# EDGAR Filing Document

**Accession Number:** 0000088525
**File Stem:** 0000940400-26-009627
**Filing Date:** 2026-3
**Character Count:** 104026
**Document Hash:** b8b3eb7e7ecef27fde393939ed080928
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-009627.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000940400-26-009627

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GUGGENHEIM FUNDS TRUST
- **CENTRAL INDEX KEY:** 0000088525

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01136
- **FILM NUMBER:** 26708739

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

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

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

## Series and Classes Contracts Data

### Guggenheim Active INvestment Series (GAINS)-Limited Duration Fund (Series ID: S000085234)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000250201 | SMA Class    | GULDX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

  - **Street Address 1:** 702 KING FARM BOULEVARD

  - **City:** ROCKVILLE

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20850

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

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

- **a. Name of Series:** Guggenheim Active INvestment Series (GAINS)-Limited Duration Fund

- **b. EDGAR series identifier (if any):** S000085234

- **c. LEI of Series:** 254900SH2QUUHB6Q4343

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

- **a. Date of fiscal year-end:** 2026-09-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $20416476.77

**Total Liabilities:** $2055224.46

**Net Assets:** $18361252.31

**Stand-by Commitments:** $937254.98

**Cash Not Reported:** $123989.29

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 805.09108103 | **1-Year:** 3578.28986677 | **5-Year:** 1440.45713486 | **10-Year:** 69.80677931 | **30-Year:** 0.00000000

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

- **3-Month:** 232.02415667 | **1-Year:** 77.26150206 | **5-Year:** 96.52709660 | **10-Year:** 22.27940713 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000250201 | 0.44%                | 0.52%                | 0.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-571.23                 | $-14448.47                                 |
| Month 2  | $-1999.25                | $22970.38                                  |
| Month 3  | $-2717.68                | $-3187.61                                  |

