# EDGAR Filing Document

**Accession Number:** 0000908406
**File Stem:** 0001193125-25-190063
**Filing Date:** 2025-8
**Character Count:** 322798
**Document Hash:** b3760690dd57dfe5d6f6df49b5de56e1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-190063.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001193125-25-190063

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN CENTURY INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000908406

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07822
- **FILM NUMBER:** 251267000

**BUSINESS ADDRESS:**
- **STREET 1:** 4500 MAIN STREET
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64111
- **BUSINESS PHONE:** 816-531-5575

**MAIL ADDRESS:**
- **STREET 1:** 4500 MAIN STREET
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BENHAM INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19930629

## Series and Classes Contracts Data

### DIVERSIFIED BOND FUND (Series ID: S000006579)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000017955 | INVESTOR CLASS | ADFIX           |
| C000017956 | A CLASS        | ADFAX           |
| C000017957 | I CLASS        | ACBPX           |
| C000017960 | C CLASS        | CDBCX           |
| C000017961 | R CLASS        | ADVRX           |
| C000131613 | R6 CLASS       | ADDVX           |
| C000189684 | Y CLASS        | ADVYX           |
| C000189686 | R5 CLASS       | ADRVX           |
| C000237256 | G CLASS        | ACDOX           |

## Nport-Ex

**American Century Investments**<sup>®</sup>

**Quarterly Portfolio Holdings**

**Diversified Bond Fund**

**June 30, 2025**

------

---

| |
|:---|
| **<u>Diversified Bond - Schedule of Investments</u>** |
| **JUNE 30, 2025 (UNAUDITED)** |

---

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount ($)/Shares** | **Value ($)** |
| **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 37.0%** | | |
| **Adjustable-Rate U.S. Government Agency Mortgage-Backed Securities — 0.0%** | | |
| FNMA, VRN, 3.18%, (1-year RFUCC plus 1.61%), 3/1/47 | 821661 | 813877 |
| FNMA, VRN, 3.10%, (1-year RFUCC plus 1.61%), 4/1/47 | 521543 | 515988 |
|  |  | 1329865 |
| **Fixed-Rate U.S. Government Agency Mortgage-Backed Securities — 37.0%** |  |  |
| FHLMC, 6.00%, 9/1/35 | 795398 | 831804 |
| FHLMC, 2.00%, 6/1/36 | 27090642 | 25021666 |
| FHLMC, 6.00%, 2/1/38 | 460985 | 484022 |
| FHLMC, 3.50%, 2/1/49 | 30822118 | 28370978 |
| FHLMC, 3.00%, 1/1/50 | 21778989 | 18874089 |
| FHLMC, 3.50%, 5/1/50 | 4471104 | 4066880 |
| FHLMC, 2.50%, 5/1/51 | 7643237 | 6407234 |
| FHLMC, 3.50%, 5/1/51 | 19400510 | 17675666 |
| FHLMC, 3.00%, 7/1/51 | 11010307 | 9597425 |
| FHLMC, 2.00%, 8/1/51 | 24155902 | 19312902 |
| FHLMC, 2.50%, 8/1/51 | 22626282 | 18872368 |
| FHLMC, 2.50%, 10/1/51 | 12520734 | 10521428 |
| FHLMC, 3.00%, 12/1/51 | 17045422 | 14811221 |
| FHLMC, 3.00%, 2/1/52 | 15811799 | 13848278 |
| FHLMC, 3.50%, 5/1/52 | 12431254 | 11316431 |
| FHLMC, 4.00%, 5/1/52 | 20270309 | 18901513 |
| FHLMC, 4.00%, 5/1/52 | 15051272 | 14121115 |
| FHLMC, 3.00%, 6/1/52 | 7890382 | 6904961 |
| FHLMC, 4.00%, 6/1/52 | 32694674 | 30674144 |
| FHLMC, 5.00%, 7/1/52 | 8080906 | 7999836 |
| FHLMC, 4.50%, 8/1/52 | 6071807 | 5868082 |
| FHLMC, 4.50%, 10/1/52 | 31559982 | 30286410 |
| FHLMC, 4.50%, 10/1/52 | 29135323 | 27937609 |
| FHLMC, 4.50%, 10/1/52 | 12050218 | 11554803 |
| FHLMC, 5.50%, 11/1/52 | 8054705 | 8096032 |
| FHLMC, 6.00%, 11/1/52 | 44000445 | 44892089 |
| FHLMC, 5.50%, 12/1/52 | 7397484 | 7450946 |
| FHLMC, 6.00%, 1/1/53 | 25481147 | 26041501 |
| FHLMC, 6.50%, 11/1/53 | 23882235 | 24758574 |
| FHLMC, 5.50%, 4/1/54 | 25453416 | 25637370 |
| FNMA, 6.00%, 12/1/33 | 352623 | 364287 |
| FNMA, 2.00%, 5/1/36 | 10620888 | 9830996 |
| FNMA, 6.00%, 9/1/37 | 570657 | 598562 |
| FNMA, 6.00%, 11/1/37 | 480784 | 504294 |
| FNMA, 4.50%, 4/1/39 | 612065 | 611008 |
| FNMA, 4.50%, 5/1/39 | 1754355 | 1751325 |
| FNMA, 6.50%, 5/1/39 | 290998 | 304911 |
| FNMA, 4.50%, 9/1/39 | 604633 | 603589 |
| FNMA, 4.50%, 10/1/39 | 3006094 | 3000902 |
| FNMA, 4.50%, 11/1/40 | 384076 | 383413 |
| FNMA, 3.50%, 12/1/40 | 63838 | 60107 |
| FNMA, 4.00%, 8/1/41 | 2696044 | 2606244 |
| FNMA, 4.50%, 9/1/41 | 392913 | 389447 |
| FNMA, 4.00%, 12/1/41 | 1254743 | 1211388 |

---

------

---

| | | |
|:---|:---|:---|
| FNMA, 3.50%, 5/1/42 | 559973 | 526195 |
| FNMA, 4.00%, 11/1/45 | 1055740 | 1001942 |
| FNMA, 4.00%, 11/1/45 | 900226 | 853795 |
| FNMA, 4.00%, 2/1/46 | 1677936 | 1591222 |
| FNMA, 4.00%, 4/1/46 | 2581817 | 2448787 |
| FNMA, 3.00%, 5/1/50 | 2646524 | 2352277 |
| FNMA, 2.50%, 6/1/50 | 22538608 | 18953394 |
| FNMA, 2.50%, 10/1/50 | 33862813 | 28278200 |
| FNMA, 2.50%, 12/1/50 | 10007738 | 8316873 |
| FNMA, 2.50%, 2/1/51 | 21990083 | 18487066 |
| FNMA, 2.00%, 3/1/51 | 3195848 | 2535555 |
| FNMA, 3.00%, 6/1/51 | 1314844 | 1156823 |
| FNMA, 2.50%, 12/1/51 | 21036823 | 17666488 |
| FNMA, 2.00%, 2/1/52 | 6466449 | 5207589 |
| FNMA, 2.50%, 2/1/52 | 9189502 | 7698406 |
| FNMA, 3.00%, 2/1/52 | 34152861 | 29852520 |
| FNMA, 3.00%, 2/1/52 | 15977679 | 13965750 |
| FNMA, 2.00%, 3/1/52 | 42505217 | 34104114 |
| FNMA, 2.50%, 3/1/52 | 26220415 | 22021804 |
| FNMA, 3.00%, 4/1/52 | 9952469 | 8699340 |
| FNMA, 3.50%, 4/1/52 | 7783298 | 7019379 |
| FNMA, 4.00%, 4/1/52 | 20137281 | 18855426 |
| FNMA, 4.00%, 4/1/52 | 8656876 | 8121892 |
| FNMA, 4.00%, 4/1/52 | 6122835 | 5722983 |
| FNMA, 3.00%, 5/1/52 | 15212308 | 13413792 |
| FNMA, 3.50%, 5/1/52 | 31150738 | 28174688 |
| FNMA, 3.50%, 5/1/52 | 25927283 | 23440954 |
| FNMA, 3.50%, 5/1/52 | 23181275 | 21234385 |
| FNMA, 4.00%, 5/1/52 | 30826422 | 28741587 |
| FNMA, 3.00%, 6/1/52 | 6165871 | 5436877 |
| FNMA, 3.50%, 6/1/52 | 25741931 | 23571288 |
| FNMA, 4.50%, 7/1/52 | 16707592 | 16021290 |
| FNMA, 5.00%, 8/1/52 | 46995837 | 46445843 |
| FNMA, 4.50%, 9/1/52 | 11311290 | 10945820 |
| FNMA, 5.00%, 9/1/52 | 12750862 | 12599986 |
| FNMA, 5.00%, 10/1/52 | 44311867 | 43695007 |
| FNMA, 5.50%, 10/1/52 | 22322114 | 22397150 |
| FNMA, 5.00%, 1/1/53 | 20033876 | 19756982 |
| FNMA, 5.50%, 1/1/53 | 45042878 | 45145572 |
| FNMA, 5.50%, 1/1/53 | 42766598 | 42977266 |
| FNMA, 6.50%, 1/1/53 | 36410427 | 37759804 |
| FNMA, 5.00%, 2/1/53 | 9967187 | 9882099 |
| FNMA, 6.00%, 9/1/53 | 26079033 | 26555604 |
| FNMA, 6.00%, 9/1/53 | 24958488 | 25594863 |
| FNMA, 5.50%, 3/1/54 | 50611941 | 50774304 |
| FNMA, 6.00%, 5/1/54 | 27202453 | 27697629 |
| GNMA, 2.50%, TBA | 40135000 | 34104792 |
| GNMA, 4.00%, TBA | 52449000 | 48774045 |
| GNMA, 5.50%, TBA | 24880000 | 24920425 |
| GNMA, 7.00%, 4/20/26 | 53 | 55 |
| GNMA, 7.50%, 8/15/26 | 212 | 213 |
| GNMA, 8.00%, 8/15/26 | 26 | 26 |
| GNMA, 6.50%, 3/15/28 | 1290 | 1300 |
| GNMA, 6.50%, 5/15/28 | 2749 | 2777 |
| GNMA, 7.00%, 5/15/31 | 4363 | 4520 |

---

------

---

| | | |
|:---|:---|:---|
| GNMA, 6.00%, 7/15/33 | 204531 | 209927 |
| GNMA, 4.50%, 8/15/33 | 377356 | 375630 |
| GNMA, 6.00%, 9/20/38 | 163371 | 174349 |
| GNMA, 6.00%, 1/20/39 | 59745 | 62587 |
| GNMA, 6.00%, 2/20/39 | 61629 | 64560 |
| GNMA, 4.50%, 4/15/39 | 303541 | 296094 |
| GNMA, 4.50%, 6/15/39 | 461928 | 454338 |
| GNMA, 5.00%, 9/15/39 | 15157 | 15366 |
| GNMA, 5.00%, 10/15/39 | 231171 | 234354 |
| GNMA, 4.50%, 1/15/40 | 437073 | 429485 |
| GNMA, 4.00%, 11/20/40 | 599448 | 573555 |
| GNMA, 4.00%, 12/15/40 | 227006 | 215120 |
| GNMA, 4.50%, 12/15/40 | 894143 | 876045 |
| GNMA, 4.50%, 6/15/41 | 174637 | 170904 |
| GNMA, 3.50%, 6/20/42 | 4496605 | 4211343 |
| GNMA, 3.00%, 5/20/50 | 7693418 | 6836284 |
| GNMA, 3.00%, 7/20/50 | 20356786 | 18076184 |
| GNMA, 2.00%, 10/20/50 | 51533808 | 42013445 |
| GNMA, 2.50%, 11/20/50 | 27669801 | 23127411 |
| GNMA, 2.50%, 2/20/51 | 19620618 | 16697820 |
| GNMA, 3.50%, 2/20/51 | 1883756 | 1718798 |
| GNMA, 3.50%, 6/20/51 | 13628401 | 12470766 |
| GNMA, 3.00%, 7/20/51 | 18972056 | 16816640 |
| GNMA, 4.00%, 9/20/52 | 46642382 | 43616917 |
| GNMA, 4.50%, 9/20/52 | 33160630 | 32033367 |
| GNMA, 4.50%, 10/20/52 | 44907464 | 43390138 |
| GNMA, 5.00%, 12/20/54 | 28048827 | 27608208 |
| UMBS, 5.00%, TBA | 113900000 | 111637324 |
| UMBS, 5.50%, TBA | 132191000 | 132181412 |
|  |  | 2005454984 |
| **TOTAL U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES**<br>(Cost $2,041,914,933) |  | **2006784849** |
| **CORPORATE BONDS — 21.2%** |  |  |
| **Aerospace and Defense — 0.1%** |  |  |
| Boeing Co., 5.71%, 5/1/40 | 4575000 | 4522948 |
| Northrop Grumman Corp., 5.15%, 5/1/40 | 2858000 | 2798007 |
|  |  | 7320955 |
| **Air Freight and Logistics — 0.3%** |  |  |
| GXO Logistics, Inc., 6.25%, 5/6/29 | 11208000 | 11706888 |
| GXO Logistics, Inc., 6.50%, 5/6/34 | 3243000 | 3394409 |
|  |  | 15101297 |
| **Automobiles — 0.6%** |  |  |
| American Honda Finance Corp., 4.95%, 1/9/26 | 8290000 | 8309213 |
| Ford Motor Credit Co. LLC, 7.20%, 6/10/30 | 5540000 | 5832547 |
| Ford Motor Credit Co. LLC, 6.05%, 11/5/31 | 4461000 | 4439928 |
| Ford Motor Credit Co. LLC, 6.125%, 3/8/34 | 6350000 | 6184436 |
| General Motors Financial Co., Inc., 5.60%, 6/18/31 | 4150000 | 4234400 |
| Honda Motor Co. Ltd., 5.34%, 7/8/35<sup>(1)</sup> | 3845000 | 3856279 |
| Hyundai Capital America, 6.50%, 1/16/29<sup>(2)</sup> | 2111000 | 2227170 |
|  |  | 35083973 |
| **Banks — 3.2%** |  |  |
| Australia & New Zealand Banking Group Ltd., VRN, 2.57%, 11/25/35<sup>(2)</sup> | 9295000 | 8160271 |
| Bank of America Corp., VRN, 5.47%, 1/23/35 | 7755000 | 7970019 |
| Bank of America Corp., VRN, 5.51%, 1/24/36 | 5170000 | 5317837 |
| Bank of Nova Scotia, VRN, 3.625%, 10/27/81 | 8960000 | 8405630 |

---

------

---

| | | |
|:---|:---|:---|
| Bank of Nova Scotia, VRN, 8.625%, 10/27/82 | 8087000 | 8602296 |
| BNP Paribas SA, VRN, 4.375%, 3/1/33<sup>(2)</sup> | 5352000 | 5246812 |
| BPCE SA, VRN, 7.00%, 10/19/34<sup>(2)</sup> | 3910000 | 4297600 |
| BPCE SA, VRN, 3.65%, 1/14/37<sup>(2)</sup> | 7375000 | 6488558 |
| Citibank NA, 4.91%, 5/29/30 | 8215000 | 8374720 |
| Citigroup, Inc., VRN, 5.61%, 3/4/56 | 2760000 | 2711012 |
| Danske Bank AS, VRN, 5.71%, 3/1/30<sup>(2)</sup> | 3310000 | 3435153 |
| Intesa Sanpaolo SpA, 3.875%, 7/14/27<sup>(2)</sup> | 5800000 | 5725892 |
| Intesa Sanpaolo SpA, VRN, 4.20%, 6/1/32<sup>(2)</sup> | 8266000 | 7608028 |
| JPMorgan Chase & Co., VRN, 6.09%, 10/23/29 | 11845000 | 12451779 |
| JPMorgan Chase & Co., VRN, 5.10%, 4/22/31 | 8115000 | 8318348 |
| JPMorgan Chase & Co., VRN, 5.34%, 1/23/35 | 3150000 | 3225679 |
| JPMorgan Chase & Co., VRN, 5.77%, 4/22/35 | 9738000 | 10234663 |
| JPMorgan Chase & Co., VRN, 5.29%, 7/22/35 | 3139000 | 3195607 |
| Royal Bank of Canada, VRN, 5.15%, 2/4/31 | 8905000 | 9091589 |
| Societe Generale SA, VRN, 5.51%, 5/22/31<sup>(2)</sup> | 2509000 | 2559585 |
| Toronto-Dominion Bank, VRN, 8.125%, 10/31/82 | 15917000 | 16663619 |
| U.S. Bancorp, VRN, 5.73%, 10/21/26 | 4465000 | 4480234 |
| Wells Fargo & Co., VRN, 5.39%, 4/24/34 | 6490000 | 6643274 |
| Wells Fargo & Co., VRN, 5.56%, 7/25/34 | 3512000 | 3625806 |
| Wells Fargo & Co., VRN, 5.01%, 4/4/51 | 4800000 | 4373950 |
| Zions Bancorp NA, VRN, 6.82%, 11/19/35 | 6535000 | 6795950 |
|  |  | 174003911 |
| **Biotechnology — 0.2%** |  |  |
| AbbVie, Inc., 5.35%, 3/15/44 | 3849000 | 3775552 |
| Amgen, Inc., 5.65%, 3/2/53 | 6565000 | 6414449 |
|  |  | 10190001 |
| **Capital Markets — 1.9%** |  |  |
| Blackstone Private Credit Fund, 7.30%, 11/27/28 | 1772000 | 1890514 |
| Blackstone Private Credit Fund, 5.95%, 7/16/29 | 1265000 | 1289646 |
| Blue Owl Capital Corp., 2.875%, 6/11/28 | 2015000 | 1877715 |
| Blue Owl Capital Corp., 5.95%, 3/15/29 | 6231000 | 6265112 |
| Blue Owl Credit Income Corp., 6.60%, 9/15/29 | 8220000 | 8460055 |
| Blue Owl Technology Finance Corp., 6.10%, 3/15/28<sup>(2)</sup> | 5345000 | 5375423 |
| Citadel Finance LLC, 5.90%, 2/10/30<sup>(2)</sup> | 2546000 | 2571244 |
| Goldman Sachs Group, Inc., VRN, 6.48%, 10/24/29 | 7350000 | 7797793 |
| Goldman Sachs Group, Inc., VRN, 4.69%, 10/23/30 | 3222000 | 3232390 |
| Golub Capital BDC, Inc., 7.05%, 12/5/28 | 4543000 | 4771825 |
| HPS Corporate Lending Fund, 5.45%, 1/14/28 | 2520000 | 2527820 |
| HPS Corporate Lending Fund, 6.25%, 9/30/29 | 4332000 | 4418230 |
| LPL Holdings, Inc., 5.15%, 6/15/30 | 10775000 | 10912860 |
| Morgan Stanley, VRN, 5.16%, 4/20/29 | 4106000 | 4187205 |
| Morgan Stanley, VRN, 6.41%, 11/1/29 | 3540000 | 3750252 |
| Morgan Stanley, VRN, 6.63%, 11/1/34 | 9890000 | 10905904 |
| Morgan Stanley, VRN, 5.83%, 4/19/35 | 2310000 | 2421042 |
| Morgan Stanley, VRN, 5.52%, 11/19/55 | 2170000 | 2122243 |
| Northern Trust Corp., VRN, 3.375%, 5/8/32 | 16561000 | 16084662 |
| State Street Corp., VRN, 5.75%, 11/4/26 | 4465000 | 4485099 |
|  |  | 105347034 |
| **Communications Equipment — 0.2%** |  |  |
| Cisco Systems, Inc., 5.50%, 2/24/55 | 3903000 | 3898818 |
| Motorola Solutions, Inc., 4.85%, 8/15/30 | 3845000 | 3887530 |
| Motorola Solutions, Inc., 5.20%, 8/15/32 | 4055000 | 4124588 |
|  |  | 11910936 |

---

------

---

| | | |
|:---|:---|:---|
| **Construction Materials — 0.2%** | | |
| CRH America Finance, Inc., 5.50%, 1/9/35 | 5450000 | 5588204 |
| Martin Marietta Materials, Inc., 5.15%, 12/1/34 | 5531000 | 5560490 |
|  |  | 11148694 |
| **Consumer Finance — 0.3%** |  |  |
| Ally Financial, Inc., 8.00%, 11/1/31 | 9743000 | 11098784 |
| Avolon Holdings Funding Ltd., 6.375%, 5/4/28<sup>(2)</sup> | 2301000 | 2400478 |
| Avolon Holdings Funding Ltd., 5.15%, 1/15/30<sup>(2)</sup> | 2052000 | 2068190 |
| OneMain Finance Corp., 7.50%, 5/15/31 | 2674000 | 2795846 |
|  |  | 18363298 |
| **Consumer Staples Distribution & Retail — 0.0%** |  |  |
| Walgreens Boots Alliance, Inc., 3.45%, 6/1/26 | 1320000 | 1292350 |
| **Diversified Consumer Services — 0.2%** |  |  |
| Duke University, 3.30%, 10/1/46 | 3000000 | 2146738 |
| Leland Stanford Junior University, 4.68%, 3/1/35 | 895000 | 890112 |
| Massachusetts Institute of Technology, 5.62%, 6/1/55 | 1470000 | 1516863 |
| Novant Health, Inc., 3.17%, 11/1/51 | 3800000 | 2502141 |
| Pepperdine University, 3.30%, 12/1/59 | 5873000 | 3647525 |
|  |  | 10703379 |
| **Diversified REITs — 0.7%** |  |  |
| Cousins Properties LP, 5.375%, 2/15/32 | 6951000 | 7029497 |
| GLP Capital LP/GLP Financing II, Inc., 5.375%, 4/15/26 | 3105000 | 3107617 |
| Kilroy Realty LP, 2.50%, 11/15/32 | 4300000 | 3463520 |
| Kilroy Realty LP, 2.65%, 11/15/33 | 8821000 | 6933849 |
| Piedmont Operating Partnership LP, 9.25%, 7/20/28 | 6580000 | 7331814 |
| Piedmont Operating Partnership LP, 6.875%, 7/15/29 | 1173000 | 1236088 |
| Piedmont Operating Partnership LP, 3.15%, 8/15/30 | 918000 | 824040 |
| Trust Fibra Uno, 4.87%, 1/15/30<sup>(2)</sup> | 2487000 | 2363530 |
| Trust Fibra Uno, 7.70%, 1/23/32<sup>(2)</sup> | 3113000 | 3247995 |
|  |  | 35537950 |
| **Diversified Telecommunication Services — 0.1%** |  |  |
| AT&T, Inc., 6.375%, 3/1/41 | 1090000 | 1165444 |
| Sprint Capital Corp., 6.875%, 11/15/28 | 3699000 | 3971935 |
| Verizon Communications, Inc., 2.99%, 10/30/56 | 4050000 | 2439777 |
|  |  | 7577156 |
| **Electric Utilities — 1.8%** |  |  |
| AEP Transmission Co. LLC, 5.375%, 6/15/35 | 1129000 | 1154084 |
| Arizona Public Service Co., 5.70%, 8/15/34 | 4527000 | 4672271 |
| Black Hills Corp., 6.00%, 1/15/35 | 3166000 | 3285984 |
| Commonwealth Edison Co., 5.30%, 2/1/53 | 2516000 | 2386689 |
| Commonwealth Edison Co., 5.95%, 6/1/55 | 1882000 | 1950529 |
| DTE Electric Co., 5.85%, 5/15/55 | 1260000 | 1291198 |
| Duke Energy Corp., 5.00%, 8/15/52 | 1585000 | 1391673 |
| Duke Energy Corp., 5.80%, 6/15/54 | 5420000 | 5298999 |
| Duke Energy Florida LLC, 5.95%, 11/15/52 | 3375000 | 3469720 |
| Duke Energy Progress LLC, 4.35%, 3/6/27 | 4941000 | 4966481 |
| Duke Energy Progress LLC, 4.15%, 12/1/44 | 6698000 | 5468934 |
| Duke Energy Progress LLC, 5.35%, 3/15/53 | 2320000 | 2209356 |
| Duke Energy Progress LLC, 5.55%, 3/15/55 | 3030000 | 2964704 |
| Electricite de France SA, 6.375%, 1/13/55<sup>(2)</sup> | 6000000 | 6025801 |
| Florida Power & Light Co., 4.125%, 2/1/42 | 9311000 | 7924492 |
| MidAmerican Energy Co., 5.85%, 9/15/54 | 15842000 | 16325102 |
| Niagara Mohawk Power Corp., 4.65%, 10/3/30<sup>(1)(2)</sup> | 2025000 | 2025000 |
| Northern States Power Co., 5.10%, 5/15/53 | 4035000 | 3724360 |
| Northern States Power Co., 5.65%, 5/15/55 | 2356000 | 2354084 |

