# EDGAR Filing Document

**Accession Number:** 0000353905
**File Stem:** 0001752724-23-040516
**Filing Date:** 2023-2
**Character Count:** 230350
**Document Hash:** d10371fa1cc05da2b33027ba8d764123
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-040516.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001752724-23-040516

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NATIONWIDE VARIABLE INSURANCE TRUST
- **CENTRAL INDEX KEY:** 0000353905
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03213
- **FILM NUMBER:** 23667715

**BUSINESS ADDRESS:**
- **STREET 1:** ONE NATIONWIDE PLAZA
- **STREET 2:** MAIL CODE 5-02-210
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215
- **BUSINESS PHONE:** 614-435-5749

**MAIL ADDRESS:**
- **STREET 1:** ONE NATIONWIDE PLAZA
- **STREET 2:** MAIL CODE 5-02-210
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GARTMORE VARIABLE INSURANCE TRUST
- **DATE OF NAME CHANGE:** 20020125

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONWIDE SEPARATE ACCOUNT TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONWIDE SEPARATE ACCOUNT MONEY MARKET TRUST
- **DATE OF NAME CHANGE:** 19860226

## Series and Classes Contracts Data

### NVIT DoubleLine Total Return Tactical Fund (Series ID: S000058808)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000192909 | Class I      |  |
| C000192910 | Class II     |  |
| C000192911 | Class Y      |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Nationwide Variable Insurance Trust

- **b. Investment Company Act file number:** 811-03213

- **c. CIK number of Registrant:** 0000353905

- **d. LEI of Registrant:** 549300WLMVM3JP578846

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

  - **Street Address 1:** One Nationwide Plaza Location:N0900

  - **City:** Columbus

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 43215

  - **Telephone number:** 614-435-3820

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

- **a. Name of Series:** NVIT DoubleLine Total Return Tactical Fund

- **b. EDGAR series identifier (if any):** S000058808

- **c. LEI of Series:** 549300CN9NOZ0GD19B89

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $178404527.52

**Total Liabilities:** $158052.92

**Net Assets:** $178246474.60

**Cash Not Reported:** $7227203.25

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.59023600 | **1-Year:** 1191.05648600 | **5-Year:** 11471.21016800 | **10-Year:** 26260.66496100 | **30-Year:** 4376.23467200

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

- **3-Month:** 62.64958900 | **1-Year:** 652.26662000 | **5-Year:** 2863.59790600 | **10-Year:** 4879.48394200 | **30-Year:** 1012.22605100

