# EDGAR Filing Document

**Accession Number:** 0000088063
**File Stem:** 0001410368-25-040584
**Filing Date:** 2025-12
**Character Count:** 214591
**Document Hash:** 56a1e4ee5c213f9c5218b32251b66c92
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-040584.hdr.sgml**: 20251222

**ACCESSION NUMBER**: 0001410368-25-040584

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251222

**DATE AS OF CHANGE**: 20251222

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEUTSCHE DWS PORTFOLIO TRUST
- **CENTRAL INDEX KEY:** 0000088063

**ORGANIZATION NAME:**
- **EIN:** 046013018
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-00042
- **FILM NUMBER:** 251590795

**BUSINESS ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225
- **BUSINESS PHONE:** 212-454-4500

**MAIL ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DEUTSCHE PORTFOLIO TRUST
- **DATE OF NAME CHANGE:** 20140811

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DWS PORTFOLIO TRUST
- **DATE OF NAME CHANGE:** 20060207

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SCUDDER PORTFOLIO TRUST/
- **DATE OF NAME CHANGE:** 19930305

## Series and Classes Contracts Data

### DWS Total Return Bond Fund (Series ID: S000006101)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000016770 | Class A             | SZIAX           |
| C000016773 | Class C             | SZICX           |
| C000016774 | Class S             | SCSBX           |
| C000016775 | Institutional Class | SZIIX           |

## Nport-Ex

Investment Portfolio**as of October 31, 2025 (Unaudited)** 

**DWS Total Return Bond Fund** 

---

| | | |
|:---|:---|:---|
|  | **Principal** <br>**Amount ($)**<br>| **Value ($)** |
| **Corporate Bonds 39.3%** | **Corporate Bonds 39.3%** |  |
| **Communication Services 4.7%** | **Communication Services 4.7%** |  |
| Alphabet, Inc., 5.25%, 5/15/2055  | 425000 | &nbsp;&nbsp; 421151 |
| AT&T, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 3.55%, 9/15/2055 | 220000 | &nbsp;&nbsp; 150860 |
| &nbsp;&nbsp;&nbsp; 4.9%, 11/1/2035 | 1000000 | &nbsp;&nbsp; 985744 |
| &nbsp;&nbsp;&nbsp; 5.4%, 2/15/2034 | 1700000 | &nbsp;&nbsp; 1758201 |
| CCO Holdings LLC, 144A, 5.125%, 5/1/2027  | 2000000 | &nbsp;&nbsp; 1988470 |
| Charter Communications Operating LLC: |  |  |
| &nbsp;&nbsp;&nbsp; 5.85%, 12/1/2035 (a) | 571000 | &nbsp;&nbsp; 569457 |
| &nbsp;&nbsp;&nbsp; 6.384%, 10/23/2035 | 300000 | &nbsp;&nbsp; 310755 |
| Comcast Corp., 5.5%, 5/15/2064  | 250000 | &nbsp;&nbsp; 230742 |
| Meta Platforms, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 4.875%, 11/15/2035 (b) | 398000 | &nbsp;&nbsp; 399760 |
| &nbsp;&nbsp;&nbsp; 5.4%, 8/15/2054 | 291000 | &nbsp;&nbsp; 280217 |
| &nbsp;&nbsp;&nbsp; 5.625%, 11/15/2055 (b) | 412000 | &nbsp;&nbsp; 408901 |
| NTT Finance Corp.: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 5.171%, 7/16/2032 | 431000 | &nbsp;&nbsp; 442870 |
| &nbsp;&nbsp;&nbsp; 144A, 5.502%, 7/16/2035 | 280000 | &nbsp;&nbsp; 291872 |
| Paramount Global, 4.2%, 6/1/2029  | 725000 | &nbsp;&nbsp; 710048 |
| T-Mobile U.S.A., Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.3%, 5/15/2035 | 390000 | &nbsp;&nbsp; 398909 |
| &nbsp;&nbsp;&nbsp; 5.875%, 11/15/2055 | 500000 | &nbsp;&nbsp; 507166 |
| Verizon Communications, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 2.65%, 11/20/2040 | 117000 | &nbsp;&nbsp; 83765 |
| &nbsp;&nbsp;&nbsp; 2.85%, 9/3/2041 | 150000 | &nbsp;&nbsp; 108446 |
| &nbsp;&nbsp;&nbsp; 3.7%, 3/22/2061 | 132000 | &nbsp;&nbsp; 91969 |
| Videotron Ltd., 144A, 5.7%, 1/15/2035  | 555000 | &nbsp;&nbsp; 567694 |
| Warnermedia Holdings, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; Series WI, 4.054%, 3/15/2029 | 500000 | &nbsp;&nbsp; 485520 |
| &nbsp;&nbsp;&nbsp; 4.279%, 3/15/2032 | 146000 | &nbsp;&nbsp; 133727 |
|  |  | &nbsp;&nbsp; **11326244** |
| **Consumer Discretionary 2.7%** | **Consumer Discretionary 2.7%** |  |
| Carnival Corp.: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 5.125%, 5/1/2029 | 1500000 | &nbsp;&nbsp; 1518544 |
| &nbsp;&nbsp;&nbsp; 144A, 6.125%, 2/15/2033 | 144000 | &nbsp;&nbsp; 148488 |
| Ford Motor Credit Co. LLC, 5.8%, 3/8/2029  | 500000 | &nbsp;&nbsp; 508820 |
| General Motors Financial Co., Inc., 5.55%, 7/15/2029  | 975000 | &nbsp;&nbsp; 1010685 |
| Las Vegas Sands Corp., 5.625%, 6/15/2028  | 419000 | &nbsp;&nbsp; 428441 |
| Lowe's Companies, Inc., 4.25%, 3/15/2031  | 908000 | &nbsp;&nbsp; 902188 |
| Marriott International, Inc., 5.5%, 4/15/2037  | 610000 | &nbsp;&nbsp; 626322 |
| McDonald's Corp., 5.0%, 2/13/2036  | 351000 | &nbsp;&nbsp; 353595 |
| O'Reilly Automotive, Inc., 5.0%, 8/19/2034  | 525000 | &nbsp;&nbsp; 528775 |
| Viking Cruises Ltd., 144A, 5.875%, 10/15/2033  | 116000 | &nbsp;&nbsp; 117922 |
| Volkswagen Group of America Finance LLC, 144A, 4.55%, 9/11/2028  | 500000 | &nbsp;&nbsp; 501693 |
|  |  | &nbsp;&nbsp; **6645473** |

---

------

---

| | | |
|:---|:---|:---|
| **Consumer Staples 2.0%** | **Consumer Staples 2.0%** |  |
| Anheuser-Busch Companies LLC, 4.9%, 2/1/2046  | 165000 | &nbsp;&nbsp; 155221 |
| BAT Capital Corp., 4.625%, 3/22/2033  | 1000000 | &nbsp;&nbsp; 987930 |
| Bunge Ltd. Finance Corp., 5.25%, 4/21/2032  | 750000 | &nbsp;&nbsp; 772347 |
| Coty, Inc., 144A, 5.6%, 1/15/2031  | 150000 | &nbsp;&nbsp; 150505 |
| JBS USA Holding Lux SARL: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 6.375%, 4/15/2066 | 305000 | &nbsp;&nbsp; 312021 |
| &nbsp;&nbsp;&nbsp; 6.75%, 3/15/2034 | 331000 | &nbsp;&nbsp; 365177 |
| Kraft Heinz Foods Co., 4.375%, 6/1/2046  | 395000 | &nbsp;&nbsp; 329994 |
| Kroger Co., 5.0%, 9/15/2034  | 500000 | &nbsp;&nbsp; 504093 |
| Mars, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 5.2%, 3/1/2035 | 572000 | &nbsp;&nbsp; 587096 |
| &nbsp;&nbsp;&nbsp; 144A, 5.7%, 5/1/2055 | 334000 | &nbsp;&nbsp; 339845 |
| Sysco Corp., 5.4%, 3/23/2035  | 309000 | &nbsp;&nbsp; 319673 |
|  |  | &nbsp;&nbsp; **4823902** |
| **Energy 6.5%** | **Energy 6.5%** |  |
| BP Capital Markets PLC, 6.125%, Perpetual  | 750000 | &nbsp;&nbsp; 782760 |
| DT Midstream, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 4.125%, 6/15/2029 | 1250000 | &nbsp;&nbsp; 1223321 |
| &nbsp;&nbsp;&nbsp; 144A, 5.8%, 12/15/2034 | 257000 | &nbsp;&nbsp; 265486 |
| Eastern Energy Gas Holdings LLC, 5.8%, 1/15/2035  | 340000 | &nbsp;&nbsp; 358586 |
| Enbridge, Inc., Series 20-A, 5.75%, 7/15/2080 (a) | 900000 | &nbsp;&nbsp; 906098 |
| Energy Transfer LP: |  |  |
| &nbsp;&nbsp;&nbsp; 5.7%, 4/1/2035 | 657000 | &nbsp;&nbsp; 677076 |
| &nbsp;&nbsp;&nbsp; 6.5%, 2/15/2056 | 820000 | &nbsp;&nbsp; 812573 |
| &nbsp;&nbsp;&nbsp; Series B, 6.625%, Perpetual | 850000 | &nbsp;&nbsp; 848693 |
| EQT Corp., 5.75%, 2/1/2034  | 745000 | &nbsp;&nbsp; 779824 |
| Expand Energy Corp., 5.375%, 2/1/2029  | 585000 | &nbsp;&nbsp; 585244 |
| Hess Midstream Operations LP: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 5.875%, 3/1/2028 | 298000 | &nbsp;&nbsp; 304136 |
| &nbsp;&nbsp;&nbsp; 144A, 6.5%, 6/1/2029 | 1000000 | &nbsp;&nbsp; 1036203 |
| HF Sinclair Corp.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.5%, 9/1/2032 | 468000 | &nbsp;&nbsp; 475901 |
| &nbsp;&nbsp;&nbsp; 5.75%, 1/15/2031 | 453000 | &nbsp;&nbsp; 469211 |
| Kinetik Holdings LP, 144A, 6.625%, 12/15/2028  | 536000 | &nbsp;&nbsp; 550511 |
| Occidental Petroleum Corp., 8.875%, 7/15/2030  | 1000000 | &nbsp;&nbsp; 1156288 |
| Petrobras Global Finance BV: |  |  |
| &nbsp;&nbsp;&nbsp; 5.125%, 9/10/2030 | 675000 | &nbsp;&nbsp; 665888 |
| &nbsp;&nbsp;&nbsp; 6.25%, 1/10/2036 | 506000 | &nbsp;&nbsp; 499100 |
| Phillips 66 Co., Series A, 5.875%, 3/15/2056  | 714000 | &nbsp;&nbsp; 709740 |
| Plains All American Pipeline LP, 4.7%, 1/15/2031  | 204000 | &nbsp;&nbsp; 204446 |
| Saudi Arabian Oil Co., 144A, 6.375%, 6/2/2055  | 410000 | &nbsp;&nbsp; 442019 |
| Sunoco LP: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 5.625%, 3/15/2031 | 72000 | &nbsp;&nbsp; 72047 |
| &nbsp;&nbsp;&nbsp; 144A, 6.25%, 7/1/2033 | 235000 | &nbsp;&nbsp; 239962 |
| Targa Resources Partners LP, 5.0%, 1/15/2028  | 800000 | &nbsp;&nbsp; 800770 |
| Venture Global Calcasieu Pass LLC, 144A, 3.875%, 11/1/2033  | 560000 | &nbsp;&nbsp; 494260 |
| Western Midstream Operating LP, 5.45%, 11/15/2034  | 320000 | &nbsp;&nbsp; 319407 |
|  |  | &nbsp;&nbsp; **15679550** |
| **Financials 10.6%** | **Financials 10.6%** |  |
| Bank of America Corp.: |  |  |
| &nbsp;&nbsp;&nbsp; 2.972%, 7/21/2052 (a) | 154000 | &nbsp;&nbsp; 102719 |
| &nbsp;&nbsp;&nbsp; 5.464%, 5/9/2036 | 833000 | &nbsp;&nbsp; 871473 |
| &nbsp;&nbsp;&nbsp; Series UU, 6.25%, Perpetual | 1000000 | &nbsp;&nbsp; 1017220 |
| Bank of Montreal, Series 6, 6.875%, 11/26/2085  | 400000 | &nbsp;&nbsp; 412496 |

---

------

---

| | | |
|:---|:---|:---|
| Barclays PLC, 5.335%, 9/10/2035  | 347000 | &nbsp;&nbsp; 352059 |
| Beacon Funding Trust, 144A, 6.266%, 8/15/2054  | 165000 | &nbsp;&nbsp; 169542 |
| Blackstone Private Credit Fund, 5.25%, 4/1/2030  | 500000 | &nbsp;&nbsp; 497907 |
| Block, Inc., 144A, 6.0%, 8/15/2033  | 895000 | &nbsp;&nbsp; 915134 |
| Canadian Imperial Bank of Commerce, 6.95%, 1/28/2085  | 250000 | &nbsp;&nbsp; 254602 |
| Carlyle Group, Inc., 5.05%, 9/19/2035  | 300000 | &nbsp;&nbsp; 297350 |
| Carlyle Secured Lending, Inc., 5.75%, 2/15/2031  | 750000 | &nbsp;&nbsp; 733651 |
| Charles Schwab Corp., Series H, 4.0%, Perpetual  | 1500000 | &nbsp;&nbsp; 1406734 |
| Citigroup, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 4.503%, 9/11/2031 | 676000 | &nbsp;&nbsp; 676821 |
| &nbsp;&nbsp;&nbsp; 5.174%, 9/11/2036 | 535000 | &nbsp;&nbsp; 541658 |
| &nbsp;&nbsp;&nbsp; 6.02%, 1/24/2036 | 640000 | &nbsp;&nbsp; 669562 |
| &nbsp;&nbsp;&nbsp; Series FF, 6.95%, Perpetual | 525000 | &nbsp;&nbsp; 540076 |
| Credit Agricole SA, 144A, 4.818%, 9/25/2033  | 530000 | &nbsp;&nbsp; 526881 |
| Fair Isaac Corp., 144A, 6.0%, 5/15/2033  | 500000 | &nbsp;&nbsp; 508948 |
| First Citizens BancShares, Inc., 5.6%, 9/5/2035  | 750000 | &nbsp;&nbsp; 747279 |
| Fiserv, Inc., 5.25%, 8/11/2035  | 500000 | &nbsp;&nbsp; 498460 |
| Goldman Sachs BDC, Inc., 5.65%, 9/9/2030  | 525000 | &nbsp;&nbsp; 528465 |
| HSBC Holdings PLC, 6.95%, Perpetual  | 750000 | &nbsp;&nbsp; 780145 |
| Jane Street Group, 144A, 6.125%, 11/1/2032  | 460000 | &nbsp;&nbsp; 468085 |
| JPMorgan Chase & Co.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.572%, 4/22/2036 | 727000 | &nbsp;&nbsp; 766347 |
| &nbsp;&nbsp;&nbsp; Series OO, 6.5%, Perpetual | 941000 | &nbsp;&nbsp; 976652 |
| &nbsp;&nbsp;&nbsp; Series NN, 6.875%, Perpetual | 900000 | &nbsp;&nbsp; 948190 |
| Liberty Mutual Group, Inc., 144A, 4.125%, 12/15/2051  | 830000 | &nbsp;&nbsp; 811288 |
| Lloyds Banking Group PLC, 4.425%, 11/4/2031 (b) | 232000 | &nbsp;&nbsp; 231600 |
| M&T Bank Corp., 5.385%, 1/16/2036  | 690000 | &nbsp;&nbsp; 698912 |
| Marsh & McLennan Companies, Inc., 5.45%, 3/15/2053  | 240000 | &nbsp;&nbsp; 237897 |
| Morgan Stanley: |  |  |
| &nbsp;&nbsp;&nbsp; 5.664%, 4/17/2036 | 438000 | &nbsp;&nbsp; 461206 |
| &nbsp;&nbsp;&nbsp; 5.831%, 4/19/2035 | 770000 | &nbsp;&nbsp; 820997 |
| Prudential Financial, Inc., 5.2%, 3/14/2035  | 545000 | &nbsp;&nbsp; 559774 |
| Raymond James Financial, Inc., 5.65%, 9/11/2055  | 165000 | &nbsp;&nbsp; 162653 |
| Royal Bank of Canada, 6.35%, 11/24/2084  | 750000 | &nbsp;&nbsp; 740822 |
| Societe Generale SA, 144A, 5.512%, 5/22/2031  | 754000 | &nbsp;&nbsp; 775284 |
| Standard Chartered PLC, 144A, 5.005%, 10/15/2030  | 777000 | &nbsp;&nbsp; 791404 |
| Starwood Property Trust, Inc., 144A, (REIT), 5.25%, 10/15/2028  | 346000 | &nbsp;&nbsp; 347254 |
| State Street Corp., Series K, 6.45%, Perpetual  | 544000 | &nbsp;&nbsp; 565235 |
| Sumitomo Mitsui Financial Group, Inc., 6.45%, Perpetual  | 350000 | &nbsp;&nbsp; 359436 |
| Synchrony Financial, 5.45%, 3/6/2031  | 620000 | &nbsp;&nbsp; 630680 |
| The Goldman Sachs Group, Inc., 4.939%, 10/21/2036  | 288000 | &nbsp;&nbsp; 286593 |
| UBS Group AG, 144A, 4.375%, Perpetual  | 301000 | &nbsp;&nbsp; 272104 |
| Wells Fargo & Co., 5.605%, 4/23/2036  | 550000 | &nbsp;&nbsp; 577978 |
|  |  | &nbsp;&nbsp; **25539573** |
| **Health Care 1.6%** | **Health Care 1.6%** |  |
| 180 Medical, Inc., 144A, 5.3%, 10/8/2035  | 350000 | &nbsp;&nbsp; 346172 |
| AbbVie, Inc., 5.2%, 3/15/2035  | 424000 | &nbsp;&nbsp; 438850 |
| Cardinal Health, Inc., 5.15%, 9/15/2035  | 300000 | &nbsp;&nbsp; 302951 |
| CVS Health Corp.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.45%, 9/15/2035 | 299000 | &nbsp;&nbsp; 305308 |
| &nbsp;&nbsp;&nbsp; 6.2%, 9/15/2055 | 280000 | &nbsp;&nbsp; 287593 |
| Eli Lilly & Co.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 2/9/2054 | 320000 | &nbsp;&nbsp; 303734 |
| &nbsp;&nbsp;&nbsp; 5.2%, 8/14/2064 | 120000 | &nbsp;&nbsp; 114806 |
| HCA, Inc., 5.75%, 3/1/2035  | 475000 | &nbsp;&nbsp; 498350 |
| Stryker Corp., 5.2%, 2/10/2035  | 646000 | &nbsp;&nbsp; 665771 |

