# EDGAR Filing Document

**Accession Number:** 0000088525
**File Stem:** 0000913181-25-000331
**Filing Date:** 2025-12
**Character Count:** 439565
**Document Hash:** 3468f82ac1a21146fb398480b1b89386
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000913181-25-000331.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0000913181-25-000331

**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 FUNDS TRUST
- **CENTRAL INDEX KEY:** 0000088525

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01136
- **FILM NUMBER:** 251538200

**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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SECURITY EQUITY FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Guggenheim Core Bond Fund (Series ID: S000043988)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000136517 | A-Class             | SIUSX           |
| C000136519 | C-Class             | SDICX           |
| C000136520 | Institutional Class | GIUSX           |
| C000155968 | P                   | SIUPX           |

## 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 Funds Trust

- **b. Investment Company Act file number:** 811-01136

- **c. CIK number of Registrant:** 0000088525

- **d. LEI of Registrant:** 54930033G24U3UGWK691

- **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 Core Bond Fund

- **b. EDGAR series identifier (if any):** S000043988

- **c. LEI of Series:** 549300FTUEDHPYOSV405

**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:** $3634790637.08

**Total Liabilities:** $1111543928.57

**Net Assets:** $2523246708.51

**Delayed Delivery Securities:** $951675254.91

**Cash Not Reported:** $453605.06

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 30612.53331710 | **1-Year:** 150456.43956850 | **5-Year:** 328679.45320510 | **10-Year:** 416121.31596100 | **30-Year:** 144522.75960130

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

- **3-Month:** 332.05926100 | **1-Year:** 941.68467530 | **5-Year:** 9720.61368040 | **10-Year:** 3967.42537300 | **30-Year:** 1200.93205020