**Designated Index Information**

- **Index Name:** N/A

- **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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -218750 | NC      | $-346.72      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL SERVICES LLC         | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DIR              | CORP              | US        |   -306250 | NC      | $-407.22      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ATLX Trust                                  | ATLX 2024-RPL1 Trust                                                            | CUSIP: 049915AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     88488 | PA      | $86516.04     | 0.47%             | 2064-04-25      | Variable      | 3.85%                 | Yes           |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORP                | SIX FLAGS ENTERTAINMENT CORP                                                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               | CORP              | US        |    -23312 | PA      | $-23312.50    | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                       | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AE6<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25458.61     | 0.14%             | 2030-12-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS                    | Focus Financial Partners LLC                                                    | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10281.19     | 0.06%             | 2031-09-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                         | SIRIUS XM RADIO INC                                                             | CUSIP: 000000000<br>LEI: WP5O65E6BMU84LNO4227 | Short            | RA               | CORP              | US        |    -78094 | PA      | $-78093.75    | -0.43%            |  |  |  | No            |                  2 | On Loan: No      |
| DOGWOOD TERM LOAN                           | DOGWOOD TERM LOAN                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    147772 | PA      | $148788.25    | 0.81%             | 2032-06-24      | Fixed         | 6.45%                 | No            |                  3 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac REMICS                                                              | CUSIP: 3137HJ6S1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    167445 | PA      | $169744.34    | 0.92%             | 2051-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CITADEL SECURITIES LP                       | CITADEL SECURITIES LP                                                           | CUSIP: 17288YAN2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |     19850 | PA      | $19946.87     | 0.11%             | 2031-10-31      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Fortress Credit Opportunities               | Fortress Credit Opportunities XXV CLO LLC                                       | CUSIP: 34966QAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250377.50    | 1.36%             | 2037-01-15      | Floating      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| Woodward Capital Management                 | RCKT Mortgage Trust 2025-CES5                                                   | CUSIP: 74942CAA7<br>LEI: 2549008EA2IHW9G2TZ48 | Long             | ABS-MBS          | CORP              | US        |    131478 | PA      | $133157.99    | 0.73%             | 2055-05-25      | Variable      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | THREE-MONTH SOFR                                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       -15 | NC      | $-1500.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| NASSAU COMPANIES OF NY                      | Nassau Cos of New York/The                                                      | CUSIP: 63155AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $14317.60     | 0.08%             | 2030-07-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| New York Mortgage Trust                     | NYMT Loan Trust 2025-CP1                                                        | CUSIP: 67121VAA2<br>LEI: 254900JF85A0S614L988 | Long             | ABS-MBS          | CORP              | US        |     95266 | PA      | $91962.53     | 0.50%             | 2069-11-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN NATIONAL GF                        | American National Global Funding                                                | CUSIP: 02771D2B9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $30482.80     | 0.17%             | 2030-06-03      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus              | BRAVO Residential Funding Trust 2024-NQM1                                       | CUSIP: 10570FAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    114330 | PA      | $115104.70    | 0.63%             | 2063-12-01      | Variable      | 5.94%                 | Yes           |                  2 | On Loan: No      |
| BXHPP Trust                                 | BXHPP Trust 2021-FILM                                                           | CUSIP: 05609JAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     25000 | PA      | $23422.43     | 0.13%             | 2036-08-15      | Floating      | 4.96%                 | Yes           |                  2 | On Loan: No      |
| Owl Rock CLO I, Ltd                         | Owl Rock CLO X LLC                                                              | CUSIP: 69120EAG4<br>LEI: 254900EEGFBE25I6SS76 | Long             | ABS-CBDO         | CORP              | US        |    700000 | PA      | $700499.87    | 3.82%             | 2037-04-20      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced S              | HOMES 2025-NQM1 Trust                                                           | CUSIP: 43761DAD2<br>LEI: 254900LUV7YA0N50XT86 | Long             | ABS-MBS          | CORP              | US        |     87054 | PA      | $87635.99     | 0.48%             | 2070-01-25      | Variable      | 5.86%                 | Yes           |                  2 | On Loan: No      |
| BROWN & BROWN INC                           | Brown & Brown Inc                                                               | CUSIP: 115236AJ0<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101198.78    | 0.55%             | 2028-06-23      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                    | Vantage Data Centers LLC                                                        | CUSIP: 92212KAH9<br>LEI: 5493000RL8X7WTQ7HO20 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $98835.58     | 0.54%             | 2055-08-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                        | ARAMARK SERVICES INC                                                            | CUSIP: 03852JBC4<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | LON              | CORP              | US        |     95685 | PA      | $95886.21     | 0.52%             | 2030-06-24      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -350000 | NC      | $-518.32      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CAPSTONE ACQUISITION 1L DDTL FUND           | CAPSTONE ACQUISITION 1L DDTL FUND                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |       805 | PA      | $801.59       | 0.00%             | 2029-11-13      | Floating      | 8.32%                 | No            |                  3 | On Loan: No      |
| Owl Rock CLO I, Ltd                         | Owl Rock CLO VII LLC                                                            | CUSIP: 69121BAQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $249565.58    | 1.36%             | 2038-04-20      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| Dreyfus Treasury Securities Cash Management | Dreyfus Treasury Securities Cash Management                                     | CUSIP: 261941108<br>LEI: 549300U78VESCW509025 | Long             | STIV             | RF                | US        |    239409 | NS      | $239409.04    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2024-NQM12 Trust                                                            | CUSIP: 67448PAC7<br>LEI: 254900MY906NOBBPOA44 | Long             | ABS-MBS          | CORP              | US        |     67289 | PA      | $67911.89     | 0.37%             | 2064-07-25      | Variable      | 5.83%                 | Yes           |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                     | GA Global Funding Trust                                                         | CUSIP: 36143L2R5<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153714.59    | 0.84%             | 2030-01-13      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| Navigator Aviation Ltd                      | Navigator 2024-1 Aviation Ltd                                                   | CUSIP: 63943DAA7<br>LEI: 984500UF8C3O89B30652 | Long             | ABS-O            | CORP              | KY        |    226190 | PA      | $227095.69    | 1.24%             | 2049-08-15      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| THE NASSAU COMPANIES OF NEW YORK            | THE NASSAU COMPANIES OF NEW YORK                                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               | CORP              | US        |    -13650 | PA      | $-13650.00    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| HV STRUCTURED SOLUTIONS IV                  | HV STRUCTURED SOLUTIONS IV                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     94575 | PA      | $93918.14     | 0.51%             | 2030-09-15      | Floating      | 6.22%                 | No            |                  3 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2024-NQM13 Trust                                                            | CUSIP: 67119PAB7<br>LEI: 254900W2SY2Z6X7UAX78 | Long             | ABS-MBS          | CORP              | US        |     66713 | PA      | $66797.39     | 0.36%             | 2064-06-25      | Variable      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| CLI Funding LLC                             | CLI Funding IX LLC                                                              | CUSIP: 12571WAG8<br>LEI: 2549008S2Z91ASJFZL83 | Long             | ABS-O            | CORP              | US        |     94958 | PA      | $96275.27     | 0.52%             | 2050-06-20      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | THREE-MONTH SOFR                                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       -10 | NC      | $-1812.50     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Altde Trust                                 | ALTDE 2025-1 Trust                                                              | CUSIP: 00166NAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    236421 | PA      | $241623.90    | 1.32%             | 2050-08-15      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| Owl Rock CLO I, Ltd                         | Owl Rock CLO III Ltd                                                            | CUSIP: 69120DAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300456.30    | 1.64%             | 2036-04-20      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| BCRED MML CLO 2021-1 LLC                    | BCRED MML CLO 2022-1 LLC                                                        | CUSIP: 072917AA5<br>LEI: 2549008X01GXURMQIW78 | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $100139.43    | 0.55%             | 2035-04-20      | Floating      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| PCI GAMING AUTHORITY                        | PCI GAMING AUTHORITY                                                            | CUSIP: 70455DAG9<br>LEI: 549300KPXAJ1LRW5LP59 | Long             | LON              | CORP              | US        |     29550 | PA      | $29582.80     | 0.16%             | 2031-07-21      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG, LLC         | VENTURE GLOBAL PLAQUEMINES LNG                                                  | CUSIP: 000000000<br>LEI: 549300TKP4I6OJ02BF90 | Short            | RA               | CORP              | US        |    -23156 | PA      | $-23156.25    | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3142J6B36<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    100994 | PA      | $103756.11    | 0.57%             | 2055-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                  | Verus Securitization Trust 2023-3                                               | CUSIP: 92539GAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    103173 | PA      | $103199.38    | 0.56%             | 2068-03-25      | Variable      | 6.74%                 | Yes           |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd              | Golub Capital Partners Clo 46M Ltd                                              | CUSIP: 38178UAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $250445.30    | 1.36%             | 2037-04-20      | Floating      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd                    | Madison Park Funding LXXI Ltd                                                   | CUSIP: 55817DAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250315.73    | 1.36%             | 2038-04-23      | Floating      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| Anchor Mortgage Trust                       | Anchor Mortgage Trust 2025-RTL1                                                 | CUSIP: 03290CAA4<br>LEI: 254900S7O2LYCU17JI96 | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $100529.27    | 0.55%             | 2040-05-25      | Variable      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |   -218750 | NC      | $-346.72      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COLT Funding LLC                            | COLT 2025-3 Mortgage Loan Trust                                                 | CUSIP: 12674LAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     80285 | PA      | $80720.43     | 0.44%             | 2070-03-25      | Variable      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| Anchorage Credit Funding Ltd.               | Anchorage Credit Funding 3 Ltd                                                  | CUSIP: 03330EAJ3<br>LEI: 5493003NNQWXMTSTMF21 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $243331.50    | 1.33%             | 2039-01-28      | Fixed         | 2.87%                 | Yes           |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag              | PRPM 2025-5 LLC                                                                 | CUSIP: 69392RAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     96048 | PA      | $96124.75     | 0.52%             | 2030-07-25      | Variable      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| KROLL (DEERFIELD) 1L TLB CL USD             | KROLL (DEERFIELD) 1L TLB CL USD                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    100000 | PA      | $99626.18     | 0.54%             | 2032-09-13      | Floating      | 6.67%                 | No            |                  3 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac REMICS                                                              | CUSIP: 3137HJWE3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     95765 | PA      | $97099.25     | 0.53%             | 2053-07-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TERRAFORM GLOBAL OPERATI                    | Terraform Global Operating LP                                                   | CUSIP: 88104UAC7<br>LEI: 549300LC7QMVR79H5O86 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29786.39     | 0.16%             | 2026-03-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                            | CIFC Funding 2022-I Ltd                                                         | CUSIP: 12570LAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250564.65    | 1.36%             | 2035-04-17      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| PINNACLE WEST CAPITAL CORPORATION           | PINNACLE WEST CAPITAL CORPORATION                                               | CUSIP: 000000000<br>LEI: TWSEY0NEDUDCKS27AH81 | Short            | RA               | CORP              | US        |    -97000 | PA      | $-97000.00    | -0.53%            |  |  |  | No            |                  2 | On Loan: No      |
| Ares Direct Lending CLO LLC                 | Ares Direct Lending CLO 1 LLC                                                   | CUSIP: 04020RAC2<br>LEI: 254900W79C3ALKJIMH12 | Long             | ABS-CBDO         | CORP              | US        |    200000 | PA      | $200371.74    | 1.09%             | 2036-04-25      | Floating      | 6.06%                 | Yes           |                  2 | On Loan: No      |
| Mill City Mortgage Trust                    | Mill City Mortgage Loan Trust 2021-NMR1                                         | CUSIP: 59982HAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    120000 | PA      | $101353.63    | 0.55%             | 2060-11-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL SERVICES LLC         | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DIR              | CORP              | US        |   -306250 | NC      | $-511.59      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| KROLL (DEERFIELD) 1L CL REV UNFUND          | KROLL (DEERFIELD) 1L CL REV UNFUND                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     10000 | PA      | $10000.00     | 0.05%             | 2032-09-13      | Fixed         | 0.62%                 | No            |                  3 | On Loan: No      |
| Preston Ridge Partners Mortgag              | PRPM 2025-2 LLC                                                                 | CUSIP: 69382HAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     90203 | PA      | $90371.54     | 0.49%             | 2030-05-25      | Variable      | 6.47%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2025-NQM1 Trust                                                             | CUSIP: 673914AC1<br>LEI: 2549007E8KF1RJ2ZV866 | Long             | ABS-MBS          | CORP              | US        |    168119 | PA      | $169493.22    | 0.92%             | 2064-12-25      | Variable      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| PINNACLE WEST CAPITAL                       | Pinnacle West Capital Corp                                                      | CUSIP: 723484AM3<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101795.57    | 0.55%             | 2028-05-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                    | Mill City Securities 2024-RS1 Ltd                                               | CUSIP: 599920AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     58703 | PA      | $55680.64     | 0.30%             | 2069-11-01      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                           | CLARIOS GLOBAL LP                                                               | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |     99750 | PA      | $100124.06    | 0.55%             | 2032-01-28      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus              | BRAVO Residential Funding Trust 2025-NQM7                                       | CUSIP: 10570TAP0<br>LEI: 254900I1LYOO3G3UAT10 | Long             | ABS-MBS          | CORP              | US        |     92871 | PA      | $93694.51     | 0.51%             | 2065-07-25      | Variable      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| ROCKET MORTGAGE, LLC                        | ROCKET MORTGAGE LLC                                                             | CUSIP: 000000000<br>LEI: 549300FGXN1K3HLB1R50 | Short            | RA               | CORP              | US        |    -22812 | PA      | $-22812.50    | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| GCAT                                        | GCAT 2022-NQM3 Trust                                                            | CUSIP: 36168MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     75949 | PA      | $75702.67     | 0.41%             | 2067-04-25      | Variable      | 4.35%                 | Yes           |                  2 | On Loan: No      |
