# EDGAR Filing Document

**Accession Number:** 0001601445
**File Stem:** 0000913181-25-000380
**Filing Date:** 2025-12
**Character Count:** 69585
**Document Hash:** 8571bf6948904c322e828a2600d4ba5a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000913181-25-000380.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0000913181-25-000380

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251201

**DATE AS OF CHANGE**: 20251201

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Guggenheim Strategy Funds Trust
- **CENTRAL INDEX KEY:** 0001601445

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22946
- **FILM NUMBER:** 251538250

**BUSINESS ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850
- **BUSINESS PHONE:** 301-296-5100

**MAIL ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850

## Series and Classes Contracts Data

### Guggenheim Strategy Fund III (Series ID: S000045497)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000141591 | Guggenheim Strategy Fund III |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Guggenheim Strategy Funds Trust

- **b. Investment Company Act file number:** 811-22946

- **c. CIK number of Registrant:** 0001601445

- **d. LEI of Registrant:** 5493007THUTJ3GMETL84

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

  - **Street Address 1:** 702 King Farm Blvd., Suite 200

  - **City:** Rockville

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20850

  - **Telephone number:** 301-296-5100

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

- **a. Name of Series:** Guggenheim Strategy Fund III

- **b. EDGAR series identifier (if any):** S000045497

- **c. LEI of Series:** 549300QC2B06ET4AEJ54

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $128685311.26

**Total Liabilities:** $1023834.60

**Net Assets:** $127661476.66

**Cash Not Reported:** $258463.75

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 2470.40458120 | **1-Year:** 10515.90188120 | **5-Year:** 4963.49366650 | **10-Year:** 2883.56624300 | **30-Year:** 429.80921630

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

- **3-Month:** 169.64256470 | **1-Year:** 626.50821190 | **5-Year:** 872.54558680 | **10-Year:** 204.15726610 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000141591 | 0.33%                | 0.51%                | 0.46%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $24623.26                | $-496369.90                                |
| Month 2  | $10112.25                | $353777.44                                 |
| Month 3  | $-15464.12               | $-14583.20                                 |

**Designated Index Information**

- **Index Name:** Portfolio (ExDerivative)

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BRAVO Residential Funding Trus         | BRAVO Residential Funding Trust 2025-NQM7                                                            | CUSIP: 10570TAP0<br>LEI: 254900I1LYOO3G3UAT10 | Long             | ABS-MBS          | CORP              | US        |    146305 | PA      | $147446.44    | 0.12%             | 2065-07-25      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                  | Athene Global Funding                                                                                | CUSIP: 04685A3S8<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   2050000 | PA      | $2059285.93   | 1.61%             | 2026-02-23      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T         | Alternative Loan Trust                                                                               | CUSIP: 126680AB3<br>LEI: 549300QTQ6MX6ER06N64 | Long             | ABS-MBS          | CORP              | US        |    467113 | PA      | $430601.18    | 0.34%             | 2047-05-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                              | Block, Inc.                                                                                          | CUSIP: 852234AN3<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98686.25     | 0.08%             | 2026-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust           | CSMC Trust                                                                                           | CUSIP: 126401AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    314428 | PA      | $300609.51    | 0.24%             | 2065-05-25      | Variable      | 2.21%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL HEALTH SVCS                  | Universal Health Services, Inc.                                                                      | CUSIP: 913903AZ3<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1903885.48   | 1.49%             | 2026-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust          | Citigroup Mortgage Loan Trust, Inc.                                                                  | CUSIP: 17330VAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2659907 | PA      | $2667160.90   | 2.09%             | 2062-09-25      | Variable      | 9.17%                 | No            |                  2 | On Loan: No      |
| New Economy Assets Phase 1 Iss         | New Economy Assets Phase 1 Sponsor LLC                                                               | CUSIP: 643821AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $834146.80    | 0.65%             | 2061-10-20      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| Aligned Data Centers Issuer LL         | Aligned Data Centers Issuer LLC                                                                      | CUSIP: 01627AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1300000 | PA      | $1268900.23   | 0.99%             | 2046-08-15      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Secu         | JPMDB Commercial Mortgage Securities Trust                                                           | CUSIP: 46591ABC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  22095685 | PA      | $269958.45    | 0.21%             | 2051-06-15      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                       | Societe Generale S.A.                                                                                | CUSIP: 83368RBV3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    800000 | PA      | $810704.27    | 0.64%             | 2028-01-19      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                             | Fannie Mae                                                                                           | CUSIP: 3136BQRA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    736068 | PA      | $750654.73    | 0.59%             | 2049-04-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT               | Element Fleet Management Corp.                                                                       | CUSIP: 286181AH5<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |   1650000 | PA      | $1671350.16   | 1.31%             | 2026-06-26      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| Dominos Pizza Master Issuer LL         | Domino's Pizza Master Issuer LLC                                                                     | CUSIP: 25755TAK6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1184375 | PA      | $1181262.94   | 0.93%             | 2048-07-25      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| BRIGHTHSE FIN GLBL FUND                | Brighthouse Financial Global Funding                                                                 | CUSIP: 10921U2J6<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2796140.99   | 2.19%             | 2027-04-09      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| GCAT                                   | GCAT Trust                                                                                           | CUSIP: 36831CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1060421 | PA      | $1072857.02   | 0.84%             | 2059-06-25      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC               | OBX Trust                                                                                            | CUSIP: 67119CAA8<br>LEI: 254900Y1YRD8JNADSC78 | Long             | ABS-MBS          | CORP              | US        |   1198384 | PA      | $1215046.54   | 0.95%             | 2064-05-25      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                | GA Global Funding Trust                                                                              | CUSIP: 36143L2A2<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    450000 | PA      | $446368.47    | 0.35%             | 2026-01-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Greystone Commercial Real Esta         | Greystone Commercial Real Estate Notes                                                               | CUSIP: 39809PAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $997216.20    | 0.78%             | 2039-07-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| CNO GLOBAL FUNDING                     | CNO Global Funding                                                                                   | CUSIP: 18977W2D1<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |   1140000 | PA      | $1169555.38   | 0.92%             | 2027-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ELANCO ANIMAL HEALTH INC               | Elanco Animal Health, Inc.                                                                           | CUSIP: N/A<br>LEI: 549300SHPNDCE059M934       | Long             | LON              | CORP              | US        |    399528 | PA      | $398997.05    | 0.31%             | 2027-08-01      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                      | Brown & Brown, Inc.                                                                                  | CUSIP: 115236AH4<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    175000 | PA      | $175916.05    | 0.14%             | 2026-12-23      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MUTUAL OF OMAHA GLOBAL                 | Mutual of Omaha Companies Global Funding                                                             | CUSIP: 62829D2D1<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1779624.75   | 1.39%             | 2027-04-09      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| HOMES Trust                            | HOMES Trust                                                                                          | CUSIP: 437920AC5<br>LEI: 254900GDF2MBHUV58Z95 | Long             | ABS-MBS          | CORP              | US        |    425735 | PA      | $428916.58    | 0.34%             | 2059-10-25      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust             | Verus Securitization Trust                                                                           | CUSIP: 92539LAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    141871 | PA      | $124717.46    | 0.10%             | 2066-06-25      | Variable      | 1.44%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                | CF Hippolyta Issuer LLC                                                                              | CUSIP: 12530MAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    706836 | PA      | $546044.12    | 0.43%             | 2061-03-15      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust              | Towd Point Mortgage Trust                                                                            | CUSIP: 89175JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    182238 | PA      | $179395.68    | 0.14%             | 2057-10-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Soundview Home Equity Loan Tru         | Soundview Home Loan Trust                                                                            | CUSIP: 83612CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    507812 | PA      | $495277.34    | 0.39%             | 2036-07-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust               | JP Morgan Mortgage Trust                                                                             | CUSIP: 46592WAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1152488 | PA      | $1077619.44   | 0.84%             | 2052-02-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Li         | Textainer Marine Containers VII Ltd.                                                                 | CUSIP: 88315LAL2<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | BM        |    443333 | PA      | $413043.74    | 0.32%             | 2046-02-20      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| FACTSET RESEARCH SYSTEMS               | FactSet Research Systems, Inc.                                                                       | CUSIP: 303075AA3<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1423469.19   | 1.12%             | 2027-03-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                             | Fannie Mae                                                                                           | CUSIP: 3136BWY91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    387307 | PA      | $387739.04    | 0.30%             | 2052-05-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Li         | Textainer Marine Containers VII Ltd.                                                                 | CUSIP: 88315LAE8<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | US        |    240327 | PA      | $231197.69    | 0.18%             | 2045-08-21      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust               | Angel Oak Mortgage Trust                                                                             | CUSIP: 03465JAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    992054 | PA      | $845519.23    | 0.66%             | 2066-09-25      | Variable      | 1.71%                 | No            |                  2 | On Loan: No      |
| Dreyfus Treasury Obligations C         | Dreyfus Treasury Obligations Cash Management Fund - Institutional Shares                             | CUSIP: N/A<br>LEI: 549300MKKM9KT7BF6329       | Long             | STIV             | RF                | US        |   1320532 | NS      | $1320532.18   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Structured Asset Securities Co         | Structured Asset Securities Corporation Mortgage Loan Trust                                          | CUSIP: 86365DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    822990 | PA      | $800489.13    | 0.63%             | 2037-11-25      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                    | United Airlines, Inc.                                                                                | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    900000 | PA      | $898617.70    | 0.70%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Asset Backed Secu         | Bear Stearns Asset-Backed Securities I Trust                                                         | CUSIP: 07389MAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    320249 | PA      | $317978.26    | 0.25%             | 2036-11-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| GCAT                                   | GCAT Trust                                                                                           | CUSIP: 36168MAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1432109 | PA      | $1366583.72   | 1.07%             | 2067-04-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                   | FirstKey Homes Trust                                                                                 | CUSIP: 33767JAJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3550000 | PA      | $3534073.99   | 2.77%             | 2037-10-19      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL               | Penske Truck Leasing Company Lp / PTL Finance Corp.                                                  | CUSIP: 709599BY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1669979.49   | 1.31%             | 2027-01-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Legacy Mortgage Asset Trust            | Legacy Mortgage Asset Trust                                                                          | CUSIP: 52476DAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    330098 | PA      | $329840.78    | 0.26%             | 2061-04-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| WEIR GROUP PLC (THE)                   | Weir Group plc                                                                                       | CUSIP: 94876QAA4<br>LEI: 549300KDR56WHY9I3D10 | Long             | DBT              | CORP              | GB        |   1091000 | PA      | $1073598.95   | 0.84%             | 2026-05-13      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                           | Barclays plc                                                                                         | CUSIP: 06738ECP8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1650000 | PA      | $1682089.94   | 1.32%             | 2028-03-12      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| AIR CANADA                             | Air Canada                                                                                           | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |    330000 | PA      | $327005.05    | 0.26%             | 2026-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Owl Rock CLO Ltd                       | Owl Rock CLO IV Ltd.                                                                                 | CUSIP: 691200AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1500000 | PA      | $1506892.95   | 1.18%             | 2033-08-20      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC               | OBX Trust                                                                                            | CUSIP: 67448NAA6<br>LEI: 254900RDM4XSF0B1E373 | Long             | ABS-MBS          | CORP              | US        |   2219180 | PA      | $2241167.97   | 1.76%             | 2064-01-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor         | JP Morgan Chase Commercial Mortgage Securities Trust                                                 | CUSIP: 46654EAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    850000 | PA      | $765838.78    | 0.60%             | 2038-06-15      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| ICON INVESTMENTS SIX DAC               | Icon Investments Six DAC                                                                             | CUSIP: 45115AAA2<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |   1800000 | PA      | $1836479.48   | 1.44%             | 2027-05-08      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust               | Angel Oak Mortgage Trust                                                                             | CUSIP: 03465WAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    610742 | PA      | $607417.40    | 0.48%             | 2067-09-26      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| JABIL INC                              | Jabil, Inc.                                                                                          | CUSIP: 466313AL7<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197317.26    | 0.15%             | 2026-04-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| HarborView Mortgage Loan Trust         | HarborView Mortgage Loan Trust                                                                       | CUSIP: 41162NAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    840659 | PA      | $787213.82    | 0.62%             | 2047-01-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC               | OBX Trust                                                                                            | CUSIP: 670843AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1025725 | PA      | $1027236.33   | 0.80%             | 2062-01-25      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| GCAT                                   | GCAT 2025-NQM4 Trust                                                                                 | CUSIP: 367923AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    294670 | PA      | $297220.39    | 0.23%             | 2070-06-25      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust              | Towd Point Mortgage Trust                                                                            | CUSIP: 89175VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    163988 | PA      | $162196.23    | 0.13%             | 2058-03-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan          | New Residential Mortgage Loan Trust                                                                  | CUSIP: 64828NAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    170517 | PA      | $169691.96    | 0.13%             | 2057-06-25      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| CELESTIAL-SATURN PARENT INC            | CoreLogic, Inc.                                                                                      | CUSIP: N/A<br>LEI: 54930086CD8K2UIL0516       | Long             | LON              | CORP              | US        |    673684 | PA      | $673050.95    | 0.53%             | 2028-06-02      | Variable      | 7.78%                 | No            |                  2 | On Loan: No      |
| TRITON CONTAINER                       | Triton Container International Ltd.                                                                  | CUSIP: 89680YAA3<br>LEI: 549300O4LZFLCX53XZ54 | Long             | DBT              | CORP              | BM        |    700000 | PA      | $691192.59    | 0.54%             | 2026-04-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| PMT Loan Trust                         | PMT Loan Trust 2025-INV8                                                                             | CUSIP: 73015EAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    343315 | PA      | $345915.52    | 0.27%             | 2056-07-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                               | BX Commercial Mortgage Trust                                                                         | CUSIP: 05610HAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    735000 | PA      | $734081.25    | 0.58%             | 2039-02-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| LG ELECTRONICS INC                     | LG Electronics, Inc.                                                                                 | CUSIP: 50186QAC7<br>LEI: 988400RMQFTGZIOG0609 | Long             | DBT              | CORP              | KR        |    900000 | PA      | $916562.19    | 0.72%             | 2027-04-24      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust               | Angel Oak Mortgage Trust                                                                             | CUSIP: 03464BAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    469463 | PA      | $420650.85    | 0.33%             | 2066-12-25      | Variable      | 3.29%                 | No            |                  2 | On Loan: No      |
