# EDGAR Filing Document

**Accession Number:** 0001648403
**File Stem:** 0000940400-25-002998
**Filing Date:** 2025-9
**Character Count:** 108440
**Document Hash:** 95f3e58afeb164f725e174dbd8332b1b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-002998.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0000940400-25-002998

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Virtus ETF Trust II
- **CENTRAL INDEX KEY:** 0001648403

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23078
- **FILM NUMBER:** 251352877

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 AVENUE OF THE AMERICAS
- **STREET 2:** 14TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 212-593-4383

**MAIL ADDRESS:**
- **STREET 1:** 1301 AVENUE OF THE AMERICAS
- **STREET 2:** 14TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Virtus EFT Trust II
- **DATE OF NAME CHANGE:** 20150717

## Series and Classes Contracts Data

### Virtus Newfleet Short Duration Core Plus Bond ETF (Series ID: S000082804)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000246126 | Virtus Newfleet Short Duration Core Plus Bond ETF | SDCP            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Virtus ETF Trust II

- **b. Investment Company Act file number:** 811-23078

- **c. CIK number of Registrant:** 0001648403

- **d. LEI of Registrant:** 549300KNJ4HBWHIYD309

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

  - **Street Address 1:** 1540 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10036

  - **Telephone number:** 212-493-4383

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

- **a. Name of Series:** Virtus Newfleet Short Duration Core Plus Bond ETF

- **b. EDGAR series identifier (if any):** S000082804

- **c. LEI of Series:** 52990051FWCYNEBGU846

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

- **a. Date of fiscal year-end:** 2025-07-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $11781618.64

**Total Liabilities:** $134195.73

**Net Assets:** $11647422.91

**Cash Not Reported:** $238181.44

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -0.09589252 | **1-Year:** -6.70971677 | **5-Year:** -547.22828760 | **10-Year:** -410.78037890 | **30-Year:** -1092.65889600

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

- **3-Month:** 0.00000000 | **1-Year:** -2.80331045 | **5-Year:** -153.33300390 | **10-Year:** -100.89019310 | **30-Year:** -63.65802058

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000246126 | 0.37%                | 0.84%                | 0.20%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4285.33                 | $-26620.75                                 |
| Month 2  | $4420.34                 | $59305.78                                  |
| Month 3  | $9655.49                 | $-34663.51                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TSC SPV FUNDING, LLC            | TSC SPV Funding LLC                                                  | CUSIP: 898912AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     34825 | PA      | $34302.71     | 0.29%             | 2054-08-20      | Fixed         | 6.29%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Tr  | GLS Auto Select Receivables Trust 2023-2                             | CUSIP: 36269EAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $305933.58    | 2.63%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                | DT Midstream Inc                                                     | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     34000 | PA      | $32765.28     | 0.28%             | 2029-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC          | Cloud Software Group Inc                                             | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20711.82     | 0.18%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC               | Nexstar Media Inc                                                    | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34953.95     | 0.30%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC             | Oportun Issuance Trust 2025-A                                        | CUSIP: 68377TAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20000 | PA      | $19986.32     | 0.17%             | 2033-02-08      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Mortgage Capita  | MSSG Trust 2017-237P                                                 | CUSIP: 55375KAS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     32000 | PA      | $30262.08     | 0.26%             | 2039-09-13      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Secur  | Bridgecrest Lending Auto Securitization Trust 2025-1                 | CUSIP: 10806HAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $25069.37     | 0.22%             | 2029-12-17      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ALLSTATE CORP                   | Allstate Corp/The                                                    | CUSIP: 020002BB6<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15059.61     | 0.13%             | 2053-08-15      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| HEXCEL CORP                     | Hexcel Corp                                                          | CUSIP: 428291AN8<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | DBT              | CORP              | US        |     32000 | PA      | $31749.88     | 0.27%             | 2027-02-15      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| SMITH & NEPHEW PLC              | Smith & Nephew PLC                                                   | CUSIP: 83192PAA6<br>LEI: 213800ZTMDN8S67S1H61 | Long             | DBT              | CORP              | GB        |     30000 | PA      | $26285.05     | 0.23%             | 2030-10-14      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| BLUE OWL FINANCE LLC            | Blue Owl Finance LLC                                                 | CUSIP: 09581JAR7<br>LEI: 254900OF2NO2GYFV5T41 | Long             | DBT              | CORP              | US        |     35000 | PA      | $31267.79     | 0.27%             | 2031-06-10      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS        | Univision Communications Inc                                         | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15422.43     | 0.13%             | 2028-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Discover Card Execution Note T  | Discover Card Execution Note Trust                                   | CUSIP: 254683CZ6<br>LEI: 549300CKCX1QE4RUW216 | Long             | ABS-O            | CORP              | US        |    205000 | PA      | $206026.19    | 1.77%             | 2028-06-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC        | Vistra Operations Co LLC                                             | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     31000 | PA      | $30984.36     | 0.27%             | 2027-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                     | Freddie Mac Pool                                                     | CUSIP: 3132DWH30<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     31270 | PA      | $31766.20     | 0.27%             | 2053-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC             | Oportun Issuance Trust 2024-2                                        | CUSIP: 68377KAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $30078.14     | 0.26%             | 2032-02-09      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| COTY/HFC PRESTIGE/INT US        | Coty Inc/HFC Prestige Products Inc/HFC Prestige International US LLC | CUSIP: 222070AG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     32000 | PA      | $31422.12     | 0.27%             | 2029-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| D.R. HORTON INC                 | DR Horton Inc                                                        | CUSIP: 23331ABT5<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20124.16     | 0.17%             | 2030-10-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                | Deutsche Bank AG/New York NY                                         | CUSIP: 251526CX5<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |     25000 | PA      | $25215.32     | 0.22%             | 2030-09-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| US BANCORP                      | US Bancorp                                                           | CUSIP: 91159HJT8<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30485.76     | 0.26%             | 2031-02-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust       | Towd Point Mortgage Trust 2018-6                                     | CUSIP: 89176LAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     40457 | PA      | $40088.25     | 0.34%             | 2058-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING        | JH North America Holdings Inc                                        | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20080.98     | 0.17%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW CAN INFRA HOLD        | South Bow Canadian Infrastructure Holdings Ltd                       | CUSIP: 836720AF9<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |     20000 | PA      | $20673.51     | 0.18%             | 2055-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Hin Timeshare Trust             | HINNT 2024-A LLC                                                     | CUSIP: 40472QAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     33656 | PA      | $34115.24     | 0.29%             | 2043-03-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| MARS INC                        | Mars Inc                                                             | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20204.98     | 0.17%             | 2030-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Momnt Technologies Trust        | Momnt Technologies Trust 2023-1                                      | CUSIP: 608934AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4893 | PA      | $4893.18      | 0.04%             | 2045-03-20      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP            | OneMain Finance Corp                                                 | CUSIP: 85172FAQ2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35860.85     | 0.31%             | 2028-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| EquipmentShare                  | OWN Equipment Fund I LLC                                             | CUSIP: 69121NAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     26836 | PA      | $27107.00     | 0.23%             | 2032-12-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES          | PNC Financial Services Group Inc/The                                 | CUSIP: 693475CB9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25658.02     | 0.22%             | 2031-01-29      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust           | Arroyo Mortgage Trust 2019-1                                         | CUSIP: 042859AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     17204 | PA      | $16698.70     | 0.14%             | 2049-01-25      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential   | Starwood Mortgage Residential Trust 2021-3                           | CUSIP: 85573JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     36928 | PA      | $32248.61     | 0.28%             | 2056-06-25      | Variable      | 1.13%                 | No            |                  2 | On Loan: No      |
| MERITAGE HOMES CORP             | Meritage Homes Corp                                                  | CUSIP: 59001ABD3<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28984.37     | 0.25%             | 2029-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC         | Booz Allen Hamilton Inc                                              | CUSIP: 09951LAA1<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24253.91     | 0.21%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC             | Oportun Issuance Trust 2021-C                                        | CUSIP: 68377WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    135197 | PA      | $132078.78    | 1.13%             | 2031-10-08      | Fixed         | 2.18%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                | T-Mobile USA Inc                                                     | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     35000 | PA      | $33933.16     | 0.29%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable  | Westlake Automobile Receivables Trust 2025-2                         | CUSIP: 96041KAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $30069.92     | 0.26%             | 2031-01-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW USA INFRA HLDS        | South Bow USA Infrastructure Holdings LLC                            | CUSIP: 83007CAC6<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19989.52     | 0.17%             | 2029-10-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP           | Truist Financial Corp                                                | CUSIP: 89788MAQ5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |     30000 | PA      | $32389.65     | 0.28%             | 2029-10-30      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust   | Lendbuzz Securitization Trust 2025-1                                 | CUSIP: 525938AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100307.10    | 0.86%             | 2030-10-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| EPR PROPERTIES                  | EPR Properties                                                       | CUSIP: 26884UAE9<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20014.24     | 0.17%             | 2028-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                    | Broadcom Inc                                                         | CUSIP: 11135FCB5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24826.65     | 0.21%             | 2030-02-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                      | Affirm Asset Securitization Trust 2025-X1                            | CUSIP: 00834MAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     24665 | PA      | $24680.72     | 0.21%             | 2030-04-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                  | Gray Media Inc                                                       | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14934.38     | 0.13%             | 2033-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC              | Ally Financial Inc                                                   | CUSIP: 02005NBW9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15209.54     | 0.13%             | 2031-01-17      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP            | Bank of America Corp                                                 | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34043.36     | 0.29%             | 2027-07-22      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables   | Exeter Automobile Receivables Trust 2023-2                           | CUSIP: 30168CAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     36343 | PA      | $36351.17     | 0.31%             | 2027-09-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust    | Drive Auto Receivables Trust 2024-1                                  | CUSIP: 26208WAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $25253.62     | 0.22%             | 2031-11-17      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO             | American Express Co                                                  | CUSIP: 025816DY2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5107.81      | 0.04%             | 2031-01-30      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Tru  | Onemain Financial Issuance Trust 2025-1                              | CUSIP: 68270DAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $30154.70     | 0.26%             | 2038-07-14      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BX Trust 2019-OC11              | BX Trust 2019-OC11                                                   | CUSIP: 05606FAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    120000 | PA      | $112950.92    | 0.97%             | 2041-12-09      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC             | Reach ABS Trust 2025-2                                               | CUSIP: 75525QAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     40000 | PA      | $40055.79     | 0.34%             | 2032-08-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC           | Civitas Resources Inc                                                | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30887.28     | 0.27%             | 2028-07-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP              | Energy Transfer LP                                                   | CUSIP: 29273RBK4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19887.18     | 0.17%             | 2027-04-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP               | State Street Corp                                                    | CUSIP: 857477CH4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10334.96     | 0.09%             | N/A             | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| VONTIER CORP                    | Vontier Corp                                                         | CUSIP: 928881AD3<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |     24000 | PA      | $22595.88     | 0.19%             | 2028-04-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                 | United States Treasury Note/Bond                                     | CUSIP: 91282CJK8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     40000 | PA      | $40263.28     | 0.35%             | 2026-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust        | JP Morgan Mortgage Trust Series 2025-CES2                            | CUSIP: 46595TAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     31301 | PA      | $31375.00     | 0.27%             | 2055-06-25      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| Metlife Securitization Trust    | METLIFE SECURITIZATION TRUST 2019-1                                  | CUSIP: 59166EAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    179264 | PA      | $176305.99    | 1.51%             | 2058-04-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                   | Boeing Co/The                                                        | CUSIP: 097023DR3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10763.51     | 0.09%             | 2031-05-01      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| Residential Mortgage Loan Trus  | Residential Mortgage Loan Trust 2020-1                               | CUSIP: 76119CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4342 | PA      | $4300.90      | 0.04%             | 2060-01-26      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Tr  | GLS Auto Select Receivables Trust 2024-3                             | CUSIP: 37989EAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $30751.80     | 0.26%             | 2030-08-15      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP          | Aviation Capital Group LLC                                           | CUSIP: 05369AAQ4<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20358.11     | 0.17%             | 2029-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                     | Freddie Mac Pool                                                     | CUSIP: 3132DWGS6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    161462 | PA      | $163957.90    | 1.41%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP               | State Street Corp                                                    | CUSIP: 857477BX0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15039.11     | 0.13%             | 2026-11-04      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SONOCO PRODUCTS CO              | Sonoco Products Co                                                   | CUSIP: 835495AR3<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24888.89     | 0.21%             | 2029-09-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Diamond Resorts Owner Trust     | Diamond Resorts Owner Trust 2021-1                                   | CUSIP: 25273CAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15995 | PA      | $15958.01     | 0.14%             | 2033-11-21      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING              | RGA Global Funding                                                   | CUSIP: 76209PAE3<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |     21000 | PA      | $21607.41     | 0.19%             | 2029-05-24      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC            | Flutter Treasury DAC                                                 | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |     10000 | PA      | $10072.20     | 0.09%             | 2031-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC              | Royalty Pharma PLC                                                   | CUSIP: 78081BAQ6<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |     25000 | PA      | $25465.66     | 0.22%             | 2029-09-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP             | Buckeye Partners LP                                                  | CUSIP: 118230AW1<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10360.28     | 0.09%             | 2030-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC           | Foundry JV Holdco LLC                                                | CUSIP: 350930AB9<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15654.24     | 0.13%             | 2030-01-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| MSCI INC                        | MSCI Inc                                                             | CUSIP: 55354GAK6<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |     35000 | PA      | $32863.01     | 0.28%             | 2030-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                  | Consumer Portfolio Services Auto Trust 2025-A                        | CUSIP: 12633SAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $30258.16     | 0.26%             | 2031-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WRANGLER HOLDCO CORP            | Wrangler Holdco Corp                                                 | CUSIP: 37441QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $10339.78     | 0.09%             | 2032-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| KRONOS ACQUISITION HOLDI        | Kronos Acquisition Holdings Inc                                      | CUSIP: 50106GAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $21731.22     | 0.19%             | 2031-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP          | Bank of New York Mellon Corp/The                                     | CUSIP: 064058AH3<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30053.33     | 0.26%             | N/A             | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                      | Affirm Asset Securitization Trust 2023-B                             | CUSIP: 00792FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $150291.48    | 1.29%             | 2028-09-15      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN        | Hilton Domestic Operating Co Inc                                     | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15023.63     | 0.13%             | 2033-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| INEOS QUATTRO FINANCE 2         | INEOS Quattro Finance 2 Plc                                          | CUSIP: 45674GAB0<br>LEI: 213800V48W4Y5MT5Q131 | Long             | DBT              | CORP              | GB        |     15000 | PA      | $15292.05     | 0.13%             | 2029-03-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| BX Trust                        | BX Trust 2025-ROIC                                                   | CUSIP: 05593VAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     24903 | PA      | $24789.29     | 0.21%             | 2030-03-15      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan   | New Residential Mortgage Loan Trust 2016-4                           | CUSIP: 64829LAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     35943 | PA      | $34315.09     | 0.29%             | 2056-11-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                | COLT 2023-3 Mortgage Loan Trust                                      | CUSIP: 19688RAA7<br>LEI: 213800MIPEZY1A8W1N28 | Long             | ABS-MBS          | CORP              | US        |    195551 | PA      | $198057.87    | 1.70%             | 2068-09-25      | Variable      | 7.18%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE          | Blackstone Private Credit Fund                                       | CUSIP: 09261HBN6<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15304.87     | 0.13%             | 2029-07-16      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust  | Carvana Auto Receivables Trust 2020-P1                               | CUSIP: 14687AAR9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $24791.93     | 0.21%             | 2026-11-09      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| ACM Auto Trust                  | ACM Auto Trust 2025-2                                                | CUSIP: 00161TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     34597 | PA      | $34636.29     | 0.30%             | 2028-06-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust        | Angel Oak Mortgage Trust 2022-5                                      | CUSIP: 03464HAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     47075 | PA      | $46548.23     | 0.40%             | 2067-05-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC             | Reach ABS Trust 2023-1                                               | CUSIP: 75525AAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10696 | PA      | $10737.79     | 0.09%             | 2031-02-18      | Fixed         | 7.33%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Tru  | OneMain Financial Issuance Trust 2022-3                              | CUSIP: 68269PAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    107055 | PA      | $107846.44    | 0.93%             | 2034-05-15      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC         | Booz Allen Hamilton Inc                                              | CUSIP: 09951LAB9<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4841.14      | 0.04%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec  | American Credit Acceptance Receivables Trust 2025-1                  | CUSIP: 02528DAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $30157.09     | 0.26%             | 2031-08-12      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance T  | Regional Management Issuance Trust 2024-2                            | CUSIP: 75907AAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $30089.96     | 0.26%             | 2033-12-15      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER        | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer       | CUSIP: 01883LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $30429.75     | 0.26%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                     | Freddie Mac Pool                                                     | CUSIP: 31427NHD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    113487 | PA      | $115134.92    | 0.99%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP              | Regal Rexnord Corp                                                   | CUSIP: 758750AM5<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15458.25     | 0.13%             | 2028-04-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization T  | Tricolor Auto Securitization Trust 2024-3                            | CUSIP: 89617AAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     60000 | PA      | $60090.78     | 0.52%             | 2028-12-15      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| KEYCORP                         | KeyCorp                                                              | CUSIP: 49326EEQ2<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20221.54     | 0.17%             | 2031-04-04      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO             | American Express Co                                                  | CUSIP: 025816DX4<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |      3000 | PA      | $3021.65      | 0.03%             | 2028-07-26      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust       | Morgan Stanley Bank of America Merrill Lynch Trust 2015-C22          | CUSIP: 61690FAP8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     60000 | PA      | $58543.59     | 0.50%             | 2048-04-15      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC           | Nabors Industries Inc                                                | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35355.55     | 0.30%             | 2027-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Tharaldson Hotel Portfolio Tru  | THPT 2023-THL Mortgage Trust                                         | CUSIP: 87252LAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    176732 | PA      | $179524.96    | 1.54%             | 2034-12-10      | Variable      | 6.99%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T  | Ellington Financial Mortgage Trust 2020-2                            | CUSIP: 31573WAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    137670 | PA      | $128881.60    | 1.11%             | 2065-10-25      | Variable      | 1.18%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust  | Carvana Auto Receivables Trust 2021-P3                               | CUSIP: 14687JAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     60000 | PA      | $57791.26     | 0.50%             | 2027-08-10      | Fixed         | 1.42%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust   | Citigroup Mortgage Loan Trust 2025-INV1                              | CUSIP: 17332GAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     92946 | PA      | $93647.89     | 0.80%             | 2055-01-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables   | Exeter Automobile Receivables Trust                                  | CUSIP: 30166XAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     40000 | PA      | $40482.19     | 0.35%             | 2031-10-15      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                    | NiSource Inc                                                         | CUSIP: 65473PAR6<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10387.29     | 0.09%             | 2054-11-30      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable  | Westlake Automobile Receivables Trust 2024-2                         | CUSIP: 96042YAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $30241.88     | 0.26%             | 2030-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                     | Southern Co/The                                                      | CUSIP: 842587DJ3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39424.83     | 0.34%             | 2051-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan   | New Residential Mortgage Loan Trust 2021-NQM2R                       | CUSIP: 64831EAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     63915 | PA      | $60807.28     | 0.52%             | 2058-10-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| EQT CORP                        | EQT Corp                                                             | CUSIP: 26884LAY5<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5149.31      | 0.04%             | 2029-04-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Taco Bell Funding, LLC          | Taco Bell Funding LLC                                                | CUSIP: 87342RAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     42188 | PA      | $42150.39     | 0.36%             | 2046-05-25      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| FinBe USA Trust                 | FinBe USA Trust 2025-1                                               | CUSIP: 317967AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     28179 | PA      | $28199.39     | 0.24%             | 2028-12-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Auxilior Term Funding LLC       | Auxilior Term Funding 2023-1 LLC                                     | CUSIP: 05335JAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    120000 | PA      | $121996.16    | 1.05%             | 2030-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CCG Receivables Trust           | CCG Receivables Trust 2023-1                                         | CUSIP: 12512XAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     50467 | PA      | $50700.14     | 0.44%             | 2030-09-16      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC         | Imperial Brands Finance PLC                                          | CUSIP: 45262BAG8<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |     20000 | PA      | $20567.41     | 0.18%             | 2030-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD        | Avolon Holdings Funding Ltd                                          | CUSIP: 05401AAV3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |     25000 | PA      | $25763.13     | 0.22%             | 2029-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Foursight Capital Automobile R  | Foursight Capital Automobile Receivables Trust 2023-1                | CUSIP: 35105NAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     46666 | PA      | $46677.76     | 0.40%             | 2027-12-15      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| NATIONAL GRID PLC               | National Grid PLC                                                    | CUSIP: 636274AD4<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | DBT              | CORP              | GB        |     20000 | PA      | $20577.51     | 0.18%             | 2028-06-12      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust        | Angel Oak Mortgage Trust 2021-8                                      | CUSIP: 03465MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     54807 | PA      | $48599.41     | 0.42%             | 2066-11-25      | Variable      | 1.82%                 | No            |                  2 | On Loan: No      |
| Pawnee Equipment Receivables    | Pawneee Equipment Receivables Series 2022-1 LLC                      | CUSIP: 70410DAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     40000 | PA      | $40039.12     | 0.34%             | 2028-07-17      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                       | IQVIA Inc                                                            | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20534.10     | 0.18%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR        | Occidental Petroleum Corp                                            | CUSIP: 674599EJ0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20064.36     | 0.17%             | 2029-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC               | Herc Holdings Inc                                                    | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5170.80      | 0.04%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC        | Corebridge Financial Inc                                             | CUSIP: 21871XAP4<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30819.65     | 0.26%             | 2052-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                 | CVS Health Corp                                                      | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30940.20     | 0.27%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION        | Sabine Pass Liquefaction LLC                                         | CUSIP: 785592AX4<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19913.63     | 0.17%             | 2030-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC            | Kyndryl Holdings Inc                                                 | CUSIP: 50155QAK6<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23567.49     | 0.20%             | 2028-10-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRU  | SoFi Consumer Loan Program 2025-1 Trust                              | CUSIP: 83406YAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    104206 | PA      | $104348.37    | 0.90%             | 2034-02-27      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| United Auto Credit Securitizat  | United Auto Credit Securitization Trust 2023-1                       | CUSIP: 90945CAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     39145 | PA      | $39485.76     | 0.34%             | 2028-07-10      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust        | JP Morgan Mortgage Trust Series 2024-CES1                            | CUSIP: 46658CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     32365 | PA      | $32495.05     | 0.28%             | 2054-06-25      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                 | United States Treasury Note/Bond                                     | CUSIP: 91282CGQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    250000 | PA      | $250717.77    | 2.15%             | 2030-02-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NGPL PIPECO LLC                 | NGPL PipeCo LLC                                                      | CUSIP: 62912XAF1<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29786.70     | 0.26%             | 2027-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC        | OBX 2023-NQM5 Trust                                                  | CUSIP: 673919AL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    258623 | PA      | $260282.47    | 2.23%             | 2063-06-25      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management     | RCKT Mortgage Trust 2023-CES3                                        | CUSIP: 749407AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     61709 | PA      | $62610.00     | 0.54%             | 2043-11-25      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC              | Subway Funding LLC                                                   | CUSIP: 864300AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     29775 | PA      | $30377.79     | 0.26%             | 2054-07-30      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                    | Barclays PLC                                                         | CUSIP: 06738ECD5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |     20000 | PA      | $21155.00     | 0.18%             | 2028-11-02      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                 | AdaptHealth LLC                                                      | CUSIP: 00653VAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $14919.60     | 0.13%             | 2028-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                       | Block Inc                                                            | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20536.26     | 0.18%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S  | BBCMS Trust 2018-CBM                                                 | CUSIP: 05549RAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     39000 | PA      | $38100.27     | 0.33%             | 2037-07-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC               | Post Holdings Inc                                                    | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15026.19     | 0.13%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC         | Goldman Sachs Group Inc/The                                          | CUSIP: 38141GVX9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25457.86     | 0.22%             | 2027-10-28      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC           | Quikrete Holdings Inc                                                | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5131.25      | 0.04%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                      | Fannie Mae Pool                                                      | CUSIP: 3140XQXV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     52818 | PA      | $53742.15     | 0.46%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan   | New Residential Mortgage Loan Trust 2018-3                           | CUSIP: 64830KAA5<br>LEI: 549300U48YU2VDL8N523 | Long             | ABS-MBS          | CORP              | US        |     27245 | PA      | $26474.45     | 0.23%             | 2058-05-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| RCKT Trust                      | RCKT Trust 2025-PL1                                                  | CUSIP: 74939RAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     40000 | PA      | $39998.81     | 0.34%             | 2034-07-25      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                     | MetLife Inc                                                          | CUSIP: 59156RCA4<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14984.87     | 0.13%             | N/A             | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP        | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp   | CUSIP: 505742AM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     27000 | PA      | $26522.55     | 0.23%             | 2027-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization T  | Tricolor Auto Securitization Trust 2024-2                            | CUSIP: 89616PAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $30296.97     | 0.26%             | 2028-04-17      | Fixed         | 6.93%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC             | Reach Abs Trust 2024-1                                               | CUSIP: 75526PAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $30269.13     | 0.26%             | 2031-02-18      | Fixed         | 6.29%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU        | Sinclair Television Group Inc                                        | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10206.49     | 0.09%             | 2033-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| SCALELOGIX ABS US ISSUER, LLC   | Scalelogix Abs Us Issuer LLC                                         | CUSIP: 80587FAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $29772.23     | 0.26%             | 2055-07-25      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC FIN CO          | Global Atlantic Fin Co                                               | CUSIP: 37959GAG2<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10475.05     | 0.09%             | 2054-10-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC        | Builders FirstSource Inc                                             | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9237.34      | 0.08%             | 2032-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO             | JPMorgan Chase & Co                                                  | CUSIP: 46647PCB0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24464.86     | 0.21%             | 2027-04-22      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| Dext ABS                        | Dext ABS 2023-2 LLC                                                  | CUSIP: 25216CAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $30431.28     | 0.26%             | 2034-05-15      | Fixed         | 6.41%                 | No            |                  2 | On Loan: No      |
| HOMES Trust                     | HOMES 2023-NQM2 Trust                                                | CUSIP: 43761KAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    235121 | PA      | $235774.74    | 2.02%             | 2068-02-25      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust   | Lendbuzz Securitization Trust 2024-2                                 | CUSIP: 525920AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     18904 | PA      | $19050.63     | 0.16%             | 2029-05-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO             | JPMorgan Chase & Co                                                  | CUSIP: 46647PCY0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40390.58     | 0.35%             | 2028-02-24      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORP                | HF Sinclair Corp                                                     | CUSIP: 403949AR1<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15360.39     | 0.13%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust      | Verus Securitization Trust 2021-R1                                   | CUSIP: 92538BAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     41912 | PA      | $40465.55     | 0.35%             | 2063-10-25      | Variable      | 0.82%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC           | Directv Financing LLC / Directv Financing Co-Obligor Inc             | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     33000 | PA      | $32839.24     | 0.28%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management     | RCKT Mortgage Trust 2024-CES1                                        | CUSIP: 749424AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    162769 | PA      | $163477.33    | 1.40%             | 2044-02-25      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust    | Hilton Grand Vacations Trust 2024-2                                  | CUSIP: 43283JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     16226 | PA      | $16462.03     | 0.14%             | 2038-03-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MMP Capital                     | MMP Capital 2025-A LLC                                               | CUSIP: 55317QAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     35000 | PA      | $35372.61     | 0.30%             | 2031-12-15      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| United Auto Credit Securitizat  | United Auto Credit Securitization Trust 2024-1                       | CUSIP: 90945DAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $30131.78     | 0.26%             | 2029-10-10      | Fixed         | 7.06%                 | No            |                  2 | On Loan: No      |
| SODEXO INC                      | Sodexo Inc                                                           | CUSIP: 833794AC4<br>LEI: 549300WSZGQGJQXRFU84 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25339.80     | 0.22%             | 2030-08-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding  | Avis Budget Rental Car Funding AESOP LLC                             | CUSIP: 05377RDY7<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99062.20     | 0.85%             | 2027-02-20      | Fixed         | 2.02%                 | No            |                  2 | On Loan: No      |
| LSB INDUSTRIES                  | LSB Industries Inc                                                   | CUSIP: 502160AN4<br>LEI: 5493001H215A0HG0MI71 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14759.72     | 0.13%             | 2028-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER         | American Electric Power Co Inc                                       | CUSIP: 02557TAD1<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25004.19     | 0.21%             | 2025-08-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS        | CHS/Community Health Systems Inc                                     | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     30000 | PA      | $26271.90     | 0.23%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES           | Huntington Bancshares Inc/OH                                         | CUSIP: 446150BC7<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26161.02     | 0.22%             | 2029-08-21      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL          | NextEra Energy Capital Holdings Inc                                  | CUSIP: 65339KDE7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20569.41     | 0.18%             | 2055-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| HA SUSTAINABLE INF CAP          | HA Sustainable Infrastructure Capital Inc                            | CUSIP: 40408AAA9<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10098.83     | 0.09%             | 2031-01-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| ALASKA AIRLINES 2020 TR         | Alaska Airlines 2020-1 Class A Pass Through Trust                    | CUSIP: 01166VAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25890 | PA      | $25907.15     | 0.22%             | 2027-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust   | NYC Commercial Mortgage Trust 2025-300P                              | CUSIP: 67121TAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     40000 | PA      | $39779.72     | 0.34%             | 2042-07-13      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| F&G ANNUITIES & LIFE INC        | F&G Annuities & Life Inc                                             | CUSIP: 30190AAF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $25766.71     | 0.22%             | 2029-06-04      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                   | Citigroup Inc                                                        | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29722.31     | 0.26%             | N/A             | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Secur  | Bridgecrest Lending Auto Securitization Trust 2025-2                 | CUSIP: 10807HAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $30386.73     | 0.26%             | 2031-03-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP              | Regal Rexnord Corp                                                   | CUSIP: 758750AL7<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15052.78     | 0.13%             | 2026-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                       | IQVIA Inc                                                            | CUSIP: 46266TAF5<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20914.14     | 0.18%             | 2029-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRACTOR SUPPLY CO               | Tractor Supply Co                                                    | CUSIP: 892356AA4<br>LEI: 549300OJ9VZHZRO6I137 | Long             | DBT              | CORP              | US        |     25000 | PA      | $21633.55     | 0.19%             | 2030-11-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ELARA HGV TIMESHARE ISSUER      | Elara HGV Timeshare Issuer 2023-A LLC                                | CUSIP: 28415AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    117526 | PA      | $120689.58    | 1.04%             | 2038-02-25      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL             | Synchrony Financial                                                  | CUSIP: 87165BAL7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19800.72     | 0.17%             | 2026-08-04      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                      | Fannie Mae Pool                                                      | CUSIP: 3140W0XP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     55449 | PA      | $56283.96     | 0.48%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust          | Marlette Funding Trust 2024-1                                        | CUSIP: 57108VAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $25162.66     | 0.22%             | 2034-07-17      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| SMURFIT KAPPA TREASURY          | Smurfit Kappa Treasury ULC                                           | CUSIP: 83272GAD3<br>LEI: 635400B3DOXSWFOWJT40 | Long             | DBT              | CORP              | IE        |     25000 | PA      | $25628.25     | 0.22%             | 2030-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust      | Verus Securitization Trust 2022-6                                    | CUSIP: 92539AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    104518 | PA      | $104279.37    | 0.90%             | 2067-06-25      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC          | BP Capital Markets PLC                                               | CUSIP: 05565QDV7<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |     45000 | PA      | $44407.43     | 0.38%             | N/A             | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT          | HAT Holdings I LLC / HAT Holdings II LLC                             | CUSIP: 418751AL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6000 | PA      | $6221.78      | 0.05%             | 2027-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                     | Freddie Mac Pool                                                     | CUSIP: 3132D6FJ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    133535 | PA      | $137299.16    | 1.18%             | 2038-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                 | United States Treasury Note/Bond                                     | CUSIP: 91282CLG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    220000 | PA      | $219209.38    | 1.88%             | 2027-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust    | CSMC 2020-RPL4 Trust                                                 | CUSIP: 126405AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    138347 | PA      | $124275.46    | 1.07%             | 2060-01-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| HIN Timeshare Trust 2020-A      | HIN Timeshare Trust 2020-A                                           | CUSIP: 40439HAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     68285 | PA      | $66425.75     | 0.57%             | 2039-10-09      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                  | Morgan Stanley                                                       | CUSIP: 61744YAK4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58984.67     | 0.51%             | 2028-07-22      | Variable      | 3.59%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC        | OBX 2018-1 Trust                                                     | CUSIP: 67112FAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     17313 | PA      | $16955.49     | 0.15%             | 2057-06-25      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY           | Wells Fargo & Co                                                     | CUSIP: 95000U2V4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19686.31     | 0.17%             | 2028-03-24      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC        | Prime Security Services Borrower LLC / Prime Finance Inc             | CUSIP: 74166MAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     32000 | PA      | $32030.19     | 0.27%             | 2028-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ALGONQUIN PWR & UTILITY         | Algonquin Power & Utilities Corp                                     | CUSIP: 015857AF2<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $10054.54     | 0.09%             | 2026-06-15      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS        | Ferrellgas LP / Ferrellgas Finance Corp                              | CUSIP: 315289AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     32000 | PA      | $31793.03     | 0.27%             | 2026-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NMEF Funding LLC                | NMEF Funding 2024-A LLC                                              | CUSIP: 62919UAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     40090 | PA      | $40214.41     | 0.35%             | 2031-12-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA        | AerCap Ireland Capital DAC / AerCap Global Aviation Trust            | CUSIP: 00774MBQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |     25000 | PA      | $25367.85     | 0.22%             | 2056-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust     | SBNA Auto Receivables Trust 2024-A                                   | CUSIP: 78437PAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     18000 | PA      | $18222.52     | 0.16%             | 2030-01-15      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC             | Ashtead Capital Inc                                                  | CUSIP: 045054AL7<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24428.08     | 0.21%             | 2029-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust  | Carvana Auto Receivables Trust 2023-N4                               | CUSIP: 14688LAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $204458.49    | 1.76%             | 2030-02-11      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO             | American Express Co                                                  | CUSIP: 025816DS5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10029.53     | 0.09%             | 2027-04-23      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD        | Aptiv Swiss Holdings Ltd                                             | CUSIP: 03837AAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |     20000 | PA      | $20181.84     | 0.17%             | 2054-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC               | Post Holdings Inc                                                    | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     14000 | PA      | $14278.99     | 0.12%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Purchasing Power Funding        | Purchasing Power Funding 2024-A LLC                                  | CUSIP: 745935AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $30205.60     | 0.26%             | 2028-08-15      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank    | Huntington Bank Auto Credit-Linked Notes Series 2024-1               | CUSIP: 44644NAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     11217 | PA      | $11362.94     | 0.10%             | 2032-05-20      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC             | Silgan Holdings Inc                                                  | CUSIP: 827048AX7<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34229.30     | 0.29%             | 2026-04-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP          | CCO Holdings LLC / CCO Holdings Capital Corp                         | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     32000 | PA      | $31422.28     | 0.27%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust        | JP Morgan Mortgage Trust Series 2025-CES1                            | CUSIP: 46658XAC9<br>LEI: 5299003TKRYXBBT76K08 | Long             | ABS-MBS          | CORP              | US        |     86868 | PA      | $87149.57     | 0.75%             | 2055-05-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| AXIS Equipment Finance Receiva  | Amur Equipment Finance Receivables XV LLC                            | CUSIP: 03237FAE5<br>LEI: 254900UXD59DZRJ7U848 | Long             | ABS-O            | CORP              | US        |     35000 | PA      | $35335.79     | 0.30%             | 2032-08-20      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| DENTSPLY SIRONA INC             | DENTSPLY SIRONA Inc                                                  | CUSIP: 24906PAA7<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |     35000 | PA      | $31816.71     | 0.27%             | 2030-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                | Berry Global Inc                                                     | CUSIP: 08576BAB8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31473.10     | 0.27%             | 2031-06-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S  | BBCMS 2018-TALL Mortgage Trust                                       | CUSIP: 05548WAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    110000 | PA      | $104702.63    | 0.90%             | 2037-03-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC               | Newell Brands Inc                                                    | CUSIP: 651229BC9<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     31000 | PA      | $31339.45     | 0.27%             | 2027-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust             | DT Auto Owner Trust 2023-3                                           | CUSIP: 23345WAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    155000 | PA      | $157102.23    | 1.35%             | 2029-05-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                   | Citigroup Inc                                                        | CUSIP: 172967NH0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35325.47     | 0.30%             | 2028-02-24      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables   | Exeter Automobile Receivables Trust 2024-5                           | CUSIP: 30165BAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $29928.35     | 0.26%             | 2029-04-16      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                   | Boeing Co/The                                                        | CUSIP: 097023DP7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10259.61     | 0.09%             | 2027-05-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER/MEDL CO        | Medline Borrower LP/Medline Co-Issuer Inc                            | CUSIP: 58506DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $20417.86     | 0.18%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                   | TransDigm Inc                                                        | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30648.36     | 0.26%             | 2028-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY           | Wells Fargo & Co                                                     | CUSIP: 95000U3G6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15787.74     | 0.14%             | 2029-10-23      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust      | LAD Auto Receivables Trust 2025-1                                    | CUSIP: 505712AG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $30487.68     | 0.26%             | 2032-05-17      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| American Heritage Auto Receiva  | American Heritage Auto Receivables Trust 2024-1                      | CUSIP: 026944AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $30089.87     | 0.26%             | 2029-09-17      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                    | Enbridge Inc                                                         | CUSIP: 29250NBN4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     20000 | PA      | $20646.54     | 0.18%             | 2083-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| U.S. Bank National Association  | US Bank NA                                                           | CUSIP: 90357PAV6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      8931 | PA      | $9012.56      | 0.08%             | 2032-08-25      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                  | Rocket Cos Inc                                                       | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $5072.89      | 0.04%             | 2030-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV            | Enel Finance International NV                                        | CUSIP: 29278GBD9<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |     20000 | PA      | $20318.90     | 0.17%             | 2029-06-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| UBS AG LONDON                   | UBS AG/London                                                        | CUSIP: 902674ZW3<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |     25000 | PA      | $25960.94     | 0.22%             | 2028-09-11      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                 | United States Treasury Note/Bond                                     | CUSIP: 91282CLC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    220000 | PA      | $220674.61    | 1.89%             | 2029-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                     | Oracle Corp                                                          | CUSIP: 68389XCJ2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26919.10     | 0.23%             | 2032-11-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ENTERGY CORP                    | Entergy Corp                                                         | CUSIP: 29364GAQ6<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20755.56     | 0.18%             | 2054-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust      | Flagship Credit Auto Trust 2024-3                                    | CUSIP: 33843YAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $30232.59     | 0.26%             | 2029-07-16      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN           | Genesis Energy LP / Genesis Energy Finance Corp                      | CUSIP: 37185LAN2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $10594.41     | 0.09%             | 2030-04-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| WEEKLEY HOMES LLC/ FINAN        | Weekley Homes LLC / Weekley Finance Corp                             | CUSIP: 948565AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     33000 | PA      | $31784.19     | 0.27%             | 2028-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                  | CPS Auto Receivables Trust 2024-A                                    | CUSIP: 22411CAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $25173.30     | 0.22%             | 2030-04-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| LENDBUZZ AUTO RECEIVABLES TRUST | LENDBUZZ AUTO RECEIVABLES TRUST                                      | CUSIP: 52611DAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     90259 | PA      | $90158.69     | 0.77%             | 2030-06-17      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUS        | Huntington Ingalls Industries Inc                                    | CUSIP: 446413AZ9<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18558.51     | 0.16%             | 2028-08-16      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP             | Charles Schwab Corp/The                                              | CUSIP: 808513BJ3<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18299.19     | 0.16%             | N/A             | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL HEALTH SVCS           | Universal Health Services Inc                                        | CUSIP: 913903AZ3<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28962.83     | 0.25%             | 2026-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issu  | GreenSky Home Improvement Issuer Trust 2024-2                        | CUSIP: 39571XAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     73816 | PA      | $73930.46     | 0.63%             | 2059-10-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trus  | Prestige Auto Receivables Trust 2023-2                               | CUSIP: 74113VAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     54960 | PA      | $55247.67     | 0.47%             | 2027-12-15      | Fixed         | 6.64%                 | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC               | INEOS Finance PLC                                                    | CUSIP: 44984WAH0<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |     32000 | PA      | $31543.88     | 0.27%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust        | Octane Receivables Trust 2024-1                                      | CUSIP: 67571FAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $25264.88     | 0.22%             | 2030-05-20      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP             | Fifth Third Bancorp                                                  | CUSIP: 316773DE7<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24823.51     | 0.21%             | 2028-04-25      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                     | PRKCM 2022-AFC1 Trust                                                | CUSIP: 69377CAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     68722 | PA      | $67665.01     | 0.58%             | 2057-04-25      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| HCA INC                         | HCA Inc                                                              | CUSIP: 404119CT4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30844.66     | 0.26%             | 2031-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust      | LAD Auto Receivables Trust 2024-3                                    | CUSIP: 505709AF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     35000 | PA      | $35200.34     | 0.30%             | 2030-03-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| COSTAR GROUP INC                | CoStar Group Inc                                                     | CUSIP: 22160NAA7<br>LEI: 984500Q1D53D08E2E698 | Long             | DBT              | CORP              | US        |     35000 | PA      | $31587.69     | 0.27%             | 2030-07-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                 | United States Treasury Note/Bond                                     | CUSIP: 91282CKY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    155000 | PA      | $155565.98    | 1.34%             | 2026-06-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PEAC Solutions Receivables LLC  | PEAC Solutions Receivables 2024-1 LLC                                | CUSIP: 69433BAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $30633.95     | 0.26%             | 2030-11-20      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC             | United Airlines Inc                                                  | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |     32000 | PA      | $31830.02     | 0.27%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PUGET ENERGY INC                | Puget Energy Inc                                                     | CUSIP: 745310AM4<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23529.50     | 0.20%             | 2028-06-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE                      | FANNIE MAE POOL                                                      | CUSIP: 3140W14N0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    136339 | PA      | $138567.27    | 1.19%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                        | BX Trust 2022-CLS                                                    | CUSIP: 05609XAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    110000 | PA      | $110852.17    | 0.95%             | 2027-10-13      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP        | Citizens Financial Group Inc                                         | CUSIP: 174610BF1<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19623.85     | 0.17%             | 2030-01-23      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| EQT CORP                        | EQT Corp                                                             | CUSIP: 26884LBG3<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30541.26     | 0.26%             | 2027-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON             | Southern California Edison Co                                        | CUSIP: 842400JE4<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15283.13     | 0.13%             | 2031-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                | Societe Generale SA                                                  | CUSIP: 83368RBW1<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |     20000 | PA      | $20477.44     | 0.18%             | 2030-01-19      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC        | Ford Motor Credit Co LLC                                             | CUSIP: 345397C43<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30238.74     | 0.26%             | 2026-03-06      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-29

**Name of Applicant:** Virtus ETF Trust II

**Signature:** Brinton W. Frith

**Name of Signer:** Brinton W. Frith

**Title:** Treasurer and Principal Financial Officer