# EDGAR Filing Document

**Accession Number:** 0000356476
**File Stem:** 0001193125-26-050252
**Filing Date:** 2026-2
**Character Count:** 653903
**Document Hash:** 8917e0a54558c3ca48373653736cf535
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-050252.hdr.sgml**: 20260213

**ACCESSION NUMBER**: 0001193125-26-050252

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260213

**DATE AS OF CHANGE**: 20260213

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EMPOWER FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000356476

**ORGANIZATION NAME:**
- **EIN:** 840876044
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03364
- **FILM NUMBER:** 26629794

**BUSINESS ADDRESS:**
- **STREET 1:** 8515 E ORCHARD ROAD
- **CITY:** GREENWOOD VILLAGE
- **STATE:** CO
- **ZIP:** 80111
- **BUSINESS PHONE:** 303-737-3000

**MAIL ADDRESS:**
- **STREET 1:** 8515 E ORCHARD ROAD
- **CITY:** GREENWOOD VILLAGE
- **STATE:** CO
- **ZIP:** 80111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GREAT-WEST FUNDS INC
- **DATE OF NAME CHANGE:** 20121005

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAXIM SERIES FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Empower Core Bond Fund (Series ID: S000023755)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000069832 | Investor Class      | MXFDX           |
| C000155781 | Institutional Class | MXIUX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** EMPOWER FUNDS, INC.

- **b. Investment Company Act file number:** 811-03364

- **c. CIK number of Registrant:** 0000356476

- **d. LEI of Registrant:** RUYOMHMDMSPQ01U66388

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

  - **Street Address 1:** 8515 E Orchard Road

  - **City:** Greenwood Village

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80111

  - **Telephone number:** 866-831-7129

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

- **a. Name of Series:** Empower Core Bond Fund

- **b. EDGAR series identifier (if any):** S000023755

- **c. LEI of Series:** YYRPT0RYF3AOXJJQS039

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $832678941.64

**Total Liabilities:** $93453935.36

**Net Assets:** $739225006.28

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 443.025062893418 | **1-Year:** 15164.445935707985 | **5-Year:** 105436.268030677543 | **10-Year:** 115922.593813821096 | **30-Year:** 20047.536031308708

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

- **3-Month:** 60.510723307496 | **1-Year:** 130.150724011904 | **5-Year:** 37.833800488037 | **10-Year:** 27.988645118637 | **30-Year:** 1.690862092563

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000069832 | 0.70%                | 0.49%                | -0.20%               |
| Class ID C000155781 | 0.69%                | 0.57%                | -0.13%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3126929.85             | $2129663.04                                |
| Month 2  | $-2597605.40             | $1464536.68                                |
| Month 3  | $-2849149.36             | $-4535081.00                               |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** YYRPT0RYF3AOXJJQS039

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Dreyfus Instl Resv                                                                   | Dreyfus Instl Resv PFD GOVT INSTL                     | CUSIP: 26200X100<br>LEI: 549300FG0OZ5YKPLK622 | Long             | STIV             | RF                | US        |  11179701 | PA      | $11179701.09  | 1.51%             | 2026-01-01      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| STANDRD CHARTERED BANK                                                               | STANDRD CHARTERED BANK                                | CUSIP: 789456128<br>LEI: N/A                  | Long             | DFE              | CORP              | N/A       |         1 | NC      | $3295495.53   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                    | RCV 1.00 PAY 100.00 12/20/2029                        | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | Long             | DCR              |  | US        |         0 | OU      | $258245.00    | 0.03%             | 2029-12-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES INC                                                             | JP MORGAN SECURITIES INC                              | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $23402.83     | 0.00%             | 2028-09-10      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                          | BNP PARIBAS                                           | CUSIP: N/A<br>LEI: RCNB6OTYUAMMP879YW96       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $-24734.20    | -0.00%            | 2036-03-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES INC                                                             | JP MORGAN SECURITIES INC                              | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | DIR              | CORP              | N/A       |      4969 | OU      | $-28094.77    | -0.00%            | 2035-05-15      | Floating      | 2.14%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA                                                                      | BANK OF AMERICA                                       | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | Long             | DIR              | CORP              | N/A       |      1376 | OU      | $14948.68     | 0.00%             | 2027-12-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| CITICORP                                                                             | CITICORP                                              | CUSIP: N/A<br>LEI: QPS8EHCG23QLMHJF6E93       | Long             | DIR              | CORP              | N/A       |    100660 | OU      | $171744.36    | 0.02%             | 2034-08-02      | Fixed         | 1.29%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK                                                                        | DEUTSCHE BANK                                         | CUSIP: N/A<br>LEI: 9J6MBOOO7BECTDTUZW19       | Long             | DIR              | CORP              | N/A       |    317984 | OU      | $353449.13    | 0.05%             | 2036-03-18      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES INC                                                             | JP MORGAN SECURITIES INC                              | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | DIR              | CORP              | N/A       |     32696 | OU      | $30307.14     | 0.00%             | 2032-05-21      | Floating      | 3.71%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES INC                                                             | JP MORGAN SECURITIES INC                              | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | DIR              | CORP              | N/A       |      5354 | OU      | $25176.08     | 0.00%             | 2027-12-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                       | MORGAN STANLEY                                        | CUSIP: N/A<br>LEI: IGJSJL3JD5P30I6NJZ34       | Long             | DIR              | CORP              | N/A       |      3458 | OU      | $-12251.94    | -0.00%            | 2028-10-07      | Floating      | 3.71%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                    | RCV 1.00 PAY 100.00 06/20/2029                        | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | Long             | DCR              |  | US        |         0 | OU      | $141042.38    | 0.02%             | 2029-06-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                    | RCV 1.00 PAY 100.00 12/20/2030                        | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | Long             | DCR              |  | US        |         0 | OU      | $555990.89    | 0.08%             | 2030-12-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK                                                                        | DEUTSCHE BANK                                         | CUSIP: N/A<br>LEI: 9J6MBOOO7BECTDTUZW19       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $-85530.87    | -0.01%            | 2056-03-18      | Floating      | 0.73%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES INC                                                             | JP MORGAN SECURITIES INC                              | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $34056.12     | 0.00%             | 2035-11-27      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS                                                                  | RBC CAPITAL MARKETS                                   | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Long             | DIR              | CORP              | N/A       |      1114 | OU      | $590.05       | 0.00%             | 2028-03-18      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES INC                                                             | JP MORGAN SECURITIES INC                              | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | DIR              | CORP              | N/A       |      5956 | OU      | $-10298.80    | -0.00%            | 2045-03-19      | Fixed         | 4.16%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                    | BARCLAYS BANK PLC                                     | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | Long             | DIR              | CORP              | N/A       |     74440 | OU      | $73313.37     | 0.01%             | 2036-03-18      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                    | BARCLAYS BANK PLC                                     | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $17185.17     | 0.00%             | 2075-08-16      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                       | MORGAN STANLEY                                        | CUSIP: N/A<br>LEI: IGJSJL3JD5P30I6NJZ34       | Long             | DIR              | CORP              | N/A       |     65364 | OU      | $204125.03    | 0.03%             | 2055-08-13      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                    | BARCLAYS BANK PLC                                     | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $-97998.21    | -0.01%            | 2031-03-18      | Floating      | 2.09%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                    | BARCLAYS BANK PLC                                     | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $-117149.70   | -0.02%            | 2028-03-18      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK                                                                        | DEUTSCHE BANK                                         | CUSIP: N/A<br>LEI: 9J6MBOOO7BECTDTUZW19       | Long             | DIR              | CORP              | N/A       |     46917 | OU      | $98015.08     | 0.01%             | 2056-08-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                       | MORGAN STANLEY                                        | CUSIP: N/A<br>LEI: IGJSJL3JD5P30I6NJZ34       | Long             | DIR              | CORP              | N/A       |      2461 | OU      | $-45997.03    | -0.01%            | 2029-08-11      | Floating      | 2.09%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                    | BARCLAYS BANK PLC                                     | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | Long             | DIR              | CORP              | N/A       |     10034 | OU      | $-45737.10    | -0.01%            | 2055-08-15      | Floating      | 2.10%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK                                                                        | DEUTSCHE BANK                                         | CUSIP: N/A<br>LEI: 9J6MBOOO7BECTDTUZW19       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $-88355.11    | -0.01%            | 2035-02-15      | Floating      | 1.93%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES INC                                                             | JP MORGAN SECURITIES INC                              | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $-149903.82   | -0.02%            | 2028-09-10      | Floating      | 1.93%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                       | MORGAN STANLEY                                        | CUSIP: N/A<br>LEI: IGJSJL3JD5P30I6NJZ34       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $-413899.46   | -0.06%            | 2056-03-19      | Floating      | 1.93%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                          | BNP PARIBAS                                           | CUSIP: N/A<br>LEI: RCNB6OTYUAMMP879YW96       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $-46199.60    | -0.01%            | 2031-01-30      | Floating      | 3.71%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                          | BNP PARIBAS                                           | CUSIP: N/A<br>LEI: RCNB6OTYUAMMP879YW96       | Long             | DIR              | CORP              | N/A       |    126682 | OU      | $146880.89    | 0.02%             | 2030-10-27      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                       | MORGAN STANLEY                                        | CUSIP: N/A<br>LEI: IGJSJL3JD5P30I6NJZ34       | Long             | DIR              | CORP              | N/A       |     44004 | OU      | $87656.58     | 0.01%             | 2056-01-30      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                          | BNP PARIBAS                                           | CUSIP: N/A<br>LEI: RCNB6OTYUAMMP879YW96       | Long             | DIR              | CORP              | N/A       |     29257 | OU      | $22022.78     | 0.00%             | 2035-10-28      | Floating      | 3.73%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                       | MORGAN STANLEY                                        | CUSIP: N/A<br>LEI: IGJSJL3JD5P30I6NJZ34       | Long             | DIR              | CORP              | N/A       |    175941 | OU      | $491242.72    | 0.07%             | 2056-03-19      | Fixed         | 2.61%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                          | BNP PARIBAS                                           | CUSIP: N/A<br>LEI: RCNB6OTYUAMMP879YW96       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $-20914.34    | -0.00%            | 2028-10-27      | Floating      | 3.73%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES INC                                                             | JP MORGAN SECURITIES INC                              | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $-32061.78    | -0.00%            | 2030-06-23      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES INC                                                             | JP MORGAN SECURITIES INC                              | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | DIR              | CORP              | N/A       |     28938 | OU      | $-2525.32     | -0.00%            | 2035-06-24      | Floating      | 3.71%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES INC                                                             | JP MORGAN SECURITIES INC                              | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | DIR              | CORP              | N/A       |     56483 | OU      | $35315.76     | 0.00%             | 2028-06-23      | Floating      | 3.71%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE                                                                      | CREDIT AGRICOLE                                       | CUSIP: N/A<br>LEI: 969500TJ5KRTCJQWXH05       | Long             | DIR              | CORP              | N/A       |      3251 | OU      | $2326.95      | 0.00%             | 2028-03-18      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CITIBANK NY                                                                          | CITIBANK NY                                           | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | Long             | DIR              | CORP              | N/A       |      1815 | OU      | $-30510.83    | -0.00%            | 2035-11-27      | Floating      | 3.86%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                                                      | DANSKE BANK A/S                                       | CUSIP: N/A<br>LEI: MAES062Z21O4RZ2U7M96       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $-64702.06    | -0.01%            | 2028-03-18      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                                                                  | WELLS FARGO BANK NA                                   | CUSIP: N/A<br>LEI: KB1H1DSPRFMYMCUFXT09       | Long             | DIR              | CORP              | N/A       |       702 | OU      | $25337.60     | 0.00%             | 2036-08-31      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                                                                  | WELLS FARGO BANK NA                                   | CUSIP: N/A<br>LEI: KB1H1DSPRFMYMCUFXT09       | Long             | DIR              | CORP              | N/A       |      2157 | OU      | $12358.43     | 0.00%             | 2027-08-31      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK                                                                        | DEUTSCHE BANK                                         | CUSIP: N/A<br>LEI: 9J6MBOOO7BECTDTUZW19       | Long             | DIR              | CORP              | N/A       |      9233 | OU      | $7873.17      | 0.00%             | 2028-03-18      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK                                                                        | DEUTSCHE BANK                                         | CUSIP: N/A<br>LEI: 9J6MBOOO7BECTDTUZW19       | Long             | DIR              | CORP              | N/A       |     66356 | OU      | $104672.08    | 0.01%             | 2028-03-18      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK                                                                        | DEUTSCHE BANK                                         | CUSIP: N/A<br>LEI: 9J6MBOOO7BECTDTUZW19       | Long             | DIR              | CORP              | N/A       |    189599 | OU      | $230123.97    | 0.03%             | 2031-03-18      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| CITICORP                                                                             | CITICORP                                              | CUSIP: N/A<br>LEI: QPS8EHCG23QLMHJF6E93       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $-350856.42   | -0.05%            | 2044-08-02      | Floating      | 0.73%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                          | BNP PARIBAS                                           | CUSIP: N/A<br>LEI: RCNB6OTYUAMMP879YW96       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $-125063.11   | -0.02%            | 2031-03-18      | Floating      | 3.68%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK                                                                        | DEUTSCHE BANK                                         | CUSIP: N/A<br>LEI: 9J6MBOOO7BECTDTUZW19       | Long             | DIR              | CORP              | N/A       |     38447 | OU      | $38757.19     | 0.01%             | 2036-03-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                                                                  | WELLS FARGO BANK NA                                   | CUSIP: N/A<br>LEI: KB1H1DSPRFMYMCUFXT09       | Long             | DIR              | CORP              | N/A       |     51037 | OU      | $-78991.96    | -0.01%            | 2031-08-31      | Floating      | 3.71%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                       | MORGAN STANLEY                                        | CUSIP: N/A<br>LEI: IGJSJL3JD5P30I6NJZ34       | Long             | DIR              | CORP              | N/A       |     19512 | OU      | $21707.19     | 0.00%             | 2028-03-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                              | GOLDMAN SACHS GROUP INC                               | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Long             | DIR              | CORP              | N/A       |      6341 | OU      | $92934.64     | 0.01%             | 2053-03-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                              | GOLDMAN SACHS GROUP INC                               | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $55162.34     | 0.01%             | 2053-06-21      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                              | GOLDMAN SACHS GROUP INC                               | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Long             | DIR              | CORP              | N/A       |      2888 | OU      | $63831.08     | 0.01%             | 2053-09-20      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                              | GOLDMAN SACHS GROUP INC                               | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Long             | DIR              | CORP              | N/A       |      2962 | OU      | $242611.45    | 0.03%             | 2053-03-15      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES INC                                                             | JP MORGAN SECURITIES INC                              | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | DIR              | CORP              | N/A       |    157309 | OU      | $160084.30    | 0.02%             | 2056-03-18      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES INC                                                             | JP MORGAN SECURITIES INC                              | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $-60263.25    | -0.01%            | 2046-03-18      | Floating      | 2.09%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES INC                                                             | JP MORGAN SECURITIES INC                              | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $-20658.92    | -0.00%            | 2036-03-18      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA                                                                      | BANK OF AMERICA                                       | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | Long             | DIR              | CORP              | N/A       |     95494 | OU      | $147386.25    | 0.02%             | 2028-03-18      | Floating      | 3.73%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA                                                                      | BANK OF AMERICA                                       | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | Long             | DIR              | CORP              | N/A       |     20623 | OU      | $16139.54     | 0.00%             | 2036-03-18      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA                                                                      | BANK OF AMERICA                                       | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | Long             | DIR              | CORP              | N/A       |       480 | OU      | $-24751.38    | -0.00%            | 2039-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                                                                  | WELLS FARGO BANK NA                                   | CUSIP: N/A<br>LEI: KB1H1DSPRFMYMCUFXT09       | Long             | DIR              | CORP              | N/A       |     19947 | OU      | $-52783.76    | -0.01%            | 2040-07-16      | Floating      | 3.71%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                                                                  | WELLS FARGO BANK NA                                   | CUSIP: N/A<br>LEI: KB1H1DSPRFMYMCUFXT09       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $-4220.89     | -0.00%            | 2030-07-15      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA                                                                      | BANK OF AMERICA                                       | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $-66130.96    | -0.01%            | 2028-03-18      | Floating      | 1.93%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA                                                                      | BANK OF AMERICA                                       | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | Long             | DIR              | CORP              | N/A       |      8314 | OU      | $13209.55     | 0.00%             | 2031-03-18      | Floating      | 3.73%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                                                                  | WELLS FARGO BANK NA                                   | CUSIP: N/A<br>LEI: KB1H1DSPRFMYMCUFXT09       | Long             | DIR              | CORP              | N/A       |     70979 | OU      | $126045.07    | 0.02%             | 2055-07-17      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                       | MORGAN STANLEY                                        | CUSIP: N/A<br>LEI: IGJSJL3JD5P30I6NJZ34       | Long             | DIR              | CORP              | N/A       |     16385 | OU      | $16305.85     | 0.00%             | 2076-03-18      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                       | MORGAN STANLEY                                        | CUSIP: N/A<br>LEI: IGJSJL3JD5P30I6NJZ34       | Long             | DIR              | CORP              | N/A       |      3088 | OU      | $47884.46     | 0.01%             | 2032-10-10      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                       | MORGAN STANLEY                                        | CUSIP: N/A<br>LEI: IGJSJL3JD5P30I6NJZ34       | Long             | DIR              | CORP              | N/A       |      2290 | OU      | $-43013.42    | -0.01%            | 2040-10-09      | Floating      | 3.71%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                       | MORGAN STANLEY                                        | CUSIP: N/A<br>LEI: IGJSJL3JD5P30I6NJZ34       | Long             | DIR              | CORP              | N/A       |      4547 | OU      | $6347.80      | 0.00%             | 2036-03-18      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK                                                                        | DEUTSCHE BANK                                         | CUSIP: N/A<br>LEI: 9J6MBOOO7BECTDTUZW19       | Long             | DIR              | CORP              | N/A       |     49740 | OU      | $54978.28     | 0.01%             | 2055-05-21      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                       | MORGAN STANLEY                                        | CUSIP: N/A<br>LEI: IGJSJL3JD5P30I6NJZ34       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $1816.46      | 0.00%             | 2036-03-18      | Floating      | 1.85%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS                                                                  | RBC CAPITAL MARKETS                                   | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Long             | DIR              | CORP              | N/A       |     15152 | OU      | $17332.18     | 0.00%             | 2028-03-18      | Floating      | 3.73%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                                                                  | WELLS FARGO BANK NA                                   | CUSIP: N/A<br>LEI: KB1H1DSPRFMYMCUFXT09       | Long             | DIR              | CORP              | N/A       |        80 | OU      | $89.37        | 0.00%             | 2028-03-18      | Floating      | 2.30%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                                                 | WESTPAC BANKING CORP                                  | CUSIP: N/A<br>LEI: EN5TNI6CI43VEPAMHL14       | Long             | DIR              | CORP              | N/A       |     24430 | OU      | $23865.70     | 0.00%             | 2028-03-18      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS                                                                  | RBC CAPITAL MARKETS                                   | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $-8816.44     | -0.00%            | 2036-03-18      | Floating      | 2.30%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                                                 | WESTPAC BANKING CORP                                  | CUSIP: N/A<br>LEI: EN5TNI6CI43VEPAMHL14       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $-24700.43    | -0.00%            | 2031-03-18      | Floating      | 2.49%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                                                 | WESTPAC BANKING CORP                                  | CUSIP: N/A<br>LEI: EN5TNI6CI43VEPAMHL14       | Long             | DIR              | CORP              | N/A       |         0 | OU      | $-20764.52    | -0.00%            | 2036-03-18      | Floating      | 2.49%                 | No            |                  2 | On Loan: No      |
| AGL CLO I Ltd.                                                                       | AGL 2025-44A A                                        | CUSIP: 00121RAA2<br>LEI: 5493005XHETQNZF9TM25 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | NS      | $1498615.50   | 0.20%             | 2037-10-22      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| AMSR 2024-SFR2 TRUST                                                                 | AMSR 2024-SFR2 A                                      | CUSIP: 00179UAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    195000 | NS      | $192445.95    | 0.03%             | 2041-11-19      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Agco Corporation                                                                     | AGCO 5.8 03/21/34                                     | CUSIP: 001084AS1<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | DBT              | CORP              | US        |    160000 | NS      | $167483.22    | 0.02%             | 2034-03-21      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                             | T 4.35 03/01/29                                       | CUSIP: 00206RHJ4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    690000 | NS      | $693596.56    | 0.09%             | 2029-03-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Co. / AerCap Global Aviation Trust (AER)  | AER 3.3 01/30/32                                      | CUSIP: 00774MAX3<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    300000 | NS      | $276995.84    | 0.04%             | 2032-01-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Adventist Health Systems (West)                                                      | ADVENT 5.757 12/01/34                                 | CUSIP: 007944AK7<br>LEI: 5493008YM33UCY5QPW83 | Long             | DBT              | CORP              | US        |    175000 | NS      | $180484.64    | 0.02%             | 2034-12-01      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                           | AMGN 5.25 03/02/30                                    | CUSIP: 031162DQ0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    457000 | NS      | $474012.44    | 0.06%             | 2030-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corp.                                                    | BK V5.06 07/22/32                                     | CUSIP: 06406RBZ9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    150000 | NS      | $155465.95    | 0.02%             | 2032-07-22      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| Benchmark 2020-B16 Mortgage Trust                                                    | BMARK 2020-B18 XA                                     | CUSIP: 08163AAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    514321 | NS      | $25293.59     | 0.00%             | 2053-07-17      | Variable      | 1.73%                 | No            |                  2 | On Loan: No      |
| BRIDGECREST LENDING AUTO SECURITIZA                                                  | BLAST 2025-4 B                                        | CUSIP: 10807UAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    375000 | NS      | $375157.81    | 0.05%             | 2031-08-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC                                                              | SORT 2020-1 A2                                        | CUSIP: 12530MAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     85819 | NS      | $71952.98     | 0.01%             | 2060-07-15      | Fixed         | 1.99%                 | No            |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC                                                              | SORT 2021-1A A1                                       | CUSIP: 12530MAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     93133 | NS      | $75178.48     | 0.01%             | 2061-03-15      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| The Cigna Group                                                                      | CI 4.875 09/15/32                                     | CUSIP: 125523CY4<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    260000 | NS      | $263383.23    | 0.04%             | 2032-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Csmc Trust 2017                                                                      | CSMC 2017-FHA1 A1                                     | CUSIP: 12651RAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     23347 | NS      | $21570.35     | 0.00%             | 2047-04-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| CSMC 2020-West                                                                       | CSMC 2021-RPL4 A1                                     | CUSIP: 12662GAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    215401 | NS      | $214569.19    | 0.03%             | 2060-12-27      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                      | CVS 1.875 02/28/31                                    | CUSIP: 126650DQ0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     80000 | NS      | $70191.66     | 0.01%             | 2031-02-28      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Cardinal Health, Inc.                                                                | CAH 4.5 09/15/30                                      | CUSIP: 14149YBU1<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |    515000 | NS      | $519879.02    | 0.07%             | 2030-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 2.937 11/01/56                                  | CUSIP: 20030NDU2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    221000 | NS      | $124174.36    | 0.02%             | 2056-11-01      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| ConocoPhillips Co.                                                                   | COP 5.3 05/15/53                                      | CUSIP: 20826FBE5<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |     50000 | NS      | $46577.48     | 0.01%             | 2053-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR ZI1003                                             | CUSIP: 3131WDDG8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1544 | NS      | $1583.67      | 0.00%             | 2033-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD0295                                             | CUSIP: 3132DMKG9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    703816 | NS      | $643879.50    | 0.09%             | 2049-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD8238                                             | CUSIP: 3132DWEK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    648812 | NS      | $636375.81    | 0.09%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR QD7534                                             | CUSIP: 3133B5LP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    671522 | NS      | $549735.06    | 0.07%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RA8213                                             | CUSIP: 3133KQDS2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    259974 | NS      | $271619.16    | 0.04%             | 2052-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2012-18 GA                                        | CUSIP: 3136A4TG4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     19803 | NS      | $18751.63     | 0.00%             | 2041-12-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2013-9 PT                                         | CUSIP: 3136ABSM6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     10373 | NS      | $10138.35     | 0.00%             | 2028-02-25      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FHR 3883 PB                                           | CUSIP: 3137ABM24<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     12276 | NS      | $11844.10     | 0.00%             | 2041-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BU1340                                             | CUSIP: 3140M2P22<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     29105 | NS      | $23544.57     | 0.00%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2022-DNA7                                              | STACR 2022-DNA4 M1B                                   | CUSIP: 35564KWT2<br>LEI: 5493000IRUQLXTG4SV18 | Long             | ABS-O            | USGSE             | US        |    250000 | NS      | $257970.00    | 0.03%             | 2042-05-27      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2022-DNA7                                              | STACR 2023-HQA1 M1B                                   | CUSIP: 35564KX87<br>LEI: 5493000IRUQLXTG4SV18 | Long             | ABS-O            | USGSE             | US        |    160000 | NS      | $167585.45    | 0.02%             | 2043-05-26      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA9668                                             | CUSIP: 36179YW59<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2472874 | NS      | $2501616.75   | 0.34%             | 2054-05-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company Inc                                                 | General Motors Financial Company Inc 0% CP 26/01/2026 | CUSIP: 37046UAS0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | STIV             | CORP              | US        |   1571000 | NS      | $1566522.50   | 0.21%             | 2026-01-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V5.049 07/23/30                                    | CUSIP: 38141GB29<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    285000 | NS      | $292014.91    | 0.04%             | 2030-07-23      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC V5.13 03/03/31                                   | CUSIP: 404280ER6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    350000 | NS      | $358695.69    | 0.05%             | 2031-03-03      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co.                                                       | HPE 5.6 10/15/54                                      | CUSIP: 42824CBW8<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    355000 | NS      | $328907.12    | 0.04%             | 2054-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Humana Inc.                                                                          | HUM 5.375 04/15/31                                    | CUSIP: 444859CA8<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    350000 | NS      | $361859.65    | 0.05%             | 2031-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| IRV TRUST 2025-200P                                                                  | IRV 2025-200P A                                       | CUSIP: 45006HAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | NS      | $718232.56    | 0.10%             | 2047-03-14      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| Intuit Inc                                                                           | INTU 1.35 07/15/27                                    | CUSIP: 46124HAC0<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | DBT              | CORP              | US        |    500000 | NS      | $482919.00    | 0.07%             | 2027-07-15      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V5.581 04/22/30                                   | CUSIP: 46647PEG7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    280000 | NS      | $292103.63    | 0.04%             | 2030-04-22      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V5.572 04/22/36                                   | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    140000 | NS      | $146882.25    | 0.02%             | 2036-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| JBS USA Holding Lux S.a.r.l./JBS USA Food Co /JBS USA Foods Group Holdings Inc.      | JBSSBZ 6.375 04/15/66 144A                            | CUSIP: 472140AJ1<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |    465000 | NS      | $462989.58    | 0.06%             | 2066-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Eli Lilly & Co.                                                                      | LLY 4.55 10/15/32                                     | CUSIP: 532457DD7<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    530000 | NS      | $537339.31    | 0.07%             | 2032-10-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MORGAN STNLY RES MTG 2025-NQM2                                                       | MSRM 2025-NQM9 A1A                                    | CUSIP: 61779VAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | NS      | $1002110.81   | 0.14%             | 2070-09-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW RES MTG LN TR 2022-NQM4                                                          | NRZT 2022-NQM4 A1                                     | CUSIP: 64831UAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    726238 | NS      | $723712.81    | 0.10%             | 2062-07-25      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 3.6 04/01/50                                     | CUSIP: 68389XBX2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    611000 | NS      | $380598.48    | 0.05%             | 2050-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Panama (Republic of)                                                                 | PANAMA 3.16 01/23/30                                  | CUSIP: 698299BK9<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    200000 | NS      | $187220.00    | 0.03%             | 2030-01-23      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 5.125 11/17/27                                     | CUSIP: 718172CV9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     35000 | NS      | $35756.76     | 0.00%             | 2027-11-17      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Pret 2025-NPL7 LLC                                                                   | PRET 2025-NPL7 A1                                     | CUSIP: 740934AA2<br>LEI: 2549001J36X6SUZ41Q96 | Long             | ABS-O            | CORP              | US        |    478922 | NS      | $480007.03    | 0.06%             | 2055-07-25      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Royalty Pharma PLC                                                                   | RPRX 5.2 09/25/35                                     | CUSIP: 78081BAU7<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    750000 | NS      | $753793.03    | 0.10%             | 2035-09-25      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SCF EQUIPMENT LEAS LLC 2024-1                                                        | SCFET 2024-1A A3                                      | CUSIP: 783896AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    125000 | NS      | $127396.06    | 0.02%             | 2032-01-20      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Southern Power Company                                                               | SO 4.9 10/01/35 B                                     | CUSIP: 843646AY6<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |    320000 | NS      | $316551.75    | 0.04%             | 2035-10-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc                                                         | TMO 4.473 10/07/32                                    | CUSIP: 883556DD1<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    670000 | NS      | $672135.37    | 0.09%             | 2032-10-07      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MTG TR 2020-1                                                             | TPMT 2020-1 A2A                                       | CUSIP: 89178WBB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190000 | NS      | $174726.48    | 0.02%             | 2060-01-25      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                       | MEX 6 05/07/36                                        | CUSIP: 91087BAZ3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    240000 | NS      | $243120.00    | 0.03%             | 2036-05-07      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                                                         | B 0 02/05/26                                          | CUSIP: 912797RL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2155000 | NS      | $2147075.00   | 0.29%             | 2026-02-05      | None          | 0.00%                 | No            |                  2 | On Loan: —       |
| United States Treasury Bonds                                                         | T 4.375 08/15/43                                      | CUSIP: 912810TU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    350000 | NS      | $334318.38    | 0.05%             | 2043-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                                    | S 0 11/15/31                                          | CUSIP: 9128337Q7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1510000 | NS      | $1197873.91   | 0.16%             | 2031-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 5.875 02/15/53                                    | CUSIP: 91324PES7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    295000 | NS      | $297461.69    | 0.04%             | 2053-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VFI ABS 2025-1 LLC                                                                   | VFI 2025-1A A                                         | CUSIP: 91824UAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    106237 | NS      | $106726.25    | 0.01%             | 2030-06-24      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Virginia Electric and Power Company                                                  | D 5.35 01/15/54                                       | CUSIP: 927804GQ1<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |     90000 | NS      | $84375.48     | 0.01%             | 2054-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| VOLT CII LLC 2021-NPL11                                                              | VOLT 2021-NP11 A1                                     | CUSIP: 92873HAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     95101 | NS      | $95092.28     | 0.01%             | 2051-08-25      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| Xcel Energy Inc                                                                      | XEL 3.35 12/01/26                                     | CUSIP: 98389BAU4<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |    525000 | NS      | $521716.44    | 0.07%             | 2026-12-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Air Lease Corporation                                                                | AL 5.2 07/15/31 MTN                                   | CUSIP: 00914AAX0<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    475000 | NS      | $482794.28    | 0.07%             | 2031-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Ajax Mortgage Loan Trust                                                             | AJAXM 2021-C A                                        | CUSIP: 009733AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    122666 | NS      | $122661.83    | 0.02%             | 2061-01-25      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Adobe Inc                                                                            | ADBE 2.15 02/01/27                                    | CUSIP: 00724PAC3<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | DBT              | CORP              | US        |    550000 | NS      | $540826.50    | 0.07%             | 2027-02-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: —       |
| AFFIRM MASTER TRUST                                                                  | AFRMT 2025-2A A                                       | CUSIP: 00833BAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    385000 | NS      | $387603.88    | 0.05%             | 2033-07-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Alliant Energy Finance LLC                                                           | LNT 4.25 06/15/28 144A                                | CUSIP: 01882YAB2<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |    425000 | NS      | $422669.41    | 0.06%             | 2028-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                             | AXP V5.016 04/25/31                                   | CUSIP: 025816EF2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    425000 | NS      | $437981.97    | 0.06%             | 2031-04-25      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2022-5                                                      | AOMT 2022-5 A1                                        | CUSIP: 03464HAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    519794 | NS      | $517177.50    | 0.07%             | 2067-05-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST LLC                                                         | AOMT 2021-2 A1                                        | CUSIP: 03465DAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    193143 | NS      | $168310.02    | 0.02%             | 2066-04-25      | Variable      | 0.98%                 | No            |                  2 | On Loan: No      |
| Applovin Corp.                                                                       | APP 5.5 12/01/34                                      | CUSIP: 03831WAD0<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    939000 | NS      | $964777.14    | 0.13%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2024-C26                                                        | BBCMS 2024-C26 B                                      | CUSIP: 05555AAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    475000 | NS      | $490779.06    | 0.07%             | 2057-05-17      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                   | BX 2024-BIO A                                         | CUSIP: 05612AAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    275000 | NS      | $274403.41    | 0.04%             | 2041-02-15      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| BLP COMMERCIAL MORTGAGE TRUST 2024-                                                  | BLP 2024-IND2 A                                       | CUSIP: 05625AAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    406912 | NS      | $407162.09    | 0.06%             | 2041-03-15      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V2.482 09/21/36                                   | CUSIP: 06051GKC2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    272000 | NS      | $238697.52    | 0.03%             | 2036-09-21      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V4.571 04/27/33                                   | CUSIP: 06051GKQ1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    785000 | NS      | $783076.56    | 0.11%             | 2033-04-27      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR7                                                                      | BANK5 2024-5YR7 A3                                    | CUSIP: 06211UBL8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    475000 | NS      | $495752.47    | 0.07%             | 2057-06-15      | Variable      | 5.77%                 | No            |                  2 | On Loan: No      |
| BANK 2020-BNK26                                                                      | BANK 2020-BN26 XA                                     | CUSIP: 06540JBM3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1009075 | NS      | $37132.74     | 0.01%             | 2063-03-16      | Variable      | 1.19%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR8                                                                      | BANK5 2024-5YR8 A3                                    | CUSIP: 065923AY0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    275000 | NS      | $288005.75    | 0.04%             | 2057-08-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Benchmark 2020-B16 Mortgage Trust                                                    | BMARK 2019-B9 A5                                      | CUSIP: 08160JAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550000 | NS      | $541423.44    | 0.07%             | 2052-03-15      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                      | CVS 4.125 04/01/40                                    | CUSIP: 126650DK3<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    121000 | NS      | $103402.96    | 0.01%             | 2040-04-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc                                                         | CFG V5.253 03/05/31                                   | CUSIP: 174610BJ3<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    210000 | NS      | $215784.95    | 0.03%             | 2031-03-05      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CommonSpirit Health                                                                  | CATMED 6.461 11/01/52                                 | CUSIP: 20268JAM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    440000 | NS      | $472842.63    | 0.06%             | 2052-11-01      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| Credit Agricole S.A. London Branch                                                   | ACAFP V4.818 09/25/33 144A                            | CUSIP: 22535WAS6<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |    390000 | NS      | $389489.94    | 0.05%             | 2033-09-25      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| CSMC TRUST 2021-NQM5                                                                 | CSMC 2021-NQM5 A1                                     | CUSIP: 22946DAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160951 | NS      | $137323.55    | 0.02%             | 2066-05-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| Eagle Funding Luxco S.a.r.l.                                                         | MEXPCP 5.5 08/17/30 144A                              | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | CORP              | LU        |    950000 | NS      | $967660.50    | 0.13%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Equitable Financial Life Global Funding                                              | EQH 5 03/27/30 144A                                   | CUSIP: 29449WAT4<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |    140000 | NS      | $143120.64    | 0.02%             | 2030-03-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                   | META 4.2 11/15/30                                     | CUSIP: 30303MAB8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    700000 | NS      | $701479.19    | 0.09%             | 2030-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD0296                                             | CUSIP: 3132DMKH7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1017383 | NS      | $982077.19    | 0.13%             | 2050-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2015-5 EP                                         | CUSIP: 3136AMMM8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     45647 | NS      | $44028.06     | 0.01%             | 2043-06-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BR6352                                             | CUSIP: 3140L5BW5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     64007 | NS      | $55432.73     | 0.01%             | 2051-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BV8155                                             | CUSIP: 3140MNBZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     34147 | NS      | $27628.33     | 0.00%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA3861                                             | CUSIP: 3140QBJF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    371402 | NS      | $349391.75    | 0.05%             | 2049-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA6988                                             | CUSIP: 3140QEXS6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    727999 | NS      | $629938.25    | 0.09%             | 2050-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB2801                                             | CUSIP: 3140QNDF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    770339 | NS      | $624768.06    | 0.08%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4325                                             | CUSIP: 31418DYX4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    859752 | NS      | $699850.06    | 0.09%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GE Capital International Funding Company Unlimited Company                           | GE 4.418 11/15/35                                     | CUSIP: 36164QNA2<br>LEI: 549300G6UZOB126GBY72 | Long             | DBT              | CORP              | IE        |    200000 | NS      | $195167.91    | 0.03%             | 2035-11-15      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| GM Financial Revolving Receivables Trust 2024-1                                      | GMREV 2024-1 B                                        | CUSIP: 36269KAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    130000 | NS      | $133334.55    | 0.02%             | 2036-12-11      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Issuer Trust 2024-4                                             | GCAR 2024-4A B                                        | CUSIP: 36270YAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    210000 | NS      | $211323.73    | 0.03%             | 2029-04-16      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co.                                                       | HPE 5 10/15/34                                        | CUSIP: 42824CBV0<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    251000 | NS      | $248794.77    | 0.03%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Howmet Aerospace Inc                                                                 | HWM 4.85 10/15/31                                     | CUSIP: 443201AC2<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |    203000 | NS      | $208290.69    | 0.03%             | 2031-10-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                    | INTC 4.15 08/05/32                                    | CUSIP: 458140CA6<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    115000 | NS      | $110888.36    | 0.02%             | 2032-08-05      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                    | INTC 5.2 02/10/33                                     | CUSIP: 458140CG3<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    455000 | NS      | $463592.06    | 0.06%             | 2033-02-10      | Fixed         | 5.20%                 | No            |                  2 | On Loan: —       |
| J.P. MORGAN MORTGAGE TRUST 2023-HE3                                                  | JPMMT 2023-HE3 A1                                     | CUSIP: 465985AA7<br>LEI: 5299007DSRZLE19EYU93 | Long             | ABS-O            | CORP              | US        |    103705 | NS      | $104042.03    | 0.01%             | 2054-05-20      | Variable      | 5.78%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V1.764 11/19/31                                   | CUSIP: 46647PBU9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    410000 | NS      | $364237.84    | 0.05%             | 2031-11-19      | Fixed         | 1.76%                 | No            |                  2 | On Loan: No      |
| Alabama Power Co.                                                                    | SO 4.3 03/15/31 C                                     | CUSIP: 010392GE2<br>LEI: 0RL818ELFOHP5JHOFU19 | Long             | DBT              | CORP              | US        |    355000 | NS      | $355892.22    | 0.05%             | 2031-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Kenvue Inc.                                                                          | KVUE 4.85 05/22/32                                    | CUSIP: 49177JAS1<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | DBT              | CORP              | US        |    310000 | NS      | $316998.73    | 0.04%             | 2032-05-22      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc                                                                 | KDP 3.2 05/01/30                                      | CUSIP: 49271VAJ9<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |     10000 | NS      | $9499.22      | 0.00%             | 2030-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| BHP Billiton Finance (USA) Ltd.                                                      | BHP 5.125 02/21/32                                    | CUSIP: 055451BK3<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |     80000 | NS      | $82941.12     | 0.01%             | 2032-02-21      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BANK 2024-BNK48                                                                      | BANK 2024-BNK48 XA                                    | CUSIP: 06541GAN7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1755440 | NS      | $140158.02    | 0.02%             | 2057-10-17      | Variable      | 1.35%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc                                                                 | KDP 4.6 05/15/30                                      | CUSIP: 49271VBA7<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    195000 | NS      | $196007.47    | 0.03%             | 2030-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Macquarie Airfinance Holdings Ltd                                                    | MCAIRH 6.4 03/26/29 144A                              | CUSIP: 55609NAC2<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |     55000 | NS      | $57634.31     | 0.01%             | 2029-03-26      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Alabama Power Co.                                                                    | SO 3.45 10/01/49                                      | CUSIP: 010392FT0<br>LEI: 0RL818ELFOHP5JHOFU19 | Long             | DBT              | CORP              | US        |    335000 | NS      | $238251.91    | 0.03%             | 2049-10-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Allegion US Holding Company Inc                                                      | ALLE 5.6 05/29/34                                     | CUSIP: 01748NAF1<br>LEI: 5493002B66JX7J7SXI33 | Long             | DBT              | CORP              | US        |    189000 | NS      | $197271.98    | 0.03%             | 2034-05-29      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2023-B40 MORTGAGE TRUST                                                    | BMARK 2023-B40 XA                                     | CUSIP: 08163WAH8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    966310 | NS      | $51601.64     | 0.01%             | 2056-12-15      | Variable      | 1.17%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 5.25 04/01/53                                    | CUSIP: 161175CK8<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    150000 | NS      | $118626.82    | 0.02%             | 2053-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MAD COMMERCIAL MORTGAGE TRUST 2025-11MD                                              | MAD 2025-11MD A                                       | CUSIP: 55616AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2075000 | NS      | $2073527.50   | 0.28%             | 2042-10-11      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                                                            | MARS 5.8 05/01/65 144A                                | CUSIP: 571676BD6<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    100000 | NS      | $100347.56    | 0.01%             | 2065-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| McDonald's Corp.                                                                     | MCD 5 02/13/36                                        | CUSIP: 58013MGC2<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    260000 | NS      | $262112.28    | 0.04%             | 2036-02-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metlife Securitization Trust 2019-1                                                  | MST 2018-1A A                                         | CUSIP: 59166DAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     42256 | NS      | $41375.83     | 0.01%             | 2057-03-25      | Variable      | 3.49%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                                             | CUSIP: 01F042616<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9000000 | NS      | $8785280.00   | 1.19%             | 2055-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                        | GOOGL 5.35 11/15/45                                   | CUSIP: 02079KAZ0<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   1105000 | NS      | $1098020.25   | 0.15%             | 2045-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V1.928 04/28/32 MTN                                | CUSIP: 6174468X0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    270000 | NS      | $236886.55    | 0.03%             | 2032-04-28      | Fixed         | 1.93%                 | No            |                  2 | On Loan: No      |
| NY 2025-299P A                                                                       | NY 2025-299P A                                        | CUSIP: 62957FAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105000 | NS      | $110355.77    | 0.01%             | 2047-02-12      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust 2018 1                                           | NRZT 2018-1A A1A                                      | CUSIP: 64830GAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    218805 | NS      | $214425.33    | 0.03%             | 2057-12-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Oha Credit Partners Xv Limited                                                       | OAKC 2021-10RA A1                                     | CUSIP: 67121RAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1450000 | NS      | $1452109.75   | 0.20%             | 2038-07-18      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Ohio Edison Company                                                                  | FE 4.95 12/15/29 144A                                 | CUSIP: 677347CJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | NS      | $86922.24     | 0.01%             | 2029-12-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 2.875 03/25/31                                   | CUSIP: 68389XCE3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    325000 | NS      | $292042.32    | 0.04%             | 2031-03-25      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 5.55 02/06/53                                    | CUSIP: 68389XCQ6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    164000 | NS      | $136100.24    | 0.02%             | 2053-02-06      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| PRPM 2021-RPL2 LLC                                                                   | PRPM 2025-RPL3 A1                                     | CUSIP: 69392NAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1077463 | NS      | $1043093.63   | 0.14%             | 2055-04-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Cornell University                                                                   | CORNLU 4.733 06/15/35 2025                            | CUSIP: 219207AF4<br>LEI: 549300ZZIJPNT0RZWP17 | Long             | DBT              | CORP              | US        |    820000 | NS      | $821867.44    | 0.11%             | 2035-06-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks                                                            | FFCB 2.9 04/12/32                                     | CUSIP: 3133ENUJ7<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   2080000 | NS      | $1960048.25   | 0.27%             | 2032-04-12      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 5.05 10/15/32                                     | CUSIP: 694308KY2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    130000 | NS      | $130725.09    | 0.02%             | 2032-10-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Peru (Republic Of)                                                                   | PERU 3.3 03/11/41                                     | CUSIP: 715638DS8<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    380000 | NS      | $293398.00    | 0.04%             | 2041-03-11      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC V4.619 11/06/31                                  | CUSIP: 404280FE4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | NS      | $200616.73    | 0.03%             | 2031-11-06      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc                                                                 | KDP 4.597 05/25/28                                    | CUSIP: 49271VAF7<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    425000 | NS      | $428426.13    | 0.06%             | 2028-05-25      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Prologis Targeted US Logistics Fund LP                                               | PLDTLF 4.75 01/15/36 144A                             | CUSIP: 74350LAE4<br>LEI: 5493004DTBWUQ9F2VJ87 | Long             | DBT              | CORP              | US        |    330000 | NS      | $322326.91    | 0.04%             | 2036-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Puget Energy Inc                                                                     | PSD 4.224 03/15/32                                    | CUSIP: 745310AN2<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |     31000 | NS      | $29723.57     | 0.00%             | 2032-03-15      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust                                         | AMXCA 2025-3 A                                        | CUSIP: 02582JKR0<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |    925000 | NS      | $945036.25    | 0.13%             | 2032-04-15      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| Cencora Inc                                                                          | COR 3.45 12/15/27                                     | CUSIP: 03073EAP0<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |    175000 | NS      | $173449.17    | 0.02%             | 2027-12-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CNTY CALIF                                                                 | CA RIV 3.07 02/15/2028                                | CUSIP: 76913CBC2<br>LEI: 254900CB5HEOBAVTY629 | Long             | DBT              | MUN               | US        |    420000 | NS      | $412426.72    | 0.06%             | 2028-02-15      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| SHR TR 2024-LXRY                                                                     | SHR 2024-LXRY A                                       | CUSIP: 784234AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    660000 | NS      | $661374.13    | 0.09%             | 2041-10-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| OBX 2021-NQM3 TR                                                                     | OBX 2021-NQM3 A1                                      | CUSIP: 67114JAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    187890 | NS      | $154628.94    | 0.02%             | 2061-07-25      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 4.6 06/15/43                                      | CUSIP: 694308HD2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     37000 | NS      | $30878.11     | 0.00%             | 2043-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Cencora Inc                                                                          | COR 2.7 03/15/31                                      | CUSIP: 03073EAT2<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |    736000 | NS      | $678091.06    | 0.09%             | 2031-03-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Amur Equipment Finance Receivables VI LLC                                            | AXIS 2025-1A B                                        | CUSIP: 03237FAC9<br>LEI: 254900UXD59DZRJ7U848 | Long             | ABS-O            | CORP              | US        |    290000 | NS      | $296133.38    | 0.04%             | 2031-11-20      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                                                            | RTX 6.1 03/15/34                                      | CUSIP: 75513ECW9<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    205000 | NS      | $224289.39    | 0.03%             | 2034-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                   | EIX 4.125 03/01/48 C                                  | CUSIP: 842400GK3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    307000 | NS      | $233008.76    | 0.03%             | 2048-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                   | EIX 2.25 06/01/30                                     | CUSIP: 842400GU1<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    140000 | NS      | $126991.71    | 0.02%             | 2030-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Southern California Gas Co.                                                          | SRE 5.75 06/01/53                                     | CUSIP: 842434CY6<br>LEI: XY0N0J73VHV5F4CUJV89 | Long             | DBT              | CORP              | US        |     90000 | NS      | $89417.77     | 0.01%             | 2053-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Taco Bell Funding Llc                                                                | BELL 2018-1A A2II                                     | CUSIP: 87342RAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    238125 | NS      | $238575.77    | 0.03%             | 2048-11-25      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Tapestry Inc                                                                         | TPR 5.1 03/11/30                                      | CUSIP: 876030AK3<br>LEI: 549300LJNVY5SW3VTN33 | Long             | DBT              | CORP              | US        |    145000 | NS      | $148857.78    | 0.02%             | 2030-03-11      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable LLC                                                                | CHTR 6.55 05/01/37                                    | CUSIP: 88732JAJ7<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |     80000 | NS      | $81636.71     | 0.01%             | 2037-05-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| TotalEnergies Capital S.A.                                                           | TTEFP 5.638 04/05/64                                  | CUSIP: 89157XAC5<br>LEI: 529900QI55ZLJVCMPA71 | Long             | DBT              | CORP              | FR        |    245000 | NS      | $236628.69    | 0.03%             | 2064-04-05      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corporation                                                            | UNP 2.8 02/14/32                                      | CUSIP: 907818FX1<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    325000 | NS      | $298420.38    | 0.04%             | 2032-02-14      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                                                         | B 0 03/31/26                                          | CUSIP: 912797TB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2530000 | NS      | $2507355.75   | 0.34%             | 2026-03-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | TII 0.75 02/15/42                                     | CUSIP: 912810QV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2390000 | NS      | $2673307.72   | 0.36%             | 2042-02-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | TII 0.625 02/15/43                                    | CUSIP: 912810RA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     10000 | NS      | $10508.70     | 0.00%             | 2043-02-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 3.625 02/15/44                                      | CUSIP: 912810RE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1566000 | NS      | $1344374.32   | 0.18%             | 2044-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 3.125 08/15/44                                      | CUSIP: 912810RH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    610000 | NS      | $482805.47    | 0.07%             | 2044-08-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 3 05/15/47                                          | CUSIP: 912810RX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6596000 | NS      | $4953183.56   | 0.67%             | 2047-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 3 02/15/48                                          | CUSIP: 912810SA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2570000 | NS      | $1912441.41   | 0.26%             | 2048-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 0.5 10/31/27                                        | CUSIP: 91282CAU5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    125000 | NS      | $118442.38    | 0.02%             | 2027-10-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 1.25 06/30/28                                       | CUSIP: 91282CCH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2870000 | NS      | $2716298.00   | 0.37%             | 2028-06-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 2.75 05/15/40                                     | CUSIP: 91324PDY5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    115000 | NS      | $86004.64     | 0.01%             | 2040-05-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                          | VZ 5.875 11/30/55                                     | CUSIP: 92343VHJ6<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    110000 | NS      | $108680.15    | 0.01%             | 2055-11-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V2.572 02/11/31 MTN                               | CUSIP: 95000U2J1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     80000 | NS      | $74718.77     | 0.01%             | 2031-02-11      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| Ares European CLO XXI Designated Activity Co.                                        | ARESE 21A B                                           | CUSIP: G0458LAN3<br>LEI: 254900REPQKNP1XRDH75 | Long             | ABS-O            | CORP              | IE        |    250000 | NS      | $292328.31    | 0.04%             | 2038-04-15      | Floating      | 3.73%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2022-2                                                      | AOMT 2022-2 A1                                        | CUSIP: 03464PAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     79548 | NS      | $76182.21     | 0.01%             | 2067-01-25      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| AREIT 2025-CRE10 Ltd. / AREIT 2025-CRE10 LLC                                         | AREIT 2025-CRE11 A                                    | CUSIP: 04002DAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    540000 | NS      | $540843.06    | 0.07%             | 2043-06-18      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Ashtead Capital Inc.                                                                 | AHTLN 1.5 08/12/26 144A                               | CUSIP: 045054AN3<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    200000 | NS      | $196585.91    | 0.03%             | 2026-08-12      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Autozone, Inc.                                                                       | AZO 5.4 07/15/34                                      | CUSIP: 053332BK7<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |     20000 | NS      | $20704.34     | 0.00%             | 2034-07-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| AUXILIOR TERM FUNDING 2024-1 LLC                                                     | XCAP 2024-1A A3                                       | CUSIP: 05335FAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    195000 | NS      | $198524.73    | 0.03%             | 2031-07-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust 2020-C6                                                         | BBCMS 2020-C6 A4                                      | CUSIP: 05492TBP4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | NS      | $1396618.25   | 0.19%             | 2053-02-18      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| BMO 2024-C9 MORTGAGE TRUST                                                           | BMO 2024-C9 XA                                        | CUSIP: 05593MAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1506244 | NS      | $93258.68     | 0.01%             | 2057-07-17      | Variable      | 0.86%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                   | BX 2024-XL5 A                                         | CUSIP: 05612GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    302856 | NS      | $303042.63    | 0.04%             | 2041-03-15      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| BSTN COML MTG TR 2025-1C                                                             | BSTN 2025-1C A                                        | CUSIP: 05615EAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    575000 | NS      | $590446.75    | 0.08%             | 2044-06-17      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                                   | SANTAN 5.565 01/17/30                                 | CUSIP: 05964HBJ3<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    800000 | NS      | $833199.19    | 0.11%             | 2030-01-17      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| Bank 2017-Bnk4                                                                       | BANK 2019-BN18 XA                                     | CUSIP: 065402BD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    960840 | NS      | $23154.23     | 0.00%             | 2062-05-17      | Variable      | 0.88%                 | No            |                  2 | On Loan: No      |
| Bank 2019-BN17 C                                                                     | BANK 2019-BN17 A4                                     | CUSIP: 065403BC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    632000 | NS      | $621445.94    | 0.08%             | 2052-04-17      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| BANK 2019-BNK22                                                                      | BANK 2019-BN22 XA                                     | CUSIP: 06540XBH3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1748855 | NS      | $34492.84     | 0.00%             | 2062-11-17      | Variable      | 0.58%                 | No            |                  2 | On Loan: No      |
| BANK 2020-BNK28                                                                      | BANK 2020-BN28 XA                                     | CUSIP: 06540YAN9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2307785 | NS      | $152060.41    | 0.02%             | 2063-03-16      | Variable      | 1.76%                 | No            |                  2 | On Loan: No      |
| Barclays Dryrock Issuance Trust                                                      | DROCK 2025-1 A                                        | CUSIP: 06742LBF9<br>LEI: 213800R4G3N2G68CHU37 | Long             | ABS-O            | CORP              | US        |    725000 | NS      | $726652.50    | 0.10%             | 2031-07-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| Benchmark 2020-B16 Mortgage Trust                                                    | BMARK 2018-B1 A5                                      | CUSIP: 08162PAX9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | NS      | $395708.41    | 0.05%             | 2051-01-18      | Variable      | 3.67%                 | No            |                  2 | On Loan: No      |
| Blackstone Secured Lending Fund                                                      | BXSL 5.875 11/15/27                                   | CUSIP: 09261XAH5<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |    200000 | NS      | $204178.75    | 0.03%             | 2027-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                           | BA 5.15 05/01/30                                      | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    751000 | NS      | $771660.10    | 0.10%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 4.15 04/15/32 144A                               | CUSIP: 11135FBT7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    192000 | NS      | $187746.02    | 0.03%             | 2032-04-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 3.469 04/15/34                                   | CUSIP: 11135FCT6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    150000 | NS      | $136776.45    | 0.02%             | 2034-04-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| Burlington Northern Santa Fe LLC                                                     | BNSF 4.05 06/15/48                                    | CUSIP: 12189LBC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | NS      | $161655.39    | 0.02%             | 2048-06-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| CSMC 2020-NQM1                                                                       | CSMC 2020-NQM1 A1                                     | CUSIP: 126401AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     68747 | NS      | $66137.08     | 0.01%             | 2065-05-25      | Variable      | 2.21%                 | No            |                  2 | On Loan: No      |
| CSMC 2021-NQM8 TRUST                                                                 | CSMC 2021-NQM8 A1                                     | CUSIP: 12659FAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    201984 | NS      | $183038.98    | 0.02%             | 2066-10-25      | Variable      | 2.84%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                      | CVS 4.78 03/25/38                                     | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    393000 | NS      | $370957.29    | 0.05%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                      | CVS 1.75 08/21/30                                     | CUSIP: 126650DN7<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     35000 | NS      | $31087.71     | 0.00%             | 2030-08-21      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                      | CVS 5.45 09/15/35                                     | CUSIP: 126650EK2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     55000 | NS      | $56298.57     | 0.01%             | 2035-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                                                   | CM V5.245 01/13/31                                    | CUSIP: 13607PVQ4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    465000 | NS      | $479519.25    | 0.06%             | 2031-01-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Carlyle Us Clo 2018-2 LLC                                                            | CGMS 2021-1A A1AR                                     | CUSIP: 14316MAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    550000 | NS      | $551989.38    | 0.07%             | 2040-01-17      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 6.384 10/23/35                                   | CUSIP: 161175AZ7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    545000 | NS      | $562470.34    | 0.08%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V5.174 02/13/30                                     | CUSIP: 172967PF2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     65000 | NS      | $66699.83     | 0.01%             | 2030-02-13      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Citibank, N.A.                                                                       | C 4.914 05/29/30 .                                    | CUSIP: 17325FBP2<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    350000 | NS      | $360048.22    | 0.05%             | 2030-05-29      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V3.057 01/25/33                                     | CUSIP: 17327CAQ6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    525000 | NS      | $480933.78    | 0.07%             | 2033-01-25      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | CAS 2024-R02 1M2                                      | CUSIP: 20754GAE0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    107000 | NS      | $107567.25    | 0.01%             | 2044-02-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST                                                  | CAS 2021-R01 1M2                                      | CUSIP: 20754RAB2<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |     66472 | NS      | $66740.60     | 0.01%             | 2041-10-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Consolidated Edison Company of New York, Inc.                                        | ED 5.75 11/15/55                                      | CUSIP: 209111GP2<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    175000 | NS      | $174505.89    | 0.02%             | 2055-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2-30YR-Multi                                         | CUSIP: 21H042612<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4000000 | NS      | $3895625.00   | 0.53%             | 2055-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2-30YR-Multi                                         | CUSIP: 21H052611<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1000000 | NS      | $1009696.38   | 0.14%             | 2055-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                                                                    | CCI 2.1 04/01/31                                      | CUSIP: 22822VAW1<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |     50000 | NS      | $44127.20     | 0.01%             | 2031-04-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| DBJPM 2020-C9                                                                        | DBJPM 2020-C9 XA                                      | CUSIP: 233063AW6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    385915 | NS      | $16386.07     | 0.00%             | 2053-08-15      | Variable      | 1.59%                 | No            |                  2 | On Loan: No      |
| DT Midstream Inc                                                                     | DTMINC 5.8 12/15/34 144A                              | CUSIP: 23345MAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | NS      | $212747.97    | 0.03%             | 2034-12-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Duke Energy Ohio Inc.                                                                | DUK 5.25 04/01/33                                     | CUSIP: 26442EAJ9<br>LEI: L6KC0HABGHNFU1Z6QY21 | Long             | DBT              | CORP              | US        |    115000 | NS      | $119126.62    | 0.02%             | 2033-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EOG Resources Inc.                                                                   | EOG 5.65 12/01/54                                     | CUSIP: 26875PAW1<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    105000 | NS      | $102695.81    | 0.01%             | 2054-12-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Eversource Energy                                                                    | ES 5.125 05/15/33                                     | CUSIP: 30040WAU2<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    195000 | NS      | $196942.47    | 0.03%             | 2033-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| EXTER AUTOMOBILE RECEIVABLES TRUST                                                   | EART 2025-3A A3                                       | CUSIP: 30166XAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550000 | NS      | $554012.44    | 0.07%             | 2029-07-16      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Expedia Group Inc                                                                    | EXPE 3.25 02/15/30                                    | CUSIP: 30212PAR6<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | DBT              | CORP              | US        |    142000 | NS      | $136188.28    | 0.02%             | 2030-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR ZL7115                                             | CUSIP: 3131XN3Y7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     10870 | NS      | $10528.43     | 0.00%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD1384                                             | CUSIP: 3132DNRD7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     93865 | NS      | $81010.40     | 0.01%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RA5276                                             | CUSIP: 3133KL2H9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1486417 | NS      | $1274034.13   | 0.17%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Amur Equipment Finance Receivables VI LLC                                            | AXIS 2024-1A B                                        | CUSIP: 03237CAC6<br>LEI: 254900O8ABFLU3FOSN14 | Long             | ABS-O            | CORP              | US        |    100000 | NS      | $102084.81    | 0.01%             | 2031-01-21      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Anheuser-Busch Companies LLC / Anheuser-Busch InBev Worldwide Inc                    | ABIBB 4.7 02/01/36 *                                  | CUSIP: 03522AAH3<br>LEI: 5493002J2SVENP0PVK27 | Long             | DBT              | CORP              | US        |    352000 | NS      | $348425.47    | 0.05%             | 2036-02-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2025-11 FB                                        | CUSIP: 3136BUZ45<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    666099 | NS      | $667863.13    | 0.09%             | 2055-03-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN 310229                                             | CUSIP: 31374CSS6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    385567 | NS      | $367130.66    | 0.05%             | 2043-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FHR 4097 KA                                           | CUSIP: 3137ATLD2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |      6915 | NS      | $6879.58      | 0.00%             | 2031-09-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FHR 4142 PT                                           | CUSIP: 3137AX5Z2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     11702 | NS      | $11457.14     | 0.00%             | 2027-12-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                               | FHMS K-152 A2                                         | CUSIP: 3137H9M89<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    500000 | NS      | $484988.41    | 0.07%             | 2032-11-25      | Variable      | 3.78%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                               | FHMS K510 A2                                          | CUSIP: 3137HB3D4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    175000 | NS      | $179934.20    | 0.02%             | 2028-10-25      | Variable      | 5.07%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                               | FHR 5502 FG                                           | CUSIP: 3137HJSY4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    375361 | NS      | $375505.56    | 0.05%             | 2055-02-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BN5279                                             | CUSIP: 3140JM2M3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    122031 | NS      | $117777.40    | 0.02%             | 2049-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM3136                                             | CUSIP: 3140X6PW5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    841505 | NS      | $757079.81    | 0.10%             | 2050-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM8779                                             | CUSIP: 3140XCXH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     78757 | NS      | $68204.28     | 0.01%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM9492                                             | CUSIP: 3140XDRN8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    143500 | NS      | $124071.45    | 0.02%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                        | F 5.85 05/17/27                                       | CUSIP: 345397E74<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    372000 | NS      | $377651.31    | 0.05%             | 2027-05-17      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| GCAT 2020-NQM2 TRUST                                                                 | GCAT 2020-NQM2 A1                                     | CUSIP: 36166RAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     17265 | NS      | $16687.24     | 0.00%             | 2065-04-25      | Variable      | 2.56%                 | No            |                  2 | On Loan: No      |
| GCAT 2021-NQM7 TRUST                                                                 | GCAT 2021-NQM7 A1                                     | CUSIP: 36167YAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    123099 | NS      | $115046.47    | 0.02%             | 2066-08-25      | Variable      | 1.92%                 | No            |                  2 | On Loan: No      |
| GCAT 2021-NQM4 TRUST                                                                 | GCAT 2021-NQM4 A1                                     | CUSIP: 36168HAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    275739 | NS      | $231523.95    | 0.03%             | 2066-08-25      | Variable      | 1.09%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA2602                                             | CUSIP: 36179Q3K5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    125385 | NS      | $121219.76    | 0.02%             | 2045-02-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA5529                                             | CUSIP: 36179UEA6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    116018 | NS      | $114997.56    | 0.02%             | 2048-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Georgia Power Company                                                                | SO 4.75 09/01/40 10-C                                 | CUSIP: 373334JS1<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |     30000 | NS      | $28445.26     | 0.00%             | 2040-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                 | GLENLN 6.375 10/06/30 144A                            | CUSIP: 378272BP2<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    120000 | NS      | $129142.63    | 0.02%             | 2030-10-06      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                 | GLENLN 6.5 10/06/33 144A                              | CUSIP: 378272BQ0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     75000 | NS      | $82833.04     | 0.01%             | 2033-10-06      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust 2025-2                                        | GSKY 2025-2A A3                                       | CUSIP: 39571VAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    120000 | NS      | $121751.64    | 0.02%             | 2060-06-25      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 4.5 02/15/27                                      | CUSIP: 404119BU2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    700000 | NS      | $701523.44    | 0.09%             | 2027-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 3.5 09/01/30                                      | CUSIP: 404119CA5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    220000 | NS      | $211564.80    | 0.03%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Host Hotels & Resorts, L.P.                                                          | HST 2.9 12/15/31 J                                    | CUSIP: 44107TBA3<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |    126000 | NS      | $114121.77    | 0.02%             | 2031-12-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust 2018-2                                                         | ARRW 2019-2 A1                                        | CUSIP: 042858AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     32577 | NS      | $31828.31     | 0.00%             | 2049-04-25      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Autozone, Inc.                                                                       | AZO 6.55 11/01/33                                     | CUSIP: 053332BH4<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |     85000 | NS      | $94464.17     | 0.01%             | 2033-11-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| INT COMMERCIAL MORTGAGE TRUST 2025-PLAZA                                             | INT 2025-PLAZA A                                      | CUSIP: 44989YAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    515000 | NS      | $516923.72    | 0.07%             | 2037-11-05      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                    | INTC 5.15 02/21/34                                    | CUSIP: 458140CL2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    120000 | NS      | $121509.19    | 0.02%             | 2034-02-21      | Fixed         | 5.15%                 | No            |                  2 | On Loan: —       |
| Bank of America Corp.                                                                | BAC V1.922 10/24/31 MTN                               | CUSIP: 06051GJL4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    960000 | NS      | $858480.08    | 0.12%             | 2031-10-24      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| Benchmark 2019-B10 Mtg Tr                                                            | BMARK 2019-B10 XA                                     | CUSIP: 08162VAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1917589 | NS      | $62638.04     | 0.01%             | 2062-03-17      | Variable      | 1.22%                 | No            |                  2 | On Loan: No      |
| Invitation Homes Operating Partnership Lp                                            | INVH 2.3 11/15/28                                     | CUSIP: 46188BAB8<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |    175000 | NS      | $166404.33    | 0.02%             | 2028-11-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Jbs Usa Lux SA/Jbs Usa Food Company/Jbs Usa Finance Inc                              | JBSSBZ 5.75 04/01/33                                  | CUSIP: 46590XAY2<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |    155000 | NS      | $161930.52    | 0.02%             | 2033-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C 3.7 01/12/26                                        | CUSIP: 172967KG5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    430000 | NS      | $429947.88    | 0.06%             | 2026-01-12      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Citibank Credit Card Issuance Trust                                                  | CCCIT 2025-A2 A                                       | CUSIP: 17305EHB4<br>LEI: R8AG6FXVDQAMDKCSJJ64 | Long             | ABS-O            | CORP              | US        |    625000 | NS      | $637077.75    | 0.09%             | 2032-06-21      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Jpmdb Commercial Mortgage Securities Trust 2016 C4                                   | JPMDB 2016-C4 ASB                                     | CUSIP: 46646RAK9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     57985 | NS      | $57708.32     | 0.01%             | 2049-12-17      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V4.505 10/22/28                                   | CUSIP: 46647PEP7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    460000 | NS      | $464508.17    | 0.06%             | 2028-10-22      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CommonSpirit Health                                                                  | CATMED 4.975 09/01/35 .                               | CUSIP: 20268JBD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    535000 | NS      | $528705.69    | 0.07%             | 2035-09-01      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST 2025-ESH                                                 | ESA 2025-ESH A                                        | CUSIP: 30227TAA8<br>LEI: 549300IESZBC3BJUJW64 | Long             | ABS-O            | CORP              | US        |    125000 | NS      | $125078.11    | 0.02%             | 2042-10-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| JBS USA Holding Lux S.a.r.l./JBS USA Food Co /JBS USA Foods Group Holdings Inc.      | JBSSBZ 5.5 01/15/36 144A                              | CUSIP: 472140AE2<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |    250000 | NS      | $254039.44    | 0.03%             | 2036-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc                                                                 | KDP 4.05 04/15/32                                     | CUSIP: 49271VAQ3<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    190000 | NS      | $182627.48    | 0.02%             | 2032-04-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AS8583                                             | CUSIP: 3138WJRD2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    293981 | NS      | $277156.53    | 0.04%             | 2047-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ELLINGTON FIN MTG TR 2020-2                                                          | EFMT 2020-2 A1                                        | CUSIP: 31573WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     24441 | NS      | $23178.94     | 0.00%             | 2065-10-25      | Variable      | 1.18%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc                                                                 | KDP 5.15 05/15/35                                     | CUSIP: 49271VBB5<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |     55000 | NS      | $55107.19     | 0.01%             | 2035-05-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Laboratory Corporation of America Holdings                                           | LH 4.8 10/01/34                                       | CUSIP: 50540RBB7<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |    151000 | NS      | $149662.75    | 0.02%             | 2034-10-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| First Horizon Corporation                                                            | FHN V5.514 03/07/31                                   | CUSIP: 320517AE5<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | DBT              | CORP              | US        |    270000 | NS      | $278909.50    | 0.04%             | 2031-03-07      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V1.953 02/04/32                                   | CUSIP: 46647PBX3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    165000 | NS      | $147130.20    | 0.02%             | 2032-02-04      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                                                            | MARS 5.65 05/01/45 144a                               | CUSIP: 571676BB0<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    720000 | NS      | $725770.82    | 0.10%             | 2045-05-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| WBRK MTG TR 2025-WBRK                                                                | WBRK 2025-WBRK A                                      | CUSIP: 65486BAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    280000 | NS      | $290804.25    | 0.04%             | 2035-03-07      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| Las Vegas Sands Corp                                                                 | LVS 6 06/14/30                                        | CUSIP: 517834AN7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |     70000 | NS      | $73353.39     | 0.01%             | 2030-06-14      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Eli Lilly & Co.                                                                      | LLY 5.5 02/12/55                                      | CUSIP: 532457CY2<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    125000 | NS      | $125106.67    | 0.02%             | 2055-02-12      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puget Energy Inc                                                                     | PSD 5.725 03/15/35                                    | CUSIP: 745310AQ5<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |    635000 | NS      | $651609.17    | 0.09%             | 2035-03-15      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| Rogers Communications Inc.                                                           | RCICN 3.2 03/15/27                                    | CUSIP: 775109CG4<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    915000 | NS      | $905809.63    | 0.12%             | 2027-03-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 3.625 05/15/53                                      | CUSIP: 912810TR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2995000 | NS      | $2422791.19   | 0.33%             | 2053-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TR 2022-3                                                       | VERUS 2022-3 A1                                       | CUSIP: 92538UAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    172615 | NS      | $166183.94    | 0.02%             | 2067-02-25      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                                                | LOW 3.1 05/03/27                                      | CUSIP: 548661DP9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |     75000 | NS      | $74168.90     | 0.01%             | 2027-05-03      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| MSCI Inc.                                                                            | MSCI 4 11/15/29 144A                                  | CUSIP: 55354GAH3<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |    335000 | NS      | $327526.88    | 0.04%             | 2029-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wendys Funding Llc                                                                   | WEN 2019-1A A2II                                      | CUSIP: 95058XAH1<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |    145183 | NS      | $141365.75    | 0.02%             | 2049-06-15      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| Micron Technology Inc.                                                               | MU 5.65 11/01/32                                      | CUSIP: 595112CG6<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    215000 | NS      | $225995.88    | 0.03%             | 2032-11-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Loan Trust 2015-2                                                 | MCMLT 2019-GS1 A1                                     | CUSIP: 59981BAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100014 | NS      | $98330.32     | 0.01%             | 2059-07-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V1.794 02/13/32 MTN                                | CUSIP: 6174468U6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    385000 | NS      | $338126.52    | 0.05%             | 2032-02-13      | Fixed         | 1.79%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2019-E                                     | NAVSL 2021-FA A                                       | CUSIP: 63942GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    149484 | NS      | $133268.02    | 0.02%             | 2070-02-18      | Fixed         | 1.11%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                  | NRZT 2021-NQ2R A1                                     | CUSIP: 64831EAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     80005 | NS      | $76892.65     | 0.01%             | 2058-10-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP                                                             | NY NYTTRN 4.25 09/01/2035                             | CUSIP: 650117AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | NS      | $227242.06    | 0.03%             | 2035-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Nomura Holdings Inc.                                                                 | NOMURA 2.608 07/14/31                                 | CUSIP: 65535HAX7<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    500000 | NS      | $451755.44    | 0.06%             | 2031-07-14      | Fixed         | 2.61%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc.                                                             | ORLY 4.7 06/15/32                                     | CUSIP: 67103HAL1<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |     88000 | NS      | $88762.61     | 0.01%             | 2032-06-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Oneok Inc.                                                                           | OKE 6.05 09/01/33                                     | CUSIP: 682680BL6<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    115000 | NS      | $122334.65    | 0.02%             | 2033-09-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 4.5 05/06/28                                     | CUSIP: 68389XCM5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    275000 | NS      | $274944.16    | 0.04%             | 2028-05-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 4.9 02/06/33                                     | CUSIP: 68389XCP8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    361000 | NS      | $347424.01    | 0.05%             | 2033-02-06      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 4.7 09/27/34                                     | CUSIP: 68389XCT0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    190000 | NS      | $176184.00    | 0.02%             | 2034-09-27      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 6 08/03/55                                       | CUSIP: 68389XDB8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    170000 | NS      | $149904.02    | 0.02%             | 2055-08-03      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Prpm 2025-7 LLC                                                                      | PRPM 2025-7 A1                                        | CUSIP: 69382YAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    287711 | NS      | $289334.56    | 0.04%             | 2030-08-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| PRET 2025-NPL8 LLC                                                                   | PRET 2025-NPL8 A1                                     | CUSIP: 69392EAA8<br>LEI: 254900EZKI569P0YE486 | Long             | ABS-O            | CORP              | US        |    452136 | NS      | $453339.06    | 0.06%             | 2055-08-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Pret 2021-Rn4 LLC                                                                    | PRET 2025-RPL1 A1                                     | CUSIP: 69392FAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    543315 | NS      | $532310.31    | 0.07%             | 2069-07-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PacifiCorp.                                                                          | BRKHEC 5.8 01/15/55                                   | CUSIP: 695114DE5<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |     20000 | NS      | $18663.59     | 0.00%             | 2055-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Pernod Ricard International Finance Llc                                              | RIFP 1.625 04/01/31 144A                              | CUSIP: 71427QAB4<br>LEI: 5493009254WI1A8WXT48 | Long             | DBT              | CORP              | US        |    587000 | NS      | $510313.44    | 0.07%             | 2031-04-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Pinnacle West Capital Corp.                                                          | PNW 4.9 05/15/28                                      | CUSIP: 723484AM3<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |    133000 | NS      | $135388.11    | 0.02%             | 2028-05-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PROGRESS RES TR 2022-SFR5                                                            | PROG 2022-SFR5 A                                      | CUSIP: 74332YAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100194 | NS      | $100142.76    | 0.01%             | 2039-06-17      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL 2025-SFR1 TRUS                                                  | PROG 2025-SFR1 A                                      | CUSIP: 74334NAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    373503 | NS      | $358357.91    | 0.05%             | 2042-02-20      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Public Service Company of Oklahoma                                                   | AEP 5.2 01/15/35                                      | CUSIP: 744533BR0<br>LEI: F3TJNSIZRGXRH8GEIK79 | Long             | DBT              | CORP              | US        |    415000 | NS      | $419487.24    | 0.06%             | 2035-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| QUALCOMM Inc.                                                                        | QCOM 4.75 05/20/32                                    | CUSIP: 747525BV4<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    185000 | NS      | $188966.03    | 0.03%             | 2032-05-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RR 23 Ltd / RR 23 LLC                                                                | RRAM 2022-23A A2R2                                    | CUSIP: 75000GBK1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |    540000 | NS      | $541384.00    | 0.07%             | 2037-07-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Finance (USA) plc                                                          | RIOLN 5.875 03/14/65                                  | CUSIP: 76720AAW6<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    115000 | NS      | $118774.11    | 0.02%             | 2065-03-14      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Romania (Republic Of)                                                                | ROMANI 5.875 01/30/29 144A                            | CUSIP: 77586RAT7<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    234000 | NS      | $241449.63    | 0.03%             | 2029-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Sabine Pass Liquefaction, LLC                                                        | SPLLLC 4.2 03/15/28                                   | CUSIP: 785592AU0<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |     60000 | NS      | $60059.01     | 0.01%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Sierra Pacific Power Company                                                         | BRKHEC 2.6 05/01/26                                   | CUSIP: 826418BM6<br>LEI: QB888G5GSVGE1LD1WV84 | Long             | DBT              | CORP              | US        |    100000 | NS      | $99516.53     | 0.01%             | 2026-05-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                   | EIX 6 01/15/34                                        | CUSIP: 842400ES8<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     70000 | NS      | $73455.92     | 0.01%             | 2034-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                   | EIX 4 04/01/47                                        | CUSIP: 842400GG2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     25000 | NS      | $18747.41     | 0.00%             | 2047-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Aker BP ASA                                                                          | AKERBP 5.25 10/30/35 144A                             | CUSIP: 00973RAQ6<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |    165000 | NS      | $161195.16    | 0.02%             | 2035-10-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Alcan Inc.                                                                 | RIOLN 6.125 12/15/33                                  | CUSIP: 013716AU9<br>LEI: 2138007ZSQ7B17SKOX77 | Long             | DBT              | CORP              | CA        |    195000 | NS      | $213355.13    | 0.03%             | 2033-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                           | AMGN 5.25 03/02/33                                    | CUSIP: 031162DR8<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    370000 | NS      | $383009.69    | 0.05%             | 2033-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust 2021-7                                                      | AOMT 2021-7 A1                                        | CUSIP: 03464JAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    219689 | NS      | $192066.72    | 0.03%             | 2066-10-25      | Variable      | 1.98%                 | No            |                  2 | On Loan: No      |
| Arizona Public Service Company                                                       | PNW 5.7 08/15/34                                      | CUSIP: 040555DH4<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |    195000 | NS      | $204989.86    | 0.03%             | 2034-08-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| BAE Systems PLC                                                                      | BALN 5.125 03/26/29 144A                              | CUSIP: 05523RAJ6<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |    200000 | NS      | $205601.58    | 0.03%             | 2029-03-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V2.592 04/29/31                                   | CUSIP: 06051GJB6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    155000 | NS      | $144426.02    | 0.02%             | 2031-04-29      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V5.015 07/22/33 MTN                               | CUSIP: 06051GKY4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    157000 | NS      | $160085.34    | 0.02%             | 2033-07-22      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V5.08 01/20/27                                    | CUSIP: 06051GLE7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     30000 | NS      | $30014.49     | 0.00%             | 2027-01-20      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V5.202 04/25/29                                   | CUSIP: 06051GLG2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    665000 | NS      | $682029.25    | 0.09%             | 2029-04-25      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BANK 2019-BNK23                                                                      | BANK 2019-BN23 XA                                     | CUSIP: 06541RBC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2886359 | NS      | $64461.63     | 0.01%             | 2052-12-17      | Variable      | 0.68%                 | No            |                  2 | On Loan: No      |
| Bank 2017 Bnk8                                                                       | BANK 2017-BNK8 A4                                     | CUSIP: 06650AAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | NS      | $342500.38    | 0.05%             | 2050-11-17      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| Berkshire Hathaway Energy Company                                                    | BRKHEC 3.7 07/15/30                                   | CUSIP: 084659AV3<br>LEI: 549300JD0S5IZJE9LY15 | Long             | DBT              | CORP              | US        |    350000 | NS      | $344115.59    | 0.05%             | 2030-07-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust 2022-NQM3                                            | BRAVO 2022-NQM3 A1                                    | CUSIP: 10569JAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    153399 | NS      | $153193.70    | 0.02%             | 2062-07-25      | Variable      | 5.11%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Company                                                         | BMY 2.95 03/15/32                                     | CUSIP: 110122DU9<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    150000 | NS      | $138936.81    | 0.02%             | 2032-03-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-AIRC                                                             | BX 2024-AIRC A                                        | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    374478 | NS      | $375176.41    | 0.05%             | 2041-08-15      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| The Cigna Group                                                                      | CI 5.125 05/15/31                                     | CUSIP: 125523CU2<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    450000 | NS      | $465029.97    | 0.06%             | 2031-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| COMM 2022-HC MORTGAGE TRUST                                                          | COMM 2022-HC A                                        | CUSIP: 12659DAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | NS      | $96518.09     | 0.01%             | 2039-01-10      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| COMM 2022-HC MORTGAGE TRUST                                                          | COMM 2022-HC C                                        | CUSIP: 12659DAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    120000 | NS      | $113551.48    | 0.02%             | 2039-01-10      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| The Campbells Co.                                                                    | CPB 4.75 03/23/35                                     | CUSIP: 134429BQ1<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    167000 | NS      | $161397.72    | 0.02%             | 2035-03-23      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                          | COF V6.051 02/01/35                                   | CUSIP: 14040HDF9<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     20000 | NS      | $21289.80     | 0.00%             | 2035-02-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                          | COF V6.183 01/30/36                                   | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    915000 | NS      | $955152.83    | 0.13%             | 2036-01-30      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 3.85 04/01/61                                    | CUSIP: 161175BY9<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    100000 | NS      | $59591.02     | 0.01%             | 2061-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 6.65 02/01/34                                    | CUSIP: 161175CP7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |     85000 | NS      | $89542.43     | 0.01%             | 2034-02-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 5.85 12/01/35                                    | CUSIP: 161175CS1<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |     30000 | NS      | $29927.23     | 0.00%             | 2035-12-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: —       |
| Comcast Corporation                                                                  | CMCSA 2.887 11/01/51                                  | CUSIP: 20030NDS7<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    250000 | NS      | $146198.35    | 0.02%             | 2051-11-01      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2-30YR-Multi                                         | CUSIP: 21H060614<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2000000 | NS      | $2038046.88   | 0.28%             | 2055-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DURST COMMERCIAL MORTGAGE TRUST 202                                                  | DURST 2025-151 A                                      | CUSIP: 266895AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    880000 | NS      | $896340.56    | 0.12%             | 2042-08-12      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| Edison International                                                                 | EIX 6.25 03/15/30                                     | CUSIP: 281020BC0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    210000 | NS      | $219512.67    | 0.03%             | 2030-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                                    | EPD 4.6 01/15/31                                      | CUSIP: 29379VCK7<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    225000 | NS      | $227764.45    | 0.03%             | 2031-01-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust 2013-2                                           | EART 2025-1A A2                                       | CUSIP: 30167MAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     44760 | NS      | $44767.40     | 0.01%             | 2027-09-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | FR ZI8648                                             | CUSIP: 3131WMTD8<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGSE             | US        |     41272 | NS      | $41629.03     | 0.01%             | 2039-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | FR ZS4597                                             | CUSIP: 3132A5DA0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGSE             | US        |    267645 | NS      | $267152.97    | 0.04%             | 2044-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FNR 2017-16 PB                                        | CUSIP: 3136AVZX0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    288000 | NS      | $254224.02    | 0.03%             | 2047-03-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2017-34 JK                                        | CUSIP: 3136AWTK3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |      7796 | NS      | $7674.72      | 0.00%             | 2047-05-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2017-49 JA                                        | CUSIP: 3136AXJT3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     14390 | NS      | $14367.26     | 0.00%             | 2053-07-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FHMS K068 A2                                          | CUSIP: 3137FBBX3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    190000 | NS      | $188331.55    | 0.03%             | 2027-08-25      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FHMS K114 X1                                          | CUSIP: 3137FVNJ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1446330 | NS      | $60715.50     | 0.01%             | 2030-06-25      | Variable      | 1.11%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                               | FHMS K547 A2                                          | CUSIP: 3137HN6B9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    950000 | NS      | $963845.75    | 0.13%             | 2030-05-25      | Variable      | 4.42%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN 867553                                             | CUSIP: 31409CZS7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1165 | NS      | $1196.78      | 0.00%             | 2036-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA0983                                             | CUSIP: 3140Q8CV5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     20591 | NS      | $20368.33     | 0.00%             | 2048-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA3967                                             | CUSIP: 3140QBMR6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    266540 | NS      | $250637.77    | 0.03%             | 2049-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB2764                                             | CUSIP: 3140QNCA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    823722 | NS      | $667131.31    | 0.09%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust 2021-1                                            | EFMT 2021-1 A1                                        | CUSIP: 31574XAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    322136 | NS      | $282451.97    | 0.04%             | 2066-02-25      | Variable      | 0.80%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA3309                                             | CUSIP: 36179RVA4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     27559 | NS      | $25154.38     | 0.00%             | 2045-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA5467                                             | CUSIP: 36179UCC4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    115754 | NS      | $114786.79    | 0.02%             | 2048-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA6410                                             | CUSIP: 36179VDP2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    229870 | NS      | $211977.06    | 0.03%             | 2050-01-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                 | GLENLN 2.85 04/27/31 144A                             | CUSIP: 378272BE7<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     40000 | NS      | $36896.88     | 0.00%             | 2031-04-27      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V5.207 01/28/31 -                                  | CUSIP: 38141GC36<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    130000 | NS      | $134243.97    | 0.02%             | 2031-01-28      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Idex Corporation                                                                     | IEX 2.625 06/15/31                                    | CUSIP: 45167RAH7<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | DBT              | CORP              | US        |    205000 | NS      | $187225.55    | 0.03%             | 2031-06-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Ingersoll Rand Inc                                                                   | IR 5.7 08/14/33                                       | CUSIP: 45687VAB2<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |    155000 | NS      | $164222.06    | 0.02%             | 2033-08-14      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Jpmdb Commercial Mortgage Secu                                                       | JPMDB 2016-C2 A4                                      | CUSIP: 46590LAT9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    545000 | NS      | $541570.50    | 0.07%             | 2049-06-17      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V5.336 01/23/35                                   | CUSIP: 46647PEC6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    140000 | NS      | $145098.64    | 0.02%             | 2035-01-23      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST 2024-VIS                                                  | JPMMT 2024-VIS2 A1                                    | CUSIP: 46658DAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1045605 | NS      | $1057681.25   | 0.14%             | 2064-11-25      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| Lennar Corp.                                                                         | LEN 4.75 11/29/27                                     | CUSIP: 526057CD4<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |    170000 | NS      | $171362.67    | 0.02%             | 2027-11-29      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                                                | LOW 1.7 09/15/28                                      | CUSIP: 548661ED5<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    250000 | NS      | $235514.69    | 0.03%             | 2028-09-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                              | MPLX 5.5 06/01/34                                     | CUSIP: 55336VBX7<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    360000 | NS      | $367268.81    | 0.05%             | 2034-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MARSHALL UNIV W VA                                                                   | WV MARHGR 3.13 05/01/2028                             | CUSIP: 572716KC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | NS      | $98018.24     | 0.01%             | 2028-05-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V4.431 01/23/30 GMTN                               | CUSIP: 6174468G7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    100000 | NS      | $100554.01    | 0.01%             | 2030-01-23      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V2.699 01/22/31 GMTN                               | CUSIP: 6174468L6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    350000 | NS      | $328298.81    | 0.04%             | 2031-01-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V5.449 07/20/29                                    | CUSIP: 61747YFF7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     70000 | NS      | $72236.43     | 0.01%             | 2029-07-20      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE                                                  | MSRM 2025-NQM4 A1A                                    | CUSIP: 617945AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1042864 | NS      | $1051207.00   | 0.14%             | 2070-05-25      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| NXP B V / NXP Funding LLC & NXP USA Inc                                              | NXPI 2.65 02/15/32                                    | CUSIP: 62954HAJ7<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | NL        |    325000 | NS      | $291927.19    | 0.04%             | 2032-02-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust 2014-4                                                    | NAVSL 2021-EA A                                       | CUSIP: 63942EAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    109264 | NS      | $98544.42     | 0.01%             | 2069-12-16      | Fixed         | 0.97%                 | No            |                  2 | On Loan: No      |
| NEUBERGER BERMAN LOAN ADVISERS NBLA                                                  | NEUB 2022-50A AR                                      | CUSIP: 64134VAQ9<br>LEI: 549300UMYON6L2REF246 | Long             | ABS-CBDO         | CORP              | JE        |    675000 | NS      | $675152.56    | 0.09%             | 2036-07-23      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| NiSource Inc.                                                                        | NI 5.35 07/15/35                                      | CUSIP: 65473PAX3<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    385000 | NS      | $393621.63    | 0.05%             | 2035-07-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| AutoNation, Inc.                                                                     | AN 1.95 08/01/28                                      | CUSIP: 05329WAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | NS      | $70744.90     | 0.01%             | 2028-08-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                             | AESOP 2024-3A A                                       | CUSIP: 05377RJK1<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    245000 | NS      | $252595.98    | 0.03%             | 2030-12-20      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| OHA CREDIT FUNDING 15-R LTD                                                          | OAKC 2023-15RA A                                      | CUSIP: 67121NAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2350000 | NS      | $2355703.44   | 0.32%             | 2038-07-20      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Ohio Power Company                                                                   | AEP 5 06/01/33                                        | CUSIP: 677415CV1<br>LEI: 06ZODLC132CY1O2Y7D77 | Long             | DBT              | CORP              | US        |    200000 | NS      | $202641.69    | 0.03%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 2.95 04/01/30                                    | CUSIP: 68389XBV6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    210000 | NS      | $193865.45    | 0.03%             | 2030-04-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-RPL2 LLC                                                                   | PRPM 2025-RPL2 A1                                     | CUSIP: 69392MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    568091 | NS      | $555236.81    | 0.08%             | 2055-04-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 2.1 08/01/27                                      | CUSIP: 694308JF5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    625000 | NS      | $605906.81    | 0.08%             | 2027-08-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 5.8 05/15/34                                      | CUSIP: 694308KR7<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    470000 | NS      | $488126.69    | 0.07%             | 2034-05-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 6.15 03/01/55                                     | CUSIP: 694308KV8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     54000 | NS      | $53420.74     | 0.01%             | 2055-03-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co LP / PTL Finance Corp.                                       | PENSKE 6.05 08/01/28 144A                             | CUSIP: 709599BW3<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |     65000 | NS      | $67722.20     | 0.01%             | 2028-08-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co LP / PTL Finance Corp.                                       | PENSKE 5.35 03/30/29 144A                             | CUSIP: 709599BZ6<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |     55000 | NS      | $56595.81     | 0.01%             | 2029-03-30      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Pinnacle West Capital Corp.                                                          | PNW 5.15 05/15/30                                     | CUSIP: 723484AN1<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |    200000 | NS      | $206082.50    | 0.03%             | 2030-05-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Poland (Republic of)                                                                 | POLAND 5.5 03/18/54 30Y                               | CUSIP: 731011AZ5<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    270000 | NS      | $258209.78    | 0.03%             | 2054-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Prologis, L.P.                                                                       | PLD 4.625 01/15/33                                    | CUSIP: 74340XBT7<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |    300000 | NS      | $302742.28    | 0.04%             | 2033-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer Llc                                                      | SIDC 2023-2A A2                                       | CUSIP: 85236KAH5<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |    260000 | NS      | $261308.30    | 0.04%             | 2048-07-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| STARWOOD MTD RES TR 2021-1                                                           | STAR 2021-1 A1                                        | CUSIP: 85573GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105668 | NS      | $99702.26     | 0.01%             | 2065-05-25      | Variable      | 1.22%                 | No            |                  2 | On Loan: No      |
| Taco Bell Funding Llc                                                                | BELL 2021-1A A23                                      | CUSIP: 87342RAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    437212 | NS      | $383717.59    | 0.05%             | 2051-08-25      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                                                | TRGP 5.4 07/30/36                                     | CUSIP: 87612GAS0<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    310000 | NS      | $310356.65    | 0.04%             | 2036-07-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                                                         | B 0 01/13/26                                          | CUSIP: 912797SF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5515000 | NS      | $5507907.50   | 0.75%             | 2026-01-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4.375 05/15/40                                      | CUSIP: 912810QH4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2380000 | NS      | $2339558.50   | 0.32%             | 2040-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4.75 02/15/41                                       | CUSIP: 912810QN1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    730000 | NS      | $742946.13    | 0.10%             | 2041-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | TII 0.75 02/15/45                                     | CUSIP: 912810RL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    755000 | NS      | $758927.64    | 0.10%             | 2045-02-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 2.25 02/15/52                                       | CUSIP: 912810TD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1365000 | NS      | $828171.06    | 0.11%             | 2052-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 3 08/15/52                                          | CUSIP: 912810TJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3485000 | NS      | $2495995.07   | 0.34%             | 2052-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4.25 08/15/54                                       | CUSIP: 912810UC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3128000 | NS      | $2828151.78   | 0.38%             | 2054-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.5 12/31/31                                        | CUSIP: 91282CMC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13920000 | NS      | $14405025.00  | 1.95%             | 2031-12-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 5.3 02/15/30                                      | CUSIP: 91324PEQ1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     30000 | NS      | $31276.82     | 0.00%             | 2030-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                     | PARA 4.375 03/15/43                                   | CUSIP: 92553PAP7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    385000 | NS      | $267789.64    | 0.04%             | 2043-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                     | PARA 4.95 01/15/31                                    | CUSIP: 92556HAB3<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |     80000 | NS      | $76930.02     | 0.01%             | 2031-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Virginia Electric and Power Company                                                  | D 5 04/01/33                                          | CUSIP: 927804GK4<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    260000 | NS      | $266246.02    | 0.04%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Prologis, L.P.                                                                       | PLD 1.75 07/01/30                                     | CUSIP: 74340XBZ3<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |    625000 | NS      | $562276.69    | 0.08%             | 2030-07-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ROCK TR 2024-CNTR                                                                    | ROCC 2024-CNTR A                                      | CUSIP: 74970WAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | NS      | $821902.31    | 0.11%             | 2041-11-15      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Servicenow Inc                                                                       | NOW 1.4 09/01/30                                      | CUSIP: 81762PAE2<br>LEI: 549300HJTQM36M0E1G39 | Long             | DBT              | CORP              | US        |    452000 | NS      | $398222.50    | 0.05%             | 2030-09-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                   | EIX 5.7 03/01/53                                      | CUSIP: 842400HV8<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    214000 | NS      | $198605.46    | 0.03%             | 2053-03-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Co. / AerCap Global Aviation Trust (AER)  | AER 5.375 12/15/31                                    | CUSIP: 00774MBP9<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    360000 | NS      | $372851.53    | 0.05%             | 2031-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Southwestern Electric Power Company                                                  | AEP 5.3 04/01/33                                      | CUSIP: 845437BU5<br>LEI: R64UBJHEC74EB3HGQ410 | Long             | DBT              | CORP              | US        |    215000 | NS      | $220901.41    | 0.03%             | 2033-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| SYMPHONY CLO LTD 2025-52A                                                            | ABS FLOAT SER.2025-52A CL.AR                          | CUSIP: 87170MAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1350000 | NS      | $1350000.00   | 0.18%             | 2036-01-20      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                                             | CUSIP: 01F020612<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | ABS-MBS          | USGSE             | US        |  -3000000 | NS      | $-2424363.00  | -0.33%            | 2055-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                                             | CUSIP: 01F022618<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9852000 | NS      | $8327249.00   | 1.13%             | 2055-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Texas Debt Capital CLO 2023-I Ltd.                                                   | TCIFC 2023-1A BR                                      | CUSIP: 88238CAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    310000 | NS      | $311346.34    | 0.04%             | 2038-07-20      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                        | USB V4.967 07/22/33 MTN                               | CUSIP: 91159HJG6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    785000 | NS      | $790893.38    | 0.11%             | 2033-07-22      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | TII 1.375 02/15/44                                    | CUSIP: 912810RF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    975000 | NS      | $1137253.84   | 0.15%             | 2044-02-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | TII 1 02/15/46                                        | CUSIP: 912810RR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    300000 | NS      | $309897.73    | 0.04%             | 2046-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| BINOM SECURITIZATION TRUST 2021-INV                                                  | BINOM 2021-INV1 A1                                    | CUSIP: 05552UAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    111726 | NS      | $102802.95    | 0.01%             | 2056-06-25      | Variable      | 2.03%                 | No            |                  2 | On Loan: No      |
| BANK5 2025-5YR15                                                                     | BANK5 2025-5YR15 A3                                   | CUSIP: 065924AG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550000 | NS      | $571198.81    | 0.08%             | 2058-07-17      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 2.875 05/15/49                                      | CUSIP: 912810SH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1280000 | NS      | $918250.00    | 0.12%             | 2049-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.25 11/15/34                                       | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7675000 | NS      | $7755647.47   | 1.05%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.75 06/30/27                                       | CUSIP: 91282CNL1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14490000 | NS      | $14546036.00  | 1.97%             | 2027-06-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                                    | S 0 08/15/35                                          | CUSIP: 9128335A4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    870000 | NS      | $573953.38    | 0.08%             | 2035-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Co. / AerCap Global Aviation Trust (AER)  | AER 2.45 10/29/26                                     | CUSIP: 00774MAV7<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    725000 | NS      | $715145.81    | 0.10%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-15YR                                             | CUSIP: 01F020414<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    600000 | NS      | $555375.00    | 0.08%             | 2040-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| American International Group Inc.                                                    | AIG 3.4 06/30/30                                      | CUSIP: 026874DR5<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |     50000 | NS      | $48201.96     | 0.01%             | 2030-06-30      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Ameriprise Financial, Inc.                                                           | AMP 5.2 04/15/35                                      | CUSIP: 03076CAP1<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | DBT              | CORP              | US        |    300000 | NS      | $306290.81    | 0.04%             | 2035-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2022-1                                                      | AOMT 2022-1 A1                                        | CUSIP: 03464BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    605574 | NS      | $574178.69    | 0.08%             | 2066-12-25      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST LLC                                                         | AOMT 2020-4 A1                                        | CUSIP: 03464LAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20034 | NS      | $19380.76     | 0.00%             | 2065-05-25      | Variable      | 1.47%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                             | AOMT 2020-2 A1A                                       | CUSIP: 03464XAL4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     62772 | NS      | $59892.67     | 0.01%             | 2065-01-25      | Variable      | 2.53%                 | No            |                  2 | On Loan: No      |
| Ashtead Capital Inc.                                                                 | AHTLN 5.8 04/15/34 144A                               | CUSIP: 045054AS2<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    377000 | NS      | $395249.47    | 0.05%             | 2034-04-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                                                | ATH 2.646 10/04/31 144A                               | CUSIP: 04685A3E9<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    385000 | NS      | $340452.01    | 0.05%             | 2031-10-04      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                                                | ATH 4.721 10/08/29 144A                               | CUSIP: 04685A4C2<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    325000 | NS      | $325020.88    | 0.04%             | 2029-10-08      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| BHP Billiton Finance (USA) Ltd.                                                      | BHP 4.9 02/28/33                                      | CUSIP: 055451BA5<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |     95000 | NS      | $96937.05     | 0.01%             | 2033-02-28      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BMO 2024-C9 MORTGAGE TRUST                                                           | BMO 2024-C9 A5                                        | CUSIP: 05593MAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    475000 | NS      | $503755.47    | 0.07%             | 2057-07-17      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| BX Trust 2025-Roic                                                                   | BX 2025-ROIC A                                        | CUSIP: 05593VAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    547863 | NS      | $547178.81    | 0.07%             | 2042-02-18      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2025-B                                                  | BOCA 2025-BOCA A                                      | CUSIP: 05619RAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    660000 | NS      | $660824.50    | 0.09%             | 2042-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK5 2025-5YR17                                                                     | BANK5 2025-5YR17 AS                                   | CUSIP: 06211GAP1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    850000 | NS      | $876327.00    | 0.12%             | 2058-11-18      | Variable      | 5.63%                 | No            |                  2 | On Loan: No      |
| Bank 2017-Bnk4                                                                       | BANK 2019-BN24 XA                                     | CUSIP: 06540VBC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    969436 | NS      | $21549.50     | 0.00%             | 2062-11-17      | Variable      | 0.63%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                         | BACR V5.785 02/25/36                                  | CUSIP: 06738ECZ6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    575000 | NS      | $601902.38    | 0.08%             | 2036-02-25      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                                       | BCRED 6 01/29/32                                      | CUSIP: 09261HBX4<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    125000 | NS      | $126886.50    | 0.02%             | 2032-01-29      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 4.11 09/15/28                                    | CUSIP: 11135FAL5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     12000 | NS      | $12032.98     | 0.00%             | 2028-09-15      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| Bunge Ltd Finance Corp.                                                              | BG 4.2 09/17/29                                       | CUSIP: 120568BE9<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |    231000 | NS      | $231131.14    | 0.03%             | 2029-09-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BWAY TRUST 2025-1535                                                                 | BWAY 2025-1535 A                                      | CUSIP: 12430BAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    395000 | NS      | $408571.44    | 0.06%             | 2042-05-07      | Variable      | 6.31%                 | No            |                  2 | On Loan: No      |
| Cbamr 2017-4 Ltd. / Cbamr 2017-4 LLC                                                 | CBAMR 2017-4A A1R                                     | CUSIP: 12516EAC5<br>LEI: 635400U9D8ZDLM1G7T76 | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | NS      | $1405507.63   | 0.19%             | 2038-03-31      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                      | CVS 2.125 09/15/31                                    | CUSIP: 126650DR8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    175000 | NS      | $153731.42    | 0.02%             | 2031-09-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Carrier Global Corporation                                                           | CARR 2.7 02/15/31                                     | CUSIP: 14448CAL8<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    325000 | NS      | $301232.28    | 0.04%             | 2031-02-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 5.125 07/01/49                                   | CUSIP: 161175BS2<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    135000 | NS      | $105644.28    | 0.01%             | 2049-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners Lp                                                          | CQP 5.95 06/30/33                                     | CUSIP: 16411QAQ4<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    135000 | NS      | $143150.33    | 0.02%             | 2033-06-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Columbia Pipelines Holding Co. LLC                                                   | CPGX 5.681 01/15/34 144A                              | CUSIP: 19828AAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | NS      | $180307.59    | 0.02%             | 2034-01-15      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Consolidated Edison Company of New York, Inc.                                        | ED 3.2 12/01/51                                       | CUSIP: 209111GC1<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    145000 | NS      | $96280.11     | 0.01%             | 2051-12-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2-30YR-Multi                                         | CUSIP: 21H032613<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3250000 | NS      | $2957117.00   | 0.40%             | 2055-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Cox Communications, Inc.                                                             | COXENT 5.45 09/01/34 144A                             | CUSIP: 224044CU9<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |     55000 | NS      | $54117.65     | 0.01%             | 2034-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                                                                    | CCI 4.8 09/01/28                                      | CUSIP: 22822VBB6<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |     60000 | NS      | $60872.80     | 0.01%             | 2028-09-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                               | FANG 5.4 04/18/34                                     | CUSIP: 25278XAZ2<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    200000 | NS      | $204784.88    | 0.03%             | 2034-04-18      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                               | FANG 5.75 04/18/54                                    | CUSIP: 25278XBA6<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |     25000 | NS      | $23625.93     | 0.00%             | 2054-04-18      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                                     | DUK 3.15 08/15/27                                     | CUSIP: 26441CAX3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    475000 | NS      | $469077.22    | 0.06%             | 2027-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Entergy Corporation                                                                  | ETR 2.95 09/01/26                                     | CUSIP: 29364GAJ2<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |    975000 | NS      | $967739.94    | 0.13%             | 2026-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Equinor ASA                                                                          | EQNR 3.625 04/06/40                                   | CUSIP: 29446MAG7<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |    190000 | NS      | $160584.97    | 0.02%             | 2040-04-06      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                   | META 5.55 08/15/64                                    | CUSIP: 30303M8W5<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    255000 | NS      | $236536.65    | 0.03%             | 2064-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                   | META 5.75 11/15/65                                    | CUSIP: 30303M8Y1<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    465000 | NS      | $443379.24    | 0.06%             | 2065-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | FHLB 4.75 12/10/32                                    | CUSIP: 3130ATVX2<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    600000 | NS      | $626396.50    | 0.08%             | 2032-12-10      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR ZI3211                                             | CUSIP: 3131WFR86<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6214 | NS      | $6435.75      | 0.00%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD2903                                             | CUSIP: 3132DQGL4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1246689 | NS      | $1018319.19   | 0.14%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD8063                                             | CUSIP: 3132DV5Y7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    317264 | NS      | $295753.66    | 0.04%             | 2050-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD7543                                             | CUSIP: 3132DVLY9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2534344 | NS      | $2188091.75   | 0.30%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR QD5035                                             | CUSIP: 3133B2SY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2088838 | NS      | $1689354.25   | 0.23%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2015-48 QB                                        | CUSIP: 3136APKJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |      9210 | NS      | $9077.95      | 0.00%             | 2043-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2016-11 GA                                        | CUSIP: 3136ARQA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     29085 | NS      | $27404.81     | 0.00%             | 2046-03-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2022-90 AY                                        | CUSIP: 3136BPRL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    680000 | NS      | $679981.44    | 0.09%             | 2041-12-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FHMS K122 X1                                          | CUSIP: 3137F82T9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    439682 | NS      | $15391.55     | 0.00%             | 2030-11-25      | Variable      | 0.87%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FHMS K104 X1                                          | CUSIP: 3137FREK3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    948588 | NS      | $35398.63     | 0.00%             | 2030-01-25      | Variable      | 1.11%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AS8142                                             | CUSIP: 3138WJBL1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    285790 | NS      | $276316.50    | 0.04%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN 867613                                             | CUSIP: 31409C3W3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     11184 | NS      | $11595.70     | 0.00%             | 2036-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA6412                                             | CUSIP: 3140QEDS8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    188374 | NS      | $161020.88    | 0.02%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB6080                                             | CUSIP: 3140QRXJ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    742092 | NS      | $759964.25    | 0.10%             | 2053-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB7867                                             | CUSIP: 3140QTW54<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3377583 | NS      | $3511747.25   | 0.48%             | 2054-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AB3744                                             | CUSIP: 31417AES4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     97265 | NS      | $95124.94     | 0.01%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA3694                                             | CUSIP: 31418DC83<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    346962 | NS      | $343177.34    | 0.05%             | 2049-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2022-DNA7                                              | STACR 2023-HQA3 A1                                    | CUSIP: 35564K3F4<br>LEI: 5493000IRUQLXTG4SV18 | Long             | ABS-O            | USGSE             | US        |     86973 | NS      | $87761.19     | 0.01%             | 2043-11-25      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                        | STACR 2025-DNA2 A1                                    | CUSIP: 35564NHY2<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    368750 | NS      | $369571.91    | 0.05%             | 2045-05-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                           | BA 5.805 05/01/50                                     | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    200000 | NS      | $196718.88    | 0.03%             | 2050-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Bravo Residential Funding Trust 2021-NMQ2                                            | BRAVO 2021-NQM2 A1                                    | CUSIP: 10569EAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     23021 | NS      | $22532.63     | 0.00%             | 2060-03-25      | Variable      | 0.97%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA3378                                             | CUSIP: 36179RXF1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     63583 | NS      | $63336.85     | 0.01%             | 2046-01-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA5265                                             | CUSIP: 36179TZ65<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    109080 | NS      | $108154.55    | 0.01%             | 2048-06-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA8043                                             | CUSIP: 36179W5C8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    852881 | NS      | $767335.69    | 0.10%             | 2052-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7766                                             | CUSIP: 36179WTX6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1731735 | NS      | $1434642.13   | 0.19%             | 2051-12-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Haleon US Capital LLC.                                                               | HLNLN 3.375 03/24/27                                  | CUSIP: 36264FAK7<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |    775000 | NS      | $769315.40    | 0.10%             | 2027-03-24      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                 | GLENLN 5.371 04/04/29 144A                            | CUSIP: 378272BS6<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    375000 | NS      | $387009.03    | 0.05%             | 2029-04-04      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC V6.161 03/09/29                                  | CUSIP: 404280DU0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | NS      | $208218.63    | 0.03%             | 2029-03-09      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                    | INTC 4.1 05/11/47                                     | CUSIP: 458140AY6<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    100000 | NS      | $75592.79     | 0.01%             | 2047-05-11      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange Inc                                                        | ICE 2.65 09/15/40                                     | CUSIP: 45866FAP9<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    350000 | NS      | $259736.61    | 0.04%             | 2040-09-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V2.58 04/22/32                                    | CUSIP: 46647PCC8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    200000 | NS      | $182810.38    | 0.02%             | 2032-04-22      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V5.103 04/22/31                                   | CUSIP: 46647PEY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    255000 | NS      | $263281.50    | 0.04%             | 2031-04-22      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V4.255 10/22/31                                   | CUSIP: 46647PFD3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    330000 | NS      | $328998.91    | 0.04%             | 2031-10-22      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| J.P.MORGAN MORTGAGE TR 2024-1                                                        | JPMMT 2024-1 A4                                       | CUSIP: 46657PAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    182732 | NS      | $183666.39    | 0.02%             | 2054-06-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JBS USA Holding Lux S.a.r.l./JBS USA Food Co /JBS USA Foods Group Holdings Inc.      | JBSSBZ 6.25 03/01/56 144A                             | CUSIP: 472140AG7<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |     65000 | NS      | $64693.30     | 0.01%             | 2056-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MFA 2020-NQM3 TRUST                                                                  | MFRA 2020-NQM3 A1                                     | CUSIP: 552757AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10551 | NS      | $10080.50     | 0.00%             | 2065-01-25      | Variable      | 1.01%                 | No            |                  2 | On Loan: No      |
| MF1 2022-FL8 LTD                                                                     | MF1 2022-FL8 AS                                       | CUSIP: 55284JAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    345000 | NS      | $344150.13    | 0.05%             | 2037-02-20      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                              | MPLX 4.125 03/01/27                                   | CUSIP: 55336VAK6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     35000 | NS      | $35015.57     | 0.00%             | 2027-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                              | MPLX 4.25 12/01/27                                    | CUSIP: 55336VBN9<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     75000 | NS      | $75198.07     | 0.01%             | 2027-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                              | MPLX 1.75 03/01/26                                    | CUSIP: 55336VBR0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     70000 | NS      | $69723.94     | 0.01%             | 2026-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                              | MPLX 5.4 09/15/35                                     | CUSIP: 55336VCC2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    105000 | NS      | $105781.18    | 0.01%             | 2035-09-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MSWF COMMERCIAL MORTGAGE TRUST 2023                                                  | MSWF 2023-2 XA                                        | CUSIP: 55361AAV6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    345518 | NS      | $19351.37     | 0.00%             | 2056-12-15      | Variable      | 0.91%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                                                            | MARS 4.6 03/01/28 144A                                | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    170000 | NS      | $172329.07    | 0.02%             | 2028-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| AGL CLO 34 LTD /LLC                                                                  | AGL 2024-34A A1                                       | CUSIP: 00121JAA0<br>LEI: 254900KKYZC78Z944L27 | Long             | ABS-CBDO         | CORP              | KY        |   1625000 | NS      | $1628240.25   | 0.22%             | 2038-01-22      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Loan Trust 2015-2                                                 | MCMLT 2018-1 A1                                       | CUSIP: 59980VAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     11872 | NS      | $11806.26     | 0.00%             | 2062-05-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                                                        | NFLX 5.875 11/15/28                                   | CUSIP: 64110LAT3<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    390000 | NS      | $410037.66    | 0.06%             | 2028-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BANK 2020-BNK29                                                                      | BANK 2020-BN29 XA                                     | CUSIP: 06541TBL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2748470 | NS      | $139202.84    | 0.02%             | 2053-11-18      | Variable      | 1.30%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2024-C24                                                        | BBCMS 2024-C24 A5                                     | CUSIP: 07336VAU5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    325000 | NS      | $339010.59    | 0.05%             | 2057-02-16      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                                  | NEE 2.25 06/01/30                                     | CUSIP: 65339KBR0<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    480000 | NS      | $441428.60    | 0.06%             | 2030-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                                  | NEE 4.625 07/15/27                                    | CUSIP: 65339KCH1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     95000 | NS      | $96018.84     | 0.01%             | 2027-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corporation                                                         | NOC 5.15 05/01/40                                     | CUSIP: 666807BT8<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    220000 | NS      | $218595.25    | 0.03%             | 2040-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corporation                                                         | NOC 4.65 07/15/30                                     | CUSIP: 666807CN0<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    100000 | NS      | $101776.75    | 0.01%             | 2030-07-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                           | BA 3.2 03/01/29                                       | CUSIP: 097023CD5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    155000 | NS      | $150268.24    | 0.02%             | 2029-03-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 4.2 10/15/30                                     | CUSIP: 11135FCW9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    450000 | NS      | $449657.73    | 0.06%             | 2030-10-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| NRTH COMMERCIAL MORTGAGE TRUST 2025-PARK                                             | NRTH 2025-PARK A                                      | CUSIP: 669985AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    410000 | NS      | $410384.75    | 0.06%             | 2040-10-15      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| NVIDIA Corp.                                                                         | NVDA 3.5 04/01/40                                     | CUSIP: 67066GAG9<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |    310000 | NS      | $261940.01    | 0.04%             | 2040-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                      | CVS 3.25 08/15/29                                     | CUSIP: 126650DG2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    170000 | NS      | $164106.10    | 0.02%             | 2029-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Consolidated Inc                                                           | COKE 5.45 06/01/34                                    | CUSIP: 191098AP7<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | DBT              | CORP              | US        |    169000 | NS      | $176868.22    | 0.02%             | 2034-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| OBX TRUST 2021-NQM1                                                                  | OBX 2021-NQM1 A1                                      | CUSIP: 67114BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    178769 | NS      | $157422.31    | 0.02%             | 2066-02-25      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| Oglethorpe Power Corp.                                                               | OGLETH 5.05 10/01/48                                  | CUSIP: 677050AN6<br>LEI: 3EERXCUSWMS9GV5D9M98 | Long             | DBT              | CORP              | US        |    120000 | NS      | $107571.18    | 0.01%             | 2048-10-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Oneok Inc.                                                                           | OKE 6.625 09/01/53                                    | CUSIP: 682680BN2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     25000 | NS      | $26182.36     | 0.00%             | 2053-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 4.65 05/06/30                                    | CUSIP: 68389XCN3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    350000 | NS      | $346933.72    | 0.05%             | 2030-05-06      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Dominos Pizza Inc.                                                                   | DPABS 2017-1A A23                                     | CUSIP: 25755TAH3<br>LEI: 25490005ZWM1IF9UXU57 | Long             | ABS-O            | CORP              | US        |    611000 | NS      | $607495.31    | 0.08%             | 2047-07-25      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR QD4104                                             | CUSIP: 3133B1RZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    803454 | NS      | $652004.94    | 0.09%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-RCF3 LLC                                                                   | PRPM 2025-6 A1                                        | CUSIP: 69395KAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    397405 | NS      | $397386.59    | 0.05%             | 2030-08-25      | Variable      | 5.77%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 4.75 02/15/44                                     | CUSIP: 694308HH3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     70000 | NS      | $59114.84     | 0.01%             | 2044-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FHR 4146 AB                                           | CUSIP: 3137AXEH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |      8879 | NS      | $8702.43      | 0.00%             | 2027-12-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AZ7821                                             | CUSIP: 3140E0VP7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    122214 | NS      | $116029.81    | 0.02%             | 2045-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 6.15 01/15/33                                     | CUSIP: 694308KJ5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    214000 | NS      | $227074.40    | 0.03%             | 2033-01-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 6.4 06/15/33                                      | CUSIP: 694308KM8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    100000 | NS      | $107839.62    | 0.01%             | 2033-06-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA5519                                             | CUSIP: 3140QDDZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    610391 | NS      | $545701.94    | 0.07%             | 2050-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP 2021-230P                                                         | MSC 2021-230P A                                       | CUSIP: 61772WAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | NS      | $288759.31    | 0.04%             | 2038-12-15      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 5.9 10/01/54                                      | CUSIP: 694308KT3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    165000 | NS      | $158136.88    | 0.02%             | 2054-10-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| ROCK TR 2024-CNTR                                                                    | ROCC 2024-CNTR B                                      | CUSIP: 74970WAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | NS      | $206656.48    | 0.03%             | 2041-11-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| NEW RES MTG LN TR 2025-NQM1                                                          | NRZT 2025-NQM7 A2                                     | CUSIP: 64831YAF3<br>LEI: 213800CZKHCTHKMD9W65 | Long             | ABS-O            | CORP              | US        |    750000 | NS      | $751075.38    | 0.10%             | 2065-10-26      | Variable      | 5.26%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 4.8 09/26/32                                     | CUSIP: 68389XDK8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1210000 | NS      | $1168160.66   | 0.16%             | 2032-09-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Regal Rexnord Corporation                                                            | RRX 6.3 02/15/30 *                                    | CUSIP: 758750AN3<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    794000 | NS      | $841530.69    | 0.11%             | 2030-02-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Solventum Corp.                                                                      | SOLV 5.4 03/01/29                                     | CUSIP: 83444MAP6<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    206000 | NS      | $213350.05    | 0.03%             | 2029-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Towd Pt Mtg Tr 2018-5                                                                | TPMT 2018-5 A1A                                       | CUSIP: 89176VAK8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     43558 | NS      | $43184.24     | 0.01%             | 2058-07-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 2.5 02/15/46                                        | CUSIP: 912810RQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3010000 | NS      | $2096065.29   | 0.28%             | 2046-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Southern Co.                                                                         | SO 4.85 06/15/28                                      | CUSIP: 842587DQ7<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    125000 | NS      | $127259.94    | 0.02%             | 2028-06-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| STREAM INNOVATIONS 2025-1 ISSUER TRUST                                               | STRE 2025-1A A                                        | CUSIP: 86324XAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190840 | NS      | $192700.94    | 0.03%             | 2045-09-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.625 02/15/35                                      | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8830000 | NS      | $9165609.00   | 1.24%             | 2035-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                                    | S 0 08/15/31                                          | CUSIP: 9128334S6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1150000 | NS      | $922635.06    | 0.12%             | 2031-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                                  | SYF V6 07/29/36                                       | CUSIP: 87165BAY9<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    165000 | NS      | $169362.76    | 0.02%             | 2036-07-29      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 5.05 07/15/33                                    | CUSIP: 87264ACY9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     45000 | NS      | $45920.32     | 0.01%             | 2033-07-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ZAYO ISSUER LLC                                                                      | ZAYO 2025-1A A2                                       | CUSIP: 98919WAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    365000 | NS      | $370747.69    | 0.05%             | 2055-03-20      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                                                | TRGP 5.55 08/15/35                                    | CUSIP: 87612GAM3<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    330000 | NS      | $337758.47    | 0.05%             | 2035-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable LLC                                                                | CHTR 4.5 09/15/42                                     | CUSIP: 88732JBD9<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |    200000 | NS      | $153804.58    | 0.02%             | 2042-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 1.25 05/15/50                                       | CUSIP: 912810SN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5100000 | NS      | $2441226.63   | 0.33%             | 2050-05-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4 11/15/42                                          | CUSIP: 912810TM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | NS      | $1374843.75   | 0.19%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 3.875 05/15/43                                      | CUSIP: 912810TS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1200000 | NS      | $1076484.38   | 0.15%             | 2043-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 1.125 02/28/27                                      | CUSIP: 912828ZB9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    265000 | NS      | $257857.42    | 0.03%             | 2027-02-28      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 3.75 10/15/47                                     | CUSIP: 91324PDF6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     65000 | NS      | $49630.28     | 0.01%             | 2047-10-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UNIV CALIF REGTS MED CTR                                                             | CA UNVHGR 6.55 05/15/2048                             | CUSIP: 913366EP1<br>LEI: RRR42I7GG51DB5HDQR14 | Long             | DBT              | MUN               | US        |     80000 | NS      | $85454.02     | 0.01%             | 2048-05-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| VERUS SECRITIZATION TR 2021-R2                                                       | VERUS 2021-R2 A1                                      | CUSIP: 92538DAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     62487 | NS      | $59370.67     | 0.01%             | 2064-02-25      | Variable      | 0.92%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust 2019-Inv3                                                 | VERUS 2021-2 A1                                       | CUSIP: 92538FAA2<br>LEI: 213800DTJD5UKJR53O34 | Long             | ABS-O            | CORP              | US        |    136578 | NS      | $124757.83    | 0.02%             | 2066-02-25      | Variable      | 1.03%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V3.35 03/02/33 MTN                                | CUSIP: 95000U2U6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    290000 | NS      | $270667.68    | 0.04%             | 2033-03-02      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Wabtec Corp                                                                          | WAB 4.9 05/29/30                                      | CUSIP: 960386AS9<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    195000 | NS      | $199519.80    | 0.03%             | 2030-05-29      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Wingstop Funding LLC                                                                 | WSTOP 2020-1A A2                                      | CUSIP: 974153AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    408775 | NS      | $396041.38    | 0.05%             | 2050-12-05      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| Bermuda (Government of)                                                              | BERMUD 2.375 08/20/30 REGS                            | CUSIP: G10367AE3<br>LEI: 549300FP5PUZXX9FVJ40 | Long             | DBT              | NUSS              | BM        |    200000 | NS      | $181200.00    | 0.02%             | 2030-08-20      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Virginia Electric and Power Company                                                  | D 5.05 08/15/34                                       | CUSIP: 927804GR9<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |     65000 | NS      | $65812.40     | 0.01%             | 2034-08-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Virginia Electric and Power Company                                                  | D 5.15 03/15/35                                       | CUSIP: 927804GT5<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    195000 | NS      | $198405.02    | 0.03%             | 2035-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-15YR                                             | CUSIP: 01F030413<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1800000 | NS      | $1731445.25   | 0.23%             | 2040-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                                             | CUSIP: 01F050619<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  13000000 | NS      | $12963437.50  | 1.75%             | 2055-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| The Cigna Group                                                                      | CI 1.25 03/15/26                                      | CUSIP: 125523CP3<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    360000 | NS      | $357941.38    | 0.05%             | 2026-03-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| COMM 2024-CBM MORTGAGE TRUST                                                         | COMM 2024-CBM A2                                      | CUSIP: 12674GAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    120000 | NS      | $122149.76    | 0.02%             | 2041-12-12      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TRUST 2                                                  | AFFRM 2024-X2 A                                       | CUSIP: 00833QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      8234 | NS      | $8236.17      | 0.00%             | 2029-12-17      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| Virginia Electric and Power Company                                                  | D 5.65 03/15/55                                       | CUSIP: 927804GU2<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |     75000 | NS      | $73431.95     | 0.01%             | 2055-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Virginia Electric and Power Company                                                  | D 4.9 09/15/35 C                                      | CUSIP: 927804GV0<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    435000 | NS      | $432939.36    | 0.06%             | 2035-09-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CARLYLE US CLO 2021-8 LTD                                                            | CGMS 2021-8A A1R                                      | CUSIP: 143120AN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1125000 | NS      | $1127002.50   | 0.15%             | 2038-10-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Centerpoint Energy Inc                                                               | CNP 5.4 06/01/29                                      | CUSIP: 15189TBG1<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |    246000 | NS      | $254771.71    | 0.03%             | 2029-06-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Ares Strategic Income Fund                                                           | ARESSI 5.8 09/09/30 144A                              | CUSIP: 04020EAK3<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |    210000 | NS      | $212033.37    | 0.03%             | 2030-09-09      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corp.                                                    | BK V6.317 10/25/29 MTN                                | CUSIP: 06406RBT3<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    245000 | NS      | $260121.06    | 0.04%             | 2029-10-25      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| CSX Corporation                                                                      | CSX 3.8 03/01/28                                      | CUSIP: 126408HJ5<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    400000 | NS      | $399386.13    | 0.05%             | 2028-03-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CARLYLE US 25-3 LTD/LLC                                                              | CGMS 2025-3A A                                        | CUSIP: 14320EAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1350000 | NS      | $1354981.50   | 0.18%             | 2038-07-26      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V4.897 07/25/33 MTN                               | CUSIP: 95000U3B7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    103000 | NS      | $104602.15    | 0.01%             | 2033-07-25      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V5.15 04/23/31                                    | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    165000 | NS      | $170313.52    | 0.02%             | 2031-04-23      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Chapman University                                                                   | CHAUNI 2.067 04/01/31 2021                            | CUSIP: 15953PAF6<br>LEI: 549300TAU69ZJZ8QBL34 | Long             | DBT              | CORP              | US        |    200000 | NS      | $175014.47    | 0.02%             | 2031-04-01      | Fixed         | 2.07%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V4.952 05/07/31                                     | CUSIP: 172967QA2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    280000 | NS      | $285987.69    | 0.04%             | 2031-05-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Whistler Pipeline LLC                                                                | WHISPI 5.95 09/30/34 144A                             | CUSIP: 96337RAC6<br>LEI: 549300NG57SGLTNW5C85 | Long             | DBT              | CORP              | US        |    100000 | NS      | $103407.46    | 0.01%             | 2034-09-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Sound Point Euro Clo 14 Funding Designated Activity Co.                              | SNDPE 14A B                                           | CUSIP: BCC3KVS78<br>LEI: 635400MRPPDDKPZD8B91 | Long             | ABS-O            | CORP              | IE        |    535000 | NS      | $623059.50    | 0.08%             | 2039-04-20      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2012-52 PA                                        | CUSIP: 3136A6AN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     17175 | NS      | $16685.13     | 0.00%             | 2042-05-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Howard University                                                                    | HOWUNI 2.801 10/01/30 2020                            | CUSIP: 442851AU5<br>LEI: 5493000EDHIQDJSTOF89 | Long             | DBT              | CORP              | US        |    100000 | NS      | $91801.47     | 0.01%             | 2030-10-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 6.55 06/01/34                                    | CUSIP: 161175CR3<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    240000 | NS      | $252421.32    | 0.03%             | 2034-06-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V3.887 01/10/28                                     | CUSIP: 172967LD1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    700000 | NS      | $698664.88    | 0.09%             | 2028-01-10      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| NMEF FUNDING 2025-B LLC                                                              | NMEF 2025-B A2                                        | CUSIP: 62919WAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    258000 | NS      | $258992.81    | 0.04%             | 2033-01-18      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 0.75 01/31/28                                       | CUSIP: 91282CBJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5830000 | NS      | $5512310.50   | 0.75%             | 2028-01-31      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V4.503 09/11/31                                     | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    425000 | NS      | $426315.28    | 0.06%             | 2031-09-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 3.999 11/01/49                                  | CUSIP: 20030NCE9<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     32000 | NS      | $23596.29     | 0.00%             | 2049-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Posco                                                                                | POHANG 5.75 01/17/28 REGS                             | CUSIP: Y7S272AG7<br>LEI: 9884000N94NH7G6LQ816 | Long             | DBT              | CORP              | KR        |    220000 | NS      | $226682.42    | 0.03%             | 2028-01-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | CAS 2024-R03 2M2                                      | CUSIP: 207941AB1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    375000 | NS      | $376833.08    | 0.05%             | 2044-03-25      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Constellation Software Inc.                                                          | CSUCN 5.461 02/16/34 144A                             | CUSIP: 21037XAD2<br>LEI: 549300B6PYHMCTDWQV29 | Long             | DBT              | CORP              | CA        |    174000 | NS      | $175268.24    | 0.02%             | 2034-02-16      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| DC COMMERCIAL MORTGAGE TRUST 2023-D                                                  | DC 2024-HLTN A                                        | CUSIP: 24022FAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    140000 | NS      | $141749.41    | 0.02%             | 2040-04-13      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Duke Energy Progress LLC                                                             | DUK 5.05 03/15/35                                     | CUSIP: 26442UAU8<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |    260000 | NS      | $264364.24    | 0.04%             | 2035-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| EOG Resources Inc.                                                                   | EOG 4.4 01/15/31                                      | CUSIP: 26875PBB6<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |     20000 | NS      | $20077.81     | 0.00%             | 2031-01-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | FHLB 3.375 09/10/32                                   | CUSIP: 3130AT4C8<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    560000 | NS      | $539655.38    | 0.07%             | 2032-09-10      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                          | ABBV 4.25 11/21/49                                    | CUSIP: 00287YCB3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     28000 | NS      | $23059.54     | 0.00%             | 2049-11-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Alcon Finance Corp                                                                   | ALCSW 3 09/23/29 144A                                 | CUSIP: 01400EAB9<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |    675000 | NS      | $646575.00    | 0.09%             | 2029-09-23      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Benchmark 2020-B16 Mortgage Trust                                                    | BMARK 2019-B11 A5                                     | CUSIP: 08162BBE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    455859 | NS      | $442411.25    | 0.06%             | 2052-05-17      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                        | GOOGL 5.3 05/15/65                                    | CUSIP: 02079KAN7<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    465000 | NS      | $437324.72    | 0.06%             | 2065-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2021-8                                                      | AOMT 2021-8 A1                                        | CUSIP: 03465MAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    177381 | NS      | $159684.31    | 0.02%             | 2066-11-25      | Variable      | 1.82%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR ZI7399                                             | CUSIP: 3131WLGG7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     26488 | NS      | $27237.76     | 0.00%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR ZK4456                                             | CUSIP: 3131X75R5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     39082 | NS      | $38741.22     | 0.01%             | 2027-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                           | BA 6.528 05/01/34                                     | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    319000 | NS      | $352928.50    | 0.05%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| British Telecommunications PLC                                                       | BRITEL 9.625 12/15/30                                 | CUSIP: 111021AE1<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    420000 | NS      | $512698.81    | 0.07%             | 2030-12-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 4.15 02/15/28                                    | CUSIP: 11135FCA7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     80000 | NS      | $80270.81     | 0.01%             | 2028-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Cadence Design Systems, Inc.                                                         | CDNS 4.7 09/10/34                                     | CUSIP: 127387AP3<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | DBT              | CORP              | US        |    245000 | NS      | $244913.42    | 0.03%             | 2034-09-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CenterPoint Energy Resources Corp.                                                   | CNP 1.75 10/01/30                                     | CUSIP: 15189YAF3<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |     77000 | NS      | $68596.49     | 0.01%             | 2030-10-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ConocoPhillips Co.                                                                   | COP 5.7 09/15/63                                      | CUSIP: 20826FBH8<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    130000 | NS      | $125246.08    | 0.02%             | 2063-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| DBGS MORTGAGE TRUST                                                                  | DBGS 2018-C1 XA                                       | CUSIP: 23307DBB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10891040 | NS      | $48309.38     | 0.01%             | 2051-10-17      | Variable      | 0.18%                 | No            |                  2 | On Loan: No      |
| Discover Card Execution Note Trust                                                   | DCENT 2023-A1 A                                       | CUSIP: 254683CY9<br>LEI: 207ALC1P1YM0OVDV0K75 | Long             | ABS-O            | CORP              | US        |    500000 | NS      | $500508.59    | 0.07%             | 2028-03-15      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR ZS1047                                             | CUSIP: 3132A1EU4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4728 | NS      | $4764.84      | 0.00%             | 2035-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD8146                                             | CUSIP: 3132DWBP7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2238480 | NS      | $1825278.22   | 0.25%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                                     | DUK 4.95 09/15/35                                     | CUSIP: 26441CCJ2<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    550000 | NS      | $545385.44    | 0.07%             | 2035-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Duke Energy Ohio Inc.                                                                | DUK 5.55 03/15/54                                     | CUSIP: 26442EAL4<br>LEI: L6KC0HABGHNFU1Z6QY21 | Long             | DBT              | CORP              | US        |     65000 | NS      | $63521.53     | 0.01%             | 2054-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Edison International                                                                 | EIX 5.25 03/15/32                                     | CUSIP: 281020BB2<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |     40000 | NS      | $39990.88     | 0.01%             | 2032-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR ZS4232                                             | CUSIP: 3132A4VZ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5213 | NS      | $5512.91      | 0.00%             | 2036-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN 256845                                             | CUSIP: 31371NHW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8617 | NS      | $9165.23      | 0.00%             | 2037-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | FHR 5170 DP                                           | CUSIP: 3137H4FG0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-O            | USGSE             | US        |    315572 | NS      | $280682.50    | 0.04%             | 2050-07-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR QB6287                                             | CUSIP: 3133AC6Y9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    584896 | NS      | $573397.75    | 0.08%             | 2050-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR QE3246                                             | CUSIP: 3133BCTB3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    331711 | NS      | $270878.59    | 0.04%             | 2052-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AX7549                                             | CUSIP: 3138Y9L71<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    213334 | NS      | $206725.80    | 0.03%             | 2045-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB1805                                             | CUSIP: 3140QMAF1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    311497 | NS      | $269316.66    | 0.04%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AutoNation, Inc.                                                                     | AN 4.75 06/01/30                                      | CUSIP: 05329WAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | NS      | $504731.91    | 0.07%             | 2030-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BATSLN 6 02/20/34                                     | CUSIP: 05526DBZ7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    786000 | NS      | $841578.44    | 0.11%             | 2034-02-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN 899685                                             | CUSIP: 31410WRE0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21496 | NS      | $22609.24     | 0.00%             | 2037-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                        | STACR 2025-DNA3 A1                                    | CUSIP: 35564UAQ0<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    967375 | NS      | $967646.19    | 0.13%             | 2045-09-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co.                                                       | HPE 6.35 10/15/45                                     | CUSIP: 42824CAY5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |     50000 | NS      | $51259.39     | 0.01%             | 2045-10-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Israel (State Of)                                                                    | ISRAEL 2.75 07/03/30 10Y                              | CUSIP: 46513JB34<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    200000 | NS      | $186116.81    | 0.03%             | 2030-07-03      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2012-21 PQ                                        | CUSIP: 3136A36C0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     10051 | NS      | $9596.48      | 0.00%             | 2041-09-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2017-26 CG                                        | CUSIP: 3136AWCM7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |      8579 | NS      | $8537.39      | 0.00%             | 2044-07-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| J P MORGAN MTG TR 2025-NQM1                                                          | JPMMT 2025-NQM5 A1A                                   | CUSIP: 46664DAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | NS      | $1000410.81   | 0.14%             | 2066-05-25      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH                               | LA LASGOV 4.28 02/01/2036                             | CUSIP: 54627RAN0<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    345000 | NS      | $342247.84    | 0.05%             | 2036-02-01      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| NTT Finance Corp                                                                     | NTT 5.171 07/16/32 144A                               | CUSIP: 62954WAU9<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |   1125000 | NS      | $1154287.75   | 0.16%             | 2032-07-16      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                                                        | NRZT 2015-1A A3                                       | CUSIP: 64829CAD0<br>LEI: 549300RCJSGOC0A85G53 | Long             | ABS-O            | CORP              | US        |     15062 | NS      | $14532.23     | 0.00%             | 2052-05-28      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2020-1 AC                                         | CUSIP: 3136B8NW5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    191635 | NS      | $184372.55    | 0.02%             | 2058-08-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN 745044                                             | CUSIP: 31403CWD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3407 | NS      | $3436.59      | 0.00%             | 2035-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NISSAN AUTO LEASE TRUST 2023-B                                                       | NAROT 2023-B A3                                       | CUSIP: 65480MAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    102639 | NS      | $103494.41    | 0.01%             | 2028-03-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                           | OXY 7.875 09/15/31                                    | CUSIP: 674599DE2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    121000 | NS      | $138362.52    | 0.02%             | 2031-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PRKCM 2021-AFC1 TRUST                                                                | PRKCM 2021-AFC1 A1                                    | CUSIP: 69357TAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    524786 | NS      | $446048.19    | 0.06%             | 2056-08-25      | Variable      | 1.51%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 4.55 07/01/30                                     | CUSIP: 694308JM0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    230000 | NS      | $229011.89    | 0.03%             | 2030-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 4.75 11/01/31                                      | CUSIP: 718172DP1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     80000 | NS      | $81684.11     | 0.01%             | 2031-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Prologis Targeted US Logistics Fund LP                                               | PLDTLF 4.25 01/15/31 144A                             | CUSIP: 74350LAD6<br>LEI: 5493004DTBWUQ9F2VJ87 | Long             | DBT              | CORP              | US        |    115000 | NS      | $114150.23    | 0.02%             | 2031-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-3 LLC                                                                      | PRPM 2025-3 A1                                        | CUSIP: 74449DAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     90001 | NS      | $90171.66     | 0.01%             | 2030-05-25      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| SG COML MTG SECS TR 2020-COVE                                                        | SGCMS 2020-COVE A                                     | CUSIP: 78397FAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    490000 | NS      | $469181.09    | 0.06%             | 2037-03-17      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO 2025-1                                                          | SDART 2025-1 A3                                       | CUSIP: 80288DAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    575000 | NS      | $576205.38    | 0.08%             | 2029-01-15      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| SCULPTOR CLO XXXIV LTD /LLC                                                          | SCUL 34A A1                                           | CUSIP: 81124BAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1300000 | NS      | $1303831.13   | 0.18%             | 2038-01-20      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| The J M Smucker Company                                                              | SJM 5.9 11/15/28                                      | CUSIP: 832696AW8<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |    321000 | NS      | $336315.44    | 0.05%             | 2028-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| The J M Smucker Company                                                              | SJM 6.2 11/15/33                                      | CUSIP: 832696AX6<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |    197000 | NS      | $213542.08    | 0.03%             | 2033-11-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 1.375 11/15/31                                      | CUSIP: 91282CDJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3045000 | NS      | $2652361.50   | 0.36%             | 2031-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.125 11/15/27                                      | CUSIP: 91282CLX7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8765000 | NS      | $8864976.00   | 1.20%             | 2027-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Warwick Capital CLO 1 Ltd.                                                           | WWICK 2023-1A AR                                      | CUSIP: 936919AN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1500000 | NS      | $1502251.50   | 0.20%             | 2038-10-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V5.244 01/24/31                                   | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    120000 | NS      | $124262.39    | 0.02%             | 2031-01-24      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| Romania (Republic Of)                                                                | ROMANI 3 02/14/31 REGS                                | CUSIP: X7360WBP6<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    570000 | NS      | $516882.28    | 0.07%             | 2031-02-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ALA TRUST 2025-OANA                                                                  | ALA 2025-OANA A                                       | CUSIP: 009920AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190000 | NS      | $190712.16    | 0.03%             | 2040-06-15      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                        | GOOGL 4.1 11/15/30                                    | CUSIP: 02079KAW7<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   1625000 | NS      | $1629987.13   | 0.22%             | 2030-11-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust 2021-4                                                      | AOMT 2021-4 A1                                        | CUSIP: 03464EAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160379 | NS      | $136493.20    | 0.02%             | 2065-07-25      | Variable      | 1.03%                 | No            |                  2 | On Loan: No      |
| Anheuser-Busch Companies LLC / Anheuser-Busch InBev Worldwide Inc                    | ABIBB 4.9 02/01/46 *                                  | CUSIP: 03522AAJ9<br>LEI: 5493002J2SVENP0PVK27 | Long             | DBT              | CORP              | US        |    405000 | NS      | $374580.22    | 0.05%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev Worldwide Inc.                                                  | ABIBB 8.2 01/15/39                                    | CUSIP: 03523TBF4<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |     25000 | NS      | $32242.90     | 0.00%             | 2039-01-15      | Fixed         | 8.20%                 | No            |                  2 | On Loan: No      |
| BFLD COMMERCIAL MORTGAGE TRUST 2025-660F                                             | BFLD 2025-660F B                                      | CUSIP: 05556QAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1050000 | NS      | $1053268.50   | 0.14%             | 2042-11-17      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                              | BPCEGP V2.045 10/19/27 144A                           | CUSIP: 05583JAK8<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    260000 | NS      | $255757.56    | 0.03%             | 2027-10-19      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| BPR TRUST 2024-PMDW                                                                  | BPR 2024-PMDW A                                       | CUSIP: 05592VAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    290000 | NS      | $296736.88    | 0.04%             | 2041-11-07      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2025-ARIA                                                                   | BX 2025-ARIA A                                        | CUSIP: 05619TAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    170000 | NS      | $171541.05    | 0.02%             | 2042-12-15      | Variable      | 5.03%                 | No            |                  2 | On Loan: No      |
| Bacardi Martini B V                                                                  | BACARD 5.55 02/01/30 144a                             | CUSIP: 05634WAA0<br>LEI: 5493002XXBV8B88K2408 | Long             | DBT              | CORP              | NL        |    800000 | NS      | $825187.00    | 0.11%             | 2030-02-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                                   | SANTAN 6.921 08/08/33                                 | CUSIP: 05964HAV7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   1000000 | NS      | $1107795.44   | 0.15%             | 2033-08-08      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V3.311 04/22/42                                   | CUSIP: 06051GJW0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    375000 | NS      | $295837.53    | 0.04%             | 2042-04-22      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V2.299 07/21/32                                   | CUSIP: 06051GKA6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    370000 | NS      | $330838.44    | 0.04%             | 2032-07-21      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Ascension Health Alliance                                                            | ASCHEA 4.923 11/15/35 2025                            | CUSIP: 04351LAE0<br>LEI: 549300IMOY6ECI21DH68 | Long             | DBT              | CORP              | US        |    480000 | NS      | $480726.50    | 0.07%             | 2035-11-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BATSLN 5.834 02/20/31                                 | CUSIP: 05526DBY0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    120000 | NS      | $127311.05    | 0.02%             | 2031-02-20      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Bank 2019-Bnk16                                                                      | BANK 2019-BN16 XA                                     | CUSIP: 065405AJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2260203 | NS      | $49868.89     | 0.01%             | 2052-02-16      | Variable      | 0.93%                 | No            |                  2 | On Loan: No      |
| BANK 2023-BNK45                                                                      | BANK 2023-BNK45 ASB                                   | CUSIP: 06541BBC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | NS      | $518945.75    | 0.07%             | 2056-02-17      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2024-PAT                                                                    | BX 2024-PAT A                                         | CUSIP: 05612FAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | NS      | $300000.00    | 0.04%             | 2041-03-15      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR11                                                                     | BANK5 2024-5YR11 A3                                   | CUSIP: 06644WBD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | NS      | $525581.31    | 0.07%             | 2057-11-19      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| BANK 2021-BNK32                                                                      | BANK 2021-BN32 A5                                     | CUSIP: 06542BBH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | NS      | $1371653.38   | 0.19%             | 2054-04-17      | Variable      | 2.64%                 | No            |                  2 | On Loan: No      |
| Battalion Clo XXV Ltd / Battalion Clo XXV LLC                                        | BATLN 2024-25A B                                      | CUSIP: 07134FAC4<br>LEI: 5493006S0D1X0TK7V334 | Long             | ABS-CBDO         | CORP              | KY        |    455000 | NS      | $455869.06    | 0.06%             | 2037-03-13      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2024-C28                                                        | BBCMS 2024-C28 XA                                     | CUSIP: 07336WBC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    996473 | NS      | $73654.59     | 0.01%             | 2057-09-17      | Variable      | 1.11%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                       | BNP V5.786 01/13/33 144A                              | CUSIP: 09659W3A0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    465000 | NS      | $488126.66    | 0.07%             | 2033-01-13      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| Becton, Dickinson and Company                                                        | BDX 4.669 06/06/47                                    | CUSIP: 075887BX6<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    100000 | NS      | $87069.67     | 0.01%             | 2047-06-06      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Benchmark 2020-B16 Mortgage Trust                                                    | BMARK 2019-B12 A5                                     | CUSIP: 08162FAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1498000 | NS      | $1436248.75   | 0.19%             | 2052-08-16      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 3.419 04/15/33                                   | CUSIP: 11135FCU3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    370000 | NS      | $342495.97    | 0.05%             | 2033-04-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| CSL Finance PLC                                                                      | CSLAU 3.85 04/27/27 144A                              | CUSIP: 12661PAA7<br>LEI: 2549007CCNBNAF4HBC02 | Long             | DBT              | CORP              | GB        |     50000 | NS      | $49943.88     | 0.01%             | 2027-04-27      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Bluemountain Clo XXXII Ltd.                                                          | BLUEM 2019-24A AR                                     | CUSIP: 09609NAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    410000 | NS      | $410510.44    | 0.06%             | 2034-04-20      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                           | BA 7.008 05/01/64                                     | CUSIP: 097023DU6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     60000 | NS      | $68175.02     | 0.01%             | 2064-05-01      | Fixed         | 7.01%                 | No            |                  2 | On Loan: No      |
| CSMC 2021-NQM2 TRUST                                                                 | CSMC 2021-NQM2 A1                                     | CUSIP: 12662EAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200407 | NS      | $180111.77    | 0.02%             | 2066-02-25      | Variable      | 1.18%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                          | COF V7.624 10/30/31 .                                 | CUSIP: 14040HDC6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    320000 | NS      | $361646.67    | 0.05%             | 2031-10-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 5.75 04/01/48                                    | CUSIP: 161175BN3<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    115000 | NS      | $98093.37     | 0.01%             | 2048-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 4.4 12/01/61                                     | CUSIP: 161175CC6<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |     85000 | NS      | $55592.30     | 0.01%             | 2061-12-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | CAS 2021-R03 1M2                                      | CUSIP: 20754AAB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    121000 | NS      | $121663.03    | 0.02%             | 2041-12-26      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Consolidated Edison Company of New York, Inc.                                        | ED 5.7 05/15/54                                       | CUSIP: 209111GK3<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |     45000 | NS      | $44854.67     | 0.01%             | 2054-05-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2-30YR-Multi                                         | CUSIP: 21H050615<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3500000 | NS      | $3491727.50   | 0.47%             | 2055-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cox Communications, Inc.                                                             | COXENT 5.95 09/01/54 144A                             | CUSIP: 224044CV7<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |    215000 | NS      | $188213.79    | 0.03%             | 2054-09-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets America, Inc.                                                     | BPLN 1.749 08/10/30                                   | CUSIP: 10373QBM1<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    115000 | NS      | $103406.83    | 0.01%             | 2030-08-10      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| The Brooklyn Union Gas Company                                                       | NGGLN 4.866 08/05/32 144A                             | CUSIP: 114259AW4<br>LEI: 83BQ1DXS6VA5GZFK8S35 | Long             | DBT              | CORP              | US        |    180000 | NS      | $178096.84    | 0.02%             | 2032-08-05      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA4864                                             | CUSIP: 3140QCMN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    691285 | NS      | $618889.31    | 0.08%             | 2049-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS6482                                             | CUSIP: 3140XNFY5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1066718 | NS      | $947596.06    | 0.13%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                         | UBS 4.282 01/09/28 144A                               | CUSIP: 225401AC2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    975000 | NS      | $976383.63    | 0.13%             | 2028-01-09      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                                     | DUK 5 08/15/52                                        | CUSIP: 26441CBU8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    135000 | NS      | $119182.38    | 0.02%             | 2052-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eversource Energy                                                                    | ES 4.45 12/15/30                                      | CUSIP: 30040WBB3<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    110000 | NS      | $109384.00    | 0.01%             | 2030-12-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust 2013-2                                           | EART 2025-4A B                                        | CUSIP: 30167KAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    170000 | NS      | $170847.20    | 0.02%             | 2030-05-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                   | META 3.5 08/15/27                                     | CUSIP: 30303M8G0<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    575000 | NS      | $573860.88    | 0.08%             | 2027-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR ZS3030                                             | CUSIP: 3132A3LK4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    115669 | NS      | $118945.95    | 0.02%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR QC7473                                             | CUSIP: 3133ASJS3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     27828 | NS      | $22591.13     | 0.00%             | 2051-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2017-35 AH                                        | CUSIP: 3136AWNN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     10957 | NS      | $10910.11     | 0.00%             | 2053-04-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2018-23 LA                                        | CUSIP: 3136B1WE0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     30900 | NS      | $29766.59     | 0.00%             | 2048-04-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2018-70 HA                                        | CUSIP: 3136B3BD1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     27479 | NS      | $27041.39     | 0.00%             | 2056-10-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                     | FN BT4443                                             | CUSIP: 3140LS5D4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    863252 | NS      | $700489.69    | 0.09%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                     | FN BV9699                                             | CUSIP: 3140MPX55<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2441803 | NS      | $1978491.38   | 0.27%             | 2052-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB4693                                             | CUSIP: 3140QQGB5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    736721 | NS      | $758072.00    | 0.10%             | 2052-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM2971                                             | CUSIP: 3140X6JR3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    657167 | NS      | $641285.63    | 0.09%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS1571                                             | CUSIP: 3140XGW96<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    284511 | NS      | $230365.23    | 0.03%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust 2019-1                                            | EFMT 2021-2 A1                                        | CUSIP: 31572LAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    140453 | NS      | $119558.99    | 0.02%             | 2066-06-25      | Variable      | 0.93%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust 2019-1                                            | EFMT 2022-1 A1                                        | CUSIP: 31573CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    808960 | NS      | $710963.44    | 0.10%             | 2067-01-25      | Variable      | 2.21%                 | No            |                  2 | On Loan: No      |
| FIRSTKEY HOMES TR 2022-SFR1                                                          | FKH 2022-SFR1 A                                       | CUSIP: 33768NAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    139297 | NS      | $139037.70    | 0.02%             | 2039-05-19      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2022-DNA7                                              | STACR 2021-DNA5 M2                                    | CUSIP: 35564KHE2<br>LEI: 5493000IRUQLXTG4SV18 | Long             | ABS-O            | USGSE             | US        |     23438 | NS      | $23503.63     | 0.00%             | 2034-01-25      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2022-DNA7                                              | STACR 2022-DNA7 M1B                                   | CUSIP: 35564KL49<br>LEI: 5493000IRUQLXTG4SV18 | Long             | ABS-O            | USGSE             | US        |    515000 | NS      | $548634.65    | 0.07%             | 2042-09-25      | Floating      | 8.87%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2022-DNA7                                              | STACR 2022-DNA3 M1B                                   | CUSIP: 35564KUX5<br>LEI: 5493000IRUQLXTG4SV18 | Long             | ABS-O            | USGSE             | US        |    635000 | NS      | $650810.56    | 0.09%             | 2042-04-25      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 785788                                             | CUSIP: 3622ABJ94<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    266717 | NS      | $229503.16    | 0.03%             | 2051-12-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 785764                                             | CUSIP: 3622ABJH6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    465580 | NS      | $400620.75    | 0.05%             | 2051-11-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GE Healthcare Technologies Inc.                                                      | GEHC 4.95 12/15/35                                    | CUSIP: 36266GAE7<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    170000 | NS      | $169623.91    | 0.02%             | 2035-12-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Bunker Hill Loan Depositary Trust 2019-3                                             | BHLD 2020-1 A1                                        | CUSIP: 12062RAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1787 | NS      | $1781.34      | 0.00%             | 2055-02-25      | Variable      | 1.72%                 | No            |                  2 | On Loan: No      |
| CSX Corporation                                                                      | CSX 5.05 06/15/35                                     | CUSIP: 126408HZ9<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    625000 | NS      | $635715.19    | 0.09%             | 2035-06-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Issuer Trust 2025-1                                             | GCAR 2025-1A B                                        | CUSIP: 36271KAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    380000 | NS      | $383806.16    | 0.05%             | 2029-07-16      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                 | GLENLN 5.634 04/04/34 144A                            | CUSIP: 378272BU1<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     75000 | NS      | $78359.38     | 0.01%             | 2034-04-04      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TRUST 2                                                  | AFFRM 2024-B A                                        | CUSIP: 00835AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    495000 | NS      | $496309.63    | 0.07%             | 2029-09-17      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                        | GOOGL 5.7 11/15/75                                    | CUSIP: 02079KBB2<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    315000 | NS      | $310038.94    | 0.04%             | 2075-11-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                             | AOMT 2021-3 A1                                        | CUSIP: 03465EAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    107425 | NS      | $93364.05     | 0.01%             | 2066-05-25      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| Applied Materials Inc.                                                               | AMAT 4.6 01/15/36                                     | CUSIP: 038222AU9<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | DBT              | CORP              | US        |    320000 | NS      | $315113.33    | 0.04%             | 2036-01-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2022-C15                                                        | BBCMS 2022-C15 A5                                     | CUSIP: 05552FBA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105000 | NS      | $97845.25     | 0.01%             | 2055-04-16      | Variable      | 3.66%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                              | BPCEGP V6.508 01/18/35 144A                           | CUSIP: 05571AAU9<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    250000 | NS      | $265106.94    | 0.04%             | 2035-01-18      | Fixed         | 6.51%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                              | BPCEGP V5.389 05/28/31 144A                           | CUSIP: 056121AA4<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    255000 | NS      | $261750.11    | 0.04%             | 2031-05-28      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Bacardi Martini B V                                                                  | BACARD 6 02/01/35 144A                                | CUSIP: 05634WAB8<br>LEI: 5493002XXBV8B88K2408 | Long             | DBT              | CORP              | NL        |    170000 | NS      | $176401.99    | 0.02%             | 2035-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                           | BA 3.45 11/01/28                                      | CUSIP: 097023CA1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1025000 | NS      | $1003659.69   | 0.14%             | 2028-11-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 5.05 07/12/29                                    | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     90000 | NS      | $92661.96     | 0.01%             | 2029-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CD 2017 Cd3 Mortgage Trust                                                           | CD 2017-CD3 AAB                                       | CUSIP: 12515GAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     48673 | NS      | $48474.20     | 0.01%             | 2050-02-11      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC                                                              | SORT 2020-1 A1                                        | CUSIP: 12530MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    107372 | NS      | $90341.07     | 0.01%             | 2060-07-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2-30YR-Multi                                         | CUSIP: 21H040616<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2800000 | NS      | $2644578.25   | 0.36%             | 2055-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Credit Agricole S.A. London Branch                                                   | ACAFP V5.222 05/27/31 144a                            | CUSIP: 22535WAR8<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |    525000 | NS      | $538974.08    | 0.07%             | 2031-05-27      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| Duke Energy Ohio Inc.                                                                | DUK 3.65 02/01/29                                     | CUSIP: 26442EAF7<br>LEI: L6KC0HABGHNFU1Z6QY21 | Long             | DBT              | CORP              | US        |    145000 | NS      | $143538.87    | 0.02%             | 2029-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                   | ET 5 05/15/50                                         | CUSIP: 29278NAR4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     85000 | NS      | $71115.05     | 0.01%             | 2050-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD7563                                             | CUSIP: 3132DVML6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1584592 | NS      | $1565542.63   | 0.21%             | 2053-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4182                                             | CUSIP: 31418DUG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1666837 | NS      | $1359953.25   | 0.18%             | 2050-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA5496                                             | CUSIP: 31418FDA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2478262 | NS      | $2473132.25   | 0.33%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA1564                                             | CUSIP: 3140Q8W27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    298100 | NS      | $295926.38    | 0.04%             | 2048-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB6431                                             | CUSIP: 3140QSED9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2774664 | NS      | $2824409.00   | 0.38%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB7603                                             | CUSIP: 3140QTNV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2144236 | NS      | $2203408.75   | 0.30%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS8962                                             | CUSIP: 3140XQ5Y9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3212943 | NS      | $3260061.50   | 0.44%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA6541                                             | CUSIP: 36179VHS2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1136068 | NS      | $1022832.22   | 0.14%             | 2050-03-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA8268                                             | CUSIP: 36179XFH4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1963152 | NS      | $1926701.75   | 0.26%             | 2052-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Hungary (Republic Of)                                                                | REPHUN 5.5 03/26/36 144A                              | CUSIP: 445545AU0<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    275000 | NS      | $274265.53    | 0.04%             | 2036-03-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Jbs Usa Lux SA/Jbs Usa Food Company/Jbs Usa Finance Inc                              | JBSSBZ 6.75 03/15/34                                  | CUSIP: 47214BAC2<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |    210000 | NS      | $232008.05    | 0.03%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Legacy Mortgage Trust 2018-Rpl5                                                      | LMAT 2021-GS2 A1                                      | CUSIP: 52476DAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    204806 | NS      | $204875.89    | 0.03%             | 2061-04-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V2.484 09/16/36                                    | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    425000 | NS      | $373708.19    | 0.05%             | 2036-09-16      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| CSMC 2022-NQM1 TRUST                                                                 | CSMC 2022-NQM1 A1                                     | CUSIP: 126416AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    498872 | NS      | $457296.88    | 0.06%             | 2066-11-25      | Variable      | 2.27%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                                                        | CA CAS 7.3 10/01/2039                                 | CUSIP: 13063A7D0<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     85000 | NS      | $98920.69     | 0.01%             | 2039-10-01      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| NMLT 2021-INV1 TRUST                                                                 | NLT 2021-INV1 A1                                      | CUSIP: 62923JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    552400 | NS      | $488552.59    | 0.07%             | 2056-05-25      | Variable      | 1.19%                 | No            |                  2 | On Loan: No      |
| NYC COMMERCIAL MTG TR 2025-3BP                                                       | NYC 2025-3BP A                                        | CUSIP: 67120UAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    330000 | NS      | $327325.00    | 0.04%             | 2042-12-15      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 3.5 08/01/50                                      | CUSIP: 694308JJ7<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     60000 | NS      | $40458.07     | 0.01%             | 2050-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Plains All American Pipeline L.P.                                                    | PAA 5.6 01/15/36                                      | CUSIP: 72650RBS0<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |    190000 | NS      | $192197.50    | 0.03%             | 2036-01-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CARLYLE US CLO 2024-2 LTD                                                            | CGMS 2024-2A B                                        | CUSIP: 14318VAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    700000 | NS      | $701877.38    | 0.09%             | 2037-04-27      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Centene Corp.                                                                        | CNC 2.625 08/01/31                                    | CUSIP: 15135BAZ4<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    115000 | NS      | $98916.60     | 0.01%             | 2031-08-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Public Service Enterprise Group Incorporated                                         | PEG 5.45 04/01/34                                     | CUSIP: 744573AZ9<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |     45000 | NS      | $46487.75     | 0.01%             | 2034-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Retained Vantage Data Centers Issuer LLC / Vantage Data Centers Cda Qc4 Ltd.         | VDCR 2024-1A A2                                       | CUSIP: 76134KAH7<br>LEI: 254900N4NW6XZ9B4HM15 | Long             | ABS-O            | CORP              | US        |    255000 | NS      | $252828.59    | 0.03%             | 2049-09-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc.                                                   | CMLTI 2018-RP1 A1                                     | CUSIP: 17326QAA1<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-O            | CORP              | US        |      8254 | NS      | $8149.02      | 0.00%             | 2064-09-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 2.8 01/15/51                                    | CUSIP: 20030NDL2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    105000 | NS      | $60827.66     | 0.01%             | 2051-01-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                                 | RY V5.153 02/04/31 GMTN                               | CUSIP: 78017DAC2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    335000 | NS      | $344886.21    | 0.05%             | 2031-02-04      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 3.5 04/15/31                                     | CUSIP: 87264ABW4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    300000 | NS      | $286818.06    | 0.04%             | 2031-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEP AUTO LN TR 2024-2                                                       | CAALT 2024-2A B                                       | CUSIP: 22536VAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    425000 | NS      | $435081.78    | 0.06%             | 2034-08-15      | Fixed         | 6.11%                 | No            |                  2 | On Loan: No      |
| EOG Resources Inc.                                                                   | EOG 5 07/15/32                                        | CUSIP: 26875PAY7<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    145000 | NS      | $148521.33    | 0.02%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 5.125 05/15/32                                   | CUSIP: 87264ADS1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     95000 | NS      | $97761.84     | 0.01%             | 2032-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Tapestry Inc                                                                         | TPR 5.5 03/11/35                                      | CUSIP: 876030AL1<br>LEI: 549300LJNVY5SW3VTN33 | Long             | DBT              | CORP              | US        |     75000 | NS      | $76678.20     | 0.01%             | 2035-03-11      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                               | TFC V6.047 06/08/27 MTN                               | CUSIP: 89788MAN2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |     90000 | NS      | $90724.16     | 0.01%             | 2027-06-08      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                                                         | B 0 01/06/26                                          | CUSIP: 912797SE8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5805000 | NS      | $5801885.50   | 0.78%             | 2026-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EFMT 2025-INV1                                                                       | EFMT 2025-INV5 A1                                     | CUSIP: 28224UAE4<br>LEI: 2549005YTE90D77H8V23 | Long             | ABS-O            | CORP              | US        |    391484 | NS      | $392138.34    | 0.05%             | 2070-12-25      | Variable      | 5.08%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                                    | EPD 5.2 01/15/36                                      | CUSIP: 29379VCL5<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    175000 | NS      | $178139.63    | 0.02%             | 2036-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | TII 0.25 02/15/50                                     | CUSIP: 912810SM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    650000 | NS      | $472436.44    | 0.06%             | 2050-02-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4.75 05/15/55                                       | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    930000 | NS      | $913870.31    | 0.12%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG G05447                                             | CUSIP: 3128M7L46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     39031 | NS      | $39414.69     | 0.01%             | 2039-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR ZI3411                                             | CUSIP: 3131WFYG0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     18834 | NS      | $19512.31     | 0.00%             | 2035-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4 03/31/30                                          | CUSIP: 91282CMU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3290000 | NS      | $3331896.00   | 0.45%             | 2030-03-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 3.7 08/15/49                                      | CUSIP: 91324PDU3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     80000 | NS      | $59398.80     | 0.01%             | 2049-08-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Williams Companies Inc. (The)                                                        | WMB 5.65 03/15/33                                     | CUSIP: 969457CJ7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    250000 | NS      | $262921.69    | 0.04%             | 2033-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Xcel Energy Inc                                                                      | XEL 4.6 06/01/32                                      | CUSIP: 98388MAD9<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |    100000 | NS      | $99452.22     | 0.01%             | 2032-06-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR ZI5097                                             | CUSIP: 3131WHUW5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      8033 | NS      | $8260.74      | 0.00%             | 2036-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR ZI6453                                             | CUSIP: 3131WKE22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5785 | NS      | $6074.81      | 0.00%             | 2037-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR ZS2089                                             | CUSIP: 3132A2KA9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     60221 | NS      | $62873.60     | 0.01%             | 2038-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD8129                                             | CUSIP: 3132DWA60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    802687 | NS      | $685702.94    | 0.09%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2022-DNA7                                              | STACR 2022-HQA3 M1B                                   | CUSIP: 35564KE47<br>LEI: 5493000IRUQLXTG4SV18 | Long             | ABS-O            | USGSE             | US        |    265000 | NS      | $275598.64    | 0.04%             | 2042-08-25      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7051                                             | CUSIP: 36179VZQ6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1508780 | NS      | $1249937.25   | 0.17%             | 2050-12-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR QD8229                                             | CUSIP: 3133B6EA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     27999 | NS      | $22704.18     | 0.00%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RA5801                                             | CUSIP: 3133KMNS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    695205 | NS      | $598288.31    | 0.08%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2012-103 HB                                       | CUSIP: 3136A8ZH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |      9468 | NS      | $9310.19      | 0.00%             | 2027-09-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNA 2019-M21 X3                                       | CUSIP: 3136B6XE8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1819587 | NS      | $106443.10    | 0.01%             | 2034-06-25      | Variable      | 1.13%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FHR 4961 JB                                           | CUSIP: 3137FRK75<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    104309 | NS      | $96465.77     | 0.01%             | 2042-12-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                               | FHMS K-161 A2                                         | CUSIP: 3137HB2X1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    500000 | NS      | $516211.75    | 0.07%             | 2033-10-25      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BW1796                                             | CUSIP: 3140MS7J8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    341508 | NS      | $276249.91    | 0.04%             | 2052-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB1787                                             | CUSIP: 3140QL6Z4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    843297 | NS      | $683853.19    | 0.09%             | 2051-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS7078                                             | CUSIP: 3140XN2L7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1190540 | NS      | $1166976.13   | 0.16%             | 2052-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2022-DNA7                                              | STACR 2022-DNA2 M2                                    | CUSIP: 35564KRN1<br>LEI: 5493000IRUQLXTG4SV18 | Long             | ABS-O            | USGSE             | US        |    395000 | NS      | $406757.22    | 0.06%             | 2042-02-25      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7649                                             | CUSIP: 36179WQA9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3584998 | NS      | $3093967.50   | 0.42%             | 2051-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Georgia Power Company                                                                | SO 4 10/01/28                                         | CUSIP: 373334LC3<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    215000 | NS      | $216188.95    | 0.03%             | 2028-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V2.615 04/22/32                                    | CUSIP: 38141GYB4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    210000 | NS      | $191480.72    | 0.03%             | 2032-04-22      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| HTL COMMERCIAL MORTGAGE TRUST 2024-                                                  | HTL 2024-T53 A                                        | CUSIP: 404300AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | NS      | $151844.05    | 0.02%             | 2039-05-12      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| HIH TR 2024-61P                                                                      | HIH 2024-61P A                                        | CUSIP: 40444VAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    157641 | NS      | $158032.72    | 0.02%             | 2041-10-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Interstate Power & Light Company                                                     | LNT 5.6 06/29/35                                      | CUSIP: 461070AX2<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |    210000 | NS      | $218549.51    | 0.03%             | 2035-06-29      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2025-NQM2                                                   | JPMMT 2025-NQM2 A1                                    | CUSIP: 46590SAC1<br>LEI: 529900LIO4UMWFLNQ670 | Long             | ABS-O            | CORP              | US        |    662934 | NS      | $668848.94    | 0.09%             | 2065-09-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V4.851 07/25/28                                   | CUSIP: 46647PDG8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    150000 | NS      | $151928.47    | 0.02%             | 2028-07-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V4.912 07/25/33                                   | CUSIP: 46647PDH6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    360000 | NS      | $366735.19    | 0.05%             | 2033-07-25      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Kaiser Foundation Hospitals                                                          | KPERM 2.81 06/01/41 2021                              | CUSIP: 48305QAF0<br>LEI: DW4Z57L3G4IRMHYZYK62 | Long             | DBT              | CORP              | US        |    200000 | NS      | $148530.69    | 0.02%             | 2041-06-01      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC 6.11 01/29/37                                     | CUSIP: 59022CAJ2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    295000 | NS      | $317975.04    | 0.04%             | 2037-01-29      | Fixed         | 6.11%                 | No            |                  2 | On Loan: No      |
| Monongahela Power Company                                                            | FE 5.85 02/15/34 144A                                 | CUSIP: 609935AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | NS      | $47556.77     | 0.01%             | 2034-02-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V5.164 04/20/29 MTN                                | CUSIP: 61747YFD2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    545000 | NS      | $557267.69    | 0.08%             | 2029-04-20      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V5.23 01/15/31                                     | CUSIP: 61748UAE2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    110000 | NS      | $113463.60    | 0.02%             | 2031-01-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION REFI LOAN                                                  | NAVSL 2023-A A                                        | CUSIP: 638961AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    185746 | NS      | $190913.20    | 0.03%             | 2071-09-15      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| NiSource Inc.                                                                        | NI 5.4 06/30/33                                       | CUSIP: 65473PAP0<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    125000 | NS      | $129627.13    | 0.02%             | 2033-06-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| NiSource Inc.                                                                        | NI 3.49 05/15/27                                      | CUSIP: 65473QBE2<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    150000 | NS      | $149027.48    | 0.02%             | 2027-05-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| OBX TRUST 2021-NQM4                                                                  | OBX 2021-NQM4 A1                                      | CUSIP: 67115DAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    126345 | NS      | $109032.85    | 0.01%             | 2061-10-25      | Fixed         | 1.96%                 | No            |                  2 | On Loan: No      |
| Oneok Inc.                                                                           | OKE 4.75 10/15/31                                     | CUSIP: 682680CD3<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    225000 | NS      | $226195.53    | 0.03%             | 2031-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 6.9 11/09/52                                     | CUSIP: 68389XCK9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    125000 | NS      | $123515.60    | 0.02%             | 2052-11-09      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 5.375 09/27/54                                   | CUSIP: 68389XCU7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    176000 | NS      | $142344.27    | 0.02%             | 2054-09-27      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 4.3 03/15/45                                      | CUSIP: 694308HL4<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     89000 | NS      | $70597.66     | 0.01%             | 2045-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                                             | CUSIP: 01F030611<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | ABS-MBS          | USGSE             | US        |  -1000000 | NS      | $-884335.94   | -0.12%            | 2055-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 6.1 10/15/55                                      | CUSIP: 694308KZ9<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    115000 | NS      | $112859.59    | 0.02%             | 2055-10-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| PacifiCorp.                                                                          | BRKHEC 5.75 04/01/37                                  | CUSIP: 695114CD8<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |     70000 | NS      | $70939.55     | 0.01%             | 2037-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PacifiCorp.                                                                          | BRKHEC 5.35 12/01/53                                  | CUSIP: 695114CZ9<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    130000 | NS      | $113979.30    | 0.02%             | 2053-12-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| PacifiCorp.                                                                          | BRKHEC 5.5 05/15/54                                   | CUSIP: 695114DA3<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    213000 | NS      | $190350.35    | 0.03%             | 2054-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                             | AOMT 2021-1 A1                                        | CUSIP: 03465CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    102124 | NS      | $89804.33     | 0.01%             | 2066-01-25      | Variable      | 0.91%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BATSLN 5.625 08/15/35                                 | CUSIP: 05526DCC7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    135000 | NS      | $140619.88    | 0.02%             | 2035-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL DEV                                                    | PA PHIDEV 6.55 10/15/2028                             | CUSIP: 71781LBH1<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    355000 | NS      | $377460.13    | 0.05%             | 2028-10-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| PRET 2025-NPL6 LLC                                                                   | PRET 2025-NPL6 A1                                     | CUSIP: 740936AA7<br>LEI: 2549004EWBYQ3J21FL07 | Long             | ABS-O            | CORP              | US        |    693260 | NS      | $695948.63    | 0.09%             | 2055-06-25      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| BSTN COMMERCIAL MORTGAGE TRUST 2025-HUB                                              | BSTN 2025-HUB A                                       | CUSIP: 05594GAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    165000 | NS      | $165652.61    | 0.02%             | 2041-04-15      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR11                                                                     | BANK5 2024-5YR11 AS                                   | CUSIP: 06644WBL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    225000 | NS      | $235249.22    | 0.03%             | 2057-11-19      | Variable      | 6.14%                 | No            |                  2 | On Loan: No      |
| Pret 2021-Rn4 LLC                                                                    | PRET 2025-RPL6 A1                                     | CUSIP: 74143YAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    974913 | NS      | $938814.00    | 0.13%             | 2069-09-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL 2024-SFR2 TRUS                                                  | PROG 2024-SFR2 A                                      | CUSIP: 74290XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    217627 | NS      | $210086.05    | 0.03%             | 2041-04-18      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2023-B39 MTG TR                                                            | BMARK 2023-B39 XA                                     | CUSIP: 081925AF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2319196 | NS      | $80774.81     | 0.01%             | 2056-07-17      | Variable      | 0.57%                 | No            |                  2 | On Loan: No      |
| Coterra Energy Inc                                                                   | CTRA 5.6 03/15/34                                     | CUSIP: 127097AL7<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |    208000 | NS      | $214312.38    | 0.03%             | 2034-03-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL 2023-SFR1                                                       | PROG 2023-SFR1 A                                      | CUSIP: 74334FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    210801 | NS      | $210406.45    | 0.03%             | 2040-03-19      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO 2025-1                                                          | SDART 2025-1 A2                                       | CUSIP: 80288DAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     31729 | NS      | $31738.90     | 0.00%             | 2027-08-15      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                               | FANG 5.9 04/18/64                                     | CUSIP: 25278XBB4<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |     95000 | NS      | $89677.13     | 0.01%             | 2064-04-18      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                                     | DUK 2.45 06/01/30                                     | CUSIP: 26441CBH7<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |     60000 | NS      | $55626.47     | 0.01%             | 2030-06-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                   | EIX 3.9 03/15/43 13-A                                 | CUSIP: 842400FW8<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     51000 | NS      | $39205.16     | 0.01%             | 2043-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Southern California Gas Co.                                                          | SRE 5.6 04/01/54                                      | CUSIP: 842434DA7<br>LEI: XY0N0J73VHV5F4CUJV89 | Long             | DBT              | CORP              | US        |     35000 | NS      | $34255.95     | 0.00%             | 2054-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR ZS1138                                             | CUSIP: 3132A1HP2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4184 | NS      | $4215.91      | 0.00%             | 2036-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks                                                            | FFCB 2.85 03/28/34                                    | CUSIP: 3133ENSY7<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    760000 | NS      | $685199.81    | 0.09%             | 2034-03-28      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| SUNNOVA HESTIA I 2023-GRIDI                                                          | SNVA 2023-GRID1 1A                                    | CUSIP: 86746BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     86873 | NS      | $86902.61     | 0.01%             | 2050-12-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Targa Resources Partners LP/Targa Resources Finance Corp.                            | TRGP 4 01/15/32                                       | CUSIP: 87612BBU5<br>LEI: 6OQWTZ1SPC04IFT4T704 | Long             | DBT              | CORP              | US        |    320000 | NS      | $305342.34    | 0.04%             | 2032-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RA8417                                             | CUSIP: 3133KQK62<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    716981 | NS      | $749010.50    | 0.10%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4750                                             | CUSIP: 31418EH45<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     59336 | NS      | $48060.81     | 0.01%             | 2052-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                                                | TRGP 5.65 02/15/36                                    | CUSIP: 87612GAQ4<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    135000 | NS      | $138671.28    | 0.02%             | 2036-02-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| TotalEnergies Capital S.A.                                                           | TTEFP 5.425 09/10/64                                  | CUSIP: 89157XAF8<br>LEI: 529900QI55ZLJVCMPA71 | Long             | DBT              | CORP              | FR        |    145000 | NS      | $135706.66    | 0.02%             | 2064-09-10      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| GA Global Funding Trust                                                              | GBLATL 4.5 09/18/30 144A                              | CUSIP: 36143L2V6<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    205000 | NS      | $202551.41    | 0.03%             | 2030-09-18      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GCAT TR 2022-HX1                                                                     | GCAT 2022-HX1 A1                                      | CUSIP: 36168XAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    496591 | NS      | $466927.38    | 0.06%             | 2066-12-25      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| TRICON RESIDENTAL TR 2025-SFR1                                                       | TCN 2025-SFR1 A                                       | CUSIP: 895974AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    288036 | NS      | $288341.13    | 0.04%             | 2042-03-19      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Uber Technologies Inc                                                                | UBER 4.5 08/15/29 144A                                | CUSIP: 90353TAK6<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    350000 | NS      | $350043.06    | 0.05%             | 2029-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7255                                             | CUSIP: 36179WBY3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2465207 | NS      | $2127600.75   | 0.29%             | 2051-03-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GE Aerospace                                                                         | GE 5.875 01/14/38 MTN                                 | CUSIP: 36962G3P7<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |    125000 | NS      | $135441.27    | 0.02%             | 2038-01-14      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                       | MEX 5.625 09/22/35                                    | CUSIP: 91087BBL3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | NS      | $197200.00    | 0.03%             | 2035-09-22      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 1.625 11/15/50                                      | CUSIP: 912810SS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2730000 | NS      | $1433250.00   | 0.19%             | 2050-11-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| General Mills, Inc.                                                                  | GIS 4.2 04/17/28                                      | CUSIP: 370334CG7<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |    175000 | NS      | $175569.22    | 0.02%             | 2028-04-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                 | GLENLN 2.625 09/23/31 144A                            | CUSIP: 378272BG2<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    425000 | NS      | $383131.94    | 0.05%             | 2031-09-23      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4 11/15/52                                          | CUSIP: 912810TL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6331400 | NS      | $5490263.78   | 0.74%             | 2052-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 1.5 02/15/30                                        | CUSIP: 912828Z94<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11850000 | NS      | $10884409.88  | 1.47%             | 2030-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Hudson Yards 2025-Sprl Mortgage Trust                                                | HY 2025-SPRL A                                        | CUSIP: 44855PAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    370000 | NS      | $383612.20    | 0.05%             | 2040-01-13      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V2.522 04/22/31                                   | CUSIP: 46647PBL9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    135000 | NS      | $125756.17    | 0.02%             | 2031-04-22      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 1.25 05/31/28                                       | CUSIP: 91282CCE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2510000 | NS      | $2379793.75   | 0.32%             | 2028-05-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 1.25 08/15/31                                       | CUSIP: 91282CCS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1360000 | NS      | $1184846.88   | 0.16%             | 2031-08-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V4.995 07/22/30                                   | CUSIP: 46647PEJ1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    255000 | NS      | $261792.27    | 0.04%             | 2030-07-22      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V5.576 07/23/36                                   | CUSIP: 46647PFC5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    185000 | NS      | $191373.05    | 0.03%             | 2036-07-23      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 2.75 08/15/32                                       | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3620000 | NS      | $3374377.45   | 0.46%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.75 06/30/30                                       | CUSIP: 91282CHJ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1340000 | NS      | $1343193.00   | 0.18%             | 2030-06-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                              | MPLX 5 01/15/33                                       | CUSIP: 55336VCB4<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    355000 | NS      | $356265.50    | 0.05%             | 2033-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARSHALL UNIV W VA                                                                   | WV MARHGR 3.38 05/01/2031                             | CUSIP: 572716KE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | NS      | $95312.35     | 0.01%             | 2031-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.625 08/15/28                                      | CUSIP: 91282CNU1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19890000 | NS      | $19940501.63  | 2.70%             | 2028-08-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4 11/15/35                                          | CUSIP: 91282CPJ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     10000 | NS      | $9856.25      | 0.00%             | 2035-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7256                                             | CUSIP: 36179WBZ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     63864 | NS      | $57549.59     | 0.01%             | 2051-03-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7534                                             | CUSIP: 36179WLP1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2577239 | NS      | $2224250.25   | 0.30%             | 2051-08-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust 2019-NQM1                                        | NRZT 2019-NQM4 A1                                     | CUSIP: 64828EAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     12780 | NS      | $12331.63     | 0.00%             | 2059-09-25      | Variable      | 2.49%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust 2020-1                                           | NRZT 2020-1A A1B                                      | CUSIP: 64830TAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     51924 | NS      | $49002.18     | 0.01%             | 2059-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 3.05 05/15/41                                     | CUSIP: 91324PEE8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    125000 | NS      | $94774.57     | 0.01%             | 2041-05-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V2.879 10/30/30 MTN                               | CUSIP: 95000U2G7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    415000 | NS      | $394786.59    | 0.05%             | 2030-10-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| NYC COMMERCIAL MORTGAGE TRUST 2025-300P                                              | NYC 2025-300P A                                       | CUSIP: 67121TAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    495000 | NS      | $496938.31    | 0.07%             | 2042-07-15      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| ONITY LOAN INVESTMENT TRUST 2025-HB2                                                 | OLIT 2025-HB2 A                                       | CUSIP: 68278FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    230577 | NS      | $225084.97    | 0.03%             | 2038-11-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Willis North America Inc.                                                            | WTW 2.95 09/15/29                                     | CUSIP: 970648AJ0<br>LEI: 5493004KVU1HWZCP0C66 | Long             | DBT              | CORP              | US        |    500000 | NS      | $475671.13    | 0.06%             | 2029-09-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Workday Inc                                                                          | WDAY 3.8 04/01/32                                     | CUSIP: 98138HAJ0<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |    100000 | NS      | $95686.78     | 0.01%             | 2032-04-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 5.25 02/03/32                                    | CUSIP: 68389XCZ6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    431000 | NS      | $430941.25    | 0.06%             | 2032-02-03      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Romania (Republic Of)                                                                | ROMANI 3 02/27/27 144A                                | CUSIP: 77586RAK6<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     40000 | NS      | $39375.89     | 0.01%             | 2027-02-27      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Harvest Clo XXXVII Designated Activity Co.                                           | HARVT 37A B                                           | CUSIP: BCC3PPSQ4<br>LEI: 635400IUMEGLVCCJWL30 | Long             | ABS-O            | CORP              | IE        |    500000 | NS      | $587685.06    | 0.08%             | 2039-01-15      | Floating      | 3.86%                 | No            |                  2 | On Loan: No      |
| Israel (State Of)                                                                    | ISRAEL 3.8 05/13/60 40Y                               | CUSIP: M87068AT5<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    205000 | NS      | $137965.52    | 0.02%             | 2060-05-13      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Sabey Data Center Issuer Llc                                                         | SDCP 2024-1 A2                                        | CUSIP: 78520EAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     75000 | NS      | $75822.35     | 0.01%             | 2049-04-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| San Diego Gas & Electric Company                                                     | SRE 5.4 04/15/35                                      | CUSIP: 797440CG7<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |    300000 | NS      | $310519.20    | 0.04%             | 2035-04-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Romania (Republic Of)                                                                | ROMANI 3.625 03/27/32 REGS                            | CUSIP: X7360WCA8<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    506000 | NS      | $462437.09    | 0.06%             | 2032-03-27      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| SECURITIZED AT REC TR 25-A                                                           | SSTRT 2025-A B                                        | CUSIP: 81378RAB0<br>LEI: 2549006NNV4DPCQ4AX66 | Long             | ABS-O            | CORP              | CA        |     62242 | NS      | $62807.38     | 0.01%             | 2031-07-25      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                   | EIX 5.2 06/01/34                                      | CUSIP: 842400HZ9<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    245000 | NS      | $246056.71    | 0.03%             | 2034-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Southern California Gas Co.                                                          | SRE 6 06/15/55                                        | CUSIP: 842434DD1<br>LEI: XY0N0J73VHV5F4CUJV89 | Long             | DBT              | CORP              | US        |    320000 | NS      | $328555.78    | 0.04%             | 2055-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Symphony CLO XXV Ltd.                                                                | SYMP 2021-25A AR                                      | CUSIP: 87167WDC6<br>LEI: 5493006CLZCEH6WYKR81 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | NS      | $999800.00    | 0.14%             | 2034-04-19      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Baltimore Gas & Electric Company                                                     | EXC 5.45 06/01/35                                     | CUSIP: 059165ET3<br>LEI: 88V8C2WYSOD1SPSSLH72 | Long             | DBT              | CORP              | US        |    120000 | NS      | $124335.47    | 0.02%             | 2035-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2024-C24                                                        | BBCMS 2024-C24 XA                                     | CUSIP: 07336VAZ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1101246 | NS      | $101919.83    | 0.01%             | 2057-02-16      | Variable      | 1.62%                 | No            |                  2 | On Loan: No      |
| Truist Bank (North Carolina)                                                         | TFC 2.25 03/11/30 BKNT                                | CUSIP: 89788KAA4<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    500000 | NS      | $458016.13    | 0.06%             | 2030-03-11      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Uber Technologies Inc                                                                | UBER 4.8 09/15/35                                     | CUSIP: 90353TAU4<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    530000 | NS      | $527201.09    | 0.07%             | 2035-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC                                                              | SORT 2022-1A A1                                       | CUSIP: 12530MAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     96560 | NS      | $94987.09     | 0.01%             | 2062-08-15      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| Cardinal Health, Inc.                                                                | CAH 5 11/15/29                                        | CUSIP: 14149YBR8<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |    380000 | NS      | $390267.78    | 0.05%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 2.375 11/15/49                                      | CUSIP: 912810SK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    910000 | NS      | $584497.25    | 0.08%             | 2049-11-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                                    | S 0 08/15/30                                          | CUSIP: 912833XY1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    390000 | NS      | $327084.75    | 0.04%             | 2030-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chile (Republic Of)                                                                  | CHILE 5.65 01/13/37                                   | CUSIP: 168863EE4<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    230000 | NS      | $242903.00    | 0.03%             | 2037-01-13      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| ConocoPhillips Co.                                                                   | COP 3.8 03/15/52                                      | CUSIP: 20826FAV8<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    173000 | NS      | $126906.78    | 0.02%             | 2052-03-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                     | PARA 5.85 09/01/43                                    | CUSIP: 92553PAU6<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    256000 | NS      | $210769.74    | 0.03%             | 2043-09-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| VMware LLC                                                                           | VMW 1.8 08/15/28                                      | CUSIP: 928563AK1<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    100000 | NS      | $94563.04     | 0.01%             | 2028-08-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Eversource Energy                                                                    | ES 5.5 01/01/34                                       | CUSIP: 30040WAX6<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    294000 | NS      | $302169.80    | 0.04%             | 2034-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BH5768                                             | CUSIP: 3140GUMS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    756959 | NS      | $751822.38    | 0.10%             | 2047-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Waste Management, Inc.                                                               | WM 1.15 03/15/28                                      | CUSIP: 94106LBN8<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    600000 | NS      | $565736.63    | 0.08%             | 2028-03-15      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| FORD CR AUTO OWN TR 2024-REV1                                                        | FORDR 2024-1 A                                        | CUSIP: 34533BAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    625000 | NS      | $640935.06    | 0.09%             | 2036-08-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V3.509 01/23/29                                   | CUSIP: 46647PAM8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    560000 | NS      | $554685.94    | 0.08%             | 2029-01-23      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc                                                                 | KDP 5.3 03/15/34                                      | CUSIP: 49271VAV2<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    205000 | NS      | $209035.40    | 0.03%             | 2034-03-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-SPL1                             | MSRM 2025-SPL1 A1                                     | CUSIP: 617946AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    672493 | NS      | $665114.75    | 0.09%             | 2065-02-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Ohio Edison Company                                                                  | FE 5.5 01/15/33 144A                                  | CUSIP: 677347CH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | NS      | $72904.62     | 0.01%             | 2033-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TRK TRUST 2021-INV1                                                                  | TRK 2021-INV1 A1                                      | CUSIP: 89688WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     98375 | NS      | $88120.78     | 0.01%             | 2056-07-25      | Variable      | 1.15%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 6.05 02/15/63                                     | CUSIP: 91324PET5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     30000 | NS      | $30640.39     | 0.00%             | 2063-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V6.491 10/23/34                                   | CUSIP: 95000U3H4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |      5000 | NS      | $5534.72      | 0.00%             | 2034-10-23      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7589                                             | CUSIP: 36179WNE4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3584999 | NS      | $3093972.00   | 0.42%             | 2051-09-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Gmf Floorplan Owner Revolving Trust                                                  | GFORT 2023-1 A1                                       | CUSIP: 361886CR3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | NS      | $502993.56    | 0.07%             | 2028-06-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TRUST 2                                                  | AFFRM 2024-A A                                        | CUSIP: 00834BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    180000 | NS      | $180278.53    | 0.02%             | 2029-02-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Home Depot Inc.                                                                      | HD 3.25 04/15/32                                      | CUSIP: 437076CP5<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    100000 | NS      | $94137.42     | 0.01%             | 2032-04-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Hudson Yards 2025-Sprl Mortgage Trust                                                | HY 2025-SPRL B                                        | CUSIP: 44855PAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | NS      | $181068.20    | 0.02%             | 2040-01-13      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| Adventist Health Systems (West)                                                      | ADVENT 4.742 12/01/30 2025                            | CUSIP: 007944AN1<br>LEI: 5493008YM33UCY5QPW83 | Long             | DBT              | CORP              | US        |   1025000 | NS      | $1028855.00   | 0.14%             | 2030-12-01      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Alabama Power Co.                                                                    | SO 5.1 04/02/35                                       | CUSIP: 010392GC6<br>LEI: 0RL818ELFOHP5JHOFU19 | Long             | DBT              | CORP              | US        |     40000 | NS      | $40943.99     | 0.01%             | 2035-04-02      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| ALIGNED DATA CENTERS ISSUER LLC                                                      | ADC 2023-1A A2                                        | CUSIP: 01627AAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    255000 | NS      | $256877.28    | 0.03%             | 2048-08-17      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Aker BP ASA                                                                          | AKERBP 5.8 10/01/54 144A                              | CUSIP: 00973RAP8<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |    450000 | NS      | $409136.85    | 0.06%             | 2054-10-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| ARROYO MORTGAGE TRUST 2022-1                                                         | ARRW 2022-1 A1A                                       | CUSIP: 042855AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    318056 | NS      | $310882.19    | 0.04%             | 2056-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                    | INTC 3.734 12/08/47                                   | CUSIP: 458140BG4<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    430000 | NS      | $305985.14    | 0.04%             | 2047-12-08      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| Israel (State Of)                                                                    | ISRAEL 5.375 02/19/30 5Y                              | CUSIP: 46514Y8A8<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    200000 | NS      | $206863.80    | 0.03%             | 2030-02-19      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                                             | CUSIP: 01F062614<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | ABS-MBS          | USGSE             | US        |  -2000000 | NS      | $-2078481.13  | -0.28%            | 2055-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                             | AXP V5.085 01/30/31                                   | CUSIP: 025816DY2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    270000 | NS      | $278303.38    | 0.04%             | 2031-01-30      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Laboratory Corporation of America Holdings                                           | LH 4.55 04/01/32                                      | CUSIP: 50540RBA9<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |    190000 | NS      | $189794.63    | 0.03%             | 2032-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                              | MPLX 4.5 04/15/38                                     | CUSIP: 55336VAM2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     50000 | NS      | $45588.77     | 0.01%             | 2038-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                             | AOMT 2021-5 A1                                        | CUSIP: 03465HAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    235336 | NS      | $205306.03    | 0.03%             | 2066-07-25      | Variable      | 0.95%                 | No            |                  2 | On Loan: No      |
| Ares Strategic Income Fund                                                           | ARESSI 5.15 01/15/31 144A                             | CUSIP: 04020EAR8<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |    380000 | NS      | $372903.03    | 0.05%             | 2031-01-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V5.518 10/25/35                                   | CUSIP: 06051GMD8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    180000 | NS      | $184359.91    | 0.02%             | 2035-10-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                           | BA 2.95 02/01/30                                      | CUSIP: 097023CN3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     82000 | NS      | $77688.44     | 0.01%             | 2030-02-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                                                         | AVOL 5.15 01/15/30 144A                               | CUSIP: 05401AAX9<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    104000 | NS      | $105703.26    | 0.01%             | 2030-01-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Equitable Holdings Inc                                                               | EQH 4.35 04/20/28                                     | CUSIP: 054561AJ4<br>LEI: 549300FIBAKMNHPZ4009 | Long             | DBT              | CORP              | US        |     57000 | NS      | $57211.38     | 0.01%             | 2028-04-20      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                           | BA 5.705 05/01/40                                     | CUSIP: 097023CV5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    375000 | NS      | $382791.78    | 0.05%             | 2040-05-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                           | BA 6.388 05/01/31                                     | CUSIP: 097023DR3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    110000 | NS      | $119371.29    | 0.02%             | 2031-05-01      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd.                                                                 | MQGAU V1.34 01/12/27 144A                             | CUSIP: 55608JAR9<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |    550000 | NS      | $549550.31    | 0.07%             | 2027-01-12      | Fixed         | 1.34%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECONOMIC DEV CORP                                                        | MD MDSDEV 4.97 11/30/2032                             | CUSIP: 574205JA9<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    270000 | NS      | $275555.16    | 0.04%             | 2032-11-30      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| BANK 2025-BNK49                                                                      | BANK 2025-BNK49 A5                                    | CUSIP: 05494FBT4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    850000 | NS      | $897567.94    | 0.12%             | 2058-03-15      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                              | BPCEGP V5.876 01/14/31 144A                           | CUSIP: 05571AAZ8<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    250000 | NS      | $261146.66    | 0.04%             | 2031-01-14      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS 3.625 01/20/27                                     | CUSIP: 61746BEF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    385000 | NS      | $383997.64    | 0.05%             | 2027-01-20      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V5.466 01/18/35                                    | CUSIP: 61747YFL4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    120000 | NS      | $124737.04    | 0.02%             | 2035-01-18      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| CENT TRUST 2025-CITY                                                                 | CENT 2025-CITY A                                      | CUSIP: 12517TAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    180000 | NS      | $182189.27    | 0.02%             | 2040-07-12      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| CSMC 2020-West                                                                       | CSMC 2018-RPL9 A                                      | CUSIP: 12654PAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     93501 | NS      | $90551.61     | 0.01%             | 2057-09-25      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| NiSource Inc.                                                                        | NI 1.7 02/15/31                                       | CUSIP: 65473PAL9<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     55000 | NS      | $48263.02     | 0.01%             | 2031-02-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc.                                                             | ORLY 5 08/19/34                                       | CUSIP: 67103HAN7<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |     65000 | NS      | $65471.83     | 0.01%             | 2034-08-19      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bacardi Ltd / Bacardi Martini BV                                                     | BACARD 5.4 06/15/33 144A                              | CUSIP: 05635JAB6<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |    100000 | NS      | $101101.23    | 0.01%             | 2033-06-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BANK 2019-BNK20                                                                      | BANK 2019-BN20 XA                                     | CUSIP: 06540AAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1129741 | NS      | $28862.05     | 0.00%             | 2062-09-15      | Variable      | 0.81%                 | No            |                  2 | On Loan: No      |
| Oneok Inc.                                                                           | OKE 5.05 11/01/34                                     | CUSIP: 682680CE1<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    445000 | NS      | $441026.30    | 0.06%             | 2034-11-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co LP / PTL Finance Corp.                                       | PENSKE 5.25 07/01/29 144A                             | CUSIP: 709599CA0<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |    207000 | NS      | $212682.84    | 0.03%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Cedar Funding IX CLO                                                                 | CEDF 2018-9A AR                                       | CUSIP: 15033EAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    435000 | NS      | $436127.97    | 0.06%             | 2037-07-20      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Choice Hotels International, Inc.                                                    | CHH 3.7 01/15/31                                      | CUSIP: 169905AG1<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |    516000 | NS      | $491187.70    | 0.07%             | 2031-01-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 5.125 02/15/30                                     | CUSIP: 718172DA4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    270000 | NS      | $279092.46    | 0.04%             | 2030-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 5.375 02/15/33                                     | CUSIP: 718172DB2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    230000 | NS      | $240508.24    | 0.03%             | 2033-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Cleco Corporate Holdings LLC                                                         | CNL 3.375 09/15/29                                    | CUSIP: 18551PAE9<br>LEI: 5493002H80P81B3HXL31 | Long             | DBT              | CORP              | US        |     80000 | NS      | $75232.83     | 0.01%             | 2029-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Columbia Pipelines Operating Co. LLC                                                 | CPGX 6.036 11/15/33 144A                              | CUSIP: 19828TAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    505000 | NS      | $540581.04    | 0.07%             | 2033-11-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Barclays Dryrock Issuance Trust                                                      | DROCK 2023-1 A                                        | CUSIP: 06742LAX1<br>LEI: 213800R4G3N2G68CHU37 | Long             | ABS-O            | CORP              | US        |   1100000 | NS      | $1102556.00   | 0.15%             | 2029-02-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| BENEFIT STREET PARTNERS CLO XXXI L                                                   | BSP 2023-31A BR                                       | CUSIP: 08183DAS2<br>LEI: 254900SVG14IYL7QTZ56 | Long             | ABS-CBDO         | CORP              | JE        |    275000 | NS      | $275781.56    | 0.04%             | 2038-04-26      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Public Service Enterprise Group Incorporated                                         | PEG 6.125 10/15/33                                    | CUSIP: 744573AX4<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |     90000 | NS      | $96844.67     | 0.01%             | 2033-10-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Puget Energy Inc                                                                     | PSD 4.1 06/15/30                                      | CUSIP: 745310AK8<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |     64000 | NS      | $62673.37     | 0.01%             | 2030-06-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 5.3 06/01/34                                    | CUSIP: 20030NEJ6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    418000 | NS      | $430781.84    | 0.06%             | 2034-06-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                                                  | D 5 06/15/30                                          | CUSIP: 25746UDW6<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    310000 | NS      | $318504.87    | 0.04%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bermuda (Government of)                                                              | BERMUD 5 07/15/32 144A                                | CUSIP: 085209AJ3<br>LEI: 549300FP5PUZXX9FVJ40 | Long             | DBT              | NUSS              | BM        |    200000 | NS      | $201900.00    | 0.03%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 5.2 07/15/35                                     | CUSIP: 11135FCM1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    210000 | NS      | $215158.88    | 0.03%             | 2035-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| QUALCOMM Inc.                                                                        | QCOM 4.8 05/20/45                                     | CUSIP: 747525AK9<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |     70000 | NS      | $64054.11     | 0.01%             | 2045-05-20      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Sammons Financial Group Inc                                                          | SAMMON 4.95 06/12/30 144A                             | CUSIP: 79587J2C6<br>LEI: 254900SHCOQLVJ21CT59 | Long             | DBT              | CORP              | US        |    195000 | NS      | $197763.55    | 0.03%             | 2030-06-12      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| EOG Resources Inc.                                                                   | EOG 5.35 01/15/36                                     | CUSIP: 26875PAZ4<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    265000 | NS      | $272304.22    | 0.04%             | 2036-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                                    | EPD 3.3 02/15/53                                      | CUSIP: 29379VCB7<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |     45000 | NS      | $30048.27     | 0.00%             | 2053-02-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                   | EIX 2.75 02/01/32                                     | CUSIP: 842400HM8<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    220000 | NS      | $195749.98    | 0.03%             | 2032-02-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Starbucks Corp.                                                                      | SBUX 4 11/15/28                                       | CUSIP: 855244AR0<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    225000 | NS      | $224717.69    | 0.03%             | 2028-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR ZI3851                                             | CUSIP: 3131WGH44<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      9638 | NS      | $9684.05      | 0.00%             | 2035-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR QE3454                                             | CUSIP: 3133BCZT7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     59643 | NS      | $48363.24     | 0.01%             | 2052-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CSMC TR 2021-NQM6                                                                    | CSMC 2021-NQM6 A1                                     | CUSIP: 12662KAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    365891 | NS      | $314200.25    | 0.04%             | 2066-07-25      | Variable      | 1.17%                 | No            |                  2 | On Loan: No      |
| CSMC 2021-NQM7 TRUST                                                                 | CSMC 2021-NQM7 A1                                     | CUSIP: 12662QAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    168048 | NS      | $150578.25    | 0.02%             | 2066-10-25      | Variable      | 1.76%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2019-12 HA                                        | CUSIP: 3136B4EJ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     56365 | NS      | $54687.68     | 0.01%             | 2057-11-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4387                                             | CUSIP: 31418D2V3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     18232 | NS      | $15926.60     | 0.00%             | 2041-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Canadian Pacific Railway Company                                                     | CP 2.05 03/05/30                                      | CUSIP: 13648TAA5<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    400000 | NS      | $367612.59    | 0.05%             | 2030-03-05      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                          | COF V4.493 09/11/31                                   | CUSIP: 14040HDM4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    240000 | NS      | $239647.98    | 0.03%             | 2031-09-11      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4021                                             | CUSIP: 31418DPF3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    403287 | NS      | $375911.00    | 0.05%             | 2050-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4158                                             | CUSIP: 31418DTQ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2500802 | NS      | $2041668.88   | 0.28%             | 2050-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SL1417                                             | CUSIP: 31427NSF7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3721254 | NS      | $3822854.25   | 0.52%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA6933                                             | CUSIP: 36179VV23<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    512205 | NS      | $472548.47    | 0.06%             | 2050-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Synopsys Inc                                                                         | SNPS 5 04/01/32                                       | CUSIP: 871607AD9<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    271000 | NS      | $276721.13    | 0.04%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sysco Corporation                                                                    | SYY 4.45 03/15/48                                     | CUSIP: 871829BH9<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |     50000 | NS      | $42327.83     | 0.01%             | 2048-03-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC V5.24 05/13/31                                   | CUSIP: 404280EW5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1215000 | NS      | $1251786.28   | 0.17%             | 2031-05-13      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| Houston Galleria Mall Trust 2025-HGLR                                                | HGMT 2025-HGLR A                                      | CUSIP: 44216XAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | NS      | $414475.28    | 0.06%             | 2045-02-07      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| Chubb INA Holdings LLC                                                               | CB 6.8 11/15/31                                       | CUSIP: 171232AE1<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |    317000 | NS      | $354273.91    | 0.05%             | 2031-11-15      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V6.02 01/24/36                                      | CUSIP: 172967PU9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    200000 | NS      | $209478.16    | 0.03%             | 2036-01-24      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 2.05 02/15/28                                    | CUSIP: 87264ACA1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    100000 | NS      | $95995.03     | 0.01%             | 2028-02-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 5.2 01/15/33                                     | CUSIP: 87264ACV5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    550000 | NS      | $567680.04    | 0.08%             | 2033-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                              | HYNMTR 6.2 09/21/30 144A                              | CUSIP: 44891ACP0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    360000 | NS      | $383789.09    | 0.05%             | 2030-09-21      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 2.95 10/01/26                                     | CUSIP: 46625HRV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    170000 | NS      | $168897.00    | 0.02%             | 2026-10-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust 2015-3                                                     | TPMT 2019-1 A1                                        | CUSIP: 89177BAA3<br>LEI: 549300ZHISOOIT5VZP03 | Long             | ABS-O            | CORP              | US        |    206087 | NS      | $201332.55    | 0.03%             | 2058-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| TRICON RES TR 2024-SFR1                                                              | TCN 2024-SFR1 A                                       | CUSIP: 89616UAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    119830 | NS      | $120018.44    | 0.02%             | 2041-04-18      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc                                                         | CFG V6.645 04/25/35                                   | CUSIP: 174610BG9<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |     30000 | NS      | $32987.14     | 0.00%             | 2035-04-25      | Fixed         | 6.64%                 | No            |                  2 | On Loan: No      |
| Colt Mortgage Loan Trust                                                             | COLT 2021-4 A1                                        | CUSIP: 19688GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    197576 | NS      | $169401.11    | 0.02%             | 2066-10-25      | Variable      | 1.40%                 | No            |                  2 | On Loan: No      |
| LEX 2024-BBG MORTGAGE TRUST                                                          | LEX 2024-BBG A                                        | CUSIP: 52885AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | NS      | $502948.56    | 0.07%             | 2033-10-14      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                              | MPLX 4.8 02/15/31                                     | CUSIP: 55336VCA6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    455000 | NS      | $459777.83    | 0.06%             | 2031-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                       | MEX 3.25 04/16/30                                     | CUSIP: 91087BAH3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | NS      | $188900.00    | 0.03%             | 2030-04-16      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                       | MEX 6.875 05/13/37                                    | CUSIP: 91087BBC3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    415000 | NS      | $442805.00    | 0.06%             | 2037-05-13      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Magnetite II Cbo Ltd                                                                 | MAGNE 2024-47A A                                      | CUSIP: 559916AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | NS      | $1603518.38   | 0.22%             | 2038-01-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| NEW RES MTG LN TR 2025-NQM1                                                          | NRZT 2025-NQM7 A1                                     | CUSIP: 64831YAE6<br>LEI: 213800CZKHCTHKMD9W65 | Long             | ABS-O            | CORP              | US        |    174000 | NS      | $174251.48    | 0.02%             | 2065-10-26      | Variable      | 5.01%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                       | MEX 5.375 03/22/33                                    | CUSIP: 91087BBK5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   1115000 | NS      | $1104965.00   | 0.15%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                                                         | B 0 01/20/26                                          | CUSIP: 912797SG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8765000 | NS      | $8747213.00   | 1.18%             | 2026-01-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ConocoPhillips Co.                                                                   | COP 5.65 01/15/65                                     | CUSIP: 20826FBN5<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    230000 | NS      | $220839.47    | 0.03%             | 2065-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Consolidated Edison Company of New York, Inc.                                        | ED 5.5 03/15/55                                       | CUSIP: 209111GN7<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    180000 | NS      | $174492.60    | 0.02%             | 2055-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TWY AUTH                                                                 | NY NYSTRN 2.9 01/01/2035                              | CUSIP: 650009S53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | NS      | $44917.36     | 0.01%             | 2035-01-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Oneok Inc.                                                                           | OKE 5.4 10/15/35                                      | CUSIP: 682680DC4<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    325000 | NS      | $328375.00    | 0.04%             | 2035-10-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 3 02/15/47                                          | CUSIP: 912810RV2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | NS      | $1129277.36   | 0.15%             | 2047-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 3.125 05/15/48                                      | CUSIP: 912810SC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1580000 | NS      | $1199997.66   | 0.16%             | 2048-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 3.3 08/01/40                                      | CUSIP: 694308JH1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     91000 | NS      | $68882.68     | 0.01%             | 2040-08-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co LP / PTL Finance Corp.                                       | PENSKE 4.4 07/01/27 144A                              | CUSIP: 709599BN3<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |     65000 | NS      | $65207.46     | 0.01%             | 2027-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Constellation Brands, Inc.                                                           | STZ 2.25 08/01/31                                     | CUSIP: 21036PBH0<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    250000 | NS      | $221828.03    | 0.03%             | 2031-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Cox Communications, Inc.                                                             | COXENT 2.6 06/15/31 144A                              | CUSIP: 224044CN5<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |    165000 | NS      | $146955.36    | 0.02%             | 2031-06-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Public Service Enterprise Group Incorporated                                         | PEG 4.9 03/15/30                                      | CUSIP: 744573BA3<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    205000 | NS      | $209623.36    | 0.03%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Finance (USA) plc                                                          | RIOLN 5 03/14/32                                      | CUSIP: 76720AAT3<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |     65000 | NS      | $67115.68     | 0.01%             | 2032-03-14      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | TII 1.5 02/15/53                                      | CUSIP: 912810TP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1722000 | NS      | $1466533.95   | 0.20%             | 2053-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4.75 08/15/55                                       | CUSIP: 912810UM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1635000 | NS      | $1614562.50   | 0.22%             | 2055-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                                                                    | CCI 2.25 01/15/31                                     | CUSIP: 22822VAT8<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    420000 | NS      | $375147.80    | 0.05%             | 2031-01-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                                                                | DNKN 2021-1A A23                                      | CUSIP: 233046AS0<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |    511680 | NS      | $455559.00    | 0.06%             | 2051-11-20      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 0.375 09/30/27                                      | CUSIP: 91282CAL5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    430000 | NS      | $407576.16    | 0.06%             | 2027-09-30      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | TII 1.75 01/15/34                                     | CUSIP: 91282CJY8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1475000 | NS      | $1549593.01   | 0.21%             | 2034-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Dell International LLC / EMC Corp.                                                   | DELL 8.1 07/15/36                                     | CUSIP: 24703TAJ5<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    257000 | NS      | $311414.34    | 0.04%             | 2036-07-15      | Fixed         | 8.10%                 | No            |                  2 | On Loan: No      |
| Dominos Pizza Inc.                                                                   | DPABS 2021-1A A2I                                     | CUSIP: 25755TAN0<br>LEI: 25490005ZWM1IF9UXU57 | Long             | ABS-O            | CORP              | US        |    515425 | NS      | $489923.84    | 0.07%             | 2051-04-25      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust 2020-GC45                                               | GSMS 2020-GC45 XA                                     | CUSIP: 36258YBJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1887517 | NS      | $37946.83     | 0.01%             | 2053-02-14      | Variable      | 0.73%                 | No            |                  2 | On Loan: No      |
| GE Healthcare Technologies Inc.                                                      | GEHC 5.5 06/15/35                                     | CUSIP: 36266GAC1<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    175000 | NS      | $181814.12    | 0.02%             | 2035-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                   | EIX 3.65 02/01/50                                     | CUSIP: 842400GT4<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     60000 | NS      | $41954.21     | 0.01%             | 2050-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| STARWOOD MTG RESIDENTIAL TR 2021-2                                                   | STAR 2021-2 A1                                        | CUSIP: 85573HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     60323 | NS      | $57356.35     | 0.01%             | 2065-05-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| DP World Crescent LTD                                                                | DPWDU 5.5 05/08/35 144A                               | CUSIP: 260979AA7<br>LEI: 21380096JRTWB8TL9236 | Long             | DBT              | CORP              | KY        |    480000 | NS      | $494837.28    | 0.07%             | 2035-05-08      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                                     | DUK 2.55 06/15/31                                     | CUSIP: 26441CBL8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    347000 | NS      | $315977.52    | 0.04%             | 2031-06-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                                     | DUK 5.45 06/15/34                                     | CUSIP: 26441CCE3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |     40000 | NS      | $41651.70     | 0.01%             | 2034-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Duke Energy Carolinas LLC                                                            | DUK 5.3 02/15/40                                      | CUSIP: 26442CAH7<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    333000 | NS      | $336443.56    | 0.05%             | 2040-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 2.875 02/15/31                                   | CUSIP: 87264ABT1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    300000 | NS      | $278451.03    | 0.04%             | 2031-02-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                       | MEX 4.28 08/14/41                                     | CUSIP: 91087BAQ3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    685000 | NS      | $550055.00    | 0.07%             | 2041-08-14      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 3.375 11/15/48                                      | CUSIP: 912810SE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1915000 | NS      | $1515168.94   | 0.20%             | 2048-11-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 5.75 07/15/64                                     | CUSIP: 91324PFM9<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     90000 | NS      | $87867.66     | 0.01%             | 2064-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Element Fleet Management Corp                                                        | EFNCN 4.641 11/24/30 144A                             | CUSIP: 286181AR3<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |    370000 | NS      | $371031.72    | 0.05%             | 2030-11-24      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG G08583                                             | CUSIP: 3128MJUH1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    115889 | NS      | $115811.89    | 0.02%             | 2044-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                                                | WSTP V4.11 07/24/34                                   | CUSIP: 961214EF6<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    475000 | NS      | $467371.75    | 0.06%             | 2034-07-24      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| Galaxy Pipeline Assets Bidco Ltd.                                                    | ADGLXY 2.94 09/30/40 REGS                             | CUSIP: G3R238AD5<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |    337888 | NS      | $287424.00    | 0.04%             | 2040-09-30      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD0294                                             | CUSIP: 3132DMKF1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1593915 | NS      | $1579158.63   | 0.21%             | 2050-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD7395                                             | CUSIP: 3132DVGC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3148281 | NS      | $3214012.00   | 0.43%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD7540                                             | CUSIP: 3132DVLV5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    750696 | NS      | $647842.00    | 0.09%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | FR QA1023                                             | CUSIP: 31334XD48<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGSE             | US        |     38508 | NS      | $36401.06     | 0.00%             | 2049-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2019-14 CA                                        | CUSIP: 3136B4FP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     49816 | NS      | $48507.18     | 0.01%             | 2049-04-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AI6588                                             | CUSIP: 3138ALKA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9152 | NS      | $9124.89      | 0.00%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                     | FN BT1318                                             | CUSIP: 3140LPPC0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    939321 | NS      | $831416.94    | 0.11%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BV7783                                             | CUSIP: 3140MMUH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    765882 | NS      | $619574.44    | 0.08%             | 2052-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA6032                                             | CUSIP: 3140QDV27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    625458 | NS      | $539766.31    | 0.07%             | 2050-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB0090                                             | CUSIP: 3140QKC48<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    197176 | NS      | $160504.41    | 0.02%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS1629                                             | CUSIP: 3140XGY37<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4051988 | NS      | $3427428.25   | 0.46%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4356                                             | CUSIP: 31418DZW5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9757726 | NS      | $8320344.50   | 1.13%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4577                                             | CUSIP: 31418ECP3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1517914 | NS      | $1230610.75   | 0.17%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                                               | FABSJV 6.15 01/25/32                                  | CUSIP: 350930AC7<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    925000 | NS      | $980211.55    | 0.13%             | 2032-01-25      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA5331                                             | CUSIP: 36179T4Q5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    109166 | NS      | $108267.00    | 0.01%             | 2048-07-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA5711                                             | CUSIP: 36179UKY7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     98271 | NS      | $97399.30     | 0.01%             | 2049-01-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA5764                                             | CUSIP: 36179UMM1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    110155 | NS      | $109115.25    | 0.01%             | 2049-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA8644                                             | CUSIP: 36179XS98<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    775981 | NS      | $713605.13    | 0.10%             | 2053-02-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 785622                                             | CUSIP: 3622ABD33<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    188313 | NS      | $161357.72    | 0.02%             | 2051-09-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V4.692 10/23/30                                    | CUSIP: 38141GB60<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    200000 | NS      | $202728.77    | 0.03%             | 2030-10-23      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                                                          | HERTZ 2025-2A A                                       | CUSIP: 42806MCX5<br>LEI: 5493004IHDYOZ9K9WF47 | Long             | ABS-O            | CORP              | US        |    190000 | NS      | $192988.48    | 0.03%             | 2031-09-25      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Humana Inc.                                                                          | HUM 5.95 03/15/34                                     | CUSIP: 444859BY7<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    100000 | NS      | $104872.67    | 0.01%             | 2034-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Humana Inc.                                                                          | HUM 5.55 05/01/35                                     | CUSIP: 444859CD2<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    205000 | NS      | $209294.86    | 0.03%             | 2035-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Incorporated                                                   | HBAN V5.709 02/02/35                                  | CUSIP: 446150BD5<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    675000 | NS      | $705100.06    | 0.10%             | 2035-02-02      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                    | INTC 3.25 11/15/49                                    | CUSIP: 458140BJ8<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     96000 | NS      | $61328.82     | 0.01%             | 2049-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                    | INTC 4.75 03/25/50                                    | CUSIP: 458140BM1<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    125000 | NS      | $102012.56    | 0.01%             | 2050-03-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Securities Trust 2020-NNN                        | JPMCC 2020-NNN AFX                                    | CUSIP: 46652BAY5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    120000 | NS      | $108000.00    | 0.01%             | 2037-01-16      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| JDE Peets N.V                                                                        | JDEPNA 1.375 01/15/27 144A                            | CUSIP: 47216QAB9<br>LEI: 724500EHG519SE5ZRT89 | Long             | DBT              | CORP              | NL        |    225000 | NS      | $217943.59    | 0.03%             | 2027-01-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Kenvue Inc.                                                                          | KVUE 5.05 03/22/53                                    | CUSIP: 49177JAP7<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | DBT              | CORP              | US        |    155000 | NS      | $141249.06    | 0.02%             | 2053-03-22      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc                                                                 | KDP 3.95 04/15/29                                     | CUSIP: 49271VAP5<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    120000 | NS      | $118633.39    | 0.02%             | 2029-04-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc                                                                 | KDP 5.2 03/15/31 10                                   | CUSIP: 49271VAU4<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    102000 | NS      | $104813.74    | 0.01%             | 2031-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Legacy Mortgage Asset Trust 2021-GS4                                                 | LMAT 2021-GS4 A1                                      | CUSIP: 52475WAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     72986 | NS      | $73042.22     | 0.01%             | 2060-11-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| MFA 2021-NQM1 TRUST                                                                  | MFRA 2021-NQM1 A1                                     | CUSIP: 55283FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    117938 | NS      | $111595.98    | 0.02%             | 2065-04-25      | Variable      | 1.15%                 | No            |                  2 | On Loan: No      |
| MFA 2021-NQM2 Trust                                                                  | MFRA 2021-NQM2 A1                                     | CUSIP: 55283WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    101537 | NS      | $90069.75     | 0.01%             | 2064-11-25      | Variable      | 1.03%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                                                            | MARS 4.8 03/01/30 144A                                | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    725000 | NS      | $740922.94    | 0.10%             | 2030-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                                                            | MARS 5 03/01/32 144A                                  | CUSIP: 571676AZ8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   1350000 | NS      | $1391504.67   | 0.19%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                                                         | MAR 5 10/15/27                                        | CUSIP: 571903BJ1<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    275000 | NS      | $279649.09    | 0.04%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                                                         | MAR 4.875 05/15/29                                    | CUSIP: 571903BP7<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    167000 | NS      | $170628.38    | 0.02%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| McDonald's Corp.                                                                     | MCD 3.625 09/01/49 MTN                                | CUSIP: 58013MFK5<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    235000 | NS      | $172933.55    | 0.02%             | 2049-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V4.654 10/18/30                                    | CUSIP: 61747YFU4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    155000 | NS      | $156875.13    | 0.02%             | 2030-10-18      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS 3.95 04/23/27                                      | CUSIP: 61761JZN2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    754000 | NS      | $753465.75    | 0.10%             | 2027-04-23      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                                    | NWG V5.115 05/23/31                                   | CUSIP: 639057AV0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    200000 | NS      | $205300.59    | 0.03%             | 2031-05-23      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust 2019-3                                           | NRZT 2019-3A A1A                                      | CUSIP: 64830EAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     77492 | NS      | $75049.55     | 0.01%             | 2058-11-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| NEW RESI MTG LN TR 2019-5                                                            | NRZT 2019-5A A1B                                      | CUSIP: 64830MAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     75063 | NS      | $71248.20     | 0.01%             | 2059-08-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Northwestern Memorial HealthCare                                                     | NWMEDI 1.774 07/15/31 2021                            | CUSIP: 668103AB0<br>LEI: 549300SYNDSEG3SY2U05 | Long             | DBT              | CORP              | US        |    315000 | NS      | $276973.84    | 0.04%             | 2031-07-15      | Fixed         | 1.77%                 | No            |                  2 | On Loan: No      |
| NSTAR Electric Company                                                               | ES 5.4 06/01/34                                       | CUSIP: 67021CAV9<br>LEI: 54930080R72Y2Z31UR68 | Long             | DBT              | CORP              | US        |    105000 | NS      | $108754.25    | 0.01%             | 2034-06-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| NYC COMMERCIAL MORTGAGE TRUST 2025-11X                                               | NYC 2025-11X A                                        | CUSIP: 67122NAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    650000 | NS      | $651620.56    | 0.09%             | 2040-10-15      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 3.95 03/25/51                                    | CUSIP: 68389XCA1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    205000 | NS      | $134881.70    | 0.02%             | 2051-03-25      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 5.5 09/27/64                                     | CUSIP: 68389XCV5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     90000 | NS      | $71824.90     | 0.01%             | 2064-09-27      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 5.2 09/26/35                                     | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    650000 | NS      | $622752.50    | 0.08%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| PacifiCorp.                                                                          | BRKHEC 6.25 10/15/37                                  | CUSIP: 695114CG1<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |     19000 | NS      | $19831.76     | 0.00%             | 2037-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL TRUST 22-SFR3                                                   | PROG 2022-SFR3 A                                      | CUSIP: 74331UAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    133229 | NS      | $131408.19    | 0.02%             | 2039-04-19      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Realty Income Corporation                                                            | O 4.5 02/01/33                                        | CUSIP: 756109CX0<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    455000 | NS      | $450114.71    | 0.06%             | 2033-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Retained Vantage Data Centers Issuer LLC / Vantage Data Centers Cda Qc4 Ltd.         | VDCR 2023-1A A2A                                      | CUSIP: 76134KAA2<br>LEI: 254900N4NW6XZ9B4HM15 | Long             | ABS-O            | CORP              | US        |    455000 | NS      | $453580.94    | 0.06%             | 2048-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                   | EIX 4.65 10/01/43                                     | CUSIP: 842400FZ1<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     80000 | NS      | $68016.69     | 0.01%             | 2043-10-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                   | EIX 5.45 06/01/52 E                                   | CUSIP: 842400HR7<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    145000 | NS      | $130262.70    | 0.02%             | 2052-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                   | EIX 5.875 12/01/53                                    | CUSIP: 842400HX4<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    110000 | NS      | $105324.36    | 0.01%             | 2053-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                   | EIX 5.45 03/01/35                                     | CUSIP: 842400JG9<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    150000 | NS      | $152080.81    | 0.02%             | 2035-03-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 3 02/15/41                                       | CUSIP: 87264ABL8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     55000 | NS      | $40983.14     | 0.01%             | 2041-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 2.55 02/15/31                                    | CUSIP: 87264ACB9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    500000 | NS      | $456791.76    | 0.06%             | 2031-02-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 4.7 01/15/35                                     | CUSIP: 87264ADM4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    145000 | NS      | $142460.48    | 0.02%             | 2035-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Take-Two Interactive Software Inc.                                                   | TTWO 3.7 04/14/27                                     | CUSIP: 874054AG4<br>LEI: BOMSTHHJK882EWYX3334 | Long             | DBT              | CORP              | US        |    225000 | NS      | $224087.19    | 0.03%             | 2027-04-14      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust 2015-3                                                     | TPMT 2018-2 A1                                        | CUSIP: 89175VAA1<br>LEI: 549300ZHISOOIT5VZP03 | Long             | ABS-O            | CORP              | US        |     21486 | NS      | $21296.41     | 0.00%             | 2058-03-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| TOWD PT MTG TR 2021-R1                                                               | TPMT 2021-R1 A1                                       | CUSIP: 89179TAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1068989 | NS      | $971463.81    | 0.13%             | 2060-11-25      | Variable      | 2.13%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company Inc                                                 | GM 2.7 08/20/27                                       | CUSIP: 37045XDA1<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    125000 | NS      | $122182.61    | 0.02%             | 2027-08-20      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Georgia Power Company                                                                | SO 4.55 03/15/30                                      | CUSIP: 373334KY6<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |     65000 | NS      | $66040.43     | 0.01%             | 2030-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.625 09/30/30                                      | CUSIP: 91282CHZ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1710000 | NS      | $1776930.50   | 0.24%             | 2030-09-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 4.95 05/15/62                                     | CUSIP: 91324PEL2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     40000 | NS      | $34630.43     | 0.00%             | 2062-05-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 5.05 04/15/53                                     | CUSIP: 91324PEW8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     61000 | NS      | $55020.52     | 0.01%             | 2053-04-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers Issuer                                                          | VDC 2024-1A A2                                        | CUSIP: 92212KAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    540000 | NS      | $536299.38    | 0.07%             | 2054-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers Issuer                                                          | VDC 2025-1A A2                                        | CUSIP: 92212KAH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1205000 | NS      | $1196469.13   | 0.16%             | 2055-08-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Veralto Corp.                                                                        | VLTO 5.5 09/18/26                                     | CUSIP: 92338CAB9<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |    105000 | NS      | $105890.56    | 0.01%             | 2026-09-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VERUS SEC TR 2021-8                                                                  | VERUS 2021-8 A1                                       | CUSIP: 92538GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    257190 | NS      | $238569.84    | 0.03%             | 2066-11-25      | Variable      | 1.82%                 | No            |                  2 | On Loan: No      |
| Viatris Inc                                                                          | VTRS 4 06/22/50                                       | CUSIP: 92556VAF3<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |    155000 | NS      | $103224.27    | 0.01%             | 2050-06-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Electric and Power Company                                                  | D 5 01/15/34                                          | CUSIP: 927804GP3<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    240000 | NS      | $242867.72    | 0.03%             | 2034-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Whistler Pipeline LLC                                                                | WHISPI 5.7 09/30/31 144A                              | CUSIP: 96337RAB8<br>LEI: 549300NG57SGLTNW5C85 | Long             | DBT              | CORP              | US        |    109000 | NS      | $113120.71    | 0.02%             | 2031-09-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Workday Inc                                                                          | WDAY 3.5 04/01/27                                     | CUSIP: 98138HAG6<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |    125000 | NS      | $124244.67    | 0.02%             | 2027-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Xcel Energy Inc                                                                      | XEL 5.6 04/15/35                                      | CUSIP: 98389BBE9<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |    290000 | NS      | $300314.41    | 0.04%             | 2035-04-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Georgia Power Company                                                                | SO 5.2 03/15/35                                       | CUSIP: 373334LB5<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    150000 | NS      | $153953.94    | 0.02%             | 2035-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Global Payments Inc                                                                  | GPN 5.55 11/15/35                                     | CUSIP: 37940XAY8<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    525000 | NS      | $521814.38    | 0.07%             | 2035-11-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| American Water Capital Corp                                                          | AWK 3.75 09/01/28                                     | CUSIP: 03040WAS4<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |    125000 | NS      | $124450.03    | 0.02%             | 2028-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BATSLN 4.54 08/15/47                                  | CUSIP: 05526DBF1<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     14000 | NS      | $11613.37     | 0.00%             | 2047-08-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corp.                                                    | BK V4.596 07/26/30                                    | CUSIP: 06406RBK2<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |     40000 | NS      | $40727.10     | 0.01%             | 2030-07-26      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                           | BA 6.858 05/01/54                                     | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    363000 | NS      | $407699.31    | 0.06%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| CASCADE MH ASSET TRUST                                                               | CMHAT 2021-MH1 A1                                     | CUSIP: 14731QAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     67359 | NS      | $61474.14     | 0.01%             | 2046-02-25      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners Lp                                                          | CQP 5.55 10/30/35 144A                                | CUSIP: 16411QAV3<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    385000 | NS      | $393615.59    | 0.05%             | 2035-10-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Exelon Corp.                                                                         | EXC 4.05 04/15/30                                     | CUSIP: 30161NAX9<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    450000 | NS      | $445544.56    | 0.06%             | 2030-04-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                   | META 4.875 11/15/35                                   | CUSIP: 30303MAD4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    625000 | NS      | $624162.50    | 0.08%             | 2035-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR QD7087                                             | CUSIP: 3133B42U8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    482299 | NS      | $390061.16    | 0.05%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR QE0913                                             | CUSIP: 3133BAAN1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    527225 | NS      | $515912.28    | 0.07%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SL1127                                             | CUSIP: 31427NHD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3876646 | NS      | $3980489.50   | 0.54%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FIRSTKEY HOMES 2022-SFR2 TRUST                                                       | FKH 2022-SFR2 A                                       | CUSIP: 33767PAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    487892 | NS      | $487701.75    | 0.07%             | 2039-07-19      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2022-DNA7                                              | STACR 2021-DNA6 B1                                    | CUSIP: 35564KLU1<br>LEI: 5493000IRUQLXTG4SV18 | Long             | ABS-O            | USGSE             | US        |    800000 | NS      | $814071.06    | 0.11%             | 2041-10-25      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2021-135 A                                        | CUSIP: 38382XAA3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1381587 | NS      | $1156259.75   | 0.16%             | 2051-08-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Oneok Inc.                                                                           | OKE 6.1 11/15/32                                      | CUSIP: 682680BG7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     40000 | NS      | $42803.50     | 0.01%             | 2032-11-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| PRETIUM MTG CR PTNR 2025-NPL14                                                       | CMO ADJ SER.2025-NPL14 CL.A1                          | CUSIP: 69393CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    540000 | NS      | $540000.00    | 0.07%             | 2055-12-25      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 6.75 01/15/53                                     | CUSIP: 694308KH9<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    262000 | NS      | $278643.92    | 0.04%             | 2053-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc                                                         | TMO 1.75 10/15/28                                     | CUSIP: 883556CK6<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |     50000 | NS      | $47202.39     | 0.01%             | 2028-10-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                         | UBS V2.746 02/11/33 144A                              | CUSIP: 902613AK4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    240000 | NS      | $215215.34    | 0.03%             | 2033-02-11      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Vb-S1 Issuer Llc 2016-1                                                              | VBTEL 2024-1A C2                                      | CUSIP: 91823ABC4<br>LEI: 549300DKEDU9WZPGTC09 | Long             | ABS-O            | CORP              | US        |    300000 | NS      | $302401.97    | 0.04%             | 2054-05-15      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | TII 1.875 07/15/35                                    | CUSIP: 91282CNS6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    475000 | NS      | $479901.44    | 0.06%             | 2035-07-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                                    | S 0 08/15/33                                          | CUSIP: 9128334W7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    390000 | NS      | $284556.63    | 0.04%             | 2033-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 5 04/15/34                                        | CUSIP: 91324PFB3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    475000 | NS      | $482664.13    | 0.07%             | 2034-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 5.375 04/15/54                                    | CUSIP: 91324PFC1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    220000 | NS      | $207580.61    | 0.03%             | 2054-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                          | VZ 4.329 09/21/28                                     | CUSIP: 92343VER1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    890000 | NS      | $897319.25    | 0.12%             | 2028-09-21      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TR 2021-5                                                       | VERUS 2021-5 A1                                       | CUSIP: 92538KAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    610861 | NS      | $532979.80    | 0.07%             | 2066-09-25      | Variable      | 1.01%                 | No            |                  2 | On Loan: No      |
| Virginia Electric and Power Company                                                  | D 4.2 05/15/45 B                                      | CUSIP: 927804FT6<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |     20000 | NS      | $16572.48     | 0.00%             | 2045-05-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 5.45 04/01/31                                     | CUSIP: 404119CT4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    620000 | NS      | $647093.38    | 0.09%             | 2031-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Healthcare Realty Holdings L.P                                                       | HR 2.05 03/15/31                                      | CUSIP: 42225UAM6<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              | CORP              | US        |    525000 | NS      | $454069.78    | 0.06%             | 2031-03-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Howard University                                                                    | HOWUNI 3.476 10/01/41 2020                            | CUSIP: 442851AY7<br>LEI: 5493000EDHIQDJSTOF89 | Long             | DBT              | CORP              | US        |    160000 | NS      | $125478.25    | 0.02%             | 2041-10-01      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| IMPERIAL FUND MTG                                                                    | IMPRL 2021-NQM2 A1                                    | CUSIP: 452761AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    142606 | NS      | $121231.68    | 0.02%             | 2056-09-25      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| IMPERIAL FUND MTG                                                                    | IMPRL 2022-NQM2 A1                                    | CUSIP: 45276PAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    466615 | NS      | $445093.59    | 0.06%             | 2067-03-25      | Variable      | 3.64%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                    | INTC 5.05 08/05/62                                    | CUSIP: 458140CC2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    135000 | NS      | $109641.59    | 0.01%             | 2062-08-05      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V3.702 05/06/30                                   | CUSIP: 46647PBD7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    175000 | NS      | $172365.19    | 0.02%             | 2030-05-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V2.963 01/25/33                                   | CUSIP: 46647PCU8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    475000 | NS      | $435898.13    | 0.06%             | 2033-01-25      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V5.14 01/24/31                                    | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    100000 | NS      | $103359.36    | 0.01%             | 2031-01-24      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| Jersey Central Power & Light Co.                                                     | FE 5.1 01/15/35                                       | CUSIP: 476556DF9<br>LEI: 549300W9UGH9ZPLNPF79 | Long             | DBT              | CORP              | US        |     50000 | NS      | $50561.59     | 0.01%             | 2035-01-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| MADISON PARK FUNDING XL-R LTD                                                        | MDPK 2025-40RA A                                      | CUSIP: 55823RAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    650000 | NS      | $651688.69    | 0.09%             | 2038-10-16      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                                                            | MARS 5.2 03/01/35 144A                                | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    575000 | NS      | $591002.04    | 0.08%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V3.772 01/24/29 GMTN                               | CUSIP: 61744YAP3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    600000 | NS      | $596610.75    | 0.08%             | 2029-01-24      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V4.889 07/20/33                                    | CUSIP: 61747YEU5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    355000 | NS      | $360111.03    | 0.05%             | 2033-07-20      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                                             | CUSIP: 01F040610<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6000000 | NS      | $5690547.50   | 0.77%             | 2055-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hess Corporation                                                                     | HES 7.125 03/15/33                                    | CUSIP: 023551AM6<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |     54000 | NS      | $62494.61     | 0.01%             | 2033-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Colt 2020-2R Mortgage Loan Trust                                                     | COLT 2020-2R A1                                       | CUSIP: 12656GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     47790 | NS      | $45325.62     | 0.01%             | 2065-10-26      | Variable      | 1.32%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 3.75 02/15/28                                    | CUSIP: 161175BJ2<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    325000 | NS      | $320398.25    | 0.04%             | 2028-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V2.572 06/03/31                                     | CUSIP: 172967MS7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    330000 | NS      | $305755.53    | 0.04%             | 2031-06-03      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| Columbia Pipelines Operating Co. LLC                                                 | CPGX 5.927 08/15/30 144A                              | CUSIP: 19828TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | NS      | $105785.62    | 0.01%             | 2030-08-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FNR 2019-45 PT                                        | CUSIP: 3136B5PK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     50149 | NS      | $45970.86     | 0.01%             | 2049-08-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FHMS K111 X1                                          | CUSIP: 3137FUZE7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    564042 | NS      | $32370.14     | 0.00%             | 2030-05-25      | Variable      | 1.56%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM5525                                             | CUSIP: 3140X9D77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    840337 | NS      | $715929.19    | 0.10%             | 2051-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V5.218 04/23/31                                    | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    235000 | NS      | $242719.14    | 0.03%             | 2031-04-23      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| GreatAmerica Leasing Receivables Funding LLC                                         | GALC 2024-1 B                                         | CUSIP: 39154TCL0<br>LEI: 549300JFP7GIDD4UWO79 | Long             | ABS-O            | CORP              | US        |     80000 | NS      | $81581.68     | 0.01%             | 2030-12-16      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| GREENSKY HOME IMPROVEMENT ISSUER TRUST 2025-3                                        | GSKY 2025-3A B                                        | CUSIP: 39571WAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    410000 | NS      | $410821.28    | 0.06%             | 2060-12-27      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| Hyatt Hotels Corporation                                                             | H 5.5 06/30/34                                        | CUSIP: 448579AS1<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |    630000 | NS      | $649344.47    | 0.09%             | 2034-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                    | INTC 3.05 08/12/51                                    | CUSIP: 458140BW9<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     40000 | NS      | $24597.28     | 0.00%             | 2051-08-12      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc                                                                 | KDP 2.25 03/15/31 31*                                 | CUSIP: 49271VAN0<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    408000 | NS      | $363956.32    | 0.05%             | 2031-03-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| NEW RSDNTL MTG LN TR 2022-NQM2                                                       | NRZT 2022-NQM2 A1                                     | CUSIP: 64831MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    379756 | NS      | $360919.53    | 0.05%             | 2062-03-25      | Variable      | 3.08%                 | No            |                  2 | On Loan: No      |
| ONE NEW YORK PLAZA TR 20-1NYP                                                        | ONYP 2020-1NYP A                                      | CUSIP: 68249DAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | NS      | $343304.98    | 0.05%             | 2036-01-15      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| PRET 2025-NPL11 LLC                                                                  | PRET 2025-NPL11 A1                                    | CUSIP: 69383AAA7<br>LEI: 254900OU85YCZAPWVR73 | Long             | ABS-O            | CORP              | US        |   1025244 | NS      | $1025792.81   | 0.14%             | 2055-10-25      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| Plains All American Pipeline L.P.                                                    | PAA 3.8 09/15/30                                      | CUSIP: 72650RBN1<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |    550000 | NS      | $533873.19    | 0.07%             | 2030-09-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| RR 1 Ltd.                                                                            | RRAM 2023-26A A2R                                     | CUSIP: 74989MAQ4<br>LEI: 5493009J845TPXPKFN71 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | NS      | $250108.25    | 0.03%             | 2038-04-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Solventum Corp.                                                                      | SOLV 5.45 03/13/31                                    | CUSIP: 83444MAQ4<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    360000 | NS      | $375523.53    | 0.05%             | 2031-03-13      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 5.75 01/15/34                                    | CUSIP: 87264ADC6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     30000 | NS      | $31782.49     | 0.00%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                                                         | B 0 02/17/26                                          | CUSIP: 912797SR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10700000 | NS      | $10647372.00  | 1.44%             | 2026-02-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V6.407 11/01/29                                    | CUSIP: 61747YFH3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    190000 | NS      | $201382.64    | 0.03%             | 2029-11-01      | Fixed         | 6.41%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V5.664 04/17/36                                    | CUSIP: 61747YGA7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    265000 | NS      | $278161.28    | 0.04%             | 2036-04-17      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4.875 08/15/45                                      | CUSIP: 912810UN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1150000 | NS      | $1161140.63   | 0.16%             | 2045-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.625 04/30/29                                      | CUSIP: 91282CKP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9240000 | NS      | $9538495.00   | 1.29%             | 2029-04-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                                    | S 0 05/15/32                                          | CUSIP: 9128337R5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    831000 | NS      | $643982.63    | 0.09%             | 2032-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wendys Funding Llc                                                                   | WEN 2018-1A A2II                                      | CUSIP: 95058XAE8<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |    179346 | NS      | $176279.71    | 0.02%             | 2048-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-DSC3                             | MSRM 2025-DSC3 A1A                                    | CUSIP: 61779JAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    957950 | NS      | $958402.31    | 0.13%             | 2070-09-25      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                                                        | NFLX 5.375 11/15/29 144A                              | CUSIP: 64110LAU0<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    805000 | NS      | $839141.25    | 0.11%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Resi Mtg Tr 2017-5                                                               | NRZT 2017-5A A1                                       | CUSIP: 64828NAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20614 | NS      | $20862.13     | 0.00%             | 2057-06-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| NSTAR Electric Company                                                               | ES 5.2 03/01/35                                       | CUSIP: 67021CAW7<br>LEI: 54930080R72Y2Z31UR68 | Long             | DBT              | CORP              | US        |    270000 | NS      | $275601.75    | 0.04%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| OBX 2022-NQM1 TRUST                                                                  | OBX 2022-NQM1 A1                                      | CUSIP: 67114VAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    547869 | NS      | $496019.36    | 0.07%             | 2061-11-25      | Variable      | 2.31%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 3.6 04/01/40                                     | CUSIP: 68389XBW4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    350000 | NS      | $259573.23    | 0.04%             | 2040-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| PT Pertamina (Persero)                                                               | PERTIJ 3.1 01/21/30 REGS                              | CUSIP: 69370RAF4<br>LEI: 254900NDAKGNZ2IBBL45 | Long             | DBT              | CORP              | ID        |    200000 | NS      | $188758.59    | 0.03%             | 2030-01-21      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 3.25 06/01/31                                     | CUSIP: 694308JT5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    185000 | NS      | $172140.31    | 0.02%             | 2031-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 6.1 01/15/29                                      | CUSIP: 694308KL0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    160000 | NS      | $167338.38    | 0.02%             | 2029-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Panama (Republic of)                                                                 | PANAMA 2.252 09/29/32                                 | CUSIP: 698299BN3<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    340000 | NS      | $280874.00    | 0.04%             | 2032-09-29      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| PeaceHealth                                                                          | PEAHEA 4.335 11/15/28                                 | CUSIP: 70462GAE8<br>LEI: PLDU35L52IYZUL5SMS69 | Long             | DBT              | CORP              | US        |    325000 | NS      | $326513.53    | 0.04%             | 2028-11-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 5.625 09/07/33                                     | CUSIP: 718172DE6<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    130000 | NS      | $137889.64    | 0.02%             | 2033-09-07      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 4.375 11/01/27                                     | CUSIP: 718172DM8<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    250000 | NS      | $252193.00    | 0.03%             | 2027-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PRET 2025-NPL9 LLC                                                                   | PRET 2025-NPL9 A1                                     | CUSIP: 740937AA5<br>LEI: 254900IWII23Q41Y2V47 | Long             | ABS-O            | CORP              | US        |    597280 | NS      | $600746.50    | 0.08%             | 2055-08-25      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL 2022-SFR4 TRUS                                                  | PROG 2022-SFR4 A                                      | CUSIP: 74332XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    373320 | NS      | $372555.97    | 0.05%             | 2041-05-17      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| PROGRESS RES TR 2021-SRF8                                                            | PROG 2021-SFR8 A                                      | CUSIP: 74333TAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    389640 | NS      | $383605.63    | 0.05%             | 2038-10-19      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| Quanta Services, Inc.                                                                | PWR 5.25 08/09/34                                     | CUSIP: 74762EAL6<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |    305000 | NS      | $312717.56    | 0.04%             | 2034-08-09      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RAD CLO LTD 12                                                                       | RAD 2021-12A A1AR                                     | CUSIP: 75009PAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    595000 | NS      | $596880.19    | 0.08%             | 2040-07-30      | Variable      | 5.63%                 | No            |                  2 | On Loan: No      |
| Republic Services, Inc.                                                              | RSG 5.2 11/15/34                                      | CUSIP: 760759BK5<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    195000 | NS      | $201901.10    | 0.03%             | 2034-11-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL MORTGAGE LOAN TRUST 2021 -1R                                             | RMLT 2021-1R A1                                       | CUSIP: 76090NAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     29136 | NS      | $28283.02     | 0.00%             | 2065-01-25      | Variable      | 0.86%                 | No            |                  2 | On Loan: No      |
| Romania (Republic Of)                                                                | ROMANI 7.5 02/10/37 144A                              | CUSIP: 77586RAW0<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     86000 | NS      | $95123.99     | 0.01%             | 2037-02-10      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Royalty Pharma PLC                                                                   | RPRX 5.4 09/02/34                                     | CUSIP: 78081BAR4<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    341000 | NS      | $349295.19    | 0.05%             | 2034-09-02      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Company                                                            | ARAMCO 5.75 07/17/54 144A                             | CUSIP: 80414L2P9<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    230000 | NS      | $224369.59    | 0.03%             | 2054-07-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                   | EIX 5.9 03/01/55                                      | CUSIP: 842400JH7<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     90000 | NS      | $86887.97     | 0.01%             | 2055-03-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Southern Co.                                                                         | SO 5.7 03/15/34                                       | CUSIP: 842587DT1<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     75000 | NS      | $78957.69     | 0.01%             | 2034-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer Llc                                                      | SIDC 2024-1A A2                                       | CUSIP: 85236KAM4<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |    150000 | NS      | $151863.27    | 0.02%             | 2049-03-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust 2020-3                                           | STAR 2020-3 A1                                        | CUSIP: 85573MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9850 | NS      | $9648.43      | 0.00%             | 2065-04-25      | Variable      | 1.49%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 2.4 03/15/29                                     | CUSIP: 87264ACS2<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    120000 | NS      | $113660.40    | 0.02%             | 2029-03-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust 2017 2                                                     | TPMT 2018-1 A1                                        | CUSIP: 89176EAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3168 | NS      | $3148.67      | 0.00%             | 2058-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Travelers Companies, Inc.                                                            | TRV 5.05 07/24/35                                     | CUSIP: 89417EAT6<br>LEI: 549300Y650407RU8B149 | Long             | DBT              | CORP              | US        |    275000 | NS      | $279298.29    | 0.04%             | 2035-07-24      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                         | UBS V5.58 05/09/36 144A                               | CUSIP: 902613BQ0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    435000 | NS      | $452333.56    | 0.06%             | 2036-05-09      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                                                         | B 0 02/10/26                                          | CUSIP: 912797SQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9115000 | NS      | $9078887.75   | 1.23%             | 2026-02-10      | None          | 0.00%                 | No            |                  2 | On Loan: —       |
| United States Treasury Bills                                                         | B 0 02/24/26                                          | CUSIP: 912797SS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5140000 | NS      | $5112585.50   | 0.69%             | 2026-02-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 2.5 02/15/45                                        | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3850000 | NS      | $2726581.93   | 0.37%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MTG TR 2025-7                                                              | AOMT 2025-7 A1                                        | CUSIP: 03466TAA5<br>LEI: 254900QTRHHMG5RQ9X60 | Long             | ABS-O            | CORP              | US        |    918295 | NS      | $927286.63    | 0.13%             | 2070-06-25      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| BANK 2023-BNK45                                                                      | BANK 2023-BNK45 XA                                    | CUSIP: 06541BBQ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    885284 | NS      | $49930.84     | 0.01%             | 2056-02-17      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| BARINGS CLO LTD 2024-I                                                               | BABSN 2024-1A B                                       | CUSIP: 06763VAC9<br>LEI: 2549005VRCK51O5LRS39 | Long             | ABS-CBDO         | CORP              | KY        |    360000 | NS      | $360518.41    | 0.05%             | 2037-01-21      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2025-C32                                                        | BBCMS 2025-C32 XA                                     | CUSIP: 07337AAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1048610 | NS      | $86093.70     | 0.01%             | 2062-02-17      | Variable      | 1.36%                 | No            |                  2 | On Loan: No      |
| The Cigna Group                                                                      | CI 4.8 08/15/38                                       | CUSIP: 125523AJ9<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    325000 | NS      | $311194.25    | 0.04%             | 2038-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Carval CLO IV Ltd.                                                                   | CARVL 2021-1A A1R                                     | CUSIP: 14687EAU4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1520000 | NS      | $1522058.13   | 0.21%             | 2038-03-31      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Choice Hotels International, Inc.                                                    | CHH 5.85 08/01/34                                     | CUSIP: 169905AH9<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |    193000 | NS      | $196775.31    | 0.03%             | 2034-08-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Columbia Pipelines Holding Co. LLC                                                   | CPGX 4.999 11/17/32 144A                              | CUSIP: 19828AAF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | NS      | $184983.52    | 0.03%             | 2032-11-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Essex Portfolio Lp                                                                   | ESS 3 01/15/30                                        | CUSIP: 29717PAU1<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              | CORP              | US        |    600000 | NS      | $569958.06    | 0.08%             | 2030-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                   | META 5.625 11/15/55 .                                 | CUSIP: 30303MAE2<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |     90000 | NS      | $86379.39     | 0.01%             | 2055-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | FR ZJ0477                                             | CUSIP: 3131WQQ67<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGSE             | US        |     45936 | NS      | $44982.24     | 0.01%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR QE0827                                             | CUSIP: 3133B94L5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    980853 | NS      | $794267.50    | 0.11%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 2.875 11/15/46                                      | CUSIP: 912810RU4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | NS      | $1107656.25   | 0.15%             | 2046-11-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 0.5 06/30/27                                        | CUSIP: 912828ZV5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1070000 | NS      | $1023898.06   | 0.14%             | 2027-06-30      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| GCAT 2021-NQM1 TR                                                                    | GCAT 2021-NQM1 A1                                     | CUSIP: 36167TAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    117134 | NS      | $104998.08    | 0.01%             | 2066-01-25      | Variable      | 0.87%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA6339                                             | CUSIP: 36179VBG4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    241414 | NS      | $221731.94    | 0.03%             | 2049-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GE Healthcare Technologies Inc.                                                      | GEHC 5.905 11/22/32                                   | CUSIP: 36267VAK9<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    200000 | NS      | $215438.31    | 0.03%             | 2032-11-22      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| GS MTG CORPORATION TR 2024-70P                                                       | GSMS 2024-70P A                                       | CUSIP: 36269JAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    625000 | NS      | $631832.81    | 0.09%             | 2041-03-12      | Variable      | 5.31%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.25 03/15/27                                       | CUSIP: 91282CKE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6585000 | NS      | $6640818.00   | 0.90%             | 2027-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.125 11/30/29                                      | CUSIP: 91282CMA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5505000 | NS      | $5600047.25   | 0.76%             | 2029-11-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2013-37 LG                                        | CUSIP: 38378JNS7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |     11090 | NS      | $10919.86     | 0.00%             | 2042-01-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HONDA AUTO RECEIVABLES 2023-4 OWNE                                                   | HAROT 2023-4 A3                                       | CUSIP: 438123AC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    673257 | NS      | $680604.56    | 0.09%             | 2028-06-21      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| International Business Machines Corp.                                                | IBM 4.8 02/10/30 ..                                   | CUSIP: 459200LG4<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    290000 | NS      | $296605.78    | 0.04%             | 2030-02-10      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| MasterCard Incorporated                                                              | MA 3.3 03/26/27                                       | CUSIP: 57636QAR5<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    625000 | NS      | $621805.56    | 0.08%             | 2027-03-26      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.75 04/30/27                                       | CUSIP: 91282CMY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6970000 | NS      | $6991781.00   | 0.95%             | 2027-04-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 5.3 06/15/35                                      | CUSIP: 91324PFQ0<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    145000 | NS      | $150129.00    | 0.02%             | 2035-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM21 TRUST                                                                 | OBX 2025-NQM21 A1A                                    | CUSIP: 67448BAD6<br>LEI: 254900E5OS34AOMYSY84 | Long             | ABS-O            | CORP              | US        |    950000 | NS      | $952395.50    | 0.13%             | 2065-10-25      | Variable      | 4.99%                 | No            |                  2 | On Loan: No      |
| PRET 2025-RPL5 TRUST                                                                 | PRET 2025-RPL5 A1                                     | CUSIP: 69393AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1014887 | NS      | $997509.25    | 0.13%             | 2070-01-25      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| SECURITIZED TERM AUTO RECEIVABLES TRUST                                              | SSTRT 2025-B B                                        | CUSIP: 81378WAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |    240278 | NS      | $242344.23    | 0.03%             | 2032-12-29      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                                                | TRGP 4.2 02/01/33                                     | CUSIP: 87612GAA9<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    155000 | NS      | $148390.73    | 0.02%             | 2033-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                          | VZ 2.55 03/21/31                                      | CUSIP: 92343VGJ7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    350000 | NS      | $319617.72    | 0.04%             | 2031-03-21      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| VERSUS SECRTZN TR 2021-4                                                             | VERUS 2021-4 A1                                       | CUSIP: 92538HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    133407 | NS      | $113018.21    | 0.02%             | 2066-07-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                                    | S 0 11/15/30                                          | CUSIP: 9128337N4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    390000 | NS      | $323624.84    | 0.04%             | 2030-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                                    | S 0 11/15/29                                          | CUSIP: 912833XT2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1842000 | NS      | $1595170.13   | 0.22%             | 2029-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                     | PARA 4.95 05/19/50                                    | CUSIP: 92556HAC1<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    110000 | NS      | $77030.83     | 0.01%             | 2050-05-19      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Waste Management, Inc.                                                               | WM 3.15 11/15/27                                      | CUSIP: 94106LBE8<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    175000 | NS      | $172957.61    | 0.02%             | 2027-11-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 4.3 07/22/27 GMTN                                 | CUSIP: 94974BGL8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    750000 | NS      | $752923.44    | 0.10%             | 2027-07-22      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Wisconsin Power and Light Company                                                    | LNT 5.375 03/30/34                                    | CUSIP: 976826BS5<br>LEI: JWBYHVQVMY66CVCOSO49 | Long             | DBT              | CORP              | US        |     90000 | NS      | $92783.38     | 0.01%             | 2034-03-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Fidelity Grand Harbour Clo 2023-1 DAC                                                | FICLO 2023-1A B1R                                     | CUSIP: BCC3KJX12<br>LEI: 635400GMXFDXRDDHLG52 | Long             | ABS-O            | CORP              | IE        |    500000 | NS      | $586861.88    | 0.08%             | 2038-02-15      | Floating      | 3.81%                 | No            |                  2 | On Loan: No      |
| Arini European Clo VII Designated Activity Co.                                       | ARINI 7A B                                            | CUSIP: BCC3PFC26<br>LEI: 635400HLOZDFMPWGCW53 | Long             | ABS-O            | CORP              | IE        |    500000 | NS      | $587533.50    | 0.08%             | 2039-01-15      | Floating      | 3.79%                 | No            |                  2 | On Loan: No      |
| Bermuda (Government of)                                                              | BERMUD 5 07/15/32 REGS                                | CUSIP: G10367AH6<br>LEI: 549300FP5PUZXX9FVJ40 | Long             | DBT              | NUSS              | BM        |    200000 | NS      | $201900.00    | 0.03%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                                             | CUSIP: 01F052615<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  30575000 | NS      | $31002518.00  | 4.19%             | 2055-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                             | AOMT 2020-R1 A1                                       | CUSIP: 034651AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     46228 | NS      | $44676.65     | 0.01%             | 2053-04-25      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust 2019-3                                                         | ARRW 2019-3 A1                                        | CUSIP: 04285AAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     33359 | NS      | $32097.88     | 0.00%             | 2048-10-25      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| BHP Billiton Finance (USA) Ltd.                                                      | BHP 5.25 09/08/33                                     | CUSIP: 055451BE7<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |     75000 | NS      | $77910.67     | 0.01%             | 2033-09-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Benchmark 2020-B16 Mortgage Trust                                                    | BMARK 2020-B22 XA                                     | CUSIP: 08163BBF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1089122 | NS      | $65121.10     | 0.01%             | 2054-01-16      | Variable      | 1.49%                 | No            |                  2 | On Loan: No      |
| BINOM Securitization Trust 2022-INV1                                                 | BINOM 2022-INV1 A1                                    | CUSIP: 090975AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    372042 | NS      | $364694.16    | 0.05%             | 2057-08-25      | Variable      | 4.44%                 | No            |                  2 | On Loan: No      |
| Blackstone Secured Lending Fund                                                      | BXSL 5.125 01/31/31                                   | CUSIP: 09261XAL6<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |    500000 | NS      | $493774.68    | 0.07%             | 2031-01-31      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| Bravo Residential Funding Trust 2025-NQM8                                            | BRAVO 2025-NQM8 A1A                                   | CUSIP: 10571JAB2<br>LEI: 254900Z6C8GAQR4M4U49 | Long             | ABS-O            | CORP              | US        |    735446 | NS      | $738552.56    | 0.10%             | 2065-06-25      | Variable      | 5.08%                 | No            |                  2 | On Loan: No      |
| CSMC 2020-RPL4                                                                       | CSMC 2020-RPL4 A1                                     | CUSIP: 126405AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    218267 | NS      | $198514.30    | 0.03%             | 2060-01-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| COMM 2024-277P MORTGAGE TRUST                                                        | COMM 2024-277P A                                      | CUSIP: 12654FAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    165000 | NS      | $173818.13    | 0.02%             | 2044-08-11      | Variable      | 6.34%                 | No            |                  2 | On Loan: No      |
| CBAMR 2020-12R LTD                                                                   | CBAMR 2020-12A A1R2                                   | CUSIP: 14988FAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    890000 | NS      | $890000.00    | 0.12%             | 2039-01-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 3.5 03/01/42                                     | CUSIP: 161175CE2<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |     35000 | NS      | $24280.93     | 0.00%             | 2042-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V4.91 05/24/33                                      | CUSIP: 172967NU1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    360000 | NS      | $364314.31    | 0.05%             | 2033-05-24      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| COLT MTG LN TR 2021-2                                                                | COLT 2021-2 A1                                        | CUSIP: 19685WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    165300 | NS      | $140374.13    | 0.02%             | 2066-08-25      | Variable      | 0.92%                 | No            |                  2 | On Loan: No      |
| Colt Mortgage Loan Trust                                                             | COLT 2021-3 A1                                        | CUSIP: 19688FAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    294987 | NS      | $253951.56    | 0.03%             | 2066-09-27      | Variable      | 0.96%                 | No            |                  2 | On Loan: No      |
| COLT 2021-HX1 MTG LN TR                                                              | COLT 2021-HX1 A1                                      | CUSIP: 19688KAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    409412 | NS      | $355228.13    | 0.05%             | 2066-10-25      | Variable      | 1.11%                 | No            |                  2 | On Loan: No      |
| ConocoPhillips Co.                                                                   | COP 4.025 03/15/62                                    | CUSIP: 20826FBD7<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    115000 | NS      | $83550.58     | 0.01%             | 2062-03-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| Constellation Brands, Inc.                                                           | STZ 3.6 02/15/28                                      | CUSIP: 21036PAY4<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    140000 | NS      | $138698.83    | 0.02%             | 2028-02-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                                                                    | CCI 3.1 11/15/29                                      | CUSIP: 22822VAN1<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    158000 | NS      | $150544.08    | 0.02%             | 2029-11-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                               | FANG 6.25 03/15/53                                    | CUSIP: 25278XAW9<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |     45000 | NS      | $45429.71     | 0.01%             | 2053-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Dominos Pizza Inc.                                                                   | DPABS 2019-1A A2                                      | CUSIP: 25755TAL4<br>LEI: 25490005ZWM1IF9UXU57 | Long             | ABS-O            | CORP              | US        |    100800 | NS      | $97026.17     | 0.01%             | 2049-10-25      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| Duke Energy Progress LLC                                                             | DUK 5.55 03/15/55                                     | CUSIP: 26442UAV6<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |    150000 | NS      | $147959.10    | 0.02%             | 2055-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Elmwood Clo V Ltd.                                                                   | ELM23 2023-2A BR                                      | CUSIP: 29003YAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    255000 | NS      | $255391.69    | 0.03%             | 2036-04-16      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Equitable America Global Funding                                                     | EQH 4.7 09/15/32 144A                                 | CUSIP: 29446Q2E2<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |    545000 | NS      | $542222.80    | 0.07%             | 2032-09-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust 2013-2                                           | EART 2025-1A A3                                       | CUSIP: 30167MAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | NS      | $175307.11    | 0.02%             | 2028-08-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                   | META 5.5 11/15/45                                     | CUSIP: 30303M8X3<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    505000 | NS      | $490364.57    | 0.07%             | 2045-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR ZI4161                                             | CUSIP: 3131WGTS8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      2482 | NS      | $2609.05      | 0.00%             | 2036-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD6877                                             | CUSIP: 3132DUUA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2295733 | NS      | $2034604.25   | 0.28%             | 2052-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD8053                                             | CUSIP: 3132DV5N1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     85831 | NS      | $84682.42     | 0.01%             | 2050-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD7555                                             | CUSIP: 3132DVMC6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2274040 | NS      | $2049751.13   | 0.28%             | 2052-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR QE5482                                             | CUSIP: 3133BFCT5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    781044 | NS      | $633085.00    | 0.09%             | 2052-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2016-38 NA                                        | CUSIP: 3136ASMM5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     15168 | NS      | $14319.68     | 0.00%             | 2046-01-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2017-84 KA                                        | CUSIP: 3136AYMB6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     16991 | NS      | $16905.20     | 0.00%             | 2053-04-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNA 2020-M2 X                                         | CUSIP: 3136B75H0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   4269946 | NS      | $35721.08     | 0.00%             | 2030-01-25      | Variable      | 0.39%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FHMS K112 X1                                          | CUSIP: 3137FUZX5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1107331 | NS      | $57663.37     | 0.01%             | 2030-05-25      | Variable      | 1.43%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                               | FHMS KF153 AS                                         | CUSIP: 3137H9Y94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    226017 | NS      | $227106.16    | 0.03%             | 2033-02-25      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNS 415 A3                                            | CUSIP: 31395QFB1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     40232 | NS      | $37260.93     | 0.01%             | 2042-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BQ6999                                             | CUSIP: 3140KSX51<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1163846 | NS      | $944282.94    | 0.13%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB2045                                             | CUSIP: 3140QMHX5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    183015 | NS      | $158237.30    | 0.02%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS2772                                             | CUSIP: 3140XJCJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     40010 | NS      | $34529.95     | 0.00%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA0625                                             | CUSIP: 31417YVT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    155342 | NS      | $153431.53    | 0.02%             | 2031-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Corp.                                                                    | FE 3.9 07/15/27 B                                     | CUSIP: 337932AH0<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |     55000 | NS      | $54780.57     | 0.01%             | 2027-07-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Seasoned Credit Risk Transfer Trust Series 2017-2                        | SCRT 2019-3 MV                                        | CUSIP: 35563PLK3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     56146 | NS      | $53856.12     | 0.01%             | 2058-10-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2022-DNA7                                              | STACR 2022-DNA5 M1B                                   | CUSIP: 35564KYP8<br>LEI: 5493000IRUQLXTG4SV18 | Long             | ABS-O            | USGSE             | US        |    695000 | NS      | $731072.56    | 0.10%             | 2042-06-25      | Floating      | 8.37%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7419                                             | CUSIP: 36179WG44<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     57656 | NS      | $51872.98     | 0.01%             | 2051-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA8427                                             | CUSIP: 36179XLG9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    841401 | NS      | $825648.50    | 0.11%             | 2052-11-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange Inc                                                        | ICE 3.625 09/01/28                                    | CUSIP: 45866FBB9<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    140000 | NS      | $138837.30    | 0.02%             | 2028-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V2.739 10/15/30                                   | CUSIP: 46647PBE5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     25000 | NS      | $23716.15     | 0.00%             | 2030-10-15      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V4.946 10/22/35                                   | CUSIP: 46647PER3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     45000 | NS      | $45443.62     | 0.01%             | 2035-10-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Jbs Usa Lux SA/Jbs Usa Food Company/Jbs Usa Finance Inc                              | JBSSBZ 7.25 11/15/53                                  | CUSIP: 47214BAD0<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |    100000 | NS      | $111942.31    | 0.02%             | 2053-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Las Vegas Sands Corp                                                                 | LVS 5.625 06/15/28                                    | CUSIP: 517834AM9<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    200000 | NS      | $205059.03    | 0.03%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                                                         | MAR 2.85 04/15/31 HH                                  | CUSIP: 571903BG7<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    675000 | NS      | $625781.85    | 0.08%             | 2031-04-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                  | NRZT 2021-NQ1R A1                                     | CUSIP: 64828BAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     72049 | NS      | $65998.69     | 0.01%             | 2049-01-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM11 TRUST                                                                 | OBX 2025-NQM11 A1A                                    | CUSIP: 67449BAL7<br>LEI: 254900KNWDG7C03UTA13 | Long             | ABS-O            | CORP              | US        |    760434 | NS      | $766767.31    | 0.10%             | 2065-05-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 3.65 03/25/41                                    | CUSIP: 68389XBZ7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     50000 | NS      | $36475.98     | 0.00%             | 2041-03-25      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-5 LLC                                                                      | PRPM 2025-5 A1                                        | CUSIP: 69392RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    158478 | NS      | $158605.84    | 0.02%             | 2030-07-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 2.5 02/01/31                                      | CUSIP: 694308JG3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    405000 | NS      | $364484.09    | 0.05%             | 2031-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 4.95 07/01/50                                     | CUSIP: 694308JN8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     73000 | NS      | $61701.95     | 0.01%             | 2050-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 6.95 03/15/34                                     | CUSIP: 694308KP1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    286000 | NS      | $318065.05    | 0.04%             | 2034-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 4.875 02/15/28                                     | CUSIP: 718172CZ0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     45000 | NS      | $45863.76     | 0.01%             | 2028-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 5.125 02/13/31                                     | CUSIP: 718172DH9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    165000 | NS      | $170973.51    | 0.02%             | 2031-02-13      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Poland (Republic of)                                                                 | POLAND 5.125 09/18/34 10Y                             | CUSIP: 731011AY8<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    220000 | NS      | $225316.34    | 0.03%             | 2034-09-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PRESTIGE AUTO RECEIVABLES TRUST 202                                                  | PART 2024-2A B                                        | CUSIP: 74113SAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    130000 | NS      | $129687.56    | 0.02%             | 2029-02-15      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| Realty Income Corporation                                                            | O 5.125 04/15/35                                      | CUSIP: 756109CT9<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    170000 | NS      | $172919.52    | 0.02%             | 2035-04-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CNTY CALIF                                                                 | CA RIV 2.96 02/15/2027                                | CUSIP: 76913CBB4<br>LEI: 254900CB5HEOBAVTY629 | Long             | DBT              | MUN               | US        |    420000 | NS      | $415645.06    | 0.06%             | 2027-02-15      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                             | T 1.65 02/01/28                                       | CUSIP: 00206RKG6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    555000 | NS      | $529040.60    | 0.07%             | 2028-02-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Agree LP                                                                             | ADC 4.8 10/01/32                                      | CUSIP: 008513AD5<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              | CORP              | US        |    370000 | NS      | $372295.34    | 0.05%             | 2032-10-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                                             | CUSIP: 01F060618<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8255000 | NS      | $8475635.50   | 1.15%             | 2055-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust I Llc                                                       | AOMT 2020-1 A1                                        | CUSIP: 03464RAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     14229 | NS      | $13926.77     | 0.00%             | 2059-12-25      | Variable      | 2.47%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                   | EIX 6.2 09/15/55                                      | CUSIP: 842400JK0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     60000 | NS      | $60282.32     | 0.01%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Southern Company Gas Capital Corp.                                                   | SO 5.1 09/15/35 B                                     | CUSIP: 8426EPAK4<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |    345000 | NS      | $347643.10    | 0.05%             | 2035-09-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust 2020-6                                                      | AOMT 2020-6 A1                                        | CUSIP: 03465AAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     28665 | NS      | $26584.50     | 0.00%             | 2065-05-25      | Variable      | 1.26%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR9                                                                      | BANK5 2024-5YR9 AS                                    | CUSIP: 06644VBM1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | NS      | $419171.19    | 0.06%             | 2057-08-17      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| STARWOOD MTG RES TRUST 2021-6                                                        | STAR 2021-6 A1                                        | CUSIP: 85573RAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    296442 | NS      | $263262.78    | 0.04%             | 2066-11-25      | Variable      | 1.92%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                                  | SYF V5.45 03/06/31                                    | CUSIP: 87165BAW3<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    395000 | NS      | $404993.63    | 0.05%             | 2031-03-06      | Fixed         | 5.45%                 | No            |                  2 | On Loan: —       |
| Benchmark 2020-B16 Mortgage Trust                                                    | BMARK 2019-B11 A2                                     | CUSIP: 08162BBB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2224 | NS      | $2217.00      | 0.00%             | 2052-05-17      | Variable      | 3.41%                 | No            |                  2 | On Loan: No      |
| Benchmark 2020-B16 Mortgage Trust                                                    | BMARK 2019-B12 XA                                     | CUSIP: 08162FAK9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    859252 | NS      | $21345.96     | 0.00%             | 2052-08-16      | Variable      | 1.02%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                                                | TRGP 6.5 03/30/34                                     | CUSIP: 87612GAF8<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |     80000 | NS      | $87311.01     | 0.01%             | 2034-03-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Texas Commercial Mortgage Trust 2025-Twr                                             | TEXAS 2025-TWR A                                      | CUSIP: 88231WAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    560000 | NS      | $560709.25    | 0.08%             | 2042-04-15      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 3.137 11/15/35 144A                              | CUSIP: 11135FBP5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    339000 | NS      | $291942.03    | 0.04%             | 2035-11-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| CCG RECEIVABLES TRUST                                                                | CCG 2025-2 B                                          | CUSIP: 12516XAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    520000 | NS      | $521097.16    | 0.07%             | 2034-08-14      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust 2015-3                                                     | TPMT 2018-3 A1                                        | CUSIP: 89175MAA1<br>LEI: 549300ZHISOOIT5VZP03 | Long             | ABS-O            | CORP              | US        |     43310 | NS      | $42673.27     | 0.01%             | 2058-05-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Trans-Allegheny Interstate Line Company                                              | FE 5 01/15/31 144A                                    | CUSIP: 893045AF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | NS      | $56499.51     | 0.01%             | 2031-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tricon Residential 2024-SFR4 Trust                                                   | TCN 2024-SFR4 A                                       | CUSIP: 895975AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    292690 | NS      | $290864.66    | 0.04%             | 2029-11-17      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                       | MEX 6.625 01/29/38                                    | CUSIP: 91087BBF6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    465000 | NS      | $485227.50    | 0.07%             | 2038-01-29      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| The Campbells Co.                                                                    | CPB 5.4 03/21/34                                      | CUSIP: 134429BP3<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    511000 | NS      | $520464.37    | 0.07%             | 2034-03-21      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Carrier Global Corporation                                                           | CARR 5.9 03/15/34                                     | CUSIP: 14448CBC7<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    566000 | NS      | $607136.00    | 0.08%             | 2034-03-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Centene Corp.                                                                        | CNC 2.5 03/01/31                                      | CUSIP: 15135BAX9<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    235000 | NS      | $202939.23    | 0.03%             | 2031-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL EQUIP FIN 2024-1 LLC                                                      | CEFI 2024-1A A                                        | CUSIP: 20166RAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    104522 | NS      | $105648.75    | 0.01%             | 2029-07-16      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 3.125 02/15/43                                      | CUSIP: 912810QZ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3900000 | NS      | $3154277.38   | 0.43%             | 2043-02-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4.625 05/15/44                                      | CUSIP: 912810UB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    680000 | NS      | $667621.88    | 0.09%             | 2044-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 1.375 08/31/26                                      | CUSIP: 912828YD6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3980000 | NS      | $3923868.25   | 0.53%             | 2026-08-31      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Vsp Optical Group Inc.                                                               | VSPOPT 5.45 12/01/35 144A                             | CUSIP: 91836LAA0<br>LEI: 549300PHX8USLM2BT742 | Long             | DBT              | CORP              | US        |     50000 | NS      | $50332.91     | 0.01%             | 2035-12-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Var Energi ASA                                                                       | VARNO 6.5 05/22/35 144A                               | CUSIP: 92212WAG5<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    410000 | NS      | $433136.58    | 0.06%             | 2035-05-22      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VERUS SEC TR 2021-7                                                                  | VERUS 2021-7 A1                                       | CUSIP: 92538QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    625960 | NS      | $575014.65    | 0.08%             | 2066-10-25      | Variable      | 2.83%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                     | PARA 4.2 05/19/32                                     | CUSIP: 92556HAD9<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |      5000 | NS      | $4517.55      | 0.00%             | 2032-05-19      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| VMware LLC                                                                           | VMW 2.2 08/15/31                                      | CUSIP: 928563AL9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    300000 | NS      | $266566.38    | 0.04%             | 2031-08-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Waste Management, Inc.                                                               | WM 4.95 07/03/31                                      | CUSIP: 94106LBY4<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    187000 | NS      | $193566.48    | 0.03%             | 2031-07-03      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V2.393 06/02/28 MTN                               | CUSIP: 95000U2S1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    240000 | NS      | $234502.55    | 0.03%             | 2028-06-02      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| CommonSpirit Health                                                                  | CATMED 4.352 09/01/30                                 | CUSIP: 20268JAY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | NS      | $348483.25    | 0.05%             | 2030-09-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | CAS 2024-R01 1M2                                      | CUSIP: 20753UAB6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    175000 | NS      | $176008.39    | 0.02%             | 2044-01-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD8463                                             | CUSIP: 3132DWML4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1545154 | NS      | $1586558.00   | 0.21%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BU8224                                             | CUSIP: 3140MAD68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     40339 | NS      | $32631.61     | 0.00%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V5.605 04/23/36                                   | CUSIP: 95000U3V3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    730000 | NS      | $765121.56    | 0.10%             | 2036-04-23      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Wabtec Corp                                                                          | WAB 5.611 03/11/34                                    | CUSIP: 960386AR1<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    290000 | NS      | $304520.06    | 0.04%             | 2034-03-11      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BV4692                                             | CUSIP: 3140MJGA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1293600 | NS      | $1048552.81   | 0.14%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN 910358                                             | CUSIP: 31411KMF7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10945 | NS      | $11511.69     | 0.00%             | 2037-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD ADMIN FIN CORP                                                        | FL FLSGEN 2.15 07/01/2030                             | CUSIP: 341271AF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | NS      | $529062.25    | 0.07%             | 2030-07-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7650                                             | CUSIP: 36179WQB7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2400123 | NS      | $2159387.75   | 0.29%             | 2051-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V5.299 07/24/29                                   | CUSIP: 46647PDU7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     95000 | NS      | $97902.29     | 0.01%             | 2029-07-24      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corporation                                                                 | MTB V7.413 10/30/29                                   | CUSIP: 55261FAS3<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    480000 | NS      | $520758.94    | 0.07%             | 2029-10-30      | Fixed         | 7.41%                 | No            |                  2 | On Loan: No      |
| Penta Clo 2021-2 Designated Activity Company                                         | PENTA 2021-2A BR                                      | CUSIP: N/A<br>LEI: 635400GBGDCFEEAL3O62       | Long             | ABS-O            | CORP              | IE        |    600000 | NS      | $695272.88    | 0.09%             | 2038-04-15      | Floating      | 3.68%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECONOMIC DEV CORP                                                        | MD MDSDEV 5.02 11/30/2033                             | CUSIP: 574205JB7<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    110000 | NS      | $112098.78    | 0.02%             | 2033-11-30      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESI TR 2022-SFR7                                                           | PROG 2022-SFR7 A                                      | CUSIP: 74333CAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    165970 | NS      | $166304.67    | 0.02%             | 2039-10-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Solventum Corp.                                                                      | SOLV 5.6 03/23/34                                     | CUSIP: 83444MAR2<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    260000 | NS      | $270527.94    | 0.04%             | 2034-03-23      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 3.75 04/15/27                                    | CUSIP: 87264ABD6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    444000 | NS      | $442605.13    | 0.06%             | 2027-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4.625 02/15/55                                      | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2745000 | NS      | $2655787.50   | 0.36%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WHARF COMMERCIAL MORTGAGE TRUST 2025-DC                                              | WHARF 2025-DC A                                       | CUSIP: 92987LAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    355000 | NS      | $365180.44    | 0.05%             | 2040-07-17      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| CVC Cordatus Loan Fund III Designated Activity Company                               | CORDA 3A B1R3                                         | CUSIP: BCC3L6JM9<br>LEI: 213800XV458LVR3TU384 | Long             | ABS-O            | CORP              | IE        |    600000 | NS      | $696047.13    | 0.09%             | 2038-05-26      | Floating      | 3.71%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-BOND 30YR                                        | CUSIP: 00002USH6<br>LEI: 549300EX04Q2QBFQTQ27 | Long             | DIR              | CORP              | US        |       161 | NC      | $-181395.76   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-BOND 30YR                                        | CUSIP: 00002USH6<br>LEI: 549300EX04Q2QBFQTQ27 | Long             | DIR              | CORP              | US        |         7 | NC      | $-3718.75     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-BOND 30YR                                        | CUSIP: 00002USH6<br>LEI: 549300EX04Q2QBFQTQ27 | Long             | DIR              | CORP              | US        |        25 | NC      | $-39391.25    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-BOND 30YR                                        | CUSIP: 00002USH6<br>LEI: 549300EX04Q2QBFQTQ27 | Long             | DIR              | CORP              | US        |         7 | NC      | $-2406.25     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| EUREX DEUTSCHLAND                                                                    | FGBX Mar 2026                                         | CUSIP: 00002UBH6<br>LEI: 529900UT4DG0LG5R9O07 | Long             | DIR              | CORP              | DE        |        10 | NC      | $-17863.02    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| EUREX DEUTSCHLAND                                                                    | FGBX Mar 2026                                         | CUSIP: 00002UBH6<br>LEI: 529900UT4DG0LG5R9O07 | Long             | DIR              | CORP              | DE        |        10 | NC      | $-3948.67     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| EUREX DEUTSCHLAND                                                                    | FGBX Mar 2026                                         | CUSIP: 00002UBH6<br>LEI: 529900UT4DG0LG5R9O07 | Long             | DIR              | CORP              | DE        |         4 | NC      | $-658.11      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-NOTE ULTRA 10Y                                   | CUSIP: 0002UXYH6<br>LEI: 549300EX04Q2QBFQTQ27 | Short            | DIR              | CORP              | US        |      -138 | NC      | $97065.73     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-NOTE ULTRA 10Y                                   | CUSIP: 0002UXYH6<br>LEI: 549300EX04Q2QBFQTQ27 | Long             | DIR              | CORP              | US        |        26 | NC      | $-20911.15    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-BOND 30YR                                        | CUSIP: 00002USH6<br>LEI: 549300EX04Q2QBFQTQ27 | Long             | DIR              | CORP              | US        |         9 | NC      | $-18381.85    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-NOTE 10YR                                        | CUSIP: 00002TYH6<br>LEI: 549300EX04Q2QBFQTQ27 | Long             | DIR              | CORP              | US        |       103 | NC      | $-27035.21    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-NOTE 10YR                                        | CUSIP: 00002TYH6<br>LEI: 549300EX04Q2QBFQTQ27 | Long             | DIR              | CORP              | US        |        57 | NC      | $-1285.71     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-BOND ULTRA                                       | CUSIP: 00002WNH6<br>LEI: 549300EX04Q2QBFQTQ27 | Long             | DIR              | CORP              | US        |       137 | NC      | $-263689.71   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-BOND ULTRA                                       | CUSIP: 00002WNH6<br>LEI: 549300EX04Q2QBFQTQ27 | Long             | DIR              | CORP              | US        |        11 | NC      | $-1031.25     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-NOTE 5YR                                         | CUSIP: 00002FVH6<br>LEI: 549300EX04Q2QBFQTQ27 | Short            | DIR              | CORP              | US        |      -136 | NC      | $48621.99     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-NOTE 5YR                                         | CUSIP: 00002FVH6<br>LEI: 549300EX04Q2QBFQTQ27 | Long             | DIR              | CORP              | US        |        39 | NC      | $-769.87      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-NOTE 5YR                                         | CUSIP: 00002FVH6<br>LEI: 549300EX04Q2QBFQTQ27 | Long             | DIR              | CORP              | US        |        26 | NC      | $-3094.31     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-NOTE 5YR                                         | CUSIP: 00002FVH6<br>LEI: 549300EX04Q2QBFQTQ27 | Long             | DIR              | CORP              | US        |        29 | NC      | $-3367.95     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-NOTE 5YR                                         | CUSIP: 00002FVH6<br>LEI: 549300EX04Q2QBFQTQ27 | Long             | DIR              | CORP              | US        |        57 | NC      | $-2719.58     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-NOTE 5YR                                         | CUSIP: 00002FVH6<br>LEI: 549300EX04Q2QBFQTQ27 | Long             | DIR              | CORP              | US        |        23 | NC      | $671.02       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LONG GILT                                                                            | LONG GILT                                             | CUSIP: 00002G9H6<br>LEI: RCNB6OTYUAMMP879YW96 | Long             | DIR              |  | US        |        25 | NC      | $12643.72     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-NOTE 2YR                                         | CUSIP: 00002TUH6<br>LEI: 549300EX04Q2QBFQTQ27 | Long             | DIR              | CORP              | US        |       112 | NC      | $-10965.57    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES EUROPE - FINANCIAL PRODUCTS DIVISION                                     | Three Month Euro (Euribor) Future - ICEU - Sep26      | CUSIP: 00002ERU6<br>LEI: 549300UF4R84F48NCH34 | Long             | DIR              | CORP              | GB        |        28 | NC      | $2467.92      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-NOTE 2YR                                         | CUSIP: 00002TUH6<br>LEI: 549300EX04Q2QBFQTQ27 | Long             | DIR              | CORP              | US        |        43 | NC      | $-5364.54     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| EUREX DEUTSCHLAND                                                                    | FGBL Mar 2026                                         | CUSIP: 00002RXH6<br>LEI: 529900UT4DG0LG5R9O07 | Short            | DIR              | CORP              | DE        |        -2 | NC      | $-305.55      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ASX - TRADE24                                                                        | ASX 3 Year Treasury Bond Futures                      | CUSIP: 00002YMH6<br>LEI: 549300SDXT36XYPVWI79 | Long             | DIR              | CORP              | AU        |        48 | NC      | $-804.15      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES EUROPE - FINANCIAL PRODUCTS DIVISION                                     | Three Month SONIA - ICEU - Dec25                      | CUSIP: 0002SFIZ5<br>LEI: 549300UF4R84F48NCH34 | Long             | DIR              | CORP              | GB        |         9 | NC      | $3302.47      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES EUROPE - FINANCIAL PRODUCTS DIVISION                                     | Three Month SONIA - ICEU - Dec25                      | CUSIP: 0002SFIZ5<br>LEI: 549300UF4R84F48NCH34 | Long             | DIR              | CORP              | GB        |        32 | NC      | $2055.62      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX DEUTSCHLAND                                                                    | FOAT Mar 2026                                         | CUSIP: 0002OATH6<br>LEI: 529900UT4DG0LG5R9O07 | Short            | DIR              | CORP              | DE        |       -52 | NC      | $33610.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-12

**Name of Applicant:** EMPOWER FUNDS, INC.

**Signature:** /s/Kelly New

**Name of Signer:** Kelly New

**Title:** Treasurer, Empower Funds, Inc.