| ACREC LLC                                   | Acrec 2025 Fl 3 LLC                                                             | CUSIP: 00112HAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99061.95     | 0.54%             | 2042-08-18      | Floating      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                   | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |   -350000 | NC      | $-513.12      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HLEND CLO LLC                               | Hlend CLO 2025-3 LLC                                                            | CUSIP: 403961AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $250177.98    | 1.36%             | 2037-01-20      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| LoanCore 2018-CRE1 Issuer, Ltd              | LoanCore 2025 2025-CRE8 Issuer LLC                                              | CUSIP: 53947FAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99239.34     | 0.54%             | 2042-08-17      | Floating      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2025-1                                                 | CUSIP: 46658UAE1<br>LEI: 529900DB310G9HU4BP72 | Long             | ABS-MBS          | CORP              | US        |    109031 | PA      | $110587.57    | 0.60%             | 2055-06-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| BSPDF Issuer Ltd                            | BSPDF 2025-FL2 Issuer LLC                                                       | CUSIP: 05615KAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99929.18     | 0.54%             | 2042-12-15      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| AREIT CRE Trust                             | AREIT 2025-CRE10 Ltd                                                            | CUSIP: 00193DAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $99891.55     | 0.54%             | 2029-12-17      | Floating      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus              | BRAVO 2024-NQM6                                                                 | CUSIP: 05613JAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     65717 | PA      | $65992.86     | 0.36%             | 2064-08-01      | Variable      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                       | LEVEL 3 FINANCING INC                                                           | CUSIP: 52729KAU0<br>LEI: 254900AE5FEFIJOXWL19 | Long             | LON              | CORP              | US        |     20000 | PA      | $20045.00     | 0.11%             | 2032-03-29      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| DARLING GLOBAL FINANCE                      | Darling Global Finance BV                                                       | CUSIP: 000000000<br>LEI: 724500R2BQXOR6YG2Y67 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $119045.82    | 0.65%             | 2032-07-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CAPSTONE ACQUISITION 1L TL                  | CAPSTONE ACQUISITION 1L TL                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      9103 | PA      | $9064.02      | 0.05%             | 2029-11-12      | Floating      | 8.32%                 | No            |                  3 | On Loan: No      |
| Verus Securitization Trust                  | Verus Securitization Trust 2025-1                                               | CUSIP: 92540TAA8<br>LEI: 213800JOKZMXZECMAB50 | Long             | ABS-MBS          | CORP              | US        |    166568 | PA      | $168109.42    | 0.92%             | 2070-01-25      | Variable      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -218750 | NC      | $-310.60      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Cerberus                                    | Cerberus Loan Funding 50 LLC                                                    | CUSIP: 15673UAA5<br>LEI: 635400VJODJ5OZQ2H763 | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $100300.21    | 0.55%             | 2037-07-15      | Floating      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2025-HE1                                    | CUSIP: 36272NAA2<br>LEI: 254900RIVK2GCJ08H839 | Long             | ABS-O            | CORP              | US        |    133126 | PA      | $133441.04    | 0.73%             | 2055-10-25      | Floating      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| NMLT Trust                                  | NLT 2025-NQM1 Trust                                                             | CUSIP: 629154AJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    342298 | PA      | $360878.90    | 1.97%             | 2070-10-25      | Variable      | 7.47%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Global Markets Inc.               | FHR                                                                             | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | Short            | RA               | CORP              | US        |   -175266 | PA      | $-175265.71   | -0.95%            |  |  |  | No            |                  2 | On Loan: No      |
| STAR 2025-SFR6 Trust                        | STAR 2025-SFR6 Trust                                                            | CUSIP: 85520EAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100285.07    | 0.55%             | 2042-08-17      | Floating      | 5.15%                 | Yes           |                  2 | On Loan: No      |
| Hotwire Funding LLC                         | Hotwire Funding LLC                                                             | CUSIP: 44148JAK5<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $102243.69    | 0.56%             | 2054-06-20      | Fixed         | 6.67%                 | Yes           |                  2 | On Loan: No      |
| BR SECONDARIES & LQDITY SOLUTIONS           | BR SECONDARIES & LQDITY SOLUTIONS                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     98426 | PA      | $98415.42     | 0.54%             | 2030-06-15      | Floating      | 6.27%                 | No            |                  3 | On Loan: No      |
| FIGRE Trust                                 | FIGRE Trust 2025-PF1                                                            | CUSIP: 316922AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     84577 | PA      | $85812.68     | 0.47%             | 2055-06-25      | Variable      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| Provident Funding Mortgage Tru              | Provident Funding Mortgage Trust 2025-1                                         | CUSIP: 74388NAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     78315 | PA      | $78696.05     | 0.43%             | 2055-02-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                        | FS Rialto 2025-FL10 Issuer LLC                                                  | CUSIP: 30340KAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $98617.87     | 0.54%             | 2042-08-19      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -218750 | NC      | $-35.18       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HLEND CLO LLC                               | HLEND CLO 2025-4 LLC                                                            | CUSIP: 43367AAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    150000 | PA      | $150152.63    | 0.82%             | 2037-08-15      | Floating      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                          | BSPRT 2024-FL11 Issuer LLC                                                      | CUSIP: 05613RAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $100493.42    | 0.55%             | 2039-07-15      | Floating      | 6.04%                 | Yes           |                  2 | On Loan: No      |
| CREATIVE PLANNING INC                       | CREATIVE PLANNING LLC                                                           | CUSIP: 1261MAAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     49874 | PA      | $49964.33     | 0.27%             | 2031-05-19      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd              | Golub Capital Partners Clo 49M Ltd                                              | CUSIP: 38181HAC7<br>LEI: 254900NUVOJAHAT10W61 | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $99963.13     | 0.54%             | 2038-07-20      | Floating      | 5.84%                 | Yes           |                  2 | On Loan: No      |
| GRANTTHORNTONADVISORS                       | GRANTTHORNTONADVISORS                                                           | CUSIP: 38821UAF7<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |     99750 | PA      | $100035.29    | 0.54%             | 2031-05-30      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                     | BDS 2025-FL14 LLC                                                               | CUSIP: 072921AC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99858.57     | 0.54%             | 2042-10-17      | Floating      | 5.30%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Global Markets Inc.               | FHR                                                                             | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | Short            | RA               | CORP              | US        |   -114845 | PA      | $-114844.54   | -0.63%            |  |  |  | No            |                  2 | On Loan: No      |