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000136520 | -0.26%               | 1.35%                | 1.12%                |
| Class ID C000136519 | -0.34%               | 1.27%                | 1.04%                |
| Class ID C000136517 | -0.28%               | 1.33%                | 1.09%                |
| Class ID C000155968 | -0.28%               | 1.33%                | 1.09%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $746348.28               | $-13442245.81                              |
| Month 2  | $4052384.40              | $16327852.68                               |
| Month 3  | $5579942.84              | $12950892.20                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Voya CLO Ltd                               | VOYA CLO                                                                                | CUSIP: 92920HAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $1004540.00   | 0.04%             | 2037-07-20      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Cerberus                                   | Cerberus Loan Funding XXXII, LP                                                         | CUSIP: 15674LAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1250000 | PA      | $1257203.00   | 0.05%             | 2033-04-22      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                       | Bank of America Corp.                                                                   | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   4000000 | NS      | $4161956.00   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX Trust                                                                               | CUSIP: 67121UAC0<br>LEI: 254900FPAGVH6E25VL74 | Long             | ABS-MBS          | CORP              | US        |   1923358 | PA      | $1939193.31   | 0.08%             | 2065-05-25      | Variable      | 5.82%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX Trust                                                                               | CUSIP: 67118XAA3<br>LEI: 254900LMIQVUH9BFZJ05 | Long             | ABS-MBS          | CORP              | US        |    792320 | PA      | $804647.40    | 0.03%             | 2064-02-25      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                            | Cigna Group                                                                             | CUSIP: 125523CY4<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1060587.11   | 0.04%             | 2032-09-15      | Fixed         | 4.88%                 | 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        |   3625001 | PA      | $3635859.12   | 0.14%             | 2033-04-15      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| ALLO Issuer, LLC                           | ALLO Issuer LLC                                                                         | CUSIP: 01983KAN4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2029350.20   | 0.08%             | 2055-04-20      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                    | MPLX, LP                                                                                | CUSIP: 55336VAT7<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1005431.32   | 0.04%             | 2049-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                                | U.S. Treasury Bonds                                                                     | CUSIP: 912803GE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19980000 | PA      | $5601423.77   | 0.22%             | 2052-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SLAM LLC                                   | Slam Ltd.                                                                               | CUSIP: 78450TAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2106843 | PA      | $2160765.25   | 0.09%             | 2050-05-15      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor             | Morgan Stanley Residential Mortgage Loan Trust                                          | CUSIP: 61776UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    743758 | PA      | $743222.07    | 0.03%             | 2069-07-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru             | Vista Point Securitization Trust                                                        | CUSIP: 92842DAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3115479 | PA      | $3135680.55   | 0.12%             | 2055-04-25      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                         | BSPRT Issuer Ltd.                                                                       | CUSIP: 05602CAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $993354.70    | 0.04%             | 2038-12-15      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga             | MF1 Multifamily Housing Mortgage Loan Trust                                             | CUSIP: 55283TAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   3400000 | PA      | $3393008.92   | 0.13%             | 2036-07-16      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| LBJ INFRASTRUCTURE GROUP                   | LBJ Infrastructure Group LLC                                                            | CUSIP: 50203UAA1<br>LEI: 254900DEJSU2OQFZWQ97 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $878311.59    | 0.03%             | 2057-12-31      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Anchor Mortgage Trust                      | Anchor Mortgage Trust                                                                   | CUSIP: 03290CAA4<br>LEI: 254900S7O2LYCU17JI96 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1005010.50   | 0.04%             | 2040-05-25      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| WILTON RE LTD                              | Wilton RE Ltd.                                                                          | CUSIP: 97263CAA9<br>LEI: 5493004VQ9VSL29MT373 | Long             | DBT              | CORP              | CA        |   5426000 | PA      | $5394528.11   | 0.21%             | N/A             | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| DBGS Mortgage Trust                        | DBGS Mortgage Trust                                                                     | CUSIP: 23307DBD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7000000 | PA      | $6540300.90   | 0.26%             | 2051-10-15      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| Sonic Capital LLC                          | Sonic Capital LLC                                                                       | CUSIP: 83546DAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    949167 | PA      | $917693.16    | 0.04%             | 2050-01-20      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC        | 9-Month/5-Year Interest Rate Swap                                                       | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |  35955000 | NC      | $453768.28    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| AP GRANGE HOLDINGS LLC                     | AP Grange Holdings LLC Deferral                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |    839743 | PA      | $839742.52    | 0.03%             | 2045-03-20      | Fixed         | 6.50%                 | No            |                  3 | On Loan: No      |
| SUBWAY FUNDING LLC                         | Subway Funding LLC                                                                      | CUSIP: 864300AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    794000 | PA      | $804961.41    | 0.03%             | 2054-07-30      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                    | Imperial Brands Finance plc                                                             | CUSIP: 45262BAC7<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |   1060000 | PA      | $1041289.04   | 0.04%             | 2029-07-26      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 31418EDD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  16767080 | PA      | $14760797.69  | 0.58%             | 2052-05-01      | Fixed         | 3.00%                 | 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        |   3350000 | PA      | $3269858.29   | 0.13%             | 2046-08-15      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus             | BRAVO Residential Funding Trust 2025-NQM2                                               | CUSIP: 10569NAD3<br>LEI: 254900TZWRKTBX2YNW23 | Long             | ABS-MBS          | CORP              | US        |   3358008 | PA      | $3385122.56   | 0.13%             | 2064-11-25      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                   | Mill City Securities Ltd.                                                               | CUSIP: 599920AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2491669 | PA      | $2326596.08   | 0.09%             | 2069-11-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| BMP Trust                                  | BMP Trust                                                                               | CUSIP: 05593JAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1002187.50   | 0.04%             | 2041-06-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                             | NRG Energy, Inc.                                                                        | CUSIP: 629377CP5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1677540.13   | 0.07%             | 2027-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY PARTNERS LL                   | Viper Energy Partners LLC                                                               | CUSIP: 92764MAB0<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2236784.00   | 0.09%             | 2035-08-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                     | Standard Chartered plc                                                                  | CUSIP: 853254BS8<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | US        |   1609000 | PA      | $1616097.72   | 0.06%             | 2031-04-01      | Variable      | 4.64%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                      | Venture Global Plaquemines LNG LLC                                                      | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1487047.80   | 0.06%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Ares Direct Lending CLO LLC                | Ares Direct Lending CLO 1 LLC                                                           | CUSIP: 04020RAC2<br>LEI: 254900W79C3ALKJIMH12 | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $748009.43    | 0.03%             | 2036-04-25      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| Owl Rock CLO VIII, LLC                     | Owl Rock CLO VIII LLC                                                                   | CUSIP: 69121CAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1001875.70   | 0.04%             | 2037-04-24      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| BLUE OWL GP STAKES IV                      | Blue Owl IV                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   2112000 | PA      | $2112000.00   | 0.08%             | 2045-09-04      | Fixed         | 5.94%                 | No            |                  3 | On Loan: No      |
| Mill City Mortgage Trust                   | Mill City Securities Ltd.                                                               | CUSIP: 59982DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1647425 | PA      | $1552698.20   | 0.06%             | 2069-08-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| DAI-ICHI LIFE INSURANCE                    | Dai-ichi Life Insurance Company Ltd.                                                    | CUSIP: 23381LAA2<br>LEI: 3538001235ACEIORUV72 | Long             | DBT              | CORP              | JP        |   2150000 | PA      | $2234843.30   | 0.09%             | 2075-07-16      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 31418FLR6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  22398442 | PA      | $22591441.09  | 0.90%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                     | Sequoia Mortgage Trust                                                                  | CUSIP: 81743CAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    516863 | PA      | $522410.46    | 0.02%             | 2054-06-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Cerberus                                   | Cerberus Loan Funding XLVIII LLC                                                        | CUSIP: 15675JAC4<br>LEI: 635400TT2BPIAD7JRA96 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2009865.80   | 0.08%             | 2036-10-15      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3140XQGZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8564144 | PA      | $8850060.32   | 0.35%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor             | Morgan Stanley Residential Mortgage Loan Trust                                          | CUSIP: 61776UAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    743760 | PA      | $744480.25    | 0.03%             | 2069-07-25      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC        | 6-Month/5-Year Interest Rate Swap                                                       | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        | -11406250 | NC      | $-19520.54    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MEIJI YASUDA LIFE INSURA                   | Meiji Yasuda Life Insurance Co.                                                         | CUSIP: 585270AE1<br>LEI: 549300SLU4LP6YMRLK07 | Long             | DBT              | CORP              | JP        |   3750000 | PA      | $3901740.00   | 0.15%             | 2055-06-11      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3138LPA97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    969488 | PA      | $863614.46    | 0.03%             | 2048-08-01      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| ALEXANDER FUND TRUST II                    | Alexander Funding Trust II                                                              | CUSIP: 014916AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $481170.45    | 0.02%             | 2028-07-31      | Fixed         | 7.47%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan              | New Residential Mortgage Loan Trust                                                     | CUSIP: 64828GAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    312113 | PA      | $296051.98    | 0.01%             | 2059-09-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A             | Ginnie Mae                                                                              | CUSIP: 38381NQ50<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4481335 | PA      | $4527378.91   | 0.18%             | 2052-03-20      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                      | Foreign Exchange EUR/USD                                                                | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |  15126000 | NC      | $44.59        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HV EIGHT LLC                               | HV Eight LLC                                                                            | CUSIP: N/A<br>LEI: 54930017K50RHBRFUJ56       | Long             | ABS-O            | CORP              | US        |   3359451 | PA      | $3933966.57   | 0.16%             | 2027-12-31      | Variable      | 5.48%                 | No            |                  3 | On Loan: No      |
| SERVPRO MASTER ISSUER, LLC                 | SERVPRO Master Issuer LLC                                                               | CUSIP: 817743AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1508000 | PA      | $1493391.25   | 0.06%             | 2049-10-25      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                        | Bank of Nova Scotia                                                                     | CUSIP: 06418GAJ6<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   1010000 | PA      | $1014965.96   | 0.04%             | 2029-08-01      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| PENN MUTUAL LIFE INS CO                    | Penn Mutual Life Insurance Co.                                                          | CUSIP: 707567AE3<br>LEI: BIYXEJSLUQ3IWFUXX074 | Long             | DBT              | CORP              | US        |    950000 | PA      | $635075.10    | 0.03%             | 2061-04-29      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                            | CVS Health Corp.                                                                        | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   2170000 | PA      | $2239949.95   | 0.09%             | 2054-12-10      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage              | Citigroup Commercial Mortgage Trust                                                     | CUSIP: 17291CBW4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2129782 | PA      | $11837.75     | 0.00%             | 2049-08-10      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| UBS AG                                     | Foreign Exchange USD/JPY                                                                | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |  11383000 | NC      | $24074.02     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                   | Angel Oak Mortgage Trust                                                                | CUSIP: 034943AB6<br>LEI: 25490046TFINGL6XED11 | Long             | ABS-MBS          | CORP              | US        |    276331 | PA      | $279191.20    | 0.01%             | 2069-01-25      | Variable      | 6.40%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer LL             | Stack Infrastructure Issuer LLC                                                         | CUSIP: 85236KAK8<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3028907.10   | 0.12%             | 2048-10-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                      | Foreign Exchange EUR/USD                                                                | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |  21609000 | NC      | $54.30        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                         | RGA Global Funding                                                                      | CUSIP: 76209PAF0<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1325584.13   | 0.05%             | 2031-12-06      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| FREEPORT LNG DEVELOPMENT LP                | FLNG Liquefaction 3 LLC                                                                 | CUSIP: N/A<br>LEI: 549300ZCV52X08U6XC41       | Long             | DBT              | CORP              | US        |   3711435 | PA      | $3168914.05   | 0.13%             | 2039-06-30      | Fixed         | 3.08%                 | No            |                  3 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                      | Foundry JV Holdco LLC                                                                   | CUSIP: 350930AA1<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2604416.88   | 0.10%             | 2034-01-25      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Capmark Military Housing Trust             | Capmark Military Housing Trust                                                          | CUSIP: 14069BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    257803 | PA      | $231398.76    | 0.01%             | 2052-02-10      | Fixed         | 5.75%                 | No            |                  3 | On Loan: No      |
| THUNDERBIRD 2022-1                         | Thunderbird A                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   3400000 | PA      | $3213617.85   | 0.13%             | 2037-03-01      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| BCRED CLO LLC                              | BCRED CLO LLC                                                                           | CUSIP: 05556FAC7<br>LEI: 2549001W2Y6F50VEZG93 | Long             | ABS-O            | CORP              | KY        |   3400000 | PA      | $3421532.54   | 0.14%             | 2037-04-20      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                      | Tennessee Valley Authority                                                              | CUSIP: 880591ES7<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   2450000 | PA      | $2025613.45   | 0.08%             | 2065-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LAZARD GROUP LLC                           | Lazard Group LLC                                                                        | CUSIP: 52107QAM7<br>LEI: FI94J2CJ1D7BIGVMS874 | Long             | DBT              | CORP              | US        |   2445000 | PA      | $2486543.43   | 0.10%             | 2035-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                               | Barclays plc                                                                            | CUSIP: 06738EDD4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    530000 | PA      | $530936.25    | 0.02%             | 2029-11-11      | Variable      | 4.48%                 | No            |                  2 | On Loan: No      |
| CITADEL SECURITIES GLOBA                   | Citadel Securities Global Holdings LLC                                                  | CUSIP: 17289RAB2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |    250000 | PA      | $262618.86    | 0.01%             | 2035-06-18      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                       | Westpac Banking Corp.                                                                   | CUSIP: 961214EY5<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    805000 | PA      | $609277.32    | 0.02%             | 2041-11-18      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3140Y6DG2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  19237191 | PA      | $19555735.58  | 0.78%             | 2055-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL FINANCIAL                    | Fidelity National Financial, Inc.                                                       | CUSIP: 31620RAK1<br>LEI: 549300CAZYIH39SYQ287 | Long             | DBT              | CORP              | US        |     70000 | PA      | $62015.44     | 0.00%             | 2031-03-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| DEPOSITORY TRUST & CLEAR                   | Depository Trust & Clearing Corp.                                                       | CUSIP: 249670AB6<br>LEI: MLDY5N6PZ58ZE60QU102 | Long             | EP               | CORP              | US        |   1000000 | NS      | $983296.80    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Mach I                                     | MACH 1 Cayman Ltd.                                                                      | CUSIP: 55446MAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    634896 | PA      | $627309.01    | 0.02%             | 2039-10-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC        | CDX.NA.HY.43.V1 (25-35%)                                                                | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DCR              |  | US        |  -2320000 | OU      | $-360452.90   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3136BQRA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1962848 | PA      | $2001745.95   | 0.08%             | 2049-04-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX Trust                                                                               | CUSIP: 67119FAC7<br>LEI: 254900FVMB3WTXJGGR91 | Long             | ABS-MBS          | CORP              | US        |    662618 | PA      | $670277.98    | 0.03%             | 2064-03-25      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                   | Cheniere Energy Partners, LP                                                            | CUSIP: 16411QAS0<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155938.41    | 0.01%             | 2034-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Barclays Bank plc                          | CURRENCY CONTRACT - Rec USD / Deliver EUR                                               | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |    -99000 | NC      | $-776.05      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC        | CURRENCY CONTRACT - Rec USD / Deliver EUR                                               | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |   -195000 | NC      | $-236.71      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issu             | GreenSky Home Improvement Issuer Trust 2025-1                                           | CUSIP: 39571NAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2350000 | PA      | $2382672.29   | 0.09%             | 2060-03-25      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                | Uniform MBS 30 Year                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |  15965000 | PA      | $12872547.57  | 0.51%             | 2025-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac                                                                             | CUSIP: 31427NHN2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3934867 | PA      | $3979714.21   | 0.16%             | 2055-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3140HVC93<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    894172 | PA      | $767552.30    | 0.03%             | 2049-08-01      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| UBS AG                                     | Foreign Exchange USD/JPY                                                                | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |  -3415000 | NC      | $-453.34      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX Trust                                                                               | CUSIP: 67118KAB9<br>LEI: 2549001QDCO9VU0HH514 | Long             | ABS-MBS          | CORP              | US        |    639795 | PA      | $648349.67    | 0.03%             | 2063-12-25      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                    | MPLX, LP                                                                                | CUSIP: 55336VBW9<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47193.60     | 0.00%             | 2053-03-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| 200 PARK FUNDING TRUST                     | 200 Park Funding Trust                                                                  | CUSIP: 901928AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2582535.25   | 0.10%             | 2055-02-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                    | GA Global Funding Trust                                                                 | CUSIP: 36143L2V6<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    500000 | PA      | $495978.13    | 0.02%             | 2030-09-18      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BLUE OWL FINANCE LLC                       | Blue Owl Finance LLC                                                                    | CUSIP: 09581JAT3<br>LEI: 254900OF2NO2GYFV5T41 | Long             | DBT              | CORP              | US        |    970000 | PA      | $1017261.90   | 0.04%             | 2034-04-18      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WEIR GROUP INC                             | Weir Group, Inc.                                                                        | CUSIP: 94877DAA2<br>LEI: 2138009WEPEV2V98AV65 | Long             | DBT              | CORP              | US        |    470000 | PA      | $483510.26    | 0.02%             | 2030-05-06      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CIMIC FINANCE USA PTY LT                   | CIMIC Finance USA Pty Ltd.                                                              | CUSIP: 171873AB8<br>LEI: 213800GNWSV32LXHCZ50 | Long             | DBT              | CORP              | AU        |    970000 | PA      | $1056253.38   | 0.04%             | 2034-03-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                    | MPLX, LP                                                                                | CUSIP: 55336VCD0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1820964.64   | 0.07%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| BSPDF Issuer Ltd                           | BSPDF Issuer Ltd.                                                                       | CUSIP: 055731AG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4000000 | PA      | $3959564.80   | 0.16%             | 2036-10-15      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                | FIGRE Trust                                                                             | CUSIP: 316927AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2371605 | PA      | $2432369.05   | 0.10%             | 2054-05-25      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A             | Ginnie Mae                                                                              | CUSIP: 38384EJQ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    434819 | PA      | $436479.47    | 0.02%             | 2047-06-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ASSURANT INC                               | Assurant, Inc.                                                                          | CUSIP: 04621XAD0<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | DBT              | CORP              | US        |    400000 | PA      | $443173.28    | 0.02%             | 2034-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX Trust                                                                               | CUSIP: 673914AE7<br>LEI: 2549007E8KF1RJ2ZV866 | Long             | ABS-MBS          | CORP              | US        |   1016852 | PA      | $1022467.40   | 0.04%             | 2064-12-25      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities              | GS Mortgage-Backed Securities Trust                                                     | CUSIP: 36259WAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    118257 | PA      | $110994.43    | 0.00%             | 2060-09-27      | Variable      | 1.79%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                         | Freddie Mac Seasoned Credit Risk Transfer Trust                                         | CUSIP: 35563PSB6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2785186 | PA      | $2220011.70   | 0.09%             | 2060-05-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                        | Dominion Energy, Inc.                                                                   | CUSIP: 25746UDZ9<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1107869.64   | 0.04%             | 2056-02-15      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Sprite Limited                             | Sprite Ltd.                                                                             | CUSIP: 85208UAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    782787 | PA      | $760883.68    | 0.03%             | 2046-11-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                             | NRG Energy, Inc.                                                                        | CUSIP: N/A<br>LEI: 5E2UPK5SW04M13XY7I38       | Long             | LON              | CORP              | US        |   4999810 | PA      | $4998260.19   | 0.20%             | 2031-04-16      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| HLEND CLO LLC                              | Hlend CLO LLC                                                                           | CUSIP: 403961AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4700000 | PA      | $4705942.68   | 0.19%             | 2037-01-20      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                | FIGRE Trust                                                                             | CUSIP: 30191LAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1108072 | PA      | $1121781.37   | 0.04%             | 2055-01-25      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION                           | LG Energy Solution Ltd.                                                                 | CUSIP: 50205MAE9<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |   1600000 | PA      | $1620339.54   | 0.06%             | 2034-07-02      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                           | NTT Finance Corp.                                                                       | CUSIP: 62954WAQ8<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    930000 | PA      | $939195.95    | 0.04%             | 2028-07-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FIRST AMERICAN FINANCIAL                   | First American Financial Corp.                                                          | CUSIP: 31847RAG7<br>LEI: 549300B6VEZK3N0A1P55 | Long             | DBT              | CORP              | US        |   3180000 | PA      | $3073981.73   | 0.12%             | 2030-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC                     | Brookfield Finance, Inc.                                                                | CUSIP: 11271LAP7<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |   1990000 | PA      | $2004789.40   | 0.08%             | 2055-03-03      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| GCAT                                       | GCAT Trust                                                                              | CUSIP: 36169GAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1296652 | PA      | $1314000.47   | 0.05%             | 2068-08-25      | Variable      | 6.89%                 | No            |                  2 | On Loan: No      |
| Capmark Military Housing Trust             | Capmark Military Housing Trust                                                          | CUSIP: 140694AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    439514 | PA      | $400878.76    | 0.02%             | 2052-10-10      | Fixed         | 6.06%                 | No            |                  3 | On Loan: No      |
| CORVIAS MILITARY LIVING LLC                | Homestead Spe Issuer LLC                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5129016.00   | 0.20%             | 2055-04-01      | Fixed         | 7.21%                 | No            |                  3 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP              | New York City Housing Development Corp. Revenue Bonds                                   | CUSIP: 64966WHK6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1546394.08   | 0.06%             | 2053-02-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CHESTERFIELD FINANCIAL HOLDING CHEST_23-1  | CHEST                                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $943552.04    | 0.04%             | 2043-03-23      | Variable      | 7.12%                 | No            |                  3 | On Loan: No      |
| ENERGY TRANSFER LP                         | Energy Transfer, LP                                                                     | CUSIP: 226373AT5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    710000 | PA      | $741582.45    | 0.03%             | 2031-02-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                | Southern Co.                                                                            | CUSIP: 842587DJ3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    322000 | PA      | $317705.94    | 0.01%             | 2051-09-15      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                      | Wells Fargo & Co.                                                                       | CUSIP: 95002YAC7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |    850000 | NS      | $893256.50    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                    | GLP Capital Limited Partnership / GLP Financing II, Inc.                                | CUSIP: 361841AW9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1775000 | PA      | $1762668.37   | 0.07%             | 2037-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                | Foreign Exchange USD/JPY                                                                | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |   4602000 | NC      | $59254.89     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FORTITUDE GROUP HOLDINGS                   | Fortitude Group Holdings LLC                                                            | CUSIP: 34966XAA6<br>LEI: 2549006R9ZUL08JFIH12 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1401703.12   | 0.06%             | 2030-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FEDEX CORP                                 | FedEx Corp.                                                                             | CUSIP: 31428XBE5<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |    354000 | PA      | $305879.88    | 0.01%             | 2045-11-15      | Fixed         | 4.75%                 | 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        |  98829759 | NS      | $98829759.00  | 3.92%             |  |  |  | No            |                  1 | On Loan: No      |
| COLT Funding LLC                           | COLT Mortgage Loan Trust                                                                | CUSIP: 12665LAB0<br>LEI: 213800Z2Q6LED8DB8K38 | Long             | ABS-MBS          | CORP              | US        |    309275 | PA      | $312061.89    | 0.01%             | 2069-04-25      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                | FIGRE Trust                                                                             | CUSIP: 31684DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2068462 | PA      | $2094549.69   | 0.08%             | 2054-12-25      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTH                           | Tennessee Valley Authority Principal Strips                                             | CUSIP: 88059FBA8<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   4000000 | PA      | $2231212.00   | 0.09%             | 2038-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac                                                                             | CUSIP: 3137HMEB2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4822973 | PA      | $4805960.05   | 0.19%             | 2051-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3140QVEQ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3137628 | PA      | $3187080.78   | 0.13%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| STREAM INNOVATIONS ISSUER TRUS             | Stream Innovations Issuer Trust                                                         | CUSIP: 86324EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    744114 | PA      | $753626.93    | 0.03%             | 2045-02-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Owl Rock CLO Ltd                           | Owl Rock CLO XVI LLC                                                                    | CUSIP: 69120YAA3<br>LEI: 254900BHMAVJ8X5TCA77 | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5012600.50   | 0.20%             | 2036-04-20      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| ALLIANT ENERGY FINANCE                     | Alliant Energy Finance LLC                                                              | CUSIP: 01882YAD8<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1035971.28   | 0.04%             | 2032-03-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| BLUE OWL GP STAKES III                     | Dyal Capital Partners III (B), LP                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    770000 | PA      | $776617.03    | 0.03%             | 2044-06-15      | Fixed         | 6.55%                 | No            |                  3 | On Loan: No      |
| GXO LOGISTICS INC                          | GXO Logistics, Inc.                                                                     | CUSIP: 36262GAF8<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1312700.33   | 0.05%             | 2029-05-06      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ALLIANZ SE                                 | Allianz SE                                                                              | CUSIP: 018820AB6<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |   5000000 | PA      | $4694460.50   | 0.19%             | N/A             | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| JACKSON FINANCIAL INC                      | Jackson Financial, Inc.                                                                 | CUSIP: 46817MAN7<br>LEI: 213800WXW2KG1N4CO374 | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1038888.55   | 0.04%             | 2051-11-23      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                | Oracle Corp.                                                                            | CUSIP: 68389XDP7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    700000 | PA      | $701900.49    | 0.03%             | 2045-09-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ATLASSIAN CORPORATION                      | Atlassian Corp.                                                                         | CUSIP: 049468AB7<br>LEI: 549300V7ZY5P02D2MY38 | Long             | DBT              | CORP              | US        |    629000 | PA      | $648000.36    | 0.03%             | 2034-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| American Home Mortgage Investm             | American Home Mortgage Investment Trust                                                 | CUSIP: 026932AF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5572026 | PA      | $869749.30    | 0.03%             | 2047-05-25      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                   | Angel Oak Mortgage Trust                                                                | CUSIP: 03466HAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1656694 | PA      | $1647821.11   | 0.07%             | 2068-11-26      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| FLUTTER ENTERTAINMENT PLC                  | Flutter Entertainment plc                                                               | CUSIP: N/A<br>LEI: 635400VFWPBIKJK6GN11       | Long             | LON              | CORP              | NL        |   3850000 | PA      | $3842531.00   | 0.15%             | 2032-06-04      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| STAR 2025-SFR6 Trust                       | STAR 2025-SFR6 Trust                                                                    | CUSIP: 85520EAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1000625.00   | 0.04%             | 2042-08-17      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                           | BAT Capital Corp.                                                                       | CUSIP: 05526DBK0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   1040000 | PA      | $885066.01    | 0.04%             | 2049-09-06      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                     | Sequoia Mortgage Trust                                                                  | CUSIP: 81743EAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1248444 | PA      | $1267494.88   | 0.05%             | 2055-01-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| SMRT                                       | SMRT                                                                                    | CUSIP: 78457JAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1990000.00   | 0.08%             | 2039-01-15      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| MAPLE GROVE FUNDING TR I                   | Maple Grove Funding Trust I                                                             | CUSIP: 565130AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4750000 | PA      | $3339963.26   | 0.13%             | 2051-08-15      | Fixed         | 4.16%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                      | Tennessee Valley Authority                                                              | CUSIP: 880591EY4<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   3150000 | PA      | $2699524.80   | 0.11%             | 2052-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GCAT                                       | GCAT Trust                                                                              | CUSIP: 36169GAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1296702 | PA      | $1313988.57   | 0.05%             | 2068-08-25      | Variable      | 7.34%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                         | Freddie Mac Seasoned Credit Risk Transfer Trust                                         | CUSIP: 35563PQN2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1062565 | PA      | $855099.26    | 0.03%             | 2059-11-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DOGWOOD TERM LOANS                         | Dogwood State Bank                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   8949773 | PA      | $9001056.64   | 0.36%             | 2032-06-24      | Fixed         | 6.45%                 | No            |                  3 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3140XQMF1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8958182 | PA      | $9111818.03   | 0.36%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                | Uniform MBS 30 Year                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        | 148630000 | PA      | $130544404.34 | 5.17%             | 2025-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                | RCKT Mortgage Trust 2025-CES7                                                           | CUSIP: 74943AAB8<br>LEI: 254900E35NYYFOUTHD06 | Long             | ABS-MBS          | CORP              | US        |    977322 | PA      | $983903.68    | 0.04%             | 2055-07-25      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                            | United States Treasury Inflation Indexed Bonds                                          | CUSIP: 91282CNS6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  36969398 | PA      | $37268709.14  | 1.48%             | 2035-07-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD                        | Macquarie Group Ltd.                                                                    | CUSIP: 55607PAG0<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |   1677000 | PA      | $1515046.68   | 0.06%             | 2032-06-23      | Variable      | 2.69%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | U.S. Treasury Notes                                                                     | CUSIP: 91282CGT2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1300000 | PA      | $1300355.47   | 0.05%             | 2028-03-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Cerberus                                   | Cerberus Loan Funding XLV LLC                                                           | CUSIP: 15675FAC2<br>LEI: 6354005BRQJC9NIG3407 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1000847.90   | 0.04%             | 2036-04-15      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| Falcon Aerospace Ltd                       | Falcon Aerospace Ltd.                                                                   | CUSIP: 30610GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    330502 | PA      | $325550.17    | 0.01%             | 2039-09-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Li             | Textainer Marine Containers VII Ltd.                                                    | CUSIP: 88315LAE8<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | US        |   2031855 | PA      | $1954671.39   | 0.08%             | 2045-08-21      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| DARDEN RESTAURANTS INC                     | Darden Restaurants, Inc.                                                                | CUSIP: 237194AM7<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $997137.70    | 0.04%             | 2048-02-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Station Place Securitization T             | Station Place Securitization Trust                                                      | CUSIP: 85773HAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3000000.00   | 0.12%             | 2025-11-17      | Floating      | 5.45%                 | No            |                  3 | On Loan: No      |
| Capital Automotive Reit                    | CARS-DB4, LP                                                                            | CUSIP: 12510HAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1364814.90   | 0.05%             | 2050-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Cerberus                                   | Cerberus Loan Funding XLIV LLC                                                          | CUSIP: 15674DAC8<br>LEI: 6354005DPIRML7EMPA20 | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3030897.90   | 0.12%             | 2036-01-15      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| Tenet Equity Funding                       | Tenet Equity Funding LLC                                                                | CUSIP: 88035KAA7<br>LEI: 254900PL130UZ4FW1R84 | Long             | ABS-O            | CORP              | US        |    997776 | PA      | $1005678.09   | 0.04%             | 2054-10-20      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| BLACK HILLS CORP                           | Black Hills Corp.                                                                       | CUSIP: 092113AX7<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |    320000 | PA      | $340635.62    | 0.01%             | 2035-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Servpro Master Issuer, LLC                 | SERVPRO Master Issuer LLC                                                               | CUSIP: 817743AJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1379000 | PA      | $1424861.95   | 0.06%             | 2054-01-25      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                           | Altria Group, Inc.                                                                      | CUSIP: 02209SBK8<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |   1365000 | PA      | $1106617.80   | 0.04%             | 2050-05-06      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                         | Tricon Residential Trust                                                                | CUSIP: 89614YAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2850000 | PA      | $2796341.34   | 0.11%             | 2038-07-17      | Fixed         | 2.34%                 | No            |                  2 | On Loan: No      |
| WALKER & DUNLOP INC                        | Walker & Dunlop, Inc.                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2842875 | PA      | $2839321.41   | 0.11%             | 2032-03-14      | Variable      | 6.14%                 | No            |                  3 | On Loan: No      |
| Angel Oak Mortgage Trust                   | Angel Oak Mortgage Trust                                                                | CUSIP: 034942AC6<br>LEI: 254900NLG610771ZLP05 | Long             | ABS-MBS          | CORP              | US        |   3732270 | PA      | $3759758.63   | 0.15%             | 2069-01-25      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| FLORIDA GAS TRANSMISSION                   | Florida Gas Transmission Company LLC                                                    | CUSIP: 340711BC3<br>LEI: 549300Q0UQF87NXNOC32 | Long             | DBT              | CORP              | US        |    625000 | PA      | $648116.63    | 0.03%             | 2035-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                    | American National Group, Inc.                                                           | CUSIP: 025676AQ0<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |    650000 | PA      | $663554.09    | 0.03%             | 2035-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd             | Golub Capital Partners CLO 31M Ltd.                                                     | CUSIP: 38180JAE0<br>LEI: 254900IYMACYUBOF5J66 | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $996646.90    | 0.04%             | 2037-11-05      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| ENSTAR GROUP LTD                           | Enstar Group Ltd.                                                                       | CUSIP: 29359UAD1<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |   1300000 | PA      | $1355788.20   | 0.05%             | 2045-04-01      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| SIRIUSPOINT LTD                            | SiriusPoint Ltd.                                                                        | CUSIP: 82969BAA0<br>LEI: 549300OGXFI85N3YZZ51 | Long             | DBT              | CORP              | BM        |    960000 | PA      | $1014713.87   | 0.04%             | 2029-04-05      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MUTUAL OF OMAHA INS CO                     | Mutual of Omaha Insurance Co.                                                           | CUSIP: 628312AE0<br>LEI: P2LER0UPV1DKOU8RO042 | Long             | DBT              | CORP              | US        |    850000 | PA      | $877425.31    | 0.03%             | 2064-01-16      | Variable      | 6.14%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                               | Enbridge, Inc.                                                                          | CUSIP: 29250NCC7<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    906000 | PA      | $945687.60    | 0.04%             | 2034-04-05      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| HS WILDCAT LLC                             | HS Wildcat LLC                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   1967087 | PA      | $1447351.76   | 0.06%             | 2050-12-31      | Fixed         | 3.83%                 | No            |                  3 | On Loan: No      |
| STRIPS                                     | U.S. Treasury Bonds                                                                     | CUSIP: 912834NP9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22950000 | PA      | $9179730.80   | 0.36%             | 2044-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Owl Rock CLO Ltd                           | Owl Rock CLO I LLC                                                                      | CUSIP: 69121XAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2006661.60   | 0.08%             | 2036-02-20      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                      | Foreign Exchange EUR/USD                                                                | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |  21609000 | NC      | $54.30        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX Trust                                                                               | CUSIP: 67119CAA8<br>LEI: 254900Y1YRD8JNADSC78 | Long             | ABS-MBS          | CORP              | US        |    547833 | PA      | $555449.85    | 0.02%             | 2064-05-25      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| AP GRANGE HOLDINGS LLC                     | AP Grange Holdings LLC                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |   1400000 | PA      | $1456000.00   | 0.06%             | 2045-03-20      | Fixed         | 5.00%                 | No            |                  3 | On Loan: No      |
| New Residential Mortgage Loan              | New Residential Mortgage Loan Trust                                                     | CUSIP: 64832BAE5<br>LEI: 213800Z6O4V4V96AU133 | Long             | ABS-MBS          | CORP              | US        |   1413778 | PA      | $1417796.66   | 0.06%             | 2064-09-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3140QSAM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7050285 | PA      | $7023574.49   | 0.28%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AHG FUNDING 2024A                          | Akso Health Group                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $100.00       | 0.00%             | 2026-07-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan              | New Residential Mortgage Loan Trust                                                     | CUSIP: 64832CAC7<br>LEI: 2138002D8CMDYG7QOU84 | Long             | ABS-MBS          | CORP              | US        |   1284534 | PA      | $1297168.06   | 0.05%             | 2065-05-25      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                   | Sumitomo Mitsui Financial Group, Inc.                                                   | CUSIP: 86562MDL1<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $1010891.71   | 0.04%             | 2029-07-09      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                      | Tennessee Valley Authority                                                              | CUSIP: 880591DZ2<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    600000 | PA      | $609775.20    | 0.02%             | 2056-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TRITON CONTAINER                           | Triton Container International Ltd.                                                     | CUSIP: 89680YAC9<br>LEI: 549300O4LZFLCX53XZ54 | Long             | DBT              | CORP              | BM        |    930000 | PA      | $829345.53    | 0.03%             | 2031-06-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                               | Enbridge, Inc.                                                                          | CUSIP: 29250NBZ7<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    940000 | PA      | $1049747.12   | 0.04%             | 2053-11-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| FARMERS INS EXCH                           | Farmers Insurance Exchange                                                              | CUSIP: 309601AG7<br>LEI: 549300UWG2TLX1GZVT44 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2283600.31   | 0.09%             | 2064-10-15      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                | RCKT Mortgage Trust                                                                     | CUSIP: 74939FAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2022619 | PA      | $2049494.98   | 0.08%             | 2044-06-25      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                   | Greensaif Pipelines Bidco SARL                                                          | CUSIP: 39541EAD5<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |   1500000 | PA      | $1572826.35   | 0.06%             | 2036-02-23      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                     | NextEra Energy Capital Holdings, Inc.                                                   | CUSIP: 65339K837<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | EP               | CORP              | US        |     17450 | NS      | $449337.50    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BRITISH AIR 21-1 A PPT                     | British Airways Class A Pass Through Trust                                              | CUSIP: 11042CAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    692769 | PA      | $628706.20    | 0.02%             | 2035-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| UFC HOLDINGS LLC                           | TKO Group Holdings, Inc.                                                                | CUSIP: N/A<br>LEI: 549300JEOTH7UMZ3C491       | Long             | LON              | CORP              | US        |   5875000 | PA      | $5881403.75   | 0.23%             | 2031-11-21      | Variable      | 6.04%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                   | Madison Park Funding XLVIII Ltd.                                                        | CUSIP: 55821UAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4000000 | PA      | $4007717.20   | 0.16%             | 2033-04-19      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC        | 6-Month/5-Year Interest Rate Swap                                                       | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        | -11406250 | NC      | $-29114.68    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitiza             | Castlelake Aircraft Structured Trust                                                    | CUSIP: 14856GAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    397811 | PA      | $395358.30    | 0.02%             | 2046-01-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                        | JPMorgan Chase & Co.                                                                    | CUSIP: 48128BAN1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   2350000 | NS      | $2324231.78   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas                                | 6-Month/5-Year Interest Rate Swap                                                       | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        | -11406250 | NC      | $-28456.31    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NUVEEN LLC                                 | Nuveen LLC                                                                              | CUSIP: 67080LAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2262254.85   | 0.09%             | 2034-04-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                               | ING Groep N.V.                                                                          | CUSIP: 456837BS1<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $207476.10    | 0.01%             | 2036-03-25      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae                                 | Ginnie Mae                                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | USGA              | US        |  18906548 | PA      | $18777227.21  | 0.74%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                                | U.S. Treasury Bonds                                                                     | CUSIP: 912803GU1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  29000000 | PA      | $7659200.15   | 0.30%             | 2053-08-15      | None          | 0.00%                 | 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        |   3750000 | PA      | $3767232.38   | 0.15%             | 2033-08-20      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| FEDEX CORP                                 | FedEx Corp.                                                                             | CUSIP: 31428XCS3<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |    550000 | PA      | $430509.78    | 0.02%             | 2045-02-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential              | Starwood Mortgage Residential Trust                                                     | CUSIP: 85573AAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    554252 | PA      | $529361.82    | 0.02%             | 2050-02-25      | Variable      | 2.56%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                    | CF Hippolyta Issuer LLC                                                                 | CUSIP: 12530MAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    674589 | PA      | $469947.77    | 0.02%             | 2060-07-15      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX Trust                                                                               | CUSIP: 67118TAB0<br>LEI: 254900LSNFNEGAD7J679 | Long             | ABS-MBS          | CORP              | US        |   1919537 | PA      | $1937432.86   | 0.08%             | 2064-01-25      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| POLARIS INC                                | Polaris, Inc.                                                                           | CUSIP: 731068AA0<br>LEI: 549300QJSN8UVWN1EI78 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1114623.95   | 0.04%             | 2029-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX Trust                                                                               | CUSIP: 67118LAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    434790 | PA      | $433765.49    | 0.02%             | 2062-09-25      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                     | Marriott International, Inc.                                                            | CUSIP: 571903BX0<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1412462.88   | 0.06%             | 2035-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WESTERN & SOUTHERN LIFE                    | Western & Southern Life Insurance Co.                                                   | CUSIP: 95765PAE9<br>LEI: IN763J7JWIZ46OJ1T526 | Long             | DBT              | CORP              | US        |    470000 | PA      | $326135.79    | 0.01%             | 2061-04-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Military Housing B             | Freddie Mac Military Housing Bonds Resecuritization Trust Certificates                  | CUSIP: 35563CAA6<br>LEI: 549300ZG8WH0M4JSUM77 | Long             | ABS-MBS          | USGSE             | US        |   4244747 | PA      | $3737830.48   | 0.15%             | 2055-11-25      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| AP GRANGE HOLDINGS LLC                     | AP Grange Holdings LLC                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |  12900000 | PA      | $13609500.00  | 0.54%             | 2045-03-20      | Fixed         | 6.50%                 | No            |                  3 | On Loan: No      |
| HIGHMARK INC                               | Highmark, Inc.                                                                          | CUSIP: 431116AE2<br>LEI: 549300B6868ZXXEB2Y57 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1319521.83   | 0.05%             | 2031-05-10      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                | 1-Year/2-Year Interest Rate Swap                                                        | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        | -18250000 | NC      | $-49791.66    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac Military Housing B             | Freddie Mac Military Housing Bonds Resecuritization Trust Certificates                  | CUSIP: 35563CAB4<br>LEI: 549300ZG8WH0M4JSUM77 | Long             | ABS-MBS          | USGSE             | US        |   9671021 | PA      | $543313.10    | 0.02%             | 2055-11-25      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                            | United States Treasury Inflation Indexed Bonds                                          | CUSIP: 91282CKL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  24353542 | PA      | $25137349.72  | 1.00%             | 2029-04-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Altde Trust                                | ALTDE Trust                                                                             | CUSIP: 00166NAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2068222 | PA      | $2116683.56   | 0.08%             | 2050-08-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC        | 1-Year/2-Year Interest Rate Swap                                                        | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        | -15968750 | NC      | $-40203.24    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac                                                                             | CUSIP: 3137HMHR4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3676449 | PA      | $3680939.42   | 0.15%             | 2051-11-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                     | Canadian Imperial Bank of Commerce                                                      | CUSIP: 13607QFE7<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   1050000 | PA      | $1053449.34   | 0.04%             | 2031-09-08      | Variable      | 4.58%                 | 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        |   1156628 | PA      | $1104880.85   | 0.04%             | 2040-03-15      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC                     | Brookfield Finance, Inc.                                                                | CUSIP: 11271LAB8<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    650000 | PA      | $569586.21    | 0.02%             | 2047-09-20      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust               | GS Mortgage Securities Trust                                                            | CUSIP: 36257UAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13740205 | PA      | $350393.08    | 0.01%             | 2052-09-10      | Variable      | 0.93%                 | No            |                  2 | On Loan: No      |
| Cerberus                                   | Cerberus Loan Funding XL LLC                                                            | CUSIP: 15675AAA7<br>LEI: 635400FRD1HEGKSHCI69 | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $4516682.85   | 0.18%             | 2035-03-22      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                        | COMM Mortgage Trust                                                                     | CUSIP: 12593QBF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    844712 | PA      | $9.88         | 0.00%             | 2048-10-10      | Variable      | 0.87%                 | No            |                  2 | On Loan: No      |
| FAIRFAX FINL HLDGS LTD                     | Fairfax Financial Holdings Ltd.                                                         | CUSIP: 303901BW1<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1074828.05   | 0.04%             | 2055-05-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                        | Hotwire Funding LLC                                                                     | CUSIP: 44148JAA7<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1949297.60   | 0.08%             | 2051-11-20      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                   | Western Midstream Operating, LP                                                         | CUSIP: 958254AJ3<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   1140000 | PA      | $991669.53    | 0.04%             | 2048-03-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                          | 6-Month/5-Year Interest Rate Swap                                                       | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DIR              |  | GB        | -11406250 | NC      | $-36726.87    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OBRA CAPITAL INC                           | Obra Longevity                                                                          | CUSIP: N/A<br>LEI: 2549001PDYPC4244EX25       | Long             | ABS-O            | CORP              | US        |   5100000 | PA      | $5364139.97   | 0.21%             | 2039-06-30      | Fixed         | 8.48%                 | No            |                  3 | On Loan: No      |
| TRANSCANADA PIPELINES                      | TransCanada PipeLines Ltd.                                                              | CUSIP: 8935268Z9<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |    830000 | PA      | $992644.47    | 0.04%             | 2039-01-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                             | Fannie Mae-Aces                                                                         | CUSIP: 3136B9J32<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  17120223 | PA      | $1387681.35   | 0.05%             | 2035-03-25      | Variable      | 1.60%                 | No            |                  2 | On Loan: No      |
| REINSURANCE GRP OF AMER                    | Reinsurance Group of America, Inc.                                                      | CUSIP: 759351AT6<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |    500000 | PA      | $524845.50    | 0.02%             | 2055-09-15      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                          | PRPM LLC                                                                                | CUSIP: 69381DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1729761 | PA      | $1683175.16   | 0.07%             | 2054-05-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC                     | Brookfield Finance, Inc.                                                                | CUSIP: 11271LAJ1<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    620000 | PA      | $446125.56    | 0.02%             | 2052-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                   | Mill City Mortgage Loan Trust                                                           | CUSIP: 59982HAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2810000 | PA      | $2362727.24   | 0.09%             | 2060-11-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| MC Ltd                                     | MC Ltd.                                                                                 | CUSIP: 55283YAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | BM        |   2463968 | PA      | $2332132.93   | 0.09%             | 2035-11-05      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                      | U.S. Secured Overnight Financing Rate                                                   | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |  88800000 | OU      | $971816.54    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3136BWWS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5089920 | PA      | $5099787.50   | 0.20%             | 2053-01-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LVNV FUNDING LLC                           | LVNV Funding LLC                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   2900000 | PA      | $3044308.12   | 0.12%             | 2028-11-05      | Fixed         | 7.80%                 | No            |                  3 | On Loan: No      |
| FS KKR CAPITAL CORP                        | FS KKR Capital Corp.                                                                    | CUSIP: 302635AL1<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1739452.10   | 0.07%             | 2027-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| COBANK ACB                                 | CoBank ACB                                                                              | CUSIP: 19075QAG7<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | EP               | CORP              | US        |    500000 | NS      | $516300.42    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BGC GROUP INC                              | BGC Group, Inc.                                                                         | CUSIP: 088929AC8<br>LEI: 2549001IGRCG4F0RLD36 | Long             | DBT              | CORP              | US        |    930000 | PA      | $993051.17    | 0.04%             | 2028-05-25      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MIDCAP FUNDING XLVI TRUST                  | MidCap Funding XLVI Trust                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1350000.00   | 0.05%             | 2028-04-15      | Variable      | 6.72%                 | No            |                  3 | On Loan: No      |
| SOLRR Aircraft 2021-1 Limited              | Lunar Structured Aircraft Portfolio Notes                                               | CUSIP: 83438LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IE        |   2517710 | PA      | $2378529.31   | 0.09%             | 2046-10-15      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust               | GS Mortgage Securities Trust                                                            | CUSIP: 36264KBA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8000000 | PA      | $6609668.80   | 0.26%             | 2053-12-12      | Fixed         | 2.34%                 | No            |                  2 | On Loan: No      |
| KKR CORE HOLDING COMPANY LLC               | KKR Core Holding Company LLC                                                            | CUSIP: N/A<br>LEI: 5493007DXHDGV3QWWI42       | Long             | ABS-O            | CORP              | US        |   4548544 | PA      | $4223990.49   | 0.17%             | 2031-08-12      | Fixed         | 4.00%                 | No            |                  3 | On Loan: No      |
| Fortress Credit Opportunities              | Fortress Credit Opportunities IX CLO Ltd.                                               | CUSIP: 34961JBC7<br>LEI: 2549008RD44HDM6DNP14 | Long             | ABS-O            | CORP              | KY        |   3250000 | PA      | $3258049.28   | 0.13%             | 2033-10-15      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| BROOKLYN UNION GAS CO                      | Brooklyn Union Gas Co.                                                                  | CUSIP: 114259AQ7<br>LEI: 83BQ1DXS6VA5GZFK8S35 | Long             | DBT              | CORP              | US        |    640000 | PA      | $514721.38    | 0.02%             | 2048-03-15      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                | 6-Month/5-Year Interest Rate Swap                                                       | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        | -11406250 | NC      | $-18801.15    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage              | Citigroup Commercial Mortgage Trust                                                     | CUSIP: 17290XAY6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2409234 | PA      | $905.39       | 0.00%             | 2049-04-10      | Variable      | 1.76%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                  | 6-Month/5-Year Interest Rate Swap                                                       | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | CA        | -11406250 | NC      | $-37136.93    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ASSURED GUARANTY US HLDG                   | Assured Guaranty US Holdings, Inc.                                                      | CUSIP: 04621WAE0<br>LEI: 5493007YCE0652G9TZ64 | Long             | DBT              | CORP              | US        |    800000 | PA      | $572743.24    | 0.02%             | 2051-09-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC        | 6-Month/5-Year Interest Rate Swap                                                       | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        | -11406250 | NC      | $-19049.46    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| KKR GROUP FINANCE CO III                   | KKR Group Finance Company III LLC                                                       | CUSIP: 48250AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $94939.72     | 0.00%             | 2044-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                   | Greensaif Pipelines Bidco SARL                                                          | CUSIP: 39541EAE3<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |    800000 | PA      | $841326.53    | 0.03%             | 2042-08-23      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                   | Santander UK Group Holdings plc                                                         | CUSIP: 80281LAY1<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |   1260000 | PA      | $1248253.77   | 0.05%             | 2036-09-22      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| VONTIER CORP                               | Vontier Corp.                                                                           | CUSIP: 928881AF8<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |   2440000 | PA      | $2228683.78   | 0.09%             | 2031-04-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX Trust                                                                               | CUSIP: 67448NAB4<br>LEI: 254900RDM4XSF0B1E373 | Long             | ABS-MBS          | CORP              | US        |   1109590 | PA      | $1121174.40   | 0.04%             | 2064-01-25      | Variable      | 6.29%                 | No            |                  2 | On Loan: No      |
| ALLETE INC                                 | ALLETE, Inc.                                                                            | CUSIP: N/A<br>LEI: 549300NNLSIMY6Z8OT86       | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1940791.94   | 0.08%             | 2037-07-09      | Fixed         | 5.79%                 | No            |                  3 | On Loan: No      |
| Home Partners of America Trust             | Home Partners of America Trust                                                          | CUSIP: 43730XAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    898936 | PA      | $841514.86    | 0.03%             | 2041-01-17      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                     | BP Capital Markets plc                                                                  | CUSIP: 05565QDX3<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |   1350000 | PA      | $1398263.85   | 0.06%             | N/A             | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| STOLTHAVEN HOUSTON INC                     | Stolthaven Houston, Inc.                                                                | CUSIP: N/A<br>LEI: 549300HOCLTLXOR6FB90       | Long             | DBT              | CORP              | US        |   1960000 | PA      | $1989153.20   | 0.08%             | 2034-07-17      | Fixed         | 5.98%                 | No            |                  3 | On Loan: No      |
| UNIFORM MBS                                | Uniform MBS 15 Year                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |  21652218 | PA      | $21620887.24  | 0.86%             | 2025-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3140QSTU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5093642 | PA      | $5073230.74   | 0.20%             | 2053-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                       | Cross Mortgage Trust                                                                    | CUSIP: 22758PAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    911552 | PA      | $915205.03    | 0.04%             | 2070-03-25      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                      | Palmer Square CLO Ltd.                                                                  | CUSIP: 696924AN9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1450000 | PA      | $1458743.36   | 0.06%             | 2037-10-20      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                         | Vodafone Group plc                                                                      | CUSIP: 92857WBW9<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |   2550000 | PA      | $2385508.83   | 0.09%             | 2081-06-04      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| STADCO LA LLC                              | Stadco LA LLC                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1398550.10   | 0.06%             | 2056-05-15      | Fixed         | 3.75%                 | No            |                  3 | On Loan: No      |
| Verus Securitization Trust                 | Verus Securitization Trust                                                              | CUSIP: 92540EAC7<br>LEI: 984500A3F1D749452747 | Long             | ABS-MBS          | CORP              | US        |   2863170 | PA      | $2878538.83   | 0.11%             | 2069-01-25      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| AMAZON CONSERVATION DAC                    | Amazon Conservation DAC                                                                 | CUSIP: 02315JAA2<br>LEI: 635400VMJ6EGNYN3YK31 | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $1032500.00   | 0.04%             | 2042-01-16      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                        | Hotwire Funding LLC                                                                     | CUSIP: 44148JAK5<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $715686.09    | 0.03%             | 2054-06-20      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| EVERGY METRO                               | Evergy Metro, Inc.                                                                      | CUSIP: 30037DAE5<br>LEI: 1128SIJQ26096WL7IO82 | Long             | DBT              | CORP              | US        |   6025000 | PA      | $6088966.22   | 0.24%             | 2035-08-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3140QSFR7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1781768 | PA      | $1774275.81   | 0.07%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                 | Verus Securitization Trust                                                              | CUSIP: 92539DAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1105840 | PA      | $1108577.89   | 0.04%             | 2068-03-25      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                     | Switch ABS Issuer LLC                                                                   | CUSIP: 871044AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4020194.40   | 0.16%             | 2054-06-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| FAIRFAX FINL HLDGS LTD                     | Fairfax Financial Holdings Ltd.                                                         | CUSIP: 303901BV3<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |   2350000 | PA      | $2436338.44   | 0.10%             | 2035-05-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization             | AASET                                                                                   | CUSIP: 00258PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1004662 | PA      | $1026407.22   | 0.04%             | 2050-02-16      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                           | COLT Mortgage Loan Trust                                                                | CUSIP: 12665LAA2<br>LEI: 213800Z2Q6LED8DB8K38 | Long             | ABS-MBS          | CORP              | US        |    680183 | PA      | $687599.13    | 0.03%             | 2069-04-25      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC        | 1-Year/2-Year Interest Rate Swap                                                        | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        | -15968750 | NC      | $-38177.45    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC        | 6-Month/5-Year Interest Rate Swap                                                       | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        | -11406250 | NC      | $-28537.87    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FIGRE Trust                                | FIGRE Trust                                                                             | CUSIP: 31684HAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2064506 | PA      | $2110181.65   | 0.08%             | 2054-03-25      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                        | American Express Co.                                                                    | CUSIP: 025816EA3<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1010000 | PA      | $1012978.31   | 0.04%             | 2031-01-30      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                               | AES Corp.                                                                               | CUSIP: 00130HCC7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   1362000 | PA      | $1315185.28   | 0.05%             | 2030-07-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Navigator Aviation Ltd                     | Navigator 2025-1 Aviation Ltd.                                                          | CUSIP: 63943GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    900000 | PA      | $902872.80    | 0.04%             | 2050-10-15      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| PMH SPV - C LLC                            | Project Onyx II                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   1142708 | PA      | $1139057.25   | 0.05%             | 2027-01-26      | Variable      | 7.09%                 | No            |                  3 | On Loan: No      |
| Owl Rock CLO Ltd                           | Owl Rock CLO VII LLC                                                                    | CUSIP: 69121BAQ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2985000.00   | 0.12%             | 2038-04-20      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                         | Subway Funding LLC                                                                      | CUSIP: 864300AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1588000 | PA      | $1628847.01   | 0.06%             | 2054-07-30      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| LHOME Mortgage Trust                       | LHOME Mortgage Trust                                                                    | CUSIP: 50205WAA5<br>LEI: 529900ZQNJ23BIJVY871 | Long             | ABS-MBS          | CORP              | US        |   2200000 | PA      | $2208519.28   | 0.09%             | 2039-09-25      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| PHILLIPS 66 CO                             | Phillips 66 Co.                                                                         | CUSIP: 718547BA9<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |    987000 | PA      | $989640.23    | 0.04%             | 2056-03-15      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| INT DEVELOPMENT FIN CORP                   | U.S. International Development Finance Corp.                                            | CUSIP: 6903538C4<br>LEI: 254900QI8QTIK0FY6E92 | Long             | DBT              | USGSE             | US        |    800000 | PA      | $908125.01    | 0.04%             | 2026-01-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FORT MOORE FAMILY LLC                      | Fort Moore Family Communities LLC                                                       | CUSIP: 346845AK6<br>LEI: 254900O8GC3CHW0PH218 | Long             | DBT              | CORP              | US        |    848148 | PA      | $767267.64    | 0.03%             | 2051-01-15      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                         | BSPRT 2025-FL12 Issuer LLC                                                              | CUSIP: 05619BAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1196462.40   | 0.05%             | 2043-01-17      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| EQUITABLE HOLDINGS INC                     | Equitable Holdings, Inc.                                                                | CUSIP: 29452EAD3<br>LEI: 549300FIBAKMNHPZ4009 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2918339.20   | 0.12%             | 2055-03-28      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| BEACON FUNDING TRUST                       | Beacon Funding Trust                                                                    | CUSIP: 073952AB9<br>LEI: 984500A80A2EBF5A7C93 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1381493.10   | 0.05%             | 2054-08-15      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                   | Capital One Financial Corp.                                                             | CUSIP: 14040HDN2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1483502.19   | 0.06%             | 2036-09-11      | Variable      | 5.20%                 | No            |                  2 | On Loan: No      |
| Wingstop Funding LLC                       | Wingstop Funding LLC                                                                    | CUSIP: 974153AD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    248125 | PA      | $240408.26    | 0.01%             | 2052-03-05      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3136BWU53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5417187 | PA      | $5420841.80   | 0.21%             | 2053-11-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SWISS RE FINANCE LUX                       | Swiss Re Finance Luxembourg S.A.                                                        | CUSIP: 87089NAA8<br>LEI: 549300CLQZ6TM98LW631 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $201516.39    | 0.01%             | 2049-04-02      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BOARDWALK PIPELINES LP                     | Boardwalk Pipelines, LP                                                                 | CUSIP: 096630AK4<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2075164.78   | 0.08%             | 2034-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| REINSURANCE GRP OF AMER                    | Reinsurance Group of America, Inc.                                                      | CUSIP: 759351AS8<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1829585.45   | 0.07%             | 2034-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Station Place Securitization T             | Station Place Securitization Trust                                                      | CUSIP: 85779EAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1500000.00   | 0.06%             | 2025-11-17      | Floating      | 5.45%                 | No            |                  3 | On Loan: No      |
| The Toronto-Dominion Bank                  | 9-Month/5-Year Interest Rate Swap                                                       | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | US        |  35955000 | NC      | $453768.28    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BLUE OWL GP STAKES IV                      | Blue Owl IV                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   2288000 | PA      | $2288000.00   | 0.09%             | 2045-09-04      | Fixed         | 5.94%                 | No            |                  3 | On Loan: No      |
| NUSTAR LOGISTICS LP                        | NuStar Logistics, LP                                                                    | CUSIP: 67059TAH8<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    169000 | PA      | $175015.39    | 0.01%             | 2030-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BLUE OWL GP STAKES III                     | Dyal Capital Partners III                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   1111369 | PA      | $1054410.39   | 0.04%             | 2040-06-15      | Fixed         | 4.40%                 | No            |                  3 | On Loan: No      |
| DNB BANK ASA                               | DNB Bank ASA                                                                            | CUSIP: 23341CAG8<br>LEI: 549300GKFG0RYRRQ1414 | Long             | DBT              | CORP              | NO        |   1000000 | PA      | $1011454.59   | 0.04%             | 2030-11-05      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Treman Park CLO Ltd                        | Treman Park CLO Ltd.                                                                    | CUSIP: 89473MAD4<br>LEI: 549300E4DX3Q8L455K94 | Long             | ABS-O            | CORP              | KY        |    162950 | PA      | $457.89       | 0.00%             | 2028-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Li             | Textainer Marine Containers VII Ltd.                                                    | CUSIP: 88315LAQ1<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | BM        |   1273933 | PA      | $1194692.39   | 0.05%             | 2046-04-20      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                        | SkyMiles IP Ltd.                                                                        | CUSIP: N/A<br>LEI: 2549008L7P4I8VB90936       | Long             | LON              | CORP              | KY        |    469137 | PA      | $469197.72    | 0.02%             | 2027-10-20      | Variable      | 8.08%                 | No            |                  2 | On Loan: No      |
| GATX CORP                                  | GATX Corp.                                                                              | CUSIP: 361448BR3<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |    628000 | PA      | $652602.35    | 0.03%             | 2054-06-05      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                    | CF Hippolyta Issuer LLC                                                                 | CUSIP: 12530MAM7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2674679 | PA      | $2560886.32   | 0.10%             | 2062-08-15      | Fixed         | 6.11%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                      | U.S. Secured Overnight Financing Rate                                                   | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |  98748000 | OU      | $25033.60     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential              | Starwood Mortgage Residential Trust                                                     | CUSIP: 85573AAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    554252 | PA      | $529786.37    | 0.02%             | 2050-02-25      | Variable      | 2.41%                 | No            |                  2 | On Loan: No      |
| Securitized Asset Backed Recei             | Securitized Asset-Backed Receivables LLC Trust                                          | CUSIP: 81377AAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1297869 | PA      | $508340.90    | 0.02%             | 2036-07-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| Provident Funding Mortgage Tru             | Provident Funding Mortgage Trust                                                        | CUSIP: 74388NAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2659569 | PA      | $2673640.14   | 0.11%             | 2055-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| STORE Master Funding LLC                   | STORE Master Funding LLC                                                                | CUSIP: 86190BAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1957500 | PA      | $1671397.44   | 0.07%             | 2051-06-20      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| Service Experts Issuer                     | Service Experts Issuer 2025-1 LLC                                                       | CUSIP: 81758JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1251426 | PA      | $1255732.19   | 0.05%             | 2037-01-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE              | Ohio Housing Finance Agency Revenue Bonds                                               | CUSIP: 67756Q8A8<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1252385.46   | 0.05%             | 2054-09-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                      | Foreign Exchange EUR/USD                                                                | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |   6483000 | NC      | $19.11        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ORACLE CORP                                | Oracle Corp.                                                                            | CUSIP: 68389XDT9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    475000 | PA      | $474125.23    | 0.02%             | 2065-09-26      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                         | Tricon Residential Trust                                                                | CUSIP: 895978AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1350000 | PA      | $1354294.22   | 0.05%             | 2040-12-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                   | JP Morgan Mortgage Trust                                                                | CUSIP: 46658UAE1<br>LEI: 529900DB310G9HU4BP72 | Long             | ABS-MBS          | CORP              | US        |   1126760 | PA      | $1142748.74   | 0.05%             | 2055-06-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F             | Tarrant County Cultural Education Facilities Finance Corp. Revenue Bonds                | CUSIP: 87638QRH4<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1718081.40   | 0.07%             | 2040-09-01      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| EAGLE POINT HOLDINGS BORROWER LLC          | Eagle Point Holdings Borrower, LLC                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1150000 | PA      | $1150000.00   | 0.05%             | 2028-03-31      | Variable      | 8.06%                 | No            |                  3 | On Loan: No      |
| Verus Securitization Trust                 | Verus Securitization Trust                                                              | CUSIP: 92540TAC4<br>LEI: 213800JOKZMXZECMAB50 | Long             | ABS-MBS          | CORP              | US        |   1445527 | PA      | $1455703.24   | 0.06%             | 2070-01-25      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| TVA PRIN STRIP                             | Tennessee Valley Authority Principal Strips                                             | CUSIP: 88059FBM2<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   1583000 | PA      | $1015397.94   | 0.04%             | 2035-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                         | Subway Funding LLC                                                                      | CUSIP: 864300AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2034625 | PA      | $2123797.73   | 0.08%             | 2054-07-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                   | BENCHMARK Mortgage Trust                                                                | CUSIP: 08162YAK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17232604 | PA      | $359796.09    | 0.01%             | 2062-12-15      | Variable      | 0.89%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac                                                                             | CUSIP: 3137HMA67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1431367 | PA      | $1445106.88   | 0.06%             | 2053-04-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                              | Citigroup, Inc.                                                                         | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1050567.61   | 0.04%             | 2031-09-11      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                       | FirstKey Homes Trust                                                                    | CUSIP: 33767JBA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $895991.22    | 0.04%             | 2037-10-19      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                           | COLT Mortgage Loan Trust                                                                | CUSIP: 12665LAC8<br>LEI: 213800Z2Q6LED8DB8K38 | Long             | ABS-MBS          | CORP              | US        |    309275 | PA      | $311950.02    | 0.01%             | 2069-04-25      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3140J1R26<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1717295 | PA      | $1242930.68   | 0.05%             | 2050-10-01      | Fixed         | 2.11%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                    | Capital Automotive REIT                                                                 | CUSIP: 12510HAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1223177 | PA      | $1192580.04   | 0.05%             | 2050-02-15      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| Cerberus                                   | Cerberus Loan Funding 52 LLC                                                            | CUSIP: 15675MAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2900000 | PA      | $2910065.03   | 0.12%             | 2037-10-15      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS INC               | Wyndham Hotels & Resorts, Inc.                                                          | CUSIP: N/A<br>LEI: 549300FE3MQ4RVXXC673       | Long             | LON              | CORP              | US        |   4937500 | PA      | $4951621.25   | 0.20%             | 2030-05-24      | Variable      | 5.91%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                   | Angel Oak Mortgage Trust                                                                | CUSIP: 03465WAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1221485 | PA      | $1211412.43   | 0.05%             | 2067-09-26      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                   | Madison Park Funding LXXI Ltd.                                                          | CUSIP: 55817DAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2500000 | PA      | $2496250.00   | 0.10%             | 2038-04-23      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                           | COLT Mortgage Loan Trust                                                                | CUSIP: 12598WAC6<br>LEI: 213800EHDFO4A3F7P416 | Long             | ABS-MBS          | CORP              | US        |   2521519 | PA      | $2562017.89   | 0.10%             | 2068-10-25      | Variable      | 7.62%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                  | ONEOK, Inc.                                                                             | CUSIP: 682680DD2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    725000 | PA      | $736252.24    | 0.03%             | 2055-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru             | Vista Point Securitization Trust                                                        | CUSIP: 92841WAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2300946 | PA      | $2311399.50   | 0.09%             | 2055-01-25      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP                    | Australia & New Zealand Banking Group Ltd.                                              | CUSIP: 052528AV8<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |   2170000 | PA      | $2251342.47   | 0.09%             | 2036-06-18      | Variable      | 5.82%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                      | Athene Global Funding                                                                   | CUSIP: 04685A2Y6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1045310.10   | 0.04%             | 2031-06-07      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                    | GLP Capital Limited Partnership / GLP Financing II, Inc.                                | CUSIP: 361841AQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3510000 | PA      | $3359483.83   | 0.13%             | 2031-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                      | U.S. Secured Overnight Financing Rate                                                   | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |  32600000 | OU      | $490455.26    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | U.S. Treasury Notes                                                                     | CUSIP: 91282CLJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  44220000 | PA      | $44019628.13  | 1.74%             | 2031-08-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                     | Canyon Capital CLO Ltd.                                                                 | CUSIP: 13875LAQ1<br>LEI: 549300W778MFSPI8C872 | Long             | ABS-O            | CORP              | KY        |   1900000 | PA      | $1901500.81   | 0.08%             | 2031-01-30      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PARTNERS II LLC             | Venture Global Calcasieu Pass LLC                                                       | CUSIP: N/A<br>LEI: 549300GKHS6RS20NLH85       | Long             | LON              | CORP              | US        |    312176 | PA      | $311982.69    | 0.01%             | 2026-08-19      | Variable      | 7.14%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                         | Tricon Residential Trust                                                                | CUSIP: 895974AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3050000 | PA      | $3054334.05   | 0.12%             | 2042-03-17      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT             | California Statewide Communities Development Authority Revenue Bonds                    | CUSIP: 13080SL93<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1226921.44   | 0.05%             | 2047-08-15      | Fixed         | 7.14%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                               | Enbridge, Inc.                                                                          | CUSIP: 29250NCK9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    800000 | PA      | $825010.76    | 0.03%             | 2035-06-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                         | Macquarie Bank Ltd.                                                                     | CUSIP: 556079AG6<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |   5450000 | PA      | $5520653.20   | 0.22%             | 2036-08-13      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| ACCIDENT FUND INS CO AM                    | Accident Fund Insurance Company of America                                              | CUSIP: 00452AAA8<br>LEI: 2549009NUX96RJZ6DQ30 | Long             | DBT              | CORP              | US        |   2450000 | PA      | $2471157.91   | 0.10%             | 2032-08-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NASSAU COMPANIES OF NY                     | Nassau Companies of New York                                                            | CUSIP: 63155AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $765986.25    | 0.03%             | 2030-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PS HOLDINGS INDEPENDENT VOTING COMPANY LTD | Pershing Square Holdings Ltd.                                                           | CUSIP: N/A<br>LEI: U7LC4KOKCTZ0YWGI2G56       | Long             | DBT              | CORP              | GG        |   4000000 | PA      | $3681931.96   | 0.15%             | 2030-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Owl Rock CLO Ltd                           | Owl Rock CLO III Ltd.                                                                   | CUSIP: 69120DAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1250000 | PA      | $1247332.00   | 0.05%             | 2036-04-20      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                         | BSPRT Issuer LLC                                                                        | CUSIP: 05613RAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $995648.80    | 0.04%             | 2039-07-15      | Floating      | 6.44%                 | No            |                  2 | On Loan: No      |
| SOFTBANK CORP                              | SoftBank Corp.                                                                          | CUSIP: 83405KAB8<br>LEI: 353800M1YCTS9JRBJ535 | Long             | DBT              | CORP              | JP        |   2600000 | PA      | $2621561.67   | 0.10%             | 2035-07-09      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus             | BRAVO Residential Funding Trust                                                         | CUSIP: 10569PAA4<br>LEI: 254900AZU85EXAPTTF77 | Long             | ABS-MBS          | CORP              | US        |   1949036 | PA      | $1967142.60   | 0.08%             | 2055-02-25      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Commercial Mortgage Trust                                                            | CUSIP: 12433CAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    936195 | PA      | $938828.26    | 0.04%             | 2039-08-15      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| CITADEL SECURITIES GLOBAL HOLDINGS LLC     | Citadel Securities, LP                                                                  | CUSIP: N/A<br>LEI: 549300NV5RXBUS3X7L47       | Long             | LON              | CORP              | US        |   5188336 | PA      | $5196793.45   | 0.21%             | 2031-10-31      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| TVA PRIN STRIP                             | Tennessee Valley Authority Principal Strips                                             | CUSIP: 88059FBW0<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   1600000 | PA      | $660710.40    | 0.03%             | 2042-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC        | CURRENCY CONTRACT - Rec EUR / Deliver USD                                               | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |    727000 | NC      | $-5171.56     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus             | BRAVO Residential Funding Trust                                                         | CUSIP: 105933AC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1585418 | PA      | $1571316.62   | 0.06%             | 2062-05-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| HPS Private Credit CLO                     | HPS Private Credit CLO 2025-3 LLC                                                       | CUSIP: 40445YAA2<br>LEI: 254900WC9JHPFFXUKB77 | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1505253.00   | 0.06%             | 2037-07-20      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| UBS AG                                     | Foreign Exchange USD/JPY                                                                | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |   3415000 | NC      | $7222.42      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TPG OPERATING GROUP II                     | TPG Operating Group II, LP                                                              | CUSIP: 872652AB8<br>LEI: 2549001H9RJQNZT7MU11 | Long             | DBT              | CORP              | US        |   3850000 | PA      | $3859923.11   | 0.15%             | 2036-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                                | U.S. Treasury Bonds                                                                     | CUSIP: 912803FY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 167110000 | PA      | $48416573.08  | 1.92%             | 2051-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SVC ABS LLC                                | SVC ABS LLC                                                                             | CUSIP: 78487JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3208021 | PA      | $3190493.82   | 0.13%             | 2053-02-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                         | Energy Transfer, LP                                                                     | CUSIP: 29273VBF6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1006006.68   | 0.04%             | 2055-04-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Cerberus                                   | Cerberus Loan Funding XLIV LLC                                                          | CUSIP: 15674DAA2<br>LEI: 6354005DPIRML7EMPA20 | Long             | ABS-O            | CORP              | US        |   8900000 | PA      | $9042702.60   | 0.36%             | 2036-01-15      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX Trust                                                                               | CUSIP: 67120VAC9<br>LEI: 2549006BC0G3YEF5SL09 | Long             | ABS-MBS          | CORP              | US        |   1156661 | PA      | $1164709.46   | 0.05%             | 2064-11-25      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                     | Switch ABS Issuer LLC                                                                   | CUSIP: 871044AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $815562.72    | 0.03%             | 2054-03-25      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac                                                                             | CUSIP: 3137HJWE3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2248563 | PA      | $2281052.98   | 0.09%             | 2053-07-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Nassau 2019 CFO LLC                        | Nassau LLC                                                                              | CUSIP: 63172DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    337373 | PA      | $321317.54    | 0.01%             | 2034-08-15      | Fixed         | 3.98%                 | Yes           |                  2 | On Loan: No      |
| DB Master Finance LLC                      | DB Master Finance LLC                                                                   | CUSIP: 233046AK7<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   1175000 | PA      | $1170791.27   | 0.05%             | 2049-05-20      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus             | BRAVO Residential Funding Trust                                                         | CUSIP: 10567MAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1012167 | PA      | $1025791.55   | 0.04%             | 2063-10-25      | Variable      | 7.10%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION SOFTWARE                     | Constellation Software, Inc.                                                            | CUSIP: 21037XAD2<br>LEI: 549300B6PYHMCTDWQV29 | Long             | DBT              | CORP              | CA        |    350000 | PA      | $357547.31    | 0.01%             | 2034-02-16      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| CNO FINANCIAL GROUP INC                    | CNO Financial Group, Inc.                                                               | CUSIP: 12621E301<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EP               | CORP              | US        |     47725 | NS      | $963567.75    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX Trust                                                                               | CUSIP: 673921AC6<br>LEI: 2549007JKD4UEFDCFB08 | Long             | ABS-MBS          | CORP              | US        |   2436740 | PA      | $2476777.35   | 0.10%             | 2063-10-25      | Variable      | 7.66%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac                                                                             | CUSIP: 3142GSVG0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1913804 | PA      | $1948772.29   | 0.08%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BELVOIR LAND LLC                           | Belvoir Land LLC                                                                        | CUSIP: 081331AH3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $990126.00    | 0.04%             | 2035-12-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Blue Stream Issuer, LLC                    | Blue Stream Issuer LLC                                                                  | CUSIP: 09606BAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1011414.60   | 0.04%             | 2054-11-20      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX Trust                                                                               | CUSIP: 67118XAB1<br>LEI: 254900LMIQVUH9BFZJ05 | Long             | ABS-MBS          | CORP              | US        |    660269 | PA      | $670317.07    | 0.03%             | 2064-02-25      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                  | Towd Point Mortgage Trust                                                               | CUSIP: 89181XAM3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    461700 | PA      | $465127.43    | 0.02%             | 2063-07-25      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                  | ONEOK, Inc.                                                                             | CUSIP: 682680CW1<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    860000 | PA      | $815383.92    | 0.03%             | 2044-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| ServiceMaster Brands                       | ServiceMaster Funding LLC                                                               | CUSIP: 81761TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3751840 | PA      | $3535108.96   | 0.14%             | 2051-01-30      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| BLUE OWL GP STAKES III                     | Dyal Capital Partners III                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    638631 | PA      | $605899.94    | 0.02%             | 2040-06-15      | Fixed         | 4.40%                 | No            |                  3 | On Loan: No      |
| VNOM SUB INC                               | Vnom Sub, Inc.                                                                          | CUSIP: 92763MAA3<br>LEI: 5299009LINL232255G03 | Long             | DBT              | CORP              | US        |    218000 | PA      | $218038.15    | 0.01%             | 2027-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Babson CLO Ltd                             | Babson CLO Ltd.                                                                         | CUSIP: 05618HAE5<br>LEI: 549300SCEOLR3BTPYX35 | Long             | ABS-O            | CORP              | KY        |    650000 | PA      | $65.00        | 0.00%             | 2025-07-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DRAFTKINGS INC                             | DK Crown Holdings, Inc.                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3291750 | PA      | $3285594.43   | 0.13%             | 2032-03-04      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Owl Rock CLO Ltd                           | Owl Rock CLO III Ltd.                                                                   | CUSIP: 69120DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   5500000 | PA      | $5530521.15   | 0.22%             | 2036-04-20      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi             | Carlyle US CLO                                                                          | CUSIP: 142914AE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $1005759.90   | 0.04%             | 2037-07-20      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| Sonic Capital LLC                          | Sonic Capital LLC                                                                       | CUSIP: 83546DAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2159354 | PA      | $2128108.10   | 0.08%             | 2050-01-20      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                | Oracle Corp.                                                                            | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2475000 | PA      | $2488628.41   | 0.10%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| TIF Funding III LLC                        | TIF Funding III LLC                                                                     | CUSIP: 88655AAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2440625 | PA      | $2448184.84   | 0.10%             | 2049-04-20      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| STRATEGIC PARTNERS FUND VIII LP            | Strategic Partners Fund VIII, LP                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | KY        |   2075789 | PA      | $2064700.25   | 0.08%             | 2026-03-10      | Variable      | 6.92%                 | No            |                  3 | On Loan: No      |
| Stack Infrastructure Issuer LL             | Stack Infrastructure Issuer LLC                                                         | CUSIP: 85236KAF9<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1004094.00   | 0.04%             | 2048-03-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP                            | Nordea Bank Abp                                                                         | CUSIP: 65558RAH2<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   1000000 | PA      | $1014270.53   | 0.04%             | 2029-09-10      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Military Housing B             | Freddie Mac Military Housing Bonds Resecuritization Trust Certificates                  | CUSIP: 35563CAS7<br>LEI: 549300ZG8WH0M4JSUM77 | Long             | ABS-MBS          | USGSE             | US        |   2606810 | PA      | $2373901.91   | 0.09%             | 2052-11-25      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| SMITHFIELD FOODS INC                       | Smithfield Foods, Inc.                                                                  | CUSIP: 832248BB3<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1215991.66   | 0.05%             | 2029-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| QUALITYTECH LP                             | QTS Corp.                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |  11250000 | PA      | $11252489.06  | 0.45%             | 2032-08-21      | Fixed         | 5.42%                 | No            |                  3 | On Loan: No      |
| CVS HEALTH CORP                            | CVS Health Corp.                                                                        | CUSIP: 126650EL0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    325000 | PA      | $334500.12    | 0.01%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| SUMITOMO LIFE INSUR                        | Sumitomo Life Insurance Co.                                                             | CUSIP: 86564CAC4<br>LEI: 549300I5OQCDADQSPI57 | Long             | DBT              | CORP              | JP        |   2500000 | PA      | $2315607.00   | 0.09%             | 2081-04-15      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| BOSTON GAS COMPANY                         | Boston Gas Co.                                                                          | CUSIP: 100743AP8<br>LEI: FN7P4E7K9JOBORDEUX61 | Long             | DBT              | CORP              | US        |    550000 | PA      | $580129.46    | 0.02%             | 2035-01-10      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| AQUILA FDG LLC FDG_24-1                    | Endo Luxembourg Finance Co I SARL / Endo US, Inc.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   1300000 | PA      | $1354010.16   | 0.05%             | 2045-09-30      | Fixed         | 7.40%                 | No            |                  3 | On Loan: No      |
| SAFEHOLD GL HOLDINGS LLC                   | Safehold GL Holdings LLC                                                                | CUSIP: 785931AB2<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              | CORP              | US        |    284000 | PA      | $290615.94    | 0.01%             | 2035-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac                                                                             | CUSIP: 3133KRFC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3216899 | PA      | $3272292.18   | 0.13%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX Trust                                                                               | CUSIP: 67118HAD2<br>LEI: 254900OHTVKDKZL33I54 | Long             | ABS-MBS          | CORP              | US        |    335024 | PA      | $337146.98    | 0.01%             | 2063-12-25      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga             | MF1 Multifamily Housing Mortgage Loan Trust                                             | CUSIP: 55283TAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4000000 | PA      | $3996777.20   | 0.16%             | 2036-07-16      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| Falcon Aerospace Ltd                       | Falcon Aerospace Ltd.                                                                   | CUSIP: 30605YAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     14376 | PA      | $14333.01     | 0.00%             | 2042-02-15      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                | Uniform MBS 30 Year                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |  72005000 | PA      | $60717208.18  | 2.41%             | 2025-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                         | Credit Agricole S.A.                                                                    | CUSIP: 22535WAM9<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    990000 | PA      | $996867.41    | 0.04%             | 2028-09-11      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| NEVADA POWER CO                            | Nevada Power Co.                                                                        | CUSIP: 641423BP2<br>LEI: MJZFGXRJ52U8U4MKJ519 | Long             | DBT              | CORP              | US        |    500000 | PA      | $560953.37    | 0.02%             | 2036-04-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| CITADEL ENTERPRISE AMERICAS LLC            | Ceamer Finance LLC                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   2123479 | PA      | $2182138.36   | 0.09%             | 2039-11-15      | Fixed         | 6.79%                 | No            |                  3 | On Loan: No      |
| HERC HOLDINGS INC                          | Herc Holdings, Inc.                                                                     | CUSIP: N/A<br>LEI: 549300TP80QLITMSBP82       | Long             | LON              | CORP              | US        |   2500000 | PA      | $2509375.00   | 0.10%             | 2032-05-20      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                                   | BXMT Ltd.                                                                               | CUSIP: 12434LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    678230 | PA      | $675173.90    | 0.03%             | 2038-02-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                   | Charter Communications Operating LLC / Charter Communications Operating Capital         | CUSIP: 161175CA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2148000 | PA      | $1454823.90   | 0.06%             | 2052-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                      | U.S. Secured Overnight Financing Rate                                                   | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |  90000000 | OU      | $1337757.30   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX Trust                                                                               | CUSIP: 67117YAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    688080 | PA      | $688079.73    | 0.03%             | 2062-09-25      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                        | Sound Point CLO XXIV                                                                    | CUSIP: 83614NAQ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    500000 | PA      | $500779.90    | 0.02%             | 2034-10-25      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| Owl Rock CLO Ltd                           | Owl Rock CLO XVI LLC                                                                    | CUSIP: 69120YAC9<br>LEI: 254900BHMAVJ8X5TCA77 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1004942.10   | 0.04%             | 2036-04-20      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                    | Jefferies Financial Group, Inc.                                                         | CUSIP: 47233WEJ4<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1754274.25   | 0.07%             | 2034-04-14      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX 2025-NQM13 Trust                                                                    | CUSIP: 67121UAB2<br>LEI: 254900FPAGVH6E25VL74 | Long             | ABS-MBS          | CORP              | US        |    528923 | PA      | $533034.75    | 0.02%             | 2065-05-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| WENDYS FUNDING LLC                         | Wendy's Funding LLC                                                                     | CUSIP: 95058XAG3<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |   1291790 | PA      | $1284066.45   | 0.05%             | 2049-06-15      | Fixed         | 3.78%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                       | Royal Bank of Canada                                                                    | CUSIP: 78017DAK4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1040000 | PA      | $1048089.57   | 0.04%             | 2029-08-06      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                | Foreign Exchange EUR/USD                                                                | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |   9047000 | NC      | $15457.98     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| STRIPS                                     | U.S. Treasury Bonds                                                                     | CUSIP: 912834PZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10550000 | PA      | $3856565.90   | 0.15%             | 2046-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                           | Societe Generale S.A.                                                                   | CUSIP: 83368RBJ0<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1300000 | PA      | $1182681.64   | 0.05%             | 2033-01-21      | Variable      | 3.34%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                        | Hotwire Funding LLC                                                                     | CUSIP: 44148JAH2<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |   1950000 | PA      | $1982988.15   | 0.08%             | 2054-06-20      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                   | JP Morgan Mortgage Trust                                                                | CUSIP: 46592XAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2887097 | PA      | $2699968.12   | 0.11%             | 2052-04-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Wellfleet CLO Ltd                          | Wellfleet CLO Ltd.                                                                      | CUSIP: 94949FAN3<br>LEI: 2549008BRKHJZB917M86 | Long             | ABS-O            | CORP              | KY        |    750000 | PA      | $753172.73    | 0.03%             | 2037-10-18      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| SAFEHOLD GL HOLDINGS LLC                   | Safehold GL Holdings LLC                                                                | CUSIP: 78646UAA7<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              | CORP              | US        |   1771000 | PA      | $1621510.23   | 0.06%             | 2031-06-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Anchorage Credit Funding Ltd.              | Anchorage Credit Funding 13 Ltd.                                                        | CUSIP: 03290AAJ9<br>LEI: 549300N5JCR10GGBIT41 | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $952711.60    | 0.04%             | 2039-07-27      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac                                                                             | CUSIP: 3133KQWZ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3813174 | PA      | $3798122.21   | 0.15%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLI Funding LLC                            | CLI Funding VI LLC                                                                      | CUSIP: 12563LAN7<br>LEI: 549300NQLBWJD5AREU05 | Long             | ABS-O            | CORP              | US        |    840910 | PA      | $786925.95    | 0.03%             | 2045-09-18      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                           | NTT Finance Corp.                                                                       | CUSIP: 62954WAV7<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    550000 | PA      | $568913.34    | 0.02%             | 2035-07-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                      | Foreign Exchange EUR/USD                                                                | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |  18269000 | NC      | $30704.84     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                       | Cross Mortgage Trust                                                                    | CUSIP: 22757CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2750316 | PA      | $2771138.83   | 0.11%             | 2069-11-25      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| TPG OPERATING GROUP II                     | TPG Operating Group II, LP                                                              | CUSIP: 872652AA0<br>LEI: 2549001H9RJQNZT7MU11 | Long             | DBT              | CORP              | US        |   2060000 | PA      | $2172881.41   | 0.09%             | 2034-03-05      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KUVARE US HOLDINGS INC                     | Kuvare US Holdings, Inc.                                                                | CUSIP: 50149XAA2<br>LEI: 254900MGBERNLZXF7O58 | Long             | EP               | CORP              | US        |    681000 | NS      | $677785.68    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3140J05S5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1944428 | PA      | $1385453.89   | 0.05%             | 2050-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                        | Intesa Sanpaolo SpA                                                                     | CUSIP: 46115HCF2<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    860000 | PA      | $1062553.52   | 0.04%             | 2053-11-28      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                 | MFRA Trust                                                                              | CUSIP: 552747AD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $660544.63    | 0.03%             | 2056-01-25      | Variable      | 2.29%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                   | Greensaif Pipelines Bidco SARL                                                          | CUSIP: 39541EAA1<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |    350000 | PA      | $372587.47    | 0.01%             | 2038-02-23      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                   | British Telecommunications plc                                                          | CUSIP: 11102AAG6<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |   2900000 | PA      | $2781628.09   | 0.11%             | 2081-11-23      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| AASET 2021-2 Trust                         | AASET Trust                                                                             | CUSIP: 00258BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2649637 | PA      | $2496710.75   | 0.10%             | 2047-01-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| CMFT Net Lease Master Issuer L             | CMFT Net Lease Master Issuer LLC                                                        | CUSIP: 12575AAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3570000 | PA      | $3100977.33   | 0.12%             | 2051-07-20      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                                | MetLife, Inc.                                                                           | CUSIP: 59156RCQ9<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   2350000 | PA      | $2496795.10   | 0.10%             | 2055-03-15      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                | Uniform MBS 30 Year                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |  16050000 | PA      | $16177453.05  | 0.64%             | 2025-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Station Place Securitization T             | Station Place Securitization Trust                                                      | CUSIP: 857942AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3800000 | PA      | $3800000.00   | 0.15%             | 2026-07-12      | Floating      | 5.87%                 | No            |                  3 | On Loan: No      |