---

------

---

| | | |
|:---|:---|:---|
| Pacific Gas & Electric Co., 4.20%, 6/1/41 | 2405000 | 1851648 |
| PECO Energy Co., 4.375%, 8/15/52 | 4925000 | 4086185 |
| Public Service Electric & Gas Co., 5.50%, 3/1/55 | 5732000 | 5658126 |
| Union Electric Co., 5.45%, 3/15/53 | 3490000 | 3377591 |
| Vistra Operations Co. LLC, 6.00%, 4/15/34<sup>(2)</sup> | 2266000 | 2355133 |
|  |  | 96218144 |
| **Electronic Equipment, Instruments and Components — 0.1%** |  |  |
| Keysight Technologies, Inc., 5.35%, 7/30/30 | 4003000 | 4129814 |
| **Entertainment — 0.1%** |  |  |
| Warnermedia Holdings, Inc., 3.76%, 3/15/27 | 3456000 | 3225176 |
| **Financial Services — 0.8%** |  |  |
| Antares Holdings LP, 6.35%, 10/23/29<sup>(2)</sup> | 11010000 | 11127727 |
| Atlas Warehouse Lending Co. LP, 6.25%, 1/15/30<sup>(2)</sup> | 15263000 | 15431312 |
| Corebridge Financial, Inc., 5.75%, 1/15/34 | 2635000 | 2739317 |
| Corebridge Financial, Inc., VRN, 6.375%, 9/15/54 | 4077000 | 4073658 |
| Nationwide Building Society, VRN, 4.125%, 10/18/32<sup>(2)</sup> | 5076000 | 4963707 |
| Voya Financial, Inc., 5.00%, 9/20/34 | 4606000 | 4503717 |
|  |  | 42839438 |
| **Food Products — 0.4%** |  |  |
| Flowers Foods, Inc., 5.75%, 3/15/35 | 3365000 | 3450949 |
| Kraft Heinz Foods Co., 5.00%, 6/4/42 | 4575000 | 4129892 |
| Mars, Inc., 5.20%, 3/1/35<sup>(2)</sup> | 8020000 | 8120093 |
| Mars, Inc., 5.65%, 5/1/45<sup>(2)</sup> | 4800000 | 4814421 |
| Mars, Inc., 5.70%, 5/1/55<sup>(2)</sup> | 2682000 | 2677360 |
|  |  | 23192715 |
| **Gas Utilities — 0.2%** |  |  |
| Boston Gas Co., 5.84%, 1/10/35<sup>(2)</sup> | 2052000 | 2134324 |
| Eastern Energy Gas Holdings LLC, 5.65%, 10/15/54 | 2634000 | 2520902 |
| Snam SpA, 6.50%, 5/28/55<sup>(2)</sup> | 3985000 | 4145129 |
|  |  | 8800355 |
| **Ground Transportation — 0.2%** |  |  |
| Ashtead Capital, Inc., 5.95%, 10/15/33<sup>(2)</sup> | 6206000 | 6431782 |
| United Rentals North America, Inc., 6.00%, 12/15/29<sup>(2)</sup> | 2380000 | 2439345 |
|  |  | 8871127 |
| **Health Care Equipment and Supplies — 0.1%** |  |  |
| Medline Borrower LP/Medline Co-Issuer, Inc., 6.25%, 4/1/29<sup>(2)</sup> | 6640000 | 6829466 |
| **Health Care Providers and Services — 1.2%** |  |  |
| CVS Health Corp., 6.00%, 6/1/44 | 6085000 | 6018958 |
| CVS Health Corp., VRN, 7.00%, 3/10/55 | 4030000 | 4166658 |
| Duke University Health System, Inc., 3.92%, 6/1/47 | 2697000 | 2138636 |
| HCA, Inc., 5.25%, 3/1/30 | 4222000 | 4329991 |
| HCA, Inc., 6.20%, 3/1/55 | 1993000 | 2008832 |
| Humana, Inc., 5.75%, 4/15/54 | 2877000 | 2682217 |
| Icon Investments Six DAC, 6.00%, 5/8/34 | 4671000 | 4776265 |
| IQVIA, Inc., 6.25%, 2/1/29 | 6855000 | 7169240 |
| Kaiser Foundation Hospitals, 3.00%, 6/1/51 | 3415000 | 2214877 |
| Tenet Healthcare Corp., 6.25%, 2/1/27 | 5690000 | 5693337 |
| Tenet Healthcare Corp., 5.125%, 11/1/27 | 2071000 | 2069033 |
| UnitedHealth Group, Inc., 5.30%, 6/15/35 | 6082000 | 6201254 |
| UnitedHealth Group, Inc., 5.50%, 7/15/44 | 6109000 | 5954219 |
| UnitedHealth Group, Inc., 5.05%, 4/15/53 | 7490000 | 6690942 |
| Universal Health Services, Inc., 5.05%, 10/15/34 | 3751000 | 3581757 |
|  |  | 65696216 |
| **Hotels, Restaurants and Leisure — 0.5%** |  |  |
| Carnival Corp., 4.00%, 8/1/28<sup>(2)</sup> | 9071000 | 8883911 |

---

------

---

| | | |
|:---|:---|:---|
| Expedia Group, Inc., 5.40%, 2/15/35 | 5339000 | 5378428 |
| Hyatt Hotels Corp., 5.75%, 3/30/32 | 4871000 | 5002570 |
| Royal Caribbean Cruises Ltd., 6.00%, 2/1/33<sup>(2)</sup> | 8967000 | 9145461 |
|  |  | 28410370 |
| **Household Durables — 0.1%** |  |  |
| DR Horton, Inc., 4.85%, 10/15/30 | 3778000 | 3812830 |
| Meritage Homes Corp., 5.65%, 3/15/35 | 3864000 | 3877833 |
|  |  | 7690663 |
| **Industrial Conglomerates — 0.2%** |  |  |
| Siemens Financieringsmaatschappij NV, 1.20%, 3/11/26<sup>(2)</sup> | 5425000 | 5314476 |
| Siemens Funding BV, 5.80%, 5/28/55<sup>(2)</sup> | 2750000 | 2832034 |
|  |  | 8146510 |
| **Insurance — 0.7%** |  |  |
| American International Group, Inc., 4.375%, 6/30/50 | 3240000 | 2715238 |
| Athene Global Funding, 5.53%, 7/11/31<sup>(2)</sup> | 4397000 | 4495161 |
| Beacon Funding Trust, 6.27%, 8/15/54<sup>(2)</sup> | 4760000 | 4716876 |
| Brown & Brown, Inc., 4.90%, 6/23/30 | 6055000 | 6114689 |
| CNO Financial Group, Inc., 6.45%, 6/15/34 | 3306000 | 3469407 |
| Liberty Mutual Group, Inc., VRN, 4.125%, 12/15/51<sup>(2)</sup> | 6825000 | 6648323 |
| Lincoln National Corp., 7.00%, 6/15/40 | 5050000 | 5584393 |
| MetLife, Inc., 6.40%, 12/15/66 | 4646000 | 4874091 |
|  |  | 38618178 |
| **IT Services — 0.2%** |  |  |
| Kyndryl Holdings, Inc., 3.15%, 10/15/31 | 10657000 | 9629337 |
| **Machinery — 0.4%** |  |  |
| AGCO Corp., 5.80%, 3/21/34 | 4544000 | 4614691 |
| Caterpillar, Inc., 5.20%, 5/15/35 | 2550000 | 2600694 |
| Nordson Corp., 4.50%, 12/15/29 | 7680000 | 7688084 |
| Weir Group, Inc., 5.35%, 5/6/30<sup>(2)</sup> | 4967000 | 5038218 |
|  |  | 19941687 |
| **Media — 0.2%** |  |  |
| Cox Communications, Inc., 5.70%, 6/15/33<sup>(2)</sup> | 4294000 | 4348379 |
| Time Warner Cable LLC, 6.55%, 5/1/37 | 6581000 | 6800394 |
|  |  | 11148773 |
| **Metals and Mining — 0.3%** |  |  |
| Glencore Funding LLC, 5.19%, 4/1/30<sup>(2)</sup> | 7500000 | 7649997 |
| Glencore Funding LLC, 5.89%, 4/4/54<sup>(2)</sup> | 1690000 | 1657946 |
| Newmont Corp./Newcrest Finance Pty. Ltd., 5.35%, 3/15/34 | 5715000 | 5866481 |
| Rio Tinto Finance USA PLC, 5.75%, 3/14/55 | 3760000 | 3768435 |
|  |  | 18942859 |
| **Mortgage Real Estate Investment Trusts (REITs) — 0.4%** |  |  |
| Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 4.75%, 6/15/29<sup>(2)</sup> | 11180000 | 10893411 |
| Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 5.50%, 8/1/30<sup>(1)</sup> | 3233000 | 3256094 |
| Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 7.00%, 7/15/31<sup>(2)</sup> | 8040000 | 8412614 |
|  |  | 22562119 |
| **Multi-Utilities — 0.4%** |  |  |
| Dominion Energy, Inc., 4.90%, 8/1/41 | 7017000 | 6338332 |
| Engie SA, 5.875%, 4/10/54<sup>(2)</sup> | 6535000 | 6463847 |
| NiSource, Inc., 5.35%, 7/15/35 | 5253000 | 5298091 |
| Sempra, 3.25%, 6/15/27 | 2608000 | 2554753 |
|  |  | 20655023 |
| **Oil, Gas and Consumable Fuels — 1.9%** |  |  |
| BP Capital Markets America, Inc., 3.06%, 6/17/41 | 3565000 | 2634186 |
| Cheniere Energy, Inc., 4.625%, 10/15/28 | 5865000 | 5858584 |
| Columbia Pipelines Operating Co. LLC, 6.04%, 11/15/33<sup>(2)</sup> | 5015000 | 5265023 |

---

------

---

| | | |
|:---|:---|:---|
| Diamondback Energy, Inc., 6.25%, 3/15/33 | 4965000 | 5290148 |
| Enbridge, Inc., VRN, 6.00%, 1/15/77 | 13120000 | 13134832 |
| Energy Transfer LP, 6.55%, 12/1/33 | 7966000 | 8647357 |
| Energy Transfer LP, 6.125%, 12/15/45 | 6130000 | 6026828 |
| Eni SpA, 5.95%, 5/15/54<sup>(2)</sup> | 5504000 | 5330603 |
| EOG Resources, Inc., 5.95%, 7/15/55<sup>(1)</sup> | 1025000 | 1044663 |
| Expand Energy Corp., 6.75%, 4/15/29<sup>(2)</sup> | 1853000 | 1876340 |
| Greensaif Pipelines Bidco SARL, 5.85%, 2/23/36<sup>(2)</sup> | 7531000 | 7623997 |
| Northern Natural Gas Co., 5.625%, 2/1/54<sup>(2)</sup> | 1030000 | 993921 |
| Petroleos Mexicanos, 6.49%, 1/23/27 | 3566000 | 3550231 |
| Petroleos Mexicanos, 6.50%, 3/13/27 | 9234000 | 9175619 |
| Petroleos Mexicanos, 5.35%, 2/12/28 | 17922000 | 17220920 |
| Petroleos Mexicanos, 6.84%, 1/23/30 | 1562000 | 1510016 |
| Petroleos Mexicanos, 5.95%, 1/28/31 | 2183000 | 1975561 |
| Shell Finance U.S., Inc., 4.375%, 5/11/45 | 2790000 | 2362455 |
| SM Energy Co., 6.75%, 9/15/26 | 4530000 | 4535807 |
|  |  | 104057091 |
| **Passenger Airlines — 0.4%** |  |  |
| Delta Air Lines, Inc., 4.95%, 7/10/28 | 4680000 | 4709774 |
| Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 6/20/27<sup>(2)</sup> | 15461359 | 15491308 |
|  |  | 20201082 |
| **Pharmaceuticals — 0.1%** |  |  |
| Bristol-Myers Squibb Co., 5.55%, 2/22/54 | 5490000 | 5359763 |
| **Professional Services — 0.1%** |  |  |
| Paychex, Inc., 5.35%, 4/15/32 | 5985000 | 6148330 |
| **Semiconductors and Semiconductor Equipment — 1.0%** |  |  |
| Foundry JV Holdco LLC, 5.50%, 1/25/31<sup>(2)</sup> | 10122000 | 10389421 |
| Foundry JV Holdco LLC, 5.90%, 1/25/33<sup>(2)</sup> | 3175000 | 3294412 |
| Foundry JV Holdco LLC, 5.875%, 1/25/34<sup>(2)</sup> | 2740000 | 2786919 |
| Foundry JV Holdco LLC, 6.10%, 1/25/36<sup>(2)</sup> | 4447000 | 4606200 |
| Foundry JV Holdco LLC, 6.30%, 1/25/39<sup>(2)</sup> | 3632000 | 3804412 |
| Intel Corp., 3.90%, 3/25/30 | 8445000 | 8189751 |
| Intel Corp., 5.15%, 2/21/34 | 4215000 | 4208219 |
| Intel Corp., 5.70%, 2/10/53 | 3535000 | 3292243 |
| Intel Corp., 5.60%, 2/21/54 | 3314000 | 3042334 |
| Micron Technology, Inc., 5.30%, 1/15/31 | 9605000 | 9839029 |
|  |  | 53452940 |
| **Software — 0.6%** |  |  |
| AppLovin Corp., 5.125%, 12/1/29 | 1648000 | 1669930 |
| AppLovin Corp., 5.375%, 12/1/31 | 2939000 | 2991950 |
| Oracle Corp., 3.60%, 4/1/40 | 16280000 | 13039376 |
| Oracle Corp., 5.50%, 9/27/64 | 3000000 | 2734589 |
| Synopsys, Inc., 5.00%, 4/1/32 | 10141000 | 10276338 |
|  |  | 30712183 |
| **Specialized REITs — 0.2%** |  |  |
| EPR Properties, 4.95%, 4/15/28 | 7880000 | 7867733 |
| EPR Properties, 3.75%, 8/15/29 | 990000 | 943066 |
| VICI Properties LP, 5.75%, 4/1/34 | 2127000 | 2175600 |
|  |  | 10986399 |
| **Specialty Retail — 0.1%** |  |  |
| Home Depot, Inc., 5.30%, 6/25/54 | 3908000 | 3755004 |
| **Technology Hardware, Storage and Peripherals — 0.3%** |  |  |
| Apple, Inc., 4.50%, 5/12/32 | 7900000 | 8002414 |
| Dell International LLC/EMC Corp., 5.30%, 4/1/32 | 2542000 | 2599127 |
| Hewlett Packard Enterprise Co., 4.85%, 10/15/31 | 3352000 | 3344812 |
|  |  | 13946353 |

---

------

---

| | | |
|:---|:---|:---|
| **Trading Companies and Distributors — 0.1%** | | |
| Aircastle Ltd., 5.95%, 2/15/29<sup>(2)</sup> | 2870000 | 2966451 |
| Aircastle Ltd./Aircastle Ireland DAC, 5.75%, 10/1/31<sup>(2)</sup> | 2540000 | 2613506 |
|  |  | 5579957 |
| **Wireless Telecommunication Services — 0.1%** |  |  |
| U.S. Cellular Corp., 6.70%, 12/15/33 | 6998000 | 7382771 |
| **TOTAL CORPORATE BONDS**<br>(Cost $1,146,336,281) |  | **1150710777** |
| **U.S. TREASURY SECURITIES — 17.8%** |  |  |
| U.S. Treasury Bonds, 4.50%, 5/15/38 | 10000000 | 10121094 |
| U.S. Treasury Bonds, 3.50%, 2/15/39 | 30500000 | 27548887 |
| U.S. Treasury Bonds, 4.375%, 11/15/39 | 5000000 | 4902930 |
| U.S. Treasury Bonds, 4.625%, 2/15/40 | 10000000 | 10061328 |
| U.S. Treasury Bonds, 3.75%, 8/15/41 | 11000000 | 9858320 |
| U.S. Treasury Bonds, 3.00%, 5/15/42 | 7000000 | 5591797 |
| U.S. Treasury Bonds, 3.25%, 5/15/42 | 11500000 | 9517598 |
| U.S. Treasury Bonds, 3.375%, 8/15/42 | 10000000 | 8396484 |
| U.S. Treasury Bonds, 4.00%, 11/15/42 | 6500000 | 5932012 |
| U.S. Treasury Bonds, 3.875%, 5/15/43 | 10000000 | 8935156 |
| U.S. Treasury Bonds, 4.375%, 8/15/43 | 32000000 | 30511875 |
| U.S. Treasury Bonds, 4.75%, 11/15/43 | 49100000 | 49063558 |
| U.S. Treasury Bonds, 4.50%, 2/15/44 | 25000000 | 24164063 |
| U.S. Treasury Bonds, 4.625%, 5/15/44 | 7500000 | 7357324 |
| U.S. Treasury Bonds, 4.625%, 11/15/44 | 6000000 | 5875313 |
| U.S. Treasury Bonds, 2.50%, 2/15/45 | 7600000 | 5352656 |
| U.S. Treasury Bonds, 3.00%, 5/15/45 | 14000000 | 10728047 |
| U.S. Treasury Bonds, 2.50%, 2/15/46 | 8000000 | 5546250 |
| U.S. Treasury Bonds, 2.75%, 11/15/47 | 10000000 | 7114063 |
| U.S. Treasury Notes, 4.25%, 3/15/27<sup>(3)</sup> | 1000000 | 1007734 |
| U.S. Treasury Notes, 0.50%, 8/31/27 | 3000000 | 2801133 |
| U.S. Treasury Notes, 3.875%, 6/15/28 | 38000000 | 38203359 |
| U.S. Treasury Notes, 1.25%, 9/30/28 | 2000000 | 1850820 |
| U.S. Treasury Notes, 4.125%, 3/31/29 | 130000000 | 131787500 |
| U.S. Treasury Notes, 4.00%, 5/31/30 | 168000000 | 169653750 |
| U.S. Treasury Notes, 4.125%, 8/31/30 | 114500000 | 116177246 |
| U.S. Treasury Notes, 4.375%, 11/30/30 | 136500000 | 140056465 |
| U.S. Treasury Notes, 3.75%, 12/31/30<sup>(3)</sup> | 27000000 | 26872383 |
| U.S. Treasury Notes, 4.00%, 1/31/31<sup>(3)</sup> | 10000000 | 10073047 |
| U.S. Treasury Notes, 4.125%, 3/31/32 | 5000000 | 5045508 |
| U.S. Treasury Notes, 4.125%, 5/31/32 | 71000000 | 71615703 |
| **TOTAL U.S. TREASURY SECURITIES**<br>(Cost $971,997,169) |  | **961723403** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS — 10.8%** |  |  |
| **Private Sponsor Collateralized Mortgage Obligations — 10.4%** |  |  |
| BRAVO Residential Funding Trust, Series 2024-NQM2, Class A1, 6.29%, 2/25/64<sup>(2)</sup> | 14557522 | 14701522 |
| BRAVO Residential Funding Trust, Series 2024-RPL1, Class A1, SEQ, VRN, 3.25%, 10/25/63<sup>(2)</sup> | 16789314 | 15543793 |
| Chase Home Lending Mortgage Trust, Series 2024-10, Class A4, VRN, 6.00%, 10/25/55<sup>(2)</sup> | 15185157 | 15347007 |
| Chase Home Lending Mortgage Trust, Series 2024-2, Class A4A, SEQ, VRN, 6.00%, 2/25/55<sup>(2)</sup> | 6162182 | 6226129 |
| Chase Home Lending Mortgage Trust, Series 2024-6, Class A4, VRN, 6.00%, 5/25/55<sup>(2)</sup> | 9040851 | 9125658 |
| Chase Home Lending Mortgage Trust, Series 2024-8, Class A6A, SEQ, VRN, 5.50%, 8/25/55<sup>(2)</sup> | 10607974 | 10596084 |
| Chase Home Lending Mortgage Trust, Series 2024-9, Class A4, VRN, 5.50%, 9/25/55<sup>(2)</sup> | 17067566 | 17132233 |
| Chase Home Lending Mortgage Trust, Series 2024-9, Class A6, SEQ, VRN, 5.50%, 9/25/55<sup>(2)</sup> | 7124786 | 7128579 |
| Chase Home Lending Mortgage Trust, Series 2025-5, Class A4A, VRN, 5.50%, 4/25/56<sup>(2)</sup> | 19500856 | 19577686 |
| CHL Mortgage Pass-Through Trust, Series 2005-17, Class 1A11, 5.50%, 9/25/35 | 10893 | 10882 |
| Citigroup Mortgage Loan Trust, Series 2024-CMI1, Class A11, VRN, 5.50%, 6/25/54<sup>(2)</sup> | 23481771 | 23534873 |

---

------

---

| | | |
|:---|:---|:---|
| Citigroup Mortgage Loan Trust, Series 2025-2, Class A10, VRN, 6.00%, 2/25/55<sup>(2)</sup> | 14046394 | 14220241 |
| Citigroup Mortgage Loan Trust, Series 2025-3, Class A11, VRN, 5.50%, 6/25/55<sup>(2)</sup> | 13780854 | 13828845 |
| Credit Suisse Mortgage Trust, Series 2020-AFC1, Class A3, VRN, 3.51%, 2/25/50<sup>(2)</sup> | 904789 | 868783 |
| EFMT, Series 2025-CES2, Class A1A, 5.66%, 2/25/60<sup>(2)</sup> | 13272717 | 13383899 |
| GCAT Trust, Series 2021-NQM1, Class A3, SEQ, VRN, 1.15%, 1/25/66<sup>(2)</sup> | 1916828 | 1719044 |
| GCAT Trust, Series 2024-INV2, Class A6, SEQ, VRN, 6.00%, 6/25/54<sup>(2)</sup> | 7924268 | 8007789 |
| GCAT Trust, Series 2024-INV3, Class A6, SEQ, VRN, 5.50%, 9/25/54<sup>(2)</sup> | 10187145 | 10232244 |
| GS Mortgage-Backed Securities Trust, Series 2023-PJ4, Class A15, SEQ, VRN, 6.00%, 1/25/54<sup>(2)</sup> | 6586412 | 6651668 |
| GS Mortgage-Backed Securities Trust, Series 2023-PJ6, Class A15, SEQ, VRN, 6.00%, 4/25/54<sup>(2)</sup> | 7304839 | 7367074 |
| GS Mortgage-Backed Securities Trust, Series 2024-PJ1, Class A15, VRN, 6.00%, 6/25/54<sup>(2)</sup> | 14740361 | 14832004 |
| JP Morgan Mortgage Trust, Series 2020-3, Class A15, VRN, 3.50%, 8/25/50<sup>(2)</sup> | 1764630 | 1587244 |
| JP Morgan Mortgage Trust, Series 2023-7, Class A4A, SEQ, VRN, 5.50%, 2/25/54<sup>(2)</sup> | 18413751 | 18470248 |
| JP Morgan Mortgage Trust, Series 2023-8, Class A2, VRN, 6.00%, 2/25/54<sup>(2)</sup> | 4552838 | 4589333 |
| JP Morgan Mortgage Trust, Series 2024-10, Class A4, VRN, 5.50%, 3/25/55<sup>(2)</sup> | 14846564 | 14889049 |
| JP Morgan Mortgage Trust, Series 2024-10, Class A6, SEQ, VRN, 5.50%, 3/25/55<sup>(2)</sup> | 10903499 | 10898425 |
| JP Morgan Mortgage Trust, Series 2024-11, Class A4, VRN, 6.00%, 4/25/55<sup>(2)</sup> | 22569427 | 22802504 |
| JP Morgan Mortgage Trust, Series 2024-11, Class A6, SEQ, VRN, 6.00%, 4/25/55<sup>(2)</sup> | 9254895 | 9318422 |
| JP Morgan Mortgage Trust, Series 2024-5, Class A6, SEQ, VRN, 6.00%, 11/25/54<sup>(2)</sup> | 12406296 | 12443903 |
| JP Morgan Mortgage Trust, Series 2024-INV1, Class A4, SEQ, VRN, 6.00%, 4/25/55<sup>(2)</sup> | 13451035 | 13611877 |
| JP Morgan Mortgage Trust, Series 2025-2, Class A4, VRN, 6.00%, 7/25/55<sup>(2)</sup> | 19394378 | 19644934 |
| MFA Trust, Series 2021-INV2, Class A3, SEQ, VRN, 2.26%, 11/25/56<sup>(2)</sup> | 8672046 | 7818762 |
| MFA Trust, Series 2021-NQM1, Class A3, VRN, 1.64%, 4/25/65<sup>(2)</sup> | 2647638 | 2498460 |
| MFA Trust, Series 2024-NQM1, Class A1, SEQ, 6.58%, 3/25/69<sup>(2)</sup> | 10264732 | 10396063 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-1, Class A3, VRN, 6.00%, 3/25/55<sup>(2)</sup> | 9922079 | 10018042 |
| OBX Trust, Series 2024-HYB1, Class A1, SEQ, VRN, 3.65%, 3/25/53<sup>(2)</sup> | 3734639 | 3681711 |
| OBX Trust, Series 2024-HYB2, Class A1, SEQ, VRN, 3.68%, 4/25/53<sup>(2)</sup> | 6162302 | 6155593 |
| OBX Trust, Series 2024-NQM7, Class A1, 6.24%, 3/25/64<sup>(2)</sup> | 5322135 | 5380547 |
| OBX Trust, Series 2025-J1, Class A4, SEQ, VRN, 6.00%, 5/25/55<sup>(2)</sup> | 9436499 | 9569563 |
| Provident Funding Mortgage Trust, Series 2024-1, Class A3, VRN, 5.50%, 12/25/54<sup>(2)</sup> | 22278614 | 22359615 |
| Provident Funding Mortgage Trust, Series 2025-1, Class A3, VRN, 5.50%, 2/25/55<sup>(2)</sup> | 25810612 | 25912275 |
| Rate Mortgage Trust, Series 2024-J1, Class A7, SEQ, VRN, 6.00%, 7/25/54<sup>(2)</sup> | 8819093 | 8867370 |
| Rate Mortgage Trust, Series 2024-J3, Class A8, SEQ, VRN, 5.50%, 10/25/54<sup>(2)</sup> | 5671395 | 5673563 |
| Rate Mortgage Trust, Series 2025-J1, Class A5, VRN, 5.50%, 3/25/55<sup>(2)</sup> | 5950901 | 5983557 |
| RCKT Mortgage Trust, Series 2024-CES8, Class A1A, 5.49%, 11/25/44<sup>(2)</sup> | 10496397 | 10524853 |
| Saluda Grade Alternative Mortgage Trust, Series 2024-CES1, Class A1, SEQ, VRN, 6.31%, 3/25/54<sup>(2)</sup> | 13388294 | 13563627 |
| Sequoia Mortgage Trust, Series 2024-10, Class A11, VRN, 5.50%, 11/25/54<sup>(2)</sup> | 6622587 | 6620770 |
| Sequoia Mortgage Trust, Series 2024-10, Class A5, SEQ, VRN, 5.50%, 11/25/54<sup>(2)</sup> | 9048949 | 9075602 |
| Sequoia Mortgage Trust, Series 2024-6, Class A11, SEQ, VRN, 6.00%, 7/27/54<sup>(2)</sup> | 13775308 | 13848850 |
| Sequoia Mortgage Trust, Series 2024-8, Class A5, SEQ, VRN, 5.50%, 9/25/54<sup>(2)</sup> | 7313689 | 7332282 |
| SoFi Mortgage Trust, Series 2016-1A, Class 1A4, SEQ, VRN, 3.00%, 11/25/46<sup>(2)</sup> | 888037 | 795427 |
| Towd Point Mortgage Trust, Series 2024-1, Class A1, SEQ, VRN, 4.82%, 3/25/64<sup>(2)</sup> | 17879420 | 18174037 |
| Verus Securitization Trust, Series 2021-R2, Class A2, VRN, 1.12%, 2/25/64<sup>(2)</sup> | 1789697 | 1660966 |
| Verus Securitization Trust, Series 2021-R2, Class A3, VRN, 1.23%, 2/25/64<sup>(2)</sup> | 2111726 | 1960083 |
|  |  | 566163594 |
| **U.S. Government Agency Collateralized Mortgage Obligations — 0.4%** |  |  |
| FHLMC, Series 2023-HQA2, Class M1A, VRN, 6.31%, (30-day average SOFR plus 2.00%), 6/25/43<sup>(2)</sup> | 1843382 | 1853962 |
| FHLMC, Series 3397, Class GF, VRN, 4.92%, (30-day average SOFR plus 0.61%), 12/15/37 | 646829 | 643909 |
| FNMA, Series 2017-C03, Class 1M2C, VRN, 7.42%, (30-day average SOFR plus 3.11%), 10/25/29 | 1729936 | 1759740 |
| FNMA, Series 2023-39, Class AI, IO, 2.00%, 7/25/52 | 132545677 | 16945991 |
| GNMA, Series 2007-5, Class FA, VRN, 4.57%, (1-month SOFR plus 0.25%), 2/20/37 | 541323 | 541195 |
|  |  | 21744797 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS**<br>(Cost $582,629,032) |  | **587908391** |

---

------

---

| | | |
|:---|:---|:---|
| **ASSET-BACKED SECURITIES — 4.7%** | | |
| Aligned Data Centers Issuer LLC, Series 2021-1A, Class B, 2.48%, 8/15/46<sup>(2)</sup> | 10582000 | 10163559 |
| Blackbird Capital II Aircraft Lease Ltd., Series 2021-1A, Class A, SEQ, 2.44%, 7/15/46<sup>(2)</sup> | 9561606 | 8978077 |
| BRAVO Residential Funding Trust, Series 2024-CES1, Class A1A, 6.38%, 4/25/54<sup>(2)</sup> | 9753853 | 9855065 |
| Capital Automotive REIT, Series 2024-2A, Class A1, SEQ, 4.90%, 5/15/54<sup>(2)</sup> | 12962833 | 12924583 |
| CyrusOne Data Centers Issuer I LLC, Series 2024-2A, Class A2, SEQ, 4.50%, 5/20/49<sup>(2)</sup> | 11800000 | 11506365 |
| DI Issuer LLC, Series 2021-1A, Class A2, SEQ, 3.72%, 9/15/51<sup>(2)</sup> | 28969852 | 27558258 |
| Enterprise Fleet Financing LLC, Series 2024-1, Class A2, SEQ, 5.23%, 3/20/30<sup>(2)</sup> | 8742294 | 8807627 |
| Flexential Issuer, Series 2021-1A, Class A2, SEQ, 3.25%, 11/27/51<sup>(2)</sup> | 18500000 | 17913872 |
| Goodgreen Trust, Series 2018-1A, Class A, VRN, 3.93%, 10/15/53<sup>(2)</sup> | 5867113 | 5438945 |
| Goodgreen Trust, Series 2020-1A, Class A, SEQ, 2.63%, 4/15/55<sup>(2)</sup> | 6952717 | 5856727 |
| Hotwire Funding LLC, Series 2024-1A, Class A2, SEQ, 5.89%, 6/20/54<sup>(2)</sup> | 10375000 | 10541797 |
| New Economy Assets - Phase 1 Sponsor LLC, Series 2021-1, Class B1, 2.41%, 10/20/61<sup>(2)</sup> | 22715000 | 20860005 |
| PK Alift Loan Funding 3 LP, Series 2024-1, Class A1, SEQ, 5.84%, 9/15/39<sup>(2)</sup> | 10117543 | 10256842 |
| RCKT Mortgage Trust, Series 2024-CES1, Class A1A, VRN, 6.03%, 2/25/44<sup>(2)</sup> | 10459951 | 10527648 |
| RCKT Mortgage Trust, Series 2024-CES2, Class A1A, VRN, 6.14%, 4/25/44<sup>(2)</sup> | 6510707 | 6561538 |
| RCKT Mortgage Trust, Series 2024-CES3, Class A1A, VRN, 6.59%, 5/25/44<sup>(2)</sup> | 5792979 | 5872635 |
| RCKT Mortgage Trust, Series 2024-CES4, Class A1A, 6.15%, 6/25/44<sup>(2)</sup> | 14019897 | 14153069 |
| RCKT Mortgage Trust, Series 2024-CES6, Class A1A, 5.34%, 9/25/44<sup>(2)</sup> | 4692769 | 4695841 |
| SCF Equipment Leasing LLC, Series 2024-1A, Class B, 5.56%, 4/20/32<sup>(2)</sup> | 5425000 | 5599582 |
| SCF Equipment Leasing LLC, Series 2024-1A, Class C, 5.82%, 9/20/32<sup>(2)</sup> | 3150000 | 3261791 |
| Sierra Timeshare Receivables Funding LLC, Series 2021-1A, Class C, 1.79%, 11/20/37<sup>(2)</sup> | 1169303 | 1148385 |
| Subway Funding LLC, Series 2024-1A, Class A2I, SEQ, 6.03%, 7/30/54<sup>(2)</sup> | 20633315 | 21024102 |
| Switch ABS Issuer LLC, Series 2024-2A, Class A2, SEQ, 5.44%, 6/25/54<sup>(2)</sup> | 9075000 | 9154996 |
| Towd Point Mortgage Trust, Series 2024-CES3, Class A1, VRN, 6.29%, 5/25/64<sup>(2)</sup> | 10149062 | 10252024 |
| **TOTAL ASSET-BACKED SECURITIES**<br>(Cost $254,835,007) |  | **252913333** |
| **CONVERTIBLE PREFERRED SECURITIES — 4.3%** |  |  |
| **Banks — 3.6%** |  |  |
| Australia & New Zealand Banking Group Ltd., 6.75%<sup>(2)</sup> | 2838000 | 2875470 |
| Banco Bilbao Vizcaya Argentaria SA, 6.125% | 6000000 | 5891896 |
| Banco Santander SA, 4.75% | 9200000 | 8941741 |
| BNP Paribas SA, 7.375%<sup>(2)</sup> | 4200000 | 4209788 |
| BNP Paribas SA, 4.625%<sup>(2)</sup> | 11665000 | 11359189 |
| Credit Agricole SA, 8.125%<sup>(2)</sup> | 22150000 | 22445592 |
| Danske Bank AS, 4.375% | 22550000 | 22220488 |
| ING Groep NV, 5.75% | 19425000 | 19334435 |
| Intesa Sanpaolo SpA, 7.70%<sup>(2)</sup> | 8450000 | 8486715 |
| Lloyds Banking Group PLC, 7.50% | 20045000 | 20148934 |
| Macquarie Bank Ltd., 6.125%<sup>(2)</sup> | 13489000 | 13563203 |
| NatWest Group PLC, 6.00% | 16895000 | 16909484 |
| Nordea Bank Abp, 6.625%<sup>(2)</sup> | 18945000 | 19101296 |
| Skandinaviska Enskilda Banken AB, 6.875% | 8600000 | 8775558 |
| Societe Generale SA, 4.75%<sup>(2)</sup> | 8201000 | 8099672 |
| Societe Generale SA, 9.375%<sup>(2)</sup> | 3705000 | 3941079 |
|  |  | 196304540 |
| **Capital Markets — 0.4%** |  |  |
| Deutsche Bank AG, 6.00% | 9800000 | 9779860 |
| UBS Group AG, 9.25%<sup>(2)</sup> | 7430000 | 8128227 |
|  |  | 17908087 |
| **Insurance — 0.3%** |  |  |
| Allianz SE, 3.50%<sup>(2)</sup> | 18000000 | 17741824 |
| **TOTAL CONVERTIBLE PREFERRED SECURITIES**<br>(Cost $229,982,632) |  | **231954451** |

---

------

---

| | | |
|:---|:---|:---|
| **COMMERCIAL MORTGAGE-BACKED SECURITIES — 2.5%** | | |
| ARZ Trust, Series 2024-BILT, Class A, SEQ, 5.77%, 6/11/29<sup>(2)</sup> | 8788000 | 9032409 |
| Bank5, Series 2024-5YR7, Class A3, SEQ, 5.77%, 6/15/57 | 22036000 | 22920274 |
| Bank5 Trust, Series 2024-5YR6, Class A3, SEQ, 6.23%, 5/15/57 | 11969000 | 12610440 |
| BBCMS Mortgage Trust, Series 2024-5C27, Class A3, SEQ, 6.01%, 7/15/57 | 5852000 | 6131571 |
| BX Trust, Series 2018-GW, Class A, VRN, 5.41%, (1-month SOFR plus 1.10%), 5/15/35<sup>(2)</sup> | 9307000 | 9289881 |
| BX Trust, Series 2023-LIFE, Class A, SEQ, 5.05%, 2/15/28<sup>(2)</sup> | 18507000 | 18234841 |
| DBSG Mortgage Trust, Series 2024-ALTA, Class A, SEQ, VRN, 6.14%, 6/10/37<sup>(2)</sup> | 9714000 | 9890799 |
| FS Commercial Mortgage Trust, Series 2023-4SZN, Class A, SEQ, 7.07%, 11/10/39<sup>(2)</sup> | 13050000 | 13373773 |
| MIRA Trust, Series 2023-MILE, Class A, SEQ, 6.75%, 6/10/38<sup>(2)</sup> | 13305000 | 13860931 |
| SWCH Commercial Mortgage Trust, Series 2025-DATA, Class A, VRN, 5.75%, (1-month SOFR plus 1.44%), 2/15/42<sup>(2)</sup> | 18520000 | 18413575 |
| **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES**<br>(Cost $131,921,323) |  | **133758494** |
| **COLLATERALIZED LOAN OBLIGATIONS — 2.4%** |  |  |
| ACREC LLC, Series 2023-FL2, Class A, VRN, 6.54%, (1-month SOFR plus 2.23%), 2/19/38<sup>(2)</sup> | 8229160 | 8247787 |
| Elmwood CLO 37 Ltd., Series 2024-13A, Class C, VRN, 5.99%, (3-month SOFR plus 1.70%), 1/17/38<sup>(2)</sup> | 13825000 | 13833957 |
| GoldenTree Loan Management U.S. CLO 23 Ltd., Series 2024-23A, Class C, VRN, 6.03%, (3-month SOFR plus 1.75%), 1/20/39<sup>(2)</sup> | 13825000 | 13835456 |
| Madison Park Funding LXVIII Ltd., Series 2024-68A, Class C, VRN, 6.10%, (3-month SOFR plus 1.80%), 1/20/38<sup>(2)</sup> | 13825000 | 13839989 |
| Magnetite XLI Ltd., Series 2024-41A, Class C, VRN, 6.09%, (3-month SOFR plus 1.78%), 1/25/38<sup>(2)</sup> | 6375000 | 6379660 |
| MF1 Ltd., Series 2021-FL7, Class AS, VRN, 5.88%, (1-month SOFR plus 1.56%), 10/16/36<sup>(2)</sup> | 17817000 | 17671291 |
| Mountain View CLO LLC, Series 2017-2A, Class B, VRN, 6.22%, (3-month SOFR plus 1.96%), 1/16/31<sup>(2)</sup> | 9200000 | 9230535 |
| Octagon Investment Partners XV Ltd., Series 2013-1A, Class BRR, VRN, 6.03%, (3-month SOFR plus 1.76%), 7/19/30<sup>(2)</sup> | 13675000 | 13715521 |
| Palmer Square Loan Funding Ltd., Series 2025-1A, Class A2, VRN, 5.52%, (3-month SOFR plus 1.20%), 2/15/33<sup>(2)</sup> | 7400000 | 7362142 |
| Ready Capital Mortgage Financing LLC, Series 2023-FL12, Class A, VRN, 6.65%, (1-month SOFR plus 2.34%), 5/25/38<sup>(2)</sup> | 1157963 | 1159669 |
| Shackleton CLO Ltd., Series 2017-11A, Class BR1, VRN, 6.24%, (3-month SOFR plus 1.91%), 8/15/30<sup>(2)</sup> | 16550000 | 16586931 |
| THL Credit Wind River CLO Ltd., Series 2013-2A, Class BR2, VRN, 6.10%, (3-month SOFR plus 1.83%), 10/18/30<sup>(2)</sup> | 6338507 | 6348473 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS**<br>(Cost $128,146,204) |  | **128211411** |
| **PREFERRED SECURITIES — 2.1%** |  |  |
| **Banks — 1.3%** |  |  |
| Citigroup, Inc., 3.875% | 13010000 | 12863413 |
| Citigroup, Inc., 4.00% | 11425000 | 11373047 |
| Citizens Financial Group, Inc., 5.65% | 5719000 | 5730864 |
| Comerica, Inc., 5.625% | 12765000 | 12765000 |
| Fifth Third Bancorp, 4.50% | 8985000 | 8966028 |
| M&T Bank Corp., 5.125% | 611000 | 609328 |
| Wells Fargo & Co., 3.90% | 16965000 | 16801724 |
|  |  | 69109404 |
| **Capital Markets — 0.4%** |  |  |
| Charles Schwab Corp., 4.00% | 11074000 | 10921533 |
| Charles Schwab Corp., 5.00% | 11275000 | 11263454 |
|  |  | 22184987 |
| **Consumer Finance — 0.1%** |  |  |
| American Express Co., 3.55% | 7190000 | 7040059 |
| **Multi-Utilities — 0.2%** |  |  |
| Sempra, 4.875% | 11773000 | 11753897 |
| **Oil, Gas and Consumable Fuels — 0.1%** |  |  |
| BP Capital Markets PLC, 4.375% | 6000000 | 5997239 |
| **TOTAL PREFERRED SECURITIES**<br>(Cost $114,825,079) |  | **116085586** |

---

------

---

| | | | |
|:---|:---|:---|:---|
| **MUNICIPAL SECURITIES — 1.0%** | | | |
| California State University Rev., 2.98%, 11/1/51 |  | 4000000 | 2681208 |
| Foothill-Eastern Transportation Corridor Agency Rev., 4.09%, 1/15/49 |  | 6048000 | 4853778 |
| Golden State Tobacco Securitization Corp. Rev., 2.75%, 6/1/34 |  | 10765000 | 9322298 |
| Houston GO, 3.96%, 3/1/47 |  | 2500000 | 2083231 |
| Los Angeles Community College District GO, 6.75%, 8/1/49 |  | 2400000 | 2685608 |
| Los Angeles Department of Airports Rev., 6.58%, 5/15/39 |  | 1300000 | 1404387 |
| Michigan Strategic Fund Rev., (Flint Water Advocacy Fund), 3.23%, 9/1/47 |  | 5000000 | 3716053 |
| Missouri Highway & Transportation Commission Rev., 5.45%, 5/1/33 |  | 100000 | 102418 |
| New Jersey Turnpike Authority Rev., 7.10%, 1/1/41 |  | 970000 | 1112026 |
| New York City GO, 5.97%, 3/1/36 |  | 500000 | 524672 |
| New York City GO, 6.27%, 12/1/37 |  | 335000 | 359325 |
| New York State Dormitory Authority Rev., Series F, 3.19%, 2/15/43<sup>(4)</sup> |  | 500000 | 377155 |
| Ohio Turnpike & Infrastructure Commission Rev., 3.22%, 2/15/48 |  | 5645000 | 4090634 |
| Port Authority of New York & New Jersey Rev., 4.93%, 10/1/51 |  | 2300000 | 2126349 |
| Regents of the University of California Medical Center Pooled Rev., 3.26%, 5/15/60 |  | 4120000 | 2604154 |
| State of California GO, 4.60%, 4/1/28, Prerefunded at 100% of Par<sup>(4)</sup> |  | 3035000 | 3086749 |
| State of California GO, 7.60%, 11/1/40 |  | 455000 | 549179 |
| Sumter Landing Community Development District Rev., 5.57%, 10/1/40 (AG) |  | 885000 | 897459 |
| Sumter Landing Community Development District Rev., 5.74%, 10/1/45 (AG) |  | 1330000 | 1335376 |
| Sumter Landing Community Development District Rev., 5.82%, 10/1/54 (AG) |  | 2410000 | 2416917 |
| Texas Natural Gas Securitization Finance Corp. Rev., SEQ, 5.17%, 4/1/41 |  | 3865000 | 3907344 |
| United Nations Development Corp. Rev., (City of New York), Series A, 6.54%, 8/1/55 |  | 840000 | 878464 |
| University of California Rev., 3.07%, 5/15/51 |  | 3480000 | 2305690 |
| **TOTAL MUNICIPAL SECURITIES**<br>(Cost $64,756,525) |  |  | **53420474** |
| **U.S. GOVERNMENT AGENCY SECURITIES — 0.9%** |  |  |  |
| FHLMC, 6.25%, 7/15/32 |  | 1000000 | 1134460 |
| FNMA, 0.75%, 10/8/27 |  | 29724000 | 27814302 |
| FNMA, 0.875%, 8/5/30 |  | 4300000 | 3716904 |
| FNMA, 6.625%, 11/15/30 |  | 10000000 | 11319386 |
| Tennessee Valley Authority, 1.50%, 9/15/31 |  | 4000000 | 3438816 |
| **TOTAL U.S. GOVERNMENT AGENCY SECURITIES**<br>(Cost $49,972,818) |  |  | **47423868** |
| **SOVEREIGN GOVERNMENTS AND AGENCIES — 0.4%** |  |  |  |
| **Brazil — 0.1%** |  |  |  |
| Brazil Government International Bonds, 6.625%, 3/15/35 |  | 5136000 | 5195180 |
| **Chile — 0.1%** |  |  |  |
| Chile Government International Bonds, 5.33%, 1/5/54 |  | 4940000 | 4643476 |
| **New Zealand — 0.2%** |  |  |  |
| New Zealand Government Bonds, 4.50%, 5/15/35 | NZD | 18600000 | 11313844 |
| **TOTAL SOVEREIGN GOVERNMENTS AND AGENCIES**<br>(Cost $20,988,984) |  |  | **21152500** |
| **SHORT-TERM INVESTMENTS — 2.0%** |  |  |  |
| **Commercial Paper**<sup>(5)</sup> **— 0.9%** |  |  |  |
| Hqla Funding LLC, 4.49%, 7/1/25 (LOC: Credit Agricole Corporate & Investment Bank)<sup>(2)</sup> |  | 22375000 | 22372272 |
| Mainbeach Funding LLC, 4.45%, 7/1/25<sup>(2)</sup> |  | 25300000 | 25296959 |
|  |  |  | 47669231 |
| **Money Market Funds — 0.1%** |  |  |  |
| State Street Institutional U.S. Government Money Market Fund, Premier Class<sup>(6)</sup> |  | 5939447 | 5939447 |
| **Repurchase Agreements — 1.0%** |  |  |  |
| BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 3.75%, 12/31/28, valued at $6,613,375), in a joint trading account at 4.35%, dated 6/30/25, due 7/1/25 (Delivery value $6,483,471) |  |  | 6482688 |

---

------

---

| | |
|:---|:---|
| Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 4.00 - 4.125%, 11/15/27 - 12/15/27, valued at $51,234,680), at 4.39%, dated 6/30/25, due 7/1/25 (Delivery value $50,236,125) | 50230000 |
|  | 56712688 |
| **TOTAL SHORT-TERM INVESTMENTS**<br>(Cost $110,327,135) | **110321366** |
| **TOTAL INVESTMENT SECURITIES — 107.1%**<br>(Cost $5,848,633,122) | **5802368903** |
| **OTHER ASSETS AND LIABILITIES — (7.1)%** | **(386718995)** |
| **TOTAL NET ASSETS — 100.0%** | $**5415649908** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** |
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement Date** | **Unrealized Appreciation <br>(Depreciation)** |
| USD | 11202230 | NZD | 18566938 | JPMorgan Chase Bank NA | 9/17/25 | $(144344) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** |
| **Reference Entity** | **Contracts** | **Expiration <br>Date** | **Notional<br>Amount** | **Unrealized <br>Appreciation <br>(Depreciation)^** |
| U.S. Treasury 2-Year Notes | 574 | September 2025 | $119405453 | $462330 |
| U.S. Treasury 5-Year Notes | 1752 | September 2025 | 190968000 | 938511 |
| U.S. Treasury 10-Year Notes | 1695 | September 2025 | 190051875 | 1716882 |
| U.S. Treasury Long Bonds | 528 | September 2025 | 60967500 | 1651281 |
| U.S. Treasury Ultra Bonds | 1320 | September 2025 | 157245000 | 4123863 |
|  |  |  | $718637828 | $8892867 |

---

^Amount represents value and unrealized appreciation (depreciation).