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000192911 | -1.75%               | 2.85%                | -0.48%               |
| Class ID C000192910 | -1.88%               | 2.87%                | -0.54%               |
| Class ID C000192909 | -1.83%               | 2.91%                | -0.47%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-459624.86              | $-3263219.49                               |
| Month 2  | $-1056454.23             | $5500057.11                                |
| Month 3  | $-543276.71              | $-974218.22                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| United States of America                                               | U.S. Treasury Bonds                                                                             | CUSIP: 912810TJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8800000 | PA      | $7250375.00   | 4.07%             | 2052-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Sonic Automotive, Inc.                                                 | Sonic Automotive, Inc.                                                                          | CUSIP: 83545GBD3<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |     90000 | PA      | $72063.71     | 0.04%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Owens & Minor, Inc.                                                    | Owens & Minor, Inc.                                                                             | CUSIP: 690732AG7<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |     70000 | PA      | $60158.00     | 0.03%             | 2030-04-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.                                  | Clydesdale Acquisition Holdings, Inc.                                                           | CUSIP: 18972EAA3<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |     65000 | PA      | $61798.78     | 0.03%             | 2029-04-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Viking Cruises Ltd.                                                    | Viking Cruises Ltd.                                                                             | CUSIP: 92676XAD9<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    105000 | PA      | $85592.27     | 0.05%             | 2027-09-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| GoodLeap Sustainable Home Solutions Trust                              | GoodLeap Sustainable Home Solutions Trust, Series 2021-5CS, Class C                             | CUSIP: 38237HAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    452426 | PA      | $311674.85    | 0.17%             | 2048-10-20      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| GPMT Ltd.                                                              | GPMT Ltd., Series 2021-FL3, Class A                                                             | CUSIP: 36264BAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |    131882 | PA      | $129212.50    | 0.07%             | 2035-07-16      | Floating      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| CVR Partners LP                                                        | CVR Partners LP                                                                                 | CUSIP: 12663QAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $40370.09     | 0.02%             | 2028-06-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                             | Occidental Petroleum Corp.                                                                      | CUSIP: 674599EF8<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40367.59     | 0.02%             | 2031-01-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                   | GNMA, Series 2021-30, Class KI                                                                  | CUSIP: 38382NYE1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2959241 | PA      | $442394.46    | 0.25%             | 2051-02-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                           | GS Mortgage Securities Trust, Series 2018-GS9, Class C                                          | CUSIP: 36255NAZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    175000 | PA      | $143958.10    | 0.08%             | 2051-03-10      | Variable      | 4.36%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                                            | Allied Universal Holdco LLC                                                                     | CUSIP: 019576AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $60900.00     | 0.03%             | 2027-07-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Nexstar Media, Inc.                                                    | Nexstar Media, Inc.                                                                             | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |     25000 | PA      | $22933.94     | 0.01%             | 2027-07-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                           | GS Mortgage Securities Trust, Series 2017-GS8, Class XA                                         | CUSIP: 36254KAP7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4894500 | PA      | $166393.42    | 0.09%             | 2050-11-10      | Variable      | 0.95%                 | No            |                  2 | On Loan: No      |
| Georgia-Pacific LLC                                                    | Georgia-Pacific LLC                                                                             | CUSIP: 37331NAH4<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |    141000 | PA      | $136513.39    | 0.08%             | 2025-03-01      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: No      |
| Kronos Acquisition Holdings, Inc.                                      | Kronos Acquisition Holdings, Inc.                                                               | CUSIP: 50106GAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $20562.50     | 0.01%             | 2027-12-31      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Raytheon Technologies Corp.                                            | Raytheon Technologies Corp.                                                                     | CUSIP: 75513ECP4<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    100000 | PA      | $67794.88     | 0.04%             | 2052-03-15      | Fixed         | 3.03%                 | No            |                  2 | On Loan: No      |
| Constellation Brands, Inc.                                             | Constellation Brands, Inc.                                                                      | CUSIP: 21036PBE7<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |     60000 | PA      | $52581.36     | 0.03%             | 2029-08-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| United States of America                                               | U.S. Treasury Bonds                                                                             | CUSIP: 912810TL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12300000 | PA      | $12317296.88  | 6.91%             | 2052-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Performance Food Group, Inc.                                           | Performance Food Group, Inc.                                                                    | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |     40000 | PA      | $34664.80     | 0.02%             | 2029-08-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Dollar General Corp.                                                   | Dollar General Corp.                                                                            | CUSIP: 256677AG0<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |    155000 | PA      | $139445.04    | 0.08%             | 2030-04-03      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Royalty Pharma plc                                                     | Royalty Pharma plc                                                                              | CUSIP: 78081BAL7<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    205000 | PA      | $142275.83    | 0.08%             | 2040-09-02      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                                           | Avolon Holdings Funding Ltd.                                                                    | CUSIP: 05401AAJ0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |     50000 | PA      | $42789.24     | 0.02%             | 2027-02-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| SG Commercial Mortgage Securities Trust                                | SG Commercial Mortgage Securities Trust, Series 2016-C5, Class XA                               | CUSIP: 78419CAG9<br>LEI: 549300SZQW4U3UN4A157 | Long             | ABS-MBS          | CORP              | US        |   2752897 | PA      | $122847.76    | 0.07%             | 2048-10-10      | Variable      | 1.88%                 | No            |                  2 | On Loan: No      |
| Invitation Homes Operating Partnership LP                              | Invitation Homes Operating Partnership LP                                                       | CUSIP: 46188BAC6<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |    190000 | PA      | $138518.38    | 0.08%             | 2034-01-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Omnicom Group, Inc.                                                    | Omnicom Group, Inc.                                                                             | CUSIP: 681919BB1<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | DBT              | CORP              | US        |    165000 | PA      | $136656.66    | 0.08%             | 2030-04-30      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Equate Petrochemical BV                                                | Equate Petrochemical BV                                                                         | CUSIP: N/A<br>LEI: 635400Y3Z5R4NJSMQ630       | Long             | DBT              | CORP              | NL        |    200000 | PA      | $174000.00    | 0.10%             | 2028-04-28      | Fixed         | 2.62%                 | Yes           |                  2 | On Loan: No      |
| AEP Texas, Inc.                                                        | AEP Texas, Inc., Series H                                                                       | CUSIP: 00108WAK6<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |    145000 | PA      | $102435.88    | 0.06%             | 2050-01-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| VTR Comunicaciones SpA                                                 | VTR Comunicaciones SpA                                                                          | CUSIP: N/A<br>LEI: 213800XDZJKMC1AEUV94       | Long             | DBT              | CORP              | CL        |    200000 | PA      | $124210.43    | 0.07%             | 2028-01-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| EQM Midstream Partners LP                                              | EQM Midstream Partners LP                                                                       | CUSIP: 26885BAL4<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |     85000 | PA      | $69487.50     | 0.04%             | 2031-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Securities Trust                   | JP Morgan Chase Commercial Mortgage Securities Trust, Series 2018-WPT, Class FFX                | CUSIP: 46645WBJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    113000 | PA      | $96355.61     | 0.05%             | 2033-07-05      | Variable      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                   | FNMA                                                                                            | CUSIP: 3140LD3Y3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5900000 | PA      | $4627786.89   | 2.60%             | 2033-10-01      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| Navient Corp.                                                          | Navient Corp.                                                                                   | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     30000 | PA      | $26262.39     | 0.01%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                   | UMBS                                                                                            | CUSIP: 3140FMWP7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1328527 | PA      | $1185831.60   | 0.67%             | 2046-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                   | UMBS                                                                                            | CUSIP: 31418D4A7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1289584 | PA      | $1173913.05   | 0.66%             | 2051-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                     | Energy Transfer LP                                                                              | CUSIP: 292480AJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     90000 | PA      | $73365.79     | 0.04%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triton Container International Ltd.                                    | Triton Container International Ltd.                                                             | CUSIP: 89681LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    180000 | PA      | $138969.00    | 0.08%             | 2032-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GCI LLC                                                                | GCI LLC                                                                                         | CUSIP: 36166TAB6<br>LEI: 549300N3IE9H88Q20221 | Long             | DBT              | CORP              | US        |     50000 | PA      | $42004.02     | 0.02%             | 2028-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Iron Mountain, Inc.                                                    | Iron Mountain, Inc.                                                                             | CUSIP: 46284VAN1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     30000 | PA      | $24658.20     | 0.01%             | 2031-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                                  | NextEra Energy Capital Holdings, Inc.                                                           | CUSIP: 65339KBL3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59185.65     | 0.03%             | 2024-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CHL Mortgage Pass-Through Trust                                        | CHL Mortgage Pass-Through Trust, Series 2006-20, Class 1A36                                     | CUSIP: 12544ABM6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1151889 | PA      | $579849.78    | 0.33%             | 2037-02-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                               | BX Trust, Series 2019-OC11, Class D                                                             | CUSIP: 05606FAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $79691.54     | 0.04%             | 2041-12-09      | Variable      | 3.94%                 | Yes           |                  2 | On Loan: No      |
| Credit-Based Asset Servicing and Securitization LLC                    | Credit-Based Asset Servicing and Securitization LLC, Series 2006-CB4, Class AV3                 | CUSIP: 12498QAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2287904 | PA      | $1488450.50   | 0.84%             | 2036-05-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| Lions Gate Capital Holdings LLC                                        | Lions Gate Capital Holdings LLC                                                                 | CUSIP: 53627NAE1<br>LEI: 549300MWJHNLR35C0837 | Long             | DBT              | CORP              | US        |     50000 | PA      | $28989.85     | 0.02%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Blackbird Capital Aircraft                                             | Blackbird Capital Aircraft, Series 2021-1A, Class B                                             | CUSIP: 09229CAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    703937 | PA      | $530142.83    | 0.30%             | 2046-07-15      | Fixed         | 3.45%                 | Yes           |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                                        | CSAIL Commercial Mortgage Trust, Series 2017-CX10, Class XA                                     | CUSIP: 12595JAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6030995 | PA      | $158723.73    | 0.09%             | 2050-11-15      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| Parkland Corp.                                                         | Parkland Corp.                                                                                  | CUSIP: 70137WAG3<br>LEI: 549300XHQS1JYWBNK868 | Long             | DBT              | CORP              | CA        |     55000 | PA      | $45829.65     | 0.03%             | 2029-10-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| 1375209 BC Ltd.                                                        | 1375209 BC Ltd.                                                                                 | CUSIP: 68251PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      5000 | PA      | $4868.75      | 0.00%             | 2028-01-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                  | Wells Fargo Commercial Mortgage Trust, Series 2015-C28, Class XA                                | CUSIP: 94989JBC9<br>LEI: 549300S7ENI2U7O0XH56 | Long             | ABS-MBS          | CORP              | US        |   8299171 | PA      | $87498.16     | 0.05%             | 2048-05-15      | Variable      | 0.58%                 | No            |                  2 | On Loan: No      |
| RALI Trust                                                             | RALI Trust, Series 2006-QS17, Class A7                                                          | CUSIP: 74922SAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    993718 | PA      | $780718.58    | 0.44%             | 2036-12-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Braskem Idesa SAPI                                                     | Braskem Idesa SAPI                                                                              | CUSIP: N/A<br>LEI: YH0V7ZHY352ITDGEYB83       | Long             | DBT              | CORP              | MX        |    200000 | PA      | $142763.69    | 0.08%             | 2032-02-20      | Fixed         | 6.99%                 | Yes           |                  2 | On Loan: No      |
| AT&T, Inc.                                                             | AT&T, Inc.                                                                                      | CUSIP: 00206RJY9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     45000 | PA      | $37292.13     | 0.02%             | 2031-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Exelon Corp.                                                           | Exelon Corp.                                                                                    | CUSIP: 30161NBF7<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |     20000 | PA      | $15981.28     | 0.01%             | 2052-03-15      | Fixed         | 4.10%                 | Yes           |                  2 | On Loan: No      |
| Alternative Loan Trust                                                 | Alternative Loan Trust, Series 2006-OA7, Class 1A2                                              | CUSIP: 02146BAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1480726 | PA      | $1208845.14   | 0.68%             | 2046-06-25      | Floating      | 2.99%                 | No            |                  2 | On Loan: No      |
| CSX Corp.                                                              | CSX Corp.                                                                                       | CUSIP: 126408HR7<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    185000 | PA      | $133100.38    | 0.07%             | 2049-09-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Acquisition Trust                                   | JP Morgan Mortgage Acquisition Trust, Series 2006-RM1, Class A5                                 | CUSIP: 46629NAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1626385 | PA      | $733330.50    | 0.41%             | 2036-08-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                                    | Exeter Automobile Receivables Trust, Series 2021-1A, Class D                                    | CUSIP: 30166RAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $233723.05    | 0.13%             | 2026-11-16      | Fixed         | 1.08%                 | No            |                  2 | On Loan: No      |
| McGraw-Hill Education, Inc.                                            | McGraw-Hill Education, Inc.                                                                     | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |     45000 | PA      | $37816.65     | 0.02%             | 2028-08-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| OneMain Finance Corp.                                                  | OneMain Finance Corp.                                                                           | CUSIP: 85172FAQ2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     70000 | PA      | $64458.10     | 0.04%             | 2028-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Boyne USA, Inc.                                                        | Boyne USA, Inc.                                                                                 | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $110630.54    | 0.06%             | 2029-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| News Corp.                                                             | News Corp.                                                                                      | CUSIP: 65249BAB5<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |     30000 | PA      | $27300.00     | 0.02%             | 2032-02-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                                                       | CCO Holdings LLC                                                                                | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $43120.75     | 0.02%             | 2030-03-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Bausch Health Cos., Inc.                                               | Bausch Health Cos., Inc.                                                                        | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |      9000 | PA      | $7018.60      | 0.00%             | 2028-09-30      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| American Express Co.                                                   | American Express Co.                                                                            | CUSIP: 025816CY3<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    130000 | PA      | $127352.95    | 0.07%             | 2025-08-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| NetApp, Inc.                                                           | NetApp, Inc.                                                                                    | CUSIP: 64110DAL8<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | DBT              | CORP              | US        |    105000 | PA      | $96439.30     | 0.05%             | 2025-06-22      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                                           | BX Commercial Mortgage Trust, Series 2021-VOLT, Class E                                         | CUSIP: 05609VAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    134000 | PA      | $124615.77    | 0.07%             | 2036-09-15      | Floating      | 6.32%                 | Yes           |                  2 | On Loan: No      |
| Soho Trust                                                             | Soho Trust, Series 2021-SOHO, Class B                                                           | CUSIP: 83410JAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    202000 | PA      | $147584.57    | 0.08%             | 2038-08-10      | Variable      | 2.70%                 | Yes           |                  2 | On Loan: No      |