| Newstar Fairfield Fund CLO LTD         | NewStar Fairfield Fund CLO Ltd.                                                                      | CUSIP: 65252BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     25302 | PA      | $25353.41     | 0.02%             | 2030-04-20      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| STAR 2025-SFR6 Trust                   | STAR 2025-SFR6 Trust                                                                                 | CUSIP: 85520EAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $751563.90    | 0.59%             | 2042-08-17      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                            | BNP Paribas                                                                                          | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | RA               | CORP              | US        |    271511 | PA      | $271511.00    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                  | U.S. Secured Overnight Financing Rate                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |   -980000 | OU      | $24181.31     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                      | Imperial Fund Mortgage Trust                                                                         | CUSIP: 45276PAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1286464 | PA      | $1214704.56   | 0.95%             | 2067-03-25      | Variable      | 4.02%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan          | New Residential Mortgage Loan Trust                                                                  | CUSIP: 64828CAG4<br>LEI: 549300U1MV4J7YQZG974 | Long             | ABS-MBS          | CORP              | US        |    522480 | PA      | $498933.98    | 0.39%             | 2058-02-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| CITADEL SECURITIES GLOBAL HOLDINGS LLC | Citadel Securities, LP                                                                               | CUSIP: N/A<br>LEI: 549300NV5RXBUS3X7L47       | Long             | LON              | CORP              | US        |    325069 | PA      | $325598.42    | 0.26%             | 2031-10-31      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC               | OBX Trust                                                                                            | CUSIP: 67448LAB8<br>LEI: 254900UI1468MQ7I8472 | Long             | ABS-MBS          | CORP              | US        |    457608 | PA      | $461534.47    | 0.36%             | 2063-11-25      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| STORE Master Funding LLC               | Store Master Funding I-VII                                                                           | CUSIP: 86212VAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    227378 | PA      | $225910.74    | 0.18%             | 2048-10-20      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                      | HSBC Holdings plc                                                                                    | CUSIP: 404280EF2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1750000 | PA      | $1786751.02   | 1.40%             | 2028-05-17      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| Oak Street Investment Grade Ne         | Oak Street Investment Grade Net Lease Fund Series                                                    | CUSIP: 67181DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2384206 | PA      | $2276226.50   | 1.78%             | 2050-11-20      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| Triton Container Finance LLC           | Triton Container Finance VIII LLC                                                                    | CUSIP: 89680HAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1482000 | PA      | $1368414.78   | 1.07%             | 2046-03-20      | Fixed         | 1.86%                 | No            |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC                    | Silgan Holdings, Inc.                                                                                | CUSIP: 827048AX7<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |    750000 | PA      | $738212.81    | 0.58%             | 2026-04-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL               | Jackson National Life Global Funding                                                                 | CUSIP: 46849LUZ2<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |    750000 | PA      | $755425.61    | 0.59%             | 2026-04-10      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| ALGONQUIN PWR & UTILITY                | Algonquin Power & Utilities Corp.                                                                    | CUSIP: 015857AF2<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |   1750000 | PA      | $1762586.21   | 1.38%             | 2026-06-15      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| Legacy Mortgage Asset Trust            | Legacy Mortgage Asset Trust                                                                          | CUSIP: 52475WAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    852754 | PA      | $853241.34    | 0.67%             | 2060-11-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust         | CFMT LLC                                                                                             | CUSIP: 12530GAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    465950 | PA      | $458995.04    | 0.36%             | 2037-09-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| WWTHC II INC                           | World Wide Technology Holding Company LLC                                                            | CUSIP: N/A<br>LEI: 213800MTFQARCZL1PY64       | Long             | LON              | CORP              | US        |    263749 | PA      | $264078.50    | 0.21%             | 2030-03-01      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                       | LPL Holdings, Inc.                                                                                   | CUSIP: 50212YAJ3<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1732050.70   | 1.36%             | 2027-05-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Residential Mortgage Loan Trus         | Residential Mortgage Loan Trust                                                                      | CUSIP: 76119CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     36813 | PA      | $36514.15     | 0.03%             | 2060-01-26      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| VONTIER CORP                           | Vontier Corp.                                                                                        | CUSIP: 928881AB7<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |    650000 | PA      | $641021.06    | 0.50%             | 2026-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| AEGON FUNDING CO LLC                   | AEGON Funding Company LLC                                                                            | CUSIP: 00775VAA2<br>LEI: KEIOKM01PSK5VZ5CCI74 | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2696348.05   | 2.11%             | 2027-04-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                               | BX Commercial Mortgage Trust                                                                         | CUSIP: 05609VAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3390898 | PA      | $3380301.88   | 2.65%             | 2036-09-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| TERRAFORM GLOBAL OPERATI               | Terraform Global Operating, LP                                                                       | CUSIP: 88104UAC7<br>LEI: 549300LC7QMVR79H5O86 | Long             | DBT              | CORP              | US        |    210000 | PA      | $207345.68    | 0.16%             | 2026-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| WMRK Commercial Mortgage Trust         | WMRK Commercial Mortgage Trust                                                                       | CUSIP: 929342AB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2900000 | PA      | $2907259.86   | 2.28%             | 2027-11-15      | Floating      | 7.59%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                       | Bank of Montreal                                                                                     | CUSIP: N/A<br>LEI: NQQ6HPCNCCU6TUTQYE16       | Long             | RA               | CORP              | US        |     38787 | PA      | $38787.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Argent Securities Inc.                 | Argent Securities Incorporated Asset-Backed Pass-Through Certificates Series                         | CUSIP: 040104ND9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    144042 | PA      | $142579.20    | 0.11%             | 2035-10-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust         | Morgan Stanley Capital I Trust                                                                       | CUSIP: 61767YBA7<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |  39477395 | PA      | $691051.80    | 0.54%             | 2051-07-15      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| Cerberus                               | Cerberus Loan Funding XXXII, LP                                                                      | CUSIP: 15674LAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    976310 | PA      | $978998.10    | 0.77%             | 2033-04-22      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC               | OBX Trust                                                                                            | CUSIP: 67119FAA1<br>LEI: 254900FVMB3WTXJGGR91 | Long             | ABS-MBS          | CORP              | US        |   1159581 | PA      | $1174863.37   | 0.92%             | 2064-03-25      | Variable      | 6.24%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential          | Starwood Mortgage Residential Trust                                                                  | CUSIP: 85573AAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     26702 | PA      | $25324.93     | 0.02%             | 2050-02-25      | Variable      | 2.27%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                  | U.S. Secured Overnight Financing Rate                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |  -1800000 | OU      | $22187.16     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Anchorage Credit Funding Ltd.          | Anchorage Credit Funding 4 Ltd.                                                                      | CUSIP: 03329TAG9<br>LEI: 549300VR9XUOV1E0U888 | Long             | ABS-O            | CORP              | KY        |   2250000 | PA      | $2128467.83   | 1.67%             | 2039-04-27      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| Dreyfus Treasury Securities Ca         | Dreyfus Treasury Securities Cash Management Fund - Institutional Shares                              | CUSIP: N/A<br>LEI: 549300U78VESCW509025       | Long             | STIV             | RF                | US        |   1623584 | NS      | $1623583.78   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BofA Securities, Inc.                  | U.S. Secured Overnight Financing Rate                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |  -3000000 | OU      | $302961.60    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| GCAT                                   | GCAT Trust                                                                                           | CUSIP: 36169GAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    324163 | PA      | $328500.12    | 0.26%             | 2068-08-25      | Variable      | 6.89%                 | No            |                  2 | On Loan: No      |
| THL Credit Lake Shore MM CLO I         | THL Credit Lake Shore MM CLO I Ltd.                                                                  | CUSIP: 510800AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    639706 | PA      | $641622.20    | 0.50%             | 2033-04-15      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                 | Standard Chartered plc                                                                               | CUSIP: 853254DB3<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   1700000 | PA      | $1735305.65   | 1.36%             | 2028-05-14      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| Novastar Home Equity Loan              | NovaStar Mortgage Funding Trust Series                                                               | CUSIP: 66989EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    630383 | PA      | $621527.59    | 0.49%             | 2037-09-25      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan          | New Residential Mortgage Loan Trust                                                                  | CUSIP: 64830TAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    570127 | PA      | $537338.34    | 0.42%             | 2059-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust           | CSMC Trust                                                                                           | CUSIP: 12662GAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    438065 | PA      | $436288.46    | 0.34%             | 2060-12-27      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| Banc of America Funding Corpor         | Banc of America Funding Trust                                                                        | CUSIP: 05990TAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     97324 | PA      | $97078.56     | 0.08%             | 2037-04-29      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| Life Financial Services Trust          | Life Mortgage Trust                                                                                  | CUSIP: 53218CAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     80100 | PA      | $79749.45     | 0.06%             | 2038-03-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                  | U.S. Secured Overnight Financing Rate                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        | -55250000 | OU      | $-733363.64   | -0.57%            |  |  |  | No            |                  2 | On Loan: No      |
| Wingstop Funding LLC                   | Wingstop Funding LLC                                                                                 | CUSIP: 974153AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    443250 | PA      | $427914.08    | 0.34%             | 2050-12-05      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                 | Albertsons Companies Incorporated / Safeway Inc / New Albertsons Limited Partnership / Albertsons LL | CUSIP: 013092AF8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $272849.89    | 0.21%             | 2026-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust               | Angel Oak Mortgage Trust                                                                             | CUSIP: 034943AA8<br>LEI: 25490046TFINGL6XED11 | Long             | ABS-MBS          | CORP              | US        |    621744 | PA      | $629212.10    | 0.49%             | 2069-01-25      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities LLC             | J.P. Morgan Securities LLC                                                                           | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | RA               | CORP              | US        |    193936 | PA      | $193936.00    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                    | CDW LLC / CDW Finance Corp.                                                                          | CUSIP: 12513GBG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1324385.05   | 1.04%             | 2026-12-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                   | FirstKey Homes Trust                                                                                 | CUSIP: 33768NAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $746391.53    | 0.58%             | 2039-05-19      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA               | Cooperatieve Rabobank UA                                                                             | CUSIP: 74977RDR2<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    800000 | PA      | $806711.83    | 0.63%             | 2028-08-22      | Variable      | 4.66%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage          | Citigroup Commercial Mortgage Trust                                                                  | CUSIP: 17327GAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  39772414 | PA      | $821729.89    | 0.64%             | 2051-11-10      | Variable      | 0.93%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                               | BXMT Ltd.                                                                                            | CUSIP: 05608XAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1250000 | PA      | $1245390.75   | 0.98%             | 2037-11-15      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| F&G GLOBAL FUNDING                     | F&G Global Funding                                                                                   | CUSIP: 30321L2G6<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1948928.44   | 1.53%             | 2027-06-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| OWS Structured Asset Trust             | OSAT Trust                                                                                           | CUSIP: 67114HAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2572392 | PA      | $2573396.02   | 2.02%             | 2065-05-25      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| Legacy Mortgage Asset Trust            | Legacy Mortgage Asset Trust                                                                          | CUSIP: 52474XAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    881147 | PA      | $881072.31    | 0.69%             | 2061-07-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                               | BXMT Ltd.                                                                                            | CUSIP: 12434LAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2250000 | PA      | $2223063.90   | 1.74%             | 2038-02-15      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| JANE STREET GROUP LLC                  | Jane Street Group LLC                                                                                | CUSIP: N/A<br>LEI: 5493002N1IVX6KHGYO08       | Long             | LON              | CORP              | US        |    294588 | PA      | $292133.66    | 0.23%             | 2031-12-15      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                  | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Long             | RA               | CORP              | US        |    310298 | PA      | $310298.00    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust           | CSMC Trust                                                                                           | CUSIP: 12598JAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    562295 | PA      | $559699.10    | 0.44%             | 2061-07-27      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                | American National Group, Inc.                                                                        | CUSIP: 025676AM9<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |    240000 | PA      | $241971.23    | 0.19%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                | Nationwide Building Society                                                                          | CUSIP: 63861VAM9<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    550000 | PA      | $554493.74    | 0.43%             | 2029-07-14      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| CLI Funding LLC                        | CLI Funding VIII LLC                                                                                 | CUSIP: 12565KAA5<br>LEI: 254900Z4P82YK31RVL27 | Long             | ABS-O            | CORP              | US        |    955202 | PA      | $882592.72    | 0.69%             | 2046-02-18      | Fixed         | 1.64%                 | No            |                  2 | On Loan: No      |
| BXHPP Trust                            | BXHPP Trust                                                                                          | CUSIP: 05609JAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $456775.60    | 0.36%             | 2036-08-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Structured         | Castlelake Aircraft Securitization Trust                                                             | CUSIP: 14856CAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    257947 | PA      | $254593.51    | 0.20%             | 2043-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                              | IQVIA, Inc.                                                                                          | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $997216.00    | 0.78%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC               | OBX Trust                                                                                            | CUSIP: 67118XAA3<br>LEI: 254900LMIQVUH9BFZJ05 | Long             | ABS-MBS          | CORP              | US        |   1188481 | PA      | $1206971.10   | 0.95%             | 2064-02-25      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| Sapphire Aviation Finance I Li         | Sapphire Aviation Finance II Ltd.                                                                    | CUSIP: 80307AAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    492182 | PA      | $470162.06    | 0.37%             | 2040-03-15      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL               | United Wholesale Mortgage LLC                                                                        | CUSIP: 91153LAA5<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    490000 | PA      | $489824.38    | 0.38%             | 2025-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                       | COLT Mortgage Loan Trust                                                                             | CUSIP: 19688RAA7<br>LEI: 213800MIPEZY1A8W1N28 | Long             | ABS-MBS          | CORP              | US        |    408972 | PA      | $414978.07    | 0.33%             | 2068-09-25      | Variable      | 7.18%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust             | Verus Securitization Trust                                                                           | CUSIP: 92538MAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    521410 | PA      | $459232.91    | 0.36%             | 2066-10-25      | Variable      | 1.89%                 | No            |                  2 | On Loan: No      |
| PMH SPV - C LLC                        | Project Onyx II                                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    240570 | PA      | $239801.53    | 0.19%             | 2027-01-26      | Variable      | 7.09%                 | No            |                  3 | On Loan: No      |
| BofA Securities, Inc.                  | U.S. Secured Overnight Financing Rate                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |   -850000 | OU      | $23107.34     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| FIGRE Trust                            | FIGRE Trust                                                                                          | CUSIP: 31684FAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400863 | PA      | $405250.86    | 0.32%             | 2054-10-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC               | OBX Trust                                                                                            | CUSIP: 67118LAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    234117 | PA      | $233566.03    | 0.18%             | 2062-09-25      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                    | Sound Point CLO XIX Ltd.                                                                             | CUSIP: 83610JAA4<br>LEI: 5493001QI7ZD0IPL4A34 | Long             | ABS-O            | CORP              | KY        |    789535 | PA      | $790195.60    | 0.62%             | 2031-04-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN               | Live Nation Entertainment, Inc.                                                                      | CUSIP: 538034AV1<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    875000 | PA      | $883094.55    | 0.69%             | 2027-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GCAT                                   | GCAT Trust                                                                                           | CUSIP: 36169DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1166711 | PA      | $1165109.84   | 0.91%             | 2067-11-25      | Variable      | 5.84%                 | No            |                  2 | On Loan: No      |
| SLM CORP                               | SLM Corp.                                                                                            | CUSIP: 78442PGE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $587787.24    | 0.46%             | 2026-11-02      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                          | U.S. Treasury Bills                                                                                  | CUSIP: 912797QG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $997538.75    | 0.78%             | 2025-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                   | OneMain Finance Corp.                                                                                | CUSIP: 85172FAN9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    168000 | PA      | $169518.38    | 0.13%             | 2026-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BrightSpire Capital, Inc               | BRSP Ltd.                                                                                            | CUSIP: 05591XAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2750000 | PA      | $2743434.38   | 2.15%             | 2038-08-19      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Home Equity Loan Trust                 | Home Equity Loan Trust                                                                               | CUSIP: 43710XAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1119811 | PA      | $1086836.12   | 0.85%             | 2037-04-25      | Floating      | 4.46%                 | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd                        | HGI CRE CLO Ltd.                                                                                     | CUSIP: 40390JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     66456 | PA      | $66390.66     | 0.05%             | 2036-09-17      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust             | Verus Securitization Trust                                                                           | CUSIP: 92538KAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    520987 | PA      | $454193.23    | 0.36%             | 2066-09-25      | Variable      | 1.37%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Li         | Textainer Marine Containers Ltd.                                                                     | CUSIP: 88315LAS7<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | US        |     67333 | PA      | $60503.36     | 0.05%             | 2046-08-20      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Asset Backed Secu         | Bear Stearns Asset-Backed Securities I Trust                                                         | CUSIP: 07389MAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    485290 | PA      | $482130.74    | 0.38%             | 2036-11-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust             | Verus Securitization Trust                                                                           | CUSIP: 92538HAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    259921 | PA      | $222291.30    | 0.17%             | 2066-07-25      | Variable      | 1.35%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC               | Rocket Mortgage LLC / Rocket Mortgage Company-Issuer, Inc.                                           | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    850000 | PA      | $832599.76    | 0.65%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Guggenheim Strategy Funds Trust

**Signature:** James Howley

**Name of Signer:** James Howley

**Title:** CFO