# EDGAR Filing Document

**Accession Number:** 0000003794
**File Stem:** 0001752724-23-070278
**Filing Date:** 2023-3
**Character Count:** 257010
**Document Hash:** b1150f7aa1103f06b0f665761a22cb90
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-070278.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001752724-23-070278

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AB BOND FUND, INC.
- **CENTRAL INDEX KEY:** 0000003794
- **IRS NUMBER:** 132754393
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02383
- **FILM NUMBER:** 23770471

**BUSINESS ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105
- **BUSINESS PHONE:** 2129691000

**MAIL ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANCEBERNSTEIN BOND FUND INC
- **DATE OF NAME CHANGE:** 20030319

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANCE BOND FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### AB Short Duration Income Portfolio (Series ID: S000063356)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000205394 | Advisor Class | SHUYX           |
| C000205395 | Class C       | SHUCX           |
| C000205396 | Class A       | SHUAX           |

## Nport-Ex

**AB Short Duration Income Portfolio** 

**Portfolio of Investments** 

**January 31, 2023 (unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **GOVERNMENTS - TREASURIES – 63.7%** |  |  |  |
|  **Spain – 0.5%** |  |  |  |
|  Spain Government Bond <br>0.80%, 07/30/2027<sup>(a)</sup> | EUR | 356 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;353509 |
|  **United States – 63.2%** |  |  |  |
|  U.S. Treasury Notes<br>0.625%, 05/15/2030<sup>(b)</sup> | U.S.$| 309 | 252206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 01/31/2027 |  | 499 | 457062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 08/15/2028<sup>(b)</sup> |  | 743 | 714053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 07/31/2024 |  | 5401 | 5281911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 11/15/2028 |  | 2933 | 2851953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/30/2027<sup>(c)</sup> |  | 2228 | 2186966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 01/31/2028 |  | 505 | 501923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 01/15/2026 |  | 12239 | 12225913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 11/30/2027<sup>(c)</sup> |  | 4967 | 5016468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 12/31/2027 |  | 816 | 823905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 01/31/2025 |  | 2310 | 2306391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 10/31/2027 |  | 103 | 104760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 12/31/2024 |  | 10466 | 10461294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 10/31/2024 |  | 1750 | 1750000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/30/2024<sup>(c)</sup> |  | 2732 | 2739884 |
|  |  |  | 47674689 |
|  Total Governments - Treasuries <br>(cost $48,721,325) |  |  | 48028198 |
|  **CORPORATES - INVESTMENT GRADE – 12.4%** |  |  |  |
|  **Financial Institutions – 8.7%** |  |  |  |
|  **Banking – 7.9%** |  |  |  |
|  AIB Group PLC <br>4.263%, 04/10/2025<sup>(a)</sup> |  | 200 | 195774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.583%, 10/14/2026<sup>(a)</sup> |  | 209 | 216307 |
|  Banco de Credito del Peru S.A. <br>3.125%, 07/01/2030<sup>(a)</sup> |  | 119 | 109327 |
|  Banco Santander SA <br>1.722%, 09/14/2027 |  | 200 | 175214 |
|  Bank of Ireland Group PLC <br>6.253%, 09/16/2026<sup>(a)</sup> |  | 200 | 202772 |
|  Barclays PLC <br>8.00%, 03/15/2029<sup>(d)</sup> |  | 200 | 200586 |
|  BNP Paribas SA <br>6.625%, 03/25/2024<sup>(a) (d)</sup> |  | 200 | 196790 |
|  BPCE SA <br>5.975%, 01/18/2027<sup>(a)</sup> |  | 250 | 253070 |
|  Capital One Financial Corp. <br>5.468%, 02/01/2029 |  | 67 | 67395 |
|  Credit Agricole SA <br>8.125%, 12/23/2025<sup>(a) (d)</sup> |  | 200 | 206436 |
|  Danske Bank A/S<br>3.244%, 12/20/2025<sup>(a)</sup> |  | 200 | 190672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.298%, 04/01/2028<sup>(a)</sup> |  | 200 | 192534 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Deutsche Bank AG/New York NY<br>1.447%, 04/01/2025 | U.S.$| 200 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.72%, 01/18/2029 |  | 156 | 164157 |
|  Discover Financial Services <br>6.70%, 11/29/2032 |  | 69 | 73735 |
|  HSBC Holdings PLC<br>4.041%, 03/13/2028 |  | 200 | 191826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.336%, 11/03/2026 |  | 200 | 211146 |
|  Intesa Sanpaolo SpA <br>7.00%, 11/21/2025<sup>(a)</sup> |  | 359 | 370897 |
|  Lloyds Banking Group PLC <br>2.438%, 02/05/2026 |  | 200 | 188590 |
|  Morgan Stanley<br>5.123%, 02/01/2029 |  | 22 | 22238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.296%, 10/18/2028 |  | 279 | 294895 |
|  PNC Financial Services Group, Inc. (The) <br>Series O <br>8.492% (LIBOR 3 Month + 3.68%), 05/01/2023<sup>(d) (e)</sup> |  | 12 | 12087 |
|  Santander UK Group Holdings PLC <br>6.833%, 11/21/2026 |  | 359 | 371400 |
|  Skandinaviska Enskilda Banken AB <br>6.875%, 06/30/2027<sup>(a) (d)</sup> |  | 200 | 200142 |
|  Societe Generale SA <br>6.447%, 01/12/2027<sup>(a)</sup> |  | 271 | 277900 |
|  Standard Chartered PLC <br>6.17%, 01/09/2027<sup>(a)</sup> |  | 340 | 348136 |
|  Sumitomo Mitsui Financial Group, Inc. <br>5.71%, 01/13/2030 |  | 271 | 282157 |
|  Swedbank AB <br>Series NC5 <br>5.625%, 09/17/2024<sup>(a) (d)</sup> |  | 400 | 389000 |
|  UBS Group AG <br>7.00%, 01/31/2024<sup>(a) (d)</sup> |  | 200 | 199138 |
|  |  |  | 5993421 |
|  **Brokerage – 0.4%** |  |  |  |
|  Nomura Holdings, Inc. <br>5.709%, 01/09/2026 |  | 272 | 275601 |
|  **Finance – 0.4%** |  |  |  |
|  Aircastle Ltd.<br>2.85%, 01/26/2028<sup>(a)</sup> |  | 5 | 4354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 05/01/2024 |  | 8 | 7832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/15/2026 |  | 2 | 1928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 09/25/2023 |  | 16 | 15872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/01/2023 |  | 3 | 2995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/11/2025<sup>(a)</sup> |  | 52 | 50879 |
|  Aviation Capital Group LLC <br>3.50%, 11/01/2027<sup>(a)</sup> |  | 158 | 141541 |
|  Synchrony Financial<br>3.95%, 12/01/2027 |  | 57 | 52720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 06/13/2025 |  | 50 | 49065 |
|  |  |  | 327186 |
|  |  |  | 6596208 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Industrial – 3.5%** |  |  |  |
|  **Basic – 0.2%** |  |  |  |
|  Arconic Corp. <br>6.00%, 05/15/2025<sup>(a)</sup> | U.S.$| 15 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14925 |
|  Glencore Funding LLC <br>4.875%, 03/12/2029<sup>(a)</sup> |  | 115 | 114685 |
|  |  |  | 129610 |
|  **Capital Goods – 0.1%** |  |  |  |
|  Regal Rexnord Corp. <br>6.30%, 02/15/2030<sup>(a)</sup> |  | 56 | 57016 |
|  **Communications - Media – 0.5%** |  |  |  |
|  Directv Financing LLC/Directv Financing Co-Obligor, Inc. <br>5.875%, 08/15/2027<sup>(a)</sup> |  | 46 | 41665 |
|  Interpublic Group of Cos., Inc. (The) <br>4.65%, 10/01/2028 |  | 105 | 103631 |
|  Netflix, Inc. <br>4.375%, 11/15/2026 |  | 64 | 63616 |
|  Pinewood Finance Co., Ltd. <br>3.25%, 09/30/2025<sup>(a)</sup> | GBP | 118 | 135107 |
|  |  |  | 344019 |
|  **Consumer Cyclical - Automotive – 0.2%** |  |  |  |
|  Lear Corp. <br>4.25%, 05/15/2029 | U.S.$| 150 | 141226 |
|  **Consumer Cyclical - Entertainment – 0.1%** |  |  |  |
|  Mattel, Inc. <br>5.875%, 12/15/2027<sup>(a)</sup> |  | 102 | 102129 |
|  **Consumer Cyclical - Other – 0.4%** |  |  |  |
|  Las Vegas Sands Corp. <br>3.90%, 08/08/2029 |  | 150 | 134248 |
|  Sands China Ltd. <br>5.625%, 08/08/2025 |  | 200 | 197250 |
|  |  |  | 331498 |
|  **Consumer Cyclical - Retailers – 0.2%** |  |  |  |
|  AutoNation, Inc. <br>4.75%, 06/01/2030 |  | 150 | 140962 |
|  **Consumer Non-Cyclical – 0.6%** |  |  |  |
|  Altria Group, Inc. <br>3.40%, 05/06/2030 |  | 155 | 137241 |
|  BAT International Finance PLC <br>4.448%, 03/16/2028 |  | 116 | 111061 |
|  Newell Brands, Inc.<br>4.45%, 04/01/2026 |  | 26 | 24698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 06/01/2025 |  | 7 | 6840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 09/15/2027 |  | 53 | 53286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 09/15/2029 |  | 53 | 53730 |
|  Philip Morris International, Inc. <br>5.625%, 11/17/2029 |  | 66 | 68933 |
|  |  |  | 455789 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Energy – 0.6%** |  |  |  |
|  Continental Resources, Inc./OK <br>5.75%, 01/15/2031<sup>(a)</sup> | U.S.$| 41 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40247 |
|  Ecopetrol SA<br>4.625%, 11/02/2031 |  | 15 | 11813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 06/26/2026 |  | 55 | 52975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 11/02/2051 |  | 7 | 4839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/29/2030 |  | 45 | 41950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 01/13/2033 |  | 13 | 13309 |
|  Var Energi ASA <br>7.50%, 01/15/2028<sup>(a)</sup> |  | 282 | 297104 |
|  Western Midstream Operating LP<br>3.95%, 06/01/2025 |  | 2 | 1917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 02/01/2030 |  | 20 | 18310 |
|  |  |  | 482464 |
|  **Services – 0.3%** |  |  |  |
|  Global Payments, Inc. <br>4.45%, 06/01/2028 |  | 216 | 208498 |
|  **Technology – 0.3%** |  |  |  |
|  Entegris Escrow Corp. <br>4.75%, 04/15/2029<sup>(a)</sup> |  | 112 | 105081 |
|  Western Digital Corp. <br>4.75%, 02/15/2026 |  | 116 | 112043 |
|  |  |  | 217124 |
|  |  |  | 2610335 |
|  **Utility – 0.2%** |  |  |  |
|  **Electric – 0.2%** |  |  |  |
|  Chile Electricity PEC SpA <br>Zero Coupon, 01/25/2028<sup>(a)</sup> |  | 200 | 147663 |
|  Total Corporates - Investment Grade <br>(cost $9,380,969) |  |  | 9354206 |
|  **CORPORATES - NON-INVESTMENT GRADE – 9.9%** |  |  |  |
|  **Industrial – 9.1%** |  |  |  |
|  **Basic – 0.3%** |  |  |  |
|  ASP Unifrax Holdings, Inc. <br>5.25%, 09/30/2028<sup>(a)</sup> |  | 10 | 8540 |
|  Kleopatra Finco Sarl <br>4.25%, 03/01/2026<sup>(a)</sup> | EUR | 100 | 91044 |
|  Sealed Air Corp. <br>6.125%, 02/01/2028<sup>(a)</sup> | U.S.$| 27 | 27252 |
|  WR Grace Holdings LLC <br>4.875%, 06/15/2027<sup>(a)</sup> |  | 72 | 67177 |
|  |  |  | 194013 |
|  **Capital Goods – 0.8%** |  |  |  |
|  Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. <br>4.125%, 08/15/2026<sup>(a)</sup> |  | 200 | 182568 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Chart Industries, Inc. <br>7.50%, 01/01/2030<sup>(a)</sup> | U.S.$| 25 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25538 |
|  Eco Material Technologies, Inc. <br>7.875%, 01/31/2027<sup>(a)</sup> |  | 92 | 88589 |
|  Gates Global LLC/Gates Corp. <br>6.25%, 01/15/2026<sup>(a)</sup> |  | 61 | 60075 |
|  LSB Industries, Inc. <br>6.25%, 10/15/2028<sup>(a)</sup> |  | 34 | 30637 |
|  Renk AG/Frankfurt am Main <br>5.75%, 07/15/2025<sup>(a)</sup> | EUR | 100 | 105760 |
|  Triumph Group, Inc. <br>8.875%, 06/01/2024<sup>(a)</sup> | U.S.$| 89 | 90696 |
|  |  |  | 583863 |
|  **Communications - Media – 1.1%** |  |  |  |
|  AMC Networks, Inc. <br>4.75%, 08/01/2025 |  | 181 | 153669 |
|  CCO Holdings LLC/CCO Holdings Capital Corp.<br>4.50%, 08/15/2030<sup>(a)</sup> |  | 26 | 22230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 05/01/2027<sup>(a)</sup> |  | 59 | 56222 |
|  Clear Channel Outdoor Holdings, Inc. <br>5.125%, 08/15/2027<sup>(a)</sup> |  | 60 | 54655 |
|  CSC Holdings LLC <br>7.50%, 04/01/2028<sup>(a)</sup> |  | 200 | 146108 |
|  DISH DBS Corp.<br>5.25%, 12/01/2026<sup>(a)</sup> |  | 178 | 153374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 12/01/2028<sup>(a)</sup> |  | 32 | 26245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 11/15/2024 |  | 53 | 50044 |
|  McGraw-Hill Education, Inc. <br>5.75%, 08/01/2028<sup>(a)</sup> |  | 56 | 49330 |
|  Radiate Holdco LLC/Radiate Finance, Inc. <br>4.50%, 09/15/2026<sup>(a)</sup> |  | 85 | 65108 |
|  Sirius XM Radio, Inc. <br>4.00%, 07/15/2028<sup>(a)</sup> |  | 28 | 24890 |
|  |  |  | 801875 |
|  **Communications - Telecommunications – 0.0%** |  |  |  |
|  Consolidated Communications, Inc. <br>5.00%, 10/01/2028<sup>(a)</sup> |  | 35 | 26729 |
|  **Consumer Cyclical - Automotive – 0.3%** |  |  |  |
|  Jaguar Land Rover Automotive PLC <br>7.75%, 10/15/2025<sup>(a)</sup> |  | 217 | 213608 |
|  **Consumer Cyclical - Entertainment – 1.3%** |  |  |  |
|  Carnival Corp.<br>4.00%, 08/01/2028<sup>(a)</sup> |  | 36 | 31033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/01/2027<sup>(a)</sup> |  | 62 | 51446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.50%, 02/01/2026<sup>(a)</sup> |  | 153 | 159951 |
|  Cedar Fair LP/Canada's Wonderland Co./Magnum Management Corp./Millennium Op <br>5.50%, 05/01/2025<sup>(a)</sup> |  | 29 | 28800 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Lindblad Expeditions LLC <br>6.75%, 02/15/2027<sup>(a)</sup> | U.S.$| 28 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27416 |
|  NCL Corp. Ltd.<br>5.875%, 03/15/2026<sup>(a)</sup> |  | 33 | 28544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 02/15/2027<sup>(a)</sup> |  | 268 | 249535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 02/01/2028<sup>(a)</sup> |  | 57 | 57951 |
|  Royal Caribbean Cruises Ltd.<br>5.375%, 07/15/2027<sup>(a)</sup> |  | 42 | 36493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/31/2026<sup>(a)</sup> |  | 31 | 27731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.50%, 06/01/2025<sup>(a)</sup> |  | 47 | 50429 |
|  SeaWorld Parks & Entertainment, Inc. <br>8.75%, 05/01/2025<sup>(a)</sup> |  | 20 | 20529 |
|  Viking Cruises Ltd.<br>5.875%, 09/15/2027<sup>(a)</sup> |  | 12 | 10233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13.00%, 05/15/2025<sup>(a)</sup> |  | 16 | 16974 |
|  Viking Ocean Cruises Ship VII Ltd. <br>5.625%, 02/15/2029<sup>(a)</sup> |  | 14 | 11973 |
|  VOC Escrow Ltd. <br>5.00%, 02/15/2028<sup>(a)</sup> |  | 226 | 198896 |
|  |  |  | 1007934 |
|  **Consumer Cyclical - Other – 0.5%** |  |  |  |
|  Brookfield Residential Properties, Inc./Brookfield Residential US LLC <br>6.25%, 09/15/2027<sup>(a)</sup> |  | 86 | 76632 |
|  Caesars Entertainment, Inc. <br>7.00%, 02/15/2030<sup>(a)</sup> |  | 40 | 40761 |
|  Churchill Downs, Inc. <br>4.75%, 01/15/2028<sup>(a)</sup> |  | 59 | 55196 |
|  Five Point Operating Co. LP/Five Point Capital Corp. <br>7.875%, 11/15/2025<sup>(a)</sup> |  | 85 | 76519 |
|  Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc<br>4.875%, 07/01/2031<sup>(a)</sup> |  | 9 | 7801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/01/2029<sup>(a)</sup> |  | 45 | 40228 |
|  Shea Homes LP/Shea Homes Funding Corp. <br>4.75%, 02/15/2028 |  | 11 | 9796 |
|  Taylor Morrison Communities, Inc. <br>5.875%, 06/15/2027<sup>(a)</sup> |  | 15 | 14755 |
|  Travel + Leisure Co. <br>6.625%, 07/31/2026<sup>(a)</sup> |  | 20 | 19853 |
|  Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp. <br>5.25%, 05/15/2027<sup>(a)</sup> |  | 33 | 31168 |
|  |  |  | 372709 |
|  **Consumer Cyclical - Restaurants – 0.1%** |  |  |  |
|  1011778 BC ULC/New Red Finance, Inc.<br>3.875%, 01/15/2028<sup>(a)</sup> |  | 17 | 15538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 01/15/2028<sup>(a)</sup> |  | 35 | 32305 |
|  |  |  | 47843 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Consumer Cyclical - Retailers – 0.8%** | **Consumer Cyclical - Retailers – 0.8%** | **Consumer Cyclical - Retailers – 0.8%** | **Consumer Cyclical - Retailers – 0.8%** |
|  Bath & Body Works, Inc.<br>7.50%, 06/15/2029 | U.S.$| 64 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.375%, 07/01/2025<sup>(a)</sup> |  | 6 | 6425 |
