# EDGAR Filing Document

**Accession Number:** 0002025968
**File Stem:** 0000940400-26-014648
**Filing Date:** 2026-4
**Character Count:** 110644
**Document Hash:** 206870b22eb2990170d360a669e2fbf7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-014648.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0000940400-26-014648

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260227

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BNY Mellon ETF Trust II
- **CENTRAL INDEX KEY:** 0002025968

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23977
- **FILM NUMBER:** 26890935

**BUSINESS ADDRESS:**
- **STREET 1:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286
- **BUSINESS PHONE:** 212-922-6400

**MAIL ADDRESS:**
- **STREET 1:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286

## Series and Classes Contracts Data

### BNY Mellon Active Core Bond ETF (Series ID: S000095602)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000264329 | BNY Mellon Active Core Bond ETF |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BNY Mellon ETF Trust II

- **b. Investment Company Act file number:** 811-23977

- **c. CIK number of Registrant:** 0002025968

- **d. LEI of Registrant:** 2549008HP0U9LCUPA319

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

  - **Street Address 1:** 240 Greenwich Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10286

  - **Telephone number:** 212-922-6400

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

- **a. Name of Series:** BNY Mellon Active Core Bond ETF

- **b. EDGAR series identifier (if any):** S000095602

- **c. LEI of Series:** 254900C8OSHYLRS6PR44

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

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

- **b. Date as of which information is reported:** 2026-02-27

**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:** $380580594.93

**Total Liabilities:** $11600015.13

**Net Assets:** $368980579.80

**Delayed Delivery Securities:** $7974313.40

**Cash Not Reported:** $9219.56

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 351.94268000 | **1-Year:** 17470.12829000 | **5-Year:** 80317.01185000 | **10-Year:** 48323.46433000 | **30-Year:** 3530.10168000

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

- **3-Month:** 0.00000000 | **1-Year:** 824.33636000 | **5-Year:** 2952.44889000 | **10-Year:** 2483.79779000 | **30-Year:** 214.20211000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000264329 | 0.01%                | 0.08%                | 1.55%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $-224011.03              | $340999.71                                 |
| Month 3  | $82481.92                | $3611680.13                                |

**Designated Index Information**

- **Index Name:** Bloomberg US Aggregate

- **Index Identifier:** LEH:LHMN0001

### Schedule of Portfolio Investments

| Name                                                                         | Title                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHICAGO BOARD OF TRADE                                                       | Ultra U.S. Treasury Bond Futures, Jun-2026,ETH         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       128 | NC      | $234748.52    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                             | FR RC3537                                              | CUSIP: 3133L94W0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3232081 | PA      | $3352163.91   | 0.91%             | 2040-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY RESOURCES CORP                                            | CNP 4.85 04/01/36 AR                                   | CUSIP: 15189XBL1<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |    331000 | PA      | $332152.09    | 0.09%             | 2036-04-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                 | T 3.625 08/31/29                                       | CUSIP: 91282CLK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2214000 | PA      | $2228226.68   | 0.60%             | 2029-08-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| NiSource Inc.                                                                | NI V5.75 07/15/56                                      | CUSIP: 65473PAY1<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    900000 | PA      | $905759.10    | 0.25%             | 2056-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                    | GS V4.692 10/23/30                                     | CUSIP: 38141GB60<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2032897.94   | 0.55%             | 2030-10-23      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| Jabil Inc                                                                    | JBL 4.75 02/01/33                                      | CUSIP: 46656PAD6<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |    209000 | PA      | $208298.09    | 0.06%             | 2033-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Colombia (Republic Of)                                                       | COLOM 6.5 01/21/33                                     | CUSIP: 195325EV3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1000000 | PA      | $994310.00    | 0.27%             | 2033-01-21      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                            | WFC V5.244 01/24/31                                    | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1540000 | PA      | $1597982.80   | 0.43%             | 2031-01-24      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                               | MEX 6.125 02/09/38                                     | CUSIP: 91087BBR0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   1400000 | PA      | $1419040.00   | 0.38%             | 2038-02-09      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FN FA1089                                              | CUSIP: 3140W1F73<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5513163 | PA      | $4863578.83   | 1.32%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks                                                    | FFCB 5 07/07/32                                        | CUSIP: 3133ETNZ6<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   4320000 | PA      | $4331320.21   | 1.17%             | 2032-07-07      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EFMT 2025-RTL1                                                               | EFMT 2025-RTL1 A1                                      | CUSIP: 26846FAA7<br>LEI: 254900NFBGFOBK1G2B84 | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1508380.20   | 0.41%             | 2040-11-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST 2013-2                                   | EART 2026-1A C                                         | CUSIP: 30168HAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    758000 | PA      | $763918.16    | 0.21%             | 2032-05-17      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                             | FR SD4013                                              | CUSIP: 3132E0N65<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2985482 | PA      | $2917494.61   | 0.79%             | 2053-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GNR 2012-135 AE                                        | CUSIP: 38378BT82<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   2326627 | PA      | $1999528.87   | 0.54%             | 2052-12-16      | Variable      | 1.83%                 | No            |                  2 | On Loan: No      |
| CHURCHILL NCDLC CLO-II LLC                                                   | CHMML 2023-2A AR                                       | CUSIP: 17151LAN4<br>LEI: 254900966GVHITXUEY28 | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1501477.50   | 0.41%             | 2039-01-20      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| Equinix Asia Financing Corporation Pte Ltd.                                  | EQIX 4.4 03/15/31                                      | CUSIP: 29447KAA3<br>LEI: 2549002E9B0F5FQ3X427 | Long             | DBT              | CORP              | SG        |    372000 | PA      | $371807.59    | 0.10%             | 2031-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Cousins Properties LP                                                        | CUZ 4.875 03/01/33                                     | CUSIP: 222793AD3<br>LEI: 254900ZQIHJ5FQH4C329 | Long             | DBT              | CORP              | US        |    726000 | PA      | $719298.34    | 0.19%             | 2033-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | G2 MB0552                                              | CUSIP: 3618N5TJ8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2222177 | PA      | $2087183.21   | 0.57%             | 2055-08-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                                    | SUN 5.625 03/15/31 144A                                | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504533.38    | 0.14%             | 2031-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Black Hills Corporation                                                      | BKH 3.05 10/15/29                                      | CUSIP: 092113AR0<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2655047.31   | 0.72%             | 2029-10-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRUST 2026-1                                      | SCLP 2026-1 C                                          | CUSIP: 83408AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    504000 | PA      | $509356.41    | 0.14%             | 2035-12-26      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                           | META 5.625 11/15/55 .                                  | CUSIP: 30303MAE2<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    800000 | PA      | $783677.74    | 0.21%             | 2055-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2026-1                                | SDART 2026-1 A3                                        | CUSIP: 80288FAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    487000 | PA      | $488246.62    | 0.13%             | 2030-07-15      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                                           | VEGLPL 6.5 01/15/34 144A                               | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    400000 | PA      | $421179.60    | 0.11%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AFFIRM MASTER TRUST                                                          | AFRMT 2026-1A B                                        | CUSIP: 00833BAV0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1080000 | PA      | $1085983.63   | 0.29%             | 2034-02-15      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank U.A.                                                   | RABOBK 3.75 07/21/26 BKNT                              | CUSIP: 21684AAF3<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   3685000 | PA      | $3680398.69   | 1.00%             | 2026-07-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| DOMINO'S PIZZA INC                                                           | DPABS 2021-1A A2II                                     | CUSIP: 25755TAP5<br>LEI: 25490005ZWM1IF9UXU57 | Long             | ABS-O            | CORP              | US        |    145875 | PA      | $136804.08    | 0.04%             | 2051-04-25      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Pfizer Investment Enterprises Pte Ltd.                                       | PFE 4.75 05/19/33                                      | CUSIP: 716973AE2<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |   1820000 | PA      | $1858388.75   | 0.50%             | 2033-05-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DAE Funding LLC                                                              | DUBAEE 4.95 01/15/33 144A                              | CUSIP: 23371DAM6<br>LEI: 635400SZTPQL3Y1P2C76 | Long             | DBT              | CORP              | US        |    750000 | PA      | $746103.80    | 0.20%             | 2033-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MCF CLO 11 LTD                                                               | MCFCL 2026-1A A1                                       | CUSIP: 579922AC9<br>LEI: 2549003B9E1FHXFQM826 | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1500817.50   | 0.41%             | 2038-04-20      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| National Bank of Canada                                                      | NACN 5.6 12/18/28                                      | CUSIP: 63307A2X2<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   1670000 | PA      | $1744839.26   | 0.47%             | 2028-12-18      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks                                                    | FFCB 4.7 03/05/29                                      | CUSIP: 3133ER5H0<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   4035000 | PA      | $4035317.51   | 1.09%             | 2029-03-05      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                               | C V4.412 03/31/31                                      | CUSIP: 172967MP3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2125000 | PA      | $2136471.92   | 0.58%             | 2031-03-31      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| Bbcms Mortgage Trust 2017                                                    | BBCMS 2019-C5 A4                                       | CUSIP: 05492JAW2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    225000 | PA      | $216878.06    | 0.06%             | 2052-11-18      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                 | T 4.875 08/15/45                                       | CUSIP: 912810UN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22567000 | PA      | $23480258.28  | 6.36%             | 2045-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Company                                                    | KHC 5.2 03/15/32                                       | CUSIP: 50077LBM7<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1814782.73   | 0.49%             | 2032-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                             | PCG 5.2 05/01/36                                       | CUSIP: 694308LA3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    140000 | PA      | $140518.33    | 0.04%             | 2036-05-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FN FS1376                                              | CUSIP: 3140XGQ69<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3038920 | PA      | $2777567.46   | 0.75%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Takeda US Financing Inc.                                                     | TACHEM 5.9 07/07/55                                    | CUSIP: 87406BAB8<br>LEI: 254900ZGPIBGBZ2N3A33 | Long             | DBT              | CORP              | US        |    550000 | PA      | $567824.45    | 0.15%             | 2055-07-07      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| FORTRESS CREDIT OPPORTUNITIES XXXIII CLO LLC                                 | FCO 2026-33A A1T                                       | CUSIP: 34967LAE3<br>LEI: 254900EIAMUDSPJ37T25 | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1500742.50   | 0.41%             | 2038-04-20      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                     | AXP V5.098 02/16/28                                    | CUSIP: 025816DP1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1345000 | PA      | $1359024.54   | 0.37%             | 2028-02-16      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                   | AMGN 5.65 02/19/56                                     | CUSIP: 031162DY3<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    923000 | PA      | $921887.05    | 0.25%             | 2056-02-19      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Phillips 66 Co.                                                              | PSX V6.2 03/15/56 B                                    | CUSIP: 718547BA9<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |    760000 | PA      | $770630.12    | 0.21%             | 2056-03-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Amur Equipment Finance Receivables VI LLC                                    | AXIS 2025-1A A2                                        | CUSIP: 03237FAB1<br>LEI: 254900UXD59DZRJ7U848 | Long             | ABS-O            | CORP              | US        |    294675 | PA      | $298038.42    | 0.08%             | 2031-09-22      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FN FS8243                                              | CUSIP: 3140XQER4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1564161 | PA      | $1627452.01   | 0.44%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Saudi Arabia (Kingdom of)                                                    | KSA 5.875 01/12/56 144A                                | CUSIP: 80413TBS7<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    500000 | PA      | $503207.61    | 0.14%             | 2056-01-12      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Hawaiian Electric Company, Inc.                                              | HE 6 10/01/33 144A                                     | CUSIP: 419866AV0<br>LEI: 549300PQE8D806LWQV52 | Long             | DBT              | CORP              | US        |    500000 | PA      | $509868.50    | 0.14%             | 2033-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                                       | FABSJV 5.875 01/25/34                                  | CUSIP: 350930AA1<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2090129.52   | 0.57%             | 2034-01-25      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                  | ABBV 3.2 11/21/29                                      | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   3925000 | PA      | $3834525.73   | 1.04%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| JERSEY MIKE'S FUNDING LLC                                                    | JMIKE 2024-1A A2                                       | CUSIP: 476681AD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    544500 | PA      | $560757.79    | 0.15%             | 2055-02-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| NMEF FUNDING 2026-A LLC                                                      | NMEF 2026-A A3                                         | CUSIP: 62919FAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    148000 | PA      | $148682.71    | 0.04%             | 2034-02-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                             | FR SL1438                                              | CUSIP: 31427NS42<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2996496 | PA      | $3074134.08   | 0.83%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                             | FR QD2067                                              | CUSIP: 3133AYJL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7744438 | PA      | $6522122.99   | 1.77%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Takeda Pharmaceutical Co Ltd.                                                | TACHEM 5.3 07/05/34                                    | CUSIP: 874060BK1<br>LEI: 549300ZLMVP4X0OGR454 | Long             | DBT              | CORP              | JP        |   1150000 | PA      | $1199527.31   | 0.33%             | 2034-07-05      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| NISSAN AUTO LEASE TRUST 2026-A                                               | NALT 2026-A A3                                         | CUSIP: 65481HAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    747000 | PA      | $748671.49    | 0.20%             | 2029-03-15      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| Ontario Teachers Finance Trust                                               | ONTTFT 2 04/16/31 144A                                 | CUSIP: 68329AAJ7<br>LEI: 635400ZZE5J8OXXBBY26 | Long             | DBT              | MUN               | CA        |   1670000 | PA      | $1537545.14   | 0.42%             | 2031-04-16      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                | F 5.8 03/08/29                                         | CUSIP: 345397E58<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    710000 | PA      | $731533.90    | 0.20%             | 2029-03-08      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                                         | CHTR 6.484 10/23/45                                    | CUSIP: 161175BA1<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1140238.72   | 0.31%             | 2045-10-23      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| HPEFS EQUIP TR 2024-2                                                        | HPEFS 2024-2A D                                        | CUSIP: 40444MAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    235000 | PA      | $239911.74    | 0.07%             | 2032-04-20      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                     | AESOP 2023-1A A                                        | CUSIP: 05377RGC2<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1024925.30   | 0.28%             | 2029-04-20      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES INC                                                     | ACI 5.75 03/31/34 144A                                 | CUSIP: 01309QAD0<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1195533.36   | 0.32%             | 2034-03-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                             | PCG 6 05/01/56                                         | CUSIP: 694308LB1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    683000 | PA      | $675076.97    | 0.18%             | 2056-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                              | CVS 4.3 03/25/28                                       | CUSIP: 126650CX6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3019044.06   | 0.82%             | 2028-03-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                 | ORCL 5.875 09/26/45                                    | CUSIP: 68389XDP7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $906603.26    | 0.25%             | 2045-09-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                             | DUK 5.7 09/15/55                                       | CUSIP: 26441CCK9<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    700000 | PA      | $686834.73    | 0.19%             | 2055-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| FMC Corp.                                                                    | FMC 5.65 05/18/33                                      | CUSIP: 302491AX3<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |    500000 | PA      | $439140.99    | 0.12%             | 2033-05-18      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Las Vegas Sands Corp                                                         | LVS 6.2 08/15/34                                       | CUSIP: 517834AL1<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    900000 | PA      | $950722.92    | 0.26%             | 2034-08-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                             | FR SC0809                                              | CUSIP: 3132D93S1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    397589 | PA      | $410189.31    | 0.11%             | 2045-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Brazil (Federative Republic)                                                 | BRAZIL 6.25 05/22/36                                   | CUSIP: 105756CQ1<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    698000 | PA      | $704072.60    | 0.19%             | 2036-05-22      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                     | HCA 4.9 11/15/35                                       | CUSIP: 404119DF3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996215.16    | 0.27%             | 2035-11-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CROSS 2024-H3 MORTGAGE TRUST                                                 | CROSS 2024-H3 A2                                       | CUSIP: 22758DAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    271456 | PA      | $275010.49    | 0.07%             | 2069-06-25      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                                    | TOYOTA 5.55 11/20/30                                   | CUSIP: 89236TLE3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2398413.20   | 0.65%             | 2030-11-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust 2022- P2                                      | CRVNA 2022-P3 B                                        | CUSIP: 14686MAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $252532.35    | 0.07%             | 2028-10-10      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FN FM3458                                              | CUSIP: 3140X6ZY0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6143245 | PA      | $5656900.47   | 1.53%             | 2050-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                         | JPM V6.5 PERP OO                                       | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3935000 | PA      | $4124228.84   | 1.12%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FR RA7747                                              | CUSIP: 3133KPTC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4961239 | PA      | $4324111.41   | 1.17%             | 2052-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                           | ACAFP V6.316 10/03/29 144A                             | CUSIP: 22535WAJ6<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   2245000 | PA      | $2363367.67   | 0.64%             | 2029-10-03      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                             | PARA 5.85 09/01/43                                     | CUSIP: 92553PAU6<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    700000 | PA      | $518904.75    | 0.14%             | 2043-09-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2026-CSMO                                       | BX 2026-CSMO A                                         | CUSIP: 12433LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $450694.44    | 0.12%             | 2042-02-15      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                             | FG G16776                                              | CUSIP: 3128MFXD5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     87403 | PA      | $89102.67     | 0.02%             | 2034-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Brazil (Federative Republic)                                                 | BRAZIL 7.25 01/12/56                                   | CUSIP: 105756CN8<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   1100000 | PA      | $1120625.00   | 0.30%             | 2056-01-12      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2026-5C40                                               | BBCMS 2026-5C40 A3                                     | CUSIP: 05557AAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1190000 | PA      | $1245311.44   | 0.34%             | 2059-02-18      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                   | AMGN 2.2 02/21/27                                      | CUSIP: 031162CT5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2854281.01   | 0.77%             | 2027-02-21      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                                                          | DAL 2 06/10/28 AA                                      | CUSIP: 247361ZV3<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | ABS-O            | CORP              | US        |   2684534 | PA      | $2575310.67   | 0.70%             | 2028-06-10      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                     | AESOP 2025-3A B                                        | CUSIP: 05377RKX1<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    625000 | PA      | $628698.63    | 0.17%             | 2030-02-20      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| FEDEX FREIGHT HOLDING COMPANY INC                                            | FDX 5.25 03/15/36 144A                                 | CUSIP: 314352AG0<br>LEI: 984500Y1DA5A58ICE336 | Long             | DBT              | CORP              | US        |    254000 | PA      | $253312.12    | 0.07%             | 2036-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Africa (Republic of)                                                   | SOAF 7.25 12/11/55 144A                                | CUSIP: 836205BJ2<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    600000 | PA      | $600895.50    | 0.16%             | 2055-12-11      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories                                                          | ABT 5.5 03/15/56                                       | CUSIP: 002824BW9<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    907000 | PA      | $910781.51    | 0.25%             | 2056-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GBX LEASING LLC 2022-1                                                       | GBXL 2026-1A A                                         | CUSIP: 361528AE2<br>LEI: 5493001GAGGFR30BP390 | Long             | ABS-O            | CORP              | US        |    197000 | PA      | $201174.90    | 0.05%             | 2056-02-20      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| FHLMC Super 30Y Fixed                                                        | FR SL2458                                              | CUSIP: 31427PWU4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1670880 | PA      | $1732194.80   | 0.47%             | 2055-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2026-2                                            | VERUS 2026-2 A3                                        | CUSIP: 92490GAM0<br>LEI: 213800OKSLL73WD2H386 | Long             | ABS-O            | CORP              | US        |    734127 | PA      | $733760.74    | 0.20%             | 2071-02-25      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| RIN XIII LTD                                                                 | RIN 2026-1A D                                          | CUSIP: 74990KAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1001847.00   | 0.27%             | 2039-04-15      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| BRIDGECREST LENDING AUTO SECURITIZATION TRUST 2026-1                         | BLAST 2026-1 C                                         | CUSIP: 107927AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    504000 | PA      | $507617.31    | 0.14%             | 2031-11-15      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| DTE Electric Co.                                                             | DTE 5.55 03/01/56 B                                    | CUSIP: 23338VBA3<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    379000 | PA      | $378604.78    | 0.10%             | 2056-03-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                   | BA 5.15 05/01/30                                       | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2375000 | PA      | $2460315.61   | 0.67%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Bravo Residential Funding Trust 2025-NQM8                                    | BRAVO 2025-NQM8 A1                                     | CUSIP: 10571JAA4<br>LEI: 254900Z6C8GAQR4M4U49 | Long             | ABS-O            | CORP              | US        |   1300166 | PA      | $1307446.58   | 0.35%             | 2065-06-25      | Variable      | 5.08%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                         | VZMT 2025-8 B                                          | CUSIP: 92348KET6<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    155000 | PA      | $156344.89    | 0.04%             | 2033-08-22      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial Inc.                                                    | CRBG V6.375 09/15/54                                   | CUSIP: 21871XAT6<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    564000 | PA      | $564424.69    | 0.15%             | 2054-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-5                                            | VERUS 2025-5 A1                                        | CUSIP: 92540XAA9<br>LEI: 213800Z7TIVJRAYLRV98 | Long             | ABS-O            | CORP              | US        |    884066 | PA      | $893493.87    | 0.24%             | 2070-06-25      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                         | RY V4.305 11/03/31                                     | CUSIP: 78017DAQ1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    855000 | PA      | $860696.35    | 0.23%             | 2031-11-03      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Corporacion Nacional del Cobre de Chile                                      | CDEL 5.529 01/30/37 144A                               | CUSIP: 21987BBQ0<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    920000 | PA      | $943230.00    | 0.26%             | 2037-01-30      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| CDP Financial Inc.                                                           | CADEPO 4.875 06/05/29 144A                             | CUSIP: 125094BG6<br>LEI: 549300OXMGVYFCBFV096 | Long             | DBT              | CORP              | CA        |   1350000 | PA      | $1405552.53   | 0.38%             | 2029-06-05      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Perusahaan Listrik Negara PT                                                 | PLNIJ 5.45 02/03/36 144A                               | CUSIP: 71568PAX7<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $200351.95    | 0.05%             | 2036-02-03      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust                                           | RMIT 2024-1 B                                          | CUSIP: 758983AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    325000 | PA      | $333539.90    | 0.09%             | 2036-07-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                 | T 4.625 11/15/55                                       | CUSIP: 912810UP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    913000 | PA      | $911644.76    | 0.25%             | 2055-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                       | TFC V4.597 01/27/32                                    | CUSIP: 89788MAW2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    209000 | PA      | $211257.15    | 0.06%             | 2032-01-27      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Vornado Realty Lp                                                            | VNO 5.75 02/01/33                                      | CUSIP: 929043AN7<br>LEI: 549300BMOJ05INE4YK86 | Long             | DBT              | CORP              | US        |    500000 | PA      | $507499.24    | 0.14%             | 2033-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Israel (State Of)                                                            | ISRAEL 5.75 03/12/54 30Y                               | CUSIP: 46514BRM1<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    450000 | PA      | $441196.11    | 0.12%             | 2054-03-12      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Marsh & McLennan Companies, Inc.                                             | MRSH 4.95 03/15/36                                     | CUSIP: 571748CF7<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    454000 | PA      | $458212.60    | 0.12%             | 2036-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                       | Ultra 10-Year U.S. Treasury Note Futures, Jun-2026,ETH | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         6 | NC      | $-669.14      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Mars Inc.                                                                    | MARS 5.7 05/01/55 144A                                 | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    900000 | PA      | $913293.96    | 0.25%             | 2055-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                             | FR RA6505                                              | CUSIP: 3133KNGN7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8060299 | PA      | $6764545.14   | 1.83%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                   | OXY 4.4 04/15/46                                       | CUSIP: 674599CJ2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    750000 | PA      | $614217.15    | 0.17%             | 2046-04-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                           | META 5.5 11/15/45                                      | CUSIP: 30303M8X3<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    700000 | PA      | $691983.59    | 0.19%             | 2045-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Romania (Republic Of)                                                        | ROMANI 6 09/24/44 144A                                 | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    658000 | PA      | $778634.46    | 0.21%             | 2044-09-24      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                 | ORCL 4.7 09/27/34                                      | CUSIP: 68389XCT0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1306995.71   | 0.35%             | 2034-09-27      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD ADMIN FIN CORP                                                | FL FLSGEN 1.71 07/01/2027                              | CUSIP: 341271AE4<br>LEI: 549300S34SOJ0RULXM35 | Long             | DBT              | MUN               | US        |   5315000 | PA      | $5184473.70   | 1.41%             | 2027-07-01      | Fixed         | 1.71%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FN FS5423                                              | CUSIP: 3140XMAZ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2130138 | PA      | $2122728.68   | 0.58%             | 2053-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Home Depot Inc.                                                              | HD 4.85 06/25/31                                       | CUSIP: 437076DD1<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   1855000 | PA      | $1933703.24   | 0.52%             | 2031-06-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                     | VST 5.35 01/31/36 144A                                 | CUSIP: 92840VAZ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    345000 | PA      | $347559.21    | 0.09%             | 2036-01-31      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Santander Holdings USA Inc.                                                  | SANUSA V7.66 11/09/31                                  | CUSIP: 80282KBH8<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1129134.31   | 0.31%             | 2031-11-09      | Fixed         | 7.66%                 | No            |                  2 | On Loan: No      |
| Retained Vantage Data Centers Issuer LLC / Vantage Data Centers Cda Qc4 Ltd. | VDCR 2024-1A A2                                        | CUSIP: 76134KAH7<br>LEI: 254900N4NW6XZ9B4HM15 | Long             | ABS-O            | CORP              | US        |   1213000 | PA      | $1216549.97   | 0.33%             | 2049-09-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Commercial Metals Company                                                    | CMC 5.75 11/15/33 144A                                 | CUSIP: 201723AS2<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |    755000 | PA      | $770771.95    | 0.21%             | 2033-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DLLMT 2026-1 LLC                                                             | DLLMT 2026-1A A3                                       | CUSIP: 23347JAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    314000 | PA      | $316483.74    | 0.09%             | 2029-12-20      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Panama (Republic of)                                                         | PANAMA 5.662 02/23/38                                  | CUSIP: 698299CC6<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    200000 | PA      | $201250.00    | 0.05%             | 2038-02-23      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Highbridge Loan Management 7-2015 Ltd.                                       | HLM 2026-27A A1                                        | CUSIP: 403970AA4<br>LEI: 254900IU43NDZ7HEB142 | Long             | DBT              | CORP              | KY        |   1300000 | PA      | $1300643.50   | 0.35%             | 2039-04-15      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Issuer Trust 2025-1                                     | GCAR 2025-1A B                                         | CUSIP: 36271KAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $808526.32    | 0.22%             | 2029-07-16      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                            | HSBC V2.871 11/22/32                                   | CUSIP: 404280CY3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   3460000 | PA      | $3184194.33   | 0.86%             | 2032-11-22      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co, Inc.                                             | AEP V6.05 03/15/56 D                                   | CUSIP: 02557TAF6<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003915.00   | 0.27%             | 2056-03-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST 2025-REV2                                       | FORDR 2025-2 B                                         | CUSIP: 34536BAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    575000 | PA      | $589747.20    | 0.16%             | 2038-02-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Retained Vantage Data Centers Issuer LLC / Vantage Data Centers Cda Qc4 Ltd. | VDCR 2023-2A A2                                        | CUSIP: 76134KAE4<br>LEI: 254900N4NW6XZ9B4HM15 | Long             | ABS-O            | CORP              | US        |    429500 | PA      | $432308.41    | 0.12%             | 2048-09-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Apidos Clo LV / Apidos Clo LV LLC                                            | APID 2025-55A A1                                       | CUSIP: 03771VAA0<br>LEI: 254900Z4DQDC7AU0J989 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1504768.50   | 0.41%             | 2039-01-20      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| Constellation Energy Generation LLC                                          | CEG 5.875 01/15/66                                     | CUSIP: 210385AR1<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    400000 | PA      | $399576.76    | 0.11%             | 2066-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FORD CR AUT OWNER TR 2020-REV2                                               | FORDR 2022-1 C                                         | CUSIP: 34528EAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $251174.80    | 0.07%             | 2034-11-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                     | T 4.3 02/15/30                                         | CUSIP: 00206RGQ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4291192.36   | 1.16%             | 2030-02-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                        | BAC V5.468 01/23/35                                    | CUSIP: 06051GMA4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4717492.97   | 1.28%             | 2035-01-23      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                            | WFC V5.433 01/23/47                                    | CUSIP: 95000U4F7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1287807.11   | 0.35%             | 2047-01-23      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| VB-S1 ISSUER LLC                                                             | VBTEL 2026-1A C2                                       | CUSIP: 91825HAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    361000 | PA      | $363457.69    | 0.10%             | 2056-03-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                | F 5.753 04/06/33                                       | CUSIP: 345397J38<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    800000 | PA      | $815490.23    | 0.22%             | 