# EDGAR Filing Document

**Accession Number:** 0002042316
**File Stem:** 0001752724-25-161310
**Filing Date:** 2025-6
**Character Count:** 82920
**Document Hash:** a1f2194cd12da0e9bd3e89778e671e9c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-161310.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001752724-25-161310

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Victory Portfolios IV
- **CENTRAL INDEX KEY:** 0002042316

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24019
- **FILM NUMBER:** 251083152

**BUSINESS ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256
- **BUSINESS PHONE:** (210) 697-3624

**MAIL ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256

## Series and Classes Contracts Data

### Victory Pioneer CAT Bond Fund (Series ID: S000089751)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000256461 | Class A      | ACBAX           |
| C000256463 | Class R6     | ACBKX           |
| C000256464 | Class Y      | CBYYX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Victory Portfolios IV

- **b. Investment Company Act file number:** 811-24019

- **c. CIK number of Registrant:** 0002042316

- **d. LEI of Registrant:** 25490054DPU07WNNLY79

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

  - **Street Address 1:** 15935 LA CANTERA PARKWAY

  - **City:** SAN ANTONIO

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 210-697-3624

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

- **a. Name of Series:** Victory Pioneer CAT Bond Fund

- **b. EDGAR series identifier (if any):** S000089751

- **c. LEI of Series:** 549300CRZGNF14YZM876

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $909336341.40

**Total Liabilities:** $9046429.02

**Net Assets:** $900289912.38

**Cash Not Reported:** $58547651.77

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** -9156.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000256461 | 0.64%                | 0.46%                | 0.36%                |
| Class ID C000256463 | 0.55%                | 0.55%                | 0.37%                |
| Class ID C000256464 | 0.55%                | 0.55%                | 0.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3771.32                | $-236535.32                                |
| Month 2  | $30500.00                | $-697752.55                                |
| Month 3  | $0.00                    | $-1708536.69                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GOLDMAN SACHS & CO. LLC     | USD/EUR FORWARD                                     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-231555.28   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP     | International Bank for Reconstruction & Development | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | N/A       |    250000 | PA      | $253625.00    | 0.03%             | 2026-03-31      | Floating      | 9.08%                 | Yes           |                  2 | On Loan: No      |
| VERAISON RE LTD             | Veraison Re Ltd                                     | CUSIP: 92335TAE9<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |   1250000 | PA      | $1243125.00   | 0.14%             | 2028-03-08      | Floating      | 9.28%                 | Yes           |                  2 | On Loan: No      |
| MONTOYA RE LTD              | Montoya Re Ltd                                      | CUSIP: 613752AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5750000 | PA      | $5683875.00   | 0.63%             | 2028-04-07      | Floating      | 10.03%                | Yes           |                  2 | On Loan: No      |
| TORREY PINES RE LTD         | Torrey Pines Re Ltd                                 | CUSIP: 89141WAN2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6250000 | PA      | $6249977.50   | 0.69%             | 2028-06-07      | Floating      | 10.78%                | Yes           |                  2 | On Loan: No      |
| FLOODSMART RE LTD           | FloodSmart Re Ltd                                   | CUSIP: 33975CAM7<br>LEI: 549300KK1LNVFW95S875 | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $984600.00    | 0.11%             | 2026-03-11      | Floating      | 21.43%                | Yes           |                  2 | On Loan: No      |
| SILK ROAD RE LTD            | Silk Road Re Ltd                                    | CUSIP: 000000000<br>LEI: 984500F112D01CD7CD97 | Long             | DBT              | CORP              | HK        |   2000000 | PA      | $1990000.00   | 0.22%             | 2028-01-10      | Floating      | 10.28%                | Yes           |                  3 | On Loan: No      |
| LOGISTICS RE LTD            | Logistics Re Ltd                                    | CUSIP: 54143LAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5500000 | PA      | $5588550.00   | 0.62%             | 2027-12-21      | Floating      | 10.28%                | Yes           |                  2 | On Loan: No      |
| LOWER FERRY RE LTD          | Lower Ferry Re Ltd                                  | CUSIP: 547915AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1900000 | PA      | $1930210.00   | 0.21%             | 2026-07-08      | Floating      | 9.55%                 | Yes           |                  2 | On Loan: No      |
| 3264 RE LTD                 | 3264 re Ltd                                         | CUSIP: 88577CAF8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   7000000 | PA      | $7009800.00   | 0.78%             | 2028-02-07      | Floating      | 7.28%                 | Yes           |                  2 | On Loan: No      |
| CAPE LOOKOUT RE LTD         | Cape Lookout Re Ltd                                 | CUSIP: 13947LAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   8000000 | PA      | $8032000.00   | 0.89%             | 2028-03-13      | Floating      | 11.18%                | Yes           |                  2 | On Loan: No      |
| MERNA REINSURANCE II LTD    | Merna Reinsurance II Ltd                            | CUSIP: 59013MAK8<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |   1275000 | PA      | $1327020.00   | 0.15%             | 2027-07-07      | Floating      | 11.53%                | Yes           |                  2 | On Loan: No      |
| SOLOMON RE LTD              | Solomon Re Ltd                                      | CUSIP: 83427GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6800000 | PA      | $6956400.00   | 0.77%             | 2026-06-08      | Floating      | 9.80%                 | Yes           |                  2 | On Loan: No      |
| RESIDENTIAL REIN 2024       | Residential Reinsurance 2004 Ltd                    | CUSIP: 76112AAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   8000000 | PA      | $8398400.00   | 0.93%             | 2028-12-06      | Floating      | 17.53%                | Yes           |                  2 | On Loan: No      |
| WINSTON RE LTD              | Winston RE Ltd                                      | CUSIP: 975660AC5<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |  12500000 | PA      | $12476250.00  | 1.39%             | 2028-02-21      | Floating      | 10.78%                | Yes           |                  2 | On Loan: No      |
| GATEWAY RE LTD              | Gateway Re Ltd                                      | CUSIP: 36779CAG1<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |    750000 | PA      | $745875.00    | 0.08%             | 2027-07-08      | Floating      | 9.78%                 | Yes           |                  2 | On Loan: No      |
| TOMONI RE PTE LTD           | Tomoni Re Pte Ltd                                   | CUSIP: 89009PAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1496250.00   | 0.17%             | 2026-04-07      | Floating      | 7.03%                 | Yes           |                  2 | On Loan: No      |
| ALAMO RE LTD                | Alamo Re Ltd                                        | CUSIP: 011395AH3<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $501750.00    | 0.06%             | 2025-06-07      | Floating      | 11.80%                | Yes           |                  2 | On Loan: No      |
| CITRUS RE LTD               | Citrus Re Ltd                                       | CUSIP: 177510AN4<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |   4250000 | PA      | $4474825.00   | 0.50%             | 2027-06-07      | Floating      | 13.53%                | Yes           |                  2 | On Loan: No      |
| GATEWAY RE LTD              | Gateway Re Ltd                                      | CUSIP: 36779CAF3<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |   5250000 | PA      | $5241075.00   | 0.58%             | 2026-07-08      | Floating      | 14.28%                | Yes           |                  2 | On Loan: No      |