| JANE STREET GROUP LLC                       | JANE STREET GROUP LLC                                                           | CUSIP: 47077DAM2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |     99219 | PA      | $98678.01     | 0.54%             | 2031-12-15      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| TMF SAPPHIRE BIDCO BV                       | TMF SAPPHIRE BIDCO BV                                                           | CUSIP: 000000000<br>LEI: 213800H27OKZZZ2CB779 | Long             | LON              | CORP              | NL        |     79400 | PA      | $79731.10     | 0.43%             | 2028-05-03      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                    | Neuberger Berman Loan Advisers CLO 47 Ltd                                       | CUSIP: 64135DAL9<br>LEI: 549300JRWXK6DFJD7D06 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250433.85    | 1.36%             | 2035-04-16      | Floating      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | THREE-MONTH SOFR                                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |        10 | NC      | $3437.50      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS                    | FOCUS FINANCIAL PARTNERS LLC                                                    | CUSIP: 34416DBD9<br>LEI: 5493007L0E0VKRC2CP39 | Long             | LON              | CORP              | US        |     29700 | PA      | $29742.36     | 0.16%             | 2031-09-15      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                       | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     40000 | PA      | $43220.04     | 0.24%             | 2033-05-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Woodward Capital Management                 | RCKT Mortgage Trust 2025-CES1                                                   | CUSIP: 749427AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    116928 | PA      | $118086.25    | 0.64%             | 2045-01-25      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| SBA TOWER TRUST                             | SBA Tower Trust                                                                 | CUSIP: 78403DBD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50311.71     | 0.27%             | 2029-10-15      | Fixed         | 4.83%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.               | FR                                                                              | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | Short            | RA               | CORP              | US        |   -100646 | PA      | $-100646.00   | -0.55%            |  |  |  | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                               | TRANSDIGM INC                                                                   | CUSIP: 89364MCD4<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |     24688 | PA      | $24779.09     | 0.13%             | 2032-01-20      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Service Experts Issuer                      | Service Experts Issuer 2025-1 LLC                                               | CUSIP: 81758JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     92940 | PA      | $92924.02     | 0.51%             | 2037-01-20      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan               | New Residential Mortgage Loan Trust 2025-NQM3                                   | CUSIP: 64832CAC7<br>LEI: 2138002D8CMDYG7QOU84 | Long             | ABS-MBS          | CORP              | US        |     85486 | PA      | $86418.53     | 0.47%             | 2065-05-25      | Variable      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN NATIONAL GLOBAL FUNDING            | AMERICAN NATIONAL GLOBAL FUNDING                                                | CUSIP: 000000000<br>LEI: 63540033TQXTOXKK1L93 | Short            | RA               | CORP              | US        |    -29100 | PA      | $-29100.00    | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| GCAT                                        | GCAT 2025-NQM4 Trust                                                            | CUSIP: 367923AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    185588 | PA      | $187252.48    | 1.02%             | 2070-06-25      | Variable      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                   | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |   -218750 | NC      | $-35.18       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                   | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |   -218750 | NC      | $-59.08       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GCAT                                        | GCAT 2025-INV3 Trust                                                            | CUSIP: 36831DAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     90889 | PA      | $92685.37     | 0.50%             | 2055-08-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ACREC LLC                                   | Acrec 2025 Fl 3 LLC                                                             | CUSIP: 00112HAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99041.19     | 0.54%             | 2042-08-18      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| CONTOURGLOBAL POWER HLDG                    | ContourGlobal Power Holdings SA                                                 | CUSIP: 000000000<br>LEI: 549300O5AGIFK0PQ1516 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $120309.48    | 0.66%             | 2030-02-28      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 31418FQG5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    135696 | PA      | $139513.96    | 0.76%             | 2055-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Legacy Mortgage Asset Trust                 | Legacy Mortgage Asset Trust 2021-GS3                                            | CUSIP: 52474XAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     59870 | PA      | $59873.15     | 0.33%             | 2061-07-25      | Variable      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2025-6                                                   | CUSIP: 81749YAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     76786 | PA      | $77046.04     | 0.42%             | 2055-07-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                   | Towd Point Mortgage Trust                                                       | CUSIP: 89182FAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     49082 | PA      | $49692.68     | 0.27%             | 2063-10-25      | Variable      | 7.29%                 | Yes           |                  2 | On Loan: No      |
| BDS Ltd                                     | BDS 2024-FL13 LLC                                                               | CUSIP: 05555MAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99739.20     | 0.54%             | 2039-09-19      | Floating      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| RYAN SPECIALTY                              | RYAN SPECIALTY                                                                  | CUSIP: 78350UAJ4<br>LEI: 549300K52N7QBO3PYY45 | Long             | LON              | CORP              | US        |     24750 | PA      | $24765.59     | 0.13%             | 2031-09-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus              | BRAVO Residential Funding Trust 2025-NQM4                                       | CUSIP: 10570QAE1<br>LEI: 25490082TY9NA9XBGW19 | Long             | ABS-MBS          | CORP              | US        |    124708 | PA      | $126031.24    | 0.69%             | 2065-02-25      | Variable      | 5.61%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL SERVICES LLC         | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DIR              | CORP              | US        |   -218750 | NC      | $-27.92       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 31418FRA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     42044 | PA      | $43227.05     | 0.24%             | 2055-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 38 Ltd                          | Elmwood CLO 38 Ltd                                                              | CUSIP: 289908AC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250637.20    | 1.37%             | 2038-04-22      | Floating      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| FRONERI US INC                              | FRONERI US INC                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     24812 | PA      | $24784.69     | 0.13%             | 2031-09-30      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG, LLC         | VENTURE GLOBAL PLAQUEMINES LNG                                                  | CUSIP: 000000000<br>LEI: 549300TKP4I6OJ02BF90 | Short            | RA               | CORP              | US        |    -39650 | PA      | $-39650.00    | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| CCC INTELLIGENT SOLUTION                    | CCC INTELLIGENT SOLUTIONS INC                                                   | CUSIP: 12511BAC6<br>LEI: 5493006JEEL9RIWY5T17 | Long             | LON              | CORP              | US        |     99250 | PA      | $99498.13     | 0.54%             | 2032-01-23      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Gilead Aviation (Warehouse) LL              | Gilead Aviation LLC                                                             | CUSIP: 37556TAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    240682 | PA      | $244197.82    | 1.33%             | 2050-03-15      | Fixed         | 5.79%                 | Yes           |                  2 | On Loan: No      |
| Vista Point Securitization Tru              | Vista Point Securitization Trust 2024-CES1                                      | CUSIP: 92839HAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     52679 | PA      | $53319.23     | 0.29%             | 2054-05-25      | Variable      | 6.68%                 | Yes           |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS, LLC               | FOCUS FINANCIAL PARTNERS LLC                                                    | CUSIP: 000000000<br>LEI: 5493007L0E0VKRC2CP39 | Short            | RA               | CORP              | US        |     -9662 | PA      | $-9662.50     | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| ABPCI Direct Lending Fund CLO               | ABPCI DIRECT LENDING FUND CLO V LTD                                             | CUSIP: 000807AW7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    100000 | PA      | $100199.82    | 0.55%             | 2036-01-20      | Floating      | 6.08%                 | Yes           |                  2 | On Loan: No      |
| SLAM LLC                                    | Slam Ltd                                                                        | CUSIP: 83100AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    459858 | PA      | $465714.09    | 2.54%             | 2049-09-15      | Fixed         | 5.33%                 | Yes           |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                   | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |   -218750 | NC      | $-58.04       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                       | Palmer Square CLO 2024-3 Ltd                                                    | CUSIP: 69688GAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250734.18    | 1.37%             | 2037-07-20      | Floating      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| F&G GLOBAL FUNDING                          | F&G GLOBAL FUNDING                                                              | CUSIP: 000000000<br>LEI: 6354009CCUKJIZ7KFX73 | Short            | RA               | CORP              | US        |    -25281 | PA      | $-25281.25    | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2024-NQM18 Trust                                                            | CUSIP: 673913AC3<br>LEI: 254900NK9PNLY9I00149 | Long             | ABS-MBS          | CORP              | US        |     71172 | PA      | $71586.21     | 0.39%             | 2064-10-25      | Variable      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus              | Bravo Residential Funding Trust Series 2025-NQM1                                | CUSIP: 10569MAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     80693 | PA      | $81269.41     | 0.44%             | 2064-12-25      | Variable      | 5.81%                 | Yes           |                  2 | On Loan: No      |
| DYNASTY ACQUISITION CO I                    | DYNASTY ACQUISITION CO INC                                                      | CUSIP: 26812CAP1<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |      5456 | PA      | $5474.01      | 0.03%             | 2031-10-31      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan               | New Residential Mortgage Loan Trust 2024-NQM2                                   | CUSIP: 64832BAE5<br>LEI: 213800Z6O4V4V96AU133 | Long             | ABS-MBS          | CORP              | US        |     69454 | PA      | $69755.65     | 0.38%             | 2064-09-25      | Variable      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| PMT Loan Trust                              | PMT Loan Trust 2025-INV7                                                        | CUSIP: 73015FAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     88234 | PA      | $89649.12     | 0.49%             | 2056-06-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Babson CLO Ltd                              | Barings CLO Ltd 2022-III                                                        | CUSIP: 06762VAJ5<br>LEI: 549300P3XUH38MXFT836 | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $100432.33    | 0.55%             | 2037-10-20      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2025-1                                                   | CUSIP: 81743EAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    136606 | PA      | $138119.25    | 0.75%             | 2055-01-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Foundation Finance Trust                    | Foundation Finance Trust 2024-2                                                 | CUSIP: 35040VAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     84702 | PA      | $84972.14     | 0.46%             | 2050-03-15      | Fixed         | 4.93%                 | Yes           |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |   -218750 | NC      | $-57.79       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                  | Verus Securitization Trust 2024-9                                               | CUSIP: 92540RAE4<br>LEI: 213800LFRCPWSTP6LX39 | Long             | ABS-MBS          | CORP              | US        |     83699 | PA      | $84261.77     | 0.46%             | 2069-11-25      | Variable      | 5.89%                 | Yes           |                  2 | On Loan: No      |
| BROWN & BROWN, INC.                         | BROWN & BROWN INC                                                               | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               | CORP              | US        |    -98250 | PA      | $-98250.00    | -0.54%            |  |  |  | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T              | EFMT 2025-CES1                                                                  | CUSIP: 26846VAA2<br>LEI: 254900CMJGXNT3R7H775 | Long             | ABS-MBS          | CORP              | US        |     87110 | PA      | $88077.57     | 0.48%             | 2060-01-25      | Variable      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Tricon Residential                          | Tricon Residential 2025-SFR1 Trust                                              | CUSIP: 895974AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    198645 | PA      | $198803.03    | 1.08%             | 2042-03-17      | Floating      | 4.85%                 | Yes           |                  2 | On Loan: No      |
| FIGRE Trust                                 | FIGRE Trust 2024-HE4                                                            | CUSIP: 31684UAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     73147 | PA      | $73576.75     | 0.40%             | 2054-09-25      | Variable      | 5.06%                 | Yes           |                  2 | On Loan: No      |
| BCRED BSL CLO 2021-1, LTD                   | BCRED CLO 2025-1 LLC                                                            | CUSIP: 05556FAC7<br>LEI: 2549001W2Y6F50VEZG93 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250188.70    | 1.36%             | 2037-04-20      | Floating      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| HUNTER DOUGLAS INC                          | HUNTER DOUGLAS INC                                                              | CUSIP: 000000000<br>LEI: 529900811T142NS3H544 | Long             | LON              | CORP              | US        |     79200 | PA      | $79497.00     | 0.43%             | 2032-01-20      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| XPO INC                                     | XPO LOGISTICS INC                                                               | CUSIP: 98379EAL0<br>LEI: 54930096DB9LCLPN7H13 | Long             | LON              | CORP              | US        |     83571 | PA      | $83905.72     | 0.46%             | 2028-05-24      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                     | TRTX 2025-FL6 Issuer Ltd                                                        | CUSIP: 897764AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $100234.21    | 0.55%             | 2042-09-18      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| THEVELIA US LLC                             | THEVELIA US LLC                                                                 | CUSIP: 88372KAH3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     24747 | PA      | $24809.35     | 0.14%             | 2029-06-18      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.             | CDS CDX.NA.HY.45.V1                                                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-19383.22    | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| FIGRE Trust                                 | FIGRE Trust 2025-HE1                                                            | CUSIP: 30191LAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    120750 | PA      | $122468.74    | 0.67%             | 2055-01-25      | Variable      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding              | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RKM5<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $203308.60    | 1.11%             | 2029-08-20      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| AMWINS GROUP INC                            | AMWINS GROUP INC                                                                | CUSIP: 03234TBA5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |     99000 | PA      | $99247.50     | 0.54%             | 2032-01-30      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                 | FIGRE Trust 2024-HE6                                                            | CUSIP: 31684DAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    119240 | PA      | $120357.72    | 0.66%             | 2054-12-25      | Variable      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                    | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                             | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $24635.34     | 0.13%             | 2026-10-15      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| ROCKET COMPANIES INC                        | ROCKET COMPANIES INC                                                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               | CORP              | US        |   -146625 | PA      | $-146625.00   | -0.80%            |  |  |  | No            |                  2 | On Loan: No      |
| ROCKET COS INC                              | Rocket Cos Inc                                                                  | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $155051.87    | 0.84%             | 2030-08-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                   | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |   -350000 | NC      | $-518.32      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |   -218750 | NC      | $-39.40       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | USD CALL VERSUS EUR PUT                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |    397000 | NC      | $4.58         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | THREE-MONTH SOFR                                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |        15 | NC      | $2625.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS BANK PLC                           | USD/EUR FORWARD                                                                 | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              | CORP              | US        |         1 | NC      | $332.14       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | USD/EUR FORWARD                                                                 | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-8.21        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |    340000 | NC      | $2991.43      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -218750 | NC      | $-59.45       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -350000 | NC      | $-513.12      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -306250 | NC      | $-407.22      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -218750 | NC      | $-26.62       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |   -340000 | NC      | $-1042.16     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -218750 | NC      | $-52.18       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                   | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |   -218750 | NC      | $-38.13       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | USD CALL VERSUS EUR PUT                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |    311000 | NC      | $2.22         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -218750 | NC      | $-48.63       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL SERVICES LLC         | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DIR              | CORP              | US        |   -218750 | NC      | $-26.78       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |    340000 | NC      | $3024.82      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL SERVICES LLC         | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DIR              | CORP              | US        |    340000 | NC      | $2991.43      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | USD CALL VERSUS EUR PUT                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |    176000 | NC      | $1.26         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL SERVICES LLC         | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DIR              | CORP              | US        |   -340000 | NC      | $-1042.16     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | JPY CALL VERSUS USD PUT                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |    101000 | NC      | $83.07        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | JPY CALL VERSUS USD PUT                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |     81000 | NC      | $66.62        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | USD CALL VERSUS EUR PUT                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |    355000 | NC      | $1.83         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | JPY CALL VERSUS USD PUT                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |     42000 | NC      | $110.08       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                   | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |    340000 | NC      | $2991.43      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |   -218750 | NC      | $-310.60      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL SERVICES LLC         | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DIR              | CORP              | US        |   -218750 | NC      | $-51.72       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -218750 | NC      | $-58.04       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | USD CALL VERSUS EUR PUT                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |    311000 | NC      | $2.22         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                   | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |   -340000 | NC      | $-1042.16     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | JPY CALL VERSUS USD PUT                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |     18000 | NC      | $14.80        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -340000 | NC      | $-1053.01     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | IRS USD                                                                         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-2285.28     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | IRS USD                                                                         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $14782.82     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | IRS USD                                                                         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $6480.08      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | IRS USD                                                                         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $4886.68      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | IRS USD                                                                         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $13818.89     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.             | CDS CDX.NA.IG.45.V1                                                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-11460.76    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | IRS USD                                                                         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-5611.51     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Invitation Homes Trust                      | Invitation Homes 2024-SFR1 Trust                                                | CUSIP: 46188DAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $97387.62     | 0.53%             | 2041-09-17      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Arbys Funding LLC                           | Arbys Funding LLC                                                               | CUSIP: 038779AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     94750 | PA      | $92284.37     | 0.50%             | 2050-07-30      | Fixed         | 3.24%                 | Yes           |                  2 | On Loan: No      |
| PMT Loan Trust                              | PMT Loan Trust 2025-INV8                                                        | CUSIP: 73015EAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    229973 | PA      | $234278.22    | 1.28%             | 2056-07-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| DYNASTY ACQUISITION CO I                    | DYNASTY ACQUISITION CO INC                                                      | CUSIP: 26812CAN6<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |     14344 | PA      | $14391.33     | 0.08%             | 2031-10-31      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| JCP Direct Lending CLO LLC                  | JCP Direct Lending CLO 2023-1 LLC                                               | CUSIP: 46656TAS5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    100000 | PA      | $100135.18    | 0.55%             | 2037-07-20      | Floating      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| Stack Infrastructure Issuer LL              | Stack Infrastructure Issuer LLC                                                 | CUSIP: 85236KAP7<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $98798.07     | 0.54%             | 2050-05-25      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                      | Switch ABS Issuer LLC                                                           | CUSIP: 871044AL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $98300.18     | 0.54%             | 2055-03-25      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| GENESEE & WYOMING INC                       | GENESEE & WYOMING INC                                                           | CUSIP: 37156QAZ9<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | LON              | CORP              | US        |     49748 | PA      | $49735.68     | 0.27%             | 2031-04-10      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag              | PRPM 2025-RPL3 LLC                                                              | CUSIP: 69392NAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $95005.27     | 0.52%             | 2055-04-25      | Variable      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley & Co. International plc      | EUR/USD FORWARD                                                                 | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-54.53       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd              | Golub Capital Partners CLO 54M L.P                                              | CUSIP: 