| FS Rialto Issuer Ltd                       | FS Rialto                                                                               | CUSIP: 30319YAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2447811 | PA      | $2443593.92   | 0.10%             | 2038-05-16      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                | Foreign Exchange EUR/USD                                                                | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DFE              |  | US        |   1253000 | NC      | $3.70         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BROOKFIELD CAPITAL FIN                     | Brookfield Capital Finance LLC                                                          | CUSIP: 11259NAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1040000 | PA      | $1119872.64   | 0.04%             | 2033-06-14      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| TVA PRIN STRIP                             | Tennessee Valley Authority Principal Strips                                             | CUSIP: 88059EN59<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |  12156000 | PA      | $3709196.75   | 0.15%             | 2048-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                    | GLP Capital Limited Partnership / GLP Financing II, Inc.                                | CUSIP: 361841AL3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    900000 | PA      | $916459.20    | 0.04%             | 2029-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                    | TRTX Issuer Ltd.                                                                        | CUSIP: 897764AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4200000 | PA      | $4193066.22   | 0.17%             | 2042-09-18      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| NIPPON LIFE INSURANCE                      | Nippon Life Insurance Co.                                                               | CUSIP: 654579AH4<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |   8150000 | PA      | $7333676.44   | 0.29%             | 2051-01-21      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                        | Hotwire Funding LLC                                                                     | CUSIP: 44148HAA1<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |   1005000 | PA      | $1015662.05   | 0.04%             | 2053-05-20      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                      | Tennessee Valley Authority                                                              | CUSIP: 880591FC1<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   4200000 | PA      | $4195254.00   | 0.17%             | 2055-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AHG FUNDING 2024A                          | Akso Health Group                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   1987562 | PA      | $2049213.58   | 0.08%             | 2044-12-31      | Fixed         | 7.27%                 | No            |                  3 | On Loan: No      |
| WESTPAC BANKING CORP                       | Westpac Banking Corp.                                                                   | CUSIP: 961214EX7<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   1200000 | PA      | $1070270.21   | 0.04%             | 2036-11-18      | Variable      | 3.02%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T             | EFMT                                                                                    | CUSIP: 26846VAA2<br>LEI: 254900CMJGXNT3R7H775 | Long             | ABS-MBS          | CORP              | US        |   4110973 | PA      | $4160431.04   | 0.16%             | 2060-01-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3136BWB21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5937183 | PA      | $5944135.20   | 0.24%             | 2051-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENSTAR GROUP LTD                           | Enstar Group Ltd.                                                                       | CUSIP: 29359UAC3<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |   1170000 | PA      | $1044985.13   | 0.04%             | 2031-09-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus             | CSAIL Commercial Mortgage Trust                                                         | CUSIP: 22945DAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10815740 | PA      | $283600.60    | 0.01%             | 2052-03-15      | Variable      | 1.16%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Commercial Mortgage Trust                                                            | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    983005 | PA      | $984848.11    | 0.04%             | 2039-08-15      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                | Foreign Exchange USD/JPY                                                                | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |   1042000 | NC      | $2203.74      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| METIS ISSUER 2025-1 LLC                    | Metis Issuer, LLC                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   2400000 | PA      | $2364135.82   | 0.09%             | 2055-05-15      | Fixed         | 6.89%                 | No            |                  3 | On Loan: No      |
| BARCLAYS BANK PLC                          | 1-Year/2-Year Interest Rate Swap                                                        | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DIR              |  | GB        | -11406250 | NC      | $-33046.64    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                             | NRG Energy, Inc.                                                                        | CUSIP: 629377CT7<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    480000 | PA      | $530735.04    | 0.02%             | 2033-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | U.S. Treasury Notes                                                                     | CUSIP: 91282CNG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1031600 | PA      | $1043689.06   | 0.04%             | 2030-05-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRITON CONTAINER/TAL INT                   | Triton Container International Limited / TAL International Container Corp.              | CUSIP: 89681LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    200000 | PA      | $178579.80    | 0.01%             | 2032-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                | BNP Paribas S.A.                                                                        | CUSIP: 09659W3D4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1200000 | PA      | $1222929.46   | 0.05%             | 2031-05-09      | Variable      | 5.08%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                | 6-Month/5-Year Interest Rate Swap                                                       | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        | -11406250 | NC      | $-19588.75    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | U.S. Treasury Bonds                                                                     | CUSIP: 912810UM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $5017968.75   | 0.20%             | 2055-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BECLE SA DE CV                             | Becle, SAB de CV                                                                        | CUSIP: 07586PAA9<br>LEI: 529900JY55CZKMJLCE09 | Long             | DBT              | CORP              | MX        |   1050000 | PA      | $907215.23    | 0.04%             | 2031-10-14      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SWISS RE AG                                | Demeter Investments BV                                                                  | CUSIP: N/A<br>LEI: 529900PS9YW3YY29F326       | Long             | DBT              | CORP              | CH        |   4350000 | PA      | $4394014.00   | 0.17%             | 2052-08-15      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding             | Avis Budget Rental Car Funding AESOP LLC                                                | CUSIP: 05377RHZ0<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1300000 | PA      | $1350644.88   | 0.05%             | 2030-06-20      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                   | Delta Air Lines, Inc. / SkyMiles IP Ltd.                                                | CUSIP: 830867AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    262250 | PA      | $261930.09    | 0.01%             | 2025-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust               | GS Mortgage Securities Corporation Trust                                                | CUSIP: 36258BAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    922142 | PA      | $918979.50    | 0.04%             | 2036-12-15      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                       | Targa Resources Corp.                                                                   | CUSIP: 87612GAQ4<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    375000 | PA      | $383967.66    | 0.02%             | 2036-02-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BSPDF Issuer Ltd                           | BSPDF Issuer LLC                                                                        | CUSIP: 05615KAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $752161.28    | 0.03%             | 2042-12-15      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| FS KKR CAPITAL CORP                        | FS KKR Capital Corp.                                                                    | CUSIP: 302635AH0<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |   2310000 | PA      | $2244463.62   | 0.09%             | 2027-01-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                         | Subway Funding LLC                                                                      | CUSIP: 864300AL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2729375 | PA      | $2718582.51   | 0.11%             | 2054-07-30      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| HORACE MANN EDUCATORS CO                   | Horace Mann Educators Corp.                                                             | CUSIP: 440327AM6<br>LEI: 254900G5YAV3A2YK8T32 | Long             | DBT              | CORP              | US        |    540000 | PA      | $534658.60    | 0.02%             | 2030-10-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GF                       | American National Global Funding                                                        | CUSIP: 02771D2B9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $509866.45    | 0.02%             | 2030-06-03      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                         | Tricon Residential Trust                                                                | CUSIP: 89616WAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2722000 | PA      | $2718373.48   | 0.11%             | 2040-07-17      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T             | Ellington Financial Mortgage Trust                                                      | CUSIP: 281907AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    870245 | PA      | $877131.20    | 0.03%             | 2060-01-26      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust               | CSMC Trust                                                                              | CUSIP: 12654PAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    494132 | PA      | $486984.75    | 0.02%             | 2057-09-25      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| VB-S1 Issuer LLC                           | VB-S1 Issuer LLC - VBTEL                                                                | CUSIP: 91823ABE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1264462.13   | 0.05%             | 2054-05-15      | Fixed         | 6.64%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                    | MPLX, LP                                                                                | CUSIP: 55336VBZ2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1270865.71   | 0.05%             | 2055-04-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                | FIGRE Trust                                                                             | CUSIP: 316922AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    540043 | PA      | $547139.21    | 0.02%             | 2055-06-25      | Variable      | 5.76%                 | No            |                  2 | On Loan: No      |
| G HOLDINGS INC                             | Standard Industries, Inc.                                                               | CUSIP: N/A<br>LEI: 54930064UHXCIUWVI755       | Long             | LON              | CORP              | US        |    464290 | PA      | $464777.62    | 0.02%             | 2028-09-22      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                | Foreign Exchange USD/JPY                                                                | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |   5752000 | NC      | $74062.18     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONWIDE MUTUAL INSURA                   | Nationwide Mutual Insurance Co.                                                         | CUSIP: 638671AN7<br>LEI: Z7LVXXWM8HZPKF5T2355 | Long             | DBT              | CORP              | US        |   4277000 | PA      | $3389100.49   | 0.13%             | 2050-04-30      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                  | 6-Month/5-Year Interest Rate Swap                                                       | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | US        | -11406250 | NC      | $-37996.84    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                      | U.S. Secured Overnight Financing Rate                                                   | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |  43670000 | OU      | $91096.05     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GCAT                                       | GCAT Trust                                                                              | CUSIP: 36168MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1509520 | PA      | $1504168.43   | 0.06%             | 2067-04-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                    | MPLX, LP                                                                                | CUSIP: 55336VCC2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1854018.81   | 0.07%             | 2035-09-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                   | Rogers Communications, Inc.                                                             | CUSIP: 775109CK5<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   1594000 | PA      | $1321313.64   | 0.05%             | 2052-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                          | PRPM LLC                                                                                | CUSIP: 69392NAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    850000 | PA      | $801366.15    | 0.03%             | 2055-04-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                           | COLT Mortgage Loan Trust                                                                | CUSIP: 19688RAC3<br>LEI: 213800MIPEZY1A8W1N28 | Long             | ABS-MBS          | CORP              | US        |    629213 | PA      | $637963.91    | 0.03%             | 2068-09-25      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                      | Foreign Exchange USD/JPY                                                                | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |   1016000 | NC      | $13081.91     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                    | Dryden 37 Senior Loan Fund                                                              | CUSIP: 26249MAS6<br>LEI: 254900I0IPNA482LDS44 | Long             | ABS-O            | CORP              | KY        |    333333 | PA      | $334167.87    | 0.01%             | 2031-01-15      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                          | State Street Corp.                                                                      | CUSIP: 857477CH4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EP               | CORP              | US        |   4870000 | NS      | $5065209.08   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3140W1UF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3945236 | PA      | $3990200.60   | 0.16%             | 2055-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan              | New Residential Mortgage Loan Trust                                                     | CUSIP: 64832BAD7<br>LEI: 213800Z6O4V4V96AU133 | Long             | ABS-MBS          | CORP              | US        |   1413778 | PA      | $1416638.07   | 0.06%             | 2064-09-25      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| STATE OF ISRAEL                            | Israel Government International Bond                                                    | CUSIP: 46514Y8B6<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |   1250000 | PA      | $1292119.96   | 0.05%             | 2035-02-19      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                       | FirstKey Homes Trust                                                                    | CUSIP: 33767JAJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2250000 | PA      | $2239906.05   | 0.09%             | 2037-10-19      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS                     | Galaxy Pipeline Assets Bidco Ltd.                                                       | CUSIP: 36321PAC4<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |   2986000 | PA      | $2429671.53   | 0.10%             | 2040-09-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Military Housing B             | Freddie Mac Military Housing Bonds Resecuritization Trust Certificates                  | CUSIP: 35563CAD0<br>LEI: 549300ZG8WH0M4JSUM77 | Long             | ABS-MBS          | USGSE             | US        |   2363055 | PA      | $2068774.86   | 0.08%             | 2055-11-25      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| Farmer Mac Agricultural Real E             | FARM Mortgage Trust                                                                     | CUSIP: 30768WAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750750 | PA      | $614568.67    | 0.02%             | 2051-01-25      | Variable      | 2.18%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd             | Golub Capital Partners CLO 54M L.P                                                      | CUSIP: 38181GAE5<br>LEI: 2549007JA1TZWEDGPD41 | Long             | ABS-O            | CORP              | KY        |   1500000 | PA      | $1499971.35   | 0.06%             | 2037-08-05      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                                | U.S. Treasury Bonds                                                                     | CUSIP: 912803GW7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3330000 | PA      | $872917.64    | 0.03%             | 2053-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                  | 1-Year/2-Year Interest Rate Swap                                                        | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | US        | -18250000 | NC      | $-39833.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Owl Rock CLO Ltd                           | Owl Rock CLO XIII LLC                                                                   | CUSIP: 69120GAC8<br>LEI: 254900P65RXI0LEC4D85 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $999819.90    | 0.04%             | 2035-09-20      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor             | JP Morgan Chase Commercial Mortgage Securities Trust                                    | CUSIP: 46654EAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $3534547.20   | 0.14%             | 2038-06-15      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| Ares Direct Lending CLO LLC                | Ares Direct Lending CLO 3 LLC                                                           | CUSIP: 039945AC4<br>LEI: 254900TU6Z546P794928 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $996646.52    | 0.04%             | 2037-01-20      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| BROOKFLD FIN LLC/FIN INC                   | Brookfield Finance LLC / Brookfield Finance, Inc.                                       | CUSIP: 11271RAB5<br>LEI: 549300E643C5WZF8BL44 | Long             | DBT              | CORP              | US        |    470000 | PA      | $328862.80    | 0.01%             | 2050-04-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD GRP/CO                   | JBS USA Holding Lux Sarl / JBS USA Foods Group Holdings Incorporated / JBS USA Food Co. | CUSIP: 472140AE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2450904.00   | 0.10%             | 2036-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                    | American National Group, Inc.                                                           | CUSIP: 025676AR8<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |   1875000 | PA      | $1932333.75   | 0.08%             | 2055-12-01      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Achieve Mortgage                           | ACHM Trust                                                                              | CUSIP: 00449SAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    895120 | PA      | $910013.69    | 0.04%             | 2055-03-25      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                   | Cheniere Energy Partners, LP                                                            | CUSIP: 16411QAV3<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1021612.63   | 0.04%             | 2035-10-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                    | CARS-DB5, LP                                                                            | CUSIP: 12510HAN0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    986458 | PA      | $834300.71    | 0.03%             | 2051-08-15      | Fixed         | 2.76%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg             | Saluda Grade Alternative Mortgage Trust 2025-LOC4                                       | CUSIP: 79589VAP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    930737 | PA      | $931513.96    | 0.04%             | 2055-06-25      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| STAR 2025-SFR6 Trust                       | STAR 2025-SFR6 Trust                                                                    | CUSIP: 85520EAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2004170.40   | 0.08%             | 2042-08-17      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac                                                                             | CUSIP: 3142J6AP8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  17566445 | PA      | $17717807.15  | 0.70%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                          | General Motors Co.                                                                      | CUSIP: 37045VAF7<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508465.48    | 0.02%             | 2043-10-02      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                       | FS Rialto Issuer LLC                                                                    | CUSIP: 30338WAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1800000 | PA      | $1808841.96   | 0.07%             | 2039-10-19      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                     | Sequoia Mortgage Trust                                                                  | CUSIP: 81749YAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1021144 | PA      | $1026424.39   | 0.04%             | 2055-07-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC FIN CO                     | Global Atlantic Finance Co.                                                             | CUSIP: 37959GAF4<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    969000 | PA      | $1024491.35   | 0.04%             | 2054-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                     | Bank of New York Mellon Corp.                                                           | CUSIP: 064058AR1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |    730000 | NS      | $738150.45    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Taco Bell Funding, LLC                     | Taco Bell Funding LLC                                                                   | CUSIP: 87342RAL8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    950000 | PA      | $952254.35    | 0.04%             | 2055-08-25      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| AZ BATTERY PROPERTY LLC                    | AZ Battery Property LLC                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   1420000 | PA      | $1386368.85   | 0.05%             | 2046-02-20      | Fixed         | 6.73%                 | No            |                  3 | On Loan: No      |
| SUMITOMO LIFE INSUR                        | Sumitomo Life Insurance Co.                                                             | CUSIP: 86564CAF7<br>LEI: 549300I5OQCDADQSPI57 | Long             | DBT              | CORP              | JP        |   1150000 | PA      | $1170821.90   | 0.05%             | 2055-09-10      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                | Oracle Corp.                                                                            | CUSIP: 68389XDK8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    925000 | PA      | $926112.28    | 0.04%             | 2032-09-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Navigator Aircraft ABS LLC                 | Navigator Aircraft ABS Ltd.                                                             | CUSIP: 63943BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3716059 | PA      | $3524673.91   | 0.14%             | 2046-11-15      | Variable      | 2.77%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                | FIGRE Trust                                                                             | CUSIP: 31684FAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2485348 | PA      | $2512555.30   | 0.10%             | 2054-10-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                          | Imperial Fund Mortgage Trust                                                            | CUSIP: 45276PAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    735122 | PA      | $694116.89    | 0.03%             | 2067-03-25      | Variable      | 4.02%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                | 6-Month/5-Year Interest Rate Swap                                                       | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        | -11406250 | NC      | $-33570.42    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CLIFFWATER LLC                             | Cliffwater LLC                                                                          | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |   -150000 | PA      | $0.00         | 0.00%             | 2032-03-19      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                           | Societe Generale S.A.                                                                   | CUSIP: 83368RCH3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    300000 | PA      | $305056.02    | 0.01%             | 2029-05-22      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Wingstop Funding LLC                       | Wingstop Funding LLC                                                                    | CUSIP: 974153AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1231250 | PA      | $1188650.23   | 0.05%             | 2050-12-05      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                   | JP Morgan Mortgage Trust                                                                | CUSIP: 46592WAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6589226 | PA      | $6161171.99   | 0.24%             | 2052-02-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Gilead Aviation (Warehouse) LL             | Gilead Aviation LLC                                                                     | CUSIP: 37556TAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2292061 | PA      | $2338948.52   | 0.09%             | 2050-03-15      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| BROOKLYN UNION GAS CO                      | Brooklyn Union Gas Co.                                                                  | CUSIP: 114259AX2<br>LEI: 83BQ1DXS6VA5GZFK8S35 | Long             | DBT              | CORP              | US        |    800000 | PA      | $862326.42    | 0.03%             | 2033-09-15      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                           | COLT Mortgage Loan Trust                                                                | CUSIP: 19688TAC9<br>LEI: 2138001HZNOLT1K3WY73 | Long             | ABS-MBS          | CORP              | US        |    872615 | PA      | $878052.32    | 0.03%             | 2069-02-25      | Variable      | 6.14%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                     | Standard Chartered plc                                                                  | CUSIP: 85325C2A9<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   1281000 | PA      | $1303537.38   | 0.05%             | 2030-10-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                       | Enel Finance International N.V.                                                         | CUSIP: 29278GAY4<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   1080000 | PA      | $1033286.18   | 0.04%             | 2052-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HENNEMAN TRUST                             | Henneman Trust                                                                          | CUSIP: 425911AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1706439.18   | 0.07%             | 2055-05-15      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                    | CF Hippolyta LLC                                                                        | CUSIP: 12530MAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2479789 | PA      | $1702730.12   | 0.07%             | 2060-07-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Ares Direct Lending CLO LLC                | Ares Direct Lending CLO 6 LLC                                                           | CUSIP: 039960AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2700000 | PA      | $2700000.00   | 0.11%             | 2037-10-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank                      | CURRENCY CONTRACT - Rec USD / Deliver EUR                                               | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DFE              |  | US        |    -82000 | NC      | $56.46        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                           | Paramount Global                                                                        | CUSIP: 124857AF0<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    562000 | PA      | $516202.05    | 0.02%             | 2040-10-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                      | Level 3 Financing, Inc.                                                                 | CUSIP: 527298CD3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   2175000 | PA      | $1987406.25   | 0.08%             | 2030-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | U.S. Treasury Notes                                                                     | CUSIP: 91282CKN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  60000000 | PA      | $62456250.00  | 2.48%             | 2031-04-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                      | Foreign Exchange EUR/USD                                                                | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |  15985000 | NC      | $27312.46     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities              | GS Mortgage-Backed Securities Trust                                                     | CUSIP: 36262PAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4127384 | PA      | $3829539.21   | 0.15%             | 2052-03-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| PINE STREET TRUST III                      | Pine Street Trust III                                                                   | CUSIP: 72284KAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    960000 | PA      | $988969.67    | 0.04%             | 2054-05-15      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| Arbys Funding LLC                          | Arbys Funding LLC                                                                       | CUSIP: 038779AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6412500 | PA      | $6192330.02   | 0.25%             | 2050-07-30      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| Sonic Capital LLC                          | Sonic Capital LLC                                                                       | CUSIP: 83546DAN8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2203200 | PA      | $2036429.66   | 0.08%             | 2051-08-20      | Fixed         | 2.19%                 | No            |                  2 | On Loan: No      |
| CLIFFWATER CORPORATE LENDING FUND          | Cliffwater Corporate Lending Fund                                                       | CUSIP: N/A<br>LEI: 549300H513RTF4I5T758       | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1611122.65   | 0.06%             | 2028-08-04      | Fixed         | 6.77%                 | No            |                  3 | On Loan: No      |
| SLAM LLC                                   | Slam Ltd.                                                                               | CUSIP: 83100AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3278588 | PA      | $3303531.18   | 0.13%             | 2049-09-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust             | CFMT LLC                                                                                | CUSIP: 12530GAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1397849 | PA      | $1376985.11   | 0.05%             | 2037-09-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                  | Prosus N.V.                                                                             | CUSIP: 74365PAJ7<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |   1300000 | PA      | $1049823.96   | 0.04%             | 2052-01-19      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| EQT AB                                     | Equities AB                                                                             | CUSIP: 29439EAA7<br>LEI: 213800U7P9GOIRKCTB34 | Long             | DBT              | CORP              | SE        |   1620000 | PA      | $1672780.02   | 0.07%             | 2035-05-08      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| VB-S1 Issuer LLC                           | VB-S1 Issuer LLC - VBTEL                                                                | CUSIP: 91823AAY7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2458833.75   | 0.10%             | 2052-02-15      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                        | NuStar Logistics, LP                                                                    | CUSIP: 67059TAF2<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200726.80    | 0.01%             | 2026-06-01      | Fixed         | 6.00%                 | 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        |    974082 | NS      | $974081.75    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHSE FIN GLBL FUND                    | Brighthouse Financial Global Funding                                                    | CUSIP: 10921U2L1<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |   5985000 | PA      | $6142372.95   | 0.24%             | 2029-06-10      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                            | SBA Tower Trust                                                                         | CUSIP: 78403DAV2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2865390.30   | 0.11%             | 2027-04-15      | Fixed         | 1.84%                 | No            |                  2 | On Loan: No      |
| LIBERTY GLOBAL LTD                         | Telenet Finance Luxembourg Notes SARL                                                   | CUSIP: N/A<br>LEI: 2138007RI9GLJPCC3E25       | Long             | DBT              | CORP              | LU        |    200000 | PA      | $198396.05    | 0.01%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                      | CDX.NA.IG.45.V1                                                                         | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DCR              |  | US        | -50400000 | OU      | $-1140752.09  | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                   | Angel Oak Mortgage Trust                                                                | CUSIP: 034943AC4<br>LEI: 25490046TFINGL6XED11 | Long             | ABS-MBS          | CORP              | US        |    587203 | PA      | $592905.79    | 0.02%             | 2069-01-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Li             | Textainer Marine Containers Ltd.                                                        | CUSIP: 88315LAS7<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | US        |   1346667 | PA      | $1210067.26   | 0.05%             | 2046-08-20      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                | Uniform MBS 30 Year                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |  20300000 | PA      | $20734115.50  | 0.82%             | 2025-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                   | Lloyds Banking Group plc                                                                | CUSIP: 53944YAS2<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1040000 | PA      | $1032933.96   | 0.04%             | 2028-03-18      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| GINKGO BIOWORKS HOLDINGS INC               | Ginkgo Bioworks Holdings, Inc.                                                          | CUSIP: 37611X118<br>LEI: N/A                  | N/A              | DE               |  | US        |      6510 | NS      | $47.52        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF NY MELLON CORP                     | Bank of New York Mellon Corp.                                                           | CUSIP: 06406RBZ9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1010000 | PA      | $1043554.93   | 0.04%             | 2032-07-22      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL FINANCIAL                    | Fidelity National Financial, Inc.                                                       | CUSIP: 31620RAJ4<br>LEI: 549300CAZYIH39SYQ287 | Long             | DBT              | CORP              | US        |    470000 | PA      | $446379.37    | 0.02%             | 2030-06-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                | FIGRE Trust                                                                             | CUSIP: 31684UAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1295499 | PA      | $1300243.56   | 0.05%             | 2054-09-25      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitiza             | Castlelake Aircraft Structured Trust                                                    | CUSIP: 14856VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1765304 | PA      | $1792515.30   | 0.07%             | 2050-02-15      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX Trust                                                                               | CUSIP: 67448NAC2<br>LEI: 254900RDM4XSF0B1E373 | Long             | ABS-MBS          | CORP              | US        |    634051 | PA      | $639678.79    | 0.03%             | 2064-01-25      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                       | FirstKey Homes Trust                                                                    | CUSIP: 33767JBC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1400000 | PA      | $1394166.90   | 0.06%             | 2037-10-19      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC                     | Brookfield Finance, Inc.                                                                | CUSIP: 11271LAM4<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $311171.41    | 0.01%             | 2035-01-15      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| MARATHON PETROLEUM CORP                    | Marathon Petroleum Corp.                                                                | CUSIP: 56585AAF9<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |    480000 | PA      | $517396.70    | 0.02%             | 2041-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Trust                                                                                | CUSIP: 05612TAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1700000 | PA      | $1701062.50   | 0.07%             | 2041-06-15      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Structured             | Castlelake Aircraft Securitization Trust                                                | CUSIP: 14856CAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    185722 | PA      | $183307.33    | 0.01%             | 2043-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PMH NEWCO LP                               | Project Onyx I                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   4349086 | PA      | $4333094.39   | 0.17%             | 2027-01-26      | Variable      | 6.89%                 | No            |                  3 | On Loan: No      |
