# EDGAR Filing Document

**Accession Number:** 0000872649
**File Stem:** 0001410368-25-031132
**Filing Date:** 2025-11
**Character Count:** 364503
**Document Hash:** 8a0afbd291696f5192c5d7c232ee5f1b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-031132.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001410368-25-031132

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LOOMIS SAYLES FUNDS II
- **CENTRAL INDEX KEY:** 0000872649

**ORGANIZATION NAME:**
- **EIN:** 043113285
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06241
- **FILM NUMBER:** 251522615

**BUSINESS ADDRESS:**
- **STREET 1:** 888 BOYLSTON STREET
- **STREET 2:** 8TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 617-449-2810

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LOOMIS SAYLES FUNDS I
- **DATE OF NAME CHANGE:** 20031119

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LOOMIS SAYLES FUNDS
- **DATE OF NAME CHANGE:** 20031015

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LOOMIS SAYLES FUNDS II
- **DATE OF NAME CHANGE:** 20030718

## Series and Classes Contracts Data

### Loomis Sayles Strategic Income Fund (Series ID: S000006706)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000018251 | Class A      | NEFZX           |
| C000018253 | Class C      | NECZX           |
| C000018254 | Class Y      | NEZYX           |
| C000082999 | Admin Class  | NEZAX           |
| C000125487 | Class N      | NEZNX           |

## Nport-Ex

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

Loomis Sayles Strategic Income Fund

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount (‡)**<br>| **Description** | **Value (†)** |
| **Bonds and Notes — 76.9% of Net Assets** | **Bonds and Notes — 76.9% of Net Assets** | **Bonds and Notes — 76.9% of Net Assets** |
| **Non-Convertible Bonds — 74.5%** | **Non-Convertible Bonds — 74.5%** | **Non-Convertible Bonds — 74.5%** |
|  | **ABS Car Loan — 0.6%** | **ABS Car Loan — 0.6%** |
| $1070000 | &nbsp;&nbsp; Avis Budget Rental Car Funding AESOP LLC, <br> Series 2023-1A, Class D, 7.590%, 4/20/2029(a)<br>| &nbsp;&nbsp; $1101610 |
| 670000 | &nbsp;&nbsp; Avis Budget Rental Car Funding AESOP LLC, <br> Series 2023-2A, Class D, 7.260%, 10/20/2027(a)<br>| &nbsp;&nbsp; 677711 |
| 710000 | &nbsp;&nbsp; Avis Budget Rental Car Funding AESOP LLC, <br> Series 2023-3A, Class D, 7.320%, 2/20/2028(a)<br>| &nbsp;&nbsp; 721041 |
| 680000 | &nbsp;&nbsp; Avis Budget Rental Car Funding AESOP LLC, <br> Series 2023-4A, Class D, 7.310%, 6/20/2029(a)<br>| &nbsp;&nbsp; 696297 |
| 900000 | &nbsp;&nbsp; Avis Budget Rental Car Funding AESOP LLC, <br> Series 2023-5A, Class D, 7.350%, 4/20/2028(a)<br>| &nbsp;&nbsp; 914095 |
| 715000 | &nbsp;&nbsp; Avis Budget Rental Car Funding AESOP LLC, <br> Series 2024-1A, Class C, 6.480%, 6/20/2030(a)<br>| &nbsp;&nbsp; 742052 |
| 3020000 | &nbsp;&nbsp; Carvana Auto Receivables Trust, <br> Series 2024-N3, Class E, 7.660%, 4/12/2032(a)<br>| &nbsp;&nbsp; 3122559 |
| 1030000 | &nbsp;&nbsp; Credit Acceptance Auto Loan Trust, <br> Series 2024-1A, Class C, 6.710%, 7/17/2034(a)<br>| &nbsp;&nbsp; 1059996 |
| 940000 | &nbsp;&nbsp; First Investors Auto Owner Trust, <br> Series 2022-2A, Class D, 8.710%, 10/16/2028(a)<br>| &nbsp;&nbsp; 971551 |
| 1295000 | &nbsp;&nbsp; Hertz Vehicle Financing III LLC, Series 2023-1A, <br> Class 1D, 9.130%, 6/25/2027(a)<br>| &nbsp;&nbsp; 1312753 |
| 200000 | &nbsp;&nbsp; LAD Auto Receivables Trust, Series 2024-3A, <br> Class D, 5.180%, 2/17/2032(a)<br>| &nbsp;&nbsp; 202547 |
| 2810000 | &nbsp;&nbsp; Prestige Auto Receivables Trust, Series 2022-1A, <br> Class D, 8.080%, 8/15/2028(a)<br>| &nbsp;&nbsp; 2875448 |
| 175000 | &nbsp;&nbsp; SBNA Auto Receivables Trust, Series 2024-A, <br> Class C, 5.590%, 1/15/2030(a)<br>| &nbsp;&nbsp; 178420 |
| 240000 | &nbsp;&nbsp; SBNA Auto Receivables Trust, Series 2024-A, <br> Class D, 6.040%, 4/15/2030(a)<br>| &nbsp;&nbsp; 247649 |
| 200000 | &nbsp;&nbsp; VStrong Auto Receivables Trust, Series 2024-A, <br> Class D, 7.290%, 7/15/2030(a)<br>| &nbsp;&nbsp; 208258 |
| 1540000 | &nbsp;&nbsp; Westlake Automobile Receivables Trust, <br> Series 2023-1A, Class D, 6.790%, 11/15/2028(a)<br>| &nbsp;&nbsp; 1581339 |
|  |  | &nbsp;&nbsp; 16613326 |
|  | **ABS Credit Card — 0.4%** | **ABS Credit Card — 0.4%** |
| 6145000 | &nbsp;&nbsp; Fortiva Retail Credit Master Note Business <br> Trust, Series 2024-ONE, Class B, <br> 9.700%, 11/15/2029(a)<br>| &nbsp;&nbsp; 6241600 |
| 4285000 | &nbsp;&nbsp; Mercury Financial Credit Card Master Trust, <br> Series 2024-2A, Class A, 6.560%, 7/20/2029(a)<br>| &nbsp;&nbsp; 4317823 |
|  |  | &nbsp;&nbsp; 10559423 |
|  | **ABS Home Equity — 1.3%** | **ABS Home Equity — 1.3%** |
| 5350000 | &nbsp;&nbsp; CoreVest American Finance Ltd., Series 2021-1, <br> Class D, 3.247%, 4/15/2053(a)<br>| &nbsp;&nbsp; 4774722 |
| 1510000 | &nbsp;&nbsp; CoreVest American Finance Ltd., Series 2021-3, <br> Class D, 3.469%, 10/15/2054(a)<br>| &nbsp;&nbsp; 1358717 |
| 3245000 | &nbsp;&nbsp; CoreVest American Finance Ltd., <br> Series 2023-RTL1, Class A1, <br> 7.553%, 12/28/2030(a)(b)<br>| &nbsp;&nbsp; 3259632 |
| 2510000 | &nbsp;&nbsp; Credit Suisse Mortgage Trust, Series 2021-RPL6, <br> Class M2, 3.125%, 10/25/2060(a)<br>| &nbsp;&nbsp; 1984099 |
| 8290042 | &nbsp;&nbsp; Home Partners of America Trust, Series 2021-2, <br> Class E1, 2.852%, 12/17/2026(a)<br>| &nbsp;&nbsp; 8034983 |
| 4145021 | &nbsp;&nbsp; Home Partners of America Trust, Series 2021-2, <br> Class E2, 2.952%, 12/17/2026(a)<br>| &nbsp;&nbsp; 4015186 |
| 335452 | &nbsp;&nbsp; PRPM LLC, Series 2025-2, Class A1, <br> 6.469%, 5/25/2030(a)(b)<br>| &nbsp;&nbsp; 336670 |
| 3825000 | &nbsp;&nbsp; PRPM LLC, Series 2025-2, Class A2, <br> 9.560%, 5/25/2030(a)(b)<br>| &nbsp;&nbsp; 3841206 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **ABS Home Equity — continued** | **ABS Home Equity — continued** |
| $548573 | &nbsp;&nbsp; Redwood Funding Trust, Series 2023-1, Class A, <br> 7.500%, 7/25/2059(a)(b)<br>| &nbsp;&nbsp; $546733 |
| 3844451 | &nbsp;&nbsp; Redwood Funding Trust, Series 2025-1, Class A, <br> 7.584%, 5/27/2055(a)(b)<br>| &nbsp;&nbsp; 3846373 |
| 800000 | &nbsp;&nbsp; Toorak Mortgage Trust, Series 2024-RRTL1, <br> Class A1, 6.597%, 2/25/2039(a)(b)<br>| &nbsp;&nbsp; 804324 |
| 1120000 | &nbsp;&nbsp; Towd Point Mortgage Trust, Series 2017-4, <br> Class M2, 3.250%, 6/25/2057(a)(b)<br>| &nbsp;&nbsp; 990625 |
| 795000 | &nbsp;&nbsp; Towd Point Mortgage Trust, Series 2019-4, <br> Class M1, 3.500%, 10/25/2059(a)(b)<br>| &nbsp;&nbsp; 698291 |
|  |  | &nbsp;&nbsp; 34491561 |
|  | **ABS Other — 4.2%** | **ABS Other — 4.2%** |
| 2182700 | &nbsp;&nbsp; AASET Trust, Series 2021-2A, Class B, <br> 3.538%, 1/15/2047(a)<br>| &nbsp;&nbsp; 2068037 |
| 1282140 | &nbsp;&nbsp; AASET Trust, Series 2025-1A, Class A, <br> 5.943%, 2/16/2050(a)<br>| &nbsp;&nbsp; 1320786 |
| 1160000 | &nbsp;&nbsp; Aqua Finance Trust, Series 2024-A, Class D, <br> 6.530%, 4/18/2050(a)<br>| &nbsp;&nbsp; 1185547 |
| 1021535 | &nbsp;&nbsp; BHG Securitization Trust, Series 2024-1CON, <br> Class B, 6.490%, 4/17/2035(a)<br>| &nbsp;&nbsp; 1049593 |
| 330000 | &nbsp;&nbsp; BHG Securitization Trust, Series 2024-1CON, <br> Class C, 6.860%, 4/17/2035(a)<br>| &nbsp;&nbsp; 338454 |
| 1674027 | &nbsp;&nbsp; Business Jet Securities LLC, Series 2024-2A, <br> Class C, 7.974%, 9/15/2039(a)<br>| &nbsp;&nbsp; 1682673 |
| 2028037 | &nbsp;&nbsp; Castlelake Aircraft Securitization Trust, <br> Series 2018-1, Class B, 5.300%, 6/15/2043(a)<br>| &nbsp;&nbsp; 1957920 |
| 385851 | &nbsp;&nbsp; Castlelake Aircraft Structured Trust, <br> Series 2019-1A, Class A, 3.967%, 4/15/2039(a)<br>| &nbsp;&nbsp; 381217 |
| 2437290 | &nbsp;&nbsp; CLI Funding VIII LLC, Series 2025-R, Class A, <br> 6.610%, 6/21/2050(a)<br>| &nbsp;&nbsp; 2416237 |
| 8152699 | &nbsp;&nbsp; Clsec Holdings 22t LLC, Series 2021-1, Class C, <br> 6.171%, 5/11/2037(a)<br>| &nbsp;&nbsp; 7820387 |
| 184898 | &nbsp;&nbsp; Elara HGV Timeshare Issuer LLC, Series 2021-A, <br> Class C, 2.090%, 8/27/2035(a)<br>| &nbsp;&nbsp; 176103 |
| 497304 | &nbsp;&nbsp; Foundation Finance Trust, Series 2023-2A, <br> Class D, 9.100%, 6/15/2049(a)<br>| &nbsp;&nbsp; 532314 |
| 3675000 | &nbsp;&nbsp; Frontier Issuer LLC, Series 2023-1, Class C, <br> 11.500%, 8/20/2053(a)<br>| &nbsp;&nbsp; 3830629 |
| 6080000 | &nbsp;&nbsp; Frontier Issuer LLC, Series 2024-1, Class C, <br> 11.160%, 6/20/2054(a)<br>| &nbsp;&nbsp; 6822127 |
| 2500000 | &nbsp;&nbsp; Global SC Finance X Ltd., Series 2025-1H, <br> Class A, 6.169%, 9/22/2045(a)<br>| &nbsp;&nbsp; 2498607 |
| 2535000 | &nbsp;&nbsp; Global SC Finance X Ltd., Series 2025-1H, <br> Class B, 7.848%, 9/22/2045(a)<br>| &nbsp;&nbsp; 2533798 |
| 785108 | &nbsp;&nbsp; GoodLeap Home Improvement Solutions Trust, <br> Series 2024-1A, Class B, 6.380%, 10/20/2046(a)<br>| &nbsp;&nbsp; 800385 |
| 329763 | &nbsp;&nbsp; Hilton Grand Vacations Trust, Series 2024-1B, <br> Class D, 8.850%, 9/15/2039(a)<br>| &nbsp;&nbsp; 339425 |
| 26682 | &nbsp;&nbsp; HIN Timeshare Trust, Series 2020-A, Class C, <br> 3.420%, 10/09/2039(a)<br>| &nbsp;&nbsp; 26142 |
| 415000 | &nbsp;&nbsp; Island Finance Trust, Series 2025-1A, Class A, <br> 6.540%, 3/19/2035(a)<br>| &nbsp;&nbsp; 422273 |
| 2705000 | &nbsp;&nbsp; Kapitus Asset Securitization V LLC, <br> Series 2025-1A, Class C, 7.400%, 4/10/2032(a)<br>| &nbsp;&nbsp; 2724187 |
| 342242 | &nbsp;&nbsp; KDAC Aviation Finance Ltd., Series 2017-1A, <br> Class A, 4.212%, 12/15/2042(a)<br>| &nbsp;&nbsp; 339686 |
| 238936 | &nbsp;&nbsp; Kestrel Aircraft Funding Ltd., Series 2018-1A, <br> Class A, 4.250%, 12/15/2038(a)<br>| &nbsp;&nbsp; 238620 |
| 719899 | &nbsp;&nbsp; Labrador Aviation Finance Ltd., Series 2016-1A, <br> Class A1, 4.300%, 1/15/2042(a)<br>| &nbsp;&nbsp; 701873 |
| 2076813 | &nbsp;&nbsp; Lunar Structured Aircraft Portfolio Notes, <br> Series 2021-1, Class B, 3.432%, 10/15/2046(a)<br>| &nbsp;&nbsp; 1973703 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **ABS Other — continued** | **ABS Other — continued** |
| $3467128 | &nbsp;&nbsp; MAPS Trust, Series 2021-1A, Class A, <br> 2.521%, 6/15/2046(a)<br>| &nbsp;&nbsp; $3315914 |
| 505000 | &nbsp;&nbsp; Mariner Finance Issuance Trust, <br> Series 2024-AA, Class D, 6.770%, 9/22/2036(a)<br>| &nbsp;&nbsp; 518267 |
| 2400000 | &nbsp;&nbsp; Marlette Funding Trust, Series 2023-4A, Class B, <br> 8.150%, 12/15/2033(a)<br>| &nbsp;&nbsp; 2485740 |
| 684046 | &nbsp;&nbsp; Marlette Funding Trust, Series 2024-1A, Class B, <br> 6.070%, 7/17/2034(a)<br>| &nbsp;&nbsp; 686947 |
| 1200000 | &nbsp;&nbsp; MetroNet Infrastructure Issuer LLC, <br> Series 2025-2A, Class C, 7.830%, 8/20/2055(a)<br>| &nbsp;&nbsp; 1220128 |
| 10248451 | &nbsp;&nbsp; Navigator Aircraft ABS Ltd., Series 2021-1, <br> Class B, 3.571%, 11/15/2046(a)(b)<br>| &nbsp;&nbsp; 9777512 |
| 435000 | &nbsp;&nbsp; Onemain Financial Issuance Trust, <br> Series 2025-1A, Class D, 5.790%, 7/14/2038(a)<br>| &nbsp;&nbsp; 443201 |
| 2100000 | &nbsp;&nbsp; QTS Issuer ABS II LLC, Series 2025-1A, Class B, <br> 5.778%, 10/05/2055(a)<br>| &nbsp;&nbsp; 2086913 |
| 695000 | &nbsp;&nbsp; Reach ABS Trust, Series 2025-1A, Class C, <br> 5.990%, 8/16/2032(a)<br>| &nbsp;&nbsp; 708235 |
| 440000 | &nbsp;&nbsp; SCF Equipment Leasing LLC, Series 2024-1A, <br> Class C, 5.820%, 9/20/2032(a)<br>| &nbsp;&nbsp; 453764 |
| 435000 | &nbsp;&nbsp; SCF Equipment Leasing LLC, Series 2024-1A, <br> Class D, 6.580%, 6/21/2033(a)<br>| &nbsp;&nbsp; 455730 |
| 897750 | &nbsp;&nbsp; SEB Funding LLC, Series 2021-1A, Class A2, <br> 4.969%, 1/30/2052(a)<br>| &nbsp;&nbsp; 887908 |
| 3195000 | &nbsp;&nbsp; SEB Funding LLC, Series 2024-1A, Class A2, <br> 7.386%, 4/30/2054(a)<br>| &nbsp;&nbsp; 3267540 |
| 582303 | &nbsp;&nbsp; Shenton Aircraft Investment I Ltd., <br> Series 2015-1A, Class A, 4.750%, 10/15/2042(a)<br>| &nbsp;&nbsp; 571108 |
| 8139630 | &nbsp;&nbsp; Slam Ltd., Series 2021-1A, Class A, <br> 2.434%, 6/15/2046(a)<br>| &nbsp;&nbsp; 7677415 |
| 250513 | &nbsp;&nbsp; Stream Innovations Issuer Trust, Series 2024-1A, <br> Class A, 6.270%, 7/15/2044(a)<br>| &nbsp;&nbsp; 260697 |
| 1223475 | &nbsp;&nbsp; Sunnova Helios V Issuer LLC, Series 2021-A, <br> Class B, 3.150%, 2/20/2048(a)<br>| &nbsp;&nbsp; 629440 |
| 1143337 | &nbsp;&nbsp; Sunrun Atlas Issuer LLC, Series 2019-2, Class A, <br> 3.610%, 2/01/2055(a)<br>| &nbsp;&nbsp; 1093353 |
| 430482 | &nbsp;&nbsp; Sunrun Demeter Issuer LLC, Series 2021-2A, <br> Class A, 2.270%, 1/30/2057(a)<br>| &nbsp;&nbsp; 387115 |
| 236408 | &nbsp;&nbsp; Thunderbolt III Aircraft Lease Ltd., <br> Series 2019-1, Class A, 3.671%, 11/15/2039(a)<br>| &nbsp;&nbsp; 232787 |
| 7525000 | &nbsp;&nbsp; TMCL VII Holdings Ltd., Series 2025-1H, Class B, <br> 8.060%, 7/23/2050(a)<br>| &nbsp;&nbsp; 7540185 |
| 2605000 | &nbsp;&nbsp; Trafigura Securitisation Finance PLC, <br> Series 2024-1A, Class B, 7.290%, 11/15/2027(a)<br>| &nbsp;&nbsp; 2615256 |
| 610000 | &nbsp;&nbsp; Uniti Fiber ABS Issuer LLC, Series 2025-1A, <br> Class A2, 5.877%, 4/20/2055(a)<br>| &nbsp;&nbsp; 621228 |
| 1691998 | &nbsp;&nbsp; Vivint Solar Financing V LLC, Series 2018-1A, <br> Class A, 4.730%, 4/30/2048(a)<br>| &nbsp;&nbsp; 1616970 |
| 1135924 | &nbsp;&nbsp; Volofin Finance DAC, Series 2024-1A, Class A, <br> 5.935%, 6/15/2037(a)<br>| &nbsp;&nbsp; 1158029 |
| 1588088 | &nbsp;&nbsp; Volofin Finance DAC, Series 2024-1A, Class B, <br> 6.211%, 6/15/2037(a)<br>| &nbsp;&nbsp; 1630044 |
| 9295248 | &nbsp;&nbsp; Wave LLC, Series 2019-1, Class C, <br> 6.413%, 9/15/2044(a)<br>| &nbsp;&nbsp; 7803500 |
| 7688665 | &nbsp;&nbsp; Willis Engine Structured Trust VI, Series 2021-A, <br> Class A, 3.104%, 5/15/2046(a)<br>| &nbsp;&nbsp; 7219584 |
|  |  | &nbsp;&nbsp; 111545233 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **ABS Residential Mortgage — 0.0%** | **ABS Residential Mortgage — 0.0%** |
| $577249 | &nbsp;&nbsp; NYMT Loan Trust, Series 2025-R1, Class A, <br> 6.381%, 2/25/2030(a)(b)<br>| &nbsp;&nbsp; $578357 |
| 205000 | &nbsp;&nbsp; RCO VIII Mortgage LLC, Series 2025-3, Class A2, <br> 8.836%, 5/25/2030(a)(b)<br>| &nbsp;&nbsp; 206371 |
|  |  | &nbsp;&nbsp; 784728 |
|  | **ABS Student Loan — 0.1%** | **ABS Student Loan — 0.1%** |
| 612126 | &nbsp;&nbsp; Ascent Education Funding Trust, Series 2024-A, <br> Class A, 6.140%, 10/25/2050(a)<br>| &nbsp;&nbsp; 627377 |
| 495000 | &nbsp;&nbsp; Ascent Education Funding Trust, Series 2024-A, <br> Class C, 8.010%, 10/25/2050(a)<br>| &nbsp;&nbsp; 511057 |
| 1040000 | &nbsp;&nbsp; College Ave Student Loans LLC, Series 2024-B, <br> Class B, 6.080%, 8/25/2054(a)<br>| &nbsp;&nbsp; 1072886 |
|  |  | &nbsp;&nbsp; 2211320 |
|  | **ABS Whole Business — 0.5%** | **ABS Whole Business — 0.5%** |
| 5925000 | &nbsp;&nbsp; Applebee's Funding LLC/IHOP Funding LLC, <br> Series 2023-1A, Class A2, 7.824%, 3/05/2053(a)<br>| &nbsp;&nbsp; 6028108 |
| 1473750 | &nbsp;&nbsp; FOCUS Brands Funding, Series 2023-2, Class A2, <br> 8.241%, 10/30/2053(a)<br>| &nbsp;&nbsp; 1565899 |
| 502350 | &nbsp;&nbsp; Hardee's Funding LLC, Series 2024-1A, Class A2, <br> 7.253%, 3/20/2054(a)<br>| &nbsp;&nbsp; 520228 |
| 739863 | &nbsp;&nbsp; Planet Fitness Master Issuer LLC, <br> Series 2019-1A, Class A2, 3.858%, 12/05/2049(a)<br>| &nbsp;&nbsp; 709419 |
| 130275 | &nbsp;&nbsp; Planet Fitness Master Issuer LLC, <br> Series 2022-1A, Class A2I, 3.251%, 12/05/2051(a)<br>| &nbsp;&nbsp; 128015 |
| 1950300 | &nbsp;&nbsp; Planet Fitness Master Issuer LLC, <br> Series 2024-1A, Class A2I, 5.765%, 6/05/2054(a)<br>| &nbsp;&nbsp; 1988742 |
| 1990000 | &nbsp;&nbsp; Wingstop Funding LLC, Series 2024-1A, Class A2, <br> 5.858%, 12/05/2054(a)<br>| &nbsp;&nbsp; 2061767 |
|  |  | &nbsp;&nbsp; 13002178 |
|  | **Aerospace & Defense — 1.6%** | **Aerospace & Defense — 1.6%** |
| 2230000 | Axon Enterprise, Inc., 6.125%, 3/15/2030(a) | &nbsp;&nbsp; 2290271 |
| 1130000 | Axon Enterprise, Inc., 6.250%, 3/15/2033(a) | &nbsp;&nbsp; 1163104 |
| 7895000 | Boeing Co., 3.625%, 2/01/2031 | &nbsp;&nbsp; 7561798 |
| 15485000 | Boeing Co., 5.805%, 5/01/2050 | &nbsp;&nbsp; 15470503 |
| 345000 | Boeing Co., 5.930%, 5/01/2060 | &nbsp;&nbsp; 344653 |
| 2100000 | Boeing Co., 6.528%, 5/01/2034 | &nbsp;&nbsp; 2321479 |
| 9835000 | Boeing Co., 6.858%, 5/01/2054 | &nbsp;&nbsp; 11218815 |
| 2360000 | Boeing Co., 7.008%, 5/01/2064 | &nbsp;&nbsp; 2732062 |
|  |  | &nbsp;&nbsp; 43102685 |
|  | **Agency Commercial Mortgage-Backed Securities — 0.0%** | **Agency Commercial Mortgage-Backed Securities — 0.0%** |
| 1350000 | &nbsp;&nbsp; Arixa Mortgage Trust, Series 2025-RTL1, <br> Class A1, 5.735%, 8/25/2030(a)<br>| &nbsp;&nbsp; 1357533 |
|  | **Apartment REITs — 0.1%** | **Apartment REITs — 0.1%** |
| 1740000 | &nbsp;&nbsp; Invitation Homes Operating Partnership LP, <br> 4.875%, 2/01/2035<br>| &nbsp;&nbsp; 1718257 |
|  | **Automotive — 0.3%** | **Automotive — 0.3%** |
| 2080000 | &nbsp;&nbsp; ZF North America Capital, Inc., <br> 6.750%, 4/23/2030(a)<br>| &nbsp;&nbsp; 2029829 |
| 2055000 | &nbsp;&nbsp; ZF North America Capital, Inc., <br> 6.875%, 4/14/2028(a)<br>| &nbsp;&nbsp; 2080461 |
| 3165000 | &nbsp;&nbsp; ZF North America Capital, Inc., <br> 6.875%, 4/23/2032(a)<br>| &nbsp;&nbsp; 3030193 |
| 2170000 | &nbsp;&nbsp; ZF North America Capital, Inc., <br> 7.125%, 4/14/2030(a)<br>| &nbsp;&nbsp; 2148886 |
|  |  | &nbsp;&nbsp; 9289369 |
|  | **Banking — 2.7%** | **Banking — 2.7%** |
| 1715000 | &nbsp;&nbsp; CaixaBank SA, (fixed rate to 7/03/2035, variable <br> rate thereafter), 5.581%, 7/03/2036(a)<br>| &nbsp;&nbsp; 1756554 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Banking — continued** | **Banking — continued** |
| $2705000 | &nbsp;&nbsp; Capital One Financial Corp., (fixed rate to <br> 9/11/2035, variable rate thereafter), <br> 5.197%, 9/11/2036<br>| &nbsp;&nbsp; $2675249 |
| 10180000 | &nbsp;&nbsp; JPMorgan Chase & Co., Series OO, (fixed rate to <br> 4/01/2030, variable rate thereafter), 6.500%(c)<br>| &nbsp;&nbsp; 10537664 |
| 6375000 | &nbsp;&nbsp; Morgan Stanley, (fixed rate to 1/19/2033, <br> variable rate thereafter), 5.948%, 1/19/2038<br>| &nbsp;&nbsp; 6684060 |
| 6260000 | &nbsp;&nbsp; Societe Generale SA, (fixed rate to 10/03/2035, <br> variable rate thereafter), 5.439%, 10/03/2036(a)<br>| &nbsp;&nbsp; 6243784 |
| 1770000 | &nbsp;&nbsp; Synchrony Financial, (fixed rate to 3/06/2030, <br> variable rate thereafter), 5.450%, 3/06/2031<br>| &nbsp;&nbsp; 1803570 |
| 3980000 | &nbsp;&nbsp; Synchrony Financial, (fixed rate to 8/02/2029, <br> variable rate thereafter), 5.935%, 8/02/2030<br>| &nbsp;&nbsp; 4125398 |
| 3695000 | &nbsp;&nbsp; UBS Group AG, (fixed rate to 11/15/2032, variable <br> rate thereafter), 9.016%, 11/15/2033(a)<br>| &nbsp;&nbsp; 4629342 |
| 4195000 | &nbsp;&nbsp; UBS Group AG, (fixed rate to 8/05/2030, variable <br> rate thereafter), 6.600%(a)(c)<br>| &nbsp;&nbsp; 4217447 |
| 5370000 | &nbsp;&nbsp; UBS Group AG, (fixed rate to 8/12/2032, variable <br> rate thereafter), 6.537%, 8/12/2033(a)<br>| &nbsp;&nbsp; 5922305 |
| 14800000 | &nbsp;&nbsp; UniCredit SpA, (fixed rate to 6/30/2030, variable <br> rate thereafter), 5.459%, 6/30/2035(a)<br>| &nbsp;&nbsp; 14920925 |
| 7345000 | &nbsp;&nbsp; Wells Fargo & Co., (fixed rate to 9/15/2035, <br> variable rate thereafter), 4.892%, 9/15/2036<br>| &nbsp;&nbsp; 7330319 |
|  |  | &nbsp;&nbsp; 70846617 |
|  | **Brokerage — 0.5%** | **Brokerage — 0.5%** |
| 1435000 | Citadel LP, 6.000%, 1/23/2030(a) | &nbsp;&nbsp; 1491513 |
| 1085000 | Citadel LP, 6.375%, 1/23/2032(a) | &nbsp;&nbsp; 1148380 |
| 6075000 | Jefferies Financial Group, Inc., 6.200%, 4/14/2034 | &nbsp;&nbsp; 6458919 |
| 3893000 | Jefferies Financial Group, Inc., 6.250%, 1/15/2036 | &nbsp;&nbsp; 4150885 |
|  |  | &nbsp;&nbsp; 13249697 |
|  | **Building Materials — 1.6%** | **Building Materials — 1.6%** |
| 9770000 | Cemex SAB de CV, 3.875%, 7/11/2031(a) | &nbsp;&nbsp; 9272209 |
| 10470000 | &nbsp;&nbsp; Cemex SAB de CV, (fixed rate to 6/08/2026, <br> variable rate thereafter), 5.125%(a)(c)<br>| &nbsp;&nbsp; 10426493 |
| 1160000 | &nbsp;&nbsp; Cemex SAB de CV, (fixed rate to 6/10/2030, <br> variable rate thereafter), 7.200%(a)(c)<br>| &nbsp;&nbsp; 1212780 |
| 3210000 | &nbsp;&nbsp; JH North America Holdings, Inc., <br> 5.875%, 1/31/2031(a)<br>| &nbsp;&nbsp; 3259160 |
| 4570000 | &nbsp;&nbsp; JH North America Holdings, Inc., <br> 6.125%, 7/31/2032(a)<br>| &nbsp;&nbsp; 4680932 |
| 13230000 | Quikrete Holdings, Inc., 6.375%, 3/01/2032(a) | &nbsp;&nbsp; 13704216 |
|  |  | &nbsp;&nbsp; 42555790 |
|  | **Cable Satellite — 6.0%** | **Cable Satellite — 6.0%** |
| 12245000 | &nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital, <br> 3.950%, 6/30/2062<br>| &nbsp;&nbsp; 7747037 |
| 1220000 | &nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital, <br> 6.384%, 10/23/2035<br>| &nbsp;&nbsp; 1278108 |
| 2830000 | &nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital, <br> 6.550%, 6/01/2034<br>| &nbsp;&nbsp; 3015978 |
| 1415000 | &nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital, <br> 6.650%, 2/01/2034<br>| &nbsp;&nbsp; 1512065 |
| 6425000 | CSC Holdings LLC, 3.375%, 2/15/2031(a) | &nbsp;&nbsp; 4143773 |
| 1075000 | CSC Holdings LLC, 4.125%, 12/01/2030(a) | &nbsp;&nbsp; 703969 |
| 415000 | CSC Holdings LLC, 4.500%, 11/15/2031(a) | &nbsp;&nbsp; 269864 |
| 48110000 | CSC Holdings LLC, 4.625%, 12/01/2030(a) | &nbsp;&nbsp; 16879230 |
| 5540000 | CSC Holdings LLC, 5.000%, 11/15/2031(a) | &nbsp;&nbsp; 1939000 |
| 14005000 | CSC Holdings LLC, 5.375%, 2/01/2028(a) | &nbsp;&nbsp; 12277968 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Cable Satellite — continued** | **Cable Satellite — continued** |
| $1360000 | CSC Holdings LLC, 5.750%, 1/15/2030(a) | &nbsp;&nbsp; $517861 |
| 6790000 | Directv Financing LLC, 8.875%, 2/01/2030(a) | &nbsp;&nbsp; 6733711 |
| 1955000 | Directv Financing LLC, 8.875%, 2/01/2030(a) | &nbsp;&nbsp; 1930995 |
| 8670000 | &nbsp;&nbsp; Directv Financing LLC/Directv Financing <br> Co-Obligor, Inc., 10.000%, 2/15/2031(a)<br>| &nbsp;&nbsp; 8657272 |
| 22190000 | DISH DBS Corp., 5.250%, 12/01/2026(a) | &nbsp;&nbsp; 21803768 |
| 18540000 | DISH DBS Corp., 7.750%, 7/01/2026 | &nbsp;&nbsp; 18362969 |
| 25930000 | EchoStar Corp., 10.750%, 11/30/2029 | &nbsp;&nbsp; 28527408 |
| 23075671 | &nbsp;&nbsp; EchoStar Corp., 6.750% PIK and/or 6.750% Cash, <br> 11/30/2030(d)<br>| &nbsp;&nbsp; 23789863 |
| 720000 | Time Warner Cable LLC, 6.550%, 5/01/2037 | &nbsp;&nbsp; 748988 |
|  |  | &nbsp;&nbsp; 160839827 |
|  | **Chemicals — 0.5%** | **Chemicals — 0.5%** |
| 10887000 | Ashland, Inc., 3.375%, 9/01/2031(a) | &nbsp;&nbsp; 9643400 |
| 2826000 | &nbsp;&nbsp; Solstice Advanced Materials, Inc., <br> 5.625%, 9/30/2033(a)<br>| &nbsp;&nbsp; 2835337 |
|  |  | &nbsp;&nbsp; 12478737 |
|  | **Construction Machinery — 0.5%** | **Construction Machinery — 0.5%** |
| 1530000 | Ashtead Capital, Inc., 5.500%, 8/11/2032(a) | &nbsp;&nbsp; 1583313 |
| 2140000 | Ashtead Capital, Inc., 5.550%, 5/30/2033(a) | &nbsp;&nbsp; 2207291 |
| 2870000 | Ashtead Capital, Inc., 5.800%, 4/15/2034(a) | &nbsp;&nbsp; 3007113 |
| 6985000 | &nbsp;&nbsp; United Rentals North America, Inc., <br> 6.125%, 3/15/2034(a)<br>| &nbsp;&nbsp; 7263164 |
|  |  | &nbsp;&nbsp; 14060881 |
|  | **Consumer Cyclical Services — 0.4%** | **Consumer Cyclical Services — 0.4%** |
| 6335000 | Expedia Group, Inc., 5.400%, 2/15/2035 | &nbsp;&nbsp; 6501065 |
| 2145000 | TriNet Group, Inc., 3.500%, 3/01/2029(a) | &nbsp;&nbsp; 2006290 |
| 1700000 | Uber Technologies, Inc., 4.800%, 9/15/2035 | &nbsp;&nbsp; 1684578 |
|  |  | &nbsp;&nbsp; 10191933 |
|  | **Consumer Products — 0.1%** | **Consumer Products — 0.1%** |
| 1130000 | Whirlpool Corp., 6.125%, 6/15/2030 | &nbsp;&nbsp; 1138850 |
| 1215000 | Whirlpool Corp., 6.500%, 6/15/2033 | &nbsp;&nbsp; 1212499 |
|  |  | &nbsp;&nbsp; 2351349 |
|  | **Electric — 0.7%** | **Electric — 0.7%** |
| 18103871 | Alta Wind Holdings LLC, 7.000%, 6/30/2035(a) | &nbsp;&nbsp; 17269645 |
| 1630000 | &nbsp;&nbsp; Southern Power Co., Series B, <br> 4.900%, 10/01/2035<br>| &nbsp;&nbsp; 1607507 |
|  |  | &nbsp;&nbsp; 18877152 |
|  | **Finance Companies — 2.2%** | **Finance Companies — 2.2%** |
| 4030000 | &nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust, 3.300%, 1/30/2032<br>| &nbsp;&nbsp; 3711201 |
| 4530000 | &nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust, 3.400%, 10/29/2033<br>| &nbsp;&nbsp; 4070247 |
| 15030000 | &nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust, 4.950%, 9/10/2034<br>| &nbsp;&nbsp; 14960976 |
| 7035000 | &nbsp;&nbsp; Air Lease Corp., Series B, (fixed rate to <br> 6/15/2026, variable rate thereafter), 4.650%(c)<br>| &nbsp;&nbsp; 6942433 |
| 2570000 | Aircastle Ltd., 5.950%, 2/15/2029(a) | &nbsp;&nbsp; 2680266 |
| 3695000 | &nbsp;&nbsp; Aircastle Ltd./Aircastle Ireland DAC, <br> 5.750%, 10/01/2031(a)<br>| &nbsp;&nbsp; 3849190 |
| 5510000 | &nbsp;&nbsp; Freedom Mortgage Holdings LLC, <br> 7.875%, 4/01/2033(a)<br>| &nbsp;&nbsp; 5676275 |
| 1110000 | &nbsp;&nbsp; Macquarie Airfinance Holdings Ltd., <br> 5.150%, 3/17/2030(a)<br>| &nbsp;&nbsp; 1125517 |
| 400000 | &nbsp;&nbsp; Macquarie Airfinance Holdings Ltd., <br> 6.400%, 3/26/2029(a)<br>| &nbsp;&nbsp; 421247 |
| 860000 | &nbsp;&nbsp; Macquarie Airfinance Holdings Ltd., <br> 6.500%, 3/26/2031(a)<br>| &nbsp;&nbsp; 921236 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Finance Companies — continued** | **Finance Companies — continued** |
| $5270000 | &nbsp;&nbsp; Rocket Mortgage LLC/Rocket Mortgage <br> Co-Issuer, Inc., 3.875%, 3/01/2031(a)<br>| &nbsp;&nbsp; $4921357 |
| 9630000 | &nbsp;&nbsp; Rocket Mortgage LLC/Rocket Mortgage <br> Co-Issuer, Inc., 4.000%, 10/15/2033(a)<br>| &nbsp;&nbsp; 8794920 |
|  |  | &nbsp;&nbsp; 58074865 |
|  | **Financial Other — 0.3%** | **Financial Other — 0.3%** |
| 785632 | &nbsp;&nbsp; Add Hero Holdings Ltd., Series IAI, 8.500% PIK <br> and/or 7.500% Cash, 9/30/2029(d)<br>| &nbsp;&nbsp; 46140 |
| 638303 | &nbsp;&nbsp; Add Hero Holdings Ltd., Series IAI, 9.000% PIK <br> and/or 8.000% Cash, 9/30/2030(d)<br>| &nbsp;&nbsp; 13564 |
| 839361 | &nbsp;&nbsp; Add Hero Holdings Ltd., Series IAI, 9.800% PIK <br> and/or 8.800% Cash, 9/30/2031(d)<br>| &nbsp;&nbsp; 13640 |
| 1650000 | Agile Group Holdings Ltd., 5.500%, 4/21/2025(e) | &nbsp;&nbsp; 94116 |
| 1120000 | Agile Group Holdings Ltd., 5.500%, 5/17/2026(e) | &nbsp;&nbsp; 63403 |
| 1225000 | Agile Group Holdings Ltd., 5.750%, 1/02/2025(e) | &nbsp;&nbsp; 70266 |
| 6150000 | Agile Group Holdings Ltd., 6.050%, 10/13/2025(e) | &nbsp;&nbsp; 349873 |
| 4720000 | &nbsp;&nbsp; Central China Real Estate Ltd., <br> 7.250%, 7/16/2024(e)<br>| &nbsp;&nbsp; 125882 |
| 1260000 | &nbsp;&nbsp; Central China Real Estate Ltd., <br> 7.250%, 8/13/2024(e)<br>| &nbsp;&nbsp; 44100 |
| 1957000 | &nbsp;&nbsp; Central China Real Estate Ltd., <br> 7.250%, 4/28/2025(e)<br>| &nbsp;&nbsp; 58964 |
| 3260000 | &nbsp;&nbsp; Central China Real Estate Ltd., <br> 7.500%, 7/14/2025(e)<br>| &nbsp;&nbsp; 107497 |
| 4415000 | &nbsp;&nbsp; Central China Real Estate Ltd., <br> 7.650%, 8/27/2025(e)<br>| &nbsp;&nbsp; 133995 |
| 1305000 | &nbsp;&nbsp; Central China Real Estate Ltd., <br> 7.750%, 5/24/2024(e)<br>| &nbsp;&nbsp; 42530 |
| 8274825 | &nbsp;&nbsp; CFLD Cayman Investment Ltd., <br> 2.500%, 1/31/2031(a)(f)<br>| &nbsp;&nbsp; 248245 |
| 4375535 | &nbsp;&nbsp; CFLD Cayman Investment Ltd., <br> 2.500%, 1/31/2031(a)(f)<br>| &nbsp;&nbsp; 131266 |
| 948132 | &nbsp;&nbsp; CFLD Cayman Investment Ltd., Zero Coupon, <br> 1/31/2031(a)<br>| &nbsp;&nbsp; 23438 |
| 459809 | &nbsp;&nbsp; China Aoyuan Group Ltd., Series IAI, 5.500% PIK <br> and/or 0.000% Cash, 9/30/2031(d)<br>| &nbsp;&nbsp; 5398 |
| 1155773 | &nbsp;&nbsp; China Aoyuan Group Ltd., Series IAI, Zero <br> Coupon(b)(c)<br>| &nbsp;&nbsp; 6449 |
| 1800000 | China Evergrande Group, 8.250%, 3/23/2022(e) | &nbsp;&nbsp; 28872 |
| 4045000 | China Evergrande Group, 8.750%, 6/28/2025(e) | &nbsp;&nbsp; 55619 |
| 1405000 | China Evergrande Group, 9.500%, 4/11/2022(e) | &nbsp;&nbsp; 19319 |
| 335000 | China Evergrande Group, 9.500%, 3/29/2024(e) | &nbsp;&nbsp; 4606 |
| 4060000 | &nbsp;&nbsp; CIFI Holdings Group Co. Ltd., <br> 4.450%, 8/17/2026(e)<br>| &nbsp;&nbsp; 397068 |
| 1520688 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., 6.250% PIK and/or <br> 5.250% Cash, 12/28/2028(a)(d)<br>| &nbsp;&nbsp; 32315 |
| 2534479 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., 6.500% PIK and/or <br> 5.500% Cash, 12/28/2029(a)(d)<br>| &nbsp;&nbsp; 47521 |
| 3041376 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., 6.750% PIK and/or <br> 5.750% Cash, 12/28/2030(a)(d)<br>| &nbsp;&nbsp; 41819 |
| 4562064 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., 7.000% PIK and/or <br> 6.000% Cash, 12/28/2031(a)(d)<br>| &nbsp;&nbsp; 51323 |
| 4274541 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., 7.250% PIK and/or <br> 6.250% Cash, 12/28/2032(a)(d)<br>| &nbsp;&nbsp; 48089 |
| 1013791 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., 7.721% PIK and/or <br> 6.721% Cash, 12/28/2028(a)(d)<br>| &nbsp;&nbsp; 25345 |
| 1380000 | KWG Group Holdings Ltd., 6.000%, 8/14/2026(e) | &nbsp;&nbsp; 85643 |
| 3760000 | KWG Group Holdings Ltd., 6.300%, 2/13/2026(e) | &nbsp;&nbsp; 233646 |
| 3345000 | Logan Group Co. Ltd., 4.250%, 7/12/2025(e) | &nbsp;&nbsp; 279374 |
| 1320000 | Logan Group Co. Ltd., 4.850%, 12/14/2026(e) | &nbsp;&nbsp; 111276 |
| 73600 | &nbsp;&nbsp; Shimao Group Holdings Ltd., 6.000% PIK and/or <br> 5.000% Cash, 7/21/2031(a)(d)<br>| &nbsp;&nbsp; 3083 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Financial Other — continued** | **Financial Other — continued** |
| $1577037 | &nbsp;&nbsp; Sunac China Holdings Ltd., 6.000% PIK and/or <br> 5.000% Cash, 9/30/2026(a)(d)(e)<br>| &nbsp;&nbsp; $229427 |
| 1580867 | &nbsp;&nbsp; Sunac China Holdings Ltd., 6.250% PIK and/or <br> 5.250% Cash, 9/30/2027(a)(d)(e)<br>| &nbsp;&nbsp; 237130 |
| 3169406 | &nbsp;&nbsp; Sunac China Holdings Ltd., 6.500% PIK and/or <br> 5.500% Cash, 9/30/2027(a)(d)(e)<br>| &nbsp;&nbsp; 467487 |
| 4765631 | &nbsp;&nbsp; Sunac China Holdings Ltd., 6.750% PIK and/or <br> 5.750% Cash, 9/30/2028(a)(d)(e)<br>| &nbsp;&nbsp; 713796 |
| 4777164 | &nbsp;&nbsp; Sunac China Holdings Ltd., 7.000% PIK and/or <br> 6.000% Cash, 9/30/2029(a)(d)(e)<br>| &nbsp;&nbsp; 716575 |
| 2249452 | &nbsp;&nbsp; Sunac China Holdings Ltd., 7.250% PIK and/or <br> 6.250% Cash, 9/30/2030(a)(d)(e)<br>| &nbsp;&nbsp; 338138 |
| 720000 | Times China Holdings Ltd., 5.750%, 1/14/2027(e) | &nbsp;&nbsp; 23400 |
| 4030000 | Times China Holdings Ltd., 6.200%, 3/22/2026(e) | &nbsp;&nbsp; 135005 |
| 2909237 | &nbsp;&nbsp; Yuzhou Group Holdings Co. Ltd., 1.000% PIK <br> and/or 0.000% Cash, 6/30/2034(d)<br>| &nbsp;&nbsp; 15826 |
| 2835915 | &nbsp;&nbsp; Yuzhou Group Holdings Co. Ltd., 4.000% PIK <br> and/or 0.000% Cash, 6/30/2028(d)<br>| &nbsp;&nbsp; 102717 |
| 4938207 | &nbsp;&nbsp; Yuzhou Group Holdings Co. Ltd., 4.500% PIK <br> and/or 0.000% Cash, 6/30/2029(d)<br>| &nbsp;&nbsp; 139159 |
| 6591260 | &nbsp;&nbsp; Yuzhou Group Holdings Co. Ltd., 5.000% PIK <br> and/or 0.000% Cash, 6/30/2030(d)<br>| &nbsp;&nbsp; 141383 |
| 9245947 | &nbsp;&nbsp; Yuzhou Group Holdings Co. Ltd., 5.500% PIK <br> and/or 0.000% Cash, 6/30/2031(d)<br>| &nbsp;&nbsp; 135176 |
| 3344836 | &nbsp;&nbsp; Yuzhou Group Holdings Co. Ltd., 7.000% PIK <br> and/or 6.000% Cash, 6/30/2027(d)<br>| &nbsp;&nbsp; 428106 |
| 4535000 | &nbsp;&nbsp; Zhenro Properties Group Ltd., <br> 6.630%, 1/07/2026(e)<br>| &nbsp;&nbsp; 11156 |
| 365000 | &nbsp;&nbsp; Zhenro Properties Group Ltd., <br> 6.700%, 8/04/2026(e)<br>| &nbsp;&nbsp; 912 |
| 715000 | &nbsp;&nbsp; Zhenro Properties Group Ltd., <br> 7.350%, 2/05/2025(e)<br>| &nbsp;&nbsp; 894 |
|  |  | &nbsp;&nbsp; 6879971 |
|  | **Food & Beverage — 0.9%** | **Food & Beverage — 0.9%** |
| 835000 | &nbsp;&nbsp; JBS USA Holding Lux SARL/JBS USA Food <br> Co./JBS Lux Co. SARL, 6.750%, 3/15/2034<br>| &nbsp;&nbsp; 923096 |
| 5520000 | &nbsp;&nbsp; JBS USA Holding Lux SARL/JBS USA Foods <br> Group Holdings, Inc./JBS USA Food Co., <br> 5.500%, 1/15/2036(a)<br>| &nbsp;&nbsp; 5637079 |
| 2555000 | &nbsp;&nbsp; JBS USA LUX SARL/JBS USA Food Co./JBS <br> USA Foods Group, 5.950%, 4/20/2035(a)<br>| &nbsp;&nbsp; 2684034 |
| 7565000 | Pilgrim's Pride Corp., 3.500%, 3/01/2032 | &nbsp;&nbsp; 6924534 |
| 860000 | Pilgrim's Pride Corp., 6.875%, 5/15/2034 | &nbsp;&nbsp; 949517 |
| 7340000 | Post Holdings, Inc., 4.500%, 9/15/2031(a) | &nbsp;&nbsp; 6857389 |
|  |  | &nbsp;&nbsp; 23975649 |
|  | **Government Owned - No Guarantee — 0.0%** | **Government Owned - No Guarantee — 0.0%** |
| 495000 | Antares Holdings LP, 2.750%, 1/15/2027(a) | &nbsp;&nbsp; 479705 |
| 585000 | Antares Holdings LP, 3.750%, 7/15/2027(a) | &nbsp;&nbsp; 568820 |
|  |  | &nbsp;&nbsp; 1048525 |
|  | **Health Insurance — 0.2%** | **Health Insurance — 0.2%** |
| 3000000 | Molina Healthcare, Inc., 3.875%, 11/15/2030(a) | &nbsp;&nbsp; 2776157 |
| 4280000 | Molina Healthcare, Inc., 3.875%, 5/15/2032(a) | &nbsp;&nbsp; 3883788 |
|  |  | &nbsp;&nbsp; 6659945 |
|  | **Healthcare — 0.1%** | **Healthcare — 0.1%** |
| 1675000 | Bausch & Lomb Corp., 8.375%, 10/01/2028(a) | &nbsp;&nbsp; 1745664 |
|  | **Home Construction — 0.4%** | **Home Construction — 0.4%** |
| 2065000 | DR Horton, Inc., 5.500%, 10/15/2035 | &nbsp;&nbsp; 2140989 |
| 9610000 | Meritage Homes Corp., 5.650%, 3/15/2035 | &nbsp;&nbsp; 9757700 |
|  |  | &nbsp;&nbsp; 11898689 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Independent Energy — 3.3%** | **Independent Energy — 3.3%** |
| $6510000 | &nbsp;&nbsp; Canadian Natural Resources Ltd., <br> 5.400%, 12/15/2034(a)<br>| &nbsp;&nbsp; $6630112 |
| 5930000 | Chord Energy Corp., 6.000%, 10/01/2030(a) | &nbsp;&nbsp; 5888711 |
| 1835000 | Civitas Resources, Inc., 8.625%, 11/01/2030(a) | &nbsp;&nbsp; 1900444 |
| 3010000 | Civitas Resources, Inc., 8.750%, 7/01/2031(a) | &nbsp;&nbsp; 3083778 |
| 11400000 | Continental Resources, Inc., 2.875%, 4/01/2032(a) | &nbsp;&nbsp; 9934055 |
| 9276000 | Continental Resources, Inc., 5.750%, 1/15/2031(a) | &nbsp;&nbsp; 9565728 |
| 6945000 | Energean Israel Finance Ltd., 5.375%, 3/30/2028 | &nbsp;&nbsp; 6822421 |
| 8120000 | Energean Israel Finance Ltd., 5.875%, 3/30/2031 | &nbsp;&nbsp; 7770309 |
| 805000 | Leviathan Bond Ltd., 6.500%, 6/30/2027 | &nbsp;&nbsp; 806570 |
| 20420000 | Matador Resources Co., 6.250%, 4/15/2033(a) | &nbsp;&nbsp; 20515954 |
| 1370000 | Northern Oil & Gas, Inc., 8.125%, 3/01/2028(a) | &nbsp;&nbsp; 1389343 |
| 17908000 | Sanchez Energy Corp., 6.125%, 1/15/2023(e) | &nbsp;&nbsp; 1791 |
| 9520000 | Sanchez Energy Corp., 7.750%, 6/15/2021(e) | &nbsp;&nbsp; 952 |
| 2050000 | SM Energy Co., 6.750%, 8/01/2029(a) | &nbsp;&nbsp; 2059826 |
| 3445000 | SM Energy Co., 7.000%, 8/01/2032(a) | &nbsp;&nbsp; 3447656 |
| 1420000 | Var Energi ASA, 6.500%, 5/22/2035(a) | &nbsp;&nbsp; 1509895 |
| 1475000 | Var Energi ASA, 8.000%, 11/15/2032(a) | &nbsp;&nbsp; 1711797 |
| 4625000 | Viper Energy Partners LLC, 5.700%, 8/01/2035 | &nbsp;&nbsp; 4702330 |
|  |  | &nbsp;&nbsp; 87741672 |
|  | **Industrial Other — 0.3%** | **Industrial Other — 0.3%** |
| 7705000 | TopBuild Corp., 5.625%, 1/31/2034(a) | &nbsp;&nbsp; 7676991 |
|  | **Leisure — 1.0%** | **Leisure — 1.0%** |
| 6880000 | Carnival Corp., 5.750%, 3/15/2030(a) | &nbsp;&nbsp; 7024384 |
| 6065000 | Carnival Corp., 6.000%, 5/01/2029(a) | &nbsp;&nbsp; 6155526 |
| 4230000 | Carnival Corp., 6.125%, 2/15/2033(a) | &nbsp;&nbsp; 4335902 |
| 4060000 | NCL Corp. Ltd., 6.750%, 2/01/2032(a) | &nbsp;&nbsp; 4175432 |
| 6195000 | Royal Caribbean Cruises Ltd., 5.375%, 1/15/2036 | &nbsp;&nbsp; 6231128 |
|  |  | &nbsp;&nbsp; 27922372 |
|  | **Life Insurance — 1.4%** | **Life Insurance — 1.4%** |
| 20000000 | &nbsp;&nbsp; National Life Insurance Co., <br> 10.500%, 9/15/2039(a)<br>| &nbsp;&nbsp; 26547400 |
| 8920000 | NLV Financial Corp., 7.500%, 8/15/2033(a) | &nbsp;&nbsp; 9730025 |
|  |  | &nbsp;&nbsp; 36277425 |
|  | **Lodging — 0.9%** | **Lodging — 0.9%** |
| 1245000 | &nbsp;&nbsp; Choice Hotels International, Inc., <br> 5.850%, 8/01/2034<br>| &nbsp;&nbsp; 1273312 |
| 1745000 | &nbsp;&nbsp; Hilton Grand Vacations Borrower LLC/Hilton <br> Grand Vacations Borrower, Inc., <br> 4.875%, 7/01/2031(a)<br>| &nbsp;&nbsp; 1628506 |
| 4155000 | &nbsp;&nbsp; Marriott Ownership Resorts, Inc., <br> 4.500%, 6/15/2029(a)<br>| &nbsp;&nbsp; 4009373 |
| 12700000 | Travel & Leisure Co., 4.500%, 12/01/2029(a) | &nbsp;&nbsp; 12269688 |
| 3790000 | Travel & Leisure Co., 6.125%, 9/01/2033(a) | &nbsp;&nbsp; 3778441 |
|  |  | &nbsp;&nbsp; 22959320 |
|  | **Media Entertainment — 1.4%** | **Media Entertainment — 1.4%** |
| 1530000 | AppLovin Corp., 5.375%, 12/01/2031 | &nbsp;&nbsp; 1582748 |
| 8850000 | AppLovin Corp., 5.500%, 12/01/2034 | &nbsp;&nbsp; 9135379 |
| 9580000 | &nbsp;&nbsp; Discovery Communications LLC, <br> 3.625%, 5/15/2030<br>| &nbsp;&nbsp; 8850058 |
| 1955000 | &nbsp;&nbsp; Discovery Communications LLC, <br> 6.350%, 6/01/2040<br>| &nbsp;&nbsp; 1794045 |
| 1240000 | &nbsp;&nbsp; iHeartCommunications, Inc., <br> 7.000%, 1/15/2031(a)<br>| &nbsp;&nbsp; 973995 |
| 4694750 | &nbsp;&nbsp; iHeartCommunications, Inc., <br> 7.750%, 8/15/2030(a)<br>| &nbsp;&nbsp; 3899788 |
| 10453000 | Warnermedia Holdings, Inc., 4.279%, 3/15/2032 | &nbsp;&nbsp; 9577561 |
| 1235000 | Warnermedia Holdings, Inc., 5.050%, 3/15/2042 | &nbsp;&nbsp; 985295 |
|  |  | &nbsp;&nbsp; 36798869 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Metals & Mining — 1.6%** | **Metals & Mining — 1.6%** |
| $17930000 | Glencore Funding LLC, 5.700%, 5/08/2033(a) | &nbsp;&nbsp; $18935873 |
| 15260000 | Glencore Funding LLC, 6.500%, 10/06/2033(a) | &nbsp;&nbsp; 16816454 |
| 6230000 | JSW Steel Ltd., 5.050%, 4/05/2032(a) | &nbsp;&nbsp; 6060170 |
|  |  | &nbsp;&nbsp; 41812497 |
|  | **Midstream — 1.9%** | **Midstream — 1.9%** |
| 2300000 | Cheniere Energy Partners LP, 3.250%, 1/31/2032 | &nbsp;&nbsp; 2095327 |
| 3185000 | Cheniere Energy Partners LP, 5.950%, 6/30/2033 | &nbsp;&nbsp; 3371633 |
| 2530000 | &nbsp;&nbsp; Hess Midstream Operations LP, <br> 4.250%, 2/15/2030(a)<br>| &nbsp;&nbsp; 2452171 |
| 6105000 | &nbsp;&nbsp; Venture Global Calcasieu Pass LLC, <br> 3.875%, 11/01/2033(a)<br>| &nbsp;&nbsp; 5500757 |
| 3215000 | &nbsp;&nbsp; Venture Global Calcasieu Pass LLC, <br> 4.125%, 8/15/2031(a)<br>| &nbsp;&nbsp; 3034472 |
| 14300000 | &nbsp;&nbsp; Venture Global LNG, Inc., (fixed rate to <br> 9/30/2029, variable rate thereafter), 9.000%(a)(c)<br>| &nbsp;&nbsp; 14172438 |
| 4775000 | &nbsp;&nbsp; Venture Global Plaquemines LNG LLC, <br> 6.500%, 1/15/2034(a)<br>| &nbsp;&nbsp; 5026439 |
| 4775000 | &nbsp;&nbsp; Venture Global Plaquemines LNG LLC, <br> 6.750%, 1/15/2036(a)<br>| &nbsp;&nbsp; 5071895 |
| 4085000 | &nbsp;&nbsp; Venture Global Plaquemines LNG LLC, <br> 7.500%, 5/01/2033(a)<br>| &nbsp;&nbsp; 4513966 |
| 4100000 | &nbsp;&nbsp; Venture Global Plaquemines LNG LLC, <br> 7.750%, 5/01/2035(a)<br>| &nbsp;&nbsp; 4627704 |
| 1580000 | Whistler Pipeline LLC, 5.950%, 9/30/2034(a) | &nbsp;&nbsp; 1628501 |
|  |  | &nbsp;&nbsp; 51495303 |
|  | **Non-Agency Commercial Mortgage-Backed** <br> **Securities — 1.8%** | **Non-Agency Commercial Mortgage-Backed** <br> **Securities — 1.8%** |
| 335000 | &nbsp;&nbsp; BBSG Mortgage Trust, Series 2016-MRP, <br> Class A, 3.275%, 6/05/2036(a)<br>| &nbsp;&nbsp; 305300 |
| 7375000 | &nbsp;&nbsp; BPR Trust, Series 2021-NRD, Class F, 1 mo. USD <br> SOFR + 6.870%, 11.021%, 12/15/2038(a)(b)<br>| &nbsp;&nbsp; 7221342 |
| 8597541 | &nbsp;&nbsp; Citigroup Commercial Mortgage Trust, <br> Series 2012-GC8, Class C, 5.295%, 9/10/2045(a)(b)<br>| &nbsp;&nbsp; 8441926 |
| 77221 | &nbsp;&nbsp; Commercial Mortgage Pass-Through <br> Certificates, Series 2012-LTRT, Class A2, <br> 3.400%, 10/05/2030(a)<br>| &nbsp;&nbsp; 75001 |
| 2925000 | &nbsp;&nbsp; Credit Suisse Mortgage Trust, Series 2014-USA, <br> Class B, 4.185%, 9/15/2037(a)<br>| &nbsp;&nbsp; 2514769 |
| 1690000 | &nbsp;&nbsp; Credit Suisse Mortgage Trust, Series 2014-USA, <br> Class D, 4.373%, 9/15/2037(a)<br>| &nbsp;&nbsp; 1241727 |
| 3755000 | &nbsp;&nbsp; DC Commercial Mortgage Trust, Series 2023-DC, <br> Class C, 7.379%, 9/12/2040(a)(b)<br>| &nbsp;&nbsp; 3896308 |
| 445000 | &nbsp;&nbsp; Extended Stay America Trust, Series 2025-ESH, <br> Class D, 1 mo. USD SOFR + 2.600%, <br> 6.750%, 10/15/2042(a)(b)<br>| &nbsp;&nbsp; 445000 |
| 485000 | &nbsp;&nbsp; Extended Stay America Trust, Series 2025-ESH, <br> Class E, 1 mo. USD SOFR + 3.350%, <br> 7.500%, 10/15/2042(a)(b)<br>| &nbsp;&nbsp; 485000 |
| 600000 | &nbsp;&nbsp; Extended Stay America Trust, Series 2025-ESH, <br> Class F, 1 mo. USD SOFR + 4.100%, <br> 8.250%, 10/15/2042(a)(b)<br>| &nbsp;&nbsp; 600000 |
| 1012623 | &nbsp;&nbsp; GS Mortgage Securities Corp. Trust, <br> Series 2013-G1, Class B, 3.845%, 4/10/2031(a)(b)<br>| &nbsp;&nbsp; 997109 |
| 7680000 | &nbsp;&nbsp; GS Mortgage Securities Corp. Trust, <br> Series 2013-PEMB, Class C, <br> 3.668%, 3/05/2033(a)(b)<br>| &nbsp;&nbsp; 2515200 |
| 900000 | &nbsp;&nbsp; GS Mortgage Securities Trust, <br> Series 2014-GC22, Class B, 4.391%, 6/10/2047(b)<br>| &nbsp;&nbsp; 779865 |
| 5785000 | &nbsp;&nbsp; GS Mortgage Securities Trust, <br> Series 2014-GC22, Class D, <br> 4.726%, 6/10/2047(a)(b)<br>| &nbsp;&nbsp; 1093462 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | &nbsp;&nbsp; **Non-Agency Commercial Mortgage-Backed** <br> **Securities — continued** | &nbsp;&nbsp; **Non-Agency Commercial Mortgage-Backed** <br> **Securities — continued** |
| $290000 | &nbsp;&nbsp; JP Morgan Chase Commercial Mortgage <br> Securities Trust, Series 2012-LC9, Class D, <br> 3.689%, 12/15/2047(a)(b)<br>| &nbsp;&nbsp; $274790 |
| 3110000 | &nbsp;&nbsp; JP Morgan Chase Commercial Mortgage <br> Securities Trust, Series 2013-LC11, Class C, <br> 3.958%, 4/15/2046(b)<br>| &nbsp;&nbsp; 1846407 |
| 2595000 | &nbsp;&nbsp; JP Morgan Chase Commercial Mortgage <br> Securities Trust, Series 2025-BMS, Class C, <br> 1 mo. USD SOFR + 2.400%, <br> 6.550%, 1/15/2042(a)(b)<br>| &nbsp;&nbsp; 2582264 |
| 1795000 | &nbsp;&nbsp; JP Morgan Chase Commercial Mortgage <br> Securities Trust, Series 2025-BMS, Class D, <br> 1 mo. USD SOFR + 3.150%, <br> 7.300%, 1/15/2042(a)(b)<br>| &nbsp;&nbsp; 1784996 |
| 1135000 | &nbsp;&nbsp; Morgan Stanley Bank of America Merrill Lynch <br> Trust, Series 2013-C11, Class B, <br> 4.212%, 8/15/2046(b)<br>| &nbsp;&nbsp; 683838 |
| 1180000 | &nbsp;&nbsp; New Economy Assets - Phase 1 Sponsor LLC, <br> Series 2021-1, Class A1, 1.910%, 10/20/2061(a)<br>| &nbsp;&nbsp; 984293 |
| 184561 | &nbsp;&nbsp; Wells Fargo Commercial Mortgage Trust, <br> Series 2013-LC12, Class B, 3.913%, 7/15/2046(b)<br>| &nbsp;&nbsp; 179024 |
| 675040 | &nbsp;&nbsp; WFRBS Commercial Mortgage Trust, <br> Series 2012-C10, Class B, 3.744%, 12/15/2045<br>| &nbsp;&nbsp; 627794 |
| 5367911 | &nbsp;&nbsp; WFRBS Commercial Mortgage Trust, <br> Series 2013-C15, Class B, 4.284%, 8/15/2046(b)<br>| &nbsp;&nbsp; 5171822 |
| 2612000 | &nbsp;&nbsp; WFRBS Commercial Mortgage Trust, <br> Series 2013-C15, Class C, 4.284%, 8/15/2046(b)<br>| &nbsp;&nbsp; 2350826 |
| 602138 | &nbsp;&nbsp; WFRBS Commercial Mortgage Trust, <br> Series 2014-C20, Class B, 4.378%, 5/15/2047<br>| &nbsp;&nbsp; 539672 |
|  |  | &nbsp;&nbsp; 47637735 |
|  | **Oil Field Services — 0.4%** | **Oil Field Services — 0.4%** |
| 10605000 | Helmerich & Payne, Inc., 5.500%, 12/01/2034 | &nbsp;&nbsp; 10391136 |
|  | **Other REITs — 0.4%** | **Other REITs — 0.4%** |
| 2735000 | EPR Properties, 3.600%, 11/15/2031 | &nbsp;&nbsp; 2524176 |
| 7250000 | Host Hotels & Resorts LP, 5.500%, 4/15/2035 | &nbsp;&nbsp; 7297830 |
|  |  | &nbsp;&nbsp; 9822006 |
|  | **Packaging — 0.8%** | **Packaging — 0.8%** |
| 20585000 | Ball Corp., 5.500%, 9/15/2033 | &nbsp;&nbsp; 20806267 |
|  | **Pharmaceuticals — 2.2%** | **Pharmaceuticals — 2.2%** |
| 8690000 | Bausch Health Cos., Inc., 4.875%, 6/01/2028(a) | &nbsp;&nbsp; 7777550 |
| 7960000 | &nbsp;&nbsp; Teva Pharmaceutical Finance Co. LLC, <br> 6.150%, 2/01/2036<br>| &nbsp;&nbsp; 8334757 |
| 4695000 | &nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands II BV, <br> 7.375%, 9/15/2029, (EUR)<br>| &nbsp;&nbsp; 6213944 |
| 3990000 | &nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands II BV, <br> 7.875%, 9/15/2031, (EUR)<br>| &nbsp;&nbsp; 5615078 |
| 25290000 | &nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III <br> BV, 4.100%, 10/01/2046<br>| &nbsp;&nbsp; 18874182 |
| 8725000 | &nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III <br> BV, 5.125%, 5/09/2029<br>| &nbsp;&nbsp; 8771355 |
| 685000 | &nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III <br> BV, 6.000%, 12/01/2032<br>| &nbsp;&nbsp; 713418 |
| 1245000 | &nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands IV <br> BV, 5.750%, 12/01/2030<br>| &nbsp;&nbsp; 1282237 |
|  |  | &nbsp;&nbsp; 57582521 |
|  | **Property & Casualty Insurance — 0.6%** | **Property & Casualty Insurance — 0.6%** |
| 6435000 | &nbsp;&nbsp; Amynta Agency Borrower, Inc. & Amynta <br> Warranty Borrower, Inc., 7.500%, 7/15/2033(a)<br>| &nbsp;&nbsp; 6587162 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Property & Casualty Insurance — continued** | **Property & Casualty Insurance — continued** |
| $6780000 | Ardonagh Finco Ltd., 7.750%, 2/15/2031(a) | &nbsp;&nbsp; $7094518 |
| 3635000 | Ryan Specialty LLC, 5.875%, 8/01/2032(a) | &nbsp;&nbsp; 3675661 |
|  |  | &nbsp;&nbsp; 17357341 |
|  | **Restaurants — 0.8%** | **Restaurants — 0.8%** |
| 13685000 | &nbsp;&nbsp; 1011778 BC ULC/New Red Finance, Inc., <br> 4.000%, 10/15/2030(a)<br>| &nbsp;&nbsp; 12897064 |
| 8105000 | &nbsp;&nbsp; 1011778 BC ULC/New Red Finance, Inc., <br> 5.625%, 9/15/2029(a)<br>| &nbsp;&nbsp; 8202463 |
|  |  | &nbsp;&nbsp; 21099527 |
|  | **Retailers — 0.9%** | **Retailers — 0.9%** |
| 3325000 | Dillard's, Inc., 7.000%, 12/01/2028 | &nbsp;&nbsp; 3527493 |
| 1500000 | Dillard's, Inc., 7.750%, 7/15/2026 | &nbsp;&nbsp; 1533135 |
| 7520000 | &nbsp;&nbsp; Global Auto Holdings Ltd./AAG FH U.K. Ltd., <br> 8.375%, 1/15/2029(a)<br>| &nbsp;&nbsp; 7355162 |
| 3680000 | &nbsp;&nbsp; Global Auto Holdings Ltd./AAG FH U.K. Ltd., <br> 11.500%, 8/15/2029(a)<br>| &nbsp;&nbsp; 3882400 |
| 7840000 | &nbsp;&nbsp; PetSmart LLC/PetSmart Finance Corp., <br> 7.500%, 9/15/2032(a)<br>| &nbsp;&nbsp; 7851652 |
|  |  | &nbsp;&nbsp; 24149842 |
|  | **School District — 0.1%** | **School District — 0.1%** |
| 3090000 | AppLovin Corp., 5.125%, 12/01/2029 | &nbsp;&nbsp; 3161089 |
|  | **Sovereigns — 6.3%** | **Sovereigns — 6.3%** |
| 8175000 | &nbsp;&nbsp; Chile Government International Bonds, <br> 3.100%, 1/22/2061<br>| &nbsp;&nbsp; 5050924 |
| 16140000 | &nbsp;&nbsp; Chile Government International Bonds, <br> 3.250%, 9/21/2071<br>| &nbsp;&nbsp; 10018098 |
| 3835000 | &nbsp;&nbsp; Chile Government International Bonds, <br> 4.340%, 3/07/2042<br>| &nbsp;&nbsp; 3386689 |
| 13205000 | &nbsp;&nbsp; Chile Government International Bonds, <br> 5.650%, 1/13/2037<br>| &nbsp;&nbsp; 13873833 |
| 11346000 | Kuwait International Bonds, 4.652%, 10/09/2035 | &nbsp;&nbsp; 11346000 |
| 6925000 | &nbsp;&nbsp; Kyrgyz Republic International Bonds, <br> 7.750%, 6/03/2030(a)<br>| &nbsp;&nbsp; 6977838 |
| 17545000 | &nbsp;&nbsp; Mexico Government International Bonds, <br> 5.375%, 3/22/2033<br>| &nbsp;&nbsp; 17492365 |
| 980000 | &nbsp;&nbsp; Oman Government International Bonds, <br> 5.625%, 1/17/2028<br>| &nbsp;&nbsp; 1003721 |
| 925000 | &nbsp;&nbsp; Oman Government International Bonds, <br> 6.000%, 8/01/2029<br>| &nbsp;&nbsp; 974732 |
| 5130000 | &nbsp;&nbsp; Philippines Government International Bonds, <br> 2.650%, 12/10/2045<br>| &nbsp;&nbsp; 3456301 |
| 11330000 | &nbsp;&nbsp; Philippines Government International Bonds, <br> 2.950%, 5/05/2045<br>| &nbsp;&nbsp; 8109334 |
| 6240000 | &nbsp;&nbsp; Philippines Government International Bonds, <br> 5.900%, 2/04/2050<br>| &nbsp;&nbsp; 6646732 |
| 3500000 | &nbsp;&nbsp; Republic of Uzbekistan International Bonds, <br> 3.700%, 11/25/2030<br>| &nbsp;&nbsp; 3231744 |
| 7040000 | &nbsp;&nbsp; Republic of Uzbekistan International Bonds, <br> 3.900%, 10/19/2031<br>| &nbsp;&nbsp; 6466330 |
| 4915000 | &nbsp;&nbsp; Republic of Uzbekistan International Bonds, <br> 5.100%, 2/25/2029, (EUR)(a)<br>| &nbsp;&nbsp; 5993399 |
| 2580000 | &nbsp;&nbsp; Republic of Uzbekistan International Bonds, <br> 5.100%, 2/25/2029, (EUR)<br>| &nbsp;&nbsp; 3146077 |
| 4575000 | &nbsp;&nbsp; Republic of Uzbekistan International Bonds, <br> 5.375%, 5/29/2027, (EUR)(a)<br>| &nbsp;&nbsp; 5540316 |
| 200000 | &nbsp;&nbsp; Republic of Uzbekistan International Bonds, <br> 5.375%, 2/20/2029<br>| &nbsp;&nbsp; 200505 |
| 10895000 | &nbsp;&nbsp; Republic of Uzbekistan International Bonds, <br> 6.900%, 2/28/2032(a)<br>| &nbsp;&nbsp; 11712561 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Sovereigns — continued** | **Sovereigns — continued** |
| $7475000 | &nbsp;&nbsp; Republic of Uzbekistan International Bonds, <br> 6.947%, 5/25/2032(a)<br>| &nbsp;&nbsp; $8043250 |
| 2210000 | &nbsp;&nbsp; Republic of Uzbekistan International Bonds, <br> 7.850%, 10/12/2028(a)<br>| &nbsp;&nbsp; 2376167 |
| 15455000 | &nbsp;&nbsp; Romania Government International Bonds, <br> 5.875%, 7/11/2032, (EUR)(a)<br>| &nbsp;&nbsp; 18580431 |
| 5540000 | &nbsp;&nbsp; Romania Government International Bonds, <br> 6.750%, 7/11/2039, (EUR)(a)<br>| &nbsp;&nbsp; 6630748 |
| 8665000 | &nbsp;&nbsp; Turkiye Government International Bonds, <br> 6.950%, 9/16/2035<br>| &nbsp;&nbsp; 8718030 |
|  |  | &nbsp;&nbsp; 168976125 |
|  | **Technology — 3.9%** | **Technology — 3.9%** |
| 10821000 | Block, Inc., 3.500%, 6/01/2031 | &nbsp;&nbsp; 10070268 |
| 6895000 | Broadcom, Inc., 3.137%, 11/15/2035(a) | &nbsp;&nbsp; 5965317 |
| 1255000 | Broadcom, Inc., 3.419%, 4/15/2033(a) | &nbsp;&nbsp; 1161471 |
| 10845000 | CDW LLC/CDW Finance Corp., 5.550%, 8/22/2034 | &nbsp;&nbsp; 11119983 |
| 4790000 | &nbsp;&nbsp; Dell International LLC/EMC Corp., <br> 5.100%, 2/15/2036<br>| &nbsp;&nbsp; 4763282 |
| 5995000 | Fair Isaac Corp., 6.000%, 5/15/2033(a) | &nbsp;&nbsp; 6069597 |
| 9980000 | Iron Mountain, Inc., 4.875%, 9/15/2029(a) | &nbsp;&nbsp; 9824790 |
| 3150000 | Leidos, Inc., 5.400%, 3/15/2032 | &nbsp;&nbsp; 3272482 |
| 6380000 | Leidos, Inc., 5.500%, 3/15/2035 | &nbsp;&nbsp; 6610482 |
| 12400000 | Micron Technology, Inc., 5.875%, 9/15/2033 | &nbsp;&nbsp; 13191089 |
| 3430000 | MSCI, Inc., 5.250%, 9/01/2035 | &nbsp;&nbsp; 3458397 |
| 2710000 | NetApp, Inc., 5.500%, 3/17/2032 | &nbsp;&nbsp; 2819602 |
| 2170000 | NetApp, Inc., 5.700%, 3/17/2035 | &nbsp;&nbsp; 2268369 |
| 7985000 | Oracle Corp., 5.200%, 9/26/2035 | &nbsp;&nbsp; 8028969 |
| 1925000 | Paychex, Inc., 5.600%, 4/15/2035 | &nbsp;&nbsp; 2015248 |
| 5200000 | Sensata Technologies BV, 4.000%, 4/15/2029(a) | &nbsp;&nbsp; 4990296 |
| 655000 | Sensata Technologies BV, 5.875%, 9/01/2030(a) | &nbsp;&nbsp; 659059 |
| 600000 | Sensata Technologies, Inc., 3.750%, 2/15/2031(a) | &nbsp;&nbsp; 553727 |
| 3650000 | Sensata Technologies, Inc., 6.625%, 7/15/2032(a) | &nbsp;&nbsp; 3776940 |
| 4165000 | Synopsys, Inc., 5.700%, 4/01/2055 | &nbsp;&nbsp; 4203446 |
| 343813 | Wolfspeed, Inc., 7.000%, 6/15/2031 | &nbsp;&nbsp; 510812 |
|  |  | &nbsp;&nbsp; 105333626 |
|  | **Treasuries — 18.0%** | **Treasuries — 18.0%** |
| 30935000 | &nbsp;&nbsp; Australia Government Bonds, <br> 1.000%, 11/21/2031, (AUD)<br>| &nbsp;&nbsp; 17269252 |
| 147,275(g)<br>| &nbsp;&nbsp; Brazil Notas do Tesouro Nacional, <br> 10.000%, 1/01/2031, (BRL)<br>| &nbsp;&nbsp; 24223309 |
| 32300000 | &nbsp;&nbsp; Bundesschatzanweisungen, 1.900%, 9/16/2027, <br> (EUR)<br>| &nbsp;&nbsp; 37833213 |
| 5,055,000(h)<br>| Mexico Bonos, 8.500%, 11/18/2038, (MXN) | &nbsp;&nbsp; 26512010 |
| 809770000 | &nbsp;&nbsp; Republic of South Africa Government Bonds, <br> 9.000%, 1/31/2040, (ZAR)<br>| &nbsp;&nbsp; 42908184 |
| 529020000 | &nbsp;&nbsp; Turkiye Government Bonds, 36.000%, 8/12/2026, <br> (TRY)<br>| &nbsp;&nbsp; 12590353 |
| 779595000 | &nbsp;&nbsp; Turkiye Government Bonds, 37.000%, 2/18/2026, <br> (TRY)<br>| &nbsp;&nbsp; 18746152 |
| 89295000 | U.S. Treasury Notes, 3.750%, 4/30/2027 | &nbsp;&nbsp; 89420571 |
| 188340000 | U.S. Treasury Notes, 4.000%, 3/31/2030(i) | &nbsp;&nbsp; 190495610 |
| 5425000 | U.S. Treasury Notes, 4.500%, 5/31/2029 | &nbsp;&nbsp; 5577154 |
| 293070000 | &nbsp;&nbsp; Uruguay Government International Bonds, <br> 8.500%, 3/15/2028, (UYU)<br>| &nbsp;&nbsp; 7463967 |
| 283105000 | &nbsp;&nbsp; Uruguay Government International Bonds, <br> 9.750%, 7/20/2033, (UYU)<br>| &nbsp;&nbsp; 7785760 |
|  |  | &nbsp;&nbsp; 480825535 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Wirelines — 0.3%** | **Wirelines — 0.3%** |
| $7065000 | AT&T, Inc., 5.375%, 8/15/2035 | &nbsp;&nbsp; $7276444 |
|  | &nbsp;&nbsp; Total Non-Convertible Bonds <br>(Identified Cost $2,124,628,712)<br>| &nbsp;&nbsp; 1987514547 |
| **Convertible Bonds — 1.6%** | **Convertible Bonds — 1.6%** | **Convertible Bonds — 1.6%** |
|  | **Cable Satellite — 0.5%** | **Cable Satellite — 0.5%** |
| 5176509 | &nbsp;&nbsp; EchoStar Corp., 3.875% PIK and/or 3.875% Cash, <br> 11/30/2030(d)<br>| &nbsp;&nbsp; 12734212 |
|  | **Consumer Cyclical Services — 0.1%** | **Consumer Cyclical Services — 0.1%** |
| 889000 | DoorDash, Inc., Zero Coupon, 5/15/2030(a) | &nbsp;&nbsp; 1010348 |
| 353000 | Lyft, Inc., Zero Coupon, 9/15/2030(a) | &nbsp;&nbsp; 425895 |
| 854000 | MakeMyTrip Ltd., Zero Coupon, 7/01/2030(a) | &nbsp;&nbsp; 881695 |
| 587000 | &nbsp;&nbsp; Uber Technologies, Inc., Series 2028, <br> 0.875%, 12/01/2028<br>| &nbsp;&nbsp; 862890 |
|  |  | &nbsp;&nbsp; 3180828 |
|  | **Diversified Manufacturing — 0.1%** | **Diversified Manufacturing — 0.1%** |
| 454000 | &nbsp;&nbsp; Advanced Energy Industries, Inc., <br> 2.500%, 9/15/2028<br>| &nbsp;&nbsp; 628563 |
| 878000 | Itron, Inc., 1.375%, 7/15/2030 | &nbsp;&nbsp; 1006188 |
|  |  | &nbsp;&nbsp; 1634751 |
|  | **Electric — 0.1%** | **Electric — 0.1%** |
| 524000 | Evergy, Inc., 4.500%, 12/15/2027 | &nbsp;&nbsp; 658406 |
| 600000 | FirstEnergy Corp., 3.875%, 1/15/2031(a) | &nbsp;&nbsp; 647400 |
|  |  | &nbsp;&nbsp; 1305806 |
|  | **Financial Other — 0.0%** | **Financial Other — 0.0%** |
| 103296 | &nbsp;&nbsp; China Aoyuan Group Ltd., Series IAI, Zero <br> Coupon, 9/30/2028<br>| &nbsp;&nbsp; 1607 |
| 760401 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., Zero Coupon, <br> 12/31/2025(a)<br>| &nbsp;&nbsp; 19010 |
| 1013791 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., Zero Coupon, <br> 12/31/2026(a)<br>| &nbsp;&nbsp; 22810 |
| 1267298 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., Zero Coupon, <br> 12/31/2027(a)<br>| &nbsp;&nbsp; 23762 |
| 2027583 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., Zero Coupon, <br> 12/31/2028(a)<br>| &nbsp;&nbsp; 38017 |
| 2027583 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., Zero Coupon, <br> 12/31/2029(a)<br>| &nbsp;&nbsp; 38017 |
| 2534479 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., Zero Coupon, <br> 12/31/2030(a)<br>| &nbsp;&nbsp; 47522 |
| 2534479 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., Zero Coupon, <br> 12/31/2031(a)<br>| &nbsp;&nbsp; 47522 |
| 4781437 | &nbsp;&nbsp; Kaisa Group Holdings Ltd., Zero Coupon, <br> 12/31/2032(a)<br>| &nbsp;&nbsp; 89652 |
| 8042211 | &nbsp;&nbsp; Shimao Group Holdings Ltd., Zero Coupon, <br> 7/21/2026(a)<br>| &nbsp;&nbsp; 448273 |
|  |  | &nbsp;&nbsp; 776192 |
|  | **Food & Beverage — 0.1%** | **Food & Beverage — 0.1%** |
| 1398000 | Post Holdings, Inc., 2.500%, 8/15/2027 | &nbsp;&nbsp; 1568556 |
|  | **Independent Energy — 0.0%** | **Independent Energy — 0.0%** |
| 641000 | Northern Oil & Gas, Inc., 3.625%, 4/15/2029 | &nbsp;&nbsp; 641961 |
|  | **Industrial Other — 0.1%** | **Industrial Other — 0.1%** |
| 456000 | Fluor Corp., 1.125%, 8/15/2029 | &nbsp;&nbsp; 541044 |
| 245000 | Granite Construction, Inc., 3.750%, 5/15/2028 | &nbsp;&nbsp; 589470 |
|  |  | &nbsp;&nbsp; 1130514 |
|  | **Leisure — 0.0%** | **Leisure — 0.0%** |
| 814000 | NCL Corp. Ltd., 0.875%, 4/15/2030(a) | &nbsp;&nbsp; 957976 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Media Entertainment — 0.0%** | **Media Entertainment — 0.0%** |
| $299000 | Sea Ltd., 2.375%, 12/01/2025 | &nbsp;&nbsp; $590375 |
| 277000 | Spotify USA, Inc., Zero Coupon, 3/15/2026 | &nbsp;&nbsp; 378521 |
|  |  | &nbsp;&nbsp; 968896 |
|  | **Midstream — 0.0%** | **Midstream — 0.0%** |
| 663000 | UGI Corp., 5.000%, 6/01/2028 | &nbsp;&nbsp; 847428 |
|  | **Pharmaceuticals — 0.0%** | **Pharmaceuticals — 0.0%** |
| 892000 | Jazz Investments I Ltd., 3.125%, 9/15/2030 | &nbsp;&nbsp; 1058358 |
|  | **Retailers — 0.0%** | **Retailers — 0.0%** |
| 388000 | Freshpet, Inc., 3.000%, 4/01/2028 | &nbsp;&nbsp; 436112 |
|  | **Technology — 0.6%** | **Technology — 0.6%** |
| 377000 | Cloudflare, Inc., Zero Coupon, 6/15/2030(a) | &nbsp;&nbsp; 428084 |
| 627000 | &nbsp;&nbsp; Commvault Systems, Inc., Zero Coupon, <br> 9/15/2030(a)<br>| &nbsp;&nbsp; 648443 |
| 1200000 | &nbsp;&nbsp; CyberArk Software Ltd., Zero Coupon, <br> 6/15/2030(a)<br>| &nbsp;&nbsp; 1332478 |
| 1363000 | Datadog, Inc., Zero Coupon, 12/01/2029(a) | &nbsp;&nbsp; 1349370 |
| 652000 | Euronet Worldwide, Inc., 0.625%, 10/01/2030(a) | &nbsp;&nbsp; 621030 |
| 1123000 | Global Payments, Inc., 1.500%, 3/01/2031 | &nbsp;&nbsp; 1027831 |
| 1032000 | Guidewire Software, Inc., 1.250%, 11/01/2029(a) | &nbsp;&nbsp; 1200240 |
| 142000 | InterDigital, Inc., 3.500%, 6/01/2027 | &nbsp;&nbsp; 634953 |
| 543000 | Nova Ltd., Zero Coupon, 9/15/2030(a) | &nbsp;&nbsp; 652764 |
| 1021000 | Nutanix, Inc., 0.500%, 12/15/2029(a) | &nbsp;&nbsp; 1149342 |
| 1309000 | Rubrik, Inc., Zero Coupon, 6/15/2030(a) | &nbsp;&nbsp; 1324053 |
| 231000 | Seagate HDD Cayman, 3.500%, 6/01/2028 | &nbsp;&nbsp; 665280 |
| 738000 | Snowflake, Inc., Zero Coupon, 10/01/2029 | &nbsp;&nbsp; 1155339 |
| 687000 | Tyler Technologies, Inc., 0.250%, 3/15/2026 | &nbsp;&nbsp; 753983 |
| 534000 | Wix.com Ltd., Zero Coupon, 9/15/2030(a) | &nbsp;&nbsp; 583128 |
| 208000 | Wolfspeed, Inc., 2.500%, 6/15/2031 | &nbsp;&nbsp; 497120 |
| 920000 | Zscaler, Inc., Zero Coupon, 7/15/2028(a) | &nbsp;&nbsp; 912180 |
|  |  | &nbsp;&nbsp; 14935618 |
|  | &nbsp;&nbsp; Total Convertible Bonds <br>(Identified Cost $38,826,173)<br>| &nbsp;&nbsp; 42177208 |
| **Municipals — 0.8%** | **Municipals — 0.8%** | **Municipals — 0.8%** |
|  | **Virginia — 0.8%** | **Virginia — 0.8%** |
| 28335000 | &nbsp;&nbsp; Tobacco Settlement Financing Corp., <br> 6.706%, 6/01/2046 <br>(Identified Cost $28,332,718)<br>| &nbsp;&nbsp; 21340335 |
|  | &nbsp;&nbsp; Total Bonds and Notes <br>(Identified Cost $2,191,787,603)<br>| &nbsp;&nbsp; 2051032090 |
| **Senior Loans — 8.0%** | **Senior Loans — 8.0%** | **Senior Loans — 8.0%** |
|  | **Aerospace & Defense — 0.0%** | **Aerospace & Defense — 0.0%** |
| 1021794 | &nbsp;&nbsp; TransDigm, Inc., 2025 Term Loan K, 3 mo. USD <br> SOFR + 2.250%, 6.252%, 3/22/2030(b)(j)<br>| &nbsp;&nbsp; 1020568 |
|  | **Automotive — 0.1%** | **Automotive — 0.1%** |
| 2535000 | &nbsp;&nbsp; First Brands Group LLC, 2021 Term Loan, <br> 3/30/2027(e)<br>| &nbsp;&nbsp; 891788 |
| 1970000 | &nbsp;&nbsp; First Brands Group LLC, 2022 Incremental Term <br> Loan, 3/30/2027(e)<br>| &nbsp;&nbsp; 693814 |
|  |  | &nbsp;&nbsp; 1585602 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Brokerage — 0.4%** | **Brokerage — 0.4%** |
| $1263634 | &nbsp;&nbsp; Citadel Securities LP, 2024 First Lien Term Loan, <br> 1 mo. USD SOFR + 2.000%, <br> 6.163%, 10/31/2031(b)(j)<br>| &nbsp;&nbsp; $1265694 |
| 9370528 | &nbsp;&nbsp; Edelman Financial Center LLC, 2024 Term Loan, <br> 1 mo. USD SOFR + 3.000%, <br> 7.163%, 4/07/2028(b)(j)<br>| &nbsp;&nbsp; 9373901 |
|  |  | &nbsp;&nbsp; 10639595 |
|  | **Cable Satellite — 0.1%** | **Cable Satellite — 0.1%** |
| 1429324 | &nbsp;&nbsp; CSC Holdings LLC, 2022 Term Loan B6, 1 mo. <br> USD SOFR + 4.500%, 8.650%, 1/18/2028(b)(j)<br>| &nbsp;&nbsp; 1419218 |
|  | **Chemicals — 0.2%** | **Chemicals — 0.2%** |
| 4655000 | &nbsp;&nbsp; Solstice Advanced Materials, Inc., Term Loan B, <br> 9/17/2032(k)<br>| &nbsp;&nbsp; 4657933 |
|  | **Construction Machinery — 0.1%** | **Construction Machinery — 0.1%** |
| 1075000 | &nbsp;&nbsp; Herc Holdings, Inc., Term Loan B, 1 mo. USD <br> SOFR + 2.000%, 6.255%, 6/02/2032(b)(j)<br>| &nbsp;&nbsp; 1079031 |
| 925356 | Terex Corp., 2025 Term Loan, 10/08/2031(k) | &nbsp;&nbsp; 926281 |
| 1002456 | &nbsp;&nbsp; United Rentals, Inc., 2025 Repriced Term Loan B, <br> 1 mo. USD SOFR + 1.500%, <br> 5.663%, 2/14/2031(b)(j)<br>| &nbsp;&nbsp; 1006526 |
|  |  | &nbsp;&nbsp; 3011838 |
|  | **Consumer Cyclical Services — 0.3%** | **Consumer Cyclical Services — 0.3%** |
| 7475554 | &nbsp;&nbsp; Ryan LLC, Term Loan, 1 mo. USD SOFR + 3.500%, <br> 7.663%, 11/14/2030(b)(j)<br>| &nbsp;&nbsp; 7484898 |
|  | **Diversified Manufacturing — 0.2%** | **Diversified Manufacturing — 0.2%** |
| 6405695 | &nbsp;&nbsp; Resideo Funding, Inc., 2024 M&A 1st lien Term <br> Loan B, 6 mo. USD SOFR + 2.000%, <br> 5.839%, 6/13/2031(b)(j)<br>| &nbsp;&nbsp; 6397688 |
|  | **Electric — 0.5%** | **Electric — 0.5%** |
| 1326633 | NRG Energy, Inc., 2024 Term Loan, 4/16/2031(k) | &nbsp;&nbsp; 1326222 |
| 11474006 | &nbsp;&nbsp; NRG Energy, Inc., 2024 Term Loan, 3 mo. USD <br> SOFR + 1.750%, 6.064%, 4/16/2031(b)(j)<br>| &nbsp;&nbsp; 11470449 |
|  |  | &nbsp;&nbsp; 12796671 |
|  | **Environmental — 0.1%** | **Environmental — 0.1%** |
| 4065000 | Clean Harbors, Inc., 2025 Term Loan, 9/24/2032(k) | &nbsp;&nbsp; 4070081 |
|  | **Gaming — 0.3%** | **Gaming — 0.3%** |
| 3098463 | &nbsp;&nbsp; Flutter Financing BV, 2024 Term Loan B, 3 mo. <br> USD SOFR + 1.750%, 5.752%, 11/30/2030(b)(j)<br>| &nbsp;&nbsp; 3085295 |
| 5092238 | &nbsp;&nbsp; Flutter Financing BV, 2025 Term Loan B, 3 mo. <br> USD SOFR + 2.000%, 6.002%, 6/04/2032(b)(j)<br>| &nbsp;&nbsp; 5082359 |
| 646829 | &nbsp;&nbsp; Light & Wonder International, Inc., 2024 Term <br> Loan B2, 1 mo. USD SOFR + 2.250%, <br> 6.393%, 4/14/2029(b)(j)<br>| &nbsp;&nbsp; 647236 |
|  |  | &nbsp;&nbsp; 8814890 |
|  | **Healthcare — 0.7%** | **Healthcare — 0.7%** |
| 1649157 | &nbsp;&nbsp; Bausch & Lomb Corp., 2023 Incremental Term <br> Loan, 1 mo. USD SOFR + 4.000%, <br> 8.166%, 9/29/2028(b)(j)<br>| &nbsp;&nbsp; 1647095 |
| 13521722 | &nbsp;&nbsp; Bausch & Lomb Corp., 2025 Term Loan B, 1 mo. <br> USD SOFR + 4.250%, 8.413%, 1/15/2031(b)(j)<br>| &nbsp;&nbsp; 13510499 |
| 1169117 | &nbsp;&nbsp; DaVita, Inc., 2025 Term Loan B, 1 mo. USD SOFR <br> + 1.750%, 5.913%, 5/09/2031(b)(j)<br>| &nbsp;&nbsp; 1170696 |
| 348816 | &nbsp;&nbsp; Hanger, Inc., 2024 Delayed Draw Term Loan, <br> 3.500%, 10/23/2031(l)<br>| &nbsp;&nbsp; 349339 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Healthcare — continued** | **Healthcare — continued** |
| $61248 | &nbsp;&nbsp; Hanger, Inc., 2024 Delayed Draw Term Loan, <br> 1 mo. USD SOFR + 3.500%, <br> 7.663%, 10/23/2031(b)(j)<br>| &nbsp;&nbsp; $61340 |
| 3171286 | &nbsp;&nbsp; Hanger, Inc., 2024 Term Loan B, 1 mo. USD SOFR <br> + 3.500%, 7.663%, 10/23/2031(b)(j)<br>| &nbsp;&nbsp; 3176043 |
|  |  | &nbsp;&nbsp; 19915012 |
|  | **Leisure — 0.1%** | **Leisure — 0.1%** |
| 1481250 | &nbsp;&nbsp; Six Flags Entertainment Corp., 2024 Term Loan B, <br> 1 mo. USD SOFR + 2.000%, <br> 6.163%, 5/01/2031(b)(j)<br>| &nbsp;&nbsp; 1470511 |
|  | **Lodging — 0.6%** | **Lodging — 0.6%** |
| 4583402 | &nbsp;&nbsp; Hilton Domestic Operating Co., Inc., 2023 Term <br> Loan B4, 1 mo. USD SOFR + 1.750%, <br> 5.908%, 11/08/2030(b)<br>| &nbsp;&nbsp; 4586335 |
| 121201 | &nbsp;&nbsp; Hilton Grand Vacations Borrower LLC, 2021 Term <br> Loan B, 1 mo. USD SOFR + 2.000%, <br> 6.163%, 8/02/2028(b)(j)<br>| &nbsp;&nbsp; 121005 |
| 11958642 | &nbsp;&nbsp; Hilton Grand Vacations Borrower LLC, 2024 <br> Incremental Term Loan B, 1 mo. USD SOFR + <br> 2.000%, 6.163%, 1/17/2031(b)(j)<br>| &nbsp;&nbsp; 11939987 |
|  |  | &nbsp;&nbsp; 16647327 |
|  | **Paper — 0.3%** | **Paper — 0.3%** |
| 6792052 | &nbsp;&nbsp; Asplundh Tree Expert LLC, 2024 Incremental <br> Term Loan B, 1 mo. USD SOFR + 1.750%, <br> 5.913%, 5/23/2031(b)<br>| &nbsp;&nbsp; 6788385 |
|  | **Property & Casualty Insurance — 1.7%** | **Property & Casualty Insurance — 1.7%** |
| 10796255 | &nbsp;&nbsp; Alliant Holdings Intermediate LLC, 2025 Term <br> Loan B, 1 mo. USD SOFR + 2.500%, <br> 6.666%, 9/19/2031(b)(j)<br>| &nbsp;&nbsp; 10764946 |
| 13349293 | &nbsp;&nbsp; Amynta Agency Borrower, Inc., 2025 Term Loan <br> B, 1 mo. USD SOFR + 2.750%, <br> 6.913%, 12/29/2031(b)(j)<br>| &nbsp;&nbsp; 13294427 |
| 13840537 | &nbsp;&nbsp; Ardonagh Midco 3 PLC, 2024 USD Term Loan B, <br> USD SOFR + 2.750%, 6.940%, 2/15/2031(b)(j)<br>| &nbsp;&nbsp; 13759847 |
| 3647234 | &nbsp;&nbsp; HUB International Ltd., 2025 Term Loan B, 3 mo. <br> USD SOFR + 2.250%, 6.575%, 6/20/2030(b)(j)<br>| &nbsp;&nbsp; 3651684 |
| 940890 | &nbsp;&nbsp; Ryan Specialty Group LLC, 2024 USD Term Loan <br> B, 1 mo. USD SOFR + 2.000%, <br> 6.163%, 9/15/2031(b)(j)<br>| &nbsp;&nbsp; 940598 |
| 1734409 | &nbsp;&nbsp; Truist Insurance Holdings LLC, 2024 Term Loan <br> B, 3 mo. USD SOFR + 2.750%, <br> 6.752%, 5/06/2031(b)(j)<br>| &nbsp;&nbsp; 1731703 |
|  |  | &nbsp;&nbsp; 44143205 |
|  | **Technology — 2.2%** | **Technology — 2.2%** |
| 1267738 | &nbsp;&nbsp; Ciena Corp., 2025 Repriced Term Loan B, 1 mo. <br> USD SOFR + 1.750%, 5.885%, 10/24/2030(b)(j)<br>| &nbsp;&nbsp; 1268536 |
| 18253801 | &nbsp;&nbsp; First Advantage Holdings LLC, 2025 Repriced <br> Term Loan B, 1 mo. USD SOFR + 2.750%, <br> 6.913%, 10/31/2031(b)(j)<br>| &nbsp;&nbsp; 17768981 |
| 13502150 | &nbsp;&nbsp; Fortress Intermediate 3, Inc., 2025 Term Loan B, <br> 1 mo. USD SOFR + 3.000%, <br> 7.255%, 6/27/2031(b)(j)<br>| &nbsp;&nbsp; 13535905 |
| 9005000 | &nbsp;&nbsp; Gryphon Acquire NewCo LLC, Term Loan B, <br> 6 mo. USD SOFR + 3.000%, <br> 6.879%, 9/13/2032(b)(j)<br>| &nbsp;&nbsp; 9024721 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Technology — continued** | **Technology — continued** |
| $5158240 | &nbsp;&nbsp; Kaseya, Inc., 2025 1st Lien Term Loan B, 1 mo. <br> USD SOFR + 3.250%, 7.413%, 3/20/2032(b)(j)<br>| &nbsp;&nbsp; $5162935 |
| 12578995 | &nbsp;&nbsp; Trans Union LLC, 2024 Term Loan B8, 1 mo. USD <br> SOFR + 1.750%, 5.913%, 6/24/2031(b)(j)<br>| &nbsp;&nbsp; 12566793 |
|  |  | &nbsp;&nbsp; 59327871 |
|  | **Wireless — 0.1%** | **Wireless — 0.1%** |
| 2939656 | &nbsp;&nbsp; SBA Senior Finance II LLC, 2024 Term Loan B, <br> 1 mo. USD SOFR + 1.750%, <br> 5.920%, 1/25/2031(b)(j)<br>| &nbsp;&nbsp; 2948328 |
|  | &nbsp;&nbsp; Total Senior Loans <br>(Identified Cost $213,796,871)<br>| &nbsp;&nbsp; 213139621 |

---

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

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Shares**<br>|  |  |
| **Common Stocks— 6.2%** | **Common Stocks— 6.2%** | **Common Stocks— 6.2%** |
|  | **Aerospace & Defense — 0.1%** | **Aerospace & Defense — 0.1%** |
| 5560 | General Electric Co. | &nbsp;&nbsp; 1672559 |
| 4732 | Lockheed Martin Corp. | &nbsp;&nbsp; 2362262 |
|  |  | &nbsp;&nbsp; 4034821 |
|  | **Air Freight & Logistics — 0.1%** | **Air Freight & Logistics — 0.1%** |
| 40234 | United Parcel Service, Inc., Class B | &nbsp;&nbsp; 3360746 |
|  | **Biotechnology — 0.5%** | **Biotechnology — 0.5%** |
| 17464 | AbbVie, Inc. | &nbsp;&nbsp; 4043615 |
| 110189 | BioMarin Pharmaceutical, Inc.(f) | &nbsp;&nbsp; 5967836 |
| 36081 | Gilead Sciences, Inc. | &nbsp;&nbsp; 4004991 |
|  |  | &nbsp;&nbsp; 14016442 |
|  | **Capital Markets — 0.4%** | **Capital Markets — 0.4%** |
| 12564 | CME Group, Inc. | &nbsp;&nbsp; 3394667 |
| 2862 | Moody's Corp. | &nbsp;&nbsp; 1363686 |
| 32496 | Morgan Stanley | &nbsp;&nbsp; 5165564 |
|  |  | &nbsp;&nbsp; 9923917 |
|  | **Chemicals — 0.1%** | **Chemicals — 0.1%** |
| 37695 | Corteva, Inc. | &nbsp;&nbsp; 2549313 |
| 3040 | Linde PLC | &nbsp;&nbsp; 1444000 |
|  |  | &nbsp;&nbsp; 3993313 |
|  | **Construction Materials — 0.0%** | **Construction Materials — 0.0%** |
| 148908 | Cemex SAB de CV, ADR | &nbsp;&nbsp; 1338683 |
|  | **Consumer Staples Distribution & Retail — 0.1%** | **Consumer Staples Distribution & Retail — 0.1%** |
| 3605 | Costco Wholesale Corp. | &nbsp;&nbsp; 3336896 |
|  | **Containers & Packaging — 0.2%** | **Containers & Packaging — 0.2%** |
| 20773 | Packaging Corp. of America | &nbsp;&nbsp; 4527060 |
|  | **Diversified REITs — 0.0%** | **Diversified REITs — 0.0%** |
| 3376 | NexPoint Diversified Real Estate Trust | &nbsp;&nbsp; 12457 |
|  | **Electric Utilities — 0.2%** | **Electric Utilities — 0.2%** |
| 33440 | Duke Energy Corp. | &nbsp;&nbsp; 4138200 |
|  | **Electrical Equipment — 0.1%** | **Electrical Equipment — 0.1%** |
| 26695 | Emerson Electric Co. | &nbsp;&nbsp; 3501850 |
|  | **Electronic Equipment, Instruments & Components — 0.1%** | **Electronic Equipment, Instruments & Components — 0.1%** |
| 13590 | Amphenol Corp., Class A | &nbsp;&nbsp; 1681763 |
|  | **Financial Services — 0.2%** | **Financial Services — 0.2%** |
| 8763 | Mastercard, Inc., Class A | &nbsp;&nbsp; 4984482 |
|  | **Ground Transportation — 0.1%** | **Ground Transportation — 0.1%** |
| 15549 | Union Pacific Corp. | &nbsp;&nbsp; 3675317 |

---

------

---

| | | |
|:---|:---|:---|
| <br> **Shares**<br>| **Description** | **Value (†)** |
|  | **Health Care Equipment & Supplies — 0.1%** | **Health Care Equipment & Supplies — 0.1%** |
| 11245 | Abbott Laboratories | &nbsp;&nbsp; $1506155 |
|  | **Health Care Providers & Services — 0.3%** | **Health Care Providers & Services — 0.3%** |
| 11080 | Elevance Health, Inc. | &nbsp;&nbsp; 3580170 |
| 10080 | UnitedHealth Group, Inc. | &nbsp;&nbsp; 3480624 |
|  |  | &nbsp;&nbsp; 7060794 |
|  | **Hotels, Restaurants & Leisure — 0.1%** | **Hotels, Restaurants & Leisure — 0.1%** |
| 467 | Booking Holdings, Inc. | &nbsp;&nbsp; 2521459 |
| 2907 | Royal Caribbean Cruises Ltd. | &nbsp;&nbsp; 940647 |
|  |  | &nbsp;&nbsp; 3462106 |
|  | **Household Durables — 0.1%** | **Household Durables — 0.1%** |
| 6289 | Garmin Ltd. | &nbsp;&nbsp; 1548478 |
|  | **Household Products — 0.5%** | **Household Products — 0.5%** |
| 55272 | Colgate-Palmolive Co. | &nbsp;&nbsp; 4418444 |
| 49484 | Kimberly-Clark Corp. | &nbsp;&nbsp; 6152841 |
| 25936 | Procter & Gamble Co. | &nbsp;&nbsp; 3985066 |
|  |  | &nbsp;&nbsp; 14556351 |
|  | **Interactive Media & Services — 0.2%** | **Interactive Media & Services — 0.2%** |
| 18651 | Alphabet, Inc., Class A | &nbsp;&nbsp; 4534058 |
|  | **Machinery — 0.1%** | **Machinery — 0.1%** |
| 4779 | Deere & Co. | &nbsp;&nbsp; 2185246 |
|  | **Media — 0.3%** | **Media — 0.3%** |
| 1317588 | Altice USA, Inc., Class A(f) | &nbsp;&nbsp; 3175387 |
| 139210 | Comcast Corp., Class A | &nbsp;&nbsp; 4373978 |
| 461939 | iHeartMedia, Inc., Class A(f) | &nbsp;&nbsp; 1325765 |
|  |  | &nbsp;&nbsp; 8875130 |
|  | **Oil, Gas & Consumable Fuels — 0.3%** | **Oil, Gas & Consumable Fuels — 0.3%** |
| 9229 | Battalion Oil Corp.(f) | &nbsp;&nbsp; 11167 |
| 36073 | Exxon Mobil Corp. | &nbsp;&nbsp; 4067231 |
| 67218 | Williams Cos., Inc. | &nbsp;&nbsp; 4258260 |
|  |  | &nbsp;&nbsp; 8336658 |
|  | **Pharmaceuticals — 0.6%** | **Pharmaceuticals — 0.6%** |
| 70670 | Bristol-Myers Squibb Co. | &nbsp;&nbsp; 3187217 |
| 8301 | Johnson & Johnson | &nbsp;&nbsp; 1539172 |
| 83074 | Merck & Co., Inc. | &nbsp;&nbsp; 6972401 |
| 176992 | Teva Pharmaceutical Industries Ltd., ADR(f) | &nbsp;&nbsp; 3575238 |
|  |  | &nbsp;&nbsp; 15274028 |
|  | **Real Estate Management & Development — 0.0%** | **Real Estate Management & Development — 0.0%** |
| 288943 | China Aoyuan Group Ltd.(f) | &nbsp;&nbsp; 4270 |
| 723818 | Sunac China Holdings Ltd.(f) | &nbsp;&nbsp; 157995 |
| 3205816 | Yuzhou Group Holdings Co. Ltd.(f) | &nbsp;&nbsp; 105048 |
|  |  | &nbsp;&nbsp; 267313 |
|  | **Retail REITs — 0.1%** | **Retail REITs — 0.1%** |
| 19126 | Simon Property Group, Inc. | &nbsp;&nbsp; 3589376 |
|  | **Semiconductors & Semiconductor Equipment — 0.3%** | **Semiconductors & Semiconductor Equipment — 0.3%** |
| 1739 | ASML Holding NV | &nbsp;&nbsp; 1683509 |
| 7617 | Broadcom, Inc. | &nbsp;&nbsp; 2512924 |
| 7912 | &nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd., <br> ADR<br>| &nbsp;&nbsp; 2209742 |
| 28456 | Wolfspeed, Inc.(f) | &nbsp;&nbsp; 813855 |
|  |  | &nbsp;&nbsp; 7220030 |
|  | **Software — 0.6%** | **Software — 0.6%** |
| 10278 | Microsoft Corp. | &nbsp;&nbsp; 5323490 |
| 23956 | Salesforce, Inc. | &nbsp;&nbsp; 5677572 |
| 17722 | SAP SE, ADR | &nbsp;&nbsp; 4735496 |
|  |  | &nbsp;&nbsp; 15736558 |

---

---

| | | |
|:---|:---|:---|
| <br> **Shares**<br>| **Description** | **Value (†)** |
|  | **Specialty Retail — 0.2%** | **Specialty Retail — 0.2%** |
| 34175 | TJX Cos., Inc. | &nbsp;&nbsp; $4939654 |
|  | **Technology Hardware, Storage & Peripherals — 0.2%** | **Technology Hardware, Storage & Peripherals — 0.2%** |
| 19428 | Apple, Inc. | &nbsp;&nbsp; 4946952 |
| 23768 | IQOR US, Inc.(f) | &nbsp;&nbsp; 35652 |
|  |  | &nbsp;&nbsp; 4982604 |
|  | &nbsp;&nbsp; Total Common Stocks <br>(Identified Cost $206,180,952)<br>| &nbsp;&nbsp; 166600486 |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount (‡)**<br>|  |  |
| **Equity-Linked Notes — 4.4%** | **Equity-Linked Notes — 4.4%** | **Equity-Linked Notes — 4.4%** |
| $3915700 | &nbsp;&nbsp; Barclays Bank PLC, (Yum! Brands, Inc.), <br> 9.570%, 8/21/2026(a)<br>| &nbsp;&nbsp; 4015334 |
| 4129249 | &nbsp;&nbsp; Barclays Bank PLC, (Parker-Hannifin Corp.), <br> 10.770%, 3/23/2026(a)<br>| &nbsp;&nbsp; 4330455 |
| 4047366 | &nbsp;&nbsp; Barclays Bank PLC, (Honeywell International, <br> Inc.), 11.390%, 4/29/2026(a)<br>| &nbsp;&nbsp; 4037328 |
| 3951258 | &nbsp;&nbsp; Barclays Bank PLC, (Trane Technologies PLC), <br> 12.120%, 5/13/2026(a)<br>| &nbsp;&nbsp; 3888694 |
| 3299638 | &nbsp;&nbsp; Barclays Bank PLC, (W.W. Grainger, Inc.), <br> 12.270%, 11/14/2025(a)<br>| &nbsp;&nbsp; 3166060 |
| 4182887 | &nbsp;&nbsp; Barclays Bank PLC, (FedEx Corp.), <br> 13.420%, 1/29/2026(a)<br>| &nbsp;&nbsp; 3884873 |
| 3320393 | &nbsp;&nbsp; Barclays Bank PLC, (ServiceNow, Inc.), <br> 13.610%, 3/09/2026(a)<br>| &nbsp;&nbsp; 3168280 |
| 1283356 | &nbsp;&nbsp; Barclays Bank PLC, (Cheniere Energy, Inc.), <br> 14.470%, 1/16/2026(a)<br>| &nbsp;&nbsp; 1273875 |
| 2673784 | &nbsp;&nbsp; Barclays Bank PLC, (Meta Platforms, Inc.), <br> 14.920%, 4/07/2026(a)<br>| &nbsp;&nbsp; 2830498 |
| 4011253 | &nbsp;&nbsp; Barclays Bank PLC, (Walt Disney Co.), <br> 16.140%, 1/20/2026(a)<br>| &nbsp;&nbsp; 3989611 |
| 3983244 | &nbsp;&nbsp; Barclays Bank PLC, (Adobe, Inc.), <br> 17.110%, 6/09/2026(a)<br>| &nbsp;&nbsp; 4018490 |
| 3042842 | &nbsp;&nbsp; Barclays Bank PLC, (Freeport-McMoRan, Inc.), <br> 20.380%, 4/29/2026(a)<br>| &nbsp;&nbsp; 3214343 |
| 3735009 | &nbsp;&nbsp; BNP Paribas Issuance BV, (McDonald's Corp.), <br> 11.600%, 11/24/2025(a)<br>| &nbsp;&nbsp; 3692323 |
| 4001938 | &nbsp;&nbsp; BNP Paribas Issuance BV, (Visa, Inc.), <br> 12.010%, 4/01/2026(a)<br>| &nbsp;&nbsp; 4005900 |
| 2655494 | &nbsp;&nbsp; BNP Paribas Issuance BV, (Kinder Morgan, <br> Inc.), 12.270%, 6/25/2026(a)<br>| &nbsp;&nbsp; 2669323 |
| 3404634 | &nbsp;&nbsp; BNP Paribas Issuance BV, (Caterpillar, Inc.), <br> 12.410%, 3/19/2026(a)<br>| &nbsp;&nbsp; 3660738 |
| 4254050 | &nbsp;&nbsp; BNP Paribas Issuance BV, (Amazon.com, Inc.), <br> 12.420%, 3/12/2026(a)<br>| &nbsp;&nbsp; 4264477 |
| 4072817 | &nbsp;&nbsp; BNP Paribas Issuance BV, (American Express <br> Co.), 12.710%, 3/26/2026(a)<br>| &nbsp;&nbsp; 4340779 |
| 3900252 | &nbsp;&nbsp; BNP Paribas Issuance BV, (Progressive Corp.), <br> 12.920%, 2/20/2026(a)<br>| &nbsp;&nbsp; 3903734 |
| 4012753 | &nbsp;&nbsp; BNP Paribas Issuance BV, (Cardinal Health, <br> Inc.), 15.070%, 2/03/2026(a)<br>| &nbsp;&nbsp; 4075685 |
| 4030349 | &nbsp;&nbsp; BNP Paribas Issuance BV, (Crowdstrike <br> Holdings, Inc.), 17.830%, 5/26/2026(a)<br>| &nbsp;&nbsp; 4154627 |
| 1279991 | &nbsp;&nbsp; BNP Paribas Issuance BV, (Goldman Sachs <br> Group, Inc.), 18.240%, 11/03/2025(a)<br>| &nbsp;&nbsp; 1335631 |
| 4181323 | &nbsp;&nbsp; Citigroup Global Markets Holdings, Inc., (EOG <br> Resources, Inc.), 11.830%, 2/11/2026(a)<br>| &nbsp;&nbsp; 3683719 |
| 2657085 | &nbsp;&nbsp; Citigroup Global Markets Holdings, Inc., <br> (Honeywell International, Inc.), <br> 12.100%, 1/06/2026(a)<br>| &nbsp;&nbsp; 2626181 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
| $4030023 | &nbsp;&nbsp; Citigroup Global Markets Holdings, Inc., (Eli Lilly <br> and Co.), 17.150%, 10/02/2025(a)<br>| &nbsp;&nbsp; $3593075 |
| 2595107 | &nbsp;&nbsp; Citigroup Global Markets Holdings, Inc., <br> (Carnival Corp.), 18.240%, 8/04/2026(a)<br>| &nbsp;&nbsp; 2595107 |
| 3235487 | &nbsp;&nbsp; Citigroup Global Markets Holdings, Inc., (KLA <br> Corp.), 20.670%, 10/15/2025(a)<br>| &nbsp;&nbsp; 3357121 |
| 4050947 | &nbsp;&nbsp; GS Finance Corp., MTN, (Pfizer, Inc.), <br> 12.800%, 3/30/2026(a)<br>| &nbsp;&nbsp; 3969332 |
| 4014789 | &nbsp;&nbsp; GS Finance Corp., MTN, (Chipotle Mexican Grill, <br> Inc.), 19.980%, 4/15/2026(a)<br>| &nbsp;&nbsp; 4009428 |
| 4090127 | &nbsp;&nbsp; JPMorgan Chase Bank NA, (Dominion Energy, <br> Inc.), 12.280%, 4/06/2026(a)<br>| &nbsp;&nbsp; 4233859 |
| 2569865 | &nbsp;&nbsp; JPMorgan Chase Bank NA, (T-Mobile U.S., Inc.), <br> 14.920%, 12/10/2025(a)<br>| &nbsp;&nbsp; 2550795 |
| 3877046 | &nbsp;&nbsp; JPMorgan Chase Bank NA, (Bank of America <br> Corp.), 16.220%, 4/23/2026(a)<br>| &nbsp;&nbsp; 4225840 |
| 3976892 | &nbsp;&nbsp; JPMorgan Chase Bank NA, (EQT Midstream <br> Partners LP), 17.970%, 4/28/2026(a)<br>| &nbsp;&nbsp; 4083468 |
|  | &nbsp;&nbsp; Total Equity-Linked Notes <br>(Identified Cost $116,466,948)<br>| &nbsp;&nbsp; 116848983 |
| **Collateralized Loan Obligations — 1.1%** | **Collateralized Loan Obligations — 1.1%** | **Collateralized Loan Obligations — 1.1%** |
| 6730000 | &nbsp;&nbsp; 522 Funding CLO Ltd., Series 2018-3A, Class DR, <br> 3 mo. USD SOFR + 3.362%, <br> 7.687%, 10/20/2031(a)(b)<br>| &nbsp;&nbsp; 6738258 |
| 4955000 | &nbsp;&nbsp; AGL CLO 12 Ltd., Series 2021-12A, Class D, 3 mo. <br> USD SOFR + 3.112%, 7.437%, 7/20/2034(a)(b)<br>| &nbsp;&nbsp; 4972377 |
| 2675000 | &nbsp;&nbsp; ARES Loan Funding I Ltd., Series 2021-ALFA, <br> Class D, 3 mo. USD SOFR + 3.262%, <br> 7.579%, 10/15/2034(a)(b)<br>| &nbsp;&nbsp; 2679577 |
| 3095000 | &nbsp;&nbsp; CIFC Funding Ltd., Series 2021-5A, Class D1R, <br> 3 mo. USD SOFR + 2.750%, <br> 7.068%, 1/15/2038(a)(b)<br>| &nbsp;&nbsp; 3128020 |
| 2885000 | &nbsp;&nbsp; Elmwood CLO VIII Ltd., Series 2021-1A, Class DR, <br> 3 mo. USD SOFR + 3.800%, <br> 8.126%, 4/20/2037(a)(b)<br>| &nbsp;&nbsp; 2903758 |
| 4390000 | &nbsp;&nbsp; Fort Greene Park CLO LLC, Series 2025-2A, <br> Class DR, 3 mo. USD SOFR + 2.350%, <br> 6.682%, 4/22/2034(a)(b)<br>| &nbsp;&nbsp; 4357132 |
| 2965000 | &nbsp;&nbsp; LCM 30 Ltd., Series 30A, Class DR, 3 mo. USD <br> SOFR + 3.262%, 7.587%, 4/20/2031(a)(b)<br>| &nbsp;&nbsp; 2939928 |
| 990000 | &nbsp;&nbsp; Madison Park Funding XXXI Ltd., <br> Series 2018-31A, Class D1R, 3 mo. USD SOFR + <br> 3.300%, 7.619%, 7/23/2037(a)(b)<br>| &nbsp;&nbsp; 997721 |
| 1540000 | &nbsp;&nbsp; Vibrant CLO XIV Ltd., Series 2021-14A, Class C, <br> 3 mo. USD SOFR + 4.012%, <br> 8.337%, 10/20/2034(a)(b)<br>| &nbsp;&nbsp; 1543406 |
|  | &nbsp;&nbsp; Total Collateralized Loan Obligations <br>(Identified Cost $30,225,000)<br>| &nbsp;&nbsp; 30260177 |

---

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

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Shares**<br>| **Description** | **Value (†)** |
| **Preferred Stocks — 0.6%** | **Preferred Stocks — 0.6%** | **Preferred Stocks — 0.6%** |
| **Convertible Preferred Stocks — 0.2%** | **Convertible Preferred Stocks — 0.2%** | **Convertible Preferred Stocks — 0.2%** |
|  | **Aerospace & Defense — 0.1%** | **Aerospace & Defense — 0.1%** |
| 35699 | Boeing Co., 6.000% | &nbsp;&nbsp; $2483579 |
|  | **Brokerage — 0.0%** | **Brokerage — 0.0%** |
| 10550 | Apollo Global Management, Inc., 6.750% | &nbsp;&nbsp; 741454 |
|  | **Building Materials — 0.0%** | **Building Materials — 0.0%** |
| 7150 | QXO, Inc., 5.500% | &nbsp;&nbsp; 393179 |
|  | **Electric — 0.1%** | **Electric — 0.1%** |
| 25390 | PG&E Corp., Series A, 6.000% | &nbsp;&nbsp; 999858 |
|  | &nbsp;&nbsp; Total Convertible Preferred Stocks <br>(Identified Cost $4,233,372)<br>| &nbsp;&nbsp; 4618070 |
| **Non-Convertible Preferred Stocks — 0.4%** | **Non-Convertible Preferred Stocks — 0.4%** | **Non-Convertible Preferred Stocks — 0.4%** |
|  | **Home Construction — 0.2%** | **Home Construction — 0.2%** |
| 208246 | Hovnanian Enterprises, Inc., 7.625% | &nbsp;&nbsp; 4327352 |
|  | **Office REITs — 0.0%** | **Office REITs — 0.0%** |
| 1596 | Highwoods Properties, Inc., Series A, 8.625%(m) | &nbsp;&nbsp; 1418350 |
|  | **Other REITs — 0.2%** | **Other REITs — 0.2%** |
| 115797 | Prologis, Inc., Series Q, 8.540% | &nbsp;&nbsp; 6397784 |
|  | &nbsp;&nbsp; Total Non-Convertible Preferred Stocks <br>(Identified Cost $8,314,041)<br>| &nbsp;&nbsp; 12143486 |
|  | &nbsp;&nbsp; Total Preferred Stocks <br>(Identified Cost $12,547,413)<br>| &nbsp;&nbsp; 16761556 |
| **Other Investments — 0.0%** | **Other Investments — 0.0%** | **Other Investments — 0.0%** |
|  | **Professional Services — 0.0%** | **Professional Services — 0.0%** |
| 17706962 | &nbsp;&nbsp; CFLD Cayman Trust Units(f)(m) <br>(Identified Cost $85,398)<br>| &nbsp;&nbsp; 86943 |
|  | &nbsp;&nbsp; Total Purchased Options — 0.1% <br>(Identified Cost $2,758,490) (see details below)<br>| &nbsp;&nbsp; 2681289 |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount (‡)**<br>|  |  |
| **Short-Term Investments — 3.2%** | **Short-Term Investments — 3.2%** | **Short-Term Investments — 3.2%** |
| $60877021 | &nbsp;&nbsp; Tri-Party Repurchase Agreement with Fixed <br> Income Clearing Corporation, dated 9/30/2025 at <br> 2.650% to be repurchased at $60,881,503 <br> on 10/01/2025 collateralized by $60,062,300 <br> U.S. Treasury Note, 3.625% due 5/31/2028 valued <br> at $60,769,347; $1,310,000 U.S. Treasury Note, <br> 4.000% due 2/29/2028 valued at $1,325,346 <br> including accrued interest(n)<br>| &nbsp;&nbsp; 60877021 |
| 6625000 | U.S. Treasury Bills, 3.982%, 2/05/2026(o) | &nbsp;&nbsp; 6537373 |
| 16990000 | U.S. Treasury Bills, 4.131%, 1/15/2026(o) | &nbsp;&nbsp; 16800576 |
|  | &nbsp;&nbsp; Total Short-Term Investments <br>(Identified Cost $84,192,298)<br>| &nbsp;&nbsp; 84214970 |
|  | &nbsp;&nbsp; Total Investments — 100.5% <br>(Identified Cost $2,858,040,973)<br>| &nbsp;&nbsp; 2681626115 |
|  | Other assets less liabilities — (0.5)% | &nbsp;&nbsp; (12591259)<br>|
|  | Net Assets — 100.0% | &nbsp;&nbsp; $2669034856 |

---

------

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Purchased Options — 0.1%** | **Purchased Options — 0.1%** | **Purchased Options — 0.1%** | **Purchased Options — 0.1%** | **Purchased Options — 0.1%** | **Purchased Options — 0.1%** | **Purchased Options — 0.1%** |
| **Description** | &nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| &nbsp;&nbsp;&nbsp; **Exercise** <br>**Price**<br>| **Shares** | &nbsp;&nbsp; **Notional** <br>**Amount**<br>| **Cost** | **Value (†)** |
| **Options on Futures — 0.1%** | **Options on Futures — 0.1%** | **Options on Futures — 0.1%** | **Options on Futures — 0.1%** | **Options on Futures — 0.1%** | **Options on Futures — 0.1%** | **Options on Futures — 0.1%** |
| CBOT 10 Year U.S. Treasury Notes, Call | 11/21/2025 | 113 | &nbsp;&nbsp;&nbsp; 3900000 | &nbsp;&nbsp;&nbsp; $438750000 | &nbsp;&nbsp;&nbsp; $2689401 | &nbsp;&nbsp;&nbsp; $2620332 |
| CBOT 10 Year U.S. Treasury Notes, Call | 11/21/2025 | 124 | &nbsp;&nbsp;&nbsp; 3900000 | &nbsp;&nbsp;&nbsp; 438750000 | &nbsp;&nbsp;&nbsp; 69089 | &nbsp;&nbsp;&nbsp; 60957 |
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp; $2758490 | &nbsp;&nbsp;&nbsp; $2681289 |

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Written Options — (0.1%)** | **Written Options — (0.1%)** | **Written Options — (0.1%)** | **Written Options — (0.1%)** | **Written Options — (0.1%)** | **Written Options — (0.1%)** | **Written Options — (0.1%)** |
| **Description** | &nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| &nbsp;&nbsp;&nbsp; **Exercise** <br>**Price**<br>| **Shares** | &nbsp;&nbsp; **Notional** <br>**Amount**<br>| &nbsp;&nbsp; **Premiums** <br>**(Received)**<br>| **Value (†)** |
| **Options on Futures — (0.1%)** | **Options on Futures — (0.1%)** | **Options on Futures — (0.1%)** | **Options on Futures — (0.1%)** | **Options on Futures — (0.1%)** | **Options on Futures — (0.1%)** | **Options on Futures — (0.1%)** |
| CBOT 10 Year U.S. Treasury Notes, Call | 11/21/2025 | 114 | &nbsp;&nbsp;&nbsp; (7800000)<br>| &nbsp;&nbsp;&nbsp; $(877500000)<br>| &nbsp;&nbsp;&nbsp; $(2908698)<br>| &nbsp;&nbsp;&nbsp; $(2925000)<br>|
| CBOT 5 Year U.S. Treasury Notes, Call | 10/24/2025 | 110 | &nbsp;&nbsp;&nbsp; (3050000)<br>| &nbsp;&nbsp;&nbsp; (333045705)<br>| &nbsp;&nbsp;&nbsp; (343737)<br>| &nbsp;&nbsp;&nbsp; (333609)<br>|
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp; $(3252435)<br>| &nbsp;&nbsp;&nbsp; $(3258609)<br>|

---

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

---

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

---

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

---

| | |
|:---|:---|
| (‡) | Principal Amount stated in U.S. dollars unless otherwise noted. |
| (a) | &nbsp;&nbsp;&nbsp; All or a portion of these securities are exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in <br> transactions exempt from registration, normally to qualified institutional buyers. At September 30, 2025, the value of Rule 144A holdings amounted to <br> $1,073,574,478 or 40.2% of net assets.<br>|
| (b) | &nbsp;&nbsp;&nbsp; Variable rate security. Rate as of September 30, 2025 is disclosed. Issuers comprised of various lots with differing coupon rates have been aggregated <br> for the purpose of presentation in the Portfolio of Investments and show a weighted average rate. Certain variable rate securities are not based on a <br> published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. These securities may <br> not indicate a reference rate and/or spread in their description.<br>|
| (c) | Perpetual bond with no specified maturity date. |
| (d) | Payment–in–kind security for which the issuer, at each interest payment date, may make interest payments in cash and/or additional principal. |
| (e) | The issuer is in default with respect to interest and/or principal payments. Income is not being accrued. |

---

------

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Amount shown represents units. One unit represents a principal amount of 1,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Amount shown represents units. One unit represents a principal amount of 100.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Security (or a portion thereof) has been pledged as collateral for open derivative
 contracts.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Position is unsettled. Contract rate was not determined at September 30, 2025 and
 does not take effect until settlement date. Maturity date is not finalized until settlement date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) Unfunded loan commitment. An unfunded loan commitment is a contractual obligation
 for future funding at the option of the borrower. The Fund receives a stated coupon rate until the borrower draws on the loan commitment, at
 which time the rate will become the stated rate in the loan agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Level 3 security. Value has been determined using significant unobservable inputs.

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

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

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

---

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

---

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

---

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

---

**Forward Foreign Currency Contracts**

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| At September 30, 2025, the Fund had the following open forward foreign currency contracts: | At September 30, 2025, the Fund had the following open forward foreign currency contracts: | At September 30, 2025, the Fund had the following open forward foreign currency contracts: | At September 30, 2025, the Fund had the following open forward foreign currency contracts: | At September 30, 2025, the Fund had the following open forward foreign currency contracts: | At September 30, 2025, the Fund had the following open forward foreign currency contracts: | At September 30, 2025, the Fund had the following open forward foreign currency contracts: | At September 30, 2025, the Fund had the following open forward foreign currency contracts: |
| **Counterparty** | &nbsp;&nbsp; **Delivery** <br>**Date**<br>| &nbsp;&nbsp; **Currency** <br>**Bought/** <br>**Sold (B/S)** | &nbsp;&nbsp; **Currency** <br>**Bought/** <br>**Sold (B/S)** | **Units** <br>**of** <br>**Currency**<br>| **In Exchange** <br>**for**<br>| **Notional** <br>**Value**<br>| **Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| Bank of America N.A. | 12/17/2025 | EUR | &nbsp;&nbsp; S | &nbsp;&nbsp; 8149000 | &nbsp;&nbsp; $9584446 | &nbsp;&nbsp; $9609291 | &nbsp;&nbsp; $(24845)<br>|

---

**Futures Contracts**

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

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

------

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| At September 30, 2025, the Fund had the following open long futures contracts: | At September 30, 2025, the Fund had the following open long futures contracts: | At September 30, 2025, the Fund had the following open long futures contracts: | At September 30, 2025, the Fund had the following open long futures contracts: | At September 30, 2025, the Fund had the following open long futures contracts: | At September 30, 2025, the Fund had the following open long futures contracts: |
| **Financial Futures** | &nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Contracts** | &nbsp;&nbsp; **Notional** <br>**Amount**<br>| **Value** | &nbsp;&nbsp; **Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| CBOT 5 Year U.S. Treasury Notes Futures | 12/31/2025 | 13496 | &nbsp;&nbsp;&nbsp; $1471890455 | &nbsp;&nbsp;&nbsp; $1473699944 | &nbsp;&nbsp;&nbsp; $1809489 |

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| At September 30, 2025, the Fund had the following open short futures contracts: | At September 30, 2025, the Fund had the following open short futures contracts: | At September 30, 2025, the Fund had the following open short futures contracts: | At September 30, 2025, the Fund had the following open short futures contracts: | At September 30, 2025, the Fund had the following open short futures contracts: | At September 30, 2025, the Fund had the following open short futures contracts: |
| **Financial Futures** | &nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Contracts** | &nbsp;&nbsp; **Notional** <br>**Amount**<br>| **Value** | &nbsp;&nbsp; **Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| CBOT 2 Year U.S. Treasury Notes Futures | 12/31/2025 | 803 | &nbsp;&nbsp;&nbsp; $167253691 | &nbsp;&nbsp;&nbsp; $167343945 | &nbsp;&nbsp;&nbsp; $(90254)<br>|
| CBOT U.S. Long Bond Futures | 12/19/2025 | 416 | &nbsp;&nbsp;&nbsp; 47488162 | &nbsp;&nbsp;&nbsp; 48503000 | &nbsp;&nbsp;&nbsp; (1014838)<br>|
| CBOT Ultra Long-Term U.S. Treasury Bond Futures | 12/19/2025 | 522 | &nbsp;&nbsp;&nbsp; 61069250 | &nbsp;&nbsp;&nbsp; 62672625 | &nbsp;&nbsp;&nbsp; (1603375)<br>|
| Ultra 10 Year U.S. Treasury Notes Futures | 12/19/2025 | 3463 | &nbsp;&nbsp;&nbsp; 394192861 | &nbsp;&nbsp;&nbsp; 398515547 | &nbsp;&nbsp;&nbsp; (4322686)<br>|
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp; $(7031153)<br>|

---

**Fair Value Measurements**

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

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

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** |
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Bonds and Notes(a) | $— | $2051032090 | $— | $2051032090 |
| Senior Loans(a) |  | 213139621 |  | 213139621 |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Real Estate Management & Development | 105048 | 162265 |  | 267313 |
| &nbsp;&nbsp;&nbsp; Technology Hardware, Storage & Peripherals | 4946952 | 35652 |  | 4982604 |
| &nbsp;&nbsp;&nbsp; All Other Common Stocks(a) | 161350569 |  |  | 161350569 |
| Total Common Stocks | 166402569 | 197917 |  | 166600486 |
| Equity-Linked Notes |  | 116848983 |  | 116848983 |
| Collateralized Loan Obligations |  | 30260177 |  | 30260177 |
| Preferred Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Convertible Preferred Stocks(a) | 4618070 |  |  | 4618070 |
| &nbsp;&nbsp;&nbsp; Non-Convertible Preferred Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home Construction | 4327352 |  |  | 4327352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Office REITs |  |  | 1418350 | 1418350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other REITs |  | 6397784 |  | 6397784 |
| &nbsp;&nbsp;&nbsp; Total Non-Convertible Preferred Stocks | 4327352 | 6397784 | 1418350 | 12143486 |
| Total Preferred Stocks | 8945422 | 6397784 | 1418350 | 16761556 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** |
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Other Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Professional Services | $— | $— | $86943 | $86943 |
| Short-Term Investments |  | 84214970 |  | 84214970 |
| Purchased Options(a) | 2681289 |  |  | 2681289 |
| Total Investments | 178029280 | 2502091542 | 1505293 | 2681626115 |
| Futures Contracts (unrealized appreciation) | 1809489 |  |  | 1809489 |
| Total | $179838769 | $2502091542 | $1505293 | $2683435604 |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Liability Valuation Inputs** | **Liability Valuation Inputs** | **Liability Valuation Inputs** | **Liability Valuation Inputs** | **Liability Valuation Inputs** |
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Written Options(a) | $(3258609)<br>| $— | $— | $(3258609)<br>|
| Forward Foreign Currency Contracts (unrealized depreciation) |  | (24845)<br>|  | (24845)<br>|
| Futures Contracts (unrealized depreciation) | (7031153)<br>|  |  | (7031153)<br>|
| Total | $(10289762)<br>| $(24845)<br>| $— | $(10314607)<br>|

---

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

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

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

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** |
| Investments in Securities | Balance as of <br>December 31, <br>2024<br>| Accrued <br>Discounts <br>(Premiums)<br>| Realized <br>Gain (Loss)<br>| Change in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Purchases | Sales | Transfers <br>into <br>Level 3<br>| Transfers <br>out of <br>Level 3<br>| Balance as of <br>September 30, <br>2025<br>| Change in <br>Unrealized <br>Appreciation <br>(Depreciation) <br>from <br>Investments <br>Still Held at <br>September 30, <br>2025<br>|
| Preferred Stocks |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Non-Convertible Preferred Stocks |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Office REITs | $1625746 | $— | $— | $(207396)<br>| $— | $— | $— | $— | $1418350 | $(207396)<br>|
| Other Investments |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Professional Services |  |  |  | 1545 | 85398 |  |  |  | 86943 | 1545 |
| Total | $1625746 | $— | $— | $(205851)<br>| $85398 | $— | $— | $— | $1505293 | $(205851)<br>|

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** LOOMIS SAYLES FUNDS II

- **b. Investment Company Act file number:** 811-06241

- **c. CIK number of Registrant:** 0000872649

- **d. LEI of Registrant:** 5493007QOEDY6IHOTU14

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

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

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

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

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

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

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

- **b. EDGAR series identifier (if any):** S000006706

- **c. LEI of Series:** KYFRBC8QABICX3ZM7C76

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2706030415.70

**Total Liabilities:** $38199467.50

**Net Assets:** $2667830948.20

**Cash Not Reported:** $16370938.52

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1018.80000000 | **1-Year:** -30076.25000000 | **5-Year:** -175107.76000000 | **10-Year:** -234124.53000000 | **30-Year:** -66244.38000000

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

- **3-Month:** -2466.45000000 | **1-Year:** -62314.27000000 | **5-Year:** -213344.61000000 | **10-Year:** -81679.91000000 | **30-Year:** -12718.83000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000125487 | 0.03%                | 2.29%                | 0.71%                |
| Class ID C000082999 | -0.01%               | 2.17%                | 0.75%                |
| Class ID C000018254 | 0.03%                | 2.20%                | 0.71%                |
| Class ID C000018253 | -0.05%               | 2.16%                | 0.61%                |
| Class ID C000018251 | 0.01%                | 2.18%                | 0.69%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-588326.46              | $-1670581.95                               |
| Month 2  | $-2630682.00             | $33284334.47                               |
| Month 3  | $-24305763.06            | $40477197.81                               |

**Designated Index Information**

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

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                             | Title                                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| DAVITA INC                                       | DaVita Inc 2025 Term Loan B                                                     | CUSIP: 23918VBC7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | LON              | CORP              | US        |   1169118 | PA      | $1170695.93   | 0.04%             | 2031-05-09      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                        | Ball Corp                                                                       | CUSIP: 058498BA3<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |  20585000 | PA      | $20806266.52  | 0.78%             | 2033-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                    | Boeing Co/The                                                                   | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   9835000 | PA      | $11218814.99  | 0.42%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable LLC                            | Time Warner Cable LLC                                                           | CUSIP: 88732JAJ7<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |    720000 | PA      | $748988.44    | 0.03%             | 2037-05-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                              | LCM 30 Ltd                                                                      | CUSIP: 50200YAW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2965000 | PA      | $2939927.96   | 0.11%             | 2031-04-20      | Floating      | 7.59%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                             | Republic of Uzbekistan International Bond                                       | CUSIP: 91824PAA5<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |  10895000 | PA      | $11712560.80  | 0.44%             | 2032-02-28      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK NA                          | JPMorgan Chase Bank NA                                                          | CUSIP: 4662AA612<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | SN               | CORP              | US        |    110103 | PA      | $4269510.27   | 0.16%             | 2026-04-23      | Fixed         | 16.22%                | No            |                  2 | On Loan: No      |
| GS FINANCE CORP                                  | GS Finance Corp                                                                 | CUSIP: 36263Y382<br>LEI: 549300FR80KBVO6DRL61 | Long             | SN               | CORP              | US        |    102479 | PA      | $4009427.65   | 0.15%             | 2026-04-15      | Fixed         | 19.98%                | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                          | Energean Israel Finance Ltd                                                     | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |   8120000 | PA      | $7770309.36   | 0.29%             | 2031-03-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CFLD CAYMAN INVESTMENT                           | CFLD Cayman Investment Ltd                                                      | CUSIP: 000000000<br>LEI: 3003006ZC30FH27GHL08 | Long             | DBT              | CORP              | KY        |    948132 | PA      | $23437.82     | 0.00%             | 2031-01-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DILLARDS INC                                     | Dillard's Inc                                                                   | CUSIP: 254063AU4<br>LEI: 529900FGYKMWL6019P91 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1533135.00   | 0.06%             | 2026-07-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Focus Brands Funding LLC                         | FOCUS Brands Funding                                                            | CUSIP: 34417RAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1473750 | PA      | $1565898.58   | 0.06%             | 2053-10-30      | Fixed         | 8.24%                 | No            |                  2 | On Loan: No      |
| Volofin Finance Designated Activity Company      | Volofin Finance Designated Activity Co                                          | CUSIP: 92873RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1135924 | PA      | $1158029.33   | 0.04%             | 2037-06-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Salesforce Inc                                   | Salesforce Inc                                                                  | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     23956 | NS      | $5677572.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Flutter Financing BV                             | Flutter Financing BV 2024 Term Loan B                                           | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |   3098463 | PA      | $3085295.01   | 0.12%             | 2030-11-30      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| United Parcel Service Inc                        | United Parcel Service Inc                                                       | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     40234 | NS      | $3360746.02   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |   2534479 | PA      | $47521.48     | 0.00%             | 2030-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust            | Westlake Automobile Receivables Trust 2023-1                                    | CUSIP: 96042XAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1540000 | PA      | $1581338.99   | 0.06%             | 2028-11-15      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                         | Discovery Communications LLC                                                    | CUSIP: 25470DCC1<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |   9580000 | PA      | $8850057.74   | 0.33%             | 2030-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| RUBRIK INC                                       | Rubrik Inc                                                                      | CUSIP: 781154AC3<br>LEI: 254900TRGK2WTBYMYU27 | Long             | DBT              | CORP              | US        |   1309000 | PA      | $1324053.50   | 0.05%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MSCI INC                                         | MSCI Inc                                                                        | CUSIP: 55354GAR1<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |   3430000 | PA      | $3458396.83   | 0.13%             | 2035-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SCF Equipment Trust Llc                          | SCF Equipment Leasing 2024-1 LLC                                                | CUSIP: 783896AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    440000 | PA      | $453764.52    | 0.02%             | 2032-09-20      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                          | BNP Paribas Issuance BV                                                         | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | SN               | CORP              | NL        |     26777 | PA      | $4084084.27   | 0.15%             | 2026-02-03      | Fixed         | 15.07%                | No            |                  2 | On Loan: No      |
| China Evergrande Group                           | China Evergrande Group                                                          | CUSIP: 000000000<br>LEI: 549300CUF7B1LAB15T90 | Long             | DBT              | CORP              | KY        |    335000 | PA      | $4606.25      | 0.00%             | 2024-03-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust              | Citigroup Commercial Mortgage Trust 2012-GC8                                    | CUSIP: 17318UAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8597541 | PA      | $8441925.54   | 0.32%             | 2045-09-10      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                              | Turkiye Government International Bond                                           | CUSIP: 900123DR8<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   8665000 | PA      | $8718029.80   | 0.33%             | 2035-09-16      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                         | 1011778 BC ULC / New Red Finance Inc                                            | CUSIP: 68245XAT6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   8105000 | PA      | $8202462.63   | 0.31%             | 2029-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| China Evergrande Group                           | China Evergrande Group                                                          | CUSIP: 000000000<br>LEI: 549300CUF7B1LAB15T90 | Long             | DBT              | CORP              | KY        |   4045000 | PA      | $55618.75     | 0.00%             | 2025-06-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                           | Northern Oil & Gas Inc                                                          | CUSIP: 665531AJ8<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    641000 | PA      | $641961.50    | 0.02%             | 2029-04-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds             | Chile Government International Bonds                                            | CUSIP: 168863DQ8<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   8175000 | PA      | $5050923.75   | 0.19%             | 2061-01-22      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                          | BNP Paribas Issuance BV                                                         | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | SN               | CORP              | NL        |     16080 | PA      | $3938728.32   | 0.15%             | 2026-02-20      | Fixed         | 12.92%                | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |   3041376 | PA      | $41818.92     | 0.00%             | 2030-12-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| QXO INC                                          | QXO Inc                                                                         | CUSIP: 82846H504<br>LEI: 549300HDXQWWCBOYXP31 | Long             | EP               | CORP              | US        |      7150 | NS      | $393178.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS GROUP AG                                     | UBS Group AG                                                                    | CUSIP: 225401AZ1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   5370000 | PA      | $5922304.50   | 0.22%             | 2033-08-12      | Fixed         | 6.54%                 | No            |                  2 | On Loan: No      |
| Six Flags Entertainment Corporation              | Six Flags Entertainment Corporation 2024 Term Loan B                            | CUSIP: 15018LAN1<br>LEI: 529900AS2CYWYFHRS781 | Long             | LON              | CORP              | US        |   1481250 | PA      | $1470510.94   | 0.06%             | 2031-05-01      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                         | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MBM6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |  15030000 | PA      | $14960975.78  | 0.56%             | 2034-09-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                            | Uber Technologies Inc                                                           | CUSIP: 90353TAU4<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1684577.94   | 0.06%             | 2035-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp                               | Union Pacific Corp                                                              | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     15549 | NS      | $3675317.13   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| POST HOLDINGS INC                                | Post Holdings Inc                                                               | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   7340000 | PA      | $6857389.35   | 0.26%             | 2031-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                | Johnson & Johnson                                                               | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      8301 | NS      | $1539171.42   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRUST                 | WFRBS Commercial Mortgage Trust 2014-C20                                        | CUSIP: 92890FAY2<br>LEI: 549300UVB571ELWL8972 | Long             | ABS-MBS          | CORP              | US        |    602138 | PA      | $539671.76    | 0.02%             | 2047-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TURKIYE GOVERNMENT BOND                          | Turkiye Government Bond                                                         | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        | 529020000 | PA      | $12590352.94  | 0.47%             | 2026-08-12      | Fixed         | 36.00%                | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                                    | AppLovin Corp                                                                   | CUSIP: 03831WAC2<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |   1530000 | PA      | $1582747.78   | 0.06%             | 2031-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                | PRPM 2025-2 LLC                                                                 | CUSIP: 69382HAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3825000 | PA      | $3841206.53   | 0.14%             | 2030-05-25      | Variable      | 9.56%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                          | BNP Paribas Issuance BV                                                         | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | SN               | CORP              | NL        |     11759 | PA      | $4005899.75   | 0.15%             | 2026-04-01      | Fixed         | 12.01%                | No            |                  2 | On Loan: No      |
| AGILE GROUP HOLDINGS LTD                         | Agile Group Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 549300ZRISRT38EEYY07 | Long             | DBT              | CORP              | KY        |   1225000 | PA      | $70266.00     | 0.00%             | 2025-01-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                           | UnitedHealth Group Inc                                                          | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     10080 | NS      | $3480624.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIMAO GROUP HOLDINGS LT                         | Shimao Group Holdings Ltd                                                       | CUSIP: 000000000<br>LEI: 254900WTJ6B5CU69ZD26 | Long             | DBT              | CORP              | KY        |   8042211 | PA      | $448272.84    | 0.02%             | 2026-07-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                         | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1220000 | PA      | $1278107.94   | 0.05%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                            | Molina Healthcare Inc                                                           | CUSIP: 60855RAL4<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |   4280000 | PA      | $3883787.56   | 0.15%             | 2032-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CLSEC Holdings 22T LLC                           | Clsec Holdings 22t LLC                                                          | CUSIP: 12567UAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8152699 | PA      | $7820387.08   | 0.29%             | 2037-05-11      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| SBA Senior Finance II LLC                        | SBA Senior Finance II LLC 2024 Term Loan B                                      | CUSIP: 78404XAJ4<br>LEI: 549300PVT2ADFWMYEW87 | Long             | LON              | CORP              | US        |   2939656 | PA      | $2948328.22   | 0.11%             | 2031-01-25      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| KYRGYZ REP INTL BOND                             | Kyrgyz Republic International Bond                                              | CUSIP: 50158LAA6<br>LEI: N/A                  | Long             | DBT              | NUSS              | KG        |   6925000 | PA      | $6977837.75   | 0.26%             | 2030-06-03      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                         | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12245000 | PA      | $7747037.29   | 0.29%             | 2062-06-30      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                            | Mexico Government International Bond                                            | CUSIP: 91087BBK5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |  17545000 | PA      | $17492365.00  | 0.66%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                     | AGL CLO 12 Ltd                                                                  | CUSIP: 00120BAJ9<br>LEI: 54930005OE1IFBESDA27 | Long             | ABS-CBDO         | CORP              | KY        |   4955000 | PA      | $4972377.19   | 0.19%             | 2034-07-20      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC         | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RKH6<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    710000 | PA      | $721040.64    | 0.03%             | 2028-02-20      | Fixed         | 7.32%                 | No            |                  2 | On Loan: No      |
| GUIDEWIRE SOFTWARE INC                           | Guidewire Software Inc                                                          | CUSIP: 40171VAB6<br>LEI: 549300WXSG0J8IXZCK32 | Long             | DBT              | CORP              | US        |   1032000 | PA      | $1200239.76   | 0.04%             | 2029-11-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| FIRST ADVANTAGE HOLDINGS LLC                     | First Advantage Holdings LLC 2025 Repriced Term Loan B                          | CUSIP: 78477MAH4<br>LEI: 549300MRQE5MQEH3BI02 | Long             | LON              | CORP              | US        |  18253801 | PA      | $17768980.45  | 0.67%             | 2031-10-31      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Amphenol Corp                                    | Amphenol Corp                                                                   | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     13590 | NS      | $1681762.50   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortiva Retail Credit Master Note Business Trust | Fortiva Retail Credit Master Note Business Trust                                | CUSIP: 34962AAW2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6145000 | PA      | $6241599.40   | 0.23%             | 2029-11-15      | Fixed         | 9.70%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                     | Broadcom Inc                                                                    | CUSIP: 11135FBP5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   6895000 | PA      | $5965317.09   | 0.22%             | 2035-11-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                              | Axon Enterprise Inc                                                             | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1163104.48   | 0.04%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SCF Equipment Trust Llc                          | SCF Equipment Leasing 2024-1 LLC                                                | CUSIP: 783896AF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    435000 | PA      | $455729.93    | 0.02%             | 2033-06-21      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |   1520688 | PA      | $32314.62     | 0.00%             | 2028-12-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WIX LTD                                          | Wix.com Ltd                                                                     | CUSIP: 92940WAE9<br>LEI: 5493008P6N29Q1AG9464 | Long             | DBT              | CORP              | IL        |    534000 | PA      | $583128.00    | 0.02%             | 2030-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATL RESOURCES                          | Canadian Natural Resources Ltd                                                  | CUSIP: 136385BC4<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |   6510000 | PA      | $6630111.39   | 0.25%             | 2034-12-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                         | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                             | CUSIP: 77313LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9630000 | PA      | $8794920.11   | 0.33%             | 2033-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC                              | Reach ABS Trust 2025-1                                                          | CUSIP: 75525PAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    695000 | PA      | $708234.89    | 0.03%             | 2032-08-16      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| DILLARDS INC                                     | Dillard's Inc                                                                   | CUSIP: 254067AN1<br>LEI: 529900FGYKMWL6019P91 | Long             | DBT              | CORP              | US        |   3325000 | PA      | $3527492.50   | 0.13%             | 2028-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                             | Republic of Uzbekistan International Bond                                       | CUSIP: 91822Q2J5<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |   7475000 | PA      | $8043249.50   | 0.30%             | 2032-05-25      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                     | GS Mortgage Securities Corp Trust 2013-PEMB                                     | CUSIP: 36197VAE8<br>LEI: 549300E4QCAQ0FY44H36 | Long             | ABS-MBS          | CORP              | US        |   7680000 | PA      | $2515200.00   | 0.09%             | 2033-03-05      | Variable      | 3.67%                 | No            |                  2 | On Loan: No      |
| HIN Timeshare Trust 2020-A                       | HIN Timeshare Trust 2020-A                                                      | CUSIP: 40439HAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     26682 | PA      | $26142.47     | 0.00%             | 2039-10-09      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| VIVINT SOLAR FINANCING LLC                       | Vivint Solar Financing V LLC                                                    | CUSIP: 92854VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1691998 | PA      | $1616970.27   | 0.06%             | 2048-04-30      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| iHeartMedia Inc                                  | iHeartMedia Inc                                                                 | CUSIP: 45174J509<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    461939 | NS      | $1325764.93   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Suisse Mortgage Trust                     | CSMC 2021-RPL6 Trust                                                            | CUSIP: 12657GAE5<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |   2510000 | PA      | $1984099.28   | 0.07%             | 2060-10-25      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                     | GS Mortgage Securities Trust 2014-GC22                                          | CUSIP: 36253BAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5785000 | PA      | $1093462.19   | 0.04%             | 2047-06-10      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK NA                          | JPMorgan Chase Bank NA                                                          | CUSIP: 466303773<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | SN               | CORP              | US        |     79413 | PA      | $4095378.84   | 0.15%             | 2026-04-28      | Fixed         | 17.97%                | No            |                  2 | On Loan: No      |
| SHIMAO GROUP HOLDINGS LT                         | Shimao Group Holdings Ltd                                                       | CUSIP: 000000000<br>LEI: 254900WTJ6B5CU69ZD26 | Long             | DBT              | CORP              | KY        |     73600 | PA      | $3083.10      | 0.00%             | 2031-07-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                             | Republic of Uzbekistan International Bond                                       | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |   2580000 | PA      | $3146077.33   | 0.12%             | 2029-02-25      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc                                       | AbbVie Inc                                                                      | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     17464 | NS      | $4043614.56   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Master Issuer LLC                 | Planet Fitness Master Issuer LLC                                                | CUSIP: 72703PAC7<br>LEI: 549300NX9W3U2DO53T22 | Long             | ABS-O            | CORP              | US        |    739862 | PA      | $709418.64    | 0.03%             | 2049-12-05      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| SANCHEZ ENERGY CORP                              | SANCHEZ ENERGY CORP                                                             | CUSIP: 799ESCAH1<br>LEI: 549300SB0HTIM17TVR61 | Long             | DBT              | CORP              | US        |   9520000 | PA      | $952.00       | 0.00%             | 2021-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                           | Northern Oil & Gas Inc                                                          | CUSIP: 665531AG4<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |   1370000 | PA      | $1389343.03   | 0.05%             | 2028-03-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                | PRPM 2025-2 LLC                                                                 | CUSIP: 69382HAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    335452 | PA      | $336669.63    | 0.01%             | 2030-05-25      | Variable      | 6.47%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                             | Republic of Uzbekistan International Bond                                       | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |   4575000 | PA      | $5540316.02   | 0.21%             | 2027-05-29      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                  | Fair Isaac Corp                                                                 | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   5995000 | PA      | $6069596.80   | 0.23%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                           | First Brands Group LLC 2021 Term Loan                                           | CUSIP: 31935HAD9<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |   2535000 | PA      | $891787.65    | 0.03%             | 2027-03-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                            | Quikrete Holdings Inc                                                           | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |  13230000 | PA      | $13704216.12  | 0.51%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Planet Fitness Master Issuer LLC                 | Planet Fitness Master Issuer LLC                                                | CUSIP: 72703PAF0<br>LEI: 549300NX9W3U2DO53T22 | Long             | ABS-O            | CORP              | US        |   1950300 | PA      | $1988742.56   | 0.07%             | 2054-06-05      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP                         | Host Hotels & Resorts LP                                                        | CUSIP: 44107TBC9<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              |  | US        |   7250000 | PA      | $7297829.63   | 0.27%             | 2035-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                            | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   4100000 | PA      | $4627703.95   | 0.17%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Battalion Oil Corp                               | Battalion Oil Corp                                                              | CUSIP: 07134L107<br>LEI: 3XHTN2NNIMMPORDAMJ28 | Long             | EC               | CORP              | US        |      9229 | NS      | $11167.09     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LOGAN GROUP CO LTD                               | Logan Group Co Ltd                                                              | CUSIP: 000000000<br>LEI: 549300NJ0E6Q0S1VOG90 | Long             | DBT              | CORP              | KY        |   3345000 | PA      | $279374.40    | 0.01%             | 2025-07-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Business Jet Securities, LLC                     | Business Jet Securities 2024-2 LLC                                              | CUSIP: 12326TAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1674028 | PA      | $1682673.04   | 0.06%             | 2039-09-15      | Fixed         | 7.97%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                          | Energean Israel Finance Ltd                                                     | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |   6945000 | PA      | $6822420.75   | 0.26%             | 2028-03-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Costco Wholesale Corp                            | Costco Wholesale Corp                                                           | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      3605 | NS      | $3336896.15   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NexPoint Diversified Real Estate Trust           | NexPoint Diversified Real Estate Trust                                          | CUSIP: 65340G205<br>LEI: 5493008KGR2NU3OXMR64 | Long             | EC               |  | US        |      3292 | NS      | $12147.48     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |   4781437 | PA      | $89651.94     | 0.00%             | 2032-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wave USA                                         | WAVE 2019-1 LLC                                                                 | CUSIP: 94354KAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9295248 | PA      | $7803500.02   | 0.29%             | 2044-09-15      | Fixed         | 6.41%                 | No            |                  2 | On Loan: No      |
| SUNAC CHINA HOLDINGS LTD                         | Sunac China Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | DBT              | CORP              | KY        |   3169406 | PA      | $467487.39    | 0.02%             | 2027-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Australia Government Bonds                       | Australia Government Bonds                                                      | CUSIP: 000000000<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |  30935000 | PA      | $17269252.16  | 0.65%             | 2031-11-21      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| KWG GROUP HOLDINGS                               | KWG Group Holdings Ltd                                                          | CUSIP: 000000000<br>LEI: 549300LK82ZOM9ZE7H90 | Long             | DBT              | CORP              | KY        |   1380000 | PA      | $85642.80     | 0.00%             | 2026-08-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                     | CSMC 2014-USA OA LLC                                                            | CUSIP: 12649AAJ8<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |   2925000 | PA      | $2514768.75   | 0.09%             | 2037-09-15      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                             | CUSIP: 91282CKT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5425000 | PA      | $5577154.32   | 0.21%             | 2029-05-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |   4274541 | PA      | $48088.59     | 0.00%             | 2032-12-28      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                    | EchoStar Corp                                                                   | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |  25930000 | PA      | $28527408.10  | 1.07%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| EURONET WORLDWIDE INC                            | Euronet Worldwide Inc                                                           | CUSIP: 298736AM1<br>LEI: YG3575C4DSHJPA5KET68 | Long             | DBT              | CORP              | US        |    652000 | PA      | $621030.00    | 0.02%             | 2030-10-01      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| BioMarin Pharmaceutical Inc                      | BioMarin Pharmaceutical Inc                                                     | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |    110189 | NS      | $5967836.24   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD                         | Macquarie Airfinance Holdings Ltd                                               | CUSIP: 55609NAE8<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |   1110000 | PA      | $1125517.38   | 0.04%             | 2030-03-17      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                          | Romanian Government International Bond                                          | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   5540000 | PA      | $6630748.15   | 0.25%             | 2039-07-11      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Williams Cos Inc/The                             | Williams Cos Inc/The                                                            | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     67218 | NS      | $4258260.30   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| REMIC FUNDING TRUST 98-1                         | Redwood Funding Trust 2025-1                                                    | CUSIP: 757912AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3844451 | PA      | $3846373.00   | 0.14%             | 2055-05-27      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bonds              | Oman Government International Bonds                                             | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    980000 | PA      | $1003721.32   | 0.04%             | 2028-01-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                    | ZF North America Capital Inc                                                    | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   3165000 | PA      | $3030192.52   | 0.11%             | 2032-04-23      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust    | JP Morgan Chase Commercial Mortgage Securities Trust 2025-BMS                   | CUSIP: 46596CAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1795000 | PA      | $1784996.47   | 0.07%             | 2042-01-15      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| Home Partners of America Trust                   | Home Partners of America 2021-2 Trust                                           | CUSIP: 43732VAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8290042 | PA      | $8034982.54   | 0.30%             | 2026-12-17      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                    | Aircastle Ltd                                                                   | CUSIP: 00928QAY7<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |   2570000 | PA      | $2680265.59   | 0.10%             | 2029-02-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD GRP/CO                         | JBS USA Holding Lux Sarl / JBS USA Foods Group Holdings Inc / JBS USA Food Co   | CUSIP: 472140AE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5520000 | PA      | $5637079.20   | 0.21%             | 2036-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Philippines Government International Bonds       | Philippines Government International Bonds                                      | CUSIP: 718286CH8<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |  11330000 | PA      | $8109334.20   | 0.30%             | 2045-05-05      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                              | Synchrony Financial                                                             | CUSIP: 87165BAV5<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   3980000 | PA      | $4125398.20   | 0.15%             | 2030-08-02      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                         | AT&T Inc                                                                        | CUSIP: 00206RMY5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   7065000 | PA      | $7276443.58   | 0.27%             | 2035-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                         | iHeartCommunications Inc                                                        | CUSIP: 45174HBM8<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |   4694750 | PA      | $3899787.98   | 0.15%             | 2030-08-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Citadel Securities LP                            | Citadel Securities LP 2024 First Lien Term Loan                                 | CUSIP: 17288YAN2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |   1263634 | PA      | $1265693.81   | 0.05%             | 2031-10-31      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                                     | Comcast Corp                                                                    | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    139210 | NS      | $4373978.20   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| LEIDOS INC                                       | Leidos Inc                                                                      | CUSIP: 52532XAK1<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3272481.80   | 0.12%             | 2032-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ADD HERO HOLDINGS                                | Add Hero Holdings Ltd                                                           | CUSIP: 000000000<br>LEI: 254900WMSDP48LFA7478 | Long             | DBT              | CORP              | VG        |    638303 | PA      | $13563.94     | 0.00%             | 2030-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CHINA AOYUAN GROUP LTD                           | China Aoyuan Group Ltd                                                          | CUSIP: 000000000<br>LEI: 549300YSOKQO5QD6MP25 | Long             | DBT              | CORP              | KY        |    459809 | PA      | $5398.15      | 0.00%             | 2031-09-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                    | Carnival Corp                                                                   | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   6065000 | PA      | $6155526.07   | 0.23%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LEIDOS INC                                       | Leidos Inc                                                                      | CUSIP: 52532XAL9<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |   6380000 | PA      | $6610482.16   | 0.25%             | 2035-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                          | BNP Paribas Issuance BV                                                         | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | SN               | CORP              | NL        |      9151 | PA      | $4204530.11   | 0.16%             | 2026-05-26      | Fixed         | 17.83%                | No            |                  2 | On Loan: No      |
| LYFT INC                                         | Lyft Inc                                                                        | CUSIP: 55087PAE4<br>LEI: 549300H7I5VN334XVZ52 | Long             | DBT              | CORP              | US        |    353000 | PA      | $425894.50    | 0.02%             | 2030-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                  | Cemex SAB de CV                                                                 | CUSIP: 151290BZ5<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |   9770000 | PA      | $9272208.73   | 0.35%             | 2031-07-11      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TYLER TECHNOLOGIES INC                           | Tyler Technologies Inc                                                          | CUSIP: 902252AB1<br>LEI: 25490040SMU4Z8LBCW70 | Long             | DBT              | CORP              | US        |    687000 | PA      | $753982.50    | 0.03%             | 2026-03-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Moody's Corp                                     | Moody's Corp                                                                    | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      2862 | NS      | $1363685.76   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| UZBEKISTAN INTL BOND                             | Republic of Uzbekistan International Bond                                       | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |   4915000 | PA      | $5993399.25   | 0.22%             | 2029-02-25      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| YUZHOU GROUP                                     | Yuzhou Group Holdings Co Ltd                                                    | CUSIP: 000000000<br>LEI: 213800MP59KHGJSPHE82 | Long             | DBT              | CORP              | KY        |   4938207 | PA      | $139158.67    | 0.01%             | 2029-06-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                 | CSC Holdings LLC                                                                | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1360000 | PA      | $517860.94    | 0.02%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD                         | Macquarie Airfinance Holdings Ltd                                               | CUSIP: 55609NAD0<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |    860000 | PA      | $921235.64    | 0.03%             | 2031-03-26      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                             | Glencore Funding LLC                                                            | CUSIP: 378272BL1<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |  17930000 | PA      | $18935873.00  | 0.71%             | 2033-05-08      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                          | Jefferies Financial Group Inc                                                   | CUSIP: 472319AC6<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |   3893000 | PA      | $4150884.70   | 0.16%             | 2036-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                          | Sensata Technologies BV                                                         | CUSIP: 81725WAL7<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |    655000 | PA      | $659058.38    | 0.02%             | 2030-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                | Barclays Bank PLC                                                               | CUSIP: 06748N848<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |     11493 | PA      | $4056353.49   | 0.15%             | 2026-06-09      | Fixed         | 17.11%                | No            |                  2 | On Loan: No      |
| ZHENRO PROPERTIES GROUP                          | Zhenro Properties Group Ltd                                                     | CUSIP: 000000000<br>LEI: 549300I66TVJEL841P38 | Long             | DBT              | CORP              | KY        |    365000 | PA      | $912.50       | 0.00%             | 2026-08-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ANTARES HOLDINGS                                 | Antares Holdings LP                                                             | CUSIP: 03666HAE1<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |    585000 | PA      | $568820.33    | 0.02%             | 2027-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| China Evergrande Group                           | China Evergrande Group                                                          | CUSIP: 000000000<br>LEI: 549300CUF7B1LAB15T90 | Long             | DBT              | CORP              | KY        |   1405000 | PA      | $19318.75     | 0.00%             | 2022-04-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                            | Directv Financing LLC / Directv Financing Co-Obligor Inc                        | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8670000 | PA      | $8657272.44   | 0.32%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| LOGAN GROUP CO LTD                               | Logan Group Co Ltd                                                              | CUSIP: 000000000<br>LEI: 549300NJ0E6Q0S1VOG90 | Long             | DBT              | CORP              | KY        |   1320000 | PA      | $111276.00    | 0.00%             | 2026-12-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Corteva Inc                                      | Corteva Inc                                                                     | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     37695 | NS      | $2549312.85   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                                    | CME Group Inc                                                                   | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     12564 | NS      | $3394667.16   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Tobacco Settlement Financing Corp/VA             | TOBACCO SETTLEMENT FING CORP VA                                                 | CUSIP: 88880NAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  28335000 | PA      | $21340335.24  | 0.80%             | 2046-06-01      | Fixed         | 6.71%                 | No            |                  2 | On Loan: No      |
| Trafigura Securitisation Finance Plc             | Trafigura Securitisation Finance PLC                                            | CUSIP: 892725AZ5<br>LEI: 549300CH6S10UEZXWN56 | Long             | ABS-O            | CORP              | IE        |   2605000 | PA      | $2615255.89   | 0.10%             | 2027-11-15      | Fixed         | 7.29%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US LONG BOND(CBT) DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -416 | NC      | $-1014837.82  | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| CoreVest American Finance Ltd                    | Corevest American Finance 2021-1 Trust                                          | CUSIP: 21873LAL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5350000 | PA      | $4774721.99   | 0.18%             | 2053-04-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc                                     | Alphabet Inc                                                                    | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     18651 | NS      | $4534058.10   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| HUB INTERNATIONAL LIMITED                        | HUB International Limited 2025 Term Loan B                                      | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |   3647234 | PA      | $3651683.58   | 0.14%             | 2030-06-20      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                    | TRANSDIGM INC 2025 TERM LOAN K                                                  | CUSIP: 89364MCF9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   1021794 | PA      | $1020567.92   | 0.04%             | 2030-03-22      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| ITRON INC                                        | Itron Inc                                                                       | CUSIP: 465741AQ9<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | DBT              | CORP              | US        |    878000 | PA      | $1006188.00   | 0.04%             | 2030-07-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust                               | Aqua Finance Trust 2024-A                                                       | CUSIP: 03837DAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1160000 | PA      | $1185546.68   | 0.04%             | 2050-04-18      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                          | BNP Paribas Issuance BV                                                         | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | SN               | CORP              | NL        |     10409 | PA      | $3690079.38   | 0.14%             | 2026-03-19      | Fixed         | 12.41%                | No            |                  2 | On Loan: No      |
| D.R. HORTON INC                                  | DR Horton Inc                                                                   | CUSIP: 23331ABU2<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | DBT              | CORP              | US        |   2065000 | PA      | $2140988.78   | 0.08%             | 2035-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Uniti Fiber ABS Issuer LLC                       | Uniti Fiber Abs Issuer Llc                                                      | CUSIP: 91326EAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    610000 | PA      | $621227.66    | 0.02%             | 2055-04-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CLI Funding LLC                                  | CLI Funding VIII LLC                                                            | CUSIP: 12572DAA2<br>LEI: 254900Z4P82YK31RVL27 | Long             | ABS-O            | CORP              | US        |   2437290 | PA      | $2416237.07   | 0.09%             | 2050-06-21      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| ASML Holding NV                                  | ASML Holding NV                                                                 | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      1739 | NS      | $1683508.51   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PILGRIM'S PRIDE CORP                             | Pilgrim's Pride Corp                                                            | CUSIP: 72147KAH1<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |   7565000 | PA      | $6924534.24   | 0.26%             | 2032-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DOORDASH INC                                     | DoorDash Inc                                                                    | CUSIP: 25809KAA3<br>LEI: 549300NUQ43FGGSK5051 | Long             | DBT              | CORP              | US        |    889000 | PA      | $1010348.50   | 0.04%             | 2030-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                               | Bausch + Lomb Corp                                                              | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |   1675000 | PA      | $1745664.06   | 0.07%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ZHENRO PROPERTIES GROUP                          | Zhenro Properties Group Ltd                                                     | CUSIP: 000000000<br>LEI: 549300I66TVJEL841P38 | Long             | DBT              | CORP              | KY        |    715000 | PA      | $893.75       | 0.00%             | 2025-02-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                        | Morgan Stanley Bank of America Merrill Lynch Trust 2013-C11                     | CUSIP: 61762TAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1135000 | PA      | $683837.50    | 0.03%             | 2046-08-15      | Variable      | 4.21%                 | No            |                  2 | On Loan: No      |
| Elevance Health Inc                              | Elevance Health Inc                                                             | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |     11080 | NS      | $3580169.60   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                         | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAX3<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   4030000 | PA      | $3711200.72   | 0.14%             | 2032-01-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Philippines Government International Bonds       | Philippines Government International Bonds                                      | CUSIP: 718286DH7<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |   6240000 | PA      | $6646732.25   | 0.25%             | 2050-02-04      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Bausch & Lomb Corporation                        | Bausch & Lomb Corporation 2025 Term Loan B                                      | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |  13521722 | PA      | $13510498.62  | 0.51%             | 2031-01-15      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                              | Travel + Leisure Co                                                             | CUSIP: 894164AA0<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |  12700000 | PA      | $12269688.44  | 0.46%             | 2029-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OP                              | Invitation Homes Operating Partnership LP                                       | CUSIP: 46188BAG7<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              |  | US        |   1740000 | PA      | $1718257.19   | 0.06%             | 2035-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Procter & Gamble Co/The                          | Procter & Gamble Co/The                                                         | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     25936 | NS      | $3985066.40   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNAC CHINA HOLDINGS LTD                         | Sunac China Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | DBT              | CORP              | KY        |   1580867 | PA      | $237130.05    | 0.01%             | 2026-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |   1013791 | PA      | $22810.30     | 0.00%             | 2026-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                             | Republic of Uzbekistan International Bond                                       | CUSIP: 91822QVX2<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |   2210000 | PA      | $2376166.61   | 0.09%             | 2028-10-12      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| EVERGY INC                                       | Evergy Inc                                                                      | CUSIP: 30034WAD8<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |    524000 | PA      | $658406.00    | 0.02%             | 2027-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                              | CDW LLC / CDW Finance Corp                                                      | CUSIP: 12513GBL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10845000 | PA      | $11119983.22  | 0.42%             | 2034-08-22      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO VIII Ltd                             | Elmwood CLO VIII Ltd                                                            | CUSIP: 29003EAY1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2885000 | PA      | $2903758.27   | 0.11%             | 2037-04-20      | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| Global SC Finance SRL                            | Global SC Finance X Ltd                                                         | CUSIP: 37893FAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2535000 | PA      | $2533798.41   | 0.09%             | 2045-09-22      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp                             | Lockheed Martin Corp                                                            | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      4732 | NS      | $2362261.72   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTRAL CHN REAL ESTATE                          | Central China Real Estate Ltd                                                   | CUSIP: 000000000<br>LEI: 549300JDML9PYG0CIJ22 | Long             | DBT              | CORP              | KY        |   4415000 | PA      | $133995.25    | 0.01%             | 2025-08-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EPR PROPERTIES                                   | EPR Properties                                                                  | CUSIP: 26884UAG4<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              |  | US        |   2735000 | PA      | $2524176.46   | 0.09%             | 2031-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| SLAM 2021-1 LLC                                  | Slam 2021-1 Ltd                                                                 | CUSIP: 78449AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8139630 | PA      | $7677415.41   | 0.29%             | 2046-06-15      | Fixed         | 2.43%                 | No            |                  2 | On Loan: No      |
| STREAM INNOVATIONS ISSUER TRUST                  | Stream Innovations 2024-1 Issuer Trust                                          | CUSIP: 86324CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250513 | PA      | $260697.29    | 0.01%             | 2044-07-15      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| CHOICE HOTELS INTL INC                           | Choice Hotels International Inc                                                 | CUSIP: 169905AH9<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |   1245000 | PA      | $1273312.38   | 0.05%             | 2034-08-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| CENTRAL CHN REAL ESTATE                          | Central China Real Estate Ltd                                                   | CUSIP: 000000000<br>LEI: 549300JDML9PYG0CIJ22 | Long             | DBT              | CORP              | KY        |   1957000 | PA      | $58964.41     | 0.00%             | 2025-04-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd                      | Royal Caribbean Cruises Ltd                                                     | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |      2907 | NS      | $940647.06    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                         | Venture Global Calcasieu Pass LLC                                               | CUSIP: 92328MAC7<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   6105000 | PA      | $5500756.71   | 0.21%             | 2033-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GS FINANCE CORP                                  | GS Finance Corp                                                                 | CUSIP: 36263Y275<br>LEI: 549300FR80KBVO6DRL61 | Long             | SN               | CORP              | US        |    157808 | PA      | $4005340.94   | 0.15%             | 2026-03-30      | Fixed         | 12.80%                | No            |                  2 | On Loan: No      |
| Alta Wind Holdings LLC                           | Alta Wind Holdings LLC                                                          | CUSIP: 021345AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18103871 | PA      | $17269644.48  | 0.65%             | 2035-06-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp                                   | Microsoft Corp                                                                  | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     10278 | NS      | $5323490.10   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CSC HOLDINGS LLC                                 | CSC Holdings LLC                                                                | CUSIP: 126307BD8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |  48110000 | PA      | $16879229.93  | 0.63%             | 2030-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY PARTNERS LL                         | Viper Energy Partners LLC                                                       | CUSIP: 92764MAB0<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |   4625000 | PA      | $4702330.00   | 0.18%             | 2035-08-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ELARA HGV TIMESHARE ISSUER                       | Elara HGV Timeshare Issuer 2021-A LLC                                           | CUSIP: 28416LAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    184898 | PA      | $176102.94    | 0.01%             | 2035-08-27      | Fixed         | 2.09%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                    | Carnival Corp                                                                   | CUSIP: 143658BV3<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    340000 | PA      | $759367.95    | 0.03%             | 2027-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Packaging Corp of America                        | Packaging Corp of America                                                       | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |     20773 | NS      | $4527059.89   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| HERC HOLDINGS INC                                | Herc Holdings Inc Term Loan B                                                   | CUSIP: 000000000<br>LEI: 549300TP80QLITMSBP82 | Long             | LON              | CORP              | US        |   1075000 | PA      | $1079031.25   | 0.04%             | 2032-06-02      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| SANCHEZ ENERGY CORP                              | SANCHEZ ENERGY CORP                                                             | CUSIP: 799ESCAJ7<br>LEI: 549300SB0HTIM17TVR61 | Long             | DBT              | CORP              | US        |  17908000 | PA      | $1790.80      | 0.00%             | 2023-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                  | Cemex SAB de CV                                                                 | CUSIP: 151290CC5<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |   1160000 | PA      | $1212780.00   | 0.05%             | 2030-06-10      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                     | SM Energy Co                                                                    | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   2050000 | PA      | $2059825.65   | 0.08%             | 2029-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Truist Insurance Holdings LLC                    | Truist Insurance Holdings LLC 2024 Term Loan B                                  | CUSIP: 89788VAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1734409 | PA      | $1731702.96   | 0.06%             | 2031-05-06      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                    | UniCredit SpA                                                                   | CUSIP: 904678AS8<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |  14800000 | PA      | $14920924.88  | 0.56%             | 2035-06-30      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                | Credit Acceptance Auto Loan Trust 2024-1                                        | CUSIP: 22537GAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1030000 | PA      | $1059996.18   | 0.04%             | 2034-07-17      | Fixed         | 6.71%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                   | Air Lease Corp                                                                  | CUSIP: 00912XBJ2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   7035000 | PA      | $6942433.19   | 0.26%             | 2026-06-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| SUNAC CHINA HOLDINGS LTD                         | Sunac China Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | DBT              | CORP              | KY        |   4777164 | PA      | $716574.60    | 0.03%             | 2029-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Kestrel Aircraft Funding Limited                 | Kestrel Aircraft Funding Ltd                                                    | CUSIP: 49255PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    238936 | PA      | $238620.13    | 0.01%             | 2038-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                         | Cheniere Energy Partners LP                                                     | CUSIP: 16411QAN1<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2095327.39   | 0.08%             | 2032-01-31      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                | Barclays Bank PLC                                                               | CUSIP: 06748N822<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |      9257 | PA      | $3923280.56   | 0.15%             | 2026-05-13      | Fixed         | 12.12%                | No            |                  2 | On Loan: No      |
| DISH DBS Corp                                    | DISH DBS Corp                                                                   | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18540000 | PA      | $18362968.59  | 0.69%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| DATADOG INC                                      | Datadog Inc                                                                     | CUSIP: 23804LAC7<br>LEI: 549300F6JNO0KRPO1K63 | Long             | DBT              | CORP              | US        |   1363000 | PA      | $1349370.00   | 0.05%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SUNAC CHINA HOLDINGS LTD                         | Sunac China Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | DBT              | CORP              | KY        |   2249452 | PA      | $338137.62    | 0.01%             | 2030-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                            | Wells Fargo & Co                                                                | CUSIP: 95000U4B6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   7345000 | PA      | $7330319.18   | 0.27%             | 2036-09-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                    | Boeing Co/The                                                                   | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2321478.94   | 0.09%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| BBSG Mortgage Trust                              | BBSG 2016-MRP Mortgage Trust                                                    | CUSIP: 055287AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    335000 | PA      | $305299.91    | 0.01%             | 2036-06-05      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| WOLFSPEED INC                                    | Wolfspeed Inc                                                                   | CUSIP: 977852AD4<br>LEI: 549300OGU88P3AW3TO93 | Long             | DBT              | CORP              | US        |   2350000 | PA      | $1057500.00   | 0.04%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC         | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RKJ2<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $914094.90    | 0.03%             | 2028-04-20      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                              | Axon Enterprise Inc                                                             | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |   2230000 | PA      | $2290271.26   | 0.09%             | 2030-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                         | Citigroup Global Markets Holdings Inc/United States                             | CUSIP: 17333F793<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |     12494 | PA      | $2638683.99   | 0.10%             | 2026-01-06      | Fixed         | 12.10%                | No            |                  2 | On Loan: No      |
| Sunac China Holdings Ltd                         | Sunac China Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | EC               | CORP              | KY        |    723818 | NS      | $157994.71    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                         | iHeartCommunications Inc                                                        | CUSIP: 45174HBK2<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $973995.20    | 0.04%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                 | CSC Holdings LLC                                                                | CUSIP: 126307BH9<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    415000 | PA      | $269864.27    | 0.01%             | 2031-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AMYNTA AGENCY BORROWER INC                       | Amynta Agency Borrower Inc 2025 Term Loan B                                     | CUSIP: 57810JAM0<br>LEI: 5493000GP6HBRVTWBO85 | Long             | LON              | CORP              | US        |  13349293 | PA      | $13294427.53  | 0.50%             | 2031-12-29      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Labrador Aviation Finance Limited                | Labrador Aviation Finance Ltd 2016-1A                                           | CUSIP: 50543LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    719899 | PA      | $701873.13    | 0.03%             | 2042-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Structured Trust             | Castlelake Aircraft Securitization Trust 2018-1                                 | CUSIP: 14856CAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2028037 | PA      | $1957919.96   | 0.07%             | 2043-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                             | Glencore Funding LLC                                                            | CUSIP: 378272BQ0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |  15260000 | PA      | $16816454.38  | 0.63%             | 2033-10-06      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KWG GROUP HOLDINGS                               | KWG Group Holdings Ltd                                                          | CUSIP: 000000000<br>LEI: 549300LK82ZOM9ZE7H90 | Long             | DBT              | CORP              | KY        |   3760000 | PA      | $233646.40    | 0.01%             | 2026-02-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Linde PLC                                        | Linde PLC                                                                       | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |      3040 | NS      | $1444000.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |   2534479 | PA      | $47521.48     | 0.00%             | 2031-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                         | Warnermedia Holdings Inc                                                        | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |  10453000 | PA      | $9577561.25   | 0.36%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Garmin Ltd                                       | Garmin Ltd                                                                      | CUSIP: 000000000<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |      6289 | NS      | $1548477.58   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                            | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   4775000 | PA      | $5071895.18   | 0.19%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLOUDFLARE INC                                   | Cloudflare Inc                                                                  | CUSIP: 18915MAE7<br>LEI: 5493007DY18BGNLDWU14 | Long             | DBT              | CORP              | US        |    377000 | PA      | $428083.50    | 0.02%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NOVA LTD                                         | Nova Ltd                                                                        | CUSIP: 66982MAA2<br>LEI: 529900B2DSWE5V3SC292 | Long             | DBT              | CORP              | IL        |    543000 | PA      | $652764.16    | 0.02%             | 2030-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ADD HERO HOLDINGS                                | Add Hero Holdings Ltd                                                           | CUSIP: 000000000<br>LEI: 254900WMSDP48LFA7478 | Long             | DBT              | CORP              | VG        |    785632 | PA      | $46140.17     | 0.00%             | 2029-09-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                | BARCLAYS BANK PLC                                                               | CUSIP: 06748N525<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |      4479 | PA      | $2858201.04   | 0.11%             | 2026-04-07      | Fixed         | 14.92%                | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                            | Civitas Resources Inc                                                           | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   1835000 | PA      | $1900444.38   | 0.07%             | 2030-11-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| VStrong Auto Receivables Trust                   | VStrong Auto Receivables Trust 2024-A                                           | CUSIP: 92891PAL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $208258.00    | 0.01%             | 2030-07-15      | Fixed         | 7.29%                 | No            |                  2 | On Loan: No      |
| TEREX CORPORATION                                | Terex Corporation 2025 Term Loan                                                | CUSIP: 88078FBQ0<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | LON              | CORP              | US        |    927675 | PA      | $928602.68    | 0.03%             | 2031-10-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FRESHPET INC                                     | Freshpet Inc                                                                    | CUSIP: 358039AB1<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | DBT              | CORP              | US        |    388000 | PA      | $436112.00    | 0.02%             | 2028-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FIN CO LLC                            | Teva Pharmaceutical Finance Co LLC                                              | CUSIP: 88163VAD1<br>LEI: 5493006PITD7MU7WW480 | Long             | DBT              | CORP              | US        |   7960000 | PA      | $8334756.80   | 0.31%             | 2036-02-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                     | Hilton Grand Vacations Trust 2024-1B                                            | CUSIP: 43283YAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    329763 | PA      | $339424.62    | 0.01%             | 2039-09-15      | Fixed         | 8.85%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                          | Royal Caribbean Cruises Ltd                                                     | CUSIP: 78017TAB9<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   6195000 | PA      | $6231127.44   | 0.23%             | 2036-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US ULTRA BOND CBT DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -522 | NC      | $-1603375.20  | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust    | BHG Securitization Trust 2024-1CON                                              | CUSIP: 08862HAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1021535 | PA      | $1049593.31   | 0.04%             | 2035-04-17      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| PAYCHEX INC                                      | Paychex Inc                                                                     | CUSIP: 704326AC1<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $2015248.08   | 0.08%             | 2035-04-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitization Trust         | Castlelake Aircraft Structured Trust 2019-1                                     | CUSIP: 14855MAA6<br>LEI: 549300MHTIBONNXM3R82 | Long             | ABS-O            | CORP              | US        |    385851 | PA      | $381217.06    | 0.01%             | 2039-04-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT                         | Apollo Global Management Inc                                                    | CUSIP: 03769M304<br>LEI: 254900LMFT1CY9IYB476 | Long             | EP               | CORP              | US        |     10550 | NS      | $741454.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOPSYS INC                                     | Synopsys Inc                                                                    | CUSIP: 871607AG2<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   4165000 | PA      | $4203446.32   | 0.16%             | 2055-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                                    | AppLovin Corp                                                                   | CUSIP: 03831WAB4<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |   3090000 | PA      | $3161089.19   | 0.12%             | 2029-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                            | Molina Healthcare Inc                                                           | CUSIP: 60855RAK6<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2776157.10   | 0.10%             | 2030-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                               | PURCHASED USD / SOLD EUR                                                        | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $-24844.76    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp                                 | Exxon Mobil Corp                                                                | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     36073 | NS      | $4067230.75   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA AOYUAN GROUP LTD                           | China Aoyuan Group Ltd                                                          | CUSIP: 000000000<br>LEI: 549300YSOKQO5QD6MP25 | Long             | DBT              | CORP              | KY        |   1155773 | PA      | $6449.21      | 0.00%             | 2099-12-31      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| TIMES CHINA HLDG LTD                             | Times China Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 2549000KTINB9ZPZP710 | Long             | DBT              | CORP              | KY        |   4030000 | PA      | $135005.00    | 0.01%             | 2026-03-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                   | Whirlpool Corp                                                                  | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |   1215000 | PA      | $1212498.56   | 0.05%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Toorak Mortgage Corp.                            | Toorak Mortgage Trust 2024-RRTL1                                                | CUSIP: 89054YAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $804324.00    | 0.03%             | 2039-02-25      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                | Barclays Bank PLC                                                               | CUSIP: 06748N566<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |      3297 | PA      | $3194175.34   | 0.12%             | 2025-11-14      | Fixed         | 12.27%                | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                 | CSC Holdings LLC                                                                | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $703969.13    | 0.03%             | 2030-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                              | Commercial Mortgage Pass Through Certificates                                   | CUSIP: 12624NAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     77221 | PA      | $75000.83     | 0.00%             | 2030-10-05      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                     | CSMC 2014-USA OA LLC                                                            | CUSIP: 12649AAN9<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |   1690000 | PA      | $1241727.50   | 0.05%             | 2037-09-15      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC         | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RJA3<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    715000 | PA      | $742051.60    | 0.03%             | 2030-06-20      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Limited              | TMCL VII Holdings Ltd                                                           | CUSIP: 87257FAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | BM        |   7525000 | PA      | $7540185.45   | 0.28%             | 2050-07-23      | Fixed         | 8.06%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                          | BNP Paribas Issuance BV                                                         | CUSIP: 937EFE903<br>LEI: 7245009UXRIGIRYOBR48 | Long             | SN               | CORP              | NL        |     12072 | PA      | $3722410.50   | 0.14%             | 2025-11-24      | Fixed         | 11.60%                | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                    | Boeing Co/The                                                                   | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |     35699 | NS      | $2483579.43   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TEVA PHARM FNC NL II                             | Teva Pharmaceutical Finance Netherlands II BV                                   | CUSIP: 000000000<br>LEI: 549300HSQCIKJAOYIT23 | Long             | DBT              | CORP              | NL        |   4695000 | PA      | $6213944.45   | 0.23%             | 2029-09-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                    | DISH DBS Corp                                                                   | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  22190000 | PA      | $21803767.52  | 0.82%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES                            | Continental Resources Inc/OK                                                    | CUSIP: 212015AV3<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |  11400000 | PA      | $9934055.08   | 0.37%             | 2032-04-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                         | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc       | CUSIP: 43284MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1745000 | PA      | $1628505.70   | 0.06%             | 2031-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CFLDTRUSTUNT                                     | CFLDTRUSTUNT                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |  17706962 | NS      | $86943.13     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                             | CUSIP: 91282CMY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  89295000 | PA      | $89420571.09  | 3.35%             | 2027-04-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                         | Sensata Technologies Inc                                                        | CUSIP: 81728UAC8<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |   3650000 | PA      | $3776939.70   | 0.14%             | 2032-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Borrower LLC              | Hilton Grand Vacations Borrower LLC 2021 Term Loan B                            | CUSIP: 43283LAH4<br>LEI: 254900HF0EZ734FDVY79 | Long             | LON              | CORP              | US        |    121202 | PA      | $121005.25    | 0.00%             | 2028-08-02      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                 | CSC Holdings LLC                                                                | CUSIP: 126307BK2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   5540000 | PA      | $1939000.00   | 0.07%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                     | SM Energy Co                                                                    | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   3445000 | PA      | $3447656.10   | 0.13%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| First Investors Auto Owner Trust                 | First Investors Auto Owner Trust 2022-2                                         | CUSIP: 32058KAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    940000 | PA      | $971550.82    | 0.04%             | 2028-10-16      | Fixed         | 8.71%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                           | Republic of Uzbekistan International Bond                                       | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    200000 | PA      | $200504.89    | 0.01%             | 2029-02-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Kaseya Inc                                       | Kaseya Inc 2025 1st Lien Term Loan B                                            | CUSIP: 48578AAB4<br>LEI: 254900MISXMLRZ63NH46 | Long             | LON              | CORP              | US        |   5158240 | PA      | $5162934.49   | 0.19%             | 2032-03-20      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| RCO Mortgage LLC                                 | RCO VIII Mortgage LLC 2025-3                                                    | CUSIP: 74939GAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    205000 | PA      | $206370.63    | 0.01%             | 2030-05-25      | Variable      | 8.84%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                          | BNP Paribas Issuance BV                                                         | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | SN               | CORP              | NL        |      2303 | PA      | $1351843.93   | 0.05%             | 2025-11-03      | Fixed         | 18.24%                | No            |                  2 | On Loan: No      |
| TJX Cos Inc/The                                  | TJX Cos Inc/The                                                                 | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     34175 | NS      | $4939654.50   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Partners of America Trust                   | Home Partners of America 2021-2 Trust                                           | CUSIP: 43732VAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4145021 | PA      | $4015186.23   | 0.15%             | 2026-12-17      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |   2534479 | PA      | $47521.48     | 0.00%             | 2029-12-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NATL LIFE INSURANCE-VRMT                         | National Life Insurance Co                                                      | CUSIP: 636792AA1<br>LEI: 0JRPR7R1EOV4Z2M47L22 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $26547400.00  | 1.00%             | 2039-09-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| JSW STEEL LTD                                    | JSW Steel Ltd                                                                   | CUSIP: 46635UAD1<br>LEI: 335800EK6HZSC4CVAJ09 | Long             | DBT              | CORP              | IN        |   6230000 | PA      | $6060169.70   | 0.23%             | 2032-04-05      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                      | Extended Stay America Trust 2025-ESH                                            | CUSIP: 30227TAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    445000 | PA      | $445000.00    | 0.02%             | 2042-10-15      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                            | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   4775000 | PA      | $5026439.09   | 0.19%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NLV FINANCIAL CORP                               | NLV Financial Corp                                                              | CUSIP: 65486AAA1<br>LEI: UV78A3V7RXYC94JD0985 | Long             | DBT              | CORP              | US        |   8920000 | PA      | $9730025.20   | 0.36%             | 2033-08-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                | Barclays Bank PLC                                                               | CUSIP: 06748N624<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |      5459 | PA      | $1286770.55   | 0.05%             | 2026-01-16      | Fixed         | 14.47%                | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                   | Var Energi ASA                                                                  | CUSIP: 92212WAG5<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |   1420000 | PA      | $1509895.24   | 0.06%             | 2035-05-22      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                         | Cheniere Energy Partners LP                                                     | CUSIP: 16411QAQ4<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |   3185000 | PA      | $3371633.23   | 0.13%             | 2033-06-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                        | Boeing Co/The                                                                   | CUSIP: 097023DC6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   7895000 | PA      | $7561798.08   | 0.28%             | 2031-02-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                      | Hertz Vehicle Financing III LLC                                                 | CUSIP: 42806MCJ6<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   1295000 | PA      | $1312753.16   | 0.05%             | 2027-06-25      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                          | United Rentals North America Inc                                                | CUSIP: 911365BR4<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   6985000 | PA      | $7263163.66   | 0.27%             | 2034-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                          | BNP Paribas Issuance BV                                                         | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | SN               | CORP              | NL        |     94856 | PA      | $2669323.35   | 0.10%             | 2026-06-25      | Fixed         | 12.27%                | No            |                  2 | On Loan: No      |
| VIBRANT CLO LTD                                  | Vibrant CLO XIV Ltd                                                             | CUSIP: 92557EAL7<br>LEI: 5493000EYXFKXA2VRV24 | Long             | ABS-CBDO         | CORP              | KY        |   1540000 | PA      | $1543405.71   | 0.06%             | 2034-10-20      | Floating      | 8.34%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                         | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1415000 | PA      | $1512064.91   | 0.06%             | 2034-02-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                         | JH North America Holdings Inc                                                   | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |   4570000 | PA      | $4680932.18   | 0.18%             | 2032-07-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                                             | CUSIP: 912797RJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  16990000 | PA      | $16800576.11  | 0.63%             | 2026-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust                      | SBNA Auto Receivables Trust 2024-A                                              | CUSIP: 78437PAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $178420.03    | 0.01%             | 2030-01-15      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds             | Chile Government International Bonds                                            | CUSIP: 168863EE4<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |  13205000 | PA      | $13873833.25  | 0.52%             | 2037-01-13      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| SOLSTICE ADVANCED MTRIALS INC                    | SOLSTICE ADVANCED MTRIALS INC TERM LOAN B                                       | CUSIP: 000000000<br>LEI: 2138004GZ4H9TW6HK435 | Long             | LON              | CORP              | US        |   4655000 | PA      | $4657932.65   | 0.17%             | 2032-09-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REMIC FUNDING TRUST 98-1                         | Redwood Funding Trust 2023-1                                                    | CUSIP: 75806CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    548573 | PA      | $546732.85    | 0.02%             | 2059-07-25      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                          | Teva Pharmaceutical Finance Netherlands III BV                                  | CUSIP: 88167AAF8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |  25290000 | PA      | $18874182.43  | 0.71%             | 2046-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| HELMERICH & PAYNE INC                            | Helmerich & Payne Inc                                                           | CUSIP: 423452AN1<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | DBT              | CORP              | US        |  10605000 | PA      | $10391136.07  | 0.39%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |   2027583 | PA      | $38017.18     | 0.00%             | 2029-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mastercard Inc                                   | Mastercard Inc                                                                  | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      8763 | NS      | $4984482.03   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun Demeter Issuer LLC                        | Sunrun Demeter Issuer 2021-2 LLC                                                | CUSIP: 86772HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    430482 | PA      | $387114.82    | 0.01%             | 2057-01-30      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust    | BHG Securitization Trust 2024-1CON                                              | CUSIP: 08862HAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    330000 | PA      | $338453.87    | 0.01%             | 2035-04-17      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                     | Broadcom Inc                                                                    | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      7617 | NS      | $2512924.47   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                         | Warnermedia Holdings Inc                                                        | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1235000 | PA      | $985295.35    | 0.04%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                         | JH North America Holdings Inc                                                   | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |   3210000 | PA      | $3259159.96   | 0.12%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ADVANCED ENERGY IND                              | Advanced Energy Industries Inc                                                  | CUSIP: 007973AE0<br>LEI: 549300756XI3QLFT2U27 | Long             | DBT              | CORP              | US        |    454000 | PA      | $628563.00    | 0.02%             | 2028-09-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SUNAC CHINA HOLDINGS LTD                         | Sunac China Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | DBT              | CORP              | KY        |   1577037 | PA      | $229427.34    | 0.01%             | 2025-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                         | Venture Global Calcasieu Pass LLC                                               | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   3215000 | PA      | $3034471.64   | 0.11%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                    | EchoStar Corp                                                                   | CUSIP: 278768AB2<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   5176509 | PA      | $12734212.14  | 0.48%             | 2030-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC         | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RJS4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    680000 | PA      | $696297.56    | 0.03%             | 2029-06-20      | Fixed         | 7.31%                 | No            |                  2 | On Loan: No      |
| CENTRAL CHN REAL ESTATE                          | Central China Real Estate Ltd                                                   | CUSIP: 000000000<br>LEI: 549300JDML9PYG0CIJ22 | Long             | DBT              | CORP              | KY        |   1260000 | PA      | $44100.00     | 0.00%             | 2024-08-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| YUZHOU GROUP                                     | Yuzhou Group Holdings Co Ltd                                                    | CUSIP: 000000000<br>LEI: 213800MP59KHGJSPHE82 | Long             | DBT              | CORP              | KY        |   9245947 | PA      | $135175.75    | 0.01%             | 2031-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bausch & Lomb Corporation                        | Bausch & Lomb Corporation 2023 Incremental Term Loan                            | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |   1649157 | PA      | $1647095.28   | 0.06%             | 2028-09-29      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                          | BNP Paribas Issuance BV                                                         | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | SN               | CORP              | NL        |     20252 | PA      | $4301168.20   | 0.16%             | 2026-03-12      | Fixed         | 12.42%                | No            |                  2 | On Loan: No      |
| New Economy Assets Phase 1 Issuer LLC            | New Economy Assets - Phase 1 Sponsor LLC                                        | CUSIP: 643821AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1180000 | PA      | $984293.22    | 0.04%             | 2061-10-20      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK NA                          | JPMorgan Chase Bank NA                                                          | CUSIP: 466303104<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | SN               | CORP              | US        |     10700 | PA      | $2577421.79   | 0.10%             | 2025-12-10      | None          | 14.92%                | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC         | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RKG8<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    670000 | PA      | $677711.03    | 0.03%             | 2027-10-20      | Fixed         | 7.26%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                     | UBS Group AG                                                                    | CUSIP: 225401BB3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   3695000 | PA      | $4629342.05   | 0.17%             | 2033-11-15      | Fixed         | 9.02%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                         | Discovery Communications LLC                                                    | CUSIP: 25470DBZ1<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |   1955000 | PA      | $1794044.85   | 0.07%             | 2040-06-01      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                | Iron Mountain Inc                                                               | CUSIP: 46284VAF8<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |   9980000 | PA      | $9824790.24   | 0.37%             | 2029-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                               | Ardonagh Finco Ltd                                                              | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |   6780000 | PA      | $7094517.42   | 0.27%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                       | LAD Auto Receivables Trust 2024-3                                               | CUSIP: 505709AG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $202547.16    | 0.01%             | 2032-02-17      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| HANGER INC                                       | Hanger Inc 2024 Term Loan B                                                     | CUSIP: 41043BAH1<br>LEI: 254900ZJJJYVLHJXSZ60 | Long             | LON              | CORP              | US        |   3179254 | PA      | $3184022.68   | 0.12%             | 2031-10-23      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                      | Extended Stay America Trust 2025-ESH                                            | CUSIP: 30227TAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    485000 | PA      | $485000.00    | 0.02%             | 2042-10-15      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                              | Resideo Funding Inc 2024 M&A 1st lien Term Loan B                               | CUSIP: 76090LAK0<br>LEI: 5493000IFJ6XJKH66598 | Long             | LON              | CORP              | US        |   6421912 | PA      | $6413884.80   | 0.24%             | 2031-06-13      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| CHINA AOYUAN GROUP LTD                           | China Aoyuan Group Ltd                                                          | CUSIP: 000000000<br>LEI: 549300YSOKQO5QD6MP25 | Long             | DBT              | CORP              | KY        |    103296 | PA      | $1607.29      | 0.00%             | 2028-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US 5YR NOTE (CBT) DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |     13496 | NC      | $1809489.70   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS BANK PLC                                | Barclays Bank PLC                                                               | CUSIP: 06748U107<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |     19264 | PA      | $4038608.41   | 0.15%             | 2026-04-29      | Fixed         | 11.39%                | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                      | Extended Stay America Trust 2025-ESH                                            | CUSIP: 30227TAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $600000.00    | 0.02%             | 2042-10-15      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                        | Block Inc                                                                       | CUSIP: 852234AP8<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |  10821000 | PA      | $10070268.24  | 0.38%             | 2031-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories                              | Abbott Laboratories                                                             | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     11245 | NS      | $1506155.30   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BPR Trust                                        | BPR Trust 2021-NRD                                                              | CUSIP: 05592CAQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7375000 | PA      | $7221341.88   | 0.27%             | 2038-12-15      | Floating      | 11.02%                | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                     | CaixaBank SA                                                                    | CUSIP: 12803RAM6<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   1715000 | PA      | $1756553.54   | 0.07%             | 2036-07-03      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                        | PG&E Corp                                                                       | CUSIP: 69331C306<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EP               | CORP              | US        |     25390 | NS      | $999858.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fort Greene Park CLO                             | Fort Greene Park CLO LLC                                                        | CUSIP: 18914KAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4390000 | PA      | $4357132.07   | 0.16%             | 2034-04-22      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE / IRELAND DAC                          | Aircastle Ltd / Aircastle Ireland DAC                                           | CUSIP: 00929JAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3695000 | PA      | $3849190.50   | 0.14%             | 2031-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GRANITE CONSTRUCTION INC                         | Granite Construction Inc                                                        | CUSIP: 387328AD9<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | DBT              | CORP              | US        |    245000 | PA      | $589470.00    | 0.02%             | 2028-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                   | NRG Energy Inc 2024 Term Loan                                                   | CUSIP: 62937NBC0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | LON              | CORP              | US        |  12804006 | PA      | $12800037.03  | 0.48%             | 2031-04-16      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC                                | Expedia Group Inc                                                               | CUSIP: 30212PBL8<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | DBT              | CORP              | US        |   6335000 | PA      | $6501064.68   | 0.24%             | 2035-02-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD                               | Leviathan Bond Ltd                                                              | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |    805000 | PA      | $806569.75    | 0.03%             | 2027-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                     | Broadcom Inc                                                                    | CUSIP: 11135FBK6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1255000 | PA      | $1161470.40   | 0.04%             | 2033-04-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                          | Romanian Government International Bond                                          | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |  15455000 | PA      | $18580431.13  | 0.70%             | 2032-07-11      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL AUTO HO/AAG FH UK                         | Global Auto Holdings Ltd/AAG FH UK Ltd                                          | CUSIP: 00033YAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   3680000 | PA      | $3882400.00   | 0.15%             | 2029-08-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| EDELMAN FINANCIAL CENTER LLC                     | Edelman Financial Center LLC 2024 Term Loan                                     | CUSIP: 27943UAM8<br>LEI: 549300Z31KZXNP05U733 | Long             | LON              | CORP              | US        |   9370527 | PA      | $9373900.88   | 0.35%             | 2028-04-07      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                        | Towd Point Mortgage Trust 2019-4                                                | CUSIP: 89178BAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    795000 | PA      | $698290.87    | 0.03%             | 2059-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                              | Ashtead Capital Inc                                                             | CUSIP: 045054AS2<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   2870000 | PA      | $3007113.16   | 0.11%             | 2034-04-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Prologis Inc                                     | Prologis Inc                                                                    | CUSIP: 74340W202<br>LEI: 529900DFH19P073LZ636 | Long             | EP               |  | US        |    115797 | NS      | $6397784.25   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Volofin Finance Designated Activity Company      | Volofin Finance Designated Activity Co                                          | CUSIP: 92873RAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1588088 | PA      | $1630043.95   | 0.06%             | 2037-06-15      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |   1013791 | PA      | $25344.78     | 0.00%             | 2027-12-28      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust    | JP Morgan Chase Commercial Mortgage Securities Trust 2013-LC11                  | CUSIP: 46639YAW7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3110000 | PA      | $1846407.00   | 0.07%             | 2046-04-15      | Variable      | 3.96%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                 | Onemain Financial Issuance Trust 2025-1                                         | CUSIP: 68270DAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    435000 | PA      | $443200.62    | 0.02%             | 2038-07-14      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |   4562064 | PA      | $51323.22     | 0.00%             | 2031-12-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SHENTON AIRCRAFT INVESTMENT LTD                  | Shenton Aircraft Investment I Ltd                                               | CUSIP: 82321UAA1<br>LEI: 254900877LAQRYY3YZ51 | Long             | ABS-O            | CORP              | KY        |    582303 | PA      | $571107.70    | 0.02%             | 2042-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS II LLC                            | QTS Issuer ABS II LLC                                                           | CUSIP: 74690FAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2100000 | PA      | $2086912.80   | 0.08%             | 2055-10-05      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                              | Ashtead Capital Inc                                                             | CUSIP: 045054AQ6<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   2140000 | PA      | $2207291.42   | 0.08%             | 2033-05-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust    | JP Morgan Chase Commercial Mortgage Securities Trust 2012-LC9                   | CUSIP: 46639EAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    290000 | PA      | $274789.50    | 0.01%             | 2047-12-15      | Variable      | 3.69%                 | No            |                  2 | On Loan: No      |
| AMYNTA AGENCY/WARRANTY                           | Amynta Agency Borrower Inc and Amynta Warranty Borrower Inc                     | CUSIP: 03238AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6435000 | PA      | $6587162.01   | 0.25%             | 2033-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust                           | Marlette Funding Trust 2023-4                                                   | CUSIP: 57108UAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2400000 | PA      | $2485740.00   | 0.09%             | 2033-12-15      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| GoodLeap Home Improvement Solutions Trust        | GoodLeap Home Improvement Solutions Trust 2024-1                                | CUSIP: 381935AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    785108 | PA      | $800385.05    | 0.03%             | 2046-10-20      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd                    | CAFL 2023-RTL1 Issuer LLC                                                       | CUSIP: 124762AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3245000 | PA      | $3259632.35   | 0.12%             | 2030-12-28      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                     | UBS Group AG                                                                    | CUSIP: 902613BR8<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   4195000 | PA      | $4217447.45   | 0.16%             | 2030-08-05      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                         | Foundation Finance Trust 2023-2                                                 | CUSIP: 35042RAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    497304 | PA      | $532313.71    | 0.02%             | 2049-06-15      | Fixed         | 9.10%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                        | Towd Point Mortgage Trust 2017-4                                                | CUSIP: 89173UAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1120000 | PA      | $990624.99    | 0.04%             | 2057-06-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| CENTRAL CHN REAL ESTATE                          | Central China Real Estate Ltd                                                   | CUSIP: 000000000<br>LEI: 549300JDML9PYG0CIJ22 | Long             | DBT              | CORP              | KY        |   1305000 | PA      | $42529.95     | 0.00%             | 2024-05-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NETAPP INC                                       | NetApp Inc                                                                      | CUSIP: 64110DAM6<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | DBT              | CORP              | US        |   2710000 | PA      | $2819602.16   | 0.11%             | 2032-03-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FIN IV                                | Teva Pharmaceutical Finance Netherlands IV BV                                   | CUSIP: 881937AA4<br>LEI: 549300GKSD1RG56QRY33 | Long             | DBT              | CORP              | NL        |   1245000 | PA      | $1282236.71   | 0.05%             | 2030-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                | Post Holdings Inc                                                               | CUSIP: 737446AT1<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   1398000 | PA      | $1568556.00   | 0.06%             | 2027-08-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| YUZHOU GROUP HOLDINGS CCASS 29                   | YUZHOU GROUP HOLDINGS CCASS 29                                                  | CUSIP: 000000000<br>LEI: 213800MP59KHGJSPHE82 | Long             | EC               | CORP              | HK        |   3205816 | NS      | $105048.62    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                              | General Electric Co                                                             | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      5560 | NS      | $1672559.20   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                         | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                             | CUSIP: 74841CAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5270000 | PA      | $4921356.72   | 0.18%             | 2031-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                  | Cemex SAB de CV                                                                 | CUSIP: 151290CA9<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |  10470000 | PA      | $10426492.96  | 0.39%             | 2026-06-08      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                            | Bausch Health Cos Inc                                                           | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   8690000 | PA      | $7777550.00   | 0.29%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| COMMVAULT SYSTEMS INC                            | Commvault Systems Inc                                                           | CUSIP: 204166AA0<br>LEI: 65T5VRP62VXG39YFML83 | Long             | DBT              | CORP              | US        |    627000 | PA      | $648443.40    | 0.02%             | 2030-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Deere & Co                                       | Deere & Co                                                                      | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      4779 | NS      | $2185245.54   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Grand Vacations Borrower LLC              | Hilton Grand Vacations Borrower LLC 2024 Incremental Term Loan B                | CUSIP: 43283LAK7<br>LEI: 254900HF0EZ734FDVY79 | Long             | LON              | CORP              | US        |  11958642 | PA      | $11939986.44  | 0.45%             | 2031-01-17      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                              | Travel + Leisure Co                                                             | CUSIP: 894164AC6<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |   3790000 | PA      | $3778441.18   | 0.14%             | 2033-09-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                         | Brazil Notas do Tesouro Nacional Serie F                                        | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        | 147275000 | PA      | $24909006.42  | 0.93%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                 | CSC Holdings LLC                                                                | CUSIP: 126307AS6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |  14005000 | PA      | $12277967.82  | 0.46%             | 2028-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Maps LTD                                         | MAPS 2021-1 Trust                                                               | CUSIP: 55292RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3467128 | PA      | $3315914.16   | 0.12%             | 2046-06-15      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                 | Duke Energy Corp                                                                | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     33440 | NS      | $4138200.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                         | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2830000 | PA      | $3015978.06   | 0.11%             | 2034-06-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC/PETSMART FI                         | PetSmart LLC / PetSmart Finance Corp                                            | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7840000 | PA      | $7851652.44   | 0.29%             | 2032-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                         | Citigroup Global Markets Holdings Inc/United States                             | CUSIP: 17332B520<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |      4706 | PA      | $3641071.64   | 0.14%             | 2025-10-02      | Fixed         | 17.15%                | No            |                  2 | On Loan: No      |
| CIENA CORPORATION                                | Ciena Corporation 2025 Repriced Term Loan B                                     | CUSIP: 17178HAR3<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | LON              | CORP              | US        |   1267738 | PA      | $1268536.27   | 0.05%             | 2030-10-24      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                    | Carnival Corp                                                                   | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   4230000 | PA      | $4335902.28   | 0.16%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ZSCALER INC.                                     | Zscaler Inc                                                                     | CUSIP: 98980GAC6<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | DBT              | CORP              | US        |    920000 | PA      | $912180.00    | 0.03%             | 2028-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WHISTLER PIPELINE LLC                            | Whistler Pipeline LLC                                                           | CUSIP: 96337RAC6<br>LEI: 549300NG57SGLTNW5C85 | Long             | DBT              | CORP              | US        |   1580000 | PA      | $1628500.66   | 0.06%             | 2034-09-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                 | CIFC Funding 2021-V Ltd                                                         | CUSIP: 12565EAN1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3095000 | PA      | $3128020.56   | 0.12%             | 2038-01-15      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| FLUOR CORP                                       | Fluor Corp                                                                      | CUSIP: 343412AJ1<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | DBT              | CORP              | US        |    456000 | PA      | $541044.00    | 0.02%             | 2029-08-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Global SC Finance SRL                            | Global SC Finance X Ltd                                                         | CUSIP: 37893FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2498607.50   | 0.09%             | 2045-09-22      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS INC                               | United Rentals Inc 2025 Repriced Term Loan B                                    | CUSIP: 91136EAN5<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | LON              | CORP              | US        |   1002456 | PA      | $1006525.67   | 0.04%             | 2031-02-14      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| SUNAC CHINA HOLDINGS LTD                         | Sunac China Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | DBT              | CORP              | KY        |   4765631 | PA      | $713796.21    | 0.03%             | 2028-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                          | BNP Paribas Issuance BV                                                         | CUSIP: 937ZBF907<br>LEI: 7245009UXRIGIRYOBR48 | Long             | SN               | CORP              | NL        |     15956 | PA      | $4376727.74   | 0.16%             | 2026-03-26      | Fixed         | 12.71%                | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESOR                         | Marriott Ownership Resorts Inc                                                  | CUSIP: 57164PAH9<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |   4155000 | PA      | $4009372.65   | 0.15%             | 2029-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRUST                 | WFRBS Commercial Mortgage Trust 2013-C15                                        | CUSIP: 92938CAH0<br>LEI: 5493003CHVRASC16O965 | Long             | ABS-MBS          | CORP              | US        |   5367911 | PA      | $5171821.68   | 0.19%             | 2046-08-15      | Variable      | 4.28%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                         | Capital One Financial Corp                                                      | CUSIP: 14040HDN2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   2705000 | PA      | $2675248.95   | 0.10%             | 2036-09-11      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                         | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                      | CUSIP: 47214BAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    835000 | PA      | $923095.46    | 0.03%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                    | ZF North America Capital Inc                                                    | CUSIP: 98877DAE5<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   2170000 | PA      | $2148885.90   | 0.08%             | 2030-04-14      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                            | Directv Financing LLC                                                           | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6790000 | PA      | $6733710.90   | 0.25%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trust                  | Prestige Auto Receivables Trust 2022-1                                          | CUSIP: 74113RAL3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2810000 | PA      | $2875447.71   | 0.11%             | 2028-08-15      | Fixed         | 8.08%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                         | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   4530000 | PA      | $4070247.49   | 0.15%             | 2033-10-29      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Trans Union LLC                                  | Trans Union LLC 2024 Term Loan B8                                               | CUSIP: 89334GBF0<br>LEI: X8NPN6PWJOM1QCTYFV34 | Long             | LON              | CORP              | US        |  12578995 | PA      | $12566793.00  | 0.47%             | 2031-06-24      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                              | NCL Corp Ltd                                                                    | CUSIP: 62886HBS9<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    814000 | PA      | $957976.25    | 0.04%             | 2030-04-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                             | Pilgrim's Pride Corp                                                            | CUSIP: 72147KAL2<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    860000 | PA      | $949517.40    | 0.04%             | 2034-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                     | ARES Loan Funding I Ltd                                                         | CUSIP: 04018XAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2675000 | PA      | $2679576.93   | 0.10%             | 2034-10-15      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| Applebees/IHOP Funding LLC                       | Applebee's Funding LLC / IHOP Funding LLC                                       | CUSIP: 03789XAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5925000 | PA      | $6028108.04   | 0.23%             | 2053-03-05      | Fixed         | 7.82%                 | No            |                  2 | On Loan: No      |
| HANGER INC                                       | Hanger Inc 2024 Delayed Draw Term Loan                                          | CUSIP: 41043BAJ7<br>LEI: 254900ZJJJYVLHJXSZ60 | Long             | LON              | CORP              | US        |    410064 | PA      | $410679.23    | 0.02%             | 2031-10-23      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| HOVNANIAN ENTERPRISES                            | Hovnanian Enterprises Inc                                                       | CUSIP: 442487112<br>LEI: 549300805N4EF0ROBT53 | Long             | EP               | CORP              | US        |    208246 | NS      | $4327351.88   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TOPBUILD CORP                                    | TopBuild Corp                                                                   | CUSIP: 89055FAD5<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |   7705000 | PA      | $7676991.09   | 0.29%             | 2034-01-31      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Philippines Government International Bonds       | Philippines Government International Bonds                                      | CUSIP: 718286CL9<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |   5130000 | PA      | $3456301.49   | 0.13%             | 2045-12-10      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| SOLSTICE ADVANCED MATERI                         | Solstice Advanced Materials Inc                                                 | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |   2826000 | PA      | $2835336.74   | 0.11%             | 2033-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                 | Societe Generale SA                                                             | CUSIP: 83368RCK6<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   6260000 | PA      | $6243784.47   | 0.23%             | 2036-10-03      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES                            | Continental Resources Inc/OK                                                    | CUSIP: 212015AT8<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |   9276000 | PA      | $9565728.25   | 0.36%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| YUZHOU GROUP                                     | Yuzhou Group Holdings Co Ltd                                                    | CUSIP: 000000000<br>LEI: 213800MP59KHGJSPHE82 | Long             | DBT              | CORP              | KY        |   2909237 | PA      | $15826.25     | 0.00%             | 2034-06-30      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                     | GS Mortgage Securities Corp Trust 2012-TMSQ                                     | CUSIP: 36197QAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1012623 | PA      | $997109.29    | 0.04%             | 2031-04-10      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds             | Chile Government International Bonds                                            | CUSIP: 168863DY1<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   3835000 | PA      | $3386688.50   | 0.13%             | 2042-03-07      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                          | Jefferies Financial Group Inc                                                   | CUSIP: 47233WEJ4<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |   6075000 | PA      | $6458918.86   | 0.24%             | 2034-04-14      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| FLUTTER FINANCING BV                             | Flutter Financing BV 2025 Term Loan B                                           | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |   5092238 | PA      | $5082358.56   | 0.19%             | 2032-06-04      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |   1267298 | PA      | $23761.84     | 0.00%             | 2027-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust                           | Marlette Funding Trust 2024-1                                                   | CUSIP: 57108VAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    684046 | PA      | $686946.56    | 0.03%             | 2034-07-17      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                 | CSC Holdings LLC                                                                | CUSIP: 126307BF3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   6425000 | PA      | $4143772.91   | 0.16%             | 2031-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                              | Synchrony Financial                                                             | CUSIP: 87165BAW3<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   1770000 | PA      | $1803569.52   | 0.07%             | 2031-03-06      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ADD HERO HOLDINGS                                | Add Hero Holdings Ltd                                                           | CUSIP: 000000000<br>LEI: 254900WMSDP48LFA7478 | Long             | DBT              | CORP              | VG        |    839361 | PA      | $13639.61     | 0.00%             | 2031-09-30      | Fixed         | 9.80%                 | No            |                  2 | On Loan: No      |
| Fixed Income Clearing Corp                       | FIXED INC CLEARING CORP.REPO                                                    | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |  60877021 | PA      | $60877021.35  | 2.28%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                                             | CUSIP: 912797RL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   6625000 | PA      | $6537372.38   | 0.25%             | 2026-02-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                         | Hess Midstream Operations LP                                                    | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2530000 | PA      | $2452171.38   | 0.09%             | 2030-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                   | Mariner Finance Issuance Trust 2024-A                                           | CUSIP: 567928AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    505000 | PA      | $518267.31    | 0.02%             | 2036-09-22      | Fixed         | 6.77%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust    | JP Morgan Chase Commercial Mortgage Securities Trust 2025-BMS                   | CUSIP: 46596CAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2595000 | PA      | $2582263.74   | 0.10%             | 2042-01-15      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| YUZHOU GROUP                                     | Yuzhou Group Holdings Co Ltd                                                    | CUSIP: 000000000<br>LEI: 213800MP59KHGJSPHE82 | Long             | DBT              | CORP              | KY        |   6591260 | PA      | $141382.53    | 0.01%             | 2030-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Emerson Electric Co                              | Emerson Electric Co                                                             | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |     26695 | NS      | $3501850.10   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                         | Sensata Technologies Inc                                                        | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    600000 | PA      | $553727.22    | 0.02%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| INTERDIGITAL INC                                 | InterDigital Inc                                                                | CUSIP: 45867GAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    142000 | PA      | $634953.00    | 0.02%             | 2027-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Simon Property Group Inc                         | Simon Property Group Inc                                                        | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |     19126 | NS      | $3589376.42   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust            | Wells Fargo Commercial Mortgage Trust 2013-LC12                                 | CUSIP: 94988QAQ4<br>LEI: 549300V2DF3KW9L1CV04 | Long             | ABS-MBS          | CORP              | US        |    184561 | PA      | $179024.31    | 0.01%             | 2046-07-15      | Variable      | 3.91%                 | No            |                  2 | On Loan: No      |
| Arixa Mortgage Trust                             | Arixa Mortgage Trust 2025-RTL1                                                  | CUSIP: 04046BAA1<br>LEI: 254900Q4SU6C9E56ZJ68 | Long             | ABS-MBS          | CORP              | US        |   1350000 | PA      | $1357533.00   | 0.05%             | 2030-08-25      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                | Barclays Bank PLC                                                               | CUSIP: 06748N814<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |     27710 | PA      | $4041357.41   | 0.15%             | 2026-08-21      | Fixed         | 9.57%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                            | Freedom Mortgage Holdings LLC                                                   | CUSIP: 35641AAD0<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   5510000 | PA      | $5676275.27   | 0.21%             | 2033-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                           | Republic of Uzbekistan International Bond                                       | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |   3500000 | PA      | $3231743.73   | 0.12%             | 2030-11-25      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                           | Venture Global LNG Inc                                                          | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |  14300000 | PA      | $14172438.28  | 0.53%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |    760401 | PA      | $19010.03     | 0.00%             | 2025-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KDAC Aviation Finance Limited                    | KDAC Aviation Finance Ltd                                                       | CUSIP: 48244XAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    342242 | PA      | $339685.65    | 0.01%             | 2042-12-15      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| AGILE GROUP HOLDINGS LTD                         | Agile Group Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 549300ZRISRT38EEYY07 | Long             | DBT              | CORP              | KY        |   1650000 | PA      | $94116.00     | 0.00%             | 2025-04-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                            | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   4085000 | PA      | $4513965.85   | 0.17%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Ascent Education Funding Trust                   | Ascent Education Funding Trust 2024-A                                           | CUSIP: 04362VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    612126 | PA      | $627376.50    | 0.02%             | 2050-10-25      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                   | Carvana Auto Receivables Trust 2024-N3                                          | CUSIP: 14687WAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3020000 | PA      | $3122559.20   | 0.12%             | 2032-04-12      | Fixed         | 7.66%                 | No            |                  2 | On Loan: No      |
| YUZHOU GROUP                                     | Yuzhou Group Holdings Co Ltd                                                    | CUSIP: 000000000<br>LEI: 213800MP59KHGJSPHE82 | Long             | DBT              | CORP              | KY        |   3344836 | PA      | $428105.56    | 0.02%             | 2027-06-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HIGHWOODS PROPERTIES                             | Highwoods Properties Inc                                                        | CUSIP: 431284207<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EP               |  | US        |      1596 | NS      | $1418350.16   | 0.05%             |  |  |  | No            |                  3 | On Loan: No      |
| GLOBAL AUTO HO/AAG FH UK                         | Global Auto Holdings Ltd/AAG FH UK Ltd                                          | CUSIP: 00033GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   7520000 | PA      | $7355161.60   | 0.28%             | 2029-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US 2YR NOTE (CBT) DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -803 | NC      | $-90253.98    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ASHLAND INC                                      | Ashland Inc                                                                     | CUSIP: 04433LAA0<br>LEI: 529900E4L9R04SB8HB11 | Long             | DBT              | CORP              | US        |  10887000 | PA      | $9643399.76   | 0.36%             | 2031-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                   | Morgan Stanley                                                                  | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     32496 | NS      | $5165564.16   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                           | SAP SE                                                                          | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     17722 | NS      | $4735495.62   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortress Intermediate 3, Inc                     | Fortress Intermediate 3 Inc 2025 Term Loan B                                    | CUSIP: 34966LAD6<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | LON              | CORP              | US        |  13502150 | PA      | $13535905.38  | 0.51%             | 2031-06-27      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| TRINET GROUP INC                                 | TriNet Group Inc                                                                | CUSIP: 896288AA5<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |   2145000 | PA      | $2006290.36   | 0.08%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CITADEL LP                                       | Citadel LP                                                                      | CUSIP: 17288XAD6<br>LEI: 549300IPM6EKPVUPFL67 | Long             | DBT              | CORP              | US        |   1435000 | PA      | $1491512.60   | 0.06%             | 2030-01-23      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                | Barclays Bank PLC                                                               | CUSIP: 06748N582<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |     92572 | PA      | $3257407.89   | 0.12%             | 2026-04-29      | Fixed         | 20.38%                | No            |                  2 | On Loan: No      |
| CENTRAL CHN REAL ESTATE                          | Central China Real Estate Ltd                                                   | CUSIP: 000000000<br>LEI: 549300JDML9PYG0CIJ22 | Long             | DBT              | CORP              | KY        |   3260000 | PA      | $107496.74    | 0.00%             | 2025-07-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NUTANIX INC                                      | Nutanix Inc                                                                     | CUSIP: 67059NAJ7<br>LEI: 549300X7J6E8TKVIXW09 | Long             | DBT              | CORP              | US        |   1021000 | PA      | $1149341.96   | 0.04%             | 2029-12-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| NETAPP INC                                       | NetApp Inc                                                                      | CUSIP: 64110DAN4<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | DBT              | CORP              | US        |   2170000 | PA      | $2268369.16   | 0.09%             | 2035-03-17      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                          | Sensata Technologies BV                                                         | CUSIP: 81725WAK9<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |   5200000 | PA      | $4990296.22   | 0.19%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                   | Morgan Stanley                                                                  | CUSIP: 61747YFB6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   6375000 | PA      | $6684059.81   | 0.25%             | 2038-01-19      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                        | Boeing Co/The                                                                   | CUSIP: 097023CX1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    345000 | PA      | $344653.30    | 0.01%             | 2060-05-01      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                         | Uruguay Government International Bond                                           | CUSIP: 760942BF8<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        | 283105000 | PA      | $7785760.33   | 0.29%             | 2033-07-20      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                | Barclays Bank PLC                                                               | CUSIP: 06748N475<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |      3446 | PA      | $3199662.19   | 0.12%             | 2026-03-09      | Fixed         | 13.61%                | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP                                 | FirstEnergy Corp                                                                | CUSIP: 337932AU1<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |    600000 | PA      | $647400.00    | 0.02%             | 2031-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| China Aoyuan Group Ltd                           | China Aoyuan Group Ltd                                                          | CUSIP: 000000000<br>LEI: 549300YSOKQO5QD6MP25 | Long             | EC               | CORP              | KY        |    288943 | NS      | $4270.09      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| YUZHOU GROUP                                     | Yuzhou Group Holdings Co Ltd                                                    | CUSIP: 000000000<br>LEI: 213800MP59KHGJSPHE82 | Long             | DBT              | CORP              | KY        |   2835915 | PA      | $102716.84    | 0.00%             | 2028-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Navigator Aircraft ABS LLC                       | Navigator Aircraft ABS Ltd                                                      | CUSIP: 63943BAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  10248451 | PA      | $9777511.87   | 0.37%             | 2046-11-15      | Variable      | 3.57%                 | No            |                  2 | On Loan: No      |
| ASPLUNDH TREE EXPERT LLC                         | Asplundh Tree Expert LLC 2024 Incremental Term Loan B                           | CUSIP: 04538FAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6792052 | PA      | $6788384.79   | 0.25%             | 2031-05-23      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| UGI CORP                                         | UGI Corp                                                                        | CUSIP: 902681AB1<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | DBT              | CORP              | US        |    663000 | PA      | $847427.62    | 0.03%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                    | Boeing Co/The                                                                   | CUSIP: 097023DU6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2360000 | PA      | $2732061.91   | 0.10%             | 2064-05-01      | Fixed         | 7.01%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                         | Kaisa Group Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |   2027583 | PA      | $38017.18     | 0.00%             | 2028-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN POWER CO                                | Southern Power Co                                                               | CUSIP: 843646AY6<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |   1630000 | PA      | $1607507.42   | 0.06%             | 2035-10-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CHORD ENERGY CORP                                | Chord Energy Corp                                                               | CUSIP: 674215AQ1<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |   5930000 | PA      | $5888711.07   | 0.22%             | 2030-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SEB Funding LLC                                  | SEB Funding LLC                                                                 | CUSIP: 78433DAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    897750 | PA      | $887907.88    | 0.03%             | 2052-01-30      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                         | 1011778 BC ULC / New Red Finance Inc                                            | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |  13685000 | PA      | $12897064.23  | 0.48%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                          | Mexican Bonos                                                                   | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        | 505500000 | PA      | $26512009.99  | 0.99%             | 2038-11-18      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Mercury Financial Credit Card Master Trust       | Mercury Financial Credit Card Master Trust                                      | CUSIP: 58940BAZ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4285000 | PA      | $4317823.10   | 0.16%             | 2029-07-20      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| 522 Funding CLO LTD                              | 522 Funding CLO 2018-3A Ltd                                                     | CUSIP: 33835NAG6<br>LEI: 549300HKB0UTKU91DG08 | Long             | ABS-CBDO         | CORP              | KY        |   6730000 | PA      | $6738257.71   | 0.25%             | 2031-10-20      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| Planet Fitness Master Issuer LLC                 | Planet Fitness Master Issuer LLC                                                | CUSIP: 72703PAD5<br>LEI: 549300NX9W3U2DO53T22 | Long             | ABS-O            | CORP              | US        |    130275 | PA      | $128015.31    | 0.00%             | 2051-12-05      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AGILE GROUP HOLDINGS LTD                         | Agile Group Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 549300ZRISRT38EEYY07 | Long             | DBT              | CORP              | KY        |   6150000 | PA      | $349873.50    | 0.01%             | 2025-10-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                           | First Brands Group LLC 2022 Incremental Term Loan                               | CUSIP: 31935HAG2<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |   1970000 | PA      | $693814.30    | 0.03%             | 2027-03-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                           | Republic of Uzbekistan International Bond                                       | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |   7040000 | PA      | $6466329.76   | 0.24%             | 2031-10-19      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRUST                 | WFRBS Commercial Mortgage Trust 2013-C15                                        | CUSIP: 92938CAJ6<br>LEI: 5493003CHVRASC16O965 | Long             | ABS-MBS          | CORP              | US        |   2612000 | PA      | $2350826.12   | 0.09%             | 2046-08-15      | Variable      | 4.28%                 | No            |                  2 | On Loan: No      |
| SOLRR Aircraft 2021-1 Limited                    | Lunar 2021-1 Structured Aircraft Portfolio Notes                                | CUSIP: 83438LAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IE        |   2076813 | PA      | $1973702.97   | 0.07%             | 2046-10-15      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| Sunrun Issuer                                    | Sunrun Atlas Issuer 2019-2 LLC                                                  | CUSIP: 86772FAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1143337 | PA      | $1093353.39   | 0.04%             | 2055-02-01      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                              | JPMorgan Chase & Co                                                             | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  10180000 | PA      | $10537664.12  | 0.39%             | 2030-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                                    | AppLovin Corp                                                                   | CUSIP: 03831WAD0<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |   8850000 | PA      | $9135379.14   | 0.34%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK NA                          | JPMorgan Chase Bank NA                                                          | CUSIP: 4662AA570<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | SN               | CORP              | US        |     74411 | PA      | $4268738.81   | 0.16%             | 2026-04-06      | Fixed         | 12.28%                | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                   | Whirlpool Corp                                                                  | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1138850.43   | 0.04%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization Equity Trust      | AASET 2025-1                                                                    | CUSIP: 00258PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1282140 | PA      | $1320786.48   | 0.05%             | 2050-02-16      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                            | Directv Financing LLC                                                           | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1955000 | PA      | $1930995.16   | 0.07%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| CFLD CAYMAN INVESTMENT                           | CFLD Cayman Investment Ltd                                                      | CUSIP: 000000000<br>LEI: 3003006ZC30FH27GHL08 | Long             | DBT              | CORP              | KY        |   4375535 | PA      | $131266.05    | 0.00%             | 2031-01-31      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Apple Inc                                        | Apple Inc                                                                       | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     19428 | NS      | $4946951.64   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                             | CUSIP: 91282CMU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 188340000 | PA      | $190495609.69 | 7.14%             | 2030-03-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD                         | Macquarie Airfinance Holdings Ltd                                               | CUSIP: 55609NAC2<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $421246.71    | 0.02%             | 2029-03-26      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                        | College Ave Student Loans 2024-B LLC                                            | CUSIP: 19423UAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1040000 | PA      | $1072886.36   | 0.04%             | 2054-08-25      | Fixed         | 6.08%                 | No            |                  2 | On Loan: No      |
| WOLFSPEED INC                                    | Wolfspeed Inc                                                                   | CUSIP: 977852AB8<br>LEI: 549300OGU88P3AW3TO93 | Long             | DBT              | CORP              | US        |   1215000 | PA      | $546750.00    | 0.02%             | 2028-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                             | Matador Resources Co                                                            | CUSIP: 576485AH9<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |  20420000 | PA      | $20515953.58  | 0.77%             | 2033-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CYBERARK SOFTWARE LTD                            | CyberArk Software Ltd                                                           | CUSIP: 23248VAC9<br>LEI: 529900YEXNDM894PWS93 | Long             | DBT              | CORP              | IL        |   1200000 | PA      | $1332477.74   | 0.05%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                         | Citigroup Global Markets Holdings Inc/United States                             | CUSIP: 17332B504<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |      4785 | PA      | $3403563.98   | 0.13%             | 2025-10-15      | Fixed         | 20.67%                | No            |                  2 | On Loan: No      |
| Island Finance Trust 2025-1                      | Island Finance Trust 2025-1                                                     | CUSIP: 463920AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    415000 | PA      | $422272.88    | 0.02%             | 2035-03-19      | Fixed         | 6.54%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRUST                 | WFRBS Commercial Mortgage Trust 2012-C10                                        | CUSIP: 92890NAX7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    675040 | PA      | $627794.22    | 0.02%             | 2045-12-15      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                              | Global Payments Inc                                                             | CUSIP: 37940XAU6<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   1123000 | PA      | $1027831.19   | 0.04%             | 2031-03-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| ZHENRO PROPERTIES GROUP                          | Zhenro Properties Group Ltd                                                     | CUSIP: 000000000<br>LEI: 549300I66TVJEL841P38 | Long             | DBT              | CORP              | KY        |   4535000 | PA      | $11156.10     | 0.00%             | 2026-01-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TURKIYE GOVERNMENT BOND                          | Turkiye Government Bond                                                         | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        | 779595000 | PA      | $18746152.18  | 0.70%             | 2026-02-18      | Fixed         | 37.00%                | No            |                  2 | On Loan: No      |
| Ascent Education Funding Trust                   | Ascent Education Funding Trust 2024-A                                           | CUSIP: 04362VAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    495000 | PA      | $511056.81    | 0.02%             | 2050-10-25      | Fixed         | 8.01%                 | No            |                  2 | On Loan: No      |
| Bundesschatzanweisungen                          | Bundesschatzanweisungen                                                         | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |  32300000 | PA      | $37833213.07  | 1.42%             | 2027-09-16      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC         | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RJQ8<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1070000 | PA      | $1101609.83   | 0.04%             | 2029-04-20      | Fixed         | 7.59%                 | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd        | Taiwan Semiconductor Manufacturing Co Ltd                                       | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      7912 | NS      | $2209742.48   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontier Issuer LLC                              | Frontier Issuer LLC                                                             | CUSIP: 35910EAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3675000 | PA      | $3830628.90   | 0.14%             | 2053-08-20      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                               | Seagate HDD Cayman                                                              | CUSIP: 81180WBL4<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |    231000 | PA      | $665280.00    | 0.02%             | 2028-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                      | Oracle Corp                                                                     | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   7985000 | PA      | $8028968.84   | 0.30%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Thunderbolt Aircraft Lease Limited/ US LLC       | Thunderbolt III Aircraft Lease Ltd                                              | CUSIP: 88607AAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    236408 | PA      | $232787.20    | 0.01%             | 2039-11-15      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                            | Micron Technology Inc                                                           | CUSIP: 595112CB7<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |  12400000 | PA      | $13191089.12  | 0.49%             | 2033-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Hilton Domestic Operating Company Inc            | Hilton Domestic Operating Company Inc 2023 Term Loan B4                         | CUSIP: 43289DAK9<br>LEI: 5493003EG7H0N1E4XV50 | Long             | LON              | CORP              | US        |   4583402 | PA      | $4586335.29   | 0.17%             | 2030-11-08      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds             | Chile Government International Bonds                                            | CUSIP: 168863DU9<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |  16140000 | PA      | $10018098.00  | 0.38%             | 2071-09-21      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Willis Engine Securitization Trust               | Willis Engine Structured Trust VI                                               | CUSIP: 97064GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7688665 | PA      | $7219583.62   | 0.27%             | 2046-05-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                        | Boeing Co/The                                                                   | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |  15485000 | PA      | $15470502.48  | 0.58%             | 2050-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                | Barclays Bank PLC                                                               | CUSIP: 06748N509<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |      6536 | PA      | $4361338.58   | 0.16%             | 2026-03-23      | Fixed         | 10.77%                | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                              | Ashtead Capital Inc                                                             | CUSIP: 04505AAA7<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   1530000 | PA      | $1583312.70   | 0.06%             | 2032-08-11      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                    | ZF North America Capital Inc                                                    | CUSIP: 98877DAD7<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   2055000 | PA      | $2080461.45   | 0.08%             | 2028-04-14      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Wingstop Funding LLC                             | Wingstop Funding LLC                                                            | CUSIP: 974153AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1990000 | PA      | $2061767.36   | 0.08%             | 2054-12-05      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| JBS USA SARL/FOOD/GRP                            | JBS USA LUX Sarl / JBS USA Food Co / JBS USA Foods Group                        | CUSIP: 472140AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2555000 | PA      | $2684033.50   | 0.10%             | 2035-04-20      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Kimberly-Clark Corp                              | Kimberly-Clark Corp                                                             | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     49484 | NS      | $6152840.56   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mortgage Trust                          | NYMT Loan Trust Series 2025-R1                                                  | CUSIP: 67120XAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    577249 | PA      | $578357.40    | 0.02%             | 2030-02-25      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                   | Var Energi ASA                                                                  | CUSIP: 92212WAE0<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |   1475000 | PA      | $1711797.30   | 0.06%             | 2032-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Ryan LLC                                         | Ryan LLC Term Loan                                                              | CUSIP: 78350LAZ8<br>LEI: 549300TG86D8HZC6TE67 | Long             | LON              | CORP              | US        |   7475554 | PA      | $7484898.49   | 0.28%             | 2030-11-14      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Industries Ltd               | Teva Pharmaceutical Industries Ltd                                              | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             | EC               | CORP              | IL        |    176992 | NS      | $3575238.40   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NCL CORPORATION LTD                              | NCL Corp Ltd                                                                    | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   4060000 | PA      | $4175432.26   | 0.16%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US 10YR ULTRA FUT DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |     -3463 | NC      | $-4322686.29  | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| JAZZ INVESTMENTS I LTD                           | Jazz Investments I Ltd                                                          | CUSIP: 472145AH4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    892000 | PA      | $1058358.00   | 0.04%             | 2030-09-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                | Barclays Bank PLC                                                               | CUSIP: 06748N426<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |     16162 | PA      | $3923855.02   | 0.15%             | 2026-01-29      | Fixed         | 13.42%                | No            |                  2 | On Loan: No      |
| Gryphon Acquire Newco, LLC                       | GRYPHON ACQUIRE NEWCO LLC TERM LOAN B                                           | CUSIP: 40054QAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9005000 | PA      | $9024720.95   | 0.34%             | 2032-09-13      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| Booking Holdings Inc                             | Booking Holdings Inc                                                            | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       467 | NS      | $2521459.09   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Holdings Intermediate, LLC               | Alliant Holdings Intermediate LLC 2025 Term Loan B                              | CUSIP: 01881UAN5<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |  10796255 | PA      | $10764945.76  | 0.40%             | 2031-09-19      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| CENTRAL CHN REAL ESTATE                          | Central China Real Estate Ltd                                                   | CUSIP: 000000000<br>LEI: 549300JDML9PYG0CIJ22 | Long             | DBT              | CORP              | KY        |   4720000 | PA      | $125882.40    | 0.00%             | 2024-07-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Merck & Co Inc                                   | Merck & Co Inc                                                                  | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     83074 | NS      | $6972400.82   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| MERITAGE HOMES CORP                              | Meritage Homes Corp                                                             | CUSIP: 59001ABG6<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |   9610000 | PA      | $9757700.13   | 0.37%             | 2035-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                         | Citigroup Global Markets Holdings Inc/United States                             | CUSIP: 17332B363<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |     32150 | PA      | $3718069.63   | 0.14%             | 2026-02-11      | Fixed         | 11.83%                | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                         | Uruguay Government International Bond                                           | CUSIP: 000000000<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        | 293070000 | PA      | $7463966.90   | 0.28%             | 2028-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Colgate-Palmolive Co                             | Colgate-Palmolive Co                                                            | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     55272 | NS      | $4418443.68   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Cemex SAB de CV                                  | Cemex SAB de CV                                                                 | CUSIP: 151290889<br>LEI: 549300RIG2CXWN6IV731 | Long             | EC               | CORP              | MX        |    148908 | NS      | $1338682.92   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                          | Teva Pharmaceutical Finance Netherlands III BV                                  | CUSIP: 88167AAT8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    685000 | PA      | $713417.91    | 0.03%             | 2032-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SEA LTD                                          | Sea Ltd                                                                         | CUSIP: 81141RAF7<br>LEI: 529900OM6JLLW44YKI15 | Long             | DBT              | CORP              | KY        |    299000 | PA      | $590375.50    | 0.02%             | 2025-12-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| SNOWFLAKE INC                                    | Snowflake Inc                                                                   | CUSIP: 833445AD1<br>LEI: 254900CJNSY1K7T53Z16 | Long             | DBT              | CORP              | US        |    738000 | PA      | $1155339.00   | 0.04%             | 2029-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IQOR US Inc.                                     | IQOR US Inc.                                                                    | CUSIP: 942AEX002<br>LEI: 549300LKMK4MMQCMDH78 | Long             | EC               | CORP              | US        |     23768 | NS      | $35652.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ANTARES HOLDINGS                                 | Antares Holdings LP                                                             | CUSIP: 03666HAD3<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |    495000 | PA      | $479704.95    | 0.02%             | 2027-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| (Sunnova) Aurora I Issuer, LLC                   | Sunnova Helios V Issuer LLC                                                     | CUSIP: 86746EAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1223475 | PA      | $629439.89    | 0.02%             | 2048-02-20      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| SPOTIFY USA INC                                  | Spotify USA Inc                                                                 | CUSIP: 84921RAB6<br>LEI: 2138008WM218QBKRII94 | Long             | DBT              | CORP              | US        |    277000 | PA      | $378520.50    | 0.01%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                          | Teva Pharmaceutical Finance Netherlands III BV                                  | CUSIP: 88167AAQ4<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   8725000 | PA      | $8771355.31   | 0.33%             | 2029-05-09      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bonds              | Oman Government International Bonds                                             | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    925000 | PA      | $974732.37    | 0.04%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY GROUP LLC                         | Ryan Specialty Group LLC 2024 USD Term Loan B                                   | CUSIP: 78350UAJ4<br>LEI: 549300K52N7QBO3PYY45 | Long             | LON              | CORP              | US        |    940890 | PA      | $940598.32    | 0.04%             | 2031-09-15      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                         | Madison Park Funding XXXI Ltd                                                   | CUSIP: 55819DBG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    990000 | PA      | $997721.01    | 0.04%             | 2037-07-23      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| Frontier Issuer LLC                              | Frontier Issuer LLC                                                             | CUSIP: 35910EAP9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6080000 | PA      | $6822126.62   | 0.26%             | 2054-06-20      | Fixed         | 11.16%                | No            |                  2 | On Loan: No      |
| Altice USA Inc                                   | Altice USA Inc                                                                  | CUSIP: 02156K103<br>LEI: 54930064K3612MGCER95 | Long             | EC               | CORP              | US        |   1317588 | NS      | $3175387.08   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CSC Holdings LLC                                 | CSC Holdings LLC 2022 Term Loan B6                                              | CUSIP: 64072UAM4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |   1429324 | PA      | $1419218.39   | 0.05%             | 2028-01-18      | Floating      | 8.65%                 | No            |                  2 | On Loan: No      |
| MetroNet Infrastructure Issuer LLC               | MetroNet Infrastructure Issuer LLC                                              | CUSIP: 59170JBB3<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1220127.60   | 0.05%             | 2055-08-20      | Fixed         | 7.83%                 | No            |                  2 | On Loan: No      |
| China Evergrande Group                           | China Evergrande Group                                                          | CUSIP: 000000000<br>LEI: 549300CUF7B1LAB15T90 | Long             | DBT              | CORP              | KY        |   1800000 | PA      | $28872.00     | 0.00%             | 2022-03-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Trust                  | CoreVest American Finance 2021-3 Trust                                          | CUSIP: 21873NAL3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1510000 | PA      | $1358717.03   | 0.05%             | 2054-10-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                | Barclays Bank PLC                                                               | CUSIP: 06748N889<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |     34832 | PA      | $4002199.62   | 0.15%             | 2026-01-20      | Fixed         | 16.14%                | No            |                  2 | On Loan: No      |
| SEB Funding LLC                                  | SEB Funding LLC                                                                 | CUSIP: 78433DAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3195000 | PA      | $3267540.24   | 0.12%             | 2054-04-30      | Fixed         | 7.39%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                    | Carnival Corp                                                                   | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   6880000 | PA      | $7024383.68   | 0.26%             | 2030-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AGILE GROUP HOLDINGS LTD                         | Agile Group Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 549300ZRISRT38EEYY07 | Long             | DBT              | CORP              | KY        |   1120000 | PA      | $63403.20     | 0.00%             | 2026-05-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Kapitus Asset Securitization LLC                 | Kapitus Asset Securitization V LLC                                              | CUSIP: 48555NAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2705000 | PA      | $2724186.57   | 0.10%             | 2032-04-10      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| CKE Restaurants Holdings Inc                     | Hardee's Funding LLC                                                            | CUSIP: 411707AM4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    502350 | PA      | $520227.98    | 0.02%             | 2054-03-20      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust                      | SBNA Auto Receivables Trust 2024-A                                              | CUSIP: 78437PAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    240000 | PA      | $247649.52    | 0.01%             | 2030-04-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Light and Wonder International, Inc.             | Light and Wonder International Inc 2024 Term Loan B2                            | CUSIP: 80875AAW1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | LON              | CORP              | US        |    646829 | PA      | $647236.36    | 0.02%             | 2029-04-14      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| CFLD CAYMAN INVESTMENT                           | CFLD Cayman Investment Ltd                                                      | CUSIP: 000000000<br>LEI: 3003006ZC30FH27GHL08 | Long             | DBT              | CORP              | KY        |   8274825 | PA      | $248244.75    | 0.01%             | 2031-01-31      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                    | ZF North America Capital Inc                                                    | CUSIP: 98877DAF2<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   2080000 | PA      | $2029828.94   | 0.08%             | 2030-04-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co                          | Bristol-Myers Squibb Co                                                         | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     70670 | NS      | $3187217.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| GS Mortgage Securities Trust                     | GS Mortgage Securities Trust 2014-GC22                                          | CUSIP: 36253BAZ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $779865.12    | 0.03%             | 2047-06-10      | Variable      | 4.39%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FNC NL II                             | Teva Pharmaceutical Finance Netherlands II BV                                   | CUSIP: 000000000<br>LEI: 549300HSQCIKJAOYIT23 | Long             | DBT              | CORP              | NL        |   3990000 | PA      | $5615077.82   | 0.21%             | 2031-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| AASET 2021-2 Trust                               | Aaset 2021-2 Trust                                                              | CUSIP: 00258BAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2182700 | PA      | $2068036.55   | 0.08%             | 2047-01-15      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| MAKEMYTRIP LIMITED                               | MakeMyTrip Ltd                                                                  | CUSIP: 56087FAC8<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | DBT              | CORP              | MU        |    854000 | PA      | $881695.31    | 0.03%             | 2030-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARDONAGH MIDCO 3 PLC                             | Ardonagh Midco 3 PLC 2024 USD Term Loan B                                       | CUSIP: 000000000<br>LEI: 254900YP2E642AGM4G32 | Long             | LON              | CORP              | AU        |  13840450 | PA      | $13759760.18  | 0.52%             | 2031-02-15      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| CITADEL LP                                       | Citadel LP                                                                      | CUSIP: 17288XAC8<br>LEI: 549300IPM6EKPVUPFL67 | Long             | DBT              | CORP              | US        |   1085000 | PA      | $1148380.51   | 0.04%             | 2032-01-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                            | Uber Technologies Inc                                                           | CUSIP: 90353TAM2<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    587000 | PA      | $862890.00    | 0.03%             | 2028-12-01      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| TIMES CHINA HLDG LTD                             | Times China Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 2549000KTINB9ZPZP710 | Long             | DBT              | CORP              | KY        |    720000 | PA      | $23400.00     | 0.00%             | 2027-01-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc                              | Gilead Sciences Inc                                                             | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     36081 | NS      | $4004991.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic of South Africa                         | Republic of South Africa Government Bond                                        | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        | 809770000 | PA      | $42908184.19  | 1.61%             | 2040-01-31      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY                                   | Ryan Specialty LLC                                                              | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |   3635000 | PA      | $3675661.11   | 0.14%             | 2032-08-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                          | Dell International LLC / EMC Corp                                               | CUSIP: 24703DBU4<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |   4790000 | PA      | $4763282.19   | 0.18%             | 2036-02-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                            | Civitas Resources Inc                                                           | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   3010000 | PA      | $3083778.20   | 0.12%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                    | EchoStar Corp                                                                   | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |  23075671 | PA      | $23789863.02  | 0.89%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CIFI HOLDINGS GROUP                              | CIFI Holdings Group Co Ltd                                                      | CUSIP: 000000000<br>LEI: 549300WGKSV867C0JF48 | Long             | DBT              | CORP              | KY        |   4060000 | PA      | $397068.00    | 0.01%             | 2026-08-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DC Commercial Mortgage Trust                     | DC Commercial Mortgage Trust 2023-DC                                            | CUSIP: 24023AAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3755000 | PA      | $3896308.16   | 0.15%             | 2040-09-12      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** LOOMIS SAYLES FUNDS II

**Signature:** John Sgroi

**Name of Signer:** John Sgroi

**Title:** Assistant Treasurer