# EDGAR Filing Document

**Accession Number:** 0000874964
**File Stem:** 0001752724-23-046511
**Filing Date:** 2023-2
**Character Count:** 121374
**Document Hash:** 47d4c288eb5b50829e3af314db19ca66
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-046511.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-046511

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LAZARD FUNDS INC
- **CENTRAL INDEX KEY:** 0000874964
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06312
- **FILM NUMBER:** 23682557

**BUSINESS ADDRESS:**
- **STREET 1:** 30 ROCKEFELLER PLAZA
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10112
- **BUSINESS PHONE:** 2126326000

**MAIL ADDRESS:**
- **STREET 1:** 30 ROCKEFELLER PLAZA
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10112

## Series and Classes Contracts Data

### Lazard Enhanced Opportunities Portfolio (Series ID: S000047900)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000150427 | Institutional Shares | LEOIX           |
| C000150428 | Open Shares          | LEOOX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** LAZARD FUNDS INC

- **b. Investment Company Act file number:** 811-06312

- **c. CIK number of Registrant:** 0000874964

- **d. LEI of Registrant:** FHQ86OSTXPK3IHDU6X52

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

  - **Street Address 1:** 30 ROCKEFELLER PLAZA

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10112

  - **Telephone number:** 212-632-6000

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

- **a. Name of Series:** Lazard Enhanced Opportunities Portfolio

- **b. EDGAR series identifier (if any):** S000047900

- **c. LEI of Series:** 549300WDE3F1JD57FL29

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $84429115.34

**Total Liabilities:** $44197760.15

**Net Assets:** $40231355.19

**Delayed Delivery Securities:** $42829.71

**Cash Not Reported:** $10035933.69

**Currency Risk Metrics (dv01):**

- 

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

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

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000150428 | -0.12%               | -0.12%               | 1.52%                |
| Class ID C000150427 | -0.12%               | -0.12%               | 1.48%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $413712.80               | $-392409.64                                |
| Month 2  | $-348643.76              | $767999.30                                 |
| Month 3  | $-223656.52              | $494834.44                                 |