---

------

---

| | | |
|:---|:---|:---|
| UnitedHealth Group, Inc., 5.15%, 7/15/2034  | 368000 | &nbsp;&nbsp; 378216 |
| Zoetis, Inc., 5.0%, 8/17/2035  | 291000 | &nbsp;&nbsp; 293994 |
|  |  | &nbsp;&nbsp; **3935745** |
| **Industrials 2.9%** | **Industrials 2.9%** |  |
| Block Financial LLC, 5.375%, 9/15/2032  | 480000 | &nbsp;&nbsp; 487432 |
| BNSF Funding Trust I, 6.613%, 12/15/2055  | 1000000 | &nbsp;&nbsp; 1004680 |
| Boeing Co., 6.858%, 5/1/2054  | 330000 | &nbsp;&nbsp; 375608 |
| Carrier Global Corp., 5.9%, 3/15/2034  | 820000 | &nbsp;&nbsp; 882482 |
| Daimler Truck Finance North America LLC, 144A, 5.0%, 10/12/2032  | 941000 | &nbsp;&nbsp; 945356 |
| Norfolk Southern Corp., 5.95%, 3/15/2064  | 500000 | &nbsp;&nbsp; 529073 |
| Otis Worldwide Corp., 5.131%, 9/4/2035  | 447000 | &nbsp;&nbsp; 453776 |
| Paychex, Inc., 5.35%, 4/15/2032  | 470000 | &nbsp;&nbsp; 487417 |
| Siemens Funding BV, 144A, 5.2%, 5/28/2035  | 337000 | &nbsp;&nbsp; 349061 |
| Southwest Airlines Co., 4.375%, 11/15/2028 (b) | 1000000 | &nbsp;&nbsp; 997659 |
| United Parcel Service, Inc., 5.95%, 5/14/2055  | 545000 | &nbsp;&nbsp; 571065 |
|  |  | &nbsp;&nbsp; **7083609** |
| **Information Technology 2.7%** | **Information Technology 2.7%** |  |
| Apple, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 2.375%, 2/8/2041 | 13000 | &nbsp;&nbsp; 9343 |
| &nbsp;&nbsp;&nbsp; 2.7%, 8/5/2051 | 16000 | &nbsp;&nbsp; 10169 |
| AppLovin Corp., 5.95%, 12/1/2054  | 257000 | &nbsp;&nbsp; 257496 |
| Broadcom, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 3.137%, 11/15/2035 | 148000 | &nbsp;&nbsp; 128273 |
| &nbsp;&nbsp;&nbsp; 4.9%, 2/15/2038 | 833000 | &nbsp;&nbsp; 822899 |
| Dell International LLC, 5.1%, 2/15/2036  | 683000 | &nbsp;&nbsp; 675923 |
| Foundry JV Holdco LLC, 144A, 6.1%, 1/25/2036  | 363000 | &nbsp;&nbsp; 383459 |
| HP, Inc., 6.1%, 4/25/2035 (a) | 490000 | &nbsp;&nbsp; 520349 |
| Kyndryl Holdings, Inc., 3.15%, 10/15/2031  | 480000 | &nbsp;&nbsp; 437419 |
| Marvell Technology, Inc., 5.45%, 7/15/2035 (a) | 785000 | &nbsp;&nbsp; 804946 |
| Microsoft Corp., 2.921%, 3/17/2052  | 465000 | &nbsp;&nbsp; 313595 |
| Oracle Corp.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.375%, 9/27/2054 | 710000 | &nbsp;&nbsp; 624153 |
| &nbsp;&nbsp;&nbsp; 5.5%, 9/27/2064 | 220000 | &nbsp;&nbsp; 191824 |
| &nbsp;&nbsp;&nbsp; 5.95%, 9/26/2055 | 297000 | &nbsp;&nbsp; 281584 |
| TD SYNNEX Corp., 4.3%, 1/17/2029  | 1000000 | &nbsp;&nbsp; 997173 |
|  |  | &nbsp;&nbsp; **6458605** |
| **Materials 1.3%** | **Materials 1.3%** |  |
| BHP Billiton Finance USA Ltd., 5.3%, 2/21/2035  | 903000 | &nbsp;&nbsp; 936191 |
| Celanese U.S. Holdings LLC, 6.5%, 4/15/2030 (a) | 318000 | &nbsp;&nbsp; 315345 |
| Dow Chemical Co.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.65%, 3/15/2036 (a) | 520000 | &nbsp;&nbsp; 520503 |
| &nbsp;&nbsp;&nbsp; 5.95%, 3/15/2055 (a) | 285000 | &nbsp;&nbsp; 269757 |
| Olin Corp.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 2/1/2030 (a) | 500000 | &nbsp;&nbsp; 486252 |
| &nbsp;&nbsp;&nbsp; 144A, 6.625%, 4/1/2033 | 159000 | &nbsp;&nbsp; 157454 |
| Rio Tinto Finance USA PLC, 5.875%, 3/14/2065  | 326000 | &nbsp;&nbsp; 341188 |
|  |  | &nbsp;&nbsp; **3026690** |
| **Real Estate 0.2%** | **Real Estate 0.2%** |  |
| CBRE Services, Inc., 5.5%, 6/15/2035  | 279000 | &nbsp;&nbsp; 287854 |
| Prologis LP, (REIT), 4.75%, 1/15/2031  | 299000 | &nbsp;&nbsp; 305214 |
|  |  | &nbsp;&nbsp; **593068** |

---

------

---

| | | |
|:---|:---|:---|
| **Utilities 4.1%** | **Utilities 4.1%** |  |
| AEP Texas, Inc., 5.85%, 10/15/2055  | 250000 | &nbsp;&nbsp; 249873 |
| Dominion Energy, Inc., 6.625%, 5/15/2055  | 700000 | &nbsp;&nbsp; 729815 |
| Enel Finance International NV, 144A, 5.75%, 9/30/2055  | 490000 | &nbsp;&nbsp; 483772 |
| Entergy Arkansas LLC, 5.75%, 6/1/2054  | 470000 | &nbsp;&nbsp; 485268 |
| Entergy Louisiana LLC, 5.8%, 3/15/2055  | 350000 | &nbsp;&nbsp; 360391 |
| Eversource Energy, 5.5%, 1/1/2034  | 710000 | &nbsp;&nbsp; 735507 |
| Exelon Corp., 6.5%, 3/15/2055  | 400000 | &nbsp;&nbsp; 420430 |
| NextEra Energy Capital Holdings, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.45%, 3/15/2035 | 1025000 | &nbsp;&nbsp; 1061324 |
| &nbsp;&nbsp;&nbsp; 6.375%, 8/15/2055 | 500000 | &nbsp;&nbsp; 520405 |
| NRG Energy, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 4.734%, 10/15/2030 | 750000 | &nbsp;&nbsp; 748085 |
| &nbsp;&nbsp;&nbsp; 144A, 5.407%, 10/15/2035 | 313000 | &nbsp;&nbsp; 312313 |
| Pacific Gas and Electric Co.: |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 12/1/2047 | 350000 | &nbsp;&nbsp; 262976 |
| &nbsp;&nbsp;&nbsp; 5.9%, 10/1/2054 | 163000 | &nbsp;&nbsp; 158687 |
| PacifiCorp, 5.8%, 1/15/2055  | 260000 | &nbsp;&nbsp; 253929 |
| PG&E Corp., 7.375%, 3/15/2055  | 375000 | &nbsp;&nbsp; 385697 |
| Public Service Co. of Colorado, 5.15%, 9/15/2035  | 1000000 | &nbsp;&nbsp; 1015326 |
| Sempra, 4.125%, 4/1/2052  | 1000000 | &nbsp;&nbsp; 975310 |
| Sierra Pacific Power Co., 5.9%, 3/15/2054  | 240000 | &nbsp;&nbsp; 244521 |
| Southwestern Public Service Co., 6.0%, 6/1/2054  | 435000 | &nbsp;&nbsp; 453347 |
|  |  | &nbsp;&nbsp; **9856976** |
| **Total Corporate Bonds** (Cost $93,470,709) | **Total Corporate Bonds** (Cost $93,470,709) | &nbsp;&nbsp; **94969435** |
| **Mortgage-Backed Securities Pass-Throughs 22.4%** | **Mortgage-Backed Securities Pass-Throughs 22.4%** |  |
| Federal Home Loan Mortgage Corp.: |  |  |
| &nbsp;&nbsp;&nbsp; 3.0%, 4/1/2052  | 1596583 | &nbsp;&nbsp; 1424684 |
| &nbsp;&nbsp;&nbsp; 3.5%, with various maturities from 6/1/2028 until 9/1/2052  | 6266593 | &nbsp;&nbsp; 5864825 |
| &nbsp;&nbsp;&nbsp; 4.5%, 12/1/2040  | 22277 | &nbsp;&nbsp; 22354 |
| &nbsp;&nbsp;&nbsp; 5.5%, with various maturities from 6/1/2039 until 12/1/2054  | 4352517 | &nbsp;&nbsp; 4452531 |
| &nbsp;&nbsp;&nbsp; 6.0%, 1/1/2055  | 4255569 | &nbsp;&nbsp; 4392405 |
| Federal National Mortgage Association: |  |  |
| &nbsp;&nbsp;&nbsp; 2.5%, with various maturities from 10/1/2051 until 3/1/2052  | 3080295 | &nbsp;&nbsp; 2636433 |
| &nbsp;&nbsp;&nbsp; 3.0%, 5/1/2052  | 2011572 | &nbsp;&nbsp; 1802770 |
| &nbsp;&nbsp;&nbsp; 3.5%, with various maturities from 1/1/2046 until 12/1/2046  | 1230870 | &nbsp;&nbsp; 1163618 |
| &nbsp;&nbsp;&nbsp; 4.5%, 11/1/2043  | 129676 | &nbsp;&nbsp; 129383 |
| &nbsp;&nbsp;&nbsp; 5.5%, with various maturities from 2/1/2031 until 5/1/2055  | 7176178 | &nbsp;&nbsp; 7373453 |
| &nbsp;&nbsp;&nbsp; 6.0%, with various maturities from 7/1/2054 until 7/1/2055  | 24187228 | &nbsp;&nbsp; 24929422 |
| Government National Mortgage Association, 4.5%, 7/15/2040  | 26759 | &nbsp;&nbsp; 26820 |
| **Total Mortgage-Backed Securities Pass-Throughs** (Cost $53,573,178) | **Total Mortgage-Backed Securities Pass-Throughs** (Cost $53,573,178) | &nbsp;&nbsp; **54218698** |
| **Asset-Backed 12.4%** | **Asset-Backed 12.4%** |  |
| **Automobile Receivables 1.7%** | **Automobile Receivables 1.7%** |  |
| Ally Bank Auto Credit-Linked Notes: |  |  |
| &nbsp;&nbsp;&nbsp; "C", Series 2024-B, 144A, 5.215%, 9/15/2032  | 157792 | &nbsp;&nbsp; 158438 |
| &nbsp;&nbsp;&nbsp; "D", Series 2024-B, 144A, 5.41%, 9/15/2032  | 157792 | &nbsp;&nbsp; 158356 |
| &nbsp;&nbsp;&nbsp; "C", Series 2024-A, 144A, 6.022%, 5/17/2032  | 259024 | &nbsp;&nbsp; 262528 |
| Avis Budget Rental Car Funding AESOP LLC: |  |  |
| &nbsp;&nbsp;&nbsp; "B", Series 2024-2A, 144A, 5.57%, 10/20/2028  | 750000 | &nbsp;&nbsp; 762830 |
| &nbsp;&nbsp;&nbsp; "D", Series 2024-2A, 144A, 7.43%, 10/20/2028  | 400000 | &nbsp;&nbsp; 407838 |
| &nbsp;&nbsp;&nbsp; "D", Series 2023-8A, 144A, 7.52%, 2/20/2030  | 650000 | &nbsp;&nbsp; 666851 |
| &nbsp;&nbsp;&nbsp; Bayview Opportunity Master Fund VII LLC, "B", Series 2024-CAR1, 144A, 30 day <br> USD SOFR Average + 1.3%, 5.483% (c), 12/26/2031 <br>| 109661 | &nbsp;&nbsp; 110050 |
| Enterprise Fleet Financing LLC, "A4", Series 2025-2, 144A, 4.58%, 12/22/2031  | 361000 | &nbsp;&nbsp; 365366 |