|  Dufry One BV <br>2.50%, 10/15/2024<sup>(a)</sup> | EUR | 100 | 106421 |
|  eG Global Finance PLC <br>4.375%, 02/07/2025<sup>(a)</sup> |  | 144 | 139383 |
|  Hanesbrands, Inc. <br>4.625%, 05/15/2024<sup>(a)</sup> | U.S.$| 35 | 34413 |
|  Michaels Cos, Inc. (The) <br>5.25%, 05/01/2028<sup>(a)</sup> |  | 73 | 61195 |
|  Rite Aid Corp. <br>7.50%, 07/01/2025<sup>(a)</sup> |  | 9 | 5936 |
|  Staples, Inc. <br>7.50%, 04/15/2026<sup>(a)</sup> |  | 15 | 13317 |
|  Wolverine World Wide, Inc. <br>4.00%, 08/15/2029<sup>(a)</sup> |  | 169 | 135771 |
|  |  |  | 567779 |
|  **Consumer Non-Cyclical – 0.7%** |  |  |  |
|  Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC <br>3.50%, 02/15/2023<sup>(a)</sup> |  | 154 | 153818 |
|  Elanco Animal Health, Inc. <br>6.40%, 08/28/2028 |  | 173 | 169950 |
|  Embecta Corp. <br>5.00%, 02/15/2030<sup>(a)</sup> |  | 34 | 27999 |
|  Legacy LifePoint Health LLC <br>4.375%, 02/15/2027<sup>(a)</sup> |  | 114 | 99664 |
|  RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc. <br>9.75%, 12/01/2026<sup>(a)</sup> |  | 7 | 6132 |
|  RP Escrow Issuer LLC <br>5.25%, 12/15/2025<sup>(a)</sup> |  | 39 | 31817 |
|  US Acute Care Solutions LLC <br>6.375%, 03/01/2026<sup>(a)</sup> |  | 81 | 73357 |
|  |  |  | 562737 |
|  **Energy – 0.4%** |  |  |  |
|  Blue Racer Midstream LLC/Blue Racer Finance Corp. <br>7.625%, 12/15/2025<sup>(a)</sup> |  | 8 | 8123 |
|  CITGO Petroleum Corp. <br>7.00%, 06/15/2025<sup>(a)</sup> |  | 33 | 32736 |
|  Civitas Resources, Inc. <br>5.00%, 10/15/2026<sup>(a)</sup> |  | 30 | 28082 |
|  Crescent Energy Finance LLC <br>7.25%, 05/01/2026<sup>(a)</sup> |  | 28 | 26873 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Genesis Energy LP/Genesis Energy Finance Corp.<br>7.75%, 02/01/2028 | U.S.$| 15 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 01/15/2027 |  | 21 | 20732 |
|  Nabors Industries Ltd. <br>7.25%, 01/15/2026<sup>(a)</sup> |  | 12 | 11670 |
|  Nabors Industries, Inc. <br>7.375%, 05/15/2027<sup>(a)</sup> |  | 11 | 11014 |
|  New Fortress Energy, Inc. <br>6.75%, 09/15/2025<sup>(a)</sup> |  | 75 | 71952 |
|  NGL Energy Operating LLC/NGL Energy Finance Corp. <br>7.50%, 02/01/2026<sup>(a)</sup> |  | 44 | 41800 |
|  Summit Midstream Holdings LLC/Summit Midstream Finance Corp. <br>8.50%, 10/15/2026<sup>(a)</sup> |  | 40 | 38928 |
|  Sunnova Energy Corp. <br>5.875%, 09/01/2026<sup>(a)</sup> |  | 25 | 22501 |
|  |  |  | 328935 |
|  **Services – 1.2%** |  |  |  |
|  Allied Universal Holdco LLC/Allied Universal Finance Corp. <br>6.625%, 07/15/2026<sup>(a)</sup> |  | 57 | 54885 |
|  ANGI Group LLC <br>3.875%, 08/15/2028<sup>(a)</sup> |  | 260 | 199321 |
|  APX Group, Inc. <br>6.75%, 02/15/2027<sup>(a)</sup> |  | 53 | 51959 |
|  Block, Inc. <br>2.75%, 06/01/2026 |  | 36 | 32730 |
|  Garda World Security Corp. <br>7.75%, 02/15/2028<sup>(a)</sup> |  | 103 | 104347 |
|  Millennium Escrow Corp. <br>6.625%, 08/01/2026<sup>(a)</sup> |  | 50 | 34754 |
|  MPH Acquisition Holdings LLC <br>5.75%, 11/01/2028<sup>(a)</sup> |  | 78 | 56650 |
|  Neptune Bidco US, Inc. <br>9.29%, 04/15/2029<sup>(a)</sup> |  | 108 | 105102 |
|  Prime Security Services Borrower LLC/Prime Finance, Inc.<br>3.375%, 08/31/2027<sup>(a)</sup> |  | 23 | 20463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 01/15/2028<sup>(a)</sup> |  | 82 | 77760 |
|  Sabre GLBL, Inc.<br>9.25%, 04/15/2025<sup>(a)</sup> |  | 84 | 85788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.25%, 12/15/2027<sup>(a)</sup> |  | 35 | 37098 |
|  ZipRecruiter, Inc. <br>5.00%, 01/15/2030<sup>(a)</sup> |  | 63 | 55094 |
|  |  |  | 915951 |
|  **Technology – 0.5%** |  |  |  |
|  Gen Digital, Inc. <br>6.75%, 09/30/2027<sup>(a)</sup> |  | 42 | 42589 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  NCR Corp. <br>5.00%, 10/01/2028<sup>(a)</sup> | U.S.$| 105 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93399 |
|  Presidio Holdings, Inc.<br>4.875%, 02/01/2027<sup>(a)</sup> |  | 56 | 52172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 02/01/2028<sup>(a)</sup> |  | 2 | 1923 |
|  Rackspace Technology Global, Inc. <br>3.50%, 02/15/2028<sup>(a)</sup> |  | 105 | 63131 |
|  Veritas US, Inc./Veritas Bermuda Ltd. <br>7.50%, 09/01/2025<sup>(a)</sup> |  | 214 | 141167 |
|  Virtusa Corp. <br>7.125%, 12/15/2028<sup>(a)</sup> |  | 10 | 8402 |
|  |  |  | 402783 |
|  **Transportation - Airlines – 0.4%** |  |  |  |
|  American Airlines, Inc./AAdvantage Loyalty IP Ltd. <br>5.50%, 04/20/2026<sup>(a)</sup> |  | 44 | 43151 |
|  Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd. <br>5.75%, 01/20/2026<sup>(a)</sup> |  | 94 | 89788 |
|  Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd. <br>8.00%, 09/20/2025<sup>(a)</sup> |  | 134 | 137438 |
|  |  |  | 270377 |
|  **Transportation - Services – 0.7%** |  |  |  |
|  Albion Financing 1 SARL/Aggreko Holdings, Inc. <br>6.125%, 10/15/2026<sup>(a)</sup> |  | 200 | 180058 |
|  Avis Budget Finance PLC <br>4.125%, 11/15/2024<sup>(a)</sup> | EUR | 131 | 138114 |
|  EC Finance PLC <br>3.00%, 10/15/2026<sup>(a)</sup> |  | 100 | 98788 |
|  Loxam SAS <br>4.50%, 02/15/2027<sup>(a)</sup> |  | 100 | 102899 |
|  |  |  | 519859 |
|  |  |  | 6816995 |
|  **Financial Institutions – 0.8%** |  |  |  |
|  **Banking – 0.4%** |  |  |  |
|  Bread Financial Holdings, Inc.<br>4.75%, 12/15/2024<sup>(a)</sup> | U.S.$| 35 | 31745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 01/15/2026<sup>(a)</sup> |  | 7 | 6421 |
|  Credit Suisse Group AG <br>5.25%, 02/11/2027<sup>(a) (d)</sup> |  | 368 | 278252 |
|  |  |  | 316418 |
|  **Brokerage – 0.1%** |  |  |  |
|  Advisor Group Holdings, Inc. <br>10.75%, 08/01/2027<sup>(a)</sup> |  | 52 | 53734 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Finance – 0.1%** | **Finance – 0.1%** | **Finance – 0.1%** | **Finance – 0.1%** |
|  Castlelake Aviation Finance DAC <br>5.00%, 04/15/2027<sup>(a)</sup> | U.S.$| 62 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56533 |
|  Curo Group Holdings Corp. <br>7.50%, 08/01/2028<sup>(a)</sup> |  | 53 | 24049 |
|  |  |  | 80582 |
|  **REITs – 0.2%** | **REITs – 0.2%** | **REITs – 0.2%** | **REITs – 0.2%** |
|  Diversified Healthcare Trust <br>9.75%, 06/15/2025 |  | 167 | 163891 |
|  |  |  | 614625 |
|  **Utility – 0.0%** | **Utility – 0.0%** | **Utility – 0.0%** | **Utility – 0.0%** |
|  **Other Utility – 0.0%** | **Other Utility – 0.0%** | **Other Utility – 0.0%** | **Other Utility – 0.0%** |
|  Solaris Midstream Holdings LLC <br>7.625%, 04/01/2026<sup>(a)</sup> |  | 25 | 25012 |
|  Total Corporates - Non-Investment Grade <br>(cost $7,872,399) | Total Corporates - Non-Investment Grade <br>(cost $7,872,399) | Total Corporates - Non-Investment Grade <br>(cost $7,872,399) | 7456632 |
|  **COLLATERALIZED MORTGAGE OBLIGATIONS – 5.1%** | **COLLATERALIZED MORTGAGE OBLIGATIONS – 5.1%** | **COLLATERALIZED MORTGAGE OBLIGATIONS – 5.1%** | **COLLATERALIZED MORTGAGE OBLIGATIONS – 5.1%** |
|  **Risk Share Floating Rate – 5.0%** | **Risk Share Floating Rate – 5.0%** | **Risk Share Floating Rate – 5.0%** | **Risk Share Floating Rate – 5.0%** |
|  Bellemeade Re Ltd.<br>Series 2019-1A, Class M1B<br>6.256% (LIBOR 1 Month + 1.75%), 03/25/2029<sup>(a) (e)</sup> |  | 1 | 1240 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-1A, Class M2<br>7.206% (LIBOR 1 Month + 2.70%), 03/25/2029<sup>(a) (e)</sup> |  | 152 | 153066 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-4A, Class M2<br>7.356% (LIBOR 1 Month + 2.85%), 10/25/2029<sup>(a) (e)</sup> |  | 150 | 145244 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-1, Class M1B<br>6.46% (SOFR + 2.15%), 01/26/2032<sup>(a) (e)</sup> |  | 193 | 186462 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-2, Class M1A<br>8.31% (SOFR + 4.00%), 09/27/2032<sup>(a) (e)</sup> |  | 200 | 199999 |
|  Connecticut Avenue Securities Trust<br>Series 2019-R02, Class 1M2<br>6.806% (LIBOR 1 Month + 2.30%), 08/25/2031<sup>(a) (e)</sup> |  | 1 | 869 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-R03, Class 1M2<br>6.656% (LIBOR 1 Month + 2.15%), 09/25/2031<sup>(a) (e)</sup> |  | 2 | 1564 |
|  Eagle Re Ltd. <br>Series 2021-2, Class M1B <br>6.36% (SOFR + 2.05%), 04/25/2034<sup>(a) (e)</sup> |  | 150 | 148537 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes<br>Series 2015-HQA1, Class M3<br>9.206% (LIBOR 1 Month + 4.70%), 03/25/2028<sup>(e)</sup> | U.S.$| 78 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80802 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-DNA4, Class M2<br>6.456% (LIBOR 1 Month + 1.95%), 10/25/2049<sup>(a) (e)</sup> |  | 2 | 2134 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-DNA1, Class M2<br>6.206% (LIBOR 1 Month + 1.70%), 01/25/2050<sup>(a) (e)</sup> |  | 26 | 26152 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-DNA5, Class M2<br>5.96% (SOFR + 1.65%), 01/25/2034<sup>(a) (e)</sup> |  | 62 | 61687 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-DNA6, Class M2<br>5.81% (SOFR + 1.50%), 10/25/2041<sup>(a) (e)</sup> |  | 150 | 143632 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-DNA7, Class M1<br>5.16% (SOFR + 0.85%), 11/25/2041<sup>(a) (e)</sup> |  | 218 | 215011 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-DNA7, Class M2<br>6.11% (SOFR + 1.80%), 11/25/2041<sup>(a) (e)</sup> |  | 225 | 216704 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-HQA4, Class M1<br>5.26% (SOFR + 0.95%), 12/25/2041<sup>(a) (e)</sup> |  | 231 | 221295 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-DNA2, Class M1B<br>6.71% (SOFR + 2.40%), 02/25/2042<sup>(a) (e)</sup> |  | 144 | 141401 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-HQA1, Class M1B<br>7.81% (SOFR + 3.50%), 03/25/2042<sup>(a) (e)</sup> |  | 20 | 19962 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-HQA2, Class M1B<br>8.31% (SOFR + 4.00%), 07/25/2042<sup>(a) (e)</sup> |  | 184 | 187669 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-HQA3, Class M1A<br>6.61% (SOFR + 2.30%), 08/25/2042<sup>(a) (e)</sup> |  | 136 | 135899 |
|  Federal National Mortgage Association Connecticut Avenue Securities<br>Series 2015-C02, Class 1M2<br>8.506% (LIBOR 1 Month + 4.00%), 05/25/2025<sup>(e)</sup> |  | 17 | 17162 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2015-C03, Class 1M2<br>9.506% (LIBOR 1 Month + 5.00%), 07/25/2025<sup>(e)</sup> |  | 20 | 21165 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2015-C04, Class 2M2<br>10.056% (LIBOR 1 Month + 5.55%), 04/25/2028<sup>(e)</sup> |  | 2 | 2479 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-C01, Class 2M2<br>11.456% (LIBOR 1 Month + 6.95%), 08/25/2028<sup>(e)</sup> | U.S.$| 9 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9052 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-C04, Class 1B<br>14.756% (LIBOR 1 Month + 10.25%), 01/25/2029<sup>(e)</sup> |  | 119 | 125562 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-R02, Class 2M2<br>6.31% (SOFR + 2.00%), 11/25/2041<sup>(a) (e)</sup> |  | 230 | 217648 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-R01, Class 1M1<br>6.71% (SOFR + 2.40%), 12/25/2042<sup>(a) (e)</sup> |  | 361 | 362787 |
|  Home Re Ltd. <br>Series 2020-1, Class M2 <br>9.756% (LIBOR 1 Month + 5.25%), 10/25/2030<sup>(a) (e)</sup> |  | 150 | 151889 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1, Class M1B <br>6.056% (LIBOR 1 Month + 1.55%), 07/25/2033<sup>(a) (e)</sup> |  | 146 | 146024 |
|  Oaktown Re II Ltd. <br>Series 2018-1A, Class M1 <br>6.056% (LIBOR 1 Month + 1.55%), 07/25/2028<sup>(a) (e)</sup> |  | 31 | 30970 |
|  PMT Credit Risk Transfer Trust<br>Series 2019-2R, Class A<br>7.267% (LIBOR 1 Month + 2.75%), 05/27/2023<sup>(a) (e)</sup> |  | 28 | 27400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-3R, Class A<br>8.217% (LIBOR 1 Month + 3.70%), 11/27/2031<sup>(a) (e)</sup> |  | 14 | 14070 |
|  Radnor Re Ltd.<br>Series 2019-1, Class M1B<br>6.456% (LIBOR 1 Month + 1.95%), 02/25/2029<sup>(a) (e)</sup> |  | 96 | 95006 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-1, Class M1C<br>6.256% (LIBOR 1 Month + 1.75%), 01/25/2030<sup>(a) (e)</sup> |  | 150 | 147245 |
|  Traingle Re Ltd. <br>Series 2021-3, Class M1A <br>6.21% (SOFR + 1.90%), 02/25/2034<sup>(a) (e)</sup> |  | 110 | 109995 |
|  |  |  | 3767783 |
|  **Agency Fixed Rate – 0.1%** |  |  |  |
|  Federal Home Loan Mortgage Corp. REMICs <br>Series 4913, Class IO <br>6.00%, 04/15/2041<sup>(f)</sup> |  | 72 | 14669 |
|  Federal National Mortgage Association REMICs<br>Series 2012-120, Class CI<br>3.50%, 12/25/2031<sup>(f)</sup> |  | 117 | 4165 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-26, Class IO<br>5.00%, 05/25/2046<sup>(f)</sup> |  | 162 | 25065 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-31, Class IO<br>5.00%, 06/25/2046<sup>(f)</sup> | U.S.$| 215 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34629 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-64, Class BI<br>5.00%, 09/25/2046<sup>(f)</sup> |  | 27 |  | 3957 |
|  |  |  |  | 82485 |
|  **Agency Floating Rate – 0.0%** | **Agency Floating Rate – 0.0%** | **Agency Floating Rate – 0.0%** | **Agency Floating Rate – 0.0%** | **Agency Floating Rate – 0.0%** |
|  Federal Home Loan Mortgage Corp. REMICs <br>Series 4372, Class JS <br>1.641% (6.10% - LIBOR 1 Month), 08/15/2044<sup>(e) (g)</sup> |  | 89 |  | 9208 |
|  Federal National Mortgage Association REMICs<br>Series 2012-17, Class ES<br>2.044% (6.55% - LIBOR 1 Month), 03/25/2041<sup>(e) (g)</sup> |  | 72 |  | 2353 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2012-17, Class SE<br>1.444% (5.95% - LIBOR 1 Month), 03/25/2042<sup>(e) (g)</sup> |  | 65 |  | 8608 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-25, Class SA<br>1.544% (6.05% - LIBOR 1 Month), 06/25/2049<sup>(e) (g)</sup> |  | 44 |  | 4933 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-42, Class SQ<br>1.544% (6.05% - LIBOR 1 Month), 08/25/2049<sup>(e) (g)</sup> |  | 38 |  | 4859 |
|  |  |  |  | 29961 |
|  Total Collateralized Mortgage Obligations <br>(cost $3,916,540) |  |  |  | 3880229 |
|  **MORTGAGE PASS-THROUGHS – 5.0%** |  |  |  |  |
|  **Agency Fixed Rate 30-Year – 5.0%** |  |  |  |  |
|  Uniform Mortgage-Backed Security<br>Series 2023 4.50%, 02/01/2053, TBA <br>(cost $3,691,602) |  | 3805 |  | 3758757 |
|  **GOVERNMENTS - SOVEREIGN AGENCIES – 4.8%** |  |  |  |  |
|  **Canada – 4.8%** |  |  |  |  |
|  Canada Housing Trust No. 1 <br>1.95%, 12/15/2025<sup>(a)</sup> <br>(cost $4,043,324) | CAD | 5065 |  | 3641105 |
|  **COMMERCIAL MORTGAGE-BACKED SECURITIES – 3.2%** |  |  |  |  |
|  **Non-Agency Fixed Rate CMBS – 2.7%** |  |  |  |  |
|  BAMLL Commercial Mortgage Securities Trust <br>Series 2013-WBRK, Class D <br>3.534%, 03/10/2037<sup>(a)</sup> | U.S.$| 100 |  | 63824 |
|  BANK<br>Series 2020-BN28, Class XA<br>1.764%, 03/15/2063<sup>(f)</sup> |  | 2039 |  | 202439 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-BN29, Class XA<br>1.338%, 11/15/2053<sup>(f)</sup> |  | 983 |  | 73143 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Barclays Commercial Mortgage Trust <br>Series 2019-C3, Class XA <br>1.31%, 05/15/2052<sup>(f)</sup> | U.S.$| 962 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58772 |
|  BBCMS Mortgage Trust <br>Series 2017-C1, Class XA <br>1.46%, 02/15/2050<sup>(f)</sup> |  | 1314 | 60537 |
|  CD Mortgage Trust <br>Series 2016-CD1, Class XA <br>1.366%, 08/10/2049<sup>(f)</sup> |  | 1505 | 52380 |
|  CFCRE Commercial Mortgage Trust<br>Series 2016-C4, Class XA<br>1.607%, 05/10/2058<sup>(f)</sup> |  | 82 | 3167 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-C8, Class XA<br>1.48%, 06/15/2050<sup>(f)</sup> |  | 276 | 13390 |
|  Citigroup Commercial Mortgage Trust <br>Series 2017-P7, Class XA <br>1.11%, 04/14/2050<sup>(f)</sup> |  | 820 | 29343 |