2033-04-06      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DLLMT 2026-1 LLC                                                             | DLLMT 2026-1A A2                                       | CUSIP: 23347JAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    875000 | PA      | $876623.30    | 0.24%             | 2028-07-20      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                             | FR SB0856                                              | CUSIP: 3132CW5R1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3199832 | PA      | $3171808.11   | 0.86%             | 2035-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                             | AMZN 5.55 11/20/65                                     | CUSIP: 023135CY0<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    800000 | PA      | $783979.05    | 0.21%             | 2065-11-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2026-NQM2                                | NRZT 2026-NQM2 A1                                      | CUSIP: 64832MAE1<br>LEI: 213800CZKHCTHKMD9W65 | Long             | ABS-O            | CORP              | US        |    641241 | PA      | $644550.52    | 0.17%             | 2065-12-28      | Variable      | 4.74%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                               | MEX 5.375 03/22/33                                     | CUSIP: 91087BBK5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    400000 | PA      | $401020.00    | 0.11%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                                        | NY NYSHGR 1.75 03/15/2028                              | CUSIP: 64990FD76<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   4155000 | PA      | $4005540.50   | 1.09%             | 2028-03-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Israel (State Of)                                                            | ISRAEL 5.875 01/13/56 30Y                              | CUSIP: 46515CKR4<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    500000 | PA      | $498331.92    | 0.14%             | 2056-01-13      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                 | AVGO 4 04/15/29 144A                                   | CUSIP: 11135FBR1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   3325000 | PA      | $3335765.92   | 0.90%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Phantom 2026-1 Aviation Ltd. / Phantom 2026-1 Aviation LLC                   | PHNTOM 2026-1A A                                       | CUSIP: 71711GAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    353000 | PA      | $360097.70    | 0.10%             | 2051-01-15      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| American Airlines Pass Through Trust 2015-1A                                 | AAL 3.375 05/01/27                                     | CUSIP: 023770AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2605102 | PA      | $2577433.16   | 0.70%             | 2027-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Ameren Corp.                                                                 | AEE 5 05/15/36                                         | CUSIP: 023608AS1<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |    852000 | PA      | $853257.01    | 0.23%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kilroy Realty L.P.                                                           | KRC 5.875 10/15/35                                     | CUSIP: 49427RAT9<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $986215.53    | 0.27%             | 2035-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GFL Environmental Holdings (US) Inc.                                         | GFLCN 5.5 02/01/34 144A                                | CUSIP: 36273TAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    206000 | PA      | $206998.48    | 0.06%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                            | PNC V5.423 01/25/41                                    | CUSIP: 693475CF0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    669000 | PA      | $676589.49    | 0.18%             | 2041-01-25      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| Japan Finance Organization for Municipalities                                | JFM 1.375 02/10/31 144A                                | CUSIP: 471068AT3<br>LEI: 5493007YYYNZ4NMEOD64 | Long             | DBT              | NUSS              | JP        |   1670000 | PA      | $1488637.73   | 0.40%             | 2031-02-10      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs BDC, Inc.                                                      | GSBD 5.1 01/28/29                                      | CUSIP: 38147UAG2<br>LEI: 6D01AGSGBNZIJSN77043 | Long             | DBT              | CORP              | US        |    444000 | PA      | $438198.90    | 0.12%             | 2029-01-28      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Louisville Gas and Electric Company                                          | PPL 5.85 08/15/55 .                                    | CUSIP: 546676BA4<br>LEI: KO3GRIB3RPH1XDX50U72 | Long             | DBT              | CORP              | US        |    350000 | PA      | $359290.76    | 0.10%             | 2055-08-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| FOUNDATION FINANCE TR 2021-1                                                 | FFIN 2021-1A C                                         | CUSIP: 35041LAC4<br>LEI: 549300MQ65NOVQXYNB21 | Long             | ABS-O            | CORP              | US        |    191321 | PA      | $185921.37    | 0.05%             | 2041-05-15      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FN BR9747                                              | CUSIP: 3140L8ZM5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5305564 | PA      | $4432997.13   | 1.20%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                      | UNH 4.95 01/15/32                                      | CUSIP: 91324PFH0<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   2735000 | PA      | $2824629.12   | 0.77%             | 2032-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ELDRIDGE MMPC CLO 2026-1 LTD                                                 | ELDMM 2026-1A A1R                                      | CUSIP: 284919AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1250895.00   | 0.34%             | 2037-01-15      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| CMS Energy Corporation                                                       | CMS V6.5 06/01/55                                      | CUSIP: 125896BY5<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    750000 | PA      | $784168.50    | 0.21%             | 2055-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Super 30Y Fixed                                                        | FR SL1860                                              | CUSIP: 31427PB60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5938380 | PA      | $6056288.85   | 1.64%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ontario Teachers Finance Trust                                               | ONTTFT 4.625 04/10/29 144A                             | CUSIP: 68329AAQ1<br>LEI: 635400ZZE5J8OXXBBY26 | Long             | DBT              | MUN               | CA        |   1350000 | PA      | $1392917.03   | 0.38%             | 2029-04-10      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| COLT 2025-8 MORTGAGE LOAN TRUST                                              | COLT 2025-8 A1                                         | CUSIP: 19689DAA7<br>LEI: 2138009IZ4NQZAKAEN75 | Long             | ABS-O            | CORP              | US        |   1165736 | PA      | $1179217.69   | 0.32%             | 2070-08-25      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| Eagle Funding Luxco S.a.r.l.                                                 | MEXPCP 5.5 08/17/30 144A                               | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | CORP              | LU        |    500000 | PA      | $509320.00    | 0.14%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                  | VZ 5.75 11/30/45                                       | CUSIP: 92343VHH0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1011460.54   | 0.27%             | 2045-11-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust 2023-P3                                       | CRVNA 2023-P2 C                                        | CUSIP: 14686TAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $196690.36    | 0.05%             | 2029-07-10      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                         | VZMT 2025-9 C                                          | CUSIP: 92348KEY5<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    325000 | PA      | $326426.07    | 0.09%             | 2030-10-21      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                             | FR SD4661                                              | CUSIP: 3132DSFA5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5286080 | PA      | $4659714.26   | 1.26%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                                           | CM V6.5 07/28/86                                       | CUSIP: 13607QUM2<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $601935.23    | 0.16%             | 2086-07-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                       | 10-Year T-Note Futures, Jun-2026,ETH                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        18 | NC      | $10850.26     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AGL CLO 45 LTD                                                               | AGL 2025-45A A                                         | CUSIP: 00122PAA5<br>LEI: 254900MVCHR9RPZJKC22 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000256.00   | 0.27%             | 2039-01-20      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                 | T 4.25 08/15/35                                        | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1603000 | PA      | $1643075.00   | 0.45%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                | USB V4.481 01/26/32                                    | CUSIP: 91159HJW1<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1921466.75   | 0.52%             | 2032-01-26      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FN FS9885                                              | CUSIP: 