---

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Foursight Capital Automobile Receivables Trust, "C", Series 2023-2, 144A, 6.21%, <br> 4/16/2029 <br>| 750000 | &nbsp;&nbsp; 764647 |
| Huntington Bank Auto Credit-Linked Notes: |  |  |
| &nbsp;&nbsp;&nbsp; "B1", Series 2024-2, 144A, 5.442%, 10/20/2032  | 305172 | &nbsp;&nbsp; 308259 |
| &nbsp;&nbsp;&nbsp; "B1", Series 2024-1, 144A, 6.153%, 5/20/2032  | 156963 | &nbsp;&nbsp; 159350 |
|  |  | &nbsp;&nbsp; **4124513** |
| **Home Equity Loans 0.2%** | **Home Equity Loans 0.2%** |  |
| CIT Home Equity Loan Trust, "AF6", Series 2002-1, 6.2%, 2/25/2030  | 178 | &nbsp;&nbsp; 178 |
| Towd Point Mortgage Trust, "A1", Series 2025-CRM1, 144A, 5.799%, 1/25/2065  | 425253 | &nbsp;&nbsp; 429445 |
|  |  | &nbsp;&nbsp; **429623** |
| **Miscellaneous 10.5%** | **Miscellaneous 10.5%** |  |
| &nbsp;&nbsp;&nbsp; Apidos CLO XL Ltd., "AR", Series 2022-40A, 144A, 3 mo. USD Term SOFR + 1.35%, <br> 5.255% (c), 7/15/2037 <br>| 500000 | &nbsp;&nbsp; 501449 |
| &nbsp;&nbsp;&nbsp; Apidos CLO XLVII Ltd., "C", Series 2024-47A, 144A, 3 mo. USD Term SOFR + <br> 2.35%, 6.208% (c), 4/26/2037 <br>| 625000 | &nbsp;&nbsp; 627148 |
| &nbsp;&nbsp;&nbsp; Apidos CLO XVIII-R, "A2R2", Series 2018-18A, 144A, 3 mo. USD Term SOFR + <br> 1.58%, 5.437% (c), 1/22/2038 <br>| 500000 | &nbsp;&nbsp; 500636 |
| &nbsp;&nbsp;&nbsp; Apidos CLO XXXIX Ltd., "D1R", Series 2022-39A, 144A, 3 mo. USD Term SOFR + <br> 2.6%, 6.77% (c), 10/21/2038 <br>| 1000000 | &nbsp;&nbsp; 999230 |
| ARES LIX CLO Ltd., "C2", Series 2021-59A, 144A, 3.35%, 4/25/2034  | 500000 | &nbsp;&nbsp; 458570 |
| &nbsp;&nbsp;&nbsp; Bryant Park Funding Ltd., "AR", Series 2023-21A, 144A, 3 mo. USD Term SOFR + <br> 1.27%, 5.181% (c), 10/18/2038 <br>| 1500000 | &nbsp;&nbsp; 1500511 |
| &nbsp;&nbsp;&nbsp; CIFC Funding Ltd., "BR", Series 2022-7A, 144A, 3 mo. USD Term SOFR + 1.7%, <br> 5.557% (c), 1/22/2038 <br>| 442000 | &nbsp;&nbsp; 444336 |
| Cloud Capital Holdco LP, "A2", Series 2024-1A, 144A, 5.781%, 11/22/2049  | 450000 | &nbsp;&nbsp; 455532 |
| CyrusOne Data Centers Issuer I LLC, "A2", Series 2024-2A, 144A, 4.5%, 5/20/2049  | 1000000 | &nbsp;&nbsp; 984220 |
| DB Master Finance LLC, "A2II", Series 2025-1A, 144A, 5.165%, 8/20/2055 (b) | 1000000 | &nbsp;&nbsp; 1006485 |
| Domino's Pizza Master Issuer LLC, "A2II", Series 2025-1A, 144A, 5.217%, 7/25/2055  | 818000 | &nbsp;&nbsp; 827229 |
| &nbsp;&nbsp;&nbsp; Dryden 64 CLO Ltd., "C", Series 2018-64A, 144A, 3 mo. USD Term SOFR + 2.012%, <br> 5.896% (c), 4/18/2031 <br>| 1200000 | &nbsp;&nbsp; 1200920 |
| &nbsp;&nbsp;&nbsp; Galaxy 34 CLO Ltd., "A", Series 2024-34A, 144A, 3 mo. USD Term SOFR + 1.37%, <br> 5.254% (c), 10/20/2037 <br>| 500000 | &nbsp;&nbsp; 501187 |
| &nbsp;&nbsp;&nbsp; Garnet CLO 3 Ltd., "B", Series 2025-3A, 144A, 3 mo. USD Term SOFR + 1.6%, 5.52% <br> (c), 10/20/2038 (b)<br>| 1000000 | &nbsp;&nbsp; 1000998 |
| Hilton Grand Vacations Trust, "B", Series 2024-2A, 144A, 5.65%, 3/25/2038  | 584634 | &nbsp;&nbsp; 594332 |
| HINNT LLC, "B", Series 2024-A, 144A, 5.84%, 3/15/2043  | 497509 | &nbsp;&nbsp; 505516 |
| Jersey Mike's Funding LLC: |  |  |
| &nbsp;&nbsp;&nbsp; "A2", Series 2025-1A, 144A, 5.61%, 8/16/2055  | 1800000 | &nbsp;&nbsp; 1831893 |
| &nbsp;&nbsp;&nbsp; "A2", Series 2024-1A, 144A, 5.636%, 2/15/2055  | 328350 | &nbsp;&nbsp; 333355 |
| &nbsp;&nbsp;&nbsp; Lewey Park CLO Ltd., "A2", Series 2024-1A, 144A, 3 mo. USD Term SOFR + 1.56%, <br> 5.43% (c), 10/21/2037 <br>| 500000 | &nbsp;&nbsp; 500889 |
| Mosaic Solar Loan Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "B", Series 2023-1A, 144A, 6.92%, 6/20/2053  | 223707 | &nbsp;&nbsp; 176730 |
| &nbsp;&nbsp;&nbsp; "C", Series 2023-1A, 144A, 8.48%, 6/20/2053  | 520000 | &nbsp;&nbsp; 279513 |
| &nbsp;&nbsp;&nbsp; "C", Series 2022-3A, 144A, 8.56%, 6/20/2053  | 1703000 | &nbsp;&nbsp; 438428 |
| &nbsp;&nbsp;&nbsp; NRZ Excess Spread-Collateralized Notes, "A", Series 2021-GNT1, 144A, 3.474%, <br> 11/25/2026 <br>| 326136 | &nbsp;&nbsp; 319318 |
| &nbsp;&nbsp;&nbsp; OCP CLO Ltd., "B1", Series 2024-36A, 144A, 3 mo. USD Term SOFR + 1.7%, 5.594% <br> (c), 10/16/2037 <br>| 500000 | &nbsp;&nbsp; 501294 |
| &nbsp;&nbsp;&nbsp; OZLM XXIV Ltd., "A1AR", Series 2019-24A, 144A, 3 mo. USD Term SOFR + <br> 1.422%, 5.306% (c), 7/20/2032 <br>| 130730 | &nbsp;&nbsp; 130671 |
| &nbsp;&nbsp;&nbsp; Palmer Square CLO Ltd., "C", Series 2023-3A, 144A, 3 mo. USD Term SOFR + 2.9%, <br> 6.784% (c), 1/20/2037 <br>| 250000 | &nbsp;&nbsp; 251169 |
| &nbsp;&nbsp;&nbsp; Race Point X CLO Ltd., "C2R", Series 2016-10A, 144A, 3 mo. USD Term SOFR + <br> 2.262%, 6.12% (c), 7/25/2031 <br>| 759634 | &nbsp;&nbsp; 760730 |
| &nbsp;&nbsp;&nbsp; RR 35 Ltd., "A2", Series 2024-35A, 144A, 3 mo. USD Term SOFR + 1.7%, 5.605% (c), <br> 1/15/2040 <br>| 600000 | &nbsp;&nbsp; 602528 |

---

------

---

| | | |
|:---|:---|:---|
| SERVPRO Master Issuer LLC, "A2", Series 2025-1A, 144A, 5.525%, 10/25/2055 (b) | 3000000 | &nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp; Sixth Street CLO XIV Ltd., "A2R2", Series 2019-14A, 144A, 3 mo. USD Term SOFR + <br> 1.4%, 5.27% (c), 1/20/2038 <br>| 1000000 | &nbsp;&nbsp; 996951 |
| Switch ABS Issuer LLC, "A2", Series 2024-2A, 144A, 5.436%, 6/25/2054  | 500000 | &nbsp;&nbsp; 501823 |
| Taco Bell Funding LLC, "A2II", Series 2025-1A, 144A, 5.049%, 8/25/2055  | 1875000 | &nbsp;&nbsp; 1870827 |
| &nbsp;&nbsp;&nbsp; TICP CLO XI Ltd., "AR", Series 2018-11A, 144A, 3 mo. USD Term SOFR + 1.53%, <br> 5.388% (c), 4/25/2037 <br>| 500000 | &nbsp;&nbsp; 501159 |
| &nbsp;&nbsp;&nbsp; Venture XXVII CLO Ltd., "AR", Series 2017-27A, 144A, 3 mo. USD Term SOFR + <br> 1.312%, 5.196% (c), 7/20/2030 <br>| 10968 | &nbsp;&nbsp; 10973 |
| Wingstop Funding LLC, "A2", Series 2024-1A, 144A, 5.858%, 12/5/2054  | 300000 | &nbsp;&nbsp; 308922 |
|  |  | &nbsp;&nbsp; **25425472** |
| **Total Asset-Backed** (Cost $31,171,411) | **Total Asset-Backed** (Cost $31,171,411) | &nbsp;&nbsp; **29979608** |
| **Commercial Mortgage-Backed Securities 10.9%** | **Commercial Mortgage-Backed Securities 10.9%** |  |
| 20 Times Square Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "B", Series 2018-20TS, 144A, 3.1% (c), 5/15/2035  | 500000 | &nbsp;&nbsp; 471250 |
| &nbsp;&nbsp;&nbsp; "C", Series 2018-20TS, 144A, 3.1% (c), 5/15/2035  | 500000 | &nbsp;&nbsp; 468750 |
| BAHA Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "A", Series 2024-MAR, 144A, 5.972% (c), 12/10/2041  | 836000 | &nbsp;&nbsp; 864699 |
| &nbsp;&nbsp;&nbsp; "B", Series 2024-MAR, 144A, 6.841% (c), 12/10/2041  | 650000 | &nbsp;&nbsp; 677475 |
| Benchmark Mortgage Trust, "A4", Series 2020-IG3, 144A, 2.437%, 9/15/2048  | 500000 | &nbsp;&nbsp; 436113 |
| &nbsp;&nbsp;&nbsp; BPR Trust, "B", Series 2021-TY, 144A, 1 mo. USD Term SOFR + 1.264%, 5.297% (c), <br> 9/15/2038 <br>| 300000 | &nbsp;&nbsp; 299250 |
| BX Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "A", Series 2019-OC11, 144A, 3.202%, 12/9/2041  | 1000000 | &nbsp;&nbsp; 946469 |
| &nbsp;&nbsp;&nbsp; "D", Series 2019-OC11, 144A, 3.944% (c), 12/9/2041  | 750000 | &nbsp;&nbsp; 710195 |
| CENT Trust, "A", Series 2025-CITY, 144A, 4.92% (c), 7/10/2040  | 1000000 | &nbsp;&nbsp; 1012746 |
| CSAIL Commercial Mortgage Trust, "AS", Series 2016-C6, 3.346%, 1/15/2049  | 500000 | &nbsp;&nbsp; 491917 |
| &nbsp;&nbsp;&nbsp; Extended Stay America Trust, "B", Series 2025-ESH, 144A, 1 mo. USD Term SOFR + <br> 1.6%, 5.75% (c), 10/15/2042 <br>| 2000000 | &nbsp;&nbsp; 2006250 |
| FREMF Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "B", Series 2018-K75, 144A, 3.975% (c), 4/25/2051  | 1000000 | &nbsp;&nbsp; 986558 |
| &nbsp;&nbsp;&nbsp; "B", Series 2018-K77, 144A, 4.16% (c), 5/25/2051  | 1832000 | &nbsp;&nbsp; 1815093 |
| &nbsp;&nbsp;&nbsp; Hawaii Hotel Trust, "B", Series 2025-MAUI, 144A, 1 mo. USD Term SOFR + 1.742%, <br> 5.775% (c), 3/15/2042 <br>| 250000 | &nbsp;&nbsp; 250156 |
| Hudson Yards Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "A", Series 2025-SPRL, 144A, 5.467% (c), 1/13/2040  | 190000 | &nbsp;&nbsp; 196705 |
| &nbsp;&nbsp;&nbsp; "B", Series 2025-SPRL, 144A, 5.758%, 1/13/2040  | 225000 | &nbsp;&nbsp; 232620 |
| &nbsp;&nbsp;&nbsp; "C", Series 2025-SPRL, 144A, 5.952% (c), 1/13/2040  | 1135000 | &nbsp;&nbsp; 1173230 |
| ILPT Commercial Mortgage Trust, "D", Series 2025-LPF2, 144A, 6.508%, 7/13/2042  | 1000000 | &nbsp;&nbsp; 1017038 |
| IRV Trust, "C", Series 2025-200P, 144A, 5.73% (c), 3/14/2047  | 476000 | &nbsp;&nbsp; 481298 |
| JPMorgan Chase Commercial Mortgage Securities Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "A", Series 2021-1MEM, 144A, 2.516%, 10/9/2042  | 1750000 | &nbsp;&nbsp; 1470613 |
| &nbsp;&nbsp;&nbsp; "A", Series 2016-NINE, 144A, 2.854% (c), 9/6/2038  | 500000 | &nbsp;&nbsp; 491951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "A", Series 2018-PHH, 144A, 1 mo. USD Term SOFR + 1.257%, 5.289% (c), <br> 6/15/2035 <br>| 1938171 | &nbsp;&nbsp; 1629117 |
| &nbsp;&nbsp;&nbsp; KIND Trust, "A", Series 2021-KIND, 144A, 1 mo. USD Term SOFR + 1.064%, 5.1% <br> (c), 8/15/2038 <br>| 495860 | &nbsp;&nbsp; 493048 |
| MRCD Mortgage Trust, "B", Series 2019-PARK, 144A, 2.718%, 12/15/2036  | 155000 | &nbsp;&nbsp; 129038 |
| &nbsp;&nbsp;&nbsp; Natixis Commercial Mortgage Securities Trust, "A", Series 2018-OSS, 144A, 4.177%, <br> 12/15/2037 <br>| 750000 | &nbsp;&nbsp; 709683 |
| ROCK Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "A", Series 2024-CNTR, 144A, 5.388%, 11/13/2041  | 1643000 | &nbsp;&nbsp; 1686238 |
| &nbsp;&nbsp;&nbsp; "B", Series 2024-CNTR, 144A, 5.93%, 11/13/2041  | 1000000 | &nbsp;&nbsp; 1034649 |
| &nbsp;&nbsp;&nbsp; "C", Series 2024-CNTR, 144A, 6.471%, 11/13/2041  | 450000 | &nbsp;&nbsp; 467813 |
| &nbsp;&nbsp;&nbsp; "E", Series 2024-CNTR, 144A, 8.819%, 11/13/2041  | 300000 | &nbsp;&nbsp; 316587 |
| SLG Office Trust, "A", Series 2021-OVA, 144A, 2.585%, 7/15/2041  | 1000000 | &nbsp;&nbsp; 892093 |