**Designated Index Information**

- **Index Name:** ICE BofA All US Convertibles

- **Index Identifier:** V0A0

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SEA LTD                                                 | Sea Ltd                                                 | CUSIP: 81141RAG5<br>LEI: 529900OM6JLLW44YKI15 | Long             | DBT              | CORP              | KY        |    443000 | PA      | $326712.50    | 0.81%             | 2026-09-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| CUTERA INC                                              | Cutera Inc                                              | CUSIP: 232109AB4<br>LEI: 529900NPKPEWJWR21Z42 | Long             | DBT              | CORP              | US        |    175000 | PA      | $259612.50    | 0.65%             | 2026-03-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CONTRA ZOGENIX INC                                      | CONTRA ZOGENIX INC                                      | CUSIP: 989CVR014<br>LEI: N/A                  | N/A              | DE               |  | US        |     40674 | NS      | $27658.32     | 0.07%             |  |  |  | No            |                  3 | On Loan: No      |
| Plug Power Inc                                          | Plug Power Inc                                          | CUSIP: 72919P202<br>LEI: 549300JPDKRSJ8JSM954 | Short            | EC               | CORP              | US        |    -59936 | NS      | $-741408.32   | -1.84%            |  |  |  | No            |                  1 | On Loan: No      |
| Gossamer Bio Inc                                        | Gossamer Bio Inc                                        | CUSIP: 38341P102<br>LEI: 549300ZOC0N2W6PSFR58 | Short            | EC               | CORP              | US        |    -24028 | NS      | $-52140.76    | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| AVADEL FIN CAYMAN LTD                                   | Avadel Finance Cayman Ltd                               | CUSIP: 05337YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    426000 | PA      | $415350.00    | 1.03%             | 2023-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AVID SPV LLC                                            | Avid SPV LLC                                            | CUSIP: 05369GAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    604000 | PA      | $577967.60    | 1.44%             | 2026-03-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| United States Steel Corp                                | United States Steel Corp                                | CUSIP: 912909108<br>LEI: JNLUVFYJT1OZSIQ24U47 | Short            | EC               | CORP              | US        |    -49256 | NS      | $-1233862.80  | -3.07%            |  |  |  | No            |                  1 | On Loan: No      |
| MARRIOTT VACATION WORLDW                                | Marriott Vacations Worldwide Corp                       | CUSIP: 57164YAE7<br>LEI: 549300WA6BT5H4F7IO94 | Long             | DBT              | CORP              | US        |    201000 | PA      | $198990.00    | 0.49%             | 2027-12-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| RADIUS GBL INFASTRUCTURE                                | Radius Global Infrastructure Inc                        | CUSIP: 750481AA1<br>LEI: 213800NT341MQ5USBX63 | Long             | DBT              | CORP              | US        |    623000 | PA      | $549390.15    | 1.37%             | 2026-09-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International Bank Ltd.                   | FISKER INC CFD                                          | CUSIP: 000000000<br>LEI: EYKN6V0ZCB8VD9IULB80 | N/A              | DE               |  | US        |    253109 | OU      | $127483.20    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| MITEK SYSTEMS INC                                       | Mitek Systems Inc                                       | CUSIP: 606710AA9<br>LEI: 549300ABZAQ3R25XG118 | Long             | DBT              | CORP              | US        |    582000 | PA      | $483060.00    | 1.20%             | 2026-02-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| ZTO Express Cayman Inc                                  | ZTO Express Cayman Inc                                  | CUSIP: 98980A105<br>LEI: 549300SCJPK3YZJTJR78 | Short            | EC               | CORP              | KY        |     -6381 | NS      | $-171457.47   | -0.43%            |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC CORP                                           | PennyMac Corp                                           | CUSIP: 70932AAF0<br>LEI: EWN0I878407TKQNXZ933 | Long             | DBT              |  | US        |    870000 | PA      | $712856.25    | 1.77%             | 2026-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Shift4 Payments Inc                                     | Shift4 Payments Inc                                     | CUSIP: 82452J109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -5413 | NS      | $-302749.09   | -0.75%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                                  | ROYAL CARIBBEAN CRUISES LTD                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | LR        |         8 | NC      | $1280.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AXON ENTERPRISE INC                                     | Axon Enterprise Inc                                     | CUSIP: 05464CAA9<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    151000 | PA      | $150396.00    | 0.37%             | 2027-12-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| RINGCENTRAL INC                                         | RingCentral Inc                                         | CUSIP: 76680RAH0<br>LEI: 549300C8EH0H1614VE84 | Long             | DBT              | CORP              | US        |    325000 | PA      | $256750.00    | 0.64%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Redfin Corp                                             | Redfin Corp                                             | CUSIP: 75737F108<br>LEI: 549300HXWD3JEMZU3O57 | Long             | EC               | CORP              | US        |        75 | NS      | $318.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Travere Therapeutics Inc                                | Travere Therapeutics Inc                                | CUSIP: 89422G107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -15496 | NS      | $-325880.88   | -0.81%            |  |  |  | No            |                  1 | On Loan: No      |
| REVANCE THERAPEUTICS INC                                | Revance Therapeutics Inc                                | CUSIP: 761330AB5<br>LEI: 549300N33TFDZHS81H11 | Long             | DBT              | CORP              | US        |    582000 | PA      | $537186.00    | 1.34%             | 2027-02-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets LLC                                 | NORWEGIAN CRUISE LINE HOLDINGS                          | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | N/A              | DE               |  | BM        |        29 | NC      | $2291.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| IONIS PHARMACEUTICALS IN                                | Ionis Pharmaceuticals Inc                               | CUSIP: 462222AD2<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | DBT              | CORP              | US        |    127000 | PA      | $117871.88    | 0.29%             | 2026-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dye & Durham Ltd                                        | Dye & Durham Ltd                                        | CUSIP: 267488104<br>LEI: N/A                  | Short            | EC               | CORP              | CA        |     -1208 | NS      | $-14640.53    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| FUBOTV INC                                              | fuboTV Inc                                              | CUSIP: 35953DAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    303000 | PA      | $142410.00    | 0.35%             | 2026-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Avid Bioservices Inc                                    | Avid Bioservices Inc                                    | CUSIP: 05368M106<br>LEI: 549300GRUS3ZMGP8MX22 | Short            | EC               | CORP              | US        |    -18032 | NS      | $-248300.64   | -0.62%            |  |  |  | No            |                  1 | On Loan: No      |
| HELIX ENERGY SOLUTIONS                                  | Helix Energy Solutions Group Inc                        | CUSIP: 42330PAK3<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | DBT              | CORP              | US        |    703000 | PA      | $974792.33    | 2.42%             | 2026-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TECHTARGET INC                                          | TechTarget Inc                                          | CUSIP: 87874RAC4<br>LEI: 529900YQA5JL2H2VMB84 | Long             | DBT              | CORP              | US        |    370000 | PA      | $284530.00    | 0.71%             | 2026-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LI AUTO INC                                             | Li Auto Inc                                             | CUSIP: 50202MAB8<br>LEI: 2549003R73Q70J5H4I65 | Long             | DBT              | CORP              | KY        |    977000 | PA      | $987258.50    | 2.45%             | 2028-05-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| MARCUS CORPORATION                                      | Marcus Corp/The                                         | CUSIP: 566330AA4<br>LEI: 549300NL0OKPNEMP6B79 | Long             | DBT              | CORP              | US        |    405000 | PA      | $593578.13    | 1.48%             | 2025-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INNOVIVA INC                                            | Innoviva Inc                                            | CUSIP: 45781MAC5<br>LEI: 549300ACOX4QTBES6535 | Long             | DBT              | CORP              | US        |    706000 | PA      | $573978.00    | 1.43%             | 2028-03-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Lithium Americas Corp                                   | Lithium Americas Corp                                   | CUSIP: 53680Q207<br>LEI: 529900Q9ENG7EHHZ5R75 | Short            | EC               | CORP              | CA        |     -3058 | NS      | $-57949.10    | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| HERBALIFE LTD                                           | Herbalife Nutrition Ltd                                 | CUSIP: 42703MAE3<br>LEI: 549300BA7TYPBSZZIA41 | Long             | DBT              | CORP              | KY        |    281000 | PA      | $308819.00    | 0.77%             | 2028-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES STEEL CORP                                | United States Steel Corp                                | CUSIP: 912909AT5<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | DBT              | CORP              | US        |    728000 | PA      | $1459640.00   | 3.63%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ivanhoe Mines Ltd                                       | Ivanhoe Mines Ltd                                       | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Short            | EC               | CORP              | CA        |    -31883 | NS      | $-251955.76   | -0.63%            |  |  |  | No            |                  1 | On Loan: No      |
| REALOGY GROUP/CO-ISSUER                                 | Realogy Group LLC / Realogy Co-Issuer Corp              | CUSIP: 75606DAP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    638000 | PA      | $449152.00    | 1.12%             | 2026-06-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| TRAVERE THERAPEUTICS INC                                | Travere Therapeutics Inc                                | CUSIP: 89422GAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    634000 | PA      | $580110.00    | 1.44%             | 2029-03-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BLOOM ENERGY CORP                                       | Bloom Energy Corp                                       | CUSIP: 093712AH0<br>LEI: 549300XB5J9BFW5JXV97 | Long             | DBT              | CORP              | US        |    785000 | PA      | $1060221.00   | 2.64%             | 2025-08-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Palo Alto Networks Inc                                  | Palo Alto Networks Inc                                  | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Short            | EC               | CORP              | US        |     -5234 | NS      | $-730352.36   | -1.82%            |  |  |  | No            |                  1 | On Loan: No      |
| ARRAY TECHNOLOGIES INC                                  | Array Technologies Inc                                  | CUSIP: 04271TAB6<br>LEI: 549300JM5FECYJQ85V37 | Long             | DBT              | CORP              | US        |    555000 | PA      | $566932.50    | 1.41%             | 2028-12-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| BURLINGTON STORES INC                                   | Burlington Stores Inc                                   | CUSIP: 122017AB2<br>LEI: 5299003Z37DVGKKC1W09 | Long             | DBT              | CORP              | US        |    724000 | PA      | $836220.00    | 2.08%             | 2025-04-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| GRANITE CONSTRUCTION INC                                | Granite Construction Inc                                | CUSIP: 387328AB3<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | DBT              | CORP              | US        |    470000 | PA      | $571261.50    | 1.42%             | 2024-11-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| VAREX IMAGING CORPORATIO                                | Varex Imaging Corp                                      | CUSIP: 92214XAB2<br>LEI: 549300CWYWPVCT8E9W67 | Long             | DBT              | CORP              | US        |    907000 | PA      | $1060645.80   | 2.64%             | 2025-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MP Materials Corp                                       | MP Materials Corp                                       | CUSIP: 553368101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -1408 | NS      | $-34186.24    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Merrill Lynch International Bank Ltd.                   | VISHAY INTERTECHNOLOGY INC CFD                          | CUSIP: 000000000<br>LEI: EYKN6V0ZCB8VD9IULB80 | N/A              | DE               |  | US        |     24440 | OU      | $-1918.54     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Cloudflare Inc                                          | Cloudflare Inc                                          | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |        82 | NS      | $3707.22      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Software Inc                                      | Unity Software Inc                                      | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Short            | EC               | CORP              | US        |       -15 | NS      | $-428.85      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| fuboTV Inc                                              | fuboTV Inc                                              | CUSIP: 35953D104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -574 | NS      | $-998.76      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Granite Construction Inc                                | Granite Construction Inc                                | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Short            | EC               | CORP              | US        |    -10873 | NS      | $-381316.11   | -0.95%            |  |  |  | No            |                  1 | On Loan: No      |
| PRA Group Inc                                           | PRA Group Inc                                           | CUSIP: 69354N106<br>LEI: 549300Q5HW3JSSB86K27 | Short            | EC               | CORP              | US        |     -2165 | NS      | $-73133.70    | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                               | Halozyme Therapeutics Inc                               | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Short            | EC               | CORP              | US        |     -3687 | NS      | $-209790.30   | -0.52%            |  |  |  | No            |                  1 | On Loan: No      |
| Chefs' Warehouse Inc/The                                | Chefs' Warehouse Inc/The                                | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Short            | EC               | CORP              | US        |     -8819 | NS      | $-293496.32   | -0.73%            |  |  |  | No            |                  1 | On Loan: No      |
| POST HOLDINGS INC                                       | Post Holdings Inc                                       | CUSIP: 737446AS3<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    209000 | PA      | $220536.80    | 0.55%             | 2027-08-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Innoviva Inc                                            | Innoviva Inc                                            | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Short            | EC               | CORP              | US        |    -13262 | NS      | $-175721.50   | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED USD / SOLD CAD                                | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-4132.31     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Virgin Galactic Holdings Inc                            | Virgin Galactic Holdings Inc                            | CUSIP: 92766K106<br>LEI: 549300C631IMXCSMN048 | Short            | EC               | CORP              | US        |     -6663 | NS      | $-23187.24    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| PLUG POWER INC                                          | Plug Power Inc                                          | CUSIP: 72919PAD5<br>LEI: 549300JPDKRSJ8JSM954 | Long             | DBT              | CORP              | US        |    318000 | PA      | $800914.80    | 1.99%             | 2025-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| COPA HOLDINGS SA                                        | Copa Holdings SA                                        | CUSIP: 21720AAB8<br>LEI: 529900BB9UQJV6QQHA59 | Long             | DBT              | CORP              | PA        |   1335000 | PA      | $2277574.91   | 5.66%             | 2025-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Health Catalyst Inc                                     | Health Catalyst Inc                                     | CUSIP: 42225T107<br>LEI: 549300223PL6GWKVJG92 | Short            | EC               | CORP              | US        |     -4077 | NS      | $-43338.51    | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| OTA LLC                                                 | GOL LINHAS AEREAS INTELIGENTES                          | CUSIP: 000000000<br>LEI: 5493005E2C5WY15S7E91 | N/A              | DE               |  | BR        |        40 | NC      | $1200.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Capital Markets LLC                                 | CINEMARK HOLDINGS INC                                   | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | N/A              | DE               |  | US        |        19 | NC      | $380.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Merrill Lynch International Bank Ltd.                   | MARRIOTT VACATIONS WORLD CFD                            | CUSIP: 000000000<br>LEI: EYKN6V0ZCB8VD9IULB80 | N/A              | DE               |  | US        |    341365 | OU      | $20367.90     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Guidewire Software Inc                                  | Guidewire Software Inc                                  | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Short            | EC               | CORP              | US        |      -425 | NS      | $-26588.00    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                                 | Pebblebrook Hotel Trust                                 | CUSIP: 70509VAA8<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | DBT              |  | US        |    952000 | PA      | $787780.00    | 1.96%             | 2026-12-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| SUNNOVA ENERGY INTL INC                                 | Sunnova Energy International Inc                        | CUSIP: 86745KAG9<br>LEI: 549300JK1Y1VVC3JU540 | Long             | DBT              | CORP              | US        |    468000 | PA      | $380250.00    | 0.95%             | 2028-02-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                  | United States Treasury Note/Bond                        | CUSIP: 91282CFU0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3181000 | PA      | $3192680.25   | 7.94%             | 2027-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED USD / SOLD AUD                                | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-902.93      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AVADEL FIN CAYMAN LTD                                   | Avadel Finance Cayman Ltd                               | CUSIP: 05337YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    610000 | PA      | $590175.00    | 1.47%             | 2023-10-02      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Veeco Instruments Inc                                   | Veeco Instruments Inc                                   | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Short            | EC               | CORP              | US        |    -50044 | NS      | $-929817.52   | -2.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Merrill Lynch International Bank Ltd.                   | TWO HBRS INVT CORP                                      | CUSIP: 000000000<br>LEI: EYKN6V0ZCB8VD9IULB80 | N/A              | DE               |  | US        |     32509 | OU      | $13522.38     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Just Eat Takeaway.com NV                                | Just Eat Takeaway.com NV                                | CUSIP: 000000000<br>LEI: 724500FVZIBSSQ7SHI95 | Short            | EC               | CORP              | NL        |      -519 | NS      | $-11051.73    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Century Aluminum Co                                     | Century Aluminum Co                                     | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Short            | EC               | CORP              | US        |    -11461 | NS      | $-93750.98    | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT HOTEL PROPERTIES                                 | Summit Hotel Properties Inc                             | CUSIP: 866082AA8<br>LEI: 254900OBQWJK6X20LS71 | Long             | DBT              | CORP              | US        |    238000 | PA      | $204442.00    | 0.51%             | 2026-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                  | CINEMARK HOLDINGS INC                                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        48 | NC      | $480.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Revance Therapeutics Inc                                | Revance Therapeutics Inc                                | CUSIP: 761330109<br>LEI: 549300N33TFDZHS81H11 | Short            | EC               | CORP              | US        |    -12253 | NS      | $-226190.38   | -0.56%            |  |  |  | No            |                  1 | On Loan: No      |
| DELIVERY HERO AG                                        | Delivery Hero SE                                        | CUSIP: 000000000<br>LEI: 529900C3EX1FZGE48X78 | Long             | DBT              | CORP              | DE        |    300000 | PA      | $241601.05    | 0.60%             | 2026-04-30      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Insmed Inc                                              | Insmed Inc                                              | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Short            | EC               | CORP              | US        |    -20019 | NS      | $-399979.62   | -0.99%            |  |  |  | No            |                  1 | On Loan: No      |
| I3 VERTICALS LLC                                        | i3 Verticals LLC                                        | CUSIP: 44933TAB2<br>LEI: 549300VET627YPCK1T69 | Long             | DBT              | CORP              | US        |    542000 | PA      | $491865.00    | 1.22%             | 2025-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Coherus Biosciences Inc                                 | Coherus Biosciences Inc                                 | CUSIP: 19249H103<br>LEI: 5493007IL8W5MV932D26 | Short            | EC               | CORP              | US        |    -25647 | NS      | $-203124.24   | -0.50%            |  |  |  | No            |                  1 | On Loan: No      |
| OTA LLC                                                 | AMYRIS INC                                              | CUSIP: 000000000<br>LEI: 5493005E2C5WY15S7E91 | N/A              | DE               |  | US        |        78 | NC      | $4290.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Porch Group Inc                                         | Porch Group Inc                                         | CUSIP: 733245104<br>LEI: 549300NXEI7CVW8IXQ90 | Long             | EC               | CORP              | US        |      6563 | NS      | $12338.44     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EAGLE BULK SHIPPING INC                                 | Eagle Bulk Shipping Inc                                 | CUSIP: 269442AB5<br>LEI: 549300EC4INNZBWR8W37 | Long             | DBT              | CORP              | MH        |    604000 | PA      | $1000648.70   | 2.49%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Braemar Hotels & Resorts Inc                            | Braemar Hotels & Resorts Inc                            | CUSIP: 10482B101<br>LEI: 549300JDUUEBN868C776 | Short            | EC               |  | US        |    -49642 | NS      | $-204028.62   | -0.51%            |  |  |  | No            |                  1 | On Loan: No      |
| DESKTOP METAL INC                                       | Desktop Metal Inc                                       | CUSIP: 25058XAC9<br>LEI: 254900C3ZY0EFO5PGJ27 | Long             | DBT              | CORP              | US        |    358000 | PA      | $342069.00    | 0.85%             | 2027-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Upwork Inc                                              | Upwork Inc                                              | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Short            | EC               | CORP              | US        |      -199 | NS      | $-2077.56     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Merrill Lynch International Bank Ltd.                   | BENTLEY SYSTEMS INC CLASS B                             | CUSIP: 000000000<br>LEI: EYKN6V0ZCB8VD9IULB80 | N/A              | DE               |  | US        |     54078 | OU      | $19779.03     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| MannKind Corp                                           | MannKind Corp                                           | CUSIP: 56400P706<br>LEI: 213800GFBCNY1ZFST722 | Short            | EC               | CORP              | US        |   -213430 | NS      | $-1124776.10  | -2.80%            |  |  |  | No            |                  1 | On Loan: No      |
| BENTLEY SYSTEMS                                         | Bentley Systems Inc                                     | CUSIP: 08265TAD1<br>LEI: 549300WVEHPGE0Z56F71 | Long             | DBT              | CORP              | US        |    317000 | PA      | $259623.00    | 0.65%             | 2027-07-01      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Two Harbors Investment Corp                             | Two Harbors Investment Corp                             | CUSIP: 90187B804<br>LEI: 549300ZUIBT6KH4HU823 | Short            | EC               |  | US        |     -1865 | NS      | $-29411.05    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| SEMTECH CORP                                            | Semtech Corp                                            | CUSIP: 816850AE1<br>LEI: 549300J7WUY317SW6O61 | Long             | DBT              | CORP              | US        |    520000 | PA      | $534300.00    | 1.33%             | 2027-11-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| NATIONAL VISION HOLDINGS                                | National Vision Holdings Inc                            | CUSIP: 63845RAB3<br>LEI: 549300JHURCBLI5ROA42 | Long             | DBT              | CORP              | US        |    795000 | PA      | $1094782.25   | 2.72%             | 2025-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| National Vision Holdings Inc                            | National Vision Holdings Inc                            | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Short            | EC               | CORP              | US        |    -20889 | NS      | $-809657.64   | -2.01%            |  |  |  | No            |                  1 | On Loan: No      |
| SHIFT4 PAYMENTS INC                                     | Shift4 Payments Inc                                     | CUSIP: 82452JAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    741000 | PA      | $737758.13    | 1.83%             | 2025-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OTA LLC                                                 | CINEMARK HOLDINGS INC                                   | CUSIP: 000000000<br>LEI: 5493005E2C5WY15S7E91 | N/A              | DE               |  | US        |        36 | NC      | $180.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Merrill Lynch International Bank Ltd.                   | GREENBRIER COMPANIES INC CFD                            | CUSIP: 000000000<br>LEI: EYKN6V0ZCB8VD9IULB80 | N/A              | DE               |  | US        |     14553 | OU      | $3655.44      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Hannon Armstrong Sustainable Infrastructure Capital Inc | Hannon Armstrong Sustainable Infrastructure Capital Inc | CUSIP: 41068X100<br>LEI: N/A                  | Short            | EC               |  | US        |     -2049 | NS      | $-59380.02    | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors                            | State Street Institutional Treasury Money Market Fund   | CUSIP: 857492870<br>LEI: 549300Q3FHSMZ70NLT76 | Long             | STIV             | RF                | US        |   4016023 | NS      | $4016022.59   | 9.98%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY MEDIA CORP                                      | Liberty Media Corp                                      | CUSIP: 531229AJ1<br>LEI: 549300ZKUTPIBZLWLL89 | Long             | DBT              | CORP              | US        |    970000 | PA      | $889005.00    | 2.21%             | 2049-12-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International Bank Ltd.                   | ARBOR REALTY TRUST INC CFD                              | CUSIP: 000000000<br>LEI: EYKN6V0ZCB8VD9IULB80 | N/A              | DE               |  | US        |      4440 | OU      | $1485.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AIRBNB INC                                              | Airbnb Inc                                              | CUSIP: 009066AB7<br>LEI: 549300HMUDNO0RY56D37 | Long             | DBT              | CORP              | US        |    463000 | PA      | $382206.50    | 0.95%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fisker Inc                                              | Fisker Inc                                              | CUSIP: 33813J106<br>LEI: 549300UUN5RWU44MBX79 | Long             | EC               | CORP              | US        |       362 | NS      | $2631.74      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PAR Technology Corp                                     | PAR Technology Corp                                     | CUSIP: 698884103<br>LEI: 549300HYPTHBJQINVG57 | Short            | EC               | CORP              | US        |     -2561 | NS      | $-66765.27    | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Bandwidth Inc                                           | Bandwidth Inc                                           | CUSIP: 05988J103<br>LEI: 549300QC70JB7MUGXM66 | Short            | EC               | CORP              | US        |      -325 | NS      | $-7458.75     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd                             | Royal Caribbean Cruises Ltd                             | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Short            | EC               | CORP              | LR        |    -17152 | NS      | $-847823.36   | -2.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Inotiv Inc                                              | Inotiv Inc                                              | CUSIP: 45783Q100<br>LEI: 549300FH5Z13X0Q5SK81 | Short            | EC               | CORP              | US        |     -4022 | NS      | $-19868.68    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Envestnet Inc                                           | Envestnet Inc                                           | CUSIP: 29404K106<br>LEI: 549300HLWZ5OKIDM8737 | Short            | EC               | CORP              | US        |      -719 | NS      | $-44362.30    | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Merrill Lynch International Bank Ltd.                   | REDWOOD TRUST INC CFD                                   | CUSIP: 000000000<br>LEI: EYKN6V0ZCB8VD9IULB80 | N/A              | DE               |  | US        |     36832 | OU      | $18978.92     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Coupa Software Inc                                      | Coupa Software Inc                                      | CUSIP: 22266L106<br>LEI: 549300Q95ICR2GFL2K37 | Long             | EC               | CORP              | US        |        68 | NS      | $5383.56      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Copa Holdings SA                                        | Copa Holdings SA                                        | CUSIP: 000000000<br>LEI: 529900BB9UQJV6QQHA59 | Short            | EC               | CORP              | PA        |    -23327 | NS      | $-1940106.59  | -4.82%            |  |  |  | No            |                  1 | On Loan: No      |
| Marcus Corp/The                                         | Marcus Corp/The                                         | CUSIP: 566330106<br>LEI: 549300NL0OKPNEMP6B79 | Short            | EC               | CORP              | US        |    -32654 | NS      | $-469891.06   | -1.17%            |  |  |  | No            |                  1 | On Loan: No      |
| CARNIVAL CORP                                           | Carnival Corp                                           | CUSIP: 143658BU5<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    338000 | PA      | $303524.00    | 0.75%             | 2027-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NCL Corp Ltd                                            | NCL Corp Ltd                                            | CUSIP: 62886HBJ9<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    483000 | PA      | $347760.00    | 0.86%             | 2027-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| LIBERTY MEDIA CORP                                      | Liberty Media Corp                                      | CUSIP: 531229AG7<br>LEI: 549300ZKUTPIBZLWLL89 | Long             | DBT              | CORP              | US        |    786000 | PA      | $741198.00    | 1.84%             | 2048-03-31      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Axon Enterprise Inc                                     | Axon Enterprise Inc                                     | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Short            | EC               | CORP              | US        |      -428 | NS      | $-71018.04    | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED USD / SOLD EUR                                | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-11423.82    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                       | DISH Network Corp                                       | CUSIP: 25470MAF6<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |    258000 | PA      | $165894.00    | 0.41%             | 2025-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HALOZYME THERAPEUTICS IN                                | Halozyme Therapeutics Inc                               | CUSIP: 40637HAE9<br>LEI: 529900242I3SV9AGM753 | Long             | DBT              | CORP              | US        |    260000 | PA      | $307612.50    | 0.76%             | 2028-08-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| WAYFAIR INC                                             | Wayfair Inc                                             | CUSIP: 94419LAN1<br>LEI: 54930027N9ZAVYFDHK53 | Long             | DBT              | CORP              | US        |    253000 | PA      | $194177.50    | 0.48%             | 2027-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| KKR REAL ESTATE FIN                                     | KKR Real Estate Finance Trust Inc                       | CUSIP: 48251KAB6<br>LEI: 549300K23AYZDZ2REL62 | Long             | DBT              | CORP              | US        |    195000 | PA      | $192351.86    | 0.48%             | 2023-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Peabody Energy Corp                                     | Peabody Energy Corp                                     | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Short            | EC               | CORP              | US        |    -23567 | NS      | $-622640.14   | -1.55%            |  |  |  | No            |                  1 | On Loan: No      |
| NIO INC                                                 | NIO Inc                                                 | CUSIP: 62914VAE6<br>LEI: 549300JBU4TV5OCKJV96 | Long             | DBT              | CORP              | KY        |    494000 | PA      | $433485.00    | 1.08%             | 2026-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OPTIONS MS COC                                          | OPTIONS MS COC                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    103950 | NS      | $103950.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| UPSTART HOLDINGS INC                                    | Upstart Holdings Inc                                    | CUSIP: 91680MAB3<br>LEI: 549300WNB47JRNENIC75 | Long             | DBT              | CORP              | US        |    433000 | PA      | $229490.00    | 0.57%             | 2026-08-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| GUIDEWIRE SOFTWARE INC                                  | Guidewire Software Inc                                  | CUSIP: 40171VAA8<br>LEI: 549300WXSG0J8IXZCK32 | Long             | DBT              | CORP              | US        |    483000 | PA      | $449431.50    | 1.12%             | 2025-03-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Match Group Inc                                         | Match Group Inc                                         | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Short            | EC               | CORP              | US        |     -3310 | NS      | $-137331.90   | -0.34%            |  |  |  | No            |                  1 | On Loan: No      |
| Array Technologies Inc                                  | Array Technologies Inc                                  | CUSIP: 04271T100<br>LEI: 549300JM5FECYJQ85V37 | Short            | EC               | CORP              | US        |    -20242 | NS      | $-391277.86   | -0.97%            |  |  |  | No            |                  1 | On Loan: No      |
| ENVESTNET INC                                           | Envestnet Inc                                           | CUSIP: 29404KAE6<br>LEI: 549300HLWZ5OKIDM8737 | Long             | DBT              | CORP              | US        |    210000 | PA      | $190575.00    | 0.47%             | 2025-08-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                     | NCL Corp Ltd                                            | CUSIP: 62886HBD2<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    546000 | PA      | $373354.80    | 0.93%             | 2027-02-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| INFINERA CORP                                           | Infinera Corp                                           | CUSIP: 45667GAF0<br>LEI: 549300ZOF66WPV3H0H17 | Long             | DBT              | CORP              | US        |    104000 | PA      | $129417.60    | 0.32%             | 2028-08-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED USD / SOLD HKD                                | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $138.85       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PHARMING NV                                             | Pharming Group NV                                       | CUSIP: 000000000<br>LEI: 724500DCJ9MPG74JEH91 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $486736.54    | 1.21%             | 2025-01-21      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Marriott Vacations Worldwide Corp                       | Marriott Vacations Worldwide Corp                       | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |      1793 | NS      | $241319.87    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| DELIVERY HERO AG                                        | Delivery Hero SE                                        | CUSIP: 000000000<br>LEI: 529900C3EX1FZGE48X78 | Long             | DBT              | CORP              | DE        |    300000 | PA      | $221162.48    | 0.55%             | 2028-01-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| LIBERTY BROADBAND CORP                                  | Liberty Broadband Corp                                  | CUSIP: 530307AC1<br>LEI: 549300MIX43II8JLN536 | Long             | DBT              | CORP              | US        |    622000 | PA      | $603340.00    | 1.50%             | 2050-09-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| INSMED INC                                              | Insmed Inc                                              | CUSIP: 457669AB5<br>LEI: 529900Q55QAG41CCAC11 | Long             | DBT              | CORP              | US        |    864000 | PA      | $717120.00    | 1.78%             | 2028-06-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| LITHIUM AMERICAS CORP                                   | Lithium Americas Corp                                   | CUSIP: 53680QAA6<br>LEI: 529900Q9ENG7EHHZ5R75 | Long             | DBT              | CORP              | CA        |    236000 | PA      | $185024.00    | 0.46%             | 2027-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| VIRGIN GALACTIC HOLDINGS                                | Virgin Galactic Holdings Inc                            | CUSIP: 92766KAA4<br>LEI: 549300C631IMXCSMN048 | Long             | DBT              | CORP              | US        |     88000 | PA      | $39556.00     | 0.10%             | 2027-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PAR TECHNOLOGY CORP                                     | PAR Technology Corp                                     | CUSIP: 698884AE3<br>LEI: 549300HYPTHBJQINVG57 | Long             | DBT              | CORP              | US        |    395000 | PA      | $285585.00    | 0.71%             | 2027-10-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Cathay Pacific Airways Ltd                              | Cathay Pacific Airways Ltd                              | CUSIP: 000000000<br>LEI: EQNZNT235RBOJ6LJQZ02 | Short            | EC               | CORP              | HK        |   -514800 | NS      | $-559640.29   | -1.39%            |  |  |  | No            |                  2 | On Loan: No      |