3140XR6X8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3647781 | PA      | $3715797.60   | 1.01%             | 2053-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                             | FR SD4956                                              | CUSIP: 3132DSQH8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2072359 | PA      | $1983476.22   | 0.54%             | 2048-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                             | PCG 5.05 10/15/32                                      | CUSIP: 694308KY2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    750000 | PA      | $764796.23    | 0.21%             | 2032-10-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                               | MS V5.314 01/18/41                                     | CUSIP: 61748UAP7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    623000 | PA      | $620069.93    | 0.17%             | 2041-01-18      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| Dominican Republic                                                           | DOMREP 5.75 03/17/34 144A                              | CUSIP: 25714PFG8<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1200000 | PA      | $1200900.00   | 0.33%             | 2034-03-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                 | T 4.375 08/31/28                                       | CUSIP: 91282CHX2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10300000 | PA      | $10542613.31  | 2.86%             | 2028-08-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                      | UNH 5.95 06/15/55                                      | CUSIP: 91324PFR8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    700000 | PA      | $725427.49    | 0.20%             | 2055-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                       | 2-Year T-Note Futures, Jun-2026,ETH                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        41 | NC      | $9246.09      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Wendys Funding Llc                                                           | WEN 2025-1A A2I                                        | CUSIP: 95058XAR9<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1022849.00   | 0.28%             | 2055-12-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| Entergy Louisiana LLC                                                        | ETR 4.9 04/15/36                                       | CUSIP: 29364WBR8<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    530000 | PA      | $530871.46    | 0.14%             | 2036-04-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                            | NWG V4.964 08/15/30                                    | CUSIP: 639057AS7<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   2375000 | PA      | $2435457.91   | 0.66%             | 2030-08-15      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Air Lease Corporation                                                        | AL 5.1 03/01/29                                        | CUSIP: 00914AAV4<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1790270.65   | 0.49%             | 2029-03-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                                                  | HERTZ 2025-1A A                                        | CUSIP: 42806MCT4<br>LEI: 5493004IHDYOZ9K9WF47 | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $152888.51    | 0.04%             | 2029-09-25      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-11                                           | VERUS 2025-11 A1                                       | CUSIP: 924935AC3<br>LEI: 213800H1O4C5SRNN4B66 | Long             | ABS-O            | CORP              | US        |   1221075 | PA      | $1226560.45   | 0.33%             | 2070-11-25      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FNR 2013-39 UP                                         | CUSIP: 3136AEDK0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1862547 | PA      | $1840202.52   | 0.50%             | 2028-05-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Regency Centers, L.P.                                                        | REG 4.5 03/15/33                                       | CUSIP: 75884RBF9<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250161.67    | 0.07%             | 2033-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BENEFIT STREET PARTNERS CLO 47 LTD                                           | BSP 2026-47A A                                         | CUSIP: 08186BAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1125000 | PA      | $1125821.25   | 0.31%             | 2039-04-15      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| Kuwait (State Of)                                                            | KUWIB 4.652 10/09/35 144A                              | CUSIP: 501499AF4<br>LEI: 549300FSC1YD0D9XX589 | Long             | DBT              | NUSS              | KW        |   1000000 | PA      | $1008077.46   | 0.27%             | 2035-10-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                       | 5-Year T-Note Futures, Jun-2026,ETH                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       196 | NC      | $100319.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes                                                 | T 4.375 05/15/34                                       | CUSIP: 91282CKQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5168000 | PA      | $5366443.14   | 1.45%             | 2034-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAPITAL DAC                                                   | AER 4.625 09/10/29                                     | CUSIP: 00774MBL8<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |   2590000 | PA      | $2626939.49   | 0.71%             | 2029-09-10      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                         | VZMT 2024-6 C                                          | CUSIP: 92348KDH3<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    145000 | PA      | $146081.73    | 0.04%             | 2030-08-20      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc                                                 | CFG V5.299 01/29/36                                    | CUSIP: 174610BK0<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60841.57     | 0.02%             | 2036-01-29      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST 2026-1                                            | LADAR 2026-1A A3                                       | CUSIP: 505708AC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    574000 | PA      | $576348.06    | 0.16%             | 2031-04-15      | Fixed         | 3.92%                 | No            |                  2 | On Loan: No      |
| Databank Issuer LLC / Databank Co-Issuer LLC                                 | COLO 2026-1A A2                                        | CUSIP: 23802WAQ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    367000 | PA      | $372121.41    | 0.10%             | 2056-02-25      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                 | TII 2.375 02/15/55                                     | CUSIP: 912810UH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1634000 | PA      | $1654560.40   | 0.45%             | 2055-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| CubeSmart LP                                                                 | CUBE 5.125 11/01/35                                    | CUSIP: 22966RAK2<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1019117.62   | 0.28%             | 2035-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Metronet Infrastructure Issuer LLC.                                          | MNET 2025-4A A2                                        | CUSIP: 59170JBD9<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |   1099000 | PA      | $1119385.35   | 0.30%             | 2055-12-22      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Apollo Debt Solutions BDC                                                    | APODS 5.7 01/23/31 144A                                | CUSIP: 03770DAL7<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |    223000 | PA      | $221312.52    | 0.06%             | 2031-01-23      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| BENEFIT STR PAR 41 LTD/LLC                                                   | BSP 2025-41A A                                         | CUSIP: 08186GAA1<br>LEI: 2549009YX7JH1CA3SZ28 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250698.00    | 0.07%             | 2038-07-26      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                | GOOGL 5.65 02/15/56                                    | CUSIP: 02079KBP1<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    509000 | PA      | $521214.50    | 0.14%             | 2056-02-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| PK ALIFT LOAN FUNDING 8 LP                                                   | PKAIR 2026-1 A                                         | CUSIP: 72585CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    273000 | PA      | $275626.26    | 0.07%             | 2043-09-15      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| Ares Capital Corp.                                                           | ARCC 2.875 06/15/28                                    | CUSIP: 04010LBB8<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1645907.68   | 0.45%             | 2028-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                 | T 4 11/15/35                                           | CUSIP: 91282CPJ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    855000 | PA      | $858206.25    | 0.23%             | 2035-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                 | T 2.75 08/15/32                                        | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    241000 | PA      | $228182.75    | 0.06%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Cimarex Energy Corporation                                                   | Coterra Energy Operating Co                            | CUSIP: 171798AE1<br>LEI: 11KYOFXPU1C4CQL1CL44 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2934302.19   | 0.80%             | 2029-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                            | WFC V4.96 01/23/37                                     | CUSIP: 95000U4E0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    668000 | PA      | $670800.01    | 0.18%             | 2037-01-23      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer II LLC                                            | CMDC 2026-1A A21                                       | CUSIP: 20469BAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    478885 | PA      | $483801.90    | 0.13%             | 2056-02-25      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                         | JPM V5.193 02/05/37                                    | CUSIP: 46647PFK7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1187000 | PA      | $1199553.70   | 0.33%             | 2037-02-05      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc                                                 | CFG V5.253 03/05/31                                    | CUSIP: 174610BJ3<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2579452.93   | 0.70%             | 2031-03-05      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer Llc                                              | SIDC 2025-1A A2                                        | CUSIP: 85236KAP7<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $995726.90    | 0.27%             | 2050-05-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                                                       | RR 44 Ltd                                              | CUSIP: 78109WAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1500448.50   | 0.41%             | 2041-04-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| MAPS TRUST 2026-1                                                            | MAPSL 2026-1A A                                        | CUSIP: 55293WAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    993939 | PA      | $1009429.96   | 0.27%             | 2051-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2021                                          | CRVNA 2021-P4 D                                        | CUSIP: 14687KAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $170357.36    | 0.05%             | 2028-09-10      | Fixed         | 2.61%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                  | VZ 4.5 08/10/33                                        | CUSIP: 92343VEA8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1165000 | PA      | $1162414.78   | 0.32%             | 2033-08-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                 | BACR 4.836 05/09/28                                    | CUSIP: 06738EAW5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   3800000 | PA      | $3829486.02   | 1.04%             | 2028-05-09      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2025-3                                 | WLAKE 2025-3A A3                                       | CUSIP: 96043QAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    975000 | PA      | $979310.48    | 0.27%             | 2029-06-15      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| Oneok Inc.                                                                   | OKE 4 07/13/27                                         | CUSIP: 682680AS2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1251568.80   | 0.34%             | 2027-07-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust 2025-Nqm2                                | NRZT 2025-NQM2 A1                                      | CUSIP: 64831XAC2<br>LEI: 2138006ZAYPD4ZHQYX81 | Long             | ABS-O            | CORP              | US        |   1055384 | PA      | $1073056.17   | 0.29%             | 2065-04-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                 | T 4.375 11/30/30                                       | CUSIP: 91282CJM4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1037324.22   | 0.28%             | 2030-11-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Romania (Republic Of)                                                        | ROMANI 4.625 03/04/33 144A                             | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    639000 | PA      | $753684.78    | 0.20%             | 2033-03-04      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company Inc                                         | GM 5.6 06/18/31                                        | CUSIP: 37045XEY8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3363127.81   | 0.91%             | 2031-06-18      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRUST 2026-1                                      | SCLP 2026-1 B                                          | CUSIP: 83408AAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1008078.00   | 0.27%             | 2035-12-26      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev Worldwide Inc.                                          | ABIBB 4.75 01/23/29                                    | CUSIP: 035240AQ3<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |   3225000 | PA      | $3301879.55   | 0.89%             | 2029-01-23      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AFFIRM MASTER TRUST                                                          | AFRMT 2026-1A C                                        | CUSIP: 00833BAW8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1010000 | PA      | $1015645.50   | 0.28%             | 2034-02-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATIONS INC                                              | CNSL 2025-4A A2                                        | CUSIP: 315961AA0<br>LEI: 549300WW675Y48HDVX34 | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1277135.50   | 0.35%             | 2055-12-20      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                      | FHLB 5 06/18/29                                        | CUSIP: 3130B1QE0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1650000 | PA      | $1656197.93   | 0.45%             | 2029-06-18      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Homes 4 Rent L P                                                    | AMH 5.5 02/01/34                                       | CUSIP: 02666TAG2<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1033235.26   | 0.28%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FN BL2327                                              | CUSIP: 3140HTSR1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $1992619.98   | 0.54%             | 2026-04-01      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2025-4                                | SDART 2025-4 C                                         | CUSIP: 802923AE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $760105.80    | 0.21%             | 2032-01-15      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| Exelon Corp.                                                                 | EXC V6.5 03/15/55                                      | CUSIP: 30161NBQ3<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    700000 | PA      | $732908.16    | 0.20%             | 2055-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                      | FHLB 3 03/25/27 0001                                   | CUSIP: 3130ARDV0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   6800000 | PA      | $6759793.78   | 1.83%             | 2027-03-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Blackstone Secured Lending Fund                                              | BXSL 5.25 09/04/29                                     | CUSIP: 09261XAM4<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |    964000 | PA      | $957063.74    | 0.26%             | 2029-09-04      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ares Capital Corp.                                                           | ARCC 2.875 06/15/27                                    | CUSIP: 04010LBD4<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1227300.49   | 0.33%             | 2027-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| DATABANK ISSUER II LLC                                                       | HYPER 2025-1A A2                                       | CUSIP: 23802YAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $999967.60    | 0.27%             | 2055-09-27      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                         | RY V6.5 05/24/86                                       | CUSIP: 780082BA0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1265000 | PA      | $1263957.51   | 0.34%             | 2086-05-24      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Ventas Realty Limited Partnership                                            | VTR 5.625 07/01/34                                     | CUSIP: 92277GAX5<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1265524.51   | 0.34%             | 2034-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Company                                                    | ARAMCO 4 02/02/29 144A                                 | CUSIP: 80415RAB7<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    250000 | PA      | $250185.63    | 0.07%             | 2029-02-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                     | T 4.75 05/15/46                                        | CUSIP: 00206RCQ3<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $880606.59    | 0.24%             | 2046-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                   | BATSLN 5.625 08/15/35                                  | CUSIP: 05526DCC7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1054966.86   | 0.29%             | 2035-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                    | GS V5.065 01/21/37                                     | CUSIP: 38145GAS9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1954000 | PA      | $1968502.84   | 0.53%             | 2037-01-21      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                               | BCRED 5.35 03/12/31                                    | CUSIP: 09261HBZ9<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $969325.45    | 0.26%             | 2031-03-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| DREYFUS INSTITUTIONAL PREFERRED MONEY MARKET FUNDS                           | Dreyfus Instl Resv PFD GOVT INSTL                      | CUSIP: 26200X100<br>LEI: 5493006CKAQEE1JHBZ16 | Long             | STIV             | RF                | US        |   2767652 | PA      | $2767652.01   | 0.75%             | 2023-03-03      | Variable      | 4.79%                 | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-23

**Name of Applicant:** BNY Mellon ETF Trust II

**Signature:** James Windels

**Name of Signer:** James Windels

**Title:** Treasurer