| ATLAS CAPITAL DAC           | Atlas Capital DAC                                   | CUSIP: 049207AC7<br>LEI: 635400CBPJFGGWD2AH20 | Long             | DBT              | CORP              | IE        |   5000000 | PA      | $4992500.00   | 0.55%             | 2028-06-07      | Floating      | 4.85%                 | Yes           |                  2 | On Loan: No      |
| INTEGRITY RE III            | Integrity RE III Ltd                                | CUSIP: 45870GAC0<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |   3750000 | PA      | $3711000.00   | 0.41%             | 2027-06-06      | Floating      | 14.03%                | Yes           |                  2 | On Loan: No      |
| PHOENIX 3 RE PTE LTD        | Phoenix 3 RE Pte Ltd                                | CUSIP: 000000000<br>LEI: 254900KZ3HFPS3H5FZ50 | Long             | DBT              | CORP              | SG        |   5000000 | PA      | $5065000.00   | 0.56%             | 2039-01-04      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| NAKAMA RE PTE LTD           | Nakama Re Pte Ltd                                   | CUSIP: 62984JAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   2000000 | PA      | $1998000.00   | 0.22%             | 2030-04-23      | Floating      | 6.38%                 | Yes           |                  2 | On Loan: No      |
| RESIDENTIAL RE 21 LTD       | Residential Reinsurance 2021 Ltd                    | CUSIP: 76114NAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    500000 | PA      | $487400.00    | 0.05%             | 2025-12-06      | Floating      | 10.33%                | Yes           |                  2 | On Loan: No      |
| AILSA RE 2024               | AILSA RE 2024                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4992000 | PA      | $5172218.53   | 0.57%             | 2029-05-31      | Floating      | 0.01%                 | Yes           |                  3 | On Loan: No      |
| PI0051-CHELTENHAM RE 2024   | PI0051-CHELTENHAM RE 2024                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2500000 | PA      | $2615976.13   | 0.29%             | 2030-05-31      | Floating      | 0.01%                 | Yes           |                  3 | On Loan: No      |
| ACORN RE LTD                | Acorn Re Ltd                                        | CUSIP: 00485YAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   9250000 | PA      | $9270350.00   | 1.03%             | 2025-11-07      | Floating      | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Mangrove 2024-G             | Mangrove 2024-G                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2811750 | PA      | $264866.85    | 0.03%             | 2030-05-31      | Floating      | 0.01%                 | Yes           |                  3 | On Loan: No      |
| SUTTER RE LTD               | Sutter Re Ltd                                       | CUSIP: 86944RAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   7000000 | PA      | $7301700.00   | 0.81%             | 2026-06-19      | Floating      | 14.03%                | Yes           |                  2 | On Loan: No      |
| WINSTON RE LTD              | Winston RE Ltd                                      | CUSIP: 975660AB7<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $520600.00    | 0.06%             | 2027-02-26      | Floating      | 16.03%                | Yes           |                  2 | On Loan: No      |
| RESIDENTIAL REIN 2024       | Residential Reinsurance 2004 Ltd                    | CUSIP: 76112AAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   9500000 | PA      | $9608300.00   | 1.07%             | 2028-12-06      | Floating      | 11.28%                | Yes           |                  2 | On Loan: No      |
| TOPANGA RE LIMITED          | Topanga Re Ltd                                      | CUSIP: 89055TAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1650000 | PA      | $1590600.00   | 0.18%             | 2026-01-08      | Floating      | 9.33%                 | Yes           |                  2 | On Loan: No      |
| MERNA REINSURANCE II LTD    | Merna Reinsurance II Ltd                            | CUSIP: 59013MAL6<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $2056000.00   | 0.23%             | 2027-07-07      | Floating      | 13.03%                | Yes           |                  2 | On Loan: No      |
| HERBIE RE LTD               | Herbie Re Ltd                                       | CUSIP: 42703VAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1436400.00   | 0.16%             | 2028-01-08      | Floating      | 13.28%                | Yes           |                  2 | On Loan: No      |
| MATTERHORN RE LTD           | Matterhorn Re Ltd                                   | CUSIP: 577092AX7<br>LEI: 549300QRZ77PO1BYWT39 | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $1996000.00   | 0.22%             | 2028-02-04      | Floating      | 16.53%                | Yes           |                  2 | On Loan: No      |
| CITRUS RE LTD               | Citrus Re Ltd                                       | CUSIP: 177510AM6<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |    750000 | PA      | $776700.00    | 0.09%             | 2026-06-07      | Floating      | 13.05%                | Yes           |                  2 | On Loan: No      |
| ATLAS CAPITAL DAC           | Atlas Capital DAC                                   | CUSIP: 049207AB9<br>LEI: 635400CBPJFGGWD2AH20 | Long             | DBT              | CORP              | IE        |   3000000 | PA      | $3351600.00   | 0.37%             | 2027-06-08      | Floating      | 16.85%                | Yes           |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP     | International Bank for Reconstruction & Development | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | N/A       |   2000000 | PA      | $2030600.00   | 0.23%             | 2028-04-24      | Floating      | 18.04%                | Yes           |                  2 | On Loan: No      |
| AQUILA RE LTD 2023-1        | Aquila Re I Ltd Series 2023-1                       | CUSIP: 037987AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2250000 | PA      | $2284875.00   | 0.25%             | 2027-06-07      | Floating      | 9.78%                 | Yes           |                  2 | On Loan: No      |
| URSA RE LTD                 | Ursa Re Ltd                                         | CUSIP: 90323WAN0<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |   4250000 | PA      | $4465475.00   | 0.50%             | 2026-12-07      | Floating      | 13.53%                | Yes           |                  2 | On Loan: No      |
| RESIDENTIAL RE 21 LTD       | Residential Reinsurance 2021 Ltd                    | CUSIP: 76114NAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2500000 | PA      | $2345000.00   | 0.26%             | 2025-12-06      | Floating      | 16.30%                | Yes           |                  2 | On Loan: No      |
| ACORN RE LTD                | Acorn Re Ltd                                        | CUSIP: 00485YAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5750000 | PA      | $5798875.00   | 0.64%             | 2027-11-05      | Floating      | 7.38%                 | Yes           |                  2 | On Loan: No      |
| INTEGRITY RE III            | Integrity RE III Ltd                                | CUSIP: 45870GAD8<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |   4250000 | PA      | $4208350.00   | 0.47%             | 2028-06-06      | Floating      | 14.03%                | Yes           |                  2 | On Loan: No      |
| WINSTON RE LTD              | Winston RE Ltd                                      | CUSIP: 975660AA9<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |   2250000 | PA      | $2360250.00   | 0.26%             | 2027-02-26      | Floating      | 14.53%                | Yes           |                  2 | On Loan: No      |
| METROCAT RE LTD             | MetroCat Re Ltd                                     | CUSIP: 59165HAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $2003200.00   | 0.22%             | 2026-05-08      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| LOWER FERRY RE LTD          | Lower Ferry Re Ltd                                  | CUSIP: 547915AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2500000 | PA      | $2535500.00   | 0.28%             | 2026-07-08      | Floating      | 8.71%                 | Yes           |                  2 | On Loan: No      |
| MERNA REINSURANCE II LTD    | Merna Reinsurance II Ltd                            | CUSIP: 59013MAM4<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |   5000000 | PA      | $5078000.00   | 0.56%             | 2027-07-07      | Floating      | 12.78%                | Yes           |                  2 | On Loan: No      |
