# EDGAR Filing Document

**Accession Number:** 0001450011
**File Stem:** 0001450011-25-000515
**Filing Date:** 2025-8
**Character Count:** 121097
**Document Hash:** a00a7de78eb2dabdc8bed1b0b83fe13e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001450011-25-000515.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001450011-25-000515

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PIMCO ETF Trust
- **CENTRAL INDEX KEY:** 0001450011

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22250
- **FILM NUMBER:** 251277500

**BUSINESS ADDRESS:**
- **STREET 1:** 650 NEWPORT CENTER DRIVE
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660
- **BUSINESS PHONE:** 949.720.6000

**MAIL ADDRESS:**
- **STREET 1:** 650 NEWPORT CENTER DRIVE
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660

## Series and Classes Contracts Data

### PIMCO Commodity Strategy Active Exchange-Traded Fund (Series ID: S000079716)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000240988 | PIMCO Commodity Strategy Active Exchange-Traded Fund | CMDT            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PIMCO ETF Trust

- **b. Investment Company Act file number:** 811-22250

- **c. CIK number of Registrant:** 0001450011

- **d. LEI of Registrant:** 5493004M9TBGFQUJ6D27

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

  - **Street Address 1:** 650 Newport Center Drive

  - **City:** Newport Beach

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92660

  - **Telephone number:** (888) 400-4383

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

- **a. Name of Series:** PIMCO Commodity Strategy Active Exchange-Traded Fund

- **b. EDGAR series identifier (if any):** S000079716

- **c. LEI of Series:** 549300FW8J0DNOBABK03

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

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $393240724.33

**Total Liabilities:** $20409619.64

**Net Assets:** $372831104.69

**Amount of Assets Invested in Other Investment Companies:** $93626492.36

**Cash Not Reported:** $11174474.85

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 37813.009800 | **1-Year:** 23652.935100 | **5-Year:** 1418.900500 | **10-Year:** 0.000000 | **30-Year:** 0.000000

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

- **3-Month:** 57.714700 | **1-Year:** 175.119900 | **5-Year:** 7.316400 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000240988 | -5.01%               | 0.12%                | 2.10%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-115655.55              | $2594521.85                                |
| Month 2  | $-6591.89                | $966366.65                                 |
| Month 3  | $1383345.28              | $2440321.44                                |

**Designated Index Information**

- **Index Name:** Bloomberg Commodity Total Return Index

- **Index Identifier:** BCOMTR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                                      | LME PRI ALUM FUTR JAN26 XLME 20260119                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        -2 | NC      | $-174.28      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITY WAREHOUSE RECEIPT                              | GOLD CMX WR FAC 8001 ASAHI RDR                             | CUSIP: 955GRP907<br>LEI: N/A                  | Long             | COMM             |  | US        |      1094 | NS      | $3591520.24   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | LEAN HOGS FUTURE  DEC25 XCME 20251212                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       217 | NC      | $148398.70    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | LME NICKEL FUTURE JUL25 XLME 20250714                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        47 | NC      | $-337218.84   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| NISSAN MOTOR CO LTD                                      | NISSAN MOTOR CO SR UNSECURED 144A 09/25 3.522              | CUSIP: 654744AB7<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    500000 | PA      | $497219.67    | 0.13%             | 2025-09-17      | Fixed         | 3.52%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | BRENT CRUDE FUTR  SEP25 IFEU 20250731                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |       127 | NC      | $-47600.27    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| FANNIE MAE REMICS 2024-100                               | FANNIE MAE FNR 2024 100 FA                                 | CUSIP: 3136BUFY1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1116538 | PA      | $1115189.98   | 0.30%             | 2054-06-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL AUTOMOBILE LEASING TRUST 2025-1             | GM FINANCIAL AUTOMOBILE LEASIN GMALT 2025 1 A2A            | CUSIP: 36271VAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3600000 | PA      | $3605361.84   | 0.97%             | 2027-05-20      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | AUST 3YR BOND FUT SEP25 XSFE 20250915                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | AU        |       101 | NC      | $13789.19     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | BOUGHT ILS SOLD USD 20250709                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $57.10        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | RFR USD SOFR/3.62000 09/02/25-4Y* LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-1314613.26  | -0.35%            |  |  |  | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE GLOBAL FUNDING                           | PROTECTIVE LIFE GLOBAL SECURED 144A 07/26 VAR              | CUSIP: 743672AG2<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |    800000 | PA      | $800971.41    | 0.21%             | 2026-07-22      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2023-H24        | GOVERNMENT NATIONAL MORTGAGE A GNR 2023 H24 FA             | CUSIP: 38383KGP1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    939423 | PA      | $946249.59    | 0.25%             | 2073-10-20      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                                   | MORGAN STANLEY BANK NA SR UNSECURED 10/27 VAR              | CUSIP: 61690U8F0<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000857.74   | 0.27%             | 2027-10-15      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-18                                | FANNIE MAE FNR 2025 18 FM                                  | CUSIP: 3136BVKH0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  10507406 | PA      | $10472690.21  | 2.81%             | 2054-09-25      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | CA CARBON ALLOW 25DEC25 IFED 20251224                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       128 | NC      | $-161002.31   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP (AKA: AMERICAN TOWER REIT INC)       | AMERICAN TOWER CORP SR UNSECURED 09/25 1.3                 | CUSIP: 03027XBB5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1291017.12   | 0.35%             | 2025-09-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| OCEAN TRAILS CLO XI 2021-11A                             | OCEAN TRAILS CLO OCTR 2021 11A AR 144A                     | CUSIP: 67514VAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1400218.41   | 0.38%             | 2034-07-20      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                                      | NATWEST MARKETS PLC SR UNSECURED REGS 09/26 VAR            | CUSIP: G6382GWU2<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $802348.88    | 0.22%             | 2026-09-29      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                             | BARCLAYS PLC SR UNSECURED 01/26 4.375                      | CUSIP: 06738EAN5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $799495.77    | 0.21%             | 2026-01-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2019-H05        | GOVERNMENT NATIONAL MORTGAGE A GNR 2019 H05 FT             | CUSIP: 38380LSX2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    136902 | PA      | $137224.51    | 0.04%             | 2069-04-20      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | LIVE CATTLE FUTR  OCT25 XCME 20251031                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       177 | NC      | $-26621.92    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | COPPER FUTURE     AUG25 XCEC 20250827                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -9 | NC      | $-14877.88    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE BANK AG/NEW YORK BRANCH                         | DEUTSCHE BANK NY 07/26 VAR                                 | CUSIP: 25160PAJ6<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   2900000 | PA      | $2901244.68   | 0.78%             | 2026-07-14      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5491                                  | FREDDIE MAC FHR 5491 FL                                    | CUSIP: 3137HJ5P8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    372437 | PA      | $373327.64    | 0.10%             | 2055-01-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| JACKSON NATIONAL LIFE GLOBAL FUNDING                     | JACKSON NATL LIFE GLOBAL SECURED 144A 01/27 4.9            | CUSIP: 46849LVC2<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |    600000 | PA      | $604512.46    | 0.16%             | 2027-01-13      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | SILVER FUTURE     DEC25 XCEC 20251229                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        32 | NC      | $-46827.91    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | BOUGHT ILS SOLD USD 20250718                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $228.66       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | NATURAL GAS FUTR  DEC25 XNYM 20251125                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       -25 | NC      | $54066.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FANNIE MAE REMICS 2025-54                                | FANNIE MAE FNR 2025 54 FM                                  | CUSIP: 3136BWNW2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $2000627.60   | 0.54%             | 2055-07-25      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INTERNATIONAL CORP (CCI)                    | CROWN CASTLE                                               | CUSIP: 22823PUN1<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3987771.20   | 1.07%             | 2025-07-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WIND RIVER CLO LTD 2016-1KRA                             | WIND RIVER CLO LTD WINDR 2016 1KRA A1R3 144A               | CUSIP: 97314DAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1690876 | PA      | $1685818.10   | 0.45%             | 2034-10-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                       | ENERGY TRANSFER LP SR UNSECURED 12/25 5.95                 | CUSIP: 86765BAS8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2885000 | PA      | $2889923.22   | 0.78%             | 2025-12-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | SOLD BRL BOUGHT USD 20251002                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $-45471.19    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | SOYBEAN FUTURE    NOV25 XCBT 20251114                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       226 | NC      | $-213459.37   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| CQS US CLO 2021-1 LTD                                    | CQS US CLO LTD CQS 2021 1A AR 144A                         | CUSIP: 12659UAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    200000 | PA      | $200072.30    | 0.05%             | 2035-01-20      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| MASTER CREDIT CARD TRUST II 2023-2A                      | MASTER CREDIT CARD TRUST MCCT 2023 2A A 144A               | CUSIP: 576339DJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | CA        |   1600000 | PA      | $1599357.28   | 0.43%             | 2027-01-21      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | SOLD ILS BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $-57.10       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2024-13         | GOVERNMENT NATIONAL MORTGAGE A GNR 2024 13 FA              | CUSIP: 38384GP87<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    698518 | PA      | $701677.11    | 0.19%             | 2054-01-20      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | CCA VINTAGE 2026  DEC26 IFED 20261224                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       444 | NC      | $-617794.41   | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | GOLD 100 OZ FUTR  JUL25 XCEC 20250729                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       -25 | NC      | $-58773.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| NORTHWOODS CAPITAL XII-B LTD 2018-12BA                   | NORTHWOODS CAPITAL LTD WOODS 2018 12BA AR 144A             | CUSIP: 66858CAN7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    936944 | PA      | $935880.29    | 0.25%             | 2031-06-15      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| CITIBANK CREDIT CARD ISSUANCE TRUST 2023-A1              | CITIBANK CREDIT CARD ISSUANCE CCCIT 2023 A1 A1             | CUSIP: 17305EGW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2006291.80   | 0.54%             | 2027-12-08      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| SHINHAN BANK CO LTD                                      | SHINHAN BANK SR UNSECURED REGS 11/25 VAR                   | CUSIP: ACI2B1WV3<br>LEI: 5493003P813VL21KG928 | Long             | DBT              | CORP              | KR        |   1500000 | PA      | $992951.21    | 0.27%             | 2025-11-16      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| TRYSAIL CLO 2022-1A LTD                                  | TRYSAIL CLO LTD TRYSL 2022 1A A 144A                       | CUSIP: 89856JAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $500212.81    | 0.13%             | 2033-10-20      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | KC HRW WHEAT FUT  SEP25 XCBT 20250912                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       157 | NC      | $-192716.67   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | LME NICKEL FUTURE JUL25 XLME 20250714                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |       -47 | NC      | $127964.87    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | SUGAR  11 (WORLD) OCT25 IFUS 20250930                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       177 | NC      | $-318200.24   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                                        | HSBC HOLDINGS PLC SR UNSECURED 08/27 VAR                   | CUSIP: 404280DZ9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $2028907.50   | 0.54%             | 2027-08-14      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| COMMODITY WAREHOUSE RECEIPT                              | GOLD CMX WR FAC 6012 MALCA RDR                             | CUSIP: 955GRPII8<br>LEI: N/A                  | Long             | COMM             |  | US        |       577 | NS      | $1894247.88   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | RFR USD SOFR/3.75000 12/18/24-5Y LCH                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-124951.52   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | LIVE CATTLE FUTR  DEC25 XCME 20251231                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        50 | NC      | $45413.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | WTI CRUDE FUTURE  SEP25 XNYM 20250820                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        65 | NC      | $-3966.01     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| M&T BANK AUTO RECEIVABLES TRUST 2024-1A                  | M+T BANK AUTO RECEIVABLES TRUS MTBAT 2024 1A A3 144A       | CUSIP: 55286TAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1113739.44   | 0.30%             | 2032-02-17      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN AB                                 | SVENSKA HANDELSBANKEN AB 144A 05/27 VAR                    | CUSIP: 86959LAR4<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |   2500000 | PA      | $2506700.98   | 0.67%             | 2027-05-28      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | BOUGHT BRL SOLD USD 20250903                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $43557.93     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| OZLM XIX LTD 2017-17A                                    | OZLM LTD OZLM 2017 17A A1RR 144A                           | CUSIP: 67111NAQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    144140 | PA      | $144253.04    | 0.04%             | 2030-07-20      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| COMMODITY WAREHOUSE RECEIPT                              | GOLD CMX WR FAC 4002 BRINKS2 RDR                           | CUSIP: 902TJS005<br>LEI: N/A                  | Long             | COMM             |  | US        |       577 | NS      | $1894247.88   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| OBX 2024-NQM5 TRUST                                      | ONSLOW BAY FINANCIAL LLC OBX 2024 NQM5 A1 144A             | CUSIP: 67448NAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1026572 | PA      | $1034099.39   | 0.28%             | 2064-01-25      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINANCIAL GROUP INC                      | SUMITOMO MITSUI FINL GRP SR UNSECURED 07/26 VAR            | CUSIP: 86562MCZ1<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   3500000 | PA      | $3534464.57   | 0.95%             | 2026-07-13      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| LCM LOAN INCOME FUND I LTD                               | LCM LOAN INCOME FUND LTD LCMLF 1A A 144A                   | CUSIP: 50189XAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    274703 | PA      | $275045.18    | 0.07%             | 2031-04-20      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| UBS AG/SYDNEY BRANCH                                     | UBS AG AUSTRALIA SR UNSECURED REGS 05/26 VAR               | CUSIP: ACI2FYK57<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |   3500000 | PA      | $2320249.31   | 0.62%             | 2026-05-12      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                      | NOMURA HOLDINGS INC SR UNSECURED 01/26 5.709               | CUSIP: 65535HBG3<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |   1500000 | PA      | $1507891.58   | 0.40%             | 2026-01-09      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | SOLD BRL BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $-242901.08   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTERNATIONAL NV                            | ENEL FINANCE INTL NV COMPANY GUAR 144A 10/25 7.05          | CUSIP: 29278GAZ1<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $1005949.61   | 0.27%             | 2025-10-14      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | SOLD EUR BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-131621.51   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | SOLD GBP BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $-8897.32     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | BOUGHT GBP SOLD USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $13768.81     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED BANK/NEW YORK BRANCH                  | STANDARD CHARTERED BK/NY SR UNSECURED 12/27 4.853          | CUSIP: 85325X2B1<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $508779.71    | 0.14%             | 2027-12-03      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | SOLD BRL BOUGHT USD 20251002                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $-6680.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                              | PACIFIC GAS + ELECTRIC 1ST MORTGAGE 01/26 3.15             | CUSIP: 694308JP3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   5530000 | PA      | $5477813.56   | 1.47%             | 2026-01-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| TRILLIUM CREDIT CARD TRUST II 2023-3A                    | TRILLIUM CREDIT CARD TRUST II TCCT 2023 3A A 144A          | CUSIP: 89621ABT5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | CA        |   2000000 | PA      | $2001501.20   | 0.54%             | 2028-08-26      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TRUST BANK LIMITED                       | SUMITOMO MITSUI TR BK LT SR UNSECURED 144A 09/26 VAR       | CUSIP: 86563VBL2<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    300000 | PA      | $302378.53    | 0.08%             | 2026-09-14      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| ATCLO-2021-17A                                           | ATLAS SENIOR LOAN FUND LTD ATCLO 2021 17A AR 144A          | CUSIP: 04942FAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1599893.76   | 0.43%             | 2034-10-20      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| CANYON CAPITAL CLO 2019-2 LTD                            | CANYON CAPITAL CLO LTD CANYC 2019 2A AR2 144A              | CUSIP: 13887WAS9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1401615.46   | 0.38%             | 2034-10-15      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| SILVER ROCK CLO II LTD 2021-2A                           | SILVER ROCK CLO LTD SLVRK 2021 2A AR 144A                  | CUSIP: 82812LAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1996338.68   | 0.54%             | 2035-01-20      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| THE BANK OF NOVA SCOTIA                                  | BANK OF NOVA SCOTIA COVERED 10/25 VAR                      | CUSIP: ACI29DC34<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   2900000 | PA      | $1911613.06   | 0.51%             | 2025-10-27      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                       | TREASURY BILL 08/25 0.00000                                | CUSIP: 912797QK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    297000 | PA      | $295258.69    | 0.08%             | 2025-08-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COMMODITY WAREHOUSE RECEIPT                              | GOLD CMX WR FAC 3002 MTB RDR                               | CUSIP: 902LHM908<br>LEI: N/A                  | Long             | COMM             |  | US        |      1556 | NS      | $5108231.71   | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | COFFEE 'C' FUTURE DEC25 IFUS 20251218                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       147 | NC      | $-3146210.66  | -0.84%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | NY HARB ULSD FUT  SEP25 XNYM 20250829                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        43 | NC      | $88620.23     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES GOVT                                       | TREASURY BILL 10/25 0.00000                                | CUSIP: 912797RD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    540000 | PA      | $532953.66    | 0.14%             | 2025-10-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA/NEW YORK BRANCH                 | COOPERAT RABOBANK UA/NY 08/26 VAR                          | CUSIP: 21688ABG6<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   1300000 | PA      | $1303481.06   | 0.35%             | 2026-08-28      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | SGX IRON ORE 62   SEP25 XSIM 20250930                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | SG        |       918 | NC      | $-62702.02    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| PARALLEL 2021-1 LTD                                      | PARALLEL LTD PARL 2021 1A AR 144A                          | CUSIP: 69916HAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1397749.91   | 0.37%             | 2034-07-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| MIZUHO BANK LTD/ SYDNEY BRANCH                           | MIZUHO BANK LTD/SYDNEY CERT OF DEPO 09/26 VAR              | CUSIP: ACI2JNV22<br>LEI: 254900O5B06Y1EPP2H33 | Long             | DBT              | CORP              | JP        |    300000 | PA      | $198347.38    | 0.05%             | 2026-09-14      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | SOLD EUR BOUGHT USD 20250804                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-3127.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | SOLD BRL BOUGHT USD 20251002                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $-5011.15     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                     | ROYAL BANK OF CANADA SR UNSECURED 01/27 VAR                | CUSIP: 78016EYZ4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    800000 | PA      | $802543.91    | 0.22%             | 2027-01-21      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| TRINITAS CLO XIX LTD                                     | TRINITAS CLO LTD TRNTS 2022 19A A1R 144A                   | CUSIP: 89642FAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |    300000 | PA      | $300160.59    | 0.08%             | 2033-10-20      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| ATLANTIC AVENUE 2024-3A LTD                              | ATLANTIC AVENUE LTD MCCP 2024 3A A 144A                    | CUSIP: 04822JAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1199598.66   | 0.32%             | 2035-01-20      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | BOUGHT MXN SOLD USD 20250917                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |         1 | NC      | $1306.21      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                  | GOLDMAN SACHS GROUP INC SR UNSECURED 09/27 VAR             | CUSIP: 38141GYG3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3862945.64   | 1.04%             | 2027-09-10      | Floating      | 1.54%                 | No            |                  2 | On Loan: No      |
| BANK OF TOKYO-MITSUBISHI UFJ LTD/SYDNEY BRANCH           | MUFG BANK LTD SYDNEY CERT OF DEPO 02/26 VAR                | CUSIP: ACI2CXPL2<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | DBT              | CORP              | JP        |   2000000 | PA      | $1320604.71   | 0.35%             | 2026-02-17      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | LME NICKEL FUTURE NOV25 XLME 20251117                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        70 | NC      | $-311857.68   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | SOLD BRL BOUGHT USD 20251002                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $-38181.24    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                        | HSBC HOLDINGS PLC SR UNSECURED 09/26 VAR                   | CUSIP: 404280BX6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   3000000 | PA      | $2997135.39   | 0.80%             | 2026-09-12      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| DBS GROUP HOLDINGS LTD                                   | DBS GROUP HOLDINGS LTD SR UNSECURED 144A 09/25 VAR         | CUSIP: 24023KAK4<br>LEI: 5493007FKT78NKPM5V55 | Long             | DBT              | CORP              | SG        |   1000000 | PA      | $1000383.71   | 0.27%             | 2025-09-12      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | 317U8CLA3 PIMCO SWAPTION 3.6 CALL USD 20250812             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        | 111400000 | NC      | $71786.16     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HARLEY-DAVIDSON INC                                      | HARLEY DAVIDSON INC SR UNSECURED 07/25 3.5                 | CUSIP: 412822AD0<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2496482.10   | 0.67%             | 2025-07-28      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-24                                | FANNIE MAE FNR 2025 24 FA                                  | CUSIP: 3136BVRT7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1633846 | PA      | $1631759.69   | 0.44%             | 2055-04-25      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | KC HRW WHEAT FUT  DEC25 XCBT 20251212                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        17 | NC      | $-67711.57    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | SOLD BRL BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $-541.47      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP LLC                               | AVIATION CAPITAL GROUP SR UNSECURED 144A 10/25 4.875       | CUSIP: 05367AAH6<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   2553000 | PA      | $2551881.35   | 0.68%             | 2025-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | GOLD 100 OZ FUTR  DEC25 XCEC 20251229                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       189 | NC      | $-309627.65   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | CORN FUTURE       DEC26 XCBT 20261214                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       -39 | NC      | $-6506.76     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| PACIFIC LIFE GLOBAL FUNDING II                           | PACIFIC LIFE GF II SECURED 144A 02/27 VAR                  | CUSIP: 6944PL3G2<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2000796.10   | 0.54%             | 2027-02-04      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | BOUGHT CAD SOLD USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |         1 | NC      | $1908.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | BRENT CRUDE FUTR  DEC25 IFEU 20251031                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |       122 | NC      | $31850.57     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | SOLD BRL BOUGHT USD 20251002                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $-20368.23    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | NATURAL GAS FUTR  NOV25 XNYM 20251029                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       106 | NC      | $-284628.29   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITY WAREHOUSE RECEIPT                              | GOLD CMX WR FAC 2001 JPM RDR                               | CUSIP: 942WEW907<br>LEI: N/A                  | Long             | COMM             |  | US        |      3615 | NS      | $11867774.82  | 3.18%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | NATURAL GAS FUTR  AUG25 XNYM 20250729                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       313 | NC      | $-1571132.96  | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| DBS GROUP HOLDINGS LTD                                   | DBS GROUP HOLDINGS LTD SR UNSECURED 144A 03/28 VAR         | CUSIP: 24023KAM0<br>LEI: 5493007FKT78NKPM5V55 | Long             | DBT              | CORP              | SG        |   1400000 | PA      | $1402985.02   | 0.38%             | 2028-03-21      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                  | BPCE SA REGS 09/25 5.2018                                  | CUSIP: ACI28Q7K4<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   2100000 | PA      | $1385045.51   | 0.37%             | 2025-09-29      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST 2024-1                           | CARMAX AUTO OWNER TRUST CARMX 2024 1 A2A                   | CUSIP: 14318WAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    473316 | PA      | $473918.85    | 0.13%             | 2027-03-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | LME NICKEL FUTURE NOV25 XLME 20251117                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |       -70 | NC      | $-89636.09    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| MIZUHO BANK LTD/ SYDNEY BRANCH                           | MIZUHO BANK LTD/SYDNEY CERT OF DEPO 02/26 VAR              | CUSIP: ACI2DBH61<br>LEI: 254900O5B06Y1EPP2H33 | Long             | DBT              | CORP              | JP        |   2000000 | PA      | $1320157.17   | 0.35%             | 2026-02-23      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | LME PRI ALUM FUTR JUL25 XLME 20250714                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |      -261 | NC      | $338748.96    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MIZUHO BANK LTD/ SYDNEY BRANCH                           | MIZUHO BANK LTD/SYDNEY CERT OF DEPO 08/25 VAR              | CUSIP: ACI2827D3<br>LEI: 254900O5B06Y1EPP2H33 | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $658531.83    | 0.18%             | 2025-08-22      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | SILVER FUTURE     SEP25 XCEC 20250926                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       121 | NC      | $1543272.21   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | US ULTRA BOND CBT SEP25 XCBT 20250919                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |       -63 | NC      | $-253750.87   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | LME COPPER FUTURE AUG25 XLME 20250818                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        25 | NC      | $69931.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | US 10YR ULTRA FUT SEP25 XCBT 20250919                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |        -9 | NC      | $-24642.78    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | NATURAL GAS FUTR  JAN26 XNYM 20251229                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        15 | NC      | $-21953.85    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | SOLD EUR BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-1410.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                         | BERRY GLOBAL INC SR SECURED 144A 07/26 4.875               | CUSIP: 085770AA3<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    466000 | PA      | $465799.29    | 0.12%             | 2026-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | LME PRI ALUM FUTR NOV25 XLME 20251117                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        51 | NC      | $90945.75     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | SOLD EUR BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-14936.01    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ISRAEL GOVT                                              | ISRAEL FIXED BOND BONDS 08/25 1.75                         | CUSIP: ACI0DVTJ0<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |  10700000 | PA      | $3210222.37   | 0.86%             | 2025-08-31      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                    | ATHENE GLOBAL FUNDING SECURED 144A 08/26 VAR               | CUSIP: 04685A4B4<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2309522.81   | 0.62%             | 2026-08-27      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | SOLD ILS BOUGHT USD 20250902                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $-253776.04   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | BOUGHT BRL SOLD USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $265193.81    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | COTTON NO.2 FUTR  DEC25 IFUS 20251208                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       165 | NC      | $23125.05     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | LME ZINC FUTURE   NOV25 XLME 20251117                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |       -47 | NC      | $-170780.21   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | SOLD MXN BOUGHT USD 20250917                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |         1 | NC      | $-0.98        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CARLYLE GLOBAL MARKET STRATEGIES CLO LTD 2016-3A         | CARLYLE GLOBAL MARKET STRATEGI CGMS 2016 3A ARRR           | CUSIP: 14311UBA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    900000 | PA      | $901037.90    | 0.24%             | 2034-07-20      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                            | CITIGROUP INC SR UNSECURED 07/26 VAR                       | CUSIP: 172967MB4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2700000.00   | 0.72%             | 2026-07-01      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC 5557                                         | FREDDIE MAC FHR 5557 FM                                    | CUSIP: 3137HLZ21<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3200000 | PA      | $3201004.16   | 0.86%             | 2055-07-25      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | CARBON EMISSIONS FUTURES NDEX 20251215                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | NL        |        75 | NC      | $-521833.68   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | LME PRI ALUM FUTR JAN26 XLME 20260119                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |       134 | NC      | $47262.24     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO SANTANDER SA                                       | BANCO SANTANDER SA 07/28 VAR                               | CUSIP: 05964HBE4<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   2000000 | PA      | $2006028.74   | 0.54%             | 2028-07-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE II LLC                                  | BAYER US FINANCE II LLC COMPANY GUAR 144A 12/25 4.25       | CUSIP: 07274NAJ2<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |   4400000 | PA      | $4388150.10   | 1.18%             | 2025-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL AUTOMOBILE LEASING TRUST 2025-2             | GM FINANCIAL AUTOMOBILE LEASIN GMALT 2025 2 A2A            | CUSIP: 362962AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1400000 | PA      | $1403928.40   | 0.38%             | 2027-07-20      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | US 5YR NOTE (CBT) SEP25 XCBT 20250930                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |      1375 | NC      | $1673104.49   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-10                                | FANNIE MAE FNR 2025 10 AF                                  | CUSIP: 3136BUTA8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1609747 | PA      | $1610101.70   | 0.43%             | 2055-02-25      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | BOUGHT GBP SOLD USD 20250804                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $8908.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KRATON CORP (AKA: KRATON PERFORMANCE POLYMERS INC)       | KRATON CORP KRATON CORP                                    | CUSIP: 50077CAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3038955.06   | 0.82%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5480                                  | FREDDIE MAC FHR 5480 FG                                    | CUSIP: 3137HHUD1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1080419 | PA      | $1078991.69   | 0.29%             | 2054-12-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5534                                  | FREDDIE MAC FHR 5534 FM                                    | CUSIP: 3137HLEP3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1949293 | PA      | $1949179.86   | 0.52%             | 2055-05-25      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATIONAL INFORMATION SERVICES INC               | FIDELITY NATL INFO SERV COMPANY GUAR 07/25 4.5             | CUSIP: 31620MBV7<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999977.68    | 0.27%             | 2025-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CARVAL CLO LTD 2018-1A                                   | CARVAL CLO LTD CARVL 2018 1A AR 144A                       | CUSIP: 146865AJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    892402 | PA      | $893740.53    | 0.24%             | 2031-07-16      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                    | ATHENE GLOBAL FUNDING SECURED 144A 07/26 VAR               | CUSIP: 04685A4J7<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2003005.56   | 0.54%             | 2026-07-16      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                       | BMW US CAPITAL LLC BMW US CAPITAL LLC                      | CUSIP: 05565ECN3<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1506022.64   | 0.40%             | 2026-08-13      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | SOLD BRL BOUGHT USD 20251002                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $-33210.55    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | CORN FUTURE       DEC25 XCBT 20251212                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        39 | NC      | $8266.05      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | LME COPPER FUTURE JUL25 XLME 20250714                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        52 | NC      | $611334.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | SOLD AUD BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |         1 | NC      | $-325992.98   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | SOLD EUR BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-4630.05     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | SOYBEAN MEAL FUTR DEC25 XCBT 20251212                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       317 | NC      | $-506252.00   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITY WAREHOUSE RECEIPT                              | SILVER CMX WR FAC 5001 HSBC RDR                            | CUSIP: 954MDZ908<br>LEI: N/A                  | Long             | COMM             |  | US        |    244250 | NS      | $8726350.04   | 2.34%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | BOUGHT EUR SOLD USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $2736.27      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | LME ZINC FUTURE   JUL25 XLME 20250714                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |       121 | NC      | $-912334.00   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | LME COPPER FUTURE JUL25 XLME 20250714                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |       -34 | NC      | $-270788.04   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| FANNIE MAE REMICS 2025-16                                | FANNIE MAE FNR 2025 16 FN                                  | CUSIP: 3136BU6A3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1614242 | PA      | $1615920.81   | 0.43%             | 2055-01-25      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION | NATIONAL RURAL UTIL COOP SR UNSECURED 11/26 VAR            | CUSIP: 63743HFY3<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1501289.60   | 0.40%             | 2026-11-22      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | SOLD BRL BOUGHT USD 20251002                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $-56763.72    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| ING GROEP NV                                             | ING GROEP NV SR UNSECURED 144A 07/26 VAR                   | CUSIP: 456837AU7<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $1000000.00   | 0.27%             | 2026-07-01      | Floating      | 1.40%                 | No            |                  2 | On Loan: No      |
| UBS AG/SYDNEY BRANCH                                     | UBS AG AUSTRALIA SR UNSECURED REGS 02/26 VAR               | CUSIP: ACI1W1TV6<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |    700000 | PA      | $460958.53    | 0.12%             | 2026-02-26      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| ALBACORE EURO CLO IV DAC 4A                              | ALBACORE EURO CLO ALBAC 4A AR 144A                         | CUSIP: ACI2Q3N92<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |   1000000 | PA      | $1179534.64   | 0.32%             | 2035-07-15      | Floating      | 3.27%                 | No            |                  2 | On Loan: No      |
| CITIZENS AUTO RECEIVABLES TRUST 2023-1                   | CITIZENS AUTO RECEIVABLES TRUS CITZN 2023 1 A3 144A        | CUSIP: 17331KAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1486270 | PA      | $1495986.53   | 0.40%             | 2028-01-18      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP OF AMERICA FINANCE LLC                  | VOLKSWAGEN GROUP AMERICA COMPANY GUAR 144A 03/26 VAR       | CUSIP: 928668CD2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1300303.51   | 0.35%             | 2026-03-20      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | US 2YR NOTE (CBT) SEP25 XCBT 20250930                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |      -615 | NC      | $-482856.88   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5560                                  | FREDDIE MAC FHR 5560 FB                                    | CUSIP: 3137HLZD7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3000000 | PA      | $3003750.00   | 0.81%             | 2055-06-25      | Floating      | 5.31%                 | No            |                  3 | On Loan: No      |
| N/A                                                      | NAT GAS EURO OPT  AUG25P 3.5 EXP 07/28/2025                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       -39 | NC      | $-97266.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | SOLD BRL BOUGHT USD 20251002                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $-24256.88    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA (EDF)                           | ELECTRICITE DE FRANCE SA SR UNSECURED 144A 10/25 3.625     | CUSIP: 268317AS3<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |   1700000 | PA      | $1693270.38   | 0.45%             | 2025-10-13      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | SOLD BRL BOUGHT USD 20251002                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $-59462.35    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2024-H20        | GOVERNMENT NATIONAL MORTGAGE A GNR 2024 H20 JF             | CUSIP: 38383K2U5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    973742 | PA      | $971114.05    | 0.26%             | 2074-11-20      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2025-98         | GOVERNMENT NATIONAL MORTGAGE A GNR 2025 98 GF              | CUSIP: 38381NNT1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  10800000 | PA      | $10806759.72  | 2.90%             | 2055-06-20      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE CORPORATION                      | NISSAN MOTOR ACCEPTANCE SR UNSECURED 144A 09/26 1.85       | CUSIP: 65480CAC9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1431598.68   | 0.38%             | 2026-09-16      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | SOYBEAN OIL FUTR  JAN26 XCBT 20260114                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       102 | NC      | $25675.07     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BERRY GLOBAL INC                                         | BERRY GLOBAL INC SR SECURED 01/26 1.57                     | CUSIP: 08576PAH4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3928999.20   | 1.05%             | 2026-01-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | LME ZINC FUTURE   NOV25 XLME 20251117                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        47 | NC      | $88782.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | SOLD BRL BOUGHT USD 20251002                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $-6123.08     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ARES XXVII CLO LTD 2013-2A                               | ARES CLO LTD ARES 2013 2A AR3 144A                         | CUSIP: 00190YBP9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1201362.24   | 0.32%             | 2034-10-28      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORPORATION                                    | AIR LEASE CORP DISC COML PAPER 07/25 ZCP                   | CUSIP: 00913WUJ2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   3700000 | PA      | $3691151.82   | 0.99%             | 2025-07-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | 3 MONTH SOFR FUT  MAR26 XCME 20260616                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |       540 | NC      | $332456.58    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | WTI CRUDE FUTURE  DEC25 IFEU 20251119                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        41 | NC      | $-335520.09   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON MASTER TRUST 23-5                                | VERIZON MASTER TRUST VZMT 2023 5 A1B                       | CUSIP: 92348KCA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2003169.60   | 0.54%             | 2028-09-08      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| JAMESTOWN CLO XVI LTD 2021-16A                           | JAMESTOWN CLO LTD JTWN 2021 16A AR 144A                    | CUSIP: 47048RAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $598276.48    | 0.16%             | 2034-07-25      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5495                                  | FREDDIE MAC FHR 5495 AF                                    | CUSIP: 3137HJ2H9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1314688 | PA      | $1314961.95   | 0.35%             | 2055-01-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| ALLEGRO CLO XI LTD 2019-2A                               | ALLEGRO CLO LTD ALLEG 2019 2A A1AR 144A                    | CUSIP: 01750HAQ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000887.43   | 0.27%             | 2033-01-19      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| COMMODITY WAREHOUSE RECEIPT                              | GOLD CMX WR FAC 4001(BRINKS) RDR                           | CUSIP: 942WEX905<br>LEI: N/A                  | Long             | COMM             |  | US        |     10068 | NS      | $33052491.53  | 8.87%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                            | CITIGROUP INC SR UNSECURED 01/27 VAR                       | CUSIP: 17327CAM5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2451009.58   | 0.66%             | 2027-01-28      | Floating      | 1.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | COPPER FUTURE     SEP25 XCEC 20250926                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       -37 | NC      | $-139200.06   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| 522 FUNDING CLO 2020-6 LTD                               | 522 FUNDING CLO LTD MORGN 2020 6A A1R2 144A                | CUSIP: 33835AAY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1200504.94   | 0.32%             | 2034-10-23      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | LME NICKEL FUTURE SEP25 XLME 20250915                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |       -81 | NC      | $-360398.13   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| FREDDIE MAC REMICS 5532                                  | FREDDIE MAC FHR 5532 FA                                    | CUSIP: 3137HKPJ7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2862573 | PA      | $2857040.07   | 0.77%             | 2055-04-25      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TRUST BANK LIMITED                       | SUMITOMO MITSUI TR BK LT SR UNSECURED REGS 09/26 VAR       | CUSIP: J7771YSN8<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    600000 | PA      | $604757.06    | 0.16%             | 2026-09-14      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | BOUGHT GBP SOLD USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $11076.51     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ROLLS-ROYCE PLC                                          | ROLLS ROYCE PLC COMPANY GUAR 144A 10/25 3.625              | CUSIP: 77578JAB4<br>LEI: X57JK1U580XATGR67572 | Long             | DBT              | CORP              | GB        |   1526000 | PA      | $1523959.59   | 0.41%             | 2025-10-14      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                      | NOMURA HOLDINGS INC SR UNSECURED 07/25 5.099               | CUSIP: 65535HBE8<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    300000 | PA      | $300006.20    | 0.08%             | 2025-07-03      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| JAMESTOWN CLO 2022 XVIIIA LTD                            | JAMESTOWN CLO LTD JTWN 2022 18A AR 144A                    | CUSIP: 47047RAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $400606.26    | 0.11%             | 2035-07-25      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| COMMODITY WAREHOUSE RECEIPT                              | PLATINUM CMX WR FAC 8888 NYMEX RDR                         | CUSIP: 955GRNII3<br>LEI: N/A                  | Long             | COMM             |  | US        |      4921 | NS      | $6541748.77   | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| MMAF EQUIPMENT FINANCE LLC 2023-A                        | MMAF EQUIPMENT FINANCE LLC MMAF 2023 A A2 144A             | CUSIP: 55317WAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    267884 | PA      | $268689.23    | 0.07%             | 2026-11-13      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2024-103                               | FANNIE MAE FNR 2024 103 FJ                                 | CUSIP: 3136BUPN4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    842295 | PA      | $844322.87    | 0.23%             | 2055-01-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV                                         | ABN AMRO BANK NV REGS 12/28 VAR                            | CUSIP: 00084EAJ7<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |    700000 | PA      | $699900.17    | 0.19%             | 2028-12-03      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | SOLD CAD BOUGHT USD 20250805                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |         1 | NC      | $-1914.57     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | SOLD BRL BOUGHT USD 20251002                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $-63691.13    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | 317U8CKA4 PIMCO SWAPTION 4.6 PUT USD 20250812              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        | 111400000 | NC      | $89.12        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | WHEAT FUTURE(CBT) DEC25 XCBT 20251212                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -6 | NC      | $14928.72     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| REGATTA XVI FUNDING LTD 2019-2A                          | REGATTA XVI FUNDING LTD. REG16 2019 2A A1R 144A            | CUSIP: 75888TAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1460364 | PA      | $1460756.53   | 0.39%             | 2033-01-15      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                              | BNP PARIBAS 144A 01/27 VAR                                 | CUSIP: 09659W2N3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    600000 | PA      | $589623.43    | 0.16%             | 2027-01-13      | Floating      | 1.32%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                  | HYUNDAI CAPITAL AMERICA SR UNSECURED 144A 11/25 VAR        | CUSIP: 44891ACS4<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    197000 | PA      | $197599.31    | 0.05%             | 2025-11-03      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | SOLD EUR BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-3627.03     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA (AKA: RABOBANK NEDERLAND)       | COOPERATIEVE RABOBANK UA SR UNSECURED 144A 12/27 VAR       | CUSIP: 74977RDL5<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   1500000 | PA      | $1447159.40   | 0.39%             | 2027-12-15      | Floating      | 1.98%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                             | ING GROEP NV SR UNSECURED 04/27 VAR                        | CUSIP: 456837AX1<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $501412.60    | 0.13%             | 2027-04-01      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| ISRAEL GOVT                                              | STATE OF ISRAEL SR UNSECURED 02/30 5.375                   | CUSIP: 46514Y8A8<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |   4300000 | PA      | $4387412.51   | 1.18%             | 2030-02-19      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | LME PRI ALUM FUTR SEP25 XLME 20250915                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |       379 | NC      | $-273350.41   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | PLATINUM FUTURE   JUL25 XNYM 20250729                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       -98 | NC      | $-1683510.71  | -0.45%            |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST 2023-3      | AMERICAN EXPRESS CREDIT ACCOUN AMXCA 2023 3 A              | CUSIP: 02582JKD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2023412.00   | 0.54%             | 2028-09-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | BOUGHT AUD SOLD USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |         1 | NC      | $102242.98    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | WTI CRUDE FUTURE  SEP25 IFEU 20250819                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |       -89 | NC      | $-65744.73    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | REPO TORONTO DOMINION GRAND CAYMAN                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               |  | KY        |   4900000 | PA      | $4900000.00   | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | NAT GAS EURO OPT  AUG25C 5 EXP 07/28/2025                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        41 | NC      | $4428.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HONDA AUTO RECEIVABLES OWNER TRUST 2023-4                | HONDA AUTO RECEIVABLES OWNER T HAROT 2023 4 A2             | CUSIP: 438123AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    134025 | PA      | $134145.93    | 0.04%             | 2026-06-22      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| USAA AUTO OWNER TRUST 2024-A                             | USAA AUTO OWNER TRUST USAOT 2024 A A2 144A                 | CUSIP: 90327VAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    485578 | PA      | $486325.07    | 0.13%             | 2027-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INTERNATIONAL CORP (CCI)                    | CROWN CASTLE INC SR UNSECURED 02/26 4.45                   | CUSIP: 22822VAB7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499459.55    | 0.13%             | 2026-02-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                   | STANDARD CHARTERED PLC STANDARD CHARTERED PLC              | CUSIP: 853254DD9<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1004254.35   | 0.27%             | 2028-05-14      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | BRENT CRUDE FUTR  MAR26 IFEU 20260130                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |       360 | NC      | $-623338.62   | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | LME PRI ALUM FUTR SEP25 XLME 20250915                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |      -299 | NC      | $-1238326.04  | -0.33%            |  |  |  | No            |                  1 | On Loan: No      |
| LCM 36 LTD                                               | LCM LTD PARTNERSHIP LCM 36A A1R 144A                       | CUSIP: 50190LAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1594647.50   | 0.43%             | 2034-01-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | BOUGHT ILS SOLD USD 20250718                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $1595.80      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MADISON PARK FUNDING XLVI LTD 2020-46A                   | MADISON PARK FUNDING LTD MDPK 2020 46A ARR 144A            | CUSIP: 55822AAW7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1401615.43   | 0.38%             | 2034-10-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| BAIN CAPITAL CREDIT CLO 2020-2 LTD                       | BAIN CAPITAL CREDIT CLO, LIMIT BCC 2020 2A ARR 144A        | CUSIP: 05683EAW2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1202913.25   | 0.32%             | 2034-07-19      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | LME ZINC FUTURE   SEP25 XLME 20250915                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |       -90 | NC      | $-201886.20   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | GOLD 100 OZ FUTR  AUG25 XCEC 20250827                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |      -166 | NC      | $917750.80    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                                        | HSBC HOLDINGS PLC SR UNSECURED 08/27 VAR                   | CUSIP: 404280DY2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $504587.57    | 0.14%             | 2027-08-14      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5428                                  | FREDDIE MAC FHR 5428 CF                                    | CUSIP: 3137HDKQ2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1399790 | PA      | $1399780.15   | 0.38%             | 2054-07-25      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                  | HCA INC COMPANY GUAR 02/26 5.875                           | CUSIP: 404119BS7<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3003346.17   | 0.81%             | 2026-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | NY HARB ULSD FUT  DEC25 XNYM 20251128                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       208 | NC      | $485731.30    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | LME PRI ALUM FUTR NOV25 XLME 20251117                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |       -51 | NC      | $-274542.18   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | GASOLINE RBOB FUT SEP25 XNYM 20250829                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        36 | NC      | $-100302.63   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| ILLUMINA INC                                             | ILLUMINA INC SR UNSECURED 12/25 5.8                        | CUSIP: 452327AN9<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1004374.97   | 0.27%             | 2025-12-12      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | SOLD BRL BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $-44141.90    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE CORPORATION                      | NISSAN MOTOR ACCEPTANCE SR UNSECURED 144A 03/26 2          | CUSIP: 654740BS7<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    273000 | PA      | $266342.25    | 0.07%             | 2026-03-09      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                               | US BANCORP SR UNSECURED 10/26 VAR                          | CUSIP: 91159HJH4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1906482.52   | 0.51%             | 2026-10-21      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| BRAZIL GOVT                                              | LETRA TESOURO NACIONAL BILLS 10/25 0.00000                 | CUSIP: ACI2HDVK6<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   8600000 | PA      | $1526814.87   | 0.41%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | BOUGHT EUR SOLD USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $2294.68      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | SOLD GBP BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $-17141.15    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWEDBANK AB                                              | SWEDBANK AB REGS 09/27 5.337                               | CUSIP: ACI286S09<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |   2500000 | PA      | $2551418.73   | 0.68%             | 2027-09-20      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | GASOLINE RBOB FUT DEC25 XNYM 20251128                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       248 | NC      | $602323.21    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS AG/SYDNEY BRANCH                                     | UBS AG AUSTRALIA SR UNSECURED REGS 07/25 1.2               | CUSIP: ACI1PHCZ8<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |   1000000 | PA      | $656727.51    | 0.18%             | 2025-07-30      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                            | FORD MOTOR CREDIT CO LLC SR UNSECURED 11/25 3.375          | CUSIP: 345397B28<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1986870.62   | 0.53%             | 2025-11-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5517                                  | FREDDIE MAC FHR 5517 VF                                    | CUSIP: 3137HKP40<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2646126 | PA      | $2649034.53   | 0.71%             | 2055-03-25      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | LOW SU GASOIL G   DEC25 IFEU 20251211                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |       155 | NC      | $172908.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LIMITED                       | CANADIAN NATURAL RESOU 08/25 ZCP                           | CUSIP: 13638WV66<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |   3700000 | PA      | $3681929.20   | 0.99%             | 2025-08-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | RFR GBP SONIO/3.50000 03/19/25-5Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |         1 | NC      | $-159014.32   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | NAT GAS EURO OPT  AUG25P 3.4 EXP 07/28/2025                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       -41 | NC      | $-80032.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| ING BANK (AUSTRALIA) LTD                                 | ING BANK (AUSTRALIA) LTD COVERED 12/25 VAR                 | CUSIP: ACI2BHL57<br>LEI: 70UN1RCXO6LO7KWNC831 | Long             | DBT              | CORP              | AU        |   1200000 | PA      | $792062.71    | 0.21%             | 2025-12-08      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | LME NICKEL FUTURE JAN26 XLME 20260119                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        -3 | NC      | $-1993.02     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MOUNTAIN VIEW CLO XVI LTD 2022-1A                        | MOUNTAIN VIEW CLO MVEW 2022 1A A1R 144A                    | CUSIP: 62432UAN1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001500.00   | 0.27%             | 2034-04-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | LME ZINC FUTURE   JUL25 XLME 20250714                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |      -121 | NC      | $546011.81    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE BANK AG/NEW YORK BRANCH                         | DEUTSCHE BANK NY 11/26 VAR                                 | CUSIP: 251526CE7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1200000 | PA      | $1187961.01   | 0.32%             | 2026-11-24      | Floating      | 2.13%                 | Yes           |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS COMPANY                                | KRAFT HEINZ FOODS CO COMPANY GUAR 06/26 3                  | CUSIP: 50077LAD8<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3948691.24   | 1.06%             | 2026-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | 3 MONTH SOFR FUT  JUN25 XCME 20250916                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |       343 | NC      | $-22836.70    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                  | NATIONAL BANK OF CANADA COMPANY GUAR 03/27 VAR             | CUSIP: 63307A2Y0<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   1708000 | PA      | $1709892.48   | 0.46%             | 2027-03-25      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | LME NICKEL FUTURE JAN26 XLME 20260119                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        44 | NC      | $8224.10      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMMC CLO 24 LTD                                          | AMERICAN MONEY MANAGEMENT CORP AMMC 2021 24A AR 144A       | CUSIP: 00177LAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $800291.93    | 0.21%             | 2035-01-20      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | SOLD AUD BOUGHT USD 20250805                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |         1 | NC      | $-102501.51   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                             | UBS GROUP AG SR UNSECURED 144A 02/27 VAR                   | CUSIP: 225401AT5<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1000000 | PA      | $981237.95    | 0.26%             | 2027-02-02      | Floating      | 1.30%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN LIFE GLOBAL FUNDING I                       | MET LIFE GLOB FUNDING I SECURED REGS 12/25 VAR             | CUSIP: ACI1T2VF0<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $3291738.24   | 0.88%             | 2025-12-01      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| CUMULUS STATIC CLO 2024-1 DAC 24-1A                      | CUMULUS STATIC CLO CMLST 2024 1A A 144A                    | CUSIP: ACI2NK2H2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    614087 | PA      | $725198.30    | 0.19%             | 2033-11-15      | Floating      | 3.34%                 | No            |                  2 | On Loan: No      |
| PIMCO FUNDS                                              | PIMCO ENHANCED SHORT MATURITY PIMCO ENHANCED SHORT MATURIT | CUSIP: 72201R833<br>LEI: VOYE9Z80GB9431LFS645 | Long             | EC               | RF                | US        |     70751 | NS      | $7112951.79   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| FREDDIE MAC REMICS 5498                                  | FREDDIE MAC FHR 5498 FC                                    | CUSIP: 3137HHWA5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1309675 | PA      | $1311656.78   | 0.35%             | 2055-01-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORPORATION                          | TOYOTA MOTOR CREDIT CORP TOYOTA MOTOR CREDIT CORP          | CUSIP: 89236TML6<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2008987.78   | 0.54%             | 2026-08-07      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | LME PRI ALUM FUTR JUL25 XLME 20250714                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |       261 | NC      | $98262.75     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PALMER SQUARE EUROPEAN LOAN FUNDING 2025-1 DAC 25-1A     | PALMER SQUARE EUROPEAN LOAN FU PSTET 2025 1A A 144A        | CUSIP: ACI2TS750<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |   1500000 | PA      | $1762071.52   | 0.47%             | 2034-10-15      | Floating      | 3.17%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | SOLD GBP BOUGHT USD 20250804                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $-11090.31    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TRINITAS CLO VII LTD 2017-7A                             | TRINITAS CLO LTD TRNTS 2017 7A A1R2 144A                   | CUSIP: 89641CAU5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1800000 | PA      | $1793212.13   | 0.48%             | 2035-01-25      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE EUROPEAN LOAN FUNDING 2023-2A DAC          | PALMER SQUARE EUROPEAN LOAN FU PSTET 2023 2A AR 144A       | CUSIP: ACI2QLH16<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    691669 | PA      | $815367.87    | 0.22%             | 2033-01-15      | Floating      | 3.26%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | LME NICKEL FUTURE SEP25 XLME 20250915                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |       152 | NC      | $-571849.36   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | SOYBEAN FUTURE    JAN26 XCBT 20260114                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |         9 | NC      | $-4697.28     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ICG US CLO LTD 2015-2RA                                  | ICG US CLO LTD ICG 2015 2RA A1R 144A                       | CUSIP: 44933WAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1127901 | PA      | $1127752.51   | 0.30%             | 2033-01-16      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2025-89         | GOVERNMENT NATIONAL MORTGAGE A GNR 2025 89 PF              | CUSIP: 38385GMK2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1895118 | PA      | $1894374.89   | 0.51%             | 2055-05-20      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | LME ZINC FUTURE   SEP25 XLME 20250915                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | GB        |        90 | NC      | $-448855.00   | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | BOUGHT ILS SOLD USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $713.55       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | COCOA FUTURE      DEC25 IFUS 20251215                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        61 | NC      | $-17551.15    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | BOUGHT AUD SOLD USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |         1 | NC      | $17478.26     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | SOLD CAD BOUGHT USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |         1 | NC      | $-1740.86     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | WHEAT FUTURE(CBT) SEP25 XCBT 20250912                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |      -157 | NC      | $136803.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| RAD CLO LTD 2019 4A                                      | RAD CLO LTD RAD 2019 4A AR 144A                            | CUSIP: 749984AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    307945 | PA      | $308345.12    | 0.08%             | 2032-04-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | SOLD BRL BOUGHT USD 20251002                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |         1 | NC      | $-20419.74    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2024-101                               | FANNIE MAE FNR 2024 101 FB                                 | CUSIP: 3136BUFJ4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1250492 | PA      | $1249926.66   | 0.34%             | 2055-01-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                      | NOMURA HOLDINGS INC SR UNSECURED 07/25 1.851               | CUSIP: 65535HAR0<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |   2550000 | PA      | $2546907.62   | 0.68%             | 2025-07-16      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                            | FORD MOTOR CREDIT CO LLC SR UNSECURED 03/26 VAR            | CUSIP: 345397C50<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    800000 | PA      | $807585.58    | 0.22%             | 2026-03-06      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV                                         | ABN AMRO BANK NV 144A 12/28 VAR                            | CUSIP: 00084DBE9<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |   3000000 | PA      | $2999572.17   | 0.80%             | 2028-12-03      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP OF AMERICA FINANCE LLC                  | VOLKSWAGEN GROUP AMERICA COMPANY GUAR 144A 09/25 VAR       | CUSIP: 928668BY7<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1501149.38   | 0.40%             | 2025-09-12      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| KUBOTA CREDIT OWNER TRUST 2023-2A                        | KUBOTA CREDIT OWNER TRUST KCOT 2023 2A A2 144A             | CUSIP: 500945AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    243494 | PA      | $243761.35    | 0.07%             | 2026-07-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | BOUGHT EUR SOLD USD 20250702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $3125.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5410                                  | FREDDIE MAC FHR 5410 FB                                    | CUSIP: 3137HCUC4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1090849 | PA      | $1095820.71   | 0.29%             | 2054-05-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| SCCU AUTO RECEIVABLES TRUST 2023-1A                      | SPACE COAST CREDIT UNION SCCU 2023 1A A2 144A              | CUSIP: 805922AC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     55900 | PA      | $55969.99     | 0.02%             | 2027-05-17      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                  | HYUNDAI CAPITAL AMERICA HYUNDAI CAPITAL AMERICA            | CUSIP: 44891ACQ8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1506116.27   | 0.40%             | 2025-11-03      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | WTI CRUDE FUTURE  DEC25 XNYM 20251120                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       111 | NC      | $56750.33     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | CORN FUTURE       SEP25 XCBT 20250912                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       454 | NC      | $-243774.59   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-19

**Name of Applicant:** PIMCO ETF Trust

**Signature:** /s/ Bijal Parikh

**Name of Signer:** Bijal Parikh

**Title:** Treasurer