| SoFi Professional Loan Program Trust                                   | SoFi Professional Loan Program Trust, Series 2018-B, Class BFX                                  | CUSIP: 83404RAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $448577.95    | 0.25%             | 2047-08-25      | Fixed         | 3.83%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                                              | Sunoco LP                                                                                       | CUSIP: 86765LAQ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $34464.45     | 0.02%             | 2027-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Franklin Park Place CLO I LLC                                          | Franklin Park Place CLO I LLC, Series 2022-1A, Class A                                          | CUSIP: 35455DAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $478054.50    | 0.27%             | 2035-04-14      | Floating      | 5.23%                 | Yes           |                  2 | On Loan: No      |
| Rutas 2 and 7 Finance Ltd.                                             | Rutas 2 and 7 Finance Ltd.                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |    186667 | PA      | $117292.87    | 0.07%             | 2036-09-30      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Live Nation Entertainment, Inc.                                        | Live Nation Entertainment, Inc.                                                                 | CUSIP: 538034AR0<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |     75000 | PA      | $66774.38     | 0.04%             | 2027-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Sysco Corp.                                                            | Sysco Corp.                                                                                     | CUSIP: 871829BF3<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |     80000 | PA      | $73941.76     | 0.04%             | 2027-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Home Partners of America Trust                                         | Home Partners of America Trust, Series 2021-1, Class F                                          | CUSIP: 437300AL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    615011 | PA      | $472998.86    | 0.27%             | 2041-09-17      | Fixed         | 3.33%                 | Yes           |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Investors Trust                                 | Merrill Lynch Mortgage Investors Trust, Series 2006-HE3, Class A4                               | CUSIP: 590212AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2138121 | PA      | $576944.89    | 0.32%             | 2037-06-25      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| Quanta Services, Inc.                                                  | Quanta Services, Inc.                                                                           | CUSIP: 74762EAH5<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |    190000 | PA      | $144272.66    | 0.08%             | 2032-01-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| United States of America                                               | U.S. Treasury Notes                                                                             | CUSIP: 91282CFM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    440000 | PA      | $441650.00    | 0.25%             | 2027-09-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer LLC                                                   | FS Rialto Issuer LLC, Series 2022-FL4, Class AS                                                 | CUSIP: 30326MAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    200000 | PA      | $191891.06    | 0.11%             | 2039-01-19      | Floating      | 6.21%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                   | UMBS                                                                                            | CUSIP: 3140XBAD2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2643408 | PA      | $2158801.79   | 1.21%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Toorak Mortgage Corp. Ltd.                                             | Toorak Mortgage Corp. Ltd., Series 2020-1, Class A2                                             | CUSIP: 89052WAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1100000 | PA      | $1043008.89   | 0.59%             | 2023-03-25      | Variable      | 3.23%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                   | GNMA, Series 2022-174, Class AZ                                                                 | CUSIP: 38383UV49<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4304953 | PA      | $3545915.99   | 1.99%             | 2051-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                  | Bank of America Corp.                                                                           | CUSIP: 06051GLA5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39532.59     | 0.02%             | 2026-07-22      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| United States of America                                               | U.S. Treasury Notes                                                                             | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6800000 | PA      | $6939187.50   | 3.89%             | 2032-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                           | GS Mortgage Securities Trust, Series 2016-GS4, Class XA                                         | CUSIP: 36251XAT4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5455004 | PA      | $95466.38     | 0.05%             | 2049-11-10      | Variable      | 0.57%                 | No            |                  2 | On Loan: No      |
| FMC GMSR Issuer Trust                                                  | FMC GMSR Issuer Trust, Series 2020-GT1, Class A                                                 | CUSIP: 30259RAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $873545.80    | 0.49%             | 2026-01-25      | Variable      | 4.45%                 | Yes           |                  2 | On Loan: No      |
| Dollar Tree, Inc.                                                      | Dollar Tree, Inc.                                                                               | CUSIP: 256746AG3<br>LEI: 549300PMSTQITB1WHR43 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122033.43    | 0.07%             | 2025-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                                   | BBCMS Mortgage Trust, Series 2021-C12, Class XA                                                 | CUSIP: 05552XBJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2720572 | PA      | $152224.18    | 0.09%             | 2054-11-15      | Variable      | 0.96%                 | No            |                  2 | On Loan: No      |
| Vornado Realty LP                                                      | Vornado Realty LP                                                                               | CUSIP: 929043AK3<br>LEI: 549300BMOJ05INE4YK86 | Long             | DBT              | CORP              | US        |     60000 | PA      | $50699.49     | 0.03%             | 2026-06-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                   | FNMA, Series 2021-61, Class KZ                                                                  | CUSIP: 3136BGVC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3095130 | PA      | $1838684.65   | 1.03%             | 2051-09-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CSMC Trust                                                             | CSMC Trust, Series 2017-CALI, Class F                                                           | CUSIP: 12652FAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $163192.25    | 0.09%             | 2032-11-10      | Variable      | 3.78%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                               | U.S. Treasury Notes                                                                             | CUSIP: 91282CFH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    630000 | PA      | $605932.03    | 0.34%             | 2027-08-31      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| WASH Multifamily Acquisition, Inc.                                     | WASH Multifamily Acquisition, Inc.                                                              | CUSIP: 93710WAA3<br>LEI: 549300AS7PRY5PHG6L12 | Long             | DBT              | CORP              | US        |     55000 | PA      | $51837.50     | 0.03%             | 2026-04-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                         | Morgan Stanley                                                                                  | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    375000 | PA      | $271924.22    | 0.15%             | 2036-09-16      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                             | Occidental Petroleum Corp.                                                                      | CUSIP: 674599ED3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25834.50     | 0.01%             | 2030-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust                                                       | Great Wolf Trust, Series 2019-WOLF, Class E                                                     | CUSIP: 39152TAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $94590.80     | 0.05%             | 2036-12-15      | Floating      | 7.05%                 | Yes           |                  2 | On Loan: No      |
| Berry Global, Inc.                                                     | Berry Global, Inc.                                                                              | CUSIP: 08576PAG6<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    130000 | PA      | $123163.28    | 0.07%             | 2024-02-15      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                             | Verus Securitization Trust, Series 2021-6, Class B1                                             | CUSIP: 92538MAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $364279.86    | 0.20%             | 2066-10-25      | Variable      | 4.05%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                   | UMBS                                                                                            | CUSIP: 3140X8MP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2993226 | PA      | $2549463.61   | 1.43%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp.                                                      | Exxon Mobil Corp.                                                                               | CUSIP: 30231GBH4<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |     85000 | PA      | $81872.48     | 0.05%             | 2025-03-19      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                                        | CSAIL Commercial Mortgage Trust, Series 2017-CX10, Class C                                      | CUSIP: 12595JAW4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    247000 | PA      | $206965.03    | 0.12%             | 2050-11-15      | Variable      | 4.18%                 | No            |                  2 | On Loan: No      |
| Calpine Corp.                                                          | Calpine Corp.                                                                                   | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |     45000 | PA      | $40153.18     | 0.02%             | 2028-03-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Mattamy Group Corp.                                                    | Mattamy Group Corp.                                                                             | CUSIP: 57701RAM4<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |     60000 | PA      | $48627.86     | 0.03%             | 2030-03-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| ASP Unifrax Holdings, Inc.                                             | ASP Unifrax Holdings, Inc.                                                                      | CUSIP: 90473LAA0<br>LEI: 549300RRU6BWJLD0YT71 | Long             | DBT              | CORP              | US        |     70000 | PA      | $56326.67     | 0.03%             | 2028-09-30      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Commercial Mortgage Trust                                              | Commercial Mortgage Trust, Series 2017-PANW, Class D                                            | CUSIP: 12595HAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    152000 | PA      | $138850.46    | 0.08%             | 2029-10-10      | Variable      | 3.93%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                   | FNMA, Series 2020-77, Class S                                                                   | CUSIP: 3136BCVA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5987922 | PA      | $257111.21    | 0.14%             | 2050-11-25      | Floating      | 0.22%                 | No            |                  2 | On Loan: No      |
| Sasol Financing USA LLC                                                | Sasol Financing USA LLC                                                                         | CUSIP: 80386WAD7<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    200000 | PA      | $162829.00    | 0.09%             | 2031-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Banco Nacional de Comercio Exterior SNC                                | Banco Nacional de Comercio Exterior SNC                                                         | CUSIP: N/A<br>LEI: 4469000001BL6VG3DH44       | Long             | DBT              | CORP              | MX        |    200000 | PA      | $166836.14    | 0.09%             | 2031-08-11      | Variable      | 2.72%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                   | GNMA, Series 2020-79, Class IN                                                                  | CUSIP: 38382FZK3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   7579492 | PA      | $988430.95    | 0.55%             | 2050-06-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                              | Sunoco LP                                                                                       | CUSIP: 86765LAT4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $17494.00     | 0.01%             | 2029-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PepsiCo, Inc.                                                          | PepsiCo, Inc.                                                                                   | CUSIP: 713448FL7<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43084.09     | 0.02%             | 2028-02-18      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Banco Davivienda SA                                                    | Banco Davivienda SA                                                                             | CUSIP: 059501AD8<br>LEI: 549300P161V4IPKAQS70 | Long             | DBT              | CORP              | CO        |    200000 | PA      | $153500.00    | 0.09%             | 2031-04-22      | Variable      | 6.65%                 | Yes           |                  2 | On Loan: No      |
| Macquarie Group Ltd.                                                   | Macquarie Group Ltd.                                                                            | CUSIP: 55608JAZ1<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |    205000 | PA      | $157272.45    | 0.09%             | 2033-01-14      | Variable      | 2.87%                 | Yes           |                  2 | On Loan: No      |
| Seasoned Credit Risk Transfer Trust                                    | Seasoned Credit Risk Transfer Trust, Series 2019-4, Class MV                                    | CUSIP: 35563PMN6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1890990 | PA      | $1648135.54   | 0.92%             | 2059-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                   | GNMA, Series 2020-151, Class MI                                                                 | CUSIP: 38382J3Q7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3245108 | PA      | $430981.23    | 0.24%             | 2050-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Med Trust                                                              | Med Trust, Series 2021-MDLN, Class G                                                            | CUSIP: 58403YBA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    201000 | PA      | $181413.31    | 0.10%             | 2038-11-15      | Floating      | 9.57%                 | Yes           |                  2 | On Loan: No      |
| Williams Cos., Inc. (The)                                              | Williams Cos., Inc. (The)                                                                       | CUSIP: 96949LAD7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     60000 | PA      | $56475.15     | 0.03%             | 2027-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                         | Morgan Stanley Capital I Trust, Series 2017-ASHF, Class D                                       | CUSIP: 61691KAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    111000 | PA      | $102300.80    | 0.06%             | 2034-11-15      | Floating      | 6.64%                 | Yes           |                  2 | On Loan: No      |
| CAP SA                                                                 | CAP SA                                                                                          | CUSIP: N/A<br>LEI: 54930079GPG23NTBB003       | Long             | DBT              | CORP              | CL        |    200000 | PA      | $156041.41    | 0.09%             | 2031-04-27      | Fixed         | 3.90%                 | Yes           |                  2 | On Loan: No      |
| Kronos Acquisition Holdings, Inc.                                      | Kronos Acquisition Holdings, Inc.                                                               | CUSIP: 50106GAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $21625.00     | 0.01%             | 2026-12-31      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.                                  | Alexandria Real Estate Equities, Inc.                                                           | CUSIP: 015271AV1<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |    245000 | PA      | $182169.77    | 0.10%             | 2033-02-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                   | FNMA, Series 2014-11, Class KZ                                                                  | CUSIP: 3136AJHE9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2189055 | PA      | $1926274.64   | 1.08%             | 2041-10-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                                           | Avolon Holdings Funding Ltd.                                                                    | CUSIP: 05401AAM3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    110000 | PA      | $94674.33     | 0.05%             | 2026-02-21      | Fixed         | 2.12%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                   | GNMA, Series 2022-49                                                                            | CUSIP: 38381EQ92<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6704645 | PA      | $416304.14    | 0.23%             | 2064-03-16      | Variable      | 0.76%                 | No            |                  2 | On Loan: No      |
| Halliburton Co.                                                        | Halliburton Co.                                                                                 | CUSIP: 406216BL4<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | DBT              | CORP              | US        |     70000 | PA      | $60012.34     | 0.03%             | 2030-03-01      | Fixed         | 2.92%                 | No            |                  2 | On Loan: No      |
| Hunt Oil Co. of Peru LLC Sucursal Del Peru                             | Hunt Oil Co. of Peru LLC Sucursal Del Peru                                                      | CUSIP: N/A<br>LEI: 549300SVO0550J3IKN50       | Long             | DBT              | CORP              | PE        |    174800 | PA      | $166202.79    | 0.09%             | 2028-06-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Bioceanico Sovereign Certificate Ltd.                                  | Bioceanico Sovereign Certificate Ltd.                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |    136993 | PA      | $94045.52     | 0.05%             | 2034-06-05      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Scientific Games Holdings LP                                           | Scientific Games Holdings LP                                                                    | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $71799.50     | 0.04%             | 2030-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Upstart Pass-Through Trust                                             | Upstart Pass-Through Trust, Series 2021-ST4, Class A                                            | CUSIP: 91534HAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    167885 | PA      | $155244.06    | 0.09%             | 2027-07-20      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                    | Citigroup Commercial Mortgage Trust, Series 2016-GC36, Class D                                  | CUSIP: 17324TAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    139000 | PA      | $74914.91     | 0.04%             | 2049-02-10      | Fixed         | 2.85%                 | Yes           |                  2 | On Loan: No      |
| Athene Holding Ltd.                                                    | Athene Holding Ltd.                                                                             | CUSIP: 04686JAD3<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | BM        |    190000 | PA      | $128203.63    | 0.07%             | 2051-05-25      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Community Health Systems, Inc.                                         | Community Health Systems, Inc.                                                                  | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     30000 | PA      | $15418.89     | 0.01%             | 2029-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Energy Transfer LP                                                     | Energy Transfer LP                                                                              | CUSIP: 29273RBG3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     85000 | PA      | $82791.55     | 0.05%             | 2026-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Pioneer Natural Resources Co.                                          | Pioneer Natural Resources Co.                                                                   | CUSIP: 723787AT4<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |    100000 | PA      | $89130.69     | 0.05%             | 2026-01-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                                           | Pacific Gas and Electric Co.                                                                    | CUSIP: 694308JG3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     95000 | PA      | $73709.21     | 0.04%             | 2031-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Capital Four US CLO I Ltd.                                             | Capital Four US CLO I Ltd., Series 2021-1A, Class A                                             | CUSIP: 14016TAA7<br>LEI: 549300NMXY8VXHO96C52 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $483154.50    | 0.27%             | 2035-01-18      | Floating      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| ACRE Commercial Mortgage Ltd.                                          | ACRE Commercial Mortgage Ltd., Series 2021-FL4, Class A                                         | CUSIP: 00489TAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |     86618 | PA      | $85761.65     | 0.05%             | 2037-12-18      | Floating      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| SK Invictus Intermediate II Sarl                                       | SK Invictus Intermediate II Sarl                                                                | CUSIP: 29977LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     90000 | PA      | $73800.00     | 0.04%             | 2029-10-30      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Symphony CLO XV Ltd.                                                   | Symphony CLO XV Ltd., Series 2014-15A, Class AR3                                                | CUSIP: 87154EBE9<br>LEI: 549300JNP1PJXORD0Y06 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $490491.50    | 0.28%             | 2032-01-17      | Floating      | 5.16%                 | Yes           |                  2 | On Loan: No      |