| SANDERS RE II LTD           | Sanders RE II Ltd                                   | CUSIP: 80001RAB7<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |  18000000 | PA      | $17955000.00  | 1.99%             | 2029-04-07      | Floating      | 9.53%                 | Yes           |                  2 | On Loan: No      |
| SUTTER RE LTD               | Sutter Re Ltd                                       | CUSIP: 86944RAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1760000 | PA      | $1805584.00   | 0.20%             | 2026-06-19      | Floating      | 11.03%                | Yes           |                  2 | On Loan: No      |
| HYPATIA LTD                 | Hypatia Ltd                                         | CUSIP: 44914CAC0<br>LEI: 98450041F85DB4C2C372 | Long             | DBT              | CORP              | BM        |   2100000 | PA      | $2180640.00   | 0.24%             | 2026-04-08      | Floating      | 14.78%                | Yes           |                  2 | On Loan: No      |
| TORREY PINES RE LTD         | Torrey Pines Re Ltd                                 | CUSIP: 89141WAH5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $519850.00    | 0.06%             | 2027-06-07      | Floating      | 10.28%                | Yes           |                  2 | On Loan: No      |
| 3264 RE LTD                 | 3264 re Ltd                                         | CUSIP: 88577CAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $527700.00    | 0.06%             | 2027-07-08      | Floating      | 22.28%                | Yes           |                  2 | On Loan: No      |
| ATLAS CAPITAL DAC           | Atlas Capital DAC                                   | CUSIP: 049207AA1<br>LEI: 635400CBPJFGGWD2AH20 | Long             | DBT              | CORP              | IE        |   2150000 | PA      | $2218370.00   | 0.25%             | 2026-06-05      | Floating      | 12.00%                | Yes           |                  2 | On Loan: No      |
| CITRUS RE LTD               | Citrus Re Ltd                                       | CUSIP: 177510AP9<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |   4500000 | PA      | $4760100.00   | 0.53%             | 2027-06-07      | Floating      | 14.78%                | Yes           |                  2 | On Loan: No      |
| NATURE COAST RE LTD         | Nature Coast Re Ltd                                 | CUSIP: 63901CAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3500000 | PA      | $3488100.00   | 0.39%             | 2029-04-10      | Floating      | 14.03%                | Yes           |                  2 | On Loan: No      |
| PALM RE LTD                 | Palm RE Ltd                                         | CUSIP: 69664FAA6<br>LEI: 984500D3C66DA10DAP11 | Long             | DBT              | CORP              | BM        |  10000000 | PA      | $10491000.00  | 1.17%             | 2027-06-07      | Floating      | 13.78%                | Yes           |                  2 | On Loan: No      |
| AQUILA RE LTD 2024-1        | Aquila Re I Ltd Series 2024-1                       | CUSIP: 037987AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3750000 | PA      | $3872250.00   | 0.43%             | 2027-06-07      | Floating      | 13.28%                | Yes           |                  2 | On Loan: No      |
| MAYFLOWER RE LTD            | Mayflower Re Ltd                                    | CUSIP: 57839MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1750000 | PA      | $1771875.00   | 0.20%             | 2026-07-08      | Floating      | 4.69%                 | Yes           |                  2 | On Loan: No      |
| INTEGRITY RE III            | Integrity RE III Ltd                                | CUSIP: 45870GAE6<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |  10000000 | PA      | $9978000.00   | 1.11%             | 2028-06-06      | Floating      | 16.53%                | Yes           |                  2 | On Loan: No      |
| SANDERS RE II LTD           | Sanders RE II Ltd                                   | CUSIP: 80001RAA9<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |  12575000 | PA      | $12366255.00  | 1.37%             | 2029-04-07      | Floating      | 8.28%                 | Yes           |                  2 | On Loan: No      |
| 3264 RE LTD                 | 3264 re Ltd                                         | CUSIP: 88577CAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1250000 | PA      | $1315250.00   | 0.15%             | 2027-07-08      | Floating      | 11.28%                | Yes           |                  2 | On Loan: No      |
| OAKMONT RE 2024             | OAKMONT RE 2024                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $38487.60     | 0.00%             | 2030-04-01      | Floating      | 0.01%                 | Yes           |                  3 | On Loan: No      |
| LOCKE TAVERN RE LTD         | Locke Tavern Re Ltd                                 | CUSIP: 539694AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1150000 | PA      | $1162075.00   | 0.13%             | 2026-04-09      | Floating      | 9.06%                 | Yes           |                  2 | On Loan: No      |
| YOSEMITE RE LTD             | Yosemite Re Ltd                                     | CUSIP: 98740RAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $998400.00    | 0.11%             | 2028-06-07      | Floating      | 11.53%                | Yes           |                  2 | On Loan: No      |
| URSA RE LTD                 | Ursa Re Ltd                                         | CUSIP: 90323WAP5<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |   1750000 | PA      | $1815625.00   | 0.20%             | 2026-12-07      | Floating      | 9.78%                 | Yes           |                  2 | On Loan: No      |
| LIGHTNING RE SERIES 2023    | Lightning Re Series 2023-1                          | CUSIP: 532242AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  17550000 | PA      | $18023850.00  | 2.00%             | 2026-03-31      | Floating      | 15.28%                | Yes           |                  2 | On Loan: No      |
| ALAMO RE LTD                | Alamo Re Ltd                                        | CUSIP: 011395AQ3<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |   3000000 | PA      | $3119700.00   | 0.35%             | 2026-06-07      | Floating      | 15.53%                | Yes           |                  2 | On Loan: No      |
| INTEGRITY RE III            | Integrity RE III Ltd                                | CUSIP: 45870GAF3<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |   1250000 | PA      | $1223375.00   | 0.14%             | 2027-06-06      | Floating      | 29.78%                | Yes           |                  2 | On Loan: No      |
| STABILITAS RE LTD           | Stabilitas Re Ltd                                   | CUSIP: 85237TAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3900000 | PA      | $4022070.00   | 0.45%             | 2026-06-05      | Floating      | 12.78%                | Yes           |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP     | International Bank for Reconstruction & Development | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | N/A       |   1500000 | PA      | $1584450.00   | 0.18%             | 2028-04-24      | Floating      | 16.53%                | Yes           |                  2 | On Loan: No      |
| GAMBOGE RE 2025             | GAMBOGE RE 2025                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  18000000 | PA      | $15654047.29  | 1.74%             | 2031-03-31      | Floating      | 0.01%                 | Yes           |                  3 | On Loan: No      |
| TORREY PINES RE LTD         | Torrey Pines Re Ltd                                 | CUSIP: 89141WAJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    325000 | PA      | $339820.00    | 0.04%             | 2027-06-07      | Floating      | 11.53%                | Yes           |                  2 | On Loan: No      |
| LONGLEAF PINE RE LTD        | Longleaf Pine Re Ltd                                | CUSIP: 54307MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4000000 | PA      | $4183600.00   | 0.46%             | 2027-05-25      | Floating      | 21.78%                | Yes           |                  2 | On Loan: No      |
| BLUE RIDGE RE LTD           | Blue Ridge Re Ltd                                   | CUSIP: 096003AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $512250.00    | 0.06%             | 2027-01-08      | Floating      | 7.99%                 | Yes           |                  2 | On Loan: No      |
| FUCHSIA 2024-1 LONDON BR    | Fuchsia 2024-1 - London Bridge 2 PCC Ltd            | CUSIP: 541917AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   9000000 | PA      | $9036000.00   | 1.00%             | 2028-04-06      | Floating      | 9.28%                 | Yes           |                  2 | On Loan: No      |
| VITALITY RE XV LTD          | Vitality Re XV Ltd                                  | CUSIP: 92847CAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $1019700.00   | 0.11%             | 2028-01-07      | Floating      | 6.78%                 | Yes           |                  2 | On Loan: No      |
| TORREY PINES RE LTD         | Torrey Pines Re Ltd                                 | CUSIP: 89141WAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   8125000 | PA      | $8302125.00   | 0.92%             | 2026-06-05      | Floating      | 9.50%                 | Yes           |                  2 | On Loan: No      |
| GENESEE STREET RE LTD       | Genesee Street Re Ltd                               | CUSIP: 37173WAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   7500000 | PA      | $7500000.00   | 0.83%             | 2028-04-07      | Floating      | 7.53%                 | Yes           |                  2 | On Loan: No      |
| CITRUS RE LTD               | Citrus Re Ltd                                       | CUSIP: 177510AR5<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |   1750000 | PA      | $1741600.00   | 0.19%             | 2028-06-07      | Floating      | 8.78%                 | Yes           |                  2 | On Loan: No      |
| FOUR LAKES RE LTD           | Four Lakes Re Ltd                                   | CUSIP: 35087TAD0<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $251925.00    | 0.03%             | 2026-01-07      | Floating      | 10.74%                | Yes           |                  2 | On Loan: No      |
| RIVERFRONT RE LTD           | Riverfront Re Ltd                                   | CUSIP: 76870YAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1499855.70   | 0.17%             | 2029-01-08      | Floating      | 12.03%                | Yes           |                  2 | On Loan: No      |
| TITANIA RE LTD              | Titania RE Ltd                                      | CUSIP: 888329AF6<br>LEI: 5493008E73M6FH2NSB56 | Long             | DBT              | CORP              | BM        |   3750000 | PA      | $3758250.00   | 0.42%             | 2027-11-26      | Floating      | 13.78%                | Yes           |                  2 | On Loan: No      |
| PURPLE RE LTD               | Purple Re Ltd                                       | CUSIP: 74639NAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1555800.00   | 0.17%             | 2026-06-05      | Floating      | 14.78%                | Yes           |                  2 | On Loan: No      |
| 2001 CAT RE LTD             | 2001 Cat RE Ltd                                     | CUSIP: 90215BAB3<br>LEI: 5493007NG10QO60NSO35 | Long             | DBT              | CORP              | BM        |   9250000 | PA      | $9620000.00   | 1.07%             | 2027-01-08      | Floating      | 17.32%                | Yes           |                  2 | On Loan: No      |
| LAPIS LONDON BRIDGE 2       | Lapis London Bridge 2 PCC Ltd                       | CUSIP: 54180CAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   2500000 | PA      | $2499000.00   | 0.28%             | 2029-01-09      | Floating      | 11.78%                | Yes           |                  2 | On Loan: No      |
| SANDERS RE III LTD          | Sanders Re III Ltd                                  | CUSIP: 799925AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1037100.00   | 0.12%             | 2026-06-05      | Floating      | 12.42%                | Yes           |                  2 | On Loan: No      |
| FOUNDATION RE IV LTD        | Foundation Re IV Ltd                                | CUSIP: 349939AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5250000 | PA      | $5301975.00   | 0.59%             | 2027-01-08      | Floating      | 10.53%                | Yes           |                  2 | On Loan: No      |
| MARLON LTD                  | Marlon Ltd                                          | CUSIP: 571253AA1<br>LEI: 98450044CD0YE4DAFC06 | Long             | DBT              | CORP              | BM        |    750000 | PA      | $767550.00    | 0.09%             | 2027-06-07      | Floating      | 11.28%                | Yes           |                  2 | On Loan: No      |
| SANDERS RE II LTD           | Sanders RE II Ltd                                   | CUSIP: 80001TAC1<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |   2250000 | PA      | $2249771.63   | 0.25%             | 2028-04-07      | Floating      | 8.78%                 | Yes           |                  2 | On Loan: No      |
| MYSTIC RE IV LTD            | Mystic Re IV Ltd                                    | CUSIP: 62865LAH0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    750000 | PA      | $262500.00    | 0.03%             | 2028-01-10      | Floating      | 18.28%                | Yes           |                  2 | On Loan: No      |
| MAYFLOWER RE LTD            | Mayflower Re Ltd                                    | CUSIP: 57839MAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $2035000.00   | 0.23%             | 2027-07-08      | Floating      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| TITANIA RE LTD              | Titania RE Ltd                                      | CUSIP: 888329AE9<br>LEI: 5493008E73M6FH2NSB56 | Long             | DBT              | CORP              | BM        |   4250000 | PA      | $4262750.00   | 0.47%             | 2027-11-26      | Floating      | 10.53%                | Yes           |                  2 | On Loan: No      |
| TOMONI RE PTE LTD           | Tomoni Re Pte Ltd                                   | CUSIP: 89009PAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    750000 | PA      | $753600.00    | 0.08%             | 2028-04-05      | Floating      | 7.53%                 | Yes           |                  2 | On Loan: No      |
| CITRUS RE LTD               | Citrus Re Ltd                                       | CUSIP: 177510AQ7<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |   5350000 | PA      | $5306130.00   | 0.59%             | 2028-06-07      | Floating      | 12.03%                | Yes           |                  2 | On Loan: No      |
| MAYFLOWER RE LTD            | Mayflower Re Ltd                                    | CUSIP: 57839MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3250000 | PA      | $3315000.00   | 0.37%             | 2026-07-08      | Floating      | 10.29%                | Yes           |                  2 | On Loan: No      |
| PURPLE RE LTD               | Purple Re Ltd                                       | CUSIP: 74639NAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3600000 | PA      | $3688560.00   | 0.41%             | 2027-06-07      | Floating      | 13.28%                | Yes           |                  2 | On Loan: No      |
| FOUR LAKES RE LTD           | Four Lakes Re Ltd                                   | CUSIP: 35087TAF5<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |   2750000 | PA      | $2848725.00   | 0.32%             | 2027-01-07      | Floating      | 13.78%                | Yes           |                  2 | On Loan: No      |
| MYSTIC RE IV LTD            | Mystic Re IV Ltd                                    | CUSIP: 62865LAG2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1750000 | PA      | $1778700.00   | 0.20%             | 2028-01-10      | Floating      | 14.53%                | Yes           |                  2 | On Loan: No      |
| NAKAMA RE PTE LTD           | Nakama Re Pte Ltd                                   | CUSIP: 62984JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   8000000 | PA      | $8070400.00   | 0.90%             | 2029-04-04      | Floating      | 6.63%                 | Yes           |                  2 | On Loan: No      |
| FOUR LAKES RE LTD           | Four Lakes Re Ltd                                   | CUSIP: 35087TAG3<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |   9120000 | PA      | $9071664.00   | 1.01%             | 2028-01-07      | Floating      | 9.78%                 | Yes           |                  2 | On Loan: No      |
| HERBIE RE LTD               | Herbie Re Ltd                                       | CUSIP: 42703VAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6000000 | PA      | $5761800.00   | 0.64%             | 2028-01-07      | Floating      | 10.28%                | Yes           |                  2 | On Loan: No      |
| OCELOT RE LTD               | Ocelot Re Ltd                                       | CUSIP: 675951AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  12750000 | PA      | $12686250.00  | 1.41%             | 2029-02-26      | Floating      | 8.78%                 | Yes           |                  2 | On Loan: No      |
| ALAMO RE LTD                | Alamo Re Ltd                                        | CUSIP: 011395AJ9<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |   7000000 | PA      | $7165900.00   | 0.80%             | 2026-06-07      | Floating      | 12.67%                | Yes           |                  2 | On Loan: No      |
| TITANIA RE LTD              | Titania RE Ltd                                      | CUSIP: 888329AD1<br>LEI: 5493008E73M6FH2NSB56 | Long             | DBT              | CORP              | BM        |   4750000 | PA      | $4895350.00   | 0.54%             | 2026-02-27      | Floating      | 17.81%                | Yes           |                  2 | On Loan: No      |
| PUERTO RICO PARAMETRIC      | Puerto Rico Parametric Re Ltd                       | CUSIP: 74528TAA2<br>LEI: 254900GJDFHQXGUCMO94 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $517850.00    | 0.06%             | 2027-06-07      | Floating      | 9.00%                 | Yes           |                  2 | On Loan: No      |
| INTEGRITY RE LTD            | Integrity Re Ltd                                    | CUSIP: 45833UAM3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1529700.00   | 0.17%             | 2026-06-06      | Floating      | 27.28%                | Yes           |                  2 | On Loan: No      |
| ORANGE CAPITAL RE DAC       | Orange Capital RE DAC                               | CUSIP: 000000000<br>LEI: 635400PXTZAPQFEPH515 | Long             | DBT              | CORP              | IE        |    500000 | PA      | $567048.07    | 0.06%             | 2029-01-17      | Floating      | 8.32%                 | Yes           |                  2 | On Loan: No      |
| INTEGRITY RE III            | Integrity RE III Ltd                                | CUSIP: 45870GAA4<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |   3500000 | PA      | $3468850.00   | 0.39%             | 2027-06-06      | Floating      | 12.28%                | Yes           |                  2 | On Loan: No      |
| FOUR LAKES RE LTD           | Four Lakes Re Ltd                                   | CUSIP: 35087TAE8<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |   3250000 | PA      | $3303625.00   | 0.37%             | 2027-01-07      | Floating      | 10.03%                | Yes           |                  2 | On Loan: No      |
| SANDERS RE II LTD           | Sanders RE II Ltd                                   | CUSIP: 80001TAA5<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |   2250000 | PA      | $2247750.00   | 0.25%             | 2028-04-07      | Floating      | 8.28%                 | Yes           |                  2 | On Loan: No      |
| ALAMO RE LTD                | Alamo Re Ltd                                        | CUSIP: 011395AP5<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1563450.00   | 0.17%             | 2027-06-07      | Floating      | 12.03%                | Yes           |                  2 | On Loan: No      |
| ATELA RE LTD                | Atela Re Ltd                                        | CUSIP: 04681FAA2<br>LEI: 2549006VU6TMK735XN50 | Long             | DBT              | CORP              | BM        |   3000000 | PA      | $3227400.00   | 0.36%             | 2027-05-09      | Floating      | 18.53%                | Yes           |                  2 | On Loan: No      |
| MYSTIC RE IV LTD            | Mystic Re IV Ltd                                    | CUSIP: 62865LAF4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5000000 | PA      | $4975000.00   | 0.55%             | 2028-01-10      | Floating      | 8.28%                 | Yes           |                  2 | On Loan: No      |
| SANDERS RE III LTD          | Sanders Re III Ltd                                  | CUSIP: 80000XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1478100.00   | 0.16%             | 2026-04-07      | Floating      | 7.69%                 | Yes           |                  2 | On Loan: No      |
| PURPLE RE LTD               | Purple Re Ltd                                       | CUSIP: 74639NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3250000 | PA      | $3382275.00   | 0.38%             | 2026-04-24      | Floating      | 17.14%                | Yes           |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP     | International Bank for Reconstruction & Development | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | N/A       |    500000 | PA      | $502500.00    | 0.06%             | 2028-04-24      | Floating      | 15.56%                | Yes           |                  2 | On Loan: No      |
| URSA RE LTD                 | Ursa Re Ltd                                         | CUSIP: 90323WAL4<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1014700.00   | 0.11%             | 2025-12-06      | Floating      | 9.78%                 | Yes           |                  2 | On Loan: No      |
| GATEWAY RE LTD              | Gateway Re Ltd                                      | CUSIP: 36779CAC0<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $521450.00    | 0.06%             | 2026-02-24      | Floating      | 18.24%                | Yes           |                  2 | On Loan: No      |
| TITANIA RE LTD              | Titania RE Ltd                                      | CUSIP: 888329AC3<br>LEI: 5493008E73M6FH2NSB56 | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1034000.00   | 0.11%             | 2026-02-27      | Floating      | 16.81%                | Yes           |                  2 | On Loan: No      |
| INTEGRITY RE III            | Integrity RE III Ltd                                | CUSIP: 45870GAB2<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |   5500000 | PA      | $5453250.00   | 0.61%             | 2028-06-06      | Floating      | 12.28%                | Yes           |                  2 | On Loan: No      |
| MYSTIC RE IV LTD            | Mystic Re IV Ltd                                    | CUSIP: 62865LAE7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  19950000 | PA      | $20819820.00  | 2.31%             | 2027-01-08      | Floating      | 16.28%                | Yes           |                  2 | On Loan: No      |
| CHARLES RIVER RE LTD        | Charles River Re Ltd                                | CUSIP: 159873AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1019000.00   | 0.11%             | 2027-05-10      | Floating      | 11.03%                | Yes           |                  2 | On Loan: No      |
| NORTHSHORE RE II LTD        | Northshore Re II Ltd                                | CUSIP: 666842AF6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  19750000 | PA      | $19665075.00  | 2.18%             | 2028-04-07      | Floating      | 9.28%                 | Yes           |                  2 | On Loan: No      |
| URSA RE II LTD              | Ursa Re II Ltd                                      | CUSIP: 91734PAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1500450.00   | 0.17%             | 2025-06-16      | Floating      | 9.28%                 | Yes           |                  2 | On Loan: No      |
| OCELOT RE LTD               | Ocelot Re Ltd                                       | CUSIP: 675951AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   8000000 | PA      | $8132000.00   | 0.90%             | 2027-01-07      | Floating      | 12.03%                | Yes           |                  2 | On Loan: No      |
| FIRST COAST RE IV LTD       | First Coast Re IV Ltd                               | CUSIP: 31969UAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   7000000 | PA      | $6986000.00   | 0.78%             | 2028-03-10      | Floating      | 10.78%                | Yes           |                  2 | On Loan: No      |
| PALM RE LTD                 | Palm RE Ltd                                         | CUSIP: 69664FAB4<br>LEI: 984500D3C66DA10DAP11 | Long             | DBT              | CORP              | BM        |  12750000 | PA      | $12730875.00  | 1.41%             | 2028-06-07      | Floating      | 12.03%                | Yes           |                  2 | On Loan: No      |
| VITALITY RE XIII LTD        | Vitality Re XIII Ltd                                | CUSIP: 92849MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    500000 | PA      | $500950.00    | 0.06%             | 2026-01-06      | Floating      | 6.28%                 | Yes           |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP     | International Bank for Reconstruction & Development | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | N/A       |   1500000 | PA      | $1540350.00   | 0.17%             | 2028-04-24      | Floating      | 8.56%                 | Yes           |                  2 | On Loan: No      |
| WHITE HERON RE 2024         | WHITE HERON RE 2024                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5500000 | PA      | $206854.63    | 0.02%             | 2030-05-31      | Floating      | 0.01%                 | Yes           |                  3 | On Loan: No      |
| HERBIE RE LTD               | Herbie Re Ltd                                       | CUSIP: 42703VAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $2030200.00   | 0.23%             | 2029-01-08      | Floating      | 15.03%                | Yes           |                  2 | On Loan: No      |
| SANDERS RE II LTD           | Sanders RE II Ltd                                   | CUSIP: 80001TAB3<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1498500.00   | 0.17%             | 2030-04-08      | Floating      | 8.53%                 | Yes           |                  2 | On Loan: No      |
| RAMBLE RE LTD               | Ramble RE Ltd                                       | CUSIP: 751443AA0<br>LEI: 254900X8K5BTBY971F92 | Long             | DBT              | CORP              | BM        |   5000000 | PA      | $4980500.00   | 0.55%             | 2027-03-05      | Floating      | 10.53%                | Yes           |                  2 | On Loan: No      |
| WINDMILL III RE DAC         | Windmill III Re DAC                                 | CUSIP: 000000000<br>LEI: 635400PB5AXUZ6R7CT68 | Long             | DBT              | CORP              | IE        |    750000 | PA      | $860257.97    | 0.10%             | 2028-07-05      | Floating      | 7.60%                 | Yes           |                  2 | On Loan: No      |
| SANDERS RE II LTD           | Sanders RE II Ltd                                   | CUSIP: 80001TAD9<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |   2250000 | PA      | $2247750.00   | 0.25%             | 2030-04-08      | Floating      | 9.03%                 | Yes           |                  2 | On Loan: No      |
| ALAMO RE LTD                | Alamo Re Ltd                                        | CUSIP: 011395AN0<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1547550.00   | 0.17%             | 2027-06-07      | Floating      | 10.28%                | Yes           |                  2 | On Loan: No      |
| GATEWAY RE LTD              | Gateway Re Ltd                                      | CUSIP: 36779CAQ9<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |   3250000 | PA      | $3241875.00   | 0.36%             | 2028-07-07      | Floating      | 14.78%                | Yes           |                  2 | On Loan: No      |
| SAKURA RE LTD               | Sakura RE Ltd                                       | CUSIP: 79381MAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2750000 | PA      | $2745875.00   | 0.30%             | 2029-04-05      | Floating      | 7.03%                 | Yes           |                  2 | On Loan: No      |
| FIRST COAST RE IV LTD       | First Coast Re IV Ltd                               | CUSIP: 31969UAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    600000 | PA      | $612780.00    | 0.07%             | 2026-04-07      | Floating      | 9.25%                 | Yes           |                  2 | On Loan: No      |
| GALILEO RE LTD              | Galileo Re Ltd                                      | CUSIP: 36354TAN2<br>LEI: 549300MXI75DHMS7JH38 | Long             | DBT              | CORP              | BM        |   3050000 | PA      | $3162850.00   | 0.35%             | 2028-01-07      | Floating      | 11.28%                | Yes           |                  2 | On Loan: No      |
| SANDERS RE III LTD          | Sanders Re III Ltd                                  | CUSIP: 799927AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   7750000 | PA      | $7991800.00   | 0.89%             | 2028-04-07      | Floating      | 10.03%                | Yes           |                  2 | On Loan: No      |
| QUEEN STREET 2023 RE DAC    | Queen Street 2023 RE DAC                            | CUSIP: 747977AA4<br>LEI: 635400VHHVVMXL5BJI05 | Long             | DBT              | CORP              | IE        |   6950000 | PA      | $6965290.00   | 0.77%             | 2025-12-08      | Floating      | 11.78%                | Yes           |                  2 | On Loan: No      |
| FOUR LAKES RE LTD           | Four Lakes Re Ltd                                   | CUSIP: 35087TAH1<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |   8000000 | PA      | $7968800.00   | 0.89%             | 2028-01-07      | Floating      | 12.53%                | Yes           |                  2 | On Loan: No      |
| NAKAMA RE LTD               | Nakama Re Ltd                                       | CUSIP: 62983QAN3<br>LEI: 2549003ZFVVVVKMRJ633 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $252800.00    | 0.03%             | 2028-05-09      | Floating      | 6.59%                 | Yes           |                  2 | On Loan: No      |
| GATEWAY RE LTD              | Gateway Re Ltd                                      | CUSIP: 36779CAP1<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |   5750000 | PA      | $5389475.00   | 0.60%             | 2025-12-22      | Floating      | 4.28%                 | Yes           |                  2 | On Loan: No      |
| VITALITY RE XV LTD          | Vitality Re XV Ltd                                  | CUSIP: 92847CAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    500000 | PA      | $515900.00    | 0.06%             | 2028-01-07      | Floating      | 7.78%                 | Yes           |                  2 | On Loan: No      |
| KILIMANJARO II RE LTD       | Kilimanjaro II Re Ltd                               | CUSIP: 49407QAH1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4500000 | PA      | $4730400.00   | 0.53%             | 2028-06-30      | Floating      | 11.53%                | Yes           |                  2 | On Loan: No      |
| HERBIE RE LTD               | Herbie Re Ltd                                       | CUSIP: 42703VAJ2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5000000 | PA      | $4992000.00   | 0.55%             | 2029-01-08      | Floating      | 11.53%                | Yes           |                  2 | On Loan: No      |
| FLOODSMART RE LTD           | FloodSmart Re Ltd                                   | CUSIP: 33975CAQ8<br>LEI: 549300KK1LNVFW95S875 | Long             | DBT              | CORP              | BM        |   4500000 | PA      | $4365900.00   | 0.48%             | 2027-03-12      | Floating      | 21.53%                | Yes           |                  2 | On Loan: No      |
| ARMOR RE II LTD             | Armor RE II Ltd                                     | CUSIP: 04227FAE5<br>LEI: 549300X573KDIHEJL317 | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $2087400.00   | 0.23%             | 2027-05-07      | Floating      | 14.53%                | Yes           |                  2 | On Loan: No      |
| VITALITY RE XVI LTD         | Vitality Re XVI Ltd                                 | CUSIP: 92849FAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    750000 | PA      | $750150.00    | 0.08%             | 2029-01-08      | Floating      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| KENDALL RE LTD              | Kendall Re Ltd                                      | CUSIP: 48878QAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2500000 | PA      | $2615500.00   | 0.29%             | 2027-04-30      | Floating      | 10.53%                | Yes           |                  2 | On Loan: No      |
| MMIFS RE LTD                | MMIFS Re Ltd                                        | CUSIP: 000000000<br>LEI: 254900C86PCL10JRTQ88 | Long             | DBT              | CORP              | BM        |   4250000 | PA      | $3071122.88   | 0.34%             | 2028-01-10      | Floating      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| INTEGRITY RE LTD            | Integrity Re Ltd                                    | CUSIP: 45833UAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3000000 | PA      | $3092700.00   | 0.34%             | 2026-06-06      | Floating      | 17.53%                | Yes           |                  2 | On Loan: No      |
| HESTIA RE LTD               | Hestia Re Ltd                                       | CUSIP: 42815KAD4<br>LEI: 549300QRKQ1ZKOXEMZ38 | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $991300.00    | 0.11%             | 2028-03-13      | Floating      | 12.53%                | Yes           |                  2 | On Loan: No      |
| BLACK KITE RE LTD           | BLACK KITE RE LTD                                   | CUSIP: 092168AB9<br>LEI: N/A                  | Long             | DBT              | CORP              | HK        |   6500000 | PA      | $6499350.00   | 0.72%             | 2028-05-08      | Floating      | 12.28%                | Yes           |                  2 | On Loan: No      |
| KILIMANJARO II RE LTD       | Kilimanjaro II Re Ltd                               | CUSIP: 49407QAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2250000 | PA      | $2346525.00   | 0.26%             | 2028-06-30      | Floating      | 10.53%                | Yes           |                  2 | On Loan: No      |
| URSA RE LTD                 | Ursa Re Ltd                                         | CUSIP: 90323WAQ3<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |   5000000 | PA      | $5228000.00   | 0.58%             | 2026-12-07      | Floating      | 13.03%                | Yes           |                  2 | On Loan: No      |
| VERAISON RE LTD             | Veraison Re Ltd                                     | CUSIP: 92335TAD1<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |  10500000 | PA      | $10397100.00  | 1.15%             | 2028-03-08      | Floating      | 7.78%                 | Yes           |                  2 | On Loan: No      |
| ARMOR RE II LTD             | Armor RE II Ltd                                     | CUSIP: 04227FAF2<br>LEI: 549300X573KDIHEJL317 | Long             | DBT              | CORP              | BM        |   9250000 | PA      | $9289775.00   | 1.03%             | 2028-01-07      | Floating      | 12.78%                | Yes           |                  2 | On Loan: No      |
| MERNA REINSURANCE II LTD    | Merna Reinsurance II Ltd                            | CUSIP: 59013MAG7<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |   5625000 | PA      | $5667187.50   | 0.63%             | 2025-07-07      | Floating      | 11.81%                | Yes           |                  2 | On Loan: No      |
| AQUILA RE LTD 2023-1        | Aquila Re I Ltd Series 2023-1                       | CUSIP: 03843AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    400000 | PA      | $412400.00    | 0.05%             | 2026-06-08      | Floating      | 12.55%                | Yes           |                  2 | On Loan: No      |
| ASHERA RE                   | Ashera Re                                           | CUSIP: 04401RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5750000 | PA      | $5871325.00   | 0.65%             | 2027-04-07      | Floating      | 9.47%                 | Yes           |                  2 | On Loan: No      |
| NATURE COAST RE LTD         | Nature Coast Re Ltd                                 | CUSIP: 63901CAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   8750000 | PA      | $8724625.00   | 0.97%             | 2029-01-16      | Floating      | 14.03%                | Yes           |                  2 | On Loan: No      |
| FLOODSMART RE LTD           | FloodSmart Re Ltd                                   | CUSIP: 33975CAP0<br>LEI: 549300KK1LNVFW95S875 | Long             | DBT              | CORP              | BM        |   7750000 | PA      | $7903450.00   | 0.88%             | 2027-03-12      | Floating      | 18.28%                | Yes           |                  2 | On Loan: No      |
| HERBIE RE LTD               | Herbie Re Ltd                                       | CUSIP: 42703VAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1450350.00   | 0.16%             | 2027-01-08      | Floating      | 27.28%                | Yes           |                  2 | On Loan: No      |
| VITALITY RE XVI LTD         | Vitality Re XVI Ltd                                 | CUSIP: 92849FAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    750000 | PA      | $750375.00    | 0.08%             | 2029-01-08      | Floating      | 6.53%                 | Yes           |                  2 | On Loan: No      |
| MERNA REINSURANCE II LTD    | Merna Reinsurance II Ltd                            | CUSIP: 59013MAH5<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |    350000 | PA      | $358225.00    | 0.04%             | 2026-07-07      | Floating      | 12.03%                | Yes           |                  2 | On Loan: No      |
| BLACK KITE RE LTD           | Black Kite Re Ltd                                   | CUSIP: 092168AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | HK        |   2050000 | PA      | $2055125.00   | 0.23%             | 2025-06-09      | Floating      | 11.10%                | Yes           |                  2 | On Loan: No      |
| KENDALL RE LTD              | Kendall Re Ltd                                      | CUSIP: 48878QAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  10000000 | PA      | $10315000.00  | 1.15%             | 2027-04-30      | Floating      | 12.03%                | Yes           |                  2 | On Loan: No      |
| HESTIA RE LTD               | Hestia Re Ltd                                       | CUSIP: 42815KAC6<br>LEI: 549300QRKQ1ZKOXEMZ38 | Long             | DBT              | CORP              | BM        |   2500000 | PA      | $2481250.00   | 0.28%             | 2028-03-13      | Floating      | 11.03%                | Yes           |                  2 | On Loan: No      |
| INTEGRITY RE LTD            | Integrity Re Ltd                                    | CUSIP: 45833UAH4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   8100000 | PA      | $8160750.00   | 0.91%             | 2025-06-06      | Floating      | 17.14%                | Yes           |                  2 | On Loan: No      |
| AQUILA RE LTD 2023-1        | Aquila Re I Ltd Series 2023-1                       | CUSIP: 03843AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $254075.00    | 0.03%             | 2026-06-08      | Floating      | 9.93%                 | Yes           |                  2 | On Loan: No      |
| VERAISON RE LTD             | Veraison Re Ltd                                     | CUSIP: 92335TAC3<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $2049600.00   | 0.23%             | 2027-03-08      | Floating      | 9.02%                 | Yes           |                  2 | On Loan: No      |
| HIGH POINT RE LTD           | High Point Re Ltd                                   | CUSIP: 429932AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1507350.00   | 0.17%             | 2027-01-06      | Floating      | 10.03%                | Yes           |                  2 | On Loan: No      |
| NORTHSHORE RE II LTD        | Northshore Re II Ltd                                | CUSIP: 666842AE9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3000000 | PA      | $3000000.00   | 0.33%             | 2025-07-08      | Floating      | 12.28%                | Yes           |                  2 | On Loan: No      |
| AZZURRO RE II DAC           | Azzurro Re II DAC                                   | CUSIP: 000000000<br>LEI: 635400NZWVDIAI82JP08 | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $1147916.90   | 0.13%             | 2028-04-20      | Floating      | 8.63%                 | Yes           |                  2 | On Loan: No      |
| URSA RE LTD                 | Ursa Re Ltd                                         | CUSIP: 90323WAR1<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |  11750000 | PA      | $11862800.00  | 1.32%             | 2028-02-22      | Floating      | 11.78%                | Yes           |                  2 | On Loan: No      |
| BALDWIN RE LTD              | Baldwin Re Ltd                                      | CUSIP: 05826BAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    750000 | PA      | $760500.00    | 0.08%             | 2027-07-07      | Floating      | 8.78%                 | Yes           |                  2 | On Loan: No      |
| MONA LISA RE LTD            | Mona Lisa Re Ltd                                    | CUSIP: 608800AH1<br>LEI: 549300R6SO6XBFDC7M25 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $541950.00    | 0.06%             | 2027-06-25      | Floating      | 14.03%                | Yes           |                  2 | On Loan: No      |
| CITRUS RE LTD               | Citrus Re Ltd                                       | CUSIP: 177510AL8<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |   2450000 | PA      | $2507085.00   | 0.28%             | 2026-06-07      | Floating      | 10.87%                | Yes           |                  2 | On Loan: No      |
| RESIDENTIAL REIN 2024       | Residential Reinsurance 2004 Ltd                    | CUSIP: 76112AAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   5000000 | PA      | $5043500.00   | 0.56%             | 2028-12-06      | Floating      | 9.53%                 | Yes           |                  2 | On Loan: No      |
