# EDGAR Filing Document

**Accession Number:** 0001221845
**File Stem:** 0000940400-26-020782
**Filing Date:** 2026-5
**Character Count:** 330910
**Document Hash:** aa6fe57dd8237d0eb4307777b75a9a05
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-020782.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0000940400-26-020782

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK ALLOCATION TARGET SHARES
- **CENTRAL INDEX KEY:** 0001221845

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21457
- **FILM NUMBER:** 261017627

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800-441-7762

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKROCK BOND ALLOCATION TARGET SHARES
- **DATE OF NAME CHANGE:** 20030306

## Series and Classes Contracts Data

### BATS: Short Duration Taxable Total Return Series (Series ID: S000001471)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000003893 | BATS: Short Duration Taxable Total Return Series | BRASX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlackRock Allocation Target Shares

- **b. Investment Company Act file number:** 811-21457

- **c. CIK number of Registrant:** 0001221845

- **d. LEI of Registrant:** 549300R5YFYF3PL2MC94

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

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

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

- **a. Name of Series:** BATS: Short Duration Taxable Total Return Series

- **b. EDGAR series identifier (if any):** S000001471

- **c. LEI of Series:** UHCSUNBDKLB2EM9I9C81

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

- **a. Date of fiscal year-end:** 2026-03-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $399099144.65

**Total Liabilities:** $3638558.61

**Net Assets:** $395460586.04

**Delayed Delivery Securities:** $607556.02

**Cash Not Reported:** $1267000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 8182.94000000 | **1-Year:** 15718.20000000 | **5-Year:** 46740.99000000 | **10-Year:** 2182.40000000 | **30-Year:** 5266.70000000

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

- **3-Month:** 0.00000000 | **1-Year:** 71.73000000 | **5-Year:** 27.03000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000003893 | 0.38%                | 0.45%                | -0.59%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $77152.18                | $-59881.74                                 |
| Month 2  | $76127.05                | $914426.91                                 |
| Month 3  | $86481.89                | $-3673646.83                               |

**Designated Index Information**

- **Index Name:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

- **Index Identifier:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                          | Ultra 10-Year U.S. Treasury Note Futures, Jun-2026,ETH | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -43 | NC      | $90630.67     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TRINITAS CLO XIX LTD                                                                 | TRNTS 2022-19A A1R                                     | CUSIP: 89642FAN3<br>LEI: 2549001AD9MMQI3LBM68 | Long             | ABS-CBDO         | CORP              | KY        |    307900 | PA      | $308030.98    | 0.08%             | 2033-10-20      | Variable      | 4.78%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                                   | VICI 4.125 08/15/30 144A                               | CUSIP: 92564RAE5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |    590000 | PA      | $565012.79    | 0.14%             | 2030-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2023-NQM2                                              | MCMLT 2023-NQM2 A1                                     | CUSIP: 59981CAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    347546 | PA      | $346278.39    | 0.09%             | 2067-12-25      | Variable      | 6.24%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp                                                                   | PFSFC 2025-F A                                         | CUSIP: 69335PGC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    493000 | PA      | $492608.90    | 0.12%             | 2030-08-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                 | GLENLN 5.338 04/04/27 144A                             | CUSIP: 378272BR8<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    216000 | PA      | $217725.60    | 0.06%             | 2027-04-04      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V4.808 07/25/28 MTN                                | CUSIP: 95000U3A9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     95000 | PA      | $95394.33     | 0.02%             | 2028-07-25      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 1 07/31/28                                           | CUSIP: 91282CCR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4055000 | PA      | $3802512.91   | 0.96%             | 2028-07-31      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Navient Refinance Loan Trust 2025-C                                                  | NAVRL 2025-C A                                         | CUSIP: 638973AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    293675 | PA      | $292116.42    | 0.07%             | 2055-10-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 4.55 07/01/30                                      | CUSIP: 694308JM0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    927000 | PA      | $914435.46    | 0.23%             | 2030-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ELMWOOD CLO III LLC                                                                  | ELMW3 2019-3A A2RR                                     | CUSIP: 29002HAY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    425000 | PA      | $424401.43    | 0.11%             | 2037-07-20      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| BFLD COMMERCIAL MORTGAGE TRUST 2024-UNIV                                             | BFLD 2024-UNIV A                                       | CUSIP: 08861RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100031.25    | 0.03%             | 2041-11-15      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2025-P1                                        | WLAKE 2025-P1 A3                                       | CUSIP: 96043LAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    216000 | PA      | $216704.27    | 0.05%             | 2029-06-15      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2024-5C31                                                       | BBCMS 2024-5C31 A3                                     | CUSIP: 07336YAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    390000 | PA      | $402228.22    | 0.10%             | 2057-12-17      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| Equinix Europe 2 Financing Corp LLC                                                  | EQIX 4.6 11/15/30                                      | CUSIP: 29390XAG9<br>LEI: 254900FSZR46BPMCKI50 | Long             | DBT              | CORP              | US        |    601000 | PA      | $595395.52    | 0.15%             | 2030-11-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V1.948 10/21/27                                     | CUSIP: 38141GYM0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    689000 | PA      | $679596.50    | 0.17%             | 2027-10-21      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AQ1292                                              | CUSIP: 3138MGNJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4230 | PA      | $4164.49      | 0.00%             | 2028-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FOUNDATION FINANCE TRUST 2025-1                                                      | FFIN 2025-1A A                                         | CUSIP: 35040WAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    255170 | PA      | $255677.80    | 0.06%             | 2050-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 4.45 09/26/30                                     | CUSIP: 68389XDH5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    420000 | PA      | $404746.18    | 0.10%             | 2030-09-26      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                | FR SB0032                                              | CUSIP: 3132CWA95<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     41369 | PA      | $41208.83     | 0.01%             | 2032-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Benchmark 2020-B16 Mortgage Trust                                                    | BMARK 2022-B34 AM                                      | CUSIP: 08161YBJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    265000 | PA      | $233009.23    | 0.06%             | 2055-04-16      | Variable      | 3.82%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING 2025-2 LLC                                                | EFF 2025-2 A3                                          | CUSIP: 29375TAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    342000 | PA      | $342951.38    | 0.09%             | 2029-06-20      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2019-G                                     | NAVSL 2019-GA A                                        | CUSIP: 63941JAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     39259 | PA      | $38305.17     | 0.01%             | 2068-10-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST 2021-C                                                     | NSLT 2021-CA AFL                                       | CUSIP: 64035GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    226269 | PA      | $225136.87    | 0.06%             | 2062-04-20      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 5.05 07/12/29                                     | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    807000 | PA      | $823684.71    | 0.21%             | 2029-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 5.125 02/13/31                                      | CUSIP: 718172DH9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    360000 | PA      | $368199.31    | 0.09%             | 2031-02-13      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V2.687 04/22/32                                    | CUSIP: 06051GJT7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    244000 | PA      | $221117.33    | 0.06%             | 2032-04-22      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| BMW VEHICLE OWNER TRUST 2023-A                                                       | BMWOT 2023-A A3                                        | CUSIP: 05592XAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    181823 | PA      | $182746.38    | 0.05%             | 2028-02-25      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                               | TFC V6.047 06/08/27 MTN                                | CUSIP: 89788MAN2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    351000 | PA      | $351884.20    | 0.09%             | 2027-06-08      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| OMERS Finance Trust                                                                  | OMERFT 4.375 03/20/30 144A                             | CUSIP: 68218TAA9<br>LEI: 529900M039WCPES03P17 | Long             | DBT              | CORP              | CA        |    550000 | PA      | $555836.96    | 0.14%             | 2030-03-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V4.915 01/24/29                                    | CUSIP: 46647PEU6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1880000 | PA      | $1896011.68   | 0.48%             | 2029-01-24      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG J39557                                              | CUSIP: 31307WTN4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    614634 | PA      | $608344.82    | 0.15%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| The Progressive Corporation                                                          | PGR 4.6 03/26/31                                       | CUSIP: 743315BC6<br>LEI: 529900TACNVLY9DCR586 | Long             | DBT              | CORP              | US        |    140000 | PA      | $140319.72    | 0.04%             | 2031-03-26      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BD9756                                              | CUSIP: 3140FHZW0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13018 | PA      | $12487.35     | 0.00%             | 2031-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories                                                                  | ABT 4 03/15/31                                         | CUSIP: 002824BS8<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    350000 | PA      | $344455.32    | 0.09%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Equinix, Inc.                                                                        | EQIX 2.15 07/15/30                                     | CUSIP: 29444UBH8<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |    235000 | PA      | $211199.85    | 0.05%             | 2030-07-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS6072                                              | CUSIP: 3140XMXA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    176213 | PA      | $167476.65    | 0.04%             | 2036-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust 2025-A                                                     | NSLT 2025-AA A1B                                       | CUSIP: 64033XAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    336541 | PA      | $335703.58    | 0.08%             | 2057-03-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| OHA CREDIT PARTNERS XVI LTD                                                          | OAKC 2021-16A AR                                       | CUSIP: 67115LAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    420000 | PA      | $420122.51    | 0.11%             | 2037-10-19      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR ZS8633                                              | CUSIP: 3132A9SW8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    172000 | PA      | $167386.77    | 0.04%             | 2031-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Lyra Music Assets Del LP                                                             | LYRA 2025-1A A2                                        | CUSIP: 552339AD5<br>LEI: 9845007N9EAB0C048A12 | Long             | ABS-O            | CORP              | US        |    112992 | PA      | $113671.00    | 0.03%             | 2065-09-20      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.5 02/15/29                                         | CUSIP: 91282CQA2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9000000 | PA      | $8921953.08   | 2.26%             | 2029-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST 2023-REV2                                               | FORDR 2023-2 A                                         | CUSIP: 34535CAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1675000 | PA      | $1712374.28   | 0.43%             | 2036-02-15      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| CALI COMMERCIAL MORTGAGE TRUST 2024-SUN                                              | CALI 2024-SUN A                                        | CUSIP: 12988DAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    260000 | PA      | $260000.00    | 0.07%             | 2041-07-15      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Morocco (Kingdom of)                                                                 | MOROC 2.375 12/15/27 144A                              | CUSIP: 617726AK0<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    360000 | PA      | $345654.00    | 0.09%             | 2027-12-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                         | EUR/USD FORWARD                                        | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-108.46      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 5.625 09/01/28                                     | CUSIP: 404121AJ4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    235000 | PA      | $239662.89    | 0.06%             | 2028-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST 2025-B                                                     | NSLT 2025-BA A1B                                       | CUSIP: 64032BAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    660816 | PA      | $664103.34    | 0.17%             | 2055-05-17      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2023-3                                                    | VERUS 2023-3 A1                                        | CUSIP: 92539GAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    466532 | PA      | $465006.03    | 0.12%             | 2068-03-25      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST 2025-ESH                                                 | ESA 2025-ESH B                                         | CUSIP: 30227TAC4<br>LEI: 549300IESZBC3BJUJW64 | Long             | ABS-O            | CORP              | US        |    295000 | PA      | $295368.75    | 0.07%             | 2042-10-15      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORP TRUST 2023-FUN                                           | GSMS 2023-FUN B                                        | CUSIP: 36267CAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    415000 | PA      | $416296.88    | 0.11%             | 2028-03-15      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 4.6 07/15/30                                      | CUSIP: 11135FCK5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    140000 | PA      | $140696.47    | 0.04%             | 2030-07-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| ARI FLEET LEASE TRUST 2024-B                                                         | ARIFL 2024-B A2                                        | CUSIP: 04033HAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     44580 | PA      | $44801.63     | 0.01%             | 2033-04-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                        | F 4.95 05/28/27                                        | CUSIP: 345397C27<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    215000 | PA      | $214935.25    | 0.05%             | 2027-05-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust 2025-3                            | GMCAR 2025-3 A3                                        | CUSIP: 379957AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1245000 | PA      | $1248987.11   | 0.32%             | 2030-08-16      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| Onemain Financial Issuance Trust 2019-2                                              | OMFIT 2019-2A A                                        | CUSIP: 68269BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    402000 | PA      | $395362.14    | 0.10%             | 2036-10-14      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                               | FANG 5.15 01/30/30                                     | CUSIP: 25278XAY5<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    480000 | PA      | $489772.00    | 0.12%             | 2030-01-30      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST 2023-A                                                  | FORDO 2023-A A3                                        | CUSIP: 344928AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     52287 | PA      | $52372.48     | 0.01%             | 2028-02-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| NTT Finance Corp                                                                     | NTT 4.62 07/16/28 144A                                 | CUSIP: 62954WAQ8<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    245000 | PA      | $245931.40    | 0.06%             | 2028-07-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE OWNER TRUST 2023-B                                                        | JDOT 2023-B A3                                         | CUSIP: 477920AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    204829 | PA      | $205720.24    | 0.05%             | 2028-03-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                                   | VICI 4.25 12/01/26 144A                                | CUSIP: 92564RAA3<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |    775000 | PA      | $772881.89    | 0.20%             | 2026-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                                                | WSTP 4.184 05/22/28 144A                               | CUSIP: 96122WAQ3<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   1205000 | PA      | $1208109.23   | 0.31%             | 2028-05-22      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BATSLN 3.557 08/15/27                                  | CUSIP: 05526DBB0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   1406000 | PA      | $1390570.39   | 0.35%             | 2027-08-15      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| COMPASS DATACENTERS ISSUER III LLC                                                   | CMDC 2026-1A A21                                       | CUSIP: 20469BAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    252000 | PA      | $249904.44    | 0.06%             | 2056-02-25      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG C91864                                              | CUSIP: 3128P8B91<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    236866 | PA      | $225614.88    | 0.06%             | 2036-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PRET 2025-RPL2 TRUST                                                                 | PRET 2025-RPL2 A1                                      | CUSIP: 69392LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     90701 | PA      | $87985.06     | 0.02%             | 2064-08-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| VICI Properties LP                                                                   | VICI 4.75 04/01/28                                     | CUSIP: 925650AJ2<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |    110000 | PA      | $110112.01    | 0.03%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                                                      | EQT 7 02/01/30                                         | CUSIP: 26884LAG4<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    433000 | PA      | $463256.20    | 0.12%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Ryder System, Inc.                                                                   | R 5.25 06/01/28 MTN                                    | CUSIP: 78355HKW8<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    130000 | PA      | $132075.22    | 0.03%             | 2028-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Texas Electric Market Stabilization Funding N LLC                                    | ERCOTT 4.265 08/01/34 A-1                              | CUSIP: 88240TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    257433 | PA      | $255642.21    | 0.06%             | 2034-08-01      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| Vici Properties Inc                                                                  | VICI 3.875 02/15/29 144A                               | CUSIP: 92564RAL9<br>LEI: 254900RKH6RY9KCJQH63 | Long             | DBT              | CORP              | US        |    320000 | PA      | $310977.72    | 0.08%             | 2029-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CNH EQUIPMENT TRUST 2024-A                                                           | CNH 2024-A A3                                          | CUSIP: 18978FAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    299662 | PA      | $301664.60    | 0.08%             | 2029-06-15      | Fixed         | 4.77%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                          | ABBV 3.2 11/21/29                                      | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    143000 | PA      | $137861.38    | 0.03%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| OZLM XXII LTD                                                                        | OZLM 2018-22A A2                                       | CUSIP: 67111VAE6<br>LEI: 549300SDDOLWC85Q9Q65 | Long             | ABS-CBDO         | CORP              | KY        |     67253 | PA      | $67238.59     | 0.02%             | 2031-01-17      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2023-B                                              | SMB 2023-B A1B                                         | CUSIP: 78449HAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    490839 | PA      | $500515.99    | 0.13%             | 2056-10-16      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V4.503 09/11/31                                      | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    652000 | PA      | $644589.39    | 0.16%             | 2031-09-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CFCRE 2016-C6 Mortgage Trust                                                         | CFCRE 2016-C6 A3                                       | CUSIP: 12532AAZ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    820000 | PA      | $814600.14    | 0.21%             | 2049-11-15      | Variable      | 3.22%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS4885                                              | CUSIP: 3140XLNB0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    405615 | PA      | $396067.93    | 0.10%             | 2037-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Loan Trust 2015-2                                                 | MCMLT 2015-2 M3                                        | CUSIP: 599808BG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    180422 | PA      | $179274.58    | 0.05%             | 2057-09-25      | Variable      | 3.68%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2024-AIRC                                               | BX 2024-AIRC A                                         | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    390263 | PA      | $390628.89    | 0.10%             | 2041-08-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Dbc 2025-DBC Mortgage Trust                                                          | DBC 2025-DBC A                                         | CUSIP: 23306HAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    385000 | PA      | $384759.80    | 0.10%             | 2042-11-17      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB4514                                              | CUSIP: 3140QQAQ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    239109 | PA      | $240277.16    | 0.06%             | 2037-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust 2013-A                                        | SDART 2023-5 A3                                        | CUSIP: 80286PAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     64154 | PA      | $64194.50     | 0.02%             | 2028-09-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                          | U.S. Treasury Bond Futures, Jun-2026,ETH               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -19 | NC      | $60534.76     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| NAVIENT STUDENT LOAN TRUST 2014-4                                                    | NAVSL 2020-FA A                                        | CUSIP: 63941XAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    283549 | PA      | $267845.50    | 0.07%             | 2069-07-15      | Fixed         | 1.22%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust A                                           | FORDF 2024-2 A                                         | CUSIP: 34528QJF2<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |    545000 | PA      | $558954.02    | 0.14%             | 2031-04-15      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| SANTANDER MORTGAGE ASSET RECEIVABLE TRUST 2026-NQM1                                  | SAN 2026-NQM1 A1                                       | CUSIP: 802931AC9<br>LEI: 254900O64LWPVM9P8N80 | Long             | ABS-O            | CORP              | US        |    219861 | PA      | $218432.70    | 0.06%             | 2065-11-25      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| COLT 2022-3 MORTGAGE LOAN TRUST                                                      | COLT 2022-3 A1                                         | CUSIP: 12659YAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     96861 | PA      | $94761.86     | 0.02%             | 2067-02-25      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| M&T EQUIPMENT (2025-LEAF1) LLC                                                       | MTLRF 2025-1A A2                                       | CUSIP: 55340QAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     76452 | PA      | $76697.60     | 0.02%             | 2027-12-16      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 3.375 04/15/29                                    | CUSIP: 87264ABV6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    694000 | PA      | $672571.31    | 0.17%             | 2029-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| NAVIENT EDUCATION LOAN TRUST 2025-A                                                  | NAVEL 2025-A A                                         | CUSIP: 63943EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    272669 | PA      | $273146.40    | 0.07%             | 2055-07-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE BACKED SECURITIES TRUST 2026-R1                                          | GSMBS 2026-R1 A1                                       | CUSIP: 36274QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    590000 | PA      | $589992.86    | 0.15%             | 2063-04-25      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                                 | VZMT 2024-8 A1A                                        | CUSIP: 92348KDM2<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   1042000 | PA      | $1049738.41   | 0.27%             | 2030-11-20      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AS5794                                              | CUSIP: 3138WFNL6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     65531 | PA      | $64180.08     | 0.02%             | 2030-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ocp Clo 2016-12 Ltd.                                                                 | OCP 2016-12A BAR3                                      | CUSIP: 67092RBC1<br>LEI: 254900U8BS6KLMI9K654 | Long             | ABS-CBDO         | CORP              | KY        |    260000 | PA      | $260143.16    | 0.07%             | 2037-10-19      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company Inc                                                 | GM 4.6 01/08/31                                        | CUSIP: 37045XFM3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    205000 | PA      | $202041.53    | 0.05%             | 2031-01-08      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 4.2 09/27/29 *                                    | CUSIP: 68389XCS2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    245000 | PA      | $237437.46    | 0.06%             | 2029-09-27      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Bravo Residential Funding Trust 2025-NQM2                                            | BRAVO 2025-NQM2 A1                                     | CUSIP: 10569NAC5<br>LEI: 254900TZWRKTBX2YNW23 | Long             | ABS-O            | CORP              | US        |    255939 | PA      | $257294.13    | 0.07%             | 2064-11-25      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| Honeywell Aerospace Inc.                                                             | HONA 4.3 03/16/31 144A                                 | CUSIP: 43849RAE5<br>LEI: 213800ZUAQRBYL67JS90 | Long             | DBT              | CORP              | US        |    440000 | PA      | $435241.19    | 0.11%             | 2031-03-16      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V5.049 07/23/30                                     | CUSIP: 38141GB29<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    950000 | PA      | $961445.05    | 0.24%             | 2030-07-23      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust 2024-Nqm5                             | MSRM 2024-NQM5 A1                                      | CUSIP: 61777QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    525902 | PA      | $528513.30    | 0.13%             | 2069-10-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| SAIF SECURITIZATION TRUST 2026-CES1                                                  | SAIF 2026-CES1 A1A                                     | CUSIP: 78710HAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    205000 | PA      | $204863.01    | 0.05%             | 2056-02-25      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| BMO 2025-C11 MORTGAGE TRUST                                                          | BMO 2025-C11 ASB                                       | CUSIP: 05613XAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    185000 | PA      | $193371.92    | 0.05%             | 2058-02-15      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                                                      | EQT 3.125 05/15/26 144A                                | CUSIP: 26884LAM1<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    111000 | PA      | $110776.68    | 0.03%             | 2026-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM4 TRUST                                                                  | OBX 2025-NQM4 A1                                       | CUSIP: 67120QAA4<br>LEI: 254900IAVXYLOCPK6W54 | Long             | ABS-O            | CORP              | US        |    254335 | PA      | $254881.72    | 0.06%             | 2055-02-25      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| PRKCM 2023-AFC3 TRUST                                                                | PRKCM 2023-AFC3 A1                                     | CUSIP: 693984AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    817824 | PA      | $819455.90    | 0.21%             | 2058-09-25      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| L3 Harris Technologies Inc                                                           | LHX 5.4 01/15/27                                       | CUSIP: 502431AP4<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28219.88     | 0.01%             | 2027-01-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Porsche Financial Auto Securitization                                                | PFAST 2024-1A A3                                       | CUSIP: 73328EAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1889618 | PA      | $1893113.92   | 0.48%             | 2030-01-22      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| CHASE HOME LENDING MORTGAGE TRUST 2019-ATR2                                          | CHASE 2019-ATR2 A3                                     | CUSIP: 16159GAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    117201 | PA      | $106981.67    | 0.03%             | 2049-07-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                                                                    | CCI 1.05 07/15/26                                      | CUSIP: 22822VAV3<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    559000 | PA      | $553640.93    | 0.14%             | 2026-07-15      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BM4291                                              | CUSIP: 3140J8XV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    922379 | PA      | $932178.86    | 0.24%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMCC COMMERCIAL MORTGAGE SECURITIES TRUST 2017-JP6                                  | JPMCC 2017-JP6 A3                                      | CUSIP: 48128KAS0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    298770 | PA      | $295371.38    | 0.07%             | 2050-07-15      | Fixed         | 3.11%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 2.25 01/15/29                                     | CUSIP: 161175CD4<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    962000 | PA      | $899108.88    | 0.23%             | 2029-01-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 3.875 04/15/30                                    | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    778000 | PA      | $757671.59    | 0.19%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Loan Trust 2016-A                                          | NAVSL 2020-DA A                                        | CUSIP: 63941HAA0<br>LEI: 549300JSCKIU587G1R13 | Long             | ABS-O            | CORP              | US        |    200905 | PA      | $191874.93    | 0.05%             | 2069-05-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 4.875 02/15/28                                      | CUSIP: 718172CZ0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    642000 | PA      | $648567.83    | 0.16%             | 2028-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                             | AXP V4.456 02/10/32                                    | CUSIP: 025816EP0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    330000 | PA      | $326582.80    | 0.08%             | 2032-02-10      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2024-91 FA                                         | CUSIP: 3136BTYT4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1013460 | PA      | $1021691.07   | 0.26%             | 2054-12-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Constellation Energy Generation LLC                                                  | CEG 4.4 01/15/31                                       | CUSIP: 210385AQ3<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    430000 | PA      | $424393.77    | 0.11%             | 2031-01-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| COLLEGE AVE STUDENT LOANS 2021-C LL                                                  | CASL 2021-C B                                          | CUSIP: 19424WAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     61218 | PA      | $56631.50     | 0.01%             | 2055-07-26      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2018-21 CA                                         | CUSIP: 3136B1RK2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |      3884 | PA      | $3873.99      | 0.00%             | 2045-04-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AFFIRM MASTER TRUST                                                                  | AFRMT 2025-3A A                                        | CUSIP: 00833BAN8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    765000 | PA      | $761685.03    | 0.19%             | 2034-10-16      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SC0405                                              | CUSIP: 3132D9NW0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    117145 | PA      | $112537.27    | 0.03%             | 2038-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST 2025-REV1                                               | FORDR 2025-1 A                                         | CUSIP: 34532MAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    715000 | PA      | $727501.13    | 0.18%             | 2037-08-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2024-V12 MORTGAGE TRUST                                                    | BMARK 2024-V12 A3                                      | CUSIP: 081915AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1135318.80   | 0.29%             | 2057-12-17      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V3.559 04/23/27 MTN                                | CUSIP: 06051GHT9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    914000 | PA      | $913520.96    | 0.23%             | 2027-04-23      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 5.25 06/15/26                                      | CUSIP: 404119BT5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    590000 | PA      | $590340.95    | 0.15%             | 2026-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| J P MORGAN MORTGAGE TRUST 2025-NQM4                                                  | JPMMT 2025-NQM4 A1                                     | CUSIP: 46660HAD8<br>LEI: 529900AW45JIN41HJ284 | Long             | ABS-O            | CORP              | US        |    630695 | PA      | $628058.70    | 0.16%             | 2066-03-25      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| WF Card Issuance Trust                                                               | WFCIT 2024-A1 A                                        | CUSIP: 92970QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1902000 | PA      | $1917438.15   | 0.48%             | 2029-02-15      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2024-VLT4                                                                   | BX 2024-VLT4 A                                         | CUSIP: 05612TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    380000 | PA      | $377625.00    | 0.10%             | 2041-06-17      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STRUCTURED PASS THROUGH CERTIFICATES                                     | SCRT 2018-3 MA                                         | CUSIP: 35563PGG8<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    789564 | PA      | $769529.66    | 0.19%             | 2057-08-27      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V4.369 10/21/31 .                                   | CUSIP: 38141GD35<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    930000 | PA      | $911889.43    | 0.23%             | 2031-10-21      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust 2020-1Inv                                                    | FSMT 2020-1INV A11                                     | CUSIP: 33851YAL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    343702 | PA      | $333002.22    | 0.08%             | 2050-03-25      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| PIKES PEAK CLO 14 (2023) LTD                                                         | PIPK 2023-14A A1R                                      | CUSIP: 72134CAL5<br>LEI: 213800AO7LGLGDRRY278 | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $250094.40    | 0.06%             | 2038-07-20      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                               | FHR 5480 FA                                            | CUSIP: 3137HHKD2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    634133 | PA      | $639581.70    | 0.16%             | 2054-03-25      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| BX Trust 2022-IND                                                                    | BX 2022-IND A                                          | CUSIP: 05609WAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    371073 | PA      | $371073.48    | 0.09%             | 2037-04-15      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 3.125 03/02/28                                      | CUSIP: 718172CE7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    152000 | PA      | $148882.64    | 0.04%             | 2028-03-02      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING 2024-1 LLC                                                | EFF 2024-1 A3                                          | CUSIP: 29375PAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     50000 | PA      | $50675.01     | 0.01%             | 2030-09-20      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc                              | BHI 4.35 06/15/31                                      | CUSIP: 05724BAM1<br>LEI: 549300XU3XH6F05YEQ93 | Long             | DBT              | CORP              | US        |    500000 | PA      | $493444.37    | 0.12%             | 2031-06-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL REVOLVING RECEIVABLES TRUST 2024-2                                      | GMREV 2024-2 A                                         | CUSIP: 379925AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    824000 | PA      | $830834.50    | 0.21%             | 2037-03-11      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| Southern Co.                                                                         | SO 5.5 03/15/29                                        | CUSIP: 842587DS3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    641000 | PA      | $660454.67    | 0.17%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GCAT 2025-NQM6 TRUST                                                                 | GCAT 2025-NQM6 A1                                      | CUSIP: 36831QAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    203711 | PA      | $202381.51    | 0.05%             | 2070-10-25      | Variable      | 4.93%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V4.182 01/23/30                                    | CUSIP: 95000U4D2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    345000 | PA      | $341943.24    | 0.09%             | 2030-01-23      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| ELM TRUST 2024-ELM                                                                   | ELM 2024-ELM A15                                       | CUSIP: 26860XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    730000 | PA      | $731439.93    | 0.18%             | 2039-06-10      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.625 05/31/28                                       | CUSIP: 91282CHE4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1600000 | PA      | $1593687.50   | 0.40%             | 2028-05-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST                                                            | NSLT 2025-1A A1                                        | CUSIP: 64035EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    515865 | PA      | $515865.18    | 0.13%             | 2033-10-25      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2015-1                                                     | TPMT 2015-1 A5                                         | CUSIP: 89171DAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    109699 | PA      | $109319.15    | 0.03%             | 2053-10-25      | Variable      | 4.53%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2018-2                                                     | TPMT 2018-2 A1                                         | CUSIP: 89175VAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    177649 | PA      | $176199.15    | 0.04%             | 2058-03-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| NTT Finance Corp                                                                     | NTT 4.372 07/27/27 144A                                | CUSIP: 62954WAK1<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    275000 | PA      | $275139.00    | 0.07%             | 2027-07-27      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V3.584 05/22/28 MTN                                | CUSIP: 95000U2A0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    440000 | PA      | $435842.01    | 0.11%             | 2028-05-22      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.875 06/15/28                                       | CUSIP: 91282CNH0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5300000 | PA      | $5307039.04   | 1.34%             | 2028-06-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| B.A.T. International Finance PLC                                                     | BATSLN 5.931 02/02/29                                  | CUSIP: 05530QAQ3<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |    555000 | PA      | $575748.20    | 0.15%             | 2029-02-02      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                                                            | RTX 2.65 11/01/26                                      | CUSIP: 913017CH0<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |     38000 | PA      | $37696.24     | 0.01%             | 2026-11-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust 2024-C                                                | HART 2024-C A3                                         | CUSIP: 448976AD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1622000 | PA      | $1627815.03   | 0.41%             | 2029-05-15      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2018-B2                                          | CGCMT 2018-B2 A4                                       | CUSIP: 17327FAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    535000 | PA      | $529480.30    | 0.13%             | 2051-03-10      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| ALA TRUST 2025-OANA                                                                  | ALA 2025-OANA A                                        | CUSIP: 009920AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    299000 | PA      | $299747.50    | 0.08%             | 2040-06-15      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Global Payments Inc                                                                  | GPN 4.875 11/15/30                                     | CUSIP: 37940XAW2<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147306.12    | 0.04%             | 2030-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ARI FLEET LEASE TRUST 2025-B                                                         | ARIFL 2025-B A2                                        | CUSIP: 00193GAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1050739 | PA      | $1053458.69   | 0.27%             | 2034-03-15      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V1.953 02/04/32                                    | CUSIP: 46647PBX3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    500000 | PA      | $440248.66    | 0.11%             | 2032-02-04      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA3090                                              | CUSIP: 31418CNG5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     62538 | PA      | $60727.24     | 0.02%             | 2032-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V5.162 01/24/31                                    | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    469000 | PA      | $477935.36    | 0.12%             | 2031-01-24      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II Llc                                                            | CFII 2024-1A A1                                        | CUSIP: 165183DE1<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |    270805 | PA      | $273506.91    | 0.07%             | 2036-05-15      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                 | GLENLN 5.4 05/08/28 144A                               | CUSIP: 378272BK3<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    254000 | PA      | $257883.77    | 0.07%             | 2028-05-08      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BD7095                                              | CUSIP: 3140FE3D4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    293029 | PA      | $291808.63    | 0.07%             | 2032-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Romania (Republic Of)                                                                | ROMANI 3 02/27/27 REGS                                 | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    400000 | PA      | $391700.00    | 0.10%             | 2027-02-27      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Houston Galleria Mall Trust 2025-HGLR                                                | HGMT 2025-HGLR A                                       | CUSIP: 44216XAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    110000 | PA      | $112416.57    | 0.03%             | 2045-02-07      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR8                                                                      | BANK5 2024-5YR8 A3                                     | CUSIP: 065923AY0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    220000 | PA      | $228105.59    | 0.06%             | 2057-08-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2021-C60                                       | WFCM 2021-C60 ASB                                      | CUSIP: 95003DBR8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    834000 | PA      | $787304.76    | 0.20%             | 2054-08-17      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust 2020-1                                           | NRZT 2020-1A A1B                                       | CUSIP: 64830TAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    228115 | PA      | $213607.97    | 0.05%             | 2059-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FHR 5006 KA                                            | CUSIP: 3137FVBQ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    476058 | PA      | $438197.10    | 0.11%             | 2045-06-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS II, LLC                                                               | QTSII 2026-4A A2                                       | CUSIP: 74690FBC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    372000 | PA      | $369195.45    | 0.09%             | 2056-03-06      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust 2014-4                                                    | NAVSL 2020-BA A2                                       | CUSIP: 63941GAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    168382 | PA      | $161231.36    | 0.04%             | 2069-01-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2022-2                                                           | RCKT 2022-2 A1                                         | CUSIP: 74938WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    375888 | PA      | $326215.03    | 0.08%             | 2052-02-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                 | GLENLN 4.875 03/12/29 144A                             | CUSIP: 378272AV0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    185000 | PA      | $186212.42    | 0.05%             | 2029-03-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WEST TRUST 2025-ROSE                                                                 | WEST 2025-ROSE A                                       | CUSIP: 955909AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    331000 | PA      | $332380.77    | 0.08%             | 2035-04-12      | Variable      | 5.28%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II Llc                                                            | CFII 2023-2A A1                                        | CUSIP: 165183CZ5<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |    120296 | PA      | $121074.95    | 0.03%             | 2035-10-15      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                               | FANG 3.5 12/01/29                                      | CUSIP: 25278XAN9<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    493000 | PA      | $475699.48    | 0.12%             | 2029-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                                                      | EQT 7.5 06/01/30                                       | CUSIP: 26884LBB4<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   1220000 | PA      | $1328553.95   | 0.34%             | 2030-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Viper Energy Partners LLC                                                            | VNOM 4.9 08/01/30                                      | CUSIP: 92764MAA2<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |   1285000 | PA      | $1284151.90   | 0.32%             | 2030-08-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MF1 2026-FL21 LLC                                                                    | MF1 2026-FL21 A                                        | CUSIP: 55287NAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    715000 | PA      | $712341.42    | 0.18%             | 2041-02-19      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| GreatAmerica Leasing Receivables Funding LLC                                         | GALC 2024-2 A2                                         | CUSIP: 39154GAB2<br>LEI: 549300JFP7GIDD4UWO79 | Long             | ABS-O            | CORP              | US        |     76091 | PA      | $76274.36     | 0.02%             | 2027-03-15      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| MFA 2023-NQM3 TRUST                                                                  | MFRA 2023-NQM3 A1                                      | CUSIP: 55286MAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    269753 | PA      | $270295.99    | 0.07%             | 2068-07-25      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| ANCHORAGE CAPITAL CLO 7 LLC                                                          | ANCHC 2015-7A AR3                                      | CUSIP: 03328TBS3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    865000 | PA      | $865421.08    | 0.22%             | 2037-04-28      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 5 03/01/28                                         | CUSIP: 404119CY3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1263000 | PA      | $1275385.67   | 0.32%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI TECHNOLOGY IN HOUSING TRUST 2023-1                                         | PATH 2023-1 A                                          | CUSIP: 69547YAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    495000 | PA      | $478498.28    | 0.12%             | 2040-10-26      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp                                                                   | PFSFC 2024-D A                                         | CUSIP: 69335PFJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    115000 | PA      | $116266.86    | 0.03%             | 2029-04-16      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| PT Freeport Indonesia                                                                | FRIDPT 4.763 04/14/27 REGS                             | CUSIP: 000000000<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | CORP              | ID        |    390000 | PA      | $389173.20    | 0.10%             | 2027-04-14      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| NYC COMMERCIAL MORTGAGE TRUST 2025-11X                                               | NYC 2025-11X A                                         | CUSIP: 67122NAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    215000 | PA      | $215067.19    | 0.05%             | 2040-10-15      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| GM Financial Revolving Receivables Trust 2024-1                                      | GMREV 2024-1 A                                         | CUSIP: 36269KAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    284000 | PA      | $289273.79    | 0.07%             | 2036-12-11      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                   | BX 2024-BRBK A                                         | CUSIP: 05613NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    201109 | PA      | $200606.23    | 0.05%             | 2041-10-15      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 1.125 10/31/26                                       | CUSIP: 91282CDG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6000000 | PA      | $5908687.50   | 1.49%             | 2026-10-31      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust                                         | AMXCA 2025-4 A                                         | CUSIP: 02582JKV1<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |   1901000 | PA      | $1909375.81   | 0.48%             | 2030-07-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Hudson Yards 2025-Sprl Mortgage Trust                                                | HY 2025-SPRL A                                         | CUSIP: 44855PAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    280000 | PA      | $286514.93    | 0.07%             | 2040-01-13      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| BFLD COMMERCIAL MORTGAGE TRUST 2024-UNIV                                             | BFLD 2024-UNIV B                                       | CUSIP: 08861RAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     70000 | PA      | $70021.88     | 0.02%             | 2041-11-15      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 4 10/29/30                                          | CUSIP: 718172DY2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    495000 | PA      | $484511.59    | 0.12%             | 2030-10-29      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                               | FHR 4752 PL                                            | CUSIP: 3137FCPN8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    225318 | PA      | $217004.00    | 0.05%             | 2046-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BPR COMMERCIAL MORTGAGE TRUST 2025-STAR                                              | BPR 2025-STAR B                                        | CUSIP: 05619DAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $198710.08    | 0.05%             | 2042-11-07      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| MFA 2023-INV2 TRUST                                                                  | MFRA 2023-INV2 A1                                      | CUSIP: 59319BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    117653 | PA      | $118341.84    | 0.03%             | 2058-10-25      | Variable      | 6.78%                 | No            |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION LOAN TRUST 2023-B                                          | NAVSL 2023-BA A1B                                      | CUSIP: 63942TAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    130576 | PA      | $131239.34    | 0.03%             | 2072-03-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 3.25 11/15/27                                     | CUSIP: 68389XBN4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    738000 | PA      | $720195.58    | 0.18%             | 2027-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Humana Inc.                                                                          | HUM 5.375 04/15/31                                     | CUSIP: 444859CA8<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30322.43     | 0.01%             | 2031-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                         | UBS V4.398 09/23/31 144A                               | CUSIP: 225401BM9<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    235000 | PA      | $230708.39    | 0.06%             | 2031-09-23      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB6379                                              | CUSIP: 3140QSCR0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    136293 | PA      | $140347.50    | 0.04%             | 2038-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Paychex Inc                                                                          | PAYX 5.1 04/15/30                                      | CUSIP: 704326AA5<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |    555000 | PA      | $559974.93    | 0.14%             | 2030-04-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                   | ET 4.2 04/15/27                                        | CUSIP: 29273RBK4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    126000 | PA      | $125728.08    | 0.03%             | 2027-04-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| PNC Bank National Association Pittsburgh Pennsylvania                                | PNC V4.543 05/13/27                                    | CUSIP: 69353RFY9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $1060042.27   | 0.27%             | 2027-05-13      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                | FNR 2020-79 JA                                         | CUSIP: 3136BCPR5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    340434 | PA      | $313878.05    | 0.08%             | 2050-11-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2022-B                                              | SMB 2022-B A1A                                         | CUSIP: 83206NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    444517 | PA      | $430606.25    | 0.11%             | 2055-02-16      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 4 03/13/29                                        | CUSIP: 023135DC7<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1263580.21   | 0.32%             | 2029-03-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                     | NRG 2.45 12/02/27 144A                                 | CUSIP: 629377CP5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    243000 | PA      | $234073.44    | 0.06%             | 2027-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners Clo X                                                        | BSP 2016-10A BR3                                       | CUSIP: 08181LBJ5<br>LEI: 549300MYLNCW81S1Y182 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250148.78    | 0.06%             | 2038-07-20      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V1.542 09/10/27                                     | CUSIP: 38141GYG3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1030000 | PA      | $1016651.23   | 0.26%             | 2027-09-10      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks                                                            | FFCB 1.48 11/26/32                                     | CUSIP: 3133EL4Y7<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $835714.99    | 0.21%             | 2032-11-26      | Fixed         | 1.48%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-9                                                    | VERUS 2025-9 A1                                        | CUSIP: 92490EAA1<br>LEI: 2138002AFCEWDDRL8N22 | Long             | ABS-O            | CORP              | US        |    279903 | PA      | $278532.08    | 0.07%             | 2070-10-25      | Variable      | 4.93%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 5.55 05/15/29                                      | CUSIP: 694308KQ9<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    947000 | PA      | $969493.34    | 0.25%             | 2029-05-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V5.299 07/24/29                                    | CUSIP: 46647PDU7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    969000 | PA      | $987084.47    | 0.25%             | 2029-07-24      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AT1667                                              | CUSIP: 3138WNZ93<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3627 | PA      | $3568.33      | 0.00%             | 2028-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2019-C                                     | NAVSL 2019-CA A2                                       | CUSIP: 63940YAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     68174 | PA      | $67523.11     | 0.02%             | 2068-02-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 5.375 09/01/26                                     | CUSIP: 404121AH8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    876000 | PA      | $876680.27    | 0.22%             | 2026-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| OHIO EDISON CO                                                                       | FE 4.95 12/15/29 144A                                  | CUSIP: 677347CJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    131000 | PA      | $132330.49    | 0.03%             | 2029-12-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-NQM4                             | MSRM 2025-NQM4 A1                                      | CUSIP: 617945AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    480144 | PA      | $481957.55    | 0.12%             | 2070-06-25      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FH 849692                                              | CUSIP: 31300MXV0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    205149 | PA      | $213885.90    | 0.05%             | 2045-05-01      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| HOMES 2024-NQM2 TRUST                                                                | HOMES 2024-NQM2 A1                                     | CUSIP: 43761CAA0<br>LEI: 254900MQRASV1D1NGZ28 | Long             | ABS-O            | CORP              | US        |    380168 | PA      | $381936.67    | 0.10%             | 2069-10-25      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Corp.                                                                    | FE 2.25 09/01/30 B                                     | CUSIP: 337932AP2<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |    108000 | PA      | $97310.26     | 0.02%             | 2030-09-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| AFFIRM MASTER TRUST                                                                  | AFRMT 2026-2A A                                        | CUSIP: 00833KAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $499288.52    | 0.13%             | 2035-04-16      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2020-2                                                      | AOMT 2020-2 A1A                                        | CUSIP: 03464XAL4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    367916 | PA      | $350489.26    | 0.09%             | 2065-01-25      | Variable      | 2.53%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V4.078 09/15/29                                    | CUSIP: 95000U4A8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1038448.70   | 0.26%             | 2029-09-15      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| Equinix, Inc.                                                                        | EQIX 1.8 07/15/27                                      | CUSIP: 29444UBG0<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |    722000 | PA      | $697558.19    | 0.18%             | 2027-07-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 2.45 02/15/31                                     | CUSIP: 11135FCQ2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    430000 | PA      | $390521.56    | 0.10%             | 2031-02-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V5.656 04/18/30                                     | CUSIP: 61747YFQ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    417000 | PA      | $428976.82    | 0.11%             | 2030-04-18      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks                                                            | FFCB 2.17 10/29/29                                     | CUSIP: 3133EK4C7<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    700000 | PA      | $660280.27    | 0.17%             | 2029-10-29      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Loan Extended Trust 2025-1                                               | TALNT 2025-1A A                                        | CUSIP: 891950AA5<br>LEI: 254900QVX5SBHB37FT67 | Long             | ABS-O            | CORP              | US        |   1195000 | PA      | $1204447.43   | 0.30%             | 2038-05-25      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| HYUNDAI AUTO RECEIVABLES TRUST 2012-B                                                | HART 2025-C A3                                         | CUSIP: 44935JAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    479000 | PA      | $476493.54    | 0.12%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust 2022-NQM3                                            | BRAVO 2024-NQM1 A1                                     | CUSIP: 10570FAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    468313 | PA      | $469875.35    | 0.12%             | 2063-12-01      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| PRM5 TRUST 2025-PRM5                                                                 | PRM5 2025-PRM5 A                                       | CUSIP: 693980AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    376000 | PA      | $373685.61    | 0.09%             | 2033-03-10      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| Spire Inc                                                                            | SR 4.6 09/01/31                                        | CUSIP: 84857LAF8<br>LEI: 549300NXSY15DRY2R511 | Long             | DBT              | CORP              | US        |    325000 | PA      | $321145.00    | 0.08%             | 2031-09-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| ALEN 2021-ACEN MORTGAGE TRUST                                                        | ALEN 2021-ACEN A                                       | CUSIP: 01449NAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    420000 | PA      | $396900.00    | 0.10%             | 2034-04-17      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V4.994 04/12/29 .                                   | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    935000 | PA      | $943571.95    | 0.24%             | 2029-04-12      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2022-2                                                    | VERUS 2022-2 A1                                        | CUSIP: 92538XAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    193814 | PA      | $186244.37    | 0.05%             | 2067-02-25      | Variable      | 4.26%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING 2024-4 LLC                                                | EFF 2024-4 A3                                          | CUSIP: 29374MAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    182000 | PA      | $183014.03    | 0.05%             | 2028-11-20      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Loan Trust 2020-A                                          | NAVSL 2020-A A2B                                       | CUSIP: 63941FAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    593251 | PA      | $591965.86    | 0.15%             | 2068-11-15      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners Lp                                                          | CQP 4.5 10/01/29                                       | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |   2178000 | PA      | $2168473.41   | 0.55%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2022-A                                              | SMB 2022-A APT                                         | CUSIP: 78450FAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    428670 | PA      | $402783.61    | 0.10%             | 2054-11-16      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V5.174 02/13/30                                      | CUSIP: 172967PF2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    941000 | PA      | $955506.14    | 0.24%             | 2030-02-13      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| BX Trust 2025-Roic                                                                   | BX 2025-ROIC A                                         | CUSIP: 05593VAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500696 | PA      | $498192.55    | 0.13%             | 2030-03-15      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Fidelity National Information Services Inc                                           | FIS 1.65 03/01/28 **                                   | CUSIP: 31620MBS4<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |    225000 | PA      | $212938.82    | 0.05%             | 2028-03-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                        | GOOGL 3.7 02/15/29                                     | CUSIP: 02079KBJ5<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    870000 | PA      | $862522.81    | 0.22%             | 2029-02-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 2.05 02/15/28                                     | CUSIP: 87264ACA1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    902000 | PA      | $865173.60    | 0.22%             | 2028-02-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2021-B                                     | NAVSL 2021-BA A                                        | CUSIP: 63942LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    249986 | PA      | $228044.09    | 0.06%             | 2069-07-15      | Fixed         | 0.94%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V5.819 09/15/29                                    | CUSIP: 06051GLS6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    166000 | PA      | $171243.80    | 0.04%             | 2029-09-15      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2024-5C2                                       | WFCM 2024-5C2 A3                                       | CUSIP: 95003UAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     90000 | PA      | $93469.31     | 0.02%             | 2057-11-19      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| Firstenergy Transmission Llc                                                         | FE 4.55 01/15/30                                       | CUSIP: 33767BAG4<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |    141000 | PA      | $140779.07    | 0.04%             | 2030-01-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AL7431                                              | CUSIP: 3138EQHH8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    101441 | PA      | $105690.58    | 0.03%             | 2043-07-01      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                        | F 5.8 03/05/27                                         | CUSIP: 345397D83<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    255000 | PA      | $256406.33    | 0.06%             | 2027-03-05      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| INCREF 2025-FL1 LLC                                                                  | INCREF 2025-FL1 A                                      | CUSIP: 45339NAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    465000 | PA      | $464681.15    | 0.12%             | 2042-10-22      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                                  | SYF V5.45 03/06/31                                     | CUSIP: 87165BAW3<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    720000 | PA      | $719403.80    | 0.18%             | 2031-03-06      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp                                                                   | PFSFC 2023-C A                                         | CUSIP: 69335PEY7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    432000 | PA      | $435042.10    | 0.11%             | 2028-10-16      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| BFLD TRUST 2024-WRHS                                                                 | BFLD 2024-WRHS A                                       | CUSIP: 05555HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    278099 | PA      | $278099.11    | 0.07%             | 2039-07-15      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| CANYON CLO 2021-4 LTD                                                                | CANYC 2021-4A BR                                       | CUSIP: 13877PAQ0<br>LEI: 254900V38Q76ALAJY818 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249767.93    | 0.06%             | 2034-10-16      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| BBCMS 2018-TALL MORTGAGE TRUST                                                       | BBCMS 2018-TALL A                                      | CUSIP: 05548WAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $189507.32    | 0.05%             | 2037-03-16      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| WHARF COMMERCIAL MORTGAGE TRUST 2025-DC                                              | WHARF 2025-DC B                                        | CUSIP: 92987LAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100849.24    | 0.03%             | 2040-07-17      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| NCMF TRUST 2025-MFS                                                                  | NCMF 2025-MFS B                                        | CUSIP: 62887TAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    256000 | PA      | $256842.47    | 0.06%             | 2033-06-10      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| Chase Issuance Trust                                                                 | CHAIT 2024-A2 A                                        | CUSIP: 161571HW7<br>LEI: 5493008SHVCX2Y068L12 | Long             | ABS-O            | CORP              | US        |    293000 | PA      | $296292.06    | 0.07%             | 2031-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2024-4                            | GMCAR 2024-4 A3                                        | CUSIP: 38014AAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1103000 | PA      | $1105584.66   | 0.28%             | 2029-08-16      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V5.192 04/17/31                                     | CUSIP: 61747YFZ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    225000 | PA      | $228350.94    | 0.06%             | 2031-04-17      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2023-6                                                      | AOMT 2023-6 A1                                         | CUSIP: 03464UAA4<br>LEI: 254900QAUT3NUZVCSB04 | Long             | ABS-O            | CORP              | US        |    122653 | PA      | $123067.73    | 0.03%             | 2067-12-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTAGE SECURITIES TRUST 2022                             | JPMCC 2022-OPO D                                       | CUSIP: 46655AAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $77349.98     | 0.02%             | 2039-01-07      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| CHASE HOME LENDING MORTGAGE TRUST 2025-11                                            | CHASE 2025-11 A11                                      | CUSIP: 16162QBD3<br>LEI: 529900WHPX8TDUNEBR55 | Long             | ABS-O            | CORP              | US        |    492991 | PA      | $491835.73    | 0.12%             | 2056-02-25      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                                                            | RTX 3.125 05/04/27                                     | CUSIP: 913017CR8<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    770000 | PA      | $760045.36    | 0.19%             | 2027-05-04      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| ARROYO MORTGAGE TRUST 2022-2                                                         | ARRW 2022-2 A1                                         | CUSIP: 04285EAM9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    187758 | PA      | $187246.41    | 0.05%             | 2057-07-25      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2025-V18 MORTGAGE TRUST                                                    | BMARK 2025-V18 B                                       | CUSIP: 08164EAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    270000 | PA      | $273733.78    | 0.07%             | 2058-10-18      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FHR 5105 LA                                            | CUSIP: 3137H0A40<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    402054 | PA      | $393741.69    | 0.10%             | 2044-04-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| MFA 2021-INV2 TRUST                                                                  | MFRA 2021-INV2 A1                                      | CUSIP: 552732AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    191648 | PA      | $173777.61    | 0.04%             | 2056-11-25      | Variable      | 1.91%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V2.475 01/21/28                                     | CUSIP: 61747YEK7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1719000 | PA      | $1692056.86   | 0.43%             | 2028-01-21      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| GE Vernova Inc.                                                                      | GEV 4.25 02/04/31                                      | CUSIP: 36828AAA9<br>LEI: 254900DP080RU6OK2553 | Long             | DBT              | CORP              | US        |    525000 | PA      | $519035.81    | 0.13%             | 2031-02-04      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST 2023-REV1                                               | FORDR 2023-1 A                                         | CUSIP: 34535QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1380000 | PA      | $1394330.06   | 0.35%             | 2035-08-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BATSLN 6.343 08/02/30                                  | CUSIP: 054989AA6<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    414000 | PA      | $441936.60    | 0.11%             | 2030-08-02      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                        | F 7.35 11/04/27                                        | CUSIP: 345397C35<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    470000 | PA      | $485062.27    | 0.12%             | 2027-11-04      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AR3933                                              | CUSIP: 3138W1LP0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5470 | PA      | $5382.13      | 0.00%             | 2028-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CSMC TRUST 2022-ATH1                                                                 | CSMC 2022-ATH1 A1A                                     | CUSIP: 12660BAM3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    180990 | PA      | $176728.33    | 0.04%             | 2067-01-25      | Variable      | 3.87%                 | No            |                  2 | On Loan: No      |
| ELFI GRADUATE LOAN PROGRAM 2022-A LLC                                                | ELFI 2022-A A                                          | CUSIP: 28628CAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    360548 | PA      | $352404.39    | 0.09%             | 2047-08-26      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                                  | FITB V4.566 04/29/32                                   | CUSIP: 316773DN7<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    240000 | PA      | $235260.14    | 0.06%             | 2032-04-29      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| COLLEGE AVENUE STUDENT LOANS 2023-A LLC                                              | CASL 2023-A A1                                         | CUSIP: 193938AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    330919 | PA      | $336555.76    | 0.09%             | 2055-05-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                                                      | EQT 5 01/15/29                                         | CUSIP: 26884LAL3<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    188000 | PA      | $189118.28    | 0.05%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sovereign ComlMtg                                                                    | SGCMS 2016-C5 A3                                       | CUSIP: 78419CAC8<br>LEI: 549300SZQW4U3UN4A157 | Long             | ABS-O            | CORP              | US        |    526432 | PA      | $525678.84    | 0.13%             | 2048-10-13      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST 2024-REV1                                               | FORDR 2024-1 A                                         | CUSIP: 34533BAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1288000 | PA      | $1306642.51   | 0.33%             | 2036-08-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| Uber Technologies Inc                                                                | UBER 4.5 08/15/29 144A                                 | CUSIP: 90353TAK6<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1115469.11   | 0.28%             | 2029-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SG RESIDENTIAL MORTGAGE TRUST 2026-2                                                 | SGR 2026-2 A1                                          | CUSIP: 78438NAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    170000 | PA      | $169843.44    | 0.04%             | 2066-04-25      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                          | 5-Year T-Note Futures, Jun-2026,ETH                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -597 | NC      | $684129.06    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 4.3 01/15/31                                      | CUSIP: 11135FCZ2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    190000 | PA      | $188367.43    | 0.05%             | 2031-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| CONE TRUST 2024-DFW1                                                                 | CONE 2024-DFW1 A                                       | CUSIP: 20682AAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $188634.38    | 0.05%             | 2041-08-15      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| COLT 2025-4 MORTGAGE LOAN TRUST                                                      | COLT 2025-4 A1                                         | CUSIP: 12674HAA0<br>LEI: 2138002WIT3BHLQD3E93 | Long             | ABS-O            | CORP              | US        |    406198 | PA      | $409078.39    | 0.10%             | 2070-04-25      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB6366                                              | CUSIP: 3140QSCC3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     65622 | PA      | $65572.57     | 0.02%             | 2038-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BM1422                                              | CUSIP: 3140J5SL4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     48054 | PA      | $46214.10     | 0.01%             | 2032-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                          | 10-Year T-Note Futures, Jun-2026,ETH                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -44 | NC      | $101281.88    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| HOMES 2025-NQM2 TRUST                                                                | HOMES 2025-NQM2 A1                                     | CUSIP: 403966AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    356932 | PA      | $357586.30    | 0.09%             | 2070-02-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| Applovin Corp.                                                                       | APP 5.125 12/01/29                                     | CUSIP: 03831WAB4<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |   2118000 | PA      | $2130289.25   | 0.54%             | 2029-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2018-1                                                     | TPMT 2018-1 A1                                         | CUSIP: 89176EAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     31909 | PA      | $31754.15     | 0.01%             | 2058-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                   | BX 2024-MF B                                           | CUSIP: 05612EAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    123964 | PA      | $123924.90    | 0.03%             | 2039-02-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AS8386                                              | CUSIP: 3138WJJ82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    330746 | PA      | $318587.44    | 0.08%             | 2031-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                          | ABBV 4.8 03/15/29                                      | CUSIP: 00287YDS5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    304000 | PA      | $308884.33    | 0.08%             | 2029-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CNH EQUIPMENT TRUST 2024-C                                                           | CNH 2024-C A3                                          | CUSIP: 18978GAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    203000 | PA      | $202649.78    | 0.05%             | 2030-01-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| BSTN COMMERCIAL MORTGAGE TRUST 2025-1C                                               | BSTN 2025-HUB A                                        | CUSIP: 05594GAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $149807.25    | 0.04%             | 2041-04-15      | Variable      | 4.57%                 | No            |                  2 | On Loan: No      |
| CD 2017-CD5 MORTGAGE TRUST                                                           | CD 2017-CD5 A4                                         | CUSIP: 12515HAZ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    525000 | PA      | $517022.84    | 0.13%             | 2050-08-17      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| CHASE HOME LENDING MTG TR 2025-3                                                     | CHASE 2025-3 A11                                       | CUSIP: 16160MAX1<br>LEI: 529900HBZNCZRSLIS225 | Long             | ABS-O            | CORP              | US        |    450026 | PA      | $448971.81    | 0.11%             | 2056-02-25      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| ACRA 2024-NQM1                                                                       | ACRA 2024-NQM1 A1                                      | CUSIP: 00112EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    306639 | PA      | $307415.37    | 0.08%             | 2064-10-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                                                      | EQT 4.5 01/15/29                                       | CUSIP: 26884LAX7<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    249000 | PA      | $248417.63    | 0.06%             | 2029-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Progress Residential 2021-SFR10 Trust                                                | PROG 2021-SFR10 A                                      | CUSIP: 74333WAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    432411 | PA      | $409319.94    | 0.10%             | 2040-12-19      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V5.173 01/16/30                                     | CUSIP: 61747YFK6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    330000 | PA      | $334641.35    | 0.08%             | 2030-01-16      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                                        | ENBCN 5.25 04/05/27                                    | CUSIP: 29250NCA1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    174000 | PA      | $175453.51    | 0.04%             | 2027-04-05      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 3.5 09/01/30                                       | CUSIP: 404119CA5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    591000 | PA      | $561237.93    | 0.14%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Vici Properties Inc                                                                  | VICI 5.75 02/01/27 144A                                | CUSIP: 92564RAJ4<br>LEI: 254900RKH6RY9KCJQH63 | Long             | DBT              | CORP              | US        |    680000 | PA      | $683913.53    | 0.17%             | 2027-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Citibank, N.A.                                                                       | C 4.914 05/29/30 .                                     | CUSIP: 17325FBP2<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    375000 | PA      | $380846.12    | 0.10%             | 2030-05-29      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Eversource Energy                                                                    | ES 4.75 05/15/26                                       | CUSIP: 30040WAV0<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    285000 | PA      | $285153.16    | 0.07%             | 2026-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FH 849790                                              | CUSIP: 31300M2X0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     73099 | PA      | $75535.07     | 0.02%             | 2045-03-01      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| FS RIALTO 2026-FL11 ISSUER LLC                                                       | FSRIA 2026-FL11 A                                      | CUSIP: 30343TAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    385000 | PA      | $383759.57    | 0.10%             | 2044-01-19      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                                               | FABSJV 5.5 01/25/31                                    | CUSIP: 350930AF0<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    390000 | PA      | $398219.26    | 0.10%             | 2031-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                        | F 5.875 11/07/29                                       | CUSIP: 345397G49<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    400000 | PA      | $404996.18    | 0.10%             | 2029-11-07      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Merck & Co., Inc                                                                     | MRK 4.15 03/15/31                                      | CUSIP: 58933YBX2<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    230000 | PA      | $227429.31    | 0.06%             | 2031-03-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| American Tower Corporation                                                           | AMT 5.8 11/15/28                                       | CUSIP: 03027XCE8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    361000 | PA      | $372284.78    | 0.09%             | 2028-11-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR11                                                                     | BANK5 2024-5YR11 A3                                    | CUSIP: 06644WBD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    195000 | PA      | $202434.69    | 0.05%             | 2057-11-19      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| VICI Properties LP                                                                   | VICI 4.75 02/15/28                                     | CUSIP: 925650AB9<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |    771000 | PA      | $771696.74    | 0.20%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Uber Technologies Inc                                                                | UBER 4.15 01/15/31                                     | CUSIP: 90353TAT7<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    715000 | PA      | $699122.70    | 0.18%             | 2031-01-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Uruguay (Republic Of)                                                                | URUGUA 4.375 01/23/31                                  | CUSIP: 917288BK7<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |         3 | PA      | $3.00         | 0.00%             | 2031-01-23      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Csail 2016-C6 Commercial Mortg                                                       | CSAIL 2016-C6 XA                                       | CUSIP: 12636MAG3<br>LEI: 549300C2HE5FJAWYZL57 | Long             | ABS-O            | CORP              | US        |    199968 | PA      | $2.00         | 0.00%             | 2049-01-15      | Variable      | 1.71%                 | No            |                  2 | On Loan: No      |
| TOYOTA AUTO RECEIVABLES 2023-C OWNER TRUST                                           | TAOT 2023-C A3                                         | CUSIP: 89231FAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    161374 | PA      | $162105.54    | 0.04%             | 2028-04-17      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS0451                                              | CUSIP: 3140XFQD6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     92873 | PA      | $90156.33     | 0.02%             | 2035-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 4.2 03/15/28                                      | CUSIP: 161175BK9<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    813000 | PA      | $805899.71    | 0.20%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| VANTAGE DATA CENTERS ISSUER LLC                                                      | VDC 2025-2A A2                                         | CUSIP: 92212KAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    166000 | PA      | $163481.13    | 0.04%             | 2055-11-15      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| AUTONATION FINANCE TRUST 2025-1                                                      | DRVPNK 2025-1A A3                                      | CUSIP: 05330QAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     55000 | PA      | $55243.82     | 0.01%             | 2029-11-13      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V4.542 09/19/30                                      | CUSIP: 17327CAT0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    525000 | PA      | $523178.43    | 0.13%             | 2030-09-19      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| SLG OFFICE TRUST 2026-PAT                                                            | SLG 2026-PAT C                                         | CUSIP: 78451CAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $98569.65     | 0.02%             | 2039-02-15      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| LEX TRUST 2026-450                                                                   | LEXT 2026-450 D                                        | CUSIP: 501970AG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    239000 | PA      | $236832.03    | 0.06%             | 2043-03-16      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| Salesforce Inc.                                                                      | CRM 4.9 09/15/31                                       | CUSIP: 79466LAS3<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    410000 | PA      | $409419.32    | 0.10%             | 2031-09-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                   | BX 2024-CNYN A                                         | CUSIP: 05612HAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     94182 | PA      | $94213.71     | 0.02%             | 2041-04-15      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Equinix, Inc.                                                                        | EQIX 3.2 11/18/29                                      | CUSIP: 29444UBE5<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |    555000 | PA      | $528411.41    | 0.13%             | 2029-11-18      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                                   | MO 4.875 02/04/28                                      | CUSIP: 02209SBS1<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     98000 | PA      | $98810.06     | 0.02%             | 2028-02-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                             | VST 3.7 01/30/27 144A                                  | CUSIP: 92840VAG7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    265000 | PA      | $262575.25    | 0.07%             | 2027-01-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                          | 2-Year T-Note Futures, Jun-2026,ETH                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      1007 | NC      | $-1358643.00  | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| Chase Issuance Trust                                                                 | CHAIT 2025-A1 A                                        | CUSIP: 161571HZ0<br>LEI: 5493008SHVCX2Y068L12 | Long             | ABS-O            | CORP              | US        |   1728000 | PA      | $1732395.51   | 0.44%             | 2030-07-15      | Fixed         | 4.16%                 | No            |                  2 | On Loan: No      |
| American Tower Corporation                                                           | AMT 5 01/31/30                                         | CUSIP: 03027XCL2<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    229000 | PA      | $231669.24    | 0.06%             | 2030-01-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MCR Trust 2024-Hf1                                                                   | MCR 2024-HF1 A                                         | CUSIP: 55287FAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     90240 | PA      | $90240.33     | 0.02%             | 2041-12-16      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 0.875 09/30/26                                       | CUSIP: 91282CCZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $19718281.20  | 4.99%             | 2026-09-30      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust 2020-3                                           | STAR 2020-3 A1                                         | CUSIP: 85573MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     51553 | PA      | $50650.22     | 0.01%             | 2065-04-25      | Variable      | 1.49%                 | No            |                  2 | On Loan: No      |
| Capital One Multi Asset Execution Trust                                              | COMET 2019-A3 A3                                       | CUSIP: 14041NFV8<br>LEI: R42WS16M9R97TJJKGU15 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1985434.40   | 0.50%             | 2028-08-15      | Fixed         | 2.06%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA3310                                              | CUSIP: 31418CVC5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     94531 | PA      | $92585.92     | 0.02%             | 2038-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BMO 2024-5C6 MORTGAGE TRUST                                                          | BMO 2024-5C6 A3                                        | CUSIP: 05593QAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    330000 | PA      | $335835.49    | 0.08%             | 2057-09-17      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| UPX HIL 2025-1 ISSUER TRUST                                                          | UPXHI 2025-1 A                                         | CUSIP: 916925AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    148239 | PA      | $147623.39    | 0.04%             | 2047-01-25      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG G18659                                              | CUSIP: 3128MMWV1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    158641 | PA      | $154354.73    | 0.04%             | 2032-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AL7433                                              | CUSIP: 3138EQHK1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     84192 | PA      | $87313.72     | 0.02%             | 2044-07-01      | Variable      | 6.37%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                     | NRG 4.734 10/15/30 144A                                | CUSIP: 629377DA7<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    295000 | PA      | $292131.57    | 0.07%             | 2030-10-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2022-1                                                    | VERUS 2022-1 A1                                        | CUSIP: 92538WAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    117208 | PA      | $110693.51    | 0.03%             | 2067-01-25      | Variable      | 3.72%                 | No            |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION LOAN TRUST 2020-I                                          | NAVSL 2020-IA A1A                                      | CUSIP: 63942AAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    479533 | PA      | $439898.72    | 0.11%             | 2069-04-15      | Fixed         | 1.33%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                          | COF V1.878 11/02/27                                    | CUSIP: 14040HCH6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    488000 | PA      | $479936.11    | 0.12%             | 2027-11-02      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Public Service Enterprise Group Incorporated                                         | PEG 4.9 03/15/30                                       | CUSIP: 744573BA3<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    212000 | PA      | $214103.85    | 0.05%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Bunker Hill Loan Depositary Trust 2019-3                                             | BHLD 2019-3 A1                                         | CUSIP: 12062BAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     39197 | PA      | $39035.35     | 0.01%             | 2059-11-25      | Variable      | 2.72%                 | No            |                  2 | On Loan: No      |
| INTOWN 2025-STAY MORTGAGE TRUST                                                      | TOWN 2025-STAY A                                       | CUSIP: 46117WAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    299000 | PA      | $298252.50    | 0.08%             | 2042-03-17      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust 2024-2                                            | RMIT 2024-2 A                                          | CUSIP: 75907AAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100383.67    | 0.03%             | 2033-12-15      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Oman (Sultanate Of)                                                                  | OMAN 6.75 10/28/27 144A                                | CUSIP: 68205LAD5<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    360000 | PA      | $369680.40    | 0.09%             | 2027-10-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BFLD COMMERCIAL MORTGAGE TRUST 2025-5MW                                              | BFLD 2025-5MW B                                        | CUSIP: 088921AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    378000 | PA      | $377122.55    | 0.10%             | 2042-10-10      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL REVOLVING RECEIVABLES TRUST 2023-2                                      | GMREV 2023-2 A                                         | CUSIP: 36268DAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1904000 | PA      | $1969628.79   | 0.50%             | 2036-08-11      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AS7058                                              | CUSIP: 3138WGZY3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3509 | PA      | $3422.87      | 0.00%             | 2031-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING 2023-2 LLC                                                | EFF 2023-2 A2                                          | CUSIP: 29375NAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    162034 | PA      | $162654.02    | 0.04%             | 2030-04-20      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG G30963                                              | CUSIP: 3132J4JH3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     23294 | PA      | $22912.04     | 0.01%             | 2036-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Micron Technology Inc.                                                               | MU 5.3 01/15/31                                        | CUSIP: 595112CD3<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    430000 | PA      | $450087.65    | 0.11%             | 2031-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                             | VST 5.05 12/30/26 144A                                 | CUSIP: 92840VAT9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120362.76    | 0.03%             | 2026-12-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Equinix, Inc.                                                                        | EQIX 2 05/15/28                                        | CUSIP: 29444UBR6<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |     89000 | PA      | $84723.87     | 0.02%             | 2028-05-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                                                  | D 5 06/15/30                                           | CUSIP: 25746UDW6<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    229000 | PA      | $232073.66    | 0.06%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TRUST 2025-X2                                            | AFFRM 2025-X2 A                                        | CUSIP: 00835DAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    212828 | PA      | $212984.96    | 0.05%             | 2030-10-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| GOODLEAP SUSTAINABLE HOME SOLUTIONS TRUST 2022-1                                     | GOOD 2022-1GS A                                        | CUSIP: 38237JAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     81472 | PA      | $70036.92     | 0.02%             | 2049-01-20      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V4.623 05/09/29                                    | CUSIP: 06051GMT3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    766000 | PA      | $769330.19    | 0.19%             | 2029-05-09      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                             | VST 4.3 10/15/28 144A                                  | CUSIP: 92840VAX0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    400000 | PA      | $395206.24    | 0.10%             | 2028-10-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST 2024-A                                                  | FORDO 2024-A A3                                        | CUSIP: 34535EAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1472509 | PA      | $1482585.17   | 0.37%             | 2028-12-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST 2024-HYB1                                                     | SEMT 2024-HYB1 A1A                                     | CUSIP: 81749EAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    328603 | PA      | $328103.92    | 0.08%             | 2063-11-25      | Variable      | 4.44%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.                                   | NRUC 4.75 02/07/28                                     | CUSIP: 63743HFW7<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |     29000 | PA      | $29214.69     | 0.01%             | 2028-02-07      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG New York Branch                                                     | DB V5.373 01/10/29 .                                   | CUSIP: 25160PAQ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    336000 | PA      | $339869.49    | 0.09%             | 2029-01-10      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank, National Association (Utah)                                     | MS V4.968 07/14/28 BKNT                                | CUSIP: 61690U8E3<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |    765000 | PA      | $769537.35    | 0.19%             | 2028-07-14      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Sabine Pass Liquefaction, LLC                                                        | SPLLLC 5 03/15/27                                      | CUSIP: 785592AS5<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    101000 | PA      | $101189.04    | 0.03%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust A                                           | FORDF 2023-1 A2                                        | CUSIP: 34528QHW7<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |   1785000 | PA      | $1787038.83   | 0.45%             | 2028-05-15      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| DELL EQUIPMENT FINANCE TRUST 2025-1                                                  | DEFT 2025-1 A2                                         | CUSIP: 24703UAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    185651 | PA      | $185954.35    | 0.05%             | 2027-07-22      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| KUBOTA CREDIT OWNER TRUST 2025-1                                                     | KCOT 2025-1A A2                                        | CUSIP: 50117FAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    152355 | PA      | $152712.08    | 0.04%             | 2027-12-15      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| ARES TRUST 2025-IND3                                                                 | ARES1 2025-IND3 A                                      | CUSIP: 039955AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $300000.00    | 0.08%             | 2042-04-15      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 5.25 03/01/30                                      | CUSIP: 404119CZ0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    500000 | PA      | $510237.40    | 0.13%             | 2030-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2024-AIRC                                               | BX 2024-AIRC B                                         | CUSIP: 12433CAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    286193 | PA      | $286461.19    | 0.07%             | 2041-08-15      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V5.574 07/25/29 MTN                                | CUSIP: 95000U3E1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    480000 | PA      | $491026.82    | 0.12%             | 2029-07-25      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust 2021-A                                              | SMB 2021-A A2A1                                        | CUSIP: 78448YAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    524215 | PA      | $519244.12    | 0.13%             | 2053-01-15      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| PRPM 2024-RCF1 LLC                                                                   | PRPM 2024-RCF1 A1                                      | CUSIP: 693581AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     73274 | PA      | $72311.87     | 0.02%             | 2054-01-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc                                                         | TMO 4.215 02/12/31                                     | CUSIP: 883556DG4<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123686.76    | 0.03%             | 2031-02-12      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust 2019-Brook                    | JPMCC 2019-BKWD A                                      | CUSIP: 46591JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     93082 | PA      | $90289.86     | 0.02%             | 2029-09-17      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Private Bank National Association                                     | MS V4.204 11/17/28                                     | CUSIP: 61776NZU0<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |    275000 | PA      | $274047.64    | 0.07%             | 2028-11-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| AS MILEAGE PLAN IP LTD                                                               | ALK 5.021 10/20/29 144A                                | CUSIP: 00218QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    545000 | PA      | $539490.66    | 0.14%             | 2029-10-20      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                           | AMGN 4.05 08/18/29                                     | CUSIP: 031162DH0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    482000 | PA      | $477487.35    | 0.12%             | 2029-08-18      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| BOFA AUTO TRUST 2025-1                                                               | BAAT 2025-1A A3                                        | CUSIP: 05594BAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    253000 | PA      | $253721.48    | 0.06%             | 2029-11-20      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2023-DSC1                                                   | JPMMT 2023-DSC1 A1                                     | CUSIP: 46656NAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    296125 | PA      | $288005.44    | 0.07%             | 2063-07-25      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 2.1 08/01/27                                       | CUSIP: 694308JF5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    159000 | PA      | $154097.20    | 0.04%             | 2027-08-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BATSLN 5.834 02/20/31                                  | CUSIP: 05526DBY0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    260000 | PA      | $272084.28    | 0.07%             | 2031-02-20      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| FS RIALTO 2021-FL2 ISSUER LTD                                                        | FSRIA 2021-FL2 A                                       | CUSIP: 30319YAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     61149 | PA      | $60861.98     | 0.02%             | 2038-05-18      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| Sabine Pass Liquefaction, LLC                                                        | SPLLLC 4.5 05/15/30                                    | CUSIP: 785592AX4<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    404000 | PA      | $401066.81    | 0.10%             | 2030-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2025-CES1                                            | BRAVO 2025-NQM3 A1                                     | CUSIP: 105927AC1<br>LEI: 254900AZU85EXAPTTF77 | Long             | ABS-O            | CORP              | US        |    113547 | PA      | $114028.34    | 0.03%             | 2065-03-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| Texas Commercial Mortgage Trust 2025-Twr                                             | TEXAS 2025-TWR A                                       | CUSIP: 88231WAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    327000 | PA      | $325160.63    | 0.08%             | 2042-04-15      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V4.654 10/18/30                                     | CUSIP: 61747YFU4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    375000 | PA      | $374845.35    | 0.09%             | 2030-10-18      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2016-Lc24                                      | WFCM 2016-LC24 A3                                      | CUSIP: 95000HBE1<br>LEI: 5493007OD9MH69ES1S63 | Long             | ABS-O            | CORP              | US        |    606427 | PA      | $603855.87    | 0.15%             | 2049-10-18      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V4.643 05/07/28                                      | CUSIP: 172967PZ8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1771000 | PA      | $1773929.75   | 0.45%             | 2028-05-07      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                 | GLENLN 6.125 10/06/28 144A                             | CUSIP: 378272BN7<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    423000 | PA      | $437769.89    | 0.11%             | 2028-10-06      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Whitebox CLO I Ltd.                                                                  | WBOX 2019-1A A1R3                                      | CUSIP: 96467FBJ8<br>LEI: 549300E4AC0513DYO913 | Long             | ABS-CBDO         | CORP              | KY        |    410000 | PA      | $409138.71    | 0.10%             | 2037-01-26      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AS9327                                              | CUSIP: 3138WKLH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    354343 | PA      | $344317.80    | 0.09%             | 2032-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PRODIGY FINANCE CM2021-1 DESIGNATED                                                  | PRDGY 2021-1A A                                        | CUSIP: 742855AA7<br>LEI: 635400HTAZNW3LYYMQ40 | Long             | ABS-O            | CORP              | IE        |     25996 | PA      | $25933.18     | 0.01%             | 2051-07-25      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust 2024-1                                                      | FFIN 2024-1A A                                         | CUSIP: 349941AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    228025 | PA      | $232445.43    | 0.06%             | 2049-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM2743                                              | CUSIP: 3140X6BM2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    340082 | PA      | $330408.91    | 0.08%             | 2034-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp                                                                   | PFSFC 2025-B A                                         | CUSIP: 69335PFU4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    738000 | PA      | $744559.64    | 0.19%             | 2030-02-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 0.75 08/31/26                                        | CUSIP: 91282CCW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19050000 | PA      | $18814851.56  | 4.76%             | 2026-08-31      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.375 08/15/26                                       | CUSIP: 91282CHU8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1002132.81   | 0.25%             | 2026-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA3285                                              | CUSIP: 3140QAUK4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    245233 | PA      | $243775.61    | 0.06%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SANTANDER MORTGAGE ASSET RECEIVABLE TRUST 2025-NQM2                                  | SAN 2025-NQM2 A1                                       | CUSIP: 802638AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    288971 | PA      | $290612.33    | 0.07%             | 2065-02-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust A                                           | FORDF 2018-4 A                                         | CUSIP: 34528PAK2<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |    907000 | PA      | $900447.47    | 0.23%             | 2030-11-15      | Fixed         | 4.06%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | FHLB 2.06 09/27/29                                     | CUSIP: 3130AH6Y4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $939812.06    | 0.24%             | 2029-09-27      | Fixed         | 2.06%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                                                            | RTX 3.5 03/15/27                                       | CUSIP: 75513ECH2<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    470000 | PA      | $466661.87    | 0.12%             | 2027-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NXP B V / NXP Funding LLC & NXP USA Inc                                              | NXPI 3.4 05/01/30                                      | CUSIP: 62954HAY4<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | NL        |     12000 | PA      | $11422.93     | 0.00%             | 2030-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| OBX 2022-INV3 TRUST                                                                  | OBX 2022-INV3 A1                                       | CUSIP: 67116EAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    162998 | PA      | $141563.75    | 0.04%             | 2052-02-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Global Payments Inc                                                                  | GPN 4.8 04/01/26                                       | CUSIP: 891906AC3<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    178000 | PA      | $178000.00    | 0.05%             | 2026-04-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust 2023-A                                                | HART 2023-A A3                                         | CUSIP: 448979AD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     22856 | PA      | $22859.87     | 0.01%             | 2027-04-15      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| American Tower Corporation                                                           | AMT 3.55 07/15/27                                      | CUSIP: 03027XAP5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    516000 | PA      | $510476.26    | 0.13%             | 2027-07-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRU                                                       | Sofi Consumer Loan Program 2026-B Trust                | CUSIP: 83407MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    947000 | PA      | $946916.57    | 0.24%             | 2036-02-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2022-2                                                      | AOMT 2022-2 A1                                         | CUSIP: 03464PAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    234658 | PA      | $224388.75    | 0.06%             | 2067-01-25      | Variable      | 4.04%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2024-C                                              | SMB 2024-C A1A                                         | CUSIP: 83206EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    906455 | PA      | $923927.21    | 0.23%             | 2052-06-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2024-2                                                      | JPMMT 2024-2 A3                                        | CUSIP: 46657TAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     52908 | PA      | $53238.92     | 0.01%             | 2054-08-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST 2025-REV2                                               | FORDR 2025-2 A                                         | CUSIP: 34536BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1870000 | PA      | $1865220.47   | 0.47%             | 2038-02-15      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2026-1                                                    | VERUS 2026-1 A1                                        | CUSIP: 92541JAF8<br>LEI: 2138009KJR7Q44BI8668 | Long             | ABS-O            | CORP              | US        |    363573 | PA      | $361712.32    | 0.09%             | 2071-01-25      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2024-A                                              | SMB 2024-A A1B                                         | CUSIP: 831943AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    226296 | PA      | $228193.51    | 0.06%             | 2056-03-15      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG G15602                                              | CUSIP: 3128MENT4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     25898 | PA      | $25659.44     | 0.01%             | 2027-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Cross 2026 NQM2 Mortgage Trust                                                       | CROSS 2026-NQM4 A1                                     | CUSIP: 22758FAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    607561 | PA      | $607556.02    | 0.15%             | 2071-04-25      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| GLP Capital L.P. and GLP Financing II, Inc.                                          | GLPI 5.3 01/15/29                                      | CUSIP: 361841AL3<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |    610000 | PA      | $615290.53    | 0.16%             | 2029-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ELM TRUST 2024-ELM                                                                   | ELM 2024-ELM A10                                       | CUSIP: 26860XAU5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    730000 | PA      | $731439.93    | 0.18%             | 2039-06-10      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AL6870                                              | CUSIP: 3138EPT46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     49380 | PA      | $51675.05     | 0.01%             | 2045-06-01      | Variable      | 6.44%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SB0623                                              | CUSIP: 3132CWVQ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    324855 | PA      | $307350.84    | 0.08%             | 2037-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2022-2                                      | COPAR 2022-2 A3                                        | CUSIP: 14043GAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     62420 | PA      | $62406.50     | 0.02%             | 2027-05-17      | Fixed         | 3.66%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA3071                                              | CUSIP: 31418CMV3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    112348 | PA      | $110177.98    | 0.03%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOFI PROFESSIONAL LOAN PROGRAM 2020-C TRUST                                          | SOFI 2020-C AFX                                        | CUSIP: 83390UAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    154640 | PA      | $145595.63    | 0.04%             | 2046-02-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2016-1                                                     | TPMT 2016-2 M1                                         | CUSIP: 89172PAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    112748 | PA      | $111603.26    | 0.03%             | 2055-08-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| BMO 2025-C11 MORTGAGE TRUST                                                          | BMO 2025-C11 A5                                        | CUSIP: 05613XAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    216000 | PA      | $224890.58    | 0.06%             | 2058-02-15      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                   | BX 2024-BIO A                                          | CUSIP: 05612AAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    626000 | PA      | $624430.31    | 0.16%             | 2041-02-15      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                        | F 4.97 04/06/29                                        | CUSIP: 345397J20<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    235000 | PA      | $232100.67    | 0.06%             | 2029-04-06      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| BFLD TRUST 2025-FPM                                                                  | BFLD 2025-FPM B                                        | CUSIP: 05556HAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $191018.63    | 0.05%             | 2040-10-10      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| SFS AUTO RECEIVABLES SECURITIZATION TRUST 2025-2                                     | SFAST 2025-2A A3                                       | CUSIP: 78398HAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    656000 | PA      | $657929.95    | 0.17%             | 2030-12-20      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2025-DSC2                                        | GSMBS 2025-DSC2 A1                                     | CUSIP: 36275JAC4<br>LEI: 254900Y4XCLF0D6VBG48 | Long             | ABS-O            | CORP              | US        |    227368 | PA      | $226705.07    | 0.06%             | 2066-01-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS 3.95 04/23/27                                       | CUSIP: 61761JZN2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    720000 | PA      | $715732.70    | 0.18%             | 2027-04-23      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| COLLEGE AVENUE STUDENT LOANS 2021-B LLC                                              | CASL 2021-B A1                                         | CUSIP: 19425AAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    132860 | PA      | $131191.64    | 0.03%             | 2052-06-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| Sabine Pass Liquefaction, LLC                                                        | SPLLLC 4.2 03/15/28                                    | CUSIP: 785592AU0<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    748000 | PA      | $744894.24    | 0.19%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FHR 4941 MB                                            | CUSIP: 3137FQTC7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    210040 | PA      | $188296.19    | 0.05%             | 2049-07-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2025-2                                                      | AOMT 2025-2 A1                                         | CUSIP: 03466QAA1<br>LEI: 254900DKH168ZWJSMI96 | Long             | ABS-O            | CORP              | US        |    187399 | PA      | $188289.63    | 0.05%             | 2070-02-25      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| Bx Trust 2025-OMG                                                                    | BX 2025-OMG A                                          | CUSIP: 05619HAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    257000 | PA      | $256357.50    | 0.06%             | 2042-10-15      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| American Tower Corporation                                                           | AMT 3.65 03/15/27                                      | CUSIP: 03027XBV1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    531000 | PA      | $527143.38    | 0.13%             | 2027-03-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MTG TR 2025-7                                                              | AOMT 2025-7 A1                                         | CUSIP: 03466TAA5<br>LEI: 254900QTRHHMG5RQ9X60 | Long             | ABS-O            | CORP              | US        |    703868 | PA      | $706208.27    | 0.18%             | 2070-06-25      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| TCO Commercial Mortgage Trust 2024-DPM                                               | TCO 2024-DPM A                                         | CUSIP: 87231EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    185000 | PA      | $184710.94    | 0.05%             | 2039-12-15      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| BFLD TRUST 2025-FPM                                                                  | BFLD 2025-FPM A                                        | CUSIP: 05556HAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    161000 | PA      | $161559.02    | 0.04%             | 2040-10-10      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| LBA TRUST 2024-7IND                                                                  | LBA 2024-7IND A                                        | CUSIP: 52109XAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    234363 | PA      | $234216.92    | 0.06%             | 2041-10-15      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                 | GLENLN 4.907 04/01/28 144A                             | CUSIP: 378272BY3<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    133000 | PA      | $134001.90    | 0.03%             | 2028-04-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| SOFI PERSONAL LOAN TRUST 2023-1                                                      | SPLT 2023-1A A                                         | CUSIP: 78474NAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     57160 | PA      | $57477.79     | 0.01%             | 2030-11-12      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CSMC TRUST 2015-3                                                                    | CSMC 2015-3 A9                                         | CUSIP: 12649XAQ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     62036 | PA      | $58355.62     | 0.01%             | 2045-03-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V4.979 01/24/29                                    | CUSIP: 06051GMK2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    690000 | PA      | $695375.71    | 0.18%             | 2029-01-24      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2025-NQM3                                                   | JPMMT 2025-NQM3 A1                                     | CUSIP: 46659QAC3<br>LEI: 529900HDRKAITSFGZ261 | Long             | ABS-O            | CORP              | US        |    214523 | PA      | $215197.91    | 0.05%             | 2065-11-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                                  | SYF V5.935 08/02/30                                    | CUSIP: 87165BAV5<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    115000 | PA      | $116845.16    | 0.03%             | 2030-08-02      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| LYB International Finance III LLC                                                    | LYB 5.125 01/15/31                                     | CUSIP: 50249AAQ6<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |    105000 | PA      | $105127.74    | 0.03%             | 2031-01-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST 2025-10                                                       | SEMT 2025-10 A26F                                      | CUSIP: 81750CBB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    502203 | PA      | $503797.92    | 0.13%             | 2055-11-25      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2019-C5                                                         | BBCMS 2019-C5 ASB                                      | CUSIP: 05492JAU6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    165771 | PA      | $162894.04    | 0.04%             | 2052-11-18      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FHR 5000 MA                                            | CUSIP: 3137FVGA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    159791 | PA      | $150126.14    | 0.04%             | 2044-06-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ARI FLEET LEASE TRUST 2024-A                                                         | ARIFL 2024-A A2                                        | CUSIP: 00218KAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     82678 | PA      | $83066.23     | 0.02%             | 2032-11-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Humana Inc.                                                                          | HUM 5.75 03/01/28                                      | CUSIP: 444859BU5<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    124000 | PA      | $126434.01    | 0.03%             | 2028-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V6.204 11/10/28                                    | CUSIP: 06051GLC1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    474000 | PA      | $486937.05    | 0.12%             | 2028-11-10      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| GOODLEAP SUSTAINABLE HOME SOLUTIONS TRUST 2021-5                                     | GOOD 2021-5CS A                                        | CUSIP: 38237HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     44505 | PA      | $35604.25     | 0.01%             | 2048-10-20      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA2734                                              | CUSIP: 3140QABC3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21852 | PA      | $21040.78     | 0.01%             | 2033-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| REGIONAL MANAGEMENT ISSUANCE TRUST 2024-1                                            | RMIT 2024-1 A                                          | CUSIP: 758983AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    103000 | PA      | $104426.44    | 0.03%             | 2036-07-15      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| MMAF EQUIPMENT FINANCE 2024-A LLC                                                    | MMAF 2024-A A3                                         | CUSIP: 55318CAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    149650 | PA      | $151067.77    | 0.04%             | 2031-07-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2024-94 FB                                         | CUSIP: 3136BTK44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    226305 | PA      | $228146.41    | 0.06%             | 2054-12-25      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM1800                                              | CUSIP: 3140X5AA1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    966746 | PA      | $926168.59    | 0.23%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Vici Properties Inc                                                                  | VICI 4.5 09/01/26 144A                                 | CUSIP: 92564RAH8<br>LEI: 254900RKH6RY9KCJQH63 | Long             | DBT              | CORP              | US        |    533000 | PA      | $532376.96    | 0.13%             | 2026-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                   | EIX 5.65 10/01/28                                      | CUSIP: 842400HY2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     77000 | PA      | $78877.71     | 0.02%             | 2028-10-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| EOG Resources Inc.                                                                   | EOG 4.4 01/15/31                                       | CUSIP: 26875PBB6<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    220000 | PA      | $218432.79    | 0.06%             | 2031-01-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V4.979 07/22/28                                    | CUSIP: 46647PEL6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1002000 | PA      | $1008734.85   | 0.26%             | 2028-07-22      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| MFA 2025-NQM2 TRUST                                                                  | MFRA 2025-NQM2 A1                                      | CUSIP: 55287MAA7<br>LEI: 254900SDE8K3K1E63161 | Long             | ABS-O            | CORP              | US        |    296667 | PA      | $298005.84    | 0.08%             | 2070-05-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 3.875 10/27/28                                      | CUSIP: 718172DX4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    151000 | PA      | $149721.17    | 0.04%             | 2028-10-27      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Equinix, Inc.                                                                        | EQIX 1.55 03/15/28                                     | CUSIP: 29444UBL9<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |    195000 | PA      | $184592.07    | 0.05%             | 2028-03-15      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| M&T BANK RV TRUST 2026-1                                                             | MTBRV 2026-1A A                                        | CUSIP: 551923AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    224917 | PA      | $222373.01    | 0.06%             | 2046-01-16      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| CD 2017-CD5 MORTGAGE TRUST                                                           | CD 2017-CD5 AAB                                        | CUSIP: 12515HBA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    191028 | PA      | $189813.12    | 0.05%             | 2050-08-17      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| RR 21 LTD                                                                            | RRAM 2022-21A A1AR                                     | CUSIP: 78110TAQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    260000 | PA      | $260144.82    | 0.07%             | 2039-07-15      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Rogers Communications Inc.                                                           | RCICN 2.9 11/15/26                                     | CUSIP: 775109BF7<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |     60000 | PA      | $59401.03     | 0.02%             | 2026-11-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| DELL EQUIPMENT FINANCE TRUST 2025-1                                                  | DEFT 2025-1 A3                                         | CUSIP: 24703UAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    337000 | PA      | $338610.02    | 0.09%             | 2031-02-24      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| Cheniere Corpus Christi Holdings, LLC                                                | CHCOCH 3.7 11/15/29                                    | CUSIP: 16412XAJ4<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |    600000 | PA      | $582931.11    | 0.15%             | 2029-11-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BAY 2025-LIVN MORTGAGE TRUST                                                         | BAY 2025-LIVN A                                        | CUSIP: 072925AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    386000 | PA      | $383950.11    | 0.10%             | 2035-05-15      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| COLT 2023-2 MORTGAGE LOAN TRUST                                                      | COLT 2023-2 A1                                         | CUSIP: 12598UAA4<br>LEI: 213800IHRVKO9R6JZ883 | Long             | ABS-O            | CORP              | US        |     91943 | PA      | $92043.69     | 0.02%             | 2068-07-25      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V5.15 04/23/31                                     | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    429000 | PA      | $436329.86    | 0.11%             | 2031-04-23      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                           | BA 5.15 05/01/30                                       | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    320000 | PA      | $325356.80    | 0.08%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR10                                                                     | BANK5 2024-5YR10 A3                                    | CUSIP: 06604AAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    975000 | PA      | $993434.91    | 0.25%             | 2057-10-17      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                                  | SYF V5.019 07/29/29                                    | CUSIP: 87165BAX1<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    160000 | PA      | $159842.95    | 0.04%             | 2029-07-29      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM 2025-2 TRUST                                              | SCLP 2025-2 A                                          | CUSIP: 83407HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    501315 | PA      | $502944.59    | 0.13%             | 2034-06-25      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2019-73 P                                          | CUSIP: 3136B7PP0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    336999 | PA      | $324747.19    | 0.08%             | 2048-03-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                                                            | RTX 5.75 01/15/29                                      | CUSIP: 75513ECU3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    349000 | PA      | $362053.65    | 0.09%             | 2029-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co.                                                       | HPE 4.6 03/23/29                                       | CUSIP: 42824CCD9<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    440000 | PA      | $439595.69    | 0.11%             | 2029-03-23      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Higley Park Clo Ltd. / Higley Park Clo LLC                                           | HIGPK 2025-1A B1                                       | CUSIP: 43128QAE9<br>LEI: 213800CD95HT8UXDOH68 | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $399696.04    | 0.10%             | 2038-07-26      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Corp.                                                                    | FE 2.65 03/01/30                                       | CUSIP: 337932AL1<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |    295000 | PA      | $273109.00    | 0.07%             | 2030-03-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V4.995 07/22/30                                    | CUSIP: 46647PEJ1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    505000 | PA      | $512169.43    | 0.13%             | 2030-07-22      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                                   | MO 4.5 08/06/30                                        | CUSIP: 02209SBU6<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    368000 | PA      | $366409.89    | 0.09%             | 2030-08-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Uber Technologies Inc                                                                | UBER 4.3 01/15/30                                      | CUSIP: 90353TAN0<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    630000 | PA      | $624692.19    | 0.16%             | 2030-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| HOMES 2023-NQM2 TRUST                                                                | HOMES 2023-NQM2 A1                                     | CUSIP: 43761KAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    530859 | PA      | $529812.64    | 0.13%             | 2068-02-25      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| American Tower Corporation                                                           | AMT 4.9 03/15/30                                       | CUSIP: 03027XCN8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    708000 | PA      | $714393.06    | 0.18%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V6.07 10/22/27                                     | CUSIP: 46647PDW3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    696000 | PA      | $702635.32    | 0.18%             | 2027-10-22      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| Steel Dynamics, Inc.                                                                 | STLD 4 12/15/28                                        | CUSIP: 858119BU3<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |    390000 | PA      | $385762.03    | 0.10%             | 2028-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NYC COMMERCIAL MORTGAGE TRUST 2025-3BP                                               | NYC 2025-3BP A                                         | CUSIP: 67120UAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    179000 | PA      | $177881.25    | 0.04%             | 2042-02-15      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BJ5674                                              | CUSIP: 3140H7JU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26986 | PA      | $26218.03     | 0.01%             | 2033-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Novartis Capital Corporation                                                         | NOVNVX 4.4 03/18/31                                    | CUSIP: 66989HBG2<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    225000 | PA      | $224951.65    | 0.06%             | 2031-03-18      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| GreatAmerica Leasing Receivables Funding LLC                                         | GALC 2025-1 A3                                         | CUSIP: 39154GAJ5<br>LEI: 549300JFP7GIDD4UWO79 | Long             | ABS-O            | CORP              | US        |    180000 | PA      | $180734.11    | 0.05%             | 2029-04-16      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA8737                                              | CUSIP: 3140QGV79<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    242212 | PA      | $230501.71    | 0.06%             | 2036-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FLATIRON CLO 23 LLC                                                                  | FLAT 2023-1A AR                                        | CUSIP: 33883DAQ7<br>LEI: 254900WPX2H2R5L2RO76 | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $249845.13    | 0.06%             | 2036-04-17      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Ryder System, Inc.                                                                   | R 2.85 03/01/27 MTN                                    | CUSIP: 78355HKT5<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    370000 | PA      | $364860.60    | 0.09%             | 2027-03-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Chase Issuance Trust                                                                 | CHAIT 2023-A1 A                                        | CUSIP: 161571HT4<br>LEI: 5493008SHVCX2Y068L12 | Long             | ABS-O            | CORP              | US        |   2680000 | PA      | $2694538.73   | 0.68%             | 2028-09-15      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-DSC1                             | MSRM 2025-DSC1 A1                                      | CUSIP: 61790VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    351827 | PA      | $352980.21    | 0.09%             | 2070-03-25      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| Gartner Inc.                                                                         | IT 4.5 07/01/28 144A                                   | CUSIP: 366651AC1<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |    715000 | PA      | $702942.15    | 0.18%             | 2028-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING 2024-3 LLC                                                | EFF 2024-3 A4                                          | CUSIP: 29375QAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     66000 | PA      | $66961.17     | 0.02%             | 2031-03-20      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank, National Association (Utah)                                     | MS V4.952 01/14/28 BKNT                                | CUSIP: 61690U8A1<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |    915000 | PA      | $918665.13    | 0.23%             | 2028-01-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                             | VST 4.6 10/15/30 144A                                  | CUSIP: 92840VAV4<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    485000 | PA      | $475392.00    | 0.12%             | 2030-10-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust 2022-NQM3                                            | BRAVO 2023-NQM6 A1                                     | CUSIP: 10569DAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    260250 | PA      | $260861.18    | 0.07%             | 2063-09-25      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V4.708 03/12/32                                     | CUSIP: 61747YGB5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    410000 | PA      | $407239.44    | 0.10%             | 2032-03-12      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V4.516 01/21/32                                     | CUSIP: 38145GAR1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    390000 | PA      | $384088.36    | 0.10%             | 2032-01-21      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| Pfizer Inc.                                                                          | PFE 4.2 11/15/30                                       | CUSIP: 717081FD0<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    295000 | PA      | $292950.75    | 0.07%             | 2030-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCIAL ISSUANCE TRUST 2023-1                                              | OMFIT 2023-1A A                                        | CUSIP: 68269JAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $153042.83    | 0.04%             | 2038-06-14      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GCAT 2021-NQM7 TRUST                                                                 | GCAT 2021-NQM7 A1                                      | CUSIP: 36167YAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    148991 | PA      | $138526.82    | 0.04%             | 2066-08-25      | Variable      | 1.92%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BZ1178                                              | CUSIP: 3140NVJY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1145000 | PA      | $1163381.88   | 0.29%             | 2031-06-01      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| MFA 2025-NQM1 TR                                                                     | MFRA 2025-NQM1 A1                                      | CUSIP: 55287JAA4<br>LEI: 254900T233AM4RM23465 | Long             | ABS-O            | CORP              | US        |    444633 | PA      | $446592.71    | 0.11%             | 2070-03-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BH0353                                              | CUSIP: 3140GNMB6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    213048 | PA      | $206430.11    | 0.05%             | 2032-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BMW VEHICLE OWNER TRUST 2025-A                                                       | BMWOT 2025-A A3                                        | CUSIP: 096924AD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $502674.20    | 0.13%             | 2029-09-25      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FHR 5249 HA                                            | CUSIP: 3137H8L66<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1768998 | PA      | $1750467.15   | 0.44%             | 2049-09-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2017-4                                                     | TPMT 2017-4 A1                                         | CUSIP: 89173UAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    202626 | PA      | $199348.03    | 0.05%             | 2057-06-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| INT COMMERCIAL MORTGAGE TRUST 2025-PLAZA                                             | INT 2025-PLAZA A                                       | CUSIP: 44989YAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99664.76     | 0.03%             | 2037-11-05      | Variable      | 4.55%                 | No            |                  2 | On Loan: No      |
| Ares Commercial Mortgage Trust 2026-GCP                                              | ARES1 2026-AZURE C                                     | CUSIP: 03990QAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100000.00    | 0.03%             | 2038-03-15      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Smb Private Education Loan Trust 2019-B                                              | SMB 2019-B A2B                                         | CUSIP: 83192CAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    258343 | PA      | $258482.13    | 0.07%             | 2037-06-15      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| OBX 2023-Nqm6 Trust                                                                  | OBX 2023-NQM6 A1                                       | CUSIP: 67117VAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    287146 | PA      | $287447.09    | 0.07%             | 2063-07-25      | Variable      | 6.52%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORP TRUST 2024-RVR                                           | GSMS 2024-RVR A                                        | CUSIP: 36272JAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    120000 | PA      | $120705.68    | 0.03%             | 2041-08-12      | Variable      | 4.85%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 4.375 04/30/30                                      | CUSIP: 718172DT3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    406000 | PA      | $403830.69    | 0.10%             | 2030-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Equinix, Inc.                                                                        | EQIX 2.9 11/18/26                                      | CUSIP: 29444UBD7<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |    672000 | PA      | $665880.28    | 0.17%             | 2026-11-18      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AL7654                                              | CUSIP: 3138EQQG0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    410605 | PA      | $389884.37    | 0.10%             | 2035-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                         | UBS V4.588 08/10/32 144A                               | CUSIP: 225401BS6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    370000 | PA      | $363665.09    | 0.09%             | 2032-08-10      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| A&D MORTGAGE TRUST 2025-NQM4                                                         | ADMT 2026-NQM1 A1                                      | CUSIP: 00040DAC7<br>LEI: 9845006Y6D399D9E8O78 | Long             | ABS-O            | CORP              | US        |    181967 | PA      | $180288.05    | 0.05%             | 2071-02-25      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust 2021-A                                              | SMB 2021-A APL                                         | CUSIP: 78448YAM3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    615872 | PA      | $610236.58    | 0.15%             | 2053-01-15      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| 1345 TRUST 2025-AOA                                                                  | 1345T 2025-AOA A                                       | CUSIP: 68271CAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    260000 | PA      | $259187.50    | 0.07%             | 2042-06-15      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BE8296                                              | CUSIP: 3140FUGE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     90533 | PA      | $86725.42     | 0.02%             | 2032-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 2.8 04/01/27                                      | CUSIP: 68389XBU8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    195000 | PA      | $191653.31    | 0.05%             | 2027-04-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners Lp                                                          | CQP 4 03/01/31                                         | CUSIP: 16411QAK7<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    620000 | PA      | $595153.20    | 0.15%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Consumers Energy Company                                                             | CMS 4.6 05/30/29                                       | CUSIP: 210518DW3<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |    129000 | PA      | $129896.21    | 0.03%             | 2029-05-30      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V4.493 01/16/32                                     | CUSIP: 61748UAS1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    490000 | PA      | $481762.28    | 0.12%             | 2032-01-16      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                           | BA 6.298 05/01/29                                      | CUSIP: 097023DQ5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    349000 | PA      | $366392.62    | 0.09%             | 2029-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| HYUNDAI AUTO RECEIVABLES TRUST 2024-A                                                | HART 2024-A A3                                         | CUSIP: 448973AD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    790878 | PA      | $795452.48    | 0.20%             | 2029-02-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                                     | DUK 4.85 01/05/29                                      | CUSIP: 26441CCC7<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    600000 | PA      | $607353.74    | 0.15%             | 2029-01-05      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AN7661                                              | CUSIP: 3138LLQP3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1217082 | PA      | $1197118.08   | 0.30%             | 2027-12-01      | Fixed         | 3.03%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST 2014-2                                                    | JPMMT 2014-2 1A1                                       | CUSIP: 46641YAA1<br>LEI: 549300BV8AJIRLDGMR51 | Long             | ABS-O            | CORP              | US        |     48393 | PA      | $47990.97     | 0.01%             | 2029-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V4.952 05/07/31                                      | CUSIP: 172967QA2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1232939.86   | 0.31%             | 2031-05-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BSTN COMMERCIAL MORTGAGE TRUST 2025-1C                                               | BSTN 2025-1C A                                         | CUSIP: 05615EAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    197000 | PA      | $200345.12    | 0.05%             | 2044-06-17      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 2.65 07/15/26                                     | CUSIP: 68389XBM6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     71000 | PA      | $70613.51     | 0.02%             | 2026-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Targa Resources Partners LP/Targa Resources Finance Corp.                            | TRGP 5.5 03/01/30                                      | CUSIP: 87612BBQ4<br>LEI: 6OQWTZ1SPC04IFT4T704 | Long             | DBT              | CORP              | US        |    918000 | PA      | $926386.37    | 0.23%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS MORTGAGE LOAN TRUST 2024-NQM1                                               | BARC 2024-NQM1 A1                                      | CUSIP: 06745AAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    248355 | PA      | $249373.90    | 0.06%             | 2064-01-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AZ5719                                              | CUSIP: 3138YXK95<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3164 | PA      | $3099.18      | 0.00%             | 2030-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR ZA2257                                              | CUSIP: 31329KQJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    165797 | PA      | $162595.01    | 0.04%             | 2032-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust 2023-C                                              | SMB 2023-C A1A                                         | CUSIP: 83207DAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    101207 | PA      | $103194.14    | 0.03%             | 2052-11-15      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                                                        | NFLX 4.875 06/15/30 144A                               | CUSIP: 64110LAV8<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    280000 | PA      | $284000.46    | 0.07%             | 2030-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FHR 3959 MA                                            | CUSIP: 3137AHGR3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     23868 | PA      | $23943.71     | 0.01%             | 2041-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2025-69 E                                          | CUSIP: 3136BWC53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   2281074 | PA      | $2288556.98   | 0.58%             | 2051-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V4.153 10/21/29                                     | CUSIP: 38141GD27<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1465000 | PA      | $1451329.65   | 0.37%             | 2029-10-21      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| ELFI GRADUATE LOAN PROGRAM 2023-A LLC                                                | ELFI 2023-A A                                          | CUSIP: 28628DAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    325380 | PA      | $335404.09    | 0.08%             | 2048-02-04      | Fixed         | 6.37%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.5 01/15/29                                         | CUSIP: 91282CPT2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10595000 | PA      | $10504777.01  | 2.66%             | 2029-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO RECEIVABLES TRUST 2023-2                                          | MBART 2023-2 A3                                        | CUSIP: 58769FAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    398031 | PA      | $402100.75    | 0.10%             | 2028-11-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| EQT TRUST 2024-EXTR                                                                  | EQT 2024-EXTR A                                        | CUSIP: 29439DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    638241 | PA      | $645458.25    | 0.16%             | 2041-07-08      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| BFLD TRUST 2025-EWEST                                                                | BFLD 2025-EWEST B                                      | CUSIP: 05494JAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    260000 | PA      | $259172.91    | 0.07%             | 2042-06-16      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Obx 2020-Exp3 Trust                                                                  | OBX 2020-EXP3 2A1B                                     | CUSIP: 67448WBC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    359861 | PA      | $359089.24    | 0.09%             | 2060-01-25      | Variable      | 4.69%                 | No            |                  2 | On Loan: No      |
| Mello Mortgage Capital Acceptance 2018-Mtg1                                          | MELLO 2018-MTG1 A9                                     | CUSIP: 585498AJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    647709 | PA      | $593691.09    | 0.15%             | 2048-03-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Duke Energy Carolinas LLC                                                            | DUK 4.85 03/15/30                                      | CUSIP: 26442CBP8<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    335000 | PA      | $341101.28    | 0.09%             | 2030-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| HONDA AUTO RECEIVABLES 2023-4 OWNER TRUST                                            | HAROT 2023-4 A3                                        | CUSIP: 438123AC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    518875 | PA      | $523384.97    | 0.13%             | 2028-06-21      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AI8937                                              | CUSIP: 3138AN4X8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1601 | PA      | $1597.91      | 0.00%             | 2026-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Symphony CLO 40 Ltd / Symphony CLO 40 LLC                                            | SYMP 2023-40A AR                                       | CUSIP: 871989AP4<br>LEI: 25490001HYY3IX1I5Z32 | Long             | ABS-CBDO         | CORP              | BM        |    645000 | PA      | $645229.94    | 0.16%             | 2038-01-05      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG C91942                                              | CUSIP: 3128P8EP2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    314689 | PA      | $309008.82    | 0.08%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                                 | VZMT 2024-2 A                                          | CUSIP: 92348KCH4<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    266000 | PA      | $269800.82    | 0.07%             | 2031-12-22      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                                                                  | ALLY V5.737 05/15/29                                   | CUSIP: 02005NBZ2<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    180000 | PA      | $182807.24    | 0.05%             | 2029-05-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2018-BIOA                                               | BX 2026-VLT9 A                                         | CUSIP: 05618UAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    435000 | PA      | $432894.43    | 0.11%             | 2045-03-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| EDVESTINU PRIVATE EDUCATION LOAN ISSUE N.3 LLC                                       | EDVES 2021-A A                                         | CUSIP: 28166LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     41731 | PA      | $39071.96     | 0.01%             | 2045-11-27      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FDG TR 2025-NQM4                                                   | BRAVO 2025-NQM4 A1                                     | CUSIP: 10570QAE1<br>LEI: 25490082TY9NA9XBGW19 | Long             | ABS-O            | CORP              | US        |    295013 | PA      | $296435.27    | 0.07%             | 2065-02-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 2.5 02/01/31                                       | CUSIP: 694308JG3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    480000 | PA      | $430178.44    | 0.11%             | 2031-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                 | GLENLN 4 03/27/27 144A                                 | CUSIP: 378272AN8<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    686000 | PA      | $682981.22    | 0.17%             | 2027-03-27      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BE5670                                              | CUSIP: 3140FRJQ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     95561 | PA      | $92551.91     | 0.02%             | 2032-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2022-3                            | GMCAR 2022-3 A4                                        | CUSIP: 36265WAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    622780 | PA      | $622348.63    | 0.16%             | 2027-12-16      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V5.571 04/22/28                                    | CUSIP: 46647PEE2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    585000 | PA      | $592142.36    | 0.15%             | 2028-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| CROSS 2025-H3 MORTGAGE TRUST                                                         | CROSS 2025-H3 A1                                       | CUSIP: 22757EAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    558550 | PA      | $563109.40    | 0.14%             | 2070-04-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| DK TRUST 2025-LXP                                                                    | DK 2025-LXP A                                          | CUSIP: 23292LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     96000 | PA      | $96000.00     | 0.02%             | 2037-08-17      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| RAD CLO 18 LTD                                                                       | RAD 2023-18A A1R                                       | CUSIP: 75009AAU4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    490000 | PA      | $490245.00    | 0.12%             | 2037-07-15      | Variable      | 5.07%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V5.042 07/19/30                                     | CUSIP: 61747YFS9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1092000 | PA      | $1104631.57   | 0.28%             | 2030-07-19      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| SLM STUDENT LOAN TRUST 2013-4                                                        | SLMA 2013-4 A                                          | CUSIP: 78448AAA1<br>LEI: 5493004WA7G168XIR344 | Long             | ABS-O            | CORP              | US        |    107427 | PA      | $105971.04    | 0.03%             | 2027-06-25      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-NQM1 TRUST                                                                 | PRPM 2025-NQM1 A1                                      | CUSIP: 74391EAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    202956 | PA      | $204030.61    | 0.05%             | 2069-11-25      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM                                                           | SCLP 2025-1 A                                          | CUSIP: 83406YAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    110106 | PA      | $110336.32    | 0.03%             | 2034-02-27      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                           | AMGN 2.6 08/19/26                                      | CUSIP: 031162CJ7<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    346000 | PA      | $343962.27    | 0.09%             | 2026-08-19      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V4.9 01/24/28 W                                    | CUSIP: 95000U3R2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    821000 | PA      | $823977.57    | 0.21%             | 2028-01-24      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MSC 2024-Nstb                                                                        | MSC 2024-NSTB A                                        | CUSIP: 61690BAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    124432 | PA      | $122719.22    | 0.03%             | 2057-09-25      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                                  | NEE 4.685 09/01/27                                     | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    445000 | PA      | $447146.86    | 0.11%             | 2027-09-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| ALA TRUST 2025-OANA                                                                  | ALA 2025-OANA B                                        | CUSIP: 009920AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    211000 | PA      | $211527.50    | 0.05%             | 2040-06-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Realty Income Corporation                                                            | O 3.25 06/15/29                                        | CUSIP: 756109AW4<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |     52000 | PA      | $50014.36     | 0.01%             | 2029-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PRPM 2024-NQM2 TRUST                                                                 | PRPM 2024-NQM2 A1                                      | CUSIP: 74448PAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     72985 | PA      | $73626.68     | 0.02%             | 2069-06-25      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                 | GLENLN 5.371 04/04/29 144A                             | CUSIP: 378272BS6<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    310000 | PA      | $316446.58    | 0.08%             | 2029-04-04      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| FLAGSTAR MORTGAGE TRUST 2021-12                                                      | FSMT 2021-12 A19                                       | CUSIP: 33853GAV5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    555522 | PA      | $544711.34    | 0.14%             | 2051-11-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                | FN MA4389                                              | CUSIP: 31418D2X9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    790922 | PA      | $747316.33    | 0.19%             | 2031-07-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Stellantis N.V                                                                       | STLA 3.375 11/19/28 EMTN                               | CUSIP: 000000000<br>LEI: 549300LKT9PW7ZIBDF31 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $227877.88    | 0.06%             | 2028-11-19      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| MELLO MORTGAGE CAPITAL ACCEPTANCE 2022-INV2                                          | MELLO 2022-INV2 A3                                     | CUSIP: 58549JAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    372459 | PA      | $322308.28    | 0.08%             | 2052-04-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V5.218 04/23/31                                     | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    938000 | PA      | $953819.46    | 0.24%             | 2031-04-23      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.75 05/15/28                                        | CUSIP: 91282CND9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1400000 | PA      | $1398085.93   | 0.35%             | 2028-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY PENNSYLVANIA ELECTRIC CO                                                 | FE 4.55 03/15/31 144A                                  | CUSIP: 33767QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $269060.70    | 0.07%             | 2031-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST 2025-9                                                        | SEMT 2025-9 A26F                                       | CUSIP: 81750BBB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1087134 | PA      | $1089387.55   | 0.28%             | 2055-10-25      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2018-6                                                     | TPMT 2018-6 A1A                                        | CUSIP: 89176LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     92747 | PA      | $92348.73     | 0.02%             | 2058-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FHR 4459 BN                                            | CUSIP: 3137BHTC1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    207891 | PA      | $193858.77    | 0.05%             | 2043-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                                                      | EQT 3.9 10/01/27                                       | CUSIP: 26884LAF6<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    202000 | PA      | $199537.83    | 0.05%             | 2027-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                          | COF V4.493 09/11/31                                    | CUSIP: 14040HDM4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    320000 | PA      | $314196.73    | 0.08%             | 2031-09-11      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| ARBOR MULTIFAMILY MORTGAGE SECURITIES TRUST 2020-MF1                                 | AMMST 2020-MF1 ASB                                     | CUSIP: 03881BAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    411761 | PA      | $397885.33    | 0.10%             | 2053-05-16      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V3.974 02/07/30 MTN                                | CUSIP: 06051GHQ5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    457000 | PA      | $450712.18    | 0.11%             | 2030-02-07      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| PRPM 2023-NQM3 TRUST                                                                 | PRPM 2023-NQM3 A1                                      | CUSIP: 69380TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    291752 | PA      | $293614.80    | 0.07%             | 2068-11-25      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| Cheniere Corpus Christi Holdings, LLC                                                | CHCOCH 5.125 06/30/27                                  | CUSIP: 16412XAG0<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |    341000 | PA      | $342760.41    | 0.09%             | 2027-06-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                             | VST 4.7 01/31/31 144A                                  | CUSIP: 92840VAY8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    560000 | PA      | $550983.66    | 0.14%             | 2031-01-31      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING 2024-1 LLC                                                | EFF 2024-1 A2                                          | CUSIP: 29375PAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    180047 | PA      | $180928.19    | 0.05%             | 2030-03-20      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V4.456 02/06/32                                    | CUSIP: 060505GQ1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    452000 | PA      | $446342.99    | 0.11%             | 2032-02-06      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM2972                                              | CUSIP: 3140X6JS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1679938 | PA      | $1621411.73   | 0.41%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V4.238 01/09/30                                     | CUSIP: 61748UAR3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    320000 | PA      | $316770.72    | 0.08%             | 2030-01-09      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TR 2025-3                                                       | VERUS 2025-3 A1                                        | CUSIP: 924928AA2<br>LEI: 213800DYYV3EM7TSTN14 | Long             | ABS-O            | CORP              | US        |    546645 | PA      | $550609.86    | 0.14%             | 2070-05-25      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FHR 4777 CB                                            | CUSIP: 3137F4TS1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     92900 | PA      | $92469.81     | 0.02%             | 2045-10-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MMAF EQUIPMENT FINANCE 2024-A LLC                                                    | MMAF 2024-A A4                                         | CUSIP: 55318CAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    745000 | PA      | $759813.13    | 0.19%             | 2049-07-13      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| NAVISTAR FINANCIAL DEALER NOTE MASTER OWNER TRUST II SERIES 2015-1                   | NAVMT 2024-1 A                                         | CUSIP: 63938PBW8<br>LEI: 549300S28N49H5RT4J50 | Long             | ABS-O            | CORP              | US        |    390000 | PA      | $390331.77    | 0.10%             | 2029-04-25      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| NY COMMERCIAL MORTGAGE TRUST 2025-299P                                               | NY 2025-299P A                                         | CUSIP: 62957FAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    210000 | PA      | $217628.50    | 0.06%             | 2047-02-12      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| PRPM 2023-NQM2 TRUST                                                                 | PRPM 2023-NQM2 A1                                      | CUSIP: 74390KAK4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     91113 | PA      | $91245.10     | 0.02%             | 2068-08-25      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| PRPM 2026-NQM1 TRUST                                                                 | PRPM 2026-NQM1 A1                                      | CUSIP: 74391DAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    390000 | PA      | $388514.02    | 0.10%             | 2071-02-25      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                             | VST 4.3 07/15/29 144A                                  | CUSIP: 92840VAE2<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    460000 | PA      | $452064.07    | 0.11%             | 2029-07-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables 2022-B Owner Trust                                           | TAOT 2022-B A4                                         | CUSIP: 89238FAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    275325 | PA      | $274899.30    | 0.07%             | 2027-08-16      | Fixed         | 3.11%                 | No            |                  2 | On Loan: No      |
| American Tower Corporation                                                           | AMT 5.2 02/15/29                                       | CUSIP: 03027XCG3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    164000 | PA      | $166779.70    | 0.04%             | 2029-02-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                                   | MO 4.8 02/14/29                                        | CUSIP: 02209SBD4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    689000 | PA      | $694572.23    | 0.18%             | 2029-02-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Dreyfus Treasury Securities Cash Management                                          | Dreyfus Treasury Securities Cash Management INSTL SHS  | CUSIP: 261941108<br>LEI: 549300U78VESCW509025 | Long             | STIV             | RF                | US        |   4490041 | NS      | $4490041.47   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA3129                                              | CUSIP: 31418CPP3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    137289 | PA      | $134568.23    | 0.03%             | 2037-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| 720 EAST CLO 2023-I LTD                                                              | NWML 2023-IA A1R                                       | CUSIP: 81785EAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    265000 | PA      | $265186.96    | 0.07%             | 2038-04-15      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| CROSS 2025-H2 MORTGAGE TRUST                                                         | CROSS 2025-H2 A1                                       | CUSIP: 22758PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    266335 | PA      | $266573.70    | 0.07%             | 2070-03-25      | Variable      | 5.36%                 | No            |                  2 | On Loan: No      |
| Affirm Asset Securitization Trust 2025-X1                                            | AFFRM 2025-X1 A                                        | CUSIP: 00834MAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     41928 | PA      | $41953.02     | 0.01%             | 2030-04-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                          | ABBV 4.125 03/15/31                                    | CUSIP: 00287YEE5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    245000 | PA      | $241444.80    | 0.06%             | 2031-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Equinix Asia Financing Corporation Pte Ltd.                                          | EQIX 4.4 03/15/31                                      | CUSIP: 29447KAA3<br>LEI: 2549002E9B0F5FQ3X427 | Long             | DBT              | CORP              | SG        |    675000 | PA      | $660683.25    | 0.17%             | 2031-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                   | ET 6.1 12/01/28                                        | CUSIP: 29273VAS9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    827000 | PA      | $859546.46    | 0.22%             | 2028-12-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Eaton Corp.                                                                          | ETN 4.2 03/06/31                                       | CUSIP: 278058DX7<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197106.31    | 0.05%             | 2031-03-06      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                                                             | APTV 4.65 09/13/29                                     | CUSIP: 03837AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    440000 | PA      | $448573.74    | 0.11%             | 2029-09-13      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| PRKCM 2021-AFC2 TRUST                                                                | PRKCM 2021-AFC2 A1                                     | CUSIP: 69361JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    264327 | PA      | $234238.87    | 0.06%             | 2056-11-25      | Variable      | 2.07%                 | No            |                  2 | On Loan: No      |
| Ares Commercial Mortgage Trust 2026-GCP                                              | ARES1 2026-AZURE B                                     | CUSIP: 03990QAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $150000.00    | 0.04%             | 2038-03-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                                                        | NFLX 5.875 11/15/28                                    | CUSIP: 64110LAT3<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    215000 | PA      | $223677.83    | 0.06%             | 2028-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                                                      | EQT 4.75 01/15/31                                      | CUSIP: 26884LBD0<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    580000 | PA      | $576946.01    | 0.15%             | 2031-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SCG Commercial Mortgage Trust 2025-DLFN                                              | SCG 2025-DLFN B                                        | CUSIP: 78398EAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99750.00     | 0.03%             | 2035-03-15      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                   | ET 5.25 07/01/29                                       | CUSIP: 29273VAZ3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    365000 | PA      | $372982.52    | 0.09%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V4.347 01/22/32                                    | CUSIP: 46647PFG6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    535000 | PA      | $527449.76    | 0.13%             | 2032-01-22      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Jabil Inc                                                                            | JBL 4.2 02/01/29                                       | CUSIP: 46656PAC8<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |    320000 | PA      | $316118.05    | 0.08%             | 2029-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 4.125 06/15/29                                     | CUSIP: 404119BX6<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1351000 | PA      | $1332322.94   | 0.34%             | 2029-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.5 09/30/26                                         | CUSIP: 91282CLP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    800000 | PA      | $798906.25    | 0.20%             | 2026-09-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 4.2 10/15/30                                      | CUSIP: 11135FCW9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    126000 | PA      | $124535.86    | 0.03%             | 2030-10-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Co. / AerCap Global Aviation Trust (AER)  | AER 4.375 11/15/30                                     | CUSIP: 00774MBR5<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    270000 | PA      | $265177.39    | 0.07%             | 2030-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                                  | NEE 4.85 02/04/28                                      | CUSIP: 65339KDG2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    477000 | PA      | $481410.60    | 0.12%             | 2028-02-04      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                             | T 1.65 02/01/28                                        | CUSIP: 00206RKG6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    435000 | PA      | $414499.56    | 0.10%             | 2028-02-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks                                                            | FFCB 1.68 09/17/35                                     | CUSIP: 3133EMAG7<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   2080000 | PA      | $1615520.57   | 0.41%             | 2035-09-17      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| SOFI PERSONAL LOAN TRUST 2024-1                                                      | SPLT 2024-1A A                                         | CUSIP: 83407RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     62345 | PA      | $62403.71     | 0.02%             | 2031-02-12      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| Ryder System, Inc.                                                                   | R 4.9 12/01/29 MTN                                     | CUSIP: 78355HLD9<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65716.30     | 0.02%             | 2029-12-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                                   | MO 6.2 11/01/28                                        | CUSIP: 02209SBQ5<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    399000 | PA      | $416153.37    | 0.11%             | 2028-11-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING 2024-3 LLC                                                | EFF 2024-3 A3                                          | CUSIP: 29375QAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $201650.96    | 0.05%             | 2028-08-20      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| BA Credit Card Trust                                                                 | BACCT 2024-A1 A                                        | CUSIP: 05522RDJ4<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |   1383000 | PA      | $1397305.89   | 0.35%             | 2029-05-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| CNH EQUIPMENT TRUST 2022-B                                                           | CNH 2022-B A3                                          | CUSIP: 12663JAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    135134 | PA      | $135093.95    | 0.03%             | 2027-11-15      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2025-4                            | GMCAR 2025-4 A3                                        | CUSIP: 36273EAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1198000 | PA      | $1190863.39   | 0.30%             | 2031-02-18      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2025-NQM5                                        | GSMBS 2025-NQM5 A1                                     | CUSIP: 36273GAA6<br>LEI: 254900MQ3DUBXKU1DC81 | Long             | ABS-O            | CORP              | US        |    161561 | PA      | $160692.67    | 0.04%             | 2065-07-25      | Variable      | 5.01%                 | No            |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2022-B                                     | NAVSL 2022-BA A                                        | CUSIP: 63942PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    634911 | PA      | $619987.16    | 0.16%             | 2070-10-15      | Fixed         | 4.16%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V4.356 10/22/31 I                                   | CUSIP: 61748UAM4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78399.15     | 0.02%             | 2031-10-22      | Fixed         | 4.36%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2023-4                            | GMCAR 2023-4 A3                                        | CUSIP: 379930AD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    366112 | PA      | $369239.42    | 0.09%             | 2028-08-16      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V2.64 02/24/28                                      | CUSIP: 38141GZK3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    400000 | PA      | $393554.47    | 0.10%             | 2028-02-24      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| OBX TR 2025-NQM3                                                                     | OBX 2025-NQM3 A1                                       | CUSIP: 67448YAC8<br>LEI: 254900MBGY6CR10DAX67 | Long             | ABS-O            | CORP              | US        |    130005 | PA      | $130714.42    | 0.03%             | 2064-12-01      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.75 04/15/28                                        | CUSIP: 91282CMW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1440000 | PA      | $1438031.25   | 0.36%             | 2028-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2025-5C33                                                       | BBCMS 2025-5C33 A4                                     | CUSIP: 072924AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $259872.50    | 0.07%             | 2058-03-15      | Variable      | 5.84%                 | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust                                         | AMXCA 2024-2 A                                         | CUSIP: 02582JKF6<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |    406000 | PA      | $418552.95    | 0.11%             | 2031-04-15      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2020-127 LP                                        | CUSIP: 38382HX54<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    356643 | PA      | $287025.11    | 0.07%             | 2050-06-20      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA3060                                              | CUSIP: 31418CMJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    429384 | PA      | $417089.93    | 0.11%             | 2032-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                          | COF V6.312 06/08/29                                    | CUSIP: 14040HCZ6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    343000 | PA      | $354666.86    | 0.09%             | 2029-06-08      | Fixed         | 6.31%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V4.937 04/23/28                                     | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1515000 | PA      | $1522401.77   | 0.38%             | 2028-04-23      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| BMO 2025-5C9 MORTGAGE TRUST                                                          | BMO 2025-5C9 AS                                        | CUSIP: 096933AG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    154697 | PA      | $160390.14    | 0.04%             | 2058-04-17      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust 2023-B                                                | HART 2023-B A3                                         | CUSIP: 44933XAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    541202 | PA      | $543811.83    | 0.14%             | 2028-04-17      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| CSTL COMMERCIAL MORTGAGE TRUST 2026-GATE3                                            | CSTL 2026-GATE3 B                                      | CUSIP: 228920AC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    123000 | PA      | $121177.24    | 0.03%             | 2043-02-10      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V4.255 10/22/31                                    | CUSIP: 46647PFD3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    530000 | PA      | $521721.55    | 0.13%             | 2031-10-22      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                                     | DUK 3.4 06/15/29                                       | CUSIP: 26441CBE4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    110000 | PA      | $106509.77    | 0.03%             | 2029-06-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2017-136 GB                                        | CUSIP: 38380HHT2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    299729 | PA      | $286712.19    | 0.07%             | 2047-03-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CSAIL 2019-C17 COMMERCIAL MORTGAGE TRUST                                             | CSAIL 2019-C17 A4                                      | CUSIP: 12597BAT6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $947178.90    | 0.24%             | 2052-09-17      | Variable      | 2.76%                 | No            |                  2 | On Loan: No      |
| VICI Properties LP                                                                   | VICI 4.95 02/15/30                                     | CUSIP: 925650AC7<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |    225000 | PA      | $224640.13    | 0.06%             | 2030-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM6 TR                                                                     | OBX 2025-NQM6 A1                                       | CUSIP: 67448UAA0<br>LEI: 254900W46UQEWQMYYZ02 | Long             | ABS-O            | CORP              | US        |    215981 | PA      | $217053.81    | 0.05%             | 2065-03-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp                                                                   | PFSFC 2024-B A                                         | CUSIP: 69335PFE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    140000 | PA      | $140841.83    | 0.04%             | 2029-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                               | TFC V5.435 01/24/30 MTN                                | CUSIP: 89788MAR3<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |     94000 | PA      | $96214.54     | 0.02%             | 2030-01-24      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                   | BX 2025-TAIL A                                         | CUSIP: 123912AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    185000 | PA      | $184999.93    | 0.05%             | 2035-06-15      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                               | FHR 5478 FH                                            | CUSIP: 3137HHSE2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    655222 | PA      | $660874.06    | 0.17%             | 2054-04-25      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST 2021-A                                                     | NSLT 2021-A APT2                                       | CUSIP: 64035DAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    298715 | PA      | $284580.53    | 0.07%             | 2062-04-20      | Fixed         | 1.36%                 | No            |                  2 | On Loan: No      |
| Elevance Health Inc.                                                                 | ELV 5.15 06/15/29                                      | CUSIP: 036752AY9<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    316000 | PA      | $321908.38    | 0.08%             | 2029-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V4.97 04/23/29                                     | CUSIP: 95000U3T8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    334000 | PA      | $336896.05    | 0.09%             | 2029-04-23      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Fidelity National Information Services Inc                                           | FIS 4.45 03/10/28                                      | CUSIP: 31620MCA2<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1047060.39   | 0.26%             | 2028-03-10      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2022-2                            | GMCAR 2022-2 A4                                        | CUSIP: 362585AD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    385208 | PA      | $384781.21    | 0.10%             | 2028-04-17      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2022-3                                                    | VERUS 2022-3 A1                                        | CUSIP: 92538UAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    285732 | PA      | $272958.85    | 0.07%             | 2067-02-25      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| Discovery Global Holdings Inc.                                                       | WBD 3.755 03/15/27 *                                   | CUSIP: 55903VBL6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    145000 | PA      | $143222.30    | 0.04%             | 2027-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BFLD COMMERCIAL MORTGAGE TRUST 2025-660F                                             | BFLD 2025-660F B                                       | CUSIP: 05556QAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    305000 | PA      | $304237.50    | 0.08%             | 2042-11-17      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 2.875 08/15/28                                       | CUSIP: 9128284V9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5700000 | PA      | $5579765.63   | 1.41%             | 2028-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Consumers Energy Company                                                             | CMS 4.5 01/15/31                                       | CUSIP: 210518DY9<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |    270000 | PA      | $270330.64    | 0.07%             | 2031-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FHR 4274 PN                                            | CUSIP: 3137B5VK6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     27880 | PA      | $27431.49     | 0.01%             | 2035-10-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Goodleap Sustainable Home Solutions Trust 2021-3                                     | GOOD 2022-2CS A                                        | CUSIP: 38237KAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     35562 | PA      | $30621.96     | 0.01%             | 2049-04-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V3.419 12/20/28                                    | CUSIP: 06051GHD4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    152000 | PA      | $149320.47    | 0.04%             | 2028-12-20      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust 2025-1                                     | SFAST 2025-1A A3                                       | CUSIP: 81885BAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $452918.48    | 0.11%             | 2030-07-22      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Private Bank National Association                                     | MS V4.734 07/18/31                                     | CUSIP: 61776NVG5<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |    925000 | PA      | $922134.88    | 0.23%             | 2031-07-18      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AQ8719                                              | CUSIP: 3138MQVM2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     29031 | PA      | $28658.86     | 0.01%             | 2027-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Sofi Professional Loan Program 2020-A Trust                                          | SOFI 2020-A A2FX                                       | CUSIP: 83406TAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    101105 | PA      | $97696.31     | 0.02%             | 2046-05-15      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| Vici Properties Inc                                                                  | VICI 4.5 01/15/28 144A                                 | CUSIP: 92564RAK1<br>LEI: 254900RKH6RY9KCJQH63 | Long             | DBT              | CORP              | US        |    874000 | PA      | $868835.49    | 0.22%             | 2028-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL MORTGAGE LOAN TRUST 2019-3                                               | RMLT 2019-3 M1                                         | CUSIP: 76119NAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    158797 | PA      | $157741.16    | 0.04%             | 2059-09-25      | Variable      | 3.26%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                 | GLENLN 5.186 04/01/30 144A                             | CUSIP: 378272BZ0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    720000 | PA      | $729983.98    | 0.18%             | 2030-04-01      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 4.3 11/15/30                                       | CUSIP: 404119DD8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    310000 | PA      | $304879.48    | 0.08%             | 2030-11-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BM5111                                              | CUSIP: 3140J9VD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1786409 | PA      | $1735616.78   | 0.44%             | 2033-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NCMF TRUST 2025-MFS                                                                  | NCMF 2025-MFS A                                        | CUSIP: 62887TAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    422000 | PA      | $420460.84    | 0.11%             | 2033-06-10      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC (THE)                                                         | WMB 3.75 06/15/27                                      | CUSIP: 96949LAD7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     95000 | PA      | $94280.89     | 0.02%             | 2027-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Corp.                                                                    | FE 3.9 07/15/27 B                                      | CUSIP: 337932AH0<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |    230000 | PA      | $228127.03    | 0.06%             | 2027-07-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 4.35 02/15/30                                     | CUSIP: 11135FCB5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    140000 | PA      | $139503.59    | 0.04%             | 2030-02-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| B.A.T. International Finance PLC                                                     | BATSLN 4.448 03/16/28                                  | CUSIP: 05530QAP5<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |    277000 | PA      | $277110.62    | 0.07%             | 2028-03-16      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2021-A                                     | NAVSL 2021-A A                                         | CUSIP: 63942BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     38325 | PA      | $35086.21     | 0.01%             | 2069-05-15      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C 3.2 10/21/26                                         | CUSIP: 172967KY6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    530000 | PA      | $527080.20    | 0.13%             | 2026-10-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V6.484 10/24/29                                     | CUSIP: 38141GA46<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    175000 | PA      | $183075.31    | 0.05%             | 2029-10-24      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS II, LLC                                                               | QTSII 2025-1A A2                                       | CUSIP: 74690FAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    425000 | PA      | $416294.94    | 0.11%             | 2055-10-05      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2025-LIFE                                                                   | BX 2025-LIFE A                                         | CUSIP: 05616HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $501436.65    | 0.13%             | 2047-06-13      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| HYUNDAI AUTO RECEIVABLES TRUST 2025-A                                                | HART 2025-A A3                                         | CUSIP: 44935CAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    366000 | PA      | $366855.53    | 0.09%             | 2029-10-15      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 4.15 11/15/30                                     | CUSIP: 11135FAQ4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    415000 | PA      | $408522.71    | 0.10%             | 2030-11-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks                                                            | FFCB 1.3 02/03/31                                      | CUSIP: 3133EMPE6<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    770000 | PA      | $678373.80    | 0.17%             | 2031-02-03      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| INV 2024-IND MORTGAGE TRUST                                                          | INV 2024-IND A                                         | CUSIP: 45000DAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160000 | PA      | $157900.00    | 0.04%             | 2041-11-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| HYUNDAI AUTO RECEIVABLES TRUST 2024-B                                                | HART 2024-B A3                                         | CUSIP: 44934QAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1338000 | PA      | $1345833.86   | 0.34%             | 2029-03-15      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 4 04/15/29 144A                                   | CUSIP: 11135FBR1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    551000 | PA      | $545535.44    | 0.14%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 4.95 02/04/31                                     | CUSIP: 68389XDX0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    805000 | PA      | $787644.09    | 0.20%             | 2031-02-04      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2017-1                                                 | MCMLT 2017-1 M2                                        | CUSIP: 59981HAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     59033 | PA      | $58577.99     | 0.01%             | 2058-11-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust 2026-ESH2                                                | ESA 2026-ESH2 A                                        | CUSIP: 30227WAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    356644 | PA      | $356644.49    | 0.09%             | 2043-02-18      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| CD 2016-CD2 MORTGAGE TRUST                                                           | CD 2016-CD2 A4                                         | CUSIP: 12515ABE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    520000 | PA      | $510800.73    | 0.13%             | 2049-11-15      | Variable      | 3.53%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust A                                           | FORDF 2023-1 A1                                        | CUSIP: 34528QHV9<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |   1246000 | PA      | $1247528.84   | 0.32%             | 2028-05-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Gs Mortgage-backed Securities Trust 2025-PJ10                                        | GSMBS 2025-PJ10 A27                                    | CUSIP: 36273MBA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    325795 | PA      | $325998.77    | 0.08%             | 2056-04-25      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V5.707 04/22/28 MTN                                | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    165000 | PA      | $167128.41    | 0.04%             | 2028-04-22      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V5.14 01/24/31                                     | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     93000 | PA      | $94702.03     | 0.02%             | 2031-01-24      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V5.103 04/22/31                                    | CUSIP: 46647PEY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    887000 | PA      | $903105.29    | 0.23%             | 2031-04-22      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| NISSAN AUTO RECEIVABLES 2023-A OWNER TRUST                                           | NAROT 2023-A A3                                        | CUSIP: 65480WAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    470917 | PA      | $471814.24    | 0.12%             | 2027-11-15      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp.                                                                  | EXE 5.375 03/15/30                                     | CUSIP: 845467AS8<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    907000 | PA      | $914537.69    | 0.23%             | 2030-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Securities Trust 2024-Iglg                       | JPMCC 2024-IGLG A                                      | CUSIP: 46593KAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    270000 | PA      | $270565.79    | 0.07%             | 2039-11-10      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| POINT BROADBAND FUNDING LLC                                                          | POINTB 2025-1A A2                                      | CUSIP: 73052AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    116000 | PA      | $116085.33    | 0.03%             | 2055-07-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V1.47 09/22/27                                     | CUSIP: 46647PCP9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    230000 | PA      | $226852.54    | 0.06%             | 2027-09-22      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| SUMMIT ISSUER LLC                                                                    | Summit Issuer LLC                                      | CUSIP: 86613XAN5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    264000 | PA      | $263337.23    | 0.07%             | 2055-11-20      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Emera US Finance LLC                                                                 | EMACN 4.5 04/01/29                                     | CUSIP: 29103HAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    532000 | PA      | $531366.47    | 0.13%             | 2029-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                                                   | BX 2025-ARIA C                                         | CUSIP: 05619TAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    425000 | PA      | $423419.30    | 0.11%             | 2042-12-15      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| Dell International LLC / EMC Corp.                                                   | DELL 4.5 02/15/31                                      | CUSIP: 24703DBS9<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    240000 | PA      | $237163.15    | 0.06%             | 2031-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** BlackRock Allocation Target Shares

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer