# EDGAR Filing Document

**Accession Number:** 0000052136
**File Stem:** 0001410368-25-031139
**Filing Date:** 2025-11
**Character Count:** 510698
**Document Hash:** 4f7a0f64d17c4fe90954d6b2553268ec
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-031139.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001410368-25-031139

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Natixis Funds Trust II
- **CENTRAL INDEX KEY:** 0000052136

**ORGANIZATION NAME:**
- **EIN:** 041990692
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-00242
- **FILM NUMBER:** 251522622

**BUSINESS ADDRESS:**
- **STREET 1:** 888 BOYLSTON STREET
- **STREET 2:** 8TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 800-283-1155

**MAIL ADDRESS:**
- **STREET 1:** 888 BOYLSTON STREET
- **STREET 2:** 8TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IXIS Advisor Funds Trust II
- **DATE OF NAME CHANGE:** 20050502

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CDC NVEST FUNDS TRUST II
- **DATE OF NAME CHANGE:** 20010503

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NVEST FUNDS TRUST II
- **DATE OF NAME CHANGE:** 20000202

## Series and Classes Contracts Data

### Loomis Sayles Strategic Alpha Fund (Series ID: S000030600)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000094853 | Class A      | LABAX           |
| C000094854 | Class C      | LABCX           |
| C000094855 | Class Y      | LASYX           |
| C000190722 | Class N      | LASNX           |

## Nport-Ex

**Portfolio of Investments – as of September 30, 2025 (Unaudited)**

Loomis Sayles Strategic Alpha Fund

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount (‡)**<br>| **Description** | **Value (†)** |
| **Bonds and Notes — 70.9% of Net Assets** | **Bonds and Notes — 70.9% of Net Assets** | **Bonds and Notes — 70.9% of Net Assets** |
| **Non-Convertible Bonds — 70.7%** | **Non-Convertible Bonds — 70.7%** | **Non-Convertible Bonds — 70.7%** |
|  | **ABS Car Loan — 3.1%** | **ABS Car Loan — 3.1%** |
| $405000 | &nbsp;&nbsp; American Credit Acceptance Receivables Trust, <br> Series 2023-3, Class D, 6.820%, 10/12/2029(a)<br>| &nbsp;&nbsp; $414291 |
| 730000 | &nbsp;&nbsp; American Credit Acceptance Receivables Trust, <br> Series 2023-4, Class D, 7.650%, 9/12/2030(a)<br>| &nbsp;&nbsp; 757280 |
| 300000 | &nbsp;&nbsp; American Credit Acceptance Receivables Trust, <br> Series 2025-1, Class D, 5.540%, 8/12/2031(a)<br>| &nbsp;&nbsp; 303791 |
| 1500000 | &nbsp;&nbsp; Avis Budget Rental Car Funding AESOP LLC, <br> Series 2020-2A, Class C, 4.250%, 2/20/2027(a)<br>| &nbsp;&nbsp; 1498094 |
| 840000 | &nbsp;&nbsp; Avis Budget Rental Car Funding AESOP LLC, <br> Series 2023-4A, Class D, 7.310%, 6/20/2029(a)<br>| &nbsp;&nbsp; 860132 |
| 940000 | &nbsp;&nbsp; Avis Budget Rental Car Funding AESOP LLC, <br> Series 2024-3A, Class B, 5.580%, 12/20/2030(a)<br>| &nbsp;&nbsp; 969039 |
| 205000 | &nbsp;&nbsp; Avis Budget Rental Car Funding AESOP LLC, <br> Series 2024-3A, Class C, 6.110%, 12/20/2030(a)<br>| &nbsp;&nbsp; 210467 |
| 945000 | &nbsp;&nbsp; Avis Budget Rental Car Funding AESOP LLC, <br> Series 2025-2A, Class C, 6.240%, 8/20/2031(a)<br>| &nbsp;&nbsp; 978769 |
| 875000 | &nbsp;&nbsp; Bridgecrest Lending Auto Securitization Trust, <br> Series 2024-2, Class D, 6.300%, 2/15/2030<br>| &nbsp;&nbsp; 897925 |
| 1720000 | &nbsp;&nbsp; CarMax Select Receivables Trust, Series 2025-B, <br> Class D, 5.330%, 7/15/2031<br>| &nbsp;&nbsp; 1712640 |
| 265000 | &nbsp;&nbsp; Carvana Auto Receivables Trust, Series 2023-N1, <br> Class D, 6.690%, 7/10/2029(a)<br>| &nbsp;&nbsp; 271047 |
| 125000 | &nbsp;&nbsp; Carvana Auto Receivables Trust, Series 2023-N4, <br> Class D, 7.220%, 2/11/2030(a)<br>| &nbsp;&nbsp; 130188 |
| 100000 | &nbsp;&nbsp; Carvana Auto Receivables Trust, Series 2024-N1, <br> Class C, 5.800%, 5/10/2030(a)<br>| &nbsp;&nbsp; 102061 |
| 320000 | &nbsp;&nbsp; Carvana Auto Receivables Trust, Series 2024-N3, <br> Class D, 5.380%, 12/10/2030(a)<br>| &nbsp;&nbsp; 323402 |
| 209000 | &nbsp;&nbsp; Carvana Auto Receivables Trust, Series 2024-P1, <br> Class D, 6.250%, 3/10/2031(a)<br>| &nbsp;&nbsp; 215925 |
| 100000 | &nbsp;&nbsp; Credit Acceptance Auto Loan Trust, <br> Series 2024-1A, Class C, 6.710%, 7/17/2034(a)<br>| &nbsp;&nbsp; 102912 |
| 290000 | &nbsp;&nbsp; Credit Acceptance Auto Loan Trust, <br> Series 2024-2A, Class C, 6.700%, 10/16/2034(a)<br>| &nbsp;&nbsp; 300462 |
| 260000 | &nbsp;&nbsp; Credit Acceptance Auto Loan Trust, <br> Series 2024-3A, Class C, 5.390%, 1/16/2035(a)<br>| &nbsp;&nbsp; 262761 |
| 255000 | &nbsp;&nbsp; Drive Auto Receivables Trust, Series 2024-1, <br> Class C, 5.430%, 11/17/2031<br>| &nbsp;&nbsp; 259171 |
| 680000 | &nbsp;&nbsp; Drive Auto Receivables Trust, Series 2025-2, <br> Class D, 4.900%, 12/15/2032<br>| &nbsp;&nbsp; 679002 |
| 2187143 | &nbsp;&nbsp; DT Auto Owner Trust, Series 2022-2A, Class D, <br> 5.460%, 3/15/2028(a)<br>| &nbsp;&nbsp; 2193703 |
| 1830000 | &nbsp;&nbsp; DT Auto Owner Trust, Series 2023-3A, Class D, <br> 7.120%, 5/15/2029(a)<br>| &nbsp;&nbsp; 1897902 |
| 960000 | &nbsp;&nbsp; Exeter Automobile Receivables Trust, <br> Series 2023-5A, Class D, 7.130%, 2/15/2030<br>| &nbsp;&nbsp; 998048 |
| 365000 | &nbsp;&nbsp; Exeter Automobile Receivables Trust, <br> Series 2024-5A, Class D, 5.060%, 2/18/2031<br>| &nbsp;&nbsp; 366958 |
| 225000 | &nbsp;&nbsp; Flagship Credit Auto Trust, Series 2022-3, Class C, <br> 4.990%, 7/17/2028(a)<br>| &nbsp;&nbsp; 223122 |
| 160000 | &nbsp;&nbsp; Flagship Credit Auto Trust, Series 2022-4, Class C, <br> 7.710%, 10/16/2028(a)<br>| &nbsp;&nbsp; 161673 |
| 275000 | &nbsp;&nbsp; Flagship Credit Auto Trust, Series 2023-1, Class C, <br> 5.430%, 5/15/2029(a)<br>| &nbsp;&nbsp; 272469 |
| 290000 | &nbsp;&nbsp; Flagship Credit Auto Trust, Series 2023-3, Class C, <br> 6.010%, 7/16/2029(a)<br>| &nbsp;&nbsp; 289149 |
| 105000 | &nbsp;&nbsp; Flagship Credit Auto Trust, Series 2023-3, Class D, <br> 6.580%, 8/15/2029(a)<br>| &nbsp;&nbsp; 103055 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **ABS Car Loan — continued** | **ABS Car Loan — continued** |
| $180000 | &nbsp;&nbsp; Flagship Credit Auto Trust, Series 2024-1, Class C, <br> 5.790%, 2/15/2030(a)<br>| &nbsp;&nbsp; $177487 |
| 285000 | &nbsp;&nbsp; Ford Credit Auto Lease Trust, Series 2023-B, <br> Class D, 6.970%, 6/15/2028<br>| &nbsp;&nbsp; 287742 |
| 460000 | &nbsp;&nbsp; Ford Credit Auto Owner Trust, Series 2023-2, <br> Class D, 6.600%, 2/15/2036(a)<br>| &nbsp;&nbsp; 478365 |
| 240000 | &nbsp;&nbsp; GLS Auto Receivables Issuer Trust, <br> Series 2023-3A, Class D, 6.440%, 5/15/2029(a)<br>| &nbsp;&nbsp; 245485 |
| 200000 | &nbsp;&nbsp; GLS Auto Receivables Issuer Trust, <br> Series 2024-1A, Class D, 5.950%, 12/17/2029(a)<br>| &nbsp;&nbsp; 204775 |
| 105000 | &nbsp;&nbsp; GLS Auto Select Receivables Trust, <br> Series 2024-2A, Class C, 5.930%, 6/17/2030(a)<br>| &nbsp;&nbsp; 108020 |
| 100000 | &nbsp;&nbsp; GLS Auto Select Receivables Trust, <br> Series 2024-2A, Class D, 6.370%, 8/15/2031(a)<br>| &nbsp;&nbsp; 103874 |
| 100000 | &nbsp;&nbsp; GLS Auto Select Receivables Trust, <br> Series 2024-4A, Class D, 5.280%, 10/15/2031(a)<br>| &nbsp;&nbsp; 101733 |
| 1530000 | &nbsp;&nbsp; Hertz Vehicle Financing III LLC, Series 2025-3A, <br> Class C, 6.130%, 12/26/2029(a)<br>| &nbsp;&nbsp; 1547436 |
| 382835 | &nbsp;&nbsp; Huntington Bank Auto Credit-Linked Notes, <br> Series 2025-2, Class C, 30 day USD SOFR Average <br> + 2.350%, 6.739%, 9/20/2033(a)(b)<br>| &nbsp;&nbsp; 382357 |
| 100000 | &nbsp;&nbsp; LAD Auto Receivables Trust, Series 2024-3A, <br> Class D, 5.180%, 2/17/2032(a)<br>| &nbsp;&nbsp; 101274 |
| 210000 | &nbsp;&nbsp; Prestige Auto Receivables Trust, Series 2023-2A, <br> Class D, 7.710%, 8/15/2029(a)<br>| &nbsp;&nbsp; 218396 |
| 955000 | &nbsp;&nbsp; Santander Drive Auto Receivables Trust, <br> Series 2024-3, Class D, 5.970%, 10/15/2031<br>| &nbsp;&nbsp; 982445 |
| 100000 | &nbsp;&nbsp; SBNA Auto Receivables Trust, Series 2024-A, <br> Class D, 6.040%, 4/15/2030(a)<br>| &nbsp;&nbsp; 103187 |
| 625000 | &nbsp;&nbsp; USB Auto Owner Trust, Series 2025-1A, Class D, <br> 5.400%, 12/15/2032(a)<br>| &nbsp;&nbsp; 633937 |
| 930000 | &nbsp;&nbsp; Western Funding Auto Loan Trust, Series 2025-1, <br> Class C, 5.340%, 11/15/2035(a)<br>| &nbsp;&nbsp; 941139 |
| 1920000 | &nbsp;&nbsp; Westlake Automobile Receivables Trust, <br> Series 2022-2A, Class D, 5.480%, 9/15/2027(a)<br>| &nbsp;&nbsp; 1927183 |
| 635000 | &nbsp;&nbsp; Westlake Automobile Receivables Trust, <br> Series 2023-3A, Class D, 6.470%, 3/15/2029(a)<br>| &nbsp;&nbsp; 653727 |
| 815000 | &nbsp;&nbsp; Westlake Automobile Receivables Trust, <br> Series 2023-4A, Class D, 7.190%, 7/16/2029(a)<br>| &nbsp;&nbsp; 847850 |
| 290000 | &nbsp;&nbsp; Westlake Automobile Receivables Trust, <br> Series 2024-1A, Class C, 5.650%, 2/15/2029(a)<br>| &nbsp;&nbsp; 294176 |
| 720000 | &nbsp;&nbsp; Westlake Automobile Receivables Trust, <br> Series 2024-1A, Class D, 6.020%, 10/15/2029(a)<br>| &nbsp;&nbsp; 736008 |
| 195000 | &nbsp;&nbsp; Westlake Automobile Receivables Trust, <br> Series 2024-2A, Class D, 5.910%, 4/15/2030(a)<br>| &nbsp;&nbsp; 198260 |
| 260000 | &nbsp;&nbsp; Westlake Automobile Receivables Trust, <br> Series 2025-1A, Class D, 5.540%, 11/15/2030(a)<br>| &nbsp;&nbsp; 265042 |
|  |  | &nbsp;&nbsp; 29295336 |
|  | **ABS Credit Card — 0.1%** | **ABS Credit Card — 0.1%** |
| 1100000 | &nbsp;&nbsp; Fortiva Retail Credit Master Note Business Trust, <br> Series 2024-ONE, Class B, 9.700%, 11/15/2029(a)<br>| &nbsp;&nbsp; 1117292 |
|  | **ABS Home Equity — 2.9%** | **ABS Home Equity — 2.9%** |
| 141983 | &nbsp;&nbsp; Banc of America Alternative Loan Trust, <br> Series 2003-8, Class 1CB1, 5.500%, 10/25/2033(c)<br>| &nbsp;&nbsp; 141892 |
| 131477 | &nbsp;&nbsp; Banc of America Funding Trust, Series 2005-7, <br> Class 3A1, 5.750%, 11/25/2035(c)<br>| &nbsp;&nbsp; 132676 |
| 69788 | &nbsp;&nbsp; Banc of America Funding Trust, Series 2007-4, <br> Class 5A1, 5.500%, 11/25/2034(c)<br>| &nbsp;&nbsp; 60553 |
| 2315000 | &nbsp;&nbsp; BINOM Securitization Trust, Series 2022-RPL1, <br> Class M1, 3.000%, 2/25/2061(a)(b)<br>| &nbsp;&nbsp; 1920439 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **ABS Home Equity — continued** | **ABS Home Equity — continued** |
| $18882 | &nbsp;&nbsp; CHL Mortgage Pass-Through Trust, <br> Series 2004-HYB4, Class 2A1, <br> 5.221%, 9/20/2034(b)(c)<br>| &nbsp;&nbsp; $17380 |
| 1152780 | &nbsp;&nbsp; CoreVest American Finance Ltd., Series 2019-2, <br> Class B, 3.424%, 6/15/2052(a)<br>| &nbsp;&nbsp; 1120507 |
| 245000 | &nbsp;&nbsp; CoreVest American Finance Ltd., Series 2020-2, <br> Class C, 4.697%, 5/15/2052(a)(b)<br>| &nbsp;&nbsp; 242872 |
| 1340000 | &nbsp;&nbsp; CoreVest American Finance Ltd., Series 2020-4, <br> Class C, 2.250%, 12/15/2052(a)<br>| &nbsp;&nbsp; 1242967 |
| 730000 | &nbsp;&nbsp; CoreVest American Finance Ltd., <br> Series 2023-RTL1, Class A1, <br> 7.553%, 12/28/2030(a)(b)<br>| &nbsp;&nbsp; 733292 |
| 162677 | &nbsp;&nbsp; Countrywide Alternative Loan Trust, <br> Series 2003-22CB, Class 1A1, 5.750%, 12/25/2033<br>| &nbsp;&nbsp; 165472 |
| 86190 | &nbsp;&nbsp; Countrywide Alternative Loan Trust, <br> Series 2004-16CB, Class 1A1, 5.500%, 7/25/2034<br>| &nbsp;&nbsp; 87632 |
| 71275 | &nbsp;&nbsp; Countrywide Alternative Loan Trust, <br> Series 2004-16CB, Class 3A1, 5.500%, 8/25/2034(c)<br>| &nbsp;&nbsp; 71639 |
| 74830 | &nbsp;&nbsp; Countrywide Alternative Loan Trust, <br> Series 2004-J10, Class 2CB1, 6.000%, 9/25/2034(c)<br>| &nbsp;&nbsp; 75209 |
| 1539069 | &nbsp;&nbsp; Credit Suisse Mortgage Trust, Series 2021-RPL4, <br> Class A1, 4.136%, 12/27/2060(a)(b)<br>| &nbsp;&nbsp; 1532827 |
| 87153 | &nbsp;&nbsp; CSFB Mortgage-Backed Pass-Through <br> Certificates, Series 2003-27, Class 4A4, <br> 5.750%, 11/25/2033<br>| &nbsp;&nbsp; 89745 |
| 312833 | &nbsp;&nbsp; DSLA Mortgage Loan Trust, Series 2005-AR5, <br> Class 2A1A, 1 mo. USD SOFR + 0.774%, <br> 4.908%, 9/19/2045(b)<br>| &nbsp;&nbsp; 163018 |
| 656180 | &nbsp;&nbsp; Federal National Mortgage Association <br> Connecticut Avenue Securities Trust, <br> Series 2022-R06, Class 1M1, 30 day USD SOFR <br> Average + 2.750%, 7.106%, 5/25/2042(a)(b)<br>| &nbsp;&nbsp; 671509 |
| 255000 | &nbsp;&nbsp; Federal National Mortgage Association <br> Connecticut Avenue Securities Trust, <br> Series 2023-R06, Class 1M2, 30 day USD SOFR <br> Average + 2.700%, 7.056%, 7/25/2043(a)(b)<br>| &nbsp;&nbsp; 263480 |
| 45000 | &nbsp;&nbsp; Federal National Mortgage Association <br> Connecticut Avenue Securities Trust, <br> Series 2023-R08, Class 1M2, 30 day USD SOFR <br> Average + 2.500%, 6.856%, 10/25/2043(a)(b)<br>| &nbsp;&nbsp; 46041 |
| 102096 | &nbsp;&nbsp; GCAT Trust, Series 2019-RPL1, Class A1, <br> 2.650%, 10/25/2068(a)(b)<br>| &nbsp;&nbsp; 99489 |
| 222731 | &nbsp;&nbsp; Home Partners of America Trust, Series 2021-1, <br> Class E, 2.577%, 9/17/2041(a)<br>| &nbsp;&nbsp; 194620 |
| 292478 | &nbsp;&nbsp; IndyMac INDX Mortgage Loan Trust, <br> Series 2004-AR7, Class A5, 1 mo. USD SOFR + <br> 1.334%, 5.492%, 9/25/2034(b)(c)<br>| &nbsp;&nbsp; 233460 |
| 468596 | &nbsp;&nbsp; JP Morgan Mortgage Trust, Series 2004-S1, <br> Class 2A1, 6.000%, 9/25/2034<br>| &nbsp;&nbsp; 490068 |
| 220742 | &nbsp;&nbsp; Lehman XS Trust, Series 2006-2N, Class 1A1, 1 mo. <br> USD SOFR + 0.634%, 4.792%, 2/25/2046(b)(c)<br>| &nbsp;&nbsp; 193241 |
| 181107 | &nbsp;&nbsp; MASTR Adjustable Rate Mortgages Trust, <br> Series 2004-4, Class 5A1, 7.250%, 5/25/2034(b)(c)<br>| &nbsp;&nbsp; 176755 |
| 91979 | &nbsp;&nbsp; MASTR Alternative Loan Trust, Series 2003-9, <br> Class 4A1, 5.250%, 11/25/2033(c)<br>| &nbsp;&nbsp; 91630 |
| 63486 | &nbsp;&nbsp; MASTR Alternative Loan Trust, Series 2004-5, <br> Class 1A1, 5.500%, 6/25/2034(c)<br>| &nbsp;&nbsp; 63423 |
| 73639 | &nbsp;&nbsp; MASTR Alternative Loan Trust, Series 2004-5, <br> Class 2A1, 6.000%, 6/25/2034(c)<br>| &nbsp;&nbsp; 74774 |
| 268030 | &nbsp;&nbsp; MASTR Alternative Loan Trust, Series 2004-8, <br> Class 2A1, 6.000%, 9/25/2034(c)<br>| &nbsp;&nbsp; 267000 |
| 5501 | &nbsp;&nbsp; Merrill Lynch Mortgage Investors Trust, <br> Series 2006-2, Class 2A, 5.969%, 5/25/2036(b)(c)<br>| &nbsp;&nbsp; 5122 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **ABS Home Equity — continued** | **ABS Home Equity — continued** |
| $245000 | &nbsp;&nbsp; Mill City Mortgage Loan Trust, Series 2021-NMR1, <br> Class M2, 2.500%, 11/25/2060(a)(b)<br>| &nbsp;&nbsp; $216058 |
| 222067 | &nbsp;&nbsp; Morgan Stanley Mortgage Loan Trust, <br> Series 2005-7, Class 4A2, 5.500%, 11/25/2035(c)<br>| &nbsp;&nbsp; 131358 |
| 388208 | &nbsp;&nbsp; Morgan Stanley Mortgage Loan Trust, <br> Series 2005-7, Class 7A5, 5.500%, 11/25/2035(c)<br>| &nbsp;&nbsp; 351710 |
| 785000 | &nbsp;&nbsp; New Residential Mortgage Loan Trust, <br> Series 2024-RTL1, Class A1, <br> 6.664%, 3/25/2039(a)(b)<br>| &nbsp;&nbsp; 790925 |
| 704738 | &nbsp;&nbsp; NLT Trust, Series 2023-1, Class A1, <br> 3.200%, 10/25/2062(a)(b)<br>| &nbsp;&nbsp; 641994 |
| 820000 | &nbsp;&nbsp; NYMT Loan Trust, Series 2024-BPL2, Class A1, <br> 6.509%, 5/25/2039(a)(b)<br>| &nbsp;&nbsp; 828369 |
| 445000 | &nbsp;&nbsp; NYMT Loan Trust, Series 2024-BPL3, Class A2, <br> 5.637%, 9/25/2039(a)(b)<br>| &nbsp;&nbsp; 445314 |
| 367776 | &nbsp;&nbsp; NYMT Loan Trust, Series 2024-CP1, Class A1, <br> 3.750%, 2/25/2068(a)(b)<br>| &nbsp;&nbsp; 341276 |
| 570000 | &nbsp;&nbsp; Progress Residential Trust, Series 2021-SFR3, <br> Class E1, 2.538%, 5/17/2026(a)<br>| &nbsp;&nbsp; 564512 |
| 470000 | &nbsp;&nbsp; Progress Residential Trust, Series 2021-SFR3, <br> Class E2, 2.688%, 5/17/2026(a)<br>| &nbsp;&nbsp; 465595 |
| 930000 | &nbsp;&nbsp; Progress Residential Trust, Series 2021-SFR5, <br> Class E1, 2.209%, 7/17/2038(a)<br>| &nbsp;&nbsp; 908892 |
| 400000 | &nbsp;&nbsp; Progress Residential Trust, Series 2021-SFR5, <br> Class E2, 2.359%, 7/17/2038(a)<br>| &nbsp;&nbsp; 391000 |
| 585000 | &nbsp;&nbsp; Progress Residential Trust, Series 2021-SFR6, <br> Class E2, 2.525%, 7/17/2038(a)<br>| &nbsp;&nbsp; 572640 |
| 415000 | &nbsp;&nbsp; Progress Residential Trust, Series 2021-SFR7, <br> Class E2, 2.640%, 8/17/2040(a)<br>| &nbsp;&nbsp; 386863 |
| 235000 | &nbsp;&nbsp; Progress Residential Trust, Series 2023-SFR2, <br> Class D, 4.500%, 10/17/2040(a)<br>| &nbsp;&nbsp; 230446 |
| 70897 | &nbsp;&nbsp; PRPM LLC, Series 2023-RCF2, Class A1, <br> 4.000%, 11/25/2053(a)(b)<br>| &nbsp;&nbsp; 70075 |
| 129393 | &nbsp;&nbsp; PRPM LLC, Series 2024-5, Class A1, <br> 5.689%, 9/25/2029(a)(b)<br>| &nbsp;&nbsp; 129418 |
| 1650000 | &nbsp;&nbsp; PRPM LLC, Series 2024-5, Class A2, <br> 9.076%, 9/25/2029(a)(b)<br>| &nbsp;&nbsp; 1651243 |
| 321755 | &nbsp;&nbsp; PRPM LLC, Series 2024-7, Class A1, <br> 5.870%, 11/25/2029(a)(b)<br>| &nbsp;&nbsp; 321859 |
| 79814 | &nbsp;&nbsp; PRPM LLC, Series 2024-RCF1, Class A1, <br> 4.000%, 1/25/2054(a)(b)<br>| &nbsp;&nbsp; 78648 |
| 97840 | &nbsp;&nbsp; PRPM LLC, Series 2025-2, Class A1, <br> 6.469%, 5/25/2030(a)(b)<br>| &nbsp;&nbsp; 98195 |
| 1155000 | &nbsp;&nbsp; PRPM LLC, Series 2025-2, Class A2, <br> 9.560%, 5/25/2030(a)(b)<br>| &nbsp;&nbsp; 1159894 |
| 321694 | &nbsp;&nbsp; Redwood Funding Trust, Series 2023-1, Class A, <br> 7.500%, 7/25/2059(a)(b)<br>| &nbsp;&nbsp; 320615 |
| 920770 | &nbsp;&nbsp; Redwood Funding Trust, Series 2025-1, Class A, <br> 7.584%, 5/27/2055(a)(b)<br>| &nbsp;&nbsp; 921230 |
| 930000 | &nbsp;&nbsp; Roc Mortgage Trust, Series 2024-RTL1, Class A1, <br> 5.589%, 10/25/2039(a)(b)<br>| &nbsp;&nbsp; 935195 |
| 1552166 | &nbsp;&nbsp; Structured Adjustable Rate Mortgage Loan Trust, <br> Series 2005-14, Class A1, 1 mo. USD SOFR + <br> 0.424%, 4.582%, 7/25/2035(b)<br>| &nbsp;&nbsp; 917768 |
| 1040000 | &nbsp;&nbsp; Tricon American Homes, Series 2020-SFR1, <br> Class E, 3.544%, 7/17/2038(a)<br>| &nbsp;&nbsp; 1026054 |
| 1170000 | &nbsp;&nbsp; Tricon American Homes Trust, Series 2020-SFR2, <br> Class E1, 2.730%, 11/17/2039(a)<br>| &nbsp;&nbsp; 1103565 |
| 525000 | &nbsp;&nbsp; TVC Mortgage Trust, Series 2024-RRTL1, Class A2, <br> 5.956%, 7/25/2039(a)(b)<br>| &nbsp;&nbsp; 527482 |
|  |  | &nbsp;&nbsp; 27196925 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **ABS Other — 6.9%** | **ABS Other — 6.9%** |
| $1162497 | &nbsp;&nbsp; AASET Ltd., Series 2024-2A, Class A, <br> 5.930%, 9/16/2049(a)<br>| &nbsp;&nbsp; $1192720 |
| 925431 | &nbsp;&nbsp; AASET Trust, Series 2021-1A, Class A, <br> 2.950%, 11/16/2041(a)<br>| &nbsp;&nbsp; 887245 |
| 339671 | &nbsp;&nbsp; AASET Trust, Series 2025-1A, Class A, <br> 5.943%, 2/16/2050(a)<br>| &nbsp;&nbsp; 349910 |
| 121703 | &nbsp;&nbsp; Accelerated Assets LLC, Series 2018-1, Class B, <br> 4.510%, 12/02/2033(a)<br>| &nbsp;&nbsp; 120472 |
| 100000 | &nbsp;&nbsp; Affirm Asset Securitization Trust, Series 2024-A, <br> Class 1D, 6.890%, 2/15/2029(a)<br>| &nbsp;&nbsp; 100593 |
| 240000 | &nbsp;&nbsp; Affirm Asset Securitization Trust, Series 2024-A, <br> Class A, 5.610%, 2/15/2029(a)<br>| &nbsp;&nbsp; 241060 |
| 225000 | &nbsp;&nbsp; Affirm Asset Securitization Trust, Series 2024-A, <br> Class B, 5.930%, 2/15/2029(a)<br>| &nbsp;&nbsp; 225842 |
| 130000 | &nbsp;&nbsp; Affirm Asset Securitization Trust, Series 2024-X2, <br> Class D, 6.080%, 12/17/2029(a)<br>| &nbsp;&nbsp; 130836 |
| 2218114 | &nbsp;&nbsp; AIM Aviation Finance Ltd., Series 2015-1A, <br> Class B1, 5.072%, 2/15/2040(a)(b)<br>| &nbsp;&nbsp; 1774536 |
| 687804 | &nbsp;&nbsp; ALTDE Trust, Series 2025-1A, Class A, <br> 5.900%, 8/15/2050(a)<br>| &nbsp;&nbsp; 704939 |
| 2825000 | &nbsp;&nbsp; Applebee's Funding LLC/IHOP Funding LLC, <br> Series 2025-1A, Class A2, 6.720%, 6/07/2055(a)<br>| &nbsp;&nbsp; 2856182 |
| 141355 | &nbsp;&nbsp; Aqua Finance Trust, Series 2019-A, Class C, <br> 4.010%, 7/16/2040(a)<br>| &nbsp;&nbsp; 138625 |
| 250000 | &nbsp;&nbsp; Aqua Finance Trust, Series 2024-A, Class D, <br> 6.530%, 4/18/2050(a)<br>| &nbsp;&nbsp; 255506 |
| 1070000 | &nbsp;&nbsp; BasePoint MCA Securitization II LLC, <br> Series 2025-1A, Class C, 11.789%, 8/15/2031(a)<br>| &nbsp;&nbsp; 1068709 |
| 1160096 | &nbsp;&nbsp; BHG Securitization Trust, Series 2022-A, Class B, <br> 2.700%, 2/20/2035(a)<br>| &nbsp;&nbsp; 1151590 |
| 490542 | &nbsp;&nbsp; BHG Securitization Trust, Series 2023-B, Class B, <br> 7.450%, 12/17/2036(a)<br>| &nbsp;&nbsp; 512654 |
| 163950 | &nbsp;&nbsp; BHG Securitization Trust, Series 2024-1CON, <br> Class B, 6.490%, 4/17/2035(a)<br>| &nbsp;&nbsp; 168453 |
| 82369 | &nbsp;&nbsp; Business Jet Securities LLC, Series 2024-1A, <br> Class B, 6.924%, 5/15/2039(a)<br>| &nbsp;&nbsp; 85138 |
| 335067 | &nbsp;&nbsp; Castlelake Aircraft Securitization Trust, <br> Series 2018-1, Class B, 5.300%, 6/15/2043(a)<br>| &nbsp;&nbsp; 323482 |
| 241157 | &nbsp;&nbsp; Castlelake Aircraft Structured Trust, <br> Series 2019-1A, Class A, 3.967%, 4/15/2039(a)<br>| &nbsp;&nbsp; 238261 |
| 1904697 | &nbsp;&nbsp; CLI Funding VIII LLC, Series 2025-R, Class A, <br> 6.610%, 6/21/2050(a)<br>| &nbsp;&nbsp; 1888245 |
| 828732 | &nbsp;&nbsp; Clsec Holdings 22t LLC, Series 2021-1, Class C, <br> 6.171%, 5/11/2037(a)<br>| &nbsp;&nbsp; 794952 |
| 635000 | &nbsp;&nbsp; Compass Datacenters Issuer III LLC, <br> Series 2025-1A, Class A2, 5.656%, 2/25/2050(a)<br>| &nbsp;&nbsp; 648154 |
| 240000 | &nbsp;&nbsp; Compass Datacenters Issuer III LLC, <br> Series 2025-1A, Class A3, 5.852%, 2/25/2050(a)<br>| &nbsp;&nbsp; 243075 |
| 845000 | &nbsp;&nbsp; Compass Datacenters Issuer III LLC, <br> Series 2025-3A, Class A2, 5.286%, 7/25/2050(a)<br>| &nbsp;&nbsp; 856381 |
| 378182 | &nbsp;&nbsp; Crockett Partners Equipment Co. IIA LLC, <br> Series 2024-1C, Class C, 10.160%, 1/20/2031(a)<br>| &nbsp;&nbsp; 392594 |
| 755000 | &nbsp;&nbsp; CyrusOne Data Centers Issuer I LLC, <br> Series 2025-1A, Class A2, 5.910%, 2/20/2050(a)<br>| &nbsp;&nbsp; 773128 |
| 1535000 | &nbsp;&nbsp; DataBank Issuer II LLC, Series 2025-1A, Class A2, <br> 5.180%, 9/27/2055(a)<br>| &nbsp;&nbsp; 1540323 |
| 2970000 | &nbsp;&nbsp; EDI ABS Issuer 1 LLC, Series 2025-1A, Class A2, <br> 4.450%, 7/25/2055(a)<br>| &nbsp;&nbsp; 2895141 |
| 380888 | &nbsp;&nbsp; EverBright Solar Trust, Series 2024-A, Class A, <br> 6.430%, 6/22/2054(a)<br>| &nbsp;&nbsp; 355936 |
| 126586 | &nbsp;&nbsp; Foundation Finance Trust, Series 2023-2A, <br> Class D, 9.100%, 6/15/2049(a)<br>| &nbsp;&nbsp; 135498 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **ABS Other — continued** | **ABS Other — continued** |
| $257858 | &nbsp;&nbsp; Foundation Finance Trust, Series 2024-2A, <br> Class D, 6.590%, 3/15/2050(a)<br>| &nbsp;&nbsp; $262137 |
| 770000 | &nbsp;&nbsp; Foundation Finance Trust, Series 2025-1A, <br> Class B, 5.260%, 4/15/2050(a)<br>| &nbsp;&nbsp; 781514 |
| 540000 | &nbsp;&nbsp; Foundation Finance Trust, Series 2025-1A, <br> Class D, 6.090%, 4/15/2050(a)<br>| &nbsp;&nbsp; 541709 |
| 780000 | &nbsp;&nbsp; Foundation Finance Trust, Series 2025-2A, <br> Class D, 5.680%, 4/15/2052(a)<br>| &nbsp;&nbsp; 782014 |
| 2800000 | &nbsp;&nbsp; Frontier Issuer LLC, Series 2023-1, Class A2, <br> 6.600%, 8/20/2053(a)<br>| &nbsp;&nbsp; 2838959 |
| 635000 | &nbsp;&nbsp; Global SC Finance X Ltd., Series 2025-1H, Class A, <br> 6.169%, 9/22/2045(a)<br>| &nbsp;&nbsp; 634646 |
| 1420000 | &nbsp;&nbsp; Global SC Finance X Ltd., Series 2025-1H, Class B, <br> 7.848%, 9/22/2045(a)<br>| &nbsp;&nbsp; 1419327 |
| 147735 | &nbsp;&nbsp; GoodLeap Home Improvement Solutions Trust, <br> Series 2024-1A, Class B, 6.380%, 10/20/2046(a)<br>| &nbsp;&nbsp; 150610 |
| 32899 | &nbsp;&nbsp; Hilton Grand Vacations Trust, Series 2022-1D, <br> Class C, 4.690%, 6/20/2034(a)<br>| &nbsp;&nbsp; 32821 |
| 296237 | &nbsp;&nbsp; Hilton Grand Vacations Trust, Series 2025-1A, <br> Class C, 5.520%, 5/27/2042(a)<br>| &nbsp;&nbsp; 299147 |
| 169259 | &nbsp;&nbsp; Horizon Aircraft Finance III Ltd., Series 2019-2, <br> Class A, 3.425%, 11/15/2039(a)<br>| &nbsp;&nbsp; 163160 |
| 150000 | &nbsp;&nbsp; HPEFS Equipment Trust, Series 2023-2A, Class D, <br> 6.970%, 7/21/2031(a)<br>| &nbsp;&nbsp; 152255 |
| 180000 | &nbsp;&nbsp; Kapitus Asset Securitization IV LLC, <br> Series 2024-1A, Class 1C, 7.150%, 9/10/2031(a)<br>| &nbsp;&nbsp; 180623 |
| 500000 | &nbsp;&nbsp; Kapitus Asset Securitization IV LLC, <br> Series 2024-1A, Class A, 5.490%, 9/10/2031(a)<br>| &nbsp;&nbsp; 502257 |
| 730382 | &nbsp;&nbsp; Kestrel Aircraft Funding Ltd., Series 2018-1A, <br> Class A, 4.250%, 12/15/2038(a)<br>| &nbsp;&nbsp; 729418 |
| 1424522 | &nbsp;&nbsp; Labrador Aviation Finance Ltd., Series 2016-1A, <br> Class A1, 4.300%, 1/15/2042(a)<br>| &nbsp;&nbsp; 1388852 |
| 175000 | &nbsp;&nbsp; Lendmark Funding Trust, Series 2025-1A, Class D, <br> 6.480%, 9/20/2034(a)<br>| &nbsp;&nbsp; 178623 |
| 641177 | &nbsp;&nbsp; Lunar Structured Aircraft Portfolio Notes, <br> Series 2021-1, Class A, 2.636%, 10/15/2046(a)<br>| &nbsp;&nbsp; 605732 |
| 110000 | &nbsp;&nbsp; Mariner Finance Issuance Trust, Series 2024-AA, <br> Class D, 6.770%, 9/22/2036(a)<br>| &nbsp;&nbsp; 112890 |
| 910000 | &nbsp;&nbsp; Marlette Funding Trust, Series 2023-4A, Class B, <br> 8.150%, 12/15/2033(a)<br>| &nbsp;&nbsp; 942510 |
| 405000 | &nbsp;&nbsp; MetroNet Infrastructure Issuer LLC, <br> Series 2025-2A, Class C, 7.830%, 8/20/2055(a)<br>| &nbsp;&nbsp; 411793 |
| 73300 | &nbsp;&nbsp; MVW LLC, Series 2020-1A, Class C, <br> 4.210%, 10/20/2037(a)<br>| &nbsp;&nbsp; 72649 |
| 70787 | &nbsp;&nbsp; MVW LLC, Series 2024-1A, Class C, <br> 6.200%, 2/20/2043(a)<br>| &nbsp;&nbsp; 72030 |
| 710000 | &nbsp;&nbsp; NFAS3 LLC, Series 2025-1, Class A, <br> 6.351%, 5/15/2031(a)<br>| &nbsp;&nbsp; 719115 |
| 375000 | &nbsp;&nbsp; OnDeck Asset Securitization Trust IV LLC, <br> Series 2024-1A, Class C, 8.990%, 6/17/2031(a)<br>| &nbsp;&nbsp; 386770 |
| 165000 | &nbsp;&nbsp; OnDeck Asset Securitization Trust IV LLC, <br> Series 2024-2A, Class C, 7.030%, 10/17/2031(a)<br>| &nbsp;&nbsp; 165425 |
| 1020000 | &nbsp;&nbsp; OneMain Financial Issuance Trust, <br> Series 2020-2A, Class C, 2.760%, 9/14/2035(a)<br>| &nbsp;&nbsp; 980759 |
| 810000 | &nbsp;&nbsp; OneMain Financial Issuance Trust, <br> Series 2021-1A, Class D, 2.470%, 6/16/2036(a)<br>| &nbsp;&nbsp; 758616 |
| 708666 | &nbsp;&nbsp; OWN Equipment Fund I LLC, Series 2024-2M, <br> Class A, 5.700%, 12/20/2032(a)<br>| &nbsp;&nbsp; 721282 |
| 1013775 | &nbsp;&nbsp; OWN Equipment Fund II LLC, Series 2025-1M, <br> Class A, 5.480%, 9/26/2033(a)<br>| &nbsp;&nbsp; 1021392 |
| 220658 | &nbsp;&nbsp; PK ALIFT Loan Funding 3 LP, Series 2024-1, Class <br> A1, 5.842%, 9/15/2039(a)<br>| &nbsp;&nbsp; 225818 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **ABS Other — continued** | **ABS Other — continued** |
| $715000 | &nbsp;&nbsp; QTS Issuer ABS II LLC, Series 2025-1A, Class B, <br> 5.778%, 10/05/2055(a)<br>| &nbsp;&nbsp; $710544 |
| 435000 | &nbsp;&nbsp; Republic Finance Issuance Trust, Series 2024-A, <br> Class A, 5.910%, 8/20/2032(a)<br>| &nbsp;&nbsp; 440321 |
| 120000 | &nbsp;&nbsp; Republic Finance Issuance Trust, Series 2024-B, <br> Class A, 5.420%, 11/20/2037(a)<br>| &nbsp;&nbsp; 122167 |
| 430000 | &nbsp;&nbsp; Republic Finance Issuance Trust, Series 2024-B, <br> Class C, 6.600%, 11/20/2037(a)<br>| &nbsp;&nbsp; 440476 |
| 645000 | &nbsp;&nbsp; RFS Asset Securitization II LLC, Series 2024-1, <br> Class A, 6.550%, 7/15/2031(a)<br>| &nbsp;&nbsp; 657048 |
| 105000 | &nbsp;&nbsp; SCF Equipment Leasing LLC, Series 2024-1A, Class <br> C, 5.820%, 9/20/2032(a)<br>| &nbsp;&nbsp; 108285 |
| 100000 | &nbsp;&nbsp; SCF Equipment Leasing LLC, Series 2024-1A, Class <br> D, 6.580%, 6/21/2033(a)<br>| &nbsp;&nbsp; 104766 |
| 535000 | &nbsp;&nbsp; SEB Funding LLC, Series 2024-1A, Class A2, <br> 7.386%, 4/30/2054(a)<br>| &nbsp;&nbsp; 547147 |
| 72769 | &nbsp;&nbsp; Sierra Timeshare Receivables Funding LLC, <br> Series 2023-1A, Class C, 7.000%, 1/20/2040(a)<br>| &nbsp;&nbsp; 74623 |
| 62978 | &nbsp;&nbsp; Sierra Timeshare Receivables Funding LLC, <br> Series 2023-2A, Class C, 7.300%, 4/20/2040(a)<br>| &nbsp;&nbsp; 65153 |
| 791964 | &nbsp;&nbsp; Slam Ltd., Series 2021-1A, Class B, <br> 3.422%, 6/15/2046(a)<br>| &nbsp;&nbsp; 751630 |
| 693187 | &nbsp;&nbsp; Slam Ltd., Series 2024-1A, Class A, <br> 5.335%, 9/15/2049(a)<br>| &nbsp;&nbsp; 700400 |
| 308677 | &nbsp;&nbsp; Slam Ltd., Series 2025-1A, Class A, <br> 5.807%, 5/15/2050(a)<br>| &nbsp;&nbsp; 318206 |
| 783169 | &nbsp;&nbsp; SpringCastle America Funding LLC, <br> Series 2020-AA, Class A, 1.970%, 9/25/2037(a)<br>| &nbsp;&nbsp; 745316 |
| 874398 | &nbsp;&nbsp; Stream Innovations Issuer Trust, Series 2025-1A, <br> Class C, 6.120%, 9/15/2045(a)<br>| &nbsp;&nbsp; 888628 |
| 108551 | &nbsp;&nbsp; Sunnova Helios II Issuer LLC, Series 2019-AA, <br> Class A, 3.750%, 6/20/2046(a)<br>| &nbsp;&nbsp; 100743 |
| 355806 | &nbsp;&nbsp; Sunnova Helios V Issuer LLC, Series 2021-A, <br> Class B, 3.150%, 2/20/2048(a)<br>| &nbsp;&nbsp; 183051 |
| 399850 | &nbsp;&nbsp; Sunnova Helios XIII Issuer LLC, Series 2024-A, <br> Class A, 5.300%, 2/20/2051(a)<br>| &nbsp;&nbsp; 371325 |
| 665208 | &nbsp;&nbsp; Sunrun Athena Issuer LLC, Series 2018-1, Class A, <br> 5.310%, 4/30/2049(a)<br>| &nbsp;&nbsp; 644112 |
| 1069837 | &nbsp;&nbsp; Sunrun Atlas Issuer LLC, Series 2019-2, Class A, <br> 3.610%, 2/01/2055(a)<br>| &nbsp;&nbsp; 1023066 |
| 925335 | &nbsp;&nbsp; Sunrun Demeter Issuer LLC, Series 2021-2A, <br> Class A, 2.270%, 1/30/2057(a)<br>| &nbsp;&nbsp; 832116 |
| 1711828 | &nbsp;&nbsp; Sunrun Vulcan Issuer LLC, Series 2021-1A, <br> Class A, 2.460%, 1/30/2052(a)<br>| &nbsp;&nbsp; 1536790 |
| 1681675 | &nbsp;&nbsp; Thrust Engine Leasing DAC, Series 2021-1A, <br> Class A, 4.163%, 7/15/2040(a)<br>| &nbsp;&nbsp; 1652556 |
| 146437 | &nbsp;&nbsp; TIF Funding III LLC, Series 2024-1A, Class A, <br> 5.480%, 4/20/2049(a)<br>| &nbsp;&nbsp; 146891 |
| 2913799 | &nbsp;&nbsp; TMCL VII Holdings Ltd., Series 2025-1H, Class A, <br> 6.430%, 7/23/2050(a)<br>| &nbsp;&nbsp; 2925148 |
| 950000 | &nbsp;&nbsp; Trafigura Securitisation Finance PLC, <br> Series 2024-1A, Class A1, 1 day USD SOFR + <br> 1.400%, 5.641%, 11/15/2027(a)(b)<br>| &nbsp;&nbsp; 950143 |
| 335000 | &nbsp;&nbsp; Trafigura Securitisation Finance PLC, <br> Series 2024-1A, Class B, 7.290%, 11/15/2027(a)<br>| &nbsp;&nbsp; 336319 |
| 135000 | &nbsp;&nbsp; Uniti Fiber ABS Issuer LLC, Series 2025-1A, <br> Class A2, 5.877%, 4/20/2055(a)<br>| &nbsp;&nbsp; 137485 |
| 227920 | &nbsp;&nbsp; Volofin Finance DAC, Series 2024-1A, Class A, <br> 5.935%, 6/15/2037(a)<br>| &nbsp;&nbsp; 232355 |
| 297767 | &nbsp;&nbsp; Volofin Finance DAC, Series 2024-1A, Class B, <br> 6.211%, 6/15/2037(a)<br>| &nbsp;&nbsp; 305633 |
| 1769098 | &nbsp;&nbsp; Wave LLC, Series 2019-1, Class A, <br> 3.597%, 9/15/2044(a)<br>| &nbsp;&nbsp; 1722486 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **ABS Other — continued** | **ABS Other — continued** |
| $1912356 | &nbsp;&nbsp; Wave LLC, Series 2019-1, Class C, <br> 6.413%, 9/15/2044(a)<br>| &nbsp;&nbsp; $1605451 |
| 81361 | &nbsp;&nbsp; Willis Engine Structured Trust IV, Series 2018-A, <br> Class A, 4.750%, 9/15/2043(a)(b)<br>| &nbsp;&nbsp; 81147 |
| 613581 | &nbsp;&nbsp; Willis Engine Structured Trust V, Series 2020-A, <br> Class A, 3.228%, 3/15/2045(a)<br>| &nbsp;&nbsp; 589538 |
| 190166 | &nbsp;&nbsp; Willis Engine Structured Trust V, Series 2020-A, <br> Class B, 4.212%, 3/15/2045(a)<br>| &nbsp;&nbsp; 181874 |
| 205799 | &nbsp;&nbsp; Willis Engine Structured Trust VI, Series 2021-A, <br> Class A, 3.104%, 5/15/2046(a)<br>| &nbsp;&nbsp; 193244 |
| 223018 | &nbsp;&nbsp; Willis Engine Structured Trust VII, Series 2023-A, <br> Class A, 8.000%, 10/15/2048(a)<br>| &nbsp;&nbsp; 230842 |
|  |  | &nbsp;&nbsp; 63942058 |
|  | **ABS Residential Mortgage — 1.0%** | **ABS Residential Mortgage — 1.0%** |
| 1312023 | &nbsp;&nbsp; GITSIT Mortgage Loan Trust, Series 2025-NPL1, <br> Class A1, 6.276%, 2/25/2055(a)(b)<br>| &nbsp;&nbsp; 1315587 |
| 537799 | &nbsp;&nbsp; MFA Trust, Series 2024-NPL1, Class A1, <br> 6.330%, 9/25/2054(b)<br>| &nbsp;&nbsp; 538454 |
| 149315 | &nbsp;&nbsp; NYMT Loan Trust, Series 2025-R1, Class A, <br> 6.381%, 2/25/2030(a)(b)<br>| &nbsp;&nbsp; 149602 |
| 568005 | &nbsp;&nbsp; PRET LLC, Series 2025-NPL3, Class A1, <br> 6.708%, 4/25/2055(a)(b)<br>| &nbsp;&nbsp; 567936 |
| 730183 | &nbsp;&nbsp; PRET LLC, Series 2025-NPL6, Class A1, <br> 5.744%, 6/25/2055(a)(b)<br>| &nbsp;&nbsp; 727714 |
| 1506148 | &nbsp;&nbsp; PRET LLC, Series 2025-NPL8, Class A1, <br> 5.732%, 8/25/2055(a)(b)<br>| &nbsp;&nbsp; 1511358 |
| 1560004 | &nbsp;&nbsp; RCO IX Mortgage LLC, Series 2025-2, Class A1, <br> 6.513%, 4/25/2030(a)(b)<br>| &nbsp;&nbsp; 1565466 |
| 1782367 | &nbsp;&nbsp; RCO X Mortgage LLC, Series 2025-1, Class A1, <br> 5.875%, 1/25/2030(a)(b)<br>| &nbsp;&nbsp; 1783894 |
| 406137 | &nbsp;&nbsp; VCAT LLC, Series 2025-NPL1, Class A1, <br> 5.877%, 1/25/2055(a)(b)<br>| &nbsp;&nbsp; 407006 |
| 1013261 | &nbsp;&nbsp; VCAT LLC, Series 2025-NPL3, Class A1, <br> 5.889%, 2/25/2055(a)(b)<br>| &nbsp;&nbsp; 1014325 |
|  |  | &nbsp;&nbsp; 9581342 |
|  | **ABS Student Loan — 1.3%** | **ABS Student Loan — 1.3%** |
| 121709 | &nbsp;&nbsp; Ascent Education Funding Trust, Series 2024-A, <br> Class A, 6.140%, 10/25/2050(a)<br>| &nbsp;&nbsp; 124741 |
| 105000 | &nbsp;&nbsp; Ascent Education Funding Trust, Series 2024-A, <br> Class C, 8.010%, 10/25/2050(a)<br>| &nbsp;&nbsp; 108406 |
| 293744 | &nbsp;&nbsp; College Avenue Student Loans LLC, Series 2021-A, <br> Class D, 4.120%, 7/25/2051(a)<br>| &nbsp;&nbsp; 282437 |
| 540147 | &nbsp;&nbsp; Education Funding Trust, Series 2020-A, Class A, <br> 2.790%, 7/25/2041(a)<br>| &nbsp;&nbsp; 517801 |
| 456509 | &nbsp;&nbsp; Navient Private Education Refi Loan Trust, <br> Series 2018-A, Class B, 3.680%, 2/18/2042(a)<br>| &nbsp;&nbsp; 450645 |
| 1286387 | &nbsp;&nbsp; Navient Private Education Refi Loan Trust, <br> Series 2018-CA, Class B, 4.220%, 6/16/2042(a)<br>| &nbsp;&nbsp; 1272277 |
| 3410000 | &nbsp;&nbsp; Navient Private Education Refi Loan Trust, <br> Series 2019-FA, Class B, 3.120%, 8/15/2068(a)<br>| &nbsp;&nbsp; 3031428 |
| 695000 | &nbsp;&nbsp; Navient Private Education Refi Loan Trust, <br> Series 2019-GA, Class B, 3.080%, 10/15/2068(a)<br>| &nbsp;&nbsp; 625943 |
| 320000 | &nbsp;&nbsp; Navient Private Education Refi Loan Trust, <br> Series 2020-DA, Class B, 3.330%, 5/15/2069(a)<br>| &nbsp;&nbsp; 283790 |
| 1290000 | &nbsp;&nbsp; Navient Private Education Refi Loan Trust, <br> Series 2020-FA, Class B, 2.690%, 7/15/2069(a)<br>| &nbsp;&nbsp; 1109763 |
| 730000 | &nbsp;&nbsp; Navient Private Education Refi Loan Trust, <br> Series 2020-HA, Class B, 2.780%, 1/15/2069(a)<br>| &nbsp;&nbsp; 638925 |
| 810000 | &nbsp;&nbsp; Nelnet Student Loan Trust, Series 2021-DA, <br> Class B, 2.900%, 4/20/2062(a)<br>| &nbsp;&nbsp; 727437 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **ABS Student Loan — continued** | **ABS Student Loan — continued** |
| $181000 | &nbsp;&nbsp; SLM Private Credit Student Loan Trust, <br> Series 2003-A, Class A3, 28 day Auction Rate <br> Security, 7.030%, 6/15/2032(b)<br>| &nbsp;&nbsp; $180627 |
| 662000 | &nbsp;&nbsp; SLM Private Credit Student Loan Trust, <br> Series 2003-B, Class A3, 28 day Auction Rate <br> Security, 7.030%, 3/15/2033(b)<br>| &nbsp;&nbsp; 660604 |
| 65000 | &nbsp;&nbsp; SLM Private Credit Student Loan Trust, <br> Series 2003-B, Class A4, 28 day Auction Rate <br> Security, 7.050%, 3/15/2033(b)<br>| &nbsp;&nbsp; 64863 |
| 103838 | &nbsp;&nbsp; SMB Private Education Loan Trust, Series 2015-C, <br> Class B, 3.500%, 9/15/2043(a)<br>| &nbsp;&nbsp; 103515 |
| 65576 | &nbsp;&nbsp; SMB Private Education Loan Trust, Series 2017-B, <br> Class A2B, 1 mo. USD SOFR + 0.864%, <br> 5.015%, 10/15/2035(a)(b)<br>| &nbsp;&nbsp; 65542 |
| 190000 | &nbsp;&nbsp; SMB Private Education Loan Trust, Series 2018-B, <br> Class B, 4.000%, 7/15/2042(a)<br>| &nbsp;&nbsp; 186029 |
| 510000 | &nbsp;&nbsp; SMB Private Education Loan Trust, Series 2018-C, <br> Class B, 4.000%, 11/17/2042(a)<br>| &nbsp;&nbsp; 498979 |
| 1350000 | &nbsp;&nbsp; SoFi Professional Loan Program LLC, <br> Series 2020-A, Class BFX, 3.120%, 5/15/2046(a)<br>| &nbsp;&nbsp; 1189135 |
|  |  | &nbsp;&nbsp; 12122887 |
|  | **ABS Whole Business — 0.8%** | **ABS Whole Business — 0.8%** |
| 1510000 | &nbsp;&nbsp; Applebee's Funding LLC/IHOP Funding LLC, <br> Series 2023-1A, Class A2, 7.824%, 3/05/2053(a)<br>| &nbsp;&nbsp; 1536277 |
| 193500 | &nbsp;&nbsp; EWC Master Issuer LLC, Series 2022-1A, Class A2, <br> 5.500%, 3/15/2052(a)<br>| &nbsp;&nbsp; 191056 |
| 245625 | &nbsp;&nbsp; FOCUS Brands Funding, Series 2023-2, Class A2, <br> 8.241%, 10/30/2053(a)<br>| &nbsp;&nbsp; 260983 |
| 68950 | &nbsp;&nbsp; Hardee's Funding LLC, Series 2024-1A, Class A2, <br> 7.253%, 3/20/2054(a)<br>| &nbsp;&nbsp; 71404 |
| 2898187 | &nbsp;&nbsp; Planet Fitness Master Issuer LLC, Series 2019-1A, <br> Class A2, 3.858%, 12/05/2049(a)<br>| &nbsp;&nbsp; 2778933 |
| 351450 | &nbsp;&nbsp; Planet Fitness Master Issuer LLC, Series 2024-1A, <br> Class A2I, 5.765%, 6/05/2054(a)<br>| &nbsp;&nbsp; 358378 |
| 1583038 | &nbsp;&nbsp; Subway Funding LLC, Series 2024-1A, Class A2I, <br> 6.028%, 7/30/2054(a)<br>| &nbsp;&nbsp; 1605232 |
| 440000 | &nbsp;&nbsp; Wingstop Funding LLC, Series 2024-1A, Class A2, <br> 5.858%, 12/05/2054(a)<br>| &nbsp;&nbsp; 455868 |
|  |  | &nbsp;&nbsp; 7258131 |
|  | **Aerospace & Defense — 1.8%** | **Aerospace & Defense — 1.8%** |
| 260000 | Axon Enterprise, Inc., 6.125%, 3/15/2030(a) | &nbsp;&nbsp; 267027 |
| 130000 | Axon Enterprise, Inc., 6.250%, 3/15/2033(a) | &nbsp;&nbsp; 133808 |
| 1630000 | Boeing Co., 3.625%, 2/01/2031 | &nbsp;&nbsp; 1561207 |
| 1265000 | Boeing Co., 5.150%, 5/01/2030 | &nbsp;&nbsp; 1298087 |
| 1170000 | Boeing Co., 5.705%, 5/01/2040 | &nbsp;&nbsp; 1193847 |
| 2980000 | Boeing Co., 5.805%, 5/01/2050 | &nbsp;&nbsp; 2977210 |
| 70000 | Boeing Co., 5.930%, 5/01/2060 | &nbsp;&nbsp; 69930 |
| 330000 | Boeing Co., 6.388%, 5/01/2031 | &nbsp;&nbsp; 359408 |
| 2240000 | Boeing Co., 6.528%, 5/01/2034 | &nbsp;&nbsp; 2476244 |
| 2715000 | Boeing Co., 6.858%, 5/01/2054 | &nbsp;&nbsp; 3097009 |
| 485000 | Boeing Co., 7.008%, 5/01/2064 | &nbsp;&nbsp; 561462 |
| 2830000 | &nbsp;&nbsp; Textron Financial Corp., 3 mo. USD SOFR + <br> 1.997%, 6.208%, 2/15/2067(a)(b)<br>| &nbsp;&nbsp; 2549462 |
|  |  | &nbsp;&nbsp; 16544701 |
|  | **Agency Commercial Mortgage-Backed Securities — 0.0%** | **Agency Commercial Mortgage-Backed Securities — 0.0%** |
| 460000 | &nbsp;&nbsp; Arixa Mortgage Trust, Series 2025-RTL1, Class A1, <br> 5.735%, 8/25/2030(a)<br>| &nbsp;&nbsp; 462567 |
|  | **Airlines — 0.1%** | **Airlines — 0.1%** |
| 1362673 | &nbsp;&nbsp; United Airlines Pass-Through Trust, Series 2019-2, <br> Class B, 3.500%, 11/01/2029<br>| &nbsp;&nbsp; 1317255 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Automotive — 0.3%** | **Automotive — 0.3%** |
| $840000 | Allison Transmission, Inc., 3.750%, 1/30/2031(a) | &nbsp;&nbsp; $776069 |
| 360000 | &nbsp;&nbsp; ZF North America Capital, Inc., <br> 6.750%, 4/23/2030(a)<br>| &nbsp;&nbsp; 351317 |
| 315000 | &nbsp;&nbsp; ZF North America Capital, Inc., <br> 6.875%, 4/14/2028(a)<br>| &nbsp;&nbsp; 318903 |
| 535000 | &nbsp;&nbsp; ZF North America Capital, Inc., <br> 6.875%, 4/23/2032(a)<br>| &nbsp;&nbsp; 512213 |
| 560000 | &nbsp;&nbsp; ZF North America Capital, Inc., <br> 7.125%, 4/14/2030(a)<br>| &nbsp;&nbsp; 554551 |
|  |  | &nbsp;&nbsp; 2513053 |
|  | **Banking — 3.1%** | **Banking — 3.1%** |
| 3160000 | &nbsp;&nbsp; Bank of America Corp., (fixed rate to 3/08/2032, <br> variable rate thereafter), 3.846%, 3/08/2037<br>| &nbsp;&nbsp; 2952352 |
| 580000 | &nbsp;&nbsp; CaixaBank SA, (fixed rate to 7/03/2035, variable <br> rate thereafter), 5.581%, 7/03/2036(a)<br>| &nbsp;&nbsp; 594053 |
| 905000 | &nbsp;&nbsp; Capital One Financial Corp., (fixed rate to <br> 9/11/2035, variable rate thereafter), <br> 5.197%, 9/11/2036<br>| &nbsp;&nbsp; 895046 |
| 8020000 | &nbsp;&nbsp; Morgan Stanley, (fixed rate to 2/07/2034, variable <br> rate thereafter), 5.942%, 2/07/2039<br>| &nbsp;&nbsp; 8396914 |
| 2185000 | &nbsp;&nbsp; Societe Generale SA, (fixed rate to 10/03/2035, <br> variable rate thereafter), 5.439%, 10/03/2036(a)<br>| &nbsp;&nbsp; 2179340 |
| 440000 | &nbsp;&nbsp; Synchrony Financial, (fixed rate to 3/06/2030, <br> variable rate thereafter), 5.450%, 3/06/2031<br>| &nbsp;&nbsp; 448345 |
| 905000 | &nbsp;&nbsp; Synchrony Financial, (fixed rate to 7/29/2028, <br> variable rate thereafter), 5.019%, 7/29/2029<br>| &nbsp;&nbsp; 912803 |
| 805000 | &nbsp;&nbsp; Synchrony Financial, (fixed rate to 8/02/2029, <br> variable rate thereafter), 5.935%, 8/02/2030<br>| &nbsp;&nbsp; 834408 |
| 1030000 | &nbsp;&nbsp; UBS Group AG, (fixed rate to 11/15/2032, variable <br> rate thereafter), 9.016%, 11/15/2033(a)<br>| &nbsp;&nbsp; 1290453 |
| 865000 | &nbsp;&nbsp; UBS Group AG, (fixed rate to 2/08/2034, variable <br> rate thereafter), 5.699%, 2/08/2035(a)<br>| &nbsp;&nbsp; 911286 |
| 1375000 | &nbsp;&nbsp; UBS Group AG, (fixed rate to 5/09/2035, variable <br> rate thereafter), 5.580%, 5/09/2036(a)<br>| &nbsp;&nbsp; 1431248 |
| 375000 | &nbsp;&nbsp; UBS Group AG, (fixed rate to 5/14/2031, variable <br> rate thereafter), 3.091%, 5/14/2032(a)<br>| &nbsp;&nbsp; 347013 |
| 1445000 | &nbsp;&nbsp; UBS Group AG, (fixed rate to 8/05/2030, variable <br> rate thereafter), 6.600%(a)(d)<br>| &nbsp;&nbsp; 1452732 |
| 740000 | &nbsp;&nbsp; UBS Group AG, (fixed rate to 8/11/2027, variable <br> rate thereafter), 6.442%, 8/11/2028(a)<br>| &nbsp;&nbsp; 768949 |
| 1500000 | &nbsp;&nbsp; UBS Group AG, (fixed rate to 8/12/2032, variable <br> rate thereafter), 6.537%, 8/12/2033(a)<br>| &nbsp;&nbsp; 1654275 |
| 1000000 | &nbsp;&nbsp; UniCredit SpA, (fixed rate to 6/03/2031, variable <br> rate thereafter), 3.127%, 6/03/2032(a)<br>| &nbsp;&nbsp; 921436 |
| 200000 | &nbsp;&nbsp; UniCredit SpA, (fixed rate to 6/30/2030, variable <br> rate thereafter), 5.459%, 6/30/2035(a)<br>| &nbsp;&nbsp; 201634 |
| 2440000 | &nbsp;&nbsp; Wells Fargo & Co., (fixed rate to 9/15/2035, <br> variable rate thereafter), 4.892%, 9/15/2036<br>| &nbsp;&nbsp; 2435123 |
|  |  | &nbsp;&nbsp; 28627410 |
|  | **Brokerage — 0.6%** | **Brokerage — 0.6%** |
| 500000 | BGC Group, Inc., 6.150%, 4/02/2030(a) | &nbsp;&nbsp; 512266 |
| 1525000 | Blue Owl Finance LLC, 6.250%, 4/18/2034 | &nbsp;&nbsp; 1599304 |
| 465000 | &nbsp;&nbsp; Brookfield Asset Management Ltd., <br> 5.795%, 4/24/2035<br>| &nbsp;&nbsp; 486855 |
| 315000 | Citadel LP, 6.000%, 1/23/2030(a) | &nbsp;&nbsp; 327405 |
| 240000 | Citadel LP, 6.375%, 1/23/2032(a) | &nbsp;&nbsp; 254020 |
| 2015000 | Jefferies Financial Group, Inc., 6.200%, 4/14/2034 | &nbsp;&nbsp; 2142341 |
|  |  | &nbsp;&nbsp; 5322191 |
|  | **Building Materials — 1.1%** | **Building Materials — 1.1%** |
| 785000 | Amrize Finance U.S. LLC, 5.400%, 4/07/2035(a) | &nbsp;&nbsp; 808657 |
| 2745000 | Cemex SAB de CV, 3.875%, 7/11/2031(a) | &nbsp;&nbsp; 2605140 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Building Materials — continued** | **Building Materials — continued** |
| $2330000 | &nbsp;&nbsp; Cemex SAB de CV, (fixed rate to 6/08/2026, <br> variable rate thereafter), 5.125%(a)(d)<br>| &nbsp;&nbsp; $2320318 |
| 295000 | &nbsp;&nbsp; Cemex SAB de CV, (fixed rate to 6/10/2030, <br> variable rate thereafter), 7.200%(a)(d)<br>| &nbsp;&nbsp; 308422 |
| 1035000 | &nbsp;&nbsp; JH North America Holdings, Inc., <br> 5.875%, 1/31/2031(a)<br>| &nbsp;&nbsp; 1050851 |
| 1478000 | &nbsp;&nbsp; JH North America Holdings, Inc., <br> 6.125%, 7/31/2032(a)<br>| &nbsp;&nbsp; 1513877 |
| 2015000 | Quikrete Holdings, Inc., 6.375%, 3/01/2032(a) | &nbsp;&nbsp; 2087226 |
|  |  | &nbsp;&nbsp; 10694491 |
|  | **Cable Satellite — 3.5%** | **Cable Satellite — 3.5%** |
| 3920000 | &nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp., <br> 5.125%, 5/01/2027(a)<br>| &nbsp;&nbsp; 3893676 |
| 405000 | &nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital, <br> 6.384%, 10/23/2035<br>| &nbsp;&nbsp; 424290 |
| 940000 | &nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital, <br> 6.550%, 6/01/2034<br>| &nbsp;&nbsp; 1001774 |
| 465000 | &nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital, <br> 6.650%, 2/01/2034<br>| &nbsp;&nbsp; 496898 |
| 2200000 | CSC Holdings LLC, 3.375%, 2/15/2031(a) | &nbsp;&nbsp; 1418879 |
| 400000 | CSC Holdings LLC, 4.500%, 11/15/2031(a) | &nbsp;&nbsp; 260110 |
| 4965000 | CSC Holdings LLC, 4.625%, 12/01/2030(a) | &nbsp;&nbsp; 1741953 |
| 2090000 | CSC Holdings LLC, 11.250%, 5/15/2028(a) | &nbsp;&nbsp; 1934834 |
| 700000 | Directv Financing LLC, 8.875%, 2/01/2030(a) | &nbsp;&nbsp; 691405 |
| 375000 | Directv Financing LLC, 8.875%, 2/01/2030(a) | &nbsp;&nbsp; 371891 |
| 1165000 | &nbsp;&nbsp; Directv Financing LLC/Directv Financing <br> Co-Obligor, Inc., 10.000%, 2/15/2031(a)<br>| &nbsp;&nbsp; 1163290 |
| 4420000 | DISH DBS Corp., 5.250%, 12/01/2026(a) | &nbsp;&nbsp; 4343067 |
| 975000 | DISH DBS Corp., 5.750%, 12/01/2028(a) | &nbsp;&nbsp; 934674 |
| 12162597 | EchoStar Corp., 10.750%, 11/30/2029 | &nbsp;&nbsp; 13380924 |
| 205000 | Time Warner Cable LLC, 6.550%, 5/01/2037 | &nbsp;&nbsp; 213254 |
|  |  | &nbsp;&nbsp; 32270919 |
|  | **Chemicals — 0.1%** | **Chemicals — 0.1%** |
| 1074000 | &nbsp;&nbsp; Solstice Advanced Materials, Inc., <br> 5.625%, 9/30/2033(a)<br>| &nbsp;&nbsp; 1077548 |
|  | **Construction Machinery — 0.6%** | **Construction Machinery — 0.6%** |
| 3340000 | &nbsp;&nbsp; John Deere Capital Corp., 1 day USD SOFR + <br> 0.500%, 4.711%, 3/06/2028(b)<br>| &nbsp;&nbsp; 3346321 |
| 1785000 | &nbsp;&nbsp; United Rentals North America, Inc., <br> 6.125%, 3/15/2034(a)<br>| &nbsp;&nbsp; 1856084 |
|  |  | &nbsp;&nbsp; 5202405 |
|  | **Consumer Cyclical Services — 0.1%** | **Consumer Cyclical Services — 0.1%** |
| 815000 | TriNet Group, Inc., 3.500%, 3/01/2029(a) | &nbsp;&nbsp; 762297 |
| 625000 | Uber Technologies, Inc., 4.800%, 9/15/2035 | &nbsp;&nbsp; 619330 |
|  |  | &nbsp;&nbsp; 1381627 |
|  | **Consumer Products — 0.1%** | **Consumer Products — 0.1%** |
| 255000 | Whirlpool Corp., 6.125%, 6/15/2030 | &nbsp;&nbsp; 256997 |
| 275000 | Whirlpool Corp., 6.500%, 6/15/2033 | &nbsp;&nbsp; 274434 |
|  |  | &nbsp;&nbsp; 531431 |
|  | **Electric — 0.1%** | **Electric — 0.1%** |
| 830000 | Pacific Gas & Electric Co., 6.400%, 6/15/2033 | &nbsp;&nbsp; 892204 |
|  | **Environmental — 0.1%** | **Environmental — 0.1%** |
| 515000 | GFL Environmental, Inc., 4.375%, 8/15/2029(a) | &nbsp;&nbsp; 502439 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Finance Companies — 1.6%** | **Finance Companies — 1.6%** |
| $2770000 | &nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust, 3.300%, 1/30/2032<br>| &nbsp;&nbsp; $2550875 |
| 1015000 | &nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust, 3.400%, 10/29/2033<br>| &nbsp;&nbsp; 911987 |
| 730000 | &nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust, 5.375%, 12/15/2031<br>| &nbsp;&nbsp; 754994 |
| 405000 | Aircastle Ltd., 5.950%, 2/15/2029(a) | &nbsp;&nbsp; 422376 |
| 1190000 | Aircastle Ltd., 6.500%, 7/18/2028(a) | &nbsp;&nbsp; 1250499 |
| 460000 | &nbsp;&nbsp; Aircastle Ltd./Aircastle Ireland DAC, <br> 5.750%, 10/01/2031(a)<br>| &nbsp;&nbsp; 479196 |
| 4240000 | Aviation Capital Group LLC, 4.800%, 10/24/2030(a) | &nbsp;&nbsp; 4236117 |
| 495000 | Avolon Holdings Funding Ltd., 5.375%, 5/30/2030(a) | &nbsp;&nbsp; 507764 |
| 780000 | &nbsp;&nbsp; Freedom Mortgage Holdings LLC, <br> 7.875%, 4/01/2033(a)<br>| &nbsp;&nbsp; 803538 |
| 100000 | &nbsp;&nbsp; Freedom Mortgage Holdings LLC, <br> 8.375%, 4/01/2032(a)<br>| &nbsp;&nbsp; 104815 |
| 190000 | &nbsp;&nbsp; Freedom Mortgage Holdings LLC, <br> 9.125%, 5/15/2031(a)<br>| &nbsp;&nbsp; 202075 |
| 255000 | &nbsp;&nbsp; Macquarie Airfinance Holdings Ltd., <br> 5.150%, 3/17/2030(a)<br>| &nbsp;&nbsp; 258565 |
| 920000 | &nbsp;&nbsp; Macquarie Airfinance Holdings Ltd., <br> 5.200%, 3/27/2028(a)<br>| &nbsp;&nbsp; 935676 |
| 1640000 | &nbsp;&nbsp; SMBC Aviation Capital Finance DAC, <br> 5.100%, 4/01/2030(a)<br>| &nbsp;&nbsp; 1675932 |
|  |  | &nbsp;&nbsp; 15094409 |
|  | **Financial Other — 0.2%** | **Financial Other — 0.2%** |
| 229540 | &nbsp;&nbsp; Add Hero Holdings Ltd., Series IAI, 8.500% PIK <br> and/or 7.500% Cash, 9/30/2029(e)<br>| &nbsp;&nbsp; 13481 |
| 186494 | &nbsp;&nbsp; Add Hero Holdings Ltd., Series IAI, 9.000% PIK <br> and/or 8.000% Cash, 9/30/2030(e)<br>| &nbsp;&nbsp; 3963 |
| 245238 | &nbsp;&nbsp; Add Hero Holdings Ltd., Series IAI, 9.800% PIK <br> and/or 8.800% Cash, 9/30/2031(e)<br>| &nbsp;&nbsp; 3985 |
| 540000 | Agile Group Holdings Ltd., 5.500%, 4/21/2025(f) | &nbsp;&nbsp; 30802 |
| 425000 | Agile Group Holdings Ltd., 5.500%, 5/17/2026(f) | &nbsp;&nbsp; 24059 |
| 430000 | Agile Group Holdings Ltd., 5.750%, 1/02/2025(f) | &nbsp;&nbsp; 24665 |
| 1540000 | Agile Group Holdings Ltd., 6.050%, 10/13/2025(f) | &nbsp;&nbsp; 87611 |
| 485000 | Central China Real Estate Ltd., 7.250%, 7/16/2024(f) | &nbsp;&nbsp; 12935 |
| 410000 | Central China Real Estate Ltd., 7.250%, 8/13/2024(f) | &nbsp;&nbsp; 14350 |
| 1000000 | Central China Real Estate Ltd., 7.650%, 8/27/2025(f) | &nbsp;&nbsp; 30350 |
| 625000 | Central China Real Estate Ltd., 7.750%, 5/24/2024(f) | &nbsp;&nbsp; 20369 |
| 2379845 | &nbsp;&nbsp; CFLD Cayman Investment Ltd., <br> 2.500%, 1/31/2031(a)(g)<br>| &nbsp;&nbsp; 71395 |
| 1258407 | &nbsp;&nbsp; CFLD Cayman Investment Ltd., <br> 2.500%, 1/31/2031(a)(g)<br>| &nbsp;&nbsp; 37752 |
| 272752 | &nbsp;&nbsp; CFLD Cayman Investment Ltd., Zero Coupon, <br> 1/31/2031(a)<br>| &nbsp;&nbsp; 6742 |
| 134342 | &nbsp;&nbsp; China Aoyuan Group Ltd., Series IAI, 5.500% PIK <br> and/or 0.000% Cash, 9/30/2031(e)<br>| &nbsp;&nbsp; 1577 |
| 337685 | &nbsp;&nbsp; China Aoyuan Group Ltd., Series IAI, Zero <br> Coupon(b)(d)<br>| &nbsp;&nbsp; 1884 |
| 630000 | China Evergrande Group, 8.250%, 3/23/2022(f) | &nbsp;&nbsp; 10105 |
| 1020000 | China Evergrande Group, 8.750%, 6/28/2025(f) | &nbsp;&nbsp; 14025 |
| 270000 | China Evergrande Group, 9.500%, 4/11/2022(f) | &nbsp;&nbsp; 3712 |
| 220000 | China Evergrande Group, 9.500%, 3/29/2024(f) | &nbsp;&nbsp; 3025 |
| 1110000 | CIFI Holdings Group Co. Ltd., 4.450%, 8/17/2026(f) | &nbsp;&nbsp; 108558 |
| 591463 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., 6.250% PIK and/or <br> 5.250% Cash, 12/28/2028(a)(e)<br>| &nbsp;&nbsp; 12569 |
| 985772 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., 6.500% PIK and/or <br> 5.500% Cash, 12/28/2029(a)(e)<br>| &nbsp;&nbsp; 18483 |
| 1182927 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., 6.750% PIK and/or <br> 5.750% Cash, 12/28/2030(a)(e)<br>| &nbsp;&nbsp; 16265 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Financial Other — continued** | **Financial Other — continued** |
| $1774390 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., 7.000% PIK and/or <br> 6.000% Cash, 12/28/2031(a)(e)<br>| &nbsp;&nbsp; $19962 |
| 1662560 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., 7.250% PIK and/or <br> 6.250% Cash, 12/28/2032(a)(e)<br>| &nbsp;&nbsp; 18704 |
| 394309 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., 7.721% PIK and/or <br> 6.721% Cash, 12/28/2028(a)(e)<br>| &nbsp;&nbsp; 9858 |
| 645000 | KWG Group Holdings Ltd., 6.000%, 8/14/2026(f) | &nbsp;&nbsp; 40029 |
| 845000 | KWG Group Holdings Ltd., 6.300%, 2/13/2026(f) | &nbsp;&nbsp; 52508 |
| 400000 | Logan Group Co. Ltd., 4.250%, 7/12/2025(f) | &nbsp;&nbsp; 33408 |
| 230000 | Logan Group Co. Ltd., 4.850%, 12/14/2026(f) | &nbsp;&nbsp; 19389 |
| 21600 | &nbsp;&nbsp; Shimao Group Holdings Ltd., 6.000% PIK and/or <br> 5.000% Cash, 7/21/2031(a)(e)<br>| &nbsp;&nbsp; 905 |
| 403612 | &nbsp;&nbsp; Sunac China Holdings Ltd., 6.000% PIK and/or <br> 5.000% Cash, 9/30/2026(a)(e)(f)<br>| &nbsp;&nbsp; 58717 |
| 404592 | &nbsp;&nbsp; Sunac China Holdings Ltd., 6.250% PIK and/or <br> 5.250% Cash, 9/30/2027(a)(e)(f)<br>| &nbsp;&nbsp; 60689 |
| 811149 | &nbsp;&nbsp; Sunac China Holdings Ltd., 6.500% PIK and/or <br> 5.500% Cash, 9/30/2027(a)(e)(f)<br>| &nbsp;&nbsp; 119644 |
| 1219670 | &nbsp;&nbsp; Sunac China Holdings Ltd., 6.750% PIK and/or <br> 5.750% Cash, 9/30/2028(a)(e)(f)<br>| &nbsp;&nbsp; 182682 |
| 1222621 | &nbsp;&nbsp; Sunac China Holdings Ltd., 7.000% PIK and/or <br> 6.000% Cash, 9/30/2029(a)(e)(f)<br>| &nbsp;&nbsp; 183393 |
| 575709 | &nbsp;&nbsp; Sunac China Holdings Ltd., 7.250% PIK and/or <br> 6.250% Cash, 9/30/2030(a)(e)(f)<br>| &nbsp;&nbsp; 86541 |
| 210000 | Times China Holdings Ltd., 5.750%, 1/14/2027(f) | &nbsp;&nbsp; 6825 |
| 1085000 | Times China Holdings Ltd., 6.200%, 3/22/2026(f) | &nbsp;&nbsp; 36347 |
| 358474 | &nbsp;&nbsp; Yuzhou Group Holdings Co. Ltd., 1.000% PIK <br> and/or 0.000% Cash, 6/30/2034(e)<br>| &nbsp;&nbsp; 1950 |
| 380677 | &nbsp;&nbsp; Yuzhou Group Holdings Co. Ltd., 4.000% PIK <br> and/or 0.000% Cash, 6/30/2028(e)<br>| &nbsp;&nbsp; 13788 |
| 662884 | &nbsp;&nbsp; Yuzhou Group Holdings Co. Ltd., 4.500% PIK <br> and/or 0.000% Cash, 6/30/2029(e)<br>| &nbsp;&nbsp; 18680 |
| 884785 | &nbsp;&nbsp; Yuzhou Group Holdings Co. Ltd., 5.000% PIK <br> and/or 0.000% Cash, 6/30/2030(e)<br>| &nbsp;&nbsp; 18979 |
| 1241147 | &nbsp;&nbsp; Yuzhou Group Holdings Co. Ltd., 5.500% PIK <br> and/or 0.000% Cash, 6/30/2031(e)<br>| &nbsp;&nbsp; 18146 |
| 448995 | &nbsp;&nbsp; Yuzhou Group Holdings Co. Ltd., 7.000% PIK <br> and/or 6.000% Cash, 6/30/2027(e)<br>| &nbsp;&nbsp; 57467 |
| 1360000 | Zhenro Properties Group Ltd., 6.630%, 1/07/2026(f) | &nbsp;&nbsp; 3346 |
| 210000 | Zhenro Properties Group Ltd., 6.700%, 8/04/2026(f) | &nbsp;&nbsp; 525 |
| 220000 | Zhenro Properties Group Ltd., 7.350%, 2/05/2025(f) | &nbsp;&nbsp; 275 |
|  |  | &nbsp;&nbsp; 1635419 |
|  | **Food & Beverage — 1.6%** | **Food & Beverage — 1.6%** |
| 3230000 | &nbsp;&nbsp; Cargill, Inc., 1 day USD SOFR + 0.610%, <br> 4.875%, 2/11/2028(a)(b)<br>| &nbsp;&nbsp; 3237292 |
| 1540000 | &nbsp;&nbsp; JBS USA Holding Lux SARL/JBS USA Foods <br> Group Holdings, Inc./JBS USA Food Co., <br> 5.500%, 1/15/2036(a)<br>| &nbsp;&nbsp; 1572664 |
| 1555000 | &nbsp;&nbsp; JBS USA LUX SARL/JBS USA Food Co./JBS USA <br> Foods Group, 5.950%, 4/20/2035(a)<br>| &nbsp;&nbsp; 1633531 |
| 6450000 | PepsiCo, Inc., 4.400%, 2/07/2027 | &nbsp;&nbsp; 6499603 |
| 2300000 | Pilgrim's Pride Corp., 3.500%, 3/01/2032 | &nbsp;&nbsp; 2105278 |
|  |  | &nbsp;&nbsp; 15048368 |
|  | **Gaming — 0.4%** | **Gaming — 0.4%** |
| 2895000 | VICI Properties LP, 5.125%, 5/15/2032 | &nbsp;&nbsp; 2923494 |
| 1180000 | &nbsp;&nbsp; VICI Properties LP/VICI Note Co., Inc., <br> 3.875%, 2/15/2029(a)<br>| &nbsp;&nbsp; 1152080 |
|  |  | &nbsp;&nbsp; 4075574 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Government Owned - No Guarantee — 0.3%** | **Government Owned - No Guarantee — 0.3%** |
| $465000 | Antares Holdings LP, 2.750%, 1/15/2027(a) | &nbsp;&nbsp; $450632 |
| 2790000 | Antares Holdings LP, 3.750%, 7/15/2027(a) | &nbsp;&nbsp; 2712835 |
|  |  | &nbsp;&nbsp; 3163467 |
|  | **Health Care REITs — 0.0%** | **Health Care REITs — 0.0%** |
| 455000 | National Health Investors, Inc., 3.000%, 2/01/2031 | &nbsp;&nbsp; 411699 |
|  | **Health Insurance — 0.5%** | **Health Insurance — 0.5%** |
| 1040000 | Centene Corp., 3.375%, 2/15/2030 | &nbsp;&nbsp; 956474 |
| 2150000 | Centene Corp., 4.625%, 12/15/2029 | &nbsp;&nbsp; 2084159 |
| 1000000 | Molina Healthcare, Inc., 3.875%, 5/15/2032(a) | &nbsp;&nbsp; 907427 |
| 585000 | Molina Healthcare, Inc., 4.375%, 6/15/2028(a) | &nbsp;&nbsp; 570518 |
|  |  | &nbsp;&nbsp; 4518578 |
|  | **Healthcare — 0.6%** | **Healthcare — 0.6%** |
| 430000 | Avantor Funding, Inc., 4.625%, 7/15/2028(a) | &nbsp;&nbsp; 422973 |
| 3660000 | HCA, Inc., 5.600%, 4/01/2034 | &nbsp;&nbsp; 3799390 |
| 1200000 | Hologic, Inc., 3.250%, 2/15/2029(a) | &nbsp;&nbsp; 1158710 |
|  |  | &nbsp;&nbsp; 5381073 |
|  | **Home Construction — 0.3%** | **Home Construction — 0.3%** |
| 2330000 | Meritage Homes Corp., 5.650%, 3/15/2035 | &nbsp;&nbsp; 2365811 |
|  | **Independent Energy — 1.8%** | **Independent Energy — 1.8%** |
| 1995000 | &nbsp;&nbsp; Canadian Natural Resources Ltd., <br> 5.400%, 12/15/2034(a)<br>| &nbsp;&nbsp; 2031808 |
| 790000 | Civitas Resources, Inc., 8.375%, 7/01/2028(a) | &nbsp;&nbsp; 818874 |
| 2800000 | Continental Resources, Inc., 2.875%, 4/01/2032(a) | &nbsp;&nbsp; 2439943 |
| 4195000 | Continental Resources, Inc., 5.750%, 1/15/2031(a) | &nbsp;&nbsp; 4326028 |
| 1340000 | Energean Israel Finance Ltd., 5.375%, 3/30/2028 | &nbsp;&nbsp; 1316349 |
| 1090000 | EQT Corp., 3.625%, 5/15/2031(a) | &nbsp;&nbsp; 1019231 |
| 115000 | Leviathan Bond Ltd., 6.500%, 6/30/2027 | &nbsp;&nbsp; 115224 |
| 2855000 | Var Energi ASA, 6.500%, 5/22/2035(a) | &nbsp;&nbsp; 3035740 |
| 1250000 | Viper Energy Partners LLC, 5.700%, 8/01/2035 | &nbsp;&nbsp; 1270900 |
|  |  | &nbsp;&nbsp; 16374097 |
|  | **Integrated Energy — 0.4%** | **Integrated Energy — 0.4%** |
| 3265000 | &nbsp;&nbsp; Chevron USA, Inc., 1 day USD SOFR Index + <br> 0.360%, 4.589%, 2/26/2027(b)<br>| &nbsp;&nbsp; 3270812 |
|  | **Leisure — 0.1%** | **Leisure — 0.1%** |
| 700000 | Royal Caribbean Cruises Ltd., 5.625%, 9/30/2031(a) | &nbsp;&nbsp; 713776 |
|  | **Life Insurance — 0.1%** | **Life Insurance — 0.1%** |
| 780000 | Global Atlantic Fin Co., 3.125%, 6/15/2031(a) | &nbsp;&nbsp; 704160 |
| 425000 | Global Atlantic Fin Co., 4.400%, 10/15/2029(a) | &nbsp;&nbsp; 418584 |
|  |  | &nbsp;&nbsp; 1122744 |
|  | **Lodging — 0.4%** | **Lodging — 0.4%** |
| 255000 | &nbsp;&nbsp; Choice Hotels International, Inc., <br> 5.850%, 8/01/2034<br>| &nbsp;&nbsp; 260799 |
| 765000 | &nbsp;&nbsp; Hilton Grand Vacations Borrower LLC/Hilton <br> Grand Vacations Borrower, Inc., <br> 6.625%, 1/15/2032(a)<br>| &nbsp;&nbsp; 776975 |
| 690000 | Marriott International, Inc., 5.300%, 5/15/2034 | &nbsp;&nbsp; 708710 |
| 1535000 | Marriott International, Inc., 5.500%, 4/15/2037 | &nbsp;&nbsp; 1568676 |
|  |  | &nbsp;&nbsp; 3315160 |
|  | **Media Entertainment — 0.8%** | **Media Entertainment — 0.8%** |
| 3620000 | AppLovin Corp., 5.500%, 12/01/2034 | &nbsp;&nbsp; 3736731 |
| 70000 | Discovery Communications LLC, 3.625%, 5/15/2030 | &nbsp;&nbsp; 64666 |
| 425000 | Discovery Communications LLC, 6.350%, 6/01/2040 | &nbsp;&nbsp; 390010 |
| 1094700 | iHeartCommunications, Inc., 7.750%, 8/15/2030(a) | &nbsp;&nbsp; 909334 |
| 2230000 | Warnermedia Holdings, Inc., 4.279%, 3/15/2032 | &nbsp;&nbsp; 2043238 |
| 270000 | Warnermedia Holdings, Inc., 5.050%, 3/15/2042 | &nbsp;&nbsp; 215409 |
|  |  | &nbsp;&nbsp; 7359388 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Metals & Mining — 0.7%** | **Metals & Mining — 0.7%** |
| $1408000 | First Quantum Minerals Ltd., 9.375%, 3/01/2029(a) | &nbsp;&nbsp; $1492233 |
| 2035000 | Glencore Funding LLC, 5.673%, 4/01/2035(a) | &nbsp;&nbsp; 2115041 |
| 1930000 | Glencore Funding LLC, 6.500%, 10/06/2033(a) | &nbsp;&nbsp; 2126852 |
| 880000 | Steel Dynamics, Inc., 5.250%, 5/15/2035 | &nbsp;&nbsp; 899200 |
|  |  | &nbsp;&nbsp; 6633326 |
|  | **Midstream — 1.4%** | **Midstream — 1.4%** |
| 1775000 | Targa Resources Corp., 5.550%, 8/15/2035 | &nbsp;&nbsp; 1810358 |
| 25000 | Targa Resources Corp., 6.125%, 3/15/2033 | &nbsp;&nbsp; 26586 |
| 2830000 | Targa Resources Corp., 6.500%, 3/30/2034 | &nbsp;&nbsp; 3081508 |
| 950000 | &nbsp;&nbsp; Venture Global Calcasieu Pass LLC, <br> 3.875%, 11/01/2033(a)<br>| &nbsp;&nbsp; 855974 |
| 815000 | &nbsp;&nbsp; Venture Global Calcasieu Pass LLC, <br> 4.125%, 8/15/2031(a)<br>| &nbsp;&nbsp; 769236 |
| 1260000 | &nbsp;&nbsp; Venture Global Plaquemines LNG LLC, <br> 6.500%, 1/15/2034(a)<br>| &nbsp;&nbsp; 1326348 |
| 1895000 | &nbsp;&nbsp; Venture Global Plaquemines LNG LLC, <br> 7.500%, 5/01/2033(a)<br>| &nbsp;&nbsp; 2093994 |
| 1400000 | &nbsp;&nbsp; Venture Global Plaquemines LNG LLC, <br> 7.750%, 5/01/2035(a)<br>| &nbsp;&nbsp; 1580192 |
| 1665000 | &nbsp;&nbsp; Western Midstream Operating LP, <br> 6.150%, 4/01/2033<br>| &nbsp;&nbsp; 1758940 |
|  |  | &nbsp;&nbsp; 13303136 |
|  | **Non-Agency Commercial Mortgage-Backed** <br> **Securities — 4.2%** | **Non-Agency Commercial Mortgage-Backed** <br> **Securities — 4.2%** |
| 2995000 | &nbsp;&nbsp; BBCMS Mortgage Trust, Series 2020-BID, Class B, <br> 1 mo. USD SOFR + 2.654%, <br> 6.806%, 10/15/2037(a)(b)<br>| &nbsp;&nbsp; 2994064 |
| 2155000 | &nbsp;&nbsp; BPR Trust, Series 2021-NRD, Class F, 1 mo. USD <br> SOFR + 6.870%, 11.021%, 12/15/2038(a)(b)<br>| &nbsp;&nbsp; 2110101 |
| 1925000 | &nbsp;&nbsp; BPR Trust, Series 2022-SSP, Class A, 1 mo. USD <br> SOFR + 3.000%, 7.150%, 5/15/2039(a)(b)<br>| &nbsp;&nbsp; 1931288 |
| 100000 | &nbsp;&nbsp; BX Commercial Mortgage Trust, Series 2024-VLT5, <br> Class B, 5.995%, 11/13/2046(a)(b)<br>| &nbsp;&nbsp; 102708 |
| 530000 | &nbsp;&nbsp; BX Trust, Series 2024-VLT4, Class A, 1 mo. USD <br> SOFR + 1.491%, 5.642%, 6/15/2041(a)(b)<br>| &nbsp;&nbsp; 530331 |
| 2955000 | &nbsp;&nbsp; BX Trust, Series 2025-VLT6, Class A, 1 mo. USD <br> SOFR + 1.443%, 5.593%, 3/15/2042(a)(b)<br>| &nbsp;&nbsp; 2930742 |
| 1260000 | &nbsp;&nbsp; BX Trust, Series 2025-VLT7, Class A, 1 mo. USD <br> SOFR + 1.700%, 5.850%, 7/15/2044(a)(b)<br>| &nbsp;&nbsp; 1262655 |
| 1110000 | &nbsp;&nbsp; BX Trust, Series 2025-VLT7, Class B, 1 mo. USD <br> SOFR + 2.000%, 6.150%, 7/15/2044(a)(b)<br>| &nbsp;&nbsp; 1112321 |
| 2040000 | &nbsp;&nbsp; Citigroup Commercial Mortgage Trust, <br> Series 2014-GC21, Class D, 4.864%, 5/10/2047(a)(b)<br>| &nbsp;&nbsp; 1829064 |
| 2444601 | &nbsp;&nbsp; Commercial Mortgage Trust, Series 2012-CR3, <br> Class B, 3.922%, 10/15/2045(a)<br>| &nbsp;&nbsp; 2346817 |
| 31746 | &nbsp;&nbsp; Commercial Mortgage Trust, Series 2012-LC4, <br> Class C, 5.690%, 12/10/2044(b)<br>| &nbsp;&nbsp; 29604 |
| 130000 | &nbsp;&nbsp; Commercial Mortgage Trust, Series 2024-CBM, <br> Class A2, 5.867%, 12/10/2041(a)(b)<br>| &nbsp;&nbsp; 132427 |
| 1890000 | &nbsp;&nbsp; Credit Suisse Mortgage Trust, Series 2014-USA, <br> Class D, 4.373%, 9/15/2037(a)<br>| &nbsp;&nbsp; 1388677 |
| 5680000 | &nbsp;&nbsp; Credit Suisse Mortgage Trust, Series 2014-USA, <br> Class E, 4.373%, 9/15/2037(a)<br>| &nbsp;&nbsp; 3832580 |
| 920000 | &nbsp;&nbsp; DC Commercial Mortgage Trust, Series 2023-DC, <br> Class C, 7.379%, 9/12/2040(a)(b)<br>| &nbsp;&nbsp; 954621 |
| 518615 | &nbsp;&nbsp; Extended Stay America Trust, Series 2021-ESH, <br> Class D, 1 mo. USD SOFR + 2.364%, <br> 6.515%, 7/15/2038(a)(b)<br>| &nbsp;&nbsp; 518615 |
| 165000 | &nbsp;&nbsp; Extended Stay America Trust, Series 2025-ESH, <br> Class D, 1 mo. USD SOFR + 2.600%, <br> 6.750%, 10/15/2042(a)(b)<br>| &nbsp;&nbsp; 165000 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | &nbsp;&nbsp; **Non-Agency Commercial Mortgage-Backed** <br> **Securities — continued** | &nbsp;&nbsp; **Non-Agency Commercial Mortgage-Backed** <br> **Securities — continued** |
| $170000 | &nbsp;&nbsp; Extended Stay America Trust, Series 2025-ESH, <br> Class E, 1 mo. USD SOFR + 3.350%, <br> 7.500%, 10/15/2042(a)(b)<br>| &nbsp;&nbsp; $170000 |
| 200000 | &nbsp;&nbsp; Extended Stay America Trust, Series 2025-ESH, <br> Class F, 1 mo. USD SOFR + 4.100%, <br> 8.250%, 10/15/2042(a)(b)<br>| &nbsp;&nbsp; 200000 |
| 453180 | &nbsp;&nbsp; GS Mortgage Securities Corp. Trust, <br> Series 2012-BWTR, Class A, 2.954%, 11/05/2034(a)<br>| &nbsp;&nbsp; 388553 |
| 567229 | &nbsp;&nbsp; GS Mortgage Securities Corp. Trust, <br> Series 2013-G1, Class B, 3.845%, 4/10/2031(a)(b)<br>| &nbsp;&nbsp; 558539 |
| 3195000 | &nbsp;&nbsp; GS Mortgage Securities Corp. Trust, <br> Series 2013-PEMB, Class D, <br> 3.668%, 3/05/2033(a)(b)<br>| &nbsp;&nbsp; 631013 |
| 540000 | &nbsp;&nbsp; GS Mortgage Securities Trust, Series 2011-GC5, <br> Class C, 5.314%, 8/10/2044(a)(b)<br>| &nbsp;&nbsp; 476055 |
| 1945000 | &nbsp;&nbsp; JP Morgan Chase Commercial Mortgage <br> Securities Trust, Series 2011-C3, Class C, <br> 5.360%, 2/15/2046(a)(b)<br>| &nbsp;&nbsp; 1835969 |
| 865821 | &nbsp;&nbsp; JP Morgan Chase Commercial Mortgage <br> Securities Trust, Series 2012-LC9, Class C, <br> 3.689%, 12/15/2047(a)(b)<br>| &nbsp;&nbsp; 839889 |
| 295000 | &nbsp;&nbsp; JP Morgan Chase Commercial Mortgage <br> Securities Trust, Series 2025-BMS, Class A, 1 mo. <br> USD SOFR + 1.600%, 5.750%, 1/15/2042(a)(b)<br>| &nbsp;&nbsp; 294432 |
| 640000 | &nbsp;&nbsp; JP Morgan Chase Commercial Mortgage <br> Securities Trust, Series 2025-BMS, Class C, 1 mo. <br> USD SOFR + 2.400%, 6.550%, 1/15/2042(a)(b)<br>| &nbsp;&nbsp; 636859 |
| 420000 | &nbsp;&nbsp; JP Morgan Chase Commercial Mortgage <br> Securities Trust, Series 2025-BMS, Class D, 1 mo. <br> USD SOFR + 3.150%, 7.300%, 1/15/2042(a)(b)<br>| &nbsp;&nbsp; 417659 |
| 180000 | &nbsp;&nbsp; LEX Mortgage Trust, Series 2024-BBG, Class A, <br> 5.036%, 10/13/2033(a)(b)<br>| &nbsp;&nbsp; 181284 |
| 505566 | &nbsp;&nbsp; Morgan Stanley Capital I Trust, Series 2011-C2, <br> Class D, 5.385%, 6/15/2044(a)(b)<br>| &nbsp;&nbsp; 500662 |
| 81324 | &nbsp;&nbsp; MSBAM Commercial Mortgage Securities Trust, <br> Series 2012-CKSV, Class A2, 3.277%, 10/15/2030(a)<br>| &nbsp;&nbsp; 77461 |
| 390000 | &nbsp;&nbsp; New Economy Assets - Phase 1 Sponsor LLC, <br> Series 2021-1, Class A1, 1.910%, 10/20/2061(a)<br>| &nbsp;&nbsp; 325317 |
| 1060000 | &nbsp;&nbsp; Starwood Retail Property Trust, Series 2014-STAR, <br> Class C, Prime + 0.000%, <br> 7.500%, 11/15/2027(a)(b)(c)(g)<br>| &nbsp;&nbsp; 21200 |
| 4243654 | &nbsp;&nbsp; Starwood Retail Property Trust, Series 2014-STAR, <br> Class D, Prime + 0.000%, <br> 7.500%, 11/15/2027(a)(b)(c)(g)<br>| &nbsp;&nbsp; 42437 |
| 3575000 | &nbsp;&nbsp; Starwood Retail Property Trust, Series 2014-STAR, <br> Class E, Prime + 0.000%, <br> 7.500%, 11/15/2027(a)(b)(c)(g)<br>| &nbsp;&nbsp; 17875 |
| 108058 | &nbsp;&nbsp; Wells Fargo Commercial Mortgage Trust, <br> Series 2013-LC12, Class B, 3.913%, 7/15/2046(b)<br>| &nbsp;&nbsp; 104816 |
| 1690000 | &nbsp;&nbsp; Wells Fargo Commercial Mortgage Trust, <br> Series 2016-C36, Class B, 3.671%, 11/15/2059(b)<br>| &nbsp;&nbsp; 1589666 |
| 440000 | &nbsp;&nbsp; Wells Fargo Commercial Mortgage Trust, <br> Series 2016-C36, Class C, 4.248%, 11/15/2059(b)<br>| &nbsp;&nbsp; 384618 |
| 941396 | &nbsp;&nbsp; WFRBS Commercial Mortgage Trust, <br> Series 2011-C3, Class D, 6.050%, 3/15/2044(a)(b)<br>| &nbsp;&nbsp; 338903 |
| 1699593 | &nbsp;&nbsp; WFRBS Commercial Mortgage Trust, <br> Series 2011-C4, Class E, 5.150%, 6/15/2044(a)(b)<br>| &nbsp;&nbsp; 1601543 |
| 2245000 | &nbsp;&nbsp; WFRBS Commercial Mortgage Trust, <br> Series 2012-C10, Class C, 4.455%, 12/15/2045(b)<br>| &nbsp;&nbsp; 1948682 |
| 1005698 | &nbsp;&nbsp; WFRBS Commercial Mortgage Trust, <br> Series 2014-C20, Class B, 4.378%, 5/15/2047<br>| &nbsp;&nbsp; 901367 |
|  |  | &nbsp;&nbsp; 38656414 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Oil Field Services — 0.2%** | **Oil Field Services — 0.2%** |
| $2175000 | Helmerich & Payne, Inc., 5.500%, 12/01/2034 | &nbsp;&nbsp; $2131138 |
|  | **Packaging — 0.4%** | **Packaging — 0.4%** |
| 3315000 | Ball Corp., 5.500%, 9/15/2033 | &nbsp;&nbsp; 3350633 |
|  | **Pharmaceuticals — 3.2%** | **Pharmaceuticals — 3.2%** |
| 6510000 | AbbVie, Inc., 4.650%, 3/15/2028 | &nbsp;&nbsp; 6617238 |
| 1495000 | Bausch Health Cos., Inc., 4.875%, 6/01/2028(a) | &nbsp;&nbsp; 1338025 |
| 6475000 | Eli Lilly & Co., 4.550%, 2/12/2028 | &nbsp;&nbsp; 6571518 |
| 2895000 | Johnson & Johnson, 4.500%, 3/01/2027 | &nbsp;&nbsp; 2927829 |
| 1900000 | &nbsp;&nbsp; Teva Pharmaceutical Finance Co. LLC, <br> 6.150%, 2/01/2036<br>| &nbsp;&nbsp; 1989452 |
| 930000 | &nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands II BV, <br> 4.375%, 5/09/2030, (EUR)<br>| &nbsp;&nbsp; 1117841 |
| 685000 | &nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands II BV, <br> 7.375%, 9/15/2029, (EUR)<br>| &nbsp;&nbsp; 906614 |
| 570000 | &nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands II BV, <br> 7.875%, 9/15/2031, (EUR)<br>| &nbsp;&nbsp; 802154 |
| 7575000 | &nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, <br> 4.100%, 10/01/2046<br>| &nbsp;&nbsp; 5653299 |
| 340000 | &nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, <br> 6.000%, 12/01/2032<br>| &nbsp;&nbsp; 354105 |
| 435000 | &nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, <br> 7.875%, 9/15/2029<br>| &nbsp;&nbsp; 474713 |
| 305000 | &nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, <br> 8.125%, 9/15/2031<br>| &nbsp;&nbsp; 348727 |
| 720000 | &nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands IV BV, <br> 5.750%, 12/01/2030<br>| &nbsp;&nbsp; 741535 |
|  |  | &nbsp;&nbsp; 29843050 |
|  | **Property & Casualty Insurance — 0.1%** | **Property & Casualty Insurance — 0.1%** |
| 700000 | &nbsp;&nbsp; Alliant Holdings Intermediate LLC/Alliant Holdings <br> Co-Issuer, 6.500%, 10/01/2031(a)<br>| &nbsp;&nbsp; 715703 |
| 345000 | Brown & Brown, Inc., 5.550%, 6/23/2035 | &nbsp;&nbsp; 354885 |
|  |  | &nbsp;&nbsp; 1070588 |
|  | **Restaurants — 0.2%** | **Restaurants — 0.2%** |
| 300000 | &nbsp;&nbsp; 1011778 BC ULC/New Red Finance, Inc., <br> 3.500%, 2/15/2029(a)<br>| &nbsp;&nbsp; 286437 |
| 75000 | &nbsp;&nbsp; 1011778 BC ULC/New Red Finance, Inc., <br> 3.875%, 1/15/2028(a)<br>| &nbsp;&nbsp; 73203 |
| 2080000 | &nbsp;&nbsp; 1011778 BC ULC/New Red Finance, Inc., <br> 4.000%, 10/15/2030(a)<br>| &nbsp;&nbsp; 1960241 |
|  |  | &nbsp;&nbsp; 2319881 |
|  | **Retailers — 0.2%** | **Retailers — 0.2%** |
| 1435000 | &nbsp;&nbsp; Global Auto Holdings Ltd./AAG FH U.K. Ltd., <br> 11.500%, 8/15/2029(a)<br>| &nbsp;&nbsp; 1513924 |
|  | **School District — 0.1%** | **School District — 0.1%** |
| 615000 | AppLovin Corp., 5.125%, 12/01/2029 | &nbsp;&nbsp; 629149 |
|  | **Sovereigns — 3.5%** | **Sovereigns — 3.5%** |
| 1610000 | &nbsp;&nbsp; Chile Government International Bonds, <br> 3.100%, 1/22/2061<br>| &nbsp;&nbsp; 994739 |
| 2080000 | &nbsp;&nbsp; Chile Government International Bonds, <br> 3.250%, 9/21/2071<br>| &nbsp;&nbsp; 1291056 |
| 840000 | &nbsp;&nbsp; Chile Government International Bonds, <br> 4.340%, 3/07/2042<br>| &nbsp;&nbsp; 741804 |
| 2815000 | &nbsp;&nbsp; Chile Government International Bonds, <br> 5.650%, 1/13/2037<br>| &nbsp;&nbsp; 2957580 |
| 2137000 | Kuwait International Bonds, 4.652%, 10/09/2035 | &nbsp;&nbsp; 2137000 |
| 1130000 | &nbsp;&nbsp; Kyrgyz Republic International Bonds, <br> 7.750%, 6/03/2030(a)<br>| &nbsp;&nbsp; 1138622 |
| 3255000 | &nbsp;&nbsp; Mexico Government International Bonds, <br> 5.375%, 3/22/2033<br>| &nbsp;&nbsp; 3245235 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Sovereigns — continued** | **Sovereigns — continued** |
| $1740000 | &nbsp;&nbsp; Oman Government International Bonds, <br> 6.000%, 8/01/2029<br>| &nbsp;&nbsp; $1833551 |
| 1000000 | &nbsp;&nbsp; Philippines Government International Bonds, <br> 2.650%, 12/10/2045<br>| &nbsp;&nbsp; 673743 |
| 2465000 | &nbsp;&nbsp; Philippines Government International Bonds, <br> 2.950%, 5/05/2045<br>| &nbsp;&nbsp; 1764299 |
| 800000 | &nbsp;&nbsp; Philippines Government International Bonds, <br> 5.900%, 2/04/2050<br>| &nbsp;&nbsp; 852145 |
| 480000 | &nbsp;&nbsp; Republic of Uzbekistan International Bonds, <br> 3.700%, 11/25/2030<br>| &nbsp;&nbsp; 443211 |
| 1670000 | &nbsp;&nbsp; Republic of Uzbekistan International Bonds, <br> 3.900%, 10/19/2031<br>| &nbsp;&nbsp; 1533916 |
| 915000 | &nbsp;&nbsp; Republic of Uzbekistan International Bonds, <br> 5.100%, 2/25/2029, (EUR)(a)<br>| &nbsp;&nbsp; 1115760 |
| 815000 | &nbsp;&nbsp; Republic of Uzbekistan International Bonds, <br> 5.100%, 2/25/2029, (EUR)<br>| &nbsp;&nbsp; 993819 |
| 470000 | &nbsp;&nbsp; Republic of Uzbekistan International Bonds, <br> 5.375%, 5/29/2027, (EUR)(a)<br>| &nbsp;&nbsp; 569169 |
| 2160000 | &nbsp;&nbsp; Republic of Uzbekistan International Bonds, <br> 6.900%, 2/28/2032(a)<br>| &nbsp;&nbsp; 2322086 |
| 1320000 | &nbsp;&nbsp; Republic of Uzbekistan International Bonds, <br> 6.947%, 5/25/2032(a)<br>| &nbsp;&nbsp; 1420346 |
| 220000 | &nbsp;&nbsp; Republic of Uzbekistan International Bonds, <br> 7.850%, 10/12/2028(a)<br>| &nbsp;&nbsp; 236541 |
| 2775000 | &nbsp;&nbsp; Romania Government International Bonds, <br> 5.875%, 7/11/2032, (EUR)(a)<br>| &nbsp;&nbsp; 3336182 |
| 995000 | &nbsp;&nbsp; Romania Government International Bonds, <br> 6.750%, 7/11/2039, (EUR)(a)<br>| &nbsp;&nbsp; 1190902 |
| 1570000 | &nbsp;&nbsp; Turkiye Government International Bonds, <br> 6.950%, 9/16/2035<br>| &nbsp;&nbsp; 1579608 |
|  |  | &nbsp;&nbsp; 32371314 |
|  | **Technology — 4.4%** | **Technology — 4.4%** |
| 1925000 | Atlassian Corp., 5.500%, 5/15/2034 | &nbsp;&nbsp; 1983149 |
| 4895000 | Broadcom, Inc., 3.137%, 11/15/2035(a) | &nbsp;&nbsp; 4234986 |
| 2410000 | CDW LLC/CDW Finance Corp., 3.250%, 2/15/2029 | &nbsp;&nbsp; 2308252 |
| 995000 | CDW LLC/CDW Finance Corp., 5.550%, 8/22/2034 | &nbsp;&nbsp; 1020229 |
| 3255000 | Cisco Systems, Inc., 4.550%, 2/24/2028 | &nbsp;&nbsp; 3305049 |
| 1115000 | Entegris, Inc., 4.750%, 4/15/2029(a) | &nbsp;&nbsp; 1105436 |
| 1265000 | Fair Isaac Corp., 6.000%, 5/15/2033(a) | &nbsp;&nbsp; 1280741 |
| 970000 | &nbsp;&nbsp; Go Daddy Operating Co. LLC/GD Finance Co., Inc., <br> 3.500%, 3/01/2029(a)<br>| &nbsp;&nbsp; 919052 |
| 680000 | &nbsp;&nbsp; Go Daddy Operating Co. LLC/GD Finance Co., Inc., <br> 5.250%, 12/01/2027(a)<br>| &nbsp;&nbsp; 678799 |
| 6450000 | &nbsp;&nbsp; International Business Machines Corp., <br> 4.650%, 2/10/2028<br>| &nbsp;&nbsp; 6542124 |
| 645000 | Iron Mountain, Inc., 4.500%, 2/15/2031(a) | &nbsp;&nbsp; 615669 |
| 320000 | Iron Mountain, Inc., 5.250%, 7/15/2030(a) | &nbsp;&nbsp; 316469 |
| 1820000 | &nbsp;&nbsp; Mastercard, Inc., 1 day USD SOFR Index + 0.440%, <br> 4.616%, 3/15/2028(b)<br>| &nbsp;&nbsp; 1820913 |
| 340000 | Micron Technology, Inc., 5.875%, 2/09/2033 | &nbsp;&nbsp; 361119 |
| 2825000 | Micron Technology, Inc., 5.875%, 9/15/2033 | &nbsp;&nbsp; 3005228 |
| 530000 | Micron Technology, Inc., 6.050%, 11/01/2035 | &nbsp;&nbsp; 566272 |
| 1135000 | MSCI, Inc., 5.250%, 9/01/2035 | &nbsp;&nbsp; 1144397 |
| 670000 | NetApp, Inc., 5.500%, 3/17/2032 | &nbsp;&nbsp; 697097 |
| 595000 | NetApp, Inc., 5.700%, 3/17/2035 | &nbsp;&nbsp; 621972 |
| 2750000 | Oracle Corp., 5.200%, 9/26/2035 | &nbsp;&nbsp; 2765143 |
| 2155000 | Sensata Technologies, Inc., 3.750%, 2/15/2031(a) | &nbsp;&nbsp; 1988804 |
| 845000 | Synopsys, Inc., 5.150%, 4/01/2035 | &nbsp;&nbsp; 859580 |
| 995000 | Synopsys, Inc., 5.700%, 4/01/2055 | &nbsp;&nbsp; 1004185 |
| 1970000 | TD SYNNEX Corp., 6.100%, 4/12/2034 | &nbsp;&nbsp; 2094339 |
|  |  | &nbsp;&nbsp; 41239004 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Treasuries — 15.2%** | **Treasuries — 15.2%** |
| 5515000 | &nbsp;&nbsp; Australia Government Bonds, 1.000%, 11/21/2031, <br> (AUD)<br>| &nbsp;&nbsp; $3078711 |
| 25,837(h)<br>| &nbsp;&nbsp; Brazil Notas do Tesouro Nacional, <br> 10.000%, 1/01/2031, (BRL)<br>| &nbsp;&nbsp; 4249585 |
| 6000000 | &nbsp;&nbsp; Bundesschatzanweisungen, 1.900%, 9/16/2027, <br> (EUR)<br>| &nbsp;&nbsp; 7027842 |
| 895,000(i)<br>| Mexico Bonos, 8.500%, 11/18/2038, (MXN) | &nbsp;&nbsp; 4694016 |
| 242300000 | &nbsp;&nbsp; Republic of South Africa Government Bonds, <br> 8.500%, 1/31/2037, (ZAR)<br>| &nbsp;&nbsp; 12907730 |
| 142220000 | &nbsp;&nbsp; Republic of South Africa Government Bonds, <br> 9.000%, 1/31/2040, (ZAR)<br>| &nbsp;&nbsp; 7535969 |
| 124940000 | &nbsp;&nbsp; Turkiye Government Bonds, 36.000%, 8/12/2026, <br> (TRY)<br>| &nbsp;&nbsp; 2973496 |
| 104900000 | &nbsp;&nbsp; Turkiye Government Bonds, 37.000%, 2/18/2026, <br> (TRY)<br>| &nbsp;&nbsp; 2522427 |
| 49610000 | U.S. Treasury Notes, 0.625%, 5/15/2030 | &nbsp;&nbsp; 43125818 |
| 18060000 | U.S. Treasury Notes, 3.750%, 4/15/2026(j) | &nbsp;&nbsp; 18051887 |
| 1105000 | U.S. Treasury Notes, 4.250%, 1/31/2026 | &nbsp;&nbsp; 1105777 |
| 825000 | U.S. Treasury Notes, 4.375%, 7/31/2026 | &nbsp;&nbsp; 828957 |
| 27660000 | U.S. Treasury Notes, 4.500%, 3/31/2026 | &nbsp;&nbsp; 27748598 |
| 4000000 | U.S. Treasury Notes, 4.875%, 5/31/2026 | &nbsp;&nbsp; 4026625 |
| 36185000 | &nbsp;&nbsp; Uruguay Government International Bonds, <br> 8.500%, 3/15/2028, (UYU)<br>| &nbsp;&nbsp; 921567 |
| 35915000 | &nbsp;&nbsp; Uruguay Government International Bonds, <br> 9.750%, 7/20/2033, (UYU)<br>| &nbsp;&nbsp; 987710 |
|  |  | &nbsp;&nbsp; 141786715 |
|  | **Wireless — 0.1%** | **Wireless — 0.1%** |
| 985000 | Sprint Capital Corp., 8.750%, 3/15/2032 | &nbsp;&nbsp; 1200009 |
|  | &nbsp;&nbsp; Total Non-Convertible Bonds <br>(Identified Cost $688,554,291)<br>| &nbsp;&nbsp; 657752868 |
| **Convertible Bonds — 0.2%** | **Convertible Bonds — 0.2%** | **Convertible Bonds — 0.2%** |
|  | **Cable Satellite — 0.2%** | **Cable Satellite — 0.2%** |
| 634600 | &nbsp;&nbsp; EchoStar Corp., 3.875% PIK and/or 3.875% Cash, <br> 11/30/2030(e)<br>| &nbsp;&nbsp; 1561116 |
|  | **Financial Other — 0.0%** | **Financial Other — 0.0%** |
| 30180 | &nbsp;&nbsp; China Aoyuan Group Ltd., Series IAI, Zero Coupon, <br> 9/30/2028<br>| &nbsp;&nbsp; 470 |
| 295753 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., Zero Coupon, <br> 12/31/2025(a)<br>| &nbsp;&nbsp; 7394 |
| 394309 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., Zero Coupon, <br> 12/31/2026(a)<br>| &nbsp;&nbsp; 8872 |
| 492908 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., Zero Coupon, <br> 12/31/2027(a)<br>| &nbsp;&nbsp; 9242 |
| 788618 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., Zero Coupon, <br> 12/31/2028(a)<br>| &nbsp;&nbsp; 14786 |
| 788618 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., Zero Coupon, <br> 12/31/2029(a)<br>| &nbsp;&nbsp; 14786 |
| 985772 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., Zero Coupon, <br> 12/31/2030(a)<br>| &nbsp;&nbsp; 18483 |
| 985772 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., Zero Coupon, <br> 12/31/2031(a)<br>| &nbsp;&nbsp; 18483 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Financial Other — continued** | **Financial Other — continued** |
| $1859714 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., Zero Coupon, <br> 12/31/2032(a)<br>| &nbsp;&nbsp; $34870 |
| 2361982 | &nbsp;&nbsp; Shimao Group Holdings Ltd., Zero Coupon, <br> 7/21/2026(a)<br>| &nbsp;&nbsp; 131657 |
|  |  | &nbsp;&nbsp; 259043 |
|  | &nbsp;&nbsp; Total Convertible Bonds <br>(Identified Cost $2,656,020)<br>| &nbsp;&nbsp; 1820159 |
|  | &nbsp;&nbsp; Total Bonds and Notes <br>(Identified Cost $691,210,311)<br>| &nbsp;&nbsp; 659573027 |
| **Collateralized Loan Obligations — 8.2%** | **Collateralized Loan Obligations — 8.2%** | **Collateralized Loan Obligations — 8.2%** |
| 975000 | &nbsp;&nbsp; 720 East CLO V Ltd., Series 2024-2A, Class C, 3 mo. <br> USD SOFR + 2.200%, 6.526%, 7/20/2037(a)(b)<br>| &nbsp;&nbsp; 978981 |
| 875000 | &nbsp;&nbsp; AGL CLO 42 Ltd., Series 2025-42A, Class A1, 3 mo. <br> USD SOFR + 1.300%, 5.569%, 7/22/2038(a)(b)<br>| &nbsp;&nbsp; 878497 |
| 420000 | &nbsp;&nbsp; AGL Core CLO 36 Ltd., Series 2024-36A, Class B, <br> 3 mo. USD SOFR + 1.600%, 5.919%, 1/23/2038(a)(b)<br>| &nbsp;&nbsp; 420935 |
| 2335000 | &nbsp;&nbsp; AIMCO CLO 10 Ltd., Series 2019-10A, Class BRR, <br> 3 mo. USD SOFR + 1.750%, 6.082%, 7/22/2037(a)(b)<br>| &nbsp;&nbsp; 2343689 |
| 700000 | &nbsp;&nbsp; AIMCO CLO 16 Ltd., Series 2021-16A, Class BR, <br> 3 mo. USD SOFR + 1.650%, 5.972%, 7/17/2037(a)(b)<br>| &nbsp;&nbsp; 702817 |
| 890000 | &nbsp;&nbsp; Anchorage Capital CLO 6 Ltd., Series 2015-6A, <br> Class AR4, 3 mo. USD SOFR + 1.370%, <br> 5.640%, 7/22/2038(a)(b)<br>| &nbsp;&nbsp; 893115 |
| 2835000 | &nbsp;&nbsp; ARES Loan Funding VIII Ltd., Series 2024-ALF8, <br> Class B, 3 mo. USD SOFR + 1.700%, <br> 6.019%, 1/24/2038(a)(b)<br>| &nbsp;&nbsp; 2845651 |
| 1660000 | &nbsp;&nbsp; ARES XXXIX CLO Ltd., Series 2016-39A, Class BR3, <br> 3 mo. USD SOFR + 1.750%, 6.079%, 7/18/2037(a)(b)<br>| &nbsp;&nbsp; 1664522 |
| 1045000 | &nbsp;&nbsp; Bain Capital Credit CLO Ltd., Series 2020-1A, <br> Class C1RR, 3 mo. USD SOFR + 1.800%, <br> 6.042%, 4/18/2033(a)(b)<br>| &nbsp;&nbsp; 1045790 |
| 1080000 | &nbsp;&nbsp; Bain Capital Credit CLO Ltd., Series 2022-4A, <br> Class A1R, 3 mo. USD SOFR + 1.380%, <br> 5.698%, 10/16/2037(a)(b)<br>| &nbsp;&nbsp; 1084227 |
| 250000 | &nbsp;&nbsp; Benefit Street Partners CLO 43 Ltd., <br> Series 2025-43A, Class A, 3 mo. USD SOFR + <br> 1.270%, 0.000%, 10/20/2038(a)(b)(k)<br>| &nbsp;&nbsp; 250108 |
| 575000 | &nbsp;&nbsp; Benefit Street Partners CLO Ltd., Series 2015-6BR, <br> Class A1R, 3 mo. USD SOFR + 1.180%, <br> 5.506%, 4/20/2038(a)(b)<br>| &nbsp;&nbsp; 574714 |
| 2005000 | &nbsp;&nbsp; Benefit Street Partners CLO XVI Ltd., <br> Series 2018-16A, Class BR2, 3 mo. USD SOFR + <br> 1.700%, 6.022%, 1/17/2038(a)(b)<br>| &nbsp;&nbsp; 2010101 |
| 1590000 | &nbsp;&nbsp; Birch Grove CLO 12 Ltd., Series 2025-12A, Class C, <br> 3 mo. USD SOFR + 1.800%, 6.143%, 4/22/2038(a)(b)<br>| &nbsp;&nbsp; 1596891 |
| 1660000 | &nbsp;&nbsp; Birch Grove CLO 13 Ltd., Series 2025-13A, <br> Class A1, 3 mo. USD SOFR + 1.310%, <br> 5.467%, 10/23/2038(a)(b)<br>| &nbsp;&nbsp; 1664786 |
| 530000 | &nbsp;&nbsp; Birch Grove CLO 6 Ltd., Series 2023-6A, Class A1R, <br> 3 mo. USD SOFR + 1.380%, 5.751%, 7/20/2037(a)(b)<br>| &nbsp;&nbsp; 531303 |
| 465000 | &nbsp;&nbsp; Birch Grove CLO 7 Ltd., Series 2023-7A, Class A1R, <br> 3 mo. USD SOFR + 1.260%, <br> 0.000%, 10/20/2038(a)(b)(k)<br>| &nbsp;&nbsp; 465203 |
| 1335000 | &nbsp;&nbsp; Birch Grove CLO 9 Ltd., Series 2024-9A, Class A1, <br> 3 mo. USD SOFR + 1.400%, <br> 5.732%, 10/22/2037(a)(b)<br>| &nbsp;&nbsp; 1339227 |
| 400000 | &nbsp;&nbsp; Carbone CLO Ltd., Series 2017-1A, Class B, 3 mo. <br> USD SOFR + 2.062%, 6.387%, 1/20/2031(a)(b)<br>| &nbsp;&nbsp; 400755 |
| 1925000 | &nbsp;&nbsp; Carval CLO X-C Ltd., Series 2024-2A, Class B, <br> 3 mo. USD SOFR + 1.800%, 6.126%, 7/20/2037(a)(b)<br>| &nbsp;&nbsp; 1928842 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
| $730000 | &nbsp;&nbsp; CIFC Funding Ltd., Series 2013-2A, Class A3LR, <br> 3 mo. USD SOFR + 2.212%, <br> 6.541%, 10/18/2030(a)(b)<br>| &nbsp;&nbsp; $730673 |
| 1750000 | &nbsp;&nbsp; CIFC Funding Ltd., Series 2017-5A, Class BR, 3 mo. <br> USD SOFR + 1.700%, 6.022%, 7/17/2037(a)(b)<br>| &nbsp;&nbsp; 1755413 |
| 1140000 | &nbsp;&nbsp; CIFC Funding Ltd., Series 2019-7A, Class A1R, <br> 3 mo. USD SOFR + 1.280%, <br> 5.371%, 10/19/2038(a)(b)<br>| &nbsp;&nbsp; 1143526 |
| 290000 | &nbsp;&nbsp; CIFC Funding Ltd., Series 2021-4A, Class AR, 3 mo. <br> USD SOFR + 1.360%, 5.679%, 7/23/2037(a)(b)<br>| &nbsp;&nbsp; 290725 |
| 1030000 | &nbsp;&nbsp; Crown City CLO I, Series 2020-1A, Class A1RR, <br> 3 mo. USD SOFR + 1.370%, 5.533%, 7/20/2038(a)(b)<br>| &nbsp;&nbsp; 1033148 |
| 300000 | &nbsp;&nbsp; Diameter Capital CLO 10 Ltd., Series 2025-10A, <br> Class A, 3 mo. USD SOFR + 1.310%, <br> 5.596%, 4/20/2038(a)(b)<br>| &nbsp;&nbsp; 300831 |
| 250000 | &nbsp;&nbsp; Dryden 64 CLO Ltd., Series 2018-64A, Class C, <br> 3 mo. USD SOFR + 2.012%, 6.341%, 4/18/2031(a)(b)<br>| &nbsp;&nbsp; 250148 |
| 300000 | &nbsp;&nbsp; Dryden XXVI Senior Loan Fund, Series 2013-26A, <br> Class CR, 3 mo. USD SOFR + 2.112%, <br> 6.429%, 4/15/2029(a)(b)<br>| &nbsp;&nbsp; 300563 |
| 1030000 | &nbsp;&nbsp; Galaxy XXVI CLO Ltd., Series 2018-26A, Class BR, <br> 3 mo. USD SOFR + 1.600%, <br> 5.804%, 11/22/2031(a)(b)<br>| &nbsp;&nbsp; 1030491 |
| 1320000 | &nbsp;&nbsp; Garnet CLO 2 Ltd., Series 2025-2A, Class A, 3 mo. <br> USD SOFR + 1.350%, 5.431%, 10/20/2038(a)(b)<br>| &nbsp;&nbsp; 1324620 |
| 3060000 | &nbsp;&nbsp; Garnet CLO 2 Ltd., Series 2025-2A, Class C, 3 mo. <br> USD SOFR + 2.000%, 6.081%, 10/20/2038(a)(b)<br>| &nbsp;&nbsp; 3056297 |
| 950000 | &nbsp;&nbsp; Garnet CLO 3 Ltd., Series 2025-3A, Class A1, 3 mo. <br> USD SOFR + 1.270%, 0.000%, 10/20/2038(a)(b)(k)<br>| &nbsp;&nbsp; 950000 |
| 1765000 | &nbsp;&nbsp; Garnet CLO Ltd., Series 2025-1A, Class C, 3 mo. <br> USD SOFR + 2.250%, 6.520%, 7/20/2037(a)(b)<br>| &nbsp;&nbsp; 1776397 |
| 770000 | &nbsp;&nbsp; Golub Capital CLO 82 B Ltd., Series 2025-82A, <br> Class A1, 3 mo. USD SOFR + 1.260%, <br> 5.226%, 10/15/2038(a)(b)<br>| &nbsp;&nbsp; 770332 |
| 815000 | &nbsp;&nbsp; Golub Capital Partners CLO 74 B Ltd., <br> Series 2024-74A, Class B, 3 mo. USD SOFR + <br> 1.850%, 6.169%, 7/25/2037(a)(b)<br>| &nbsp;&nbsp; 817522 |
| 470000 | &nbsp;&nbsp; Golub Capital Partners CLO 74 B Ltd., <br> Series 2024-74A, Class C, 3 mo. USD SOFR + <br> 2.200%, 6.519%, 7/25/2037(a)(b)<br>| &nbsp;&nbsp; 471403 |
| 395000 | &nbsp;&nbsp; Greenacre Park CLO LLC, Series 2021-2A, <br> Class AR, 3 mo. USD SOFR + 1.370%, <br> 5.667%, 7/20/2037(a)(b)<br>| &nbsp;&nbsp; 396779 |
| 1900000 | &nbsp;&nbsp; Madison Park Funding LIX Ltd., Series 2021-59A, <br> Class CR, 3 mo. USD SOFR + 2.250%, <br> 6.579%, 4/18/2037(a)(b)<br>| &nbsp;&nbsp; 1908941 |
| 2210000 | &nbsp;&nbsp; Magnetite XXXVI Ltd., Series 2023-36A, Class CR, <br> 3 mo. USD SOFR + 1.850%, 6.169%, 7/25/2038(a)(b)<br>| &nbsp;&nbsp; 2216648 |
| 600000 | &nbsp;&nbsp; MidOcean Credit CLO XV Ltd., Series 2024-15A, <br> Class B, 3 mo. USD SOFR + 1.950%, <br> 6.276%, 7/21/2037(a)(b)<br>| &nbsp;&nbsp; 602149 |
| 435000 | &nbsp;&nbsp; MidOcean Credit CLO XVIII LLC, Series 2025-18A, <br> Class A1, 3 mo. USD SOFR + 1.170%, <br> 5.488%, 10/18/2035(a)(b)<br>| &nbsp;&nbsp; 435221 |
| 775000 | &nbsp;&nbsp; MidOcean Credit CLO XXI, Series 2025-21A, <br> Class A1, 3 mo. USD SOFR + 1.260%, <br> 0.000%, 10/20/2038(a)(b)(k)<br>| &nbsp;&nbsp; 775339 |
| 625000 | &nbsp;&nbsp; Northwoods Capital 20 Ltd., Series 2019-20A, <br> Class AR2, 3 mo. USD SOFR + 1.340%, <br> 5.556%, 10/25/2038(a)(b)<br>| &nbsp;&nbsp; 624644 |
| 795000 | &nbsp;&nbsp; OCP CLO Ltd., Series 2016-12A, Class BAR3, 3 mo. <br> USD SOFR + 1.680%, 6.009%, 10/18/2037(a)(b)<br>| &nbsp;&nbsp; 796273 |
| 1000000 | &nbsp;&nbsp; OCP CLO Ltd., Series 2020-18A, Class A1R2, 3 mo. <br> USD SOFR + 1.370%, 5.696%, 7/20/2037(a)(b)<br>| &nbsp;&nbsp; 1002557 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
| $920000 | &nbsp;&nbsp; Octagon Investment Partners XXII Ltd., <br> Series 2014-1A, Class CRR, 3 mo. USD SOFR + <br> 2.162%, 6.494%, 1/22/2030(a)(b)<br>| &nbsp;&nbsp; $922946 |
| 485000 | &nbsp;&nbsp; OHA Credit Partners XI Ltd., Series 2015-11A, <br> Class B1R2, 3 mo. USD SOFR + 1.800%, <br> 6.126%, 4/20/2037(a)(b)<br>| &nbsp;&nbsp; 486635 |
| 1090000 | &nbsp;&nbsp; OHA Credit Partners XI Ltd., Series 2015-11A, <br> Class CR2, 3 mo. USD SOFR + 2.200%, <br> 6.526%, 4/20/2037(a)(b)<br>| &nbsp;&nbsp; 1094902 |
| 885000 | &nbsp;&nbsp; OHA Loan Funding Ltd., Series 2013-1A, Class CR3, <br> 3 mo. USD SOFR + 2.350%, 6.669%, 4/23/2037(a)(b)<br>| &nbsp;&nbsp; 889410 |
| 960000 | &nbsp;&nbsp; OHA Loan Funding Ltd., Series 2015-1A, <br> Class A1R4, 3 mo. USD SOFR + 1.250%, <br> 5.422%, 10/19/2038(a)(b)<br>| &nbsp;&nbsp; 962870 |
| 1535000 | &nbsp;&nbsp; OHA Loan Funding Ltd., Series 2016-1A, Class CR2, <br> 3 mo. USD SOFR + 2.100%, 6.426%, 7/20/2037(a)(b)<br>| &nbsp;&nbsp; 1541082 |
| 1945000 | &nbsp;&nbsp; Palmer Square BDC CLO 1 Ltd., Series 1A, <br> Class B1, 3 mo. USD SOFR + 2.150%, <br> 6.468%, 7/15/2037(a)(b)<br>| &nbsp;&nbsp; 1956442 |
| 1650000 | &nbsp;&nbsp; Palmer Square CLO Ltd., Series 2024-2A, Class B, <br> 3 mo. USD SOFR + 1.650%, 5.976%, 7/20/2037(a)(b)<br>| &nbsp;&nbsp; 1654376 |
| 2110000 | &nbsp;&nbsp; Post CLO Ltd., Series 2023-1A, Class A, 3 mo. USD <br> SOFR + 1.950%, 6.276%, 4/20/2036(a)(b)<br>| &nbsp;&nbsp; 2114321 |
| 1445000 | &nbsp;&nbsp; Post CLO VI Ltd., Series 2024-2A, Class C, 3 mo. <br> USD SOFR + 2.100%, 6.426%, 1/20/2038(a)(b)<br>| &nbsp;&nbsp; 1449975 |
| 1150000 | &nbsp;&nbsp; Regatta 35 Funding Ltd., Series 2025-5A, Class A1, <br> 3 mo. USD SOFR + 1.290%, <br> 5.575%, 10/15/2038(a)(b)<br>| &nbsp;&nbsp; 1153737 |
| 2565000 | &nbsp;&nbsp; Rockford Tower CLO Ltd., Series 2017-2A, <br> Class CR, 3 mo. USD SOFR + 2.162%, <br> 6.479%, 10/15/2029(a)(b)<br>| &nbsp;&nbsp; 2569678 |
| 602713 | &nbsp;&nbsp; Rockford Tower CLO Ltd., Series 2018-1A, Class A, <br> 3 mo. USD SOFR + 1.362%, 5.565%, 5/20/2031(a)(b)<br>| &nbsp;&nbsp; 602712 |
| 1315000 | &nbsp;&nbsp; Silver Point CLO 12 Ltd., Series 2025-12A, <br> Class A1, 3 mo. USD SOFR + 1.310%, <br> 5.288%, 10/15/2038(a)(b)<br>| &nbsp;&nbsp; 1315568 |
| 430000 | &nbsp;&nbsp; Sixth Street CLO XV Ltd., Series 2020-15A, <br> Class CR, 3 mo. USD SOFR + 2.000%, <br> 6.319%, 10/24/2037(a)(b)<br>| &nbsp;&nbsp; 431428 |
| 1030000 | &nbsp;&nbsp; TICP CLO VII Ltd., Series 2017-7A, Class CR, 3 mo. <br> USD SOFR + 2.412%, 6.729%, 4/15/2033(a)(b)<br>| &nbsp;&nbsp; 1031262 |
| 1350000 | &nbsp;&nbsp; TPG CLO Ltd., Series 2025-1A, Class A1, 3 mo. USD <br> SOFR + 1.370%, 5.518%, 7/15/2037(a)(b)<br>| &nbsp;&nbsp; 1351323 |
| 1660000 | &nbsp;&nbsp; Wellfleet CLO Ltd., Series 2022-1A, Class CR, 3 mo. <br> USD SOFR + 2.200%, 6.518%, 7/15/2037(a)(b)<br>| &nbsp;&nbsp; 1663486 |
| 1055000 | &nbsp;&nbsp; Wellfleet CLO Ltd., Series 2024-1A, Class B, 3 mo. <br> USD SOFR + 2.050%, 6.379%, 7/18/2037(a)(b)<br>| &nbsp;&nbsp; 1058629 |
| 565000 | &nbsp;&nbsp; Wellfleet CLO Ltd., Series 2024-1A, Class C, 3 mo. <br> USD SOFR + 2.450%, 6.779%, 7/18/2037(a)(b)<br>| &nbsp;&nbsp; 569898 |
| 2580000 | &nbsp;&nbsp; Wise CLO Ltd., Series 2025-1A, Class B1, 3 mo. <br> USD SOFR + 1.550%, 5.810%, 1/20/2038(a)(b)<br>| &nbsp;&nbsp; 2581806 |
|  | &nbsp;&nbsp; Total Collateralized Loan Obligations <br>(Identified Cost $75,464,856)<br>| &nbsp;&nbsp; 75783280 |
| **Senior Loans — 3.7%** | **Senior Loans — 3.7%** | **Senior Loans — 3.7%** |
|  | **Automotive — 0.0%** | **Automotive — 0.0%** |
| 584000 | &nbsp;&nbsp; First Brands Group LLC, 2021 Term Loan, <br> 3/30/2027(f)<br>| &nbsp;&nbsp; 205445 |
| 453000 | &nbsp;&nbsp; First Brands Group LLC, 2022 Incremental Term <br> Loan, 3/30/2027(f)<br>| &nbsp;&nbsp; 159542 |
|  |  | &nbsp;&nbsp; 364987 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Chemicals — 0.2%** | **Chemicals — 0.2%** |
| $1580000 | &nbsp;&nbsp; Solstice Advanced Materials, Inc., Term Loan B, <br> 9/17/2032(l)<br>| &nbsp;&nbsp; $1580995 |
|  | **Construction Machinery — 0.3%** | **Construction Machinery — 0.3%** |
| 2056131 | Terex Corp., 2025 Term Loan, 10/08/2031(l) | &nbsp;&nbsp; 2058188 |
| 334152 | &nbsp;&nbsp; United Rentals, Inc., 2025 Repriced Term Loan B, <br> 1 mo. USD SOFR + 1.500%, 5.663%, 2/14/2031(b)(m)<br>| &nbsp;&nbsp; 335508 |
|  |  | &nbsp;&nbsp; 2393696 |
|  | **Consumer Cyclical Services — 0.2%** | **Consumer Cyclical Services — 0.2%** |
| 1404416 | &nbsp;&nbsp; Aramark Services, Inc., 2024 Term Loan B8, USD <br> SOFR + 2.000%, 6.173%, 6/22/2030(b)(m)<br>| &nbsp;&nbsp; 1405877 |
| 155000 | &nbsp;&nbsp; Aramark Services, Inc., 2025 Repriced Term Loan, <br> 1 mo. USD SOFR + 1.750%, 5.913%, 4/06/2028(b)(m)<br>| &nbsp;&nbsp; 155000 |
|  |  | &nbsp;&nbsp; 1560877 |
|  | **Electric — 0.5%** | **Electric — 0.5%** |
| 493747 | NRG Energy, Inc., 2024 Term Loan, 4/16/2031(l) | &nbsp;&nbsp; 493594 |
| 3685645 | &nbsp;&nbsp; NRG Energy, Inc., 2024 Term Loan, 3 mo. USD <br> SOFR + 1.750%, 6.064%, 4/16/2031(b)(m)<br>| &nbsp;&nbsp; 3684503 |
|  |  | &nbsp;&nbsp; 4178097 |
|  | **Environmental — 0.1%** | **Environmental — 0.1%** |
| 1380000 | Clean Harbors, Inc., 2025 Term Loan, 9/24/2032(l) | &nbsp;&nbsp; 1381725 |
|  | **Gaming — 0.4%** | **Gaming — 0.4%** |
| 835800 | &nbsp;&nbsp; DK Crown Holdings, Inc., 2025 Term Loan B, 1 mo. <br> USD SOFR + 1.750%, 6.005%, 3/04/2032(b)(m)<br>| &nbsp;&nbsp; 834237 |
| 1443977 | &nbsp;&nbsp; Flutter Financing BV, 2024 Term Loan B, 3 mo. USD <br> SOFR + 1.750%, 5.752%, 11/30/2030(b)(m)<br>| &nbsp;&nbsp; 1437840 |
| 1496250 | &nbsp;&nbsp; Flutter Financing BV, 2025 Term Loan B, 3 mo. USD <br> SOFR + 2.000%, 6.002%, 6/04/2032(b)(m)<br>| &nbsp;&nbsp; 1493347 |
| 117925 | &nbsp;&nbsp; Light & Wonder International, Inc., 2024 Term <br> Loan B2, 1 mo. USD SOFR + 2.250%, <br> 6.393%, 4/14/2029(b)(m)<br>| &nbsp;&nbsp; 118000 |
|  |  | &nbsp;&nbsp; 3883424 |
|  | **Healthcare — 0.5%** | **Healthcare — 0.5%** |
| 902901 | &nbsp;&nbsp; Bausch & Lomb Corp., 2023 Incremental Term <br> Loan, 1 mo. USD SOFR + 4.000%, <br> 8.166%, 9/29/2028(b)(m)<br>| &nbsp;&nbsp; 901772 |
| 3208678 | DaVita, Inc., 2025 Term Loan B, 5/09/2031(l) | &nbsp;&nbsp; 3213009 |
| 739611 | &nbsp;&nbsp; IQVIA, Inc., 2025 Incremental Term Loan B5, 3 mo. <br> USD SOFR + 1.750%, 5.752%, 1/02/2031(b)(m)<br>| &nbsp;&nbsp; 742755 |
|  |  | &nbsp;&nbsp; 4857536 |
|  | **Lodging — 0.1%** | **Lodging — 0.1%** |
| 584097 | &nbsp;&nbsp; Hilton Grand Vacations Borrower LLC, 2024 <br> Incremental Term Loan B, 1 mo. USD SOFR + <br> 2.000%, 6.163%, 1/17/2031(b)(m)<br>| &nbsp;&nbsp; 583186 |
|  | **Media Entertainment — 0.0%** | **Media Entertainment — 0.0%** |
| 317889 | &nbsp;&nbsp; MH Sub I LLC, 2023 Term Loan, 3 mo. USD SOFR + <br> 4.250%, 8.252%, 5/03/2028(b)(m)<br>| &nbsp;&nbsp; 305307 |
|  | **Metals & Mining — 0.3%** | **Metals & Mining — 0.3%** |
| 1972212 | Novelis Corp., 2025 Term Loan B, 3/11/2032(l) | &nbsp;&nbsp; 1975111 |
| 1238775 | &nbsp;&nbsp; Novelis Corp., 2025 Term Loan B, 3 mo. USD SOFR <br> + 1.750%, 5.752%, 3/11/2032(b)(m)<br>| &nbsp;&nbsp; 1240596 |
|  |  | &nbsp;&nbsp; 3215707 |
|  | **Paper — 0.3%** | **Paper — 0.3%** |
| 3208588 | &nbsp;&nbsp; Asplundh Tree Expert LLC, 2024 Incremental Term <br> Loan B, 5/23/2031(l)<br>| &nbsp;&nbsp; 3206856 |
|  | **Property & Casualty Insurance — 0.1%** | **Property & Casualty Insurance — 0.1%** |
| 314276 | &nbsp;&nbsp; HUB International Ltd., 2025 Term Loan B, 3 mo. <br> USD SOFR + 2.250%, 6.575%, 6/20/2030(b)(m)<br>| &nbsp;&nbsp; 314659 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Property & Casualty Insurance — continued** | **Property & Casualty Insurance — continued** |
| $207647 | &nbsp;&nbsp; Ryan Specialty Group LLC, 2024 USD Term Loan B, <br> 1 mo. USD SOFR + 2.000%, 6.163%, 9/15/2031(b)(m)<br>| &nbsp;&nbsp; $207583 |
| 357169 | &nbsp;&nbsp; Truist Insurance Holdings LLC, 2024 Term Loan B, <br> 3 mo. USD SOFR + 2.750%, 6.752%, 5/06/2031(b)(m)<br>| &nbsp;&nbsp; 356612 |
|  |  | &nbsp;&nbsp; 878854 |
|  | **Technology — 0.7%** | **Technology — 0.7%** |
| 1890702 | Open Text Corp., 2023 Term Loan B, 1/31/2030(l) | &nbsp;&nbsp; 1888206 |
| 1319752 | &nbsp;&nbsp; Open Text Corp., 2023 Term Loan B, 1 mo. USD <br> SOFR + 1.750%, 5.913%, 1/31/2030(b)(m)<br>| &nbsp;&nbsp; 1318010 |
| 3208597 | Trans Union LLC, 2024 Term Loan B8, 6/24/2031(l) | &nbsp;&nbsp; 3205485 |
|  |  | &nbsp;&nbsp; 6411701 |
|  | &nbsp;&nbsp; Total Senior Loans <br>(Identified Cost $34,886,574)<br>| &nbsp;&nbsp; 34802948 |
| **Equity-Linked Notes — 3.0%** | **Equity-Linked Notes — 3.0%** | **Equity-Linked Notes — 3.0%** |
| 858600 | &nbsp;&nbsp; Barclays Bank PLC, (Yum! Brands, Inc.), <br> 9.570%, 8/21/2026(a)<br>| &nbsp;&nbsp; 880446 |
| 985561 | &nbsp;&nbsp; Barclays Bank PLC, (Parker-Hannifin Corp.), <br> 10.770%, 3/23/2026(a)<br>| &nbsp;&nbsp; 1033585 |
| 869900 | &nbsp;&nbsp; Barclays Bank PLC, (Trane Technologies PLC), <br> 12.120%, 5/13/2026(a)<br>| &nbsp;&nbsp; 856126 |
| 834667 | &nbsp;&nbsp; Barclays Bank PLC, (W.W. Grainger, Inc.), <br> 12.270%, 11/14/2025(a)<br>| &nbsp;&nbsp; 800878 |
| 1084208 | &nbsp;&nbsp; Barclays Bank PLC, (FedEx Corp.), <br> 12.760%, 1/29/2026(a)<br>| &nbsp;&nbsp; 956098 |
| 778548 | &nbsp;&nbsp; Barclays Bank PLC, (ServiceNow, Inc.), <br> 13.610%, 3/09/2026(a)<br>| &nbsp;&nbsp; 742882 |
| 1207657 | &nbsp;&nbsp; Barclays Bank PLC, (Cheniere Energy, Inc.), <br> 14.470%, 1/16/2026(a)<br>| &nbsp;&nbsp; 1198735 |
| 669192 | &nbsp;&nbsp; Barclays Bank PLC, (Meta Platforms, Inc.), <br> 14.920%, 4/07/2026(a)<br>| &nbsp;&nbsp; 708414 |
| 909419 | &nbsp;&nbsp; Barclays Bank PLC, (Walt Disney Co.), <br> 16.140%, 1/20/2026(a)<br>| &nbsp;&nbsp; 904512 |
| 880660 | &nbsp;&nbsp; Barclays Bank PLC, (Adobe, Inc.), <br> 17.110%, 6/09/2026(a)<br>| &nbsp;&nbsp; 888452 |
| 1143387 | &nbsp;&nbsp; Barclays Bank PLC, (Intuit, Inc.), <br> 17.600%, 11/28/2025(a)<br>| &nbsp;&nbsp; 1188708 |
| 895379 | &nbsp;&nbsp; Barclays Bank PLC, (Freeport-McMoRan, Inc.), <br> 20.380%, 4/29/2026(a)<br>| &nbsp;&nbsp; 945844 |
| 1107323 | &nbsp;&nbsp; BNP Paribas Issuance BV, (McDonald's Corp.), <br> 11.600%, 11/24/2025(a)<br>| &nbsp;&nbsp; 1094667 |
| 917869 | &nbsp;&nbsp; BNP Paribas Issuance BV, (Visa, Inc.), <br> 12.010%, 4/01/2026(a)<br>| &nbsp;&nbsp; 918778 |
| 457774 | &nbsp;&nbsp; BNP Paribas Issuance BV, (Kinder Morgan, Inc.), <br> 12.270%, 6/25/2026(a)<br>| &nbsp;&nbsp; 460158 |
| 810845 | &nbsp;&nbsp; BNP Paribas Issuance BV, (Caterpillar, Inc.), <br> 12.410%, 3/19/2026(a)<br>| &nbsp;&nbsp; 871839 |
| 996715 | &nbsp;&nbsp; BNP Paribas Issuance BV, (Amazon.com, Inc.), <br> 12.420%, 3/12/2026(a)<br>| &nbsp;&nbsp; 999158 |
| 998550 | &nbsp;&nbsp; BNP Paribas Issuance BV, (American Express <br> Co.), 12.710%, 3/26/2026(a)<br>| &nbsp;&nbsp; 1064247 |
| 854029 | &nbsp;&nbsp; BNP Paribas Issuance BV, (Progressive Corp.), <br> 12.920%, 2/20/2026(a)<br>| &nbsp;&nbsp; 854792 |
| 1240937 | &nbsp;&nbsp; BNP Paribas Issuance BV, (Eaton Corp. PLC), <br> 16.040%, 1/06/2026(a)<br>| &nbsp;&nbsp; 1284762 |
| 886140 | &nbsp;&nbsp; BNP Paribas Issuance BV, (Crowdstrike Holdings, <br> Inc.), 17.830%, 5/26/2026(a)<br>| &nbsp;&nbsp; 913464 |
| 956519 | &nbsp;&nbsp; BNP Paribas Issuance BV, (Goldman Sachs <br> Group, Inc.), 18.240%, 11/03/2025(a)<br>| &nbsp;&nbsp; 998098 |
| 955917 | &nbsp;&nbsp; Citigroup Global Markets Holdings, Inc., (EOG <br> Resources, Inc.), 11.830%, 2/11/2026(a)<br>| &nbsp;&nbsp; 842157 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
| $1015641 | &nbsp;&nbsp; Citigroup Global Markets Holdings, Inc., (Eli Lilly <br> and Co.), 17.150%, 10/02/2025(a)<br>| &nbsp;&nbsp; $905522 |
| 818845 | &nbsp;&nbsp; Citigroup Global Markets Holdings, Inc., (KLA <br> Corp.), 20.670%, 10/15/2025(a)<br>| &nbsp;&nbsp; 849629 |
| 1000389 | &nbsp;&nbsp; GS Finance Corp., MTN, (Pfizer, Inc.), <br> 12.800%, 3/30/2026(a)<br>| &nbsp;&nbsp; 980235 |
| 1025459 | &nbsp;&nbsp; JPMorgan Chase Bank NA, (Dominion Energy, <br> Inc.), 12.280%, 4/06/2026(a)<br>| &nbsp;&nbsp; 1061495 |
| 1194147 | &nbsp;&nbsp; JPMorgan Chase Bank NA, (T-Mobile U.S., Inc.), <br> 14.920%, 12/10/2025(a)<br>| &nbsp;&nbsp; 1185285 |
| 1020540 | &nbsp;&nbsp; JPMorgan Chase Bank NA, (Bank of America <br> Corp.), 16.220%, 4/23/2026(a)<br>| &nbsp;&nbsp; 1112352 |
|  | &nbsp;&nbsp; Total Equity-Linked Notes <br>(Identified Cost $27,374,817)<br>| &nbsp;&nbsp; 27501318 |

---

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

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Shares**<br>|  |  |
| **Common Stocks— 0.8%** | **Common Stocks— 0.8%** | **Common Stocks— 0.8%** |
|  | **Aerospace & Defense — 0.0%** | **Aerospace & Defense — 0.0%** |
| 129 | General Electric Co. | &nbsp;&nbsp; 38806 |
| 112 | Lockheed Martin Corp. | &nbsp;&nbsp; 55911 |
|  |  | &nbsp;&nbsp; 94717 |
|  | **Air Freight & Logistics — 0.0%** | **Air Freight & Logistics — 0.0%** |
| 989 | United Parcel Service, Inc., Class B | &nbsp;&nbsp; 82611 |
|  | **Biotechnology — 0.2%** | **Biotechnology — 0.2%** |
| 429 | AbbVie, Inc. | &nbsp;&nbsp; 99331 |
| 35406 | BioMarin Pharmaceutical, Inc.(g) | &nbsp;&nbsp; 1917589 |
| 886 | Gilead Sciences, Inc. | &nbsp;&nbsp; 98346 |
|  |  | &nbsp;&nbsp; 2115266 |
|  | **Capital Markets — 0.0%** | **Capital Markets — 0.0%** |
| 298 | CME Group, Inc. | &nbsp;&nbsp; 80516 |
| 68 | Moody's Corp. | &nbsp;&nbsp; 32401 |
| 771 | Morgan Stanley | &nbsp;&nbsp; 122558 |
|  |  | &nbsp;&nbsp; 235475 |
|  | **Chemicals — 0.0%** | **Chemicals — 0.0%** |
| 890 | Corteva, Inc. | &nbsp;&nbsp; 60191 |
| 72 | Linde PLC | &nbsp;&nbsp; 34200 |
|  |  | &nbsp;&nbsp; 94391 |
|  | **Construction Materials — 0.1%** | **Construction Materials — 0.1%** |
| 49058 | Cemex SAB de CV, ADR | &nbsp;&nbsp; 441031 |
|  | **Consumer Staples Distribution & Retail — 0.0%** | **Consumer Staples Distribution & Retail — 0.0%** |
| 89 | Costco Wholesale Corp. | &nbsp;&nbsp; 82381 |
|  | **Containers & Packaging — 0.0%** | **Containers & Packaging — 0.0%** |
| 510 | Packaging Corp. of America | &nbsp;&nbsp; 111144 |
|  | **Electric Utilities — 0.0%** | **Electric Utilities — 0.0%** |
| 822 | Duke Energy Corp. | &nbsp;&nbsp; 101723 |
|  | **Electrical Equipment — 0.0%** | **Electrical Equipment — 0.0%** |
| 620 | Emerson Electric Co. | &nbsp;&nbsp; 81332 |
|  | **Electronic Equipment, Instruments & Components — 0.0%** | **Electronic Equipment, Instruments & Components — 0.0%** |
| 334 | Amphenol Corp., Class A | &nbsp;&nbsp; 41333 |
|  | **Financial Services — 0.0%** | **Financial Services — 0.0%** |
| 207 | Mastercard, Inc., Class A | &nbsp;&nbsp; 117744 |
|  | **Ground Transportation — 0.0%** | **Ground Transportation — 0.0%** |
| 382 | Union Pacific Corp. | &nbsp;&nbsp; 90293 |

---

---

| | | |
|:---|:---|:---|
| <br> **Shares**<br>| **Description** | **Value (†)** |
|  | **Health Care Equipment & Supplies — 0.0%** | **Health Care Equipment & Supplies — 0.0%** |
| 276 | Abbott Laboratories | &nbsp;&nbsp; $36967 |
|  | **Health Care Providers & Services — 0.0%** | **Health Care Providers & Services — 0.0%** |
| 262 | Elevance Health, Inc. | &nbsp;&nbsp; 84658 |
| 238 | UnitedHealth Group, Inc. | &nbsp;&nbsp; 82181 |
|  |  | &nbsp;&nbsp; 166839 |
|  | **Hotels, Restaurants & Leisure — 0.0%** | **Hotels, Restaurants & Leisure — 0.0%** |
| 11 | Booking Holdings, Inc. | &nbsp;&nbsp; 59392 |
| 71 | Royal Caribbean Cruises Ltd. | &nbsp;&nbsp; 22974 |
|  |  | &nbsp;&nbsp; 82366 |
|  | **Household Durables — 0.0%** | **Household Durables — 0.0%** |
| 148 | Garmin Ltd. | &nbsp;&nbsp; 36441 |
|  | **Household Products — 0.1%** | **Household Products — 0.1%** |
| 1358 | Colgate-Palmolive Co. | &nbsp;&nbsp; 108559 |
| 1168 | Kimberly-Clark Corp. | &nbsp;&nbsp; 145229 |
| 637 | Procter & Gamble Co. | &nbsp;&nbsp; 97875 |
|  |  | &nbsp;&nbsp; 351663 |
|  | **Interactive Media & Services — 0.0%** | **Interactive Media & Services — 0.0%** |
| 440 | Alphabet, Inc., Class A | &nbsp;&nbsp; 106964 |
|  | **Machinery — 0.0%** | **Machinery — 0.0%** |
| 117 | Deere & Co. | &nbsp;&nbsp; 53499 |
|  | **Media — 0.1%** | **Media — 0.1%** |
| 184712 | Altice USA, Inc., Class A(g) | &nbsp;&nbsp; 445156 |
| 3304 | Comcast Corp., Class A | &nbsp;&nbsp; 103812 |
|  |  | &nbsp;&nbsp; 548968 |
|  | **Oil, Gas & Consumable Fuels — 0.0%** | **Oil, Gas & Consumable Fuels — 0.0%** |
| 887 | Exxon Mobil Corp. | &nbsp;&nbsp; 100009 |
| 1595 | Williams Cos., Inc. | &nbsp;&nbsp; 101043 |
|  |  | &nbsp;&nbsp; 201052 |
|  | **Pharmaceuticals — 0.2%** | **Pharmaceuticals — 0.2%** |
| 1676 | Bristol-Myers Squibb Co. | &nbsp;&nbsp; 75588 |
| 204 | Johnson & Johnson | &nbsp;&nbsp; 37826 |
| 2040 | Merck & Co., Inc. | &nbsp;&nbsp; 171217 |
| 57867 | Teva Pharmaceutical Industries Ltd., ADR(g) | &nbsp;&nbsp; 1168913 |
|  |  | &nbsp;&nbsp; 1453544 |
|  | **Real Estate Management & Development — 0.0%** | **Real Estate Management & Development — 0.0%** |
| 84422 | China Aoyuan Group Ltd.(g) | &nbsp;&nbsp; 1248 |
| 185246 | Sunac China Holdings Ltd.(g) | &nbsp;&nbsp; 40435 |
| 430338 | Yuzhou Group Holdings Co. Ltd.(g) | &nbsp;&nbsp; 14101 |
|  |  | &nbsp;&nbsp; 55784 |
|  | **Retail REITs — 0.0%** | **Retail REITs — 0.0%** |
| 470 | Simon Property Group, Inc. | &nbsp;&nbsp; 88205 |
|  | **Semiconductors & Semiconductor Equipment — 0.0%** | **Semiconductors & Semiconductor Equipment — 0.0%** |
| 41 | ASML Holding NV | &nbsp;&nbsp; 39692 |
| 180 | Broadcom, Inc. | &nbsp;&nbsp; 59384 |
| 187 | &nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd., <br> ADR<br>| &nbsp;&nbsp; 52227 |
|  |  | &nbsp;&nbsp; 151303 |
|  | **Software — 0.1%** | **Software — 0.1%** |
| 252 | Microsoft Corp. | &nbsp;&nbsp; 130523 |
| 568 | Salesforce, Inc. | &nbsp;&nbsp; 134616 |
| 419 | SAP SE, ADR | &nbsp;&nbsp; 111961 |
|  |  | &nbsp;&nbsp; 377100 |
|  | **Specialty Retail — 0.0%** | **Specialty Retail — 0.0%** |
| 811 | TJX Cos., Inc. | &nbsp;&nbsp; 117222 |

---

------

---

| | | |
|:---|:---|:---|
| <br> **Shares**<br>| **Description** | **Value (†)** |
|  | **Technology Hardware, Storage & Peripherals — 0.0%** | **Technology Hardware, Storage & Peripherals — 0.0%** |
| 477 | Apple, Inc. | &nbsp;&nbsp; $121459 |
|  | &nbsp;&nbsp; Total Common Stocks <br>(Identified Cost $10,562,163)<br>| &nbsp;&nbsp; 7638817 |
| **Preferred Stocks — 0.1%** | **Preferred Stocks — 0.1%** | **Preferred Stocks — 0.1%** |
| **Convertible Preferred Stock — 0.1%** | **Convertible Preferred Stock — 0.1%** | **Convertible Preferred Stock — 0.1%** |
|  | **Aerospace & Defense — 0.1%** | **Aerospace & Defense — 0.1%** |
| 11577 | &nbsp;&nbsp; Boeing Co., 6.000% <br>(Identified Cost $602,612)<br>| &nbsp;&nbsp; 805412 |
| **Other Investments — 0.0%** | **Other Investments — 0.0%** | **Other Investments — 0.0%** |
|  | **Aircraft ABS — 0.0%** | **Aircraft ABS — 0.0%** |
| 900 | ECAF I Blocker, Ltd.(c)(n) | &nbsp;&nbsp; — |
|  | **Professional Services — 0.0%** | **Professional Services — 0.0%** |
| 5092534 | CFLD Cayman Trust Units(c)(g) | &nbsp;&nbsp; 25005 |
|  | &nbsp;&nbsp; Total Other Investments <br>(Identified Cost $9,024,560)<br>| &nbsp;&nbsp; 25005 |
|  | &nbsp;&nbsp; Total Purchased Options — 0.1% <br>(Identified Cost $954,862) (see details below)<br>| &nbsp;&nbsp; 928139 |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount (‡)**<br>| **Description** | **Value (†)** |
| **Short-Term Investments — 13.2%** | **Short-Term Investments — 13.2%** | **Short-Term Investments — 13.2%** |
| $34273023 | &nbsp;&nbsp; Tri-Party Repurchase Agreement with Fixed <br> Income Clearing Corporation, dated 9/30/2025 at <br> 2.650% to be repurchased at $34,275,546 <br> on 10/01/2025 collateralized by $34,553,800 <br> U.S. Treasury Note, 4.000% due 2/29/2028 valued <br> at $34,958,598 including accrued interest(o)<br>| &nbsp;&nbsp; $34273023 |
| 36774900 | &nbsp;&nbsp; U.S. Treasury Bills, <br> 4.009%–4.238%, 10/09/2025(p)(q)<br>| &nbsp;&nbsp; 36741709 |
| 9780000 | U.S. Treasury Bills, 4.027%, 12/04/2025(q) | &nbsp;&nbsp; 9712229 |
| 42625000 | &nbsp;&nbsp; U.S. Treasury Bills, <br> 4.029%–4.097%, 11/20/2025(p)(q)<br>| &nbsp;&nbsp; 42389970 |
|  | &nbsp;&nbsp; Total Short-Term Investments <br>(Identified Cost $123,108,866)<br>| &nbsp;&nbsp; 123116931 |
|  | &nbsp;&nbsp; Total Investments — 100.0% <br>(Identified Cost $973,189,621)<br>| &nbsp;&nbsp; 930174877 |
|  | Other assets less liabilities — (0.0)% | &nbsp;&nbsp; (386558)<br>|
|  | Net Assets — 100.0% | &nbsp;&nbsp; $929788319 |

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Purchased Options — 0.1%** | **Purchased Options — 0.1%** | **Purchased Options — 0.1%** | **Purchased Options — 0.1%** | **Purchased Options — 0.1%** | **Purchased Options — 0.1%** | **Purchased Options — 0.1%** |
| **Description** | &nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| &nbsp;&nbsp;&nbsp; **Exercise** <br>**Price**<br>| **Shares** | &nbsp;&nbsp; **Notional** <br>**Amount**<br>| **Cost** | **Value (†)** |
| **Options on Futures — 0.1%** | **Options on Futures — 0.1%** | **Options on Futures — 0.1%** | **Options on Futures — 0.1%** | **Options on Futures — 0.1%** | **Options on Futures — 0.1%** | **Options on Futures — 0.1%** |
| CBOT 10 Year U.S. Treasury Notes, Call | 11/21/2025 | 113 | &nbsp;&nbsp;&nbsp; 1350000 | &nbsp;&nbsp;&nbsp; $151875000 | &nbsp;&nbsp;&nbsp; $930947 | &nbsp;&nbsp;&nbsp; $907038 |
| CBOT 10 Year U.S. Treasury Notes, Call | 11/21/2025 | 124 | &nbsp;&nbsp;&nbsp; 1350000 | &nbsp;&nbsp;&nbsp; 151875000 | &nbsp;&nbsp;&nbsp; 23915 | &nbsp;&nbsp;&nbsp; 21101 |
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp; $954862 | &nbsp;&nbsp;&nbsp; $928139 |

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Written Options — (0.1%)** | **Written Options — (0.1%)** | **Written Options — (0.1%)** | **Written Options — (0.1%)** | **Written Options — (0.1%)** | **Written Options — (0.1%)** | **Written Options — (0.1%)** |
| **Description** | &nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| &nbsp;&nbsp;&nbsp; **Exercise** <br>**Price**<br>| **Shares** | &nbsp;&nbsp; **Notional** <br>**Amount**<br>| &nbsp;&nbsp; **Premiums** <br>**(Received)**<br>| **Value (†)** |
| **Options on Futures — (0.1%)** | **Options on Futures — (0.1%)** | **Options on Futures — (0.1%)** | **Options on Futures — (0.1%)** | **Options on Futures — (0.1%)** | **Options on Futures — (0.1%)** | **Options on Futures — (0.1%)** |
| CBOT 10 Year U.S. Treasury Notes, Call | 11/21/2025 | 114 | &nbsp;&nbsp;&nbsp; (2700000)<br>| &nbsp;&nbsp;&nbsp; $(303750000)<br>| &nbsp;&nbsp;&nbsp; $(1006857)<br>| &nbsp;&nbsp;&nbsp; $(1012500)<br>|
| CBOT 5 Year U.S. Treasury Notes, Call | 10/24/2025 | 110 | &nbsp;&nbsp;&nbsp; (1050000)<br>| &nbsp;&nbsp;&nbsp; (114655079)<br>| &nbsp;&nbsp;&nbsp; (118336)<br>| &nbsp;&nbsp;&nbsp; (114849)<br>|
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp; $(1125193)<br>| &nbsp;&nbsp;&nbsp; $(1127349)<br>|

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Description** | &nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| &nbsp;&nbsp;&nbsp; **Exercise** <br>**Price**<br>| **Shares** | &nbsp;&nbsp; **Notional** <br>**Amount**<br>| &nbsp;&nbsp; **Premiums** <br>**(Received)**<br>| **Value (†)** |
| **Options on Securities — (0.0%)** | **Options on Securities — (0.0%)** | **Options on Securities — (0.0%)** | **Options on Securities — (0.0%)** | **Options on Securities — (0.0%)** | **Options on Securities — (0.0%)** | **Options on Securities — (0.0%)** |
| Bristol-Myers Squibb Co., Call | 10/17/2025 | 55 | &nbsp;&nbsp;&nbsp; (800)<br>| &nbsp;&nbsp;&nbsp; $(36080)<br>| &nbsp;&nbsp;&nbsp; $(230)<br>| &nbsp;&nbsp;&nbsp; $(4)<br>|
| Elevance Health, Inc., Call | 10/17/2025 | 350 | &nbsp;&nbsp;&nbsp; (200)<br>| &nbsp;&nbsp;&nbsp; (64624)<br>| &nbsp;&nbsp;&nbsp; (1233)<br>| &nbsp;&nbsp;&nbsp; (555)<br>|
| Exxon Mobil Corp., Call | 10/17/2025 | 115 | &nbsp;&nbsp;&nbsp; (500)<br>| &nbsp;&nbsp;&nbsp; (56375)<br>| &nbsp;&nbsp;&nbsp; (830)<br>| &nbsp;&nbsp;&nbsp; (605)<br>|
| Gilead Sciences, Inc., Call | 10/17/2025 | 130 | &nbsp;&nbsp;&nbsp; (300)<br>| &nbsp;&nbsp;&nbsp; (33300)<br>| &nbsp;&nbsp;&nbsp; (325)<br>| &nbsp;&nbsp;&nbsp; (85)<br>|
| Merck & Co., Inc., Call | 10/17/2025 | 95 | &nbsp;&nbsp;&nbsp; (1000)<br>| &nbsp;&nbsp;&nbsp; (83930)<br>| &nbsp;&nbsp;&nbsp; (699)<br>| &nbsp;&nbsp;&nbsp; (85)<br>|
| Procter & Gamble Co., Call | 10/17/2025 | 170 | &nbsp;&nbsp;&nbsp; (400)<br>| &nbsp;&nbsp;&nbsp; (61460)<br>| &nbsp;&nbsp;&nbsp; (567)<br>| &nbsp;&nbsp;&nbsp; (34)<br>|
| Salesforce, Inc., Call | 10/17/2025 | 290 | &nbsp;&nbsp;&nbsp; (200)<br>| &nbsp;&nbsp;&nbsp; (47400)<br>| &nbsp;&nbsp;&nbsp; (693)<br>| &nbsp;&nbsp;&nbsp; (56)<br>|
| United Parcel Service, Inc., Call | 10/17/2025 | 95 | &nbsp;&nbsp;&nbsp; (900)<br>| &nbsp;&nbsp;&nbsp; (75177)<br>| &nbsp;&nbsp;&nbsp; (1142)<br>| &nbsp;&nbsp;&nbsp; (86)<br>|
| UnitedHealth Group, Inc., Call | 10/17/2025 | 360 | &nbsp;&nbsp;&nbsp; (200)<br>| &nbsp;&nbsp;&nbsp; (69060)<br>| &nbsp;&nbsp;&nbsp; (757)<br>| &nbsp;&nbsp;&nbsp; (1110)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp; $(6476)<br>| &nbsp;&nbsp;&nbsp; $(2620)<br>|
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp; $(1131669)<br>| &nbsp;&nbsp;&nbsp; $(1129969)<br>|

---

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

------

---

| | |
|:---|:---|
| (†) | &nbsp;&nbsp;&nbsp; Registered investment companies are required to value portfolio investments using an unadjusted, readily available market quotation. The Fund obtains <br> readily available market quotations from independent pricing services. Fund investments for which readily available market quotations are not available <br> are priced at fair value pursuant to the Fund's Valuation Procedures. The Board of Trustees has approved a valuation designee who is subject to the <br> Board's oversight. <br>Unadjusted readily available market quotations that are utilized for exchange traded equity securities (including shares of closed-end investment <br> companies and exchange-traded funds) include the last sale price quoted on the exchange where the security is traded most extensively. Futures <br> contracts are valued at the closing settlement price on the exchange on which the valuation designee believes that, over time, they are traded most <br> extensively. Domestic, exchange-traded index and single name equity option contracts (including options on exchange-traded funds) are valued at the <br> mean of the National Best Bid and Offer quotations as determined by the Options Price Reporting Authority. Options on futures contracts are valued <br> using the current settlement price on the exchange on which, over time, they are traded most extensively. Option contracts on foreign indices are <br> priced at the most recent settlement price. Other exchange-traded options are valued at the average of the closing bid and ask quotations on the <br> exchange on which, over time, they are traded most extensively. Shares of open-end investment companies are valued at net asset value ("NAV") per <br> share. <br>Exchange traded equity securities for which there is no reported sale during the day are fair valued at the closing bid quotation as reported by an <br> independent pricing service. Unlisted equity securities (except unlisted preferred equity securities) are fair valued at the last sale price quoted in the <br> market where they are traded most extensively or, if there is no reported sale during the day, the closing bid quotation as reported by an independent <br> pricing service. If there is no last sale price or closing bid quotation available, unlisted equity securities will be fair valued using evaluated bids <br> furnished by an independent pricing service, if available. <br>Debt securities and unlisted preferred equity securities are fair valued based on evaluated bids furnished to the Fund by an independent pricing service <br> or bid prices obtained from broker-dealers. Equity-linked notes are fair valued at bid prices supplied by an independent pricing service. Senior loans <br> and collateralized loan obligations ("CLOs") are fair valued at bid prices supplied by an independent pricing service, if available. Broker-dealer bid prices <br> may be used to fair value debt, unlisted equities, senior loans and CLOs where an independent pricing service is unable to price an investment or where <br> an independent pricing service does not provide a reliable price for the investment. Forward foreign currency contracts are fair valued utilizing <br> interpolated rates determined based on information provided by an independent pricing service. Bilateral credit default swaps are fair valued based on <br> mid prices (between the bid price and the ask price) supplied by an independent pricing service. Bilateral interest rate swaps are fair valued based on <br> prices supplied by an independent pricing source. Centrally cleared swap agreements are fair valued at settlement prices of the clearing house on <br> which the contracts were traded or prices obtained from broker-dealers. Over-the-counter ("OTC") currency options and swaptions are valued at mid <br> prices (between the bid and the ask price) supplied by an independent pricing service, if available. Other OTC option contracts (including currency <br> options and swaptions not priced through an independent pricing service) are valued based on quotations obtained from broker-dealers. <br>The Fund may also fair value investments in other circumstances such as when extraordinary events occur after the close of a foreign market, but prior <br> to the close of the New York Stock Exchange. This may include situations relating to a single issuer (such as a declaration of bankruptcy or a delisting <br> of the issuer's security from the primary market on which it has traded) as well as events affecting the securities markets in general (such as market <br> disruptions or closings and significant fluctuations in U.S. and/or foreign markets). When fair valuing a Fund's investments, the valuation designee may, <br> among other things, use modeling tools or other processes that may take into account factors such as issuer specific information, or other related <br> market activity and/or information that occurred after the close of the foreign market but before the time the Fund's NAV is calculated. Fair valuation by <br> the Fund's valuation designee may require subjective determinations about the value of the investment, and fair values used to determine a Fund's NAV <br> may differ from quoted or published prices, or from prices that are used by others, for the same investments. In addition, the use of fair value pricing <br> may not always result in adjustments to the prices of investments held by a Fund. <br>The books and records of the Fund are maintained in U.S. dollars. The values of securities, currencies and other assets and liabilities denominated in <br> currencies other than U.S. dollars, if any, are translated into U.S. dollars based upon foreign exchange rates prevailing at the end of the period. <br>|

---

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

---

| | |
|:---|:---|
| (‡) | Principal Amount stated in U.S. dollars unless otherwise noted. |
| (a) | &nbsp;&nbsp;&nbsp; All or a portion of these securities are exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in <br> transactions exempt from registration, normally to qualified institutional buyers. At September 30, 2025, the value of Rule 144A holdings amounted to <br> $410,054,400 or 44.1% of net assets.<br>|
| (b) | &nbsp;&nbsp;&nbsp; Variable rate security. Rate as of September 30, 2025 is disclosed. Issuers comprised of various lots with differing coupon rates have been aggregated <br> for the purpose of presentation in the Portfolio of Investments and show a weighted average rate. Certain variable rate securities are not based on a <br> published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. These securities may <br> not indicate a reference rate and/or spread in their description.<br>|
| (c) | Level 3 security. Value has been determined using significant unobservable inputs. |
| (d) | Perpetual bond with no specified maturity date. |
| (e) | Payment–in–kind security for which the issuer, at each interest payment date, may make interest payments in cash and/or additional principal. |
| (f) | The issuer is in default with respect to interest and/or principal payments. Income is not being accrued. |
| (g) | Non-income producing security. |
| (h) | Amount shown represents units. One unit represents a principal amount of 1,000. |
| (i) | Amount shown represents units. One unit represents a principal amount of 100. |
| (j) | Security (or a portion thereof) has been pledged as collateral for open derivative contracts. |
| (k) | New issue unsettled as of September 30, 2025. Coupon rate does not take effect until settlement date. |
| (l) | &nbsp;&nbsp;&nbsp; Position is unsettled. Contract rate was not determined at September 30, 2025 and does not take effect until settlement date. Maturity date is not <br> finalized until settlement date.<br>|

---

------

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Stated interest rate has been determined in accordance with the provisions of the
 loan agreement and is subject to a minimum benchmark floor rate which may range from 0.00% to 0.50%, to which the spread is added.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) Securities subject to restriction on resale. At September 30, 2025, the restricted
 securities held by the Fund are as follows:

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Acquisition** <br>**Date**<br>| &nbsp;&nbsp; **Acquisition** <br>**Cost**<br>| **Value** | &nbsp;&nbsp; **% of** <br>**Net Assets**<br>|
| ECAF I Blocker, Ltd. | 6/18/2015 | $9000000 | $— | 0.0% |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) The Fund may enter into repurchase agreements, under the terms of a Master Repurchase
 Agreement, under which the Fund acquires securities as collateral and agrees to resell the securities at an agreed upon time and at an agreed
 upon price. It is the Fund's policy that the market value of the collateral for repurchase agreements be at least equal to 102% of the repurchase price,
 including interest. Certain repurchase agreements are tri-party arrangements whereby the collateral is held in a segregated account for the benefit
 of the Fund and on behalf of the counterparty. Repurchase agreements could involve certain risks in the event of default or insolvency of the
 counterparty, including possible delays or restrictions upon the Fund's ability to dispose of the underlying securities. As of September 30, 2025,
 the Fund had an investment in a repurchase agreement for which the value of the related collateral exceeded the value of the repurchase agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) The Fund's investment in U.S. Government/Agency securities is comprised of various
 lots with differing discount rates. These separate investments, which have the same maturity date, have been aggregated for the purpose of presentation
 in the Portfolio of Investments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) Interest rate represents discount rate at time of purchase; not a coupon rate.

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

---

| | |
|:---|:---|
| ABS | Asset-Backed Securities |
| ADR | &nbsp;&nbsp;&nbsp; An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. <br> The values of ADRs may be significantly influenced by trading on exchanges not located in the United States.<br>|
| JIBAR | Johannesburg Interbank Agreed Rate |
| MTN | Medium Term Note |
| PIK | Payment-in-Kind |
| REITs | Real Estate Investment Trusts |
| SAFEX | South African Futures Exchange |
| SLM | Sallie Mae |
| SOFR | Secured Overnight Financing Rate |

---

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

---

| | |
|:---|:---|
| AUD | Australian Dollar |
| BRL | Brazilian Real |
| EUR | Euro |
| MXN | Mexican Peso |
| TRY | Turkish Lira |
| UYU | Uruguayan Peso |
| ZAR | South African Rand |

---

**Swap Agreements**

The Fund may enter into credit default and interest rate swaps. A credit default swap is an agreement between two parties (the "protection buyer" and "protection seller") to exchange the credit risk of an issuer ("reference obligation") for a specified time period. The reference obligation may be one or more debt securities or an index of such securities. The Fund may be either the protection buyer or the protection seller. As a protection buyer, the Fund has the ability to hedge the downside risk of an issuer or group of issuers. As a protection seller, the Fund has the ability to gain exposure to an issuer or group of issuers whose bonds are unavailable or in short supply in the cash bond market, as well as realize additional income in the form of fees paid by the protection buyer. The protection buyer is obligated to pay the protection seller a stream of payments ("fees") over the term of the contract, provided that no credit event, such as a default or a downgrade in credit rating, occurs on the reference obligation. The Fund may also pay or receive upfront premiums. If a credit event occurs, the protection seller must pay the protection buyer the difference between the agreed upon notional value and market value of the reference obligation. Market value in this case is determined by a facilitated auction whereby a minimum number of allowable broker bids, together with a specified valuation method, are used to calculate the value. The maximum potential amount of undiscounted future payments that a Fund as the protection seller could be required to make under a credit default swap agreement would be an amount equal to the notional amount of the agreement.

Implied credit spreads, represented in absolute terms, are disclosed in the Portfolio of Investments for those agreements for which the Fund is the protection seller. Implied credit spreads serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular reference entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the reference entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

An interest rate swap is an agreement with another party to receive or pay interest (e.g., an exchange of fixed rate payments for floating rate payments) to protect themselves from interest rate fluctuations. This type of swap is an agreement that obligates two parties to exchange a series of cash flows at specified intervals based upon or calculated by reference to a specified interest rate(s) for a specified notional amount. The payment flows are usually netted against each other, with the difference being paid by one party to the other.

Swap agreements are valued daily and fluctuations in the value are recorded as change in unrealized appreciation (depreciation) on swap agreements. Fees are accrued in accordance with the terms of the agreement and are recorded as part of unrealized appreciation (depreciation) on swap agreements. When received or paid,

------

fees are recorded as realized gain or loss. Upfront premiums paid or received by the Fund are recorded as an asset or liability, respectively, and are amortized or accreted over the term of the agreement and recorded as realized gain or loss. Payments made or received by the Fund as a result of a credit event or termination of the agreement are recorded as realized gain or loss.

Swap agreements are privately negotiated in the over-the-counter ("OTC") market and may be entered into as a bilateral contract or centrally cleared ("centrally cleared swaps"). Bilateral swap agreements are traded between counterparties and, as such, are subject to the risk that a party to the agreement will not be able to meet its obligations. In a centrally cleared swap, immediately following execution of the swap agreement, the swap agreement is novated to a central counterparty (the "CCP") and the Fund faces the CCP through a broker. Upon entering into a centrally cleared swap, the Fund is required to deposit initial margin with the broker in the form of cash or securities in an amount that varies depending on the size and risk profile of the particular swap. Subsequent payments, known as "variation margin," are made or received by the Fund based on the daily change in the value of the centrally cleared swap agreement. For centrally cleared swaps, the Fund's counterparty credit risk is reduced as the CCP stands between the Fund and the counterparty.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| At September 30, 2025, the Fund had the following open centrally cleared interest rate swap agreements: | At September 30, 2025, the Fund had the following open centrally cleared interest rate swap agreements: | At September 30, 2025, the Fund had the following open centrally cleared interest rate swap agreements: | At September 30, 2025, the Fund had the following open centrally cleared interest rate swap agreements: | At September 30, 2025, the Fund had the following open centrally cleared interest rate swap agreements: | At September 30, 2025, the Fund had the following open centrally cleared interest rate swap agreements: | At September 30, 2025, the Fund had the following open centrally cleared interest rate swap agreements: |
| **Notional** <br>**Value**<br>| **Currency** | **Expiration Date** | **Fund Pays**<sup>1</sup> <br>| **Fund Receives**<sup>1</sup> <br>| **Market Value** | &nbsp;&nbsp; **Unrealized** <br>**Appreciation** <br>**(Depreciation)**<sup>2</sup> <br>|
| 210000000 | ZAR | 5/07/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 7.58<br> %<br>| 3 mo. SAFEX - JIBAR | &nbsp;&nbsp;&nbsp; $(310146)<br>| &nbsp;&nbsp;&nbsp; $(311085)<br>|

---

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

1 Payments are made quarterly. <br> 2 Differences between unrealized appreciation (depreciation) and market value, if any, are due to interest booked as part of the initial trades.

**Forward Foreign Currency Contracts**

The Fund may enter into forward foreign currency contracts, including forward foreign cross currency contracts, to acquire exposure to foreign currencies or to hedge the Fund's investments against currency fluctuation. A contract can also be used to offset a previous contract. These contracts involve market risk in excess of the unrealized appreciation (depreciation). The U.S. dollar value of the currencies the Fund has committed to buy or sell represents the aggregate exposure to each currency the Fund has acquired or hedged through currency contracts outstanding at period end. Gains or losses are recorded for financial statement purposes as unrealized until settlement date. Contracts are traded over-the-counter directly with a counterparty. Risks may arise upon entering into these contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of a foreign currency relative to the U.S. dollar. Certain contracts may require the movement of cash and/or securities as collateral for the Fund's or counterparty's net obligations under the contracts.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| At September 30, 2025, the Fund had the following open forward foreign currency contracts: | At September 30, 2025, the Fund had the following open forward foreign currency contracts: | At September 30, 2025, the Fund had the following open forward foreign currency contracts: | At September 30, 2025, the Fund had the following open forward foreign currency contracts: | At September 30, 2025, the Fund had the following open forward foreign currency contracts: | At September 30, 2025, the Fund had the following open forward foreign currency contracts: | At September 30, 2025, the Fund had the following open forward foreign currency contracts: | At September 30, 2025, the Fund had the following open forward foreign currency contracts: |
| **Counterparty** | &nbsp;&nbsp; **Delivery** <br>**Date**<br>| &nbsp;&nbsp; **Currency** <br>**Bought/** <br>**Sold (B/S)** | &nbsp;&nbsp; **Currency** <br>**Bought/** <br>**Sold (B/S)** | **Units** <br>**of** <br>**Currency**<br>| **In Exchange** <br>**for**<br>| **Notional** <br>**Value**<br>| **Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| Bank of America N.A. | 12/05/2025 | EUR | &nbsp;&nbsp; S | &nbsp;&nbsp; 2255000 | &nbsp;&nbsp; $2648204 | &nbsp;&nbsp; $2657310 | &nbsp;&nbsp; $(9106)<br>|
| BNP Paribas SA | 11/19/2025 | ZAR | &nbsp;&nbsp; S | &nbsp;&nbsp; 206108000 | &nbsp;&nbsp; 11646592 | &nbsp;&nbsp; 11894388 | &nbsp;&nbsp; (247796)<br>|
| Total |  |  |  |  |  |  | &nbsp;&nbsp; $(256902)<br>|

---

**Futures Contracts**

The Fund may enter into futures contracts. Futures contracts are agreements between two parties to buy and sell a particular instrument or index for a specified price on a specified future date.

When the Fund enters into a futures contract, it is required to deposit with (or for the benefit of) its broker an amount of cash or short-term high-quality securities as "initial margin." As the value of the contract changes, the value of the futures contract position increases or declines. Subsequent payments, known as "variation margin," are made or received by the Fund, depending on the price fluctuations in the fair value of the contract and the value of cash or securities on deposit with the broker. Realized gain or loss on a futures position is equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed, minus brokerage commissions. When the Fund enters into a futures contract certain risks may arise, such as illiquidity in the futures market, which may limit the Fund's ability to close out a futures contract prior to settlement date, and unanticipated movements in the value of securities or interest rates.

Futures contracts are exchange-traded. Exchange-traded futures contracts are standardized and are settled through a clearing house with fulfillment supported by the credit of the exchange. Therefore, counterparty credit risks to the Fund are reduced; however, in the event that a counterparty enters into bankruptcy, the Fund's claim against initial/variation margin on deposit with the counterparty may be subject to terms of a final settlement in bankruptcy court.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| At September 30, 2025, the Fund had the following open long futures contracts: | At September 30, 2025, the Fund had the following open long futures contracts: | At September 30, 2025, the Fund had the following open long futures contracts: | At September 30, 2025, the Fund had the following open long futures contracts: | At September 30, 2025, the Fund had the following open long futures contracts: | At September 30, 2025, the Fund had the following open long futures contracts: |
| **Financial Futures** | &nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Contracts** | &nbsp;&nbsp; **Notional** <br>**Amount**<br>| **Value** | &nbsp;&nbsp; **Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| CBOT 5 Year U.S. Treasury Notes Futures | 12/31/2025 | 2932 | &nbsp;&nbsp;&nbsp; $319767547 | &nbsp;&nbsp;&nbsp; $320160658 | &nbsp;&nbsp;&nbsp; $393111 |

---

------

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| At September 30, 2025, the Fund had the following open short futures contracts: | At September 30, 2025, the Fund had the following open short futures contracts: | At September 30, 2025, the Fund had the following open short futures contracts: | At September 30, 2025, the Fund had the following open short futures contracts: | At September 30, 2025, the Fund had the following open short futures contracts: | At September 30, 2025, the Fund had the following open short futures contracts: |
| **Financial Futures** | &nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Contracts** | &nbsp;&nbsp; **Notional** <br>**Amount**<br>| **Value** | &nbsp;&nbsp; **Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| CBOT 2 Year U.S. Treasury Notes Futures | 12/31/2025 | 1391 | &nbsp;&nbsp;&nbsp; $289725884 | &nbsp;&nbsp;&nbsp; $289882227 | &nbsp;&nbsp;&nbsp; $(156343)<br>|
| CBOT U.S. Long Bond Futures | 12/19/2025 | 106 | &nbsp;&nbsp;&nbsp; 12100349 | &nbsp;&nbsp;&nbsp; 12358937 | &nbsp;&nbsp;&nbsp; (258588)<br>|
| CBOT Ultra Long-Term U.S. Treasury Bond Futures | 12/19/2025 | 75 | &nbsp;&nbsp;&nbsp; 8774318 | &nbsp;&nbsp;&nbsp; 9004688 | &nbsp;&nbsp;&nbsp; (230370)<br>|
| Ultra 10 Year U.S. Treasury Notes Futures | 12/19/2025 | 670 | &nbsp;&nbsp;&nbsp; 76266017 | &nbsp;&nbsp;&nbsp; 77102344 | &nbsp;&nbsp;&nbsp; (836327)<br>|
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp; $(1481628)<br>|

---

**Fair Value Measurements**

In accordance with accounting standards related to fair value measurements and disclosures, the Fund has categorized the inputs utilized in determining the value of each Fund's assets or liabilities. These inputs are summarized in the three broad levels listed below:

&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 — quoted prices in active markets for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 — prices determined using other significant inputs that are observable either directly, or indirectly through corroboration with observable market data (which could include quoted prices for similar assets or liabilities, interest rates, credit risk, etc.); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 — prices determined using significant unobservable inputs when quoted prices or observable inputs are unavailable such as when there is little or no market activity for an asset or liability (unobservable inputs reflect each Fund's own assumptions in determining the fair value of assets or liabilities and would be based on the best information available).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The Fund's pricing policies have been approved by the Board of Trustees. Investments for which market quotations are readily available are categorized in Level 1. Other investments for which an independent pricing service is utilized are categorized in Level 2. Broker-dealer bid prices for which the Fund has knowledge of the inputs used by the broker-dealer are categorized in Level 2. All other investments, including broker-dealer bid prices for which the Fund does not have knowledge of the inputs used by the broker-dealer, as well as investments fair valued by the valuation designee, are categorized in Level 3. All Level 2 and 3 securities are defined as being fair valued.

Under certain conditions and based upon specific facts and circumstances, the Fund's valuation designee may determine that a fair valuation should be made for portfolio investment(s). These valuation designee fair valuations will be based upon a significant amount of Level 3 inputs.

The following is a summary of the inputs used to value the Fund's investments as of September 30, 2025, at value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** |
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Bonds and Notes |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Non-Convertible Bonds |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ABS Home Equity | $— | $25109103 | $2087822 | $27196925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-Agency Commercial Mortgage-Backed Securities |  | 38574902 | 81512 | 38656414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All Other Non-Convertible Bonds(a) |  | 591899529 |  | 591899529 |
| &nbsp;&nbsp;&nbsp; Total Non-Convertible Bonds |  | 655583534 | 2169334 | 657752868 |
| &nbsp;&nbsp;&nbsp; Convertible Bonds(a) |  | 1820159 |  | 1820159 |
| Total Bonds and Notes |  | 657403693 | 2169334 | 659573027 |
| Collateralized Loan Obligations |  | 75783280 |  | 75783280 |
| Senior Loans(a) |  | 34802948 |  | 34802948 |
| Equity-Linked Notes |  | 27501318 |  | 27501318 |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Real Estate Management & Development | 14101 | 41683 |  | 55784 |
| &nbsp;&nbsp;&nbsp; All Other Common Stocks(a) | 7583033 |  |  | 7583033 |
| Total Common Stocks | 7597134 | 41683 |  | 7638817 |
| Preferred Stocks(a) | 805412 |  |  | 805412 |
| Other Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aircraft ABS |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Professional Services |  |  | 25005 | 25005 |
| Total Other Investments |  |  | 25005 | 25005 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** |
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Short-Term Investments | $— | $123116931 | $— | $123116931 |
| Purchased Options(a) | 928139 |  |  | 928139 |
| Total Investments | 9330685 | 918649853 | 2194339 | 930174877 |
| Futures Contracts (unrealized appreciation) | 393111 |  |  | 393111 |
| Total | $9723796 | $918649853 | $2194339 | $930567988 |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Liability Valuation Inputs** | **Liability Valuation Inputs** | **Liability Valuation Inputs** | **Liability Valuation Inputs** | **Liability Valuation Inputs** |
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Written Options(a) | $(1129969)<br>| $— | $— | $(1129969)<br>|
| Centrally Cleared Interest Rate Swap Agreements (unrealized depreciation) |  | (311085)<br>|  | (311085)<br>|
| Forward Foreign Currency Contracts (unrealized depreciation) |  | (256902)<br>|  | (256902)<br>|
| Futures Contracts (unrealized depreciation) | (1481628)<br>|  |  | (1481628)<br>|
| Total | $(2611597)<br>| $(567987)<br>| $— | $(3179584)<br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Details of the major categories of the Fund's investments are reflected within the Portfolio of Investments.

The following is a reconciliation of Level 3 investments for which significant unobservable inputs were used to determine fair value as of December 31, 2024 and/or September 30, 2025:

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** |
| Investments in Securities | Balance as of <br>December 31, <br>2024<br>| Accrued <br>Discounts <br>(Premiums)<br>| Realized <br>Gain (Loss)<br>| Change in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Purchases | Sales | Transfers <br>into <br>Level 3<br>| Transfers <br>out of <br>Level 3<br>| Balance as of <br>September 30, <br>2025<br>| Change in <br>Unrealized <br>Appreciation <br>(Depreciation) <br>from <br>Investments <br>Still Held at <br>September 30, <br>2025<br>|
| Bonds and Notes |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Non-Convertible Bonds |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ABS Home Equity | $1983855 | $— | $352 | $42836 | $— | $(244674)<br>| $305453 | $— | $2087822 | $34241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-Agency Commercial <br> Mortgage-Backed <br> Securities<br>| 819674 |  |  | (738162)<br>|  |  |  |  | 81512 | (738162)<br>|
| Other Investments |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aircraft ABS |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Professional Services |  |  |  | 444 | 24561 |  |  |  | 25005 | 444 |
| Total | $2803529 | $— | $352 | $(694882)<br>| $24561 | $(244674)<br>| $305453 | $— | $2194339 | $(703477)<br>|

---

A debt security valued at $305,453 was transferred from Level 2 to Level 3 during the period ended September 30, 2025. At September 30, 2024, this security was fair valued based on evaluated bids furnished to the Fund by an independent pricing service in accordance with the Fund's valuation policies. At September 30, 2025, this security was fair valued as determined by the Fund's valuation designee as an independent pricing service did not provide a reliable price for the security.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Natixis Funds Trust II

- **b. Investment Company Act file number:** 811-00242

- **c. CIK number of Registrant:** 0000052136

- **d. LEI of Registrant:** R4B5ZXLI2IMIOWT67V76

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

  - **Street Address 1:** 888 BOYLSTON STREET

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02199-8197

  - **Telephone number:** 617-449-2139

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

- **a. Name of Series:** Loomis Sayles Strategic Alpha Fund

- **b. EDGAR series identifier (if any):** S000030600

- **c. LEI of Series:** XW1RTFP3MQA6N2KPMD54

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

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

- **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:** $955312607.94

**Total Liabilities:** $25069941.46

**Net Assets:** $930242666.48

**Cash Not Reported:** $20446409.92

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -692.85000000 | **1-Year:** -23043.15000000 | **5-Year:** -91206.84000000 | **10-Year:** -65178.25000000 | **30-Year:** -11151.69000000

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

- **3-Month:** -518.38000000 | **1-Year:** -11030.74000000 | **5-Year:** -26034.32000000 | **10-Year:** -15883.44000000 | **30-Year:** -3764.72000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000094853 | 0.51%                | 1.33%                | 0.60%                |
| Class ID C000094854 | 0.41%                | 1.23%                | 0.61%                |
| Class ID C000094855 | 0.41%                | 1.33%                | 0.65%                |
| Class ID C000190722 | 0.51%                | 1.33%                | 0.67%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1550724.46              | $-2036109.63                               |
| Month 2  | $1627219.13              | $4979718.02                                |
| Month 3  | $-9987593.56             | $13285871.75                               |

**Designated Index Information**

- **Index Name:** Fund's Securities Portfolio

- **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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Flagship Credit Auto Trust                       | Flagship Credit Auto Trust 2022-4                                                                                              | CUSIP: 33843XAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160000 | PA      | $161672.58    | 0.02%             | 2028-10-16      | Fixed         | 7.71%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                       | DaVita Inc 2025 Term Loan B                                                                                                    | CUSIP: 23918VBC7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | LON              | CORP              | US        |   3216720 | PA      | $3221062.27   | 0.35%             | 2031-05-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Trafigura Securitisation Finance Plc             | Trafigura Securitisation Finance PLC                                                                                           | CUSIP: 892725AW2<br>LEI: 549300CH6S10UEZXWN56 | Long             | ABS-O            | CORP              | IE        |    950000 | PA      | $950143.45    | 0.10%             | 2027-11-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                        | Ball Corp                                                                                                                      | CUSIP: 058498BA3<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |   3315000 | PA      | $3350632.67   | 0.36%             | 2033-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                    | Boeing Co/The                                                                                                                  | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2715000 | PA      | $3097008.92   | 0.33%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                 | CIFC Funding 2013-II Ltd                                                                                                       | CUSIP: 12549BAU2<br>LEI: 2549009RG3XZEWMXDF59 | Long             | ABS-CBDO         | CORP              | KY        |    730000 | PA      | $730673.06    | 0.08%             | 2030-10-18      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable LLC                            | Time Warner Cable LLC                                                                                                          | CUSIP: 88732JAJ7<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |    205000 | PA      | $213253.65    | 0.02%             | 2037-05-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                             | Republic of Uzbekistan International Bond                                                                                      | CUSIP: 91824PAA5<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |   2160000 | PA      | $2322086.40   | 0.25%             | 2032-02-28      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK NA                          | JPMorgan Chase Bank NA                                                                                                         | CUSIP: 4662AA612<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | SN               | CORP              | US        |     28982 | PA      | $1123847.19   | 0.12%             | 2026-04-23      | Fixed         | 16.22%                | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trust                  | Republic Finance Issuance Trust 2024-B                                                                                         | CUSIP: 76042GAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    120000 | PA      | $122166.72    | 0.01%             | 2037-11-20      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                       | Progress Residential 2021-SFR3                                                                                                 | CUSIP: 74333VAJ3<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    570000 | PA      | $564511.47    | 0.06%             | 2026-05-17      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                           | ELEVANCE HEALTH INC                                                                                                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -2 | NC      | $-555.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| HCA INC                                          | HCA Inc                                                                                                                        | CUSIP: 404119CU1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   3660000 | PA      | $3799389.93   | 0.41%             | 2034-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CFLD CAYMAN INVESTMENT                           | CFLD Cayman Investment Ltd                                                                                                     | CUSIP: 000000000<br>LEI: 3003006ZC30FH27GHL08 | Long             | DBT              | CORP              | KY        |    272752 | PA      | $6742.43      | 0.00%             | 2031-01-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Focus Brands Funding LLC                         | FOCUS Brands Funding                                                                                                           | CUSIP: 34417RAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    245625 | PA      | $260983.10    | 0.03%             | 2053-10-30      | Fixed         | 8.24%                 | No            |                  2 | On Loan: No      |
| Volofin Finance Designated Activity Company      | Volofin Finance Designated Activity Co                                                                                         | CUSIP: 92873RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    227920 | PA      | $232355.40    | 0.02%             | 2037-06-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Salesforce Inc                                   | Salesforce Inc                                                                                                                 | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |       568 | NS      | $134616.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Navient Student Loan Trust                       | Navient Private Education Refi Loan Trust 2019-G                                                                               | CUSIP: 63941JAB4<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |    695000 | PA      | $625942.92    | 0.07%             | 2068-10-15      | Fixed         | 3.08%                 | No            |                  2 | On Loan: No      |
| Flutter Financing BV                             | Flutter Financing BV 2024 Term Loan B                                                                                          | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |   1443977 | PA      | $1437840.38   | 0.15%             | 2030-11-30      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| United Parcel Service Inc                        | United Parcel Service Inc                                                                                                      | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |       989 | NS      | $82611.17     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust    | JP Morgan Chase Commercial Mortgage Securities Trust 2011-C3                                                                   | CUSIP: 46635TAX0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1945000 | PA      | $1835969.33   | 0.20%             | 2046-02-15      | Variable      | 5.36%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                         | Foundation Finance Trust 2025-1                                                                                                | CUSIP: 35040WAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    540000 | PA      | $541708.56    | 0.06%             | 2050-04-15      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                       | Progress Residential 2021-SFR7 Trust                                                                                           | CUSIP: 74333PAL1<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    415000 | PA      | $386862.83    | 0.04%             | 2040-08-17      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US 10YR FUT OPTN OCT25P 100                                                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      1275 | NC      | $1275.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Tricon American Homes                            | Tricon American Homes 2020-SFR1                                                                                                | CUSIP: 89613GAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1040000 | PA      | $1026054.22   | 0.11%             | 2038-07-17      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |    985772 | PA      | $18483.23     | 0.00%             | 2030-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                         | Discovery Communications LLC                                                                                                   | CUSIP: 25470DCC1<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |     70000 | PA      | $64666.39     | 0.01%             | 2030-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MSCI INC                                         | MSCI Inc                                                                                                                       | CUSIP: 55354GAR1<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |   1135000 | PA      | $1144396.62   | 0.12%             | 2035-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SCF Equipment Trust Llc                          | SCF Equipment Leasing 2024-1 LLC                                                                                               | CUSIP: 783896AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105000 | PA      | $108284.72    | 0.01%             | 2032-09-20      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| China Evergrande Group                           | China Evergrande Group                                                                                                         | CUSIP: 000000000<br>LEI: 549300CUF7B1LAB15T90 | Long             | DBT              | CORP              | KY        |    220000 | PA      | $3025.00      | 0.00%             | 2024-03-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                              | Turkiye Government International Bond                                                                                          | CUSIP: 900123DR8<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1570000 | PA      | $1579608.40   | 0.17%             | 2035-09-16      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/Ford Credit         | Ford Credit Auto Owner Trust 2023-REV2                                                                                         | CUSIP: 34535CAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    460000 | PA      | $478364.72    | 0.05%             | 2036-02-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust            | Westlake Automobile Receivables Trust 2022-2                                                                                   | CUSIP: 96042VAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1920000 | PA      | $1927182.72   | 0.21%             | 2027-09-15      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                | PRPM 2024-5 LLC                                                                                                                | CUSIP: 69381KAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    129393 | PA      | $129418.44    | 0.01%             | 2029-09-25      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| China Evergrande Group                           | China Evergrande Group                                                                                                         | CUSIP: 000000000<br>LEI: 549300CUF7B1LAB15T90 | Long             | DBT              | CORP              | KY        |   1020000 | PA      | $14025.00     | 0.00%             | 2025-06-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                                   | Carval Clo X-C Ltd                                                                                                             | CUSIP: 146918AC1<br>LEI: 254900DAR7W0XP2CHD65 | Long             | ABS-CBDO         | CORP              | KY        |   1925000 | PA      | $1928842.30   | 0.21%             | 2037-07-20      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds             | Chile Government International Bonds                                                                                           | CUSIP: 168863DQ8<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   1610000 | PA      | $994738.50    | 0.11%             | 2061-01-22      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                          | BNP Paribas Issuance BV                                                                                                        | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | SN               | CORP              | NL        |      3521 | PA      | $862454.13    | 0.09%             | 2026-02-20      | Fixed         | 12.92%                | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |   1182927 | PA      | $16265.25     | 0.00%             | 2030-12-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AASET 2021-1 Trust                               | Aaset 2021-1 Trust                                                                                                             | CUSIP: 00038PAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    925432 | PA      | $887244.96    | 0.10%             | 2041-11-16      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US 5YR FUTR OPTN OCT25C 110                                                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -975 | NC      | $-7617.68     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| UBS GROUP AG                                     | UBS Group AG                                                                                                                   | CUSIP: 225401AZ1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1500000 | PA      | $1654275.00   | 0.18%             | 2033-08-12      | Fixed         | 6.54%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                   | Eli Lilly & Co                                                                                                                 | CUSIP: 532457CU0<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   6475000 | PA      | $6571518.10   | 0.71%             | 2028-02-12      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust               | Alternative Loan Trust 2003-22CB                                                                                               | CUSIP: 12669FEE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    162677 | PA      | $165472.28    | 0.02%             | 2033-12-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC         | Avis Budget Rental Car Funding AESOP LLC                                                                                       | CUSIP: 05377RJM7<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    205000 | PA      | $210467.25    | 0.02%             | 2030-12-20      | Fixed         | 6.11%                 | No            |                  2 | On Loan: No      |
| tvc mortgage trust                               | TVC Mortgage Trust 2024-RRTL1                                                                                                  | CUSIP: 87306WAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    525000 | PA      | $527482.20    | 0.06%             | 2039-07-25      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                            | Uber Technologies Inc                                                                                                          | CUSIP: 90353TAU4<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    625000 | PA      | $619330.13    | 0.07%             | 2035-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp                               | Union Pacific Corp                                                                                                             | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |       382 | NS      | $90293.34     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                | Johnson & Johnson                                                                                                              | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |       204 | NS      | $37825.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Countrywide Home Loans                           | CHL Mortgage Pass-Through Trust 2004-HYB4                                                                                      | CUSIP: 12669FV75<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     18882 | PA      | $17379.74     | 0.00%             | 2034-09-20      | Variable      | 5.22%                 | No            |                  3 | On Loan: No      |
| Wellfleet CLO Ltd                                | Wellfleet CLO 2024-1 Ltd                                                                                                       | CUSIP: 94951AAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1055000 | PA      | $1058629.20   | 0.11%             | 2037-07-18      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRUST                 | WFRBS Commercial Mortgage Trust 2014-C20                                                                                       | CUSIP: 92890FAY2<br>LEI: 549300UVB571ELWL8972 | Long             | ABS-MBS          | CORP              | US        |   1005698 | PA      | $901366.67    | 0.10%             | 2047-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Regatta 35 Funding Ltd.                          | Regatta 35 Funding Ltd                                                                                                         | CUSIP: 75903YAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1150000 | PA      | $1153737.50   | 0.12%             | 2038-10-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                             | Targa Resources Corp                                                                                                           | CUSIP: 87612GAF8<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |   2830000 | PA      | $3081508.58   | 0.33%             | 2034-03-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                | PRPM 2024-7 LLC                                                                                                                | CUSIP: 74448LAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    321755 | PA      | $321859.00    | 0.03%             | 2029-11-25      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| TURKIYE GOVERNMENT BOND                          | Turkiye Government Bond                                                                                                        | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        | 124940000 | PA      | $2973495.70   | 0.32%             | 2026-08-12      | Fixed         | 36.00%                | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                                  | Chevron USA Inc                                                                                                                | CUSIP: 166756BA3<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |   3265000 | PA      | $3270811.80   | 0.35%             | 2027-02-26      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                           | CCO Holdings LLC / CCO Holdings Capital Corp                                                                                   | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3920000 | PA      | $3893676.02   | 0.42%             | 2027-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                | PRPM 2025-2 LLC                                                                                                                | CUSIP: 69382HAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1155000 | PA      | $1159893.74   | 0.12%             | 2030-05-25      | Variable      | 9.56%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                          | BNP Paribas Issuance BV                                                                                                        | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | SN               | CORP              | NL        |      2697 | PA      | $918778.10    | 0.10%             | 2026-04-01      | Fixed         | 12.01%                | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC         | Avis Budget Rental Car Funding AESOP LLC                                                                                       | CUSIP: 05377REC4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1498094.40   | 0.16%             | 2027-02-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AGILE GROUP HOLDINGS LTD                         | Agile Group Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 549300ZRISRT38EEYY07 | Long             | DBT              | CORP              | KY        |    430000 | PA      | $24664.80     | 0.00%             | 2025-01-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                           | UnitedHealth Group Inc                                                                                                         | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       238 | NS      | $82181.40     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIMAO GROUP HOLDINGS LT                         | Shimao Group Holdings Ltd                                                                                                      | CUSIP: 000000000<br>LEI: 254900WTJ6B5CU69ZD26 | Long             | DBT              | CORP              | KY        |   2361982 | PA      | $131656.88    | 0.01%             | 2026-07-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                                                                                       | CUSIP: 20754NAB1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    656180 | PA      | $671508.78    | 0.07%             | 2042-05-25      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                         | Charter Communications Operating LLC / Charter Communications Operating Capital                                                | CUSIP: 161175AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    405000 | PA      | $424289.93    | 0.05%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                            | Molina Healthcare Inc                                                                                                          | CUSIP: 60855RAL4<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $907427.00    | 0.10%             | 2032-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CLSEC Holdings 22T LLC                           | Clsec Holdings 22t LLC                                                                                                         | CUSIP: 12567UAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    828732 | PA      | $794951.62    | 0.09%             | 2037-05-11      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                              | Avantor Funding Inc                                                                                                            | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    430000 | PA      | $422972.73    | 0.05%             | 2028-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                            | Freedom Mortgage Holdings LLC                                                                                                  | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    190000 | PA      | $202074.88    | 0.02%             | 2031-05-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| OHA Loan Funding Ltd                             | OHA Loan Funding 2013-1 Ltd                                                                                                    | CUSIP: 67706HCA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    885000 | PA      | $889409.96    | 0.10%             | 2037-04-23      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Thrust Engine Leasing                            | Thrust Engine Leasing 2021 DAC                                                                                                 | CUSIP: 88603UAA7<br>LEI: 254900X0E0PUM0VQBP74 | Long             | ABS-O            | CORP              | US        |   1681675 | PA      | $1652556.38   | 0.18%             | 2040-07-15      | Fixed         | 4.16%                 | No            |                  2 | On Loan: No      |
| KYRGYZ REP INTL BOND                             | Kyrgyz Republic International Bond                                                                                             | CUSIP: 50158LAA6<br>LEI: N/A                  | Long             | DBT              | NUSS              | KG        |   1130000 | PA      | $1138621.90   | 0.12%             | 2030-06-03      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                            | Mexico Government International Bond                                                                                           | CUSIP: 91087BBK5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   3255000 | PA      | $3245235.00   | 0.35%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                        | Nelnet Student Loan Trust 2021-D                                                                                               | CUSIP: 64034YAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    810000 | PA      | $727437.02    | 0.08%             | 2062-04-20      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                     | AGL CLO 42 Ltd                                                                                                                 | CUSIP: 00791YAA6<br>LEI: 254900AMSJHVKQ5QFA09 | Long             | ABS-CBDO         | CORP              | KY        |    875000 | PA      | $878497.38    | 0.09%             | 2038-07-22      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| MLCC Mortgage Investors Inc                      | Merrill Lynch Mortgage Investors Trust Series MLCC 2006-2                                                                      | CUSIP: 590219AE1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | ABS-MBS          | CORP              | US        |      5501 | PA      | $5121.58      | 0.00%             | 2036-05-25      | Variable      | 5.97%                 | No            |                  3 | On Loan: No      |
| Amphenol Corp                                    | Amphenol Corp                                                                                                                  | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |       334 | NS      | $41332.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortiva Retail Credit Master Note Business Trust | Fortiva Retail Credit Master Note Business Trust                                                                               | CUSIP: 34962AAW2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1117292.00   | 0.12%             | 2029-11-15      | Fixed         | 9.70%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                     | Broadcom Inc                                                                                                                   | CUSIP: 11135FBP5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   4895000 | PA      | $4234985.81   | 0.46%             | 2035-11-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                         | First Quantum Minerals Ltd                                                                                                     | CUSIP: 335934AV7<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   1408000 | PA      | $1492233.60   | 0.16%             | 2029-03-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                       | AbbVie Inc                                                                                                                     | CUSIP: 00287YDY2<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   6510000 | PA      | $6617238.19   | 0.71%             | 2028-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                 | SMB Private Education Loan Trust 2017-B                                                                                        | CUSIP: 83189DAC4<br>LEI: 549300NWENTZ8X7JUC78 | Long             | ABS-O            | CORP              | US        |     65576 | PA      | $65541.69     | 0.01%             | 2035-10-15      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                              | Axon Enterprise Inc                                                                                                            | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    130000 | PA      | $133808.48    | 0.01%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SCF Equipment Trust Llc                          | SCF Equipment Leasing 2024-1 LLC                                                                                               | CUSIP: 783896AF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $104765.50    | 0.01%             | 2033-06-21      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                         | Mill City Mortgage Loan Trust 2021-NMR1                                                                                        | CUSIP: 59982HAH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    245000 | PA      | $216058.17    | 0.02%             | 2060-11-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |    591463 | PA      | $12568.59     | 0.00%             | 2028-12-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Kapitus Asset Securitization LLC                 | Kapitus Asset Securitization IV LLC                                                                                            | CUSIP: 48555MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $502256.70    | 0.05%             | 2031-09-10      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATL RESOURCES                          | Canadian Natural Resources Ltd                                                                                                 | CUSIP: 136385BC4<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |   1995000 | PA      | $2031808.33   | 0.22%             | 2034-12-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                             | Republic of Uzbekistan International Bond                                                                                      | CUSIP: 91822Q2J5<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |   1320000 | PA      | $1420346.40   | 0.15%             | 2032-05-25      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC                            | Amrize Finance US LLC                                                                                                          | CUSIP: 43475RAD8<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |    785000 | PA      | $808657.39    | 0.09%             | 2035-04-07      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD ASSET MANAGEM                         | Brookfield Asset Management Ltd                                                                                                | CUSIP: 113004AA3<br>LEI: 549300CZ84WPNJZKY093 | Long             | DBT              | CORP              | CA        |    465000 | PA      | $486855.40    | 0.05%             | 2035-04-24      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                     | MH Sub I LLC 2023 Term Loan                                                                                                    | CUSIP: 45567YAN5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |    317889 | PA      | $305306.52    | 0.03%             | 2028-05-03      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| Aimco                                            | AIMCO CLO 16 Ltd                                                                                                               | CUSIP: 00901FAN6<br>LEI: 254900Q0PCRO7XC6LM21 | Long             | ABS-CBDO         | CORP              | KY        |    700000 | PA      | $702817.50    | 0.08%             | 2037-07-17      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| Education Funding Trust                          | Education Funding Trust Trust                                                                                                  | CUSIP: 28141PAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    540147 | PA      | $517800.65    | 0.06%             | 2041-07-25      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust              | Exeter Automobile Receivables Trust 2023-5                                                                                     | CUSIP: 30168DAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    960000 | PA      | $998047.97    | 0.11%             | 2030-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                 | CIFC Funding 2017-V Ltd                                                                                                        | CUSIP: 12551MAN9<br>LEI: 635400BTAKRBKGRV3X14 | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1755412.75   | 0.19%             | 2037-07-17      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| Willis Engine Securitization Trust               | Willis Engine Structured Trust VII                                                                                             | CUSIP: 97064YAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    223018 | PA      | $230841.65    | 0.02%             | 2048-10-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SHIMAO GROUP HOLDINGS LT                         | Shimao Group Holdings Ltd                                                                                                      | CUSIP: 000000000<br>LEI: 254900WTJ6B5CU69ZD26 | Long             | DBT              | CORP              | KY        |     21600 | PA      | $904.82       | 0.00%             | 2031-07-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                             | Republic of Uzbekistan International Bond                                                                                      | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    815000 | PA      | $993819.00    | 0.11%             | 2029-02-25      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc                                       | AbbVie Inc                                                                                                                     | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |       429 | NS      | $99330.66     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Master Issuer LLC                 | Planet Fitness Master Issuer LLC                                                                                               | CUSIP: 72703PAC7<br>LEI: 549300NX9W3U2DO53T22 | Long             | ABS-O            | CORP              | US        |   2898188 | PA      | $2778932.88   | 0.30%             | 2049-12-05      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| Crown City CLO I                                 | Crown City CLO I                                                                                                               | CUSIP: 22823RAW9<br>LEI: 549300K60T4GC7BSX929 | Long             | ABS-CBDO         | CORP              | KY        |   1030000 | PA      | $1033147.68   | 0.11%             | 2038-07-20      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                          | BNP Paribas Issuance BV                                                                                                        | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | SN               | CORP              | NL        |      3776 | PA      | $1298584.72   | 0.14%             | 2026-01-06      | Fixed         | 16.04%                | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                | PRPM 2025-2 LLC                                                                                                                | CUSIP: 69382HAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     97840 | PA      | $98195.32     | 0.01%             | 2030-05-25      | Variable      | 6.47%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                             | Republic of Uzbekistan International Bond                                                                                      | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    470000 | PA      | $569169.08    | 0.06%             | 2027-05-29      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                  | Fair Isaac Corp                                                                                                                | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   1265000 | PA      | $1280740.61   | 0.14%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                           | SLM Private Credit Student Loan Trust 2003-A                                                                                   | CUSIP: 78443CAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    181000 | PA      | $180627.14    | 0.02%             | 2032-06-15      | Variable      | 7.03%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                 | OneMain Financial Issuance Trust 2021-1                                                                                        | CUSIP: 68269MAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    810000 | PA      | $758616.11    | 0.08%             | 2036-06-16      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Mortgage Loan Trust               | Morgan Stanley Mortgage Loan Trust 2005-7                                                                                      | CUSIP: 61748HNZ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    222067 | PA      | $131357.70    | 0.01%             | 2035-11-25      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| SMB Private Education Loan Trust                 | SMB Private Education Loan Trust 2018-B                                                                                        | CUSIP: 78449LAD0<br>LEI: 549300INMCHM7L5O6M41 | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $186028.83    | 0.02%             | 2042-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                           | First Brands Group LLC 2021 Term Loan                                                                                          | CUSIP: 31935HAD9<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |    584000 | PA      | $205445.36    | 0.02%             | 2027-03-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                            | Quikrete Holdings Inc                                                                                                          | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   2015000 | PA      | $2087225.66   | 0.22%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Planet Fitness Master Issuer LLC                 | Planet Fitness Master Issuer LLC                                                                                               | CUSIP: 72703PAF0<br>LEI: 549300NX9W3U2DO53T22 | Long             | ABS-O            | CORP              | US        |    351450 | PA      | $358377.47    | 0.04%             | 2054-06-05      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                   | Mastercard Inc                                                                                                                 | CUSIP: 57636QBE3<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |   1820000 | PA      | $1820912.82   | 0.20%             | 2028-03-15      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                            | Venture Global Plaquemines LNG LLC                                                                                             | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1580191.59   | 0.17%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trust                  | Prestige Auto Receivables Trust 2023-2                                                                                         | CUSIP: 74113VAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    210000 | PA      | $218396.28    | 0.02%             | 2029-08-15      | Fixed         | 7.71%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                         | 1011778 BC ULC / New Red Finance Inc                                                                                           | CUSIP: 68245XAP4<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    300000 | PA      | $286436.76    | 0.03%             | 2029-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                               | VICI Properties LP                                                                                                             | CUSIP: 925650AD5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |   2895000 | PA      | $2923494.10   | 0.31%             | 2032-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LOGAN GROUP CO LTD                               | Logan Group Co Ltd                                                                                                             | CUSIP: 000000000<br>LEI: 549300NJ0E6Q0S1VOG90 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $33408.00     | 0.00%             | 2025-07-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                          | Energean Israel Finance Ltd                                                                                                    | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |   1340000 | PA      | $1316349.00   | 0.14%             | 2028-03-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Costco Wholesale Corp                            | Costco Wholesale Corp                                                                                                          | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |        89 | NS      | $82381.07     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |   1859714 | PA      | $34869.64     | 0.00%             | 2032-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MASTR Adjustable Rate Mortgages Trust            | MASTR Adjustable Rate Mortgages Trust 2004-4                                                                                   | CUSIP: 576433MH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    181107 | PA      | $176754.54    | 0.02%             | 2034-05-25      | Variable      | 7.25%                 | No            |                  3 | On Loan: No      |
| Wave USA                                         | WAVE 2019-1 LLC                                                                                                                | CUSIP: 94354KAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1912356 | PA      | $1605451.26   | 0.17%             | 2044-09-15      | Fixed         | 6.41%                 | No            |                  2 | On Loan: No      |
| SUNAC CHINA HOLDINGS LTD                         | Sunac China Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | DBT              | CORP              | KY        |    811149 | PA      | $119644.48    | 0.01%             | 2027-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Australia Government Bonds                       | Australia Government Bonds                                                                                                     | CUSIP: 000000000<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |   5515000 | PA      | $3078711.03   | 0.33%             | 2031-11-21      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| KWG GROUP HOLDINGS                               | KWG Group Holdings Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 549300LK82ZOM9ZE7H90 | Long             | DBT              | CORP              | KY        |    645000 | PA      | $40028.70     | 0.00%             | 2026-08-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IndyMac INDX Mortgage Loan Trust                 | IndyMac INDX Mortgage Loan Trust 2004-AR7                                                                                      | CUSIP: 45660NU45<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    292478 | PA      | $233459.79    | 0.03%             | 2034-09-25      | Floating      | 5.49%                 | No            |                  3 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |   1662560 | PA      | $18703.80     | 0.00%             | 2032-12-28      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                    | EchoStar Corp                                                                                                                  | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |  12162597 | PA      | $13380924.34  | 1.44%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                                | Magnetite XXXVI Ltd                                                                                                            | CUSIP: 559922AQ2<br>LEI: 549300M0875JBMUL0W79 | Long             | ABS-CBDO         | CORP              | KY        |   2210000 | PA      | $2216647.68   | 0.24%             | 2038-07-25      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                       | Affirm Asset Securitization Trust 2024-A                                                                                       | CUSIP: 00834BAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    225000 | PA      | $225842.18    | 0.02%             | 2029-02-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| BioMarin Pharmaceutical Inc                      | BioMarin Pharmaceutical Inc                                                                                                    | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |     35406 | NS      | $1917588.96   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD                         | Macquarie Airfinance Holdings Ltd                                                                                              | CUSIP: 55609NAE8<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |    255000 | PA      | $258564.80    | 0.03%             | 2030-03-17      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                     | UBS Group AG                                                                                                                   | CUSIP: 225401AU2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    375000 | PA      | $347012.58    | 0.04%             | 2032-05-14      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                | Iron Mountain Inc                                                                                                              | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    320000 | PA      | $316469.33    | 0.03%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust                               | Aqua Finance Trust 2019-A                                                                                                      | CUSIP: 038370AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    141355 | PA      | $138624.98    | 0.01%             | 2040-07-16      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                          | Romanian Government International Bond                                                                                         | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    995000 | PA      | $1190901.52   | 0.13%             | 2039-07-11      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Williams Cos Inc/The                             | Williams Cos Inc/The                                                                                                           | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |      1595 | NS      | $101043.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Park Funding Ltd                         | Madison Park Funding LIX Ltd                                                                                                   | CUSIP: 55822EAQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1900000 | PA      | $1908941.40   | 0.21%             | 2037-04-18      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| REMIC FUNDING TRUST 98-1                         | Redwood Funding Trust 2025-1                                                                                                   | CUSIP: 757912AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    920770 | PA      | $921230.08    | 0.10%             | 2055-05-27      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                       | Navient Private Education Refi Loan Trust 2020-F                                                                               | CUSIP: 63941XAB3<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |   1290000 | PA      | $1109762.88   | 0.12%             | 2069-07-15      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                    | ZF North America Capital Inc                                                                                                   | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    535000 | PA      | $512212.64    | 0.06%             | 2032-04-23      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                         | Avolon Holdings Funding Ltd                                                                                                    | CUSIP: 05401AAZ4<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    495000 | PA      | $507763.73    | 0.05%             | 2030-05-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                           | BRISTOL-MYERS SQUIBB CO                                                                                                        | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -8 | NC      | $-4.00        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Automobile Receivables Trust            | Westlake Automobile Receivables Trust 2025-1                                                                                   | CUSIP: 96043VAH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    260000 | PA      | $265041.66    | 0.03%             | 2030-11-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Sprint Capital Corp                              | Sprint Capital Corp                                                                                                            | CUSIP: 852060AT9<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |    985000 | PA      | $1200009.55   | 0.13%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust    | JP Morgan Chase Commercial Mortgage Securities Trust 2025-BMS                                                                  | CUSIP: 46596CAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    420000 | PA      | $417659.34    | 0.04%             | 2042-01-15      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                           | GILEAD SCIENCES INC                                                                                                            | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -3 | NC      | $-85.50       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley BAML Trust                        | MSBAM Commercial Mortgage Securities Trust 2012-CKSV                                                                           | CUSIP: 553514AC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     81324 | PA      | $77461.05     | 0.01%             | 2030-10-15      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                     | Ares XXXIX CLO Ltd                                                                                                             | CUSIP: 04015WBN3<br>LEI: 5493005YAOTYJUJV3S58 | Long             | ABS-CBDO         | CORP              | KY        |   1660000 | PA      | $1664521.84   | 0.18%             | 2037-07-18      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                    | Aircastle Ltd                                                                                                                  | CUSIP: 00928QAY7<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |    405000 | PA      | $422376.48    | 0.05%             | 2029-02-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                     | CSMC 2014-USA OA LLC                                                                                                           | CUSIP: 12649AAQ2<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |   5680000 | PA      | $3832580.00   | 0.41%             | 2037-09-15      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD GRP/CO                         | JBS USA Holding Lux Sarl / JBS USA Foods Group Holdings Inc / JBS USA Food Co                                                  | CUSIP: 472140AE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1540000 | PA      | $1572663.40   | 0.17%             | 2036-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                | Brown & Brown Inc                                                                                                              | CUSIP: 115236AM3<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    345000 | PA      | $354884.77    | 0.04%             | 2035-06-23      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                         | Long: B28437096 IRS ZAR R V 03MJIBAR 828437096_FLO CCPVANILLA / Short: B28437096 IRS ZAR P F  7.58000 828437096_FIX CCPVANILLA | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        | 210000000 | OU      | $-300345.48   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                            | CUSIP: 91282CJV4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1105000 | PA      | $1105776.96   | 0.12%             | 2026-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Philippines Government International Bonds       | Philippines Government International Bonds                                                                                     | CUSIP: 718286CH8<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |   2465000 | PA      | $1764299.10   | 0.19%             | 2045-05-05      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Home Partners of America Trust                   | Home Partners of America 2021-1 Trust                                                                                          | CUSIP: 437300AJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    222731 | PA      | $194620.34    | 0.02%             | 2041-09-17      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                              | Synchrony Financial                                                                                                            | CUSIP: 87165BAV5<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    805000 | PA      | $834408.43    | 0.09%             | 2030-08-02      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                       | Progress Residential Trust                                                                                                     | CUSIP: 74333HAL9<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    585000 | PA      | $572640.00    | 0.06%             | 2038-07-17      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                    | DISH DBS Corp                                                                                                                  | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    975000 | PA      | $934674.00    | 0.10%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Carbone CLO, LTD                                 | Carbone Clo Ltd                                                                                                                | CUSIP: 141312AE8<br>LEI: 5493005I53NEC017LN87 | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $400754.68    | 0.04%             | 2031-01-20      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                         | iHeartCommunications Inc                                                                                                       | CUSIP: 45174HBM8<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |   1094700 | PA      | $909334.45    | 0.10%             | 2030-08-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust               | Alternative Loan Trust 2004-16CB                                                                                               | CUSIP: 12667FLT0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     86190 | PA      | $87631.82     | 0.01%             | 2034-07-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GCAT                                             | GCAT 2019-RPL1 Trust                                                                                                           | CUSIP: 36167CAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    102096 | PA      | $99488.74     | 0.01%             | 2068-10-25      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                                     | Comcast Corp                                                                                                                   | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |      3304 | NS      | $103811.68    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MICRON TECHNOLOGY INC                            | Micron Technology Inc                                                                                                          | CUSIP: 595112BZ5<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    340000 | PA      | $361119.17    | 0.04%             | 2033-02-09      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MVW 2020-1 LLC                                   | MVW 2020-1 LLC                                                                                                                 | CUSIP: 55400EAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     73300 | PA      | $72649.45     | 0.01%             | 2037-10-20      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2019-2 B PTT                          | United Airlines 2019-2 Class B Pass Through Trust                                                                              | CUSIP: 90932KAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1362673 | PA      | $1317254.94   | 0.14%             | 2028-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ADD HERO HOLDINGS                                | Add Hero Holdings Ltd                                                                                                          | CUSIP: 000000000<br>LEI: 254900WMSDP48LFA7478 | Long             | DBT              | CORP              | VG        |    186494 | PA      | $3963.00      | 0.00%             | 2030-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Willis Engine Securitization Trust               | Willis Engine Structured Trust V                                                                                               | CUSIP: 97064FAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    613581 | PA      | $589537.79    | 0.06%             | 2045-03-15      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| CHINA AOYUAN GROUP LTD                           | China Aoyuan Group Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 549300YSOKQO5QD6MP25 | Long             | DBT              | CORP              | KY        |    134343 | PA      | $1577.18      | 0.00%             | 2031-09-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                | PRPM 2024-RCF1 LLC                                                                                                             | CUSIP: 693581AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     79814 | PA      | $78648.38     | 0.01%             | 2054-01-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                          | BNP Paribas Issuance BV                                                                                                        | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | SN               | CORP              | NL        |      2012 | PA      | $924436.08    | 0.10%             | 2026-05-26      | Fixed         | 17.83%                | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                  | Cemex SAB de CV                                                                                                                | CUSIP: 151290BZ5<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |   2745000 | PA      | $2605139.51   | 0.28%             | 2031-07-11      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                     | GS Mortgage Securities Trust 2011-GC5                                                                                          | CUSIP: 36191YAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    540000 | PA      | $476054.55    | 0.05%             | 2044-08-10      | Variable      | 5.31%                 | No            |                  2 | On Loan: No      |
| MASTR Alternative Loans Trust                    | MASTR Alternative Loan Trust 2004-5                                                                                            | CUSIP: 576434RF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     63486 | PA      | $63423.45     | 0.01%             | 2034-06-25      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| MICRON TECHNOLOGY INC                            | Micron Technology Inc                                                                                                          | CUSIP: 595112CH4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    530000 | PA      | $566272.26    | 0.06%             | 2035-11-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| SMBC AVIATION CAPITAL FI                         | SMBC Aviation Capital Finance DAC                                                                                              | CUSIP: 78448TAN2<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |   1640000 | PA      | $1675932.55   | 0.18%             | 2030-04-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Moody's Corp                                     | Moody's Corp                                                                                                                   | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |        68 | NS      | $32400.64     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Wise CLO Ltd                                     | Wise CLO 2025-1 Ltd                                                                                                            | CUSIP: 97719NAC1<br>LEI: 254900DVTMRT7SQKI452 | Long             | ABS-CBDO         | CORP              | KY        |   2580000 | PA      | $2581806.00   | 0.28%             | 2038-01-20      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust    | JP Morgan Chase Commercial Mortgage Securities Trust 2012-LC9                                                                  | CUSIP: 46639EAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    865821 | PA      | $839889.33    | 0.09%             | 2047-12-15      | Variable      | 3.69%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                             | Republic of Uzbekistan International Bond                                                                                      | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    915000 | PA      | $1115759.99   | 0.12%             | 2029-02-25      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| YUZHOU GROUP                                     | Yuzhou Group Holdings Co Ltd                                                                                                   | CUSIP: 000000000<br>LEI: 213800MP59KHGJSPHE82 | Long             | DBT              | CORP              | KY        |    662884 | PA      | $18680.07     | 0.00%             | 2029-06-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                     | Ford Credit Auto Lease Trust 2023-B                                                                                            | CUSIP: 34529NAH3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    285000 | PA      | $287741.70    | 0.03%             | 2028-06-15      | Fixed         | 6.97%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                | Barclays Bank PLC                                                                                                              | CUSIP: 06748N848<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |      2541 | PA      | $896823.65    | 0.10%             | 2026-06-09      | Fixed         | 17.11%                | No            |                  2 | On Loan: No      |
| PK ALIFT LOAN FUNDING                            | PK Alift Loan Funding 3 LP                                                                                                     | CUSIP: 69291VAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    220658 | PA      | $225817.71    | 0.02%             | 2039-09-15      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                  | Benefit Street Partners CLO XVI Ltd                                                                                            | CUSIP: 08181VBC8<br>LEI: 2549001UGYKGM9DWMY60 | Long             | ABS-CBDO         | CORP              | KY        |   2005000 | PA      | $2010100.72   | 0.22%             | 2038-01-17      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| ZHENRO PROPERTIES GROUP                          | Zhenro Properties Group Ltd                                                                                                    | CUSIP: 000000000<br>LEI: 549300I66TVJEL841P38 | Long             | DBT              | CORP              | KY        |    210000 | PA      | $525.00       | 0.00%             | 2026-08-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ANTARES HOLDINGS                                 | Antares Holdings LP                                                                                                            | CUSIP: 03666HAE1<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |   2790000 | PA      | $2712835.44   | 0.29%             | 2027-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                        | College Ave Student Loans 2021-A LLC                                                                                           | CUSIP: 19424KAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    293744 | PA      | $282437.42    | 0.03%             | 2051-07-25      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Horizon Aircraft Finance                         | Horizon Aircraft Finance III Ltd                                                                                               | CUSIP: 44040JAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    169259 | PA      | $163160.34    | 0.02%             | 2039-11-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| China Evergrande Group                           | China Evergrande Group                                                                                                         | CUSIP: 000000000<br>LEI: 549300CUF7B1LAB15T90 | Long             | DBT              | CORP              | KY        |    270000 | PA      | $3712.50      | 0.00%             | 2022-04-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                            | Directv Financing LLC / Directv Financing Co-Obligor Inc                                                                       | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1165000 | PA      | $1163289.78   | 0.13%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| LOGAN GROUP CO LTD                               | Logan Group Co Ltd                                                                                                             | CUSIP: 000000000<br>LEI: 549300NJ0E6Q0S1VOG90 | Long             | DBT              | CORP              | KY        |    230000 | PA      | $19389.00     | 0.00%             | 2026-12-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Corteva Inc                                      | Corteva Inc                                                                                                                    | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |       890 | NS      | $60190.70     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lex Commercial Loan Master Trust                 | LEX 2024-BBG Mortgage Trust                                                                                                    | CUSIP: 52885AAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    180000 | PA      | $181283.94    | 0.02%             | 2033-10-13      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| Starwood Retail Property Trust                   | Starwood Retail Property Trust 2014-STAR                                                                                       | CUSIP: 85571XAQ0<br>LEI: 5493007115G809OI4R97 | Long             | ABS-MBS          | CORP              | US        |   4243654 | PA      | $42436.54     | 0.00%             | 2027-11-15      | Floating      | 7.50%                 | No            |                  3 | On Loan: No      |
| CME Group Inc                                    | CME Group Inc                                                                                                                  | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |       298 | NS      | $80516.62     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Drive Auto Receivables Trust                     | Drive Auto Receivables Trust 2025-2                                                                                            | CUSIP: 262103AG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    680000 | PA      | $679001.76    | 0.07%             | 2032-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Trafigura Securitisation Finance Plc             | Trafigura Securitisation Finance PLC                                                                                           | CUSIP: 892725AZ5<br>LEI: 549300CH6S10UEZXWN56 | Long             | ABS-O            | CORP              | IE        |    335000 | PA      | $336318.90    | 0.04%             | 2027-11-15      | Fixed         | 7.29%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                     | Synopsys Inc                                                                                                                   | CUSIP: 871607AE7<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    845000 | PA      | $859579.93    | 0.09%             | 2035-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US LONG BOND(CBT) DEC25                                                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -106 | NC      | $-258588.48   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Post CLO LTD                                     | Post CLO VI Ltd                                                                                                                | CUSIP: 73742RAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1445000 | PA      | $1449975.14   | 0.16%             | 2038-01-20      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Starwood Retail Property Trust                   | Starwood Retail Property Trust 2014-STAR                                                                                       | CUSIP: 85571XAN7<br>LEI: 5493007115G809OI4R97 | Long             | ABS-MBS          | CORP              | US        |   1060000 | PA      | $21200.00     | 0.00%             | 2027-11-15      | Floating      | 7.50%                 | No            |                  3 | On Loan: No      |
| Westlake Automobile Receivables Trust            | Westlake Automobile Receivables Trust 2024-1                                                                                   | CUSIP: 96043RAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    720000 | PA      | $736008.26    | 0.08%             | 2029-10-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc                                     | Alphabet Inc                                                                                                                   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |       440 | NS      | $106964.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HUB INTERNATIONAL LIMITED                        | HUB International Limited 2025 Term Loan B                                                                                     | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |    314276 | PA      | $314659.01    | 0.03%             | 2030-06-20      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                | Sierra Timeshare 2023-1 Receivables Funding LLC                                                                                | CUSIP: 826943AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     72769 | PA      | $74622.80     | 0.01%             | 2040-01-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust                               | Aqua Finance Trust 2024-A                                                                                                      | CUSIP: 03837DAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $255505.75    | 0.03%             | 2050-04-18      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                          | BNP Paribas Issuance BV                                                                                                        | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | SN               | CORP              | NL        |      2479 | PA      | $878826.67    | 0.09%             | 2026-03-19      | Fixed         | 12.41%                | No            |                  2 | On Loan: No      |
| Uniti Fiber ABS Issuer LLC                       | Uniti Fiber Abs Issuer Llc                                                                                                     | CUSIP: 91326EAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    135000 | PA      | $137484.81    | 0.01%             | 2055-04-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                     | Hilton Grand Vacations Trust 2025-1                                                                                            | CUSIP: 43283CAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    296237 | PA      | $299146.94    | 0.03%             | 2042-05-27      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| CLI Funding LLC                                  | CLI Funding VIII LLC                                                                                                           | CUSIP: 12572DAA2<br>LEI: 254900Z4P82YK31RVL27 | Long             | ABS-O            | CORP              | US        |   1904697 | PA      | $1888244.52   | 0.20%             | 2050-06-21      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                       | Progress Residential 2021-SFR3                                                                                                 | CUSIP: 74333VAL8<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    470000 | PA      | $465595.21    | 0.05%             | 2026-05-17      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                             | Birch Grove CLO 12 Ltd                                                                                                         | CUSIP: 09090MAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1590000 | PA      | $1596891.06   | 0.17%             | 2038-04-22      | Floating      | 6.14%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                    | Aircastle Ltd                                                                                                                  | CUSIP: 00928QAX9<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |   1190000 | PA      | $1250498.72   | 0.13%             | 2028-07-18      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited                 | Bain Capital Credit CLO 2022-4 Ltd                                                                                             | CUSIP: 05685BAQ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1080000 | PA      | $1084227.12   | 0.12%             | 2037-10-16      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| ASML Holding NV                                  | ASML Holding NV                                                                                                                | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |        41 | NS      | $39691.69     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PILGRIM'S PRIDE CORP                             | Pilgrim's Pride Corp                                                                                                           | CUSIP: 72147KAH1<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2105278.09   | 0.23%             | 2032-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO LTD.                            | Sixth Street CLO XV Ltd                                                                                                        | CUSIP: 83012BAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    430000 | PA      | $431428.03    | 0.05%             | 2037-10-24      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| ZHENRO PROPERTIES GROUP                          | Zhenro Properties Group Ltd                                                                                                    | CUSIP: 000000000<br>LEI: 549300I66TVJEL841P38 | Long             | DBT              | CORP              | KY        |    220000 | PA      | $275.00       | 0.00%             | 2025-02-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                         | EQT Corp                                                                                                                       | CUSIP: 26884LAN9<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1019230.82   | 0.11%             | 2031-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Elevance Health Inc                              | Elevance Health Inc                                                                                                            | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |       262 | NS      | $84657.44     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Social Professional Loan Program LLC             | SoFi Professional Loan Program 2020-ATrust                                                                                     | CUSIP: 83406TAC6<br>LEI: 5493002WMPR84WZ75V46 | Long             | ABS-O            | CORP              | US        |   1350000 | PA      | $1189134.54   | 0.13%             | 2046-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                         | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                                                                      | CUSIP: 00774MAX3<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   2770000 | PA      | $2550874.94   | 0.27%             | 2032-01-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Philippines Government International Bonds       | Philippines Government International Bonds                                                                                     | CUSIP: 718286DH7<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    800000 | PA      | $852145.16    | 0.09%             | 2050-02-04      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                           | MERCK + CO INC                                                                                                                 | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -10 | NC      | $-85.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX CORP                                   | TD SYNNEX Corp                                                                                                                 | CUSIP: 87162WAL4<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |   1970000 | PA      | $2094339.03   | 0.23%             | 2034-04-12      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Procter & Gamble Co/The                          | Procter & Gamble Co/The                                                                                                        | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |       637 | NS      | $97875.05     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNAC CHINA HOLDINGS LTD                         | Sunac China Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | DBT              | CORP              | KY        |    404592 | PA      | $60688.80     | 0.01%             | 2026-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |    394309 | PA      | $8871.95      | 0.00%             | 2026-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                             | Republic of Uzbekistan International Bond                                                                                      | CUSIP: 91822QVX2<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    220000 | PA      | $236541.47    | 0.03%             | 2028-10-12      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                   | Morgan Stanley                                                                                                                 | CUSIP: 61747YFM2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   8020000 | PA      | $8396914.26   | 0.90%             | 2039-02-07      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| Diameter Capital CLO                             | Diameter Capital CLO 10 Ltd                                                                                                    | CUSIP: 25290BAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300831.30    | 0.03%             | 2038-04-20      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                              | CDW LLC / CDW Finance Corp                                                                                                     | CUSIP: 12513GBL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    995000 | PA      | $1020228.98   | 0.11%             | 2034-08-22      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| STEEL DYNAMICS INC                               | Steel Dynamics Inc                                                                                                             | CUSIP: 858119BS8<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |    880000 | PA      | $899199.80    | 0.10%             | 2035-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Global SC Finance SRL                            | Global SC Finance X Ltd                                                                                                        | CUSIP: 37893FAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1420000 | PA      | $1419326.92   | 0.15%             | 2045-09-22      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners XXII Ltd             | Octagon Investment Partners XXII Ltd                                                                                           | CUSIP: 67572YBU5<br>LEI: 549300MQ9W5DWZ8QX450 | Long             | ABS-CBDO         | CORP              | KY        |    920000 | PA      | $922945.84    | 0.10%             | 2030-01-22      | Floating      | 6.49%                 | No            |                  2 | On Loan: No      |
| New York Mortgage Trust                          | NYMT Loan Trust 2024-CP1                                                                                                       | CUSIP: 67118PAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    367776 | PA      | $341276.31    | 0.04%             | 2068-02-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp                             | Lockheed Martin Corp                                                                                                           | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |       112 | NS      | $55911.52     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTR Alternative Loans Trust                    | MASTR Alternative Loan Trust 2004-5                                                                                            | CUSIP: 576434RG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     73639 | PA      | $74774.20     | 0.01%             | 2034-06-25      | Fixed         | 6.00%                 | No            |                  3 | On Loan: No      |
| CENTRAL CHN REAL ESTATE                          | Central China Real Estate Ltd                                                                                                  | CUSIP: 000000000<br>LEI: 549300JDML9PYG0CIJ22 | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $30350.00     | 0.00%             | 2025-08-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust     | American Credit Acceptance Receivables Trust 2023-3                                                                            | CUSIP: 02530EAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    405000 | PA      | $414290.62    | 0.04%             | 2029-10-12      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                     | Centene Corp                                                                                                                   | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2084158.87   | 0.22%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                              | COMM 2012-LC4 Mortgage Trust                                                                                                   | CUSIP: 126192AG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     31747 | PA      | $29603.66     | 0.00%             | 2044-12-10      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| ATLASSIAN CORPORATION                            | Atlassian Corp                                                                                                                 | CUSIP: 049468AB7<br>LEI: 549300V7ZY5P02D2MY38 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $1983148.96   | 0.21%             | 2034-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer III, LLC              | Compass Datacenters Issuer III LLC                                                                                             | CUSIP: 20469BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    635000 | PA      | $648154.03    | 0.07%             | 2050-02-25      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Business Jet Securities, LLC                     | Business Jet Securities 2024-1 LLC                                                                                             | CUSIP: 12327CAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     82369 | PA      | $85137.68     | 0.01%             | 2039-05-15      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                          | Dryden XXVI Senior Loan Fund                                                                                                   | CUSIP: 26250UAU9<br>LEI: 549300ENU7ZZLTPT3E22 | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300563.01    | 0.03%             | 2029-04-15      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Trust 2025-VLT7                                                                                                             | CUSIP: 123913AC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1110000 | PA      | $1112321.01   | 0.12%             | 2044-07-15      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                 | OneMain Financial Issuance Trust 2020-2                                                                                        | CUSIP: 682696AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1020000 | PA      | $980759.27    | 0.11%             | 2035-09-14      | Fixed         | 2.76%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                 | SMB Private Education Loan Trust 2015-C                                                                                        | CUSIP: 78448RAE6<br>LEI: 549300GD7VLLBVPDNJ81 | Long             | ABS-O            | CORP              | US        |    103838 | PA      | $103515.32    | 0.01%             | 2043-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CHOICE HOTELS INTL INC                           | Choice Hotels International Inc                                                                                                | CUSIP: 169905AH9<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |    255000 | PA      | $260798.92    | 0.03%             | 2034-08-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd                      | Royal Caribbean Cruises Ltd                                                                                                    | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |        71 | NS      | $22974.18     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                         | Venture Global Calcasieu Pass LLC                                                                                              | CUSIP: 92328MAC7<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    950000 | PA      | $855973.61    | 0.09%             | 2033-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                       | Navient Private Education Refi Loan Trust 2018-C                                                                               | CUSIP: 63940VAC6<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |   1286387 | PA      | $1272276.86   | 0.14%             | 2042-06-16      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| GS FINANCE CORP                                  | GS Finance Corp                                                                                                                | CUSIP: 36263Y275<br>LEI: 549300FR80KBVO6DRL61 | Long             | SN               | CORP              | US        |     38971 | PA      | $989126.93    | 0.11%             | 2026-03-30      | Fixed         | 12.80%                | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                         | JP Morgan Mortgage Trust 2004-S1                                                                                               | CUSIP: 466247EV1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    468595 | PA      | $490068.23    | 0.05%             | 2034-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp                                   | Microsoft Corp                                                                                                                 | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |       252 | NS      | $130523.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GITSIT Mortgage Loan Trust                       | GITSIT Mortgage Loan Trust 2025-NPL1                                                                                           | CUSIP: 375926AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1312023 | PA      | $1315586.90   | 0.14%             | 2055-02-25      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                 | CSC Holdings LLC                                                                                                               | CUSIP: 126307BD8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   4965000 | PA      | $1741953.37   | 0.19%             | 2030-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| New York Mortgage Trust                          | NYMT Loan Trust Series 2024-BPL3                                                                                               | CUSIP: 67119RAB3<br>LEI: 254900Q6RDCV3HGA6340 | Long             | ABS-MBS          | CORP              | US        |    445000 | PA      | $445313.73    | 0.05%             | 2039-09-25      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                  | Benefit Street Partners CLO 43 Ltd                                                                                             | CUSIP: 08179QAA8<br>LEI: 254900TPMKEES6UQHQ33 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250107.75    | 0.03%             | 2038-10-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY PARTNERS LL                         | Viper Energy Partners LLC                                                                                                      | CUSIP: 92764MAB0<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1270900.00   | 0.14%             | 2035-08-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| VCAT Asset Securitization, LLC                   | VCAT 2025-NPL3 LLC                                                                                                             | CUSIP: 92243QAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1013261 | PA      | $1014325.55   | 0.11%             | 2055-02-25      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust            | Westlake Automobile Receivables Trust 2024-2                                                                                   | CUSIP: 96042YAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    195000 | PA      | $198259.82    | 0.02%             | 2030-04-15      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| Packaging Corp of America                        | Packaging Corp of America                                                                                                      | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |       510 | NS      | $111144.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| 1011778 BC / NEW RED FIN                         | 1011778 BC ULC / New Red Finance Inc                                                                                           | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     75000 | PA      | $73203.65     | 0.01%             | 2028-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                                                                                            | CUSIP: 912797QR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  42625000 | PA      | $42389970.44  | 4.56%             | 2025-11-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                           | UNITED PARCEL SERVICE INC                                                                                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -9 | NC      | $-85.50       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| UBS GROUP AG                                     | UBS Group AG                                                                                                                   | CUSIP: 902613BQ0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1375000 | PA      | $1431247.92   | 0.15%             | 2036-05-09      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                            | CUSIP: 91282CKS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $4026625.00   | 0.43%             | 2026-05-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                   | Morgan Stanley Capital I Trust 2011-C2                                                                                         | CUSIP: 617459AJ1<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |    505566 | PA      | $500662.39    | 0.05%             | 2044-06-15      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                             | Birch Grove CLO 7 Ltd                                                                                                          | CUSIP: 09077RAL3<br>LEI: 254900FP4VB7V5ZG0W95 | Long             | ABS-CBDO         | CORP              | JE        |    465000 | PA      | $465203.21    | 0.05%             | 2038-10-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                  | Cemex SAB de CV                                                                                                                | CUSIP: 151290CC5<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |    295000 | PA      | $308422.50    | 0.03%             | 2030-06-10      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| (Sunnova) Aurora I Issuer, LLC                   | Sunnova Helios XIII Issuer LLC                                                                                                 | CUSIP: 86745CAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    399850 | PA      | $371325.38    | 0.04%             | 2051-02-20      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust               | Alternative Loan Trust 2004-J10                                                                                                | CUSIP: 12667FVB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     74830 | PA      | $75208.57     | 0.01%             | 2034-09-25      | Fixed         | 6.00%                 | No            |                  3 | On Loan: No      |
| Westlake Automobile Receivables Trust            | Westlake Automobile Receivables Trust 2023-3                                                                                   | CUSIP: 96041CAN2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    635000 | PA      | $653726.79    | 0.07%             | 2029-03-15      | Fixed         | 6.47%                 | No            |                  2 | On Loan: No      |
| RCO Mortgage LLC                                 | RCO IX Mortgage LLC 2025-2                                                                                                     | CUSIP: 754930AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1560004 | PA      | $1565465.99   | 0.17%             | 2030-04-25      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| Truist Insurance Holdings LLC                    | Truist Insurance Holdings LLC 2024 Term Loan B                                                                                 | CUSIP: 89788VAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    357169 | PA      | $356612.05    | 0.04%             | 2031-05-06      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                    | UniCredit SpA                                                                                                                  | CUSIP: 904678AS8<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |    200000 | PA      | $201634.12    | 0.02%             | 2035-06-30      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                | Credit Acceptance Auto Loan Trust 2024-1                                                                                       | CUSIP: 22537GAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $102912.25    | 0.01%             | 2034-07-17      | Fixed         | 6.71%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                           | Pacific Gas and Electric Co                                                                                                    | CUSIP: 694308KM8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    830000 | PA      | $892203.59    | 0.10%             | 2033-06-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| WF-RBS Commercial Mortgage Trust                 | WFRBS Commercial Mortgage Trust 2011-C3                                                                                        | CUSIP: 92935VAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    941396 | PA      | $338902.70    | 0.04%             | 2044-03-15      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                        | Boeing Co/The                                                                                                                  | CUSIP: 097023CV5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1193847.13   | 0.13%             | 2040-05-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| SUNAC CHINA HOLDINGS LTD                         | Sunac China Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | DBT              | CORP              | KY        |   1222621 | PA      | $183393.15    | 0.02%             | 2029-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SLAM LLC                                         | SLAM 2025-1 Ltd                                                                                                                | CUSIP: 78450TAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    308677 | PA      | $318206.40    | 0.03%             | 2050-05-15      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| Kestrel Aircraft Funding Limited                 | Kestrel Aircraft Funding Ltd                                                                                                   | CUSIP: 49255PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    730382 | PA      | $729418.36    | 0.08%             | 2038-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Post CLO LTD                                     | Post CLO 2023-1 Ltd                                                                                                            | CUSIP: 73743CAA0<br>LEI: 5493007CUC7FI0ONIF25 | Long             | ABS-CBDO         | CORP              | KY        |   2110000 | PA      | $2114321.28   | 0.23%             | 2036-04-20      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                       | Flagship Credit Auto Trust 2024-1                                                                                              | CUSIP: 33843VAJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    180000 | PA      | $177486.93    | 0.02%             | 2030-02-15      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                | Barclays Bank PLC                                                                                                              | CUSIP: 06748N822<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |      2038 | PA      | $863740.50    | 0.09%             | 2026-05-13      | Fixed         | 12.12%                | No            |                  2 | On Loan: No      |
| BLUE OWL FINANCE LLC                             | Blue Owl Finance LLC                                                                                                           | CUSIP: 09581JAT3<br>LEI: 254900OF2NO2GYFV5T41 | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1599303.51   | 0.17%             | 2034-04-18      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Garnet CLO Ltd                                   | Garnet CLO 2 Ltd                                                                                                               | CUSIP: 36626CAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3060000 | PA      | $3056297.40   | 0.33%             | 2038-10-20      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| DCAL Aviation Finance Limited                    | AIM Aviation Finance Ltd                                                                                                       | CUSIP: 001406AB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2218114 | PA      | $1774535.87   | 0.19%             | 2040-02-15      | Variable      | 5.07%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                | Credit Acceptance Auto Loan Trust 2024-2                                                                                       | CUSIP: 22536VAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    290000 | PA      | $300462.21    | 0.03%             | 2034-10-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| EverBright Solar Trust                           | EverBright Solar Trust 2024-A                                                                                                  | CUSIP: 29977FAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    380888 | PA      | $355935.56    | 0.04%             | 2054-06-22      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| SUNAC CHINA HOLDINGS LTD                         | Sunac China Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | DBT              | CORP              | KY        |    575709 | PA      | $86540.58     | 0.01%             | 2030-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                            | Wells Fargo & Co                                                                                                               | CUSIP: 95000U4B6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2440000 | PA      | $2435123.05   | 0.26%             | 2036-09-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                    | Boeing Co/The                                                                                                                  | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2240000 | PA      | $2476244.20   | 0.27%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| ELEMENT COMM AVIATION                            | ELEMENT COMM AVIATION                                                                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       900 | PA      | $0.00         | 0.00%             | N/A             | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| EquipmentShare                                   | OWN Equipment Fund II LLC                                                                                                      | CUSIP: 690912AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1013775 | PA      | $1021391.49   | 0.11%             | 2033-09-26      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| Lehman XS Trust                                  | Lehman XS Trust Series 2006-2N                                                                                                 | CUSIP: 525221HA8<br>LEI: 549300FDK6ZP3YIHRJ47 | Long             | ABS-MBS          | CORP              | US        |    220741 | PA      | $193240.66    | 0.02%             | 2046-02-25      | Floating      | 4.79%                 | No            |                  3 | On Loan: No      |
| American Credit Acceptance Receivables Trust     | American Credit Acceptance Receivables Trust 2023-4                                                                            | CUSIP: 02530CAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    730000 | PA      | $757280.10    | 0.08%             | 2030-09-12      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                              | Axon Enterprise Inc                                                                                                            | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    260000 | PA      | $267027.14    | 0.03%             | 2030-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Sunac China Holdings Ltd                         | Sunac China Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | EC               | CORP              | KY        |    185246 | NS      | $40435.42     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                 | CSC Holdings LLC                                                                                                               | CUSIP: 126307BH9<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    400000 | PA      | $260110.14    | 0.03%             | 2031-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC             | PRET 2025-NPL6 LLC                                                                                                             | CUSIP: 740936AA7<br>LEI: 2549004EWBYQ3J21FL07 | Long             | ABS-O            | CORP              | US        |    730182 | PA      | $727713.66    | 0.08%             | 2055-06-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| Willis Engine Securitization Trust               | Willis Engine Structured Trust IV                                                                                              | CUSIP: 97064EAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     81361 | PA      | $81147.22     | 0.01%             | 2043-09-15      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Labrador Aviation Finance Limited                | Labrador Aviation Finance Ltd 2016-1A                                                                                          | CUSIP: 50543LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1424522 | PA      | $1388852.39   | 0.15%             | 2042-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Structured Trust             | Castlelake Aircraft Securitization Trust 2018-1                                                                                | CUSIP: 14856CAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    335067 | PA      | $323482.42    | 0.03%             | 2043-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                             | Glencore Funding LLC                                                                                                           | CUSIP: 378272BQ0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1930000 | PA      | $2126851.70   | 0.23%             | 2033-10-06      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                         | Western Midstream Operating LP                                                                                                 | CUSIP: 958667AE7<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   1665000 | PA      | $1758940.08   | 0.19%             | 2033-04-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                      | PepsiCo Inc                                                                                                                    | CUSIP: 713448GD4<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |   6450000 | PA      | $6499603.34   | 0.70%             | 2027-02-07      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| KWG GROUP HOLDINGS                               | KWG Group Holdings Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 549300LK82ZOM9ZE7H90 | Long             | DBT              | CORP              | KY        |    845000 | PA      | $52508.30     | 0.01%             | 2026-02-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Linde PLC                                        | Linde PLC                                                                                                                      | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |        72 | NS      | $34200.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |    985772 | PA      | $18483.23     | 0.00%             | 2031-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wellfleet CLO Ltd                                | Wellfleet CLO 2024-1 Ltd                                                                                                       | CUSIP: 94951AAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    565000 | PA      | $569897.99    | 0.06%             | 2037-07-18      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                         | Warnermedia Holdings Inc                                                                                                       | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   2230000 | PA      | $2043237.50   | 0.22%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Garmin Ltd                                       | Garmin Ltd                                                                                                                     | CUSIP: 000000000<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |       148 | NS      | $36440.56     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL ATLANTIC FIN CO                           | Global Atlantic Fin Co                                                                                                         | CUSIP: 37959GAB3<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    780000 | PA      | $704160.33    | 0.08%             | 2031-06-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| ADD HERO HOLDINGS                                | Add Hero Holdings Ltd                                                                                                          | CUSIP: 000000000<br>LEI: 254900WMSDP48LFA7478 | Long             | DBT              | CORP              | VG        |    229540 | PA      | $13480.87     | 0.00%             | 2029-09-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust                              | DT Auto Owner Trust 2023-3                                                                                                     | CUSIP: 23345WAD7<br>LEI: 549300XVMF0FUK76JG97 | Long             | ABS-O            | CORP              | US        |   1830000 | PA      | $1897902.15   | 0.20%             | 2029-05-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                | BARCLAYS BANK PLC                                                                                                              | CUSIP: 06748N525<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |      1121 | PA      | $715347.93    | 0.08%             | 2026-04-07      | Fixed         | 14.92%                | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                    | UniCredit SpA                                                                                                                  | CUSIP: 904678AY5<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |   1000000 | PA      | $921435.93    | 0.10%             | 2032-06-03      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| TEREX CORPORATION                                | Terex Corporation 2025 Term Loan                                                                                               | CUSIP: 88078FBQ0<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | LON              | CORP              | US        |   1553382 | PA      | $1554935.05   | 0.17%             | 2031-10-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FIN CO LLC                            | Teva Pharmaceutical Finance Co LLC                                                                                             | CUSIP: 88163VAD1<br>LEI: 5493006PITD7MU7WW480 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1989452.00   | 0.21%             | 2036-02-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                            | Freedom Mortgage Holdings LLC                                                                                                  | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104815.00    | 0.01%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US ULTRA BOND CBT DEC25                                                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -75 | NC      | $-230370.00   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Greenacre Park CLO LLC                           | Greenacre Park CLO LLC                                                                                                         | CUSIP: 39355WAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    395000 | PA      | $396779.48    | 0.04%             | 2037-07-20      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust    | BHG Securitization Trust 2024-1CON                                                                                             | CUSIP: 08862HAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    163950 | PA      | $168453.25    | 0.02%             | 2035-04-17      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Trust 2025-VLT6                                                                                                             | CUSIP: 12433KAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2955000 | PA      | $2930742.41   | 0.32%             | 2042-03-15      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                            | CUSIP: 91282CGV7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18060000 | PA      | $18051887.09  | 1.94%             | 2026-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitization Trust         | Castlelake Aircraft Structured Trust 2019-1                                                                                    | CUSIP: 14855MAA6<br>LEI: 549300MHTIBONNXM3R82 | Long             | ABS-O            | CORP              | US        |    241157 | PA      | $238260.66    | 0.03%             | 2039-04-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                     | Synopsys Inc                                                                                                                   | CUSIP: 871607AG2<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    995000 | PA      | $1004184.66   | 0.11%             | 2055-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust    | BHG Securitization Trust 2023-B                                                                                                | CUSIP: 08862GAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    490542 | PA      | $512654.14    | 0.06%             | 2036-12-17      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                                    | AppLovin Corp                                                                                                                  | CUSIP: 03831WAB4<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    615000 | PA      | $629148.82    | 0.07%             | 2029-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Banc of America Funding Corporation              | Banc of America Funding 2007-4 Trust                                                                                           | CUSIP: 05953YBT7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     69788 | PA      | $60552.85     | 0.01%             | 2034-11-25      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| Exxon Mobil Corp                                 | Exxon Mobil Corp                                                                                                               | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |       887 | NS      | $100009.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA AOYUAN GROUP LTD                           | China Aoyuan Group Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 549300YSOKQO5QD6MP25 | Long             | DBT              | CORP              | KY        |    337685 | PA      | $1884.28      | 0.00%             | 2099-12-31      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| TIMES CHINA HLDG LTD                             | Times China Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 2549000KTINB9ZPZP710 | Long             | DBT              | CORP              | KY        |   1085000 | PA      | $36347.50     | 0.00%             | 2026-03-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                   | Whirlpool Corp                                                                                                                 | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    275000 | PA      | $274433.83    | 0.03%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                               | Subway Funding LLC                                                                                                             | CUSIP: 864300AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1583038 | PA      | $1605231.69   | 0.17%             | 2054-07-30      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization Equity Trust      | AASET 2024-2 Ltd                                                                                                               | CUSIP: 00038QAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1162497 | PA      | $1192720.45   | 0.13%             | 2049-09-16      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| ROC Securities Trust                             | Roc Mortgage Trust 2024-RTL1                                                                                                   | CUSIP: 77118UAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    930000 | PA      | $935195.45    | 0.10%             | 2039-10-25      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                | Barclays Bank PLC                                                                                                              | CUSIP: 06748N566<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |       834 | PA      | $807989.76    | 0.09%             | 2025-11-14      | Fixed         | 12.27%                | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                     | UBS Group AG                                                                                                                   | CUSIP: 225401AV0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    740000 | PA      | $768948.80    | 0.08%             | 2028-08-11      | Fixed         | 6.44%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank                     | Huntington Bank Auto Credit-Linked Notes Series 2025-2                                                                         | CUSIP: 44644NAQ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    382836 | PA      | $382357.11    | 0.04%             | 2033-09-20      | Floating      | 6.74%                 | No            |                  2 | On Loan: No      |
| Ondeck Asset Securitization Trust LLC            | OnDeck Asset Securitization Trust IV LLC                                                                                       | CUSIP: 67118NAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    375000 | PA      | $386769.90    | 0.04%             | 2031-06-17      | Fixed         | 8.99%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                     | CSMC 2014-USA OA LLC                                                                                                           | CUSIP: 12649AAN9<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |   1890000 | PA      | $1388677.50   | 0.15%             | 2037-09-15      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                       | Navient Private Education Refi Loan Trust 2020-H                                                                               | CUSIP: 63935BAB9<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |    730000 | PA      | $638925.42    | 0.07%             | 2069-01-15      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| Starwood Retail Property Trust                   | Starwood Retail Property Trust 2014-STAR                                                                                       | CUSIP: 85571XAS6<br>LEI: 5493007115G809OI4R97 | Long             | ABS-MBS          | CORP              | US        |   3575000 | PA      | $17875.00     | 0.00%             | 2027-11-15      | Floating      | 7.50%                 | No            |                  3 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                          | BNP Paribas Issuance BV                                                                                                        | CUSIP: 937EFE903<br>LEI: 7245009UXRIGIRYOBR48 | Long             | SN               | CORP              | NL        |      3579 | PA      | $1103587.41   | 0.12%             | 2025-11-24      | Fixed         | 11.60%                | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                    | Boeing Co/The                                                                                                                  | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |     11577 | NS      | $805411.89    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Structured Adjustable Rate Mortgage Loan Trust   | Structured Adjustable Rate Mortgage Loan Trust                                                                                 | CUSIP: 863579TM0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1552166 | PA      | $917768.43    | 0.10%             | 2035-07-25      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FNC NL II                             | Teva Pharmaceutical Finance Netherlands II BV                                                                                  | CUSIP: 000000000<br>LEI: 549300HSQCIKJAOYIT23 | Long             | DBT              | CORP              | NL        |    685000 | PA      | $906613.83    | 0.10%             | 2029-09-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| VCAT Asset Securitization, LLC                   | VCAT 2025-NPL1 LLC                                                                                                             | CUSIP: 921962AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    406137 | PA      | $407006.58    | 0.04%             | 2055-01-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| NMLT Trust                                       | NLT 2023-1 Trust                                                                                                               | CUSIP: 62917MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    704738 | PA      | $641994.29    | 0.07%             | 2062-10-25      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                    | DISH DBS Corp                                                                                                                  | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4420000 | PA      | $4343066.81   | 0.47%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                         | Foundation Finance Trust 2025-1                                                                                                | CUSIP: 35040WAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    770000 | PA      | $781513.81    | 0.08%             | 2050-04-15      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                       | Flagship Credit Auto Trust 2023-3                                                                                              | CUSIP: 33846BAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    290000 | PA      | $289149.43    | 0.03%             | 2029-07-16      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| SLAM 2021-1 LLC                                  | Slam 2021-1 Ltd                                                                                                                | CUSIP: 78449AAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    791964 | PA      | $751630.38    | 0.08%             | 2046-06-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES                            | Continental Resources Inc/OK                                                                                                   | CUSIP: 212015AV3<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2439943.35   | 0.26%             | 2032-04-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                       | Flagship Credit Auto Trust 2023-3                                                                                              | CUSIP: 33846BAL8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105000 | PA      | $103055.22    | 0.01%             | 2029-08-15      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                         | International Business Machines Corp                                                                                           | CUSIP: 459200LF6<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   6450000 | PA      | $6542124.32   | 0.70%             | 2028-02-10      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Ondeck Asset Securitization Trust LLC            | OnDeck Asset Securitization Trust IV LLC                                                                                       | CUSIP: 67108SAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    165000 | PA      | $165424.88    | 0.02%             | 2031-10-17      | Fixed         | 7.03%                 | No            |                  2 | On Loan: No      |
| CFLDTRUSTUNT                                     | CFLDTRUSTUNT                                                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   5092534 | NS      | $25004.90     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC             | PRET 2025-NPL3 LLC                                                                                                             | CUSIP: 74143HAA3<br>LEI: 254900UGRYVHG7BY6M45 | Long             | ABS-O            | CORP              | US        |    568005 | PA      | $567935.94    | 0.06%             | 2055-04-25      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                         | Allison Transmission Inc                                                                                                       | CUSIP: 019736AG2<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    840000 | PA      | $776069.37    | 0.08%             | 2031-01-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORPORATION                              | Novelis Corporation 2025 Term Loan B                                                                                           | CUSIP: 67000LAB8<br>LEI: 549300ZJQN1PEAT42X90 | Long             | LON              | CORP              | US        |   3215943 | PA      | $3220670.12   | 0.35%             | 2032-03-11      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Silver Point CLO, Ltd                            | Silver Point CLO 12 Ltd                                                                                                        | CUSIP: 82809MAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1315000 | PA      | $1315568.08   | 0.14%             | 2038-10-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| TIF Funding III LLC                              | TIF Funding III LLC                                                                                                            | CUSIP: 88655AAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    146438 | PA      | $146891.09    | 0.02%             | 2049-04-20      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| Applebees/IHOP Funding LLC                       | Applebee's Funding LLC / IHOP Funding LLC                                                                                      | CUSIP: 03789XAH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2825000 | PA      | $2856182.35   | 0.31%             | 2055-06-07      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| WF-RBS Commercial Mortgage Trust                 | WFRBS Commercial Mortgage Trust 2012-C10                                                                                       | CUSIP: 92890NAY5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2245000 | PA      | $1948682.45   | 0.21%             | 2045-12-15      | Variable      | 4.46%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                              | COMM 2024-CBM Mortgage Trust                                                                                                   | CUSIP: 12674GAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    130000 | PA      | $132426.91    | 0.01%             | 2041-12-10      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                          | BNP Paribas Issuance BV                                                                                                        | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | SN               | CORP              | NL        |      1721 | PA      | $1010214.25   | 0.11%             | 2025-11-03      | Fixed         | 18.24%                | No            |                  2 | On Loan: No      |
| TJX Cos Inc/The                                  | TJX Cos Inc/The                                                                                                                | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |       811 | NS      | $117221.94    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Commercial Mortgage Trust              | Citigroup Commercial Mortgage Trust 2014-GC21                                                                                  | CUSIP: 17322MAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2040000 | PA      | $1829064.00   | 0.20%             | 2047-05-10      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                | Barclays Bank PLC                                                                                                              | CUSIP: 06748N590<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |      1975 | PA      | $1202683.14   | 0.13%             | 2025-11-28      | Fixed         | 17.60%                | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust     | American Credit Acceptance Receivables Trust 2025-1                                                                            | CUSIP: 02528DAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $303790.68    | 0.03%             | 2031-08-12      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |    985772 | PA      | $18483.23     | 0.00%             | 2029-12-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                      | Extended Stay America Trust 2021-ESH                                                                                           | CUSIP: 30227FAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    518615 | PA      | $518614.80    | 0.06%             | 2038-07-15      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| HOLOGIC INC                                      | Hologic Inc                                                                                                                    | CUSIP: 436440AP6<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1158709.92   | 0.12%             | 2029-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                      | Extended Stay America Trust 2025-ESH                                                                                           | CUSIP: 30227TAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    165000 | PA      | $165000.00    | 0.02%             | 2042-10-15      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                            | Venture Global Plaquemines LNG LLC                                                                                             | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $1326348.32   | 0.14%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                  | Benefit Street Partners CLO Ltd                                                                                                | CUSIP: 08182DAN4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    575000 | PA      | $574714.23    | 0.06%             | 2038-04-20      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                | Barclays Bank PLC                                                                                                              | CUSIP: 06748N400<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |      3930 | PA      | $965704.96    | 0.10%             | 2026-01-29      | Fixed         | 12.76%                | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC             | PRET 2025-NPL8 LLC                                                                                                             | CUSIP: 69392EAA8<br>LEI: 254900EZKI569P0YE486 | Long             | ABS-O            | CORP              | US        |   1506148 | PA      | $1511357.63   | 0.16%             | 2055-08-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                | Barclays Bank PLC                                                                                                              | CUSIP: 06748N624<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |      5137 | PA      | $1210870.18   | 0.13%             | 2026-01-16      | Fixed         | 14.47%                | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                   | Var Energi ASA                                                                                                                 | CUSIP: 92212WAG5<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |   2855000 | PA      | $3035740.09   | 0.33%             | 2035-05-22      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Open Text Corporation                            | Open Text Corporation 2023 Term Loan B                                                                                         | CUSIP: 68371YAP8<br>LEI: 549300HP7ONDQODZJV16 | Long             | LON              | CORP              | CA        |   3218240 | PA      | $3213992.12   | 0.35%             | 2030-01-31      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| DK CROWN HOLDINGS INC                            | DK Crown Holdings Inc 2025 Term Loan B                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    835800 | PA      | $834237.05    | 0.09%             | 2032-03-04      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                       | Flagship Credit Auto Trust 2022-3                                                                                              | CUSIP: 33845PAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    225000 | PA      | $223122.22    | 0.02%             | 2028-07-17      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| NATIONAL HEALTH INVESTOR                         | National Health Investors Inc                                                                                                  | CUSIP: 63633DAF1<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | DBT              |  | US        |    455000 | PA      | $411698.99    | 0.04%             | 2031-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                        | Boeing Co/The                                                                                                                  | CUSIP: 097023DC6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1630000 | PA      | $1561207.20   | 0.17%             | 2031-02-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                          | United Rentals North America Inc                                                                                               | CUSIP: 911365BR4<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   1785000 | PA      | $1856084.06   | 0.20%             | 2034-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                  | MVW 2024-1 LLC                                                                                                                 | CUSIP: 62847RAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     70787 | PA      | $72029.73     | 0.01%             | 2043-02-20      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                     | GS Mortgage Securities Corp Trust 2013-PEMB                                                                                    | CUSIP: 36197VAG3<br>LEI: 549300E4QCAQ0FY44H36 | Long             | ABS-MBS          | CORP              | US        |   3195000 | PA      | $631012.50    | 0.07%             | 2033-03-05      | Variable      | 3.67%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                          | BNP Paribas Issuance BV                                                                                                        | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | SN               | CORP              | NL        |     16352 | PA      | $460158.30    | 0.05%             | 2026-06-25      | Fixed         | 12.27%                | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                    | Boeing Co/The                                                                                                                  | CUSIP: 097023DR3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    330000 | PA      | $359407.92    | 0.04%             | 2031-05-01      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                         | Charter Communications Operating LLC / Charter Communications Operating Capital                                                | CUSIP: 161175CP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    465000 | PA      | $496897.66    | 0.05%             | 2034-02-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| MASTR Alternative Loans Trust                    | MASTR Alternative Loan Trust 2004-8                                                                                            | CUSIP: 576434UQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    268030 | PA      | $266999.78    | 0.03%             | 2034-09-25      | Fixed         | 6.00%                 | No            |                  3 | On Loan: No      |
| Palmer Square CLO Ltd                            | Palmer Square CLO 2024-2 LTD                                                                                                   | CUSIP: 69703LAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1650000 | PA      | $1654375.80   | 0.18%             | 2037-07-20      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| BINOM Securitization Trust                       | BINOM Securitization Trust 2022-RPL1                                                                                           | CUSIP: 05552CAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2315000 | PA      | $1920439.27   | 0.21%             | 2061-02-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                         | JH North America Holdings Inc                                                                                                  | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |   1478000 | PA      | $1513876.97   | 0.16%             | 2032-07-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MidOcean Credit CLO                              | Midocean Credit CLO XV Ltd                                                                                                     | CUSIP: 59801FAE3<br>LEI: 254900R5AXF91DYP1Y16 | Long             | ABS-CBDO         | CORP              | JE        |    600000 | PA      | $602149.20    | 0.06%             | 2037-07-21      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                        | IQVIA Inc 2025 Incremental Term Loan B5                                                                                        | CUSIP: 44969CBP4<br>LEI: 549300PLWY28YB00C717 | Long             | LON              | CORP              | US        |    739612 | PA      | $742754.85    | 0.08%             | 2031-01-02      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds             | Chile Government International Bonds                                                                                           | CUSIP: 168863EE4<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   2815000 | PA      | $2957579.75   | 0.32%             | 2037-01-13      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| SOLSTICE ADVANCED MTRIALS INC                    | SOLSTICE ADVANCED MTRIALS INC TERM LOAN B                                                                                      | CUSIP: 000000000<br>LEI: 2138004GZ4H9TW6HK435 | Long             | LON              | CORP              | US        |   1580000 | PA      | $1580995.40   | 0.17%             | 2032-09-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REMIC FUNDING TRUST 98-1                         | Redwood Funding Trust 2023-1                                                                                                   | CUSIP: 75806CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    321694 | PA      | $320614.94    | 0.03%             | 2059-07-25      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                   | Carvana Auto Receivables Trust 2024-N3                                                                                         | CUSIP: 14687WAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    320000 | PA      | $323401.60    | 0.03%             | 2030-12-10      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                          | Teva Pharmaceutical Finance Netherlands III BV                                                                                 | CUSIP: 88167AAF8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   7575000 | PA      | $5653299.01   | 0.61%             | 2046-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust              | New Residential Mortgage Loan Trust 2024-RTL1                                                                                  | CUSIP: 64831PAA3<br>LEI: 213800CVLC5IFCJL6C96 | Long             | ABS-MBS          | CORP              | US        |    785000 | PA      | $790925.02    | 0.09%             | 2039-03-25      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer III, LLC              | Compass Datacenters Issuer III LLC                                                                                             | CUSIP: 20469BAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    845000 | PA      | $856381.31    | 0.09%             | 2050-07-25      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| HELMERICH & PAYNE INC                            | Helmerich & Payne Inc                                                                                                          | CUSIP: 423452AN1<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | DBT              | CORP              | US        |   2175000 | PA      | $2131138.23   | 0.23%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |    788618 | PA      | $14786.59     | 0.00%             | 2029-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CARGILL INC                                      | Cargill Inc                                                                                                                    | CUSIP: 141781CC6<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |   3230000 | PA      | $3237292.02   | 0.35%             | 2028-02-11      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| Mastercard Inc                                   | Mastercard Inc                                                                                                                 | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       207 | NS      | $117743.67    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun Demeter Issuer LLC                        | Sunrun Demeter Issuer 2021-2 LLC                                                                                               | CUSIP: 86772HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    925335 | PA      | $832115.94    | 0.09%             | 2057-01-30      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                             | Bank of America Corp                                                                                                           | CUSIP: 06051GKL2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3160000 | PA      | $2952352.17   | 0.32%             | 2037-03-08      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                           | SLM Private Credit Student Loan Trust 2003-B                                                                                   | CUSIP: 78443CAP9<br>LEI: 549300BLEHJGFV7XSO25 | Long             | ABS-O            | CORP              | US        |     65000 | PA      | $64862.98     | 0.01%             | 2033-03-15      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust                | GLS Auto Select Receivables Trust 2024-2                                                                                       | CUSIP: 379924AJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $103873.80    | 0.01%             | 2031-08-15      | Fixed         | 6.37%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust            | Westlake Automobile Receivables Trust 2024-1                                                                                   | CUSIP: 96043RAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    290000 | PA      | $294175.71    | 0.03%             | 2029-02-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                     | Broadcom Inc                                                                                                                   | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |       180 | NS      | $59383.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                         | Warnermedia Holdings Inc                                                                                                       | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    270000 | PA      | $215408.70    | 0.02%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                         | JH North America Holdings Inc                                                                                                  | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $1050850.64   | 0.11%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CyrusOne Data Centers Issuer I LLC               | CyrusOne Data Centers Issuer I LLC                                                                                             | CUSIP: 23284BAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    755000 | PA      | $773127.55    | 0.08%             | 2050-02-20      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust    | JP Morgan Chase Commercial Mortgage Securities Trust 2025-BMS                                                                  | CUSIP: 46596CAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    295000 | PA      | $294431.83    | 0.03%             | 2042-01-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                   | Carvana Auto Receivables Trust 2023-N1                                                                                         | CUSIP: 14688FAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    265000 | PA      | $271047.49    | 0.03%             | 2029-07-10      | Fixed         | 6.69%                 | No            |                  2 | On Loan: No      |
| DataBank Issuer II, LLC                          | DataBank Issuer II LLC                                                                                                         | CUSIP: 23802YAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1535000 | PA      | $1540323.38   | 0.17%             | 2055-09-27      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                     | Entegris Inc                                                                                                                   | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |   1115000 | PA      | $1105436.31   | 0.12%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SUNAC CHINA HOLDINGS LTD                         | Sunac China Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | DBT              | CORP              | KY        |    403612 | PA      | $58717.47     | 0.01%             | 2025-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| 720 East CLO Ltd.                                | 720 East CLO V Ltd                                                                                                             | CUSIP: 81789MAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    975000 | PA      | $978980.93    | 0.11%             | 2037-07-20      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                         | Venture Global Calcasieu Pass LLC                                                                                              | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    815000 | PA      | $769236.20    | 0.08%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                         | Foundation Finance Trust 2024-2                                                                                                | CUSIP: 35040VAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    257858 | PA      | $262137.25    | 0.03%             | 2050-03-15      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                    | EchoStar Corp                                                                                                                  | CUSIP: 278768AB2<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    634600 | PA      | $1561116.00   | 0.17%             | 2030-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC         | Avis Budget Rental Car Funding AESOP LLC                                                                                       | CUSIP: 05377RJS4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    840000 | PA      | $860132.28    | 0.09%             | 2029-06-20      | Fixed         | 7.31%                 | No            |                  2 | On Loan: No      |
| CENTRAL CHN REAL ESTATE                          | Central China Real Estate Ltd                                                                                                  | CUSIP: 000000000<br>LEI: 549300JDML9PYG0CIJ22 | Long             | DBT              | CORP              | KY        |    410000 | PA      | $14350.00     | 0.00%             | 2024-08-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| YUZHOU GROUP                                     | Yuzhou Group Holdings Co Ltd                                                                                                   | CUSIP: 000000000<br>LEI: 213800MP59KHGJSPHE82 | Long             | DBT              | CORP              | KY        |   1241147 | PA      | $18145.57     | 0.00%             | 2031-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bausch & Lomb Corporation                        | Bausch & Lomb Corporation 2023 Incremental Term Loan                                                                           | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |    902901 | PA      | $901771.95    | 0.10%             | 2028-09-29      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                          | BNP Paribas Issuance BV                                                                                                        | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | SN               | CORP              | NL        |      4745 | PA      | $1007754.45   | 0.11%             | 2026-03-12      | Fixed         | 12.42%                | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                      | OCP CLO 2016-12 Ltd                                                                                                            | CUSIP: 67092RBC1<br>LEI: 254900U8BS6KLMI9K654 | Long             | ABS-CBDO         | CORP              | KY        |    795000 | PA      | $796272.80    | 0.09%             | 2037-10-18      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| New Economy Assets Phase 1 Issuer LLC            | New Economy Assets - Phase 1 Sponsor LLC                                                                                       | CUSIP: 643821AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    390000 | PA      | $325317.25    | 0.03%             | 2061-10-20      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK NA                          | JPMorgan Chase Bank NA                                                                                                         | CUSIP: 466303104<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | SN               | CORP              | US        |      4972 | PA      | $1197658.05   | 0.13%             | 2025-12-10      | None          | 14.92%                | No            |                  2 | On Loan: No      |
| MASTR Alternative Loans Trust                    | MASTR Alternative Loan Trust 2003-9                                                                                            | CUSIP: 576434KX1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     91979 | PA      | $91629.91     | 0.01%             | 2033-11-25      | Fixed         | 5.25%                 | No            |                  3 | On Loan: No      |
| Palmer Square BDC CLO Ltd                        | Palmer Square BDC CLO 1 Ltd                                                                                                    | CUSIP: 696928AC4<br>LEI: 254900LU0WIJ7Y0O9X14 | Long             | ABS-CBDO         | CORP              | KY        |   1945000 | PA      | $1956442.44   | 0.21%             | 2037-07-15      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                     | UBS Group AG                                                                                                                   | CUSIP: 225401BB3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1030000 | PA      | $1290452.59   | 0.14%             | 2033-11-15      | Fixed         | 9.02%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                         | Discovery Communications LLC                                                                                                   | CUSIP: 25470DBZ1<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    425000 | PA      | $390009.75    | 0.04%             | 2040-06-01      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                         | Foundation Finance Trust 2025-2                                                                                                | CUSIP: 35042NAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    780000 | PA      | $782013.96    | 0.08%             | 2052-04-15      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| EWC Master Issuer LLC                            | EWC Master Issuer LLC                                                                                                          | CUSIP: 26929HAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    193500 | PA      | $191056.37    | 0.02%             | 2052-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                | Iron Mountain Inc                                                                                                              | CUSIP: 46284VAN1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    645000 | PA      | $615669.21    | 0.07%             | 2031-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                       | LAD Auto Receivables Trust 2024-3                                                                                              | CUSIP: 505709AG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101273.58    | 0.01%             | 2032-02-17      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd                    | CoreVest American Finance 2019-2Trust                                                                                          | CUSIP: 21872GAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1152780 | PA      | $1120506.85   | 0.12%             | 2052-06-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| Garnet CLO Ltd                                   | Garnet CLO 2025-1 Ltd                                                                                                          | CUSIP: 36626AAD7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1765000 | PA      | $1776396.61   | 0.19%             | 2037-07-20      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust           | Santander Drive Auto Receivables Trust 2024-3                                                                                  | CUSIP: 80287LAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    955000 | PA      | $982444.79    | 0.11%             | 2031-10-15      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                            | GFL Environmental Inc                                                                                                          | CUSIP: 36168QAP9<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    515000 | PA      | $502438.84    | 0.05%             | 2029-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                      | Extended Stay America Trust 2025-ESH                                                                                           | CUSIP: 30227TAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    170000 | PA      | $170000.00    | 0.02%             | 2042-10-15      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trust                  | Republic Finance Issuance Trust 2024-A                                                                                         | CUSIP: 76041RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    435000 | PA      | $440321.05    | 0.05%             | 2032-08-20      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd                    | Corevest American Finance 2020-2 Trust                                                                                         | CUSIP: 21872VAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    245000 | PA      | $242871.98    | 0.03%             | 2052-05-15      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                           | PROCTER + GAMBLE CO/THE                                                                                                        | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -4 | NC      | $-34.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| AGL CLO Ltd.                                     | AGL Core CLO 36 Ltd                                                                                                            | CUSIP: 00121WAE3<br>LEI: 2549000U240BORO02Z85 | Long             | ABS-CBDO         | CORP              | KY        |    420000 | PA      | $420935.34    | 0.05%             | 2038-01-23      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| CHINA AOYUAN GROUP LTD                           | China Aoyuan Group Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 549300YSOKQO5QD6MP25 | Long             | DBT              | CORP              | KY        |     30180 | PA      | $469.60       | 0.00%             | 2028-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US 5YR NOTE (CBT) DEC25                                                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      2932 | NC      | $393110.84    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                                | Johnson & Johnson                                                                                                              | CUSIP: 478160DG6<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |   2895000 | PA      | $2927829.01   | 0.31%             | 2027-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                      | Extended Stay America Trust 2025-ESH                                                                                           | CUSIP: 30227TAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $200000.00    | 0.02%             | 2042-10-15      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories                              | Abbott Laboratories                                                                                                            | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |       276 | NS      | $36967.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BPR Trust                                        | BPR Trust 2021-NRD                                                                                                             | CUSIP: 05592CAQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2155000 | PA      | $2110100.58   | 0.23%             | 2038-12-15      | Floating      | 11.02%                | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                                                                                       | CUSIP: 20755CAB4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     45000 | PA      | $46040.72     | 0.00%             | 2043-10-25      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                   | Carvana Auto Receivables Trust 2023-N4                                                                                         | CUSIP: 14688LAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    125000 | PA      | $130187.59    | 0.01%             | 2030-02-11      | Fixed         | 7.22%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                     | CaixaBank SA                                                                                                                   | CUSIP: 12803RAM6<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    580000 | PA      | $594053.09    | 0.06%             | 2036-07-03      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                                                                                       | CUSIP: 20754EAB1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    255000 | PA      | $263480.31    | 0.03%             | 2043-07-25      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                            | Molina Healthcare Inc                                                                                                          | CUSIP: 60855RAJ9<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    585000 | PA      | $570517.51    | 0.06%             | 2028-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE / IRELAND DAC                          | Aircastle Ltd / Aircastle Ireland DAC                                                                                          | CUSIP: 00929JAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    460000 | PA      | $479195.57    | 0.05%             | 2031-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                 | CSC Holdings LLC                                                                                                               | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   2090000 | PA      | $1934834.01   | 0.21%             | 2028-05-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                   | NRG Energy Inc 2024 Term Loan                                                                                                  | CUSIP: 62937NBC0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | LON              | CORP              | US        |   4180646 | PA      | $4179349.57   | 0.45%             | 2031-04-16      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD                               | Leviathan Bond Ltd                                                                                                             | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |    115000 | PA      | $115224.25    | 0.01%             | 2027-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                          | Romanian Government International Bond                                                                                         | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   2775000 | PA      | $3336182.23   | 0.36%             | 2032-07-11      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| RFS Asset Securitization II LLC                  | RFS Asset Securitization II LLC                                                                                                | CUSIP: 74969DAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    645000 | PA      | $657048.15    | 0.07%             | 2031-07-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                        | BPR Trust 2022-SSP                                                                                                             | CUSIP: 05602HAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1925000 | PA      | $1931288.21   | 0.21%             | 2039-05-15      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited                 | Bain Capital Credit CLO 2020-1 Ltd                                                                                             | CUSIP: 05684DBC6<br>LEI: 2549007DKQFBF2N6NR86 | Long             | ABS-CBDO         | CORP              | KY        |   1045000 | PA      | $1045790.02   | 0.11%             | 2033-04-18      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| GLOBAL AUTO HO/AAG FH UK                         | Global Auto Holdings Ltd/AAG FH UK Ltd                                                                                         | CUSIP: 00033YAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   1435000 | PA      | $1513925.00   | 0.16%             | 2029-08-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| SunRun Athena Issuer                             | Sunrun Athena Issuer 2018-1 LLC                                                                                                | CUSIP: 86772DAA4<br>LEI: 5493001ZI15Y2FZFMI30 | Long             | ABS-O            | CORP              | US        |    665208 | PA      | $644112.32    | 0.07%             | 2049-04-30      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust                              | DT Auto Owner Trust 2022-2                                                                                                     | CUSIP: 23345AAG8<br>LEI: 549300XVMF0FUK76JG97 | Long             | ABS-O            | CORP              | US        |   2187143 | PA      | $2193703.26   | 0.24%             | 2028-03-15      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                         | Republic of South Africa Government Bond                                                                                       | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        | 242300000 | PA      | $12907730.12  | 1.39%             | 2037-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Volofin Finance Designated Activity Company      | Volofin Finance Designated Activity Co                                                                                         | CUSIP: 92873RAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    297767 | PA      | $305633.24    | 0.03%             | 2037-06-15      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |    394309 | PA      | $9857.73      | 0.00%             | 2027-12-28      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Trust 2025-VLT7                                                                                                             | CUSIP: 123913AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1260000 | PA      | $1262654.82   | 0.14%             | 2044-07-15      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US 10YR FUT OPTN OCT25P 111.2                                                                                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      1275 | NC      | $1275.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |   1774390 | PA      | $19961.89     | 0.00%             | 2031-12-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                         | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                                                                      | CUSIP: 00774MBP9<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    730000 | PA      | $754993.73    | 0.08%             | 2031-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust            | Wells Fargo Commercial Mortgage Trust 2016-C36                                                                                 | CUSIP: 95000MBV2<br>LEI: 549300BSYX29G4VVM177 | Long             | ABS-MBS          | CORP              | US        |    440000 | PA      | $384617.64    | 0.04%             | 2059-11-15      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Garnet CLO Ltd                                   | Garnet CLO 2 Ltd                                                                                                               | CUSIP: 36626CAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1320000 | PA      | $1324620.00   | 0.14%             | 2038-10-20      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS II LLC                            | QTS Issuer ABS II LLC                                                                                                          | CUSIP: 74690FAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    715000 | PA      | $710544.12    | 0.08%             | 2055-10-05      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                          | Royal Caribbean Cruises Ltd                                                                                                    | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    700000 | PA      | $713775.74    | 0.08%             | 2031-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC         | Avis Budget Rental Car Funding AESOP LLC                                                                                       | CUSIP: 05377RJL9<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    940000 | PA      | $969039.23    | 0.10%             | 2030-12-20      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                     | Centene Corp                                                                                                                   | CUSIP: 15135BAV3<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   1040000 | PA      | $956474.42    | 0.10%             | 2030-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust                           | Marlette Funding Trust 2023-4                                                                                                  | CUSIP: 57108UAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    910000 | PA      | $942509.75    | 0.10%             | 2033-12-15      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| GoodLeap Home Improvement Solutions Trust        | GoodLeap Home Improvement Solutions Trust 2024-1                                                                               | CUSIP: 381935AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    147735 | PA      | $150610.09    | 0.02%             | 2046-10-20      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd                    | CAFL 2023-RTL1 Issuer LLC                                                                                                      | CUSIP: 124762AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    730000 | PA      | $733291.72    | 0.08%             | 2030-12-28      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                     | UBS Group AG                                                                                                                   | CUSIP: 902613BR8<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1445000 | PA      | $1452732.20   | 0.16%             | 2030-08-05      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                         | Foundation Finance Trust 2023-2                                                                                                | CUSIP: 35042RAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    126586 | PA      | $135498.06    | 0.01%             | 2049-06-15      | Fixed         | 9.10%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                          | Teva Pharmaceutical Finance Netherlands III BV                                                                                 | CUSIP: 88167AAS0<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    435000 | PA      | $474713.33    | 0.05%             | 2029-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                 | CIFC Funding 2021-IV Ltd                                                                                                       | CUSIP: 12547DAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    290000 | PA      | $290725.00    | 0.03%             | 2037-07-23      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS INC                                | Cisco Systems Inc                                                                                                              | CUSIP: 17275RBW1<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |   3255000 | PA      | $3305049.08   | 0.36%             | 2028-02-24      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| CENTRAL CHN REAL ESTATE                          | Central China Real Estate Ltd                                                                                                  | CUSIP: 000000000<br>LEI: 549300JDML9PYG0CIJ22 | Long             | DBT              | CORP              | KY        |    625000 | PA      | $20368.75     | 0.00%             | 2024-05-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                  | Golub Capital CLO 82 B Ltd                                                                                                     | CUSIP: 38181TAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    770000 | PA      | $770331.87    | 0.08%             | 2038-10-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| NETAPP INC                                       | NetApp Inc                                                                                                                     | CUSIP: 64110DAM6<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | DBT              | CORP              | US        |    670000 | PA      | $697097.21    | 0.07%             | 2032-03-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FIN IV                                | Teva Pharmaceutical Finance Netherlands IV BV                                                                                  | CUSIP: 881937AA4<br>LEI: 549300GKSD1RG56QRY33 | Long             | DBT              | CORP              | NL        |    720000 | PA      | $741534.48    | 0.08%             | 2030-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| YUZHOU GROUP HOLDINGS CCASS 29                   | YUZHOU GROUP HOLDINGS CCASS 29                                                                                                 | CUSIP: 000000000<br>LEI: 213800MP59KHGJSPHE82 | Long             | EC               | CORP              | HK        |    430338 | NS      | $14101.37     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                              | General Electric Co                                                                                                            | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |       129 | NS      | $38805.78     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CEMEX SAB DE CV                                  | Cemex SAB de CV                                                                                                                | CUSIP: 151290CA9<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |   2330000 | PA      | $2320317.92   | 0.25%             | 2026-06-08      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                            | Bausch Health Cos Inc                                                                                                          | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   1495000 | PA      | $1338025.00   | 0.14%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Deere & Co                                       | Deere & Co                                                                                                                     | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |       117 | NS      | $53499.42     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG CLO Ltd                                      | TPG CLO 2025-1 Ltd                                                                                                             | CUSIP: 87268JAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1350000 | PA      | $1351323.00   | 0.15%             | 2037-07-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| EquipmentShare                                   | OWN Equipment Fund I LLC                                                                                                       | CUSIP: 69121NAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    708666 | PA      | $721281.56    | 0.08%             | 2032-12-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Borrower LLC              | Hilton Grand Vacations Borrower LLC 2024 Incremental Term Loan B                                                               | CUSIP: 43283LAK7<br>LEI: 254900HF0EZ734FDVY79 | Long             | LON              | CORP              | US        |    584097 | PA      | $583185.55    | 0.06%             | 2031-01-17      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                         | Brazil Notas do Tesouro Nacional Serie F                                                                                       | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |  25837000 | PA      | $4369879.47   | 0.47%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust                | GLS Auto Select Receivables Trust 2024-2                                                                                       | CUSIP: 379924AG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105000 | PA      | $108020.48    | 0.01%             | 2030-06-17      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                 | Duke Energy Corp                                                                                                               | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |       822 | NS      | $101722.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PRP Advisors, LLC                                | PRPM 2024-5 LLC                                                                                                                | CUSIP: 69381KAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1650000 | PA      | $1651243.11   | 0.18%             | 2029-09-25      | Variable      | 9.08%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                           | Marriott International Inc/MD                                                                                                  | CUSIP: 571903BU6<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   1535000 | PA      | $1568676.09   | 0.17%             | 2037-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                              | CDW LLC / CDW Finance Corp                                                                                                     | CUSIP: 12513GBF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2410000 | PA      | $2308252.50   | 0.25%             | 2029-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC      | BBCMS 2020-BID Mortgage Trust                                                                                                  | CUSIP: 05493BAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2995000 | PA      | $2994064.06   | 0.32%             | 2037-10-15      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                           | VICI Properties LP / VICI Note Co Inc                                                                                          | CUSIP: 92564RAL9<br>LEI: N/A                  | Long             | DBT              |  | US        |   1180000 | PA      | $1152079.73   | 0.12%             | 2029-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                         | Charter Communications Operating LLC / Charter Communications Operating Capital                                                | CUSIP: 161175CR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    940000 | PA      | $1001773.63   | 0.11%             | 2034-06-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                | Credit Acceptance Auto Loan Trust 2024-3                                                                                       | CUSIP: 22535LAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    260000 | PA      | $262761.07    | 0.03%             | 2035-01-16      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                         | Citigroup Global Markets Holdings Inc/United States                                                                            | CUSIP: 17332B520<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |      1186 | PA      | $917618.14    | 0.10%             | 2025-10-02      | Fixed         | 17.15%                | No            |                  2 | On Loan: No      |
| OHA Loan Funding Ltd                             | OHA Loan Funding 2015-1 Ltd                                                                                                    | CUSIP: 67109BDN1<br>LEI: 25490072LQI0R2J4XC93 | Long             | ABS-CBDO         | CORP              | KY        |    960000 | PA      | $962870.40    | 0.10%             | 2038-10-19      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| SOLRR Aircraft 2021-1 Limited                    | Lunar 2021-1 Structured Aircraft Portfolio Notes                                                                               | CUSIP: 83438LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IE        |    641177 | PA      | $605732.14    | 0.07%             | 2046-10-15      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| Global SC Finance SRL                            | Global SC Finance X Ltd                                                                                                        | CUSIP: 37893FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    635000 | PA      | $634646.31    | 0.07%             | 2045-09-22      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS INC                               | United Rentals Inc 2025 Repriced Term Loan B                                                                                   | CUSIP: 91136EAN5<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | LON              | CORP              | US        |    334152 | PA      | $335508.56    | 0.04%             | 2031-02-14      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust            | Wells Fargo Commercial Mortgage Trust 2016-C36                                                                                 | CUSIP: 95000MBU4<br>LEI: 549300BSYX29G4VVM177 | Long             | ABS-MBS          | CORP              | US        |   1690000 | PA      | $1589666.39   | 0.17%             | 2059-11-15      | Variable      | 3.67%                 | No            |                  2 | On Loan: No      |
| SUNAC CHINA HOLDINGS LTD                         | Sunac China Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | DBT              | CORP              | KY        |   1219670 | PA      | $182682.17    | 0.02%             | 2028-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                         | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc                                                      | CUSIP: 43283QAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    765000 | PA      | $776975.31    | 0.08%             | 2032-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                          | BNP Paribas Issuance BV                                                                                                        | CUSIP: 937ZBF907<br>LEI: 7245009UXRIGIRYOBR48 | Long             | SN               | CORP              | NL        |      3912 | PA      | $1073060.85   | 0.12%             | 2026-03-26      | Fixed         | 12.71%                | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                             | Birch Grove CLO 6 Ltd                                                                                                          | CUSIP: 09077FAL9<br>LEI: 254900HENKWLW4T9SW86 | Long             | ABS-CBDO         | CORP              | JE        |    530000 | PA      | $531302.74    | 0.06%             | 2037-07-20      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                         | Capital One Financial Corp                                                                                                     | CUSIP: 14040HDN2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    905000 | PA      | $895046.32    | 0.10%             | 2036-09-11      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD                         | Macquarie Airfinance Holdings Ltd                                                                                              | CUSIP: 55609NAF5<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |    920000 | PA      | $935676.33    | 0.10%             | 2028-03-27      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SLAM LLC                                         | Slam Ltd                                                                                                                       | CUSIP: 83100AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    693187 | PA      | $700399.79    | 0.08%             | 2049-09-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Kapitus Asset Securitization LLC                 | Kapitus Asset Securitization IV LLC                                                                                            | CUSIP: 48555MAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    180000 | PA      | $180623.34    | 0.02%             | 2031-09-10      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                    | ZF North America Capital Inc                                                                                                   | CUSIP: 98877DAE5<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    560000 | PA      | $554551.20    | 0.06%             | 2030-04-14      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Textron Financial Corp                           | Textron Financial Corp                                                                                                         | CUSIP: 883199AR2<br>LEI: 4E8B2CNXPE5P5AY03O18 | Long             | DBT              | CORP              | US        |   2830000 | PA      | $2549462.10   | 0.27%             | 2042-02-15      | Variable      | 6.21%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                            | Directv Financing LLC                                                                                                          | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $371891.25    | 0.04%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                         | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                                                                      | CUSIP: 00774MAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1015000 | PA      | $911987.02    | 0.10%             | 2033-10-29      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                              | Synchrony Financial                                                                                                            | CUSIP: 87165BAX1<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    905000 | PA      | $912802.93    | 0.10%             | 2029-07-29      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Trans Union LLC                                  | Trans Union LLC 2024 Term Loan B8                                                                                              | CUSIP: 89334GBF0<br>LEI: X8NPN6PWJOM1QCTYFV34 | Long             | LON              | CORP              | US        |   3216720 | PA      | $3213599.43   | 0.35%             | 2031-06-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CarMax Select Receivables Trust                  | Carmax Select Receivables Trust 2025-B                                                                                         | CUSIP: 14320BAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1720000 | PA      | $1712640.12   | 0.18%             | 2031-07-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Applebees/IHOP Funding LLC                       | Applebee's Funding LLC / IHOP Funding LLC                                                                                      | CUSIP: 03789XAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1510000 | PA      | $1536277.32   | 0.17%             | 2053-03-05      | Fixed         | 7.82%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                           | Marriott International Inc/MD                                                                                                  | CUSIP: 571903BQ5<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    690000 | PA      | $708710.12    | 0.08%             | 2034-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Altde Trust                                      | ALTDE 2025-1 Trust                                                                                                             | CUSIP: 00166NAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    687804 | PA      | $704938.50    | 0.08%             | 2050-08-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Philippines Government International Bonds       | Philippines Government International Bonds                                                                                     | CUSIP: 718286CL9<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |   1000000 | PA      | $673742.98    | 0.07%             | 2045-12-10      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Trust 2024-VLT4                                                                                                             | CUSIP: 05612TAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    530000 | PA      | $530331.25    | 0.06%             | 2041-06-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| SOLSTICE ADVANCED MATERI                         | Solstice Advanced Materials Inc                                                                                                | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |   1074000 | PA      | $1077548.36   | 0.12%             | 2033-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                 | Societe Generale SA                                                                                                            | CUSIP: 83368RCK6<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   2185000 | PA      | $2179340.11   | 0.23%             | 2036-10-03      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                       | Affirm Asset Securitization Trust 2024-A                                                                                       | CUSIP: 00834BAJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100592.68    | 0.01%             | 2029-02-15      | Fixed         | 6.89%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES                            | Continental Resources Inc/OK                                                                                                   | CUSIP: 212015AT8<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |   4195000 | PA      | $4326027.39   | 0.47%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| YUZHOU GROUP                                     | Yuzhou Group Holdings Co Ltd                                                                                                   | CUSIP: 000000000<br>LEI: 213800MP59KHGJSPHE82 | Long             | DBT              | CORP              | KY        |    358474 | PA      | $1950.10      | 0.00%             | 2034-06-30      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                     | GS Mortgage Securities Corp Trust 2012-TMSQ                                                                                    | CUSIP: 36197QAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    567229 | PA      | $558538.57    | 0.06%             | 2031-04-10      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds             | Chile Government International Bonds                                                                                           | CUSIP: 168863DY1<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    840000 | PA      | $741804.00    | 0.08%             | 2042-03-07      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                          | Jefferies Financial Group Inc                                                                                                  | CUSIP: 47233WEJ4<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |   2015000 | PA      | $2142340.99   | 0.23%             | 2034-04-14      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Limited              | TMCL VII Holdings Ltd                                                                                                          | CUSIP: 87257FAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | BM        |   2913799 | PA      | $2925148.31   | 0.31%             | 2050-07-23      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust    | Bridgecrest Lending Auto Securitization Trust 2024-2                                                                           | CUSIP: 10805MAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    875000 | PA      | $897925.00    | 0.10%             | 2030-02-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| FLUTTER FINANCING BV                             | Flutter Financing BV 2025 Term Loan B                                                                                          | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |   1496250 | PA      | $1493347.28   | 0.16%             | 2032-06-04      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Commercial Mortgage Trust 2024-VLT5                                                                                         | CUSIP: 05614JAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $102707.61    | 0.01%             | 2046-11-13      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |    492908 | PA      | $9242.03      | 0.00%             | 2027-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BasePoint MCA Securitization LLC                 | Basepoint Mca Securitization II LLC                                                                                            | CUSIP: 06983XAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1070000 | PA      | $1068708.51   | 0.11%             | 2031-08-15      | Fixed         | 11.79%                | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                 | CSC Holdings LLC                                                                                                               | CUSIP: 126307BF3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $1418879.44   | 0.15%             | 2031-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                              | Synchrony Financial                                                                                                            | CUSIP: 87165BAW3<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    440000 | PA      | $448344.97    | 0.05%             | 2031-03-06      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ADD HERO HOLDINGS                                | Add Hero Holdings Ltd                                                                                                          | CUSIP: 000000000<br>LEI: 254900WMSDP48LFA7478 | Long             | DBT              | CORP              | VG        |    245238 | PA      | $3985.11      | 0.00%             | 2031-09-30      | Fixed         | 9.80%                 | No            |                  2 | On Loan: No      |
| Fixed Income Clearing Corp                       | FIXED INC CLEARING CORP.REPO                                                                                                   | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |  34273023 | PA      | $34273023.26  | 3.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                   | Mariner Finance Issuance Trust 2024-A                                                                                          | CUSIP: 567928AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    110000 | PA      | $112889.91    | 0.01%             | 2036-09-22      | Fixed         | 6.77%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                       | Affirm Asset Securitization Trust 2024-X2                                                                                      | CUSIP: 00833QAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    130000 | PA      | $130836.16    | 0.01%             | 2029-12-17      | Fixed         | 6.08%                 | No            |                  2 | On Loan: No      |
| OHA Credit Partners Ltd                          | OHA Credit Partners XI Ltd                                                                                                     | CUSIP: 67109FAY1<br>LEI: 549300OYGEU6QQMCEG78 | Long             | ABS-CBDO         | CORP              | KY        |    485000 | PA      | $486634.94    | 0.05%             | 2037-04-20      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust    | JP Morgan Chase Commercial Mortgage Securities Trust 2025-BMS                                                                  | CUSIP: 46596CAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    640000 | PA      | $636858.88    | 0.07%             | 2042-01-15      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| BGC GROUP INC                                    | BGC Group Inc                                                                                                                  | CUSIP: 05555LAC5<br>LEI: 2549001IGRCG4F0RLD36 | Long             | DBT              | CORP              | US        |    500000 | PA      | $512266.02    | 0.06%             | 2030-04-02      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| YUZHOU GROUP                                     | Yuzhou Group Holdings Co Ltd                                                                                                   | CUSIP: 000000000<br>LEI: 213800MP59KHGJSPHE82 | Long             | DBT              | CORP              | KY        |    884785 | PA      | $18978.64     | 0.00%             | 2030-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Emerson Electric Co                              | Emerson Electric Co                                                                                                            | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |       620 | NS      | $81331.60     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| STREAM INNOVATIONS ISSUER TRUST                  | Stream Innovations 2025-1 Issuer Trust                                                                                         | CUSIP: 86324XAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    874398 | PA      | $888628.45    | 0.10%             | 2045-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                         | Sensata Technologies Inc                                                                                                       | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |   2155000 | PA      | $1988803.60   | 0.21%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MidOcean Credit CLO                              | Midocean Credit Clo XXI                                                                                                        | CUSIP: 597924AA7<br>LEI: 254900LHC18VUV4A5266 | Long             | ABS-CBDO         | CORP              | KY        |    775000 | PA      | $775338.68    | 0.08%             | 2038-10-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                          | Dryden 64 CLO Ltd                                                                                                              | CUSIP: 26251LAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250148.25    | 0.03%             | 2031-04-18      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| Simon Property Group Inc                         | Simon Property Group Inc                                                                                                       | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |       470 | NS      | $88204.90     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust            | Wells Fargo Commercial Mortgage Trust 2013-LC12                                                                                | CUSIP: 94988QAQ4<br>LEI: 549300V2DF3KW9L1CV04 | Long             | ABS-MBS          | CORP              | US        |    108058 | PA      | $104816.24    | 0.01%             | 2046-07-15      | Variable      | 3.91%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                            | CUSIP: 91282CKH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  27660000 | PA      | $27748598.30  | 2.98%             | 2026-03-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Arixa Mortgage Trust                             | Arixa Mortgage Trust 2025-RTL1                                                                                                 | CUSIP: 04046BAA1<br>LEI: 254900Q4SU6C9E56ZJ68 | Long             | ABS-MBS          | CORP              | US        |    460000 | PA      | $462566.80    | 0.05%             | 2030-08-25      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                | Barclays Bank PLC                                                                                                              | CUSIP: 06748N814<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |      6076 | PA      | $886152.57    | 0.10%             | 2026-08-21      | Fixed         | 9.57%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                            | Freedom Mortgage Holdings LLC                                                                                                  | CUSIP: 35641AAD0<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    780000 | PA      | $803538.06    | 0.09%             | 2033-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                           | Republic of Uzbekistan International Bond                                                                                      | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    480000 | PA      | $443210.57    | 0.05%             | 2030-11-25      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |    295753 | PA      | $7393.83      | 0.00%             | 2025-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                       | Flagship Credit Auto Trust 2023-1                                                                                              | CUSIP: 337955AJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    275000 | PA      | $272468.87    | 0.03%             | 2029-05-15      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| Aimco                                            | AIMCO CLO 10 Ltd                                                                                                               | CUSIP: 00901AAU1<br>LEI: 5493004I93856WYBB035 | Long             | ABS-CBDO         | CORP              | KY        |   2335000 | PA      | $2343688.54   | 0.25%             | 2037-07-22      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| AGILE GROUP HOLDINGS LTD                         | Agile Group Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 549300ZRISRT38EEYY07 | Long             | DBT              | CORP              | KY        |    540000 | PA      | $30801.60     | 0.00%             | 2025-04-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                       | MFA 2024-NPL1 Trust                                                                                                            | CUSIP: 58004YAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    537799 | PA      | $538453.83    | 0.06%             | 2054-09-25      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                       | Affirm Asset Securitization Trust 2024-A                                                                                       | CUSIP: 00834BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    240000 | PA      | $241060.08    | 0.03%             | 2029-02-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Wellfleet CLO Ltd                                | Wellfleet CLO 2022-1 Ltd                                                                                                       | CUSIP: 94950TAW9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1660000 | PA      | $1663486.00   | 0.18%             | 2037-07-15      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                            | Venture Global Plaquemines LNG LLC                                                                                             | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1895000 | PA      | $2093993.95   | 0.23%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US 5YR FUTR OPTN OCT25C 110.7                                                                                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -975 | NC      | $-7617.68     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Ascent Education Funding Trust                   | Ascent Education Funding Trust 2024-A                                                                                          | CUSIP: 04362VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    121709 | PA      | $124741.52    | 0.01%             | 2050-10-25      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| YUZHOU GROUP                                     | Yuzhou Group Holdings Co Ltd                                                                                                   | CUSIP: 000000000<br>LEI: 213800MP59KHGJSPHE82 | Long             | DBT              | CORP              | KY        |    448995 | PA      | $57466.87     | 0.01%             | 2027-06-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Frontier Issuer LLC                              | Frontier Issuer LLC                                                                                                            | CUSIP: 35910EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2800000 | PA      | $2838959.20   | 0.31%             | 2053-08-20      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                          | Teva Pharmaceutical Finance Netherlands III BV                                                                                 | CUSIP: 88167AAR2<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    305000 | PA      | $348727.24    | 0.04%             | 2031-09-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US 2YR NOTE (CBT) DEC25                                                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |     -1391 | NC      | $-156342.84   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Rockford Tower CLO Ltd                           | Rockford Tower CLO 2017-2 Ltd                                                                                                  | CUSIP: 77340GAN1<br>LEI: 549300G18KVCW7VUKI86 | Long             | ABS-CBDO         | CORP              | KY        |   2565000 | PA      | $2569677.79   | 0.28%             | 2029-10-15      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| NFAS, Llc                                        | NFAS3 LLC                                                                                                                      | CUSIP: 62909DAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    710000 | PA      | $719114.98    | 0.08%             | 2031-05-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                   | Morgan Stanley                                                                                                                 | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |       771 | NS      | $122558.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Auto Receivables Trust                   | Carvana Auto Receivables Trust 2024-P1                                                                                         | CUSIP: 14688NAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    209000 | PA      | $215924.84    | 0.02%             | 2031-03-10      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                           | UNITEDHEALTH GROUP INC                                                                                                         | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -2 | NC      | $-1110.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                           | SAP SE                                                                                                                         | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |       419 | NS      | $111960.99    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TRINET GROUP INC                                 | TriNet Group Inc                                                                                                               | CUSIP: 896288AA5<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |    815000 | PA      | $762296.80    | 0.08%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CITADEL LP                                       | Citadel LP                                                                                                                     | CUSIP: 17288XAD6<br>LEI: 549300IPM6EKPVUPFL67 | Long             | DBT              | CORP              | US        |    315000 | PA      | $327405.20    | 0.04%             | 2030-01-23      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WF-RBS Commercial Mortgage Trust                 | WFRBS Commercial Mortgage Trust 2011-C4                                                                                        | CUSIP: 92936CAY5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1699593 | PA      | $1601543.48   | 0.17%             | 2044-06-15      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                     | Hilton Grand Vacations Trust 2022-1D                                                                                           | CUSIP: 43283BAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     32899 | PA      | $32821.44     | 0.00%             | 2034-06-20      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                | Barclays Bank PLC                                                                                                              | CUSIP: 06748N582<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |     27240 | PA      | $958516.52    | 0.10%             | 2026-04-29      | Fixed         | 20.38%                | No            |                  2 | On Loan: No      |
| BOEING CO                                        | Boeing Co/The                                                                                                                  | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1265000 | PA      | $1298086.80   | 0.14%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| NETAPP INC                                       | NetApp Inc                                                                                                                     | CUSIP: 64110DAN4<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | DBT              | CORP              | US        |    595000 | PA      | $621972.19    | 0.07%             | 2035-03-17      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                        | Boeing Co/The                                                                                                                  | CUSIP: 097023CX1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69929.65     | 0.01%             | 2060-05-01      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                         | Uruguay Government International Bond                                                                                          | CUSIP: 760942BF8<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |  35915000 | PA      | $987709.80    | 0.11%             | 2033-07-20      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                | Barclays Bank PLC                                                                                                              | CUSIP: 06748N475<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |       808 | PA      | $750240.00    | 0.08%             | 2026-03-09      | Fixed         | 13.61%                | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US 10YR FUT OPTN OCT25P 110.5                                                                                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |     -2550 | NC      | $-2550.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| China Aoyuan Group Ltd                           | China Aoyuan Group Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 549300YSOKQO5QD6MP25 | Long             | EC               | CORP              | KY        |     84422 | NS      | $1247.61      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                     | UBS Group AG                                                                                                                   | CUSIP: 902613BH0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    865000 | PA      | $911285.68    | 0.10%             | 2035-02-08      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                           | EXXON MOBIL CORP                                                                                                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -5 | NC      | $-605.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| GLS Auto Select Receivables Trust                | GLS Auto Select Receivables Trust 2024-4                                                                                       | CUSIP: 36271BAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101732.58    | 0.01%             | 2031-10-15      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                      | OCP CLO 2020-18 Ltd                                                                                                            | CUSIP: 671078AW3<br>LEI: 254900MN6N176YEZLX15 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002557.00   | 0.11%             | 2037-07-20      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Accelerated Assets LLC                           | Accelerated Assets 2018-1 LLC                                                                                                  | CUSIP: 00436MAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    121703 | PA      | $120471.92    | 0.01%             | 2033-12-02      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| YUZHOU GROUP                                     | Yuzhou Group Holdings Co Ltd                                                                                                   | CUSIP: 000000000<br>LEI: 213800MP59KHGJSPHE82 | Long             | DBT              | CORP              | KY        |    380678 | PA      | $13788.14     | 0.00%             | 2028-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ASPLUNDH TREE EXPERT LLC                         | Asplundh Tree Expert LLC 2024 Incremental Term Loan B                                                                          | CUSIP: 04538FAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3216720 | PA      | $3214982.59   | 0.35%             | 2031-05-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                       | Navient Private Education Refi Loan Trust 2020-D                                                                               | CUSIP: 63941HAB8<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |    320000 | PA      | $283789.54    | 0.03%             | 2069-05-15      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                    | Boeing Co/The                                                                                                                  | CUSIP: 097023DU6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    485000 | PA      | $561461.87    | 0.06%             | 2064-05-01      | Fixed         | 7.01%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |    788618 | PA      | $14786.59     | 0.00%             | 2028-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPCO/FINCO                              | Go Daddy Operating Co LLC / GD Finance Co Inc                                                                                  | CUSIP: 38016LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    680000 | PA      | $678798.58    | 0.07%             | 2027-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                           | SALESFORCE INC                                                                                                                 | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -2 | NC      | $-56.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| TARGA RESOURCES CORP                             | Targa Resources Corp                                                                                                           | CUSIP: 87612GAC5<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26586.48     | 0.00%             | 2033-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                         | 1011778 BC ULC / New Red Finance Inc                                                                                           | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2080000 | PA      | $1960240.67   | 0.21%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                          | Mexican Bonos                                                                                                                  | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |  89500000 | PA      | $4694015.62   | 0.50%             | 2038-11-18      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AGILE GROUP HOLDINGS LTD                         | Agile Group Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 549300ZRISRT38EEYY07 | Long             | DBT              | CORP              | KY        |   1540000 | PA      | $87610.60     | 0.01%             | 2025-10-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                           | First Brands Group LLC 2022 Incremental Term Loan                                                                              | CUSIP: 31935HAG2<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |    453000 | PA      | $159542.07    | 0.02%             | 2027-03-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                             | Birch Grove CLO 13 Ltd                                                                                                         | CUSIP: 09090QAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1660000 | PA      | $1664785.78   | 0.18%             | 2038-10-23      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                           | Republic of Uzbekistan International Bond                                                                                      | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |   1670000 | PA      | $1533916.29   | 0.16%             | 2031-10-19      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                       | Progress Residential 2021-SFR5 Trust                                                                                           | CUSIP: 74333FAF6<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $391000.28    | 0.04%             | 2038-07-17      | Fixed         | 2.36%                 | No            |                  2 | On Loan: No      |
| Sunrun Issuer                                    | Sunrun Atlas Issuer 2019-2 LLC                                                                                                 | CUSIP: 86772FAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1069837 | PA      | $1023066.39   | 0.11%             | 2055-02-01      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                         | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                                                                 | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $715702.85    | 0.08%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                                    | AppLovin Corp                                                                                                                  | CUSIP: 03831WAD0<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |   3620000 | PA      | $3736731.35   | 0.40%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK NA                          | JPMorgan Chase Bank NA                                                                                                         | CUSIP: 4662AA570<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | SN               | CORP              | US        |     18656 | PA      | $1070239.50   | 0.12%             | 2026-04-06      | Fixed         | 12.28%                | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                   | Whirlpool Corp                                                                                                                 | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    255000 | PA      | $256997.22    | 0.03%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization Equity Trust      | AASET 2025-1                                                                                                                   | CUSIP: 00258PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    339671 | PA      | $349909.86    | 0.04%             | 2050-02-16      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                            | Directv Financing LLC                                                                                                          | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $691404.92    | 0.07%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| CFLD CAYMAN INVESTMENT                           | CFLD Cayman Investment Ltd                                                                                                     | CUSIP: 000000000<br>LEI: 3003006ZC30FH27GHL08 | Long             | DBT              | CORP              | KY        |   1258407 | PA      | $37752.21     | 0.00%             | 2031-01-31      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Apple Inc                                        | Apple Inc                                                                                                                      | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |       477 | NS      | $121458.51    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Anchorage Capital CLO LTD                        | Anchorage Capital CLO 6 Ltd                                                                                                    | CUSIP: 03328QBW0<br>LEI: 54930064GO7DB3TVDY21 | Long             | ABS-CBDO         | CORP              | KY        |    890000 | PA      | $893115.00    | 0.10%             | 2038-07-22      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Springcastle SPV                                 | SpringCastle America Funding LLC                                                                                               | CUSIP: 85022WAP9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    783169 | PA      | $745315.70    | 0.08%             | 2037-09-25      | Fixed         | 1.97%                 | No            |                  2 | On Loan: No      |
| Aramark Services Inc                             | Aramark Services Inc 2024 Term Loan B8                                                                                         | CUSIP: 03852JAV3<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | LON              | CORP              | US        |   1404416 | PA      | $1405876.83   | 0.15%             | 2030-06-22      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                     | Drive Auto Receivables Trust 2024-1                                                                                            | CUSIP: 26208WAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    255000 | PA      | $259171.55    | 0.03%             | 2031-11-17      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| Credit Suisse First Boston Mortgage Securities   | CSFB Mortgage-Backed Pass-Through Certificates Series 2003-27                                                                  | CUSIP: 22541QL75<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     87153 | PA      | $89744.91     | 0.01%             | 2033-11-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                            | CUSIP: 91282CLB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    825000 | PA      | $828957.42    | 0.09%             | 2026-07-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                         | Citigroup Global Markets Holdings Inc/United States                                                                            | CUSIP: 17332B504<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |      1211 | PA      | $861382.65    | 0.09%             | 2025-10-15      | Fixed         | 20.67%                | No            |                  2 | On Loan: No      |
| Banc of America Funding Corporation              | Banc of America Funding 2005-7 Trust                                                                                           | CUSIP: 05946XS61<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    131477 | PA      | $132676.25    | 0.01%             | 2035-11-25      | Fixed         | 5.75%                 | No            |                  3 | On Loan: No      |
| Northwoods Capital 20 Ltd                        | Northwoods Capital 20 Ltd                                                                                                      | CUSIP: 66860TBE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    625000 | PA      | $624643.75    | 0.07%             | 2038-10-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| ZHENRO PROPERTIES GROUP                          | Zhenro Properties Group Ltd                                                                                                    | CUSIP: 000000000<br>LEI: 549300I66TVJEL841P38 | Long             | DBT              | CORP              | KY        |   1360000 | PA      | $3345.60      | 0.00%             | 2026-01-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust            | Westlake Automobile Receivables Trust 2023-4                                                                                   | CUSIP: 96041AAN6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    815000 | PA      | $847849.88    | 0.09%             | 2029-07-16      | Fixed         | 7.19%                 | No            |                  2 | On Loan: No      |
| TURKIYE GOVERNMENT BOND                          | Turkiye Government Bond                                                                                                        | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        | 104900000 | PA      | $2522426.85   | 0.27%             | 2026-02-18      | Fixed         | 37.00%                | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                | Sierra Timeshare 2023-2 Receivables Funding LLC                                                                                | CUSIP: 82650BAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     62978 | PA      | $65152.82     | 0.01%             | 2040-04-20      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Ascent Education Funding Trust                   | Ascent Education Funding Trust 2024-A                                                                                          | CUSIP: 04362VAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105000 | PA      | $108405.99    | 0.01%             | 2050-10-25      | Fixed         | 8.01%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                  | Golub Capital Partners CLO 74 B Ltd                                                                                            | CUSIP: 38190BAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    815000 | PA      | $817521.61    | 0.09%             | 2037-07-25      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Bundesschatzanweisungen                          | Bundesschatzanweisungen                                                                                                        | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |   6000000 | PA      | $7027841.44   | 0.76%             | 2027-09-16      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| (Sunnova) Aurora I Issuer, LLC                   | SUNNOVA HELIOS II ISSUER LLC 2019-A                                                                                            | CUSIP: 86745LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    108551 | PA      | $100743.01    | 0.01%             | 2046-06-20      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd        | Taiwan Semiconductor Manufacturing Co Ltd                                                                                      | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |       187 | NS      | $52227.23     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hertz Vehicle Financing LLC                      | Hertz Vehicle Financing III LLC                                                                                                | CUSIP: 42806MDD8<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   1530000 | PA      | $1547435.88   | 0.17%             | 2029-12-26      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| EDI ABS Issuer LLC                               | EDI ABS Issuer 1 LLC                                                                                                           | CUSIP: 268332AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2970000 | PA      | $2895141.15   | 0.31%             | 2055-07-25      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| MidOcean Credit CLO                              | MidOcean Credit CLO XVIII LLC                                                                                                  | CUSIP: 59803LAA6<br>LEI: 549300XSCUX0ONI5KZ96 | Long             | ABS-CBDO         | CORP              | KY        |    435000 | PA      | $435220.98    | 0.05%             | 2035-10-18      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                      | Oracle Corp                                                                                                                    | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2765142.68   | 0.30%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                                                                                            | CUSIP: 912797QE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  36774900 | PA      | $36741708.45  | 3.95%             | 2025-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                            | Micron Technology Inc                                                                                                          | CUSIP: 595112CB7<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |   2825000 | PA      | $3005227.97   | 0.32%             | 2033-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds             | Chile Government International Bonds                                                                                           | CUSIP: 168863DU9<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   2080000 | PA      | $1291056.00   | 0.14%             | 2071-09-21      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd                    | Corevest American Finance 2020-4 Trust                                                                                         | CUSIP: 21873AAJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1340000 | PA      | $1242966.71   | 0.13%             | 2052-12-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Willis Engine Securitization Trust               | Willis Engine Structured Trust VI                                                                                              | CUSIP: 97064GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    205799 | PA      | $193243.72    | 0.02%             | 2046-05-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                               | PURCHASED USD / SOLD EUR                                                                                                       | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $-9106.05     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOEING CO                                        | Boeing Co/The                                                                                                                  | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2980000 | PA      | $2977210.03   | 0.32%             | 2050-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                | Barclays Bank PLC                                                                                                              | CUSIP: 06748N509<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |      1560 | PA      | $1040955.97   | 0.11%             | 2026-03-23      | Fixed         | 10.77%                | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                       | Navient Private Education Refi Loan Trust 2019-F                                                                               | CUSIP: 63935CAC5<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |   3410000 | PA      | $3031427.94   | 0.33%             | 2068-08-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Western Funding Auto Loan Trust                  | Western Funding Auto Loan Trust 2025-1                                                                                         | CUSIP: 958250AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    930000 | PA      | $941138.61    | 0.10%             | 2035-11-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                    | ZF North America Capital Inc                                                                                                   | CUSIP: 98877DAD7<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    315000 | PA      | $318902.85    | 0.03%             | 2028-04-14      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                             | Targa Resources Corp                                                                                                           | CUSIP: 87612GAM3<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |   1775000 | PA      | $1810357.72   | 0.19%             | 2035-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                       | Progress Residential 2021-SFR5 Trust                                                                                           | CUSIP: 74333FAE9<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    930000 | PA      | $908891.79    | 0.10%             | 2038-07-17      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                             | Glencore Funding LLC                                                                                                           | CUSIP: 378272CA4<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   2035000 | PA      | $2115040.72   | 0.23%             | 2035-04-01      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Wingstop Funding LLC                             | Wingstop Funding LLC                                                                                                           | CUSIP: 974153AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    440000 | PA      | $455868.16    | 0.05%             | 2054-12-05      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                     | GS Mortgage Securities Corp Trust 2012-BWTR                                                                                    | CUSIP: 36192RAA0<br>LEI: 5493005BBCF84ICNQ550 | Long             | ABS-MBS          | CORP              | US        |    453180 | PA      | $388552.85    | 0.04%             | 2034-11-05      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| JBS USA SARL/FOOD/GRP                            | JBS USA LUX Sarl / JBS USA Food Co / JBS USA Foods Group                                                                       | CUSIP: 472140AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1555000 | PA      | $1633531.15   | 0.18%             | 2035-04-20      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Kimberly-Clark Corp                              | Kimberly-Clark Corp                                                                                                            | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      1168 | NS      | $145229.12    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                            | CUSIP: 912828ZQ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  49610000 | PA      | $43125818.22  | 4.64%             | 2030-05-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                       | Navient Private Education Refi Loan Trust 2018-A                                                                               | CUSIP: 63940PAD7<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |    456508 | PA      | $450645.00    | 0.05%             | 2042-02-18      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                            | Civitas Resources Inc                                                                                                          | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    790000 | PA      | $818873.71    | 0.09%             | 2028-07-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| New York Mortgage Trust                          | NYMT Loan Trust Series 2025-R1                                                                                                 | CUSIP: 67120XAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    149315 | PA      | $149601.82    | 0.02%             | 2030-02-25      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                       | GLS Auto Receivables Issuer Trust 2023-3                                                                                       | CUSIP: 36267PAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    240000 | PA      | $245485.06    | 0.03%             | 2029-05-15      | Fixed         | 6.44%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                 | SMB Private Education Loan Trust 2018-C                                                                                        | CUSIP: 78449QAD9<br>LEI: 549300V1P5RKG8RJI005 | Long             | ABS-O            | CORP              | US        |    510000 | PA      | $498978.90    | 0.05%             | 2042-11-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                   | PURCHASED USD / SOLD ZAR                                                                                                       | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-247796.34   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                           | Aviation Capital Group LLC                                                                                                     | CUSIP: 05369AAT8<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   4240000 | PA      | $4236117.52   | 0.46%             | 2030-10-24      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Industries Ltd               | Teva Pharmaceutical Industries Ltd                                                                                             | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             | EC               | CORP              | IL        |     57867 | NS      | $1168913.40   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Exeter Automobile Receivables Trust              | Exeter Automobile Receivables Trust 2024-5                                                                                     | CUSIP: 30165BAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    365000 | PA      | $366957.86    | 0.04%             | 2031-02-18      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                             | Birch Grove Clo 9 Ltd                                                                                                          | CUSIP: 09077WAA6<br>LEI: 254900VS6E4BD1HWHW18 | Long             | ABS-CBDO         | CORP              | KY        |   1335000 | PA      | $1339226.61   | 0.14%             | 2037-10-22      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| New York Mortgage Trust                          | NYMT Loan Trust Series 2024-BPL2                                                                                               | CUSIP: 67120TAA8<br>LEI: 254900HCG7N4R7AWFZ60 | Long             | ABS-MBS          | CORP              | US        |    820000 | PA      | $828368.92    | 0.09%             | 2039-05-25      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                           | Rockford Tower CLO 2018-1 Ltd                                                                                                  | CUSIP: 77342JAA1<br>LEI: 549300KPFGDIQ0PMP224 | Long             | ABS-CBDO         | CORP              | KY        |    602712 | PA      | $602711.90    | 0.06%             | 2031-05-20      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                              | COMM 2012-CCRE3 Mortgage Trust                                                                                                 | CUSIP: 12624PAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2444601 | PA      | $2346816.98   | 0.25%             | 2045-10-15      | Fixed         | 3.92%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US 10YR ULTRA FUT DEC25                                                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -670 | NC      | $-836326.83   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Golub Capital Partners CLO, LTD                  | Golub Capital Partners CLO 74 B Ltd                                                                                            | CUSIP: 38190BAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    470000 | PA      | $471403.42    | 0.05%             | 2037-07-25      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| Booking Holdings Inc                             | Booking Holdings Inc                                                                                                           | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |        11 | NS      | $59391.97     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Auto Receivables Trust                   | Carvana Auto Receivables Trust 2024-N1                                                                                         | CUSIP: 14687QAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $102060.80    | 0.01%             | 2030-05-10      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC         | Avis Budget Rental Car Funding AESOP LLC                                                                                       | CUSIP: 05377RKS2<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    945000 | PA      | $978769.58    | 0.11%             | 2031-08-20      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                       | Progress Residential 2023-SFR2 Trust                                                                                           | CUSIP: 74331GAG4<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    235000 | PA      | $230446.26    | 0.02%             | 2040-10-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HPEFS Equipment Trust                            | HPEFS Equipment Trust 2023-2                                                                                                   | CUSIP: 44328UAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $152254.50    | 0.02%             | 2031-07-21      | Fixed         | 6.97%                 | No            |                  2 | On Loan: No      |
| CENTRAL CHN REAL ESTATE                          | Central China Real Estate Ltd                                                                                                  | CUSIP: 000000000<br>LEI: 549300JDML9PYG0CIJ22 | Long             | DBT              | CORP              | KY        |    485000 | PA      | $12934.95     | 0.00%             | 2024-07-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Merck & Co Inc                                   | Merck & Co Inc                                                                                                                 | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      2040 | NS      | $171217.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MERITAGE HOMES CORP                              | Meritage Homes Corp                                                                                                            | CUSIP: 59001ABG6<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |   2330000 | PA      | $2365810.75   | 0.25%             | 2035-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Lendmark Funding Trust                           | Lendmark Funding Trust 2025-1                                                                                                  | CUSIP: 52604QAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $178622.87    | 0.02%             | 2034-09-20      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FNC NL II                             | Teva Pharmaceutical Finance Netherlands II BV                                                                                  | CUSIP: 000000000<br>LEI: 549300HSQCIKJAOYIT23 | Long             | DBT              | CORP              | NL        |    930000 | PA      | $1117840.52   | 0.12%             | 2030-05-09      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                         | Citigroup Global Markets Holdings Inc/United States                                                                            | CUSIP: 17332B363<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |      7350 | PA      | $850009.70    | 0.09%             | 2026-02-11      | Fixed         | 11.83%                | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                         | Uruguay Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |  36185000 | PA      | $921567.00    | 0.10%             | 2028-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trust                  | Republic Finance Issuance Trust 2024-B                                                                                         | CUSIP: 76042GAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    430000 | PA      | $440475.92    | 0.05%             | 2037-11-20      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Colgate-Palmolive Co                             | Colgate-Palmolive Co                                                                                                           | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |      1358 | NS      | $108558.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cemex SAB de CV                                  | Cemex SAB de CV                                                                                                                | CUSIP: 151290889<br>LEI: 549300RIG2CXWN6IV731 | Long             | EC               | CORP              | MX        |     49058 | NS      | $441031.42    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                          | Teva Pharmaceutical Finance Netherlands III BV                                                                                 | CUSIP: 88167AAT8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    340000 | PA      | $354105.24    | 0.04%             | 2032-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust               | Alternative Loan Trust 2004-16CB                                                                                               | CUSIP: 12667FLZ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     71274 | PA      | $71639.13     | 0.01%             | 2034-08-25      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| ANTARES HOLDINGS                                 | Antares Holdings LP                                                                                                            | CUSIP: 03666HAD3<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |    465000 | PA      | $450631.92    | 0.05%             | 2027-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| (Sunnova) Aurora I Issuer, LLC                   | Sunnova Helios V Issuer LLC                                                                                                    | CUSIP: 86746EAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    355806 | PA      | $183051.40    | 0.02%             | 2048-02-20      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Garnet CLO Ltd                                   | Garnet CLO 3 Ltd                                                                                                               | CUSIP: 36626TAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    950000 | PA      | $950000.00    | 0.10%             | 2038-10-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Mortgage Loan Trust               | Morgan Stanley Mortgage Loan Trust 2005-7                                                                                      | CUSIP: 61748HPQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    388208 | PA      | $351709.63    | 0.04%             | 2035-11-25      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| Oman Government International Bonds              | Oman Government International Bonds                                                                                            | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |   1740000 | PA      | $1833550.61   | 0.20%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY GROUP LLC                         | Ryan Specialty Group LLC 2024 USD Term Loan B                                                                                  | CUSIP: 78350UAJ4<br>LEI: 549300K52N7QBO3PYY45 | Long             | LON              | CORP              | US        |    207647 | PA      | $207582.74    | 0.02%             | 2031-09-15      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Altice USA Inc                                   | Altice USA Inc                                                                                                                 | CUSIP: 02156K103<br>LEI: 54930064K3612MGCER95 | Long             | EC               | CORP              | US        |    184712 | NS      | $445155.92    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MetroNet Infrastructure Issuer LLC               | MetroNet Infrastructure Issuer LLC                                                                                             | CUSIP: 59170JBB3<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |    405000 | PA      | $411793.07    | 0.04%             | 2055-08-20      | Fixed         | 7.83%                 | No            |                  2 | On Loan: No      |
| China Evergrande Group                           | China Evergrande Group                                                                                                         | CUSIP: 000000000<br>LEI: 549300CUF7B1LAB15T90 | Long             | DBT              | CORP              | KY        |    630000 | PA      | $10105.20     | 0.00%             | 2022-03-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RCO Mortgage LLC                                 | RCO X Mortgage LLC 2025-1                                                                                                      | CUSIP: 75523XAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1782367 | PA      | $1783893.67   | 0.19%             | 2030-01-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                | Barclays Bank PLC                                                                                                              | CUSIP: 06748N889<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |      7897 | PA      | $907365.94    | 0.10%             | 2026-01-20      | Fixed         | 16.14%                | No            |                  2 | On Loan: No      |
| SEB Funding LLC                                  | SEB Funding LLC                                                                                                                | CUSIP: 78433DAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    535000 | PA      | $547146.80    | 0.06%             | 2054-04-30      | Fixed         | 7.39%                 | No            |                  2 | On Loan: No      |
| Wave USA                                         | WAVE 2019-1 LLC                                                                                                                | CUSIP: 94354KAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1769098 | PA      | $1722485.55   | 0.19%             | 2044-09-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                     | CSMC 2021-RPL4 Trust                                                                                                           | CUSIP: 12662GAC2<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |   1539069 | PA      | $1532826.82   | 0.16%             | 2060-12-27      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| AGILE GROUP HOLDINGS LTD                         | Agile Group Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 549300ZRISRT38EEYY07 | Long             | DBT              | CORP              | KY        |    425000 | PA      | $24059.25     | 0.00%             | 2026-05-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CKE Restaurants Holdings Inc                     | Hardee's Funding LLC                                                                                                           | CUSIP: 411707AM4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     68950 | PA      | $71403.84     | 0.01%             | 2054-03-20      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust                      | SBNA Auto Receivables Trust 2024-A                                                                                             | CUSIP: 78437PAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $103187.30    | 0.01%             | 2030-04-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| SUNRUN VULCAN ISSUER LLC                         | Sunrun Vulcan Issuer 2021-1 LLC                                                                                                | CUSIP: 86773QAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1711828 | PA      | $1536790.48   | 0.17%             | 2052-01-30      | Fixed         | 2.46%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                     | Ares Loan Funding VIII Ltd                                                                                                     | CUSIP: 04021MAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2835000 | PA      | $2845651.10   | 0.31%             | 2038-01-24      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| Light and Wonder International, Inc.             | Light and Wonder International Inc 2024 Term Loan B2                                                                           | CUSIP: 80875AAW1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | LON              | CORP              | US        |    117925 | PA      | $117999.41    | 0.01%             | 2029-04-14      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| USB Auto Owner Trust                             | USB Auto Owner Trust 2025-1                                                                                                    | CUSIP: 90367VAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    625000 | PA      | $633936.88    | 0.07%             | 2032-12-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CFLD CAYMAN INVESTMENT                           | CFLD Cayman Investment Ltd                                                                                                     | CUSIP: 000000000<br>LEI: 3003006ZC30FH27GHL08 | Long             | DBT              | CORP              | KY        |   2379845 | PA      | $71395.35     | 0.01%             | 2031-01-31      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                 | CIFC Funding 2019-VII Ltd                                                                                                      | CUSIP: 171935AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1140000 | PA      | $1143526.02   | 0.12%             | 2038-10-19      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                    | ZF North America Capital Inc                                                                                                   | CUSIP: 98877DAF2<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    360000 | PA      | $351316.55    | 0.04%             | 2030-04-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co                          | Bristol-Myers Squibb Co                                                                                                        | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      1676 | NS      | $75587.60     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tricon American Homes                            | Tricon American Homes 2020-SFR2 Trust                                                                                          | CUSIP: 89613JAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1170000 | PA      | $1103564.71   | 0.12%             | 2039-11-17      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                           | SLM Private Credit Student Loan Trust 2003-B                                                                                   | CUSIP: 78443CAN4<br>LEI: 549300BLEHJGFV7XSO25 | Long             | ABS-O            | CORP              | US        |    662000 | PA      | $660604.50    | 0.07%             | 2033-03-15      | Variable      | 7.92%                 | No            |                  2 | On Loan: No      |
| OHA Credit Partners Ltd                          | OHA Credit Partners XI Ltd                                                                                                     | CUSIP: 67109FBC8<br>LEI: 549300OYGEU6QQMCEG78 | Long             | ABS-CBDO         | CORP              | KY        |   1090000 | PA      | $1094901.73   | 0.12%             | 2037-04-20      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FNC NL II                             | Teva Pharmaceutical Finance Netherlands II BV                                                                                  | CUSIP: 000000000<br>LEI: 549300HSQCIKJAOYIT23 | Long             | DBT              | CORP              | NL        |    570000 | PA      | $802153.97    | 0.09%             | 2031-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Banc of America Alternative Loan Trust           | Banc of America Alternative Loan Trust 2003-8                                                                                  | CUSIP: 05948XTV3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    141983 | PA      | $141892.01    | 0.02%             | 2033-10-25      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| PRP Advisors, LLC                                | PRPM 2023-RCF2 LLC                                                                                                             | CUSIP: 69380RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     70897 | PA      | $70075.06     | 0.01%             | 2053-11-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CITADEL LP                                       | Citadel LP                                                                                                                     | CUSIP: 17288XAC8<br>LEI: 549300IPM6EKPVUPFL67 | Long             | DBT              | CORP              | US        |    240000 | PA      | $254019.65    | 0.03%             | 2032-01-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                             | Aramark Services Inc 2025 Repriced Term Loan                                                                                   | CUSIP: 03852JBB6<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | LON              | CORP              | US        |    155000 | PA      | $155000.00    | 0.02%             | 2028-04-06      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| OHA Loan Funding Ltd                             | OHA Loan Funding 2016-1 Ltd                                                                                                    | CUSIP: 67110UBE8<br>LEI: 54930016024GMIAF7A82 | Long             | ABS-CBDO         | CORP              | KY        |   1535000 | PA      | $1541081.67   | 0.17%             | 2037-07-20      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer III, LLC              | Compass Datacenters Issuer III LLC                                                                                             | CUSIP: 20469BAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    240000 | PA      | $243074.64    | 0.03%             | 2050-02-25      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                                                                                            | CUSIP: 912797QS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   9780000 | PA      | $9712228.90   | 1.04%             | 2025-12-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TIMES CHINA HLDG LTD                             | Times China Holdings Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 2549000KTINB9ZPZP710 | Long             | DBT              | CORP              | KY        |    210000 | PA      | $6825.00      | 0.00%             | 2027-01-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust    | BHG Securitization Trust 2022-A                                                                                                | CUSIP: 054977AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1160096 | PA      | $1151590.21   | 0.12%             | 2035-02-20      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| EquipmentShare                                   | Crockett Partners Equipment Co IIA LLC                                                                                         | CUSIP: 22689LAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    378182 | PA      | $392594.14    | 0.04%             | 2031-01-20      | Fixed         | 10.16%                | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc                              | Gilead Sciences Inc                                                                                                            | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |       886 | NS      | $98346.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic of South Africa                         | Republic of South Africa Government Bond                                                                                       | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        | 142220000 | PA      | $7535969.42   | 0.81%             | 2040-01-31      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Galaxy CLO Ltd                                   | Galaxy XXVI CLO Ltd                                                                                                            | CUSIP: 36321LAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1030000 | PA      | $1030491.31   | 0.11%             | 2031-11-22      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                          | John Deere Capital Corp                                                                                                        | CUSIP: 24422EYA1<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   3340000 | PA      | $3346320.92   | 0.36%             | 2028-03-06      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPCO/FINCO                              | Go Daddy Operating Co LLC / GD Finance Co Inc                                                                                  | CUSIP: 38016LAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    970000 | PA      | $919052.22    | 0.10%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TICP CLO Ltd                                     | TICP CLO VII Ltd                                                                                                               | CUSIP: 87248TAQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1030000 | PA      | $1031261.75   | 0.11%             | 2033-04-15      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| Willis Engine Securitization Trust               | Willis Engine Structured Trust V                                                                                               | CUSIP: 97064FAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190166 | PA      | $181873.86    | 0.02%             | 2045-03-15      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC FIN CO                           | Global Atlantic Fin Co                                                                                                         | CUSIP: 37959GAA5<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    425000 | PA      | $418583.37    | 0.04%             | 2029-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                       | GLS Auto Receivables Issuer Trust 2024-1                                                                                       | CUSIP: 36269HAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $204775.38    | 0.02%             | 2029-12-17      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| DSLA Mortgage Loan Trust                         | DSLA Mortgage Loan Trust 2005-AR5                                                                                              | CUSIP: 23332UFF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    312833 | PA      | $163018.24    | 0.02%             | 2045-09-19      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| CIFI HOLDINGS GROUP                              | CIFI Holdings Group Co Ltd                                                                                                     | CUSIP: 000000000<br>LEI: 549300WGKSV867C0JF48 | Long             | DBT              | CORP              | KY        |   1110000 | PA      | $108558.00    | 0.01%             | 2026-08-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DC Commercial Mortgage Trust                     | DC Commercial Mortgage Trust 2023-DC                                                                                           | CUSIP: 24023AAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    920000 | PA      | $954621.44    | 0.10%             | 2040-09-12      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-17

**Name of Applicant:** Natixis Funds Trust II

**Signature:** John Sgroi

**Name of Signer:** John Sgroi

**Title:** Assistant Treasurer