# EDGAR Filing Document

**Accession Number:** 0001716885
**File Stem:** 0001193125-25-219184
**Filing Date:** 2025-9
**Character Count:** 66924
**Document Hash:** b1ba7e2147e1628951aaae48376776db
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-219184.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0001193125-25-219184

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Angel Oak Strategic Credit Fund
- **CENTRAL INDEX KEY:** 0001716885

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23289
- **FILM NUMBER:** 251345981

**BUSINESS ADDRESS:**
- **STREET 1:** ONE BUCKHEAD PLAZA
- **STREET 2:** 3060 PEACHTREE RD. NW, SUITE 500
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30305
- **BUSINESS PHONE:** 404-953-4900

**MAIL ADDRESS:**
- **STREET 1:** ONE BUCKHEAD PLAZA
- **STREET 2:** 3060 PEACHTREE RD. NW, SUITE 500
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30305

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Angel Oak Strategic Credit Fund

- **b. Investment Company Act file number:** 811-23289

- **c. CIK number of Registrant:** 0001716885

- **d. LEI of Registrant:** 549300KHR3RXXW4KTW47

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

  - **Street Address 1:** 3344 Peachtree Road NE

  - **City:** Atlanta

  - **State:** GA

  - **Foreign country:** US

  - **Zip / Postal Code:** 30326

  - **Telephone number:** 404-953-4900

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

- **a. Name of Series:** Angel Oak Strategic Credit Fund

- **c. LEI of Series:** 549300KHR3RXXW4KTW47

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

- **a. Date of fiscal year-end:** 2026-01-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $96687959.90

**Total Liabilities:** $8666280.60

**Net Assets:** $88021679.30

**Cash Not Reported:** $563862.83

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 224.106884119650 | **1-Year:** 2106.346923891629 | **5-Year:** -12141.062362844648 | **10-Year:** 4048.447707789674 | **30-Year:** 463.974318079999

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

- **3-Month:** 318.108622099221 | **1-Year:** 2818.494057099050 | **5-Year:** 8181.825797243287 | **10-Year:** 8845.358778520680 | **30-Year:** 6202.114773438083

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.05%                | 1.89%                | 0.19%                |
| Class ID N/A | 0.05%                | 1.84%                | 0.19%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-88073.78               | $276339.00                                 |
| Month 2  | $258673.53               | $668735.30                                 |
| Month 3  | $-605989.43              | $494379.24                                 |

**Designated Index Information**

- **Index Name:** Fund's Securities Portfolio

- **Index Identifier:** MC4PPV85FT

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Affirm Inc                     | Affirm Asset Securitization Trust 2025-X1                           | CUSIP: 00834M103<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10100 | PA      | $857978.88    | 0.97%             | 2030-04-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| AgoraCapital Auto Securities T | AgoraCapital Auto Securities Trust 2025-1                           | CUSIP: 008483AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $505086.00    | 0.57%             | 2032-11-25      | Fixed         | 10.17%                | No            |                  2 | On Loan: No      |
| American Home Mortgage Assets  | American Home Mortgage Assets Trust 2006-6                          | CUSIP: 008684AF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7059 | PA      | $49.65        | 0.00%             | 2046-12-25      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust             | Aqua Finance Trust 2021-A                                           | CUSIP: 03842VAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $277640.22    | 0.32%             | 2046-07-17      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust 2020-2                               | CUSIP: 69546J104<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $15445.04     | 0.02%             | 2027-12-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2022-1                                         | CUSIP: 69546MAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    753980 | PA      | $747757.87    | 0.85%             | 2029-10-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust 2021-3                               | CUSIP: 69546RAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     43921 | PA      | $43120.92     | 0.05%             | 2029-05-15      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | PAGAYA AI Debt Trust 2022-2                                         | CUSIP: 69546VAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    434287 | PA      | $437589.32    | 0.50%             | 2030-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust 2021-1                               | CUSIP: 69547JAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     31899 | PA      | $31524.70     | 0.04%             | 2027-11-15      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-5                                 | CUSIP: 69548XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $505626.00    | 0.57%             | 2033-03-15      | Fixed         | 9.70%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-5                                 | CUSIP: 69548XAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $189487.80    | 0.22%             | 2033-03-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| PHH ESCROW ISS LCC/PHH C       | PHH Escrow Issuer LLC/PHH Corp                                      | CUSIP: 716964AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $501409.50    | 0.57%             | 2029-11-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Pikes Peak CLO                 | Pikes Peak CLO 5                                                    | CUSIP: 72133QAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $975817.00    | 1.11%             | 2037-10-20      | Floating      | 12.15%                | No            |                  2 | On Loan: No      |
| Pikes Peak CLO                 | Pikes Peak CLO 14 2023 Ltd                                          | CUSIP: 72134DAE9<br>LEI: 213800AO7LGLGDRRY278 | Long             | ABS-CBDO         | CORP              | JE        |   2000000 | PA      | $1999858.00   | 2.27%             | 2038-07-20      | Floating      | 10.33%                | No            |                  2 | On Loan: No      |
| PowerPay Issuance Trust        | PowerPay Issuance Trust 2024-1                                      | CUSIP: 73934RAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $206096.34    | 0.23%             | 2039-02-18      | Fixed         | 8.46%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trus | Prestige Auto Receivables Trust 2024-1                              | CUSIP: 74113QAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $207697.30    | 0.24%             | 2031-04-15      | Fixed         | 7.94%                 | No            |                  2 | On Loan: No      |
| Prosper Marketplace Issuance T | Prosper Marketplace Issuance Trust Series 2024-1                    | CUSIP: 74363CAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $520761.80    | 0.59%             | 2029-08-15      | Fixed         | 10.98%                | No            |                  2 | On Loan: No      |
| Purchasing Power Funding       | Purchasing Power Funding 2024-A LLC                                 | CUSIP: 745935AE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $202312.60    | 0.23%             | 2028-08-15      | Fixed         | 10.18%                | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, In | RALI Series 2006-QS6 Trust                                          | CUSIP: 74922EAV1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4052421 | PA      | $116948.83    | 0.13%             | 2036-06-25      | Variable      | 0.76%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, In | RALI Series 2007-QS11 Trust                                         | CUSIP: 74925GAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11517494 | PA      | $109692.62    | 0.12%             | 2037-10-25      | Variable      | 0.25%                 | No            |                  2 | On Loan: No      |
| Radnor Re LTD                  | Radnor Re 2024-1 Ltd                                                | CUSIP: 75049AAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1100000 | PA      | $1146838.00   | 1.30%             | 2034-09-25      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN       | Raven Acquisition Holdings LLC                                      | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $506263.45    | 0.58%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC            | Reach ABS Trust 2024-2                                              | CUSIP: 75525HAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $417483.68    | 0.47%             | 2031-07-15      | Fixed         | 8.83%                 | No            |                  2 | On Loan: No      |
| Regatta XIX Funding Ltd        | Regatta XIX Funding Ltd                                             | CUSIP: 75888CAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $497637.00    | 0.57%             | 2035-04-20      | Floating      | 12.58%                | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trus | Republic Finance Issuance Trust 2021-A                              | CUSIP: 76042UAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $194022.98    | 0.22%             | 2031-12-22      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRS LLC       | Saks Global Enterprises LLC                                         | CUSIP: 79380MAA3<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |    250000 | PA      | $57500.00     | 0.07%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin | Santander Bank Auto Credit-Linked Notes Series 2024-A               | CUSIP: 80290CCN2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    162404 | PA      | $164686.84    | 0.19%             | 2032-06-15      | Fixed         | 10.17%                | No            |                  2 | On Loan: No      |
| Selene 2024-1                  | Selene 2024-1                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | USGSE             | US        |   6553124 | PA      | $6995486.52   | 7.95%             | 2034-10-01      | Variable      | 11.58%                | No            |                  2 | On Loan: No      |
| REVREPO32010LAG9               | REVREPO32010LAG9                                                    | CUSIP: N/A<br>LEI: N/A                        | Short            | RA               | CORP              | US        |  -1703000 | PA      | $-1703000.00  | -1.93%            |  |  |  | No            |                  2 | On Loan: No      |
| REVREPO32010LAG9               | REVREPO32010LAG9                                                    | CUSIP: N/A<br>LEI: N/A                        | Short            | RA               | CORP              | US        |  -2554000 | PA      | $-2554000.00  | -2.90%            |  |  |  | No            |                  2 | On Loan: No      |
| REVREPO32010LAG9               | REVREPO32010LAG9                                                    | CUSIP: N/A<br>LEI: N/A                        | Short            | RA               | CORP              | US        |  -2554000 | PA      | $-2554000.00  | -2.90%            |  |  |  | No            |                  2 | On Loan: No      |
| NewStar Commercial Loan Fundin | First Eagle Commercial Loan Funding 2016-1 LLC                      | CUSIP: 32010LAG9<br>LEI: 549300MOI46ZB4RZW883 | Long             | ABS-CBDO         | CORP              | US        |  10500000 | PA      | $10554673.50  | 11.99%            | 2032-01-25      | Floating      | 9.58%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust 2015-1                          | CUSIP: 64829CAT5<br>LEI: 549300RCJSGOC0A85G53 | Long             | ABS-MBS          | CORP              | US        |   1238739 | PA      | $919357.48    | 1.04%             | 2052-05-28      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust       | Octane Receivables Trust 2024-1                                     | CUSIP: 67571FAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $204837.80    | 0.23%             | 2031-08-20      | Fixed         | 7.82%                 | No            |                  2 | On Loan: No      |
| DSLA Mortgage Loan Trust       | DSLA Mortgage Loan Trust 2004-AR2                                   | CUSIP: 23332UAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    267992 | PA      | $247.62       | 0.00%             | 2044-11-19      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC          | Directv Financing LLC / Directv Financing Co-Obligor Inc            | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $482575.49    | 0.55%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 54 Senior Loan Fund                                          | CUSIP: 26244RAD3<br>LEI: 54930064P37IJ78XTR63 | Long             | ABS-CBDO         | CORP              | KY        |   1012500 | PA      | $1015238.81   | 1.15%             | 2029-10-19      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | EFMT 2024-NQM1                                                      | CUSIP: 26845DAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $938627.00    | 1.07%             | 2069-11-25      | Variable      | 7.60%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | EFMT 2025-NQM1                                                      | CUSIP: 26846CAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $478207.00    | 0.54%             | 2070-01-25      | Variable      | 7.45%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | EFMT 2025-NQM1                                                      | CUSIP: 26846CAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $464275.50    | 0.53%             | 2070-01-25      | Variable      | 7.45%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2022-2                          | CUSIP: 30166QAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $463478.20    | 0.53%             | 2029-10-15      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC           | Fiesta Purchaser Inc                                                | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $264817.25    | 0.30%             | 2032-09-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund                          | CUSIP: 31846V211<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   4055048 | NS      | $4055048.50   | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagship Credit Auto Trust     | Flagship Credit Auto Trust 2024-1                                   | CUSIP: 33843VAN3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $204792.84    | 0.23%             | 2031-05-15      | Fixed         | 8.60%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD          | Freedom Mortgage Holdings LLC                                       | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156473.52    | 0.18%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers | Neuberger Berman Loan Advisers LaSalle Street Lending CLO II Ltd    | CUSIP: 64135QAA4<br>LEI: 254900IOVQ7KBVZKPZ16 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000597.00   | 1.14%             | 2038-04-20      | Floating      | 11.83%                | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC        | New Fortress Energy Inc                                             | CUSIP: 644393AB6<br>LEI: 