| Citigroup, Inc.                                                        | Citigroup, Inc.                                                                                 | CUSIP: 172967LP4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    300000 | PA      | $275516.81    | 0.15%             | 2028-07-24      | Variable      | 3.67%                 | No            |                  2 | On Loan: No      |
| Global Aircraft Leasing Co. Ltd.                                       | Global Aircraft Leasing Co. Ltd.                                                                | CUSIP: 37960JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     61199 | PA      | $52019.15     | 0.03%             | 2024-09-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Securities Trust                             | JPMDB Commercial Mortgage Securities Trust, Series 2020-COR7, Class B                           | CUSIP: 46652JBB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    158000 | PA      | $120317.98    | 0.07%             | 2053-05-13      | Variable      | 3.29%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                  | FHLMC                                                                                           | CUSIP: 3132XTTT5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    626942 | PA      | $582142.85    | 0.33%             | 2047-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Antero Midstream Partners LP                                           | Antero Midstream Partners LP                                                                    | CUSIP: 03690AAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     24000 | PA      | $22688.57     | 0.01%             | 2027-03-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Legacy LifePoint Health LLC                                            | Legacy LifePoint Health LLC                                                                     | CUSIP: 53219LAS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $33832.80     | 0.02%             | 2027-02-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                               | U.S. Treasury Notes                                                                             | CUSIP: 91282CFU0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    480000 | PA      | $481762.50    | 0.27%             | 2027-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                          | UBS Commercial Mortgage Trust, Series 2017-C3, Class B                                          | CUSIP: 90276GAX0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    194000 | PA      | $162087.23    | 0.09%             | 2050-08-15      | Variable      | 4.09%                 | No            |                  2 | On Loan: No      |
| Victoria's Secret & Co.                                                | Victoria's Secret & Co.                                                                         | CUSIP: 926400AA0<br>LEI: 5493006T3O70U3UWVF17 | Long             | DBT              | CORP              | US        |     55000 | PA      | $43180.50     | 0.02%             | 2029-07-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| BXMT Ltd.                                                              | BXMT Ltd., Series 2021-FL4, Class A                                                             | CUSIP: 05609GAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |    125000 | PA      | $123528.94    | 0.07%             | 2038-05-15      | Floating      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                    | Citigroup Commercial Mortgage Trust, Series 2014-GC19, Class XA                                 | CUSIP: 17322AAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3244246 | PA      | $26367.93     | 0.01%             | 2047-03-11      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| Expedia Group, Inc.                                                    | Expedia Group, Inc.                                                                             | CUSIP: 30212PAP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $169829.64    | 0.10%             | 2028-02-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                                           | Marriott International, Inc., Series HH                                                         | CUSIP: 571903BG7<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    175000 | PA      | $141711.97    | 0.08%             | 2031-04-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Federative Republic of Brazil                                          | Federative Republic of Brazil                                                                   | CUSIP: 105756BY5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    200000 | PA      | $158239.65    | 0.09%             | 2047-02-21      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Advanced Drainage Systems, Inc.                                        | Advanced Drainage Systems, Inc.                                                                 | CUSIP: 00790RAB0<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24291.50     | 0.01%             | 2030-06-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| IndyMac IMSC Mortgage Loan Trust                                       | IndyMac IMSC Mortgage Loan Trust, Series 2007-HOA1, Class A11                                   | CUSIP: 45670LAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700941 | PA      | $479434.76    | 0.27%             | 2047-07-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Bank Hapoalim BM                                                       | Bank Hapoalim BM                                                                                | CUSIP: N/A<br>LEI: B6ARUI4946ST4S7WOU88       | Long             | DBT              | CORP              | IL        |    200000 | PA      | $172096.00    | 0.10%             | 2032-01-21      | Variable      | 3.26%                 | Yes           |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Securities Trust                             | JPMDB Commercial Mortgage Securities Trust, Series 2020-COR7, Class XA                          | CUSIP: 46652JAY8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1350872 | PA      | $101454.79    | 0.06%             | 2053-05-13      | Variable      | 1.65%                 | No            |                  2 | On Loan: No      |
| Primo Water Holdings, Inc.                                             | Primo Water Holdings, Inc.                                                                      | CUSIP: 74168LAA4<br>LEI: 9845008F9A5F2E1D4832 | Long             | DBT              | CORP              | US        |     45000 | PA      | $38861.62     | 0.02%             | 2029-04-30      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Duke Energy Carolinas LLC                                              | Duke Energy Carolinas LLC                                                                       | CUSIP: 26442CBH6<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |     40000 | PA      | $29872.86     | 0.02%             | 2052-03-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Alternative Loan Trust                                                 | Alternative Loan Trust, Series 2006-13T1, Class A1                                              | CUSIP: 12668BZB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1897012 | PA      | $955155.28    | 0.54%             | 2036-05-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                   | UMBS                                                                                            | CUSIP: 31418CF66<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1085824 | PA      | $936142.00    | 0.53%             | 2047-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Minejesa Capital BV                                                    | Minejesa Capital BV                                                                             | CUSIP: N/A<br>LEI: 549300KS7ERCP10BKC35       | Long             | DBT              | CORP              | NL        |    200000 | PA      | $155701.11    | 0.09%             | 2037-08-10      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Verus Securitization Trust                                             | Verus Securitization Trust, Series 2022-4, Class A2                                             | CUSIP: 92538NAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    878511 | PA      | $820616.65    | 0.46%             | 2067-04-25      | Variable      | 4.74%                 | Yes           |                  2 | On Loan: No      |
| SWF Escrow Issuer Corp.                                                | SWF Escrow Issuer Corp.                                                                         | CUSIP: 78500AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $17383.50     | 0.01%             | 2029-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                               | U.S. Treasury Notes                                                                             | CUSIP: 91282CFK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    540000 | PA      | $529200.00    | 0.30%             | 2025-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Weatherford International Ltd.                                         | Weatherford International Ltd.                                                                  | CUSIP: 947075AT4<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |     45000 | PA      | $44113.50     | 0.02%             | 2028-09-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                            | Caesars Entertainment, Inc.                                                                     | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     45000 | PA      | $36621.45     | 0.02%             | 2029-10-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Ocean Trails CLO X                                                     | Ocean Trails CLO X, Series 2020-10A, Class AR                                                   | CUSIP: 67516CAN9<br>LEI: 635400RMMLHBGDGXBC03 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $483702.00    | 0.27%             | 2034-10-15      | Floating      | 5.30%                 | Yes           |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                                        | CSAIL Commercial Mortgage Trust, Series 2016-C6, Class XA                                       | CUSIP: 12636MAG3<br>LEI: 549300C2HE5FJAWYZL57 | Long             | ABS-MBS          | CORP              | US        |    609280 | PA      | $28586.92     | 0.02%             | 2049-01-15      | Variable      | 1.86%                 | No            |                  2 | On Loan: No      |
| WR Grace Holdings LLC                                                  | WR Grace Holdings LLC                                                                           | CUSIP: 92943GAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $40363.50     | 0.02%             | 2029-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Builders FirstSource, Inc.                                             | Builders FirstSource, Inc.                                                                      | CUSIP: 12008RAR8<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46962.31     | 0.03%             | 2032-06-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                                                       | CCO Holdings LLC                                                                                | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $36481.50     | 0.02%             | 2032-02-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| MPLX LP                                                                | MPLX LP                                                                                         | CUSIP: 55336VBR0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     75000 | PA      | $66852.76     | 0.04%             | 2026-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Massachusetts Mutual Life Insurance Co.                                | Massachusetts Mutual Life Insurance Co.                                                         | CUSIP: 575767AQ1<br>LEI: R6ZXK5P01NP6HXSY1S07 | Long             | DBT              | CORP              | US        |    140000 | PA      | $96769.23     | 0.05%             | 2050-04-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Asset-Backed Securities Corp. Home Equity Loan Trust                   | Asset-Backed Securities Corp. Home Equity Loan Trust, Series 2007-HE2, Class A4                 | CUSIP: 04544TAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1441295 | PA      | $995015.64    | 0.56%             | 2037-05-25      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| Uber Technologies, Inc.                                                | Uber Technologies, Inc.                                                                         | CUSIP: 90353TAE0<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40028.00     | 0.02%             | 2027-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Great Wolf Trust                                                       | Great Wolf Trust, Series 2019-WOLF, Class F                                                     | CUSIP: 39152TAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $93710.83     | 0.05%             | 2036-12-15      | Floating      | 7.45%                 | Yes           |                  2 | On Loan: No      |
| CD Mortgage Trust                                                      | CD Mortgage Trust, Series 2017-CD6, Class C                                                     | CUSIP: 125039AK3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    202000 | PA      | $169208.15    | 0.09%             | 2050-11-13      | Variable      | 4.23%                 | No            |                  2 | On Loan: No      |
| Trimaran Cavu Ltd.                                                     | Trimaran Cavu Ltd., Series 2021-3A, Class A                                                     | CUSIP: 89624GAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $481415.50    | 0.27%             | 2035-01-18      | Floating      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| VOLT XCVI LLC                                                          | VOLT XCVI LLC, Series 2021-NPL5, Class A1                                                       | CUSIP: 92873FAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    383647 | PA      | $347796.66    | 0.20%             | 2051-03-27      | Variable      | 2.12%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                                                       | CCO Holdings LLC                                                                                | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $29521.80     | 0.02%             | 2034-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Western Midstream Operating LP                                         | Western Midstream Operating LP                                                                  | CUSIP: 958667AB3<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |     45000 | PA      | $42579.90     | 0.02%             | 2025-02-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                  | Wells Fargo Commercial Mortgage Trust, Series 2016-C35, Class B                                 | CUSIP: 95000FAY2<br>LEI: 549300MZIB10PDVAE312 | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $167659.60    | 0.09%             | 2048-07-15      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| Univision Communications, Inc.                                         | Univision Communications, Inc.                                                                  | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     70000 | PA      | $66899.00     | 0.04%             | 2030-06-30      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                         | Morgan Stanley Capital I Trust, Series 2020-L4, Class B                                         | CUSIP: 61770KBB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    114000 | PA      | $86936.50     | 0.05%             | 2053-02-15      | Fixed         | 3.08%                 | No            |                  2 | On Loan: No      |
| WRKCo, Inc.                                                            | WRKCo, Inc.                                                                                     | CUSIP: 96145DAF2<br>LEI: 549300JEB576INN13W07 | Long             | DBT              | CORP              | US        |    135000 | PA      | $130562.42    | 0.07%             | 2025-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Guardian Life Global Funding                                           | Guardian Life Global Funding                                                                    | CUSIP: 40139LBD4<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |    155000 | PA      | $136470.42    | 0.08%             | 2026-05-13      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| Republic of Chile                                                      | Republic of Chile                                                                               | CUSIP: 168863DS4<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    200000 | PA      | $143667.46    | 0.08%             | 2041-05-07      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Realogy Group LLC                                                      | Realogy Group LLC                                                                               | CUSIP: 75606DAQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $36475.50     | 0.02%             | 2030-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                         | Morgan Stanley Capital I Trust, Series 2019-L3, Class XA                                        | CUSIP: 61691UBF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3025403 | PA      | $97872.68     | 0.05%             | 2052-11-15      | Variable      | 0.64%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                       | Bank of Montreal                                                                                | CUSIP: 06368DH72<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    185000 | PA      | $139879.20    | 0.08%             | 2037-01-10      | Variable      | 3.09%                 | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trust                                        | CFCRE Commercial Mortgage Trust, Series 2016-C4, Class XA                                       | CUSIP: 12531YAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1935237 | PA      | $76418.05     | 0.04%             | 2058-05-10      | Variable      | 1.61%                 | No            |                  2 | On Loan: No      |
| Bausch Health Cos., Inc.                                               | Bausch Health Cos., Inc.                                                                        | CUSIP: 071734AR8<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |      1000 | PA      | $593.65       | 0.00%             | 2030-10-15      | Fixed         | 14.00%                | Yes           |                  2 | On Loan: No      |
| AmWINS Group, Inc.                                                     | AmWINS Group, Inc.                                                                              | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |     75000 | PA      | $63611.01     | 0.04%             | 2029-06-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Adani International Container Terminal Pvt Ltd.                        | Adani International Container Terminal Pvt Ltd.                                                 | CUSIP: N/A<br>LEI: 335800J4SLERP6S94P28       | Long             | DBT              | CORP              | IN        |    187500 | PA      | $146762.78    | 0.08%             | 2031-02-16      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Chesapeake Energy Corp.                                                | Chesapeake Energy Corp.                                                                         | CUSIP: 165167DG9<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |     65000 | PA      | $61586.53     | 0.03%             | 2029-02-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                        | Goldman Sachs Group, Inc. (The)                                                                 | CUSIP: 38141GXD1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    274000 | PA      | $272071.09    | 0.15%             | 2026-05-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| United States of America                                               | U.S. Treasury Notes                                                                             | CUSIP: 91282CFZ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    690000 | PA      | $686226.56    | 0.38%             | 2027-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CLNC Ltd.                                                              | CLNC Ltd., Series 2019-FL1, Class A                                                             | CUSIP: 12565DAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     60992 | PA      | $59480.03     | 0.03%             | 2035-08-20      | Floating      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| Cathedral Lake VIII Ltd.                                               | Cathedral Lake VIII Ltd., Series 2021-8A, Class A1                                              | CUSIP: 14919GAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $483175.50    | 0.27%             | 2035-01-20      | Floating      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| Scripps Escrow II, Inc.                                                | Scripps Escrow II, Inc.                                                                         | CUSIP: 81105DAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $72225.00     | 0.04%             | 2029-01-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Glencore Funding LLC                                                   | Glencore Funding LLC                                                                            | CUSIP: 378272BD9<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    100000 | PA      | $88109.22     | 0.05%             | 2026-04-27      | Fixed         | 1.62%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                    | New Residential Mortgage Loan Trust, Series 2021-NQ1R, Class M1                                 | CUSIP: 64828BAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    550000 | PA      | $345241.11    | 0.19%             | 2055-07-25      | Variable      | 2.27%                 | Yes           |                  2 | On Loan: No      |
| BB-UBS Trust                                                           | BB-UBS Trust, Series 2012-SHOW, Class XB                                                        | CUSIP: 05538UAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4823000 | PA      | $15126.37     | 0.01%             | 2036-11-05      | Variable      | 0.14%                 | Yes           |                  2 | On Loan: No      |
| Community Health Systems, Inc.                                         | Community Health Systems, Inc.                                                                  | CUSIP: 12543DBH2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     60000 | PA      | $50188.80     | 0.03%             | 2029-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Sprite Ltd.                                                            | Sprite Ltd., Series 2021-1, Class A                                                             | CUSIP: 85208UAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    450760 | PA      | $390216.80    | 0.22%             | 2046-11-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                  | Wells Fargo Commercial Mortgage Trust, Series 2017-C42, Class C                                 | CUSIP: 95001GAM5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    161000 | PA      | $132827.72    | 0.07%             | 2050-12-15      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                      | Enterprise Products Operating LLC                                                               | CUSIP: 29379VBE2<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    140000 | PA      | $136122.11    | 0.08%             | 2025-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Home Partners of America Trust                                         | Home Partners of America Trust, Series 2021-1, Class D                                          | CUSIP: 437300AG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1046567 | PA      | $812882.61    | 0.46%             | 2041-09-17      | Fixed         | 2.48%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                                        | TransDigm, Inc.                                                                                 | CUSIP: 893647BL0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     45000 | PA      | $42257.25     | 0.02%             | 2027-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lumen Technologies, Inc.                                               | Lumen Technologies, Inc.                                                                        | CUSIP: 156700BB1<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |     25000 | PA      | $21732.50     | 0.01%             | 2026-12-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Directv Financing LLC                                                  | Directv Financing LLC                                                                           | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $35786.40     | 0.02%             | 2027-08-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Goodyear Tire & Rubber Co. (The)                                       | Goodyear Tire & Rubber Co. (The)                                                                | CUSIP: 382550BR1<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |     65000 | PA      | $53166.10     | 0.03%             | 2031-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LLPL Capital Pte. Ltd.                                                 | LLPL Capital Pte. Ltd.                                                                          | CUSIP: N/A<br>LEI: 254900VXZ8FXTUQNON22       | Long             | DBT              | CORP              | SG        |    170640 | PA      | $150248.52    | 0.08%             | 2039-02-04      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                               | U.S. Treasury Notes                                                                             | CUSIP: 91282CFW6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    880000 | PA      | $885293.75    | 0.50%             | 2025-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Network i2i Ltd.                                                       | Network i2i Ltd.                                                                                | CUSIP: N/A<br>LEI: 2549003L8M1FGHLHOX45       | Long             | DBT              | CORP              | MU        |    200000 | PA      | $174000.00    | 0.10%             | 2026-03-03      | Variable      | 3.98%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                   | FNMA, Series 2013-20, Class MA                                                                  | CUSIP: 3136ACWC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1537136 | PA      | $1414054.26   | 0.79%             | 2033-03-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Elevance Health, Inc.                                                  | Elevance Health, Inc.                                                                           | CUSIP: 94973VBA4<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    135000 | PA      | $134900.37    | 0.08%             | 2023-01-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                   | UMBS                                                                                            | CUSIP: 3140XGT66<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2612197 | PA      | $2395973.54   | 1.34%             | 2050-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Arrow Electronics, Inc.                                                | Arrow Electronics, Inc.                                                                         | CUSIP: 042735BF6<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |    120000 | PA      | $109011.46    | 0.06%             | 2028-01-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                     | T-Mobile USA, Inc.                                                                              | CUSIP: 87264ABR5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    225000 | PA      | $204669.23    | 0.11%             | 2026-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                           | Hess Midstream Operations LP                                                                    | CUSIP: 428104AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $55481.80     | 0.03%             | 2028-06-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Uber Technologies, Inc.                                                | Uber Technologies, Inc.                                                                         | CUSIP: 90353TAK6<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |     40000 | PA      | $34850.20     | 0.02%             | 2029-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                               | U.S. Treasury Notes                                                                             | CUSIP: 91282CGA3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    720000 | PA      | $715387.50    | 0.40%             | 2025-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Post Holdings, Inc.                                                    | Post Holdings, Inc.                                                                             | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |      9000 | PA      | $7764.66      | 0.00%             | 2030-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Clarivate Science Holdings Corp.                                       | Clarivate Science Holdings Corp.                                                                | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $38265.75     | 0.02%             | 2029-07-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Qorvo, Inc.                                                            | Qorvo, Inc.                                                                                     | CUSIP: 74739DAA2<br>LEI: 254900YAUJV2EUEVBR11 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46047.50     | 0.03%             | 2024-12-15      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| Sabine Pass Liquefaction LLC                                           | Sabine Pass Liquefaction LLC                                                                    | CUSIP: 785592AS5<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88247.16     | 0.05%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                   | FNMA                                                                                            | CUSIP: 3140HX7C8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2100000 | PA      | $1772245.40   | 0.99%             | 2030-05-01      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp.                                                      | Duke Energy Corp.                                                                               | CUSIP: 26441CAS4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    225000 | PA      | $207813.19    | 0.12%             | 2026-09-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| JSW Steel Ltd.                                                         | JSW Steel Ltd.                                                                                  | CUSIP: N/A<br>LEI: 335800EK6HZSC4CVAJ09       | Long             | DBT              | CORP              | IN        |    200000 | PA      | $157805.87    | 0.09%             | 2032-04-05      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| Dollar General Corp.                                                   | Dollar General Corp.                                                                            | CUSIP: 256677AJ4<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69037.70     | 0.04%             | 2024-09-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Bausch Health Cos., Inc.                                               | Bausch Health Cos., Inc.                                                                        | CUSIP: 071734AP2<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     35000 | PA      | $24137.05     | 0.01%             | 2027-02-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                             | Occidental Petroleum Corp.                                                                      | CUSIP: 674599DF9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30600.00     | 0.02%             | 2036-09-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Marble Point CLO XIV Ltd.                                              | Marble Point CLO XIV Ltd., Series 2018-2A, Class A1R                                            | CUSIP: 56608KAN3<br>LEI: 254900N4UCG37B1HFL93 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $488640.00    | 0.27%             | 2032-01-20      | Floating      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| Discover Financial Services                                            | Discover Financial Services                                                                     | CUSIP: 254709AM0<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | DBT              | CORP              | US        |    145000 | PA      | $136444.24    | 0.08%             | 2027-02-09      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia                                                   | Republic of Colombia                                                                            | CUSIP: 195325DT9<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    250000 | PA      | $149522.24    | 0.08%             | 2051-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| HPLY Trust                                                             | HPLY Trust, Series 2019-HIT, Class F                                                            | CUSIP: 40443RAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     88054 | PA      | $83167.26     | 0.05%             | 2036-11-15      | Floating      | 7.47%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                                               | BX Trust, Series 2019-OC11, Class E                                                             | CUSIP: 05606FAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    211000 | PA      | $163236.31    | 0.09%             | 2041-12-09      | Variable      | 3.94%                 | Yes           |                  2 | On Loan: No      |
| BB-UBS Trust                                                           | BB-UBS Trust, Series 2012-SHOW, Class XA                                                        | CUSIP: 05538UAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8760000 | PA      | $87830.39     | 0.05%             | 2036-11-05      | Variable      | 0.60%                 | Yes           |                  2 | On Loan: No      |
| Staples, Inc.                                                          | Staples, Inc.                                                                                   | CUSIP: 855030AN2<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |     70000 | PA      | $60247.60     | 0.03%             | 2026-04-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                   | GNMA, Series 2021-52                                                                            | CUSIP: 38380RJ84<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4830232 | PA      | $266249.14    | 0.15%             | 2063-04-16      | Variable      | 0.72%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                  | FHLMC                                                                                           | CUSIP: 3128MJ2H2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    466472 | PA      | $442398.42    | 0.25%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Blackstone Holdings Finance Co. LLC                                    | Blackstone Holdings Finance Co. LLC                                                             | CUSIP: 09261BAD2<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | DBT              | CORP              | US        |    215000 | PA      | $157941.96    | 0.09%             | 2032-01-30      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| Anheuser-Busch InBev Worldwide, Inc.                                   | Anheuser-Busch InBev Worldwide, Inc.                                                            | CUSIP: 03523TBV9<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    145000 | PA      | $143346.69    | 0.08%             | 2049-01-23      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Energizer Holdings, Inc.                                               | Energizer Holdings, Inc.                                                                        | CUSIP: 29272WAC3<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |     45000 | PA      | $38997.15     | 0.02%             | 2028-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                                           | BX Commercial Mortgage Trust, Series 2021-SOAR, Class A                                         | CUSIP: 05608WAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    198496 | PA      | $191185.95    | 0.11%             | 2038-06-15      | Floating      | 4.99%                 | Yes           |                  2 | On Loan: No      |
| Vivint Solar Financing VII LLC                                         | Vivint Solar Financing VII LLC, Series 2020-1A, Class A                                         | CUSIP: 92855HAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    413483 | PA      | $316458.24    | 0.18%             | 2051-07-31      | Fixed         | 2.21%                 | Yes           |                  2 | On Loan: No      |
| ModivCare Escrow Issuer, Inc.                                          | ModivCare Escrow Issuer, Inc.                                                                   | CUSIP: 60783XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $59031.00     | 0.03%             | 2029-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| SunCoke Energy, Inc.                                                   | SunCoke Energy, Inc.                                                                            | CUSIP: 86722AAD5<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | DBT              | CORP              | US        |     55000 | PA      | $47211.31     | 0.03%             | 2029-06-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                      | Wells Fargo & Co.                                                                               | CUSIP: 95000U2A0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    145000 | PA      | $134631.79    | 0.08%             | 2028-05-22      | Variable      | 3.58%                 | No            |                  2 | On Loan: No      |
| HCA, Inc.                                                              | HCA, Inc.                                                                                       | CUSIP: 404119BY4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     80000 | PA      | $71582.71     | 0.04%             | 2039-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan, Inc.                                                 | Freeport-McMoRan, Inc.                                                                          | CUSIP: 35671DCH6<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |     70000 | PA      | $65197.61     | 0.04%             | 2030-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CNX Resources Corp.                                                    | CNX Resources Corp.                                                                             | CUSIP: 12653CAJ7<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46007.21     | 0.03%             | 2029-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Freeport-McMoRan, Inc.                                                 | Freeport-McMoRan, Inc.                                                                          | CUSIP: 35671DCD5<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48240.00     | 0.03%             | 2029-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TotalEnergies Capital International SA                                 | TotalEnergies Capital International SA                                                          | CUSIP: 89153VAW9<br>LEI: 549300U37G2I8G4RUG09 | Long             | DBT              | CORP              | FR        |    105000 | PA      | $73085.61     | 0.04%             | 2060-06-29      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| PRPM LLC                                                               | PRPM LLC, Series 2022-5, Class A1                                                               | CUSIP: 69377VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1878469 | PA      | $1864246.14   | 1.05%             | 2027-09-27      | Variable      | 6.90%                 | Yes           |                  2 | On Loan: No      |
| Charter Communications Operating LLC                                   | Charter Communications Operating LLC                                                            | CUSIP: 161175BX1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    245000 | PA      | $180454.37    | 0.10%             | 2032-02-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Dealer Tire LLC                                                        | Dealer Tire LLC                                                                                 | CUSIP: 24229JAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $30795.57     | 0.02%             | 2028-02-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Aegis Asset-Backed Securities Corp. Mortgage Pass-Through Certificates | Aegis Asset-Backed Securities Corp. Mortgage Pass-Through Certificates, Series 2003-2, Class M2 | CUSIP: 00764MAJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1043212 | PA      | $922706.26    | 0.52%             | 2033-11-25      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| Griffon Corp.                                                          | Griffon Corp.                                                                                   | CUSIP: 398433AP7<br>LEI: 5493000C2SGNC7ZN3242 | Long             | DBT              | CORP              | US        |     40000 | PA      | $36600.00     | 0.02%             | 2028-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Vontier Corp.                                                          | Vontier Corp.                                                                                   | CUSIP: 928881AB7<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |    190000 | PA      | $160559.39    | 0.09%             | 2026-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Elevance Health, Inc.                                                  | Elevance Health, Inc.                                                                           | CUSIP: 036752AT0<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    145000 | PA      | $134874.19    | 0.08%             | 2032-05-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Comcast Corp.                                                          | Comcast Corp.                                                                                   | CUSIP: 20030NDU2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    212000 | PA      | $131106.17    | 0.07%             | 2056-11-01      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| CSMC Trust                                                             | CSMC Trust, Series 2021-B33, Class A2                                                           | CUSIP: 12658WAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    157000 | PA      | $122221.14    | 0.07%             | 2043-10-10      | Fixed         | 3.17%                 | Yes           |                  2 | On Loan: No      |
| Santander Holdings USA, Inc.                                           | Santander Holdings USA, Inc.                                                                    | CUSIP: 80282KBC9<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    160000 | PA      | $137277.21    | 0.08%             | 2028-01-06      | Variable      | 2.49%                 | No            |                  2 | On Loan: No      |
| Parker-Hannifin Corp.                                                  | Parker-Hannifin Corp.                                                                           | CUSIP: 701094AR5<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |     35000 | PA      | $33956.81     | 0.02%             | 2027-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Legacy LifePoint Health LLC                                            | Legacy LifePoint Health LLC                                                                     | CUSIP: 53219LAT6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $28232.70     | 0.02%             | 2025-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Coty, Inc.                                                             | Coty, Inc.                                                                                      | CUSIP: 222070AE4<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |     40000 | PA      | $37930.88     | 0.02%             | 2026-04-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| USA Compression Partners LP                                            | USA Compression Partners LP                                                                     | CUSIP: 91740PAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $37400.01     | 0.02%             | 2027-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LCM XV LP                                                              | LCM XV LP, Series 15A, Class DR                                                                 | CUSIP: 50184NAQ5<br>LEI: 549300HV40B88JRNJD93 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $215254.00    | 0.12%             | 2030-07-20      | Floating      | 7.94%                 | Yes           |                  2 | On Loan: No      |
| DISH DBS Corp.                                                         | DISH DBS Corp.                                                                                  | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $35915.63     | 0.02%             | 2028-12-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Callon Petroleum Co.                                                   | Callon Petroleum Co.                                                                            | CUSIP: 13123XBF8<br>LEI: 549300EFOWPEB0WLZW21 | Long             | DBT              | CORP              | US        |     60000 | PA      | $54900.00     | 0.03%             | 2030-06-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Bridge Street CLO II Ltd.                                              | Bridge Street CLO II Ltd., Series 2021-1A, Class A1A                                            | CUSIP: 10806JAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $484004.00    | 0.27%             | 2034-07-20      | Floating      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                    | Petroleos Mexicanos                                                                             | CUSIP: 71654QCC4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |    100000 | PA      | $63799.87     | 0.04%             | 2047-09-21      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                                     | General Motors Financial Co., Inc.                                                              | CUSIP: 37045XDP8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     90000 | PA      | $74628.54     | 0.04%             | 2028-10-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| United States of America                                               | U.S. Treasury Notes                                                                             | CUSIP: 91282CFJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    830000 | PA      | $787948.83    | 0.44%             | 2029-08-31      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Smithfield Foods, Inc.                                                 | Smithfield Foods, Inc.                                                                          | CUSIP: 832248AZ1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |    150000 | PA      | $138112.25    | 0.08%             | 2027-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| HCA, Inc.                                                              | HCA, Inc.                                                                                       | CUSIP: 404119BX6<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     75000 | PA      | $68466.83     | 0.04%             | 2029-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Constellation Brands, Inc.                                             | Constellation Brands, Inc.                                                                      | CUSIP: 21036PBF4<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    105000 | PA      | $89382.31     | 0.05%             | 2030-05-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Michaels Cos., Inc. (The)                                              | Michaels Cos., Inc. (The)                                                                       | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |     45000 | PA      | $36203.88     | 0.02%             | 2028-05-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Suburban Propane Partners LP                                           | Suburban Propane Partners LP                                                                    | CUSIP: 864486AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $76498.43     | 0.04%             | 2031-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                   | GNMA, Series 2021-79                                                                            | CUSIP: 38381DBP4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5283608 | PA      | $366216.93    | 0.21%             | 2063-08-16      | Variable      | 0.91%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                                           | BX Commercial Mortgage Trust, Series 2021-VOLT, Class F                                         | CUSIP: 05609VAQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    134000 | PA      | $123280.66    | 0.07%             | 2036-09-15      | Floating      | 6.72%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                   | FNMA ACES, Series 2022-M4, Class A1X                                                            | CUSIP: 3136BLQ78<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1642340 | PA      | $1471853.03   | 0.83%             | 2030-05-25      | Variable      | 2.46%                 | No            |                  2 | On Loan: No      |
| Continental Resources, Inc.                                            | Continental Resources, Inc.                                                                     | CUSIP: 212015AU5<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |     50000 | PA      | $43322.84     | 0.02%             | 2026-11-15      | Fixed         | 2.27%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                                  | Bank of America Corp.                                                                           | CUSIP: 06051GKC2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    285000 | PA      | $209406.69    | 0.12%             | 2036-09-21      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| NGL Energy Operating LLC                                               | NGL Energy Operating LLC                                                                        | CUSIP: 62922LAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $53423.48     | 0.03%             | 2026-02-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| PRET LLC                                                               | PRET LLC, Series 2021-NPL5, Class A1                                                            | CUSIP: 74143KAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    840579 | PA      | $758982.30    | 0.43%             | 2051-10-25      | Variable      | 2.49%                 | Yes           |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                                         | Pagaya AI Debt Selection Trust, Series 2021-3, Class B                                          | CUSIP: 69546RAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    499973 | PA      | $456574.85    | 0.26%             | 2029-05-15      | Fixed         | 1.74%                 | Yes           |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                                        | CSAIL Commercial Mortgage Trust, Series 2019-C18, Class B                                       | CUSIP: 12597DAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    255000 | PA      | $204166.18    | 0.11%             | 2052-12-15      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| One New York Plaza Trust                                               | One New York Plaza Trust, Series 2020-1NYP, Class C                                             | CUSIP: 68249DAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $137060.72    | 0.08%             | 2036-01-15      | Floating      | 6.52%                 | Yes           |                  2 | On Loan: No      |
| Park Intermediate Holdings LLC                                         | Park Intermediate Holdings LLC                                                                  | CUSIP: 70052LAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $42325.00     | 0.02%             | 2029-05-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                                  | Bank of America Corp.                                                                           | CUSIP: 06051GKS7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29289.73     | 0.02%             | 2025-04-25      | Variable      | 3.84%                 | No            |                  2 | On Loan: No      |
| ME Funding LLC                                                         | ME Funding LLC, Series 2019-1, Class A2                                                         | CUSIP: 55282GAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    727500 | PA      | $697538.64    | 0.39%             | 2049-07-30      | Fixed         | 6.45%                 | Yes           |                  2 | On Loan: No      |
| RP Escrow Issuer LLC                                                   | RP Escrow Issuer LLC                                                                            | CUSIP: 74969PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $45819.03     | 0.03%             | 2025-12-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                                                           | Oracle Corp.                                                                                    | CUSIP: 68389XBP9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     15000 | PA      | $11876.87     | 0.01%             | 2037-11-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Viatris, Inc.                                                          | Viatris, Inc.                                                                                   | CUSIP: 92556VAB2<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |     45000 | PA      | $40756.16     | 0.02%             | 2025-06-22      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| BBVA Bancomer SA                                                       | BBVA Bancomer SA                                                                                | CUSIP: N/A<br>LEI: 549300WIWQK5Q9MCUN92       | Long             | DBT              | CORP              | MX        |    200000 | PA      | $179520.30    | 0.10%             | 2033-01-18      | Variable      | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Cengage Learning, Inc.                                                 | Cengage Learning, Inc.                                                                          | CUSIP: 15137NAA1<br>LEI: 549300BYGM0FWUSVXJ88 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47687.50     | 0.03%             | 2024-06-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                                                 | Tenet Healthcare Corp.                                                                          | CUSIP: 88033GCX6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     35000 | PA      | $33617.85     | 0.02%             | 2027-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                   | FNMA                                                                                            | CUSIP: 3140HXNK2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2113000 | PA      | $1819083.24   | 1.02%             | 2032-02-01      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                   | GNMA, Series 2021-57, Class IA                                                                  | CUSIP: 38382QAV2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3807090 | PA      | $490671.45    | 0.28%             | 2050-12-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Sysco Corp.                                                            | Sysco Corp.                                                                                     | CUSIP: 871829BJ5<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |     70000 | PA      | $47949.27     | 0.03%             | 2050-02-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Marvell Technology, Inc.                                               | Marvell Technology, Inc.                                                                        | CUSIP: 573874AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $105985.48    | 0.06%             | 2026-04-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Trust                                                   | Pagaya AI Debt Trust, Series 2022-1, Class B                                                    | CUSIP: 69546MAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    499934 | PA      | $449875.40    | 0.25%             | 2029-10-15      | Fixed         | 3.34%                 | Yes           |                  2 | On Loan: No      |
| AbbVie, Inc.                                                           | AbbVie, Inc.                                                                                    | CUSIP: 00287YCX5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     95000 | PA      | $92587.91     | 0.05%             | 2025-03-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                             | JPMBB Commercial Mortgage Securities Trust, Series 2014-C23, Class D                            | CUSIP: 46643AAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $170024.88    | 0.10%             | 2047-09-15      | Variable      | 3.98%                 | Yes           |                  2 | On Loan: No      |
| Wellfleet CLO X Ltd.                                                   | Wellfleet CLO X Ltd., Series 2019-XA, Class A2R                                                 | CUSIP: 94949WAN6<br>LEI: 254900A99ZMAJM1OOV76 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $474335.50    | 0.27%             | 2032-07-20      | Floating      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| Expedia Group, Inc.                                                    | Expedia Group, Inc.                                                                             | CUSIP: 30212PAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $108547.76    | 0.06%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                   | FNMA ACES, Series 2020-M7, Class X2                                                             | CUSIP: 3136B9DK0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5175353 | PA      | $358826.35    | 0.20%             | 2031-03-25      | Variable      | 1.24%                 | No            |                  2 | On Loan: No      |
| Superior Plus LP                                                       | Superior Plus LP                                                                                | CUSIP: 86828LAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     70000 | PA      | $59850.00     | 0.03%             | 2029-03-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corp.                                                         | Carnival Corp.                                                                                  | CUSIP: 143658BN1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    165000 | PA      | $117816.60    | 0.07%             | 2027-03-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Microsoft Corp.                                                        | Microsoft Corp.                                                                                 | CUSIP: 594918CE2<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    100000 | PA      | $70750.07     | 0.04%             | 2052-03-17      | Fixed         | 2.92%                 | No            |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                                             | Warnermedia Holdings, Inc.                                                                      | CUSIP: 55903VAG8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    155000 | PA      | $139582.07    | 0.08%             | 2027-03-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                       | NRG Energy, Inc.                                                                                | CUSIP: 629377CR1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     80000 | PA      | $60815.80     | 0.03%             | 2031-02-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                          | UBS Commercial Mortgage Trust, Series 2017-C4, Class B                                          | CUSIP: 90276RBJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    161000 | PA      | $140138.80    | 0.08%             | 2050-10-15      | Variable      | 4.24%                 | No            |                  2 | On Loan: No      |
| Lowe's Cos., Inc.                                                      | Lowe's Cos., Inc.                                                                               | CUSIP: 548661EK9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    160000 | PA      | $157611.00    | 0.09%             | 2025-09-08      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Bear Stearns ALT-A Trust                                               | Bear Stearns ALT-A Trust, Series 2006-1, Class 11A1                                             | CUSIP: 07386HA92<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1244049 | PA      | $1209512.93   | 0.68%             | 2036-02-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Adani Ports & Special Economic Zone Ltd.                               | Adani Ports & Special Economic Zone Ltd.                                                        | CUSIP: N/A<br>LEI: 335800QOAXP5TM7OYP69       | Long             | DBT              | CORP              | IN        |    200000 | PA      | $168043.29    | 0.09%             | 2029-07-03      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                               | U.S. Treasury Notes                                                                             | CUSIP: 91282CFN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    440000 | PA      | $437748.44    | 0.25%             | 2024-09-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Scientific Games International, Inc.                                   | Scientific Games International, Inc.                                                            | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43200.00     | 0.02%             | 2029-11-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage Securities Corp. Trust                                     | GS Mortgage Securities Corp. Trust, Series 2018-TWR, Class D                                    | CUSIP: 36251SAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $88137.58     | 0.05%             | 2031-07-15      | Floating      | 6.17%                 | Yes           |                  2 | On Loan: No      |
| Glencore Funding LLC                                                   | Glencore Funding LLC                                                                            | CUSIP: 378272BH0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     85000 | PA      | $55134.01     | 0.03%             | 2051-09-23      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Nationstar Mortgage Holdings, Inc.                                     | Nationstar Mortgage Holdings, Inc.                                                              | CUSIP: 63861CAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $89412.50     | 0.05%             | 2031-11-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                                         | Pagaya AI Debt Selection Trust, Series 2021-1, Class B                                          | CUSIP: 69547JAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    349856 | PA      | $327270.35    | 0.18%             | 2027-11-15      | Fixed         | 2.13%                 | Yes           |                  2 | On Loan: No      |
| Univision Communications, Inc.                                         | Univision Communications, Inc.                                                                  | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     45000 | PA      | $37631.70     | 0.02%             | 2029-05-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                   | GNMA, Series 2021-65                                                                            | CUSIP: 38380R3P3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5033608 | PA      | $341701.48    | 0.19%             | 2063-08-16      | Variable      | 0.88%                 | No            |                  2 | On Loan: No      |
| Crown Castle, Inc.                                                     | Crown Castle, Inc.                                                                              | CUSIP: 22822VAL5<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    145000 | PA      | $136929.22    | 0.08%             | 2029-02-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Frontier Communications Holdings LLC                                   | Frontier Communications Holdings LLC                                                            | CUSIP: 35906ABE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $13928.55     | 0.01%             | 2027-10-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| JSW Hydro Energy Ltd.                                                  | JSW Hydro Energy Ltd.                                                                           | CUSIP: 46653YAA6<br>LEI: 3358006ZP5KO7VUH2790 | Long             | DBT              | CORP              | IN        |    177000 | PA      | $147529.82    | 0.08%             | 2031-05-18      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Hilcorp Energy I LP                                                    | Hilcorp Energy I LP                                                                             | CUSIP: 431318AS3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $40725.00     | 0.02%             | 2028-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                   | JPMorgan Chase & Co.                                                                            | CUSIP: 46647PCC8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    180000 | PA      | $144187.17    | 0.08%             | 2032-04-22      | Variable      | 2.58%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                                            | Allied Universal Holdco LLC                                                                     | CUSIP: 019576AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $32025.00     | 0.02%             | 2026-07-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Thunderbolt III Aircraft Lease Ltd.                                    | Thunderbolt III Aircraft Lease Ltd., Series 2019-1, Class A                                     | CUSIP: 88607AAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    769056 | PA      | $603731.84    | 0.34%             | 2039-11-15      | Fixed         | 3.67%                 | Yes           |                  2 | On Loan: No      |
| Securitized Asset-Backed Receivables LLC Trust                         | Securitized Asset-Backed Receivables LLC Trust, Series 2006-FR4, Class A2B                      | CUSIP: 81377GAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4047512 | PA      | $1291720.94   | 0.72%             | 2036-08-25      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                   | UMBS                                                                                            | CUSIP: 3140XCAE8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1665903 | PA      | $1468884.35   | 0.82%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Essential Utilities, Inc.                                              | Essential Utilities, Inc.                                                                       | CUSIP: 29670GAE2<br>LEI: 549300ILTEOF3E3QY357 | Long             | DBT              | CORP              | US        |    195000 | PA      | $133165.68    | 0.07%             | 2050-04-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| BANK                                                                   | BANK, Series 2017-BNK6, Class XA                                                                | CUSIP: 060352AG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4170854 | PA      | $110254.03    | 0.06%             | 2060-07-15      | Variable      | 0.77%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.                                   | Clear Channel Outdoor Holdings, Inc.                                                            | CUSIP: 18453HAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $36713.50     | 0.02%             | 2029-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Glatfelter Corp.                                                       | Glatfelter Corp.                                                                                | CUSIP: 377320AA4<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |     50000 | PA      | $30065.03     | 0.02%             | 2029-11-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Commercial Mortgage Trust                                              | Commercial Mortgage Trust, Series 2017-PANW, Class E                                            | CUSIP: 12595HAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    254000 | PA      | $221745.76    | 0.12%             | 2029-10-10      | Variable      | 3.81%                 | Yes           |                  2 | On Loan: No      |
| Westpac Banking Corp.                                                  | Westpac Banking Corp.                                                                           | CUSIP: 961214EX7<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    185000 | PA      | $137541.44    | 0.08%             | 2036-11-18      | Variable      | 3.02%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                                                 | Tenet Healthcare Corp.                                                                          | CUSIP: 88033GDP2<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     85000 | PA      | $80988.00     | 0.05%             | 2030-06-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Icahn Enterprises LP                                                   | Icahn Enterprises LP                                                                            | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $36624.00     | 0.02%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oleoducto Central SA                                                   | Oleoducto Central SA                                                                            | CUSIP: N/A<br>LEI: 254900W4CPYCQFVH5E92       | Long             | DBT              | CORP              | CO        |    200000 | PA      | $176439.63    | 0.10%             | 2027-07-14      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Marble Point CLO XXII Ltd.                                             | Marble Point CLO XXII Ltd., Series 2021-2A, Class A                                             | CUSIP: 56606GAA2<br>LEI: 549300MZC31PBFF01E87 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $481566.00    | 0.27%             | 2034-07-25      | Floating      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Madison IAQ LLC                                                        | Madison IAQ LLC                                                                                 | CUSIP: 55760LAA5<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |     55000 | PA      | $45992.65     | 0.03%             | 2028-06-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                   | GNMA, Series 2021-35                                                                            | CUSIP: 38380RWA4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4601212 | PA      | $337557.76    | 0.19%             | 2062-12-16      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| MHC Commercial Mortgage Trust                                          | MHC Commercial Mortgage Trust, Series 2021-MHC, Class A                                         | CUSIP: 55316VAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $193963.30    | 0.11%             | 2038-04-15      | Floating      | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Co.                                                         | Ford Motor Co.                                                                                  | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    120000 | PA      | $89993.00     | 0.05%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Midwest Gaming Borrower LLC                                            | Midwest Gaming Borrower LLC                                                                     | CUSIP: 59833DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $85086.42     | 0.05%             | 2029-05-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Broadcom, Inc.                                                         | Broadcom, Inc.                                                                                  | CUSIP: 11135FBK6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    173000 | PA      | $138695.44    | 0.08%             | 2033-04-15      | Fixed         | 3.42%                 | Yes           |                  2 | On Loan: No      |
