# EDGAR Filing Document

**Accession Number:** 0001761673
**File Stem:** 0001193125-26-245287
**Filing Date:** 2026-5
**Character Count:** 1360373
**Document Hash:** 177dbf6907a0095c112d1af898cb3d0b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-245287.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001193125-26-245287

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** American Funds Multi-Sector Income Fund
- **CENTRAL INDEX KEY:** 0001761673

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23409
- **FILM NUMBER:** 261036167

**BUSINESS ADDRESS:**
- **STREET 1:** 6455 IRVINE CENTER DRIVE
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618
- **BUSINESS PHONE:** 213-486-9200

**MAIL ADDRESS:**
- **STREET 1:** 333 SOUTH HOPE STREET, 55TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

## Series and Classes Contracts Data

### American Funds Multi-Sector Income Fund (Series ID: S000065032)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000210538 | Class T       | MIAVX           |
| C000210539 | Class 529-A   | CMBKX           |
| C000210540 | Class R-5E    | RMDSX           |
| C000210541 | Class R-5     | RMDTX           |
| C000210542 | Class R-4     | RMDRX           |
| C000210543 | Class R-3     | RMDQX           |
| C000210544 | Class R-2E    | RMDPX           |
| C000210545 | Class R-2     | RMDOX           |
| C000210546 | Class R-1     | RMDNX           |
| C000210547 | Class F-3     | MIAZX           |
| C000210548 | Class F-2     | MIAYX           |
| C000210549 | Class F-1     | MIAWX           |
| C000210550 | Class C       | MIAUX           |
| C000210551 | Class A       | MIAQX           |
| C000210552 | Class 529-T   | CMBNX           |
| C000210553 | Class 529-F-1 | CMBOX           |
| C000210554 | Class 529-E   | CMBMX           |
| C000210555 | Class 529-C   | CMBLX           |
| C000210556 | Class R-6     | RMDUX           |
| C000220532 | Class 529-F-2 | CMBPX           |
| C000220533 | Class 529-F-3 | CMBQX           |

## Nport-Ex

![](imgc0640a711.jpg)

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

**American Funds**<sup>®</sup> **Multi-Sector Income Fund**

Investment portfolio

March 31, 2026

**unaudited**

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

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments 97.02%<br> **Corporate bonds and notes 70.31%**<br> **Financials 14.23%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Alliant Holdings Intermediate, LLC 4.25% 10/15/2027 <sup>(a)</sup>  | USD11,695 | $11471 |
| Alliant Holdings Intermediate, LLC 6.75% 10/15/2027 <sup>(a)</sup>  | 18313 | 18310 |
| Alliant Holdings Intermediate, LLC 5.875% 11/1/2029 <sup>(a)</sup>  | 13555 | 13126 |
| Alliant Holdings Intermediate, LLC 7.00% 1/15/2031 <sup>(a)</sup>  | 2430 | 2452 |
| Alliant Holdings Intermediate, LLC 6.50% 10/1/2031 <sup>(a)</sup>  | 9675 | 9512 |
| Alliant Holdings Intermediate, LLC 7.375% 10/1/2032 <sup>(a)</sup>  | 8197 | 8129 |
| Alpha Bank SA 7.50% 6/16/2027 (1-year EUR Mid-Swap + 5.084% on 6/16/2026) <sup>(b)</sup>  | EUR100 | 117 |
| Alpha Bank SA 6.875% 6/27/2029 (1-year EUR-ICE Swap EURIBOR + 3.793% on 6/27/2028) <sup>(b)</sup>  | 6435 | 7965 |
| Alpha Bank SA 5.00% 5/12/2030 (1-year EUR-ICE Swap EURIBOR + 2.432% on 5/12/2029) <sup>(b)</sup>  | 2605 | 3117 |
| American Express Co. 4.009% 2/9/2029 (USD-SOFR + 0.581% on 2/9/2028) <sup>(b)</sup>  | USD12,550 | 12473 |
| American Express Co. 4.456% 2/10/2032 (USD-SOFR + 0.867% on 2/10/2031) <sup>(b)</sup>  | 12008 | 11886 |
| American International Group, Inc. 5.125% 3/27/2033  | 1936 | 1957 |
| American International Group, Inc. 5.45% 5/7/2035  | 739 | 754 |
| AmWINS Group, Inc. 6.375% 2/15/2029 <sup>(a)</sup>  | 6021 | 6060 |
| AmWINS Group, Inc. 4.875% 6/30/2029 <sup>(a)</sup>  | 21120 | 20249 |
| Aon Corp. 5.35% 2/28/2033  | 4202 | 4306 |
| Aon North America, Inc. 5.45% 3/1/2034  | 16300 | 16653 |
| Aon North America, Inc. 5.75% 3/1/2054  | 2275 | 2194 |
| Apollo Debt Solutions BDC 5.70% 1/23/2031 <sup>(a)</sup>  | 31500 | 30751 |
| Apollo Global Management, Inc. 5.15% 8/12/2035  | 2000 | 1938 |
| Ardonagh Finco, Ltd. 7.75% 2/15/2031 <sup>(a)</sup>  | 8965 | 9077 |
| Ardonagh Group Finance, Ltd. 8.875% 2/15/2032 <sup>(a)</sup>  | 21760 | 21341 |
| Ares Capital Corp. 5.25% 4/12/2031  | 25000 | 24181 |
| Ares Strategic Income Fund 5.55% 4/15/2031 <sup>(a)</sup>  | 55000 | 52715 |
| Aretec Group, Inc. 7.50% 4/1/2029 <sup>(a)</sup>  | 23794 | 23588 |
| Aretec Group, Inc. 10.00% 8/15/2030 <sup>(a)</sup>  | 6052 | 6436 |
| Arthur J. Gallagher & Co. 4.85% 12/15/2029  | 3995 | 4040 |
| Arthur J. Gallagher & Co. 5.00% 2/15/2032  | 1466 | 1472 |
| Arthur J. Gallagher & Co. 5.55% 2/15/2055  | 604 | 564 |
| Asurion, LLC 8.375% 2/1/2034 <sup>(a)</sup>  | 8970 | 8715 |
| Athene Holding, Ltd. 6.625% 5/19/2055  | 40410 | 38971 |
| Bangkok Bank Public Co., Ltd. 4.45% 9/19/2028  | 200 | 199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bangkok Bank Public Co., Ltd. 3.733% 9/25/2034 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.90% <br> on 9/25/2029) <sup>(b)</sup>  | 3291 | 3108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bangkok Bank Public Co., Ltd. 3.466% 9/23/2036 (5-year UST Yield Curve Rate T Note Constant Maturity + 2.15% <br> on 9/23/2031) <sup>(b)</sup>  | 3485 | 3136 |
| Bank of America Corp. 4.948% 7/22/2028 (USD-SOFR + 2.04% on 7/22/2027) <sup>(b)</sup>  | 9680 | 9745 |
| Bank of America Corp. 1.898% 7/23/2031 (USD-SOFR + 1.53% on 7/23/2030) <sup>(b)</sup>  | 4357 | 3882 |
| Bank of America Corp. 1.922% 10/24/2031 (USD-SOFR + 1.37% on 10/24/2030) <sup>(b)</sup>  | 2819 | 2499 |
| Bank of America Corp. 4.456% 2/6/2032 (USD-SOFR + 0.87% on 2/6/2031) <sup>(b)</sup>  | 4800 | 4741 |
| Bank of America Corp. 2.651% 3/11/2032 (USD-SOFR + 1.22% on 3/11/2031) <sup>(b)</sup>  | 9775 | 8868 |
| Bank of America Corp. 2.687% 4/22/2032 (USD-SOFR + 1.32% on 4/22/2031) <sup>(b)</sup>  | 3456 | 3133 |
| Bank of America Corp. 2.299% 7/21/2032 (USD-SOFR + 1.22% on 7/21/2031) <sup>(b)</sup>  | 7058 | 6233 |
| Bank of America Corp. 2.572% 10/20/2032 (USD-SOFR + 1.21% on 10/20/2031) <sup>(b)</sup>  | 4408 | 3923 |
| Bank of America Corp. 2.972% 2/4/2033 (USD-SOFR + 1.33% on 2/4/2032) <sup>(b)</sup>  | 3286 | 2975 |

---

American Funds Multi-Sector Income Fund — Page 1 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Financials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Bank of America Corp. 4.571% 4/27/2033 (USD-SOFR + 1.83% on 4/27/2032) <sup>(b)</sup>  | USD11,230 | $11038 |
| Bank of America Corp. 5.468% 1/23/2035 (3-month USD CME Term SOFR + 1.65% on 1/23/2034) <sup>(b)</sup>  | 4876 | 4979 |
| Bank of America Corp. 5.045% 2/6/2037 (USD-SOFR + 1.13% on 2/6/2036) <sup>(b)</sup>  | 131044 | 129353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank of East Asia, Ltd. 4.875% 4/22/2032 (5-year UST Yield Curve Rate T Note Constant Maturity + 2.30% on <br> 4/22/2027) <sup>(b)</sup>  | 2000 | 1993 |
| Bank of Montreal 4.10% 12/15/2027 (USD-SOFR + 0.525% on 12/15/2026) <sup>(b)</sup>  | 12000 | 11978 |
| Bank of Montreal 4.35% 9/22/2031 (USD-SOFR + 0.75% on 9/22/2030) <sup>(b)</sup>  | 1616 | 1594 |
| Bank of New York Mellon Corp. 5.06% 7/22/2032 (USD-SOFR + 1.23% on 7/22/2031) <sup>(b)</sup>  | 3930 | 4007 |
| Bank of New York Mellon Corp. 5.225% 11/20/2035 (USD-SOFR + 1.253% on 11/20/2034) <sup>(b)</sup>  | 6638 | 6734 |
| Banque Federative du Credit Mutuel 5.106% 1/15/2036 <sup>(a)</sup>  | 20940 | 20498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BBVA Bancomer SA 5.875% 9/13/2034 (5-year UST Yield Curve Rate T Note Constant Maturity + 4.308% on <br> 9/13/2029) <sup>(b)</sup>  | 6001 | 5898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BBVA Bancomer SA 8.45% 6/29/2038 (5-year UST Yield Curve Rate T Note Constant Maturity + 4.661% on <br> 6/29/2033) <sup>(a)(b)</sup>  | 1362 | 1465 |
| BlackRock Funding, Inc. 5.25% 3/14/2054  | 15686 | 14602 |
| Blackstone Reg Finance Co., LLC 4.95% 2/15/2036  | 730 | 705 |
| Block, Inc. 2.75% 6/1/2026  | 6005 | 5982 |
| Block, Inc. 5.625% 8/15/2030 <sup>(a)</sup>  | 19372 | 19276 |
| Block, Inc. 3.50% 6/1/2031  | 6750 | 6143 |
| Block, Inc. 6.50% 5/15/2032  | 38213 | 38586 |
| Block, Inc. 6.00% 8/15/2033 <sup>(a)</sup>  | 15055 | 14822 |
| Blue Owl Credit Income Corp. 4.70% 2/8/2027  | 9376 | 9273 |
| BPCE SA 6.293% 1/14/2036 (USD-SOFR + 2.04% on 1/14/2035) <sup>(a)(b)</sup>  | 16456 | 17234 |
| BPCE SA 5.417% 1/13/2037 (USD-SOFR + 1.568% on 1/13/2036) <sup>(a)(b)</sup>  | 29093 | 28377 |
| Bread Financial Holdings, Inc. 6.75% 5/15/2031 <sup>(a)</sup>  | 9410 | 9349 |
| Brown & Brown, Inc. 4.90% 6/23/2030  | 3475 | 3473 |
| Brown & Brown, Inc. 5.25% 6/23/2032  | 10481 | 10468 |
| Brown & Brown, Inc. 5.55% 6/23/2035  | 22032 | 22015 |
| Brown & Brown, Inc. 6.25% 6/23/2055  | 4476 | 4468 |
| CaixaBank SA 5.673% 3/15/2030 (USD-SOFR + 1.78% on 3/15/2029) <sup>(a)(b)</sup>  | 4064 | 4176 |
| Capital One Financial Corp. 5.70% 2/1/2030 (USD-SOFR + 1.905% on 2/1/2029) <sup>(b)</sup>  | 19743 | 20258 |
| Capital One Financial Corp. 6.051% 2/1/2035 (USD-SOFR + 2.26% on 2/1/2034) <sup>(b)</sup>  | 18455 | 19080 |
| Capital One Financial Corp. 5.399% 1/30/2037 (USD-SOFR + 1.508% on 1/30/2036) <sup>(b)</sup>  | 43820 | 42957 |
| Carlyle Group, Inc. (The) 5.05% 9/19/2035  | 1000 | 966 |
| Charles Schwab Corp. (The) 5.853% 5/19/2034 (USD-SOFR + 2.50% on 5/19/2033) <sup>(b)</sup>  | 4166 | 4378 |
| Chubb INA Holdings, LLC 5.00% 3/15/2034  | 34994 | 35202 |
| Chubb INA Holdings, LLC 4.90% 8/15/2035  | 9165 | 9028 |
| Cipher Compute, LLC 7.125% 11/15/2030 <sup>(a)</sup>  | 2435 | 2526 |
| Citigroup, Inc. 2.976% 11/5/2030 (USD-SOFR + 1.422% on 11/5/2029) <sup>(b)</sup>  | 1172 | 1107 |
| Citigroup, Inc. 2.572% 6/3/2031 (USD-SOFR + 2.107% on 6/3/2030) <sup>(b)</sup>  | 5634 | 5166 |
| Citigroup, Inc. 4.503% 9/11/2031 (USD-SOFR + 1.171% on 9/11/2030) <sup>(b)</sup>  | 4854 | 4800 |
| Citigroup, Inc. 2.52% 11/3/2032 (USD-SOFR + 1.177% on 11/3/2031) <sup>(b)</sup>  | 4059 | 3581 |
| Citigroup, Inc. 3.057% 1/25/2033 (USD-SOFR + 1.351% on 1/25/2032) <sup>(b)</sup>  | 1796 | 1625 |
| Citigroup, Inc. 5.333% 3/27/2036 (USD-SOFR + 1.465% on 3/27/2035) <sup>(b)</sup>  | 34052 | 34168 |
| Citigroup, Inc. 5.174% 9/11/2036 (USD-SOFR + 1.488% on 9/11/2035) <sup>(b)</sup>  | 6210 | 6158 |
| Coinbase Global, Inc. 3.375% 10/1/2028 <sup>(a)</sup>  | 32177 | 30146 |
| Coinbase Global, Inc. 3.625% 10/1/2031 <sup>(a)</sup>  | 41485 | 35104 |
| Compass Group Diversified Holdings, LLC 5.25% 4/15/2029 <sup>(a)</sup>  | 54228 | 50492 |
| Compass Group Diversified Holdings, LLC 5.00% 1/15/2032 <sup>(a)</sup>  | 10210 | 8884 |
| Deutsche Bank AG 6.819% 11/20/2029 (USD-SOFR + 2.51% on 11/20/2028) <sup>(b)</sup>  | 7142 | 7500 |
| Deutsche Bank AG 4.725% 2/6/2032 (USD-SOFR + 1.135% on 2/6/2031) <sup>(b)</sup>  | 3927 | 3868 |
| Eurobank SA 4.00% 9/24/2030 (1-year EUR Mid-Swap + 2.127% on 9/24/2029) <sup>(b)</sup>  | EUR792 | 918 |
| Eurobank SA 4.875% 4/30/2031 (5-year EUR Mid-Swap + 2.165% on 4/30/2030) <sup>(b)</sup>  | 27351 | 32637 |
| Fifth Third Bancorp 4.895% 9/6/2030 (USD-SOFR + 1.486% on 9/6/2029) <sup>(b)</sup>  | USD560 | 562 |

---

American Funds Multi-Sector Income Fund — Page 2 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Financials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Freedom Mortgage Holdings, LLC 9.25% 2/1/2029 <sup>(a)</sup>  | USD11,195 | $11355 |
| Freedom Mortgage Holdings, LLC 8.375% 4/1/2032 <sup>(a)</sup>  | 16410 | 16159 |
| FS KKR Capital Corp. 6.125% 1/15/2030  | 18173 | 17310 |
| Goldman Sachs Group, Inc. 5.727% 4/25/2030 (USD-SOFR + 1.265% on 4/25/2029) <sup>(b)</sup>  | 4792 | 4945 |
| Goldman Sachs Group, Inc. 4.369% 10/21/2031 (USD-SOFR + 1.06% on 10/21/2030) <sup>(b)</sup>  | 11674 | 11449 |
| Goldman Sachs Group, Inc. 4.516% 1/21/2032 (USD-SOFR + 0.96% on 1/21/2031 <sup>(b)</sup>  | 950 | 936 |
| Goldman Sachs Group, Inc. 1.992% 1/27/2032 (USD-SOFR + 1.09% on 1/27/2031) <sup>(b)</sup>  | 625 | 549 |
| Goldman Sachs Group, Inc. 2.615% 4/22/2032 (USD-SOFR + 1.281% on 4/22/2031) <sup>(b)</sup>  | 5129 | 4609 |
| Goldman Sachs Group, Inc. 5.33% 7/23/2035 (USD-SOFR + 1.55% on 7/23/2034) <sup>(b)</sup>  | 3954 | 3969 |
| Goldman Sachs Group, Inc. 5.016% 10/23/2035 (USD-SOFR + 1.42% on 10/23/2034) <sup>(b)</sup>  | 16825 | 16519 |
| Goldman Sachs Group, Inc. 4.939% 10/21/2036 (USD-SOFR + 1.33% on 10/21/2035) <sup>(b)</sup>  | 128801 | 124780 |
| Goldman Sachs Group, Inc. 5.065% 1/21/2037 (USD-SOFR + 1.19% on 1/21/2036) <sup>(b)</sup>  | 3925 | 3839 |
| Goldman Sachs Group, Inc. 2.908% 7/21/2042 (USD-SOFR + 1.40% on 7/21/2041) <sup>(b)</sup>  | 1443 | 1017 |
| Goldman Sachs Group, Inc. 3.436% 2/24/2043 (USD-SOFR + 1.632% on 2/24/2042) <sup>(b)</sup>  | 686 | 517 |
| Goldman Sachs Private Credit Corp. 5.875% 1/31/2031 <sup>(a)</sup>  | 40000 | 38837 |
| Golub Capital Private Credit Fund 5.60% 4/15/2031 <sup>(a)</sup>  | 12825 | 12245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HDFC Bank, Ltd. 3.70% junior subordinated perpetual bonds (5-Year UST Yield Curve Rate T Note Constant <br> Maturity + 2.925% on 2/25/2027) <sup>(a)(b)</sup>  | 2000 | 1974 |
| Hightower Holding, LLC 6.75% 4/15/2029 <sup>(a)</sup>  | 14960 | 14701 |
| Hightower Holding, LLC 9.125% 1/31/2030 <sup>(a)</sup>  | 4250 | 4355 |
| Hongkong Land Finance (Cayman Islands) Co., Ltd. (The) 5.25% 7/14/2033 <sup>(c)</sup>  | 2129 | 2194 |
| Howden UK Refinance PLC 7.25% 2/15/2031 <sup>(a)</sup>  | 6648 | 6709 |
| Howden UK Refinance 2 PLC 8.125% 2/15/2032 <sup>(a)</sup>  | 3570 | 3348 |
| HSBC Holdings PLC 4.619% 11/6/2031 (USD-SOFR + 1.19% on 11/6/2030) <sup>(b)</sup>  | 585 | 577 |
| HSBC Holdings PLC 7.399% 11/13/2034 (USD-SOFR + 3.02% on 11/13/2033) <sup>(b)</sup>  | 8965 | 9909 |
| HSBC Holdings PLC 5.79% 5/13/2036 (USD-SOFR + 1.88% on 5/13/2035) <sup>(b)</sup>  | 10454 | 10750 |
| HSBC Holdings PLC 5.133% 11/6/2036 (USD-SOFR + 1.43% on 11/6/2035) <sup>(b)</sup>  | 7940 | 7770 |
| HSBC Holdings PLC 6.332% 3/9/2044 (USD-SOFR + 2.65% on 3/9/2043) <sup>(b)</sup>  | 6580 | 6941 |
| HUB International, Ltd. 5.625% 12/1/2029 <sup>(a)</sup>  | 8454 | 8208 |
| HUB International, Ltd. 7.25% 6/15/2030 <sup>(a)</sup>  | 15162 | 15541 |
| HUB International, Ltd. 7.375% 1/31/2032 <sup>(a)</sup>  | 11650 | 11890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intesa Sanpaolo SpA 8.248% 11/21/2033 (1-year UST Yield Curve Rate T Note Constant Maturity + 4.40% on <br> 11/21/2032) <sup>(a)(b)</sup>  | 10000 | 11528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intesa Sanpaolo SpA 7.778% 6/20/2054 (1-year UST Yield Curve Rate T Note Constant Maturity + 3.90% on <br> 6/20/2053) <sup>(a)(b)</sup>  | 15000 | 17119 |
| ION Platform Finance US, Inc. 4.625% 5/1/2028 <sup>(a)</sup>  | 4009 | 3743 |
| ION Platform Finance US, Inc. 5.00% 5/1/2028 <sup>(a)</sup>  | 1500 | 1403 |
| ION Platform Finance US, Inc. 8.75% 5/1/2029 <sup>(a)</sup>  | 55149 | 51345 |
| ION Platform Finance US, Inc. 9.50% 5/30/2029 <sup>(a)</sup>  | 31733 | 29906 |
| ION Platform Finance US, Inc. 9.00% 8/1/2029 <sup>(a)</sup>  | 44149 | 40978 |
| ION Platform Finance US, Inc. 7.875% 9/30/2032 <sup>(a)</sup>  | 23395 | 18138 |
| Iron Mountain Information Management Services, Inc. 5.00% 7/15/2032 <sup>(a)</sup>  | 17080 | 16136 |
| Jane Street Group, LLC 7.125% 4/30/2031 <sup>(a)</sup>  | 4066 | 4182 |
| Jane Street Group, LLC 6.125% 11/1/2032 <sup>(a)</sup>  | 4175 | 4132 |
| Jane Street Group, LLC 6.75% 5/1/2033 <sup>(a)</sup>  | 22065 | 22402 |
| Jefferies Financial Group, Inc. 5.50% 2/15/2036  | 82000 | 78750 |
| JPMorgan Chase & Co. 5.581% 4/22/2030 (USD-SOFR + 1.16% on 4/22/2029) <sup>(b)</sup>  | 4719 | 4864 |
| JPMorgan Chase & Co. 4.995% 7/22/2030 (USD-SOFR + 1.125% on 7/22/2029) <sup>(b)</sup>  | 13273 | 13469 |
| JPMorgan Chase & Co. 4.603% 10/22/2030 (USD-SOFR + 1.04% on 10/22/2029) <sup>(b)</sup>  | 15919 | 15956 |
| JPMorgan Chase & Co. 1.953% 2/4/2032 (USD-SOFR + 1.065% on 2/4/2031) <sup>(b)</sup>  | 22241 | 19589 |
| JPMorgan Chase & Co. 5.294% 7/22/2035 (USD-SOFR + 1.46% on 7/22/2034) <sup>(b)</sup>  | 250 | 253 |
| JPMorgan Chase & Co. 4.81% 10/22/2036 (USD-SOFR + 1.19% on 10/22/2035) <sup>(b)</sup>  | 5075 | 4929 |
| JPMorgan Chase & Co. 4.898% 1/22/2037 (USD-SOFR + 1.07% on 1/22/2036) <sup>(b)</sup>  | 11153 | 10917 |
| JPMorgan Chase & Co. 5.193% 2/5/2037 (USD-SOFR + 1.30% on 2/5/2036) <sup>(b)</sup>  | 40000 | 39322 |

---

American Funds Multi-Sector Income Fund — Page 3 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Financials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kasikornbank PCL (Hong Kong Branch) 3.343% 10/2/2031 (5-year UST Yield Curve Rate T Note Constant Maturity <br> + 1.70% on 10/2/2026) <sup>(b)</sup>  | USD28,165 | $27899 |
| KKR & Co., Inc. 5.10% 8/7/2035  | 3000 | 2903 |
| Korea Exchange Bank 3.25% 3/30/2027 <sup>(a)</sup>  | 4110 | 4073 |
| Korea Exchange Bank 3.25% 3/30/2027  | 3890 | 3855 |
| LPL Holdings, Inc. 4.00% 3/15/2029 <sup>(a)</sup>  | 12895 | 12531 |
| LPL Holdings, Inc. 4.375% 5/15/2031 <sup>(a)</sup>  | 5755 | 5512 |
| Manappuram Finance, Ltd. 7.375% 5/12/2028  | 3968 | 3995 |
| Marsh & McLennan Cos., Inc. 4.65% 3/15/2030  | 1765 | 1779 |
| Marsh & McLennan Cos., Inc. 4.85% 11/15/2031  | 2830 | 2855 |
| Marsh & McLennan Cos., Inc. 5.00% 3/15/2035  | 39165 | 39019 |
| Marsh & McLennan Cos., Inc. 5.40% 3/15/2055  | 22824 | 21421 |
| Mastercard, Inc. 4.875% 5/9/2034  | 5454 | 5487 |
| Mastercard, Inc. 4.55% 1/15/2035  | 16021 | 15743 |
| Morgan Stanley 4.994% 4/12/2029 (USD-SOFR + 1.38% on 4/12/2028) <sup>(b)</sup>  | 2282 | 2303 |
| Morgan Stanley 6.407% 11/1/2029 (USD-SOFR + 1.83% on 11/1/2028) <sup>(b)</sup>  | 2124 | 2217 |
| Morgan Stanley 4.213% 2/8/2030 (USD-SOFR + 0.762% on 2/8/2029) <sup>(b)</sup>  | 1050 | 1039 |
| Morgan Stanley 4.654% 10/18/2030 (USD-SOFR + 1.10% on 10/18/2029) <sup>(b)</sup>  | 3024 | 3023 |
| Morgan Stanley 5.192% 4/17/2031 (USD-SOFR + 1.51% on 4/17/2030) <sup>(b)</sup>  | 1720 | 1746 |
| Morgan Stanley 4.356% 10/22/2031 (USD-SOFR + 1.074% on 10/22/2030) <sup>(b)</sup>  | 19712 | 19322 |
| Morgan Stanley 1.794% 2/13/2032 (USD-SOFR + 1.034% on 2/13/2031) <sup>(b)</sup>  | 1760 | 1524 |
| Morgan Stanley 4.708% 3/12/2032 (USD-SOFR + 1.195% on 3/12/2031) <sup>(b)</sup>  | 2084 | 2070 |
| Morgan Stanley 1.928% 4/28/2032 (USD-SOFR + 1.02% on 4/28/2031) <sup>(b)</sup>  | 5207 | 4515 |
| Morgan Stanley 4.892% 10/22/2036 (USD-SOFR + 1.314% on 10/22/2035) <sup>(b)</sup>  | 44363 | 42903 |
| Morgan Stanley 5.073% 1/30/2037 (USD-SOFR + 1.184% on 1/30/2036) <sup>(b)</sup>  | 50754 | 49744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley 5.942% 2/7/2039 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.80% on <br>2/7/2039) <sup>(b)</sup>  | 6429 | 6575 |
| Morgan Stanley 5.516% 11/19/2055 (USD-SOFR + 1.71% on 11/19/2054) <sup>(b)</sup>  | 1000 | 950 |
| Navient Corp. 5.00% 3/15/2027  | 14685 | 14366 |
| Navient Corp. 4.875% 3/15/2028  | 1719 | 1624 |
| Navient Corp. 5.50% 3/15/2029  | 14770 | 13552 |
| Navient Corp. 9.375% 7/25/2030  | 15713 | 15332 |
| Navient Corp. 11.50% 3/15/2031  | 8447 | 8594 |
| Navient Corp. 7.875% 6/15/2032  | 24220 | 21624 |
| Navient Corp. 5.625% 8/1/2033  | 31990 | 24974 |
| OneMain Finance Corp. 3.875% 9/15/2028  | 12500 | 11889 |
| OneMain Finance Corp. 6.125% 5/15/2030  | 25305 | 24762 |
| OneMain Finance Corp. 7.50% 5/15/2031  | 16017 | 16113 |
| OneMain Finance Corp. 7.125% 11/15/2031  | 16985 | 16844 |
| OneMain Finance Corp. 7.125% 9/15/2032  | 14080 | 13884 |
| OneMain Finance Corp. 6.50% 3/15/2033  | 22170 | 21213 |
| OneMain Finance Corp. 6.75% 9/15/2033  | 3825 | 3672 |
| Osaic Holdings, Inc. 6.75% 8/1/2032 <sup>(a)</sup>  | 22280 | 22299 |
| Osaic Holdings, Inc. 8.00% 8/1/2033 <sup>(a)</sup>  | 21540 | 21282 |
| Oxford Finance, LLC 6.375% 2/1/2027 <sup>(a)</sup>  | 5705 | 5659 |
| Panther Escrow Issuer, LLC 7.125% 6/1/2031 <sup>(a)</sup>  | 2370 | 2379 |
| PennyMac Financial Services, Inc. 7.875% 12/15/2029 <sup>(a)</sup>  | 5090 | 5210 |
| PennyMac Financial Services, Inc. 6.875% 5/15/2032 <sup>(a)</sup>  | 6165 | 5955 |
| Piraeus Bank SA 6.75% 12/5/2029 (1-year EUR Mid-Swap + 3.837% on 12/5/2028) <sup>(b)</sup>  | EUR2,970 | 3696 |
| Piraeus Bank SA 5.00% 4/16/2030 (1-year EUR-ICE Swap EURIBOR + 2.245% on 4/16/2029) <sup>(b)</sup>  | 17355 | 20766 |
| PNC Bank, NA 5.373% 7/21/2036 (USD-SOFR + 1.417% on 7/21/2035) <sup>(b)</sup>  | USD5,715 | 5742 |
| PNC Financial Services Group, Inc. 5.939% 8/18/2034 (USD-SOFR + 1.946% on 8/18/2033) <sup>(b)</sup>  | 16013 | 16778 |
| PNC Financial Services Group, Inc. 6.875% 10/20/2034 (USD-SOFR + 2.284% on 10/20/2033) <sup>(b)</sup>  | 35533 | 39267 |
| PNC Financial Services Group, Inc. 5.676% 1/22/2035 (USD-SOFR + 1.902% on 1/22/2034) <sup>(b)</sup>  | 5660 | 5824 |

---

American Funds Multi-Sector Income Fund — Page 4 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Financials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| PNC Financial Services Group, Inc. 5.401% 7/23/2035 (USD-SOFR + 1.599% on 7/23/2034) <sup>(b)</sup>  | USD19,154 | $19405 |
| PNC Financial Services Group, Inc. 5.575% 1/29/2036 (USD-SOFR + 1.394% on 1/29/2035) <sup>(b)</sup>  | 6109 | 6239 |
| Power Finance Corp., Ltd. 6.15% 12/6/2028  | 1200 | 1244 |
| Power Finance Corp., Ltd. 4.50% 6/18/2029  | 3300 | 3267 |
| Power Finance Corp., Ltd. 3.90% 9/16/2029  | 2700 | 2619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PT Bank Negara Indonesia (Persero) Tbk 4.30% junior subordinated perpetual bonds (5-year UST Yield Curve <br> Rate T Note Constant Maturity + 3.466% on 3/24/2027) <sup>(b)</sup>  | 12390 | 11974 |
| Rede D'Or Finance SARL 4.50% 1/22/2030 <sup>(a)</sup>  | 1938 | 1852 |
| Royal Bank of Canada 4.65% 10/18/2030 (USD-SOFR + 1.08% on 10/18/2029) <sup>(b)</sup>  | 16732 | 16777 |
| Ryan Specialty, LLC 4.375% 2/1/2030 <sup>(a)</sup>  | 15155 | 14701 |
| Ryan Specialty, LLC 5.875% 8/1/2032 <sup>(a)</sup>  | 7971 | 7885 |
| SLM Corp. 6.50% 1/31/2030  | 845 | 830 |
| Starwood Property Trust, Inc. 5.75% 1/15/2031 <sup>(a)</sup>  | 18580 | 18371 |
| State Street Corp. 5.159% 5/18/2034 (USD-SOFR + 1.89% on 5/18/2033) <sup>(b)</sup>  | 3337 | 3380 |
| Sumisho Air Lease Corp. 4.85% 3/24/2031 <sup>(a)</sup>  | 6925 | 6841 |
| Sumisho Air Lease Corp. 5.50% 3/24/2036 <sup>(a)</sup>  | 6420 | 6328 |
| Synchrony Financial 5.45% 3/6/2031 (USD-SOFR + 1.68% on 3/6/2030) <sup>(b)</sup>  | 9674 | 9676 |
| Synchrony Financial 7.25% 2/2/2033  | 32939 | 33667 |
| Synchrony Financial 6.00% 7/29/2036 (USD-SOFR Index + 2.07% on 7/29/2035) <sup>(b)</sup>  | 10420 | 10285 |
| Toronto-Dominion Bank (The) 4.783% 12/17/2029  | 4875 | 4931 |
| Toronto-Dominion Bank (The) 4.808% 6/3/2030  | 1750 | 1765 |
| TPG Operating Group II, LP 5.375% 1/15/2036  | 2000 | 1936 |
| Travelers Cos., Inc. 5.05% 7/24/2035  | 252 | 253 |
| Truist Financial Corp. 5.071% 5/20/2031 (USD-SOFR + 1.309% on 5/20/2030) <sup>(b)</sup>  | 5130 | 5187 |
| Truist Financial Corp. 5.153% 8/5/2032 (USD-SOFR + 1.571% on 8/5/2031) <sup>(b)</sup>  | 16567 | 16791 |
| Truist Financial Corp. 5.122% 1/26/2034 (USD-SOFR + 1.60% on 1/26/2033) <sup>(b)</sup>  | 4296 | 4287 |
| Truist Financial Corp. 5.867% 6/8/2034 (USD-SOFR + 2.361% on 6/8/2033) <sup>(b)</sup>  | 22841 | 23809 |
| Truist Financial Corp. 5.711% 1/24/2035 (USD-SOFR + 1.922% on 1/24/2034) <sup>(b)</sup>  | 19988 | 20625 |
| Truist Financial Corp. 4.964% 10/23/2036 (USD-SOFR + 1.395% on 10/23/2035) <sup>(b)</sup>  | 16766 | 16246 |
| U.S. Bancorp 5.083% 5/15/2031 (USD-SOFR + 1.296% on 5/15/2030) <sup>(b)</sup>  | 3313 | 3361 |
| U.S. Bancorp 5.85% 10/21/2033 (USD-SOFR + 2.09% on 10/21/2032) <sup>(b)</sup>  | 2064 | 2172 |
| U.S. Bancorp 4.839% 2/1/2034 (USD-SOFR + 1.60% on 2/1/2033) <sup>(b)</sup>  | 697 | 689 |
| U.S. Bancorp 5.836% 6/12/2034 (USD-SOFR + 2.26% on 6/10/2033) <sup>(b)</sup>  | 10803 | 11280 |
| U.S. Bancorp 5.678% 1/23/2035 (USD-SOFR + 1.86% on 1/23/2034) <sup>(b)</sup>  | 14295 | 14769 |
| U.S. Bancorp 5.424% 2/12/2036 (USD-SOFR + 1.411% on 2/12/2035) <sup>(b)</sup>  | 33875 | 34629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UBS Group AG 2.095% 2/11/2032 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.00% on <br>2/11/2031) <sup>(a)(b)</sup>  | 2672 | 2355 |
| UBS Group AG 3.091% 5/14/2032 (USD-SOFR + 1.73% on 5/14/2031) <sup>(a)(b)</sup>  | 12584 | 11545 |
| USI, Inc. 7.50% 1/15/2032 <sup>(a)</sup>  | 5855 | 5939 |
| Voyager Parent, LLC 9.25% 7/1/2032 <sup>(a)</sup>  | 11490 | 11936 |
| Wells Fargo & Co. 5.707% 4/22/2028 (USD-SOFR + 1.07% on 4/22/2027) <sup>(b)</sup>  | 4330 | 4386 |
| Wells Fargo & Co. 2.393% 6/2/2028 (USD-SOFR + 2.10% on 6/2/2027) <sup>(b)</sup>  | 250 | 244 |
| Wells Fargo & Co. 4.478% 4/4/2031 (USD-SOFR + 4.032% on 4/4/2030) <sup>(b)</sup>  | 8905 | 8831 |
| Wells Fargo & Co. 5.557% 7/25/2034 (USD-SOFR + 1.99% on 7/25/2033) <sup>(b)</sup>  | 3725 | 3819 |
| Wells Fargo & Co. 5.605% 4/23/2036 (USD-SOFR + 1.74% on 4/23/2035) <sup>(b)</sup>  | 4773 | 4886 |
| Wells Fargo & Co. 4.96% 1/23/2037 (USD-SOFR + 1.10% on 1/23/2036) <sup>(b)</sup>  | 11925 | 11621 |
| Wells Fargo & Co. 4.611% 4/25/2053 (USD-SOFR + 2.13% on 4/25/2052) <sup>(b)</sup>  | 2030 | 1685 |
|  |  | 3033143 |
| **Health care 8.06%** |  |  |
| 1261229 B.C., Ltd. 10.00% 4/15/2032 <sup>(a)</sup>  | 18615 | 19075 |
| Abbott Laboratories 4.30% 3/15/2033  | 4000 | 3916 |
| Abbott Laboratories 4.65% 3/15/2036  | 20047 | 19611 |
| AbbVie, Inc. 4.80% 3/15/2029  | 22405 | 22768 |

---

American Funds Multi-Sector Income Fund — Page 5 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Health care (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| AbbVie, Inc. 3.20% 11/21/2029  | USD7,790 | $7511 |
| AbbVie, Inc. 4.125% 3/15/2031  | 512 | 505 |
| AbbVie, Inc. 4.40% 3/15/2033  | 1341 | 1317 |
| AbbVie, Inc. 5.05% 3/15/2034  | 74959 | 76104 |
| AbbVie, Inc. 4.75% 3/15/2036  | 9617 | 9439 |
| AbbVie, Inc. 5.35% 3/15/2044  | 1175 | 1146 |
| AbbVie, Inc. 5.40% 3/15/2054  | 1773 | 1694 |
| AbbVie, Inc. 5.55% 3/15/2056  | 6909 | 6762 |
| AbbVie, Inc. 5.50% 3/15/2064  | 1566 | 1494 |
| Accendra Health, Inc. 4.50% 3/31/2029 <sup>(a)</sup>  | 33379 | 20183 |
| Accendra Health, Inc. 6.625% 4/1/2030 <sup>(a)</sup>  | 36277 | 17291 |
| AdaptHealth, LLC 4.625% 8/1/2029 <sup>(a)</sup>  | 5706 | 5441 |
| AdaptHealth, LLC 5.125% 3/1/2030 <sup>(a)</sup>  | 3001 | 2877 |
| Amgen, Inc. 5.15% 3/2/2028  | 20440 | 20749 |
| Amgen, Inc. 5.25% 3/2/2030  | 21817 | 22408 |
| Amgen, Inc. 4.20% 2/19/2031  | 4402 | 4343 |
| Amgen, Inc. 4.20% 3/1/2033  | 10130 | 9781 |
| Amgen, Inc. 5.25% 3/2/2033  | 44211 | 45386 |
| Amgen, Inc. 4.85% 2/19/2036  | 40273 | 39585 |
| Amgen, Inc. 5.60% 3/2/2043  | 2620 | 2586 |
| Amgen, Inc. 4.875% 3/1/2053  | 4817 | 4180 |
| Amgen, Inc. 5.65% 3/2/2053  | 9518 | 9225 |
| Amgen, Inc. 5.65% 2/19/2056  | 2750 | 2668 |
| Amgen, Inc. 5.75% 3/2/2063  | 14518 | 13975 |
| Amneal Pharmaceuticals, LLC 6.875% 8/1/2032 <sup>(a)</sup>  | 1855 | 1912 |
| Ascension Health 4.923% 11/15/2035  | 8176 | 8082 |
| AthenaHealth Group, Inc. 6.50% 2/15/2030 <sup>(a)</sup>  | 5511 | 5179 |
| Avantor Funding, Inc. 4.625% 7/15/2028 <sup>(a)</sup>  | 5435 | 5308 |
| Avantor Funding, Inc. 3.875% 11/1/2029 <sup>(a)</sup>  | 13685 | 12849 |
| Bausch Health Americas, Inc. 8.50% 1/31/2027 <sup>(a)</sup>  | 28290 | 28048 |
| Bausch Health Cos., Inc. 5.25% 1/30/2030 <sup>(a)</sup>  | 3995 | 2585 |
| Bausch Health Cos., Inc. 5.25% 2/15/2031 <sup>(a)</sup>  | 8564 | 5224 |
| Baxter International, Inc. 1.915% 2/1/2027  | 905 | 884 |
| Baxter International, Inc. 2.272% 12/1/2028  | 1125 | 1049 |
| Baxter International, Inc. 4.45% 2/15/2029  | 813 | 803 |
| Baxter International, Inc. 4.90% 12/15/2030  | 1501 | 1482 |
| Baxter International, Inc. 5.65% 12/15/2035  | 51578 | 50398 |
| Baxter International, Inc. 3.132% 12/1/2051  | 8377 | 4799 |
| BioMarin Pharmaceutical, Inc. 5.50% 2/15/2034 <sup>(a)</sup>  | 20795 | 20489 |
| Bristol-Myers Squibb Co. 5.10% 2/22/2031  | 943 | 970 |
| Bristol-Myers Squibb Co. 2.95% 3/15/2032  | 1425 | 1307 |
| Bristol-Myers Squibb Co. 5.20% 2/22/2034  | 8737 | 8960 |
| Bristol-Myers Squibb Co. 5.50% 2/22/2044  | 4114 | 4042 |
| Bristol-Myers Squibb Co. 5.55% 2/22/2054  | 26906 | 25926 |
| Centene Corp. 2.45% 7/15/2028  | 2842 | 2648 |
| Centene Corp. 3.00% 10/15/2030  | 435 | 381 |
| Centene Corp. 2.50% 3/1/2031  | 28172 | 23657 |
| Centene Corp. 2.625% 8/1/2031  | 40192 | 33629 |
| Charles River Laboratories International, Inc. 4.25% 5/1/2028 <sup>(a)</sup>  | 3503 | 3426 |
| CHS / Community Health Systems, Inc. 6.875% 4/15/2029 <sup>(a)</sup>  | 1200 | 1155 |
| CHS / Community Health Systems, Inc. 5.25% 5/15/2030 <sup>(a)</sup>  | 4930 | 4650 |
| CHS / Community Health Systems, Inc. 10.875% 1/15/2032 <sup>(a)</sup>  | 4692 | 5040 |
| Cigna Group (The) 4.875% 9/15/2032  | 1375 | 1373 |
| Cigna Group (The) 5.25% 2/15/2034  | 2129 | 2156 |

---

American Funds Multi-Sector Income Fund — Page 6 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Health care (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Cigna Group (The) 5.25% 1/15/2036  | USD21,400 | $21436 |
| Cigna Group (The) 6.00% 1/15/2056  | 14159 | 14192 |
| CVS Health Corp. 1.75% 8/21/2030  | 3510 | 3097 |
| CVS Health Corp. 5.00% 9/15/2032  | 4414 | 4419 |
| CVS Health Corp. 5.45% 9/15/2035  | 58382 | 58630 |
| CVS Health Corp. 6.00% 6/1/2044  | 19360 | 19074 |
| CVS Health Corp. 6.05% 6/1/2054  | 17605 | 17096 |
| CVS Health Corp. 6.20% 9/15/2055  | 26830 | 26598 |
| CVS Health Corp. 6.00% 6/1/2063  | 1429 | 1357 |
| CVS Health Corp. 6.25% 9/15/2065  | 10000 | 9778 |
| DaVita, Inc. 4.625% 6/1/2030 <sup>(a)</sup>  | 27382 | 26344 |
| DaVita, Inc. 6.875% 9/1/2032 <sup>(a)</sup>  | 5147 | 5277 |
| DaVita, Inc. 6.75% 7/15/2033 <sup>(a)</sup>  | 12950 | 13185 |
| Elevance Health, Inc. 5.00% 1/15/2036  | 32500 | 31851 |
| Elevance Health, Inc. 5.70% 9/15/2055  | 12500 | 11894 |
| Eli Lilly and Co. 4.60% 8/14/2034  | 6292 | 6231 |
| Eli Lilly and Co. 5.10% 2/12/2035  | 7569 | 7726 |
| Eli Lilly and Co. 4.90% 10/15/2035  | 8005 | 8004 |
| EMD Finance, LLC 4.625% 10/15/2032 <sup>(a)</sup>  | 2675 | 2638 |
| Endo Finance Holdings, LP 8.50% 4/15/2031 <sup>(a)</sup>  | 19939 | 20893 |
| Fortrea Holdings, Inc. 7.50% 7/1/2030 <sup>(a)</sup>  | 626 | 594 |
| Gilead Sciences, Inc. 5.25% 10/15/2033  | 8456 | 8748 |
| Gilead Sciences, Inc. 5.10% 6/15/2035  | 21255 | 21482 |
| Gilead Sciences, Inc. 2.80% 10/1/2050  | 225 | 140 |
| Grifols SA 7.50% 5/1/2030  | EUR15,299 | 18340 |
| Humana, Inc. 5.375% 4/15/2031  | USD1,050 | 1062 |
| Humana, Inc. 5.75% 4/15/2054  | 4944 | 4449 |
| Humana, Inc. 6.00% 5/1/2055  | 2910 | 2701 |
| IQVIA, Inc. 5.00% 10/15/2026 <sup>(a)</sup>  | 7845 | 7856 |
| IQVIA, Inc. 6.50% 5/15/2030 <sup>(a)</sup>  | 4305 | 4398 |
| IQVIA, Inc. 6.25% 6/1/2032 <sup>(a)</sup>  | 14900 | 15149 |
| Johnson & Johnson 4.90% 6/1/2031  | 16330 | 16878 |
| Johnson & Johnson 4.85% 3/1/2032  | 3930 | 4043 |
| Johnson & Johnson 4.95% 6/1/2034  | 8275 | 8576 |
| Johnson & Johnson 5.25% 6/1/2054  | 2185 | 2163 |
| Medline Borrower, LP 3.875% 4/1/2029 <sup>(a)</sup>  | 26745 | 25887 |
| Medline Borrower, LP 6.25% 4/1/2029 <sup>(a)</sup>  | 8188 | 8354 |
| Medline Borrower, LP 5.25% 10/1/2029 <sup>(a)</sup>  | 22060 | 21879 |
| Molina Healthcare, Inc. 4.375% 6/15/2028 <sup>(a)</sup>  | 5000 | 4838 |
| Molina Healthcare, Inc. 3.875% 11/15/2030 <sup>(a)</sup>  | 6415 | 5740 |
| Molina Healthcare, Inc. 6.50% 2/15/2031 <sup>(a)</sup>  | 22260 | 21912 |
| Molina Healthcare, Inc. 3.875% 5/15/2032 <sup>(a)</sup>  | 22230 | 19326 |
| Molina Healthcare, Inc. 6.25% 1/15/2033 <sup>(a)</sup>  | 21949 | 21295 |
| Novartis Capital Corp. 4.90% 3/18/2036  | 2341 | 2336 |
| Novartis Capital Corp. 5.60% 3/18/2046  | 298 | 299 |
| Novartis Capital Corp. 5.70% 3/18/2056  | 1100 | 1109 |
| Organon & Co. 4.125% 4/30/2028 <sup>(a)</sup>  | 15000 | 14564 |
| Perrigo Finance Unlimited Co. 6.125% 9/30/2032  | 2550 | 2329 |
| Pfizer Investment Enterprises Pte., Ltd. 4.45% 5/19/2028  | 383 | 385 |
| Pfizer Investment Enterprises Pte., Ltd. 4.75% 5/19/2033  | 2425 | 2416 |
| Pfizer Investment Enterprises Pte., Ltd. 5.11% 5/19/2043  | 8745 | 8258 |
| Pfizer Investment Enterprises Pte., Ltd. 5.30% 5/19/2053  | 18017 | 16756 |
| Pfizer, Inc. 4.50% 11/15/2032  | 1450 | 1439 |
| Pfizer, Inc. 4.875% 11/15/2035  | 2200 | 2179 |

---

American Funds Multi-Sector Income Fund — Page 7 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Health care (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Pfizer, Inc. 5.60% 11/15/2055  | USD2,000 | $1961 |
| Radiology Partners, Inc. 9.781% PIK 2/15/2030 <sup>(a)(d)</sup>  | 12074 | 11042 |
| Radiology Partners, Inc. 8.50% 7/15/2032 <sup>(a)</sup>  | 6470 | 6568 |
| Rede D'Or Finance SARL 4.95% 1/17/2028  | 590 | 584 |
| Rede D'Or Finance SARL 4.50% 1/22/2030  | 2590 | 2475 |
| Roche Holdings, Inc. 2.076% 12/13/2031 <sup>(a)</sup>  | 231 | 203 |
| Roche Holdings, Inc. 4.985% 3/8/2034 <sup>(a)</sup>  | 9098 | 9232 |
| Roche Holdings, Inc. 4.592% 9/9/2034 <sup>(a)</sup>  | 3214 | 3166 |
| Roche Holdings, Inc. 5.218% 3/8/2054 <sup>(a)</sup>  | 2645 | 2530 |
| Sotera Health Holdings, LLC 7.375% 6/1/2031 <sup>(a)</sup>  | 16415 | 16977 |
| Surgery Center Holdings, Inc. 7.25% 4/15/2032 <sup>(a)</sup>  | 19790 | 19462 |
| Takeda U.S. Financing, Inc. 5.20% 7/7/2035  | 59751 | 59777 |
| Takeda U.S. Financing, Inc. 5.90% 7/7/2055  | 4152 | 4139 |
| Tenet Healthcare Corp. 5.125% 11/1/2027  | 6310 | 6308 |
| Tenet Healthcare Corp. 6.125% 10/1/2028  | 5236 | 5251 |
| Tenet Healthcare Corp. 4.25% 6/1/2029  | 13930 | 13516 |
| Tenet Healthcare Corp. 6.75% 5/15/2031  | 23610 | 24147 |
| Teva Pharmaceutical Finance Netherlands III BV 4.75% 5/9/2027  | 5319 | 5313 |
| Teva Pharmaceutical Finance Netherlands III BV 6.75% 3/1/2028  | 29705 | 30460 |
| Teva Pharmaceutical Finance Netherlands III BV 5.125% 5/9/2029  | 23545 | 23484 |
| Teva Pharmaceutical Finance Netherlands III BV 7.875% 9/15/2029  | 9250 | 9917 |
| Teva Pharmaceutical Finance Netherlands III BV 8.125% 9/15/2031  | 28166 | 31523 |
| Teva Pharmaceutical Finance Netherlands III BV 6.00% 12/1/2032  | 5140 | 5279 |
| Teva Pharmaceutical Finance Netherlands III BV 4.10% 10/1/2046  | 30210 | 22431 |
| Teva Pharmaceutical Finance Netherlands IV BV 5.75% 12/1/2030  | 13950 | 14136 |
| Thermo Fisher Scientific, Inc. 4.55% 6/15/2033  | 1603 | 1584 |
| Thermo Fisher Scientific, Inc. 4.902% 2/12/2036  | 4889 | 4856 |
| UnitedHealth Group, Inc. 5.15% 7/15/2034  | 11567 | 11670 |
| UnitedHealth Group, Inc. 5.30% 6/15/2035  | 46275 | 47229 |
| UnitedHealth Group, Inc. 5.50% 7/15/2044  | 16454 | 15889 |
| UnitedHealth Group, Inc. 2.90% 5/15/2050  | 10518 | 6553 |
| UnitedHealth Group, Inc. 3.25% 5/15/2051  | 221 | 146 |
| UnitedHealth Group, Inc. 4.75% 5/15/2052  | 1210 | 1019 |
| UnitedHealth Group, Inc. 5.625% 7/15/2054  | 4885 | 4659 |
| UnitedHealth Group, Inc. 5.95% 6/15/2055  | 27130 | 27351 |
| UnitedHealth Group, Inc. 4.95% 5/15/2062  | 159 | 134 |
| UnitedHealth Group, Inc. 6.05% 2/15/2063  | 124 | 124 |
|  |  | 1719126 |
| **Communication services 7.84%** |  |  |
| Alphabet, Inc. 4.375% 11/15/2032  | 7882 | 7840 |
| Alphabet, Inc. 4.40% 2/15/2033  | 6441 | 6363 |
| Alphabet, Inc. 4.70% 11/15/2035  | 22817 | 22552 |
| Alphabet, Inc. 4.80% 2/15/2036  | 14073 | 14018 |
| Altice France 6.50% 4/15/2032 <sup>(a)</sup>  | 33408 | 31684 |
| Altice France 6.875% 7/15/2032 <sup>(a)</sup>  | 31983 | 30334 |
| AT&T, Inc. 5.375% 8/15/2035  | 1000 | 1013 |
| AT&T, Inc. 3.50% 9/15/2053  | 10575 | 6940 |
| AT&T, Inc. 3.55% 9/15/2055  | 10615 | 6909 |
| CCO Holdings, LLC 5.00% 2/1/2028 <sup>(a)</sup>  | 33689 | 33433 |
| CCO Holdings, LLC 6.375% 9/1/2029 <sup>(a)</sup>  | 7120 | 7146 |
| CCO Holdings, LLC 4.75% 3/1/2030 <sup>(a)</sup>  | 19736 | 18739 |
| CCO Holdings, LLC 4.50% 8/15/2030 <sup>(a)</sup>  | 7631 | 7136 |
| CCO Holdings, LLC 4.25% 2/1/2031 <sup>(a)</sup>  | 23425 | 21366 |

---

American Funds Multi-Sector Income Fund — Page 8 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Communication services (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| CCO Holdings, LLC 4.75% 2/1/2032 <sup>(a)</sup>  | USD904 | $818 |
| CCO Holdings, LLC 4.50% 5/1/2032  | 13572 | 12136 |
| CCO Holdings, LLC 7.00% 2/1/2033 <sup>(a)</sup>  | 36920 | 37058 |
| CCO Holdings, LLC 4.50% 6/1/2033 <sup>(a)</sup>  | 22772 | 19842 |
| CCO Holdings, LLC 4.25% 1/15/2034 <sup>(a)</sup>  | 49439 | 42341 |
| CCO Holdings, LLC 7.375% 2/1/2036 <sup>(a)</sup>  | 28630 | 28537 |
| Charter Communications Operating, LLC 6.10% 6/1/2029  | 2197 | 2276 |
| Charter Communications Operating, LLC 4.40% 4/1/2033  | 11000 | 10290 |
| Charter Communications Operating, LLC 6.65% 2/1/2034  | 9680 | 10103 |
| Charter Communications Operating, LLC 6.384% 10/23/2035  | 8565 | 8703 |
| Charter Communications Operating, LLC 4.80% 3/1/2050  | 18426 | 13633 |
| Charter Communications Operating, LLC 3.70% 4/1/2051  | 52596 | 32584 |
| Charter Communications Operating, LLC 3.90% 6/1/2052  | 29758 | 18962 |
| Charter Communications Operating, LLC 5.25% 4/1/2053  | 30314 | 23796 |
| Charter Communications Operating, LLC 6.70% 12/1/2055  | 2581 | 2468 |
| Charter Communications Operating, LLC 3.85% 4/1/2061  | 7140 | 4174 |
| Clear Channel Outdoor Holdings, Inc. 7.75% 4/15/2028 <sup>(a)</sup>  | 6335 | 6369 |
| Clear Channel Outdoor Holdings, Inc. 7.50% 6/1/2029 <sup>(a)</sup>  | 725 | 729 |
| Clear Channel Outdoor Holdings, Inc. 7.125% 2/15/2031 <sup>(a)</sup>  | 7600 | 7967 |
| Comcast Corp. 5.65% 6/1/2054  | 6245 | 5759 |
| Comcast Corp. 6.05% 5/15/2055  | 850 | 842 |
| Connect Finco SARL 9.00% 9/15/2029 <sup>(a)</sup>  | 72270 | 76013 |
| CSC Holdings, LLC 5.50% 4/15/2027 <sup>(a)</sup>  | 4570 | 3969 |
| DIRECTV Financing, LLC 5.875% 8/15/2027 <sup>(a)</sup>  | 11382 | 11377 |
| DIRECTV Financing, LLC 8.875% 2/1/2030 <sup>(a)</sup>  | 37720 | 37683 |
| DIRECTV Financing, LLC 10.00% 2/15/2031 <sup>(a)</sup>  | 2400 | 2452 |
| Discovery Communications, LLC 3.625% 5/15/2030  | 1000 | 931 |
| Discovery Communications, LLC 3.625% 5/15/2030  | 700 | 595 |
| DISH Network Corp. 11.75% 11/15/2027 <sup>(a)</sup>  | 40121 | 41356 |
| EchoStar Corp. 10.75% 11/30/2029  | 48073 | 51960 |
| EchoStar Corp. 6.75% Cash 11/30/2030 <sup>(d)</sup>  | 34998 | 35384 |
| Embarq, LLC 7.995% 6/1/2036  | 12515 | 4013 |
| Frontier Communications Holdings, LLC 5.00% 5/1/2028 <sup>(a)</sup>  | 875 | 875 |
| Frontier Communications Holdings, LLC 6.75% 5/1/2029 <sup>(a)</sup>  | 20690 | 20729 |
| Frontier Communications Holdings, LLC 5.875% 11/1/2029  | 13011 | 13098 |
| Frontier Communications Holdings, LLC 6.00% 1/15/2030 <sup>(a)</sup>  | 10781 | 10852 |
| Frontier Communications Holdings, LLC 8.75% 5/15/2030 <sup>(a)</sup>  | 850 | 873 |
| Gray Media, Inc. 10.50% 7/15/2029 <sup>(a)</sup>  | 14899 | 15841 |
| Gray Media, Inc. 4.75% 10/15/2030 <sup>(a)</sup>  | 5772 | 4460 |
| Gray Media, Inc. 5.375% 11/15/2031 <sup>(a)</sup>  | 14442 | 10735 |
| Gray Media, Inc. 9.625% 7/15/2032 <sup>(a)</sup>  | 13935 | 13947 |
| Gray Media, Inc. 7.25% 8/15/2033 <sup>(a)</sup>  | 21769 | 21953 |
| HTA Group, Ltd. 6.75% 4/1/2031 <sup>(a)</sup>  | 5000 | 4948 |
| IHS Holding, Ltd. 7.875% 5/29/2030  | 4500 | 4563 |
| Lamar Media Corp. 3.625% 1/15/2031  | 6500 | 6019 |
| Lamar Media Corp. 5.375% 11/1/2033 <sup>(a)</sup>  | 9030 | 8846 |
| Ligado Networks, LLC 17.50% PIK 11/1/2023 <sup>(a)(d)(e)</sup>  | 2577 | 837 |
| Lindblad Expeditions, LLC 7.00% 9/15/2030 <sup>(a)</sup>  | 8080 | 8255 |
| Meta Platforms, Inc. 4.60% 11/15/2032  | 1768 | 1751 |
| Meta Platforms, Inc. 4.875% 11/15/2035  | 35677 | 35015 |
| Meta Platforms, Inc. 5.50% 11/15/2045  | 14386 | 13623 |
| Meta Platforms, Inc. 4.45% 8/15/2052  | 38715 | 30479 |
| Meta Platforms, Inc. 5.40% 8/15/2054  | 5275 | 4782 |
| Meta Platforms, Inc. 5.625% 11/15/2055  | 31424 | 29478 |

---

American Funds Multi-Sector Income Fund — Page 9 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Communication services (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Meta Platforms, Inc. 5.75% 11/15/2065  | USD14,790 | $13748 |
| News Corp. 3.875% 5/15/2029 <sup>(a)</sup>  | 17852 | 17233 |
| Nexstar Media, Inc. 5.625% 7/15/2027 <sup>(a)</sup>  | 3695 | 3697 |
| Nexstar Media, Inc. 4.75% 11/1/2028 <sup>(a)</sup>  | 16685 | 16418 |
| Nexstar Media, Inc. 6.50% 9/15/2033 <sup>(a)</sup>  | 59550 | 60040 |
| Nexstar Media, Inc. 7.25% 4/15/2034 <sup>(a)</sup>  | 48882 | 49079 |
| Oak-Eagle AcquireCo, Inc. 7.25% 7/1/2033 <sup>(a)</sup>  | 11120 | 11529 |
| Oak-Eagle AcquireCo, Inc. 8.75% 7/1/2034 <sup>(a)</sup>  | 11480 | 12026 |
| Orange 4.75% 1/13/2033 <sup>(a)</sup>  | 8991 | 8894 |
| Orange 5.00% 1/13/2036 <sup>(a)</sup>  | 43774 | 43012 |
| Orange 5.75% 1/13/2056 <sup>(a)</sup>  | 938 | 932 |
| Paramount Global 4.95% 5/19/2050  | 1000 | 597 |
| PLDT, Inc. 2.50% 1/23/2031  | 5500 | 5025 |
| Sinclair Television Group, Inc. 8.125% 2/15/2033 <sup>(a)</sup>  | 1000 | 1018 |
| Sirius XM Radio, LLC 4.00% 7/15/2028 <sup>(a)</sup>  | 11355 | 10967 |
| Sirius XM Radio, LLC 5.50% 7/1/2029 <sup>(a)</sup>  | 16910 | 16864 |
| Sirius XM Radio, LLC 4.125% 7/1/2030 <sup>(a)</sup>  | 28210 | 26432 |
| Sirius XM Radio, LLC 3.875% 9/1/2031 <sup>(a)</sup>  | 37355 | 33949 |
| Sirius XM Radio, LLC 5.875% 4/15/2032 <sup>(a)</sup>  | 7340 | 7299 |
| Snap, Inc. 6.875% 3/1/2033 <sup>(a)</sup>  | 38010 | 35923 |
| Tencent Holdings, Ltd. 3.975% 4/11/2029  | 1070 | 1067 |
| Tencent Holdings, Ltd. 3.68% 4/22/2041  | 328 | 281 |
| Tencent Holdings, Ltd. 3.24% 6/3/2050  | 3099 | 2180 |
| Tencent Holdings, Ltd. 3.24% 6/3/2050 <sup>(a)</sup>  | 775 | 545 |
| Tencent Holdings, Ltd. 3.84% 4/22/2051  | 6218 | 4819 |
| T-Mobile USA, Inc. 3.875% 4/15/2030  | 300 | 292 |
| T-Mobile USA, Inc. 2.55% 2/15/2031  | 6758 | 6143 |
| Univision Communications, Inc. 8.00% 8/15/2028 <sup>(a)</sup>  | 3620 | 3676 |
| Univision Communications, Inc. 4.50% 5/1/2029 <sup>(a)</sup>  | 47099 | 44283 |
| Univision Communications, Inc. 7.375% 6/30/2030 <sup>(a)</sup>  | 21601 | 21182 |
| Univision Communications, Inc. 8.50% 7/31/2031 <sup>(a)</sup>  | 19865 | 19977 |
| Univision Communications, Inc. 9.375% 8/1/2032 <sup>(a)</sup>  | 36790 | 37944 |
| Verizon Communications, Inc. 1.75% 1/20/2031  | 3301 | 2895 |
| Verizon Communications, Inc. 2.55% 3/21/2031  | 853 | 775 |
| Verizon Communications, Inc. 2.355% 3/15/2032  | 965 | 843 |
| Verizon Communications, Inc. 4.75% 1/15/2033  | 2491 | 2461 |
| Verizon Communications, Inc. 5.00% 1/15/2036  | 14197 | 13908 |
| Verizon Communications, Inc. 5.75% 11/30/2045  | 2274 | 2216 |
| Verizon Communications, Inc. 5.875% 11/30/2055  | 2324 | 2262 |
| Verizon Communications, Inc. 6.00% 11/30/2065  | 1100 | 1067 |
| Versant Media Group, Inc. 7.25% 1/30/2031 <sup>(a)</sup>  | 7360 | 7538 |
| Virgin Media Secured Finance PLC 4.50% 8/15/2030 <sup>(a)</sup>  | 3425 | 3040 |
| VMED 02 UK Financing I PLC 4.25% 1/31/2031 <sup>(a)</sup>  | 2730 | 2347 |
| WarnerMedia Holdings, Inc. 4.054% 3/15/2029  | 21270 | 20592 |
| WarnerMedia Holdings, Inc. 4.054% 3/15/2029  | 1800 | 1710 |
| WarnerMedia Holdings, Inc. 4.279% 3/15/2032  | 13960 | 12372 |
| WarnerMedia Holdings, Inc. 5.05% 3/15/2042  | 58984 | 39007 |
| WarnerMedia Holdings, Inc. 5.141% 3/15/2052  | 1394 | 849 |
| WMG Acquisition Corp. 3.75% 12/1/2029 <sup>(a)</sup>  | 1805 | 1719 |
| WMG Acquisition Corp. 3.875% 7/15/2030 <sup>(a)</sup>  | 3320 | 3123 |
| Ziggo BV 4.875% 1/15/2030 <sup>(a)</sup>  | 3265 | 3052 |
|  |  | 1671399 |

---

American Funds Multi-Sector Income Fund — Page 10 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Energy 7.73%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| 3R Lux SARL 9.75% 2/5/2031 <sup>(a)</sup>  | USD7,441 | $7646 |
| AI Candelaria (Spain) SA 5.75% 6/15/2033 <sup>(a)</sup>  | 2135 | 1884 |
| Antero Midstream Partners, LP 5.75% 7/1/2034 <sup>(a)</sup>  | 8095 | 7982 |
| Antero Resources Corp. 5.40% 2/1/2036  | 16295 | 16035 |
| APA Corp. 4.25% 1/15/2030  | 841 | 828 |
| APA Corp. 5.25% 2/1/2042  | 397 | 340 |
| Archrock Services, LP 6.00% 2/1/2034 <sup>(a)</sup>  | 1605 | 1590 |
| Ascent Resources Utica Holdings, LLC 5.875% 6/30/2029 <sup>(a)</sup>  | 24090 | 24081 |
| Ascent Resources Utica Holdings, LLC 6.625% 10/15/2032 <sup>(a)</sup>  | 2995 | 3040 |
| Ascent Resources Utica Holdings, LLC 6.625% 7/15/2033 <sup>(a)</sup>  | 8585 | 8738 |
| BIP-V Chinook Holdco, LLC 5.50% 6/15/2031 <sup>(a)</sup>  | 13295 | 12972 |
| Blue Racer Midstream, LLC 7.00% 7/15/2029 <sup>(a)</sup>  | 7035 | 7272 |
| Blue Racer Midstream, LLC 7.25% 7/15/2032 <sup>(a)</sup>  | 1580 | 1642 |
| Borr IHC, Ltd. 10.00% 11/15/2028 <sup>(a)</sup>  | 23148 | 23757 |
| Borr IHC, Ltd. 10.375% 11/15/2030 <sup>(a)</sup>  | 2305 | 2342 |
| Caturus Energy, LLC 8.50% 2/15/2030 <sup>(a)</sup>  | 3140 | 3260 |
| Chevron Corp. 2.236% 5/11/2030  | 4875 | 4503 |
| CITGO Petroleum Corp. 8.375% 1/15/2029 <sup>(a)</sup>  | 4955 | 5120 |
| CNX Resources Corp. 7.375% 1/15/2031 <sup>(a)</sup>  | 7110 | 7310 |
| CNX Resources Corp. 7.25% 3/1/2032 <sup>(a)</sup>  | 16755 | 17276 |
| CNX Resources Corp. 5.875% 3/1/2034 <sup>(a)</sup>  | 10225 | 9965 |
| Comstock Resources, Inc. 6.75% 3/1/2029 <sup>(a)</sup>  | 10515 | 10387 |
| Comstock Resources, Inc. 5.875% 1/15/2030 <sup>(a)</sup>  | 20675 | 20031 |
| ConocoPhillips Co. 3.80% 3/15/2052  | 1311 | 959 |
| ConocoPhillips Co. 5.55% 3/15/2054  | 968 | 928 |
| ConocoPhillips Co. 5.50% 1/15/2055  | 1540 | 1472 |
| Constellation Oil Services Holding SA 9.375% 11/7/2029 <sup>(a)</sup>  | 33655 | 35031 |
| Crescent Energy Finance, LLC 7.625% 4/1/2032 <sup>(a)</sup>  | 20310 | 20622 |
| Crescent Energy Finance, LLC 7.875% 4/15/2032 <sup>(a)</sup>  | 15590 | 15939 |
| Crescent Energy Finance, LLC 7.375% 1/15/2033 <sup>(a)</sup>  | 10875 | 10880 |
| Crescent Energy Finance, LLC 8.375% 1/15/2034 <sup>(a)</sup>  | 5875 | 6147 |
| Devon Energy Corp. 5.75% 9/15/2054  | 15780 | 14842 |
| Diamondback Energy, Inc. 5.15% 1/30/2030  | 6068 | 6197 |
| Diamondback Energy, Inc. 5.75% 4/18/2054  | 9976 | 9441 |
| Diamondback Energy, Inc. 5.90% 4/18/2064  | 6690 | 6336 |
| DT Midstream, Inc. 4.125% 6/15/2029 <sup>(a)</sup>  | 1700 | 1665 |
| DT Midstream, Inc. 4.375% 6/15/2031 <sup>(a)</sup>  | 10020 | 9662 |
| Ecopetrol SA 8.625% 1/19/2029  | 3196 | 3380 |
| Ecopetrol SA 7.75% 2/1/2032  | 7985 | 8070 |
| Ecopetrol SA 8.875% 1/13/2033  | 12455 | 13120 |
| Ecopetrol SA 8.375% 1/19/2036  | 4350 | 4414 |
| EIG Pearl Holdings SARL 3.545% 8/31/2036  | 10984 | 9842 |
| Energean Israel Finance, Ltd. 5.875% 3/30/2031 <sup>(a)</sup>  | 4855 | 4522 |
| Energy Transfer, LP 6.00% 2/1/2029 <sup>(a)</sup>  | 1165 | 1174 |
| Energy Transfer, LP 5.20% 4/1/2030  | 5040 | 5154 |
| Energy Transfer, LP 7.375% 2/1/2031 <sup>(a)</sup>  | 291 | 302 |
| Enterprise Products Operating, LLC 5.20% 1/15/2036  | 1493 | 1502 |
| EOG Resources, Inc. 4.40% 7/15/2028  | 558 | 560 |
| EOG Resources, Inc. 4.375% 4/15/2030  | 3275 | 3266 |
| EOG Resources, Inc. 5.65% 12/1/2054  | 209 | 204 |
| EOG Resources, Inc. 5.95% 7/15/2055  | 3510 | 3572 |
| EQT Corp. 4.50% 1/15/2029  | 1565 | 1562 |
| EQT Corp. 4.75% 1/15/2031  | 7639 | 7602 |
| EQT Corp. 3.625% 5/15/2031 <sup>(a)</sup>  | 5514 | 5149 |

---

American Funds Multi-Sector Income Fund — Page 11 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Energy (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Expand Energy Corp. 5.875% 2/1/2029 <sup>(a)</sup>  | USD2,709 | $2711 |
| Expand Energy Corp. 4.75% 2/1/2032  | 1236 | 1205 |
| Exxon Mobil Corp. 2.61% 10/15/2030  | 5545 | 5182 |
| Exxon Mobil Corp. 3.452% 4/15/2051  | 6605 | 4709 |
| FORESEA Holding SA 7.50% 6/15/2030  | 3560 | 3498 |
| Galaxy Pipeline Assets Bidco, Ltd. 2.94% 9/30/2040  | 10599 | 8590 |
| Genesis Energy, LP 8.25% 1/15/2029  | 6985 | 7222 |
| Genesis Energy, LP 8.875% 4/15/2030  | 6989 | 7302 |
| Genesis Energy, LP 7.875% 5/15/2032  | 5795 | 5963 |
| Genesis Energy, LP 6.75% 3/15/2034  | 7340 | 7310 |
| GeoPark, Ltd. 8.75% 1/31/2030 <sup>(a)</sup>  | 30766 | 30332 |
| GeoPark, Ltd. 8.75% 1/31/2030  | 1494 | 1473 |
| Global Partners, LP 8.25% 1/15/2032 <sup>(a)</sup>  | 4320 | 4482 |
| GreenSaif Pipelines Bidco SARL 5.853% 2/23/2036 <sup>(a)</sup>  | 29550 | 29689 |
| Guara Norte SARL 5.198% 6/15/2034  | 3638 | 3529 |
| Guara Norte SARL 5.198% 6/15/2034 <sup>(a)</sup>  | 1400 | 1358 |
| Gulfport Energy Operating Corp. 6.75% 9/1/2029 <sup>(a)</sup>  | 5153 | 5277 |
| Harvest Midstream I, LP 7.50% 9/1/2028 <sup>(a)</sup>  | 11520 | 11638 |
| Harvest Midstream I, LP 7.50% 5/15/2032 <sup>(a)</sup>  | 4795 | 4897 |
| Hess Midstream Operations, LP 5.875% 3/1/2028 <sup>(a)</sup>  | 1835 | 1848 |
| Hess Midstream Operations, LP 5.50% 10/15/2030 <sup>(a)</sup>  | 6605 | 6556 |
| Hilcorp Energy I, LP 6.00% 4/15/2030 <sup>(a)</sup>  | 7201 | 7014 |
| Hilcorp Energy I, LP 6.00% 2/1/2031 <sup>(a)</sup>  | 2888 | 2809 |
| Hilcorp Energy I, LP 6.25% 4/15/2032 <sup>(a)</sup>  | 3086 | 2989 |
| Hilcorp Energy I, LP 8.375% 11/1/2033 <sup>(a)</sup>  | 8152 | 8511 |
| Infinity Natural Resources, LLC 7.625% 4/1/2031 <sup>(a)</sup>  | 3835 | 3858 |
| Kodiak Gas Services, LLC 7.25% 2/15/2029 <sup>(a)</sup>  | 3800 | 3939 |
| Kodiak Gas Services, LLC 5.875% 4/1/2031 <sup>(a)</sup>  | 4160 | 4183 |
| Kodiak Gas Services, LLC 6.50% 10/1/2033 <sup>(a)</sup>  | 4980 | 5037 |
| Kodiak Gas Services, LLC 6.75% 10/1/2035 <sup>(a)</sup>  | 4980 | 5063 |
| Kraken Oil & Gas Partners, LLC 7.625% 8/15/2029 <sup>(a)</sup>  | 6725 | 6871 |
| Leviathan Bond, Ltd. 6.75% 6/30/2030 <sup>(a)</sup>  | 8090 | 8228 |
| Matador Resources Co. 6.25% 4/15/2033 <sup>(a)</sup>  | 13040 | 13061 |
| Matador Resources Co. 6.00% 4/15/2034 <sup>(a)</sup>  | 3755 | 3734 |
| Mesquite Energy, Inc. 7.25% 2/15/2023 <sup>(a)(e)(f)</sup>  | 27 | — <br><sup>(g)</sup><br>|
| Modec Finance BV 7.84% 7/15/2026 <sup>(c)(f)</sup>  | 9000 | 9104 |
| MPLX, LP 5.40% 9/15/2035  | 11387 | 11341 |
| Murphy Oil Corp. 6.00% 10/1/2032  | 6585 | 6545 |
| MV24 Capital BV 6.748% 6/1/2034  | 5685 | 5678 |
| Nabors Industries, Inc. 9.125% 1/31/2030 <sup>(a)</sup>  | 15870 | 16672 |
| Nabors Industries, Inc. 7.625% 11/15/2032 <sup>(a)</sup>  | 5295 | 5424 |
| NFE Brazil Financing, Ltd. 15.00% PIK or 15.00% Cash 8/30/2029 <sup>(c)(d)(f)</sup>  | 25587 | 25587 |
| NFE Financing, LLC 12.00% 11/15/2029 <sup>(a)(e)</sup>  | 209996 | 95150 |
| NGL Energy Operating, LLC 8.125% 2/15/2029 <sup>(a)</sup>  | 5896 | 6078 |
| NGL Energy Operating, LLC 8.375% 2/15/2032 <sup>(a)</sup>  | 11045 | 11390 |
| Noble Finance II, LLC 8.00% 4/15/2030 <sup>(a)</sup>  | 23575 | 24285 |
| Northern Oil and Gas, Inc. 8.75% 6/15/2031 <sup>(a)</sup>  | 16195 | 16850 |
| Northern Oil and Gas, Inc. 7.875% 10/15/2033 <sup>(a)</sup>  | 6345 | 6569 |
| Occidental Petroleum Corp. 4.40% 8/15/2049  | 1907 | 1402 |
| Odebrecht Drilling Services, LLC 7.50% 6/15/2030 <sup>(a)</sup>  | 8875 | 8721 |
| Oleoducto Central SA 4.00% 7/14/2027 <sup>(a)</sup>  | 4310 | 4256 |
| Oleoducto Central SA 4.00% 7/14/2027  | 950 | 938 |
| Permian Resources Operating, LLC 8.00% 4/15/2027 <sup>(a)</sup>  | 3960 | 3966 |
| Permian Resources Operating, LLC 5.875% 7/1/2029 <sup>(a)</sup>  | 10645 | 10663 |

---

American Funds Multi-Sector Income Fund — Page 12 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Energy (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Permian Resources Operating, LLC 9.875% 7/15/2031 <sup>(a)</sup>  | USD6,846 | $7270 |
| Permian Resources Operating, LLC 7.00% 1/15/2032 <sup>(a)</sup>  | 7905 | 8191 |
| Permian Resources Operating, LLC 6.25% 2/1/2033 <sup>(a)</sup>  | 4660 | 4750 |
| Petroleos Mexicanos 8.75% 6/2/2029  | 9606 | 10104 |
| Petroleos Mexicanos 6.84% 1/23/2030  | 19000 | 19054 |
| Petroleos Mexicanos 5.95% 1/28/2031  | 16100 | 15405 |
| Petroleos Mexicanos 6.70% 2/16/2032  | 3761 | 3684 |
| Petroleos Mexicanos 6.375% 1/23/2045  | 1432 | 1129 |
| Petroleos Mexicanos 6.75% 9/21/2047  | 3514 | 2807 |
| Petroleos Mexicanos 6.35% 2/12/2048  | 582 | 446 |
| Petroleos Mexicanos 7.69% 1/23/2050  | 3705 | 3211 |
| Petroleos Mexicanos 6.95% 1/28/2060  | 8653 | 6825 |
| PETRONAS Capital, Ltd. 3.50% 4/21/2030  | 9390 | 9055 |
| PETRONAS Capital, Ltd. 3.50% 4/21/2030 <sup>(a)</sup>  | 1300 | 1254 |
| PETRONAS Capital, Ltd. 5.34% 4/3/2035 <sup>(a)</sup>  | 3925 | 4031 |
| PETRONAS Capital, Ltd. 4.55% 4/21/2050 <sup>(a)</sup>  | 800 | 689 |
| Pluspetrol SA 8.125% 5/18/2031 <sup>(a)</sup>  | 5000 | 5109 |
| Pluspetrol SA 8.50% 5/30/2032 <sup>(a)</sup>  | 10600 | 11023 |
| PTTEP Treasury Center Co., Ltd. 2.993% 1/15/2030  | 1474 | 1394 |
| Raizen Fuels Finance SA 6.25% 7/8/2032 <sup>(e)</sup>  | 3366 | 1868 |
| Raizen Fuels Finance SA 6.45% 3/5/2034 <sup>(e)</sup>  | 3134 | 1726 |
| Raizen Fuels Finance SA 6.45% 3/5/2034 <sup>(a)(e)</sup>  | 2255 | 1242 |
| Raizen Fuels Finance SA 6.70% 2/25/2037 <sup>(a)(e)</sup>  | 16930 | 9153 |
| Range Resources Corp. 4.75% 2/15/2030 <sup>(a)</sup>  | 2920 | 2849 |
| Repsol E&P Capital Markets US, LLC 5.976% 9/16/2035 <sup>(a)</sup>  | 11563 | 11776 |
| Saturn Oil & Gas, Inc. 9.625% 6/15/2029 <sup>(a)</sup>  | 1072 | 1123 |
| Saudi Arabian Oil Co. 4.375% 2/2/2031 <sup>(a)</sup>  | 2206 | 2146 |
| Saudi Arabian Oil Co. 5.00% 2/2/2036 <sup>(a)</sup>  | 733 | 705 |
| Seadrill Finance, Ltd. 8.375% 8/1/2030 <sup>(a)</sup>  | 5395 | 5583 |
| Shell Finance US, Inc. 2.75% 4/6/2030  | 6236 | 5873 |
| Shell Finance US, Inc. 3.25% 4/6/2050  | 24 | 16 |
| Shell Finance US, Inc. 3.00% 11/26/2051 <sup>(a)</sup>  | 14693 | 9365 |
| SM Energy Co. 8.375% 7/1/2028 <sup>(a)</sup>  | 14520 | 14928 |
| SM Energy Co. 6.50% 7/15/2028  | 590 | 592 |
| SM Energy Co. 8.625% 11/1/2030 <sup>(a)</sup>  | 4460 | 4708 |
| SM Energy Co. 8.75% 7/1/2031 <sup>(a)</sup>  | 24235 | 25345 |
| SM Energy Co. 9.625% 6/15/2033 <sup>(a)</sup>  | 15905 | 17581 |
| SM Energy Co. 6.625% 4/15/2034 <sup>(a)</sup>  | 6410 | 6397 |
| Suburban Propane Partners, LP 5.00% 6/1/2031 <sup>(a)</sup>  | 4820 | 4540 |
| Summit Midstream Holdings, LLC 8.625% 10/31/2029 <sup>(a)</sup>  | 13665 | 14063 |
| Sunoco, LP 7.00% 5/1/2029 <sup>(a)</sup>  | 30180 | 31013 |
| Sunoco, LP 4.50% 5/15/2029  | 7561 | 7378 |
| Sunoco, LP 4.50% 4/30/2030  | 525 | 506 |
| Sunoco, LP 5.625% 3/15/2031 <sup>(a)</sup>  | 6435 | 6410 |
| Sunoco, LP 5.375% 7/15/2031 <sup>(a)</sup>  | 12420 | 12329 |
| Sunoco, LP 7.25% 5/1/2032 <sup>(a)</sup>  | 11475 | 11880 |
| Sunoco, LP 6.25% 7/1/2033 <sup>(a)</sup>  | 2565 | 2578 |
| Sunoco, LP 5.875% 3/15/2034 <sup>(a)</sup>  | 8175 | 8090 |
| Sunoco, LP 5.625% 7/15/2034 <sup>(a)</sup>  | 12280 | 12101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sunoco, LP 7.875% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity <br> + 4.23% on 9/18/2030) <sup>(a)(b)</sup>  | 9485 | 9692 |
| Superior Plus, LP 4.50% 3/15/2029 <sup>(a)</sup>  | 5128 | 4906 |
| Talos Production, Inc. 9.00% 2/1/2029 <sup>(a)</sup>  | 10630 | 11073 |
| Talos Production, Inc. 9.375% 2/1/2031 <sup>(a)</sup>  | 14475 | 15348 |

---

American Funds Multi-Sector Income Fund — Page 13 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Energy (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Targa Resources Corp. 5.40% 7/30/2036  | USD9,945 | $9876 |
| Targa Resources Partners, LP 4.875% 2/1/2031  | 939 | 938 |
| TotalEnergies Capital International SA 3.127% 5/29/2050  | 10211 | 6756 |
| TotalEnergies Capital SA 5.488% 4/5/2054  | 1225 | 1177 |
| TotalEnergies Capital SA 5.275% 9/10/2054  | 3025 | 2824 |
| TotalEnergies Capital USA, LLC 4.248% 1/13/2031  | 7433 | 7367 |
| Transocean Aquila, Ltd. 8.00% 9/30/2028 <sup>(a)</sup>  | 3498 | 3597 |
| Transocean International, Ltd. 8.25% 5/15/2029 <sup>(a)</sup>  | 4882 | 5047 |
| Transocean International, Ltd. 8.75% 2/15/2030 <sup>(a)</sup>  | 17375 | 18124 |
| Transocean International, Ltd. 8.50% 5/15/2031 <sup>(a)</sup>  | 4185 | 4392 |
| Transocean International, Ltd. 7.875% 10/15/2032 <sup>(a)</sup>  | 4925 | 5266 |
| Transportadora de Gas del Sur SA 8.50% 7/24/2031 <sup>(a)</sup>  | 10930 | 11537 |
| Transportadora de Gas del Sur SA 7.75% 11/20/2035 <sup>(a)</sup>  | 945 | 961 |
| USA Compression Partners, LP 7.125% 3/15/2029 <sup>(a)</sup>  | 10385 | 10632 |
| USA Compression Partners, LP 6.25% 10/1/2033 <sup>(a)</sup>  | 4280 | 4274 |
| Venture Global Calcasieu Pass, LLC 3.875% 8/15/2029 <sup>(a)</sup>  | 7904 | 7517 |
| Venture Global Calcasieu Pass, LLC 6.25% 1/15/2030 <sup>(a)</sup>  | 5639 | 5771 |
| Venture Global Calcasieu Pass, LLC 4.125% 8/15/2031 <sup>(a)</sup>  | 18155 | 16850 |
| Venture Global Calcasieu Pass, LLC 3.875% 11/1/2033 <sup>(a)</sup>  | 3000 | 2660 |
| Venture Global LNG, Inc. 7.00% 1/15/2030 <sup>(a)</sup>  | 4835 | 4939 |
| Venture Global LNG, Inc. 8.375% 6/1/2031 <sup>(a)</sup>  | 23245 | 24186 |
| Venture Global LNG, Inc. 9.875% 2/1/2032 <sup>(a)</sup>  | 25644 | 27554 |
| Venture Global Plaquemines LNG, LLC 6.125% 12/15/2030 <sup>(a)</sup>  | 8875 | 9132 |
| Venture Global Plaquemines LNG, LLC 7.50% 5/1/2033 <sup>(a)</sup>  | 22240 | 24459 |
| Venture Global Plaquemines LNG, LLC 6.50% 1/15/2034 <sup>(a)</sup>  | 18080 | 18859 |
| Venture Global Plaquemines LNG, LLC 6.50% 6/15/2034 <sup>(a)</sup>  | 13075 | 13619 |
| Venture Global Plaquemines LNG, LLC 7.75% 5/1/2035 <sup>(a)</sup>  | 17095 | 19170 |
| Venture Global Plaquemines LNG, LLC 6.75% 1/15/2036 <sup>(a)</sup>  | 16345 | 17322 |
| Vista Energy Argentina S.A.U. 8.50% 6/10/2033 <sup>(a)</sup>  | 23737 | 24846 |
| Vista Energy Argentina S.A.U. 7.625% 12/10/2035 <sup>(a)</sup>  | 19687 | 19948 |
| Wildfire Intermediate Holdings, LLC 7.50% 10/15/2029 <sup>(a)</sup>  | 12105 | 12274 |
| YPF SA 8.75% 9/11/2031 <sup>(a)</sup>  | 1150 | 1201 |
| YPF SA 8.25% 1/17/2034 <sup>(a)</sup>  | 2710 | 2767 |
|  |  | 1648360 |
| **Consumer discretionary 7.30%** |  |  |
| Acushnet Co. 5.625% 12/1/2033 <sup>(a)</sup>  | 640 | 637 |
| Advance Auto Parts, Inc. 5.95% 3/9/2028  | 1803 | 1834 |
| Advance Auto Parts, Inc. 3.90% 4/15/2030  | 18097 | 16631 |
| Advance Auto Parts, Inc. 7.00% 8/1/2030 <sup>(a)</sup>  | 1450 | 1470 |
| Advance Auto Parts, Inc. 3.50% 3/15/2032  | 36817 | 31795 |
| Advance Auto Parts, Inc. 7.375% 8/1/2033 <sup>(a)</sup>  | 28980 | 29376 |
| Alibaba Group Holding, Ltd. 2.125% 2/9/2031  | 7260 | 6565 |
| Alibaba Group Holding, Ltd. 5.625% 11/26/2054  | 4560 | 4542 |
| Allied Universal Holdco, LLC 4.625% 6/1/2028 <sup>(a)</sup>  | 5344 | 5225 |
| Allied Universal Holdco, LLC 6.00% 6/1/2029 <sup>(a)</sup>  | 8420 | 8144 |
| Allied Universal Holdco, LLC 6.875% 6/15/2030 <sup>(a)</sup>  | 23560 | 23900 |
| Allwyn Entertainment Financing (UK) PLC 7.875% 4/30/2029 <sup>(a)</sup>  | 13735 | 14051 |
| Amazon.com, Inc. 4.10% 11/20/2030  | 10540 | 10421 |
| Amazon.com, Inc. 4.65% 11/20/2035  | 26088 | 25590 |
| Amazon.com, Inc. 4.875% 3/13/2036  | 12425 | 12317 |
| Amazon.com, Inc. 3.95% 4/13/2052  | 1695 | 1301 |
| Amazon.com, Inc. 5.45% 11/20/2055  | 15528 | 14845 |
| Amazon.com, Inc. 5.80% 3/13/2056  | 19107 | 19105 |

---

American Funds Multi-Sector Income Fund — Page 14 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Consumer discretionary (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Amazon.com, Inc. 5.55% 11/20/2065  | USD1,730 | $1636 |
| Arcos Dorados BV 6.125% 5/27/2029 <sup>(a)</sup>  | 2000 | 2016 |
| Arcos Dorados BV 6.125% 5/27/2029  | 460 | 464 |
| Arcos Dorados BV 6.375% 1/29/2032 <sup>(a)</sup>  | 1155 | 1189 |
| Asbury Automotive Group, Inc. 4.625% 11/15/2029 <sup>(a)</sup>  | 15035 | 14544 |
| Asbury Automotive Group, Inc. 5.00% 2/15/2032 <sup>(a)</sup>  | 2250 | 2133 |
| AutoNation, Inc. 5.89% 3/15/2035  | 30000 | 30633 |
| Boyd Gaming Corp. 4.75% 12/1/2027  | 10765 | 10659 |
| Boyd Gaming Corp. 4.75% 6/15/2031 <sup>(a)</sup>  | 3390 | 3226 |
| Boyne USA, Inc. 4.75% 5/15/2029 <sup>(a)</sup>  | 16015 | 15543 |
| Caesars Entertainment, Inc. 4.625% 10/15/2029 <sup>(a)</sup>  | 6774 | 6519 |
| Caesars Entertainment, Inc. 7.00% 2/15/2030 <sup>(a)</sup>  | 18385 | 18621 |
| Caesars Entertainment, Inc. 6.50% 2/15/2032 <sup>(a)</sup>  | 8950 | 8853 |
| Caesars Entertainment, Inc. 6.00% 10/15/2032 <sup>(a)</sup>  | 6670 | 6145 |
| Carnival Corp. 5.125% 5/1/2029 <sup>(a)</sup>  | 20385 | 20246 |
| Carnival Corp. 7.00% 8/15/2029 <sup>(a)</sup>  | 19890 | 20643 |
| Carnival Corp. 5.75% 3/15/2030 <sup>(a)</sup>  | 25000 | 25212 |
| Carnival Corp. 5.75% 8/1/2032 <sup>(a)</sup>  | 27025 | 27050 |
| Carnival Corp. 6.125% 2/15/2033 <sup>(a)</sup>  | 15265 | 15426 |
| Cougar JV Subsidiary, LLC 8.00% 5/15/2032 <sup>(a)</sup>  | 7795 | 8066 |
| Cyprium Corp. 6.125% 4/15/2031 <sup>(a)</sup>  | 3365 | 3326 |
| Cyprium Corp. 6.375% 4/15/2034 <sup>(a)</sup>  | 4255 | 4141 |
| Fertitta Entertainment, LLC 4.625% 1/15/2029 <sup>(a)</sup>  | 16148 | 15442 |
| Fertitta Entertainment, LLC 6.75% 1/15/2030 <sup>(a)</sup>  | 1894 | 1771 |
| First Student Bidco, Inc. 4.00% 7/31/2029 <sup>(a)</sup>  | 16475 | 15783 |
| Ford Motor Co. 3.25% 2/12/2032  | 19660 | 17083 |
| Ford Motor Co. 4.75% 1/15/2043  | 4833 | 3654 |
| Ford Motor Co. 5.291% 12/8/2046  | 8717 | 6829 |
| Ford Motor Credit Co., LLC 2.70% 8/10/2026  | 1000 | 993 |
| Ford Motor Credit Co., LLC 5.85% 5/17/2027  | 2500 | 2519 |
| Ford Motor Credit Co., LLC 4.95% 5/28/2027  | 11440 | 11440 |
| Ford Motor Credit Co., LLC 3.815% 11/2/2027  | 14275 | 13994 |
| Ford Motor Credit Co., LLC 5.918% 3/20/2028  | 14305 | 14492 |
| Ford Motor Credit Co., LLC 6.798% 11/7/2028  | 10468 | 10839 |
| Ford Motor Credit Co., LLC 7.20% 6/10/2030  | 4305 | 4537 |
| Ford Motor Credit Co., LLC 5.73% 9/5/2030  | 38685 | 38662 |
| Ford Motor Credit Co., LLC 5.42% 4/9/2031  | 1526 | 1499 |
| Ford Motor Credit Co., LLC 6.054% 11/5/2031  | 8878 | 8922 |
| Ford Motor Credit Co., LLC 6.532% 3/19/2032  | 16780 | 17228 |
| Ford Motor Credit Co., LLC 5.753% 4/6/2033  | 56751 | 55721 |
| Ford Motor Credit Co., LLC 7.122% 11/7/2033  | 25117 | 26397 |
| Ford Motor Credit Co., LLC 6.125% 3/8/2034  | 9517 | 9431 |
| Ford Motor Credit Co., LLC 6.50% 2/7/2035  | 56030 | 56570 |
| Ford Motor Credit Co., LLC 5.869% 10/31/2035  | 14349 | 13783 |
| General Motors Financial Co., Inc. 5.45% 9/6/2034  | 16723 | 16595 |
| General Motors Financial Co., Inc. 5.90% 1/7/2035  | 4557 | 4641 |
| General Motors Financial Co., Inc. 6.15% 7/15/2035  | 25717 | 26606 |
| GENM Capital Labuan, Ltd. 3.882% 4/19/2031  | 37615 | 33404 |
| Genting New York, LLC 7.25% 10/1/2029 <sup>(a)</sup>  | 3525 | 3541 |
| Gildan Activewear, Inc. 5.40% 10/7/2035 <sup>(a)</sup>  | 6010 | 5865 |
| Grand Canyon University 4.375% 10/1/2026  | 3269 | 3273 |
| Great Canadian Gaming Corp. 8.75% 11/15/2029 <sup>(a)</sup>  | 5625 | 5491 |
| Hilton Domestic Operating Co., Inc. 4.875% 1/15/2030  | 7615 | 7504 |
| Hilton Domestic Operating Co., Inc. 4.00% 5/1/2031 <sup>(a)</sup>  | 12385 | 11634 |

---

American Funds Multi-Sector Income Fund — Page 15 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Consumer discretionary (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Hilton Domestic Operating Co., Inc. 5.75% 9/15/2033 <sup>(a)</sup>  | USD12,620 | $12573 |
| Hilton Domestic Operating Co., Inc. 5.50% 3/31/2034 <sup>(a)</sup>  | 5975 | 5842 |
| Hilton Grand Vacations Borrower, LLC 5.00% 6/1/2029 <sup>(a)</sup>  | 570 | 542 |
| Home Depot, Inc. 1.375% 3/15/2031  | 2216 | 1916 |
| Home Depot, Inc. 4.85% 6/25/2031  | 10387 | 10621 |
| Home Depot, Inc. 4.95% 6/25/2034  | 15457 | 15574 |
| Home Depot, Inc. 4.65% 9/15/2035  | 1050 | 1024 |
| Home Depot, Inc. 3.125% 12/15/2049  | 135 | 89 |
| Home Depot, Inc. 5.30% 6/25/2054  | 3252 | 3042 |
| Home Depot, Inc. 5.40% 6/25/2064  | 10747 | 10123 |
| Hyundai Capital America 4.875% 6/23/2027 <sup>(a)</sup>  | 4434 | 4453 |
| International Game Technology PLC 5.25% 1/15/2029 <sup>(a)</sup>  | 2030 | 2015 |
| LCM Investments Holdings II, LLC 4.875% 5/1/2029 <sup>(a)</sup>  | 13613 | 13255 |
| LCM Investments Holdings II, LLC 8.25% 8/1/2031 <sup>(a)</sup>  | 7830 | 8157 |
| Levi Strauss & Co. 3.50% 3/1/2031 <sup>(a)</sup>  | 11920 | 10923 |
| Light and Wonder International, Inc. 7.25% 11/15/2029 <sup>(a)</sup>  | 7925 | 8082 |
| Light and Wonder International, Inc. 7.50% 9/1/2031 <sup>(a)</sup>  | 5195 | 5335 |
| Light and Wonder International, Inc. 6.25% 10/1/2033 <sup>(a)</sup>  | 5575 | 5466 |
| Lithia Motors, Inc. 3.875% 6/1/2029 <sup>(a)</sup>  | 5175 | 4918 |
| Lithia Motors, Inc. 5.50% 10/1/2030 <sup>(a)</sup>  | 7090 | 6951 |
| Lithia Motors, Inc. 4.375% 1/15/2031 <sup>(a)</sup>  | 250 | 235 |
| Macy's Retail Holdings, LLC 6.125% 3/15/2032 <sup>(a)</sup>  | 1170 | 1150 |
| Marriott International, Inc. 5.35% 3/15/2035  | 6540 | 6585 |
| Meituan 5.125% 11/5/2035 <sup>(a)</sup>  | 2170 | 2095 |
| Melco Resorts Finance, Ltd. 7.625% 4/17/2032 <sup>(a)</sup>  | 5400 | 5484 |
| Motherson Global Investments BV 5.625% 7/11/2029  | 1500 | 1525 |
| NCL Finance, Ltd. 6.125% 3/15/2028 <sup>(a)</sup>  | 2420 | 2442 |
| Newell Brands, Inc. 8.50% 6/1/2028 <sup>(a)</sup>  | 5965 | 6160 |
| Newell Brands, Inc. 6.375% 5/15/2030  | 14400 | 13834 |
| Newell Brands, Inc. 6.625% 5/15/2032  | 32215 | 30863 |
| Newell Brands, Inc. 7.375% 4/1/2036  | 28115 | 25912 |
| Newell Brands, Inc. 7.50% 4/1/2046  | 7480 | 6011 |
| Nissan Motor Co., Ltd. 4.345% 9/17/2027 <sup>(a)</sup>  | 1805 | 1757 |
| Nissan Motor Co., Ltd. 7.50% 7/17/2030 <sup>(a)</sup>  | 12275 | 12380 |
| Nissan Motor Co., Ltd. 7.75% 7/17/2032 <sup>(a)</sup>  | 10080 | 10217 |
| Nissan Motor Co., Ltd. 8.125% 7/17/2035 <sup>(a)</sup>  | 54510 | 56131 |
| Party City Holdings, Inc. 0% 10/12/2028 <sup>(f)</sup>  | 50 | — <br><sup>(g)</sup><br>|
| Party City Holdings, Inc. 0% 8/27/2030 <sup>(f)</sup>  | 7834 | 157 |
| Prosus NV 4.987% 1/19/2052  | 3350 | 2555 |
| RHP Hotel Properties, LP 7.25% 7/15/2028 <sup>(a)</sup>  | 5289 | 5403 |
| RHP Hotel Properties, LP 4.50% 2/15/2029 <sup>(a)</sup>  | 8155 | 7910 |
| RHP Hotel Properties, LP 6.50% 6/15/2033 <sup>(a)</sup>  | 2095 | 2135 |
| RHP Hotel Properties, LP 5.75% 3/15/2034 <sup>(a)</sup>  | 5275 | 5210 |
| Royal Caribbean Cruises, Ltd. 5.50% 4/1/2028 <sup>(a)</sup>  | 14325 | 14492 |
| Royal Caribbean Cruises, Ltd. 4.75% 5/15/2033  | 16887 | 16310 |
| Royal Caribbean Cruises, Ltd. 5.375% 1/15/2036  | 30520 | 29997 |
| Royal Caribbean Cruises, Ltd. 5.25% 2/27/2038  | 34735 | 33058 |
| Sally Holdings, LLC 6.75% 4/1/2032  | 17944 | 18379 |
| Sands China, Ltd. 4.375% 6/18/2030  | 6485 | 6262 |
| Sands China, Ltd. 3.25% 8/8/2031  | 1500 | 1359 |
| Scientific Games Holdings, LP 6.625% 3/1/2030 <sup>(a)</sup>  | 27835 | 23970 |
| Service Corp. International 5.75% 10/15/2032  | 5890 | 5886 |
| Six Flags Entertainment Corp. 8.625% 1/15/2032 <sup>(a)</sup>  | 2090 | 2095 |
| Sonic Automotive, Inc. 4.625% 11/15/2029 <sup>(a)</sup>  | 15085 | 14633 |

---

American Funds Multi-Sector Income Fund — Page 16 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Consumer discretionary (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Sonic Automotive, Inc. 4.875% 11/15/2031 <sup>(a)</sup>  | USD7,680 | $7296 |
| Starbucks Corp. 4.80% 5/15/2030  | 1725 | 1748 |
| Starbucks Corp. 5.00% 2/15/2034  | 1930 | 1942 |
| Starbucks Corp. 5.40% 5/15/2035  | 4971 | 5084 |
| Station Casinos, LLC 6.625% 3/15/2032 <sup>(a)</sup>  | 5385 | 5410 |
| Studio City Finance, Ltd. 5.00% 1/15/2029  | 1965 | 1844 |
| TopBuild Corp. 5.625% 1/31/2034 <sup>(a)</sup>  | 5885 | 5766 |
| Toyota Motor Credit Corp. 1.90% 1/13/2027  | 5295 | 5204 |
| Universal Entertainment Corp. 9.875% 8/1/2029 <sup>(a)</sup>  | 19935 | 19313 |
| Vail Resorts, Inc. 5.625% 7/15/2030 <sup>(a)</sup>  | 4840 | 4802 |
| Vail Resorts, Inc. 6.50% 5/15/2032 <sup>(a)</sup>  | 5875 | 5945 |
| Valvoline, Inc. 3.625% 6/15/2031 <sup>(a)</sup>  | 8825 | 7982 |
| Wand NewCo 3, Inc. 7.625% 1/30/2032 <sup>(a)</sup>  | 2055 | 2102 |
| Wyndham Hotels & Resorts, Inc. 4.375% 8/15/2028 <sup>(a)</sup>  | 12955 | 12663 |
| Wyndham Hotels & Resorts, Inc. 5.625% 3/1/2033 <sup>(a)</sup>  | 2845 | 2802 |
| Wynn Macau, Ltd. 5.625% 8/26/2028  | 4100 | 4030 |
| Wynn Resorts Finance, LLC 5.125% 10/1/2029 <sup>(a)</sup>  | 12994 | 12833 |
| Wynn Resorts Finance, LLC 7.125% 2/15/2031 <sup>(a)</sup>  | 4616 | 4841 |
|  |  | 1555283 |
| **Industrials 5.10%** |  |  |
| AAR Escrow Issuer, LLC 6.75% 3/15/2029 <sup>(a)</sup>  | 4374 | 4455 |
| ADT Security Corp. 4.125% 8/1/2029 <sup>(a)</sup>  | 2625 | 2510 |
| Advanced Drainage Systems, Inc. 5.375% 3/1/2034 <sup>(a)</sup>  | 6365 | 6210 |
| AECOM 6.00% 8/1/2033 <sup>(a)</sup>  | 675 | 675 |
| Allison Transmission, Inc. 5.875% 12/1/2033 <sup>(a)</sup>  | 1960 | 1949 |
| Ambipar Lux SARL 9.875% 2/6/2031 <sup>(a)(e)</sup>  | 4870 | 917 |
| Ambipar Lux SARL 10.875% 2/5/2033 <sup>(a)(e)</sup>  | 7170 | 1102 |
| Amentum Holdings, Inc. 7.25% 8/1/2032 <sup>(a)</sup>  | 14567 | 15088 |
| Aramark Services, Inc. 5.00% 2/1/2028 <sup>(a)</sup>  | 11230 | 11170 |
| ATI, Inc. 4.875% 10/1/2029  | 12125 | 11973 |
| ATI, Inc. 7.25% 8/15/2030  | 4140 | 4296 |
| ATI, Inc. 5.125% 10/1/2031  | 6125 | 6057 |
| Avis Budget Car Rental, LLC 4.75% 4/1/2028 <sup>(a)</sup>  | 7775 | 7592 |
| Avis Budget Car Rental, LLC 5.375% 3/1/2029 <sup>(a)</sup>  | 13410 | 12839 |
| Avis Budget Car Rental, LLC 8.25% 1/15/2030 <sup>(a)</sup>  | 11540 | 11618 |
| Axon Enterprise, Inc. 6.125% 3/15/2030 <sup>(a)</sup>  | 1350 | 1376 |
| Axon Enterprise, Inc. 6.25% 3/15/2033 <sup>(a)</sup>  | 515 | 526 |
| BAE Systems PLC 5.30% 3/26/2034 <sup>(a)</sup>  | 14170 | 14518 |
| Bidvest Group (UK) PLC 6.20% 9/17/2032  | 7454 | 7452 |
| Boeing Co. (The) 3.25% 2/1/2028  | 1078 | 1057 |
| Boeing Co. (The) 5.15% 5/1/2030  | 19896 | 20236 |
| Boeing Co. (The) 3.625% 2/1/2031  | 4 | 4 |
| Boeing Co. (The) 6.388% 5/1/2031  | 768 | 819 |
| Boeing Co. (The) 3.50% 3/1/2039  | 6404 | 5168 |
| Boeing Co. (The) 5.705% 5/1/2040  | 5193 | 5204 |
| Boeing Co. (The) 5.805% 5/1/2050  | 1074 | 1039 |
| Boeing Co. (The) 6.858% 5/1/2054  | 10949 | 12060 |
| Boeing Co. (The) 5.93% 5/1/2060  | 9680 | 9300 |
| Boeing Co. (The) 7.008% 5/1/2064  | 2073 | 2294 |
| Burlington Northern Santa Fe, LLC 3.30% 9/15/2051  | 425 | 289 |
| Canadian National Railway Co. 4.375% 9/18/2034  | 5014 | 4847 |
| Canadian Pacific Railway Co. 1.75% 12/2/2026  | 435 | 428 |
| Canadian Pacific Railway Co. 4.80% 3/30/2030  | 7114 | 7208 |

---

American Funds Multi-Sector Income Fund — Page 17 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Industrials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Canadian Pacific Railway Co. 5.20% 3/30/2035  | USD4,997 | $5090 |
| Canadian Pacific Railway Co. 3.00% 12/2/2041  | 1139 | 838 |
| Canadian Pacific Railway Co. 3.10% 12/2/2051  | 3550 | 2325 |
| Carpenter Technology Corp. 5.625% 3/1/2034 <sup>(a)</sup>  | 1765 | 1751 |
| Carrier Global Corp. 5.90% 3/15/2034  | 1460 | 1541 |
| Clarivate Science Holdings Corp. 3.875% 7/1/2028 <sup>(a)</sup>  | 3870 | 3656 |
| Clarivate Science Holdings Corp. 4.875% 7/1/2029 <sup>(a)</sup>  | 5420 | 4710 |
| Clean Harbors, Inc. 6.375% 2/1/2031 <sup>(a)</sup>  | 13300 | 13516 |
| Clean Harbors, Inc. 5.75% 10/15/2033 <sup>(a)</sup>  | 29550 | 29508 |
| Columbus McKinnon Corp. 7.125% 2/1/2033 <sup>(a)</sup>  | 4770 | 4772 |
| CoreLogic, Inc. 4.50% 5/1/2028 <sup>(a)</sup>  | 13907 | 13069 |
| CSX Corp. 4.10% 11/15/2032  | 4334 | 4198 |
| CSX Corp. 5.20% 11/15/2033  | 1166 | 1196 |
| CSX Corp. 4.50% 3/15/2049  | 25 | 21 |
| CSX Corp. 2.50% 5/15/2051  | 4610 | 2719 |
| CSX Corp. 4.90% 3/15/2055  | 1375 | 1216 |
| Eaton Corp. 4.50% 3/6/2033  | 13759 | 13574 |
| Eaton Corp. 4.80% 3/6/2036  | 23092 | 22807 |
| EquipmentShare.com, Inc. 9.00% 5/15/2028 <sup>(a)</sup>  | 12270 | 12689 |
| EquipmentShare.com, Inc. 8.625% 5/15/2032 <sup>(a)</sup>  | 41857 | 43741 |
| EquipmentShare.com, Inc. 8.00% 3/15/2033 <sup>(a)</sup>  | 13870 | 14335 |
| ESAB Corp. 5.625% 4/1/2031 <sup>(a)</sup>  | 3985 | 4023 |
| FTAI Aviation Investors, LLC 5.875% 4/15/2033 <sup>(a)</sup>  | 19360 | 18965 |
| Garda World Security Corp. 6.50% 1/15/2031 <sup>(a)</sup>  | 3285 | 3333 |
| Garda World Security Corp. 8.375% 11/15/2032 <sup>(a)</sup>  | 4135 | 4141 |
| GE Vernova, Inc. 4.25% 2/4/2031  | 3925 | 3882 |
| GE Vernova, Inc. 4.875% 2/4/2036  | 6671 | 6614 |
| GE Vernova, Inc. 5.50% 2/4/2056  | 311 | 299 |
| General Electric Co. 4.30% 7/29/2030  | 1662 | 1659 |
| General Electric Co. 4.90% 1/29/2036  | 28138 | 28172 |
| Herc Holdings, Inc. 6.625% 6/15/2029 <sup>(a)</sup>  | 33895 | 34471 |
| Herc Holdings, Inc. 7.00% 6/15/2030 <sup>(a)</sup>  | 12320 | 12641 |
| Herc Holdings, Inc. 5.75% 3/15/2031 <sup>(a)</sup>  | 6190 | 6102 |
| Herc Holdings, Inc. 7.25% 6/15/2033 <sup>(a)</sup>  | 7190 | 7374 |
| Herc Holdings, Inc. 6.00% 3/15/2034 <sup>(a)</sup>  | 5935 | 5744 |
| Hertz Corp. (The) 4.625% 12/1/2026 <sup>(a)</sup>  | 7052 | 6397 |
| Honeywell Aerospace, Inc. 4.95% 3/16/2036 <sup>(a)</sup>  | 15439 | 15325 |
| Honeywell Aerospace, Inc. 5.732% 3/16/2056 <sup>(a)</sup>  | 1850 | 1830 |
| Howmet Aerospace, Inc. 3.90% 4/15/2029  | 5335 | 5261 |
| Howmet Aerospace, Inc. 4.75% 4/15/2036  | 1201 | 1168 |
| Hutchison Whampoa International, Ltd. 7.45% 11/24/2033  | 3910 | 4527 |
| I-20 Lancaster Fund, LLC 12.00% 1/15/2035 <sup>(a)</sup>  | 14338 | 14248 |
| Icahn Enterprises, LP 5.25% 5/15/2027  | 39780 | 39013 |
| Icahn Enterprises, LP 9.75% 1/15/2029  | 16180 | 15919 |
| Icahn Enterprises, LP 10.00% 11/15/2029 <sup>(a)</sup>  | 13110 | 12932 |
| IRB Infrastructure Developers, Ltd. 7.11% 3/11/2032 <sup>(a)</sup>  | 10450 | 10497 |
| LATAM Airlines Group SA 7.875% 4/15/2030 <sup>(a)</sup>  | 3873 | 3917 |
| Lima Metro Line 2 Finance, Ltd. 5.875% 7/5/2034 <sup>(a)</sup>  | 3392 | 3468 |
| Lima Metro Line 2 Finance, Ltd. 5.875% 7/5/2034  | 2982 | 3049 |
| Mexico City Airport Trust 4.25% 10/31/2026  | 5400 | 5386 |
| Mexico City Airport Trust 3.875% 4/30/2028  | 5000 | 4907 |
| Miter Brands Acquisition Holdco, Inc. 6.75% 4/1/2032 <sup>(a)</sup>  | 5170 | 4955 |
| Moog, Inc. 5.50% 10/15/2034 <sup>(a)</sup>  | 1575 | 1584 |

---

American Funds Multi-Sector Income Fund — Page 18 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Industrials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MTR Corp. CI, Ltd. 5.625% perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + 1.457% on <br> 12/24/2035) <sup>(b)</sup>  | USD4,500 | $4648 |
| NESCO Holdings II, Inc. 5.50% 4/15/2029 <sup>(a)</sup>  | 24005 | 23499 |
| Norfolk Southern Corp. 5.05% 8/1/2030  | 2698 | 2757 |
| Norfolk Southern Corp. 4.45% 3/1/2033  | 1343 | 1320 |
| Norfolk Southern Corp. 5.10% 5/1/2035  | 91 | 91 |
| Norfolk Southern Corp. 5.35% 8/1/2054  | 18770 | 17513 |
| QXO Building Products, Inc. 6.75% 4/30/2032 <sup>(a)</sup>  | 21460 | 21908 |
| RB Global Holdings, Inc. 6.75% 3/15/2028 <sup>(a)</sup>  | 1216 | 1233 |
| RB Global Holdings, Inc. 7.75% 3/15/2031 <sup>(a)</sup>  | 1171 | 1214 |
| Regal Rexnord Corp. 6.40% 4/15/2033  | 19360 | 20472 |
| Republic Services, Inc. 1.45% 2/15/2031  | 5030 | 4365 |
| Republic Services, Inc. 5.15% 3/15/2035  | 5125 | 5228 |
| Reworld Holding Corp. 4.875% 12/1/2029 <sup>(a)</sup>  | 28421 | 26671 |
| RTX Corp. 6.10% 3/15/2034  | 5964 | 6425 |
| RTX Corp. 6.40% 3/15/2054  | 3020 | 3259 |
| Science Applications International Corp. 5.875% 11/1/2033 <sup>(a)</sup>  | 7535 | 7361 |
| Sensata Technologies BV 4.00% 4/15/2029 <sup>(a)</sup>  | 13545 | 13081 |
| Sensata Technologies, Inc. 3.75% 2/15/2031 <sup>(a)</sup>  | 380 | 353 |
| Siemens Funding BV 5.80% 5/28/2055 <sup>(a)</sup>  | 4970 | 5071 |
| Siemens Funding BV 5.90% 5/28/2065 <sup>(a)</sup>  | 3573 | 3652 |
| SkyMiles IP, Ltd. 4.75% 10/20/2028 <sup>(a)</sup>  | 706 | 705 |
| Summit Digitel Infrastructure Pvt, Ltd. 2.875% 8/12/2031  | 1800 | 1620 |
| Texas Combined Tirz I, LLC 0% 12/7/2062 <sup>(a)(f)</sup>  | 3239 | 3239 |
| TransDigm, Inc. 6.75% 8/15/2028 <sup>(a)</sup>  | 4565 | 4626 |
| TransDigm, Inc. 4.625% 1/15/2029  | 5040 | 4955 |
| TransDigm, Inc. 6.375% 3/1/2029 <sup>(a)</sup>  | 12275 | 12519 |
| TransDigm, Inc. 6.625% 3/1/2032 <sup>(a)</sup>  | 27480 | 28060 |
| TransDigm, Inc. 6.375% 5/31/2033 <sup>(a)</sup>  | 6180 | 6152 |
| TransDigm, Inc. 6.25% 1/31/2034 <sup>(a)</sup>  | 4655 | 4710 |
| TransDigm, Inc. 6.75% 1/31/2034 <sup>(a)</sup>  | 21140 | 21433 |
| TransDigm, Inc. 6.125% 7/31/2034 <sup>(a)</sup>  | 11762 | 11583 |
| Union Pacific Corp. 2.80% 2/14/2032  | 8904 | 8101 |
| Union Pacific Corp. 5.10% 2/20/2035  | 27281 | 27779 |
| Union Pacific Corp. 4.30% 3/1/2049  | 75 | 61 |
| Union Pacific Corp. 2.95% 3/10/2052  | 5608 | 3501 |
| Union Pacific Corp. 3.50% 2/14/2053  | 2367 | 1649 |
| Union Pacific Corp. 4.95% 5/15/2053  | 1450 | 1298 |
| Union Pacific Corp. 5.60% 12/1/2054  | 7378 | 7236 |
| United Airlines Holdings, Inc. 4.875% 3/1/2029  | 12325 | 12086 |
| United Airlines Holdings, Inc. 5.375% 3/1/2031  | 2150 | 2108 |
| United Rentals (North America), Inc. 5.25% 1/15/2030  | 5130 | 5104 |
| United Rentals (North America), Inc. 3.75% 1/15/2032  | 4450 | 4084 |
| United Rentals (North America), Inc. 6.125% 3/15/2034 <sup>(a)</sup>  | 5935 | 6017 |
| Varanasi Aurangabad Nh-2 Tollway Private, Ltd. 5.90% 2/28/2034 <sup>(a)</sup>  | 478 | 490 |
| Waste Connections, Inc. 4.80% 7/15/2036  | 21748 | 21316 |
| Waste Management, Inc. 4.95% 3/15/2035  | 2600 | 2608 |
| Waste Pro USA, Inc. 7.00% 2/1/2033 <sup>(a)</sup>  | 3945 | 3999 |
| WESCO Distribution, Inc. 7.25% 6/15/2028 <sup>(a)</sup>  | 6760 | 6802 |
| WESCO Distribution, Inc. 5.25% 4/15/2031 <sup>(a)</sup>  | 2550 | 2541 |
| WESCO Distribution, Inc. 6.625% 3/15/2032 <sup>(a)</sup>  | 9770 | 10012 |

---

American Funds Multi-Sector Income Fund — Page 19 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Industrials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| WESCO Distribution, Inc. 6.375% 3/15/2033 <sup>(a)</sup>  | USD5,515 | $5623 |
| WESCO Distribution, Inc. 5.50% 4/15/2034 <sup>(a)</sup>  | 4015 | 3964 |
|  |  | 1087453 |
| **Information technology 5.04%** |  |  |
| Amphenol Corp. 4.125% 11/15/2030  | 1925 | 1897 |
| Amphenol Corp. 4.40% 2/15/2033  | 11117 | 10853 |
| Amphenol Corp. 4.625% 2/15/2036  | 11135 | 10773 |
| Amphenol Corp. 5.30% 11/15/2055  | 2290 | 2152 |
| ams-OSRAM AG 12.25% 3/30/2029 <sup>(a)</sup>  | 23675 | 25201 |
| APLD ComputeCo 2, LLC 6.75% 3/15/2031 <sup>(a)</sup>  | 15310 | 15208 |
| Black Pearl Compute, LLC 6.125% 2/15/2031 <sup>(a)</sup>  | 33615 | 34255 |
| Booz Allen Hamilton, Inc. 3.875% 9/1/2028 <sup>(a)</sup>  | 894 | 871 |
| Booz Allen Hamilton, Inc. 4.00% 7/1/2029 <sup>(a)</sup>  | 3146 | 3046 |
| Broadcom, Inc. 5.05% 7/12/2029  | 2849 | 2908 |
| Broadcom, Inc. 5.15% 11/15/2031  | 14802 | 15188 |
| Broadcom, Inc. 4.55% 2/15/2032  | 6095 | 6045 |
| Broadcom, Inc. 4.15% 4/15/2032 <sup>(a)</sup>  | 7 | 7 |
| Broadcom, Inc. 3.469% 4/15/2034  | 26387 | 23773 |
| Broadcom, Inc. 4.80% 10/15/2034  | 7577 | 7466 |
| Broadcom, Inc. 5.20% 7/15/2035  | 39607 | 39930 |
| Broadcom, Inc. 4.80% 2/15/2036  | 810 | 790 |
| Cloud Software Group, Inc. 6.50% 3/31/2029 <sup>(a)</sup>  | 9332 | 9113 |
| Cloud Software Group, Inc. 9.00% 9/30/2029 <sup>(a)</sup>  | 39640 | 38278 |
| Cloud Software Group, Inc. 8.25% 6/30/2032 <sup>(a)</sup>  | 11620 | 11030 |
| Cloud Software Group, Inc. 6.625% 8/15/2033 <sup>(a)</sup>  | 16825 | 14974 |
| Diebold Nixdorf, Inc. 7.75% 3/31/2030 <sup>(a)</sup>  | 24879 | 25932 |
| Ellucian Holdings, Inc. 6.50% 12/1/2029 <sup>(a)</sup>  | 3925 | 3844 |
| Fair Isaac Corp. 6.00% 5/15/2033 <sup>(a)</sup>  | 14030 | 13775 |
| Hughes Satellite Systems Corp. 5.25% 8/1/2026  | 13880 | 12354 |
| Hughes Satellite Systems Corp. 6.625% 8/1/2026  | 28345 | 21355 |
| Intel Corp. 3.05% 8/12/2051  | 25083 | 15238 |
| Intel Corp. 5.60% 2/21/2054  | 22763 | 20899 |
| Intel Corp. 3.10% 2/15/2060  | 5650 | 3124 |
| Microchip Technology, Inc. 5.05% 3/15/2029  | 4647 | 4715 |
| Microchip Technology, Inc. 5.05% 2/15/2030  | 17252 | 17406 |
| NCR Atleos Corp. 9.50% 4/1/2029 <sup>(a)</sup>  | 11754 | 12589 |
| Oracle Corp. 4.45% 9/26/2030  | 2700 | 2603 |
| Oracle Corp. 4.95% 2/4/2031  | 46913 | 45918 |
| Oracle Corp. 5.25% 2/3/2032  | 2950 | 2898 |
| Oracle Corp. 5.35% 5/4/2033  | 31319 | 30500 |
| Oracle Corp. 5.50% 8/3/2035  | 61151 | 58408 |
| Oracle Corp. 5.20% 9/26/2035  | 76221 | 71533 |
| Oracle Corp. 5.70% 2/4/2036  | 66668 | 64129 |
| Oracle Corp. 5.875% 9/26/2045  | 3840 | 3315 |
| Oracle Corp. 6.55% 2/4/2046  | 18937 | 17680 |
| Oracle Corp. 6.00% 8/3/2055  | 27270 | 22885 |
| Oracle Corp. 5.95% 9/26/2055  | 33570 | 28262 |
| Oracle Corp. 6.70% 2/4/2056  | 30193 | 28044 |
| Oracle Corp. 6.10% 9/26/2065  | 3110 | 2581 |
| Roper Technologies, Inc. 4.45% 9/15/2030  | 3650 | 3596 |
| Roper Technologies, Inc. 4.90% 10/15/2034  | 11732 | 11333 |
| Roper Technologies, Inc. 5.10% 9/15/2035  | 24547 | 23878 |
| Shift4 Payments, LLC 6.75% 8/15/2032 <sup>(a)</sup>  | 6490 | 6390 |

---

American Funds Multi-Sector Income Fund — Page 20 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Information technology (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Synopsys, Inc. 4.85% 4/1/2030  | USD3,650 | $3678 |
| Synopsys, Inc. 5.15% 4/1/2035  | 36028 | 36110 |
| Synopsys, Inc. 5.70% 4/1/2055  | 47664 | 45602 |
| UKG, Inc. 6.875% 2/1/2031 <sup>(a)</sup>  | 30100 | 29443 |
| Unisys Corp. 10.625% 1/15/2031 <sup>(a)</sup>  | 52074 | 44846 |
| Viasat, Inc. 5.625% 4/15/2027 <sup>(a)</sup>  | 14325 | 14239 |
| Viasat, Inc. 6.50% 7/15/2028 <sup>(a)</sup>  | 1000 | 989 |
| Wolfspeed, Inc. 4.00% PIK and 9.875% Cash 6/23/2030 <sup>(c)(d)</sup>  | 7422 | 8134 |
| WULF Compute, LLC 7.75% 10/15/2030 <sup>(a)</sup>  | 40325 | 42636 |
|  |  | 1074619 |
| **Materials 4.52%** |  |  |
| Alliance Resource Operating Partners, LP 8.625% 6/15/2029 <sup>(a)</sup>  | 2634 | 2738 |
| Alpek, SAB de CV 3.25% 2/25/2031  | 5131 | 4310 |
| Alpek, SAB de CV, 3.25% 2/25/2031 <sup>(a)</sup>  | 1100 | 924 |
| ArcelorMittal SA 4.25% 7/16/2029  | 877 | 874 |
| ARD Finance SA 7.25% PIK 6/30/2027 <sup>(a)(d)</sup>  | 8348 | 84 |
| Avient Corp. 6.25% 11/1/2031 <sup>(a)</sup>  | 2950 | 2973 |
| Axalta Coating Systems Dutch Holding B BV 7.25% 2/15/2031 <sup>(a)</sup>  | 4175 | 4371 |
| Axalta Coating Systems, LLC 4.75% 6/15/2027 <sup>(a)</sup>  | 10650 | 10584 |
| Ball Corp. 5.50% 9/15/2033  | 30000 | 30046 |
| BHP Billiton Finance (USA), Ltd. 4.90% 2/28/2033  | 3002 | 3009 |
| BHP Billiton Finance (USA), Ltd. 5.25% 9/8/2033  | 7166 | 7321 |
| BHP Billiton Finance (USA), Ltd. 5.75% 9/5/2055  | 7388 | 7398 |
| Braskem Netherlands Finance BV 4.50% 1/10/2028  | 20577 | 9993 |
| Braskem Netherlands Finance BV 4.50% 1/31/2030  | 17325 | 8075 |
| Braskem Netherlands Finance BV 4.50% 1/31/2030 <sup>(a)</sup>  | 1170 | 545 |
| Braskem Netherlands Finance BV 8.50% 1/12/2031 <sup>(a)</sup>  | 9246 | 4392 |
| Braskem Netherlands Finance BV 8.50% 1/12/2031  | 5258 | 2498 |
| Braskem Netherlands Finance BV 7.25% 2/13/2033 <sup>(a)</sup>  | 8203 | 3813 |
| Braskem Netherlands Finance BV 7.25% 2/13/2033  | 8135 | 3782 |
| Braskem Netherlands Finance BV 8.00% 10/15/2034 <sup>(a)</sup>  | 13495 | 6284 |
| Braskem Netherlands Finance BV 8.00% 10/15/2034  | 10160 | 4731 |
| Braskem Netherlands Finance BV 5.875% 1/31/2050  | 9550 | 4011 |
| Braskem Netherlands Finance BV 5.875% 1/31/2050 <sup>(a)</sup>  | 400 | 168 |
| CAN-PACK SA 3.875% 11/15/2029 <sup>(a)</sup>  | 13669 | 12843 |
| Capstone Copper Corp. 6.75% 3/31/2033 <sup>(a)</sup>  | 3675 | 3654 |
| Celanese US Holdings, LLC 6.85% 11/15/2028  | 9804 | 10201 |
| Celanese US Holdings, LLC 6.50% 4/15/2030  | 18000 | 18381 |
| Celanese US Holdings, LLC 7.00% 2/15/2031  | 9765 | 10034 |
| Celanese US Holdings, LLC 7.379% 7/15/2032  | 31927 | 33354 |
| Celanese US Holdings, LLC 7.20% 11/15/2033  | 28191 | 30099 |
| Celanese US Holdings, LLC 7.375% 2/15/2034  | 22355 | 22923 |
| Celulosa Arauco y Constitucion SA 6.18% 5/5/2032 <sup>(a)</sup>  | 8785 | 8733 |
| Cleveland-Cliffs, Inc. 4.625% 3/1/2029 <sup>(a)</sup>  | 495 | 473 |
| Cleveland-Cliffs, Inc. 6.875% 11/1/2029 <sup>(a)</sup>  | 13678 | 13686 |
| Cleveland-Cliffs, Inc. 6.75% 4/15/2030 <sup>(a)</sup>  | 8040 | 7849 |
| Cleveland-Cliffs, Inc. 4.875% 3/1/2031 <sup>(a)</sup>  | 472 | 424 |
| Cleveland-Cliffs, Inc. 7.50% 9/15/2031 <sup>(a)</sup>  | 20685 | 20652 |
| Cleveland-Cliffs, Inc. 7.00% 3/15/2032 <sup>(a)</sup>  | 12416 | 12029 |
| Cleveland-Cliffs, Inc. 7.375% 5/1/2033 <sup>(a)</sup>  | 22991 | 22510 |
| Cleveland-Cliffs, Inc. 7.625% 1/15/2034 <sup>(a)</sup>  | 19285 | 18859 |
| Commercial Metals Co. 5.75% 11/15/2033 <sup>(a)</sup>  | 4460 | 4417 |
| Consolidated Energy Finance SA 12.00% 2/15/2031 <sup>(a)</sup>  | 37010 | 36501 |

---

American Funds Multi-Sector Income Fund — Page 21 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Materials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| CSN Resources SA 8.875% 12/5/2030 <sup>(a)</sup>  | USD4,500 | $3195 |
| CSN Resources SA 8.875% 12/5/2030  | 3193 | 2267 |
| CVR Partners, LP 6.125% 6/15/2028 <sup>(a)</sup>  | 7460 | 7439 |
| Dow Chemical Co. (The) 4.80% 1/15/2031  | 8930 | 8824 |
| Dow Chemical Co. (The) 5.35% 3/15/2035  | 16778 | 16550 |
| Dow Chemical Co. (The) 5.65% 3/15/2036  | 8652 | 8574 |
| Dow Chemical Co. (The) 4.375% 11/15/2042  | 16080 | 12615 |
| Dow Chemical Co. (The) 4.625% 10/1/2044  | 2140 | 1698 |
| Dow Chemical Co. (The) 5.55% 11/30/2048  | 2547 | 2204 |
| Dow Chemical Co. (The) 4.80% 5/15/2049  | 8900 | 6906 |
| Dow Chemical Co. (The) 3.60% 11/15/2050  | 8022 | 5165 |
| Dow Chemical Co. (The) 6.90% 5/15/2053  | 1149 | 1174 |
| Dow Chemical Co. (The) 5.60% 2/15/2054  | 12205 | 10506 |
| Dow Chemical Co. (The) 5.95% 3/15/2055  | 14622 | 13253 |
| Element Solutions, Inc. 3.875% 9/1/2028 <sup>(a)</sup>  | 11360 | 11068 |
| First Quantum Minerals, Ltd. 6.375% 2/15/2036 <sup>(a)</sup>  | 11445 | 11019 |
| Freeport-McMoRan, Inc. 4.25% 3/1/2030  | 188 | 184 |
| Freeport-McMoRan, Inc. 5.45% 3/15/2043  | 223 | 211 |
| FXI Holdings, Inc. 16.00% PIK 11/15/2029 (14.00% on 11/15/2028) <sup>(a)(b)(d)</sup>  | 12235 | 6423 |
| FXI Holdings, Inc. 11.00% 11/15/2030 <sup>(a)</sup>  | 22567 | 20085 |
| JH North America Holdings, Inc. 5.875% 1/31/2031 <sup>(a)</sup>  | 4055 | 4024 |
| JH North America Holdings, Inc. 6.125% 7/31/2032 <sup>(a)</sup>  | 6810 | 6794 |
| Limak Cimento Sanayi ve Ticaret A.S. 9.75% 7/25/2029  | 18449 | 18224 |
| LYB International Finance III, LLC 5.125% 1/15/2031  | 1378 | 1381 |
| LYB International Finance III, LLC 5.50% 3/1/2034  | 8847 | 8798 |
| LYB International Finance III, LLC 6.15% 5/15/2035  | 14875 | 15318 |
| LYB International Finance III, LLC 5.875% 1/15/2036  | 12615 | 12663 |
| LYB International Finance III, LLC 3.375% 10/1/2040  | 2659 | 1926 |
| LYB International Finance III, LLC 3.625% 4/1/2051  | 2225 | 1436 |
| Ma'aden Sukuk, Ltd. 5.25% 1/29/2036 <sup>(a)</sup>  | 21108 | 20542 |
| Magnera Corp. 7.25% 11/15/2031 <sup>(a)</sup>  | 38715 | 35877 |
| Mauser Packaging Solutions Holding Co. 7.875% 4/15/2027 <sup>(a)</sup>  | 13280 | 12765 |
| Mauser Packaging Solutions Holding Co. 7.875% 4/15/2030 <sup>(a)</sup>  | 9865 | 9872 |
| Mauser Packaging Solutions Holding Co. 9.25% 4/15/2030 <sup>(a)</sup>  | 3915 | 3641 |
| Methanex Corp. 5.125% 10/15/2027  | 9223 | 9171 |
| Methanex Corp. 5.25% 12/15/2029  | 3400 | 3368 |
| Minera Mexico, SA de CV, 5.625% 2/12/2032 <sup>(a)</sup>  | 12270 | 12426 |
| Mineral Resources, Ltd. 8.00% 11/1/2027 <sup>(a)</sup>  | 1645 | 1668 |
| Mineral Resources, Ltd. 9.25% 10/1/2028 <sup>(a)</sup>  | 8651 | 8971 |
| Mineral Resources, Ltd. 8.50% 5/1/2030 <sup>(a)</sup>  | 5016 | 5161 |
| Nickel Industries, Ltd. 9.00% 9/30/2030  | 3500 | 3508 |
| NOVA Chemicals Corp. 5.25% 6/1/2027 <sup>(a)</sup>  | 5205 | 5200 |
| PT Freeport Indonesia 4.763% 4/14/2027  | 1650 | 1655 |
| PT Freeport Indonesia 4.763% 4/14/2027 <sup>(a)</sup>  | 450 | 451 |
| PT Freeport Indonesia 6.20% 4/14/2052  | 3800 | 3686 |
| PT Krakatau Posco 6.375% 6/11/2027  | 3500 | 3521 |
| PT Krakatau Posco 6.375% 6/11/2029  | 21145 | 21277 |
| Quikrete Holdings, Inc. 6.375% 3/1/2032 <sup>(a)</sup>  | 7009 | 7112 |
| Quikrete Holdings, Inc. 6.75% 3/1/2033 <sup>(a)</sup>  | 8995 | 9143 |
| Samarco Mineracao SA 5.00% PIK and 4.00% Cash 6/30/2031 (5.00% PIK and 4.00% Cash on 12/30/2026) <sup>(a)(b)(d)</sup>  | 8057 | 7933 |
| Samarco Mineracao SA 5.00% PIK and 4.00% Cash 6/30/2031 (5.00% PIK and 4.00% Cash on 12/30/2026) <sup>(b)(d)</sup>  | 4795 | 4721 |
| Sasol Financing USA, LLC 8.75% 5/3/2029 <sup>(a)</sup>  | 6494 | 6763 |
| Sasol Financing USA, LLC 8.75% 5/3/2029 <sup>(c)</sup>  | 2540 | 2645 |
| Sasol Financing USA, LLC 5.50% 3/18/2031  | 9970 | 9003 |

---

American Funds Multi-Sector Income Fund — Page 22 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Materials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| SCIH Salt Holdings, Inc. 4.875% 5/1/2028 <sup>(a)</sup>  | USD11,807 | $11679 |
| SCIH Salt Holdings, Inc. 6.625% 5/1/2029 <sup>(a)</sup>  | 13070 | 13016 |
| Sealed Air Corp. 4.00% 12/1/2027 <sup>(a)</sup>  | 10999 | 10978 |
| Sealed Air Corp. 6.125% 2/1/2028 <sup>(a)</sup>  | 11315 | 11464 |
| Sherwin-Williams Co. 5.15% 8/15/2035  | 2381 | 2397 |
| Solstice Advanced Materials, Inc. 5.625% 9/30/2033 <sup>(a)</sup>  | 5775 | 5700 |
| Stillwater Mining Co. 4.00% 11/16/2026 <sup>(c)</sup>  | 10125 | 10049 |
| Trivium Packaging Finance BV 8.25% 7/15/2030 <sup>(a)</sup>  | 1485 | 1555 |
| Trivium Packaging Finance BV 12.25% 1/15/2031 <sup>(a)</sup>  | 4450 | 4822 |
| Tronox, Inc. 9.125% 9/30/2030 <sup>(a)</sup>  | 370 | 370 |
| Vale Overseas, Ltd. 3.75% 7/8/2030  | 3000 | 2859 |
| Vale Overseas, Ltd. 6.40% 6/28/2054  | 10562 | 10707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vale Overseas, Ltd. 6.00% 2/25/2056 (5-year UST Yield Curve Rate T Note Constant Maturity + 2.431% on <br> 2/25/2031) <sup>(a)(b)</sup>  | 17435 | 17173 |
| Veritiv Operating Co. 10.50% 11/30/2030 <sup>(a)</sup>  | 5230 | 5442 |
| Warrior Met Coal, Inc. 7.875% 12/1/2028 <sup>(a)</sup>  | 1000 | 1012 |
| Westlake Corp. 5.55% 11/15/2035  | 13523 | 13486 |
|  |  | 963259 |
| **Consumer staples 3.83%** |  |  |
| Albertsons Cos., Inc. 3.50% 3/15/2029 <sup>(a)</sup>  | 10185 | 9721 |
| Albertsons Cos., Inc. 4.875% 2/15/2030 <sup>(a)</sup>  | 1835 | 1797 |
| Albertsons Cos., Inc. 5.50% 3/31/2031 <sup>(a)</sup>  | 17500 | 17324 |
| Albertsons Cos., Inc. 5.625% 3/31/2032 <sup>(a)</sup>  | 6300 | 6208 |
| Albertsons Cos., Inc. 5.75% 3/31/2034 <sup>(a)</sup>  | 30980 | 30348 |
| Altria Group, Inc. 5.25% 8/6/2035  | 1050 | 1047 |
| Anheuser-Busch InBev Worldwide, Inc. 5.00% 6/15/2034  | 3220 | 3258 |
| B&G Foods, Inc. 5.25% 9/15/2027  | 9755 | 9409 |
| B&G Foods, Inc. 8.00% 9/15/2028 <sup>(a)</sup>  | 36785 | 36268 |
| BAT Capital Corp. 5.834% 2/20/2031  | 1084 | 1135 |
| BAT Capital Corp. 2.726% 3/25/2031  | 2660 | 2433 |
| BAT Capital Corp. 5.35% 8/15/2032  | 1525 | 1566 |
| BAT Capital Corp. 4.625% 3/22/2033  | 6390 | 6257 |
| BAT Capital Corp. 6.421% 8/2/2033  | 5398 | 5857 |
| BAT Capital Corp. 6.00% 2/20/2034  | 10840 | 11462 |
| BAT Capital Corp. 5.625% 8/15/2035  | 35207 | 36222 |
| BAT Capital Corp. 5.65% 3/16/2052  | 2300 | 2132 |
| BAT Capital Corp. 7.081% 8/2/2053  | 30438 | 33666 |
| BAT Capital Corp. 6.25% 8/15/2055  | 1164 | 1179 |
| Central Garden & Pet Co. 4.125% 10/15/2030  | 3485 | 3281 |
| Central Garden & Pet Co. 4.125% 4/30/2031 <sup>(a)</sup>  | 17690 | 16498 |
| Coca-Cola Co. 5.20% 1/14/2055  | 6524 | 6182 |
| Constellation Brands, Inc. 2.25% 8/1/2031  | 7545 | 6658 |
| Constellation Brands, Inc. 4.75% 5/9/2032  | 2744 | 2724 |
| Coty, Inc. 6.625% 7/15/2030 <sup>(a)</sup>  | 7855 | 7794 |
| Coty, Inc. 5.60% 1/15/2031 <sup>(a)</sup>  | 30004 | 29063 |
| Darling Ingredients, Inc. 6.00% 6/15/2030 <sup>(a)</sup>  | 16425 | 16553 |
| Fiesta Purchaser, Inc. 7.875% 3/1/2031 <sup>(a)</sup>  | 6320 | 6439 |
| Fiesta Purchaser, Inc. 9.625% 9/15/2032 <sup>(a)</sup>  | 3565 | 3640 |
| Health and Happiness (H&H) International Holdings, Ltd. 9.125% 7/24/2028  | 1450 | 1501 |
| Imperial Brands Finance PLC 5.875% 7/1/2034 <sup>(a)</sup>  | 19816 | 20390 |
| Imperial Brands Finance PLC 5.625% 7/1/2035 <sup>(a)</sup>  | 1050 | 1059 |
| Imperial Brands Finance PLC 6.375% 7/1/2055 <sup>(a)</sup>  | 5026 | 5013 |
| Indofood CBP Sukses Makmur Tbk PT 4.745% 6/9/2051  | 5934 | 4707 |

---

American Funds Multi-Sector Income Fund — Page 23 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Consumer staples (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Industrial F&B Investments III, Inc. 7.75% 2/11/2033 <sup>(a)</sup>  | USD20,055 | $20281 |
| Ingles Markets, Inc. 4.00% 6/15/2031 <sup>(a)</sup>  | 10980 | 10246 |
| InRetail Consumer 3.25% 3/22/2028 <sup>(a)</sup>  | 1100 | 1058 |
| Keurig Dr Pepper, Inc. 5.15% 5/15/2035  | 8657 | 8441 |
| Kronos Acquisition Holdings, Inc. 10.75% 6/30/2032 <sup>(a)</sup>  | 5145 | 1736 |
| Lamb Weston Holdings, Inc. 4.125% 1/31/2030 <sup>(a)</sup>  | 14860 | 14157 |
| Lamb Weston Holdings, Inc. 4.375% 1/31/2032 <sup>(a)</sup>  | 735 | 684 |
| MARB BondCo PLC 3.95% 1/29/2031  | 15840 | 14048 |
| MARB BondCo PLC 3.95% 1/29/2031 <sup>(a)</sup>  | 1700 | 1508 |
| Mars, Inc. 4.80% 3/1/2030 <sup>(a)</sup>  | 3925 | 3967 |
| Mars, Inc. 5.00% 3/1/2032 <sup>(a)</sup>  | 3000 | 3036 |
| Mars, Inc. 4.75% 4/20/2033 <sup>(a)</sup>  | 100 | 100 |
| Mars, Inc. 5.20% 3/1/2035 <sup>(a)</sup>  | 66754 | 67414 |
| Mars, Inc. 5.65% 5/1/2045 <sup>(a)</sup>  | 8864 | 8758 |
| Mars, Inc. 5.70% 5/1/2055 <sup>(a)</sup>  | 31151 | 30396 |
| Mars, Inc. 5.80% 5/1/2065 <sup>(a)</sup>  | 3173 | 3116 |
| Minerva Luxembourg SA 8.875% 9/13/2033 <sup>(a)</sup>  | 12480 | 13345 |
| Minerva Luxembourg SA 8.875% 9/13/2033  | 4715 | 5042 |
| Natura & Co. Luxembourg Holdings SARL 4.125% 5/3/2028 <sup>(a)</sup>  | 1164 | 1102 |
| Opal Bidco SAS 6.50% 3/31/2032 <sup>(a)</sup>  | 8015 | 8028 |
| Performance Food Group, Inc. 4.25% 8/1/2029 <sup>(a)</sup>  | 7902 | 7597 |
| Performance Food Group, Inc. 6.125% 9/15/2032 <sup>(a)</sup>  | 5970 | 5988 |
| Performance Food Group, Inc. 5.625% 3/1/2034 <sup>(a)</sup>  | 2135 | 2062 |
| Philip Morris International, Inc. 5.125% 2/13/2031  | 728 | 745 |
| Philip Morris International, Inc. 4.75% 11/1/2031  | 9436 | 9482 |
| Philip Morris International, Inc. 4.25% 10/29/2032  | 1475 | 1429 |
| Philip Morris International, Inc. 5.75% 11/17/2032  | 3636 | 3829 |
| Philip Morris International, Inc. 5.375% 2/15/2033  | 30210 | 31065 |
| Philip Morris International, Inc. 5.625% 9/7/2033  | 6050 | 6315 |
| Philip Morris International, Inc. 5.25% 2/13/2034  | 14619 | 14893 |
| Philip Morris International, Inc. 4.90% 11/1/2034  | 36859 | 36678 |
| Philip Morris International, Inc. 4.875% 4/30/2035  | 638 | 628 |
| Philip Morris International, Inc. 4.625% 10/29/2035  | 26488 | 25491 |
| Post Holdings, Inc. 4.625% 4/15/2030 <sup>(a)</sup>  | 12976 | 12466 |
| Post Holdings, Inc. 6.25% 2/15/2032 <sup>(a)</sup>  | 7883 | 7974 |
| Post Holdings, Inc. 6.375% 3/1/2033 <sup>(a)</sup>  | 29035 | 28630 |
| Post Holdings, Inc. 6.25% 10/15/2034 <sup>(a)</sup>  | 15615 | 15305 |
| Post Holdings, Inc. 6.50% 3/15/2036 <sup>(a)</sup>  | 10140 | 9941 |
| Prestige Brands, Inc. 5.125% 1/15/2028 <sup>(a)</sup>  | 5175 | 5167 |
| Prestige Brands, Inc. 3.75% 4/1/2031 <sup>(a)</sup>  | 5795 | 5316 |
| United Natural Foods, Inc. 6.75% 10/15/2028 <sup>(a)</sup>  | 4673 | 4681 |
| US Foods, Inc. 4.625% 6/1/2030 <sup>(a)</sup>  | 7920 | 7718 |
| Walmart, Inc. 4.90% 4/28/2035  | 8350 | 8470 |
|  |  | 817124 |
| **Real estate 3.48%** |  |  |
| Anywhere Real Estate Group, LLC 5.75% 1/15/2029 <sup>(a)</sup>  | 3515 | 3391 |
| Anywhere Real Estate Group, LLC 5.25% 4/15/2030 <sup>(a)</sup>  | 7410 | 7007 |
| Boston Properties, LP 2.45% 10/1/2033  | 14376 | 11640 |
| Boston Properties, LP 6.50% 1/15/2034  | 13573 | 14230 |
| Boston Properties, LP 5.75% 1/15/2035  | 38233 | 38039 |
| ERP Operating, LP 4.65% 9/15/2034  | 1485 | 1450 |
| FibraSOMA 4.375% 7/22/2031  | 5000 | 4565 |
| FibraSOMA 4.375% 7/22/2031 <sup>(a)</sup>  | 3933 | 3591 |

---

American Funds Multi-Sector Income Fund — Page 24 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Real estate (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Forestar Group, Inc. 6.50% 3/15/2033 <sup>(a)</sup>  | USD7,560 | $7481 |
| GGP Retail, LLC 5.75% 5/15/2026 <sup>(a)</sup>  | 8286 | 8283 |
| Highwoods Realty, LP 7.65% 2/1/2034  | 15730 | 17465 |
| Howard Hughes Corp. (The) 4.125% 2/1/2029 <sup>(a)</sup>  | 14865 | 14072 |
| Howard Hughes Corp. (The) 4.375% 2/1/2031 <sup>(a)</sup>  | 12225 | 11233 |
| Howard Hughes Corp. (The) 5.875% 3/1/2032 <sup>(a)</sup>  | 34410 | 33148 |
| Howard Hughes Corp. (The) 6.125% 3/1/2034 <sup>(a)</sup>  | 27490 | 26424 |
| Hudson Pacific Properties, LP 4.65% 4/1/2029  | 14565 | 12441 |
| Hudson Pacific Properties, LP 3.25% 1/15/2030  | 37880 | 30657 |
| Iron Mountain, Inc. 5.25% 3/15/2028 <sup>(a)</sup>  | 2115 | 2107 |
| Iron Mountain, Inc. 5.00% 7/15/2028 <sup>(a)</sup>  | 2154 | 2132 |
| Iron Mountain, Inc. 5.25% 7/15/2030 <sup>(a)</sup>  | 16730 | 16264 |
| Iron Mountain, Inc. 4.50% 2/15/2031 <sup>(a)</sup>  | 2310 | 2170 |
| Iron Mountain, Inc. 6.25% 1/15/2033 <sup>(a)</sup>  | 22940 | 22885 |
| Kennedy-Wilson, Inc. 4.75% 3/1/2029  | 13842 | 13652 |
| Kennedy-Wilson, Inc. 4.75% 2/1/2030  | 38674 | 38714 |
| Kennedy-Wilson, Inc. 5.00% 3/1/2031  | 27115 | 27159 |
| Kilroy Realty, LP 5.875% 10/15/2035  | 2943 | 2839 |
| Kilroy Realty, LP 6.25% 1/15/2036  | 2431 | 2411 |
| Ladder Capital Finance Holdings LLLP 4.75% 6/15/2029 <sup>(a)</sup>  | 1786 | 1732 |
| Ladder Capital Finance Holdings LLLP 5.50% 8/1/2030  | 7465 | 7484 |
| MPT Operating Partnership, LP 5.00% 10/15/2027  | 61040 | 56871 |
| MPT Operating Partnership, LP 4.625% 8/1/2029  | 5870 | 4571 |
| MPT Operating Partnership, LP 3.50% 3/15/2031  | 7519 | 4921 |
| MPT Operating Partnership, LP 8.50% 2/15/2032 <sup>(a)</sup>  | 89427 | 90733 |
| Park Intermediate Holdings, LLC 5.875% 10/1/2028 <sup>(a)</sup>  | 8710 | 8678 |
| Park Intermediate Holdings, LLC 4.875% 5/15/2029 <sup>(a)</sup>  | 11440 | 10989 |
| Pebblebrook Hotel, LP 6.375% 10/15/2029 <sup>(a)</sup>  | 8865 | 8888 |
| Piedmont Operating Partnership, LP 5.625% 1/15/2033  | 14170 | 13778 |
| Prologis, LP 4.75% 6/15/2033  | 3745 | 3717 |
| Prologis, LP 5.125% 1/15/2034  | 3379 | 3417 |
| Prologis, LP 5.00% 3/15/2034  | 3034 | 3042 |
| Prologis, LP 5.00% 1/31/2035  | 1197 | 1195 |
| RLJ Lodging Trust, LP 3.75% 7/1/2026 <sup>(a)</sup>  | 780 | 777 |
| Service Properties Trust 4.95% 2/15/2027  | 2467 | 2478 |
| Service Properties Trust 0% 9/30/2027 <sup>(a)</sup>  | 20502 | 18678 |
| Service Properties Trust 5.50% 12/15/2027  | 3925 | 3934 |
| Service Properties Trust 3.95% 1/15/2028  | 29272 | 28021 |
| Service Properties Trust 4.95% 10/1/2029  | 37384 | 33899 |
| Service Properties Trust 4.375% 2/15/2030  | 30146 | 26803 |
| Service Properties Trust 8.625% 11/15/2031 <sup>(a)</sup>  | 15848 | 16563 |
| Simon Property Group, LP 4.375% 10/1/2030  | 3557 | 3538 |
| Simon Property Group, LP 5.125% 10/1/2035  | 1154 | 1156 |
| Sun Hung Kai Properties (Capital Market), Ltd. 2.875% 1/21/2030 <sup>(c)</sup>  | 300 | 284 |
| Trust 2401 7.70% 1/23/2032 <sup>(a)</sup>  | 1186 | 1270 |
| VICI Properties, LP 4.125% 8/15/2030 <sup>(a)</sup>  | 852 | 816 |
| VICI Properties, LP 5.625% 4/1/2035  | 8093 | 8059 |
|  |  | 741742 |
| **Utilities 3.16%** |  |  |
| Aegea Finance SARL 9.00% 1/20/2031 <sup>(a)</sup>  | 8371 | 8391 |
| AEP Transmission Co., LLC 5.375% 6/15/2035  | 150 | 152 |
| AES Panama Generation Holdings, SRL 4.375% 5/31/2030  | 1671 | 1548 |
| Alliant Energy Finance, LLC 3.60% 3/1/2032 <sup>(a)</sup>  | 967 | 895 |

---

American Funds Multi-Sector Income Fund — Page 25 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Utilities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| CenterPoint Energy Houston Electric, LLC 5.05% 3/1/2035  | USD1,585 | $1580 |
| CenterPoint Energy Houston Electric, LLC 4.85% 4/1/2036  | 4855 | 4756 |
| Cleveland Electric Illuminating Co. (The) 4.55% 11/15/2030 <sup>(a)</sup>  | 205 | 203 |
| Comision Federal de Electricidad 6.045% 1/28/2034 <sup>(a)</sup>  | 2637 | 2559 |
| Consumers Energy Co. 4.625% 5/15/2033  | 2675 | 2654 |
| Consumers Energy Co. 5.05% 5/15/2035  | 11100 | 11151 |
| DTE Electric Co. 4.85% 3/1/2036  | 3575 | 3509 |
| Duke Energy Carolinas, LLC 5.35% 1/15/2053  | 4820 | 4520 |
| Duke Energy Florida, LLC 4.85% 12/1/2035  | 4025 | 3952 |
| Duke Energy Progress, LLC 2.00% 8/15/2031  | 2830 | 2494 |
| Duke Energy Progress, LLC 2.50% 8/15/2050  | 1099 | 634 |
| Edison International 4.125% 3/15/2028  | 8475 | 8334 |
| Edison International 5.45% 6/15/2029  | 2487 | 2511 |
| Edison International 6.95% 11/15/2029  | 1851 | 1954 |
| Edison International 4.80% 3/15/2031  | 2924 | 2856 |
| Edison International 5.25% 3/15/2032  | 19341 | 19160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Edison International, junior subordinated, 7.875% 6/15/2054 (5-year UST Yield Curve Rate T Note Constant <br> Maturity + 3.658% on 6/15/2029) <sup>(b)</sup>  | 8600 | 8816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Electricite de France SA 9.125% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T <br> Note Constant Maturity + 5.411% on 6/15/2033) <sup>(a)(b)</sup>  | 10110 | 11710 |
| Empresas Publicas de Medellin ESP 4.25% 7/18/2029 <sup>(a)</sup>  | 300 | 279 |
| Empresas Publicas de Medellin ESP 4.25% 7/18/2029  | 200 | 186 |
| Enel Finance International NV 5.00% 9/30/2035 <sup>(a)</sup>  | 4100 | 3978 |
| Enfragen Energia Sur SA 5.375% 12/30/2030  | 6100 | 5561 |
| ENN Clean Energy International Investment, Ltd. 3.375% 5/12/2026 <sup>(a)</sup>  | 3670 | 3662 |
| FirstEnergy Corp. 2.65% 3/1/2030  | 16545 | 15324 |
| Florida Power & Light Co. 5.10% 4/1/2033  | 2756 | 2813 |
| Florida Power & Light Co. 5.30% 6/15/2034  | 21655 | 22273 |
| Florida Power & Light Co. 4.70% 2/15/2036  | 14257 | 13903 |
| Florida Power & Light Co. 5.60% 6/15/2054  | 975 | 955 |
| Florida Power & Light Co. 5.70% 3/15/2055  | 4551 | 4536 |
| Ithaca Energy (North Sea) PLC 8.125% 10/15/2029 <sup>(a)</sup>  | 6010 | 6167 |
| Jersey Central Power & Light Co. 2.75% 3/1/2032 <sup>(a)</sup>  | 4067 | 3655 |
| Jersey Central Power & Light Co. 5.10% 1/15/2035  | 450 | 450 |
| Light Energia SA 4.375% 6/18/2026  | 3438 | 3351 |
| Light Servicos de Eletricidade SA 4.21% 12/19/2032  | 1526 | 1072 |
| Light Servicos de Eletricidade SA 2.26% PIK 12/19/2037 <sup>(d)</sup>  | 670 | 181 |
| Long Ridge Energy, LLC 8.75% 2/15/2032 <sup>(a)</sup>  | 23410 | 24577 |
| Minejesa Capital BV 4.625% 8/10/2030  | 2596 | 2570 |
| MVM Energetika Zartkoruen Mukodo Reszvenytarsasag 7.50% 6/9/2028  | 2185 | 2273 |
| NextEra Energy Capital Holdings, Inc. 4.685% 9/1/2027  | 1725 | 1734 |
| Northern States Power Co. 5.05% 5/15/2035  | 1025 | 1033 |
| Northern States Power Co. 4.85% 5/15/2036  | 13414 | 13250 |
| Northern States Power Co. 5.40% 3/15/2054  | 1000 | 952 |
| Northern States Power Co. 5.65% 5/15/2055  | 170 | 167 |
| Pacific Gas and Electric Co. 2.10% 8/1/2027  | 17158 | 16636 |
| Pacific Gas and Electric Co. 4.55% 7/1/2030  | 16876 | 16653 |
| Pacific Gas and Electric Co. 2.50% 2/1/2031  | 8058 | 7224 |
| Pacific Gas and Electric Co. 3.25% 6/1/2031  | 3382 | 3121 |
| Pacific Gas and Electric Co. 4.40% 3/1/2032  | 5384 | 5194 |
| Pacific Gas and Electric Co. 6.40% 6/15/2033  | 17877 | 18984 |
| Pacific Gas and Electric Co. 6.95% 3/15/2034  | 18 | 20 |
| Pacific Gas and Electric Co. 5.80% 5/15/2034  | 656 | 672 |
| Pacific Gas and Electric Co. 5.70% 3/1/2035  | 3987 | 4043 |

---

American Funds Multi-Sector Income Fund — Page 26 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Utilities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Pacific Gas and Electric Co. 6.00% 8/15/2035  | USD2,760 | $2853 |
| Pacific Gas and Electric Co. 5.20% 5/1/2036  | 7500 | 7313 |
| Pacific Gas and Electric Co. 3.30% 8/1/2040  | 515 | 385 |
| Pacific Gas and Electric Co. 4.95% 7/1/2050  | 34318 | 28450 |
| Pacific Gas and Electric Co. 3.50% 8/1/2050  | 20745 | 13728 |
| Pacific Gas and Electric Co. 5.90% 10/1/2054  | 7886 | 7354 |
| PacifiCorp 5.45% 2/15/2034  | 4724 | 4709 |
| PacifiCorp 5.80% 4/15/2036  | 16819 | 16961 |
| PacifiCorp 3.30% 3/15/2051  | 5220 | 3260 |
| PacifiCorp 2.90% 6/15/2052  | 1982 | 1130 |
| PacifiCorp 5.35% 12/1/2053  | 18744 | 16091 |
| PacifiCorp 5.50% 5/15/2054  | 26852 | 23568 |
| PacifiCorp 5.80% 1/15/2055  | 14129 | 12916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PacifiCorp, junior subordinated, 7.125% 8/15/2056 (1-year UST Yield Curve Rate T Note Constant Maturity + <br> 3.292% on 8/15/2031) <sup>(b)</sup>  | 2000 | 1890 |
| PECO Energy Co. 4.875% 9/15/2035  | 1050 | 1041 |
| PECO Energy Co. 5.65% 9/15/2055  | 363 | 357 |
| PG&E Corp. 5.00% 7/1/2028  | 1560 | 1549 |
| PG&E Corp. 5.25% 7/1/2030  | 22755 | 22466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PG&E Corp., junior subordinated, 6.85% 9/15/2056 (5-year UST Yield Curve Rate T Note Constant Maturity + <br> 3.225% on 9/15/2031) <sup>(b)</sup>  | 26200 | 25900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PG&E Corp., junior subordinated, 7.375% 3/15/2055 (5-year UST Yield Curve Rate T Note Constant Maturity + <br> 3.883% on 3/15/2030) <sup>(b)</sup>  | 13334 | 13431 |
| Public Service Electric and Gas Co. 1.90% 8/15/2031  | 5783 | 5070 |
| Public Service Electric and Gas Co. 4.90% 8/15/2035  | 3150 | 3127 |
| Public Service Electric and Gas Co. 5.625% 1/1/2056  | 8700 | 8567 |
| Public Service Enterprise Group, Inc. 5.40% 3/15/2035  | 450 | 456 |
| Saavi Energia SARL 8.875% 2/10/2035 <sup>(a)</sup>  | 4875 | 5122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; San Miguel Global Power Holdings Corp. 8.125% perpetual bonds (5-year UST Yield Curve Rate T Note Constant <br> Maturity + 6.404% on 3/2/2030) <sup>(b)</sup>  | 555 | 540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; San Miguel Global Power Holdings Corp. 8.75% perpetual bonds (5-year UST Yield Curve Rate T Note Constant <br> Maturity + 7.732% on 9/12/2029) <sup>(b)</sup>  | 2967 | 2930 |
| Southern California Edison Co. 4.20% 3/1/2029  | 100 | 99 |
| Southern California Edison Co. 2.85% 8/1/2029  | 8468 | 7991 |
| Southern California Edison Co. 2.25% 6/1/2030  | 2570 | 2326 |
| Southern California Edison Co. 2.50% 6/1/2031  | 11312 | 10108 |
| Southern California Edison Co. 5.45% 6/1/2031  | 3100 | 3172 |
| Southern California Edison Co. 4.80% 3/15/2033  | 24160 | 23739 |
| Southern California Edison Co. 5.20% 6/1/2034  | 24545 | 24374 |
| Southern California Edison Co. 4.50% 9/1/2040  | 1495 | 1285 |
| Southern California Edison Co. 3.60% 2/1/2045  | 3221 | 2298 |
| Southern California Edison Co. 4.00% 4/1/2047  | 5680 | 4225 |
| Southern California Edison Co. 2.95% 2/1/2051  | 1705 | 1027 |
| Southern California Edison Co. 3.45% 2/1/2052  | 1920 | 1258 |
| Southern California Edison Co. 6.20% 9/15/2055  | 2700 | 2680 |
| Talen Energy Supply, LLC 8.625% 6/1/2030 <sup>(a)</sup>  | 17654 | 18529 |
| Union Electric Co. 5.25% 4/15/2035  | 4300 | 4351 |
| Union Electric Co. 2.625% 3/15/2051  | 1820 | 1078 |
| Union Electric Co. 5.125% 3/15/2055  | 400 | 363 |
| Vistra Operations Co., LLC 4.375% 5/1/2029 <sup>(a)</sup>  | 2490 | 2432 |
| Vistra Operations Co., LLC 6.875% 4/15/2032 <sup>(a)</sup>  | 4780 | 4950 |
| Wisconsin Electric Power Co. 4.60% 10/1/2034  | 325 | 320 |
| Wisconsin Electric Power Co. 5.05% 10/1/2054  | 150 | 135 |
| Wisconsin Power and Light Co. 1.95% 9/16/2031  | 1275 | 1108 |

---

American Funds Multi-Sector Income Fund — Page 27 of 59

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**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Utilities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Xcel Energy, Inc. 2.35% 11/15/2031  | USD1,175 | $1036 |
| Xcel Energy, Inc. 5.60% 4/15/2035  | 23 | 23 |
| YPF Energia Electrica SA 7.875% 10/16/2032 <sup>(a)</sup>  | 12333 | 12537 |
|  |  | 674396 |
| **Collateralized mortgage-backed obligations 0.02%** |  |  |
| VM Fund I, LLC 8.625% 1/15/2028 <sup>(a)(f)</sup>  | 3791 | 3791 |
| **Total corporate bonds and notes** |  | 14989695 |
| **Mortgage-backed obligations 11.62%**<br> **Commercial mortgage-backed securities 8.06%**<br>|  |  |
| 3650R Commercial Mortgage Trust, Series 2022-PF2, Class B, 5.467% 11/15/2055 <sup>(h)(i)</sup>  | 12268 | 11739 |
| ALA Trust, Series 2025-OANA, Class C, (1-month USD CME Term SOFR + 2.092%) 5.765% 6/15/2040 <sup>(a)(h)(i)</sup>  | 19993 | 20080 |
| Arbor Multi Family Mortgage Securities Trust, Series 2020-MF1, Class B, 3.716% 5/15/2053 <sup>(h)(i)</sup>  | 500 | 469 |
| Atrium Hotel Portfolio Trust, Series 2024-ATRM, Class C, 5.952% 11/10/2029 <sup>(a)(h)(i)</sup>  | 6821 | 6900 |
| Atrium Hotel Portfolio Trust, Series 2024-ATRM, Class D, 7.167% 11/10/2029 <sup>(a)(h)(i)</sup>  | 24047 | 24559 |
| Banc of America Commercial Mortgage, Inc., Series 2016-UB10, Class C, 4.906% 7/15/2049 <sup>(h)(i)</sup>  | 3445 | 3340 |
| Banc of America Commercial Mortgage, Inc., Series 2017-BNK3, Class A4, 3.574% 2/15/2050 <sup>(h)</sup>  | 10 | 10 |
| Bank Commercial Mortgage Trust, Series 2019-BN23, Class C, 3.619% 12/15/2052 <sup>(h)(i)</sup>  | 6761 | 5793 |
| Bank Commercial Mortgage Trust, Series 2017-BNK9, Class A4, 3.538% 11/15/2054 <sup>(h)</sup>  | 10 | 10 |
| Bank Commercial Mortgage Trust, Series 2022-BNK43, Class B, 5.325% 8/15/2055 <sup>(h)(i)</sup>  | 5080 | 4904 |
| Bank Commercial Mortgage Trust, Series 2022-BNK44, Class B, 5.746% 11/15/2055 <sup>(h)(i)</sup>  | 8068 | 8047 |
| Bank Commercial Mortgage Trust, Series 2022-BNK44, Class C, 5.746% 11/15/2055 <sup>(h)(i)</sup>  | 7260 | 6952 |
| Bank Commercial Mortgage Trust, Series 2023-BNK45, Class B, 6.148% 2/15/2056 <sup>(h)(i)</sup>  | 5438 | 5634 |
| Bank Commercial Mortgage Trust, Series 2023-5YR1, Class B, 6.677% 4/15/2056 <sup>(h)(i)</sup>  | 10537 | 10757 |
| Bank Commercial Mortgage Trust, Series 2023-5YR2, Class AS, 7.379% 7/15/2056 <sup>(h)(i)</sup>  | 9389 | 9814 |
| Bank Commercial Mortgage Trust, Series 2023-BNK46, Class B, 7.00% 8/15/2056 <sup>(h)(i)</sup>  | 3955 | 4154 |
| Bank Commercial Mortgage Trust, Series 2023-5YR4, Class B, 7.605% 12/15/2056 <sup>(h)(i)</sup>  | 559 | 591 |
| Bank Commercial Mortgage Trust, Series 2023-5YR4, Class C, 7.858% 12/15/2056 <sup>(h)(i)</sup>  | 3255 | 3396 |
| Bank Commercial Mortgage Trust, Series 2024-5YR9, Class B, 6.483% 8/15/2057 <sup>(h)(i)</sup>  | 9932 | 10251 |
| Bank Commercial Mortgage Trust, Series 2024-5YR11, Class B, 6.533% 11/15/2057 <sup>(h)(i)</sup>  | 5726 | 5875 |
| Bank Commercial Mortgage Trust, Series 2024-5YR12, Class B, 6.277% 12/15/2057 <sup>(h)(i)</sup>  | 5572 | 5721 |
| Bank Commercial Mortgage Trust, Series 2025-5YR14, Class C, 6.463% 4/15/2058 <sup>(h)(i)</sup>  | 4364 | 4438 |
| Bank Commercial Mortgage Trust, Series 2025-5YR14, Class B, 6.474% 4/15/2058 <sup>(h)(i)</sup>  | 9781 | 10134 |
| Bank Commercial Mortgage Trust, Series 2017-BNK7, Class C, 4.103% 9/15/2060 <sup>(h)(i)</sup>  | 2442 | 2218 |
| Bank Commercial Mortgage Trust, Series 2019-BN19, Class B, 3.647% 8/15/2061 <sup>(h)</sup>  | 3870 | 3373 |
| Bank Commercial Mortgage Trust, Series 2019-BN18, Class C, 4.354% 5/15/2062 <sup>(h)(i)</sup>  | 1935 | 1627 |
| Bank Commercial Mortgage Trust, Series 2019-BN20, Class B, 3.395% 9/15/2062 <sup>(h)(i)</sup>  | 3740 | 3146 |
| Bank Commercial Mortgage Trust, Series 2020-BN25, Class C, 3.463% 1/15/2063 <sup>(h)(i)</sup>  | 6057 | 5301 |
| Bank Commercial Mortgage Trust, Series 2020-BN26, Class C, 3.414% 3/15/2063 <sup>(h)(i)</sup>  | 8970 | 7546 |
| Bank5, Series 2025-5YR17, Class B, 5.992% 11/15/2058 <sup>(h)(i)</sup>  | 3378 | 3458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barclays Commercial Mortgage Securities, LLC, Series 2018-TALL, Class A, ((1-month USD CME Term SOFR + <br> 0.047%) + 0.872%) 4.592% 3/15/2037 <sup>(a)(h)(i)</sup>  | 3286 | 3119 |
| Barclays Commercial Mortgage Securities, LLC, Series 2022-C15, Class C, 3.931% 4/15/2055 <sup>(h)(i)</sup>  | 8527 | 7116 |
| Barclays Commercial Mortgage Securities, LLC, Series 2022-C17, Class B, 4.889% 9/15/2055 <sup>(h)(i)</sup>  | 10648 | 10113 |
| Barclays Commercial Mortgage Securities, LLC, Series 2022-C18, Class C, 6.369% 12/15/2055 <sup>(h)(i)</sup>  | 11933 | 11791 |
| Barclays Commercial Mortgage Securities, LLC, Series 2023-C19, Class AS, 6.07% 4/15/2056 <sup>(h)(i)</sup>  | 14288 | 14796 |
| Barclays Commercial Mortgage Securities, LLC, Series 2023-C20, Class B, 6.167% 7/15/2056 <sup>(h)(i)</sup>  | 7743 | 7889 |
| Barclays Commercial Mortgage Securities, LLC, Series 2024-C24, Class C, 6.00% 2/15/2057 <sup>(h)</sup>  | 759 | 747 |
| Barclays Commercial Mortgage Securities, LLC, Series 2024-5C27, Class B, 6.70% 7/15/2057 <sup>(h)(i)</sup>  | 6326 | 6571 |
| Barclays Commercial Mortgage Securities, LLC, Series 2024-C28, Class B, 5.894% 9/15/2057 <sup>(h)(i)</sup>  | 5555 | 5651 |
| Barclays Commercial Mortgage Securities, LLC, Series 2024-C30, Class B, 6.031% 11/15/2057 <sup>(h)(i)</sup>  | 2738 | 2821 |
| Barclays Commercial Mortgage Securities, LLC, Series 2025-5C33, Class B, 6.435% 3/15/2058 <sup>(h)(i)</sup>  | 5357 | 5569 |
| Barclays Commercial Mortgage Securities, LLC, Series 2025-5C34, Class B, 6.542% 5/15/2058 <sup>(h)(i)</sup>  | 2956 | 3094 |

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American Funds Multi-Sector Income Fund — Page 28 of 59

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Commercial mortgage-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Benchmark Mortgage Trust, Series 2018-B2, Class A4, 3.615% 2/15/2051 <sup>(h)</sup>  | USD25 | $25 |
| Benchmark Mortgage Trust, Series 2018-B2, Class B, 4.432% 2/15/2051 <sup>(h)(i)</sup>  | 2905 | 2622 |
| Benchmark Mortgage Trust, Series 2018-B3, Class A5, 4.025% 4/10/2051 <sup>(h)</sup>  | 10 | 10 |
| Benchmark Mortgage Trust, Series 2018-B3, Class B, 4.295% 4/10/2051 <sup>(h)(i)</sup>  | 1445 | 1352 |
| Benchmark Mortgage Trust, Series 2018-B4, Class A5, 4.121% 7/15/2051 <sup>(h)(i)</sup>  | 10 | 10 |
| Benchmark Mortgage Trust, Series 2019-B11, Class B, 3.955% 5/15/2052 <sup>(h)(i)</sup>  | 4840 | 4098 |
| Benchmark Mortgage Trust, Series 2021-B23, Class C, 2.563% 2/15/2054 <sup>(h)(i)</sup>  | 1500 | 1099 |
| Benchmark Mortgage Trust, Series 2021-B25, Class B, 2.635% 4/15/2054 <sup>(h)</sup>  | 5325 | 4179 |
| Benchmark Mortgage Trust, Series 2021-B28, Class B, 2.244% 8/15/2054 <sup>(h)(i)</sup>  | 7260 | 5981 |
| Benchmark Mortgage Trust, Series 2022-B34, Class A5, 3.786% 4/15/2055 <sup>(h)(i)</sup>  | 1753 | 1622 |
| Benchmark Mortgage Trust, Series 2022-B35, Class C, 4.594% 5/15/2055 <sup>(h)(i)</sup>  | 11871 | 9586 |
| Benchmark Mortgage Trust, Series 2022-B35, Class B, 4.594% 5/15/2055 <sup>(h)(i)</sup>  | 1935 | 1672 |
| Benchmark Mortgage Trust, Series 2023-V2, Class B, 6.77% 5/15/2055 <sup>(h)(i)</sup>  | 13297 | 13601 |
| Benchmark Mortgage Trust, Series 2022-B36, Class B, 4.87% 7/15/2055 <sup>(h)(i)</sup>  | 7260 | 6981 |
| Benchmark Mortgage Trust, Series 2023-B38, Class AM, 6.121% 4/15/2056 <sup>(h)(i)</sup>  | 21893 | 22548 |
| Benchmark Mortgage Trust, Series 2024-V7, Class AS, 6.533% 5/15/2056 <sup>(h)(i)</sup>  | 12472 | 12993 |
| Benchmark Mortgage Trust, Series 2023-V3, Class B, 6.924% 7/15/2056 <sup>(h)(i)</sup>  | 6283 | 6428 |
| Benchmark Mortgage Trust, Series 2023-B40, Class B, 6.581% 12/15/2056 <sup>(h)(i)</sup>  | 6914 | 7228 |
| Benchmark Mortgage Trust, Series 2024-V5, Class AM, 6.417% 1/10/2057 <sup>(h)(i)</sup>  | 4555 | 4727 |
| Benchmark Mortgage Trust, Series 2024-V5, Class C, 7.205% 1/10/2057 <sup>(h)(i)</sup>  | 1155 | 1181 |
| Benchmark Mortgage Trust, Series 2024-V8, Class B, 7.179% 7/15/2057 <sup>(h)(i)</sup>  | 5965 | 6260 |
| Benchmark Mortgage Trust, Series 2019-B13, Class A4, 2.952% 8/15/2057 <sup>(h)</sup>  | 20 | 19 |
| Benchmark Mortgage Trust, Series 2024-V9, Class B, 6.466% 8/15/2057 <sup>(h)(i)</sup>  | 4404 | 4551 |
| Benchmark Mortgage Trust, Series 2024-V10, Class B, 5.977% 9/15/2057 <sup>(h)(i)</sup>  | 5805 | 5875 |
| Benchmark Mortgage Trust, Series 2024-V11, Class B, 6.586% 11/15/2057 <sup>(h)(i)</sup>  | 4710 | 4883 |
| Benchmark Mortgage Trust, Series 2024-V12, Class B, 6.282% 12/15/2057 <sup>(h)(i)</sup>  | 2000 | 2037 |
| Benchmark Mortgage Trust, Series 2025-V15, Class C, 6.268% 6/15/2058 <sup>(h)</sup>  | 3400 | 3452 |
| Benchmark Mortgage Trust, Series 2025-V15, Class B, 6.425% 6/15/2058 <sup>(h)</sup>  | 5562 | 5787 |
| Benchmark Mortgage Trust, Series 2025-V16, Class B, 6.13% 8/15/2058 <sup>(h)(i)</sup>  | 8693 | 9010 |
| Benchmark Mortgage Trust, Series 2025-V18, Class C, 6.139% 10/15/2058 <sup>(h)</sup>  | 4489 | 4482 |
| BFLD Trust, Series 2025-5MW, Class A, 4.83% 10/10/2042 <sup>(a)(h)(i)</sup>  | 18297 | 18171 |
| BFLD Trust, Series 2025-5MW, Class D, 6.583% 10/10/2042 <sup>(a)(h)(i)</sup>  | 1779 | 1806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BLP Commercial Mortgage Trust, Series 2024-IND2, Class D, (1-month USD CME Term SOFR + 2.59%) 6.263% <br> 3/15/2041 <sup>(a)(h)(i)</sup>  | 5591 | 5587 |
| BMO Mortgage Trust, Series 2023-C4, Class B, 5.59% 2/15/2056 <sup>(h)(i)</sup>  | 2981 | 2972 |
| BMO Mortgage Trust, Series 2023-5C1, Class B, 6.96% 8/15/2056 <sup>(h)(i)</sup>  | 10176 | 10480 |
| BMO Mortgage Trust, Series 2023-5C1, Class C, 7.355% 8/15/2056 <sup>(h)(i)</sup>  | 4297 | 4382 |
| BMO Mortgage Trust, Series 2023-5C2, Class C, 7.485% 11/15/2056 <sup>(h)(i)</sup>  | 2887 | 2938 |
| BMO Mortgage Trust, Series 2024-5C3, Class D, 4.00% 2/15/2057 <sup>(a)(h)</sup>  | 666 | 596 |
| BMO Mortgage Trust, Series 2024-5C3, Class AS, 6.286% 2/15/2057 <sup>(h)(i)</sup>  | 3598 | 3715 |
| BMO Mortgage Trust, Series 2024-5C5, Class B, 6.98% 2/15/2057 <sup>(h)(i)</sup>  | 5018 | 5172 |
| BMO Mortgage Trust, Series 2024-5C3, Class C, 7.088% 2/15/2057 <sup>(h)(i)</sup>  | 2295 | 2329 |
| BMO Mortgage Trust, Series 2024-5C4, Class C, 7.252% 5/15/2057 <sup>(h)(i)</sup>  | 3783 | 3881 |
| BMO Mortgage Trust, Series 2024-C9, Class B, 6.561% 7/15/2057 <sup>(h)(i)</sup>  | 5965 | 6188 |
| BMO Mortgage Trust, Series 2024-C10, Class B, 6.079% 11/15/2057 <sup>(h)(i)</sup>  | 6532 | 6593 |
| BMO Mortgage Trust, Series 2024-5C7, Class B, 6.41% 11/15/2057 <sup>(h)(i)</sup>  | 2420 | 2476 |
| BMP Trust, Series 2024-MF23, Class E, (1-month USD CME Term SOFR + 3.389%) 7.062% 6/15/2041 <sup>(a)(h)(i)</sup>  | 10032 | 10019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BOCA Commercial Mortgage Trust, Series 2025-BOCA, Class A, (1-month USD CME Term SOFR + 1.60%) <br> 5.323% 12/15/2042 <sup>(a)(h)(i)</sup>  | 8221 | 8240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BOCA Commercial Mortgage Trust, Series 2025-BOCA, Class B, (1-month USD CME Term SOFR + 1.90%) <br> 5.573% 12/15/2042 <sup>(a)(h)(i)</sup>  | 5282 | 5289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BOCA Commercial Mortgage Trust, Series 2025-BOCA, Class C, (1-month USD CME Term SOFR + 2.15%) <br> 5.923% 12/15/2042 <sup>(a)(h)(i)</sup>  | 3583 | 3582 |

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American Funds Multi-Sector Income Fund — Page 29 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Commercial mortgage-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BOCA Commercial Mortgage Trust, Series 2025-BOCA, Class D, (1-month USD CME Term SOFR + 2.50%) <br> 6.273% 12/15/2042 <sup>(a)(h)(i)</sup>  | USD1,203 | $1201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust, Series 2024-KING, Class D, (1-month USD CME Term SOFR + 2.49%) 6.162% <br> 5/15/2034 <sup>(a)(h)(i)</sup>  | 2857 | 2862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust, Series 2021-SDMF, Class E, (1-month USD CME Term SOFR + 1.701%) 5.374% <br> 9/15/2034 <sup>(a)(h)(i)</sup>  | 1345 | 1343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust, Series 2021-ACNT, Class D, (1-month USD CME Term SOFR + 1.964%) 5.637% <br> 11/15/2038 <sup>(a)(h)(i)</sup>  | 2228 | 2227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust, Series 2021-ACNT, Class E, (1-month USD CME Term SOFR + 2.311%) 5.984% <br> 11/15/2038 <sup>(a)(h)(i)</sup>  | 1087 | 1087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust, Series 2022-AHP, Class B, (1-month USD CME Term SOFR + 1.84%) 5.513% <br> 1/17/2039 <sup>(a)(h)(i)</sup>  | 2952 | 2953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust, Series 2022-LP2, Class D, (1-month USD CME Term SOFR + 1.961%) 5.633% <br> 2/15/2039 <sup>(a)(h)(i)</sup>  | 2100 | 2101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust, Series 2024-GPA2, Class E, (1-month USD CME Term SOFR + 3.54%) 7.212% <br> 11/15/2041 <sup>(a)(h)(i)</sup>  | 7398 | 7404 |
| BX Commercial Mortgage Trust, Series 2025-BIO3, Class C, 7.193% 2/10/2042 <sup>(a)(h)(i)</sup>  | 1787 | 1800 |
| BX Commercial Mortgage Trust, Series 2020-VIV3, Class B, 3.544% 3/9/2044 <sup>(a)(h)(i)</sup>  | 4788 | 4515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust, Series 2026-VLT9, Class A, (1-month USD CME Term SOFR + 1.70%) 5.373% <br> 3/15/2045 <sup>(a)(h)(i)</sup>  | 22000 | 21936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust, Series 2026-VLT9, Class B, (1-month USD CME Term SOFR + 2.15%) 5.823% <br> 3/15/2045 <sup>(a)(h)(i)</sup>  | 45513 | 45282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust, Series 2026-VLT9, Class C, (1-month USD CME Term SOFR + 2.55%) 6.223% <br> 3/15/2045 <sup>(a)(h)(i)</sup>  | 17941 | 17857 |
| BX Trust, Series 2024-KING, Class C, (1-month USD CME Term SOFR + 1.94%) 5.613% 5/15/2034 <sup>(a)(h)(i)</sup>  | 7730 | 7741 |
| BX Trust, Series 2021-SDMF, Class C, (1-month USD CME Term SOFR + 1.002%) 4.675% 9/15/2034 <sup>(a)(h)(i)</sup>  | 1888 | 1887 |
| BX Trust, Series 2021-SDMF, Class D, (1-month USD CME Term SOFR + 1.501%) 5.174% 9/15/2034 <sup>(a)(h)(i)</sup>  | 1796 | 1794 |
| BX Trust, Series 2022-IND, Class D, (1-month USD CME Term SOFR + 2.839%) 6.512% 4/15/2037 <sup>(a)(h)(i)</sup>  | 551 | 552 |
| BX Trust, Series 2022-AHP, Class C, (1-month USD CME Term SOFR + 2.09%) 5.763% 1/17/2039 <sup>(a)(h)(i)</sup>  | 3808 | 3810 |
| BX Trust, Series 2024-AIRC, Class D, (1-month USD CME Term SOFR + 3.089%) 6.762% 8/15/2041 <sup>(a)(h)(i)</sup>  | 9232 | 9253 |
| BX Trust, Series 2024-AIR2, Class D, (1-month USD CME Term SOFR + 2.79%) 6.463% 10/15/2041 <sup>(a)(h)(i)</sup>  | 5111 | 5121 |
| BX Trust, Series 2024-GPA2, Class A, (1-month USD CME Term SOFR + 1.542%) 5.215% 11/15/2041 <sup>(a)(h)(i)</sup>  | 10252 | 10271 |
| BX Trust, Series 2024-GPA2, Class D, (1-month USD CME Term SOFR + 2.591%) 6.263% 11/15/2041 <sup>(a)(h)(i)</sup>  | 1774 | 1775 |
| BX Trust, Series 2024-FNX, Class D, (1-month USD CME Term SOFR + 2.94%) 6.613% 11/15/2041 <sup>(a)(h)(i)</sup>  | 18503 | 18534 |
| BX Trust, Series 2025-BIO3, Class D, 7.193% 2/10/2042 <sup>(a)(h)(i)</sup>  | 24155 | 24191 |
| BX Trust, Series 2025-VLT6, Class C, (1-month USD CME Term SOFR + 2.1922%) 5.865% 3/15/2042 <sup>(a)(h)(i)</sup>  | 12538 | 12439 |
| BX Trust, Series 2025-VLT6, Class D, (1-month USD CME Term SOFR + 2.5916%) 6.264% 3/15/2042 <sup>(a)(h)(i)</sup>  | 18408 | 18246 |
| BX Trust, Series 2025-GW, Class B, (1-month USD CME Term SOFR + 1.85%) 5.523% 7/15/2042 <sup>(a)(h)(i)</sup>  | 12420 | 12434 |
| BX Trust, Series 2025-GW, Class C, (1-month USD CME Term SOFR + 2.10%) 5.773% 7/15/2042 <sup>(a)(h)(i)</sup>  | 10250 | 10264 |
| BX Trust, Series 2025-DELC, Class A, (1-month USD CME Term SOFR + 1.55%) 5.223% 12/15/2042 <sup>(a)(h)(i)</sup>  | 1873 | 1878 |
| BX Trust, Series 2025-DELC, Class B, (1-month USD CME Term SOFR + 1.80%) 5.473% 12/15/2042 <sup>(a)(h)(i)</sup>  | 52 | 52 |
| BX Trust, Series 2020-VIV2, Class C, 3.542% 3/9/2044 <sup>(a)(h)(i)</sup>  | 4985 | 4652 |
| BX Trust, Series 2025-VLT7, Class A, (1-month USD CME Term SOFR + 1.70%) 5.373% 7/15/2044 <sup>(a)(h)(i)</sup>  | 19050 | 18999 |
| BX Trust, Series 2025-VLT7, Class B, (1-month USD CME Term SOFR + 2.00%) 5.673% 7/15/2044 <sup>(a)(h)(i)</sup>  | 13898 | 13843 |
| BX Trust, Series 2025-VLT7, Class C, (1-month USD CME Term SOFR + 2.35%) 6.023% 7/15/2044 <sup>(a)(h)(i)</sup>  | 13324 | 13251 |
| BX Trust, Series 2025-VOLT, Class A, (1-month USD CME Term SOFR + 1.70%) 5.373% 12/15/2044 <sup>(a)(h)(i)</sup>  | 22603 | 22574 |
| BX Trust, Series 2025-VOLT, Class C, (1-month USD CME Term SOFR + 2.10%) 5.773% 12/15/2044 <sup>(a)(h)(i)</sup>  | 19984 | 19880 |
| BX Trust, Series 2025-VOLT, Class D, (1-month USD CME Term SOFR + 2.75%) 6.673% 12/15/2044 <sup>(a)(h)(i)</sup>  | 4650 | 4630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BXSC Commercial Mortgage Trust, Series 2022-WSS, Class B, (1-month USD CME Term SOFR + 2.092%) 5.765% <br> 3/15/2035 <sup>(a)(h)(i)</sup>  | 12864 | 12867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BXSC Commercial Mortgage Trust, Series 2022-WSS, Class D, (1-month USD CME Term SOFR + 3.188%) 6.861% <br> 3/15/2035 <sup>(a)(h)(i)</sup>  | 2404 | 2404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CALI Mortgage Trust, Series 2024-SUN, Class C, (1-month USD CME Term SOFR + 2.79%) 6.459% <br>7/15/2041 <sup>(a)(h)(i)</sup>  | 1794 | 1800 |

---

American Funds Multi-Sector Income Fund — Page 30 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Commercial mortgage-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CALI Mortgage Trust, Series 2024-SUN, Class D, (1-month USD CME Term SOFR + 3.63%) 7.296% <br>7/15/2041 <sup>(a)(h)(i)</sup>  | USD2,400 | $2412 |
| CART, Series 2024-DFW1, Class D, (1-month USD CME Term SOFR + 3.04%) 6.72% 8/15/2041 <sup>(a)(h)(i)</sup>  | 7444 | 7391 |
| CD Commercial Mortgage Trust, Series 2017-CD6, Class A5, 3.456% 11/13/2050 <sup>(h)</sup>  | 10 | 10 |
| Citigroup Commercial Mortgage Trust, Series 2023-PRM3, Class D, 6.36% 7/10/2028 <sup>(a)(h)(i)</sup>  | 12593 | 12648 |
| Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class D, 6.048% 10/12/2040 <sup>(a)(h)(i)</sup>  | 27313 | 27199 |
| Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class C, 6.048% 10/12/2040 <sup>(a)(h)(i)</sup>  | 2450 | 2464 |
| Citigroup Commercial Mortgage Trust, Series 2014-GC25, Class B, 4.345% 10/10/2047 <sup>(h)(i)</sup>  | 982 | 960 |
| Citigroup Commercial Mortgage Trust, Series 2015-GC29, Class C, 3.975% 4/10/2048 <sup>(h)(i)</sup>  | 2575 | 2306 |
| Citigroup Commercial Mortgage Trust, Series 2020-GC46, Class B, 3.15% 2/15/2053 <sup>(h)(i)</sup>  | 1775 | 1563 |
| Citigroup Commercial Mortgage Trust, Series 2022-GC48, Class C, 4.875% 5/15/2054 <sup>(h)(i)</sup>  | 2905 | 2653 |
| Commercial Mortgage Trust, Series 2020-CX, Class D, 2.773% 11/10/2046 <sup>(a)(h)(i)</sup>  | 5805 | 4421 |
| Commercial Mortgage Trust, Series 2014-CR16, Class C, 4.887% 4/10/2047 <sup>(h)(i)</sup>  | 460 | 442 |
| Commercial Mortgage Trust, Series 2014-UBS4, Class AM, 3.968% 8/10/2047 <sup>(h)</sup>  | 100 | 98 |
| Commercial Mortgage Trust, Series 2015-CR26, Class B, 4.837% 10/10/2048 <sup>(h)(i)</sup>  | 2481 | 2434 |
| Commercial Mortgage Trust, Series 2015-CCRE-26, Class C, 4.837% 10/10/2048 <sup>(h)(i)</sup>  | 860 | 812 |
| Commercial Mortgage Trust, Series 2016-COR1, Class A4, 3.091% 10/10/2049 <sup>(h)</sup>  | 25 | 25 |
| Commercial Mortgage Trust, Series 2019-GC44, Class C, 3.644% 8/15/2057 <sup>(h)(i)</sup>  | 1000 | 826 |
| DATA 2023-CNTR Mortgage Trust, Series 2023-CNTR, Class C, 5.728% 8/12/2043 <sup>(a)(h)(i)</sup>  | 1935 | 1827 |
| DATA 2023-CNTR Mortgage Trust, Series 2023-CNTR, Class D, 5.728% 8/12/2043 <sup>(a)(h)(i)</sup>  | 18967 | 17264 |
| DC Commercial Mortgage Trust, Series 2023-DC, Class D, 7.379% 9/12/2040 <sup>(a)(h)(i)</sup>  | 21951 | 22139 |
| DC Commercial Mortgage Trust, Series 2023-DC, Class C, 7.379% 9/12/2040 <sup>(a)(h)(i)</sup>  | 3950 | 3997 |
| Durst Commercial Mortgage Trust, Series 2025-151, Class A, 5.317% 8/10/2042 <sup>(a)(h)(i)</sup>  | 10935 | 11047 |
| ELM Trust 2024, Series 2024-ELM, Class D10, 6.847% 6/10/2039 <sup>(a)(h)(i)</sup>  | 2040 | 2042 |
| ELM Trust 2024, Series 2024-ELM, Class D15, 6.897% 6/10/2039 <sup>(a)(h)(i)</sup>  | 2951 | 2954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Extended Stay America Trust, Series 2025-ESH, Class A, (1-month USD CME Term SOFR + 1.30%) 4.973% <br> 10/15/2042 <sup>(a)(h)(i)</sup>  | 6635 | 6644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Extended Stay America Trust, Series 2025-ESH, Class D, (1-month USD CME Term SOFR + 2.60%) 6.273% <br> 10/15/2042 <sup>(a)(h)(i)</sup>  | 7287 | 7314 |
| FIVE Mortgage Trust, Series 2023-V1, Class B, 6.559% 2/10/2056 <sup>(h)(i)</sup>  | 7192 | 7321 |
| FIVE Mortgage Trust, Series 2023-V1, Class C, 6.559% 2/10/2056 <sup>(h)(i)</sup>  | 2822 | 2828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fontainebleau Miami Beach Trust, Series 2024-FBLU, Class A, (1-month USD CME Term SOFR + 1.45%) 5.123% <br> 12/15/2039 <sup>(a)(h)(i)</sup>  | 6705 | 6711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fontainebleau Miami Beach Trust, Series 2024-FBLU, Class F, (1-month USD CME Term SOFR + 4.25%) 7.923% <br> 12/15/2039 <sup>(a)(h)(i)</sup>  | 12195 | 12272 |
| FS Commercial Mortgage Trust, Series 2023-4SZN, Class C, 8.392% 11/10/2039 <sup>(a)(h)(i)</sup>  | 8898 | 9007 |
| FS Commercial Mortgage Trust, Series 2023-4SZN, Class D, 9.383% 11/10/2039 <sup>(a)(h)(i)</sup>  | 9580 | 9730 |
| Great Wolf Trust, Series 2024-WOLF, Class A, (1-month USD CME Term SOFR + 1.542%) 5.215% 3/15/2039 <sup>(a)(h)(i)</sup>  | 6742 | 6747 |
| Great Wolf Trust, Series 2024-WOLF, Class C, (1-month USD CME Term SOFR + 2.391%) 6.064% 3/15/2039 <sup>(a)(h)(i)</sup>  | 8954 | 8982 |
| Great Wolf Trust, Series 2024-WOLF, Class D, (1-month USD CME Term SOFR + 2.89%) 6.563% 3/15/2039 <sup>(a)(h)(i)</sup>  | 3713 | 3728 |
| GS Mortgage Securities Trust, Series 2024-70P, Class B, 5.887% 3/10/2041 <sup>(a)(h)(i)</sup>  | 7102 | 7161 |
| GS Mortgage Securities Trust, Series 2024-70P, Class C, 6.287% 3/10/2041 <sup>(a)(h)(i)</sup>  | 9123 | 9200 |
| GS Mortgage Securities Trust, Series 2024-70P, Class D, 7.531% 3/10/2041 <sup>(a)(h)(i)</sup>  | 13085 | 13367 |
| GS Mortgage Securities Trust, Series 2018-GS10, Class AS, 4.384% 7/10/2051 <sup>(h)(i)</sup>  | 3870 | 3801 |
| GS Mortgage Securities Trust, Series 2019-GC40, Class C, 3.946% 7/10/2052 <sup>(h)</sup>  | 4224 | 3488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hawaii Hotel Trust, Series 2025-MAUI, Class A, (1-month USD CME Term SOFR + 1.393%) 5.065% <br>3/15/2042 <sup>(a)(h)(i)</sup>  | 3300 | 3302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hawaii Hotel Trust, Series 2025-MAUI, Class B, (1-month USD CME Term SOFR + 1.742%) 5.415% <br>3/15/2042 <sup>(a)(h)(i)</sup>  | 2343 | 2345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hawaii Hotel Trust, Series 2025-MAUI, Class C, (1-month USD CME Term SOFR + 2.042%) 5.714% <br>3/15/2042 <sup>(a)(h)(i)</sup>  | 1407 | 1409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hawaii Hotel Trust, Series 2025-MAUI, Class D, (1-month USD CME Term SOFR + 2.591%) 6.264% <br>3/15/2042 <sup>(a)(h)(i)</sup>  | 15623 | 15648 |
| Hawaii Hotel Trust, Series 2025-MAUI, Class E, (1-month USD CME Term SOFR + 3.29%) 6.963% 3/15/2042 <sup>(a)(h)(i)</sup>  | 12734 | 12517 |

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American Funds Multi-Sector Income Fund — Page 31 of 59

------

**unaudited**

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Commercial mortgage-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Hilton USA Trust, Series 2024-ORL, Class B, (1-month USD CME Term SOFR + 1.941%) 5.613% 5/15/2037 <sup>(a)(h)(i)</sup>  | USD9,680 | $9687 |
| Hilton USA Trust, Series 2024-ORL, Class C, (1-month USD CME Term SOFR + 2.44%) 6.112% 5/15/2037 <sup>(a)(h)(i)</sup>  | 6424 | 6431 |
| Hilton USA Trust, Series 2016-HHV, Class D, 4.194% 11/5/2038 <sup>(a)(h)</sup>  | 1230 | 1224 |
| Houston Galleria Mall Trust, Series 2025-HGLR, Class A, 5.644% 2/5/2045 <sup>(a)(h)(i)</sup>  | 13022 | 13332 |
| HTL Commercial Mortgage Trust, Series 2024-T53, Class C, 7.324% 5/10/2039 <sup>(a)(h)(i)</sup>  | 3052 | 3082 |
| HTL Commercial Mortgage Trust, Series 2024-T53, Class D, 8.471% 5/10/2039 <sup>(a)(h)(i)</sup>  | 7596 | 7701 |
| Hudson Yards Mortgage Trust, Series 2025-SPRL, Class D, 6.551% 1/13/2040 <sup>(a)(h)(i)</sup>  | 500 | 514 |
| Hudson Yards Mortgage Trust, Series 2025-SPRL, Class E, 6.901% 1/13/2040 <sup>(a)(h)(i)</sup>  | 25854 | 26274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INTOWN Mortgage Trust, Series 2025-STAY, Class C, (1-month USD CME Term SOFR + 2.25%) 5.923% <br>3/15/2042 <sup>(a)(h)(i)</sup>  | 15000 | 15002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INTOWN Mortgage Trust, Series 2025-STAY, Class D, (1-month USD CME Term SOFR + 2.85%) 6.523% <br>3/15/2042 <sup>(a)(h)(i)</sup>  | 23700 | 23699 |
| Invitation Homes Trust, Series 2024-SFR1, Class E, 4.50% 9/17/2041 <sup>(a)(h)</sup>  | 1000 | 961 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class C, 3.377% 1/5/2039 <sup>(a)(h)</sup>  | 1750 | 1488 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class C, 3.565% 1/5/2039 <sup>(a)(h)(i)</sup>  | 437 | 358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JW Commercial Mortgage Trust 2024-MRCO, Series 2024-BERY, Class A, (1-month USD CME Term SOFR + <br> 1.593%) 5.266% 11/15/2039 <sup>(a)(h)(i)</sup>  | 8913 | 8925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JW Commercial Mortgage Trust 2024-MRCO, Series 2024-BERY, Class B, (1-month USD CME Term SOFR + <br> 1.942%) 5.615% 11/15/2039 <sup>(a)(h)(i)</sup>  | 16360 | 16396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JW Commercial Mortgage Trust 2024-MRCO, Series 2024-BERY, Class C, (1-month USD CME Term SOFR + <br> 2.242%) 5.915% 11/15/2039 <sup>(a)(h)(i)</sup>  | 5469 | 5486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KSL Commercial Mortgage Trust, Series 2024-HT2, Class D, (1-month USD CME Term SOFR + 3.29%) 6.962% <br> 12/15/2039 <sup>(a)(h)(i)</sup>  | 19607 | 19531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KSL Commercial Mortgage Trust, Series 2024-HT2, Class E, (1-month USD CME Term SOFR + 4.538%) 8.211% <br> 12/15/2039 <sup>(a)(h)(i)</sup>  | 15151 | 15219 |
| LSTAR Commercial Mortgage Trust, Series 2017-5, Class C, 4.845% 3/10/2050 <sup>(a)(h)(i)</sup>  | 1670 | 1577 |
| LV Trust, Series 2024-SHOW, Class C, 5.669% 10/10/2041 <sup>(a)(h)(i)</sup>  | 4475 | 4516 |
| Manhattan West, Series 2020-1MW, Class C, 2.413% 9/10/2039 <sup>(a)(h)(i)</sup>  | 2942 | 2827 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class AS, 3.561% 4/15/2048 <sup>(h)</sup>  | 2236 | 2163 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2025-5C2, Class C, 5.743% 11/15/2058 <sup>(h)(i)</sup>  | 992 | 975 |
| Morgan Stanley Capital I Trust, Series 2017-H1, Class A5, 3.53% 6/15/2050 <sup>(h)</sup>  | 45 | 45 |
| Morgan Stanley Capital I Trust, Series 2019-L3, Class B, 3.768% 11/15/2052 <sup>(h)(i)</sup>  | 5130 | 4662 |
| MSWF Commercial Mortgage Trust, Series 2023-1, Class B, 6.906% 5/15/2056 <sup>(h)(i)</sup>  | 4421 | 4642 |
| MSWF Commercial Mortgage Trust, Series 2023-2, Class B, 6.873% 12/15/2056 <sup>(h)(i)</sup>  | 12876 | 13760 |
| MSWF Commercial Mortgage Trust, Series 2023-2, Class C, 7.245% 12/15/2056 <sup>(h)(i)</sup>  | 2469 | 2611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2019-1, Class M10, (30-day Average USD-SOFR + 3.364%) <br> 7.026% 10/25/2049 <sup>(a)(h)(i)</sup>  | 1010 | 1027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2020-01, Class M10, (30-day Average USD-SOFR + 3.864%) <br> 7.526% 3/25/2050 <sup>(a)(h)(i)</sup>  | 7757 | 7890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2023-01, Class M7, (30-day Average USD-SOFR + 4.00%) <br> 7.662% 11/25/2053 <sup>(a)(h)(i)</sup>  | 8358 | 8593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2023-01, Class M10, (30-day Average USD-SOFR + 6.50%) <br> 10.162% 11/25/2053 <sup>(a)(h)(i)</sup>  | 25780 | 29634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2024-01, Class M7, (30-day Average USD-SOFR + 2.75%) <br> 6.412% 7/25/2054 <sup>(a)(h)(i)</sup>  | 5568 | 5640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2025-01, Class M1, (30-day Average USD-SOFR + 2.40%) <br> 6.062% 5/25/2055 <sup>(a)(h)(i)</sup>  | 11578 | 11774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2025-01, Class M2, (30-day Average USD-SOFR + 3.10%) <br> 6.762% 5/25/2055 <sup>(a)(h)(i)</sup>  | 12046 | 12089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Structured Credit Risk, Series 2021-MN1, Class M2, (30-day Average USD-SOFR + 3.75%) 7.412% <br> 1/25/2051 <sup>(a)(h)(i)</sup>  | 2640 | 2744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Structured Credit Risk, Series 2021-MN3, Class M2, (30-day Average USD-SOFR + 4.00%) 7.662% <br> 11/25/2051 <sup>(a)(h)(i)</sup>  | 3500 | 3629 |
| NY Commercial Mortgage Trust, Series 2025-299P, Class A, 5.853% 2/10/2047 <sup>(a)(h)(i)</sup>  | 2519 | 2615 |

---

American Funds Multi-Sector Income Fund — Page 32 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Commercial mortgage-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| NY Commercial Mortgage Trust, Series 2025-299P, Class B, 6.125% 2/10/2047 <sup>(a)(h)(i)</sup>  | USD2,383 | $2450 |
| NY Commercial Mortgage Trust, Series 2025-299P, Class C, 6.378% 2/10/2047 <sup>(a)(h)(i)</sup>  | 2756 | 2814 |
| NYC Commercial Mortgage Trust, Series 2025-28L, Class A, 4.824% 11/5/2038 <sup>(a)(h)(i)</sup>  | 8095 | 8066 |
| NYC Commercial Mortgage Trust, Series 2025-28L, Class B, 5.174% 11/5/2038 <sup>(a)(h)(i)</sup>  | 7445 | 7444 |
| NYC Commercial Mortgage Trust, Series 2025-28L, Class D, 6.42% 11/5/2038 <sup>(a)(h)(i)</sup>  | 17168 | 17153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NYC Commercial Mortgage Trust, Series 2025-3BP, Class C, (1-month USD CME Term SOFR + 1.892%) 5.565% <br> 2/15/2042 <sup>(a)(h)(i)</sup>  | 6755 | 6739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NYC Commercial Mortgage Trust, Series 2025-3BP, Class D, (1-month USD CME Term SOFR + 2.4413%) 6.114% <br> 2/15/2042 <sup>(a)(h)(i)</sup>  | 5297 | 5293 |
| One Market Plaza Trust, Series 2017-1MKT, Class A, 3.614% 2/10/2032 <sup>(a)(h)</sup>  | 3445 | 3320 |
| One Market Plaza Trust, Series 2017-1MKT, Class C, 4.016% 2/10/2032 <sup>(a)(h)</sup>  | 3000 | 2833 |
| ROCC Trust, Series 2024-CNTR, Class A, 5.388% 11/13/2041 <sup>(a)(h)</sup>  | 434 | 442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCG Hotel Issuer, Inc., Series 2025-SNIP, Class A, (1-month USD CME Term SOFR + 1.50%) 5.173% <br>9/15/2042 <sup>(a)(h)(i)</sup>  | 17826 | 17852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SDR Commercial Mortgage Trust, Series 2024-DSNY, Class B, (1-month USD CME Term SOFR + 1.741%) 5.414% <br> 5/15/2039 <sup>(a)(h)(i)</sup>  | 5875 | 5873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SFO Commerical Mortgage Trust, Series 2021-555, Class A, (1-month USD CME Term SOFR + 1.264%) 4.937% <br> 5/15/2038 (1-month USD CME Term SOFR + 1.514% on 5/15/2026) <sup>(a)(b)(h)</sup>  | 23809 | 23785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SFO Commerical Mortgage Trust, Series 2021-555, Class B, (1-month USD CME Term SOFR + 1.614%) 5.287% <br> 5/15/2038 <sup>(a)(h)(i)</sup>  | 1774 | 1771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SFO Commercial Mortgage Trust, Series 2021-555, Class C, (1-month USD CME Term SOFR + 1.914%) 5.587% <br> 5/15/2038 <sup>(a)(h)(i)</sup>  | 2905 | 2890 |
| SHR Trust, Series 2024-LXRY, Class D, (1-month USD CME Term SOFR + 3.60%) 7.273% 10/15/2041 <sup>(a)(h)(i)</sup>  | 5518 | 5519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; StorageMart Commercial Mortgage Trust, Series 2022-MINI, Class D, (1-month USD CME Term SOFR + 1.95%) <br> 5.623% 1/15/2039 <sup>(a)(h)(i)</sup>  | 15398 | 15356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; StorageMart Commercial Mortgage Trust, Series 2022-MINI, Class E, (1-month USD CME Term SOFR + 2.70%) <br> 6.373% 1/15/2039 <sup>(a)(h)(i)</sup>  | 10693 | 10659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SWCH Commercial Mortgage Trust, Series 2025-DATA, Class D, (1-month USD CME Term SOFR + 2.591%) <br> 6.314% 2/15/2042 <sup>(a)(h)(i)</sup>  | 8505 | 8386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SWCH Commercial Mortgage Trust, Series 2025-DATA, Class E, (1-month USD CME Term SOFR + 3.29%) 7.013% <br> 2/15/2042 <sup>(a)(h)(i)</sup>  | 7000 | 6897 |
| UBS Commercial Mortgage Trust, Series 2017-C3, Class C, 4.496% 8/15/2050 <sup>(h)(i)</sup>  | 3065 | 2893 |
| Wells Fargo Commercial Mortgage Trust, Series 2025-1918, Class A, 5.761% 9/15/2040 <sup>(a)(h)(i)</sup>  | 5526 | 5503 |
| Wells Fargo Commercial Mortgage Trust, Series 2016-C35, Class C, 4.176% 7/15/2048 <sup>(h)(i)</sup>  | 6158 | 6096 |
| Wells Fargo Commercial Mortgage Trust, Series 2017-C40, Class C, 4.436% 10/15/2050 <sup>(h)(i)</sup>  | 4914 | 4591 |
| Wells Fargo Commercial Mortgage Trust, Series 2018-C46, Class B, 4.633% 8/15/2051 <sup>(h)</sup>  | 2808 | 2699 |
| Wells Fargo Commercial Mortgage Trust, Series 2019-C54, Class C, 3.81% 12/15/2052 <sup>(h)</sup>  | 1935 | 1685 |
| Wells Fargo Commercial Mortgage Trust, Series 2024-5C1, Class B, 6.821% 7/15/2057 <sup>(h)(i)</sup>  | 9535 | 9884 |
| Wells Fargo Commercial Mortgage Trust, Series 2024-5C2, Class B, 6.534% 11/15/2057 <sup>(h)(i)</sup>  | 1448 | 1485 |
| Wells Fargo Commercial Mortgage Trust, Series 2025-5C4, Class B, 6.394% 5/15/2058 <sup>(h)(i)</sup>  | 1722 | 1779 |
| Wells Fargo Commercial Mortgage Trust, Series 2025-5C5, Class B, 6.219% 7/15/2058 <sup>(h)(i)</sup>  | 3084 | 3172 |
| Wells Fargo Commercial Mortgage Trust, Series 2015-LC22, Class C, 4.88% 9/15/2058 <sup>(h)(i)</sup>  | 21 | 20 |
| Wells Fargo Commercial Mortgage Trust, Series 2016-NXS5, Class B, 4.949% 1/15/2059 <sup>(h)(i)</sup>  | 3328 | 3235 |
| WF-RBS Commercial Mortgage Trust, Series 2014-C22, Class AS, 4.069% 9/15/2057 <sup>(h)(i)</sup>  | 2928 | 2799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WMRK Commercial Mortgage Trust, Series 2022-WMRK, Class A, (1-month USD CME Term SOFR + 2.789%) <br> 6.462% 11/15/2027 <sup>(a)(h)(i)</sup>  | 12892 | 12922 |
| WSTN Trust, Series 2023-MAUI, Class B, 7.263% 7/5/2037 <sup>(a)(h)(i)</sup>  | 10053 | 10148 |
| WSTN Trust, Series 2023-MAUI, Class C, 7.958% 7/5/2037 <sup>(a)(h)(i)</sup>  | 4452 | 4491 |
| WSTN Trust, Series 2023-MAUI, Class D, 8.748% 7/5/2037 <sup>(a)(h)(i)</sup>  | 11453 | 11466 |
|  |  | 1718528 |

---

American Funds Multi-Sector Income Fund — Page 33 of 59

------

**unaudited**

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations 1.84%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Fannie Mae Pool #MA5139 6.00% 9/1/2053 <sup>(h)</sup>  | USD5,042 | $5155 |
| Fannie Mae Pool #DA5054 6.00% 11/1/2053 <sup>(h)</sup>  | 2294 | 2349 |
| Fannie Mae Pool #MA5354 6.00% 5/1/2054 <sup>(h)</sup>  | 19352 | 19760 |
| Fannie Mae Pool #FS8600 6.00% 7/1/2054 <sup>(h)</sup>  | 11654 | 11976 |
| Fannie Mae Pool #DB6905 6.00% 7/1/2054 <sup>(h)</sup>  | 5910 | 6036 |
| Fannie Mae Pool #BU4791 6.00% 7/1/2054 <sup>(h)</sup>  | 1642 | 1676 |
| Fannie Mae Pool #MA5421 6.00% 7/1/2054 <sup>(h)</sup>  | 1240 | 1265 |
| Fannie Mae Pool #BU4711 6.00% 7/1/2054 <sup>(h)</sup>  | 790 | 806 |
| Fannie Mae Pool #DB6901 6.00% 7/1/2054 <sup>(h)</sup>  | 268 | 274 |
| Fannie Mae Pool #DB8073 6.00% 7/1/2054 <sup>(h)</sup>  | 186 | 190 |
| Fannie Mae Pool #DB4465 6.00% 8/1/2054 <sup>(h)</sup>  | 1261 | 1287 |
| Fannie Mae Pool #DC0901 6.00% 8/1/2054 <sup>(h)</sup>  | 884 | 905 |
| Fannie Mae Pool #MA5445 6.00% 8/1/2054 <sup>(h)</sup>  | 740 | 755 |
| Fannie Mae Pool #DB4440 6.00% 8/1/2054 <sup>(h)</sup>  | 366 | 373 |
| Fannie Mae Pool #DC3465 6.00% 9/1/2054 <sup>(h)</sup>  | 1570 | 1601 |
| Fannie Mae Pool #DC0503 6.00% 9/1/2054 <sup>(h)</sup>  | 683 | 697 |
| Fannie Mae Pool #DC4916 6.00% 10/1/2054 <sup>(h)</sup>  | 1576 | 1608 |
| Fannie Mae Pool #DC3877 6.00% 10/1/2054 <sup>(h)</sup>  | 877 | 895 |
| Fannie Mae Pool #MA5531 5.50% 11/1/2054 <sup>(h)</sup>  | 6132 | 6167 |
| Fannie Mae Pool #DC6437 6.00% 11/1/2054 <sup>(h)</sup>  | 923 | 941 |
| Fannie Mae Pool #MA5532 6.00% 11/1/2054 <sup>(h)</sup>  | 791 | 808 |
| Fannie Mae Pool #DC6459 6.00% 11/1/2054 <sup>(h)</sup>  | 772 | 787 |
| Fannie Mae Pool #DC7035 6.00% 12/1/2054 <sup>(h)</sup>  | 8290 | 8456 |
| Fannie Mae Pool #DC7823 6.00% 12/1/2054 <sup>(h)</sup>  | 3578 | 3650 |
| Fannie Mae Pool #DC7023 6.00% 12/1/2054 <sup>(h)</sup>  | 873 | 891 |
| Fannie Mae Pool #DC8866 6.00% 12/1/2054 <sup>(h)</sup>  | 804 | 820 |
| Fannie Mae Pool #MA5554 6.00% 12/1/2054 <sup>(h)</sup>  | 796 | 812 |
| Fannie Mae Pool #FA0287 6.00% 12/1/2054 <sup>(h)</sup>  | 748 | 763 |
| Fannie Mae Pool #DC8604 6.00% 1/1/2055 <sup>(h)</sup>  | 1667 | 1700 |
| Fannie Mae Pool #DC9957 6.00% 1/1/2055 <sup>(h)</sup>  | 1482 | 1512 |
| Fannie Mae Pool #BU5374 6.00% 1/1/2055 <sup>(h)</sup>  | 495 | 507 |
| Fannie Mae Pool #DC9987 6.00% 1/1/2055 <sup>(h)</sup>  | 186 | 190 |
| Fannie Mae Pool #MA5615 6.00% 2/1/2055 <sup>(h)</sup>  | 4379 | 4467 |
| Fannie Mae Pool #DD1766 6.00% 2/1/2055 <sup>(h)</sup>  | 2581 | 2633 |
| Fannie Mae Pool #DD4308 6.00% 2/1/2055 <sup>(h)</sup>  | 803 | 820 |
| Fannie Mae Pool #DD0756 6.00% 2/1/2055 <sup>(h)</sup>  | 760 | 777 |
| Fannie Mae Pool #DC4824 6.00% 2/1/2055 <sup>(h)</sup>  | 185 | 189 |
| Fannie Mae Pool #MA5647 6.00% 3/1/2055 <sup>(h)</sup>  | 1421 | 1449 |
| Fannie Mae Pool #DD5558 6.00% 3/1/2055 <sup>(h)</sup>  | 938 | 957 |
| Fannie Mae Pool #DD6396 6.00% 3/1/2055 <sup>(h)</sup>  | 835 | 858 |
| Fannie Mae Pool #DD4905 6.00% 3/1/2055 <sup>(h)</sup>  | 277 | 283 |
| Fannie Mae Pool #DD4459 6.00% 4/1/2055 <sup>(h)</sup>  | 4876 | 4975 |
| Fannie Mae Pool #DD9296 6.00% 4/1/2055 <sup>(h)</sup>  | 1983 | 2023 |
| Fannie Mae Pool #FA1162 6.00% 4/1/2055 <sup>(h)</sup>  | 1557 | 1588 |
| Fannie Mae Pool #DD7200 6.00% 4/1/2055 <sup>(h)</sup>  | 1012 | 1033 |
| Fannie Mae Pool #DD6390 6.00% 4/1/2055 <sup>(h)</sup>  | 864 | 882 |
| Fannie Mae Pool #DD8109 6.00% 4/1/2055 <sup>(h)</sup>  | 759 | 775 |
| Fannie Mae Pool #DD5311 6.00% 4/1/2055 <sup>(h)</sup>  | 529 | 540 |
| Fannie Mae Pool #DC4756 6.00% 4/1/2055 <sup>(h)</sup>  | 34 | 34 |
| Fannie Mae Pool #MA5701 6.00% 5/1/2055 <sup>(h)</sup>  | 18677 | 19049 |
| Fannie Mae Pool #DD9841 6.00% 5/1/2055 <sup>(h)</sup>  | 988 | 1008 |
| Fannie Mae Pool #DD9268 6.00% 5/1/2055 <sup>(h)</sup>  | 927 | 946 |
| Fannie Mae Pool #DC4816 6.00% 5/1/2055 <sup>(h)</sup>  | 908 | 933 |
| Fannie Mae Pool #DD9150 6.00% 5/1/2055 <sup>(h)</sup>  | 718 | 732 |

---

American Funds Multi-Sector Income Fund — Page 34 of 59

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**unaudited**

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Fannie Mae Pool #DE1532 6.00% 6/1/2055 <sup>(h)</sup>  | USD2,702 | $2756 |
| Fannie Mae Pool #DC3397 6.00% 6/1/2055 <sup>(h)</sup>  | 1091 | 1113 |
| Fannie Mae Pool #DD9888 6.00% 6/1/2055 <sup>(h)</sup>  | 990 | 1010 |
| Fannie Mae Pool #DE2033 6.00% 6/1/2055 <sup>(h)</sup>  | 830 | 847 |
| Fannie Mae Pool #DD6111 6.00% 6/1/2055 <sup>(h)</sup>  | 100 | 101 |
| Fannie Mae Pool #DE5117 6.00% 7/1/2055 <sup>(h)</sup>  | 866 | 884 |
| Fannie Mae Pool #DE4980 6.00% 7/1/2055 <sup>(h)</sup>  | 553 | 565 |
| Fannie Mae Pool #MA5792 5.50% 8/1/2055 <sup>(h)</sup>  | 8616 | 8664 |
| Fannie Mae Pool #MA5822 5.50% 9/1/2055 <sup>(h)</sup>  | 22178 | 22297 |
| FARM Mortgage Trust, Series 2024-1, Class B, 5.084% 10/1/2053 <sup>(a)(h)(i)</sup>  | 4043 | 3535 |
| Farmer Mac Agricultural Real Estate Trust, Series 2024-2, Class B, 5.591% 8/1/2054 <sup>(a)(h)(i)</sup>  | 2891 | 2545 |
| Farmer Mac Agricultural Real Estate Trust, Series 2025-1, Class A1, 5.22% 8/1/2055 <sup>(a)(h)(i)</sup>  | 27706 | 27936 |
| Freddie Mac Pool #SD8368 6.00% 10/1/2053 <sup>(h)</sup>  | 18068 | 18513 |
| Freddie Mac Pool #SD8402 6.00% 2/1/2054 <sup>(h)</sup>  | 11487 | 11733 |
| Freddie Mac Pool #SD8432 6.00% 5/1/2054 <sup>(h)</sup>  | 6374 | 6502 |
| Freddie Mac Pool #QJ0957 6.00% 7/1/2054 <sup>(h)</sup>  | 853 | 870 |
| Freddie Mac Pool #SD6143 6.00% 7/1/2054 <sup>(h)</sup>  | 125 | 127 |
| Freddie Mac Pool #QJ1163 6.00% 8/1/2054 <sup>(h)</sup>  | 115 | 117 |
| Freddie Mac Pool #QJ3734 6.00% 9/1/2054 <sup>(h)</sup>  | 1543 | 1575 |
| Freddie Mac Pool #QJ3870 6.00% 9/1/2054 <sup>(h)</sup>  | 1479 | 1509 |
| Freddie Mac Pool #QJ4536 6.00% 9/1/2054 <sup>(h)</sup>  | 1073 | 1095 |
| Freddie Mac Pool #QJ3725 6.00% 9/1/2054 <sup>(h)</sup>  | 867 | 885 |
| Freddie Mac Pool #QJ3295 6.00% 9/1/2054 <sup>(h)</sup>  | 298 | 305 |
| Freddie Mac Pool #SL1418 6.00% 10/1/2054 <sup>(h)</sup>  | 1573 | 1606 |
| Freddie Mac Pool #QJ7053 6.00% 10/1/2054 <sup>(h)</sup>  | 827 | 843 |
| Freddie Mac Pool #QJ6718 6.00% 10/1/2054 <sup>(h)</sup>  | 725 | 740 |
| Freddie Mac Pool #RJ3596 6.00% 11/1/2054 <sup>(h)</sup>  | 3192 | 3258 |
| Freddie Mac Pool #QJ9527 6.00% 11/1/2054 <sup>(h)</sup>  | 733 | 748 |
| Freddie Mac Pool #RJ3446 6.00% 11/1/2054 <sup>(h)</sup>  | 321 | 327 |
| Freddie Mac Pool #QJ7363 6.00% 11/1/2054 <sup>(h)</sup>  | 99 | 101 |
| Freddie Mac Pool #QX2195 6.00% 12/1/2054 <sup>(h)</sup>  | 1655 | 1690 |
| Freddie Mac Pool #SD8495 6.00% 12/1/2054 <sup>(h)</sup>  | 206 | 210 |
| Freddie Mac Pool #SD8496 6.00% 1/1/2055 <sup>(h)</sup>  | 16934 | 17272 |
| Freddie Mac Pool #QX7531 6.00% 1/1/2055 <sup>(h)</sup>  | 4452 | 4543 |
| Freddie Mac Pool #QX3576 6.00% 1/1/2055 <sup>(h)</sup>  | 2700 | 2755 |
| Freddie Mac Pool #QX3614 6.00% 1/1/2055 <sup>(h)</sup>  | 1427 | 1455 |
| Freddie Mac Pool #SD8506 5.50% 2/1/2055 <sup>(h)</sup>  | 3493 | 3513 |
| Freddie Mac Pool #QX5767 6.00% 2/1/2055 <sup>(h)</sup>  | 3231 | 3296 |
| Freddie Mac Pool #SD8507 6.00% 2/1/2055 <sup>(h)</sup>  | 802 | 818 |
| Freddie Mac Pool #QX8448 6.00% 2/1/2055 <sup>(h)</sup>  | 368 | 376 |
| Freddie Mac Pool #SL0924 6.00% 3/1/2055 <sup>(h)</sup>  | 10438 | 10650 |
| Freddie Mac Pool #QX9674 6.00% 3/1/2055 <sup>(h)</sup>  | 993 | 1013 |
| Freddie Mac Pool #QY0388 6.00% 4/1/2055 <sup>(h)</sup>  | 6555 | 6688 |
| Freddie Mac Pool #RJ4422 6.00% 4/1/2055 <sup>(h)</sup>  | 1715 | 1750 |
| Freddie Mac Pool #QY0266 6.00% 4/1/2055 <sup>(h)</sup>  | 1649 | 1682 |
| Freddie Mac Pool #QY0860 6.00% 4/1/2055 <sup>(h)</sup>  | 1487 | 1517 |
| Freddie Mac Pool #QY1233 6.00% 4/1/2055 <sup>(h)</sup>  | 911 | 929 |
| Freddie Mac Pool #SL1413 6.00% 4/1/2055 <sup>(h)</sup>  | 828 | 844 |
| Freddie Mac Pool #QY0236 6.00% 4/1/2055 <sup>(h)</sup>  | 775 | 790 |
| Freddie Mac Pool #QX9257 6.00% 4/1/2055 <sup>(h)</sup>  | 553 | 564 |
| Freddie Mac Pool #QY3669 6.00% 4/1/2055 <sup>(h)</sup>  | 522 | 533 |
| Freddie Mac Pool #QY0962 6.00% 4/1/2055 <sup>(h)</sup>  | 264 | 269 |
| Freddie Mac Pool #QY3388 6.00% 4/1/2055 <sup>(h)</sup>  | 173 | 176 |
| Freddie Mac Pool #RQ0022 5.50% 5/1/2055 <sup>(h)</sup>  | 1578 | 1587 |

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American Funds Multi-Sector Income Fund — Page 35 of 59

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**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Freddie Mac Pool #QY2321 5.50% 5/1/2055 <sup>(h)</sup>  | USD85 | $85 |
| Freddie Mac Pool #QY1975 6.00% 5/1/2055 <sup>(h)</sup>  | 1759 | 1802 |
| Freddie Mac Pool #QY2761 6.00% 5/1/2055 <sup>(h)</sup>  | 991 | 1011 |
| Freddie Mac Pool #QY3449 6.00% 5/1/2055 <sup>(h)</sup>  | 834 | 851 |
| Freddie Mac Pool #QY3770 6.00% 5/1/2055 <sup>(h)</sup>  | 810 | 832 |
| Freddie Mac Pool #QY3446 6.00% 5/1/2055 <sup>(h)</sup>  | 799 | 815 |
| Freddie Mac Pool #QY5512 6.00% 5/1/2055 <sup>(h)</sup>  | 714 | 729 |
| Freddie Mac Pool #QY6303 6.00% 6/1/2055 <sup>(h)</sup>  | 11511 | 11740 |
| Freddie Mac Pool #QY6174 6.00% 6/1/2055 <sup>(h)</sup>  | 793 | 810 |
| Freddie Mac Pool #RQ0027 5.50% 7/1/2055 <sup>(h)</sup>  | 20485 | 20600 |
| Freddie Mac Pool #RQ0028 6.00% 7/1/2055 <sup>(h)</sup>  | 11939 | 12177 |
| Freddie Mac Pool #QY7786 6.00% 7/1/2055 <sup>(h)</sup>  | 9950 | 10150 |
| Freddie Mac Pool #QY8509 6.00% 7/1/2055 <sup>(h)</sup>  | 9204 | 9391 |
| Freddie Mac Pool #RQ0049 5.50% 9/1/2055 <sup>(h)</sup>  | 1131 | 1137 |
|  |  | 392720 |
| **Collateralized mortgage-backed obligations (privately originated) 1.72%** |  |  |
| BINOM Securitization Trust, Series 2022-RPL1, Class A1, 3.00% 2/25/2061 <sup>(a)(h)(i)</sup>  | 771 | 719 |
| BRAVO Residential Funding Trust, Series 2020-RPL2, Class A1, 2.00% 5/25/2059 <sup>(a)(h)(i)</sup>  | 107 | 101 |
| BRAVO Residential Funding Trust, Series 2022-RPL1, Class A1, 2.75% 9/25/2061 <sup>(a)(h)</sup>  | 1180 | 1080 |
| Cascade Funding Mortgage Trust, Series 2023-HB12, Class M1, 4.25% 4/25/2033 <sup>(a)(h)(i)</sup>  | 6514 | 6472 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class M3, 4.00% 8/25/2034 <sup>(a)(h)(i)</sup>  | 1964 | 1902 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class M2, 4.00% 8/25/2034 <sup>(a)(h)(i)</sup>  | 1289 | 1259 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class M1, 4.00% 8/25/2034 <sup>(a)(h)(i)</sup>  | 1103 | 1083 |
| Cascade Funding Mortgage Trust, Series 2024-RM5, Class A, 4.00% 10/25/2054 <sup>(a)(h)(i)</sup>  | 8132 | 7948 |
| Cascade MH Asset Trust, Series 2022-MH1, Class A, 4.25% 8/25/2054 (5.25% on 11/25/2027) <sup>(a)(b)(h)</sup>  | 12210 | 11968 |
| CFCRE Commercial Mortgage Trust, Series 2016-C7, Class A2, 3.585% 12/10/2054 <sup>(h)</sup>  | 176 | 175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2019-R07, Class 1B1, (30-day Average USD-SOFR + 1.10%) 7.176% <br> 10/25/2039 <sup>(a)(h)(i)</sup>  | 16097 | 16266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2020-R01, Class 1B1, (30-day Average USD-SOFR + 3.364%) 7.026% <br> 1/25/2040 <sup>(a)(h)(i)</sup>  | 4700 | 4766 |
| Finance of America Structured Securities Trust, Series 2025-PC1, Class A1, 4.50% 5/25/2075 <sup>(a)(h)</sup>  | 12681 | 12124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA5, Class M1A, (30-day Average <br> USD-SOFR + 2.95%) 6.612% 6/25/2042 <sup>(a)(h)(i)</sup>  | 5758 | 5845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-HQA1, Class B2, (30-day Average <br> USD-SOFR + 5.214%) 8.876% 1/25/2050 <sup>(a)(h)(i)</sup>  | 3920 | 4337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA1, Class B2, (30-day Average <br> USD-SOFR + 5.364%) 9.026% 1/25/2050 <sup>(a)(h)(i)</sup>  | 8700 | 9675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA2, Class B2, (30-day Average <br> USD-SOFR + 4.914%) 8.576% 2/25/2050 <sup>(a)(h)(i)</sup>  | 15621 | 17177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-HQA2, Class B2, (30-day Average <br> USD-SOFR + 7.714%) 11.376% 3/25/2050 <sup>(a)(h)(i)</sup>  | 3580 | 4300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA3, Class B2, (30-day Average <br> USD-SOFR + 9.464%) 13.126% 6/25/2050 <sup>(a)(h)(i)</sup>  | 13460 | 17319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-HQA3, Class B2, (30-day Average <br> USD-SOFR + 10.114%) 13.776% 7/25/2050 <sup>(a)(h)(i)</sup>  | 4000 | 5265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA4, Class B2, (30-day Average <br> USD-SOFR + 10.114%) 13.776% 8/25/2050 <sup>(a)(h)(i)</sup>  | 26185 | 34628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-HQA4, Class B2, (30-day Average <br> USD-SOFR + 9.514%) 13.176% 9/25/2050 <sup>(a)(h)(i)</sup>  | 2916 | 3797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA5, Class B2, (30-day Average <br> USD-SOFR + 11.50%) 15.179% 10/25/2050 <sup>(a)(h)(i)</sup>  | 30793 | 42354 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA6, Class B2, (30-day Average <br> USD-SOFR + 5.65%) 9.312% 12/25/2050 <sup>(a)(h)(i)</sup>  | 13800 | 16085 |

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American Funds Multi-Sector Income Fund — Page 36 of 59

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---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Collateralized mortgage-backed obligations (privately originated) (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| GS Mortgage-Backed Securities Trust, Series 2025-RPL3, Class A1, 4.10% 7/25/2065 (5.10% on 6/1/2029) <sup>(a)(b)(h)</sup>  | USD11,443 | $11123 |
| IRV Trust, Series 2025-200P, Class A, 5.295% 3/14/2047 <sup>(a)(h)(i)</sup>  | 29458 | 29743 |
| IRV Trust, Series 2025-200P, Class B, 5.44% 3/14/2047 <sup>(a)(h)(i)</sup>  | 17420 | 17358 |
| IRV Trust, Series 2025-200P, Class C, 5.73% 3/14/2047 <sup>(a)(h)(i)</sup>  | 13577 | 13482 |
| Legacy Mortgage Asset Trust, Series 2021-GS2, Class A1, 5.75% 4/25/2061 <sup>(a)(h)</sup>  | 579 | 580 |
| Legacy Mortgage Asset Trust, Series 2021-GS5, Class A1, 6.25% 7/25/2067 <sup>(a)(h)</sup>  | 1708 | 1711 |
| New Residential Mortgage Loan Trust, Series 2018-1A, Class A1A, 4.00% 12/25/2057 <sup>(a)(h)(i)</sup>  | 27 | 27 |
| NRZ Excess Spread Collateralized Notes, Series 2025-FHT1, Class A, 6.545% 3/25/2032 <sup>(a)(b)(h)</sup>  | 19293 | 19392 |
| Progress Residential Trust, Series 2025-SFR1, Class D, 3.65% 2/17/2042 <sup>(a)(h)</sup>  | 8706 | 8166 |
| Sequoia Mortgage Trust, Series 2025-HYB1, Class A1A, 5.034% 10/25/2055 <sup>(a)(h)(i)</sup>  | 12446 | 12448 |
| Towd Point Mortgage Trust, Series 2017-2, Class B2, 4.141% 4/25/2057 <sup>(a)(h)(i)</sup>  | 2400 | 2246 |
| Towd Point Mortgage Trust, Series 2019-4, Class M1B, 3.00% 10/25/2059 <sup>(a)(h)(i)</sup>  | 3000 | 2557 |
| Treehouse Park Improvement Association No.1 9.75% 12/1/2033 <sup>(a)(e)(f)</sup>  | 18026 | 17305 |
| Tricon Residential Trust, Series 2023-SFR1, Class E, 7.977% 7/17/2040 <sup>(a)(h)</sup>  | 1087 | 1092 |
| Verus Securitization Trust, Series 2024-1, Class B1, 7.909% 1/25/2069 <sup>(a)(h)(i)</sup>  | 2260 | 2284 |
|  |  | 366159 |
| **Total mortgage-backed obligations** |  | 2477407 |
| **Bonds & notes of governments & government agencies outside the U.S. 5.96%**<br> **Mexico 0.89%**<br>|  |  |
| Eagle Funding LuxCo SARL 5.50% 8/17/2030 <sup>(a)</sup> <br>| 53035 | 53380 |
| United Mexican States 3.75% 1/11/2028  | 10577 | 10439 |
| United Mexican States 4.50% 4/22/2029  | 14220 | 14131 |
| United Mexican States 4.75% 4/27/2032  | 20425 | 19648 |
| United Mexican States 5.85% 7/2/2032  | 3258 | 3274 |
| United Mexican States 5.375% 3/22/2033  | 6905 | 6767 |
| United Mexican States 6.35% 2/9/2035  | 3500 | 3584 |
| United Mexican States 5.625% 9/22/2035  | 5943 | 5759 |
| United Mexican States 6.00% 5/7/2036  | 9400 | 9361 |
| United Mexican States 6.875% 5/13/2037  | 14035 | 14737 |
| United Mexican States 6.625% 1/29/2038  | 13800 | 14097 |
| United Mexican States 6.125% 2/9/2038  | 4269 | 4165 |
| United Mexican States 6.05% 1/11/2040  | 13164 | 12804 |
| United Mexican States 4.75% 3/8/2044  | 200 | 161 |
| United Mexican States 5.00% 4/27/2051  | 1200 | 941 |
| United Mexican States 6.338% 5/4/2053  | 6670 | 6220 |
| United Mexican States 7.375% 5/13/2055  | 7385 | 7777 |
| United Mexican States 3.75% 4/19/2071  | 3250 | 1884 |
|  |  | 189129 |
| **Colombia 0.63%** |  |  |
| Colombia (Republic of) 5.375% 1/21/2029  | 30825 | 30578 |
| Colombia (Republic of) 4.50% 3/15/2029  | 5216 | 5052 |
| Colombia (Republic of) 3.00% 1/30/2030  | 17698 | 15899 |
| Colombia (Republic of) 6.125% 1/21/2031  | 12215 | 12032 |
| Colombia (Republic of) 3.25% 4/22/2032  | 10375 | 8671 |
| Colombia (Republic of) 8.00% 4/20/2033  | 22925 | 24177 |
| Colombia (Republic of) 7.50% 2/2/2034  | 11059 | 11331 |
| Colombia (Republic of) 8.00% 11/14/2035  | 5404 | 5669 |
| Colombia (Republic of) 7.75% 11/7/2036  | 13348 | 13668 |
| Colombia (Republic of) 5.00% 6/15/2045  | 10784 | 7766 |
|  |  | 134843 |

---

American Funds Multi-Sector Income Fund — Page 37 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Bonds & notes of governments & government agencies outside the U.S. (continued)**<br> **Egypt 0.32%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Egypt (Arab Republic of) 5.80% 9/30/2027  | USD2,920 | $2887 |
| Egypt (Arab Republic of) 7.60% 3/1/2029  | 1075 | 1103 |
| Egypt (Arab Republic of) 8.625% 2/4/2030 <sup>(a)</sup> <br>| 3580 | 3706 |
| Egypt (Arab Republic of) 5.875% 2/16/2031  | 13575 | 12524 |
| Egypt (Arab Republic of) 5.875% 2/16/2031 <sup>(a)</sup> <br>| 4380 | 4041 |
| Egypt (Arab Republic of) 7.625% 5/29/2032 <sup>(a)</sup> <br>| 2100 | 2031 |
| Egypt (Arab Republic of) 7.625% 5/29/2032  | 1500 | 1451 |
| Egypt (Arab Republic of) 9.45% 2/4/2033 <sup>(a)</sup> <br>| 4800 | 5055 |
| Egypt (Arab Republic of) 8.50% 1/31/2047  | 1805 | 1561 |
| Egypt (Arab Republic of) 7.903% 2/21/2048  | 940 | 767 |
| Egypt (Arab Republic of) 8.70% 3/1/2049  | 2810 | 2468 |
| Egypt (Arab Republic of) 8.75% 9/30/2051  | 7260 | 6384 |
| Egypt (Arab Republic of) 8.15% 11/20/2059  | 13170 | 10765 |
| Egypt (Arab Republic of) 7.50% 2/16/2061  | 17025 | 12977 |
|  |  | 67720 |
| **Peru 0.30%** |  |  |
| Peru (Republic of) 2.783% 1/23/2031  | 1200 | 1096 |
| Peru (Republic of) 8.75% 11/21/2033  | 2000 | 2422 |
| Peru (Republic of) 3.00% 1/15/2034  | 16830 | 14396 |
| Peru (Republic of) 5.50% 3/30/2036  | 17377 | 17340 |
| Peru (Republic of) 6.55% 3/14/2037  | 9195 | 9951 |
| Peru (Republic of) 3.55% 3/10/2051  | 1200 | 816 |
| Peru (Republic of) 5.875% 8/8/2054  | 4625 | 4470 |
| Peru (Republic of) 2.78% 12/1/2060  | 14904 | 7897 |
| Peru (Republic of) 3.60% 1/15/2072  | 8000 | 4949 |
|  |  | 63337 |
| **Turkey 0.28%** |  |  |
| Turkey (Republic of) 7.125% 7/17/2032  | 2000 | 1992 |
| Turkey (Republic of), Series 10Y, 5.875% 6/26/2031  | 29280 | 28034 |
| Turkey (Republic of), Series 12Y, 6.50% 9/20/2033  | 11615 | 11082 |
| Turkey (Republic of), Series 30Y, 4.875% 4/16/2043  | 27295 | 19219 |
|  |  | 60327 |
| **United Arab Emirates 0.28%** |  |  |
| Abu Dhabi (Emirate of) 2.50% 9/30/2029 <sup>(a)</sup> <br>| 14520 | 13618 |
| Abu Dhabi (Emirate of) 1.70% 3/2/2031 <sup>(a)</sup> <br>| 12390 | 10867 |
| Abu Dhabi (Emirate of) 1.875% 9/15/2031  | 8520 | 7415 |
| Abu Dhabi (Emirate of) 3.875% 4/16/2050  | 21585 | 16222 |
| Abu Dhabi (Emirate of) 5.50% 4/30/2054  | 3100 | 2974 |
| Abu Dhabi Developmental Holding Co. P.J.S.C. 5.00% 5/6/2035 <sup>(a)</sup> <br>| 4000 | 3898 |
| Sharjah (Emirate of) 5.433% 4/17/2035 <sup>(a)</sup> <br>| 5455 | 5265 |
|  |  | 60259 |
| **Brazil 0.28%** |  |  |
| Brazil (Federative Republic of) 5.50% 11/6/2030  | 2000 | 2036 |
| Brazil (Federative Republic of) 6.25% 5/22/2036  | 49500 | 48535 |
| Brazil (Federative Republic of) 4.75% 1/14/2050  | 2583 | 1871 |
| Brazil (Federative Republic of) 7.25% 1/12/2056  | 6997 | 6879 |
|  |  | 59321 |

---

American Funds Multi-Sector Income Fund — Page 38 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Bonds & notes of governments & government agencies outside the U.S. (continued)**<br> **Romania 0.22%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Romania (Republic of) 5.375% 3/22/2031  | EUR17,525 | $20467 |
| Romania (Republic of) 2.00% 1/28/2032  | 7260 | 6985 |
| Romania (Republic of) 2.00% 4/14/2033  | 2635 | 2404 |
| Romania (Republic of) 6.375% 1/30/2034 <sup>(a)</sup> <br>| USD12,288 | 12245 |
| Romania (Republic of) 6.375% 1/30/2034  | 5750 | 5730 |
| Romania (Republic of) 3.50% 4/3/2034  | EUR30 | 30 |
|  |  | 47861 |
| **Republic of Angola 0.21%** |  |  |
| Angola (Republic of) 8.00% 11/26/2029  | USD17,342 | 17172 |
| Angola (Republic of) 8.75% 4/14/2032  | 25646 | 24936 |
| Angola (Republic of) 9.375% 3/31/2033 <sup>(a)</sup> <br>| 1000 | 990 |
| Angola (Republic of) 9.875% 3/31/2037 <sup>(a)</sup> <br>| 2825 | 2799 |
|  |  | 45897 |
| **Saudi Arabia 0.21%** |  |  |
| Saudi Arabia (Kingdom of) 5.00% 1/16/2034  | 7745 | 7716 |
| Saudi Arabia (Kingdom of) 5.625% 1/13/2035 <sup>(a)</sup> <br>| 5800 | 6008 |
| Saudi Arabia (Kingdom of) 4.875% 9/9/2035 <sup>(a)</sup> <br>| 4000 | 3904 |
| Saudi Arabia (Kingdom of) 5.00% 1/18/2053 <sup>(a)</sup> <br>| 10730 | 9093 |
| Saudi Arabia (Kingdom of) 5.75% 1/16/2054  | 15615 | 14760 |
| Saudi Arabia (Kingdom of) 5.875% 1/12/2056 <sup>(a)</sup> <br>| 2991 | 2867 |
|  |  | 44348 |
| **Philippines 0.18%** |  |  |
| Philippines (Republic of) 3.00% 2/1/2028  | 8035 | 7830 |
| Philippines (Republic of) 1.648% 6/10/2031  | 1200 | 1030 |
| Philippines (Republic of) 5.00% 1/27/2036  | 1217 | 1185 |
| Philippines (Republic of) 3.95% 1/20/2040  | 8905 | 7501 |
| Philippines (Republic of) 3.70% 2/2/2042  | 2500 | 1993 |
| Philippines (Republic of) 2.95% 5/5/2045  | 6287 | 4210 |
| Philippines (Republic of) 2.65% 12/10/2045  | 4700 | 2964 |
| Philippines (Republic of) 3.20% 7/6/2046  | 12763 | 8791 |
| Philippines (Republic of) 4.20% 3/29/2047  | 4000 | 3200 |
|  |  | 38704 |
| **Panama 0.17%** |  |  |
| Panama (Republic of) 3.16% 1/23/2030  | 400 | 374 |
| Panama (Republic of) 2.252% 9/29/2032  | 15775 | 12994 |
| Panama (Republic of) 6.875% 1/31/2036  | 6897 | 7348 |
| Panama (Republic of) 8.00% 3/1/2038  | 5727 | 6571 |
| Panama (Republic of) 4.50% 4/16/2050  | 7583 | 5781 |
| Panama (Republic of) 4.50% 4/1/2056  | 4688 | 3474 |
|  |  | 36542 |
| **South Africa 0.16%** |  |  |
| South Africa (Republic of) 4.30% 10/12/2028  | 10560 | 10343 |
| South Africa (Republic of) 5.875% 6/22/2030  | 4000 | 4030 |
| South Africa (Republic of) 5.875% 4/20/2032  | 6000 | 5982 |
| South Africa (Republic of) 6.125% 12/11/2037 <sup>(a)</sup> <br>| 2610 | 2425 |
| South Africa (Republic of) 6.25% 3/8/2041  | 4650 | 4147 |
| South Africa (Republic of) 5.65% 9/27/2047  | 10285 | 8057 |
|  |  | 34984 |

---

American Funds Multi-Sector Income Fund — Page 39 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Bonds & notes of governments & government agencies outside the U.S. (continued)**<br> **Poland 0.16%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Bank Gospodarstwa Krajowego 5.75% 7/9/2034  | USD2,000 | $2066 |
| Bank Gospodarstwa Krajowego 4.25% 9/13/2044  | EUR900 | 1004 |
| Bank Gospodarstwa Krajowego 6.25% 7/9/2054  | USD2,000 | 1982 |
| Poland (Republic of) 5.375% 2/12/2035  | 3500 | 3572 |
| Poland (Republic of) 5.50% 4/4/2053  | 12300 | 11425 |
| Poland (Republic of) 5.50% 3/18/2054  | 2905 | 2694 |
| Poland (Republic of), Series 10Y, 4.875% 10/4/2033  | 10360 | 10378 |
|  |  | 33121 |
| **Senegal 0.15%** |  |  |
| Senegal (Republic of) 4.75% 3/13/2028  | EUR4,903 | 3572 |
| Senegal (Republic of) 4.75% 3/13/2028  | 1000 | 728 |
| Senegal (Republic of) 6.25% 5/23/2033  | USD1,100 | 589 |
| Senegal (Republic of) 5.375% 6/8/2037  | EUR4,625 | 2719 |
| Senegal (Republic of) 6.75% 3/13/2048  | USD47,135 | 24116 |
|  |  | 31724 |
| **Hungary 0.14%** |  |  |
| Hungary (Republic of) 4.00% 7/25/2029  | EUR1,800 | 2115 |
| Hungary (Republic of) 6.25% 9/22/2032 <sup>(a)</sup> <br>| USD4,500 | 4696 |
| Hungary (Republic of) 4.50% 6/16/2034  | EUR2,905 | 3336 |
| Hungary (Republic of) 6.00% 9/26/2035  | USD3,750 | 3811 |
| Hungary (Republic of) 6.00% 9/26/2035 <sup>(a)</sup> <br>| 3145 | 3196 |
| Hungary (Republic of) 4.875% 3/25/2038  | EUR3,209 | 3657 |
| MFB Magyar Fejlesztesi Bank Zartkoruen Mukodo Reszvenytarsasag 6.50% 6/29/2028  | USD8,710 | 8884 |
|  |  | 29695 |
| **Dominican Republic 0.14%** |  |  |
| Dominican Republic 5.30% 1/21/2041 <sup>(a)</sup> <br>| 412 | 352 |
| Dominican Republic (Government of) 4.50% 1/30/2030  | 7978 | 7601 |
| Dominican Republic (Government of) 4.50% 1/30/2030 <sup>(a)</sup> <br>| 5604 | 5340 |
| Dominican Republic (Government of) 7.05% 2/3/2031 <sup>(a)</sup> <br>| 1850 | 1918 |
| Dominican Republic (Government of) 4.875% 9/23/2032  | 6775 | 6259 |
| Dominican Republic (Government of) 5.30% 1/21/2041  | 1276 | 1089 |
| Dominican Republic (Government of) 5.875% 1/30/2060  | 8072 | 6764 |
|  |  | 29323 |
| **Federal Republic of Nigeria 0.12%** |  |  |
| Nigeria (Republic of) 7.875% 2/16/2032  | 26295 | 26662 |
| **Honduras 0.11%** |  |  |
| Honduras (Republic of) 6.25% 1/19/2027  | 17163 | 17266 |
| Honduras (Republic of) 5.625% 6/24/2030  | 7353 | 7305 |
|  |  | 24571 |
| **Indonesia 0.10%** |  |  |
| Indonesia (Republic of) 6.625% 2/17/2037  | 19650 | 21391 |

---

American Funds Multi-Sector Income Fund — Page 40 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Bonds & notes of governments & government agencies outside the U.S. (continued)**<br> **Chile 0.09%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Chile (Republic of) 4.35% 4/13/2031  | USD1,670 | $1639 |
| Chile (Republic of) 2.55% 1/27/2032  | 10000 | 8870 |
| Chile (Republic of) 3.10% 5/7/2041  | 10485 | 7967 |
|  |  | 18476 |
| **Qatar 0.08%** |  |  |
| Qatar (State of) 3.75% 4/16/2030 <sup>(a)</sup> <br>| 9185 | 8919 |
| Qatar (State of) 4.817% 3/14/2049  | 3165 | 2799 |
| Qatar (State of) 4.40% 4/16/2050 <sup>(a)</sup> <br>| 7355 | 6105 |
|  |  | 17823 |
| **Argentina 0.08%** |  |  |
| Argentine Republic 0.75% 7/9/2030 (1.75% on 7/9/2027) <sup>(b)</sup> <br>| 8131 | 6818 |
| Argentine Republic 4.125% 7/9/2035 (4.75% on 7/9/2027) <sup>(b)</sup> <br>| 14022 | 10131 |
|  |  | 16949 |
| **Morocco 0.08%** |  |  |
| Morocco (Kingdom of) 5.95% 3/8/2028  | 6100 | 6208 |
| Morocco (Kingdom of) 3.875% 4/2/2029  | EUR3,250 | 3737 |
| Morocco (Kingdom of) 4.75% 4/2/2035  | 6000 | 6855 |
|  |  | 16800 |
| **Mozambique 0.07%** |  |  |
| Mozambique (Republic of) 9.00% 9/15/2031  | USD20,675 | 15546 |
| **India 0.07%** |  |  |
| Export-Import Bank of India 3.25% 1/15/2030  | 10745 | 10236 |
| Export-Import Bank of India 5.00% 1/12/2036 <sup>(a)</sup> <br>| 4000 | 3917 |
|  |  | 14153 |
| **Ecuador 0.05%** |  |  |
| Ecuador (Republic of) 8.75% 1/29/2034 <sup>(a)</sup> <br>| 11805 | 11598 |
| **Gabon 0.05%** |  |  |
| Gabonese (Republic of) 7.00% 11/24/2031 <sup>(a)</sup> <br>| 6000 | 4968 |
| Gabonese (Republic of) 7.00% 11/24/2031  | 6000 | 4968 |
|  |  | 9936 |
| **Albania 0.04%** |  |  |
| Albania (Republic of) 5.90% 6/9/2028  | EUR4,160 | 4972 |
| Albania (Republic of) 4.75% 2/14/2035  | 2635 | 2991 |
|  |  | 7963 |
| **Benin 0.04%** |  |  |
| Benin (Republic of) 7.96% 2/13/2038 <sup>(a)</sup> <br>| USD8,000 | 7864 |

---

American Funds Multi-Sector Income Fund — Page 41 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Bonds & notes of governments & government agencies outside the U.S. (continued)**<br> **Republic of Costa Rica 0.03%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Costa Rica (Republic of) 6.125% 2/19/2031  | USD4,228 | $4331 |
| Costa Rica (Republic of) 6.125% 2/19/2031 <sup>(a)</sup> <br>| 1700 | 1742 |
| Costa Rica (Republic of) 7.00% 4/4/2044  | 1200 | 1269 |
|  |  | 7342 |
| **Kazakhstan 0.03%** |  |  |
| Kazakhstan (Republic of) 5.50% 7/1/2037 <sup>(a)</sup> <br>| 3700 | 3726 |
| Kazakhstan (Republic of) 4.875% 10/14/2044  | 3200 | 2880 |
|  |  | 6606 |
| **Paraguay 0.03%** |  |  |
| Paraguay (Republic of) 2.739% 1/29/2033  | 6775 | 5967 |
| **Sri Lanka 0.03%** |  |  |
| Sri Lanka (Democratic Socialist Republic of) 4.00% 4/15/2028 <sup>(a)</sup> <br>| 754 | 721 |
| Sri Lanka (Democratic Socialist Republic of) 3.10% 1/15/2030 (3.35% on 7/15/2027) <sup>(a)(b)</sup> <br>| 806 | 742 |
| Sri Lanka (Democratic Socialist Republic of) 3.35% 3/15/2033 (3.60% on 9/15/2027) <sup>(a)(b)</sup> <br>| 1532 | 1282 |
| Sri Lanka (Democratic Socialist Republic of) 3.60% 6/15/2035 (5.10% on 12/15/2027) <sup>(a)(b)</sup> <br>| 1068 | 809 |
| Sri Lanka (Democratic Socialist Republic of) 3.60% 5/15/2036 (3.85% on 11/15/2027) <sup>(a)(b)</sup> <br>| 741 | 663 |
| Sri Lanka (Democratic Socialist Republic of) 3.60% 2/15/2038 (3.85% on 8/15/2027) <sup>(a)(b)</sup> <br>| 1433 | 1269 |
|  |  | 5486 |
| **Republic of Cote d'Ivoire 0.03%** |  |  |
| Cote d'Ivoire (Republic of) 5.25% 3/22/2030  | EUR3,000 | 3429 |
| Cote d'Ivoire (Republic of) 6.125% 6/15/2033  | USD1,000 | 945 |
| Cote d'Ivoire (Republic of) 8.075% 4/1/2036 <sup>(a)</sup> <br>| 1000 | 1019 |
|  |  | 5393 |
| **Bulgaria 0.02%** |  |  |
| Bulgaria (Republic of) 3.50% 5/7/2034  | EUR4,000 | 4545 |
| **Hashemite Kingdom of Jordan 0.02%** |  |  |
| Jordan (Hashemite Kingdom of) 5.75% 1/31/2027 <sup>(a)</sup> <br>| USD4,495 | 4483 |
| **Lithuania 0.02%** |  |  |
| Lithuania (Republic of) 4.25% 9/10/2045  | EUR3,500 | 3956 |
| **Bosnia-Herzegovina 0.02%** |  |  |
| Republika Srpska 4.75% 4/27/2026  | 835 | 963 |
| Republika Srpska 6.25% 4/2/2031  | 2205 | 2562 |
|  |  | 3525 |
| **Republic of Kenya 0.01%** |  |  |
| Kenya (Republic of) 8.00% 5/22/2032  | USD1,342 | 1294 |
| Kenya (Republic of) 9.50% 3/5/2036 <sup>(a)</sup> <br>| 1285 | 1261 |
| Kenya (Republic of) 8.25% 2/28/2048  | 200 | 174 |
|  |  | 2729 |
| **Mongolia 0.01%** |  |  |
| Mongolia (State of) 5.95% 3/9/2032 <sup>(a)</sup> <br>| 2595 | 2557 |

---

American Funds Multi-Sector Income Fund — Page 42 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Bonds & notes of governments & government agencies outside the U.S. (continued)**<br> **Macedonia 0.01%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| North Macedonia (Republic of) 4.75% 1/21/2034  | EUR2,008 | $2206 |
| **Total bonds & notes of governments & government agencies outside the U.S.** |  | 1271662 |
| **Asset-backed obligations 5.35%**<br> **Auto loan 2.06%**<br>|  |  |
| American Credit Acceptance Receivables Trust, Series 2023-1, Class E, 9.79% 12/12/2029 <sup>(a)(h)</sup> <br>| USD3,800 | 3911 |
| American Credit Acceptance Receivables Trust, Series 2022-4, Class E, 10.00% 1/14/2030 <sup>(a)(h)</sup> <br>| 7640 | 7732 |
| American Credit Acceptance Receivables Trust, Series 2023-4, Class E, 9.79% 8/12/2031 <sup>(a)(h)</sup> <br>| 9514 | 10003 |
| American Credit Acceptance Receivables Trust, Series 2023-3, Class E, 9.54% 10/14/2031 <sup>(a)(h)</sup> <br>| 9514 | 9918 |
| American Credit Acceptance Receivables Trust, Series 2024-2, Class E, 7.87% 11/12/2031 <sup>(a)(h)</sup> <br>| 4584 | 4718 |
| American Credit Acceptance Receivables Trust, Series 2024-1, Class E, 7.98% 11/12/2031 <sup>(a)(h)</sup> <br>| 7049 | 7256 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1A, Class D, 5.82% 1/15/2032 <sup>(a)(h)</sup> <br>| 1004 | 1004 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1A, Class E, 7.30% 10/15/2032 <sup>(a)(h)</sup> <br>| 2000 | 1989 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2021-1A, Class C, 2.13% 8/20/2027 <sup>(a)(h)</sup> <br>| 459 | 457 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2021-1A, Class D, 3.71% 8/20/2027 <sup>(a)(h)</sup> <br>| 6667 | 6637 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-3A, Class C, 7.05% 2/22/2028 <sup>(a)(h)</sup> <br>| 9063 | 9177 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2022-1A, Class D, 6.36% 8/21/2028 <sup>(a)(h)</sup> <br>| 12941 | 12969 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-4A, Class D, 7.31% 6/20/2029 <sup>(a)(h)</sup> <br>| 1879 | 1908 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-6A, Class D, 7.37% 12/20/2029 <sup>(a)(h)</sup> <br>| 1994 | 2027 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-8A, Class D, 7.52% 2/20/2030 <sup>(a)(h)</sup> <br>| 5007 | 5071 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2024-1A, Class D, 7.20% 6/20/2030 <sup>(a)(h)</sup> <br>| 5280 | 5299 |
| CPS Auto Receivables Trust, Series 2022-C, Class D, 6.45% 4/15/2030 <sup>(a)(h)</sup> <br>| 2408 | 2428 |
| CPS Auto Receivables Trust, Series 2022-D, Class E, 12.12% 6/17/2030 <sup>(a)(h)</sup> <br>| 8000 | 8671 |
| CPS Auto Receivables Trust, Series 2024-A, Class E, 8.42% 8/15/2031 <sup>(a)(h)</sup> <br>| 3100 | 3215 |
| CPS Auto Receivables Trust, Series 2024-C, Class E, 8.04% 3/15/2032 <sup>(a)(h)</sup> <br>| 3875 | 4001 |
| CPS Auto Receivables Trust, Series 2025-C, Class E, 6.59% 2/15/2033 <sup>(a)(h)</sup> <br>| 5371 | 5272 |
| CPS Auto Receivables Trust, Series 2026-A, Class E, 6.66% 8/15/2033 <sup>(a)(h)</sup> <br>| 5182 | 5056 |
| CPS Auto Trust, Series 2025-D, Class D, 5.45% 2/17/2032 <sup>(a)(h)</sup> <br>| 2485 | 2507 |
| Credit Acceptance Auto Loan Trust, Series 2023-1, Class C, 7.71% 7/15/2033 <sup>(a)(h)</sup> <br>| 9680 | 9827 |
| Credit Acceptance Auto Loan Trust, Series 2023-3, Class B, 7.09% 10/17/2033 <sup>(a)(h)</sup> <br>| 3795 | 3835 |
| Credit Acceptance Auto Loan Trust, Series 2023-3, Class C, 7.62% 12/15/2033 <sup>(a)(h)</sup> <br>| 4374 | 4481 |
| Credit Acceptance Auto Loan Trust, Series 2025-2A, Class C, 5.38% 3/17/2036 <sup>(a)(h)</sup> <br>| 3200 | 3222 |
| Exeter Automobile Receivables Trust, Series 2023-1A, Class E, 12.07% 9/16/2030 <sup>(a)(h)</sup> <br>| 9863 | 10827 |
| Exeter Automobile Receivables Trust, Series 2023-2A, Class E, 9.75% 11/15/2030 <sup>(a)(h)</sup> <br>| 4243 | 4558 |
| Exeter Automobile Receivables Trust, Series 2023-3A, Class E, 9.98% 1/15/2031 <sup>(a)(h)</sup> <br>| 12466 | 13342 |
| Exeter Automobile Receivables Trust, Series 2023-4A, Class E, 9.57% 2/18/2031 <sup>(a)(h)</sup> <br>| 18459 | 19701 |
| Exeter Automobile Receivables Trust, Series 2023-5A, Class E, 9.58% 6/16/2031 <sup>(a)(h)</sup> <br>| 29214 | 31391 |
| Exeter Automobile Receivables Trust, Series 2024-1, Class E, 7.89% 8/15/2031 <sup>(a)(h)</sup> <br>| 10258 | 10573 |
| Exeter Automobile Receivables Trust, Series 2025-5A, Class D, 5.16% 3/15/2032 <sup>(h)</sup> <br>| 5538 | 5502 |
| GLS Auto Receivables Trust, Series 2023-3, Class E, 9.27% 8/15/2030 <sup>(a)(h)</sup> <br>| 3100 | 3276 |
| GLS Auto Receivables Trust, Series 2023-4, Class E, 9.72% 8/15/2030 <sup>(a)(h)</sup> <br>| 6660 | 7181 |
| GLS Auto Receivables Trust, Series 2024-2, Class E, 7.98% 5/15/2031 <sup>(a)(h)</sup> <br>| 4227 | 4408 |
| Hertz Vehicle Financing III, LLC, Series 2023-1, Class 1D, 9.13% 6/25/2027 <sup>(a)(h)</sup> <br>| 1344 | 1350 |
| Hertz Vehicle Financing III, LLC, Series 2023-3, Class B, 6.53% 2/25/2028 <sup>(a)(h)</sup> <br>| 6554 | 6635 |
| Hertz Vehicle Financing III, LLC, Series 2023-3, Class C, 7.26% 2/25/2028 <sup>(a)(h)</sup> <br>| 9680 | 9802 |
| Hertz Vehicle Financing III, LLC, Series 2023-3, Class D, 9.43% 2/25/2028 <sup>(a)(h)</sup> <br>| 1000 | 1016 |
| Hertz Vehicle Financing III, LLC, Series 2022-2, Class D, 5.16% 6/26/2028 <sup>(a)(h)</sup> <br>| 9556 | 9380 |
| Hertz Vehicle Financing III, LLC, Series 2023-4, Class B, 6.73% 3/25/2030 <sup>(a)(h)</sup> <br>| 7512 | 7797 |
| Hertz Vehicle Financing III, LLC, Series 2023-4, Class C, 7.51% 3/25/2030 <sup>(a)(h)</sup> <br>| 4777 | 4981 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class C, 2.52% 12/27/2027 <sup>(a)(h)</sup> <br>| 826 | 815 |
| Hertz Vehicle Financing, LLC, Series 2021-2, Class D, 4.34% 12/27/2027 <sup>(a)(h)</sup> <br>| 32490 | 32088 |
| Hertz Vehicle Financing, LLC, Series 2024-1A, Class D, 9.22% 1/25/2029 <sup>(a)(h)</sup> <br>| 3625 | 3702 |
| Hertz Vehicle Financing, LLC, Series 2025-1A, Class C, 6.03% 9/25/2029 <sup>(a)(h)</sup> <br>| 6596 | 6629 |
| Hertz Vehicle Financing, LLC, Series 2025-1A, Class D, 7.98% 9/25/2029 <sup>(a)(h)</sup> <br>| 2828 | 2801 |

---

American Funds Multi-Sector Income Fund — Page 43 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Auto loan (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Hertz Vehicle Financing, LLC, Series 2024-2A, Class D, 9.41% 1/27/2031 <sup>(a)(h)</sup> <br>| USD1,500 | $1552 |
| Hertz Vehicle Financing, LLC, Series 2025-2A, Class C, 6.40% 9/25/2031 <sup>(a)(h)</sup> <br>| 7661 | 7779 |
| Hertz Vehicle Financing, LLC, Series 2025-2A, Class D, 8.34% 9/25/2031 <sup>(a)(h)</sup> <br>| 2621 | 2631 |
| Hertz Vehicle Financing, LLC, Series 2025-4A, Class C, 6.48% 12/25/2031 <sup>(a)(h)</sup> <br>| 2263 | 2303 |
| LAD Auto Receivables Trust, Series 2023-1, Class C, 6.18% 12/15/2027 <sup>(a)(h)</sup> <br>| 1451 | 1453 |
| Prestige Auto Receivables Trust, Series 2023-1, Class D, 6.33% 4/16/2029 <sup>(a)(h)</sup> <br>| 5026 | 5037 |
| Prestige Auto Receivables Trust, Series 2023-1A, Class E, 9.88% 5/15/2030 <sup>(a)(h)</sup> <br>| 1500 | 1483 |
| Prestige Auto Receivables Trust, Series 2023-2, Class E, 9.90% 11/15/2030 <sup>(a)(h)</sup> <br>| 10170 | 9965 |
| Prestige Auto Receivables Trust, Series 2024-1, Class E, 7.94% 4/15/2031 <sup>(a)(h)</sup> <br>| 4598 | 4597 |
| Prestige Auto Receivables Trust, Series 2024-2A, Class E, 6.75% 11/17/2031 <sup>(a)(h)</sup> <br>| 2370 | 2293 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2022-3, Class B, 6.58% 11/25/2030 <sup>(a)(h)</sup> <br>| 7717 | 7751 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-4A, Class B, 5.497% 4/25/2034 <sup>(a)(h)</sup> <br>| 20570 | 20501 |
| Santander Drive Auto Receivables Trust, Series 2025-4, Class D, 4.95% 1/15/2032 <sup>(h)</sup> <br>| 6100 | 6063 |
| Truist Bank Auto Credit-Linked Notes, Series 2025-1, Class B, 4.728% 9/26/2033 <sup>(a)(h)</sup> <br>| 5672 | 5674 |
| United Auto Credit Securitization Trust, Series 2024-1, Class D, 8.30% 11/12/2029 <sup>(a)(h)</sup> <br>| 10645 | 10793 |
| Westlake Automobile Receivables Trust, Series 2026-1A, Class D, 4.75% 7/15/2031 <sup>(a)(h)</sup> <br>| 8894 | 8812 |
|  |  | 439033 |
| **Other asset-backed securities 1.43%** |  |  |
| ACHD Trust, Series 2025-DS1, Class A, 5.978% 1/9/2034 <sup>(a)(h)</sup> <br>| 1270 | 1272 |
| ACHD Trust, Series 2025-DS1, Class B, 9.38% 1/9/2034 <sup>(a)(h)</sup> <br>| 600 | 606 |
| APL Finance, LLC, Series 2025-1A, Class A, 4.81% 3/20/2036 <sup>(a)(h)</sup> <br>| 2245 | 2246 |
| Apollo Aviation Securitization Equity Trust, Series 2025-3A, Class A, 5.243% 2/16/2050 <sup>(a)(h)</sup> <br>| 1767 | 1747 |
| Apollo Aviation Securitization Equity Trust, Series 2025-1A, Class A, 5.943% 2/16/2050 <sup>(a)(h)</sup> <br>| 4133 | 4166 |
| Apollo Aviation Securitization Equity Trust, Series 25-1A, Class A, 6.576% 2/16/2050 <sup>(a)(h)</sup> <br>| 1971 | 1986 |
| Bankers Healthcare Group Securitization Trust, Series 2020-A, Class C, 5.17% 9/17/2031 <sup>(a)(h)</sup> <br>| 224 | 224 |
| Blue Owl Asset Leasing Trust, Series 2024-1A, Class C, 6.38% 1/15/2031 <sup>(a)(h)</sup> <br>| 418 | 424 |
| Capteris Equipment Finance, Series 2026-1A, Class A2, 4.44% 9/20/2033 <sup>(a)(h)</sup> <br>| 5495 | 5492 |
| Castlelake Aircraft Securitization Trust, Series 2021-1, Class A, 2.868% 5/11/2037 <sup>(a)(h)</sup> <br>| 2014 | 1901 |
| Castlelake Aircraft Securitization Trust, Series 2025-1A, Class A, 5.783% 2/15/2050 <sup>(a)(h)</sup> <br>| 7460 | 7522 |
| Castlelake Aircraft Securitization Trust, Series 2025-3A, Class A, 5.087% 11/15/2050 <sup>(a)(h)</sup> <br>| 14390 | 14230 |
| CCG Receivables Trust, Series 2025-1, Class D, 5.28% 10/14/2032 <sup>(a)(h)</sup> <br>| 544 | 545 |
| CF Hippolyta, LLC, Series 2020-1, Class A2, 1.99% 7/15/2060 <sup>(a)(h)</sup> <br>| 302 | 248 |
| CF Hippolyta, LLC, Series 2021-1, Class A1, 1.53% 3/15/2061 <sup>(a)(h)</sup> <br>| 537 | 436 |
| CF Hippolyta, LLC, Series 2022-1A, Class A1, 5.97% 8/15/2062 <sup>(a)(h)</sup> <br>| 13726 | 13743 |
| CFG Investments, Ltd., Series 2025-1, Class A, 6.47% 3/25/2036 <sup>(a)(h)</sup> <br>| 18610 | 18802 |
| CFG Investments, Ltd., Series 2025-1, Class B, 9.16% 3/25/2036 <sup>(a)(h)</sup> <br>| 1114 | 1134 |
| CFG Investments, Ltd., Series 2025-1, Class C, 12.72% 3/25/2036 <sup>(a)(h)</sup> <br>| 450 | 466 |
| CLI Funding V, LLC, Series 2020-2A, Class B, 3.56% 9/15/2045 <sup>(a)(h)</sup> <br>| 123 | 116 |
| CLI Funding VI, LLC, Series 2020-1A, Class B, 3.62% 9/18/2045 <sup>(a)(h)</sup> <br>| 162 | 153 |
| Commercial Equipment Finance, Series 2025-1A, Class A, 4.83% 5/15/2031 <sup>(a)(h)</sup> <br>| 6031 | 6037 |
| Crockett Partners Equipment Co. II, LLC, Series 2024-1C, Class A, 6.05% 1/20/2031 <sup>(a)(h)</sup> <br>| 4431 | 4488 |
| EDvestinU Private Education Loan, LLC, Series 2021-A, Class A, 1.80% 11/25/2045 <sup>(a)(h)</sup> <br>| 72 | 68 |
| EquipmentShare, Series 2024-2M, Class B, 6.43% 12/20/2032 <sup>(a)(h)</sup> <br>| 2345 | 2363 |
| EquipmentShare, Series 2025-1M, Class A, 5.48% 9/26/2033 <sup>(a)(h)</sup> <br>| 10731 | 10733 |
| EquipmentShare, Series 2025-1M, Class B, 6.31% 9/26/2033 <sup>(a)(h)</sup> <br>| 3187 | 3188 |
| GCI Funding I, LLC, Series 2020-1, Class B, 3.81% 10/18/2045 <sup>(a)(h)</sup> <br>| 71 | 67 |
| GCI Funding I, LLC, Series 2021-1, Class B, 3.04% 6/18/2046 <sup>(a)(h)</sup> <br>| 1726 | 1553 |
| GGAM Master Trust International, Ltd., Series 2025-1A, Class A, 5.923% 9/30/2060 <sup>(a)(h)</sup> <br>| 12196 | 12191 |
| Global SC Finance SRL, Series 2021-1A, Class B, 2.76% 4/17/2041 <sup>(a)(h)</sup> <br>| 972 | 905 |
| Global SC Finance SRL, Series 2025-1H, Class A, 6.169% 9/20/2045 <sup>(a)(h)</sup> <br>| 26383 | 26315 |
| Global SC Finance SRL, Series 2025-1H, Class B, 7.848% 9/20/2045 <sup>(a)(h)</sup> <br>| 8479 | 8459 |
| Global SC Finance V SRL, Series 2019-1A, Class B, 4.81% 8/17/2039 <sup>(a)(h)</sup> <br>| 171 | 167 |
| Global SC Finance V SRL, Series 2020-1A, Class B, 3.55% 10/17/2040 <sup>(a)(h)</sup> <br>| 198 | 191 |

---

American Funds Multi-Sector Income Fund — Page 44 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Other asset-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Global SC Finance VII SRL, Series 2021-2A, Class B, 2.49% 8/17/2041 <sup>(a)(h)</sup> <br>| USD398 | $370 |
| Ledn Issuer Trust, Series 2026-1A, Class A, 6.748% 2/25/2041 <sup>(a)(h)</sup> <br>| 6923 | 6957 |
| Merit DAC, Series 2026-1A, Class A, 4.852% 2/15/2040 <sup>(a)(h)</sup> <br>| 11186 | 11041 |
| MMP Capital, Series 2025-A, Class B, 5.72% 12/15/2031 <sup>(a)(h)</sup> <br>| 2821 | 2851 |
| New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class A1, 1.91% 10/20/2061 <sup>(a)(h)</sup> <br>| 5653 | 4756 |
| New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class B1, 2.41% 10/20/2061 <sup>(a)(h)</sup> <br>| 5500 | 3544 |
| Oaktree ABF Equipment ST, LLC, Series 2026-1A, Class A2, 4.50% 10/17/2033 <sup>(a)(h)</sup> <br>| 1385 | 1389 |
| OHS Issuer, LLC, Series 2026-1, Class A2, 5.98% 2/25/2061 <sup>(a)(h)</sup> <br>| 25201 | 24771 |
| Oportun Funding, LLC, Series 2021-B, Class C, 3.65% 5/8/2031 <sup>(a)(h)</sup> <br>| 351 | 348 |
| Oportun Funding, LLC, Series 2021-B, Class D, 5.41% 5/8/2031 <sup>(a)(h)</sup> <br>| 139 | 138 |
| OWN Equipment Fund II, LLC, Series 2025-1M, Class C, 9.02% 9/26/2033 <sup>(a)(h)</sup> <br>| 2684 | 2758 |
| OWN Equipment Fund III, Series 2025-2M, Class A, 5.42% 3/27/2034 <sup>(a)(h)</sup> <br>| 27801 | 27742 |
| OWN Equipment Fund III, Series 2025-2M, Class B, 6.49% 3/27/2034 <sup>(a)(h)</sup> <br>| 1321 | 1324 |
| OWN Equipment Fund III, Series 2025-2M, Class C, 8.77% 3/27/2034 <sup>(a)(h)</sup> <br>| 592 | 601 |
| Pagaya AI Debt Selection Trust, Series 2026-1, Class A2, 4.739% 9/15/2033 <sup>(a)(h)</sup> <br>| 678 | 677 |
| Pagaya AI Debt Selection Trust, Series 2026-1, Class B, 5.37% 9/15/2033 <sup>(a)(h)</sup> <br>| 4692 | 4683 |
| PK ALIFT Loan Funding, Series 2025-2, Class A, 4.75% 3/15/2043 <sup>(a)(h)</sup> <br>| 2361 | 2352 |
| PK ALIFT Loan Funding, Series 2026-1, Class A, 4.614% 9/15/2043 <sup>(a)(h)</sup> <br>| 250 | 247 |
| Reach Financial, LLC, Series 2026-1A, Class C, 4.80% 2/15/2033 <sup>(a)(h)</sup> <br>| 7031 | 6987 |
| SCF Equipment Trust, LLC, Series 2025-1A, Class D, 5.88% 11/20/2035 <sup>(a)(h)</sup> <br>| 996 | 1021 |
| SCF Equipment Trust, LLC, Series 2025-2A, Class C, 4.82% 6/20/2036 <sup>(a)(h)</sup> <br>| 2676 | 2657 |
| SCF Equipment Trust, LLC, Series 2025-2A, Class D, 5.33% 6/20/2036 <sup>(a)(h)</sup> <br>| 1811 | 1798 |
| SCF Equipment Trust, LLC, Series 2025-2A, Class E, 6.21% 6/20/2036 <sup>(a)(h)</sup> <br>| 4000 | 4027 |
| TAL Advantage V, LLC, Series 2020-1, Class B, 3.29% 9/20/2045 <sup>(a)(h)</sup> <br>| 1390 | 1337 |
| Textainer Marine Containers, Ltd., Series 2020-2A, Class B, 3.34% 9/20/2045 <sup>(a)(h)</sup> <br>| 224 | 213 |
| Textainer Marine Containers, Ltd., Series 2021-1, Class B, 2.52% 2/20/2046 <sup>(a)(h)</sup> <br>| 219 | 205 |
| Textainer Marine Containers, Ltd., Series 2025-1H, Class A, 6.43% 7/23/2050 <sup>(a)(h)</sup> <br>| 6119 | 6121 |
| Textainer Marine Containers, Ltd., Series 2025-1H, Class B, 8.06% 7/23/2050 <sup>(a)(h)</sup> <br>| 9038 | 9030 |
| TIF Funding II, LLC, Series 2020-1A, Class B, 3.82% 8/20/2045 <sup>(a)(h)</sup> <br>| 782 | 758 |
| TIF Funding II, LLC, Series 2021-1A, Class B, 2.54% 2/20/2046 <sup>(a)(h)</sup> <br>| 1278 | 1164 |
| Triton Container Finance VIII, LLC, Series 2020-1, Class B, 3.74% 9/20/2045 <sup>(a)(h)</sup> <br>| 234 | 224 |
| Triton Container Finance VIII, LLC, Series 2021-1A, Class B, 2.58% 3/20/2046 <sup>(a)(h)</sup> <br>| 2024 | 1863 |
| Upgrade Master Pass-Thru Trust, Series 2026-ST1, Class B, 4.635% 3/15/2034 <sup>(a)(h)</sup> <br>| 2849 | 2834 |
| Upgrade Master Pass-Thru Trust, Series 2026-ST1, Class C, 5.13% 3/15/2034 <sup>(a)(h)</sup> <br>| 3056 | 3033 |
| Wingspire Equipment Finance, LLC, Series 2025-1A, Class C, 4.76% 9/20/2033 <sup>(a)(h)</sup> <br>| 854 | 851 |
| Wingspire Equipment Finance, LLC, Series 2025-1A, Class D, 5.45% 9/20/2033 <sup>(a)(h)</sup> <br>| 2606 | 2594 |
| Zayo Issuer, LLC, Series 2025-2A, Class A2, 5.953% 6/20/2055 <sup>(a)(h)</sup> <br>| 4000 | 4075 |
| Zayo Issuer, LLC, Series 2025-2A, Class B, 6.586% 6/20/2055 <sup>(a)(h)</sup> <br>| 4000 | 4099 |
|  |  | 305624 |
| **Collateralized loan obligations 0.67%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apex Credit CLO, LLC, Series 2021-2A, Class A2R, (3-month USD CME Term SOFR + 1.85%) 5.518% <br> 10/20/2034 <sup>(a)(h)(i)</sup> <br>| 3685 | 3687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ARES CLO, Ltd., Series 2021-62, Class A1R, (3-month USD CME Term SOFR + 1.07%) 4.738% <br> 1/25/2034 <sup>(a)(h)(i)</sup> <br>| 3770 | 3768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ARES CLO, Ltd., Series 2022-65A, Class CR, (3-month USD CME Term SOFR + 1.85%) 5.518% <br> 7/25/2034 <sup>(a)(h)(i)</sup> <br>| 6341 | 6295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Battalion CLO, Ltd., Series 2018-12A, Class DRR, (3-month USD CME Term SOFR + 2.60%) 6.253% <br> 5/17/2031 <sup>(a)(h)(i)</sup> <br>| 13890 | 13708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bluemountain CLO, Ltd., Series 2021-31A, Class A1R, (3-month USD CME Term SOFR + 1.10%) <br> 4.768% 4/19/2034 <sup>(a)(h)(i)</sup> <br>| 821 | 820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Credit BSL CLO, Ltd., Series 2019-2A, Class DR, (3-month USD CME Term SOFR + 2.85%) <br> 6.518% 10/20/2032 <sup>(a)(h)(i)</sup> <br>| 4590 | 4511 |

---

American Funds Multi-Sector Income Fund — Page 45 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Collateralized loan obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Credit BSL CLO, Ltd., Series 2020-1A, Class BR, (3-month USD CME Term SOFR + 1.70%) <br> 5.368% 10/20/2033 <sup>(a)(h)(i)</sup> <br>| USD8,616 | $8621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Credit BSL CLO, Ltd., Series 2023-1A, Class BR, (3-month USD CME Term SOFR + 1.85%) <br> 5.521% 4/23/2036 <sup>(a)(h)(i)</sup> <br>| 7465 | 7469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Credit BSL CLO, Ltd., Series 2023-3A, Class CR, (3-month USD CME Term SOFR + 1.75%) <br> 5.421% 1/23/2037 <sup>(a)(h)(i)</sup> <br>| 2324 | 2312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Galaxy CLO, Ltd., Series 2024-33A, Class BR, (3-month USD CME Term SOFR + 1.70%) 5.411% <br> 4/20/2037 <sup>(a)(h)(i)</sup> <br>| 9654 | 9659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harvest US CLO, Ltd., Series 2023-1A, Class CR, (3-month USD CME Term SOFR + 1.75%) 5.422% <br> 1/15/2037 <sup>(a)(h)(i)</sup> <br>| 3450 | 3418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ocean Trails CLO, Series 2021-11A, Class DR, (3-month USD CME Term SOFR + 3.10%) 6.768% <br> 7/20/2034 <sup>(a)(h)(i)</sup> <br>| 5500 | 5190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palmer Square Loan Funding CLO, Ltd., Series 2024-2A, Class BR, (3-month USD CME Term SOFR + <br> 1.50%) 5.169% 1/15/2033 <sup>(a)(h)(i)</sup> <br>| 9700 | 9701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sound Point CLO, Ltd., Series 2022-1A, Class BR, (3-month USD CME Term SOFR + 1.75%) 5.418% <br> 4/20/2035 <sup>(a)(h)(i)</sup> <br>| 7468 | 7469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Steele Creek CLO, Ltd., Series 2019-2A, Class CRR, (3-month USD CME Term SOFR + 1.80%) 5.472% <br> 7/15/2032 <sup>(a)(h)(i)</sup> <br>| 12807 | 12769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Steele Creek CLO, Ltd., Series 2019-2A, Class DR, (3-month USD CME Term SOFR + 2.80%) 6.472% <br> 7/15/2032 <sup>(a)(h)(i)</sup> <br>| 8918 | 8720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Symphony CLO, Ltd., Series 2021-28A, Class DR, (3-month USD CME Term SOFR + 2.85%) 6.65% <br> 1/23/2036 <sup>(a)(h)(i)</sup> <br>| 1000 | 987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinitas CLO, Ltd., Series 2020-12A, Class B1R2, (3-month USD CME Term SOFR + 1.55%) 5.218% <br> 4/25/2033 <sup>(a)(h)(i)</sup> <br>| 8127 | 8109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinitas CLO, Ltd., Series 2020-12A, Class CR2, (3-month USD CME Term SOFR + 1.80%) 5.658% <br> 4/25/2033 <sup>(a)(h)(i)</sup> <br>| 2350 | 2341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinitas CLO, Ltd., Series 2021-17A, Class B1R, (3-month USD CME Term SOFR + 1.65%) 5.318% <br> 10/20/2034 <sup>(a)(h)(i)</sup> <br>| 15159 | 15102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinitas CLO, Ltd., Series 2021-17A, Class CR, (3-month USD CME Term SOFR + 2.00%) 5.668% <br> 10/20/2034 <sup>(a)(h)(i)</sup> <br>| 3595 | 3573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vibrant CLO, Ltd., Series 2018-9RA, Class C1, (3-month USD CME Term SOFR + 1.82%) 5.488% <br> 4/20/2037 <sup>(a)(h)(i)</sup> <br>| 3804 | 3774 |
|  |  | 142003 |
| **Credit card 0.62%** |  |  |
| Avant Credit Card Master Trust, Series 2024-2A, Class C, 6.41% 5/15/2029 <sup>(a)(h)</sup> <br>| 18390 | 18382 |
| Avant Credit Card Master Trust, Series 2024-2A, Class D, 8.98% 5/15/2029 <sup>(a)(h)</sup> <br>| 13450 | 13498 |
| Avant Credit Card Master Trust, Series 2024-2A, Class E, 13.41% 5/15/2029 <sup>(a)(h)</sup> <br>| 14800 | 14999 |
| Evergreen Credit Card Trust, Series 2025-CRT5, Class C, 5.53% 5/15/2029 <sup>(a)(h)</sup> <br>| 957 | 963 |
| Imprint Payments Credit Card Master Trust, Series 2025-A, Class B, 5.24% 9/15/2029 <sup>(a)(h)</sup> <br>| 1598 | 1593 |
| Imprint Payments Credit Card Master Trust, Series 2025-A, Class C, 5.48% 9/15/2029 <sup>(a)(h)</sup> <br>| 1238 | 1234 |
| Imprint Payments Credit Card Master Trust, Series 2025-A, Class D, 5.82% 9/15/2029 <sup>(a)(h)</sup> <br>| 1492 | 1485 |
| Imprint Payments Credit Card Master Trust, Series 2025-A, Class E, 8.30% 9/15/2029 <sup>(a)(h)</sup> <br>| 4050 | 4055 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class B, 6.59% 8/15/2029 <sup>(a)(h)</sup> <br>| 1597 | 1602 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class D, 10.12% 8/15/2029 <sup>(a)(h)</sup> <br>| 9435 | 9467 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class E, 13.69% 8/15/2029 <sup>(a)(h)</sup> <br>| 5700 | 5735 |
| Mission Lane Credit Card Master Trust, Series 2025-A, Class D, 8.89% 5/15/2030 <sup>(a)(h)</sup> <br>| 4000 | 3959 |
| Mission Lane Credit Card Master Trust, Series 2025-C, Class A, 4.78% 12/16/2030 <sup>(a)(h)</sup> <br>| 3601 | 3600 |
| Mission Lane Credit Card Master Trust, Series 2025-C, Class C, 5.37% 12/16/2030 <sup>(a)(h)</sup> <br>| 4503 | 4498 |
| Mission Lane Credit Card Master Trust, Series 2025-C, Class D, 5.71% 12/16/2030 <sup>(a)(h)</sup> <br>| 3021 | 3002 |
| Mission Lane Credit Card Master Trust, Series 2025-C, Class F, 10.55% 12/16/2030 <sup>(a)(h)</sup> <br>| 6157 | 6045 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class A, 5.06% 9/15/2031 <sup>(a)(h)</sup> <br>| 20333 | 20421 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class B, 5.21% 9/15/2031 <sup>(a)(h)</sup> <br>| 1658 | 1665 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class C, 5.41% 9/15/2031 <sup>(a)(h)</sup> <br>| 1139 | 1143 |

---

American Funds Multi-Sector Income Fund — Page 46 of 59

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Credit card (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Mission Lane Credit Card Master Trust, Series 2025-B, Class D, 5.80% 9/15/2031 <sup>(a)(h)</sup> <br>| USD1,143 | $1126 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class E, 8.08% 9/15/2031 <sup>(a)(h)</sup> <br>| 6935 | 6759 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class F, 11.21% 9/15/2031 <sup>(a)(h)</sup> <br>| 7000 | 6866 |
|  |  | 132097 |
| **Student loan 0.55%** |  |  |
| Navient Education Loan Trust, Series 2025-A, Class B, 5.32% 7/15/2055 <sup>(a)(h)</sup> <br>| 3003 | 3019 |
| Navient Education Loan Trust, Series 2025-A, Class C, 5.53% 7/15/2055 <sup>(a)(h)</sup> <br>| 2785 | 2800 |
| Navient Education Loan Trust, Series 2025-A, Class D, 6.03% 7/15/2055 <sup>(a)(h)</sup> <br>| 2289 | 2293 |
| Nelnet Student Loan Trust, Series 2026-A, Class B, 4.78% 2/21/2061 <sup>(a)(h)</sup> <br>| 2343 | 2317 |
| Nelnet Student Loan Trust, Series 2026-A, Class D, 5.84% 2/21/2061 <sup>(a)(h)</sup> <br>| 11287 | 11093 |
| Nelnet Student Loan Trust, Series 2021-CA, Class D, 4.44% 4/20/2062 <sup>(a)(h)</sup> <br>| 1889 | 1686 |
| SMB Private Education Loan Trust, Series 2021-A, Class APT2, 1.07% 1/15/2053 <sup>(a)(h)</sup> <br>| 183 | 168 |
| SMB Private Education Loan Trust, Series 2021-A, Class D2, 3.86% 1/15/2053 <sup>(a)(h)</sup> <br>| 3879 | 3520 |
| SMB Private Education Loan Trust, Series 2021-A, Class D1, 3.86% 1/15/2053 <sup>(a)(h)</sup> <br>| 3094 | 2801 |
| SMB Private Education Loan Trust, Series 2025-B, Class C, 5.49% 3/17/2053 <sup>(a)(h)</sup> <br>| 2255 | 2243 |
| SMB Private Education Loan Trust, Series 2025-B, Class D, 6.63% 3/17/2053 <sup>(a)(h)</sup> <br>| 4801 | 4822 |
| SMB Private Education Loan Trust, Series 2023-D, Class D, 8.87% 9/15/2053 <sup>(a)(h)</sup> <br>| 10604 | 11368 |
| SMB Private Education Loan Trust, Series 2022-A, Class D, 4.75% 11/16/2054 <sup>(a)(h)</sup> <br>| 774 | 739 |
| SMB Private Education Loan Trust, Series 2022-B, Class D, 5.95% 2/16/2055 <sup>(a)(h)</sup> <br>| 5892 | 5927 |
| SMB Private Education Loan Trust, Series 2024-A, Class D, 8.22% 3/15/2056 <sup>(a)(h)</sup> <br>| 29616 | 31281 |
| SMB Private Education Loan Trust, Series 2023-B, Class D, 7.56% 10/16/2056 <sup>(a)(h)</sup> <br>| 20325 | 20973 |
| SMB Private Education Loan Trust, Series 2022-D, Class D, 7.23% 10/15/2058 <sup>(a)(h)</sup> <br>| 10401 | 10602 |
|  |  | 117652 |
| **Private issue collateralized mortgage-backed obligations 0.02%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JP Morgan Mortgage Trust, Series 2024-CES1, Class A3, 6.397% 6/25/2054 <br>(7.397% on 3/1/2028) <sup>(a)(b)(h)</sup> <br>| 1945 | 1962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JP Morgan Mortgage Trust, Series 2024-CES1, Class M1, 6.596% 6/25/2054 <br>(7.596% on 3/1/2028) <sup>(a)(b)(h)</sup> <br>| 1578 | 1590 |
|  |  | 3552 |
| **Total asset-backed obligations** |  | 1139961 |
| **U.S. Treasury bonds & notes 1.91%**<br> **U.S. Treasury 1.91%**<br>|  |  |
| U.S. Treasury 3.375% 2/29/2028  | 1468 | 1457 |
| U.S. Treasury 3.875% 3/31/2028  | 14848 | 14871 |
| U.S. Treasury 3.50% 3/15/2029 <sup>(j)</sup>  | 52364 | 51912 |
| U.S. Treasury 4.25% 6/30/2029  | 1937 | 1961 |
| U.S. Treasury 4.25% 1/31/2030  | 5000 | 5063 |
| U.S. Treasury 3.50% 2/28/2031  | 56693 | 55598 |
| U.S. Treasury 3.875% 3/31/2031 <sup>(j)</sup>  | 82324 | 82070 |
| U.S. Treasury 4.625% 5/31/2031  | 2095 | 2157 |
| U.S. Treasury 4.25% 3/31/2033  | 5922 | 5963 |
| U.S. Treasury 4.375% 5/15/2034  | 208 | 210 |
| U.S. Treasury 4.25% 11/15/2034  | 6969 | 6968 |
| U.S. Treasury 4.125% 2/15/2036 <sup>(j)</sup>  | 77858 | 76647 |
| U.S. Treasury 4.625% 2/15/2046 <sup>(j)</sup>  | 54754 | 52782 |
| U.S. Treasury 4.75% 11/15/2053  | 1838 | 1787 |
| U.S. Treasury 4.25% 2/15/2054  | 1181 | 1058 |
| U.S. Treasury 4.50% 11/15/2054  | 3630 | 3391 |
| U.S. Treasury 4.75% 8/15/2055  | 7200 | 7014 |

---

American Funds Multi-Sector Income Fund — Page 47 of 59

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**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **U.S. Treasury bonds & notes (continued)**<br> **U.S. Treasury (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| U.S. Treasury 4.625% 11/15/2055 <sup>(j)</sup>  | USD31,686 | $30260 |
| U.S. Treasury 4.75% 2/15/2056  | 5500 | 5363 |
|  |  | 406532 |
| **Loans 1.60%**<br> **Industrials 0.35%**<br>|  |  |
| Apple Bidco, LLC, Term Loan, (3-month USD CME Term SOFR + 2.50%) 6.168% 9/23/2031 <sup>(i)(k)</sup>  | 3708 | 3713 |
| Avis Budget Car Rental, LLC, Term Loan B, (1-month USD CME Term SOFR + 2.50%) 6.168% 7/16/2032 <sup>(i)(k)</sup>  | 993 | 978 |
| CoreLogic, Inc., Term Loan, (3-month USD CME Term SOFR + 6.614%) 10.282% 6/4/2029 <sup>(i)(k)</sup>  | 4467 | 4160 |
| Cornerstone Building Brands, Inc., Term Loan B, (3-month USD CME Term SOFR + 3.35%) 7.024% 4/12/2028 <sup>(i)(k)</sup>  | 139 | 79 |
| Peraton Corp., Term Loan B, (3-month USD CME Term SOFR + 3.85%) 7.517% 2/1/2028 <sup>(i)(k)</sup>  | 74396 | 63578 |
| TransDigm, Inc., Term Loan N, (1-month USD CME Term SOFR + 2.50%) 6.168% 2/13/2033 <sup>(i)(k)</sup>  | 1000 | 1001 |
|  |  | 73509 |
| **Information technology 0.25%** |  |  |
| Finastra USA, Inc., Term Loan, (3-month USD CME Term SOFR + 4.00%) 7.671% 9/15/2032 <sup>(i)(k)</sup>  | 16310 | 15340 |
| Kaseya, Inc., Term Loan, (3-month USD CME Term SOFR + 5.00%) 8.668% 3/21/2033 <sup>(i)(k)</sup>  | 6975 | 5592 |
| Viasat, Inc., Term Loan B, (3-month USD CME Term SOFR + 4.614%) 8.282% 3/2/2029 <sup>(i)(k)</sup>  | 8834 | 8870 |
| Viasat, Inc., Term Loan B, (1-month USD CME Term SOFR + 4.614%) 8.289% 5/30/2030 <sup>(i)(k)</sup>  | 24350 | 24403 |
|  |  | 54205 |
| **Financials 0.19%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alera Group Intermediate Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 5.50%) 9.176% <br>5/30/2033 <sup>(i)(k)</sup>  | 10530 | 10197 |
| Aretec Group, Inc., Term Loan B-4, (1-month USD CME Term SOFR + 3.00%) 6.668% 8/9/2030 <sup>(i)(k)</sup>  | 998 | 986 |
| CRC Insurance Group, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.45% 5/6/2032 <sup>(i)(k)</sup>  | 18840 | 18707 |
| HUB International, Ltd., Term Loan, (3-month USD CME Term SOFR + 2.25%) 5.92% 6/20/2030 <sup>(i)(k)</sup>  | 3324 | 3320 |
| Osaic Holdings, Inc., Term Loan B1, (3-month USD CME Term SOFR + 2.50%) 6.20% 7/30/2032 <sup>(i)(k)</sup>  | 7814 | 7676 |
|  |  | 40886 |
| **Communication services 0.18%** |  |  |
| Connect Finco SARL, Term Loan B, (1-month USD CME Term SOFR + 4.50%) 8.168% 9/27/2029 <sup>(i)(k)</sup>  | 14621 | 14665 |
| Diamond Sports Net, LLC, Term Loan, 12.00% Cash 1/2/2028 <sup>(d)(k)</sup>  | 90 | 18 |
| Gray Television, Inc., Term Loan D, (3-month USD CME Term SOFR + 3.114%) 6.782% 12/1/2028 <sup>(i)(k)</sup>  | 19257 | 19277 |
| Gray Television, Inc., Term Loan B, (3-month USD CME Term SOFR + 5.25%) 8.918% 6/4/2029 <sup>(i)(k)</sup>  | 134 | 135 |
| Ligado Networks, LLC, Term Loan, 17.50% PIK 12/31/2027 <sup>(d)(f)(k)</sup>  | 725 | 725 |
| Versant Media Group, Inc., Term Loan B, (3-month USD CME Term SOFR + 1.75%) 5.45% 1/30/2031 <sup>(i)(k)</sup>  | 3990 | 3992 |
| X Corp., Term Loan B, (USD-SOFR + 6.75%) 10.448% 10/26/2029 <sup>(i)(k)</sup>  | —<br> <sup>(g)</sup><br>| — <br><sup>(g)</sup><br>|
|  |  | 38812 |
| **Health care 0.18%** |  |  |
| Endo Finance Holdings, Inc., Term Loan B, (3-month USD CME Term SOFR + 3.75%) 7.418% 4/23/2031 <sup>(i)(k)</sup>  | 24100 | 23992 |
| Owens & Minor, Inc., Term Loan, (3-month USD CME Term SOFR + 3.85%) 7.518% 3/29/2029 <sup>(i)(k)</sup>  | 16164 | 14604 |
|  |  | 38596 |
| **Consumer discretionary 0.17%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aimbridge Acquisition Co., Inc., Term Loan, (1-month USD CME Term SOFR + 1.614%) 6.00% PIK and 5.282% <br> Cash 3/11/2030 <sup>(d)(f)(i)(k)</sup>  | 4116 | 4116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aimbridge Acquisition Co., Inc., Term Loan, (1-month USD CME Term SOFR + 5.614%) 9.29% <br>3/11/2030 <sup>(f)(i)(k)</sup>  | 4292 | 4292 |
| Belron Finance 2019, LLC, Term Loan B, (3-month USD CME Term SOFR + 2.00%) 5.66% 10/16/2031 <sup>(i)(k)</sup>  | 9968 | 9973 |
| First Student Bidco, Inc., Term Loan B, (3-month USD CME Term SOFR + 2.25%) 5.923% 8/15/2030 <sup>(i)(k)</sup>  | 509 | 509 |
| First Student Bidco, Inc., Term Loan C, (3-month USD CME Term SOFR + 2.25%) 5.923% 8/15/2030 <sup>(i)(k)</sup>  | 93 | 93 |
| Hertz Corp. (The), Term Loan B, (3-month USD CME Term SOFR + 3.614%) 7.282% 6/30/2028 <sup>(i)(k)</sup>  | 4536 | 3311 |

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American Funds Multi-Sector Income Fund — Page 48 of 59

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**unaudited**

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Loans (continued)**<br> **Consumer discretionary (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Hertz Corp. (The), Term Loan C-EXIT, (1-month USD CME Term SOFR + 3.614%) 7.282% 6/30/2028 <sup>(i)(k)</sup>  | USD894 | $652 |
| Mercury Aggregator, LP, Term Loan 2, 19.00% PIK 2/3/2026 <sup>(d)(e)(f)(k)</sup>  | 3 | — <br><sup>(g)</sup><br>|
| Mercury Aggregator, LP, Term Loan, 19.00% PIK 2/3/2026 <sup>(d)(e)(f)(k)</sup>  | 6 | — <br><sup>(g)</sup><br>|
| Scientific Games Holdings, LP, Term Loan, (3-month USD CME Term SOFR + 3.00%) 6.652% 4/4/2029 <sup>(i)(k)</sup>  | 8509 | 8394 |
| Voyager Parent, LLC, Term Loan B, (3-month USD CME Term SOFR + 4.25%) 7.95% 7/1/2032 <sup>(i)(k)</sup>  | 5015 | 4988 |
|  |  | 36328 |
| **Consumer staples 0.16%** |  |  |
| Fiesta Purchaser, Inc., Term Loan B, (1-month USD CME Term SOFR + 2.75%) 6.418% 2/12/2031 <sup>(i)(k)</sup>  | 2928 | 2859 |
| TreeHouse Foods, Inc., Term Loan B, (1-month USD CME Term SOFR + 4.25%) 7.918% 2/11/2033 <sup>(i)(k)</sup>  | 26514 | 26448 |
| United Natural Foods, Inc., Term Loan B, (3-month USD CME Term SOFR + 4.75%) 8.418% 5/1/2031 <sup>(i)(k)</sup>  | 4798 | 4831 |
|  |  | 34138 |
| **Materials 0.05%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consolidated Energy Finance SA, Term Loan B, (3-month USD CME Term SOFR + 4.75%) 8.414% <br>11/15/2030 <sup>(i)(k)</sup>  | 9445 | 9091 |
| Venator Material, LLC, Term Loan, (USD Prime Rate + 4.00%) 7.00% PIK 7/16/2026 <sup>(d)(f)(i)(k)</sup>  | 1185 | 375 |
| Venator Material, LLC, Term Loan, (3-month USD CME Term SOFR + 8.00%) 7.00% PIK 7/16/2026 <sup>(d)(f)(i)(k)</sup>  | 1199 | 380 |
| Venator Material, LLC, Term Loan, (USD-SOFR + 10.00%) 7.00% PIK 10/12/2028 <sup>(d)(e)(f)(i)(k)</sup>  | 1979 | 627 |
|  |  | 10473 |
| **Utilities 0.05%** |  |  |
| MI Windows and Doors, LLC, Term Loan B3, (3-month USD CME Term SOFR + 2.75%) 6.418% 3/28/2031 <sup>(i)(k)</sup>  | 4736 | 4381 |
| Talen Energy Supply, LLC, Term Loan B, (3-month USD CME Term SOFR + 2.50%) 6.153% 5/17/2030 <sup>(i)(k)</sup>  | 4332 | 4345 |
| Talen Energy Supply, LLC, Term Loan B, (3-month USD CME Term SOFR + 2.00%) 5.668% 11/25/2032 <sup>(i)(k)</sup>  | 1322 | 1324 |
|  |  | 10050 |
| **Municipals 0.02%** |  |  |
| AM Bidco Operations, LLC, Term Loan, 8.50% PIK 10/21/2027 <sup>(d)(f)(k)</sup>  | 4977 | 3131 |
| **Energy 0.00%** |  |  |
| New Fortress Energy, Inc., Term Loan B, (3-month USD CME Term SOFR + 5.50%) 9.57% 10/30/2028 <sup>(e)(i)(k)</sup>  | 921 | 519 |
| **Total loans** |  | 340647 |
| **Municipals 0.27%**<br> **California 0.05%**<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed Bonds, Series 2021-A-1, <br> 3.487% 6/1/2036  | 1440 | 1235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed Bonds, Series 2021-A-1, <br> 3.714% 6/1/2041  | 2165 | 1717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Rancho Mirage, Community Facs. Dist. No. 5 (Improvement Area No. 1), Special Tax Bonds, Series 2024-B, <br> 7.25% 9/1/2039  | 6625 | 6729 |
|  |  | 9681 |
| **Florida 0.00%** |  |  |
| County of Broward, Airport System Rev. Ref. Bonds, Series 2019-C, 3.477% 10/1/2043  | 75 | 63 |
| **Illinois 0.02%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, 5.00% <br> 12/1/2034  | 150 | 150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2022-A, 4.00% <br> 12/1/2047  | 3890 | 3112 |

---

American Funds Multi-Sector Income Fund — Page 49 of 59

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**unaudited**

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Municipals (continued)**<br> **Illinois (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| GO Bonds, Pension Funding, Series 2003, 5.10% 6/1/2033  | USD79 | $80 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Pier and Exposition Auth., McCormick Place Expansion Project Rev. Ref. Bonds, CAB, Series 2017-A, <br> AGI, 0% 12/15/2056  | 1750 | 372 |
|  |  | 3714 |
| **New Hampshire 0.02%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; National Fin. Auth., Lease Rent Rev. Bonds (Centurion Foundation Lamar BLVD, LLC), Series 2025-B, 6.82% <br> 6/15/2035 <sup>(a)</sup>  | 4865 | 4923 |
| **Ohio 0.02%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cleveland-Cuyahoga Port Auth., Federal Lease Rev. Bonds (VA Cleveland Health Care Center Project), Series <br> 2021, 4.425% 5/1/2031  | 5920 | 5367 |
| **Puerto Rico 0.15%** |  |  |
| Electric Power Auth., Power Rev. Bonds, Series 2007-TT, 5.00% 7/1/2017 <sup>(e)</sup>  | 60 | 40 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-ZZ, 4.25% 7/1/2018 <sup>(e)</sup>  | 145 | 96 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-ZZ, 5.00% 7/1/2018 <sup>(e)</sup>  | 700 | 465 |
| Electric Power Auth., Power Rev. Bonds, Series 2003-NN, 5.50% 7/1/2020 <sup>(e)</sup>  | 90 | 60 |
| Electric Power Auth., Power Rev. Bonds, Series 2007-TT, 5.00% 7/1/2021 <sup>(e)</sup>  | 1415 | 941 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-AAA, 5.25% 7/1/2021 <sup>(e)</sup>  | 1935 | 1287 |
| Electric Power Auth., Power Rev. Bonds, Series 2007-TT, 5.00% 7/1/2023 <sup>(e)</sup>  | 140 | 93 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-DDD, 5.00% 7/1/2023 <sup>(e)</sup>  | 1545 | 1027 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-CCC, 5.00% 7/1/2024 <sup>(e)</sup>  | 550 | 366 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-XX, 4.625% 7/1/2025 <sup>(e)</sup>  | 65 | 43 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-XX, 4.75% 7/1/2026 <sup>(e)</sup>  | 80 | 53 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-ZZ, 5.00% 7/1/2026 <sup>(e)</sup>  | 45 | 30 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-CCC, 5.25% 7/1/2026 <sup>(e)</sup>  | 155 | 103 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-ZZ, 5.25% 7/1/2026 <sup>(e)</sup>  | 2880 | 1915 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-ZZ, 4.75% 7/1/2027 <sup>(e)</sup>  | 485 | 322 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-CCC, 4.80% 7/1/2028 <sup>(e)</sup>  | 1625 | 1081 |
| Electric Power Auth., Power Rev. Bonds, Series 2008-WW, 5.00% 7/1/2028 <sup>(e)</sup>  | 460 | 306 |
| Electric Power Auth., Power Rev. Bonds, Series 2007-TT, 5.00% 7/1/2032 <sup>(e)</sup>  | 1240 | 825 |
| Electric Power Auth., Power Rev. Bonds, Series 2013-A, 6.75% 7/1/2036 <sup>(e)</sup>  | 455 | 302 |
| Electric Power Auth., Power Rev. Bonds, Series 2007-TT, 5.00% 7/1/2037 <sup>(e)</sup>  | 455 | 303 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-XX, 5.25% 7/1/2040 <sup>(e)</sup>  | 2525 | 1679 |
| Electric Power Auth., Power Rev. Bonds, Series 2012-A, 5.00% 7/1/2042 <sup>(e)</sup>  | 1660 | 1104 |
| Electric Power Auth., Power Rev. Ref. Bonds, Series 2007-UU, AGI, 3.469% 7/1/2017 <sup>(e)</sup>  | 2240 | 1490 |
| Electric Power Auth., Power Rev. Ref. Bonds, Series 2010-DDD, 3.625% 7/1/2021 <sup>(e)</sup>  | 20 | 13 |
| Electric Power Auth., Power Rev. Ref. Bonds, Series 2010-DDD, 5.00% 7/1/2021 <sup>(e)</sup>  | 520 | 346 |
| Electric Power Auth., Power Rev. Ref. Bonds, Series 2010-DDD, 5.00% 7/1/2022 <sup>(e)</sup>  | 4710 | 3132 |
| Electric Power Auth., Power Rev. Ref. Bonds, Series 2008-WW, 5.50% 7/1/2038 <sup>(e)</sup>  | 1000 | 665 |
| GO Restructured Bonds, Series 2022-A-1, 5.625% 7/1/2027  | 968 | 987 |
| GO Restructured Bonds, Series 2022-A-1, 5.625% 7/1/2029  | 953 | 1006 |
| GO Restructured Bonds, Series 2022-A-1, 5.75% 7/1/2031  | 925 | 1011 |
| GO Restructured Bonds, Series 2022-A-1, 4.00% 7/1/2033  | 877 | 876 |
| GO Restructured Bonds, Series 2022-A-1, 4.00% 7/1/2035  | 789 | 778 |
| GO Restructured Bonds, Series 2022-A-1, 4.00% 7/1/2037  | 677 | 654 |
| GO Restructured Bonds, Series 2022-A-1, 4.00% 7/1/2041  | 920 | 853 |
| GO Restructured Bonds, CAB, Series 2022-A-1, 0% 7/1/2033  | 1129 | 821 |

---

American Funds Multi-Sector Income Fund — Page 50 of 59

------

**unaudited**

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Municipals (continued)**<br> **Puerto Rico (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| GO Taxable Bonds, Series 2022, 0% 11/1/2043 <sup>(i)</sup>  | USD3,262 | $2190 |
| Sales Tax Fncg. Corp., Sales Tax Rev. Restructured Bonds, CAB, Series 2018-A-1, 0% 7/1/2046  | 14270 | 5025 |
|  |  | 32288 |
| **Texas 0.00%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazoria County Industrial Dev. Corp., Solid Waste Disposal Facs. Rev. Bonds (Aleon Renewable Metals, LLC <br> Project), Series 2023, AMT, 12.00% 6/1/2043 <sup>(a)(e)</sup>  | 6632 | 332 |
| **Washington 0.01%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Econ. Dev. Fin. Auth., Environmental Facs. Rev. Bonds (North Pacific Paper Co. Recycling Project), Series 2020-B, <br> 9.00% 12/1/2036 <sup>(a)</sup>  | 1725 | 1798 |
| **Total municipals** |  | 58166 |
| **Total bonds, notes & other debt instruments** (cost: $20,877,502,000) |  | 20684070 |
| Convertible bonds & notes 0.17%<br> **Information technology 0.14%**<br>|  |  |
| Strategy, Inc., convertible notes, 0% 12/1/2029  | 34839 | 29003 |
| **Communication services 0.03%** |  |  |
| EchoStar Corp., convertible notes, 3.875% Cash 11/30/2030 <sup>(d)</sup>  | 1991 | 7119 |
| **Total convertible bonds & notes** (cost: $33,265,000) |  | 36122 |
| Convertible stocks 0.12%<br> **Information technology 0.12%**<br>| Shares |  |
| Oracle Corp., Class D, cumulative convertible preferred shares, 6.50% 1/15/2029  | 567719 | 25553 |
| **Total convertible stocks** (cost: $28,374,000) |  | 25553 |
| Common stocks 0.49%<br> **Utilities 0.18%**<br>|  |  |
| Talen Energy Corp. <sup>(l)</sup>  | 117687 | 37570 |
| Light SA, units <sup>(f)(l)</sup>  | 4560228 | 1482 |
|  |  | 39052 |
| **Information technology 0.15%** |  |  |
| Diebold Nixdorf, Inc. <sup>(l)</sup>  | 419100 | 31617 |
| **Consumer discretionary 0.12%** |  |  |
| Aimbridge Topco, LLC <sup>(f)(l)</sup>  | 362523 | 25942 |
| NMG Parent, LLC <sup>(f)(l)</sup>  | 281 | — <br><sup>(g)</sup><br>|
|  |  | 25942 |

---

American Funds Multi-Sector Income Fund — Page 51 of 59

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Common stocks (continued)<br> **Health care 0.04%**<br>| Shares | Value<br> (000)<br>|
| Keenova Therapeutics PLC <sup>(l)</sup>  | 75391 | $6634 |
| Par Health, Inc. <sup>(a)(l)</sup>  | 75391 | 481 |
| Endo, LP, Class A1 <sup>(a)(l)</sup>  | 145095 | 103 |
|  |  | 7218 |
| **Energy 0.00%** |  |  |
| New Fortress Energy, Inc., Class A <sup>(l)</sup>  | 343097 | 202 |
| Mesquite Energy, Inc. <sup>(f)(l)</sup>  | 633 | 40 |
|  |  | 242 |
| **Materials 0.00%** |  |  |
| Venator Materials PLC <sup>(f)(l)</sup>  | 9406 | — <br><sup>(g)</sup><br>|
| **Industrials 0.00%** |  |  |
| AM BidCo Holdings, LLC <sup>(f)(l)</sup>  | 271 | — <br><sup>(g)</sup><br>|
| **Total common stocks** (cost: $88,064,000) |  | 104071 |
| Preferred securities 0.04%<br> **Financials 0.04%**<br>|  |  |
| AH Parent, Inc., Class A, 10.00% Cash perpetual cumulative preferred shares <sup>(c)(f)</sup>  | 10110 | 10081 |
| **Industrials 0.00%** |  |  |
| ACR III LSC Holdings, LLC, Series B, preferred shares <sup>(a)(f)(l)</sup>  | 5 | 8 |
| **Total preferred securities** (cost: $9,964,000) |  | 10089 |
| Rights & warrants 0.00%<br> **Communication services 0.00%**<br>|  |  |
| SES SA (CVR) <sup>(l)</sup>  | 1 | — <br><sup>(g)</sup><br>|
| **Total rights & warrants** (cost: $0) |  | — <br><sup>(g)</sup><br>|
| Short-term securities 1.37%<br> **Money market investments 1.37%**<br>|  |  |
| Capital Group Central Cash Fund 3.71% <sup>(m)(n)</sup>  | 2913316 | 291302 |
| **Total short-term securities** (cost: $291,303,000) |  | 291302 |
| Options purchased (equity style) 0.00% |  |  |
| Options purchased (equity style)\* |  | 83 |
| **Total options purchased (equity style)** (cost: $232,000) |  | 83 |
| **Total investment securities 99.21%** (cost: $21,328,704,000) |  | 21151290 |
| Other assets less liabilities 0.79% |  | 167509 |
| **Net assets 100.00%** |  | $21318799 |

---

American Funds Multi-Sector Income Fund — Page 52 of 59

------

**unaudited**

<sup>\*</sup>Options purchased (equity style)

------

**Options on futures** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exercise <br>price<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>3/31/2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| **Call** |  |  |  |  |  |
| 3 Month SOFR Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/11/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD98.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD165,000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $83 |

---

Futures contracts

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 3/31/2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 2 Year U.S. Treasury Note Futures | Long | 7695 | 7/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD1,596,292 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(10233)<br>|
| 5 Year Euro-Bobl Futures | Short | 250 | 6/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (33355)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 219 |
| 5 Year U.S. Treasury Note Futures | Long | 24478 | 7/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2648022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (29080)<br>|
| 10 Year Euro-Bund Futures | Short | 108 | 6/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15653)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 422 |
| 10 Year U.S. Treasury Note Futures | Long | 607 | 6/30/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1026)<br>|
| 10 Year Ultra U.S. Treasury Note Futures | Short | 12110 | 6/30/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1374674)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25326 |
| 20 Year U.S. Treasury Bond Futures | Long | 4477 | 6/30/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 509818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (16448)<br>|
| 30 Year Euro-Buxl Futures | Short | 20 | 6/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2549)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64 |
| 30 Year Ultra U.S. Treasury Bond Futures | Short | 172 | 6/30/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (20049)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 525 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(30231)<br>|

---

Forward currency contracts

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Contract amount | Contract amount | Contract amount | Contract amount | Counterparty | &nbsp;&nbsp;&nbsp; Settlement <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 3/31/2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Currency purchased <br>(000) | Currency purchased <br>(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | Counterparty | &nbsp;&nbsp;&nbsp; Settlement <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 3/31/2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| USD | 89951 | EUR | 77651 | Morgan Stanley | 4/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $131 |
| USD | 83656 | EUR | 72419 | Bank of America | 4/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (151)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(20)<br>|

---

Swap contracts

------

**Credit default swaps** 

**Centrally cleared credit default swaps on credit indices — buy protection** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference <br>index<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financing <br>rate paid<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>3/31/2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 3/31/2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| ITRAXX.EUR.45 | 1.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/20/2031 | EUR203,900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(3230)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(3465)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $235 |

---

American Funds Multi-Sector Income Fund — Page 53 of 59

------

**unaudited**

Swap contracts (continued)

------

**Credit default swaps (continued)**

**Centrally cleared credit default swaps on credit indices — sell protection** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference <br>index<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financing <br>rate received<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <sup>(o)</sup> <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>3/31/2026 <sup>(p)</sup> <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 3/31/2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| CDX.NA.HY.46 | 5.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/20/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD<br> 1,775,155<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $85273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $71774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $13499 |
| CDX.NA.IG.46 | 1.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/20/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38 |
| CDX.NA.IG.46 | 1.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/20/2036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (16)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $86017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $72465 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $13552 |

---

Investments in affiliates <sup>(n)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2026 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>3/31/2026 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Short-term securities 1.37%** | **Short-term securities 1.37%** | **Short-term securities 1.37%** | **Short-term securities 1.37%** | **Short-term securities 1.37%** | **Short-term securities 1.37%** | **Short-term securities 1.37%** | **Short-term securities 1.37%** |
| **Money market investments 1.37%** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Group Central Cash Fund 3.71% <sup>(m)</sup> <br>| $587580 | &nbsp;&nbsp; $1472801 | &nbsp;&nbsp; $1768969 | &nbsp;&nbsp; $(36)<br>| &nbsp;&nbsp; $(74)<br>| &nbsp;&nbsp; $291302 | &nbsp;&nbsp; $5858 |

---

Restricted securities <sup>(c)</sup>

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition <br>date(s)<br>| Cost <br>(000)<br>| Value <br>(000)<br>| Percent <br>of net <br>assets<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NFE Brazil Financing, Ltd. 15.00% PIK or 15.00% Cash <br>8/30/2029 <sup>(d)(f)</sup> <br>| 2/17/2026 | $25587 | $25587 | 0.12<br> %<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AH Parent, Inc., Class A, 10.00% Cash perpetual cumulative <br> preferred shares <sup>(f)</sup> <br>| 9/27/2024 | 9959 | 10081 | 0.05 |
| Stillwater Mining Co. 4.00% 11/16/2026  | 2/8/2024-6/24/2024 | 9885 | 10049 | 0.05 |
| Modec Finance BV 7.84% 7/15/2026 <sup>(f)</sup> <br>| 7/28/2023 | 9000 | 9104 | 0.04 |
| Wolfspeed, Inc. 4.00% PIK and 9.875% Cash 6/23/2030 <sup>(d)</sup> <br>| 9/29/2025-3/23/2026 | 7260 | 8134 | 0.04 |
| Sasol Financing USA, LLC 8.75% 5/3/2029  | 4/9/2024-4/15/2024 | 2571 | 2645 | 0.01 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hongkong Land Finance (Cayman Islands) Co., Ltd. (The) 5.25% <br>7/14/2033<br>| 11/14/2025-11/21/2025 | 2208 | 2194 | 0.01 |
| Sun Hung Kai Properties (Capital Market), Ltd. 2.875% 1/21/2030  | 11/17/2025 | 286 | 284 | 0.00 <br><sup>(q)</sup><br>|
| **Total** |  | $66756 | $68078 | 0.32<br> %<br>|

---

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

American Funds Multi-Sector Income Fund — Page 54 of 59

------

**unaudited**

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

<sup>(a)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $9,962,801,000, which represented 46.73% of the net assets of the fund. 

<sup>(b)</sup> Step bond; coupon rate may change at a later date.

<sup>(c)</sup> Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933.

<sup>(d)</sup> Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Payment methods and rates are as of the most recent payment when available. 

<sup>(e)</sup> Scheduled interest and/or principal payment was not received.

<sup>(f)</sup> Value determined using significant unobservable inputs.

<sup>(g)</sup> Amount less than one thousand.

<sup>(h)</sup> Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.

<sup>(i)</sup> Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. 

<sup>(j)</sup> All or a portion of this security was pledged as collateral. The total value of pledged collateral was $182,200,000, which represented 0.85% of the net assets of the fund. 

<sup>(k)</sup> Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $340,647,000, which represented 1.60% of the net assets of the fund. 

<sup>(l)</sup> Non-income producing.

<sup>(m)</sup> Rate represents the seven-day yield at 3/31/2026.

<sup>(n)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

<sup>(o)</sup> The maximum potential amount the fund may pay as a protection seller should a credit event occur.

<sup>(p)</sup> The prices and resulting values for credit default swap indices serve as an indicator of the current status of the payment/performance risk. As the value of a sell protection credit default swap increases or decreases, when compared to the notional amount of the swap, the payment/performance risk may decrease or increase, respectively. 

<sup>(q)</sup> Amount less than 0.01%.

American Funds Multi-Sector Income Fund — Page 55 of 59

------

**unaudited**

Valuation disclosures

------

Capital Research and Management Company ("CRMC"), the fund's investment adviser, values the fund's investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers. Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date.

**Methods and inputs** — The fund's investment adviser uses the following methods and inputs to establish the fair value of the fund's assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.

Equity securities, including depositary receipts, are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.

Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.

---

| | |
|:---|:---|
| **Fixed-income class** | **Examples of standard inputs** |
| &nbsp;&nbsp;&nbsp;&nbsp; All | &nbsp;&nbsp;&nbsp; Benchmark yields, transactions, bids, offers, quotations from dealers and <br> trading systems, new issues, spreads and other relationships observed in <br> the markets among comparable securities; and proprietary pricing <br> models such as yield measures calculated using factors such as cash flows, <br> financial or collateral performance and other reference data (collectively <br> referred to as "standard inputs")<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate bonds, notes & loans; convertible securities | Standard inputs and underlying equity of the issuer |
| &nbsp;&nbsp;&nbsp;&nbsp; Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed; asset-backed obligations | &nbsp;&nbsp;&nbsp; Standard inputs and cash flows, prepayment information, default rates, <br> delinquency and loss assumptions, collateral characteristics, credit <br> enhancements and specific deal information<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal securities | &nbsp;&nbsp;&nbsp; Standard inputs and, for certain distressed securities, cash flows or <br> liquidation values using a net present value calculation based on inputs <br> that include, but are not limited to, financial statements and debt contracts<br>|

---

Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund's investment adviser. The Capital Group Central Cash Fund ("CCF"), a fund within the Capital Group Central Fund Series ("Central Funds"), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF's portfolio securities. The underlying securities are valued based on the policies and procedures in CCF's statement of additional information. Exchange-traded options and futures are generally valued at the official closing price for options and official settlement price for futures on the exchange or market on which such instruments are traded, as of the close of business on the day such instruments are being valued. The average month-end notional amount of options on futures while held was $7,098,708,000. The average month-end notional amount of futures contracts while held was $6,089,253,000. Forward currency contracts are valued based on the spot and forward exchange rates obtained from a third-party pricing vendor. The average month-end notional amount of open forward currency contracts while held was $177,406,000. Swaps are generally valued using evaluated prices obtained from third-party pricing vendors who calculate these values based on market inputs that may include the yields of the indices referenced in the instrument and the relevant curve, dealer quotes, default probabilities and recovery rates, and terms of the contract. The average month-end notional amounts of credit default swaps while held were $905,614,000.

American Funds Multi-Sector Income Fund — Page 56 of 59

------

**unaudited**

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund's investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund's investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

**Processes and structure** — The fund's board of trustees has designated the fund's investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the "Committee") to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser's valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser's global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund's board and audit committee also regularly review reports that describe fair value determinations and methods.

**Classifications** — The fund's investment adviser classifies the fund's assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The fund's valuation levels as of March 31, 2026, were as follows (dollars in thousands):

American Funds Multi-Sector Income Fund — Page 57 of 59

------

**unaudited**

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Investment securities | Investment securities | Investment securities | Investment securities |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, notes & other debt instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate bonds and notes | $— | $14947817 | $41878 | $14989695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed obligations |  | 2460102 | 17305 | 2477407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds & notes of governments & government agencies <br> outside the U.S.<br>|  | 1271662 |  | 1271662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-backed obligations |  | 1139961 |  | 1139961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury bonds & notes |  | 406532 |  | 406532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans |  | 327001 | 13646 | 340647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipals |  | 58166 |  | 58166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Convertible bonds & notes  |  | 36122 |  | 36122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Convertible stocks  | 25553 |  |  | 25553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stocks  | 69389 | 7218 | 27464 | 104071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred securities  |  |  | 10089 | 10089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rights & warrants  |  | —<br> \*<br>|  | —<br> \*<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term securities  | 291302 |  |  | 291302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Options purchased on futures (equity style) | 83 |  |  | 83 |
| Total | $386327 | $20654581 | $110382 | $21151290 |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Other investments<sup>†</sup>  | Other investments<sup>†</sup>  | Other investments<sup>†</sup>  | Other investments<sup>†</sup>  |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on futures contracts | $26556 | $— | $— | $26556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on open forward currency contracts |  | 131 |  | 131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on centrally cleared credit default swaps |  | 13787 |  | 13787 |
| **Liabilities:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on futures contracts | (56787)<br>|  |  | (56787)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on open forward currency contracts |  | (151)<br>|  | (151)<br>|
| Total  | $(30231)<br>| $13767 | $— | $(16464)<br>|

---

\*

Amount less than one thousand.

<sup>†</sup>

Futures contracts, forward currency contracts and credit default swaps are not included in the fund's investment portfolio.

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

---

| |
|:---|
| **Key to abbreviation(s)** |
| AGI = Assured Guaranty insured |
| AMT = Alternative Minimum Tax |
| Auth. = Authority |
| CAB = Capital Appreciation Bonds |
| CLO = Collateralized Loan Obligations |
| CME = CME Group |
| CVR = Contingent Value Rights |
| DAC = Designated Activity Company |
| Dev. = Development |
| Dist. = District |
| Econ. = Economic |
| EUR = Euros |

---

---

| |
|:---|
| EURIBOR = Euro Interbank Offered Rate |
| Facs. = Facilities |
| Fin. = Finance |
| Fncg. = Financing |
| GO = General Obligation |
| ICE = Intercontinental Exchange, Inc. |
| PIK = Payment In Kind |
| Ref. = Refunding |
| Rev. = Revenue |
| SOFR = Secured Overnight Financing Rate |
| USD = U.S. dollars |
| UST = U.S. Treasury |

---

American Funds Multi-Sector Income Fund — Page 58 of 59

------

**unaudited**

**Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.**

**Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.**

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Capital Client Group, Inc., member FINRA.© 2026 Capital Group. All rights reserved.

MFGEFP1-126-0526

American Funds Multi-Sector Income Fund — Page 59 of 59

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** American Funds Multi-Sector Income Fund

- **b. Investment Company Act file number:** 811-23409

- **c. CIK number of Registrant:** 0001761673

- **d. LEI of Registrant:** 549300J5Z0VG84MLRB27

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

  - **Street Address 1:** 6455 Irvine Center Drive

  - **City:** Irvine

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92618-4518

  - **Telephone number:** 213-486-9200

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

- **a. Name of Series:** American Funds Multi-Sector Income Fund

- **b. EDGAR series identifier (if any):** S000065032

- **c. LEI of Series:** 549300J5Z0VG84MLRB27

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $21803899776.30

**Total Liabilities:** $502243925.15

**Net Assets:** $21301655851.15

**Cash Not Reported:** $1996210.64

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -19386.190000000000 | **1-Year:** -429607.990000000000 | **5-Year:** -1811318.080000000000 | **10-Year:** -2846390.460000000000 | **30-Year:** -1093523.940000000000

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

- **3-Month:** -38123.660000000000 | **1-Year:** -839764.640000000000 | **5-Year:** -2483170.390000000000 | **10-Year:** -721420.260000000000 | **30-Year:** -90650.730000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000210538 | 0.42%                | 0.69%                | -1.56%               |
| Class ID C000210539 | 0.39%                | 0.67%                | -1.59%               |
| Class ID C000210540 | 0.41%                | 0.67%                | -1.56%               |
| Class ID C000210541 | 0.42%                | 0.69%                | -1.56%               |
| Class ID C000210542 | 0.40%                | 0.67%                | -1.59%               |
| Class ID C000210543 | 0.37%                | 0.64%                | -1.60%               |
| Class ID C000210544 | 0.37%                | 0.66%                | -1.61%               |
| Class ID C000210545 | 0.34%                | 0.62%                | -1.64%               |
| Class ID C000210546 | 0.34%                | 0.62%                | -1.65%               |
| Class ID C000210547 | 0.42%                | 0.70%                | -1.56%               |
| Class ID C000210548 | 0.41%                | 0.69%                | -1.57%               |
| Class ID C000210549 | 0.39%                | 0.67%                | -1.59%               |
| Class ID C000210550 | 0.33%                | 0.62%                | -1.65%               |
| Class ID C000210551 | 0.39%                | 0.67%                | -1.59%               |
| Class ID C000210552 | 0.41%                | 0.69%                | -1.57%               |
| Class ID C000210553 | 0.40%                | 0.68%                | -1.57%               |
| Class ID C000210554 | 0.37%                | 0.65%                | -1.61%               |
| Class ID C000210555 | 0.33%                | 0.61%                | -1.65%               |
| Class ID C000210556 | 0.42%                | 0.70%                | -1.56%               |
| Class ID C000220532 | 0.42%                | 0.69%                | -1.57%               |
| Class ID C000220533 | 0.42%                | 0.69%                | -1.57%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4236349.27              | $-19242943.43                              |
| Month 2  | $22186022.47             | $48831166.72                               |
| Month 3  | $15837618.78             | $-439818954.86                             |

**Designated Index Information**

- **Index Name:** Bloomberg U.S. Aggregate Index

- **Index Identifier:** LBUSTRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AIMBRIDGE TOPCO LLC                                                             | AIMBRIDGE TOPCO LLC (DRS) (NOT LISTED OR TRADING)                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    362523 | NS      | $25942145.88  | 0.12%             |  |  |  | No            |                  3 | On Loan: No      |
| AM BIDCO HOLDINGS LLC                                                           | AM BIDCO HOLDINGS LLC (DRS) (NOT LISTED OR TRADING)                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       271 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ENDO LP                                                                         | ENDO LP CL A1 144A (NOT LISTED OR TRADING)                                                      | CUSIP: 29281F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    145095 | NS      | $103017.45    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ACR III LSC HOLDINGS LLC                                                        | ACR III LSC HOLDINGS LLC PFD SER B 144A (DRS) (NOT LISTED OR TRADING)                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |         5 | NS      | $8116.95      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| KEENOVA THERAPEUTICS PLC                                                        | KEENOVA THERAPEUTICS PLC (DRS) (NOT LISTED OR TRADING)                                          | CUSIP: N/A<br>LEI: 549300LMDE3RUP8Z3L60       | Long             | EC               | CORP              | IE        |     75391 | NS      | $6634408.00   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NMG PARENT LLC                                                                  | NMG PARENT LLC (ESCROW) (NOT LISTED OR TRADING)                                                 | CUSIP: 629ESC039<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       281 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| PAR HEALTH INC                                                                  | PAR HEALTH INC 144A (DRS) (NOT LISTED OR TRADING)                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     75391 | NS      | $480617.63    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MESQUITE ENERGY INC                                                             | MESQUITE ENERGY INC DRS (NOT LISTED OR TRADING)                                                 | CUSIP: N/A<br>LEI: 549300SB0HTIM17TVR61       | Long             | EC               | CORP              | US        |       632 | NS      | $39603.65     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| VENATOR MATERIALS PLC                                                           | VENATOR MATERIALS PLC (1145 SHARES)                                                             | CUSIP: N/A<br>LEI: 549300WFXC4YL5IHX316       | Long             | EC               | CORP              | GB        |      9406 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| AH PARENT INC                                                                   | AH PARENT INC CL A PFD 10.50% PRP PP (NOT LISTED OR TRADING)                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     10110 | NS      | $10081287.60  | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SES SA                                                                          | SES SA (CONTINGENT VALUE RIGHTS) 01-17-33 (NOT LISTED OR TRADING)                               | CUSIP: N/A<br>LEI: 5493008JPA4HYMH1HX51       | Long             | EC               | CORP              | LU        |         1 | NS      | $14.96        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LIGHT SA                                                                        | LIGHT SA UNIT (1 UNIT = 1 FCL121769 + 409 EWL24888) (NOT LISTED OR TRADING)                     | CUSIP: 53223N208<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   4560228 | OU      | $1482074.10   | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| MODEC FINANCE BV                                                                | MODEC FINANCE BV 7.84% 07-15-26                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | NL        |   9000000 | PA      | $9104400.00   | 0.04%             | 2026-07-15      | Fixed         | 7.84%                 | Yes           |                  3 | On Loan: No      |
| NFE BRAZIL FINANCING LTD                                                        | NFE BRAZIL FINANCING LTD PP SR SEC 1ST LIEN PIK 15.0% 08-30-29                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | GB        |  25586703 | PA      | $25586702.97  | 0.12%             | 2029-08-30      | Fixed         | 15.00%                | Yes           |                  3 | On Loan: No      |
| PARTY CITY HOLDINGS INC                                                         | PARTY CITY 2L TRUST ESCROW 0.0% 08-27-30                                                        | CUSIP: 702ESCAK0<br>LEI: 5493005PYM1JS6EZN307 | Long             | DBT              | CORP              | US        |   7833891 | PA      | $156677.82    | 0.00%             | 2030-08-27      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| PARTY CITY HOLDINGS INC                                                         | Party City GUC Trust Escrow 0.0% 10-12-28                                                       | CUSIP: 702ESCAF1<br>LEI: 5493005PYM1JS6EZN307 | Long             | DBT              | CORP              | US        |     50000 | PA      | $0.00         | 0.00%             | 2028-10-12      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| MESQUITE ENERGY INC                                                             | SANCHEZ ENERGY CORP 144A LIFE SR SEC 1ST LIEN 7.25% 02-15-33                                    | CUSIP: 799ESCAK4<br>LEI: 549300SB0HTIM17TVR61 | Long             | DBT              | CORP              | US        |     27000 | PA      | $0.00         | 0.00%             | 2033-02-15      | Fixed         | 7.25%                 | Yes           |                  3 | On Loan: No      |
| TEXAS COMBINED TIRZ I LLC                                                       | TEXAS COMBINED TIRZ I LLC 144A LIFE SR SEC 1ST LIEN 0.0% 12-07-62                               | CUSIP: 881935AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3239441 | PA      | $3239440.84   | 0.02%             | 2062-12-07      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| TREEHOUSE PARK IMPROVEMENT ASSOCIATION NO 1                                     | TREEHOUSE PARK IMPROVEMENT ASSOCIATION NO 1 144A LIFE SR UNSEC SF 9.75% 12-01-33                | CUSIP: 89469TAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18025854 | PA      | $17304819.84  | 0.08%             | 2033-12-01      | Fixed         | 9.75%                 | Yes           |                  3 | On Loan: No      |
| VM FUND                                                                         | VM FUND I LLC 144A LIFE SR SEC 1ST LIEN SF 8.625% 01-15-28                                      | CUSIP: 91842WAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3790828 | PA      | $3790828.00   | 0.02%             | 2028-01-15      | Fixed         | 8.62%                 | Yes           |                  3 | On Loan: No      |
| VENATOR MATERIALS LLC                                                           | VENATOR MATERIAL LLC PIK TL 1ST LIEN (PRIME+400)(FLR 2.00) FRN 10-12-28                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1978659 | PA      | $626839.16    | 0.00%             | 2028-10-12      | Variable      | 13.64%                | No            |                  3 | On Loan: No      |
| AIMBRIDGE ACQUISITION CO INC                                                    | AIMBRIDGE ACQUISITION CO INC TL 1ST LIEN FIRST OUT (TSFR1M+561.448)(FLR 1.00) FRN 03-11-30      | CUSIP: 00900YAG1<br>LEI: 549300SPGKLVE9WYCQ20 | Long             | LON              | CORP              | US        |   4292083 | PA      | $4292083.44   | 0.02%             | 2030-03-11      | Variable      | 9.29%                 | No            |                  3 | On Loan: No      |
| AIMBRIDGE ACQUISITION CO INC                                                    | AIMBRIDGE ACQUISITION CO INC PIK TL 1ST LIEN SECOND OUT (TSFR1M+761.448)(FLR 1.00) FRN 03-11-30 | CUSIP: 00900YAH9<br>LEI: 549300SPGKLVE9WYCQ20 | Long             | LON              | CORP              | US        |   4116109 | PA      | $4116109.15   | 0.02%             | 2030-03-11      | Variable      | 5.29%                 | No            |                  3 | On Loan: No      |
| AM BIDCO OPERATIONS LLC                                                         | AM BIDCO OPERATIONS LLC PIK TL 1ST LIEN 8.5% 10-21-27                                           | CUSIP: 00169UAA8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4977033 | PA      | $3130553.51   | 0.01%             | 2027-10-21      | Fixed         | 8.50%                 | No            |                  3 | On Loan: No      |
| LIGADO NETWORKS LLC                                                             | LIGADO NETWORKS LLC TL 1ST LIEN PIK DIP (FUNDED) 17.50% 12-31-27                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    724841 | PA      | $724841.17    | 0.00%             | 2027-12-31      | Fixed         | 17.50%                | No            |                  3 | On Loan: No      |
| MERCURY AGGREGATOR LP                                                           | MERCURY AGGREGATOR LP PIK TL-2 1ST LIEN 19% 02-03-26/36                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      3197 | PA      | $0.00         | 0.00%             | 2036-02-03      | Variable      | 19.00%                | No            |                  3 | On Loan: No      |
| MERCURY AGGREGATOR LP                                                           | MERCURY AGGREGATOR LP PIK TL-1 1ST LIEN 19% 02-03-26/36                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      5935 | PA      | $0.00         | 0.00%             | 2036-02-03      | Variable      | 19.00%                | No            |                  3 | On Loan: No      |
| VENATOR MATERIALS LLC                                                           | VENATOR MATERIAL LLC PIK TL 1ST LIEN (PRIME+400) FRN 07-16-26                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1185447 | PA      | $375549.51    | 0.00%             | 2026-07-16      | Variable      | 7.00%                 | No            |                  3 | On Loan: No      |
| VENATOR MATERIALS LLC                                                           | VENATOR MATERIAL LLC PIK TL 1ST LIEN (TSFR3M+800)(FLR 1.00) FRN 07-16-26                        | CUSIP: L9632YAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1199306 | PA      | $379940.09    | 0.00%             | 2026-07-16      | Variable      | 12.39%                | No            |                  3 | On Loan: No      |
| LPL HOLDINGS INC                                                                | LPL HOLDINGS INC 144A LIFE SR UNSEC 4.0% 03-15-29                                               | CUSIP: 50212YAD6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |  12895000 | PA      | $12530999.94  | 0.06%             | 2029-03-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS II LLC                                                 | LCM INVESTMENTS HOLDINGS II LLC 144A LIFE SR UNSEC 4.875% 05-01-29                              | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |  13613000 | PA      | $13255127.84  | 0.06%             | 2029-05-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                                                | LPL HOLDINGS INC 144A LIFE SR UNSEC 4.375% 05-15-31                                             | CUSIP: 50212YAF1<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   5755000 | PA      | $5512075.70   | 0.03%             | 2031-05-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| OLEODUCTO CENTRAL SA (OCENSA)                                                   | OLEODUCTO CENTRAL SA REG S SR UNSEC 4.0% 07-14-27                                               | CUSIP: N/A<br>LEI: 254900W4CPYCQFVH5E92       | Long             | DBT              | CORP              | CO        |    950000 | PA      | $938063.25    | 0.00%             | 2027-07-14      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| OLEODUCTO CENTRAL SA (OCENSA)                                                   | OLEODUCTO CENTRAL SA 144A LIFE SR UNSEC 4.0% 07-14-27                                           | CUSIP: 680617AC1<br>LEI: 254900W4CPYCQFVH5E92 | Long             | DBT              | CORP              | CO        |   4310000 | PA      | $4255844.85   | 0.02%             | 2027-07-14      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                             | PETROLEOS MEXICANOS SR UNSEC SF 6.7% 02-16-32                                                   | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   3761000 | PA      | $3683937.11   | 0.02%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK_19-B13                                           | BMARK 2019-B13 A4 2.952% 08-15-57                                                               | CUSIP: 08162DAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     20000 | PA      | $18885.12     | 0.00%             | 2057-08-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| BANK 2019-BN23                                                                  | BANK 2019-BN23 C FRN 12-15-52                                                                   | CUSIP: 06541RBG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6761000 | PA      | $5793189.89   | 0.03%             | 2052-12-15      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| BANK BANK_20-BN25                                                               | BANK 2020-BN25 C FRN 01-15-63                                                                   | CUSIP: 06539WBG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6057000 | PA      | $5301195.43   | 0.02%             | 2063-01-15      | Variable      | 3.46%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR12                                                                | BANK5 2024-5YR12 B FRN 12-15-57                                                                 | CUSIP: 06644XBT2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5572000 | PA      | $5721374.18   | 0.03%             | 2057-12-15      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| BMARK 2024-V12                                                                  | BMARK 2024-V12 B FRN 12-15-57                                                                   | CUSIP: 081915AF7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2037324.00   | 0.01%             | 2057-12-15      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 5.5 MA5822 09-01-55                                                                   | CUSIP: 31418FPG6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  22178480 | PA      | $22297179.15  | 0.10%             | 2055-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 5.5 RQ0049 09-01-55                                                                   | CUSIP: 3142J6BT9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1130774 | PA      | $1137090.46   | 0.01%             | 2055-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 5.5 QY2321 05-01-55                                                                   | CUSIP: 31426LSK1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     84715 | PA      | $85188.05     | 0.00%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST GSMS_18-GS10                                       | GSMS 2018-GS10 AS FRN 07-10-51                                                                  | CUSIP: 36250SAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3870000 | PA      | $3800672.82   | 0.02%             | 2051-07-10      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| GSMS 2019-GC40                                                                  | GSMS 2019-GC40 C 3.946% 07-10-52                                                                | CUSIP: 36257HBV7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4224000 | PA      | $3488183.42   | 0.02%             | 2052-07-10      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORPORATION TRUST GSMS_24-70P                            | GSMS 2024-70P C 144A FRN 03-10-41                                                               | CUSIP: 36269JAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9123000 | PA      | $9200226.20   | 0.04%             | 2041-03-10      | Variable      | 6.29%                 | Yes           |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORPORATION TRUST GSMS_24-70P                            | GSMS 2024-70P D 144A FRN 03-10-41                                                               | CUSIP: 36269JAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13085000 | PA      | $13367478.98  | 0.06%             | 2041-03-10      | Variable      | 7.53%                 | Yes           |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORPORATION TRUST GSMS_24-70P                            | GSMS 2024-70P B 144A FRN 03-10-41                                                               | CUSIP: 36269JAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7102000 | PA      | $7161188.07   | 0.03%             | 2041-03-10      | Variable      | 5.89%                 | Yes           |                  2 | On Loan: No      |
| GWT 2024-WOLF                                                                   | GWT 2024-WOLF D 144A FRN 03-15-39                                                               | CUSIP: 39152MAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3713000 | PA      | $3728108.20   | 0.02%             | 2039-03-15      | Variable      | 6.56%                 | Yes           |                  2 | On Loan: No      |
| GWT 2024-WOLF                                                                   | GWT 2024-WOLF C 144A FRN 03-15-39                                                               | CUSIP: 39152MAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8954000 | PA      | $8982240.92   | 0.04%             | 2039-03-15      | Variable      | 6.06%                 | Yes           |                  2 | On Loan: No      |
| GSMBS 2025-RPL3                                                                 | GSMBS 2025-RPL3 A1 144A 4.1% 07-25-65                                                           | CUSIP: 362963AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  11442907 | PA      | $11123489.92  | 0.05%             | 2065-07-25      | Variable      | 4.10%                 | Yes           |                  2 | On Loan: No      |
| HILTON USA TRUST HILT_16-HHV                                                    | HILT 2016-HHV D 144A 4.1935% 11-05-38                                                           | CUSIP: 43300LAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1230000 | PA      | $1223585.55   | 0.01%             | 2038-11-05      | Fixed         | 4.19%                 | Yes           |                  2 | On Loan: No      |
| HTL 2024-T53                                                                    | HTL 2024-T53 D 144A FRN 05-10-39                                                                | CUSIP: 404300AG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7596000 | PA      | $7700528.56   | 0.04%             | 2039-05-10      | Variable      | 8.47%                 | Yes           |                  2 | On Loan: No      |
| HTL 2024-T53                                                                    | HTL 2024-T53 C 144A FRN 05-10-39                                                                | CUSIP: 404300AE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3052000 | PA      | $3081711.22   | 0.01%             | 2039-05-10      | Variable      | 7.32%                 | Yes           |                  2 | On Loan: No      |
| HILT 2024-ORL                                                                   | HILT 2024-ORL B 144A FRN 05-15-37                                                               | CUSIP: 403956AC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9680000 | PA      | $9687424.56   | 0.05%             | 2037-05-15      | Variable      | 5.61%                 | Yes           |                  2 | On Loan: No      |
| HILT 2024-ORL                                                                   | HILT 2024-ORL C 144A FRN 05-15-37                                                               | CUSIP: 403956AE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6424000 | PA      | $6430957.19   | 0.03%             | 2037-05-15      | Variable      | 6.11%                 | Yes           |                  2 | On Loan: No      |
| HY 2025-SPRL                                                                    | HY 2025-SPRL D 144A FRN 01-13-40                                                                | CUSIP: 44855PAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $513812.00    | 0.00%             | 2040-01-13      | Variable      | 6.55%                 | Yes           |                  2 | On Loan: No      |
| HY 2025-SPRL                                                                    | HY 2025-SPRL E 144A FRN 01-13-40                                                                | CUSIP: 44855PAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  25854000 | PA      | $26274489.46  | 0.12%             | 2040-01-13      | Variable      | 6.90%                 | Yes           |                  2 | On Loan: No      |
| HOUSTON GALLERIA MALL TRUST 2025-HGLR                                           | HGMT 2025-HGLR A 144A FRN 02-05-45                                                              | CUSIP: 44216XAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13022000 | PA      | $13331624.09  | 0.06%             | 2045-02-05      | Variable      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| HHT 2025-MAUI                                                                   | HHT 2025-MAUI E 144A FRN 03-15-42                                                               | CUSIP: 419909AJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12734000 | PA      | $12516796.16  | 0.06%             | 2042-03-15      | Variable      | 6.96%                 | Yes           |                  2 | On Loan: No      |
| HHT 2025-MAUI                                                                   | HHT 2025-MAUI C 144A FRN 03-15-42                                                               | CUSIP: 419909AE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1407000 | PA      | $1408650.41   | 0.01%             | 2042-03-15      | Variable      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| HHT 2025-MAUI                                                                   | HHT 2025-MAUI A 144A FRN 03-15-42                                                               | CUSIP: 419909AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3300000 | PA      | $3302069.10   | 0.02%             | 2042-03-15      | Variable      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| HHT 2025-MAUI                                                                   | HHT 2025-MAUI B 144A FRN 03-15-42                                                               | CUSIP: 419909AC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2343000 | PA      | $2345167.28   | 0.01%             | 2042-03-15      | Variable      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| HHT 2025-MAUI                                                                   | HHT 2025-MAUI D 144A FRN 03-15-42                                                               | CUSIP: 419909AG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  15623000 | PA      | $15647918.69  | 0.07%             | 2042-03-15      | Variable      | 6.26%                 | Yes           |                  2 | On Loan: No      |
| IHSFR 2024-SFR1                                                                 | IHSFR 2024-SFR1 E 144A 4.5% 09-17-41                                                            | CUSIP: 46188DAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $960800.00    | 0.00%             | 2041-09-17      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| INTOWN MORTGAGE TRUST TOWN_25-STAY                                              | TOWN 2025-STAY D 144A FRN 03-15-42                                                              | CUSIP: 46117WAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  23700000 | PA      | $23698862.40  | 0.11%             | 2042-03-15      | Variable      | 6.52%                 | Yes           |                  2 | On Loan: No      |
| INTOWN MORTGAGE TRUST TOWN_25-STAY                                              | TOWN 2025-STAY C 144A FRN 03-15-42                                                              | CUSIP: 46117WAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  15000000 | PA      | $15001665.00  | 0.07%             | 2042-03-15      | Variable      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST JPMCC_22-OPO               | JPMCC 2022-OPO C 144A FRN 01-05-39                                                              | CUSIP: 46655AAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    437000 | PA      | $358121.50    | 0.00%             | 2039-01-05      | Variable      | 3.56%                 | Yes           |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST JPMCC_22-OPO               | JPMCC 2022-OPO B 144A 3.3765% 01-05-39                                                          | CUSIP: 46655AAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1750000 | PA      | $1488156.25   | 0.01%             | 2039-01-05      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST JPMMT_24-CES1                                          | JPMMT 2024-CES1 M1 144A 6.596% 06-25-54                                                         | CUSIP: 46658CAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1578000 | PA      | $1590343.12   | 0.01%             | 2054-06-25      | Variable      | 6.60%                 | Yes           |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST JPMMT_24-CES1                                          | JPMMT 2024-CES1 A3 144A 6.397% 06-25-54                                                         | CUSIP: 46658CAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1945000 | PA      | $1961433.31   | 0.01%             | 2054-06-25      | Variable      | 6.40%                 | Yes           |                  2 | On Loan: No      |
| NY 2025-299P                                                                    | NY 2025-299P A 144A FRN 02-10-47                                                                | CUSIP: 62957FAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2519000 | PA      | $2615067.10   | 0.01%             | 2047-02-10      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| NY 2025-299P                                                                    | NY 2025-299P B 144A FRN 02-10-47                                                                | CUSIP: 62957FAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2383000 | PA      | $2450157.71   | 0.01%             | 2047-02-10      | Variable      | 6.13%                 | Yes           |                  2 | On Loan: No      |
| NYC COMMERCIAL MORTGAGE TRUST NYC_25-3BP                                        | NYC 2025-3BP D 144A FRN 02-15-42                                                                | CUSIP: 67120UAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5297000 | PA      | $5293223.24   | 0.02%             | 2042-02-15      | Variable      | 6.11%                 | Yes           |                  2 | On Loan: No      |
| NYC COMMERCIAL MORTGAGE TRUST NYC_25-3BP                                        | NYC 2025-3BP C 144A FRN 02-15-42                                                                | CUSIP: 67120UAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6755000 | PA      | $6739024.43   | 0.03%             | 2042-02-15      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| NZES 2025-FHT1                                                                  | NZES 2025-FHT1 A 144A 6.545% 03-25-32                                                           | CUSIP: 64832EAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  19292902 | PA      | $19391797.43  | 0.09%             | 2032-03-25      | Variable      | 6.54%                 | Yes           |                  2 | On Loan: No      |
| NYC 2025-28L                                                                    | NYC 2025-28L B 144A FRN 11-05-38                                                                | CUSIP: 67123JAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7445000 | PA      | $7444195.94   | 0.03%             | 2038-11-05      | Variable      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| NYC 2025-28L                                                                    | NYC 2025-28L D 144A FRN 11-05-38                                                                | CUSIP: 67123JAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  17168000 | PA      | $17153458.70  | 0.08%             | 2038-11-05      | Variable      | 6.42%                 | Yes           |                  2 | On Loan: No      |
| NYC 2025-28L                                                                    | NYC 2025-28L A 144A FRN 11-05-38                                                                | CUSIP: 67123JAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8095000 | PA      | $8066230.37   | 0.04%             | 2038-11-05      | Variable      | 4.82%                 | Yes           |                  2 | On Loan: No      |
| ONE MARKET PLAZA TRUST OMPT_17-1MKT                                             | OMPT 2017-1MKT A 144A 3.6139% 02-10-32                                                          | CUSIP: 68245HAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3444792 | PA      | $3320190.08   | 0.02%             | 2032-02-10      | Fixed         | 3.61%                 | Yes           |                  2 | On Loan: No      |
| FCBSL 2023-3A                                                                   | FCBSL 2023-3A CR CLO 144A FRN 01-23-37                                                          | CUSIP: 349936AQ7<br>LEI: 254900X7ZBICC3O69729 | Long             | ABS-O            | CORP              | JE        |   2324000 | PA      | $2312008.16   | 0.01%             | 2037-01-23      | Variable      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST SMB_22-A                                       | SMB 2022-A D 144A 4.75% 11-16-54                                                                | CUSIP: 78450FAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    774264 | PA      | $739441.06    | 0.00%             | 2054-11-16      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC SORT_22-1                                               | SORT 2022-1A A1 144A 5.97% 08-15-62                                                             | CUSIP: 12530MAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13725546 | PA      | $13743320.90  | 0.06%             | 2062-08-15      | Fixed         | 5.97%                 | Yes           |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST SMB_22-D                                       | SMB 2022-D D 144A 7.23% 10-15-58                                                                | CUSIP: 78454XAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10401018 | PA      | $10602173.33  | 0.05%             | 2058-10-15      | Fixed         | 7.23%                 | Yes           |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST SMB_22-B                                       | SMB 2022-B D 144A 5.95% 02-16-55                                                                | CUSIP: 83206NAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5891997 | PA      | $5926600.21   | 0.03%             | 2055-02-16      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST SMB_21-A                                       | SMB 2021-A D1 144A 3.86% 01-15-53                                                               | CUSIP: 78448YAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3094267 | PA      | $2800961.01   | 0.01%             | 2053-01-15      | Fixed         | 3.86%                 | Yes           |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST SMB_21-A                                       | SMB 2021-A D2 144A 3.86% 01-15-53                                                               | CUSIP: 78448YAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3878843 | PA      | $3520193.53   | 0.02%             | 2053-01-15      | Fixed         | 3.86%                 | Yes           |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST SMB_23-B                                       | SMB 2023-B D 144A 7.56% 10-16-56                                                                | CUSIP: 78449HAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20325000 | PA      | $20973164.25  | 0.10%             | 2056-10-16      | Fixed         | 7.56%                 | Yes           |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST SMB_23-D                                       | SMB 2023-D D 144A 8.87% 09-15-53                                                                | CUSIP: 78450PAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10604000 | PA      | $11367859.14  | 0.05%             | 2053-09-15      | Fixed         | 8.87%                 | Yes           |                  2 | On Loan: No      |
| SMB 2024-A                                                                      | SMB 2024-A D 144A 8.22% 03-15-56                                                                | CUSIP: 831943AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  29616000 | PA      | $31281218.83  | 0.15%             | 2056-03-15      | Fixed         | 8.22%                 | Yes           |                  2 | On Loan: No      |
| SCF EQUIPMENT TRUST LLC SCFET_25-1                                              | SCFET 2025-1A D 144A 5.88% 11-20-35                                                             | CUSIP: 78437DAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    996000 | PA      | $1020669.92   | 0.00%             | 2035-11-20      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| STEELE CREEK CLO LTD STCR_19-2A                                                 | STCR 2019-2A DR CLO 144A FRN 07-15-32                                                           | CUSIP: 85817EBA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8918000 | PA      | $8719574.50   | 0.04%             | 2032-07-15      | Variable      | 6.47%                 | Yes           |                  2 | On Loan: No      |
| STEELE CREEK CLO LTD STCR_19-2A                                                 | STCR 2019-2A CRR CLO 144A FRN 07-15-32                                                          | CUSIP: 85817EAY9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12807000 | PA      | $12769091.28  | 0.06%             | 2032-07-15      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| SMB 2025-B                                                                      | SMB 2025-B D 144A 6.63% 03-17-53                                                                | CUSIP: 83208BAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4801000 | PA      | $4821793.13   | 0.02%             | 2053-03-17      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| SMB 2025-B                                                                      | SMB 2025-B C 144A 5.49% 03-17-53                                                                | CUSIP: 83208BAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2255000 | PA      | $2242813.98   | 0.01%             | 2053-03-17      | Fixed         | 5.49%                 | Yes           |                  2 | On Loan: No      |
| SEACO 2025-1H                                                                   | SEACO 2025-1H B 144A 7.848% 09-20-45                                                            | CUSIP: 37893FAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8478880 | PA      | $8459209.00   | 0.04%             | 2045-09-20      | Fixed         | 7.85%                 | Yes           |                  2 | On Loan: No      |
| SEACO 2025-1H                                                                   | SEACO 2025-1H A 144A 6.169% 09-20-45                                                            | CUSIP: 37893FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  26383322 | PA      | $26314830.59  | 0.12%             | 2045-09-20      | Fixed         | 6.17%                 | Yes           |                  2 | On Loan: No      |
| SCFET 2025-2A                                                                   | SCFET 2025-2A C 144A 4.82% 06-20-36                                                             | CUSIP: 78439XAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2676000 | PA      | $2657396.45   | 0.01%             | 2036-06-20      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| SCFET 2025-2A                                                                   | SCFET 2025-2A D 144A 5.33% 06-20-36                                                             | CUSIP: 78439XAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1811000 | PA      | $1797881.12   | 0.01%             | 2036-06-20      | Fixed         | 5.33%                 | Yes           |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                                | BAT CAPITAL CORP SR UNSEC 5.834% 02-20-31                                                       | CUSIP: 05526DBY0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   1084000 | PA      | $1134724.70   | 0.01%             | 2031-02-20      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                                | BAT CAPITAL CORP SR UNSEC 6.0% 02-20-34                                                         | CUSIP: 05526DBZ7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |  10840000 | PA      | $11461684.84  | 0.05%             | 2034-02-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                             | PETROLEOS MEXICANOS SR UNSEC SF 8.75% 06-02-29                                                  | CUSIP: 71654QDL3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   9605500 | PA      | $10103573.99  | 0.05%             | 2029-06-02      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                             | PETROLEOS MEXICANOS SR UNSEC 6.35% 02-12-48                                                     | CUSIP: 71654QCL4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    582000 | PA      | $445761.95    | 0.00%             | 2048-02-12      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| POWER FINANCE CORP LTD                                                          | POWER FINANCE CORP LTD REG S SR UNSEC 6.15% 12-06-28                                            | CUSIP: 73928RAA4<br>LEI: 3358003Q6D9LIJJZ1614 | Long             | DBT              | CORP              | IN        |   1200000 | PA      | $1243713.60   | 0.01%             | 2028-12-06      | Fixed         | 6.15%                 | Yes           |                  2 | On Loan: No      |
| POWER FINANCE CORP LTD                                                          | POWER FINANCE CORP LTD REG S SR UNSEC 3.9% 09-16-29                                             | CUSIP: N/A<br>LEI: 3358003Q6D9LIJJZ1614       | Long             | DBT              | CORP              | IN        |   2700000 | PA      | $2618991.90   | 0.01%             | 2029-09-16      | Fixed         | 3.90%                 | Yes           |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC AND GAS COMPANY                                         | PUBLIC SERVICE ELECTRIC AND GAS CO SR SEC 1ST LIEN 5.625% 01-01-56                              | CUSIP: 74456QCY0<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |   8700000 | PA      | $8567133.60   | 0.04%             | 2056-01-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                                                      | PACIFICORP SUB (H) 7.125% 08-15-56/31                                                           | CUSIP: 695114DG0<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1889968.00   | 0.01%             | 2056-08-15      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP INC                                                      | PERFORMANCE FOOD GROUP INC 144A LIFE SR UNSEC 5.625% 03-01-34                                   | CUSIP: 71376LAH3<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   2135000 | PA      | $2061549.60   | 0.01%             | 2034-03-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| PG&E CORP                                                                       | PG&E CORP SUB (H) 6.85% 09-15-56/31                                                             | CUSIP: 69331CAN8<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |  26200000 | PA      | $25900350.60  | 0.12%             | 2056-09-15      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                     | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 5.2% 05-01-36                                       | CUSIP: 694308LA3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   7350000 | PA      | $7166286.75   | 0.03%             | 2036-05-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                                                      | PACIFICORP SR SEC 1ST LIEN 5.8% 04-15-36                                                        | CUSIP: 695114DQ8<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |  16819000 | PA      | $16960700.08  | 0.08%             | 2036-04-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                                                            | PETRONAS CAPITAL LTD REG S SR UNSEC 3.5% 04-21-30                                               | CUSIP: N/A<br>LEI: 549300G7YFX3540OYR85       | Long             | DBT              | CORP              | MY        |   9390000 | PA      | $9054833.34   | 0.04%             | 2030-04-21      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                                                            | PETRONAS CAPITAL LTD 144A LIFE SR UNSEC 3.5% 04-21-30                                           | CUSIP: 716743AP4<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |   1300000 | PA      | $1253597.80   | 0.01%             | 2030-04-21      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                                                            | PETRONAS CAPITAL LTD 144A LIFE SR UNSEC 4.55% 04-21-50                                          | CUSIP: 716743AR0<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |    800000 | PA      | $688600.00    | 0.00%             | 2050-04-21      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                             | PETROLEOS MEXICANOS SR UNSEC 6.84% 01-23-30                                                     | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |  19000000 | PA      | $19053827.00  | 0.09%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                             | PETROLEOS MEXICANOS SR UNSEC 5.95% 01-28-31                                                     | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |  16100000 | PA      | $15405252.80  | 0.07%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                             | PETROLEOS MEXICANOS SR UNSEC 7.69% 01-23-50                                                     | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   3705000 | PA      | $3210838.22   | 0.02%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                             | PETROLEOS MEXICANOS SR UNSEC 6.95% 01-28-60                                                     | CUSIP: 71654QDF6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   8653000 | PA      | $6825140.28   | 0.03%             | 2060-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| BANK NEGARA INDONESIA PERSERO TBK PT                                            | BANK NEGARA INDONESIA PERSERO TBK PT PRP REG S SUB (H) 4.3% 12-31-79/03-24-27                   | CUSIP: N/A<br>LEI: 549300HZ8J3MLVXQ8F85       | Long             | DBT              | CORP              | ID        |  12390000 | PA      | $11973943.80  | 0.06%             | 2079-12-31      | Variable      | 4.30%                 | Yes           |                  2 | On Loan: No      |
| CHILE (REPUBLIC OF)                                                             | CHILE GOVERNMENT INTERNATIONAL BOND 4.35% 04-13-31                                              | CUSIP: 168863EF1<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   1670000 | PA      | $1639439.00   | 0.01%             | 2031-04-13      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                                     | ROYAL CARIBBEAN CRUISES LTD SR UNSEC 5.25% 02-27-38                                             | CUSIP: 78017TAD5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | US        |  34735000 | PA      | $33058237.35  | 0.16%             | 2038-02-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORP                                                    | SIX FLAGS ENTERTAINMENT CORP 144A LIFE SR UNSEC 8.625% 01-15-32                                 | CUSIP: 83003AAA8<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |   2090000 | PA      | $2094802.82   | 0.01%             | 2032-01-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| NEW ECONOMY ASSETS - PHASE I ISSUER LLC USRE_21-1                               | USRE 2021-1 A1 144A 1.91% 10-20-61                                                              | CUSIP: 643821AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5653000 | PA      | $4756157.20   | 0.02%             | 2061-10-20      | Fixed         | 1.91%                 | Yes           |                  2 | On Loan: No      |
| UACST 2024-1                                                                    | UACST 2024-1 D 144A 8.3% 11-12-29                                                               | CUSIP: 90945DAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10645000 | PA      | $10792997.44  | 0.05%             | 2029-11-12      | Fixed         | 8.30%                 | Yes           |                  2 | On Loan: No      |
| VIBR 2018-9RA                                                                   | VIBR 2018-9RA C1 CLO 144A FRN 04-20-37                                                          | CUSIP: 92557BAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   3804000 | PA      | $3774366.84   | 0.02%             | 2037-04-20      | Variable      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                                                            | SAUDI ARABIAN OIL CO 144A LIFE SR UNSEC 4.375% 02-02-31                                         | CUSIP: 80415RAA9<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |   2206000 | PA      | $2146003.42   | 0.01%             | 2031-02-02      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                                                            | SAUDI ARABIAN OIL CO 144A LIFE SR UNSEC 5.0% 02-02-36                                           | CUSIP: 80415RAC5<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    733000 | PA      | $705385.69    | 0.00%             | 2036-02-02      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                                   | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 4.8% 03-15-33                                     | CUSIP: 842400JL8<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |  24160000 | PA      | $23739398.56  | 0.11%             | 2033-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                             | SIRIUS XM RADIO LLC 144A LIFE SR UNSEC 5.875% 04-15-32                                          | CUSIP: 82966BAA3<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   7340000 | PA      | $7298602.40   | 0.03%             | 2032-04-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                                                       | SUNOCO LP 144A LIFE SR UNSEC 5.375% 07-15-31                                                    | CUSIP: 86765KAM1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |  12420000 | PA      | $12329222.22  | 0.06%             | 2031-07-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                                                       | SUNOCO LP 144A LIFE SR UNSEC 5.625% 07-15-34                                                    | CUSIP: 86765KAN9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |  12280000 | PA      | $12100662.88  | 0.06%             | 2034-07-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| SM ENERGY CO                                                                    | SM ENERGY CO 144A LIFE SR UNSEC 6.625% 04-15-34                                                 | CUSIP: 78454LAZ3<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   6410000 | PA      | $6397019.75   | 0.03%             | 2034-04-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| TOTALENERGIES CAPITAL USA LLC                                                   | TOTALENERGIES CAPITAL USA LLC SR UNSEC 4.248% 01-13-31                                          | CUSIP: 89158TAA7<br>LEI: 9845000979865101C194 | Long             | DBT              | CORP              | US        |   7433000 | PA      | $7366601.01   | 0.03%             | 2031-01-13      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| INDUSTRIAL F&B INVESTMENTS III INC                                              | INDUSTRIAL F&B INVESTMENTS III INC 144A LIFE SR SEC 1ST LIEN 7.75% 02-11-33                     | CUSIP: 456142AA6<br>LEI: 254900VSX7CEW7CNTO51 | Long             | DBT              | CORP              | US        |  20055000 | PA      | $20280678.92  | 0.10%             | 2033-02-11      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC INC                                                    | THERMO FISHER SCIENTIFIC INC SR UNSEC 4.902% 02-12-36                                           | CUSIP: 883556DJ8<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |   4889000 | PA      | $4856165.48   | 0.02%             | 2036-02-12      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                          | UNITEDHEALTH GROUP INC SR UNSEC 2.9% 05-15-50                                                   | CUSIP: 91324PDZ2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |  10518000 | PA      | $6553492.33   | 0.03%             | 2050-05-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| UNION ELECTRIC CO                                                               | UNION ELECTRIC CO SR SEC 1ST LIEN 2.625% 03-15-51                                               | CUSIP: 906548CS9<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |   1820000 | PA      | $1078155.26   | 0.01%             | 2051-03-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC INC                                                    | THERMO FISHER SCIENTIFIC INC SR UNSEC 4.55% 06-15-33                                            | CUSIP: 883556DH2<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |   1603000 | PA      | $1584384.36   | 0.01%             | 2033-06-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| KENYA (REPUBLIC OF)                                                             | REPUBLIC OF KENYA GOVERNMENT INTERNATIONAL BOND REG S 8.25% 02-28-48                            | CUSIP: N/A<br>LEI: 549300VVURQQYU45PR87       | Long             | DBT              | NUSS              | KE        |    200000 | PA      | $174370.80    | 0.00%             | 2048-02-28      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| UNITED NATURAL FOODS INC                                                        | UNITED NATURAL FOODS INC 144A LIFE SR UNSEC 6.75% 10-15-28                                      | CUSIP: 911163AA1<br>LEI: 549300GKGW6WPZ282D40 | Long             | DBT              | CORP              | US        |   4673000 | PA      | $4681004.85   | 0.02%             | 2028-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| UBS GROUP AG                                                                    | UBS GROUP AG 144A LIFE SR UNSEC 2.095% 02-11-32/31                                              | CUSIP: 902613AE8<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2672000 | PA      | $2354908.42   | 0.01%             | 2032-02-11      | Variable      | 2.10%                 | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                                    | UNIVISION COMMUNICATIONS INC 144A LIFE SR SEC 1ST LIEN 4.5% 05-01-29                            | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |  47099000 | PA      | $44282809.49  | 0.21%             | 2029-05-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                          | UNITEDHEALTH GROUP INC SR UNSEC 3.25% 05-15-51                                                  | CUSIP: 91324PEF5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    221000 | PA      | $145752.37    | 0.00%             | 2051-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-C                                     | MLANE 2025-C C 144A 5.23% 12-15-30                                                              | CUSIP: 60510MCC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4503000 | PA      | $4498447.47   | 0.02%             | 2030-12-16      | Fixed         | 5.37%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-A                                     | MLANE 2025-A D 144A 8.89% 05-15-30                                                              | CUSIP: 60510MBN7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $3959112.00   | 0.02%             | 2030-05-15      | Fixed         | 8.89%                 | Yes           |                  2 | On Loan: No      |
| HOME DEPOT INC                                                                  | HOME DEPOT INC SR UNSEC 3.125% 12-15-49                                                         | CUSIP: 437076BZ4<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    135000 | PA      | $89518.64     | 0.00%             | 2049-12-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                                                          | HARVEST MIDSTREAM I LP 144A SR UNSEC 7.5% 09-01-28                                              | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |  11520000 | PA      | $11638091.52  | 0.05%             | 2028-09-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC                                           | HILTON DOMESTIC OPERATING CO INC 144A LIFE SR UNSEC 4.0% 05-01-31                               | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |  12385000 | PA      | $11633589.67  | 0.05%             | 2031-05-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| ACCENDRA HEALTH INC                                                             | ACCENDRA HEALTH INC 144A LIFE SR UNSEC 4.5% 03-31-29                                            | CUSIP: 690732AF9<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |  33379000 | PA      | $20182812.62  | 0.09%             | 2029-03-31      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| ORGANON & CO                                                                    | ORGANON & CO 144A LIFE SR SEC 1ST LIEN 4.125% 04-30-28                                          | CUSIP: 68622TAA9<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14563995.00  | 0.07%             | 2028-04-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                                            | CHARTER COMMUNICATIONS OPERATING LLC SR SEC 1ST LIEN 6.1% 06-01-29                              | CUSIP: 161175CQ5<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   2197000 | PA      | $2276219.43   | 0.01%             | 2029-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                                                    | COMCAST CORP SR UNSEC 5.65% 06-01-54                                                            | CUSIP: 20030NEK3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   6245000 | PA      | $5759413.78   | 0.03%             | 2054-06-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS (NORTH AMERICA) INC                                              | UNITED RENTALS NORTH AMERICA INC SR UNSEC 3.75% 01-15-32                                        | CUSIP: 911365BP8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   4450000 | PA      | $4084089.85   | 0.02%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                                              | UNION PACIFIC CORP SR UNSEC 2.95% 03-10-52                                                      | CUSIP: 907818FW3<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   5608000 | PA      | $3501455.74   | 0.02%             | 2052-03-10      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| SENEGAL (REPUBLIC OF)                                                           | SENEGAL GOVERNMENT INTERNATIONAL BOND EUR 144A LIFE SF 4.75% 03-13-28                           | CUSIP: N/A<br>LEI: 549300NP14ZLQGWIUZ97       | Long             | DBT              | NUSS              | SN        |   1000000 | PA      | $728452.52    | 0.00%             | 2028-03-13      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| SENEGAL (REPUBLIC OF)                                                           | SENEGAL GOVERNMENT INTERNATIONAL BOND EUR REG S SF 4.75% 03-13-28                               | CUSIP: N/A<br>LEI: 549300NP14ZLQGWIUZ97       | Long             | DBT              | NUSS              | SN        |   4903333 | PA      | $3571845.47   | 0.02%             | 2028-03-13      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                        | TOYOTA MOTOR CREDIT CORP SR UNSEC 1.9% 01-13-27                                                 | CUSIP: 89236TJV8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   5295000 | PA      | $5204264.88   | 0.02%             | 2027-01-13      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| TURKEY (REPUBLIC OF)                                                            | TURKIYE GOVERNMENT INTERNATIONAL BOND 4.875% 04-16-43                                           | CUSIP: 900123CB4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |  27295000 | PA      | $19218709.75  | 0.09%             | 2043-04-16      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                            | ONEMAIN FINANCE CORP SR UNSEC 3.875% 09-15-28                                                   | CUSIP: 682691AC4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $11888637.50  | 0.06%             | 2028-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                                          | WESCO DISTRIBUTION INC 144A LIFE SR UNSEC 5.25% 04-15-31                                        | CUSIP: 95081QAT1<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2541154.05   | 0.01%             | 2031-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| DIEBOLD NIXDORF INC                                                             | DIEBOLD NIXDORF INC (NEW)                                                                       | CUSIP: 253651202<br>LEI: 549300XZK6EWDBAZSY16 | Long             | EC               | CORP              | US        |    419100 | NS      | $31616904.00  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARLES RIVER LABORATORIES INTERNATIONAL INC                                    | CHARLES RIVER LABORATORIES INTERNATIONAL INC 144A LIFE SR UNSEC 4.25% 05-01-28                  | CUSIP: 159864AE7<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |   3503000 | PA      | $3426329.84   | 0.02%             | 2028-05-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC                                                                   | CITIGROUP INC SR UNSEC 2.976% 11-05-30/29                                                       | CUSIP: 17308CC53<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1172000 | PA      | $1107225.90   | 0.01%             | 2030-11-05      | Variable      | 2.98%                 | No            |                  2 | On Loan: No      |
| CHILE (REPUBLIC OF)                                                             | CHILE GOVERNMENT INTERNATIONAL BOND 3.1% 05-07-41                                               | CUSIP: 168863DS4<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |  10485000 | PA      | $7967132.10   | 0.04%             | 2041-05-07      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| COLOMBIA (REPUBLIC OF)                                                          | COLOMBIA GOVERNMENT INTERNATIONAL BOND 7.5% 02-02-34                                            | CUSIP: 195325EG6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  11059000 | PA      | $11331383.17  | 0.05%             | 2034-02-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA                                                           | MINERVA LUXEMBOURG SA 144A LIFE SR UNSEC 8.875% 09-13-33                                        | CUSIP: 603374AH2<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |  12480000 | PA      | $13344801.60  | 0.06%             | 2033-09-13      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA                                                           | MINERVA LUXEMBOURG SA REG S SR UNSEC 8.875% 09-13-33                                            | CUSIP: N/A<br>LEI: 222100NM3G3RCPGZ2Z17       | Long             | DBT              | CORP              | LU        |   4715000 | PA      | $5041725.93   | 0.02%             | 2033-09-13      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| ROMANIA (REPUBLIC OF)                                                           | ROMANIAN GOVERNMENT INTERNATIONAL BOND EUR 144A LIFE 5.375% 03-22-31                            | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |  17525000 | PA      | $20467544.28  | 0.10%             | 2031-03-22      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE SA                                                         | RAIZEN FUELS FINANCE SA REG S SR UNSEC 6.45% 03-05-34                                           | CUSIP: N/A<br>LEI: 52990010NH26VC32Q522       | Long             | DBT              | CORP              | LU        |   3134000 | PA      | $1725658.75   | 0.01%             | 2034-03-05      | Fixed         | 6.45%                 | Yes           |                  2 | On Loan: No      |
| MCAS_19-01                                                                      | MCAS 2019-01 M10 144A FRN 10-25-49                                                              | CUSIP: 62547NAB5<br>LEI: 549300HG8ZEWVWVSN227 | Long             | ABS-CBDO         | CORP              | US        |   1010239 | PA      | $1026682.54   | 0.00%             | 2049-10-25      | Variable      | 7.03%                 | Yes           |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST NSLT_21-C                                             | NSLT 2021-CA D 144A 4.44% 04-20-62                                                              | CUSIP: 64035GAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1889000 | PA      | $1686455.75   | 0.01%             | 2062-04-20      | Fixed         | 4.44%                 | Yes           |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                     | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 4.55% 07-01-30                                      | CUSIP: 694308JM0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |  16876000 | PA      | $16653236.80  | 0.08%             | 2030-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                     | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 4.95% 07-01-50                                      | CUSIP: 694308JN8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |  34318000 | PA      | $28449587.68  | 0.13%             | 2050-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CPS 2025-D                                                                      | CPS 2025-D D 144A 5.45% 02-17-32                                                                | CUSIP: 223936AD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2485000 | PA      | $2506746.24   | 0.01%             | 2032-02-17      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| CEFI 2025-1A                                                                    | CEFI 2025-1A A 144A 4.83% 05-15-31                                                              | CUSIP: 20166TAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6030690 | PA      | $6037106.74   | 0.03%             | 2031-05-15      | Fixed         | 4.83%                 | Yes           |                  2 | On Loan: No      |
| META PLATFORMS INC                                                              | META PLATFORMS INC SR UNSEC 5.75% 11-15-65                                                      | CUSIP: 30303M8Y1<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |  14790000 | PA      | $13747793.07  | 0.06%             | 2065-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| STRATEGY INC                                                                    | MICROSTRATEGY INCORPORATED 0.0% 12-01-29                                                        | CUSIP: 594972AS0<br>LEI: 549300WQTWEJUEHXQX21 | Long             | DBT              | CORP              | US        |  34839000 | PA      | $29003467.50  | 0.14%             | 2029-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                                    | US FOODS INC 144A LIFE SR UNSEC 4.625% 06-01-30                                                 | CUSIP: 90290MAE1<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   7920000 | PA      | $7718158.80   | 0.04%             | 2030-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                                              | UNION PACIFIC CORP SR UNSEC 2.8% 02-14-32                                                       | CUSIP: 907818FX1<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   8904000 | PA      | $8100547.56   | 0.04%             | 2032-02-14      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC                                                         | NEW FORTRESS ENERGY INC CL A (DRS)                                                              | CUSIP: 644393100<br>LEI: 254900EICTYTCHA5X705 | Long             | EC               | CORP              | US        |    343097 | NS      | $202427.23    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING (AESOP) LLC AESOP_21-1                           | AESOP 2021-1A D 144A 3.71% 08-20-27                                                             | CUSIP: 05377REL4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6666667 | PA      | $6637339.97   | 0.03%             | 2027-08-20      | Fixed         | 3.71%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                                                            | PARAGUAY GOVERNMENT INTERNATIONAL BOND REG S SF 2.739% 01-29-33                                 | CUSIP: N/A<br>LEI: 529900UXKJTJPCU0HK83       | Long             | DBT              | NUSS              | PY        |   6775000 | PA      | $5967081.25   | 0.03%             | 2033-01-29      | Fixed         | 2.74%                 | Yes           |                  2 | On Loan: No      |
| PERU (REPUBLIC OF)                                                              | PERUVIAN GOVERNMENT INTERNATIONAL BOND 3.55% 03-10-51                                           | CUSIP: 715638DT6<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |   1200000 | PA      | $815610.00    | 0.00%             | 2051-03-10      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING (AESOP) LLC AESOP_21-1                           | AESOP 2021-1A C 144A 2.13% 08-20-27                                                             | CUSIP: 05377REK6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    459167 | PA      | $456856.59    | 0.00%             | 2027-08-20      | Fixed         | 2.13%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_23-3                                       | AESOP 2023-3A C 144A 7.05% 02-22-28                                                             | CUSIP: 05377RGW8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9063000 | PA      | $9177220.99   | 0.04%             | 2028-02-22      | Fixed         | 7.05%                 | Yes           |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FINANCE BV                                                    | TRIVIUM PACKAGING FINANCE BV 144A LIFE SR SEC 1ST LIEN 8.25% 07-15-30                           | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |   1485000 | PA      | $1554873.71   | 0.01%             | 2030-07-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FINANCE BV                                                    | TRIVIUM PACKAGING FINANCE BV 144A LIFE SR SEC 2ND LIEN 12.25% 01-15-31                          | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |   4450000 | PA      | $4821526.05   | 0.02%             | 2031-01-15      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                                          | WESCO DISTRIBUTION INC 144A LIFE SR UNSEC 5.5% 04-15-34                                         | CUSIP: 95081QAU8<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   4015000 | PA      | $3964206.24   | 0.02%             | 2034-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| WASTE CONNECTIONS INC                                                           | WASTE CONNECTIONS INC SR UNSEC 4.8% 07-15-36                                                    | CUSIP: 94106BAK7<br>LEI: 549300HDLRTPBQU69P29 | Long             | DBT              | CORP              | CA        |  21748000 | PA      | $21316171.71  | 0.10%             | 2036-07-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| PERU (REPUBLIC OF)                                                              | PERUVIAN GOVERNMENT INTERNATIONAL BOND SF 6.55% 03-14-37                                        | CUSIP: 715638AU6<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |   9195000 | PA      | $9951288.75   | 0.05%             | 2037-03-14      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| PERU (REPUBLIC OF)                                                              | PERUVIAN GOVERNMENT INTERNATIONAL BOND 8.75% 11-21-33                                           | CUSIP: 715638AP7<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |   2000000 | PA      | $2422400.00   | 0.01%             | 2033-11-21      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS INC                                                          | ADVANCE AUTO PARTS INC 144A LIFE SR UNSEC 7.375% 08-01-33                                       | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |  28980000 | PA      | $29376011.70  | 0.14%             | 2033-08-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                                                | ALTRIA GROUP INC SR UNSEC 5.25% 08-06-35                                                        | CUSIP: 02209SBV4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1046714.55   | 0.00%             | 2035-08-06      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AVCCT 2024-2A                                                                   | AVCCT 2024-2A C 144A 6.41% 05-15-29                                                             | CUSIP: 05351KAM1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18390000 | PA      | $18382478.49  | 0.09%             | 2029-05-15      | Fixed         | 6.41%                 | Yes           |                  2 | On Loan: No      |
| AVCCT 2024-2A                                                                   | AVCCT 2024-2A E 144A 13.41% 05-15-29                                                            | CUSIP: 05351KAP4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14800000 | PA      | $14998571.60  | 0.07%             | 2029-05-15      | Fixed         | 13.41%                | Yes           |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-28                                              | CUSIP: 74526QVC3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    460000 | PA      | $305900.00    | 0.00%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 4.75% 07-01-27                                             | CUSIP: 74526QWX6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    485000 | PA      | $322525.00    | 0.00%             | 2027-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| IRB INFRASTRUCTURE DEVELOPERS LTD                                               | IRB INFRASTRUCTURE DEVELOPERS LTD 144A LIFE SR SEC 1ST LIEN SF 7.11% 03-11-32                   | CUSIP: 449881AA9<br>LEI: 335800XGO3AITGW6AK27 | Long             | DBT              | CORP              | IN        |  10450000 | PA      | $10497328.05  | 0.05%             | 2032-03-11      | Fixed         | 7.11%                 | Yes           |                  2 | On Loan: No      |
| IMPERIAL BRANDS FINANCE PLC                                                     | IMPERIAL BRANDS FINANCE PLC 144A LIFE SR UNSEC 5.875% 07-01-34                                  | CUSIP: 45262BAH6<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |  19816000 | PA      | $20390426.21  | 0.10%             | 2034-07-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| STUDIO CITY FINANCE LTD                                                         | STUDIO CITY FINANCE LTD REG S SR UNSEC 5.0% 01-15-29                                            | CUSIP: N/A<br>LEI: 254900D6R731QAUIG324       | Long             | DBT              | CORP              | HK        |   1965000 | PA      | $1844295.95   | 0.01%             | 2029-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| SUPERIOR PLUS LP                                                                | SUPERIOR PLUS LP 144A LIFE SR UNSEC 4.5% 03-15-29                                               | CUSIP: 86828LAC6<br>LEI: 549300K5Y13GU6TPZJ49 | Long             | DBT              | CORP              | CA        |   5128000 | PA      | $4905726.84   | 0.02%             | 2029-03-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-C                                     | MLANE 2025-C F 144A 10.55% 12-16-30                                                             | CUSIP: 60510MCF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6157000 | PA      | $6045465.95   | 0.03%             | 2030-12-16      | Fixed         | 10.55%                | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-C                                     | MLANE 2025-C D 144A 5.71% 12-16-30                                                              | CUSIP: 60510MCD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3021000 | PA      | $3002432.93   | 0.01%             | 2030-12-16      | Fixed         | 5.71%                 | Yes           |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                                             | AVANTOR FUNDING INC 144A LIFE SR UNSEC 3.875% 11-01-29                                          | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |  13685000 | PA      | $12849229.68  | 0.06%             | 2029-11-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                               | ALLIANT HOLDINGS INTERMEDIATE LLC 144A LIFE SR UNSEC 5.875% 11-01-29                            | CUSIP: 01883LAD5<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |  13555000 | PA      | $13126038.47  | 0.06%             | 2029-11-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| TMCL 2025-1H                                                                    | TMCL 2025-1H B 144A 8.06% 07-23-50                                                              | CUSIP: 87257FAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9038341 | PA      | $9030053.16   | 0.04%             | 2050-07-23      | Fixed         | 8.06%                 | Yes           |                  2 | On Loan: No      |
| TRINITAS CLO LTD TRNTS_20-12                                                    | TRNTS 2020-12A B1R2 CLO 144A FRN 04-25-33                                                       | CUSIP: 89641GBA9<br>LEI: 254900G1XMKSN9WBVL66 | Long             | ABS-O            | CORP              | US        |   8127000 | PA      | $8108470.44   | 0.04%             | 2033-04-25      | Variable      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| APOLLO AVIATION SECURITIZATION EQUITY TRUST AASET_25-1                          | AASET 2025-1A A 144A 5.943% 02-16-50                                                            | CUSIP: 00258PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4133175 | PA      | $4166170.53   | 0.02%             | 2050-02-16      | Fixed         | 5.94%                 | Yes           |                  2 | On Loan: No      |
| APOLLO AVIATION SECURITIZATION EQUITY TRUST AASET_25-1                          | AASET 2025-1A B 144A 6.576% 02-16-50                                                            | CUSIP: 00258PAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1970611 | PA      | $1986368.34   | 0.01%             | 2050-02-16      | Fixed         | 6.58%                 | Yes           |                  2 | On Loan: No      |
| SEACO_20-1                                                                      | SEACO 2020-1A B 144A 3.55% 10-17-40                                                             | CUSIP: 37959PAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    197763 | PA      | $190950.46    | 0.00%             | 2040-10-17      | Fixed         | 3.55%                 | Yes           |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST SMB_21-A                                       | SMB 2021-A APT2 144A 1.07% 01-15-53                                                             | CUSIP: 78448YAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    183492 | PA      | $168114.81    | 0.00%             | 2053-01-15      | Fixed         | 1.07%                 | Yes           |                  2 | On Loan: No      |
| GGP RETAIL LLC                                                                  | BROOKFIELD PROPERTY REIT INC 144A LIFE SR SEC 1ST LIEN 5.75% 05-15-26                           | CUSIP: 11284DAA3<br>LEI: 549300K1JD1LDRNBET48 | Long             | DBT              | CORP              | US        |   8286000 | PA      | $8282602.74   | 0.04%             | 2026-05-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| B&G FOODS INC                                                                   | B&G FOODS INC SR UNSEC 5.25% 09-15-27                                                           | CUSIP: 05508WAB1<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |   9755000 | PA      | $9408609.71   | 0.04%             | 2027-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES UTICA HOLDINGS LLC                                             | ASCENT RESOURCES UTICA HOLDINGS LLC 144A LIFE SR UNSEC 6.62% 10-15-32                           | CUSIP: 04364VAX1<br>LEI: 549300EGLQ2M2CL7JZ89 | Long             | DBT              | CORP              | US        |   2995000 | PA      | $3040164.60   | 0.01%             | 2032-10-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                                                         | ARTHUR J GALLAGHER & CO SR UNSEC 5.0% 02-15-32                                                  | CUSIP: 04316JAM1<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |   1466000 | PA      | $1471570.80   | 0.01%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SENEGAL (REPUBLIC OF)                                                           | SENEGAL GOVERNMENT INTERNATIONAL BOND REG S SF 6.75% 03-13-48                                   | CUSIP: N/A<br>LEI: 549300NP14ZLQGWIUZ97       | Long             | DBT              | NUSS              | SN        |  47135000 | PA      | $24116151.40  | 0.11%             | 2048-03-13      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| PANAMA REPUBLIC OF (GOVERNMENT)                                                 | PANAMA GOVERNMENT INTERNATIONAL BOND SF 4.5% 04-16-50                                           | CUSIP: 698299BH6<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |   7583000 | PA      | $5780520.90   | 0.03%             | 2050-04-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 SD8496 01-01-55                                                                   | CUSIP: 3132DWNM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  16934422 | PA      | $17271654.33  | 0.08%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 MA5615 02-01-55                                                                   | CUSIP: 31418FGZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   4379183 | PA      | $4467248.20   | 0.02%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NAVEL 2025-A                                                                    | NAVEL 2025-A B 144A 5.32% 07-15-55                                                              | CUSIP: 63943EAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3003000 | PA      | $3019192.18   | 0.01%             | 2055-07-15      | Fixed         | 5.32%                 | Yes           |                  2 | On Loan: No      |
| NAVEL 2025-A                                                                    | NAVEL 2025-A D 144A 6.03% 07-15-55                                                              | CUSIP: 63943EAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2289000 | PA      | $2292962.26   | 0.01%             | 2055-07-15      | Fixed         | 6.03%                 | Yes           |                  2 | On Loan: No      |
| AVCCT 2024-2A                                                                   | AVCCT 2024-2A D 144A 8.98% 05-15-29                                                             | CUSIP: 05351KAN9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13450000 | PA      | $13498191.35  | 0.06%             | 2029-05-15      | Fixed         | 8.98%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_23-8                                       | AESOP 2023-8A D 144A 7.52% 02-20-30                                                             | CUSIP: 05377RJY1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5007000 | PA      | $5070739.11   | 0.02%             | 2030-02-20      | Fixed         | 7.52%                 | Yes           |                  2 | On Loan: No      |
| FCBSL 2020-1A                                                                   | FCBSL 2020-1A BR CLO 144A FRN 10-20-33                                                          | CUSIP: 34962XAS1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8616000 | PA      | $8620911.12   | 0.04%             | 2033-10-20      | Variable      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| GCI FUNDING I LLC GCI_21-1                                                      | GCI 2021-1 B 144A 3.04% 06-18-46                                                                | CUSIP: 36166VAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1726226 | PA      | $1552876.25   | 0.01%             | 2046-06-18      | Fixed         | 3.04%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST CGCMT_15-GC29                               | CGCMT 15-GC29 C FRN 04-10-48/25                                                                 | CUSIP: 17323VBE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2575000 | PA      | $2305912.50   | 0.01%             | 2048-04-10      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST COMM_15-CR26                                                | COMM 2015-CR26 B FRN 10-10-48                                                                   | CUSIP: 12593QBH2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2480790 | PA      | $2433754.31   | 0.01%             | 2048-10-10      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| EQS 2025-2M                                                                     | EQS 2025-2M C 144A 8.77% 03-27-34                                                               | CUSIP: 69122AAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    591529 | PA      | $600708.93    | 0.00%             | 2034-03-27      | Fixed         | 8.77%                 | Yes           |                  2 | On Loan: No      |
| EQS 2025-2M                                                                     | EQS 2025-2M B 144A 6.49% 03-27-34                                                               | CUSIP: 69122AAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1321049 | PA      | $1324255.45   | 0.01%             | 2034-03-27      | Fixed         | 6.49%                 | Yes           |                  2 | On Loan: No      |
| SCFET 2025-2A                                                                   | SCFET 2025-2A E 144A 6.21% 06-20-36                                                             | CUSIP: 78439XAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4027072.00   | 0.02%             | 2036-06-20      | Fixed         | 6.21%                 | Yes           |                  2 | On Loan: No      |
| BLACKROCK FUNDING INC                                                           | BLACKROCK FUNDING INC SR UNSEC 5.25% 03-14-54                                                   | CUSIP: 09290DAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15686000 | PA      | $14602128.77  | 0.07%             | 2054-03-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                                                                 | BAE SYSTEMS PLC 144A LIFE SR UNSEC 5.3% 03-26-34                                                | CUSIP: 05523RAL1<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |  14170000 | PA      | $14518298.60  | 0.07%             | 2034-03-26      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                | CCO HOLDINGS LLC 144A SR UNSEC 4.5% 08-15-30                                                    | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7631000 | PA      | $7135740.47   | 0.03%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                                               | JOHNSON & JOHNSON SR UNSEC 4.95% 06-01-34                                                       | CUSIP: 478160CW2<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |   8275000 | PA      | $8575912.10   | 0.04%             | 2034-06-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                             | JPMORGAN CHASE & CO SR UNSEC 4.995% 07-22-30/29                                                 | CUSIP: 46647PEJ1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  13273000 | PA      | $13469294.40  | 0.06%             | 2030-07-22      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                                           | DIRECTV FINANCING LLC TL 1ST LIEN (TSFR3M+526.161)(FLR 0.75) 8.92845% 08-02-27                  | CUSIP: 25460HAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    181337 | PA      | $181922.74    | 0.00%             | 2027-08-02      | Variable      | 8.93%                 | No            |                  2 | On Loan: No      |
| ENDO FINANCE HOLDINGS LP                                                        | ENDO FINANCE HOLDING INC TL-B 1ST LIEN (TSFR3M+375)(FLR 0.5) FRN 04-23-31                       | CUSIP: 29280UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  24160812 | PA      | $24052596.22  | 0.11%             | 2031-04-23      | Variable      | 7.42%                 | No            |                  2 | On Loan: No      |
| PHILIPPINES (REPUBLIC OF)                                                       | PHILIPPINE GOVERNMENT INTERNATIONAL BOND 3.2% 07-06-46                                          | CUSIP: 718286CP0<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |  12763000 | PA      | $8791230.98   | 0.04%             | 2046-07-06      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| PERU (REPUBLIC OF)                                                              | PERUVIAN GOVERNMENT INTERNATIONAL BOND 3.6% 01-15-72                                            | CUSIP: 715638DW9<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |   8000000 | PA      | $4948600.00   | 0.02%             | 2072-01-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                                            | CHARTER COMMUNICATIONS OPERATING LLC SR SEC 1ST LIEN 3.7% 04-01-51                              | CUSIP: 161175BV5<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |  52596000 | PA      | $32583905.75  | 0.15%             | 2051-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| CHEVRON CORP                                                                    | CHEVRON CORP SR UNSEC 2.236% 05-11-30                                                           | CUSIP: 166764BY5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4875000 | PA      | $4502628.00   | 0.02%             | 2030-05-11      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| YPF SA                                                                          | YPF SA 144A LIFE SR UNSEC SF 8.25% 01-17-34                                                     | CUSIP: 984245BB5<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |   2710000 | PA      | $2767289.40   | 0.01%             | 2034-01-17      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                                        | EGYPT GOVERNMENT INTERNATIONAL BOND REG S 8.5% 01-31-47                                         | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |   1805000 | PA      | $1560660.76   | 0.01%             | 2047-01-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-31                                              | CUSIP: 74526QKP6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1415000 | PA      | $940975.00    | 0.00%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-26                                              | CUSIP: 74526QWW8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     45000 | PA      | $29925.00     | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES HOLDINGS LP                                                    | SCIENTIFIC GAMES HOLDINGS LP TL (TSFR3M+300) (FLR 0.5) FRN 04-04-29                             | CUSIP: 80875CAE7<br>LEI: 549300W5GPFXXB6TQ330 | Long             | LON              | CORP              | US        |   8530822 | PA      | $8414854.45   | 0.04%             | 2029-04-04      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| APPLE BIDCO LLC                                                                 | APPLE BIDCO LLC TL 1ST LIEN (TSFR3M+250)(FLR 0.0) FRN 09-23-31                                  | CUSIP: 48254EAG6<br>LEI: 2549001SCJD3WEYJFM53 | Long             | LON              | CORP              | US        |   3717450 | PA      | $3722353.32   | 0.02%             | 2031-09-23      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| NAVEL 2025-A                                                                    | NAVEL 2025-A C 144A 5.53% 07-15-55                                                              | CUSIP: 63943EAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2785000 | PA      | $2799501.50   | 0.01%             | 2055-07-15      | Fixed         | 5.53%                 | Yes           |                  2 | On Loan: No      |
| OPORTUN FUNDING LLC OPTN_21-B                                                   | OPTN 2021-B D 144A 5.41% 05-08-31                                                               | CUSIP: 68377GAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    138845 | PA      | $137972.48    | 0.00%             | 2031-05-08      | Fixed         | 5.41%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-C                                     | MLANE 2025-C A 144A 4.78% 12-16-30                                                              | CUSIP: 60510MCA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3601000 | PA      | $3599750.45   | 0.02%             | 2030-12-16      | Fixed         | 4.78%                 | Yes           |                  2 | On Loan: No      |
| RESEARCH-DRIVEN PAGAYA MOTOR ASSET TRUST I RPM_22-3                             | RPM 2022-3A B 144A 6.58% 11-25-30                                                               | CUSIP: 76088TAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7716903 | PA      | $7750965.45   | 0.04%             | 2030-11-25      | Fixed         | 6.58%                 | Yes           |                  2 | On Loan: No      |
| GEOPARK LTD                                                                     | GEOPARK LTD 144A LIFE SR UNSEC 8.75% 01-31-30                                                   | CUSIP: 37255BAC3<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | DBT              | CORP              | CO        |  30766000 | PA      | $30332322.46  | 0.14%             | 2030-01-31      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| GENERAL MOTORS FINANCIAL CO INC                                                 | GENERAL MOTORS FINANCIAL CO INC SR UNSEC 6.15% 07-15-35                                         | CUSIP: 37045XFK7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |  25717000 | PA      | $26606371.01  | 0.12%             | 2035-07-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| ROMANIA (REPUBLIC OF)                                                           | ROMANIAN GOVERNMENT INTERNATIONAL BOND EUR 144A LIFE 3.5% 04-03-34                              | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |     30000 | PA      | $29704.04     | 0.00%             | 2034-04-03      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| ROMANIA (REPUBLIC OF)                                                           | ROMANIAN GOVERNMENT INTERNATIONAL BOND EUR REG S 2.0% 01-28-32                                  | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |   7260000 | PA      | $6985337.42   | 0.03%             | 2032-01-28      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                                              | UNION PACIFIC CORP SR UNSEC 3.5% 02-14-53                                                       | CUSIP: 907818FZ6<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   2367000 | PA      | $1649077.07   | 0.01%             | 2053-02-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                          | UNITEDHEALTH GROUP INC SR UNSEC 4.75% 05-15-52                                                  | CUSIP: 91324PEK4<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   1210000 | PA      | $1019463.72   | 0.00%             | 2052-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ROMANIA (REPUBLIC OF)                                                           | ROMANIAN GOVERNMENT INTERNATIONAL BOND EUR 144A LIFE 2.0% 04-14-33                              | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |   2635000 | PA      | $2404287.37   | 0.01%             | 2033-04-14      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| VIASAT INC                                                                      | VIASAT INC TL 1ST LIEN (TSFR3M+461.448)(FLR 0.5) FRN 03-02-29                                   | CUSIP: 92555WAD7<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | LON              | CORP              | US        |   8857288 | PA      | $8893266.50   | 0.04%             | 2029-03-02      | Variable      | 8.28%                 | No            |                  2 | On Loan: No      |
| OPORTUN FUNDING LLC OPTN_21-B                                                   | OPTN 2021-B C 144A 3.65% 05-08-31                                                               | CUSIP: 68377GAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350585 | PA      | $347528.96    | 0.00%             | 2031-05-08      | Fixed         | 3.65%                 | Yes           |                  2 | On Loan: No      |
| OWLEF 2024-1A                                                                   | OWLEF 2024-1A C 144A 6.38% 01-15-31                                                             | CUSIP: 095921AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    418000 | PA      | $423756.28    | 0.00%             | 2031-01-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| RESEARCH DRIVEN PAGAYA MOTOR ASSET TRUST RPM _25-4                              | RPM 2025-4A B 144A 5.497% 04-25-34                                                              | CUSIP: 76089MAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20570000 | PA      | $20500761.38  | 0.10%             | 2034-04-25      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL SC FINANCE SRL SEACO_21-2                                                | SEACO 2021-2A B 144A 2.49% 08-17-41                                                             | CUSIP: 37959PAH0<br>LEI: 549300JZYOMTAKV6RT73 | Long             | ABS-O            | CORP              | BM        |    398012 | PA      | $370368.68    | 0.00%             | 2041-08-17      | Fixed         | 2.49%                 | Yes           |                  2 | On Loan: No      |
| X CORP                                                                          | X CORPORATION TL-B 1ST LIEN (TSFR3M+675)(FLR 0.5) FRN 10-26-29                                  | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |         0 | PA      | $0.04         | 0.00%             | 2029-10-26      | Variable      | 10.45%                | No            |                  2 | On Loan: No      |
| 3650R 2022-PF2                                                                  | 3650R 2022-PF2 B FRN 11-15-55                                                                   | CUSIP: 88575JBA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12268000 | PA      | $11738746.21  | 0.06%             | 2055-11-15      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                          | UNITEDHEALTH GROUP INC SR UNSEC 4.95% 05-15-62                                                  | CUSIP: 91324PEL2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    159000 | PA      | $133611.36    | 0.00%             | 2062-05-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                                    | UNIVISION COMMUNICATIONS INC 144A LIFE SR SEC 1ST LIEN 7.375% 06-30-30                          | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |  21601000 | PA      | $21181832.60  | 0.10%             | 2030-06-30      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| PERU (REPUBLIC OF)                                                              | PERUVIAN GOVERNMENT INTERNATIONAL BOND 3.0% 01-15-34                                            | CUSIP: 715638DU3<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |  16830000 | PA      | $14395540.50  | 0.07%             | 2034-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PHILIPPINES (REPUBLIC OF)                                                       | PHILIPPINE GOVERNMENT INTERNATIONAL BOND 4.2% 03-29-47                                          | CUSIP: N/A<br>LEI: 529900RAHBALMYIJ3T08       | Long             | DBT              | NUSS              | PH        |   4000000 | PA      | $3200256.00   | 0.02%             | 2047-03-29      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HONG KONG                                                      | BANGKOK BANK PCL REG S SUB 3.733% 09-25-34/29                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | HK        |   3291000 | PA      | $3107645.23   | 0.01%             | 2034-09-25      | Variable      | 3.73%                 | Yes           |                  2 | On Loan: No      |
| BBVA MEXICO SA INSTITUCION DE BANCA MULTIPLE GRUPO FINANCIERO BBVA MEXICO/TX    | BBVA BANCOMER SA REG S SUB (H) 5.875% 09-13-34/29                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   6001000 | PA      | $5897944.83   | 0.03%             | 2034-09-13      | Variable      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| OCTR 2021-11A                                                                   | OCTR 2021-11A DR CLO 144A FRN 07-20-34                                                          | CUSIP: 67514VAS8<br>LEI: 549300E51CF32RJNO651 | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5190295.00   | 0.02%             | 2034-07-20      | Variable      | 6.77%                 | Yes           |                  2 | On Loan: No      |
| PRESTIGE AUTO RECEIVABLES TRUST PART_23-1                                       | PART 2023-1A D 144A 6.33% 04-16-29                                                              | CUSIP: 74113GAL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5026000 | PA      | $5036660.15   | 0.02%             | 2029-04-16      | Fixed         | 6.33%                 | Yes           |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                                                         | ARTHUR J GALLAGHER & CO SR UNSEC 4.85% 12-15-29                                                 | CUSIP: 04316JAL3<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |   3995000 | PA      | $4040087.57   | 0.02%             | 2029-12-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                                                         | ARTHUR J GALLAGHER & CO SR UNSEC 5.55% 02-15-55                                                 | CUSIP: 04316JAP4<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    604000 | PA      | $564233.85    | 0.00%             | 2055-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| CAALT 2025-2A                                                                   | CAALT 2025-2A C 144A 5.38% 03-17-36                                                             | CUSIP: 224940AE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3200000 | PA      | $3222118.40   | 0.02%             | 2036-03-17      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| CLI FUNDING VI LLC                                                              | CLIF 2020-1A B 144A 3.62% 09-18-45                                                              | CUSIP: 12563LAP2<br>LEI: 549300NQLBWJD5AREU05 | Long             | ABS-O            | CORP              | US        |    161762 | PA      | $153309.26    | 0.00%             | 2045-09-18      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| US BANCORP                                                                      | US BANCORP SR UNSEC 5.85% 10-21-33/32                                                           | CUSIP: 91159HJJ0<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   2064000 | PA      | $2171604.58   | 0.01%             | 2033-10-21      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                          | UNITEDHEALTH GROUP INC SR UNSEC 6.05% 02-15-63                                                  | CUSIP: 91324PET5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    124000 | PA      | $124071.30    | 0.00%             | 2063-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT INC                                                    | APOLLO GLOBAL MANAGEMENT INC SR UNSEC 5.15% 08-12-35                                            | CUSIP: 03769MAE6<br>LEI: 254900LMFT1CY9IYB476 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1937732.00   | 0.01%             | 2035-08-12      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROUP INC                                                   | SINCLAIR TELEVISION GROUP INC 144A LIFE SR SEC 1ST LIEN 8.125% 02-15-33                         | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1017500.00   | 0.00%             | 2033-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| PANAMA REPUBLIC OF (GOVERNMENT)                                                 | PANAMA GOVERNMENT INTERNATIONAL BOND 6.875% 01-31-36                                            | CUSIP: 698299BW3<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |   6897000 | PA      | $7348029.32   | 0.03%             | 2036-01-31      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PANAMA REPUBLIC OF (GOVERNMENT)                                                 | PANAMA GOVERNMENT INTERNATIONAL BOND SF 8.0% 03-01-38                                           | CUSIP: 698299BY9<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |   5727000 | PA      | $6570873.45   | 0.03%             | 2038-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PRESTIGE AUTO RECEIVABLES TRUST PART_23-2                                       | PART 2023-2A E 144A 9.9% 11-15-30                                                               | CUSIP: 74113VAL4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10170000 | PA      | $9964728.72   | 0.05%             | 2030-11-15      | Fixed         | 9.90%                 | Yes           |                  2 | On Loan: No      |
| PART 2024-1A                                                                    | PART 2024-1A E 144A 7.94% 04-15-31                                                              | CUSIP: 74113QAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4598000 | PA      | $4597075.80   | 0.02%             | 2031-04-15      | Fixed         | 7.94%                 | Yes           |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-32                                              | CUSIP: 74526QZN5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   4710000 | PA      | $3132150.00   | 0.01%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 5.25% 07-01-26                                             | CUSIP: 74526QZA3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    155000 | PA      | $103075.00    | 0.00%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                                  | GRAY MEDIA INC 144A LIFE SR SEC 2ND LIEN 9.625% 07-15-32                                        | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |  13935000 | PA      | $13947081.65  | 0.07%             | 2032-07-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| OXFORD FINANCE LLC                                                              | OXFORD FINANCE LLC 144A LIFE SR UNSEC 6.375% 02-01-27                                           | CUSIP: 69145LAC8<br>LEI: 549300LDNS0EYYWL5V49 | Long             | DBT              | CORP              | US        |   5705000 | PA      | $5658646.88   | 0.03%             | 2027-02-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| BANK_20-BN26                                                                    | BANK 2020-BN26 C FRN 03-15-63                                                                   | CUSIP: 06540JBV3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8970440 | PA      | $7546301.92   | 0.04%             | 2063-03-15      | Variable      | 3.41%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_20-RPL2                                   | BRAVO 2020-RPL2 A1 144A FRN 05-25-59                                                            | CUSIP: 10569BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    107258 | PA      | $100972.44    | 0.00%             | 2059-05-25      | Variable      | 2.00%                 | Yes           |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK/THE                                                       | TORONTO-DOMINION BANK SR UNSEC 4.808% 06-03-30                                                  | CUSIP: 89115KAB6<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1750000 | PA      | $1765130.50   | 0.01%             | 2030-06-03      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| TAKEDA US FINANCING INC                                                         | TAKEDA US FINANCING INC SR UNSEC 5.9% 07-07-55                                                  | CUSIP: 87406BAB8<br>LEI: 254900ZGPIBGBZ2N3A33 | Long             | DBT              | CORP              | US        |   4152000 | PA      | $4139195.23   | 0.02%             | 2055-07-07      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| PRESTIGE AUTO RECEIVABLES TRUST PART_23-1                                       | PART 2023-1A E 144A 9.88% 05-15-30                                                              | CUSIP: 74113GAN3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1482844.50   | 0.01%             | 2030-05-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| PKAIR 2025-2                                                                    | PKAIR 2025-2 A 144A 4.75% 03-15-43                                                              | CUSIP: 69291NAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2360593 | PA      | $2352399.87   | 0.01%             | 2043-03-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| SAAVI ENERGIA SARL                                                              | SAAVI ENERGIA SARL 144A LIFE SR UNSEC 8.875% 02-10-35                                           | CUSIP: 78518PAA3<br>LEI: 254900A2V0IO8K56UH35 | Long             | DBT              | CORP              | LU        |   4875000 | PA      | $5121918.75   | 0.02%             | 2035-02-10      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| SNAP INC                                                                        | SNAP INC 144A LIFE SR UNSEC 6.875% 03-01-33                                                     | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |  38010000 | PA      | $35922870.90  | 0.17%             | 2033-03-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| POLAND (REPUBLIC OF)                                                            | REPUBLIC OF POLAND GOVERNMENT INTERNATIONAL BOND 5.5% 03-18-54                                  | CUSIP: 731011AZ5<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |   2905000 | PA      | $2693797.79   | 0.01%             | 2054-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| POLAND (REPUBLIC OF)                                                            | REPUBLIC OF POLAND GOVERNMENT INTERNATIONAL BOND 5.375% 02-12-35                                | CUSIP: 857524AH5<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |   3500000 | PA      | $3571788.50   | 0.02%             | 2035-02-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK_21-B23                                           | BMARK 2021-B23 C FRN 02-15-54                                                                   | CUSIP: 08162RAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1099200.00   | 0.01%             | 2054-02-15      | Variable      | 2.56%                 | No            |                  2 | On Loan: No      |
| BMARK 2021-B25                                                                  | BMARK 2021-B25 B 2.635% 04-15-54                                                                | CUSIP: 08163DAK3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5325000 | PA      | $4178703.23   | 0.02%             | 2054-04-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                     | MEXICO GOVERNMENT INTERNATIONAL BOND 6.35% 02-09-35                                             | CUSIP: 91087BAV2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   3500000 | PA      | $3584175.00   | 0.02%             | 2035-02-09      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                      | US BANCORP SR UNSEC 4.839% 02-01-34/33                                                          | CUSIP: 91159HJL5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    697000 | PA      | $689191.51    | 0.00%             | 2034-02-01      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| FINASTRA USA INC                                                                | FINASTRA USA INC TL 1ST LIEN (TSFR3M+400) (FLR 0.0) FRN 09-15-32                                | CUSIP: 31772YAD8<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |  16310000 | PA      | $15340142.16  | 0.07%             | 2032-09-15      | Variable      | 7.67%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                                            | FIESTA PURCHASER INC TL-B 1ST LIEN (TSFR1M+275)(FLR 0.0) FRN 02-12-31                           | CUSIP: 31659LAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2935010 | PA      | $2866451.31   | 0.01%             | 2031-02-12      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE LLC                                                     | CRESCENT ENERGY FINANCE LLC 144A LIFE SR UNSEC 7.375% 01-15-33                                  | CUSIP: 45344LAE3<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |  10875000 | PA      | $10880372.25  | 0.05%             | 2033-01-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| COCA-COLA CO                                                                    | COCA-COLA CO SR UNSEC 5.2% 01-14-55                                                             | CUSIP: 191216DZ0<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |   6524000 | PA      | $6182383.79   | 0.03%             | 2055-01-14      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| WEF 2025-1A                                                                     | WEF 2025-1A D 144A 5.45% 09-20-33                                                               | CUSIP: 97415CAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2606000 | PA      | $2593488.59   | 0.01%             | 2033-09-20      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| WEF 2025-1A                                                                     | WEF 2025-1A C 144A 4.76% 09-20-33                                                               | CUSIP: 97415CAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    854000 | PA      | $850487.50    | 0.00%             | 2033-09-20      | Fixed         | 4.76%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                                   | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 4.5% 09-01-40                                     | CUSIP: 842400FQ1<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   1495000 | PA      | $1285472.76   | 0.01%             | 2040-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                                   | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 4.0% 04-01-47                                     | CUSIP: 842400GG2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   5680000 | PA      | $4224943.04   | 0.02%             | 2047-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS FINANCE BV                                                  | BRASKEM NETHERLANDS FINANCE BV REG S SR UNSEC 4.5% 01-31-30                                     | CUSIP: N/A<br>LEI: 2549000TLMHFQ74DS330       | Long             | DBT              | CORP              | NL        |  17325000 | PA      | $8075165.18   | 0.04%             | 2030-01-31      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                                                        | BAXTER INTERNATIONAL INC SR UNSEC 2.272% 12-01-28                                               | CUSIP: 071813CP2<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1048534.88   | 0.00%             | 2028-12-01      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                                           | MOLINA HEALTHCARE INC 144A LIFE SR UNSEC 6.5% 02-15-31                                          | CUSIP: 60855RAN0<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |  22260000 | PA      | $21911742.30  | 0.10%             | 2031-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUTIONS HOLDING COMPANY                                      | MAUSER PACKAGING SOLUTIONS HOLDING CO 144A LIFE SR SEC 1ST LIEN 7.875% 04-15-30                 | CUSIP: 57763RAE7<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |   9385000 | PA      | $9391710.28   | 0.04%             | 2030-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| PHILIPPINES (REPUBLIC OF)                                                       | PHILIPPINE GOVERNMENT INTERNATIONAL BOND 3.95% 01-20-40                                         | CUSIP: 718286BZ9<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |   8905000 | PA      | $7500904.13   | 0.04%             | 2040-01-20      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| QATAR (STATE OF)                                                                | QATAR GOVERNMENT INTERNATIONAL BOND REG S 4.817% 03-14-49                                       | CUSIP: N/A<br>LEI: 52990074F6OJOAXK4P65       | Long             | DBT              | NUSS              | QA        |   3165000 | PA      | $2799369.71   | 0.01%             | 2049-03-14      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| BLUE RACER MIDSTREAM LLC                                                        | BLUE RACER MIDSTREAM LLC 144A LIFE SR UNSEC 7.25% 07-15-32                                      | CUSIP: 095796AK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1580000 | PA      | $1642327.84   | 0.01%             | 2032-07-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| BORR IHC LTD                                                                    | BORR DRILLING LTD 144A LIFE SR SEC 1ST LIEN SF 10.0% 11-15-28                                   | CUSIP: 100018AA8<br>LEI: 254900WQF2MM46DNLY83 | Long             | DBT              | CORP              | US        |  23147846 | PA      | $23756773.46  | 0.11%             | 2028-11-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                                           | MINERAL RESOURCES LTD 144A LIFE SR UNSEC 9.25% 10-01-28                                         | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   8651000 | PA      | $8971277.32   | 0.04%             | 2028-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | MORGAN STANLEY SR UNSEC 6.407% 11-01-29/28                                                      | CUSIP: 61747YFH3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2124000 | PA      | $2217133.15   | 0.01%             | 2029-11-01      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| PRNT 2025-A                                                                     | PRNT 2025-A C 144A 5.48% 09-15-29                                                               | CUSIP: 45333GAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1238000 | PA      | $1233762.33   | 0.01%             | 2029-09-15      | Fixed         | 5.48%                 | Yes           |                  2 | On Loan: No      |
| PRNT 2025-A                                                                     | PRNT 2025-A D 144A 5.82% 09-15-29                                                               | CUSIP: 45333GAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1492000 | PA      | $1484908.52   | 0.01%             | 2029-09-15      | Fixed         | 5.82%                 | Yes           |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                                         | SASOL FINANCING USA LLC SR UNSEC 5.5% 03-18-31                                                  | CUSIP: 80386WAD7<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |   9970000 | PA      | $9003009.70   | 0.04%             | 2031-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                                                         | SENSATA TECHNOLOGIES BV 144A LIFE SR UNSEC 4.0% 04-15-29                                        | CUSIP: 81725WAK9<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |  13545000 | PA      | $13080474.23  | 0.06%             | 2029-04-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC                                                                   | CITIGROUP INC SR UNSEC 2.572% 06-03-31/30                                                       | CUSIP: 172967MS7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   5634000 | PA      | $5165938.55   | 0.02%             | 2031-06-03      | Variable      | 2.57%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                | CCO HOLDINGS LLC 144A SR UNSEC 4.25% 02-01-31                                                   | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  23425000 | PA      | $21365591.13  | 0.10%             | 2031-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                                              | UNION PACIFIC CORP SR UNSEC 4.95% 05-15-53                                                      | CUSIP: 907818GF9<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1297774.65   | 0.01%             | 2053-05-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                      | US BANCORP SR UNSEC 5.836% 06-12-34/06-10-33                                                    | CUSIP: 91159HJN1<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |  10803000 | PA      | $11279909.24  | 0.05%             | 2034-06-12      | Variable      | 5.84%                 | No            |                  2 | On Loan: No      |
| TRINITAS CLO LTD TRNTS_20-12                                                    | TRNTS 2020-12A CR2 CLO 144A FRN 04-25-33                                                        | CUSIP: 89641GBC5<br>LEI: 254900G1XMKSN9WBVL66 | Long             | ABS-O            | CORP              | US        |   2350000 | PA      | $2341352.00   | 0.01%             | 2033-04-25      | Variable      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| TRNTS 2021-17A                                                                  | TRNTS 2021-17A CR CLO 144A FRN 10-20-34                                                         | CUSIP: 89642JAP0<br>LEI: 254900E0LENORBQRRG46 | Long             | ABS-O            | CORP              | KY        |   3595000 | PA      | $3573322.15   | 0.02%             | 2034-10-20      | Variable      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 4.75% 07-01-26                                             | CUSIP: 74526QVZ2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     80000 | PA      | $53200.00     | 0.00%             | 2026-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 4.625% 07-01-35                                            | CUSIP: 74526QVY5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     65000 | PA      | $43225.00     | 0.00%             | 2035-07-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                 | CVS HEALTH CORP SR UNSEC 1.75% 08-21-30                                                         | CUSIP: 126650DN7<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   3510000 | PA      | $3097066.05   | 0.01%             | 2030-08-21      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                                    | CENTENE CORP SR UNSEC 3.0% 10-15-30                                                             | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    435000 | PA      | $381472.82    | 0.00%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FIRST STUDENT BIDCO INC                                                         | FIRST STUDENT BIDCO INC TL-B 1ST LIEN (TSFR3M+225) (FLR 0.0) FRN 08-15-30                       | CUSIP: 33718FAQ3<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |    509380 | PA      | $508477.80    | 0.00%             | 2030-08-15      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| FIRST STUDENT BIDCO INC                                                         | FIRST STUDENT BIDCO INC TL-C 1ST LIEN (TSFR3M+225) (FLR 0.0) FRN 08-15-30                       | CUSIP: 33718FAR1<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |     93204 | PA      | $93038.78     | 0.00%             | 2030-08-15      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| TRNTS 2021-17A                                                                  | TRNTS 2021-17A B1R CLO 144A FRN 10-20-34                                                        | CUSIP: 89642JAN5<br>LEI: 254900E0LENORBQRRG46 | Long             | ABS-O            | CORP              | KY        |  15159000 | PA      | $15101547.39  | 0.07%             | 2034-10-20      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| TACLN 2025-1                                                                    | TACLN 2025-1 B 144A 4.728% 09-26-33                                                             | CUSIP: 897926CB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5672494 | PA      | $5673572.13   | 0.03%             | 2033-09-26      | Fixed         | 4.73%                 | Yes           |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                                        | EGYPT GOVERNMENT INTERNATIONAL BOND REG S 7.903% 02-21-48                                       | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |    940000 | PA      | $767275.94    | 0.00%             | 2048-02-21      | Fixed         | 7.90%                 | Yes           |                  2 | On Loan: No      |
| ABU DHABI (EMIRATE OF)                                                          | ABU DHABI GOVERNMENT INTERNATIONAL BOND 144A LIFE 2.5% 09-30-29                                 | CUSIP: 29135LAE0<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |  14520000 | PA      | $13617494.88  | 0.06%             | 2029-09-30      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                                                        | BAXTER INTERNATIONAL INC SR UNSEC 1.915% 02-01-27                                               | CUSIP: 071813CL1<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    905000 | PA      | $883812.14    | 0.00%             | 2027-02-01      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                                                        | BAXTER INTERNATIONAL INC SR UNSEC 3.132% 12-01-51                                               | CUSIP: 071813CV9<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |   8377000 | PA      | $4799434.61   | 0.02%             | 2051-12-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                                   | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 4.2% 03-01-29                                     | CUSIP: 842400GQ0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98898.00     | 0.00%             | 2029-03-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                             | SIRIUS XM RADIO LLC 144A LIFE SR UNSEC 5.5% 07-01-29                                            | CUSIP: 82967NBC1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |  16910000 | PA      | $16864376.82  | 0.08%             | 2029-07-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| UNITED AIRLINES HOLDINGS INC                                                    | UNITED AIRLINES HOLDINGS INC SR UNSEC 4.875% 03-01-29                                           | CUSIP: 910047AM1<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |  12325000 | PA      | $12085673.15  | 0.06%             | 2029-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & CO                                                                | WELLS FARGO & CO SR UNSEC 4.96% 01-23-37/36                                                     | CUSIP: 95000U4E0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  11925000 | PA      | $11621091.38  | 0.05%             | 2037-01-23      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| ARCOS DORADOS BV                                                                | ARCOS DORADOS BV 144A LIFE SR UNSEC 6.375% 01-29-32                                             | CUSIP: 03965TAC7<br>LEI: 549300T91OYP6I7P8G39 | Long             | DBT              | CORP              | NL        |   1155000 | PA      | $1189072.50   | 0.01%             | 2032-01-29      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| AMBIPAR LUX SARL                                                                | AMBIPAR LUX SARL 144A LIFE SR UNSEC 10.875% 02-05-33                                            | CUSIP: 02319WAB7<br>LEI: 9845008C0E14F9BDEK55 | Long             | DBT              | CORP              | LU        |   7170000 | PA      | $1102387.50   | 0.01%             | 2033-02-05      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME CORP                                                     | BLUE OWL CREDIT INCOME CORP SR UNSEC 4.7% 02-08-27                                              | CUSIP: 69120VAF8<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |   9376000 | PA      | $9272807.74   | 0.04%             | 2027-02-08      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| FORESEA HOLDING SA                                                              | FORESEA HOLDING SA REG S SR SEC 1ST LIEN 7.5% 06-15-30                                          | CUSIP: N/A<br>LEI: 254900BAD50AKYGIMV79       | Long             | DBT              | CORP              | LU        |   3559986 | PA      | $3498351.96   | 0.02%             | 2030-06-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_24-A                                     | MLANE 2024-A D 144A 10.12% 08-15-29                                                             | CUSIP: 60510MBC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9435000 | PA      | $9466975.22   | 0.04%             | 2029-08-15      | Fixed         | 10.12%                | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-B                                     | MLANE 2025-B F 144A 11.21% 09-15-31                                                             | CUSIP: 60510MBZ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $6865803.00   | 0.03%             | 2031-09-15      | Fixed         | 11.21%                | Yes           |                  2 | On Loan: No      |
| CORELOGIC INC                                                                   | CORELOGIC INC TL 2ND LIEN (TSFR3M+661.448) (FLR 0.5) 10.28222% 06-04-29                         | CUSIP: N/A<br>LEI: 54930086CD8K2UIL0516       | Long             | LON              | CORP              | US        |   4467000 | PA      | $4159893.75   | 0.02%             | 2029-06-04      | Variable      | 10.28%                | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING BRANDS INC                                                 | CORNERSTONE BUILDING BRANDS INC TL-B 1ST LIEN (TSFR3M+335)(FLR 0.5) 7.02401% 04-12-28           | CUSIP: 72431HAD2<br>LEI: 549300IW41QEWQ6T0H29 | Long             | LON              | CORP              | US        |    139644 | PA      | $79364.38     | 0.00%             | 2028-04-12      | Variable      | 7.02%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUTIONS HOLDING COMPANY                                      | MAUSER PACKAGING SOLUTIONS HOLDING CO 144A LIFE SR SEC 2ND LIEN 9.25% 04-15-30                  | CUSIP: 57763RAF4<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |   3915000 | PA      | $3640863.87   | 0.02%             | 2030-04-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| MEXICO CITY AIRPORT TRUST                                                       | MEXICO CITY AIRPORT TRUST REG S SR SEC 1ST LIEN 4.25% 10-31-26                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | MX        |   5400000 | PA      | $5386365.00   | 0.03%             | 2026-10-31      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-B                                     | MLANE 2025-B C 144A 5.41% 09-15-31                                                              | CUSIP: 60510MBW7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1139000 | PA      | $1143166.46   | 0.01%             | 2031-09-15      | Fixed         | 5.41%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-B                                     | MLANE 2025-B A 144A 5.06% 09-15-31                                                              | CUSIP: 60510MBU1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20333000 | PA      | $20421468.88  | 0.10%             | 2031-09-15      | Fixed         | 5.06%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                            | BANK OF AMERICA CORP SR UNSEC 4.948% 07-22-28/27                                                | CUSIP: 06051GKW8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   9680000 | PA      | $9744681.76   | 0.05%             | 2028-07-22      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                                       | BLOCK INC SR UNSEC 2.75% 06-01-26                                                               | CUSIP: 852234AN3<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   6005000 | PA      | $5981586.51   | 0.03%             | 2026-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ZAYO ISSUER LLC ZAYO_25-2A                                                      | ZAYO 2025-2A A2 144A 5.953% 06-20-55                                                            | CUSIP: 98919WAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4075424.00   | 0.02%             | 2055-06-20      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| ZAYO ISSUER LLC ZAYO_25-2A                                                      | ZAYO 2025-2A B 144A 6.586% 06-20-55                                                             | CUSIP: 98919WAJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4098784.00   | 0.02%             | 2055-06-20      | Fixed         | 6.59%                 | Yes           |                  2 | On Loan: No      |
| DIAMOND SPORTS NET LLC                                                          | DIAMOND SPORTS NET LLC PIK TL 1ST LIEN 12% 01-02-28                                             | CUSIP: 25277EAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     90442 | PA      | $18088.34     | 0.00%             | 2028-01-02      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| CRC INSURANCE GROUP LLC                                                         | CRC INSURANCE GROUP LLC TL 2ND LIEN (TSFR3M+475) (FLR 0.00) FRN 05-06-32                        | CUSIP: 89788VAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  18840474 | PA      | $18707026.60  | 0.09%             | 2032-05-06      | Variable      | 8.45%                 | No            |                  2 | On Loan: No      |
| TRITON INTERNAL FINANCE TIF_20-1                                                | TIF 2020-1A B 144A 3.82% 08-20-45                                                               | CUSIP: 872480AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    781667 | PA      | $757954.02    | 0.00%             | 2045-08-20      | Fixed         | 3.82%                 | Yes           |                  2 | On Loan: No      |
| TRITON CONTAINER FINANCE LLC TCF_20-1                                           | TCF 2020-1A B 144A 3.74% 09-20-45                                                               | CUSIP: 89680HAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    234300 | PA      | $224128.10    | 0.00%             | 2045-09-20      | Fixed         | 3.74%                 | Yes           |                  2 | On Loan: No      |
| BLOCK INC                                                                       | BLOCK INC SR UNSEC 3.5% 06-01-31                                                                | CUSIP: 852234AP8<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   6923000 | PA      | $6300871.53   | 0.03%             | 2031-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS FINANCE BV                                                  | BRASKEM NETHERLANDS FINANCE BV 144A LIFE SR UNSEC 7.25% 02-13-33                                | CUSIP: 10554TAG0<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |   8203000 | PA      | $3813164.55   | 0.02%             | 2033-02-13      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| COTE D IVOIRE (REPUBLIC OF)                                                     | IVORY COAST GOVERNMENT INTERNATIONAL BOND 144A LIFE SF 8.075% 04-01-36                          | CUSIP: 221625AV8<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |   1000000 | PA      | $1019519.00   | 0.00%             | 2036-04-01      | Fixed         | 8.07%                 | Yes           |                  2 | On Loan: No      |
| COLOMBIA (REPUBLIC OF)                                                          | COLOMBIA GOVERNMENT INTERNATIONAL BOND 5.0% 06-15-45                                            | CUSIP: 195325CU7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  10784000 | PA      | $7765666.24   | 0.04%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 MA5647 03-01-55                                                                   | CUSIP: 31418FHZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1420582 | PA      | $1448871.43   | 0.01%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DC7823 12-01-54                                                                   | CUSIP: 3140AVVR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   3577682 | PA      | $3650216.36   | 0.02%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-28                                              | CUSIP: 74526QXB3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    700000 | PA      | $465500.00    | 0.00%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TAKEDA US FINANCING INC                                                         | TAKEDA US FINANCING INC SR UNSEC 5.2% 07-07-35                                                  | CUSIP: 87406BAA0<br>LEI: 254900ZGPIBGBZ2N3A33 | Long             | DBT              | CORP              | US        |  59751000 | PA      | $59777230.69  | 0.28%             | 2035-07-07      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| TRAVELERS COMPANIES INC                                                         | TRAVELERS COS INC SR UNSEC 5.05% 07-24-35                                                       | CUSIP: 89417EAT6<br>LEI: 549300Y650407RU8B149 | Long             | DBT              | CORP              | US        |    252000 | PA      | $252546.08    | 0.00%             | 2035-07-24      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                                   | ECHOSTAR CORP CV SR UNSEC PIK 3.875% 11-30-30                                                   | CUSIP: 278768AB2<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   1991415 | PA      | $7118512.06   | 0.03%             | 2030-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                                                  | HOME DEPOT INC SR UNSEC 5.4% 06-25-64                                                           | CUSIP: 437076DG4<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |  10747000 | PA      | $10123061.42  | 0.05%             | 2064-06-25      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BMARK 2021-B28                                                                  | BMARK 2021-B28 B FRN 08-15-54                                                                   | CUSIP: 08163GAX8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7260000 | PA      | $5980795.26   | 0.03%             | 2054-08-15      | Variable      | 2.24%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-SDMF                                         | BX 2021-SDMF C 144A FRN 09-15-34                                                                | CUSIP: 12434CAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1888431 | PA      | $1886916.88   | 0.01%             | 2034-09-15      | Variable      | 4.67%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                                   | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 2.85% 08-01-29                                    | CUSIP: 842400GS6<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   8468000 | PA      | $7990599.56   | 0.04%             | 2029-08-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| LIGHT AND WONDER INTERNATIONAL INC                                              | LIGHT & WONDER INTERNATIONAL INC 144A LIFE SR UNSEC 7.25% 11-15-29                              | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   7925000 | PA      | $8082509.38   | 0.04%             | 2029-11-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & CO                                                                | WELLS FARGO & CO SR UNSEC 4.611% 04-25-53/52                                                    | CUSIP: 95000U2Z5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2030000 | PA      | $1684634.07   | 0.01%             | 2053-04-25      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                                        | WYNN RESORTS FINANCE LLC 144A LIFE SR UNSEC 7.125% 02-15-31                                     | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4616000 | PA      | $4841237.72   | 0.02%             | 2031-02-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| FORESEA HOLDING SA                                                              | FORESEA HOLDING SA 144A LIFE SR SEC 1ST LIEN 7.5% 06-15-30                                      | CUSIP: 262051AA3<br>LEI: 254900BAD50AKYGIMV79 | Long             | DBT              | CORP              | LU        |   8875000 | PA      | $8721347.13   | 0.04%             | 2030-06-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                               | POST HOLDINGS INC 144A LIFE SR SEC 1ST LIEN 6.25% 02-15-32                                      | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   7883000 | PA      | $7974356.09   | 0.04%             | 2032-02-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| MINEJESA CAPITAL BV                                                             | MINEJESA CAPITAL BV REG S SR SEC 1ST LIEN SF 4.625% 08-10-30                                    | CUSIP: N/A<br>LEI: 549300KS7ERCP10BKC35       | Long             | DBT              | CORP              | NL        |   2596000 | PA      | $2570094.52   | 0.01%             | 2030-08-10      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| MPT OPERATING PARTNERSHIP LP                                                    | MPT OPERATING PARTNERSHIP LP SR UNSEC 5.0% 10-15-27                                             | CUSIP: 55342UAH7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |  61040000 | PA      | $56870968.00  | 0.27%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANGOLA (REPUBLIC OF)                                                            | ANGOLAN GOVERNMENT INTERNATIONAL BOND REG S 8.0% 11-26-29                                       | CUSIP: N/A<br>LEI: 549300QHR2R3J8JSGK83       | Long             | DBT              | NUSS              | AO        |  17342000 | PA      | $17171822.95  | 0.08%             | 2029-11-26      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| ABU DHABI (EMIRATE OF)                                                          | ABU DHABI GOVERNMENT INTERNATIONAL BOND REG S 3.875% 04-16-50                                   | CUSIP: N/A<br>LEI: 213800FER4348CINTA77       | Long             | DBT              | NUSS              | AE        |  21585000 | PA      | $16222012.49  | 0.08%             | 2050-04-16      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| SDART 2025-4                                                                    | SDART 2025-4 D 4.95% 01-15-32                                                                   | CUSIP: 802923AF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6100000 | PA      | $6063003.50   | 0.03%             | 2032-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC SORT_20-1                                               | SORT 2020-1 A2 144A 1.99% 07-15-60                                                              | CUSIP: 12530MAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    302434 | PA      | $248167.30    | 0.00%             | 2060-07-15      | Fixed         | 1.99%                 | Yes           |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST COMM_14-UBS4                                                | COMM 2014-UBS4 AM 3.968% 08-10-47                                                               | CUSIP: 12591QAT9<br>LEI: 5493004GWEVMOU8S3L34 | Long             | ABS-MBS          | CORP              | US        |     99995 | PA      | $98294.94     | 0.00%             | 2047-08-10      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                             | JPMORGAN CHASE & CO SR UNSEC 5.294% 07-22-35/34                                                 | CUSIP: 46647PEK8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253180.00    | 0.00%             | 2035-07-22      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                             | JPMORGAN CHASE & CO SR UNSEC 4.603% 10-22-30/29                                                 | CUSIP: 46647PEQ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  15919000 | PA      | $15955900.24  | 0.07%             | 2030-10-22      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE SA                                                         | RAIZEN FUELS FINANCE SA 144A LIFE SR UNSEC 6.45% 03-05-34                                       | CUSIP: 75102XAB2<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |   2255000 | PA      | $1241659.38   | 0.01%             | 2034-03-05      | Fixed         | 6.45%                 | Yes           |                  2 | On Loan: No      |
| ANYWHERE REAL ESTATE GROUP LLC                                                  | ANYWHERE REAL ESTATE GROUP LLC 144A LIFE SR UNSEC 5.75% 01-15-29                                | CUSIP: 75606DAL5<br>LEI: LF6PBYTYG3BDVEF4FI12 | Long             | DBT              | CORP              | US        |   3515000 | PA      | $3390994.32   | 0.02%             | 2029-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                        | DISCOVERY GLOBAL HOLDINGS INC SR UNSEC 4.054% 03-15-29                                          | CUSIP: 55903VBB8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1710000.00   | 0.01%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & CO                                                                | WELLS FARGO & CO SR UNSEC 5.557% 07-25-34/33                                                    | CUSIP: 95000U3F8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3725000 | PA      | $3818810.40   | 0.02%             | 2034-07-25      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC SORT_21-1                                               | SORT 2021-1A A1 144A 1.53% 03-15-61                                                             | CUSIP: 12530MAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    537153 | PA      | $436001.98    | 0.00%             | 2061-03-15      | Fixed         | 1.53%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL SC FINANCE SRL SEACO_21-1A                                               | SEACO 2021-1A B 144A 2.76% 04-17-41                                                             | CUSIP: 37959PAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    971584 | PA      | $905249.98    | 0.00%             | 2041-04-17      | Fixed         | 2.76%                 | Yes           |                  2 | On Loan: No      |
| BANK GOSPODARSTWA KRAJOWEGO                                                     | BANK GOSPODARSTWA KRAJOWEGO-WARSAW REG S SR UNSEC 5.75% 07-09-34                                | CUSIP: N/A<br>LEI: 259400BCOV9JJIGLYF05       | Long             | DBT              | USGA              | PL        |   2000000 | PA      | $2066508.00   | 0.01%             | 2034-07-09      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| BANK GOSPODARSTWA KRAJOWEGO                                                     | BANK GOSPODARSTWA KRAJOWEGO-WARSAW REG S SR UNSEC 6.25% 07-09-54                                | CUSIP: N/A<br>LEI: 259400BCOV9JJIGLYF05       | Long             | DBT              | USGA              | PL        |   2000000 | PA      | $1981962.00   | 0.01%             | 2054-07-09      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ALBANIA                                                             | ALBANIA GOVERNMENT INTERNATIONAL BOND EUR 144A LIFE 4.75% 02-14-35                              | CUSIP: N/A<br>LEI: 254900EDM43U3SGRND29       | Long             | DBT              | NUSS              | AL        |   2635000 | PA      | $2990437.73   | 0.01%             | 2035-02-14      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| AUTONATION INC                                                                  | AUTONATION INC SR UNSEC 5.89% 03-15-35                                                          | CUSIP: 05329WAT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  30000000 | PA      | $30633210.00  | 0.14%             | 2035-03-15      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                                  | GRAY TELEVISION INC TL-B 1ST LIEN (TSFR3M+525)(FLR 0.0) FRN 06-04-29                            | CUSIP: 389376BC7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |    134400 | PA      | $134652.00    | 0.00%             | 2029-06-04      | Variable      | 8.92%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                                  | GRAY TELEVISION INC TL-D (TSFR3M+311.448)(FLR 0.00) FRN 12-01-28                                | CUSIP: 389376AZ7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |  19256545 | PA      | $19277014.67  | 0.09%             | 2028-12-01      | Variable      | 6.78%                 | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 INC                                                                | WAND NEWCO 3 INC 144A LIFE SR SEC 1ST LIEN 7.625% 01-30-32                                      | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |   2055000 | PA      | $2102330.76   | 0.01%             | 2032-01-30      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| XCEL ENERGY INC                                                                 | XCEL ENERGY INC SR UNSEC 5.6% 04-15-35                                                          | CUSIP: 98389BBE9<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |     23000 | PA      | $23384.70     | 0.00%             | 2035-04-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                                             | AXON ENTERPRISE INC 144A LIFE SR UNSEC 6.125% 03-15-30                                          | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1375712.10   | 0.01%             | 2030-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                                             | AXON ENTERPRISE INC 144A LIFE SR UNSEC 6.25% 03-15-33                                           | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    515000 | PA      | $526119.37    | 0.00%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS FINANCE BV                                                  | BRASKEM NETHERLANDS FINANCE BV REG S SR UNSEC 7.25% 02-13-33                                    | CUSIP: N/A<br>LEI: 2549000TLMHFQ74DS330       | Long             | DBT              | CORP              | NL        |   8135000 | PA      | $3781554.75   | 0.02%             | 2033-02-13      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| BHP BILLITON FINANCE (USA) LTD                                                  | BHP BILLITON FINANCE USA LTD SR UNSEC 4.9% 02-28-33                                             | CUSIP: 055451BA5<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |   3002000 | PA      | $3009246.83   | 0.01%             | 2033-02-28      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO                                                         | CENTRAL GARDEN & PET CO SR UNSEC 4.125% 10-15-30                                                | CUSIP: 153527AN6<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |   3485000 | PA      | $3280953.25   | 0.02%             | 2030-10-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COMMUNICATIONS OPERATING CAPITAL | CHARTER COMMUNICATIONS OPERATING LLC SR SEC 1ST LIEN 3.85% 04-01-61                             | CUSIP: 161175BY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7140000 | PA      | $4173701.28   | 0.02%             | 2061-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES LP                                                         | RHP HOTEL PROPERTIES LP 144A LIFE SR UNSEC 4.5% 02-15-29                                        | CUSIP: 749571AG0<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |   8155000 | PA      | $7910031.96   | 0.04%             | 2029-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                                     | ROYAL CARIBBEAN CRUISES LTD 144A LIFE SR UNSEC 5.5% 04-01-28                                    | CUSIP: 780153BG6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | US        |  14325000 | PA      | $14491828.95  | 0.07%             | 2028-04-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| ABU DHABI DEVELOPMENTAL HOLDING CO PJSC                                         | ABU DHABI DEVELOPMENTAL HOLDING CO PJSC 144A LIFE SR UNSEC 5.0% 05-06-35                        | CUSIP: 00402AAB7<br>LEI: 254900G082ZFKTCR2Q75 | Long             | DBT              | CORP              | AE        |   4000000 | PA      | $3898332.00   | 0.02%             | 2035-05-06      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN INTERNATIONAL GROUP INC                                                | AMERICAN INTERNATIONAL GROUP INC SR UNSEC 5.45% 05-07-35                                        | CUSIP: 026874DX2<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |    739000 | PA      | $754133.24    | 0.00%             | 2035-05-07      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 MA5701 05-01-55                                                                   | CUSIP: 31418FKP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  18677362 | PA      | $19049302.48  | 0.09%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FASST 2025-PC1                                                                  | FASST 2025-PC1 A1 144A 4.5% 05-25-75                                                            | CUSIP: 316929AA6<br>LEI: 254900FJW75GV74X3O58 | Long             | ABS-CBDO         | CORP              | US        |  12680875 | PA      | $12123968.92  | 0.06%             | 2075-05-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| BROADCOM INC                                                                    | BROADCOM INC SR UNSEC 5.15% 11-15-31                                                            | CUSIP: 11135FBY6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |  14802000 | PA      | $15188139.77  | 0.07%             | 2031-11-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                    | BROADCOM INC SR UNSEC 5.05% 07-12-29                                                            | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   2849000 | PA      | $2908407.35   | 0.01%             | 2029-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-SDMF                                         | BX 2021-SDMF D 144A FRN 09-15-34                                                                | CUSIP: 12434CAL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1795634 | PA      | $1793746.58   | 0.01%             | 2034-09-15      | Variable      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST BX_21-ACNT                                                             | BX 2021-ACNT D 144A FRN 11-15-38                                                                | CUSIP: 05609QAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2227713 | PA      | $2227017.59   | 0.01%             | 2038-11-15      | Variable      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| XCEL ENERGY INC                                                                 | XCEL ENERGY INC SR UNSEC 2.35% 11-15-31                                                         | CUSIP: 98388MAC1<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1035795.40   | 0.00%             | 2031-11-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| YPF SA                                                                          | YPF SA 144A LIFE SR UNSEC SF 8.75% 09-11-31                                                     | CUSIP: 984245AY6<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |   1150000 | PA      | $1201356.70   | 0.01%             | 2031-09-11      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| CSX CORP                                                                        | CSX CORP SR UNSEC 2.5% 05-15-51                                                                 | CUSIP: 126408HT3<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |   4610000 | PA      | $2719351.41   | 0.01%             | 2051-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                              | ENERGY TRANSFER LP 144A LIFE SR UNSEC 6.0% 02-01-29                                             | CUSIP: 226373AR9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1165000 | PA      | $1174313.01   | 0.01%             | 2029-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CONNECT FINCO SARL / CONNECT US FINCO LLC                                       | CONNECT FINCO SARL 144A LIFE SR SEC 1ST LIEN 9.0% 09-15-29                                      | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |  72270000 | PA      | $76012863.30  | 0.36%             | 2029-09-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| SM ENERGY CO                                                                    | SM ENERGY CO 144A LIFE SR UNSEC 9.625% 06-15-33                                                 | CUSIP: 17888HAD5<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |  15905000 | PA      | $17581005.28  | 0.08%             | 2033-06-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| SUN HUNG KAI PROPERTIES (CAPITAL MARKET) LTD                                    | SUN HUNG KAI PROPERTIES CAPITAL MARKET LTD REG S SR UNSEC 2.875% 01-21-30                       | CUSIP: N/A<br>LEI: 222100WJDEUAP4JLW867       | Long             | DBT              | CORP              | HK        |    300000 | PA      | $284081.40    | 0.00%             | 2030-01-21      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                                   | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 2.25% 06-01-30                                    | CUSIP: 842400GU1<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   2570000 | PA      | $2325865.42   | 0.01%             | 2030-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                             | SIRIUS XM RADIO LLC 144A LIFE SR UNSEC 4.125% 07-01-30                                          | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |  28210000 | PA      | $26432262.22  | 0.12%             | 2030-07-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| ROCC TRUST ROCC_24-CNTR                                                         | ROCC 2024-CNTR A 144A 5.38834% 11-13-41                                                         | CUSIP: 74970WAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    434462 | PA      | $442032.50    | 0.00%             | 2041-11-13      | Fixed         | 5.39%                 | Yes           |                  2 | On Loan: No      |
| YPF ENERGIA ELECTRICA SA                                                        | YPF ENERGIA ELECTRICA SA 144A LIFE SR UNSEC SF 7.875% 10-16-32                                  | CUSIP: 98424MAB9<br>LEI: 5493002XN8FRTYQLR778 | Long             | DBT              | CORP              | AR        |  12333000 | PA      | $12537505.81  | 0.06%             | 2032-10-16      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ZIGGO BV                                                                        | ZIGGO BV 144A LIFE SR SEC 1ST LIEN 4.875% 01-15-30                                              | CUSIP: 98955DAA8<br>LEI: 213800TQASLF9JXH5J59 | Long             | DBT              | CORP              | NL        |   3265000 | PA      | $3052135.06   | 0.01%             | 2030-01-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_22-RPL1                                   | BRAVO 2022-RPL1 A1 144A 2.75% 09-25-61                                                          | CUSIP: 10569XAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1180415 | PA      | $1079598.00   | 0.01%             | 2061-09-25      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_22-AHP                                          | BX 2022-AHP C 144A FRN 01-17-39                                                                 | CUSIP: 05610FAD9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3807755 | PA      | $3809933.23   | 0.02%             | 2039-01-17      | Variable      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| ARGENTINA REPUBLIC OF GOVERNMENT                                                | ARGENTINE REPUBLIC GOVERNMENT INTERNATIONAL BOND SF 0.75% 07-09-30                              | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   8131492 | PA      | $6818256.11   | 0.03%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| ARGENTINA REPUBLIC OF GOVERNMENT                                                | ARGENTINE REPUBLIC GOVERNMENT INTERNATIONAL BOND SF 4.125% 07-09-35                             | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |  14022483 | PA      | $10131243.97  | 0.05%             | 2035-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_23-6                                       | AESOP 2023-6A D 144A 7.37% 12-20-29                                                             | CUSIP: 05377RJU9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1994000 | PA      | $2026741.48   | 0.01%             | 2029-12-20      | Fixed         | 7.37%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST ACAR_22-4                          | ACAR 2022-4 E 144A 10.0% 01-14-30                                                               | CUSIP: 02529XAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7640000 | PA      | $7732260.64   | 0.04%             | 2030-01-14      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PARTNERS LP                                                    | ANTERO MIDSTREAM PARTNERS LP 144A LIFE SR UNSEC 5.75% 07-01-34                                  | CUSIP: 03690AAN6<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |   8095000 | PA      | $7982495.69   | 0.04%             | 2034-07-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                                               | ARES CAPITAL CORP SR UNSEC 5.25% 04-12-31                                                       | CUSIP: 04010LBM4<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24181400.00  | 0.11%             | 2031-04-12      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AEP TRANSMISSION COMPANY LLC                                                    | AEP TRANSMISSION CO LLC SR UNSEC 5.375% 06-15-35                                                | CUSIP: 00115AAS8<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152341.05    | 0.00%             | 2035-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD                                                              | ATHENE HOLDING LTD SR UNSEC 6.625% 05-19-55                                                     | CUSIP: 04686JAL5<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |  40410000 | PA      | $38971525.23  | 0.18%             | 2055-05-19      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-B                                     | MLANE 2025-B E 144A 8.08% 09-15-31                                                              | CUSIP: 60510MBY3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6935000 | PA      | $6758636.02   | 0.03%             | 2031-09-15      | Fixed         | 8.08%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-B                                     | MLANE 2025-B B 144A 5.21% 09-15-31                                                              | CUSIP: 60510MBV9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1658000 | PA      | $1664620.39   | 0.01%             | 2031-09-15      | Fixed         | 5.21%                 | Yes           |                  2 | On Loan: No      |
| CLI FUNDING LLC CLIF_20-2                                                       | CLIF 2020-2A B 144A 3.56% 09-15-45                                                              | CUSIP: 12563LAR8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    122813 | PA      | $116016.65    | 0.00%             | 2045-09-15      | Fixed         | 3.56%                 | Yes           |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_23-1                                   | EART 2023-1A E 144A 12.07% 09-16-30                                                             | CUSIP: 30168BAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9863000 | PA      | $10827088.52  | 0.05%             | 2030-09-16      | Fixed         | 12.07%                | Yes           |                  2 | On Loan: No      |
| STORAGEMART COMMERCIAL MORTGAGE TRUST SMRT_22-MINI                              | SMRT 2022-MINI D 144A FRN 01-15-39                                                              | CUSIP: 78457JAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  15397500 | PA      | $15356219.30  | 0.07%             | 2039-01-15      | Variable      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST STACR_22-DNA5                                     | STACR 2022-DNA5 M1A 144A FRN 06-25-42                                                           | CUSIP: 35564KYN3<br>LEI: 5493000IS349P4O9HR58 | Long             | ABS-CBDO         | CORP              | US        |   5758248 | PA      | $5845065.06   | 0.03%             | 2042-06-25      | Variable      | 6.61%                 | Yes           |                  2 | On Loan: No      |
| ARCHROCK SERVICES LP                                                            | ARCHROCK SERVICES LP 144A LIFE SR UNSEC 6.0% 02-01-34                                           | CUSIP: 03958CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1605000 | PA      | $1590246.84   | 0.01%             | 2034-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ANTERO RESOURCES CORP                                                           | ANTERO RESOURCES CORP SR UNSEC 5.4% 02-01-36                                                    | CUSIP: 03674XAU0<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |  16295000 | PA      | $16035208.82  | 0.08%             | 2036-02-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| PRNT 2025-A                                                                     | PRNT 2025-A E 144A 8.3% 09-15-29                                                                | CUSIP: 45333GAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4050000 | PA      | $4054738.50   | 0.02%             | 2029-09-15      | Fixed         | 8.30%                 | Yes           |                  2 | On Loan: No      |
| PRNT 2025-A                                                                     | PRNT 2025-A B 144A 5.24% 09-15-29                                                               | CUSIP: 45333GAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1598000 | PA      | $1592828.87   | 0.01%             | 2029-09-15      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| ACAR 2023-1                                                                     | ACAR 2023-1 E 144A 9.79% 12-12-29                                                               | CUSIP: 02530UAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3800000 | PA      | $3910682.60   | 0.02%             | 2029-12-12      | Fixed         | 9.79%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST ACAR_23-3                          | ACAR 2023-3 E 144A 9.54% 10-14-31                                                               | CUSIP: 02530EAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9514000 | PA      | $9917745.62   | 0.05%             | 2031-10-14      | Fixed         | 9.54%                 | Yes           |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP INC                                                     | ASBURY AUTOMOTIVE GROUP INC 144A LIFE SR UNSEC 4.625% 11-15-29                                  | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |  15035000 | PA      | $14544257.60  | 0.07%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP INC                                                     | ASBURY AUTOMOTIVE GROUP INC 144A LIFE SR UNSEC 5.0% 02-15-32                                    | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2132790.75   | 0.01%             | 2032-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| MULTIFAMILY STRUCTURED CREDIT RISK MSCR_21-MN3                                  | MSCR 2021-MN1 M2 144A FRN 01-25-51                                                              | CUSIP: 35563FAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2640000 | PA      | $2743770.48   | 0.01%             | 2051-01-25      | Variable      | 7.41%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC - STACR_20-DNA4                                                     | STACR 2020-DNA4 B2 144A FRN 08-25-50                                                            | CUSIP: 35565XBE9<br>LEI: 5493000ITFTMJUMPDE35 | Long             | ABS-CBDO         | CORP              | US        |  26185000 | PA      | $34628431.81  | 0.16%             | 2050-08-25      | Variable      | 13.78%                | Yes           |                  2 | On Loan: No      |
| APOLLO DEBT SOLUTIONS BDC                                                       | APOLLO DEBT SOLUTIONS BDC 144A SR UNSEC 5.7% 01-23-31                                           | CUSIP: 03770DAL7<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |  31500000 | PA      | $30750646.50  | 0.14%             | 2031-01-23      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| ARES STRATEGIC INCOME FUND                                                      | ARES STRATEGIC INCOME FUND 144A SR UNSEC 5.55% 04-15-31                                         | CUSIP: 04020EAU1<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |  55000000 | PA      | $52714750.00  | 0.25%             | 2031-04-15      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                                              | CLEAR CHANNEL OUTDOOR HOLDINGS INC 144A LIFE SR UNSEC 7.5% 06-01-29                             | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    725000 | PA      | $728476.38    | 0.00%             | 2029-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| CVR PARTNERS LP                                                                 | CVR PARTNERS LP 144A LIFE SR SEC 1ST LIEN 6.125% 06-15-28                                       | CUSIP: 12663QAC9<br>LEI: 529900LE0OS06MYQRP11 | Long             | DBT              | CORP              | US        |   7460000 | PA      | $7438985.18   | 0.03%             | 2028-06-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| ABU DHABI (EMIRATE OF)                                                          | ABU DHABI GOVERNMENT INTERNATIONAL BOND 144A LIFE 1.7% 03-02-31                                 | CUSIP: 29135LAM2<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |  12390000 | PA      | $10867417.68  | 0.05%             | 2031-03-02      | Fixed         | 1.70%                 | Yes           |                  2 | On Loan: No      |
| ABU DHABI (EMIRATE OF)                                                          | ABU DHABI GOVERNMENT INTERNATIONAL BOND REG S 1.875% 09-15-31                                   | CUSIP: N/A<br>LEI: 213800FER4348CINTA77       | Long             | DBT              | NUSS              | AE        |   8520000 | PA      | $7414436.28   | 0.03%             | 2031-09-15      | Fixed         | 1.88%                 | Yes           |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                                                          | SCIH SALT HOLDINGS INC 144A LIFE SR SEC 1ST LIEN 4.875% 05-01-28                                | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11807000 | PA      | $11679283.68  | 0.05%             | 2028-05-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                                                          | SCIH SALT HOLDINGS INC 144A LIFE SR UNSEC 6.625% 05-01-29                                       | CUSIP: 78433BAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13070000 | PA      | $13015628.80  | 0.06%             | 2029-05-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| 1261229 BC LTD                                                                  | 1261229 BC LTD 144A LIFE SR SEC 1ST LIEN 10.0% 04-15-32                                         | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |  18615000 | PA      | $19074585.74  | 0.09%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| BLOCK INC                                                                       | BLOCK INC SR UNSEC 6.5% 05-15-32                                                                | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |  38213000 | PA      | $38585806.03  | 0.18%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PARK INTERMEDIATE HOLDINGS LLC                                                  | PARK INTERMEDIATE HOLDINGS LLC 144A LIFE SR UNSEC 5.875% 10-01-28                               | CUSIP: 70052LAB9<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |   8710000 | PA      | $8677703.32   | 0.04%             | 2028-10-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| PRESTIGE BRANDS INC                                                             | PRESTIGE BRANDS INC 144A LIFE SR UNSEC 3.75% 04-01-31                                           | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |   5795000 | PA      | $5315573.86   | 0.02%             | 2031-04-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_23-4                                       | AESOP 2023-4A D 144A 7.31% 06-20-29                                                             | CUSIP: 05377RJS4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1879000 | PA      | $1907976.06   | 0.01%             | 2029-06-20      | Fixed         | 7.31%                 | Yes           |                  2 | On Loan: No      |
| CREDIT ACCEPTANCE AUTO LOAN TRUST CAALT_23-3                                    | CAALT 2023-3A C 144A 7.62% 12-15-33                                                             | CUSIP: 224936AE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4374000 | PA      | $4481040.53   | 0.02%             | 2033-12-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                                          | COMSTOCK RESOURCES INC 144A LIFE SR UNSEC 5.875% 01-15-30                                       | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |  20675000 | PA      | $20031159.83  | 0.09%             | 2030-01-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING LLC                                                 | PERMIAN RESOURCES OPERATING LLC 144A LIFE SR UNSEC 5.875% 07-01-29                              | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |  10645000 | PA      | $10663426.50  | 0.05%             | 2029-07-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_17-2                                             | TPMT 2017-2 B2 144A FRN 04-25-57                                                                | CUSIP: 89173HAF3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2400000 | PA      | $2245855.20   | 0.01%             | 2057-04-25      | Variable      | 4.14%                 | Yes           |                  2 | On Loan: No      |
| TMCL 2025-1H                                                                    | TMCL 2025-1H A 144A 6.43% 07-23-50                                                              | CUSIP: 87257FAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6119186 | PA      | $6120440.21   | 0.03%             | 2050-07-23      | Fixed         | 6.43%                 | Yes           |                  2 | On Loan: No      |
| CORELOGIC INC                                                                   | CORELOGIC INC 144A LIFE SR SEC 1ST LIEN 4.5% 05-01-28                                           | CUSIP: 21871DAD5<br>LEI: 54930086CD8K2UIL0516 | Long             | DBT              | CORP              | US        |  13907000 | PA      | $13068811.20  | 0.06%             | 2028-05-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CENTENE CORP                                                                    | CENTENE CORP SR UNSEC 2.45% 07-15-28                                                            | CUSIP: 15135BAY7<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   2842000 | PA      | $2648428.54   | 0.01%             | 2028-07-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| SRPSKA REPUBLIC OF (GOVERNMENT)                                                 | REPUBLIC OF SRPSKA TREASURY BOND EUR REG S 4.75% 04-27-26                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | BA        |    835000 | PA      | $963267.23    | 0.00%             | 2026-04-27      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SUBURBAN PROPANE PARTNERS LP                                                    | SUBURBAN PROPANE PARTNERS LP 144A LIFE SR UNSEC 5.0% 06-01-31                                   | CUSIP: 864486AL9<br>LEI: JJAX4X60DE65EYFOTY73 | Long             | DBT              | CORP              | US        |   4820000 | PA      | $4540020.66   | 0.02%             | 2031-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES INC                                                        | ALBERTSONS COS INC 144A LIFE SR UNSEC 5.625% 03-31-32                                           | CUSIP: 01309QAE8<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   6300000 | PA      | $6207585.30   | 0.03%             | 2032-03-31      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| ASURION LLC                                                                     | ASURION LLC 144A LIFE SR SEC 1ST LIEN 8.375% 02-01-34                                           | CUSIP: 045941AB7<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |   8970000 | PA      | $8715000.84   | 0.04%             | 2034-02-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC - STACR 2020-DNA3                                                   | STACR 2020-DNA3 B2 144A FRN 06-25-50                                                            | CUSIP: 35565WBE1<br>LEI: 5493000ITGOA1OPGRQ72 | Long             | ABS-CBDO         | CORP              | US        |  13460000 | PA      | $17319130.06  | 0.08%             | 2050-06-25      | Variable      | 13.13%                | Yes           |                  2 | On Loan: No      |
| SFO COMMERICAL MORTGAGE TRUST SFO_21-555                                        | SFO 2021-555 A 144A 4.91948% 05-15-38                                                           | CUSIP: 78432WAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  23809000 | PA      | $23784548.16  | 0.11%             | 2038-05-15      | Variable      | 4.94%                 | Yes           |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                                                        | CONSTELLATION BRANDS INC SR UNSEC 2.25% 08-01-31                                                | CUSIP: 21036PBH0<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |   7545000 | PA      | $6657685.37   | 0.03%             | 2031-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                                    | CENTENE CORP SR UNSEC 2.625% 08-01-31                                                           | CUSIP: 15135BAZ4<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |  40192000 | PA      | $33628967.94  | 0.16%             | 2031-08-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT)                                      | BRAZILIAN GOVERNMENT INTERNATIONAL BOND 5.5% 11-06-30                                           | CUSIP: 105756CM0<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   2000000 | PA      | $2036300.00   | 0.01%             | 2030-11-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS FINANCE BV                                                  | BRASKEM NETHERLANDS FINANCE BV REG S SR UNSEC 4.5% 01-10-28                                     | CUSIP: N/A<br>LEI: 2549000TLMHFQ74DS330       | Long             | DBT              | CORP              | NL        |  20577000 | PA      | $9993220.05   | 0.05%             | 2028-01-10      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                             | SIRIUS XM RADIO LLC 144A LIFE SR UNSEC 4.0% 07-15-28                                            | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |  11355000 | PA      | $10967294.88  | 0.05%             | 2028-07-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                                   | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 2.5% 06-01-31                                     | CUSIP: 842400HD8<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |  11312000 | PA      | $10108176.96  | 0.05%             | 2031-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE LLC                                                     | CRESCENT ENERGY FINANCE LLC 144A LIFE SR UNSEC 8.375% 01-15-34                                  | CUSIP: 45344LAG8<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |   5875000 | PA      | $6146836.25   | 0.03%             | 2034-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                   | CARNIVAL CORP 144A LIFE SR UNSEC 5.75% 08-01-32                                                 | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |  27025000 | PA      | $27049998.13  | 0.13%             | 2032-08-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| JANE STREET GROUP LLC                                                           | JANE STREET GROUP 144A LIFE SR SEC 1ST LIEN 6.125% 11-01-32                                     | CUSIP: 47077WAD0<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |   4175000 | PA      | $4132222.95   | 0.02%             | 2032-11-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                                               | JOHNSON & JOHNSON SR UNSEC 4.85% 03-01-32                                                       | CUSIP: 478160DK7<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |   3930000 | PA      | $4042916.76   | 0.02%             | 2032-03-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                                    | SM ENERGY CO SR UNSEC 6.5% 07-15-28                                                             | CUSIP: 78454LAW0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    590000 | PA      | $591831.95    | 0.00%             | 2028-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                   | TRANSDIGM INC 144A LIFE SR SEC 1ST LIEN 6.375% 03-01-29                                         | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |  12275000 | PA      | $12519432.08  | 0.06%             | 2029-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                     | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 3.25% 06-01-31                                      | CUSIP: 694308JT5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   3382000 | PA      | $3120841.96   | 0.01%             | 2031-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PARK INTERMEDIATE HOLDINGS LLC                                                  | PARK INTERMEDIATE HOLDINGS LLC 144A LIFE SR UNSEC 4.875% 05-15-29                               | CUSIP: 70052LAC7<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |  11440000 | PA      | $10989389.84  | 0.05%             | 2029-05-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                             | AMERICAN EXPRESS CO SR UNSEC 4.009% 02-09-29/28                                                 | CUSIP: 025816EN5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  12550000 | PA      | $12472641.80  | 0.06%             | 2029-02-09      | Variable      | 4.01%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                             | AMERICAN EXPRESS CO SR UNSEC 4.456% 02-10-32/31                                                 | CUSIP: 025816EP0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  12008000 | PA      | $11886226.87  | 0.06%             | 2032-02-10      | Variable      | 4.46%                 | No            |                  2 | On Loan: No      |
| STORAGEMART COMMERCIAL MORTGAGE TRUST SMRT_22-MINI                              | SMRT 2022-MINI E 144A FRN 01-15-39                                                              | CUSIP: 78457JAN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10693000 | PA      | $10659188.73  | 0.05%             | 2039-01-15      | Variable      | 6.37%                 | Yes           |                  2 | On Loan: No      |
| SFO COMMERICAL MORTGAGE TRUST SFO_21-555                                        | SFO 2021-555 B 144A FRN 05-15-38                                                                | CUSIP: 78432WAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1774000 | PA      | $1771390.45   | 0.01%             | 2038-05-15      | Variable      | 5.29%                 | Yes           |                  2 | On Loan: No      |
| ITHACA ENERGY NORTH SEA PLC                                                     | ITHACA ENERGY NORTH SEA PLC 144A LIFE SR UNSEC 8.125% 10-15-29                                  | CUSIP: 46567TAC8<br>LEI: 213800BMMUN3AKWBIO91 | Long             | DBT              | CORP              | GB        |   6010000 | PA      | $6166897.06   | 0.03%             | 2029-10-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                                                       | SUNOCO LP SR UNSEC 4.5% 05-15-29                                                                | CUSIP: 86765LAT4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   7561000 | PA      | $7378076.73   | 0.03%             | 2029-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS INC                                                    | WYNDHAM HOTELS & RESORTS INC 144A LIFE SR UNSEC 5.625% 03-01-33                                 | CUSIP: 98311AAE5<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |   2845000 | PA      | $2802174.22   | 0.01%             | 2033-03-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| LEGACY MORTGAGE ASSET TRUST LMAT_21-GS2                                         | LMAT 2021-GS2 A1 144A 5.75% 04-25-61                                                            | CUSIP: 52476DAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    578853 | PA      | $580298.44    | 0.00%             | 2061-04-25      | Variable      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                   | TRANSDIGM INC 144A LIFE SR SEC 1ST LIEN 6.625% 03-01-32                                         | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |  27480000 | PA      | $28060377.60  | 0.13%             | 2032-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| TOTALENERGIES CAPITAL SA                                                        | TOTALENERGIES CAPITAL SA SR UNSEC 5.488% 04-05-54                                               | CUSIP: 89157XAB7<br>LEI: 529900QI55ZLJVCMPA71 | Long             | DBT              | CORP              | FR        |   1225000 | PA      | $1176743.58   | 0.01%             | 2054-04-05      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC (GOVERNMENT)                                                 | DOMINICAN REPUBLIC INTERNATIONAL BOND REG S 5.875% 01-30-60                                     | CUSIP: N/A<br>LEI: 254900EHU7Q8FGVPI369       | Long             | DBT              | NUSS              | DO        |   8072000 | PA      | $6763932.40   | 0.03%             | 2060-01-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC (GOVERNMENT)                                                 | DOMINICAN REPUBLIC INTERNATIONAL BOND 144A LIFE 4.5% 01-30-30                                   | CUSIP: 25714PED6<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   5604000 | PA      | $5339491.20   | 0.03%             | 2030-01-30      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| TOPBUILD CORP                                                                   | TOPBUILD CORP 144A LIFE SR UNSEC 5.625% 01-31-34                                                | CUSIP: 89055FAD5<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |   5885000 | PA      | $5766223.05   | 0.03%             | 2034-01-31      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| TRONOX INC                                                                      | TRONOX INC 144A LIFE SR SEC 1ST LIEN 9.125% 09-30-30                                            | CUSIP: 897051AD0<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |    370000 | PA      | $369892.33    | 0.00%             | 2030-09-30      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_22-AHP                                          | BX 2022-AHP B 144A FRN 01-17-39                                                                 | CUSIP: 05610FAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2951748 | PA      | $2953144.39   | 0.01%             | 2039-01-17      | Variable      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_22-LP2                                          | BX 2022-LP2 D 144A FRN 02-15-39                                                                 | CUSIP: 05610HAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2100000 | PA      | $2101430.10   | 0.01%             | 2039-02-15      | Variable      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                | CCO HOLDINGS LLC 144A SR UNSEC 4.25% 01-15-34                                                   | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  49439000 | PA      | $42340746.14  | 0.20%             | 2034-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| CLARIVATE SCIENCE HOLDINGS CORP                                                 | CLARIVATE SCIENCE HOLDINGS CORP 144A LIFE SR SEC 1ST LIEN 3.875% 07-01-28                       | CUSIP: 18064PAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3870000 | PA      | $3655512.99   | 0.02%             | 2028-07-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| PFIZER INC                                                                      | PFIZER INC SR UNSEC 4.5% 11-15-32                                                               | CUSIP: 717081FE8<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1438601.55   | 0.01%             | 2032-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                                                      | PFIZER INC SR UNSEC 4.875% 11-15-35                                                             | CUSIP: 717081FF5<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2178860.20   | 0.01%             | 2035-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| JANE STREET GROUP LLC                                                           | JANE STREET GROUP 144A LIFE SR SEC 1ST LIEN 6.75% 05-01-33                                      | CUSIP: 47077WAE8<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |  22065000 | PA      | $22402109.07  | 0.11%             | 2033-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| JERSEY CENTRAL POWER & LIGHT COMPANY                                            | JERSEY CENTRAL POWER & LIGHT CO SR UNSEC 5.1% 01-15-35                                          | CUSIP: 476556DF9<br>LEI: 549300W9UGH9ZPLNPF79 | Long             | DBT              | CORP              | US        |    450000 | PA      | $450014.85    | 0.00%             | 2035-01-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                                                 | PHILIP MORRIS INTERNATIONAL INC SR UNSEC 5.25% 02-13-34                                         | CUSIP: 718172DJ5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |  14619000 | PA      | $14892945.44  | 0.07%             | 2034-02-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                                                 | PHILIP MORRIS INTERNATIONAL INC SR UNSEC 5.125% 02-13-31                                        | CUSIP: 718172DH9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    728000 | PA      | $745172.79    | 0.00%             | 2031-02-13      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SFO COMMERICAL MORTGAGE TRUST SFO_21-555                                        | SFO 2021-555 C 144A FRN 05-15-38                                                                | CUSIP: 78432WAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2905000 | PA      | $2890451.76   | 0.01%             | 2038-05-15      | Variable      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC - STACR 2020-DNA2                                                   | STACR 2020-DNA2 B2 144A FRN 02-25-50                                                            | CUSIP: 35565KBE7<br>LEI: 5493007ZK0X40BI7UF30 | Long             | ABS-CBDO         | CORP              | US        |  15621000 | PA      | $17176835.98  | 0.08%             | 2050-02-25      | Variable      | 8.58%                 | Yes           |                  2 | On Loan: No      |
| TRANSOCEAN INTERNATIONAL LTD                                                    | TRANSOCEAN INTERNATIONAL LTD 144A LIFE SR UNSEC 7.875% 10-15-32                                 | CUSIP: 893814AA1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |   4925000 | PA      | $5265760.75   | 0.02%             | 2032-10-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                           | TRUIST FINANCIAL CORP SR UNSEC 4.964% 10-23-36/35                                               | CUSIP: 89788MAV4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |  16766000 | PA      | $16246337.83  | 0.08%             | 2036-10-23      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DC4756 04-01-55                                                                   | CUSIP: 3140ASJA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     33505 | PA      | $34533.67     | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QY5512 05-01-55                                                                   | CUSIP: 31426QDS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    714428 | PA      | $728748.96    | 0.00%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTERPRISES PTE LTD                                           | PFIZER INVESTMENT ENTERPRISES PTE LTD SR UNSEC 5.3% 05-19-53                                    | CUSIP: 716973AG7<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |  18017000 | PA      | $16756494.65  | 0.08%             | 2053-05-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                                                      | PACIFICORP SR SEC 1ST LIEN 5.5% 05-15-54                                                        | CUSIP: 695114DA3<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |  26852000 | PA      | $23567705.03  | 0.11%             | 2054-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                             | SIRIUS XM RADIO LLC 144A SR UNSEC 3.875% 09-01-31                                               | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |  37355000 | PA      | $33949307.30  | 0.16%             | 2031-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| SUMMIT DIGITEL INFRASTRUCTURE PVT LTD                                           | SUMMIT DIGITEL INFRASTRUCTURE LTD REG S SR SEC 1ST LIEN 2.875% 08-12-31                         | CUSIP: N/A<br>LEI: 3358004TNI1SSIQ9BQ37       | Long             | DBT              | CORP              | IN        |   1800000 | PA      | $1620237.60   | 0.01%             | 2031-08-12      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES TRUST GCAR_23-3A                                           | GCAR 2023-3A E 144A 9.27% 08-15-30                                                              | CUSIP: 36267PAL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3100000 | PA      | $3275621.20   | 0.02%             | 2030-08-15      | Fixed         | 9.27%                 | Yes           |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES ISSUER TRUST GCAR_23-4                                     | GCAR 2023-4A E 144A 9.72% 08-15-30                                                              | CUSIP: 362929AG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6660000 | PA      | $7181537.94   | 0.03%             | 2030-08-15      | Fixed         | 9.72%                 | Yes           |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                                                            | TARGA RESOURCES CORP SR UNSEC 5.4% 07-30-36                                                     | CUSIP: 87612GAS0<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |   9945000 | PA      | $9876478.95   | 0.05%             | 2036-07-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| TRANSPORTADORA DE GAS DEL SUR SA                                                | TRANSPORTADORA DE GAS DEL SUR SA 144A LIFE SR UNSEC 7.75% 11-20-35                              | CUSIP: 893870AZ8<br>LEI: 5299002TRC7IFQYSW596 | Long             | DBT              | CORP              | AR        |    945000 | PA      | $960800.40    | 0.00%             | 2035-11-20      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_20-DNA6                                     | STACR 2020-DNA6 B2 144A FRN 12-25-50                                                            | CUSIP: 35566CBE4<br>LEI: 5493000ITBQFEOXM0S98 | Long             | ABS-CBDO         | CORP              | US        |  13800000 | PA      | $16084962.60  | 0.08%             | 2050-12-25      | Variable      | 9.31%                 | Yes           |                  2 | On Loan: No      |
| SDR 2024-DSNY                                                                   | SDR 2024-DSNY B 144A FRN 05-15-39                                                               | CUSIP: 811304AE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5875000 | PA      | $5873078.88   | 0.03%             | 2039-05-15      | Variable      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| PACIFICORP                                                                      | PACIFICORP SR SEC 1ST LIEN 2.9% 06-15-52                                                        | CUSIP: 695114CY2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   1982000 | PA      | $1130009.55   | 0.01%             | 2052-06-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP INC                                                      | PERFORMANCE FOOD GROUP INC 144A LIFE SR UNSEC 4.25% 08-01-29                                    | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   7902000 | PA      | $7596816.86   | 0.04%             | 2029-08-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC - STACR 2020-DNA1                                                   | STACR 2020-DNA1 B2 144A FRN 01-25-50                                                            | CUSIP: 35565HBE4<br>LEI: 5493003FQV7GR462GO02 | Long             | ABS-CBDO         | CORP              | US        |   8700000 | PA      | $9675383.10   | 0.05%             | 2050-01-25      | Variable      | 9.03%                 | Yes           |                  2 | On Loan: No      |
| CLARIVATE SCIENCE HOLDINGS CORP                                                 | CLARIVATE SCIENCE HOLDINGS CORP 144A LIFE SR UNSEC 4.875% 07-01-29                              | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5420000 | PA      | $4709497.62   | 0.02%             | 2029-07-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                                       | CAESARS ENTERTAINMENT INC 144A LIFE SR UNSEC 4.625% 10-15-29                                    | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   6774000 | PA      | $6518823.42   | 0.03%             | 2029-10-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC AND GAS COMPANY                                         | PUBLIC SERVICE ELECTRIC AND GAS CO SR SEC 1ST LIEN 1.9% 08-15-31                                | CUSIP: 74456QCH7<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |   5783000 | PA      | $5069898.27   | 0.02%             | 2031-08-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                                                       | PROSUS NV REG S SR UNSEC 4.987% 01-19-52                                                        | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | DBT              | CORP              | NL        |   3350000 | PA      | $2554716.70   | 0.01%             | 2052-01-19      | Fixed         | 4.99%                 | Yes           |                  2 | On Loan: No      |
| TRANSOCEAN INTERNATIONAL LTD                                                    | TRANSOCEAN INTERNATIONAL LTD 144A LIFE SR UNSEC 8.5% 05-15-31                                   | CUSIP: 893830BZ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |   4185000 | PA      | $4391793.41   | 0.02%             | 2031-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| TRANSOCEAN INTERNATIONAL LTD                                                    | TRANSOCEAN INTERNATIONAL LTD 144A LIFE SR UNSEC 8.25% 05-15-29                                  | CUSIP: 893830BY4<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |   4882000 | PA      | $5047397.28   | 0.02%             | 2029-05-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                                | CHS 144A LIFE SR SEC 2ND LIEN 6.875% 04-15-29                                                   | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1155201.60   | 0.01%             | 2029-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                                              | CLEAR CHANNEL OUTDOOR HOLDINGS INC 144A LIFE SR UNSEC 7.75% 04-15-28                            | CUSIP: 18453HAC0<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   6335000 | PA      | $6369399.05   | 0.03%             | 2028-04-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV                                  | TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV SR UNSEC 4.1% 10-01-46                           | CUSIP: 88167AAF8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |  30210000 | PA      | $22430804.16  | 0.11%             | 2046-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV                                  | TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV SR UNSEC 6.75% 03-01-28                          | CUSIP: 88167AAK7<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |  29705000 | PA      | $30460249.63  | 0.14%             | 2028-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GCAR 2024-2A                                                                    | GCAR 2024-2A E 144A 7.98% 05-15-31                                                              | CUSIP: 37964VAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4227000 | PA      | $4407797.24   | 0.02%             | 2031-05-15      | Fixed         | 7.98%                 | Yes           |                  2 | On Loan: No      |
| GGAMMT 2025-1A                                                                  | GGAMMT 2025-1A A 144A 5.923% 09-30-60                                                           | CUSIP: 36173XAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12195939 | PA      | $12190743.66  | 0.06%             | 2060-09-30      | Fixed         | 5.92%                 | Yes           |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                     | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 4.4% 03-01-32                                       | CUSIP: 694308KC0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   5384000 | PA      | $5193605.61   | 0.02%             | 2032-03-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                                                 | PHILIP MORRIS INTERNATIONAL INC SR UNSEC 5.75% 11-17-32                                         | CUSIP: 718172CX5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   3636000 | PA      | $3829340.66   | 0.02%             | 2032-11-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDINGS INC                                                   | JH NORTH AMERICA HOLDINGS INC 144A LIFE SR SEC 1ST LIEN 5.875% 01-31-31                         | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |   4055000 | PA      | $4024125.23   | 0.02%             | 2031-01-31      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDINGS INC                                                   | JH NORTH AMERICA HOLDINGS INC 144A LIFE SR UNSEC 6.125% 07-31-32                                | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |   6810000 | PA      | $6793826.25   | 0.03%             | 2032-07-31      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 5.5 RQ0022 05-01-55                                                                   | CUSIP: 3142J6AY9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1577786 | PA      | $1586648.20   | 0.01%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DC7035 12-01-54                                                                   | CUSIP: 3140AUY98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   8289563 | PA      | $8456158.21   | 0.04%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD                                                            | TENCENT HOLDINGS LTD REG S SR UNSEC 3.975% 04-11-29                                             | CUSIP: 88032XAN4<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | CN        |   1070000 | PA      | $1066671.23   | 0.01%             | 2029-04-11      | Fixed         | 3.98%                 | Yes           |                  2 | On Loan: No      |
| TOTALENERGIES CAPITAL INTERNATIONAL SA                                          | TOTALENERGIES CAPITAL INTERNATIONAL SA SR UNSEC 3.127% 05-29-50                                 | CUSIP: 89153VAV1<br>LEI: 549300U37G2I8G4RUG09 | Long             | DBT              | CORP              | FR        |  10211000 | PA      | $6756189.84   | 0.03%             | 2050-05-29      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW YORK MELLON CORP                                                    | BANK OF NEW YORK MELLON CORP SR UNSEC 5.06% 07-22-32/31                                         | CUSIP: 06406RBZ9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   3930000 | PA      | $4007232.36   | 0.02%             | 2032-07-22      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                                                            | BOSTON PROPERTIES LP SR UNSEC 5.75% 01-15-35                                                    | CUSIP: 10112RBJ2<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |  38233000 | PA      | $38039311.62  | 0.18%             | 2035-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GCI 2020-1                                                                      | GCI 2020-1 B 144A 3.81% 10-18-45                                                                | CUSIP: 36166VAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     70730 | PA      | $66772.92     | 0.00%             | 2045-10-18      | Fixed         | 3.81%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING LLC HERTZ_21-2                                          | HERTZ 2021-2A C 144A 2.52% 12-27-27                                                             | CUSIP: 42806MAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    826000 | PA      | $815255.39    | 0.00%             | 2027-12-27      | Fixed         | 2.52%                 | Yes           |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                           | TENET HEALTHCARE CORP SR SEC 1ST LIEN 6.75% 05-15-31                                            | CUSIP: 88033GDU1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |  23610000 | PA      | $24146608.08  | 0.11%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSPORTADORA DE GAS DEL SUR SA                                                | TRANSPORTADORA DE GAS DEL SUR SA 144A LIFE SR UNSEC 8.5% 07-24-31                               | CUSIP: 893870AY1<br>LEI: 5299002TRC7IFQYSW596 | Long             | DBT              | CORP              | AR        |  10930000 | PA      | $11537500.33  | 0.05%             | 2031-07-24      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                                                              | EXPAND ENERGY CORP 144A LIFE SR UNSEC 5.875% 02-01-29                                           | CUSIP: 165167DG9<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |   2709000 | PA      | $2710825.87   | 0.01%             | 2029-02-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                            | CLEVELAND-CLIFFS INC 144A LIFE SR UNSEC 4.625% 03-01-29                                         | CUSIP: 185899AK7<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    495000 | PA      | $472750.74    | 0.00%             | 2029-03-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| MOROCCO (KINGDOM OF)                                                            | MOROCCO GOVERNMENT INTERNATIONAL BOND REG S 5.95% 03-08-28                                      | CUSIP: N/A<br>LEI: 529900F3MBW9XY5K1X07       | Long             | DBT              | NUSS              | MA        |   6100000 | PA      | $6208201.80   | 0.03%             | 2028-03-08      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                     | MEXICO GOVERNMENT INTERNATIONAL BOND 6.338% 05-04-53                                            | CUSIP: 91087BAX8<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   6670000 | PA      | $6219775.00   | 0.03%             | 2053-05-04      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                                                | LAMAR MEDIA CORP SR UNSEC 3.625% 01-15-31                                                       | CUSIP: 513075BZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6018954.50   | 0.03%             | 2031-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ACCENDRA HEALTH INC                                                             | ACCENDRA HEALTH INC 144A LIFE SR UNSEC 6.625% 04-01-30                                          | CUSIP: 690732AG7<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |  36277000 | PA      | $17290887.90  | 0.08%             | 2030-04-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| BROADCOM INC                                                                    | BROADCOM INC SR UNSEC 4.8% 10-15-34                                                             | CUSIP: 11135FCD1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   7577000 | PA      | $7465640.83   | 0.04%             | 2034-10-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                    | BROADCOM INC SR UNSEC 4.55% 02-15-32                                                            | CUSIP: 11135FCC3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   6095000 | PA      | $6044472.45   | 0.03%             | 2032-02-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                           | TRUIST FINANCIAL CORP SR UNSEC 5.153% 08-05-32/31                                               | CUSIP: 89788MAT9<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |  16567000 | PA      | $16790952.71  | 0.08%             | 2032-08-05      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAPITAL SA                                                        | TOTALENERGIES CAPITAL SA SR UNSEC 5.275% 09-10-54                                               | CUSIP: 89157XAE1<br>LEI: 529900QI55ZLJVCMPA71 | Long             | DBT              | CORP              | FR        |   3025000 | PA      | $2823674.15   | 0.01%             | 2054-09-10      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| EART 2023-2A                                                                    | EART 2023-2A E 144A 9.75% 11-15-30                                                              | CUSIP: 30168CAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4243000 | PA      | $4557673.61   | 0.02%             | 2030-11-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_23-3                                   | EART 2023-3A E 144A 9.98% 01-15-31                                                              | CUSIP: 301989AG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12466000 | PA      | $13342085.55  | 0.06%             | 2031-01-15      | Fixed         | 9.98%                 | Yes           |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                                                            | BOSTON PROPERTIES LP SR UNSEC 6.5% 01-15-34                                                     | CUSIP: 10112RBH6<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |  13573000 | PA      | $14229485.29  | 0.07%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BBVA MEXICO SA INSTITUCION DE BANCA MULTIPLE GRUPO FINANCIERO BBVA MEXICO/TX    | BBVA BANCOMER SA 144A LIFE SUB (H) 8.45% 06-29-38/33                                            | CUSIP: 07336UAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1362000 | PA      | $1465443.90   | 0.01%             | 2038-06-29      | Variable      | 8.45%                 | Yes           |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS IV LTD TCML_20-2                                    | TMCL 2020-2A B 144A 3.34% 09-20-45                                                              | CUSIP: 88315LAH1<br>LEI: 549300WW1K7EYP0YPC14 | Long             | ABS-O            | CORP              | BM        |    223936 | PA      | $212496.10    | 0.00%             | 2045-09-20      | Fixed         | 3.34%                 | Yes           |                  2 | On Loan: No      |
| TAL ADVANTAGE VII LLC TAL_20-1A                                                 | TAL 2020-1A B 144A 3.29% 09-20-45                                                               | CUSIP: 87407RAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1390025 | PA      | $1337013.62   | 0.01%             | 2045-09-20      | Fixed         | 3.29%                 | Yes           |                  2 | On Loan: No      |
| FARM MORTGAGE TRUST FARM_25-1                                                   | FARM 2025-1 A1 144A FRN 08-01-55                                                                | CUSIP: 30768CAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  27706366 | PA      | $27936051.52  | 0.13%             | 2055-08-01      | Variable      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 FA0287 12-01-54                                                                   | CUSIP: 3140W0J97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    748131 | PA      | $763029.67    | 0.00%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS FINANCE BV                                                  | BRASKEM NETHERLANDS FINANCE BV 144A LIFE SR UNSEC 8.0% 10-15-34                                 | CUSIP: 10554TAJ4<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |  13495000 | PA      | $6283811.80   | 0.03%             | 2034-10-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS FINANCE BV                                                  | BRASKEM NETHERLANDS FINANCE BV REG S SR UNSEC 8.0% 10-15-34                                     | CUSIP: N/A<br>LEI: 2549000TLMHFQ74DS330       | Long             | DBT              | CORP              | NL        |  10160000 | PA      | $4730902.40   | 0.02%             | 2034-10-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                     | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 6.4% 06-15-33                                       | CUSIP: 694308KM8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |  17877000 | PA      | $18983943.84  | 0.09%             | 2033-06-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| SONIC AUTOMOTIVE INC                                                            | SONIC AUTOMOTIVE INC 144A LIFE SR UNSEC 4.625% 11-15-29                                         | CUSIP: 83545GBD3<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |  15085000 | PA      | $14632585.77  | 0.07%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                                           | MINERAL RESOURCES LTD 144A LIFE SR UNSEC 8.5% 05-01-30                                          | CUSIP: 603051AD5<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   5016000 | PA      | $5160746.71   | 0.02%             | 2030-05-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS LLC                                                    | DISCOVERY COMMUNICATIONS LLC SR UNSEC 3.625% 05-15-30                                           | CUSIP: 25470DCC1<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $930975.00    | 0.00%             | 2030-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MOROCCO (KINGDOM OF)                                                            | MOROCCO GOVERNMENT INTERNATIONAL BOND EUR 144A LIFE 3.875% 04-02-29                             | CUSIP: N/A<br>LEI: 529900F3MBW9XY5K1X07       | Long             | DBT              | NUSS              | MA        |   3250000 | PA      | $3737249.13   | 0.02%             | 2029-04-02      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| BANK OF NEW YORK MELLON CORP                                                    | BANK OF NEW YORK MELLON CORP SR UNSEC 5.225% 11-20-35/34                                        | CUSIP: 06406RCA3<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   6638000 | PA      | $6734416.95   | 0.03%             | 2035-11-20      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                                   | BOEING CO SR UNSEC 7.008% 05-01-64                                                              | CUSIP: 097023DU6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2073000 | PA      | $2293884.37   | 0.01%             | 2064-05-01      | Fixed         | 7.01%                 | No            |                  2 | On Loan: No      |
| SONIC AUTOMOTIVE INC                                                            | SONIC AUTOMOTIVE INC 144A LIFE SR UNSEC 4.875% 11-15-31                                         | CUSIP: 83545GBE1<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |   7680000 | PA      | $7296345.60   | 0.03%             | 2031-11-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| STILLWATER MINING COMPANY                                                       | STILLWATER MINING CO REG S SR UNSEC 4.0% 11-16-26                                               | CUSIP: N/A<br>LEI: 6354007DPCY4ZN2MRR73       | Long             | DBT              | CORP              | US        |  10125000 | PA      | $10049143.50  | 0.05%             | 2026-11-16      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST LADAR_23-1A                                          | LADAR 2023-1A C 144A 6.18% 12-15-27                                                             | CUSIP: 505710AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1450996 | PA      | $1452778.05   | 0.01%             | 2027-12-15      | Fixed         | 6.18%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_24-A                                     | MLANE 2024-A E 144A 13.69% 08-15-29                                                             | CUSIP: 60510MBD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5700000 | PA      | $5735351.40   | 0.03%             | 2029-08-15      | Fixed         | 13.69%                | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QJ1163 08-01-54                                                                   | CUSIP: 3133CRJG9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    114544 | PA      | $116860.40    | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QX9257 04-01-55                                                                   | CUSIP: 31426GJB2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    553082 | PA      | $564117.31    | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                     | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 5.8% 05-15-34                                       | CUSIP: 694308KR7<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    656000 | PA      | $672407.22    | 0.00%             | 2034-05-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER LLC                                                       | PANTHER ESCROW ISSUER LLC 144A LIFE SR SEC 1ST LIEN 7.125% 06-01-31                             | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2370000 | PA      | $2379157.68   | 0.01%             | 2031-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                                | BAT CAPITAL CORP SR UNSEC 7.081% 08-02-53                                                       | CUSIP: 054989AD0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |  30438000 | PA      | $33666345.59  | 0.16%             | 2053-08-02      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                                | BAT CAPITAL CORP SR UNSEC 6.421% 08-02-33                                                       | CUSIP: 054989AB4<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   5398000 | PA      | $5856587.09   | 0.03%             | 2033-08-02      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                                    | NAVIENT CORP SR UNSEC 5.625% 08-01-33                                                           | CUSIP: 78442FAZ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |  31990000 | PA      | $24974209.12  | 0.12%             | 2033-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                                                              | EXPAND ENERGY CORP SR UNSEC 4.75% 02-01-32                                                      | CUSIP: 845467AT6<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |   1236000 | PA      | $1204809.54   | 0.01%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DC3397 06-01-55                                                                   | CUSIP: 3140AQX31<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1090758 | PA      | $1112941.05   | 0.01%             | 2055-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QX3614 01-01-55                                                                   | CUSIP: 31425YAQ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1426876 | PA      | $1455368.84   | 0.01%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                                   | BOEING CO SR UNSEC 6.388% 05-01-31                                                              | CUSIP: 097023DR3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    768000 | PA      | $819276.29    | 0.00%             | 2031-05-01      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                                   | BOEING CO SR UNSEC 6.858% 05-01-54                                                              | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |  10949000 | PA      | $12060049.78  | 0.06%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| 3R LUX SARL                                                                     | 3R LUX SARL 144A LIFE SR SEC 1ST LIEN 9.75% 02-05-31                                            | CUSIP: 88563PAA6<br>LEI: 9845007D0DF0BEFD8D97 | Long             | DBT              | CORP              | LU        |   7441000 | PA      | $7645627.50   | 0.04%             | 2031-02-05      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| FIBRA SOMA TRUST F/6185                                                         | FIBRA SOMA TRUST F REG S SR UNSEC 4.375% 07-22-31                                               | CUSIP: N/A<br>LEI: 549300PN33H8IMG2PD83       | Long             | DBT              | CORP              | MX        |   5000000 | PA      | $4565420.00   | 0.02%             | 2031-07-22      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-B                                     | MLANE 2025-B D 144A 5.8% 09-15-31                                                               | CUSIP: 60510MBX5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1143000 | PA      | $1126531.66   | 0.01%             | 2031-09-15      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| MMP 2025-A                                                                      | MMP 2025-A B 144A 5.72% 12-15-31                                                                | CUSIP: 55317QAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2821000 | PA      | $2851238.30   | 0.01%             | 2031-12-15      | Fixed         | 5.72%                 | Yes           |                  2 | On Loan: No      |
| BHP BILLITON FINANCE (USA) LTD                                                  | BHP BILLITON FINANCE USA LTD SR UNSEC 5.25% 09-08-33                                            | CUSIP: 055451BE7<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |   7166000 | PA      | $7320728.27   | 0.03%             | 2033-09-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS FINANCE BV                                                  | BRASKEM NETHERLANDS FINANCE BV REG S SR UNSEC 8.5% 01-12-31                                     | CUSIP: N/A<br>LEI: 2549000TLMHFQ74DS330       | Long             | DBT              | CORP              | NL        |   5258000 | PA      | $2497550.00   | 0.01%             | 2031-01-12      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QY3449 05-01-55                                                                   | CUSIP: 31426MZP0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    834458 | PA      | $851366.18    | 0.00%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DC3465 09-01-54                                                                   | CUSIP: 3140AQZ70<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1569630 | PA      | $1601531.17   | 0.01%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                                   | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 3.45% 02-01-52                                    | CUSIP: 842400HN6<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   1920000 | PA      | $1257966.72   | 0.01%             | 2052-02-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES HOLDINGS LP                                                    | SCIENTIFIC GAMES HOLDINGS LP 144A LIFE SR UNSEC 6.625% 03-01-30                                 | CUSIP: 80874DAA4<br>LEI: 549300W5GPFXXB6TQ330 | Long             | DBT              | CORP              | US        |  27835000 | PA      | $23970165.92  | 0.11%             | 2030-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| BPCE SA                                                                         | BPCE SA 144A LIFE SR NON PREF 6.293% 01-14-36/35                                                | CUSIP: 05571ABA2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |  16456000 | PA      | $17233891.58  | 0.08%             | 2036-01-14      | Variable      | 6.29%                 | Yes           |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                                | BAT CAPITAL CORP SR UNSEC 5.35% 08-15-32                                                        | CUSIP: 05526DCB9<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1566268.03   | 0.01%             | 2032-08-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| SANDS CHINA LTD                                                                 | SANDS CHINA LTD SR UNSEC 3.25% 08-08-31                                                         | CUSIP: 80007RAS4<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | MO        |   1500000 | PA      | $1358665.50   | 0.01%             | 2031-08-08      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                                                 | SEALED AIR CORP 144A LIFE SR UNSEC 6.125% 02-01-28                                              | CUSIP: 812127AA6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |  11315000 | PA      | $11463860.14  | 0.05%             | 2028-02-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS FINANCE BV                                                  | BRASKEM NETHERLANDS FINANCE BV 144A LIFE SR UNSEC 8.5% 01-12-31                                 | CUSIP: 10554TAH8<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |   9246000 | PA      | $4391850.00   | 0.02%             | 2031-01-12      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| B&G FOODS INC                                                                   | B&G FOODS INC 144A LIFE SR SEC 1ST LIEN 8.0% 09-15-28                                           | CUSIP: 05508WAC9<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |  35490000 | PA      | $34991578.44  | 0.16%             | 2028-09-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                                                       | SUNOCO LP SR UNSEC 4.5% 04-30-30                                                                | CUSIP: 86765LAZ0<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    525000 | PA      | $506424.98    | 0.00%             | 2030-04-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AMBIPAR LUX SARL                                                                | AMBIPAR LUX SARL 144A LIFE SR UNSEC 9.875% 02-06-31                                             | CUSIP: 02319WAA9<br>LEI: 9845008C0E14F9BDEK55 | Long             | DBT              | CORP              | LU        |   4870000 | PA      | $916777.50    | 0.00%             | 2031-02-06      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                                             | SYNCHRONY FINANCIAL SUB 7.25% 02-02-33                                                          | CUSIP: 87165BAU7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |  32939000 | PA      | $33666951.90  | 0.16%             | 2033-02-02      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                                         | SASOL FINANCING USA LLC 144A LIFE SR UNSEC 8.75% 05-03-29                                       | CUSIP: 80386WAF2<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |   6494000 | PA      | $6762897.06   | 0.03%             | 2029-05-03      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                                     | ROYAL CARIBBEAN CRUISES LTD SR UNSEC 4.75% 05-15-33                                             | CUSIP: 78017TAC7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | US        |  16887000 | PA      | $16310275.18  | 0.08%             | 2033-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES LP                                                         | RHP HOTEL PROPERTIES LP 144A LIFE SR UNSEC 5.75% 03-15-34                                       | CUSIP: 74984CAA6<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |   5275000 | PA      | $5209822.10   | 0.02%             | 2034-03-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                                         | SASOL FINANCING USA LLC REG S SR UNSEC 8.75% 05-03-29                                           | CUSIP: N/A<br>LEI: 549300XRB1PFMESFEL85       | Long             | DBT              | CORP              | US        |   2540000 | PA      | $2645173.78   | 0.01%             | 2029-05-03      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| STATE STREET CORP                                                               | STATE STREET CORP SR UNSEC 5.159% 05-18-34/33                                                   | CUSIP: 857477CC5<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   3337000 | PA      | $3380277.55   | 0.02%             | 2034-05-18      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| BORR IHC LTD                                                                    | BORR IHC LTD 144A LIFE SR SEC 1ST LIEN SF 10.375% 11-15-30                                      | CUSIP: 100018AB6<br>LEI: 254900WQF2MM46DNLY83 | Long             | DBT              | CORP              | US        |   2305136 | PA      | $2341764.53   | 0.01%             | 2030-11-15      | Fixed         | 10.38%                | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                            | BANK OF AMERICA CORP SR UNSEC 5.468% 01-23-35/34                                                | CUSIP: 06051GMA4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   4876000 | PA      | $4978986.00   | 0.02%             | 2035-01-23      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QJ3870 09-01-54                                                                   | CUSIP: 3133CUJP2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1478521 | PA      | $1509296.63   | 0.01%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QJ3734 09-01-54                                                                   | CUSIP: 3133CUEF9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1542911 | PA      | $1575298.36   | 0.01%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                     | PROLOGIS LP SR UNSEC 5.125% 01-15-34                                                            | CUSIP: 74340XCH2<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |   3379000 | PA      | $3417355.03   | 0.02%             | 2034-01-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC                                                | PNC FINANCIAL SERVICES GROUP INC SR UNSEC 5.939% 08-18-34/33                                    | CUSIP: 693475BS3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |  16013000 | PA      | $16777636.76  | 0.08%             | 2034-08-18      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| SEADRILL FINANCE LTD                                                            | SEADRILL FINANCE LTD 144A LIFE SR SEC 2ND LIEN 8.375% 08-01-30                                  | CUSIP: 81172QAA2<br>LEI: 213800WMN3OHFUDHD642 | Long             | DBT              | CORP              | BM        |   5395000 | PA      | $5583112.86   | 0.03%             | 2030-08-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                        | SERVICE PROPERTIES TRUST 144A LIFE SR SEC 1ST LIEN 8.625% 11-15-31                              | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |  15848000 | PA      | $16562618.02  | 0.08%             | 2031-11-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                                                             | COINBASE GLOBAL INC 144A LIFE SR UNSEC 3.375% 10-01-28                                          | CUSIP: 19260QAC1<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |  32177000 | PA      | $30145633.81  | 0.14%             | 2028-10-01      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                                                             | COINBASE GLOBAL INC 144A LIFE SR UNSEC 3.625% 10-01-31                                          | CUSIP: 19260QAD9<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |  41485000 | PA      | $35103860.27  | 0.16%             | 2031-10-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 BU4711 07-01-54                                                                   | CUSIP: 3140M6GV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    789820 | PA      | $805982.36    | 0.00%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QJ4536 09-01-54                                                                   | CUSIP: 3133CVBD5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1073188 | PA      | $1094796.58   | 0.01%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                                      | CAPITAL ONE FINANCIAL CORP SR UNSEC 5.7% 02-01-30/29                                            | CUSIP: 14040HDE2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  19743000 | PA      | $20257897.44  | 0.10%             | 2030-02-01      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                                      | CAPITAL ONE FINANCIAL CORP SR UNSEC 6.051% 02-01-35/34                                          | CUSIP: 14040HDF9<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  18455000 | PA      | $19080329.22  | 0.09%             | 2035-02-01      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                                                         | TALEN ENERGY SUPPLY LLC TL-B 1ST LIEN (TSFR3M+200) (FLR 0.0) FRN 11-25-32                       | CUSIP: 87422LBA7<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |   1325000 | PA      | $1327691.08   | 0.01%             | 2032-11-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| TREEHOUSE FOODS INC                                                             | TREEHOUSE FOODS INC TL-B 1ST LIEN (TSFR1M+425) (FLR 0.0) FRN 02-11-33                           | CUSIP: 89468XAX3<br>LEI: 5493007M7EVHE470Q576 | Long             | LON              | CORP              | US        |  26514000 | PA      | $26447715.00  | 0.12%             | 2033-02-11      | Variable      | 7.92%                 | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                                            | SAMARCO MINERACAO SA REG S SR UNSEC PIK 9.0% 06-30-31/12-30-25                                  | CUSIP: N/A<br>LEI: 529900U8HKV15GJC4O60       | Long             | DBT              | CORP              | BR        |   4795296 | PA      | $4721122.36   | 0.02%             | 2031-06-30      | Variable      | 9.00%                 | Yes           |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                                            | SAMARCO MINERACAO SA 144A LIFE SR UNSEC PIK 9.0% 06-30-31                                       | CUSIP: 79588YAA7<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |   8057279 | PA      | $7932649.01   | 0.04%             | 2031-06-30      | Variable      | 9.00%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                                   | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 5.2% 06-01-34                                     | CUSIP: 842400HZ9<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |  24545000 | PA      | $24373823.17  | 0.11%             | 2034-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| TALOS PRODUCTION INC                                                            | TALOS PRODUCTION INC 144A LIFE SR SEC 2ND LIEN 9.375% 02-01-31                                  | CUSIP: 87485LAE4<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |  14475000 | PA      | $15348305.70  | 0.07%             | 2031-02-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DD9268 05-01-55                                                                   | CUSIP: 3140BAJN7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    926787 | PA      | $945562.16    | 0.00%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DC7023 12-01-54                                                                   | CUSIP: 3140AUYV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    873133 | PA      | $890691.54    | 0.00%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                                                 | PHILIP MORRIS INTERNATIONAL INC SR UNSEC 5.625% 09-07-33                                        | CUSIP: 718172DE6<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   6050000 | PA      | $6314911.35   | 0.03%             | 2033-09-07      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                                                        | SENSATA TECHNOLOGIES INC 144A LIFE SR UNSEC 3.75% 02-15-31                                      | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    380000 | PA      | $352738.80    | 0.00%             | 2031-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                   | TRANSDIGM INC TL-N 1ST LIEN (TSFR1M+250) (FLR 0.0) FRN 02-13-33                                 | CUSIP: 89364MCG7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   1000000 | PA      | $1001406.00   | 0.00%             | 2033-02-13      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| UNITED NATURAL FOODS INC                                                        | UNITED NATURAL FOODS INC TL-B 1ST LIEN (TSFR3M+475)(FLR 0.0) FRN 05-01-31                       | CUSIP: 91116KAD7<br>LEI: 549300GKGW6WPZ282D40 | Long             | LON              | CORP              | US        |   4798486 | PA      | $4831475.50   | 0.02%             | 2031-05-01      | Variable      | 8.42%                 | No            |                  2 | On Loan: No      |
| TALOS PRODUCTION INC                                                            | TALOS PRODUCTION INC 144A LIFE SR SEC 2ND LIEN 9.0% 02-01-29                                    | CUSIP: 87485LAD6<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |  10630000 | PA      | $11072771.39  | 0.05%             | 2029-02-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| CREDIT ACCEPTANCE AUTO LOAN TRUST CAALT_23-3                                    | CAALT 2023-3A B 144A 7.09% 10-17-33                                                             | CUSIP: 224936AC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3795000 | PA      | $3834570.47   | 0.02%             | 2033-10-17      | Fixed         | 7.09%                 | Yes           |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST 2024-A                                               | CPS 2024-A E 144A 8.42% 08-15-31                                                                | CUSIP: 22411CAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3100000 | PA      | $3214855.00   | 0.02%             | 2031-08-15      | Fixed         | 8.42%                 | Yes           |                  2 | On Loan: No      |
| KINGDOM OF SAUDI ARABIA                                                         | SAUDI GOVERNMENT INTERNATIONAL BOND 144A LIFE 5.875% 01-12-56                                   | CUSIP: 80413TBS7<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |   2991000 | PA      | $2866738.91   | 0.01%             | 2056-01-12      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| SOUTH AFRICA (REPUBLIC OF)                                                      | REPUBLIC OF SOUTH AFRICA GOVERNMENT INTERNATIONAL BOND 144A LIFE 6.125% 12-11-37                | CUSIP: 836205BH6<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   2610000 | PA      | $2424690.00   | 0.01%             | 2037-12-11      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| ALPHA BANK SA                                                                   | ALPHA BANK SA EUR REG S SR UNSEC (B) 5.0% 05-12-30/29                                           | CUSIP: N/A<br>LEI: 213800DBQIB6VBNU5C64       | Long             | DBT              | CORP              | GR        |   2605000 | PA      | $3117304.29   | 0.01%             | 2030-05-12      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                                                | AMWINS GROUP INC 144A LIFE SR SEC 1ST LIEN 6.375% 02-15-29                                      | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |   6021000 | PA      | $6059630.74   | 0.03%             | 2029-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                                | BAT CAPITAL CORP SR UNSEC 5.625% 08-15-35                                                       | CUSIP: 05526DCC7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |  35207000 | PA      | $36221876.98  | 0.17%             | 2035-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                                | BAT CAPITAL CORP SR UNSEC 6.25% 08-15-55                                                        | CUSIP: 05526DCD5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   1164000 | PA      | $1178513.92   | 0.01%             | 2055-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                     | MEXICO GOVERNMENT INTERNATIONAL BOND 6.0% 05-07-36                                              | CUSIP: 91087BAZ3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   9400000 | PA      | $9361460.00   | 0.04%             | 2036-05-07      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NGL ENERGY OPERATING LLC                                                        | NGL ENERGY OPERATING LLC 144A LIFE SR SEC 1ST LIEN 8.125% 02-15-29                              | CUSIP: 62922LAC2<br>LEI: 5493008CQD36WWZJ3O79 | Long             | DBT              | CORP              | US        |   5896000 | PA      | $6077614.49   | 0.03%             | 2029-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QJ9527 11-01-54                                                                   | CUSIP: 3133D1SQ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    733342 | PA      | $748071.01    | 0.00%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EOG RESOURCES INC                                                               | EOG RESOURCES INC SR UNSEC 4.375% 04-15-30                                                      | CUSIP: 26875PAU5<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |   3275000 | PA      | $3266363.83   | 0.02%             | 2030-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORP                                                                | EXXON MOBIL CORP SR UNSEC 2.61% 10-15-30                                                        | CUSIP: 30231GBN1<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |   5545000 | PA      | $5182451.27   | 0.02%             | 2030-10-15      | Fixed         | 2.61%                 | No            |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST ACAR_24-1                          | ACAR 2024-1 E 144A 7.98% 11-12-31                                                               | CUSIP: 02531AAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7049000 | PA      | $7255888.15   | 0.03%             | 2031-11-12      | Fixed         | 7.98%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST ACAR_23-4                          | ACAR 2023-4 E 144A 9.79% 08-12-31                                                               | CUSIP: 02530CAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9514000 | PA      | $10003143.28  | 0.05%             | 2031-08-12      | Fixed         | 9.79%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QY1975 05-01-55                                                                   | CUSIP: 31426LFR0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1759359 | PA      | $1801988.71   | 0.01%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QX7531 01-01-55                                                                   | CUSIP: 31426DLM2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   4452239 | PA      | $4542557.52   | 0.02%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALLIANT ENERGY FINANCE LLC                                                      | ALLIANT ENERGY FINANCE LLC 144A LIFE SR UNSEC 3.6% 03-01-32                                     | CUSIP: 01882YAD8<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |    967000 | PA      | $894993.31    | 0.00%             | 2032-03-01      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS INC                                                          | ADVANCE AUTO PARTS INC SR UNSEC 3.5% 03-15-32                                                   | CUSIP: 00751YAG1<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |  36817000 | PA      | $31794572.13  | 0.15%             | 2032-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QY0860 04-01-55                                                                   | CUSIP: 31426J5W5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1487455 | PA      | $1517443.43   | 0.01%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DD9841 05-01-55                                                                   | CUSIP: 3140BA5B8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    988025 | PA      | $1007969.46   | 0.00%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST CPS_22-D                                             | CPS 2022-D E 144A 12.12% 06-17-30                                                               | CUSIP: 12663UAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8000000 | PA      | $8671176.00   | 0.04%             | 2030-06-17      | Fixed         | 12.12%                | Yes           |                  2 | On Loan: No      |
| CPS 2024-C                                                                      | CPS 2024-C E 144A 8.04% 03-15-32                                                                | CUSIP: 223920AE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3875000 | PA      | $4001328.88   | 0.02%             | 2032-03-15      | Fixed         | 8.04%                 | Yes           |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                                              | ARDONAGH FINCO LTD 144A LIFE SR SEC 1ST LIEN 7.75% 02-15-31                                     | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | GB        |   8965000 | PA      | $9076677.01   | 0.04%             | 2031-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE LTD                                                      | ARDONAGH GROUP FINANCE LTD 144A LIFE SR UNSEC 8.875% 02-15-32                                   | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | GB        |  21760000 | PA      | $21341272.32  | 0.10%             | 2032-02-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                                           | HUB INTERNATIONAL LTD TL 1ST LIEN (TSFR3M+225)(FLR 0.00) FRN 06-20-30                           | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |   3334129 | PA      | $3329960.92   | 0.02%             | 2030-06-20      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| HERTZ CORPORATION (THE)                                                         | HERTZ CORPORATION (THE) TL-C 1ST LIEN (TSFR1M+361.448) FRN 06-30-28                             | CUSIP: 42804VBC4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |    893775 | PA      | $652455.71    | 0.00%             | 2028-06-30      | Variable      | 7.28%                 | No            |                  2 | On Loan: No      |
| SKYMILES IP LTD                                                                 | DELTA AIR LINES INC 144A LIFE SR SEC 1ST LIEN SF 4.75% 10-20-28                                 | CUSIP: 830867AB3<br>LEI: 2549008L7P4I8VB90936 | Long             | DBT              | CORP              | US        |    705833 | PA      | $705066.80    | 0.00%             | 2028-10-20      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                        | SERVICE PROPERTIES TRUST SR UNSEC 5.5% 12-15-27                                                 | CUSIP: 81761LAB8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   3925000 | PA      | $3934098.15   | 0.02%             | 2027-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                                  | AMAZON.COM INC SR UNSEC 3.95% 04-13-52                                                          | CUSIP: 023135CJ3<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   1695000 | PA      | $1300885.38   | 0.01%             | 2052-04-13      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| ARCOS DORADOS BV                                                                | ARCOS DORADOS BV 144A LIFE SR UNSEC 6.125% 05-27-29                                             | CUSIP: 03965TAB9<br>LEI: 549300T91OYP6I7P8G39 | Long             | DBT              | CORP              | NL        |   2000000 | PA      | $2016380.00   | 0.01%             | 2029-05-27      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QJ6718 10-01-54                                                                   | CUSIP: 3133CXPB0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    725365 | PA      | $740463.55    | 0.00%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 BU5374 01-01-55                                                                   | CUSIP: 3140M66L2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    495499 | PA      | $507408.56    | 0.00%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NGL ENERGY OPERATING LLC                                                        | NGL ENERGY OPERATING LLC 144A LIFE SR SEC 1ST LIEN 8.375% 02-15-32                              | CUSIP: 62922LAD0<br>LEI: 5493008CQD36WWZJ3O79 | Long             | DBT              | CORP              | US        |  11045000 | PA      | $11390421.33  | 0.05%             | 2032-02-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| NORTHERN STATES POWER COMPANY (MINNESOTA)                                       | NORTHERN STATES POWER CO SR SEC 1ST LIEN 5.4% 03-15-54                                          | CUSIP: 665772CY3<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $951825.00    | 0.00%             | 2054-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| QATAR (STATE OF)                                                                | QATAR GOVERNMENT INTERNATIONAL BOND 144A LIFE 3.75% 04-16-30                                    | CUSIP: 74727PBD2<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |   9185000 | PA      | $8919121.81   | 0.04%             | 2030-04-16      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| QATAR (STATE OF)                                                                | QATAR GOVERNMENT INTERNATIONAL BOND 144A LIFE 4.4% 04-16-50                                     | CUSIP: 74727PBE0<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |   7355000 | PA      | $6105010.40   | 0.03%             | 2050-04-16      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QX2195 12-01-54                                                                   | CUSIP: 31425WNM9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1655264 | PA      | $1689768.30   | 0.01%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DE4980 07-01-55                                                                   | CUSIP: 3140BHRA1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    552737 | PA      | $564699.98    | 0.00%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                                   | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 2.95% 02-01-51                                    | CUSIP: 842400GY3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   1705000 | PA      | $1026999.93   | 0.00%             | 2051-02-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| SANDS CHINA LTD                                                                 | SANDS CHINA LTD SR UNSEC 4.375% 06-18-30                                                        | CUSIP: 80007RAL9<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | MO        |   6485000 | PA      | $6261779.82   | 0.03%             | 2030-06-18      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| ARCOS DORADOS BV                                                                | ARCOS DORADOS BV REG S SR UNSEC 6.125% 05-27-29                                                 | CUSIP: N/A<br>LEI: 549300T91OYP6I7P8G39       | Long             | DBT              | CORP              | NL        |    460000 | PA      | $463767.40    | 0.00%             | 2029-05-27      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| AMGEN INC                                                                       | AMGEN INC SR UNSEC 4.2% 03-01-33                                                                | CUSIP: 031162DJ6<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |  10130000 | PA      | $9781193.71   | 0.05%             | 2033-03-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC (GOVERNMENT)                                                 | DOMINICAN REPUBLIC INTERNATIONAL BOND REG S 4.5% 01-30-30                                       | CUSIP: N/A<br>LEI: 254900EHU7Q8FGVPI369       | Long             | DBT              | NUSS              | DO        |   7978000 | PA      | $7601438.40   | 0.04%             | 2030-01-30      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC (GOVERNMENT)                                                 | DOMINICAN REPUBLIC INTERNATIONAL BOND REG S 4.875% 09-23-32                                     | CUSIP: N/A<br>LEI: 254900EHU7Q8FGVPI369       | Long             | DBT              | NUSS              | DO        |   6775000 | PA      | $6259422.50   | 0.03%             | 2032-09-23      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DC6437 11-01-54                                                                   | CUSIP: 3140AUEK5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    922984 | PA      | $941413.66    | 0.00%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CUYAHOGA CNTY OHIO PORT AUTH                                          | UNITED STATES OF AMERICA 4.425% 05-01-31                                                        | CUSIP: 18611CAA4<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   5920000 | PA      | $5366924.00   | 0.03%             | 2031-05-01      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                       | AMGEN INC SR UNSEC 4.875% 03-01-53                                                              | CUSIP: 031162DK3<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   4817000 | PA      | $4180187.78   | 0.02%             | 2053-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALPHA BANK SA                                                                   | ALPHA BANK SA EUR REG S SR UNSEC (B) 7.5% 06-16-27/26                                           | CUSIP: N/A<br>LEI: 213800DBQIB6VBNU5C64       | Long             | DBT              | CORP              | GR        |    100000 | PA      | $116869.84    | 0.00%             | 2027-06-16      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                               | NEWELL BRANDS INC SR UNSEC 6.375% 05-15-30                                                      | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |  14400000 | PA      | $13834224.00  | 0.06%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                               | NEWELL BRANDS INC SR UNSEC 6.625% 05-15-32                                                      | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |  32215000 | PA      | $30862904.24  | 0.14%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HONG KONG                                                      | BANGKOK BANK PCL REG S SR UNSEC 4.45% 09-19-28                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | HK        |    200000 | PA      | $199378.20    | 0.00%             | 2028-09-19      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| BOEING CO/THE                                                                   | BOEING CO SR UNSEC 3.5% 03-01-39                                                                | CUSIP: 097023CE3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   6404000 | PA      | $5167810.26   | 0.02%             | 2039-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QY3388 04-01-55                                                                   | CUSIP: 31426MXS6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    172552 | PA      | $176029.54    | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DC8604 01-01-55                                                                   | CUSIP: 3140AWR27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1667048 | PA      | $1700257.19   | 0.01%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD ED                                                               | CHICAGO BOARD OF EDUCATION 4.0% 12-01-47                                                        | CUSIP: 167505YC4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   3890000 | PA      | $3111700.47   | 0.01%             | 2047-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD ED                                                               | CHICAGO BOARD OF EDUCATION 5.0% 12-01-34                                                        | CUSIP: 167505VA1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150475.20    | 0.00%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK/THE                                                       | TORONTO-DOMINION BANK SR UNSEC 4.783% 12-17-29                                                  | CUSIP: 89115A3C4<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   4875000 | PA      | $4930852.88   | 0.02%             | 2029-12-17      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                   | TRANSDIGM INC 144A LIFE SUB 6.375% 05-31-33                                                     | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   6180000 | PA      | $6151930.44   | 0.03%             | 2033-05-31      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| AMGEN INC                                                                       | AMGEN INC SR UNSEC 5.15% 03-02-28                                                               | CUSIP: 031162DP2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |  20440000 | PA      | $20748603.12  | 0.10%             | 2028-03-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                       | AMGEN INC SR UNSEC 5.25% 03-02-30                                                               | CUSIP: 031162DQ0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |  21817000 | PA      | $22407695.28  | 0.11%             | 2030-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLAST 2025-1A                                                                   | CLAST 2025-1A A 144A 5.783% 02-15-50                                                            | CUSIP: 14856VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7459885 | PA      | $7522256.90   | 0.04%             | 2050-02-15      | Fixed         | 5.78%                 | Yes           |                  2 | On Loan: No      |
| CCG 2025-1                                                                      | CCG 2025-1 D 144A 5.28% 10-14-32                                                                | CUSIP: 12515XAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    544000 | PA      | $544637.57    | 0.00%             | 2032-10-14      | Fixed         | 5.28%                 | Yes           |                  2 | On Loan: No      |
| NFE FINANCING LLC                                                               | NFE FINANCING LLC 144A LIFE SR SEC 1ST LIEN 12.0% 11-15-29                                      | CUSIP: 62909BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        | 209996299 | PA      | $95150373.06  | 0.45%             | 2029-11-15      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| NORTHERN STATES POWER COMPANY (MINNESOTA)                                       | NORTHERN STATES POWER CO SR SEC 1ST LIEN 5.05% 05-15-35                                         | CUSIP: 665772CZ0<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1032524.53   | 0.00%             | 2035-05-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                       | AMGEN INC SR UNSEC 5.25% 03-02-33                                                               | CUSIP: 031162DR8<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |  44211000 | PA      | $45385774.69  | 0.21%             | 2033-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                       | AMGEN INC SR UNSEC 5.6% 03-02-43                                                                | CUSIP: 031162DS6<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   2620000 | PA      | $2586482.34   | 0.01%             | 2043-03-02      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                        | AT&T INC SR UNSEC 5.375% 08-15-35                                                               | CUSIP: 00206RMY5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1013349.00   | 0.00%             | 2035-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO LLC                                                     | ALLIED UNIVERSAL HOLDCO LLC 144A LIFE SR SEC 1ST LIEN 6.875% 06-15-30                           | CUSIP: 019576AF4<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |  23560000 | PA      | $23900489.12  | 0.11%             | 2030-06-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS IV BV                                   | TEVA PHARMACEUTICAL FINANCE NETHERLANDS IV BV SR UNSEC 5.75% 12-01-30                           | CUSIP: 881937AA4<br>LEI: 549300GKSD1RG56QRY33 | Long             | DBT              | CORP              | NL        |  13950000 | PA      | $14136106.95  | 0.07%             | 2030-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV                                  | TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV SR UNSEC 6.0% 12-01-32                           | CUSIP: 88167AAT8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   5140000 | PA      | $5278677.20   | 0.02%             | 2032-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LEGACY MORTGAGE ASSET TRUST LMAT_21-GS5                                         | LMAT 2021-GS5 A1 144A 6.25% 07-25-67                                                            | CUSIP: 52475XAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1708348 | PA      | $1710850.91   | 0.01%             | 2067-07-25      | Variable      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| LSTAR COMMERCIAL MORTGAGE TRUST LNSTR_17-5                                      | LNSTR 2017-5 C 144A FRN 03-10-50                                                                | CUSIP: 54910TAQ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1670000 | PA      | $1576658.69   | 0.01%             | 2050-03-10      | Variable      | 4.85%                 | Yes           |                  2 | On Loan: No      |
| GALXY 2024-33A                                                                  | GALXY 2024-33A BR CLO 144A FRN 04-20-37                                                         | CUSIP: 36321EAW5<br>LEI: 3912004FNLYTWOWSZU31 | Long             | ABS-O            | CORP              | KY        |   9654000 | PA      | $9658827.00   | 0.05%             | 2037-04-20      | Variable      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| HARUS 2023-1A                                                                   | HARUS 2023-1A CR CLO 144A FRN 01-15-37                                                          | CUSIP: 417923AS8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   3450000 | PA      | $3418018.50   | 0.02%             | 2037-01-15      | Variable      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| VERSANT MEDIA GROUP INC                                                         | VERSANT MEDIA GROUP INC 144A LIFE SR SEC 1ST LIEN 7.25% 01-30-31                                | CUSIP: 925283AA1<br>LEI: 254900D2Q5F5F229PU30 | Long             | DBT              | CORP              | US        |   7360000 | PA      | $7538266.56   | 0.04%             | 2031-01-30      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC                                                      | VERIZON COMMUNICATIONS INC SR UNSEC 5.0% 01-15-36                                               | CUSIP: 92343VHG2<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |  14197000 | PA      | $13908304.01  | 0.07%             | 2036-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                                                        | DUKE ENERGY PROGRESS LLC SR SEC 1ST LIEN 2.5% 08-15-50                                          | CUSIP: 26442UAK0<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |   1099000 | PA      | $633828.47    | 0.00%             | 2050-08-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                                                                | DT MIDSTREAM INC 144A LIFE SR UNSEC 4.125% 06-15-29                                             | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1664726.70   | 0.01%             | 2029-06-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| CSX CORP                                                                        | CSX CORP SR UNSEC 4.9% 03-15-55                                                                 | CUSIP: 126408HY2<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1216160.00   | 0.01%             | 2055-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATIONAL RAILWAY CO                                                    | CANADIAN NATIONAL RAILWAY CO SR UNSEC 4.375% 09-18-34                                           | CUSIP: 136375DR0<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | DBT              | CORP              | CA        |   5014000 | PA      | $4847304.56   | 0.02%             | 2034-09-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LEDN 2026-1A                                                                    | LEDN 2026-1A A 144A 6.748% 02-25-41                                                             | CUSIP: 523299AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6923000 | PA      | $6957338.08   | 0.03%             | 2041-02-25      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                                 | SOFR 90DAY FUT OPT SFRZ6C C @ 98 12-11-26                                                       | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              |  | US        |       660 | NC      | $82500.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC                                                                       | AMGEN INC SR UNSEC 5.65% 03-02-53                                                               | CUSIP: 031162DT4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   9518000 | PA      | $9224826.56   | 0.04%             | 2053-03-02      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                       | AMGEN INC SR UNSEC 5.75% 03-02-63                                                               | CUSIP: 031162DU1<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |  14518000 | PA      | $13975331.68  | 0.07%             | 2063-03-02      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC                                                      | VERIZON COMMUNICATIONS INC SR UNSEC 5.875% 11-30-55                                             | CUSIP: 92343VHJ6<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2324000 | PA      | $2262142.09   | 0.01%             | 2055-11-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC                                                      | VERIZON COMMUNICATIONS INC SR UNSEC 5.75% 11-30-45                                              | CUSIP: 92343VHH0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2274000 | PA      | $2216192.65   | 0.01%             | 2045-11-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY CORP                                                               | TALEN ENERGY CORP                                                                               | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    117687 | NS      | $37569221.01  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AG                                                               | EURO-BUXL 30YR FUT UBM6 06-08-26                                                                | CUSIP: N/A<br>LEI: 529900LN3S50JPU47S06       | N/A              | DIR              | CORP              | DE        |        20 | NC      | $64197.52     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DT MIDSTREAM INC                                                                | DT MIDSTREAM INC 144A LIFE SR UNSEC 4.375% 06-15-31                                             | CUSIP: 23345MAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10020000 | PA      | $9661835.10   | 0.05%             | 2031-06-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                                           | DIRECTV FINANCING LLC 144A LIFE SR SEC 1ST LIEN 5.875% 08-15-27                                 | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11382000 | PA      | $11377003.30  | 0.05%             | 2027-08-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| ASCENT RESOURCES UTICA HOLDINGS LLC                                             | ASCENT RESOURCES UTICA HOLDINGS LLC 144A LIFE SR UNSEC 6.625% 07-15-33                          | CUSIP: 04364VBA0<br>LEI: 549300EGLQ2M2CL7JZ89 | Long             | DBT              | CORP              | US        |   8585000 | PA      | $8738087.72   | 0.04%             | 2033-07-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| AECOM                                                                           | AECOM 144A LIFE SR UNSEC 6.0% 08-01-33                                                          | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |    675000 | PA      | $674882.55    | 0.00%             | 2033-08-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| AON CORP                                                                        | AON CORP SR UNSEC 5.35% 02-28-33                                                                | CUSIP: 03740LAG7<br>LEI: LTS3U8DGK38SETRUWX71 | Long             | DBT              | CORP              | US        |   4202000 | PA      | $4306264.23   | 0.02%             | 2033-02-28      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                                   | BOEING CO SR UNSEC 5.15% 05-01-30                                                               | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |  19896000 | PA      | $20236221.60  | 0.09%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| TRITON INTERNAL FINANCE TIF_21-1A                                               | TIF 2021-1A B 144A 2.54% 02-20-46                                                               | CUSIP: 872480AF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1277833 | PA      | $1163508.17   | 0.01%             | 2046-02-20      | Fixed         | 2.54%                 | Yes           |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS VII LTD                                             | TMCL 2021-1A B 144A 2.52% 02-20-46                                                              | CUSIP: 88315LAN8<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | BM        |    218753 | PA      | $205179.80    | 0.00%             | 2046-02-20      | Fixed         | 2.52%                 | Yes           |                  2 | On Loan: No      |
| COSTA RICA (REPUBLIC OF)                                                        | COSTA RICA GOVERNMENT INTERNATIONAL BOND REG S 7.0% 04-04-44                                    | CUSIP: N/A<br>LEI: 549300S1EK2VN6XVJP58       | Long             | DBT              | NUSS              | CR        |   1200000 | PA      | $1269252.00   | 0.01%             | 2044-04-04      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF KAZAKHSTAN                                                          | KAZAKHSTAN GOVERNMENT INTERNATIONAL BOND REG S 4.875% 10-14-44                                  | CUSIP: N/A<br>LEI: 5493007OEK8EF02UO833       | Long             | DBT              | NUSS              | KZ        |   3200000 | PA      | $2879993.60   | 0.01%             | 2044-10-14      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS LLC                                                      | AMNEAL PHARMACEUTICALS LLC 144A LIFE 6.875% 08-01-32                                            | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |   1855000 | PA      | $1911944.79   | 0.01%             | 2032-08-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS INC                                                          | ADVANCE AUTO PARTS INC 144A LIFE SR UNSEC 7.0% 08-01-30                                         | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1469882.40   | 0.01%             | 2030-08-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                                                        | DUKE ENERGY PROGRESS LLC SR SEC 1ST LIEN 2.0% 08-15-31                                          | CUSIP: 26442UAL8<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |   2830000 | PA      | $2494016.74   | 0.01%             | 2031-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DARLING INGREDIENTS INC                                                         | DARLING INGREDIENTS INC 144A LIFE SR UNSEC 6.0% 06-15-30                                        | CUSIP: 237266AJ0<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |  16425000 | PA      | $16553000.03  | 0.08%             | 2030-06-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| SOUTH AFRICA (REPUBLIC OF)                                                      | REPUBLIC OF SOUTH AFRICA GOVERNMENT INTERNATIONAL BOND 4.3% 10-12-28                            | CUSIP: 836205AU8<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |  10560000 | PA      | $10342791.36  | 0.05%             | 2028-10-12      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| PHILIPPINES (REPUBLIC OF)                                                       | PHILIPPINE GOVERNMENT INTERNATIONAL BOND 3.7% 02-02-42                                          | CUSIP: 718286CB1<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |   2500000 | PA      | $1993030.00   | 0.01%             | 2042-02-02      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| ANGOLA (REPUBLIC OF)                                                            | ANGOLAN GOVERNMENT INTERNATIONAL BOND REG S 8.75% 04-14-32                                      | CUSIP: N/A<br>LEI: 549300QHR2R3J8JSGK83       | Long             | DBT              | NUSS              | AO        |  25646000 | PA      | $24936067.43  | 0.12%             | 2032-04-14      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| ABU DHABI (EMIRATE OF)                                                          | ABU DHABI GOVERNMENT INTERNATIONAL BOND REG S 5.5% 04-30-54                                     | CUSIP: N/A<br>LEI: 213800FER4348CINTA77       | Long             | DBT              | NUSS              | AE        |   3100000 | PA      | $2973972.60   | 0.01%             | 2054-04-30      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 BU4791 07-01-54                                                                   | CUSIP: 3140M6KD4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1642280 | PA      | $1676452.13   | 0.01%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QJ7053 10-01-54                                                                   | CUSIP: 3133CXZS2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    827063 | PA      | $843533.57    | 0.00%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                            | BANK OF AMERICA CORP SR UNSEC 1.898% 07-23-31/30                                                | CUSIP: 06051GJF7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   4357000 | PA      | $3881542.38   | 0.02%             | 2031-07-23      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                                                                | BOYD GAMING CORP SR UNSEC 4.75% 12-01-27                                                        | CUSIP: 103304BU4<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |  10765000 | PA      | $10659050.87  | 0.05%             | 2027-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA (REPUBLIC OF)                                                      | REPUBLIC OF SOUTH AFRICA GOVERNMENT INTERNATIONAL BOND 5.875% 06-22-30                          | CUSIP: 836205AY0<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   4000000 | PA      | $4029780.00   | 0.02%             | 2030-06-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SENEGAL (REPUBLIC OF)                                                           | SENEGAL GOVERNMENT INTERNATIONAL BOND EUR REG S SF 5.375% 06-08-37                              | CUSIP: N/A<br>LEI: 549300NP14ZLQGWIUZ97       | Long             | DBT              | NUSS              | SN        |   4625000 | PA      | $2718748.77   | 0.01%             | 2037-06-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LV TRUST LV_24-SHOW                                                             | LV 2024-SHOW C 144A FRN 10-10-41                                                                | CUSIP: 50245XAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4475000 | PA      | $4515999.95   | 0.02%             | 2041-10-10      | Variable      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| MSBAM 2015-C22                                                                  | MSBAM 2015-C22 AS 3.561% 04-15-48                                                               | CUSIP: 61690FAP8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2236000 | PA      | $2163084.04   | 0.01%             | 2048-04-15      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                                                      | VIASAT INC TL 1ST LIEN (TSFR1M+461.448)(FLR 0.5) FRN 05-30-30                                   | CUSIP: 92555WAF2<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | LON              | CORP              | US        |  24412454 | PA      | $24465868.41  | 0.11%             | 2030-05-30      | Variable      | 8.29%                 | No            |                  2 | On Loan: No      |
| VERSANT MEDIA GROUP INC                                                         | VERSANT MEDIA GROUP INC TL-B 1ST LIEN (TSFR3M + 175) (FLR 0.0) FRN 01-30-31                     | CUSIP: N/A<br>LEI: 254900D2Q5F5F229PU30       | Long             | LON              | CORP              | US        |   3990000 | PA      | $3992138.64   | 0.02%             | 2031-01-30      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT)                                      | BRAZILIAN GOVERNMENT INTERNATIONAL BOND 4.75% 01-14-50                                          | CUSIP: 105756CB4<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   2583000 | PA      | $1871125.20   | 0.01%             | 2050-01-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BULGARIA (REPUBLIC OF)                                                          | BULGARIA GOVERNMENT INTERNATIONAL BOND EUR REG S 3.5% 05-07-34                                  | CUSIP: N/A<br>LEI: 529900PG0XCL4LICL838       | Long             | DBT              | NUSS              | BG        |   4000000 | PA      | $4545195.21   | 0.02%             | 2034-05-07      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST MSC_17-H1                                        | MSC 2017-H1 A5 3.53% 06-15-50                                                                   | CUSIP: 61691JAV6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     45000 | PA      | $44508.29     | 0.00%             | 2050-06-15      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST MSC_19-L3                                        | MSC 2019-L3 B FRN 11-15-52                                                                      | CUSIP: 61691UBJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5130000 | PA      | $4662395.37   | 0.02%             | 2052-11-15      | Variable      | 3.77%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                                              | VOYAGER PARENT LLC TL-B 1ST LIEN (TSFR3M+425)(FLR 0.0) FRN 07-01-32                             | CUSIP: 92921HAD7<br>LEI: 2549002DYVI4ACSV4V71 | Long             | LON              | CORP              | US        |   5027400 | PA      | $5000020.78   | 0.02%             | 2032-07-01      | Variable      | 7.95%                 | No            |                  2 | On Loan: No      |
| BX 2025-BIO3                                                                    | BX 2025-BIO3 C 144A FRN 02-10-42                                                                | CUSIP: 123911AG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1787000 | PA      | $1800295.28   | 0.01%             | 2042-02-10      | Variable      | 7.19%                 | Yes           |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                                              | CLEAR CHANNEL OUTDOOR HOLDINGS INC 144A LIFE SR SEC 1ST LIEN 7.125% 02-15-31                    | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   7600000 | PA      | $7967156.00   | 0.04%             | 2031-02-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| CHUBB INA HOLDINGS LLC                                                          | CHUBB INA HOLDINGS LLC SR UNSEC 4.9% 08-15-35                                                   | CUSIP: 171239AM8<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |   9165000 | PA      | $9027854.94   | 0.04%             | 2035-08-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PIRAEUS BANK SA                                                                 | PIRAEUS BANK SA EUR REG S SR UNSEC (B) 5.0% 04-16-30/29                                         | CUSIP: N/A<br>LEI: 213800OYHR1MPQ5VJL60       | Long             | DBT              | CORP              | GR        |  17355000 | PA      | $20765740.60  | 0.10%             | 2030-04-16      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC                                                | PNC FINANCIAL SERVICES GROUP INC SR UNSEC 5.401% 07-23-35/34                                    | CUSIP: 693475BZ7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |  19154000 | PA      | $19405089.79  | 0.09%             | 2035-07-23      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| COLOMBIA (REPUBLIC OF)                                                          | COLOMBIA GOVERNMENT INTERNATIONAL BOND 4.5% 03-15-29                                            | CUSIP: 195325DP7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   5216000 | PA      | $5052634.88   | 0.02%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COSTA RICA (REPUBLIC OF)                                                        | COSTA RICA GOVERNMENT INTERNATIONAL BOND REG S SF 6.125% 02-19-31                               | CUSIP: N/A<br>LEI: 549300S1EK2VN6XVJP58       | Long             | DBT              | NUSS              | CR        |   4228000 | PA      | $4331459.16   | 0.02%             | 2031-02-19      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| MULTIFAMILY CONNECTICUT AVENUE SECURITIES MCAS_20-1                             | MCAS 2020-01 M10 144A FRN 03-25-50                                                              | CUSIP: 62548QAD3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7757157 | PA      | $7890036.78   | 0.04%             | 2050-03-25      | Variable      | 7.53%                 | Yes           |                  2 | On Loan: No      |
| OMW 2020-1MW                                                                    | OMW 2020-1MW C 144A FRN 09-10-39                                                                | CUSIP: 563136AG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2942308 | PA      | $2827440.30   | 0.01%             | 2039-09-10      | Variable      | 2.41%                 | Yes           |                  2 | On Loan: No      |
| WISCONSIN ELECTRIC POWER COMPANY                                                | WISCONSIN ELECTRIC POWER CO SR UNSEC 4.6% 10-01-34                                              | CUSIP: 976656CS5<br>LEI: AENKIFMULUAWOUU8Q584 | Long             | DBT              | CORP              | US        |    325000 | PA      | $320293.03    | 0.00%             | 2034-10-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| GE VERNOVA INC                                                                  | GE VERNOVA INC SR UNSEC 5.5% 02-04-56                                                           | CUSIP: 36828AAC5<br>LEI: 254900DP080RU6OK2553 | Long             | DBT              | CORP              | US        |    311000 | PA      | $299394.41    | 0.00%             | 2056-02-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TRITON CONTAINER FINANCE VIII LLC                                               | TCF 2021-1A B 144A 2.58% 03-20-46                                                               | CUSIP: 89680HAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2024000 | PA      | $1863399.65   | 0.01%             | 2046-03-20      | Fixed         | 2.58%                 | Yes           |                  2 | On Loan: No      |
| NEW ECONOMY ASSETS - PHASE I ISSUER LLC USRE_21-1                               | USRE 2021-1 B1 144A 2.41% 10-20-61                                                              | CUSIP: 643821AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $3544090.00   | 0.02%             | 2061-10-20      | Fixed         | 2.41%                 | Yes           |                  2 | On Loan: No      |
| COSTA RICA (REPUBLIC OF)                                                        | COSTA RICA GOVERNMENT INTERNATIONAL BOND 144A LIFE SF 6.125% 02-19-31                           | CUSIP: 221597CP0<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |   1700000 | PA      | $1741599.00   | 0.01%             | 2031-02-19      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| BX 2025-BIO3                                                                    | BX 2025-BIO3 D 144A FRN 02-10-42                                                                | CUSIP: 123911AJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  24155000 | PA      | $24190725.25  | 0.11%             | 2042-02-10      | Variable      | 7.19%                 | Yes           |                  2 | On Loan: No      |
| IRV 2025-200P                                                                   | IRV 2025-200P B 144A FRN 03-14-47                                                               | CUSIP: 45006HAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  17420000 | PA      | $17357845.44  | 0.08%             | 2047-03-14      | Variable      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| SOUTH AFRICA (REPUBLIC OF)                                                      | REPUBLIC OF SOUTH AFRICA GOVERNMENT INTERNATIONAL BOND 5.875% 04-20-32                          | CUSIP: 836205BC7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   6000000 | PA      | $5982474.00   | 0.03%             | 2032-04-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF SAUDI ARABIA                                                         | SAUDI GOVERNMENT INTERNATIONAL BOND REG S 5.0% 01-16-34                                         | CUSIP: N/A<br>LEI: 635400FMICXSM3SI3H65       | Long             | DBT              | NUSS              | SA        |   7745000 | PA      | $7715902.04   | 0.04%             | 2034-01-16      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_23-3                                      | HERTZ 2023-3A B 144A 6.53% 02-25-28                                                             | CUSIP: 42806MCB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6554000 | PA      | $6635053.32   | 0.03%             | 2028-02-25      | Fixed         | 6.53%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_23-4                                      | HERTZ 2023-4A C 144A 7.51% 03-25-30                                                             | CUSIP: 42806MCG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4777000 | PA      | $4980782.04   | 0.02%             | 2030-03-25      | Fixed         | 7.51%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                                        | CLOUD SOFTWARE GROUP INC 144A LIFE SR SEC 1ST LIEN 6.625% 08-15-33                              | CUSIP: 18912UAG7<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |  16825000 | PA      | $14973913.50  | 0.07%             | 2033-08-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                 | CVS HEALTH CORP SR UNSEC 5.45% 09-15-35                                                         | CUSIP: 126650EK2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |  58382000 | PA      | $58630006.74  | 0.28%             | 2035-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                             | JPMORGAN CHASE & CO SR UNSEC 4.81% 10-22-36/35                                                  | CUSIP: 46647PFE1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   5075000 | PA      | $4929509.90   | 0.02%             | 2036-10-22      | Variable      | 4.81%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                             | JPMORGAN CHASE & CO SR UNSEC 1.953% 02-04-32/31                                                 | CUSIP: 46647PBX3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  22241000 | PA      | $19589205.57  | 0.09%             | 2032-02-04      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| GE VERNOVA INC                                                                  | GE VERNOVA INC SR UNSEC 4.875% 02-04-36                                                         | CUSIP: 36828AAB7<br>LEI: 254900DP080RU6OK2553 | Long             | DBT              | CORP              | US        |   6671000 | PA      | $6614263.15   | 0.03%             | 2036-02-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP                                                               | GENESIS ENERGY LP SR UNSEC 6.75% 03-15-34                                                       | CUSIP: 37185LAS1<br>LEI: 549300VJ5D6MDK138782 | Long             | DBT              | CORP              | US        |   7340000 | PA      | $7310353.74   | 0.03%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_23-3                                      | HERTZ 2023-3A D 144A 9.43% 02-25-28                                                             | CUSIP: 42806MCD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1016337.00   | 0.00%             | 2028-02-25      | Fixed         | 9.43%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_23-4                                      | HERTZ 2023-4A B 144A 6.73% 03-25-30                                                             | CUSIP: 42806MCF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7512000 | PA      | $7797486.05   | 0.04%             | 2030-03-25      | Fixed         | 6.73%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QY2761 05-01-55                                                                   | CUSIP: 31426MB76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    990927 | PA      | $1010958.26   | 0.00%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DD7200 04-01-55                                                                   | CUSIP: 3140B8AA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1011654 | PA      | $1033067.54   | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_23-3                                      | HERTZ 2023-3A C 144A 7.26% 02-25-28                                                             | CUSIP: 42806MCC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9680000 | PA      | $9802103.52   | 0.05%             | 2028-02-25      | Fixed         | 7.26%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_22-2                                      | HERTZ 2022-2A D 144A 5.16% 06-26-28                                                             | CUSIP: 42806MAR0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9556000 | PA      | $9380255.60   | 0.04%             | 2028-06-26      | Fixed         | 5.16%                 | Yes           |                  2 | On Loan: No      |
| JERSEY CENTRAL POWER & LIGHT COMPANY                                            | JERSEY CENTRAL POWER & LIGHT CO 144A LIFE SR UNSEC 2.75% 03-01-32                               | CUSIP: 476556DD4<br>LEI: 549300W9UGH9ZPLNPF79 | Long             | DBT              | CORP              | US        |   4067000 | PA      | $3655256.92   | 0.02%             | 2032-03-01      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                                         | KODIAK GAS SERVICES LLC 144A LIFE SR UNSEC 7.25% 02-15-29                                       | CUSIP: 50012LAC8<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3939118.00   | 0.02%             | 2029-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| HERTZ CORPORATION (THE)                                                         | HERTZ CORPORATION (THE) TL-B 1ST LIEN (TSFR3M+361.448) FRN 06-30-28                             | CUSIP: 42804VBB6<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |   4547887 | PA      | $3319957.39   | 0.02%             | 2028-06-30      | Variable      | 7.28%                 | No            |                  2 | On Loan: No      |
| KASEYA INC                                                                      | KASEYA INC TL 2ND LIEN (TSFR3M+500)(FLR 0.0) FRN 03-21-33                                       | CUSIP: N/A<br>LEI: 254900MISXMLRZ63NH46       | Long             | LON              | CORP              | US        |   6975000 | PA      | $5591627.33   | 0.03%             | 2033-03-21      | Variable      | 8.67%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_23-4                                   | EART 2023-4A E 144A 9.57% 02-18-31                                                              | CUSIP: 30166TAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18459000 | PA      | $19701143.03  | 0.09%             | 2031-02-18      | Fixed         | 9.57%                 | Yes           |                  2 | On Loan: No      |
| EART 2023-5A                                                                    | EART 2023-5A E 144A 9.58% 06-16-31                                                              | CUSIP: 30168DAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  29214000 | PA      | $31390647.50  | 0.15%             | 2031-06-16      | Fixed         | 9.58%                 | Yes           |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                 | CVS HEALTH CORP SR UNSEC 6.25% 09-15-65                                                         | CUSIP: 126650EM8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9777900.00   | 0.05%             | 2065-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                 | CVS HEALTH CORP SR UNSEC 5.0% 09-15-32                                                          | CUSIP: 126650EJ5<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   4414000 | PA      | $4419336.53   | 0.02%             | 2032-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONDURAS REPUBLIC OF                                                            | HONDURAS GOVERNMENT INTERNATIONAL BOND REG S 5.625% 06-24-30                                    | CUSIP: N/A<br>LEI: 5493002DW1JNBNG17615       | Long             | DBT              | NUSS              | HN        |   7353000 | PA      | $7305205.50   | 0.03%             | 2030-06-24      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| HUNGARY (REPUBLIC OF)                                                           | HUNGARY GOVERNMENT INTERNATIONAL BOND 144A LIFE 6.25% 09-22-32                                  | CUSIP: 445545AS5<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   4500000 | PA      | $4695700.50   | 0.02%             | 2032-09-22      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_23-1                                      | HERTZ 2023-1A 1D 144A 9.13% 06-25-27                                                            | CUSIP: 42806MCJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1344000 | PA      | $1350323.52   | 0.01%             | 2027-06-25      | Fixed         | 9.13%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING LLC HERTZ_21-2                                          | HERTZ 2021-2A D 144A 4.34% 12-27-27                                                             | CUSIP: 42806MAH2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  32489500 | PA      | $32088384.63  | 0.15%             | 2027-12-27      | Fixed         | 4.34%                 | Yes           |                  2 | On Loan: No      |
| MI WINDOWS AND DOORS LLC                                                        | MI WINDOWS AND DOORS LLC TL-B3 1ST LIEN (TSFR3M+275)(FLR 0.0) FRN 03-28-31                      | CUSIP: 55336CAK8<br>LEI: 2549001JQBGDT0WEQ156 | Long             | LON              | CORP              | US        |   4747941 | PA      | $4391845.43   | 0.02%             | 2031-03-28      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC                                                         | NEW FORTRESS ENERGY INC TL-B 1ST LIEN (TSFR3M+550) (FLR 0.75) FRN 10-30-28                      | CUSIP: 64439HAC3<br>LEI: 254900EICTYTCHA5X705 | Long             | LON              | CORP              | US        |    921022 | PA      | $518650.38    | 0.00%             | 2028-10-30      | Variable      | 9.57%                 | No            |                  2 | On Loan: No      |
| BINOM SECURITIZATION TRUST BINOM_22-RPL1                                        | BINOM 2022-RPL1 A1 144A FRN 02-25-61                                                            | CUSIP: 05552CAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    771247 | PA      | $718959.95    | 0.00%             | 2061-02-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| BXSC COMMERCIAL MORTGAGE TRUST BXSC_22-WSS                                      | BXSC 2022-WSS D 144A FRN 03-15-35                                                               | CUSIP: 05610BAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2403527 | PA      | $2403901.72   | 0.01%             | 2035-03-15      | Variable      | 6.86%                 | Yes           |                  2 | On Loan: No      |
| HUNGARY (REPUBLIC OF)                                                           | HUNGARY GOVERNMENT INTERNATIONAL BOND EUR REG S 4.0% 07-25-29                                   | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |   1800000 | PA      | $2114530.03   | 0.01%             | 2029-07-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HUNGARY (REPUBLIC OF)                                                           | HUNGARY GOVERNMENT INTERNATIONAL BOND EUR REG S 4.5% 06-16-34                                   | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |   2905000 | PA      | $3335455.56   | 0.02%             | 2034-06-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                                                           | AON NORTH AMERICA INC SR UNSEC 5.45% 03-01-34                                                   | CUSIP: 03740MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  16300000 | PA      | $16652911.30  | 0.08%             | 2034-03-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                                                           | AON NORTH AMERICA INC SR UNSEC 5.75% 03-01-54                                                   | CUSIP: 03740MAF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2275000 | PA      | $2193766.58   | 0.01%             | 2054-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ARCELORMITTAL SA                                                                | ARCELORMITTAL SA SR UNSEC 4.25% 07-16-29                                                        | CUSIP: 03938LBC7<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |    877000 | PA      | $874340.06    | 0.00%             | 2029-07-16      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                               | ALLIANT HOLDINGS INTERMEDIATE LLC 144A LIFE SR UNSEC 6.75% 10-15-27                             | CUSIP: 01883LAA1<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |  18313000 | PA      | $18310307.99  | 0.09%             | 2027-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WORLDWIDE INC                                              | ANHEUSER-BUSCH INBEV WORLDWIDE INC SR UNSEC 5.0% 06-15-34                                       | CUSIP: 03523TBY3<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |   3220000 | PA      | $3257925.16   | 0.02%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLIANCE RESOURCE OPERATING PARTNERS LP                                         | ALLIANCE RESOURCE OPERATING PARTNERS LP 144A LIFE SR UNSEC 8.625% 06-15-29                      | CUSIP: 01879NAC9<br>LEI: 2549007036KGPSVTHP54 | Long             | DBT              | CORP              | US        |   2634000 | PA      | $2737974.52   | 0.01%             | 2029-06-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT LLC                                                      | FERTITTA ENTERTAINMENT LLC 144A LIFE SR UNSEC 6.75% 01-15-30                                    | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1894000 | PA      | $1770543.40   | 0.01%             | 2030-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT LLC                                                      | FERTITTA ENTERTAINMENT LLC 144A LIFE SR SEC 1ST LIEN 4.625% 01-15-29                            | CUSIP: 31556TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  16148000 | PA      | $15442526.18  | 0.07%             | 2029-01-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING LLC HERTZ_24-1                                          | HERTZ 2024-1A D 144A 9.22% 01-25-29                                                             | CUSIP: 42806MCS6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3625000 | PA      | $3701705.00   | 0.02%             | 2029-01-25      | Fixed         | 9.22%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING LLC HERTZ_24-2                                          | HERTZ 2024-2A D 144A 9.41% 01-27-31                                                             | CUSIP: 42806MCP2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1552135.50   | 0.01%             | 2031-01-27      | Fixed         | 9.41%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST BX_22-IND                                                              | BX 2022-IND D 144A FRN 04-15-37                                                                 | CUSIP: 05609WAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    550900 | PA      | $552128.51    | 0.00%             | 2037-04-15      | Variable      | 6.51%                 | Yes           |                  2 | On Loan: No      |
| BBCMS 2022-C15                                                                  | BBCMS 2022-C15 C FRN 04-15-55                                                                   | CUSIP: 05552FBG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8527000 | PA      | $7116335.76   | 0.03%             | 2055-04-15      | Variable      | 3.93%                 | No            |                  2 | On Loan: No      |
| ACAR 2024-2                                                                     | ACAR 2024-2 E 144A 7.87% 11-12-31                                                               | CUSIP: 02531BAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4584000 | PA      | $4718375.38   | 0.02%             | 2031-11-12      | Fixed         | 7.87%                 | Yes           |                  2 | On Loan: No      |
| ARIVO ACCEPTANCE AUTO LOAN RECEIVABLES TRUST ARIVO_25-1                         | ARIVO 2025-1A D 144A 5.82% 01-15-32                                                             | CUSIP: 039962AD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1004000 | PA      | $1004182.73   | 0.00%             | 2032-01-15      | Fixed         | 5.82%                 | Yes           |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                                                 | CIGNA GROUP SR UNSEC 5.25% 02-15-34                                                             | CUSIP: 125523CV0<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   2129000 | PA      | $2155951.01   | 0.01%             | 2034-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FINANCE SA                                                  | CONSOLIDATED ENERGY FINANCE SA 144A LIFE SR UNSEC 12.0% 02-15-31                                | CUSIP: 20914UAH9<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |  37010000 | PA      | $36501112.50  | 0.17%             | 2031-02-15      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| EXXON MOBIL CORP                                                                | EXXON MOBIL CORP SR UNSEC 3.452% 04-15-51                                                       | CUSIP: 30231GBM3<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |   6605000 | PA      | $4708902.65   | 0.02%             | 2051-04-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO AKA GE AEROSPACE                                            | GENERAL ELECTRIC CO SR UNSEC 4.9% 01-29-36                                                      | CUSIP: 369604CA9<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |  28138000 | PA      | $28171624.91  | 0.13%             | 2036-01-29      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_25-1                                      | HERTZ 2025-1A D 144A 7.98% 09-25-29                                                             | CUSIP: 42806MCW7<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   2828000 | PA      | $2801018.05   | 0.01%             | 2029-09-25      | Fixed         | 7.98%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_25-2                                      | HERTZ 2025-2A D 144A 8.34% 09-25-31                                                             | CUSIP: 42806MDA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2621000 | PA      | $2630910.00   | 0.01%             | 2031-09-25      | Fixed         | 8.34%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                            | CLEVELAND-CLIFFS INC 144A LIFE SR UNSEC 4.875% 03-01-31                                         | CUSIP: 185899AL5<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    472000 | PA      | $424414.38    | 0.00%             | 2031-03-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| CENTENE CORP                                                                    | CENTENE CORP SR UNSEC 2.5% 03-01-31                                                             | CUSIP: 15135BAX9<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |  28172000 | PA      | $23657239.80  | 0.11%             | 2031-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                                               | CLEAN HARBORS INC 144A LIFE SR UNSEC 5.75% 10-15-33                                             | CUSIP: 184496AR8<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |  29550000 | PA      | $29508068.55  | 0.14%             | 2033-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                   | CARNIVAL CORP 144A LIFE SR UNSEC 5.12% 05-01-29                                                 | CUSIP: 143658CB6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |  20385000 | PA      | $20246524.70  | 0.10%             | 2029-05-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK_22-B34                                           | BMARK 2022-B34 A5 FRN 04-15-55                                                                  | CUSIP: 08161YBG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1753475 | PA      | $1622446.58   | 0.01%             | 2055-04-15      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| BMARK 2022-B35                                                                  | BMARK 2022-B35 B FRN 05-15-55                                                                   | CUSIP: 08163RBU9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1935000 | PA      | $1672306.34   | 0.01%             | 2055-05-15      | Variable      | 4.59%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_2024-1                                 | EART 2024-1A E 144A 7.89% 08-15-31                                                              | CUSIP: 30167PAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10258000 | PA      | $10573484.79  | 0.05%             | 2031-08-15      | Fixed         | 7.89%                 | Yes           |                  2 | On Loan: No      |
| EQS 2024-1C                                                                     | EQS 2024-1C A 144A 6.05% 01-20-31                                                               | CUSIP: 22689LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4431333 | PA      | $4487744.22   | 0.02%             | 2031-01-20      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| NIGERIA (FEDERAL REPUBLIC OF)                                                   | NIGERIA GOVERNMENT INTERNATIONAL BOND REG S 7.875% 02-16-32                                     | CUSIP: N/A<br>LEI: 549300GSBZD84TNEQ285       | Long             | DBT              | NUSS              | NG        |  26295000 | PA      | $26662498.92  | 0.13%             | 2032-02-16      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| SENEGAL (REPUBLIC OF)                                                           | SENEGAL GOVERNMENT INTERNATIONAL BOND REG S SF 6.25% 05-23-33                                   | CUSIP: N/A<br>LEI: 549300NP14ZLQGWIUZ97       | Long             | DBT              | NUSS              | SN        |   1100000 | PA      | $588656.20    | 0.00%             | 2033-05-23      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                         | GOLDMAN SACHS GROUP INC SR UNSEC 3.436% 02-24-43/42                                             | CUSIP: 38141GZN7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    686000 | PA      | $516638.95    | 0.00%             | 2043-02-24      | Variable      | 3.44%                 | No            |                  2 | On Loan: No      |
| LATAM AIRLINES GROUP SA                                                         | LATAM AIRLINES GROUP SA 144A LIFE SR UNSEC 7.875% 04-15-30                                      | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |   3873000 | PA      | $3916571.25   | 0.02%             | 2030-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| COTY INC                                                                        | COTY INC 144A LIFE SR UNSEC 5.6% 01-15-31                                                       | CUSIP: 22207AAC6<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |  30004000 | PA      | $29063104.56  | 0.14%             | 2031-01-15      | Fixed         | 5.60%                 | Yes           |                  2 | On Loan: No      |
| CIPHER COMPUTE LLC                                                              | CIPHER COMPUTE LLC 144A LIFE SR SEC 1ST LIEN SF 7.125% 11-15-30                                 | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2435000 | PA      | $2525774.37   | 0.01%             | 2030-11-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 RJ3446 11-01-54                                                                   | CUSIP: 3142GTZL3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    320846 | PA      | $327287.08    | 0.00%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DD4308 02-01-55                                                                   | CUSIP: 3140B4YE4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    802503 | PA      | $819686.52    | 0.00%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HUNGARY (REPUBLIC OF)                                                           | HUNGARY GOVERNMENT INTERNATIONAL BOND REG S 6.0% 09-26-35                                       | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |   3750000 | PA      | $3811203.75   | 0.02%             | 2035-09-26      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| HUNGARY (REPUBLIC OF)                                                           | HUNGARY GOVERNMENT INTERNATIONAL BOND 144A LIFE 6.0% 09-26-35                                   | CUSIP: 445545AW6<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   3145000 | PA      | $3196329.55   | 0.02%             | 2035-09-26      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| PACIFICORP                                                                      | PACIFICORP SR SEC 1ST LIEN 5.35% 12-01-53                                                       | CUSIP: 695114CZ9<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |  18744000 | PA      | $16090749.31  | 0.08%             | 2053-12-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                                                 | PHILIP MORRIS INTERNATIONAL INC SR UNSEC 5.375% 02-15-33                                        | CUSIP: 718172DB2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |  30210000 | PA      | $31064882.58  | 0.15%             | 2033-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                                              | CNX RESOURCES CORP 144A LIFE SR UNSEC 7.25% 03-01-32                                            | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |  16755000 | PA      | $17275762.16  | 0.08%             | 2032-03-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                                                             | CARRIER GLOBAL CORP SR UNSEC 5.9% 03-15-34                                                      | CUSIP: 14448CBC7<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |   1460000 | PA      | $1540996.42   | 0.01%             | 2034-03-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA (REPUBLIC OF)                                                      | REPUBLIC OF SOUTH AFRICA GOVERNMENT INTERNATIONAL BOND 5.65% 09-27-47                           | CUSIP: 836205AX2<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |  10285000 | PA      | $8057238.15   | 0.04%             | 2047-09-27      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| PHILIPPINES (REPUBLIC OF)                                                       | PHILIPPINE GOVERNMENT INTERNATIONAL BOND 3.0% 02-01-28                                          | CUSIP: 718286CC9<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |   8035000 | PA      | $7829753.96   | 0.04%             | 2028-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 RJ3596 11-01-54                                                                   | CUSIP: 3142GT7J9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3191981 | PA      | $3257860.40   | 0.02%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QY3669 04-01-55                                                                   | CUSIP: 31426NCF5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    521958 | PA      | $532585.09    | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                                          | COMSTOCK RESOURCES INC 144A LIFE SR UNSEC 6.75% 03-01-29                                        | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |  10515000 | PA      | $10387011.42  | 0.05%             | 2029-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                                            | CHARTER COMMUNICATIONS OPERATING LLC SR SEC 1ST LIEN 3.9% 06-01-52                              | CUSIP: 161175CA0<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |  29758000 | PA      | $18962243.97  | 0.09%             | 2052-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CFG INVESTMENTS LTD CFG_25-1                                                    | CFG 2025-1 A 144A 6.47% 03-25-36                                                                | CUSIP: 12528GAM4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18610000 | PA      | $18802315.74  | 0.09%             | 2036-03-25      | Fixed         | 6.47%                 | Yes           |                  2 | On Loan: No      |
| CFG INVESTMENTS LTD CFG_25-1                                                    | CFG 2025-1 B 144A 9.16% 03-25-36                                                                | CUSIP: 12528GAN2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1114000 | PA      | $1134281.48   | 0.01%             | 2036-03-25      | Fixed         | 9.16%                 | Yes           |                  2 | On Loan: No      |
| PROLOGIS LP                                                                     | PROLOGIS LP SR UNSEC 5.0% 01-31-35                                                              | CUSIP: 74340XCN9<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |   1197000 | PA      | $1195429.54   | 0.01%             | 2035-01-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING LLC                                                 | PERMIAN RESOURCES OPERATING LLC 144A LIFE SR UNSEC 6.25% 02-01-33                               | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |   4660000 | PA      | $4750059.16   | 0.02%             | 2033-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| CHUBB INA HOLDINGS LLC                                                          | CHUBB INA HOLDINGS LLC SR UNSEC 5.0% 03-15-34                                                   | CUSIP: 171239AK2<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |  34994000 | PA      | $35202424.26  | 0.17%             | 2034-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                            | CLEVELAND-CLIFFS INC 144A LIFE SR UNSEC 7.0% 03-15-32                                           | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |  12416000 | PA      | $12028645.63  | 0.06%             | 2032-03-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                          | UNITED STATES TREASURY NOTE 4.25% 03-31-33                                                      | CUSIP: 91282CQF1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5922000 | PA      | $5963176.26   | 0.03%             | 2033-03-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                          | UNITED STATES TREASURY NOTE 3.875% 03-31-28                                                     | CUSIP: 91282CQH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11746800 | PA      | $11765154.38  | 0.06%             | 2028-03-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CARPENTER TECHNOLOGY CORP                                                       | CARPENTER TECHNOLOGY CORP 144A LIFE SR UNSEC 5.625% 03-01-34                                    | CUSIP: 144285AN3<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |   1765000 | PA      | $1750948.84   | 0.01%             | 2034-03-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| COMMERCIAL METALS CO                                                            | COMMERCIAL METALS CO 144A LIFE SR UNSEC 5.75% 11-15-33                                          | CUSIP: 201723AS2<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |   4460000 | PA      | $4417282.12   | 0.02%             | 2033-11-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| KINGDOM OF SAUDI ARABIA                                                         | SAUDI GOVERNMENT INTERNATIONAL BOND REG S 5.75% 01-16-54                                        | CUSIP: N/A<br>LEI: 635400FMICXSM3SI3H65       | Long             | DBT              | NUSS              | SA        |  15615000 | PA      | $14760656.51  | 0.07%             | 2054-01-16      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| SHARJAH (EMIRATE OF)                                                            | SHARJAH SUKUK PROGRAM LTD 144A LIFE 5.433% 04-17-35                                             | CUSIP: 81953JAA3<br>LEI: 254900ZNL8O3F1CLJO24 | Long             | DBT              | NUSS              | AE        |   5455000 | PA      | $5265193.28   | 0.02%             | 2035-04-17      | Fixed         | 5.43%                 | Yes           |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                               | POST HOLDINGS INC 144A LIFE SR UNSEC 6.5% 03-15-36                                              | CUSIP: 737446AY0<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |  10140000 | PA      | $9940505.64   | 0.05%             | 2036-03-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                             | PETROLEOS MEXICANOS SR UNSEC 6.75% 09-21-47                                                     | CUSIP: 71654QCC4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   3514000 | PA      | $2806789.93   | 0.01%             | 2047-09-21      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AES PANAMA GENERATION HOLDINGS SRL                                              | AES PANAMA GENERATION HOLDINGS SRL REG S SR SEC 1ST LIEN SF 4.375% 05-31-30                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | PA        |   1670981 | PA      | $1548139.10   | 0.01%             | 2030-05-31      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ALBANIA                                                             | ALBANIA GOVERNMENT INTERNATIONAL BOND EUR 144A LIFE 5.9% 06-09-28                               | CUSIP: N/A<br>LEI: 254900EDM43U3SGRND29       | Long             | DBT              | NUSS              | AL        |   4160000 | PA      | $4972098.34   | 0.02%             | 2028-06-09      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_24-A                                     | MLANE 2024-A B 144A 6.59% 08-15-29                                                              | CUSIP: 60510MBA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1597000 | PA      | $1601636.09   | 0.01%             | 2029-08-15      | Fixed         | 6.59%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES INC                                                        | ALBERTSONS COS INC 144A LIFE SR UNSEC 3.5% 03-15-29                                             | CUSIP: 013092AG6<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |  10185000 | PA      | $9721175.10   | 0.05%             | 2029-03-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| PROLOGIS LP                                                                     | PROLOGIS LP SR UNSEC 4.75% 06-15-33                                                             | CUSIP: 74340XCE9<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |   3745000 | PA      | $3717148.44   | 0.02%             | 2033-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| POLAND (REPUBLIC OF)                                                            | REPUBLIC OF POLAND GOVERNMENT INTERNATIONAL BOND 4.875% 10-04-33                                | CUSIP: 731011AV4<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |  10360000 | PA      | $10377518.76  | 0.05%             | 2033-10-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALERA GROUP INTERMEDIATE HOLDINGS INC                                           | ALERA GROUP INTERMEDIATE HOLDINGS TL 2ND LIEN (TSFR3M+550) (FLR 0.5) FRN 05-30-33               | CUSIP: N/A<br>LEI: 549300BPCKH0Q3R2H875       | Long             | LON              | CORP              | US        |  10530000 | PA      | $10196546.49  | 0.05%             | 2033-05-30      | Variable      | 9.18%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR RENTAL LLC                                                      | AVIS BUDGET CAR RENTAL LLC TL-B 1ST LIEN (TSFR1M+250)(FLR 0.0) FRN 07-16-32                     | CUSIP: 05377JAU6<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | LON              | CORP              | US        |    995000 | PA      | $980075.00    | 0.00%             | 2032-07-16      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO AKA GE AEROSPACE                                            | GENERAL ELECTRIC CO SR UNSEC 4.3% 07-29-30                                                      | CUSIP: 369604BZ5<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |   1662000 | PA      | $1659234.43   | 0.01%             | 2030-07-29      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                                  | GRAY MEDIA INC 144A LIFE SR SEC 1ST LIEN 7.25% 08-15-33                                         | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |  21769000 | PA      | $21952643.28  | 0.10%             | 2033-08-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CAIXABANK SA                                                                    | CAIXABANK SA 144A LIFE SR NON PREF 5.673% 03-15-30/29                                           | CUSIP: 12803RAG9<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   4064000 | PA      | $4176422.43   | 0.02%             | 2030-03-15      | Variable      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE LLC                                                     | CRESCENT ENERGY FINANCE LLC 144A LIFE SR UNSEC 7.625% 04-01-32                                  | CUSIP: 45344LAD5<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |  20310000 | PA      | $20622347.49  | 0.10%             | 2032-04-01      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| CANPACK SA                                                                      | CANPACK SA 144A LIFE SR UNSEC 3.875% 11-15-29                                                   | CUSIP: 13806CAA0<br>LEI: 259400TS8W5E4ILGVP08 | Long             | DBT              | CORP              | PL        |  13669000 | PA      | $12843132.69  | 0.06%             | 2029-11-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| HOME DEPOT INC                                                                  | HOME DEPOT INC SR UNSEC 4.85% 06-25-31                                                          | CUSIP: 437076DD1<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |  10387000 | PA      | $10621330.72  | 0.05%             | 2031-06-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| COMPASS GROUP DIVERSIFIED HOLDINGS LLC                                          | COMPASS GROUP DIVERSIFIED HOLDINGS LLC 144A LIFE SR UNSEC 5.25% 04-15-29                        | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |  54228261 | PA      | $50491879.59  | 0.24%             | 2029-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO                                                         | CENTRAL GARDEN & PET CO 144A LIFE SR UNSEC 4.125% 04-30-31                                      | CUSIP: 153527AP1<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |  17690000 | PA      | $16497994.73  | 0.08%             | 2031-04-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| NORTHERN STATES POWER COMPANY (MINNESOTA)                                       | NORTHERN STATES POWER CO SR SEC 1ST LIEN 5.65% 05-15-55                                         | CUSIP: 665772DA4<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |    170000 | PA      | $166958.19    | 0.00%             | 2055-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORPORATION                                                    | NORFOLK SOUTHERN CORP SR UNSEC 5.1% 05-01-35                                                    | CUSIP: 655844CV8<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |     91000 | PA      | $91317.50     | 0.00%             | 2035-05-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| ARETEC GROUP INC                                                                | ARETEC GROUP INC TL B-4 1ST LIEN (TSFR1M+300) (FLR 0.0) FRN 08-09-30                            | CUSIP: 04009DAJ3<br>LEI: 549300NV2T8A33L0PQ58 | Long             | LON              | CORP              | US        |   1000000 | PA      | $988333.00    | 0.00%             | 2030-08-09      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| BELRON FINANCE 2019 LLC                                                         | BELRON FINANCE 2019 LLC TL-B 1ST LIEN (TSFR3M+200)(FLR 0.5) FRN 10-16-31                        | CUSIP: 08078UAQ6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9993050 | PA      | $9998046.89   | 0.05%             | 2031-10-16      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                               | NEWELL BRANDS INC 144A LIFE SR UNSEC 8.5% 06-01-28                                              | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   5965000 | PA      | $6160353.75   | 0.03%             | 2028-06-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT CORP                                                                    | NAVIENT CORP SR UNSEC 7.875% 06-15-32                                                           | CUSIP: 63938CAQ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |  24220000 | PA      | $21623567.56  | 0.10%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ALPHA BANK SA                                                                   | ALPHA BANK SA EUR REG S SR UNSEC (B) 6.875% 06-27-29/28                                         | CUSIP: N/A<br>LEI: 213800DBQIB6VBNU5C64       | Long             | DBT              | CORP              | GR        |   6435000 | PA      | $7964936.58   | 0.04%             | 2029-06-27      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                                         | ATI INC SR UNSEC 7.25% 08-15-30                                                                 | CUSIP: 01741RAN2<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |   4140000 | PA      | $4295887.56   | 0.02%             | 2030-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| COUGAR JV SUBSIDIARY LLC                                                        | COUGAR JV SUBSIDIARY LLC 144A LIFE SR UNSEC 8.0% 05-15-32                                       | CUSIP: 22208WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7795000 | PA      | $8065634.61   | 0.04%             | 2032-05-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                 | CVS HEALTH CORP SR UNSEC 6.0% 06-01-44                                                          | CUSIP: 126650EE6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |  19360000 | PA      | $19073820.48  | 0.09%             | 2044-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                           | TRUIST FINANCIAL CORP SR UNSEC 5.071% 05-20-31/30                                               | CUSIP: 89788MAU6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   5130000 | PA      | $5187286.71   | 0.02%             | 2031-05-20      | Variable      | 5.07%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO LTD                                                             | NISSAN MOTOR CO LTD 144A LIFE SR UNSEC 7.5% 07-17-30                                            | CUSIP: 654922AB9<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |  12275000 | PA      | $12379902.15  | 0.06%             | 2030-07-17      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| DOW CHEMICAL COMPANY (THE)                                                      | DOW CHEMICAL CO SR UNSEC 6.9% 05-15-53                                                          | CUSIP: 260543DH3<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |   1149000 | PA      | $1174232.04   | 0.01%             | 2053-05-15      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                                               | DISH NETWORK CORP 144A LIFE SR SEC 1ST LIEN 11.75% 11-15-27                                     | CUSIP: 25470MAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  40121000 | PA      | $41356325.59  | 0.19%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                 | CVS HEALTH CORP SR UNSEC 6.05% 06-01-54                                                         | CUSIP: 126650EF3<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |  17605000 | PA      | $17095599.33  | 0.08%             | 2054-06-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                                        | CLOUD SOFTWARE GROUP INC 144A LIFE SR SEC 1ST LIEN 8.25% 06-30-32                               | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |  11620000 | PA      | $11030110.70  | 0.05%             | 2032-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                               | HERC HOLDINGS INC 144A LIFE SR UNSEC 7.0% 06-15-30                                              | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |  12320000 | PA      | $12641354.88  | 0.06%             | 2030-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                               | HERC HOLDINGS INC 144A LIFE SR UNSEC 7.25% 06-15-33                                             | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   7190000 | PA      | $7374006.48   | 0.03%             | 2033-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ARIVO ACCEPTANCE AUTO LOAN RECEIVABLES TRUST ARIVO_25-1                         | ARIVO 2025-1A E 144A 7.3% 10-15-32                                                              | CUSIP: 039962AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1989430.00   | 0.01%             | 2032-10-15      | Fixed         | 7.30%                 | Yes           |                  2 | On Loan: No      |
| APEXC 2021-2A                                                                   | APEXC 2021-2A A2R CLO 144A FRN 10-20-34                                                         | CUSIP: 03755QAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3685000 | PA      | $3687395.25   | 0.02%             | 2034-10-20      | Variable      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD                                                            | TENCENT HOLDINGS LTD 144A LIFE SR UNSEC 3.24% 06-03-50                                          | CUSIP: 88032WAV8<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | CN        |    775000 | PA      | $545059.05    | 0.00%             | 2050-06-03      | Fixed         | 3.24%                 | Yes           |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD                                                            | TENCENT HOLDINGS LTD REG S SR UNSEC 3.24% 06-03-50                                              | CUSIP: 88032XAV6<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | CN        |   3099000 | PA      | $2179532.90   | 0.01%             | 2050-06-03      | Fixed         | 3.24%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 MA5554 12-01-54                                                                   | CUSIP: 31418FE45<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    795901 | PA      | $811756.62    | 0.00%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 SL1413 04-01-55                                                                   | CUSIP: 31427NSB6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    827744 | PA      | $844535.25    | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                                              | OSAIC HOLDINGS INC TL-B1 1ST LIEN (TSFR3M+250)(FLR 0.0) FRN 07-30-32                            | CUSIP: 68773JAJ9<br>LEI: 549300XL60BDV6UW5C86 | Long             | LON              | CORP              | US        |  10050000 | PA      | $9872728.05   | 0.05%             | 2032-07-30      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL                                                              | CONNECT FINCO SARL TL-B 1ST LIEN (TSFR1M+450)(FLR 0.5) FRN 09-27-29                             | CUSIP: N/A<br>LEI: 2594001KNYIQ456J2792       | Long             | LON              | CORP              | LU        |  14658173 | PA      | $14702674.95  | 0.07%             | 2029-09-27      | Variable      | 8.17%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FINANCE SA                                                  | CONSOLIDATED ENERGY FINANCE SA TL-B 1ST LIEN (TSFR3M+475)(FLR 0.0) FRN 11-15-30                 | CUSIP: N/A<br>LEI: 549300PUNIS0USNSL750       | Long             | LON              | CORP              | LU        |   9445000 | PA      | $9090812.50   | 0.04%             | 2030-11-15      | Variable      | 8.41%                 | No            |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD                                                            | TENCENT HOLDINGS LTD REG S SR UNSEC 3.68% 04-22-41                                              | CUSIP: 88032XBB9<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | CN        |    328000 | PA      | $280706.99    | 0.00%             | 2041-04-22      | Fixed         | 3.68%                 | Yes           |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD                                                            | TENCENT HOLDINGS LTD REG S SR UNSEC 3.84% 04-22-51                                              | CUSIP: 88032XBC7<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | CN        |   6218000 | PA      | $4819223.59   | 0.02%             | 2051-04-22      | Fixed         | 3.84%                 | Yes           |                  2 | On Loan: No      |
| BMARK 2022-B35                                                                  | BMARK 2022-B35 C FRN 05-15-55                                                                   | CUSIP: 08163RBV7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  11871046 | PA      | $9585549.13   | 0.04%             | 2055-05-15      | Variable      | 4.59%                 | No            |                  2 | On Loan: No      |
| BANK BANK_22-BNK43                                                              | BANK 2022-BNK43 B FRN 08-15-55                                                                  | CUSIP: 06541QBK0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5080000 | PA      | $4904252.32   | 0.02%             | 2055-08-15      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| SRI LANKA (DEMOCRATIC SOCIALIST REPUBLIC OF)                                    | SRI LANKA GOVERNMENT INTERNATIONAL BOND 144A LIFE SF 3.35% 03-15-33/09-15-27                    | CUSIP: N/A<br>LEI: 254900HXCCIOHM74FA02       | Long             | DBT              | NUSS              | LK        |   1531630 | PA      | $1282096.84   | 0.01%             | 2033-03-15      | Variable      | 3.35%                 | Yes           |                  2 | On Loan: No      |
| SRI LANKA (DEMOCRATIC SOCIALIST REPUBLIC OF)                                    | SRI LANKA GOVERNMENT INTERNATIONAL BOND 144A LIFE SF 3.6% 06-15-35/12-15-27                     | CUSIP: N/A<br>LEI: 254900HXCCIOHM74FA02       | Long             | DBT              | NUSS              | LK        |   1067964 | PA      | $809017.97    | 0.00%             | 2035-06-15      | Variable      | 3.60%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                         | HYUNDAI CAPITAL AMERICA 144A LIFE SR UNSEC 4.875% 06-23-27                                      | CUSIP: 44891ADU8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   4434000 | PA      | $4453146.01   | 0.02%             | 2027-06-23      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC                                           | HILTON DOMESTIC OPERATING CO INC 144A LIFE SR UNSEC 5.75% 09-15-33                              | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |  12620000 | PA      | $12572990.50  | 0.06%             | 2033-09-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT)                                      | BRAZILIAN GOVERNMENT INTERNATIONAL BOND 6.25% 05-22-36                                          | CUSIP: 105756CQ1<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |  49500000 | PA      | $48534750.00  | 0.23%             | 2036-05-22      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORPORATION                                                     | CITGO PETROLEUM CORP 144A LIFE SR SEC 1ST LIEN 8.375% 01-15-29                                  | CUSIP: 17302XAN6<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |   4955000 | PA      | $5119847.90   | 0.02%             | 2029-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| ARD FINANCE SA                                                                  | ARD FINANCE SA 144A LIFE SR SEC 1ST LIEN PIK 6.5% 06-30-27                                      | CUSIP: 00191AAD8<br>LEI: 6354006P6QPGGPVJW880 | Long             | DBT              | CORP              | LU        |   8347560 | PA      | $83475.60     | 0.00%             | 2027-06-30      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INTERNATIONAL CORP                                         | SCIENCE APPLICATIONS INTERNATIONAL CORP 144A LIFE SR UNSEC 5.875% 11-01-33                      | CUSIP: 808625AB3<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |   7535000 | PA      | $7361152.48   | 0.03%             | 2033-11-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QY1233 04-01-55                                                                   | CUSIP: 31426KLP9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    910712 | PA      | $928911.88    | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DC8866 12-01-54                                                                   | CUSIP: 3140AWZ85<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    804323 | PA      | $820401.39    | 0.00%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                        | CELANESE US HOLDINGS LLC SR UNSEC 7.0% 02-15-31                                                 | CUSIP: 15089QBC7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   9765000 | PA      | $10034113.64  | 0.05%             | 2031-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                        | CELANESE US HOLDINGS LLC SR UNSEC 7.375% 02-15-34                                               | CUSIP: 15089QBD5<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |  22355000 | PA      | $22922571.10  | 0.11%             | 2034-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ARES 2022-65A                                                                   | ARES 2022-65A CR CLO 144A FRN 07-25-34                                                          | CUSIP: 04019FAS6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   6341000 | PA      | $6294583.88   | 0.03%             | 2034-07-25      | Variable      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| APL FINANCE LLC ASHPL_25-1A                                                     | ASHPL 2025-1A A 144A 4.81% 03-20-36                                                             | CUSIP: 03790CAF8<br>LEI: 6354009RKO5CXUKYBH41 | Long             | ABS-O            | CORP              | US        |   2245381 | PA      | $2246054.81   | 0.01%             | 2036-03-20      | Fixed         | 4.81%                 | Yes           |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                                | T-MOBILE USA INC SR UNSEC 2.55% 02-15-31                                                        | CUSIP: 87264ACB9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   6758000 | PA      | $6142873.32   | 0.03%             | 2031-02-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                                | T-MOBILE USA INC SR UNSEC 3.875% 04-15-30                                                       | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    300000 | PA      | $292242.60    | 0.00%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                               | ALLIANT HOLDINGS INTERMEDIATE LLC 144A LIFE SR SEC 1ST LIEN 4.25% 10-15-27                      | CUSIP: 01883LAB9<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |  11695000 | PA      | $11470537.87  | 0.05%             | 2027-10-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| ABBVIE INC                                                                      | ABBVIE INC SR UNSEC 3.2% 11-21-29                                                               | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   7790000 | PA      | $7511343.91   | 0.04%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| EUREX CLEARING AG                                                               | EURO-BUND 10YR FUT RXM6 06-08-26                                                                | CUSIP: N/A<br>LEI: 529900LN3S50JPU47S06       | N/A              | DIR              | CORP              | DE        |       108 | NC      | $422443.49    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AG                                                               | EURO-BOBL 5YR FUT OEM6 06-08-26                                                                 | CUSIP: N/A<br>LEI: 529900LN3S50JPU47S06       | N/A              | DIR              | CORP              | DE        |       250 | NC      | $219423.68    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AEGEA FINANCE SARL                                                              | AEGEA FINANCE SARL 144A LIFE SR UNSEC 9.0% 01-20-31                                             | CUSIP: 00775CAC0<br>LEI: 213800V6WTKUT1XWIZ47 | Long             | DBT              | CORP              | LU        |   8889000 | PA      | $8910186.93   | 0.04%             | 2031-01-20      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| ARETEC GROUP INC                                                                | ARETEC GROUP INC 144A LIFE SR SEC 1ST LIEN 10.0% 08-15-30                                       | CUSIP: 04020JAA4<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |   6052000 | PA      | $6435787.58   | 0.03%             | 2030-08-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| HOME DEPOT INC                                                                  | HOME DEPOT INC SR UNSEC 4.65% 09-15-35                                                          | CUSIP: 437076DK5<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1024092.30   | 0.00%             | 2035-09-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                               | HSBC HOLDINGS PLC SR UNSEC 4.619% 11-06-31/30                                                   | CUSIP: 404280FE4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    585000 | PA      | $577048.68    | 0.00%             | 2031-11-06      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                                                  | HOME DEPOT INC SR UNSEC 5.3% 06-25-54                                                           | CUSIP: 437076DF6<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   3252000 | PA      | $3041992.34   | 0.01%             | 2054-06-25      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                                                  | HOME DEPOT INC SR UNSEC 4.95% 06-25-34                                                          | CUSIP: 437076DE9<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |  15457000 | PA      | $15574148.60  | 0.07%             | 2034-06-25      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST INC                                                     | STARWOOD PROPERTY TRUST INC 144A LIFE SR UNSEC 5.75% 01-15-31                                   | CUSIP: 85571BBG9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |  18580000 | PA      | $18370993.58  | 0.09%             | 2031-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| SHELL FINANCE US INC                                                            | SHELL FINANCE US INC 144A SR UNSEC 3.0% 11-26-51                                                | CUSIP: 822905BB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14693000 | PA      | $9364539.47   | 0.04%             | 2051-11-26      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                                                                 | ADAPTHEALTH LLC 144A LIFE SR UNSEC 4.625% 08-01-29                                              | CUSIP: 00653VAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5706000 | PA      | $5441144.60   | 0.03%             | 2029-08-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING LTD                                                       | ALIBABA GROUP HOLDING LTD SR UNSEC 2.125% 02-09-31                                              | CUSIP: 01609WAX0<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | HK        |   7260000 | PA      | $6565203.48   | 0.03%             | 2031-02-09      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| IRV 2025-200P                                                                   | IRV 2025-200P A 144A FRN 03-14-47                                                               | CUSIP: 45006HAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  29458270 | PA      | $29743308.22  | 0.14%             | 2047-03-14      | Variable      | 5.29%                 | Yes           |                  2 | On Loan: No      |
| IRV 2025-200P                                                                   | IRV 2025-200P C 144A FRN 03-14-47                                                               | CUSIP: 45006HAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13577148 | PA      | $13482501.70  | 0.06%             | 2047-03-14      | Variable      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| GILDAN ACTIVEWEAR INC                                                           | GILDAN ACTIVEWEAR INC 144A LIFE SR UNSEC 5.4% 10-07-35                                          | CUSIP: 375916AG8<br>LEI: 549300SB3IBI34M00Z45 | Long             | DBT              | CORP              | CA        |   6010000 | PA      | $5865291.22   | 0.03%             | 2035-10-07      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                         | GOLDMAN SACHS GROUP INC SR UNSEC 4.939% 10-21-36/35                                             | CUSIP: 38141GD43<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        | 128801000 | PA      | $124779703.98 | 0.59%             | 2036-10-21      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| LIGHT ENERGIA SA                                                                | LIGHT ENERGIA SA SR UNSEC 4.375% 06-18-26                                                       | CUSIP: 531959AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BR        |   3437864 | PA      | $3351401.72   | 0.02%             | 2026-06-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LIGHT SERVICOS DE ELETRICIDADE SA                                               | LIGHT SERVICOS DE ELETRICIDADE SA SR SEC 2ND LIEN PIK SF 2.26% 12-19-37                         | CUSIP: 53222MAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | BR        |    670154 | PA      | $180941.58    | 0.00%             | 2037-12-19      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| COTE D IVOIRE (REPUBLIC OF)                                                     | IVORY COAST GOVERNMENT INTERNATIONAL BOND REG S SF 6.125% 06-15-33                              | CUSIP: N/A<br>LEI: 254900ICW11T82O6H590       | Long             | DBT              | NUSS              | CI        |   1000000 | PA      | $944541.00    | 0.00%             | 2033-06-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| COTE D IVOIRE (REPUBLIC OF)                                                     | IVORY COAST GOVERNMENT INTERNATIONAL BOND EUR REG S SF 5.25% 03-22-30                           | CUSIP: N/A<br>LEI: 254900ICW11T82O6H590       | Long             | DBT              | NUSS              | CI        |   3000000 | PA      | $3428567.82   | 0.02%             | 2030-03-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS LP                                                     | TARGA RESOURCES PARTNERS LP SR UNSEC 4.875% 02-01-31                                            | CUSIP: 87612BBS0<br>LEI: 6OQWTZ1SPC04IFT4T704 | Long             | DBT              | CORP              | US        |    939000 | PA      | $937885.41    | 0.00%             | 2031-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                   | TRANSDIGM INC SUB 4.625% 01-15-29                                                               | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   5040000 | PA      | $4955121.36   | 0.02%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMMONWEALTH OF (GOVERNMENT)                                        | COMMONWEALTH OF PUERTO RICO 5.75% 07-01-31                                                      | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    925174 | PA      | $1010575.89   | 0.00%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-32                                              | CUSIP: 74526QKW1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1240000 | PA      | $824600.00    | 0.00%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KRAKATAU POSCO PT                                                               | KRAKATAU POSCO PT REG S SR UNSEC 6.375% 06-11-27                                                | CUSIP: N/A<br>LEI: 98450003F1F2D08D9C16       | Long             | DBT              | CORP              | ID        |   3500000 | PA      | $3520671.00   | 0.02%             | 2027-06-11      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| KRAKATAU POSCO PT                                                               | KRAKATAU POSCO PT REG S SR UNSEC 6.375% 06-11-29                                                | CUSIP: N/A<br>LEI: 98450003F1F2D08D9C16       | Long             | DBT              | CORP              | ID        |  21145000 | PA      | $21277325.41  | 0.10%             | 2029-06-11      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC                                                      | VERIZON COMMUNICATIONS INC SR UNSEC 4.75% 01-15-33                                              | CUSIP: 92343VHF4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2491000 | PA      | $2461088.07   | 0.01%             | 2033-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC                                                      | VERIZON COMMUNICATIONS INC SR UNSEC 6.0% 11-30-65                                               | CUSIP: 92343VHK3<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1066741.50   | 0.01%             | 2065-11-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MSFW COMMERCIAL MORTGAGE TRUST MSFW_23-1                                        | MSWF 2023-1 B FRN 05-15-56                                                                      | CUSIP: 55376CAW3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4421000 | PA      | $4641718.43   | 0.02%             | 2056-05-15      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| MCAS 2023-01                                                                    | MCAS 2023-01 M10 144A FRN 11-25-53                                                              | CUSIP: 62548NAB4<br>LEI: 254900JAK6X5OPMD5925 | Long             | ABS-CBDO         | CORP              | US        |  25780000 | PA      | $29633620.18  | 0.14%             | 2053-11-25      | Variable      | 10.16%                | Yes           |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                               | HSBC HOLDINGS PLC SR UNSEC 5.133% 11-06-36/35                                                   | CUSIP: 404280FG9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   7940000 | PA      | $7769996.66   | 0.04%             | 2036-11-06      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC                                           | HILTON DOMESTIC OPERATING CO INC 144A LIFE SR UNSEC 5.5% 03-31-34                               | CUSIP: 432833AT8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   5975000 | PA      | $5842127.95   | 0.03%             | 2034-03-31      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DC4824 02-01-55                                                                   | CUSIP: 3140ASLE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    185036 | PA      | $188761.52    | 0.00%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QX8448 02-01-55                                                                   | CUSIP: 31426FL62<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    368254 | PA      | $375698.35    | 0.00%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LONG RIDGE ENERGY LLC                                                           | LONG RIDGE ENERGY LLC 144A LIFE SR SEC 1ST LIEN 8.75% 02-15-32                                  | CUSIP: 54288CAA1<br>LEI: 984500764EC9AZ2FC764 | Long             | DBT              | CORP              | US        |  23410000 | PA      | $24577409.88  | 0.12%             | 2032-02-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| LYB INTERNATIONAL FINANCE III LLC                                               | LYB INTERNATIONAL FINANCE III LLC SR UNSEC 6.15% 05-15-35                                       | CUSIP: 50249AAP8<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |  14875000 | PA      | $15317977.50  | 0.07%             | 2035-05-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV                                  | TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV SR UNSEC 4.75% 05-09-27                          | CUSIP: 88167AAP6<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   5319000 | PA      | $5313409.73   | 0.02%             | 2027-05-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV                                  | TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV SR UNSEC 5.125% 05-09-29                         | CUSIP: 88167AAQ4<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |  23545000 | PA      | $23483900.73  | 0.11%             | 2029-05-09      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MCAS 2023-01                                                                    | MCAS 2023-01 M7 144A FRN 11-25-53                                                               | CUSIP: 62548NAA6<br>LEI: 254900JAK6X5OPMD5925 | Long             | ABS-CBDO         | CORP              | US        |   8357758 | PA      | $8592577.73   | 0.04%             | 2053-11-25      | Variable      | 7.66%                 | Yes           |                  2 | On Loan: No      |
| MSWF COMMERCIAL MORTGAGE TRUST MSWF_23-2                                        | MSWF 2023-2 C FRN 12-15-56                                                                      | CUSIP: 55361AAZ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2469000 | PA      | $2611305.75   | 0.01%             | 2056-12-15      | Variable      | 7.24%                 | No            |                  2 | On Loan: No      |
| SRI LANKA (DEMOCRATIC SOCIALIST REPUBLIC OF)                                    | SRI LANKA GOVERNMENT INTERNATIONAL BOND 144A LIFE 3.6% 05-15-36/11-15-27                        | CUSIP: N/A<br>LEI: 254900HXCCIOHM74FA02       | Long             | DBT              | NUSS              | LK        |    741192 | PA      | $662630.84    | 0.00%             | 2036-05-15      | Variable      | 3.60%                 | Yes           |                  2 | On Loan: No      |
| SRI LANKA (DEMOCRATIC SOCIALIST REPUBLIC OF)                                    | SRI LANKA GOVERNMENT INTERNATIONAL BOND 144A LIFE SF 3.6% 02-15-38/08-15-27                     | CUSIP: N/A<br>LEI: 254900HXCCIOHM74FA02       | Long             | DBT              | NUSS              | LK        |   1433007 | PA      | $1269628.44   | 0.01%             | 2038-02-15      | Variable      | 3.60%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                                | CSC HOLDINGS LLC 144A LIFE SR UNSEC 5.5% 04-15-27                                               | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   4570000 | PA      | $3969017.58   | 0.02%             | 2027-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                                            | CHARTER COMMUNICATIONS OPERATING LLC SR SEC 1ST LIEN 6.384% 10-23-35                            | CUSIP: 161175AZ7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   8565000 | PA      | $8703470.36   | 0.04%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DB8073 07-01-54                                                                   | CUSIP: 3140AH6K3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    185619 | PA      | $189548.19    | 0.00%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QX5767 02-01-55                                                                   | CUSIP: 31426BMR4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3231017 | PA      | $3296331.55   | 0.02%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                                                           | HIGHTOWER HOLDING LLC 144A LIFE SR UNSEC 9.125% 01-31-30                                        | CUSIP: 43118DAB6<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4355030.25   | 0.02%             | 2030-01-31      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| HEALTH AND HAPPINESS (H&H) INTERNATIONAL HOLDINGS LTD                           | HEALTH & HAPPINESS H&H INTERNATIONAL HOLDINGS LTD REG S SR SEC 1ST LIEN 9.125% 07-24-28         | CUSIP: N/A<br>LEI: 2138007WU5DJFZFDDV59       | Long             | DBT              | CORP              | HK        |   1450000 | PA      | $1500531.05   | 0.01%             | 2028-07-24      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| LADDER CAPITAL FINANCE HOLDINGS LLLP                                            | LADDER CAPITAL FINANCE HOLDINGS LLLP SR UNSEC 5.5% 08-01-30                                     | CUSIP: 505742AS5<br>LEI: 254900TBF2Z4GR7NSX02 | Long             | DBT              | CORP              | US        |   7465000 | PA      | $7483804.34   | 0.04%             | 2030-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LINDBLAD EXPEDITIONS LLC                                                        | LINDBLAD EXPEDITIONS LLC 144A LIFE SR SEC 1ST LIEN 7.0% 09-15-30                                | CUSIP: 53523LAB6<br>LEI: 549300MPUWOG67Y2R254 | Long             | DBT              | CORP              | US        |   8080000 | PA      | $8254495.68   | 0.04%             | 2030-09-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                                       | CAESARS ENTERTAINMENT INC 144A LIFE SR UNSEC 6.0% 10-15-32                                      | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   6670000 | PA      | $6144597.43   | 0.03%             | 2032-10-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                            | CLEVELAND-CLIFFS INC 144A LIFE SR UNSEC 6.875% 11-01-29                                         | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |  13678000 | PA      | $13686015.31  | 0.06%             | 2029-11-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DC4816 05-01-55                                                                   | CUSIP: 3140ASK64<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    908018 | PA      | $932586.30    | 0.00%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DD9296 04-01-55                                                                   | CUSIP: 3140BAKJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1983117 | PA      | $2023078.63   | 0.01%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | MORGAN STANLEY SR UNSEC 4.708% 03-12-32/31                                                      | CUSIP: 61747YGB5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2084000 | PA      | $2070420.66   | 0.01%             | 2032-03-12      | Variable      | 4.71%                 | No            |                  2 | On Loan: No      |
| NORTH MACEDONIA REPUBLIC OF (GOVERNMENT)                                        | NORTH MACEDONIA GOVERNMENT INTERNATIONAL BOND EUR 144A LIFE 4.75% 01-21-34                      | CUSIP: N/A<br>LEI: 635400RD1N6RVNCE4958       | Long             | DBT              | NUSS              | MK        |   2008000 | PA      | $2206059.95   | 0.01%             | 2034-01-21      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET CAR RENTAL LLC                                                      | AVIS BUDGET CAR RENTAL LLC 144A LIFE SR UNSEC 5.375% 03-01-29                                   | CUSIP: 053773BF3<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |  11395000 | PA      | $10909652.77  | 0.05%             | 2029-03-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| ALPEK SAB DE CV                                                                 | ALPEK SAB DE CV REG S SR UNSEC 3.25% 02-25-31                                                   | CUSIP: N/A<br>LEI: 549300PWKJTP62D4IQ66       | Long             | DBT              | CORP              | MX        |   5131000 | PA      | $4309696.22   | 0.02%             | 2031-02-25      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| MSWF COMMERCIAL MORTGAGE TRUST MSWF_23-2                                        | MSWF 2023-2 B FRN 12-15-56                                                                      | CUSIP: 55361AAY0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12876000 | PA      | $13760066.16  | 0.06%             | 2056-12-15      | Variable      | 6.87%                 | No            |                  2 | On Loan: No      |
| MCAS 2024-01                                                                    | MCAS 2024-01 M7 144A FRN 07-25-54                                                               | CUSIP: 62548RAA7<br>LEI: 254900QY3MMJFMNKXA93 | Long             | ABS-CBDO         | CORP              | US        |   5568159 | PA      | $5639498.54   | 0.03%             | 2054-07-25      | Variable      | 6.41%                 | Yes           |                  2 | On Loan: No      |
| VALE OVERSEAS LTD                                                               | VALE OVERSEAS LTD 144A LIFE SUB (H) 6.0% 02-25-56/31                                            | CUSIP: 91911TAT0<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | BR        |  17435000 | PA      | $17173475.00  | 0.08%             | 2056-02-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                                              | VENTURE GLOBAL PLAQUEMINES LNG LLC 144A LIFE SR SEC 1ST LIEN 6.125% 12-15-30                    | CUSIP: 922966AE6<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   8875000 | PA      | $9132162.00   | 0.04%             | 2030-12-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                         | GOLDMAN SACHS GROUP INC SR UNSEC 4.369% 10-21-31/30                                             | CUSIP: 38141GD35<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  11674000 | PA      | $11448995.32  | 0.05%             | 2031-10-21      | Variable      | 4.37%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY CORP                                                       | GARDA WORLD SECURITY CORP 144A LIFE SR SEC 1ST LIEN 6.5% 01-15-31                               | CUSIP: 36485MAQ2<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   3285000 | PA      | $3332901.87   | 0.02%             | 2031-01-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DB4440 08-01-54                                                                   | CUSIP: 3140AD5A5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    365647 | PA      | $373032.57    | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DC9957 01-01-55                                                                   | CUSIP: 3140AYB38<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1482311 | PA      | $1512197.12   | 0.01%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BANK BANK_22-BNK44                                                              | BANK 2022-BNK44 C FRN 11-15-55                                                                  | CUSIP: 06540KBB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7260000 | PA      | $6952197.78   | 0.03%             | 2055-11-15      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS COMMERCIAL MORTGAGE SECURITIES LLC BBCMS_22-C18                        | BBCMS 2022-C18 C FRN 12-15-55                                                                   | CUSIP: 054975AL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  11933000 | PA      | $11790519.98  | 0.06%             | 2055-12-15      | Variable      | 6.37%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                            | CLEVELAND-CLIFFS INC 144A LIFE SR UNSEC 7.375% 05-01-33                                         | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |  22991000 | PA      | $22510258.19  | 0.11%             | 2033-05-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| CONSTELLATION OIL SERVICES HOLDING SA                                           | CONSTELLATION OIL SERVICES HOLDING SA 144A LIFE SR SEC 1ST LIEN SF 9.375% 11-07-29              | CUSIP: 650921AA7<br>LEI: 54930059EGCX1QIQVD73 | Long             | DBT              | CORP              | LU        |  33655000 | PA      | $35031489.50  | 0.16%             | 2029-11-07      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| HONDURAS REPUBLIC OF                                                            | HONDURAS GOVERNMENT INTERNATIONAL BOND REG S 6.25% 01-19-27                                     | CUSIP: N/A<br>LEI: 5493002DW1JNBNG17615       | Long             | DBT              | NUSS              | HN        |  17163000 | PA      | $17265978.00  | 0.08%             | 2027-01-19      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| BX 2025-GW                                                                      | BX 2025-GW C 144A FRN 07-15-42                                                                  | CUSIP: 12433GAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10250000 | PA      | $10263940.00  | 0.05%             | 2042-07-15      | Variable      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                 | CVS HEALTH CORP SR UNSEC 6.2% 09-15-55                                                          | CUSIP: 126650EL0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |  26830000 | PA      | $26597920.50  | 0.12%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                                            | CHARTER COMMUNICATIONS OPERATING LLC SR SEC 1ST LIEN 6.7% 12-01-55                              | CUSIP: 161175CT9<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   2581000 | PA      | $2468409.04   | 0.01%             | 2055-12-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| MCAS 2025-01                                                                    | MCAS 2025-01 M1 144A FRN 05-25-55                                                               | CUSIP: 62549CAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  11577681 | PA      | $11774165.70  | 0.06%             | 2055-05-25      | Variable      | 6.06%                 | Yes           |                  2 | On Loan: No      |
| MCAS 2025-01                                                                    | MCAS 2025-01 M2 144A FRN 05-25-55                                                               | CUSIP: 62549CAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12046000 | PA      | $12089293.32  | 0.06%             | 2055-05-25      | Variable      | 6.76%                 | Yes           |                  2 | On Loan: No      |
| INDONESIA (REPUBLIC OF)                                                         | INDONESIA GOVERNMENT INTERNATIONAL BOND REG S 6.625% 02-17-37                                   | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        |  19650000 | PA      | $21391481.25  | 0.10%             | 2037-02-17      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| JORDAN (HASHEMITE KINGDOM OF)                                                   | JORDAN GOVERNMENT INTERNATIONAL BOND 144A LIFE 5.75% 01-31-27                                   | CUSIP: 418097AH4<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |   4495000 | PA      | $4482935.42   | 0.02%             | 2027-01-31      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                | CCO HOLDINGS LLC 144A SR UNSEC 5.0% 02-01-28                                                    | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  33689000 | PA      | $33432795.16  | 0.16%             | 2028-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND ELECTRIC ILLUMINATING CO                                              | CLEVELAND ELECTRIC ILLUMINATING CO 144A LIFE SR UNSEC 4.55% 11-15-30                            | CUSIP: 186108CL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $202726.55    | 0.00%             | 2030-11-15      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| KENYA (REPUBLIC OF)                                                             | REPUBLIC OF KENYA GOVERNMENT INTERNATIONAL BOND REG S SF 8.0% 05-22-32                          | CUSIP: N/A<br>LEI: 549300VVURQQYU45PR87       | Long             | DBT              | NUSS              | KE        |   1342000 | PA      | $1294124.15   | 0.01%             | 2032-05-22      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| KINGDOM OF SAUDI ARABIA                                                         | SAUDI GOVERNMENT INTERNATIONAL BOND 144A LIFE 5.0% 01-18-53                                     | CUSIP: 80413TBE8<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |  10730000 | PA      | $9092902.44   | 0.04%             | 2053-01-18      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                                                 | CIGNA GROUP SR UNSEC 5.25% 01-15-36                                                             | CUSIP: 125523CZ1<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |  21400000 | PA      | $21435716.60  | 0.10%             | 2036-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                                                 | CIGNA GROUP SR UNSEC 6.0% 01-15-56                                                              | CUSIP: 125523DA5<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |  14159000 | PA      | $14191820.56  | 0.07%             | 2056-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QY0266 04-01-55                                                                   | CUSIP: 31426JJL4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1648672 | PA      | $1681610.69   | 0.01%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION CORP                                        | GOLDEN STATE TOBACCO SECURITIZATION CORP 3.487% 06-01-36                                        | CUSIP: 38122ND41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1235204.64   | 0.01%             | 2036-06-01      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| BX 2025-GW                                                                      | BX 2025-GW B 144A FRN 07-15-42                                                                  | CUSIP: 12433GAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12420000 | PA      | $12434183.64  | 0.06%             | 2042-07-15      | Variable      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| BX 2025-VLT7                                                                    | BX 2025-VLT7 A 144A FRN 07-15-44                                                                | CUSIP: 123913AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  19050000 | PA      | $18999250.80  | 0.09%             | 2044-07-15      | Variable      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| SRI LANKA (DEMOCRATIC SOCIALIST REPUBLIC OF)                                    | SRI LANKA GOVERNMENT INTERNATIONAL BOND 144A LIFE SF 4.0% 04-15-28                              | CUSIP: N/A<br>LEI: 254900HXCCIOHM74FA02       | Long             | DBT              | NUSS              | LK        |    754328 | PA      | $721163.20    | 0.00%             | 2028-04-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| KINGDOM OF SAUDI ARABIA                                                         | SAUDI GOVERNMENT INTERNATIONAL BOND 144A LIFE 5.625% 01-13-35                                   | CUSIP: 80413TBL2<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |   5800000 | PA      | $6007843.00   | 0.03%             | 2035-01-13      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| PERU (REPUBLIC OF)                                                              | PERUVIAN GOVERNMENT INTERNATIONAL BOND 5.875% 08-08-54                                          | CUSIP: 715638EC2<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |   4625000 | PA      | $4470062.50   | 0.02%             | 2054-08-08      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                               | POST HOLDINGS INC 144A LIFE SR UNSEC 6.375% 03-01-33                                            | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |  29035000 | PA      | $28629903.68  | 0.13%             | 2033-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                                               | LITHIA MOTORS INC 144A LIFE SR UNSEC 5.5% 10-01-30                                              | CUSIP: 536797AJ2<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |   7090000 | PA      | $6951461.40   | 0.03%             | 2030-10-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| LIGHT AND WONDER INTERNATIONAL INC                                              | LIGHT & WONDER INTERNATIONAL INC 144A LIFE SR UNSEC 6.25% 10-01-33                              | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   5575000 | PA      | $5466120.25   | 0.03%             | 2033-10-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| MSBAM 2025-5C2                                                                  | MSBAM 2025-5C2 C FRN 11-15-58                                                                   | CUSIP: 61779RCV1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    992000 | PA      | $974560.64    | 0.00%             | 2058-11-15      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| NRZT 2018-1A                                                                    | NRZT 2018-1A A1A 144A FRN 12-25-57                                                              | CUSIP: 64830GAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     27249 | PA      | $26604.74     | 0.00%             | 2057-12-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| KINGDOM OF SAUDI ARABIA                                                         | KSA IJARAH SUKUK LTD 144A LIFE 4.875% 09-09-35                                                  | CUSIP: 50116FAB8<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |   4000000 | PA      | $3903700.00   | 0.02%             | 2035-09-09      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| LITHUANIA (REPUBLIC OF)                                                         | LITHUANIA GOVERNMENT INTERNATIONAL BOND EUR REG S 4.25% 09-10-45                                | CUSIP: N/A<br>LEI: 529900F7Y171QF1RSU09       | Long             | DBT              | NUSS              | LT        |   3500000 | PA      | $3955584.57   | 0.02%             | 2045-09-10      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                               | HERC HOLDINGS INC 144A LIFE SR UNSEC 5.75% 03-15-31                                             | CUSIP: 42704LAH7<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   6190000 | PA      | $6101897.73   | 0.03%             | 2031-03-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                               | HERC HOLDINGS INC 144A LIFE SR UNSEC 6.0% 03-15-34                                              | CUSIP: 42704LAK0<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   5935000 | PA      | $5743798.04   | 0.03%             | 2034-03-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES INC                                                        | ALBERTSONS COS INC 144A LIFE SR UNSEC 4.875% 02-15-30                                           | CUSIP: 013092AE1<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   1835000 | PA      | $1797321.95   | 0.01%             | 2030-02-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS LLC                                                      | AXALTA COATING SYSTEMS LLC 144A LIFE SR UNSEC 4.75% 06-15-27                                    | CUSIP: 05454NAA7<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |  10650000 | PA      | $10584332.10  | 0.05%             | 2027-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATIONS LP                                                    | HESS MIDSTREAM OPERATIONS LP 144A LIFE SR UNSEC 5.875% 03-01-28                                 | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1835000 | PA      | $1847856.01   | 0.01%             | 2028-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| HUMANA INC                                                                      | HUMANA INC SR UNSEC 6.0% 05-01-55                                                               | CUSIP: 444859CC4<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   2910000 | PA      | $2700570.21   | 0.01%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DD9888 06-01-55                                                                   | CUSIP: 3140BA7A8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    989989 | PA      | $1010097.18   | 0.00%             | 2055-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DC6459 11-01-54                                                                   | CUSIP: 3140AUE90<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    771669 | PA      | $787058.74    | 0.00%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NY 2025-299P                                                                    | NY 2025-299P C 144A FRN 02-10-47                                                                | CUSIP: 62957FAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2756000 | PA      | $2814383.10   | 0.01%             | 2047-02-10      | Variable      | 6.38%                 | Yes           |                  2 | On Loan: No      |
| TURKEY (REPUBLIC OF)                                                            | TURKIYE GOVERNMENT INTERNATIONAL BOND 5.875% 06-26-31                                           | CUSIP: 900123DC1<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |  29280000 | PA      | $28034223.84  | 0.13%             | 2031-06-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TURKEY (REPUBLIC OF)                                                            | TURKIYE GOVERNMENT INTERNATIONAL BOND 6.5% 09-20-33                                             | CUSIP: 900123DD9<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |  11615000 | PA      | $11081825.04  | 0.05%             | 2033-09-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BX 2025-VLT7                                                                    | BX 2025-VLT7 B 144A FRN 07-15-44                                                                | CUSIP: 123913AC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13898000 | PA      | $13843353.06  | 0.06%             | 2044-07-15      | Variable      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| BX 2025-VLT7                                                                    | BX 2025-VLT7 C 144A FRN 07-15-44                                                                | CUSIP: 123913AE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13324000 | PA      | $13251011.13  | 0.06%             | 2044-07-15      | Variable      | 6.02%                 | Yes           |                  2 | On Loan: No      |
| COLOMBIA (REPUBLIC OF)                                                          | COLOMBIA GOVERNMENT INTERNATIONAL BOND 7.75% 11-07-36                                           | CUSIP: 195325EP6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  13348000 | PA      | $13667684.60  | 0.06%             | 2036-11-07      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY HOUSTON ELECTRIC LLC                                         | CENTERPOINT ENERGY HOUSTON ELECTRIC LLC SR UNSEC 5.05% 03-01-35                                 | CUSIP: 15189XBF4<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |   1585000 | PA      | $1579916.91   | 0.01%             | 2035-03-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC                                                            | AMENTUM HOLDINGS INC 144A LIFE SR UNSEC 7.25% 08-01-32                                          | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |  14567000 | PA      | $15087988.76  | 0.07%             | 2032-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| HUTCHISON WHAMPOA INTERNATIONAL (03/33) LTD                                     | HUTCHISON WHAMPOA INTERNATIONAL 03 REG S SR UNSEC 7.45% 11-24-33                                | CUSIP: N/A<br>LEI: 254900B7MU61GFDN5511       | Long             | DBT              | CORP              | KY        |   3910000 | PA      | $4527064.47   | 0.02%             | 2033-11-24      | Fixed         | 7.45%                 | Yes           |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                        | SERVICE PROPERTIES TRUST SR UNSEC 4.95% 02-15-27                                                | CUSIP: 44106MAW2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   2467000 | PA      | $2477506.95   | 0.01%             | 2027-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                                                | LAMAR MEDIA CORP 144A LIFE SR UNSEC 5.375% 11-01-33                                             | CUSIP: 513075CA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9030000 | PA      | $8845869.27   | 0.04%             | 2033-11-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| LYB INTERNATIONAL FINANCE III LLC                                               | LYB INTERNATIONAL FINANCE III LLC SR UNSEC 5.875% 01-15-36                                      | CUSIP: 50249AAR4<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |  12615000 | PA      | $12663466.83  | 0.06%             | 2036-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                                                 | CIGNA GROUP SR UNSEC 4.875% 09-15-32                                                            | CUSIP: 125523CY4<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1373420.13   | 0.01%             | 2032-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                            | CLEVELAND-CLIFFS INC 144A LIFE SR UNSEC 7.62% 01-15-34                                          | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |  19285000 | PA      | $18859148.63  | 0.09%             | 2034-01-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                               | HSBC HOLDINGS PLC SR UNSEC 5.79% 05-13-36/35                                                    | CUSIP: 404280EX3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |  10454000 | PA      | $10749879.56  | 0.05%             | 2036-05-13      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                                                  | HOME DEPOT INC SR UNSEC 1.375% 03-15-31                                                         | CUSIP: 437076CF7<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   2216000 | PA      | $1915760.81   | 0.01%             | 2031-03-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| BBCMS 2025-5C33                                                                 | BBCMS 2025-5C33 B FRN 03-15-58                                                                  | CUSIP: 072924AF0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5357000 | PA      | $5569110.42   | 0.03%             | 2058-03-15      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| BX 2025-VLT6                                                                    | BX 2025-VLT6 D 144A FRN 03-15-42                                                                | CUSIP: 12433KAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  18408000 | PA      | $18245751.89  | 0.09%             | 2042-03-15      | Variable      | 6.26%                 | Yes           |                  2 | On Loan: No      |
| ALPEK SAB DE CV                                                                 | ALPEK SAB DE CV 144A LIFE SR UNSEC 3.25% 02-25-31                                               | CUSIP: 020564AE0<br>LEI: 549300PWKJTP62D4IQ66 | Long             | DBT              | CORP              | MX        |   1100000 | PA      | $923926.30    | 0.00%             | 2031-02-25      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET CAR RENTAL LLC                                                      | AVIS BUDGET CAR RENTAL LLC 144A LIFE SR UNSEC 4.75% 04-01-28                                    | CUSIP: 053773BG1<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |   7775000 | PA      | $7591642.18   | 0.04%             | 2028-04-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| KRONOS ACQUISITION HOLDINGS INC                                                 | KRONOS ACQUISITION HOLDINGS INC 144A LIFE SR UNSEC 10.75% 06-30-32                              | CUSIP: 50106GAJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   5145000 | PA      | $1736437.50   | 0.01%             | 2032-06-30      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| KRAKEN OIL & GAS PARTNERS LLC                                                   | KRAKEN OIL & GAS PARTNERS LLC 144A LIFE SR UNSEC 7.625% 08-15-29                                | CUSIP: 50076PAA6<br>LEI: 549300DR5HSL4YAU3X12 | Long             | DBT              | CORP              | US        |   6725000 | PA      | $6871288.93   | 0.03%             | 2029-08-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                                             | AVANTOR FUNDING INC 144A LIFE SR UNSEC 4.625% 07-15-28                                          | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |   5435000 | PA      | $5307891.66   | 0.02%             | 2028-07-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS INC                                                          | ADVANCE AUTO PARTS INC SR UNSEC 3.9% 04-15-30                                                   | CUSIP: 00751YAE6<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |  18097000 | PA      | $16630600.09  | 0.08%             | 2030-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| HUGHES SATELLITE SYSTEMS CORP                                                   | HUGHES SATELLITE SYSTEMS CORP SR UNSEC 6.625% 08-01-26                                          | CUSIP: 444454AF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  28345000 | PA      | $21354839.55  | 0.10%             | 2026-08-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| HUGHES SATELLITE SYSTEMS CORP                                                   | HUGHES SATELLITE SYSTEMS CORP SR SEC 1ST LIEN 5.25% 08-01-26                                    | CUSIP: 444454AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13880000 | PA      | $12353894.00  | 0.06%             | 2026-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BMARK 2025-V16                                                                  | BMARK 2025-V16 B FRN 08-15-58                                                                   | CUSIP: 08164RAF2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8693000 | PA      | $9009833.77   | 0.04%             | 2058-08-15      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| BFLD 2025-5MW                                                                   | BFLD 2025-5MW A 144A FRN 10-10-42                                                               | CUSIP: 088921AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  18297000 | PA      | $18171464.28  | 0.09%             | 2042-10-10      | Variable      | 4.83%                 | Yes           |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                     | MEXICO GOVERNMENT INTERNATIONAL BOND 4.5% 04-22-29                                              | CUSIP: 91087BAF7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |  14220000 | PA      | $14130840.60  | 0.07%             | 2029-04-22      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                     | MEXICO GOVERNMENT INTERNATIONAL BOND 4.75% 03-08-44                                             | CUSIP: 91086QBB3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $160770.00    | 0.00%             | 2044-03-08      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS INC                                                     | SURGERY CENTER HOLDINGS INC 144A LIFE SR UNSEC 7.25% 04-15-32                                   | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |  19790000 | PA      | $19461941.17  | 0.09%             | 2032-04-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                                                       | SUNOCO LP 144A LIFE SR UNSEC 7.0% 05-01-29                                                      | CUSIP: 86765KAB5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |  30180000 | PA      | $31013209.44  | 0.15%             | 2029-05-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC                                                                   | CITIGROUP INC SR UNSEC 5.174% 09-11-36/35                                                       | CUSIP: 172967QH7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   6210000 | PA      | $6158196.18   | 0.03%             | 2036-09-11      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                   | CITIGROUP INC SR UNSEC 4.503% 09-11-31/30                                                       | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4854000 | PA      | $4799974.98   | 0.02%             | 2031-09-11      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                                             | HILCORP ENERGY I LP 144A LIFE SR UNSEC 6.0% 02-01-31                                            | CUSIP: 431318AV6<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |   2888000 | PA      | $2808946.78   | 0.01%             | 2031-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| HOWARD HUGHES CORP/THE                                                          | HOWARD HUGHES CORP 144A LIFE SR UNSEC 4.125% 02-01-29                                           | CUSIP: 44267DAE7<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |  14865000 | PA      | $14072383.34  | 0.07%             | 2029-02-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DB4465 08-01-54                                                                   | CUSIP: 3140AD6B2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1260943 | PA      | $1286947.88   | 0.01%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DE1532 06-01-55                                                                   | CUSIP: 3140BDV23<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   2701511 | PA      | $2755662.62   | 0.01%             | 2055-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BFLD 2025-5MW                                                                   | BFLD 2025-5MW D 144A FRN 10-10-42                                                               | CUSIP: 088921AD3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1779000 | PA      | $1806158.21   | 0.01%             | 2042-10-10      | Variable      | 6.58%                 | Yes           |                  2 | On Loan: No      |
| BANK5 2025-5YR17                                                                | BANK5 2025-5YR17 B FRN 11-15-58                                                                 | CUSIP: 06211GAU0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3378000 | PA      | $3458325.46   | 0.02%             | 2058-11-15      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                                       | SUNOCO LP 144A LIFE SR UNSEC 7.25% 05-01-32                                                     | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |  11475000 | PA      | $11879883.90  | 0.06%             | 2032-05-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                                   | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 5.45% 06-01-31                                    | CUSIP: 842400JE4<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   3100000 | PA      | $3172369.50   | 0.01%             | 2031-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                        | SERVICE PROPERTIES TRUST SR UNSEC 3.95% 01-15-28                                                | CUSIP: 44106MAX0<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |  29272000 | PA      | $28021031.81  | 0.13%             | 2028-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                        | SERVICE PROPERTIES TRUST SR UNSEC 4.375% 02-15-30                                               | CUSIP: 44106MAY8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |  30146000 | PA      | $26802507.14  | 0.13%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BMARK 2025-V18                                                                  | BMARK 2025-V18 C 6.1389% 10-15-58                                                               | CUSIP: 08164EAF1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4489000 | PA      | $4481647.02   | 0.02%             | 2058-10-15      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| BX 2025-VOLT                                                                    | BX 2025-VOLT B 144A FRN 12-15-44                                                                | CUSIP: 05619PAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  19984000 | PA      | $19879803.42  | 0.09%             | 2044-12-15      | Variable      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| EQUIPMENTSHARE EQS_24-2M                                                        | EQS 2024-2M B 144A 6.43% 12-20-32                                                               | CUSIP: 69121NAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2345124 | PA      | $2363071.09   | 0.01%             | 2032-12-20      | Fixed         | 6.43%                 | Yes           |                  2 | On Loan: No      |
| EVGRN 2025-CRT5                                                                 | EVGRN 2025-CRT5 C 144A 5.53% 05-15-29                                                           | CUSIP: 30023JCY2<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | US        |    957000 | PA      | $962590.79    | 0.00%             | 2029-05-15      | Fixed         | 5.53%                 | Yes           |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS LLC                                                       | DUKE ENERGY CAROLINAS LLC SR SEC 1ST LIEN 5.35% 01-15-53                                        | CUSIP: 26442CBK9<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |   4820000 | PA      | $4519752.56   | 0.02%             | 2053-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG (NEW YORK BRANCH)                                              | DEUTSCHE BANK AG SR NON PREF 6.819% 11-20-29/28                                                 | CUSIP: 251526CU1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7142000 | PA      | $7500178.44   | 0.04%             | 2029-11-20      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIES LP                                                    | HUDSON PACIFIC PROPERTIES LP SR UNSEC 4.65% 04-01-29                                            | CUSIP: 44409MAB2<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              | CORP              | US        |  14565000 | PA      | $12441204.53  | 0.06%             | 2029-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                        | SERVICE PROPERTIES TRUST SR UNSEC 4.95% 10-01-29                                                | CUSIP: 44106MBB7<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |  37384000 | PA      | $33899250.44  | 0.16%             | 2029-10-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| SOTERA HEALTH HOLDINGS LLC                                                      | SOTERA HEALTH HOLDINGS LLC 144A LIFE SR SEC 1ST LIEN 7.375% 06-01-31                            | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |  16415000 | PA      | $16976770.55  | 0.08%             | 2031-06-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| MOTHERSON GLOBAL INVESTMENTS BV                                                 | MOTHERSON GLOBAL INVESTMENTS BV REG S SR SEC 1ST LIEN 5.625% 07-11-29                           | CUSIP: N/A<br>LEI: 549300IC3G64XN1ETG11       | Long             | DBT              | CORP              | NL        |   1500000 | PA      | $1524568.50   | 0.01%             | 2029-07-11      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS PRIVATE CREDIT CORP                                               | GOLDMAN SACHS PRIVATE CREDIT CORP 144A SR UNSEC 5.875% 01-31-31                                 | CUSIP: 38152BAG6<br>LEI: 549300TD27G6372IYJ65 | Long             | DBT              | CORP              | US        |  40000000 | PA      | $38836960.00  | 0.18%             | 2031-01-31      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL SC FINANCE SRL SEACO_19-1A                                               | GSCFV 2019-1A B 144A 4.81% 08-17-39                                                             | CUSIP: 37891TAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    170833 | PA      | $166993.35    | 0.00%             | 2039-08-17      | Fixed         | 4.81%                 | Yes           |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIES LP                                                    | HUDSON PACIFIC PROPERTIES LP SR UNSEC 3.25% 01-15-30                                            | CUSIP: 44409MAC0<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              | CORP              | US        |  37880000 | PA      | $30657344.64  | 0.14%             | 2030-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC                                           | HILTON DOMESTIC OPERATING CO INC SR UNSEC 4.875% 01-15-30                                       | CUSIP: 432833AF8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   7615000 | PA      | $7504194.14   | 0.04%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                                              | VENTURE GLOBAL PLAQUEMINES LNG LLC 144A LIFE SR SEC 1ST LIEN 6.5% 06-15-34                      | CUSIP: 922966AF3<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |  13075000 | PA      | $13618684.65  | 0.06%             | 2034-06-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| BAUSCH HEALTH AMERICAS INC                                                      | BAUSCH HEALTH AMERICAS INC 144A LIFE SR UNSEC 8.5% 01-31-27                                     | CUSIP: 91911XAW4<br>LEI: KOO0397YRO83WY5MGD97 | Long             | DBT              | CORP              | US        |  28290000 | PA      | $28048403.40  | 0.13%             | 2027-01-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| ENDO FINANCE HOLDINGS LP                                                        | ENDO FINANCE HOLDINGS LP 144A LIFE SR SEC 1ST LIEN 8.5% 04-15-31                                | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  19939000 | PA      | $20893061.21  | 0.10%             | 2031-04-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                                          | EQUIPMENTSHARE.COM INC 144A LIFE SR SEC 2ND LIEN 8.625% 05-15-32                                | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |  41857000 | PA      | $43740941.71  | 0.21%             | 2032-05-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                                                             | GILEAD SCIENCES INC SR UNSEC 2.8% 10-01-50                                                      | CUSIP: 375558BT9<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    225000 | PA      | $139559.85    | 0.00%             | 2050-10-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                                  | GRAY MEDIA INC 144A LIFE SR UNSEC 4.75% 10-15-30                                                | CUSIP: 389375AL0<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   5772000 | PA      | $4459949.36   | 0.02%             | 2030-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT CORP                                                                    | NAVIENT CORP SR UNSEC 11.5% 03-15-31                                                            | CUSIP: 63938CAP3<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   8447000 | PA      | $8593918.67   | 0.04%             | 2031-03-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                                           | NABORS INDUSTRIES INC 144A LIFE SR UNSEC 9.125% 01-31-30                                        | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |  15870000 | PA      | $16672403.07  | 0.08%             | 2030-01-31      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS DUTCH HOLDING B BV                                       | AXALTA COATING SYSTEMS DUTCH HOLDING B BV 144A LIFE SR UNSEC 7.25% 02-15-31                     | CUSIP: 05455JAA5<br>LEI: 5493007DMEBZH3CQ5E51 | Long             | DBT              | CORP              | NL        |   4175000 | PA      | $4371087.23   | 0.02%             | 2031-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| AMS-OSRAM AG                                                                    | AMS-OSRAM AG 144A LIFE SR UNSEC 12.25% 03-30-29                                                 | CUSIP: 03217CAB2<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |  23675000 | PA      | $25201232.55  | 0.12%             | 2029-03-30      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| BX 2025-VOLT                                                                    | BX 2025-VOLT A 144A FRN 12-15-44                                                                | CUSIP: 05619PAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  22603000 | PA      | $22573548.29  | 0.11%             | 2044-12-15      | Variable      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| BX 2025-VOLT                                                                    | BX 2025-VOLT D 144A FRN 12-15-44                                                                | CUSIP: 05619PAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4650000 | PA      | $4629814.35   | 0.02%             | 2044-12-15      | Variable      | 6.67%                 | Yes           |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FINANCE PLC                                                | VIRGIN MEDIA SECURED FINANCE PLC 144A LIFE SR SEC 1ST LIEN 4.5% 08-15-30                        | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |   3425000 | PA      | $3040129.33   | 0.01%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| VALE OVERSEAS LTD                                                               | VALE OVERSEAS LTD SR UNSEC 3.75% 07-08-30                                                       | CUSIP: 91911TAQ6<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | BR        |   3000000 | PA      | $2858898.00   | 0.01%             | 2030-07-08      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                         | GOLDMAN SACHS GROUP INC SR UNSEC 1.992% 01-27-32/31                                             | CUSIP: 38141GXR0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    625000 | PA      | $548700.00    | 0.00%             | 2032-01-27      | Variable      | 1.99%                 | No            |                  2 | On Loan: No      |
| GUARA NORTE SARL                                                                | GUARA NORTE SARL 144A LIFE SR SEC 1ST LIEN SF 5.198% 06-15-34                                   | CUSIP: 400666AA1<br>LEI: 549300U2I4L03BBA3485 | Long             | DBT              | CORP              | BR        |   1399635 | PA      | $1357819.50   | 0.01%             | 2034-06-15      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| AAR ESCROW ISSUER LLC                                                           | AAR ESCROW ISSUER LLC 144A LIFE SR UNSEC 6.75% 03-15-29                                         | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4374000 | PA      | $4454905.88   | 0.02%             | 2029-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ABBVIE INC                                                                      | ABBVIE INC SR UNSEC 4.8% 03-15-29                                                               | CUSIP: 00287YDS5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |  22405000 | PA      | $22768005.81  | 0.11%             | 2029-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BX 2025-DELC                                                                    | BX 2025-DELC B 144A FRN 12-15-42                                                                | CUSIP: 05594MAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     52000 | PA      | $52032.81     | 0.00%             | 2042-12-15      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| BX 2025-DELC                                                                    | BX 2025-DELC A 144A FRN 12-15-42                                                                | CUSIP: 05594MAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1873000 | PA      | $1877553.26   | 0.01%             | 2042-12-15      | Variable      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY CO                                                     | CANADIAN PACIFIC RAILWAY CO SR UNSEC 1.75% 12-02-26                                             | CUSIP: 13645RBE3<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    435000 | PA      | $428339.72    | 0.00%             | 2026-12-02      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY CO                                                     | CANADIAN PACIFIC RAILWAY CO SR UNSEC 3.0% 12-02-41                                              | CUSIP: 13645RBG8<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |   1139000 | PA      | $837875.74    | 0.00%             | 2041-12-02      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                | CCO HOLDINGS LLC 144A SR UNSEC 7.0% 02-01-33                                                    | CUSIP: 1248EPCU5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  36920000 | PA      | $37058413.08  | 0.17%             | 2033-02-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CSX CORP                                                                        | CSX CORP SR UNSEC 4.5% 03-15-49                                                                 | CUSIP: 126408HP1<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |     25000 | PA      | $20872.33     | 0.00%             | 2049-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                | CCO HOLDINGS LLC 144A SR UNSEC 4.75% 03-01-30                                                   | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  19736000 | PA      | $18739410.94  | 0.09%             | 2030-03-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DD1766 02-01-55                                                                   | CUSIP: 3140B16C5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   2580625 | PA      | $2632717.31   | 0.01%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QY3770 05-01-55                                                                   | CUSIP: 31426NFL9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    809931 | PA      | $832046.76    | 0.00%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                            | ONEMAIN FINANCE CORP SR UNSEC 7.5% 05-15-31                                                     | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |  16017000 | PA      | $16112701.58  | 0.08%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                            | ONEMAIN FINANCE CORP SR UNSEC 7.125% 11-15-31                                                   | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |  16985000 | PA      | $16843548.92  | 0.08%             | 2031-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BOCA 2025-BOCA                                                                  | BOCA 2025-BOCA D 144A FRN 12-15-42                                                              | CUSIP: 05619RAD4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1203000 | PA      | $1200843.02   | 0.01%             | 2042-12-15      | Variable      | 6.27%                 | Yes           |                  2 | On Loan: No      |
| BOCA 2025-BOCA                                                                  | BOCA 2025-BOCA B 144A FRN 12-15-42                                                              | CUSIP: 05619RAB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5282000 | PA      | $5289088.44   | 0.02%             | 2042-12-15      | Variable      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS BIDCO LTD                                                | GALAXY PIPELINE ASSETS BIDCO LTD REG S SR SEC 1ST LIEN SF 2.94% 09-30-40                        | CUSIP: N/A<br>LEI: 549300L82YB0C6JQIC26       | Long             | DBT              | CORP              | JE        |  10598641 | PA      | $8589711.28   | 0.04%             | 2040-09-30      | Fixed         | 2.94%                 | Yes           |                  2 | On Loan: No      |
| GENM CAPITAL LABUAN LTD                                                         | GENM CAPITAL LABUAN LTD REG S SR UNSEC 3.882% 04-19-31                                          | CUSIP: N/A<br>LEI: 254900DWSHIWTSE0YG58       | Long             | DBT              | CORP              | MY        |  37615000 | PA      | $33403963.14  | 0.16%             | 2031-04-19      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                                 | UST 10YR FUT ULTRA UXYM6 06-18-26                                                               | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |     12099 | NC      | $25326534.07  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                                 | UST 30YR FUT ULTRA WNM6 06-18-26                                                                | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |       203 | NC      | $631124.31    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES 2021-62A                                                                   | ARES 2021-62A A1R CLO 144A FRN 01-25-34                                                         | CUSIP: 00192WAL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   3770000 | PA      | $3768416.60   | 0.02%             | 2034-01-25      | Variable      | 4.74%                 | Yes           |                  2 | On Loan: No      |
| APOLLO AVIATION SECURITIZATION EQUITY TRUST AASET_25-3                          | AASET 2025-3A A 144A 5.243% 02-16-50                                                            | CUSIP: 00039NAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1766978 | PA      | $1746456.36   | 0.01%             | 2050-02-16      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORP                                                                     | ORACLE CORP SR UNSEC 5.25% 02-03-32                                                             | CUSIP: 68389XCZ6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2950000 | PA      | $2898283.55   | 0.01%             | 2032-02-03      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                     | ORACLE CORP SR UNSEC 5.5% 08-03-35                                                              | CUSIP: 68389XDA0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  61151000 | PA      | $58407888.44  | 0.27%             | 2035-08-03      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMMONWEALTH OF (GOVERNMENT)                                        | COMMONWEALTH OF PUERTO RICO FRN 11-01-43                                                        | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   3262277 | PA      | $2189803.13   | 0.01%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 5.25% 07-01-26                                             | CUSIP: 74526QXR8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   2880000 | PA      | $1915200.00   | 0.01%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO LTD                                                             | NISSAN MOTOR CO LTD 144A LIFE SR UNSEC 7.75% 07-17-32                                           | CUSIP: 654922AC7<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |  10080000 | PA      | $10217239.20  | 0.05%             | 2032-07-17      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS INC                                             | NEXTERA ENERGY CAPITAL HOLDINGS INC SR UNSEC 4.685% 09-01-27                                    | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1733866.50   | 0.01%             | 2027-09-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QX3576 01-01-55                                                                   | CUSIP: 31425X6N4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2700396 | PA      | $2754579.42   | 0.01%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DD0756 02-01-55                                                                   | CUSIP: 3140B0ZW1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    759696 | PA      | $777087.05    | 0.00%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                                      | ABBVIE INC SR UNSEC 5.35% 03-15-44                                                              | CUSIP: 00287YDV8<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1145910.53   | 0.01%             | 2044-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                                      | ABBVIE INC SR UNSEC 5.5% 03-15-64                                                               | CUSIP: 00287YDX4<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1566000 | PA      | $1494488.61   | 0.01%             | 2064-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QY0388 04-01-55                                                                   | CUSIP: 31426JNE5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   6555027 | PA      | $6687845.05   | 0.03%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DD9150 05-01-55                                                                   | CUSIP: 3140BAEY8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    717767 | PA      | $732364.47    | 0.00%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC (GOVERNMENT)                                                 | DOMINICAN REPUBLIC INTERNATIONAL BOND REG S 5.3% 01-21-41                                       | CUSIP: N/A<br>LEI: 254900EHU7Q8FGVPI369       | Long             | DBT              | NUSS              | DO        |   1276000 | PA      | $1088810.80   | 0.01%             | 2041-01-21      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC (GOVERNMENT)                                                 | DOMINICAN REPUBLIC INTERNATIONAL BOND 144A LIFE 5.3% 01-21-41                                   | CUSIP: 25714PEG9<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    412000 | PA      | $351559.60    | 0.00%             | 2041-01-21      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| EUROBANK SA                                                                     | EUROBANK SA EUR REG S SR UNSEC (B) 4.875% 04-30-31/30                                           | CUSIP: N/A<br>LEI: 213800KGF4EFNUQKAT69       | Long             | DBT              | CORP              | GR        |  27351000 | PA      | $32636924.27  | 0.15%             | 2031-04-30      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                            | EDISON INTERNATIONAL SR UNSEC 5.45% 06-15-29                                                    | CUSIP: 281020BA4<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   2487000 | PA      | $2511171.15   | 0.01%             | 2029-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| BOCA 2025-BOCA                                                                  | BOCA 2025-BOCA A 144A FRN 12-15-42                                                              | CUSIP: 05619RAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8221000 | PA      | $8239645.23   | 0.04%             | 2042-12-15      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| BOCA 2025-BOCA                                                                  | BOCA 2025-BOCA C 144A FRN 12-15-42                                                              | CUSIP: 05619RAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3583000 | PA      | $3582054.09   | 0.02%             | 2042-12-15      | Variable      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 SL1418 10-01-54                                                                   | CUSIP: 31427NSG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1573462 | PA      | $1605817.61   | 0.01%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DD8109 04-01-55                                                                   | CUSIP: 3140B9AK5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    758794 | PA      | $774989.42    | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DD4905 03-01-55                                                                   | CUSIP: 3140B5NX1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    277251 | PA      | $282840.70    | 0.00%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 RJ4422 04-01-55                                                                   | CUSIP: 3142GU4G5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1715396 | PA      | $1750022.76   | 0.01%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                                 | UST 10YR FUT TYM6 06-18-26                                                                      | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |       579 | NC      | $-1026877.93  | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                                 | UST 20YR FUT USM6 06-18-26                                                                      | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |      4457 | NC      | $-16452101.57 | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| POWER FINANCE CORP LTD                                                          | POWER FINANCE CORP LTD REG S SR UNSEC 4.5% 06-18-29                                             | CUSIP: N/A<br>LEI: 3358003Q6D9LIJJZ1614       | Long             | DBT              | CORP              | IN        |   3300000 | PA      | $3267528.00   | 0.02%             | 2029-06-18      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| PRESTIGE BRANDS INC                                                             | PRESTIGE BRANDS INC 144A LIFE SR UNSEC 5.125% 01-15-28                                          | CUSIP: 74112BAL9<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |   5175000 | PA      | $5167253.03   | 0.02%             | 2028-01-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST COMM_15-CR26                                                | COMM 15-CR26 C FRN 10-10-48/09-12-25                                                            | CUSIP: 12593QBJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    860000 | PA      | $811873.54    | 0.00%             | 2048-10-10      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                                 | UST 2YR FUT TUM6 06-30-26                                                                       | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |      7703 | NC      | $-10245491.74 | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                                 | UST 5YR FUT FVM6 06-30-26                                                                       | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |     24445 | NC      | $-29080074.08 | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| PTTEP TREASURY CENTER CO LTD                                                    | PTTEP TREASURY CENTER CO LTD REG S SR UNSEC 2.993% 01-15-30                                     | CUSIP: N/A<br>LEI: 2549006WFOUPZX6TZG08       | Long             | DBT              | CORP              | TH        |   1474000 | PA      | $1394101.83   | 0.01%             | 2030-01-15      | Fixed         | 2.99%                 | Yes           |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                               | POST HOLDINGS INC 144A LIFE SR UNSEC 4.625% 04-15-30                                            | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |  12976000 | PA      | $12466108.08  | 0.06%             | 2030-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| ELI LILLY AND CO                                                                | ELI LILLY & CO SR UNSEC 4.6% 08-14-34                                                           | CUSIP: 532457CR7<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   6292000 | PA      | $6230577.50   | 0.03%             | 2034-08-14      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| ERP OPERATING LP                                                                | ERP OPERATING LP SR UNSEC 4.65% 09-15-34                                                        | CUSIP: 26884ABP7<br>LEI: DX5HQV5MLU50FEWZ5072 | Long             | DBT              | CORP              | US        |   1485000 | PA      | $1450470.78   | 0.01%             | 2034-09-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| N/A                                                                             | EUR FWD SALE TO USD 4/15/2026                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |         1 | NC      | $131230.63    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                             | EUR FWD SALE TO USD 4/24/2026                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |         1 | NC      | $-150921.58   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                         | GOLDMAN SACHS GROUP INC SR UNSEC 2.615% 04-22-32/31                                             | CUSIP: 38141GYB4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   5129000 | PA      | $4608775.79   | 0.02%             | 2032-04-22      | Variable      | 2.62%                 | No            |                  2 | On Loan: No      |
| GUARA NORTE SARL                                                                | GUARA NORTE SARL REG S SR UNSEC SF 5.198% 06-15-34                                              | CUSIP: N/A<br>LEI: 549300U2I4L03BBA3485       | Long             | DBT              | CORP              | BR        |   3637578 | PA      | $3528901.43   | 0.02%             | 2034-06-15      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| PACIFICORP                                                                      | PACIFICORP SR SEC 1ST LIEN 3.3% 03-15-51                                                        | CUSIP: 695114CX4<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   5220000 | PA      | $3260286.72   | 0.02%             | 2051-03-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| PLDT INC                                                                        | PLDT INC REG S SR UNSEC 2.5% 01-23-31                                                           | CUSIP: N/A<br>LEI: 254900ADE8GQHM5P2648       | Long             | DBT              | CORP              | PH        |   5500000 | PA      | $5025344.50   | 0.02%             | 2031-01-23      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                         | GOLDMAN SACHS GROUP INC SR UNSEC 2.908% 07-21-42/41                                             | CUSIP: 38141GYK4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1443000 | PA      | $1017277.48   | 0.00%             | 2042-07-21      | Variable      | 2.91%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                                  | GRAY MEDIA INC 144A LIFE SR UNSEC 5.375% 11-15-31                                               | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |  14442000 | PA      | $10735388.49  | 0.05%             | 2031-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                     | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 2.1% 08-01-27                                       | CUSIP: 694308JF5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |  17158000 | PA      | $16635607.53  | 0.08%             | 2027-08-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                     | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 3.3% 08-01-40                                       | CUSIP: 694308JH1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    515000 | PA      | $385472.35    | 0.00%             | 2040-08-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| GRAND CANYON UNIVERSITY                                                         | GRAND CANYON UNIVERSITY SR UNSEC SF 4.375% 10-01-26                                             | CUSIP: 38528UAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3269000 | PA      | $3272831.27   | 0.02%             | 2026-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP                                                               | GENESIS ENERGY LP SR UNSEC 8.875% 04-15-30                                                      | CUSIP: 37185LAN2<br>LEI: 549300VJ5D6MDK138782 | Long             | DBT              | CORP              | US        |   6989000 | PA      | $7302358.80   | 0.03%             | 2030-04-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                     | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 3.5% 08-01-50                                       | CUSIP: 694308JJ7<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |  20745000 | PA      | $13727754.81  | 0.06%             | 2050-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA (REPUBLIC OF)                                                      | REPUBLIC OF SOUTH AFRICA GOVERNMENT INTERNATIONAL BOND 6.25% 03-08-41                           | CUSIP: 836205AP9<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   4650000 | PA      | $4146925.80   | 0.02%             | 2041-03-08      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ACHD 2025-DS1                                                                   | ACHD 2025-DS1 B 144A 9.38% 01-09-34                                                             | CUSIP: 00092TAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $606438.00    | 0.00%             | 2034-01-09      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| ACHD 2025-DS1                                                                   | ACHD 2025-DS1 A 144A 5.978% 01-09-34                                                            | CUSIP: 00092TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1269585 | PA      | $1271686.99   | 0.01%             | 2034-01-09      | Fixed         | 5.98%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QY0236 04-01-55                                                                   | CUSIP: 31426JHN2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    774839 | PA      | $790460.39    | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BX 2025-VLT6                                                                    | BX 2025-VLT6 C 144A FRN 03-15-42                                                                | CUSIP: 12433KAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12538000 | PA      | $12439075.18  | 0.06%             | 2042-03-15      | Variable      | 5.86%                 | Yes           |                  2 | On Loan: No      |
| BANK5 2025-5YR14                                                                | BANK5 2025-5YR14 C FRN 04-15-58                                                                 | CUSIP: 06604MAH1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4364000 | PA      | $4438336.38   | 0.02%             | 2058-04-15      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| ROMANIA (REPUBLIC OF)                                                           | ROMANIAN GOVERNMENT INTERNATIONAL BOND REG S 6.375% 01-30-34                                    | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |   5750000 | PA      | $5729719.75   | 0.03%             | 2034-01-30      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ROMANIA (REPUBLIC OF)                                                           | ROMANIAN GOVERNMENT INTERNATIONAL BOND 144A LIFE 6.375% 01-30-34                                | CUSIP: 77586RAU4<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |  12288000 | PA      | $12244660.22  | 0.06%             | 2034-01-30      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| BANK5 2025-5YR14                                                                | BANK5 2025-5YR14 B FRN 04-15-58                                                                 | CUSIP: 06604MAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9781000 | PA      | $10134074.54  | 0.05%             | 2058-04-15      | Variable      | 6.47%                 | No            |                  2 | On Loan: No      |
| WFCM 2024-5C1                                                                   | WFCM 2024-5C1 B FRN 07-15-57                                                                    | CUSIP: 95003VAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9535000 | PA      | $9883733.09   | 0.05%             | 2057-07-15      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC (GOVERNMENT)                                                 | DOMINICAN REPUBLIC INTERNATIONAL BOND 144A LIFE 7.05% 02-03-31                                  | CUSIP: 25714PET1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1850000 | PA      | $1917895.00   | 0.01%             | 2031-02-03      | Fixed         | 7.05%                 | Yes           |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                                                             | GILEAD SCIENCES INC SR UNSEC 5.25% 10-15-33                                                     | CUSIP: 375558BZ5<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   8456000 | PA      | $8748349.29   | 0.04%             | 2033-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BXSC COMMERCIAL MORTGAGE TRUST BXSC_22-WSS                                      | BXSC 2022-WSS B 144A FRN 03-15-35                                                               | CUSIP: 05610BAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12863946 | PA      | $12866711.82  | 0.06%             | 2035-03-15      | Variable      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| CALI 2024-SUN                                                                   | CALI 2024-SUN C 144A FRN 07-15-41                                                               | CUSIP: 12988DAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1794000 | PA      | $1800341.79   | 0.01%             | 2041-07-15      | Variable      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| BATTALION CLO LTD BATLN_18-12A                                                  | BATLN 2018-12A DRR CLO 144A FRN 05-17-31                                                        | CUSIP: 07133RBC8<br>LEI: 549300JIE0P78OIZGS60 | Long             | ABS-O            | CORP              | KY        |  13890000 | PA      | $13708457.70  | 0.06%             | 2031-05-17      | Variable      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| BLUEM 2021-31A                                                                  | BLUEM 2021-31A A1R CLO 144A FRN 04-19-34                                                        | CUSIP: 09631BAL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    821000 | PA      | $820039.43    | 0.00%             | 2034-04-19      | Variable      | 4.77%                 | Yes           |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                     | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 5.9% 10-01-54                                       | CUSIP: 694308KT3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   7886000 | PA      | $7353994.67   | 0.03%             | 2054-10-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP INC                                                      | PERFORMANCE FOOD GROUP INC 144A LIFE SR UNSEC 6.125% 09-15-32                                   | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   5970000 | PA      | $5988489.09   | 0.03%             | 2032-09-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY CO                                                     | CANADIAN PACIFIC RAILWAY CO SR UNSEC 3.1% 12-02-51                                              | CUSIP: 13645RBH6<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |   3550000 | PA      | $2325431.05   | 0.01%             | 2051-12-02      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                | CCO HOLDINGS LLC 144A SR UNSEC 4.75% 02-01-32                                                   | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    904000 | PA      | $818085.65    | 0.00%             | 2032-02-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| GENESIS ENERGY LP                                                               | GENESIS ENERGY LP SR UNSEC 8.25% 01-15-29                                                       | CUSIP: 37185LAP7<br>LEI: 549300VJ5D6MDK138782 | Long             | DBT              | CORP              | US        |   6985000 | PA      | $7221938.19   | 0.03%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| GLOBAL PARTNERS LP/MA                                                           | GLOBAL PARTNERS LP 144A LIFE SR UNSEC 8.25% 01-15-32                                            | CUSIP: 37954FAK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4320000 | PA      | $4482259.20   | 0.02%             | 2032-01-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| CONOCOPHILLIPS CO                                                               | CONOCOPHILLIPS CO SR UNSEC 5.5% 01-15-55                                                        | CUSIP: 20826FBM7<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |   1540000 | PA      | $1472358.58   | 0.01%             | 2055-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                   | CARNIVAL CORP 144A LIFE SR UNSEC 6.12% 02-15-33                                                 | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |  15265000 | PA      | $15425740.45  | 0.07%             | 2033-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION CORP                                        | GOLDEN STATE TOBACCO SECURITIZATION CORP 3.714% 06-01-41                                        | CUSIP: 38122ND58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2165000 | PA      | $1717239.03   | 0.01%             | 2041-06-01      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| ILLINOIS (STATE OF)                                                             | STATE OF ILLINOIS 5.1% 06-01-33                                                                 | CUSIP: 452151LF8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     78529 | PA      | $80023.51     | 0.00%             | 2033-06-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CALI 2024-SUN                                                                   | CALI 2024-SUN D 144A FRN 07-15-41                                                               | CUSIP: 12988DAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2400000 | PA      | $2411966.40   | 0.01%             | 2041-07-15      | Variable      | 7.30%                 | Yes           |                  2 | On Loan: No      |
| CFMT 2024-HB15                                                                  | CFMT 2024-HB15 M1 144A FRN 08-25-34                                                             | CUSIP: 15723AAB7<br>LEI: 98450050957GF5E1CD92 | Long             | ABS-CBDO         | CORP              | US        |   1103000 | PA      | $1082562.51   | 0.01%             | 2034-08-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC                                                                   | CITIGROUP INC SR UNSEC 3.057% 01-25-33/32                                                       | CUSIP: 17327CAQ6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1796000 | PA      | $1624613.11   | 0.01%             | 2033-01-25      | Variable      | 3.06%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                                | CHS 144A LIFE SR SEC 1ST LIEN 5.25% 05-15-30                                                    | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   4930000 | PA      | $4649591.46   | 0.02%             | 2030-05-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| HOWARD HUGHES CORP/THE                                                          | HOWARD HUGHES CORP 144A LIFE SR UNSEC 4.375% 02-01-31                                           | CUSIP: 44267DAF4<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |  12225000 | PA      | $11233002.38  | 0.05%             | 2031-02-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                                                           | HIGHTOWER HOLDING LLC 144A LIFE SR UNSEC 6.75% 04-15-29                                         | CUSIP: 43118DAA8<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |  14960000 | PA      | $14701102.24  | 0.07%             | 2029-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS BORROWER LLC                                             | HILTON GRAND VACATIONS BORROWER LLC 144A LIFE SR UNSEC 5.0% 06-01-29                            | CUSIP: 43284MAA6<br>LEI: 254900HF0EZ734FDVY79 | Long             | DBT              | CORP              | US        |    570000 | PA      | $541562.70    | 0.00%             | 2029-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| HDFC BANK LTD                                                                   | HDFC BANK LTD WD COCO PRP 144A LIFE SUB (H) 3.7% 12-31-79/02-25-27                              | CUSIP: 40415FAA9<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | DBT              | CORP              | IN        |   2000000 | PA      | $1974376.00   | 0.01%             | 2079-12-31      | Variable      | 3.70%                 | Yes           |                  2 | On Loan: No      |
| METROPOLITAN PIER & EXPOSITION AUTH (HYATT REGENCY MCCORMICK PL)                | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND AG-CR 0.0% 12-15-56                    | CUSIP: 592250DD3<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $371539.00    | 0.00%             | 2056-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY                                        | CENTURION FOUNDATION LAMAR BOULEVARD LLC OBLIGATED GROUP 6.82% 06-15-35                         | CUSIP: 63610TAH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4865000 | PA      | $4923024.86   | 0.02%             | 2035-06-15      | Fixed         | 6.82%                 | Yes           |                  2 | On Loan: No      |
| CFMT 2024-HB15                                                                  | CFMT 2024-HB15 M3 144A FRN 08-25-34                                                             | CUSIP: 15723AAD3<br>LEI: 98450050957GF5E1CD92 | Long             | ABS-CBDO         | CORP              | US        |   1964000 | PA      | $1901648.89   | 0.01%             | 2034-08-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CFMT 2024-HB15                                                                  | CFMT 2024-HB15 M2 144A FRN 08-25-34                                                             | CUSIP: 15723AAC5<br>LEI: 98450050957GF5E1CD92 | Long             | ABS-CBDO         | CORP              | US        |   1289000 | PA      | $1259400.69   | 0.01%             | 2034-08-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| HERTZ CORPORATION (THE)                                                         | HERTZ CORP 144A LIFE SR UNSEC 4.625% 12-01-26                                                   | CUSIP: 428040DA4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |   7052000 | PA      | $6396805.73   | 0.03%             | 2026-12-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                                           | HUB INTERNATIONAL LTD 144A LIFE SR UNSEC 5.625% 12-01-29                                        | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   8454000 | PA      | $8207904.06   | 0.04%             | 2029-12-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| SUMMIT MIDSTREAM HOLDINGS LLC                                                   | SUMMIT MIDSTREAM HOLDINGS LLC 144A LIFE SR SEC 1ST LIEN 8.625% 10-31-29                         | CUSIP: 86614JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13665000 | PA      | $14062747.16  | 0.07%             | 2029-10-31      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC                                                             | SHIFT4 PAYMENTS LLC 144A LIFE SR UNSEC 6.75% 08-15-32                                           | CUSIP: 82453AAB3<br>LEI: 254900GTEMR7L40VPI74 | Long             | DBT              | CORP              | US        |   6490000 | PA      | $6389664.60   | 0.03%             | 2032-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ARETEC GROUP INC                                                                | ARETEC GROUP INC 144A LIFE SR UNSEC 7.5% 04-01-29                                               | CUSIP: 040133AA8<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |  23794000 | PA      | $23587848.78  | 0.11%             | 2029-04-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO LLC                                                     | ALLIED UNIVERSAL HOLDCO LLC 144A LIFE SR UNSEC 6.0% 06-01-29                                    | CUSIP: 019576AC1<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |   8420000 | PA      | $8144430.24   | 0.04%             | 2029-06-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| PUERTO RICO COMMONWEALTH OF (GOVERNMENT)                                        | COMMONWEALTH OF PUERTO RICO 0.0% 07-01-33                                                       | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   1129011 | PA      | $820626.16    | 0.00%             | 2033-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMMONWEALTH OF (GOVERNMENT)                                        | COMMONWEALTH OF PUERTO RICO 5.625% 07-01-27                                                     | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    968228 | PA      | $987025.18    | 0.00%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATIONS LP                                                    | HESS MIDSTREAM OPERATIONS LP 144A LIFE SR UNSEC 5.5% 10-15-30                                   | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6605000 | PA      | $6555931.46   | 0.03%             | 2030-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                                             | HILCORP ENERGY I LP 144A LIFE SR UNSEC 6.0% 04-15-30                                            | CUSIP: 431318AY0<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |   7201000 | PA      | $7013802.80   | 0.03%             | 2030-04-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| BHG 2020-A                                                                      | BHG 2020-A C 144A 5.17% 09-17-31                                                                | CUSIP: 06616PAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    224448 | PA      | $224375.96    | 0.00%             | 2031-09-17      | Fixed         | 5.17%                 | Yes           |                  2 | On Loan: No      |
| CASTLELAKE AIRCRAFT SECURITIZATION TRUST CLAF_21-1                              | CLAF 2021-1 A 144A 2.868% 05-11-37                                                              | CUSIP: 12567UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2013634 | PA      | $1901315.85   | 0.01%             | 2037-05-11      | Fixed         | 2.87%                 | Yes           |                  2 | On Loan: No      |
| PUERTO RICO COMMONWEALTH OF (GOVERNMENT)                                        | COMMONWEALTH OF PUERTO RICO 4.0% 07-01-41                                                       | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    920206 | PA      | $852619.63    | 0.00%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMMONWEALTH OF (GOVERNMENT)                                        | COMMONWEALTH OF PUERTO RICO 4.0% 07-01-35                                                       | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    788581 | PA      | $777607.90    | 0.00%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO LLC                                                     | ALLIED UNIVERSAL HOLDCO LLC 144A LIFE SR SEC 1ST LIEN 4.625% 06-01-28                           | CUSIP: 019579AA9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |   5344000 | PA      | $5224561.60   | 0.02%             | 2028-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| AI CANDELARIA -SPAIN- SA                                                        | AI CANDELARIA -SPAIN- SA 144A LIFE SR SEC 1ST LIEN SF 5.75% 06-15-33                            | CUSIP: 00870WAA4<br>LEI: 213800L5KA2MJ5FKRZ02 | Long             | DBT              | CORP              | ES        |   2135000 | PA      | $1884297.63   | 0.01%             | 2033-06-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                                             | HILCORP ENERGY I LP 144A LIFE SR UNSEC 6.25% 04-15-32                                           | CUSIP: 431318AZ7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |   3086000 | PA      | $2988911.35   | 0.01%             | 2032-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                               | HSBC HOLDINGS PLC SR UNSEC 6.332% 03-09-44/43                                                   | CUSIP: 404280DW6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   6580000 | PA      | $6940807.72   | 0.03%             | 2044-03-09      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| SAN MIGUEL GLOBAL POWER HOLDINGS CORP                                           | SAN MIGUEL GLOBAL POWER HOLDINGS CORP PRP REG S SR UNSEC (H) 8.75% 12-31-79/09-12-29            | CUSIP: N/A<br>LEI: 549300HBCE80QXKII590       | Long             | DBT              | CORP              | PH        |   2967000 | PA      | $2929802.72   | 0.01%             | 2079-12-31      | Variable      | 8.75%                 | Yes           |                  2 | On Loan: No      |
| SHELL FINANCE US INC                                                            | SHELL FINANCE US INC SR UNSEC 3.25% 04-06-50                                                    | CUSIP: 822905AG0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     24000 | PA      | $16346.16     | 0.00%             | 2050-04-06      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                                           | HUB INTERNATIONAL LTD 144A LIFE SR SEC 1ST LIEN 7.25% 06-15-30                                  | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |  15162000 | PA      | $15540731.60  | 0.07%             | 2030-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| HONGKONG LAND FINANCE (CAYMAN ISLANDS) COMPANY LTD                              | HONGKONG LAND FINANCE CAYMAN ISLANDS CO LTD REG S SR UNSEC 5.25% 07-14-33                       | CUSIP: N/A<br>LEI: 254900OHTMO343QAXN81       | Long             | DBT              | CORP              | KY        |   2129000 | PA      | $2193644.96   | 0.01%             | 2033-07-14      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I PLC                                                      | VMED O2 UK FINANCING I PLC 144A LIFE SR SEC 1ST LIEN 4.25% 01-31-31                             | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   2730000 | PA      | $2347019.22   | 0.01%             | 2031-01-31      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC                                                      | VERIZON COMMUNICATIONS INC SR UNSEC 1.75% 01-20-31                                              | CUSIP: 92343VFR0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   3301000 | PA      | $2895099.14   | 0.01%             | 2031-01-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| SHELL FINANCE US INC                                                            | SHELL FINANCE US INC SR UNSEC 2.75% 04-06-30                                                    | CUSIP: 822905AB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6236000 | PA      | $5872665.70   | 0.03%             | 2030-04-06      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTERNATIONAL/US                                                   | SERVICE CORP INTERNATIONAL SR UNSEC 5.75% 10-15-32                                              | CUSIP: 817565CH5<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |   5890000 | PA      | $5886030.14   | 0.03%             | 2032-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                                       | PG&E CORP SUB (H) 7.375% 03-15-55/30                                                            | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |  13334000 | PA      | $13430591.50  | 0.06%             | 2055-03-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITED CO                                                    | PERRIGO FINANCE UNLIMITED CO SR UNSEC 6.125% 09-30-32                                           | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |   2550000 | PA      | $2328866.55   | 0.01%             | 2032-09-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES UTICA HOLDINGS LLC                                             | ASCENT RESOURCES UTICA HOLDINGS LLC 144A LIFE SR UNSEC 5.875% 06-30-29                          | CUSIP: 04364VAU7<br>LEI: 549300EGLQ2M2CL7JZ89 | Long             | DBT              | CORP              | US        |  24090000 | PA      | $24080821.71  | 0.11%             | 2029-06-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| AMWINS GROUP INC                                                                | AMWINS GROUP INC 144A LIFE SR UNSEC 4.875% 06-30-29                                             | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |  21120000 | PA      | $20248968.96  | 0.10%             | 2029-06-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| SATURN OIL & GAS INC                                                            | SATURN OIL & GAS INC 144A LIFE SR SEC 1ST LIEN SF 9.625% 06-15-29                               | CUSIP: 80412LAA5<br>LEI: 549300G6BWJ7K6PIIY73 | Long             | DBT              | CORP              | CA        |   1072000 | PA      | $1122783.86   | 0.01%             | 2029-06-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| SAN MIGUEL GLOBAL POWER HOLDINGS CORP                                           | SAN MIGUEL GLOBAL POWER HOLDINGS CORP PRP REG S SR UNSEC (H) 8.125% 12-31-79/03-02-30           | CUSIP: N/A<br>LEI: 549300HBCE80QXKII590       | Long             | DBT              | CORP              | PH        |    555000 | PA      | $540326.36    | 0.00%             | 2079-12-31      | Variable      | 8.12%                 | Yes           |                  2 | On Loan: No      |
| SRI LANKA (DEMOCRATIC SOCIALIST REPUBLIC OF)                                    | SRI LANKA GOVERNMENT INTERNATIONAL BOND 144A LIFE SF 3.1% 01-15-30/07-15-27                     | CUSIP: N/A<br>LEI: 254900HXCCIOHM74FA02       | Long             | DBT              | NUSS              | LK        |    806344 | PA      | $741854.22    | 0.00%             | 2030-01-15      | Variable      | 3.10%                 | Yes           |                  2 | On Loan: No      |
| SLM CORP                                                                        | SLM CORP SR UNSEC 6.5% 01-31-30                                                                 | CUSIP: 78442PGF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    845000 | PA      | $830092.51    | 0.00%             | 2030-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                                                     | AVIENT CORP 144A LIFE SR UNSEC 6.25% 11-01-31                                                   | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |   2950000 | PA      | $2973080.80   | 0.01%             | 2031-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET CAR RENTAL LLC                                                      | AVIS BUDGET CAR RENTAL LLC 144A LIFE SR UNSEC 8.25% 01-15-30                                    | CUSIP: 053773BJ5<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |  11540000 | PA      | $11617548.80  | 0.05%             | 2030-01-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                               | ALLIANT HOLDINGS INTERMEDIATE LLC 144A LIFE SR SEC 1ST LIEN 6.5% 10-01-31                       | CUSIP: 01883LAG8<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |   9675000 | PA      | $9512440.65   | 0.04%             | 2031-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                               | ALLIANT HOLDINGS INTERMEDIATE LLC 144A LIFE SR UNSEC 7.375% 10-01-32                            | CUSIP: 01883LAH6<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |   8197000 | PA      | $8128973.10   | 0.04%             | 2032-10-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| PUERTO RICO COMMONWEALTH OF (GOVERNMENT)                                        | COMMONWEALTH OF PUERTO RICO 4.0% 07-01-37                                                       | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    676811 | PA      | $654120.91    | 0.00%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMMONWEALTH OF (GOVERNMENT)                                        | COMMONWEALTH OF PUERTO RICO 4.0% 07-01-33                                                       | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    877307 | PA      | $876300.73    | 0.00%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                          | UNITED STATES TREASURY NOTE 4.75% 11-15-53                                                      | CUSIP: 912810TV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1838000 | PA      | $1786593.35   | 0.01%             | 2053-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                          | UNITED STATES TREASURY NOTE 4.25% 02-15-54                                                      | CUSIP: 912810TX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1181000 | PA      | $1057640.89   | 0.00%             | 2054-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 4.25% 07-01-28                                             | CUSIP: 74526QWN8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    145000 | PA      | $96425.00     | 0.00%             | 2028-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 5.5% 07-01-30                                              | CUSIP: 74526QAJ1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     90000 | PA      | $59850.00     | 0.00%             | 2030-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CATURUS ENERGY LLC                                                              | CATURUS ENERGY LLC 144A LIFE SR UNSEC 8.5% 02-15-30                                             | CUSIP: 49446BAA2<br>LEI: 254900LM244SIFQ1QY31 | Long             | DBT              | CORP              | US        |   3140000 | PA      | $3260371.90   | 0.02%             | 2030-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| KENYA (REPUBLIC OF)                                                             | REPUBLIC OF KENYA GOVERNMENT INTERNATIONAL BOND 144A LIFE SF 9.5% 03-05-36                      | CUSIP: 491798AN4<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |   1285000 | PA      | $1260766.19   | 0.01%             | 2036-03-05      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| PUERTO RICO COMMONWEALTH OF (GOVERNMENT)                                        | COMMONWEALTH OF PUERTO RICO 5.625% 07-01-29                                                     | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    952518 | PA      | $1006053.32   | 0.00%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-31                                              | CUSIP: 74526QZM7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    520000 | PA      | $345800.00    | 0.00%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 3.625% 07-01-31                                            | CUSIP: 74526QZF2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     20000 | PA      | $13300.00     | 0.00%             | 2031-07-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| APA CORP                                                                        | APA CORP SR UNSEC 5.25% 02-01-42                                                                | CUSIP: 03743QBC1<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |    397000 | PA      | $340234.56    | 0.00%             | 2042-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| APA CORP                                                                        | APA CORP SR UNSEC 4.25% 01-15-30                                                                | CUSIP: 03743QAZ1<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |    841000 | PA      | $827977.12    | 0.00%             | 2030-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| POLAND (REPUBLIC OF)                                                            | REPUBLIC OF POLAND GOVERNMENT INTERNATIONAL BOND 5.5% 04-04-53                                  | CUSIP: 731011AW2<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |  12300000 | PA      | $11425396.20  | 0.05%             | 2053-04-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTERPRISES PTE LTD                                           | PFIZER INVESTMENT ENTERPRISES PTE LTD SR UNSEC 4.45% 05-19-28                                   | CUSIP: 716973AC6<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    383000 | PA      | $385332.47    | 0.00%             | 2028-05-19      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY FRN 07-01-27                                               | CUSIP: 74526QLH3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   2240000 | PA      | $1489600.00   | 0.01%             | 2027-07-01      | Variable      | 3.47%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-37                                              | CUSIP: 74526QKX9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    455000 | PA      | $302575.00    | 0.00%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-27                                              | CUSIP: 74526QKK7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     60000 | PA      | $39900.00     | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-33                                              | CUSIP: 74526QKR2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    140000 | PA      | $93100.00     | 0.00%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE 2 PLC                                                       | HOWDEN UK REFINANCE 2 PLC 144A LIFE SR UNSEC 8.125% 02-15-32                                    | CUSIP: 44287DAA1<br>LEI: 875500O63ODR8S3K5X33 | Long             | DBT              | CORP              | GB        |   3570000 | PA      | $3348178.05   | 0.02%             | 2032-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE PLC                                                         | HOWDEN UK REFINANCE PLC 144A LIFE SR SEC 1ST LIEN 7.25% 02-15-31                                | CUSIP: 44287GAA4<br>LEI: 87550008DPN8BDG67910 | Long             | DBT              | CORP              | GB        |   6648000 | PA      | $6709135.01   | 0.03%             | 2031-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ADT SECURITY CORP                                                               | ADT SECURITY CORP 144A LIFE SR SEC 1ST LIEN 4.125% 08-01-29                                     | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |   2625000 | PA      | $2509497.38   | 0.01%             | 2029-08-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                                                                 | ADAPTHEALTH LLC 144A LIFE SR UNSEC 5.125% 03-01-30                                              | CUSIP: 00653VAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3001000 | PA      | $2877289.78   | 0.01%             | 2030-03-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST CPS_22-C                                             | CPS 2022-C D 144A 6.45% 04-15-30                                                                | CUSIP: 12664DAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2408400 | PA      | $2427796.82   | 0.01%             | 2030-04-15      | Fixed         | 6.45%                 | Yes           |                  2 | On Loan: No      |
| CREDIT ACCEPTANCE AUTO LOAN TRUST CAALT_23-1                                    | CAALT 2023-1A C 144A 7.71% 07-15-33                                                             | CUSIP: 224927AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9680000 | PA      | $9826748.80   | 0.05%             | 2033-07-15      | Fixed         | 7.71%                 | Yes           |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 5.25% 07-01-40                                             | CUSIP: 74526QVX7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   2525000 | PA      | $1679125.00   | 0.01%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 6.75% 07-01-36                                             | CUSIP: 74526QA69<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    455000 | PA      | $302575.00    | 0.00%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                                                      | HUMANA INC SR UNSEC 5.75% 04-15-54                                                              | CUSIP: 444859CB6<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   4944000 | PA      | $4449461.57   | 0.02%             | 2054-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                                                      | HUMANA INC SR UNSEC 5.375% 04-15-31                                                             | CUSIP: 444859CA8<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1061578.35   | 0.00%             | 2031-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES LP                                                            | ICAHN ENTERPRISES LP SR SEC 1ST LIEN 9.75% 01-15-29                                             | CUSIP: 451102CF2<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |  16180000 | PA      | $15918968.06  | 0.07%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES LP                                                            | ICAHN ENTERPRISES LP 144A LIFE SR SEC 1ST LIEN 10.0% 11-15-29                                   | CUSIP: 451102CK1<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |  13110000 | PA      | $12931677.78  | 0.06%             | 2029-11-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-42                                              | CUSIP: 74526QA28<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1660000 | PA      | $1103900.00   | 0.01%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RANCHO MIRAGE COMMUNITY FACILITIES DISTRICT                                     | CITY OF RANCHO MIRAGE CA COMMUNITY FACILITIES DISTRICT NO 5 IMPROVEMENT AREA 1 7.25% 09-01-39   | CUSIP: 75213WCU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6625000 | PA      | $6728919.75   | 0.03%             | 2039-09-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VALVOLINE INC                                                                   | VALVOLINE INC 144A LIFE SR UNSEC 3.625% 06-15-31                                                | CUSIP: 92047WAG6<br>LEI: 549300CMHPBEY6VPOT75 | Long             | DBT              | CORP              | US        |   8825000 | PA      | $7981991.88   | 0.04%             | 2031-06-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC                                                      | VERIZON COMMUNICATIONS INC SR UNSEC 2.55% 03-21-31                                              | CUSIP: 92343VGJ7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    853000 | PA      | $774610.15    | 0.00%             | 2031-03-21      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| NOBLE FINANCE II LLC                                                            | NOBLE FINANCE II LLC 144A LIFE SR UNSEC 8.0% 04-15-30                                           | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  23575000 | PA      | $24284890.40  | 0.11%             | 2030-04-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT CORP                                                                    | NAVIENT CORP SR UNSEC 9.375% 07-25-30                                                           | CUSIP: 63938CAN8<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |  15713000 | PA      | $15331535.50  | 0.07%             | 2030-07-25      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                                            | CHARTER COMMUNICATIONS OPERATING LLC SR SEC 1ST LIEN 4.8% 03-01-50                              | CUSIP: 161175BT0<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |  18426000 | PA      | $13632623.51  | 0.06%             | 2050-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                | CCO HOLDINGS LLC 144A SR UNSEC 4.5% 06-01-33                                                    | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  22772000 | PA      | $19842017.85  | 0.09%             | 2033-06-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| OWN EQUIPMENT FUND II LLC 25-1M                                                 | EQS 2025-1M A 144A 5.48% 09-26-33                                                               | CUSIP: 690912AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10731497 | PA      | $10733439.45  | 0.05%             | 2033-09-26      | Fixed         | 5.48%                 | Yes           |                  2 | On Loan: No      |
| OWN EQUIPMENT FUND II LLC 25-1M                                                 | EQS 2025-1M B 144A 6.31% 09-26-33                                                               | CUSIP: 690912AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3187060 | PA      | $3188057.12   | 0.01%             | 2033-09-26      | Fixed         | 6.31%                 | Yes           |                  2 | On Loan: No      |
| IHS HOLDING LTD                                                                 | IHS HOLDING LTD REG S SR UNSEC 7.875% 05-29-30                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | GB        |   4500000 | PA      | $4563247.50   | 0.02%             | 2030-05-29      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                               | IRON MOUNTAIN INC 144A LIFE SR UNSEC 6.25% 01-15-33                                             | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |  22940000 | PA      | $22884989.88  | 0.11%             | 2033-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| AT&T INC                                                                        | AT&T INC SR UNSEC 3.55% 09-15-55                                                                | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |  10615000 | PA      | $6908847.06   | 0.03%             | 2055-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                        | AT&T INC SR UNSEC 3.5% 09-15-53                                                                 | CUSIP: 00206RKJ0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |  10575000 | PA      | $6939589.95   | 0.03%             | 2053-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| EART 2025-5A                                                                    | EART 2025-5A D 5.16% 03-15-32                                                                   | CUSIP: 30166VAL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5538000 | PA      | $5501875.63   | 0.03%             | 2032-03-15      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| EQS 2025-2M                                                                     | EQS 2025-2M A 144A 5.42% 03-27-34                                                               | CUSIP: 69122AAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  27800898 | PA      | $27741765.26  | 0.13%             | 2034-03-27      | Fixed         | 5.42%                 | Yes           |                  2 | On Loan: No      |
| FANNIE MAE CONNECTICUT AVENUE SECURITIES CAS_19-R07                             | CAS 2019-R07 1B1 144A FRN 10-25-39                                                              | CUSIP: 20753WAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  16097059 | PA      | $16266222.65  | 0.08%             | 2039-10-25      | Variable      | 7.18%                 | Yes           |                  2 | On Loan: No      |
| CFMT 2024-RM5                                                                   | CFMT 2024-RM5 A 144A FRN 10-25-54                                                               | CUSIP: 147275AA9<br>LEI: 984500AB3AED98FEEV98 | Long             | ABS-CBDO         | CORP              | US        |   8131888 | PA      | $7947627.72   | 0.04%             | 2054-10-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF MOZAMBIQUE                                                          | MOZAMBIQUE INTERNATIONAL BOND REG S SF 9.0% 09-15-31                                            | CUSIP: N/A<br>LEI: 213800759WLKYIKPER73       | Long             | DBT              | NUSS              | MZ        |  20675000 | PA      | $15545635.88  | 0.07%             | 2031-09-15      | Variable      | 9.00%                 | Yes           |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                     | MEXICO GOVERNMENT INTERNATIONAL BOND 4.75% 04-27-32                                             | CUSIP: 91087BAK6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |  20425000 | PA      | $19648339.38  | 0.09%             | 2032-04-27      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                               | ALLIANT HOLDINGS INTERMEDIATE LLC 144A LIFE SR SEC 1ST LIEN 7.0% 01-15-31                       | CUSIP: 01883LAF0<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |   2430000 | PA      | $2451923.46   | 0.01%             | 2031-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                         | BRISTOL-MYERS SQUIBB CO SR UNSEC 5.2% 02-22-34                                                  | CUSIP: 110122EH7<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   8737000 | PA      | $8960282.77   | 0.04%             | 2034-02-22      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST ECONOMIC DEV FIN AUTH                                             | NORTH PACIFIC PAPER CO LLC 9.0% 12-01-36                                                        | CUSIP: 93975YAJ0<br>LEI: 549300TQ7IXFA28IYO51 | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1798191.75   | 0.01%             | 2036-12-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_22-1                                       | AESOP 2022-1A D 144A 6.36% 08-21-28                                                             | CUSIP: 05377RFF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12941000 | PA      | $12968745.50  | 0.06%             | 2028-08-21      | Fixed         | 6.36%                 | Yes           |                  2 | On Loan: No      |
| I-20 LANCASTER FUND LLC                                                         | I-20 LANCASTER FUND LLC 144A LIFE SR SEC 1ST LIEN 12.0% 01-15-35                                | CUSIP: 450952AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14338000 | PA      | $14248387.50  | 0.07%             | 2035-01-15      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC                                                     | ION PLATFORM FINANCE US INC 144A LIFE SR SEC 1ST LIEN 9.5% 05-30-29                             | CUSIP: 46206AAB8<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |  31733000 | PA      | $29906099.46  | 0.14%             | 2029-05-30      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORP                                                                     | ORACLE CORP SR UNSEC 6.0% 08-03-55                                                              | CUSIP: 68389XDB8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  27270000 | PA      | $22884547.68  | 0.11%             | 2055-08-03      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                                                  | OPAL BIDCO SAS 144A LIFE SR SEC 1ST LIEN 6.5% 03-31-32                                          | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |   8015000 | PA      | $8027575.54   | 0.04%             | 2032-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                                              | ROCHE HOLDINGS INC 144A LIFE SR UNSEC 4.985% 03-08-34                                           | CUSIP: 771196CL4<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |   9098000 | PA      | $9231649.62   | 0.04%             | 2034-03-08      | Fixed         | 4.99%                 | Yes           |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                                              | ROCHE HOLDINGS INC 144A LIFE SR UNSEC 5.218% 03-08-54                                           | CUSIP: 771196CM2<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |   2645000 | PA      | $2530476.79   | 0.01%             | 2054-03-08      | Fixed         | 5.22%                 | Yes           |                  2 | On Loan: No      |
| MORTGAGE TRUST DATA_23-CNTR                                                     | DATA 2023-CNTR D 144A FRN 08-12-43                                                              | CUSIP: 238021AJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  18967000 | PA      | $17263516.83  | 0.08%             | 2043-08-12      | Variable      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| DC COMMERCIAL MORTGAGE TRUST DC_23-DC                                           | DC 2023-DC D 144A FRN 09-12-40                                                                  | CUSIP: 24023AAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  21951000 | PA      | $22139054.22  | 0.10%             | 2040-09-12      | Variable      | 7.38%                 | Yes           |                  2 | On Loan: No      |
| ATI INC                                                                         | ATI INC SR UNSEC 4.875% 10-01-29                                                                | CUSIP: 01741RAL6<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |  12125000 | PA      | $11972552.38  | 0.06%             | 2029-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                                         | ATI INC SR UNSEC 5.125% 10-01-31                                                                | CUSIP: 01741RAM4<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |   6125000 | PA      | $6057318.75   | 0.03%             | 2031-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LYB INTERNATIONAL FINANCE III LLC                                               | LYB INTERNATIONAL FINANCE III LLC SR UNSEC 5.125% 01-15-31                                      | CUSIP: 50249AAQ6<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |   1378000 | PA      | $1380477.64   | 0.01%             | 2031-01-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LIMA METRO LINE 2 FINANCE LTD                                                   | LIMA METRO LINE 2 FINANCE LTD REG S SR SEC 1ST LIEN SF 5.875% 07-05-34                          | CUSIP: N/A<br>LEI: 5493009BVQNQT1UKQ352       | Long             | DBT              | CORP              | KY        |   2982368 | PA      | $3049113.40   | 0.01%             | 2034-07-05      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS INC                                                          | ADVANCE AUTO PARTS INC SR UNSEC 5.95% 03-09-28                                                  | CUSIP: 00751YAJ5<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |   1803000 | PA      | $1833598.71   | 0.01%             | 2028-03-09      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTERNATIONAL GROUP INC                                                | AMERICAN INTERNATIONAL GROUP INC SR UNSEC 5.125% 03-27-33                                       | CUSIP: 026874DS3<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |   1936000 | PA      | $1956751.98   | 0.01%             | 2033-03-27      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                    | UBS GROUP AG 144A LIFE SR UNSEC 3.091% 05-14-32/31                                              | CUSIP: 225401AU2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  12584000 | PA      | $11544586.77  | 0.05%             | 2032-05-14      | Variable      | 3.09%                 | Yes           |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                | CCO HOLDINGS LLC SR UNSEC 4.5% 05-01-32                                                         | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13572000 | PA      | $12135878.82  | 0.06%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                          | UNITED STATES TREASURY NOTE 4.375% 05-15-34                                                     | CUSIP: 91282CKQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    207500 | PA      | $209696.57    | 0.00%             | 2034-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                          | UNITED STATES TREASURY NOTE 4.25% 11-15-34                                                      | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6969000 | PA      | $6967911.44   | 0.03%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PEBBLEBROOK HOTEL LP                                                            | PEBBLEBROOK HOTEL LP 144A LIFE SR UNSEC 6.375% 10-15-29                                         | CUSIP: 70510LAA7<br>LEI: 549300DXEFK267TXZ832 | Long             | DBT              | CORP              | US        |   8865000 | PA      | $8888261.76   | 0.04%             | 2029-10-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| HOWARD HUGHES CORP/THE                                                          | HOWARD HUGHES CORP 144A LIFE SR UNSEC 5.875% 03-01-32                                           | CUSIP: 44267DAG2<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |  34410000 | PA      | $33147531.51  | 0.16%             | 2032-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| ALLWYN ENTERTAINMENT FINANCING (UK) PLC                                         | ALLWYN ENTERTAINMENT FINANCING UK PLC 144A LIFE SR SEC 1ST LIEN 7.875% 04-30-29                 | CUSIP: 02007VAA8<br>LEI: 315700J7ZTIN8XGCX365 | Long             | DBT              | CORP              | GB        |  13735000 | PA      | $14051344.52  | 0.07%             | 2029-04-30      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC                                                         | BOOZ ALLEN HAMILTON INC 144A LIFE SR UNSEC 3.875% 09-01-28                                      | CUSIP: 09951LAA1<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |    894000 | PA      | $871259.32    | 0.00%             | 2028-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| CARLYLE GROUP INC/THE                                                           | CARLYLE GROUP INC SR UNSEC 5.05% 09-19-35                                                       | CUSIP: 14316JAA6<br>LEI: 529900NGGVF94UK6PG95 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $965786.00    | 0.00%             | 2035-09-19      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY FLORIDA LLC                                                         | DUKE ENERGY FLORIDA LLC SR SEC 1ST LIEN 4.85% 12-01-35                                          | CUSIP: 26444HAU5<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |   4025000 | PA      | $3952421.20   | 0.02%             | 2035-12-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                                   | VISTRA OPERATIONS CO LLC 144A LIFE SR UNSEC 4.375% 05-01-29                                     | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   2490000 | PA      | $2432301.72   | 0.01%             | 2029-05-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU PASS LLC                                               | VENTURE GLOBAL CALCASIEU PASS LLC 144A LIFE SR SEC 1ST LIEN 3.875% 08-15-29                     | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   7904000 | PA      | $7516656.58   | 0.04%             | 2029-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD                                                              | LEVIATHAN BOND LTD 144A LIFE/REG S SR SEC 1ST LIEN 6.75% 06-30-30                               | CUSIP: N/A<br>LEI: 254900D9T8VKYVQNZ220       | Long             | DBT              | CORP              | IL        |   8090000 | PA      | $8227691.80   | 0.04%             | 2030-06-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                                               | LITHIA MOTORS INC 144A LIFE SR UNSEC 4.375% 01-15-31                                            | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    250000 | PA      | $235125.25    | 0.00%             | 2031-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                            | ONEMAIN FINANCE CORP SR UNSEC 7.125% 09-15-32                                                   | CUSIP: 682691AK6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |  14080000 | PA      | $13884372.48  | 0.07%             | 2032-09-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                                              | OSAIC HOLDINGS INC 144A LIFE SR SEC 1ST LIEN 6.75% 08-01-32                                     | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |  22280000 | PA      | $22299272.20  | 0.10%             | 2032-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                                              | OSAIC HOLDINGS INC 144A LIFE SR UNSEC 8.0% 08-01-33                                             | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |  21540000 | PA      | $21281886.18  | 0.10%             | 2033-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                            | ONEMAIN FINANCE CORP SR UNSEC 6.125% 05-15-30                                                   | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |  25305000 | PA      | $24761600.43  | 0.12%             | 2030-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ONE MARKET PLAZA TRUST OMPT_17-1MKT                                             | OMPT 2017-1MKT C 144A 4.0163% 02-10-32                                                          | CUSIP: 68245HAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3000000 | PA      | $2833224.00   | 0.01%             | 2032-02-10      | Fixed         | 4.02%                 | Yes           |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL TRUST PROG_25-SFR1                                         | PROG 2025-SFR1 D 144A 3.65% 02-17-42                                                            | CUSIP: 74334NAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8706000 | PA      | $8166280.24   | 0.04%             | 2042-02-17      | Variable      | 3.65%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU PASS LLC                                               | VENTURE GLOBAL CALCASIEU PASS LLC 144A LIFE SR SEC 1ST LIEN 4.125% 08-15-31                     | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |  18155000 | PA      | $16849673.66  | 0.08%             | 2031-08-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU PASS LLC                                               | VENTURE GLOBAL CALCASIEU PASS LLC 144A LIFE SR SEC 1ST LIEN 3.875% 11-01-33                     | CUSIP: 92328MAC7<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2659953.00   | 0.01%             | 2033-11-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                     | MEXICO GOVERNMENT INTERNATIONAL BOND 5.0% 04-27-51                                              | CUSIP: 91087BAL4<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   1200000 | PA      | $940740.00    | 0.00%             | 2051-04-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                     | MEXICO GOVERNMENT INTERNATIONAL BOND 3.75% 04-19-71                                             | CUSIP: 91087BAP5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   3250000 | PA      | $1884187.50   | 0.01%             | 2071-04-19      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_24-1                                       | AESOP 2024-1A D 144A 7.2% 06-20-30                                                              | CUSIP: 05377RKA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5280000 | PA      | $5299377.60   | 0.02%             | 2030-06-20      | Fixed         | 7.20%                 | Yes           |                  2 | On Loan: No      |
| CPS 2026-A                                                                      | CPS 2026-A E 144A 6.66% 08-15-33                                                                | CUSIP: 22410MAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5182000 | PA      | $5055678.39   | 0.02%             | 2033-08-15      | Fixed         | 6.66%                 | Yes           |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC                                                     | ION PLATFORM FINANCE US INC 144A LIFE SR SEC 1ST LIEN 8.75% 05-01-29                            | CUSIP: 46206AAD4<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |  55149000 | PA      | $51345097.73  | 0.24%             | 2029-05-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC                                                     | ION PLATFORM FINANCE US INC 144A LIFE SR SEC 1ST LIEN 9.0% 08-01-29                             | CUSIP: 46206AAF9<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |  44149000 | PA      | $40977689.03  | 0.19%             | 2029-08-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| MOROCCO (KINGDOM OF)                                                            | MOROCCO GOVERNMENT INTERNATIONAL BOND EUR REG S 4.75% 04-02-35                                  | CUSIP: N/A<br>LEI: 529900F3MBW9XY5K1X07       | Long             | DBT              | NUSS              | MA        |   6000000 | PA      | $6854306.12   | 0.03%             | 2035-04-02      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PANAMA REPUBLIC OF (GOVERNMENT)                                                 | PANAMA GOVERNMENT INTERNATIONAL BOND 3.16% 01-23-30                                             | CUSIP: 698299BK9<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    400000 | PA      | $374360.00    | 0.00%             | 2030-01-23      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC                                                      | VERIZON COMMUNICATIONS INC SR UNSEC 2.355% 03-15-32                                             | CUSIP: 92343VGN8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    965000 | PA      | $842652.48    | 0.00%             | 2032-03-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU PASS LLC                                               | VENTURE GLOBAL CALCASIEU PASS LLC 144A LIFE SR SEC 1ST LIEN 6.25% 01-15-30                      | CUSIP: 92328MAE3<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   5639000 | PA      | $5770738.32   | 0.03%             | 2030-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| CPTRS 2026-1A                                                                   | CPTRS 2026-1A A2 144A 4.44% 09-20-33                                                            | CUSIP: 14077FAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5495000 | PA      | $5491703.00   | 0.03%             | 2033-09-20      | Fixed         | 4.44%                 | Yes           |                  2 | On Loan: No      |
| HOWARD HUGHES CORP/THE                                                          | HOWARD HUGHES CORP 144A LIFE SR UNSEC 6.125% 03-01-34                                           | CUSIP: 44267DAH0<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |  27490000 | PA      | $26423525.45  | 0.12%             | 2034-03-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC                                                            | HOWMET AEROSPACE INC SR UNSEC 4.75% 04-15-36                                                    | CUSIP: 443201AH1<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |   1201000 | PA      | $1168122.63   | 0.01%             | 2036-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL AND GAS INC                                                        | NORTHERN OIL & GAS INC 144A LIFE SR UNSEC 8.75% 06-15-31                                        | CUSIP: 665530AB7<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |  16195000 | PA      | $16849601.90  | 0.08%             | 2031-06-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORPORATION                                                    | NORFOLK SOUTHERN CORP SR UNSEC 5.05% 08-01-30                                                   | CUSIP: 655844CR7<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |   2698000 | PA      | $2757061.92   | 0.01%             | 2030-08-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| DC COMMERCIAL MORTGAGE TRUST DC_23-DC                                           | DC 2023-DC C 144A FRN 09-12-40                                                                  | CUSIP: 24023AAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3950000 | PA      | $3996625.80   | 0.02%             | 2040-09-12      | Variable      | 7.38%                 | Yes           |                  2 | On Loan: No      |
| MORTGAGE TRUST DATA_23-CNTR                                                     | DATA 2023-CNTR C 144A FRN 08-12-43                                                              | CUSIP: 238021AG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1935000 | PA      | $1826719.34   | 0.01%             | 2043-08-12      | Variable      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                                                          | HARVEST MIDSTREAM I LP 144A LIFE SR UNSEC 7.5% 05-15-32                                         | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |   4795000 | PA      | $4897157.48   | 0.02%             | 2032-05-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                               | HERC HOLDINGS INC 144A LIFE SR UNSEC 6.625% 06-15-29                                            | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |  33895000 | PA      | $34471452.27  | 0.16%             | 2029-06-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                                             | HILCORP ENERGY I LP 144A LIFE SR UNSEC 8.375% 11-01-33                                          | CUSIP: 431318BC7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |   8152000 | PA      | $8511315.70   | 0.04%             | 2033-11-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                               | HSBC HOLDINGS PLC SUB 7.399% 11-13-34/33                                                        | CUSIP: 404280EC9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   8965000 | PA      | $9909400.00   | 0.05%             | 2034-11-13      | Variable      | 7.40%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                                          | EQUIPMENTSHARE.COM INC 144A LIFE SR SEC 2ND LIEN 8.0% 03-15-33                                  | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |  13870000 | PA      | $14334575.65  | 0.07%             | 2033-03-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| EUROBANK SA                                                                     | EUROBANK SA EUR REG S SR UNSEC (B) 4.0% 09-24-30/29                                             | CUSIP: N/A<br>LEI: 213800KGF4EFNUQKAT69       | Long             | DBT              | CORP              | GR        |    792000 | PA      | $917630.24    | 0.00%             | 2030-09-24      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| LYB INTERNATIONAL FINANCE III LLC                                               | LYB INTERNATIONAL FINANCE III LLC SR UNSEC 3.625% 04-01-51                                      | CUSIP: 50249AAJ2<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |   2225000 | PA      | $1435788.05   | 0.01%             | 2051-04-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| LYB INTERNATIONAL FINANCE III LLC                                               | LYB INTERNATIONAL FINANCE III LLC SR UNSEC 3.375% 10-01-40                                      | CUSIP: 50249AAH6<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |   2659000 | PA      | $1926291.28   | 0.01%             | 2040-10-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                                | BAT CAPITAL CORP SR UNSEC 2.726% 03-25-31                                                       | CUSIP: 05526DBS3<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   2660000 | PA      | $2433213.72   | 0.01%             | 2031-03-25      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                            | BANK OF AMERICA CORP SR UNSEC 1.922% 10-24-31/30                                                | CUSIP: 06051GJL4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2819000 | PA      | $2499125.25   | 0.01%             | 2031-10-24      | Variable      | 1.92%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                            | ONEMAIN FINANCE CORP SR UNSEC 6.5% 03-15-33                                                     | CUSIP: 682691AM2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |  22170000 | PA      | $21213164.97  | 0.10%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                     | ORACLE CORP SR UNSEC 6.1% 09-26-65                                                              | CUSIP: 68389XDT9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   3110000 | PA      | $2580631.35   | 0.01%             | 2065-09-26      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| DURST 2025-151                                                                  | DURST 2025-151 A 144A FRN 08-10-42                                                              | CUSIP: 266895AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10935000 | PA      | $11047466.48  | 0.05%             | 2042-08-10      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| ELM TRUST ELM_24-ELM                                                            | ELM 2024-ELM D10 144A FRN 06-10-39                                                              | CUSIP: 26860XBE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2040000 | PA      | $2042356.20   | 0.01%             | 2039-06-10      | Variable      | 6.85%                 | Yes           |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC                                                     | ION PLATFORM FINANCE US INC 144A LIFE SR SEC 1ST LIEN 7.875% 09-30-32                           | CUSIP: 46205QAB4<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |  23395000 | PA      | $18137582.02  | 0.09%             | 2032-09-30      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                               | IRON MOUNTAIN INC 144A LIFE SR UNSEC 5.25% 03-15-28                                             | CUSIP: 46284VAE1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   2115000 | PA      | $2106772.65   | 0.01%             | 2028-03-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                                         | KODIAK GAS SERVICES LLC 144A LIFE SR UNSEC 6.5% 10-01-33                                        | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |   4980000 | PA      | $5037230.16   | 0.02%             | 2033-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                                         | KODIAK GAS SERVICES LLC 144A LIFE SR UNSEC 6.75% 10-01-35                                       | CUSIP: 50012LAE4<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |   4980000 | PA      | $5062951.86   | 0.02%             | 2035-10-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| PANAMA REPUBLIC OF (GOVERNMENT)                                                 | PANAMA GOVERNMENT INTERNATIONAL BOND SF 4.5% 04-01-56                                           | CUSIP: 698299BM5<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |   4688000 | PA      | $3473948.64   | 0.02%             | 2056-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PERU (REPUBLIC OF)                                                              | PERUVIAN GOVERNMENT INTERNATIONAL BOND 2.783% 01-23-31                                          | CUSIP: 715638DF6<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |   1200000 | PA      | $1096320.00   | 0.01%             | 2031-01-23      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                     | ORACLE CORP SR UNSEC 5.875% 09-26-45                                                            | CUSIP: 68389XDP7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   3840000 | PA      | $3315386.88   | 0.02%             | 2045-09-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                     | ORACLE CORP SR UNSEC 5.2% 09-26-35                                                              | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  76221000 | PA      | $71533332.28  | 0.34%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                          | UNITED STATES TREASURY NOTE 4.5% 11-15-54                                                       | CUSIP: 912810UE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3630000 | PA      | $3390646.88   | 0.02%             | 2054-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                          | UNITED STATES TREASURY NOTE 4.25% 01-31-30                                                      | CUSIP: 91282CMG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $5063281.00   | 0.02%             | 2030-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                                      | ABBVIE INC SR UNSEC 5.4% 03-15-54                                                               | CUSIP: 00287YDW6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1773000 | PA      | $1694149.37   | 0.01%             | 2054-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                                      | ABBVIE INC SR UNSEC 5.05% 03-15-34                                                              | CUSIP: 00287YDU0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |  74959000 | PA      | $76104073.68  | 0.36%             | 2034-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS CO                                                               | CONOCOPHILLIPS CO SR UNSEC 3.8% 03-15-52                                                        | CUSIP: 20826FAV8<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |   1311000 | PA      | $958597.96    | 0.00%             | 2052-03-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                                            | CHARTER COMMUNICATIONS OPERATING LLC SR SEC 1ST LIEN 4.4% 04-01-33                              | CUSIP: 161175CJ1<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $10289884.00  | 0.05%             | 2033-04-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                                      | INTEL CORP SR UNSEC 3.1% 02-15-60                                                               | CUSIP: 458140BK5<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   5650000 | PA      | $3124105.35   | 0.01%             | 2060-02-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES LP                                                            | ICAHN ENTERPRISES LP SR SEC 1ST LIEN 5.25% 05-15-27                                             | CUSIP: 451102BZ9<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |  39780000 | PA      | $39012723.36  | 0.18%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                            | CLEVELAND-CLIFFS INC 144A LIFE SR UNSEC 7.5% 09-15-31                                           | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |  20685000 | PA      | $20651552.36  | 0.10%             | 2031-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                   | CARNIVAL CORP 144A LIFE SR UNSEC 5.75% 03-15-30                                                 | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25211925.00  | 0.12%             | 2030-03-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| KASIKORNBANK PCL (HONG KONG BRANCH)                                             | KASIKORNBANK PCL REG S SUB 3.343% 10-02-31/26                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | HK        |  28165000 | PA      | $27899122.40  | 0.13%             | 2031-10-02      | Variable      | 3.34%                 | Yes           |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                                              | KENNEDY-WILSON INC SR UNSEC 4.75% 03-01-29                                                      | CUSIP: 489399AL9<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |  13842000 | PA      | $13651741.71  | 0.06%             | 2029-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                     | ORACLE CORP SR UNSEC 5.95% 09-26-55                                                             | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  33570000 | PA      | $28262314.44  | 0.13%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                     | ORACLE CORP SR UNSEC 4.45% 09-26-30                                                             | CUSIP: 68389XDH5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2602627.20   | 0.01%             | 2030-09-26      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                                            | CHARTER COMMUNICATIONS OPERATING LLC SR SEC 1ST LIEN 5.25% 04-01-53                             | CUSIP: 161175CK8<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |  30314000 | PA      | $23796035.29  | 0.11%             | 2053-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                                                        | CONSTELLATION BRANDS INC SR UNSEC 4.75% 05-09-32                                                | CUSIP: 21036PBL1<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |   2744000 | PA      | $2724440.77   | 0.01%             | 2032-05-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                   | CITIGROUP INC SR UNSEC 2.52% 11-03-32/31                                                        | CUSIP: 172967NE7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4059000 | PA      | $3581312.53   | 0.02%             | 2032-11-03      | Variable      | 2.52%                 | No            |                  2 | On Loan: No      |
| COMPASS GROUP DIVERSIFIED HOLDINGS LLC                                          | COMPASS GROUP DIVERSIFIED HOLDINGS LLC 144A LIFE SR UNSEC 5.0% 01-15-32                         | CUSIP: 20451RAC6<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |  10210054 | PA      | $8883839.46   | 0.04%             | 2032-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| LIGADO NETWORKS LLC                                                             | LIGADO NETWORKS LLC 144A LIFE SR SEC 1ST LIEN PIK 17.5% 05-05-28                                | CUSIP: 53225HAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2576657 | PA      | $837413.53    | 0.00%             | 2028-05-05      | Variable      | 17.50%                | Yes           |                  2 | On Loan: No      |
| LIMA METRO LINE 2 FINANCE LTD                                                   | LIMA METRO LINE 2 FINANCE LTD 144A LIFE SR SEC 1ST LIEN SF 5.875% 07-05-34                      | CUSIP: 532522AA7<br>LEI: 5493009BVQNQT1UKQ352 | Long             | DBT              | CORP              | KY        |   3392444 | PA      | $3468366.49   | 0.02%             | 2034-07-05      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORPORATION                                                    | NORFOLK SOUTHERN CORP SR UNSEC 5.35% 08-01-54                                                   | CUSIP: 655844CS5<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |  18770000 | PA      | $17513217.11  | 0.08%             | 2054-08-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| NCR ATLEOS CORP                                                                 | NCR ATLEOS CORP 144A LIFE SR SEC 1ST LIEN 9.5% 04-01-29                                         | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |  11754000 | PA      | $12588557.51  | 0.06%             | 2029-04-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| WFCM 2024-5C2                                                                   | WFCM 2024-5C2 B FRN 11-15-57                                                                    | CUSIP: 95003UAH3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1448000 | PA      | $1485365.64   | 0.01%             | 2057-11-15      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| WFCM 2025-5C4                                                                   | WFCM 2025-5C4 B FRN 05-15-58                                                                    | CUSIP: 949931AG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1722000 | PA      | $1779409.76   | 0.01%             | 2058-05-15      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                                   | BOEING CO SR UNSEC 3.25% 02-01-28                                                               | CUSIP: 097023DB8<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1078000 | PA      | $1057049.07   | 0.00%             | 2028-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                                   | BOEING CO SR UNSEC 3.625% 02-01-31                                                              | CUSIP: 097023DC6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |      4000 | PA      | $3805.84      | 0.00%             | 2031-02-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BRIGHTSTAR LOTTERY PLC                                                          | BRIGHTSTAR LOTTERY PLC 144A LIFE SR SEC 1ST LIEN 5.25% 01-15-29                                 | CUSIP: 460599AE3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   2030000 | PA      | $2014833.87   | 0.01%             | 2029-01-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                               | IRON MOUNTAIN INC 144A LIFE SR UNSEC 5.0% 07-15-28                                              | CUSIP: 46284VAG6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   2154000 | PA      | $2132257.52   | 0.01%             | 2028-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                                            | MATADOR RESOURCES CO 144A LIFE SR UNSEC 6.25% 04-15-33                                          | CUSIP: 576485AH9<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |  13040000 | PA      | $13060538.00  | 0.06%             | 2033-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | MORGAN STANLEY SR UNSEC 4.654% 10-18-30/29                                                      | CUSIP: 61747YFU4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3024000 | PA      | $3023295.41   | 0.01%             | 2030-10-18      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| PHILIPPINES (REPUBLIC OF)                                                       | PHILIPPINE GOVERNMENT INTERNATIONAL BOND 2.95% 05-05-45                                         | CUSIP: 718286CH8<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |   6287000 | PA      | $4210221.58   | 0.02%             | 2045-05-05      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| PANAMA REPUBLIC OF (GOVERNMENT)                                                 | PANAMA GOVERNMENT INTERNATIONAL BOND 2.252% 09-29-32                                            | CUSIP: 698299BN3<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |  15775000 | PA      | $12993867.50  | 0.06%             | 2032-09-29      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| LEVI STRAUSS & CO                                                               | LEVI STRAUSS & CO 144A LIFE SR UNSEC 3.5% 03-01-31                                              | CUSIP: 52736RBJ0<br>LEI: MB0UERO0RDFKU8258G77 | Long             | DBT              | CORP              | US        |  11920000 | PA      | $10922534.40  | 0.05%             | 2031-03-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                                           | MOLINA HEALTHCARE INC 144A LIFE SR UNSEC 3.875% 05-15-32                                        | CUSIP: 60855RAL4<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |  22230000 | PA      | $19325672.73  | 0.09%             | 2032-05-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| BAUSCH HEALTH COMPANIES INC                                                     | BAUSCH HEALTH COS INC 144A LIFE SR UNSEC 5.25% 02-15-31                                         | CUSIP: 071734AL1<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   8564000 | PA      | $5224040.00   | 0.02%             | 2031-02-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                            | BANK OF AMERICA CORP SR UNSEC 2.651% 03-11-32/31                                                | CUSIP: 06051GJP5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   9775000 | PA      | $8868300.33   | 0.04%             | 2032-03-11      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC                                                            | HOWMET AEROSPACE INC SR UNSEC 3.9% 04-15-29                                                     | CUSIP: 443201AG3<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |   5335000 | PA      | $5260726.13   | 0.02%             | 2029-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| HONEYWELL AEROSPACE INC                                                         | HONEYWELL AEROSPACE INC 144A SR UNSEC 4.95% 03-16-36                                            | CUSIP: 43849RAG0<br>LEI: 213800ZUAQRBYL67JS90 | Long             | DBT              | CORP              | US        |  15439000 | PA      | $15324581.57  | 0.07%             | 2036-03-16      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                                                          | ATHENAHEALTH GROUP INC 144A LIFE SR UNSEC 6.5% 02-15-30                                         | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |   5511000 | PA      | $5178653.63   | 0.02%             | 2030-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MACYS RETAIL HOLDINGS LLC                                                       | MACY'S RETAIL HOLDINGS LLC 144A LIFE SR UNSEC 6.125% 03-15-32                                   | CUSIP: 55617LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1150472.70   | 0.01%             | 2032-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                        | CELANESE US HOLDINGS LLC SR UNSEC 7.379% 07-15-32                                               | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |  31927000 | PA      | $33353626.07  | 0.16%             | 2032-07-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| CSX CORP                                                                        | CSX CORP SR UNSEC 4.1% 11-15-32                                                                 | CUSIP: 126408HU0<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |   4334000 | PA      | $4197626.36   | 0.02%             | 2032-11-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| ELM TRUST ELM_24-ELM                                                            | ELM 2024-ELM D15 144A FRN 06-10-39                                                              | CUSIP: 26860XAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2951228 | PA      | $2954297.28   | 0.01%             | 2039-06-10      | Variable      | 6.90%                 | Yes           |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST 2025-ESH                                            | ESA 2025-ESH A 144A FRN 10-15-42                                                                | CUSIP: 30227TAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6635000 | PA      | $6643711.76   | 0.03%             | 2042-10-15      | Variable      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                                              | KENNEDY-WILSON INC SR UNSEC 5.0% 03-01-31                                                       | CUSIP: 489399AM7<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |  27115000 | PA      | $27158492.46  | 0.13%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                                              | KENNEDY-WILSON INC SR UNSEC 4.75% 02-01-30                                                      | CUSIP: 489399AN5<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |  38674000 | PA      | $38714414.33  | 0.18%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTERPRISES PTE LTD                                           | PFIZER INVESTMENT ENTERPRISES PTE LTD SR UNSEC 4.75% 05-19-33                                   | CUSIP: 716973AE2<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |   2425000 | PA      | $2416483.40   | 0.01%             | 2033-05-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTERPRISES PTE LTD                                           | PFIZER INVESTMENT ENTERPRISES PTE LTD SR UNSEC 5.11% 05-19-43                                   | CUSIP: 716973AF9<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |   8745000 | PA      | $8257990.95   | 0.04%             | 2043-05-19      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                               | IRON MOUNTAIN INC 144A LIFE SR UNSEC 5.25% 07-15-30                                             | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |  16730000 | PA      | $16263768.36  | 0.08%             | 2030-07-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                               | IRON MOUNTAIN INC 144A LIFE SR UNSEC 4.5% 02-15-31                                              | CUSIP: 46284VAN1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   2310000 | PA      | $2170344.33   | 0.01%             | 2031-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR CO LTD                                                             | NISSAN MOTOR CO LTD 144A LIFE SR UNSEC 8.125% 07-17-35                                          | CUSIP: 654922AD5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |  54510000 | PA      | $56131181.91  | 0.26%             | 2035-07-17      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| NORTHERN OIL AND GAS INC                                                        | NORTHERN OIL & GAS INC 144A LIFE SR UNSEC 7.875% 10-15-33                                       | CUSIP: 665531AL3<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |   6345000 | PA      | $6569029.26   | 0.03%             | 2033-10-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| REGAL REXNORD CORP                                                              | REGAL REXNORD CORP SR UNSEC 6.4% 04-15-33                                                       | CUSIP: 758750AP8<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |  19360000 | PA      | $20472328.80  | 0.10%             | 2033-04-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                                                          | ROPER TECHNOLOGIES INC SR UNSEC 4.9% 10-15-34                                                   | CUSIP: 776696AJ5<br>LEI: 549300LJXD867XMVE759 | Long             | DBT              | CORP              | US        |  11732000 | PA      | $11333417.03  | 0.05%             | 2034-10-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                                        | EGYPT GOVERNMENT INTERNATIONAL BOND REG S 8.7002% 03-01-49                                      | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |   2810000 | PA      | $2468200.03   | 0.01%             | 2049-03-01      | Fixed         | 8.70%                 | Yes           |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                                        | EGYPT GOVERNMENT INTERNATIONAL BOND REG S 7.6003% 03-01-29                                      | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |   1075000 | PA      | $1103113.40   | 0.01%             | 2029-03-01      | Fixed         | 7.60%                 | Yes           |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING LTD                                                       | ALIBABA GROUP HOLDING LTD SR UNSEC 5.62% 11-26-54                                               | CUSIP: 01609WBQ4<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | HK        |   4560000 | PA      | $4542416.64   | 0.02%             | 2054-11-26      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA (FRANCE)                                                       | ALTICE FRANCE SA 144A LIFE SR SEC 1ST LIEN 6.5% 04-15-32                                        | CUSIP: 02090DAD0<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |  33408462 | PA      | $31684384.91  | 0.15%             | 2032-04-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| INRETAIL CONSUMER                                                               | INRETAIL CONSUMER 144A LIFE SR SEC 1ST LIEN 3.25% 03-22-28                                      | CUSIP: 45790TAB1<br>LEI: 254900BI1YXHZ31NSP51 | Long             | DBT              | CORP              | PE        |   1100000 | PA      | $1058367.20   | 0.00%             | 2028-03-22      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| INDOFOOD CBP SUKSES MAKMUR TBK PT                                               | INDOFOOD CBP SUKSES MAKMUR TBK PT REG S SR UNSEC 4.745% 06-09-51                                | CUSIP: N/A<br>LEI: 254900YKZW9GRKZZN285       | Long             | DBT              | CORP              | ID        |   5934000 | PA      | $4707026.82   | 0.02%             | 2051-06-09      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| INGLES MARKETS INC                                                              | INGLES MARKETS INC 144A LIFE SR UNSEC 4.0% 06-15-31                                             | CUSIP: 457030AK0<br>LEI: 549300XH5RYBMYP8TF26 | Long             | DBT              | CORP              | US        |  10980000 | PA      | $10246294.44  | 0.05%             | 2031-06-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| INTEL CORP                                                                      | INTEL CORP SR UNSEC 3.05% 08-12-51                                                              | CUSIP: 458140BW9<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |  25083000 | PA      | $15238424.16  | 0.07%             | 2051-08-12      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| NICKEL INDUSTRIES LTD                                                           | NICKEL INDUSTRIES LTD REG S SR UNSEC 9.0% 09-30-30                                              | CUSIP: N/A<br>LEI: 54930007K0WX53TSIK16       | Long             | DBT              | CORP              | AU        |   3500000 | PA      | $3508113.00   | 0.02%             | 2030-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                                           | NABORS INDUSTRIES INC 144A LIFE SR UNSEC 7.625% 11-15-32                                        | CUSIP: 62957HAR6<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |   5295000 | PA      | $5423604.96   | 0.03%             | 2032-11-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| PERU (REPUBLIC OF)                                                              | PERUVIAN GOVERNMENT INTERNATIONAL BOND 2.78% 12-01-60                                           | CUSIP: 715638DQ2<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |  14904000 | PA      | $7896884.40   | 0.04%             | 2060-12-01      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| PHILIPPINES (REPUBLIC OF)                                                       | PHILIPPINE GOVERNMENT INTERNATIONAL BOND 1.648% 06-10-31                                        | CUSIP: 718286CK1<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |   1200000 | PA      | $1029814.80   | 0.00%             | 2031-06-10      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA (FRANCE)                                                       | ALTICE FRANCE SA 144A LIFE SR SEC 1ST LIEN 6.875% 07-15-32                                      | CUSIP: 02090DAE8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |  31983374 | PA      | $30334087.35  | 0.14%             | 2032-07-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES INC                                                        | ALBERTSONS COS INC 144A LIFE SR UNSEC 5.5% 03-31-31                                             | CUSIP: 01309QAC2<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |  17500000 | PA      | $17323635.00  | 0.08%             | 2031-03-31      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING LLC                                                 | PERMIAN RESOURCES OPERATING LLC 144A LIFE SR UNSEC 7.0% 01-15-32                                | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |   7905000 | PA      | $8191042.43   | 0.04%             | 2032-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                             | PETROLEOS MEXICANOS SR UNSEC 6.375% 01-23-45                                                    | CUSIP: 71654QBR2<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1432000 | PA      | $1128921.50   | 0.01%             | 2045-01-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                          | UNITED STATES TREASURY NOTE 4.75% 08-15-55                                                      | CUSIP: 912810UM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7200000 | PA      | $7013812.32   | 0.03%             | 2055-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                          | UNITED STATES TREASURY NOTE 4.625% 11-15-55                                                     | CUSIP: 912810UP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  31686200 | PA      | $30260321.00  | 0.14%             | 2055-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INFORMATION MANAGEMENT SERVICES INC                               | IRON MOUNTAIN INFORMATION MANAGEMENT SERVICES INC 144A LIFE SR UNSEC 5.0% 07-15-32              | CUSIP: 46285MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17080000 | PA      | $16136176.28  | 0.08%             | 2032-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                                                             | INTESA SANPAOLO SPA 144A SR NON PREF 8.248% 11-21-33/32                                         | CUSIP: 46115HBV8<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |  10000000 | PA      | $11528090.00  | 0.05%             | 2033-11-21      | Variable      | 8.25%                 | Yes           |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                | CCO HOLDINGS LLC 144A SR UNSEC 6.375% 09-01-29                                                  | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7120000 | PA      | $7146408.08   | 0.03%             | 2029-09-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                                              | CNX RESOURCES CORP 144A LIFE SR UNSEC 7.375% 01-15-31                                           | CUSIP: 12653CAK4<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |   7110000 | PA      | $7310039.85   | 0.03%             | 2031-01-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| IQVIA INC                                                                       | IQVIA INC 144A LIFE SR UNSEC 6.5% 05-15-30                                                      | CUSIP: 46266TAD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   4305000 | PA      | $4397962.17   | 0.02%             | 2030-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                                                             | INTESA SANPAOLO SPA 144A LIFE SR NON PREF 7.778% 06-20-54/53                                    | CUSIP: 46115HCB1<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |  15000000 | PA      | $17118615.00  | 0.08%             | 2054-06-20      | Variable      | 7.78%                 | Yes           |                  2 | On Loan: No      |
| WSTN TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WSTN_23-MAUI           | WSTN 2023-MAUI C 144A FRN 07-05-37                                                              | CUSIP: 92943AAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4452000 | PA      | $4491061.85   | 0.02%             | 2037-07-05      | Variable      | 7.96%                 | Yes           |                  2 | On Loan: No      |
| WSTN TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WSTN_23-MAUI           | WSTN 2023-MAUI B 144A FRN 07-05-37                                                              | CUSIP: 92943AAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10053000 | PA      | $10147558.52  | 0.05%             | 2037-07-05      | Variable      | 7.26%                 | Yes           |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                     | MEXICO GOVERNMENT INTERNATIONAL BOND 3.75% 01-11-28                                             | CUSIP: 91087BAE0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |  10577000 | PA      | $10439446.12  | 0.05%             | 2028-01-11      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                     | MEXICO GOVERNMENT INTERNATIONAL BOND 6.05% 01-11-40                                             | CUSIP: 91086QAV0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |  13164000 | PA      | $12803964.60  | 0.06%             | 2040-01-11      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                                    | ECOPETROL SA SR UNSEC 7.75% 02-01-32                                                            | CUSIP: 279158AW9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   7985000 | PA      | $8070391.59   | 0.04%             | 2032-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                                   | ECHOSTAR CORP SR SEC 1ST LIEN 10.75% 11-30-29                                                   | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |  48072626 | PA      | $51960066.97  | 0.24%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| PHILIPPINES (REPUBLIC OF)                                                       | PHILIPPINE GOVERNMENT INTERNATIONAL BOND 2.65% 12-10-45                                         | CUSIP: 718286CL9<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |   4700000 | PA      | $2963796.50   | 0.01%             | 2045-12-10      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| ANGOLA (REPUBLIC OF)                                                            | ANGOLAN GOVERNMENT INTERNATIONAL BOND 144A LIFE 9.875% 03-31-37                                 | CUSIP: 035198AL4<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |   2825000 | PA      | $2798851.80   | 0.01%             | 2037-03-31      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| ANGOLA (REPUBLIC OF)                                                            | ANGOLAN GOVERNMENT INTERNATIONAL BOND 144A LIFE 9.375% 03-31-33                                 | CUSIP: 035198AK6<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |   1000000 | PA      | $990530.00    | 0.00%             | 2033-03-31      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                             | JPMORGAN CHASE & CO SR UNSEC 5.581% 04-22-30/29                                                 | CUSIP: 46647PEG7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   4719000 | PA      | $4864392.39   | 0.02%             | 2030-04-22      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| JANE STREET GROUP LLC                                                           | JANE STREET GROUP 144A LIFE SR SEC 1ST LIEN 7.125% 04-30-31                                     | CUSIP: 47077WAC2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |   4066000 | PA      | $4182149.36   | 0.02%             | 2031-04-30      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| HUNGARY (REPUBLIC OF)                                                           | HUNGARY GOVERNMENT INTERNATIONAL BOND EUR REG S 4.875% 03-25-38                                 | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |   3209000 | PA      | $3657358.16   | 0.02%             | 2038-03-25      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                     | MEXICO GOVERNMENT INTERNATIONAL BOND 6.125% 02-09-38                                            | CUSIP: 91087BBR0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   4269000 | PA      | $4165476.75   | 0.02%             | 2038-02-09      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MONGOLIA (GOVERNMENT OF)                                                        | MONGOLIA GOVERNMENT INTERNATIONAL BOND 144A LIFE 5.95% 03-09-32                                 | CUSIP: 60937LAL9<br>LEI: 254900PW61ADCBDCLP71 | Long             | DBT              | NUSS              | MN        |   2595000 | PA      | $2556762.68   | 0.01%             | 2032-03-09      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| PHILIPPINES (REPUBLIC OF)                                                       | PHILIPPINE GOVERNMENT INTERNATIONAL BOND 5.0% 01-27-36                                          | CUSIP: 718286DK0<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |   1217000 | PA      | $1185196.14   | 0.01%             | 2036-01-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                          | UNITED STATES TREASURY NOTE 4.125% 02-15-36                                                     | CUSIP: 91282CPZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  78826000 | PA      | $77600500.06  | 0.36%             | 2036-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                          | UNITED STATES TREASURY NOTE 4.75% 02-15-56                                                      | CUSIP: 912810UR7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5500000 | PA      | $5362929.55   | 0.03%             | 2056-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TRUST 2401                                                                      | TRUST 2401 144A LIFE SR UNSEC 7.7% 01-23-32                                                     | CUSIP: 89834MAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |   1186000 | PA      | $1269838.34   | 0.01%             | 2032-01-23      | Fixed         | 7.70%                 | Yes           |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                               | NEWELL BRANDS INC SR UNSEC 7.375% 04-01-36                                                      | CUSIP: 651229AX4<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |  28115000 | PA      | $25911543.11  | 0.12%             | 2036-04-01      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                                        | CLOUD SOFTWARE GROUP INC 144A LIFE SR SEC 1ST LIEN 6.5% 03-31-29                                | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   9332000 | PA      | $9113211.26   | 0.04%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                           | TENET HEALTHCARE CORP SR SEC 1ST LIEN 4.25% 06-01-29                                            | CUSIP: 88033GDM9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |  13930000 | PA      | $13515944.68  | 0.06%             | 2029-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                          | UNITED STATES TREASURY NOTE 4.625% 02-15-46                                                     | CUSIP: 912810UT3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  54754000 | PA      | $52782001.84  | 0.25%             | 2046-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                          | UNITED STATES TREASURY NOTE 3.5% 02-28-31                                                       | CUSIP: 91282CQD6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  77747300 | PA      | $76247018.13  | 0.36%             | 2031-02-28      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| COLOMBIA (REPUBLIC OF)                                                          | COLOMBIA GOVERNMENT INTERNATIONAL BOND 8.0% 04-20-33                                            | CUSIP: 195325EF8<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  22925000 | PA      | $24177163.50  | 0.11%             | 2033-04-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                              | ENERGY TRANSFER LP 144A LIFE SR UNSEC 7.375% 02-01-31                                           | CUSIP: 226373AT5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    291000 | PA      | $301895.91    | 0.00%             | 2031-02-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                                               | JOHNSON & JOHNSON SR UNSEC 5.25% 06-01-54                                                       | CUSIP: 478160CX0<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |   2185000 | PA      | $2162841.92   | 0.01%             | 2054-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                                               | JOHNSON & JOHNSON SR UNSEC 4.9% 06-01-31                                                        | CUSIP: 478160CV4<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |  16330000 | PA      | $16877985.81  | 0.08%             | 2031-06-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BURLINGTON NORTHERN SANTA FE LLC                                                | BURLINGTON NORTHERN SANTA FE LLC SR UNSEC 3.3% 09-15-51                                         | CUSIP: 12189LBG5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $288747.98    | 0.00%             | 2051-09-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| BOYNE USA INC                                                                   | BOYNE USA INC 144A LIFE SR UNSEC 4.75% 05-15-29                                                 | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  16015000 | PA      | $15542573.52  | 0.07%             | 2029-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| HIGHWOODS REALTY LP                                                             | HIGHWOODS REALTY LP SR UNSEC 7.65% 02-01-34                                                     | CUSIP: 431282AU6<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              | CORP              | US        |  15730000 | PA      | $17464783.05  | 0.08%             | 2034-02-01      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                                           | HUB INTERNATIONAL LTD 144A LIFE SR UNSEC 7.375% 01-31-32                                        | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |  11650000 | PA      | $11889850.20  | 0.06%             | 2032-01-31      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES INC                                                        | ALBERTSONS COS INC 144A LIFE SR UNSEC 5.75% 03-31-34                                            | CUSIP: 01309QAD0<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |  30980000 | PA      | $30347884.08  | 0.14%             | 2034-03-31      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| AMPHENOL CORP                                                                   | AMPHENOL CORP SR UNSEC 4.4% 02-15-33                                                            | CUSIP: 032095AZ4<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |  11117000 | PA      | $10853471.52  | 0.05%             | 2033-02-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                                            | KEURIG DR PEPPER INC SR UNSEC 5.15% 05-15-35                                                    | CUSIP: 49271VBB5<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   8657000 | PA      | $8441042.48   | 0.04%             | 2035-05-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| KKR & CO INC                                                                    | KKR & CO INC SR UNSEC 5.1% 08-07-35                                                             | CUSIP: 48251WAB0<br>LEI: 54930013V5I303TF9571 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2903499.00   | 0.01%             | 2035-08-07      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                          | UNITED STATES TREASURY NOTE 3.375% 02-29-28                                                     | CUSIP: 91282CQB0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4718700 | PA      | $4682111.67   | 0.02%             | 2028-02-29      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                          | UNITED STATES TREASURY NOTE 3.5% 03-15-29                                                       | CUSIP: 91282CQE4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  52363900 | PA      | $51911852.92  | 0.24%             | 2029-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KILROY REALTY LP                                                                | KILROY REALTY LP SR UNSEC 5.875% 10-15-35                                                       | CUSIP: 49427RAT9<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              | CORP              | US        |   2943000 | PA      | $2839070.90   | 0.01%             | 2035-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL CORP                                                                 | MURPHY OIL CORP SR UNSEC 6.0% 10-01-32                                                          | CUSIP: 626717AP7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |   6585000 | PA      | $6545101.49   | 0.03%             | 2032-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                                                                   | AMPHENOL CORP SR UNSEC 4.125% 11-15-30                                                          | CUSIP: 032095AY7<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $1897256.90   | 0.01%             | 2030-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                                                                   | AMPHENOL CORP SR UNSEC 5.3% 11-15-55                                                            | CUSIP: 032095BB6<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   2290000 | PA      | $2152233.60   | 0.01%             | 2055-11-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                          | UNITED STATES TREASURY NOTE 3.875% 03-31-31                                                     | CUSIP: 91282CQG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  61778500 | PA      | $61587857.73  | 0.29%             | 2031-03-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QX9674 03-01-55                                                                   | CUSIP: 31426GXC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    992527 | PA      | $1012612.68   | 0.00%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                                      | INTEL CORP SR UNSEC 5.6% 02-21-54                                                               | CUSIP: 458140CM0<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |  22763000 | PA      | $20898824.12  | 0.10%             | 2054-02-21      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| EMPRESAS PUBLICAS DE MEDELLIN ESP                                               | EMPRESAS PUBLICAS DE MEDELLIN ESP 144A LIFE SR UNSEC 4.25% 07-18-29                             | CUSIP: 29246BAE8<br>LEI: 549300SU25TO8EMXB434 | Long             | DBT              | CORP              | CO        |    300000 | PA      | $279199.50    | 0.00%             | 2029-07-18      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                     | MEXICO GOVERNMENT INTERNATIONAL BOND 6.62% 01-29-38                                             | CUSIP: 91087BBF6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |  13800000 | PA      | $14096700.00  | 0.07%             | 2038-01-29      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KAZAKHSTAN                                                          | KAZAKHSTAN GOVERNMENT INTERNATIONAL BOND 144A LIFE 5.5% 07-01-37                                | CUSIP: 486661BP5<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |   3700000 | PA      | $3726392.10   | 0.02%             | 2037-07-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| MARSH & MCLENNAN COMPANIES INC                                                  | MARSH & MCLENNAN COS INC SR UNSEC 4.65% 03-15-30                                                | CUSIP: 571748CA8<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |   1765000 | PA      | $1778714.05   | 0.01%             | 2030-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COMPANIES INC                                                  | MARSH & MCLENNAN COS INC SR UNSEC 5.4% 03-15-55                                                 | CUSIP: 571748CD2<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |  22824000 | PA      | $21420552.24  | 0.10%             | 2055-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                                                            | REWORLD HOLDING CORP 144A LIFE SR UNSEC 4.875% 12-01-29                                         | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |  28421000 | PA      | $26670579.03  | 0.13%             | 2029-12-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| SM ENERGY CO                                                                    | SM ENERGY CO 144A LIFE SR UNSEC 8.375% 07-01-28                                                 | CUSIP: 17888HAA1<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |  14520000 | PA      | $14927692.56  | 0.07%             | 2028-07-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DD6396 03-01-55                                                                   | CUSIP: 3140B7DA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    835117 | PA      | $857844.82    | 0.00%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DC0503 09-01-54                                                                   | CUSIP: 3140AMRZ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    683441 | PA      | $697219.24    | 0.00%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GABON REPUBLIC OF (GOVERNMENT)                                                  | GABON GOVERNMENT INTERNATIONAL BOND REG S SF 7.0% 11-24-31                                      | CUSIP: N/A<br>LEI: 213800XA7X746GRPXA35       | Long             | DBT              | NUSS              | GA        |   6000000 | PA      | $4968144.00   | 0.02%             | 2031-11-24      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| GABON REPUBLIC OF (GOVERNMENT)                                                  | GABON GOVERNMENT INTERNATIONAL BOND 144A LIFE SF 7.0% 11-24-31                                  | CUSIP: 362420AE1<br>LEI: 213800XA7X746GRPXA35 | Long             | DBT              | NUSS              | GA        |   6000000 | PA      | $4968144.00   | 0.02%             | 2031-11-24      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| WFCM 2025-5C5                                                                   | WFCM 2025-5C5 B FRN 07-15-58                                                                    | CUSIP: 95004MAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3084000 | PA      | $3172011.19   | 0.01%             | 2058-07-15      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| WFCM 2025-1918                                                                  | WFCM 2025-1918 A 144A FRN 09-15-40                                                              | CUSIP: 95004QAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5526000 | PA      | $5502995.26   | 0.03%             | 2040-09-15      | Variable      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 SD6143 07-01-54                                                                   | CUSIP: 3132DTZG8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    124918 | PA      | $127523.44    | 0.00%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 5.5 MA5792 08-01-55                                                                   | CUSIP: 31418FNJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   8615587 | PA      | $8663713.82   | 0.04%             | 2055-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 5.5 RQ0027 07-01-55                                                                   | CUSIP: 3142J6A52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  20485493 | PA      | $20599924.87  | 0.10%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MERIT 2026-1A                                                                   | MERIT 2026-1A A 144A 4.852% 02-15-40                                                            | CUSIP: 590023AA5<br>LEI: 984500DC3B09FF840365 | Long             | ABS-O            | CORP              | US        |  11186000 | PA      | $11041309.09  | 0.05%             | 2040-02-15      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST NSLT_26-A                                             | NSLT 2026-A D 144A 5.84% 02-21-61                                                               | CUSIP: 64032UAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11287000 | PA      | $11092694.30  | 0.05%             | 2061-02-21      | Fixed         | 5.84%                 | Yes           |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST NSLT_26-A                                             | NSLT 2026-A B 144A 4.78% 02-21-61                                                               | CUSIP: 64032UAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2343000 | PA      | $2316601.42   | 0.01%             | 2061-02-21      | Fixed         | 4.78%                 | Yes           |                  2 | On Loan: No      |
| HONEYWELL AEROSPACE INC                                                         | HONEYWELL AEROSPACE INC 144A SR UNSEC 5.732% 03-16-56                                           | CUSIP: 43849RAJ4<br>LEI: 213800ZUAQRBYL67JS90 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1829929.35   | 0.01%             | 2056-03-16      | Fixed         | 5.73%                 | Yes           |                  2 | On Loan: No      |
| HTA GROUP LTD                                                                   | HTA GROUP LTD 144A LIFE SR UNSEC 6.75% 04-01-31                                                 | CUSIP: 40435WAD2<br>LEI: 213800WEFU8O8X6EPU13 | Long             | DBT              | CORP              | MU        |   5000000 | PA      | $4947785.00   | 0.02%             | 2031-04-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| DOW CHEMICAL COMPANY (THE)                                                      | DOW CHEMICAL CO SR UNSEC 4.375% 11-15-42                                                        | CUSIP: 260543CG6<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |  16080000 | PA      | $12615129.84  | 0.06%             | 2042-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL COMPANY (THE)                                                      | DOW CHEMICAL CO SR UNSEC 4.625% 10-01-44                                                        | CUSIP: 260543CL5<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |   2140000 | PA      | $1698102.84   | 0.01%             | 2044-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| OHS 2026-1                                                                      | OHS 2026-1A A2 144A 5.98% 02-25-61                                                              | CUSIP: 67115SAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  25200982 | PA      | $24770523.78  | 0.12%             | 2061-02-25      | Fixed         | 5.98%                 | Yes           |                  2 | On Loan: No      |
| OWN EQUIPMENT FUND II LLC 25-1M                                                 | EQS 2025-1M C 144A 9.02% 09-26-33                                                               | CUSIP: 690912AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2684216 | PA      | $2757490.11   | 0.01%             | 2033-09-26      | Fixed         | 9.02%                 | Yes           |                  2 | On Loan: No      |
| HANA BANK                                                                       | KEB HANA BANK REG S SR UNSEC 3.25% 03-30-27                                                     | CUSIP: 48723TAC5<br>LEI: 6RPK2YDJN6L35AS0M510 | Long             | DBT              | CORP              | KR        |   3890000 | PA      | $3854744.93   | 0.02%             | 2027-03-30      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| HANA BANK                                                                       | KEB HANA BANK 144A SR UNSEC 3.25% 03-30-27                                                      | CUSIP: 48723RAC9<br>LEI: 6RPK2YDJN6L35AS0M510 | Long             | DBT              | CORP              | KR        |   4110000 | PA      | $4072751.07   | 0.02%             | 2027-03-30      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| OAKTREE ABF EQUIPMENT ST 2026 1 LLC                                             | OAKEF 2026-1A A2 144A 4.5% 10-17-33                                                             | CUSIP: 67403GAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1385000 | PA      | $1388490.20   | 0.01%             | 2033-10-17      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| PAID 2026-1                                                                     | PAID 2026-1 B 144A 5.37% 09-15-33                                                               | CUSIP: 694969AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4692000 | PA      | $4683061.74   | 0.02%             | 2033-09-15      | Fixed         | 5.37%                 | Yes           |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                                        | EGYPT GOVERNMENT INTERNATIONAL BOND REG S 8.15% 11-20-59                                        | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |  13170000 | PA      | $10765197.51  | 0.05%             | 2059-11-20      | Fixed         | 8.15%                 | Yes           |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                                        | EGYPT GOVERNMENT INTERNATIONAL BOND 144A LIFE 7.625% 05-29-32                                   | CUSIP: 03846JX54<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   2100000 | PA      | $2031004.50   | 0.01%             | 2032-05-29      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| KILROY REALTY LP                                                                | KILROY REALTY LP SR UNSEC 6.25% 01-15-36                                                        | CUSIP: 49427RAS1<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              | CORP              | US        |   2431000 | PA      | $2410623.36   | 0.01%             | 2036-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC                                                | PNC FINANCIAL SERVICES GROUP INC SR UNSEC 5.575% 01-29-36/35                                    | CUSIP: 693475CC7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   6109000 | PA      | $6238871.23   | 0.03%             | 2036-01-29      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                        | CELANESE US HOLDINGS LLC SR UNSEC 6.5% 04-15-30                                                 | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |  18000000 | PA      | $18381024.00  | 0.09%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY CO                                                     | CANADIAN PACIFIC RAILWAY CO SR UNSEC 5.2% 03-30-35                                              | CUSIP: 13645RBK9<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |   4997000 | PA      | $5089674.36   | 0.02%             | 2035-03-30      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                                              | ROCHE HOLDINGS INC 144A LIFE SR UNSEC 4.592% 09-09-34                                           | CUSIP: 771196CQ3<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |   3214000 | PA      | $3166291.38   | 0.01%             | 2034-09-09      | Fixed         | 4.59%                 | Yes           |                  2 | On Loan: No      |
| RYAN SPECIALTY LLC                                                              | RYAN SPECIALTY LLC 144A LIFE SR SEC 1ST LIEN 5.875% 08-01-32                                    | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |   7971000 | PA      | $7884674.07   | 0.04%             | 2032-08-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                     | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 5.7% 03-01-35                                       | CUSIP: 694308KU0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   3987000 | PA      | $4043248.60   | 0.02%             | 2035-03-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRISE GROUP INC                                             | PUBLIC SERVICE ENTERPRISE GROUP INC SR UNSEC 5.4% 03-15-35                                      | CUSIP: 744573BB1<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    450000 | PA      | $455673.15    | 0.00%             | 2035-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC                                                | PNC FINANCIAL SERVICES GROUP INC SR UNSEC 6.875% 10-20-34/33                                    | CUSIP: 693475BU8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |  35533000 | PA      | $39267482.77  | 0.18%             | 2034-10-20      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                     | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 6.95% 03-15-34                                      | CUSIP: 694308KP1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     18000 | PA      | $19720.73     | 0.00%             | 2034-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| PAID 2026-1                                                                     | PAID 2026-1 A2 144A 4.739% 09-15-33                                                             | CUSIP: 694969AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    678000 | PA      | $677191.82    | 0.00%             | 2033-09-15      | Fixed         | 4.74%                 | Yes           |                  2 | On Loan: No      |
| PKAIR 2026-1                                                                    | PKAIR 2026-1 A 144A 4.614% 09-15-43                                                             | CUSIP: 72585CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $247266.75    | 0.00%             | 2043-09-15      | Fixed         | 4.61%                 | Yes           |                  2 | On Loan: No      |
| PIRAEUS BANK SA                                                                 | PIRAEUS BANK SA EUR REG S SR UNSEC (B) 6.75% 12-05-29/28                                        | CUSIP: N/A<br>LEI: 213800OYHR1MPQ5VJL60       | Long             | DBT              | CORP              | GR        |   2970000 | PA      | $3695544.35   | 0.02%             | 2029-12-05      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FINANCIAL SERVICES INC                                                 | PENNYMAC FINANCIAL SERVICES INC 144A LIFE SR UNSEC 7.875% 12-15-29                              | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   5090000 | PA      | $5209950.94   | 0.02%             | 2029-12-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| PART 2024-2A                                                                    | PART 2024-2A E 144A 6.75% 11-17-31                                                              | CUSIP: 74113SAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2370000 | PA      | $2292714.30   | 0.01%             | 2031-11-17      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| PSTAT 2024-2A                                                                   | PSTAT 2024-2A BR CLO 144A FRN 01-15-33                                                          | CUSIP: 69702WAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9700000 | PA      | $9700485.00   | 0.05%             | 2033-01-15      | Variable      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                               | NEWELL BRANDS INC SR UNSEC 7.5% 04-01-46                                                        | CUSIP: 651229AY2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   7480000 | PA      | $6010793.36   | 0.03%             | 2046-04-01      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                                             | NOVA CHEMICALS CORP 144A LIFE SR UNSEC 5.25% 06-01-27                                           | CUSIP: 66977WAR0<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |   5205000 | PA      | $5199873.08   | 0.02%             | 2027-06-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| REACH 2026-1A                                                                   | REACH 2026-1A C 144A 4.8% 02-15-33                                                              | CUSIP: 75526XAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7031000 | PA      | $6987337.49   | 0.03%             | 2033-02-15      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| SYMP 2021-28A                                                                   | SYMP 2021-28A DR CLO 144A FRN 01-23-36                                                          | CUSIP: 87168BAU4<br>LEI: 54930054F3QGDZOYIH14 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $987350.00    | 0.00%             | 2036-01-23      | Variable      | 6.65%                 | Yes           |                  2 | On Loan: No      |
| PACIFICORP                                                                      | PACIFICORP SR SEC 1ST LIEN 5.45% 02-15-34                                                       | CUSIP: 695114DD7<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   4724000 | PA      | $4708543.07   | 0.02%             | 2034-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                                                      | PACIFICORP SR SEC 1ST LIEN 5.8% 01-15-55                                                        | CUSIP: 695114DE5<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |  14129000 | PA      | $12916124.25  | 0.06%             | 2055-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| SNDPT 2022-1A                                                                   | SNDPT 2022-1A BR CLO 144A FRN 04-20-35                                                          | CUSIP: 83616KAL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7468000 | PA      | $7468821.48   | 0.04%             | 2035-04-20      | Variable      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| UMPT 2026-ST1                                                                   | UMPT 2026-ST1 C 144A 5.13% 03-15-34                                                             | CUSIP: 91533VAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3056000 | PA      | $3033156.40   | 0.01%             | 2034-03-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                         | BRISTOL-MYERS SQUIBB CO SR UNSEC 5.1% 02-22-31                                                  | CUSIP: 110122EG9<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    943000 | PA      | $969586.00    | 0.00%             | 2031-02-22      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                         | BRISTOL-MYERS SQUIBB CO SR UNSEC 5.5% 02-22-44                                                  | CUSIP: 110122EJ3<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   4114000 | PA      | $4041963.86   | 0.02%             | 2044-02-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WSTN TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WSTN_23-MAUI           | WSTN 2023-MAUI D 144A FRN 07-05-37                                                              | CUSIP: 92943AAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  11453000 | PA      | $11465621.21  | 0.05%             | 2037-07-05      | Variable      | 8.75%                 | Yes           |                  2 | On Loan: No      |
| UMPT 2026-ST1                                                                   | UMPT 2026-ST1 B 144A 4.635% 03-15-34                                                            | CUSIP: 91533VAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2849000 | PA      | $2833911.70   | 0.01%             | 2034-03-15      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| WLAKE 2026-1A                                                                   | WLAKE 2026-1A D 144A 4.75% 07-15-31                                                             | CUSIP: 96043BAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8894000 | PA      | $8812530.96   | 0.04%             | 2031-07-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST 2025-ESH                                            | ESA 2025-ESH D 144A FRN 10-15-42                                                                | CUSIP: 30227TAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7287000 | PA      | $7314165.94   | 0.03%             | 2042-10-15      | Variable      | 6.27%                 | Yes           |                  2 | On Loan: No      |
| FIVE 2023-V1 MORTGAGE TRUST                                                     | F1VE 2023-V1 B FRN 02-10-56                                                                     | CUSIP: 337964AF7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7192000 | PA      | $7320715.22   | 0.03%             | 2056-02-10      | Variable      | 6.56%                 | No            |                  2 | On Loan: No      |
| CAPITAL GROUP CENTRAL CASH FUND                                                 | CAPITAL GROUP CENTRAL CASH FUND                                                                 | CUSIP: 14020B102<br>LEI: 549300YD0SRETB6WWP29 | Long             | STIV             | RF                | US        |   2649538 | NS      | $264927348.62 | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CDX HIGH GRADE ISSUER                                                           | CDX NA IG S46 1.0% 03-20-26/06-20-31 ICE                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |         1 | NC      | $38349.73     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FIVE 2023-V1 MORTGAGE TRUST                                                     | F1VE 2023-V1 C FRN 02-10-56                                                                     | CUSIP: 337964AG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2822000 | PA      | $2828431.34   | 0.01%             | 2056-02-10      | Variable      | 6.56%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST STACR_20-DNA5                                     | STACR 2020-DNA5 B2 144A FRN 10-25-50                                                            | CUSIP: 35566ABE8<br>LEI: 5493000ITF7RKPWPZQ19 | Long             | ABS-CBDO         | CORP              | US        |  30793000 | PA      | $42354170.26  | 0.20%             | 2050-10-25      | Variable      | 15.18%                | Yes           |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                         | BRISTOL-MYERS SQUIBB CO SR UNSEC 5.55% 02-22-54                                                 | CUSIP: 110122EK0<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |  26906000 | PA      | $25925895.14  | 0.12%             | 2054-02-22      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS FINANCE BV                                                  | BRASKEM NETHERLANDS FINANCE BV 144A LIFE SR UNSEC 4.5% 01-31-30                                 | CUSIP: 10554TAD7<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |   1170000 | PA      | $545335.83    | 0.00%             | 2030-01-31      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CDX HIGH GRADE ISSUER                                                           | CDX NA IG S46 1.0% 03-20-26/06-20-36 ICE                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |         1 | NC      | $16201.76     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ASCENSION HEALTH                                                                | ASCENSION HEALTH SR UNSEC 4.923% 11-15-35                                                       | CUSIP: 04351LAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8176000 | PA      | $8082376.62   | 0.04%             | 2035-11-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| MULTIFAMILY STRUCTURED CREDIT RISK MSCR_21-MN3                                  | MSCR 2021-MN3 M2 144A FRN 11-25-51                                                              | CUSIP: 35563GAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3500000 | PA      | $3628541.00   | 0.02%             | 2051-11-25      | Variable      | 7.66%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 5.5 MA5531 11-01-54                                                                   | CUSIP: 31418FED5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   6132362 | PA      | $6166960.89   | 0.03%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS FINANCE BV                                                  | BRASKEM NETHERLANDS FINANCE BV 144A LIFE SR UNSEC 5.875% 01-31-50                               | CUSIP: 10554TAE5<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $168000.00    | 0.00%             | 2050-01-31      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS FINANCE BV                                                  | BRASKEM NETHERLANDS FINANCE BV REG S SR UNSEC 5.875% 01-31-50                                   | CUSIP: N/A<br>LEI: 2549000TLMHFQ74DS330       | Long             | DBT              | CORP              | NL        |   9550000 | PA      | $4011000.00   | 0.02%             | 2050-01-31      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| AMPHENOL CORP                                                                   | AMPHENOL CORP SR UNSEC 4.625% 02-15-36                                                          | CUSIP: 032095BA8<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |  11135000 | PA      | $10772477.81  | 0.05%             | 2036-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                                    | ALPHABET INC SR UNSEC 4.375% 11-15-32                                                           | CUSIP: 02079KAX5<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   7882000 | PA      | $7839586.96   | 0.04%             | 2032-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                                    | ALPHABET INC SR UNSEC 4.7% 11-15-35                                                             | CUSIP: 02079KAY3<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |  22817000 | PA      | $22551661.11  | 0.11%             | 2035-11-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                                                        | ALLISON TRANSMISSION INC 144A LIFE SR UNSEC 5.875% 12-01-33                                     | CUSIP: 019736AH0<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |   1960000 | PA      | $1949051.44   | 0.01%             | 2033-12-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| MPLX LP                                                                         | MPLX LP SR UNSEC 5.4% 09-15-35                                                                  | CUSIP: 55336VCC2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |  11387000 | PA      | $11341042.07  | 0.05%             | 2035-09-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                     | MEXICO GOVERNMENT INTERNATIONAL BOND 5.375% 03-22-33                                            | CUSIP: 91087BBK5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   6905000 | PA      | $6766900.00   | 0.03%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                            | ONEMAIN FINANCE CORP SR UNSEC 6.75% 09-15-33                                                    | CUSIP: 682691AN0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   3825000 | PA      | $3672393.98   | 0.02%             | 2033-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORP                                                       | OCCIDENTAL PETROLEUM CORP SR UNSEC 4.4% 08-15-49                                                | CUSIP: 674599CY9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   1907000 | PA      | $1402503.15   | 0.01%             | 2049-08-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| ACUSHNET CO                                                                     | ACUSHNET CO 144A LIFE SR UNSEC 5.625% 12-01-33                                                  | CUSIP: 005095AB0<br>LEI: 549300H805O14KEFES79 | Long             | DBT              | CORP              | US        |    640000 | PA      | $636647.68    | 0.00%             | 2033-12-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| AMAZON.COM INC                                                                  | AMAZON.COM INC SR UNSEC 4.1% 11-20-30                                                           | CUSIP: 023135CT1<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |  10540000 | PA      | $10420845.30  | 0.05%             | 2030-11-20      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                          | VENTURE GLOBAL LNG INC 144A LIFE SR SEC 1ST LIEN 8.375% 06-01-31                                | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |  23245000 | PA      | $24186306.28  | 0.11%             | 2031-06-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                          | VENTURE GLOBAL LNG INC 144A LIFE SR SEC 1ST LIEN 9.875% 02-01-32                                | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |  25644000 | PA      | $27553913.83  | 0.13%             | 2032-02-01      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                                               | CLEAN HARBORS INC 144A LIFE SR UNSEC 6.375% 02-01-31                                            | CUSIP: 184496AQ0<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |  13300000 | PA      | $13516404.30  | 0.06%             | 2031-02-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                                       | CAESARS ENTERTAINMENT INC 144A LIFE SR SEC 1ST LIEN 7.0% 02-15-30                               | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |  18385000 | PA      | $18620971.48  | 0.09%             | 2030-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                     | MEXICO GOVERNMENT INTERNATIONAL BOND 5.625% 09-22-35                                            | CUSIP: 91087BBL3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   5943000 | PA      | $5758767.00   | 0.03%             | 2035-09-22      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | MORGAN STANLEY SR UNSEC 4.356% 10-22-31/30                                                      | CUSIP: 61748UAM4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  19712000 | PA      | $19322076.93  | 0.09%             | 2031-10-22      | Variable      | 4.36%                 | No            |                  2 | On Loan: No      |
| CONSUMERS ENERGY COMPANY                                                        | CONSUMERS ENERGY CO SR SEC 1ST LIEN 4.625% 05-15-33                                             | CUSIP: 210518DU7<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |   2675000 | PA      | $2654019.98   | 0.01%             | 2033-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                                        | CLOUD SOFTWARE GROUP INC 144A LIFE SR SEC 2ND LIEN 9.0% 09-30-29                                | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |  39640000 | PA      | $38277533.56  | 0.18%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                           | TENET HEALTHCARE CORP SR SEC 1ST LIEN 5.125% 11-01-27                                           | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   6310000 | PA      | $6307671.61   | 0.03%             | 2027-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                           | TENET HEALTHCARE CORP SR UNSEC 6.125% 10-01-28                                                  | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   5236000 | PA      | $5251179.16   | 0.02%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                                                            | VERITIV OPERATING CO 144A LIFE SR SEC 1ST LIEN 10.5% 11-30-30                                   | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |   5230000 | PA      | $5441804.54   | 0.03%             | 2030-11-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                                          | WESCO DISTRIBUTION INC 144A LIFE SR UNSEC 6.625% 03-15-32                                       | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   9770000 | PA      | $10012100.60  | 0.05%             | 2032-03-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| INFINITY NATURAL RESOURCES LLC                                                  | INFINITY NATURAL RESOURCES LLC 144A LIFE SR UNSEC 7.625% 04-01-31                               | CUSIP: 45690BAA3<br>LEI: 54930021094IFVB5ND43 | Long             | DBT              | CORP              | US        |   3835000 | PA      | $3857645.68   | 0.02%             | 2031-04-01      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| JEFFERIES FINANCIAL GROUP INC                                                   | JEFFERIES FINANCIAL GROUP INC SR UNSEC 5.5% 02-15-36                                            | CUSIP: 47233WLL1<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |  82000000 | PA      | $78751406.00  | 0.37%             | 2036-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                           | TRUIST FINANCIAL CORP SR UNSEC 5.122% 01-26-34/33                                               | CUSIP: 89788MAM4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   4296000 | PA      | $4286737.82   | 0.02%             | 2034-01-26      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                   | TRANSDIGM INC 144A LIFE SR SEC 1ST LIEN 6.75% 08-15-28                                          | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   4565000 | PA      | $4626125.35   | 0.02%             | 2028-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                               | POST HOLDINGS INC 144A LIFE SR UNSEC 6.25% 10-15-34                                             | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |  15615000 | PA      | $15304979.79  | 0.07%             | 2034-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                                                 | PHILIP MORRIS INTERNATIONAL INC SR UNSEC 4.9% 11-01-34                                          | CUSIP: 718172DQ9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |  36859000 | PA      | $36678354.04  | 0.17%             | 2034-11-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 SD8507 02-01-55                                                                   | CUSIP: 3132DWNY5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    802146 | PA      | $818119.85    | 0.00%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 5.5 SD8506 02-01-55                                                                   | CUSIP: 3132DWNX7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3493152 | PA      | $3512664.61   | 0.02%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                                                               | NEXSTAR MEDIA INC 144A LIFE SR UNSEC 5.625% 07-15-27                                            | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   3695000 | PA      | $3696622.11   | 0.02%             | 2027-07-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT CORP                                                                    | NAVIENT CORP SR UNSEC 5.0% 03-15-27                                                             | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |  12700000 | PA      | $12424092.50  | 0.06%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COMPANIES INC                                                  | MARSH & MCLENNAN COS INC SR UNSEC 5.0% 03-15-35                                                 | CUSIP: 571748CC4<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |  39165000 | PA      | $39019032.05  | 0.18%             | 2035-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COMPANIES INC                                                  | MARSH & MCLENNAN COS INC SR UNSEC 4.85% 11-15-31                                                | CUSIP: 571748CB6<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |   2830000 | PA      | $2854838.91   | 0.01%             | 2031-11-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC                                                | PNC FINANCIAL SERVICES GROUP INC SR UNSEC 5.676% 01-22-35/34                                    | CUSIP: 693475BW4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   5660000 | PA      | $5824332.44   | 0.03%             | 2035-01-22      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                     | PROLOGIS LP SR UNSEC 5.0% 03-15-34                                                              | CUSIP: 74340XCJ8<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |   3034000 | PA      | $3042158.43   | 0.01%             | 2034-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV                                  | TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV SR UNSEC 7.875% 09-15-29                         | CUSIP: 88167AAS0<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   9250000 | PA      | $9916823.25   | 0.05%             | 2029-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV                                  | TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV SR UNSEC 8.125% 09-15-31                         | CUSIP: 88167AAR2<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |  28166000 | PA      | $31522542.22  | 0.15%             | 2031-09-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                                                 | PHILIP MORRIS INTERNATIONAL INC SR UNSEC 4.75% 11-01-31                                         | CUSIP: 718172DP1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   9436000 | PA      | $9482481.74   | 0.04%             | 2031-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                                    | UNIVISION COMMUNICATIONS INC 144A LIFE SR SEC 1ST LIEN 8.0% 08-15-28                            | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   3620000 | PA      | $3676298.24   | 0.02%             | 2028-08-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR CO LTD                                                             | NISSAN MOTOR CO LTD 144A LIFE SR UNSEC 4.345% 09-17-27                                          | CUSIP: 654744AC5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |   1805000 | PA      | $1757221.65   | 0.01%             | 2027-09-17      | Fixed         | 4.34%                 | Yes           |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                                                               | NEXSTAR MEDIA INC 144A LIFE SR UNSEC 4.75% 11-01-28                                             | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |  16685000 | PA      | $16418306.96  | 0.08%             | 2028-11-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | MORGAN STANLEY SR UNSEC 4.892% 10-22-36/35                                                      | CUSIP: 61748UAN2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  44363000 | PA      | $42903146.76  | 0.20%             | 2036-10-22      | Variable      | 4.89%                 | No            |                  2 | On Loan: No      |
| MEITUAN                                                                         | MEITUAN 144A LIFE SR UNSEC 5.125% 11-05-35                                                      | CUSIP: 58533EAJ2<br>LEI: 21380033K525E5JLIA77 | Long             | DBT              | CORP              | CN        |   2170000 | PA      | $2095184.91   | 0.01%             | 2035-11-05      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| AMAZON.COM INC                                                                  | AMAZON.COM INC SR UNSEC 5.45% 11-20-55                                                          | CUSIP: 023135CW4<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |  15528000 | PA      | $14844861.17  | 0.07%             | 2055-11-20      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                                  | AMAZON.COM INC SR UNSEC 5.55% 11-20-65                                                          | CUSIP: 023135CY0<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   1730000 | PA      | $1635834.37   | 0.01%             | 2065-11-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                                           | MOLINA HEALTHCARE INC 144A LIFE SR UNSEC 6.25% 01-15-33                                         | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |  21949000 | PA      | $21295161.24  | 0.10%             | 2033-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | MORGAN STANLEY SR UNSEC 5.516% 11-19-55/54                                                      | CUSIP: 61747YFV2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $950161.00    | 0.00%             | 2055-11-19      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                                           | QUIKRETE HOLDINGS INC 144A LIFE SR SEC 1ST LIEN 6.38% 03-01-32                                  | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   7009000 | PA      | $7112403.78   | 0.03%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                                           | QUIKRETE HOLDINGS INC 144A LIFE SR UNSEC 6.75% 03-01-33                                         | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   8995000 | PA      | $9142652.93   | 0.04%             | 2033-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| META PLATFORMS INC                                                              | META PLATFORMS INC SR UNSEC 5.625% 11-15-55                                                     | CUSIP: 30303MAE2<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |  31424000 | PA      | $29477597.44  | 0.14%             | 2055-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                              | META PLATFORMS INC SR UNSEC 4.875% 11-15-35                                                     | CUSIP: 30303MAD4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |  35677000 | PA      | $35014799.20  | 0.16%             | 2035-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ACCENDRA HEALTH INC                                                             | OWENS & MINOR TL B-1 1ST LIEN (TSFR3M+385)(FLR 0.5) 7.51774% 03-29-29                           | CUSIP: 69073LAD2<br>LEI: 549300LMT5KQQXCEZ733 | Long             | LON              | CORP              | US        |  16164473 | PA      | $14604601.52  | 0.07%             | 2029-03-29      | Variable      | 7.52%                 | No            |                  2 | On Loan: No      |
| PERATON CORP                                                                    | PERATON CORP TL-B 1ST LIEN (TSFR3M+385)(FLR 0.75) 02-01-28                                      | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |  73127517 | PA      | $62493532.66  | 0.29%             | 2028-02-01      | Variable      | 7.52%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                             | JPMORGAN CHASE & CO SR UNSEC 4.898% 01-22-37/36                                                 | CUSIP: 46647PFJ0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  11153000 | PA      | $10917515.56  | 0.05%             | 2037-01-22      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                             | JPMORGAN CHASE & CO SUB 5.193% 02-05-37/36                                                      | CUSIP: 46647PFK7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  40000000 | PA      | $39321600.00  | 0.18%             | 2037-02-05      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                                                            | PETRONAS CAPITAL LTD 144A LIFE SR UNSEC 5.34% 04-03-35                                          | CUSIP: 716743AW9<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |   3925000 | PA      | $4030986.78   | 0.02%             | 2035-04-03      | Fixed         | 5.34%                 | Yes           |                  2 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                                                 | PHILIP MORRIS INTERNATIONAL INC SR UNSEC 4.875% 04-30-35                                        | CUSIP: 718172DU0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    638000 | PA      | $628368.75    | 0.00%             | 2035-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FLA ARPT SYS REV                                                   | COUNTY OF BROWARD FL AIRPORT SYSTEM REVENUE 3.477% 10-01-43                                     | CUSIP: 114894ZW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $62990.70     | 0.00%             | 2043-10-01      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| BRAZORIA CNTY TEX INDL DEV CORP                                                 | ALEON RENEWABLE METALS LLC 12.0% 06-01-43                                                       | CUSIP: 10604PAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6631883 | PA      | $331594.15    | 0.00%             | 2043-06-01      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                            | BANK OF AMERICA CORP SR UNSEC 2.687% 04-22-32/31                                                | CUSIP: 06051GJT7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3456000 | PA      | $3133016.06   | 0.01%             | 2032-04-22      | Variable      | 2.69%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                                                                | BOYD GAMING CORP 144A LIFE SR UNSEC 4.75% 06-15-31                                              | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   3390000 | PA      | $3226157.91   | 0.02%             | 2031-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                                                         | TALEN ENERGY SUPPLY LLC 144A LIFE SR SEC 1ST LIEN 8.625% 06-01-30                               | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |  17654000 | PA      | $18528526.20  | 0.09%             | 2030-06-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                           | TRUIST FINANCIAL CORP SR UNSEC 5.867% 06-08-34/33                                               | CUSIP: 89788MAP7<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |  22841000 | PA      | $23808818.85  | 0.11%             | 2034-06-08      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                              | META PLATFORMS INC SR UNSEC 4.6% 11-15-32                                                       | CUSIP: 30303MAC6<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   1768000 | PA      | $1751251.74   | 0.01%             | 2032-11-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                              | META PLATFORMS INC SR UNSEC 5.5% 11-15-45                                                       | CUSIP: 30303M8X3<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |  14386000 | PA      | $13622923.40  | 0.06%             | 2045-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                                        | EGYPT GOVERNMENT INTERNATIONAL BOND REG S 7.625% 05-29-32                                       | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |   1500000 | PA      | $1450717.50   | 0.01%             | 2032-05-29      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                                        | EGYPT GOVERNMENT INTERNATIONAL BOND 144A LIFE 5.875% 02-16-31                                   | CUSIP: 03846JAB6<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   4380000 | PA      | $4040931.06   | 0.02%             | 2031-02-16      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| AMAZON.COM INC                                                                  | AMAZON.COM INC SR UNSEC 4.65% 11-20-35                                                          | CUSIP: 023135CV6<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |  26088000 | PA      | $25590345.31  | 0.12%             | 2035-11-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                                                            | ARAMARK SERVICES INC 144A LIFE SR UNSEC 5.0% 02-01-28                                           | CUSIP: 038522AQ1<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |  11230000 | PA      | $11169953.19  | 0.05%             | 2028-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                                        | EGYPT GOVERNMENT INTERNATIONAL BOND REG S 7.5% 02-16-61                                         | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |  17025000 | PA      | $12976812.53  | 0.06%             | 2061-02-16      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                                        | EGYPT GOVERNMENT INTERNATIONAL BOND REG S 5.875% 02-16-31                                       | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |  13575000 | PA      | $12524118.53  | 0.06%             | 2031-02-16      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT CORP                                                                    | NAVIENT CORP SR UNSEC 4.875% 03-15-28                                                           | CUSIP: 63938CAL2<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   1719000 | PA      | $1623776.00   | 0.01%             | 2028-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NCL FINANCE LTD                                                                 | NCL FINANCE LTD 144A LIFE SR UNSEC 6.125% 03-15-28                                              | CUSIP: 62888HAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2420000 | PA      | $2441990.54   | 0.01%             | 2028-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                                        | EGYPT GOVERNMENT INTERNATIONAL BOND REG S 5.8% 09-30-27                                         | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |   2920000 | PA      | $2886726.60   | 0.01%             | 2027-09-30      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                                        | EGYPT GOVERNMENT INTERNATIONAL BOND REG S 8.75% 09-30-51                                        | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |   7260000 | PA      | $6384378.66   | 0.03%             | 2051-09-30      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| BAUSCH HEALTH COMPANIES INC                                                     | BAUSCH HEALTH COS INC 144A LIFE SR UNSEC 5.25% 01-30-30                                         | CUSIP: 071734AJ6<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   3995000 | PA      | $2585404.20   | 0.01%             | 2030-01-30      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BOEING CO/THE                                                                   | BOEING CO SR UNSEC 5.705% 05-01-40                                                              | CUSIP: 097023CV5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   5193000 | PA      | $5203604.11   | 0.02%             | 2040-05-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY CO                                                     | CANADIAN PACIFIC RAILWAY CO SR UNSEC 4.8% 03-30-30                                              | CUSIP: 13645RBJ2<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |   7114000 | PA      | $7207485.07   | 0.03%             | 2030-03-30      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                   | CITIGROUP INC SR UNSEC 5.333% 03-27-36/35                                                       | CUSIP: 17327CBA0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  34052000 | PA      | $34167810.85  | 0.16%             | 2036-03-27      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                   | FORD MOTOR CREDIT CO LLC SR UNSEC 5.85% 05-17-27                                                | CUSIP: 345397E74<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2519017.50   | 0.01%             | 2027-05-17      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                                        | FLORIDA POWER & LIGHT CO SR SEC 1ST LIEN 5.3% 06-15-34                                          | CUSIP: 341081GU5<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |  21655000 | PA      | $22273120.32  | 0.10%             | 2034-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BIP-V CHINOOK HOLDCO LLC                                                        | CQP HOLDCO LP 144A LIFE SR SEC 1ST LIEN 5.5% 06-15-31                                           | CUSIP: 12657NAA8<br>LEI: 254900KE9EMWN8JWL297 | Long             | DBT              | CORP              | US        |  13295000 | PA      | $12971971.39  | 0.06%             | 2031-06-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC                                                         | BOOZ ALLEN HAMILTON INC 144A LIFE SR UNSEC 4.0% 07-01-29                                        | CUSIP: 09951LAB9<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |   3146000 | PA      | $3046463.71   | 0.01%             | 2029-07-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                                         | KODIAK GAS SERVICES LLC 144A LIFE SR UNSEC 5.875% 04-01-31                                      | CUSIP: 50012LAF1<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |   4160000 | PA      | $4183179.52   | 0.02%             | 2031-04-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| MFB MAGYAR FEJLESZTESI BANK ZRT                                                 | MFB MAGYAR FEJLESZTESI BANK ZRT REG S SR UNSEC 6.5% 06-29-28                                    | CUSIP: N/A<br>LEI: 549300KCFVCFTUJZYT59       | Long             | DBT              | USGA              | HU        |   8710000 | PA      | $8884191.29   | 0.04%             | 2028-06-29      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & CO                                                                | WELLS FARGO & CO SR UNSEC 5.707% 04-22-28/27                                                    | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   4330000 | PA      | $4386519.49   | 0.02%             | 2028-04-22      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                            | ROYAL BANK OF CANADA SR UNSEC 4.65% 10-18-30/29                                                 | CUSIP: 78017FZT3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  16732000 | PA      | $16776992.35  | 0.08%             | 2030-10-18      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE SA                                                         | RAIZEN FUELS FINANCE SA 144A LIFE SR UNSEC 6.7% 02-25-37                                        | CUSIP: 75102XAE6<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |  16930000 | PA      | $9152781.25   | 0.04%             | 2037-02-25      | Fixed         | 6.70%                 | Yes           |                  2 | On Loan: No      |
| USI INC                                                                         | USI INC 144A LIFE SR UNSEC 7.5% 01-15-32                                                        | CUSIP: 90346KAB5<br>LEI: 2549006D7UF7072T7I27 | Long             | DBT              | CORP              | US        |   5855000 | PA      | $5939364.70   | 0.03%             | 2032-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| US BANCORP                                                                      | US BANCORP SR UNSEC 5.678% 01-23-35/34                                                          | CUSIP: 91159HJR2<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |  14295000 | PA      | $14769365.28  | 0.07%             | 2035-01-23      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                                        | FLORIDA POWER & LIGHT CO SR SEC 1ST LIEN 5.6% 06-15-54                                          | CUSIP: 341081GV3<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    975000 | PA      | $955174.35    | 0.00%             | 2054-06-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS LLC                                            | FRONTIER COMMUNICATIONS HOLDINGS LLC 144A LIFE SR SEC 1ST LIEN 5.0% 05-01-28                    | CUSIP: 35906ABF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    875000 | PA      | $875335.13    | 0.00%             | 2028-05-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                            | BANK OF AMERICA CORP SR UNSEC 2.299% 07-21-32/31                                                | CUSIP: 06051GKA6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   7058000 | PA      | $6232743.35   | 0.03%             | 2032-07-21      | Variable      | 2.30%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                                                            | BOSTON PROPERTIES LP SR UNSEC 2.45% 10-01-33                                                    | CUSIP: 10112RBF0<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |  14376000 | PA      | $11639974.06  | 0.05%             | 2033-10-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| NESCO HOLDINGS II INC                                                           | NESCO HOLDINGS II INC 144A LIFE SR SEC 2ND LIEN 5.5% 04-15-29                                   | CUSIP: 64083YAA9<br>LEI: 254900FAHT0HW9T6L409 | Long             | DBT              | CORP              | US        |  25940000 | PA      | $25392743.82  | 0.12%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| NEWS CORP                                                                       | NEWS CORP 144A LIFE SR UNSEC 3.875% 05-15-29                                                    | CUSIP: 65249BAA7<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |  17852000 | PA      | $17232803.38  | 0.08%             | 2029-05-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                                                         | TALEN ENERGY SUPPLY LLC TL-B (TSFR3M+250)(FLR 0.5) FRN 05-17-30                                 | CUSIP: 87422LAV2<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |   4343625 | PA      | $4356112.92   | 0.02%             | 2030-05-17      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| BBCMS 2025-5C34                                                                 | BBCMS 2025-5C34 B FRN 05-15-58                                                                  | CUSIP: 07337BAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2956000 | PA      | $3093507.21   | 0.01%             | 2058-05-15      | Variable      | 6.54%                 | No            |                  2 | On Loan: No      |
| COLOMBIA (REPUBLIC OF)                                                          | COLOMBIA GOVERNMENT INTERNATIONAL BOND 3.0% 01-30-30                                            | CUSIP: 195325DR3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  17698000 | PA      | $15898821.32  | 0.07%             | 2030-01-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CHILE (REPUBLIC OF)                                                             | CHILE GOVERNMENT INTERNATIONAL BOND 2.55% 01-27-32                                              | CUSIP: 168863DN5<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |  10000000 | PA      | $8869600.00   | 0.04%             | 2032-01-27      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HONG KONG                                                      | BANGKOK BANK PCL REG S SUB (H) 3.466% 09-23-36/31                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | HK        |   3485000 | PA      | $3136444.24   | 0.01%             | 2036-09-23      | Variable      | 3.47%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                            | BANK OF AMERICA CORP SR UNSEC 2.572% 10-20-32/31                                                | CUSIP: 06051GKD0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   4408000 | PA      | $3923349.22   | 0.02%             | 2032-10-20      | Variable      | 2.57%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                                    | SM ENERGY CO 144A LIFE SR UNSEC 8.75% 07-01-31                                                  | CUSIP: 17888HAB9<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |  24235000 | PA      | $25345253.82  | 0.12%             | 2031-07-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| COTY INC                                                                        | COTY INC 144A LIFE SR UNSEC 6.625% 07-15-30                                                     | CUSIP: 22207AAA0<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |   7855000 | PA      | $7794445.81   | 0.04%             | 2030-07-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| COLOMBIA (REPUBLIC OF)                                                          | COLOMBIA GOVERNMENT INTERNATIONAL BOND 3.25% 04-22-32                                           | CUSIP: 195325DZ5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  10375000 | PA      | $8670802.50   | 0.04%             | 2032-04-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BMO MORTGAGE TRUST BMOMT_23-C4                                                  | BMO 2023-C4 B FRN 02-15-56                                                                      | CUSIP: 05610CAK0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2981000 | PA      | $2971952.67   | 0.01%             | 2056-02-15      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                                                    | SYNOPSYS INC SR UNSEC 5.15% 04-01-35                                                            | CUSIP: 871607AE7<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |  36028000 | PA      | $36109783.56  | 0.17%             | 2035-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                                                    | SYNOPSYS INC SR UNSEC 5.7% 04-01-55                                                             | CUSIP: 871607AG2<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |  47664000 | PA      | $45602150.69  | 0.21%             | 2055-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                                                    | SYNOPSYS INC SR UNSEC 4.85% 04-01-30                                                            | CUSIP: 871607AC1<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   3650000 | PA      | $3677813.00   | 0.02%             | 2030-04-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                                             | SYNCHRONY FINANCIAL SR UNSEC 5.45% 03-06-31/30                                                  | CUSIP: 87165BAW3<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   9674000 | PA      | $9676186.32   | 0.05%             | 2031-03-06      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL COMPANY (THE)                                                      | DOW CHEMICAL CO SR UNSEC 5.55% 11-30-48                                                         | CUSIP: 260543CR2<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |   2547000 | PA      | $2203885.99   | 0.01%             | 2048-11-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL COMPANY (THE)                                                      | DOW CHEMICAL CO SR UNSEC 4.8% 05-15-49                                                          | CUSIP: 260543CV3<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |   8900000 | PA      | $6905892.70   | 0.03%             | 2049-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BX TRUST BX_20-VIV3                                                             | BX 2020-VIV3 B 144A FRN 03-09-44                                                                | CUSIP: 05608EAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4787599 | PA      | $4515136.74   | 0.02%             | 2044-03-09      | Variable      | 3.66%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST BX_20-VIV2                                                             | BX 2020-VIV2 C 144A FRN 03-09-44                                                                | CUSIP: 05605NAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4985000 | PA      | $4652096.72   | 0.02%             | 2044-03-09      | Variable      | 3.54%                 | Yes           |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                                                        | MICROCHIP TECHNOLOGY INC SR UNSEC 5.05% 02-15-30                                                | CUSIP: 595017BL7<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |  17252000 | PA      | $17406008.60  | 0.08%             | 2030-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                     | MEXICO GOVERNMENT INTERNATIONAL BOND 7.375% 05-13-55                                            | CUSIP: 91087BBD1<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   7385000 | PA      | $7776774.25   | 0.04%             | 2055-05-13      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS INC.                                                      | QXO BUILDING PRODUCTS INC 144A LIFE SR SEC 1ST LIEN 6.75% 04-30-32                              | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |  21460000 | PA      | $21907784.36  | 0.10%             | 2032-04-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| IQVIA INC                                                                       | IQVIA INC 144A LIFE SR UNSEC 5.0% 10-15-26                                                      | CUSIP: 449934AD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   7845000 | PA      | $7855779.03   | 0.04%             | 2026-10-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| PENNYMAC FINANCIAL SERVICES INC                                                 | PENNYMAC FINANCIAL SERVICES INC 144A LIFE SR UNSEC 6.875% 05-15-32                              | CUSIP: 70932MAG2<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   6165000 | PA      | $5955494.81   | 0.03%             | 2032-05-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| PLUSPETROL SA                                                                   | PLUSPETROL SA 144A LIFE SR UNSEC 8.5% 05-30-32                                                  | CUSIP: 72942BAA3<br>LEI: 254900QSCHBUBX6J6H71 | Long             | DBT              | CORP              | AR        |  10600000 | PA      | $11023470.00  | 0.05%             | 2032-05-30      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                     | MEXICO GOVERNMENT INTERNATIONAL BOND 6.875% 05-13-37                                            | CUSIP: 91087BBC3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |  14035000 | PA      | $14736750.00  | 0.07%             | 2037-05-13      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MPT OPERATING PARTNERSHIP LP                                                    | MPT OPERATING PARTNERSHIP LP 144A LIFE SR SEC 1ST LIEN 8.5% 02-15-32                            | CUSIP: 55342UAQ7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |  89427000 | PA      | $90732813.05  | 0.43%             | 2032-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                   | CARNIVAL CORP 144A LIFE SR SEC 1ST LIEN 7.0% 08-15-29                                           | CUSIP: 143658BW1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |  19890000 | PA      | $20643453.09  | 0.10%             | 2029-08-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CONOCOPHILLIPS CO                                                               | CONOCOPHILLIPS CO SR UNSEC 5.55% 03-15-54                                                       | CUSIP: 20826FBG0<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    968000 | PA      | $928217.14    | 0.00%             | 2054-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                          | UNITEDHEALTH GROUP INC SR UNSEC 5.5% 07-15-44                                                   | CUSIP: 91324PFK3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |  16454000 | PA      | $15889446.81  | 0.07%             | 2044-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                          | UNITEDHEALTH GROUP INC SR UNSEC 5.625% 07-15-54                                                 | CUSIP: 91324PFL1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   4885000 | PA      | $4659156.68   | 0.02%             | 2054-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MINERA MEXICO SA DE CV                                                          | MINERA MEXICO SA DE CV 144A LIFE SR UNSEC 5.625% 02-12-32                                       | CUSIP: 60284MAC6<br>LEI: 2549005BMA2EK49I0T98 | Long             | DBT              | CORP              | MX        |  12270000 | PA      | $12425829.00  | 0.06%             | 2032-02-12      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| MARS INC                                                                        | MARS INC 144A LIFE SR UNSEC 4.8% 03-01-30                                                       | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   3925000 | PA      | $3967064.23   | 0.02%             | 2030-03-01      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                          | UNITEDHEALTH GROUP INC SR UNSEC 5.15% 07-15-34                                                  | CUSIP: 91324PFJ6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |  11567000 | PA      | $11670004.14  | 0.05%             | 2034-07-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| UNION ELECTRIC CO                                                               | UNION ELECTRIC CO SR SEC 1ST LIEN 5.125% 03-15-55                                               | CUSIP: 906548CZ3<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |    400000 | PA      | $362752.80    | 0.00%             | 2055-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                        | MARS INC 144A LIFE SR UNSEC 5.0% 03-01-32                                                       | CUSIP: 571676AZ8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3036405.00   | 0.01%             | 2032-03-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| MARS INC                                                                        | MARS INC 144A LIFE SR UNSEC 5.2% 03-01-35                                                       | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |  66754000 | PA      | $67413796.54  | 0.32%             | 2035-03-01      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| MARS INC                                                                        | MARS INC 144A LIFE SR UNSEC 5.65% 05-01-45                                                      | CUSIP: 571676BB0<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   8864000 | PA      | $8758394.30   | 0.04%             | 2045-05-01      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| MARS INC                                                                        | MARS INC 144A LIFE SR UNSEC 5.7% 05-01-55                                                       | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |  31151000 | PA      | $30395650.55  | 0.14%             | 2055-05-01      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| BANK 2023-BNK45                                                                 | BANK 2023-BNK45 B FRN 02-15-56                                                                  | CUSIP: 06541BBX5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5438000 | PA      | $5633501.54   | 0.03%             | 2056-02-15      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| BANK5 2023-5YR1                                                                 | BANK5 2023-5YR1 B FRN 04-15-56                                                                  | CUSIP: 06644EBZ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10536725 | PA      | $10756531.62  | 0.05%             | 2056-04-15      | Variable      | 6.68%                 | No            |                  2 | On Loan: No      |
| MVM ENERGETIKA ZRT                                                              | MVM ENERGETIKA ZRT REG S SR UNSEC 7.5% 06-09-28                                                 | CUSIP: N/A<br>LEI: 529900ELI5AQ9F74PF85       | Long             | DBT              | CORP              | HU        |   2185000 | PA      | $2272994.32   | 0.01%             | 2028-06-09      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| MTR CORPORATION CI LTD                                                          | MTR CORP CI LTD PRP REG S SUB (H) 5.625% 12-31-79/12-24-35                                      | CUSIP: N/A<br>LEI: 254900SEVE6JAZLGDW04       | Long             | DBT              | CORP              | HK        |   4500000 | PA      | $4647861.00   | 0.02%             | 2079-12-31      | Variable      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK_23-B38                                           | BMARK 2023-B38 AM FRN 04-15-56                                                                  | CUSIP: 081916AG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  21893000 | PA      | $22548213.70  | 0.11%             | 2056-04-15      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| BARCLAYS COMMERCIAL MORTGAGE SECURITIES LLC BBCMS_23-C19                        | BBCMS 2023-C19 AS FRN 04-15-56                                                                  | CUSIP: 05553RAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  14288000 | PA      | $14796095.57  | 0.07%             | 2056-04-15      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| BX TRUST BX_21-ACNT                                                             | BX 2021-ACNT E 144A FRN 11-15-38                                                                | CUSIP: 05609QAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1086962 | PA      | $1086676.54   | 0.01%             | 2038-11-15      | Variable      | 5.98%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-SDMF                                         | BX 2021-SDMF E 144A FRN 09-15-34                                                                | CUSIP: 12434CAN4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1344813 | PA      | $1343428.98   | 0.01%             | 2034-09-15      | Variable      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| BMARK 2025-V15                                                                  | BMARK 2025-V15 B 6.4253% 06-15-58                                                               | CUSIP: 08164CAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5562000 | PA      | $5787216.50   | 0.03%             | 2058-06-15      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| BMARK 2025-V15                                                                  | BMARK 2025-V15 C 6.26769% 06-15-58                                                              | CUSIP: 08164CAH1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3400000 | PA      | $3451652.80   | 0.02%             | 2058-06-15      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| BMARK 2023-V2                                                                   | BMARK 2023-V2 B FRN 05-15-55                                                                    | CUSIP: 08163TAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13297000 | PA      | $13600929.53  | 0.06%             | 2055-05-15      | Variable      | 6.77%                 | No            |                  2 | On Loan: No      |
| BARCLAYS COMMERCIAL MORTGAGE SECURITIES LLC BBCMS_23-C20                        | BBCMS 2023-C20 B FRN 07-15-56                                                                   | CUSIP: 07336DBB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7743158 | PA      | $7888628.71   | 0.04%             | 2056-07-15      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| BANK5 BANK5_23-5YR2                                                             | BANK5 2023-5YR2 AS FRN 07-15-56                                                                 | CUSIP: 06211CAP0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9389000 | PA      | $9813730.19   | 0.05%             | 2056-07-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK_23-V3                                            | BMARK 2023-V3 B FRN 07-15-56                                                                    | CUSIP: 08163VAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6283000 | PA      | $6427735.19   | 0.03%             | 2056-07-15      | Variable      | 6.92%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS LLC                                            | FRONTIER COMMUNICATIONS HOLDINGS LLC 144A LIFE SR SEC 2ND LIEN 6.75% 05-01-29                   | CUSIP: 35906ABG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20690000 | PA      | $20729228.24  | 0.10%             | 2029-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS LLC                                            | FRONTIER COMMUNICATIONS HOLDINGS LLC SR SEC 2ND LIEN 5.875% 11-01-29                            | CUSIP: 35908MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13011000 | PA      | $13098095.63  | 0.06%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BBCMS 2018-TALL                                                                 | BBCMS 2018-TALL A 144A FRN 03-15-37                                                             | CUSIP: 05548WAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3286000 | PA      | $3118818.18   | 0.01%             | 2037-03-15      | Variable      | 4.59%                 | Yes           |                  2 | On Loan: No      |
| BMO MORTGAGE TRUST BMO_23-5C1                                                   | BMO 2023-5C1 B FRN 08-15-56                                                                     | CUSIP: 055986AG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10176000 | PA      | $10479733.25  | 0.05%             | 2056-08-15      | Variable      | 6.96%                 | No            |                  2 | On Loan: No      |
| FIRST STUDENT BIDCO INC                                                         | FIRST STUDENT BIDCO INC 144A LIFE SR SEC 1ST LIEN 4.0% 07-31-29                                 | CUSIP: 337120AA7<br>LEI: 2549006DRO2F06AA1391 | Long             | DBT              | CORP              | US        |  16475000 | PA      | $15782918.20  | 0.07%             | 2029-07-31      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| FIBRA SOMA TRUST F/6185                                                         | FIBRA SOMA TRUST F 144A LIFE SR UNSEC 4.375% 07-22-31                                           | CUSIP: 171653AA6<br>LEI: 549300PN33H8IMG2PD83 | Long             | DBT              | CORP              | MX        |   3933000 | PA      | $3591159.37   | 0.02%             | 2031-07-22      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| TRANSOCEAN INTERNATIONAL LTD                                                    | TRANSOCEAN INTERNATIONAL LTD 144A LIFE SR SEC 1ST LIEN SF 8.75% 02-15-30                        | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |  17375400 | PA      | $18124505.62  | 0.09%             | 2030-02-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| TRANSOCEAN AQUILA LTD                                                           | TRANSOCEAN AQUILA LTD 144A LIFE SR SEC 1ST LIEN SF 8.0% 09-30-28                                | CUSIP: 893790AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4110692 | PA      | $4227008.44   | 0.02%             | 2028-09-30      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                                   | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 6.2% 09-15-55                                     | CUSIP: 842400JK0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2680333.20   | 0.01%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                                       | SUNOCO LP 144A LIFE SR UNSEC 6.25% 07-01-33                                                     | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   2565000 | PA      | $2578214.88   | 0.01%             | 2033-07-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| BMO MORTGAGE TRUST BMO_23-5C1                                                   | BMO 2023-5C1 C FRN 08-15-56                                                                     | CUSIP: 055986AH6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4297000 | PA      | $4381968.88   | 0.02%             | 2056-08-15      | Variable      | 7.35%                 | No            |                  2 | On Loan: No      |
| BANK 2023-BNK46                                                                 | BANK 2023-BNK46 B FRN 08-15-56                                                                  | CUSIP: 06541DBT0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3955423 | PA      | $4154325.40   | 0.02%             | 2056-08-15      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QJ0957 07-01-54                                                                   | CUSIP: 3133CRB28<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    852600 | PA      | $870002.44    | 0.00%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DA5054 11-01-53                                                                   | CUSIP: 3140A5TL2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   2294221 | PA      | $2348676.27   | 0.01%             | 2053-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NATURA &CO LUXEMBOURG HOLDINGS SARL                                             | NATURA &CO LUXEMBOURG HOLDINGS SARL 144A LIFE SR UNSEC 4.125% 05-03-28                          | CUSIP: 63883KAB1<br>LEI: 54930074AZRQQPMINM11 | Long             | DBT              | CORP              | LU        |   1164000 | PA      | $1101601.45   | 0.01%             | 2028-05-03      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT CORP                                                                    | NAVIENT CORP SR UNSEC 5.5% 03-15-29                                                             | CUSIP: 63938CAM0<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |  14770000 | PA      | $13552390.74  | 0.06%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORPORATION                                                    | NORFOLK SOUTHERN CORP SR UNSEC 4.45% 03-01-33                                                   | CUSIP: 655844CQ9<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |   1343000 | PA      | $1319482.73   | 0.01%             | 2033-03-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                   | FORD MOTOR CREDIT CO LLC SR UNSEC 2.7% 08-10-26                                                 | CUSIP: 345397B77<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $992719.00    | 0.00%             | 2026-08-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS LLC                                            | FRONTIER COMMUNICATIONS HOLDINGS LLC 144A LIFE SR SEC 2ND LIEN 6.0% 01-15-30                    | CUSIP: 35908MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10781000 | PA      | $10852391.78  | 0.05%             | 2030-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| MA'ADEN SUKUK LTD                                                               | MA'ADEN SUKUK LTD 144A LIFE SR UNSEC 5.25% 01-29-36                                             | CUSIP: 55407NAD4<br>LEI: 254900QDNU6I6VA8UL14 | Long             | DBT              | CORP              | KY        |  21108000 | PA      | $20542411.14  | 0.10%             | 2036-01-29      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY PRIVATE BANK NA                                                  | MORGAN STANLEY PRIVATE BANK NA SR UNSEC 4.213% 02-08-30/29                                      | CUSIP: 61776NU43<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1039508.40   | 0.00%             | 2030-02-08      | Variable      | 4.21%                 | No            |                  2 | On Loan: No      |
| RADIOLOGY PARTNERS INC                                                          | RADIOLOGY PARTNERS INC 144A LIFE SR SEC 2ND LIEN PIK 9.781% 02-15-30                            | CUSIP: 75041VAC8<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |  12073649 | PA      | $11041593.48  | 0.05%             | 2030-02-15      | Fixed         | 9.78%                 | Yes           |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                           | TRUIST FINANCIAL CORP SR UNSEC 5.711% 01-24-35/34                                               | CUSIP: 89788MAS1<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |  19988000 | PA      | $20624957.60  | 0.10%             | 2035-01-24      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                                         | UKG INC 144A LIFE SR UNSEC 6.875% 02-01-31                                                      | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |  30100000 | PA      | $29442917.00  | 0.14%             | 2031-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CO                                                                   | FORD MOTOR CO SR UNSEC 3.25% 02-12-32                                                           | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |  19660000 | PA      | $17082888.56  | 0.08%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                   | FORD MOTOR CREDIT CO LLC SR UNSEC 4.95% 05-28-27                                                | CUSIP: 345397C27<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  11440000 | PA      | $11439736.88  | 0.05%             | 2027-05-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| USA COMPRESSION PARTNERS LP                                                     | USA COMPRESSION PARTNERS LP 144A LIFE SR UNSEC 7.125% 03-15-29                                  | CUSIP: 91740PAG3<br>LEI: 5493000B1PEOKXRZEO65 | Long             | DBT              | CORP              | US        |  10385000 | PA      | $10631809.91  | 0.05%             | 2029-03-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| UNITED RENTALS (NORTH AMERICA) INC                                              | UNITED RENTALS NORTH AMERICA INC 144A LIFE SR UNSEC 6.125% 03-15-34                             | CUSIP: 911365BR4<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   5935000 | PA      | $6017122.60   | 0.03%             | 2034-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC                                                           | REPUBLIC SERVICES INC SR UNSEC 5.15% 03-15-35                                                   | CUSIP: 760759BM1<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |   5125000 | PA      | $5228145.75   | 0.02%             | 2035-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES LP                                                         | RHP HOTEL PROPERTIES LP 144A LIFE SR UNSEC 6.5% 06-15-33                                        | CUSIP: 749571AL9<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |   2095000 | PA      | $2134775.67   | 0.01%             | 2033-06-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| RADIOLOGY PARTNERS INC                                                          | RADIOLOGY PARTNERS INC 144A LIFE SR SEC 1ST LIEN 8.5% 07-15-32                                  | CUSIP: 75041VAE4<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |   6470000 | PA      | $6567826.40   | 0.03%             | 2032-07-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE SA                                                         | RAIZEN FUELS FINANCE SA REG S SR UNSEC 6.25% 07-08-32                                           | CUSIP: N/A<br>LEI: 52990010NH26VC32Q522       | Long             | DBT              | CORP              | LU        |   3366000 | PA      | $1868130.00   | 0.01%             | 2032-07-08      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                        | CELANESE US HOLDINGS LLC SR UNSEC 7.2% 11-15-33                                                 | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |  28191000 | PA      | $30098995.07  | 0.14%             | 2033-11-15      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                        | CELANESE US HOLDINGS LLC SR UNSEC 6.85% 11-15-28                                                | CUSIP: 15089QAW4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   9804000 | PA      | $10201405.14  | 0.05%             | 2028-11-15      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                                   | BOEING CO SR UNSEC 5.93% 05-01-60                                                               | CUSIP: 097023CX1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   9680000 | PA      | $9299711.52   | 0.04%             | 2060-05-01      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                                   | BOEING CO SR UNSEC 5.805% 05-01-50                                                              | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1074000 | PA      | $1038923.16   | 0.00%             | 2050-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                            | BANK OF AMERICA CORP SR UNSEC 2.972% 02-04-33/32                                                | CUSIP: 06051GKK4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3286000 | PA      | $2975403.99   | 0.01%             | 2033-02-04      | Variable      | 2.97%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                         | BRISTOL-MYERS SQUIBB CO SR UNSEC 2.95% 03-15-32                                                 | CUSIP: 110122DU9<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1306556.85   | 0.01%             | 2032-03-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| CSX CORP                                                                        | CSX CORP SR UNSEC 5.2% 11-15-33                                                                 | CUSIP: 126408HW6<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |   1166000 | PA      | $1195872.92   | 0.01%             | 2033-11-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                                    | SM ENERGY CO 144A LIFE SR UNSEC 8.625% 11-01-30                                                 | CUSIP: 17888HAC7<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   4460000 | PA      | $4708337.26   | 0.02%             | 2030-11-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                                   | ECHOSTAR CORP SR SEC 1ST LIEN PIK 6.75% 11-30-30                                                | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |  34998355 | PA      | $35383616.89  | 0.17%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                            | EDISON INTERNATIONAL SR UNSEC 5.25% 03-15-32                                                    | CUSIP: 281020BB2<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |  19341000 | PA      | $19159910.22  | 0.09%             | 2032-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | MORGAN STANLEY SR UNSEC 5.073% 01-30-37/36                                                      | CUSIP: 61748UAT9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  50754000 | PA      | $49743690.88  | 0.23%             | 2037-01-30      | Variable      | 5.07%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                                            | MATADOR RESOURCES CO 144A LIFE SR UNSEC 6.0% 04-15-34                                           | CUSIP: 576485AJ5<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |   3755000 | PA      | $3733547.69   | 0.02%             | 2034-04-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| BROADCOM INC                                                                    | BROADCOM INC 144A SR UNSEC 4.15% 04-15-32                                                       | CUSIP: 11135FBT7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6775.94      | 0.00%             | 2032-04-15      | Fixed         | 4.15%                 | Yes           |                  2 | On Loan: No      |
| BANK OF EAST ASIA LTD                                                           | BANK OF EAST ASIA LTD REG S SUB (H) 4.875% 04-22-32/27                                          | CUSIP: N/A<br>LEI: CO6GC26LCGGRTUESIP55       | Long             | DBT              | CORP              | HK        |   2000000 | PA      | $1992574.00   | 0.01%             | 2032-04-22      | Variable      | 4.88%                 | Yes           |                  2 | On Loan: No      |
| CAPSTONE COPPER CORP                                                            | CAPSTONE COPPER CORP 144A LIFE SR UNSEC 6.75% 03-31-33                                          | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |   3675000 | PA      | $3654214.20   | 0.02%             | 2033-03-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CONSUMERS ENERGY COMPANY                                                        | CONSUMERS ENERGY CO SR SEC 1ST LIEN 5.05% 05-15-35                                              | CUSIP: 210518DZ6<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |  11100000 | PA      | $11150671.50  | 0.05%             | 2035-05-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                                                           | ELLUCIAN HOLDINGS INC 144A LIFE SR SEC 1ST LIEN 6.5% 12-01-29                                   | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |   3925000 | PA      | $3843611.20   | 0.02%             | 2029-12-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                                                            | RLJ LODGING TRUST LP 144A LIFE SR SEC 1ST LIEN 3.75% 07-01-26                                   | CUSIP: 74965LAA9<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              | CORP              | US        |    780000 | PA      | $776702.16    | 0.00%             | 2026-07-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                                            | CHARTER COMMUNICATIONS OPERATING LLC SR SEC 1ST LIEN 6.65% 02-01-34                             | CUSIP: 161175CP7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   9680000 | PA      | $10103064.40  | 0.05%             | 2034-02-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| COLOMBIA (REPUBLIC OF)                                                          | COLOMBIA GOVERNMENT INTERNATIONAL BOND 8.0% 11-14-35                                            | CUSIP: 195325EL5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   5404000 | PA      | $5669012.16   | 0.03%             | 2035-11-14      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                                              | ROCHE HOLDINGS INC 144A LIFE SR UNSEC 2.076% 12-13-31                                           | CUSIP: 771196BX9<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |    231000 | PA      | $203473.35    | 0.00%             | 2031-12-13      | Fixed         | 2.08%                 | Yes           |                  2 | On Loan: No      |
| ANYWHERE REAL ESTATE GROUP LLC                                                  | ANYWHERE REAL ESTATE GROUP LLC 144A LIFE SR UNSEC 5.25% 04-15-30                                | CUSIP: 75606DAQ4<br>LEI: LF6PBYTYG3BDVEF4FI12 | Long             | DBT              | CORP              | US        |   7410000 | PA      | $7007066.43   | 0.03%             | 2030-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| CSN RESOURCES SA                                                                | CSN RESOURCES SA 144A LIFE SR UNSEC 8.875% 12-05-30                                             | CUSIP: 12644VAF5<br>LEI: 222100ZEX458NMOXZP08 | Long             | DBT              | CORP              | LU        |   4500000 | PA      | $3195000.00   | 0.01%             | 2030-12-05      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| CSN RESOURCES SA                                                                | CSN RESOURCES SA REG S SR UNSEC 8.875% 12-05-30                                                 | CUSIP: N/A<br>LEI: 222100ZEX458NMOXZP08       | Long             | DBT              | CORP              | LU        |   3193000 | PA      | $2267030.00   | 0.01%             | 2030-12-05      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| CELULOSA ARAUCO Y CONSTITUCION SA                                               | CELULOSA ARAUCO Y CONSTITUCION SA 144A LIFE SR UNSEC 6.18% 05-05-32                             | CUSIP: 151191BR3<br>LEI: 549300QEKV8G0AMNQD28 | Long             | DBT              | CORP              | CL        |   8785000 | PA      | $8733423.27   | 0.04%             | 2032-05-05      | Fixed         | 6.18%                 | Yes           |                  2 | On Loan: No      |
| COMCAST CORP                                                                    | COMCAST CORP SR UNSEC 6.05% 05-15-55                                                            | CUSIP: 20030NEQ0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    850000 | PA      | $841817.90    | 0.00%             | 2055-05-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                                                            | RANGE RESOURCES CORP 144A LIFE SR UNSEC 4.75% 02-15-30                                          | CUSIP: 75281ABK4<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |   2920000 | PA      | $2848886.32   | 0.01%             | 2030-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| RYAN SPECIALTY LLC                                                              | RYAN SPECIALTY LLC 144A LIFE SR SEC 1ST LIEN 4.375% 02-01-30                                    | CUSIP: 78351MAA0<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |  15155000 | PA      | $14700668.26  | 0.07%             | 2030-02-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                                | CHS 144A LIFE SR SEC 1ST LIEN 10.875% 01-15-32                                                  | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   4692000 | PA      | $5039728.81   | 0.02%             | 2032-01-15      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                                       | CAESARS ENTERTAINMENT INC 144A LIFE SR SEC 1ST LIEN 6.5% 02-15-32                               | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   8950000 | PA      | $8852964.10   | 0.04%             | 2032-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| STARBUCKS CORP                                                                  | STARBUCKS CORP SR UNSEC 4.8% 05-15-30                                                           | CUSIP: 855244BL2<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1747776.90   | 0.01%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                                                                  | STARBUCKS CORP SR UNSEC 5.4% 05-15-35                                                           | CUSIP: 855244BM0<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |   4971000 | PA      | $5084393.48   | 0.02%             | 2035-05-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS LLC                                                    | DISCOVERY COMMUNICATIONS LLC SR UNSEC 3.625% 05-15-30                                           | CUSIP: 25470DBJ7<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    700000 | PA      | $595133.00    | 0.00%             | 2030-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                                      | DAVITA INC 144A LIFE SR UNSEC 4.625% 06-01-30                                                   | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |  43287000 | PA      | $41646422.70  | 0.20%             | 2030-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                                                          | RB GLOBAL HOLDINGS INC 144A LIFE SR SEC 1ST LIEN 6.75% 03-15-28                                 | CUSIP: 76774LAB3<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |   1216000 | PA      | $1232564.35   | 0.01%             | 2028-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                                                          | RB GLOBAL HOLDINGS INC 144A LIFE SR UNSEC 7.75% 03-15-31                                        | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |   1171000 | PA      | $1214386.72   | 0.01%             | 2031-03-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES LP                                                         | RHP HOTEL PROPERTIES LP 144A LIFE SR UNSEC 7.25% 07-15-28                                       | CUSIP: 749571AJ4<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |   5289000 | PA      | $5403295.29   | 0.03%             | 2028-07-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| RTX CORP                                                                        | RTX CORP SR UNSEC 6.1% 03-15-34                                                                 | CUSIP: 75513ECW9<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   5964000 | PA      | $6424665.32   | 0.03%             | 2034-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL COMPANY (THE)                                                      | DOW CHEMICAL CO SR UNSEC 3.6% 11-15-50                                                          | CUSIP: 260543DD2<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |   8022000 | PA      | $5164555.58   | 0.02%             | 2050-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| EOG RESOURCES INC                                                               | EOG RESOURCES INC SR UNSEC 5.65% 12-01-54                                                       | CUSIP: 26875PAW1<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    209000 | PA      | $203690.77    | 0.00%             | 2054-12-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                                                        | RTX CORP SR UNSEC 6.4% 03-15-54                                                                 | CUSIP: 75513ECX7<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   3020000 | PA      | $3258685.70   | 0.02%             | 2054-03-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                                                                  | STARBUCKS CORP SR UNSEC 5.0% 02-15-34                                                           | CUSIP: 855244BJ7<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |   1930000 | PA      | $1942245.85   | 0.01%             | 2034-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                                | BAT CAPITAL CORP SR UNSEC 5.65% 03-16-52                                                        | CUSIP: 05526DBV6<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2132468.00   | 0.01%             | 2052-03-16      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                     | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 2.5% 02-01-31                                       | CUSIP: 694308JG3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   8058000 | PA      | $7223843.90   | 0.03%             | 2031-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SALLY HOLDINGS LLC                                                              | SALLY HOLDINGS LLC SR UNSEC 6.75% 04-01-32                                                      | CUSIP: 79546VAQ9<br>LEI: 3GM3SMNQ8UJOJU9DFN26 | Long             | DBT              | CORP              | US        |  17944000 | PA      | $18379195.83  | 0.09%             | 2032-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                                             | STATION CASINOS LLC 144A LIFE SR UNSEC 6.625% 03-15-32                                          | CUSIP: 857691AJ8<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   5385000 | PA      | $5410040.25   | 0.03%             | 2032-03-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| PG&E CORP                                                                       | PG&E CORP SR SEC 1ST LIEN 5.0% 07-01-28                                                         | CUSIP: 69331CAH1<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   1560000 | PA      | $1548702.48   | 0.01%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                                       | PG&E CORP SR SEC 1ST LIEN 5.25% 07-01-30                                                        | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |  22755000 | PA      | $22466512.11  | 0.11%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                          | UNITED STATES TREASURY NOTE 4.625% 05-31-31                                                     | CUSIP: 91282CKU4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2095000 | PA      | $2157522.76   | 0.01%             | 2031-05-31      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                          | UNITED STATES TREASURY NOTE 4.25% 06-30-29                                                      | CUSIP: 91282CKX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1937000 | PA      | $1961212.50   | 0.01%             | 2029-06-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                       | AMGEN INC SR UNSEC 4.2% 02-19-31                                                                | CUSIP: 031162DV9<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   4402000 | PA      | $4342775.49   | 0.02%             | 2031-02-19      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                       | AMGEN INC SR UNSEC 4.85% 02-19-36                                                               | CUSIP: 031162DW7<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |  40273000 | PA      | $39584814.98  | 0.19%             | 2036-02-19      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| TURKEY (REPUBLIC OF)                                                            | TURKIYE GOVERNMENT INTERNATIONAL BOND 7.125% 07-17-32                                           | CUSIP: 900123DL1<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   2000000 | PA      | $1992122.00   | 0.01%             | 2032-07-17      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ARBOR MULTIFAMILY MORTGAGE SECURITIES TRUST AMMST_20-MF1                        | AMMST 2020-MF1 B FRN 05-15-53                                                                   | CUSIP: 03881BAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $468842.50    | 0.00%             | 2053-05-15      | Variable      | 3.72%                 | No            |                  2 | On Loan: No      |
| ABBOTT LABORATORIES                                                             | ABBOTT LABORATORIES SR UNSEC 4.3% 03-15-33                                                      | CUSIP: 002824BT6<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3915788.00   | 0.02%             | 2033-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ABBOTT LABORATORIES                                                             | ABBOTT LABORATORIES SR UNSEC 4.65% 03-15-36                                                     | CUSIP: 002824BU3<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |  20047000 | PA      | $19610837.42  | 0.09%             | 2036-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| AHPT 2024-ATRM                                                                  | AHPT 2024-ATRM C 144A FRN 11-10-29                                                              | CUSIP: 04963XAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6821000 | PA      | $6900055.39   | 0.03%             | 2029-11-10      | Variable      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| AHPT 2024-ATRM                                                                  | AHPT 2024-ATRM D 144A FRN 11-10-29                                                              | CUSIP: 04963XAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  24047000 | PA      | $24558696.11  | 0.12%             | 2029-11-10      | Variable      | 7.17%                 | Yes           |                  2 | On Loan: No      |
| ALA 2025-OANA                                                                   | ALA 2025-OANA C 144A FRN 06-15-40                                                               | CUSIP: 009920AE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  19993000 | PA      | $20080489.37  | 0.09%             | 2040-06-15      | Variable      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| BX 2026-VLT9                                                                    | BX 2026-VLT9 B 144A FRN 03-15-45                                                                | CUSIP: 05618UAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  45513000 | PA      | $45282385.63  | 0.21%             | 2045-03-15      | Variable      | 5.82%                 | Yes           |                  2 | On Loan: No      |
| ABBVIE INC                                                                      | ABBVIE INC SR UNSEC 5.55% 03-15-56                                                              | CUSIP: 00287YEH8<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   6909000 | PA      | $6761907.39   | 0.03%             | 2056-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                                      | ABBVIE INC SR UNSEC 4.125% 03-15-31                                                             | CUSIP: 00287YEE5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    512000 | PA      | $504681.98    | 0.00%             | 2031-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BX 2026-VLT9                                                                    | BX 2026-VLT9 A 144A FRN 03-15-45                                                                | CUSIP: 05618UAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  22000000 | PA      | $21936288.00  | 0.10%             | 2045-03-15      | Variable      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| BX 2026-VLT9                                                                    | BX 2026-VLT9 C 144A FRN 03-15-45                                                                | CUSIP: 05618UAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  17941000 | PA      | $17856515.83  | 0.08%             | 2045-03-15      | Variable      | 6.22%                 | Yes           |                  2 | On Loan: No      |
| MOOG INC                                                                        | MOOG INC 144A LIFE SR UNSEC 5.5% 10-15-34                                                       | CUSIP: 615394AP8<br>LEI: 549300WM2I4U7OBAHG07 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1583886.15   | 0.01%             | 2034-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| BMO 2024-5C7                                                                    | BMO 2024-5C7 B FRN 11-15-57                                                                     | CUSIP: 09660WAY7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2420000 | PA      | $2476226.28   | 0.01%             | 2057-11-15      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                      | US BANCORP SR UNSEC 5.424% 02-12-36/35                                                          | CUSIP: 91159HJU5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |  33875000 | PA      | $34629328.50  | 0.16%             | 2036-02-12      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                                              | UNION PACIFIC CORP SR UNSEC 5.1% 02-20-35                                                       | CUSIP: 907818GG7<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |  27281000 | PA      | $27779314.75  | 0.13%             | 2035-02-20      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| FREEPORT INDONESIA PT                                                           | FREEPORT INDONESIA PT REG S SR UNSEC 4.763% 04-14-27                                            | CUSIP: N/A<br>LEI: 549300T4HTQHRKLNE619       | Long             | DBT              | CORP              | ID        |   1650000 | PA      | $1654666.20   | 0.01%             | 2027-04-14      | Fixed         | 4.76%                 | Yes           |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS LLC                                            | FRONTIER COMMUNICATIONS HOLDINGS LLC 144A LIFE SR SEC 1ST LIEN 8.75% 05-15-30                   | CUSIP: 35908MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    850000 | PA      | $872814.85    | 0.00%             | 2030-05-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST COMM_14-CR16                                                | COMM 14-CR16 C FRN 04-10-47/04-12-24                                                            | CUSIP: 12591VAK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    460000 | PA      | $441994.68    | 0.00%             | 2047-04-10      | Variable      | 4.89%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST CGCMT_14-GC25                               | CGCMT 2014-GC25 B FRN 10-10-47                                                                  | CUSIP: 17322YAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    982350 | PA      | $960372.72    | 0.00%             | 2047-10-10      | Variable      | 4.34%                 | No            |                  2 | On Loan: No      |
| BANK5 BANK5_23-5YR4                                                             | BANK5 2023-5YR4 C FRN 12-15-56                                                                  | CUSIP: 06211FBL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3255479 | PA      | $3395894.32   | 0.02%             | 2056-12-15      | Variable      | 7.86%                 | No            |                  2 | On Loan: No      |
| BANK5 BANK5_23-5YR4                                                             | BANK5 2023-5YR4 B FRN 12-15-56                                                                  | CUSIP: 06211FBF4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    559000 | PA      | $591173.25    | 0.00%             | 2056-12-15      | Variable      | 7.60%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DE5117 07-01-55                                                                   | CUSIP: 3140BHVK4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    866380 | PA      | $883841.33    | 0.00%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DD5311 04-01-55                                                                   | CUSIP: 3140B53V7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    529488 | PA      | $540032.73    | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL COMPANY (THE)                                                      | DOW CHEMICAL CO SR UNSEC 5.6% 02-15-54                                                          | CUSIP: 260543DK6<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |  12205000 | PA      | $10505807.70  | 0.05%             | 2054-02-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                                          | DIAMONDBACK ENERGY INC SR UNSEC 5.15% 01-30-30                                                  | CUSIP: 25278XAY5<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   6068000 | PA      | $6196574.85   | 0.03%             | 2030-01-30      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BMO 2023-5C2                                                                    | BMO 2023-5C2 C FRN 11-15-56                                                                     | CUSIP: 05610QAH6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2887000 | PA      | $2937949.78   | 0.01%             | 2056-11-15      | Variable      | 7.49%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK_23-B40                                           | BMARK 2023-B40 B FRN 12-15-56                                                                   | CUSIP: 08163WAF2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6914000 | PA      | $7227515.33   | 0.03%             | 2056-12-15      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| BANC OF AMERICA COMMERCIAL MORTGAGE TRUST BACM_16-UB10                          | BACM 2016-UB10 C FRN 07-15-49                                                                   | CUSIP: 06054MAK9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3445000 | PA      | $3340447.70   | 0.02%             | 2049-07-15      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA COMMERCIAL MORTGAGE TRUST BACM 17-BNK3                          | BACM 17-BNK3 A4 3.574% 02-15-50/01-15-27                                                        | CUSIP: 06427DAS2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10000 | PA      | $9932.69      | 0.00%             | 2050-02-15      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                                              | UNION PACIFIC CORP SR UNSEC 5.6% 12-01-54                                                       | CUSIP: 907818GH5<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   7378000 | PA      | $7236283.38   | 0.03%             | 2054-12-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| UNION ELECTRIC CO                                                               | UNION ELECTRIC CO SR SEC 1ST LIEN 5.25% 04-15-35                                                | CUSIP: 906548DA7<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |   4300000 | PA      | $4350585.20   | 0.02%             | 2035-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                        | MARS INC 144A LIFE SR UNSEC 5.8% 05-01-65                                                       | CUSIP: 571676BD6<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   3173000 | PA      | $3115562.35   | 0.01%             | 2065-05-01      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| CYPRIUM CORP                                                                    | CYPRIUM CORP 144A LIFE SR UNSEC 6.375% 04-15-34                                                 | CUSIP: 23292NAB4<br>LEI: 254900V7LN9S9W17X250 | Long             | DBT              | CORP              | US        |   4180000 | PA      | $4067733.56   | 0.02%             | 2034-04-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| BMARK 2024-V5                                                                   | BMARK 2024-V5 C FRN 01-10-57                                                                    | CUSIP: 08163XBC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1155000 | PA      | $1181485.31   | 0.01%             | 2057-01-10      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| BMARK 2024-V5                                                                   | BMARK 2024-V5 AM FRN 01-10-57                                                                   | CUSIP: 08163XBA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4555000 | PA      | $4726664.29   | 0.02%             | 2057-01-10      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                                    | UNIVISION COMMUNICATIONS INC 144A LIFE SR SEC 1ST LIEN 8.5% 07-31-31                            | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |  19865000 | PA      | $19977336.58  | 0.09%             | 2031-07-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| UNIVERSAL ENTERTAINMENT CORP                                                    | UNIVERSAL ENTERTAINMENT CORP 144A LIFE SR SEC 1ST LIEN 9.875% 08-01-29                          | CUSIP: 91349WAC2<br>LEI: 353800BBJTHSMSQ31V91 | Long             | DBT              | CORP              | JP        |  19935000 | PA      | $19312848.59  | 0.09%             | 2029-08-01      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| BANK BANK 17-BNK7                                                               | BANK 2017-BNK7 C FRN 09-15-60                                                                   | CUSIP: 06541XAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2441978 | PA      | $2218119.43   | 0.01%             | 2060-09-15      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| BANK BANK 17-BNK9                                                               | BANK 2017-BNK9 A4 3.538% 11-15-54                                                               | CUSIP: 06540RAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      9904 | PA      | $9750.42      | 0.00%             | 2054-11-15      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| BBCMS 2024-C30                                                                  | BBCMS 2024-C30 B FRN 11-15-57                                                                   | CUSIP: 05493YAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2738000 | PA      | $2821051.75   | 0.01%             | 2057-11-15      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| BX 2024-GPA2                                                                    | BX 2024-GPA2 E 144A FRN 11-15-41                                                                | CUSIP: 12433DAJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7398459 | PA      | $7403630.66   | 0.03%             | 2041-11-15      | Variable      | 7.21%                 | Yes           |                  2 | On Loan: No      |
| CYPRIUM CORP                                                                    | CYPRIUM CORP 144A LIFE SR UNSEC 6.125% 04-15-31                                                 | CUSIP: 23292NAA6<br>LEI: 254900V7LN9S9W17X250 | Long             | DBT              | CORP              | US        |   3365000 | PA      | $3325686.71   | 0.02%             | 2031-04-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| DEUTSCHE BANK AG (NEW YORK BRANCH)                                              | DEUTSCHE BANK AG SR NON PREF 4.725% 02-06-32/31                                                 | CUSIP: 25160PAR8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3927000 | PA      | $3868310.99   | 0.02%             | 2032-02-06      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                            | BANK OF AMERICA CORP SR UNSEC 4.571% 04-27-33/32                                                | CUSIP: 06051GKQ1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  11230000 | PA      | $11038506.04  | 0.05%             | 2033-04-27      | Variable      | 4.57%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                            | CLEVELAND-CLIFFS INC 144A LIFE SR UNSEC 6.75% 04-15-30                                          | CUSIP: 185899AN1<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   8040000 | PA      | $7848993.72   | 0.04%             | 2030-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ABBVIE INC                                                                      | ABBVIE INC SR UNSEC 4.4% 03-15-33                                                               | CUSIP: 00287YEF2<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1341000 | PA      | $1316819.09   | 0.01%             | 2033-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                                      | ABBVIE INC SR UNSEC 4.75% 03-15-36                                                              | CUSIP: 00287YEG0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   9617000 | PA      | $9439114.35   | 0.04%             | 2036-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BX 2024-GPA2                                                                    | BX 2024-GPA2 D 144A FRN 11-15-41                                                                | CUSIP: 12433DAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1773766 | PA      | $1775151.03   | 0.01%             | 2041-11-15      | Variable      | 6.26%                 | Yes           |                  2 | On Loan: No      |
| BX 2024-GPA2                                                                    | BX 2024-GPA2 A 144A FRN 11-15-41                                                                | CUSIP: 12433DAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10252192 | PA      | $10271404.91  | 0.05%             | 2041-11-15      | Variable      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| BMARK 2024-V11                                                                  | BMARK 2024-V11 B FRN 11-15-57                                                                   | CUSIP: 081921BD9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4710000 | PA      | $4882522.59   | 0.02%             | 2057-11-15      | Variable      | 6.59%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR11                                                                | BANK5 2024-5YR11 B FRN 11-15-57                                                                 | CUSIP: 06644WBR8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5726000 | PA      | $5875047.78   | 0.03%             | 2057-11-15      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK_18-B2                                            | BMARK 2018-B2 B FRN 02-15-51                                                                    | CUSIP: 08161CAK7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2905000 | PA      | $2621759.60   | 0.01%             | 2051-02-15      | Variable      | 4.43%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK_18-B2                                            | BMARK 2018-B2 A4 3.6147% 02-15-51                                                               | CUSIP: 08161CAD3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     25000 | PA      | $24778.20     | 0.00%             | 2051-02-15      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| CFCRE COMMERCIAL MORTGAGE TRUST CFCRE_16-C7                                     | CFCRE 2016-C7 A2 3.5853% 12-10-54                                                               | CUSIP: 12532BAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    175954 | PA      | $174733.28    | 0.00%             | 2054-12-10      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST COMM_16-COR1                                                | COMM 2016-COR1 A4 3.091% 10-10-49                                                               | CUSIP: 12594MBC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     25000 | PA      | $24833.90     | 0.00%             | 2049-10-10      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS INC                                                    | WYNDHAM HOTELS & RESORTS INC 144A LIFE SR UNSEC 4.375% 08-15-28                                 | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |  12955000 | PA      | $12662799.98  | 0.06%             | 2028-08-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| WYNN MACAU LTD                                                                  | WYNN MACAU LTD REG S SR UNSEC 5.625% 08-26-28                                                   | CUSIP: N/A<br>LEI: 254900NMDQ8ENTHU1I31       | Long             | DBT              | CORP              | MO        |   4100000 | PA      | $4030459.90   | 0.02%             | 2028-08-26      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                                          | DIAMONDBACK ENERGY INC SR UNSEC 5.75% 04-18-54                                                  | CUSIP: 25278XBA6<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   9976000 | PA      | $9441076.90   | 0.04%             | 2054-04-18      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                                          | DIAMONDBACK ENERGY INC SR UNSEC 5.9% 04-18-64                                                   | CUSIP: 25278XBB4<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   6690000 | PA      | $6335777.88   | 0.03%             | 2064-04-18      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                                        | FLORIDA POWER & LIGHT CO SR SEC 1ST LIEN 5.1% 04-01-33                                          | CUSIP: 341081GL5<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   2756000 | PA      | $2813228.34   | 0.01%             | 2033-04-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                   | FORD MOTOR CREDIT CO LLC SR UNSEC 7.2% 06-10-30                                                 | CUSIP: 345397D42<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   4305000 | PA      | $4537500.14   | 0.02%             | 2030-06-10      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK 18-B3                                            | BMARK 2018-B3 B FRN 04-10-51                                                                    | CUSIP: 08161BBB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1445000 | PA      | $1351937.67   | 0.01%             | 2051-04-10      | Variable      | 4.29%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK 18-B3                                            | BMARK 2018-B3 A5 4.025% 04-10-51                                                                | CUSIP: 08161BAY9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     10000 | PA      | $9869.12      | 0.00%             | 2051-04-10      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| SIEMENS FUNDING BV                                                              | SIEMENS FUNDING BV 144A LIFE SR UNSEC 5.8% 05-28-55                                             | CUSIP: 82622RAF3<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |   4970000 | PA      | $5070632.56   | 0.02%             | 2055-05-28      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| SIEMENS FUNDING BV                                                              | SIEMENS FUNDING BV 144A LIFE SR UNSEC 5.9% 05-28-65                                             | CUSIP: 82622RAG1<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |   3573000 | PA      | $3652163.39   | 0.02%             | 2065-05-28      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QY3446 05-01-55                                                                   | CUSIP: 31426MZL9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    798980 | PA      | $815230.10    | 0.00%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QY6174 06-01-55                                                                   | CUSIP: 31426Q2G7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    793186 | PA      | $809696.05    | 0.00%             | 2055-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DD5558 03-01-55                                                                   | CUSIP: 3140B6E84<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    937770 | PA      | $956924.07    | 0.00%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DD6111 06-01-55                                                                   | CUSIP: 3140B6YH2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     99504 | PA      | $101490.27    | 0.00%             | 2055-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK 18-B4                                            | BMARK 2018-B4 A5 FRN 07-15-51                                                                   | CUSIP: 08161HAF7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     10000 | PA      | $9893.54      | 0.00%             | 2051-07-15      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| BANK BANK_19-BN18                                                               | BANK 2019-BN18 C FRN 05-15-62                                                                   | CUSIP: 065402BH1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1935000 | PA      | $1627271.15   | 0.01%             | 2062-05-15      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| CD 2017-CD6                                                                     | CD 17-CD6 A5 3.456% 11-13-50/10-18-27                                                           | CUSIP: 125039AF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10000 | PA      | $9850.53      | 0.00%             | 2050-11-13      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST COMM_19-G44                                                 | COMM 2019-GC44 C FRN 08-15-57                                                                   | CUSIP: 12655TBR9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $826406.00    | 0.00%             | 2057-08-15      | Variable      | 3.64%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK 19-B11                                           | BMARK 2019-B11 B FRN 05-15-52                                                                   | CUSIP: 08162BBK7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4840000 | PA      | $4097713.40   | 0.02%             | 2052-05-15      | Variable      | 3.96%                 | No            |                  2 | On Loan: No      |
| BANK BANK_19-BN19                                                               | BANK 2019-BN19 B 3.647% 08-15-61                                                                | CUSIP: 06540WBF9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3870000 | PA      | $3372499.89   | 0.02%             | 2061-08-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| FORTREA HOLDINGS INC                                                            | FORTREA HOLDINGS INC 144A LIFE SR SEC 1ST LIEN 7.5% 07-01-30                                    | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |    626000 | PA      | $593936.28    | 0.00%             | 2030-07-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                   | FORD MOTOR CREDIT CO LLC SR UNSEC 6.798% 11-07-28                                               | CUSIP: 345397D59<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  10468000 | PA      | $10838745.16  | 0.05%             | 2028-11-07      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| BANK BANK_19-BN20                                                               | BANK 2019-BN20 B FRN 09-15-62                                                                   | CUSIP: 06540AAH4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3740000 | PA      | $3146035.64   | 0.01%             | 2062-09-15      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK_22-B36                                           | BMARK 2022-B36 B FRN 07-15-55                                                                   | CUSIP: 08163QBN7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7260000 | PA      | $6981397.50   | 0.03%             | 2055-07-15      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| BMO MORTGAGE TRUST BMO_24-C10                                                   | BMO 2024-C10 B FRN 11-15-57                                                                     | CUSIP: 096920AJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6532000 | PA      | $6593361.61   | 0.03%             | 2057-11-15      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| BX 2024-FNX                                                                     | BX 2024-FNX D 144A FRN 11-15-41                                                                 | CUSIP: 05593TAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  18502762 | PA      | $18533827.66  | 0.09%             | 2041-11-15      | Variable      | 6.61%                 | Yes           |                  2 | On Loan: No      |
| BARCLAYS COMMERCIAL MORTGAGE SECURITIES LLC BBCMS_22-C17                        | BBCMS 2022-C17 B FRN 09-15-55                                                                   | CUSIP: 054976AK1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10648000 | PA      | $10112991.24  | 0.05%             | 2055-09-15      | Variable      | 4.89%                 | No            |                  2 | On Loan: No      |
| BANK BANK_22-BNK44                                                              | BANK 2022-BNK44 B FRN 11-15-55                                                                  | CUSIP: 06540KAW9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8068000 | PA      | $8046684.34   | 0.04%             | 2055-11-15      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| BMO 2024-5C3                                                                    | BMO 2024-5C3 D 144A 4.0% 02-15-57                                                               | CUSIP: 09660QAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    666000 | PA      | $595767.64    | 0.00%             | 2057-02-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| BMO 2024-5C3                                                                    | BMO 2024-5C3 C FRN 02-15-57                                                                     | CUSIP: 09660QAY0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2295000 | PA      | $2329443.36   | 0.01%             | 2057-02-15      | Variable      | 7.09%                 | No            |                  2 | On Loan: No      |
| BMO 2024-5C3                                                                    | BMO 2024-5C3 AS FRN 02-15-57                                                                    | CUSIP: 09660QAW4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3598000 | PA      | $3714873.83   | 0.02%             | 2057-02-15      | Variable      | 6.29%                 | No            |                  2 | On Loan: No      |
| BARCLAYS COMMERCIAL MORTGAGE SECURITIES LLC BBCMS_24-C24                        | BBCMS 2024-C24 C 6.0% 02-15-57                                                                  | CUSIP: 07336VAY7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    759000 | PA      | $746618.43    | 0.00%             | 2057-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BLP COMMERICAL MORTGAGE TRUST BLP_24-IND2                                       | BLP 2024-IND2 D 144A FRN 03-15-41                                                               | CUSIP: 05625AAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5591393 | PA      | $5587461.92   | 0.03%             | 2041-03-15      | Variable      | 6.26%                 | Yes           |                  2 | On Loan: No      |
| BMO 2024-5C4                                                                    | BMO 2024-5C4 C FRN 05-15-57                                                                     | CUSIP: 09660SAZ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3783117 | PA      | $3881326.72   | 0.02%             | 2057-05-15      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP/THE                                                         | CHARLES SCHWAB CORP SR UNSEC 5.853% 05-19-34/33                                                 | CUSIP: 808513CE3<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   4166000 | PA      | $4377778.61   | 0.02%             | 2034-05-19      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                 | CVS HEALTH CORP SR UNSEC 6.0% 06-01-63                                                          | CUSIP: 126650EA4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1429000 | PA      | $1356922.67   | 0.01%             | 2063-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_24-KING                                         | BX 2024-KING C 144A FRN 05-15-34                                                                | CUSIP: 05612RAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7730233 | PA      | $7740877.49   | 0.04%             | 2034-05-15      | Variable      | 5.61%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_24-KING                                         | BX 2024-KING D 144A FRN 05-15-34                                                                | CUSIP: 05612RAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2857383 | PA      | $2862317.80   | 0.01%             | 2034-05-15      | Variable      | 6.16%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST CGCMT_20-GC46                               | CGCMT 20-GC46 B FRN 3.15% 02-15-53/30                                                           | CUSIP: 17328RBC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1775000 | PA      | $1562871.53   | 0.01%             | 2053-02-15      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| CGCMT 2022-GC48                                                                 | CGCMT 2022-GC48 C FRN 05-15-54                                                                  | CUSIP: 29426VAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2905000 | PA      | $2653087.12   | 0.01%             | 2054-05-15      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| BMP 2024-MF23                                                                   | BMP 2024-MF23 E 144A FRN 06-15-41                                                               | CUSIP: 05593JAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10032000 | PA      | $10018527.02  | 0.05%             | 2041-06-15      | Variable      | 7.06%                 | Yes           |                  2 | On Loan: No      |
| BMARK 2024-V7                                                                   | BMARK 2024-V7 AS FRN 05-15-56                                                                   | CUSIP: 08163YAD3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12472000 | PA      | $12992730.94  | 0.06%             | 2056-05-15      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| BBCMS 2024-5C27                                                                 | BBCMS 2024-5C27 B FRN 07-15-57                                                                  | CUSIP: 05555FAF1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6326000 | PA      | $6571151.48   | 0.03%             | 2057-07-15      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| BMARK 2024-V8                                                                   | BMARK 2024-V8 B FRN 07-15-57                                                                    | CUSIP: 08190AAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5965000 | PA      | $6260410.66   | 0.03%             | 2057-07-15      | Variable      | 7.18%                 | No            |                  2 | On Loan: No      |
| BMO 2024-C9                                                                     | BMO 2024-C9 B FRN 07-15-57                                                                      | CUSIP: 05593MAJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5965000 | PA      | $6187637.66   | 0.03%             | 2057-07-15      | Variable      | 6.56%                 | No            |                  2 | On Loan: No      |
| BX 2024-AIRC                                                                    | BX 2024-AIRC D 144A FRN 08-15-41                                                                | CUSIP: 12433CAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9231889 | PA      | $9252623.42   | 0.04%             | 2041-08-15      | Variable      | 6.76%                 | Yes           |                  2 | On Loan: No      |
| WISCONSIN POWER AND LIGHT COMPANY                                               | WISCONSIN POWER AND LIGHT CO SR UNSEC 1.95% 09-16-31                                            | CUSIP: 976826BP1<br>LEI: JWBYHVQVMY66CVCOSO49 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1108031.10   | 0.01%             | 2031-09-16      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| WMG ACQUISITION CORP                                                            | WMG ACQUISITION CORP 144A LIFE SR SEC 1ST LIEN 3.75% 12-01-29                                   | CUSIP: 92933BAT1<br>LEI: 549300NAS11NXI33CP80 | Long             | DBT              | CORP              | US        |   1805000 | PA      | $1718549.53   | 0.01%             | 2029-12-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| BMO 2024-5C5                                                                    | BMO 2024-5C5 B FRN 02-15-57                                                                     | CUSIP: 05593RAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5018000 | PA      | $5172288.45   | 0.02%             | 2057-02-15      | Variable      | 6.98%                 | No            |                  2 | On Loan: No      |
| BBCMS 2024-C28                                                                  | BBCMS 2024-C28 B FRN 09-15-57                                                                   | CUSIP: 07336WBE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5555000 | PA      | $5651168.16   | 0.03%             | 2057-09-15      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2024-V9 MORTGAGE TRUST                                                | BMARK 2024-V9 B FRN 08-15-57                                                                    | CUSIP: 081919AT9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4404000 | PA      | $4550507.87   | 0.02%             | 2057-08-15      | Variable      | 6.47%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR9                                                                 | BANK5 2024-5YR9 B FRN 08-15-57                                                                  | CUSIP: 06644VBS8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9932000 | PA      | $10251353.53  | 0.05%             | 2057-08-15      | Variable      | 6.48%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORP                                                               | DEVON ENERGY CORP SR UNSEC 5.75% 09-15-54                                                       | CUSIP: 25179MBH5<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |  15780000 | PA      | $14841768.54  | 0.07%             | 2054-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DIEBOLD NIXDORF INC                                                             | DIEBOLD NIXDORF INC 144A LIFE SR SEC 1ST LIEN 7.75% 03-31-30                                    | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |  24879000 | PA      | $25932327.10  | 0.12%             | 2030-03-31      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| BX 2024-AIR2                                                                    | BX 2024-AIR2 D 144A FRN 10-15-41                                                                | CUSIP: 05613QAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5110512 | PA      | $5121458.51   | 0.02%             | 2041-10-15      | Variable      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| BMARK 2024-V10                                                                  | BMARK 2024-V10 B FRN 09-15-57                                                                   | CUSIP: 08163UAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5805000 | PA      | $5874822.54   | 0.03%             | 2057-09-15      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST STACR_20-HQA3                                     | STACR 2020-HQA3 B2 144A FRN 07-25-50                                                            | CUSIP: 35565MBE3<br>LEI: 5493000ITAM9GTFUKP51 | Long             | ABS-CBDO         | CORP              | US        |   4000000 | PA      | $5264512.00   | 0.02%             | 2050-07-25      | Variable      | 13.78%                | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 SD8368 10-01-53                                                                   | CUSIP: 3132DWJM6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  18067837 | PA      | $18513047.07  | 0.09%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                                             | SYNCHRONY FINANCIAL SR UNSEC 6.0% 07-29-36/35                                                   | CUSIP: 87165BAY9<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |  10420000 | PA      | $10284550.42  | 0.05%             | 2036-07-29      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                                                             | SHERWIN-WILLIAMS CO SR UNSEC 5.15% 08-15-35                                                     | CUSIP: 824348BW5<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |   2381000 | PA      | $2396805.08   | 0.01%             | 2035-08-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CASCADE MH ASSET TRUST CMHAT_22-MH1                                             | CMHAT 2022-MH1 A 144A 4.25% 08-25-54                                                            | CUSIP: 14732KAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12209844 | PA      | $11967711.03  | 0.06%             | 2054-08-25      | Variable      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| CASCADE FUNDING MORTGAGE TRUST CFMT_23-HB12                                     | CFMT 2023-HB12 M1 144A FRN 04-25-33                                                             | CUSIP: 12530QAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6514000 | PA      | $6472030.30   | 0.03%             | 2033-04-25      | Variable      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| US BANCORP                                                                      | US BANCORP SR UNSEC 5.083% 05-15-31/30                                                          | CUSIP: 91159HJV3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   3313000 | PA      | $3361446.00   | 0.02%             | 2031-05-15      | Variable      | 5.08%                 | No            |                  2 | On Loan: No      |
| UNISYS CORP                                                                     | UNISYS CORP 144A LIFE SR SEC 1ST LIEN 10.625% 01-15-31                                          | CUSIP: 909214BX5<br>LEI: 549300T21W22FIJJOW08 | Long             | DBT              | CORP              | US        |  52074000 | PA      | $44845608.06  | 0.21%             | 2031-01-15      | Fixed         | 10.62%                | Yes           |                  2 | On Loan: No      |
| WARRIOR MET COAL INC                                                            | WARRIOR MET COAL INC 144A LIFE SR SEC 1ST LIEN 7.875% 12-01-28                                  | CUSIP: 93627CAB7<br>LEI: 549300152B1S9YKBYV79 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1012435.00   | 0.00%             | 2028-12-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ALPHABET INC                                                                    | ALPHABET INC SR UNSEC 4.4% 02-15-33                                                             | CUSIP: 02079KBL0<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   6441000 | PA      | $6362645.24   | 0.03%             | 2033-02-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                          | UNITEDHEALTH GROUP INC SR UNSEC 5.95% 06-15-55                                                  | CUSIP: 91324PFR8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |  27130000 | PA      | $27351082.37  | 0.13%             | 2055-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                          | UNITEDHEALTH GROUP INC SR UNSEC 5.3% 06-15-35                                                   | CUSIP: 91324PFQ0<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |  46275000 | PA      | $47229421.88  | 0.22%             | 2035-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| APLD COMPUTECO 2 LLC                                                            | APLD COMPUTECO 2 LLC 144A LIFE SR SEC 1ST LIEN SF 6.75% 03-15-31                                | CUSIP: 03772CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15310000 | PA      | $15208020.09  | 0.07%             | 2031-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| AMAZON.COM INC                                                                  | AMAZON.COM INC SR UNSEC 4.875% 03-13-36                                                         | CUSIP: 023135DF0<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |  12425000 | PA      | $12316567.03  | 0.06%             | 2036-03-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                                    | UNIVISION COMMUNICATIONS INC 144A LIFE SR SEC 1ST LIEN 9.375% 08-01-32                          | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |  36790000 | PA      | $37943734.40  | 0.18%             | 2032-08-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| USA COMPRESSION PARTNERS LP                                                     | USA COMPRESSION PARTNERS LP 144A LIFE SR UNSEC 6.25% 10-01-33                                   | CUSIP: 91740PAH1<br>LEI: 5493000B1PEOKXRZEO65 | Long             | DBT              | CORP              | US        |   4280000 | PA      | $4273515.80   | 0.02%             | 2033-10-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                                              | UNION PACIFIC CORP SR UNSEC 4.3% 03-01-49                                                       | CUSIP: 907818FC7<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |     75000 | PA      | $61221.53     | 0.00%             | 2049-03-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS (NORTH AMERICA) INC                                              | UNITED RENTALS NORTH AMERICA INC SR UNSEC 5.25% 01-15-30                                        | CUSIP: 911365BL7<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   5130000 | PA      | $5104144.80   | 0.02%             | 2030-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DC4916 10-01-54                                                                   | CUSIP: 3140ASPA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1576381 | PA      | $1607773.43   | 0.01%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DD6390 04-01-55                                                                   | CUSIP: 3140B7C43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    864049 | PA      | $882459.40    | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                                      | DAVITA INC 144A LIFE SR UNSEC 6.875% 09-01-32                                                   | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   5147000 | PA      | $5277229.39   | 0.02%             | 2032-09-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| DOW CHEMICAL COMPANY (THE)                                                      | DOW CHEMICAL CO SR UNSEC 5.35% 03-15-35                                                         | CUSIP: 260543DL4<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |  16778000 | PA      | $16549986.98  | 0.08%             | 2035-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| GWT 2024-WOLF                                                                   | GWT 2024-WOLF A 144A FRN 03-15-39                                                               | CUSIP: 39152MAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6742000 | PA      | $6747198.08   | 0.03%             | 2039-03-15      | Variable      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| KSL 2024-HT2                                                                    | KSL 2024-HT2 D 144A FRN 12-15-39                                                                | CUSIP: 500937AG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  19606612 | PA      | $19531106.80  | 0.09%             | 2039-12-15      | Variable      | 6.96%                 | Yes           |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE LLC                                                     | CRESCENT ENERGY FINANCE LLC 144A LIFE SR UNSEC 7.875% 04-15-32                                  | CUSIP: 516806AK2<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |  15590000 | PA      | $15939169.23  | 0.07%             | 2032-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                                   | VISTRA OPERATIONS CO LLC 144A LIFE SR UNSEC 6.875% 04-15-32                                     | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   4780000 | PA      | $4949866.86   | 0.02%             | 2032-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QJ3725 09-01-54                                                                   | CUSIP: 3133CUD60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    866861 | PA      | $885111.83    | 0.00%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DE2033 06-01-55                                                                   | CUSIP: 3140BEHK7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    829790 | PA      | $846582.53    | 0.00%             | 2055-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                                   | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 3.6% 02-01-45                                     | CUSIP: 842400GE7<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   3221000 | PA      | $2297652.04   | 0.01%             | 2045-02-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                                                         | SIMON PROPERTY GROUP LP SR UNSEC 5.125% 10-01-35                                                | CUSIP: 828807EA1<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |   1154000 | PA      | $1156406.09   | 0.01%             | 2035-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                                           | DIRECTV FINANCING LLC 144A LIFE SR SEC 1ST LIEN 10.0% 02-15-31                                  | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2451885.60   | 0.01%             | 2031-02-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                             | FIFTH THIRD BANCORP SR UNSEC 4.895% 09-06-30/29                                                 | CUSIP: 316773DM9<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    560000 | PA      | $562395.12    | 0.00%             | 2030-09-06      | Variable      | 4.89%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                                            | FIESTA PURCHASER INC 144A LIFE SR UNSEC 9.625% 09-15-32                                         | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3565000 | PA      | $3639761.62   | 0.02%             | 2032-09-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS LLC                                                     | FTAI AVIATION INVESTORS LLC 144A LIFE SR UNSEC 5.875% 04-15-33                                  | CUSIP: 34960PAH4<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |  19360000 | PA      | $18965036.64  | 0.09%             | 2033-04-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| DOW CHEMICAL COMPANY (THE)                                                      | DOW CHEMICAL CO SR UNSEC 5.95% 03-15-55                                                         | CUSIP: 260543DM2<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |  14622000 | PA      | $13253073.74  | 0.06%             | 2055-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                                      | DAVITA INC 144A LIFE SR UNSEC 6.75% 07-15-33                                                    | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |  12950000 | PA      | $13184628.10  | 0.06%             | 2033-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                                                          | ROPER TECHNOLOGIES INC SR UNSEC 4.45% 09-15-30                                                  | CUSIP: 776696AL0<br>LEI: 549300LJXD867XMVE759 | Long             | DBT              | CORP              | US        |   3650000 | PA      | $3595844.95   | 0.02%             | 2030-09-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                                                          | ROPER TECHNOLOGIES INC SR UNSEC 5.1% 09-15-35                                                   | CUSIP: 776696AM8<br>LEI: 549300LJXD867XMVE759 | Long             | DBT              | CORP              | US        |  24547000 | PA      | $23877775.14  | 0.11%             | 2035-09-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                   | FORD MOTOR CREDIT CO LLC SR UNSEC 6.054% 11-05-31                                               | CUSIP: 345397G31<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   8878000 | PA      | $8921564.35   | 0.04%             | 2031-11-05      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| FS KKR CAPITAL CORP                                                             | FS KKR CAPITAL CORP SR UNSEC 6.125% 01-15-30                                                    | CUSIP: 302635AP2<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |  18173000 | PA      | $17310182.31  | 0.08%             | 2030-01-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| FS COMMERCIAL TRUST FS_23-4SZN                                                  | FS 2023-4SZN C 144A FRN 11-10-39                                                                | CUSIP: 30334RAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8898000 | PA      | $9006573.40   | 0.04%             | 2039-11-10      | Variable      | 8.39%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 MA5139 09-01-53                                                                   | CUSIP: 31418EV98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   5041573 | PA      | $5154625.27   | 0.02%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                   | FORD MOTOR CREDIT CO LLC SR UNSEC 6.5% 02-07-35                                                 | CUSIP: 345397G56<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  56030000 | PA      | $56569849.05  | 0.27%             | 2035-02-07      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLDINGS LLC                                                   | FREEDOM MORTGAGE HOLDINGS LLC 144A LIFE SR UNSEC 8.375% 04-01-32                                | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |  16410000 | PA      | $16159402.89  | 0.08%             | 2032-04-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| AMAZON.COM INC                                                                  | AMAZON.COM INC SR UNSEC 5.8% 03-13-56                                                           | CUSIP: 023135DH6<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |  19107000 | PA      | $19105127.51  | 0.09%             | 2056-03-13      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BANK GOSPODARSTWA KRAJOWEGO                                                     | BANK GOSPODARSTWA KRAJOWEGO 4.25% 09-13-44                                                      | CUSIP: N/A<br>LEI: 259400BCOV9JJIGLYF05       | Long             | DBT              | USGA              | PL        |    900000 | PA      | $1003917.11   | 0.00%             | 2044-09-13      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                                    | ALPHABET INC SR UNSEC 4.8% 02-15-36                                                             | CUSIP: 02079KBM8<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |  14073000 | PA      | $14018171.59  | 0.07%             | 2036-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ADVANCED DRAINAGE SYSTEMS INC                                                   | ADVANCED DRAINAGE SYSTEMS INC 144A LIFE SR UNSEC 5.375% 03-01-34                                | CUSIP: 00790RAC8<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |   6365000 | PA      | $6209827.67   | 0.03%             | 2034-03-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST CGCMT_23-SMRT                               | CGCMT 2023-SMRT C 144A FRN 06-12-40                                                             | CUSIP: 17291NAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2450000 | PA      | $2463825.35   | 0.01%             | 2040-10-12      | Variable      | 6.05%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST CGCMT_23-SMRT                               | CGCMT 2023-SMRT D 144A FRN 06-12-40                                                             | CUSIP: 17291NAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  27313000 | PA      | $27199295.98  | 0.13%             | 2040-10-12      | Variable      | 6.05%                 | Yes           |                  2 | On Loan: No      |
| VAIL RESORTS INC                                                                | VAIL RESORTS INC 144A LIFE SR UNSEC 6.5% 05-15-32                                               | CUSIP: 91879QAP4<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |   5875000 | PA      | $5944589.38   | 0.03%             | 2032-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| VALE OVERSEAS LTD                                                               | VALE OVERSEAS LTD SR UNSEC 6.4% 06-28-54                                                        | CUSIP: 91911TAS2<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | BR        |  11499000 | PA      | $11656536.30  | 0.05%             | 2054-06-28      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                          | VENTURE GLOBAL LNG INC 144A LIFE SR SEC 1ST LIEN 7.0% 01-15-30                                  | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   4835000 | PA      | $4939232.93   | 0.02%             | 2030-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| VISTA ENERGY ARGENTINA SAU                                                      | VISTA ENERGY ARGENTINA SAU 144A LIFE SR UNSEC SF 7.625% 12-10-35                                | CUSIP: 92841RAA8<br>LEI: 549300FE4UJNCG1DB123 | Long             | DBT              | CORP              | AR        |  19687000 | PA      | $19947852.75  | 0.09%             | 2035-12-10      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| VARANASI AURANGABAD NH-2 TOLLWAY PVT LTD                                        | VARANASI AURANGABAD NH-2 TOLLWAY PVT LTD 144A LIFE SR SEC 1ST LIEN SF 5.9% 02-28-34             | CUSIP: 92213HAA0<br>LEI: 335800WU93PC1E28MY29 | Long             | DBT              | CORP              | IN        |    477600 | PA      | $490156.58    | 0.00%             | 2034-02-28      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                              | VICI PROPERTIES LP SR UNSEC 5.625% 04-01-35                                                     | CUSIP: 925650AK9<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |   8093000 | PA      | $8058968.94   | 0.04%             | 2035-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QY0962 04-01-55                                                                   | CUSIP: 31426KB88<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    263862 | PA      | $269202.06    | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DC3877 10-01-54                                                                   | CUSIP: 3140ARJX9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    877449 | PA      | $895249.40    | 0.00%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                                              | VENTURE GLOBAL PLAQUEMINES LNG LLC 144A LIFE SR SEC 1ST LIEN 7.5% 05-01-33                      | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |  22240000 | PA      | $24459307.36  | 0.11%             | 2033-05-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                                              | VENTURE GLOBAL PLAQUEMINES LNG LLC 144A LIFE SR SEC 1ST LIEN 7.75% 05-01-35                     | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |  17095000 | PA      | $19170384.29  | 0.09%             | 2035-05-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                                        | EGYPT GOVERNMENT INTERNATIONAL BOND 144A LIFE 8.625% 02-04-30                                   | CUSIP: 03846JAH3<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   3580000 | PA      | $3706037.48   | 0.02%             | 2030-02-04      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                                        | EGYPT GOVERNMENT INTERNATIONAL BOND 144A LIFE 9.45% 02-04-33                                    | CUSIP: 03846JAG5<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   4800000 | PA      | $5054433.60   | 0.02%             | 2033-02-04      | Fixed         | 9.45%                 | Yes           |                  2 | On Loan: No      |
| KSL 2024-HT2                                                                    | KSL 2024-HT2 E 144A FRN 12-15-39                                                                | CUSIP: 500937AJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  15150564 | PA      | $15218892.75  | 0.07%             | 2039-12-15      | Variable      | 8.21%                 | Yes           |                  2 | On Loan: No      |
| ELI LILLY AND CO                                                                | ELI LILLY & CO SR UNSEC 5.1% 02-12-35                                                           | CUSIP: 532457CX4<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   7569000 | PA      | $7725610.18   | 0.04%             | 2035-02-12      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                              | ENERGY TRANSFER LP SR UNSEC 5.2% 04-01-30                                                       | CUSIP: 29273VBD1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   5040000 | PA      | $5154035.04   | 0.02%             | 2030-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                       | AMGEN INC SR UNSEC 5.65% 02-19-56                                                               | CUSIP: 031162DY3<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2667799.75   | 0.01%             | 2056-02-19      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                | CCO HOLDINGS LLC 144A SR UNSEC 7.375% 02-01-36                                                  | CUSIP: 1248EPCV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  28630000 | PA      | $28536723.46  | 0.13%             | 2036-02-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                                                         | SIMON PROPERTY GROUP LP SR UNSEC 4.375% 10-01-30                                                | CUSIP: 828807DZ7<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |   3557000 | PA      | $3538190.58   | 0.02%             | 2030-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                                       | SUNOCO LP PRP 144A LIFE SUB (H) 7.875% 12-31-79/09-18-30                                        | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   9485000 | PA      | $9691640.21   | 0.05%             | 2079-12-31      | Variable      | 7.88%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 SD8402 02-01-54                                                                   | CUSIP: 3132DWKP7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  11486933 | PA      | $11732592.12  | 0.06%             | 2054-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FARM 2024-1                                                                     | FARM 2024-1 B 144A FRN 10-01-53                                                                 | CUSIP: 30335JAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   4042677 | PA      | $3534593.78   | 0.02%             | 2053-10-01      | Variable      | 5.08%                 | Yes           |                  2 | On Loan: No      |
| EOG RESOURCES INC                                                               | EOG RESOURCES INC SR UNSEC 5.95% 07-15-55                                                       | CUSIP: 26875PBA8<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |   3510000 | PA      | $3572267.40   | 0.02%             | 2055-07-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| EOG RESOURCES INC                                                               | EOG RESOURCES INC SR UNSEC 4.4% 07-15-28                                                        | CUSIP: 26875PAX9<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    558000 | PA      | $559809.04    | 0.00%             | 2028-07-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QJ3295 09-01-54                                                                   | CUSIP: 3133CTUU1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    298195 | PA      | $304709.75    | 0.00%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DC9987 01-01-55                                                                   | CUSIP: 3140AYCZ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    185869 | PA      | $189581.74    | 0.00%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST COMM_20-CX                                                  | COMM 2020-CX D 144A FRN 11-10-46                                                                | CUSIP: 12656KAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5805000 | PA      | $4420838.39   | 0.02%             | 2046-11-10      | Variable      | 2.77%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST CGCMT_23-PRM3                               | CGCMT 2023-PRM3 D 144A FRN 07-10-28                                                             | CUSIP: 17331LAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12593000 | PA      | $12648434.39  | 0.06%             | 2028-07-10      | Variable      | 6.36%                 | Yes           |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPERATING LLC                                               | ENTERPRISE PRODUCTS OPERATING LLC SR UNSEC 5.2% 01-15-36                                        | CUSIP: 29379VCL5<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   1493000 | PA      | $1501747.49   | 0.01%             | 2036-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                                                        | EAGLE FUNDING LUXCO SARL 144A LIFE SF 5.5% 08-17-30                                             | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |  53035000 | PA      | $53379727.50  | 0.25%             | 2030-08-17      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| COLOMBIA (REPUBLIC OF)                                                          | COLOMBIA GOVERNMENT INTERNATIONAL BOND 5.375% 01-21-29                                          | CUSIP: 195325ET8<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  30825000 | PA      | $30578400.00  | 0.14%             | 2029-01-21      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| COLOMBIA (REPUBLIC OF)                                                          | COLOMBIA GOVERNMENT INTERNATIONAL BOND 6.125% 01-21-31                                          | CUSIP: 195325EU5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  12215000 | PA      | $12031775.00  | 0.06%             | 2031-01-21      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                                                | BANK OF MONTREAL SR UNSEC 4.1% 12-15-27/26                                                      | CUSIP: 06368MC69<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |  12000000 | PA      | $11978280.00  | 0.06%             | 2027-12-15      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                         | BPCE SA 144A LIFE SR NON PREF 5.417% 01-13-37/36                                                | CUSIP: 05571ABF1<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |  29093000 | PA      | $28376963.08  | 0.13%             | 2037-01-13      | Variable      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| EMD FINANCE LLC                                                                 | EMD FINANCE LLC 144A LIFE SR UNSEC 4.625% 10-15-32                                              | CUSIP: 26867LAQ3<br>LEI: 529900C8KS5G529A0B76 | Long             | DBT              | CORP              | US        |   2675000 | PA      | $2637937.88   | 0.01%             | 2032-10-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| ELI LILLY AND CO                                                                | ELI LILLY & CO SR UNSEC 4.9% 10-15-35                                                           | CUSIP: 532457DE5<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   8005000 | PA      | $8004143.47   | 0.04%             | 2035-10-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                                       | SUNOCO LP 144A LIFE SR UNSEC 5.875% 03-15-34                                                    | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   8175000 | PA      | $8090503.20   | 0.04%             | 2034-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                                                       | SUNOCO LP 144A LIFE SR UNSEC 5.625% 03-15-31                                                    | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   6435000 | PA      | $6410019.33   | 0.03%             | 2031-03-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                        | SERVICE PROPERTIES TRUST 144A LIFE SR SEC 1ST LIEN 0.0% 09-30-27                                | CUSIP: 81761LAF9<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |  20502000 | PA      | $18678244.59  | 0.09%             | 2027-09-30      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| SOLSTICE ADVANCED MATERIALS INC                                                 | SOLSTICE ADVANCED MATERIALS INC 144A LIFE SR UNSEC 5.62% 09-30-33                               | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |   5775000 | PA      | $5700109.80   | 0.03%             | 2033-09-30      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QJ7363 11-01-54                                                                   | CUSIP: 3133CYFC7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     98659 | PA      | $101271.09    | 0.00%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QY7786 07-01-55                                                                   | CUSIP: 31426SUL1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   9949537 | PA      | $10150378.55  | 0.05%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELECTRICIDAD CFE                                            | COMISION FEDERAL DE ELECTRICIDAD 144A LIFE SR UNSEC 6.045% 01-28-34                             | CUSIP: 200447AQ3<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |   2637000 | PA      | $2558812.95   | 0.01%             | 2034-01-28      | Fixed         | 6.04%                 | Yes           |                  2 | On Loan: No      |
| NORTHERN STATES POWER COMPANY (MINNESOTA)                                       | NORTHERN STATES POWER CO SR SEC 1ST LIEN 4.85% 05-15-36                                         | CUSIP: 665772DB2<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |  13414000 | PA      | $13250080.92  | 0.06%             | 2036-05-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| FS COMMERCIAL TRUST FS_23-4SZN                                                  | FS 2023-4SZN D 144A FRN 11-10-39                                                                | CUSIP: 30334RAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9580000 | PA      | $9730070.70   | 0.05%             | 2039-11-10      | Variable      | 9.38%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 MA5421 07-01-54                                                                   | CUSIP: 31418FAX5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1240465 | PA      | $1265167.84   | 0.01%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QY8509 07-01-55                                                                   | CUSIP: 31426TN37<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   9204409 | PA      | $9391368.77   | 0.04%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 SL0924 03-01-55                                                                   | CUSIP: 31427NA25<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  10437694 | PA      | $10649892.56  | 0.05%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                                              | VOYAGER PARENT LLC 144A LIFE SR SEC 1ST LIEN 9.25% 07-01-32                                     | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |  11490000 | PA      | $11936260.11  | 0.06%             | 2032-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| VISTA ENERGY ARGENTINA SAU                                                      | VISTA ENERGY ARGENTINA SAU 144A LIFE SR UNSEC SF 8.5% 06-10-33                                  | CUSIP: 92841RAB6<br>LEI: 549300FE4UJNCG1DB123 | Long             | DBT              | CORP              | AR        |  23737000 | PA      | $24845517.90  | 0.12%             | 2033-06-10      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| REPSOL E&P CAPITAL MARKETS US LLC                                               | REPSOL E&P CAPITAL MARKETS US LLC 144A LIFE SR UNSEC 5.976% 09-16-35                            | CUSIP: 76026AAC1<br>LEI: 894500D0J12FRZ3Q0M15 | Long             | DBT              | CORP              | US        |  11563000 | PA      | $11775562.63  | 0.06%             | 2035-09-16      | Fixed         | 5.98%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                                     | ROYAL CARIBBEAN CRUISES LTD SR UNSEC 5.375% 01-15-36                                            | CUSIP: 78017TAB9<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | US        |  30520000 | PA      | $29996795.64  | 0.14%             | 2036-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                                             | ELEVANCE HEALTH INC SR UNSEC 5.7% 09-15-55                                                      | CUSIP: 036752BL6<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $11894350.00  | 0.06%             | 2055-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                                             | ELEVANCE HEALTH INC SR UNSEC 5.0% 01-15-36                                                      | CUSIP: 036752BK8<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |  32500000 | PA      | $31851495.00  | 0.15%             | 2036-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAS 2020-R01                                                                    | CAS 2020-R01 1B1 144A FRN 01-25-40                                                              | CUSIP: 20754CAF6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4700000 | PA      | $4765762.40   | 0.02%             | 2040-01-25      | Variable      | 7.03%                 | Yes           |                  2 | On Loan: No      |
| CONE 2024-DFW1                                                                  | CONE 2024-DFW1 D 144A FRN 08-15-41                                                              | CUSIP: 20682AAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7444000 | PA      | $7390782.84   | 0.03%             | 2041-08-15      | Variable      | 6.72%                 | Yes           |                  2 | On Loan: No      |
| EQT CORP                                                                        | EQT CORP SR UNSEC 4.75% 01-15-31                                                                | CUSIP: 26884LBD0<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   7639000 | PA      | $7602225.85   | 0.04%             | 2031-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                                        | EQT CORP SR UNSEC 4.5% 01-15-29                                                                 | CUSIP: 26884LAX7<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   1565000 | PA      | $1561622.73   | 0.01%             | 2029-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST STACR_20-HQA1                                     | STACR 2020-HQA1 B2 144A FRN 01-25-50                                                            | CUSIP: 35565JBE0<br>LEI: 549300TCRXCIFPAC3B85 | Long             | ABS-CBDO         | CORP              | US        |   3920000 | PA      | $4337107.60   | 0.02%             | 2050-01-25      | Variable      | 8.88%                 | Yes           |                  2 | On Loan: No      |
| STACR 2020-HQA2                                                                 | STACR 2020-HQA2 B2 144A FRN 03-25-50                                                            | CUSIP: 35565LBE5<br>LEI: 5493000ITBJ4KEFYWF83 | Long             | ABS-CBDO         | CORP              | US        |   3580000 | PA      | $4300503.64   | 0.02%             | 2050-03-25      | Variable      | 11.38%                | Yes           |                  2 | On Loan: No      |
| REDE DOR FINANCE SARL                                                           | REDE D'OR FINANCE SARL REG S SR UNSEC 4.95% 01-17-28                                            | CUSIP: N/A<br>LEI: 549300FDE772OLJUCP79       | Long             | DBT              | CORP              | LU        |    590000 | PA      | $583995.57    | 0.00%             | 2028-01-17      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| REDE DOR FINANCE SARL                                                           | REDE D'OR FINANCE SARL 144A LIFE SR UNSEC 4.5% 01-22-30                                         | CUSIP: 75735GAA6<br>LEI: 549300FDE772OLJUCP79 | Long             | DBT              | CORP              | LU        |   1938000 | PA      | $1851836.52   | 0.01%             | 2030-01-22      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CDX HIGH YIELD ISSUER                                                           | CDX NA HY S46 5.0% 03-20-26/06-20-31 ICE                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |         1 | NC      | $13348727.17  | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ITRAXX EUROPE ISSUER                                                            | ITRAXX EUR S45 1.0% 03-20-26/06-20-31 ICE                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |         1 | NC      | $229448.34    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL CORP                                                           | NOVARTIS CAPITAL CORP SR UNSEC 4.9% 03-18-36                                                    | CUSIP: 66989HBJ6<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |   2341000 | PA      | $2336310.98   | 0.01%             | 2036-03-18      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL CORP                                                           | NOVARTIS CAPITAL CORP SR UNSEC 5.7% 03-18-56                                                    | CUSIP: 66989HBL1<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1108637.20   | 0.01%             | 2056-03-18      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                     | ORACLE CORP CL D CV PFD 6.50% 01-15-29                                                          | CUSIP: 68389X204<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EP               | CORP              | US        |    567719 | NS      | $25553032.19  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BANQUE FEDERATIVE DU CREDIT MUTUEL SA                                           | BANQUE FEDERATIVE DU CREDIT MUTUEL SA 144A LIFE SR UNSEC 5.106% 01-15-36                        | CUSIP: 06675DCS9<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |  20940000 | PA      | $20497537.80  | 0.10%             | 2036-01-15      | Fixed         | 5.11%                 | Yes           |                  2 | On Loan: No      |
| BIOMARIN PHARMACEUTICAL INC                                                     | BIOMARIN PHARMACEUTICAL INC 144A LIFE SR UNSEC 5.5% 02-15-34                                    | CUSIP: 09061GAL5<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | DBT              | CORP              | US        |  20795000 | PA      | $20488523.29  | 0.10%             | 2034-02-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 RQ0028 07-01-55                                                                   | CUSIP: 3142J6A60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  11938832 | PA      | $12176582.04  | 0.06%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 FA1162 04-01-55                                                                   | CUSIP: 3140W1JG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1556983 | PA      | $1587988.56   | 0.01%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                            | BANK OF AMERICA CORP SR UNSEC 5.045% 02-06-37/36                                                | CUSIP: 060505GR9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        | 131044000 | PA      | $129353270.31 | 0.61%             | 2037-02-06      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                            | BANK OF AMERICA CORP SR UNSEC 4.456% 02-06-32/31                                                | CUSIP: 060505GQ1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   4800000 | PA      | $4740945.60   | 0.02%             | 2032-02-06      | Variable      | 4.46%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC                                                                | VAIL RESORTS INC 144A LIFE SR UNSEC 5.625% 07-15-30                                             | CUSIP: 91879QAQ2<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |   4840000 | PA      | $4802189.92   | 0.02%             | 2030-07-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                                              | VENTURE GLOBAL PLAQUEMINES LNG LLC 144A LIFE SR SEC 1ST LIEN 6.5% 01-15-34                      | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |  18080000 | PA      | $18858868.32  | 0.09%             | 2034-01-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                                              | VENTURE GLOBAL PLAQUEMINES LNG LLC 144A LIFE SR SEC 1ST LIEN 6.75% 01-15-36                     | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |  16345000 | PA      | $17322463.69  | 0.08%             | 2036-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                   | TRANSDIGM INC 144A LIFE SUB 6.125% 07-31-34                                                     | CUSIP: 893647CB1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |  11762000 | PA      | $11583123.50  | 0.05%             | 2034-07-31      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| DOW CHEMICAL COMPANY (THE)                                                      | DOW CHEMICAL CO SR UNSEC 5.65% 03-15-36                                                         | CUSIP: 260543DP5<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |   8652000 | PA      | $8574235.82   | 0.04%             | 2036-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL COMPANY (THE)                                                      | DOW CHEMICAL CO SR UNSEC 4.8% 01-15-31                                                          | CUSIP: 260543DN0<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |   8930000 | PA      | $8823733.00   | 0.04%             | 2031-01-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| TAKEOFF MERGER SUB INC                                                          | SUMISHO AIR LEASE CORP 144A SR UNSEC 4.85% 03-24-31                                             | CUSIP: 873923AE6<br>LEI: 984500DF5ACB4A114F45 | Long             | DBT              | CORP              | US        |   6925000 | PA      | $6841075.93   | 0.03%             | 2031-03-24      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| TAKEOFF MERGER SUB INC                                                          | SUMISHO AIR LEASE CORP 144A SR UNSEC 5.5% 03-24-36                                              | CUSIP: 873923AG1<br>LEI: 984500DF5ACB4A114F45 | Long             | DBT              | CORP              | US        |   6420000 | PA      | $6327584.10   | 0.03%             | 2036-03-24      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                                           | DIRECTV FINANCING LLC 144A LIFE SR SEC 1ST LIEN 8.875% 02-01-30                                 | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  37720000 | PA      | $37683223.00  | 0.18%             | 2030-02-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE LTD                                                     | ENERGEAN ISRAEL FINANCE LTD 144A LIFE/REG S SR SEC 1ST LIEN 5.875% 03-30-31                     | CUSIP: N/A<br>LEI: 98450044QACBL3F8EB03       | Long             | DBT              | CORP              | IL        |   4855000 | PA      | $4521888.74   | 0.02%             | 2031-03-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| BLACK PEARL COMPUTE LLC                                                         | BLACK PEARL COMPUTE LLC 144A LIFE SR SEC 1ST LIEN 6.125% 02-15-31                               | CUSIP: 09216NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  33615000 | PA      | $34255264.91  | 0.16%             | 2031-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| SRPSKA REPUBLIC OF (GOVERNMENT)                                                 | REPUBLIC OF SRPSKA INTERNATIONAL GOVERNMENT BOND EUR 144A LIFE 6.25% 04-02-31                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | BA        |   2205000 | PA      | $2561698.35   | 0.01%             | 2031-04-02      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| UNITED AIRLINES HOLDINGS INC                                                    | UNITED AIRLINES HOLDINGS INC SR UNSEC 5.375% 03-01-31                                           | CUSIP: 910047AL3<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2108219.05   | 0.01%             | 2031-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ENN CLEAN ENERGY INTERNATIONAL INVESTMENT LTD                                   | ENN CLEAN ENERGY INTERNATIONAL INVESTMENT LTD 144A LIFE SR UNSEC 3.375% 05-12-26                | CUSIP: 268733AA0<br>LEI: 3003009YZ3S5V395NR77 | Long             | DBT              | CORP              | VG        |   3670000 | PA      | $3661768.19   | 0.02%             | 2026-05-12      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| EQT CORP                                                                        | EQT CORP 144A LIFE SR UNSEC 3.625% 05-15-31                                                     | CUSIP: 26884LAN9<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   5514000 | PA      | $5149171.70   | 0.02%             | 2031-05-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| EIG PEARL HOLDINGS SARL                                                         | EIG PEARL HOLDINGS SARL REG S SR SEC 1ST LIEN SF 3.545% 08-31-36                                | CUSIP: N/A<br>LEI: 549300KIMRL45BWA5H76       | Long             | DBT              | CORP              | LU        |  10984299 | PA      | $9841975.57   | 0.05%             | 2036-08-31      | Fixed         | 3.54%                 | Yes           |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING LLC                                                 | PERMIAN RESOURCES OPERATING LLC 144A LIFE SR UNSEC 8.0% 04-15-27                                | CUSIP: 27034RAA1<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |   3960000 | PA      | $3965595.48   | 0.02%             | 2027-04-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                            | EDISON INTERNATIONAL SR UNSEC 6.95% 11-15-29                                                    | CUSIP: 281020AW7<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   1851000 | PA      | $1953904.49   | 0.01%             | 2029-11-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                                    | ECOPETROL SA SR UNSEC 8.875% 01-13-33                                                           | CUSIP: 279158AS8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |  12455000 | PA      | $13119997.36  | 0.06%             | 2033-01-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| STACR 2020-HQA4                                                                 | STACR 2020-HQA4 B2 144A FRN 09-25-50                                                            | CUSIP: 35565RBE2<br>LEI: 5493000IT4TAVS1FNX06 | Long             | ABS-CBDO         | CORP              | US        |   2916000 | PA      | $3797092.73   | 0.02%             | 2050-09-25      | Variable      | 13.18%                | Yes           |                  2 | On Loan: No      |
| SHR 2024-LXRY                                                                   | SHR 2024-LXRY D 144A FRN 10-15-41                                                               | CUSIP: 784234AG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5517867 | PA      | $5519202.32   | 0.03%             | 2041-10-15      | Variable      | 7.27%                 | Yes           |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                                          | EQUIPMENTSHARE.COM INC 144A LIFE SR SEC 2ND LIEN 9.0% 05-15-28                                  | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |  12270000 | PA      | $12689400.87  | 0.06%             | 2028-05-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING LLC                                                 | PERMIAN RESOURCES OPERATING LLC 144A LIFE SR UNSEC 9.875% 07-15-31                              | CUSIP: 27034RAC7<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |   6846000 | PA      | $7270102.85   | 0.03%             | 2031-07-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 MA5445 08-01-54                                                                   | CUSIP: 31418FBP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    739701 | PA      | $755058.95    | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DB6901 07-01-54                                                                   | CUSIP: 3140AGU36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    268403 | PA      | $273794.37    | 0.00%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DD4459 04-01-55                                                                   | CUSIP: 3140B45V8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   4876447 | PA      | $4974639.26   | 0.02%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 QY6303 06-01-55                                                                   | CUSIP: 31426RAD3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  11510770 | PA      | $11739995.47  | 0.06%             | 2055-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 MA5354 05-01-54                                                                   | CUSIP: 31418E5Q9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  19351562 | PA      | $19760190.03  | 0.09%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DB6905 07-01-54                                                                   | CUSIP: 3140AGU77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   5909998 | PA      | $6036140.81   | 0.03%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REDE DOR FINANCE SARL                                                           | REDE D'OR FINANCE SARL REG S SR UNSEC 4.5% 01-22-30                                             | CUSIP: N/A<br>LEI: 549300FDE772OLJUCP79       | Long             | DBT              | CORP              | LU        |   2590000 | PA      | $2474848.60   | 0.01%             | 2030-01-22      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC                                                           | REPUBLIC SERVICES INC SR UNSEC 1.45% 02-15-31                                                   | CUSIP: 760759AX8<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |   5030000 | PA      | $4365340.83   | 0.02%             | 2031-02-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| SWCH 2025-DATA                                                                  | SWCH 2025-DATA E 144A FRN 02-15-42                                                              | CUSIP: 78489CAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7000000 | PA      | $6896771.00   | 0.03%             | 2042-02-15      | Variable      | 7.01%                 | Yes           |                  2 | On Loan: No      |
| SWCH 2025-DATA                                                                  | SWCH 2025-DATA D 144A FRN 02-15-42                                                              | CUSIP: 78489CAD1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8505000 | PA      | $8385742.89   | 0.04%             | 2042-02-15      | Variable      | 6.31%                 | Yes           |                  2 | On Loan: No      |
| ENEL FINANCE INTERNATIONAL NV                                                   | ENEL FINANCE INTERNATIONAL NV 144A LIFE SR UNSEC 5.0% 09-30-35                                  | CUSIP: 29278GBH0<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   4100000 | PA      | $3977701.10   | 0.02%             | 2035-09-30      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC                                                     | ION PLATFORM FINANCE US INC 144A LIFE SR SEC 1ST LIEN 4.625% 05-01-28                           | CUSIP: 46206AAC6<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |   4009000 | PA      | $3742974.79   | 0.02%             | 2028-05-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                                        | FLORIDA POWER & LIGHT CO SR SEC 1ST LIEN 5.7% 03-15-55                                          | CUSIP: 341081GY7<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   4551000 | PA      | $4535804.21   | 0.02%             | 2055-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| FORESTAR GROUP INC                                                              | FORESTAR GROUP INC 144A LIFE SR UNSEC 6.5% 03-15-33                                             | CUSIP: 346232AG6<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |   7560000 | PA      | $7480809.00   | 0.04%             | 2033-03-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 MA5532 11-01-54                                                                   | CUSIP: 31418FEE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    791450 | PA      | $807535.88    | 0.00%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 DC0901 08-01-54                                                                   | CUSIP: 3140ANAB5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    883796 | PA      | $904862.43    | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 5.5% 07-01-38                                              | CUSIP: 74526QVE9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1000000 | PA      | $665000.00    | 0.00%             | 2038-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP                                            | PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE 0.0% 07-01-46                            | CUSIP: 74529JQG3<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | PR        |  14270000 | PA      | $5025280.39   | 0.02%             | 2046-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                            | EDISON INTERNATIONAL SUB (H) 7.875% 06-15-54/29                                                 | CUSIP: 281020AZ0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   8600000 | PA      | $8815584.80   | 0.04%             | 2054-06-15      | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                                    | ECOPETROL SA SR UNSEC 8.375% 01-19-36                                                           | CUSIP: 279158AV1<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   4350000 | PA      | $4414084.20   | 0.02%             | 2036-01-19      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL CORP                                                           | NOVARTIS CAPITAL CORP SR UNSEC 5.6% 03-18-46                                                    | CUSIP: 66989HBK3<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    298000 | PA      | $298671.99    | 0.00%             | 2046-03-18      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                                                               | NEXSTAR MEDIA INC 144A LIFE SR SEC 1ST LIEN 6.5% 09-15-33                                       | CUSIP: 65346UAB5<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |  59550000 | PA      | $60039739.20  | 0.28%             | 2033-09-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SCG 2025-SNIP                                                                   | SCG 2025-SNIP A 144A FRN 09-15-42                                                               | CUSIP: 78398JAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  17826000 | PA      | $17852435.96  | 0.08%             | 2042-09-15      | Variable      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| SEMT 2025-HYB1                                                                  | SEMT 2025-HYB1 A1A 144A FRN 10-25-55                                                            | CUSIP: 816938AB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12445942 | PA      | $12448369.02  | 0.06%             | 2055-10-25      | Variable      | 5.03%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_19-4                                             | TPMT 2019-4 M1B 144A FRN 10-25-59                                                               | CUSIP: 89178BAS3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3000000 | PA      | $2556525.00   | 0.01%             | 2059-10-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| TRICON RESIDENTIAL TRUST TCN_23-SFR1                                            | TCN 2023-SFR1 E 144A 7.977% 07-17-40                                                            | CUSIP: 89616WAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1087000 | PA      | $1092003.46   | 0.01%             | 2040-07-17      | Fixed         | 7.98%                 | Yes           |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-34                                              | CUSIP: 74526QYX4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    550000 | PA      | $365750.00    | 0.00%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                   | FORD MOTOR CREDIT CO LLC SR UNSEC 5.918% 03-20-28                                               | CUSIP: 345397G72<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  14305000 | PA      | $14491723.17  | 0.07%             | 2028-03-20      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                   | FORD MOTOR CREDIT CO LLC SR UNSEC 6.532% 03-19-32                                               | CUSIP: 345397G98<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  16780000 | PA      | $17228260.92  | 0.08%             | 2032-03-19      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLDINGS LLC                                                   | FREEDOM MORTGAGE HOLDINGS LLC 144A LIFE SR UNSEC 9.25% 02-01-29                                 | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |  11195000 | PA      | $11355032.53  | 0.05%             | 2029-02-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                                            | FIESTA PURCHASER INC 144A LIFE SR SEC 1ST LIEN 7.875% 03-01-31                                  | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6320000 | PA      | $6439403.76   | 0.03%             | 2031-03-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                           | FNCL UMBS 6.0 FS8600 07-01-54                                                                   | CUSIP: 3140XQRW9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  11653790 | PA      | $11975644.66  | 0.06%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 SD8432 05-01-54                                                                   | CUSIP: 3132DWLM3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   6373987 | PA      | $6502193.77   | 0.03%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FARM 2024-2                                                                     | FARM 2024-2 B 144A FRN 08-01-54                                                                 | CUSIP: 307910AE9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   2891436 | PA      | $2545186.94   | 0.01%             | 2054-08-01      | Variable      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                 | FNCL UMBS 6.0 SD8495 12-01-54                                                                   | CUSIP: 3132DWNL3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    205649 | PA      | $209745.95    | 0.00%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UBS COMMERCIAL MORTGAGE TRUST UBSCM_17-C3                                       | UBSCM 2017-C3 C FRN 08-15-50                                                                    | CUSIP: 90276GAY8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3064890 | PA      | $2893151.95   | 0.01%             | 2050-08-15      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| VERUS_24-1                                                                      | VERUS 2024-1 B1 144A FRN 01-25-69                                                               | CUSIP: 92540EAE3<br>LEI: 984500A3F1D749452747 | Long             | ABS-CBDO         | CORP              | US        |   2260000 | PA      | $2284466.76   | 0.01%             | 2069-01-25      | Variable      | 7.91%                 | Yes           |                  2 | On Loan: No      |
| TPG OPERATING GROUP II LP                                                       | TPG OPERATING GROUP II LP SR UNSEC 5.375% 01-15-36                                              | CUSIP: 872652AB8<br>LEI: 2549001H9RJQNZT7MU11 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1935714.00   | 0.01%             | 2036-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                   | TRANSDIGM INC 144A LIFE SR SEC 1ST LIEN 6.25% 01-31-34                                          | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   4655000 | PA      | $4710166.41   | 0.02%             | 2034-01-31      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                                                 | FAIR ISAAC CORP 144A LIFE SR UNSEC 6.0% 05-15-33                                                | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |  14030000 | PA      | $13774948.63  | 0.06%             | 2033-05-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                   | FORD MOTOR CREDIT CO LLC SR UNSEC 5.73% 09-05-30                                                | CUSIP: 345397H48<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  38685000 | PA      | $38661866.37  | 0.18%             | 2030-09-05      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                   | FORD MOTOR CREDIT CO LLC SR UNSEC 5.869% 10-31-35                                               | CUSIP: 345397H89<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  14349000 | PA      | $13782917.60  | 0.06%             | 2035-10-31      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| FXI HOLDINGS INC                                                                | FXI HOLDINGS INC 144A LIFE SR SEC 1ST LIEN 11.0% 11-15-30                                       | CUSIP: 36120RAG4<br>LEI: 549300VLKCUZW3MSVS50 | Long             | DBT              | CORP              | US        |  22567422 | PA      | $20085005.58  | 0.09%             | 2030-11-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                   | TRANSDIGM INC 144A LIFE SUB 6.75% 01-31-34                                                      | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |  21140000 | PA      | $21432894.70  | 0.10%             | 2034-01-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| FXI HOLDINGS INC                                                                | FXI HOLDINGS INC 144A LIFE PIK 16.0% 11-15-29                                                   | CUSIP: 36120RAJ8<br>LEI: 549300VLKCUZW3MSVS50 | Long             | DBT              | CORP              | US        |  12234746 | PA      | $6423241.65   | 0.03%             | 2029-11-15      | Variable      | 16.00%                | Yes           |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                                        | FLORIDA POWER & LIGHT CO SR SEC 1ST LIEN 4.7% 02-15-36                                          | CUSIP: 341081HA8<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |  14257000 | PA      | $13902841.86  | 0.07%             | 2036-02-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC                                                            | FREEPORT-MCMORAN INC SR UNSEC 5.45% 03-15-43                                                    | CUSIP: 35671DBC8<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    223000 | PA      | $211156.92    | 0.00%             | 2043-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CO                                                                   | FORD MOTOR CO SR UNSEC 5.291% 12-08-46                                                          | CUSIP: 345370CS7<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   8717000 | PA      | $6828967.54   | 0.03%             | 2046-12-08      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| FMBT 2024-FBLU                                                                  | FMBT 2024-FBLU F 144A FRN 12-15-39                                                              | CUSIP: 34461WAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12195000 | PA      | $12271877.28  | 0.06%             | 2039-12-15      | Variable      | 7.92%                 | Yes           |                  2 | On Loan: No      |
| FMBT 2024-FBLU                                                                  | FMBT 2024-FBLU A 144A FRN 12-15-39                                                              | CUSIP: 34461WAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6704674 | PA      | $6710788.66   | 0.03%             | 2039-12-15      | Variable      | 5.12%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                   | FORD MOTOR CREDIT CO LLC SR UNSEC 3.815% 11-02-27                                               | CUSIP: 345397YT4<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  14275000 | PA      | $13994010.90  | 0.07%             | 2027-11-02      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CO                                                                   | FORD MOTOR CO SR UNSEC 4.75% 01-15-43                                                           | CUSIP: 345370CQ1<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   4833000 | PA      | $3654033.15   | 0.02%             | 2043-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC                                                     | ION PLATFORM FINANCE US INC 144A LIFE SR SEC 1ST LIEN 5.0% 05-01-28                             | CUSIP: 46206AAE2<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1402638.00   | 0.01%             | 2028-05-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| EMBARQ LLC                                                                      | EMBARQ LLC SR UNSEC 7.995% 06-01-36                                                             | CUSIP: 29078EAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12515000 | PA      | $4013310.20   | 0.02%             | 2036-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                            | EDISON INTERNATIONAL SR UNSEC 4.125% 03-15-28                                                   | CUSIP: 281020AM9<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   8475000 | PA      | $8334086.18   | 0.04%             | 2028-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ELEMENT SOLUTIONS INC                                                           | ELEMENT SOLUTIONS INC 144A LIFE SR UNSEC 3.875% 09-01-28                                        | CUSIP: 28618MAA4<br>LEI: 549300FLGN6P5CU20J91 | Long             | DBT              | CORP              | US        |  11360000 | PA      | $11067854.88  | 0.05%             | 2028-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                                                               | NEXSTAR MEDIA INC 144A LIFE SR UNSEC 7.25% 04-15-34                                             | CUSIP: 65346UAA7<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |  48882000 | PA      | $49079336.63  | 0.23%             | 2034-04-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ORANGE                                                                          | ORANGE SA 144A LIFE SR UNSEC 4.75% 01-13-33                                                     | CUSIP: 685218AE9<br>LEI: 969500MCOONR8990S771 | Long             | DBT              | CORP              | FR        |   8991000 | PA      | $8893735.36   | 0.04%             | 2033-01-13      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                   | FORD MOTOR CREDIT CO LLC SR UNSEC 6.125% 03-08-34                                               | CUSIP: 345397E66<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   9517000 | PA      | $9430699.84   | 0.04%             | 2034-03-08      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | MORGAN STANLEY SR UNSEC 4.994% 04-12-29/28                                                      | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2282000 | PA      | $2303213.47   | 0.01%             | 2029-04-12      | Variable      | 4.99%                 | No            |                  2 | On Loan: No      |
| ENFRAGEN ENERGIA SUR SA                                                         | ENFRAGEN ENERGIA SUR SA REG S SR SEC 1ST LIEN 5.375% 12-30-30                                   | CUSIP: N/A<br>LEI: 2549002TO75PYMY3VY07       | Long             | DBT              | CORP              | ES        |   6100000 | PA      | $5560564.80   | 0.03%             | 2030-12-30      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                   | FORD MOTOR CREDIT CO LLC SR UNSEC 7.122% 11-07-33                                               | CUSIP: 345397D67<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  25117000 | PA      | $26397213.49  | 0.12%             | 2033-11-07      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRUST WFRBS_14-C22                                   | WFRBS 14-C22 AS FRN 09-15-57/09-17-24                                                           | CUSIP: 92890KBC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2928198 | PA      | $2799228.04   | 0.01%             | 2057-09-15      | Variable      | 4.07%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST WFCM_16-C35                               | WFCM 2016-C35 C FRN 07-15-48                                                                    | CUSIP: 95000FAZ9<br>LEI: 549300MZIB10PDVAE312 | Long             | ABS-CBDO         | CORP              | US        |   6158000 | PA      | $6096229.10   | 0.03%             | 2048-07-15      | Variable      | 4.18%                 | No            |                  2 | On Loan: No      |
| JW 2024-BERY                                                                    | JW 2024-BERY B 144A FRN 11-15-39                                                                | CUSIP: 46676AAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  16360000 | PA      | $16395844.76  | 0.08%             | 2039-11-15      | Variable      | 5.61%                 | Yes           |                  2 | On Loan: No      |
| JW 2024-BERY                                                                    | JW 2024-BERY C 144A FRN 11-15-39                                                                | CUSIP: 46676AAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5469000 | PA      | $5485532.79   | 0.03%             | 2039-11-15      | Variable      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | MORGAN STANLEY SR UNSEC 5.192% 04-17-31/30                                                      | CUSIP: 61747YFZ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1720000 | PA      | $1746032.20   | 0.01%             | 2031-04-17      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                     | MEXICO GOVERNMENT INTERNATIONAL BOND 5.85% 07-02-32                                             | CUSIP: 91087BBE9<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   3258000 | PA      | $3273801.30   | 0.02%             | 2032-07-02      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| JW 2024-BERY                                                                    | JW 2024-BERY A 144A FRN 11-15-39                                                                | CUSIP: 46676AAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8913000 | PA      | $8924631.47   | 0.04%             | 2039-11-15      | Variable      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| BENIN ( REPUBLIC OF)                                                            | BENIN GOVERNMENT INTERNATIONAL BOND 144A LIFE SF 7.96% 02-13-38                                 | CUSIP: 08205QAA6<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |   8000000 | PA      | $7863720.00   | 0.04%             | 2038-02-13      | Fixed         | 7.96%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                         | GOLDMAN SACHS GROUP INC SR UNSEC 5.727% 04-25-30/29                                             | CUSIP: 38141GA87<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   4792000 | PA      | $4944740.21   | 0.02%             | 2030-04-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP                                                               | GENESIS ENERGY LP SR UNSEC 7.875% 05-15-32                                                      | CUSIP: 37185LAQ5<br>LEI: 549300VJ5D6MDK138782 | Long             | DBT              | CORP              | US        |   5795000 | PA      | $5963460.65   | 0.03%             | 2032-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                                                      | GRIFOLS SA EUR 144A LIFE SR SEC 1ST LIEN 7.5% 05-01-30                                          | CUSIP: N/A<br>LEI: 959800HSSNXWRKBK4N60       | Long             | DBT              | CORP              | ES        |  15299000 | PA      | $18339932.01  | 0.09%             | 2030-05-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                                  | GRAY MEDIA INC 144A LIFE SR SEC 1ST LIEN 10.5% 07-15-29                                         | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |  14899000 | PA      | $15841287.26  | 0.07%             | 2029-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                         | GOLDMAN SACHS GROUP INC SR UNSEC 5.33% 07-23-35/34                                              | CUSIP: 38141GB37<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3954000 | PA      | $3968724.70   | 0.02%             | 2035-07-23      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDCO SARL                                                  | GREENSAIF PIPELINES BIDCO SARL 144A LIFE SR SEC 1ST LIEN SF 5.8528% 02-23-36                    | CUSIP: 39541EAD5<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |  29550000 | PA      | $29688530.40  | 0.14%             | 2036-02-23      | Fixed         | 5.85%                 | Yes           |                  2 | On Loan: No      |
| GULFPORT ENERGY OPERATING CORP                                                  | GULFPORT ENERGY OPERATING CORP 144A LIFE SR UNSEC 6.75% 09-01-29                                | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |   5153000 | PA      | $5276517.41   | 0.02%             | 2029-09-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| GENERAL MOTORS FINANCIAL CO INC                                                 | GENERAL MOTORS FINANCIAL CO INC SR UNSEC 5.45% 09-06-34                                         | CUSIP: 37045XFA9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |  16723000 | PA      | $16594985.44  | 0.08%             | 2034-09-06      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| GENTING NEW YORK LLC / GENNY CAPITAL INC                                        | GENTING NEW YORK LLC 144A LIFE SR UNSEC 7.25% 10-01-29                                          | CUSIP: 37255JAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3525000 | PA      | $3541179.75   | 0.02%             | 2029-10-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| MAGNERA CORP                                                                    | MAGNERA CORP 144A LIFE SR SEC 1ST LIEN 7.25% 11-15-31                                           | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |  38715000 | PA      | $35877384.08  | 0.17%             | 2031-11-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                         | GOLDMAN SACHS GROUP INC SR UNSEC 5.016% 10-23-35/34                                             | CUSIP: 38141GB78<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  16825000 | PA      | $16519474.83  | 0.08%             | 2035-10-23      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY CORP                                                       | GARDA WORLD SECURITY CORP 144A LIFE SR UNSEC 8.375% 11-15-32                                    | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   4135000 | PA      | $4141446.47   | 0.02%             | 2032-11-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| GREAT CANADIAN GAMING CORP                                                      | GREAT CANADIAN GAMING CORP 144A LIFE SR SEC 1ST LIEN 8.75% 11-15-29                             | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | CA        |   5625000 | PA      | $5491276.88   | 0.03%             | 2029-11-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                                                             | GILEAD SCIENCES INC SR UNSEC 5.1% 06-15-35                                                      | CUSIP: 375558CC5<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |  21255000 | PA      | $21482322.23  | 0.10%             | 2035-06-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINANCIAL CO INC                                                 | GENERAL MOTORS FINANCIAL CO INC SR UNSEC 5.9% 01-07-35                                          | CUSIP: 37045XFC5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   4557000 | PA      | $4640648.29   | 0.02%             | 2035-01-07      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| GEOPARK LTD                                                                     | GEOPARK LTD REG S SR UNSEC 8.75% 01-31-30                                                       | CUSIP: N/A<br>LEI: 529900ZR5QI19AH4KZ07       | Long             | DBT              | CORP              | CO        |   1494000 | PA      | $1472940.58   | 0.01%             | 2030-01-31      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| LYB INTERNATIONAL FINANCE III LLC                                               | LYB INTERNATIONAL FINANCE III LLC SR UNSEC 5.5% 03-01-34                                        | CUSIP: 50249AAM5<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |   8847000 | PA      | $8797961.08   | 0.04%             | 2034-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LIMAK CIMENTO SANAYI VE TICARET AS                                              | LIMAK CIMENTO SANAYI VE TICARET AS REG S SR UNSEC 9.75% 07-25-29                                | CUSIP: N/A<br>LEI: 789000EEUQIGHI88WH47       | Long             | DBT              | CORP              | TR        |  18449000 | PA      | $18224457.22  | 0.09%             | 2029-07-25      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| LIGHT SERVICOS DE ELETRICIDADE SA                                               | LIGHT SERVICOS DE ELETRICIDADE SA SR SEC 1ST LIEN SF 4.21% 12-19-32                             | CUSIP: 53222MAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | BR        |   1526128 | PA      | $1072104.92   | 0.01%             | 2032-12-19      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                                               | LITHIA MOTORS INC 144A LIFE SR UNSEC 3.875% 06-01-29                                            | CUSIP: 536797AG8<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |   5175000 | PA      | $4918314.83   | 0.02%             | 2029-06-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| LADDER CAPITAL FINANCE HOLDINGS LLLP                                            | LADDER CAPITAL FINANCE HOLDINGS LLLP 144A LIFE SR UNSEC 4.75% 06-15-29                          | CUSIP: 505742AP1<br>LEI: 254900TBF2Z4GR7NSX02 | Long             | DBT              | CORP              | US        |   1786000 | PA      | $1732119.95   | 0.01%             | 2029-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| LAMB WESTON HOLDINGS INC                                                        | LAMB WESTON HOLDINGS INC 144A LIFE SR UNSEC 4.125% 01-31-30                                     | CUSIP: 513272AD6<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |  14860000 | PA      | $14157448.92  | 0.07%             | 2030-01-31      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| LAMB WESTON HOLDINGS INC                                                        | LAMB WESTON HOLDINGS INC 144A LIFE SR UNSEC 4.375% 01-31-32                                     | CUSIP: 513272AE4<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    735000 | PA      | $683562.50    | 0.00%             | 2032-01-31      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST WFCM_15-LC22                              | WFCM 2015-LC22 C FRN 09-15-58                                                                   | CUSIP: 94989TBF0<br>LEI: 549300XO83D3BDYP0P62 | Long             | ABS-CBDO         | CORP              | US        |     21425 | PA      | $20433.54     | 0.00%             | 2058-09-15      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST WFCM_16-NXS5                              | WFCM 2016-NXS5 B FRN 01-15-59                                                                   | CUSIP: 95000CBG7<br>LEI: 549300SGFUCMB43V8P22 | Long             | ABS-CBDO         | CORP              | US        |   3328339 | PA      | $3235218.90   | 0.02%             | 2059-01-15      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| ORANGE                                                                          | ORANGE SA 144A LIFE SR UNSEC 5.75% 01-13-56                                                     | CUSIP: 685218AG4<br>LEI: 969500MCOONR8990S771 | Long             | DBT              | CORP              | FR        |    938000 | PA      | $932182.52    | 0.00%             | 2056-01-13      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ORANGE                                                                          | ORANGE SA 144A LIFE SR UNSEC 5.0% 01-13-36                                                      | CUSIP: 685218AF6<br>LEI: 969500MCOONR8990S771 | Long             | DBT              | CORP              | FR        |  43774000 | PA      | $43012463.72  | 0.20%             | 2036-01-13      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST WFCM_17-C40                               | WFCM 2017-C40 C FRN 10-15-50                                                                    | CUSIP: 95000YBD6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4914000 | PA      | $4591184.60   | 0.02%             | 2050-10-15      | Variable      | 4.44%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST WFCM_18-C46                               | WFCM 2018-C46 B 4.633% 08-15-51                                                                 | CUSIP: 95001QAY7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2808000 | PA      | $2699467.99   | 0.01%             | 2051-08-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP                                                                | FIRSTENERGY CORP SR UNSEC 2.65% 03-01-30                                                        | CUSIP: 337932AL1<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |  16545000 | PA      | $15323730.83  | 0.07%             | 2030-03-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC                                                            | FREEPORT-MCMORAN INC SR UNSEC 4.25% 03-01-30                                                    | CUSIP: 35671DCF0<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    188000 | PA      | $184350.17    | 0.00%             | 2030-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS II LLC                                                 | LCM INVESTMENTS HOLDINGS II LLC 144A LIFE SR UNSEC 8.25% 08-01-31                               | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |   7830000 | PA      | $8157019.95   | 0.04%             | 2031-08-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| LIGHT AND WONDER INTERNATIONAL INC                                              | LIGHT & WONDER INTERNATIONAL INC 144A LIFE SR UNSEC 7.5% 09-01-31                               | CUSIP: 531968AA3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   5195000 | PA      | $5334589.65   | 0.03%             | 2031-09-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| MEXICO CITY AIRPORT TRUST                                                       | MEXICO CITY AIRPORT TRUST REG S SR SEC 1ST LIEN 3.875% 04-30-28                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | MX        |   5000000 | PA      | $4906850.00   | 0.02%             | 2028-04-30      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| MPT OPERATING PARTNERSHIP LP                                                    | MPT OPERATING PARTNERSHIP LP SR UNSEC 4.625% 08-01-29                                           | CUSIP: 55342UAJ3<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |   5870000 | PA      | $4571262.50   | 0.02%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WFCM 2019-C54                                                                   | WFCM 2019-C54 C 3.81% 12-15-52                                                                  | CUSIP: 95001YAK0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1935000 | PA      | $1684560.69   | 0.01%             | 2052-12-15      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| WMRK COMMERCIAL MORTGAGE TRUST WMRK_22-WMRK                                     | WMRK 2022-WMRK A 144A FRN 11-15-27                                                              | CUSIP: 929342AA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12891983 | PA      | $12922008.84  | 0.06%             | 2027-11-15      | Variable      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORP                                                                     | ORACLE CORP SR UNSEC 5.35% 05-04-33                                                             | CUSIP: 68389XDY8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  31319000 | PA      | $30499569.68  | 0.14%             | 2033-05-04      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                     | ORACLE CORP SR UNSEC 4.95% 02-04-31                                                             | CUSIP: 68389XDX0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  46913000 | PA      | $45917506.14  | 0.22%             | 2031-02-04      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                     | ORACLE CORP SR UNSEC 6.7% 02-04-56                                                              | CUSIP: 68389XEB7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  30193000 | PA      | $28044073.61  | 0.13%             | 2056-02-04      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                     | ORACLE CORP SR UNSEC 6.55% 02-04-46                                                             | CUSIP: 68389XEA9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  18937000 | PA      | $17679583.20  | 0.08%             | 2046-02-04      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                                       | IQVIA INC 144A LIFE SR UNSEC 6.25% 06-01-32                                                     | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |  14900000 | PA      | $15149440.90  | 0.07%             | 2032-06-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| IMPERIAL BRANDS FINANCE PLC                                                     | IMPERIAL BRANDS FINANCE PLC 144A LIFE SR UNSEC (B) 6.375% 07-01-55                              | CUSIP: 45262BAL7<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |   5026000 | PA      | $5012806.75   | 0.02%             | 2055-07-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORP                                                                     | ORACLE CORP SR UNSEC 5.7% 02-04-36                                                              | CUSIP: 68389XDZ5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  66668000 | PA      | $64129415.90  | 0.30%             | 2036-02-04      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| OAK-EAGLE ACQUIRECO INC                                                         | OAK-EAGLE ACQUIRECO INC 144A LIFE SR SEC 1ST LIEN 7.25% 07-01-33                                | CUSIP: 67124CAA1<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |  11120000 | PA      | $11528593.28  | 0.05%             | 2033-07-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| OAK-EAGLE ACQUIRECO INC                                                         | OAK-EAGLE ACQUIRECO INC 144A LIFE SR UNSEC 8.75% 07-01-34                                       | CUSIP: 67124CAB9<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |  11480000 | PA      | $12025839.56  | 0.06%             | 2034-07-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| METHANEX CORP                                                                   | METHANEX CORP SR UNSEC 5.25% 12-15-29                                                           | CUSIP: 59151KAL2<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |   3400000 | PA      | $3367880.20   | 0.02%             | 2029-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                                                      | VIASAT INC 144A LIFE SR SEC 1ST LIEN 5.625% 04-15-27                                            | CUSIP: 92552VAL4<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |  14325000 | PA      | $14239408.13  | 0.07%             | 2027-04-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                              | VICI PROPERTIES LP 144A LIFE SR UNSEC 4.125% 08-15-30                                           | CUSIP: 92564RAE5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |    852000 | PA      | $816202.37    | 0.00%             | 2030-08-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                                                | PARAMOUNT GLOBAL SR UNSEC 4.95% 05-19-50                                                        | CUSIP: 92556HAC1<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $597295.00    | 0.00%             | 2050-05-19      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FINANCE PLC                                                     | IMPERIAL BRANDS FINANCE PLC 144A LIFE SR UNSEC 5.62% 07-01-35                                   | CUSIP: 45262BAK9<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |   1050000 | PA      | $1059297.75   | 0.00%             | 2035-07-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                                           | MOLINA HEALTHCARE INC 144A LIFE SR UNSEC 4.375% 06-15-28                                        | CUSIP: 60855RAJ9<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4837965.00   | 0.02%             | 2028-06-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| VIASAT INC                                                                      | VIASAT INC 144A LIFE SR UNSEC 6.5% 07-15-28                                                     | CUSIP: 92552VAN0<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $989004.00    | 0.00%             | 2028-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| WASTE PRO USA INC                                                               | WASTE PRO USA INC 144A LIFE SR UNSEC 7.0% 02-01-33                                              | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |   3945000 | PA      | $3999247.70   | 0.02%             | 2033-02-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | MORGAN STANLEY SUB 5.942% 02-07-39/34                                                           | CUSIP: 61747YFM2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   6429000 | PA      | $6574880.44   | 0.03%             | 2039-02-07      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                                                        | MICROCHIP TECHNOLOGY INC SR UNSEC 5.05% 03-15-29                                                | CUSIP: 595017BE3<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   4647000 | PA      | $4715194.73   | 0.02%             | 2029-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                                          | WESCO DISTRIBUTION INC 144A LIFE SR UNSEC 6.375% 03-15-33                                       | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   5515000 | PA      | $5623215.33   | 0.03%             | 2033-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & CO                                                                | WELLS FARGO & CO SR UNSEC 5.605% 04-23-36/35                                                    | CUSIP: 95000U3V3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   4773000 | PA      | $4886067.60   | 0.02%             | 2036-04-23      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                             | MEDLINE BORROWER LP 144A LIFE SR SEC 1ST LIEN 6.25% 04-01-29                                    | CUSIP: 58506DAA6<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   8188000 | PA      | $8353667.80   | 0.04%             | 2029-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| MITER BRANDS ACQUISITION HOLDCO INC                                             | MITER BRANDS ACQUISITION HOLDCO INC 144A LIFE SR SEC 1ST LIEN 6.75% 04-01-32                    | CUSIP: 60672JAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5170000 | PA      | $4954814.26   | 0.02%             | 2032-04-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE LTD                                                       | MELCO RESORTS FINANCE LTD 144A LIFE SR UNSEC 7.625% 04-17-32                                    | CUSIP: 58547DAH2<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | HK        |   5400000 | PA      | $5484375.00   | 0.03%             | 2032-04-17      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUTIONS HOLDING COMPANY                                      | MAUSER PACKAGING SOLUTIONS HOLDING CO 144A LIFE SR SEC 1ST LIEN 7.875% 04-15-27                 | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |  13280000 | PA      | $12765400.00  | 0.06%             | 2027-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| WALMART INC                                                                     | WALMART INC SR UNSEC 4.9% 04-28-35                                                              | CUSIP: 931142FP3<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   8350000 | PA      | $8469705.60   | 0.04%             | 2035-04-28      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                        | DISCOVERY GLOBAL HOLDINGS INC SR UNSEC 5.141% 03-15-52                                          | CUSIP: 55903VBU6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1394000 | PA      | $848597.50    | 0.00%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                                                  | MASTERCARD INC SR UNSEC 4.875% 05-09-34                                                         | CUSIP: 57636QAZ7<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |   5454000 | PA      | $5487198.50   | 0.03%             | 2034-05-09      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MANAPPURAM FINANCE LTD                                                          | MANAPPURAM FINANCE LTD REG S SR SEC 1ST LIEN SF 7.375% 05-12-28                                 | CUSIP: N/A<br>LEI: 335800JL5WTUSKOSPN77       | Long             | DBT              | CORP              | IN        |   3968000 | PA      | $3994891.14   | 0.02%             | 2028-05-12      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| META PLATFORMS INC                                                              | META PLATFORMS INC SR UNSEC 5.4% 08-15-54                                                       | CUSIP: 30303M8V7<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   5275000 | PA      | $4781608.15   | 0.02%             | 2054-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL INC                                                      | MARRIOTT INTERNATIONAL INC SR UNSEC 5.35% 03-15-35                                              | CUSIP: 571903BS1<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   6540000 | PA      | $6585099.84   | 0.03%             | 2035-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                                                  | MASTERCARD INC SR UNSEC 4.55% 01-15-35                                                          | CUSIP: 57636QBC7<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |  16021000 | PA      | $15743356.07  | 0.07%             | 2035-01-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | MORGAN STANLEY SR UNSEC 1.928% 04-28-32/31                                                      | CUSIP: 6174468X0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   5207000 | PA      | $4515218.81   | 0.02%             | 2032-04-28      | Variable      | 1.93%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                             | MEDLINE BORROWER LP 144A LIFE SR SEC 1ST LIEN 3.875% 04-01-29                                   | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |  26745000 | PA      | $25887073.89  | 0.12%             | 2029-04-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                             | MEDLINE BORROWER LP 144A LIFE SR UNSEC 5.25% 10-01-29                                           | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |  22060000 | PA      | $21879063.88  | 0.10%             | 2029-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                                           | MINERAL RESOURCES LTD 144A LIFE SR UNSEC 8.0% 11-01-27                                          | CUSIP: 603051AC7<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   1645000 | PA      | $1667485.51   | 0.01%             | 2027-11-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| META PLATFORMS INC                                                              | META PLATFORMS INC SR UNSEC 4.45% 08-15-52                                                      | CUSIP: 30303M8J4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |  38715000 | PA      | $30479390.34  | 0.14%             | 2052-08-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                        | MARS INC 144A LIFE SR UNSEC 4.75% 04-20-33                                                      | CUSIP: 571676AV7<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99508.40     | 0.00%             | 2033-04-20      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| WMG ACQUISITION CORP                                                            | WMG ACQUISITION CORP 144A LIFE SR SEC 1ST LIEN 3.875% 07-15-30                                  | CUSIP: 92933BAQ7<br>LEI: 549300NAS11NXI33CP80 | Long             | DBT              | CORP              | US        |   3320000 | PA      | $3122914.84   | 0.01%             | 2030-07-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| COLUMBUS MCKINNON CORP/NY                                                       | COLUMBUS MCKINNON CORP 144A LIFE SR SEC 1ST LIEN 7.125% 02-01-33                                | CUSIP: 199333AK1<br>LEI: 549300W3HQB0HO1F3G69 | Long             | DBT              | CORP              | US        |   4770000 | PA      | $4772265.75   | 0.02%             | 2033-02-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                                      | CAPITAL ONE FINANCIAL CORP SR UNSEC 5.399% 01-30-37/36                                          | CUSIP: 14040HDQ5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  43820000 | PA      | $42957184.20  | 0.20%             | 2037-01-30      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                        | DISCOVERY GLOBAL HOLDINGS INC SR UNSEC 5.05% 03-15-42                                           | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |  58984000 | PA      | $39006473.10  | 0.18%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                        | DISCOVERY GLOBAL HOLDINGS INC SR UNSEC 4.279% 03-15-32                                          | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |  13960000 | PA      | $12372050.00  | 0.06%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| MV24 CAPITAL BV                                                                 | MV24 CAPITAL BV REG S SR SEC 1ST LIEN SF 6.748% 06-01-34                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | NL        |   5685494 | PA      | $5678159.47   | 0.03%             | 2034-06-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| METHANEX CORP                                                                   | METHANEX CORP SR UNSEC 5.125% 10-15-27                                                          | CUSIP: 59151KAM0<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |   9223000 | PA      | $9170982.28   | 0.04%             | 2027-10-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                                           | MOLINA HEALTHCARE INC 144A LIFE SR UNSEC 3.875% 11-15-30                                        | CUSIP: 60855RAK6<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |   6415000 | PA      | $5739725.03   | 0.03%             | 2030-11-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | MORGAN STANLEY SR UNSEC 1.794% 02-13-32/31                                                      | CUSIP: 6174468U6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1760000 | PA      | $1524492.64   | 0.01%             | 2032-02-13      | Variable      | 1.79%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                        | DISCOVERY GLOBAL HOLDINGS INC SR UNSEC 4.054% 03-15-29                                          | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |  21270000 | PA      | $20592018.75  | 0.10%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| WOLFSPEED INC                                                                   | WOLFSPEED INC 144A LIFE SR SEC 1ST LIEN PIK 13.875% 06-23-30                                    | CUSIP: 977852AK8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7421774 | PA      | $8134212.35   | 0.04%             | 2030-06-23      | Fixed         | 13.88%                | Yes           |                  2 | On Loan: No      |
| WULF COMPUTE LLC                                                                | WULF COMPUTE LLC 144A LIFE SR SEC 1ST LIEN 7.75% 10-15-30                                       | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  40325000 | PA      | $42636227.38  | 0.20%             | 2030-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE CORP                                                                   | WESTLAKE CORP SR UNSEC 5.55% 11-15-35                                                           | CUSIP: 960413BB7<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | DBT              | CORP              | US        |  13523000 | PA      | $13485811.75  | 0.06%             | 2035-11-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                                              | CNX RESOURCES CORP 144A LIFE SR UNSEC 5.875% 03-01-34                                           | CUSIP: 12653CAM0<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |  10225000 | PA      | $9965152.08   | 0.05%             | 2034-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CENTERPOINT ENERGY HOUSTON ELECTRIC LLC                                         | CENTERPOINT ENERGY HOUSTON ELECTRIC LLC SR SEC 1ST LIEN 4.85% 04-01-36                          | CUSIP: 15189XBL1<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |   4855000 | PA      | $4756492.05   | 0.02%             | 2036-04-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC COMPANY                                                            | DTE ELECTRIC CO SR SEC 1ST LIEN 4.85% 03-01-36                                                  | CUSIP: 23338VBB1<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |   3575000 | PA      | $3509502.43   | 0.02%             | 2036-03-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                                        | ELECTRICITE DE FRANCE SA PRP 144A LIFE SUB (H) 9.125% 12-31-79/06-15-33                         | CUSIP: 28504KAA5<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |  10110000 | PA      | $11710372.56  | 0.05%             | 2079-12-31      | Variable      | 9.12%                 | Yes           |                  2 | On Loan: No      |
| ECOPETROL SA                                                                    | ECOPETROL SA SR UNSEC 8.625% 01-19-29                                                           | CUSIP: 279158AT6<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   3196000 | PA      | $3380041.66   | 0.02%             | 2029-01-19      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| EMPRESAS PUBLICAS DE MEDELLIN ESP                                               | EMPRESAS PUBLICAS DE MEDELLIN ESP REG S SR UNSEC 4.25% 07-18-29                                 | CUSIP: N/A<br>LEI: 549300SU25TO8EMXB434       | Long             | DBT              | CORP              | CO        |    200000 | PA      | $186133.00    | 0.00%             | 2029-07-18      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                                        | WYNN RESORTS FINANCE LLC 144A LIFE SR UNSEC 5.125% 10-01-29                                     | CUSIP: 983133AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12994000 | PA      | $12832692.48  | 0.06%             | 2029-10-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & CO                                                                | WELLS FARGO & CO SR UNSEC 4.478% 04-04-31/30                                                    | CUSIP: 95000U2L6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   8905000 | PA      | $8830687.78   | 0.04%             | 2031-04-04      | Variable      | 4.48%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK OF INDIA                                                     | EXPORT-IMPORT BANK OF INDIA 5.0% 01-12-36                                                       | CUSIP: 30218VAB2<br>LEI: 335800OFZ8YEIVN1QI11 | Long             | DBT              | USGA              | IN        |   4000000 | PA      | $3916660.00   | 0.02%             | 2036-01-12      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                            | EDISON INTERNATIONAL SR UNSEC 4.8% 03-15-31                                                     | CUSIP: 281020BD8<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   2924000 | PA      | $2855786.00   | 0.01%             | 2031-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| EATON CORPORATION                                                               | EATON CORP SR UNSEC 4.5% 03-06-33                                                               | CUSIP: 278058DY5<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |  13759000 | PA      | $13574367.98  | 0.06%             | 2033-03-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EATON CORPORATION                                                               | EATON CORP SR UNSEC 4.8% 03-06-36                                                               | CUSIP: 278058DZ2<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |  23092000 | PA      | $22807460.38  | 0.11%             | 2036-03-06      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ESAB CORP                                                                       | ESAB CORP 144A LIFE SR UNSEC 5.625% 04-01-31                                                    | CUSIP: 29605JAB2<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |   3985000 | PA      | $4022897.35   | 0.02%             | 2031-04-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK OF INDIA                                                     | EXPORT-IMPORT BK INDIA REG S SR UNSEC 3.25% 01-15-30                                            | CUSIP: 30216KAE2<br>LEI: 335800OFZ8YEIVN1QI11 | Long             | DBT              | USGA              | IN        |  10745000 | PA      | $10236621.82  | 0.05%             | 2030-01-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| FREEPORT INDONESIA PT                                                           | FREEPORT INDONESIA PT REG S SR UNSEC 6.2% 04-14-52                                              | CUSIP: N/A<br>LEI: 549300T4HTQHRKLNE619       | Long             | DBT              | CORP              | ID        |   3800000 | PA      | $3685886.00   | 0.02%             | 2052-04-14      | Fixed         | 6.20%                 | Yes           |                  2 | On Loan: No      |
| FREEPORT INDONESIA PT                                                           | FREEPORT INDONESIA PT 144A LIFE SR UNSEC 4.763% 04-14-27                                        | CUSIP: 69377FAA4<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | CORP              | ID        |    450000 | PA      | $451272.60    | 0.00%             | 2027-04-14      | Fixed         | 4.76%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                   | FORD MOTOR CREDIT CO LLC SR UNSEC 5.753% 04-06-33                                               | CUSIP: 345397J38<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  56751000 | PA      | $55720742.35  | 0.26%             | 2033-04-06      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD                                                      | FIRST QUANTUM MINERALS LTD 144A LIFE SR UNSEC 6.375% 02-15-36                                   | CUSIP: 335934AY1<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |  11445000 | PA      | $11019097.22  | 0.05%             | 2036-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                   | FORD MOTOR CREDIT CO LLC SR UNSEC 5.42% 04-09-31                                                | CUSIP: 345397J61<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1526000 | PA      | $1499064.57   | 0.01%             | 2031-04-09      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                         | GOLDMAN SACHS GROUP INC SR UNSEC 4.516% 01-21-32/31                                             | CUSIP: 38145GAR1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    950000 | PA      | $935799.40    | 0.00%             | 2032-01-21      | Variable      | 4.52%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                         | GOLDMAN SACHS GROUP INC SR UNSEC 5.065% 01-21-37/36                                             | CUSIP: 38145GAS9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3925000 | PA      | $3838826.63   | 0.02%             | 2037-01-21      | Variable      | 5.07%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL PRIVATE CREDIT FUND                                               | GOLUB CAPITAL PRIVATE CREDIT FUND 144A SR UNSEC 5.6% 04-15-31                                   | CUSIP: 38179RAG0<br>LEI: 254900B5KBW6OY1F9951 | Long             | DBT              | CORP              | US        |  12825000 | PA      | $12245386.95  | 0.06%             | 2031-04-15      | Fixed         | 5.60%                 | Yes           |                  2 | On Loan: No      |
| ECUADOR REPUBLIC OF (GOVERNMENT)                                                | ECUADOR GOVERNMENT INTERNATIONAL BOND 144A LIFE SF 8.75% 01-29-34                               | CUSIP: 27927WAQ5<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |  11805000 | PA      | $11598412.50  | 0.05%             | 2034-01-29      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| GE VERNOVA INC                                                                  | GE VERNOVA INC SR UNSEC 4.25% 02-04-31                                                          | CUSIP: 36828AAA9<br>LEI: 254900DP080RU6OK2553 | Long             | DBT              | CORP              | US        |   3925000 | PA      | $3882115.45   | 0.02%             | 2031-02-04      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & CO                                                                | WELLS FARGO & CO SR UNSEC 2.393% 06-02-28/27                                                    | CUSIP: 95000U2S1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244056.00    | 0.00%             | 2028-06-02      | Variable      | 2.39%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                                          | WESCO DISTRIBUTION INC 144A LIFE SR UNSEC 7.25% 06-15-28                                        | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   6760000 | PA      | $6801567.24   | 0.03%             | 2028-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| MPT OPERATING PARTNERSHIP LP                                                    | MPT OPERATING PARTNERSHIP LP SR UNSEC 3.5% 03-15-31                                             | CUSIP: 55342UAM6<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |   7519000 | PA      | $4921185.50   | 0.02%             | 2031-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MARB BONDCO PLC                                                                 | MARB BONDCO PLC REG S SR UNSEC 3.95% 01-29-31                                                   | CUSIP: N/A<br>LEI: 254900PVA1EU6QM1JN57       | Long             | DBT              | CORP              | GB        |  15840000 | PA      | $14048448.48  | 0.07%             | 2031-01-29      | Fixed         | 3.95%                 | Yes           |                  2 | On Loan: No      |
| MARB BONDCO PLC                                                                 | MARB BONDCO PLC 144A LIFE SR UNSEC 3.95% 01-29-31                                               | CUSIP: 566007AC4<br>LEI: 254900PVA1EU6QM1JN57 | Long             | DBT              | CORP              | GB        |   1700000 | PA      | $1507724.90   | 0.01%             | 2031-01-29      | Fixed         | 3.95%                 | Yes           |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                     | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 6.0% 08-15-35                                       | CUSIP: 694308KX4<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1860000 | PA      | $1922659.68   | 0.01%             | 2035-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PERU (REPUBLIC OF)                                                              | PERUVIAN GOVERNMENT INTERNATIONAL BOND 5.5% 03-30-36                                            | CUSIP: 715638FC1<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |  17377000 | PA      | $17340508.30  | 0.08%             | 2036-03-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC                                                | PNC FINANCIAL SERVICES GROUP INC SR UNSEC 5.373% 07-21-36/35                                    | CUSIP: 693475CE3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   5715000 | PA      | $5742489.15   | 0.03%             | 2036-07-21      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC AND GAS COMPANY                                         | PUBLIC SERVICE ELECTRIC AND GAS CO SR SEC 1ST LIEN 4.9% 08-15-35                                | CUSIP: 74456QCW4<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3127301.10   | 0.01%             | 2035-08-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PECO ENERGY CO                                                                  | PECO ENERGY CO SR SEC 1ST LIEN 4.88% 09-15-35                                                   | CUSIP: 693304BH9<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1040865.00   | 0.00%             | 2035-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PECO ENERGY CO                                                                  | PECO ENERGY CO SR SEC 1ST LIEN 5.65% 09-15-55                                                   | CUSIP: 693304BJ5<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |    363000 | PA      | $357524.15    | 0.00%             | 2055-09-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                                                 | PHILIP MORRIS INTERNATIONAL INC SR UNSEC 4.25% 10-29-32                                         | CUSIP: 718172DZ9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1429401.85   | 0.01%             | 2032-10-29      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                                                 | PHILIP MORRIS INTERNATIONAL INC SR UNSEC 4.625% 10-29-35                                        | CUSIP: 718172EA3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |  26488000 | PA      | $25490647.34  | 0.12%             | 2035-10-29      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PLUSPETROL SA                                                                   | PLUSPETROL SA 144A LIFE SR UNSEC 8.125% 05-18-31                                                | CUSIP: 72942BAB1<br>LEI: 254900QSCHBUBX6J6H71 | Long             | DBT              | CORP              | AR        |   5000000 | PA      | $5108555.00   | 0.02%             | 2031-05-18      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| PIEDMONT OPERATING PARTNERSHIP LP                                               | PIEDMONT OPERATING PARTNERSHIP LP SR UNSEC 5.625% 01-15-33                                      | CUSIP: 720198AK6<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              | CORP              | US        |  14170000 | PA      | $13777604.36  | 0.06%             | 2033-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                                                      | PFIZER INC SR UNSEC 5.6% 11-15-55                                                               | CUSIP: 717081FG3<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1961174.00   | 0.01%             | 2055-11-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ELECTRIC POWER COMPANY                                                | WISCONSIN ELECTRIC POWER CO SR UNSEC 5.05% 10-01-54                                             | CUSIP: 976656CT3<br>LEI: AENKIFMULUAWOUU8Q584 | Long             | DBT              | CORP              | US        |    150000 | PA      | $135312.15    | 0.00%             | 2054-10-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| WILDFIRE INTERMEDIATE HOLDINGS LLC                                              | WILDFIRE INTERMEDIATE HOLDINGS LLC 144A LIFE SR UNSEC 7.5% 10-15-29                             | CUSIP: 96812HAA6<br>LEI: 5493003RHEMQJZEXIR02 | Long             | DBT              | CORP              | US        |  12105000 | PA      | $12274143.17  | 0.06%             | 2029-10-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC                                                            | WASTE MANAGEMENT INC SR UNSEC 4.95% 03-15-35                                                    | CUSIP: 94106LCE7<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2607646.60   | 0.01%             | 2035-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 4.8% 07-01-28                                              | CUSIP: 74526QYN6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1625000 | PA      | $1080625.00   | 0.01%             | 2028-07-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 5.25% 07-01-31                                             | CUSIP: 74526QXU1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1935000 | PA      | $1286775.00   | 0.01%             | 2031-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                            | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-33                                              | CUSIP: 74526QZQ8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1545000 | PA      | $1027425.00   | 0.00%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EDVESTINU PRIVATE EDUCATION LOAN TRUST EDVES_21-A                               | EDVES 2021-A A 144A 1.8% 11-25-45                                                               | CUSIP: 28166LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     72334 | PA      | $67770.41     | 0.00%             | 2045-11-25      | Fixed         | 1.80%                 | Yes           |                  2 | On Loan: No      |
| FCBSL 2019-2A                                                                   | FCBSL 2019-2A DR CLO 144A FRN 10-20-32                                                          | CUSIP: 34962DAW6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4590000 | PA      | $4510638.90   | 0.02%             | 2032-10-20      | Variable      | 6.52%                 | Yes           |                  2 | On Loan: No      |
| FORTRESS CREDIT BSL LTD FCBSL_23-1                                              | FCBSL 2023-1A BR CLO 144A FRN 04-23-36                                                          | CUSIP: 34965DAY9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7465000 | PA      | $7468732.50   | 0.04%             | 2036-04-23      | Variable      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_25-1                                      | HERTZ 2025-1A C 144A 6.03% 09-25-29                                                             | CUSIP: 42806MCV9<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   6596000 | PA      | $6629547.26   | 0.03%             | 2029-09-25      | Fixed         | 6.03%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_25-2                                      | HERTZ 2025-2A C 144A 6.4% 09-25-31                                                              | CUSIP: 42806MCZ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7661000 | PA      | $7778941.10   | 0.04%             | 2031-09-25      | Fixed         | 6.40%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING IV LLC HERTZ_25-4                                       | HERTZ 2025-4A C 144A 6.48% 12-25-31                                                             | CUSIP: 42806MDH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2263000 | PA      | $2302794.86   | 0.01%             | 2031-12-25      | Fixed         | 6.48%                 | Yes           |                  2 | On Loan: No      |
| CFG INVESTMENTS LTD CFG_25-1                                                    | CFG 2025-1 C 144A 12.72% 03-25-36                                                               | CUSIP: 12528GAP7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $465850.80    | 0.00%             | 2036-03-25      | Fixed         | 12.72%                | Yes           |                  2 | On Loan: No      |
| CPS 2025-C                                                                      | CPS 2025-C E 144A 6.59% 02-15-33                                                                | CUSIP: 12634SAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5371000 | PA      | $5271845.97   | 0.02%             | 2033-02-15      | Fixed         | 6.59%                 | Yes           |                  2 | On Loan: No      |
| CLAST 2025-3A                                                                   | CLAST 2025-3A A 144A 5.087% 11-15-50                                                            | CUSIP: 14855YAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14390375 | PA      | $14230065.75  | 0.07%             | 2050-11-15      | Fixed         | 5.09%                 | Yes           |                  2 | On Loan: No      |
| BLUE RACER MIDSTREAM LLC                                                        | BLUE RACER MIDSTREAM LLC 144A LIFE SR UNSEC 7.0% 07-15-29                                       | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7035000 | PA      | $7271551.88   | 0.03%             | 2029-07-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| BROWN & BROWN INC                                                               | BROWN & BROWN INC SR UNSEC 5.25% 06-23-32                                                       | CUSIP: 115236AL5<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |  10481000 | PA      | $10468003.56  | 0.05%             | 2032-06-23      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                                               | BROWN & BROWN INC SR UNSEC 4.9% 06-23-30                                                        | CUSIP: 115236AK7<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   3475000 | PA      | $3472696.08   | 0.02%             | 2030-06-23      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                                               | BROWN & BROWN INC SR UNSEC 5.55% 06-23-35                                                       | CUSIP: 115236AM3<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |  22032000 | PA      | $22014528.62  | 0.10%             | 2035-06-23      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                                               | BROWN & BROWN INC SR UNSEC 6.25% 06-23-55                                                       | CUSIP: 115236AN1<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   4476000 | PA      | $4467562.74   | 0.02%             | 2055-06-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                    | BROADCOM INC SR UNSEC 5.2% 07-15-35                                                             | CUSIP: 11135FCM1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |  39607000 | PA      | $39930153.51  | 0.19%             | 2035-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                                       | BALL CORP SR UNSEC 5.5% 09-15-33                                                                | CUSIP: 058498BA3<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $30045870.00  | 0.14%             | 2033-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                                       | BLOCK INC 144A LIFE SR UNSEC 5.625% 08-15-30                                                    | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |  19372000 | PA      | $19275895.51  | 0.09%             | 2030-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| BLOCK INC                                                                       | BLOCK INC 144A LIFE SR UNSEC 6.0% 08-15-33                                                      | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |  15055000 | PA      | $14821858.27  | 0.07%             | 2033-08-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| BHP BILLITON FINANCE (USA) LTD                                                  | BHP BILLITON FINANCE USA LTD SR UNSEC 5.75% 09-05-55                                            | CUSIP: 055451BM9<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |   7388000 | PA      | $7397833.43   | 0.03%             | 2055-09-05      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT)                                      | BRAZILIAN GOVERNMENT INTERNATIONAL BOND 7.25% 01-12-56                                          | CUSIP: 105756CN8<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   6997000 | PA      | $6878400.85   | 0.03%             | 2056-01-12      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BIDVEST GROUP (UK) PLC                                                          | BIDVEST GROUP UK PLC REG S SR UNSEC 6.2% 09-17-32                                               | CUSIP: N/A<br>LEI: 984500A80C777F496830       | Long             | DBT              | CORP              | GB        |   7454000 | PA      | $7452166.32   | 0.03%             | 2032-09-17      | Fixed         | 6.20%                 | Yes           |                  2 | On Loan: No      |
| BANK OF MONTREAL                                                                | BANK OF MONTREAL SR UNSEC 4.35% 09-22-31/30                                                     | CUSIP: 06368MXV1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1616000 | PA      | $1593645.87   | 0.01%             | 2031-09-22      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                                | BAT CAPITAL CORP SR UNSEC 4.625% 03-22-33                                                       | CUSIP: 054989AF5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   6390000 | PA      | $6256557.63   | 0.03%             | 2033-03-22      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                    | BROADCOM INC SR UNSEC 4.8% 02-15-36                                                             | CUSIP: 11135FCY5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    810000 | PA      | $790004.34    | 0.00%             | 2036-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                    | BROADCOM INC SR UNSEC 3.469% 04-15-34                                                           | CUSIP: 11135FCT6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |  26387000 | PA      | $23773367.65  | 0.11%             | 2034-04-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE REG FINANCE CO LLC                                                   | BLACKSTONE REG FINANCE CO LLC SR UNSEC 4.95% 02-15-36                                           | CUSIP: 092914AC4<br>LEI: 254900S2G1V55FTA4590 | Long             | DBT              | CORP              | US        |    730000 | PA      | $704925.96    | 0.00%             | 2036-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HOLDINGS INC                                                    | BREAD FINANCIAL HOLDINGS INC 144A LIFE SR UNSEC 6.75% 05-15-31                                  | CUSIP: 018581AR9<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |   9410000 | PA      | $9348806.77   | 0.04%             | 2031-05-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                                                        | BAXTER INTERNATIONAL INC SR UNSEC 4.45% 02-15-29                                                | CUSIP: 071813DC0<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    813000 | PA      | $803023.68    | 0.00%             | 2029-02-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                                                        | BAXTER INTERNATIONAL INC SR UNSEC 4.9% 12-15-30                                                 | CUSIP: 071813DD8<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |   1501000 | PA      | $1482118.92   | 0.01%             | 2030-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                                                        | BAXTER INTERNATIONAL INC SR UNSEC 5.65% 12-15-35                                                | CUSIP: 071813DE6<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |  51578000 | PA      | $50397689.05  | 0.24%             | 2035-12-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-26

**Name of Applicant:** American Funds Multi-Sector Income Fund

**Signature:** Scott Lewis

**Name of Signer:** Scott Lewis

**Title:** Compliance Specialist Senior