---

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; SWCH Commercial Mortgage Trust, "A", Series 2025-DATA, 144A, 1 mo. USD Term <br> SOFR + 1.443%, 5.475% (c), 2/15/2042 <br>| 500000 | &nbsp;&nbsp; 496875 |
| SYCA Commercial Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "A", Series 2025-WAG, 144A, 5.258%, 11/10/2030  | 1000000 | &nbsp;&nbsp; 996083 |
| &nbsp;&nbsp;&nbsp; "B", Series 2025-WAG, 144A, 5.694%, 11/10/2030  | 1000000 | &nbsp;&nbsp; 996131 |
| UBS Commercial Mortgage Trust, "A3", Series 2017-C4, 3.301%, 10/15/2050  | 91103 | &nbsp;&nbsp; 89705 |
| **Total Commercial Mortgage-Backed Securities** (Cost $26,227,477) | **Total Commercial Mortgage-Backed Securities** (Cost $26,227,477) | &nbsp;&nbsp; **26437436** |
| **Collateralized Mortgage Obligations 7.5%** | **Collateralized Mortgage Obligations 7.5%** |  |
| Alternative Loan Trust, "1A4", Series 2006-43CB, 6.0% , 2/25/2037 | 96701 | &nbsp;&nbsp; 48283 |
| Arroyo Mortgage Trust, "A1", Series 2021-1R, 144A, 1.175% , 10/25/2048 | 1377669 | &nbsp;&nbsp; 1243342 |
| Banc of America Mortgage Trust, "2A2", Series 2004-A, 5.744% (c), 2/25/2034 | 29487 | &nbsp;&nbsp; 29086 |
| &nbsp;&nbsp;&nbsp; Bear Stearns Adjustable Rate Mortgage Trust, "2A1", Series 2005-11, 7.135% (c), <br> 12/25/2035<br>| 42496 | &nbsp;&nbsp; 43688 |
| CHL Mortgage Pass Through Trust, "2A5", Series 2004-13, 5.75% , 8/25/2034 | 99632 | &nbsp;&nbsp; 98416 |
| &nbsp;&nbsp;&nbsp; CSFB Mortgage-Backed Pass-Through Certificates, "10A3", Series 2005-10, 6.0% , <br> 11/25/2035<br>| 191345 | &nbsp;&nbsp; 41125 |
| Federal Home Loan Mortgage Corp.: |  |  |
| &nbsp;&nbsp;&nbsp; "DI", Series 5011, Interest Only, 2.0%, 7/25/2050 | 4669587 | &nbsp;&nbsp; 634849 |
| &nbsp;&nbsp;&nbsp; "MI", Series 5034, Interest Only, 2.0%, 11/25/2050 | 3026862 | &nbsp;&nbsp; 405669 |
| &nbsp;&nbsp;&nbsp; "MI", Series 5135, Interest Only, 2.5%, 8/25/2051 | 7944965 | &nbsp;&nbsp; 895322 |
| &nbsp;&nbsp;&nbsp; "P", Series 4916, 3.0%, 9/25/2049 | 1363032 | &nbsp;&nbsp; 1255797 |
| &nbsp;&nbsp;&nbsp; "JI", Series 5236, Interest Only, 4.0%, 2/25/2052 | 4338583 | &nbsp;&nbsp; 490856 |
| &nbsp;&nbsp;&nbsp; "6", Series 233, Interest Only, 4.5%, 8/15/2035 | 50076 | &nbsp;&nbsp; 6260 |
| Federal National Mortgage Association: |  |  |
| &nbsp;&nbsp;&nbsp; "AO", Series 2023-53, Principal Only, Zero Coupon, 11/25/2053 | 1079283 | &nbsp;&nbsp; 947989 |
| &nbsp;&nbsp;&nbsp; "C2", Series 432, Interest Only, 2.0%, 7/25/2037 | 4805711 | &nbsp;&nbsp; 318298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "MS", Series 2025-35, 82.915% minus (16.75 x 30 day USD SOFR Average), 10.05% <br> (c), 5/25/2055<br>| 192455 | &nbsp;&nbsp; 205011 |
| Government National Mortgage Association: |  |  |
| &nbsp;&nbsp;&nbsp; "GA", Series 2021-122, 1.0%, 11/20/2047 | 1022303 | &nbsp;&nbsp; 830705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "SA", Series 2014-10, Interest Only, 5.936% minus 1 mo. USD Term SOFR, 1.904% <br> (c), 1/16/2044<br>| 1220070 | &nbsp;&nbsp; 125327 |
| &nbsp;&nbsp;&nbsp; "IO", Series 2021-19, Interest Only, 2.0%, 1/20/2051 | 11623547 | &nbsp;&nbsp; 1388732 |
| &nbsp;&nbsp;&nbsp; "ID", Series 2023-151, Interest Only, 2.0%, 8/20/2051 | 7594771 | &nbsp;&nbsp; 942209 |
| &nbsp;&nbsp;&nbsp; "QI", Series 2021-225, Interest Only, 2.5%, 12/20/2051 | 8062972 | &nbsp;&nbsp; 1079368 |
| &nbsp;&nbsp;&nbsp; "DI", Series 2014-102, Interest Only, 3.5%, 7/16/2029 | 69011 | &nbsp;&nbsp; 714 |
| &nbsp;&nbsp;&nbsp; "HI", Series 2015-77, Interest Only, 4.0%, 5/20/2045 | 671872 | &nbsp;&nbsp; 136642 |
| &nbsp;&nbsp;&nbsp; "WI", Series 2020-191, Interest Only, 4.5%, 12/20/2050 | 2893710 | &nbsp;&nbsp; 524367 |
| &nbsp;&nbsp;&nbsp; "ZT", Series 2025-2, 4.5%, 5/20/2064 | 1034261 | &nbsp;&nbsp; 992159 |
| &nbsp;&nbsp;&nbsp; "AZ", Series 2023-120, 5.5%, 8/20/2053 | 2252502 | &nbsp;&nbsp; 2260797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "SL", Series 2025-98, 21.083% minus (3.667 x 30 day USD SOFR Average), 5.743% <br> (c), 6/20/2055<br>| 242402 | &nbsp;&nbsp; 248731 |
| JPMorgan Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "2A1", Series 2006-A2, 5.231% (c), 4/25/2036 | 171448 | &nbsp;&nbsp; 148889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "A11", Series 2024-6, 144A, 30 day USD SOFR Average + 1.25%, 5.433% (c), <br> 12/25/2054<br>| 639642 | &nbsp;&nbsp; 638238 |
| Merrill Lynch Mortgage Investors Trust, "2A", Series 2003-A6, 6.732% (c), 10/25/2033 | 56375 | &nbsp;&nbsp; 55532 |
| RCKT Mortgage Trust, "A2", Series 2024-INV2, 144A, 5.5% , 9/25/2054 | 969501 | &nbsp;&nbsp; 974690 |
| &nbsp;&nbsp;&nbsp; Western Alliance Bank, "M1", Series 2021-CL2, 144A, 30 day USD SOFR Average + <br> 3.15%, 7.333% (c), 7/25/2059<br>| 1056704 | &nbsp;&nbsp; 1109352 |
| **Total Collateralized Mortgage Obligations** (Cost $18,262,631) | **Total Collateralized Mortgage Obligations** (Cost $18,262,631) | &nbsp;&nbsp; **18120443** |
| **Government & Agency Obligations 7.8%** | **Government & Agency Obligations 7.8%** |  |
| **Sovereign Bonds 1.6%** | **Sovereign Bonds 1.6%** |  |
| African Development Bank, 5.875%, Perpetual  | 900000 | &nbsp;&nbsp; 898531 |
| Brazil Government International Bond, 5.5%, 11/6/2030  | 635000 | &nbsp;&nbsp; 648113 |
| Eagle Funding Luxco SARL, 144A, 5.5%, 8/17/2030  | 621000 | &nbsp;&nbsp; 630874 |

---

------

---

| | | |
|:---|:---|:---|
| Indonesia Government International Bond, 5.65%, 1/11/2053  | 230000 | &nbsp;&nbsp; 237213 |
| Mexico Government International Bond: |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 3/22/2031 | 538000 | &nbsp;&nbsp; 533911 |
| &nbsp;&nbsp;&nbsp; 5.375%, 3/22/2033 | 384000 | &nbsp;&nbsp; 383693 |
| &nbsp;&nbsp;&nbsp; 6.0%, 5/7/2036 | 440000 | &nbsp;&nbsp; 450252 |
|  |  | &nbsp;&nbsp; **3782587** |
| **U.S. Government Sponsored Agencies 0.7%** | **U.S. Government Sponsored Agencies 0.7%** |  |
| Federal Home Loan Mortgage Corp., 6.75%, 3/15/2031  | 1500000 | &nbsp;&nbsp; **1716330** |
| **U.S. Treasury Obligations 5.5%** | **U.S. Treasury Obligations 5.5%** |  |
| U.S. Treasury Bills: |  |  |
| &nbsp;&nbsp;&nbsp; 3.521% (d), 8/6/2026 (e) | 1380000 | &nbsp;&nbsp; 1341827 |
| &nbsp;&nbsp;&nbsp; 3.529% (d), 8/6/2026 (e) | 50000 | &nbsp;&nbsp; 48617 |
| U.S. Treasury Bonds: |  |  |
| &nbsp;&nbsp;&nbsp; 4.625%, 2/15/2055 | 2454200 | &nbsp;&nbsp; 2436177 |
| &nbsp;&nbsp;&nbsp; 4.75%, 2/15/2045 | 3294000 | &nbsp;&nbsp; 3339807 |
| U.S. Treasury Notes: |  |  |
| &nbsp;&nbsp;&nbsp; 3.875%, 7/31/2030 | 2157700 | &nbsp;&nbsp; 2173798 |
| &nbsp;&nbsp;&nbsp; 4.25%, 8/15/2035 | 3849100 | &nbsp;&nbsp; 3897214 |
|  |  | &nbsp;&nbsp; **13237440** |
| **Total Government & Agency Obligations** (Cost 18,605,965) | **Total Government & Agency Obligations** (Cost 18,605,965) | &nbsp;&nbsp; **18736357** |

---

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value ($)** |
| **Warrants 0.0%** | **Warrants 0.0%** |  |
| **Materials**  | **Materials**  |  |
| Hercules Trust II, Expiration Date 3/31/2029\* (f) (Cost $70,220) | 315 | &nbsp;&nbsp; **750** |
| **Securities Lending Collateral 0.8%** | **Securities Lending Collateral 0.8%** |  |
| &nbsp;&nbsp;&nbsp; DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional <br> Shares", 4.05% (g) (h) (Cost $2,012,188)<br>| 2012188 | &nbsp;&nbsp; **2012188** |
| **Cash Equivalents 2.8%** | **Cash Equivalents 2.8%** |  |
| DWS Central Cash Management Government Fund, 4.16% (g) (Cost $6,813,992) | 6813992 | &nbsp;&nbsp; **6813992** |

---

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

---

| | | |
|:---|:---|:---|
|  | **% of Net**<br> **Assets**<br>| **Value ($)** |
| **Total Investment Portfolio** (Cost $250,207,771) | 103.9 | &nbsp;&nbsp; **251288907** |
| **Other Assets and Liabilities, Net**  | (3.9)<br>| &nbsp;&nbsp; **(9501722)**<br>|
| **Net Assets** | 100.0 | &nbsp;&nbsp; **241787185** |

---

*For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.*

------

*A summary of the Fund's transactions with affiliated investments during the period ended October 31, 2025 are as follows:* 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Value ($) at** <br>**1/31/2025**<br>| &nbsp;&nbsp; **Purchases** <br>**Cost ($)**<br>| &nbsp;&nbsp; **Sales** <br>**Proceeds ($)**<br>| &nbsp;&nbsp; **Net Realized** <br>**Gain/** <br>**(Loss) ($)**<br>| &nbsp;&nbsp; **Net Change in** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation) ($)**<br>| **Income ($)** | &nbsp;&nbsp; **Capital Gain** <br>**Distributions ($)**<br>| &nbsp;&nbsp; **Number** <br>**of Shares** <br>**at** <br>**10/31/2025**<br>| &nbsp;&nbsp; **Value ($) at** <br>**10/31/2025**<br>|
| **Securities Lending Collateral 0.8%** | **Securities Lending Collateral 0.8%** | **Securities Lending Collateral 0.8%** | **Securities Lending Collateral 0.8%** | **Securities Lending Collateral 0.8%** | **Securities Lending Collateral 0.8%** | **Securities Lending Collateral 0.8%** | **Securities Lending Collateral 0.8%** | **Securities Lending Collateral 0.8%** |
| DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.05% (g) (h) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.05% (g) (h) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.05% (g) (h) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.05% (g) (h) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.05% (g) (h) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.05% (g) (h) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.05% (g) (h) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.05% (g) (h) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.05% (g) (h) |
| 1626895  | 385,293 (i) | —  | —  | —  | 3393  | —  | 2012188  | 2012188  |
| **Cash Equivalents 2.8%** | **Cash Equivalents 2.8%** | **Cash Equivalents 2.8%** | **Cash Equivalents 2.8%** | **Cash Equivalents 2.8%** | **Cash Equivalents 2.8%** | **Cash Equivalents 2.8%** | **Cash Equivalents 2.8%** | **Cash Equivalents 2.8%** |
| DWS Central Cash Management Government Fund, 4.16% (g) | DWS Central Cash Management Government Fund, 4.16% (g) | DWS Central Cash Management Government Fund, 4.16% (g) | DWS Central Cash Management Government Fund, 4.16% (g) | DWS Central Cash Management Government Fund, 4.16% (g) | DWS Central Cash Management Government Fund, 4.16% (g) | DWS Central Cash Management Government Fund, 4.16% (g) | DWS Central Cash Management Government Fund, 4.16% (g) | DWS Central Cash Management Government Fund, 4.16% (g) |
| 6420767  | 154732442  | 154339217  | —  | —  | 288084  | —  | 6813992  | 6813992  |
| **8047662** | **155117735** | **154339217** | **—** | **—** | **291477** | **—** | **8826180** | **8826180** |

---

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

*\** *Non-income producing security.* 

*(a)* *All or a portion of these securities were on loan. In addition, "Other Assets and Liabilities, Net" may include pending sales that* *are also on loan. The value of securities loaned at October 31, 2025 amounted to $1,943,120, which is 0.8% of net assets.* 

*(b)* *When-issued or delayed delivery securities included.*

*(c)* *Variable or floating rate security. These securities are shown at their current rate as of October 31, 2025. For securities based on* *a published reference rate and spread, the reference rate and spread are indicated within the description above. Certain variable* *rate securities are not based on a published reference rate and spread but adjust periodically based on current market conditions,* *prepayment of underlying positions and/or other variables. Securities with a floor or ceiling feature are disclosed at the inherent* *rate, where applicable.* 

*(d)* *Annualized yield at time of purchase; not a coupon rate.*

*(e)* *At October 31, 2025, this security has been pledged, in whole or in part, to cover initial margin requirements for open futures* *contracts.* 

*(f)* *Investment was valued using significant unobservable inputs.*

*(g)* *Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at* *period end.* 

*(h)* *Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates.*

*(i)* *Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the period* *ended October 31, 2025.* 

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

---

| |
|:---|
| *144A: Security exempt from registration under Rule 144A under the Securities Act of 1933. These securities may be resold in* <br> *transactions exempt from registration, normally to qualified institutional buyers.*<br>|
| *CLO: Collateralized Loan Obligation* |
| *Interest Only: Interest Only (IO) bonds represent the "interest only" portion of payments on a pool of underlying mortgages or* <br> *mortgage-backed securities. IO securities are subject to prepayment risk of the pool of underlying mortgages.*<br>|
| *Perpetual: Callable security with no stated maturity date.*  |
| *Principal Only: Principal Only (PO) bonds represent the "principal only" portion of payments on a pool of underlying mortgages or* <br> *mortgage-backed securities.*<br>|
| *REIT: Real Estate Investment Trust* |
| *SOFR: Secured Overnight Financing Rate* |

---

*Included in the portfolio are investments in mortgage or asset-backed securities which are interests in separate pools of mortgages or assets. Effective maturities of these investments may be shorter than stated maturities due to prepayments. Some separate investments in the Federal Home Loan Mortgage Corp. and Federal National Mortgage Association issues which have similar coupon rates have been aggregated for presentation purposes in this investment portfolio.*

------

*At October 31, 2025, open futures contracts purchased were as follows:* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Futures** | **Currency** | &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Contracts** | &nbsp;&nbsp;&nbsp; **Notional** <br>**Amount ($)**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**Value ($)**<br>| &nbsp;&nbsp;&nbsp; **Unrealized** <br>**Appreciation/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation) ($)**<br>|
| 10 Year <br> U.S. Treasury <br> Note <br>| USD | 12/19/2025  | &nbsp;&nbsp;&nbsp;&nbsp; 186<br>| &nbsp;&nbsp;&nbsp;&nbsp; 20849269 | &nbsp;&nbsp;&nbsp;&nbsp; 20956969<br>| &nbsp;&nbsp;&nbsp;&nbsp; 107700 |
| 2 Year <br> U.S. Treasury <br> Note <br>| USD | 12/31/2025  | &nbsp;&nbsp;&nbsp;&nbsp; 152<br>| &nbsp;&nbsp;&nbsp;&nbsp; 31672188 | &nbsp;&nbsp;&nbsp;&nbsp; 31652813<br>| &nbsp;&nbsp;&nbsp;&nbsp; (19375)<br>|
| 5 Year <br> U.S. Treasury <br> Note <br>| USD | 12/31/2025  | &nbsp;&nbsp;&nbsp;&nbsp; 166<br>| &nbsp;&nbsp;&nbsp;&nbsp; 18143387 | &nbsp;&nbsp;&nbsp;&nbsp; 18129016<br>| &nbsp;&nbsp;&nbsp;&nbsp; (14371)<br>|
| U.S. Treasury <br> Long Bond <br>| USD | 12/19/2025  | &nbsp;&nbsp;&nbsp;&nbsp; 18<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2057126 | &nbsp;&nbsp;&nbsp;&nbsp; 2111625<br>| &nbsp;&nbsp;&nbsp;&nbsp; 54499 |
| Ultra Long <br> U.S. Treasury <br> Bond <br>| USD | 12/19/2025  | &nbsp;&nbsp;&nbsp;&nbsp; 138<br>| &nbsp;&nbsp;&nbsp;&nbsp; 16140835 | &nbsp;&nbsp;&nbsp;&nbsp; 16736812<br>| &nbsp;&nbsp;&nbsp;&nbsp; 595977 |
| **Total net unrealized appreciation** | **Total net unrealized appreciation** | **Total net unrealized appreciation** | **Total net unrealized appreciation** | **Total net unrealized appreciation** | **Total net unrealized appreciation** | &nbsp;&nbsp;&nbsp;&nbsp; **724430** |

---

*At October 31, 2025, open futures contracts sold were as follows:* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Futures** | **Currency** | &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Contracts** | &nbsp;&nbsp;&nbsp; **Notional** <br>**Amount ($)**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**Value ($)**<br>| &nbsp;&nbsp;&nbsp; **Unrealized** <br>**Depreciation ($)**<br>|
| Ultra 10 Year <br> U.S. Treasury <br> Note <br>| USD | 12/19/2025  | &nbsp;&nbsp;&nbsp;&nbsp; 112<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12779212 | &nbsp;&nbsp;&nbsp;&nbsp; 12934250<br>| &nbsp;&nbsp;&nbsp;&nbsp; **(155038)**<br>|

---

***Currency Abbreviation(s)***

------

*USD* *United States Dollar*

------

***Fair Value Measurements***

*Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.*

*The following is a summary of the inputs used as of October 31, 2025 in valuing the Fund's investments.* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Corporate Bonds (a) | $— | &nbsp;&nbsp; $94969435 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $94969435 |
| Mortgage-Backed Securities Pass-Throughs  |  | &nbsp;&nbsp; 54218698 | &nbsp;&nbsp; — | &nbsp;&nbsp; 54218698 |
| Asset-Backed (a) |  | &nbsp;&nbsp; 29979608 | &nbsp;&nbsp; — | &nbsp;&nbsp; 29979608 |
| Commercial Mortgage-Backed Securities  |  | &nbsp;&nbsp; 26437436 | &nbsp;&nbsp; — | &nbsp;&nbsp; 26437436 |
| Collateralized Mortgage Obligations  |  | &nbsp;&nbsp; 18120443 | &nbsp;&nbsp; — | &nbsp;&nbsp; 18120443 |
| Government & Agency Obligations (a) |  | &nbsp;&nbsp; 18736357 | &nbsp;&nbsp; — | &nbsp;&nbsp; 18736357 |
| Warrants  |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 750 | &nbsp;&nbsp; 750 |
| Short-Term Investments (a) | 8826180 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 8826180 |
| Derivatives (b) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts  | 758176 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 758176 |
| **Total** | **$9584356** | &nbsp;&nbsp; **$242461977** | &nbsp;&nbsp; **$750** | &nbsp;&nbsp; **$252047083** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Liabilities** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Derivatives (b) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts  | $(188784)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(188784)<br>|
| **Total** | **$(188784)**<br>| &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$(188784)**<br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* *See Investment Portfolio for additional detailed categorizations.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(b)* *Derivatives include unrealized appreciation (depreciation) on open futures contracts.* 

The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas Inc. and RREEF America L.L.C. which offer advisory services.

DTRBF-PH3

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** DEUTSCHE DWS PORTFOLIO TRUST

- **b. Investment Company Act file number:** 811-00042

- **c. CIK number of Registrant:** 0000088063

- **d. LEI of Registrant:** SRECKAL0MZIWJ5FTJI59

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

  - **Street Address 1:** 875 Third Avenue

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022-6225

  - **Telephone number:** 212-454-4500

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

- **a. Name of Series:** DWS Total Return Bond Fund

- **b. EDGAR series identifier (if any):** S000006101

- **c. LEI of Series:** W3A6YRGSCF5E88CKHO43

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

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

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $250210668.20

**Total Liabilities:** $8418674.45

**Net Assets:** $241791993.75

**Delayed Delivery Securities:** $5234856.62

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -277.90000000 | **1-Year:** -5338.29000000 | **5-Year:** -25085.30000000 | **10-Year:** -29220.61000000 | **30-Year:** -11597.75000000

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

- **3-Month:** -56.37000000 | **1-Year:** -1669.72000000 | **5-Year:** -3132.34000000 | **10-Year:** -1130.75000000 | **30-Year:** -890.81000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000016770 | 1.40%                | 1.17%                | 0.53%                |
| Class ID C000016773 | 1.33%                | 1.11%                | 0.47%                |
| Class ID C000016774 | 1.31%                | 1.30%                | 0.55%                |
| Class ID C000016775 | 1.31%                | 1.32%                | 0.55%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $427875.91               | $1404799.17                                |
| Month 2  | $327671.24               | $1349891.07                                |
| Month 3  | $315527.85               | $-91840.46                                 |

