# EDGAR Filing Document

**Accession Number:** 0001870117
**File Stem:** 0001410368-25-029997
**Filing Date:** 2025-11
**Character Count:** 165876
**Document Hash:** 93166e0c9282af56db8d477615151141
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-029997.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001410368-25-029997

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Capital Group Fixed Income ETF Trust
- **CENTRAL INDEX KEY:** 0001870117

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23738
- **FILM NUMBER:** 251513774

**BUSINESS ADDRESS:**
- **STREET 1:** 6455 IRVINE CENTER DRIVE
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618
- **BUSINESS PHONE:** (213) 486-9200

**MAIL ADDRESS:**
- **STREET 1:** 333 SOUTH HOPE STREET, 55TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Capital Group Core Plus Income ETF
- **DATE OF NAME CHANGE:** 20210629

## Series and Classes Contracts Data

### Capital Group Ultra Short Income ETF (Series ID: S000085085)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000249949 | Share class  | CGUI            |

## Nport-Ex

![](imgbc1c63ac1.jpg)

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

**Capital Group Ultra Short Income ETF**

Investment portfolio

September 30, 2025

**unaudited**

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

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments 76.86%<br> **Corporate bonds, notes & loans 49.93%**<br> **Financials 26.04%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Aon Global, Ltd. 3.875% 12/15/2025  | USD654 | $653 |
| Arthur J. Gallagher & Co. 4.60% 12/15/2027  | 874 | 883 |
| Bank of America Corp. 1.658% 3/11/2027 (USD-SOFR + 0.91% on 3/11/2026) <sup>(a)</sup>  | 1700 | 1681 |
| Bank of Montreal 4.588% 12/11/2026 (USD-SOFR + 0.429% on 12/11/2025) <sup>(a)</sup>  | 300 | 300 |
| Bank of Montreal (USD-SOFR Index + 0.75% on 9/22/2027) 4.06% 9/22/2028 <sup>(a)</sup>  | 300 | 300 |
| Bank of Nova Scotia (The) 4.043% 9/15/2028 (USD-SOFR + 0.76% on 9/15/2027) <sup>(a)</sup>  | 500 | 499 |
| Barclays PLC 5.20% 5/12/2026  | 700 | 703 |
| Brown & Brown, Inc. 4.60% 12/23/2026  | 850 | 855 |
| Canadian Imperial Bank of Commerce 4.508% 9/11/2027 (USD-SOFR + 0.93% on 9/11/2026) <sup>(a)</sup>  | 1422 | 1426 |
| Capital One Financial Corp. 3.75% 7/28/2026  | 350 | 349 |
| Charles Schwab Corp. (The) 3.45% 2/13/2026  | 125 | 125 |
| Charles Schwab Corp. (The) 5.875% 8/24/2026  | 150 | 152 |
| Citibank, NA 4.576% 5/29/2027  | 250 | 252 |
| Citigroup, Inc. 4.60% 3/9/2026  | 1500 | 1502 |
| Citigroup, Inc. 4.643% 5/7/2028 (USD-SOFR + 1.143% on 5/7/2027) <sup>(a)</sup>  | 500 | 504 |
| Deutsche Bank AG 4.10% 1/13/2026  | 700 | 699 |
| Deutsche Bank AG 4.10% 1/13/2026  | 100 | 100 |
| Fifth Third Bank, National Association 3.85% 3/15/2026  | 1900 | 1897 |
| Goldman Sachs Group, Inc. 1.093% 12/9/2026 (USD-SOFR + 0.789% on 12/9/2025) <sup>(a)</sup>  | 1350 | 1342 |
| Goldman Sachs Group, Inc. 4.387% 6/15/2027 (USD-SOFR + 1.51% on 6/15/2026) <sup>(a)</sup>  | 679 | 680 |
| HSBC Holdings PLC 4.30% 3/8/2026  | 300 | 300 |
| HSBC Holdings PLC 4.899% 3/3/2029 (USD-SOFR + 1.03% on 3/3/2028) <sup>(a)</sup>  | 450 | 457 |
| JPMorgan Chase & Co. 3.30% 4/1/2026  | 200 | 199 |
| JPMorgan Chase & Co. 1.045% 11/19/2026 (USD-SOFR + 0.80% on 11/19/2025) <sup>(a)</sup>  | 450 | 448 |
| JPMorgan Chase & Co. 1.578% 4/22/2027 (USD-SOFR + 0.885% on 4/22/2026) <sup>(a)</sup>  | 750 | 739 |
| JPMorgan Chase & Co. 4.505% 10/22/2028 (USD-SOFR + 0.86% on 10/22/2027) <sup>(a)</sup>  | 500 | 504 |
| Lloyds Banking Group PLC 4.582% 12/10/2025  | 500 | 500 |
| Lloyds Banking Group PLC 4.65% 3/24/2026  | 500 | 500 |
| Met Tower Global Funding 4.80% 1/14/2028 <sup>(b)</sup>  | 300 | 305 |
| MetLife, Inc. 3.60% 11/13/2025  | 50 | 50 |
| Morgan Stanley 3.875% 1/27/2026  | 250 | 250 |
| Morgan Stanley 4.35% 9/8/2026  | 200 | 200 |
| Morgan Stanley 0.985% 12/10/2026 (USD-SOFR + 0.72% on 12/10/2025) <sup>(a)</sup>  | 1300 | 1292 |
| Morgan Stanley 1.593% 5/4/2027 (USD-SOFR + 0.879% on 5/4/2026) <sup>(a)</sup>  | 400 | 394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NatWest Group PLC 1.642% 6/14/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.90% on <br> 6/14/2026) <sup>(a)</sup>  | 100 | 98 |
| PNC Bank, NA 4.543% 5/13/2027 (USD-SOFR + 0.63% on 5/13/2026) <sup>(a)</sup>  | 430 | 431 |
| PNC Financial Services Group, Inc. 1.15% 8/13/2026  | 200 | 195 |
| Royal Bank of Canada 4.65% 1/27/2026  | 425 | 425 |
| State Street Corp. 4.543% 4/24/2028 (USD-SOFR + 0.95% on 4/24/2027) <sup>(a)</sup>  | 554 | 559 |
| Toronto-Dominion Bank (The) 0.75% 1/6/2026  | 300 | 297 |
| Toronto-Dominion Bank (The) 4.568% 12/17/2026  | 850 | 855 |
| Truist Bank 3.30% 5/15/2026  | 600 | 597 |
| U.S. Bancorp 3.10% 4/27/2026  | 1350 | 1343 |
| U.S. Bancorp 5.727% 10/21/2026 (USD-SOFR + 1.43% on 10/21/2025) <sup>(a)</sup>  | 250 | 250 |

---

Capital Group Ultra Short Income ETF — Page 1 of 9

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Financials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Wells Fargo & Co. 3.00% 4/22/2026  | USD300 | $298 |
| Wells Fargo & Co. 4.10% 6/3/2026  | 995 | 994 |
| Wells Fargo & Co. 3.196% 6/17/2027 (3-month USD CME Term SOFR + 1.432% on 6/17/2026) <sup>(a)</sup>  | 256 | 254 |
|  |  | 27636 |
| **Consumer discretionary 3.84%** |  |  |
| Ford Motor Credit Co., LLC 3.375% 11/13/2025  | 750 | 749 |
| Ford Motor Credit Co., LLC 4.389% 1/8/2026  | 250 | 250 |
| Ford Motor Credit Co., LLC 6.95% 3/6/2026  | 550 | 554 |
| Ford Motor Credit Co., LLC 6.95% 6/10/2026  | 600 | 608 |
| Ford Motor Credit Co., LLC 2.70% 8/10/2026  | 250 | 246 |
| General Motors Financial Co., Inc. 6.05% 10/10/2025  | 700 | 700 |
| General Motors Financial Co., Inc. 5.25% 3/1/2026  | 500 | 501 |
| Hyundai Capital America 4.30% 9/24/2027 <sup>(b)</sup>  | 200 | 200 |
| Hyundai Capital America 4.875% 11/1/2027 <sup>(b)</sup>  | 100 | 101 |
| Hyundai Capital America 4.25% 9/18/2028 <sup>(b)</sup>  | 167 | 167 |
|  |  | 4076 |
| **Utilities 3.82%** |  |  |
| CMS Energy Corp. 3.00% 5/15/2026  | 1000 | 992 |
| NextEra Energy Capital Holdings, Inc. 4.685% 9/1/2027  | 275 | 278 |
| Pacific Gas and Electric Co. 3.15% 1/1/2026  | 750 | 748 |
| Pacific Gas and Electric Co. 2.95% 3/1/2026  | 550 | 546 |
| Southern California Edison Co. 1.20% 2/1/2026  | 950 | 939 |
| Southern California Edison Co. 4.90% 6/1/2026  | 150 | 151 |
| Southern Co. (The) 3.25% 7/1/2026  | 250 | 248 |
| Southern Power Co. 4.15% 12/1/2025  | 150 | 150 |
|  |  | 4052 |
| **Health care 3.76%** |  |  |
| AstraZeneca PLC 0.70% 4/8/2026  | 500 | 492 |
| CVS Health Corp. 5.00% 2/20/2026  | 760 | 761 |
| CVS Health Corp. 2.875% 6/1/2026  | 250 | 248 |
| Elevance Health, Inc. 4.50% 10/30/2026  | 200 | 201 |
| HCA, Inc. 5.25% 6/15/2026  | 250 | 250 |
| HCA, Inc. 5.00% 3/1/2028  | 300 | 306 |
| Teva Pharmaceutical Finance Netherlands III BV 3.15% 10/1/2026  | 750 | 737 |
| UnitedHealth Group, Inc. 5.15% 10/15/2025  | 51 | 51 |
| UnitedHealth Group, Inc. 3.70% 12/15/2025  | 150 | 150 |
| UnitedHealth Group, Inc. 1.25% 1/15/2026  | 200 | 198 |
| Utah Acquisition Sub, Inc. 3.95% 6/15/2026  | 600 | 597 |
|  |  | 3991 |
| **Industrials 2.66%** |  |  |
| BAE Systems Holdings, Inc. 3.85% 12/15/2025 <sup>(b)</sup>  | 850 | 849 |
| Boeing Co. (The) 2.75% 2/1/2026  | 1254 | 1247 |
| Boeing Co. (The) 3.10% 5/1/2026  | 500 | 497 |
| Burlington Northern Santa Fe, LLC 7.00% 12/15/2025  | 100 | 101 |
| SkyMiles IP, Ltd. 4.50% 10/20/2025 <sup>(b)</sup>  | 81 | 81 |
| Union Pacific Corp. 4.75% 2/21/2026  | 50 | 50 |
|  |  | 2825 |