| MSC MEDITERRANEAN SHIPPING CO SA           | Terminal Investment Limited Holding                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | LU        |   2800000 | PA      | $2829397.56   | 0.11%             | 2040-10-01      | Fixed         | 6.23%                 | No            |                  3 | On Loan: No      |
| AMER AIRLINE 16-2 AA PTT                   | American Airlines Class AA Pass Through Trust                                           | CUSIP: 023765AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    607000 | PA      | $587697.04    | 0.02%             | 2028-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| CITADEL ENTERPRISE AMERICAS LLC            | Ceamer Finance LLC                                                                      | CUSIP: N/A<br>LEI: 549300KGM6NOF0Q0GA88       | Long             | ABS-O            | CORP              | US        |   1523999 | PA      | $1579552.47   | 0.06%             | 2037-11-15      | Fixed         | 6.92%                 | No            |                  3 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3136AHGP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    558707 | PA      | $424373.66    | 0.02%             | 2043-12-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3140Y6PR5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  13844077 | PA      | $14001863.65  | 0.55%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                       | Westpac Banking Corp.                                                                   | CUSIP: 961214EP4<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    295000 | PA      | $264725.70    | 0.01%             | 2035-11-15      | Variable      | 2.67%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                            | United States Treasury Inflation Indexed Bonds                                          | CUSIP: 91282CLV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20685386 | PA      | $21094534.15  | 0.84%             | 2029-10-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Pershing Square Holdings, Ltd.             | Pershing Square SPARC Holdings, Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    190327 | NS      | $19.03        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TVA PRIN STRIP                             | Tennessee Valley Authority Principal Strips                                             | CUSIP: 88059FBS9<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   4100000 | PA      | $2078646.70   | 0.08%             | 2039-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                | Uniform MBS 15 Year                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |  20527782 | PA      | $20503682.38  | 0.81%             | 2025-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC        | CDX.NA.HY.43.V1 (15-25%)                                                                | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DCR              |  | US        |  -2320000 | OU      | $-198622.48   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Owl Rock CLO Ltd                           | OWL Rock Clo XXI LLC                                                                    | CUSIP: 69120UAB9<br>LEI: 2549000CE1W4KBWC2X49 | Long             | ABS-O            | CORP              | US        |   1050000 | PA      | $1046436.51   | 0.04%             | 2034-07-24      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| ALT-2 STRUCTURED TRUST                     | Alt-2 Structured Trust                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   2442347 | PA      | $2270934.34   | 0.09%             | 2031-05-14      | Floating      | 2.95%                 | No            |                  3 | On Loan: No      |
| BNP Paribas                                | 1-Year/2-Year Interest Rate Swap                                                        | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        | -11406250 | NC      | $-24039.47    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                     | Sequoia Mortgage Trust                                                                  | CUSIP: 81743CAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    396079 | PA      | $397715.49    | 0.02%             | 2054-06-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                 | PacifiCorp                                                                              | CUSIP: 695114DF2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2316209.90   | 0.09%             | 2055-09-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                   | Penske Truck Leasing Company Lp / PTL Finance Corp.                                     | CUSIP: 709599CA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2159387.48   | 0.09%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                   | Saudi Government International Bond                                                     | CUSIP: 80413TBL2<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |   1100000 | PA      | $1171880.92   | 0.05%             | 2035-01-13      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CONSTAR INTERNATIONAL HOLDINGS LLC         | Constar International Holdings LLC                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        68 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Servpro Master Issuer, LLC                 | SERVPRO Master Issuer LLC                                                               | CUSIP: 817743AE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4165125 | PA      | $3924345.37   | 0.16%             | 2051-04-25      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                      | Foreign Exchange EUR/USD                                                                | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |  15985000 | NC      | $27312.46     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORP                           | HF Sinclair Corp.                                                                       | CUSIP: 403949AT7<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1397665.57   | 0.06%             | 2032-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAFEHOLD GL HOLDINGS LLC                   | Safehold GL Holdings LLC                                                                | CUSIP: 785931AA4<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              | CORP              | US        |   1226000 | PA      | $1291551.27   | 0.05%             | 2034-04-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                | 1-Year/2-Year Interest Rate Swap                                                        | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        | -18250000 | NC      | $-39833.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TRUSTAGE FINANCIAL GROUP                   | Trustage Financial Group, Inc.                                                          | CUSIP: 89787EAA9<br>LEI: 549300X7YNHNZXTI6F10 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1676472.93   | 0.07%             | 2032-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT             | California Statewide Communities Development Authority Revenue Bonds                    | CUSIP: 13080SZY3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $933623.28    | 0.04%             | 2039-02-01      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                      | Foreign Exchange EUR/USD                                                                | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |  20424000 | NC      | $35868.87     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LoanCore 2021-CRE5 Issuer, Ltd             | LoanCore Issuer Ltd.                                                                    | CUSIP: 53947XAJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   7500000 | PA      | $7456129.50   | 0.30%             | 2036-07-15      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| Cerberus                                   | Cerberus Loan Funding 52 LLC                                                            | CUSIP: 15675MAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1258066.75   | 0.05%             | 2037-10-15      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2023-1 A PTT                    | United Airlines 2023-1 Class A Pass Through Trust                                       | CUSIP: 90932LAJ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1352808 | PA      | $1399035.31   | 0.06%             | 2036-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust               | CSMC Trust                                                                              | CUSIP: 126401AC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    115717 | PA      | $109813.99    | 0.00%             | 2065-05-25      | Variable      | 2.72%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                      | Foreign Exchange EUR/USD                                                                | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |   7607000 | NC      | $22.42        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas                                | 9-Month/5-Year Interest Rate Swap                                                       | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        | -35955000 | NC      | $-126705.78   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BRUNSWICK CORP                             | Brunswick Corp.                                                                         | CUSIP: 117043AV1<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1050330.28   | 0.04%             | 2052-04-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| MASTR Adjustable Rate Mortgage             | MASTR Adjustable Rate Mortgages Trust                                                   | CUSIP: 576433FG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    187922 | PA      | $167257.68    | 0.01%             | 2033-11-25      | Variable      | 2.81%                 | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization             | AASET Trust                                                                             | CUSIP: 00255JAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2746976 | PA      | $2835850.69   | 0.11%             | 2049-05-16      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                | 6-Month/5-Year Interest Rate Swap                                                       | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        | -11406250 | NC      | $-15441.78    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                         | VICI Properties, LP                                                                     | CUSIP: 925650AK9<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1587060.24   | 0.06%             | 2035-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| VB-S1 Issuer LLC                           | VB-S1 Issuer LLC - VBTEL                                                                | CUSIP: 91823ABC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2350000 | PA      | $2363871.11   | 0.09%             | 2054-05-15      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                          | Imperial Fund Mortgage Trust                                                            | CUSIP: 45276PAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    735122 | PA      | $696246.91    | 0.03%             | 2067-03-25      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                  | 1-Year/2-Year Interest Rate Swap                                                        | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | US        | -18250000 | NC      | $-49791.66    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SODEXO INC                                 | Sodexo, Inc.                                                                            | CUSIP: 833794AD2<br>LEI: 549300WSZGQGJQXRFU84 | Long             | DBT              | CORP              | US        |    850000 | PA      | $890960.82    | 0.04%             | 2035-08-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| CLIFFWATER LLC                             | Cliffwater LLC                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1596000 | PA      | $1590977.45   | 0.06%             | 2032-04-22      | Variable      | 9.31%                 | No            |                  3 | On Loan: No      |
| Verus Securitization Trust                 | Verus Securitization Trust                                                              | CUSIP: 92539YAC6<br>LEI: 213800W65K5FH3AI2J91 | Long             | ABS-MBS          | CORP              | US        |    920224 | PA      | $933329.98    | 0.04%             | 2068-10-25      | Variable      | 7.42%                 | No            |                  2 | On Loan: No      |
| CODELCO INC                                | Corporation Nacional del Cobre de Chile                                                 | CUSIP: 21987BBM9<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |   1950000 | PA      | $2091960.00   | 0.08%             | 2055-01-13      | Fixed         | 6.78%                 | No            |                  2 | On Loan: No      |
| MUNICH RE                                  | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen                               | CUSIP: 62582PAA8<br>LEI: 529900MUF4C20K50JS49 | Long             | DBT              | CORP              | DE        |   1350000 | PA      | $1408532.79   | 0.06%             | 2042-05-23      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                           | Paramount Global                                                                        | CUSIP: 124857AK9<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $833698.38    | 0.03%             | 2044-08-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Nomura Global Financial Products, Inc.     | CURRENCY CONTRACT - Rec USD / Deliver EUR                                               | CUSIP: N/A<br>LEI: 0Z3VO5H2G7GRS05BHJ91       | N/A              | DFE              |  | US        |  -3869000 | NC      | $1673.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Cerberus                                   | Cerberus Loan Funding XLVI, LP                                                          | CUSIP: 15675BAB3<br>LEI: 635400QFSCXQUKSANU86 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $498974.20    | 0.02%             | 2036-07-15      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| MIDWEST CONNECTOR CAPIT                    | Midwest Connector Capital Company LLC                                                   | CUSIP: 59833CAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1054567.89   | 0.04%             | 2029-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| LHOME Mortgage Trust                       | LHOME Mortgage Trust 2025-RTL3                                                          | CUSIP: 50205YAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1700000 | PA      | $1704525.40   | 0.07%             | 2040-08-25      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| SYMETRA LIFE INSURANCE                     | Symetra Life Insurance Co.                                                              | CUSIP: 87151KAA7<br>LEI: 2CKADF5K7JYB5EG0VY36 | Long             | DBT              | CORP              | US        |    900000 | PA      | $954783.11    | 0.04%             | 2055-10-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                           | Bank of Montreal                                                                        | CUSIP: N/A<br>LEI: NQQ6HPCNCCU6TUTQYE16       | Long             | RA               | CORP              | US        |   8120719 | PA      | $8120719.00   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank                      | CURRENCY CONTRACT - Rec EUR / Deliver USD                                               | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DFE              |  | US        |    170000 | NC      | $-836.17      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PS HOLDINGS INDEPENDENT VOTING COMPANY LTD | Pershing Square Holdings Ltd.                                                           | CUSIP: N/A<br>LEI: U7LC4KOKCTZ0YWGI2G56       | Long             | DBT              | CORP              | GG        |   6200000 | PA      | $5527386.18   | 0.22%             | 2031-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd             | Golub Capital Partners CLO 54M L.P                                                      | CUSIP: 38181GAC9<br>LEI: 2549007JA1TZWEDGPD41 | Long             | ABS-O            | CORP              | KY        |   1400000 | PA      | $1399975.36   | 0.06%             | 2037-08-05      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                          | 1-Year/2-Year Interest Rate Swap                                                        | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DIR              |  | GB        | -11406250 | NC      | $-24039.47    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                               | Ares LXIX CLO Ltd.                                                                      | CUSIP: 039953AE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |   2500000 | PA      | $2509799.50   | 0.10%             | 2036-04-15      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                         | Tricon Residential Trust                                                                | CUSIP: 895978AC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1194570.24   | 0.05%             | 2040-12-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX Trust                                                                               | CUSIP: 67448NAA6<br>LEI: 254900RDM4XSF0B1E373 | Long             | ABS-MBS          | CORP              | US        |    951077 | PA      | $960500.56    | 0.04%             | 2064-01-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| LoanCore 2021-CRE6 Issuer, Ltd             | LoanCore Issuer Ltd.                                                                    | CUSIP: 53948HAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4000000 | PA      | $3983264.80   | 0.16%             | 2038-11-15      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                           | COLT Mortgage Loan Trust                                                                | CUSIP: 19685WAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $2870653.60   | 0.11%             | 2066-08-25      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| Station Place Securitization T             | Station Place Securitization Trust Series 2025-SP2                                      | CUSIP: 857936AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7800000 | PA      | $7800000.00   | 0.31%             | 2026-09-25      | Floating      | 5.31%                 | No            |                  3 | On Loan: No      |
| RWC Commercial Mortgage Securi             | RWC Commercial Mortgage 2025-1 Trust                                                    | CUSIP: 78348LAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2350000 | PA      | $2347004.46   | 0.09%             | 2040-06-25      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                   | Foundation Finance Trust                                                                | CUSIP: 349941AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1846397 | PA      | $1896610.50   | 0.08%             | 2049-12-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                     | Bank of New York Mellon Corp.                                                           | CUSIP: 064058AL4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |   3900000 | NS      | $3822110.72   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| LIBERTY UTILITIES CO                       | Liberty Utilities Co.                                                                   | CUSIP: 531542AB4<br>LEI: 549300UN1FEYPC5BKW09 | Long             | DBT              | CORP              | US        |    550000 | PA      | $569697.19    | 0.02%             | 2034-01-31      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                   | Eagle Funding Luxco SARL                                                                | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |   2950000 | PA      | $2992952.00   | 0.12%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FLOWSERVE CORPORATION                      | Flowserve Corp.                                                                         | CUSIP: 34354PAF2<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | DBT              | CORP              | US        |   1517000 | PA      | $1445772.06   | 0.06%             | 2030-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg             | Saluda Grade Alternative Mortgage Trust                                                 | CUSIP: 79581UAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1270464 | PA      | $1316143.16   | 0.05%             | 2053-11-25      | Variable      | 6.72%                 | No            |                  2 | On Loan: No      |
| TIF Funding II LLC                         | TIF Funding II LLC                                                                      | CUSIP: 872480AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    592167 | PA      | $540144.47    | 0.02%             | 2046-02-20      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                   | Mill City Mortgage Loan Trust                                                           | CUSIP: 59982HAH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2645610.30   | 0.10%             | 2060-11-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| SMITHFIELD FOODS INC                       | Smithfield Foods, Inc.                                                                  | CUSIP: 832248BC1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |    640000 | PA      | $584716.81    | 0.02%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | U.S. Treasury Notes                                                                     | CUSIP: 91282CLX7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $25254882.75  | 1.00%             | 2027-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| EVERGY KANSAS CENTRAL                      | Evergy Kansas Central, Inc.                                                             | CUSIP: 30036FAB7<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1009487.77   | 0.04%             | 2053-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| STATE OF ISRAEL                            | Israel Government International Bond                                                    | CUSIP: 46514Y8A8<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    750000 | PA      | $773601.77    | 0.03%             | 2030-02-19      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Residential Mortgage Loan Trus             | Residential Mortgage Loan Trust                                                         | CUSIP: 76119CAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     18560 | PA      | $18401.07     | 0.00%             | 2060-01-26      | Variable      | 2.68%                 | No            |                  2 | On Loan: No      |
| GCAT                                       | GCAT 2025-NQM2 Trust                                                                    | CUSIP: 36171HAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5495431 | PA      | $5547450.33   | 0.22%             | 2070-04-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| JCP Direct Lending CLO LLC                 | JCP Direct Lending CLO 2023-1 LLC                                                       | CUSIP: 46656TAU0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |   1925000 | PA      | $1932138.86   | 0.08%             | 2037-07-20      | Floating      | 6.11%                 | No            |                  2 | On Loan: No      |
| MN8 ENERGY INC                             | MN8 Portfolio IV LLC                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2734831.54   | 0.11%             | 2045-07-30      | Fixed         | 6.31%                 | No            |                  3 | On Loan: No      |
| JANUS HEND US HLDGS INC                    | Janus Henderson US Holdings, Inc.                                                       | CUSIP: 47103MAB4<br>LEI: 8T2ZO87FU1KVPZIG9I59 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $1071571.16   | 0.04%             | 2034-09-10      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                          | PRPM LLC                                                                                | CUSIP: 69381AAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    625181 | PA      | $618758.77    | 0.02%             | 2053-06-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP                    | Australia & New Zealand Banking Group Ltd.                                              | CUSIP: 052528AM8<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |   1800000 | PA      | $1605231.92   | 0.06%             | 2035-11-25      | Variable      | 2.57%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                           | Altice France S.A.                                                                      | CUSIP: 02156LAE1<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $215000.00    | 0.01%             | 2029-01-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A             | Government National Mortgage Association                                                | CUSIP: 38385CQG6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | CORP              | US        |   2134760 | PA      | $2127193.99   | 0.08%             | 2055-01-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE LIFE HOLDINGS                   | Corebridge Life Holdings, Inc.                                                          | CUSIP: 00138GAC3<br>LEI: 5493001FBIY3WQ6U5014 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1702534.86   | 0.07%             | 2046-03-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                   | Capital One Financial Corp.                                                             | CUSIP: 14040HDF9<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1710000 | PA      | $1815194.64   | 0.07%             | 2035-02-01      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac                                                                             | CUSIP: 3142GSWQ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1892061 | PA      | $1953479.54   | 0.08%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                    | Dryden 37 Senior Loan Fund                                                              | CUSIP: 26249MAQ0<br>LEI: 254900I0IPNA482LDS44 | Long             | ABS-O            | CORP              | KY        |    367868 | PA      | $368062.93    | 0.01%             | 2031-01-15      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| CNO FINANCIAL GROUP INC                    | CNO Financial Group, Inc.                                                               | CUSIP: 12621EAM5<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1528089.87   | 0.06%             | 2034-06-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX Trust                                                                               | CUSIP: 67118KAC7<br>LEI: 2549001QDCO9VU0HH514 | Long             | ABS-MBS          | CORP              | US        |    639795 | PA      | $648260.80    | 0.03%             | 2063-12-25      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3140LA5G6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1338474 | PA      | $993937.25    | 0.04%             | 2051-02-01      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| CAPITAL POWER US HOLDING                   | Capital Power US Holdings, Inc.                                                         | CUSIP: 14041TAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1010000 | PA      | $1059463.99   | 0.04%             | 2035-06-01      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX Trust                                                                               | CUSIP: 67119FAB9<br>LEI: 254900FVMB3WTXJGGR91 | Long             | ABS-MBS          | CORP              | US        |    397571 | PA      | $402597.36    | 0.02%             | 2064-03-25      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| NOKIA OYJ                                  | Nokia Oyj                                                                               | CUSIP: 654902AC9<br>LEI: 549300A0JPRWG1KI7U06 | Long             | DBT              | CORP              | FI        |    980000 | PA      | $1030339.66   | 0.04%             | 2039-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3140HRMZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    675196 | PA      | $638648.08    | 0.03%             | 2048-10-01      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                   | Targa Resources Partners Limited Partnership / Targa Resources Partners Finance Corp.   | CUSIP: 87612BBN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1734000 | PA      | $1766398.23   | 0.07%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Trust                                                                                | CUSIP: 05612TAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1450000 | PA      | $1451359.38   | 0.06%             | 2041-06-15      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| TVA PRIN STRIP                             | Tennessee Valley Authority Principal Strips                                             | CUSIP: 88059FBR1<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   9400000 | PA      | $5121486.60   | 0.20%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                | Oracle Corp.                                                                            | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1675000 | PA      | $1669847.38   | 0.07%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                         | Credit Agricole S.A.                                                                    | CUSIP: 22535WAR8<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $410332.13    | 0.02%             | 2031-05-27      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                      | U.S. Secured Overnight Financing Rate                                                   | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |  15978652 | OU      | $460565.31    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                     | NextEra Energy Capital Holdings, Inc.                                                   | CUSIP: 65339KDE7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    884000 | PA      | $917911.12    | 0.04%             | 2055-08-15      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX Trust                                                                               | CUSIP: 67118XAC9<br>LEI: 254900LMIQVUH9BFZJ05 | Long             | ABS-MBS          | CORP              | US        |   1023417 | PA      | $1037881.56   | 0.04%             | 2064-02-25      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                | Oracle Corp.                                                                            | CUSIP: 68389XDB8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $1064141.00   | 0.04%             | 2055-08-03      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC BEACON LLC                         | Pacific Beacon LLC                                                                      | CUSIP: 69403WAC1<br>LEI: 549300RDBP3BJOLTTC39 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2875017.66   | 0.11%             | 2036-07-15      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| ASPEN INSURANCE HLDG LTD                   | Aspen Insurance Holdings Ltd.                                                           | CUSIP: 04530DAE2<br>LEI: 549300YX6HECG9XQCQ75 | Long             | DBT              | CORP              | BM        |    305000 | PA      | $319222.75    | 0.01%             | 2030-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX Trust                                                                               | CUSIP: 67118KAA1<br>LEI: 2549001QDCO9VU0HH514 | Long             | ABS-MBS          | CORP              | US        |    639795 | PA      | $647390.74    | 0.03%             | 2063-12-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                  | Towd Point Mortgage Trust                                                               | CUSIP: 89190KAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1343980 | PA      | $1344328.70   | 0.05%             | 2065-06-25      | Variable      | 4.77%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                          | HSBC Holdings plc                                                                       | CUSIP: 404280ER6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    530000 | PA      | $542795.35    | 0.02%             | 2031-03-03      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Commercial Mortgage Trust                                                            | CUSIP: 05609VAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3381210 | PA      | $3368530.62   | 0.13%             | 2036-09-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                | 9-Month/5-Year Interest Rate Swap                                                       | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  35955000 | NC      | $453768.28    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                      | Palmer Square CLO Ltd.                                                                  | CUSIP: 696924AQ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1250000 | PA      | $1253393.38   | 0.05%             | 2037-10-20      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| EAGLE POINT HOLDINGS BORROWER LLC          | Eagle Point Holdings Borrower, LLC                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    389526 | PA      | $389526.00    | 0.02%             | 2028-03-31      | Variable      | 8.06%                 | No            |                  3 | On Loan: No      |
| BofA Securities, Inc.                      | BofA Securities, Inc.                                                                   | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Long             | RA               | CORP              | US        |  64965752 | PA      | $64965752.00  | 2.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Cerberus                                   | Cerberus Loan Funding 50 LLC                                                            | CUSIP: 15673UAC1<br>LEI: 635400VJODJ5OZQ2H763 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2011176.40   | 0.08%             | 2037-07-15      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage              | Citigroup Commercial Mortgage Trust                                                     | CUSIP: 17325DAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1470273 | PA      | $8392.61      | 0.00%             | 2049-10-10      | Variable      | 1.51%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                      | Rio Tinto Finance USA plc                                                               | CUSIP: 76720AAU0<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |     60000 | PA      | $61828.83     | 0.00%             | 2035-03-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac                                                                             | CUSIP: 3137HMCR9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2051560 | PA      | $2054354.15   | 0.08%             | 2052-02-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                    | CARS-DB4, LP                                                                            | CUSIP: 12510HAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2201719 | PA      | $2076181.59   | 0.08%             | 2050-02-15      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                            | United States Treasury Inflation Indexed Bonds                                          | CUSIP: 91282CGW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11167453 | PA      | $11210091.01  | 0.44%             | 2028-04-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP                          | Hyatt Hotels Corp.                                                                      | CUSIP: 448579AV4<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1042919.92   | 0.04%             | 2032-03-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ENI SPA                                    | Eni SpA                                                                                 | CUSIP: 26874RAP3<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |    660000 | PA      | $659782.62    | 0.03%             | 2054-05-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Wingstop Funding LLC                       | Wingstop Funding LLC                                                                    | CUSIP: 974153AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1552282.35   | 0.06%             | 2054-12-05      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| CITADEL SECURITIES GLOBA                   | Citadel Securities Global Holdings LLC                                                  | CUSIP: 17289RAA4<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |    525000 | PA      | $538837.99    | 0.02%             | 2030-06-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| STORE Master Funding LLC                   | STORE Master Funding I-VII                                                              | CUSIP: 86212VAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2363857 | PA      | $2339604.99   | 0.09%             | 2046-10-20      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance T             | Regional Management Issuance Trust 2025-1                                               | CUSIP: 75908AAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3550000 | PA      | $3591557.37   | 0.14%             | 2034-04-17      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                      | U.S. Secured Overnight Financing Rate                                                   | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |  70000000 | OU      | $413844.20    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| KREF 2021-FL2 Ltd                          | KREF Ltd.                                                                               | CUSIP: 48275RAC1<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-O            | CORP              | KY        |   1500000 | PA      | $1491761.85   | 0.06%             | 2039-02-15      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| BLUE OWL GP STAKES V ISSUER                | Blue Owl Capital GP LLC                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   2505000 | PA      | $2642664.38   | 0.10%             | 2043-08-22      | Fixed         | 7.21%                 | No            |                  3 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                   | Plains All American Pipeline Limited Partnership / PAA Finance Corp.                    | CUSIP: 72650RBS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2430163.42   | 0.10%             | 2036-01-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                  | iShares iBoxx $ Investment Grade Corporate Bond ETF                                     | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DCR              |  | US        |     94172 | NC      | $150675.20    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                               | Barclays plc                                                                            | CUSIP: 06738ECX1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $508981.24    | 0.02%             | 2029-02-25      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                        | Global Payments, Inc.                                                                   | CUSIP: 37940XAH5<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1434775.04   | 0.06%             | 2031-11-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US              | GoldenTree Loan Management US CLO 24 Ltd.                                               | CUSIP: 38139VAG0<br>LEI: 254900PS1VHPJR2OTF82 | Long             | ABS-O            | CORP              | KY        |   2250000 | PA      | $2252722.28   | 0.09%             | 2038-10-20      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3140LCET4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2561048 | PA      | $1978716.95   | 0.08%             | 2051-05-01      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| PMT Loan Trust                             | PMT Loan Trust 2025-INV8                                                                | CUSIP: 73015EAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5934443 | PA      | $5979396.78   | 0.24%             | 2056-07-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag             | Wells Fargo Commercial Mortgage Trust                                                   | CUSIP: 95000PAH7<br>LEI: 549300TRQQDPEF728F16 | Long             | ABS-MBS          | CORP              | US        |   2258612 | PA      | $11999.55     | 0.00%             | 2049-12-15      | Variable      | 0.92%                 | No            |                  2 | On Loan: No      |