| AGL CLO 3 Ltd.                                                         | AGL CLO 3 Ltd., Series 2020-3A, Class A                                                         | CUSIP: 00119MAA7<br>LEI: 549300LS0REDUXQSHW18 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $981495.00    | 0.55%             | 2033-01-15      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                               | Benchmark Mortgage Trust, Series 2020-B19, Class XA                                             | CUSIP: 08162WBF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1313616 | PA      | $100335.14    | 0.06%             | 2053-09-15      | Variable      | 1.77%                 | No            |                  2 | On Loan: No      |
| Workday, Inc.                                                          | Workday, Inc.                                                                                   | CUSIP: 98138HAH4<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |     70000 | PA      | $64221.40     | 0.04%             | 2029-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| United States of America                                               | U.S. Treasury Notes                                                                             | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    710000 | PA      | $646543.75    | 0.36%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| CD Mortgage Trust                                                      | CD Mortgage Trust, Series 2017-CD6, Class XA                                                    | CUSIP: 125039AG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5123278 | PA      | $142720.17    | 0.08%             | 2050-11-13      | Variable      | 0.88%                 | No            |                  2 | On Loan: No      |
| Carrier Global Corp.                                                   | Carrier Global Corp.                                                                            | CUSIP: 14448CAS3<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |     95000 | PA      | $67740.24     | 0.04%             | 2050-04-05      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| Arconic Corp.                                                          | Arconic Corp.                                                                                   | CUSIP: 03966VAA5<br>LEI: 549300B4YFWH3U74B152 | Long             | DBT              | CORP              | US        |     75000 | PA      | $70369.88     | 0.04%             | 2028-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Boeing Co. (The)                                                       | Boeing Co. (The)                                                                                | CUSIP: 097023CN3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    170000 | PA      | $143976.84    | 0.08%             | 2030-02-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Petroleos del Peru SA                                                  | Petroleos del Peru SA                                                                           | CUSIP: N/A<br>LEI: 549300ZMGDLC9JT2OR80       | Long             | DBT              | NUSS              | PE        |    200000 | PA      | $154580.00    | 0.09%             | 2032-06-19      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                   | GNMA, Series 2021-208                                                                           | CUSIP: 38381EHE1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6603737 | PA      | $389678.59    | 0.22%             | 2064-06-16      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| FS RIALTO                                                              | FS RIALTO, Series 2021-FL2, Class A                                                             | CUSIP: 30319YAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    375000 | PA      | $356112.38    | 0.20%             | 2038-05-16      | Floating      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| Metis Merger Sub LLC                                                   | Metis Merger Sub LLC                                                                            | CUSIP: 59155LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $67158.63     | 0.04%             | 2029-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Monongahela Power Co.                                                  | Monongahela Power Co.                                                                           | CUSIP: 610202BP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $72246.10     | 0.04%             | 2043-12-15      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                                             | UMBS                                                                                            | CUSIP: 3132DWE66<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1472152 | PA      | $1417027.81   | 0.79%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DISH DBS Corp.                                                         | DISH DBS Corp.                                                                                  | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $16127.75     | 0.01%             | 2029-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Garda World Security Corp.                                             | Garda World Security Corp.                                                                      | CUSIP: 36485MAL3<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |     70000 | PA      | $56878.39     | 0.03%             | 2029-06-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Southwestern Energy Co.                                                | Southwestern Energy Co.                                                                         | CUSIP: 845467AT6<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |     45000 | PA      | $38456.55     | 0.02%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| American Axle & Manufacturing, Inc.                                    | American Axle & Manufacturing, Inc.                                                             | CUSIP: 02406PBB5<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |     40000 | PA      | $32250.90     | 0.02%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DoubleLine Floating Rate Fund                                          | DoubleLine Floating Rate Fund, Class I                                                          | CUSIP: 258620848<br>LEI: 5493004OMYPI8RQBET29 | Long             |  | RF                | US        |    512339 | NS      | $4544443.84   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods, Inc.                                            | Dick's Sporting Goods, Inc.                                                                     | CUSIP: 253393AG7<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |     40000 | PA      | $25787.08     | 0.01%             | 2052-01-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                   | JPMorgan Chase & Co.                                                                            | CUSIP: 46647PCU8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    175000 | PA      | $142432.89    | 0.08%             | 2033-01-25      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| CSMC Trust                                                             | CSMC Trust, Series 2020-NET, Class A                                                            | CUSIP: 126438AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    158326 | PA      | $141421.85    | 0.08%             | 2037-08-15      | Fixed         | 2.26%                 | Yes           |                  2 | On Loan: No      |
| Marlette Funding Trust                                                 | Marlette Funding Trust, Series 2019-4A, Class C                                                 | CUSIP: 57110AAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300325 | PA      | $294459.51    | 0.17%             | 2029-12-17      | Fixed         | 3.76%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                    | Citigroup Commercial Mortgage Trust, Series 2014-GC21, Class XA                                 | CUSIP: 17322MBB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2782156 | PA      | $31846.23     | 0.02%             | 2047-05-10      | Variable      | 1.12%                 | No            |                  2 | On Loan: No      |
| Pike Corp.                                                             | Pike Corp.                                                                                      | CUSIP: 721283AA7<br>LEI: 549300P4EKEP6HK0NC58 | Long             | DBT              | CORP              | US        |    125000 | PA      | $109280.00    | 0.06%             | 2028-09-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Acquisition Trust                                   | JP Morgan Mortgage Acquisition Trust, Series 2007-CH3, Class M2                                 | CUSIP: 46630XAH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1241832.75   | 0.70%             | 2037-03-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Textron, Inc.                                                          | Textron, Inc.                                                                                   | CUSIP: 883203CC3<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | DBT              | CORP              | US        |    270000 | PA      | $216064.06    | 0.12%             | 2031-03-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                   | FNMA, Series 2019-64, Class D                                                                   | CUSIP: 3136B7DM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    435308 | PA      | $377990.47    | 0.21%             | 2049-11-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                   | FNMA, Series 2018-33, Class A                                                                   | CUSIP: 3136B1YW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    661254 | PA      | $588664.06    | 0.33%             | 2048-05-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CSWF                                                                   | CSWF, Series 2018-TOP, Class F                                                                  | CUSIP: 12653BAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     86258 | PA      | $85389.38     | 0.05%             | 2035-08-15      | Floating      | 7.07%                 | Yes           |                  2 | On Loan: No      |
| MASTR Asset-Backed Securities Trust                                    | MASTR Asset-Backed Securities Trust, Series 2007-HE1, Class A3                                  | CUSIP: 576457AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1239223 | PA      | $1161705.18   | 0.65%             | 2037-05-25      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust                         | Morgan Stanley Residential Mortgage Loan Trust, Series 2020-RPL1, Class A1                      | CUSIP: 61771HAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    428486 | PA      | $411449.18    | 0.23%             | 2060-10-25      | Variable      | 2.69%                 | Yes           |                  2 | On Loan: No      |
| SRS Distribution, Inc.                                                 | SRS Distribution, Inc.                                                                          | CUSIP: 78471RAB2<br>LEI: 549300ZQ3XP75BCYM468 | Long             | DBT              | CORP              | US        |     65000 | PA      | $57620.56     | 0.03%             | 2028-07-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Gulf Stream Meridian 3 Ltd.                                            | Gulf Stream Meridian 3 Ltd., Series 2021-IIIA, Class A1                                         | CUSIP: 402512AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $489555.00    | 0.27%             | 2034-04-15      | Floating      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| Capital One Financial Corp.                                            | Capital One Financial Corp.                                                                     | CUSIP: 14040HCU7<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    135000 | PA      | $132220.26    | 0.07%             | 2026-07-24      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| Sunrun Atlas Issuer LLC                                                | Sunrun Atlas Issuer LLC, Series 2019-2, Class A                                                 | CUSIP: 86772FAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    457726 | PA      | $402708.63    | 0.23%             | 2055-02-01      | Fixed         | 3.61%                 | Yes           |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                               | Benchmark Mortgage Trust, Series 2021-B27, Class XA                                             | CUSIP: 08163HAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2001493 | PA      | $141040.22    | 0.08%             | 2054-07-15      | Variable      | 1.27%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                    | Citigroup Commercial Mortgage Trust, Series 2020-555, Class E                                   | CUSIP: 17328EAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    115000 | PA      | $83802.92     | 0.05%             | 2041-12-10      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                   | UMBS                                                                                            | CUSIP: 3140QKYB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1494353 | PA      | $1313306.48   | 0.74%             | 2051-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                                   | LoanCore Issuer Ltd., Series 2019-CRE2, Class AS                                                | CUSIP: 53946JAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    164269 | PA      | $163260.07    | 0.09%             | 2036-05-15      | Floating      | 5.82%                 | Yes           |                  2 | On Loan: No      |
| Movida Europe SA                                                       | Movida Europe SA                                                                                | CUSIP: N/A<br>LEI: 549300YRJE0V6QKU7C86       | Long             | DBT              | CORP              | LU        |    200000 | PA      | $149952.67    | 0.08%             | 2031-02-08      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| CSMC Trust                                                             | CSMC Trust, Series 2021-B33, Class A1                                                           | CUSIP: 12658WAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $84192.01     | 0.05%             | 2043-10-10      | Fixed         | 3.05%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                   | UMBS                                                                                            | CUSIP: 31418DRT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2809560 | PA      | $2479378.14   | 1.39%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                   | UMBS                                                                                            | CUSIP: 3138WLBF9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1043146 | PA      | $932071.24    | 0.52%             | 2047-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                               | JP Morgan Mortgage Trust, Series 2006-S1, Class 2A9                                             | CUSIP: 466247N82<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    356506 | PA      | $354343.64    | 0.20%             | 2036-04-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust                     | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2017-C33, Class XA                   | CUSIP: 61767CAW8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2434162 | PA      | $95308.88     | 0.05%             | 2050-05-15      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| CNX Resources Corp.                                                    | CNX Resources Corp.                                                                             | CUSIP: 12653CAK4<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |     35000 | PA      | $33547.15     | 0.02%             | 2031-01-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| CommScope, Inc.                                                        | CommScope, Inc.                                                                                 | CUSIP: 203372AX5<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |     55000 | PA      | $44341.00     | 0.02%             | 2029-09-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Southern Co. (The)                                                     | Southern Co. (The), Series A                                                                    | CUSIP: 842587DE4<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    150000 | PA      | $135378.48    | 0.08%             | 2030-04-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Welltower, Inc.                                                        | Welltower, Inc.                                                                                 | CUSIP: 95040QAN4<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |    175000 | PA      | $142133.18    | 0.08%             | 2029-01-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Empresas Publicas de Medellin ESP                                      | Empresas Publicas de Medellin ESP                                                               | CUSIP: N/A<br>LEI: 549300SU25TO8EMXB434       | Long             | DBT              | NUSS              | CO        |    200000 | PA      | $158750.00    | 0.09%             | 2029-07-18      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Air Lease Corp.                                                        | Air Lease Corp.                                                                                 | CUSIP: 00912XBA1<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    115000 | PA      | $109123.55    | 0.06%             | 2025-03-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DTE Energy Co.                                                         | DTE Energy Co.                                                                                  | CUSIP: 233331BD8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68806.39     | 0.04%             | 2024-11-01      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| Transocean Poseidon Ltd.                                               | Transocean Poseidon Ltd.                                                                        | CUSIP: 89383JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     65625 | PA      | $63861.00     | 0.04%             | 2027-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd.                                                | Rockford Tower CLO Ltd., Series 2017-3A, Class A                                                | CUSIP: 77341DAA5<br>LEI: 549300V5ZF7112UGSH89 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $493255.50    | 0.28%             | 2030-10-20      | Floating      | 5.43%                 | Yes           |                  2 | On Loan: No      |
| PMT Issuer Trust-FMSR                                                  | PMT Issuer Trust-FMSR, Series 2021-FT1, Class A                                                 | CUSIP: 69346MAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    850000 | PA      | $824484.53    | 0.46%             | 2026-03-25      | Floating      | 7.39%                 | Yes           |                  2 | On Loan: No      |
| Sunnova Helios V Issuer LLC                                            | Sunnova Helios V Issuer LLC, Series 2021-A, Class A                                             | CUSIP: 86746EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    424442 | PA      | $345407.22    | 0.19%             | 2048-02-20      | Fixed         | 1.80%                 | Yes           |                  2 | On Loan: No      |
| Freeport Indonesia PT                                                  | Freeport Indonesia PT                                                                           | CUSIP: 69377FAB2<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $183446.85    | 0.10%             | 2032-04-14      | Fixed         | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Brighthouse Financial Global Funding                                   | Brighthouse Financial Global Funding                                                            | CUSIP: 10921U2A5<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |     45000 | PA      | $42373.79     | 0.02%             | 2024-04-12      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| BANK                                                                   | BANK, Series 2020-BN30, Class XB                                                                | CUSIP: 06541UCC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3036000 | PA      | $133843.88    | 0.08%             | 2053-12-15      | Variable      | 0.72%                 | No            |                  2 | On Loan: No      |
| AdaptHealth LLC                                                        | AdaptHealth LLC                                                                                 | CUSIP: 00653VAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $80872.55     | 0.05%             | 2030-03-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                  | Wells Fargo Commercial Mortgage Trust, Series 2021-C59, Class XA                                | CUSIP: 95003CBU3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1666706 | PA      | $138085.12    | 0.08%             | 2054-04-15      | Variable      | 1.54%                 | No            |                  2 | On Loan: No      |
| Affirm Asset Securitization Trust                                      | Affirm Asset Securitization Trust, Series 2020-Z1, Class A                                      | CUSIP: 00832PAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     27696 | PA      | $27468.87     | 0.02%             | 2024-10-15      | Fixed         | 3.46%                 | Yes           |                  2 | On Loan: No      |
| AT&T, Inc.                                                             | AT&T, Inc.                                                                                      | CUSIP: 00206RKH4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    175000 | PA      | $137168.78    | 0.08%             | 2032-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                   | GNMA, Series 2019-84, Class SA                                                                  | CUSIP: 38381XCM6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4920999 | PA      | $85379.82     | 0.05%             | 2049-07-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Southwestern Energy Co.                                                | Southwestern Energy Co.                                                                         | CUSIP: 845467AR0<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |     40000 | PA      | $37082.40     | 0.02%             | 2029-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Option One Mortgage Loan Trust                                         | Option One Mortgage Loan Trust, Series 2006-1, Class M2                                         | CUSIP: 68389FKS2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2049000 | PA      | $1398879.14   | 0.78%             | 2036-01-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Inversiones La Construccion SA                                         | Inversiones La Construccion SA                                                                  | CUSIP: N/A<br>LEI: 254900IMQ8BOPW9UKX13       | Long             | DBT              | CORP              | CL        |    200000 | PA      | $162905.16    | 0.09%             | 2032-02-07      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| PennyMac Financial Services, Inc.                                      | PennyMac Financial Services, Inc.                                                               | CUSIP: 70932MAB3<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |     90000 | PA      | $70191.79     | 0.04%             | 2029-02-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| NXP BV                                                                 | NXP BV                                                                                          | CUSIP: 62954HAZ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $99744.03     | 0.06%             | 2026-06-18      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Entergy Louisiana LLC                                                  | Entergy Louisiana LLC                                                                           | CUSIP: 29364WBL1<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |     50000 | PA      | $44864.11     | 0.03%             | 2052-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States of America                                               | U.S. Treasury Bills                                                                             | CUSIP: 912796V48<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    830000 | PA      | $819178.75    | 0.46%             | 2023-04-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VMware, Inc.                                                           | VMware, Inc.                                                                                    | CUSIP: 928563AL9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    140000 | PA      | $106240.95    | 0.06%             | 2031-08-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Fertitta Entertainment LLC                                             | Fertitta Entertainment LLC                                                                      | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $60495.00     | 0.03%             | 2030-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Sirius XM Radio, Inc.                                                  | Sirius XM Radio, Inc.                                                                           | CUSIP: 82967NBC1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     85000 | PA      | $77586.30     | 0.04%             | 2029-07-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Bunge Ltd. Finance Corp.                                               | Bunge Ltd. Finance Corp.                                                                        | CUSIP: 120568BC3<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |     95000 | PA      | $77968.58     | 0.04%             | 2031-05-14      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| COLT Mortgage Loan Trust                                               | COLT Mortgage Loan Trust, Series 2022-4, Class A1                                               | CUSIP: 19685GAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    936159 | PA      | $894402.54    | 0.50%             | 2067-03-25      | Variable      | 4.30%                 | Yes           |                  2 | On Loan: No      |
| New Century Home Equity Loan Trust                                     | New Century Home Equity Loan Trust, Series 2006-1, Class A2C                                    | CUSIP: 64352VQS3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1317967.35   | 0.74%             | 2036-05-25      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                   | GNMA, Series 2022-61, Class EI                                                                  | CUSIP: 38383PQQ7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4173461 | PA      | $608910.47    | 0.34%             | 2051-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                                           | Verizon Communications, Inc.                                                                    | CUSIP: 92343VFR0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    285000 | PA      | $221113.95    | 0.12%             | 2031-01-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                  | FHLMC, Series 5198, Class KZ                                                                    | CUSIP: 3137H5LR6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2236943 | PA      | $1348648.61   | 0.76%             | 2052-02-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp.                                                      | BAT Capital Corp.                                                                               | CUSIP: 05526DBS3<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    185000 | PA      | $144340.19    | 0.08%             | 2031-03-25      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                             | UMBS                                                                                            | CUSIP: 3132DMJA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1679491 | PA      | $1485252.04   | 0.83%             | 2050-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                                            | Toronto-Dominion Bank (The)                                                                     | CUSIP: 89115A2H4<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    220000 | PA      | $217485.79    | 0.12%             | 2027-09-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                   | UMBS                                                                                            | CUSIP: 3140XCDV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1516825 | PA      | $1303246.77   | 0.73%             | 2051-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                           | Oracle Corp.                                                                                    | CUSIP: 68389XBX2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    160000 | PA      | $107722.67    | 0.06%             | 2050-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                                              | Bank of Nova Scotia (The)                                                                       | CUSIP: 06417XAH4<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    255000 | PA      | $245396.04    | 0.14%             | 2025-04-11      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                           | Oracle Corp.                                                                                    | CUSIP: 68389XCJ2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15699.31     | 0.01%             | 2032-11-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| UPL Corp. Ltd.                                                         | UPL Corp. Ltd.                                                                                  | CUSIP: N/A<br>LEI: 213800AQLATW4WEEH674       | Long             | DBT              | CORP              | MU        |    200000 | PA      | $155714.86    | 0.09%             | 2030-06-16      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Ecopetrol SA                                                           | Ecopetrol SA                                                                                    | CUSIP: 279158AQ2<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | NUSS              | CO        |    200000 | PA      | $134504.45    | 0.08%             | 2051-11-02      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                      | Wells Fargo & Co.                                                                               | CUSIP: 95000U3A9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58601.78     | 0.03%             | 2028-07-25      | Variable      | 4.81%                 | No            |                  2 | On Loan: No      |
| AthenaHealth Group, Inc.                                               | AthenaHealth Group, Inc.                                                                        | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |     75000 | PA      | $55269.91     | 0.03%             | 2030-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Chase Mortgage Finance Trust                                           | Chase Mortgage Finance Trust, Series 2007-S5, Class 1A10                                        | CUSIP: 161631AK2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1548151 | PA      | $748502.22    | 0.42%             | 2037-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                                     | General Motors Financial Co., Inc.                                                              | CUSIP: 37045XDS2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     90000 | PA      | $70518.76     | 0.04%             | 2032-01-12      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Cedar Fair LP                                                          | Cedar Fair LP                                                                                   | CUSIP: 150190AE6<br>LEI: 549300TUVLNQQ6BVKH61 | Long             | DBT              | CORP              | US        |     40000 | PA      | $35921.96     | 0.02%             | 2029-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC                                      | Alliant Holdings Intermediate LLC                                                               | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $35954.40     | 0.02%             | 2027-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                   | FNMA                                                                                            | CUSIP: 3140LDLA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1300000 | PA      | $1014008.02   | 0.57%             | 2033-09-01      | Fixed         | 1.96%                 | No            |                  2 | On Loan: No      |
| United States of America                                               | U.S. Treasury Notes                                                                             | CUSIP: 91282CFX4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    890000 | PA      | $890034.76    | 0.50%             | 2024-11-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HSI Asset Securitization Corp. Trust                                   | HSI Asset Securitization Corp. Trust, Series 2007-NC1, Class A3                                 | CUSIP: 40430TAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    448477 | PA      | $308864.68    | 0.17%             | 2037-04-25      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| GTCR AP Finance, Inc.                                                  | GTCR AP Finance, Inc.                                                                           | CUSIP: 40060QAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $86209.20     | 0.05%             | 2027-05-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Ferrellgas LP                                                          | Ferrellgas LP                                                                                   | CUSIP: 315289AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $31837.65     | 0.02%             | 2026-04-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                  | FHLMC, Series 5004, Class LS                                                                    | CUSIP: 3137FVB92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3003749 | PA      | $370487.75    | 0.21%             | 2050-07-25      | Floating      | 1.76%                 | No            |                  2 | On Loan: No      |
| Brown & Brown, Inc.                                                    | Brown & Brown, Inc.                                                                             | CUSIP: 115236AC5<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    130000 | PA      | $98908.38     | 0.06%             | 2031-03-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                  | FHLMC                                                                                           | CUSIP: 3132XSEH9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1486362 | PA      | $1379784.08   | 0.77%             | 2047-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Scotiabank Peru SAA                                                    | Scotiabank Peru SAA                                                                             | CUSIP: N/A<br>LEI: 5493001E54CPRG5J5Q41       | Long             | SN               | CORP              | PE        |     50000 | PA      | $49338.00     | 0.03%             | 2027-12-13      | Floating      | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Calpine Corp.                                                          | Calpine Corp.                                                                                   | CUSIP: 131347CP9<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |     30000 | PA      | $25741.62     | 0.01%             | 2029-02-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Renaissance Home Equity Loan Trust                                     | Renaissance Home Equity Loan Trust, Series 2007-1, Class AF4                                    | CUSIP: 75970JAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2781357 | PA      | $842377.10    | 0.47%             | 2037-04-25      | Variable      | 5.76%                 | No            |                  2 | On Loan: No      |
| BCPE Empire Holdings, Inc.                                             | BCPE Empire Holdings, Inc.                                                                      | CUSIP: 05552VAA0<br>LEI: 549300O2G0VI2955B626 | Long             | DBT              | CORP              | US        |     60000 | PA      | $53806.80     | 0.03%             | 2027-05-01      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Medline Borrower LP                                                    | Medline Borrower LP                                                                             | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |     95000 | PA      | $75455.65     | 0.04%             | 2029-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                   | JPMorgan Chase & Co.                                                                            | CUSIP: 46647PDG8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68234.84     | 0.04%             | 2028-07-25      | Variable      | 4.85%                 | No            |                  2 | On Loan: No      |
| Generate CLO 9 Ltd.                                                    | Generate CLO 9 Ltd., Series 9A, Class A                                                         | CUSIP: 37147LAA7<br>LEI: 549300OYEZ11WGJ2SS19 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $482070.00    | 0.27%             | 2034-10-20      | Floating      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| AbbVie, Inc.                                                           | AbbVie, Inc.                                                                                    | CUSIP: 00287YCV9<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49228.24     | 0.03%             | 2024-06-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                                | American Airlines, Inc.                                                                         | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $169081.83    | 0.09%             | 2029-04-20      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Frontier Communications Holdings LLC                                   | Frontier Communications Holdings LLC                                                            | CUSIP: 35906ABF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $26160.60     | 0.01%             | 2028-05-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Frontier Communications Holdings LLC                                   | Frontier Communications Holdings LLC                                                            | CUSIP: 35908MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $35350.77     | 0.02%             | 2030-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Alternative Loan Trust                                                 | Alternative Loan Trust, Series 2005-64CB, Class 1A12                                            | CUSIP: 12668AZX6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1026171 | PA      | $876559.76    | 0.49%             | 2035-12-25      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| BANK                                                                   | BANK, Series 2018-BN10, Class XA                                                                | CUSIP: 065404BF1<br>LEI: 549300GL0Y86051URC66 | Long             | ABS-MBS          | CORP              | US        |   2764893 | PA      | $78592.35     | 0.04%             | 2061-02-15      | Variable      | 0.69%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Trust                                              | Commercial Mortgage Trust, Series 2015-CR23, Class C                                            | CUSIP: 12593ABE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    407000 | PA      | $371717.29    | 0.21%             | 2048-05-10      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co. LP                                            | Penske Truck Leasing Co. LP                                                                     | CUSIP: 709599AX2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $79751.83     | 0.04%             | 2027-04-01      | Fixed         | 4.20%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                   | FNMA ACES, Series 2022-M5, Class X                                                              | CUSIP: 3136BLP20<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  13031000 | PA      | $522024.47    | 0.29%             | 2034-01-01      | Variable      | 0.62%                 | No            |                  2 | On Loan: No      |
| CWABS Asset-Backed Certificates Trust                                  | CWABS Asset-Backed Certificates Trust, Series 2007-BC3, Class 2A3                               | CUSIP: 23246LAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         0 | PA      | $0.09         | 0.00%             | 2047-11-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| Cemex SAB de CV                                                        | Cemex SAB de CV                                                                                 | CUSIP: N/A<br>LEI: 549300RIG2CXWN6IV731       | Long             | DBT              | CORP              | MX        |    200000 | PA      | $184802.00    | 0.10%             | 2026-06-08      | Variable      | 5.12%                 | Yes           |                  2 | On Loan: No      |
| United Natural Foods, Inc.                                             | United Natural Foods, Inc.                                                                      | CUSIP: 911163AA1<br>LEI: 549300GKGW6WPZ282D40 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43237.13     | 0.02%             | 2028-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                   | GNMA, Series 2021-129                                                                           | CUSIP: 38381DUB4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5464305 | PA      | $398689.93    | 0.22%             | 2063-06-16      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| Hilcorp Energy I LP                                                    | Hilcorp Energy I LP                                                                             | CUSIP: 431318AU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $53404.00     | 0.03%             | 2029-02-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                               | U.S. Treasury Notes                                                                             | CUSIP: 91282CFY2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    660000 | PA      | $655565.63    | 0.37%             | 2029-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Upstart Pass-Through Trust                                             | Upstart Pass-Through Trust, Series 2021-ST3, Class A                                            | CUSIP: 91681PAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    208291 | PA      | $195251.18    | 0.11%             | 2027-05-20      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| Commercial Mortgage Trust                                              | Commercial Mortgage Trust, Series 2014-CR20, Class XA                                           | CUSIP: 12592LBK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5367575 | PA      | $71284.08     | 0.04%             | 2047-11-10      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| NCL Corp. Ltd.                                                         | NCL Corp. Ltd.                                                                                  | CUSIP: 62886HBE0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     45000 | PA      | $38983.50     | 0.02%             | 2027-02-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Republic of South Africa                                               | Republic of South Africa                                                                        | CUSIP: 836205AU8<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    200000 | PA      | $178000.00    | 0.10%             | 2028-10-12      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| GCAT Trust                                                             | GCAT Trust, Series 2019-NQM3, Class M1                                                          | CUSIP: 36167VAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $537014.66    | 0.30%             | 2059-11-25      | Variable      | 3.45%                 | Yes           |                  2 | On Loan: No      |
| Premier Entertainment Sub LLC                                          | Premier Entertainment Sub LLC                                                                   | CUSIP: 74052HAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $36870.00     | 0.02%             | 2029-09-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                                   | BBCMS Mortgage Trust, Series 2020-C6, Class XA                                                  | CUSIP: 05492TAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1976771 | PA      | $102975.52    | 0.06%             | 2053-02-15      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                           | Hess Midstream Operations LP                                                                    | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $72668.28     | 0.04%             | 2030-02-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Republic of Panama                                                     | Republic of Panama                                                                              | CUSIP: 698299BN3<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    200000 | PA      | $148101.08    | 0.08%             | 2032-09-29      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** Nationwide Variable Insurance Trust

**Signature:** David Majewski

**Name of Signer:** David Majewski

**Title:** Treasurer