---

Capital Group Ultra Short Income ETF — Page 2 of 9

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Energy 2.58%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Energy Transfer, LP 4.75% 1/15/2026  | USD300 | $300 |
| Occidental Petroleum Corp. 5.00% 8/1/2027  | 469 | 475 |
| Petroleos Mexicanos 6.875% 10/16/2025  | 1252 | 1251 |
| Petroleos Mexicanos 6.875% 8/4/2026  | 500 | 507 |
| Repsol E&P Capital Markets US, LLC 4.805% 9/16/2028 <sup>(b)</sup>  | 200 | 201 |
|  |  | 2734 |
| **Consumer staples 2.56%** |  |  |
| Altria Group, Inc. 4.40% 2/14/2026  | 200 | 200 |
| BAT International Finance PLC 1.668% 3/25/2026  | 676 | 668 |
| Conagra Brands, Inc. 4.60% 11/1/2025  | 350 | 350 |
| Mars, Inc. 4.45% 3/1/2027 <sup>(b)</sup>  | 500 | 504 |
| Philip Morris International, Inc. 0.875% 5/1/2026  | 200 | 196 |
| Philip Morris International, Inc. 4.375% 11/1/2027  | 200 | 202 |
| Philip Morris International, Inc. 4.125% 4/28/2028  | 600 | 601 |
|  |  | 2721 |
| **Information technology 1.34%** |  |  |
| Broadcom, Inc. 4.15% 2/15/2028  | 300 | 301 |
| Microchip Technology, Inc. 4.90% 3/15/2028  | 399 | 405 |
| Oracle Corp. 4.80% 8/3/2028  | 208 | 212 |
| Synopsys, Inc. 4.55% 4/1/2027  | 500 | 503 |
|  |  | 1421 |
| **Real estate 1.26%** |  |  |
| Boston Properties, LP 2.75% 10/1/2026  | 675 | 664 |
| COPT Defense Properties, LP 2.25% 3/15/2026  | 600 | 594 |
| Public Storage Operating Co. 0.875% 2/15/2026  | 75 | 74 |
|  |  | 1332 |
| **Communication services 1.17%** |  |  |
| CCO Holdings, LLC 5.50% 5/1/2026 <sup>(b)</sup>  | 250 | 250 |
| T-Mobile USA, Inc. 2.25% 2/15/2026  | 1001 | 993 |
|  |  | 1243 |
| **Materials 0.90%** |  |  |
| DuPont de Nemours, Inc. 4.493% 11/15/2025  | 150 | 150 |
| LYB International Finance III, LLC 1.25% 10/1/2025  | 600 | 600 |
| Rio Tinto Finance (USA) PLC 4.375% 3/12/2027  | 200 | 201 |
|  |  | 951 |
| **Total corporate bonds, notes & loans** |  | 52982 |
| **Asset-backed obligations 21.83%**<br> **Auto loan 9.89%**<br>|  |  |
| American Credit Acceptance Receivables Trust, Series 2025-2, Class A, 4.81% 9/12/2028 <sup>(b)(c)</sup>  | 207 | 207 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1A, Class A2, 4.92% 5/15/2029 <sup>(b)(c)</sup>  | 472 | 473 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2, Class A, 2.02% 2/20/2027 <sup>(b)(c)</sup>  | 500 | 497 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2022-5, Class C, 6.24% 4/20/2027 <sup>(b)(c)</sup>  | 100 | 100 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-2, Class A, 5.20% 10/20/2027 <sup>(b)(c)</sup>  | 500 | 504 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-2, Class B, 6.03% 10/20/2027 <sup>(b)</sup>  | 250 | 253 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-3A, Class A, 5.44% 2/22/2028 <sup>(b)(c)</sup>  | 500 | 508 |
| Bridgecrest Lending Auto Securitization Trust, Series 2023-1, Class B, 6.80% 8/15/2029 <sup>(c)</sup>  | 290 | 292 |
| Carvana Auto Receivables Trust, Series 2021-N4, Class C, 1.72% 9/11/2028 <sup>(c)</sup>  | 104 | 102 |

---

Capital Group Ultra Short Income ETF — Page 3 of 9

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Auto loan (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Carvana Auto Receivables Trust, Series 2024-N1, Class B, 5.63% 5/10/2030 <sup>(b)(c)</sup>  | USD250 | $253 |
| CPS Auto Receivables Trust, Series 2024-A, Class B, 5.65% 5/15/2028 <sup>(b)(c)</sup>  | 244 | 245 |
| CPS Auto Receivables Trust, Series 2024-D, Class A, 4.91% 6/15/2028 <sup>(b)(c)</sup>  | 37 | 37 |
| CPS Auto Receivables Trust, Series 2022-C, Class D, 6.45% 4/15/2030 <sup>(b)(c)</sup>  | 600 | 610 |
| Enterprise Fleet Financing, LLC, Series 2024-4, Class A2, 4.69% 7/20/2027 <sup>(b)(c)</sup>  | 89 | 89 |
| Enterprise Fleet Financing, LLC, Series 2022-1, Class A3, 3.27% 1/20/2028 <sup>(b)(c)</sup>  | 141 | 141 |
| Exeter Select Automobile Receivables Trust, Series 2025-1, Class A2, 4.83% 10/16/2028 <sup>(c)</sup>  | 40 | 40 |
| Flagship Credit Auto Trust, Series 2023-3, Class B, 5.64% 7/16/2029 <sup>(b)</sup>  | 525 | 530 |
| Ford Credit Floorplan Master Owner Trust, Series 2025-1, Class A1, 4.63% 4/15/2030 <sup>(c)</sup>  | 378 | 384 |
| GLS Auto Receivables Trust, Series 2025-2A, Class A2, 4.75% 3/15/2028 <sup>(b)(c)</sup>  | 200 | 200 |
| GLS Auto Receivables Trust, Series 2025-2A, Class B, 4.97% 10/15/2029 <sup>(b)(c)</sup>  | 900 | 910 |
| GLS Auto Select Receivables Trust, Series 2024-4A, Class A2, 4.43% 12/17/2029 <sup>(b)(c)</sup>  | 36 | 36 |
| Hertz Vehicle Financing III, LLC, Series 2022-2A, Class A, 2.33% 6/26/2028 <sup>(b)(c)</sup>  | 560 | 544 |
| Hertz Vehicle Financing, LLC, Series 2023-1A, Class B, 6.22% 6/25/2027 <sup>(b)(c)</sup>  | 150 | 151 |
| Hertz Vehicle Financing, LLC, Series 2023-3A, Class A, 5.94% 2/25/2028 <sup>(b)(c)</sup>  | 512 | 522 |
| Hertz Vehicle Financing, LLC, Series 2025-1A, Class A, 4.91% 9/25/2029 <sup>(b)(c)</sup>  | 100 | 101 |
| LAD Auto Receivables Trust, Series 2023-1, Class C, 6.18% 12/15/2027 <sup>(b)(c)</sup>  | 300 | 302 |
| PenFed Auto Receivables Owner Trust, Series 2025-A, Class A2, 4.12% 9/15/2028 <sup>(b)(c)</sup>  | 198 | 198 |
| Prestige Auto Receivables Trust, Series 2024-2, Class A2, 4.72% 2/15/2028 <sup>(b)(c)</sup>  | 18 | 18 |
| Santander Drive Auto Receivables Trust, Series 2024-3, Class B, 5.55% 9/17/2029 <sup>(c)</sup>  | 260 | 264 |
| Securitized Term Auto Receivables Trust, Series 2025-A, Class B, 5.038% 7/25/2031 <sup>(b)(c)</sup>  | 154 | 155 |
| SFS Auto Receivables Securitization Trust, Series 2023-1, Class A3, 5.47% 10/20/2028 <sup>(b)(c)</sup>  | 277 | 279 |
| Stellantis Financial Underwritten Enhanced Lease Trust, Series 2025-AA, Class A2, 4.63% 7/20/2027 <sup>(b)(c)</sup>  | 70 | 71 |
| Tricolor Auto Securitization Trust, Series 2025-1A, Class A, 4.94% 2/15/2029 <sup>(b)(c)(d)</sup>  | 410 | 302 |
| Truist Bank Auto Credit-Linked Notes, Series 2025-1, Class B, 4.728% 9/26/2033 <sup>(b)(c)</sup>  | 268 | 268 |
| United Auto Credit Securitization Trust, Series 2025-1, Class A, 4.80% 6/10/2027 <sup>(b)(c)</sup>  | 93 | 93 |
| United Auto Credit Securitization Trust, Series 2025-1, Class C, 5.15% 6/10/2030 <sup>(b)(c)</sup>  | 680 | 684 |
| Western Funding Auto Loan Trust, Series 2025-1, Class A, 4.75% 7/16/2035 <sup>(b)(c)</sup>  | 56 | 57 |
| Westlake Automobile Receivables Trust, Series 2025-P1, Class A2, 4.65% 2/15/2028 <sup>(b)(c)</sup>  | 75 | 75 |
|  |  | 10495 |
| **Other asset-backed securities 9.11%** |  |  |
| ACHV ABS Trust, Series 2024-2PL, Class A, 5.07% 10/27/2031 <sup>(b)(c)</sup>  | 53 | 53 |
| ACHV ABS Trust, Series 2024-3AL, Class A, 5.01% 12/26/2031 <sup>(b)(c)</sup>  | 331 | 334 |
| ACHV ABS Trust, Series 2025-1PL, Class A, 4.76% 4/26/2032 <sup>(b)(c)</sup>  | 44 | 44 |
| Affirm, Inc., Series 2024, Class 1A, 5.61% 2/15/2029 <sup>(b)(c)</sup>  | 500 | 502 |
| Affirm, Inc., Series 2024-X2, Class A, 5.22% 12/17/2029 <sup>(b)(c)</sup>  | 84 | 84 |
| Affirm, Inc., Series 2025-X1, Class A, 5.08% 4/15/2030 <sup>(b)(c)</sup>  | 126 | 126 |
| Auxilior Term Funding, LLC, Series 2023-1A, Class A3, 5.70% 2/15/2030 <sup>(b)(c)</sup>  | 150 | 153 |
| Auxilior Term Funding, LLC, Series 24-1, Class A3, 5.49% 7/15/2031 <sup>(b)(c)</sup>  | 255 | 260 |
| AXIS Equipment Finance Receivables, LLC, Series 2022-2A, Class B, 5.65% 10/20/2028 <sup>(b)(c)</sup>  | 400 | 403 |
| Blue Owl Asset Leasing Trust, Series 2024-1A, Class A2, 5.05% 3/15/2029 <sup>(b)(c)</sup>  | 123 | 124 |
| CAL Funding IV, Ltd., Series 2020-1A, Class A, 2.22% 9/25/2045 <sup>(b)(c)</sup>  | 469 | 448 |
| Capteris Equipment Finance, Series 2024-1, Class A2, 5.58% 7/20/2032 <sup>(b)(c)</sup>  | 145 | 147 |
| Clarus Capital Funding, LLC, Series 2024-1A, Class A2, 4.71% 8/20/2032 <sup>(b)(c)</sup>  | 61 | 61 |
| CLI Funding VIII, LLC, Series 2021-1A, Class A, 2.38% 2/18/2046 <sup>(b)(c)</sup>  | 50 | 46 |
| Frontier Issuer, LLC, Series 2023-1, Class A2, 6.60% 8/20/2053 <sup>(b)(c)</sup>  | 200 | 203 |
| GreatAmerica Leasing Receivables Funding, LLC, Series 2024-1, Class A3, 4.98% 1/18/2028 <sup>(b)(c)</sup>  | 830 | 839 |
| HPEFS Equipment Trust, Series 2024-2, Class B, 5.35% 10/20/2031 <sup>(b)(c)</sup>  | 370 | 375 |
| MMP Capital, Series 2025-A, Class A, 5.36% 12/15/2031 <sup>(b)(c)</sup>  | 92 | 93 |
| NMEF Funding, LLC, Series 2024-A, Class A2, 5.15% 12/15/2031 <sup>(b)(c)</sup>  | 412 | 416 |
| NMEF Funding, LLC, Series 2025-A, Class A2, 4.72% 7/15/2032 <sup>(b)(c)</sup>  | 449 | 451 |
| NMEF Funding, LLC, Series 2025-B, Class A2, 4.64% 1/18/2033 <sup>(b)(c)</sup>  | 127 | 128 |
| OnDeck Asset Securitization Trust, LLC, Series 2025-1A, Class A, 5.08% 4/19/2032 <sup>(b)(c)</sup>  | 400 | 401 |

---

Capital Group Ultra Short Income ETF — Page 4 of 9

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Other asset-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| PEAC Solutions Receivables, LLC, Series 2024-2A, Class A2, 4.74% 4/20/2027 <sup>(b)(c)</sup>  | USD55 | $55 |
| PFS Financing Corp., Series 2023-B, Class A, 5.27% 5/15/2028 <sup>(b)(c)</sup>  | 580 | 584 |
| Post Road Equipment Finance, Series 2024-1, Class C, 5.81% 10/15/2030 <sup>(b)(c)</sup>  | 500 | 508 |
| Reach Financial, LLC, Series 2024-2, Class A, 5.88% 7/15/2031 <sup>(b)(c)</sup>  | 77 | 78 |
| Synchrony Card Issuance Trust, Series 2024-A2, Class A, 4.93% 7/15/2030  | 1000 | 1017 |
| TAL Advantage V, LLC, Series 2020-1A, Class A, 2.05% 9/20/2045 <sup>(b)(c)</sup>  | 404 | 384 |
| Textainer Marine Containers, Ltd., Series 2020-3, Class A, 2.11% 9/20/2045 <sup>(b)(c)</sup>  | 403 | 384 |
| Textainer Marine Containers, Ltd., Series 2021-2A, Class B, 2.82% 4/20/2046 <sup>(b)(c)</sup>  | 65 | 60 |
| U.S. Bank National Association, Series 2025-SUP1, Class B, 5.582% 2/25/2032 <sup>(b)(c)</sup>  | 192 | 193 |
| U.S. Bank National Association, Series 2025-SUP2, Class B1, 4.818% 9/25/2032 <sup>(b)(c)</sup>  | 250 | 250 |
| Verdant Receivables, LLC, Series 2025-1A, Class A2, 4.85% 3/13/2028 <sup>(b)(c)</sup>  | 100 | 101 |
| Verizon Master Trust, Series 2025-3, Class A1A, 4.51% 3/20/2030 (5.26% on 11/20/2027) <sup>(a)(c)</sup>  | 76 | 77 |
| VFI ABS, LLC, Series 2025-1A, Class A, 4.78% 6/24/2030 <sup>(b)(c)</sup>  | 96 | 97 |
| Wingspire Equipment Finance, LLC, Series 2024-1A, Class A2, 4.99% 9/20/2032 <sup>(b)(c)</sup>  | 83 | 83 |
| Wingspire Equipment Finance, LLC, Series 2025-1A, Class A2, 4.33% 9/20/2033 <sup>(b)(c)</sup>  | 100 | 100 |
|  |  | 9662 |
| **Credit card 1.69%** |  |  |
| Avant Credit Card Master Trust, Series 2024-2A, Class A, 5.38% 5/15/2029 <sup>(b)(c)</sup>  | 200 | 201 |
| Brex Commercial Charge Card Master Trust, Series 2024-1, Class A1, 6.05% 7/15/2027 <sup>(b)</sup>  | 221 | 222 |
| First National Master Note Trust, Series 2024-1, Class A, 5.34% 5/15/2030  | 1145 | 1170 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class A1, 6.20% 8/15/2029 <sup>(b)(c)</sup>  | 100 | 101 |
| Mission Lane Credit Card Master Trust, Series 2025-C, Class A, 4.78% 12/16/2030 <sup>(b)(c)</sup>  | 100 | 100 |
|  |  | 1794 |
| **Collateralized loan obligations 1.00%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apex Credit CLO, LLC, Series 2021-2A, Class A1AR, (3-month USD CME Term SOFR + 1.18%) 5.412% <br> 10/20/2034 <sup>(b)(c)(e)</sup>  | 312 | 313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dryden Senior Loan Fund, CLO, Series 2015-37, Class AR, (3-month USD CME Term SOFR + 1.362%) 5.679% <br> 1/15/2031 <sup>(b)(e)</sup>  | 310 | 310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Steele Creek CLO, Ltd., Series 2019-1A, Class ARR, (3-month USD CME Term SOFR + 1.04%) 5.358% <br>4/15/2032 <sup>(b)(c)(e)</sup>  | 187 | 187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinitas CLO, Ltd., Series 2020-12A, Class A1R2, (3-month USD CME Term SOFR + 1.05%) 5.309% <br>4/25/2033 <sup>(b)(c)(e)</sup>  | 250 | 251 |
|  |  | 1061 |
| **Commercial mortgage-backed securities 0.14%** |  |  |
| American Homes 4 Rent, Series 2015-SFR2, Class B, 4.295% 10/17/2052 <sup>(b)(c)</sup>  | 150 | 150 |
| **Total asset-backed obligations** |  | 23162 |
| **Mortgage-backed obligations 5.10%**<br> **Collateralized mortgage-backed obligations (privately originated) 2.84%**<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BRAVO Residential Funding Trust, Series 2023-NQM8, Class A1, 6.394% 10/25/2063 (7.394% on <br>11/1/2027) <sup>(a)(b)(c)</sup>  | 67 | 68 |
| Cascade Funding Mortgage Trust, Series 2024-HB13, Class A, 3.00% 5/25/2034 <sup>(b)(c)(e)</sup>  | 86 | 85 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class A, 4.00% 8/25/2034 <sup>(b)(c)(e)</sup>  | 58 | 58 |
| COLT Funding, LLC, Series 2023-3, Class A1, 7.18% 9/25/2068 (8.18% on 9/1/2027) <sup>(a)(b)(c)</sup>  | 63 | 64 |
| COLT Funding, LLC, Series 2023-4, Class A1, 7.163% 10/25/2068 (8.163% on 10/1/2027) <sup>(a)(b)(c)</sup>  | 473 | 481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2024-R02, Class 1M1, (30-day Average USD-SOFR + 1.10%) 5.456% <br> 2/25/2044 <sup>(b)(c)(e)</sup>  | 210 | 210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2025-R02, Class 1A1, (30-day Average USD-SOFR + 1.00%) 5.356% <br> 2/25/2045 <sup>(b)(c)(e)</sup>  | 10 | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2025-R02, Class 1M1, (30-day Average USD-SOFR + 1.15%) 5.506% <br> 2/25/2045 <sup>(b)(c)(e)</sup>  | 159 | 159 |

---

Capital Group Ultra Short Income ETF — Page 5 of 9

------

**unaudited**

---

| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Collateralized mortgage-backed obligations (privately originated) (continued)**<br>|  | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Finance of America HECM Buyout, Series 24-HB1, Class A1A, 4.00% 10/1/2034 <sup>(b)(c)(e)</sup>  | Finance of America HECM Buyout, Series 24-HB1, Class A1A, 4.00% 10/1/2034 <sup>(b)(c)(e)</sup>  | USD143 | $142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA2, Class M1A, (30-day Average <br> USD-SOFR + 1.30%) 5.656% 2/25/2042 <sup>(b)(c)(e)</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA2, Class M1A, (30-day Average <br> USD-SOFR + 1.30%) 5.656% 2/25/2042 <sup>(b)(c)(e)</sup>  | 80 | 79 |
| Home Partners of America Trust, Series 2021-2, Class C, 2.402% 12/17/2026 <sup>(b)(c)</sup>  | Home Partners of America Trust, Series 2021-2, Class C, 2.402% 12/17/2026 <sup>(b)(c)</sup>  | 144 | 140 |
| MFRA Trust, Series 2025-NQM3, Class A1, 5.261% 8/25/2070 (6.261% on 7/1/2029) <sup>(a)(b)(c)</sup>  | MFRA Trust, Series 2025-NQM3, Class A1, 5.261% 8/25/2070 (6.261% on 7/1/2029) <sup>(a)(b)(c)</sup>  | 99 | 100 |
| Onslow Bay Financial, LLC, Series 2023-NQM10, Class A1, 6.465% 10/25/2063 (7.465% on 11/1/2027) <sup>(a)(b)(c)</sup>  | Onslow Bay Financial, LLC, Series 2023-NQM10, Class A1, 6.465% 10/25/2063 (7.465% on 11/1/2027) <sup>(a)(b)(c)</sup>  | 122 | 123 |
| Towd Point Mortgage Trust, Series 2015-5, Class M2, 3.50% 5/25/2055 <sup>(b)(c)(e)</sup>  | Towd Point Mortgage Trust, Series 2015-5, Class M2, 3.50% 5/25/2055 <sup>(b)(c)(e)</sup>  | 47 | 47 |
| Towd Point Mortgage Trust, Series 2017-4, Class A1, 2.75% 6/25/2057 <sup>(b)(c)(e)</sup>  | Towd Point Mortgage Trust, Series 2017-4, Class A1, 2.75% 6/25/2057 <sup>(b)(c)(e)</sup>  | 174 | 171 |
| Towd Point Mortgage Trust, Series 2017-3, Class A2, 3.00% 7/25/2057 <sup>(b)(c)(e)</sup>  | Towd Point Mortgage Trust, Series 2017-3, Class A2, 3.00% 7/25/2057 <sup>(b)(c)(e)</sup>  | 379 | 374 |
| Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25% 3/25/2058 <sup>(b)(c)(e)</sup>  | Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25% 3/25/2058 <sup>(b)(c)(e)</sup>  | 107 | 106 |
| Towd Point Mortgage Trust, Series 15-2, Class 1B2, 3.423% 11/25/2060 <sup>(b)(e)</sup>  | Towd Point Mortgage Trust, Series 15-2, Class 1B2, 3.423% 11/25/2060 <sup>(b)(e)</sup>  | 206 | 201 |
| Tricorn American Homes, Series 2020-SFR1, Class B, 2.049% 7/17/2038 <sup>(b)(c)</sup>  | Tricorn American Homes, Series 2020-SFR1, Class B, 2.049% 7/17/2038 <sup>(b)(c)</sup>  | 200 | 196 |
| Verus Securitization Trust, Series 2023-4, Class A1, 5.811% 5/25/2068 (6.811% on 5/1/2027) <sup>(a)(b)(c)</sup>  | Verus Securitization Trust, Series 2023-4, Class A1, 5.811% 5/25/2068 (6.811% on 5/1/2027) <sup>(a)(b)(c)</sup>  | 98 | 99 |
| Verus Securitization Trust, Series 2025-7, Class A1, 5.129% 8/25/2070 (6.129% on 8/1/2029) <sup>(a)(b)(c)</sup>  | Verus Securitization Trust, Series 2025-7, Class A1, 5.129% 8/25/2070 (6.129% on 8/1/2029) <sup>(a)(b)(c)</sup>  | 99 | 100 |
|  |  |  | 3013 |
| **Commercial mortgage-backed securities 2.26%** |  |  |  |
| AMSR Trust, Series 2021-SFR3, Class B, 1.726% 10/17/2038 <sup>(b)(c)</sup>  | AMSR Trust, Series 2021-SFR3, Class B, 1.726% 10/17/2038 <sup>(b)(c)</sup>  | 100 | 97 |
| Bank Commercial Mortgage Trust, Series 2017-BNK4, Class A4, 3.625% 5/15/2050  | Bank Commercial Mortgage Trust, Series 2017-BNK4, Class A4, 3.625% 5/15/2050  | 400 | 396 |
| BX Trust, Series 2021-ARIA, Class A, (1-month USD CME Term SOFR + 1.014%) 5.164% 10/15/2036 <sup>(b)(c)(e)</sup>  | BX Trust, Series 2021-ARIA, Class A, (1-month USD CME Term SOFR + 1.014%) 5.164% 10/15/2036 <sup>(b)(c)(e)</sup>  | 200 | 200 |
| BX Trust, Series 2022-AHP, Class A, (1-month USD CME Term SOFR + 0.99%) 5.14% 1/17/2039 <sup>(b)(c)(e)</sup>  | BX Trust, Series 2022-AHP, Class A, (1-month USD CME Term SOFR + 0.99%) 5.14% 1/17/2039 <sup>(b)(c)(e)</sup>  | 130 | 130 |
| CD Commercial Mortgage Trust, Series 2017-CD6, Class A5, 3.456% 11/13/2050 <sup>(c)</sup>  | CD Commercial Mortgage Trust, Series 2017-CD6, Class A5, 3.456% 11/13/2050 <sup>(c)</sup>  | 19 | 18 |
| CSAIL Commercial Mortgage Trust, Series 2017-CX10, Class A4, 3.191% 11/15/2050 <sup>(c)</sup>  | CSAIL Commercial Mortgage Trust, Series 2017-CX10, Class A4, 3.191% 11/15/2050 <sup>(c)</sup>  | 10 | 10 |
| FirstKey Homes Trust, Series 2020-SFR2, Class A, 1.266% 10/19/2037 <sup>(b)(c)</sup>  | FirstKey Homes Trust, Series 2020-SFR2, Class A, 1.266% 10/19/2037 <sup>(b)(c)</sup>  | 167 | 167 |
| FirstKey Homes Trust, Series 20-SFR2, Class C, 1.667% 10/19/2037 <sup>(b)(c)</sup>  | FirstKey Homes Trust, Series 20-SFR2, Class C, 1.667% 10/19/2037 <sup>(b)(c)</sup>  | 200 | 199 |
| GS Mortgage Securities Trust, Series 2017-GS5, Class A4, 3.674% 3/10/2050 <sup>(c)</sup>  | GS Mortgage Securities Trust, Series 2017-GS5, Class A4, 3.674% 3/10/2050 <sup>(c)</sup>  | 202 | 199 |
| GS Mortgage Securities Trust, Series 2017-GS6, Class A3, 3.433% 5/10/2050 <sup>(c)</sup>  | GS Mortgage Securities Trust, Series 2017-GS6, Class A3, 3.433% 5/10/2050 <sup>(c)</sup>  | 23 | 23 |
| UBS Commercial Mortgage Trust, Series 2017-C2, Class A4, 3.487% 8/15/2050 <sup>(c)</sup>  | UBS Commercial Mortgage Trust, Series 2017-C2, Class A4, 3.487% 8/15/2050 <sup>(c)</sup>  | 15 | 15 |
| Wells Fargo Commercial Mortgage Trust, Series 2017-C39, Class A5, 3.418% 9/15/2050 <sup>(c)</sup>  | Wells Fargo Commercial Mortgage Trust, Series 2017-C39, Class A5, 3.418% 9/15/2050 <sup>(c)</sup>  | 475 | 465 |
| Wells Fargo Commercial Mortgage Trust, Series 2016-LC25, Class A3, 3.374% 12/15/2059 <sup>(c)</sup>  | Wells Fargo Commercial Mortgage Trust, Series 2016-LC25, Class A3, 3.374% 12/15/2059 <sup>(c)</sup>  | 485 | 480 |
|  |  |  | 2399 |
| **Total mortgage-backed obligations** |  |  | 5412 |
| **Total bonds, notes & other debt instruments** (cost: $81,349,000) |  |  | 81556 |
| Short-term securities 22.97%<br> **Commercial paper 22.97%**<br>| Weighted<br> average yield<br> at acquisition<br>|  |  |
| Atlantic Asset Securitization, LLC 12/3/2025 <sup>(b)</sup> <br>| 4.240<br> %<br>| 500 | 496 |
| Australia & New Zealand Banking Group, Ltd. 11/18/2025 <sup>(b)</sup> <br>| 4.320 | 1200 | 1193 |
| Automatic Data Processing, Inc. 10/1/2025 <sup>(b)</sup> <br>| 4.179 | 1500 | 1500 |
| Cabot Trail Funding, LLC. 10/14/2025 <sup>(b)</sup> <br>| 4.049 | 536 | 535 |
| Cabot Trail Funding, LLC. 12/19/2025 <sup>(b)</sup> <br>| 4.494 | 1100 | 1090 |
| Caisse d'Amortissement de la Dette Sociale 11/3/2025 <sup>(b)</sup> <br>| 4.414 | 1800 | 1793 |
| Caisse d'Amortissement de la Dette Sociale 12/5/2025 <sup>(b)</sup> <br>| 4.174 | 600 | 596 |
| Canadian Imperial Bank of Commerce 10/1/2025 <sup>(b)</sup> <br>| 4.179 | 1450 | 1450 |
| DBS Bank, Ltd. 11/17/2025 <sup>(b)</sup> <br>| 4.047 | 1500 | 1492 |
| DBS Bank, Ltd. 1/22/2026 <sup>(b)</sup> <br>| 4.054 | 600 | 592 |
| Gotham Funding Corp. 10/10/2025 <sup>(b)</sup> <br>| 4.445 | 1000 | 999 |
| Gotham Funding Corp. 11/7/2025 <sup>(b)</sup> <br>| 4.135 | 1500 | 1494 |
| ING (U.S.) Funding, LLC 10/7/2025 <sup>(b)</sup> <br>| 4.330 | 800 | 799 |
| Komatsu Finance America, Inc. 11/14/2025 <sup>(b)</sup> <br>| 4.463 | 800 | 796 |
| Liberty Street Funding Corp. 10/22/2025 <sup>(b)</sup> <br>| 4.441 | 1500 | 1496 |

---

Capital Group Ultra Short Income ETF — Page 6 of 9

------

**unaudited**

---

| | | | |
|:---|:---|:---|:---|
| Short-term securities (continued)<br> **Commercial paper (continued)**<br>| Weighted<br> average yield<br> at acquisition<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Manhattan Asset Funding Company, LLC 11/4/2025 <sup>(b)</sup> <br>| 4.189<br> %<br>| USD1,000 | $996 |
| Manhattan Asset Funding Company, LLC 11/14/2025 <sup>(b)</sup> <br>| 4.471 | 800 | 796 |
| Manhattan Asset Funding Company, LLC 2/9/2026 <sup>(b)</sup> <br>| 4.095 | 700 | 690 |
| Mizuho Bank, Ltd. 10/1/2025 <sup>(b)</sup> <br>| 4.404 | 600 | 600 |
| Mizuho Bank, Ltd. 11/18/2025 <sup>(b)</sup> <br>| 4.192 | 1000 | 994 |
| Nestle Finance International, Ltd. 10/22/2025 <sup>(b)</sup> <br>| 4.336 | 900 | 898 |
| Sumitomo Mitsui Trust Bank, Ltd. 11/7/2025 <sup>(b)</sup> <br>| 4.403 | 1600 | 1593 |
| Toyota Credit de Puerto Rico Corp. 12/8/2025  | 4.124 | 1500 | 1488 |
|  |  |  | 24376 |
| **Total short-term securities** (cost: $24,376,000) |  |  | 24376 |
| **Total investment securities 99.83%** (cost $105,725,000) |  |  | 105932 |
| **Other assets less liabilities 0.17%** |  |  | 184 |
| **Net assets 100.00%** |  |  | $106116 |

---

Swap contracts

------

**Interest rate swaps**

**Centrally cleared interest rate swaps** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| Rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;3.3515% | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD13,700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $11 |
| 3.423% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10/14/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $19 |

---

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

<sup>(a)</sup> Step bond; coupon rate may change at a later date.

<sup>(b)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $49,168,000, which represented 46.33% of the net assets of the fund. 

<sup>(c)</sup> Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.

<sup>(d)</sup> Scheduled interest and/or principal payment was not received.

<sup>(e)</sup> Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available.

Valuation disclosures

------

Capital Research and Management Company ("CRMC"), the fund's investment adviser, values the fund's investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers. Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date.

**Methods and inputs** — The fund's investment adviser uses the following methods and inputs to establish the fair value of the fund's assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.

Equity securities, including depositary receipts, are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.

Capital Group Ultra Short Income ETF — Page 7 of 9

------

**unaudited**

Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.

---

| | |
|:---|:---|
| **Fixed-income class** | **Examples of standard inputs** |
| &nbsp;&nbsp;&nbsp;&nbsp; All | &nbsp;&nbsp;&nbsp; Benchmark yields, transactions, bids, offers, quotations from dealers and <br> trading systems, new issues, spreads and other relationships observed in <br> the markets among comparable securities; and proprietary pricing <br> models such as yield measures calculated using factors such as cash flows, <br> financial or collateral performance and other reference data (collectively <br> referred to as "standard inputs")<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate bonds, notes & loans; convertible securities | Standard inputs and underlying equity of the issuer |
| &nbsp;&nbsp;&nbsp;&nbsp; Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed; asset-backed obligations | &nbsp;&nbsp;&nbsp; Standard inputs and cash flows, prepayment information, default rates, <br> delinquency and loss assumptions, collateral characteristics, credit <br> enhancements and specific deal information<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal securities | &nbsp;&nbsp;&nbsp; Standard inputs and, for certain distressed securities, cash flows or <br> liquidation values using a net present value calculation based on <br> inputs that include, but are not limited to, financial statements and debt <br> contracts<br>|

---

Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund's investment adviser. Exchange-traded futures are generally valued at the official settlement price for futures on the exchange or market on which such instruments are traded, as of the close of business on the day such instruments are being valued. The average month-end notional amount of futures contracts while held was $3,218,000. Swaps are generally valued using evaluated prices obtained from third-party pricing vendors who calculate these values based on market inputs that may include the yields of the indices referenced in the instrument and the relevant curve, dealer quotes, default probabilities and recovery rates, other reference data, and terms of the contract. The average month-end notional amounts of interest rate swaps while held was $22,230,000.

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund's investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund's investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

**Processes and structure** — The fund's board of trustees has designated the fund's investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the "Committee") to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser's valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser's global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund's board and audit committee also regularly review reports that describe fair value determinations and methods.

Capital Group Ultra Short Income ETF — Page 8 of 9

------

**unaudited**

**Classifications** — The fund's investment adviser classifies the fund's assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The fund's valuation levels as of September 30, 2025, were as follows (dollars in thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Investment securities | Investment securities | Investment securities | Investment securities |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, notes & other debt instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate bonds, notes & loans  | $— | $52982 | $— | $52982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-backed obligations  |  | 23162 |  | 23162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed obligations  |  | 5412 |  | 5412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term securities  |  | 24376 |  | 24376 |
| Total | $— | $105932 | $— | $105932 |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Other investments\* | Other investments\* | Other investments\* | Other investments\* |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on centrally cleared interest rate swaps  | $— | $19 | $— | $19 |
| Total | $— | $19 | $— | $19 |

---

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

\* Interest rate swaps are not included in the investment portfolio.

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

---

| |
|:---|
| **Key to abbreviation(s)** |
| CLO = Collateralized Loan Obligations |
| CME = CME Group |
| SOFR = Secured Overnight Financing Rate |
| USD = U.S. dollars |
| UST = U.S. Treasury |

---

**Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.**

**Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing.** 

**You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.**

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Capital Client Group, Inc., member FINRA.© 2025 Capital Group. All rights reserved.

ETGEFP3-320-1125

Capital Group Ultra Short Income ETF — Page 9 of 9

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Capital Group Fixed Income ETF Trust

- **b. Investment Company Act file number:** 811-23738

- **c. CIK number of Registrant:** 0001870117

- **d. LEI of Registrant:** 549300E5VFNPOBZRHM30

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

  - **Street Address 1:** 6455 Irvine Center Drive

  - **City:** Irvine

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92618

  - **Telephone number:** 949-975-5000

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

- **a. Name of Series:** Capital Group Ultra Short Income ETF

- **b. EDGAR series identifier (if any):** S000085085

- **c. LEI of Series:** 2549004RX8IEKSOGFS38

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $106231124.03

**Total Liabilities:** $115316.30

**Net Assets:** $106115807.73

**Delayed Delivery Securities:** $99986.60

**Cash Not Reported:** $60731.81

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1188.05000000 | **1-Year:** -3978.61000000 | **5-Year:** -948.61000000 | **10-Year:** -299.76000000 | **30-Year:** -175.34000000

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

- **3-Month:** -52.30000000 | **1-Year:** -402.36000000 | **5-Year:** -74.93000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000249949 | 0.28%                | 0.51%                | 0.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6415.48                 | $-128072.47                                |
| Month 2  | $2269.68                 | $173433.81                                 |
| Month 3  | $-61329.63               | $17789.29                                  |

**Designated Index Information**

- **Index Name:** Bloomberg U.S. Aggregate Index

- **Index Identifier:** LBUSTRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Westlake Automobile Receivables Trust                  | Westlake Automobile Receivables Trust 2025-P1                                                                         | CUSIP: 96043LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     75000 | PA      | $75284.51     | 0.07%             | 2028-02-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                    | JPMorgan Chase & Co                                                                                                   | CUSIP: 46647PCB0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    750000 | PA      | $739348.77    | 0.70%             | 2027-04-22      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| Cabot Trail Funding LLC                                | Cabot Trail Funding LLC                                                                                               | CUSIP: 12710GZK9<br>LEI: 25490002FPRX2W8W9V23 | Long             | STIV             | CORP              | US        |   1100000 | PA      | $1090083.72   | 1.03%             | 2025-12-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                  | Wells Fargo & Co                                                                                                      | CUSIP: 95000U2F9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    256000 | PA      | $254219.59    | 0.24%             | 2027-06-17      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                              | Boeing Co/The                                                                                                         | CUSIP: 097023CH6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496739.98    | 0.47%             | 2026-05-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| BX Trust                                               | BX Commercial Mortgage Trust 2022-AHP                                                                                 | CUSIP: 05610FAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    130000 | PA      | $129960.81    | 0.12%             | 2039-01-17      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                         | CPS Auto Receivables Trust 2024-A                                                                                     | CUSIP: 22411CAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    244273 | PA      | $244865.98    | 0.23%             | 2028-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                    | Southern California Edison Co                                                                                         | CUSIP: 842400HW6<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150503.58    | 0.14%             | 2026-06-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Limited                    | Textainer Marine Containers VII Ltd                                                                                   | CUSIP: 88315LAR9<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | BM        |     64667 | PA      | $60109.88     | 0.06%             | 2046-04-20      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                 | PNC Financial Services Group Inc/The                                                                                  | CUSIP: 693475BB0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195337.07    | 0.18%             | 2026-08-13      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                               | Ford Motor Credit Co LLC                                                                                              | CUSIP: 345397XU2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249929.62    | 0.24%             | 2026-01-08      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                       | Trinitas CLO XII Ltd                                                                                                  | CUSIP: 89641GAY8<br>LEI: 254900G1XMKSN9WBVL66 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250674.50    | 0.24%             | 2033-04-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Southern Power Co                                      | Southern Power Co                                                                                                     | CUSIP: 843646AM2<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149964.40    | 0.14%             | 2025-12-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Ondeck Asset Securitization Trust LLC                  | OnDeck Asset Securitization IV LLC                                                                                    | CUSIP: 68237DAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $401450.80    | 0.38%             | 2032-04-19      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Altria Group Inc                                       | Altria Group Inc                                                                                                      | CUSIP: 02209SBC6<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199866.19    | 0.19%             | 2026-02-14      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                           | GS Mortgage Securities Trust 2017-GS5                                                                                 | CUSIP: 36252HAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    201677 | PA      | $199275.15    | 0.19%             | 2050-03-10      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                            | Oracle Corp                                                                                                           | CUSIP: 68389XCY9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    208000 | PA      | $211529.36    | 0.20%             | 2028-08-03      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                                         | ACHV ABS Trust 2024-3AL                                                                                               | CUSIP: 00092KAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    330779 | PA      | $333967.82    | 0.31%             | 2031-12-26      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| Avant Credit Card Master Trust                         | Avant Credit Card Master Trust                                                                                        | CUSIP: 05351KAK5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $200498.20    | 0.19%             | 2029-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Stellantis Financial Underwritten Enhanced Lease Trust | Stellantis Financial Underwritten Enhanced Lease Trust 2025-A                                                         | CUSIP: 858928AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     70266 | PA      | $70593.60     | 0.07%             | 2027-07-20      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                            | Hertz Vehicle Financing III LLC                                                                                       | CUSIP: 42806MCA5<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |    512000 | PA      | $521860.92    | 0.49%             | 2028-02-25      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA PLC                                        | AstraZeneca PLC                                                                                                       | CUSIP: 046353AV0<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $491530.60    | 0.46%             | 2026-04-08      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| Brex Inc                                               | Brex Commercial Charge Card Master Trust                                                                              | CUSIP: 05601DAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    221000 | PA      | $222409.41    | 0.21%             | 2027-07-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Western Funding Auto Loan Trust                        | Western Funding Auto Loan Trust 2025-1                                                                                | CUSIP: 958250AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     56000 | PA      | $56486.91     | 0.05%             | 2035-07-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FED CAISSES DESJARDINS                                 | Federation des Caisses Desjardins du Quebec                                                                           | CUSIP: 31428FZ57<br>LEI: 549300B2Q47IR0CR5B54 | Long             | STIV             | CORP              | CA        |    600000 | PA      | $595525.20    | 0.56%             | 2025-12-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                 | NextEra Energy Capital Holdings Inc                                                                                   | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    275000 | PA      | $278043.63    | 0.26%             | 2027-09-01      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE OP CO                                   | Public Storage Operating Co                                                                                           | CUSIP: 74460WAA5<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              |  | US        |     75000 | PA      | $74023.95     | 0.07%             | 2026-02-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| TOYOTA CRED PUERTO RICO                                | Toyota Credit de Puerto Rico Corp                                                                                     | CUSIP: 8923A0Z89<br>LEI: 549300C3PZBB11ZOEC65 | Long             | STIV             | CORP              | PR        |   1500000 | PA      | $1488166.50   | 1.40%             | 2025-12-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                         | Enterprise Fleet Financing 2022-1 LLC                                                                                 | CUSIP: 29375JAC8<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |    141503 | PA      | $141452.20    | 0.13%             | 2028-01-20      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                | Hyundai Capital America                                                                                               | CUSIP: 44891ADF1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199985.47    | 0.19%             | 2027-09-24      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| NESTLE FINANCE INTL LTD                                | Nestle Finance International Ltd                                                                                      | CUSIP: 64106GXN8<br>LEI: 0KLLMNHINTFDRMU6DI05 | Long             | STIV             | CORP              | LU        |    900000 | PA      | $897750.54    | 0.85%             | 2025-10-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                       | Deutsche Bank AG/New York NY                                                                                          | CUSIP: 251526BZ1<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $99897.45     | 0.09%             | 2026-01-13      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Exeter Select Automobile Receivables Trust             | Exeter Select Automobile Receivables Trust 2025-1                                                                     | CUSIP: 30185AAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     39652 | PA      | $39797.79     | 0.04%             | 2028-10-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                        | BRAVO Residential Funding Trust 2023-NQM8                                                                             | CUSIP: 10567MAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     67478 | PA      | $68267.65     | 0.06%             | 2063-10-25      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                               | Microchip Technology Inc                                                                                              | CUSIP: 595017BK9<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |    399000 | PA      | $404942.20    | 0.38%             | 2028-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                       | T-Mobile USA Inc                                                                                                      | CUSIP: 87264ABR5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1001000 | PA      | $993265.03    | 0.94%             | 2026-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| NMEF Funding LLC                                       | NMEF Funding 2025-B LLC                                                                                               | CUSIP: 62919WAB5<br>LEI: 549300LKWL3P0UPHKL72 | Long             | ABS-O            | CORP              | US        |    127000 | PA      | $127571.91    | 0.12%             | 2033-01-18      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                            | Truist Bank                                                                                                           | CUSIP: 86787GAJ1<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    600000 | PA      | $596547.70    | 0.56%             | 2026-05-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                 | General Motors Financial Co Inc                                                                                       | CUSIP: 37045XBG0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500844.83    | 0.47%             | 2026-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                                         | ACHV ABS TRUST 2024-2PL                                                                                               | CUSIP: 00092HAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     52598 | PA      | $52936.20     | 0.05%             | 2031-10-27      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                             | Affirm Asset Securitization Trust 2024-X2                                                                             | CUSIP: 00833QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     84113 | PA      | $84193.47     | 0.08%             | 2029-12-17      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVABLES                      | GreatAmerica Leasing Receivables Funding LLC Series 2024-1                                                            | CUSIP: 39154TCJ5<br>LEI: 549300JFP7GIDD4UWO79 | Long             | ABS-O            | CORP              | US        |    830000 | PA      | $839307.62    | 0.79%             | 2028-01-18      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                             | MFA 2025-NQM3 Trust                                                                                                   | CUSIP: 58004LAA5<br>LEI: 2549007EHG79GWD49I44 | Long             | ABS-MBS          | CORP              | US        |     98709 | PA      | $99616.94     | 0.09%             | 2070-08-25      | Variable      | 5.26%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust              | SFS Auto Receivables Securitization Trust 2023-1                                                                      | CUSIP: 78398AAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    276523 | PA      | $278560.40    | 0.26%             | 2028-10-20      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                         | Morgan Stanley                                                                                                        | CUSIP: 61772BAB9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    400000 | PA      | $393755.27    | 0.37%             | 2027-05-04      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                             | LAD Auto Receivables Trust 2023-1                                                                                     | CUSIP: 505710AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $301862.94    | 0.28%             | 2027-12-15      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                | HCA Inc                                                                                                               | CUSIP: 404119CY3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    300000 | PA      | $305582.95    | 0.29%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                               | Lloyds Banking Group PLC                                                                                              | CUSIP: 539439AM1<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $500124.94    | 0.47%             | 2025-12-10      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                                | Arthur J Gallagher & Co                                                                                               | CUSIP: 04316JAK5<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    874000 | PA      | $882937.62    | 0.83%             | 2027-12-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                     | Energy Transfer LP                                                                                                    | CUSIP: 29273RBG3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300093.68    | 0.28%             | 2026-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                            | Hertz Vehicle Financing III LLC                                                                                       | CUSIP: 42806MBT5<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $150934.05    | 0.14%             | 2027-06-25      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                  | Toronto-Dominion Bank/The                                                                                             | CUSIP: 89114QCP1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $297279.05    | 0.28%             | 2026-01-06      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                                         | ACHV ABS Trust 2025-1PL                                                                                               | CUSIP: 00112MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     43822 | PA      | $43993.16     | 0.04%             | 2032-04-26      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP                                   | Boston Properties LP                                                                                                  | CUSIP: 10112RAY0<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |    675000 | PA      | $664431.42    | 0.63%             | 2026-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                                    | PFS Financing Corp                                                                                                    | CUSIP: 69335PEV3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    580000 | PA      | $583849.46    | 0.55%             | 2028-05-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                | Hyundai Capital America                                                                                               | CUSIP: 44891ADZ7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    167000 | PA      | $166679.60    | 0.16%             | 2028-09-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                              | Towd Point Mortgage Trust 2017-4                                                                                      | CUSIP: 89173UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    174405 | PA      | $171020.57    | 0.16%             | 2057-06-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                             | US Bancorp                                                                                                            | CUSIP: 91159HHM5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1342810.52   | 1.27%             | 2026-04-27      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| KOMATSU FINANCE AMERICA                                | Komatsu Finance America Inc                                                                                           | CUSIP: 50045VYE7<br>LEI: 549300SRAAFEEQ8Z4D68 | Long             | STIV             | CORP              | US        |    800000 | PA      | $795920.00    | 0.75%             | 2025-11-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                               | OBX 2023-NQM10 Trust                                                                                                  | CUSIP: 67449CAA9<br>LEI: 254900O44XNRXAW7W466 | Long             | ABS-MBS          | CORP              | US        |    121661 | PA      | $123165.48    | 0.12%             | 2063-10-25      | Variable      | 6.47%                 | No            |                  2 | On Loan: No      |
| REPSOL E&P CAP MARKETS                                 | Repsol E&P Capital Markets US LLC                                                                                     | CUSIP: 76026AAA5<br>LEI: 894500D0J12FRZ3Q0M15 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200931.96    | 0.19%             | 2028-09-16      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                       | Fannie Mae Connecticut Avenue Securities                                                                              | CUSIP: 20754GAA8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    210201 | PA      | $210143.82    | 0.20%             | 2044-02-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                             | Verus Securitization Trust 2023-4                                                                                     | CUSIP: 92539TAA1<br>LEI: 2138008DC17PCNG48R87 | Long             | ABS-MBS          | CORP              | US        |     98283 | PA      | $98642.26     | 0.09%             | 2068-05-25      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| DBS BANK LTD                                           | DBS Bank Ltd                                                                                                          | CUSIP: 23305DYH2<br>LEI: ATUEL7OJR5057F2PV266 | Long             | STIV             | CORP              | SG        |   1500000 | PA      | $1491847.95   | 1.41%             | 2025-11-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                  | Toronto-Dominion Bank/The                                                                                             | CUSIP: 89115A3A8<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    850000 | PA      | $854882.09    | 0.81%             | 2026-12-17      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC                                    | Reach ABS Trust 2024-2                                                                                                | CUSIP: 75525HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     77375 | PA      | $77783.41     | 0.07%             | 2031-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Verdant Receivables LLC                                | Verdant Receivables 2025-1 LLC                                                                                        | CUSIP: 92340GAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100579.00    | 0.09%             | 2028-03-13      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                 | Philip Morris International Inc                                                                                       | CUSIP: 718172CR8<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196573.37    | 0.19%             | 2026-05-01      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                               | Delta Air Lines Inc / SkyMiles IP Ltd                                                                                 | CUSIP: 830867AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     81250 | PA      | $81152.10     | 0.08%             | 2025-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                      | Brown & Brown Inc                                                                                                     | CUSIP: 115236AH4<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    850000 | PA      | $854747.06    | 0.81%             | 2026-12-23      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Auxilior Term Funding LLC                              | Auxilior Term Funding 2023-1 LLC                                                                                      | CUSIP: 05335JAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $152540.01    | 0.14%             | 2030-02-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                       | Bank of Montreal                                                                                                      | CUSIP: 06368MFW9<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $300224.97    | 0.28%             | 2026-12-11      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| Securitized Term Auto Receivables Trust                | Securitized Term Auto Receivables Trust                                                                               | CUSIP: 81378RAB0<br>LEI: 254900DVX7EZK9JMUP63 | Long             | ABS-O            | CORP              | CA        |    153802 | PA      | $155307.09    | 0.15%             | 2031-07-25      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Conagra Brands Inc                                     | Conagra Brands Inc                                                                                                    | CUSIP: 205887CB6<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |    350000 | PA      | $349900.24    | 0.33%             | 2025-11-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Bank                                                   | BANK 2017-BNK4                                                                                                        | CUSIP: 06541FBA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $395695.12    | 0.37%             | 2050-05-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                      | HSBC Holdings PLC                                                                                                     | CUSIP: 404280AW9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $300153.15    | 0.28%             | 2026-03-08      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Truist Bank Auto Credit-Linked Notes                   | Truist Bank Auto Credit-Linked Notes Series 2025-1                                                                    | CUSIP: 897926CB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    268000 | PA      | $268469.25    | 0.25%             | 2033-09-26      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust          | Bridgecrest Lending Auto Securitization Trust 2023-1                                                                  | CUSIP: 108056AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    290000 | PA      | $291616.87    | 0.27%             | 2029-08-15      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                               | Ford Motor Credit Co LLC                                                                                              | CUSIP: 345397B77<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246029.84    | 0.23%             | 2026-08-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                 | Santander Drive Auto Receivables Trust 2024-3                                                                         | CUSIP: 80287LAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    260000 | PA      | $264016.35    | 0.25%             | 2029-09-17      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                 | UnitedHealth Group Inc                                                                                                | CUSIP: 91324PEN8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     51000 | PA      | $51012.02     | 0.05%             | 2025-10-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CLI Funding LLC                                        | CLI Funding VIII LLC                                                                                                  | CUSIP: 12565KAC1<br>LEI: 254900Z4P82YK31RVL27 | Long             | ABS-O            | CORP              | US        |     50274 | PA      | $46504.14     | 0.04%             | 2046-02-18      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                            | Citibank NA                                                                                                           | CUSIP: 17325FBN7<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252332.76    | 0.24%             | 2027-05-29      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| COPT DEFENSE PROP LP                                   | COPT Defense Properties LP                                                                                            | CUSIP: 22003BAL0<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              |  | US        |    600000 | PA      | $593971.22    | 0.56%             | 2026-03-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                | Hyundai Capital America                                                                                               | CUSIP: 44891ADK0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101139.55    | 0.10%             | 2027-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                               | Lloyds Banking Group PLC                                                                                              | CUSIP: 53944YAB9<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $500422.26    | 0.47%             | 2026-03-24      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                             | GLS Auto Receivables Issuer Trust 2025-2                                                                              | CUSIP: 37989BAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $909888.30    | 0.86%             | 2029-10-15      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                         | CPS Auto Receivables Trust 2024-D                                                                                     | CUSIP: 22411JAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     37192 | PA      | $37250.14     | 0.04%             | 2028-06-15      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| FED CAISSES DESJARDINS                                 | Federation des Caisses Desjardins du Quebec                                                                           | CUSIP: 31428FY33<br>LEI: 549300B2Q47IR0CR5B54 | Long             | STIV             | CORP              | CA        |   1800000 | PA      | $1792983.60   | 1.69%             | 2025-11-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Post Road Equipment Finance                            | Post Road Equipment Finance 2024-1 LLC                                                                                | CUSIP: 737473AD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $507894.80    | 0.48%             | 2030-10-15      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| PEAC Solutions Receivables LLC                         | PEAC Solutions Receivables 2024-2 LLC                                                                                 | CUSIP: 69392BAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     54763 | PA      | $54887.73     | 0.05%             | 2027-04-20      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                       | Fannie Mae Connecticut Avenue Securities                                                                              | CUSIP: 20754TAC6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    158517 | PA      | $158614.07    | 0.15%             | 2045-02-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                     | Canadian Imperial Bank of Commerce                                                                                    | CUSIP: 13608AX19<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | STIV             | CORP              | CA        |   1450000 | PA      | $1449835.43   | 1.37%             | 2025-10-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                | Goldman Sachs Group Inc/The                                                                                           | CUSIP: 38141GXM1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1341631.93   | 1.26%             | 2026-12-09      | Fixed         | 1.09%                 | No            |                  2 | On Loan: No      |
| MetLife Inc                                            | MetLife Inc                                                                                                           | CUSIP: 59156RBQ0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49959.54     | 0.05%             | 2025-11-13      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                         | CFMT 2024-HB15 LLC                                                                                                    | CUSIP: 15723AAA9<br>LEI: 98450050957GF5E1CD92 | Long             | ABS-MBS          | CORP              | US        |     58438 | PA      | $58231.60     | 0.05%             | 2034-08-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                              | Towd Point Mortgage Trust 2015-5                                                                                      | CUSIP: 89171VAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     46944 | PA      | $46738.35     | 0.04%             | 2055-05-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust 2016-LC25                                                                       | CUSIP: 95000JAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    484897 | PA      | $480512.02    | 0.45%             | 2059-12-15      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                  | Wells Fargo & Co                                                                                                      | CUSIP: 94974BFY1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    994500 | PA      | $993892.56    | 0.94%             | 2026-06-03      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| BAT INTL FINANCE PLC                                   | BAT International Finance PLC                                                                                         | CUSIP: 05530QAN0<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |    676000 | PA      | $667919.32    | 0.63%             | 2026-03-25      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                         | Morgan Stanley                                                                                                        | CUSIP: 61746BDZ6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249598.97    | 0.24%             | 2026-01-27      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                               | Long: BCGF5V8H4 IRS USD R V 12MSOFR BCGF5V8H4_FLO CCPOIS / Short: BCGF5V8H4 IRS USD P F  3.35150 BCGF5V8H4_FIX CCPOIS | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  13700000 | OU      | $10862.73     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PenFed Auto Receivables Owner Trust                    | PenFed Auto Receivables Owner Trust 2025-A                                                                            | CUSIP: 706916AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    198000 | PA      | $198144.93    | 0.19%             | 2028-09-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                 | General Motors Financial Co Inc                                                                                       | CUSIP: 37045XDZ6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    700000 | PA      | $700262.18    | 0.66%             | 2025-10-10      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| CMS Energy Corp                                        | CMS Energy Corp                                                                                                       | CUSIP: 125896BQ2<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $992257.18    | 0.94%             | 2026-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TAL Advantage VII LLC                                  | TAL Advantage VII LLC                                                                                                 | CUSIP: 87407RAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    403750 | PA      | $384129.04    | 0.36%             | 2045-09-20      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| NMEF Funding LLC                                       | NMEF Funding 2025-A LLC                                                                                               | CUSIP: 62919VAB7<br>LEI: 549300LKWL3P0UPHKL72 | Long             | ABS-O            | CORP              | US        |    448886 | PA      | $451130.63    | 0.43%             | 2032-07-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                        | CSAIL 2017-CX10 Commercial Mortgage Trust                                                                             | CUSIP: 12595JAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10000 | PA      | $9781.61      | 0.01%             | 2050-11-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| BAE Systems Holdings Inc                               | BAE Systems Holdings Inc                                                                                              | CUSIP: 05523UAP5<br>LEI: MF62XBVMNYTYMC18DL76 | Long             | DBT              | CORP              | US        |    850000 | PA      | $849132.14    | 0.80%             | 2025-12-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trust                        | Prestige Auto Receivables Trust 2024-2                                                                                | CUSIP: 74113SAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     18112 | PA      | $18127.87     | 0.02%             | 2028-02-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust               | Ford Credit Floorplan Master Owner Trust A                                                                            | CUSIP: 34529BAA4<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |    378000 | PA      | $383778.26    | 0.36%             | 2030-04-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Finance of America HECM Buyout                         | Finance of America HECM Buyout 2024-HB1                                                                               | CUSIP: 31737DAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    142887 | PA      | $142510.08    | 0.13%             | 2034-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Receivables Trust           | Arivo Acceptance Auto Loan Receivables Trust 2025-1                                                                   | CUSIP: 039962AF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    472000 | PA      | $472583.30    | 0.45%             | 2029-05-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                   | Bank of America Corp                                                                                                  | CUSIP: 06051GJQ3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1680541.73   | 1.58%             | 2027-03-11      | Fixed         | 1.66%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                          | Citigroup Inc                                                                                                         | CUSIP: 172967KJ9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1502493.93   | 1.42%             | 2026-03-09      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                             | GLS Auto Receivables Issuer Trust 2025-2                                                                              | CUSIP: 37989BAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $200451.16    | 0.19%             | 2028-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                              | Towd Point Mortgage Trust 2017-3                                                                                      | CUSIP: 89169DAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    379336 | PA      | $374397.72    | 0.35%             | 2057-07-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                                            | PNC Bank NA                                                                                                           | CUSIP: 69353RFY9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |    430000 | PA      | $430742.81    | 0.41%             | 2027-05-13      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Blue Owl Asset Leasing Trust                           | Blue Owl Asset Leasing Trust 2024-1 LLC                                                                               | CUSIP: 095921AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    123520 | PA      | $124055.37    | 0.12%             | 2029-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                 | UnitedHealth Group Inc                                                                                                | CUSIP: 91324PDW9<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198210.43    | 0.19%             | 2026-01-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| CAL Funding IV Ltd                                     | CAL Funding IV Ltd                                                                                                    | CUSIP: 12807CAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | BM        |    469450 | PA      | $448122.24    | 0.42%             | 2045-09-25      | Fixed         | 2.22%                 | No            |                  2 | On Loan: No      |
| U.S. Bank National Association                         | US Bank C&I Credit-Linked Notes Series 2025-2                                                                         | CUSIP: 90355PAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250314.50    | 0.24%             | 2032-09-25      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust                           | CD 2017-CD6 Mortgage Trust                                                                                            | CUSIP: 125039AF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     19000 | PA      | $18640.49     | 0.02%             | 2050-11-13      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| MET TOWER GLOBAL FUNDING                               | Met Tower Global Funding                                                                                              | CUSIP: 58989V2K9<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |    300000 | PA      | $304668.73    | 0.29%             | 2028-01-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                                   | FirstKey Homes 2020-SFR2 Trust                                                                                        | CUSIP: 33767JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    167554 | PA      | $166775.43    | 0.16%             | 2037-10-19      | Fixed         | 1.27%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                    | Elevance Health Inc                                                                                                   | CUSIP: 036752BG7<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200894.48    | 0.19%             | 2026-10-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                       | Deutsche Bank AG                                                                                                      | CUSIP: 25152R2Y8<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    700000 | PA      | $699294.55    | 0.66%             | 2026-01-13      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Apex Credit CLO LLC                                    | Apex Credit CLO 2021-II LLC                                                                                           | CUSIP: 03755QAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    312000 | PA      | $312841.78    | 0.29%             | 2034-10-20      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Capteris Equipment Finance                             | Capteris Equipment Finance 2024-1 LLC                                                                                 | CUSIP: 14077AAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    144546 | PA      | $147018.08    | 0.14%             | 2032-07-20      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                 | Philip Morris International Inc                                                                                       | CUSIP: 718172DM8<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201586.98    | 0.19%             | 2027-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                             | US Bancorp                                                                                                            | CUSIP: 91159HJH4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250171.47    | 0.24%             | 2026-10-21      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                           | Broadcom Inc                                                                                                          | CUSIP: 11135FCA7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300843.96    | 0.28%             | 2028-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                    | Charles Schwab Corp/The                                                                                               | CUSIP: 808513AM7<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124649.71    | 0.12%             | 2026-02-13      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                 | CCO Holdings LLC / CCO Holdings Capital Corp                                                                          | CUSIP: 1248EPBR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $249864.70    | 0.24%             | 2026-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                            | Hertz Vehicle Financing LLC                                                                                           | CUSIP: 42806MAN9<br>LEI: 5493004IHDYOZ9K9WF47 | Long             | ABS-O            | CORP              | US        |    560000 | PA      | $544022.08    | 0.51%             | 2028-06-26      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| Wingspire Equipment Finance LLC                        | Wingspire Equipment Finance 2025-1 LLC                                                                                | CUSIP: 97415CAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100034.00    | 0.09%             | 2033-09-20      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                                  | Rio Tinto Finance USA PLC                                                                                             | CUSIP: 76720AAQ9<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $201381.74    | 0.19%             | 2027-03-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                       | Bank of Montreal                                                                                                      | CUSIP: 06368MXU3<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $299681.23    | 0.28%             | 2028-09-22      | Fixed         | 4.06%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                         | CPS Auto Receivables Trust 2022-C                                                                                     | CUSIP: 12664DAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $609652.14    | 0.57%             | 2030-04-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| BX Trust                                               | BX Trust 2021-ARIA                                                                                                    | CUSIP: 05608RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $199868.16    | 0.19%             | 2036-10-15      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Dupont De Nemours Inc                                  | DuPont de Nemours Inc                                                                                                 | CUSIP: 26078JAC4<br>LEI: 5493004JF0SDFLM8GD76 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149951.74    | 0.14%             | 2025-11-15      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Synchrony Card Issuance Trust                          | Synchrony Card Funding LLC                                                                                            | CUSIP: 87166PAN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1017004.60   | 0.96%             | 2030-07-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                       | COLT 2023-3 Mortgage Loan Trust                                                                                       | CUSIP: 19688RAA7<br>LEI: 213800MIPEZY1A8W1N28 | Long             | ABS-MBS          | CORP              | US        |     62919 | PA      | $63897.34     | 0.06%             | 2068-09-25      | Variable      | 7.18%                 | No            |                  2 | On Loan: No      |
| LIBERTY STREET FDG LLC                                 | Liberty Street Funding LLC                                                                                            | CUSIP: 53127TXN8<br>LEI: 549300F33VRHM10B9391 | Long             | STIV             | CORP              | US        |   1500000 | PA      | $1496205.45   | 1.41%             | 2025-10-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust                      | GLS Auto Select Receivables Trust 2024-4                                                                              | CUSIP: 36271BAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     35938 | PA      | $36041.98     | 0.03%             | 2029-12-17      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                    | Charles Schwab Corp/The                                                                                               | CUSIP: 808513CG8<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152246.30    | 0.14%             | 2026-08-24      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Gotham Funding Corp                                    | Gotham Funding Corp                                                                                                   | CUSIP: 38346LXA9<br>LEI: 549300Z2ZR7VTUMRPR17 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $998854.50    | 0.94%             | 2025-10-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                    | JPMorgan Chase & Co                                                                                                   | CUSIP: 46647PEP7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504409.25    | 0.48%             | 2028-10-22      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                               | Ford Motor Credit Co LLC                                                                                              | CUSIP: 345397B28<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    750000 | PA      | $748649.73    | 0.71%             | 2025-11-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| VFI ABS LLC                                            | VFI ABS 2025-1 LLC                                                                                                    | CUSIP: 91824UAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     96211 | PA      | $96660.71     | 0.09%             | 2030-06-24      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                         | Morgan Stanley                                                                                                        | CUSIP: 6174467Y9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200470.37    | 0.19%             | 2026-09-08      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                | Teva Pharmaceutical Finance Netherlands III BV                                                                        | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    750000 | PA      | $737304.38    | 0.69%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                            | Southern Co/The                                                                                                       | CUSIP: 842587CV7<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248475.30    | 0.23%             | 2026-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC               | Avis Budget Rental Car Funding AESOP LLC                                                                              | CUSIP: 05377RFX7<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100421.08    | 0.09%             | 2027-04-20      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| MANHATTAN ASSET FDG CO                                 | Manhattan Asset Funding Co LLC                                                                                        | CUSIP: 56274LY40<br>LEI: 549300S0NSJYSOB32S63 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $995970.10    | 0.94%             | 2025-11-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                    | Petroleos Mexicanos                                                                                                   | CUSIP: 71654QDH2<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1252000 | PA      | $1251222.63   | 1.18%             | 2025-10-16      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NMEF Funding LLC                                       | NMEF Funding 2024-A LLC                                                                                               | CUSIP: 62919UAB9<br>LEI: 549300LKWL3P0UPHKL72 | Long             | ABS-O            | CORP              | US        |    412474 | PA      | $415838.74    | 0.39%             | 2031-12-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                    | Bank of Nova Scotia/The                                                                                               | CUSIP: 06418GAU1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $499103.20    | 0.47%             | 2028-09-15      | Fixed         | 4.04%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                            | Hertz Vehicle Financing III LLC                                                                                       | CUSIP: 42806MCT4<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101026.06    | 0.10%             | 2029-09-25      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| U.S. Bank National Association                         | US Bank NA                                                                                                            | CUSIP: 90357PBC7<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | ABS-O            | CORP              | US        |    191937 | PA      | $192531.07    | 0.18%             | 2032-02-25      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| United Auto Credit Securitization Trust                | United Auto Credit Securitization Trust 2025-1                                                                        | CUSIP: 90945JAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     92959 | PA      | $93049.99     | 0.09%             | 2027-06-10      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Steele Creek CLO Ltd                                   | Steele Creek CLO 2019-1 LTD                                                                                           | CUSIP: 85817BAQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    187093 | PA      | $187088.13    | 0.18%             | 2032-04-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                               | Occidental Petroleum Corp                                                                                             | CUSIP: 674599EH4<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    469000 | PA      | $474480.27    | 0.45%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIZUHO BANK LTD/NY                                     | Mizuho Bank Ltd/New York NY                                                                                           | CUSIP: 60689FYJ1<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $994334.50    | 0.94%             | 2025-11-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GOTHAM FUNDING CORP                                    | Gotham Funding Corp                                                                                                   | CUSIP: 38346LY75<br>LEI: 549300Z2ZR7VTUMRPR17 | Long             | STIV             | CORP              | US        |   1500000 | PA      | $1493441.85   | 1.41%             | 2025-11-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AON GLOBAL LTD                                         | Aon Global Ltd                                                                                                        | CUSIP: 00185AAK0<br>LEI: VVT2B79I2Z4U3R6BY589 | Long             | DBT              | CORP              | GB        |    654000 | PA      | $653144.61    | 0.62%             | 2025-12-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust                  | Mission Lane Credit Card Master Trust                                                                                 | CUSIP: 60510MAY4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100936.43    | 0.10%             | 2029-08-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TRUST NY                               | Sumitomo Mitsui Trust NY                                                                                              | CUSIP: 86563GY71<br>LEI: 5493006GGLR4BTEL8O61 | Long             | STIV             | CORP              | US        |   1600000 | PA      | $1593084.32   | 1.50%             | 2025-11-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                               | Capital One Financial Corp                                                                                            | CUSIP: 14040HBK0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    350000 | PA      | $348672.53    | 0.33%             | 2026-07-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                    | Petroleos Mexicanos                                                                                                   | CUSIP: 71654QCB6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    500000 | PA      | $506925.50    | 0.48%             | 2026-08-04      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                                | HCA Inc                                                                                                               | CUSIP: 404119BT5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250513.08    | 0.24%             | 2026-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                       | Fannie Mae Connecticut Avenue Securities                                                                              | CUSIP: 20754TAB8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      9716 | PA      | $9733.06      | 0.01%             | 2045-02-25      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                 | Canadian Imperial Bank of Commerce                                                                                    | CUSIP: 13607PHT4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   1422000 | PA      | $1426535.27   | 1.34%             | 2027-09-11      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust                  | Mission Lane Credit Card Master Trust                                                                                 | CUSIP: 60510MCA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100308.00    | 0.09%             | 2030-12-16      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                       | COLT 2023-4 Mortgage Loan Trust                                                                                       | CUSIP: 12598WAA0<br>LEI: 213800EHDFO4A3F7P416 | Long             | ABS-MBS          | CORP              | US        |    472785 | PA      | $481087.38    | 0.45%             | 2068-10-25      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                               | Long: SCGF73SC3 IRS USD R F  3.42300 BCGF73SC3_FIX CCPOIS / Short: SCGF73SC3 IRS USD P V 12MSOFR BCGF73SC3_FLO CCPOIS | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   8530000 | OU      | $8178.56      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                         | Carvana Auto Receivables Trust 2021-N4                                                                                | CUSIP: 14687HAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    104274 | PA      | $101555.48    | 0.10%             | 2028-09-11      | Fixed         | 1.72%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC               | Avis Budget Rental Car Funding AESOP LLC                                                                              | CUSIP: 05377RGL2<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $253342.65    | 0.24%             | 2027-10-20      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| SWAP CCPC CITIBANK COC                                 | SWAP CCPC CITIBANK COC                                                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    142000 | NS      | $142000.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Verus Securitization Trust                             | Verus Securitization Trust 2025-7                                                                                     | CUSIP: 924931AC2<br>LEI: 213800OVCAXDOBS94P47 | Long             | ABS-MBS          | CORP              | US        |     99058 | PA      | $99566.95     | 0.09%             | 2070-08-25      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                   | Royal Bank of Canada                                                                                                  | CUSIP: 780082AD5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    425000 | PA      | $425283.75    | 0.40%             | 2026-01-27      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| MMP Capital                                            | MMP Capital 2025-A LLC                                                                                                | CUSIP: 55317QAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     91812 | PA      | $92561.75     | 0.09%             | 2031-12-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| Wingspire Equipment Finance LLC                        | Wingspire Equipment Finance 2024-1 LLC                                                                                | CUSIP: 97415AAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     82833 | PA      | $83345.89     | 0.08%             | 2032-09-20      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| FUTURES MORGAN STANLEY COC                             | FUTURES MORGAN STANLEY COC                                                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |     50000 | NS      | $50000.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                         | Morgan Stanley                                                                                                        | CUSIP: 6174468V4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1291536.90   | 1.22%             | 2026-12-10      | Fixed         | 0.99%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                             | Affirm Asset Securitization Trust 2024-A                                                                              | CUSIP: 00834BAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $502345.05    | 0.47%             | 2029-02-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| AXIS Equipment Finance Receivables LLC                 | Amur Equipment Finance Receivables XI LLC                                                                             | CUSIP: 03236XAC1<br>LEI: 549300IFG1NMINYRYF89 | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $403438.52    | 0.38%             | 2028-10-20      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| LYB INT FINANCE III                                    | LYB International Finance III LLC                                                                                     | CUSIP: 50249AAF0<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600000.00    | 0.57%             | 2025-10-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                 | Pacific Gas and Electric Co                                                                                           | CUSIP: 694308HP5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    550000 | PA      | $546275.65    | 0.51%             | 2026-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC               | Avis Budget Rental Car Funding AESOP LLC                                                                              | CUSIP: 05377RDY7<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $497388.80    | 0.47%             | 2027-02-20      | Fixed         | 2.02%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization Trust                     | Tricolor Auto Securitization Trust 2025-1                                                                             | CUSIP: 89617CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    409960 | PA      | $302274.12    | 0.28%             | 2029-02-15      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Limited                    | Textainer Marine Containers VII Ltd                                                                                   | CUSIP: 88315LAJ7<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | BM        |    403300 | PA      | $383873.58    | 0.36%             | 2045-09-20      | Fixed         | 2.11%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                         | CFMT 2024-HB13 LLC                                                                                                    | CUSIP: 12530VAA3<br>LEI: 984500D67D63D8645054 | Long             | ABS-O            | CORP              | US        |     85819 | PA      | $84627.67     | 0.08%             | 2034-05-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                              | Boeing Co/The                                                                                                         | CUSIP: 097023DA0<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1254000 | PA      | $1246995.87   | 1.18%             | 2026-02-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                     | Union Pacific Corp                                                                                                    | CUSIP: 907818GE2<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50079.64     | 0.05%             | 2026-02-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Manhattan Asset Funding Co LLC                         | Manhattan Asset Funding Co LLC                                                                                        | CUSIP: 56274LYE8<br>LEI: 549300S0NSJYSOB32S63 | Long             | STIV             | CORP              | US        |    800000 | PA      | $795864.96    | 0.75%             | 2025-11-14      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                    | JPMorgan Chase & Co                                                                                                   | CUSIP: 46625HQW3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199290.04    | 0.19%             | 2026-04-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| MIZUHO BANK LTD/NY                                     | Mizuho Bank Ltd/New York NY                                                                                           | CUSIP: 60689FX11<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | STIV             | CORP              | US        |    600000 | PA      | $599931.96    | 0.57%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                    | Freddie Mac STACR REMIC Trust 2022-DNA2                                                                               | CUSIP: 35564KRE1<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-MBS          | USGSE             | US        |     79479 | PA      | $79491.62     | 0.07%             | 2042-02-25      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Frontier Issuer LLC                                    | Frontier Issuer LLC                                                                                                   | CUSIP: 35910EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $203206.58    | 0.19%             | 2053-08-20      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| First National Master Note Trust                       | First National Master Note Trust                                                                                      | CUSIP: 32113CCB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1145000 | PA      | $1169989.28   | 1.10%             | 2030-05-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                          | Citigroup Inc                                                                                                         | CUSIP: 172967PZ8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    500000 | PA      | $503537.92    | 0.47%             | 2028-05-07      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP                                | Australia & New Zealand Banking Group Ltd                                                                             | CUSIP: 05253AYJ3<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | STIV             | CORP              | AU        |   1200000 | PA      | $1193337.12   | 1.12%             | 2025-11-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                | Goldman Sachs Group Inc/The                                                                                           | CUSIP: 38141GZT4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    679000 | PA      | $679828.41    | 0.64%             | 2027-06-15      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                      | State Street Corp                                                                                                     | CUSIP: 857477DA8<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    554000 | PA      | $558697.89    | 0.53%             | 2028-04-24      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                           | Barclays PLC                                                                                                          | CUSIP: 06738EAP0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    700000 | PA      | $703449.78    | 0.66%             | 2026-05-12      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                           | GS Mortgage Securities Trust 2017-GS6                                                                                 | CUSIP: 36253PAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     23000 | PA      | $22659.65     | 0.02%             | 2050-05-10      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                             | Flagship Credit Auto Trust 2023-3                                                                                     | CUSIP: 33846BAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    525000 | PA      | $529706.10    | 0.50%             | 2029-07-16      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Tricon American Homes                                  | Tricon American Homes 2020-SFR1                                                                                       | CUSIP: 89613GAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $196059.24    | 0.18%             | 2038-07-17      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                        | CVS Health Corp                                                                                                       | CUSIP: 126650CU2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247733.74    | 0.23%             | 2026-06-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                         | Carvana Auto Receivables Trust 2024-N1                                                                                | CUSIP: 14687QAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $253049.00    | 0.24%             | 2030-05-10      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Auxilior Term Funding LLC                              | Auxilior Term Funding 2024-1 LLC                                                                                      | CUSIP: 05335FAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    255000 | PA      | $260222.81    | 0.25%             | 2031-07-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| Automatic Data Processing Inc                          | Automatic Data Processing Inc                                                                                         | CUSIP: 0530A2X13<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | STIV             | CORP              | US        |   1500000 | PA      | $1499829.45   | 1.41%             | 2025-10-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                  | Wells Fargo & Co                                                                                                      | CUSIP: 949746RW3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    300000 | PA      | $298297.22    | 0.28%             | 2026-04-22      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                      | HSBC Holdings PLC                                                                                                     | CUSIP: 404280EQ8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    450000 | PA      | $456586.10    | 0.43%             | 2029-03-03      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                         | Enterprise Fleet Financing 2024-4 LLC                                                                                 | CUSIP: 29374MAB4<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |     88543 | PA      | $88866.97     | 0.08%             | 2027-07-20      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                 | Philip Morris International Inc                                                                                       | CUSIP: 718172DR7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    600000 | PA      | $601248.37    | 0.57%             | 2028-04-28      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| MARS INC                                               | Mars Inc                                                                                                              | CUSIP: 571676AW5<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    500000 | PA      | $503808.72    | 0.47%             | 2027-03-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC               | Avis Budget Rental Car Funding AESOP LLC                                                                              | CUSIP: 05377RGU2<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $507556.20    | 0.48%             | 2028-02-22      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| ING (US) FUNDING LLC                                   | ING US Funding LLC                                                                                                    | CUSIP: 45685QX79<br>LEI: 254900QX5Y2ZDZ6XBT08 | Long             | STIV             | CORP              | US        |    800000 | PA      | $799362.24    | 0.75%             | 2025-10-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United Auto Credit Securitization Trust                | United Auto Credit Securitization Trust 2025-1                                                                        | CUSIP: 90945JAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    680000 | PA      | $683835.27    | 0.64%             | 2030-06-10      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH SANTA FE                               | Burlington Northern Santa Fe LLC                                                                                      | CUSIP: 12189TAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $100543.82    | 0.09%             | 2025-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                   | Verizon Master Trust                                                                                                  | CUSIP: 92348KDY6<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |     76000 | PA      | $76675.96     | 0.07%             | 2030-03-20      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                               | Ford Motor Credit Co LLC                                                                                              | CUSIP: 345397D26<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    600000 | PA      | $607898.48    | 0.57%             | 2026-06-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                                   | FirstKey Homes 2020-SFR2 Trust                                                                                        | CUSIP: 33767JAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $199026.20    | 0.19%             | 2037-10-19      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                              | Towd Point Mortgage Trust 2015-2                                                                                      | CUSIP: 89171YAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    206000 | PA      | $200985.77    | 0.19%             | 2060-11-25      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| DBS BANK LTD                                           | DBS Bank Ltd                                                                                                          | CUSIP: 23305EAN3<br>LEI: ATUEL7OJR5057F2PV266 | Long             | STIV             | CORP              | SG        |    600000 | PA      | $592430.40    | 0.56%             | 2026-01-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK INC                                   | Fifth Third Bank Inc                                                                                                  | CUSIP: 31677AAB0<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1896719.38   | 1.79%             | 2026-03-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust 2017-C39                                                                        | CUSIP: 95000XAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    475000 | PA      | $464774.63    | 0.44%             | 2050-09-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                             | AMSR 2021-SFR3 Trust                                                                                                  | CUSIP: 00180UAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $96930.88     | 0.09%             | 2038-10-17      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                               | Ford Motor Credit Co LLC                                                                                              | CUSIP: 345397C43<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    550000 | PA      | $554441.72    | 0.52%             | 2026-03-06      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                                 | UnitedHealth Group Inc                                                                                                | CUSIP: 91324PDN9<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149851.28    | 0.14%             | 2025-12-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                             | Affirm Asset Securitization Trust 2025-X1                                                                             | CUSIP: 00834MAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    125958 | PA      | $126232.52    | 0.12%             | 2030-04-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                        | CVS Health Corp                                                                                                       | CUSIP: 126650DS6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    760000 | PA      | $761167.10    | 0.72%             | 2026-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                           | Synopsys Inc                                                                                                          | CUSIP: 871607AA5<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    500000 | PA      | $503198.20    | 0.47%             | 2027-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                 | Pacific Gas and Electric Co                                                                                           | CUSIP: 694308JP3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    750000 | PA      | $747668.33    | 0.70%             | 2026-01-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Clarus Capital Funding LLC                             | Clarus Capital Funding 2024-1 LLC                                                                                     | CUSIP: 18271JAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     61125 | PA      | $61362.77     | 0.06%             | 2032-08-20      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Home Partners of America Trust                         | Home Partners of America 2021-2 Trust                                                                                 | CUSIP: 43732VAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    143924 | PA      | $139634.13    | 0.13%             | 2026-12-17      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| American Homes 4 Rent                                  | American Homes 4 Rent 2015-SFR2 Trust                                                                                 | CUSIP: 02666BAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $149675.72    | 0.14%             | 2052-10-17      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                              | Towd Point Mortgage Trust 2018-2                                                                                      | CUSIP: 89175VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    107295 | PA      | $106390.24    | 0.10%             | 2058-03-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                    | JPMorgan Chase & Co                                                                                                   | CUSIP: 46647PBT2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    450000 | PA      | $448003.31    | 0.42%             | 2026-11-19      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| CABOT TRAIL FUNDING LLC                                | Cabot Trail Funding LLC                                                                                               | CUSIP: 12710GXE5<br>LEI: 25490002FPRX2W8W9V23 | Long             | STIV             | CORP              | US        |    536000 | PA      | $535139.56    | 0.50%             | 2025-10-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                    | Southern California Edison Co                                                                                         | CUSIP: 842400GV9<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    950000 | PA      | $939112.99    | 0.88%             | 2026-02-01      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                      | NatWest Group PLC                                                                                                     | CUSIP: 639057AC2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $98131.71     | 0.09%             | 2027-06-14      | Fixed         | 1.64%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust           | American Credit Acceptance Receivables Trust 2025-2                                                                   | CUSIP: 024938AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    206936 | PA      | $207283.41    | 0.20%             | 2028-09-12      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| HPEFS Equipment Trust                                  | HPEFS Equipment Trust 2024-2                                                                                          | CUSIP: 40444MAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    370000 | PA      | $374636.84    | 0.35%             | 2031-10-20      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                          | UBS Commercial Mortgage Trust 2017-C2                                                                                 | CUSIP: 90276CAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15000 | PA      | $14763.38     | 0.01%             | 2050-08-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                | Dryden 37 Senior Loan Fund                                                                                            | CUSIP: 26249MAN7<br>LEI: 254900I0IPNA482LDS44 | Long             | ABS-CBDO         | CORP              | KY        |    309859 | PA      | $310136.35    | 0.29%             | 2031-01-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| UTAH ACQUISITION SUB                                   | Utah Acquisition Sub Inc                                                                                              | CUSIP: 62854AAN4<br>LEI: 254900JOFV74IJ7H9933 | Long             | DBT              | CORP              | US        |    600000 | PA      | $597422.93    | 0.56%             | 2026-06-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| ATLANTIC ASSET SEC LLC                                 | Atlantic Asset Securitization LLC                                                                                     | CUSIP: 04821TZ32<br>LEI: 549300BUNY5BIX4CVW20 | Long             | STIV             | CORP              | US        |    500000 | PA      | $496362.65    | 0.47%             | 2025-12-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC               | Avis Budget Rental Car Funding AESOP LLC                                                                              | CUSIP: 05377RGJ7<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $504433.55    | 0.48%             | 2027-10-20      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-29

**Name of Applicant:** Capital Group Fixed Income ETF Trust

**Signature:** Scott Lewis

**Name of Signer:** Scott Lewis

**Title:** Analyst