| CENTRAL STORAGE TRUST                      | Central Storage Safety Project Trust                                                    | CUSIP: 155431AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    735040 | PA      | $701770.06    | 0.03%             | 2038-02-01      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                    | National Australia Bank Ltd.                                                            | CUSIP: 632525CF6<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |   3960000 | PA      | $4160892.78   | 0.16%             | 2036-01-14      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                   | JP Morgan Mortgage Trust                                                                | CUSIP: 465983AB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1634984 | PA      | $1647627.92   | 0.07%             | 2064-02-25      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| GCAT                                       | GCAT Trust                                                                              | CUSIP: 36831CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    302978 | PA      | $306530.58    | 0.01%             | 2059-06-25      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| SLAM 2021-1 LLC                            | Slam Ltd.                                                                               | CUSIP: 78449AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2419890 | PA      | $2282474.85   | 0.09%             | 2046-06-15      | Fixed         | 2.43%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                | BNP Paribas S.A.                                                                        | CUSIP: 09659W3A0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    990000 | PA      | $1039029.30   | 0.04%             | 2033-01-13      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| FIDELIS INSUR HLD LTD                      | Fidelis Insurance Holdings Ltd.                                                         | CUSIP: 31575FAC0<br>LEI: 549300CDMGCAGJQ7DX03 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $534123.00    | 0.02%             | 2055-06-15      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| THUNDERBIRD 2022-1                         | Lightning A                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   3400000 | PA      | $3213617.85   | 0.13%             | 2037-03-01      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| Home Partners of America Trust             | Home Partners of America Trust                                                          | CUSIP: 43732VAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    479748 | PA      | $465258.52    | 0.02%             | 2026-12-17      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                   | Madison Park Funding XLVIII Ltd.                                                        | CUSIP: 55821UAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4000000 | PA      | $4002959.60   | 0.16%             | 2033-04-19      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| SMITHSONIAN INSTITUTION                    | Smithsonian Institution                                                                 | CUSIP: 832432AC2<br>LEI: 549300ZJ87IUCDSX4306 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $2745407.68   | 0.11%             | 2044-09-01      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                      | U.S. Secured Overnight Financing Rate                                                   | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |  95000000 | OU      | $26334.95     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ONEOK INC                                  | ONEOK, Inc.                                                                             | CUSIP: 682680DC4<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    800000 | PA      | $803007.75    | 0.03%             | 2035-10-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                         | Panama Government International Bond                                                    | CUSIP: 698299BH6<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |   1450000 | PA      | $1089196.50   | 0.04%             | 2050-04-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP                      | Norfolk Southern Corp.                                                                  | CUSIP: 655844CJ5<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    600000 | PA      | $425471.96    | 0.02%             | 2121-05-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Dominos Pizza Master Issuer LL             | Domino's Pizza Master Issuer LLC                                                        | CUSIP: 25755TAH3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5076000 | PA      | $5042259.32   | 0.20%             | 2047-07-25      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                  | ONEOK, Inc.                                                                             | CUSIP: 682680CA9<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    850000 | PA      | $625725.96    | 0.02%             | 2050-03-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Station Place Securitization T             | Station Place Securitization Trust Series 2025-SP1                                      | CUSIP: 85772TAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $4500000.00   | 0.18%             | 2026-07-02      | Floating      | 5.57%                 | No            |                  3 | On Loan: No      |
| Cross Mortgage Trust                       | Cross Mortgage Trust                                                                    | CUSIP: 22758NAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1294194 | PA      | $1305850.88   | 0.05%             | 2070-02-25      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US                     | Cushman & Wakefield US Borrower LLC                                                     | CUSIP: 23166MAA1<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |    296000 | PA      | $298693.90    | 0.01%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC FIN CO                     | Global Atlantic Finance Co.                                                             | CUSIP: 37959GAD9<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |   3841000 | PA      | $4450979.45   | 0.18%             | 2033-06-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| ASCOT GROUP LTD                            | Ascot Group Ltd.                                                                        | CUSIP: 04365XAB4<br>LEI: 213800DJV7WRJBE2II28 | Long             | DBT              | CORP              | BM        |   2050000 | PA      | $2136834.33   | 0.08%             | 2035-06-15      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| HAH GROUP HOLDING COMPANY LLC              | HAH Group Holding Co. LLC                                                               | CUSIP: N/A<br>LEI: 254900FFJQHW9R90FL74       | Long             | LON              | CORP              | US        |    138912 | PA      | $124716.18    | 0.00%             | 2031-09-24      | Variable      | 9.16%                 | No            |                  2 | On Loan: No      |
| GCAT                                       | GCAT Trust                                                                              | CUSIP: 36168MAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2709395 | PA      | $2585428.66   | 0.10%             | 2067-04-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| Cerberus                                   | Cerberus Loan Funding XXXII, LP                                                         | CUSIP: 15674LAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4149316 | PA      | $4160741.94   | 0.16%             | 2033-04-22      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                           | Deutsche Bank AG NY                                                                     | CUSIP: 251526CD9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    880000 | PA      | $834225.76    | 0.03%             | 2031-09-18      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA                   | Ginnie Mae                                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | USGA              | US        |  21240000 | PA      | $21386534.76  | 0.85%             | 2025-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                      | Foundry JV Holdco LLC                                                                   | CUSIP: 350930AJ2<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1066690.00   | 0.04%             | 2037-01-25      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                    | Capital Automotive REIT                                                                 | CUSIP: 12510HBA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    691250 | PA      | $664335.02    | 0.03%             | 2054-10-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                             | Morgan Stanley                                                                          | CUSIP: 61747YFM2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $2041643.74   | 0.08%             | 2039-02-07      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                    | American National Group, Inc.                                                           | CUSIP: 025676AN7<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1034422.28   | 0.04%             | 2029-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KKR GROUP FINAN CO VIII                    | KKR Group Finance Company VIII LLC                                                      | CUSIP: 48252MAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1184310.25   | 0.05%             | 2050-08-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SG Commercial Mortgage Securit             | SG Commercial Mortgage Securities Trust                                                 | CUSIP: 78419CAG9<br>LEI: 549300SZQW4U3UN4A157 | Long             | ABS-MBS          | CORP              | US        |   6708112 | PA      | $40838.99     | 0.00%             | 2048-10-10      | Variable      | 1.98%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | U.S. Treasury Notes                                                                     | CUSIP: 91282CLU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21000000 | PA      | $21306796.98  | 0.84%             | 2031-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FAIRFAX FINL HLDGS LTD                     | Fairfax Financial Holdings Ltd.                                                         | CUSIP: 303901BJ0<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |   1630000 | PA      | $1537542.67   | 0.06%             | 2031-03-03      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                        | Sound Point CLO XXXI Ltd.                                                               | CUSIP: 83615PAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2000000 | PA      | $2004360.20   | 0.08%             | 2034-10-25      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                             | Morgan Stanley                                                                          | CUSIP: 61747YFJ9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2465000 | PA      | $2757372.29   | 0.11%             | 2034-11-01      | Variable      | 6.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3140XKXB1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7041434 | PA      | $7020855.01   | 0.28%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust               | CD Mortgage Trust                                                                       | CUSIP: 12514MBD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1984132 | PA      | $6732.75      | 0.00%             | 2049-08-10      | Variable      | 1.47%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust              | UBS Commercial Mortgage Trust                                                           | CUSIP: 90276CAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7449813 | PA      | $104488.10    | 0.00%             | 2050-08-15      | Variable      | 1.20%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                   | Jefferies Finance LLC / JFIN Company-Issuer Corp.                                       | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2450000 | PA      | $2367152.52   | 0.09%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                           | CSC Holdings LLC                                                                        | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    600000 | PA      | $392913.00    | 0.02%             | 2030-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                     | BP Capital Markets plc                                                                  | CUSIP: 05565QDV7<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | US        |   5318000 | PA      | $5280412.38   | 0.21%             | N/A             | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Taco Bell Funding, LLC                     | Taco Bell Funding LLC                                                                   | CUSIP: 87342RAK0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    950000 | PA      | $951984.55    | 0.04%             | 2055-08-25      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| APOLLO MANAGEMENT HOLDIN                   | Apollo Management Holdings, LP                                                          | CUSIP: 03765HAF8<br>LEI: 5493006XQW0V5K38YM64 | Long             | DBT              | CORP              | US        |    930000 | PA      | $860822.92    | 0.03%             | 2030-06-05      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| SMITHFIELD FOODS INC                       | Smithfield Foods, Inc.                                                                  | CUSIP: 832248BD9<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2189911.00   | 0.09%             | 2031-09-13      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP                   | Host Hotels & Resorts, LP                                                               | CUSIP: 44107TBB1<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2816660.36   | 0.11%             | 2034-07-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                | RCKT Mortgage Trust                                                                     | CUSIP: 748956AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2054126 | PA      | $2079374.62   | 0.08%             | 2043-09-25      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| Cerberus                                   | Cerberus Loan Funding XLVII LLC                                                         | CUSIP: 156945AC1<br>LEI: 635400CIDEC6DQX2EU90 | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3016742.10   | 0.12%             | 2036-07-15      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| Washington Mutual Mortgage Pas             | Washington Mutual Mortgage Pass-Through Certificates WMALT Series Trust                 | CUSIP: 939346AB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    207132 | PA      | $175781.57    | 0.01%             | 2046-11-25      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                          | GXO Logistics, Inc.                                                                     | CUSIP: 36262GAG6<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |    440000 | PA      | $473068.15    | 0.02%             | 2034-05-06      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 38 Ltd                         | Elmwood CLO 38 Ltd.                                                                     | CUSIP: 289908AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $998299.90    | 0.04%             | 2038-04-22      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| GULFSTREAM NATURAL GAS                     | Gulfstream Natural Gas System LLC                                                       | CUSIP: 402740AG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2254043.68   | 0.09%             | 2035-07-23      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Cerberus                                   | Cerberus Loan Funding XXXVIII, LP                                                       | CUSIP: 15674XAA8<br>LEI: 6354009FMFQEKUGULT95 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1017118.50   | 0.04%             | 2034-10-15      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| MARS INC                                   | Mars, Inc.                                                                              | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1635418.45   | 0.06%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                     | Switch ABS Issuer LLC                                                                   | CUSIP: 871044AL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3050000 | PA      | $3021685.33   | 0.12%             | 2055-03-25      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                            | United States Treasury Inflation Indexed Bonds                                          | CUSIP: 91282CML2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  50644759 | PA      | $52136056.43  | 2.07%             | 2035-01-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX Trust                                                                               | CUSIP: 67449DAB5<br>LEI: 254900YXEB756F6RCA13 | Long             | ABS-MBS          | CORP              | US        |   2853201 | PA      | $2867582.41   | 0.11%             | 2064-10-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                       | Cross Mortgage Trust                                                                    | CUSIP: 22758NAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    937175 | PA      | $944302.80    | 0.04%             | 2070-02-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac                                                                             | CUSIP: 3132DWDS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  49752084 | PA      | $43798941.41  | 1.74%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COSTAR GROUP INC                           | CoStar Group, Inc.                                                                      | CUSIP: 22160NAA7<br>LEI: 984500Q1D53D08E2E698 | Long             | DBT              | CORP              | US        |   4130000 | PA      | $3780926.91   | 0.15%             | 2030-07-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization             | AASET Trust                                                                             | CUSIP: 00255UAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    372460 | PA      | $366480.97    | 0.01%             | 2040-01-16      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| EAGLE POINT HOLDINGS BORROWER LLC          | Eagle Point Holdings Borrower, LLC                                                      | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |   -389526 | PA      | $0.00         | 0.00%             | 2028-03-31      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| Carlyle Direct Lending CLO LLC             | Carlyle Direct Lending CLO LLC                                                          | CUSIP: 14310QAN8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2400000 | PA      | $2406000.00   | 0.10%             | 2036-07-15      | Floating      | 6.12%                 | 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     | 0.00%             | 2030-04-20      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                        | Dominion Energy, Inc.                                                                   | CUSIP: 25746UEA3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1660797.12   | 0.07%             | 2056-02-15      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                           | COLT Mortgage Loan Trust                                                                | CUSIP: 12674LAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    905628 | PA      | $909730.97    | 0.04%             | 2070-03-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| Cerberus                                   | Cerberus Loan Funding XLVIII LLC                                                        | CUSIP: 15675JAA8<br>LEI: 635400TT2BPIAD7JRA96 | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1509857.85   | 0.06%             | 2036-10-15      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| FIRST AMERICAN FINANCIAL                   | First American Financial Corp.                                                          | CUSIP: 31847RAJ1<br>LEI: 549300B6VEZK3N0A1P55 | Long             | DBT              | CORP              | US        |    490000 | PA      | $491362.88    | 0.02%             | 2034-09-30      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC                   | Liberty Mutual Group, Inc.                                                              | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |   5800000 | PA      | $5696720.44   | 0.23%             | 2051-12-15      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3140XLLJ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4996449 | PA      | $4975438.33   | 0.20%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HLEND CLO LLC                              | Hlend CLO LLC                                                                           | CUSIP: 43367AAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4450000 | PA      | $4435016.41   | 0.18%             | 2037-08-15      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| BRITISH AIR 20-1 A PPT                     | British Airways Class A Pass Through Trust                                              | CUSIP: 11044MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1692742 | PA      | $1649864.91   | 0.07%             | 2032-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3140QVE59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3096294 | PA      | $3194891.80   | 0.13%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION                           | LG Energy Solution Ltd.                                                                 | CUSIP: 50205MAG4<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |   2094000 | PA      | $2143444.26   | 0.08%             | 2030-04-02      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                      | Wells Fargo & Co.                                                                       | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |   5550000 | NS      | $5496101.18   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                 | Verus Securitization Trust                                                              | CUSIP: 92540VAD7<br>LEI: 213800TTP1CNX4WER720 | Long             | ABS-MBS          | CORP              | US        |   1374610 | PA      | $1380794.54   | 0.05%             | 2070-03-25      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| MSC MEDITERRANEAN SHIPPING CO SA           | Terminal Investment Limited Holding                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | LU        |   2800000 | PA      | $2829397.56   | 0.11%             | 2040-10-01      | Fixed         | 6.23%                 | No            |                  3 | On Loan: No      |
| J.P. Morgan Securities LLC                 | J.P. Morgan Securities LLC                                                              | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | RA               | CORP              | US        |  40603595 | PA      | $40603595.00  | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus             | BRAVO Residential Funding Trust                                                         | CUSIP: 10570NAA6<br>LEI: 254900UJENIYH5UEYD42 | Long             | ABS-MBS          | CORP              | US        |    691301 | PA      | $701317.76    | 0.03%             | 2054-04-25      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| AASET 2021-1 Trust                         | AASET Trust                                                                             | CUSIP: 00038PAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2058923 | PA      | $1973964.16   | 0.08%             | 2041-11-16      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| BIB MERCHANT VOUCHER RECEIVABLES LTD       | Bib Merchant Voucher Receivables Ltd.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    456243 | PA      | $453889.26    | 0.02%             | 2028-04-07      | Fixed         | 4.18%                 | No            |                  3 | On Loan: No      |
| ARES CLO Ltd                               | Ares XXVII CLO Ltd.                                                                     | CUSIP: 00190YBT1<br>LEI: 549300BC3E2Y44TL8536 | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $1002588.70   | 0.04%             | 2034-10-28      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST                     | Commonwealth Bank of Australia                                                          | CUSIP: 202712BX2<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |   3420000 | PA      | $3548134.95   | 0.14%             | 2046-03-14      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trus             | CFCRE Commercial Mortgage Trust                                                         | CUSIP: 12531WBC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2646868 | PA      | $2294.04      | 0.00%             | 2048-01-10      | Variable      | 1.04%                 | No            |                  2 | On Loan: No      |
| Navigator Aviation Ltd                     | Navigator Aviation Ltd.                                                                 | CUSIP: 63943DAA7<br>LEI: 984500UF8C3O89B30652 | Long             | ABS-O            | CORP              | KY        |   3459821 | PA      | $3462262.85   | 0.14%             | 2049-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| GCAT                                       | GCAT Trust                                                                              | CUSIP: 36831CAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    605965 | PA      | $612967.36    | 0.02%             | 2059-06-25      | Variable      | 6.54%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F             | Tarrant County Cultural Education Facilities Finance Corp. Revenue Bonds                | CUSIP: 87638QRE1<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    500000 | PA      | $438683.55    | 0.02%             | 2033-09-01      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                    | Nationwide Building Society                                                             | CUSIP: 63861VAM9<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    440000 | PA      | $443594.99    | 0.02%             | 2029-07-14      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                       | FS Rialto Issuer LLC                                                                    | CUSIP: 30340KAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $987859.70    | 0.04%             | 2042-08-19      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| GMAC Commercial Mortgage Asset             | GMAC Commercial Mortgage Asset Corp.                                                    | CUSIP: 36186YAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1381282 | PA      | $1346869.22   | 0.05%             | 2052-08-10      | Fixed         | 6.11%                 | No            |                  3 | On Loan: No      |
| LAZARD GROUP LLC                           | Lazard Group LLC                                                                        | CUSIP: 52107QAL9<br>LEI: FI94J2CJ1D7BIGVMS874 | Long             | DBT              | CORP              | US        |   3230000 | PA      | $3413460.26   | 0.14%             | 2031-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                     | Philip Morris International, Inc.                                                       | CUSIP: 718172DJ5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    750000 | PA      | $774442.22    | 0.03%             | 2034-02-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| STRATEGIC PARTNERS FUND VIII LP            | Strategic Partners Fund VIII, LP                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    771007 | PA      | $767053.60    | 0.03%             | 2026-03-10      | Variable      | 6.92%                 | No            |                  3 | On Loan: No      |
| Freddie Mac                                | Freddie Mac                                                                             | CUSIP: 3132DVMN2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  13250020 | PA      | $13568463.95  | 0.54%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALASKA AIR GROUP INC.                      | AS Mileage Plan Ltd.                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | KY        |   5210625 | PA      | $5217138.28   | 0.21%             | 2031-10-15      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                   | Greensaif Pipelines Bidco SARL                                                          | CUSIP: 39541EAC7<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $432592.46    | 0.02%             | 2042-02-23      | Fixed         | 6.51%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F             | Tarrant County Cultural Education Facilities Finance Corp. Revenue Bonds                | CUSIP: 87638QRC5<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    450000 | PA      | $405896.99    | 0.02%             | 2031-09-01      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| SPS Servicer Advance Receivabl             | SPS Servicer Advance Receivables Trust                                                  | CUSIP: 78472JAE3<br>LEI: 549300W6RZ3B25O0SH56 | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1246946.75   | 0.05%             | 2055-11-15      | Fixed         | 1.83%                 | No            |                  2 | On Loan: No      |
| PMT Loan Trust                             | PMT Loan Trust 2025-INV7                                                                | CUSIP: 73015FAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1163990 | PA      | $1183769.72   | 0.05%             | 2056-06-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD                        | Macquarie Group Ltd.                                                                    | CUSIP: 55608JAZ1<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |    980000 | PA      | $883760.51    | 0.04%             | 2033-01-14      | Variable      | 2.87%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac                                                                             | CUSIP: 3132DQAZ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6865116 | PA      | $6846467.36   | 0.27%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHOICE HOTELS INTL INC                     | Choice Hotels International, Inc.                                                       | CUSIP: 169905AG1<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |   6240000 | PA      | $5841794.15   | 0.23%             | 2031-01-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| CARLYLE GROUP INC/THE                      | Carlyle Group, Inc.                                                                     | CUSIP: 14316JAA6<br>LEI: 529900NGGVF94UK6PG95 | Long             | DBT              | CORP              | US        |   3630000 | PA      | $3617305.96   | 0.14%             | 2035-09-19      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| WESTERN DIGITAL CORP                       | Western Digital Corp.                                                                   | CUSIP: 958102AQ8<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1052971.02   | 0.04%             | 2029-02-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                         | Panama Government International Bond                                                    | CUSIP: 698299BS2<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |   2600000 | PA      | $1883518.00   | 0.07%             | 2063-01-19      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Provident Funding Mortgage Tru             | Provident Funding Mortgage Trust 2025-4                                                 | CUSIP: 74387AAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1900000 | PA      | $1899392.00   | 0.08%             | 2055-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3140XLP28<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4773325 | PA      | $4784865.21   | 0.19%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                        | JPMorgan Chase & Co.                                                                    | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   1570000 | NS      | $1625160.38   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                        | JPMorgan Chase & Co.                                                                    | CUSIP: 46647PFC5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1030000 | PA      | $1067782.46   | 0.04%             | 2036-07-23      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                | 6-Month/5-Year Interest Rate Swap                                                       | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        | -11406250 | NC      | $-37996.84    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LoanCore Issuer, Ltd.                      | LoanCore                                                                                | CUSIP: 53947FAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1095476.69   | 0.04%             | 2042-08-17      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                                | U.S. Treasury Bonds                                                                     | CUSIP: 912803HD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  39610000 | PA      | $10031645.63  | 0.40%             | 2054-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC                     | Brookfield Finance, Inc.                                                                | CUSIP: 11271LAF9<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    630000 | PA      | $445148.52    | 0.02%             | 2051-03-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | U.S. Treasury Notes                                                                     | CUSIP: 91282CNR8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  50000000 | PA      | $50234375.00  | 1.99%             | 2032-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART                    | Kinder Morgan Energy Partners, LP                                                       | CUSIP: 494550AT3<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |    725000 | PA      | $759707.38    | 0.03%             | 2035-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                   | Warnermedia Holdings, Inc.                                                              | CUSIP: 55903VBU6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    230000 | PA      | $171350.00    | 0.01%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| BLUE OWL GP STAKES V ISSUER                | Blue Owl Capital GP LLC                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   2495000 | PA      | $2632114.82   | 0.10%             | 2043-08-22      | Fixed         | 7.21%                 | No            |                  3 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                   | Citizens Financial Group, Inc.                                                          | CUSIP: 174610BG9<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    470000 | PA      | $517145.51    | 0.02%             | 2035-04-25      | Variable      | 6.64%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX Trust                                                                               | CUSIP: 67119CAC4<br>LEI: 254900Y1YRD8JNADSC78 | Long             | ABS-MBS          | CORP              | US        |    650551 | PA      | $658351.28    | 0.03%             | 2064-05-25      | Variable      | 6.59%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                | 1-Year/2-Year Interest Rate Swap                                                        | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        | -15968750 | NC      | $-38177.45    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                           | LPL Holdings, Inc.                                                                      | CUSIP: 50212YAK0<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    510000 | PA      | $532886.86    | 0.02%             | 2034-05-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac                                                                             | CUSIP: 3142GSN38<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8744275 | PA      | $9029301.42   | 0.36%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US              | GoldenTree Loan Management US CLO 1 Ltd.                                                | CUSIP: 38138JAU7<br>LEI: 549300CQMHYJ3DLMP206 | Long             | ABS-O            | CORP              | KY        |   2000000 | PA      | $2010923.40   | 0.08%             | 2037-04-20      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| FAIRFAX FINL HLDGS LTD                     | Fairfax Financial Holdings Ltd.                                                         | CUSIP: 303901BL5<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1039143.86   | 0.04%             | 2032-08-16      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                              | Citigroup, Inc.                                                                         | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   2300000 | NS      | $2370281.10   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                | Foreign Exchange USD/JPY                                                                | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |   1832000 | NC      | $53985.75     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Tricon Residential                         | Tricon Residential Trust                                                                | CUSIP: 89616VAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1529201.70   | 0.06%             | 2040-06-17      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| KBC GROUP NV                               | KBC Group N.V.                                                                          | CUSIP: 48241FAC8<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | DBT              | CORP              | BE        |    960000 | PA      | $1049995.77   | 0.04%             | 2034-09-21      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| Wave USA                                   | WAVE LLC                                                                                | CUSIP: 94354KAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    477489 | PA      | $461426.53    | 0.02%             | 2044-09-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| STRIPS                                     | U.S. Treasury Bonds                                                                     | CUSIP: 912834PB8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4600000 | PA      | $1793094.95   | 0.07%             | 2044-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                        | Dow Chemical Co.                                                                        | CUSIP: 260543DH3<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1121865.75   | 0.04%             | 2053-05-15      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                           | NTT Finance Corp.                                                                       | CUSIP: 62954WAS4<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    300000 | PA      | $304821.71    | 0.01%             | 2030-07-16      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                | FIGRE Trust                                                                             | CUSIP: 30191LAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1460250 | PA      | $1481117.29   | 0.06%             | 2055-01-25      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART                    | Kinder Morgan Energy Partners, LP                                                       | CUSIP: 28370TAD1<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |    880000 | PA      | $1031717.50   | 0.04%             | 2040-11-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GLOBE LIFE INC                             | Globe Life, Inc.                                                                        | CUSIP: 37959EAC6<br>LEI: 5493001JFHKQOPP6XA71 | Long             | DBT              | CORP              | US        |    740000 | PA      | $775863.33    | 0.03%             | 2034-09-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                | Oracle Corp.                                                                            | CUSIP: 68389XCA1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2128000 | PA      | $1582185.64   | 0.06%             | 2051-03-25      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                       | FirstKey Homes Trust                                                                    | CUSIP: 33767JBE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1350000 | PA      | $1344609.32   | 0.05%             | 2037-10-19      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                           | Societe Generale S.A.                                                                   | CUSIP: 83368RBV3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   2750000 | PA      | $2786795.94   | 0.11%             | 2028-01-19      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Secu             | JPMDB Commercial Mortgage Securities Trust                                              | CUSIP: 46590LAV4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5979953 | PA      | $16912.50     | 0.00%             | 2049-06-15      | Variable      | 1.62%                 | No            |                  2 | On Loan: No      |
| STEWART INFORMATION SERV                   | Stewart Information Services Corp.                                                      | CUSIP: 86038AAA0<br>LEI: 529900TV1XI0PLKENU10 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $985378.53    | 0.04%             | 2031-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| APPALACHIAN POWER CO                       | Appalachian Power Co.                                                                   | CUSIP: 037735CT2<br>LEI: 3SCHO1ABYYIG382BEI70 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1011209.40   | 0.04%             | 2044-05-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| ACREC LLC                                  | Acrec LLC                                                                               | CUSIP: 00112HAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $989194.90    | 0.04%             | 2042-08-18      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                              | Citigroup, Inc.                                                                         | CUSIP: 172967PG0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4900000 | PA      | $5082041.62   | 0.20%             | 2035-02-13      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| OMNIS FUNDING TRUST                        | Omnis Funding Trust                                                                     | CUSIP: 68218WAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2410000 | PA      | $2599541.52   | 0.10%             | 2055-05-15      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                    | American National Group, Inc.                                                           | CUSIP: 025676AM9<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |   5036000 | PA      | $5077362.98   | 0.20%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                  | 6-Month/5-Year Interest Rate Swap                                                       | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | US        | -11406250 | NC      | $-15441.78    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                | Uniform MBS 30 Year                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |  58784000 | PA      | $58246831.81  | 2.31%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding             | Avis Budget Rental Car Funding AESOP LLC                                                | CUSIP: 05377RHN7<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1800000 | PA      | $1910168.10   | 0.08%             | 2030-02-20      | Fixed         | 6.66%                 | No            |                  2 | On Loan: No      |
| Service Experts Issuer                     | Service Experts Issuer LLC                                                              | CUSIP: 81758FAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1431798 | PA      | $1464246.43   | 0.06%             | 2035-11-20      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| PARTNERRE FINANCE B LLC                    | PartnerRe Finance B LLC                                                                 | CUSIP: 70213BAC5<br>LEI: 549300O0FAGHK2F79881 | Long             | DBT              | CORP              | US        |   4040000 | PA      | $3811864.03   | 0.15%             | 2050-10-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                | Uniform MBS 30 Year                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |  34890000 | PA      | $35607512.85  | 1.41%             | 2026-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Owl Rock CLO Ltd                           | OWL Rock Clo XXII LLC                                                                   | CUSIP: 69121AAA4<br>LEI: 254900R8KCHZBP66MP06 | Long             | ABS-O            | CORP              | US        |   2200000 | PA      | $2203064.38   | 0.09%             | 2037-10-20      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| ARIZONA PUBLIC SERVICE                     | Arizona Public Service Co.                                                              | CUSIP: 040555DE1<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |    950000 | PA      | $1038781.92   | 0.04%             | 2032-12-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                    | Dryden 37 Senior Loan Fund                                                              | CUSIP: 26249YAE1<br>LEI: 254900I0IPNA482LDS44 | Long             | ABS-O            | CORP              | KY        |    298799 | PA      | $1357.41      | 0.00%             | 2031-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ACRE COMMERCIAL MORTGAGE TRUST             | ACRE Commercial Mortgage Ltd.                                                           | CUSIP: 00489TAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    773000 | PA      | $758023.13    | 0.03%             | 2037-12-18      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, In             | RALI Series Trust                                                                       | CUSIP: 761118VY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1487218 | PA      | $242495.34    | 0.01%             | 2046-02-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| F&G GLOBAL FUNDING                         | F&G Global Funding                                                                      | CUSIP: 30321L2J0<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |   3700000 | PA      | $3843221.01   | 0.15%             | 2030-01-16      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Ares Direct Lending CLO LLC                | Ares Direct Lending CLO 6 LLC                                                           | CUSIP: 039960AE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5350000 | PA      | $5350000.00   | 0.21%             | 2037-10-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                | 1-Year/2-Year Interest Rate Swap                                                        | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        | -15968750 | NC      | $-40203.24    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Anchorage Credit Funding Ltd.              | Anchorage Credit Funding 3 Ltd.                                                         | CUSIP: 03330EAJ3<br>LEI: 5493003NNQWXMTSTMF21 | Long             | ABS-O            | CORP              | KY        |   1100000 | PA      | $1054011.53   | 0.04%             | 2039-01-28      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                  | 6-Month/5-Year Interest Rate Swap                                                       | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | CA        | -11406250 | NC      | $-16269.08    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MID-ATLANTIC MILITARY CO                   | Mid-Atlantic Military Family Communities LLC                                            | CUSIP: 59524EAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2089198 | PA      | $1783972.05   | 0.07%             | 2050-08-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3138LNG88<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    590056 | PA      | $547411.11    | 0.02%             | 2048-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus             | BRAVO Residential Funding Trust                                                         | CUSIP: 10569LAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1120779 | PA      | $1132517.75   | 0.04%             | 2064-03-25      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| AMFAM HOLDINGS INC                         | AmFam Holdings, Inc.                                                                    | CUSIP: 03115AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1563191.60   | 0.06%             | 2031-03-11      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| MINERA MEXICO SA DE CV                     | Minera Mexico S.A. de CV                                                                | CUSIP: 60284MAC6<br>LEI: 2549005BMA2EK49I0T98 | Long             | DBT              | CORP              | MX        |   1030000 | PA      | $1061415.00   | 0.04%             | 2032-02-12      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                       | FS Rialto                                                                               | CUSIP: 30323CAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2000000 | PA      | $1997133.60   | 0.08%             | 2036-11-16      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                             | Rocket Companies, Inc.                                                                  | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    900000 | PA      | $928902.60    | 0.04%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3140LDC72<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1123794 | PA      | $842428.44    | 0.03%             | 2051-10-01      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                  | Towd Point Mortgage Trust                                                               | CUSIP: 89183GAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2597119 | PA      | $2601793.95   | 0.10%             | 2064-10-27      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORP                           | HF Sinclair Corp.                                                                       | CUSIP: 403949AS9<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |   2530000 | PA      | $2644606.40   | 0.10%             | 2035-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                   | Vantage Data Centers Issuer LLC                                                         | CUSIP: 92212KAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1102367.42   | 0.04%             | 2054-09-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                          | 6-Month/5-Year Interest Rate Swap                                                       | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DIR              |  | GB        | -11406250 | NC      | $-16492.41    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3140LA4W2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1931494 | PA      | $1419443.96   | 0.06%             | 2051-02-01      | Fixed         | 2.32%                 | No            |                  2 | On Loan: No      |
| PERSHING SQUARE TONTINE HOLDINGS LTD       | Pershing Square Tontine Holdings, Ltd. - Class A                                        | CUSIP: N/A<br>LEI: 549300ZDVEYEVCF35B08       | Long             | EC               | CORP              | US        |    622890 | NS      | $62.29        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Madison Park Funding Ltd                   | Madison Park Funding LVIII Ltd.                                                         | CUSIP: 55817BAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $1007057.30   | 0.04%             | 2037-04-25      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                               | AGL CLO 42 Ltd.                                                                         | CUSIP: 00791YAE8<br>LEI: 254900AMSJHVKQ5QFA09 | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $1003740.50   | 0.04%             | 2038-07-22      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                               | Entegris, Inc.                                                                          | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |   3700000 | PA      | $3668263.99   | 0.15%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Life Financial Services Trust              | Life Mortgage Trust                                                                     | CUSIP: 53218CAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1400000 | PA      | $1391250.00   | 0.06%             | 2038-03-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| UBS AG                                     | Foreign Exchange USD/JPY                                                                | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        | -11383000 | NC      | $-1511.09     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Commercial Mortgage Trust                                                            | CUSIP: 05609VAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3342457 | PA      | $3336189.92   | 0.13%             | 2036-09-15      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| JCP Direct Lending CLO LLC                 | JCP Direct Lending CLO 2023-1 LLC                                                       | CUSIP: 46656TAS5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |   2400000 | PA      | $2406018.96   | 0.10%             | 2037-07-20      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| HARBOURVEST STRUCTURED SOLUTIONS IV LP     | HarbourVest Partners LLC                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   2610000 | PA      | $2610000.00   | 0.10%             | 2030-09-15      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Eldridge CLO Ltd                           | Eldridge CLO 2025-1 Ltd.                                                                | CUSIP: 284913AE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   3000000 | PA      | $3000000.00   | 0.12%             | 2038-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                      | Palmer Square CLO Ltd.                                                                  | CUSIP: 69688GAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $1003610.40   | 0.04%             | 2037-07-20      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| AMERICO LIFE INC                           | Americo Life, Inc.                                                                      | CUSIP: 03060NAD2<br>LEI: 549300B5C1FRFHBYW144 | Long             | DBT              | CORP              | US        |   2060000 | PA      | $1857697.10   | 0.07%             | 2031-04-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                   | Angel Oak Mortgage Trust                                                                | CUSIP: 03464RAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150364 | PA      | $146182.25    | 0.01%             | 2059-12-25      | Variable      | 2.77%                 | No            |                  2 | On Loan: No      |
| KREF 2021-FL2 Ltd                          | KREF Ltd.                                                                               | CUSIP: 48275RAG2<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $994564.50    | 0.04%             | 2039-02-15      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| ENTERGY MISSISSIPPI LLC                    | Entergy Mississippi LLC                                                                 | CUSIP: 29366WAA4<br>LEI: 54930043I78H35DVVW89 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $988851.00    | 0.04%             | 2049-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                  | Towd Point Mortgage Trust                                                               | CUSIP: 89182FAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1168519 | PA      | $1186696.00   | 0.05%             | 2063-10-25      | Variable      | 7.29%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                           | Paramount Global                                                                        | CUSIP: 92553PAW2<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    908000 | PA      | $746153.08    | 0.03%             | 2044-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | U.S. Treasury Notes                                                                     | CUSIP: 91282CLQ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3580000 | PA      | $3597620.33   | 0.14%             | 2027-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru             | Vista Point Securitization Trust                                                        | CUSIP: 92841YAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2546230 | PA      | $2542435.91   | 0.10%             | 2054-10-25      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Capmark Military Housing Trust             | Capmark Military Housing Trust                                                          | CUSIP: 14066AAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2175717 | PA      | $1893965.74   | 0.08%             | 2051-07-10      | Fixed         | 6.15%                 | No            |                  3 | On Loan: No      |
| Golub Capital Partners CLO Ltd             | Golub Capital Partners CLO 16M-R3                                                       | CUSIP: 38181EAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4050000 | PA      | $3984055.07   | 0.16%             | 2039-08-09      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag             | Wells Fargo Commercial Mortgage Trust                                                   | CUSIP: 95000CBE2<br>LEI: 549300SGFUCMB43V8P22 | Long             | ABS-MBS          | CORP              | US        |   2576921 | PA      | $88.13        | 0.00%             | 2059-01-15      | Variable      | 1.51%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                   | Plains All American Pipeline Limited Partnership / PAA Finance Corp.                    | CUSIP: 72650RBH4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1140000 | PA      | $994271.16    | 0.04%             | 2045-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| SAFEHOLD GL HOLDINGS LLC                   | Safehold GL Holdings LLC                                                                | CUSIP: 78646UAB5<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              | CORP              | US        |   2428000 | PA      | $2154434.84   | 0.09%             | 2032-01-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Cerberus                                   | Cerberus Loan Funding XLVI, LP                                                          | CUSIP: 15675BAA5<br>LEI: 635400QFSCXQUKSANU86 | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1508590.80   | 0.06%             | 2036-07-15      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| SIERRA PACIFIC POWER CO                    | Sierra Pacific Power Co.                                                                | CUSIP: 826418BR5<br>LEI: QB888G5GSVGE1LD1WV84 | Long             | DBT              | CORP              | US        |    675000 | PA      | $675600.08    | 0.03%             | 2055-12-15      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                    | Nationwide Building Society                                                             | CUSIP: 63861VAN7<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   1500000 | PA      | $1542562.58   | 0.06%             | 2036-07-14      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| AMFAM HOLDINGS INC                         | AmFam Holdings, Inc.                                                                    | CUSIP: 03115AAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    850000 | PA      | $560506.88    | 0.02%             | 2051-03-11      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                                | U.S. Treasury Bonds                                                                     | CUSIP: 912803HH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $4959251.20   | 0.20%             | 2055-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                         | Tricon Residential Trust                                                                | CUSIP: 89616UAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $996157.30    | 0.04%             | 2041-04-17      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                | Extended Stay America Trust                                                             | CUSIP: 30227FAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    927604 | PA      | $927603.61    | 0.04%             | 2038-07-15      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE COLORADO                    | Public Service Company of Colorado                                                      | CUSIP: 744448DC2<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1063436.99   | 0.04%             | 2035-09-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                    | BDS LLC                                                                                 | CUSIP: 072921AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $995854.20    | 0.04%             | 2042-10-21      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                           | Berry Global, Inc.                                                                      | CUSIP: 085770AA3<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   2156000 | PA      | $2156304.00   | 0.09%             | 2026-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                    | America Movil SAB de CV                                                                 | CUSIP: 02364WAW5<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |    980000 | PA      | $1048144.65   | 0.04%             | 2040-03-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                       | FS Rialto Issuer LLC                                                                    | CUSIP: 30340KAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1400000 | PA      | $1393682.08   | 0.06%             | 2042-08-19      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                | FIGRE Trust 2025-PF2                                                                    | CUSIP: 316918AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2250000 | PA      | $2247880.50   | 0.09%             | 2055-10-25      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                           | COLT Mortgage Loan Trust                                                                | CUSIP: 19688RAA7<br>LEI: 213800MIPEZY1A8W1N28 | Long             | ABS-MBS          | CORP              | US        |   1950483 | PA      | $1979126.17   | 0.08%             | 2068-09-25      | Variable      | 7.18%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                   | Prudential Financial, Inc.                                                              | CUSIP: 744320BH4<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   1160000 | PA      | $1083542.20   | 0.04%             | 2050-10-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                            | United States Treasury Inflation Indexed Bonds                                          | CUSIP: 91282CHP9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2052690 | PA      | $2020951.73   | 0.08%             | 2033-07-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Five Guys Funding, LLC                     | Five Guys Holdings, Inc.                                                                | CUSIP: 33830JAE5<br>LEI: 549300XWT8G8Q3Z3HJ19 | Long             | ABS-O            | CORP              | US        |   2034625 | PA      | $2116266.97   | 0.08%             | 2054-01-26      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| BELROSE FUNDING TRUST II                   | Belrose Funding Trust II                                                                | CUSIP: 08079KAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2440000 | PA      | $2642366.67   | 0.10%             | 2055-05-15      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                    | Goldman Sachs Group, Inc.                                                               | CUSIP: 38148YAA6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1048716.13   | 0.04%             | 2038-10-31      | Variable      | 4.02%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                   | Rocket Mortgage LLC / Rocket Mortgage Company-Issuer, Inc.                              | CUSIP: 74841CAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3150000 | PA      | $2941607.91   | 0.12%             | 2031-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                  | Foreign Exchange USD/JPY                                                                | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |    431000 | NC      | $12700.79     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                   | Cheniere Energy Partners, LP                                                            | CUSIP: 16411QAQ4<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    750000 | PA      | $793948.17    | 0.03%             | 2033-06-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd             | Golub Capital Partners CLO 16M-R3                                                       | CUSIP: 38181EAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    400000 | PA      | $400669.84    | 0.02%             | 2039-08-09      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK                   | Federal Farm Credit Bank                                                                | CUSIP: 3133EJKT5<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   3300000 | PA      | $2855612.10   | 0.11%             | 2040-06-11      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                 | Verus Securitization Trust                                                              | CUSIP: 92540RAE4<br>LEI: 213800LFRCPWSTP6LX39 | Long             | ABS-MBS          | CORP              | US        |   2364031 | PA      | $2377867.61   | 0.09%             | 2069-11-25      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC        | 9-Month/5-Year Interest Rate Swap                                                       | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        | -35955000 | NC      | $-126705.78   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd             | Golub Capital Partners CLO 46 Ltd.                                                      | CUSIP: 38178UAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $997576.40    | 0.04%             | 2037-04-20      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                             | Amazon.com, Inc.                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   3286800 | PA      | $2738224.38   | 0.11%             | 2042-10-10      | Fixed         | 2.65%                 | No            |                  3 | On Loan: No      |
| BPCE SA                                    | BPCE S.A.                                                                               | CUSIP: 05583JAJ1<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   8200000 | PA      | $7231261.51   | 0.29%             | 2032-01-20      | Variable      | 2.28%                 | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization             | AASET Ltd.                                                                              | CUSIP: 00038QAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3719989 | PA      | $3793323.42   | 0.15%             | 2049-09-16      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | U.S. Treasury Notes                                                                     | CUSIP: 91282CKF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  85832400 | PA      | $87220471.27  | 3.46%             | 2031-03-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                         | BSPRT 2025-FL12 Issuer LLC                                                              | CUSIP: 05619BAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1096783.60   | 0.04%             | 2043-01-17      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                | 1-Year/2-Year Interest Rate Swap                                                        | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        | -11406250 | NC      | $-33046.64    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg             | Saluda Grade Alternative Mortgage Trust 2025-LOC4                                       | CUSIP: 79589VAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1861473 | PA      | $1864594.73   | 0.07%             | 2055-06-25      | Floating      | 6.11%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                | FIGRE Trust                                                                             | CUSIP: 31684GAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    965998 | PA      | $984872.25    | 0.04%             | 2054-07-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| Oak Street Investment Grade Ne             | Oak Street Investment Grade Net Lease Fund Series                                       | CUSIP: 67181DAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2477083 | PA      | $2186959.67   | 0.09%             | 2050-11-20      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS I LLC                       | QTS Issuer ABS I LLC                                                                    | CUSIP: 74690DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5700000 | PA      | $5821678.47   | 0.23%             | 2055-05-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                   | Vantage Data Centers LLC                                                                | CUSIP: 92212KAH9<br>LEI: 5493000RL8X7WTQ7HO20 | Long             | ABS-O            | CORP              | US        |   4850000 | PA      | $4874563.80   | 0.19%             | 2055-08-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX 2025-HE1 Trust                                                                      | CUSIP: 67121CAB2<br>LEI: 2549002GJHC7CO92J583 | Long             | ABS-MBS          | CORP              | US        |   1800000 | PA      | $1809669.06   | 0.07%             | 2055-02-25      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| Pershing Square Tontine Holdings, Ltd.     | Pershing Square Tontine Holdings, Ltd.                                                  | CUSIP: N/A<br>LEI: 549300ZDVEYEVCF35B08       | N/A              | DE               |  | US        |     69210 | NS      | $6.92         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CHARLES SCHWAB CORP                        | Charles Schwab Corp.                                                                    | CUSIP: 808513BJ3<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |   8500000 | NS      | $7976083.80   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Wildwood Park CLO LTD                      | Wildwood Park CLO Ltd.                                                                  | CUSIP: 968209AC0<br>LEI: 254900BZ1VFIEIOEK304 | Long             | ABS-O            | CORP              | JE        |   1000000 | PA      | $1005960.00   | 0.04%             | 2037-10-20      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| YALE-NEW HAVEN HLTH SRVC                   | Yale-New Haven Health Services Corp.                                                    | CUSIP: 98459HAA0<br>LEI: 549300AVJD56IH6OKW11 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $1328756.15   | 0.05%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| STORE Master Funding LLC                   | Store Master Funding I-VII XIV XIX XX XXIV XXII                                         | CUSIP: 86212XAL4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    496458 | PA      | $502887.37    | 0.02%             | 2054-05-20      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac                                                                             | CUSIP: 3132WWAU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1286794 | PA      | $904443.74    | 0.04%             | 2050-05-01      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                       | Targa Resources Corp.                                                                   | CUSIP: 87612GAD3<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    930000 | PA      | $979074.09    | 0.04%             | 2053-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FLOWSERVE CORPORATION                      | Flowserve Corp.                                                                         | CUSIP: 34355JAB4<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | DBT              | CORP              | US        |    317000 | PA      | $280655.17    | 0.01%             | 2032-01-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                   | Plains All American Pipeline Limited Partnership / PAA Finance Corp.                    | CUSIP: 72650RBP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2850000 | PA      | $2937574.69   | 0.12%             | 2034-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                   | Angel Oak Mortgage Trust                                                                | CUSIP: 034943AA8<br>LEI: 25490046TFINGL6XED11 | Long             | ABS-MBS          | CORP              | US        |   1934316 | PA      | $1957548.75   | 0.08%             | 2069-01-25      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                              | U.S. Treasury Bills                                                                     | CUSIP: 912797NA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5400000 | PA      | $5382364.30   | 0.21%             | 2025-10-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A             | Government National Mortgage Association                                                | CUSIP: 38385CRP5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | CORP              | US        |    870884 | PA      | $866671.30    | 0.03%             | 2055-01-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                       | Bank of America Corp.                                                                   | CUSIP: 06051GHT9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1020000 | PA      | $1015925.94   | 0.04%             | 2027-04-23      | Variable      | 3.56%                 | No            |                  2 | On Loan: No      |
| HASBRO INC                                 | Hasbro, Inc.                                                                            | CUSIP: 418056BA4<br>LEI: 549300NUB6D2R1ITYR45 | Long             | DBT              | CORP              | US        |    980000 | PA      | $1024986.83   | 0.04%             | 2034-05-14      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                   | BENCHMARK Mortgage Trust                                                                | CUSIP: 08162CAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  27958068 | PA      | $215128.95    | 0.01%             | 2051-10-10      | Variable      | 0.55%                 | No            |                  2 | On Loan: No      |
| BrightSpire Capital, Inc                   | BRSP Ltd.                                                                               | CUSIP: 05591XAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2000000 | PA      | $1997189.00   | 0.08%             | 2038-08-19      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| TESCO PLC                                  | Tesco plc                                                                               | CUSIP: 881575AC8<br>LEI: 2138002P5RNKC5W2JZ46 | Long             | DBT              | CORP              | GB        |    980000 | PA      | $1021673.03   | 0.04%             | 2037-11-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| CONSTAR INTERNATIONAL HOLDINGS LLC         | Constar International Holdings LLC                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |         7 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BNP Paribas                                | 9-Month/5-Year Interest Rate Swap                                                       | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  35955000 | NC      | $453768.28    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                            | CMS Energy Corp.                                                                        | CUSIP: 125896BY5<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1863628.22   | 0.07%             | 2055-06-01      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                           | DT Midstream, Inc.                                                                      | CUSIP: 23345MAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2450000 | PA      | $2525926.26   | 0.10%             | 2034-12-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                | 9-Month/5-Year Interest Rate Swap                                                       | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        | -35955000 | NC      | $-126705.78   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ING GROEP NV                               | ING Groep N.V.                                                                          | CUSIP: 456837BQ5<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1020000 | PA      | $1033520.89   | 0.04%             | 2029-03-25      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                         | Macquarie Bank Ltd.                                                                     | CUSIP: 556079AC5<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |   2090000 | PA      | $1991543.24   | 0.08%             | 2030-06-03      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ARES FINANCE CO II LLC                     | Ares Finance Company II LLC                                                             | CUSIP: 04015KAB6<br>LEI: 54930012GWL4VKKENG46 | Long             | DBT              | CORP              | US        |   1469000 | PA      | $1387508.86   | 0.05%             | 2030-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F             | Tarrant County Cultural Education Facilities Finance Corp. Revenue Bonds                | CUSIP: 87638QRF8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    700000 | PA      | $605317.09    | 0.02%             | 2034-09-01      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                | RCKT Mortgage Trust                                                                     | CUSIP: 749427AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1125041 | PA      | $1138187.86   | 0.05%             | 2045-01-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust               | GS Mortgage Securities Trust                                                            | CUSIP: 36258YBJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17607941 | PA      | $375300.94    | 0.01%             | 2053-02-13      | Variable      | 0.73%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3140LA3W3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1607638 | PA      | $1174647.77   | 0.05%             | 2051-02-01      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                   | OBX Trust                                                                               | CUSIP: 67119FAA1<br>LEI: 254900FVMB3WTXJGGR91 | Long             | ABS-MBS          | CORP              | US        |    662618 | PA      | $671350.50    | 0.03%             | 2064-03-25      | Variable      | 6.24%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer LL             | Stack Infrastructure Issuer LLC                                                         | CUSIP: 85236KAP7<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |   2900000 | PA      | $2887916.28   | 0.11%             | 2050-05-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac                                                                             | CUSIP: 3142GSFG8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8427892 | PA      | $8719767.02   | 0.35%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH SF MT             | Michigan State Housing Development Authority Revenue Bonds                              | CUSIP: 594654C78<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1118869.18   | 0.04%             | 2050-12-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage              | Citigroup Commercial Mortgage Trust                                                     | CUSIP: 17328HBF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18462182 | PA      | $391551.48    | 0.02%             | 2052-11-10      | Variable      | 0.72%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                  | 9-Month/5-Year Interest Rate Swap                                                       | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | US        | -35955000 | NC      | $-126705.78   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| STRIP PRINC                                | U.S. Treasury Bonds                                                                     | CUSIP: 912803GY3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  28290000 | PA      | $7316581.03   | 0.29%             | 2054-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | U.S. Treasury Bonds                                                                     | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9330000 | PA      | $9359156.25   | 0.37%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BLUE OWL GP STAKES III                     | Dyal Capital Partners III (A), LP                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    980000 | PA      | $988484.46    | 0.04%             | 2044-06-15      | Fixed         | 6.55%                 | No            |                  3 | On Loan: No      |
| Stack Infrastructure Issuer LL             | Stack Infrastructure Issuer LLC                                                         | CUSIP: 85236KAM4<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1270527.88   | 0.05%             | 2049-03-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                               | Ares LVI CLO Ltd.                                                                       | CUSIP: 04018NBC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1400000 | PA      | $1403911.88   | 0.06%             | 2038-01-25      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae                                                                              | CUSIP: 3136BWL61<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3039966 | PA      | $3046029.51   | 0.12%             | 2053-01-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Copper River CLO Ltd                       | Copper River CLO Ltd.                                                                   | CUSIP: 217563AC9<br>LEI: 5493005HHHXVM8NBWY47 | Long             | ABS-O            | CORP              | KY        |    700000 | PA      | $70.00        | 0.00%             | 2021-01-20      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| AFN ABSPROP001 Llc                         | AFN ABSPROP001 LLC                                                                      | CUSIP: 00110XAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1399174 | PA      | $1281052.77   | 0.05%             | 2051-05-20      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                          | HSBC Holdings plc                                                                       | CUSIP: 404280EN5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1010000 | PA      | $1041818.72   | 0.04%             | 2030-11-19      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust             | Morgan Stanley Capital I Trust                                                          | CUSIP: 61767FBB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5382054 | PA      | $34462.91     | 0.00%             | 2049-08-15      | Variable      | 1.56%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC                     | Brookfield Finance, Inc.                                                                | CUSIP: 11271LAQ5<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |   1550000 | PA      | $1558182.35   | 0.06%             | 2036-01-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN PUBLIC SERV                   | Southwestern Public Service Co.                                                         | CUSIP: 845743BR3<br>LEI: OL6FE7QD5EQ3DOYEO258 | Long             | DBT              | CORP              | US        |   2450000 | PA      | $1845350.90   | 0.07%             | 2047-08-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                       | Flutter Treasury Designated Activity Co.                                                | CUSIP: 344045AA7<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |   1050000 | PA      | $1084249.95   | 0.04%             | 2029-04-29      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ONEAMERICA FINL PARTNERS                   | OneAmerica Financial Partners, Inc.                                                     | CUSIP: 682441AB6<br>LEI: 5493009S1SVD6UNUDB08 | Long             | DBT              | CORP              | US        |   2056000 | PA      | $1606980.81   | 0.06%             | 2050-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                    | National Australia Bank Ltd.                                                            | CUSIP: 632525AY7<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |    975000 | PA      | $889318.69    | 0.04%             | 2031-05-21      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| GCAT                                       | GCAT 2025-NQM4 Trust                                                                    | CUSIP: 367923AD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3290486 | PA      | $3316194.73   | 0.13%             | 2070-06-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                    | Corebridge Global Funding                                                               | CUSIP: 00138CBH0<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   2375000 | PA      | $2385573.29   | 0.09%             | 2032-08-21      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Anchorage Credit Funding Ltd.              | Anchorage Credit Funding 4 Ltd.                                                         | CUSIP: 03329TAG9<br>LEI: 549300VR9XUOV1E0U888 | Long             | ABS-O            | CORP              | KY        |   7250000 | PA      | $6858396.33   | 0.27%             | 2039-04-27      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                       | Bank of America Corp.                                                                   | CUSIP: 06055HAK9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |    900000 | NS      | $911498.90    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| HANOVER INSURANCE GROUP                    | Hanover Insurance Group, Inc.                                                           | CUSIP: 410867AH8<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1315324.10   | 0.05%             | 2035-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                           | Altria Group, Inc.                                                                      | CUSIP: 02209SBN2<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $922352.77    | 0.04%             | 2051-02-04      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| GCAT                                       | GCAT Trust                                                                              | CUSIP: 36831DAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2619082 | PA      | $2664358.57   | 0.11%             | 2055-08-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                | State of Illinois General Obligation Unlimited                                          | CUSIP: 452152ZB0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    388889 | PA      | $402326.46    | 0.02%             | 2038-12-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Fortress Credit Opportunities              | Fortress Credit Opportunities IX CLO Ltd.                                               | CUSIP: 34961JAY0<br>LEI: 2549008RD44HDM6DNP14 | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $1001976.60   | 0.04%             | 2033-10-15      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| STORE Master Funding LLC                   | Store Master Funding I-VII XIV XIX XX XXIV XXII                                         | CUSIP: 86212XAM2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    933342 | PA      | $955303.19    | 0.04%             | 2054-05-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                | Foreign Exchange USD/JPY                                                                | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |  -1042000 | NC      | $-138.33      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FIRST REPUBLIC BANK                        | First Republic Bank                                                                     | CUSIP: 33616C746<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EP               | CORP              | US        |     77975 | NS      | $7.80         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Guggenheim Funds Trust

**Signature:** James Howley

**Name of Signer:** James Howley

**Title:** CFO