|  Commercial Mortgage Trust<br>Series 2012-CR5, Class C<br>4.421%, 12/10/2045<sup>(a)</sup> |  | 100 | 97030 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014-CR16, Class D<br>4.926%, 04/10/2047<sup>(a)</sup> |  | 100 | 85530 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-DC2, Class XA<br>0.931%, 02/10/2049<sup>(f)</sup> |  | 2445 | 53773 |
|  GS Mortgage Securities Trust<br>Series 2013-GC13, Class D<br>4.079%, 07/10/2046<sup>(a)</sup> |  | 100 | 43328 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-GS3, Class XA<br>1.196%, 10/10/2049<sup>(f)</sup> |  | 1288 | 43133 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-GS5, Class XA<br>0.828%, 03/10/2050<sup>(f)</sup> |  | 1417 | 39261 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-GS7, Class XA<br>1.082%, 08/10/2050<sup>(f)</sup> |  | 3279 | 115784 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-GC39, Class XA<br>1.127%, 05/10/2052<sup>(f)</sup> |  | 4639 | 212514 |
|  JPMBB Commercial Mortgage Securities Trust <br>Series 2013-C14, Class D <br>4.548%, 08/15/2046<sup>(a)</sup> |  | 75 | 32625 |
|  JPMorgan Chase Commercial Mortgage Securities Trust<br>Series 2012-LC9, Class G<br>3.797%, 12/15/2047<sup>(a)</sup> |  | 100 | 73445 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2013-LC11, Class B<br>3.499%, 04/15/2046 |  | 110 | 107925 |
|  UBS Commercial Mortgage Trust<br>Series 2012-C1, Class D<br>6.633%, 05/10/2045<sup>(a)</sup> |  | 17 | 15898 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-C1, Class XA<br>1.525%, 06/15/2050<sup>(f)</sup> |  | 1050 | 52108 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-C2, Class XA<br>1.075%, 08/15/2050<sup>(f)</sup> |  | 2032 | 74820 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-C14, Class XA<br>0.91%, 12/15/2051<sup>(f)</sup> |  | 814 | 32394 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-C15, Class XA<br>0.897%, 12/15/2051<sup>(f)</sup> | U.S.$| 596 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23863 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-C18, Class XA<br>1.02%, 12/15/2052<sup>(f)</sup> |  | 1261 | 57854 |
|  UBS-Barclays Commercial Mortgage Trust <br>Series 2013-C6, Class D <br>4.324%, 04/10/2046<sup>(a)</sup> |  | 81 | 65822 |
|  Wells Fargo Commercial Mortgage Trust<br>Series 2016-LC24, Class XA<br>1.606%, 10/15/2049<sup>(f)</sup> |  | 794 | 35523 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-C48, Class XA<br>0.944%, 01/15/2052<sup>(f)</sup> |  | 782 | 32553 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-C52, Class XA<br>1.604%, 08/15/2052<sup>(f)</sup> |  | 934 | 66031 |
|  WF-RBS Commercial Mortgage Trust<br>Series 2011-C4, Class D<br>4.845%, 06/15/2044<sup>(a)</sup> |  | 60 | 54056 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2011-C4, Class E<br>4.845%, 06/15/2044<sup>(a)</sup> |  | 25 | 20328 |
|  |  |  | 1992593 |
|  **Non-Agency Floating Rate CMBS – 0.5%** |  |  |  |
|  BFLD Trust<br>Series 2019-DPLO, Class D<br>6.299% (LIBOR 1 Month + 1.84%), 10/15/2034<sup>(a) (e)</sup> |  | 59 | 57333 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-DPLO, Class E<br>6.699% (LIBOR 1 Month + 2.24%), 10/15/2034<sup>(a) (e)</sup> |  | 10 | 9674 |
|  CLNY Trust <br>Series 2019-IKPR, Class D <br>6.484% (LIBOR 1 Month + 2.02%), 11/15/2038<sup>(a) (e)</sup> |  | 120 | 111885 |
|  Great Wolf Trust <br>Series 2019-WOLF, Class D <br>6.526% (SOFR + 2.05%), 12/15/2036<sup>(a) (e)</sup> |  | 45 | 43419 |
|  Morgan Stanley Capital I Trust <br>Series 2019-BPR, Class D <br>8.709% (LIBOR 1 Month + 4.25%), 05/15/2036<sup>(a) (e)</sup> |  | 133 | 119548 |
|  Starwood Retail Property Trust <br>Series 2014-STAR, Class A <br>5.93% (LIBOR 1 Month + 1.47%), 11/15/2027<sup>(a) (e)</sup> |  | 89 | 61431 |
|  |  |  | 403290 |
|  Total Commercial Mortgage-Backed Securities <br>(cost $2,630,759) |  |  | 2395883 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **COLLATERALIZED LOAN OBLIGATIONS – 3.1%** |  |  |  |
|  **CLO - Floating Rate – 3.1%** |  |  |  |
|  Ballyrock CLO 15 Ltd. <br>Series 2021-1A, Class C <br>7.892% (LIBOR 3 Month + 3.10%), 04/15/2034<sup>(a) (e)</sup> | U.S.$| 250 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231425 |
|  Dryden 98 CLO Ltd. <br>Series 2022-98A, Class D <br>7.739% (SOFR + 3.10%), 04/20/2035<sup>(a) (e)</sup> |  | 250 | 220578 |
|  Galaxy 30 CLO Ltd. <br>Series 2022-30A, Class D <br>8.008% (SOFR + 3.35%), 04/15/2035<sup>(a) (e)</sup> |  | 250 | 227494 |
|  New Mountain CLO 3 Ltd. <br>Series CLO-3A, Class D <br>8.158% (LIBOR 3 Month + 3.35%), 10/20/2034<sup>(a) (e)</sup> |  | 250 | 231126 |
|  Palmer Square CLO Ltd. <br>Series 2021-3A, Class D <br>7.742% (LIBOR 3 Month + 2.95%), 01/15/2035<sup>(a) (e)</sup> |  | 250 | 236237 |
|  PPM CLO 5 Ltd. <br>Series 2021-5A, Class D <br>7.845% (LIBOR 3 Month + 3.05%), 10/18/2034<sup>(a) (e)</sup> |  | 250 | 217048 |
|  Regatta XX Funding Ltd. <br>Series 2021-2A, Class D <br>7.892% (LIBOR 3 Month + 3.10%), 10/15/2034<sup>(a) (e)</sup> |  | 250 | 235087 |
|  Regatta XXIV Funding Ltd. <br>Series 2021-5A, Class D <br>7.342% (LIBOR 3 Month + 3.10%), 01/20/2035<sup>(a) (e)</sup> |  | 250 | 231697 |
|  Rockford Tower CLO Ltd. <br>Series 2021-2A, Class D <br>8.058% (LIBOR 3 Month + 3.25%), 07/20/2034<sup>(a) (e)</sup> |  | 250 | 228972 |
|  Sixth Street CLO XVII Ltd. <br>Series 2021-17A, Class D <br>7.958% (LIBOR 3 Month + 3.15%), 01/20/2034<sup>(a) (e)</sup> |  | 250 | 239652 |
|  Total Collateralized Loan Obligations <br>(cost $2,485,085) |  |  | 2299316 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **BANK LOANS – 1.4%** |  |  |  |
|  **Industrial – 1.3%** |  |  |  |
|  **Capital Goods – 0.1%** |  |  |  |
|  ACProducts Holdings, Inc. <br>8.980% (LIBOR 3 Month + 4.25%), 05/17/2028<sup>(h)</sup> | U.S.$| 100 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80764 |
|  Chariot Buyer LLC <br>7.820% (LIBOR 1 Month + 3.25%), 11/03/2028<sup>(h)</sup> |  | 10 | 9545 |
|  |  |  | 90309 |
|  **Communications - Media – 0.0%** |  |  |  |
|  Coral-US Co-Borrower LLC <br>7.459% (LIBOR 1 Month + 3.00%), 10/15/2029<sup>(h)</sup> |  | 30 | 29775 |
|  Univision Communications, Inc. <br>7.320% (LIBOR 1 Month + 2.75%), 03/15/2024<sup>(h)</sup> |  | 2 | 1651 |
|  |  |  | 31426 |
|  **Communications - Telecommunications – 0.1%** |  |  |  |
|  Crown Subsea Communications Holding, Inc. <br>9.316% (LIBOR 1 Month + 4.75%), 04/27/2027<sup>(h)</sup> |  | 40 | 39858 |
|  Directv Financing, LLC <br>9.570% (LIBOR 1 Month + 5.00%), 08/02/2027<sup>(h)</sup> |  | 27 | 26145 |
|  Zacapa SARL <br>8.830% (SOFR 3 Month + 4.25%), 03/22/2029<sup>(h)</sup> |  | 43 | 42251 |
|  |  |  | 108254 |
|  **Consumer Cyclical - Entertainment – 0.2%** |  |  |  |
|  Seaworld Parks & Entertainment, Inc. <br>7.625% (LIBOR 1 Month + 3.00%), 08/25/2028<sup>(h)</sup> |  | 141 | 140683 |
|  **Consumer Cyclical - Retailers – 0.1%** |  |  |  |
|  Restoration Hardware, Inc. <br>7.911% (SOFR 1 Month + 3.25%), 10/20/2028<sup>(h)</sup> |  | 60 | 58129 |
|  **Consumer Non-Cyclical – 0.1%** |  |  |  |
|  Kronos Acquisition Holdings, Inc. <br>8.485% (LIBOR 3 Month + 3.75%), 12/22/2026<sup>(h)</sup> |  | 39 | 38047 |
|  **Energy – 0.3%** |  |  |  |
|  GIP II Blue Holding, L.P. <br>9.230% (LIBOR 3 Month + 4.50%), 09/29/2028<sup>(h)</sup> |  | 87 | 86417 |
|  Parkway Generation, LLC <br>9.430% (SOFR 1 Month + 4.75%), 02/18/2029<sup>(h)</sup> |  | 119 | 116834 |
|  |  |  | 203251 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | | **U.S. $ Value** | **U.S. $ Value** |
|  **Other Industrial – 0.1%** |  |  |  |  |  |
|  American Tire Distributors, Inc. <br>11.068% (LIBOR 3 Month + 6.25%), 10/20/2028<sup>(h)</sup> | U.S.$| 60 |  | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54882 |
|  Rockwood Service Corporation <br>8.820% (LIBOR 1 Month + 4.25%), 01/23/2027<sup>(h)</sup> |  | 3 |  |  | 2995 |
|  |  |  |  |  | 57877 |
|  **Services – 0.0%** | **Services – 0.0%** | **Services – 0.0%** | **Services – 0.0%** | **Services – 0.0%** | **Services – 0.0%** |
|  Amentum Government Services Holdings LLC<br>8.170% (LIBOR 3 Month + 4.00%), 01/29/2027<sup>(h) (i)</sup> |  | 1 |  |  | 723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.570% (LIBOR 1 Month + 4.00%), 01/29/2027<sup>(h) (i)</sup> |  | 2 |  |  | 2170 |
|  |  |  |  |  | 2893 |
|  **Technology – 0.3%** | **Technology – 0.3%** | **Technology – 0.3%** | **Technology – 0.3%** | **Technology – 0.3%** | **Technology – 0.3%** |
|  Ascend Learning, LLC <br>10.320% (LIBOR 1 Month + 5.75%), 12/10/2029<sup>(h)</sup> |  | 30 |  |  | 25939 |
|  Banff Guarantor, Inc. <br>10.070% (LIBOR 1 Month + 5.50%), 02/27/2026<sup>(h) (i)</sup> |  | 10 |  |  | 9400 |
|  Boxer Parent Company, Inc. <br>8.320% (LIBOR 1 Month + 3.75%), 10/02/2025<sup>(h)</sup> |  | 27 |  |  | 26314 |
|  Endurance International Group Holdings, Inc. <br>7.884% (LIBOR 1 Month + 3.50%), 02/10/2028<sup>(h)</sup> |  | 88 |  |  | 82776 |
|  FINThrive Software Intermediate Holdings, Inc. <br>11.320% (LIBOR 1 Month + 6.75%), 12/17/2029<sup>(h) (i)</sup> |  | 20 |  |  | 13675 |
|  Loyalty Ventures, Inc. <br>11.000% (PRIME 3 Month + 3.50%), 11/03/2027<sup>(h)</sup> |  | 77 |  |  | 29737 |
|  Peraton Corp. <br>8.320% (LIBOR 1 Month + 3.75%), 02/01/2028<sup>(h)</sup> |  | 19 |  |  | 19172 |
|  Presidio Holdings, Inc.<br>8.070% (LIBOR 1 Month + 3.50%), 01/22/2027<sup>(h) (i)</sup> |  | 0 | \*\* |  | 369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.330% (LIBOR 3 Month + 3.50%), 01/22/2027<sup>(h) (i)</sup> |  | 9 |  |  | 8859 |
|  |  |  |  |  | 216241 |
|  |  |  |  |  | 947110 |
|  **Financial Institutions – 0.1%** | **Financial Institutions – 0.1%** | **Financial Institutions – 0.1%** | **Financial Institutions – 0.1%** | **Financial Institutions – 0.1%** | **Financial Institutions – 0.1%** |
|  **Finance – 0.0%** | **Finance – 0.0%** | **Finance – 0.0%** | **Finance – 0.0%** | **Finance – 0.0%** | **Finance – 0.0%** |
|  Orbit Private Holdings I Ltd. <br>9.541% (SOFR 6 Month + 4.50%), 12/11/2028<sup>(h)</sup> |  | 30 |  |  | 29650 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Insurance – 0.1%** |  |  |  |
|  Cross Financial Corp. <br>8.625% (LIBOR 1 Month + 4.00%), 09/15/2027<sup>(h)</sup> | U.S.$| 49 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48718 |
|  |  |  | 78368 |
|  **Utility – 0.0%** |  |  |  |
|  **Electric – 0.0%** |  |  |  |
|  Granite Generation LLC <br>8.320% (LIBOR 1 Month + 3.75%), 11/09/2026<sup>(h)</sup> |  | 24 | 23447 |
|  Total Bank Loans <br>(cost $1,135,878) |  |  | 1048925 |
|  **EMERGING MARKETS - CORPORATE BONDS – 1.1%** |  |  |  |
|  **Industrial – 1.1%** |  |  |  |
|  **Basic – 0.1%** |  |  |  |
|  Eldorado Gold Corp. <br>6.25%, 09/01/2029<sup>(a)</sup> |  | 28 | 25261 |
|  Volcan Cia Minera SAA <br>4.375%, 02/11/2026<sup>(a)</sup> |  | 41 | 36096 |
|  |  |  | 61357 |
|  **Capital Goods – 0.1%** |  |  |  |
|  Embraer Netherlands Finance BV <br>5.40%, 02/01/2027 |  | 115 | 112844 |
|  **Consumer Cyclical - Other – 0.4%** |  |  |  |
|  Wynn Macau Ltd. <br>5.50%, 01/15/2026<sup>(a)</sup> |  | 300 | 280500 |
|  **Consumer Non-Cyclical – 0.0%** |  |  |  |
|  Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL <br>5.25%, 04/27/2029<sup>(a)</sup> |  | 21 | 20035 |
|  **Energy – 0.5%** |  |  |  |
|  Acu Petroleo Luxembourg SARL <br>7.50%, 01/13/2032<sup>(a)</sup> |  | 248 | 232521 |
|  Leviathan Bond Ltd.<br>5.75%, 06/30/2023<sup>(a)</sup> |  | 59 | 58734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 06/30/2025<sup>(a)</sup> |  | 23 | 22700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 06/30/2027<sup>(a)</sup> |  | 30 | 29513 |
|  |  |  | 343468 |
|  Total Emerging Markets - Corporate Bonds <br>(cost $790,051) |  |  | 818204 |
|  **ASSET-BACKED SECURITIES – 1.1%** |  |  |  |
|  **Autos - Fixed Rate – 1.0%** |  |  |  |
|  ACM Auto Trust<br>Series 2022-1A, Class A<br>3.23%, 04/20/2029<sup>(a)</sup> |  | 11 | 11279 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-1A, Class A<br>6.61%, 01/22/2030<sup>(a)</sup> |  | 180 | 180032 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | | **U.S. $ Value** |
|  Exeter Automobile Receivables Trust<br>Series 2018-4A, Class E<br>5.38%, 07/15/2025<sup>(a)</sup> | U.S.$| 115 |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114518 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-1A, Class E<br>5.20%, 01/15/2026<sup>(a)</sup> |  | 40 |  | 39668 |
|  Foursight Capital Automobile Receivables Trust <br>Series 2023-1, Class A2 <br>5.43%, 10/15/2026<sup>(a)</sup> |  | 180 |  | 179985 |
|  United Auto Credit Securitization Trust <br>Series 2023-1, Class A <br>5.57%, 07/10/2025<sup>(a)</sup> |  | 180 |  | 180020 |
|  Westlake Automobile Receivables Trust <br>Series 2019-2A, Class E <br>4.02%, 04/15/2025<sup>(a)</sup> |  | 14 |  | 13941 |
|  |  |  |  | 719443 |
|  **Other ABS - Fixed Rate – 0.1%** |  |  |  |  |
|  Consumer Loan Underlying Bond Certificate Issuer Trust I <br>Series 2019-43, Class PT <br>0.389%, 11/15/2044<sup>(j)</sup> |  | 0 | \*\* | 34 |
|  SoFi Consumer Loan Program Trust <br>Series 2020-1, Class D <br>2.94%, 01/25/2029<sup>(a)</sup> |  | 100 |  | 97306 |
|  |  |  |  | 97340 |
|  Total Asset-Backed Securities <br>(cost $821,795) |  |  |  | 816783 |
|  **EMERGING MARKETS - SOVEREIGNS – 0.7%** |  |  |  |  |
|  **Angola – 0.3%** |  |  |  |  |
|  Angolan Government International Bond <br>9.50%, 11/12/2025<sup>(a)</sup> |  | 200 |  | 208750 |
|  **Ecuador – 0.1%** |  |  |  |  |
|  Ecuador Government International Bond<br>2.50%, 07/31/2035<sup>(a)</sup> |  | 21 |  | 10382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 07/31/2030<sup>(a)</sup> |  | 33 |  | 21620 |
|  |  |  |  | 32002 |
|  **El Salvador – 0.1%** |  |  |  |  |
|  El Salvador Government International Bond <br>8.625%, 02/28/2029<sup>(a)</sup> |  | 90 |  | 47604 |
|  **Ivory Coast – 0.1%** |  |  |  |  |
|  Ivory Coast Government International Bond <br>5.875%, 10/17/2031<sup>(a)</sup> | EUR | 100 |  | 91049 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Lebanon – 0.0%** |  |  |  |
|  Lebanon Government International Bond <br>6.10%, 10/04/2022<sup>(a) (k) (l)</sup> | U.S.$| 16 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 |
|  **Senegal – 0.1%** |  |  |  |
|  Senegal Government International Bond <br>4.75%, 03/13/2028<sup>(a)</sup> | EUR | 100 | 95669 |
|  **Ukraine – 0.0%** |  |  |  |
|  Ukraine Government International Bond <br>7.75%, 09/01/2027<sup>(a)</sup> | U.S.$| 100 | 21331 |
|  Total Emerging Markets - Sovereigns <br>(cost $705,919) |  |  | 497405 |
|  **QUASI-SOVEREIGNS – 0.3%** |  |  |  |
|  **Quasi-Sovereign Bonds – 0.3%** |  |  |  |
|  **Mexico – 0.3%** |  |  |  |
|  Comision Federal de Electricidad <br>4.688%, 05/15/2029<sup>(a)</sup> |  | 200 | 183537 |
|  Petroleos Mexicanos <br>5.35%, 02/12/2028 |  | 32 | 27840 |
|  |  |  | 211377 |
|  **Ukraine – 0.0%** |  |  |  |
|  State Agency of Roads of Ukraine <br>6.25%, 06/24/2030<sup>(j)</sup> |  | 200 | 35663 |
|  Total Quasi-Sovereigns <br>(cost $408,120) |  |  | 247040 |
|  **SHORT-TERM INVESTMENTS – 2.6%** |  |  |  |
|  **U.S. Treasury Bills – 1.7%** |  |  |  |
|  U.S. Treasury Bill <br>Zero Coupon, 07/27/2023 <br>(cost $1,300,698) |  | 1331 | 1300839 |
|  | **Shares** | **Shares** |  |
|  **Investment Companies – 0.9%** |  |  |  |
|  AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 4.15%<sup>(m) (n) (o)</sup> <br>(cost $668,919) |  | 668919 | 668919 |
|  Total Short-Term Investments <br>(cost $1,969,617) |  |  | 1969758 |
|  **Total Investments – 114.4%** <br>(cost $88,573,383)<sup>(p)</sup> |  |  | 86212441 |
|  Other assets less liabilities – (14.4)% |  |  | (10840672) |
|  **Net Assets – 100.0%** |  |  | $**75371769** |

---

------

**FUTURES** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number<br>of<br>Contracts** | **Expiration<br>Month** | **Current<br>Notional** | **Value and<br>Unrealized<br>Appreciation<br>(Depreciation)** |
| **Sold Contracts** | **Sold Contracts** | **Sold Contracts** | **Sold Contracts** | **Sold Contracts** |
| 10 Yr Canadian Bond Futures | 9 | March 2023 | $854038 | $(8942) |
| Euro-BOBL Futures | 5 | March 2023 | 637614 | 12041 |
| Euro-Schatz Futures | 2 | March 2023 | 229921 | 2123 |
| U.S. 10 Yr Ultra Futures | 11 | March 2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1333234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19374) |
| U.S. T-Note 2 Yr (CBT) Futures | 30 | March 2023 | 6169453 | (5553) |
| U.S. T-Note 5 Yr (CBT) Futures | 21 | March 2023 | 2294086 | 8738 |
| U.S. T-Note 10 Yr (CBT) Futures | 11 | March 2023 | 1259672 | (6289) |
|  |  |  |  | $(17256) |

---

**FORWARD CURRENCY EXCHANGE CONTRACTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Contracts to<br>Deliver<br>(000)** | **Contracts to<br>Deliver<br>(000)** | **In Exchange<br>For<br>(000)** | **In Exchange<br>For<br>(000)** | **Settlement<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| Bank of America, NA | CAD | 4872 | USD | &nbsp;&nbsp;&nbsp;&nbsp;3641 | 03/30/2023 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(21762) |
| Morgan Stanley Capital Services, Inc. | EUR | 1269 | USD | 1340 | 02/27/2023 | (41717) |
| State Street Bank & Trust Co. | NZD | 78 | USD | 48 | 02/02/2023 | (2276) |
| State Street Bank & Trust Co. | EUR | 256 | USD | 273 | 02/27/2023 | (5277) |
| State Street Bank & Trust Co. | USD | 131 | EUR | 120 | 02/27/2023 | 14 |
| State Street Bank & Trust Co. | GBP | 111 | USD | 135 | 03/24/2023 | (1611) |
| State Street Bank & Trust Co. | NZD | 78 | USD | 50 | 04/20/2023 | (9) |
|  |  |  |  |  |  | $(72638) |

---

------

**CENTRALLY CLEARED CREDIT DEFAULT SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Fixed<br>Rate<br>(Pay)<br>Receive** | **Payment<br>Frequency** | **Implied<br>Credit<br>Spread at<br>January 31,<br>2023** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | **Market<br>Value** | **Upfront<br>Premiums<br>Paid<br>(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| **Sale Contracts** | **Sale Contracts** | **Sale Contracts** | **Sale Contracts** | **Sale Contracts** | **Sale Contracts** | **Sale Contracts** | **Sale Contracts** | **Sale Contracts** |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-NAHY Series 39, 5 Year Index, 12/20/2027\* | 5.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp;4.29% | USD | 4360 | $146197 | $(95606) | $241803 |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-NAHY Series 39, 5 Year Index, 12/20/2027\* | 5.00 | Quarterly | 4.29 |  | 800 | 26572 | 21794 | 4778 |
| &nbsp;&nbsp;&nbsp;&nbsp; iTraxxx Xover Series 38, 5 Year Index, 12/20/2027\* | 5.00 | Quarterly | 4.15 | EUR | 1380 | 59103 | (60382) | 119485 |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231872 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(134194) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366066 |

---

*\** *Termination date* 

**CENTRALLY CLEARED INTEREST RATE SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Rate Type** | **Rate Type** | | | | |
| **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** |<br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| CAD | 680 | 05/22/2024 | 3 Month<br>CDOR | 1.985% | Semi-Annual | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19964) | $— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19964) |
| USD | 260 | 05/24/2024 | 2.206% | 3 Month<br>LIBOR | Semi-Annual/<br> Quarterly | 10184 |  | 10184 |
|  |  |  |  |  |  | $(9780) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $(9780) |

---

**CREDIT DEFAULT SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Swap Counterparty & <br>Referenced Obligation** | **Fixed<br>Rate<br>(Pay)<br>Receive** | **Payment<br>Frequency** | **Implied<br>Credit<br>Spread at<br>January 31,<br>2023** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | **Market<br>Value** | **Upfront<br>Premiums<br>Paid<br>(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| **Sale Contracts** | **Sale Contracts** | **Sale Contracts** | **Sale Contracts** | **Sale Contracts** | **Sale Contracts** | **Sale Contracts** | **Sale Contracts** | **Sale Contracts** |
| Citigroup Global Markets, | Citigroup Global Markets, | Citigroup Global Markets, | Citigroup Global Markets, | Citigroup Global Markets, | Citigroup Global Markets, | Citigroup Global Markets, | Citigroup Global Markets, | Citigroup Global Markets, |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00% | Monthly | &nbsp;&nbsp;&nbsp;&nbsp;7.50% | USD | 309 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(75437) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(108269) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32832 |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 6 | (1509) | (1561) | 52 |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 11 | (2716) | (2602) | (114) |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 12 | (2867) | (2719) | (148) |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 16 | (3922) | (3720) | (202) |

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Swap Counterparty & <br>Referenced Obligation** | **Fixed<br>Rate<br>(Pay)<br>Receive** | **Payment<br>Frequency** | **Implied<br>Credit<br>Spread at<br>January 31,<br>2023** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | **Market<br>Value** | **Upfront<br>Premiums<br>Paid<br>(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00% | Monthly | &nbsp;&nbsp;&nbsp;&nbsp;7.50% | USD | 15 | $(3621) | $(1200) | $(2421) |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 22 | (5431) | (1790) | (3641) |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 33 | (7996) | (1926) | (6070) |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 49 | (11919) | (2850) | (9069) |
| Credit Suisse International | Credit Suisse International | Credit Suisse International | Credit Suisse International | Credit Suisse International | Credit Suisse International | Credit Suisse International | Credit Suisse International | Credit Suisse International |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.A Series 6, 05/11/2063\* | 2.00 | Monthly | 7.50 | USD | 160 | (23286) | (4802) | (18484) |
| Goldman Sachs International | Goldman Sachs International | Goldman Sachs International | Goldman Sachs International | Goldman Sachs International | Goldman Sachs International | Goldman Sachs International | Goldman Sachs International | Goldman Sachs International |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 15 | (3621) | (1194) | (2427) |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 96 | (23536) | (19812) | (3724) |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 247 | (60349) | (29157) | (31192) |
| JPMorgan Securities, LLC | JPMorgan Securities, LLC | JPMorgan Securities, LLC | JPMorgan Securities, LLC | JPMorgan Securities, LLC | JPMorgan Securities, LLC | JPMorgan Securities, LLC | JPMorgan Securities, LLC | JPMorgan Securities, LLC |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BB Series 6, 05/11/2063\* | 5.00 | Monthly | 7.50 | USD | 134 | (49359) | (24794) | (24565) |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 7 | (1811) | (597) | (1214) |
| Morgan Stanley & Co. International PLC | Morgan Stanley & Co. International PLC | Morgan Stanley & Co. International PLC | Morgan Stanley & Co. International PLC | Morgan Stanley & Co. International PLC | Morgan Stanley & Co. International PLC | Morgan Stanley & Co. International PLC | Morgan Stanley & Co. International PLC | Morgan Stanley & Co. International PLC |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.A Series 6, 05/11/2063\* | 2.00 | Monthly | 7.50 | USD | 178 | (25893) | (17175) | (8718) |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 2 | (453) | (107) | (346) |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(303726) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(224275) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(79451) |

---

*\** *Termination date* 

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** | **TOTAL RETURN SWAPS** |
| **Counterparty & <br>Referenced Obligation** | **Rate Paid/<br>Received** | **Payment<br>Frequency** | **Current<br>Notional<br>(000)** | **Current<br>Notional<br>(000)** | **Maturity<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| **Receive Total Return on Reference Obligation** | **Receive Total Return on Reference Obligation** | **Receive Total Return on Reference Obligation** | **Receive Total Return on Reference Obligation** | **Receive Total Return on Reference Obligation** | **Receive Total Return on Reference Obligation** | **Receive Total Return on Reference Obligation** |
| Goldman Sachs International | Goldman Sachs International | Goldman Sachs International | Goldman Sachs International | Goldman Sachs International | Goldman Sachs International | Goldman Sachs International |
| &nbsp;&nbsp;&nbsp;&nbsp; Markit iBoxx USD Contingent Convertible Liquid Developed Market AT1 | 1 Day<br>SOFR | Maturity | USD | 157 | 06/20/2023 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6181 |

---

**REVERSE REPURCHASE AGREEMENTS** 

---

| | | | |
|:---|:---|:---|:---|
| **Broker** | **Interest**<br> **Rate** | **Maturity** | **U.S. $Value at<br>January 31,<br>2023** |
| HSBC Securities (USA), Inc.† | 4.40% | – $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9013006 |

---

*†* *The reverse repurchase agreement matures on demand. Interest rate resets daily and the rate shown is the rate in effect on January 31, 2023.* 

The type of underlying collateral and the remaining maturity of open reverse repurchase agreements is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Overnight and<br>Continuous** | **Up to 30 Days** | **31-90 Days** | **Greater than<br>90 Days** | **Total** |
| Governments - Treasuries | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9013006 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9013006 |

---

*\*\** *Principal amount less than 500.* 

*(a)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At January 31, 2023, the aggregate market value of these securities amounted to $24,541,387 or 32.6% of net assets.* 

*(b)* *Position, or a portion thereof, has been segregated to collateralize OTC derivatives outstanding.* 

*(c)* *Position, or a portion thereof, has been segregated to collateralize reverse repurchase agreements.* 

*(d)* *Securities are perpetual and, thus, do not have a predetermined maturity date. The date shown, if applicable, reflects the next call date.* 

*(e)* *Floating Rate Security. Stated interest/floor/ceiling rate was in effect at January 31, 2023.* 

*(f)* *IO - Interest Only.* 

*(g)* *Inverse interest only security.* 

*(h)* *The stated coupon rate represents the greater of the LIBOR or an alternate base rate such as the SOFR or the LIBOR/SOFR floor rate plus spread at January 31, 2023.* 

*(i)* *Security in which significant unobservable inputs (Level 3) were used in determining fair value.* 

*(j)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities, which represent 0.05% of net assets as of January 31, 2023, are considered illiquid and restricted. Additional information regarding such securities follows:* 

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **144A/Restricted & Illiquid Securities** | **Acquisition<br>Date** | **Cost** | | **Market<br>Value** | | **Percentage<br>of<br>Net Assets** |
|  *Consumer Loan Underlying Bond Certificate Issuer Trust I<br>Series 2019-43, Class PT<br>0.389%, 11/15/2044* | *10/09/2019* | $*36* | | $*34* | | *0.00%* |
|  *State Agency of Roads of Ukraine<br>6.25%, 06/24/2030* | *06/24/2021* | *200000* | | *35663* | | *0.05%* |

---

*(k)* *Non-income producing security.* 

*(l)* *Defaulted matured security.* 

*(m)* *Affiliated investments.* 

*(n)* *To obtain a copy of the fund's shareholder report, please go to the Securities and Exchange Commission's website at www.sec.gov, or call AB at (800) 227-4618.* 

*(o)* *The rate shown represents the 7-day yield as of period end.* 

*(p)* *As of January 31, 2023, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $848,402 and gross unrealized depreciation of investments was $(3,016,222), resulting in net unrealized depreciation of $(2,167,820).* 

---

| |
|:---|
| *Currency Abbreviations:* |
| *CAD – Canadian Dollar* |
| *EUR – Euro* |
| *GBP – Great British Pound* |
| *NZD – New Zealand Dollar* |
| *USD – United States Dollar* |
| *Glossary:* |
| *ABS – Asset-Backed Securities* |
| *BOBL – Bundesobligationen* |
| *CBT – Chicago Board of Trade* |
| *CDOR – Canadian Dealer Offered Rate* |
| *CDX-CMBX.NA – North American Commercial Mortgage-Backed Index* |
| *CDX-NAHY – North American High Yield Credit Default Swap Index* |
| *CLO – Collateralized Loan Obligations* |
| *CMBS – Commercial Mortgage-Backed Securities* |
| *LIBOR – London Interbank Offered Rate* |
| *REIT – Real Estate Investment Trust* |
| *REMICs – Real Estate Mortgage Investment Conduits* |
| *SOFR – Secured Overnight Financing Rate* |
| *TBA – To Be Announced* |

---

------

**AB Shot Duration Income Portfolio** 

**January 31, 2023 (unaudited)** 

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund's own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates,
prepayment speeds, credit risk, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value
of investments)

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3. In addition, non-agency rated investments are classified as Level 3.

Other fixed income investments, including non-U.S. government and corporate debt, are generally valued using quoted market prices, if available, which are typically impacted by current interest rates, maturity dates and any perceived credit risk of the issuer. Additionally, in the absence of quoted market prices, these inputs are used by pricing vendors to derive a valuation based upon industry or proprietary models which incorporate issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are classified as Level 3.

Valuations of mortgage-backed or other asset backed securities, by pricing vendors, are based on both proprietary and industry recognized models and discounted cash flow techniques. Significant inputs to the valuation of these instruments are value of the collateral, the rates and timing of delinquencies, the rates and timing of prepayments, and default and loss expectations, which are driven in part by housing prices for residential mortgages. Significant inputs are determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles, including relevant indices. Mortgage and asset backed securities for which management has collected current observable data through pricing services are generally categorized within Level 2. Those investments for which current observable data has not been provided are classified as Level 3.

Bank loan prices are provided by third party pricing services and consist of a composite of the quotes received by the vendor into a consensus price. Certain bank loans are classified as Level 3, as significant input used in the fair value measurement of these instruments is the market quotes that are received by the vendor and these inputs are not observable.

------

The following table summarizes the valuation of the Fund's investments by the above fair value hierarchy levels as of January 31, 2023:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities:** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** | **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Governments - Treasuries | $— | $48028198 | $— | $48028198 |
| Corporates - Investment Grade |  | 9354206 |  | 9354206 |
| Corporates - Non-Investment Grade |  | 7456632 |  | 7456632 |
| Collateralized Mortgage Obligations |  | 3880229 |  | 3880229 |
| Mortgage Pass-Throughs |  | 3758757 |  | 3758757 |
| Governments - Sovereign Agencies |  | 3641105 |  | 3641105 |
| Commercial Mortgage-Backed Securities |  | 2395883 |  | 2395883 |
| Collateralized Loan Obligations |  | 2299316 |  | 2299316 |
| Bank Loans |  | 1013729 | 35196 | 1048925 |
| Emerging Markets - Corporate Bonds |  | 818204 |  | 818204 |
| Asset-Backed Securities |  | 816783 |  | 816783 |
| Emerging Markets - Sovereigns |  | 497405 |  | 497405 |
| Quasi-Sovereigns |  | 247040 |  | 247040 |
| Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bills |  | 1300839 |  | 1300839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment Companies | 668919 |  |  | 668919 |
| Total Investments in Securities | 668919 | 85508326 | 35196 | 86212441 |
| **Other Financial Instruments<sup>(a)</sup>:** |  |  |  |  |
| **Assets:** | **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Futures | 22902 |  |  | 22902 |
| Forward Currency Exchange Contracts |  | 14 |  | 14 |
| Centrally Cleared Credit Default Swaps |  | 231872 |  | 231872 |
| Centrally Cleared Interest Rate Swaps |  | 10184 |  | 10184 |
| Total Return Swaps |  | 6181 |  | 6181 |
| **Liabilities:** |  |  |  |  |
| Futures | (40158) |  |  | (40158) |
| Forward Currency Exchange Contracts |  | (72652) |  | (72652) |
| Centrally Cleared Interest Rate Swaps |  | (19964) |  | (19964) |
| Credit Default Swaps |  | (303726) |  | (303726) |
| Reverse Repurchase Agreements | (9013006) |  |  | (9013006) |
| **Total** | $**(8361343)** | $**85360235** | $**35196** | $**77034088** |

---

*<sup>(a)</sup>* *Other financial instruments are derivative instruments, such as futures, forwards and swaps, which are valued at the unrealized appreciation (depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, written options and written swaptions which are valued at market value.* 

A summary of the Fund's transactions in AB mutual funds for the three months ended January 31, 2023 is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund** | **Market Value**<br> **10/31/2022**<br> **(000)** | **Purchases**<br> **at Cost**<br> **(000)** | **Sales**<br> **Proceeds**<br> **(000)** | **Market Value**<br> **01/31/2023**<br> **(000)** | **Dividend**<br> **Income**<br> **(000)** |
| Government Money Market Portfolio | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;921 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13720 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13972 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;669 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AB BOND FUND, INC.

- **b. Investment Company Act file number:** 811-02383

- **c. CIK number of Registrant:** 0000003794

- **d. LEI of Registrant:** 549300RYJMGGIS1UBQ97

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

  - **Street Address 1:** ALLIANCEBERNSTEIN LP

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10105

  - **Telephone number:** 212-969-1000

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

- **a. Name of Series:** AB Short Duration Income Portfolio

- **b. EDGAR series identifier (if any):** S000063356

- **c. LEI of Series:** 5493005WIR43CV2V8071

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $86496649.07

**Total Liabilities:** $13599234.56

**Net Assets:** $72897414.51

**Delayed Delivery Securities:** $164000.00

**Cash Not Reported:** $454337.26

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -54.14000000 | **1-Year:** -101.38000000 | **5-Year:** -525.04000000 | **10-Year:** -60.59000000 | **30-Year:** -53.89000000

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

- **3-Month:** -2057.88000000 | **1-Year:** -2199.25000000 | **5-Year:** -1146.05000000 | **10-Year:** -2304.50000000 | **30-Year:** -2058.15000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000205395 | 2.19%                | -0.01%               | 2.22%                |
| Class ID C000205396 | 2.25%                | 0.06%                | 2.29%                |
| Class ID C000205394 | 2.27%                | 0.08%                | 2.31%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1503792.52             | $2842638.83                                |
| Month 2  | $-100616.40              | $-209970.54                                |
| Month 3  | $-2090718.40             | $3357270.22                                |

**Designated Index Information**

- **Index Name:** 65% Bloomberg 1-5 Year US Government/Credit Index + 35% US Corporate High Yield Index

- **Index Identifier:** SecuritiesPortfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BONOS Y OBLIG DEL ESTADO                           | Spain Government Bond                                                                                                    | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |    356000 | PA      | $353509.10    | 0.48%             | 2027-07-30      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                | Petroleos Mexicanos                                                                                                      | CUSIP: 71654QCK6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     32000 | PA      | $27840.00     | 0.04%             | 2028-02-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC BOR ESC                           | Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc                                         | CUSIP: 43284MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $40227.75     | 0.06%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockwood Service Corporation                       | Rockwood Service Corporation Initial Term Loan                                                                           | CUSIP: 77447JAH0<br>LEI: 549300PFYAJBMVGJ7074 | Long             | LON              | CORP              | US        |      3001 | PA      | $2994.19      | 0.00%             | 2027-01-23      | Floating      | 8.82%                 | No            |                  2 | On Loan: No      |
| Endurance International Group Holdings, Inc.       | Endurance International Group Holdings, Inc. Initial Term Loan                                                           | CUSIP: 29279UAB2<br>LEI: 549300UTQC2651SB0W88 | Long             | LON              | CORP              | US        |     87904 | PA      | $82776.48     | 0.11%             | 2028-02-10      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                      | UBS Commercial Mortgage Trust 2018-C15                                                                                   | CUSIP: 90278LAZ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    595974 | PA      | $23862.92     | 0.03%             | 2051-12-15      | Variable      | 0.90%                 | No            |                  2 | On Loan: No      |
| VIKING OCEAN CRUISES SHI                           | Viking Ocean Cruises Ship VII Ltd                                                                                        | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     14000 | PA      | $11972.94     | 0.02%             | 2029-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                               | Neptune Bidco US Inc                                                                                                     | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    108000 | PA      | $105102.36    | 0.14%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| Consumer Loan Underlying Bond (CLUB) Certificate   | CONSUMER LOAN UNDERLYING BOND CLUB CERTIFICATE ISSUER TRUST I SERIES 2019-43                                             | CUSIP: 21055AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        36 | PA      | $34.32        | 0.00%             | 2044-11-15      | Variable      | -9.57%                | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                           | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                                                                   | CUSIP: 03969AAN0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    200000 | PA      | $182568.00    | 0.25%             | 2026-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC        | Barclays Commercial Mortgage Trust 2019-C3                                                                               | CUSIP: 05550MAV6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    962218 | PA      | $58771.98     | 0.08%             | 2052-05-15      | Variable      | 1.31%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                                                                        | CUSIP: 3136ATUC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26670 | PA      | $3957.10      | 0.01%             | 2046-09-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allied Universal                                   | Allied Universal Holdco LLC / Allied Universal Finance Corp                                                              | CUSIP: 019576AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     57000 | PA      | $54884.73     | 0.08%             | 2026-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                 | Banco Santander SA                                                                                                       | CUSIP: 05964HAN5<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $175214.00    | 0.24%             | 2027-09-14      | Fixed         | 1.72%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                                                                        | CUSIP: 3136A9H76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    117326 | PA      | $4164.56      | 0.01%             | 2031-12-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VOLCAN CIA MINERA SAA-CM                           | Volcan Cia Minera SAA                                                                                                    | CUSIP: 92863UAB2<br>LEI: 549300XKJ91C4SZLG750 | Long             | DBT              | CORP              | PE        |     29000 | PA      | $25530.88     | 0.04%             | 2026-02-11      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NCR CORP                                           | NCR Corp                                                                                                                 | CUSIP: 62886EAY4<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |    105000 | PA      | $93398.55     | 0.13%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Tire Distributors, Inc.                   | American Tire Distributors, Inc. Initial Term Loan                                                                       | CUSIP: 03021BAL8<br>LEI: HZ8T88YVE2JVXJ0BTQ24 | Long             | LON              | CORP              | US        |     59848 | PA      | $54882.18     | 0.08%             | 2028-10-20      | Floating      | 11.07%                | No            |                  2 | On Loan: No      |
| FIVE POINT OP CO LP/FIVE                           | Five Point Operating Co LP / Five Point Capital Corp                                                                     | CUSIP: 33834YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $76519.55     | 0.10%             | 2025-11-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Amentum Government Services Holdings LLC           | Amentum Government Services Holdings LLC Initial Term Loan (First Lien)                                                  | CUSIP: 57776DAB9<br>LEI: 5493008CT6B5L54YSE94 | Long             | LON              | CORP              | US        |      2925 | PA      | $2893.32      | 0.00%             | 2027-01-29      | Floating      | 8.57%                 | No            |                  3 | On Loan: No      |
| Republic of Senegal                                | Senegal Government International Bond                                                                                    | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |    100000 | PA      | $95669.23     | 0.13%             | 2028-03-13      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Boxer Parent Company Inc. (aka BMC Software, Inc.) | Boxer Parent Company Inc. (aka BMC Software, Inc.) 2021 Replacement Dollar Term Loan                                     | CUSIP: 05988HAE7<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |     26814 | PA      | $26314.49     | 0.04%             | 2025-10-02      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                | Freddie Mac STACR REMIC Trust 2021-DNA6                                                                                  | CUSIP: 35564KKY4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    150000 | PA      | $143632.10    | 0.20%             | 2041-10-25      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                             | Standard Chartered PLC                                                                                                   | CUSIP: 853254CQ1<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    340000 | PA      | $348136.20    | 0.48%             | 2027-01-09      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| HAWAIIAN BRAND INTELLECT                           | Hawaiian Brand Intellectual Property Ltd / HawaiianMiles Loyalty Ltd                                                     | CUSIP: 41984LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     93941 | PA      | $89787.87     | 0.12%             | 2026-01-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                   | Altria Group Inc                                                                                                         | CUSIP: 02209SBJ1<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    155000 | PA      | $137241.65    | 0.19%             | 2030-05-06      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust         | JPMBB Commercial Mortgage Securities Trust 2013-C14                                                                      | CUSIP: 46640LAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     75000 | PA      | $32625.00     | 0.04%             | 2046-08-15      | Variable      | 4.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                   | Fannie Mae Connecticut Avenue Securities                                                                                 | CUSIP: 30711XDB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    119386 | PA      | $125561.80    | 0.17%             | 2029-01-25      | Floating      | 14.76%                | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                             | CCO Holdings LLC / CCO Holdings Capital Corp                                                                             | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     59000 | PA      | $56221.69     | 0.08%             | 2027-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| RITE AID CORP                                      | Rite Aid Corp                                                                                                            | CUSIP: 767754CK8<br>LEI: 529900W353T1JY1DKT44 | Long             | DBT              | CORP              | US        |      9000 | PA      | $5935.95      | 0.01%             | 2025-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trust                    | CFCRE Commercial Mortgage Trust 2017-C8                                                                                  | CUSIP: 12532CBE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    276203 | PA      | $13390.32     | 0.02%             | 2050-06-15      | Variable      | 1.48%                 | No            |                  2 | On Loan: No      |
| Home Re Ltd                                        | Home RE 2021-1 Ltd                                                                                                       | CUSIP: 437307AB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    146288 | PA      | $146023.90    | 0.20%             | 2033-07-25      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| ADVISOR GROUP HOLDINGS I                           | Advisor Group Holdings Inc                                                                                               | CUSIP: 00791GAA5<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |     52000 | PA      | $53734.20     | 0.07%             | 2027-08-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                    | Danske Bank A/S                                                                                                          | CUSIP: 23636AAV3<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |    200000 | PA      | $190672.00    | 0.26%             | 2025-12-20      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| PPM Clo, Ltd.                                      | PPM CLO 5 Ltd                                                                                                            | CUSIP: 69356TAG6<br>LEI: 5493001Z3ZE83NGK8Y12 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $217048.25    | 0.30%             | 2034-10-18      | Floating      | 7.84%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                        | Long: SS1THX6   IRS CAD R F  1.98500 IS1THX6 CCPVANILLA / Short: SS1THX6   IRS CAD P V 03MCDOR IS1THY7 CCPVANILLA        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    680000 | OU      | $-19964.08    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust              | Wells Fargo Commercial Mortgage Trust 2019-C52                                                                           | CUSIP: 95002MAY5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    933593 | PA      | $66031.34     | 0.09%             | 2052-08-15      | Variable      | 1.60%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                           | Western Midstream Operating LP                                                                                           | CUSIP: 958254AE4<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1916.48      | 0.00%             | 2025-06-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                       | Ecopetrol SA                                                                                                             | CUSIP: 279158AN9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     45000 | PA      | $41950.35     | 0.06%             | 2030-04-29      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UNIFRAX ESCROW ISS CORP                            | ASP Unifrax Holdings Inc                                                                                                 | CUSIP: 90473LAA0<br>LEI: 549300RRU6BWJLD0YT71 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8540.30      | 0.01%             | 2028-09-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS                              | Bread Financial Holdings Inc                                                                                             | CUSIP: 018581AL2<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6420.89      | 0.01%             | 2026-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRUST                   | SoFi Consumer Loan Program 2020-1 Trust                                                                                  | CUSIP: 83407AAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $97305.94     | 0.13%             | 2029-01-25      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust              | Wells Fargo Commercial Mortgage Trust 2018-C48                                                                           | CUSIP: 95001RAY5<br>LEI: 549300REQJRID6TODX95 | Long             | ABS-MBS          | CORP              | US        |    781897 | PA      | $32553.43     | 0.04%             | 2052-01-15      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                     | Long: IS20CG6   CDS USD R F  3.00000 IS20CG6 CMBX / Short: IS20CG6   CDS USD P V 01MEVENT IS20CH7 CMBX                   | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DCR              |  | US        |     22267 | OU      | $-5431.42     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                                                                       | CUSIP: 3137BDA55<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     89252 | PA      | $9207.96      | 0.01%             | 2044-08-15      | Floating      | 1.64%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                | Freddie Mac STACR REMIC Trust 2021-HQA4                                                                                  | CUSIP: 35564KNK1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    230502 | PA      | $221294.79    | 0.30%             | 2041-12-25      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Aircastle Ltd                                      | Aircastle Ltd                                                                                                            | CUSIP: 00928QAR2<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |     16000 | PA      | $15872.00     | 0.02%             | 2023-09-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| ELDORADO GOLD CORP                                 | Eldorado Gold Corp                                                                                                       | CUSIP: 284902AF0<br>LEI: 5493004PWQ01YDD1IH62 | Long             | DBT              | CORP              | CA        |     28000 | PA      | $25261.25     | 0.03%             | 2029-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                           | Brookfield Residential Properties Inc / Brookfield Residential US LLC                                                    | CUSIP: 11283YAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     86000 | PA      | $76632.02     | 0.11%             | 2027-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                      | Carnival Corp                                                                                                            | CUSIP: 143658BG6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    153000 | PA      | $159950.79    | 0.22%             | 2026-02-01      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| AIB GROUP PLC                                      | AIB Group PLC                                                                                                            | CUSIP: 00135TAC8<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |    209000 | PA      | $216306.64    | 0.30%             | 2026-10-14      | Fixed         | 7.58%                 | No            |                  2 | On Loan: No      |
| WOLVERINE WORLD WIDE                               | Wolverine World Wide Inc                                                                                                 | CUSIP: 978097AG8<br>LEI: 549300OVC7PK14LQ8D87 | Long             | DBT              | CORP              | US        |    169000 | PA      | $135771.22    | 0.19%             | 2029-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORP                               | CITGO Petroleum Corp                                                                                                     | CUSIP: 17302XAK2<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |     33000 | PA      | $32736.00     | 0.04%             | 2025-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Chariot Buyer LLC                                  | Chariot Buyer LLC Initial Term Loan (First Lien)                                                                         | CUSIP: 15963CAC0<br>LEI: 25490092IFNOZBRVE539 | Long             | LON              | CORP              | US        |      9900 | PA      | $9545.28      | 0.01%             | 2028-11-03      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                       | Ecopetrol SA                                                                                                             | CUSIP: 279158AS8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     13000 | PA      | $13309.40     | 0.02%             | 2033-01-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                | Freddie Mac STACR REMIC Trust 2022-DNA2                                                                                  | CUSIP: 35564KRF8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    144000 | PA      | $141400.70    | 0.19%             | 2042-02-25      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                              | Nabors Industries Inc                                                                                                    | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |     11000 | PA      | $11014.30     | 0.02%             | 2027-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT                                   | Bellemeade Re 2022-1 Ltd                                                                                                 | CUSIP: 078774AB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    193000 | PA      | $186461.62    | 0.26%             | 2032-01-26      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| JAGUAR LAND ROVER AUTOMO                           | Jaguar Land Rover Automotive PLC                                                                                         | CUSIP: 47010BAJ3<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |    217000 | PA      | $213608.29    | 0.29%             | 2025-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ACM Auto Trust                                     | ACM Auto Trust 2022-1                                                                                                    | CUSIP: 00091QAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     11302 | PA      | $11278.57     | 0.02%             | 2029-04-20      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                         | BFLD 2019-DPLO                                                                                                           | CUSIP: 054970AL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     59000 | PA      | $57333.44     | 0.08%             | 2034-10-15      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| Peraton Corp.                                      | Peraton Corp. Term B Loan (First Lien)                                                                                   | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |     19292 | PA      | $19171.67     | 0.03%             | 2028-02-01      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                | Synchrony Financial                                                                                                      | CUSIP: 87165BAS2<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49064.50     | 0.07%             | 2025-06-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                 | Ukraine Government International Bond                                                                                    | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    100000 | PA      | $21331.25     | 0.03%             | 2027-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                             | Aviation Capital Group LLC                                                                                               | CUSIP: 05369AAA9<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    158000 | PA      | $141541.14    | 0.19%             | 2027-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                      | Ballyrock CLO 15 Ltd                                                                                                     | CUSIP: 05875TAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $231424.75    | 0.32%             | 2034-04-15      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| Alliance Bernstein                                 | AB Fixed Income Shares, Inc. - Government Money Market Portfolio                                                         | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |    668919 | NS      | $668919.12    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Restoration Hardware, Inc.                         | Restoration Hardware, Inc. 2022 Incremental Term Loan                                                                    | CUSIP: 76133MAC5<br>LEI: 5493008MTS3OGGMHGK69 | Long             | LON              | CORP              | US        |     59850 | PA      | $58129.31     | 0.08%             | 2028-10-20      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust                                   | Great Wolf Trust 2019-WOLF                                                                                               | CUSIP: 39152TAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     45000 | PA      | $43418.52     | 0.06%             | 2036-12-15      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                      | UBS Commercial Mortgage Trust 2012-C1                                                                                    | CUSIP: 90269GAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     17490 | PA      | $15897.52     | 0.02%             | 2045-05-10      | Variable      | 6.63%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                     | Sabre GLBL Inc                                                                                                           | CUSIP: 78573NAH5<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |     35000 | PA      | $37098.25     | 0.05%             | 2027-12-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                | Nomura Holdings Inc                                                                                                      | CUSIP: 65535HBG3<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    272000 | PA      | $275601.28    | 0.38%             | 2026-01-09      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                | NCL Corp Ltd                                                                                                             | CUSIP: 62886HBL4<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     57000 | PA      | $57950.76     | 0.08%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS                              | Bread Financial Holdings Inc                                                                                             | CUSIP: 018581AK4<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |     35000 | PA      | $31744.65     | 0.04%             | 2024-12-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                    | Gen Digital Inc                                                                                                          | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |     42000 | PA      | $42588.42     | 0.06%             | 2027-09-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                              | McGraw-Hill Education Inc                                                                                                | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |     56000 | PA      | $49329.84     | 0.07%             | 2028-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Bank                                               | BANK 2020-BNK28                                                                                                          | CUSIP: 06540YAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2039274 | PA      | $202438.94    | 0.28%             | 2063-03-15      | Variable      | 1.76%                 | No            |                  2 | On Loan: No      |
| US ACUTE CARE SOLUTIONS                            | US Acute Care Solutions LLC                                                                                              | CUSIP: 90367UAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     81000 | PA      | $73356.84     | 0.10%             | 2026-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                | NCL Corp Ltd                                                                                                             | CUSIP: 62886HBA8<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     33000 | PA      | $28544.01     | 0.04%             | 2026-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                   | Fannie Mae Connecticut Avenue Securities                                                                                 | CUSIP: 207932AA2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    133681 | PA      | $134181.53    | 0.18%             | 2042-12-25      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                               | Taylor Morrison Communities Inc                                                                                          | CUSIP: 87724RAA0<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14754.60     | 0.02%             | 2027-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                               | Michaels Cos Inc/The                                                                                                     | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |     73000 | PA      | $61195.17     | 0.08%             | 2028-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CNTL AMR BOTTLING CORP                             | Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL                                                | CUSIP: 15239XAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |     11000 | PA      | $10494.44     | 0.01%             | 2029-04-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                | Freddie Mac STACR REMIC Trust 2022-HQA3                                                                                  | CUSIP: 35564KE39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    135983 | PA      | $135899.19    | 0.19%             | 2042-08-25      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| EMBRAER NETHERLANDS FINA                           | Embraer Netherlands Finance BV                                                                                           | CUSIP: 29082HAB8<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |    115000 | PA      | $112843.75    | 0.15%             | 2027-02-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                      | DISH DBS Corp                                                                                                            | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     32000 | PA      | $26245.44     | 0.04%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT                                   | Bellemeade Re 2019-1 Ltd                                                                                                 | CUSIP: 07876RAC0<br>LEI: 254900K56RF3Z7VQ3U81 | Long             | ABS-MBS          | CORP              | BM        |    152000 | PA      | $153066.48    | 0.21%             | 2029-03-25      | Floating      | 7.21%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                               | Garda World Security Corp                                                                                                | CUSIP: 36485MAM1<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    103000 | PA      | $104347.24    | 0.14%             | 2028-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES LTD                              | Nabors Industries Ltd                                                                                                    | CUSIP: 629571AA8<br>LEI: 5493008TXYN3II3PU369 | Long             | DBT              | CORP              | BM        |     12000 | PA      | $11670.00     | 0.02%             | 2026-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                  | HSBC Holdings PLC                                                                                                        | CUSIP: 404280BK4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $191826.00    | 0.26%             | 2028-03-13      | Fixed         | 4.04%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                                                                       | CUSIP: 3137FNJF8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     71814 | PA      | $14669.46     | 0.02%             | 2041-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Genworth Mortgage Insurance Corporation            | Triangle Re 2021-3 Ltd                                                                                                   | CUSIP: 89600HAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    110182 | PA      | $109995.18    | 0.15%             | 2034-02-25      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | United States Treasury Note/Bond                                                                                         | CUSIP: 91282CFU0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    102800 | PA      | $104759.63    | 0.14%             | 2027-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                   | Fannie Mae Connecticut Avenue Securities                                                                                 | CUSIP: 20754KAB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    230000 | PA      | $217648.43    | 0.30%             | 2041-11-25      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| SUNNOVA ENERGY CORP                                | Sunnova Energy Corp                                                                                                      | CUSIP: 86745GAF0<br>LEI: 549300TH3GCD8YQUDR46 | Long             | DBT              | CORP              | US        |     25000 | PA      | $22501.25     | 0.03%             | 2026-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                    | Danske Bank A/S                                                                                                          | CUSIP: 23636ABC4<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |    200000 | PA      | $192534.00    | 0.26%             | 2028-04-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Granite Generation LLC                             | Granite Generation LLC Term Loan                                                                                         | CUSIP: 38750BAB3<br>LEI: 549300ERB8DGZI3MXK42 | Long             | LON              | CORP              | US        |     24100 | PA      | $23446.40     | 0.03%             | 2026-11-09      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| Parkway Generation, LLC                            | Parkway Generation, LLC Term Loan C                                                                                      | CUSIP: 000000000<br>LEI: 254900ATQHHVKF65MT32 | Long             | LON              | CORP              | US        |     15662 | PA      | $15399.30     | 0.02%             | 2029-02-18      | Floating      | 9.43%                 | No            |                  2 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal         | CAN 10YR BOND FUT MAR23                                                                                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |        -9 | NC      | $-8941.90     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                           | Clear Channel Outdoor Holdings Inc                                                                                       | CUSIP: 18453HAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $54655.20     | 0.07%             | 2027-08-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                               | Glencore Funding LLC                                                                                                     | CUSIP: 378272AV0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    115000 | PA      | $114684.90    | 0.16%             | 2029-03-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                             | US 10YR ULTRA FUT MAR23                                                                                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -11 | NC      | $-19374.65    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Zacapa S.a r.l.                                    | Zacapa S.a r.l. Initial Term Loan (2022)                                                                                 | CUSIP: 000000000<br>LEI: 213800VIVQIJLORBU468 | Long             | LON              | CORP              | LU        |     43113 | PA      | $42250.75     | 0.06%             | 2029-03-22      | Floating      | 8.83%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust              | Westlake Automobile Receivables Trust 2019-2                                                                             | CUSIP: 96041LAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     14000 | PA      | $13940.92     | 0.02%             | 2025-04-15      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| Presidio Holdings Inc.                             | Presidio Holdings Inc. Initial Term Loan (2020)                                                                          | CUSIP: 74101YAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      9262 | PA      | $9227.77      | 0.01%             | 2027-01-22      | Floating      | 8.33%                 | No            |                  3 | On Loan: No      |
| CFCRE Commercial Mortgage Trust                    | CFCRE Commercial Mortgage Trust 2016-C4                                                                                  | CUSIP: 12531YAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     82149 | PA      | $3167.45      | 0.00%             | 2058-05-10      | Variable      | 1.61%                 | No            |                  2 | On Loan: No      |
| Eagle Re Ltd                                       | Eagle RE 2021-2 Ltd                                                                                                      | CUSIP: 26982AAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    150000 | PA      | $148537.11    | 0.20%             | 2034-04-25      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                      | Carnival Corp                                                                                                            | CUSIP: 143658BQ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     36000 | PA      | $31033.08     | 0.04%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                              | Directv Financing LLC / Directv Financing Co-Obligor Inc                                                                 | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     46000 | PA      | $41664.96     | 0.06%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                       | GS Mortgage Securities Trust 2019-GC39                                                                                   | CUSIP: 36260JAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4638602 | PA      | $212514.31    | 0.29%             | 2052-05-10      | Variable      | 1.13%                 | No            |                  2 | On Loan: No      |
| Kronos Acquisition Holdings Inc.                   | Kronos Acquisition Holdings Inc. Tranche B-1 Term Loan                                                                   | CUSIP: 49387TAW6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     39200 | PA      | $38046.74     | 0.05%             | 2026-12-22      | Floating      | 8.48%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                            | Royal Caribbean Cruises Ltd                                                                                              | CUSIP: 780153BJ0<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     31000 | PA      | $27731.36     | 0.04%             | 2026-08-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                | NCL Corp Ltd                                                                                                             | CUSIP: 62886HBE0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    268000 | PA      | $249534.80    | 0.34%             | 2027-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Western Digital Corp                               | Western Digital Corp                                                                                                     | CUSIP: 958102AM7<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |    116000 | PA      | $112043.24    | 0.15%             | 2026-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                     | Long: IS21ZR1   CDS USD R F  3.00000 IS21ZR1 CMBX / Short: IS21ZR1   CDS USD P V 01MEVENT IS21ZS2 CMBX                   | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DCR              |  | US        |     11134 | OU      | $-2715.71     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| eG Global Finance PLC                              | eG Global Finance PLC                                                                                                    | CUSIP: 000000000<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |    144000 | PA      | $139382.41    | 0.19%             | 2025-02-07      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                             | US 10YR NOTE (CBT)MAR23                                                                                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -11 | NC      | $-6288.73     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| ACM Auto Trust                                     | ACM Auto Trust 2023-1                                                                                                    | CUSIP: 00461VAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    180000 | PA      | $180032.27    | 0.25%             | 2030-01-22      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                       | Ecopetrol SA                                                                                                             | CUSIP: 279158AQ2<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |      7000 | PA      | $4838.75      | 0.01%             | 2051-11-02      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                           | Santander UK Group Holdings PLC                                                                                          | CUSIP: 80281LAS4<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |    359000 | PA      | $371399.86    | 0.51%             | 2026-11-21      | Fixed         | 6.83%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                     | Long: IS1ZLI7   CDS USD R F  3.00000 IS1ZLI7 CMBX / Short: IS1ZLI7   CDS USD P V 01MEVENT IS1ZLJ8 CMBX                   | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DCR              |  | US        |     32783 | OU      | $-7996.24     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATI                           | Consolidated Communications Inc                                                                                          | CUSIP: 20903XAH6<br>LEI: 549300WW675Y48HDVX34 | Long             | DBT              | CORP              | US        |     35000 | PA      | $26728.45     | 0.04%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Credit Agricole SA                                 | Credit Agricole SA                                                                                                       | CUSIP: 225313AJ4<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $206436.00    | 0.28%             | 2025-12-23      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Cross Financial Corp.                              | Cross Financial Corp. Term B-1 Loan                                                                                      | CUSIP: 22750JAD6<br>LEI: 2549008J3I495E70LU05 | Long             | LON              | CORP              | US        |     49127 | PA      | $48717.87     | 0.07%             | 2027-09-15      | Floating      | 8.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | United States Treasury Note/Bond                                                                                         | CUSIP: 91282CFX4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2732200 | PA      | $2739884.31   | 3.76%             | 2024-11-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GIP II Blue Holding, L.P.                          | GIP II Blue Holding, L.P. Initial Term Loan                                                                              | CUSIP: 31575AAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     86606 | PA      | $86416.40     | 0.12%             | 2028-09-29      | Floating      | 9.23%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                                         | Mattel Inc                                                                                                               | CUSIP: 577081BD3<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |    102000 | PA      | $102128.52    | 0.14%             | 2027-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Churchill Downs Inc                                | Churchill Downs Inc                                                                                                      | CUSIP: 171484AE8<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |     59000 | PA      | $55195.68     | 0.08%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GATES GLOBAL/GATES CORP                            | Gates Global LLC / Gates Corp                                                                                            | CUSIP: 36740LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     61000 | PA      | $60075.09     | 0.08%             | 2026-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                        | BNP Paribas SA                                                                                                           | CUSIP: 05565AHN6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $196790.00    | 0.27%             | 2024-03-25      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc                                  | Newell Brands Inc                                                                                                        | CUSIP: 651229AW6<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     26000 | PA      | $24697.66     | 0.03%             | 2026-04-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                           | Western Midstream Operating LP                                                                                           | CUSIP: 958667AC1<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18310.00     | 0.03%             | 2030-02-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Radnor Re LTD                                      | Radnor RE 2019-1 Ltd                                                                                                     | CUSIP: 75049SAB9<br>LEI: 254900JBDDKUTX6TX151 | Long             | ABS-MBS          | CORP              | BM        |     95779 | PA      | $95006.13     | 0.13%             | 2029-02-25      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                 | Viking Cruises Ltd                                                                                                       | CUSIP: 92676XAE7<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |     16000 | PA      | $16974.24     | 0.02%             | 2025-05-15      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                      | PURCHASED USD / SOLD GBP                                                                                                 | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-1611.16     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                                                                        | CUSIP: 3136A4F79<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     72004 | PA      | $2353.05      | 0.00%             | 2041-03-25      | Floating      | 2.04%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC             | Long: IS1ZN03   CDS USD R F  3.00000 IS1ZN03 CMBX / Short: IS1ZN03   CDS USD P V 01MEVENT IS1ZN14 CMBX                   | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              |  | GB        |      1856 | OU      | $-452.62      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                             | United States Treasury Note/Bond                                                                                         | CUSIP: 9128284V9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    743200 | PA      | $714052.63    | 0.98%             | 2028-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                | COMM 2012-CCRE5 Mortgage Trust                                                                                           | CUSIP: 12623SAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $97030.06     | 0.13%             | 2045-12-10      | Variable      | 4.42%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                                                                        | CUSIP: 3136B5WA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     38119 | PA      | $4858.98      | 0.01%             | 2049-08-25      | Floating      | 1.54%                 | No            |                  2 | On Loan: No      |
| SOLARIS MIDSTREAM HOLDIN                           | Solaris Midstream Holdings LLC                                                                                           | CUSIP: 83419MAA0<br>LEI: 5493007AWQW8ZKCHVV46 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25012.50     | 0.03%             | 2026-04-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                              | Caesars Entertainment Inc                                                                                                | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40760.80     | 0.06%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PRESIDIO HOLDING INC                               | Presidio Holdings Inc                                                                                                    | CUSIP: 74101XAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     56000 | PA      | $52172.40     | 0.07%             | 2027-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                | Freddie Mac STACR REMIC Trust 2022-HQA1                                                                                  | CUSIP: 35564KTB5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     19900 | PA      | $19962.22     | 0.03%             | 2042-03-25      | Floating      | 7.81%                 | No            |                  2 | On Loan: No      |
| CANADA HOUSING TRUST                               | Canada Housing Trust No 1                                                                                                | CUSIP: 13509PFA6<br>LEI: 549300M44WH89JG50067 | Long             | DBT              | NUSS              | CA        |   5065000 | PA      | $3641105.18   | 4.99%             | 2025-12-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                           | 1011778 BC ULC / New Red Finance Inc                                                                                     | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     17000 | PA      | $15538.00     | 0.02%             | 2028-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Netflix Inc                                        | Netflix Inc                                                                                                              | CUSIP: 64110LAN6<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |     64000 | PA      | $63616.64     | 0.09%             | 2026-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                      | PURCHASED USD / SOLD NZD                                                                                                 | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-2275.77     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BLOCK INC                                          | Block Inc                                                                                                                | CUSIP: 852234AN3<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     36000 | PA      | $32729.76     | 0.04%             | 2026-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                           | Lloyds Banking Group PLC                                                                                                 | CUSIP: 539439AV1<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $188590.00    | 0.26%             | 2026-02-05      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | United States Treasury Note/Bond                                                                                         | CUSIP: 91282CFA4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5400900 | PA      | $5281911.42   | 7.25%             | 2024-07-31      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                      | PURCHASED EUR / SOLD USD                                                                                                 | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |         1 | NC      | $14.46        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC        | BBCMS MORTGAGE TRUST 2017-C1                                                                                             | CUSIP: 07332VBJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1313754 | PA      | $60536.49     | 0.08%             | 2050-02-15      | Variable      | 1.46%                 | No            |                  2 | On Loan: No      |
| ANGI GROUP LLC                                     | ANGI Group LLC                                                                                                           | CUSIP: 001846AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $199321.20    | 0.27%             | 2028-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                        | Long: BS1TGT5   IRS USD R V 03MLIBOR IS1TGU6 CCPVANILLA / Short: BS1TGT5   IRS USD P F  2.20600 IS1TGT5 CCPVANILLA       | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    260000 | OU      | $10183.94     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                             | United States Treasury Note/Bond                                                                                         | CUSIP: 91282CGE5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12239300 | PA      | $12225913.27  | 16.77%            | 2026-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                     | Long: IS1ZLG5   CDS USD R F  3.00000 IS1ZLG5 CMBX / Short: IS1ZLG5   CDS USD P V 01MEVENT IS1ZLH6 CMBX                   | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DCR              |  | US        |     48865 | OU      | $-11918.93    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                      | Carnival Corp                                                                                                            | CUSIP: 143658BN1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     62000 | PA      | $51445.74     | 0.07%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                   | Fannie Mae Connecticut Avenue Securities                                                                                 | CUSIP: 30711XBB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     20244 | PA      | $21164.84     | 0.03%             | 2025-07-25      | Floating      | 9.51%                 | No            |                  2 | On Loan: No      |
| CURO GROUP HOLDINGS CORP                           | Curo Group Holdings Corp                                                                                                 | CUSIP: 23131LAC1<br>LEI: 54930007KH8KCGJ4YE72 | Long             | DBT              | CORP              | US        |     53000 | PA      | $24048.75     | 0.03%             | 2028-08-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                    | Sealed Air Corp                                                                                                          | CUSIP: 000000000<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |     27000 | PA      | $27251.64     | 0.04%             | 2028-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                       | UBS Group AG                                                                                                             | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    200000 | PA      | $199138.00    | 0.27%             | 2024-01-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                      | Aircastle Ltd                                                                                                            | CUSIP: 00928QAS0<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |      2000 | PA      | $1928.04      | 0.00%             | 2026-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                                 | Regal Rexnord Corp                                                                                                       | CUSIP: 758750AE3<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |     56000 | PA      | $57015.84     | 0.08%             | 2030-02-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                       | GS Mortgage Securities Trust 2017-GS5                                                                                    | CUSIP: 36252HAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1417052 | PA      | $39261.28     | 0.05%             | 2050-03-10      | Variable      | 0.83%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                     | Sabre GLBL Inc                                                                                                           | CUSIP: 78573NAC6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |     84000 | PA      | $85788.36     | 0.12%             | 2025-04-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| TRIUMPH GROUP INC                                  | Triumph Group Inc                                                                                                        | CUSIP: 896818AS0<br>LEI: 5493007L6S47Q14SL582 | Long             | DBT              | CORP              | US        |     89000 | PA      | $90696.34     | 0.12%             | 2024-06-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| ACU PETROLEO LUXEMBOURG                            | Acu Petroleo Luxembourg Sarl                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    248470 | PA      | $232521.32    | 0.32%             | 2032-01-13      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Republic of Angola                                 | Angolan Government International Bond                                                                                    | CUSIP: 035198AA8<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    200000 | PA      | $208750.00    | 0.29%             | 2025-11-12      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                              | Palmer Square CLO 2021-3 Ltd                                                                                             | CUSIP: 69688FAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $236237.25    | 0.32%             | 2035-01-15      | Floating      | 7.74%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                  | EURO-SCHATZ FUT MAR23                                                                                                    | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        -2 | NC      | $2123.47      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VERITAS US INC/BERMUDA L                           | Veritas US Inc / Veritas Bermuda Ltd                                                                                     | CUSIP: 92346LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    214000 | PA      | $141167.24    | 0.19%             | 2025-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT                                   | Bellemeade Re 2022-2 Ltd                                                                                                 | CUSIP: 07876GAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $199998.56    | 0.27%             | 2032-09-27      | Floating      | 8.31%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO INC                                | Sirius XM Radio Inc                                                                                                      | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     28000 | PA      | $24890.04     | 0.03%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | United States Treasury Note/Bond                                                                                         | CUSIP: 91282CGC9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    816000 | PA      | $823905.00    | 1.13%             | 2027-12-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PER                           | Banco de Credito del Peru S.A.                                                                                           | CUSIP: 05971U2C0<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |    119000 | PA      | $109327.09    | 0.15%             | 2030-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                                                                        | CUSIP: 3136AR4Q8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    161614 | PA      | $25065.35     | 0.03%             | 2046-05-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                  | HSBC Holdings PLC                                                                                                        | CUSIP: 404280DQ9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $211146.00    | 0.29%             | 2026-11-03      | Fixed         | 7.34%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT                                   | Bellemeade Re 2019-1 Ltd                                                                                                 | CUSIP: 07876RAB2<br>LEI: 254900K56RF3Z7VQ3U81 | Long             | ABS-MBS          | CORP              | BM        |      1241 | PA      | $1240.30      | 0.00%             | 2029-03-25      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust      | JP Morgan Chase Commercial Mortgage Securities Trust 2013-LC11                                                           | CUSIP: 46639YAV9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    110000 | PA      | $107925.30    | 0.15%             | 2046-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                   | Fannie Mae Connecticut Avenue Securities                                                                                 | CUSIP: 30711XAX2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     16822 | PA      | $17161.63     | 0.02%             | 2025-05-25      | Floating      | 8.51%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                   | Fannie Mae Connecticut Avenue Securities                                                                                 | CUSIP: 30711XBH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2388 | PA      | $2479.03      | 0.00%             | 2028-04-25      | Floating      | 10.06%                | No            |                  2 | On Loan: No      |
| KLEOPATRA FINCO SARL                               | Kleopatra Finco Sarl                                                                                                     | CUSIP: 000000000<br>LEI: 222100M6T1N8VIC8M726 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $91044.49     | 0.12%             | 2026-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                              | Genesis Energy LP / Genesis Energy Finance Corp                                                                          | CUSIP: 37185LAL6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $14523.75     | 0.02%             | 2028-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                      | DISH DBS Corp                                                                                                            | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    178000 | PA      | $153373.70    | 0.21%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                             | Rockford Tower CLO 2021-2 Ltd                                                                                            | CUSIP: 77341LAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $228972.25    | 0.31%             | 2034-07-20      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| MPH ACQUISITION HOLDINGS                           | MPH Acquisition Holdings LLC                                                                                             | CUSIP: 553283AC6<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |     78000 | PA      | $56649.84     | 0.08%             | 2028-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                        | Long: IS20CK0   CDS USD R F  3.00000 IS20CK0 CMBX / Short: IS20CK0   CDS USD P V 01MEVENT IS20CL1 CMBX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              |  | GB        |     14845 | OU      | $-3620.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC BOR ESC                           | Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc                                         | CUSIP: 43284MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      9000 | PA      | $7800.93      | 0.01%             | 2031-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | United States Treasury Note/Bond                                                                                         | CUSIP: 9128285M8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2932600 | PA      | $2851953.50   | 3.91%             | 2028-11-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| DISH DBS Corp                                      | DISH DBS Corp                                                                                                            | CUSIP: 25470XAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     53000 | PA      | $50044.19     | 0.07%             | 2024-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LSB INDUSTRIES                                     | LSB Industries Inc                                                                                                       | CUSIP: 502160AN4<br>LEI: 5493001H215A0HG0MI71 | Long             | DBT              | CORP              | US        |     34000 | PA      | $30636.38     | 0.04%             | 2028-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                     | Morgan Stanley Capital I Trust 2019-BPR                                                                                  | CUSIP: 61769GAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    133000 | PA      | $119547.79    | 0.16%             | 2036-05-15      | Floating      | 8.71%                 | No            |                  2 | On Loan: No      |
| MILLENNIUM ESCROW CORP                             | Millennium Escrow Corp                                                                                                   | CUSIP: 60041CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $34753.50     | 0.05%             | 2026-08-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                | PURCHASED USD / SOLD EUR                                                                                                 | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-41717.01    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| BAT INTL FINANCE PLC                               | BAT International Finance PLC                                                                                            | CUSIP: 05530QAP5<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |    116000 | PA      | $111060.72    | 0.15%             | 2028-03-16      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD                                 | Leviathan Bond Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |     59000 | PA      | $58734.50     | 0.08%             | 2023-06-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Viking Cruises Ltd                                 | Viking Cruises Ltd                                                                                                       | CUSIP: 92676XAD9<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |     12000 | PA      | $10233.00     | 0.01%             | 2027-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                    | Long: SS2IE86   CDS EUR R F  5.00000 IS2IE86 CCPITRAXX / Short: SS2IE86   CDS EUR P V 03MEVENT IS2IE97 CCPITRAXX         | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   1380000 | OU      | $59103.46     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Hanesbrands Inc                                    | Hanesbrands Inc                                                                                                          | CUSIP: 410345AJ1<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34413.40     | 0.05%             | 2024-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO LTD.                              | Sixth Street CLO XVII Ltd                                                                                                | CUSIP: 83012FAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $239652.00    | 0.33%             | 2034-01-20      | Floating      | 7.96%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                      | UBS Commercial Mortgage Trust 2019-C18                                                                                   | CUSIP: 90278PBB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1261149 | PA      | $57853.56     | 0.08%             | 2052-12-15      | Variable      | 1.02%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                            | Crescent Energy Finance LLC                                                                                              | CUSIP: 45344LAA1<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |     28000 | PA      | $26873.00     | 0.04%             | 2026-05-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                | Ecuador Government International Bond                                                                                    | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     32578 | PA      | $21619.58     | 0.03%             | 2030-07-31      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                | Global Payments Inc                                                                                                      | CUSIP: 891906AF6<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    216000 | PA      | $208498.32    | 0.29%             | 2028-06-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                              | Civitas Resources Inc                                                                                                    | CUSIP: 097793AE3<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28082.10     | 0.04%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ECO MATERIAL TECH INC                              | Eco Material Technologies Inc                                                                                            | CUSIP: 27900QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     92000 | PA      | $88588.64     | 0.12%             | 2027-01-31      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SHEA HOMES LP/FNDG CP                              | Shea Homes LP / Shea Homes Funding Corp                                                                                  | CUSIP: 82088KAK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11000 | PA      | $9795.83      | 0.01%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                  | Newell Brands Inc                                                                                                        | CUSIP: 651229BC9<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     53000 | PA      | $53286.20     | 0.07%             | 2027-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                  | Newell Brands Inc                                                                                                        | CUSIP: 651229BB1<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6839.77      | 0.01%             | 2025-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                           | Sumitomo Mitsui Financial Group Inc                                                                                      | CUSIP: 86562MCW8<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    271000 | PA      | $282157.07    | 0.39%             | 2030-01-13      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| ACProducts Holdings, Inc.                          | ACProducts Holdings, Inc. Initial Term Loan                                                                              | CUSIP: 00488YAB2<br>LEI: 254900KTNXVUUHWHBF39 | Long             | LON              | CORP              | US        |    100470 | PA      | $80763.81     | 0.11%             | 2028-05-17      | Floating      | 8.98%                 | No            |                  2 | On Loan: No      |
| LINDBLAD EXPEDITIONS LLC                           | Lindblad Expeditions LLC                                                                                                 | CUSIP: 53523LAA8<br>LEI: 549300MPUWOG67Y2R254 | Long             | DBT              | CORP              | US        |     28000 | PA      | $27416.48     | 0.04%             | 2027-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CEDAR FAIR/CAN/MAGNUM/MI                           | Cedar Fair LP / Canada's Wonderland Co / Magnum Management Corp / Millennium Op                                          | CUSIP: 150190AF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     29000 | PA      | $28799.90     | 0.04%             | 2025-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VIRTUSA CORP                                       | Virtusa Corp                                                                                                             | CUSIP: 92837TAA0<br>LEI: C77OMXDER63WLJCSKT03 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8402.30      | 0.01%             | 2028-12-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| INTERPUBLIC GROUP COS                              | Interpublic Group of Cos Inc/The                                                                                         | CUSIP: 460690BP4<br>LEI: 5493008IUOJ5VWTRC333 | Long             | DBT              | CORP              | US        |    105000 | PA      | $103630.80    | 0.14%             | 2028-10-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| DIRECTV Financing, LLC                             | DIRECTV Financing, LLC Closing Date Term Loan                                                                            | CUSIP: 25460HAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     26625 | PA      | $26145.22     | 0.04%             | 2027-08-02      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                | Freddie Mac STACR REMIC Trust 2021-DNA7                                                                                  | CUSIP: 35564KMA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    217594 | PA      | $215011.26    | 0.29%             | 2041-11-25      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                     | Long: IS22KG8   CDS USD R F  3.00000 IS22KG8 CMBX / Short: IS22KG8   CDS USD P V 01MEVENT IS22KH9 CMBX                   | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DCR              |  | US        |    309270 | OU      | $-75436.22    | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| RACKSPACE TECHNOLOGY                               | Rackspace Technology Global Inc                                                                                          | CUSIP: 750098AB1<br>LEI: 549300QTYCKLMFSE8I97 | Long             | DBT              | CORP              | US        |    105000 | PA      | $63131.25     | 0.09%             | 2028-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AIB Group PLC                                      | AIB Group PLC                                                                                                            | CUSIP: 00135TAB0<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $195774.00    | 0.27%             | 2025-04-10      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS ESCROW CORP                               | Entegris Escrow Corp                                                                                                     | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    112000 | PA      | $105080.64    | 0.14%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Radnor Re LTD                                      | Radnor RE 2020-1 Ltd                                                                                                     | CUSIP: 750493AC2<br>LEI: 254900YVLP8CB4GC2O97 | Long             | ABS-MBS          | CORP              | BM        |    150000 | PA      | $147244.55    | 0.20%             | 2030-01-25      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| Sands China Ltd                                    | Sands China Ltd                                                                                                          | CUSIP: 80007RAF2<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $197250.00    | 0.27%             | 2025-08-08      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                            | Royal Caribbean Cruises Ltd                                                                                              | CUSIP: 780153AZ5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     47000 | PA      | $50429.12     | 0.07%             | 2025-06-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| Crown Subsea Communications Holding, Inc.          | Crown Subsea Communications Holding, Inc. Initial Term Loan                                                              | CUSIP: 22860EAE2<br>LEI: 5493003AYLUE132FIO27 | Long             | LON              | CORP              | US        |     40068 | PA      | $39858.13     | 0.05%             | 2027-04-27      | Floating      | 9.32%                 | No            |                  2 | On Loan: No      |
| ARCONIC CORP                                       | Arconic Corp                                                                                                             | CUSIP: 03966VAB3<br>LEI: 549300B4YFWH3U74B152 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14924.85     | 0.02%             | 2025-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                  | EURO-BOBL FUTURE MAR23                                                                                                   | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        -5 | NC      | $12040.84     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RP ESCROW ISSUER LLC                               | RP Escrow Issuer LLC                                                                                                     | CUSIP: 74969PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     39000 | PA      | $31816.59     | 0.04%             | 2025-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WYNN LAS VEGAS LLC/CORP                            | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp                                                                         | CUSIP: 983130AX3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     33000 | PA      | $31168.50     | 0.04%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust                       | CD 2016-CD1 Mortgage Trust                                                                                               | CUSIP: 12514MBD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1505301 | PA      | $52380.41     | 0.07%             | 2049-08-10      | Variable      | 1.37%                 | No            |                  2 | On Loan: No      |
| SPIRIT LOYALTY KY LTD/IP                           | Spirit Loyalty Cayman Ltd / Spirit IP Cayman Ltd                                                                         | CUSIP: 84859BAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    134323 | PA      | $137437.95    | 0.19%             | 2025-09-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                               | Las Vegas Sands Corp                                                                                                     | CUSIP: 517834AF4<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    150000 | PA      | $134248.50    | 0.18%             | 2029-08-08      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                      | Aircastle Ltd                                                                                                            | CUSIP: 00928QAU5<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |      5000 | PA      | $4353.85      | 0.01%             | 2028-01-26      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| United Auto Credit Securitization Trust            | United Auto Credit Securitization Trust 2023-1                                                                           | CUSIP: 90945CAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    180000 | PA      | $180019.57    | 0.25%             | 2025-07-10      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                              | Genesis Energy LP / Genesis Energy Finance Corp                                                                          | CUSIP: 37185LAM4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     21000 | PA      | $20731.62     | 0.03%             | 2027-01-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                       | Ecopetrol SA                                                                                                             | CUSIP: 279158AP4<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     15000 | PA      | $11813.25     | 0.02%             | 2031-11-02      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| LOXAM SAS                                          | Loxam SAS                                                                                                                | CUSIP: 000000000<br>LEI: 969500BNA2YRNE1R5K91 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $102898.78    | 0.14%             | 2027-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bank of America N.A.                               | PURCHASED USD / SOLD CAD                                                                                                 | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $-21762.31    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC             | Long: IS2AX41   CDS USD R F  2.00000 IS2AX41 CMBX / Short: IS2AX41   CDS USD P V 01MEVENT IS2AX52 CMBX                   | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              |  | GB        |    177813 | OU      | $-25893.46    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| FINThrive Software Intermediate Holdings, Inc.     | FINThrive Software Intermediate Holdings, Inc. Initial Loan (Second Lien)                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     20000 | PA      | $13675.00     | 0.02%             | 2029-12-17      | Floating      | 11.32%                | No            |                  3 | On Loan: No      |
| LEVIATHAN BOND LTD                                 | Leviathan Bond Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |     22976 | PA      | $22700.29     | 0.03%             | 2025-06-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD                                 | Leviathan Bond Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |     30000 | PA      | $29512.50     | 0.04%             | 2027-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Dufry One BV                                       | Dufry One BV                                                                                                             | CUSIP: 000000000<br>LEI: 7245003K5MN9U7XW0808 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $106421.14    | 0.15%             | 2024-10-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                | Freddie Mac Structured Agency Credit Risk Debt Notes                                                                     | CUSIP: 35564KB32<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    184000 | PA      | $187669.27    | 0.26%             | 2042-07-25      | Floating      | 8.31%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                | Citigroup Commercial Mortgage Trust 2017-P7                                                                              | CUSIP: 17325HBU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    820402 | PA      | $29342.65     | 0.04%             | 2050-04-14      | Variable      | 1.11%                 | No            |                  2 | On Loan: No      |
| EC FINANCE PLC                                     | EC Finance PLC                                                                                                           | CUSIP: 000000000<br>LEI: 213800NKPB53RHYDQE45 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $98788.26     | 0.14%             | 2026-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                             | CCO Holdings LLC / CCO Holdings Capital Corp                                                                             | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     26000 | PA      | $22229.48     | 0.03%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc.                      | Univision Communications Inc. 2017 Replacement Repriced First-Lien Term Loan                                             | CUSIP: 914908AX6<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |      1653 | PA      | $1650.70      | 0.00%             | 2024-03-15      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                                                                        | CUSIP: 3136ASJX5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    214671 | PA      | $34628.90     | 0.05%             | 2046-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                     | Long: IS21ZX7   CDS USD R F  3.00000 IS21ZX7 CMBX / Short: IS21ZX7   CDS USD P V 01MEVENT IS21ZY8 CMBX                   | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DCR              |  | US        |     11752 | OU      | $-2866.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PMT Credit Risk Transfer Trust                     | PMT Credit Risk Transfer Trust 2019-3R                                                                                   | CUSIP: 69349MAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14433 | PA      | $14069.94     | 0.02%             | 2031-11-27      | Floating      | 8.22%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                | Ecuador Government International Bond                                                                                    | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     21384 | PA      | $10381.93     | 0.01%             | 2035-07-31      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                  | Newell Brands Inc                                                                                                        | CUSIP: 651229BD7<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     53000 | PA      | $53729.81     | 0.07%             | 2029-09-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                | COMM 2014-CCRE16 Mortgage Trust                                                                                          | CUSIP: 12591VAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $85530.20     | 0.12%             | 2047-04-10      | Variable      | 4.93%                 | No            |                  2 | On Loan: No      |
| Banc of America Merrill Lynch Large Loan Inc       | BAMLL Commercial Mortgage Securities Trust 2013-WBRK                                                                     | CUSIP: 05525BAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $63824.38     | 0.09%             | 2037-03-10      | Variable      | 3.53%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | United States Treasury Note/Bond                                                                                         | CUSIP: 91282CGD7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10466200 | PA      | $10461293.97  | 14.35%            | 2024-12-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC                                     | AutoNation Inc                                                                                                           | CUSIP: 05329WAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $140962.50    | 0.19%             | 2030-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                        | Ivory Coast Government International Bond                                                                                | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    100000 | PA      | $91048.84     | 0.12%             | 2031-10-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                     | Wynn Macau Ltd                                                                                                           | CUSIP: 98313RAG1<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    300000 | PA      | $280500.00    | 0.38%             | 2026-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                     | Long: IS220T1   CDS USD R F  3.00000 IS220T1 CMBX / Short: IS220T1   CDS USD P V 01MEVENT IS220U2 CMBX                   | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DCR              |  | US        |      6185 | OU      | $-1508.72     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BPCE SA                                            | BPCE SA                                                                                                                  | CUSIP: 05583JAN2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $253070.00    | 0.35%             | 2027-01-18      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                             | PNC Financial Services Group Inc/The                                                                                     | CUSIP: 693475AK1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     12000 | PA      | $12086.88     | 0.02%             | 2023-05-01      | Variable      | 8.49%                 | No            |                  2 | On Loan: No      |
| Bank                                               | BANK 2020-BNK29                                                                                                          | CUSIP: 06541TBL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    982969 | PA      | $73142.73     | 0.10%             | 2053-11-15      | Variable      | 1.34%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                            | Royal Caribbean Cruises Ltd                                                                                              | CUSIP: 780153BK7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     42000 | PA      | $36492.96     | 0.05%             | 2027-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                | Freddie Mac Stacr Remic Trust 2020-DNA1                                                                                  | CUSIP: 35565HAH8<br>LEI: 5493003FQV7GR462GO02 | Long             | ABS-MBS          | USGSE             | US        |     26218 | PA      | $26152.47     | 0.04%             | 2050-01-25      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                           | Capital One Financial Corp                                                                                               | CUSIP: 14040HCX1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     67000 | PA      | $67394.63     | 0.09%             | 2029-02-01      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                | Exeter Automobile Receivables Trust 2019-1                                                                               | CUSIP: 30167DAE7<br>LEI: 549300KR7NUJOX0UJ040 | Long             | ABS-O            | CORP              | US        |     40000 | PA      | $39668.32     | 0.05%             | 2026-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | United States Treasury Note/Bond                                                                                         | CUSIP: 912828G38<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |         0 | PA      | $0.00         | 0.00%             | 2024-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELEC                           | Comision Federal de Electricidad                                                                                         | CUSIP: 000000000<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $183537.50    | 0.25%             | 2029-05-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                     | Morgan Stanley                                                                                                           | CUSIP: 61747YFA8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     22000 | PA      | $22238.04     | 0.03%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                             | US 2YR NOTE (CBT) MAR23                                                                                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -30 | NC      | $-5552.87     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| GS Mortgage Securities Trust                       | GS Mortgage Securities Trust 2017-GS7                                                                                    | CUSIP: 36254CAX8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3278575 | PA      | $115784.18    | 0.16%             | 2050-08-10      | Variable      | 1.08%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                | Freddie Mac STACR REMIC Trust 2021-DNA7                                                                                  | CUSIP: 35564KMH9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    225000 | PA      | $216704.25    | 0.30%             | 2041-11-25      | Floating      | 6.11%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                           | Albion Financing 1 SARL / Aggreko Holdings Inc                                                                           | CUSIP: 013304AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    200000 | PA      | $180058.00    | 0.25%             | 2026-10-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | United States Treasury Bill                                                                                              | CUSIP: 912796Y29<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    358300 | PA      | $350286.02    | 0.48%             | 2023-07-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SEAWORLD PARKS & ENTERTA                           | SeaWorld Parks & Entertainment Inc                                                                                       | CUSIP: 81282UAC6<br>LEI: 549300UZV72O3371JJ53 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20529.40     | 0.03%             | 2025-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                                                                        | CUSIP: 3136B4ZB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     44332 | PA      | $4933.09      | 0.01%             | 2049-06-25      | Floating      | 1.54%                 | No            |                  2 | On Loan: No      |
| CASTLELAKE AVIATION FIN                            | Castlelake Aviation Finance DAC                                                                                          | CUSIP: 14856HAA6<br>LEI: 2138006F7SMD1COVC345 | Long             | DBT              | CORP              | IE        |     62000 | PA      | $56533.46     | 0.08%             | 2027-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aircastle Ltd                                      | Aircastle Ltd                                                                                                            | CUSIP: 00928QAQ4<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |      8000 | PA      | $7832.48      | 0.01%             | 2024-05-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                           | Blue Racer Midstream LLC / Blue Racer Finance Corp                                                                       | CUSIP: 095796AH1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8000 | PA      | $8122.96      | 0.01%             | 2025-12-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                | Freddie Mac STACR Trust 2019-DNA4                                                                                        | CUSIP: 35565AAH3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      2134 | PA      | $2134.47      | 0.00%             | 2049-10-25      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| Coral-US Co-Borrower LLC                           | Coral-US Co-Borrower LLC Term B-6 Loan                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     30000 | PA      | $29775.00     | 0.04%             | 2029-10-15      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| CHILE ELEC PEC SPA                                 | Chile Electricity PEC SpA                                                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | CL        |    200000 | PA      | $147662.50    | 0.20%             | 2028-01-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                      | UBS Commercial Mortgage Trust 2018-C14                                                                                   | CUSIP: 90278KBB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    814019 | PA      | $32393.49     | 0.04%             | 2051-12-15      | Variable      | 0.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                                                                        | CUSIP: 3136A4F53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     65200 | PA      | $8607.77      | 0.01%             | 2042-03-25      | Floating      | 1.44%                 | No            |                  2 | On Loan: No      |
| CNTL AMR BOTTLING CORP                             | Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |     10000 | PA      | $9540.40      | 0.01%             | 2029-04-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                      | PURCHASED USD / SOLD EUR                                                                                                 | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-5277.38     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Home Re Ltd                                        | Home RE 2020-1 Ltd                                                                                                       | CUSIP: 43731WAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    150000 | PA      | $151888.56    | 0.21%             | 2030-10-25      | Floating      | 9.76%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE GROUP AG                             | Credit Suisse Group AG                                                                                                   | CUSIP: 000000000<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |    368000 | PA      | $278252.16    | 0.38%             | 2027-02-11      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                                | Travel + Leisure Co                                                                                                      | CUSIP: 98310WAS7<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19853.20     | 0.03%             | 2026-07-31      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                              | Bath & Body Works Inc                                                                                                    | CUSIP: 501797AR5<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |     64000 | PA      | $64917.76     | 0.09%             | 2029-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SKANDINAVISKA ENSKILDA                             | Skandinaviska Enskilda Banken AB                                                                                         | CUSIP: 000000000<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |    200000 | PA      | $200142.00    | 0.27%             | 2027-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | United States Treasury Note/Bond                                                                                         | CUSIP: 91282CEW7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2228400 | PA      | $2186965.69   | 3.00%             | 2027-06-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES                              | Continental Resources Inc/OK                                                                                             | CUSIP: 212015AT8<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |     41000 | PA      | $40246.83     | 0.06%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                           | American Airlines Inc/AAdvantage Loyalty IP Ltd                                                                          | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     44000 | PA      | $43150.80     | 0.06%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                   | Deutsche Bank AG/New York NY                                                                                             | CUSIP: 251526CG2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $189100.00    | 0.26%             | 2025-04-01      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust      | JP Morgan Chase Commercial Mortgage Securities Trust 2012-LC9                                                            | CUSIP: 46639EAR2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $73445.22     | 0.10%             | 2047-12-15      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| Seaworld Parks & Entertainment, Inc.               | Seaworld Parks & Entertainment, Inc. Term B Loan                                                                         | CUSIP: 78488CAH3<br>LEI: 549300UZV72O3371JJ53 | Long             | LON              | CORP              | US        |    141212 | PA      | $140682.95    | 0.19%             | 2028-08-25      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                              | Bath & Body Works Inc                                                                                                    | CUSIP: 501797AU8<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6425.22      | 0.01%             | 2025-07-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                             | US 5YR NOTE (CBT) MAR23                                                                                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -34 | NC      | $14580.11     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GS Mortgage Securities Trust                       | GS Mortgage Securities Trust 2016-GS3                                                                                    | CUSIP: 36251PAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1287721 | PA      | $43133.26     | 0.06%             | 2049-10-10      | Variable      | 1.20%                 | No            |                  2 | On Loan: No      |
| RADIATE HOLDCO / FINANCE                           | Radiate Holdco LLC / Radiate Finance Inc                                                                                 | CUSIP: 75026JAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $65108.30     | 0.09%             | 2026-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                                | Intesa Sanpaolo SpA                                                                                                      | CUSIP: 46115HBU0<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    359000 | PA      | $370897.26    | 0.51%             | 2025-11-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LEGACY LIFEPOINT HEALTH                            | Legacy LifePoint Health LLC                                                                                              | CUSIP: 53219LAS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    114000 | PA      | $99664.50     | 0.14%             | 2027-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NEW MOUNTAIN CLO LTD                               | New Mountain CLO 3 Ltd                                                                                                   | CUSIP: 647550AJ1<br>LEI: 549300CEYMYPINCEX579 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $231126.25    | 0.32%             | 2034-10-20      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                           | Prime Security Services Borrower LLC / Prime Finance Inc                                                                 | CUSIP: 74166MAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     23000 | PA      | $20463.10     | 0.03%             | 2027-08-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| EMBECTA CORP                                       | Embecta Corp                                                                                                             | CUSIP: 29082KAA3<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | DBT              | CORP              | US        |     27000 | PA      | $22234.77     | 0.03%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Staples Inc                                        | Staples Inc                                                                                                              | CUSIP: 855030AN2<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13317.00     | 0.02%             | 2026-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PMT CREDIT RISK TRANSFER TRUST                     | PMT Credit Risk Transfer Trust 2019-2R                                                                                   | CUSIP: 69345WAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     28064 | PA      | $27400.04     | 0.04%             | 2023-05-27      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                | Exeter Automobile Receivables Trust 2018-4                                                                               | CUSIP: 30166EAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    115000 | PA      | $114518.53    | 0.16%             | 2025-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                | Synchrony Financial                                                                                                      | CUSIP: 87165BAM5<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |     57000 | PA      | $52719.87     | 0.07%             | 2027-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                     | Long: IS20CQ6   CDS USD R F  3.00000 IS20CQ6 CMBX / Short: IS20CQ6   CDS USD P V 01MEVENT IS20CR7 CMBX                   | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DCR              |  | US        |     14845 | OU      | $-3620.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC                            | New Fortress Energy Inc                                                                                                  | CUSIP: 644393AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $71952.00     | 0.10%             | 2025-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WF-RBS Commercial Mortgage Trust                   | WFRBS Commercial Mortgage Trust 2011-C4                                                                                  | CUSIP: 92936CAY5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     25000 | PA      | $20327.54     | 0.03%             | 2044-06-15      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                         | BFLD 2019-DPLO                                                                                                           | CUSIP: 054970AN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10000 | PA      | $9673.60      | 0.01%             | 2034-10-15      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| Pinewood Finance Co Ltd                            | Pinewood Finance Co Ltd                                                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    118000 | PA      | $135106.70    | 0.19%             | 2025-09-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                           | 1011778 BC ULC / New Red Finance Inc                                                                                     | CUSIP: 68245XAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     35000 | PA      | $32304.65     | 0.04%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                   | Deutsche Bank AG/New York NY                                                                                             | CUSIP: 251526CS6<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    156000 | PA      | $164157.24    | 0.23%             | 2029-01-18      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                    | Long: SS2IS17   CDS USD R F  5.00000 IS2IS17 CCPCDX / Short: SS2IS17   CDS USD P V 03MEVENT IS2IS28 CCPCDX               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   3290000 | OU      | $110318.67    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                      | UBS Commercial Mortgage Trust 2017-C1                                                                                    | CUSIP: 90276EAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1049803 | PA      | $52108.13     | 0.07%             | 2050-06-15      | Variable      | 1.52%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                            | Dryden 98 CLO Ltd                                                                                                        | CUSIP: 26248AAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $220578.00    | 0.30%             | 2035-04-20      | Floating      | 7.74%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                     | Morgan Stanley                                                                                                           | CUSIP: 61747YEV3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    279000 | PA      | $294894.63    | 0.40%             | 2028-10-18      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Starwood Retail Property Trust                     | Starwood Retail Property Trust 2014-STAR                                                                                 | CUSIP: 85571XAA5<br>LEI: 5493007115G809OI4R97 | Long             | ABS-MBS          | CORP              | US        |     88634 | PA      | $61431.29     | 0.08%             | 2027-11-15      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| Oaktown Re Ltd                                     | Oaktown Re II Ltd                                                                                                        | CUSIP: 67400CAA6<br>LEI: 254900KOPN6EP9T3LD85 | Long             | ABS-MBS          | CORP              | US        |     30983 | PA      | $30970.52     | 0.04%             | 2028-07-25      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                        | Long: IS2K2V1   TRS USD R F  1.00000 IS2K2V1 IBOXXTRS / Short: IS2K2V1   TRS USD P V 00MSOFR IS2K2W2 IBOXXTRS            | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              |  | GB        |    150000 | OU      | $6180.91      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS-Barclays Commercial Mortgage Trust             | UBS-Barclays Commercial Mortgage Trust 2013-C6                                                                           | CUSIP: 90349GAS4<br>LEI: 549300G1IXWLFE766Q13 | Long             | ABS-MBS          | CORP              | US        |     80800 | PA      | $65822.03     | 0.09%             | 2046-04-10      | Variable      | 4.32%                 | No            |                  2 | On Loan: No      |
| ELANCO ANIMAL HEALTH INC                           | Elanco Animal Health Inc                                                                                                 | CUSIP: 28414HAG8<br>LEI: 549300SHPNDCE059M934 | Long             | DBT              | CORP              | US        |    173000 | PA      | $169950.01    | 0.23%             | 2028-08-28      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale SA                                                                                                      | CUSIP: 83368RBQ4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    271000 | PA      | $277899.66    | 0.38%             | 2027-01-12      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP                              | Bank of Ireland Group PLC                                                                                                | CUSIP: 06279JAC3<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $202772.00    | 0.28%             | 2026-09-16      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                           | Long: IS1UV26   CDS USD R F  5.00000 IS1UV26 CMBX / Short: IS1UV26   CDS USD P V 01MEVENT IS1UV37 CMBX                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              |  | US        |    133973 | OU      | $-49359.53    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                   | Connecticut Avenue Securities Trust 2019-R03                                                                             | CUSIP: 20753MAF5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      1564 | PA      | $1563.56      | 0.00%             | 2031-09-25      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| STATE AGE ROADS                                    | State Agency of Roads of Ukraine                                                                                         | CUSIP: 857329AA4<br>LEI: 254900FGEO8P5USHG994 | Long             | DBT              | CORP              | UA        |    200000 | PA      | $35662.50     | 0.05%             | 2030-06-24      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                           | Prime Security Services Borrower LLC / Prime Finance Inc                                                                 | CUSIP: 74166MAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     82000 | PA      | $77759.78     | 0.11%             | 2028-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic                                  | Lebanon Government International Bond                                                                                    | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     16000 | PA      | $1000.00      | 0.00%             | 2022-10-04      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Ecopetrol SA                                       | Ecopetrol SA                                                                                                             | CUSIP: 279158AL3<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     55000 | PA      | $52974.63     | 0.07%             | 2026-06-26      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                   | Fannie Mae Connecticut Avenue Securities                                                                                 | CUSIP: 30711XBU7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8537 | PA      | $9051.53      | 0.01%             | 2028-08-25      | Floating      | 11.46%                | No            |                  2 | On Loan: No      |
| VOLCAN CIA MINERA SAA-CM                           | Volcan Cia Minera SAA                                                                                                    | CUSIP: 000000000<br>LEI: 549300XKJ91C4SZLG750 | Long             | DBT              | CORP              | PE        |     12000 | PA      | $10564.50     | 0.01%             | 2026-02-11      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Regatta XXIV Funding Ltd.                          | Regatta XXIV Funding Ltd                                                                                                 | CUSIP: 75889HAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $231696.50    | 0.32%             | 2035-01-20      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| Galaxy CLO Ltd                                     | Galaxy 30 Clo Ltd                                                                                                        | CUSIP: 36321RAG1<br>LEI: 549300QQ6WEN7DIBD138 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $227494.25    | 0.31%             | 2035-04-15      | Floating      | 8.01%                 | No            |                  2 | On Loan: No      |
| COLONY MORTGAGE CAPITAL LTD                        | CLNY Trust 2019-IKPR                                                                                                     | CUSIP: 12564NAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    120000 | PA      | $111884.83    | 0.15%             | 2038-11-15      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| VOC Escrow Ltd                                     | VOC Escrow Ltd                                                                                                           | CUSIP: 91832VAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    226000 | PA      | $198895.82    | 0.27%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lear Corp                                          | Lear Corp                                                                                                                | CUSIP: 521865BA2<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | DBT              | CORP              | US        |    150000 | PA      | $141226.50    | 0.19%             | 2029-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Republic of El Salvador                            | El Salvador Government International Bond                                                                                | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     90000 | PA      | $47604.38     | 0.07%             | 2029-02-28      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | United States Treasury Note/Bond                                                                                         | CUSIP: 91282CFZ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4966800 | PA      | $5016468.00   | 6.88%             | 2027-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| RENK AG FRANKFURT                                  | Renk AG/Frankfurt am Main                                                                                                | CUSIP: 000000000<br>LEI: 894500DAJJ2W78HOJY11 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $105760.16    | 0.15%             | 2025-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HSBC Securities USA, Inc.                          | REVERSE REPO HSBC                                                                                                        | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |  -9003125 | PA      | $-9003125.00  | -12.35%           |  |  |  | No            |                  1 | On Loan: No      |
| CSC Holdings LLC                                   | CSC Holdings LLC                                                                                                         | CUSIP: 126307AY3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $146108.00    | 0.20%             | 2028-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SUMMIT MID HLDS LLC / FI                           | Summit Midstream Holdings LLC / Summit Midstream Finance Corp                                                            | CUSIP: 86614WAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $38928.40     | 0.05%             | 2026-10-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust              | Wells Fargo Commercial Mortgage Trust 2016-LC24                                                                          | CUSIP: 95000HBJ0<br>LEI: 5493007OD9MH69ES1S63 | Long             | ABS-MBS          | CORP              | US        |    794128 | PA      | $35522.62     | 0.05%             | 2049-10-15      | Variable      | 1.61%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                          | Uniform Mortgage-Backed Security, TBA                                                                                    | CUSIP: 01F042624<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3805433 | PA      | $3758757.08   | 5.16%             | 2053-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                     | Long: IS22013   CDS USD R F  3.00000 IS22013 CMBX / Short: IS22013   CDS USD P V 01MEVENT IS22024 CMBX                   | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DCR              |  | US        |     16082 | OU      | $-3922.68     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                             | United States Treasury Note/Bond                                                                                         | CUSIP: 912828ZQ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    309100 | PA      | $252206.28    | 0.35%             | 2030-05-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Aircastle Ltd                                      | Aircastle Ltd                                                                                                            | CUSIP: 00928QAP6<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |      3000 | PA      | $2994.99      | 0.00%             | 2023-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regatta XX Funding Ltd                             | Regatta XX Funding Ltd                                                                                                   | CUSIP: 75884YAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $235086.50    | 0.32%             | 2034-10-15      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T                           | Diversified Healthcare Trust                                                                                             | CUSIP: 25525PAA5<br>LEI: N/A                  | Long             | DBT              |  | US        |    167000 | PA      | $163890.46    | 0.22%             | 2025-06-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| PRESIDIO HOLDING INC                               | Presidio Holdings Inc                                                                                                    | CUSIP: 74101XAF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2000 | PA      | $1922.94      | 0.00%             | 2028-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                | Freddie Mac STACR REMIC Trust 2021-DNA5                                                                                  | CUSIP: 35564KHE2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     62347 | PA      | $61686.65     | 0.08%             | 2034-01-25      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                     | Var Energi ASA                                                                                                           | CUSIP: 92212WAD2<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    282000 | PA      | $297103.92    | 0.41%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                       | Barclays PLC                                                                                                             | CUSIP: 06738EBX2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $200586.00    | 0.28%             | 2029-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                        | Long: IS210V0   CDS USD R F  3.00000 IS210V0 CMBX / Short: IS210V0   CDS USD P V 01MEVENT IS210W1 CMBX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              |  | GB        |     96492 | OU      | $-23536.10    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                | Freddie Mac Structured Agency Credit Risk Debt Notes                                                                     | CUSIP: 3137G0GJ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     78454 | PA      | $80801.89     | 0.11%             | 2028-03-25      | Floating      | 9.21%                 | No            |                  2 | On Loan: No      |
| JPMorgan Securities LLC                            | Long: IS20CI8   CDS USD R F  3.00000 IS20CI8 CMBX / Short: IS20CI8   CDS USD P V 01MEVENT IS20CJ9 CMBX                   | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCR              |  | US        |      7422 | OU      | $-1810.47     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Credit Suisse International                        | Long: IS1QA83   CDS USD R F  2.00000 IS1QA83 CMBX-A-476428 / Short: IS1QA83   CDS USD P V 00MEVENT IS1QA94 CMBX-A-476428 | CUSIP: 000000000<br>LEI: E58DKGMJYYYJLN8C3868 | N/A              | DCR              |  | US        |    160031 | OU      | $-23286.34    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Banff Guarantor Inc.                               | Banff Guarantor Inc. Initial Term Loan (Second Lien)                                                                     | CUSIP: 000000000<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |     10000 | PA      | $9400.00      | 0.01%             | 2026-02-27      | Floating      | 10.07%                | No            |                  3 | On Loan: No      |
| United States Treasury                             | United States Treasury Note/Bond                                                                                         | CUSIP: 912828Z78<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    498500 | PA      | $457062.19    | 0.63%             | 2027-01-31      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Parkway Generation, LLC                            | Parkway Generation, LLC Term Loan B                                                                                      | CUSIP: 000000000<br>LEI: 254900ATQHHVKF65MT32 | Long             | LON              | CORP              | US        |    102980 | PA      | $101435.32    | 0.14%             | 2029-02-18      | Floating      | 9.43%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT                                   | Bellemeade Re 2019-4 Ltd                                                                                                 | CUSIP: 07876LAD1<br>LEI: 254900KXN235YISGF415 | Long             | ABS-MBS          | CORP              | BM        |    150000 | PA      | $145243.70    | 0.20%             | 2029-10-25      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                        | Long: IS20MD3   CDS USD R F  3.00000 IS20MD3 CMBX / Short: IS20MD3   CDS USD P V 01MEVENT IS20ME4 CMBX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              |  | GB        |    247416 | OU      | $-60348.96    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| ZIPRECRUITER INC                                   | ZipRecruiter Inc                                                                                                         | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |     63000 | PA      | $55094.13     | 0.08%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | United States Treasury Note/Bond                                                                                         | CUSIP: 91282CFQ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1750000 | PA      | $1750000.00   | 2.40%             | 2024-10-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET FINANCE PLC                            | Avis Budget Finance Plc                                                                                                  | CUSIP: 000000000<br>LEI: 549300W3BJJPGKCIOI13 | Long             | DBT              | CORP              | JE        |    131000 | PA      | $138114.28    | 0.19%             | 2024-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                | COMM 2016-DC2 Mortgage Trust                                                                                             | CUSIP: 12594CBG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2444772 | PA      | $53773.25     | 0.07%             | 2049-02-10      | Variable      | 0.93%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                   | Connecticut Avenue Securities Trust 2019-R02                                                                             | CUSIP: 20753KAB8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       869 | PA      | $869.09       | 0.00%             | 2031-08-25      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| WF-RBS Commercial Mortgage Trust                   | WFRBS Commercial Mortgage Trust 2011-C4                                                                                  | CUSIP: 92936CAW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     60000 | PA      | $54055.47     | 0.07%             | 2044-06-15      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| APX GROUP INC                                      | APX Group Inc                                                                                                            | CUSIP: 00213MAV6<br>LEI: 549300OMQVKPRU98OE64 | Long             | DBT              | CORP              | US        |     53000 | PA      | $51959.08     | 0.07%             | 2027-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Ascend Learning, LLC                               | Ascend Learning, LLC Initial Term Loan (Second Lien)                                                                     | CUSIP: 04349HAM6<br>LEI: 549300T466HKRLVCD610 | Long             | LON              | CORP              | US        |     30000 | PA      | $25939.20     | 0.04%             | 2029-12-10      | Floating      | 10.32%                | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                      | UBS Commercial Mortgage Trust 2017-C2                                                                                    | CUSIP: 90276CAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2032219 | PA      | $74819.81     | 0.10%             | 2050-08-15      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| Orbit Private Holdings I Ltd                       | Orbit Private Holdings I Ltd Initial Dollar Term Loan (First Lien)                                                       | CUSIP: 04225VAD4<br>LEI: 254900X6HLK0YPTHHF09 | Long             | LON              | CORP              | US        |     29700 | PA      | $29650.40     | 0.04%             | 2028-12-11      | Floating      | 9.54%                 | No            |                  2 | On Loan: No      |
| DISCOVER FINANCIAL SVS                             | Discover Financial Services                                                                                              | CUSIP: 254709AS7<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | DBT              | CORP              | US        |     69000 | PA      | $73735.47     | 0.10%             | 2032-11-29      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                       | GS Mortgage Securities Trust 2013-GC13                                                                                   | CUSIP: 36198EBB0<br>LEI: 549300WF5YRKNHB1FX69 | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $43328.12     | 0.06%             | 2046-07-10      | Variable      | 4.08%                 | No            |                  2 | On Loan: No      |
| Loyalty Ventures Inc.                              | Loyalty Ventures Inc. Term B Loan                                                                                        | CUSIP: 54912FAD2<br>LEI: 549300Q3YKVWNY6JIJ44 | Long             | LON              | CORP              | US        |     76740 | PA      | $29736.69     | 0.04%             | 2027-11-03      | Floating      | 11.25%                | No            |                  2 | On Loan: No      |
| LIFEPT/LEGACY LIFEPT                               | RegionalCare Hospital Partners Holdings Inc / LifePoint Health Inc                                                       | CUSIP: 53219LAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      7000 | PA      | $6131.51      | 0.01%             | 2026-12-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                             | Philip Morris International Inc                                                                                          | CUSIP: 718172CW7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     66000 | PA      | $68933.04     | 0.09%             | 2029-11-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                      | Aircastle Ltd                                                                                                            | CUSIP: 00928QAT8<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |     52000 | PA      | $50878.88     | 0.07%             | 2025-08-11      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                              | NGL Energy Operating LLC / NGL Energy Finance Corp                                                                       | CUSIP: 62922LAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     44000 | PA      | $41799.56     | 0.06%             | 2026-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SWEDBANK AB                                        | Swedbank AB                                                                                                              | CUSIP: 000000000<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |    400000 | PA      | $389000.00    | 0.53%             | 2024-09-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AMC Networks Inc                                   | AMC Networks Inc                                                                                                         | CUSIP: 00164VAE3<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    181000 | PA      | $153669.00    | 0.21%             | 2025-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                               | Chart Industries Inc                                                                                                     | CUSIP: 000000000<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25538.00     | 0.04%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                               | WR Grace Holdings LLC                                                                                                    | CUSIP: 92943GAD3<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |     72000 | PA      | $67176.72     | 0.09%             | 2027-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                             | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC                                                    | CUSIP: 013092AD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    154000 | PA      | $153818.28    | 0.21%             | 2023-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

**Name of Applicant:** AB BOND FUND, INC.

**Signature:** Joseph Mantineo

**Name of Signer:** Joseph Mantineo

**Title:** Treasurer and Chief Financial Officer