38181GAA3<br>LEI: 2549007JA1TZWEDGPD41 | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $100087.63    | 0.55%             | 2037-08-05      | Floating      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| Servpro Master Issuer, LLC                  | SERVPRO Master Issuer LLC                                                       | CUSIP: 817743AJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     98250 | PA      | $101414.36    | 0.55%             | 2054-01-25      | Fixed         | 6.17%                 | Yes           |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                          | Subway Funding LLC                                                              | CUSIP: 864300AG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     49500 | PA      | $49323.24     | 0.27%             | 2054-07-30      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Castlelake Aircraft Securitiza              | Castlelake Aircraft Structured Trust 2025-1                                     | CUSIP: 14856VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    233660 | PA      | $237422.98    | 1.29%             | 2050-02-15      | Fixed         | 5.78%                 | Yes           |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag              | PRPM 2025-6 LLC                                                                 | CUSIP: 69395KAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     92420 | PA      | $92568.50     | 0.50%             | 2028-08-25      | Variable      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                   | Fannie Mae or Freddie Mac                                                       | CUSIP: 01F042426<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    377525 | PA      | $377495.50    | 2.06%             | 2041-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                  | Verus Securitization Trust 2025-5                                               | CUSIP: 92540XAA9<br>LEI: 213800Z7TIVJRAYLRV98 | Long             | ABS-MBS          | CORP              | US        |     90718 | PA      | $91443.39     | 0.50%             | 2070-06-25      | Variable      | 5.43%                 | Yes           |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus              | BRAVO Residential Funding Trust 2024-NQM5                                       | CUSIP: 105925AC5<br>LEI: 254900RBHU9OC1RNXD92 | Long             | ABS-MBS          | CORP              | US        |    106441 | PA      | $107248.75    | 0.58%             | 2064-06-25      | Variable      | 6.16%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust Series 2024-NQM1                                       | CUSIP: 465983AC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     71062 | PA      | $71692.94     | 0.39%             | 2064-02-25      | Variable      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                                   | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51955.26     | 0.28%             | N/A             | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -306250 | NC      | $-511.59      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Five Guys Funding, LLC                      | Five Guys Holdings Inc                                                          | CUSIP: 33830JAE5<br>LEI: 549300XWT8G8Q3Z3HJ19 | Long             | ABS-O            | CORP              | US        |     99000 | PA      | $101819.59    | 0.55%             | 2054-01-26      | Fixed         | 7.55%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac REMICS                                                              | CUSIP: 3137HMA67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     82170 | PA      | $83197.29     | 0.45%             | 2053-04-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus              | Bravo Residential Funding Trust 2025-Ces1                                       | CUSIP: 10569PAA4<br>LEI: 254900AZU85EXAPTTF77 | Long             | ABS-MBS          | CORP              | US        |    132366 | PA      | $133626.89    | 0.73%             | 2055-02-25      | Variable      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC                    | BOOST NEWCO BORROWER LLC                                                        | CUSIP: 92943EAG1<br>LEI: 254900S8RE1OL7TTCU64 | Long             | LON              | CORP              | US        |     99250 | PA      | $99312.53     | 0.54%             | 2031-01-31      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                     | GA GLOBAL FUNDING TRUST                                                         | CUSIP: 000000000<br>LEI: 54930029I8ROQ4OROZ88 | Short            | RA               | CORP              | US        |   -149438 | PA      | $-149437.50   | -0.81%            |  |  |  | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                         | Sirius XM Radio LLC                                                             | CUSIP: 82967NBL1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     85000 | PA      | $84252.68     | 0.46%             | 2026-09-01      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| Cross Mortgage Trust                        | Cross 2025-H6 Mortgage Trust                                                    | CUSIP: 22758TAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     94831 | PA      | $95226.08     | 0.52%             | 2070-07-25      | Variable      | 5.18%                 | Yes           |                  2 | On Loan: No      |
| F&G GLOBAL FUNDING                          | F&G Global Funding                                                              | CUSIP: 30321L2J0<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25941.05     | 0.14%             | 2030-01-16      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CLEARWATER ANALYTICS LLC                    | CLEARWATER ANALYTICS LLC                                                        | CUSIP: 18512EAF9<br>LEI: 894500N8DN2JO5ZDRQ11 | Long             | LON              | CORP              | US        |    100000 | PA      | $99813.00     | 0.54%             | 2032-04-21      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENT/SIX FLAG                      | Six Flags Entertainment Corp /Six Flags Theme Parks Inc/ Canada's Wonderland Co | CUSIP: 83002YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $25210.35     | 0.14%             | 2032-05-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL SERVICES LLC         | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DIR              | CORP              | US        |   -218750 | NC      | $-48.59       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                        | Cross 2025-H1 Mortgage Trust                                                    | CUSIP: 22758NAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    125143 | PA      | $126322.98    | 0.69%             | 2070-02-25      | Variable      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac REMICS                                                              | CUSIP: 3137HLKN1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    177225 | PA      | $180475.26    | 0.98%             | 2051-12-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization              | AASET 2025-1                                                                    | CUSIP: 00258PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    234448 | PA      | $238930.50    | 1.30%             | 2050-02-16      | Fixed         | 5.94%                 | Yes           |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora              | Chase Home Lending Mortgage Trust 2025-5                                        | CUSIP: 161935AE1<br>LEI: 529900V91KVGSU3Z1A61 | Long             | ABS-MBS          | CORP              | US        |    116627 | PA      | $117387.08    | 0.64%             | 2056-04-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| AGL CLO 1 Ltd.                              | AGL CLO 39 Ltd                                                                  | CUSIP: 00121XAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250476.55    | 1.36%             | 2038-04-20      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| QTS ISSUER ABS I LLC                        | QTS Issuer ABS I LLC                                                            | CUSIP: 74690DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100679.92    | 0.55%             | 2055-05-25      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                   | Fannie Mae or Freddie Mac                                                       | CUSIP: 01F042418<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    182475 | PA      | $182539.15    | 0.99%             | 2041-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WHITEWATERMATTERHORNHO                      | WHITEWATERMATTERHORNHO                                                          | CUSIP: 000000000<br>LEI: 2138009J7G187M6C4Q91 | Long             | LON              | CORP              | US        |    100000 | PA      | $100296.00    | 0.55%             | 2032-06-16      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| STORE Master Funding LLC                    | Store Master Funding I-VII XIV XIX XX XXIV XXII                                 | CUSIP: 86212XAM2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     99167 | PA      | $101578.70    | 0.55%             | 2054-05-20      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Ares Direct Lending CLO LLC                 | Ares Direct Lending CLO 2 LLC                                                   | CUSIP: 04021CAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $100109.51    | 0.55%             | 2036-10-20      | Floating      | 5.78%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** Guggenheim Funds Trust

**Signature:** James Howley

**Name of Signer:** James Howley

**Title:** Chief Financial Officer