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** |
| **Reference Entity** | **Contracts** | **Expiration <br>Date** | **Notional<br>Amount** | **Unrealized <br>Appreciation<br>(Depreciation)^** |
| U.S. Treasury 10-Year Ultra Notes | 373 | September 2025 | $42621078 | $(656440) |

---

^Amount represents value and unrealized appreciation (depreciation).

------

---

| | | |
|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS** | **NOTES TO SCHEDULE OF INVESTMENTS** | **NOTES TO SCHEDULE OF INVESTMENTS** |
| AG | – | Assured Guaranty, Inc. |
| FHLMC | – | Federal Home Loan Mortgage Corp. |
| FNMA | – | Federal National Mortgage Association |
| GNMA | – | Government National Mortgage Association |
| GO | – | General Obligation |
| IO | – | Interest Only |
| NZD | – | New Zealand Dollar |
| RFUCC | – | FTSE USD IBOR Consumer Cash Fallbacks |
| SEQ | – | Sequential Payer |
| SOFR | – | Secured Overnight Financing Rate |
| TBA | – | To-Be-Announced. Security was purchased on a forward commitment basis with an approximate principal amount and maturity date. Actual principal amount and maturity date will be determined upon settlement. |
| UMBS | – | Uniform Mortgage-Backed Securities |
| USD | – | United States Dollar |
| VRN | – | Variable Rate Note. The rate adjusts periodically based upon the terms set forth in the security's offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated. The security's effective maturity date may be shorter than the final maturity date shown. |

---

(1)When-issued security. The issue price and yield are fixed on the date of the commitment, but payment and delivery are scheduled for a future date.

(2)Security was purchased pursuant to Rule 144A or Section 4(2) under the Securities Act of 1933 and may be sold in transactions exempt from registration, normally to qualified institutional investors. The aggregate value of these securities at the period end was $1,505,688,609, which represented 27.8% of total net assets.

(3)Security, or a portion thereof, has been pledged at the custodian bank or with a broker for collateral requirements on forward commitments, forward foreign currency exchange contracts and/or futures contracts. At the period end, the aggregate value of securities pledged was $15,035,654.

(4)Escrowed to maturity in U.S. government securities or state and local government securities.

(5)The rate indicated is the yield to maturity at purchase for non-interest bearing securities. For interest bearing securities, the stated coupon rate is shown.

(6)Includes securities purchased with cash collateral received at the custodian bank for collateral requirements on forward commitments. At the period end, the aggregate value of cash deposits received was $5,190,047.

------

**SUPPLEMENTARY NOTES TO SCHEDULE OF INVESTMENTS** 

**1. Investment Valuations**

The fund determines the fair value of its investments and computes its net asset value (NAV) per share at the close of regular trading (usually 4 p.m. Eastern time) on the New York Stock Exchange (NYSE) on each day the NYSE is open. The value of investments of the fund is determined by American Century Investment Management, Inc. (ACIM) (the investment advisor), as the valuation designee, pursuant to its valuation policies and procedures. The Board of Trustees oversees the valuation designee and reviews its valuation policies and procedures at least annually.

Fixed income securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Corporate bonds, U.S. Treasury and Government Agency securities, municipal securities, and sovereign governments and agencies are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information. Mortgage-related and asset-backed securities are valued based on models that consider trade data, prepayment and default projections, benchmark yield and spread data and estimated cash flows of each tranche of the issuer. Collateralized loan obligations are valued based on discounted cash flow models that consider trade and economic data, prepayment assumptions and default projections. Commercial paper is valued using a curve-based approach that considers money market rates for specific instruments, programs, currencies and maturity points from a variety of active market makers.

Equity securities that are listed or traded on a domestic securities exchange are valued at the last reported sales price or at the official closing price as provided by the exchange. Equity securities traded on foreign securities exchanges are generally valued at the closing price of such securities on the exchange where primarily traded or at the close of the NYSE, if that is earlier. If no last sales price is reported, or if local convention or regulation so provides, the mean of the latest bid and asked prices may be used. Securities traded over-the-counter are valued at the mean of the latest bid and asked prices, the last sales price, or the official closing price.

Hybrid securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Preferred securities and convertible preferred securities with perpetual maturities are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information.

Open-end management investment companies are valued at the reported NAV per share. Repurchase agreements are valued at cost, which approximates fair value. Exchange-traded futures contracts are valued at the settlement price as provided by the appropriate exchange. Forward foreign currency exchange contracts are valued at the mean of the appropriate forward exchange rate at the close of the NYSE as provided by an independent pricing service.

If the valuation designee determines that the market price for a portfolio security is not readily available or is believed by the valuation designee to be unreliable, such security is valued at fair value as determined in good faith by the valuation designee, in accordance with its policies and procedures. Circumstances that may cause the fund to determine that market quotations are not available or reliable include, but are not limited to: when there is a significant event subsequent to the market quotation; trading in a security has been halted during the trading day; or trading in a security is insufficient or did not take place due to a closure or holiday.

The valuation designee monitors for significant events occurring after the close of an investment's primary exchange but before the fund's NAV per share is determined. Significant events may include, but are not limited to: corporate announcements and transactions; regulatory news, governmental action and political unrest that could impact a specific investment or an investment sector; or armed conflicts, natural disasters and similar events that could affect investments in a specific country or region. The valuation designee also monitors for significant fluctuations between domestic and foreign markets, as evidenced by the U.S. market or such other indicators that it deems appropriate. The valuation designee may apply a model-derived factor to the closing price of equity securities traded on foreign securities exchanges. The factor is based on observable market data as provided by an independent pricing service.

**2. Fair Value Measurements**

The fund's investments valuation process is based on several considerations and may use multiple inputs to determine the fair value of the investments held by the fund. In conformity with accounting principles generally accepted in the United States of America, the inputs used to determine a valuation are classified into three broad levels.

• Level 1 valuation inputs consist of unadjusted quoted prices in an active market for identical investments.

• Level 2 valuation inputs consist of direct or indirect observable market data (including quoted prices for comparable investments, evaluations of subsequent market events, interest rates, prepayment speeds, credit risk, etc.). These inputs also consist of quoted prices for identical investments initially expressed in local currencies that are adjusted through translation into U.S. dollars.

• Level 3 valuation inputs consist of unobservable data (including a fund's own assumptions).

The level classification is based on the lowest level input that is significant to the fair valuation measurement. The valuation inputs are not necessarily an indication of the risks associated with investing in these securities or other financial instruments.

------

The following is a summary of the level classifications as of period end. The Schedule of Investments provides additional information on the fund's portfolio holdings.

---

| | | | |
|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** |
| **Assets** | **Assets** | **Assets** | **Assets** |
| **Investment Securities** | **Investment Securities** | **Investment Securities** | **Investment Securities** |
| U.S. Government Agency Mortgage-Backed Securities |  | $2006784849 |  |
| Corporate Bonds |  | 1150710777 |  |
| U.S. Treasury Securities |  | 961723403 |  |
| Collateralized Mortgage Obligations |  | 587908391 |  |
| Asset-Backed Securities |  | 252913333 |  |
| Convertible Preferred Securities |  | 231954451 |  |
| Commercial Mortgage-Backed Securities |  | 133758494 |  |
| Collateralized Loan Obligations |  | 128211411 |  |
| Preferred Securities |  | 116085586 |  |
| Municipal Securities |  | 53420474 |  |
| U.S. Government Agency Securities |  | 47423868 |  |
| Sovereign Governments and Agencies |  | 21152500 |  |
| Short-Term Investments | $5939447 | 104381919 |  |
|  | $5939447 | $5796429456 |  |
| **Other Financial Instruments** | **Other Financial Instruments** | **Other Financial Instruments** | **Other Financial Instruments** |
| Futures Contracts | $8892867 |  |  |
| **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** |
| **Other Financial Instruments** | **Other Financial Instruments** | **Other Financial Instruments** | **Other Financial Instruments** |
| Futures Contracts | $656440 |  |  |
| Forward Foreign Currency Exchange Contracts |  | $144344 |  |
|  | $656440 | $144344 |  |

---

*This schedule of investments provides information about the fund's portfolio holdings as of the date on the schedule. It is unaudited, and American Century Investments assumes no obligation to update or supplement the schedule to reflect subsequent changes. More information is available in the fund's most recent annual or semiannual shareholder report.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** American Century Investment Trust

- **b. Investment Company Act file number:** 811-07822

- **c. CIK number of Registrant:** 0000908406

- **d. LEI of Registrant:** 549300RGSU9J1L1HFF90

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

  - **Street Address 1:** 4500 Main St

  - **City:** Kansas City

  - **State:** MO

  - **Foreign country:** US

  - **Zip / Postal Code:** 64111

  - **Telephone number:** 816-531-5575

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

- **a. Name of Series:** Diversified Bond Fund

- **b. EDGAR series identifier (if any):** S000006579

- **c. LEI of Series:** W0XXXFJP1KT9YQTPLU26

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $5882457155.24

**Total Liabilities:** $485545946.40

**Net Assets:** $5396911208.84

**Cash Not Reported:** $1766.01

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 3134.000000000000 | **1-Year:** 49187.000000000000 | **5-Year:** 211575.000000000000 | **10-Year:** 488409.000000000000 | **30-Year:** 1295204.000000000000

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

- **3-Month:** 12.000000000000 | **1-Year:** 5316.000000000000 | **5-Year:** 7765.000000000000 | **10-Year:** 7513.000000000000 | **30-Year:** 16299.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017955 | 0.27%                | -0.61%               | 1.70%                |
| Class ID C000017956 | 0.25%                | -0.63%               | 1.79%                |
| Class ID C000017957 | 0.29%                | -0.59%               | 1.71%                |
| Class ID C000017960 | 0.19%                | -0.69%               | 1.62%                |
| Class ID C000017961 | 0.23%                | -0.65%               | 1.66%                |
| Class ID C000131613 | 0.29%                | -0.59%               | 1.72%                |
| Class ID C000189684 | 0.29%                | -0.59%               | 1.72%                |
| Class ID C000189686 | 0.29%                | -0.59%               | 1.71%                |
| Class ID C000237256 | 0.32%                | -0.56%               | 1.74%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-9179397.37             | $3155135.91                                |
| Month 2  | $-1851332.21             | $-37543806.85                              |
| Month 3  | $-224882.17              | $64333991.25                               |

**Designated Index Information**

- **Index Name:** Bloomberg US Aggregate

- **Index Identifier:** Bloomberg US Aggregate

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JPMORGAN CHASE BANK N.A                                                   | SOLD NZD/BOUGHT USD                                                                       | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-144344.27   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Arizona Public Service Co                                                 | Arizona Public Service Co 5.70 08/15/2034                                                 | CUSIP: 040555DH4<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |   4527000 | PA      | $4672270.75   | 0.09%             | 2034-08-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Ashtead Capital Inc                                                       | Ashtead Capital Inc 5.95 10/15/2033                                                       | CUSIP: 045054AR4<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   6206000 | PA      | $6431782.10   | 0.12%             | 2033-10-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                                     | Athene Global Funding 5.53 07/11/2031                                                     | CUSIP: 04685A3Z2<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   4397000 | PA      | $4495161.05   | 0.08%             | 2031-07-11      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Atlas Warehouse Lending Co LP                                             | Atlas Warehouse Lending Co LP 6.25 01/15/2030                                             | CUSIP: 049463AE2<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |  15263000 | PA      | $15431312.12  | 0.29%             | 2030-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd                                 | Australia & New Zealand Banking Group Ltd 2.57 11/25/2035                                 | CUSIP: 052528AM8<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |   9295000 | PA      | $8160270.95   | 0.15%             | 2035-11-25      | Variable      | 2.57%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR7                                                           | BANK5 2024-5YR7 5.77                                                                      | CUSIP: 06211UBL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  22036000 | PA      | $22920273.83  | 0.42%             | 2057-06-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia/The                                                   | Bank of Nova Scotia/The 3.63 10/27/2081                                                   | CUSIP: 0641598N9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   8960000 | PA      | $8405630.46   | 0.16%             | 2081-10-27      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia/The                                                   | Bank of Nova Scotia/The 8.63 10/27/2082                                                   | CUSIP: 0641598S8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   8087000 | PA      | $8602295.55   | 0.16%             | 2082-10-27      | Variable      | 8.62%                 | No            |                  2 | On Loan: No      |
| BANK5 Trust 2024-5YR6                                                     | BANK5 Trust 2024-5YR6 6.23                                                                | CUSIP: 066043AB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11969000 | PA      | $12610440.25  | 0.23%             | 2057-05-15      | Fixed         | 6.23%                 | No            |                  2 | On Loan: No      |
| Cisco Systems Inc/Delaware                                                | Cisco Systems Inc 5.50 02/24/2055                                                         | CUSIP: 17275RCA8<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |   3903000 | PA      | $3898818.21   | 0.07%             | 2055-02-24      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Citadel Finance LLC                                                       | Citadel Finance LLC 5.90 02/10/2030                                                       | CUSIP: 17287HAD2<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |   2546000 | PA      | $2571244.05   | 0.05%             | 2030-02-10      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust 2025-2                                      | Citigroup Mortgage Loan Trust 2025-2 6.00                                                 | CUSIP: 17292BAK2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14046394 | PA      | $14220241.09  | 0.26%             | 2055-02-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                             | Citigroup Inc (pfd) 4.00% 03/10/2174 Perpetual                                            | CUSIP: 172967MU2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |  11425000 | NS      | $11373047.10  | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Engie SA                                                                  | Engie SA 5.88 04/10/2054                                                                  | CUSIP: 29286DAC9<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | DBT              | CORP              | FR        |   6535000 | PA      | $6463847.05   | 0.12%             | 2054-04-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing 2024-1 LLC                                     | Enterprise Fleet Financing 2024-1 LLC 5.23                                                | CUSIP: 29375PAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8742294 | PA      | $8807626.97   | 0.16%             | 2030-03-20      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Expedia Group Inc                                                         | Expedia Group Inc 5.40 02/15/2035                                                         | CUSIP: 30212PBL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5339000 | PA      | $5378427.93   | 0.10%             | 2035-02-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| FS Commercial Mortgage Trust 2023-4SZN                                    | FS Commercial Mortgage Trust 2023-4SZN 7.07                                               | CUSIP: 30334RAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13050000 | PA      | $13373773.11  | 0.25%             | 2039-11-10      | Fixed         | 7.07%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue                                             | Fannie Mae Connecticut Avenue Securities 7.42                                             | CUSIP: 30711XJV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |   1729936 | PA      | $1759740.14   | 0.03%             | 2029-10-25      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Gold Pool                                                     | Freddie Mac Gold Pool 6.00                                                                | CUSIP: 3128LXDC1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    795398 | PA      | $831803.95    | 0.02%             | 2035-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Gold Pool                                                     | Freddie Mac Gold Pool 6.00                                                                | CUSIP: 3128M5YL8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    460985 | PA      | $484021.67    | 0.01%             | 2038-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 3.00                                                                     | CUSIP: 3132DM5Y7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  17045422 | PA      | $14811220.63  | 0.27%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 3.00                                                                     | CUSIP: 3132DMJA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  21778989 | PA      | $18874089.29  | 0.35%             | 2050-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 4.50                                                                     | CUSIP: 3132DN3B7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  31559982 | PA      | $30286410.07  | 0.56%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 3.50                                                                     | CUSIP: 3132DNFZ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  19400510 | PA      | $17675666.29  | 0.33%             | 2051-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 3.50                                                                     | CUSIP: 3132DNQ71<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   4471104 | PA      | $4066880.09   | 0.08%             | 2050-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 5.00                                                                     | CUSIP: 3132DNXS7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   8080906 | PA      | $7999836.16   | 0.15%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 3.00                                                                     | CUSIP: 3132DPEF1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   7890382 | PA      | $6904960.99   | 0.13%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 6.00                                                                     | CUSIP: 3132DPM96<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  25481147 | PA      | $26041501.36  | 0.48%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 3.50                                                                     | CUSIP: 3132DQQF6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  30822118 | PA      | $28370978.46  | 0.53%             | 2049-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 4.50                                                                     | CUSIP: 3132DWE66<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  12050218 | PA      | $11554802.80  | 0.21%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 2.50                                                                     | CUSIP: 3133AQXM4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  22626282 | PA      | $18872368.32  | 0.35%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 2.50                                                                     | CUSIP: 3133AUTC2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  12520734 | PA      | $10521427.83  | 0.19%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 4.00                                                                      | CUSIP: 3138WGLG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1677936 | PA      | $1591221.78   | 0.03%             | 2046-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 4.00                                                                      | CUSIP: 3138WGXY5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   2581817 | PA      | $2448787.17   | 0.05%             | 2046-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICS                                                        | Freddie Mac REMICS 4.92                                                                   | CUSIP: 31397PM31<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    646829 | PA      | $643908.63    | 0.01%             | 2037-12-15      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 3.18                                                                      | CUSIP: 3140FS6H1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    821661 | PA      | $813876.68    | 0.02%             | 2047-03-01      | Floating      | 3.18%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 3.10                                                                      | CUSIP: 3140FTAF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    521543 | PA      | $515988.00    | 0.01%             | 2047-04-01      | Floating      | 3.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 2.00                                                                      | CUSIP: 3140L23B7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   3195848 | PA      | $2535554.59   | 0.05%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 3.00                                                                      | CUSIP: 3140LNDX2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1314844 | PA      | $1156823.10   | 0.02%             | 2051-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 4.00                                                                      | CUSIP: 3140MKAG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   8656877 | PA      | $8121891.93   | 0.15%             | 2052-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 4.50                                                                      | CUSIP: 3140N24W8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  11311290 | PA      | $10945820.01  | 0.20%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 5.00                                                                      | CUSIP: 3140N25N7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  12750862 | PA      | $12599985.84  | 0.23%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 2.50                                                                      | CUSIP: 3140QFFH7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  33862813 | PA      | $28278200.43  | 0.52%             | 2050-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 2.50                                                                      | CUSIP: 3140QG5L7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  21990083 | PA      | $18487066.18  | 0.34%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 2.50                                                                      | CUSIP: 3140QGE60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  10007738 | PA      | $8316872.74   | 0.15%             | 2050-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 3.50                                                                      | CUSIP: 3140QN3F7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  23181275 | PA      | $21234385.40  | 0.39%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 4.00                                                                      | CUSIP: 3140QN4N9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  30826422 | PA      | $28741586.66  | 0.53%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 3.50                                                                      | CUSIP: 3140QN7H9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  31150738 | PA      | $28174687.89  | 0.52%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 2.00                                                                      | CUSIP: 3140QNEL2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   6466449 | PA      | $5207589.19   | 0.10%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 3.00                                                                      | CUSIP: 3140QNF31<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  15977679 | PA      | $13965750.36  | 0.26%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 2.50                                                                      | CUSIP: 3140QNN24<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  26220415 | PA      | $22021804.15  | 0.41%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd/United Kingdom                  | Australia & New Zealand Banking Group Ltd/United Kingdom (pfd) 6.75% 12/15/2173 Perpetual | CUSIP: 05254HAA2<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | EP               | CORP              | GB        |   2838000 | NS      | $2875470.11   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd                                               | Avolon Holdings Funding Ltd 6.38 05/04/2028                                               | CUSIP: 05401AAS0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | IE        |   2301000 | PA      | $2400478.17   | 0.04%             | 2028-05-04      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd                                               | Avolon Holdings Funding Ltd 5.15 01/15/2030                                               | CUSIP: 05401AAX9<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | IE        |   2052000 | PA      | $2068189.54   | 0.04%             | 2030-01-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust 2024-5C27                                            | BBCMS Mortgage Trust 2024-5C27 6.01                                                       | CUSIP: 05555FAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5852000 | PA      | $6131571.11   | 0.11%             | 2057-07-15      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                            | BNP Paribas SA (pfd) 7.38% 02/19/2174 Perpetual                                           | CUSIP: 05565AAN3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EP               | CORP              | FR        |   4200000 | NS      | $4209787.68   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                            | BNP Paribas SA (pfd) 4.63% 07/12/2173 Perpetual                                           | CUSIP: 05565AB28<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EP               | CORP              | FR        |  11665000 | NS      | $11359189.19  | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| BP Capital Markets PLC                                                    | BP Capital Markets PLC (pfd) 4.38% 09/22/2173 Perpetual                                   | CUSIP: 05565QDU9<br>LEI: 549300CRVT18MXX0AG93 | Long             | EP               | CORP              | GB        |   6000000 | NS      | $5997239.40   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| BPCE SA                                                                   | BPCE SA 7.00 10/19/2034                                                                   | CUSIP: 05571AAS4<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   3910000 | PA      | $4297599.94   | 0.08%             | 2034-10-19      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                   | BPCE SA 3.65 01/14/2037                                                                   | CUSIP: 05578QAH6<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   7375000 | PA      | $6488558.34   | 0.12%             | 2037-01-14      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| BX Trust 2023-LIFE                                                        | BX Trust 2023-LIFE 5.05                                                                   | CUSIP: 05609DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18507000 | PA      | $18234841.61  | 0.34%             | 2028-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                                        | Banco Bilbao Vizcaya Argentaria SA (pfd) 6.13% 02/16/2174 Perpetual                       | CUSIP: 05946KAF8<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EP               | CORP              | ES        |   6000000 | NS      | $5891895.60   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                        | Banco Santander SA (pfd) 4.75% 08/12/2173 Perpetual                                       | CUSIP: 05971KAH2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EP               | CORP              | ES        |   9200000 | NS      | $8941741.28   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                      | Bank of America Corp 5.47 01/23/2035                                                      | CUSIP: 06051GMA4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   7755000 | PA      | $7970019.40   | 0.15%             | 2035-01-23      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                      | Bank of America Corp 5.51 01/24/2036                                                      | CUSIP: 06051GMM8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5170000 | PA      | $5317837.24   | 0.10%             | 2036-01-24      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| Beacon Funding Trust                                                      | Beacon Funding Trust 6.27 08/15/2054                                                      | CUSIP: 073952AB9<br>LEI: 984500A80A2EBF5A7C93 | Long             | DBT              | CORP              | US        |   4760000 | PA      | $4716875.83   | 0.09%             | 2054-08-15      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| Black Hills Corp                                                          | Black Hills Corp 6.00 01/15/2035                                                          | CUSIP: 092113AX7<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |   3166000 | PA      | $3285984.43   | 0.06%             | 2035-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Blackbird Capital II Aircraft Lease Ltd                                   | Blackbird Capital II Aircraft Lease Ltd 2.44                                              | CUSIP: 09229CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9561606 | PA      | $8978077.22   | 0.17%             | 2046-07-15      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                            | Blackstone Private Credit Fund 7.30 11/27/2028                                            | CUSIP: 09261HBC0<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   1772000 | PA      | $1890513.52   | 0.04%             | 2028-11-27      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                            | Blackstone Private Credit Fund 5.95 07/16/2029                                            | CUSIP: 09261HBN6<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   1265000 | PA      | $1289645.91   | 0.02%             | 2029-07-16      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Blue Owl Credit Income Corp                                               | Blue Owl Credit Income Corp 6.60 09/15/2029                                               | CUSIP: 09581CAB7<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |   8220000 | PA      | $8460055.07   | 0.16%             | 2029-09-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Blue Owl Technology Finance Corp                                          | Blue Owl Technology Finance Corp 6.10 03/15/2028                                          | CUSIP: 095924AA4<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |   5345000 | PA      | $5375423.05   | 0.10%             | 2028-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                            | BNP Paribas SA 4.38 03/01/2033                                                            | CUSIP: 09659T2A8<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   5352000 | PA      | $5246812.22   | 0.10%             | 2033-03-01      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| Boeing Co/The                                                             | Boeing Co/The 5.71 05/01/2040                                                             | CUSIP: 097023CV5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   4575000 | PA      | $4522948.44   | 0.08%             | 2040-05-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Boston Gas Co                                                             | Boston Gas Co 5.84 01/10/2035                                                             | CUSIP: 100743AP8<br>LEI: FN7P4E7K9JOBORDEUX61 | Long             | DBT              | CORP              | US        |   2052000 | PA      | $2134323.82   | 0.04%             | 2035-01-10      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets America Inc                                            | BP Capital Markets America Inc 3.06 06/17/2041                                            | CUSIP: 10373QBR0<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |   3565000 | PA      | $2634186.24   | 0.05%             | 2041-06-17      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust 2024 RPL1                                 | BRAVO Residential Funding Trust 2024 RPL1 3.25                                            | CUSIP: 10568TAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16789314 | PA      | $15543793.43  | 0.29%             | 2063-10-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust 2024-NQM2                                 | BRAVO Residential Funding Trust 2024-NQM2 6.29                                            | CUSIP: 10569KAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14557522 | PA      | $14701522.25  | 0.27%             | 2064-02-25      | Variable      | 6.29%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust 2024-CES1                                 | BRAVO Residential Funding Trust 2024-CES1 6.38                                            | CUSIP: 10570NAA6<br>LEI: 254900UJENIYH5UEYD42 | Long             | ABS-MBS          | CORP              | US        |   9753853 | PA      | $9855065.18   | 0.18%             | 2054-04-25      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Brazilian Government International Bond                                   | Brazilian Government International Bond 6.63 03/15/2035                                   | CUSIP: 105756CL2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   5136000 | PA      | $5195179.92   | 0.10%             | 2035-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co                                                   | Bristol-Myers Squibb Co 5.55 02/22/2054                                                   | CUSIP: 110122EK0<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   5490000 | PA      | $5359762.54   | 0.10%             | 2054-02-22      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Brown & Brown Inc                                                         | Brown & Brown Inc 4.90 06/23/2030                                                         | CUSIP: 115236AK7<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   6055000 | PA      | $6114688.92   | 0.11%             | 2030-06-23      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-GW                                                          | BX Trust 2018-GW 5.41                                                                     | CUSIP: 12433UAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9307000 | PA      | $9289880.70   | 0.17%             | 2035-05-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Capital Automotive REIT                                                   | Capital Automotive REIT 4.90                                                              | CUSIP: 12510HAV2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12962833 | PA      | $12924582.62  | 0.24%             | 2054-05-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CSMC 2020-AFC1 Trust                                                      | CSMC 2020-AFC1 Trust 3.51                                                                 | CUSIP: 12597MAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    904789 | PA      | $868783.15    | 0.02%             | 2050-02-25      | Variable      | 3.51%                 | No            |                  2 | On Loan: No      |
| CNO Financial Group Inc                                                   | CNO Financial Group Inc 6.45 06/15/2034                                                   | CUSIP: 12621EAM5<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | DBT              | CORP              | US        |   3306000 | PA      | $3469406.79   | 0.06%             | 2034-06-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| CRH America Finance Inc                                                   | CRH America Finance Inc 5.50 01/09/2035                                                   | CUSIP: 12636YAF9<br>LEI: 549300WEVUODRJ4CWK56 | Long             | DBT              | CORP              | US        |   5450000 | PA      | $5588204.04   | 0.10%             | 2035-01-09      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines Inc                                                       | Delta Air Lines Inc 4.95 07/10/2028                                                       | CUSIP: 247361A24<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |   4680000 | PA      | $4709774.16   | 0.09%             | 2028-07-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 2.50                                                                     | CUSIP: 3133KL2S5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   7643237 | PA      | $6407233.52   | 0.12%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 3.00                                                                      | CUSIP: 3140X7RA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   2646524 | PA      | $2352277.46   | 0.04%             | 2050-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 2.00                                                                      | CUSIP: 3140XAUZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  10620888 | PA      | $9830995.89   | 0.18%             | 2036-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 2.50                                                                      | CUSIP: 3140XDS98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  21036823 | PA      | $17666488.20  | 0.33%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 2.00                                                                      | CUSIP: 3140XF4G3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  42505217 | PA      | $34104114.31  | 0.63%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 4.00                                                                      | CUSIP: 3140XGMP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  20137282 | PA      | $18855425.74  | 0.35%             | 2052-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 3.50                                                                      | CUSIP: 3140XGST7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   7783298 | PA      | $7019379.33   | 0.13%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 3.00                                                                      | CUSIP: 3140XHCM7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  15212308 | PA      | $13413792.00  | 0.25%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 4.00                                                                      | CUSIP: 3140XHN94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   6122835 | PA      | $5722983.12   | 0.11%             | 2052-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 3.00                                                                      | CUSIP: 3140XHR33<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   6165871 | PA      | $5436877.29   | 0.10%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 3.00                                                                      | CUSIP: 3140XHWY9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  34152861 | PA      | $29852519.78  | 0.55%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 3.00                                                                      | CUSIP: 3140XJQY2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   9952469 | PA      | $8699339.62   | 0.16%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 2.50                                                                      | CUSIP: 3140XKAQ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   9189502 | PA      | $7698405.87   | 0.14%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 5.00                                                                      | CUSIP: 3140XKP20<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   9967187 | PA      | $9882099.00   | 0.18%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 3.50                                                                      | CUSIP: 3140XKZH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  25741931 | PA      | $23571288.05  | 0.44%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 5.50                                                                      | CUSIP: 3140XNVZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  45042878 | PA      | $45145571.83  | 0.84%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 4.50                                                                      | CUSIP: 31412PG47<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    612065 | PA      | $611007.72    | 0.01%             | 2039-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 6.00                                                                      | CUSIP: 31413H2Y3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    570657 | PA      | $598561.64    | 0.01%             | 2037-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 6.00                                                                      | CUSIP: 31413YQ61<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    480784 | PA      | $504294.01    | 0.01%             | 2037-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 6.00                                                                      | CUSIP: 31415P4G0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    352623 | PA      | $364286.99    | 0.01%             | 2033-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 4.50                                                                      | CUSIP: 31416CEZ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1754355 | PA      | $1751324.82   | 0.03%             | 2039-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 4.00                                                                      | CUSIP: 31417AQF9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1254743 | PA      | $1211388.44   | 0.02%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 4.50                                                                      | CUSIP: 31417MJK0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    604633 | PA      | $603588.79    | 0.01%             | 2039-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC                                                     | Foundry JV Holdco LLC 6.30 01/25/2039                                                     | CUSIP: 350930AK9<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   3632000 | PA      | $3804412.35   | 0.07%             | 2039-01-25      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STACR REMIC Trust 2023-HQA2                                   | Freddie Mac STACR REMIC Trust 2023-HQA2 6.31                                              | CUSIP: 35564K2F5<br>LEI: 5493000KIGZAWUOW4E32 | Long             | ABS-MBS          | CORP              | US        |   1843382 | PA      | $1853961.87   | 0.03%             | 2043-06-25      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| GCAT 2021-NQM1 Trust                                                      | GCAT 2021-NQM1 Trust 1.15                                                                 | CUSIP: 36167TAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1916828 | PA      | $1719043.49   | 0.03%             | 2066-01-25      | Variable      | 1.15%                 | No            |                  2 | On Loan: No      |
| GCAT 2024-INV2 Trust                                                      | GCAT 2024-INV2 Trust 6.00                                                                 | CUSIP: 36170KAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7924268 | PA      | $8007788.66   | 0.15%             | 2054-06-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                                       | Intesa Sanpaolo SpA 3.88 07/14/2027                                                       | CUSIP: 46115HBB2<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |   5800000 | PA      | $5725891.49   | 0.11%             | 2027-07-14      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                                       | Intesa Sanpaolo SpA 4.20 06/01/2032                                                       | CUSIP: 46115HBQ9<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |   8266000 | PA      | $7608027.89   | 0.14%             | 2032-06-01      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| IQVIA Inc                                                                 | IQVIA Inc 6.25 02/01/2029                                                                 | CUSIP: 46266TAF5<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   6855000 | PA      | $7169240.06   | 0.13%             | 2029-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                  | JP Morgan Mortgage Trust 2020-3 3.50                                                      | CUSIP: 46592ABH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1764630 | PA      | $1587244.36   | 0.03%             | 2050-08-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2025-2                                    | JP Morgan Mortgage Trust Series 2025-2 6.00                                               | CUSIP: 46593NAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  19394378 | PA      | $19644933.92  | 0.36%             | 2055-07-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                       | JPMorgan Chase & Co 6.09 10/23/2029                                                       | CUSIP: 46647PDX1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  11845000 | PA      | $12451778.84  | 0.23%             | 2029-10-23      | Variable      | 6.09%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                       | JPMorgan Chase & Co 5.34 01/23/2035                                                       | CUSIP: 46647PEC6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3225679.13   | 0.06%             | 2035-01-23      | Variable      | 5.34%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                       | JPMorgan Chase & Co 5.77 04/22/2035                                                       | CUSIP: 46647PEH5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   9738000 | PA      | $10234662.93  | 0.19%             | 2035-04-22      | Variable      | 5.77%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                       | JPMorgan Chase & Co 5.29 07/22/2035                                                       | CUSIP: 46647PEK8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3139000 | PA      | $3195606.81   | 0.06%             | 2035-07-22      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                       | JPMorgan Chase & Co 5.10 04/22/2031                                                       | CUSIP: 46647PEY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   8115000 | PA      | $8318347.70   | 0.15%             | 2031-04-22      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust 2023-8                                         | J.P. Morgan Mortgage Trust 2023-8 6.00                                                    | CUSIP: 46657CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4552837 | PA      | $4589333.04   | 0.09%             | 2054-02-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2023-7                                           | JP Morgan Mortgage Trust 2023-7 5.50                                                      | CUSIP: 46657DAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18413751 | PA      | $18470248.46  | 0.34%             | 2054-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust 2024-10                                        | J.P. Morgan Mortgage Trust 2024-10 5.50                                                   | CUSIP: 46658LAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14846564 | PA      | $14889049.32  | 0.28%             | 2055-03-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust 2024-10                                        | J.P. Morgan Mortgage Trust 2024-10 5.50                                                   | CUSIP: 46658LAK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10903499 | PA      | $10898424.68  | 0.20%             | 2055-03-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2024-INV1                                        | JP Morgan Mortgage Trust 2024-INV1 6.00                                                   | CUSIP: 46658PAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13451035 | PA      | $13611877.44  | 0.25%             | 2055-04-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2024-5                                    | JP Morgan Mortgage Trust Series 2024-5 6.00                                               | CUSIP: 46658RAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12406296 | PA      | $12443903.10  | 0.23%             | 2054-11-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2024-11                                          | JP Morgan Mortgage Trust 2024-11 6.00                                                     | CUSIP: 46659AAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  22569427 | PA      | $22802503.79  | 0.42%             | 2055-04-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2024-11                                          | JP Morgan Mortgage Trust 2024-11 6.00                                                     | CUSIP: 46659AAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9254895 | PA      | $9318422.28   | 0.17%             | 2055-04-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| KAISER FDTN HOSPITALS                                                     | Kaiser Foundation Hospitals 3.00 06/01/2051                                               | CUSIP: 48305QAG8<br>LEI: DW4Z57L3G4IRMHYZYK62 | Long             | DBT              | CORP              | US        |   3415000 | PA      | $2214876.86   | 0.04%             | 2051-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Kyndryl Holdings Inc                                                      | Kyndryl Holdings Inc 3.15 10/15/2031                                                      | CUSIP: 50155QAL4<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |  10657000 | PA      | $9629336.64   | 0.18%             | 2031-10-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc                                                          | LPL Holdings Inc 5.15 06/15/2030                                                          | CUSIP: 50212YAP9<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |  10775000 | PA      | $10912860.31  | 0.20%             | 2030-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp        | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp 4.75 06/15/2029        | CUSIP: 505742AP1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11180000 | PA      | $10893411.10  | 0.20%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp        | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp 7.00 07/15/2031        | CUSIP: 505742AR7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8040000 | PA      | $8412613.80   | 0.16%             | 2031-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp        | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp 5.50 08/01/2030        | CUSIP: 505742AS5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3233000 | PA      | $3256093.97   | 0.06%             | 2030-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Liberty Mutual Group Inc                                                  | Liberty Mutual Group Inc 4.13 12/15/2051                                                  | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |   6825000 | PA      | $6648322.73   | 0.12%             | 2051-12-15      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| SM Energy Co                                                              | SM Energy Co 6.75 09/15/2026                                                              | CUSIP: 78454LAN0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   4530000 | PA      | $4535807.46   | 0.08%             | 2026-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Sofi Mortgage Trust 2016-1                                                | Sofi Mortgage Trust 2016-1 3.00                                                           | CUSIP: 78471KAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    888037 | PA      | $795426.70    | 0.01%             | 2046-11-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust 2025-DATA                                  | SWCH Commercial Mortgage Trust 2025-DATA 5.75                                             | CUSIP: 78489CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18520000 | PA      | $18413574.82  | 0.34%             | 2042-02-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortgage Trust 2024-CES1                         | Saluda Grade Alternative Mortgage Trust 2024-CES1 6.31                                    | CUSIP: 79581VAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13388294 | PA      | $13563626.95  | 0.25%             | 2054-03-25      | Variable      | 6.31%                 | No            |                  2 | On Loan: No      |
| Charles Schwab Corp/The                                                   | Charles Schwab Corp/The (pfd) 4.00% 06/01/2174 Perpetual                                  | CUSIP: 808513BK0<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |  11074000 | NS      | $10921533.17  | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Charles Schwab Corp/The                                                   | Charles Schwab Corp/The (pfd) 5.00% 06/01/2174 Perpetual                                  | CUSIP: 808513CB9<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |  11275000 | NS      | $11263453.27  | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| HQLA Funding LLC Champlain Series                                         | Hqla Funding LLC 0.00 07/01/2025                                                          | CUSIP: 44333AU19<br>LEI: 5493000J8TNLYHDOFL03 | Long             | STIV             | CORP              | US        |  22375000 | PA      | $22372272.49  | 0.41%             | 2025-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mainbeach Funding LLC                                                     | Mainbeach Funding LLC 0.00 07/01/2025                                                     | CUSIP: 56037BU10<br>LEI: 635400CWJW29VERCBI90 | Long             | STIV             | CORP              | US        |  25300000 | PA      | $25296958.94  | 0.47%             | 2025-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State Street Institutional US Government Money Market Fund                | State Street Institutional US Government Money Market Fund                                | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   5939447 | NS      | $5939446.94   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                                              | UBS Group AG (pfd) 9.25% 05/13/2174 Perpetual                                             | CUSIP: 902613BF4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EP               | CORP              | CH        |   7430000 | NS      | $8128226.82   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Union Electric Co                                                         | Union Electric Co 5.45 03/15/2053                                                         | CUSIP: 906548CW0<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |   3490000 | PA      | $3377590.97   | 0.06%             | 2053-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| United Nations Development Corp                                           | United Nations Development Corp 6.54% 08/01/2055                                          | CUSIP: 911157MF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $878464.02    | 0.02%             | 2055-08-01      | Fixed         | 6.54%                 | No            |                  2 | On Loan: No      |
| United Rentals North America Inc                                          | United Rentals North America Inc 6.00 12/15/2029                                          | CUSIP: 911365BQ6<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   2380000 | PA      | $2439345.30   | 0.05%             | 2029-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                                                | US Bancorp 5.73 10/21/2026                                                                | CUSIP: 91159HJH4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   4465000 | PA      | $4480233.91   | 0.08%             | 2026-10-21      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| United States Cellular Corp                                               | United States Cellular Corp 6.70 12/15/2033                                               | CUSIP: 911684AD0<br>LEI: 549300B164AZXESI6E03 | Long             | DBT              | CORP              | US        |   6998000 | PA      | $7382771.03   | 0.14%             | 2033-12-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 4.50 05/15/2038                                          | CUSIP: 912810PX0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10121093.80  | 0.19%             | 2038-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 3.50 02/15/2039                                          | CUSIP: 912810QA9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30500000 | PA      | $27548886.80  | 0.51%             | 2039-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CBOT 5 Year US Treasury Note                                              | US 5YR NOTE (CBT) Sep25                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | UST               | US        |      1509 | NC      | $937086.33    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOT 10 Year US Treasury Note                                             | US 10YR NOTE (CBT)Sep25                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | UST               | US        |      2251 | NC      | $2619907.42   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Ultra Long Term US Treasury                                           | US ULTRA BOND CBT Sep25                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | UST               | US        |      1202 | NC      | $4087218.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOT US Long Bond Future                                                  | US LONG BOND(CBT) Sep25                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | UST               | US        |       528 | NC      | $1651280.76   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOT 10 Year Ultra US Treasury Note                                       | US 10yr Ultra Fut Sep25                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | UST               | US        |      -674 | NC      | $-1613548.78  | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| CBOT 2 Year US Treasury Note                                              | US 2YR NOTE (CBT) Sep25                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | UST               | US        |       848 | NC      | $663292.17    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co                                              | Fixed Income Clearing Corp 4.39 07/01/2025                                                | CUSIP: RPEV0AVA5<br>LEI: 571474TGEMMWANRLN572 | Long             | RA               | CORP              | US        |  50230000 | PA      | $50230000.00  | 0.93%             | 2025-07-01      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal/Chicago IL 4.35 07/01/2025                               | Bank of Montreal/Chicago IL 4.35 07/01/2025                                               | CUSIP: RPEG5HGH0<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | RA               | CORP              | US        |   6482688 | PA      | $6482687.91   | 0.12%             | 2025-07-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Apple Inc                                                                 | Apple Inc 4.50 05/12/2032                                                                 | CUSIP: 037833FA3<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $8002413.63   | 0.15%             | 2032-05-12      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AppLovin Corp                                                             | AppLovin Corp 5.13 12/01/2029                                                             | CUSIP: 03831WAB4<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |   1648000 | PA      | $1669929.57   | 0.03%             | 2029-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AppLovin Corp                                                             | AppLovin Corp 5.38 12/01/2031                                                             | CUSIP: 03831WAC2<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |   2939000 | PA      | $2991950.23   | 0.06%             | 2031-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                          | Deutsche Bank AG (pfd) 6.00% 04/30/2174 Perpetual                                         | CUSIP: 251525AX9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | EP               | CORP              | DE        |   9800000 | NS      | $9779860.02   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                    | Diamondback Energy Inc 6.25 03/15/2033                                                    | CUSIP: 25278XAV1<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   4965000 | PA      | $5290147.87   | 0.10%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                                       | Dominion Energy Inc 4.90 08/01/2041                                                       | CUSIP: 25746UBM0<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   7017000 | PA      | $6338332.04   | 0.12%             | 2041-08-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                          | Duke Energy Corp 5.00 08/15/2052                                                          | CUSIP: 26441CBU8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1585000 | PA      | $1391673.08   | 0.03%             | 2052-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                          | Duke Energy Corp 5.80 06/15/2054                                                          | CUSIP: 26441CCF0<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   5420000 | PA      | $5298998.55   | 0.10%             | 2054-06-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                                                  | Duke Energy Progress LLC 4.15 12/01/2044                                                  | CUSIP: 26442RAD3<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |   6698000 | PA      | $5468934.55   | 0.10%             | 2044-12-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Duke University                                                           | Duke University 3.30 10/01/2046                                                           | CUSIP: 26442TAE7<br>LEI: FY5ICUIRRDCHN4HHL592 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2146737.75   | 0.04%             | 2046-10-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                                                  | Duke Energy Progress LLC 5.35 03/15/2053                                                  | CUSIP: 26442UAR5<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |   2320000 | PA      | $2209356.32   | 0.04%             | 2053-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                                                  | Duke Energy Progress LLC 4.35 03/06/2027                                                  | CUSIP: 26442UAT1<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |   4941000 | PA      | $4966480.69   | 0.09%             | 2027-03-06      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                                                  | Duke Energy Progress LLC 5.55 03/15/2055                                                  | CUSIP: 26442UAV6<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |   3030000 | PA      | $2964704.05   | 0.05%             | 2055-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Duke University Health System Inc                                         | Duke University Health System Inc 3.92 06/01/2047                                         | CUSIP: 26443CAA1<br>LEI: SYIJ9BNVFR17R33OPQ57 | Long             | DBT              | CORP              | US        |   2697000 | PA      | $2138635.69   | 0.04%             | 2047-06-01      | Fixed         | 3.92%                 | No            |                  2 | On Loan: No      |
| Duke Energy Florida LLC                                                   | Duke Energy Florida LLC 5.95 11/15/2052                                                   | CUSIP: 26444HAN1<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |   3375000 | PA      | $3469719.71   | 0.06%             | 2052-11-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Eni SpA                                                                   | Eni SpA 5.95 05/15/2054                                                                   | CUSIP: 26874RAP3<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |   5504000 | PA      | $5330602.81   | 0.10%             | 2054-05-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| EOG Resources Inc                                                         | EOG Resources Inc 5.95 07/15/2055                                                         | CUSIP: 26875PBA8<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1044663.40   | 0.02%             | 2055-07-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| EPR Properties                                                            | EPR Properties 4.95 04/15/2028                                                            | CUSIP: 26884UAE9<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |   7880000 | PA      | $7867733.20   | 0.15%             | 2028-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| EPR Properties                                                            | EPR Properties 3.75 08/15/2029                                                            | CUSIP: 26884UAF6<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |    990000 | PA      | $943065.66    | 0.02%             | 2029-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Eastern Energy Gas Holdings LLC                                           | Eastern Energy Gas Holdings LLC 5.65 10/15/2054                                           | CUSIP: 27636AAA0<br>LEI: 549300BFOD6TDMVV4O24 | Long             | DBT              | CORP              | US        |   2634000 | PA      | $2520901.76   | 0.05%             | 2054-10-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| EFMT 2025-CES2                                                            | EFMT 2025-CES2 5.66                                                                       | CUSIP: 28225GAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13272717 | PA      | $13383898.59  | 0.25%             | 2060-02-25      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| Electricite de France SA                                                  | Electricite de France SA 6.38 01/13/2055                                                  | CUSIP: 28504DAG8<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |   6000000 | PA      | $6025800.72   | 0.11%             | 2055-01-13      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 37 Ltd                                                        | Elmwood CLO 37 Ltd 5.99                                                                   | CUSIP: 29004UAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13825000 | PA      | $13833957.22  | 0.26%             | 2038-01-17      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc                                                              | Enbridge Inc 6.00 01/15/2077                                                              | CUSIP: 29250NAN5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |  13120000 | PA      | $13134832.16  | 0.24%             | 2077-01-15      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                        | Energy Transfer LP 6.13 12/15/2045                                                        | CUSIP: 29273RBJ7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   6130000 | PA      | $6026828.05   | 0.11%             | 2045-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                        | Energy Transfer LP 6.55 12/01/2033                                                        | CUSIP: 29273VAU4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   7966000 | PA      | $8647357.39   | 0.16%             | 2033-12-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 4.00                                                                     | CUSIP: 3133BBGD5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  15051272 | PA      | $14121115.05  | 0.26%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 3.50                                                                     | CUSIP: 3133BBGS2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  12431254 | PA      | $11316431.02  | 0.21%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 4.50                                                                     | CUSIP: 3133BJPA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   6071807 | PA      | $5868082.47   | 0.11%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 4.50                                                                     | CUSIP: 3133BPZW1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  29135323 | PA      | $27937609.40  | 0.52%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 4.50                                                                      | CUSIP: 31417MTD5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   3006094 | PA      | $3000901.56   | 0.06%             | 2039-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 2.50                                                                      | CUSIP: 31418DQH8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  22538608 | PA      | $18953394.49  | 0.35%             | 2050-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 5.50                                                                      | CUSIP: 31418EJ84<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  22322114 | PA      | $22397150.06  | 0.41%             | 2052-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 4.50                                                                      | CUSIP: 31419HB50<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    384076 | PA      | $383412.76    | 0.01%             | 2040-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 3.50                                                                      | CUSIP: 31419LYA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     63838 | PA      | $60107.37     | 0.00%             | 2040-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 6.50                                                                     | CUSIP: 3142GQLF7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  23882235 | PA      | $24758573.52  | 0.46%             | 2053-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 5.50                                                                     | CUSIP: 3142GRMN7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  25453416 | PA      | $25637369.79  | 0.48%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                       | Fifth Third Bancorp (pfd) 4.50% 09/30/2173 Perpetual                                      | CUSIP: 316773DB3<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |   8985000 | NS      | $8966028.17   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Flexential Issuer 2021-1                                                  | Flexential Issuer 2021-1 3.25                                                             | CUSIP: 33938MAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18500000 | PA      | $17913871.90  | 0.33%             | 2051-11-27      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Florida Power & Light Co                                                  | Florida Power & Light Co 4.13 02/01/2042                                                  | CUSIP: 341081FF9<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   9311000 | PA      | $7924491.82   | 0.15%             | 2042-02-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Flowers Foods Inc                                                         | Flowers Foods Inc 5.75 03/15/2035                                                         | CUSIP: 343498AD3<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | DBT              | CORP              | US        |   3365000 | PA      | $3450948.93   | 0.06%             | 2035-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                           | Foothill-Eastern Transportation Corridor Agency 4.09% 01/15/2049                          | CUSIP: 345105JE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6048000 | PA      | $4853778.25   | 0.09%             | 2049-01-15      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                                                  | Ford Motor Credit Co LLC 7.20 06/10/2030                                                  | CUSIP: 345397D42<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | CA        |   5540000 | PA      | $5832547.40   | 0.11%             | 2030-06-10      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                                                  | Ford Motor Credit Co LLC 6.13 03/08/2034                                                  | CUSIP: 345397E66<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | CA        |   6350000 | PA      | $6184436.45   | 0.11%             | 2034-03-08      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                                                  | Ford Motor Credit Co LLC 6.05 11/05/2031                                                  | CUSIP: 345397G31<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | CA        |   4461000 | PA      | $4439927.57   | 0.08%             | 2031-11-05      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC                                                     | Foundry JV Holdco LLC 5.88 01/25/2034                                                     | CUSIP: 350930AA1<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   2740000 | PA      | $2786918.58   | 0.05%             | 2034-01-25      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC                                                     | Foundry JV Holdco LLC 5.50 01/25/2031                                                     | CUSIP: 350930AF0<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |  10122000 | PA      | $10389421.22  | 0.19%             | 2031-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC                                                     | Foundry JV Holdco LLC 5.90 01/25/2033                                                     | CUSIP: 350930AG8<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   3175000 | PA      | $3294411.91   | 0.06%             | 2033-01-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC                                                     | Foundry JV Holdco LLC 6.10 01/25/2036                                                     | CUSIP: 350930AH6<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   4447000 | PA      | $4606199.80   | 0.09%             | 2036-01-25      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                  | Ginnie Mae II Pool 3.50                                                                   | CUSIP: 36179ME30<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4496605 | PA      | $4211343.01   | 0.08%             | 2042-06-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                  | Ginnie Mae II Pool 2.50                                                                   | CUSIP: 36179V7E4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  19620618 | PA      | $16697819.65  | 0.31%             | 2051-02-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                  | Ginnie Mae II Pool 3.50                                                                   | CUSIP: 36179V7G9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1883756 | PA      | $1718798.25   | 0.03%             | 2051-02-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                  | Ginnie Mae II Pool 3.00                                                                   | CUSIP: 36179VMD9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   7693418 | PA      | $6836283.88   | 0.13%             | 2050-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                                                   | HCA Inc 5.25 03/01/2030                                                                   | CUSIP: 404119CZ0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   4222000 | PA      | $4329991.16   | 0.08%             | 2030-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                                                   | HCA Inc 6.20 03/01/2055                                                                   | CUSIP: 404119DC0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1993000 | PA      | $2008831.42   | 0.04%             | 2055-03-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| HPS Corporate Lending Fund                                                | HPS Corporate Lending Fund 6.25 09/30/2029                                                | CUSIP: 40440VAC9<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |   4332000 | PA      | $4418229.54   | 0.08%             | 2029-09-30      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HPS Corporate Lending Fund                                                | HPS Corporate Lending Fund 5.45 01/14/2028                                                | CUSIP: 40440VAH8<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |   2520000 | PA      | $2527819.64   | 0.05%             | 2028-01-14      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co                                             | Hewlett Packard Enterprise Co 4.85 10/15/2031                                             | CUSIP: 42824CBU2<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   3352000 | PA      | $3344812.37   | 0.06%             | 2031-10-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Home Depot Inc/The                                                        | Home Depot Inc/The 5.30 06/25/2054                                                        | CUSIP: 437076DF6<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   3908000 | PA      | $3755004.14   | 0.07%             | 2054-06-25      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Honda Motor Co Ltd                                                        | Honda Motor Co Ltd 5.34 07/08/2035                                                        | CUSIP: 438127AF9<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | DBT              | CORP              | JP        |   3845000 | PA      | $3856278.54   | 0.07%             | 2035-07-08      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                                                       | Hotwire Funding LLC 5.89                                                                  | CUSIP: 44148JAH2<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-MBS          | CORP              | US        |  10375000 | PA      | $10541796.80  | 0.20%             | 2054-06-20      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                        | City of Houston TX 3.96% 03/01/2047                                                       | CUSIP: 4423313K8<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2083230.50   | 0.04%             | 2047-03-01      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| Humana Inc                                                                | Humana Inc 5.75 04/15/2054                                                                | CUSIP: 444859CB6<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   2877000 | PA      | $2682217.17   | 0.05%             | 2054-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Hyatt Hotels Corp                                                         | Hyatt Hotels Corp 5.75 03/30/2032                                                         | CUSIP: 448579AV4<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |   4871000 | PA      | $5002569.85   | 0.09%             | 2032-03-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                   | Hyundai Capital America 6.50 01/16/2029                                                   | CUSIP: 44891ACR6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   2111000 | PA      | $2227169.53   | 0.04%             | 2029-01-16      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Sempra                                                                    | Sempra 3.25 06/15/2027                                                                    | CUSIP: 816851BA6<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   2608000 | PA      | $2554753.30   | 0.05%             | 2027-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Sempra                                                                    | Sempra (pfd) 4.88% 10/15/2173 Perpetual                                                   | CUSIP: 816851BK4<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EP               | CORP              | US        |  11773000 | NS      | $11753896.66  | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2024-6                                             | Sequoia Mortgage Trust 2024-6 6.00                                                        | CUSIP: 81743DAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13775308 | PA      | $13848850.29  | 0.26%             | 2054-07-27      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2024-8                                             | Sequoia Mortgage Trust 2024-8 5.50                                                        | CUSIP: 81749NAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7313689 | PA      | $7332282.03   | 0.14%             | 2054-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2024-10                                            | Sequoia Mortgage Trust 2024-10 5.50                                                       | CUSIP: 81749QAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9048949 | PA      | $9075601.82   | 0.17%             | 2054-11-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2024-10                                            | Sequoia Mortgage Trust 2024-10 5.50                                                       | CUSIP: 81749QAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6622587 | PA      | $6620770.04   | 0.12%             | 2054-11-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Shackleton CLO Ltd                                                        | Shackleton 2017-XI Clo Ltd 6.24                                                           | CUSIP: 81883EAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  16550000 | PA      | $16586931.33  | 0.31%             | 2030-08-15      | Floating      | 6.24%                 | No            |                  2 | On Loan: No      |
| Shell Finance US Inc                                                      | Shell Finance US Inc 4.38 05/11/2045                                                      | CUSIP: 822905AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2790000 | PA      | $2362454.65   | 0.04%             | 2045-05-11      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Siemens Financieringsmaatschappij NV                                      | Siemens Financieringsmaatschappij NV 1.20 03/11/2026                                      | CUSIP: 82620KAZ6<br>LEI: TAFO772JB70PDRN5VS48 | Long             | DBT              | CORP              | NL        |   5425000 | PA      | $5314476.48   | 0.10%             | 2026-03-11      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| Siemens Funding BV                                                        | Siemens Funding BV 5.80 05/28/2055                                                        | CUSIP: 82622RAF3<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |   2750000 | PA      | $2832033.88   | 0.05%             | 2055-05-28      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Sierra Timeshare 2021-1 Receivables Funding LLC                           | Sierra Timeshare 2021-1 Receivables Funding LLC 1.79                                      | CUSIP: 82652QAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1169303 | PA      | $1148384.97   | 0.02%             | 2037-11-20      | Fixed         | 1.79%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust 2024-1                                          | Towd Point Mortgage Trust 2024-1 4.82                                                     | CUSIP: 89182NAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17879420 | PA      | $18174037.14  | 0.34%             | 2064-03-25      | Variable      | 4.82%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust 2024-CES3                                       | Towd Point Mortgage Trust 2024-CES3 6.29                                                  | CUSIP: 89183EAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10149062 | PA      | $10252023.51  | 0.19%             | 2064-05-25      | Variable      | 6.29%                 | No            |                  2 | On Loan: No      |
| Trust Fibra Uno                                                           | Trust Fibra Uno 4.87 01/15/2030                                                           | CUSIP: 898339AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |   2487000 | PA      | $2363530.15   | 0.04%             | 2030-01-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| Trust Fibra Uno                                                           | Trust Fibra Uno 7.70 01/23/2032                                                           | CUSIP: 89834JAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |   3113000 | PA      | $3247995.25   | 0.06%             | 2032-01-23      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| Lincoln National Corp                                                     | Lincoln National Corp 7.00 06/15/2040                                                     | CUSIP: 534187BA6<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |   5050000 | PA      | $5584393.42   | 0.10%             | 2040-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                  | Lloyds Banking Group PLC (pfd) 7.50% 12/27/2173 Perpetual                                 | CUSIP: 539439AU3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | EP               | CORP              | GB        |  20045000 | NS      | $20148933.33  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| AGCO Corp                                                                 | AGCO Corp 5.80 03/21/2034                                                                 | CUSIP: 001084AS1<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | DBT              | CORP              | US        |   4544000 | PA      | $4614690.60   | 0.09%             | 2034-03-21      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| AEP Transmission Co LLC                                                   | AEP Transmission Co LLC 5.38 06/15/2035                                                   | CUSIP: 00115AAS8<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |   1129000 | PA      | $1154083.55   | 0.02%             | 2035-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                  | AT&T Inc 6.38 03/01/2041                                                                  | CUSIP: 00206RDG4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1165443.60   | 0.02%             | 2041-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ARZ Trust 2024-BILT                                                       | ARZ Trust 2024-BILT 5.77                                                                  | CUSIP: 00218TAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8788000 | PA      | $9032409.22   | 0.17%             | 2029-06-11      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc                                                                | AbbVie Inc 5.35 03/15/2044                                                                | CUSIP: 00287YDV8<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   3849000 | PA      | $3775552.00   | 0.07%             | 2044-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ACREC Trust                                                               | ACREC 2023-FL2 LLC 6.54                                                                   | CUSIP: 00501BAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8229160 | PA      | $8247786.78   | 0.15%             | 2038-02-19      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| Aircastle Ltd                                                             | Aircastle Ltd 5.95 02/15/2029                                                             | CUSIP: 00928QAY7<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | US        |   2870000 | PA      | $2966450.51   | 0.05%             | 2029-02-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Aircastle Ltd / Aircastle Ireland DAC                                     | Aircastle Ltd / Aircastle Ireland DAC 5.75 10/01/2031                                     | CUSIP: 00929JAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2540000 | PA      | $2613506.03   | 0.05%             | 2031-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Aligned Data Centers Issuer LLC                                           | Aligned Data Centers Issuer LLC 2.48                                                      | CUSIP: 01627AAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10582000 | PA      | $10163559.15  | 0.19%             | 2046-08-15      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| Allianz SE                                                                | Allianz SE (pfd) 3.50% 04/30/2174 Perpetual                                               | CUSIP: 018820AA8<br>LEI: 529900K9B0N5BT694847 | Long             | EP               | CORP              | DE        |  18000000 | NS      | $17741824.20  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                     | FNCL 5 7/25 MBS 30yr                                                                      | CUSIP: 01F050676<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        | 213969000 | PA      | $209718407.39 | 3.89%             | 2055-02-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                     | FNCL 5.5 7/25 MBS 30yr                                                                    | CUSIP: 01F052672<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        | 132191000 | PA      | $132181412.19 | 2.45%             | 2055-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| American Express Co                                                       | American Express Co (pfd) 3.55% 09/15/2173 Perpetual                                      | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | EP               | CORP              | US        |   7190000 | NS      | $7040059.02   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| American Honda Finance Corp                                               | American Honda Finance Corp 4.95 01/09/2026                                               | CUSIP: 02665WEY3<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | CA        |   8290000 | PA      | $8309212.82   | 0.15%             | 2026-01-09      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| American International Group Inc                                          | American International Group Inc 4.38 06/30/2050                                          | CUSIP: 026874DP9<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |   3240000 | PA      | $2715238.26   | 0.05%             | 2050-06-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Amgen Inc                                                                 | Amgen Inc 5.65 03/02/2053                                                                 | CUSIP: 031162DT4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   6565000 | PA      | $6414448.66   | 0.12%             | 2053-03-02      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                                           | Danske Bank A/S 5.71 03/01/2030                                                           | CUSIP: 23636ABH3<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   3310000 | PA      | $3435152.72   | 0.06%             | 2030-03-01      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| DBSG 2024-ALTA A                                                          | DBSG 2024-ALTA A 6.14                                                                     | CUSIP: 239918AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9714000 | PA      | $9890798.69   | 0.18%             | 2037-06-10      | Variable      | 6.14%                 | No            |                  2 | On Loan: No      |
| Dell International LLC / EMC Corp                                         | Dell International LLC / EMC Corp 5.30 04/01/2032                                         | CUSIP: 24703TAN6<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |   2542000 | PA      | $2599127.54   | 0.05%             | 2032-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 3.00                                                                     | CUSIP: 3133KMEZ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  11010307 | PA      | $9597424.60   | 0.18%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 2.00                                                                     | CUSIP: 3133KMLL7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  24155902 | PA      | $19312902.13  | 0.36%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 3.00                                                                     | CUSIP: 3133KNNV1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  15811799 | PA      | $13848277.95  | 0.26%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 4.00                                                                     | CUSIP: 3133KPGB8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  20270309 | PA      | $18901513.14  | 0.35%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 4.00                                                                     | CUSIP: 3133KPMJ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  32694674 | PA      | $30674144.23  | 0.57%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 6.00                                                                     | CUSIP: 3133KQDW3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  44000445 | PA      | $44892089.37  | 0.83%             | 2052-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 5.50                                                                     | CUSIP: 3133KQE28<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   7397484 | PA      | $7450946.28   | 0.14%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 5.50                                                                     | CUSIP: 3133KQEW2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   8054705 | PA      | $8096032.45   | 0.15%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Pool                                                          | Freddie Mac Pool 2.00                                                                     | CUSIP: 3133L8JQ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  27090642 | PA      | $25021665.63  | 0.46%             | 2036-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp                                           | Federal Home Loan Mortgage Corp 6.25 07/15/2032                                           | CUSIP: 3134A4KX1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1000000 | PA      | $1134459.84   | 0.02%             | 2032-07-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                     | Federal National Mortgage Association 6.63 11/15/2030                                     | CUSIP: 31359MGK3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |  10000000 | PA      | $11319386.30  | 0.21%             | 2030-11-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                     | Federal National Mortgage Association 0.88 08/05/2030                                     | CUSIP: 3135G05Q2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   4300000 | PA      | $3716903.70   | 0.07%             | 2030-08-05      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                     | Federal National Mortgage Association 0.75 10/08/2027                                     | CUSIP: 3135G05Y5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |  29724000 | PA      | $27814302.26  | 0.52%             | 2027-10-08      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICS                                                         | Fannie Mae REMICS 2.00                                                                    | CUSIP: 3136BQFV6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        | 132545677 | PA      | $16945991.32  | 0.31%             | 2052-07-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 4.50                                                                      | CUSIP: 3138AP5M6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    392913 | PA      | $389447.04    | 0.01%             | 2041-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 4.00                                                                      | CUSIP: 3138EGXH2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   2696044 | PA      | $2606244.17   | 0.05%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 6.50                                                                      | CUSIP: 3138EHN24<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    290998 | PA      | $304910.58    | 0.01%             | 2039-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 3.50                                                                      | CUSIP: 3138LSL65<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    559973 | PA      | $526195.18    | 0.01%             | 2042-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 4.00                                                                      | CUSIP: 3138WF3X2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1055740 | PA      | $1001942.29   | 0.02%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 4.00                                                                      | CUSIP: 3138WFYH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    900226 | PA      | $853795.29    | 0.02%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 3.50                                                                      | CUSIP: 3140QPAJ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  25927283 | PA      | $23440953.75  | 0.43%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 4.50                                                                      | CUSIP: 3140QPSR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  16707592 | PA      | $16021289.96  | 0.30%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 5.00                                                                      | CUSIP: 3140QPXM4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  46995837 | PA      | $46445842.56  | 0.86%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 5.00                                                                      | CUSIP: 3140QQ7G4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  20033876 | PA      | $19756981.68  | 0.37%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae I Pool                                                         | Ginnie Mae I Pool 8.00                                                                    | CUSIP: 36206W6X8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        26 | PA      | $25.73        | 0.00%             | 2026-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae I Pool                                                         | Ginnie Mae I Pool 6.50                                                                    | CUSIP: 36207MUA2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1290 | PA      | $1299.75      | 0.00%             | 2028-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae I Pool                                                         | Ginnie Mae I Pool 6.50                                                                    | CUSIP: 36208RXQ2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      2749 | PA      | $2776.61      | 0.00%             | 2028-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae I Pool                                                         | Ginnie Mae I Pool 4.50                                                                    | CUSIP: 3620A2MJ2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    303541 | PA      | $296093.85    | 0.01%             | 2039-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae I Pool                                                         | Ginnie Mae I Pool 4.50                                                                    | CUSIP: 3620A94L2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    437073 | PA      | $429485.35    | 0.01%             | 2040-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae I Pool                                                         | Ginnie Mae I Pool 5.00                                                                    | CUSIP: 3620A9PM7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    231171 | PA      | $234354.12    | 0.00%             | 2039-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae I Pool                                                         | Ginnie Mae I Pool 5.00                                                                    | CUSIP: 3620A9TK7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     15157 | PA      | $15365.53     | 0.00%             | 2039-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae I Pool                                                         | Ginnie Mae I Pool 4.50                                                                    | CUSIP: 3620AMRV6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    894143 | PA      | $876045.50    | 0.02%             | 2040-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae I Pool                                                         | Ginnie Mae I Pool 7.50                                                                    | CUSIP: 36225AN55<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       212 | PA      | $213.02       | 0.00%             | 2026-08-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae I Pool                                                         | Ginnie Mae I Pool 7.00                                                                    | CUSIP: 36225BNC8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      4363 | PA      | $4519.77      | 0.00%             | 2031-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                  | Ginnie Mae II Pool 2.50                                                                   | CUSIP: 3622ABQ54<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  27669801 | PA      | $23127411.31  | 0.43%             | 2050-11-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                  | Ginnie Mae II Pool 5.00                                                                   | CUSIP: 3622ADQC5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  28048827 | PA      | $27608208.11  | 0.51%             | 2054-12-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae I Pool                                                         | Ginnie Mae I Pool 4.00                                                                    | CUSIP: 36230UCQ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    227006 | PA      | $215119.95    | 0.00%             | 2040-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GXO Logistics Inc                                                         | GXO Logistics Inc 6.25 05/06/2029                                                         | CUSIP: 36262GAF8<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |  11208000 | PA      | $11706888.37  | 0.22%             | 2029-05-06      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GXO Logistics Inc                                                         | GXO Logistics Inc 6.50 05/06/2034                                                         | CUSIP: 36262GAG6<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |   3243000 | PA      | $3394408.83   | 0.06%             | 2034-05-06      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust 2023-PJ6                              | GS Mortgage-Backed Securities Trust 2023-PJ6 6.00                                         | CUSIP: 36268FAZ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7304839 | PA      | $7367073.96   | 0.14%             | 2054-04-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust 2024-PJ1                              | GS Mortgage-Backed Securities Trust 2024-PJ1 6.00                                         | CUSIP: 36268VAZ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14740361 | PA      | $14832004.41  | 0.27%             | 2054-06-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust 2023-PJ4                              | GS Mortgage-Backed Securities Trust 2023-PJ4 6.00                                         | CUSIP: 36270XAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6586412 | PA      | $6651667.81   | 0.12%             | 2054-01-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                      | Glencore Funding LLC 5.89 04/04/2054                                                      | CUSIP: 378272BV9<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1690000 | PA      | $1657945.67   | 0.03%             | 2054-04-04      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                      | Glencore Funding LLC 5.19 04/01/2030                                                      | CUSIP: 378272BZ0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7649997.30   | 0.14%             | 2030-04-01      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                  | Golden State Tobacco Securitization Corp 2.75% 06/01/2034                                 | CUSIP: 38122NB50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10765000 | PA      | $9322298.38   | 0.17%             | 2034-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Goldentree Loan Opportunities Ltd                                         | GoldenTree Loan Management US CLO 23 Ltd 6.03                                             | CUSIP: 38139KAJ8<br>LEI: 254900TP00US14X9AP48 | Long             | ABS-CBDO         | CORP              | US        |  13825000 | PA      | $13835455.85  | 0.26%             | 2039-01-20      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                               | Goldman Sachs Group Inc/The 6.48 10/24/2029                                               | CUSIP: 38141GA46<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   7350000 | PA      | $7797793.31   | 0.14%             | 2029-10-24      | Variable      | 6.48%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                               | Goldman Sachs Group Inc/The 4.69 10/23/2030                                               | CUSIP: 38141GB60<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3222000 | PA      | $3232389.73   | 0.06%             | 2030-10-23      | Variable      | 4.69%                 | No            |                  2 | On Loan: No      |
| Golub Capital BDC Inc                                                     | Golub Capital BDC Inc 7.05 12/05/2028                                                     | CUSIP: 38173MAD4<br>LEI: 2549005WE0QLGK9APF78 | Long             | DBT              | CORP              | US        |   4543000 | PA      | $4771825.50   | 0.09%             | 2028-12-05      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Goodgreen Trust                                                           | Goodgreen 2020-1 Trust 2.63                                                               | CUSIP: 38217TAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6952716 | PA      | $5856727.10   | 0.11%             | 2055-04-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Goodgreen 2018-1                                                          | Goodgreen 2018-1 3.93                                                                     | CUSIP: 38218GAA0<br>LEI: 549300X0P2BXCQULUH20 | Long             | ABS-MBS          | CORP              | US        |   5867113 | PA      | $5438945.33   | 0.10%             | 2053-10-15      | Variable      | 3.93%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae                                                                | Government National Mortgage Association 4.57                                             | CUSIP: 38375JJZ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    541323 | PA      | $541195.21    | 0.01%             | 2037-02-20      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| Greensaif Pipelines Bidco Sarl                                            | Greensaif Pipelines Bidco Sarl 5.85 02/23/2036                                            | CUSIP: 39541EAD5<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |   7531000 | PA      | $7623996.55   | 0.14%             | 2036-02-23      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Northern States Power Co/MN                                               | Northern States Power Co/MN 5.65 05/15/2055                                               | CUSIP: 665772DA4<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |   2356000 | PA      | $2354084.20   | 0.04%             | 2055-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Northern Trust Corp                                                       | Northern Trust Corp 3.38 05/08/2032                                                       | CUSIP: 665859AS3<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |  16561000 | PA      | $16084662.25  | 0.30%             | 2032-05-08      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp                                                     | Northrop Grumman Corp 5.15 05/01/2040                                                     | CUSIP: 666807BT8<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |   2858000 | PA      | $2798006.64   | 0.05%             | 2040-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Novant Health Inc                                                         | Novant Health Inc 3.17 11/01/2051                                                         | CUSIP: 66988AAH7<br>LEI: 549300ZUXEGFGE8EP917 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $2502140.55   | 0.05%             | 2051-11-01      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| OBX 2024-HYB2 Trust                                                       | OBX 2024-HYB2 Trust 3.68                                                                  | CUSIP: 67118RAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6162302 | PA      | $6155592.74   | 0.11%             | 2053-04-25      | Variable      | 3.68%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM7 Trust                                                       | OBX 2024-NQM7 Trust 6.24                                                                  | CUSIP: 67119FAA1<br>LEI: 254900FVMB3WTXJGGR91 | Long             | ABS-MBS          | CORP              | US        |   5322135 | PA      | $5380547.43   | 0.10%             | 2064-03-25      | Variable      | 6.24%                 | No            |                  2 | On Loan: No      |
| OBX 2025-J1 Trust                                                         | OBX 2025-J1 Trust 6.00                                                                    | CUSIP: 673923AD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9436499 | PA      | $9569563.02   | 0.18%             | 2055-05-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| OBX 2024-HYB1 Trust                                                       | OBX 2024-HYB1 Trust 3.65                                                                  | CUSIP: 67448MAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3734639 | PA      | $3681710.59   | 0.07%             | 2053-03-25      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners Lt                                            | Octagon Investment Partners XV Ltd 6.03                                                   | CUSIP: 67590EBJ2<br>LEI: 549300VYCI9AZ4NZBX86 | Long             | ABS-CBDO         | CORP              | US        |  13675000 | PA      | $13715520.39  | 0.25%             | 2030-07-19      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                 | Ohio Turnpike & Infrastructure Commission 3.22% 02/15/2048                                | CUSIP: 67760HNB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5645000 | PA      | $4090633.44   | 0.08%             | 2048-02-15      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| OneMain Finance Corp                                                      | OneMain Finance Corp 7.50 05/15/2031                                                      | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   2674000 | PA      | $2795846.16   | 0.05%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                                               | Oracle Corp 3.60 04/01/2040                                                               | CUSIP: 68389XBW4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  16280000 | PA      | $13039375.81  | 0.24%             | 2040-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Public Service Electric and Gas Co                                        | Public Service Electric and Gas Co 5.50 03/01/2055                                        | CUSIP: 74456QCV6<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |   5732000 | PA      | $5658126.21   | 0.10%             | 2055-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES2                                             | RCKT Mortgage Trust 2024-CES2 6.14                                                        | CUSIP: 74938PAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6510707 | PA      | $6561537.75   | 0.12%             | 2044-04-25      | Variable      | 6.14%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES4                                             | RCKT Mortgage Trust 2024-CES4 6.15                                                        | CUSIP: 74939FAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14019897 | PA      | $14153069.48  | 0.26%             | 2044-06-25      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES6                                             | RCKT Mortgage Trust 2024-CES6 5.34% 09/25/2044                                            | CUSIP: 749410AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4692769 | PA      | $4695841.14   | 0.09%             | 2044-09-25      | Variable      | 5.34%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond - When Issued                            | United States Treasury Note/Bond 4.25 11/15/2042                                          | CUSIP: 912810TM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6500000 | PA      | $5932011.74   | 0.11%             | 2042-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 3.75 05/15/2043                                          | CUSIP: 912810TS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $8935156.20   | 0.17%             | 2043-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 4.50 08/15/2043                                          | CUSIP: 912810TU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  32000000 | PA      | $30511874.88  | 0.57%             | 2043-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 4.75 11/15/2043                                          | CUSIP: 912810TW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  49100000 | PA      | $49063558.47  | 0.91%             | 2043-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 4.50 02/15/2044                                          | CUSIP: 912810TZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $24164062.50  | 0.45%             | 2044-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 4.63 05/15/2044                                          | CUSIP: 912810UB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7500000 | PA      | $7357324.20   | 0.14%             | 2044-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 4.63 11/15/2044                                          | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6000000 | PA      | $5875312.50   | 0.11%             | 2044-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 0.50 08/31/2027                                          | CUSIP: 91282CAH4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2801132.82   | 0.05%             | 2027-08-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 1.25 09/30/2028                                          | CUSIP: 91282CCY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1850820.32   | 0.03%             | 2028-09-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 4.25 08/31/2030                                          | CUSIP: 91282CHW4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 114500000 | PA      | $116177246.38 | 2.15%             | 2030-08-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 4.38 11/30/2030                                          | CUSIP: 91282CJM4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 136500000 | PA      | $140056465.19 | 2.60%             | 2030-11-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 3.75 12/31/2030                                          | CUSIP: 91282CJQ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  27000000 | PA      | $26872382.88  | 0.50%             | 2030-12-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 4.00 01/31/2031                                          | CUSIP: 91282CJX0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10073046.90  | 0.19%             | 2031-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 4.25 03/15/2027                                          | CUSIP: 91282CKE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1007734.38   | 0.02%             | 2027-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 4.25 03/31/2029                                          | CUSIP: 91282CKG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  70000000 | PA      | $70962500.00  | 1.31%             | 2029-03-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 4.13 03/31/2032                                          | CUSIP: 91282CMT5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $5045507.80   | 0.09%             | 2032-03-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 4.13 05/31/2032                                          | CUSIP: 91282CNF4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  71000000 | PA      | $71615703.48  | 1.33%             | 2032-05-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 4.00 05/31/2030                                          | CUSIP: 91282CNG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 156000000 | PA      | $157535625.00 | 2.92%             | 2030-05-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 3.88 06/15/2028                                          | CUSIP: 91282CNH0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  38000000 | PA      | $38203359.28  | 0.71%             | 2028-06-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Universal Health Services Inc                                             | Universal Health Services Inc 5.05 10/15/2034                                             | CUSIP: 913903BC3<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |   3751000 | PA      | $3581757.28   | 0.07%             | 2034-10-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF CALIFORNIA                                                  | University of California 3.07% 05/15/2051                                                 | CUSIP: 91412HKE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3480000 | PA      | $2305690.01   | 0.04%             | 2051-05-15      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc                                                | Verizon Communications Inc 2.99 10/30/2056                                                | CUSIP: 92343VFW9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   4050000 | PA      | $2439777.11   | 0.05%             | 2056-10-30      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust 2021-R2                                        | Verus Securitization Trust 2021-R2 1.12                                                   | CUSIP: 92538DAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1789697 | PA      | $1660966.49   | 0.03%             | 2064-02-25      | Variable      | 1.12%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust 2021-R2                                        | Verus Securitization Trust 2021-R2 1.23                                                   | CUSIP: 92538DAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2111726 | PA      | $1960082.50   | 0.04%             | 2064-02-25      | Variable      | 1.23%                 | No            |                  2 | On Loan: No      |
| VICI Properties LP                                                        | VICI Properties LP 5.75 04/01/2034                                                        | CUSIP: 925650AF0<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |   2127000 | PA      | $2175600.29   | 0.04%             | 2034-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp                                                        | Expand Energy Corp 6.75 04/15/2029                                                        | CUSIP: 92735LAA0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |   1853000 | PA      | $1876340.39   | 0.03%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                  | Vistra Operations Co LLC 6.00 04/15/2034                                                  | CUSIP: 92840VAS1<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   2266000 | PA      | $2355133.11   | 0.04%             | 2034-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Voya Financial Inc                                                        | Voya Financial Inc 5.00 09/20/2034                                                        | CUSIP: 929089AH3<br>LEI: 549300T065Z4KJ686G75 | Long             | DBT              | CORP              | US        |   4606000 | PA      | $4503717.05   | 0.08%             | 2034-09-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Weir Group Inc                                                            | Weir Group Inc 5.35 05/06/2030                                                            | CUSIP: 94877DAA2<br>LEI: 2138009WEPEV2V98AV65 | Long             | DBT              | CORP              | US        |   4967000 | PA      | $5038217.94   | 0.09%             | 2030-05-06      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                                          | Wells Fargo & Co (pfd) 3.9% 06/15/2169 Perpetual                                          | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |  16965000 | NS      | $16801723.75  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                                          | Wells Fargo & Co 5.01 04/04/2051                                                          | CUSIP: 95000U2M4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   4800000 | PA      | $4373950.37   | 0.08%             | 2051-04-04      | Variable      | 5.01%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                                          | Wells Fargo & Co 5.39 04/24/2034                                                          | CUSIP: 95000U3D3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   6490000 | PA      | $6643274.27   | 0.12%             | 2034-04-24      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                                          | Wells Fargo & Co 5.56 07/25/2034                                                          | CUSIP: 95000U3F8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3512000 | PA      | $3625806.43   | 0.07%             | 2034-07-25      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd                                                        | THL Credit Wind River 2013-2 CLO Ltd 6.10                                                 | CUSIP: 97314CAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6338507 | PA      | $6348473.38   | 0.12%             | 2030-10-18      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Zions Bancorp NA                                                          | Zions Bancorp NA 6.82 11/19/2035                                                          | CUSIP: 98971DAC4<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | DBT              | CORP              | US        |   6535000 | PA      | $6795949.54   | 0.13%             | 2035-11-19      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                                           | Danske Bank A/S (pfd) 4.38% 11/18/2173 Perpetual                                          | CUSIP: K2227DL59<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | EP               | CORP              | DK        |  22550000 | NS      | $22220488.13  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken AB                                          | Skandinaviska Enskilda Banken AB (pfd) 6.88% 12/30/2173 Perpetual                         | CUSIP: W8T54FK56<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | EP               | CORP              | SE        |   8600000 | NS      | $8775558.25   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| New Zealand Government Bond                                               | New Zealand Government Bond 4.50 05/15/2035                                               | CUSIP: N/A<br>LEI: 549300237GPHG2AI7C34       | Long             | DBT              | NUSS              | NZ        |  18600000 | PA      | $11313843.88  | 0.21%             | 2035-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MetLife Inc                                                               | MetLife Inc 6.40 12/15/2066                                                               | CUSIP: 59156RAP3<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   4646000 | PA      | $4874091.42   | 0.09%             | 2066-12-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| FLINT WATER ADVOCACY FUND                                                 | Michigan Strategic Fund 3.23% 09/01/2047                                                  | CUSIP: 594698SJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3716052.50   | 0.07%             | 2047-09-01      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| Micron Technology Inc                                                     | Micron Technology Inc 5.30 01/15/2031                                                     | CUSIP: 595112CD3<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |   9605000 | PA      | $9839029.09   | 0.18%             | 2031-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| MidAmerican Energy Co                                                     | MidAmerican Energy Co 5.85 09/15/2054                                                     | CUSIP: 595620AY1<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |  15842000 | PA      | $16325101.79  | 0.30%             | 2054-09-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Antares Holdings LP                                                       | Antares Holdings LP 6.35 10/23/2029                                                       | CUSIP: 03666HAH4<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | CA        |  11010000 | PA      | $11127726.85  | 0.21%             | 2029-10-23      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                           | CVS Health Corp 6.00 06/01/2044                                                           | CUSIP: 126650EE6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   6085000 | PA      | $6018958.40   | 0.11%             | 2044-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                           | CVS Health Corp 7.00 03/10/2055                                                           | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   4030000 | PA      | $4166658.27   | 0.08%             | 2055-03-10      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| CHL Mortgage Pass-Through Trust 2005-17                                   | CHL Mortgage Pass-Through Trust 2005-17 5.50                                              | CUSIP: 12669G5X5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10893 | PA      | $10882.03     | 0.00%             | 2035-09-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of California                                                       | State of California 7.60% 11/01/2040                                                      | CUSIP: 13063BJC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $549178.86    | 0.01%             | 2040-11-01      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| State of California                                                       | State of California 4.60% 04/01/2038                                                      | CUSIP: 13063DGE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3035000 | PA      | $3086748.87   | 0.06%             | 2038-04-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| California State University                                               | California State University 2.98% 11/01/2051                                              | CUSIP: 13077DKU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2681208.40   | 0.05%             | 2051-11-01      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| Carnival Corp                                                             | Carnival Corp 4.00 08/01/2028                                                             | CUSIP: 143658BQ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |   9071000 | PA      | $8883910.63   | 0.16%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Caterpillar Inc                                                           | Caterpillar Inc 5.20 05/15/2035                                                           | CUSIP: 149123CL3<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2600694.15   | 0.05%             | 2035-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust 2024-8                                  | Chase Home Lending Mortgage Trust 2024-8 5.50                                             | CUSIP: 16159XAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10607974 | PA      | $10596084.21  | 0.20%             | 2055-08-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust 2024-10                                 | Chase Home Lending Mortgage Trust 2024-10 6.00                                            | CUSIP: 16159YAD2<br>LEI: 529900OE9S6KWRJHHJ57 | Long             | ABS-MBS          | CORP              | US        |  15185157 | PA      | $15347006.63  | 0.28%             | 2055-10-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust 2024-9                                  | Chase Home Lending Mortgage Trust 2024-9 5.50                                             | CUSIP: 16160QAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17067566 | PA      | $17132233.00  | 0.32%             | 2055-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust 2024-9                                  | Chase Home Lending Mortgage Trust 2024-9 5.50                                             | CUSIP: 16160QAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7124786 | PA      | $7128579.11   | 0.13%             | 2055-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust Series 2024-2                           | Chase Home Lending Mortgage Trust Series 2024-2 6.00                                      | CUSIP: 161929BH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6162182 | PA      | $6226128.88   | 0.12%             | 2055-02-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust Series 2024-6                           | Chase Home Lending Mortgage Trust Series 2024-6 6.00                                      | CUSIP: 161931AD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9040851 | PA      | $9125658.25   | 0.17%             | 2055-05-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust 2025-5                                  | Chase Home Lending Mortgage Trust 2025-5 5.50                                             | CUSIP: 161935AE1<br>LEI: 529900V91KVGSU3Z1A61 | Long             | ABS-MBS          | CORP              | US        |  19500856 | PA      | $19577685.86  | 0.36%             | 2056-04-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Inc                                                       | Cheniere Energy Inc 4.63 10/15/2028                                                       | CUSIP: 16411RAK5<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |   5865000 | PA      | $5858583.57   | 0.11%             | 2028-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bond                                       | Chile Government International Bond 5.33 01/05/2054                                       | CUSIP: 168863EA2<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   4940000 | PA      | $4643476.50   | 0.09%             | 2054-01-05      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                             | Citigroup Inc (pfd) 3.88% 05/18/2174 Perpetual                                            | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |  13010000 | NS      | $12863412.95  | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                                               | Citibank NA 4.91 05/29/2030                                                               | CUSIP: 17325FBP2<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   8215000 | PA      | $8374720.22   | 0.16%             | 2030-05-29      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                             | Citigroup Inc 5.61 03/04/2056                                                             | CUSIP: 17327CAY9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2760000 | PA      | $2711011.63   | 0.05%             | 2056-03-04      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust 2024-CMI1                                   | Citigroup Mortgage Loan Trust 2024-CMI1 5.50                                              | CUSIP: 17332DAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  23481771 | PA      | $23534872.67  | 0.44%             | 2054-06-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust 2025-3 Trust                                | Citigroup Mortgage Loan Trust 2025-3 Trust 5.50                                           | CUSIP: 17332RAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13780854 | PA      | $13828844.61  | 0.26%             | 2055-06-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc                                              | Citizens Financial Group Inc (pfd) 5.65% 10/06/2173 Perpetual                             | CUSIP: 174610AU9<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |   5719000 | NS      | $5730864.07   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Columbia Pipelines Operating Co LLC                                       | Columbia Pipelines Operating Co LLC 6.04 11/15/2033                                       | CUSIP: 19828TAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5015000 | PA      | $5265023.13   | 0.10%             | 2033-11-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Comerica Inc                                                              | Comerica Inc (pfd) 5.63% 10/01/2173 Perpetual                                             | CUSIP: 200340AU1<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EP               | CORP              | US        |  12765000 | NS      | $12765000.00  | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth Edison Co                                                    | Commonwealth Edison Co 5.30 02/01/2053                                                    | CUSIP: 202795JY7<br>LEI: D8YOXB8L2ZDC8P7Q0771 | Long             | DBT              | CORP              | US        |   2516000 | PA      | $2386689.32   | 0.04%             | 2053-02-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Commonwealth Edison Co                                                    | Commonwealth Edison Co 5.95 06/01/2055                                                    | CUSIP: 202795KB5<br>LEI: D8YOXB8L2ZDC8P7Q0771 | Long             | DBT              | CORP              | US        |   1882000 | PA      | $1950528.64   | 0.04%             | 2055-06-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial Inc                                                  | Corebridge Financial Inc 5.75 01/15/2034                                                  | CUSIP: 21871XAS8<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   2635000 | PA      | $2739317.25   | 0.05%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial Inc                                                  | Corebridge Financial Inc 6.38 09/15/2054                                                  | CUSIP: 21871XAT6<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   4077000 | PA      | $4073657.68   | 0.08%             | 2054-09-15      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae                                                                | G2SF 2.5 7/25 MBS 30yr                                                                    | CUSIP: 21H022671<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  40135000 | PA      | $34104791.70  | 0.63%             | 2051-11-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae                                                                | G2SF 4 7/25 MBS 30yr                                                                      | CUSIP: 21H040673<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  52449000 | PA      | $48774044.90  | 0.90%             | 2052-04-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae                                                                | G2SF 5.5 7/25 MBS 30yr                                                                    | CUSIP: 21H052678<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  24880000 | PA      | $24920424.78  | 0.46%             | 2055-02-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cousins Properties LP                                                     | Cousins Properties LP 5.38 02/15/2032                                                     | CUSIP: 222793AB7<br>LEI: 254900ZQIHJ5FQH4C329 | Long             | DBT              | CORP              | US        |   6951000 | PA      | $7029496.81   | 0.13%             | 2032-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Cox Communications Inc                                                    | Cox Communications Inc 5.70 06/15/2033                                                    | CUSIP: 224044CS4<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |   4294000 | PA      | $4348378.66   | 0.08%             | 2033-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Credit Agricole SA                                                        | Credit Agricole SA (pfd) 8.13% 03/23/2174 Perpetual                                       | CUSIP: 225313AJ4<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | EP               | CORP              | FR        |  22150000 | NS      | $22445591.75  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Agricole SA                                                        | Credit Agricole SA 5.22 05/27/2031                                                        | CUSIP: 22535WAR8<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   2862000 | PA      | $2916377.11   | 0.05%             | 2031-05-27      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| CyrusOne Data Centers Issuer I LLC                                        | CyrusOne Data Centers Issuer I LLC 0.00                                                   | CUSIP: 23284BAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11800000 | PA      | $11506365.26  | 0.21%             | 2049-05-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DI Issuer LLC                                                             | DI Issuer LLC 3.72                                                                        | CUSIP: 23292FAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  28969852 | PA      | $27558257.95  | 0.51%             | 2051-09-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| DR Horton Inc                                                             | DR Horton Inc 4.85 10/15/2030                                                             | CUSIP: 23331ABT5<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | DBT              | CORP              | US        |   3778000 | PA      | $3812830.25   | 0.07%             | 2030-10-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| DTE Electric Co                                                           | DTE Electric Co 5.85 05/15/2055                                                           | CUSIP: 23338VAZ9<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $1291198.15   | 0.02%             | 2055-05-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 5.00                                                                      | CUSIP: 3140QQKL8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  44311867 | PA      | $43695006.96  | 0.81%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 5.50                                                                      | CUSIP: 3140QREQ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  42766598 | PA      | $42977265.53  | 0.80%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 6.50                                                                      | CUSIP: 3140QREU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  36410427 | PA      | $37759804.04  | 0.70%             | 2053-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 6.00                                                                      | CUSIP: 3140QS4H1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  24958488 | PA      | $25594863.22  | 0.47%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 6.00                                                                      | CUSIP: 3140QS4T5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  26079033 | PA      | $26555604.19  | 0.49%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 5.50                                                                      | CUSIP: 3140QUBQ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  50611941 | PA      | $50774303.77  | 0.94%             | 2054-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                           | Fannie Mae Pool 6.00                                                                      | CUSIP: 3140QUNV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  27202453 | PA      | $27697629.26  | 0.51%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                  | Ginnie Mae II Pool 3.00                                                                   | CUSIP: 36179VQT0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  20356786 | PA      | $18076183.92  | 0.33%             | 2050-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                  | Ginnie Mae II Pool 2.00                                                                   | CUSIP: 36179VVX5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  51533808 | PA      | $42013445.28  | 0.78%             | 2050-10-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                  | Ginnie Mae II Pool 3.50                                                                   | CUSIP: 36179WG51<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  13628401 | PA      | $12470766.35  | 0.23%             | 2051-06-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                  | Ginnie Mae II Pool 3.00                                                                   | CUSIP: 36179WJS8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  18972056 | PA      | $16816640.31  | 0.31%             | 2051-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                  | Ginnie Mae II Pool 4.00                                                                   | CUSIP: 36179XFG6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  46642382 | PA      | $43616916.53  | 0.81%             | 2052-09-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                  | Ginnie Mae II Pool 4.50                                                                   | CUSIP: 36179XFH4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  33160630 | PA      | $32033366.55  | 0.59%             | 2052-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                  | Ginnie Mae II Pool 4.50                                                                   | CUSIP: 36179XHY5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  44907464 | PA      | $43390138.36  | 0.80%             | 2052-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GLP Capital LP / GLP Financing II Inc                                     | GLP Capital LP / GLP Financing II Inc 5.38 04/15/2026                                     | CUSIP: 361841AH2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3105000 | PA      | $3107617.52   | 0.06%             | 2026-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc                                                        | Ally Financial Inc 8.00 11/01/2031                                                        | CUSIP: 36186CBY8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   9743000 | PA      | $11098784.14  | 0.21%             | 2031-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae I Pool                                                         | Ginnie Mae I Pool 4.50                                                                    | CUSIP: 36200MTD5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    377356 | PA      | $375629.60    | 0.01%             | 2033-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                  | Ginnie Mae II Pool 7.00                                                                   | CUSIP: 36202CNT6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        53 | PA      | $55.17        | 0.00%             | 2026-04-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                  | Ginnie Mae II Pool 6.00                                                                   | CUSIP: 36202E2C2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     61629 | PA      | $64559.82     | 0.00%             | 2039-02-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                  | Ginnie Mae II Pool 6.00                                                                   | CUSIP: 36202EWE5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    163371 | PA      | $174348.80    | 0.00%             | 2038-09-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                  | Ginnie Mae II Pool 6.00                                                                   | CUSIP: 36202EZH5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     59745 | PA      | $62586.72     | 0.00%             | 2039-01-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                  | Ginnie Mae II Pool 4.00                                                                   | CUSIP: 36202FMA1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    599448 | PA      | $573555.28    | 0.01%             | 2040-11-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae I Pool                                                         | Ginnie Mae I Pool 4.50                                                                    | CUSIP: 36204DT66<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    174638 | PA      | $170904.04    | 0.00%             | 2041-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae I Pool                                                         | Ginnie Mae I Pool 6.00                                                                    | CUSIP: 36290RRK1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    204531 | PA      | $209926.94    | 0.00%             | 2033-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae I Pool                                                         | Ginnie Mae I Pool 4.50                                                                    | CUSIP: 36296XXF6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    461928 | PA      | $454338.25    | 0.01%             | 2039-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GCAT 2024-INV3 Trust                                                      | GCAT 2024-INV3 Trust 5.50                                                                 | CUSIP: 36830FAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10187145 | PA      | $10232243.87  | 0.19%             | 2054-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co Inc                                           | General Motors Financial Co Inc 5.60 06/18/2031                                           | CUSIP: 37045XEY8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | CA        |   4150000 | PA      | $4234400.50   | 0.08%             | 2031-06-18      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                                               | Oracle Corp 5.50 09/27/2064                                                               | CUSIP: 68389XCV5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2734588.80   | 0.05%             | 2064-09-27      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Blue Owl Capital Corp                                                     | Blue Owl Capital Corp 2.88 06/11/2028                                                     | CUSIP: 69121KAG9<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |   2015000 | PA      | $1877714.68   | 0.03%             | 2028-06-11      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Blue Owl Capital Corp                                                     | Blue Owl Capital Corp 5.95 03/15/2029                                                     | CUSIP: 69121KAH7<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |   6231000 | PA      | $6265111.98   | 0.12%             | 2029-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PK Alift Loan Funding 3 LP                                                | PK Alift Loan Funding 3 LP 5.84                                                           | CUSIP: 69291VAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10117543 | PA      | $10256842.09  | 0.19%             | 2039-09-15      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| PECO Energy Co                                                            | PECO Energy Co 4.38 08/15/2052                                                            | CUSIP: 693304BE6<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |   4925000 | PA      | $4086184.98   | 0.08%             | 2052-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co                                               | Pacific Gas and Electric Co 4.20 06/01/2041                                               | CUSIP: 694308JU2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   2405000 | PA      | $1851648.32   | 0.03%             | 2041-06-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                                            | Palmer Square Loan Funding 2025-1 Ltd 5.52                                                | CUSIP: 69704CAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7400000 | PA      | $7362142.34   | 0.14%             | 2033-02-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Paychex Inc                                                               | Paychex Inc 5.35 04/15/2032                                                               | CUSIP: 704326AB3<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |   5985000 | PA      | $6148330.35   | 0.11%             | 2032-04-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Pepperdine University                                                     | Pepperdine University 3.30 12/01/2059                                                     | CUSIP: 71338QAC0<br>LEI: 549300G0RVHY0VSFWD76 | Long             | DBT              | CORP              | US        |   5873000 | PA      | $3647525.49   | 0.07%             | 2059-12-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                       | Petroleos Mexicanos 6.50 03/13/2027                                                       | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   9234000 | PA      | $9175618.96   | 0.17%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                       | Petroleos Mexicanos 5.35 02/12/2028                                                       | CUSIP: 71654QCK6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |  17922000 | PA      | $17220920.04  | 0.32%             | 2028-02-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                       | Petroleos Mexicanos 6.49 01/23/2027                                                       | CUSIP: 71654QDB5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   5652000 | PA      | $5627006.29   | 0.10%             | 2027-01-23      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                       | Petroleos Mexicanos 6.84 01/23/2030                                                       | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1562000 | PA      | $1510015.86   | 0.03%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| Piedmont Operating Partnership LP                                         | Piedmont Operating Partnership LP 3.15 08/15/2030                                         | CUSIP: 720198AE0<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              | CORP              | US        |    918000 | PA      | $824039.82    | 0.02%             | 2030-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Piedmont Operating Partnership LP                                         | Piedmont Operating Partnership LP 9.25 07/20/2028                                         | CUSIP: 720198AG5<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              | CORP              | US        |   6580000 | PA      | $7331814.55   | 0.14%             | 2028-07-20      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Piedmont Operating Partnership LP                                         | Piedmont Operating Partnership LP 6.88 07/15/2029                                         | CUSIP: 720198AJ9<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              | CORP              | US        |   1173000 | PA      | $1236087.56   | 0.02%             | 2029-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                   | Port Authority of New York & New Jersey 4.93% 10/01/2051                                  | CUSIP: 73358WEK6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2126348.85   | 0.04%             | 2051-10-01      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Provident Funding Mortgage Trust 2025-1                                   | Provident Funding Mortgage Trust 2025-1 5.50                                              | CUSIP: 74388NAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  25810612 | PA      | $25912275.17  | 0.48%             | 2055-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Provident Funding Mortgage Trust 2024-1                                   | Provident Funding Mortgage Trust 2024-1 5.50                                              | CUSIP: 74389BAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  22278614 | PA      | $22359614.51  | 0.41%             | 2054-12-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES8                                             | RCKT Mortgage Trust 2024-CES8 5.49                                                        | CUSIP: 749421AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10496397 | PA      | $10524852.64  | 0.20%             | 2044-11-25      | Variable      | 5.49%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES1                                             | RCKT Mortgage Trust 2024-CES1 6.03                                                        | CUSIP: 749424AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10459951 | PA      | $10527647.84  | 0.20%             | 2044-02-25      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES3                                             | RCKT Mortgage Trust 2024-CES3 6.59                                                        | CUSIP: 74942AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5792979 | PA      | $5872634.86   | 0.11%             | 2044-05-25      | Variable      | 6.59%                 | No            |                  2 | On Loan: No      |
| RATE Mortgage Trust 2024-J3                                               | RATE Mortgage Trust 2024-J3 5.50                                                          | CUSIP: 75409UAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5671395 | PA      | $5673563.25   | 0.11%             | 2054-10-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Rate Mortgage Trust 205-J1                                                | Rate Mortgage Trust 205-J1 5.50                                                           | CUSIP: 75410CAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5950901 | PA      | $5983557.01   | 0.11%             | 2055-03-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Rate Mortgage Trust 2024-J1                                               | Rate Mortgage Trust 2024-J1 6.00                                                          | CUSIP: 75410PAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8819093 | PA      | $8867370.05   | 0.16%             | 2054-07-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Ready Capital Corp                                                        | Ready Capital Mortgage Financing 2023-FL12 LLC 6.65                                       | CUSIP: 75575AAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1157963 | PA      | $1159669.29   | 0.02%             | 2038-05-25      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Finance USA PLC                                                 | Rio Tinto Finance USA PLC 5.75 03/14/2055                                                 | CUSIP: 76720AAV8<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   3760000 | PA      | $3768435.30   | 0.07%             | 2055-03-14      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                         | NatWest Group PLC (pfd) 6.00% 09/30/2173 Perpetual                                        | CUSIP: 780097BQ3<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EP               | CORP              | GB        |  16895000 | NS      | $16909484.08  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd                                               | Royal Caribbean Cruises Ltd 6.00 02/01/2033                                               | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | US        |   8967000 | PA      | $9145461.23   | 0.17%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                      | Royal Bank of Canada 5.15 02/04/2031                                                      | CUSIP: 78017DAC2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   8905000 | PA      | $9091588.78   | 0.17%             | 2031-02-04      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| SCF Equipment Leasing 2024-1 LLC                                          | SCF Equipment Leasing 2024-1 LLC 5.56                                                     | CUSIP: 783896AD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5425000 | PA      | $5599581.93   | 0.10%             | 2032-04-20      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| SCF Equipment Leasing 2024-1 LLC                                          | SCF Equipment Leasing 2024-1 LLC 5.82                                                     | CUSIP: 783896AE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3150000 | PA      | $3261791.30   | 0.06%             | 2032-09-20      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 4.38 11/15/2039                                          | CUSIP: 912810QD3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4902929.70   | 0.09%             | 2039-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 4.63 02/15/2040                                          | CUSIP: 912810QE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10061328.10  | 0.19%             | 2040-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 3.75 08/15/2041                                          | CUSIP: 912810QS0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11000000 | PA      | $9858320.34   | 0.18%             | 2041-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 3.00 05/15/2042                                          | CUSIP: 912810QW1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7000000 | PA      | $5591796.84   | 0.10%             | 2042-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 2.50 02/15/2045                                          | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7600000 | PA      | $5352656.29   | 0.10%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 3.00 05/15/2045                                          | CUSIP: 912810RM2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14000000 | PA      | $10728046.84  | 0.20%             | 2045-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 2.50 02/15/2046                                          | CUSIP: 912810RQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8000000 | PA      | $5546250.00   | 0.10%             | 2046-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 2.75 11/15/2047                                          | CUSIP: 912810RZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $7114062.50   | 0.13%             | 2047-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond - When Issued                            | United States Treasury Note/Bond 3.25 05/15/2042                                          | CUSIP: 912810TH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11500000 | PA      | $9517597.69   | 0.18%             | 2042-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 3.38 08/15/2042                                          | CUSIP: 912810TK4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $8396484.40   | 0.16%             | 2042-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                                                    | UnitedHealth Group Inc 5.05 04/15/2053                                                    | CUSIP: 91324PEW8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   7490000 | PA      | $6690942.16   | 0.12%             | 2053-04-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                                                    | UnitedHealth Group Inc 5.50 07/15/2044                                                    | CUSIP: 91324PFK3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   6109000 | PA      | $5954219.20   | 0.11%             | 2044-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                                                    | UnitedHealth Group Inc 5.30 06/15/2035                                                    | CUSIP: 91324PFQ0<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   6082000 | PA      | $6201253.42   | 0.11%             | 2035-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Regents of the University of California Medical Center Pooled Revenue     | Regents of the University of California Medical Center Pooled Revenue 3.26% 05/15/2060    | CUSIP: 913366KC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4120000 | PA      | $2604154.36   | 0.05%             | 2060-05-15      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District/CA                                 | Los Angeles Community College District/CA 6.75% 08/01/2049                                | CUSIP: 54438CPA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2685607.68   | 0.05%             | 2049-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                | City of Los Angeles Department of Airports 6.58% 05/15/2039                               | CUSIP: 544435C32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1404387.27   | 0.03%             | 2039-05-15      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corp                                                             | M&T Bank Corp (pfd) 5.13% 05/01/2174 Perpetual                                            | CUSIP: 55261FAH7<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |    611000 | NS      | $609328.37    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MFA 2021-INV2 Trust                                                       | MFA 2021-INV2 Trust 2.26                                                                  | CUSIP: 552732AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8672046 | PA      | $7818762.34   | 0.14%             | 2056-11-25      | Variable      | 2.26%                 | No            |                  2 | On Loan: No      |
| MFA 2021-NQM1 Trust                                                       | MFA 2021-NQM1 Trust 1.64                                                                  | CUSIP: 55283FAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2647638 | PA      | $2498459.97   | 0.05%             | 2065-04-25      | Variable      | 1.64%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga                                            | MF1 2021-FL7 Ltd 5.88                                                                     | CUSIP: 55284AAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  17817000 | PA      | $17671290.79  | 0.33%             | 2036-10-16      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| MFA 2024-NQM1 Trust                                                       | MFA 2024-NQM1 Trust 6.58                                                                  | CUSIP: 55286VAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10264732 | PA      | $10396062.59  | 0.19%             | 2069-03-25      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| MIRA Trust 2023-MILE                                                      | MIRA Trust 2023-MILE 6.75                                                                 | CUSIP: 55318EAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13305000 | PA      | $13860930.80  | 0.26%             | 2038-06-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd/London                                                 | Macquarie Bank Ltd/London (pfd) 6.13% 09/08/2173 Perpetual                                | CUSIP: 556079AB7<br>LEI: 549300MPRNPO6FWNKN78 | Long             | EP               | CORP              | GB        |  13489000 | NS      | $13563202.99  | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Madison Park Funding Lxviii Ltd                                           | Madison Park Funding Lxviii Ltd 6.10                                                      | CUSIP: 55822XAG2<br>LEI: 213800XCOFXF5X7M9P78 | Long             | ABS-CBDO         | CORP              | US        |  13825000 | PA      | $13839989.07  | 0.26%             | 2038-01-20      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Magallanes Inc                                                            | Warnermedia Holdings Inc 3.76 03/15/2027                                                  | CUSIP: 55903VBA0<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |  10939000 | PA      | $10208391.96  | 0.19%             | 2027-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                                                         | Magnetite Xli Ltd 6.09                                                                    | CUSIP: 55956AAC9<br>LEI: 529900IDXPZZY6034K03 | Long             | ABS-CBDO         | CORP              | US        |   6375000 | PA      | $6379660.13   | 0.12%             | 2038-01-25      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| Mars Inc                                                                  | Mars Inc 5.20 03/01/2035                                                                  | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   8020000 | PA      | $8120092.89   | 0.15%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Mars Inc                                                                  | Mars Inc 5.65 05/01/2045                                                                  | CUSIP: 571676BB0<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   4800000 | PA      | $4814421.22   | 0.09%             | 2045-05-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Mars Inc                                                                  | Mars Inc 5.70 05/01/2055                                                                  | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   2682000 | PA      | $2677360.52   | 0.05%             | 2055-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Martin Marietta Materials Inc                                             | Martin Marietta Materials Inc 5.15 12/01/2034                                             | CUSIP: 573284BA3<br>LEI: 5299005MZ4WZECVATV08 | Long             | DBT              | CORP              | US        |   5531000 | PA      | $5560489.69   | 0.10%             | 2034-12-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Massachusetts Institute of Technology                                     | Massachusetts Institute of Technology 5.62 06/01/2055                                     | CUSIP: 575718AK7<br>LEI: DLZO3A31IADZ27B62557 | Long             | DBT              | CORP              | US        |   1470000 | PA      | $1516862.63   | 0.03%             | 2055-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP/Medline Co-Issuer Inc                                 | Medline Borrower LP/Medline Co-Issuer Inc 6.25 04/01/2029                                 | CUSIP: 58506DAA6<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   6640000 | PA      | $6829465.76   | 0.13%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Meritage Homes Corp                                                       | Meritage Homes Corp 5.65 03/15/2035                                                       | CUSIP: 59001ABG6<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |   3864000 | PA      | $3877833.12   | 0.07%             | 2035-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd | Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd 6.50 06/20/2027 | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15461359 | PA      | $15491307.85  | 0.29%             | 2027-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Missouri Highway & Transportation Commission                              | Missouri Highway & Transportation Commission 5.45% 05/01/2033                             | CUSIP: 60636WNU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102418.29    | 0.00%             | 2033-05-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                            | Morgan Stanley 5.16 04/20/2029                                                            | CUSIP: 61747YFD2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   4106000 | PA      | $4187205.18   | 0.08%             | 2029-04-20      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                            | Morgan Stanley 6.41 11/01/2029                                                            | CUSIP: 61747YFH3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3540000 | PA      | $3750252.14   | 0.07%             | 2029-11-01      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                            | Morgan Stanley 6.63 11/01/2034                                                            | CUSIP: 61747YFJ9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   9890000 | PA      | $10905903.57  | 0.20%             | 2034-11-01      | Variable      | 6.63%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                            | Morgan Stanley 5.83 04/19/2035                                                            | CUSIP: 61747YFR1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2310000 | PA      | $2421041.98   | 0.04%             | 2035-04-19      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                            | Morgan Stanley 5.52 11/19/2055                                                            | CUSIP: 61747YFV2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2170000 | PA      | $2122243.38   | 0.04%             | 2055-11-19      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust 2025-1                     | Morgan Stanley Residential Mortgage Loan Trust 2025-1 6.00                                | CUSIP: 617944AE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9922079 | PA      | $10018041.86  | 0.19%             | 2055-03-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Motorola Solutions Inc                                                    | Motorola Solutions Inc 4.85 08/15/2030                                                    | CUSIP: 620076CA5<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |   3845000 | PA      | $3887529.66   | 0.07%             | 2030-08-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Motorola Solutions Inc                                                    | Motorola Solutions Inc 5.20 08/15/2032                                                    | CUSIP: 620076CB3<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |   4055000 | PA      | $4124587.69   | 0.08%             | 2032-08-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Mountain View Funding CLO                                                 | Mountain View CLO 2017-2 LLC 6.22                                                         | CUSIP: 62432LAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   9200000 | PA      | $9230534.80   | 0.17%             | 2031-01-16      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Nationwide Building Society                                               | Nationwide Building Society 4.13 10/18/2032                                               | CUSIP: 63859WAF6<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   5076000 | PA      | $4963707.00   | 0.09%             | 2032-10-18      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| New Economy Assets - Phase 1 Sponsor LLC                                  | New Economy Assets - Phase 1 Sponsor LLC 2.41                                             | CUSIP: 643821AB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  22715000 | PA      | $20860004.51  | 0.39%             | 2061-10-20      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY TURNPIKE                                                       | New Jersey Turnpike Authority 7.10% 01/01/2041                                            | CUSIP: 646139X83<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    970000 | PA      | $1112026.43   | 0.02%             | 2041-01-01      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                       | City of New York NY 5.97% 03/01/2036                                                      | CUSIP: 64966HYM6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    500000 | PA      | $524671.50    | 0.01%             | 2036-03-01      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                       | City of New York NY 6.27% 12/01/2037                                                      | CUSIP: 64966JAR7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    335000 | PA      | $359324.79    | 0.01%             | 2037-12-01      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                        | New York State Dormitory Authority 3.19% 02/15/2043                                       | CUSIP: 64990F5N0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $377155.30    | 0.01%             | 2043-02-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| Newmont Corp / Newcrest Finance Pty Ltd                                   | Newmont Corp / Newcrest Finance Pty Ltd 5.35 03/15/2034                                   | CUSIP: 65163LAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5715000 | PA      | $5866480.93   | 0.11%             | 2034-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| NiSource Inc                                                              | NiSource Inc 5.35 07/15/2035                                                              | CUSIP: 65473PAX3<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   5253000 | PA      | $5298090.86   | 0.10%             | 2035-07-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                                           | Nordea Bank Abp (pfd) 6.63% 09/26/2173 Perpetual                                          | CUSIP: 65559CAA9<br>LEI: 529900ODI3047E2LIV03 | Long             | EP               | CORP              | FI        |  18945000 | NS      | $19101296.25  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordson Corp                                                              | Nordson Corp 4.50 12/15/2029                                                              | CUSIP: 655663AC6<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | DBT              | CORP              | US        |   7680000 | PA      | $7688083.89   | 0.14%             | 2029-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Northern Natural Gas Co                                                   | Northern Natural Gas Co 5.63 02/01/2054                                                   | CUSIP: 665501AN2<br>LEI: 5493007M02M6CT9EXE41 | Long             | DBT              | CORP              | US        |   1030000 | PA      | $993920.66    | 0.02%             | 2054-02-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Northern States Power Co/MN                                               | Northern States Power Co/MN 5.10 05/15/2053                                               | CUSIP: 665772CX5<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |   4035000 | PA      | $3724359.84   | 0.07%             | 2053-05-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Icon Investments Six DAC                                                  | Icon Investments Six DAC 6.00 05/08/2034                                                  | CUSIP: 45115AAC8<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |   4671000 | PA      | $4776264.63   | 0.09%             | 2034-05-08      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                                                              | ING Groep NV (pfd) 5.75% 11/16/2173 Perpetual                                             | CUSIP: 456837AR4<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EP               | CORP              | NL        |  19425000 | NS      | $19334434.82  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Intel Corp                                                                | Intel Corp 3.90 03/25/2030                                                                | CUSIP: 458140BR0<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   8445000 | PA      | $8189750.38   | 0.15%             | 2030-03-25      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Intel Corp                                                                | Intel Corp 5.70 02/10/2053                                                                | CUSIP: 458140CJ7<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   3535000 | PA      | $3292243.03   | 0.06%             | 2053-02-10      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Intel Corp                                                                | Intel Corp 5.15 02/21/2034                                                                | CUSIP: 458140CL2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   4215000 | PA      | $4208219.29   | 0.08%             | 2034-02-21      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Intel Corp                                                                | Intel Corp 5.60 02/21/2054                                                                | CUSIP: 458140CM0<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   3314000 | PA      | $3042334.09   | 0.06%             | 2054-02-21      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                                       | Intesa Sanpaolo SpA (pfd) 7.70% 03/17/2174 Perpetual                                      | CUSIP: 46115HAU1<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EP               | CORP              | IT        |   8450000 | NS      | $8486715.25   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Keysight Technologies Inc                                                 | Keysight Technologies Inc 5.35 07/30/2030                                                 | CUSIP: 49338LAH6<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |   4003000 | PA      | $4129814.12   | 0.08%             | 2030-07-30      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Kilroy Realty LP                                                          | Kilroy Realty LP 2.50 11/15/2032                                                          | CUSIP: 49427RAQ5<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              | CORP              | US        |   4300000 | PA      | $3463519.88   | 0.06%             | 2032-11-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Kilroy Realty LP                                                          | Kilroy Realty LP 2.65 11/15/2033                                                          | CUSIP: 49427RAR3<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              | CORP              | US        |   8821000 | PA      | $6933848.84   | 0.13%             | 2033-11-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Co                                                      | Kraft Heinz Foods Co 5.00 06/04/2042                                                      | CUSIP: 50076QAE6<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   4575000 | PA      | $4129891.75   | 0.08%             | 2042-06-04      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Snam SpA                                                                  | Snam SpA 6.50 05/28/2055                                                                  | CUSIP: 83304JAC1<br>LEI: 8156002278562044AF79 | Long             | DBT              | CORP              | IT        |   3985000 | PA      | $4145129.10   | 0.08%             | 2055-05-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                       | Societe Generale SA 5.51 05/22/2031                                                       | CUSIP: 83368RCG5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   2509000 | PA      | $2559585.25   | 0.05%             | 2031-05-22      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                       | Societe Generale SA (pfd) 4.75% 11/26/2173 Perpetual                                      | CUSIP: 83370RAB4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EP               | CORP              | FR        |   8201000 | NS      | $8099671.72   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                       | Societe Generale SA (pfd) 9.38% 05/22/2174 Perpetual                                      | CUSIP: 83370RAC2<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EP               | CORP              | FR        |   3705000 | NS      | $3941078.90   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Sprint Capital Corp                                                       | Sprint Capital Corp 6.88 11/15/2028                                                       | CUSIP: 852060AD4<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |   3699000 | PA      | $3971935.45   | 0.07%             | 2028-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LELAND STANFORD JR UNIV                                                   | Leland Stanford Junior University/The 4.68 03/01/2035                                     | CUSIP: 85440KAE4<br>LEI: JIUV0DC2REIJXQ26CR37 | Long             | DBT              | CORP              | US        |    895000 | PA      | $890112.49    | 0.02%             | 2035-03-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| State Street Corp                                                         | State Street Corp 5.75 11/04/2026                                                         | CUSIP: 857477BX0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   4465000 | PA      | $4485098.93   | 0.08%             | 2026-11-04      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Subway Funding LLC                                                        | Subway Funding LLC 6.03                                                                   | CUSIP: 864300AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  20633315 | PA      | $21024101.73  | 0.39%             | 2054-07-30      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| Sumter Landing Community Development District                             | Sumter Landing Community Development District 5.57% 10/01/2040                            | CUSIP: 86657MCH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $897458.59    | 0.02%             | 2040-10-01      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| Sumter Landing Community Development District                             | Sumter Landing Community Development District 5.74% 10/01/2045                            | CUSIP: 86657MCJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1335376.39   | 0.02%             | 2045-10-01      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Sumter Landing Community Development District                             | Sumter Landing Community Development District 5.82% 10/01/2054                            | CUSIP: 86657MCK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2410000 | PA      | $2416917.18   | 0.04%             | 2054-10-01      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer LLC                                                     | Switch ABS Issuer LLC 5.44                                                                | CUSIP: 871044AE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9075000 | PA      | $9154996.13   | 0.17%             | 2054-06-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Synopsys Inc                                                              | Synopsys Inc 5.00 04/01/2032                                                              | CUSIP: 871607AD9<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |  10141000 | PA      | $10276338.54  | 0.19%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp                                                     | Tenet Healthcare Corp 5.13 11/01/2027                                                     | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   2071000 | PA      | $2069032.98   | 0.04%             | 2027-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp                                                     | Tenet Healthcare Corp 6.25 02/01/2027                                                     | CUSIP: 88033GDS6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   5690000 | PA      | $5693336.90   | 0.11%             | 2027-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Tennessee Valley Authority                                                | Tennessee Valley Authority 1.50 09/15/2031                                                | CUSIP: 880591EX6<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   4000000 | PA      | $3438815.76   | 0.06%             | 2031-09-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Texas Natural Gas Securitization Finance Corp                             | Texas Natural Gas Securitization Finance Corp 5.17% 04/01/2041                            | CUSIP: 88258MAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3865000 | PA      | $3907344.17   | 0.07%             | 2041-04-01      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable LLC                                                     | Time Warner Cable LLC 6.55 05/01/2037                                                     | CUSIP: 88732JAJ7<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |   6581000 | PA      | $6800394.48   | 0.13%             | 2037-05-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank/The                                                 | Toronto-Dominion Bank/The 8.13 10/31/2082                                                 | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  15917000 | PA      | $16663618.72  | 0.31%             | 2082-10-31      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

**Name of Applicant:** American Century Investment Trust

**Signature:** Amy R. Bitter

**Name of Signer:** Amy R. Bitter

**Title:** Assistant Treasurer