254900EICTYTCHA5X705 | Long             | DBT              | CORP              | US        |    500000 | PA      | $175402.50    | 0.20%             | 2026-09-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2024-8                                 | CUSIP: 69548PAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    485789 | PA      | $501018.99    | 0.57%             | 2032-01-15      | Fixed         | 10.41%                | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya Ai Debt Grantor Trust 2024-9                                 | CUSIP: 69548QAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    356833 | PA      | $366905.14    | 0.42%             | 2032-03-15      | Fixed         | 10.11%                | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-1                                 | CUSIP: 69548VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    249979 | PA      | $253599.64    | 0.29%             | 2032-07-15      | Fixed         | 10.08%                | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-1                                 | CUSIP: 69548VAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    249979 | PA      | $241798.02    | 0.27%             | 2032-07-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trus | Republic Finance Issuance Trust 2024-A                              | CUSIP: 76041RAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $255282.90    | 0.29%             | 2032-08-20      | Fixed         | 9.49%                 | No            |                  2 | On Loan: No      |
| BCC Middle Market CLO          | BCC Middle Market CLO 2023-1 LLC                                    | CUSIP: 055401AJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2019796.00   | 2.29%             | 2035-07-20      | Floating      | 14.17%                | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Asset Trust IV                         | CUSIP: 76088LAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    104572 | PA      | $102503.54    | 0.12%             | 2030-03-25      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Asset Trust 2025-3                     | CUSIP: 76091FAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $500808.40    | 0.57%             | 2034-02-27      | Fixed         | 11.09%                | No            |                  2 | On Loan: No      |
| N/A                            | US 5YR NOTE (CBT) Sep25                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       261 | NC      | $160172.44    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | US LONG BOND(CBT) Sep25                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        26 | NC      | $97815.25     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc of America Merrill Lynch  | BAMLL Commercial Mortgage Securities Trust 2024-NASH                | CUSIP: 05555CAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $496443.50    | 0.56%             | 2039-05-15      | Floating      | 9.19%                 | No            |                  2 | On Loan: No      |
| Banc of America Alternative Lo | Banc of America Alternative Loan Trust 2006-6                       | CUSIP: 059487AN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1213266 | PA      | $274386.23    | 0.31%             | 2046-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Banc of America Alternative Lo | Banc of America Alternative Loan Trust 2006-5                       | CUSIP: 05950BAV6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    655949 | PA      | $148557.43    | 0.17%             | 2046-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade Re 2023-1 Ltd                                            | CUSIP: 07876XAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    400000 | PA      | $428966.80    | 0.49%             | 2033-10-25      | Floating      | 11.05%                | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade Re Ltd                                                   | CUSIP: 078915AE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    650000 | PA      | $673304.45    | 0.76%             | 2034-08-25      | Floating      | 9.90%                 | No            |                  2 | On Loan: No      |
| Black Diamond CLO Ltd          | Black Diamond CLO 2022-1 Ltd                                        | CUSIP: 09203GAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1500000 | PA      | $1508524.50   | 1.71%             | 2035-10-25      | Floating      | 11.82%                | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                 | ACHV ABS Trust 2024-3AL                                             | CUSIP: 00092KAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $494946.60    | 0.56%             | 2031-12-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                     | Affirm Asset Securitization Trust 2023-B                            | CUSIP: 00792FAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $301534.80    | 0.34%             | 2028-09-15      | Fixed         | 11.32%                | No            |                  2 | On Loan: No      |
| Affirm Inc                     | Affirm Asset Securitization Trust 2024-A                            | CUSIP: 00834BAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $201875.32    | 0.23%             | 2029-02-15      | Fixed         | 9.17%                 | No            |                  2 | On Loan: No      |
| OFSI Fund LTD                  | OFSI BSL XV CLO Ltd                                                 | CUSIP: 67121AAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1482619.50   | 1.68%             | 2038-03-31      | Floating      | 10.78%                | No            |                  2 | On Loan: No      |
| Octane Receivables Trust       | Octane Recievables Trust 2024-RPT1                                  | CUSIP: 67578QAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $505790.50    | 0.57%             | 2030-02-22      | Fixed         | 8.71%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust       | Octane Receivables Trust 2024-RVM1                                  | CUSIP: 67579FAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $520716.50    | 0.59%             | 2046-01-22      | Fixed         | 8.42%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2024-10                                | CUSIP: 69546UAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    499958 | PA      | $514900.32    | 0.58%             | 2032-06-15      | Fixed         | 10.41%                | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2024-11                                | CUSIP: 69548EAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    249971 | PA      | $236911.68    | 0.27%             | 2032-07-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2024-6 And Pagaya AI Debt Trust 2024-6 | CUSIP: 69548LAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    351685 | PA      | $360989.41    | 0.41%             | 2031-11-15      | Fixed         | 11.35%                | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | CPS Auto Receivables Trust 2024-B                                   | CUSIP: 12627SAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $317911.14    | 0.36%             | 2031-11-17      | Fixed         | 8.36%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC 2022-ATH1                                                      | CUSIP: 12660BAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1724094.00   | 1.96%             | 2067-01-25      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| CVR PARTNERS/CVR NITROGE       | CVR Partners LP / CVR Nitrogen Finance Corp                         | CUSIP: 12663QAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $496748.90    | 0.56%             | 2028-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans         | CHL Mortgage Pass-Through Trust 2004-29                             | CUSIP: 12669GJA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    803329 | PA      | $8.03         | 0.00%             | 2035-02-25      | Variable      | 0.20%                 | No            |                  2 | On Loan: No      |
| CAL Receivables LLC            | CAL Receivables 2022-1 LLC                                          | CUSIP: 12804BAB4<br>LEI: 549300GJW1JSYKS6S265 | Long             | ABS-O            | CORP              | US        |    272735 | PA      | $272332.41    | 0.31%             | 2026-10-15      | Floating      | 8.69%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust 2019-4                               | CUSIP: 14686YAK3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2000 | PA      | $265997.40    | 0.30%             | 2026-10-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust 2021-N4                              | CUSIP: 14687HAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    307796 | PA      | $299529.27    | 0.34%             | 2028-09-11      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FIN        | Consolidated Energy Finance SA                                      | CUSIP: 20914UAF3<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    500000 | PA      | $421190.88    | 0.48%             | 2028-10-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd  | Corevest American Finance 2020-4 Trust                              | CUSIP: 21873AAL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    770000 | PA      | $658048.93    | 0.75%             | 2052-12-15      | Fixed         | 2.71%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC 2017-RPL1 Trust                                                | CUSIP: 22945AAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1422226 | PA      | $442350.79    | 0.50%             | 2057-07-25      | Variable      | 2.97%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora | JPMorgan Chase Bank NA - CHASE                                      | CUSIP: 46591HAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    116123 | PA      | $120769.57    | 0.14%             | 2057-10-25      | Floating      | 10.07%                | No            |                  2 | On Loan: No      |
| BRUNDAGE-BONE CONCRETE         | Brundage-Bone Concrete Pumping Holdings Inc                         | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $498197.85    | 0.57%             | 2032-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| iShares Broad USD High Yield C | iShares Broad USD High Yield Corporate Bond ETF                     | CUSIP: 46435U853<br>LEI: 549300X7H67ZLUE3IZ46 | Long             | EC               | RF                | US        |     48500 | NS      | $1813415.00   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. Morgan Wealth Management  | JPMorgan Chase Bank NA - JPMWM                                      | CUSIP: 46591HBP4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     40229 | PA      | $36702.04     | 0.04%             | 2051-03-25      | Floating      | 8.20%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Wealth Management  | JPMorgan Chase Bank NA - JPMWM                                      | CUSIP: 46591HBQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     74979 | PA      | $72010.50     | 0.08%             | 2051-03-25      | Floating      | 11.25%                | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN       | Jefferies Finance LLC / JFIN Co-Issuer Corp                         | CUSIP: 47232MAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $249030.60    | 0.28%             | 2031-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust           | FREMF 2017-KF41 Mortgage Trust                                      | CUSIP: 30306KAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    129217 | PA      | $127473.80    | 0.14%             | 2025-11-25      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD          | Freedom Mortgage Holdings LLC                                       | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    500000 | PA      | $511845.00    | 0.58%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust   | GS Mortgage Securities Corp Trust 2018-TWR                          | CUSIP: 36251SAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    311000 | PA      | $24538.18     | 0.03%             | 2031-07-15      | Floating      | 8.56%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2020-NQM1                       | CUSIP: 36259WAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2975000 | PA      | $2991121.53   | 3.40%             | 2060-09-27      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| GLOBAL AIR LEASE CO LTD        | Global Aircraft Leasing Co Ltd                                      | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    500000 | PA      | $516943.86    | 0.59%             | 2027-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GoodLeap Sustainable Home Impr | Goodleap Sustainable Home Solutions Trust 2023-2                    | CUSIP: 38237AAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $311133.65    | 0.35%             | 2055-05-20      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                            | CUSIP: 38385E3N2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1650310 | PA      | $173124.75    | 0.20%             | 2055-04-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                 | Gray Media Inc                                                      | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    600000 | PA      | $443380.86    | 0.50%             | 2031-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES DREDGE&DOCK        | Great Lakes Dredge & Dock Corp                                      | CUSIP: 390607AF6<br>LEI: 549300H65E3MZ1CX0P05 | Long             | DBT              | CORP              | US        |    450000 | PA      | $426640.14    | 0.48%             | 2029-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GREENFIRE RESOURCES LTD        | Greenfire Resources Ltd                                             | CUSIP: 39525UAA5<br>LEI: 254900MTS0G2VGMJW059 | Long             | DBT              | CORP              | CA        |    318000 | PA      | $334911.24    | 0.38%             | 2028-10-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issu | GreenSky Home Improvement Trust 2024-1                              | CUSIP: 39571MAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $519895.50    | 0.59%             | 2059-06-25      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| HTL Commercial Mortgage Trust  | HTL Commercial Mortgage Trust 2024-T53                              | CUSIP: 404300AL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $512451.00    | 0.58%             | 2039-05-10      | Variable      | 11.93%                | No            |                  2 | On Loan: No      |
| HalseyPoint CLO Ltd.           | Halseypoint Clo 6 Ltd                                               | CUSIP: 40639JAG8<br>LEI: 5493001PG85K1980W896 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $242657.75    | 0.28%             | 2038-01-20      | Floating      | 12.80%                | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                 | Hertz Corp/The                                                      | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    250000 | PA      | $261392.96    | 0.30%             | 2029-07-15      | Fixed         | 12.62%                | No            |                  2 | On Loan: No      |
| Home Partners of America Trust | Home Partners of America 2021-2 Trust                               | CUSIP: 43732VAL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    383841 | PA      | $367056.15    | 0.42%             | 2026-12-17      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| HPS Private Credit CLO         | HPS Private Credit CLO 2023-1 LLC                                   | CUSIP: 44328JAL5<br>LEI: 54930002KT5GZSNJ4R18 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1002668.00   | 1.14%             | 2035-07-15      | Floating      | 14.17%                | No            |                  2 | On Loan: No      |
| The Huntington National Bank   | Huntington Bank Auto Credit-Linked Notes Series 2024-1              | CUSIP: 44644NAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    280412 | PA      | $287108.55    | 0.33%             | 2032-05-20      | Floating      | 9.60%                 | No            |                  2 | On Loan: No      |
| UPBOUND GROUP INC              | Upbound Group Inc                                                   | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |    500000 | PA      | $488184.04    | 0.55%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Structured Asset Mortgage Inve | Structured Asset Mortgage Investments II Trust 2006-AR7             | CUSIP: 86361HAT1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7334019 | PA      | $242404.01    | 0.28%             | 2036-08-25      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| Sunbit Asset Securitization Tr | Sunbit Asset Securitization Trust 2025-1                            | CUSIP: 86709SAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $249984.03    | 0.28%             | 2030-07-15      | Fixed         | 7.92%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization T | Tricolor Auto Securitization Trust 2023-1                           | CUSIP: 89616KAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $541588.65    | 0.62%             | 2030-06-17      | Fixed         | 16.00%                | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization T | Tricolor Auto Securitization Trust                                  | CUSIP: 89617QAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    240000 | PA      | $253589.18    | 0.29%             | 2032-03-15      | Fixed         | 11.23%                | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd               | Trinitas CLO XIV Ltd                                                | CUSIP: 89641QAJ9<br>LEI: 549300095MXHZZMH2053 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501379.00    | 0.57%             | 2034-01-25      | Floating      | 8.88%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN          | Trivium Packaging Finance BV                                        | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $262715.25    | 0.30%             | 2031-01-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| USASF Receivables LLC          | US Auto Funding Trust 2022-1                                        | CUSIP: 90355FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3505 | PA      | $3492.62      | 0.00%             | 2025-10-15      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| USASF Receivables LLC          | US Auto Funding Trust 2022-1                                        | CUSIP: 90355FAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1450000 | PA      | $14.50        | 0.00%             | 2027-07-15      | Fixed         | 9.14%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL        | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC     | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $292106.25    | 0.33%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust | Upgrade Master Pass-Thru Trust Series 2021-PT2                      | CUSIP: 91531XAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     51519 | PA      | $50077.57     | 0.06%             | 2027-05-15      | Variable      | 34.05%                | No            |                  2 | On Loan: No      |
| Upgrade Receivables Trust      | Upgrade Receivables Trust 2024-1                                    | CUSIP: 91533NAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $508869.80    | 0.58%             | 2031-02-18      | Fixed         | 8.90%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2023-1                                 | CUSIP: 91679AAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $512080.00    | 0.58%             | 2033-02-20      | Fixed         | 11.10%                | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2021-5                                 | CUSIP: 91679JAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    565890 | PA      | $559425.17    | 0.64%             | 2031-11-20      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2022-2                                 | CUSIP: 91679TAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    368118 | PA      | $329614.69    | 0.37%             | 2032-05-20      | Fixed         | 8.43%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2022-1                                 | CUSIP: 91679WAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $118104.42    | 0.13%             | 2032-03-20      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Upstart Pass Through Trust     | Upstart Pass-Through Trust Series 2021-ST3                          | CUSIP: 91681PAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2850000 | PA      | $218334.98    | 0.25%             | 2027-05-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Upstart Pass Through Trust     | Upstart Pass-Through Trust Series 2021-ST9                          | CUSIP: 91683MAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $51448.56     | 0.06%             | 2029-11-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Upstart Pass Through Trust     | Upstart Pass-Through Trust Series 2022-ST1                          | CUSIP: 91683NAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $34380.94     | 0.04%             | 2030-03-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Western Alliance Bank          | Western Alliance Bank                                               | CUSIP: 95763PNH0<br>LEI: SI7YQSVPFZBSQ878IC17 | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $397033.60    | 0.45%             | 2059-07-25      | Floating      | 12.85%                | No            |                  2 | On Loan: No      |
| X-CALIBER FUNDING LLC          | X-Caliber Funding LLC                                               | CUSIP: 98373XAW0<br>LEI: 549300GGW5CBE4FDT866 | Long             | DBT              | CORP              | US        |    214401 | PA      | $207805.11    | 0.24%             | 2026-03-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| x-caliber funding llc          | XCALI 2020-1 Mortgage Trust                                         | CUSIP: 98402TAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     50000 | PA      | $4.85         | 0.00%             | 2026-04-06      | Floating      | 12.45%                | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | J.P. Morgan Mortgage Trust 2023-6                                   | CUSIP: 465989AN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    517522 | PA      | $431168.30    | 0.49%             | 2053-12-26      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2021-11                                    | CUSIP: 46654KBU0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  73060069 | PA      | $784299.84    | 0.89%             | 2052-01-25      | Variable      | 0.22%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | J.P. Morgan Mortgage Trust 2022-6                                   | CUSIP: 46655KDG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3030175 | PA      | $1649200.19   | 1.87%             | 2052-11-25      | Variable      | 3.28%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | J.P. Morgan Mortgage Trust 2022-6                                   | CUSIP: 46655KDH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1265000 | PA      | $610439.67    | 0.69%             | 2052-11-25      | Variable      | 3.28%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust Series 2024-8                              | CUSIP: 46658GBH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    804000 | PA      | $669352.51    | 0.76%             | 2055-01-25      | Variable      | 7.02%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust Series 2024-8                              | CUSIP: 46658GBJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1606867 | PA      | $1093812.04   | 1.24%             | 2055-01-25      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, NA - CACL | JPMorgan Chase Bank NA - CACLN                                      | CUSIP: 48128U2S7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    236548 | PA      | $237084.10    | 0.27%             | 2028-12-26      | Fixed         | 8.48%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd          | KKR CLO 43 Ltd                                                      | CUSIP: 48256BAD7<br>LEI: 25490088LQLWORRKOM10 | Long             | ABS-CBDO         | CORP              | JE        |    750000 | PA      | $760349.25    | 0.86%             | 2036-01-15      | Floating      | 12.29%                | No            |                  2 | On Loan: No      |
| Katayma CLO Ltd                | Katayma CLO I Ltd                                                   | CUSIP: 48585KAA5<br>LEI: 254900I6JJYMZNFX8987 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1003469.00   | 1.14%             | 2036-10-20      | Floating      | 12.47%                | No            |                  2 | On Loan: No      |
| LBA Trust                      | LBA Trust 2024-BOLT                                                 | CUSIP: 50177BAQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $301413.00    | 0.34%             | 2039-06-15      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| LENDINGCLUB RECEIVABLES TRUST, | LendingClub Receivables Trust Series 2019-3                         | CUSIP: 52603E101<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5200000 | PA      | $4362.85      | 0.00%             | 2025-10-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LendingPoint Asset Securitizat | Lendingpoint 2022-A Asset Securitization Trust                      | CUSIP: 52605AAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $1.00         | 0.00%             | 2029-06-15      | Fixed         | 7.02%                 | No            |                  2 | On Loan: No      |
| LendingClub Receivables Trust  | LendingClub Receivables Trust Series 2019-7                         | CUSIP: 52605F106<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $5481.65      | 0.01%             | 2027-01-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LendingPoint Asset Securitizat | Lendingpoint 2021-B Asset Securitization Trust                      | CUSIP: 52607HAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    140601 | PA      | $138132.77    | 0.16%             | 2029-02-15      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd       | Madison Park Funding XIX Ltd                                        | CUSIP: 55819RAL9<br>LEI: 254900END3IQSN7CTN87 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1022065.00   | 1.16%             | 2037-01-22      | Floating      | 11.67%                | No            |                  2 | On Loan: No      |
| Man US CLO Ltd                 | Man US CLO 2024-1 Ltd                                               | CUSIP: 56167CAN4<br>LEI: 2549007JRE3Q11AV7970 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1004199.00   | 1.14%             | 2037-07-20      | Floating      | 9.53%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust         | Marlette Funding Trust 2023-2                                       | CUSIP: 57109LAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $510062.10    | 0.58%             | 2033-06-15      | Fixed         | 7.92%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust         | Marlette Funding Trust 2022-3                                       | CUSIP: 57109NAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1014104.10   | 1.15%             | 2032-11-15      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust         | Marlette Funding Trust 2023-1                                       | CUSIP: 57110PAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1020463.60   | 1.16%             | 2033-04-15      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| MERCER INTL INC                | Mercer International Inc                                            | CUSIP: 588056BB6<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |    235000 | PA      | $189518.66    | 0.22%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Momnt Technologies Trust       | Momnt Technologies Trust 2023-1                                     | CUSIP: 608934AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $504878.65    | 0.57%             | 2045-03-20      | Fixed         | 8.29%                 | No            |                  2 | On Loan: No      |
| Monroe Capital MML CLO         | Monroe Capital MML CLO XV LLC                                       | CUSIP: 61033YAS7<br>LEI: 635400TBPZJGNQT3WB33 | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2011614.00   | 2.29%             | 2035-09-23      | Floating      | 13.41%                | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust 2014-150E                            | CUSIP: 61764BAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    123000 | PA      | $87475.69     | 0.10%             | 2032-09-09      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC         | Mosaic Solar Loan Trust 2019-1                                      | CUSIP: 61946CAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2921 | PA      | $2731.82      | 0.00%             | 2043-12-21      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SHELF DRILL HOLD LTD           | Shelf Drilling Holdings Ltd                                         | CUSIP: 822538AH7<br>LEI: 54930078ZJ3XP4MRYB68 | Long             | DBT              | CORP              | KY        |    380000 | PA      | $325737.25    | 0.37%             | 2029-04-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| STENA INTERNATIONAL SA         | Stena International SA                                              | CUSIP: 85858EAD5<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |    300000 | PA      | $305155.50    | 0.35%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| STRIKE ACCEPTANCE AUTO FUNDING | Strike Acceptance Auto Funding Trust 2023-1                         | CUSIP: 862942AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    762872 | PA      | $765963.51    | 0.87%             | 2026-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC         | Venture Global LNG Inc                                              | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | EP               | CORP              | US        |    500000 | PA      | $500577.50    | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Veros Auto Receivables Trust   | Veros Auto Receivables Trust 2024-1                                 | CUSIP: 92512WAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $264303.30    | 0.30%             | 2031-05-15      | Fixed         | 9.87%                 | No            |                  2 | On Loan: No      |
| L Street Securities            | Wells Fargo Credit Risk Transfer Securities Trust 2015              | CUSIP: 949771AC3<br>LEI: 549300T6W1U156OOG754 | Long             | ABS-MBS          | CORP              | US        |      9231 | PA      | $9359.21      | 0.01%             | 2025-11-25      | Floating      | 9.71%                 | No            |                  2 | On Loan: No      |
| Western Alliance Bank          | Western Alliance Bank                                               | CUSIP: 95763PNE7<br>LEI: SI7YQSVPFZBSQ878IC17 | Long             | ABS-MBS          | CORP              | US        |   1299349 | PA      | $1306443.75   | 1.48%             | 2059-07-25      | Floating      | 8.45%                 | No            |                  2 | On Loan: No      |
| Western Alliance Bank          | Western Alliance Bank                                               | CUSIP: 95763PNG2<br>LEI: SI7YQSVPFZBSQ878IC17 | Long             | ABS-MBS          | CORP              | US        |    378848 | PA      | $369285.21    | 0.42%             | 2059-07-25      | Floating      | 10.85%                | No            |                  2 | On Loan: No      |
| N/A                            | CDX44IG CDS (BUY PROTECTION)                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |         1 | NC      | $-1138633.33  | -1.29%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-22

**Name of Applicant:** Angel Oak Strategic Credit Fund

**Signature:** /s/ Michael Colombo

**Name of Signer:** Michael Colombo

**Title:** Secretary