**Designated Index Information**

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

- **Index Identifier:** LEH_AGG

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AEP TEXAS INC                                                                       | AEP Texas Inc                                                                         | CUSIP: 00108WAU4<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249873.29    | 0.10%             | 2055-10-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                            | AT&T Inc                                                                              | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    220000 | PA      | $150860.49    | 0.06%             | 2055-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                            | AT&T Inc                                                                              | CUSIP: 00206RMT6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1758200.86   | 0.73%             | 2034-02-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                            | AT&T Inc                                                                              | CUSIP: 00206RNC2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $985744.16    | 0.41%             | 2035-11-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                                          | AbbVie Inc                                                                            | CUSIP: 00287YEA3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    424000 | PA      | $438849.83    | 0.18%             | 2035-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK                                                            | African Development Bank                                                              | CUSIP: 008281BK2<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | XX        |    900000 | PA      | $898530.91    | 0.37%             | N/A             | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                                                  | Ally Bank Auto Credit-Linked Notes Series 2024-B                                      | CUSIP: 02007G4D2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    157792 | PA      | $158437.71    | 0.07%             | 2032-09-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                                                  | Ally Bank Auto Credit-Linked Notes Series 2024-B                                      | CUSIP: 02007G4E0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    157792 | PA      | $158355.81    | 0.07%             | 2032-09-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                                                  | Ally Bank Auto Credit-Linked Notes Series 2024-A                                      | CUSIP: 02007GZ63<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    259024 | PA      | $262528.51    | 0.11%             | 2032-05-17      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                                        | Alphabet Inc                                                                          | CUSIP: 02079KAM9<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    425000 | PA      | $421150.64    | 0.17%             | 2055-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2006-43CB                                                      | CUSIP: 02149FAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     96701 | PA      | $48283.29     | 0.02%             | 2037-02-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH CO/INBEV                                                             | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc                           | CUSIP: 03522AAJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $155220.58    | 0.06%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                                                      | Apidos CLO XXXIX Ltd                                                                  | CUSIP: 03766HAW0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $999230.00    | 0.41%             | 2038-10-21      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                                                      | Apidos CLO XVIII-R                                                                    | CUSIP: 03767NAY2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500635.50    | 0.21%             | 2038-01-22      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                                                      | Apidos Clo XL Ltd                                                                     | CUSIP: 03769RAN5<br>LEI: 549300CRPUKFOJKGAT02 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $501448.50    | 0.21%             | 2037-07-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                                                      | Apidos CLO XLVII Ltd                                                                  | CUSIP: 03770QAG9<br>LEI: 254900SZ16B4KDM8N485 | Long             | ABS-CBDO         | CORP              | JE        |    625000 | PA      | $627148.13    | 0.26%             | 2037-04-26      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                                           | Apple Inc                                                                             | CUSIP: 037833EE6<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |     13000 | PA      | $9342.85      | 0.00%             | 2041-02-08      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                                           | Apple Inc                                                                             | CUSIP: 037833EK2<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |     16000 | PA      | $10169.37     | 0.00%             | 2051-08-05      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                                                                       | AppLovin Corp                                                                         | CUSIP: 03831WAE8<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    257000 | PA      | $257495.75    | 0.11%             | 2054-12-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                                                        | Ares LIX CLO Ltd                                                                      | CUSIP: 04018EAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $458570.00    | 0.19%             | 2034-04-25      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust                                                               | Arroyo Mortgage Trust 2021-1R                                                         | CUSIP: 042853AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1377669 | PA      | $1243342.40   | 0.51%             | 2048-10-25      | Variable      | 1.18%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                            | Avis Budget Rental Car Funding AESOP LLC                                              | CUSIP: 05377RJH8<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $762830.25    | 0.32%             | 2028-10-20      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                            | Avis Budget Rental Car Funding AESOP LLC                                              | CUSIP: 05377RJY1<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    650000 | PA      | $666850.54    | 0.28%             | 2030-02-20      | Fixed         | 7.52%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                            | Avis Budget Rental Car Funding AESOP LLC                                              | CUSIP: 05377RKK9<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $407837.68    | 0.17%             | 2028-10-20      | Fixed         | 7.43%                 | No            |                  2 | On Loan: No      |
| The BAHA Trust                                                                      | BAHA Trust 2024-MAR                                                                   | CUSIP: 05493XAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    836000 | PA      | $864698.79    | 0.36%             | 2041-12-10      | Variable      | 5.97%                 | No            |                  2 | On Loan: No      |
| The BAHA Trust                                                                      | BAHA Trust 2024-MAR                                                                   | CUSIP: 05493XAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    650000 | PA      | $677474.85    | 0.28%             | 2041-12-10      | Variable      | 6.84%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                                    | BAT Capital Corp                                                                      | CUSIP: 054989AF5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $987930.47    | 0.41%             | 2033-03-22      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BHP BILLITON FIN USA LTD                                                            | BHP Billiton Finance USA Ltd                                                          | CUSIP: 055451BL1<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |    903000 | PA      | $936190.88    | 0.39%             | 2035-02-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                                                              | BP Capital Markets PLC                                                                | CUSIP: 05565QDX3<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |    750000 | PA      | $782760.00    | 0.32%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BNSF FUNDING TRUST I                                                                | BNSF Funding Trust I                                                                  | CUSIP: 05567SAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1004680.00   | 0.42%             | 2055-12-15      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                                                           | BPR Trust 2021-TY                                                                     | CUSIP: 05592AAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $299250.00    | 0.12%             | 2038-09-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| BX Trust 2019-OC11                                                                  | BX Trust 2019-OC11                                                                    | CUSIP: 05606FAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $946468.50    | 0.39%             | 2041-12-09      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| BX Trust 2019-OC11                                                                  | BX Trust 2019-OC11                                                                    | CUSIP: 05606FAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $710194.65    | 0.29%             | 2041-12-09      | Variable      | 3.94%                 | No            |                  2 | On Loan: No      |
| Banc of America Mortgage Securities                                                 | Banc of America Mortgage 2004-A Trust                                                 | CUSIP: 05948XT27<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     29487 | PA      | $29085.99     | 0.01%             | 2034-02-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                                | Bank of America Corp                                                                  | CUSIP: 06051GKB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    154000 | PA      | $102718.60    | 0.04%             | 2052-07-21      | Fixed         | 2.97%                 | No            |                  2 | On Loan: —       |
| BANK OF AMERICA CORP                                                                | Bank of America Corp                                                                  | CUSIP: 06051GMW6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    833000 | PA      | $871473.02    | 0.36%             | 2036-05-09      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                                | Bank of America Corp                                                                  | CUSIP: 06055HAK9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1017220.00   | 0.42%             | N/A             | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                                                    | Bank of Montreal                                                                      | CUSIP: 06368L8V1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $412496.34    | 0.17%             | 2085-11-26      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                        | Barclays PLC                                                                          | CUSIP: 06738ECV5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    347000 | PA      | $352059.41    | 0.15%             | 2035-09-10      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Bayview Opportunity Master Fund VII                                                 | Bayview Opportunity Master Fund VII 2024-CAR1 LLC                                     | CUSIP: 07336QAB8<br>LEI: 254900S53K9VTUR1UX42 | Long             | ABS-O            | CORP              | US        |    109661 | PA      | $110050.25    | 0.05%             | 2031-12-26      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Adjustable Rate Mortgage Trust                                         | Bear Stearns ARM Trust 2005-11                                                        | CUSIP: 07387AFG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     42496 | PA      | $43687.75     | 0.02%             | 2035-12-25      | Variable      | 7.13%                 | No            |                  2 | On Loan: No      |
| BEACON FUNDING TRUST                                                                | Beacon Funding Trust                                                                  | CUSIP: 073952AB9<br>LEI: 984500A80A2EBF5A7C93 | Long             | DBT              | CORP              | US        |    165000 | PA      | $169541.84    | 0.07%             | 2054-08-15      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                            | Benchmark 2020-IG3 Mortgage Trust                                                     | CUSIP: 08162QAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $436113.35    | 0.18%             | 2048-09-15      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                                                              | Blackstone Private Credit Fund                                                        | CUSIP: 09261HBS5<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    500000 | PA      | $497906.75    | 0.21%             | 2030-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BLOCK FINANCIAL LLC                                                                 | Block Financial LLC                                                                   | CUSIP: 093662AK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    480000 | PA      | $487431.47    | 0.20%             | 2032-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                                       | Boeing Co/The                                                                         | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    330000 | PA      | $375608.35    | 0.16%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| Bourzou Issuer LLC, Jamshid Issuer LLC, Cristobal Issuer LLC & COPT DC-6 Issuer LLC | Cloud Capital Holdco LP                                                               | CUSIP: 102104AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $455531.54    | 0.19%             | 2049-11-22      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                                                              | Brazilian Government International Bond                                               | CUSIP: 105756CM0<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    635000 | PA      | $648112.75    | 0.27%             | 2030-11-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                        | Broadcom Inc                                                                          | CUSIP: 11135FBP5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    148000 | PA      | $128273.16    | 0.05%             | 2035-11-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                        | Broadcom Inc                                                                          | CUSIP: 11135FCX7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    833000 | PA      | $822899.24    | 0.34%             | 2038-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Bryant Park Funding Ltd                                                             | Bryant Park Funding 2023-21 Ltd                                                       | CUSIP: 117650AL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1500511.50   | 0.62%             | 2038-10-18      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINANCE CORP                                                              | Bunge Ltd Finance Corp                                                                | CUSIP: 120568BP4<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |    750000 | PA      | $772347.49    | 0.32%             | 2032-04-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                                                    | Paramount Global                                                                      | CUSIP: 124857AZ6<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    725000 | PA      | $710048.48    | 0.29%             | 2029-06-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                              | CCO Holdings LLC / CCO Holdings Capital Corp                                          | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1988469.80   | 0.82%             | 2027-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC                                                                   | CBRE Services Inc                                                                     | CUSIP: 12505BAK6<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |    279000 | PA      | $287853.63    | 0.12%             | 2035-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CENT Trust                                                                          | CENT 2025-CITY                                                                        | CUSIP: 12517TAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1012745.70   | 0.42%             | 2040-07-10      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| CIT Group Home Equity Loan Trust                                                    | CIT Home Equity Loan Trust 2002-1                                                     | CUSIP: 12558MAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       178 | PA      | $178.03       | 0.00%             | 2030-02-25      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                                                    | CIFC Funding 2022-VII Ltd                                                             | CUSIP: 12569EAU1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    442000 | PA      | $444335.97    | 0.18%             | 2038-01-22      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                                                     | CSAIL 2016-C6 Commercial Mortgage Trust                                               | CUSIP: 12636MAJ7<br>LEI: 549300C2HE5FJAWYZL57 | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $491916.85    | 0.20%             | 2049-01-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                     | CVS Health Corp                                                                       | CUSIP: 126650EK2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    299000 | PA      | $305307.60    | 0.13%             | 2035-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                     | CVS Health Corp                                                                       | CUSIP: 126650EL0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    280000 | PA      | $287592.57    | 0.12%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                                              | CHL Mortgage Pass-Through Trust 2004-13                                               | CUSIP: 12669FK44<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     99632 | PA      | $98416.44     | 0.04%             | 2034-08-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                                              | Canadian Imperial Bank of Commerce                                                    | CUSIP: 13607PNF7<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $254602.00    | 0.11%             | 2085-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH INC                                                                 | Cardinal Health Inc                                                                   | CUSIP: 14149YBV9<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302950.56    | 0.13%             | 2035-09-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CARLYLE GROUP INC/THE                                                               | Carlyle Group Inc/The                                                                 | CUSIP: 14316JAA6<br>LEI: 529900NGGVF94UK6PG95 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297350.44    | 0.12%             | 2035-09-19      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                       | Carnival Corp                                                                         | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    144000 | PA      | $148488.46    | 0.06%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                       | Carnival Corp                                                                         | CUSIP: 143658CB6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   1500000 | PA      | $1518544.04   | 0.63%             | 2029-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                                                                 | Carrier Global Corp                                                                   | CUSIP: 14448CBC7<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    820000 | PA      | $882482.39    | 0.36%             | 2034-03-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| DWS                                                                                 | DWS Government & Agency Securities Portfolio DWS Government Cash Institutional Shares | CUSIP: 147539670<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2012188 | NS      | $2012188.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                            | Celanese US Holdings LLC                                                              | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    318000 | PA      | $315344.70    | 0.13%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| CHARTER COMM OPT LLC/CAP                                                            | Charter Communications Operating LLC / Charter Communications Operating Capital       | CUSIP: 161175AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $310755.60    | 0.13%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                            | Charter Communications Operating LLC / Charter Communications Operating Capital       | CUSIP: 161175CS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    571000 | PA      | $569456.71    | 0.24%             | 2035-12-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: —       |
| CITIGROUP INC                                                                       | Citigroup Inc                                                                         | CUSIP: 172967PU9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    640000 | PA      | $669562.17    | 0.28%             | 2036-01-24      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                       | Citigroup Inc                                                                         | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    676000 | PA      | $676821.02    | 0.28%             | 2031-09-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                       | Citigroup Inc                                                                         | CUSIP: 172967QH7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    535000 | PA      | $541657.78    | 0.22%             | 2036-09-11      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                       | Citigroup Inc                                                                         | CUSIP: 17327CAV5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    525000 | PA      | $540075.90    | 0.22%             | N/A             | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                                                        | Comcast Corp                                                                          | CUSIP: 20030NEG2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    250000 | PA      | $230741.86    | 0.10%             | 2064-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COTY/HFC PRESTIGE/INT US                                                            | Coty Inc/HFC Prestige Products Inc/HFC Prestige International US LLC                  | CUSIP: 22207AAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $150504.90    | 0.06%             | 2031-01-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                                  | Credit Agricole SA                                                                    | CUSIP: 22535WAS6<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    530000 | PA      | $526881.26    | 0.22%             | 2033-09-25      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Credit Suisse First Boston Mortgage Securities                                      | CSFB Mortgage-Backed Pass-Through Certificates Series 2005-10                         | CUSIP: 225470FM0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    191345 | PA      | $41124.64     | 0.02%             | 2035-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CyrusOne Data Centers Issuer I LLC                                                  | CyrusOne Data Centers Issuer I LLC                                                    | CUSIP: 23284BAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $984220.20    | 0.41%             | 2049-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                                                               | DB Master Finance LLC                                                                 | CUSIP: 233046AW1<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1006485.50   | 0.42%             | 2055-08-20      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                                                                    | DT Midstream Inc                                                                      | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1223320.96   | 0.51%             | 2029-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                                                                    | DT Midstream Inc                                                                      | CUSIP: 23345MAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    257000 | PA      | $265485.89    | 0.11%             | 2034-12-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                                              | Daimler Truck Finance North America LLC                                               | CUSIP: 233853BJ8<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    941000 | PA      | $945355.93    | 0.39%             | 2032-10-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                                             | Dell International LLC / EMC Corp                                                     | CUSIP: 24703DBU4<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    683000 | PA      | $675923.49    | 0.28%             | 2036-02-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                                                 | Dominion Energy Inc                                                                   | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    700000 | PA      | $729815.10    | 0.30%             | 2055-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Dominos Pizza Master Issuer LLC                                                     | Domino's Pizza Master Issuer LLC                                                      | CUSIP: 25755TAR1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    818000 | PA      | $827228.68    | 0.34%             | 2055-07-25      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                                                                 | Dow Chemical Co/The                                                                   | CUSIP: 260543DM2<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    285000 | PA      | $269756.87    | 0.11%             | 2055-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: —       |
| DOW CHEMICAL CO/THE                                                                 | Dow Chemical Co/The                                                                   | CUSIP: 260543DP5<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    520000 | PA      | $520503.29    | 0.22%             | 2036-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: —       |
| Dryden Senior Loan Fund                                                             | Dryden 64 CLO Ltd                                                                     | CUSIP: 26251LAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1200920.40   | 0.50%             | 2031-04-18      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                                            | EQT Corp                                                                              | CUSIP: 26884LAR0<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    745000 | PA      | $779824.26    | 0.32%             | 2034-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                                                            | Eagle Funding Luxco Sarl                                                              | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |    621000 | PA      | $630873.90    | 0.26%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EASTERN ENERGY GAS                                                                  | Eastern Energy Gas Holdings LLC                                                       | CUSIP: 27636AAB8<br>LEI: 549300BFOD6TDMVV4O24 | Long             | DBT              | CORP              | US        |    340000 | PA      | $358585.58    | 0.15%             | 2035-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                                        | Enbridge Inc                                                                          | CUSIP: 29250NBC8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    900000 | PA      | $906098.40    | 0.37%             | 2080-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| ENERGY TRANSFER LP                                                                  | Energy Transfer LP                                                                    | CUSIP: 29273VAJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    850000 | PA      | $848692.79    | 0.35%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                                  | Energy Transfer LP                                                                    | CUSIP: 29273VBE9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    657000 | PA      | $677075.90    | 0.28%             | 2035-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                                  | Energy Transfer LP                                                                    | CUSIP: 29273VBG4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    820000 | PA      | $812573.01    | 0.34%             | 2056-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                                                | Enel Finance International NV                                                         | CUSIP: 29278GBJ6<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    490000 | PA      | $483772.23    | 0.20%             | 2055-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ENTERGY LOUISIANA LLC                                                               | Entergy Louisiana LLC                                                                 | CUSIP: 29364WBQ0<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    350000 | PA      | $360391.03    | 0.15%             | 2055-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| ENTERGY ARKANSAS LLC                                                                | Entergy Arkansas LLC                                                                  | CUSIP: 29366MAG3<br>LEI: 549300A0I5ONUIFMLP35 | Long             | DBT              | CORP              | US        |    470000 | PA      | $485267.63    | 0.20%             | 2054-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                                      | Enterprise Fleet Financing 2025-2 LLC                                                 | CUSIP: 29375TAD4<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |    361000 | PA      | $365365.61    | 0.15%             | 2031-12-22      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                                                   | Eversource Energy                                                                     | CUSIP: 30040WAX6<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    710000 | PA      | $735507.03    | 0.30%             | 2034-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                                                         | Exelon Corp                                                                           | CUSIP: 30161NBQ3<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    400000 | PA      | $420429.60    | 0.17%             | 2055-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                                                         | Extended Stay America Trust 2025-ESH                                                  | CUSIP: 30227TAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2006250.00   | 0.83%             | 2042-10-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                                                                | FREMF 2018-K75 Mortgage Trust                                                         | CUSIP: 30296PAS3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $986557.80    | 0.41%             | 2051-04-25      | Variable      | 3.98%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                                                                | FREMF 2018-K77 Mortgage Trust                                                         | CUSIP: 30296VAS0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1832000 | PA      | $1815093.39   | 0.75%             | 2051-05-25      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                                  | Meta Platforms Inc                                                                    | CUSIP: 30303M8V7<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    291000 | PA      | $280216.93    | 0.12%             | 2054-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                                  | Meta Platforms Inc                                                                    | CUSIP: 30303MAD4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    398000 | PA      | $399759.69    | 0.17%             | 2035-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                                  | Meta Platforms Inc                                                                    | CUSIP: 30303MAE2<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    412000 | PA      | $408900.86    | 0.17%             | 2055-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                                                     | Fair Isaac Corp                                                                       | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508948.00    | 0.21%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                                                    | Freddie Mac Strips                                                                    | CUSIP: 31282YED7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     50076 | PA      | $6260.02      | 0.00%             | 2035-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                      | CUSIP: 3131WM3D6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     64428 | PA      | $67168.80     | 0.03%             | 2039-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                      | CUSIP: 3131WRB95<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     22277 | PA      | $22354.38     | 0.01%             | 2040-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                      | CUSIP: 3131X9HJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     32345 | PA      | $32122.84     | 0.01%             | 2028-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                      | CUSIP: 3131XKDL0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    782301 | PA      | $751532.41    | 0.31%             | 2042-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                      | CUSIP: 3132A4PW2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    295537 | PA      | $282655.43    | 0.12%             | 2044-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                      | CUSIP: 3132DTLY4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5156410 | PA      | $4798515.01   | 1.98%             | 2052-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                      | CUSIP: 3132DTX47<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1596583 | PA      | $1424683.53   | 0.59%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC                                                                         | Federal Home Loan Mortgage Corp                                                       | CUSIP: 3134A4AA2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |   1500000 | PA      | $1716329.84   | 0.71%             | 2031-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 31368HL35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     38347 | PA      | $39494.30     | 0.02%             | 2033-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                     | CUSIP: 3136BQUL1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1079283 | PA      | $947988.84    | 0.39%             | 2053-11-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                     | CUSIP: 3136BVL97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    192455 | PA      | $205011.52    | 0.08%             | 2055-05-25      | Floating      | 10.05%                | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                                    | CUSIP: 3137F6K55<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3026862 | PA      | $405668.55    | 0.17%             | 2050-11-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                                    | CUSIP: 3137FNQZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1363032 | PA      | $1255797.20   | 0.52%             | 2049-09-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                                    | CUSIP: 3137FVSN3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4669587 | PA      | $634848.72    | 0.26%             | 2050-07-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                                    | CUSIP: 3137H1RQ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7944965 | PA      | $895321.78    | 0.37%             | 2051-08-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                                    | CUSIP: 3137H8B83<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4338583 | PA      | $490855.79    | 0.20%             | 2052-02-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 31385XQ91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     56841 | PA      | $58540.52     | 0.02%             | 2033-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3138ADSK2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     94564 | PA      | $98663.91     | 0.04%             | 2041-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3138ERHZ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    361140 | PA      | $342838.57    | 0.14%             | 2046-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3138X8ZV6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    129676 | PA      | $129383.11    | 0.05%             | 2043-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 31391PDR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7683 | PA      | $7896.48      | 0.00%             | 2032-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 31402C4G4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     24316 | PA      | $25043.28     | 0.01%             | 2034-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 31402QY39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5730 | PA      | $5948.64      | 0.00%             | 2035-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 31408H4P7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     60876 | PA      | $63288.30     | 0.03%             | 2031-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3140B9X61<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2579477 | PA      | $2652621.35   | 1.10%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3140J7UN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    869730 | PA      | $820778.57    | 0.34%             | 2046-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3140MHSH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2144541 | PA      | $1830069.76   | 0.76%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3140QMCC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    935754 | PA      | $806363.02    | 0.33%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3140QN3Y6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2011572 | PA      | $1802769.86   | 0.75%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3140QSP88<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1236835 | PA      | $1254470.42   | 0.52%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3140QUZZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  12780752 | PA      | $13184719.97  | 5.45%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3140QVG65<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5538655 | PA      | $5713718.13   | 2.36%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3140QVLH5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4542986 | PA      | $4688561.09   | 1.94%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3140QWA77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1903658 | PA      | $1961720.06   | 0.81%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3140Y6M31<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    877677 | PA      | $892154.64    | 0.37%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 31414UW46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     43305 | PA      | $44960.83     | 0.02%             | 2035-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 31416BLC0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    187018 | PA      | $194429.88    | 0.08%             | 2037-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 31418FKP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1384686 | PA      | $1416642.46   | 0.59%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                                                                     | Fannie Mae Interest Strip                                                             | CUSIP: 31423Y4J5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4805711 | PA      | $318298.16    | 0.13%             | 2037-07-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                      | CUSIP: 31425UAJ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2379686 | PA      | $2431768.39   | 1.01%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                      | CUSIP: 31425XDT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4255569 | PA      | $4392405.33   | 1.82%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                      | CUSIP: 31427MTS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1908403 | PA      | $1953594.14   | 0.81%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FIRST CITIZENS BANCSHARE                                                            | First Citizens BancShares Inc/NC                                                      | CUSIP: 319626AA5<br>LEI: 549300N3Z00ZHE2XC526 | Long             | DBT              | CORP              | US        |    750000 | PA      | $747278.58    | 0.31%             | 2035-09-05      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                                          | Fiserv Inc                                                                            | CUSIP: 337738BQ0<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498460.50    | 0.21%             | 2035-08-11      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                            | Ford Motor Credit Co LLC                                                              | CUSIP: 345397E58<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508820.22    | 0.21%             | 2029-03-08      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                                               | Foundry JV Holdco LLC                                                                 | CUSIP: 350930AH6<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    363000 | PA      | $383458.76    | 0.16%             | 2036-01-25      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Foursight Capital Automobile Receivables Trust                                      | Foursight Capital Automobile Receivables Trust 2023-2                                 | CUSIP: 35104AAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $764646.98    | 0.32%             | 2029-04-16      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae I Pool                                                                     | CUSIP: 3620A5AX7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     26759 | PA      | $26820.28     | 0.01%             | 2040-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Galaxy CLO Ltd                                                                      | Galaxy 34 Clo Ltd                                                                     | CUSIP: 36322AAA0<br>LEI: 3912002JK68FWHXUMG23 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501187.00    | 0.21%             | 2037-10-20      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Garnet CLO Ltd                                                                      | Garnet CLO 3 Ltd                                                                      | CUSIP: 36626TAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000998.00   | 0.41%             | 2038-10-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                              | General Motors Financial Co Inc                                                       | CUSIP: 37045XEU6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    975000 | PA      | $1010684.71   | 0.42%             | 2029-07-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                             | Goldman Sachs Group Inc/The                                                           | CUSIP: 38141GD43<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    288000 | PA      | $286593.49    | 0.12%             | 2036-10-21      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS BDC INC                                                               | Goldman Sachs BDC Inc                                                                 | CUSIP: 38147UAF4<br>LEI: 6D01AGSGBNZIJSN77043 | Long             | DBT              | CORP              | US        |    525000 | PA      | $528464.91    | 0.22%             | 2030-09-09      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                              | CUSIP: 38378PZQ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1220070 | PA      | $125326.60    | 0.05%             | 2044-01-16      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                              | CUSIP: 38379CS80<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     69011 | PA      | $714.15       | 0.00%             | 2029-07-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                              | CUSIP: 38379PLX3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    671872 | PA      | $136642.53    | 0.06%             | 2045-05-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                              | CUSIP: 38381NMR6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    242402 | PA      | $248730.79    | 0.10%             | 2055-06-20      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                              | CUSIP: 38382MA66<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  11623547 | PA      | $1388731.88   | 0.57%             | 2051-01-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                              | CUSIP: 38382MMP1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2893710 | PA      | $524366.60    | 0.22%             | 2050-12-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                              | CUSIP: 38382WBQ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1022303 | PA      | $830705.37    | 0.34%             | 2047-11-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                              | CUSIP: 38383FVU4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   8062972 | PA      | $1079368.53   | 0.45%             | 2051-12-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                              | CUSIP: 38384CTB5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2252502 | PA      | $2260796.68   | 0.94%             | 2053-08-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                              | CUSIP: 38384DKM8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   7594771 | PA      | $942208.68    | 0.39%             | 2051-08-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                              | CUSIP: 38385B2Y5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1034261 | PA      | $992158.86    | 0.41%             | 2064-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORP                                                                    | HF Sinclair Corp                                                                      | CUSIP: 403949AR1<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |    453000 | PA      | $469211.29    | 0.19%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORP                                                                    | HF Sinclair Corp                                                                      | CUSIP: 403949AT7<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |    468000 | PA      | $475901.28    | 0.20%             | 2032-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                             | HCA Inc                                                                               | CUSIP: 404119DB2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    475000 | PA      | $498349.58    | 0.21%             | 2035-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                                   | HSBC Holdings PLC                                                                     | CUSIP: 404280EV7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    750000 | PA      | $780144.75    | 0.32%             | N/A             | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| HP INC                                                                              | HP Inc                                                                                | CUSIP: 40434LAS4<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |    490000 | PA      | $520348.56    | 0.22%             | 2035-04-25      | Fixed         | 6.10%                 | No            |                  2 | On Loan: —       |
| Hin Timeshare Trust                                                                 | HINNT 2024-A LLC                                                                      | CUSIP: 40472QAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    497509 | PA      | $505516.39    | 0.21%             | 2043-03-15      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| Hawaii Hotel Trust                                                                  | Hawaii Hotel Trust 2025-MAUI                                                          | CUSIP: 419909AC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $250156.25    | 0.10%             | 2042-03-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Hercules Trust II                                                                   | HERCULES TR II                                                                        | CUSIP: 427098116<br>LEI: N/A                  | N/A              | DE               |  | US        |       315 | NS      | $750.39       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                                            | Hess Midstream Operations LP                                                          | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1036203.00   | 0.43%             | 2029-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                                            | Hess Midstream Operations LP                                                          | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    298000 | PA      | $304135.82    | 0.13%             | 2028-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                                                        | Hilton Grand Vacations Trust 2024-2                                                   | CUSIP: 43283JAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    584634 | PA      | $594331.53    | 0.25%             | 2038-03-25      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank                                                        | Huntington Bank Auto Credit-Linked Notes Series 2024-1                                | CUSIP: 44644NAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    156963 | PA      | $159350.15    | 0.07%             | 2032-05-20      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank                                                        | Huntington Bank Auto Credit-Linked Notes Series 2024-2                                | CUSIP: 44644NAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    305172 | PA      | $308259.35    | 0.13%             | 2032-10-20      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                                                        | Hudson Yards 2025-SPRL Mortgage Trust                                                 | CUSIP: 44855PAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    190000 | PA      | $196704.95    | 0.08%             | 2040-01-13      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                                                        | Hudson Yards 2025-SPRL Mortgage Trust                                                 | CUSIP: 44855PAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    225000 | PA      | $232619.92    | 0.10%             | 2040-01-13      | Variable      | 5.76%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                                                        | Hudson Yards 2025-SPRL Mortgage Trust                                                 | CUSIP: 44855PAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1135000 | PA      | $1173230.43   | 0.49%             | 2040-01-13      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| IRV Trust                                                                           | IRV Trust 2025-200P                                                                   | CUSIP: 45006HAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    476000 | PA      | $481297.59    | 0.20%             | 2047-03-14      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| ILPT Commercial Mortgage Trust                                                      | ILPT Commercial Mortgage Trust 2025-LPF2                                              | CUSIP: 451955AG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1017038.50   | 0.42%             | 2042-07-13      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                                                               | Indonesia Government International Bond                                               | CUSIP: 455780DS2<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    230000 | PA      | $237213.15    | 0.10%             | 2053-01-11      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust 2006-A2                                                      | CUSIP: 466247J46<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    171448 | PA      | $148888.96    | 0.06%             | 2036-04-25      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                                       | J.P. Morgan Chase Commercial Mortgage Securities Trust 2016-NINE                      | CUSIP: 46646GAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $491951.25    | 0.20%             | 2038-09-06      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                                   | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    727000 | PA      | $766346.77    | 0.32%             | 2036-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                                       | J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-PHH                       | CUSIP: 46650FAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1938171 | PA      | $1629116.93   | 0.67%             | 2035-06-15      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                                       | JP Morgan Chase Commercial Mortgage Securities Trust 2021-1MEM                        | CUSIP: 46654BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1750000 | PA      | $1470613.38   | 0.61%             | 2042-10-09      | Variable      | 2.52%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust Series 2024-6                                                | CUSIP: 46657YAP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    639642 | PA      | $638238.27    | 0.26%             | 2054-12-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                                             | Jane Street Group / JSG Finance Inc                                                   | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    460000 | PA      | $468084.96    | 0.19%             | 2032-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD GRP/CO                                                            | JBS USA Holding Lux Sarl / JBS USA Foods Group Holdings Inc / JBS USA Food Co         | CUSIP: 472140AJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    305000 | PA      | $312021.10    | 0.13%             | 2066-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                                                            | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                            | CUSIP: 47214BAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    331000 | PA      | $365176.74    | 0.15%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Jersey Mikes Funding LLC                                                            | Jersey Mike's Funding LLC                                                             | CUSIP: 476681AD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    328350 | PA      | $333355.24    | 0.14%             | 2055-02-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Jersey Mikes Funding LLC                                                            | Jersey Mike's Funding                                                                 | CUSIP: 476681AE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1800000 | PA      | $1831893.48   | 0.76%             | 2055-08-16      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                                   | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    941000 | PA      | $976651.67    | 0.40%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                                   | CUSIP: 48128BAQ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    900000 | PA      | $948190.50    | 0.39%             | N/A             | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| KNDR Trust 2021-KIND                                                                | KIND Trust 2021-KIND                                                                  | CUSIP: 482606AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    495860 | PA      | $493047.73    | 0.20%             | 2038-08-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                                                 | Kinetik Holdings LP                                                                   | CUSIP: 49461MAB6<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    536000 | PA      | $550511.13    | 0.23%             | 2028-12-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                                                                | Kraft Heinz Foods Co                                                                  | CUSIP: 50077LAB2<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    395000 | PA      | $329994.12    | 0.14%             | 2046-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| KROGER CO                                                                           | Kroger Co/The                                                                         | CUSIP: 501044DV0<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504093.14    | 0.21%             | 2034-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC                                                                | Kyndryl Holdings Inc                                                                  | CUSIP: 50155QAL4<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |    480000 | PA      | $437419.17    | 0.18%             | 2031-10-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                                                | Las Vegas Sands Corp                                                                  | CUSIP: 517834AM9<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    419000 | PA      | $428440.93    | 0.18%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Lewey Park CLO Ltd                                                                  | Lewey Park CLO Ltd                                                                    | CUSIP: 527911AC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500888.50    | 0.21%             | 2037-10-21      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC                                                            | Liberty Mutual Group Inc                                                              | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    830000 | PA      | $811287.83    | 0.34%             | 2051-12-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                                                      | Eli Lilly & Co                                                                        | CUSIP: 532457CM8<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    320000 | PA      | $303733.99    | 0.13%             | 2054-02-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                                                      | Eli Lilly & Co                                                                        | CUSIP: 532457CT3<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    120000 | PA      | $114806.38    | 0.05%             | 2064-08-14      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                            | Lloyds Banking Group PLC                                                              | CUSIP: 53944YBD4<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    232000 | PA      | $231600.38    | 0.10%             | 2031-11-04      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                                                      | Lowe's Cos Inc                                                                        | CUSIP: 548661EV5<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    908000 | PA      | $902187.78    | 0.37%             | 2031-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                                | M&T Bank Corp                                                                         | CUSIP: 55261FAV6<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    690000 | PA      | $698911.94    | 0.29%             | 2036-01-16      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MRCD Mortgage Trust                                                                 | MRCD 2019-MARK Mortgage Trust                                                         | CUSIP: 55348UAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    155000 | PA      | $129037.50    | 0.05%             | 2036-12-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                            | Warnermedia Holdings Inc                                                              | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    146000 | PA      | $133726.88    | 0.06%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                            | Warnermedia Holdings Inc                                                              | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    500000 | PA      | $485520.00    | 0.20%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                            | Mars Inc                                                                              | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    572000 | PA      | $587096.42    | 0.24%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                            | Mars Inc                                                                              | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    334000 | PA      | $339844.73    | 0.14%             | 2055-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                                                            | Marsh & McLennan Cos Inc                                                              | CUSIP: 571748BT8<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    240000 | PA      | $237896.78    | 0.10%             | 2053-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                                                              | Marriott International Inc/MD                                                         | CUSIP: 571903BU6<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    610000 | PA      | $626321.83    | 0.26%             | 2037-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                                                              | Marvell Technology Inc                                                                | CUSIP: 573874AS3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    785000 | PA      | $804946.39    | 0.33%             | 2035-07-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: —       |
| MCDONALD'S CORP                                                                     | McDonald's Corp                                                                       | CUSIP: 58013MGC2<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    351000 | PA      | $353595.11    | 0.15%             | 2036-02-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Investors Trust                                              | Merrill Lynch Mortgage Investors Trust Series 2003-A6                                 | CUSIP: 5899294H8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | ABS-MBS          | CORP              | US        |     56375 | PA      | $55532.10     | 0.02%             | 2033-10-25      | Variable      | 6.73%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                                                      | Microsoft Corp                                                                        | CUSIP: 594918CE2<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    465000 | PA      | $313594.68    | 0.13%             | 2052-03-17      | Fixed         | 2.92%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                      | Morgan Stanley                                                                        | CUSIP: 61747YFR1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    770000 | PA      | $820997.53    | 0.34%             | 2035-04-19      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                      | Morgan Stanley                                                                        | CUSIP: 61747YGA7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    438000 | PA      | $461205.68    | 0.19%             | 2036-04-17      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                                                              | Mosaic Solar Loan Trust 2023-1                                                        | CUSIP: 61945VAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    223707 | PA      | $176729.52    | 0.07%             | 2053-06-20      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                                                              | Mosaic Solar Loan Trust 2023-1                                                        | CUSIP: 61945VAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    520000 | PA      | $279512.74    | 0.12%             | 2053-06-20      | Fixed         | 8.48%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                                                              | Mosaic Solar Loan Trust 2022-3                                                        | CUSIP: 61946KAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1703000 | PA      | $438428.49    | 0.18%             | 2053-06-20      | Fixed         | 8.56%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                      | NRG Energy Inc                                                                        | CUSIP: 629377DA7<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    750000 | PA      | $748085.10    | 0.31%             | 2030-10-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                      | NRG Energy Inc                                                                        | CUSIP: 629377DB5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    313000 | PA      | $312312.90    | 0.13%             | 2035-10-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                                                                    | NTT Finance Corp                                                                      | CUSIP: 62954WAU9<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    431000 | PA      | $442870.55    | 0.18%             | 2032-07-16      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                                                                    | NTT Finance Corp                                                                      | CUSIP: 62954WAV7<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    280000 | PA      | $291871.63    | 0.12%             | 2035-07-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Natixis Commercial Mortgage Securities                                              | Natixis Commercial Mortgage Securities Trust 2018-OSS                                 | CUSIP: 63874HAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $709682.55    | 0.29%             | 2037-12-15      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| NRZ Excess Spread Collateralized Notes                                              | NRZ Excess Spread-Collateralized Notes                                                | CUSIP: 65246QAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    326136 | PA      | $319318.18    | 0.13%             | 2026-11-25      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                              | NextEra Energy Capital Holdings Inc                                                   | CUSIP: 65339KDE7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    500000 | PA      | $520405.50    | 0.22%             | 2055-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                              | NextEra Energy Capital Holdings Inc                                                   | CUSIP: 65339KDL1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1061324.13   | 0.44%             | 2035-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP                                                               | Norfolk Southern Corp                                                                 | CUSIP: 655844CU0<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    500000 | PA      | $529072.95    | 0.22%             | 2064-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC                                                             | O'Reilly Automotive Inc                                                               | CUSIP: 67103HAN7<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    525000 | PA      | $528774.77    | 0.22%             | 2034-08-19      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                                                                            | OZLM XXIV Ltd                                                                         | CUSIP: 67113DAW4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    130731 | PA      | $130671.20    | 0.05%             | 2032-07-20      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                                            | Occidental Petroleum Corp                                                             | CUSIP: 674599EA9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1156288.00   | 0.48%             | 2030-07-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                                                         | OCP CLO 2024-36 Ltd                                                                   | CUSIP: 67570EAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $501293.50    | 0.21%             | 2037-10-16      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| OLIN CORP                                                                           | Olin Corp                                                                             | CUSIP: 680665AK2<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    500000 | PA      | $486252.25    | 0.20%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| OLIN CORP                                                                           | Olin Corp                                                                             | CUSIP: 680665AN6<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    159000 | PA      | $157453.97    | 0.07%             | 2033-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| 180 MEDICAL INC                                                                     | 180 Medical Inc                                                                       | CUSIP: 682357AB4<br>LEI: 254900ZB648OPWVFVX59 | Long             | DBT              | CORP              | US        |    350000 | PA      | $346172.37    | 0.14%             | 2035-10-08      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                         | Oracle Corp                                                                           | CUSIP: 68389XCU7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    710000 | PA      | $624153.18    | 0.26%             | 2054-09-27      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                         | Oracle Corp                                                                           | CUSIP: 68389XCV5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    220000 | PA      | $191823.76    | 0.08%             | 2064-09-27      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                         | Oracle Corp                                                                           | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    297000 | PA      | $281584.06    | 0.12%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| OTIS WORLDWIDE CORP                                                                 | Otis Worldwide Corp                                                                   | CUSIP: 68902VAS6<br>LEI: 549300ZLBKR8VSU25153 | Long             | DBT              | CORP              | US        |    447000 | PA      | $453776.26    | 0.19%             | 2035-09-04      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                                           | PG&E Corp                                                                             | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    375000 | PA      | $385696.88    | 0.16%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                              | Pacific Gas and Electric Co                                                           | CUSIP: 694308HY6<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    350000 | PA      | $262976.53    | 0.11%             | 2047-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                              | Pacific Gas and Electric Co                                                           | CUSIP: 694308KT3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    163000 | PA      | $158686.66    | 0.07%             | 2054-10-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                                                          | PacifiCorp                                                                            | CUSIP: 695114DE5<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    260000 | PA      | $253928.98    | 0.11%             | 2055-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                                               | Palmer Square CLO 2023-3 Ltd                                                          | CUSIP: 696926AG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $251168.75    | 0.10%             | 2037-01-20      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| PAYCHEX INC                                                                         | Paychex Inc                                                                           | CUSIP: 704326AB3<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |    470000 | PA      | $487416.79    | 0.20%             | 2032-04-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE                                                            | Petrobras Global Finance BV                                                           | CUSIP: 71647NBM0<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    675000 | PA      | $665887.50    | 0.28%             | 2030-09-10      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE                                                            | Petrobras Global Finance BV                                                           | CUSIP: 71647NBN8<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    506000 | PA      | $499100.30    | 0.21%             | 2036-01-10      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PHILLIPS 66 CO                                                                      | Phillips 66 Co                                                                        | CUSIP: 718547AZ5<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |    714000 | PA      | $709740.35    | 0.29%             | 2056-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                                                            | Plains All American Pipeline LP / PAA Finance Corp                                    | CUSIP: 72650RBR2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    204000 | PA      | $204446.07    | 0.08%             | 2031-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                         | Prologis LP                                                                           | CUSIP: 74340XCQ2<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              |  | US        |    299000 | PA      | $305214.12    | 0.13%             | 2031-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                                                            | Prudential Financial Inc                                                              | CUSIP: 74432QCK9<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    545000 | PA      | $559773.61    | 0.23%             | 2035-03-14      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE COLORADO                                                             | Public Service Co of Colorado                                                         | CUSIP: 744448DC2<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1015325.68   | 0.42%             | 2035-09-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2024-INV2                                                         | CUSIP: 749425AB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    969501 | PA      | $974689.92    | 0.40%             | 2054-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                                                          | ROCK Trust 2024-CNTR                                                                  | CUSIP: 74970WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1643000 | PA      | $1686238.01   | 0.70%             | 2041-11-13      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                                                          | ROCK Trust 2024-CNTR                                                                  | CUSIP: 74970WAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1034649.50   | 0.43%             | 2041-11-13      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                                                          | ROCK Trust 2024-CNTR                                                                  | CUSIP: 74970WAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    450000 | PA      | $467812.62    | 0.19%             | 2041-11-13      | Fixed         | 6.47%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                                                          | ROCK Trust 2024-CNTR                                                                  | CUSIP: 74970WAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $316587.30    | 0.13%             | 2041-11-13      | Fixed         | 8.82%                 | No            |                  2 | On Loan: No      |
| Race Point CLO Ltd                                                                  | Race Point X CLO Ltd                                                                  | CUSIP: 74983DAW7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    759634 | PA      | $760730.15    | 0.31%             | 2031-07-25      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                                                              | RR 35 LTD                                                                             | CUSIP: 74988DAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $602528.40    | 0.25%             | 2040-01-15      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| RAYMOND JAMES FINANCIAL                                                             | Raymond James Financial Inc                                                           | CUSIP: 754730AK5<br>LEI: RGUZHJ05YTITL6D76949 | Long             | DBT              | CORP              | US        |    165000 | PA      | $162653.36    | 0.07%             | 2055-09-11      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                                                               | RIO TINTO FIN USA PLC                                                                 | CUSIP: 76720AAW6<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    326000 | PA      | $341188.30    | 0.14%             | 2065-03-14      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                                | Royal Bank of Canada                                                                  | CUSIP: 780082AT0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    750000 | PA      | $740822.48    | 0.31%             | 2084-11-24      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| SLG Office Trust                                                                    | SLG Office Trust 2021-OVA                                                             | CUSIP: 78449RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $892093.10    | 0.37%             | 2041-07-15      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust                                                      | SWCH Commercial Mortgage Trust 2025-DATA                                              | CUSIP: 78489CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $496875.00    | 0.21%             | 2042-02-15      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                                                                | Saudi Arabian Oil Co                                                                  | CUSIP: 80414L3F0<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    410000 | PA      | $442018.52    | 0.18%             | 2055-06-02      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                                                 | Charles Schwab Corp/The                                                               | CUSIP: 808513BJ3<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1406734.50   | 0.58%             | N/A             | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                                                              | Sempra                                                                                | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $975309.70    | 0.40%             | 2052-04-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SIEMENS FUNDING BV                                                                  | Siemens Funding BV                                                                    | CUSIP: 82622RAE6<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |    337000 | PA      | $349060.86    | 0.14%             | 2035-05-28      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SIERRA PACIFIC POWER CO                                                             | Sierra Pacific Power Co                                                               | CUSIP: 826418BQ7<br>LEI: QB888G5GSVGE1LD1WV84 | Long             | DBT              | CORP              | US        |    240000 | PA      | $244521.38    | 0.10%             | 2054-03-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO LTD.                                                               | Sixth Street CLO XIV Ltd                                                              | CUSIP: 83013NAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $996951.00    | 0.41%             | 2038-01-20      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                                    | Societe Generale SA                                                                   | CUSIP: 83368RCG5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    754000 | PA      | $775283.71    | 0.32%             | 2031-05-22      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST AIRLINES CO                                                               | Southwest Airlines Co                                                                 | CUSIP: 844741BL1<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $997659.03    | 0.41%             | 2028-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                                                                  | Expand Energy Corp                                                                    | CUSIP: 845467AR0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    585000 | PA      | $585243.85    | 0.24%             | 2029-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN PUBLIC SERV                                                            | Southwestern Public Service Co                                                        | CUSIP: 845743BX0<br>LEI: OL6FE7QD5EQ3DOYEO258 | Long             | DBT              | CORP              | US        |    435000 | PA      | $453346.79    | 0.19%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                                           | Block Inc                                                                             | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    895000 | PA      | $915133.92    | 0.38%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                              | Standard Chartered PLC                                                                | CUSIP: 85325C2A9<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    777000 | PA      | $791403.65    | 0.33%             | 2030-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                                             | Starwood Property Trust Inc                                                           | CUSIP: 85571BBF1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    346000 | PA      | $347253.56    | 0.14%             | 2028-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                                                   | State Street Corp                                                                     | CUSIP: 857477CS0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    544000 | PA      | $565235.04    | 0.23%             | N/A             | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                                                                        | Stryker Corp                                                                          | CUSIP: 863667BM2<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    646000 | PA      | $665771.26    | 0.28%             | 2035-02-10      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                            | Sumitomo Mitsui Financial Group Inc                                                   | CUSIP: 86562MDW7<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    350000 | PA      | $359435.65    | 0.15%             | N/A             | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                                           | Sunoco LP                                                                             | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    235000 | PA      | $239962.26    | 0.10%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                                           | Sunoco LP                                                                             | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     72000 | PA      | $72046.44     | 0.03%             | 2031-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                                                              | Switch ABS Issuer LLC                                                                 | CUSIP: 871044AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $501822.90    | 0.21%             | 2054-06-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| SYCA Commercial Mortgage Trust 2025-WAG                                             | SYCA Commercial Mortgage Trust 2025-WAG                                               | CUSIP: 87114AAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $996083.32    | 0.41%             | 2030-11-10      | Variable      | 5.26%                 | No            |                  2 | On Loan: No      |
| SYCA Commercial Mortgage Trust 2025-WAG                                             | SYCA Commercial Mortgage Trust 2025-WAG                                               | CUSIP: 87114AAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $996131.29    | 0.41%             | 2030-11-10      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| TD SYNNEX CORP                                                                      | TD SYNNEX Corp                                                                        | CUSIP: 87162WAM2<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $997173.02    | 0.41%             | 2029-01-17      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                                                 | Synchrony Financial                                                                   | CUSIP: 87165BAW3<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    620000 | PA      | $630679.67    | 0.26%             | 2031-03-06      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                                                                   | Sysco Corp                                                                            | CUSIP: 871829BV8<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    309000 | PA      | $319672.50    | 0.13%             | 2035-03-23      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CARLYLE SECURED LENDING                                                             | Carlyle Secured Lending Inc                                                           | CUSIP: 872280AB8<br>LEI: 5493003POT0JT6WD1D83 | Long             | DBT              | CORP              | US        |    750000 | PA      | $733651.08    | 0.30%             | 2031-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TICP CLO Ltd                                                                        | TICP CLO XI Ltd                                                                       | CUSIP: 87249QAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501159.00    | 0.21%             | 2037-04-25      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                                    | T-Mobile USA Inc                                                                      | CUSIP: 87264ADT9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    390000 | PA      | $398908.98    | 0.16%             | 2035-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                                    | T-Mobile USA Inc                                                                      | CUSIP: 87264ADU6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    500000 | PA      | $507165.62    | 0.21%             | 2055-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Taco Bell Funding, LLC                                                              | Taco Bell Funding LLC                                                                 | CUSIP: 87342RAL8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1875000 | PA      | $1870826.81   | 0.77%             | 2055-08-25      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                                                            | Targa Resources Partners LP / Targa Resources Partners Finance Corp                   | CUSIP: 87612BBG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $800770.20    | 0.33%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                           | Towd Point Mortgage Trust 2025-CRM1                                                   | CUSIP: 891946AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    425252 | PA      | $429444.90    | 0.18%             | 2065-01-25      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| 20 TSQ GroundCo LLC                                                                 | 20 Times Square Trust 2018-20TS                                                       | CUSIP: 90137LAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $471250.00    | 0.19%             | 2035-05-15      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| 20 TSQ GroundCo LLC                                                                 | 20 Times Square Trust 2018-20TS                                                       | CUSIP: 90137LAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $468750.00    | 0.19%             | 2035-05-15      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                        | UBS Group AG                                                                          | CUSIP: 902613AD0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    301000 | PA      | $272104.21    | 0.11%             | N/A             | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                                       | UBS Commercial Mortgage Trust 2017-C4                                                 | CUSIP: 90276RBD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     91103 | PA      | $89705.46     | 0.04%             | 2050-10-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                                               | Mexico Government International Bonds                                                 | CUSIP: 91087BAZ3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    440000 | PA      | $450252.00    | 0.19%             | 2036-05-07      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                                               | Mexico Government International Bond                                                  | CUSIP: 91087BBJ8<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    538000 | PA      | $533911.20    | 0.22%             | 2031-03-22      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                                               | Mexico Government International Bond                                                  | CUSIP: 91087BBK5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    384000 | PA      | $383692.80    | 0.16%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE                                                               | United Parcel Service Inc                                                             | CUSIP: 911312CK0<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    545000 | PA      | $571065.33    | 0.24%             | 2055-05-14      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Bills                                                                   | CUSIP: 912797RG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   1430000 | PA      | $1390444.29   | 0.58%             | 2026-08-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Bonds                                                                   | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2454200 | PA      | $2436176.97   | 1.01%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Bonds                                                                   | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3294000 | PA      | $3339807.19   | 1.38%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                                   | CUSIP: 91282CNN7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2157700 | PA      | $2173798.47   | 0.90%             | 2030-07-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                                   | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3849100 | PA      | $3897213.75   | 1.61%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                              | UnitedHealth Group Inc                                                                | CUSIP: 91324PFJ6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    368000 | PA      | $378216.07    | 0.16%             | 2034-07-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                                            | Venture Global Calcasieu Pass LLC                                                     | CUSIP: 92328MAC7<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    560000 | PA      | $494260.03    | 0.20%             | 2033-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                                                                     | Venture XXVII CLO Ltd                                                                 | CUSIP: 92331LBC3<br>LEI: 549300JZGSLL2771YV05 | Long             | ABS-CBDO         | CORP              | KY        |     10968 | PA      | $10973.00     | 0.00%             | 2030-07-20      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                              | Verizon Communications Inc                                                            | CUSIP: 92343VFT6<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    117000 | PA      | $83764.95     | 0.03%             | 2040-11-20      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                              | Verizon Communications Inc                                                            | CUSIP: 92343VGC2<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    132000 | PA      | $91968.96     | 0.04%             | 2061-03-22      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                              | Verizon Communications Inc                                                            | CUSIP: 92343VGL2<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    150000 | PA      | $108445.62    | 0.04%             | 2041-09-03      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| VIDEOTRON LTD                                                                       | Videotron Ltd                                                                         | CUSIP: 92660FAT1<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |    555000 | PA      | $567694.18    | 0.23%             | 2035-01-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                                                  | Viking Cruises Ltd                                                                    | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    116000 | PA      | $117921.73    | 0.05%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                            | Volkswagen Group of America Finance LLC                                               | CUSIP: 928668CW0<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    500000 | PA      | $501693.48    | 0.21%             | 2028-09-11      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                               | Wells Fargo & Co                                                                      | CUSIP: 95000U3V3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    550000 | PA      | $577977.72    | 0.24%             | 2036-04-23      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Western Alliance Bank                                                               | Western Alliance Bank                                                                 | CUSIP: 95763PNC1<br>LEI: SI7YQSVPFZBSQ878IC17 | Long             | ABS-MBS          | CORP              | US        |   1056704 | PA      | $1109352.30   | 0.46%             | 2059-07-25      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                                                            | Western Midstream Operating LP                                                        | CUSIP: 958667AG2<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    320000 | PA      | $319407.01    | 0.13%             | 2034-11-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Wingstop Funding LLC                                                                | Wingstop Funding LLC                                                                  | CUSIP: 974153AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $308922.06    | 0.13%             | 2054-12-05      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| DWS                                                                                 | DWS Central Cash Management Government Fund                                           | CUSIP: 25160K306<br>LEI: 5493003GD84DGSXJ7618 | Long             | STIV             | RF                | US        |   6795426 | NS      | $6795426.45   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOETIS INC                                                                          | Zoetis Inc                                                                            | CUSIP: 98978VAX1<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |    291000 | PA      | $293994.27    | 0.12%             | 2035-08-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                              | US 10YR NOTE (CBT)DEC25                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       186 | NC      | $107700.18    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                              | US 10YR ULTRA FUT DEC25                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -117 | NC      | $-162863.36   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                              | US ULTRA BOND CBT DEC25                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       138 | NC      | $595977.17    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                              | US LONG BOND(CBT) DEC25                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        18 | NC      | $54498.45     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                              | US 2YR NOTE (CBT) DEC25                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       152 | NC      | $-19375.13    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                              | US 5YR NOTE (CBT) DEC25                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       166 | NC      | $-14370.87    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

**Name of Applicant:** DEUTSCHE DWS PORTFOLIO TRUST

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer