<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |       400000 | PA      | $400000.00     | 0.01%             | 2033-06-07      | Floating      | 8.93%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -6900937 | PA      | $-6906498.96   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| START IRELAND 2019-1                                                         | START LTD. STARR 2019 1 A 144A                                | CUSIP: 85573LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | BM        |      1150607 | PA      | $1151478.98    | 0.03%             | 2044-03-15      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | ZCS BRL 11.11525 05/31/24-01/04/27 CME                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | BR        |            1 | NC      | $2828988.82    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-HE4                        | BEAR STEARNS ASSET BACKED SECU BSABS 2005 HE4 M3              | CUSIP: 073879TV0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       300542 | PA      | $303576.85     | 0.01%             | 2035-04-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| SYNIVERSE CORPORATION                                                        | SYNIVERSE PFD PIK PFDJJZ917                                   | CUSIP: 936UVD902<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     47910272 | NS      | $40309834.63   | 0.95%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1963898 | PA      | $-1980085.38   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| LABRADOR AVIATION FINANCE LTD 2016-1A                                        | LABRADOR AVIATION FINANCE LIMI LAFL 2016 1A A1 144A           | CUSIP: 50543LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2423345 | PA      | $2486481.80    | 0.06%             | 2042-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD BRL BOUGHT USD 20260602                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |            1 | NC      | $-48408.86     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITI GROUP INC                                                              | NEW WINDSTREAM PREFERRED STOCK                                | CUSIP: 990AAJEB9<br>LEI: 549300V3NU625PJUVA84 | Long             | EP               | CORP              | US        |        10449 | NS      | $11119041.72   | 0.26%             |  |  |  | No            |                  3 | On Loan: No      |
| ROCKFORD TOWER CLO LTD 2020-1A                                               | FEE1009C2 ROCKT 2020 1A SUB FEE                               | CUSIP: 948ZWHII8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      8300000 | PA      | $46413.52      | 0.00%             | 2032-01-20      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| RUSSIAN GOVT                                                                 | RUSSIAN FEDERATION SR UNSECURED 144A 04/42 5.625              | CUSIP: 78307ADE0<br>LEI: 5493004EHVGF71PDBU58 | Long             | DBT              | NUSS              | RU        |      1600000 | PA      | $1120000.00    | 0.03%             | 2042-04-04      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | ZCS BRL 11.715 03/24/22-01/04/27 CME                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | BR        |            1 | NC      | $-38391.34     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BANC OF AMERICA FUNDING TRUST 2015-R4                                        | BANC OF AMERICA FUNDING CORPOR BAFC 2015 R4 5A2 144A          | CUSIP: 05990RAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     17453050 | PA      | $6545337.18    | 0.15%             | 2036-10-25      | Floating      | 1.47%                 | No            |                  2 | On Loan: No      |
| SOLSTICE ABS CBO LTD 2003-3A                                                 | SOLSTICE ABS CBO LTD SOLST 2003 3A B 144A                     | CUSIP: 83436YAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      8661987 | PA      | $2227958.24    | 0.05%             | 2039-03-15      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| WINSTON RE LTD                                                               | WINSTON RE LTD UNSECURED 144A 02/31 VAR                       | CUSIP: 975660AB7<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |      2800000 | PA      | $2922640.00    | 0.07%             | 2031-02-26      | Floating      | 15.21%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260424                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $-9.70         | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PTHW 2025-RTL1 PT                                                            | PTHW 2025 RTL1 PT                                             | CUSIP: 990ABZHM5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    118474918 | PA      | $118279589.17  | 2.79%             | 2045-11-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2020-LOOP               | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2020 LOOP E 144A         | CUSIP: 46651WAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5740000 | PA      | $1076676.48    | 0.03%             | 2038-12-05      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| AMERIQUEST MTGE SEC INC 2004-R8                                              | AMERIQUEST MORTGAGE SECURITIES AMSI 2004 R8 M2                | CUSIP: 03072SUA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       174890 | PA      | $174392.75     | 0.00%             | 2034-09-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST 2016-ISQ                          | BANC OF AMERICA MERRILL LYNCH BAMLL 2016 ISQ E 144A           | CUSIP: 05523GAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2716000 | PA      | $233419.83     | 0.01%             | 2034-08-14      | Variable      | 3.61%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260424                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $-50.03        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HARP FINCO LIMITED                                                           | HARP FINCO LIMITED GBP TERM LOAN                              | CUSIP: BA0008GH5<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |     10134514 | PA      | $13511083.76   | 0.32%             | 2032-03-27      | Floating      | 8.73%                 | No            |                  3 | On Loan: No      |
| CHASE MORTGAGE FINANCE CORP 2007-A1                                          | CHASE MORTGAGE FINANCE CORPORA CHASE 2007 A1 11M1             | CUSIP: 161630BD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        31505 | PA      | $29504.97      | 0.00%             | 2037-03-25      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD INR BOUGHT USD 20260407                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $32.76         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST  2021-B25                                           | BENCHMARK MORTGAGE TRUST BMARK 2021 B25 300D 144A             | CUSIP: 08163DBX4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5800000 | PA      | $3461344.30    | 0.08%             | 2054-04-15      | Variable      | 2.99%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA SA (PDVSA)                                            | PETROLEOS DE VENEZUELA S COMPANY GUAR REGS 11/26 6            | CUSIP: P7807HAR6<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     15382000 | PA      | $5292946.20    | 0.12%             | 2026-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ADJUSTABLE RATE MORTAGE TRUST 2005-11                                        | ADJUSTABLE RATE MORTGAGE TRUST ARMT 2005 11 5A1               | CUSIP: 007036UQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        27458 | PA      | $16139.62      | 0.00%             | 2036-02-25      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1560000 | PA      | $-1564462.47   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -831390 | PA      | $-833197.72    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2021-R1                                           | VERUS SECURITIZATION TRUST VERUS 2021 R1 B3 144A              | CUSIP: 92538BAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8976025 | PA      | $9097546.02    | 0.21%             | 2063-10-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| HARBORVIEW MORTGAGE LOAN TR 2005-1                                           | HARBORVIEW MORTGAGE LOAN TRUST HVMLT 2005 1 2A1B              | CUSIP: 41161PLE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1261372 | PA      | $1281510.14    | 0.03%             | 2035-03-19      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| ARIMA MORTGAGES PLC 2A                                                       | ARIMA MORTGAGES PLC ARIMA 2A YC 144A                          | CUSIP: ACI2VMBV8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | GB        |      9500000 | PA      | $8793265.59    | 0.21%             | 2056-07-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| QUERCUS RE DESIGNATED ACTIVITY COMPANY                                       | QUERCUS RE DAC BONDS 144A 01/31 VAR                           | CUSIP: ACI2Q34M4<br>LEI: 635400YNKWICCYBDBC76 | Long             | DBT              | CORP              | IE        |       450000 | PA      | $537713.08     | 0.01%             | 2031-01-06      | Floating      | 10.02%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260521                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-183872.29    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COREWEAVE COMPUTE ACQUISITION CO II LLC                                      | COREWEAVE COMPUTE ACQCO II LLC DDTL                           | CUSIP: 948GKAII8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      9062500 | PA      | $9328677.05    | 0.22%             | 2028-07-31      | Floating      | 13.30%                | No            |                  3 | On Loan: No      |
| N/A                                                                          | REVERSE REPO NATEXIS BANQUE REVERSE REPO                      | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -2101094 | PA      | $-2104727.14   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| GREAT HALL MORTGAGES PLC 2007-2X                                             | GREAT HALL MORTGAGES PLC 2007 GHM 2007 2X R                   | CUSIP: 936LMVII3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      1000000 | PA      | $10652190.69   | 0.25%             | 2039-06-25      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| CLARITEV CORPORATION                                                         | CLARITEV CORP SR SECURED 144A 03/31 6.75                      | CUSIP: 62548MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8259042 | PA      | $5368377.30    | 0.13%             | 2031-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC                                                  | ION PLATFORM FINANCE US SR SECURED 144A 09/32 7.875           | CUSIP: 46205QAB4<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |      1000000 | PA      | $775275.76     | 0.02%             | 2032-09-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ADJUSTABLE RT MTG LN 2004-18                                      | STRUCTURED ADJUSTABLE RATE MOR SARM 2004 18 M                 | CUSIP: 863579GC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1751117 | PA      | $1364359.53    | 0.03%             | 2034-12-25      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| CDK GLOBAL (CENTRAL PARENT LLC / CDK GLOBAL II LLC / CDK FINANCING CO INC)   | CNT PRNT/CDK GLO II/FIN SR SECURED 144A 06/29 8               | CUSIP: 154915AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15900000 | PA      | $11833623.34   | 0.28%             | 2029-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| OI SA (AKA: BRASIL TELECOM S/A)                                              | OI S.A. SR SECURED 144A 12/28 8.5                             | CUSIP: 67117EAG3<br>LEI: 254900YEMWCRRAGD4978 | Long             | DBT              | CORP              | BR        |    141257169 | PA      | $1500857.42    | 0.04%             | 2028-12-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NEW CENTURY HOME EQUITY LOAN TR 2005-1                                       | NEW CENTURY HOME EQUITY LOAN T NCHET 2005 1 M3                | CUSIP: 64352VKC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       148032 | PA      | $148108.49     | 0.00%             | 2035-03-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2020-R1                                             | ANGEL OAK MORTGAGE TRUST AOMT 2020 R1 XS 144A                 | CUSIP: 034651AJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     38457679 | PA      | $3365881.49    | 0.08%             | 2053-04-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT PLN SOLD USD 20260422                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |            1 | NC      | $-6640.15      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -2755804 | PA      | $-2762232.36   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC / ION PLATFORM FINANCE SARL                      | ION PLAT FIN US/SARL SR SECURED 144A 05/29 9.5                | CUSIP: 46206AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     22480000 | PA      | $21185794.93   | 0.50%             | 2029-05-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| KEYCORP STUDENT LOAN TRUST 2000-A                                            | KSLT 2000 A CERT SUB KSLT 2000 A CERT SUB                     | CUSIP: 934MAWII4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       100000 | PA      | $3913750.66    | 0.09%             | 2050-01-01      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| UNITED STATES GOVT                                                           | TREASURY BILL 04/26 0.00000                                   | CUSIP: 912797TJ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      1974000 | PA      | $1970026.77    | 0.05%             | 2026-04-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | MERRILL LYNCH REVERSE REPO GBP ZCP                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |     -1363400 | PA      | $-1809130.25   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| VENEZUELAN GOVT                                                              | REPUBLIC OF VENEZUELA SR UNSECURED REGS 05/28 9.25            | CUSIP: P17625AB3<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |      5100000 | PA      | $2346000.00    | 0.06%             | 2028-05-07      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| MANSARD MORTGAGES PLC 2006-1X                                                | MANSARD MORTGAGES PLC MANSD 2006 1X B2 REGS                   | CUSIP: B1GJ7MII5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      1912620 | PA      | $2415696.64    | 0.06%             | 2048-10-15      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2017-CHOP                        | CREDIT SUISSE MORTGAGE TRUST CSMC 2017 CHOP E 144A            | CUSIP: 12651QAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10000000 | PA      | $9947942.00    | 0.23%             | 2032-07-15      | Floating      | 6.99%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2006-A4                                             | JP MORGAN MORTGAGE TRUST JPMMT 2006 A4 2A2                    | CUSIP: 46628LAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         5705 | PA      | $3844.14       | 0.00%             | 2036-06-25      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | PARIBAS REVERSE REPO EUR ZCP                                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |     -6637622 | PA      | $-7690388.38   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOANS 2005-9                                                | COUNTRYWIDE HOME LOANS CWHL 2005 9 1A2                        | CUSIP: 12669GYZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2029158 | PA      | $1632206.09    | 0.04%             | 2035-05-25      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260417                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $9686.08       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST 2024-PT2                                      | PAGAYA AI DEBT SELECTION TRUST PAID 2024 PT2 E 144A           | CUSIP: 69546YAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       579613 | PA      | $565287.62     | 0.01%             | 2032-04-15      | Fixed         | 10.27%                | No            |                  3 | On Loan: No      |
| NIGERIA GOVT                                                                 | YI4360438 NIGERIA OMO BILL                                    | CUSIP: 990ACHTT6<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |  49011400000 | PA      | $30898344.11   | 0.73%             | 2027-01-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -2738870 | PA      | $-2745540.29   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2022-JS2                               | WELLS FARGO COMMERCIAL MORTGAG WFCM 2022 JS2 G 144A           | CUSIP: 95003GAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7935000 | PA      | $6437740.09    | 0.15%             | 2039-12-15      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2021-1440               | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2021 1440 A 144A         | CUSIP: 46653DAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5800000 | PA      | $5396376.84    | 0.13%             | 2036-03-15      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| GATEWAY RE LTD                                                               | GATEWAY RE LTD UNSECURED 144A 07/29 VAR                       | CUSIP: 36779CAV8<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |       300000 | PA      | $300000.00     | 0.01%             | 2029-07-06      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-C7                                  | CITIGROUP COMMERCIAL MORTGAGE CGCMT 2019 C7 805B 144A         | CUSIP: 17328CBM3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5650000 | PA      | $1681650.18    | 0.04%             | 2072-12-15      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| TREMONT RE LTD                                                               | TREMONT RE LTD UNSECURED 144A 03/33 VAR                       | CUSIP: 89479VAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       300000 | PA      | $300000.00     | 0.01%             | 2033-03-22      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-NQM2                     | MORGAN STANLEY RESIDENTIAL MOR MSRM 2025 NQM2 B3 144A         | CUSIP: 617941AJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1262000 | PA      | $1183658.20    | 0.03%             | 2070-01-25      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| IMPAC CMB TR 2005-7                                                          | IMPAC CMB TRUST IMM 2005 7 A2                                 | CUSIP: 45254NQY6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       793694 | PA      | $723896.93     | 0.02%             | 2035-11-25      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1039478 | PA      | $-1051848.15   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| COLONY MORTGAGE CAPITAL SERIES LTD 2019-IKPR                                 | COLONY MORTGAGE CAPITAL LTD CLNY 2019 IKPR E 144A             | CUSIP: 12564NAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8000000 | PA      | $7542250.40    | 0.18%             | 2038-11-15      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| COMETE HOLDING                                                               | COMEXPOSIUM 2019 EUR TERM LOAN B                              | CUSIP: 964NDFII9<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |     60260867 | PA      | $84976094.34   | 2.00%             | 2031-07-10      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| RESIDENTIAL ASSET SEC TRUST 2007-A1                                          | RESIDENTIAL ASSET SECURITIZATI RAST 2007 A1 A9                | CUSIP: 761136AJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1769047 | PA      | $513088.10     | 0.01%             | 2037-03-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BIOGROUP (CAB SELAS)                                                         | BIOGROUP LCD 2021 EUR TERM LOAN B                             | CUSIP: 937HMKII5<br>LEI: 9695008EGX5O9K1MS743 | Long             | LON              | CORP              | FR        |      2000000 | PA      | $2277337.01    | 0.05%             | 2028-02-09      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| SANDERS RE III LTD                                                           | SANDERS RE III LTD UNSECURED 144A 04/29 VAR                   | CUSIP: 80000XAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      6399000 | PA      | $4159350.00    | 0.10%             | 2029-04-09      | Floating      | 15.86%                | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST 2014-C                                         | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2014 C B2 144A            | CUSIP: 17323GAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     13555000 | PA      | $13014141.95   | 0.31%             | 2054-02-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ANCHORAGE CREDIT FUNDING 13 LTD                                              | ANCHORAGE CREDIT FUNDING LTD. ANCHF 2021 13A SUB 144A         | CUSIP: 03290BAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      8500000 | PA      | $4946221.40    | 0.12%             | 2039-07-27      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -448294 | PA      | $-449720.32    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| EGYPTIAN GOVT                                                                | EGYPT TREASURY BILL BILLS 10/26 0.00000                       | CUSIP: ACI3187G8<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     61300000 | PA      | $985667.58     | 0.02%             | 2026-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL INC 2004-NC7                                          | MORGAN STANLEY CAPITAL INC MSAC 2004 NC7 M4                   | CUSIP: 61744CFS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         9441 | PA      | $13918.63      | 0.00%             | 2034-07-25      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | ZCS BRL 11.87 03/22/22-01/04/27 CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | BR        |            1 | NC      | $-80155.09     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOMBARDIER CAPITAL MTG SEC-1999-B                                            | BOMBARDIER CAPITAL MORTGAGE SE BCM 1999 B A6                  | CUSIP: 09774XBG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4066206 | PA      | $228786.70     | 0.01%             | 2029-12-15      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -9910358 | PA      | $-9974444.55   | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| PROMOTORA DE INFORMACIONES SA (PRISA)                                        | PROMOTORA DE INFORMACIONES A COMMON STOCK EUR.1               | CUSIP: BXC8GV902<br>LEI: 959800U3NGPXSCQHQW54 | Long             | EC               | CORP              | ES        |      2330820 | NS      | $809409.04     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ANTHRACITE LTD 2004-HY1A                                                     | ANTHRACITE LTD SER 2004 HY1 CL D 144A                         | CUSIP: 03702YAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6135413 | PA      | $61.35         | 0.00%             | 2041-06-20      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| ENVALIOR FINANCE GMBH                                                        | ENVALIOR FINANCE GMBH EUR TERM LOAN B1                        | CUSIP: D255LZAB1<br>LEI: 254900GAG6U7Z5TROP43 | Long             | LON              | CORP              | DE        |      2500000 | PA      | $2598871.43    | 0.06%             | 2030-03-29      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| HILTON USA TRUST 2016-SFP                                                    | HILTON USA TRUST HILT 2016 SFP F 144A                         | CUSIP: 43289VAS2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1250000 | PA      | $606.25        | 0.00%             | 2035-11-05      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | PARIBAS REVERSE REPO EUR ZCP                                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |     -3970230 | PA      | $-4600575.71   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | ROYAL BANK OF CANADA NY BRANCH REVERSE REPO USD               | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -261932 | PA      | $-262509.85    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260424                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $3.85          | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -627617 | PA      | $-628376.22    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2007-13                                        | COUNTRYWIDE ASSET BACKED CERTI CWL 2007 13 1M1                | CUSIP: 126698AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9916000 | PA      | $8677771.22    | 0.20%             | 2047-10-25      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |     -8233414 | PA      | $-9545869.80   | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH MORTGAGE INVS 2006-FF1                                         | MERRILL LYNCH MORTGAGE INVESTO MLMI 2006 FF1 B3 144A          | CUSIP: 59023WAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2240425 | PA      | $3125021.08    | 0.07%             | 2036-08-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| VALE SA                                                                      | VALE SA SUBORDINATED 12/49 VAR                                | CUSIP: B011X9II2<br>LEI: 254900SMTWBX7RU2SR20 | Long             | DBT              | CORP              | BR        |    313730000 | PA      | $26543659.08   | 0.63%             | 2049-12-29      | Variable      | 1.96%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | NEW WINDSTREAM WARRANTS                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       319065 | NC      | $2989639.05    | 0.07%             |  |  |  | No            |                  3 | On Loan: No      |
| MFT TRUST 2020-ABC E                                                         | MFT TRUST MOFT 2020 ABC C 144A                                | CUSIP: 55317BAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4500000 | PA      | $3222315.45    | 0.08%             | 2042-02-10      | Variable      | 3.48%                 | No            |                  2 | On Loan: No      |
| GREENPOINT MTGE FUNDING TR 2005-AR4                                          | GREENPOINT MORTGAGE FUNDING TR GPMF 2005 AR4 2A1              | CUSIP: 39538WBU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15975716 | PA      | $10863905.62   | 0.26%             | 2045-10-25      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD GBP BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |            1 | NC      | $3399461.16    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.50000 03/18/26-5Y LCH                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $-6559256.72   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| PROJECT QUASAR HOLDCO SLU                                                    | PROJECT QUASAR PLEDGCO SLU 2022 EUR TERM LOAN A1              | CUSIP: 944ZSGII9<br>LEI: N/A                  | Long             | LON              | CORP              | ES        |      6728217 | PA      | $7726747.71    | 0.18%             | 2026-04-15      | Floating      | 5.19%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF MONTREAL REVERSE REPO.                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -3528964 | PA      | $-3544415.12   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST 2021-4A                                  | EXETER AUTOMOBILE RECEIVABLES EART 2021 4A R 144A             | CUSIP: 30165JAN6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        16642 | PA      | $661237.22     | 0.02%             | 2033-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DROP MORTGAGE TRUST 2021-FILE                                                | DROP MORTGAGE TRUST 2021 FILE DROP 2021 FILE D 144A           | CUSIP: 26210YAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5805878 | PA      | $5678874.42    | 0.13%             | 2043-10-15      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL GMBH                                                | CHEPLAPHARM ARZNEIMITTEL SR SECURED REGS 05/30 7.5            | CUSIP: ACI2FPJG4<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |      1000000 | PA      | $1167736.73    | 0.03%             | 2030-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST 2019-B14                                            | BENCHMARK MORTGAGE TRUST BMARK 2019 B14 225C 144A             | CUSIP: 08162YBK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1300000 | PA      | $37482.90      | 0.00%             | 2062-12-15      | Variable      | 3.07%                 | No            |                  2 | On Loan: No      |
| US RENAL CARE INC                                                            | U S RENAL CARE INC 2023 SUPERPRIORITY TERM LOAN               | CUSIP: 90290PAS3<br>LEI: 54930058SS5MF69JGN89 | Long             | LON              | CORP              | US        |     97639168 | PA      | $92218241.29   | 2.18%             | 2028-06-28      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| OPTEUM MORTGAGE ACCEPTANCE CORP 2005-2                                       | OPTEUM MORTGAGE ACCEPTANCE COR OPMAC 2005 2 M6                | CUSIP: 68383NBB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        81099 | PA      | $81060.54      | 0.00%             | 2035-04-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| HESTIA RE LTD                                                                | HESTIA RE LTD UNSECURED 144A 03/32 VAR                        | CUSIP: 42815KAC6<br>LEI: 549300QRKQ1ZKOXEMZ38 | Long             | DBT              | CORP              | BM        |       300000 | PA      | $304800.00     | 0.01%             | 2032-03-13      | Floating      | 10.27%                | No            |                  2 | On Loan: No      |
| INTEGRITY RE LTD                                                             | INTEGRITY RE LTD SR UNSECURED 144A 06/26 VAR                  | CUSIP: 45833UAM3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      1750000 | PA      | $1817375.00    | 0.04%             | 2026-06-08      | Floating      | 26.31%                | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET SEC CORP 2005-WF1                                           | STRUCTURED ASSET SECURITIES CO SASC 2005 WF1 M6               | CUSIP: 86359BW49<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       414276 | PA      | $415240.38     | 0.01%             | 2035-02-25      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| SIERRA MADRE FUNDING LTD 2004-1A                                             | SIERRA MADRE FUNDING LTD MADRE 2004 1A B 144A                 | CUSIP: 82639RAD9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     10400000 | PA      | $2598034.40    | 0.06%             | 2039-09-07      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS EUR 1.50000 03/15/23-30Y LCH                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |            1 | NC      | $864564.64     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS                                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |    -27012062 | PA      | $-35784590.78  | -0.84%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT GBP SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |            1 | NC      | $-766014.95    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1117610 | PA      | $-1124762.70   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT JPY SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |            1 | NC      | $-646631.52    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| CS FIRST BOSTON MTGE SEC CORP 2005-FIX1                                      | CREDIT SUISSE FIRST BOSTON MOR CSFB 2005 FIX1 M1              | CUSIP: 22541S5V6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       978439 | PA      | $615237.85     | 0.01%             | 2035-05-25      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| SIERRA MADRE FUNDING LTD 2004-1A                                             | SIERRA MADRE FUNDING LTD MADRE 2004 1A A1A 144A               | CUSIP: 82639RAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      8035210 | PA      | $4290440.69    | 0.10%             | 2039-09-07      | Floating      | 4.16%                 | No            |                  2 | On Loan: No      |
| STRATTON MORTGAGE FUNDING 2024-2 PLC  24-2A                                  | STRATTON MORTGAGE FUNDING 06/50 0                             | CUSIP: ACI2S8XL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |          240 | PA      | $0.00          | 0.00%             | 2050-06-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ACE SECURITIES CORP 2005-HE1                                                 | ACE SECURITIES CORP. ACE 2005 HE1 M6                          | CUSIP: 004421KZ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14432117 | PA      | $10741748.01   | 0.25%             | 2035-02-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -3893135 | PA      | $-3900174.81   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO PARIBAS                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -8274750 | PA      | $-8288909.02   | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| INTEGRITY RE III LTD                                                         | INTEGRITY RE III UNSECURED 144A 06/29 VAR                     | CUSIP: 45870GAH9<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |       250000 | PA      | $250000.00     | 0.01%             | 2029-06-07      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| POLESTAR RE LTD                                                              | POLESTAR RE LTD UNSECURED 144A 01/28 VAR                      | CUSIP: 73110JAC6<br>LEI: 254900VQQ6V3O4PG3408 | Long             | DBT              | CORP              | BM        |      1300000 | PA      | $1362660.00    | 0.03%             | 2028-01-07      | Floating      | 14.13%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD GBP BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |            1 | NC      | $7678.79       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFRF USD SF+26.161/2.50 12/20/17-10Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $-45690.34     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SEASONED LOANS STRUCTURED TRANSACTION TRUST SERIES 2021-1                    | FREDDIE MAC   SLST SLST 2021 1 SUB 144A                       | CUSIP: 35564CJM0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     51753008 | PA      | $47998094.08   | 1.13%             | 2061-04-25      | Variable      | 8.84%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2020-R1                                             | ANGEL OAK MORTGAGE TRUST AOMT 2020 R1 B3 144A                 | CUSIP: 034651AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5875000 | PA      | $4591244.35    | 0.11%             | 2053-04-25      | Variable      | 4.32%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260407                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $-322.05       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | CITIGROUP REVERSE REPO                                        | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1276828 | PA      | $-1277648.43   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| VIRIDIEN                                                                     | VIRIDIEN SR SECURED 144A 10/30 8.5                            | CUSIP: ACI2VMJW8<br>LEI: 969500FCVQ5SLAAUJV59 | Long             | DBT              | CORP              | FR        |      8409158 | PA      | $10230492.25   | 0.24%             | 2030-10-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| URSA RE LTD                                                                  | URSA RE LTD UNSECURED 144A 12/28 VAR                          | CUSIP: 90323WAN0<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |      4200000 | PA      | $4319070.00    | 0.10%             | 2028-12-07      | Floating      | 12.80%                | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERTS 2006-2                                        | COUNTRYWIDE ASSET BACKED CERTI CWL 2006 2 M3                  | CUSIP: 126670UY2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2329639 | PA      | $2267271.39    | 0.05%             | 2036-06-25      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -3155490 | PA      | $-3180350.82   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| SANDERS RE III LTD                                                           | SANDERS RE III LTD UNSECURED 144A 06/29 VAR                   | CUSIP: 799925AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     13000000 | PA      | $13149500.00   | 0.31%             | 2029-06-05      | Floating      | 11.26%                | No            |                  2 | On Loan: No      |
| CREDIT-BACKED ASSET SVC AND SEC 2006-RP2                                     | CREDIT BASED ASSET SERVICING A CBASS 2006 RP2 M1 144A         | CUSIP: 1248M3AE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       638088 | PA      | $757601.61     | 0.02%             | 2036-07-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR GBP SONIO/0.75000 09/21/22-10Y LCH                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |            1 | NC      | $2535499.26    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -2768620 | PA      | $-2785065.40   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY ABS CAPITAL I 2006-NC5                                        | MORGAN STANLEY CAPITAL INC MSAC 2006 NC5 A2FP                 | CUSIP: 61749BAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       191823 | PA      | $100112.76     | 0.00%             | 2036-10-25      | Floating      | 3.86%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT KWD SOLD USD 20260610                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-990.97       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE SA RL                                                   | ION PLATFORM FINANCE SAR SECURED REGS 05/29 7.875             | CUSIP: ACI30YBC6<br>LEI: 6488IU1F9M51Z3P60R77 | Long             | DBT              | CORP              | LU        |     10900000 | PA      | $11758118.04   | 0.28%             | 2029-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/4.20000 09/17/24-3Y LCH                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $2088305.68    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA RESECURITIZATION TRUST 2014-3R                                        | NOMURA RESECURITIZATION TRUST NMRR 2014 3R 2A8 144A           | CUSIP: 65540LAX1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       220559 | PA      | $195803.93     | 0.00%             | 2035-07-26      | Variable      | 3.69%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | PARIBAS REVERSE REPO GBP ZCP                                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |    -23996504 | PA      | $-31966022.77  | -0.75%            |  |  |  | No            |                  2 | On Loan: No      |
| TORREY PINES RE LTD                                                          | TORREY PINES RE LTD SR UNSECURED 144A 06/31 VAR               | CUSIP: 89141WAK8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       600000 | PA      | $605520.00     | 0.01%             | 2031-06-05      | Floating      | 12.92%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260506                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $-2946.49      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CONSECO FINANCE SECURITIZATION 2000-3                                        | CONSECO FINANCE SECURITIZATION CNF 2000 3 A 144A              | CUSIP: 20846QDJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15418914 | PA      | $2365634.51    | 0.06%             | 2030-12-01      | Variable      | 8.26%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2026-NQM1                                | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2026 NQM1 B3 144A          | CUSIP: 64832LAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3870000 | PA      | $3443680.41    | 0.08%             | 2065-11-25      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| ASSET BACKED FUNDING CERT 2005-HE2                                           | ASSET BACKED FUNDING CERTIFICA ABFC 2005 HE2 M4               | CUSIP: 04542BNM0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       862771 | PA      | $829376.72     | 0.02%             | 2035-06-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| FREMONT HOME LOAN TRUST 2005-B                                               | FREMONT HOME LOAN TRUST FHLT 2005 B M6                        | CUSIP: 35729PKA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1200000 | PA      | $1071781.92    | 0.03%             | 2035-04-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| BAMLL RE-REMIC TRUST 2016-RRLD11                                             | BANC OF AMERICA MERRILL LYNCH BAMLL 2016 LD11 AJB 144A        | CUSIP: 05491JAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3000000 | PA      | $535405.50     | 0.01%             | 2050-06-17      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD GBP BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |            1 | NC      | $4667.91       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -2106985 | PA      | $-2107030.70   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1462500 | PA      | $-1466104.66   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| ZIGGO (VZ SECURED FINANCING BV)                                              | VZ SECURED FINANCING BV SR SECURED 144A 01/33 7.5             | CUSIP: 91845AAB1<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |      7200000 | PA      | $6793192.08    | 0.16%             | 2033-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1107185 | PA      | $-1114285.75   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| ARGENTINA GOVT                                                               | REPUBLIC OF ARGENTINA BONDS 07/30 VAR                         | CUSIP: ACI1QL1T4<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |       698360 | PA      | $568864.70     | 0.01%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  3 | On Loan: No      |
| BCAP LLC TRUST 2009-RR4                                                      | BCAP LLC TRUST BCAP 2009 RR4 1A2 144A                         | CUSIP: 05531RAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1961501 | PA      | $449644.10     | 0.01%             | 2037-06-26      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| STRATTON MORTGAGE FUNDING 2024-2 PLC  24-2A                                  | STRATTON MORTGAGE FUNDING 06/50 0                             | CUSIP: ACI2S8Z13<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |          240 | PA      | $619262.52     | 0.01%             | 2050-06-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260428                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $-5402.54      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260421                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $-13352.14     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDEN BEAR RE LTD SERIES 2026-1                                             | GOLDEN BEAR RE LTD UNSECURED 144A 01/29 VAR                   | CUSIP: 38090EAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      2450000 | PA      | $2494467.50    | 0.06%             | 2029-01-08      | Floating      | 9.75%                 | No            |                  2 | On Loan: No      |
| FINASTRA USA INC                                                             | FINASTRA USA INC 2025 1ST LIEN TERM LOAN                      | CUSIP: 31772YAD8<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |     25975000 | PA      | $24454423.50   | 0.58%             | 2032-09-15      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $-17109.08     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -11164545 | PA      | $-11246868.85  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -3326024 | PA      | $-3358221.43   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| FREMONT HOME LOAN TRUST 2005-E                                               | FREMONT HOME LOAN TRUST FHLT 2005 E M1                        | CUSIP: 35729PND8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1300000 | PA      | $1119177.15    | 0.03%             | 2036-01-25      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -195023 | PA      | $-196320.25    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ARGENT SECURITIES INC 2004-W11                                               | ARGENT SECURITIES INC. ARSI 2004 W11 M5                       | CUSIP: 040104MK4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1887859 | PA      | $1799001.54    | 0.04%             | 2034-11-25      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260505                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $-6009.22      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PROFRAC HOLDINGS II LLC                                                      | PROFRAC HOLDINGS II LLC SR SECURED 144A 01/29 VAR             | CUSIP: 74319TAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11271000 | PA      | $11242822.50   | 0.27%             | 2029-01-23      | Floating      | 10.93%                | No            |                  2 | On Loan: No      |
| SVF II FINCO (CAYMAN) LP                                                     | SOFTBANK VISION FUND II TRANCHE B2 TERM LOAN                  | CUSIP: BA000KP70<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |      1491124 | PA      | $1516025.31    | 0.04%             | 2029-04-25      | Floating      | 7.35%                 | No            |                  3 | On Loan: No      |
| NEW CENTURY HOME EQUITY LOAN TR 2005-C                                       | NEW CENTURY HOME EQUITY LOAN T NCHET 2005 C M1                | CUSIP: 64352VNZ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       286537 | PA      | $278954.15     | 0.01%             | 2035-12-25      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BARCLAYS REV REPO EUR                                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |     -3865550 | PA      | $-4499459.62   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -7515000 | PA      | $-7537853.95   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | JPM CHASE REVERSE REPO GBP ZCP                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |     -1140544 | PA      | $-1514712.20   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2026-NQM1                                | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2026 NQM1 AIOS 144A        | CUSIP: 64832LAN3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    278415692 | PA      | $1140515.96    | 0.03%             | 2065-11-25      | Variable      | 0.25%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FINANCE AUTHORITY                                         | TOBACCO SETTLEMENT FIN AUTH WV TOBGEN 06/47 ZEROCPNOID 0      | CUSIP: 88880LAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      1200000 | PA      | $111497.04     | 0.00%             | 2047-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WORLDWIDE PLAZA TRUST 2017-WWP                                               | WORLDWIDE PLAZA TRUST WPT 2017 WWP B 144A                     | CUSIP: 98162JAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $338299.50     | 0.01%             | 2036-11-10      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| LONGLEAF PINE RE LTD                                                         | LONGLEAF PINE RE LTD UNSECURED 144A 05/31 VAR                 | CUSIP: 54307MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       570000 | PA      | $603430.50     | 0.01%             | 2031-05-27      | Floating      | 21.46%                | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                                 | UKRAINE GOVERNMENT SR UNSECURED 144A 02/34 VAR                | CUSIP: 903724CE0<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |       920505 | PA      | $396737.66     | 0.01%             | 2034-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| VANTIVE HEALTH (SPRUCE BIDCO II INC)                                         | SPRUCE BIDCO II INC REVOLVER                                  | CUSIP: BA000FL00<br>LEI: 254900ZDXA1N7X9RDU49 | Long             | LON              | CORP              | US        |      1160917 | PA      | $1158827.83    | 0.03%             | 2032-01-30      | Fixed         | 2.25%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | REVERSE REPOS                                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |     -6761844 | PA      | $-9051562.40   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| WINDROSE RE LTD                                                              | WINDROSE RE LTD UNSECURED 144A 02/33 VAR                      | CUSIP: 972917AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       400000 | PA      | $398840.00     | 0.01%             | 2033-02-11      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260521                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-59662.75     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WORLDWIDE PLAZA TRUST 2017-WWP                                               | WORLDWIDE PLAZA TRUST WPT 2017 WWP F 144A                     | CUSIP: 98162JAQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2465000 | PA      | $12485.23      | 0.00%             | 2036-11-10      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| OCADO GROUP PLC                                                              | OCADO GROUP PLC COMPANY GUAR REGS 08/29 10.5                  | CUSIP: ACI2QDHC0<br>LEI: 213800LO8F61YB8MBC74 | Long             | DBT              | CORP              | GB        |     33443000 | PA      | $43775129.89   | 1.03%             | 2029-08-08      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/4.40000 09/17/24-2Y CME                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $1730010.94    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| VENEZUELAN GOVT                                                              | REPUBLIC OF VENEZUELA SR UNSECURED REGS 08/31 11.95           | CUSIP: P17625AD9<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |      2300000 | PA      | $1184500.00    | 0.03%             | 2031-08-05      | Fixed         | 11.95%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -4646950 | PA      | $-4656799.64   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260424                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $40.43         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LONG BEACH MORTGAGE LOAN TR 2005-2                                           | LONG BEACH MORTGAGE LOAN TRUST LBMLT 2005 2 M7                | CUSIP: 542514KX1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4361456 | PA      | $3654137.84    | 0.09%             | 2035-04-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2021-59                                                    | FANNIE MAE FNR 2021 59 KI                                     | CUSIP: 3136BGB75<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     20265697 | PA      | $4891391.37    | 0.12%             | 2051-09-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                                 | UKRAINE GOVERNMENT SR UNSECURED 144A 02/36 VAR                | CUSIP: 903724CG5<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |       648244 | PA      | $300136.97     | 0.01%             | 2036-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| HOME EQUITY ASSET TRUST 2006-4                                               | HOME EQUITY ASSET TRUST HEAT 2006 4 M1                        | CUSIP: 437084VR4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     30302919 | PA      | $31075946.32   | 0.73%             | 2036-08-25      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER RE LTD                                                         | CHARLES RIVER RE LTD SR UNSECURED 144A 05/31 VAR              | CUSIP: 159873AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       250000 | PA      | $257350.00     | 0.01%             | 2031-05-10      | Floating      | 11.15%                | No            |                  2 | On Loan: No      |
| MSSG TRUST 2017-237P                                                         | MORGAN STANLEY MORTGAGE CAPITA MSSG 2017 237P E 144A          | CUSIP: 55375KAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8006000 | PA      | $7075075.13    | 0.17%             | 2039-09-13      | Variable      | 3.74%                 | No            |                  2 | On Loan: No      |
| BCAP LLC TRUST 2014-RR2                                                      | BCAP LLC TRUST BCAP 2014 RR2 11A4 144A                        | CUSIP: 05543DCD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2227286 | PA      | $2162456.08    | 0.05%             | 2037-05-26      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| WHLN 2025-CV3-PF-FF4                                                         | WHLN 2025 CV3 PF FF4 144A WHLNTY9X9                           | CUSIP: 990AASMZ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     22083147 | PA      | $22050545.78   | 0.52%             | 2027-09-01      | Fixed         | 8.62%                 | Yes           |                  3 | On Loan: No      |
| INGENICO TERMINALS (POSEIDON BIDCO SAS)                                      | POSEIDON BIDCO SASU 2023 EUR TERM LOAN B                      | CUSIP: 953RGXII1<br>LEI: 254900LGX7YG7Y9YM766 | Long             | LON              | CORP              | GB        |     61060000 | PA      | $21172864.34   | 0.50%             | 2030-11-30      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE LUX 3                                                          | LUXCO3 SHARES COMMON STOCK                                    | CUSIP: 929YHW907<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |       314673 | NS      | $5819437.70    | 0.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                                                          | BOUGHT EUR SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-217582.71    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD EUR BOUGHT USD 20260504                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-17989.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| THAMES WATER SUPER SENIOR ISSUER PLC                                         | THAMES WATER SUPER SENIOR ISSU 10/27 9.75                     | CUSIP: ACI3915T9<br>LEI: 635400LBEYCV7F4FC741 | Long             | DBT              | CORP              | GB        |       913305 | PA      | $1331011.35    | 0.03%             | 2027-10-10      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260421                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $5265.35       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST 2024-PT2                                      | PAGAYA AI DEBT SELECTION TRUST PAID 2024 PT2 CERT 144A        | CUSIP: 69546YAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       700000 | PA      | $276364.81     | 0.01%             | 2032-04-15      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| STRATTON MORTGAGE FUNDING 2024-1 PLC 24-1A                                   | STRATTON MORTGAGE FUNDING PLC STRA 2024 1A Z 144A             | CUSIP: ACI2S8TX0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      6241000 | PA      | $6997747.32    | 0.17%             | 2060-06-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CPS AUTO SECURITIZATION TRUST 2025-1                                         | CPS AUTO TRUST CPS 2025 1 A 144A                              | CUSIP: 22411GAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15460834 | PA      | $15684454.62   | 0.37%             | 2032-06-16      | Fixed         | 11.00%                | No            |                  3 | On Loan: No      |
| CREDIT SUISSE MORTGAGE CAP CERT 2007-C2                                      | CREDIT SUISSE MORTGAGE TRUST CSMC 2007 C2 E 144A              | CUSIP: 22545YAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2500000 | PA      | $131223.75     | 0.00%             | 2049-01-15      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT-A TRUST 2004-5                                              | BEAR STEARNS ALT A TRUST BALTA 2004 5 B1                      | CUSIP: 07386HJK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        80555 | PA      | $55708.97      | 0.00%             | 2034-06-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| PERU LNG SRL                                                                 | PERU LNG SRL SR UNSECURED REGS 03/30 5.375                    | CUSIP: P7721BAE1<br>LEI: 254900F70J1LOALV5K70 | Long             | DBT              | CORP              | PE        |     22852570 | PA      | $22198581.62   | 0.52%             | 2030-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD INR BOUGHT USD 20260407                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $38.76         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PROJECT QUASAR INVESTMENTS 2017 SL                                           | NEPTUNE QUASAR PPN                                            | CUSIP: 936TNJII2<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |            1 | PA      | $0.00          | 0.00%             | 2028-03-15      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| BARCLAYS COMMERCIAL MORTGAGE TRUST 2020-C6                                   | BARCLAYS COMMERCIAL MORTGAGE S BBCMS 2020 C6 F5TD 144A        | CUSIP: 05492TBM1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6000000 | PA      | $3763096.80    | 0.09%             | 2053-02-15      | Variable      | 3.69%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ARM LOAN TRUST 2005-19XS                                          | STRUCTURED ADJUSTABLE RATE MOR SARM 2005 19XS M1II            | CUSIP: 863579ZA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3595039 | PA      | $3541402.46    | 0.08%             | 2035-10-25      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT MXN SOLD USD 20260617                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |            1 | NC      | $-6464.20      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT IDR SOLD USD 20260610                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |            1 | NC      | $-331.62       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET INVST LN TR 2006-3                                          | STRUCTURED ASSET INVESTMENT LO SAIL 2006 3 A6                 | CUSIP: 863587AF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15000000 | PA      | $6419574.00    | 0.15%             | 2036-06-25      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET BACKED CERTS 2006-25                                       | COUNTRYWIDE ASSET BACKED CERTI CWL 2006 25 M1                 | CUSIP: 12667TAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     28023229 | PA      | $25351617.93   | 0.60%             | 2047-06-25      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BARCLAYS REV REPO EUR                                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |     -1398345 | PA      | $-1628620.74   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| STRATTON MORTGAGE FUNDING 2024-1 PLC 24-1A                                   | STRATTON MORTGAGE FUNDING 06/60 0                             | CUSIP: ACI2S8XN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |          240 | PA      | $3636979.36    | 0.09%             | 2060-06-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| 280 PARK AVENUE 2017-280P MORTGAGE TRUST                                     | 280 PARK AVENUE MORTGAGE TRUST PRK 2017 280P E 144A           | CUSIP: 90205FAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9645000 | PA      | $9459041.51    | 0.22%             | 2034-09-15      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| BLUE RIDGE RE LTD                                                            | BLUE RIDGE RE LTD UNSECURED 144A 01/29 VAR                    | CUSIP: 096003AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       400000 | PA      | $402440.00     | 0.01%             | 2029-01-08      | Floating      | 7.01%                 | No            |                  2 | On Loan: No      |
| POLESTAR RE LTD                                                              | POLESTAR RE LTD UNSECURED 144A 01/29 VAR                      | CUSIP: 73110JAF9<br>LEI: 254900VQQ6V3O4PG3408 | Long             | DBT              | CORP              | BM        |       250000 | PA      | $250562.50     | 0.01%             | 2029-01-08      | Floating      | 14.16%                | No            |                  2 | On Loan: No      |
| CONSECO FINANCE SEC CORP 2001-3                                              | CONSECO FINANCE SECURITIZATION CNF 2001 3 M1                  | CUSIP: 20846QHQ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1472796 | PA      | $1520097.90    | 0.04%             | 2033-05-01      | Variable      | 7.15%                 | No            |                  2 | On Loan: No      |
| VANTIVE HEALTH LLC                                                           | SPRUCE BIDCO II INC TERM LOAN                                 | CUSIP: BA000FPP1<br>LEI: 254900D597QQOG22WQ55 | Long             | LON              | CORP              | US        |      5112632 | PA      | $5071220.21    | 0.12%             | 2032-01-30      | Fixed         | 8.45%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1150773 | PA      | $-1155629.38   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| COLONY MORTGAGE CAPITAL SERIES LTD 2019-IKPR                                 | COLONY MORTGAGE CAPITAL LTD CLNY 2019 IKPR D 144A             | CUSIP: 12564NAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1600000 | PA      | $1533800.00    | 0.04%             | 2038-11-15      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260414                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $6271.20       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WELLS FARGO REVERSE REPO                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -9873600 | PA      | $-9890226.05   | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| HARBORVIEW MORTGAGE LOAN TR 2006-12                                          | HARBORVIEW MORTGAGE LOAN TRUST HVMLT 2006 12 2A13             | CUSIP: 41162DAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2042107 | PA      | $2005804.66    | 0.05%             | 2036-12-19      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| IMPAC CMB TR 2005-7                                                          | IMPAC CMB TRUST IMM 2005 7 A1                                 | CUSIP: 45254NQX8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7127049 | PA      | $6551449.00    | 0.15%             | 2035-11-25      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260406                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $4101.20       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BSST 2021-1818 MORTGAGE TRUST                                                | BSST MORTGAGE TRUST BSST 2021 1818 F 144A                     | CUSIP: 07403PAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3125000 | PA      | $342011.88     | 0.01%             | 2036-03-15      | Floating      | 8.24%                 | No            |                  2 | On Loan: No      |
| 280 PARK AVENUE 2017-280P MORTGAGE TRUST                                     | 280 PARK AVENUE MORTGAGE TRUST PRK 2017 280P F 144A           | CUSIP: 90205FAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7233000 | PA      | $7033770.63    | 0.17%             | 2034-09-15      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| BEIGNET INVESTOR LLC                                                         | BEIGNET INVESTOR LLC SR SECURED 144A 05/49 6.581              | CUSIP: 076912AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11330000 | PA      | $11657782.00   | 0.27%             | 2049-05-30      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5069                                                      | FREDDIE MAC FHR 5069 PI                                       | CUSIP: 3137F9CZ2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      2792108 | PA      | $488546.86     | 0.01%             | 2051-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFRF USD SF+26.161/1.50 9/21/23-4Y* CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $-302425.79    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |     -1430635 | PA      | $-1653970.52   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| DOLP TRUST 2021-NYC                                                          | DOLP TRUST DOLP 2021 NYC G 144A                               | CUSIP: 23345LAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8000000 | PA      | $5752184.00    | 0.14%             | 2041-05-10      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2021-3                            | FREDDIE MAC   SCRT SCRT 2021 3 BXS 144A                       | CUSIP: 35563P6W4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2414220 | PA      | $1496245.60    | 0.04%             | 2061-03-25      | Variable      | 6.93%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO GOLDMAN                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -6310304 | PA      | $-6396723.67   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| STWD 2021-HTS MORTGAGE TRUST 2021-HTS                                        | STARWOOD COMMERCIAL MORTGAGE T STWD 2021 HTS F 144A           | CUSIP: 78486DAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6612000 | PA      | $6616554.35    | 0.16%             | 2034-04-15      | Floating      | 7.94%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF AMERICA REVERSE REPO                     | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -2606582 | PA      | $-2608298.28   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                                        | DIRECTV FINANCING LLC SR SECURED 144A 02/30 8.875             | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       750000 | PA      | $749268.98     | 0.02%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT KWD SOLD USD 20260504                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-2071.36      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EQUINITI (ARMOR HOLDCO INC)                                                  | ARMOR HOLDCO INC COMPANY GUAR 144A 11/29 8.5                  | CUSIP: 04625PAA9<br>LEI: 254900X6HLK0YPTHHF09 | Long             | DBT              | CORP              | US        |      6400000 | PA      | $5850670.08    | 0.14%             | 2029-11-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SEVITA (NATIONAL MENTOR HOLDINGS INC)                                        | NATIONAL MENTOR HOLDINGS SR SECURED 144A 12/30 10.5           | CUSIP: 63688RAF4<br>LEI: 5493004QULJVJP3CNZ62 | Long             | DBT              | CORP              | US        |      6500000 | PA      | $6714155.50    | 0.16%             | 2030-12-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| CREDIT BASED ASSET SRVC & SEC 2007-MX1                                       | CREDIT BASED ASSET SERVICING A CBASS 2007 MX1 M1 144A         | CUSIP: 1248MPAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1722015 | PA      | $1719227.02    | 0.04%             | 2036-12-25      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST 11                                                    | SEQUOIA MORTGAGE TRUST SEMT 11 B1                             | CUSIP: 81744AAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       106793 | PA      | $69624.55      | 0.00%             | 2032-12-20      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| GREENSKY HOME IMPROVEMENT TRUST 2024-2                                       | GREENSKY HOME IMPROVEMENT ISSU GSKY 2024 2 E 144A             | CUSIP: 39571XAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       430417 | PA      | $444849.45     | 0.01%             | 2059-10-27      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -3075000 | PA      | $-3097433.83   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| NUMERICABLE US LLC                                                           | ALTICE FRANCE SA 2025 TERM LOAN B12                           | CUSIP: BA000QFP8<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |      7910683 | PA      | $7888453.59    | 0.19%             | 2028-10-30      | Floating      | 8.74%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -941535 | PA      | $-947523.16    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -6825000 | PA      | $-6972220.94   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -7483772 | PA      | $-7502612.85   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| ASHFORD HOSPITALITY TRUST 2018-ASHF                                          | ASHFORD HOSPITALITY TRUST AHT1 2018 ASHF E 144A               | CUSIP: 04410RAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15356000 | PA      | $15151094.14   | 0.36%             | 2035-04-15      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| DOGWOOD LLC                                                                  | MARKET GARDEN EQTYQL9A8                                       | CUSIP: 902FLS002<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24214364 | NS      | $26927801.09   | 0.64%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -11519934 | PA      | $-11606208.24  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| BCP TRUST 2021-330N                                                          | BCP TRUST BCP 2021 330N F 144A                                | CUSIP: 05553BAQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7000000 | PA      | $296293.20     | 0.01%             | 2038-06-15      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST 2005-4                                                | SEQUOIA MORTGAGE TRUST SEMT 2005 4 1B2                        | CUSIP: 81744FHY6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         2886 | PA      | $2691.57       | 0.00%             | 2035-10-20      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| CLOVER HOLDINGS 2 LLC                                                        | CLOVER HOLDINGS 2 LLC REVOLVER                                | CUSIP: 18914DAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      3583366 | PA      | $3303343.86    | 0.08%             | 2029-12-10      | Floating      | 0.24%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR GBP SONIO/3.50000 03/18/26-5Y LCH                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |            1 | NC      | $-2900662.58   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                       | VENTURE GLOBAL LNG INC SR SECURED 144A 02/29 9.5              | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |      7539000 | PA      | $8155685.68    | 0.19%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| MSDB TRUST 2017-712F                                                         | MSDB TRUST MSDB 2017 712F A 144A                              | CUSIP: 55354JAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3500000 | PA      | $3386808.95    | 0.08%             | 2039-07-11      | Fixed         | 3.32%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT KWD SOLD USD 20260713                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-2254.03      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.90000 09/17/24-6Y* CME                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $609058.52     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | NISSAN MOTOR CO LTD SNR JP SP NGF                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | JP        |            1 | NC      | $-28154.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260409                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $48962.25      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.75000 12/20/23-5Y CME                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $245906.87     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AMS-OSRAM AG                                                                 | AMS OSRAM AG SR UNSECURED REGS 03/29 10.5                     | CUSIP: ACI2L69P0<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |     30700000 | PA      | $37287953.71   | 0.88%             | 2029-03-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT JPY SOLD USD 20260507                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |            1 | NC      | $51052.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SG RESIDENTIAL MORTGAGE TRUST 2020-2                                         | SG CAPITAL PARTNERS SGR 2020 2 AIOS 144A                      | CUSIP: 81882JAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     28593387 | PA      | $256968.77     | 0.01%             | 2065-05-25      | Variable      | 0.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT IDR SOLD USD 20260610                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |            1 | NC      | $-645.86       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOLERA LLC (POLARIS NEWCO LLC)                                               | POLARIS NEWCO, LLC USD TERM LOAN B                            | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |     28680549 | PA      | $25319618.65   | 0.60%             | 2028-06-02      | Floating      | 7.93%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS                                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |      -699776 | PA      | $-934873.51    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| POLESTAR RE LTD                                                              | POLESTAR RE LTD UNSECURED 144A 01/27 VAR                      | CUSIP: 73110JAB8<br>LEI: 254900VQQ6V3O4PG3408 | Long             | DBT              | CORP              | BM        |      3500000 | PA      | $3619000.00    | 0.09%             | 2027-01-07      | Floating      | 16.79%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -4249744 | PA      | $-4265312.43   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| MASTR ASSET BACKED SEC TR 2005-WMC1                                          | MASTR ASSET BACKED SECURITIES MABS 2005 WMC1 M5               | CUSIP: 57643LHA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       326493 | PA      | $329618.39     | 0.01%             | 2035-03-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| LNR CDO LTD 2005-1A                                                          | LNR CDO LTD LNR 2005 1A A 144A                                | CUSIP: 53944PAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2058379 | PA      | $207.90        | 0.00%             | 2043-02-28      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $202165.35     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |     -1243021 | PA      | $-1436984.71   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -5409198 | PA      | $-5418280.75   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260506                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $118.74        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE SA RL                                                   | ION PLATFORM FINANCE SAR SR SECURED 144A 05/29 7.875          | CUSIP: ACI30ZWV8<br>LEI: 6488IU1F9M51Z3P60R77 | Long             | DBT              | CORP              | LU        |      3800000 | PA      | $4099160.43    | 0.10%             | 2029-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| GSAMP TRUST 2004-AHL                                                         | GSAMP TRUST GSAMP 2004 AHL M2                                 | CUSIP: 36242DHR7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       445403 | PA      | $449165.89     | 0.01%             | 2034-08-25      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EUR SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-14695.16     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WHLN 2024-CV3-FF1                                                            | WHLN 2024 CV3 FF1 7U008KK                                     | CUSIP: 954GRSII3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7611120 | PA      | $7601618.87    | 0.18%             | 2026-05-01      | Fixed         | 9.75%                 | Yes           |                  3 | On Loan: No      |
| ADJUSTABLE RATE MORTAGE TRUST 2004-1                                         | ADJUSTABLE RATE MORTGAGE TRUST ARMT 2004 1 CB1                | CUSIP: 007036AT3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1265427 | PA      | $1224773.97    | 0.03%             | 2035-01-25      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| POLESTAR RE LTD                                                              | POLESTAR RE LTD UNSECURED 144A 01/29 VAR                      | CUSIP: 73110JAE2<br>LEI: 254900VQQ6V3O4PG3408 | Long             | DBT              | CORP              | BM        |       400000 | PA      | $399960.00     | 0.01%             | 2029-01-08      | Floating      | 12.66%                | No            |                  2 | On Loan: No      |
| STARWOOD MORTGAGE RESIDENTIAL TRUST 2021-6                                   | STARWOOD MORTGAGE RESIDENTIAL STAR 2021 6 B2 144A             | CUSIP: 85573RAK4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       600000 | PA      | $441812.64     | 0.01%             | 2066-11-25      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | TRS YJL 01/28/36 MYC                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | CN        |            1 | NC      | $-2956984.92   | -0.07%            |  |  |  | No            |                  3 | On Loan: No      |
| CITIGROUP MTGE LOAN TRUST INC 2007-2                                         | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2007 2 1A2                | CUSIP: 17310SAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3493534 | PA      | $2784267.05    | 0.07%             | 2036-11-25      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | N/A       |     -1744160 | PA      | $-2023666.14   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| COLLEGE AVE STUDENT LOANS LLC 2024-A                                         | COLLEGE AVE STUDENT LOANS CASL 2024 A R 144A                  | CUSIP: 19424R108<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        22164 | PA      | $12124727.54   | 0.29%             | 2054-06-25      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260430                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $14774.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT KWD SOLD USD 20260615                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-2362.80      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST 2005-HE3                 | ASSET BACKED SECURITIES CORP H ABSHE 2005 HE3 M6              | CUSIP: 04541GQZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       200000 | PA      | $186540.52     | 0.00%             | 2035-04-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | CITIGROUP REVERSE REPO                                        | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -377767 | PA      | $-381121.18    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| VIRIDIEN                                                                     | VIRIDIEN SR SECURED 144A 10/30 10                             | CUSIP: 12531QAA3<br>LEI: 969500FCVQ5SLAAUJV59 | Long             | DBT              | CORP              | FR        |      8339000 | PA      | $8880826.53    | 0.21%             | 2030-10-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -4855200 | PA      | $-4908310.49   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| EUROSAIL PLC 2007-3X                                                         | EUROSAIL PLC ESAIL 2007 3X E1C REGS                           | CUSIP: G3299SAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      1780941 | PA      | $1949761.86    | 0.05%             | 2045-06-13      | Floating      | 7.85%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET INVST LN TR 2005-8                                          | STRUCTURED ASSET INVESTMENT LO SAIL 2005 8 M2                 | CUSIP: 86358EXR2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     21336901 | PA      | $18330832.52   | 0.43%             | 2035-10-25      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260416                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $12561.33      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPOS                                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |     -3439774 | PA      | $-4564899.54   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA SA (PDVSA)                                            | PETROLEOS DE VENEZUELA S COMPANY GUAR REGS 05/35 9.75         | CUSIP: P7807HAQ8<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |      9100000 | PA      | $3801980.00    | 0.09%             | 2035-05-17      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                               | FWD0M1442 COLOMBIA GOVT                                       | CUSIP: 990ADDTQ0<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | US        |    849300000 | PA      | $178012.70     | 0.00%             | 2031-03-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ASSETBACKED SEC 2005-C                                          | BEAR STEARNS ASSET BACKED SECU BSABS 2005 CL1 M1              | CUSIP: 073879V47<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4862851 | PA      | $3915421.58    | 0.09%             | 2034-09-25      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260429                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $-15763.60     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DENALI INTERMEDIATE HOLDINGS INC                                             | DUN + BRADSTREET CORPOR THE 2025 REVOLVER                     | CUSIP: BA000K747<br>LEI: 2549003M8H6SW81O1D67 | Long             | LON              | CORP              | US        |       776364 | PA      | $776363.64     | 0.02%             | 2032-08-26      | Floating      | 0.63%                 | No            |                  3 | On Loan: No      |