| CAPE LOOKOUT RE LTD         | Cape Lookout Re Ltd                                 | CUSIP: 13947LAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1533600.00   | 0.17%             | 2026-04-28      | Floating      | 12.70%                | Yes           |                  2 | On Loan: No      |
| TORREY PINES RE LTD         | Torrey Pines Re Ltd                                 | CUSIP: 89141WAL6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   8250000 | PA      | $8249492.63   | 0.92%             | 2033-06-07      | Floating      | 8.03%                 | Yes           |                  2 | On Loan: No      |
| BONANZA RE LTD              | Bonanza RE Ltd                                      | CUSIP: 09785EAP6<br>LEI: 5493003F0CXUQ2C83105 | Long             | DBT              | CORP              | BM        |   9750000 | PA      | $9637875.00   | 1.07%             | 2027-12-19      | Floating      | 8.03%                 | Yes           |                  2 | On Loan: No      |
| SANDERS RE III LTD          | Sanders Re III Ltd                                  | CUSIP: 80001QAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    700000 | PA      | $715960.00    | 0.08%             | 2027-04-07      | Floating      | 9.83%                 | Yes           |                  2 | On Loan: No      |
| GALILEO RE LTD              | Galileo Re Ltd                                      | CUSIP: 36354TAP7<br>LEI: 549300MXI75DHMS7JH38 | Long             | DBT              | CORP              | BM        |   6700000 | PA      | $6711390.00   | 0.75%             | 2026-01-08      | Floating      | 11.28%                | Yes           |                  2 | On Loan: No      |
| BRIDGE STREET RE LTD        | Bridge Street Re Ltd                                | CUSIP: 10807LAA5<br>LEI: 2549008NKPLMU6X7ID58 | Long             | DBT              | CORP              | BM        |  12250000 | PA      | $12194875.00  | 1.35%             | 2028-01-07      | Floating      | 8.28%                 | Yes           |                  2 | On Loan: No      |
| MATTERHORN RE LTD           | Matterhorn Re Ltd                                   | CUSIP: 577092AW9<br>LEI: 549300QRZ77PO1BYWT39 | Long             | DBT              | CORP              | BM        |   1750000 | PA      | $1744400.00   | 0.19%             | 2028-02-04      | Floating      | 11.28%                | Yes           |                  2 | On Loan: No      |
| GATEWAY RE LTD              | Gateway Re Ltd                                      | CUSIP: 36779CAM8<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |   5500000 | PA      | $5429600.00   | 0.60%             | 2028-07-07      | Floating      | 8.53%                 | Yes           |                  2 | On Loan: No      |
| BLUE SKY RE DAC             | Blue Sky Re DAC                                     | CUSIP: 09605UAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $2359046.84   | 0.26%             | 2027-01-26      | Floating      | 8.32%                 | Yes           |                  2 | On Loan: No      |
| MASCHPARK RE LTD            | Maschpark Re Ltd                                    | CUSIP: 574591AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1520550.00   | 0.17%             | 2028-01-10      | Floating      | 7.78%                 | Yes           |                  2 | On Loan: No      |
| KILIMANJARO III RE LTD      | Kilimanjaro III Re Ltd                              | CUSIP: 49407PAH3<br>LEI: 254900T37LD5YQ545V53 | Long             | DBT              | CORP              | BM        |   3000000 | PA      | $3006600.00   | 0.33%             | 2026-04-20      | Floating      | 16.64%                | Yes           |                  2 | On Loan: No      |
| RECOLETOS RE DAC            | Recoletos RE DAC                                    | CUSIP: 755933AA6<br>LEI: 635400FIY9UG8ZHKYH56 | Long             | DBT              | CORP              | IE        |   4000000 | PA      | $3988400.00   | 0.44%             | 2028-01-07      | Floating      | 9.28%                 | Yes           |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP     | International Bank for Reconstruction & Development | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | N/A       |   3000000 | PA      | $3073800.00   | 0.34%             | 2027-12-29      | Floating      | 11.55%                | Yes           |                  2 | On Loan: No      |
| MONA LISA RE LTD            | Mona Lisa Re Ltd                                    | CUSIP: 608800AE8<br>LEI: 549300R6SO6XBFDC7M25 | Long             | DBT              | CORP              | BM        |   3250000 | PA      | $3251625.00   | 0.36%             | 2025-07-08      | Floating      | 11.28%                | Yes           |                  2 | On Loan: No      |
| LONG POINT RE IV LTD        | Long Point Re IV Ltd                                | CUSIP: 54279PAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4000000 | PA      | $4026000.00   | 0.45%             | 2026-06-01      | Floating      | 8.53%                 | Yes           |                  2 | On Loan: No      |
| FIRST COAST RE IV LTD       | First Coast Re IV Ltd                               | CUSIP: 31969UAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   7750000 | PA      | $7730625.00   | 0.86%             | 2028-03-10      | Floating      | 11.78%                | Yes           |                  2 | On Loan: No      |
| FLOODSMART RE LTD           | FloodSmart Re Ltd                                   | CUSIP: 33975CAN5<br>LEI: 549300KK1LNVFW95S875 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $209250.00    | 0.02%             | 2026-03-11      | Floating      | 26.68%                | Yes           |                  2 | On Loan: No      |
| NATURE COAST RE LTD         | Nature Coast Re Ltd                                 | CUSIP: 63901CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2250000 | PA      | $2330550.00   | 0.26%             | 2026-12-07      | Floating      | 14.28%                | Yes           |                  2 | On Loan: No      |
| ISOSCELES RE 2024-A CLASS B | ISOSCELES RE 2024-A CLASS B                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    700000 | PA      | $8120.00      | 0.00%             | 2030-04-30      | Floating      | 0.01%                 | Yes           |                  3 | On Loan: No      |
| VITALITY RE XVI LTD         | Vitality Re XVI Ltd                                 | CUSIP: 92849FAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2750000 | PA      | $2751650.00   | 0.31%             | 2029-01-08      | Floating      | 8.03%                 | Yes           |                  2 | On Loan: No      |
| ISOSCELES RE 2024-A CLASS A | ISOSCELES RE 2024-A CLASS A                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $34600.00     | 0.00%             | 2030-04-30      | Floating      | 0.01%                 | Yes           |                  3 | On Loan: No      |
| ISOSCELES RE 2024-A CLASS C | ISOSCELES RE 2024-A CLASS C                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $3650.00      | 0.00%             | 2030-04-30      | Floating      | 0.01%                 | Yes           |                  3 | On Loan: No      |
| TORREY PINES RE LTD         | Torrey Pines Re Ltd                                 | CUSIP: 89141WAM4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  10750000 | PA      | $10749683.95  | 1.19%             | 2028-06-07      | Floating      | 8.78%                 | Yes           |                  2 | On Loan: No      |
| MERNA REINSURANCE II LTD    | Merna Reinsurance II Ltd                            | CUSIP: 59013MAJ1<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |   2325000 | PA      | $2426137.50   | 0.27%             | 2026-07-07      | Floating      | 14.53%                | Yes           |                  2 | On Loan: No      |
| BONANZA RE LTD              | Bonanza RE Ltd                                      | CUSIP: 09785EAQ4<br>LEI: 5493003F0CXUQ2C83105 | Long             | DBT              | CORP              | BM        |  16000000 | PA      | $16027200.00  | 1.78%             | 2027-12-19      | Floating      | 9.78%                 | Yes           |                  2 | On Loan: No      |
| AQUILA RE LTD 2023-1        | Aquila Re I Ltd Series 2023-1                       | CUSIP: 03843AAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1400000 | PA      | $1455300.00   | 0.16%             | 2026-06-08      | Floating      | 13.46%                | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-26

**Name of Applicant:** Victory Portfolios IV

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer