# EDGAR Filing Document

**Accession Number:** 0001592900
**File Stem:** 0001145549-25-051781
**Filing Date:** 2025-8
**Character Count:** 169394
**Document Hash:** 98f3ffe538bfd29b0cb5b9828c5d225d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-051781.hdr.sgml**: 20250819

**ACCESSION NUMBER**: 0001145549-25-051781

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250819

**DATE AS OF CHANGE**: 20250819

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EA Series Trust
- **CENTRAL INDEX KEY:** 0001592900

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22961
- **FILM NUMBER:** 251233073

**BUSINESS ADDRESS:**
- **STREET 1:** 3803 WEST CHESTER PIKE, SUITE 150
- **CITY:** NEWTOWN SQUARE
- **STATE:** PA
- **ZIP:** 19073
- **BUSINESS PHONE:** 1.215.882.9983

**MAIL ADDRESS:**
- **STREET 1:** 3803 WEST CHESTER PIKE, SUITE 150
- **CITY:** NEWTOWN SQUARE
- **STATE:** PA
- **ZIP:** 19073

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Alpha Architect ETF Trust
- **DATE OF NAME CHANGE:** 20140428

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Empowered Funds ETF Trust
- **DATE OF NAME CHANGE:** 20131125

## Series and Classes Contracts Data

### Strive Enhanced Income Short Maturity ETF (Series ID: S000080333)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000242671 | Strive Enhanced Income Short Maturity ETF | BUXX            |

## Nport-Ex

---

| |
|:---|
| **Strive Enhanced Income Short Maturity ETF** |
| **Schedule of Investments** |
| **June 30, 2025** |

---

---

| | | |
|:---|:---|:---|
| **ASSET-BACKED SECURITIES - 28.4%<sup>(a)</sup>** | **Par** | **Value** |
| ACHV ABS Trust | ACHV ABS Trust |  |
| &nbsp;&nbsp; Series 2023-1PL, Class D, 8.47%, 03/18/2030 <sup>(b)</sup> | $535603 | 541826 |
| &nbsp;&nbsp; Series 2023-3PL, Class C, 7.35%, 08/19/2030 <sup>(b)</sup> | 32752 | 32798 |
| &nbsp;&nbsp; Series 2023-3PL, Class D, 8.36%, 08/19/2030 <sup>(b)</sup> | 1000000 | 1015809 |
| &nbsp;&nbsp; Series 2024-1PL, Class C, 6.42%, 04/25/2031 <sup>(b)</sup> | 129086 | 130241 |
| &nbsp;&nbsp; Series 2024-2PL, Class B, 5.43%, 10/27/2031 <sup>(b)</sup> | 234431 | 235951 |
| &nbsp;&nbsp; Series 2024-3AL, Class C, 5.68%, 12/26/2031 <sup>(b)</sup> | 681926 | 683277 |
|  ACHV ABS TRUST, Series 2024-2PL, Class C, 5.72%, 10/27/2031 <sup>(b)</sup> | 2194175 | 2201638 |
| Affirm, Inc. | Affirm, Inc. |  |
| &nbsp;&nbsp; Series 2023-B, Class 1B, 7.44%, 09/15/2028 <sup>(b)</sup> | 300000 | 301356 |
| &nbsp;&nbsp; Series 2025-1A, Class B, 5.13%, 02/15/2033 <sup>(b)</sup> | 1000000 | 1007051 |
| American Credit Acceptance Receivables Trust | American Credit Acceptance Receivables Trust |  |
| &nbsp;&nbsp; Series 2022-4, Class D, 8.00%, 02/15/2029 <sup>(b)</sup> | 1182034 | 1196724 |
| &nbsp;&nbsp; Series 2023-1, Class D, 6.35%, 04/12/2029 <sup>(b)</sup> | 1790000 | 1810636 |
| &nbsp;&nbsp; Series 2023-3, Class D, 6.82%, 10/12/2029 <sup>(b)</sup> | 3700000 | 3778460 |
| &nbsp;&nbsp; Series 2023-4, Class C, 6.99%, 09/12/2030 <sup>(b)</sup> | 1350000 | 1367158 |
| Avis Budget Car Rental LLC | Avis Budget Car Rental LLC |  |
| &nbsp;&nbsp; Series 2020-2A, Class B, 2.96%, 02/20/2027 <sup>(b)</sup> | 500000 | 495554 |
| &nbsp;&nbsp; Series 2020-2A, Class C, 4.25%, 02/20/2027 <sup>(b)</sup> | 400000 | 397646 |
| &nbsp;&nbsp; Series 2021-1A, Class A, 1.38%, 08/20/2027 <sup>(b)</sup> | 1207000 | 1172646 |
| &nbsp;&nbsp; Series 2021-1A, Class C, 2.13%, 08/20/2027 <sup>(b)</sup> | 460000 | 446213 |
| &nbsp;&nbsp; Series 2022-5A, Class B, 7.09%, 04/20/2027 <sup>(b)</sup> | 1000000 | 1011817 |
|  BOF URSA Funding Trust, Series 2023-CAR2, Class A2, 5.54%, 10/27/2031 <sup>(b)</sup> | 385991 | 387735 |
|  Cherry Securitization Trust, Series 2025-1A, Class A, 6.13%, 11/15/2032 <sup>(b)</sup> | 500000 | 505478 |
|  COOPR Residential Mortgage Trust, Series 2025-CES1, Class A1A, 5.65%, 05/25/2060 <sup>(b)(c)</sup> | 491994 | 495302 |
|  CPS Auto Trust, Series 2022-D, Class D, 8.73%, 01/16/2029 <sup>(b)</sup> | 605000 | 631066 |
|  DT Auto Owner Trust, Series 2022-2A, Class D, 5.46%, 03/15/2028 <sup>(b)</sup> | 2000000 | 2003187 |
| Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust |  |
| &nbsp;&nbsp; Series 2022-3A, Class D, 6.76%, 09/15/2028 | 800000 | 812482 |
| &nbsp;&nbsp; Series 2023-3A, Class D, 6.68%, 04/16/2029 | 1000000 | 1021559 |
| FIGRE Trust 2023-HE1 | FIGRE Trust 2023-HE1 |  |
| &nbsp;&nbsp; Series 2024-HE6, Class A, 5.72%, 12/25/2054 <sup>(b)(d)</sup> | 892949 | 907264 |
| &nbsp;&nbsp; Series 2024-SL1, Class A1, 5.75%, 07/25/2053 <sup>(b)(d)</sup> | 2434389 | 2484347 |
|  FIGRE Trust 2024-HE3, Series 2024-HE3, Class A, 5.94%, 07/25/2054 <sup>(b)(d)</sup> | 803723 | 818253 |
| Flagship Credit Auto Trust | Flagship Credit Auto Trust |  |
| &nbsp;&nbsp; Series 2021-3, Class D, 1.65%, 09/15/2027 <sup>(b)</sup> | 78000 | 74922 |
| &nbsp;&nbsp; Series 2021-4, Class D, 2.26%, 12/15/2027 <sup>(b)</sup> | 116000 | 109509 |
| FREED ABS Trust | FREED ABS Trust |  |
| &nbsp;&nbsp; Series 2021-3FP, Class D, 2.37%, 11/20/2028 <sup>(b)</sup> | 30344 | 30216 |
| &nbsp;&nbsp; Series 2022-3FP, Class D, 7.36%, 08/20/2029 <sup>(b)</sup> | 265643 | 267206 |
| &nbsp;&nbsp; Series 2022-4FP, Class D, 7.40%, 12/18/2029 <sup>(b)</sup> | 628328 | 632685 |
|  Frontier Communications Parent, Inc., Series 2023-1, Class A2, 6.60%, 08/20/2053 <sup>(b)</sup> | 1000000 | 1016386 |
|  GLS Auto Receivables Trust, Series 2022-3A, Class D, 6.42%, 06/15/2028 <sup>(b)</sup> | 2000000 | 2028483 |
|  GS Mortgage-Backed Securities Trust, Series 2024-HE2, Class A1, 5.81% (30 day avg SOFR US + 1.50%), 01/25/2055 <sup>(b)</sup> | 1238770 | 1242879 |
|  Hertz Corp., Series 2021-2A, Class C, 2.52%, 12/27/2027 <sup>(b)</sup> | 500000 | 479719 |
|  Lendbuzz Securitization Trust, Series 2024-3A, Class A2, 4.97%, 10/15/2029 <sup>(b)</sup> | 489960 | 490618 |
| Lobel Automobile Receivables Trust | Lobel Automobile Receivables Trust |  |
| &nbsp;&nbsp; Series 2023-1, Class C, 8.31%, 10/16/2028 <sup>(b)</sup> | 250000 | 252657 |
| &nbsp;&nbsp; Series 2023-1, Class D, 8.00%, 03/15/2030 <sup>(b)</sup> | 1516000 | 1543843 |
| Marlette Funding Trust | Marlette Funding Trust |  |
| &nbsp;&nbsp; Series 2021-3A, Class C, 1.81%, 12/15/2031 <sup>(b)</sup> | 4306 | 4301 |
| &nbsp;&nbsp; Series 2022-3A, Class C, 6.89%, 11/15/2032 <sup>(b)</sup> | 772630 | 775339 |
| &nbsp;&nbsp; Series 2023-1A, Class C, 7.20%, 04/15/2033 <sup>(b)</sup> | 2862000 | 2884502 |
| &nbsp;&nbsp; Series 2023-3A, Class C, 7.06%, 09/15/2033 <sup>(b)</sup> | 600000 | 605656 |
|  Octane Receivables Trust, Series 2022-2A, Class D, 7.70%, 02/20/2030 <sup>(b)</sup> | 1000000 | 1030997 |
| Oportun Financial Corp. | Oportun Financial Corp. |  |
| &nbsp;&nbsp; Series 2022-A, Class B, 5.25%, 06/09/2031 <sup>(b)</sup> | 1400000 | 1400682 |
| &nbsp;&nbsp; Series 2024-2, Class A, 5.86%, 02/09/2032 <sup>(b)</sup> | 169415 | 169630 |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust |  |
| &nbsp;&nbsp; Series 2021-HG1, Class B, 1.82%, 01/16/2029 <sup>(b)</sup> | 57453 | 56571 |
| &nbsp;&nbsp; Series 2022-5, Class A, 8.10%, 06/17/2030 <sup>(b)</sup> | 10277 | 10312 |
| &nbsp;&nbsp; Series 2023-3, Class B, 9.57%, 12/16/2030 <sup>(b)</sup> | 813526 | 818191 |
| &nbsp;&nbsp; Series 2023-5, Class C, 9.10%, 04/15/2031 <sup>(b)</sup> | 380540 | 382143 |
| &nbsp;&nbsp; Series 2023-7, Class ABC, 8.58%, 07/15/2031 <sup>(b)(d)</sup> | 288084 | 289779 |
| &nbsp;&nbsp; Series 2023-7, Class C, 8.80%, 07/15/2031 <sup>(b)</sup> | 499814 | 504978 |
| &nbsp;&nbsp; Series 2023-8, Class A, 7.30%, 06/16/2031 <sup>(b)</sup> | 127 | 129 |
| &nbsp;&nbsp; Series 2023-8, Class B, 7.96%, 06/16/2031 <sup>(b)</sup> | 1888237 | 1927454 |
| &nbsp;&nbsp; Series 2023-8, Class C, 9.54%, 06/16/2031 <sup>(b)</sup> | 1716306 | 1761579 |
| &nbsp;&nbsp; Series 2024-1, Class B, 7.11%, 07/15/2031 <sup>(b)</sup> | 564443 | 569203 |
| &nbsp;&nbsp; Series 2024-1, Class C, 8.34%, 07/15/2031 <sup>(b)</sup> | 448537 | 454730 |
| &nbsp;&nbsp; Series 2024-10, Class C, 5.99%, 06/15/2032 <sup>(b)</sup> | 999915 | 1002162 |
| &nbsp;&nbsp; Series 2024-11, Class B, 5.64%, 07/15/2032 <sup>(b)</sup> | 1999770 | 2006533 |
| &nbsp;&nbsp; Series 2024-2, Class B, 6.61%, 08/15/2031 <sup>(b)</sup> | 540195 | 545204 |
| &nbsp;&nbsp; Series 2024-3, Class A, 6.26%, 10/15/2031 <sup>(b)</sup> | 196898 | 198252 |
| &nbsp;&nbsp; Series 2024-3, Class B, 6.57%, 10/15/2031 <sup>(b)</sup> | 846752 | 853664 |
| &nbsp;&nbsp; Series 2024-5, Class B, 6.60%, 10/15/2031 <sup>(b)</sup> | 684269 | 691746 |
| &nbsp;&nbsp; Series 2024-8, Class C, 6.03%, 01/15/2032 <sup>(b)</sup> | 374542 | 375960 |
| &nbsp;&nbsp; Series 2024-8, Class D, 6.53%, 01/15/2032 <sup>(b)</sup> | 596264 | 599182 |
| &nbsp;&nbsp; Series 2024-9, Class D, 6.17%, 03/15/2032 <sup>(b)</sup> | 400237 | 400369 |
| &nbsp;&nbsp; Series 2025-1, Class B, 5.63%, 07/15/2032 <sup>(b)</sup> | 999915 | 1005716 |
| &nbsp;&nbsp; Series 2025-1, Class C, 5.87%, 07/15/2032 <sup>(b)</sup> | 499957 | 502850 |
| &nbsp;&nbsp; Series 2025-3, Class A2, 5.37%, 12/15/2032 <sup>(b)</sup> | 500000 | 500885 |
| &nbsp;&nbsp; Series 2025-3, Class B, 6.06%, 12/15/2032 <sup>(b)</sup> | 500000 | 510252 |
| &nbsp;&nbsp; Series 2025-4, Class A2, 5.37%, 01/17/2033 <sup>(b)</sup> | 1500000 | 1509238 |
| &nbsp;&nbsp; Series 2025-4, Class B, 5.69%, 01/17/2033 <sup>(b)</sup> | 1000000 | 1008612 |
| &nbsp;&nbsp; Series 2025-4, Class C, 6.15%, 01/17/2033 <sup>(b)</sup> | 1000000 | 1009961 |
| &nbsp;&nbsp; Series 2025-R1, Class A2, 5.34%, 06/15/2032 <sup>(b)</sup> | 1000000 | 1003261 |
| &nbsp;&nbsp; Series 2025-R1, Class B, 5.71%, 06/15/2032 <sup>(b)</sup> | 1000000 | 1007885 |
| Pagaya Technologies Ltd. | Pagaya Technologies Ltd. |  |
| &nbsp;&nbsp; Series 2025-1, Class A, 5.72%, 01/20/2034 <sup>(b)</sup> | 1200000 | 1207885 |
| &nbsp;&nbsp; Series 2025-1, Class C, 6.30%, 01/20/2034 <sup>(b)</sup> | 750000 | 756449 |
|  Prestige Auto Receivables Trust, Series 2025-1A, Class B, 5.34%, 11/15/2028 <sup>(b)</sup> | 2000000 | 2010669 |
| Prosper Marketplace Issuance Trust | Prosper Marketplace Issuance Trust |  |
| &nbsp;&nbsp; Series 2023-1A, Class B, 7.48%, 07/16/2029 <sup>(b)</sup> | 120133 | 120331 |
| &nbsp;&nbsp; Series 2023-1A, Class C, 8.29%, 07/16/2029 <sup>(b)</sup> | 600000 | 606577 |
| PRPM LLC | PRPM LLC |  |
| &nbsp;&nbsp; Series 2024-4, Class A1, 6.41%, 08/25/2029 <sup>(b)(c)</sup> | 872601 | 886915 |
| &nbsp;&nbsp; Series 2024-RCF1, Class A1, 4.00%, 01/25/2054 <sup>(b)(c)</sup> | 811508 | 797022 |
|  Purchasing Power Funding, Series 2024-A, Class B, 6.43%, 08/15/2028 <sup>(b)</sup> | 400000 | 402913 |
| Reach Financial LLC | Reach Financial LLC |  |
| &nbsp;&nbsp; Series 2021-1A, Class C, 3.54%, 05/15/2029 <sup>(b)</sup> | 59403 | 59153 |
| &nbsp;&nbsp; Series 2022-2A, Class C, 8.40%, 05/15/2030 <sup>(b)</sup> | 55359 | 55431 |
| &nbsp;&nbsp; Series 2024-1A, Class B, 6.29%, 02/18/2031 <sup>(b)</sup> | 500000 | 505634 |
| Research-Driven Pagaya Motor Asset Trust | Research-Driven Pagaya Motor Asset Trust |  |
| &nbsp;&nbsp; Series 2023-3A, Class A, 7.13%, 01/26/2032 <sup>(b)</sup> | 93835 | 94185 |
| &nbsp;&nbsp; Series 2023-4A, Class A, 7.54%, 03/25/2032 <sup>(b)</sup> | 106881 | 107675 |
| &nbsp;&nbsp; Series 2025-3A, Class A2, 5.15%, 02/27/2034 <sup>(b)</sup> | 2000000 | 2010989 |
|  SAFCO Auto Receivables Trust, Series 2024-1A, Class B, 6.31%, 11/20/2028 <sup>(b)</sup> | 250000 | 250489 |
|  Saluda Grade Mortgage Funding LLC, Series 2023-FIG4, Class A, 6.72%, 11/25/2053 <sup>(b)(d)</sup> | 367151 | 379572 |
|  Sotheby's Artfi Master Trust, Series 2024-1A, Class A1, 6.43%, 12/22/2031 <sup>(b)</sup> | 1312000 | 1323354 |
|  Strike Acceptance Auto Funding Trust, Series 2025-1A, Class A, 5.84%, 04/15/2032 <sup>(b)</sup> | 852445 | 852915 |
|  Theorem Funding Trust, Series 2022-2A, Class B, 9.27%, 12/15/2028 <sup>(b)</sup> | 1500000 | 1519641 |
|  Tricolor Auto Securitization Trust, Series 2024-3A, Class B, 5.36%, 09/15/2028 <sup>(b)</sup> | 2000000 | 2005359 |
|  Upgrade Master Pass-Thru Trust, Series 2025-ST4, Class A, 5.50%, 08/16/2032 <sup>(b)(e)</sup> | 1000000 | 1000000 |
|  Upstart Pass-Through Trust Series, Series 2022-ST3, Class A, 4.30%, 05/20/2030 <sup>(b)</sup> | 111959 | 111213 |
| Upstart Securitization Trust | Upstart Securitization Trust |  |
| &nbsp;&nbsp; Series 2021-2, Class C, 3.61%, 06/20/2031 <sup>(b)</sup> | 126831 | 126190 |
| &nbsp;&nbsp; Series 2024-1, Class A, 5.33%, 11/20/2034 <sup>(b)</sup> | 897915 | 899578 |
|  Upstart Structured Pass-Through Trust, Series 2022-4A, Class B, 8.54%, 11/15/2030 <sup>(b)</sup> | 252950 | 254569 |
|  Veros Automobile Receivables Trust, Series 2023-1, Class A, 7.12%, 11/15/2028 <sup>(b)</sup> | 39286 | 39338 |
|  Verus Securitization Trust, Series 2025-4, Class A3, 5.75%, 05/25/2070 <sup>(b)(c)</sup> | 1633064 | 1647149 |
| Vista Point Securitization Trust | Vista Point Securitization Trust |  |
| &nbsp;&nbsp; Series 2024-CES2, Class A1, 5.25%, 10/25/2054 <sup>(b)(c)</sup> | 419096 | 419817 |
| &nbsp;&nbsp; Series 2024-CES3, Class A1, 5.68%, 01/25/2055 <sup>(b)(c)</sup> | 1841078 | 1859766 |
| &nbsp;&nbsp; Series 2025-CES1, Class A1, 5.81%, 04/25/2055 <sup>(b)(c)</sup> | 2889286 | 2927468 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $89,321,275) | **TOTAL ASSET-BACKED SECURITIES** (Cost $89,321,275) | 89678751 |
| **CORPORATE BONDS - 26.4%** | **Par** | **Value** |
| **<u>Communication Services</u> - 0.4%** | **<u>Communication Services</u> - 0.4%** |  |
| **Wireless Telecommunication Services - 0.4%** | **Wireless Telecommunication Services - 0.4%** |  |
|  Sprint LLC, 7.63%, 03/01/2026 | 1260000 | 1272191 |
| **<u>Consumer Discretionary</u> - 4.5%** | **<u>Consumer Discretionary</u> - 4.5%** |  |
| **Apparel, Accessories & Luxury Goods - 0.2%** | **Apparel, Accessories & Luxury Goods - 0.2%** |  |
|  PVH Corp., 4.63%, 07/10/2025 | 750000 | 749877 |
| **Automotive - 1.0%** | **Automotive - 1.0%** |  |
|  Ford Motor Credit Co. LLC, 2.90%, 02/16/2028 | 1650000 | 1547784 |
|  General Motors Financial Co., Inc., 2.40%, 04/10/2028 | 1650000 | 1552759 |
|  |  | 3100543 |
| **Automotive Parts & Equipment - 0.5%** | **Automotive Parts & Equipment - 0.5%** |  |
|  BorgWarner, Inc., 2.65%, 07/01/2027 | 1600000 | 1548457 |
| **Automotive Retail - 0.2%** | **Automotive Retail - 0.2%** |  |
|  AutoNation, Inc., 4.50%, 10/01/2025 | 750000 | 749698 |
| **Financial Services - 0.2%** | **Financial Services - 0.2%** |  |
|  Block Financial LLC, 5.25%, 10/01/2025 | 600000 | 600201 |
| **Homebuilding - 0.9%** | **Homebuilding - 0.9%** |  |
|  Meritage Homes Corp., 5.13%, 06/06/2027 | 1200000 | 1214561 |
|  Toll Brothers Finance Corp., 4.88%, 03/15/2027 | 1600000 | 1605960 |
|  |  | 2820521 |
| **Hotels, Resorts & Cruise Lines - 0.5%** | **Hotels, Resorts & Cruise Lines - 0.5%** |  |
|  Royal Caribbean Cruises Ltd., 4.25%, 07/01/2026 <sup>(b)</sup> | 1600000 | 1592951 |
| **Leisure Products - 0.5%** | **Leisure Products - 0.5%** |  |
|  Mattel, Inc., 3.38%, 04/01/2026 <sup>(b)</sup> | 1500000 | 1481602 |
| **Passenger Airlines - 0.5%** | **Passenger Airlines - 0.5%** |  |
|  United Airlines, Inc., 4.38%, 04/15/2026 <sup>(b)</sup> | 1550000 | 1540722 |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | 14184572 |
| **<u>Consumer Staples</u> - 0.7%** | **<u>Consumer Staples</u> - 0.7%** |  |
| **Food & Beverage - 0.4%** | **Food & Beverage - 0.4%** |  |
|  JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co. Sarl, 5.13%, 02/01/2028 | 1100000 | 1124981 |
| **Packaged Foods & Meats - 0.3%** | **Packaged Foods & Meats - 0.3%** |  |
|  Conagra Brands, Inc., 1.38%, 11/01/2027 | 1150000 | 1073482 |
| **Total Consumer Staples** | **Total Consumer Staples** | 2198463 |
| **<u>Energy</u> - 3.0%** | **<u>Energy</u> - 3.0%** |  |
| **Integrated Oil & Gas - 0.5%** | **Integrated Oil & Gas - 0.5%** |  |
|  Occidental Petroleum Corp., 3.20%, 08/15/2026 | 1700000 | 1667956 |
| **Oil & Gas Exploration & Production - 1.5%** | **Oil & Gas Exploration & Production - 1.5%** |  |
|  Continental Resources, Inc., 2.27%, 11/15/2026 <sup>(b)</sup> | 1700000 | 1643384 |
| EQT Corp. | EQT Corp. |  |
| &nbsp;&nbsp; 3.13%, 05/15/2026 <sup>(b)</sup> | 879000 | 865635 |
| &nbsp;&nbsp; 3.90%, 10/01/2027 | 821000 | 810362 |
|  Ovintiv, Inc., 5.38%, 01/01/2026 | 1400000 | 1401340 |
|  |  | 4720721 |
| **Oil & Gas Storage & Transportation - 0.8%** | **Oil & Gas Storage & Transportation - 0.8%** |  |
| ONEOK, Inc. | ONEOK, Inc. |  |
| &nbsp;&nbsp; 5.00%, 03/01/2026 | 1200000 | 1201066 |
| &nbsp;&nbsp; 4.85%, 07/15/2026 | 200000 | 200414 |
|  Western Midstream Operating LP, 4.75%, 08/15/2028 | 1150000 | 1149903 |
|  |  | 2551383 |
| **Oil, Gas & Consumable Fuels - 0.2%** | **Oil, Gas & Consumable Fuels - 0.2%** |  |
|  Targa Resources Partners LP / Targa Resources Partners Finance Corp., 6.50%, 07/15/2027 | 560000 | 560376 |
| **Total Energy** | **Total Energy** | 9500436 |
| **<u>Financials</u> - 7.4%** | **<u>Financials</u> - 7.4%** |  |
| **Asset Management & Custody Banks - 0.5%** | **Asset Management & Custody Banks - 0.5%** |  |
| Ares Capital Corp. | Ares Capital Corp. |  |
| &nbsp;&nbsp; 3.25%, 07/15/2025 | 750000 | 749549 |
| &nbsp;&nbsp; 7.00%, 01/15/2027 | 950000 | 980529 |
|  |  | 1730078 |
| **Automotive Retail - 0.2%** | **Automotive Retail - 0.2%** |  |
|  Penske Truck Leasing Co. Lp / PTL Finance Corp., 5.75%, 05/24/2026 <sup>(b)</sup> | 625000 | 630375 |
| **Brokerage & Investment Management - 0.3%** | **Brokerage & Investment Management - 0.3%** |  |
|  LPL Holdings, Inc., 5.70%, 05/20/2027 | 850000 | 866423 |
| **Commercial & Residential Mortgage Finance - 0.5%** | **Commercial & Residential Mortgage Finance - 0.5%** |  |
|  Radian Group, Inc., 4.88%, 03/15/2027 | 1550000 | 1551991 |
| **Consumer Finance - 0.4%** | **Consumer Finance - 0.4%** |  |
|  Capital One Financial Corp., 4.20%, 10/29/2025 | 1100000 | 1098517 |
|  Synchrony Bank, 5.63%, 08/23/2027 | 250000 | 255019 |
|  |  | 1353536 |
| **Diversified Banks - 3.5%** | **Diversified Banks - 3.5%** |  |
|  Bank of America Corp., 4.45%, 03/03/2026 | 1300000 | 1298787 |
|  Barclays PLC, 5.20%, 05/12/2026 | 1600000 | 1607562 |
|  Capital One NA, 3.45%, 07/27/2026 | 1200000 | 1186990 |
|  Citigroup, Inc., 4.60%, 03/09/2026 | 1650000 | 1650000 |
|  Comerica, Inc., 3.80%, 07/22/2026 | 1600000 | 1585981 |
|  Fifth Third Bank, Inc., 3.85%, 03/15/2026 | 1550000 | 1540462 |
| Lloyds Banking Group PLC | Lloyds Banking Group PLC |  |
| &nbsp;&nbsp; 4.58%, 12/10/2025 | 700000 | 699434 |
| &nbsp;&nbsp; 4.65%, 03/24/2026 | 850000 | 849359 |
|  Truist Bank, 3.63%, 09/16/2025 | 750000 | 748007 |
|  |  | 11166582 |
| **Diversified Financial Services - 0.1%** | **Diversified Financial Services - 0.1%** |  |
|  Apollo Management Holdings LP, 4.40%, 05/27/2026 <sup>(b)</sup> | 370000 | 369522 |
| **Finance Companies - 0.8%** | **Finance Companies - 0.8%** |  |
|  Athene Global Funding, 5.62%, 05/08/2026 <sup>(b)</sup> | 700000 | 706404 |
| Avolon Holdings Funding Ltd. | Avolon Holdings Funding Ltd. |  |
| &nbsp;&nbsp; 2.53%, 11/18/2027 <sup>(b)</sup> | 550000 | 523050 |
| &nbsp;&nbsp; 6.38%, 05/04/2028 <sup>(b)</sup> | 1100000 | 1147556 |
|  |  | 2377010 |
| **Insurance - 0.1%** | **Insurance - 0.1%** |  |
|  Prudential Insurance Co. of America, 8.30%, 07/01/2025 <sup>(b)</sup> | 250000 | 250000 |
| **Private Equity - 0.1%** | **Private Equity - 0.1%** |  |
|  HAT Holdings I LLC / HAT Holdings II LLC, 3.38%, 06/15/2026 <sup>(b)</sup> | 322000 | 315377 |
| **Specialized REITs - 0.8%** | **Specialized REITs - 0.8%** |  |
|  Host Hotels & Resorts LP, 4.50%, 02/01/2026 | 1050000 | 1047786 |
| VICI Properties LP / VICI Note Co., Inc. | VICI Properties LP / VICI Note Co., Inc. |  |
| &nbsp;&nbsp; 4.50%, 09/01/2026 <sup>(b)</sup> | 1455000 | 1451368 |
| &nbsp;&nbsp; 3.75%, 02/15/2027 <sup>(b)</sup> | 150000 | 147756 |
|  |  | 2646910 |
| **Transaction & Payment Processing Services - 0.1%** | **Transaction & Payment Processing Services - 0.1%** |  |
|  Global Payments, Inc., 4.80%, 04/01/2026 | 200000 | 199931 |
| **Total Financials** | **Total Financials** | 23457735 |
| **<u>Health Care</u> - 0.7%** | **<u>Health Care</u> - 0.7%** |  |
| **Health Care Providers & Services - 0.4%** | **Health Care Providers & Services - 0.4%** |  |
|  HCA, Inc., 5.20%, 06/01/2028 | 1150000 | 1175167 |
| **Pharmaceuticals - 0.3%** | **Pharmaceuticals - 0.3%** |  |
|  Royalty Pharma PLC, 1.20%, 09/02/2025 | 900000 | 894089 |
| **Total Health Care** | **Total Health Care** | 2069256 |
| **<u>Industrials</u> - 3.1%** | **<u>Industrials</u> - 3.1%** |  |
| **Aerospace & Defense - 1.1%** | **Aerospace & Defense - 1.1%** |  |
|  Boeing Co., 2.75%, 02/01/2026 | 592000 | 585344 |
|  Hexcel Corp., 4.20%, 02/15/2027 <sup>(c)</sup> | 570000 | 564807 |
|  Rolls-Royce PLC, 3.63%, 10/14/2025 <sup>(b)</sup> | 1250000 | 1248329 |
|  Textron, Inc., 4.00%, 03/15/2026 | 1200000 | 1195724 |
|  |  | 3594204 |
| **Commercial Services - 0.5%** | **Commercial Services - 0.5%** |  |
|  Ashtead Capital, Inc., 1.50%, 08/12/2026 <sup>(b)</sup> | 1600000 | 1548332 |
| **Passenger Airlines - 0.5%** | **Passenger Airlines - 0.5%** |  |
|  Delta Air Lines, Inc., 7.38%, 01/15/2026 | 1500000 | 1522026 |
| **Trading Companies & Distributors - 1.0%** | **Trading Companies & Distributors - 1.0%** |  |
| Aircastle Ltd. | Aircastle Ltd. |  |
| &nbsp;&nbsp; 5.25%, 08/11/2025 <sup>(b)</sup> | 750000 | 749965 |
| &nbsp;&nbsp; 2.85%, 01/26/2028 <sup>(b)</sup> | 1650000 | 1571564 |
| GATX Corp. | GATX Corp. |  |
| &nbsp;&nbsp; 3.25%, 09/15/2026 | 450000 | 443522 |
| &nbsp;&nbsp; 3.50%, 03/15/2028 | 280000 | 273679 |
|  |  | 3038730 |
| **Total Industrials** | **Total Industrials** | 9703292 |
| **<u>Information Technology</u> - 2.1%** | **<u>Information Technology</u> - 2.1%** |  |
| **Communications Equipment - 0.3%** | **Communications Equipment - 0.3%** |  |
|  Juniper Networks, Inc., 1.20%, 12/10/2025 | 900000 | 885888 |
| **Electronic Manufacturing Services - 0.1%** | **Electronic Manufacturing Services - 0.1%** |  |
|  Flex Ltd., 3.75%, 02/01/2026 | 300000 | 298077 |
| **Technology Distributors - 1.2%** | **Technology Distributors - 1.2%** |  |
|  Arrow Electronics, Inc., 3.88%, 01/12/2028 | 1200000 | 1177317 |
|  Avnet, Inc., 4.63%, 04/15/2026 | 1200000 | 1198520 |
| CDW LLC / CDW Finance Corp. | CDW LLC / CDW Finance Corp. |  |
| &nbsp;&nbsp; 2.67%, 12/01/2026 | 890000 | 868213 |
| &nbsp;&nbsp; 4.25%, 04/01/2028 | 662000 | 656888 |
|  |  | 3900938 |
| **Technology Hardware, Storage & Peripherals - 0.5%** | **Technology Hardware, Storage & Peripherals - 0.5%** |  |
|  Hewlett Packard Enterprise Co., 1.75%, 04/01/2026 | 1500000 | 1470659 |
| **Total Information Technology** | **Total Information Technology** | 6555562 |
| **<u>Materials</u> - 2.6%** | **<u>Materials</u> - 2.6%** |  |
| **Commodity Chemicals - 0.4%** | **Commodity Chemicals - 0.4%** |  |
|  Cabot Corp., 3.40%, 09/15/2026 | 1200000 | 1183654 |
| **Fertilizers & Agricultural Chemicals - 0.5%** | **Fertilizers & Agricultural Chemicals - 0.5%** |  |
|  FMC Corp., 3.20%, 10/01/2026 | 1600000 | 1570376 |
| **Metal, Glass & Plastic Containers - 0.9%** | **Metal, Glass & Plastic Containers - 0.9%** |  |
|  Berry Global, Inc., 1.57%, 01/15/2026 | 1200000 | 1178700 |
|  Silgan Holdings, Inc., 1.40%, 04/01/2026 <sup>(b)</sup> | 1650000 | 1605784 |
|  |  | 2784484 |
| **Packaging & Containers - 0.3%** | **Packaging & Containers - 0.3%** |  |
|  Brambles USA, Inc., 4.13%, 10/23/2025 <sup>(b)</sup> | 900000 | 899563 |
|  Graphic Packaging International LLC, 1.51%, 04/15/2026 <sup>(b)</sup> | 108000 | 105198 |
|  |  | 1004761 |
| **Paper & Plastic Packaging Products & Materials - 0.5%** | **Paper & Plastic Packaging Products & Materials - 0.5%** |  |
|  Sealed Air Corp., 1.57%, 10/15/2026 <sup>(b)</sup> | 1650000 | 1579624 |
| **Specialty Chemicals - 0.0%<sup>(f)</sup>** | **Specialty Chemicals - 0.0%<sup>(f)</sup>** |  |
|  International Flavors & Fragrances, Inc., 1.23%, 10/01/2025 <sup>(b)</sup> | 235000 | 232735 |
| **Total Materials** | **Total Materials** | 8355634 |
| **<u>Utilities</u> - 1.9%** | **<u>Utilities</u> - 1.9%** |  |
| **Electric Utilities - 0.9%** | **Electric Utilities - 0.9%** |  |
|  Edison International, 4.70%, 08/15/2025 | 600000 | 599088 |
|  NRG Energy, Inc., 2.00%, 12/02/2025 <sup>(b)</sup> | 999000 | 984570 |
|  Pacific Gas and Electric Co., 3.15%, 01/01/2026 | 1400000 | 1386788 |
|  |  | 2970446 |
| **Gas Utilities - 0.5%** | **Gas Utilities - 0.5%** |  |
|  National Fuel Gas Co., 5.50%, 10/01/2026 | 1550000 | 1566717 |
| **Utilities - 0.5%** | **Utilities - 0.5%** |  |
| Vistra Operations Co. LLC | Vistra Operations Co. LLC |  |
| &nbsp;&nbsp; 5.05%, 12/30/2026 <sup>(b)</sup> | 400000 | 402205 |
| &nbsp;&nbsp; 3.70%, 01/30/2027 <sup>(b)</sup> | 1150000 | 1135288 |
|  |  | 1537493 |
| **Total Utilities** | **Total Utilities** | 6074656 |
| **TOTAL CORPORATE BONDS** (Cost $83,027,228) | **TOTAL CORPORATE BONDS** (Cost $83,027,228) | 83371797 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 18.9%** | **Par** | **Value** |
|  Cross Mortgage Trust, Series 2025-H4, Class A3, 5.88%, 06/25/2070 <sup>(b)(c)</sup> | 491634 | 496612 |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |  |
| &nbsp;&nbsp; Series K049, Class A2, 3.01%, 07/25/2025 | 50290 | 50201 |
| &nbsp;&nbsp; Series K050, Class A2, 3.33%, 08/25/2025 <sup>(d)</sup> | 410284 | 409562 |
| &nbsp;&nbsp; Series K053, Class A2, 3.00%, 12/25/2025 | 2300961 | 2284778 |
| &nbsp;&nbsp; Series K054, Class A2, 2.75%, 01/25/2026 | 718227 | 711421 |
| &nbsp;&nbsp; Series K055, Class A2, 2.67%, 03/25/2026 | 2141560 | 2114936 |
| &nbsp;&nbsp; Series K056, Class A2, 2.53%, 05/25/2026 | 2423758 | 2387920 |
| &nbsp;&nbsp; Series K058, Class A2, 2.65%, 08/25/2026 | 2777000 | 2725770 |
| &nbsp;&nbsp; Series K059, Class A2, 3.12%, 09/25/2026 <sup>(d)</sup> | 2000000 | 1974054 |
| &nbsp;&nbsp; Series K060, Class A2, 3.30%, 10/25/2026 | 1150000 | 1136199 |
| &nbsp;&nbsp; Series K061, Class A2, 3.35%, 11/25/2026 <sup>(d)</sup> | 837698 | 827351 |
| &nbsp;&nbsp; Series K062, Class A2, 3.41%, 12/25/2026 | 2500000 | 2469473 |
| &nbsp;&nbsp; Series K734, Class A2, 3.21%, 02/25/2026 | 2159752 | 2145225 |
| &nbsp;&nbsp; Series K735, Class A2, 2.86%, 05/25/2026 | 1912177 | 1888313 |
| &nbsp;&nbsp; Series K-F100, Class AS, 4.49% (30 day avg SOFR US + 0.18%), 01/25/2028 | 314851 | 312735 |
| &nbsp;&nbsp; Series K-F101, Class AS, 4.51% (30 day avg SOFR US + 0.20%), 01/25/2031 | 396564 | 390314 |
| &nbsp;&nbsp; Series K-F104, Class AS, 4.56% (30 day avg SOFR US + 0.25%), 01/25/2031 | 581479 | 578551 |
| &nbsp;&nbsp; Series K-F107, Class AS, 4.56% (30 day avg SOFR US + 0.25%), 03/25/2028 | 1090634 | 1087877 |
| &nbsp;&nbsp; Series K-F112, Class AS, 4.54% (30 day avg SOFR US + 0.23%), 04/25/2031 | 429790 | 421756 |
| &nbsp;&nbsp; Series K-F113, Class AS, 4.54% (30 day avg SOFR US + 0.23%), 05/25/2028 | 291014 | 289093 |
| &nbsp;&nbsp; Series K-F114, Class AS, 4.53% (30 day avg SOFR US + 0.22%), 05/25/2031 | 1121050 | 1104926 |
| &nbsp;&nbsp; Series K-F115, Class AS, 4.52% (30 day avg SOFR US + 0.21%), 06/25/2031 | 1839014 | 1811942 |
| &nbsp;&nbsp; Series K-F117, Class AS, 4.55% (30 day avg SOFR US + 0.24%), 06/25/2031 | 400420 | 395365 |
| &nbsp;&nbsp; Series K-F118, Class AS, 4.51% (30 day avg SOFR US + 0.20%), 07/25/2028 | 243453 | 241476 |
| &nbsp;&nbsp; Series K-F121, Class AS, 4.49% (30 day avg SOFR US + 0.18%), 08/25/2028 | 777213 | 770221 |
| &nbsp;&nbsp; Series KF125, Class AS, 4.53% (30 day avg SOFR US + 0.22%), 10/25/2028 | 1197645 | 1187853 |
| &nbsp;&nbsp; Series KF129, Class AS, 4.56% (30 day avg SOFR US + 0.25%), 01/25/2029 | 384001 | 381058 |
| &nbsp;&nbsp; Series KF133, Class AS, 4.68% (30 day avg SOFR US + 0.37%), 02/25/2029 | 1371583 | 1366076 |
| &nbsp;&nbsp; Series KF160, Class AS, 5.01% (30 day avg SOFR US + 0.70%), 10/25/2030 | 590410 | 594258 |
| &nbsp;&nbsp; Series KF48, Class A, 4.72% (30 day avg SOFR US + 0.40%), 06/25/2028 | 1089069 | 1086706 |
| &nbsp;&nbsp; Series KF57, Class A, 4.97% (30 day avg SOFR US + 0.65%), 12/25/2028 | 543801 | 546599 |
| &nbsp;&nbsp; Series KF59, Class A, 4.97% (30 day avg SOFR US + 0.65%), 02/25/2029 | 999569 | 1002738 |
| &nbsp;&nbsp; Series KF61, Class A, 4.96% (30 day avg SOFR US + 0.64%), 03/25/2029 | 435869 | 437245 |
| &nbsp;&nbsp; Series KF75, Class AL, 4.94% (30 day avg SOFR US + 0.62%), 12/25/2029 | 366907 | 368285 |
| &nbsp;&nbsp; Series KF75, Class AS, 4.86% (SOFR 1M Historical Calendar Day Compounded + 0.55%), 12/25/2029 | 397372 | 398186 |
| &nbsp;&nbsp; Series KF79, Class AL, 4.90% (30 day avg SOFR US + 0.58%), 05/25/2030 | 808230 | 807021 |
| &nbsp;&nbsp; Series KF86, Class AS, 4.63% (30 day avg SOFR US + 0.32%), 08/25/2027 | 510832 | 509437 |
| &nbsp;&nbsp; Series KF87, Class AL, 4.78% (30 day avg SOFR US + 0.46%), 08/25/2030 | 141722 | 141300 |
| &nbsp;&nbsp; Series KF87, Class AS, 4.66% (30 day avg SOFR US + 0.35%), 08/25/2030 | 566888 | 562279 |
| &nbsp;&nbsp; Series KF88, Class AL, 4.76% (30 day avg SOFR US + 0.44%), 09/25/2030 | 3814421 | 3804325 |
| &nbsp;&nbsp; Series KF90, Class AS, 4.69% (30 day avg SOFR US + 0.38%), 09/25/2030 | 340826 | 337206 |
| &nbsp;&nbsp; Series KF91, Class AS, 4.69% (30 day avg SOFR US + 0.38%), 10/25/2030 | 311798 | 310050 |
| &nbsp;&nbsp; Series KF93, Class AS, 4.62% (30 day avg SOFR US + 0.31%), 10/25/2027 | 1058083 | 1054413 |
| &nbsp;&nbsp; Series KF94, Class AL, 4.73% (30 day avg SOFR US + 0.41%), 11/25/2030 | 1011858 | 1007646 |
| &nbsp;&nbsp; Series KF94, Class AS, 4.65% (30 day avg SOFR US + 0.34%), 11/25/2030 | 337286 | 334279 |
| &nbsp;&nbsp; Series KF95, Class AL, 4.69% (30 day avg SOFR US + 0.37%), 11/25/2030 | 806896 | 798068 |
| &nbsp;&nbsp; Series KF96, Class AL, 4.69% (30 day avg SOFR US + 0.37%), 12/25/2030 | 946916 | 941174 |
| &nbsp;&nbsp; Series KF97, Class AS, 4.56% (30 day avg SOFR US + 0.25%), 12/25/2030 | 197842 | 195470 |
| &nbsp;&nbsp; Series KF99, Class AS, 4.51% (30 day avg SOFR US + 0.20%), 12/25/2030 | 512844 | 505430 |
| &nbsp;&nbsp; Series KJ21, Class A2, 3.70%, 09/25/2026 | 1492940 | 1483935 |
| &nbsp;&nbsp; Series KLU2, Class A7, 2.23%, 09/25/2025 <sup>(d)</sup> | 1185362 | 1178810 |
| Federal National Mortgage Association | Federal National Mortgage Association |  |
| &nbsp;&nbsp; Series 2015-M10, Class A2, 3.09%, 04/25/2027 <sup>(d)</sup> | 1071781 | 1048872 |
| &nbsp;&nbsp; Series 2017-M15, Class ATS2, 3.21%, 11/25/2027 <sup>(d)</sup> | 506250 | 496296 |
| &nbsp;&nbsp; Series 2017-M4, Class A2, 2.64%, 12/25/2026 <sup>(d)</sup> | 962674 | 940417 |
| Freddie Mac Structured Agency Credit Risk Debt Notes | Freddie Mac Structured Agency Credit Risk Debt Notes |  |
| &nbsp;&nbsp; Series 2021-DNA7, Class M1, 5.16% (30 day avg SOFR US + 0.85%), 11/25/2041 <sup>(b)</sup> | 178794 | 178957 |
| &nbsp;&nbsp; Series 2022-HQA2, Class M1B, 8.31% (30 day avg SOFR US + 4.00%), 07/25/2042 <sup>(b)</sup> | 1550000 | 1637070 |
| &nbsp;&nbsp; Series 2024-DNA1, Class M1, 5.66% (30 day avg SOFR US + 1.35%), 02/25/2044 <sup>(b)</sup> | 998078 | 1001902 |
| &nbsp;&nbsp; Series 2024-HQA2, Class M1, 5.51% (30 day avg SOFR US + 1.20%), 08/25/2044 <sup>(b)</sup> | 1522856 | 1529160 |
|  GS Mortgage-Backed Securities Trust, Series 2023-PJ6, Class A16, 6.50%, 04/25/2054 <sup>(b)(d)</sup> | 286464 | 293563 |
|  Home RE Ltd., Series 2023-1, Class M1A, 6.46% (30 day avg SOFR US + 2.15%), 10/25/2033 <sup>(b)</sup> | 19277 | 19309 |
| Onslow Bay Mortgage Loan Trust | Onslow Bay Mortgage Loan Trust |  |
| &nbsp;&nbsp; Series 2024-NQM2, Class A1, 5.88%, 12/25/2063 <sup>(b)(c)</sup> | 716689 | 727799 |
| &nbsp;&nbsp; Series 2025-NQM7, Class A3, 5.86%, 05/25/2055 <sup>(b)(c)</sup> | 967021 | 970906 |
|  Sequoia Mortgage Trust, Series 2023-4, Class A10, 6.00%, 11/25/2053 <sup>(b)(d)</sup> | 224103 | 227166 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** (Cost $59,478,516) | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** (Cost $59,478,516) | 59437335 |
| **COLLATERALIZED LOAN OBLIGATIONS - 15.5%** | **Par** | **Value** |
|  AMMC CDO, Series 2017-21A, Class B, 6.21% (3 mo. Term SOFR + 1.94%), 11/02/2030 <sup>(b)</sup> | 118634 | 118687 |
|  BCRED BSL Static CLO Ltd., Series 2025-1A, Class AR, 5.54% (3 mo. Term SOFR + 1.25%), 07/24/2035 <sup>(b)</sup> | 1000000 | 999502 |
|  Black Diamond CLO Ltd., Series 2019-2A, Class A1AR, 5.60% (3 mo. Term SOFR + 1.32%), 07/23/2032 <sup>(b)</sup> | 999455 | 1000392 |
|  Blackstone, Inc., Series 2018-1A, Class A2, 5.53% (3 mo. Term SOFR + 1.27%), 04/15/2031 <sup>(b)</sup> | 106667 | 106736 |
|  Canyon Capital CLO Ltd., Series 2016-1A, Class AR, 5.59% (3 mo. Term SOFR + 1.33%), 07/15/2031 <sup>(b)</sup> | 1065679 | 1066371 |
|  Carbone CLO LLC, Series 2017-1A, Class A1, 5.67% (3 mo. Term SOFR + 1.40%), 01/20/2031 <sup>(b)</sup> | 858331 | 856804 |
|  CBAM Ltd., Series 2019-10A, Class A1R, 5.65% (3 mo. Term SOFR + 1.38%), 04/20/2032 <sup>(b)</sup> | 1487037 | 1486728 |
|  Dryden Senior Loan Fund, Series 2019-80A, Class AR, 5.53% (3 mo. Term SOFR + 1.25%), 01/17/2033 <sup>(b)</sup> | 1639012 | 1636679 |
| Fortress Credit Opportunities | Fortress Credit Opportunities |  |
| &nbsp;&nbsp; Series 2025-31A, Class A1, 5.82% (3 mo. Term SOFR + 1.50%), 07/20/2033 <sup>(b)</sup> | 2000000 | 2004382 |
| &nbsp;&nbsp; Series 2025-35A, Class A1, 0.00% (3 mo. Term SOFR + 1.40%), 07/20/2033 <sup>(b)</sup> | 2100000 | 2100000 |
|  Gallatin CLO Ltd., Series 2017-1A, Class A1R, 5.61% (3 mo. Term SOFR + 1.35%), 07/15/2031 <sup>(b)</sup> | 1325632 | 1326146 |
|  LCM XIII LP, Series 14A, Class AR, 5.57% (3 mo. Term SOFR + 1.30%), 07/20/2031 <sup>(b)</sup> | 230256 | 230272 |
|  LJV I MM CLO LLC, Series 2022-1A, Class A1, 6.13% (3 mo. Term SOFR + 1.85%), 04/28/2034 <sup>(b)</sup> | 3111224 | 3117057 |
| Madison Park Funding Ltd. | Madison Park Funding Ltd. |  |
| &nbsp;&nbsp; Series 2015-18A, Class ARR, 5.47% (3 mo. Term SOFR + 1.20%), 10/21/2030 <sup>(b)</sup> | 1103460 | 1104465 |
| &nbsp;&nbsp; Series 2021-52A, Class X, 5.43% (3 mo. Term SOFR + 1.16%), 01/22/2035 <sup>(b)</sup> | 315789 | 315782 |
|  Maranon Loan Funding Ltd., Series 2021-3A, Class XR, 5.56% (3 mo. Term SOFR + 1.30%), 10/15/2036 <sup>(b)</sup> | 875000 | 874977 |
|  Milos Clo, Series 2017-1A, Class AR, 5.60% (3 mo. Term SOFR + 1.33%), 10/20/2030 <sup>(b)</sup> | 1083657 | 1084983 |
|  Mountain View Funding CLO, Series 2017-2A, Class AR, 5.56% (3 mo. Term SOFR + 1.30%), 01/16/2031 <sup>(b)</sup> | 83983 | 83985 |
| Neuberger Berman CLO Ltd. | Neuberger Berman CLO Ltd. |  |
| &nbsp;&nbsp; Series 2019-34A, Class A1R, 5.51% (3 mo. Term SOFR + 1.24%), 01/20/2035 <sup>(b)</sup> | 1083312 | 1081840 |
| &nbsp;&nbsp; Series 2020-36A, Class A1R2, 5.57% (3 mo. Term SOFR + 1.30%), 04/20/2033 <sup>(b)</sup> | 1235013 | 1233367 |
|  OCP CLO Ltd., Series 2014-5A, Class A1R, 5.62% (3 mo. Term SOFR + 1.34%), 04/26/2031 <sup>(b)</sup> | 71822 | 71839 |
|  Octagon Investment Partners Ltd., Series 2016-1A, Class XRR, 5.58% (3 mo. Term SOFR + 1.30%), 04/24/2037 <sup>(b)</sup> | 1052632 | 1055888 |
|  OZLM Ltd., Series 2019-24A, Class A1AR, 5.69% (3 mo. Term SOFR + 1.42%), 07/20/2032 <sup>(b)</sup> | 1837169 | 1837568 |
|  Palmer Square Loan Funding Ltd., Series 2022-3A, Class A1AR, 5.36% (3 mo. Term SOFR + 1.10%), 04/15/2031 <sup>(b)</sup> | 676003 | 674297 |
|  Parliament Funding, Series 2020-1A, Class BR, 6.18% (3 mo. Term SOFR + 1.91%), 10/20/2031 <sup>(b)</sup> | 1632710 | 1633508 |
|  ROMARK CLO LLC, Series 2021-5A, Class X, 5.52% (3 mo. Term SOFR + 1.26%), 01/15/2035 <sup>(b)</sup> | 736842 | 736833 |
| Sound Point CLO Ltd. | Sound Point CLO Ltd. |  |
| &nbsp;&nbsp; Series 2013-3RA, Class A, 5.68% (3 mo. Term SOFR + 1.41%), 04/18/2031 <sup>(b)</sup> | 4277159 | 4282189 |
| &nbsp;&nbsp; Series 2015-2A, Class ARRR, 5.74% (3 mo. Term SOFR + 1.47%), 07/20/2032 <sup>(b)</sup> | 2945711 | 2948966 |
| &nbsp;&nbsp; Series 2018-1A, Class A, 5.52% (3 mo. Term SOFR + 1.26%), 04/15/2031 <sup>(b)</sup> | 948814 | 949231 |
|  Steele Creek CLO Ltd., Series 2014-1RA, Class B, 6.03% (3 mo. Term SOFR + 1.76%), 04/21/2031 <sup>(b)</sup> | 1004394 | 1004765 |
| Symphony CLO Ltd. | Symphony CLO Ltd. |  |
| &nbsp;&nbsp; Series 2014-15A, Class AR3, 5.62% (3 mo. Term SOFR + 1.34%), 01/17/2032 <sup>(b)</sup> | 1726139 | 1728207 |
| &nbsp;&nbsp; Series 2021-26A, Class AR, 5.61% (3 mo. Term SOFR + 1.34%), 04/20/2033 <sup>(b)</sup> | 1650811 | 1649371 |
|  TCI-Symphony CLO Ltd., Series 2016-1A, Class AR2, 5.52% (3 mo. Term SOFR + 1.28%), 10/13/2032 <sup>(b)</sup> | 857973 | 858979 |
|  THL Credit Lake Shore MM CLO Ltd., Series 2019-2A, Class A1RR, 5.68% (3 mo. Term SOFR + 1.40%), 10/17/2031 <sup>(b)</sup> | 762658 | 762840 |
| TIAA CLO Ltd. | TIAA CLO Ltd. |  |
| &nbsp;&nbsp; Series 2016-1A, Class ARR, 5.52% (3 mo. Term SOFR + 1.25%), 07/20/2031 <sup>(b)</sup> | 953764 | 954339 |
| &nbsp;&nbsp; Series 2017-2A, Class A, 5.67% (3 mo. Term SOFR + 1.41%), 01/16/2031 <sup>(b)</sup> | 634291 | 634648 |
|  Trinitas CLO Ltd., Series 2018-9A, Class ARRR, 5.47% (3 mo. Term SOFR + 1.20%), 01/20/2032 <sup>(b)</sup> | 1962482 | 1962892 |
| Venture CDO Ltd. | Venture CDO Ltd. |  |
| &nbsp;&nbsp; Series 2014-18X, Class CR, 6.62% (3 mo. Term SOFR + 2.36%), 10/15/2029 | 897663 | 899154 |
| &nbsp;&nbsp; Series 2018-32A, Class A1, 5.63% (3 mo. Term SOFR + 1.36%), 07/18/2031 <sup>(b)</sup> | 493472 | 493955 |
|  Voya CLO Ltd., Series 2019-3A, Class AR, 5.62% (3 mo. Term SOFR + 1.34%), 10/17/2032 <sup>(b)</sup> | 1956094 | 1954993 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $48,943,530) | **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $48,943,530) | 48923617 |
| **MORTGAGE-BACKED SECURITIES - 3.0%** | **Par** | **Value** |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |  |
| &nbsp;&nbsp; Series KF130, Class AS, 4.60% (30 day avg SOFR US + 0.29%), 01/25/2029 | 590341 | 588780 |
| &nbsp;&nbsp; Series KF135, Class AS, 4.68% (30 day avg SOFR US + 0.37%), 05/25/2029 | 678948 | 677961 |
| &nbsp;&nbsp; Series KF166, Class AS, 4.91% (30 day avg SOFR US + 0.60%), 01/25/2032 | 2000000 | 2002500 |
| &nbsp;&nbsp; Series KJ49, Class AFL, 4.91% (30 day avg SOFR US + 0.60%), 01/25/2031 | 992937 | 989060 |
| Federal National Mortgage Association | Federal National Mortgage Association |  |
| &nbsp;&nbsp; Pool AN0287, 2.95%, 11/01/2025 | 1500000 | 1494743 |
| &nbsp;&nbsp; Pool AN3381, 2.52%, 10/01/2026 | 912503 | 891088 |
| &nbsp;&nbsp; Pool AN7890, 3.06%, 12/01/2027 | 2750000 | 2685892 |
| **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $9,307,194) | **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $9,307,194) | 9330024 |
| **SHORT-TERM INVESTMENTS - 11.1%** |  | **Value**  |
| **Money Market Funds - 8.3%** | **<u>Shares</u>** |  |
| First American Government Obligations Fund - Class X, 4.25% <sup>(g)</sup> | 26068335 | 26068335 |
| **U.S. Treasury Bills - 2.8%** | **<u>Par</u>** |  |
| 4.24%, 08/07/2025 <sup>(h)</sup> | 2500000 | 2489206 |
| 4.36%, 09/04/2025 <sup>(h)</sup> | 3000000 | 2976986 |
| 4.11%, 10/02/2025 <sup>(h)</sup> | 3500000 | 3461838 |
|  |  | 8928030 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $34,998,360) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $34,998,360) | 34996365 |
| **TOTAL INVESTMENTS - 103.3% (**Cost $325,076,103**)** | **TOTAL INVESTMENTS - 103.3% (**Cost $325,076,103**)** | 325737889 |
| Liabilities in Excess of Other Assets - (3.3)% | Liabilities in Excess of Other Assets - (3.3)% | (10552522) |
| **TOTAL NET ASSETS - 100.0%** |  | 315185367 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

---

| |
|:---|
| LLC - Limited Liability Company |
| LP - Limited Partnership |
| PLC - Public Limited Company |
| REIT - Real Estate Investment Trust |
| SOFR - Secured Overnight Financing Rate |

---

(a) To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those
 industries or sectors.

(b) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of June 30, 2025, the value of these securities total $167,680,476 or 53.2% of the Fund's net assets.

(c) Step coupon bond. The rate disclosed is as of June 30, 2025.

(d) Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral
 increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of June 30, 2025.

(e) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities
 represented $1,000,000 or 0.3% of net assets as of June 30, 2025.

(f) Represents less than 0.05% of net assets.

(g) The rate shown represents the 7-day annualized effective yield as of June 30, 2025.

(h) The rate shown is the annualized effective yield as of June 30, 2025.

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Strive Enhanced Income Short Maturity ETF** | **Strive Enhanced Income Short Maturity ETF** | **Strive Enhanced Income Short Maturity ETF** | **Strive Enhanced Income Short Maturity ETF** | **Strive Enhanced Income Short Maturity ETF** |
| **Schedule of Futures Contracts** | **Schedule of Futures Contracts** | **Schedule of Futures Contracts** | **Schedule of Futures Contracts** | **Schedule of Futures Contracts** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Description** | **Contracts Purchased** | **Expiration Date** | **Notional Value** | **Value / Unrealized Appreciation (Depreciation)** |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury 2 Year Notes | 13 | 09/30/2025 | $2704305 | $11330 |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | $11330 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | $– | $88678751 | $1000000 | $89678751 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | – | 83371797 | – | 83371797 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | – | 59437335 | – | 59437335 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 48923617 | – | 48923617 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | – | 9330024 | – | 9330024 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 26068335 | – | – | 26068335 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bills | – | 8928030 | – | 8928030 |
| Total Investments | $26068335 | $298669554 | $1000000 | $325737889 |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures Contracts\* | $11330 | $– | $– | $11330 |
| Total Other Financial Instruments | $11330 | $– | $– | $11330 |
| \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of June 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of June 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of June 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of June 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of June 30, 2025. |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

---

| | | |
|:---|:---|:---|
| **Allocation of Portfolio Holdings as of June 30, 2025** | **Allocation of Portfolio Holdings as of June 30, 2025** | |
| &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;(% of Net Assets) |  |  |
| Asset-Backed Securities | $89678751 | 28.4% |
| Corporate Bonds | 83371797 | 26.4 |
| Collateralized Mortgage Obligations | 59437335 | 18.9 |
| Collateralized Loan Obligations | 48923617 | 15.5 |
| Mortgage-Backed Securities | 9330024 | 3.0 |
| Money Market Funds | 26068335 | 8.3 |
| U.S. Treasury Bills | 8928030 | 2.8 |
| Liabilities in Excess of Other Assets | (10552522) | (3.3) |
|  | $**315185367** | 100.0<br> **%** |

---

------

 The accompanying notes are an integral part of these financial statements.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** EA Series Trust

- **b. Investment Company Act file number:** 811-22961

- **c. CIK number of Registrant:** 0001592900

- **d. LEI of Registrant:** 549300OFTR67XBWX5T25

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

  - **Street Address 1:** 3803 West Chester Pike

  - **City:** Newton Square

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19073

  - **Telephone number:** 215-882-9983

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

- **a. Name of Series:** Strive Enhanced Income Short Maturity ETF

- **b. EDGAR series identifier (if any):** S000080333

- **c. LEI of Series:** 5493000HC7HNRBCTST54

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

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $333349244.91

**Total Liabilities:** $8417831.98

**Net Assets:** $324931412.93

**Delayed Delivery Securities:** $2100000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 3049.892683807449 | **1-Year:** 24358.752886204810 | **5-Year:** 6244.835517588505 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 2.075828497354 | **1-Year:** 87.565368446653 | **5-Year:** 1.473594842434 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000242671 | 0.38%                | 0.38%                | 0.57%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6701.03                 | $-65291.08                                 |
| Month 2  | $1975.90                 | $-111104.80                                |
| Month 3  | $19385.27                | $438321.15                                 |

**Designated Index Information**

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

- **Index Identifier:** XDH368VJLI

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BORGWARNER INC                 | BorgWarner Inc                                                      | CUSIP: 099724AL0<br>LEI: 549300DSFX2IE88NSX47 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1548457.20   | 0.48%             | 2027-07-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| BRAMBLES USA INC               | Brambles USA Inc                                                    | CUSIP: 10510KAC1<br>LEI: 549300ELM3HO6HFZSW59 | Long             | DBT              | CORP              | US        |    900000 | PA      | $899562.48    | 0.28%             | 2025-10-23      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CBAM CLO Management            | CBAM 2019-10 Ltd                                                    | CUSIP: 12482NAN1<br>LEI: 254900IPFC9SXD6VQ444 | Long             | ABS-CBDO         | CORP              | KY        |   1487037 | PA      | $1486728.04   | 0.46%             | 2032-04-20      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE            | CDW LLC / CDW Finance Corp                                          | CUSIP: 12513GBD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    662000 | PA      | $656887.84    | 0.20%             | 2028-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE            | CDW LLC / CDW Finance Corp                                          | CUSIP: 12513GBG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    890000 | PA      | $868212.80    | 0.27%             | 2026-12-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| CABOT CORP                     | Cabot Corp                                                          | CUSIP: 127055AK7<br>LEI: K05C0SER542GQ6VLRO68 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1183654.07   | 0.36%             | 2026-09-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd         | Canyon Capital CLO 2016-1 Ltd                                       | CUSIP: 13887PAK1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1065679 | PA      | $1066370.72   | 0.33%             | 2031-07-15      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO       | Capital One Financial Corp                                          | CUSIP: 14040HBJ3<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1098517.45   | 0.34%             | 2025-10-29      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Carbone CLO, LTD               | Carbone Clo Ltd                                                     | CUSIP: 141312AA6<br>LEI: 5493005I53NEC017LN87 | Long             | ABS-CBDO         | CORP              | KY        |    858331 | PA      | $856804.16    | 0.26%             | 2031-01-20      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Cherry Securitization Trust    | Cherry Securitization Trust 2025-1                                  | CUSIP: 16473RAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $505477.85    | 0.16%             | 2032-11-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                                       | CUSIP: 172967KJ9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1650000.08   | 0.51%             | 2026-03-09      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| COMERICA INC                   | Comerica Inc                                                        | CUSIP: 200340AQ0<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1585981.02   | 0.49%             | 2026-07-22      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS INC             | Conagra Brands Inc                                                  | CUSIP: 205887CF7<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1073482.28   | 0.33%             | 2027-11-01      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE NA                 | Capital One NA                                                      | CUSIP: 25466AAJ0<br>LEI: 207ALC1P1YM0OVDV0K75 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1186989.78   | 0.37%             | 2026-07-27      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2023-8                                         | CUSIP: 694960AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       127 | PA      | $128.66       | 0.00%             | 2031-06-16      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2023-8                                         | CUSIP: 694960AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1888237 | PA      | $1927453.75   | 0.59%             | 2031-06-16      | Fixed         | 7.96%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2023-8                                         | CUSIP: 694960AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1716306 | PA      | $1761578.74   | 0.54%             | 2031-06-16      | Fixed         | 9.54%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2023-5                                         | CUSIP: 69546PAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    380540 | PA      | $382143.14    | 0.12%             | 2031-04-15      | Fixed         | 9.10%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2023-3                                         | CUSIP: 69548BAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    813526 | PA      | $818190.91    | 0.25%             | 2030-12-16      | Fixed         | 9.57%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2023-7                                         | CUSIP: 69548RAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    499814 | PA      | $504978.28    | 0.16%             | 2031-07-15      | Fixed         | 8.80%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2023-7                                         | CUSIP: 69548RAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    288084 | PA      | $289779.12    | 0.09%             | 2031-07-15      | Variable      | 8.58%                 | No            |                  2 | On Loan: No      |
| STRIKE ACCEPTANCE AUTO FUNDING | Strike Acceptance Auto Funding Trust 2025-1                         | CUSIP: 86332RAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    852445 | PA      | $852915.34    | 0.26%             | 2032-04-15      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd               | Symphony CLO XV Ltd                                                 | CUSIP: 87154EBE9<br>LEI: 549300JNP1PJXORD0Y06 | Long             | ABS-CBDO         | CORP              | KY        |   1726139 | PA      | $1728206.58   | 0.53%             | 2032-01-17      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd               | Symphony CLO XXVI Ltd                                               | CUSIP: 87190GAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1650811 | PA      | $1649371.23   | 0.51%             | 2033-04-20      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FF3L9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    314851 | PA      | $312735.34    | 0.10%             | 2028-01-25      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FFNQ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    396564 | PA      | $390314.11    | 0.12%             | 2031-01-25      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FXZA9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    581479 | PA      | $578551.08    | 0.18%             | 2031-01-25      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FYU46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1090634 | PA      | $1087876.90   | 0.33%             | 2028-03-25      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H0H92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    429790 | PA      | $421756.07    | 0.13%             | 2031-04-25      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H13L8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    291014 | PA      | $289093.21    | 0.09%             | 2028-05-25      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H13Y0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1121050 | PA      | $1104926.33   | 0.34%             | 2031-05-25      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H1LN4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1839014 | PA      | $1811942.11   | 0.56%             | 2031-06-25      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H1LV6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    400420 | PA      | $395364.97    | 0.12%             | 2031-06-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H1Z82<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    243453 | PA      | $241476.28    | 0.07%             | 2028-07-25      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H2NK6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    777213 | PA      | $770220.57    | 0.24%             | 2028-08-25      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H4CA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1197645 | PA      | $1187853.22   | 0.37%             | 2028-10-25      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H5XZ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    384001 | PA      | $381057.69    | 0.12%             | 2029-01-25      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD       | Avolon Holdings Funding Ltd                                         | CUSIP: 05401AAR2<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    550000 | PA      | $523049.66    | 0.16%             | 2027-11-18      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H5Y35<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    590341 | PA      | $588780.32    | 0.18%             | 2029-01-25      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H6MJ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1371583 | PA      | $1366076.48   | 0.42%             | 2029-02-25      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H7KA0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    678948 | PA      | $677961.11    | 0.21%             | 2029-05-25      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137HBBP8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    590410 | PA      | $594257.52    | 0.18%             | 2030-10-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137HBPH1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    992937 | PA      | $989060.32    | 0.30%             | 2031-01-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137HKXG4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $2002500.00   | 0.62%             | 2032-01-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK NA            | Fifth Third Bank NA                                                 | CUSIP: 31677AAB0<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1540462.26   | 0.47%             | 2026-03-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                    | FIGRE Trust 2024-HE6                                                | CUSIP: 31684DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    892949 | PA      | $907264.21    | 0.28%             | 2054-12-25      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                    | FIGRE Trust 2024-HE3                                                | CUSIP: 31684GAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    803723 | PA      | $818252.63    | 0.25%             | 2054-07-25      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                    | FIGRE Trust 2024-SL1                                                | CUSIP: 31684JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2434389 | PA      | $2484347.08   | 0.76%             | 2053-07-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD       | Avolon Holdings Funding Ltd                                         | CUSIP: 05401AAS0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1100000 | PA      | $1147555.84   | 0.35%             | 2028-05-04      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                | CUSIP: 06051GFU8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1298787.05   | 0.40%             | 2026-03-03      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund                          | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  18890711 | NS      | $18890710.96  | 5.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagship Credit Auto Trust     | Flagship Credit Auto Trust 2021-4                                   | CUSIP: 33845AAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    116000 | PA      | $109508.54    | 0.03%             | 2027-12-15      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust     | Flagship Credit Auto Trust 2021-3                                   | CUSIP: 33846QAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     78000 | PA      | $74921.80     | 0.02%             | 2027-09-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC            | LL ABS Trust 2021-1                                                 | CUSIP: 53934QAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     59403 | PA      | $59152.63     | 0.02%             | 2029-05-15      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC            | LL ABS Trust 2022-2                                                 | CUSIP: 75526GAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     55359 | PA      | $55430.70     | 0.02%             | 2030-05-15      | Fixed         | 8.40%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC            | Reach Abs Trust 2024-1                                              | CUSIP: 75526PAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $505634.20    | 0.16%             | 2031-02-18      | Fixed         | 6.29%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                   | Barclays PLC                                                        | CUSIP: 06738EAP0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1600000 | PA      | $1607562.16   | 0.49%             | 2026-05-12      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO               | Hewlett Packard Enterprise Co                                       | CUSIP: 42824CBK4<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1470659.24   | 0.45%             | 2026-04-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Asset Trust 2023-3                     | CUSIP: 76089RAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     93835 | PA      | $94185.39     | 0.03%             | 2032-01-26      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Home Re Ltd                    | Home RE 2023-1 Ltd                                                  | CUSIP: 43731BAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     19277 | PA      | $19308.92     | 0.01%             | 2033-10-25      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP       | Host Hotels & Resorts LP                                            | CUSIP: 44107TAW6<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1047786.08   | 0.32%             | 2026-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust 2024-C                               | CUSIP: 448976AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1694089 | PA      | $1695130.34   | 0.52%             | 2027-09-15      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| INTL FLAVOR & FRAGRANCES       | International Flavors & Fragrances Inc                              | CUSIP: 459506AN1<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |    235000 | PA      | $232735.06    | 0.07%             | 2025-10-01      | Fixed         | 1.23%                 | 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: 46590XAZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   1100000 | PA      | $1124981.00   | 0.35%             | 2028-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| JUNIPER NETWORKS INC           | Juniper Networks Inc                                                | CUSIP: 48203RAN4<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | DBT              | CORP              | US        |    900000 | PA      | $885887.67    | 0.27%             | 2025-12-10      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership            | LCM XIV LP                                                          | CUSIP: 50184VAR5<br>LEI: 549300NGJ6CPPJRPGL08 | Long             | ABS-CBDO         | CORP              | KY        |    230256 | PA      | $230272.06    | 0.07%             | 2031-07-20      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Lake Shore MM CLO LLC          | Lake Shore MM CLO II Ltd                                            | CUSIP: 510760AL5<br>LEI: 5493004NSSTVWDFT9W29 | Long             | ABS-CBDO         | CORP              | KY        |    762658 | PA      | $762839.95    | 0.23%             | 2031-10-17      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FX4G0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    566888 | PA      | $562279.30    | 0.17%             | 2030-08-25      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FXLT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    510832 | PA      | $509436.96    | 0.16%             | 2027-08-25      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FXR26<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    311798 | PA      | $310050.16    | 0.10%             | 2030-10-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC              | PRPM 2024-RCF1 LLC                                                  | CUSIP: 693581AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    811508 | PA      | $797021.81    | 0.25%             | 2054-01-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PVH CORP                       | PVH Corp                                                            | CUSIP: 693656AC4<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | DBT              | CORP              | US        |    750000 | PA      | $749877.09    | 0.23%             | 2025-07-10      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Pagaya Point of Sale Holdings  | Pagaya Point of Sale Holdings Grantor Trust 2025-1                  | CUSIP: 694952AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1207885.44   | 0.37%             | 2034-01-20      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Pagaya Point of Sale Holdings  | Pagaya Point of Sale Holdings Grantor Trust 2025-1                  | CUSIP: 694952AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $756448.80    | 0.23%             | 2034-01-20      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2024-2                                         | CUSIP: 694961AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    540195 | PA      | $545204.17    | 0.17%             | 2031-08-15      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya Ai Debt Trust 2025-R1                                        | CUSIP: 69547CAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1003260.80   | 0.31%             | 2032-06-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya Ai Debt Trust 2025-R1                                        | CUSIP: 69547CAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1007885.00   | 0.31%             | 2032-06-15      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2025-4                                         | CUSIP: 69547DAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1509238.50   | 0.46%             | 2033-01-17      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2025-4                                         | CUSIP: 69547DAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1008612.00   | 0.31%             | 2033-01-17      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2025-4                                         | CUSIP: 69547DAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1009961.00   | 0.31%             | 2033-01-17      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2024-3                                         | CUSIP: 69547XAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    196898 | PA      | $198252.20    | 0.06%             | 2031-10-15      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2024-3                                         | CUSIP: 69547XAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    846752 | PA      | $853663.89    | 0.26%             | 2031-10-15      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2024-1                                         | CUSIP: 69548AAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    564443 | PA      | $569203.30    | 0.18%             | 2031-07-15      | Fixed         | 7.11%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2024-1                                         | CUSIP: 69548AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    448537 | PA      | $454730.05    | 0.14%             | 2031-07-15      | Fixed         | 8.34%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd | Palmer Square Loan Funding 2022-3 Ltd                               | CUSIP: 69690CAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    676003 | PA      | $674296.79    | 0.21%             | 2031-04-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Parliament Funding II Ltd      | Parliament Funding II ltd                                           | CUSIP: 70163QAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1632710 | PA      | $1633508.31   | 0.50%             | 2031-10-20      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL       | Penske Truck Leasing Co Lp / PTL Finance Corp                       | CUSIP: 709599BU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    625000 | PA      | $630374.95    | 0.19%             | 2026-05-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trus | Prestige Auto Receivables Trust 2025-1                              | CUSIP: 74113UAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2010669.20   | 0.62%             | 2028-11-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC              | PRPM 2024-4 LLC                                                     | CUSIP: 74390EAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    872601 | PA      | $886914.70    | 0.27%             | 2029-08-25      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| Prosper Marketplace Issuance T | Prosper Marketplace Issuance Trust Series 2023-1                    | CUSIP: 74390NAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    120133 | PA      | $120331.25    | 0.04%             | 2029-07-16      | Fixed         | 7.48%                 | No            |                  2 | On Loan: No      |
| Prosper Marketplace Issuance T | Prosper Marketplace Issuance Trust Series 2023-1                    | CUSIP: 74390NAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $606576.84    | 0.19%             | 2029-07-16      | Fixed         | 8.29%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL INSURANCE CO        | Prudential Insurance Co of America/The                              | CUSIP: 743917AH9<br>LEI: X574KRZ6V5A7UBU45C31 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250000.00    | 0.08%             | 2025-07-01      | Fixed         | 8.30%                 | No            |                  2 | On Loan: No      |
| Purchasing Power Funding       | Purchasing Power Funding 2024-A LLC                                 | CUSIP: 745935AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $402912.96    | 0.12%             | 2028-08-15      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| RADIAN GROUP INC               | Radian Group Inc                                                    | CUSIP: 750236AW1<br>LEI: 54930005OUP720S5U385 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1551990.80   | 0.48%             | 2027-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FLYN8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    435869 | PA      | $437245.36    | 0.13%             | 2029-03-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FMU67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1912177 | PA      | $1888312.56   | 0.58%             | 2026-05-25      | Fixed         | 2.86%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FPHV0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1185362 | PA      | $1178810.44   | 0.36%             | 2025-09-25      | Variable      | 2.23%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FREN7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    366907 | PA      | $368285.11    | 0.11%             | 2029-12-25      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FREP2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    397372 | PA      | $398186.42    | 0.12%             | 2029-12-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FTZZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    808230 | PA      | $807020.73    | 0.25%             | 2030-05-25      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FX4E5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    141722 | PA      | $141300.13    | 0.04%             | 2030-08-25      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137BQYS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2423758 | PA      | $2387920.07   | 0.73%             | 2026-05-25      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137BRQJ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2656342 | PA      | $2609746.85   | 0.80%             | 2026-07-25      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137BSP72<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2777000 | PA      | $2725769.90   | 0.84%             | 2026-08-25      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| TOLL BROS FINANCE CORP         | Toll Brothers Finance Corp                                          | CUSIP: 88947EAS9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1605960.27   | 0.49%             | 2027-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                                         | CUSIP: 912797MG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $2489205.61   | 0.77%             | 2025-08-07      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                                         | CUSIP: 912797MH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2976985.95   | 0.92%             | 2025-09-04      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                                         | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3500000 | PA      | $3461838.52   | 1.07%             | 2025-10-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co LLC                                            | CUSIP: 92840VAT9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    400000 | PA      | $402205.60    | 0.12%             | 2026-12-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                   | Voya CLO 2019-3 Ltd                                                 | CUSIP: 92918FAF1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1956094 | PA      | $1954992.91   | 0.60%             | 2032-10-17      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT       | Western Midstream Operating LP                                      | CUSIP: 958254AK0<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1149903.24   | 0.35%             | 2028-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Asset Trust 2023-4                     | CUSIP: 76088UAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    106881 | PA      | $107674.93    | 0.03%             | 2032-03-25      | Fixed         | 7.54%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Asset Trust 2025-3                     | CUSIP: 76090QAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2010989.40   | 0.62%             | 2034-02-27      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ROLLS-ROYCE PLC                | Rolls-Royce PLC                                                     | CUSIP: 77578JAB4<br>LEI: X57JK1U580XATGR67572 | Long             | DBT              | CORP              | GB        |   1250000 | PA      | $1248328.63   | 0.38%             | 2025-10-14      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Romark CLO Ltd                 | Romark CLO V Ltd                                                    | CUSIP: 77588PAA0<br>LEI: 549300NIP2J0NPQTYT18 | Long             | ABS-CBDO         | CORP              | KY        |    736842 | PA      | $736832.50    | 0.23%             | 2035-01-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES        | Royal Caribbean Cruises Ltd                                         | CUSIP: 780153BH4<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1600000 | PA      | $1592950.88   | 0.49%             | 2026-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC             | Royalty Pharma PLC                                                  | CUSIP: 78081BAH6<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $894088.93    | 0.28%             | 2025-09-02      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| SAFCO Auto Receivables Trust   | SAFCO Auto Receivables Trust 2024-1                                 | CUSIP: 78637EAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250489.18    | 0.08%             | 2028-11-20      | Fixed         | 6.31%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg | Saluda Grade Alternative Mortgage Trust 2023-FIG4                   | CUSIP: 79581UAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    367151 | PA      | $379572.08    | 0.12%             | 2053-11-25      | Variable      | 6.72%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                | Sealed Air Corp                                                     | CUSIP: 81211KAZ3<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1579624.45   | 0.49%             | 2026-10-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2023-4                                       | CUSIP: 81743JAK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    224103 | PA      | $227166.28    | 0.07%             | 2053-11-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC            | Silgan Holdings Inc                                                 | CUSIP: 827048AX7<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1605784.29   | 0.49%             | 2026-04-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| Sotheby's Artfi Master Trust 2 | Sotheby's Artfi Master Trust                                        | CUSIP: 83589CAA6<br>LEI: 9845002FA850DM72BA31 | Long             | ABS-O            | CORP              | US        |   1312000 | PA      | $1323354.31   | 0.41%             | 2031-12-22      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD            | Sound Point CLO IX Ltd                                              | CUSIP: 83609GBN4<br>LEI: 549300W2FX6HEXN27U70 | Long             | ABS-CBDO         | CORP              | KY        |   2945711 | PA      | $2948965.83   | 0.91%             | 2032-07-20      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD            | Sounds Point CLO IV-R LTD                                           | CUSIP: 83609YAC0<br>LEI: 549300HOEGQTNS4MTZ12 | Long             | ABS-CBDO         | CORP              | KY        |   4277159 | PA      | $4282189.22   | 1.32%             | 2031-04-18      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD            | SOUND POINT CLO XIX Ltd                                             | CUSIP: 83610JAA4<br>LEI: 5493001QI7ZD0IPL4A34 | Long             | ABS-CBDO         | CORP              | KY        |    948814 | PA      | $949230.81    | 0.29%             | 2031-04-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| SPRINT LLC                     | Sprint LLC                                                          | CUSIP: 85207UAK1<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $1272190.71   | 0.39%             | 2026-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Steele Creek CLO Ltd           | Steele Creek CLO 2014-1 Ltd                                         | CUSIP: 85816WAE4<br>LEI: 549300ZMV389HVGL0K94 | Long             | ABS-CBDO         | CORP              | KY        |   1004394 | PA      | $1004764.87   | 0.31%             | 2031-04-21      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| HCA INC                        | HCA Inc                                                             | CUSIP: 404119CP2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1175166.78   | 0.36%             | 2028-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT         | HAT Holdings I LLC / HAT Holdings II LLC                            | CUSIP: 418751AE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1469148.11   | 0.45%             | 2026-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC    | Hertz Vehicle Financing III LP                                      | CUSIP: 42806MAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $479718.95    | 0.15%             | 2027-12-27      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| HEXCEL CORP                    | Hexcel Corp                                                         | CUSIP: 428291AN8<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | DBT              | CORP              | US        |    570000 | PA      | $564806.76    | 0.17%             | 2027-02-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                 | ACHV ABS Trust 2024-3AL                                             | CUSIP: 00092KAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    681926 | PA      | $683277.08    | 0.21%             | 2031-12-26      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                     | Affirm Asset Securitization Trust 2023-B                            | CUSIP: 00792FAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $301355.70    | 0.09%             | 2028-09-15      | Fixed         | 7.44%                 | No            |                  2 | On Loan: No      |
| Affirm Master Trust            | Affirm Master Trust                                                 | CUSIP: 00833BAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1007051.50   | 0.31%             | 2033-02-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                  | Aircastle Ltd                                                       | CUSIP: 00928QAT8<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |    750000 | PA      | $749965.02    | 0.23%             | 2025-08-11      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BCRED BSL Static CLO Ltd       | BCRED BSL Static CLO 2025-1 Ltd                                     | CUSIP: 05556KAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999502.00    | 0.31%             | 2035-07-24      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| BOF URSA FUNDING               | BOF URSA VI Funding Trust I                                         | CUSIP: 05603LAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    385991 | PA      | $387735.17    | 0.12%             | 2031-10-27      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                    | Truist Bank                                                         | CUSIP: 07330MAB3<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    750000 | PA      | $748006.98    | 0.23%             | 2025-09-16      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC               | Berry Global Inc                                                    | CUSIP: 08576PAH4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1178699.76   | 0.36%             | 2026-01-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| Black Diamond CLO Ltd          | Black Diamond Clo 2019-2 Ltd                                        | CUSIP: 09204GAF6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    999455 | PA      | $1000392.39   | 0.31%             | 2032-07-23      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| BLOCK FINANCIAL LLC            | Block Financial LLC                                                 | CUSIP: 093662AG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $600200.60    | 0.18%             | 2025-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BOEING CO                      | Boeing Co/The                                                       | CUSIP: 097023DA0<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    592000 | PA      | $585344.09    | 0.18%             | 2026-02-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| COOPR Residential Mortgage Tru | COOPR Residential Mortgage Trust 2025-CES1                          | CUSIP: 12596SAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    491994 | PA      | $495302.48    | 0.15%             | 2060-05-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | CPS Auto Receivables Trust 2022-D                                   | CUSIP: 12663UAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    605000 | PA      | $631065.94    | 0.19%             | 2029-01-16      | Fixed         | 8.73%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES          | Continental Resources Inc/OK                                        | CUSIP: 212015AU5<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1643383.81   | 0.51%             | 2026-11-15      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust           | Cross 2025-H4 Mortgage Trust                                        | CUSIP: 22790AAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    491634 | PA      | $496612.49    | 0.15%             | 2070-06-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| FMC CORP                       | FMC Corp                                                            | CUSIP: 302491AT2<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1570375.78   | 0.48%             | 2026-10-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137F73D5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1058083 | PA      | $1054412.57   | 0.32%             | 2027-10-25      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137F84A8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1011858 | PA      | $1007645.63   | 0.31%             | 2030-11-25      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137F84B6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    337286 | PA      | $334279.32    | 0.10%             | 2030-11-25      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137F84M2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    806896 | PA      | $798067.53    | 0.25%             | 2030-11-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137F8MQ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    946916 | PA      | $941174.41    | 0.29%             | 2030-12-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| FLEX LTD                       | Flex Ltd                                                            | CUSIP: 33938XAC9<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |    300000 | PA      | $298077.26    | 0.09%             | 2026-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                            | CUSIP: 345397B51<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1547784.38   | 0.48%             | 2028-02-16      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Fortress Credit Opportunities  | Fortress Credit Opportunities XXXI CLO Ltd                          | CUSIP: 34990GAA3<br>LEI: 25490034R237Z9DZDO05 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2004382.00   | 0.62%             | 2033-07-20      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                 | NRG Energy Inc                                                      | CUSIP: 629377CN0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    999000 | PA      | $984569.52    | 0.30%             | 2025-12-02      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FUEL GAS CO           | National Fuel Gas Co                                                | CUSIP: 636180BS9<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1566716.77   | 0.48%             | 2026-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman Loan Advisers CLO 34 Ltd                           | CUSIP: 64132YAQ5<br>LEI: 5493009EGZQAPYYVLD80 | Long             | ABS-CBDO         | CORP              | KY        |   1083312 | PA      | $1081839.78   | 0.33%             | 2035-01-20      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman Loan Advisers CLO 36 Ltd                           | CUSIP: 64133KAW1<br>LEI: 549300MZGBBYK103F794 | Long             | ABS-CBDO         | CORP              | KY        |   1235013 | PA      | $1233367.05   | 0.38%             | 2033-04-20      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC                    | Ovintiv Inc                                                         | CUSIP: 651290AR9<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1401339.44   | 0.43%             | 2026-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                    | OCP CLO 2014-5 Ltd                                                  | CUSIP: 67102SAL8<br>LEI: 254900NXH68CRC058O44 | Long             | ABS-CBDO         | CORP              | KY        |     71822 | PA      | $71839.02     | 0.02%             | 2031-04-26      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                       | OZLM XXIV Ltd                                                       | CUSIP: 67113DAW4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1837169 | PA      | $1837568.14   | 0.57%             | 2032-07-20      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2024-NQM2 Trust                                                 | CUSIP: 67118HAA8<br>LEI: 254900OHTVKDKZL33I54 | Long             | ABS-MBS          | CORP              | US        |    716689 | PA      | $727798.72    | 0.22%             | 2063-12-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2025-NQM7 Trust                                                 | CUSIP: 67121DAC8<br>LEI: 2549008GB179CC65SK60 | Long             | ABS-MBS          | CORP              | US        |    967021 | PA      | $970906.13    | 0.30%             | 2055-05-25      | Variable      | 5.86%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR       | Occidental Petroleum Corp                                           | CUSIP: 674599CR4<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1667955.68   | 0.51%             | 2026-08-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust       | Octane Receivables Trust 2022-2                                     | CUSIP: 67578XAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1030997.20   | 0.32%             | 2030-02-20      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 28 | Octagon Investment Partners 28 Ltd                                  | CUSIP: 67591EBE2<br>LEI: 254900BI638DCRT6IN48 | Long             | ABS-CBDO         | CORP              | KY        |   1052632 | PA      | $1055888.42   | 0.32%             | 2037-04-24      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                      | ONEOK Inc                                                           | CUSIP: 682680BR3<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1201065.96   | 0.37%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                      | ONEOK Inc                                                           | CUSIP: 682680CL5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200414.26    | 0.06%             | 2026-07-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC            | Oportun Issuance Trust 2024-2                                       | CUSIP: 68377KAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    169415 | PA      | $169630.04    | 0.05%             | 2032-02-09      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC            | Oportun Issuance Trust 2022-3                                       | CUSIP: 68378NAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1400000 | PA      | $1400682.22   | 0.43%             | 2031-06-09      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC         | Pacific Gas and Electric Co                                         | CUSIP: 694308JP3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1386788.24   | 0.43%             | 2026-01-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2024-10                                | CUSIP: 69544MAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    999915 | PA      | $1002161.69   | 0.31%             | 2032-06-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization T | Tricolor Auto Securitization Trust 2024-3                           | CUSIP: 89617AAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2005358.80   | 0.62%             | 2028-09-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd               | Trinitas Clo IX Ltd                                                 | CUSIP: 89641JAW6<br>LEI: 549300QFERVNPGSISO16 | Long             | ABS-CBDO         | CORP              | KY        |   1962482 | PA      | $1962892.40   | 0.60%             | 2032-01-20      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC            | United Airlines Inc                                                 | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1540721.86   | 0.47%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust | Upgrade Master Pass-Thru Trust Series 2025-ST4                      | CUSIP: 91533MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.31%             | 2032-08-16      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2021-2                                 | CUSIP: 91680FAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    126831 | PA      | $126190.18    | 0.04%             | 2031-06-20      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| Upstart Structured Pass-Throug | Upstart Structured Pass-Through Trust Series 2022-4A                | CUSIP: 91680YBE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    252950 | PA      | $254569.17    | 0.08%             | 2030-11-15      | Fixed         | 8.54%                 | No            |                  2 | On Loan: No      |
| Upstart Pass Through Trust     | Upstart Pass-Through Trust Series 2022-ST3                          | CUSIP: 91681EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    111959 | PA      | $111213.06    | 0.03%             | 2030-05-20      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust                                        | CUSIP: 91684NAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    897915 | PA      | $899577.90    | 0.28%             | 2034-11-20      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                | Venture 32 CLO Ltd                                                  | CUSIP: 92325QAA5<br>LEI: 549300UP09C89Q3HWD39 | Long             | ABS-CBDO         | CORP              | KY        |    493472 | PA      | $493954.81    | 0.15%             | 2031-07-18      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Veros Auto Receivables Trust   | Veros Auto Receivables Trust 2023-1                                 | CUSIP: 924933AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     39286 | PA      | $39337.69     | 0.01%             | 2028-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2025-4                                   | CUSIP: 92540UAE7<br>LEI: 2138009ZO3B2B5MAHZ49 | Long             | ABS-MBS          | CORP              | US        |   1633064 | PA      | $1647148.76   | 0.51%             | 2070-05-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE         | VICI Properties LP / VICI Note Co Inc                               | CUSIP: 92564RAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $147755.92    | 0.05%             | 2027-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE         | VICI Properties LP / VICI Note Co Inc                               | CUSIP: 92564RAH8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1455000 | PA      | $1451367.74   | 0.45%             | 2026-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co LLC                                            | CUSIP: 92840VAG7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1135287.75   | 0.35%             | 2027-01-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust 2024-CES3                          | CUSIP: 92841WAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1841078 | PA      | $1859766.37   | 0.57%             | 2055-01-25      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust Series 2024-CES2                   | CUSIP: 92841YAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    419096 | PA      | $419817.08    | 0.13%             | 2054-10-25      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust 2025-CES1                          | CUSIP: 92842DAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2889286 | PA      | $2927468.37   | 0.90%             | 2055-04-25      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                | Venture XVIII CLO Ltd                                               | CUSIP: BCC2EMJ10<br>LEI: 549300MWRVTJN0X3KI79 | Long             | ABS-CBDO         | CORP              | KY        |    897663 | PA      | $899154.44    | 0.28%             | 2029-10-15      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| N/A                            | US 2YR NOTE (CBT) Sep25                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        13 | NC      | $11329.51     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRCASTLE LTD                  | Aircastle Ltd                                                       | CUSIP: 00928QAU5<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |   1650000 | PA      | $1571563.93   | 0.48%             | 2028-01-26      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec | American Credit Acceptance Receivables Trust 2022-4                 | CUSIP: 02529XAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1182034 | PA      | $1196724.09   | 0.37%             | 2029-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec | American Credit Acceptance Receivables Trust 2023-1                 | CUSIP: 02530UAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1790000 | PA      | $1810636.19   | 0.56%             | 2029-04-12      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2024-11                                | CUSIP: 69544AAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1999770 | PA      | $2006533.49   | 0.62%             | 2032-07-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2024-5                                 | CUSIP: 69544LAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    684269 | PA      | $691745.96    | 0.21%             | 2031-10-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-1                                 | CUSIP: 69544NAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    999915 | PA      | $1005716.42   | 0.31%             | 2032-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-1                                 | CUSIP: 69544NAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    499957 | PA      | $502849.76    | 0.15%             | 2032-07-15      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                 | ACHV ABS TRUST 2023-3PL                                             | CUSIP: 000876AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     32752 | PA      | $32797.68     | 0.01%             | 2030-08-19      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                 | ACHV ABS TRUST 2023-1PL                                             | CUSIP: 00091XAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    535603 | PA      | $541825.59    | 0.17%             | 2030-03-18      | Fixed         | 8.47%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2024-8                                 | CUSIP: 69544QAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    374542 | PA      | $375959.79    | 0.12%             | 2032-01-15      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2024-8                                 | CUSIP: 69544QAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    596264 | PA      | $599181.94    | 0.18%             | 2032-01-15      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-3                                 | CUSIP: 69544TAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $500885.10    | 0.15%             | 2032-12-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-3                                 | CUSIP: 69544TAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $510251.50    | 0.16%             | 2032-12-15      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FGRL1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1089069 | PA      | $1086705.58   | 0.33%             | 2028-06-25      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FHGE7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1492940 | PA      | $1483934.95   | 0.46%             | 2026-09-25      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FKWZ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    543801 | PA      | $546599.33    | 0.17%             | 2028-12-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FL6K5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    999569 | PA      | $1002737.86   | 0.31%             | 2029-02-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FLN34<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2159752 | PA      | $2145225.47   | 0.66%             | 2026-02-25      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya Ai Debt Grantor Trust 2024-9                                 | CUSIP: 69546QAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400237 | PA      | $400369.49    | 0.12%             | 2032-03-15      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust 2021-HG1                             | CUSIP: 69547PAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     57453 | PA      | $56571.45     | 0.02%             | 2029-01-16      | Fixed         | 1.82%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2022-5                                         | CUSIP: 69548HAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10277 | PA      | $10312.26     | 0.00%             | 2030-06-17      | Fixed         | 8.10%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137BSRE5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $1974054.00   | 0.61%             | 2026-09-25      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137BTAC5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1150000 | PA      | $1136198.85   | 0.35%             | 2026-10-25      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137BTUM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    837698 | PA      | $827351.20    | 0.25%             | 2026-11-25      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137BUX60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2500000 | PA      | $2469472.50   | 0.76%             | 2026-12-25      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137F62A4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3814421 | PA      | $3804324.50   | 1.17%             | 2030-09-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137F6JH1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    340826 | PA      | $337206.19    | 0.10%             | 2030-09-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| LJV I MM CLO LLC               | LJV I MM CLO LLC                                                    | CUSIP: 50203VAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3111224 | PA      | $3117057.08   | 0.96%             | 2034-04-28      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC               | LPL Holdings Inc                                                    | CUSIP: 50212YAJ3<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    850000 | PA      | $866423.38    | 0.27%             | 2027-05-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust  | Lendbuzz Securitization Trust 2024-3                                | CUSIP: 52609YAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    489960 | PA      | $490617.76    | 0.15%             | 2029-10-15      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC       | Lloyds Banking Group PLC                                            | CUSIP: 539439AM1<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    700000 | PA      | $699434.10    | 0.22%             | 2025-12-10      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC       | Lloyds Banking Group PLC                                            | CUSIP: 53944YAB9<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    850000 | PA      | $849359.21    | 0.26%             | 2026-03-24      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Lobel Automobile Receivables T | Lobel Automobile Receivables Trust 2023-1                           | CUSIP: 53946XAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $252656.70    | 0.08%             | 2028-10-16      | Fixed         | 8.31%                 | No            |                  2 | On Loan: No      |
| Lobel Automobile Receivables T | Lobel Automobile Receivables Trust 2023-1                           | CUSIP: 53946XAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1516000 | PA      | $1543843.16   | 0.48%             | 2030-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd       | Madison Park Funding XVIII Ltd                                      | CUSIP: 55819BAW0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1103460 | PA      | $1104465.36   | 0.34%             | 2030-10-21      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd       | Madison Park Funding LII Ltd                                        | CUSIP: 55822BAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    315789 | PA      | $315782.20    | 0.10%             | 2035-01-22      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Maranon Loan Funding Ltd       | Maranon Loan Funding 2021-3 Ltd                                     | CUSIP: 56577NAQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    875000 | PA      | $874977.25    | 0.27%             | 2036-10-15      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust         | Marlette Funding Trust 2021-3                                       | CUSIP: 57108QAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4306 | PA      | $4300.64      | 0.00%             | 2031-12-15      | Fixed         | 1.81%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust         | Marlette Funding Trust 2022-3                                       | CUSIP: 57109NAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    772630 | PA      | $775338.89    | 0.24%             | 2032-11-15      | Fixed         | 6.89%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust         | Marlette Funding Trust 2023-3                                       | CUSIP: 57109RAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $605656.44    | 0.19%             | 2033-09-15      | Fixed         | 7.06%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust         | Marlette Funding Trust 2023-1                                       | CUSIP: 57110PAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2862000 | PA      | $2884501.62   | 0.89%             | 2033-04-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                     | Mattel Inc                                                          | CUSIP: 577081BE1<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1481602.35   | 0.46%             | 2026-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| MERITAGE HOMES CORP            | Meritage Homes Corp                                                 | CUSIP: 59001ABA9<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1214560.80   | 0.37%             | 2027-06-06      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Milos CLO, LTD                 | Milos CLO Ltd                                                       | CUSIP: 60162PAE2<br>LEI: 254900GFWI4EEB8IJS18 | Long             | ABS-CBDO         | CORP              | KY        |   1083657 | PA      | $1084982.58   | 0.33%             | 2030-10-20      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| MOUNTAIN VIEW CLO              | Mountain View CLO 2017-2 LLC                                        | CUSIP: 62432LAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     83983 | PA      | $83985.37     | 0.03%             | 2031-01-16      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                 | ACHV ABS TRUST 2023-3PL                                             | CUSIP: 000876AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1015809.40   | 0.31%             | 2030-08-19      | Fixed         | 8.36%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                 | ACHV ABS TRUST 2024-1PL                                             | CUSIP: 00092BAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    129086 | PA      | $130241.45    | 0.04%             | 2031-04-25      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                 | ACHV ABS TRUST 2024-2PL                                             | CUSIP: 00092HAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    234431 | PA      | $235950.52    | 0.07%             | 2031-10-27      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                 | ACHV ABS TRUST 2024-2PL                                             | CUSIP: 00092HAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2194175 | PA      | $2201637.83   | 0.68%             | 2031-10-27      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137F8ZR7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    197842 | PA      | $195470.08    | 0.06%             | 2030-12-25      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137F9Z46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    512844 | PA      | $505429.63    | 0.16%             | 2030-12-25      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust            | DT Auto Owner Trust 2022-2                                          | CUSIP: 23345AAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2003186.60   | 0.62%             | 2028-03-15      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC            | Delta Air Lines Inc                                                 | CUSIP: 247361ZZ4<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1522026.00   | 0.47%             | 2026-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 80 CLO Ltd                                                   | CUSIP: 26245JAQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1639012 | PA      | $1636678.83   | 0.50%             | 2033-01-17      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| EQT CORP                       | EQT Corp                                                            | CUSIP: 26884LAF6<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    821000 | PA      | $810362.04    | 0.25%             | 2027-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| EQT CORP                       | EQT Corp                                                            | CUSIP: 26884LAM1<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    879000 | PA      | $865635.32    | 0.27%             | 2026-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL           | Edison International                                                | CUSIP: 281020AU1<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    600000 | PA      | $599087.74    | 0.18%             | 2025-08-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2022-3                          | CUSIP: 30166YAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $812482.08    | 0.25%             | 2028-09-15      | Fixed         | 6.76%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2023-3                          | CUSIP: 301989AF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1021558.80   | 0.31%             | 2029-04-16      | Fixed         | 6.68%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                 | Fannie Mae-Aces                                                     | CUSIP: 3136AN6U6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1071781 | PA      | $1048871.67   | 0.32%             | 2027-04-25      | Variable      | 3.09%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                 | Fannie Mae-Aces                                                     | CUSIP: 3136AVY52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    962674 | PA      | $940416.93    | 0.29%             | 2026-12-25      | Variable      | 2.64%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                 | Fannie Mae-Aces                                                     | CUSIP: 3136AY6U2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    506250 | PA      | $496295.90    | 0.15%             | 2027-11-25      | Variable      | 3.21%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137BLMZ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     50290 | PA      | $50201.34     | 0.02%             | 2025-07-25      | Fixed         | 3.01%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137BLW95<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    410284 | PA      | $409561.91    | 0.13%             | 2025-08-25      | Variable      | 3.33%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137BN6G4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2300960 | PA      | $2284777.84   | 0.70%             | 2025-12-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137BNGT5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    718227 | PA      | $711420.74    | 0.22%             | 2026-01-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137BPW21<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2141560 | PA      | $2114935.68   | 0.65%             | 2026-03-25      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                     | CUSIP: 3138LCJ97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1500000 | PA      | $1494742.50   | 0.46%             | 2025-11-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                     | CUSIP: 3138LFXK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    912503 | PA      | $891087.46    | 0.27%             | 2026-10-01      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                     | CUSIP: 3138LLXU4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2750000 | PA      | $2685892.00   | 0.83%             | 2027-12-01      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY BANK                 | Synchrony Bank                                                      | CUSIP: 87166FAE3<br>LEI: 549300UATVPGSLE43Z27 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255018.68    | 0.08%             | 2027-08-23      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TCI-Symphony CLO               | TCI-Symphony CLO 2016-1 Ltd                                         | CUSIP: 87229WAQ4<br>LEI: 5493005WLG3H3B8NI222 | Long             | ABS-CBDO         | CORP              | KY        |    857973 | PA      | $858978.99    | 0.26%             | 2032-10-13      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| TEACHERS INSURANCE AND ANNUITY | TIAA CLO I Ltd                                                      | CUSIP: 87271LAY8<br>LEI: 549300SWQCCOXV4X1761 | Long             | ABS-CBDO         | CORP              | KY        |    953764 | PA      | $954339.10    | 0.29%             | 2031-07-20      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| TEACHERS INSURANCE AND ANNUITY | Tiaa Clo III Ltd                                                    | CUSIP: 87272HAA8<br>LEI: 54930043TEPI4UKGHU90 | Long             | ABS-CBDO         | CORP              | KY        |    634291 | PA      | $634647.87    | 0.20%             | 2031-01-16      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS       | Targa Resources Partners LP / Targa Resources Partners Finance Corp | CUSIP: 87612BBL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    560000 | PA      | $560376.44    | 0.17%             | 2027-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TEXTRON INC                    | Textron Inc                                                         | CUSIP: 883203BW0<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1195724.60   | 0.37%             | 2026-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Theorem Funding Trust          | Theorem Funding Trust 2022-2                                        | CUSIP: 88339FAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1519640.70   | 0.47%             | 2028-12-15      | Fixed         | 9.27%                 | No            |                  2 | On Loan: No      |
| American Money Management Corp | AMMC CLO 21 LTD                                                     | CUSIP: 00178LAC3<br>LEI: 549300DYK366J47FIO80 | Long             | ABS-CBDO         | CORP              | KY        |    118634 | PA      | $118686.58    | 0.04%             | 2030-11-02      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec | American Credit Acceptance Receivables Trust 2023-4                 | CUSIP: 02530CAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1350000 | PA      | $1367157.69   | 0.42%             | 2030-09-12      | Fixed         | 6.99%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec | American Credit Acceptance Receivables Trust 2023-3                 | CUSIP: 02530EAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3700000 | PA      | $3778459.98   | 1.16%             | 2029-10-12      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| APOLLO MANAGEMENT HOLDIN       | Apollo Management Holdings LP                                       | CUSIP: 03765HAB7<br>LEI: 5493006XQW0V5K38YM64 | Long             | DBT              | CORP              | US        |    370000 | PA      | $369522.63    | 0.11%             | 2026-05-27      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP              | Ares Capital Corp                                                   | CUSIP: 04010LAY9<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    750000 | PA      | $749549.17    | 0.23%             | 2025-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP              | Ares Capital Corp                                                   | CUSIP: 04010LBE2<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    950000 | PA      | $980528.61    | 0.30%             | 2027-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ARROW ELECTRONICS INC          | Arrow Electronics Inc                                               | CUSIP: 042735BF6<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1177316.95   | 0.36%             | 2028-01-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC            | Ashtead Capital Inc                                                 | CUSIP: 045054AN3<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1548331.81   | 0.48%             | 2026-08-12      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING          | Athene Global Funding                                               | CUSIP: 04685A3V1<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    700000 | PA      | $706404.18    | 0.22%             | 2026-05-08      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC                 | AutoNation Inc                                                      | CUSIP: 05329WAM4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $749697.38    | 0.23%             | 2025-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding | Avis Budget Rental Car Funding AESOP LLC                            | CUSIP: 05377REA8<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $495553.75    | 0.15%             | 2027-02-20      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding | Avis Budget Rental Car Funding AESOP LLC                            | CUSIP: 05377REC4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $397645.60    | 0.12%             | 2027-02-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding | Avis Budget Rental Car Funding AESOP LLC                            | CUSIP: 05377REH3<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1207000 | PA      | $1172645.76   | 0.36%             | 2027-08-20      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding | Avis Budget Rental Car Funding AESOP LLC                            | CUSIP: 05377REK6<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    460000 | PA      | $446213.48    | 0.14%             | 2027-08-20      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding | Avis Budget Rental Car Funding AESOP LLC                            | CUSIP: 05377RFW9<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1011816.60   | 0.31%             | 2027-04-20      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| AVNET INC                      | Avnet Inc                                                           | CUSIP: 053807AS2<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1198519.92   | 0.37%             | 2026-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Freedom Financial              | FREED ABS Trust 2021-3FP                                            | CUSIP: 30322MAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30344 | PA      | $30216.24     | 0.01%             | 2028-11-20      | Fixed         | 2.37%                 | No            |                  2 | On Loan: No      |
| Fortress Credit Opportunities  | Fortress Credit Opportunities XXXV CLO Ltd                          | CUSIP: 34966YAA4<br>LEI: 254900MPTCO8UJSR7X39 | Long             | ABS-CBDO         | CORP              | KY        |   2100000 | PA      | $2100000.00   | 0.65%             | 2033-07-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2022-HQA2                             | CUSIP: 35564KB32<br>LEI: 5493000IRLADKYZNON28 | Long             | ABS-MBS          | CORP              | US        |   1550000 | PA      | $1637069.70   | 0.50%             | 2042-07-25      | Floating      | 8.31%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2021-DNA7                             | CUSIP: 35564KMA4<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-MBS          | CORP              | US        |    178794 | PA      | $178957.28    | 0.06%             | 2041-11-25      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2024-DNA1                             | CUSIP: 35564NAX1<br>LEI: 529900N6M839KA246662 | Long             | ABS-MBS          | CORP              | US        |    998078 | PA      | $1001901.60   | 0.31%             | 2044-02-25      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2024-HQA2                             | CUSIP: 35564NDZ3<br>LEI: 5299002OYNAPMJKK2A73 | Long             | ABS-MBS          | CORP              | US        |   1522856 | PA      | $1529160.45   | 0.47%             | 2044-08-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Freedom Financial              | FREED ABS Trust 2022-3FP                                            | CUSIP: 35634EAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    265643 | PA      | $267205.67    | 0.08%             | 2029-08-20      | Fixed         | 7.36%                 | No            |                  2 | On Loan: No      |
| Freedom Financial              | FREED ABS Trust 2022-4FP                                            | CUSIP: 35634JAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    628328 | PA      | $632685.15    | 0.19%             | 2029-12-18      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| Frontier Issuer LLC            | Frontier Issuer LLC                                                 | CUSIP: 35910EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1016386.50   | 0.31%             | 2053-08-20      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| GATX CORP                      | GATX Corp                                                           | CUSIP: 361448AY9<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |    450000 | PA      | $443522.37    | 0.14%             | 2026-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GATX CORP                      | GATX Corp                                                           | CUSIP: 361448BA0<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |    280000 | PA      | $273678.97    | 0.08%             | 2028-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2023-PJ6                        | CUSIP: 36268FBB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    286464 | PA      | $293563.14    | 0.09%             | 2054-04-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2024-HE2                        | CUSIP: 36271AAA1<br>LEI: 254900W4Z6DJOVCWAH28 | Long             | ABS-MBS          | CORP              | US        |   1238770 | PA      | $1242878.62   | 0.38%             | 2055-01-25      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| Gallatin Loan Management, LLC  | Gallatin CLO VIII 2017-1 Ltd                                        | CUSIP: 36361UAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1325632 | PA      | $1326146.20   | 0.41%             | 2031-07-15      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                                     | CUSIP: 37045XDH6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1552758.85   | 0.48%             | 2028-04-10      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2022-3                            | CUSIP: 38014QAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2028482.80   | 0.62%             | 2028-06-15      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN       | Graphic Packaging International LLC                                 | CUSIP: 38869PAP9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    108000 | PA      | $105198.16    | 0.03%             | 2026-04-15      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| Greenwood Park CLO, Ltd        | Greenwood Park CLO Ltd                                              | CUSIP: 39729RAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    106667 | PA      | $106735.60    | 0.03%             | 2031-04-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC            | Global Payments Inc                                                 | CUSIP: 891906AC3<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199930.75    | 0.06%             | 2026-04-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-19

**Name of Applicant:** EA Series Trust

**Signature:** /s/ Sean Hegarty

**Name of Signer:** Sean Hegarty

**Title:** Treasurer