| BANK OF AMERICA MTG SEC 2002-G                                               | BANC OF AMERICA MORTGAGE SECUR BOAMS 2002 G 1B3               | CUSIP: 06050HKZ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        14564 | PA      | $13938.44      | 0.00%             | 2032-07-20      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2021-R1                                           | VERUS SECURITIZATION TRUST VERUS 2021 R1 AIOS 144A            | CUSIP: 92538BAH6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100409808 | PA      | $136612.56     | 0.00%             | 2063-10-25      | Variable      | 0.43%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2022-ONL                               | WELLS FARGO COMMERCIAL MORTGAG WFCM 2022 ONL C 144A           | CUSIP: 95003WAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7835000 | PA      | $7046661.10    | 0.17%             | 2039-12-15      | Variable      | 4.93%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2020-3                            | FREDDIE MAC   SCRT SCRT 2020 3 BXS 144A                       | CUSIP: 35563PUB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11749525 | PA      | $6836492.90    | 0.16%             | 2060-05-25      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| THAMES WATER SUPER SENIOR ISSUER PLC                                         | THAMES WATER SUPER SEN SR SECURED REGS 10/27 9.75             | CUSIP: ACI2VYD73<br>LEI: 635400LBEYCV7F4FC741 | Long             | DBT              | CORP              | GB        |      1100000 | PA      | $1588015.55    | 0.04%             | 2027-10-10      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT KWD SOLD USD 20270610                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-1848.81      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS CORP / JETBLUE LOYALTY LP                                    | JETBLUE AIRWAYS/LOYALTY SR SECURED 144A 09/31 9.875           | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      7863000 | PA      | $7441687.41    | 0.18%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| NPC UKRENERGO                                                                | NPC UKRENERGO GOVT GUARANT 144A 11/28 6.875                   | CUSIP: 63718LAA2<br>LEI: 8945009LCLS92V4AK321 | Long             | DBT              | CORP              | UA        |      1000000 | PA      | $922500.00     | 0.02%             | 2028-11-09      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UPSTART SECURITIZATION TRUST 2025-3                                          | UPSTART SECURITIZATION TRUST UPST 2025 3 D 144A               | CUSIP: 91684FAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     18950000 | PA      | $19266910.33   | 0.45%             | 2035-09-20      | Fixed         | 7.41%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-ASH8               | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2018 ASH8 F 144A         | CUSIP: 46649JAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7734177 | PA      | $6723900.31    | 0.16%             | 2035-02-15      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| COGENT COMMUNICATIONS GROUP LLC / COGENT FINANCE INC                         | COGENT COMMS GRP / FIN COMPANY GUAR 144A 06/27 7              | CUSIP: 19240WAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3060000 | PA      | $3023656.38    | 0.07%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LN TR 2006-OA18                                      | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 OA18 A2             | CUSIP: 23244GAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       153442 | PA      | $101261.74     | 0.00%             | 2046-12-25      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -9890243 | PA      | $-9916968.62   | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO HOME EQUITY TRUST 2005-3                                         | WELLS FARGO HOME EQUITY TRUST WFHET 2005 3 M9 144A            | CUSIP: 9497ENAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       250000 | PA      | $246436.98     | 0.01%             | 2035-11-25      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -6481710 | PA      | $-6501877.25   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| ACE SECURITIES CORP 2004-OP1                                                 | ACE SECURITIES CORP. ACE 2004 OP1 M5                          | CUSIP: 004421FA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       101595 | PA      | $86545.34      | 0.00%             | 2034-04-25      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| GSAMP TRUST 2004-SEA2                                                        | GSAMP TRUST GSAMP 2004 SEA2 M2                                | CUSIP: 36228F6A9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2035826 | PA      | $1731492.45    | 0.04%             | 2034-03-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| LONG BEACH MORTGAGE LOAD TR 2005-WL1                                         | LONG BEACH MORTGAGE LOAN TRUST LBMLT 2005 WL1 M5              | CUSIP: 542514LM4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15032262 | PA      | $14475743.82   | 0.34%             | 2035-06-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA SA (PDVSA)                                            | PETROLEOS DE VENEZUELA S COMPANY GUAR REGS 04/27 5.375        | CUSIP: P7807HAC9<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |       440000 | PA      | $147312.00     | 0.00%             | 2027-04-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST  2021-B25                                           | BENCHMARK MORTGAGE TRUST BMARK 2021 B25 300A 144A             | CUSIP: 08163DBR7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2000000 | PA      | $1486265.40    | 0.04%             | 2054-04-15      | Variable      | 2.99%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | DEUTSCHE REVERSE REPO EUR ZCP                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |     -3611558 | PA      | $-4181611.24   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| SVB FINANCIAL TRUST                                                          | SVB FINL TR COMMON STOCK UNIT                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |        47859 | NS      | $22613377.50   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO PARIBAS                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -574653 | PA      | $-578688.39    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/1.75000 06/15/22-30Y CME                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $25397463.85   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BARCLAYS REV REPO EUR                                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |     -3213072 | PA      | $-3720875.07   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| CAPE LOOKOUT RE LTD                                                          | CAPE LOOKOUT RE LTD UNSECURED 144A 03/33 VAR                  | CUSIP: 13947LAJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       800000 | PA      | $800000.00     | 0.02%             | 2033-03-21      | Floating      | 9.51%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                           | TREASURY BILL 07/26 0.00000                                   | CUSIP: 912797UQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      1194000 | PA      | $1180765.01    | 0.03%             | 2026-07-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |     -8725446 | PA      | $-10172355.16  | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| ADJUSTABLE RATE MORTAGE TRUST 2004-2                                         | ADJUSTABLE RATE MORTGAGE TRUST ARMT 2004 2 7M2                | CUSIP: 007036CD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4360601 | PA      | $3666764.82    | 0.09%             | 2035-02-25      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| ACE SECURITIES CORP 2004-FM2                                                 | ACE SECURITIES CORP. ACE 2004 FM2 M5                          | CUSIP: 004421GN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1024222 | PA      | $878371.22     | 0.02%             | 2034-06-25      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| AMERIQUEST MORTGAGE SEC 2005-R3                                              | AMERIQUEST MORTGAGE SECURITIES AMSI 2005 R3 M5                | CUSIP: 03072SA39<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       158167 | PA      | $155017.36     | 0.00%             | 2035-05-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| MERCURY CDO LTD 2004-1A                                                      | MERCURY CDO LTD MRCY 2004 1A A2A 144A                         | CUSIP: 58936RAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      5547061 | PA      | $4861643.84    | 0.11%             | 2040-12-08      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| CS FIRST BOSTON MTGE SEC CORP 2005-C3                                        | CREDIT SUISSE FIRST BOSTON MOR CSFB 2005 C3 D                 | CUSIP: 225458VX3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        10890 | PA      | $9523.72       | 0.00%             | 2037-07-15      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BARCLAYS REV REPO EUR                                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |     -2264472 | PA      | $-2637054.21   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | MERRILL LYNCH REVERSE REPO GBP ZCP                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |     -4995360 | PA      | $-6617348.87   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP 2003-AR28                | CREDIT SUISSE FIRST BOSTON MOR CSFB 2003 AR28 CB1             | CUSIP: 22541QU91<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       475959 | PA      | $447186.17     | 0.01%             | 2033-12-25      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFRF USD SF+26.161/1.2* 9/16/23-28Y* CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $37242766.22   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| URSA RE II LTD                                                               | URSA RE II LTD UNSECURED 144A 12/29 VAR                       | CUSIP: 91734PAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       350000 | PA      | $347515.00     | 0.01%             | 2029-12-07      | Floating      | 8.66%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT KWD SOLD USD 20260528                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-2941.79      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS EUR 0.25000 03/18/20-30Y LCH                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |            1 | NC      | $2516708.20    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| DBGS MORTGAGE TRUST 2019-1735                                                | DBGS MORTGAGE TRUST DBGS 2019 1735 F 144A                     | CUSIP: 23307EAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5000000 | PA      | $3514542.50    | 0.08%             | 2037-04-10      | Variable      | 4.19%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1749392 | PA      | $-1763062.05   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| PROJECT CASHMERE                                                             | PROJECT CASHMERE CLASS E 144A                                 | CUSIP: 990ABJRU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | AU        |     13678000 | PA      | $9437138.64    | 0.22%             | 2057-12-30      | Floating      | 7.56%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -8259051 | PA      | $-8295230.09   | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| SG RESIDENTIAL MORTGAGE TRUST 2020-2                                         | SG CAPITAL PARTNERS SGR 2020 2 XS1 144A                       | CUSIP: 81882JAM3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     28575205 | PA      | $2857.52       | 0.00%             | 2065-05-25      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -7206017 | PA      | $-7275629.39   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5069                                                      | FREDDIE MAC FHR 5069 IL                                       | CUSIP: 3137F9C66<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      3733543 | PA      | $673453.20     | 0.02%             | 2051-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORPORATION                                                         | DISH DBS CORP SR SECURED 144A 12/26 5.25                      | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     43288000 | PA      | $42941625.01   | 1.01%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MIZUHO SECURITIES                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -12151237 | PA      | $-12174864.59  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| ACE SECURITIES CORP 2006-NC1                                                 | ACE SECURITIES CORP. ACE 2006 NC1 M2                          | CUSIP: 004421UV3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3058980 | PA      | $2481070.47    | 0.06%             | 2035-12-25      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| CSMC TRUST 2017                                                              | CREDIT SUISSE MORTGAGE TRUST CSMC 2017 CALI E 144A            | CUSIP: 12652FAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4900000 | PA      | $787596.60     | 0.02%             | 2032-11-10      | Variable      | 3.61%                 | No            |                  2 | On Loan: No      |
| BLUE RIDGE RE LTD                                                            | BLUE RIDGE RE LTD UNSECURED 144A 01/29 VAR                    | CUSIP: 096003AD0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       250000 | PA      | $247287.50     | 0.01%             | 2029-01-08      | Floating      | 9.51%                 | No            |                  2 | On Loan: No      |
| FORWARD AIR CORPORATION (CLUE OPCO LLC)                                      | FORWARD AIR CORPORATION TERM LOAN B                           | CUSIP: 18948EAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     24174262 | PA      | $23594079.26   | 0.56%             | 2030-12-19      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERTS 2005-BC5                                      | COUNTRYWIDE ASSET BACKED CERTI CWL 2005 BC5 M6                | CUSIP: 126670NK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3674396 | PA      | $3430016.13    | 0.08%             | 2036-01-25      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | ZCS BRL 11.245 03/25/22-01/04/27 CME                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | BR        |            1 | NC      | $-23129.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET MTG INV INC 2007-AR3                                        | STRUCTURED ASSET MORTGAGE INVE SAMI 2007 AR3 1A3              | CUSIP: 86363NAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1329969 | PA      | $1233781.26    | 0.03%             | 2047-09-25      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC / ION PLATFORM FINANCE SARL                      | ION PLAT FIN US/SARL SR SECURED 144A 05/28 5                  | CUSIP: 46206AAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2900000 | PA      | $2711767.09    | 0.06%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -8866553 | PA      | $-8891213.86   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| INCORA TOP HOLDCO LLC                                                        | INCORA NEW EQUITY                                             | CUSIP: 955PRF008<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1270491 | NS      | $48118550.72   | 1.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                                                          | SOLD JPY BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |            1 | NC      | $-62979.86     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ALTICE SA                                                                    | ALTICE HOLDINGS 1 12/99 0                                     | CUSIP: 000000000<br>LEI: 549300LA7PKCH18B3S39 | Long             | EC               | CORP              | LU        |        72681 | NS      | $1008100.20    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.90000 09/17/24-6Y* CME                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $2723006.02    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| LENDINGPOINT PASS-THROUGH TRUST SERIES 2022-ST1                              | LENDINGPOINT PASS THROUGH TRUS LPPT 2022 ST1 CERT 144A        | CUSIP: 52607NAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2300000 | PA      | $141206.20     | 0.00%             | 2028-03-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WHLN 2025-CV3-PF-FF1                                                         | WHLN 2025 CV3 PF FF1 WHLNRH9K6                                | CUSIP: 959AACII4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      6699641 | PA      | $6692454.43    | 0.16%             | 2027-02-01      | Fixed         | 9.25%                 | Yes           |                  3 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -850850 | PA      | $-854521.22    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -5552398 | PA      | $-5568134.13   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| UBISOFT ENTERTAINMENT                                                        | UBISOFT ENTERTAINMENT SA SR UNSECURED REGS 11/27 0.878        | CUSIP: ACI1SYQ75<br>LEI: 969500I7C8V1LBIMSM05 | Long             | DBT              | CORP              | FR        |     20600000 | PA      | $19234769.38   | 0.45%             | 2027-11-24      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260424                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $-27.05        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST 2003-4                                                | SEQUOIA MORTGAGE TRUST SEMT 2003 4 2B1                        | CUSIP: 81743PBY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        23381 | PA      | $22139.42      | 0.00%             | 2033-07-20      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| LEALAND FINANCE COMPANY BV                                                   | LEALAND FINANCE COMPANY B.V. 2020 TAKE BACK TL                | CUSIP: N5200EAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      2769669 | PA      | $2316135.54    | 0.05%             | 2027-12-31      | Fixed         | 7.78%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST 2013-8                                         | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2013 8 2A2 144A           | CUSIP: 17321PAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       424564 | PA      | $278210.04     | 0.01%             | 2036-11-25      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST 2015-CR26                                                | COMM MORTGAGE TRUST COMM 2015 CR26 XE 144A                    | CUSIP: 12593QAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     28636000 | PA      | $286.36        | 0.00%             | 2048-10-10      | Variable      | 1.36%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2007-OA4                                                   | WAMU MORTGAGE PASS THROUGH CER WAMU 2007 OA4 1A1B             | CUSIP: 93364CAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       457679 | PA      | $558933.00     | 0.01%             | 2047-05-25      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -2162591 | PA      | $-2178323.50   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                           | TREASURY BILL 04/26 0.00000                                   | CUSIP: 912797QD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       200000 | PA      | $199698.26     | 0.00%             | 2026-04-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | MERRILL LYNCH REVERSE REPO GBP ZCP                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |      -479232 | PA      | $-634780.58    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BEAST MORTGAGE TRUST 2022-1700                                               | BSST MORTGAGE TRUST BSST 2022 1700 A 144A                     | CUSIP: 055742AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       900000 | PA      | $796304.34     | 0.02%             | 2037-02-15      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| CITIGROUP/DEUTSCHE BK COMM MTGE 2006-CD3                                     | CD COMMERCIAL MORTGAGE TRUST CD 2006 CD3 AJ                   | CUSIP: 14986DAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       184229 | PA      | $174113.76     | 0.00%             | 2048-10-15      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260618                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-4695.32      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BRIDGEGATE FUNDING PLC 2023-1A                                               | BRIDGEGATE FUNDING PLC BRGTE 2023 1A X 144A                   | CUSIP: ACI2C6PW7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      7667000 | PA      | $14806098.71   | 0.35%             | 2062-10-16      | Floating      | 12.74%                | No            |                  2 | On Loan: No      |
| NOMURA HOME EQUITY LOAN INC 2005-FM1                                         | NOMURA HOME EQUITY LOAN INC NHELI 2005 FM1 M4                 | CUSIP: 65536HAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       525467 | PA      | $424193.15     | 0.01%             | 2035-05-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT JPY SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |            1 | NC      | $-19303.10     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LONG BEACH MTGE LOAN TRUST 2004-4                                            | LONG BEACH MORTGAGE LOAN TRUST LBMLT 2004 4 M10               | CUSIP: 542514JC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1049725 | PA      | $943567.16     | 0.02%             | 2034-10-25      | Floating      | 8.29%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                           | TREASURY BILL 05/26 0.00000                                   | CUSIP: 912797TS6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      1879000 | PA      | $1869918.17    | 0.04%             | 2026-05-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MERRILL LYNCH MORTGAGE INVESTOR 2005-HE1                                     | MERRILL LYNCH MORTGAGE INVESTO MLMI 2005 HE1 M3               | CUSIP: 59020UUY9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        79508 | PA      | $78818.91      | 0.00%             | 2036-02-25      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT KWD SOLD USD 20260610                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-819.18       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2022-ONL                               | WELLS FARGO COMMERCIAL MORTGAG WFCM 2022 ONL X 144A           | CUSIP: 95003WAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    352277915 | PA      | $3586964.18    | 0.08%             | 2039-12-15      | Variable      | 0.39%                 | No            |                  2 | On Loan: No      |
| AMERIQUEST MTGE SECURITIES INC 2005-R11                                      | AMERIQUEST MORTGAGE SECURITIES AMSI 2005 R11 M5               | CUSIP: 03072SV51<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1100000 | PA      | $987624.99     | 0.02%             | 2036-01-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                 | UBS GROUP AG REG COMMON STOCK USD.1                           | CUSIP: ACI09N1W4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |         5143 | NS      | $200543.02     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST 2005-HE3                 | ASSET BACKED SECURITIES CORP H ABSHE 2005 HE3 M5              | CUSIP: 04541GQY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         6795 | PA      | $8024.13       | 0.00%             | 2035-04-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                           | TREASURY BILL 05/26 0.00000                                   | CUSIP: 912797TT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      9245000 | PA      | $9193634.13    | 0.22%             | 2026-05-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO THE BANK OF NOVA REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -479915 | PA      | $-481805.06    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO CREDIT AGRICOLE 03/14 VAR                        | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -513825 | PA      | $-514700.64    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/2.00000 12/21/22-10Y CME                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $9001651.99    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| APLD COMPUTECO 2 LLC                                                         | APLD COMPUTECO 2 LLC SR SECURED 144A 03/31 6.75               | CUSIP: 03772CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2500000 | PA      | $2483347.75    | 0.06%             | 2031-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UBISOFT ENTERTAINMENT                                                        | UBISOFT ENTERTAINMENT SA SR UNSECURED REGS 11/28 2.375        | CUSIP: ACI2B1W92<br>LEI: 969500I7C8V1LBIMSM05 | Long             | DBT              | CORP              | FR        |     29800000 | PA      | $32894359.34   | 0.78%             | 2028-11-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| CORONADO CDO LTD 1A                                                          | CORONADO CDO LTD CORON 1A B1 144A                             | CUSIP: 21976RAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      1568762 | PA      | $446493.12     | 0.01%             | 2038-09-04      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -7322491 | PA      | $-7375872.26   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS EUR 2.50000 09/16/26-5Y LCH                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |            1 | NC      | $-902690.54    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO NATEXIS BANQUE REVERSE REPO                      | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -11160230 | PA      | $-11171725.03  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| MERLIN ENTERTAINMENTS (MOTION FINCO SARL)                                    | MOTION FINCO SARL SR SECURED REGS 06/30 7.375                 | CUSIP: ACI2G9CJ0<br>LEI: 2549002L1LBQZKA7UN30 | Long             | DBT              | CORP              | LU        |     29000000 | PA      | $29094215.04   | 0.69%             | 2030-06-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PARK PLACE SEC INC 2005-WHQ4                                                 | PARK PLACE SECURITIES INC PPSI 2005 WHQ4 M4                   | CUSIP: 70069FMV6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     19209925 | PA      | $15168187.78   | 0.36%             | 2035-09-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| FREMONT HOME LOAN TRUST 2006-2                                               | FREMONT HOME LOAN TRUST FHLT 2006 2 M1                        | CUSIP: 35729PPZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10774184 | PA      | $7970010.83    | 0.19%             | 2036-02-25      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2020-RPL1                                | GS MORTGAGE BACKED SECURITIES GSMBS 2020 RPL1 B 144A          | CUSIP: 36260AAU0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6871000 | PA      | $4620915.15    | 0.11%             | 2059-07-25      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS EUR 0.50000 06/17/20-30Y LCH                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |            1 | NC      | $7137494.68    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -7751303 | PA      | $-7792901.23   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                           | US TREASURY N/B 08/45 4.875                                   | CUSIP: 912810UN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      2197000 | PA      | $2190306.00    | 0.05%             | 2045-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ACCREDITED MORTGAGE LOAN TRUST 2004-3                                        | ACCREDITED MORTGAGE LOAN TRUST ACCR 2004 3 1M3                | CUSIP: 004375BG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1863046 | PA      | $1673046.56    | 0.04%             | 2034-10-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| FREMONT HOME LOAN TRUST 2004-B                                               | FREMONT HOME LOAN TRUST FHLT 2004 B M7                        | CUSIP: 35729PDW7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        23671 | PA      | $22043.95      | 0.00%             | 2034-05-25      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA MTGE SECURITIES 2004-E                                       | BANC OF AMERICA MORTGAGE SECUR BOAMS 2004 E B1                | CUSIP: 05949AHJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        96211 | PA      | $81569.92      | 0.00%             | 2034-06-25      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2021-RPL1                                | GS MORTGAGE BACKED SECURITIES GSMBS 2021 RPL1 X 144A          | CUSIP: 36261WAR8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     88653189 | PA      | $2809809.63    | 0.07%             | 2060-12-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| WORLDWIDE PLAZA TRUST 2017-WWP                                               | WORLDWIDE PLAZA TRUST WPT 2017 WWP A 144A                     | CUSIP: 98162JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10000000 | PA      | $7993501.00    | 0.19%             | 2036-11-10      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                               | FWD0104H8 COLOMBIA GOVT FWD 04 24 2026                        | CUSIP: 958QWGII7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | US        |    631100000 | PA      | $159067.39     | 0.00%             | 2029-08-22      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| SECURITIZED ASSET BACKED RECEIVABLES LLC 2005-FR3                            | SECURITIZED ASSET BACKED RECEI SABR 2005 FR3 M2               | CUSIP: 81375WEV4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       894719 | PA      | $810848.23     | 0.02%             | 2035-04-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| POLESTAR RE LTD                                                              | POLESTAR RE LTD UNSECURED 144A 01/29 VAR                      | CUSIP: 73110JAD4<br>LEI: 254900VQQ6V3O4PG3408 | Long             | DBT              | CORP              | BM        |       400000 | PA      | $400960.00     | 0.01%             | 2029-01-08      | Floating      | 10.66%                | No            |                  2 | On Loan: No      |
| PROJECT CASHMERE                                                             | PROJECT CASHMERE CLASS G 144A                                 | CUSIP: 990ABJSK3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | AU        |     20955000 | PA      | $14457906.14   | 0.34%             | 2057-12-30      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| ALBA PLC 2006-2                                                              | ALBA PLC ALBA 2006 2 SUB REGS                                 | CUSIP: 991ZCLII7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      3491000 | PA      | $2993742.22    | 0.07%             | 2038-12-15      | Floating      | 8.85%                 | No            |                  2 | On Loan: No      |
| CASSINI SAS                                                                  | COMEXPOSIUM 2019 EUR REVOLVER                                 | CUSIP: 945BLZII6<br>LEI: 9695009FFM30CUZ8FO85 | Long             | LON              | CORP              | FR        |      3338048 | PA      | $4707105.72    | 0.11%             | 2031-10-16      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | NISSAN MOTOR CO LTD SNR JP SP MYC                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | JP        |            1 | NC      | $-298138.30    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -5080002 | PA      | $-5091718.06   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | DEUTSCHE REVERSE REPO EUR ZCP                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |      -651954 | PA      | $-755195.15    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| COMM 2022-HC MORTGAGE TRUST                                                  | COMM MORTGAGE TRUST COMM 2022 HC A 144A                       | CUSIP: 12659DAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1500000 | PA      | $1456785.75    | 0.03%             | 2039-01-10      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2014-A                                      | SMB PRIVATE EDUCATION LOAN TRU SMB 2014 A R 144A              | CUSIP: 784456105<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        15318 | PA      | $348079.14     | 0.01%             | 2045-09-15      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| QUERCUS II RE DESIGNATED ACTIVITY COMPANY                                    | QUERCUS II RE DAC UNSECURED 144A 01/31 VAR                    | CUSIP: ACI37KKF2<br>LEI: 635400PTO1PTKKKHEA32 | Long             | DBT              | CORP              | IE        |       800000 | PA      | $924587.71     | 0.02%             | 2031-01-07      | Floating      | 13.07%                | No            |                  2 | On Loan: No      |
| ASSET BACKED FUNDING CERT 2005-HE1                                           | ASSET BACKED FUNDING CERTIFICA ABFC 2005 HE1 M5               | CUSIP: 04542BKW1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6465797 | PA      | $5833940.32    | 0.14%             | 2035-03-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BARCLAYS REV REPO EUR                                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |     -1543056 | PA      | $-1787408.30   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| PERATON CORP                                                                 | PERATON CORP 2ND LIEN TERM LOAN B1                            | CUSIP: 71360HAG2<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |      2744480 | PA      | $1989748.00    | 0.05%             | 2029-02-01      | Floating      | 11.52%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | PARIBAS REVERSE REPO EUR ZCP                                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |     -1452361 | PA      | $-1677175.56   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH MORTGAGE INV INC 2004-WMC3                                     | MERRILL LYNCH MORTGAGE INVESTO MLMI 2004 WMC3 M2              | CUSIP: 59020UCP8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        45825 | PA      | $45226.53      | 0.00%             | 2035-01-25      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD JPY BOUGHT USD 20260507                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |            1 | NC      | $-226365.62    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST 2020-BOC                          | BANC OF AMERICA MERRILL LYNCH BAMLL 2020 BOC A 144A           | CUSIP: 05551JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11620000 | PA      | $10603223.27   | 0.25%             | 2032-01-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD GBP BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |            1 | NC      | $8203.89       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ASTON MARTIN CAPITAL HOLDINGS LIMITED                                        | ASTON MARTIN CAPITAL HOL SR SECURED 144A 03/29 10             | CUSIP: 04625HAJ8<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |     12701000 | PA      | $9568361.86    | 0.23%             | 2029-03-31      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -23997519 | PA      | $-24000705.25  | -0.57%            |  |  |  | No            |                  2 | On Loan: No      |
| BWAY MORTGAGE TRUST 2021-1450                                                | BWAY MORTGAGE TRUST BWAY 2021 1450 G 144A                     | CUSIP: 12430YAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3000000 | PA      | $2314805.40    | 0.05%             | 2036-09-15      | Floating      | 9.64%                 | No            |                  2 | On Loan: No      |
| COLONY MORTGAGE CAPITAL SERIES LTD 2019-IKPR                                 | COLONY MORTGAGE CAPITAL LTD CLNY 2019 IKPR F 144A             | CUSIP: 12564NAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     12700000 | PA      | $10980737.50   | 0.26%             | 2038-11-15      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -637819 | PA      | $-639979.52    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                           | TREASURY BILL 04/26 0.00000                                   | CUSIP: 912797TG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      3387000 | PA      | $3384962.14    | 0.08%             | 2026-04-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT BRL SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |            1 | NC      | $48295.35      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FLORA FOOD MANAGEMENT BV                                                     | FLORA FOOD MANAGEMENT BV SR SECURED 144A 10/30 7.5            | CUSIP: ACI386PJ9<br>LEI: 2549002VGA888UKFKS25 | Long             | DBT              | CORP              | NL        |      3200000 | PA      | $3665863.42    | 0.09%             | 2030-10-31      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS                                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |     -1753924 | PA      | $-2344508.34   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| INTEGRITY RE III LTD                                                         | INTEGRITY RE III UNSECURED 144A 06/29 VAR                     | CUSIP: 45870GAK2<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |       400000 | PA      | $400000.00     | 0.01%             | 2029-06-07      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| AMSURG LLC                                                                   | ENVISION HEALTHCARE CORPORTION 2023 1ST LIEN FIRST OUT TL     | CUSIP: 949ABEII2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      6328949 | PA      | $6328948.57    | 0.15%             | 2026-11-03      | Floating      | 11.64%                | No            |                  3 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -810007 | PA      | $-813005.41    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| TURKEY GOVT                                                                  | TURKIYE GOVERNMENT BOND BONDS 05/28 VAR                       | CUSIP: ACI2PJ5W7<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    155800000 | PA      | $3493681.03    | 0.08%             | 2028-05-17      | Floating      | 39.64%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -5833238 | PA      | $-5876702.10   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT JPY SOLD USD 20260507                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |            1 | NC      | $24562.25      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FHF TRUST 2022-2                                                             | FIRST HELP FINANCIAL LLC FHF 2022 2A C 144A                   | CUSIP: 31568EAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1000000 | PA      | $999844.80     | 0.02%             | 2030-01-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT GBP SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |            1 | NC      | $-16594.71     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BRUCETON MILLS ASSOCIATES LLC                                                | PURIS TERM LOAN                                               | CUSIP: BA0005TS3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      8235650 | PA      | $7958392.59    | 0.19%             | 2030-07-01      | Floating      | 9.45%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | BOUGHT PLN SOLD USD 20260415                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |            1 | NC      | $-1436.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| KEYCORP STUDENT LOAN TRUST 2000-B                                            | KSLT 2000 B CERT SUB KSLT 2000 B CERT SUB                     | CUSIP: 933FUCII2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       100000 | PA      | $4125009.78    | 0.10%             | 2050-01-01      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| GHANA GOVT                                                                   | REPUBLIC OF GHANA SR UNSECURED 144A 07/29 VAR                 | CUSIP: 374422AM5<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |       550550 | PA      | $526298.72     | 0.01%             | 2029-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOFTBANK GROUP CORP SNR JP SP GST                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |            1 | NC      | $-6966.64      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                               | FWD0Z3AA3 COLOMBIA GOVT NDF                                   | CUSIP: 990ADDTP2<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | US        |       600000 | PA      | $159.26        | 0.00%             | 2040-11-28      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2024-2                            | FREDDIE MAC   SCRT SCRT 2024 2 BXS 144A                       | CUSIP: 35563PYJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7131438 | PA      | $3562565.70    | 0.08%             | 2064-05-25      | Variable      | 2.69%                 | No            |                  2 | On Loan: No      |
| INTELSAT SA                                                                  | SES S A COMMON STOCK                                          | CUSIP: 000000000<br>LEI: 549300YV2L21F4K80V46 | Long             | EC               | CORP              | LU        |       670263 | NS      | $10053945.00   | 0.24%             |  |  |  | No            |                  3 | On Loan: No      |
| ARGENT SECURITIES INC 2005-W2                                                | ARGENT SECURITIES INC. ARSI 2005 W2 M3                        | CUSIP: 040104NF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     38366569 | PA      | $36715364.30   | 0.87%             | 2035-10-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| PALM RE LTD                                                                  | PALM RE LTD UNSECURED 144A 06/31 VAR                          | CUSIP: 69664FAA6<br>LEI: 984500D3C66DA10DAP11 | Long             | DBT              | CORP              | BM        |       250000 | PA      | $261650.00     | 0.01%             | 2031-06-09      | Floating      | 13.22%                | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2005-16                                        | COUNTRYWIDE ASSET BACKED CERTI CWL 2005 16 MV5                | CUSIP: 126670PM4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       256448 | PA      | $206927.54     | 0.00%             | 2036-05-25      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| TITANIUM 2L BONDCO SA RL                                                     | TITANIUM 2L BONDCO SARL SR SECURED 01/31 6.25                 | CUSIP: ACI2R0R44<br>LEI: 636700S4QMU2DWYOSF67 | Long             | DBT              | CORP              | LU        |     40172900 | PA      | $7545494.06    | 0.18%             | 2031-01-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD HKD BOUGHT USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | HK        |            1 | NC      | $2937.51       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -846700 | PA      | $-849339.65    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2004-4                                         | COUNTRYWIDE ASSET BACKED CERTI CWL 2004 4 B                   | CUSIP: 1266715S1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       235249 | PA      | $353343.06     | 0.01%             | 2033-08-25      | Floating      | 8.29%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF AMERICA REVERSE REPO                     | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -337500 | PA      | $-337717.50    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD CAD BOUGHT USD 20260504                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |            1 | NC      | $2090.14       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY HOME EQUITY LN 2005-2                                         | MORGAN STANLEY HOME EQUITY LOA MSHEL 2005 2 M6                | CUSIP: 61744CQQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5603187 | PA      | $5551498.29    | 0.13%             | 2035-05-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| OCS GROUP HOLDINGS LIMITED                                                   | OCS GROUP HOLDINGS LTD 2026 GBP TERM LOAN B5                  | CUSIP: BA000XG23<br>LEI: 54930002RKY3Y4LURL90 | Long             | LON              | CORP              | GB        |      2300000 | PA      | $3033626.07    | 0.07%             | 2031-11-28      | Floating      | 8.98%                 | No            |                  2 | On Loan: No      |
| SOHO TRUST 2021-SOHO                                                         | SOHO TRUST 2021 SOHO SOHO 2021 SOHO A 144A                    | CUSIP: 83410JAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5696000 | PA      | $4723934.31    | 0.11%             | 2038-08-10      | Variable      | 2.70%                 | No            |                  2 | On Loan: No      |
| SOHO TRUST 2021-SOHO                                                         | SOHO TRUST 2021 SOHO SOHO 2021 SOHO C 144A                    | CUSIP: 83410JAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6400000 | PA      | $4982376.96    | 0.12%             | 2038-08-10      | Variable      | 2.70%                 | No            |                  2 | On Loan: No      |
| SUMMER STREET LTD 2005-1A                                                    | SUMMER STREET LTD SMSTR 2005 1A A1 144A                       | CUSIP: 86565MAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     45954305 | PA      | $9461302.00    | 0.22%             | 2045-12-06      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT KWD SOLD USD 20260630                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-600.89       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EGYPTIAN GOVT                                                                | EGYPT TREASURY BILL BILLS 08/26 0.00000                       | CUSIP: ACI3134R8<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      1000000 | PA      | $16871.26      | 0.00%             | 2026-08-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SABINE RE LTD                                                                | SABINE RE LTD UNSECURED 144A 04/31 VAR                        | CUSIP: 785628AA6<br>LEI: 254900FU1Z2XK88D3602 | Long             | DBT              | CORP              | BM        |       400000 | PA      | $412640.00     | 0.01%             | 2031-04-07      | Floating      | 12.04%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD GBP BOUGHT USD 20260505                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |            1 | NC      | $766216.58     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CARLYLE GLOBAL MARKET STRATEGIES CLO LTD 2014-1A                             | CARLYLE GLOBAL MARKET STRATEGI CGMS 2014 1A INC 144A          | CUSIP: 14311CAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2900000 | PA      | $30740.00      | 0.00%             | 2031-04-17      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| CSMC SERIES 2014-2R                                                          | CREDIT SUISSE MORTGAGE TRUST CSMC 2014 2R 28A2 144A           | CUSIP: 12648ELY6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1139166 | PA      | $994163.85     | 0.02%             | 2037-06-27      | Variable      | 7.54%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2020-LOOP               | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2020 LOOP F 144A         | CUSIP: 46651WAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1146000 | PA      | $178861.15     | 0.00%             | 2038-12-05      | Variable      | 3.86%                 | No            |                  2 | On Loan: No      |
| ARGENTINA GOVT                                                               | REPUBLIC OF ARGENTINA SR UNSECURED 07/29 1                    | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |       664128 | PA      | $584349.45     | 0.01%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY ABS CAPITAL I 2004-WMC2                                       | MORGAN STANLEY CAPITAL INC MSAC 2004 WMC2 M2                  | CUSIP: 61746RHT1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        14718 | PA      | $14705.17      | 0.00%             | 2034-07-25      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EUR SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-22319.39     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| US RENAL CARE INC                                                            | U S RENAL CARE INC 2025 DELAYED DRAW TERM LOAN                | CUSIP: BA000SL28<br>LEI: 54930058SS5MF69JGN89 | Long             | LON              | CORP              | US        |      5032500 | PA      | $5127020.92    | 0.12%             | 2030-09-25      | Floating      | 9.68%                 | No            |                  3 | On Loan: No      |
| ALLY BANK AUTO CREDIT-LINKED NOTES SERIES 2024-B                             | ALLY BANK AUTO CREDIT LINKED N ABCLN 2024 B E 144A            | CUSIP: 02007G4F7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       306141 | PA      | $307951.22     | 0.01%             | 2032-09-15      | Fixed         | 6.68%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY ABS CAPITAL I 2006-HE1                                        | MORGAN STANLEY CAPITAL INC MSAC 2006 HE1 M1                   | CUSIP: 617451DS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3698000 | PA      | $3155723.80    | 0.07%             | 2036-01-25      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| IHEARTMEDIA INC                                                              | IHEARTMEDIA INC   CLASS A COMMON STOCK                        | CUSIP: 45174J509<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       171118 | NS      | $499664.56     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |     -1756302 | PA      | $-2033938.36   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -2268588 | PA      | $-2285948.81   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| HOUT BAY 2006-1                                                              | HOUT BAY HOUT 2006 1A B 144A                                  | CUSIP: 442451AC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      3290000 | PA      | $329.00        | 0.00%             | 2041-07-05      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| MLCC MORTGAGE INVESTORS INC 2004-C                                           | MLCC MORTGAGE INVESTORS INC MLCC 2004 C B2                    | CUSIP: 59020UDT9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         7317 | PA      | $4490.33       | 0.00%             | 2029-07-25      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| COLLEGE AVE STUDENT LOANS LLC 2024-A                                         | COLLEGE AVE STUDENT LOANS CASL 2024 A D 144A                  | CUSIP: 19424RAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3989000 | PA      | $4214277.18    | 0.10%             | 2054-06-25      | Fixed         | 8.66%                 | No            |                  2 | On Loan: No      |
| ARIMA MORTGAGES PLC 2A                                                       | ARIMA MORTGAGES PLC ARIMA 2A R 144A                           | CUSIP: ACI2VMHK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      1900000 | PA      | $2289501.57    | 0.05%             | 2056-07-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ASSET BACKED SECURITIES TRUST 2005-HE12                         | BEAR STEARNS ASSET BACKED SECU BSABS 2005 HE12 M4             | CUSIP: 0738795T1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       799246 | PA      | $805946.67     | 0.02%             | 2035-12-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2026-NQM2                                | GS MORTGAGE BACKED SECURITIES GSMBS 2026 NQM2 B3 144A         | CUSIP: 362972AL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3163766 | PA      | $2767772.28    | 0.07%             | 2061-11-25      | Variable      | 7.60%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -15349500 | PA      | $-15451170.48  | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| DATABRICKS INC                                                               | DATABRICKS INC 2025 1ST AMENDMENT TERM LOAN                   | CUSIP: 23803RAE1<br>LEI: 984500FEDAC7FBD96273 | Long             | LON              | CORP              | US        |      7450873 | PA      | $7413618.99    | 0.17%             | 2032-01-05      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| NEW CENTURY HOME EQUITY LOAN TR 2005-C                                       | NEW CENTURY HOME EQUITY LOAN T NCHET 2005 C M2                | CUSIP: 64352VPA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       573357 | PA      | $517847.35     | 0.01%             | 2035-12-25      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| ALAMO RE LTD                                                                 | ALAMO RE LTD UNSECURED 144A 06/27 VAR                         | CUSIP: 011395AP5<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |       950000 | PA      | $984675.00     | 0.02%             | 2027-06-07      | Floating      | 11.94%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EUR SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $10521.69      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -11125443 | PA      | $-11192072.04  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| EVERGLADES RE II LTD                                                         | EVERGLADES RE II LTD SR UNSECURED 144A 05/31 VAR              | CUSIP: 30014LAN4<br>LEI: 5493000EE11S6ONK0372 | Long             | DBT              | CORP              | BM        |       500000 | PA      | $507750.00     | 0.01%             | 2031-05-13      | Floating      | 15.03%                | No            |                  2 | On Loan: No      |
| AMSURG LLC                                                                   | ENVISION HEALTHCARE CORPORTION 2023 LAST OUT TERM LOAN        | CUSIP: 949ABFII9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     68326092 | PA      | $70375874.77   | 1.66%             | 2028-09-15      | Fixed         | 11.64%                | No            |                  3 | On Loan: No      |
| FAIRFAX INDIA HOLDINGS CORPORATION                                           | FAIRFAX INDIA HOLDINGS SR UNSECURED 144A 02/28 5              | CUSIP: 303897AA0<br>LEI: 549300K2JHXU7AX7CV78 | Long             | DBT              | CORP              | CA        |     12400000 | PA      | $11837482.93   | 0.28%             | 2028-02-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ASTON BIDCO (HOLDING) LIMITED                                                | ASTON XLN TOPCO LIMITED 2025 GBP TERM LOAN                    | CUSIP: BA000N1C9<br>LEI: 254900476AM2MRUEVQ86 | Long             | LON              | CORP              | JE        |      6700000 | PA      | $8594433.19    | 0.20%             | 2032-07-30      | Floating      | 9.85%                 | No            |                  3 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2021-RPL1                                | GS MORTGAGE BACKED SECURITIES GSMBS 2021 RPL1 AIOS 144A       | CUSIP: 36261WAQ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     76143880 | PA      | $610460.72     | 0.01%             | 2060-12-25      | Variable      | 0.17%                 | No            |                  2 | On Loan: No      |
| IHEARTMEDIA INC                                                              | IHEARTMEDIA INC   CLASS B COMMON STOCK                        | CUSIP: 45174J608<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       132822 | NS      | $341299.41     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| ADLER GROUP SA                                                               | ADLER GROUP SA   VTG SHS COMMON STOCK                         | CUSIP: ACI2RMKR2<br>LEI: 391200OYYFJ3DWAMEC69 | Long             | EP               | CORP              | LU        |      7118576 | NS      | $8.23          | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CREDIT SUISSE GROUP AG                                                       | CS AT1 CLAIMS US225401AK46 CREDIT SUISSE GROUP AG             | CUSIP: 952NPK908<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | US        |       200000 | PA      | $70000.00      | 0.00%             | 2060-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BWAY MORTGAGE TRUST 2021-1450                                                | BWAY MORTGAGE TRUST BWAY 2021 1450 F 144A                     | CUSIP: 12430YAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6611000 | PA      | $5514873.72    | 0.13%             | 2036-09-15      | Floating      | 8.64%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260521                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-158302.36    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BBCCRE TRUST 2015-GTP                                                        | BBCCRE TRUST BBCCR 2015 GTP F 144A                            | CUSIP: 05490TAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3660000 | PA      | $2690563.36    | 0.06%             | 2033-08-10      | Variable      | 4.56%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -19314332 | PA      | $-19556297.66  | -0.46%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -5246240 | PA      | $-5259862.75   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| VENEZUELAN GOVT                                                              | REPUBLIC OF VENEZUELA SR UNSECURED 09/27 9.25                 | CUSIP: 922646AS3<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |      5465000 | PA      | $2623200.00    | 0.06%             | 2027-09-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | YAHOO (AKA: AP CORE HOLDI TL TRS BKL BPS                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $56705.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD ZAR BOUGHT USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |            1 | NC      | $2196.51       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PARK PLACE SECURITIES INC 2005-WCH1                                          | PARK PLACE SECURITIES INC PPSI 2005 WCH1 M6                   | CUSIP: 70069FFN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1730000 | PA      | $1480525.70    | 0.03%             | 2035-01-25      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD KWD BOUGHT USD 20290502                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $172281.51     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GC PASTOR HIPOTECARIO FTA 5                                                  | PASTOR GC HIPOTECARIO GCPAS 5 A2 REGS                         | CUSIP: 997AAZII7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | ES        |      2009972 | PA      | $2160285.96    | 0.05%             | 2046-06-21      | Floating      | 2.28%                 | No            |                  2 | On Loan: No      |
| TORREY PINES RE LTD                                                          | TORREY PINES RE LTD UNSECURED 144A 06/32 VAR                  | CUSIP: 89141WAH5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       800000 | PA      | $827160.00     | 0.02%             | 2032-06-07      | Floating      | 9.59%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS (1261229 BC LTD)                                           | BAUSCH HEALTH COMPANIES INC 2025 TERM LOAN B                  | CUSIP: C6903HAB0<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |      7538025 | PA      | $7295112.20    | 0.17%             | 2030-10-08      | Floating      | 9.92%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -7757758 | PA      | $-7895901.77   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.75000 06/20/24-5Y CME                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $-170092.27    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -14506782 | PA      | $-14600270.03  | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| RCKT TRUST 2025-2A                                                           | RCKT TRUST RCKTL 2025 2A E 144A                               | CUSIP: 74939HAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1600000 | PA      | $1570715.84    | 0.04%             | 2034-11-27      | Fixed         | 7.83%                 | No            |                  2 | On Loan: No      |
| BRIDGEGATE FUNDING PLC 2023-1A                                               | BRIDGEGATE FUNDING PLC BRGTE 2023 1A R 144A                   | CUSIP: ACI2C6QT3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |     13289000 | PA      | $3590632.34    | 0.08%             | 2062-10-16      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| NOVASTAR HOME EQUITY LOAN 2005-3                                             | NOVASTAR HOME EQUITY LOAN NHEL 2005 3 M4                      | CUSIP: 66987XHA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4500000 | PA      | $3886041.60    | 0.09%             | 2036-01-25      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO PARIBAS                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1841318 | PA      | $-1844826.98   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| STEENBOK LUX FINCO 2 SARL                                                    | STEENBOK LUX FINCO 2 SARL EUR 2ND LIEN PIK TERM LOAN A2       | CUSIP: 948FWKII5<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |     85479176 | PA      | $30282544.62   | 0.71%             | 2028-12-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO THE BANK OF NOVA REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -16107755 | PA      | $-16161603.75  | -0.38%            |  |  |  | No            |                  2 | On Loan: No      |
| BEAR STEARNS ABS INC 2004-HE10                                               | BEAR STEARNS ASSET BACKED SECU BSABS 2004 HE10 M6             | CUSIP: 073879MW5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       393109 | PA      | $507120.71     | 0.01%             | 2034-12-25      | Floating      | 8.44%                 | No            |                  2 | On Loan: No      |
| PROMOTORA DE INFORMACIONES SA (PRISA)                                        | PROMOTORA DE INFORMACIONES SA 2025 EUR 1ST LIEN TERM LOAN     | CUSIP: BA000KZZ7<br>LEI: 959800U3NGPXSCQHQW54 | Long             | LON              | CORP              | ES        |     95599562 | PA      | $108012551.92  | 2.55%             | 2029-12-31      | Floating      | 7.50%                 | No            |                  3 | On Loan: No      |
| EUROSAIL PLC 2007-3X                                                         | EUROSAIL PLC ESAIL 2007 3X D1A REGS                           | CUSIP: ACI01VU93<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      5421236 | PA      | $6108456.46    | 0.14%             | 2045-06-13      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -22219312 | PA      | $-22303616.28  | -0.53%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -8901944 | PA      | $-8923649.86   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                           | TREASURY BILL 04/26 0.00000                                   | CUSIP: 912797TH0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      6662000 | PA      | $6653279.25    | 0.16%             | 2026-04-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -11674814 | PA      | $-11707471.33  | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR GBP SONIO/0.75000 09/21/22-30Y LCH                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |            1 | NC      | $15004165.90   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| SVF II FINCO (CAYMAN) LP                                                     | SOFTBANK VISION FUND II TRANCHE B1 TERM LOAN                  | CUSIP: BA000KP88<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |     11651904 | PA      | $11846490.83   | 0.28%             | 2029-04-25      | Floating      | 7.35%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | SOLD HKD BOUGHT USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | HK        |            1 | NC      | $16554.72      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TERWIN MORTGAGE TRUST 2005-12AL                                              | TERWIN MORTGAGE TRUST TMTS 2005 12AL M1                       | CUSIP: 881561WE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       435064 | PA      | $327703.91     | 0.01%             | 2036-07-25      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5140                                                      | FREDDIE MAC FHR 5140 JI                                       | CUSIP: 3137H24K7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      3114635 | PA      | $700373.58     | 0.02%             | 2050-12-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KRONOS FUNDING                                                               | KRONOS CLASS F PLACEHODER 144A 2938479A9                      | CUSIP: 990ADDMU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7276000 | PA      | $5884245.85    | 0.14%             | 2026-04-15      | Floating      | 7.98%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260417                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $-23423.34     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FBR SECURITIZATION TRUST 2005 2                                              | FBR SECURITIZATION TRUST FBRSI 2005 2 M4                      | CUSIP: 30246QAK9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1800000 | PA      | $1640768.58    | 0.04%             | 2035-09-25      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |    -22339758 | PA      | $-25862786.75  | -0.61%            |  |  |  | No            |                  2 | On Loan: No      |
| MARGATE FUNDING LTD                                                          | MARGATE FUNDING LTD MGATE 2004 1A A1S 144A                    | CUSIP: 56659NAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     30325421 | PA      | $5009880.90    | 0.12%             | 2044-12-04      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| BONANZA RE LTD                                                               | BONANZA RE LTD UNSECURED 144A 01/27 VAR                       | CUSIP: 09785EAR2<br>LEI: 5493003F0CXUQ2C83105 | Long             | DBT              | CORP              | BM        |       950000 | PA      | $806075.00     | 0.02%             | 2027-01-08      | Floating      | 3.66%                 | No            |                  2 | On Loan: No      |
| LONG BEACH MTGE LOAN TRUST 2004-5                                            | LONG BEACH MORTGAGE LOAN TRUST LBMLT 2004 5 M5                | CUSIP: 542514HH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        64165 | PA      | $68945.26      | 0.00%             | 2034-09-25      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                           | TREASURY BILL 04/26 0.00000                                   | CUSIP: 912797SM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      1300000 | PA      | $1297120.41    | 0.03%             | 2026-04-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GREENE KING FINANCE PLC                                                      | GREENE KING FINANCE PLC SECURED REGS 03/36 VAR                | CUSIP: B14551II6<br>LEI: 213800QIJMYMW6TSBG41 | Long             | DBT              | CORP              | GB        |       200000 | PA      | $246545.51     | 0.01%             | 2036-03-15      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| ARMOR RE II LTD                                                              | ARMOR RE II LTD UNSECURED 144A 01/32 VAR                      | CUSIP: 04227FAF2<br>LEI: 549300X573KDIHEJL317 | Long             | DBT              | CORP              | BM        |       500000 | PA      | $530150.00     | 0.01%             | 2032-01-07      | Floating      | 12.04%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD CNH BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |            1 | NC      | $59387.26      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CSMC SERIES 2011-5R                                                          | CREDIT SUISSE MORTGAGE TRUST CSMC 2011 5R 6A7 144A            | CUSIP: 12645LCB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3302036 | PA      | $3189644.31    | 0.08%             | 2037-11-27      | Variable      | 4.19%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -834352 | PA      | $-843620.26    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -6957923 | PA      | $-6971925.82   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| ADJUSTABLE RATE MORTAGE TRUST 2005-7                                         | ADJUSTABLE RATE MORTGAGE TRUST ARMT 2005 7 7M1                | CUSIP: 007036NH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1434199 | PA      | $1323007.76    | 0.03%             | 2035-10-25      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT KWD SOLD USD 20260602                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-764.27       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AMS-OSRAM AG                                                                 | AMS OSRAM AG SR UNSECURED 144A 03/29 12.25                    | CUSIP: 03217CAB2<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |     11080000 | PA      | $11794283.28   | 0.28%             | 2029-03-30      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| PALM RE LTD                                                                  | PALM RE LTD UNSECURED 144A 06/32 VAR                          | CUSIP: 69664FAB4<br>LEI: 984500D3C66DA10DAP11 | Long             | DBT              | CORP              | BM        |       700000 | PA      | $721630.00     | 0.02%             | 2032-06-07      | Floating      | 11.27%                | No            |                  2 | On Loan: No      |
| ENVALIOR FINANCE GMBH                                                        | ENVALIOR FINANCE GMBH USD TERM LOAN B1                        | CUSIP: D255LZAC9<br>LEI: 254900GAG6U7Z5TROP43 | Long             | LON              | CORP              | DE        |     45896947 | PA      | $40389542.47   | 0.95%             | 2030-04-01      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | JPM CHASE REVERSE REPO GBP ZCP                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |      -986364 | PA      | $-1309930.54   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| UNICORN BAY (HONG KONG) INVESTMENTS LIMITED                                  | UNICORN BAY HKD FIXED TERM LOAN A                             | CUSIP: BA00077Z7<br>LEI: N/A                  | Long             | LON              | CORP              | HK        |    156479227 | PA      | $20205480.94   | 0.48%             | 2026-12-31      | Fixed         | 13.00%                | No            |                  3 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MIZUHO SECURITIES                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -128317375 | PA      | $-128556900.77 | -3.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD CNH BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |            1 | NC      | $7.93          | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUNDVIEW HOME EQUITY LOAN TR 2006-OPT3                                      | SOUNDVIEW HOME EQUITY LOAN TRU SVHE 2006 OPT3 M1              | CUSIP: 83611MPK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10074564 | PA      | $9059524.27    | 0.21%             | 2036-06-25      | Floating      | 4.26%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -4760275 | PA      | $-4772545.98   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2006-3                                         | COUNTRYWIDE ASSET BACKED CERTI CWL 2006 3 M3                  | CUSIP: 126670WE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4412143 | PA      | $4157507.74    | 0.10%             | 2036-06-25      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -5978733 | PA      | $-6014605.83   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| TITULIZACION DE ACTIVOS 27                                                   | TITULIZACION DE ACTIVOS TDA 27 A3 REGS                        | CUSIP: E9053PAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | ES        |     10392312 | PA      | $10907970.52   | 0.26%             | 2050-12-28      | Floating      | 2.33%                 | No            |                  2 | On Loan: No      |
| ENCORE CREDIT RECEIVABLES TR 2005-1                                          | ENCORE CREDIT RECEIVABLES TRUS ECR 2005 1 M5                  | CUSIP: 126673VT6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       231591 | PA      | $207920.37     | 0.00%             | 2035-07-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260407                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $-239.39       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD GBP BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |            1 | NC      | $4570.54       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | PETROLEOS MEXICANOS (PEMEX) LA SP MYC                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |            1 | NC      | $-2864.18      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BLUE RIDGE RE LTD                                                            | BLUE RIDGE RE LTD UNSECURED 144A 01/29 VAR                    | CUSIP: 096003AE8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       250000 | PA      | $246350.00     | 0.01%             | 2029-01-08      | Floating      | 11.51%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1298800 | PA      | $-1298824.79   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| AVOCA CLO XIII  13X                                                          | AVOCA CLO AVOCA 13X SUB REGS                                  | CUSIP: ACI0B8BB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |      2250000 | PA      | $872432.45     | 0.02%             | 2034-04-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF AMERICA REVERSE REPO                     | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -3222862 | PA      | $-3225028.98   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| KEYCORP STUDENT LOAN TRUST 2003-A                                            | KSLT 2003 A R SUB KSLT 2003 A R SUB                           | CUSIP: 933RCTII9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       100000 | PA      | $9752381.30    | 0.23%             | 2050-01-01      | Fixed         | 2.96%                 | No            |                  3 | On Loan: No      |
| PANAMA INFRASTRUCTURE RECEIVABLE PURCHASER PLC                               | PANAMA INFRASTRUCTURE SR SECURED 144A 04/32 0.00000           | CUSIP: 69828QAD9<br>LEI: 213800QSH7EDGMUDJW25 | Long             | DBT              | CORP              | GB        |      8059000 | PA      | $6310519.36    | 0.15%             | 2032-04-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NIGERIA GOVT                                                                 | YI4360503 NIGERIA OMO BILL                                    | CUSIP: 990ACHTR0<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |  47099000000 | PA      | $29602447.14   | 0.70%             | 2027-01-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TURKEY GOVT                                                                  | TURKIYE GOVERNMENT BOND BONDS 05/26 VAR                       | CUSIP: ACI2Q1SN0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |      1100000 | PA      | $24753.93      | 0.00%             | 2026-05-20      | Floating      | 39.64%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/1.75000 06/15/22-30Y LCH                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $22198689.78   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| TURKEY GOVT                                                                  | TURKIYE GOVERNMENT BOND BONDS 09/28 VAR                       | CUSIP: ACI2R3GV0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    778100000 | PA      | $17439469.04   | 0.41%             | 2028-09-06      | Fixed         | 39.28%                | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                                                  | MCAFEE LLC 2024 USD 1ST LIEN TERM LOAN B                      | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |      2387909 | PA      | $2140163.73    | 0.05%             | 2029-03-01      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| ACACIA CDO LTD 5A                                                            | ACACIA CDO LTD ACCDO 5A B 144A                                | CUSIP: 00388EAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     27881649 | PA      | $6006683.06    | 0.14%             | 2039-11-08      | Floating      | 7.60%                 | No            |                  2 | On Loan: No      |
| NATIXIS COMMERCIAL MORTGAGE SECURITIES TRUST 2022-RRI                        | NATIXIS COMMERCIAL MORTGAGE SE NCMS 2022 RRI E 144A           | CUSIP: 63875JAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2468699 | PA      | $2473977.09    | 0.06%             | 2035-03-15      | Floating      | 8.87%                 | No            |                  2 | On Loan: No      |
| LEHMAN XS TRUST 2005-2                                                       | LEHMAN XS TRUST LXS 2005 2 1M1                                | CUSIP: 86359DMR5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7494433 | PA      | $7519122.54    | 0.18%             | 2035-08-25      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| AEGIS ASSET BACKED SEC TR 2004-6                                             | AEGIS ASSET BACKED SECURITIES AABST 2004 6 B1                 | CUSIP: 00764MEA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5100000 | PA      | $1129704.06    | 0.03%             | 2035-03-25      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| LUCA RE LTD                                                                  | LUCA RE LTD UNSECURED 144A 07/31 VAR                          | CUSIP: 54930CAA3<br>LEI: 2549001YET1TWKCC6Y26 | Long             | DBT              | CORP              | BM        |      1700000 | PA      | $1751935.00    | 0.04%             | 2031-07-22      | Floating      | 10.80%                | No            |                  2 | On Loan: No      |
| SG RESIDENTIAL MORTGAGE TRUST 2020-2                                         | SG CAPITAL PARTNERS SGR 2020 2 B3 144A                        | CUSIP: 81882JAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5142802 | PA      | $3743187.41    | 0.09%             | 2065-05-25      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT KWD SOLD USD 20260707                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-1558.12      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MARINE ONE HOLDCO LLC                                                        | WEST MARINE NEW COMMON STOCK EQTYWM9A9                        | CUSIP: 902LVFII8<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         3579 | NS      | $22611.30      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.75000 06/20/24-10Y CME                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $-6876.71      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO CREDIT AGRICOLE 03/14 VAR                        | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -217760 | PA      | $-217760.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2021-RPL1                                | GS MORTGAGE BACKED SECURITIES GSMBS 2021 RPL1 B 144A          | CUSIP: 36261WAP2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20530968 | PA      | $13912627.91   | 0.33%             | 2060-12-25      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MTGE LOAN TRUST INC 2005-12                                        | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2005 12 2A3 144A          | CUSIP: 17307GY85<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2960409 | PA      | $2632490.89    | 0.06%             | 2035-08-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| URSA RE II LTD                                                               | URSA RE II LTD UNSECURED 144A 06/28 VAR                       | CUSIP: 91734PAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      1200000 | PA      | $1211580.00    | 0.03%             | 2028-06-07      | Floating      | 11.41%                | No            |                  2 | On Loan: No      |
| ECAF I LTD 2015-1A                                                           | ECAF LTD ECAF 2015 1A A1 144A                                 | CUSIP: 26827EAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      1413097 | PA      | $1269351.06    | 0.03%             | 2040-06-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| PARK PLACE SECURITIES INC 2005-WCW2                                          | PARK PLACE SECURITIES INC PPSI 2005 WCW2 M4                   | CUSIP: 70069FLK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       400000 | PA      | $358857.72     | 0.01%             | 2035-07-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| NEWFOLD DIGITAL HOLDINGS GROUP INC                                           | NEWFOLD DIGITAL HLDGS GRP INC. 2025 TRANCHE A TERM LOAN       | CUSIP: 65131PAC3<br>LEI: 549300UTQC2651SB0W88 | Long             | LON              | CORP              | US        |     20365142 | PA      | $15011960.62   | 0.35%             | 2029-04-30      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1012200 | PA      | $-1015259.26   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BBCCRE TRUST 2015-GTP                                                        | BBCCRE TRUST BBCCR 2015 GTP E 144A                            | CUSIP: 05490TAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     12300000 | PA      | $9871250.61    | 0.23%             | 2033-08-10      | Variable      | 4.56%                 | No            |                  2 | On Loan: No      |
| HOUT BAY 2006-1                                                              | HOUT BAY HOUT 2006 1A A1 144A                                 | CUSIP: 442451AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     13905445 | PA      | $2176188.22    | 0.05%             | 2041-07-05      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2006-AR9                                                   | WAMU MORTGAGE PASS THROUGH CER WAMU 2006 AR9 2A1B             | CUSIP: 93363DAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6324157 | PA      | $5133038.48    | 0.12%             | 2046-08-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| MASTR ASSET BACKED SECURIT TR 2003-OPT1                                      | MASTR ASSET BACKED SECURITIES MABS 2003 OPT1 M4               | CUSIP: 57643LAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       443716 | PA      | $352448.71     | 0.01%             | 2032-12-25      | Floating      | 9.64%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260430                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $-14844.92     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSI ASSET SEC CORP TRUST 2006-OPT2                                           | HSI ASSET SECURITIZATION CORPO HASC 2006 OPT2 M5              | CUSIP: 40430HEE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     24675000 | PA      | $18761029.25   | 0.44%             | 2036-01-25      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| C-BASS LTD 18A                                                               | C BASS LTD CBCL 18A A2 144A                                   | CUSIP: 1248MMAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     31296933 | PA      | $2347.27       | 0.00%             | 2047-03-13      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| CERBA HEALTHCARE (CHROME BIDCO)                                              | CERBA HEALTHCARE SAS 2021 EUR TERM LOAN B                     | CUSIP: 937NEWII5<br>LEI: 9845000C1FYE89DC8677 | Long             | LON              | CORP              | FR        |     32903208 | PA      | $28122726.67   | 0.66%             | 2028-06-30      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| GATEWAY CASINOS & ENTERTAINMENT LIMITED                                      | GATEWY CSINS + ENTRTINMNT LTD 2024 TERM LOAN B                | CUSIP: BA000DCX3<br>LEI: 549300JSKBQMMD1B3U44 | Long             | LON              | CORP              | CA        |     39792951 | PA      | $39892433.26   | 0.94%             | 2030-12-18      | Floating      | 9.94%                 | No            |                  2 | On Loan: No      |
| ACCREDITED MORTGAGE LOAN TRUST 2007-1                                        | ACCREDITED MORTGAGE LOAN TRUST ACCR 2007 1 M3                 | CUSIP: 00438QAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5235000 | PA      | $4654960.95    | 0.11%             | 2037-02-25      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| BBCCRE TRUST 2015-GTP                                                        | BBCCRE TRUST BBCCR 2015 GTP B 144A                            | CUSIP: 05490TAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3000000 | PA      | $2695601.70    | 0.06%             | 2033-08-10      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                                 | UKRAINE GOVERNMENT SR UNSECURED 144A 02/36 VAR                | CUSIP: 903724CC4<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      1575161 | PA      | $812783.08     | 0.02%             | 2036-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| ALBA PLC 2006-2                                                              | ALBA FRN 15DEC38 GBP                                          | CUSIP: B1HMYZII8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |          100 | PA      | $457788.13     | 0.01%             | 2038-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TDA FTA 28                                                                   | TITULIZACION DE ACTIVOS TDA 28 A REGS                         | CUSIP: B241Q4II4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | ES        |     21162353 | PA      | $13397432.22   | 0.32%             | 2050-10-28      | Floating      | 2.24%                 | No            |                  2 | On Loan: No      |
| FUTBOL CLUB BARCELONA SL                                                     | ESPAI BRCA FNDO DE TITULZACION EUR TERM LOAN                  | CUSIP: 948FVAII8<br>LEI: 95980020140005871781 | Long             | LON              | CORP              | ES        |     14202521 | PA      | $17980151.43   | 0.42%             | 2028-05-31      | Fixed         | 5.23%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | SOLD EUR BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $59705.41      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NIGERIA GOVT                                                                 | YI4360529 NIGERIA OMO BILL                                    | CUSIP: 990ACHUB3<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | US        |  47260300000 | PA      | $29613883.62   | 0.70%             | 2027-01-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -2623628 | PA      | $-2623965.62   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| NGD HOLDINGS BV                                                              | NGD HOLDINGS BV SR SECURED 12/26 6.75                         | CUSIP: ACI1XVPP6<br>LEI: 984500ED2ABF0UF46690 | Long             | DBT              | CORP              | NL        |       891821 | PA      | $831622.91     | 0.02%             | 2026-12-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CDK GLOBAL (CENTRAL PARENT LLC)                                              | CENTRAL PARENT INC 2024 TERM LOAN B                           | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     49485775 | PA      | $35448640.06   | 0.84%             | 2029-07-06      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2005-BC1                                       | COUNTRYWIDE ASSET BACKED CERTI CWL 2005 BC1 M6                | CUSIP: 126673YP1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       135900 | PA      | $134882.20     | 0.00%             | 2035-05-25      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ABS INC 2004-HE7                                                | BEAR STEARNS ASSET BACKED SECU BSABS 2004 HE7 M2              | CUSIP: 073879EV6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        10882 | PA      | $10780.14      | 0.00%             | 2034-08-25      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD CHF BOUGHT USD 20260504                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |            1 | NC      | $3595.49       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MICHIGAN TOBACCO SETTLEMENT FINANCE AUTHORITY                                | MICHIGAN ST TOBACCO SETTLEMENT MISGEN 06/46 ZEROCPNOID 0      | CUSIP: 594751AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     43500000 | PA      | $5914816.80    | 0.14%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260409                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $-32607.08     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -7294556 | PA      | $-7342035.86   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -17809953 | PA      | $-17862412.81  | -0.42%            |  |  |  | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2025-2                            | FREDDIE MAC   SCRT SCRT 2025 2 M 144A                         | CUSIP: 35563VCH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4900000 | PA      | $4142579.56    | 0.10%             | 2065-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                               | TITULOS DE TESORERIA BONDS 11/40 12.75                        | CUSIP: ACI2WQVJ3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1670000000 | PA      | $442633.08     | 0.01%             | 2040-11-28      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD JPY BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |            1 | NC      | $-104671.81    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO GOLDMAN                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -5697833 | PA      | $-5776648.71   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO PARIBAS                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -108063962 | PA      | $-108995713.48 | -2.57%            |  |  |  | No            |                  2 | On Loan: No      |
| BAYOU RE LTD                                                                 | BAYOU RE LTD UNSECURED 144A 04/31 VAR                         | CUSIP: 07304LAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       400000 | PA      | $430120.00     | 0.01%             | 2031-04-30      | Floating      | 22.02%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | FINANCIAL KETTERING REPU USD ANZBANK FIN KETTERING REPU USD   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -3146766 | PA      | $-3166695.52   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY ABS CAPITAL I 2004-WMC2                                       | MORGAN STANLEY CAPITAL INC MSAC 2004 WMC2 B3                  | CUSIP: 61746RHX2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       549617 | PA      | $549308.96     | 0.01%             | 2034-07-25      | Floating      | 9.04%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT GBP SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |            1 | NC      | $-190287.07    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -2523272 | PA      | $-2530197.43   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO CREDIT AGRICOLE 03/14 VAR                        | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1605189 | PA      | $-1606906.90   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| TERWIN MTGE TRUST 2006-5                                                     | TERWIN MORTGAGE TRUST TMTS 2006 5 1M1 144A                    | CUSIP: 8815612H6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11299085 | PA      | $10777907.21   | 0.25%             | 2037-07-25      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| BANC OF AMERICA FUNDING CORP 2006-4                                          | BANC OF AMERICA FUNDING CORPOR BAFC 2006 4 A12                | CUSIP: 05950FAM7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1649535 | PA      | $1315653.54    | 0.03%             | 2036-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ASSET BACKED FUNDING CERT 2005-HE1                                           | ASSET BACKED FUNDING CERTIFICA ABFC 2005 HE1 M6               | CUSIP: 04542BKX9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       117016 | PA      | $92742.58      | 0.00%             | 2035-03-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| ACE SECURITIES CORP HOME EQUITY LOAN TRUST SERIES 2005-HE3                   | ACE SECURITIES CORP. ACE 2005 HE3 M5                          | CUSIP: 004421NG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       297237 | PA      | $244216.76     | 0.01%             | 2035-05-25      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.75000 12/17/25-20Y LCH                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $1622000.87    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -34888539 | PA      | $-35021114.94  | -0.83%            |  |  |  | No            |                  2 | On Loan: No      |
| STEPSTONE GROUP MIDCO 2 GMBH                                                 | STEPSTNE GRUP MDCO 2 GMBH THE USD TERM LOAN                   | CUSIP: BA000BVC2<br>LEI: 894500DB5T5ENCFFQU61 | Long             | LON              | CORP              | US        |     31084177 | PA      | $27354075.99   | 0.65%             | 2031-12-19      | Floating      | 8.20%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260508                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-12922.08     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BCP TRUST 2021-330N                                                          | BCP TRUST BCP 2021 330N A 144A                                | CUSIP: 05553BAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       800000 | PA      | $729276.64     | 0.02%             | 2038-06-15      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -29404019 | PA      | $-29668949.27  | -0.70%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -25346459 | PA      | $-25421512.68  | -0.60%            |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2007-11                                        | COUNTRYWIDE ASSET BACKED CERTI CWL 2007 11 2M1                | CUSIP: 23247LAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     26400000 | PA      | $20809617.78   | 0.49%             | 2047-06-25      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2019-3                            | FREDDIE MAC   SCRT SCRT 2019 3 BXS                            | CUSIP: 35563PMB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3177638 | PA      | $1447479.74    | 0.03%             | 2058-10-25      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2017-ASHF                                     | MORGAN STANLEY CAPITAL I TRUST MSC 2017 ASHF E 144A           | CUSIP: 61691KAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     21060000 | PA      | $20833876.67   | 0.49%             | 2034-11-15      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| MERRILL LYNCH MORTGAGE INVEST TR 2005-FM1                                    | MERRILL LYNCH MORTGAGE INVESTO MLMI 2005 FM1 M2               | CUSIP: 59020UC37<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4300593 | PA      | $3673877.10    | 0.09%             | 2036-05-25      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| VOUSSOIR RE LTD                                                              | WAFC VOUSSOIR WAFC VOUSSOIR                                   | CUSIP: 957IQY903<br>LEI: 549300XW5WDY1508DB60 | Long             | EP               | CORP              | US        |     20772390 | NS      | $20772390.00   | 0.49%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1512587 | PA      | $-1523795.16   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                                 | ECOPETROL SA 2022 TERM LOAN                                   | CUSIP: BA000WS06<br>LEI: 254900IDGKCJICKBPA66 | Long             | LON              | CORP              | US        |     10000000 | PA      | $9900000.00    | 0.23%             | 2027-12-18      | Floating      | 5.72%                 | No            |                  3 | On Loan: No      |
| DEUTSCHE MORTGAGE SECURITIES INC RE-REMIC TRUST CERTIFICATES SERIES 2007-RS8 | DEUTSCHE MORTGAGE SECURITIES, DMSI 2007 RS8 3A1 144A          | CUSIP: 25156WAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3087088 | PA      | $2275031.85    | 0.05%             | 2036-09-28      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2017-CHOP                        | CREDIT SUISSE MORTGAGE TRUST CSMC 2017 CHOP F 144A            | CUSIP: 12651QAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     22329200 | PA      | $22285917.08   | 0.53%             | 2032-07-15      | Floating      | 8.04%                 | No            |                  2 | On Loan: No      |
| WHLN 2024-ACRA-FF1                                                           | WHLN 2024 ACRA FF1 WHLNPL580                                  | CUSIP: 953WCNII6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |       294720 | PA      | $293454.97     | 0.01%             | 2027-03-01      | Fixed         | 9.50%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260429                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $5136.20       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFRF USD SF+26.161/3.00 9/19/23-6Y* CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $-1122951.75   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| CITICORP RESIDENTIAL MORTGAGE SEC 2006-1                                     | CITICORP RESIDENTIAL MORTGAGE CRMSI 2006 1 M1                 | CUSIP: 17309NAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       203592 | PA      | $202711.35     | 0.00%             | 2036-07-25      | Variable      | 6.61%                 | No            |                  2 | On Loan: No      |
| HARVEST CLO XV DAC 15A                                                       | HARVEST CLO HARVT 15A SUB 144A                                | CUSIP: ACI13DPQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |      2000000 | PA      | $78366.64      | 0.00%             | 2029-05-22      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -5511126 | PA      | $-5511850.13   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| INTEGRITY RE LTD                                                             | INTEGRITY RE LTD SR UNSECURED 144A 06/26 VAR                  | CUSIP: 45833UAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      1750000 | PA      | $1801625.00    | 0.04%             | 2026-06-08      | Floating      | 20.74%                | No            |                  2 | On Loan: No      |
| COGENT COMMUNICATIONS GROUP LLC / COGENT FINANCE INC                         | COGENT COMMS GRP / FIN COMPANY GUAR 144A 06/27 7              | CUSIP: 19240CAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       700000 | PA      | $692896.82     | 0.02%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY ABS CAPITAL I 2005-WMC3                                       | MORGAN STANLEY CAPITAL INC MSAC 2005 WMC3 M6                  | CUSIP: 61744CQC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8770047 | PA      | $7674379.37    | 0.18%             | 2035-03-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260504                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $-13340.78     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF MONTREAL REVERSE REPO.                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -7087636 | PA      | $-7119760.40   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| SG MORTGAGE SECURITIES TRUST 2006-FRE1                                       | SG MORTGAGE SECURITIES TRUST SGMS 2006 FRE1 A2B               | CUSIP: 81879MAV1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4212009 | PA      | $2055508.44    | 0.05%             | 2036-02-25      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | DEUTSCHE REVERSE REPO EUR ZCP                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |     -7872074 | PA      | $-9135983.72   | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| NPC UKRENERGO                                                                | NPC UKRENERGO GOVT GUARANT REGS 11/28 6.875                   | CUSIP: ACI21LG55<br>LEI: 8945009LCLS92V4AK321 | Long             | DBT              | CORP              | UA        |       800000 | PA      | $738000.00     | 0.02%             | 2028-11-09      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CSMC 2021-ADV TRUST                                                          | CREDIT SUISSE MORTGAGE TRUST CSMC 2021 ADV A 144A             | CUSIP: 12660WAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6010000 | PA      | $5338953.45    | 0.13%             | 2038-07-15      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| WHLN 2024-ACRA-FF2                                                           | WHLN 2024 ACRA FF2                                            | CUSIP: 937NATII6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       542500 | PA      | $541222.31     | 0.01%             | 2027-08-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FRANCE                                                                | ALTICE FRANCE SA 2025 EUR TERM LOAN B11                       | CUSIP: BA000QF11<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |     10091723 | PA      | $11616637.75   | 0.27%             | 2028-04-30      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| CS FIRST BOSTON MTG SEC CORP 2002-29                                         | CREDIT SUISSE FIRST BOSTON MOR CSFB 2002 29 1B2               | CUSIP: 22541NPU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       408815 | PA      | $265281.21     | 0.01%             | 2032-10-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD CHF BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |            1 | NC      | $37768.35      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD INR BOUGHT USD 20260407                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $64.10         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.25000 06/18/25-5Y LCH                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $-13260496.58  | -0.31%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | PARIBAS REVERSE REPO EUR ZCP                                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |     -6416010 | PA      | $-7425271.90   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE SA RL                                                   | ION PLATFORM FINANCE SAR SR SECURED REGS 09/30 6.5            | CUSIP: ACI30SMJ2<br>LEI: 6488IU1F9M51Z3P60R77 | Long             | DBT              | CORP              | LU        |      6000000 | PA      | $5792782.43    | 0.14%             | 2030-09-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| INCORA INTERMEDIATE II LLC                                                   | INCORA INTERMEDIATE II SR SECURED 144A 01/30 VAR              | CUSIP: 45338XAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     41626628 | PA      | $41626628.00   | 0.98%             | 2030-01-31      | Fixed         | 11.68%                | No            |                  3 | On Loan: No      |
| MASTR ASSET BACKED SECURITIES 2005-HE1                                       | MASTR ASSET BACKED SECURITIES MABS 2005 HE1 M5                | CUSIP: 57643LJJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        14214 | PA      | $16109.23      | 0.00%             | 2035-05-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST 2020-DUNE                                       | GS MORTGAGE SECURITIES TRUST GSMS 2020 DUNE F 144A            | CUSIP: 36258BAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3058294 | PA      | $2771437.43    | 0.07%             | 2036-12-15      | Floating      | 7.19%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO CREDIT AGRICOLE 03/14 VAR                        | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |       -85638 | PA      | $-85783.44     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ALTICE FRANCE                                                                | ALTICE FRANCE SA 2025 EUR EXT TERM LOAN B14                   | CUSIP: BA000QF86<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |      1135449 | PA      | $1317882.00    | 0.03%             | 2031-05-30      | Floating      | 8.89%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | ZCS BRL 11.7 03/24/22-01/04/27 CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | BR        |            1 | NC      | $-8627.16      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STARWOOD MORTGAGE RESIDENTIAL TRUST 2021-6                                   | STARWOOD MORTGAGE RESIDENTIAL STAR 2021 6 B1 144A             | CUSIP: 85573RAH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       200000 | PA      | $154179.10     | 0.00%             | 2066-11-25      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| HANDSHAKE RE LTD                                                             | HANDSHAKE RE LTD UNSECURED 144A 01/30 VAR                     | CUSIP: 410290AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       250000 | PA      | $248550.00     | 0.01%             | 2030-01-08      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESECURITIZATION TRUST 2013-R9                                | MORGAN STANLEY REREMIC TRUST MSRR 2013 R9 3B2 144A            | CUSIP: 61763DAV2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9434409 | PA      | $8697073.01    | 0.21%             | 2046-06-26      | Variable      | 4.09%                 | No            |                  2 | On Loan: No      |
| BBCMS TRUST 2018-CBM                                                         | BARCLAYS COMMERCIAL MORTGAGE S BBCMS 2018 CBM E 144A          | CUSIP: 05549RAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5300000 | PA      | $3913861.32    | 0.09%             | 2037-07-15      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| STRATTON MORTGAGE FUNDING 2024-2 PLC  24-2A                                  | STRATTON MORTGAGE FUNDING PLC STRA 2024 2A Z 144A             | CUSIP: ACI2S8TP7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      5663000 | PA      | $6193160.22    | 0.15%             | 2050-06-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIXIS COMMERCIAL MORTGAGE SECURITIES TRUST 2017-75B                        | NATIXIS COMMERCIAL MORTGAGE SE NCMS 2017 75B D 144A           | CUSIP: 63874EAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4000000 | PA      | $2786478.80    | 0.07%             | 2037-04-10      | Variable      | 4.06%                 | No            |                  2 | On Loan: No      |
| LAKESIDE CDO I LTD/LAKESIDE CDO I INC 2004-1A                                | LAKESIDE CDO LTD LAKES 2004 1A A2B 144A                       | CUSIP: 51210VAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     19584229 | PA      | $4540368.45    | 0.11%             | 2040-01-04      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.75000 12/17/25-10Y LCH                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $379687.20     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC GOVT                                                      | DOMINICAN REPUBLIC SR UNSECURED 144A 03/37 10.5               | CUSIP: 25714PFD5<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1538700000 | PA      | $26419746.71   | 0.62%             | 2037-03-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| BANCA MONTE DEI PASCHI DI SIENA SPA                                          | BANCA MONTE DEI PASCHI SIENA COMMON STOCK                     | CUSIP: ACI28SXK1<br>LEI: J4CP7MHCXR8DAQMKIL78 | Long             | EC               | CORP              | IT        |      3581000 | NS      | $31246104.57   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -9005628 | PA      | $-9039997.07   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| KRONOS FUNDING                                                               | KRONOS CLASS E PLACEHODER 144A 5928379A8                      | CUSIP: 990ADDMY0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10914000 | PA      | $13333450.69   | 0.31%             | 2026-04-15      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | BOUGHT CAD SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |            1 | NC      | $-2102.44      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260424                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $39.23         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| IBEX TOPCO BV                                                                | STEINHOFF CVR                                                 | CUSIP: 948ECV905<br>LEI: 636700OGDKP5DOQ3LT67 | Long             | EC               | CORP              | NL        |    233504654 | NS      | $269.89        | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST 2016-ISQ                          | BANC OF AMERICA MERRILL LYNCH BAMLL 2016 ISQ C 144A           | CUSIP: 05523GAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3500000 | PA      | $1139600.00    | 0.03%             | 2034-08-14      | Variable      | 3.61%                 | No            |                  2 | On Loan: No      |
| ATRIUM HOTEL PORTFOLIO TRUST 2017-ATRM                                       | ATRIUM HOTEL PORTFOLIO TRUST AHPT 2017 ATRM E 144A            | CUSIP: 04965JAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14435689 | PA      | $13669514.81   | 0.32%             | 2036-12-15      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| AEGIS ASSET BACKED SECURITIES TR 2005-3                                      | AEGIS ASSET BACKED SECURITIES AABST 2005 3 M4                 | CUSIP: 00764MFU6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       700000 | PA      | $126750.12     | 0.00%             | 2035-08-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| STEENBOK LUX FINCO 1 SARL                                                    | STEENBOK LUX FINCO 2 SARL 2023 EUR PIK TERM LOAN RESTRUC      | CUSIP: 948FWJII8<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |     45849837 | PA      | $6798533.32    | 0.16%             | 2028-12-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BRIDGEGATE FUNDING PLC 2023-1A                                               | BRIDGEGATE FUNDING PLC BRGTE 2023 1A RES                      | CUSIP: ACI2C6R96<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      3705000 | PA      | $7.36          | 0.00%             | 2062-10-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT JPY SOLD USD 20260507                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |            1 | NC      | $103870.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260424                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $-16512.51     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG 25-2A                                                       | CRAFT LTD CRFT 2025 2A CLN 144A                               | CUSIP: ACI2Y11S9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | DE        |     10100000 | PA      | $10150742.40   | 0.24%             | 2035-01-21      | Floating      | 10.92%                | No            |                  3 | On Loan: No      |
| N/A                                                                          | ARGENTINA LA SP MYC                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |            1 | NC      | $29103.26      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260430                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $-23860.36     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NEW CENTURY HOME EQUITY LOAN TR 2005-2                                       | NEW CENTURY HOME EQUITY LOAN T NCHET 2005 2 M5                | CUSIP: 64352VKX8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       290998 | PA      | $291588.78     | 0.01%             | 2035-06-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1519737 | PA      | $-1534594.76   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-NQM2                     | MORGAN STANLEY RESIDENTIAL MOR MSRM 2025 NQM2 XS 144A         | CUSIP: 617941AL3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     88240197 | PA      | $2780413.32    | 0.07%             | 2070-01-25      | Variable      | 1.36%                 | No            |                  2 | On Loan: No      |
| PATTERSON CO (PARADIGM PARENT LLC)                                           | PARADIGM PARENT LLC 1ST LIEN TERM LOAN                        | CUSIP: 69902BAB5<br>LEI: 254900EDT9YE5UFH3458 | Long             | LON              | CORP              | US        |     33795306 | PA      | $28050104.38   | 0.66%             | 2032-04-16      | Floating      | 8.20%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260422                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $-24878.87     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO PARIBAS                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -8047047 | PA      | $-8101785.71   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| ALTICE FRANCE                                                                | ALTICE FRANCE SA 2025 EUR TERM LOAN B12                       | CUSIP: BA000QF37<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |      4244637 | PA      | $4884283.30    | 0.12%             | 2028-10-30      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| STWD 2021-HTS MORTGAGE TRUST 2021-HTS                                        | STARWOOD COMMERCIAL MORTGAGE T STWD 2021 HTS E 144A           | CUSIP: 78486DAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4737543 | PA      | $4708965.62    | 0.11%             | 2034-04-15      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| LUDGATE FUNDING PLC 2006-1X                                                  | LUDGATE FUNDING PLC LGATE 2006 1X MC REGS                     | CUSIP: ACI20ZV82<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |    375000000 | PA      | $4.96          | 0.00%             | 2060-12-01      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| ARMOR RE II LTD                                                              | ARMOR RE II LTD SR UNSECURED 144A 05/31 VAR                   | CUSIP: 04227FAE5<br>LEI: 549300X573KDIHEJL317 | Long             | DBT              | CORP              | BM        |       300000 | PA      | $315840.00     | 0.01%             | 2031-05-07      | Floating      | 13.74%                | No            |                  2 | On Loan: No      |
| GLOBAL SPORTS GROUP (GSG BIDCO LIMITED)                                      | GSG BIDCO LTD SR SECURED 144A 06/31 4.7                       | CUSIP: ACI38RGT1<br>LEI: 984500F49D98F3GDZ668 | Long             | DBT              | CORP              | JE        |      5800000 | PA      | $6650333.35    | 0.16%             | 2031-06-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| DBGS MORTGAGE TRUST 2019-1735                                                | DBGS MORTGAGE TRUST DBGS 2019 1735 E 144A                     | CUSIP: 23307EAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16777000 | PA      | $12922447.34   | 0.30%             | 2037-04-10      | Variable      | 4.19%                 | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                               | TITULOS DE TESORERIA BONDS 01/35 11.75                        | CUSIP: ACI2Z7LJ3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 148836700000 | PA      | $36901972.55   | 0.87%             | 2035-01-24      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| GSAMP TRUST 2006-HE4                                                         | GSAMP TRUST GSAMP 2006 HE4 M1                                 | CUSIP: 362439AF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7435000 | PA      | $6537019.29    | 0.15%             | 2036-06-25      | Floating      | 4.24%                 | No            |                  2 | On Loan: No      |
| VIALTO PARTNERS (GALAXY US OPCO INC)                                         | GALAXY US OPCO INC. TERM LOAN                                 | CUSIP: 36321DAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     42062338 | PA      | $36504220.57   | 0.86%             | 2030-07-31      | Fixed         | 8.87%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-C7                                  | CITIGROUP COMMERCIAL MORTGAGE CGCMT 2019 C7 805A 144A         | CUSIP: 17328CBK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6600000 | PA      | $4113867.78    | 0.10%             | 2072-12-15      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| BANC OF AMERICA FUNDING CORP 2006-4                                          | BANC OF AMERICA FUNDING CORPOR BAFC 2006 4 A11                | CUSIP: 05950FAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       378804 | PA      | $302130.58     | 0.01%             | 2036-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                                    | CAESARS ENTERTAINMENT INC COMMON STOCK                        | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |            1 | NS      | $26.43         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -12934683 | PA      | $-13090797.74  | -0.31%            |  |  |  | No            |                  2 | On Loan: No      |
| WINDMILL III RE DESIGNATED ACTIVITY COMPANY                                  | WINDMILL III RE DAC UNSECURED 144A 07/28 VAR                  | CUSIP: ACI2PJTV3<br>LEI: 635400PB5AXUZ6R7CT68 | Long             | DBT              | CORP              | IE        |       250000 | PA      | $299394.10     | 0.01%             | 2028-07-05      | Floating      | 7.24%                 | No            |                  2 | On Loan: No      |
| CEDAR FUNDING IX CLO LTD 2018-9A                                             | CEDAR FUNDING LTD CEDF 2018 9A SUB 144A                       | CUSIP: 15033FAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     12000000 | PA      | $2869629.48    | 0.07%             | 2037-07-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BARCLAYS REV REPO EUR                                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |     -1798350 | PA      | $-2083270.48   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD KWD BOUGHT USD 20290702                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $25294.31      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WHLN LOAN                                                                    | WALGREENS MAGNOLIA WHLN0MAG1                                  | CUSIP: 938SYFII8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |       404555 | PA      | $397159.74     | 0.01%             | 2030-03-06      | Fixed         | 6.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260416                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-269539.20    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT CHF SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |            1 | NC      | $-3583.59      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CORESTATE CAPITAL HOLDING SA                                                 | CORESTATE CAPITAL HOLD SR SECURED 12/26 10                    | CUSIP: ACI2J0DM8<br>LEI: 529900GNB86RB7HRX793 | Long             | DBT              | CORP              | LU        |       222608 | PA      | $238001.23     | 0.01%             | 2026-12-31      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| SOUTH COAST FUNDING 5A                                                       | SOUTH COAST FUNDING SCF 5A B 144A                             | CUSIP: 84129VAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     24341450 | PA      | $7390259.05    | 0.17%             | 2039-08-06      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I INC 2014-150E                                       | MORGAN STANLEY CAPITAL I TRUST MSC 2014 150E A 144A           | CUSIP: 61764BAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     12000000 | PA      | $11125968.00   | 0.26%             | 2032-09-09      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| LOCKE TAVERN RE LTD                                                          | LOCKE TAVERN RE LTD UNSECURED 144A 04/33 VAR                  | CUSIP: 539694AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       600000 | PA      | $600000.00     | 0.01%             | 2033-04-11      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| BFLD TRUST 2020-EYP                                                          | BFLD TRUST BFLD 2020 EYP F 144A                               | CUSIP: 05493AAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5130000 | PA      | $19314.45      | 0.00%             | 2035-10-15      | Floating      | 7.99%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE CAP CERT 2007-C2                                      | CREDIT SUISSE MORTGAGE TRUST CSMC 2007 C2 C 144A              | CUSIP: 22545YAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5700000 | PA      | $3505443.00    | 0.08%             | 2049-01-15      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -3176238 | PA      | $-3205155.88   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -25668829 | PA      | $-25953682.12  | -0.61%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN ALTERNATIVE LN TRUST 2007-A1                                       | J.P. MORGAN ALTERNATIVE LOAN T JPALT 2007 A1 1A4              | CUSIP: 466287AD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4202871 | PA      | $3540736.24    | 0.08%             | 2037-03-25      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -6610001 | PA      | $-6636512.93   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -9404327 | PA      | $-9404327.00   | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260403                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $-30726.95     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260413                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $-32620.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | FINANCIAL KETTERING REPU USD ANZBANK FIN KETTERING REPU USD   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -47788835 | PA      | $-47914944.02  | -1.13%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -4819898 | PA      | $-4838310.07   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2020-R1                                             | ANGEL OAK MORTGAGE TRUST AOMT 2020 R1 AIOS 144A               | CUSIP: 034651AH2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     44357052 | PA      | $221246.32     | 0.01%             | 2053-04-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -24399373 | PA      | $-24445780.36  | -0.58%            |  |  |  | No            |                  2 | On Loan: No      |
| NUMERICABLE US LLC                                                           | ALTICE FRANCE SA 2025 EXT TERM LOAN B14                       | CUSIP: BA000QF60<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |     24032173 | PA      | $24127340.34   | 0.57%             | 2031-05-31      | Floating      | 10.55%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS EUR 0.50000 09/21/22-30Y LCH                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |            1 | NC      | $9219470.83    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC / ION PLATFORM FINANCE SARL                      | ION PLAT FIN US/SARL SR SECURED 144A 05/29 8.75               | CUSIP: 46206AAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      7300000 | PA      | $6796484.47    | 0.16%             | 2029-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE SA RL                                                   | ION PLATFORM FINANCE SAR SR SECURED REGS 09/32 6.875          | CUSIP: ACI30SM29<br>LEI: 6488IU1F9M51Z3P60R77 | Long             | DBT              | CORP              | LU        |     10600000 | PA      | $9795749.25    | 0.23%             | 2032-09-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SYNIVERSE HOLDINGS LLC                                                       | SYNIVERSE HOLDINGS, LLC 2022 TERM LOAN                        | CUSIP: 87168TAB7<br>LEI: 549300CYZBHMZC8VLL59 | Long             | LON              | CORP              | US        |     55147227 | PA      | $51080119.27   | 1.20%             | 2027-05-13      | Floating      | 10.70%                | No            |                  3 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2018-BOP                                      | MORGAN STANLEY CAPITAL I TRUST MSC 2018 BOP E 144A            | CUSIP: 61768FAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1200000 | PA      | $129087.00     | 0.00%             | 2035-06-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1184916 | PA      | $-1185189.85   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| FBR SECURITIZATION TRUST 2005-5                                              | FBR SECURITIZATION TRUST FBRSI 2005 5 M4                      | CUSIP: 30246QCS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $601828.30     | 0.01%             | 2035-11-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -2999250 | PA      | $-2999639.90   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD INR BOUGHT USD 20260407                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $36.25         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260406                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $377.17        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INTEGRITY RE III LTD                                                         | INTEGRITY RE III UNSECURED 144A 06/28 VAR                     | CUSIP: 45870GAE6<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |       600000 | PA      | $623340.00     | 0.01%             | 2028-06-06      | Floating      | 15.76%                | No            |                  2 | On Loan: No      |
| EUROSAIL PLC 2007-1X                                                         | EUROSAIL PLC ESAIL 2007 1X D1A REGS                           | CUSIP: ACI05RDQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |       250000 | PA      | $255696.99     | 0.01%             | 2045-03-13      | Floating      | 2.96%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -18406458 | PA      | $-18470803.89  | -0.44%            |  |  |  | No            |                  2 | On Loan: No      |
| FREMONT HOME LOAN TRUST 2004-A                                               | FREMONT HOME LOAN TRUST FHLT 2004 A M3                        | CUSIP: 35729PCM0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1883437 | PA      | $1676377.00    | 0.04%             | 2034-01-25      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| GSAMP TRUST 2006-SD1                                                         | GSAMP TRUST GSAMP 2006 SD1 M2 144A                            | CUSIP: 362341X79<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1284303 | PA      | $1104286.65    | 0.03%             | 2045-07-25      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -4204851 | PA      | $-4214438.33   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |       -99591 | PA      | $-99926.84     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -2377620 | PA      | $-2383505.27   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| BEAR STEARNS ASSET BACKED SECURITIES TRUST 2005-HE9                          | BEAR STEARNS ASSET BACKED SECU BSABS 2005 HE9 M2              | CUSIP: 073879R59<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       113843 | PA      | $114350.54     | 0.00%             | 2035-10-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |     -3494160 | PA      | $-4045342.42   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| DISH NETWORK CORPORATION                                                     | DISH NETWORK CORP SR UNSECURED 08/26 3.375                    | CUSIP: 25470MAB5<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |      3300000 | PA      | $3205950.00    | 0.08%             | 2026-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | ARGENTINA LA SP BRC                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |            1 | NC      | $2645.75       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AIM AVIATION FINANCE LIMITED 2015-1A                                         | DCAL AVIATION FINANCE LIMITED DCAL 2015 1A A1 144A            | CUSIP: 001406AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      3213416 | PA      | $3153512.05    | 0.07%             | 2040-02-15      | Variable      | 6.21%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260911                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-19575.43     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EUR SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $3446119.81    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPE LOOKOUT RE LTD                                                          | CAPE LOOKOUT RE LTD UNSECURED 144A 04/27 VAR                  | CUSIP: 13947LAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      3600000 | PA      | $3656340.00    | 0.09%             | 2027-04-05      | Floating      | 12.23%                | No            |                  2 | On Loan: No      |
| ALIGNED DATA CENTERS INTERNATIONAL LP                                        | ALIGNED DATA CENTERS INTER LP 2024 TERM LOAN                  | CUSIP: BA000JN59<br>LEI: 2549007PAQ06QVDCLR50 | Long             | LON              | CORP              | US        |     15700000 | PA      | $15801930.52   | 0.37%             | 2029-12-18      | Floating      | 7.22%                 | No            |                  3 | On Loan: No      |
| GSAMP TRUST 2005-WMC3                                                        | GSAMP TRUST GSAMP 2005 WMC3 M1                                | CUSIP: 362341L64<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20241377 | PA      | $17975516.51   | 0.42%             | 2035-12-25      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| J&J VENTURES GAMING LLC                                                      | J + J VENTURES GAMING LLC 2024 TERM LOAN                      | CUSIP: 46604BAG3<br>LEI: 549300BYPH8FLKS5ZS70 | Long             | LON              | CORP              | US        |     14154450 | PA      | $14154450.00   | 0.33%             | 2028-04-26      | Floating      | 8.78%                 | No            |                  3 | On Loan: No      |
| BCP TRUST 2021-330N                                                          | BCP TRUST BCP 2021 330N E 144A                                | CUSIP: 05553BAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4900000 | PA      | $369553.10     | 0.01%             | 2038-06-15      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA5                                      | FREDDIE MAC   STACR STACR 2021 DNA5 B2 144A                   | CUSIP: 35564KJB6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      7000000 | PA      | $8546510.00    | 0.20%             | 2034-01-25      | Floating      | 9.16%                 | No            |                  2 | On Loan: No      |
| SG RESIDENTIAL MORTGAGE TRUST 2020-2                                         | SG CAPITAL PARTNERS SGR 2020 2 XS2C 144A                      | CUSIP: 81882JAP6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     28575205 | PA      | $1621311.43    | 0.04%             | 2065-05-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| INTEGRITY RE III LTD                                                         | INTEGRITY RE III UNSECURED 144A 06/27 VAR                     | CUSIP: 45870GAC0<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |       300000 | PA      | $306750.00     | 0.01%             | 2027-06-06      | Floating      | 13.26%                | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2022-AHP                                        | BX TRUST BX 2022 AHP E 144A                                   | CUSIP: 05610FAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10085140 | PA      | $10072927.58   | 0.24%             | 2039-01-17      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| GREENGROVE RE LTD                                                            | GREENGROVE RE LTD UNSECURED 144A 04/32 VAR                    | CUSIP: 39526JAA9<br>LEI: 254900WH3CK41D9L7T70 | Long             | DBT              | CORP              | BM        |       650000 | PA      | $673725.00     | 0.02%             | 2032-04-08      | Floating      | 11.27%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -4366770 | PA      | $-4415744.26   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                           | TREASURY BILL 05/26 0.00000                                   | CUSIP: 912797TL1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      1825000 | PA      | $1818768.74    | 0.04%             | 2026-05-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS EUR -0.15000 03/18/20-10Y LCH                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |            1 | NC      | $571885.54     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                                 | UKRAINE GOVERNMENT SR UNSECURED 144A 02/35 VAR                | CUSIP: 903724CB6<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      1605651 | PA      | $844572.43     | 0.02%             | 2035-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -16027924 | PA      | $-16072080.98  | -0.38%            |  |  |  | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                       | VENTURE GLOBAL LNG INC JR SUBORDINA 144A 12/99 VAR            | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | EP               | CORP              | US        |     17090000 | NS      | $17028305.10   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260401                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $17712.91      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SEC ASSET BACKED REC LLC 2005-FR1                                            | SECURITIZED ASSET BACKED RECEI SABR 2005 FR1 M2               | CUSIP: 81375WDT0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1381150 | PA      | $1207233.72    | 0.03%             | 2034-12-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| CONSECO FINANCE SECURITIZATION 2000-2                                        | CONSECO FINANCE SECURITIZATION CNF 2000 2 A5                  | CUSIP: 20846QCQ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     19043992 | PA      | $2029428.76    | 0.05%             | 2030-12-01      | Fixed         | 8.85%                 | No            |                  2 | On Loan: No      |
| MASTR ASSET BACKED SEC TRUST 2005-HE2                                        | MASTR ASSET BACKED SECURITIES MABS 2005 HE2 M4                | CUSIP: 57643LKP0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       400000 | PA      | $376271.80     | 0.01%             | 2035-10-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -4209085 | PA      | $-4223849.11   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -2294940 | PA      | $-2322288.19   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| EVERGLADES RE II LTD                                                         | EVERGLADES RE II LTD UNSECURED 144A 05/31 VAR                 | CUSIP: 30014LAP9<br>LEI: 5493000EE11S6ONK0372 | Long             | DBT              | CORP              | BM        |       500000 | PA      | $508750.00     | 0.01%             | 2031-05-13      | Floating      | 16.28%                | No            |                  2 | On Loan: No      |
| HILTON USA TRUST 2016-SFP                                                    | HILTON USA TRUST HILT 2016 SFP B 144A                         | CUSIP: 43289VAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2500000 | PA      | $1224900.00    | 0.03%             | 2035-11-05      | Fixed         | 3.32%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | CITIGROUP REVERSE REPO                                        | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -5133435 | PA      | $-5179482.13   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST 2024-PT2                                      | PAGAYA AI DEBT SELECTION TRUST PAID 2024 PT2 C 144A           | CUSIP: 69544PAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       449700 | PA      | $449920.40     | 0.01%             | 2032-04-15      | Fixed         | 5.82%                 | No            |                  3 | On Loan: No      |
| ALTICE FRANCE                                                                | ALTICE FRANCE SA SR SECURED 144A 11/29 9.5                    | CUSIP: 02090DAA6<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |     13382945 | PA      | $13532981.20   | 0.32%             | 2029-11-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| COHESITY INC                                                                 | CLOVER 2024 HOLDINGS INC VERITAS G 1 PREFERRED                | CUSIP: 955EKAII3<br>LEI: 254900JU2GC36CXYYG09 | Long             | EP               | CORP              | US        |        21380 | NS      | $404366.61     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260407                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $-295.86       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA HOME EQUITY LOAN INC 2005-HE1                                         | NOMURA HOME EQUITY LOAN INC NHELI 2005 HE1 M6                 | CUSIP: 65536HBH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3000000 | PA      | $2681510.40    | 0.06%             | 2035-09-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -45298975 | PA      | $-45932745.03  | -1.08%            |  |  |  | No            |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST 2021-3                                            | FLAGSHIP CREDIT AUTO TRUST FCAT 2021 3 R 144A                 | CUSIP: 33846Q101<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         8473 | PA      | $100426.57     | 0.00%             | 2028-12-15      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | REVERSE REPO THE BANK OF NOVA REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -2220663 | PA      | $-2227880.15   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2020-MKST             | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2020 MKST E 144A         | CUSIP: 46652DAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4240000 | PA      | $10769.60      | 0.00%             | 2036-12-15      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORPORATION                                                         | DISH DBS CORP COMPANY GUAR 07/26 7.75                         | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     33117000 | PA      | $33044546.63   | 0.78%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AMERIQUEST MORTGAGE SEC INC 2005-R10                                         | AMERIQUEST MORTGAGE SECURITIES AMSI 2005 R10 M5               | CUSIP: 03072ST21<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1100000 | PA      | $1044145.96    | 0.02%             | 2036-01-25      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                           | TREASURY BILL 05/26 0.00000                                   | CUSIP: 912797QN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       100000 | PA      | $99566.15      | 0.00%             | 2026-05-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ASSET SECURITIES 2005-KS11                                       | RESIDENTIAL ASSET SECURITIES C RASC 2005 KS11 M5              | CUSIP: 76110W7H3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       484097 | PA      | $408768.16     | 0.01%             | 2035-12-25      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| OCADO GROUP PLC                                                              | OCADO GROUP PLC COMPANY GUAR REGS 06/30 11                    | CUSIP: ACI2WWMJ0<br>LEI: 213800LO8F61YB8MBC74 | Long             | DBT              | CORP              | GB        |      6289000 | PA      | $8313151.08    | 0.20%             | 2030-06-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| RUSSIAN GOVT                                                                 | RUSSIAN FEDERATION SR UNSECURED REGS 03/35 5.1                | CUSIP: X5424XCG1<br>LEI: 5493004EHVGF71PDBU58 | Long             | DBT              | NUSS              | RU        |       800000 | PA      | $0.01          | 0.00%             | 2035-03-28      | Fixed         | 5.10%                 | No            |                  3 | On Loan: No      |
| CHEC LOAN TRUST 2004-1                                                       | CHEC LOAN TRUST CHEC 2004 1 A3 144A                           | CUSIP: 162765AC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        44861 | PA      | $44645.41      | 0.00%             | 2034-07-25      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |     -1272362 | PA      | $-1473753.72   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| WINSTON RE LTD                                                               | WINSTON RE LTD UNSECURED 144A 02/28 VAR                       | CUSIP: 975660AC5<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |       300000 | PA      | $306960.00     | 0.01%             | 2028-02-21      | Floating      | 10.02%                | No            |                  2 | On Loan: No      |
| GATEWAY RE LTD                                                               | GATEWAY RE LTD UNSECURED 144A 07/29 VAR                       | CUSIP: 36779CBA3<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |      3900000 | PA      | $3900000.00    | 0.09%             | 2029-07-06      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ASSETBACKED SEC 2006-3                                          | BEAR STEARNS ASSET BACKED SECU BSABS 2006 3 M3                | CUSIP: 07388GAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3945226 | PA      | $3647194.89    | 0.09%             | 2036-08-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2021-N4                                       | CARVANA AUTO RECEIVABLES TRUST CRVNA 2021 N4 R 144A           | CUSIP: 14687HAJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        12000 | PA      | $487416.61     | 0.01%             | 2028-09-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO CREDIT AGRICOLE 03/14 VAR                        | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -2777081 | PA      | $-2797978.99   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD JPY BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |            1 | NC      | $-51350.27     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MRCD 2019-PARK MORTGAGE TRUST                                                | MRCD MORTGAGE TRUST MRCD 2019 PARK G 144A                     | CUSIP: 55348UAW8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11000000 | PA      | $5417500.00    | 0.13%             | 2036-12-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| MASTR ASSET BACKED SEC TR 2006-NC1                                           | MASTR ASSET BACKED SECURITIES MABS 2006 NC1 M2                | CUSIP: 57643LNH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9151231 | PA      | $8335312.68    | 0.20%             | 2036-01-25      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2020-LOOP               | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2020 LOOP D 144A         | CUSIP: 46651WAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1712000 | PA      | $371460.00     | 0.01%             | 2038-12-05      | Variable      | 3.86%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2022-2                            | FREDDIE MAC   SCRT SCRT 2022 2 M 144A                         | CUSIP: 35563PJ59<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6500000 | PA      | $6071950.30    | 0.14%             | 2062-04-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GSAMP TRUST 2005-SD1                                                         | GSAMP TRUST GSAMP 2005 SD1 M3 144A                            | CUSIP: 36242DWF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9472148 | PA      | $7458012.10    | 0.18%             | 2034-12-25      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                               | TITULOS DE TESORERIA BONDS 03/58 12                           | CUSIP: ACI2Z8HT4<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1430000000 | PA      | $351430.48     | 0.01%             | 2058-03-13      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -4472212 | PA      | $-4485983.93   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2025-NQM1                                | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2025 NQM1 AIOS 144A        | CUSIP: 64832DAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    236370478 | PA      | $1624255.20    | 0.04%             | 2065-01-25      | Variable      | 0.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260407                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $-293.29       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPOS                                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |    -11269755 | PA      | $-15052375.82  | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -830249 | PA      | $-832615.29    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA INVESTMENT HOLDINGS LIMITED                                     | VIRGIN MEDIA INV HLDGS LTD 2025 GBP TERM LOAN                 | CUSIP: BA000VZK6<br>LEI: 549300ZM1VNUHR0FX008 | Long             | LON              | CORP              | GB        |      2300000 | PA      | $2922509.81    | 0.07%             | 2030-08-01      | Floating      | 6.98%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260428                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $-16382.60     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GSAMP TRUST 2006-HE3                                                         | GSAMP TRUST GSAMP 2006 HE3 M1                                 | CUSIP: 36244KAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     28348052 | PA      | $25515089.12   | 0.60%             | 2046-05-25      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| FIRST NLC TRUST 2005-1                                                       | FIRST NLC TRUST FNLC 2005 1 M2                                | CUSIP: 32113JAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3274816 | PA      | $2189573.12    | 0.05%             | 2035-05-25      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPOS                                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |     -5276429 | PA      | $-7052267.67   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT PLN SOLD USD 20260415                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |            1 | NC      | $-1396.92      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HILTON USA TRUST 2016-SFP                                                    | HILTON USA TRUST HILT 2016 SFP A 144A                         | CUSIP: 43289VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $857395.50     | 0.02%             | 2035-11-05      | Fixed         | 2.83%                 | No            |                  2 | On Loan: No      |
| BWAY MORTGAGE TRUST 2021-1450                                                | BWAY MORTGAGE TRUST BWAY 2021 1450 E 144A                     | CUSIP: 12430YAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4654000 | PA      | $4182305.00    | 0.10%             | 2036-09-15      | Floating      | 7.64%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -949457 | PA      | $-966188.60    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| KEYCORP STUDENT LOAN TRUST 1999-A                                            | KEYCORP STUDENT LN TR SER 2004 A CL 1A1                       | CUSIP: 4932689N8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       100000 | PA      | $3718469.95    | 0.09%             | 2050-01-01      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| IPL SCHOELLER (TOUCAN FINCO LTD/TOUCAN FINCO CAN INC/TOUCAN FINCO US LLC)    | TOUCAN FINCO LTD/CAN/US SR SECURED REGS 05/30 8.25            | CUSIP: ACI2WX3R1<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |      2000000 | PA      | $2003747.08    | 0.05%             | 2030-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SOLERA LLC (POLARIS NEWCO LLC)                                               | POLARIS NEWCO LLC EUR TERM LOAN B                             | CUSIP: 73108RAC2<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |     39291426 | PA      | $38678369.07   | 0.91%             | 2028-06-02      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260421                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $291.03        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INTEGRITY RE III LTD                                                         | INTEGRITY RE III UNSECURED 144A 06/27 VAR                     | CUSIP: 45870GAF3<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |       600000 | PA      | $659340.00     | 0.02%             | 2027-06-06      | Floating      | 29.01%                | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET INVST LN TR 2005-5                                          | STRUCTURED ASSET INVESTMENT LO SAIL 2005 5 M5                 | CUSIP: 86358ETK2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8066025 | PA      | $7368156.75    | 0.17%             | 2035-06-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT CNY SOLD USD 20260513                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |            1 | NC      | $1435.15       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | JPM CHASE REVERSE REPO EUR ZCP                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |     -1451290 | PA      | $-1680428.42   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| KRONOS FUNDING                                                               | KRONOS CLASS RC PLACEHODER144A 4326579K2                      | CUSIP: 990ADDMX2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |           31 | PA      | $0.00          | 0.00%             | 2026-04-15      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | BOUGHT EUR SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-8284.53      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2021-5                                                     | FANNIE MAE FNR 2021 5 JI                                      | CUSIP: 3136BDZW1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      7631076 | PA      | $303621.43     | 0.01%             | 2036-02-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST 2021-JACX                         | BANC OF AMERICA MERRILL LYNCH BAMLL 2021 JACX E 144A          | CUSIP: 05493LAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     12930000 | PA      | $11880320.62   | 0.28%             | 2038-09-15      | Floating      | 7.54%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $-8377.28      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2020-2                            | FREDDIE MAC   SCRT SCRT 2020 2 BXS 144A                       | CUSIP: 35563PRM3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20257717 | PA      | $10322753.18   | 0.24%             | 2059-11-25      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| WHLN 2025-NVES-PF-FF3                                                        | WHLN 2025 NVES PF FF3 WHLNPL9Z6                               | CUSIP: 990AAZNM9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     15572463 | PA      | $15548304.00   | 0.37%             | 2027-03-01      | Fixed         | 8.62%                 | Yes           |                  3 | On Loan: No      |
| FLORA FOOD MANAGEMENT BV                                                     | UPFIELD B V 2026 GBP TERM LOAN B14                            | CUSIP: BA000W840<br>LEI: 2549002VGA888UKFKS25 | Long             | LON              | CORP              | NL        |     16300000 | PA      | $20657763.25   | 0.49%             | 2030-10-31      | Floating      | 8.98%                 | No            |                  2 | On Loan: No      |
| NEWFOLD DIGITAL HOLDINGS GROUP INC                                           | NEWFOLD DIGITAL HLDGS GR SECURED 144A 04/29 11.75             | CUSIP: 650929AD4<br>LEI: 549300UTQC2651SB0W88 | Long             | DBT              | CORP              | US        |     13299065 | PA      | $5422700.00    | 0.13%             | 2029-04-30      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT KWD SOLD USD 20260617                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-681.26       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BEAR STEARNS  COMM MTGE SEC 2006-T24                                         | BEAR STEARNS COMMERCIAL MORTGA BSCMS 2006 T24 B 144A          | CUSIP: 07388NAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         8759 | PA      | $8675.67       | 0.00%             | 2041-10-12      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET SECURITIES CO-2007-BC1                                      | STRUCTURED ASSET SECURITIES CO SASC 2007 BC1 M1               | CUSIP: 86362PAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16902493 | PA      | $14543379.75   | 0.34%             | 2037-02-25      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST 2020-3                                            | FLAGSHIP CREDIT AUTO TRUST FCAT 2020 3 R 144A                 | CUSIP: 33844T107<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        20000 | PA      | $899671.98     | 0.02%             | 2027-12-15      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2019-PLND                                     | MORGAN STANLEY CAPITAL I TRUST MSC 2019 PLND C 144A           | CUSIP: 61691XAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4500000 | PA      | $416128.50     | 0.01%             | 2036-05-15      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| OI SA (AKA: BRASIL TELECOM S/A)                                              | OI S.A. SR SECURED 144A 06/27 10                              | CUSIP: 67117EAE8<br>LEI: 254900YEMWCRRAGD4978 | Long             | DBT              | CORP              | BR        |     68151787 | PA      | $33053616.70   | 0.78%             | 2027-06-30      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| THAMES WATER SUPER SENIOR ISSUER PLC                                         | THAMES WATER SUPER SEN SR SECURED 144A 10/27 9.75             | CUSIP: ACI2VXTH6<br>LEI: 635400LBEYCV7F4FC741 | Long             | DBT              | CORP              | GB        |      1958740 | PA      | $2827735.98    | 0.07%             | 2027-10-10      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| C-BASS LTD 18A                                                               | C BASS LTD CBCL 18A A1 144A                                   | CUSIP: 1248MMAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     54781542 | PA      | $5478.15       | 0.00%             | 2047-03-13      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT KWD SOLD USD 20260521                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-1434.59      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DISH DBS CORPORATION                                                         | DISH DBS CORP SR SECURED 144A 12/28 5.75                      | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     54580000 | PA      | $52822389.73   | 1.25%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| EVERGLADES RE II LTD                                                         | EVERGLADES RE II LTD UNSECURED 144A 05/31 VAR                 | CUSIP: 30014LAM6<br>LEI: 5493000EE11S6ONK0372 | Long             | DBT              | CORP              | BM        |       500000 | PA      | $506750.00     | 0.01%             | 2031-05-13      | Floating      | 14.03%                | No            |                  2 | On Loan: No      |
| WORLDWIDE PLAZA TRUST 2017-WWP                                               | WORLDWIDE PLAZA TRUST WPT 2017 WWP E 144A                     | CUSIP: 98162JAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16000000 | PA      | $169008.00     | 0.00%             | 2036-11-10      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| BCAP LLC TRUST 2010-RR9                                                      | BCAP LLC TRUST BCAP 2010 RR9 1A5 144A                         | CUSIP: 05533GAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11021674 | PA      | $7257431.97    | 0.17%             | 2037-08-28      | Variable      | 3.48%                 | No            |                  2 | On Loan: No      |
| TOLL ROAD INVESTORS PARTNERSHIP II LP                                        | TOLL ROAD INV PART II INSURED 144A 02/43 0.00000              | CUSIP: 88948ABM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     47670444 | PA      | $16863419.61   | 0.40%             | 2043-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SMRT 2022-MINI                                                               | SMRT SMRT 2022 MINI F 144A                                    | CUSIP: 78457JAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5442000 | PA      | $5312356.32    | 0.13%             | 2039-01-15      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| LEALAND FINANCE COMPANY BV                                                   | LEALAND FINANCE COMPANY B.V. 2020 MAKE WHOLE TL               | CUSIP: N5200EAC5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |       170649 | PA      | $142918.22     | 0.00%             | 2027-06-30      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | WORLDLINE SNR SE ICE                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | FR        |            1 | NC      | $-52945.39     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOUNDVIEW HOME EQUITY LOAN TR 2006-EQ1                                       | SOUNDVIEW HOME EQUITY LOAN TRU SVHE 2006 EQ1 M1               | CUSIP: 83612JAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     21927588 | PA      | $22508787.75   | 0.53%             | 2036-10-25      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| KREST COMMERCIAL MORTGAGE SECURITIES TRUST 2021-CHIP                         | KREST COMMERCIAL MORTGAGE SECU KREST 2021 CHIP E 144A         | CUSIP: 50085PAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     22339000 | PA      | $14381166.86   | 0.34%             | 2044-11-05      | Fixed         | 2.93%                 | No            |                  2 | On Loan: No      |
| INTEGRITY RE III LTD                                                         | INTEGRITY RE III UNSECURED 144A 06/27 VAR                     | CUSIP: 45870GAA4<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |       300000 | PA      | $305640.00     | 0.01%             | 2027-06-06      | Floating      | 11.51%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD EUR BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $13186620.24   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO PARIBAS                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -36420556 | PA      | $-36490382.11  | -0.86%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA6                                      | FREDDIE MAC   STACR STACR 2021 DNA6 B2 144A                   | CUSIP: 35564KLV9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     20205000 | PA      | $20785069.39   | 0.49%             | 2041-10-25      | Floating      | 11.16%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD CNH BOUGHT USD 20260507                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |            1 | NC      | $-45998.73     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH MORTGAGE INVESTOR 2005-HE1                                     | MERRILL LYNCH MORTGAGE INVESTO MLMI 2005 HE1 M2               | CUSIP: 59020UUX1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       144572 | PA      | $145966.17     | 0.00%             | 2036-02-25      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| ALAMO RE LTD                                                                 | ALAMO RE LTD UNSECURED 144A 06/26 VAR                         | CUSIP: 011395AQ3<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |       450000 | PA      | $458775.00     | 0.01%             | 2026-06-08      | Floating      | 15.39%                | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 3907                                                      | FREDDIE MAC FHR 3907 MS                                       | CUSIP: 3137AEE68<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        14801 | PA      | $40.79         | 0.00%             | 2026-08-15      | Floating      | 2.86%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2025-NQM1                                | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2025 NQM1 B3 144A          | CUSIP: 64832DAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10971000 | PA      | $10345615.70   | 0.24%             | 2065-01-25      | Variable      | 7.02%                 | No            |                  2 | On Loan: No      |
| MULTIPLAN INC (MPH ACQUISITION HOLDINGS LLC)                                 | MPH ACQUISITION HOLDINGS SR SECURED 144A 12/30 11.5           | CUSIP: 553283AF9<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |      8040547 | PA      | $7276154.23    | 0.17%             | 2030-12-31      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| WHLN 2025-CV3-PF-FF5                                                         | WHLN 2025 CV3 PF FF5                                          | CUSIP: 958BHMII4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     24931009 | PA      | $24886260.90   | 0.59%             | 2027-10-01      | Fixed         | 8.62%                 | Yes           |                  3 | On Loan: No      |
| ORANGE CAPITAL RE DESIGNATED ACTIVITY COMPANY                                | ORANGE CAPITAL RE DAC SR UNSECURED 144A 01/29 VAR             | CUSIP: ACI2S2B04<br>LEI: 635400PXTZAPQFEPH515 | Long             | DBT              | CORP              | IE        |       300000 | PA      | $364370.22     | 0.01%             | 2029-01-17      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| SFO COMMERCIAL MORTGAGE TRUST 2021-555                                       | SFO COMMERICAL MORTGAGE TRUST SFO 2021 555 E 144A             | CUSIP: 78432WAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10000000 | PA      | $9893461.00    | 0.23%             | 2038-05-15      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -2124228 | PA      | $-2168872.28   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN MTGE ACQUIS CORP 2007-CH1                                          | JP MORGAN MORTGAGE ACQUISITION JPMAC 2007 CH1 MF1             | CUSIP: 46630LAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       600000 | PA      | $618100.32     | 0.01%             | 2036-11-25      | Variable      | 6.29%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MOR-2007-LD11                                     | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2007 LD11 AJ             | CUSIP: 46631BAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14792890 | PA      | $2640064.97    | 0.06%             | 2049-06-15      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT JPY SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |            1 | NC      | $-1822.96      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT CNH SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |            1 | NC      | $45505.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LOAN TR 2007-OA7                                     | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2007 OA7 A2A             | CUSIP: 126680AD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2339139 | PA      | $1534533.37    | 0.04%             | 2047-05-25      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOANS 2006-HYB5                                             | COUNTRYWIDE HOME LOANS CWHL 2006 HYB5 3A1A                    | CUSIP: 170256AK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        46563 | PA      | $41498.19      | 0.00%             | 2036-09-20      | Variable      | 4.66%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO NATEXIS BANQUE REVERSE REPO                      | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -434884 | PA      | $-436133.06    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | DEUTSCHE REVERSE REPO GBP ZCP                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |     -1131602 | PA      | $-1502167.90   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| LAKESIDE CDO I LTD/LAKESIDE CDO I INC 2004-1A                                | LAKESIDE CDO LTD LAKES 2004 1A A2A 144A                       | CUSIP: 51210VAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     14637134 | PA      | $3393443.97    | 0.08%             | 2040-01-03      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES K071            | FHLMC MULTIFAMILY STRUCTURED P FHMS K071 X3                   | CUSIP: 3137FCLG7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     24637000 | PA      | $747294.41     | 0.02%             | 2045-11-25      | Variable      | 2.01%                 | No            |                  2 | On Loan: No      |
| NEWFOLD DIGITAL HOLDINGS GROUP INC                                           | NEWFOLD DIGITAL HLDGS GR SR SECURED 144A 04/29 11.75          | CUSIP: 650929AC6<br>LEI: 549300UTQC2651SB0W88 | Long             | DBT              | CORP              | US        |      3709997 | PA      | $2997454.98    | 0.07%             | 2029-04-30      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST 2024-PT2                                      | PAGAYA AI DEBT SELECTION TRUST PAID 2024 PT2 D 144A           | CUSIP: 69546YAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       469687 | PA      | $469610.49     | 0.01%             | 2032-04-15      | Fixed         | 6.26%                 | No            |                  3 | On Loan: No      |
| LENDINGPOINT 2022-B ASSET SECURITIZATION TRUST                               | LENDINGPOINT ASSET SECURITIZAT LDPT 2022 B B 144A             | CUSIP: 52606WAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        45108 | PA      | $45097.05      | 0.00%             | 2029-10-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -712585 | PA      | $-714303.99    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2015-C                                      | SMB PRIVATE EDUCATION LOAN TRU SMB 2015 C R 144A              | CUSIP: 78448R106<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         9980 | PA      | $2371795.85    | 0.06%             | 2046-09-18      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | SOLD ZAR BOUGHT USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |            1 | NC      | $58506.44      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -3215992 | PA      | $-3227945.27   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| BFLD TRUST 2020-EYP                                                          | BFLD TRUST BFLD 2020 EYP D 144A                               | CUSIP: 05493AAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       950000 | PA      | $9984.98       | 0.00%             | 2035-10-15      | Floating      | 6.74%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -3156328 | PA      | $-3184170.32   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| GATEWAY RE LTD                                                               | GATEWAY RE LTD UNSECURED 144A 07/29 VAR                       | CUSIP: 36779CAU0<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |       550000 | PA      | $550000.00     | 0.01%             | 2029-07-06      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| SOUNDVIEW HOME EQUITY LOAN TRU 2005-CTX1                                     | SOUNDVIEW HOME EQUITY LOAN TRU SVHE 2005 CTX1 M5              | CUSIP: 83611PBY6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       403484 | PA      | $401200.08     | 0.01%             | 2035-11-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| CIT MTGE LOAN TRUST 2007-1                                                   | CIT MORTGAGE LOAN TRUST CITM 2007 1 1M2 144A                  | CUSIP: 12559QAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     29726500 | PA      | $29655679.59   | 0.70%             | 2037-10-25      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| C-BASS LTD 13A                                                               | C BASS LTD CBCL 13A A 144A                                    | CUSIP: 12498FAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     51642206 | PA      | $487450.78     | 0.01%             | 2040-03-17      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT KWD SOLD USD 20270610                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-1840.92      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -116677 | PA      | $-117021.97    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -846300 | PA      | $-846968.58    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -3866500 | PA      | $-3877050.17   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL INC 2005-HE2                                          | MORGAN STANLEY CAPITAL INC MSAC 2005 HE2 M6                   | CUSIP: 61744CNG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       261419 | PA      | $234459.44     | 0.01%             | 2035-01-25      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| MASTR ADJUSTABLE RATE MORTGAGES TRUST 2005-3 2005-3                          | MASTR ADJUSTABLE RATE MORTGAGE MARM 2005 3 B1                 | CUSIP: 576433YZ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       678118 | PA      | $498088.25     | 0.01%             | 2035-04-25      | Variable      | 4.40%                 | No            |                  2 | On Loan: No      |
| CSWF 2021-SOP2                                                               | CREDIT SUISSE COMMERCIAL MORTG CSWF 2021 SOP2 A 144A          | CUSIP: 12657VAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       671043 | PA      | $660102.19     | 0.02%             | 2034-06-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | ARGENTINA LA SP BOA                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |            1 | NC      | $1763.84       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPE LOOKOUT RE LTD                                                          | CAPE LOOKOUT RE LTD UNSECURED 144A 03/33 VAR                  | CUSIP: 13947LAH5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       800000 | PA      | $800000.00     | 0.02%             | 2033-03-21      | Floating      | 8.76%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | WEST MARINE NEW WARRANT WARRWM911                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |         6096 | NC      | $0.00          | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -14655146 | PA      | $-14690106.82  | -0.35%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                           | TREASURY BILL 06/26 0.00000                                   | CUSIP: 912797TU1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      1800000 | PA      | $1788819.34    | 0.04%             | 2026-06-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -3027375 | PA      | $-3032218.80   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| CIRCOR                                                                       | CIRCOR INTERNATIONAL INC 2023 REVOLVER                        | CUSIP: 948FVPII5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |       734483 | PA      | $743000.37     | 0.02%             | 2029-06-20      | Floating      | 0.50%                 | No            |                  3 | On Loan: No      |
| COREWEAVE COMPUTE ACQUISITION CO II LLC                                      | COREWEAVE CMPTE ACQU CO II LLC 2024 DELAYED DRAW TERM LOAN    | CUSIP: BA0004JK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     24629200 | PA      | $25381363.31   | 0.60%             | 2029-05-30      | Floating      | 9.70%                 | No            |                  3 | On Loan: No      |
| SIERRA MADRE FUNDING LTD 2004-1A                                             | SIERRA MADRE FUNDING LTD MADRE 2004 1A A2 144A                | CUSIP: 82639RAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     16000000 | PA      | $4879072.00    | 0.12%             | 2039-09-07      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |       -36790 | PA      | $-37040.26     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1657500 | PA      | $-1661673.22   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| CERBA HEALTHCARE (CHROME BIDCO)                                              | CERBA HEALTHCARE S A S 2022 EUR TERM LOAN C                   | CUSIP: 944ZQDII8<br>LEI: 9845000C1FYE89DC8677 | Long             | LON              | CORP              | FR        |     20800000 | PA      | $17755385.11   | 0.42%             | 2029-02-16      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| AEGIS ASSET BACKED SEC TR 2004-3                                             | AEGIS ASSET BACKED SECURITIES AABST 2004 3 B2                 | CUSIP: 00764MCK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       638439 | PA      | $576187.48     | 0.01%             | 2034-09-25      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MTGE LOAN TRUST INC 2005-4                                         | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2005 4 B1                 | CUSIP: 17307GWF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2459683 | PA      | $2303847.32    | 0.05%             | 2035-08-25      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| WESTMET GROUP HOLDINGS LLC                                                   | EQTYWM927 WESTMORELAND MINING                                 | CUSIP: 952XGJII0<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       284189 | NS      | $1207804.14    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BFLD TRUST 2020-EYP                                                          | BFLD TRUST BFLD 2020 EYP E 144A                               | CUSIP: 05493AAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7000000 | PA      | $52570.00      | 0.00%             | 2035-10-15      | Floating      | 7.49%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260422                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $7379.19       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GHANA GOVT                                                                   | REPUBLIC OF GHANA SR UNSECURED 144A 07/26 0.0000              | CUSIP: 374422AL7<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |        20800 | PA      | $20448.26      | 0.00%             | 2026-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TBW MTGE BACKED PASS THRU CERT 2006-4                                        | TBW MORTGAGE BACKED PASS THROU TBW 2006 4 A5                  | CUSIP: 872224AF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4165777 | PA      | $1693807.17    | 0.04%             | 2036-09-25      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| PURPLE RE LTD                                                                | PURPLE RE LTD UNSECURED 144A 06/33 VAR                        | CUSIP: 74639NAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       800000 | PA      | $800000.00     | 0.02%             | 2033-06-07      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | DEUTSCHE REVERSE REPO GBP ZCP                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |     -5897150 | PA      | $-7899785.86   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| ARM MUSTANG EXPRESS HOLDCO LLC                                               | MUSTANG EXPRESS SERIES A PFD                                  | CUSIP: 990ABAYE9<br>LEI: N/A                  | Long             | EP               | CORP              | US        |        36460 | NS      | $38927861.54   | 0.92%             |  |  |  | No            |                  3 | On Loan: No      |
| SOLERA LLC (POLARIS NEWCO LLC)                                               | POLARIS NEWCO LLC GBP TERM LOAN B                             | CUSIP: 73108RAD0<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |      4986945 | PA      | $5489623.22    | 0.13%             | 2028-06-02      | Floating      | 8.98%                 | No            |                  2 | On Loan: No      |
| AEGIS ASSET BACKED SECURITIES TR 2005-3                                      | AEGIS ASSET BACKED SECURITIES AABST 2005 3 M2                 | CUSIP: 00764MFS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        17580 | PA      | $17488.68      | 0.00%             | 2035-08-25      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| MRCD 2019-PARK MORTGAGE TRUST                                                | MRCD MORTGAGE TRUST MRCD 2019 PARK J 144A                     | CUSIP: 55348UBA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3125000 | PA      | $1381250.00    | 0.03%             | 2036-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CHEVY CHASE MORTGAGE FUND CORP 2005-1A                                       | CHEVY CHASE MORTGAGE FUNDING C CCMFC 2005 1A B1 144A          | CUSIP: 16678RCV7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2768226 | PA      | $2070505.61    | 0.05%             | 2036-01-25      | Floating      | 4.16%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MTGE ACQUIS CORP 2007-CH1                                          | JP MORGAN MORTGAGE ACQUISITION JPMAC 2007 CH1 MF2             | CUSIP: 46630LAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1657698 | PA      | $2489683.36    | 0.06%             | 2036-11-25      | Variable      | 6.34%                 | No            |                  2 | On Loan: No      |
| PALISADES CDO LTD. 2004-1A                                                   | PALISADES CDO LTD PALIS 2004 1A B1 144A                       | CUSIP: 696399AD6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     20888934 | PA      | $6823453.93    | 0.16%             | 2039-07-22      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF AMERICA REVERSE REPO                     | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -5029920 | PA      | $-5033510.81   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRY GARDEN HOLDINGS COMPANY LIMITED                                      | COUNTRY GARDEN HLDGS SR UNSECURED 12/31 0.00000               | CUSIP: ACI37QDK6<br>LEI: 549300MGHLPT1EFHGF84 | Long             | DBT              | CORP              | KY        |       472819 | PA      | $52908.45      | 0.00%             | 2031-12-31      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1298800 | PA      | $-1314475.79   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |     -6749486 | PA      | $-8939849.67   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1941000 | PA      | $-1953034.20   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260407                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $-256.85       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPOS                                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |     -2726282 | PA      | $-3639410.85   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                                 | ECOPETROL SA SR UNSECURED 02/32 7.75                          | CUSIP: 279158AW9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |      2900000 | PA      | $2931014.02    | 0.07%             | 2032-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GOLDEN BEAR RE LTD SERIES 2026-1                                             | GOLDEN BEAR RE LTD UNSECURED 144A 03/32 VAR                   | CUSIP: 38090EAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      1100000 | PA      | $1100000.00    | 0.03%             | 2032-03-08      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| FIRST FRANKLIN MTG LN ASST BKD 2005-FF2                                      | FIRST FRANKLIN MTG LOAN ASSET FFML 2005 FF2 M6                | CUSIP: 36242DN74<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       566372 | PA      | $546033.75     | 0.01%             | 2035-03-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-ASH8               | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2018 ASH8 E 144A         | CUSIP: 46649JAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     17360759 | PA      | $16608604.59   | 0.39%             | 2035-02-15      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| US RENAL CARE INC                                                            | U S RENAL CARE INC 2025 TERM LOAN                             | CUSIP: BA000SL02<br>LEI: 54930058SS5MF69JGN89 | Long             | LON              | CORP              | US        |     38360000 | PA      | $39080481.36   | 0.92%             | 2030-09-25      | Floating      | 9.67%                 | No            |                  3 | On Loan: No      |
| VIRIDIEN                                                                     | VIRIDIEN SR SECURED REGS 10/30 8.5                            | CUSIP: ACI2VMKZ9<br>LEI: 969500FCVQ5SLAAUJV59 | Long             | DBT              | CORP              | FR        |      1175474 | PA      | $1430068.82    | 0.03%             | 2030-10-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| WHLN-2018-TOCU4                                                              | WHLN92622 WHLN RTL PFLX                                       | CUSIP: 964EJZII9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      2819376 | PA      | $2359980.58    | 0.06%             | 2049-06-01      | Fixed         | 8.00%                 | Yes           |                  3 | On Loan: No      |
| UKRAINE GOVT                                                                 | UKRAINE GOVERNMENT SR UNSECURED 144A 02/35 VAR                | CUSIP: 903724CF7<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |       777891 | PA      | $360941.42     | 0.01%             | 2035-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2018-2                            | FREDDIE MAC   SCRT SCRT 2018 2 BX                             | CUSIP: 35563PFX2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1410508 | PA      | $534863.35     | 0.01%             | 2057-11-25      | Variable      | 1.61%                 | No            |                  2 | On Loan: No      |
| MARLETTE FUNDING TRUST 2019-2                                                | MARLETTE FUNDING TRUST MFT 2019 2A CERT 144A                  | CUSIP: 57109H102<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         4409 | PA      | $0.00          | 0.00%             | 2029-07-16      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| WELLS FARGO MORTGAGE BACKED SECURITIES 2005-AR14                             | WELLS FARGO MORTGAGE BACKED SE WFMBS 2005 AR14 B1             | CUSIP: 94982DAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       837156 | PA      | $686966.87     | 0.02%             | 2035-08-25      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 26-NQM2                                  | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2026 NQM2 B3 144A          | CUSIP: 64832MAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4231729 | PA      | $3828081.30    | 0.09%             | 2065-12-25      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| MERLIN ENTERTAINMENTS (MOTION FINCO SARL)                                    | MOTION FINCO SARL 2024 USD TERM LOAN B                        | CUSIP: L6526BAG9<br>LEI: 2549002L1LBQZKA7UN30 | Long             | LON              | CORP              | LU        |      6652078 | PA      | $5851467.26    | 0.14%             | 2029-11-12      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MRTG CAPITAL CERT 2006-6                                       | CREDIT SUISSE MORTGAGE TRUST CSMC 2006 6 2A5                  | CUSIP: 22942JAR4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       487734 | PA      | $92807.61      | 0.00%             | 2036-07-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ARGENT SECURITIES INC 2005-W4                                                | ARGENT SECURITIES INC. ARSI 2005 W4 A2D                       | CUSIP: 040104PT2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       165136 | PA      | $135598.08     | 0.00%             | 2036-02-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| WESTMORELAND MINING HOLDINGS LLC                                             | WESTMORELAND MINING HOLDINGS L COMMON                         | CUSIP: 935ZXN908<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        89637 | NS      | $53221.81      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MERCURY AGGREGATOR LP                                                        | MERCURY AGGREGATOR L P TRANCHE 2 TERM LOAN                    | CUSIP: BA000FDW9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      1843462 | PA      | $0.02          | 0.00%             | 2027-04-03      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-C7                                  | CITIGROUP COMMERCIAL MORTGAGE CGCMT 2019 C7 805C 144A         | CUSIP: 17328CBP6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2800000 | PA      | $620379.20     | 0.01%             | 2072-12-15      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| PIMCO FUNDS                                                                  | PIMCO PRV SHORT TERM FLT III MUTUAL FUND                      | CUSIP: 000000000<br>LEI: LWVQWTQCFH3YG7CVH718 | Long             | STIV             | RF                | US        |     49320462 | PA      | $480331980.05  | 11.33%            |  |  |  | No            |                  1 | On Loan: No      |
| BBCCRE TRUST 2015-GTP                                                        | BBCCRE TRUST BBCCR 2015 GTP A 144A                            | CUSIP: 05490TAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3900000 | PA      | $3646472.70    | 0.09%             | 2033-08-10      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260821                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-101568.08    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2020-RPL1                                | GS MORTGAGE BACKED SECURITIES GSMBS 2020 RPL1 X 144A          | CUSIP: 36260AAQ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     37969734 | PA      | $618268.78     | 0.01%             | 2059-07-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD INR BOUGHT USD 20260407                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $44.72         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ACE SECURITIES CORP HOME EQUITY LOAN TRUST SERIES 2005-HE3                   | ACE SECURITIES CORP. ACE 2005 HE3 M3                          | CUSIP: 004421NE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         1182 | PA      | $1180.43       | 0.00%             | 2035-05-25      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $-309.49       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| IVANTI SOFTWARE INC                                                          | IVANTI SOFTWARE INC 2025 1ST LIEN TERM LOAN                   | CUSIP: 46583DAH2<br>LEI: 254900GHAXAYKWDX9F60 | Long             | LON              | CORP              | US        |     24115525 | PA      | $16366603.90   | 0.39%             | 2029-06-01      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| NOMURA RESECURITIZATION TRUST 2015-1R                                        | NOMURA RESECURITIZATION TRUST NMRR 2015 1R 2A8 144A           | CUSIP: 65540TAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6551333 | PA      | $5838295.73    | 0.14%             | 2036-10-26      | Floating      | 3.98%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -15368350 | PA      | $-15692169.67  | -0.37%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD INR BOUGHT USD 20260407                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $35.68         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SBNA AUTO RECEIVABLES TRUST 2025-SF1                                         | SBNA AUTO RECEIVABLES TRUST SBAT 2025 SF1 F 144A              | CUSIP: 78437XAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1600000 | PA      | $1616757.28    | 0.04%             | 2033-06-15      | Fixed         | 8.71%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 26-NQM2                                  | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2026 NQM2 XS 144A          | CUSIP: 64832MAM3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    279396489 | PA      | $10486029.63   | 0.25%             | 2065-12-25      | Variable      | 1.66%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260407                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $-291.97       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AMERIQUEST MTGE SECURITIES INC 2005-R9                                       | AMERIQUEST MORTGAGE SECURITIES AMSI 2005 R9 M3                | CUSIP: 03072SQ57<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       400000 | PA      | $357165.76     | 0.01%             | 2035-11-25      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260430                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-65263.07     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT-BASED ASSET SERV & SEC 2004-CB4                                       | CREDIT BASED ASSET SERVICING A CBASS 2004 CB4 M2              | CUSIP: 12489WJS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1084277 | PA      | $859689.60     | 0.02%             | 2035-05-25      | Variable      | 6.77%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260424                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $-9.36         | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOHO TRUST 2021-SOHO                                                         | SOHO TRUST 2021 SOHO SOHO 2021 SOHO B 144A                    | CUSIP: 83410JAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1530000 | PA      | $1240211.42    | 0.03%             | 2038-08-10      | Variable      | 2.70%                 | No            |                  2 | On Loan: No      |
| KRONOS FUNDING                                                               | KRONOS CLASS D PLACEHODER 144A 4728939A6                      | CUSIP: 990ADDMZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10914000 | PA      | $13752378.18   | 0.32%             | 2026-04-15      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -7736765 | PA      | $-7795319.82   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.75000 06/20/24-5Y LCH                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $-62197.24     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PURPLE RE LTD                                                                | PURPLE RE LTD UNSECURED 144A 04/30 VAR                        | CUSIP: 74639NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      7895000 | PA      | $7946317.50    | 0.19%             | 2030-04-24      | Floating      | 16.69%                | No            |                  2 | On Loan: No      |
| BRIDGEGATE FUNDING PLC 2023-1A                                               | BRIDGEGATE FUNDING PLC BRGTE 2023 1A Z 144A                   | CUSIP: ACI2C6QG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |     25556000 | PA      | $30527904.81   | 0.72%             | 2062-10-16      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| CDK GLOBAL (CENTRAL PARENT INC/CENTRAL MERGER SUB INC)                       | CNTRL PARENT/CDK GLB INC SR SECURED 144A 06/29 7.25           | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11710000 | PA      | $8440309.21    | 0.20%             | 2029-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BRIDGEGATE FUNDING PLC 2023-1A                                               | BRIDGEGATE FUNDING PLC BRGTE 2023 1A F 144A                   | CUSIP: ACI2C6Q06<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |     15333000 | PA      | $20287766.16   | 0.48%             | 2062-10-16      | Floating      | 9.74%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260428                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $15179.45      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FREMONT HOME LOAN TRUST 2005-1                                               | FREMONT HOME LOAN TRUST FHLT 2005 1 M5                        | CUSIP: 35729PJF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       115545 | PA      | $115519.29     | 0.00%             | 2035-06-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| INTEGRITY RE III LTD                                                         | INTEGRITY RE III UNSECURED 144A 06/29 VAR                     | CUSIP: 45870GAJ5<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |       300000 | PA      | $300000.00     | 0.01%             | 2029-06-07      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -12443448 | PA      | $-12525243.30  | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |
| POPULAR ABS MTGE PASS THRU TRUST 2006-D                                      | POPULAR ABS MORTGAGE PASS THRO POPLR 2006 D M1                | CUSIP: 73316QAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8601846 | PA      | $7746305.05    | 0.18%             | 2036-11-25      | Floating      | 4.26%                 | No            |                  2 | On Loan: No      |
| CORESTATE CAPITAL HOLDING SA                                                 | CORESTATE CAPITAL HOLD SR UNSECURED REGS 12/28 8              | CUSIP: ACI11QWM1<br>LEI: 529900GNB86RB7HRX793 | Long             | DBT              | CORP              | LU        |      1375138 | PA      | $826515.90     | 0.02%             | 2028-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| URSA RE LTD                                                                  | URSA RE LTD UNSECURED 144A 02/28 VAR                          | CUSIP: 90323WAR1<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |      1900000 | PA      | $1942750.00    | 0.05%             | 2028-02-22      | Floating      | 11.04%                | No            |                  2 | On Loan: No      |
| PUTNAM STRUCTURED PRODUCT FUNDING 2003-1A LTD                                | PUTNAM STRUCTURED PRODUCT FUND PTNM 2003 1A B 144A            | CUSIP: 74686PAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      2366334 | PA      | $1220964.23    | 0.03%             | 2038-10-15      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT GBP SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |            1 | NC      | $-122381.88    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MARGATE FUNDING LTD                                                          | MARGATE FUNDING LTD MGATE 2004 1A A1J 144A                    | CUSIP: 56659NAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     29618000 | PA      | $0.30          | 0.00%             | 2044-12-04      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI FIBER HOLDINGS INC / CSL CAPITAL LLC                  | UNITI GRP/UNITI HLD/CSL COMPANY GUAR 144A 01/30 6             | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     36076000 | PA      | $33970662.72   | 0.80%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2005-3                                         | COUNTRYWIDE ASSET BACKED CERTI CWL 2005 3 MV6                 | CUSIP: 126673B92<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       130992 | PA      | $130256.77     | 0.00%             | 2035-08-25      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET SEC CORP 2007-WF2                                           | STRUCTURED ASSET SECURITIES CO SASC 2007 WF2 A3               | CUSIP: 86364LAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |          401 | PA      | $401.26        | 0.00%             | 2037-08-25      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| OPTION ONE MORTGAGE LOAN TRUST 2005-4                                        | OPTION ONE MORTGAGE LOAN TRUST OOMLT 2005 4 M4                | CUSIP: 68389FJL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6336613 | PA      | $5469983.08    | 0.13%             | 2035-11-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| SOUNDVIEW HOME EQUITY LOAN 2001-2                                            | SOUNDVIEW HOME EQUITY LOAN TRU SVHE 2001 2 M2                 | CUSIP: 83611PAS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        17673 | PA      | $21220.48      | 0.00%             | 2030-03-25      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| MCDERMOTT INTERNATIONAL LTD                                                  | MCDERMOTT INTERNATIONAL LTD COMMON STOCK USD1.0               | CUSIP: G5924V148<br>LEI: 54930004RAXI4B3L4752 | Long             | EC               | CORP              | BM        |          461 | NS      | $11386.70      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLP TRUST 2021-NYC                                                          | DOLP TRUST DOLP 2021 NYC F 144A                               | CUSIP: 23345LAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7950000 | PA      | $6143440.41    | 0.14%             | 2041-05-10      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOANS 2005-9                                                | COUNTRYWIDE HOME LOANS CWHL 2005 9 1A5                        | CUSIP: 12669GZS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1762315 | PA      | $1446646.39    | 0.03%             | 2035-05-25      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2026-NQM2                                | GS MORTGAGE BACKED SECURITIES GSMBS 2026 NQM2 X 144A          | CUSIP: 362972AM3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    204012244 | PA      | $9606732.55    | 0.23%             | 2061-11-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| 123 LIGHTS RE LTD                                                            | 123 LIGHTS RE LTD UNSECURED 144A 09/31 VAR                    | CUSIP: 68302QAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       700000 | PA      | $722575.00     | 0.02%             | 2031-09-14      | Floating      | 14.51%                | No            |                  2 | On Loan: No      |
| MORGAN STANLEY MORTGAGE TRUST-2004-6AR                                       | MORGAN STANLEY MORTGAGE LOAN T MSM 2004 6AR 1M2               | CUSIP: 61748HBH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        84350 | PA      | $82291.57      | 0.00%             | 2034-07-25      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -9216000 | PA      | $-9304128.00   | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| PEOPLE'S CHOICE HOME LN SEC TR 2005-2                                        | PEOPLE S CHOICE HOME LOAN SECU PCHLT 2005 2 M5                | CUSIP: 71085PCE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       200000 | PA      | $144673.84     | 0.00%             | 2035-05-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| ACE SECURITIES CORP 2006-OP1                                                 | ACE SECURITIES CORP. ACE 2006 OP1 M1                          | CUSIP: 00442PAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7943500 | PA      | $6399332.06    | 0.15%             | 2036-04-25      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2022-1                            | FREDDIE MAC   SCRT SCRT 2022 1 BXS 144A                       | CUSIP: 35563PD71<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     19088791 | PA      | $7725220.20    | 0.18%             | 2061-11-25      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO NATEXIS BANQUE REVERSE REPO                      | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -6346183 | PA      | $-6368076.98   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| ABSLT DE 2024 LLC                                                            | ABSLT DE 2024 LLC CLN 2024 1 05/33 1                          | CUSIP: 00401BAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     31400000 | PA      | $30877507.45   | 0.73%             | 2033-05-20      | Floating      | 12.18%                | No            |                  3 | On Loan: No      |
| ENCORE CREDIT RECEIVABLES TR 2005-1                                          | ENCORE CREDIT RECEIVABLES TRUS ECR 2005 1 M3                  | CUSIP: 126673VR0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        78778 | PA      | $74966.49      | 0.00%             | 2035-07-25      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| PARK PLACE SECURITIES INC 2004-MHQ1                                          | PARK PLACE SECURITIES INC PPSI 2004 MHQ1 M6                   | CUSIP: 70069FDA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     17380174 | PA      | $14723607.87   | 0.35%             | 2034-12-25      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| CMO PLACEHOLDER                                                              | PROJECT NOVA TERM LOAN                                        | CUSIP: BA000QBV9<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |       800000 | PA      | $800000.00     | 0.02%             | 2026-08-31      | Floating      | 6.59%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | RFRF USD SF+26.161/1.4* 08/17/23-5Y CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $5479284.07    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| MULTIPLAN INC (MPH ACQUISITION HOLDINGS LLC)                                 | MPH ACQUISITION HOLDINGS SR SECURED 144A 12/30 5.75           | CUSIP: 553283AG7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |     40848005 | PA      | $31293882.52   | 0.74%             | 2030-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO NATEXIS BANQUE REVERSE REPO                      | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -2496772 | PA      | $-2503104.09   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| NEWFOLD DIGITAL HOLDINGS GROUP INC                                           | NEWFOLD DIGITAL HLDGS GRP INC. 2025 NEW MONEY TRANCHE A TL    | CUSIP: 65131PAB5<br>LEI: 549300UTQC2651SB0W88 | Long             | LON              | CORP              | US        |      1967764 | PA      | $1495500.63    | 0.04%             | 2029-04-30      | Floating      | 9.42%                 | No            |                  3 | On Loan: No      |
| WASHINGTON MUTUAL 2005-AR6                                                   | WAMU MORTGAGE PASS THROUGH CER WAMU 2005 AR6 B1               | CUSIP: 92922FJ74<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10243391 | PA      | $8689735.78    | 0.20%             | 2045-04-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| GSAMP TRUST 2005-WMC1                                                        | GSAMP TRUST GSAMP 2005 WMC1 M2                                | CUSIP: 362341PV5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4884732 | PA      | $4334345.62    | 0.10%             | 2035-09-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| BSST 2021-1818 MORTGAGE TRUST                                                | BSST MORTGAGE TRUST BSST 2021 1818 A 144A                     | CUSIP: 07403PAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6700000 | PA      | $5971866.11    | 0.14%             | 2036-03-15      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| CORESTATE CAPITAL HOLDING SA                                                 | CORESTATE CAPITAL HOLDING COMMON STOCK                        | CUSIP: ACI2J2G58<br>LEI: 529900GNB86RB7HRX793 | Long             | EC               | CORP              | LU        |       632951 | NS      | $0.73          | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260916                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |            1 | NC      | $-734257.12    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO NOMURA                                           | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -535856 | PA      | $-542291.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| IVANTI SECURITY HOLDINGS LLC                                                 | IVANTI SOFTWARE INC 2025 NEWCO TERM LOAN                      | CUSIP: 46583VAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      8177284 | PA      | $8187506.07    | 0.19%             | 2029-06-01      | Floating      | 9.41%                 | No            |                  2 | On Loan: No      |
| ASSET BACKED SEC HOME EQTY LN 2004-HE7                                       | ASSET BACKED SECURITIES CORP H ABSHE 2004 HE7 M2              | CUSIP: 04541GMD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        32903 | PA      | $33730.76      | 0.00%             | 2034-10-25      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| RBSSP RESECURITIZATION TRUST 2009-7                                          | RBSSP RESECURITIZATION TRUST RBSSP 2009 7 12A4 144A           | CUSIP: 75524MCB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2306234 | PA      | $1101372.72    | 0.03%             | 2037-10-26      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/4.10000 09/17/24-4Y* CME                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $3104474.55    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| GHANA GOVT                                                                   | REPUBLIC OF GHANA SR UNSECURED 144A 01/30 0.0000              | CUSIP: 374422AN3<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |       110650 | PA      | $93529.44      | 0.00%             | 2030-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2018-1                            | FREDDIE MAC   SCRT SCRT 2018 1 BX                             | CUSIP: 35563PEX3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     34971909 | PA      | $15055843.90   | 0.36%             | 2057-05-25      | Variable      | 3.43%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD CAD BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |            1 | NC      | $18205.70      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2005-AR8                                                   | WAMU MORTGAGE PASS THROUGH CER WAMU 2005 AR8 B1               | CUSIP: 92922FS74<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5134034 | PA      | $4254302.87    | 0.10%             | 2045-07-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2020-RPL1                                | GS MORTGAGE BACKED SECURITIES GSMBS 2020 RPL1 AIOS 144A       | CUSIP: 36260AAP1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     33549079 | PA      | $138901.57     | 0.00%             | 2059-07-25      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -1124151 | PA      | $-1131787.48   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                                 | ROMANIA SR UNSECURED REGS 09/34 6.25                          | CUSIP: ACI2TMW89<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |      3300000 | PA      | $3875754.19    | 0.09%             | 2034-09-10      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HERBIE RE LTD                                                                | HERBIE RE LTD UNSECURED 144A 01/30 VAR                        | CUSIP: 42703VAN3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       400000 | PA      | $400600.00     | 0.01%             | 2030-01-07      | Floating      | 7.76%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LN TR 2005-J1                                        | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 J1 M                | CUSIP: 12667FV44<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       161826 | PA      | $127803.24     | 0.00%             | 2035-02-25      | Variable      | 8.19%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFRF USD SF+26.161/2.2* 9/20/23-5Y* CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |            1 | NC      | $-1738795.69   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| BEAR STEARNS ABS INC 2004-FR1                                                | BEAR STEARNS ASSET BACKED SECU BSABS 2004 FR1 M3              | CUSIP: 073879DG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        63868 | PA      | $73588.30      | 0.00%             | 2034-07-25      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -9697296 | PA      | $-9714718.96   | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE SA RL                                                   | ION PLATFORM FINANCE SAR SR SECURED 144A 09/30 6.5            | CUSIP: ACI30SHJ8<br>LEI: 6488IU1F9M51Z3P60R77 | Long             | DBT              | CORP              | LU        |     10100000 | PA      | $9751183.76    | 0.23%             | 2030-09-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| US RENAL CARE INC                                                            | US RENAL CARE INC SR SECURED 144A 06/28 10.625                | CUSIP: 90355YAA5<br>LEI: 54930058SS5MF69JGN89 | Long             | DBT              | CORP              | US        |     21340900 | PA      | $17819651.50   | 0.42%             | 2028-06-28      | Fixed         | 10.62%                | No            |                  2 | On Loan: No      |
| JP MORGAN ALTERNATIVE LN TRUST 2006-A7                                       | J.P. MORGAN ALTERNATIVE LOAN T JPALT 2006 A7 2A6              | CUSIP: 466286AU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9760365 | PA      | $8032311.87    | 0.19%             | 2036-12-25      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BARCLAYS REV REPO EUR                                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |      -261324 | PA      | $-302434.94    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| EATON VANCE CDO LTD 2013-1A                                                  | EATON VANCE CDO LTD EATON 2013 1A SUB2 144A                   | CUSIP: 27830CAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     38315000 | PA      | $10282184.28   | 0.24%             | 2038-10-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260508                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-15268.40     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -743750 | PA      | $-749002.53    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | CITIGROUP REVERSE REPO                                        | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -454973 | PA      | $-455262.31    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MKP CBO IV LTD                                                               | MKP CBO LTD MKP 4A A2 144A                                    | CUSIP: 553121AC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     43784246 | PA      | $12910835.88   | 0.30%             | 2040-07-12      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260413                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $15399.31      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -4211102 | PA      | $-4222370.34   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| CDC MORTGAGE CAPITAL TRUST 2004-HE1                                          | CDC MORTGAGE CAPITAL TRUST CDCMC 2004 HE1 B1                  | CUSIP: 12506YCP2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       658900 | PA      | $660493.55     | 0.02%             | 2034-06-25      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260424                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $6701.84       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -2360855 | PA      | $-2383017.98   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                                 | UKRAINE GOVERNMENT SR UNSECURED 144A 02/34 VAR                | CUSIP: 903724CA8<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      1328710 | PA      | $712188.56     | 0.02%             | 2034-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2020-PTA                                    | SMB PRIVATE EDUCATION LOAN TRU SMB 2020 PTA R 144A            | CUSIP: 78449VAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5725268 | PA      | $6354767.40    | 0.15%             | 2054-09-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY ABS CAPITAL I 2003-NC8                                        | MORGAN STANLEY CAPITAL INC MSAC 2003 NC8 B3                   | CUSIP: 61746RDS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1543439 | PA      | $1617578.74    | 0.04%             | 2033-09-25      | Floating      | 9.42%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO ROYAL BANK OF CAN                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | N/A       |     -6708448 | PA      | $-7791915.06   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC / ION PLATFORM FINANCE SARL                      | ION PLAT FIN US/SARL SR SECURED 144A 05/28 5.75               | CUSIP: 46206AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6300000 | PA      | $5992684.11    | 0.14%             | 2028-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CMLTI 2005-HE4                                                               | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2005 HE4 M5               | CUSIP: 17307GQ27<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       682899 | PA      | $498470.29     | 0.01%             | 2035-10-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                           | US TREASURY N/B 08/35 4.25                                    | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      3284000 | PA      | $3272198.13    | 0.08%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CSMC SERIES 2015-4R                                                          | CREDIT SUISSE MORTGAGE TRUST CSMC 2015 4R 1A4 144A            | CUSIP: 12650BAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11540294 | PA      | $7791805.78    | 0.18%             | 2036-10-27      | Floating      | 4.04%                 | No            |                  2 | On Loan: No      |
| 1211 AVENUE OF THE AMERICAS TRUST 2015-1211                                  | 1211 AVENUE OF THE AMERICAS TR AOTA 2015 1211 C 144A          | CUSIP: 90117PAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3000000 | PA      | $2817375.00    | 0.07%             | 2035-08-10      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2021-R1                                           | VERUS SECURITIZATION TRUST VERUS 2021 R1 XS 144A              | CUSIP: 92538BAJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100409808 | PA      | $8681170.90    | 0.20%             | 2063-10-25      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| KRONOS FUNDING                                                               | KRONOS CLASS Z PLACEHODER 144A 2774259A4                      | CUSIP: 990ADDMW4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     18189000 | PA      | $0.24          | 0.00%             | 2026-04-15      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| LONG BEACH MORTGAGE LOAD TR 2005-WL2                                         | LONG BEACH MORTGAGE LOAN TRUST LBMLT 2005 WL2 M4              | CUSIP: 542514NE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1000000 | PA      | $929667.00     | 0.02%             | 2035-08-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE MORTGAGE AND ASSET RECEIVING CORP 2014-RS2                          | DEUTSCHE MORTGAGE AND ASSET RE DMARC 2014 RS2 1A2 144A        | CUSIP: 25160GAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1382571 | PA      | $970011.62     | 0.02%             | 2035-12-26      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL COLLEGIATE STUDENT LOAN TRUST                                       | NATL COLL STUDENT LOAN ASSET BACKED 144A 06/45 VAR            | CUSIP: 63543NAR2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |        50000 | PA      | $40373.19      | 0.00%             | 2045-06-01      | Fixed         | 7.29%                 | No            |                  2 | On Loan: No      |
| EUROSAIL PLC 2007-3X                                                         | EUROSAIL PLC ESAIL 2007 3X B1C REGS                           | CUSIP: ACI00RTY0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      1792096 | PA      | $2321552.89    | 0.05%             | 2045-06-13      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST 2024-PT2                                      | PAGAYA AI DEBT SELECTION TRUST PAID 2024 PT2 B 144A           | CUSIP: 69544PAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       302272 | PA      | $302467.43     | 0.01%             | 2032-04-15      | Fixed         | 5.62%                 | No            |                  3 | On Loan: No      |
| INCORA TOP HOLDCO LLC                                                        | INCORA TOP HOLDCO LLC CONV PIK PRE COMP                       | CUSIP: 955PRK007<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     28934742 | PA      | $43822274.10   | 1.03%             | 2033-01-30      | Fixed         | 6.00%                 | Yes           |                  3 | On Loan: No      |
| ARM MUSTANG EXPRESS HOLDCO LLC                                               | MUSTANG EXPRESS SERIES A PFD U MUSTANG EXPRESS SERIES A PFD U | CUSIP: 958LNU906<br>LEI: N/A                  | Long             | EP               | CORP              | US        |        79766 | NS      | $79766450.00   | 1.88%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -582011 | PA      | $-582023.69    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GSMSC RESECURITIZATION TRUST 2015-7R                                         | GS MORTGAGE SECURITIES CORP. GSMSC 2015 7R B 144A             | CUSIP: 36254RAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     38199049 | PA      | $14262111.54   | 0.34%             | 2037-09-26      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | PEMEX SNR LA SP CBK                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |            1 | NC      | $-682492.68    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| HESTIA RE LTD                                                                | HESTIA RE LTD UNSECURED 144A 03/32 VAR                        | CUSIP: 42815KAD4<br>LEI: 549300QRKQ1ZKOXEMZ38 | Long             | DBT              | CORP              | BM        |       400000 | PA      | $408820.00     | 0.01%             | 2032-03-13      | Floating      | 11.77%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS EUR 0.15000 06/17/20-10Y LCH                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |            1 | NC      | $116737.27     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD INR BOUGHT USD 20260407                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $56.08         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORTGAGE EQUITY CONVER ASSET TR 2010-1A                                      | MORTGAGE EQUITY CONVERSION ASS MECA 2010 1A A 144A            | CUSIP: 61911BAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        11857 | PA      | $11374.25      | 0.00%             | 2060-07-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EAST LANE RE VII LTD                                                         | EAST LANE RE VII LTD SR UNSECURED 144A 03/32 VAR              | CUSIP: 27332EAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |      1000000 | PA      | $1001700.00    | 0.02%             | 2032-03-31      | Floating      | 12.10%                | No            |                  2 | On Loan: No      |
| MERRILL LYNCH MORTGAGE INV INC 2004-WMC4                                     | MERRILL LYNCH MORTGAGE INVESTO MLMI 2004 WMC4 M3              | CUSIP: 59020UDH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       635871 | PA      | $624027.53     | 0.01%             | 2035-04-25      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | ARGENTINA LA SP MYC                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |            1 | NC      | $25939.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -6186908 | PA      | $-6229064.65   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| PURPLE RE LTD                                                                | PURPLE RE LTD UNSECURED 144A 06/27 VAR                        | CUSIP: 74639NAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       600000 | PA      | $618960.00     | 0.01%             | 2027-06-07      | Floating      | 12.68%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |     -3878300 | PA      | $-4484467.80   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2017-ASHF                                     | MORGAN STANLEY CAPITAL I TRUST MSC 2017 ASHF D 144A           | CUSIP: 61691KAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2500000 | PA      | $2472214.75    | 0.06%             | 2034-11-15      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY ABS CAPITAL I 2005-WMC5                                       | MORGAN STANLEY CAPITAL INC MSAC 2005 WMC5 B1                  | CUSIP: 61744CRX6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6212730 | PA      | $5168754.62    | 0.12%             | 2035-06-25      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| MEDIAPRO (SUBCALIDORA 2 SARL)                                                | SUBCALIDORA 2 2024 EUR TERM LOAN                              | CUSIP: BA0007DG2<br>LEI: N/A                  | Long             | LON              | CORP              | ES        |     27536000 | PA      | $31109163.00   | 0.73%             | 2029-08-14      | Floating      | 7.88%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | ARGENTINA LA SP BPS                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |            1 | NC      | $1763.84       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EUR SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-36572.01     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BANC OF AMERICA FUNDING TRUST 2015-R2                                        | BANC OF AMERICA FUNDING CORPOR BAFC 2015 R2 6A2 144A          | CUSIP: 05990TAV9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2463488 | PA      | $2681241.12    | 0.06%             | 2037-02-27      | Variable      | 4.11%                 | No            |                  2 | On Loan: No      |
| C-BASS CBO XVI CORP 16A                                                      | C BASS LTD CBCL 16A A 144A                                    | CUSIP: 12498YAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     21237598 | PA      | $102386.46     | 0.00%             | 2041-09-06      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                           | TREASURY BILL 06/26 0.00000                                   | CUSIP: 912797UC9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      7333000 | PA      | $7267158.83    | 0.17%             | 2026-06-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2025-NQM1                                | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2025 NQM1 XS 144A          | CUSIP: 64832DAK7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    236370478 | PA      | $6039880.28    | 0.14%             | 2065-01-25      | Variable      | 1.23%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -8737960 | PA      | $-8799124.26   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| AMERIQUEST MORTGAGE SECURITIES 2005-R7                                       | AMERIQUEST MORTGAGE SECURITIES AMSI 2005 R7 M4                | CUSIP: 03072SK38<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       313477 | PA      | $317081.16     | 0.01%             | 2035-09-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| STEPSTONE GROUP MIDCO 2 GMBH                                                 | STEPSTONE GROUP M 2 GMBH THE EUR TERM LOAN B                  | CUSIP: BA000BNR8<br>LEI: 894500DB5T5ENCFFQU61 | Long             | LON              | CORP              | US        |     32800000 | PA      | $33303128.66   | 0.79%             | 2032-04-26      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| VITALITY RE XVII LTD                                                         | VITALITY RE XVII LTD UNSECURED 144A 01/31 VAR                 | CUSIP: 92853KAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |       300000 | PA      | $300015.00     | 0.01%             | 2031-01-08      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO THE BANK OF NOVA REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -36806330 | PA      | $-36835994.78  | -0.87%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | WORLDLINE SNR SE ICE                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | FR        |            1 | NC      | $-180462.82    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260401                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $78576.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -25321487 | PA      | $-25564193.31  | -0.60%            |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LOAN TRUST 2005-58                                   | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 58 A2               | CUSIP: 12668AWJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       344157 | PA      | $355414.78     | 0.01%             | 2035-12-20      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| LONG BEACH MTGE LOAN TRUST 2004-5                                            | LONG BEACH MORTGAGE LOAN TRUST LBMLT 2004 5 M2                | CUSIP: 542514HE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       182375 | PA      | $186420.86     | 0.00%             | 2034-09-25      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| RR 7 LTD 2019-7A                                                             | RR LTD RRAM 2019 7A SUB 144A                                  | CUSIP: 74980CAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      5000000 | PA      | $1132226.00    | 0.03%             | 2120-01-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| N-STAR REL CDO VIII LTD 2006-8A                                              | N STAR REAL ESTATE CDO LTD NSTAR 2006 8A B 144A               | CUSIP: 62940FAD1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       580910 | PA      | $58.67         | 0.00%             | 2041-02-01      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| CITRUS RE LTD                                                                | CITRUS RE LTD UNSECURED 144A 06/33 VAR                        | CUSIP: 177510AT1<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |       300000 | PA      | $300000.00     | 0.01%             | 2033-06-07      | Floating      | 9.93%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | 3 MONTH SOFR FUT  MAR26 XCME 20260616                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          -64 | NC      | $52593.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD EUR BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $33754.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ASSET BACKED SEC CORP HOME EQ 2005-HE4                                       | ASSET BACKED SECURITIES CORP H ABSHE 2005 HE4 M6              | CUSIP: 04541GRQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       183611 | PA      | $182328.55     | 0.00%             | 2035-05-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| PROJECT CASHMERE                                                             | PROJECT CASHMERE CLASS F 144A                                 | CUSIP: 990ABJSF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | AU        |     15434000 | PA      | $10648691.16   | 0.25%             | 2057-12-30      | Floating      | 8.64%                 | No            |                  3 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2014-C20                | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2014 C20 E 144A          | CUSIP: 46642CAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       354608 | PA      | $18605.76      | 0.00%             | 2047-07-15      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | ZCS BRL 11.26 03/25/22-01/04/27 CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | BR        |            1 | NC      | $-22933.92     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -12568304 | PA      | $-12602465.22  | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |      -925560 | PA      | $-1072008.57   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BARCLAYS                                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |    -13340232 | PA      | $-17671746.54  | -0.42%            |  |  |  | No            |                  2 | On Loan: No      |
| ARGENTINA GOVT                                                               | REPUBLIC OF ARGENTINA BONDS 07/35 VAR                         | CUSIP: ACI1QL1M9<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |      1209000 | PA      | $857306.98     | 0.02%             | 2035-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2005-BC1                                       | COUNTRYWIDE ASSET BACKED CERTI CWL 2005 BC1 M5                | CUSIP: 126673YN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        31039 | PA      | $31041.51      | 0.00%             | 2035-05-25      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | N/A       |     -2950398 | PA      | $-3417004.29   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -6332191 | PA      | $-6351352.92   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| GREENPOINT MANUFACTURED HOUSING 1999-5                                       | GREENPOINT MANUFACTURED HOUSIN GPMH 1999 5 M2                 | CUSIP: 395383AG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        72078 | PA      | $72590.62      | 0.00%             | 2029-12-15      | Fixed         | 9.23%                 | No            |                  2 | On Loan: No      |
| GLOBAL SPORTS GROUP (GSG BIDCO LIMITED)                                      | GSG BIDCO LTD SR SECURED 144A 06/51 6.375                     | CUSIP: ACI38RD49<br>LEI: 984500F49D98F3GDZ668 | Long             | DBT              | CORP              | JE        |      5900000 | PA      | $6772836.71    | 0.16%             | 2051-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260408                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |            1 | NC      | $11753.15      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-NQM2                     | MORGAN STANLEY RESIDENTIAL MOR MSRM 2025 NQM2 AIOS 144A       | CUSIP: 617941AK5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     88240197 | PA      | $383284.53     | 0.01%             | 2070-01-25      | Variable      | 0.33%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY ABS CAPITAL I 2005-NC2                                        | MORGAN STANLEY CAPITAL INC MSAC 2005 NC2 M6                   | CUSIP: 61744CPM2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       252615 | PA      | $233914.92     | 0.01%             | 2035-03-25      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2026-NQM1                                | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2026 NQM1 XS 144A          | CUSIP: 64832LAM5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    278415692 | PA      | $8447299.16    | 0.20%             | 2065-11-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| STRATTON MORTGAGE FUNDING 2024-1 PLC 24-1A                                   | STRATTON MORTGAGE FUNDING PLC STRA 2024 1A X2 144A            | CUSIP: ACI2S8TR3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |       624000 | PA      | $930636.93     | 0.02%             | 2060-06-20      | Floating      | 8.73%                 | No            |                  2 | On Loan: No      |
| KEYCORP STUDENT LOAN TRUST 1999-B                                            | KEYCORP STUDENT LOAN TRUST 199 KSLT 1999 B                    | CUSIP: 934GPPII6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       100000 | PA      | $5126885.09    | 0.12%             | 2050-01-01      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| NEW CENTURY HOME EQUITY LOAN TR 2005-2                                       | NEW CENTURY HOME EQUITY LOAN T NCHET 2005 2 M6                | CUSIP: 64352VKY6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       365941 | PA      | $384105.56     | 0.01%             | 2035-06-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |      -108510 | PA      | $-108837.22    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VEON AMSTERDAM BV                                                            | VEON AMSTERDAM TERM LOAN                                      | CUSIP: BA000HL48<br>LEI: 549300EPG4HR574L4660 | Long             | LON              | CORP              | NL        |     14900000 | PA      | $14818788.74   | 0.35%             | 2027-03-25      | Floating      | 7.90%                 | No            |                  3 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                                     | IHEARTCOMMUNICATIONS INC 2024 TERM LOAN                       | CUSIP: 45174UAJ7<br>LEI: 54930076J6KDZL504O62 | Long             | LON              | CORP              | US        |      4728150 | PA      | $4158549.77    | 0.10%             | 2029-05-01      | Floating      | 9.56%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2005-3                                         | COUNTRYWIDE ASSET BACKED CERTI CWL 2005 3 MV8                 | CUSIP: 126673C34<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3488924 | PA      | $2944327.23    | 0.07%             | 2035-08-25      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| CITICORP RESIDENTIAL MORTGAGE SECURITIES INC 2006-3                          | CITICORP RESIDENTIAL MORTGAGE CRMSI 2006 3 M2                 | CUSIP: 17310NAH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5659836 | PA      | $5432796.12    | 0.13%             | 2036-11-25      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -2430567 | PA      | $-2438036.04   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2022-B                                      | SMB PRIVATE EDUCATION LOAN TRU SMB 2022 B R 144A              | CUSIP: 83206NAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         7992 | PA      | $7386959.79    | 0.17%             | 2055-02-16      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -3055982 | PA      | $-3076104.95   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| LUDGATE FUNDING PLC 2006-1X                                                  | LUDGATE FUNDING PLC LGATE 2006 1X RES REGS                    | CUSIP: ACI20ZV58<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |    375000000 | PA      | $499933.82     | 0.01%             | 2060-12-01      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| NATURE COAST RE LTD                                                          | NATURE COAST RE LTD UNSECURED 144A 02/30 VAR                  | CUSIP: 63901CAF8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       850000 | PA      | $847620.00     | 0.02%             | 2030-02-26      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| NUMERICABLE US LLC                                                           | ALTICE FRANCE SA 2025 TERM LOAN B13                           | CUSIP: BA000QF03<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |     10596193 | PA      | $10549835.13   | 0.25%             | 2029-05-14      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| VANTIVE HEALTH LLC                                                           | SPRUCE BIDCO II INC CAD TERM LOAN                             | CUSIP: BA000FPR7<br>LEI: 254900D597QQOG22WQ55 | Long             | LON              | CORP              | US        |       925642 | PA      | $659917.77     | 0.02%             | 2032-01-30      | Floating      | 7.00%                 | No            |                  3 | On Loan: No      |
| MORTGAGE FUNDING 2008-1 PLC                                                  | MORTGAGE FUNDING PLC MFD 2008 1 B1 REGS                       | CUSIP: ACI1690J6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      1700000 | PA      | $2253373.55    | 0.05%             | 2046-03-13      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ACCREDIT LOANS 2007-QS1                                          | RESIDENTIAL ACCREDIT LOANS, IN RALI 2007 QS1 1A1              | CUSIP: 74922KAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       106580 | PA      | $85047.27      | 0.00%             | 2037-01-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ASSET BACKED SECURITIES TRUST 2007-AQ1                          | BEAR STEARNS ASSET BACKED SECU BSABS 2007 AQ1 A2              | CUSIP: 07389VAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4983670 | PA      | $5076908.14    | 0.12%             | 2035-08-25      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -4861139 | PA      | $-4971635.07   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | N/A       |     -1600199 | PA      | $-1855245.21   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA HOME EQUITY LOAN INC 2006-FM1                                         | NOMURA HOME EQUITY LOAN INC NHELI 2006 FM1 M1                 | CUSIP: 65536HBY3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10778629 | PA      | $7899213.94    | 0.19%             | 2035-11-25      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT PLN SOLD USD 20260422                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |            1 | NC      | $-7584.02      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -18600727 | PA      | $-18644609.24  | -0.44%            |  |  |  | No            |                  2 | On Loan: No      |
| BMO 2022-C1 MORTGAGE TRUST                                                   | BMO 2022 C1 MORTGAGE TRUST BMO 2022 C1 111E 144A              | CUSIP: 05609MCS2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     12569000 | PA      | $11785469.91   | 0.28%             | 2055-02-17      | Variable      | 3.27%                 | No            |                  2 | On Loan: No      |
| PROJECT CASHMERE                                                             | PROJECT CASHMERE CLASS M 144A                                 | CUSIP: 990ABJSM9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | AU        |     13740000 | PA      | $9479915.55    | 0.22%             | 2057-12-30      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -6230555 | PA      | $-6270807.40   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| COMM 2021-2400 MORTGAGE TRUST                                                | COMM MORTGAGE TRUST COMM 2021 2400 G 144A                     | CUSIP: 20048FAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5260000 | PA      | $4846414.62    | 0.11%             | 2038-12-15      | Floating      | 9.79%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-NQM2                     | MORGAN STANLEY RESIDENTIAL MOR MSRM 2025 NQM2 B2 144A         | CUSIP: 617941AH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2000000 | PA      | $1969629.80    | 0.05%             | 2070-01-25      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| NEW CENTURY HOME EQUITY LOAN TR 2005-2                                       | NEW CENTURY HOME EQUITY LOAN T NCHET 2005 2 M4                | CUSIP: 64352VKW0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        75847 | PA      | $82069.12      | 0.00%             | 2035-06-25      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO LTD                                                          | NISSAN MOTOR CO SR UNSECURED 144A 07/30 7.5                   | CUSIP: 654922AB9<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |      1825000 | PA      | $1840597.11    | 0.04%             | 2030-07-17      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | NISSAN MOTOR CO LTD SNR JP SP BRC                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | JP        |            1 | NC      | $-139839.73    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TORREY PINES RE LTD                                                          | TORREY PINES RE LTD UNSECURED 144A 06/32 VAR                  | CUSIP: 89141WAJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       500000 | PA      | $518300.00     | 0.01%             | 2032-06-07      | Floating      | 10.66%                | No            |                  2 | On Loan: No      |
| OBOL FRANCE 25                                                               | OBOL FRANCE 3 SAS 2024 EUR TERM LOAN B                        | CUSIP: BA0006XM9<br>LEI: 969500K3AWY66FOPOS97 | Long             | LON              | CORP              | FR        |      7287068 | PA      | $8354324.34    | 0.20%             | 2028-12-31      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| BCAP LLC TRUST 2009-RR5                                                      | BCAP LLC TRUST BCAP 2009 RR5 5A2 144A                         | CUSIP: 05531UAK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5527650 | PA      | $4567303.08    | 0.11%             | 2037-05-26      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| MERCURY AGGREGATOR LP                                                        | MERCURY AGGREGATOR L P TRANCHE 1 TERM LOAN                    | CUSIP: BA000FDV1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      3422207 | PA      | $0.03          | 0.00%             | 2027-04-03      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| MRCD 2019-PRKC MORTGAGE TRUST                                                | MRCD 2019 PRKC MORTGAGE TRUST MRCD 2019 PRKC A 144A           | CUSIP: 55348UAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1700000 | PA      | $225072.52     | 0.01%             | 2036-12-15      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| VOYAGER AVIATION HOLDINGS LLC                                                | VOYAGER AVIATION HOLD SR SECURED 144A 05/26 8.5               | CUSIP: 92918XAA3<br>LEI: 549300KHOKL1CX4NIJ92 | Long             | DBT              | CORP              | US        |      9916917 | PA      | $0.10          | 0.00%             | 2026-05-09      | Fixed         | 8.50%                 | No            |                  3 | On Loan: No      |
| STEENBOK LUX FINCO 2 SARL                                                    | STEENBOK LUX FINCO 2 SARL 2023 EUR PIK TL B2 RESTRUCTURE      | CUSIP: 948FWLII3<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |     13016525 | PA      | $4062191.39    | 0.10%             | 2028-12-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD EUR BOUGHT USD 20260504                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |            1 | NC      | $-3437176.17   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| MULTIPLAN INC (MPH ACQUISITION HOLDINGS LLC)                                 | MPH ACQUISITION HOLDINGS LLC 2025 SECOND OUT TERM LOAN        | CUSIP: 55328HAQ4<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |     15058493 | PA      | $13408383.75   | 0.32%             | 2030-12-31      | Floating      | 8.53%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP 2021-NYAH                | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2021 NYAH H 144A         | CUSIP: 46654EAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5000000 | PA      | $3231302.50    | 0.08%             | 2038-06-15      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE                                                                | ALTICE FRANCE SA 2025 TERM LOAN B11                           | CUSIP: BA000QF29<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |      3406299 | PA      | $3393525.51    | 0.08%             | 2028-04-30      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO SOCIETE GENERALE                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |     -1827680 | PA      | $-2432573.98   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| BB GROVES                                                                    | BB GROVES DELAYED DRAW TERM LOAN                              | CUSIP: BA0008C06<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     56026805 | PA      | $56026804.91   | 1.32%             | 2027-03-31      | Floating      | 5.85%                 | Yes           |                  3 | On Loan: No      |
| WESTMORELAND MINING HOLDINGS LLC                                             | WESTMORELAND COAL CO PIK TERM LOAN                            | CUSIP: 96106JAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      2593509 | PA      | $1128176.47    | 0.03%             | 2029-03-15      | Fixed         | 7.92%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | BOUGHT GBP SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |            1 | NC      | $-2221.84      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD INR BOUGHT USD 20260407                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |            1 | NC      | $87.53         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN RESECURITIZATION TRUST SERIES 2014-7                               | JP MORGAN REREMIC JPMRR 2014 7 1C 144A                        | CUSIP: 46643WAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      7292434 | PA      | $1353153.02    | 0.03%             | 2036-05-26      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| NEWFOLD DIGITAL HOLDINGS GROUP INC                                           | NEWFOLD DIGITAL HLDGS GRP INC. 2025 TRANCHE B TERM LOAN       | CUSIP: 65131PAD1<br>LEI: 549300UTQC2651SB0W88 | Long             | LON              | CORP              | US        |      3676711 | PA      | $1213314.54    | 0.03%             | 2029-04-30      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| VERAISON RE LTD                                                              | VERAISON RE LTD UNSECURED 144A 03/34 VAR                      | CUSIP: 92335TAG4<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |       400000 | PA      | $400260.00     | 0.01%             | 2034-03-08      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                                 | UKRAINE GOVERNMENT SR UNSECURED 144A 02/30 VAR                | CUSIP: 903724CD2<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |       246331 | PA      | $145088.96     | 0.00%             | 2030-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| GMAC COMMERCIAL MORTGAGE ASSET CORPORATION 2003 BRAG                         | GMAC COMMERCIAL MORTGAGE ASSET GMACN 2003 BRAG CERT 144A      | CUSIP: 36185PAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       690575 | PA      | $675598.68     | 0.02%             | 2038-08-10      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| INDYMAC RESIDENTIAL ASSET BACKED 2005-D                                      | INDYMAC RESIDENTIAL ASSET BACK INABS 2005 D M2                | CUSIP: 456606JQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       301650 | PA      | $236724.08     | 0.01%             | 2036-03-25      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| WHLN 2024-CV3-FF1                                                            | WHLNPL994 WHLN 2024 CV3 FF2                                   | CUSIP: 958LWZII6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     13634703 | PA      | $13568250.91   | 0.32%             | 2027-10-01      | Fixed         | 9.25%                 | Yes           |                  3 | On Loan: No      |
| STRATTON MORTGAGE FUNDING 2024-1 PLC 24-1A                                   | STRATTON MORTGAGE FUNDING 06/60 0                             | CUSIP: ACI2S8XS6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |          240 | PA      | $0.00          | 0.00%             | 2060-06-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| KEYCORP STUDENT LOAN TRUST 2002-A                                            | KSLT 2002 A R SUB KSLT 2002 A R SUB                           | CUSIP: 933UTWII7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       100000 | PA      | $5674261.71    | 0.13%             | 2050-01-01      | Fixed         | 1.13%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | FINANCIAL KETTERING REPU USD ANZBANK FIN KETTERING REPU USD   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -4655172 | PA      | $-4659444.80   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| CASSINI SAS                                                                  | COMEXPOSIUM 2019 EUR 1ST LIEN TLB                             | CUSIP: 945AYZII4<br>LEI: 9695009FFM30CUZ8FO85 | Long             | LON              | CORP              | FR        |      6732048 | PA      | $9493111.25    | 0.22%             | 2031-03-28      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| AMSURG (AMBULATORY TOPCO LLC)                                                | AMSURG EQUITY EQTYAS910                                       | CUSIP: 902RDL901<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2562021 | NS      | $112664686.45  | 2.66%             |  |  |  | Yes           |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-26

**Name of Applicant:** PIMCO Flexible Credit Income Fund

**Signature:** /s/ Bijal Parikh

**Name of Signer:** Bijal Parikh

**Title:** Treasurer