| Guess? Inc                                              | Guess? Inc                                              | CUSIP: 401617105<br>LEI: 549300QVH3ZK2DW0KP86 | Short            | EC               | CORP              | US        |     -8222 | NS      | $-170113.18   | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Mortgage Investment Trust                      | PennyMac Mortgage Investment Trust                      | CUSIP: 70931T103<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EC               |  | US        |      1898 | NS      | $23516.22     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Bentley Systems Inc                                     | Bentley Systems Inc                                     | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Short            | EC               | CORP              | US        |      -720 | NS      | $-26611.20    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Magnite Inc                                             | Magnite Inc                                             | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Short            | EC               | CORP              | US        |     -1186 | NS      | $-12559.74    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| BRAEMAR HOTELS & RESORTS                                | Braemar Hotels & Resorts Inc                            | CUSIP: 10482BAB7<br>LEI: 549300JDUUEBN868C776 | Long             | DBT              |  | US        |    499000 | PA      | $473242.11    | 1.18%             | 2026-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Lucid Group Inc                                         | Lucid Group Inc                                         | CUSIP: 549498103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1559 | NS      | $10647.97     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pharming Group NV                                       | Pharming Group NV                                       | CUSIP: 000000000<br>LEI: 724500DCJ9MPG74JEH91 | Short            | EC               | CORP              | NL        |    -82385 | NS      | $-95438.91    | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| OKTA INC                                                | Okta Inc                                                | CUSIP: 679295AD7<br>LEI: 549300N8J06I8MRHU620 | Long             | DBT              | CORP              | US        |    628000 | PA      | $554838.00    | 1.38%             | 2025-09-01      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Apellis Pharmaceuticals Inc                             | Apellis Pharmaceuticals Inc                             | CUSIP: 03753U106<br>LEI: 254900HS0ZFRXXSB9D42 | Short            | EC               | CORP              | US        |    -14721 | NS      | $-761222.91   | -1.89%            |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY                                      | Ford Motor Co                                           | CUSIP: 345370CZ1<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    562000 | PA      | $533057.00    | 1.32%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REDWOOD TRUST INC                                       | Redwood Trust Inc                                       | CUSIP: 758075AE5<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | DBT              |  | US        |    315000 | PA      | $268159.50    | 0.67%             | 2027-06-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Sea Ltd                                                 | Sea Ltd                                                 | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Short            | EC               | CORP              | KY        |     -2774 | NS      | $-144331.22   | -0.36%            |  |  |  | No            |                  1 | On Loan: No      |
| OTA LLC                                                 | SHIFT TECHNOLOGIES INC                                  | CUSIP: 000000000<br>LEI: 5493005E2C5WY15S7E91 | N/A              | DE               |  | US        |        39 | NC      | $7410.00      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EZCORP INC                                              | EZCORP Inc                                              | CUSIP: 302301AG1<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |    338000 | PA      | $328705.00    | 0.82%             | 2029-12-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VISHAY INTERTECHNOLOGY                                  | Vishay Intertechnology Inc                              | CUSIP: 928298AP3<br>LEI: 5493009O8F3QQJTCQR75 | Long             | DBT              | CORP              | US        |    370000 | PA      | $358012.59    | 0.89%             | 2025-06-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| LUMINAR TECHNOLOGIES INC                                | Luminar Technologies Inc                                | CUSIP: 550424AA3<br>LEI: 549300AVGXLDWYMI4298 | Long             | DBT              | CORP              | US        |    153000 | PA      | $86643.90     | 0.22%             | 2026-12-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                 | Royal Caribbean Cruises Ltd                             | CUSIP: 780153BP6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1083000 | PA      | $1365663.00   | 3.39%             | 2025-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                       | DISH Network Corp                                       | CUSIP: 25470MAB5<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |     52000 | PA      | $32708.00     | 0.08%             | 2026-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Luminar Technologies Inc                                | Luminar Technologies Inc                                | CUSIP: 550424105<br>LEI: 549300AVGXLDWYMI4298 | Short            | EC               | CORP              | US        |     -3943 | NS      | $-19517.85    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| JUST EAT TAKEAWAY                                       | Just Eat Takeaway.com NV                                | CUSIP: 000000000<br>LEI: 724500FVZIBSSQ7SHI95 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $169166.48    | 0.42%             | 2026-04-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Eagle Bulk Shipping Inc                                 | Eagle Bulk Shipping Inc                                 | CUSIP: 000000000<br>LEI: 549300EC4INNZBWR8W37 | Short            | EC               | CORP              | MH        |    -17428 | NS      | $-870354.32   | -2.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Redwood Trust Inc                                       | Redwood Trust Inc                                       | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Short            | EC               |  | US        |    -10956 | NS      | $-74062.56    | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Tullett Prebon Financial Services LLC                   | GOL LINHAS AEREAS INTELIGENTES                          | CUSIP: 000000000<br>LEI: 5493002MIGPVI71S2611 | N/A              | DE               |  | BR        |        36 | NC      | $360.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OTA LLC                                                 | 8X8 INC                                                 | CUSIP: 000000000<br>LEI: 5493005E2C5WY15S7E91 | N/A              | DE               |  | US        |        40 | NC      | $200.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cutera Inc                                              | Cutera Inc                                              | CUSIP: 232109108<br>LEI: 529900NPKPEWJWR21Z42 | Short            | EC               | CORP              | US        |    -16496 | NS      | $-729453.12   | -1.81%            |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc                                                | Okta Inc                                                | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Short            | EC               | CORP              | US        |      -869 | NS      | $-59378.77    | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| VERITONE INC                                            | Veritone Inc                                            | CUSIP: 92347MAB6<br>LEI: 549300XTAS2FCSL4EL89 | Long             | DBT              | CORP              | US        |    227000 | PA      | $137902.50    | 0.34%             | 2026-11-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| STORAGEVAULT CANADA INC                                 | StorageVault Canada Inc                                 | CUSIP: 86212HAC9<br>LEI: 254900A6LDI0HRL1VD69 | Long             | DBT              | CORP              | CA        |     58000 | PA      | $42836.04     | 0.11%             | 2028-03-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CATHAY PACIFIC FIN III                                  | Cathay Pacific Finance III Ltd                          | CUSIP: 000000000<br>LEI: 549300K30Y0MI5T0HV31 | Long             | DBT              | CORP              | KY        |   6000000 | PA      | $830765.68    | 2.06%             | 2026-02-05      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| PALO ALTO NETWORKS                                      | Palo Alto Networks Inc                                  | CUSIP: 697435AD7<br>LEI: 549300QXR2YVZV231H43 | Long             | DBT              | CORP              | US        |    483000 | PA      | $764347.50    | 1.90%             | 2023-07-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| StorageVault Canada Inc                                 | StorageVault Canada Inc                                 | CUSIP: 86212H105<br>LEI: 254900A6LDI0HRL1VD69 | Short            | EC               | CORP              | CA        |     -2507 | NS      | $-11146.34    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Danimer Scientific Inc                                  | Danimer Scientific Inc                                  | CUSIP: 236272100<br>LEI: 549300L6Q02MAX72BH35 | Short            | EC               | CORP              | US        |     -9138 | NS      | $-16357.02    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| RBC Capital Markets LLC                                 | HEALTH CATALYST INC                                     | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | N/A              | DE               |  | US        |        10 | NC      | $150.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corp                                           | Carnival Corp                                           | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Short            | EC               | CORP              | PA        |    -20931 | NS      | $-168703.86   | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| DYE & DURHAM LIMITED                                    | Dye & Durham Ltd                                        | CUSIP: 267488AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    897000 | PA      | $516735.60    | 1.28%             | 2026-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| COUPA SOFTWARE INC                                      | Coupa Software Inc                                      | CUSIP: 22266LAF3<br>LEI: 549300Q95ICR2GFL2K37 | Long             | DBT              | CORP              | US        |     24000 | PA      | $23196.00     | 0.06%             | 2026-06-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| IVANHOE MINES LTD                                       | Ivanhoe Mines Ltd                                       | CUSIP: 46579RAA2<br>LEI: 5299006XZISURYIA4G32 | Long             | DBT              | CORP              | CA        |    293000 | PA      | $360243.50    | 0.90%             | 2026-04-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International Bank Ltd.                   | PENNYMAC MORTGAGE INVESTMENT TRUST                      | CUSIP: 000000000<br>LEI: EYKN6V0ZCB8VD9IULB80 | N/A              | DE               |  | US        |      7093 | OU      | $87882.27     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Sunnova Energy International Inc                        | Sunnova Energy International Inc                        | CUSIP: 86745K104<br>LEI: 549300JK1Y1VVC3JU540 | Short            | EC               | CORP              | US        |    -11064 | NS      | $-199262.64   | -0.50%            |  |  |  | No            |                  1 | On Loan: No      |
| PEABODY ENERGY CORP                                     | Peabody Energy Corp                                     | CUSIP: 704551AC4<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | DBT              | CORP              | US        |    525000 | PA      | $826087.50    | 2.05%             | 2028-03-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PENNYMAC CORP                                           | PennyMac Corp                                           | CUSIP: 70932AAD5<br>LEI: EWN0I878407TKQNXZ933 | Long             | DBT              | CORP              | US        |    403000 | PA      | $361692.50    | 0.90%             | 2024-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OTA LLC                                                 | INVESCO QQQ TRUST SERIES 1                              | CUSIP: 000000000<br>LEI: 5493005E2C5WY15S7E91 | N/A              | DE               |  | US        |       121 | NC      | $121.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OTA LLC                                                 | AMERICAN AIRLINES GROUP INC                             | CUSIP: 000000000<br>LEI: 5493005E2C5WY15S7E91 | N/A              | DE               |  | US        |        38 | NC      | $2850.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GREENBRIER COS INC                                      | Greenbrier Cos Inc/The                                  | CUSIP: 393657AM3<br>LEI: 5493001GAGGFR30BP390 | Long             | DBT              | CORP              | US        |    386000 | PA      | $342189.00    | 0.85%             | 2028-04-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| REDFIN CORP                                             | Redfin Corp                                             | CUSIP: 75737FAC2<br>LEI: 549300HXWD3JEMZU3O57 | Long             | DBT              | CORP              | US        |     44000 | PA      | $26427.72     | 0.07%             | 2025-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pebblebrook Hotel Trust                                 | Pebblebrook Hotel Trust                                 | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Short            | EC               |  | US        |     -9240 | NS      | $-123723.60   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Gol Linhas Aereas Inteligentes SA                       | Gol Linhas Aereas Inteligentes SA                       | CUSIP: 38045R206<br>LEI: 5299002CCNWVL0PVLP96 | Long             | EC               | CORP              | BR        |      3305 | NS      | $8824.35      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tullett Prebon Financial Services LLC                   | AMERICAN AIRLINES GROUP INC                             | CUSIP: 000000000<br>LEI: 5493002MIGPVI71S2611 | N/A              | DE               |  | US        |         7 | NC      | $42.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Capital Markets LLC                                 | LI AUTO INC                                             | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | N/A              | DE               |  | KY        |        19 | NC      | $912.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT                                  | HAT Holdings I LLC / HAT Holdings II LLC                | CUSIP: 418751AG8<br>LEI: N/A                  | Long             | DBT              |  | US        |    529000 | PA      | $486997.40    | 1.21%             | 2025-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International Bank Ltd.                   | PEBBLEBROOK HOTEL TRUST CFD                             | CUSIP: 000000000<br>LEI: EYKN6V0ZCB8VD9IULB80 | N/A              | DE               |  | US        |    249979 | OU      | $100198.59    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Burlington Stores Inc                                   | Burlington Stores Inc                                   | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Short            | EC               | CORP              | US        |     -2051 | NS      | $-415860.76   | -1.03%            |  |  |  | No            |                  1 | On Loan: No      |
| NCL CORPORATION LTD                                     | NCL Corp Ltd                                            | CUSIP: 62886HAX9<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $253375.00    | 0.63%             | 2025-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| OTA LLC                                                 | GOL LINHAS AEREAS INTELIGENTES                          | CUSIP: 000000000<br>LEI: 5493005E2C5WY15S7E91 | N/A              | DE               |  | BR        |        18 | NC      | $90.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ams-OSRAM AG                                            | ams-OSRAM AG                                            | CUSIP: 000000000<br>LEI: 5299001JPPT2QFTV5D76 | Short            | EC               | CORP              | AT        |     -6292 | NS      | $-46301.54    | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| CHEFS' WAREHOUSE THE                                    | Chefs' Warehouse Inc/The                                | CUSIP: 163086AD3<br>LEI: 549300JYEDC8C547E980 | Long             | DBT              | CORP              | US        |    522000 | PA      | $524296.80    | 1.30%             | 2028-12-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| American Airlines Group Inc                             | American Airlines Group Inc                             | CUSIP: 02376R102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -24704 | NS      | $-314234.88   | -0.78%            |  |  |  | No            |                  1 | On Loan: No      |
| Arbor Realty Trust Inc                                  | Arbor Realty Trust Inc                                  | CUSIP: 038923108<br>LEI: 549300ASFUWYQO0RW077 | Short            | EC               |  | US        |    -12159 | NS      | $-160377.21   | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| AMS-OSRAM AG                                            | ams-OSRAM AG                                            | CUSIP: 000000000<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |    600000 | PA      | $452639.57    | 1.13%             | 2027-11-03      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Dynavax Technologies Corp                               | Dynavax Technologies Corp                               | CUSIP: 268158201<br>LEI: 549300T5URIXWDILX594 | Long             | EC               | CORP              | US        |       696 | NS      | $7405.44      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Capital Markets LLC                                 | GUESS? INC                                              | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | N/A              | DE               |  | US        |        19 | NC      | $285.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OTA LLC                                                 | SIRIUS XM HOLDINGS INC                                  | CUSIP: 000000000<br>LEI: 5493005E2C5WY15S7E91 | N/A              | DE               |  | US        |        12 | NC      | $36.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                  | United States Treasury Bill                             | CUSIP: 912796ZJ1<br>LEI: 254900HROIFWPRGM1V77 | Short            | DBT              | UST               | US        | -11000000 | PA      | $-10992262.28 | -27.32%           | 2023-01-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WAYFAIR INC                                             | Wayfair Inc                                             | CUSIP: 94419LAM3<br>LEI: 54930027N9ZAVYFDHK53 | Long             | DBT              | CORP              | US        |    334000 | PA      | $219271.00    | 0.55%             | 2025-10-01      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| HOPE BANCORP INC                                        | Hope Bancorp Inc                                        | CUSIP: 43940TAB5<br>LEI: 549300UTF4QGMBHIZ219 | Long             | DBT              | CORP              | US        |   1259000 | PA      | $1236338.00   | 3.07%             | 2038-05-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NEXTGEN HEALTHCARE INC                                  | NextGen Healthcare Inc                                  | CUSIP: 65343CAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    520000 | PA      | $543527.77    | 1.35%             | 2027-11-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TechTarget Inc                                          | TechTarget Inc                                          | CUSIP: 87874R100<br>LEI: 529900YQA5JL2H2VMB84 | Short            | EC               | CORP              | US        |     -1019 | NS      | $-44897.14    | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| OTA LLC                                                 | NORWEGIAN CRUISE LINE HOLDINGS                          | CUSIP: 000000000<br>LEI: 5493005E2C5WY15S7E91 | N/A              | DE               |  | BM        |        58 | NC      | $4930.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Desktop Metal Inc                                       | Desktop Metal Inc                                       | CUSIP: 25058X105<br>LEI: 254900C3ZY0EFO5PGJ27 | Short            | EC               | CORP              | US        |   -191606 | NS      | $-260584.16   | -0.65%            |  |  |  | No            |                  1 | On Loan: No      |
| INTERCEPT PHARMAS                                       | Intercept Pharmaceuticals Inc                           | CUSIP: 45845PAC2<br>LEI: 254900JMB8TX5P688V24 | Long             | DBT              | CORP              | US        |     84000 | PA      | $85910.87     | 0.21%             | 2026-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Amyris Inc                                              | Amyris Inc                                              | CUSIP: 03236M200<br>LEI: 549300BG17WCUK6EIM58 | Short            | EC               | CORP              | US        |    -36340 | NS      | $-55600.20    | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                                                | Etsy Inc                                                | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Short            | EC               | CORP              | US        |      -624 | NS      | $-74742.72    | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| NextGen Healthcare Inc                                  | NextGen Healthcare Inc                                  | CUSIP: 65343C102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -13540 | NS      | $-254281.20   | -0.63%            |  |  |  | No            |                  1 | On Loan: No      |
| Merrill Lynch International Bank Ltd.                   | Cinemark Holdings Inc                                   | CUSIP: 000000000<br>LEI: EYKN6V0ZCB8VD9IULB80 | N/A              | DE               |  | US        |    368258 | OU      | $198990.09    | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| MP MATERIALS CORP                                       | MP Materials Corp                                       | CUSIP: 553368AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    483000 | PA      | $424436.25    | 1.05%             | 2026-04-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Tullett Prebon Financial Services LLC                   | DANIMER SCIENTIFIC INC                                  | CUSIP: 000000000<br>LEI: 5493002MIGPVI71S2611 | N/A              | DE               |  | US        |        31 | NC      | $2697.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Delivery Hero SE                                        | Delivery Hero SE                                        | CUSIP: 000000000<br>LEI: 529900C3EX1FZGE48X78 | Short            | EC               | CORP              | DE        |     -2087 | NS      | $-99982.76    | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| DISH Network Corp                                       | DISH Network Corp                                       | CUSIP: 25470M109<br>LEI: 529900U350CWHH15G169 | Short            | EC               | CORP              | US        |     -2470 | NS      | $-34678.80    | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Greenbrier Cos Inc/The                                  | Greenbrier Cos Inc/The                                  | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Short            | EC               | CORP              | US        |     -3820 | NS      | $-128084.60   | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| ETSY INC                                                | Etsy Inc                                                | CUSIP: 29786AAN6<br>LEI: 54930089Q7XT501AEA40 | Long             | DBT              | CORP              | US        |    250000 | PA      | $215325.00    | 0.54%             | 2028-06-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| EZCORP Inc                                              | EZCORP Inc                                              | CUSIP: 302301106<br>LEI: 5493003K6PG3ZQ7TUQ63 | Short            | EC               | CORP              | US        |    -58237 | NS      | $-474631.55   | -1.18%            |  |  |  | No            |                  1 | On Loan: No      |
| WOLFSPEED INC                                           | Wolfspeed Inc                                           | CUSIP: 977852AC6<br>LEI: 549300OGU88P3AW3TO93 | Long             | DBT              | CORP              | US        |     38000 | PA      | $34409.00     | 0.09%             | 2029-12-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| OKTA INC                                                | Okta Inc                                                | CUSIP: 679295AF2<br>LEI: 549300N8J06I8MRHU620 | Long             | DBT              | CORP              | US        |    290000 | PA      | $245050.00    | 0.61%             | 2026-06-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International Bank Ltd.                   | SIRIUS XM HOLDINGS INC                                  | CUSIP: 000000000<br>LEI: EYKN6V0ZCB8VD9IULB80 | N/A              | DE               |  | US        |    127549 | OU      | $5586.47      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Anywhere Real Estate Inc                                | Anywhere Real Estate Inc                                | CUSIP: 75605Y106<br>LEI: 5493004HBTOTE9DI9P12 | Short            | EC               | CORP              | US        |     -7526 | NS      | $-48091.14    | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| OPENDOOR TECHNOLOGIES IN                                | Opendoor Technologies Inc                               | CUSIP: 683712AA1<br>LEI: 254900KX11YZ4HV5BQ47 | Long             | DBT              | CORP              | US        |      2000 | PA      | $795.59       | 0.00%             | 2026-08-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Fiverr International Ltd                                | Fiverr International Ltd                                | CUSIP: 000000000<br>LEI: 549300Z8OREY6THCPF67 | Short            | EC               | CORP              | IL        |       -49 | NS      | $-1427.86     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| APELLIS PHARMACEUTICALS                                 | Apellis Pharmaceuticals Inc                             | CUSIP: 03753UAB2<br>LEI: 254900HS0ZFRXXSB9D42 | Long             | DBT              | CORP              | US        |    712000 | PA      | $1099595.00   | 2.73%             | 2026-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOL EQUITY FINANCE SA                                   | GOL Equity Finance SA                                   | CUSIP: 36256KAA8<br>LEI: 222100H9BH197YU7RY14 | Long             | DBT              | CORP              | LU        |    244000 | PA      | $117486.00    | 0.29%             | 2024-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Varex Imaging Corp                                      | Varex Imaging Corp                                      | CUSIP: 92214X106<br>LEI: 549300CWYWPVCT8E9W67 | Short            | EC               | CORP              | US        |    -32097 | NS      | $-651569.10   | -1.62%            |  |  |  | No            |                  1 | On Loan: No      |
| DANIMER SCIENTIFIC INC                                  | Danimer Scientific Inc                                  | CUSIP: 236272AA8<br>LEI: 549300L6Q02MAX72BH35 | Long             | DBT              | CORP              | US        |    264000 | PA      | $102564.00    | 0.25%             | 2026-12-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International Bank Ltd.                   | GOL LINHAS AEREAS INTELIGENTES SA PFD SHS SPONSORE      | CUSIP: 000000000<br>LEI: EYKN6V0ZCB8VD9IULB80 | N/A              | DE               |  | US        |     58394 | OU      | $39420.54     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercept Pharmaceuticals Inc                           | Intercept Pharmaceuticals Inc                           | CUSIP: 45845P108<br>LEI: 254900JMB8TX5P688V24 | Short            | EC               | CORP              | US        |     -2440 | NS      | $-30182.80    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares iBoxx High Yield Corporate Bond ETF             | iShares iBoxx High Yield Corporate Bond ETF             | CUSIP: 464288513<br>LEI: 549300WY6QQ9HGWLNX87 | Short            | EC               | RF                | US        |    -42797 | NS      | $-3151143.11  | -7.83%            |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                                              | Airbnb Inc                                              | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Short            | EC               | CORP              | US        |      -128 | NS      | $-10944.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Pacira BioSciences Inc                                  | Pacira BioSciences Inc                                  | CUSIP: 695127100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -575 | NS      | $-22200.75    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| COUPA SOFTWARE INC                                      | Coupa Software Inc                                      | CUSIP: 22266LAC0<br>LEI: 549300Q95ICR2GFL2K37 | Long             | DBT              | CORP              | US        |    175000 | PA      | $169977.50    | 0.42%             | 2025-06-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| CUTERA INC                                              | Cutera Inc                                              | CUSIP: 232109AC2<br>LEI: 529900NPKPEWJWR21Z42 | Long             | DBT              | CORP              | US        |    705000 | PA      | $752940.00    | 1.87%             | 2028-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Wolfspeed Inc                                           | Wolfspeed Inc                                           | CUSIP: 977852102<br>LEI: 549300OGU88P3AW3TO93 | Short            | EC               | CORP              | US        |      -232 | NS      | $-16017.28    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Groupon Inc                                             | Groupon Inc                                             | CUSIP: 399473206<br>LEI: 5299005W5W1R5POQJL03 | Short            | EC               | CORP              | US        |     -1024 | NS      | $-8785.92     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| TWO HARBORS INV CORP                                    | Two Harbors Investment Corp                             | CUSIP: 90187BAB7<br>LEI: 549300ZUIBT6KH4HU823 | Long             | DBT              | CORP              | US        |    604000 | PA      | $521363.02    | 1.30%             | 2026-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Bank N.A.                                   | AMERICAN AIRLINES GROUP INC                             | CUSIP: 000000000<br>LEI: KB1H1DSPRFMYMCUFXT09 | N/A              | DE               |  | US        |        19 | NC      | $608.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GOSSAMER BIO INC                                        | Gossamer Bio Inc                                        | CUSIP: 38341PAA0<br>LEI: 549300ZOC0N2W6PSFR58 | Long             | DBT              | CORP              | US        |    390000 | PA      | $126165.00    | 0.31%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COHERUS BIOSCIENCES INC                                 | Coherus Biosciences Inc                                 | CUSIP: 19249HAB9<br>LEI: 5493007IL8W5MV932D26 | Long             | DBT              | CORP              | US        |    873000 | PA      | $573997.50    | 1.43%             | 2026-04-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Altair Engineering Inc                                  | Altair Engineering Inc                                  | CUSIP: 021369103<br>LEI: 549300FJ89HZ6GU9S994 | Short            | EC               | CORP              | US        |     -2998 | NS      | $-136319.06   | -0.34%            |  |  |  | No            |                  1 | On Loan: No      |
| COLLEGIUM PHARMA INC                                    | Collegium Pharmaceutical Inc                            | CUSIP: 19459JAA2<br>LEI: 54930049FXZMTLW8D496 | Long             | DBT              | CORP              | US        |    811000 | PA      | $825192.50    | 2.05%             | 2026-02-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| 8X8 INC                                                 | 8x8 Inc                                                 | CUSIP: 282914AE0<br>LEI: 254900XWSOC5U1BRW939 | Long             | DBT              | CORP              | US        |    475000 | PA      | $393775.00    | 0.98%             | 2028-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Collegium Pharmaceutical Inc                            | Collegium Pharmaceutical Inc                            | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Short            | EC               | CORP              | US        |    -19968 | NS      | $-463257.60   | -1.15%            |  |  |  | No            |                  1 | On Loan: No      |
| OTA LLC                                                 | SIRIUS XM HOLDINGS INC                                  | CUSIP: 000000000<br>LEI: 5493005E2C5WY15S7E91 | N/A              | DE               |  | US        |      -154 | NC      | $-16170.00    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| KAMAN CORP                                              | Kaman Corp                                              | CUSIP: 483548AF0<br>LEI: 5493003YK076OLTEQF95 | Long             | DBT              | CORP              | US        |    222000 | PA      | $207459.00    | 0.52%             | 2024-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| 8x8 Inc                                                 | 8x8 Inc                                                 | CUSIP: 282914100<br>LEI: 254900XWSOC5U1BRW939 | Short            | EC               | CORP              | US        |    -53185 | NS      | $-229759.20   | -0.57%            |  |  |  | No            |                  1 | On Loan: No      |
| Livent Corp                                             | Livent Corp                                             | CUSIP: 53814L108<br>LEI: 254900OOLQ2VNMZTJL47 | Short            | EC               | CORP              | US        |    -49480 | NS      | $-983167.60   | -2.44%            |  |  |  | No            |                  1 | On Loan: No      |
| ZIP CO LTD                                              | Zip Co Ltd                                              | CUSIP: 000000000<br>LEI: 254900RM95URFC15G140 | Long             | DBT              | CORP              | AU        |    300000 | PA      | $45957.38     | 0.11%             | 2028-04-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Semtech Corp                                            | Semtech Corp                                            | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Short            | EC               | CORP              | US        |     -9985 | NS      | $-286469.65   | -0.71%            |  |  |  | No            |                  1 | On Loan: No      |
| HEALTH CATALYST INC                                     | Health Catalyst Inc                                     | CUSIP: 42225TAB3<br>LEI: 549300223PL6GWKVJG92 | Long             | DBT              | CORP              | US        |    528000 | PA      | $462792.00    | 1.15%             | 2025-04-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| OTA LLC                                                 | SHIFT TECHNOLOGIES INC                                  | CUSIP: 000000000<br>LEI: 5493005E2C5WY15S7E91 | N/A              | DE               |  | US        |         8 | NC      | $1880.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp                                       | Bloom Energy Corp                                       | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Short            | EC               | CORP              | US        |    -38512 | NS      | $-736349.44   | -1.83%            |  |  |  | No            |                  1 | On Loan: No      |
| CENTURY ALUMINUM COMPANY                                | Century Aluminum Co                                     | CUSIP: 156431AQ1<br>LEI: 549300U5ODNGEYWKSW73 | Long             | DBT              | CORP              | US        |    293000 | PA      | $211546.00    | 0.53%             | 2028-05-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Norwegian Cruise Line Holdings Ltd                      | Norwegian Cruise Line Holdings Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Short            | EC               | CORP              | BM        |    -27159 | NS      | $-332426.16   | -0.83%            |  |  |  | No            |                  1 | On Loan: No      |
| Li Auto Inc                                             | Li Auto Inc                                             | CUSIP: 50202M102<br>LEI: 2549003R73Q70J5H4I65 | Short            | EC               | CORP              | KY        |    -22346 | NS      | $-455858.40   | -1.13%            |  |  |  | No            |                  1 | On Loan: No      |
| AURORA CANNABIS INC                                     | Aurora Cannabis Inc                                     | CUSIP: 05156XAG3<br>LEI: 549300F6VHCLKCUWDT34 | Long             | DBT              | CORP              | CA        |    315000 | PA      | $302400.00    | 0.75%             | 2024-02-28      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CINEMARK HOLDINGS INC                                   | Cinemark Holdings Inc                                   | CUSIP: 17243VAB8<br>LEI: 549300LL2QMPTYIE0K55 | Long             | DBT              | CORP              | US        |    966000 | PA      | $927436.00    | 2.31%             | 2025-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CONFLUENT INC                                           | Confluent Inc                                           | CUSIP: 20717MAB9<br>LEI: 254900MRZ83YWUV7SN74 | Long             | DBT              | CORP              | US        |     57000 | PA      | $43320.00     | 0.11%             | 2027-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wayfair Inc                                             | Wayfair Inc                                             | CUSIP: 94419L101<br>LEI: 54930027N9ZAVYFDHK53 | Short            | EC               | CORP              | US        |     -5560 | NS      | $-182868.40   | -0.45%            |  |  |  | No            |                  1 | On Loan: No      |
| AFFIRM HOLDINGS INC                                     | Affirm Holdings Inc                                     | CUSIP: 00827BAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     13000 | PA      | $7215.00      | 0.02%             | 2026-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International Bank Ltd.                   | ISHARES IBOXX H/Y CORP BOND CFD                         | CUSIP: 000000000<br>LEI: EYKN6V0ZCB8VD9IULB80 | N/A              | DE               |  | US        |    378090 | OU      | $33795.79     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| EZCORP INC                                              | EZCORP Inc                                              | CUSIP: 302301AF3<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |    637000 | PA      | $676621.40    | 1.68%             | 2024-07-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES GROUP                                 | American Airlines Group Inc                             | CUSIP: 02376RAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    579000 | PA      | $613161.00    | 1.52%             | 2025-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International Bank Ltd.                   | MP MATERIALS CORP CFD                                   | CUSIP: 000000000<br>LEI: EYKN6V0ZCB8VD9IULB80 | N/A              | DE               |  | US        |    167938 | OU      | $41414.42     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Repay Holdings Corp                                     | Repay Holdings Corp                                     | CUSIP: 76029L100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -2722 | NS      | $-21912.10    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Herbalife Nutrition Ltd                                 | Herbalife Nutrition Ltd                                 | CUSIP: 000000000<br>LEI: 549300BA7TYPBSZZIA41 | Short            | EC               | CORP              | KY        |    -13139 | NS      | $-195508.32   | -0.49%            |  |  |  | No            |                  1 | On Loan: No      |
| WAYFAIR INC                                             | Wayfair Inc                                             | CUSIP: 94419LAF8<br>LEI: 54930027N9ZAVYFDHK53 | Long             | DBT              | CORP              | US        |    703000 | PA      | $401623.90    | 1.00%             | 2026-08-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| CUTERA INC                                              | Cutera Inc                                              | CUSIP: 232109AF5<br>LEI: 529900NPKPEWJWR21Z42 | Long             | DBT              | CORP              | US        |     98000 | PA      | $100263.80    | 0.25%             | 2029-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VEECO INSTRUMENTS INC                                   | Veeco Instruments Inc                                   | CUSIP: 922417AF7<br>LEI: 5493004201F72ADDZW04 | Long             | DBT              | CORP              | US        |    805000 | PA      | $1244127.50   | 3.09%             | 2027-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| XOMETRY INC                                             | Xometry Inc                                             | CUSIP: 98423FAA7<br>LEI: 5493006JFRGU7YRRXE44 | Long             | DBT              | CORP              | US        |    505000 | PA      | $429044.74    | 1.07%             | 2027-02-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| AMYRIS INC                                              | Amyris Inc                                              | CUSIP: 03236MAJ0<br>LEI: 549300BG17WCUK6EIM58 | Long             | DBT              | CORP              | US        |    718000 | PA      | $232632.00    | 0.58%             | 2026-11-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| PACIRA PHARMACEUTICALS                                  | Pacira BioSciences Inc                                  | CUSIP: 695127AF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    118000 | PA      | $106863.75    | 0.27%             | 2025-08-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Radius Global Infrastructure Inc                        | Radius Global Infrastructure Inc                        | CUSIP: 750481103<br>LEI: 213800NT341MQ5USBX63 | Short            | EC               | CORP              | US        |    -13771 | NS      | $-162773.22   | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| LIVENT CORP                                             | Livent Corp                                             | CUSIP: 53814LAB4<br>LEI: 254900OOLQ2VNMZTJL47 | Long             | DBT              | CORP              | US        |    459000 | PA      | $1103665.50   | 2.74%             | 2025-07-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| LIBERTY BROADBAND CORP                                  | Liberty Broadband Corp                                  | CUSIP: 530307AA5<br>LEI: 549300MIX43II8JLN536 | Long             | DBT              | CORP              | US        |    764000 | PA      | $746009.13    | 1.85%             | 2050-09-30      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| INOTIV INC                                              | Inotiv Inc                                              | CUSIP: 45783QAB6<br>LEI: 549300FH5Z13X0Q5SK81 | Long             | DBT              | CORP              | US        |    376000 | PA      | $154160.00    | 0.38%             | 2027-10-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Infinera Corp                                           | Infinera Corp                                           | CUSIP: 45667G103<br>LEI: 549300ZOF66WPV3H0H17 | Short            | EC               | CORP              | US        |    -13439 | NS      | $-90578.86    | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| Cinemark Holdings Inc                                   | Cinemark Holdings Inc                                   | CUSIP: 17243V102<br>LEI: 549300LL2QMPTYIE0K55 | Short            | EC               | CORP              | US        |    -17516 | NS      | $-151688.56   | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Xometry Inc                                             | Xometry Inc                                             | CUSIP: 98423F109<br>LEI: 5493006JFRGU7YRRXE44 | Short            | EC               | CORP              | US        |     -6025 | NS      | $-194185.75   | -0.48%            |  |  |  | No            |                  1 | On Loan: No      |
| Avadel Pharmaceuticals PLC                              | Avadel Pharmaceuticals PLC                              | CUSIP: 05337M104<br>LEI: 549300E27PTSG2RHC762 | Short            | EC               | CORP              | IE        |    -23881 | NS      | $-170987.96   | -0.43%            |  |  |  | No            |                  1 | On Loan: No      |
| Omeros Corp                                             | Omeros Corp                                             | CUSIP: 682143102<br>LEI: 549300CJWLXX2MXVVV71 | Short            | EC               | CORP              | US        |      -406 | NS      | $-917.56      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Ionis Pharmaceuticals Inc                               | Ionis Pharmaceuticals Inc                               | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Short            | EC               | CORP              | US        |     -1274 | NS      | $-48118.98    | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| I3 Verticals Inc                                        | I3 Verticals Inc                                        | CUSIP: 46571Y107<br>LEI: 549300944CYWVP06CJ97 | Short            | EC               | CORP              | US        |     -6647 | NS      | $-161787.98   | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| Helix Energy Solutions Group Inc                        | Helix Energy Solutions Group Inc                        | CUSIP: 42330P107<br>LEI: 416AP2JOUTCWEGSOZW41 | Short            | EC               | CORP              | US        |    -80150 | NS      | $-591507.00   | -1.47%            |  |  |  | No            |                  1 | On Loan: No      |
| SEA LTD                                                 | Sea Ltd                                                 | CUSIP: 81141RAF7<br>LEI: 529900OM6JLLW44YKI15 | Long             | DBT              | CORP              | KY        |    483000 | PA      | $476672.70    | 1.18%             | 2025-12-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP FINANCECO 2                                 | Match Group Financeco 2 Inc                             | CUSIP: 44932FAA5<br>LEI: 549300IPGK4BWL134U96 | Long             | DBT              | CORP              | US        |    724000 | PA      | $644812.50    | 1.60%             | 2026-06-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Sirius XM Holdings Inc                                  | Sirius XM Holdings Inc                                  | CUSIP: 82968B103<br>LEI: 54930055RWDMVXAGZK98 | Short            | EC               | CORP              | US        |     -7801 | NS      | $-45557.84    | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| ZTO EXPRESS KY INC                                      | ZTO Express Cayman Inc                                  | CUSIP: 98980AAA3<br>LEI: 549300SCJPK3YZJTJR78 | Long             | DBT              | CORP              | KY        |    290000 | PA      | $307110.00    | 0.76%             | 2027-09-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| SPOTIFY USA INC                                         | Spotify USA Inc                                         | CUSIP: 84921RAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     14000 | PA      | $11340.00     | 0.03%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PetIQ Inc                                               | PetIQ Inc                                               | CUSIP: 71639T106<br>LEI: 549300GROACFGKVYOX14 | Short            | EC               | CORP              | US        |      -911 | NS      | $-8399.42     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| SNAP INC                                                | Snap Inc                                                | CUSIP: 83304AAG1<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |     51000 | PA      | $34297.50     | 0.09%             | 2028-03-01      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Blackline Inc                                           | Blackline Inc                                           | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Short            | EC               | CORP              | US        |       -96 | NS      | $-6457.92     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc                                       | Post Holdings Inc                                       | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Short            | EC               | CORP              | US        |     -1354 | NS      | $-122212.04   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| MANNKIND CORP                                           | MannKind Corp                                           | CUSIP: 56400PAQ5<br>LEI: 213800GFBCNY1ZFST722 | Long             | DBT              | CORP              | US        |   1452000 | PA      | $1734414.00   | 4.31%             | 2026-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MAGNITE INC                                             | Magnite Inc                                             | CUSIP: 55955DAB6<br>LEI: 54930018FR2YX1HHSB02 | Long             | DBT              | CORP              | US        |    121000 | PA      | $94609.90     | 0.24%             | 2026-03-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Mitek Systems Inc                                       | Mitek Systems Inc                                       | CUSIP: 606710200<br>LEI: 549300ABZAQ3R25XG118 | Short            | EC               | CORP              | US        |    -13817 | NS      | $-133886.73   | -0.33%            |  |  |  | No            |                  1 | On Loan: No      |
| GUESS INC                                               | Guess? Inc                                              | CUSIP: 401617AD7<br>LEI: 549300QVH3ZK2DW0KP86 | Long             | DBT              | CORP              | US        |   1013000 | PA      | $1079478.13   | 2.68%             | 2024-04-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HERBALIFE LTD                                           | Herbalife Nutrition Ltd                                 | CUSIP: 42703MAD5<br>LEI: 549300BA7TYPBSZZIA41 | Long             | DBT              | CORP              | KY        |    207000 | PA      | $191371.50    | 0.48%             | 2024-03-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| ALTAIR ENGINEERING INC                                  | Altair Engineering Inc                                  | CUSIP: 021369AB9<br>LEI: 549300FJ89HZ6GU9S994 | Long             | DBT              | CORP              | US        |    356000 | PA      | $326808.00    | 0.81%             | 2027-06-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| FIVERR INTERNATIONAL LTD                                | Fiverr International Ltd                                | CUSIP: 33835LAA3<br>LEI: 549300Z8OREY6THCPF67 | Long             | DBT              | CORP              | IL        |     51000 | PA      | $41638.06     | 0.10%             | 2025-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ford Motor Co                                           | Ford Motor Co                                           | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Short            | EC               | CORP              | US        |    -17316 | NS      | $-201385.08   | -0.50%            |  |  |  | No            |                  1 | On Loan: No      |
| FISKER INC                                              | Fisker Inc                                              | CUSIP: 33813JAA4<br>LEI: 549300UUN5RWU44MBX79 | Long             | DBT              | CORP              | US        |    738000 | PA      | $361620.00    | 0.90%             | 2026-09-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY TRUST INC                                  | Arbor Realty Trust Inc                                  | CUSIP: 038923AZ1<br>LEI: 549300ASFUWYQO0RW077 | Long             | DBT              |  | US        |    506000 | PA      | $505241.00    | 1.26%             | 2025-08-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Series 1                              | Invesco QQQ Trust Series 1                              | CUSIP: 46090E103<br>LEI: 549300VY6FEJBCIMET58 | Short            | EC               | RF                | US        |      -101 | NS      | $-26894.28    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Summit Hotel Properties Inc                             | Summit Hotel Properties Inc                             | CUSIP: 866082100<br>LEI: 254900OBQWJK6X20LS71 | Short            | EC               |  | US        |    -10992 | NS      | $-79362.24    | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-20

**Name of Applicant:** LAZARD FUNDS INC

**Signature:** Christopher Snively

**Name of Signer:** Christopher Snively

**Title:** Chief Financial Officer and Treasurer