# EDGAR Filing Document

**Accession Number:** 0001593547
**File Stem:** 0002048251-26-005308
**Filing Date:** 2026-6
**Character Count:** 103915
**Document Hash:** 39a445c483b288fcd06643cfbc1fd378
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-005308.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0002048251-26-005308

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Advisors' Inner Circle Fund III
- **CENTRAL INDEX KEY:** 0001593547

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22920
- **FILM NUMBER:** 261121218

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456
- **BUSINESS PHONE:** (800) 342-5734

**MAIL ADDRESS:**
- **STREET 1:** ONE FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456

## Series and Classes Contracts Data

### Knights of Columbus Limited Duration Fund (Series ID: S000048263)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000152510 | I Shares       | KCLIX           |
| C000158706 | Class S Shares | KCLSX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ADVISORS' INNER CIRCLE III

- **b. Investment Company Act file number:** 811-22920

- **c. CIK number of Registrant:** 0001593547

- **d. LEI of Registrant:** 549300TG800HOPJVWT31

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

  - **Street Address 1:** ONE FREEDOM VALLEY DRIVE

  - **City:** OAKS

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19456

  - **Telephone number:** 8774463863

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

- **a. Name of Series:** Knights of Columbus Limited Duration Bond Fund

- **b. EDGAR series identifier (if any):** S000048263

- **c. LEI of Series:** 5493008XUKTF2Q48C538

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $248479581.15

**Total Liabilities:** $359337.03

**Net Assets:** $248120244.12

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -365.68318093 | **1-Year:** -20666.82133596 | **5-Year:** -13150.69983882 | **10-Year:** -1072.71589763 | **30-Year:** -199.26252656

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

- **3-Month:** -201.27954208 | **1-Year:** -3434.32490059 | **5-Year:** -1999.41181328 | **10-Year:** -194.47965740 | **30-Year:** -2.65126070

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000158706 | 0.41%                | -0.46%               | 0.31%                |
| Class ID C000152510 | 0.31%                | -0.43%               | 0.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $17169.60                | $131110.58                                 |
| Month 2  | $25517.95                | $-2164305.39                               |
| Month 3  | $493190.60               | $-331205.54                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| OWENS CORNING                                         | OWENS CORNING 3.950000% 08/15/2029                                      | CUSIP: 690742AJ0<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1287937.82   | 0.52%             | 2029-08-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| TOLL BROTHERS FINANCE CORP.                           | TOLL BROTHERS FINANCE CORP 4.350000% 02/15/2028                         | CUSIP: 88947EAT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1320000 | PA      | $1314977.94   | 0.53%             | 2028-02-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST                | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2025-2 SDART 2025-2 B            | CUSIP: 80287NAD7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    535000 | PA      | $538236.05    | 0.22%             | 2031-05-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST                          | FORD CREDIT AUTO OWNER TRUST 2023-B FORDO 2023-B B                      | CUSIP: 344930AF9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1050000 | PA      | $1061427.89   | 0.43%             | 2029-03-15      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| TWIN BROOK CLO LLC                                    | TWIN BROOK CLO 2024-1 LLC TWBRK 2024-1A A                               | CUSIP: 901397AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    750000 | PA      | $750682.50    | 0.30%             | 2036-07-20      | Floating      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| AUDAX SENIOR DEBT CLO                                 | AUDAX SENIOR DEBT CLO 12 LLC AUDAX 2025-12A B                           | CUSIP: 05071UAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $738024.75    | 0.30%             | 2037-04-22      | Floating      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION       | WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP 4.700000% 09/15/2028           | CUSIP: 960386AM2<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |   1315000 | PA      | $1319113.66   | 0.53%             | 2028-09-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC.                                   | ALLY FINANCIAL INC 2.200000% 11/02/2028                                 | CUSIP: 02005NBP4<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1335000 | PA      | $1260175.41   | 0.51%             | 2028-11-02      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST                                   | RKTL 2026-1 RKTL 2026-1A B                                              | CUSIP: 74990JAB1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    650000 | PA      | $645208.14    | 0.26%             | 2035-02-26      | Fixed         | 4.33%                 | Yes           |                  2 | On Loan: No      |
| DELL INTERNATIONAL L.L.C.                             | DELL INTERNATIONAL LLC / EMC CORP 5.300000% 10/01/2029                  | CUSIP: 24703TAG1<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |   1255000 | PA      | $1282277.35   | 0.52%             | 2029-10-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                    | ENERGY TRANSFER LP 6.625000% MATURITY: PERPETUAL                        | CUSIP: 29273VAJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1240836.30   | 0.50%             | 2175-02-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| nVent Finance S.a r.l.                                | NVENT FINANCE SARL 4.550000% 04/15/2028                                 | CUSIP: 67078AAD5<br>LEI: 549300KO1OQ4MVFB6X02 | Long             | DBT              | NUSS              | GB        |   1315000 | PA      | $1307688.78   | 0.53%             | 2028-04-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| United States of America                              | US TREASURY N/B 3.875000% 12/31/2027                                    | CUSIP: 91282CGC9<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |  10505000 | PA      | $10502537.84  | 4.23%             | 2027-12-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Dominion Energy, Inc.                                 | DOMINION ENERGY INC 4.600000% 05/15/2028                                | CUSIP: 25746UDY2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    980000 | PA      | $983252.81    | 0.40%             | 2028-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| United States of America                              | US TREASURY N/B 4.375000% 11/30/2028                                    | CUSIP: 91282CJN2<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |   7863800 | PA      | $7952574.91   | 3.21%             | 2028-11-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC                                 | AMRIZE FINANCE US LLC 4.700000% 04/07/2028                              | CUSIP: 43475RAQ9<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1234741.54   | 0.50%             | 2028-04-07      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| United States of America                              | US TREASURY N/B 3.375000% 02/29/2028                                    | CUSIP: 91282CQB0<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |   3000000 | PA      | $2973750.00   | 1.20%             | 2028-02-29      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SCF EQUIPMENT LEASING LLC                             | SCF EQUIPMENT LEASING 2025-2 LLC SCFET 2025-2A A3                       | CUSIP: 78439XAC8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    600000 | PA      | $596013.84    | 0.24%             | 2036-06-20      | Fixed         | 4.33%                 | Yes           |                  2 | On Loan: No      |
| SONOCO PRODUCTS COMPANY                               | SONOCO PRODUCTS CO 4.600000% 09/01/2029                                 | CUSIP: 835495AR3<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1287731.10   | 0.52%             | 2029-09-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | GINNIE MAE I POOL GN 686911                                             | CUSIP: 36296CDQ0<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |       618 | PA      | $634.31       | 0.00%             | 2038-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | FANNIE MAE POOL FN 257262                                               | CUSIP: 31371NWX9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |       841 | PA      | $864.14       | 0.00%             | 2038-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AGREE LIMITED PARTNERSHIP                             | AGREE LP 2.000000% 06/15/2028                                           | CUSIP: 008513AB9<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              | CORP              | US        |   1330000 | PA      | $1263547.19   | 0.51%             | 2028-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ALLIANT ENERGY FINANCE, LLC                           | ALLIANT ENERGY FINANCE LLC 144A 5.950000% 03/30/2029                    | CUSIP: 01882YAE6<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1281805.11   | 0.52%             | 2029-03-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| OCCU AUTO RECEIVABLES TRUST                           | OCCU AUTO RECEIVABLES TRUST 2025-1 OCCU 2025-1A A4                      | CUSIP: 67098SAD2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    550000 | PA      | $553321.07    | 0.22%             | 2031-01-15      | Fixed         | 4.79%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association              | GINNIE MAE I POOL GN 604647                                             | CUSIP: 36200MWG4<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |      2391 | PA      | $2427.77      | 0.00%             | 2033-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BINOM MORTGAGE LOAN TRUST                             | BINOM MORTGAGE LOAN TRUST 2026-NQM1 BINOM 2026-NQM1 A1                  | CUSIP: 09055CAE8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    630000 | PA      | $627737.03    | 0.25%             | 2066-02-25      | Floating      | 5.06%                 | Yes           |                  2 | On Loan: No      |
| OWN EQUIPMENT FUND                                    | OWN EQUIPMENT FUND I LLC EQS 2024-2M A                                  | CUSIP: 69121NAA6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    341265 | PA      | $342682.73    | 0.14%             | 2032-12-20      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS, INC.                                | KYNDRYL HOLDINGS INC 2.700000% 10/15/2028                               | CUSIP: 50155QAK6<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |   2240000 | PA      | $2105702.12   | 0.85%             | 2028-10-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINANCIAL COMPANY, INC.                | GENERAL MOTORS FINANCIAL CO INC 4.200000% 10/27/2028                    | CUSIP: 37045XFL5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1265000 | PA      | $1254675.27   | 0.51%             | 2028-10-27      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS AMERICA INC.                       | BP CAPITAL MARKETS AMERICA INC 4.868000% 11/25/2029                     | CUSIP: 10373QCB4<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1300781.68   | 0.52%             | 2029-11-25      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INCORPORATED                     | MICROCHIP TECHNOLOGY INC 4.900000% 03/15/2028                           | CUSIP: 595017BK9<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1307484.41   | 0.53%             | 2028-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORPORATION                          | BLUE OWL CAPITAL CORP 2.875000% 06/11/2028                              | CUSIP: 69121KAG9<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |   1330000 | PA      | $1247637.58   | 0.50%             | 2028-06-11      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| NELNET STUDENT LOAN CORPORATION                       | NELNET STUDENT LOAN TRUST 2014-2 NSLT 2014-2A A3                        | CUSIP: 64033LAC4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    589878 | PA      | $590026.32    | 0.24%             | 2037-07-27      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL, INC.                                    | BERRY GLOBAL INC 5.500000% 04/15/2028                                   | CUSIP: 08576PAL5<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1262634.55   | 0.51%             | 2028-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | GINNIE MAE I POOL GN 617705                                             | CUSIP: 36290UGN0<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |      1143 | PA      | $1204.39      | 0.00%             | 2037-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST                          | PAGAYA AI DEBT GRANTOR TRUST 2024-11 PAID 2024-11 B                     | CUSIP: 69544AAB1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    273289 | PA      | $274806.23    | 0.11%             | 2032-07-15      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| TCW CLO LTD                                           | TCW CLO 2019-2 LTD TCW 2019-2A A1R2                                     | CUSIP: 87242BBG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1270000 | PA      | $1270240.03   | 0.51%             | 2038-01-20      | Floating      | 4.95%                 | Yes           |                  2 | On Loan: No      |
| DRIVE AUTO RECEIVABLES TRUST                          | DRIVE AUTO RECEIVABLES TRUST 2025-2 DRIVE 2025-2 B                      | CUSIP: 262103AE4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    570000 | PA      | $567790.91    | 0.23%             | 2032-09-15      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| SCMS MTG TR                                           | SCMS 2025-BNC1 MORTGAGE TRUST SCMS 2025-BNC1 AS                         | CUSIP: 78398LAG4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1185000 | PA      | $1188131.13   | 0.48%             | 2057-12-15      | Floating      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| NTT FINANCE CORPORATION                               | NTT FINANCE CORP 144A 4.620000% 07/16/2028                              | CUSIP: 62954WAQ8<br>LEI: 3538007PR116187GD960 | Long             | DBT              | NUSS              | JP        |   1315000 | PA      | $1320070.96   | 0.53%             | 2028-07-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Spirit Airlines Pass Through Trusts                   | SPIRIT AIRLINES PASS THROUGH TRUST 2015-1A 4.100000% 04/01/2028         | CUSIP: 84858DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    803173 | PA      | $776262.46    | 0.31%             | 2028-04-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | GINNIE MAE I POOL GN 586974                                             | CUSIP: 36201MCK6<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |       304 | PA      | $316.06       | 0.00%             | 2032-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                           | FREDDIE MAC GOLD POOL FG A84454                                         | CUSIP: 3129305P1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |      2033 | PA      | $1956.09      | 0.00%             | 2039-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN, INC.                                        | 7-ELEVEN INC 144A 1.300000% 02/10/2028                                  | CUSIP: 817826AD2<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |   1320000 | PA      | $1249173.80   | 0.50%             | 2028-02-10      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| STORE CAPITAL LLC                                     | STORE CAPITAL LLC 4.500000% 03/15/2028                                  | CUSIP: 862121AA8<br>LEI: 254900Z9PIEFQ6AYXK50 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1890980.07   | 0.76%             | 2028-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GRACIE POINT INTERNATIONAL FUNDING                    | GRACIE POINT INTERNATIONAL FUNDING 2025-1 LLC GPIF 2025-1A A            | CUSIP: 38411WAA0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $1000983.20   | 0.40%             | 2028-08-15      | Floating      | 5.15%                 | Yes           |                  2 | On Loan: No      |
| SLM STUDENT LOAN TRUST                                | SLM STUDENT LOAN TRUST 2006-10 SLMA 2006-10 A6                          | CUSIP: 78443BAG1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    785534 | PA      | $759456.40    | 0.31%             | 2044-03-25      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST                | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2025-4 SDART 2025-4 B            | CUSIP: 802923AD4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    600000 | PA      | $597793.02    | 0.24%             | 2032-01-15      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK OF COMMERCE                    | CANADIAN IMPERIAL BANK OF COMMERCE 4.857000% 03/30/2029                 | CUSIP: 13607PH98<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | NUSS              | CA        |    945000 | PA      | $951818.80    | 0.38%             | 2029-03-30      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| BARINGS PRIVATE CREDIT CORP CLO LTD                   | BARINGS PRIVATE CREDIT CORP CLO 2023-1 LTD BPCC 2023-1A A1BR            | CUSIP: 067930AN7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |    995000 | PA      | $994972.14    | 0.40%             | 2036-10-15      | Floating      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST INC                     | CITIGROUP MORTGAGE LOAN TRUST 2024-1 CMLTI 2024-1 A7A                   | CUSIP: 17332CBP0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    215496 | PA      | $216153.03    | 0.09%             | 2054-07-25      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association              | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2022-212 HP                | CUSIP: 38383LWR7<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1041064 | PA      | $1039805.03   | 0.42%             | 2043-06-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST                               | CARMAX AUTO OWNER TRUST 2025-1 CARMX 2025-1 B                           | CUSIP: 14319WAF3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    490000 | PA      | $494183.82    | 0.20%             | 2030-09-16      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| BX TRUST                                              | BX TRUST 2025-LUNR BX 2025-LUNR B                                       | CUSIP: 05594CAD6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    404695 | PA      | $405453.59    | 0.16%             | 2040-06-15      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE COMPANY                    | HEWLETT PACKARD ENTERPRISE CO 4.550000% 10/15/2029                      | CUSIP: 42824CBT5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1295375.86   | 0.52%             | 2029-10-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | FANNIE MAE POOL FN 886371                                               | CUSIP: 31410DW89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |       221 | PA      | $233.59       | 0.00%             | 2036-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                           | FREDDIE MAC GOLD POOL FG A68579                                         | CUSIP: 3128L0Q88<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |       889 | PA      | $930.61       | 0.00%             | 2037-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CREDIT FUND                        | BLACKSTONE PRIVATE CREDIT FUND 5.950000% 07/16/2029                     | CUSIP: 09261HBN6<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1300800.81   | 0.52%             | 2029-07-16      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | FANNIE MAE POOL FN 867437                                               | CUSIP: 31409CV69<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |       167 | PA      | $176.21       | 0.00%             | 2036-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| THE MOSAIC COMPANY                                    | MOSAIC CO/THE 4.350000% 01/15/2029                                      | CUSIP: 61945CAJ2<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | DBT              | CORP              | US        |   1320000 | PA      | $1312316.66   | 0.53%             | 2029-01-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                              | AMERICAN EXPRESS CO 4.351000% 07/20/2029                                | CUSIP: 025816EJ4<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1267577.12   | 0.51%             | 2029-07-20      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| EVERGY KANSAS CENTRAL, INC.                           | EVERGY KANSAS CENTRAL INC 4.700000% 03/13/2028                          | CUSIP: 30036FAE1<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | DBT              | CORP              | US        |   1245000 | PA      | $1249726.01   | 0.50%             | 2028-03-13      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| HPS CORPORATE LENDING FUND                            | HPS CORPORATE LENDING FUND 5.450000% 01/14/2028                         | CUSIP: 40440VAH8<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |   1265000 | PA      | $1261371.13   | 0.51%             | 2028-01-14      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| INSTAR LEASING, LLC                                   | INSTAR LEASING III LLC INSTR 2021-1A A                                  | CUSIP: 45783NAA5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    618535 | PA      | $590535.74    | 0.24%             | 2054-02-15      | Fixed         | 2.30%                 | Yes           |                  2 | On Loan: No      |
| CALIFORNIA STREET CLO LIMITED PARTNERSHIP             | CALIFORNIA STREET CLO IX LP SYMP 2012-9A AR3                            | CUSIP: 13079WDC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    185230 | PA      | $185269.81    | 0.07%             | 2032-07-16      | Floating      | 5.04%                 | Yes           |                  2 | On Loan: No      |
| EXETER SELECT AUTOMOBILE RECEIVABLES TRUST            | EXETER SELECT AUTOMOBILE RECEIVABLES TRUST 2025-1 ESART 2025-1 A3       | CUSIP: 30185AAC5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    440000 | PA      | $441913.56    | 0.18%             | 2030-04-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST                              | ANGEL OAK MORTGAGE TRUST 2026-2 AOMT 2026-2 A1                          | CUSIP: 03466LAA2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    613721 | PA      | $607692.41    | 0.24%             | 2071-02-25      | Floating      | 4.69%                 | Yes           |                  2 | On Loan: No      |
| Siemens Funding B.V.                                  | SIEMENS FUNDING BV 144A 4.350000% 05/26/2028                            | CUSIP: 82622RAA4<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | NUSS              | DE        |   1510000 | PA      | $1516610.78   | 0.61%             | 2028-05-26      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| HALSEYPOINT CLO                                       | HALSEYPOINT CLO 3 LTD HLSY 2020-3A A1R                                  | CUSIP: 40638UAS8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    950000 | PA      | $951273.95    | 0.38%             | 2037-07-30      | Floating      | 5.14%                 | Yes           |                  2 | On Loan: No      |
| DLLMT LLC                                             | DLLMT 2023-1 LLC DLLMT 2023-1A A4                                       | CUSIP: 232989AD5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    680000 | PA      | $684447.00    | 0.28%             | 2031-03-20      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| THE CAMPBELL'S COMPANY                                | CAMPBELL'S COMPANY/THE 4.150000% 03/15/2028                             | CUSIP: 134429BG3<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |   1265000 | PA      | $1251871.46   | 0.50%             | 2028-03-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Santander Holdings USA, Inc.                          | SANTANDER HOLDINGS USA INC 5.473000% 03/20/2029                         | CUSIP: 80282KBN5<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1318939.49   | 0.53%             | 2029-03-20      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATIONS LP                          | HESS MIDSTREAM OPERATIONS LP 144A 5.125000% 06/15/2028                  | CUSIP: 428104AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1264140.60   | 0.51%             | 2028-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORPORATION.                             | ARES CAPITAL CORP 2.875000% 06/15/2028                                  | CUSIP: 04010LBB8<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   1335000 | PA      | $1274182.55   | 0.51%             | 2028-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| VOLOFIN FINANCE (IRELAND) DESIGNATED ACTIVITY COMPANY | VOLOFIN FINANCE DESIGNATED ACTIVITY CO VFIN 2024-1A A                   | CUSIP: 92873RAA9<br>LEI: N/A                  | Long             | ABS-MBS          |  | IE        |    189271 | PA      | $191476.01    | 0.08%             | 2037-06-15      | Fixed         | 5.93%                 | Yes           |                  2 | On Loan: No      |
| ELLINGTON FINANCIAL MORTGAGE TRUST                    | EFMT 2026-NQM1 EFMT 2026-NQM1 A1                                        | CUSIP: 26846GAF4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    490080 | PA      | $486751.28    | 0.20%             | 2071-02-25      | Floating      | 4.77%                 | Yes           |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATIONS LP                          | HESS MIDSTREAM OPERATIONS LP 144A 5.500000% 10/15/2030                  | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $20009.24     | 0.01%             | 2030-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States of America                              | US TREASURY N/B 3.875000% 06/15/2028                                    | CUSIP: 91282CNH0<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |   8243000 | PA      | $8240424.06   | 3.32%             | 2028-06-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                   | SYNCHRONY FINANCIAL 5.150000% 03/19/2029                                | CUSIP: 87165BAP8<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   1245000 | PA      | $1248063.57   | 0.50%             | 2029-03-19      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association              | GINNIE MAE I POOL GN 592038                                             | CUSIP: 36201SV71<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |       551 | PA      | $549.54       | 0.00%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AFFIRM MASTER TRUST                                   | AFFIRM MASTER TRUST AFRMT 2025-1A B                                     | CUSIP: 00833BAB4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    940000 | PA      | $944576.86    | 0.38%             | 2033-02-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING                        | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC AESOP 2023-5A B                | CUSIP: 05377RHD9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    350000 | PA      | $354265.42    | 0.14%             | 2028-04-20      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| SCHLUMBERGER HOLDINGS CORPORATION                     | SCHLUMBERGER HOLDINGS CORP 144A 5.000000% 11/15/2029                    | CUSIP: 806851AM3<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1300147.91   | 0.52%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST                                | SEQUOIA MORTGAGE TRUST 2013-4 SEMT 2013-4 B3                            | CUSIP: 81744YAH9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     43474 | PA      | $42077.68     | 0.02%             | 2043-04-25      | Floating      | 3.43%                 | No            |                  2 | On Loan: No      |
| TRINITY RAIL LEASING LLC                              | TRINITY RAIL LEASING 2021 LLC TRL 2021-1A B                             | CUSIP: 89656GAB0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    575000 | PA      | $547955.68    | 0.22%             | 2051-07-19      | Fixed         | 3.08%                 | Yes           |                  2 | On Loan: No      |
| CHASE HOME LENDING MORTGAGE TRUST                     | CHASE HOME LENDING MORTGAGE TRUST SERIES 2024-5 CHASE 2024-5 A6         | CUSIP: 16159QAK3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    392434 | PA      | $393569.27    | 0.16%             | 2055-04-25      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN TOWER CORPORATION                            | AMERICAN TOWER CORP 5.250000% 07/15/2028                                | CUSIP: 03027XCC2<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1259501.80   | 0.51%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PENNANTPARK CLO LTD                                   | PENNANTPARK CLO 12 LLC PNTPK 2025-12A B                                 | CUSIP: 70807EAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    625000 | PA      | $620673.75    | 0.25%             | 2037-04-20      | Floating      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC                       | HERTZ VEHICLE FINANCING LLC HERTZ 2022-5A B                             | CUSIP: 42806MBL2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    375000 | PA      | $369596.89    | 0.15%             | 2028-09-25      | Fixed         | 4.28%                 | Yes           |                  2 | On Loan: No      |
| PEAC SOLUTIONS RECEIVABLES                            | PEAC SOLUTIONS RECEIVABLES 2026-1 LLC PEAC 2026-1A A2                   | CUSIP: 704583AB9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    630000 | PA      | $629397.09    | 0.25%             | 2028-10-20      | Fixed         | 4.27%                 | Yes           |                  2 | On Loan: No      |
| Eversource Energy                                     | EVERSOURCE ENERGY 5.450000% 03/01/2028                                  | CUSIP: 30040WAT5<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1243301.77   | 0.50%             | 2028-03-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST    | GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST GMCAR 2026-1 B       | CUSIP: 362970AE5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    625000 | PA      | $617613.19    | 0.25%             | 2032-06-16      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                           | FREDDIE MAC GOLD POOL FG A24180                                         | CUSIP: 31297BUD2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |       518 | PA      | $521.45       | 0.00%             | 2034-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HIGHER EDUCATION LOAN CORPORATION       | GRANITE EDVANCE CORP NHHEL 2020-1 A1A                                   | CUSIP: 644622AB8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    830143 | PA      | $758422.81    | 0.31%             | 2060-09-25      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| FREMF MORTGAGE TRUST                                  | FREMF 2020-K737 MORTGAGE TRUST FREMF 2020-K737 C                        | CUSIP: 30300SAU6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    525000 | PA      | $519567.83    | 0.21%             | 2053-01-25      | Floating      | 3.44%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM LLC                        | SOFI CONSUMER LOAN PROGRAM 2025-3 TRUST SCLP 2025-3 B                   | CUSIP: 83390JAB8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    550000 | PA      | $548192.54    | 0.22%             | 2034-08-15      | Fixed         | 4.67%                 | Yes           |                  2 | On Loan: No      |
| SIGNAL RAIL I LLC                                     | SIGNAL RAIL I LLC SRL 2021-1 A                                          | CUSIP: 82667CAA3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    965927 | PA      | $912863.55    | 0.37%             | 2051-08-17      | Fixed         | 2.23%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT CARD MASTER TRUST                 | MISSION LANE CREDIT CARD MASTER TRUST MLANE 2025-B A                    | CUSIP: 60510MBU1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    530000 | PA      | $530990.99    | 0.21%             | 2031-09-15      | Fixed         | 5.06%                 | Yes           |                  2 | On Loan: No      |
| BROWN & BROWN, INC.                                   | BROWN & BROWN INC 4.700000% 06/23/2028                                  | CUSIP: 115236AJ0<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   1261000 | PA      | $1264775.57   | 0.51%             | 2028-06-23      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| THE BANK OF NOVA SCOTIA                               | BANK OF NOVA SCOTIA/THE 4.247000% 02/02/2030                            | CUSIP: 06418GAY3<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | NUSS              | CA        |   1255000 | PA      | $1244627.56   | 0.50%             | 2030-02-02      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TRINITY RAIL LEASING LLC                              | TRINITY RAIL LEASING 2020 LLC TRL 2020-2A A2                            | CUSIP: 89656YAB1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    500000 | PA      | $482208.25    | 0.19%             | 2050-11-19      | Fixed         | 2.56%                 | Yes           |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TRUST                     | AFFIRM ASSET SECURITIZATION TRUST 2025-X1 AFFRM 2025-X1 B               | CUSIP: 00834MAB9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    500000 | PA      | $500619.10    | 0.20%             | 2030-04-15      | Fixed         | 5.19%                 | Yes           |                  2 | On Loan: No      |
| COLT MORTGAGE LOAN TRUST                              | COLT 2021-2R MORTGAGE LOAN TRUST COLT 2021-2R A2                        | CUSIP: 12656YAB3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     76028 | PA      | $69318.56     | 0.03%             | 2054-07-27      | Fixed         | 1.11%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC.                                        | CITIGROUP INC 4.125000% 07/25/2028                                      | CUSIP: 172967KU4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1270081.28   | 0.51%             | 2028-07-25      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Highwoods Realty Limited Partnership                  | HIGHWOODS REALTY LP 4.125000% 03/15/2028                                | CUSIP: 431282AQ5<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1256883.92   | 0.51%             | 2028-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SIXTH STREET SPECIALTY LENDING, INC.                  | SIXTH STREET SPECIALTY LENDING INC 6.950000% 08/14/2028                 | CUSIP: 83012AAB5<br>LEI: 549300TX61566GJWCN05 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1341846.88   | 0.54%             | 2028-08-14      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS TRUST                          | HILTON GRAND VACATIONS TRUST 2025-2 HGVT 2025-2A A                      | CUSIP: 43285JAA2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    384019 | PA      | $382829.56    | 0.15%             | 2044-05-25      | Fixed         | 4.54%                 | Yes           |                  2 | On Loan: No      |
| SOUTHWEST AIRLINES CO.                                | SOUTHWEST AIRLINES CO 4.375000% 11/15/2028                              | CUSIP: 844741BL1<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |   1320000 | PA      | $1310354.92   | 0.53%             | 2028-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                         | VISTRA OPERATIONS CO LLC 144A 4.300000% 10/15/2028                      | CUSIP: 92840VAX0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1320000 | PA      | $1304660.81   | 0.53%             | 2028-10-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ICON INVESTMENTS SIX DESIGNATED ACTIVITY COMPANY      | ICON INVESTMENTS SIX DAC 5.849000% 05/08/2029                           | CUSIP: 45115AAB0<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | NUSS              | US        |   1930000 | PA      | $1966670.23   | 0.79%             | 2029-05-08      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| THE TOLEDO EDISON COMPANY                             | TOLEDO EDISON CO/THE 144A 2.650000% 05/01/2028                          | CUSIP: 889175BF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    386000 | PA      | $370217.16    | 0.15%             | 2028-05-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC.                                   | INGERSOLL RAND INC 5.176000% 06/15/2029                                 | CUSIP: 45687VAD8<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1303675.35   | 0.53%             | 2029-06-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| GBX LEASING LLC                                       | GBX LEASING 2022-1 LLC GBXL 2022-1 A                                    | CUSIP: 361528AA0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    840208 | PA      | $796479.48    | 0.32%             | 2052-02-20      | Fixed         | 2.87%                 | Yes           |                  2 | On Loan: No      |
| OWN EQUIPMENT FUND                                    | OWN EQUIPMENT FUND II LLC EQS 2025-1M B                                 | CUSIP: 690912AB6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    913399 | PA      | $910035.77    | 0.37%             | 2033-09-26      | Fixed         | 6.31%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST                            | VERUS SECURITIZATION TRUST 2021-1 VERUS 2021-1 A2                       | CUSIP: 92537QAE1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    106898 | PA      | $97816.32     | 0.04%             | 2066-01-25      | Floating      | 1.05%                 | Yes           |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP LLC                            | AVIATION CAPITAL GROUP LLC 144A 4.250000% 04/30/2029                    | CUSIP: 05369AAV3<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   1245000 | PA      | $1227386.16   | 0.49%             | 2029-04-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DELL INTERNATIONAL L.L.C.                             | DELL INTERNATIONAL LLC / EMC CORP 4.750000% 04/01/2028                  | CUSIP: 24703TAL0<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1257415.53   | 0.51%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                  | GLENCORE FUNDING LLC 144A 5.371000% 04/04/2029                          | CUSIP: 378272BS6<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | AU        |   1260000 | PA      | $1285167.73   | 0.52%             | 2029-04-04      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| HPEFS EQUIPMENT TRUST                                 | HPEFS EQUIPMENT TRUST 2025-1 HPEFS 2025-1A B                            | CUSIP: 40446EAD9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1055000 | PA      | $1054055.78   | 0.42%             | 2032-09-20      | Fixed         | 4.51%                 | Yes           |                  2 | On Loan: No      |
| PK ALIFT LOAN FUNDING LP                              | PK ALIFT LOAN FUNDING 7 LP PKAIR 2025-2 A                               | CUSIP: 69291NAA0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    466421 | PA      | $461358.96    | 0.19%             | 2043-03-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| VENTURE CLO LIMITED                                   | VENTURE 38 CLO LTD VENTR 2019-38A ARR                                   | CUSIP: 92332NBC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    596852 | PA      | $596480.92    | 0.24%             | 2032-07-30      | Floating      | 4.66%                 | Yes           |                  2 | On Loan: No      |
| OBX TRUST                                             | OBX 2026-NQM4 TRUST OBX 2026-NQM4 A1                                    | CUSIP: 67124FAF3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    644881 | PA      | $645089.72    | 0.26%             | 2066-02-25      | Floating      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| MPLX LP                                               | MPLX LP 4.800000% 02/15/2029                                            | CUSIP: 55336VAS9<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1284371.31   | 0.52%             | 2029-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                   | BROWN BROTHERS HARRIMAN SWEEP INTEREST                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   2183808 | PA      | $2183807.74   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDENTREE LOAN MANAGEMENT US CLO LTD                 | GOLDENTREE LOAN MANAGEMENT US CLO 12 LTD GLM 2022-12A AJR               | CUSIP: 38138FAS0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1175000 | PA      | $1171592.50   | 0.47%             | 2037-07-20      | Floating      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST                            | VERUS SECURITIZATION TRUST 2026-2 VERUS 2026-2 A1                       | CUSIP: 92490GAF5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    591758 | PA      | $586996.28    | 0.24%             | 2071-02-25      | Floating      | 4.59%                 | Yes           |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                      | PARAMOUNT GLOBAL 3.700000% 06/01/2028                                   | CUSIP: 124857AX1<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   1330000 | PA      | $1288046.97   | 0.52%             | 2028-06-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                           | FREDDIE MAC GOLD POOL FG A57231                                         | CUSIP: 3128KLA80<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |       690 | PA      | $707.92       | 0.00%             | 2037-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| THUNDERBOLT AIRCRAFT LEASE LIMITED                    | THUNDERBOLT II AIRCRAFT LEASE LTD TBOLT 2018-A A                        | CUSIP: 886065AA9<br>LEI: N/A                  | Long             | ABS-MBS          |  | KY        |      7122 | PA      | $7124.56      | 0.00%             | 2038-09-15      | Fixed         | 5.96%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL BDC, INC.                               | GOLUB CAPITAL BDC INC 7.050000% 12/05/2028                              | CUSIP: 38173MAD4<br>LEI: 2549005WE0QLGK9APF78 | Long             | DBT              | CORP              | US        |   1205000 | PA      | $1239481.35   | 0.50%             | 2028-12-05      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC.                                     | CROWN CASTLE INC 4.800000% 09/01/2028                                   | CUSIP: 22822VBB6<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1246130.34   | 0.50%             | 2028-09-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| DELL EQUIPMENT FINANCE TRUST                          | DELL EQUIPMENT FINANCE TRUST 2025-2 DEFT 2025-2 A3                      | CUSIP: 24703VAE1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    570000 | PA      | $568832.36    | 0.23%             | 2031-03-24      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                           | FREDDIE MAC REMICS FHR 5036 AB                                          | CUSIP: 3137F6SM0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1988041 | PA      | $1910182.16   | 0.77%             | 2041-05-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FIDELIS MORTGAGE TRUST                                | FIDELIS MORTGAGE TRUST 2025-RTL2 FIDL 2025-RTL2 A2                      | CUSIP: 31575JAC2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    850000 | PA      | $851792.65    | 0.34%             | 2040-07-25      | Fixed         | 6.06%                 | Yes           |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST                            | J.P. MORGAN MORTGAGE TRUST 2022-4 JPMMT 2022-4 A12                      | CUSIP: 46655GAQ8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    609242 | PA      | $590170.17    | 0.24%             | 2052-10-25      | Floating      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| MCF CLO LLC                                           | MCF CLO VIII LTD MCFCL 2018-1A AR                                       | CUSIP: 55281GAQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    950000 | PA      | $949798.60    | 0.38%             | 2036-04-18      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST                          | PAGAYA AI DEBT GRANTOR TRUST 2025-3 PAID 2025-3 B                       | CUSIP: 69544TAC8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    399919 | PA      | $402688.39    | 0.16%             | 2032-12-15      | Fixed         | 6.06%                 | Yes           |                  2 | On Loan: No      |
| DLLMT LLC                                             | DLLMT 2026-1 LLC DLLMT 2026-1A A3                                       | CUSIP: 23347JAC6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    630000 | PA      | $628388.15    | 0.25%             | 2029-12-20      | Fixed         | 4.20%                 | Yes           |                  2 | On Loan: No      |
| NMEF FUNDING LLC                                      | NMEF FUNDING 2025-B LLC NMEF 2025-B A2                                  | CUSIP: 62919WAB5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    467636 | PA      | $468806.84    | 0.19%             | 2033-01-18      | Fixed         | 4.64%                 | Yes           |                  2 | On Loan: No      |
| OBX TRUST                                             | OBX 2026-NQM5 TRUST OBX 2026-NQM5 A1                                    | CUSIP: 67124DAF8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    622206 | PA      | $624126.07    | 0.25%             | 2066-01-25      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST                   | GS MORTGAGE-BACKED SECURITIES TRUST 2022-PJ3 GSMBS 2022-PJ3 A7          | CUSIP: 362924AL6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    575366 | PA      | $546338.12    | 0.22%             | 2052-08-25      | Floating      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| DELL EQUIPMENT FINANCE TRUST                          | DELL EQUIPMENT FINANCE TRUST 2026-1 DEFT 2026-1A B                      | CUSIP: 246921AG5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    625000 | PA      | $623821.75    | 0.25%             | 2031-12-22      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| CONAGRA BRANDS, INC.                                  | CONAGRA BRANDS INC 4.850000% 11/01/2028                                 | CUSIP: 205887CC4<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $1262390.61   | 0.51%             | 2028-11-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CERBERUS LOAN FUNDING L.P.                            | CERBERUS LOAN FUNDING XLVII LLC CERB 2024-3A A                          | CUSIP: 156945AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    785000 | PA      | $786149.24    | 0.32%             | 2036-07-15      | Floating      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS PRIVATE CREDIT CORP.                    | GOLDMAN SACHS PRIVATE CREDIT CORP 144A 5.375000% 01/31/2029             | CUSIP: 38152BAE1<br>LEI: 549300TD27G6372IYJ65 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $1243396.56   | 0.50%             | 2029-01-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OPERATING PARTNERSHIP LP             | INVITATION HOMES OPERATING PARTNERSHIP LP 2.300000% 11/15/2028          | CUSIP: 46188BAB8<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |   1340000 | PA      | $1266914.32   | 0.51%             | 2028-11-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| RATE MORTGAGE TRUST                                   | RATE MORTGAGE TRUST 2024-J4 RATE 2024-J4 A7                             | CUSIP: 75408TAG1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    453854 | PA      | $455072.66    | 0.18%             | 2054-12-25      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                  | ROYAL BANK OF CANADA MTN 4.498000% 08/06/2029                           | CUSIP: 78017DAK4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | NUSS              | CA        |   1305000 | PA      | $1306082.11   | 0.53%             | 2029-08-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BOF VII AL FUNDING TRUST I                            | BOF VII AL FUNDING TRUST I BVABS 2023-CAR3 A2                           | CUSIP: 097093AB4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    277619 | PA      | $281616.53    | 0.11%             | 2032-07-26      | Fixed         | 6.29%                 | Yes           |                  2 | On Loan: No      |
| NATIONAL FUEL GAS COMPANY                             | NATIONAL FUEL GAS CO 4.750000% 09/01/2028                               | CUSIP: 636180BP5<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |   1330000 | PA      | $1327163.28   | 0.53%             | 2028-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NXP B.V.                                              | NXP BV / NXP FUNDING LLC / NXP USA INC 4.300000% 08/19/2028             | CUSIP: 62954HBF4<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | NUSS              | NL        |   1320000 | PA      | $1316303.75   | 0.53%             | 2028-08-19      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST                | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2025-1 SDART 2025-1 B            | CUSIP: 80288DAD8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    490000 | PA      | $492498.22    | 0.20%             | 2031-03-17      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| JABIL INC.                                            | JABIL INC 4.200000% 02/01/2029                                          | CUSIP: 46656PAC8<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1264437.53   | 0.51%             | 2029-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| AMERICAN HERITAGE AUTO RECEIVABLES TRUST              | AMERICAN HERITAGE AUTO RECEIVABLES ISSUER TRUST 20 AHART 2025-1A A3     | CUSIP: 02650VAC4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    560000 | PA      | $558850.66    | 0.23%             | 2030-11-15      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| HLEND CLO                                             | HLEND CLO 2025-3 LLC HLEND 2025-3A B                                    | CUSIP: 403961AC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    750000 | PA      | $748080.08    | 0.30%             | 2037-01-20      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| CROSSROADS ASSET TRUST                                | CROSSROADS ASSET TRUST 2025-A XROAD 2025-A A2                           | CUSIP: 22767VAB4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    426557 | PA      | $428496.41    | 0.17%             | 2032-02-20      | Fixed         | 4.91%                 | Yes           |                  2 | On Loan: No      |
| WHITEHORSE PRINCIPAL LENDING CLO LTD                  | WHITEHORSE PRINCIPAL LENDING CLO 2022-1 LTD WHCLO 2022-1A A1R           | CUSIP: 96525MAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1000342.00   | 0.40%             | 2036-10-15      | Floating      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| NEW MOUNTAIN FINANCE CORPORATION                      | NEW MOUNTAIN FINANCE CORP 6.200000% 10/15/2027                          | CUSIP: 647551AG5<br>LEI: 549300L1MPTT1H7SES77 | Long             | DBT              | CORP              | US        |   1305000 | PA      | $1307100.03   | 0.53%             | 2027-10-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING LLC                        | ENTERPRISE FLEET FINANCING 2025-3 LLC EFF 2025-3 A3                     | CUSIP: 29375UAC3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1050000 | PA      | $1052882.25   | 0.42%             | 2029-09-20      | Fixed         | 4.46%                 | Yes           |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST                          | FORD CREDIT AUTO OWNER TRUST 2025-B FORDO 2025-B B                      | CUSIP: 34532BAE1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1140000 | PA      | $1129071.16   | 0.46%             | 2031-07-15      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST                          | FORD CREDIT AUTO OWNER TRUST 2026-A FORDO 2026-A B                      | CUSIP: 34532WAF2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    635000 | PA      | $630427.56    | 0.25%             | 2032-04-15      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| MCCORMICK & COMPANY, INCORPORATED                     | MCCORMICK & CO INC/MD 4.150000% 02/15/2029                              | CUSIP: 579780AV9<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1313350.15   | 0.53%             | 2029-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| United States of America                              | US TREASURY N/B 1.500000% 01/31/2027                                    | CUSIP: 912828Z78<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |   3361000 | PA      | $3305661.67   | 1.33%             | 2027-01-31      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| WINGSPIRE EQUIPMENT FINANCE LLC                       | WINGSPIRE EQUIPMENT FINANCE 2025-1 LLC WEF 2025-1A A2                   | CUSIP: 97415CAB4<br>LEI: 254900UTJF59Z6LWFR35 | Long             | ABS-MBS          |  | US        |   1140000 | PA      | $1139846.44   | 0.46%             | 2033-09-20      | Fixed         | 4.33%                 | Yes           |                  2 | On Loan: No      |
| USQ RAIL I LLC                                        | USQ RAIL I LLC STEAM 2021-1A A                                          | CUSIP: 90352WAD6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    262572 | PA      | $249100.90    | 0.10%             | 2051-02-28      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST                          | PAGAYA AI DEBT GRANTOR TRUST 2024-5 PAID 2024-5 A                       | CUSIP: 69544LAA9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    138861 | PA      | $138962.22    | 0.06%             | 2031-10-15      | Fixed         | 6.28%                 | Yes           |                  2 | On Loan: No      |
| SWCH COMMERCIAL MORTGAGE TRUST                        | SWCH COMMERCIAL MORTGAGE TRUST 2025-DATA SWCH 2025-DATA C               | CUSIP: 78489CAC3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    625000 | PA      | $617968.75    | 0.25%             | 2042-02-15      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Regal Rexnord Corporation                             | REGAL REXNORD CORP 6.050000% 04/15/2028                                 | CUSIP: 758750AM5<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   1255000 | PA      | $1286473.27   | 0.52%             | 2028-04-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                 | FANNIE MAE POOL FN 981754                                               | CUSIP: 31415BE39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |       353 | PA      | $359.36       | 0.00%             | 2038-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DRIVE AUTO RECEIVABLES TRUST                          | DRIVE AUTO RECEIVABLES TRUST 2025-1 DRIVE 2025-1 B                      | CUSIP: 262102AD8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1030000 | PA      | $1035627.61   | 0.42%             | 2032-09-15      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER COMPANY                                 | GEORGIA POWER CO 2.650000% 09/15/2029                                   | CUSIP: 373334KL4<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1302263.55   | 0.52%             | 2029-09-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES, INC.                              | ROPER TECHNOLOGIES INC 4.250000% 09/15/2028                             | CUSIP: 776696AK2<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   1320000 | PA      | $1310293.88   | 0.53%             | 2028-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ABPCI DIRECT LENDING FUND CLO LTD                     | ABPCI DIRECT LENDING FUND CLO VI LTD ABPCI 2019-6A BRR                  | CUSIP: 00086GBE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    550000 | PA      | $543852.65    | 0.22%             | 2037-01-27      | Floating      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORPORATION                     | CAPITAL ONE FINANCIAL CORP 4.927000% 05/10/2028                         | CUSIP: 14040HCS2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1255000 | PA      | $1260489.65   | 0.51%             | 2028-05-10      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST                   | GS MORTGAGE-BACKED SECURITIES CORP TRUST 2022-PJ2 GSMBS 2022-PJ2 A7     | CUSIP: 36267EAG6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    637805 | PA      | $606930.32    | 0.24%             | 2052-06-25      | Floating      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| SILVER POINT CLO LTD                                  | SILVER POINT SCF CLO IV LTD SPCSL 2021-1A A1AR                          | CUSIP: 82809JAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    950000 | PA      | $949188.70    | 0.38%             | 2036-10-15      | Floating      | 5.39%                 | Yes           |                  2 | On Loan: No      |
| HSBC USA INC.                                         | HSBC USA INC 4.650000% 06/03/2028                                       | CUSIP: 40428HR95<br>LEI: 549300LBOHZ4QSIWU288 | Long             | DBT              | CORP              | US        |   1255000 | PA      | $1263277.70   | 0.51%             | 2028-06-03      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| VERTIV GROUP CORPORATION                              | VERTIV GROUP CORP 144A 4.125000% 11/15/2028                             | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |   1285000 | PA      | $1269526.80   | 0.51%             | 2028-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| WRKCO INC.                                            | WRKCO INC 3.900000% 06/01/2028                                          | CUSIP: 92940PAE4<br>LEI: 549300JEB576INN13W07 | Long             | DBT              | CORP              | US        |   1320000 | PA      | $1305732.41   | 0.53%             | 2028-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| SALESFORCE, INC.                                      | SALESFORCE INC 4.650000% 03/15/2029                                     | CUSIP: 79466LAR5<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |   1255000 | PA      | $1257444.35   | 0.51%             | 2029-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK OF COMMERCE                    | CANADIAN IMPERIAL BANK OF COMMERCE 4.283000% 01/29/2030                 | CUSIP: 13607QWB4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | NUSS              | CA        |    250000 | PA      | $248173.19    | 0.10%             | 2030-01-29      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| ALLY AUTO RECEIVABLES TRUST                           | ALLY AUTO RECEIVABLES TRUST 2026-1 ALLYA 2026-1 A4                      | CUSIP: 02008PAD4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    625000 | PA      | $617185.69    | 0.25%             | 2031-06-15      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM LLC                        | SOFI CONSUMER LOAN PROGRAM TRUST 2026-1 SCLP 2026-1 B                   | CUSIP: 83408AAB7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    625000 | PA      | $620054.50    | 0.25%             | 2035-12-26      | Fixed         | 4.44%                 | Yes           |                  2 | On Loan: No      |
| HELMERICH & PAYNE, INC.                               | HELMERICH & PAYNE INC 4.850000% 12/01/2029                              | CUSIP: 423452AM3<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1298923.46   | 0.52%             | 2029-12-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| LOWE'S COMPANIES, INC.                                | LOWE'S COS INC 4.000000% 10/15/2028                                     | CUSIP: 548661EU7<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   1265000 | PA      | $1255292.38   | 0.51%             | 2028-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST                                   | RCKT TRUST 2025-PL1 RCKTL 2025-1A B                                     | CUSIP: 74939RAB7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1050000 | PA      | $1052102.42   | 0.42%             | 2034-07-25      | Fixed         | 4.99%                 | Yes           |                  2 | On Loan: No      |
| CHASE HOME LENDING MORTGAGE TRUST                     | CHASE HOME LENDING MORTGAGE TRUST SERIES 2024-2 CHASE 2024-2 A4A        | CUSIP: 161929BH6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    396173 | PA      | $397435.38    | 0.16%             | 2055-02-25      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ANTARES CLO LTD                                       | ANTARES CLO 2018-3 LTD ANTR 2018-3A A1R                                 | CUSIP: 03665LAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    950000 | PA      | $949801.45    | 0.38%             | 2036-07-20      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| PNC Bank, National Association (Delaware)             | PNC BANK NA 4.429000% 07/21/2028                                        | CUSIP: 69353RFZ6<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   1065000 | PA      | $1065511.66   | 0.43%             | 2028-07-21      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST                          | PAGAYA AI DEBT GRANTOR TRUST 2025-2 PAID 2025-2 B                       | CUSIP: 69545GAC5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    789917 | PA      | $790185.21    | 0.32%             | 2032-10-15      | Fixed         | 5.33%                 | Yes           |                  2 | On Loan: No      |
| A&D MORTGAGE TRUST                                    | A&D MORTGAGE TRUST 2026-NQM2 ADMT 2026-NQM2 A1                          | CUSIP: 00038TAC6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    642816 | PA      | $638735.75    | 0.26%             | 2071-03-25      | Floating      | 4.81%                 | Yes           |                  2 | On Loan: No      |
| FIDELIS MORTGAGE TRUST                                | FIDELIS MORTGAGE TRUST 2025-RTL1 FIDL 2025-RTL1 A2                      | CUSIP: 31575LAE3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    950000 | PA      | $953298.21    | 0.38%             | 2040-02-27      | Floating      | 6.22%                 | Yes           |                  2 | On Loan: No      |
| EMERA US FINANCE, LLC                                 | EMERA US FINANCE LLC 4.500000% 04/01/2029                               | CUSIP: 29103HAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1255000 | PA      | $1251815.73   | 0.50%             | 2029-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINANCE NORTH AMERICA LLC               | DAIMLER TRUCK FINANCE NORTH AMERICA LLC 144A 4.150000% 01/12/2029       | CUSIP: 233853BK5<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | DE        |   1279000 | PA      | $1262710.43   | 0.51%             | 2029-01-12      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| JBS USA Holding Lux S.a r.l.                          | JBS NV/JBS USA FOODS GROUP HOLDINGS INC/JBS USA FO 3.000000% 02/02/2029 | CUSIP: 46590XAN6<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | NUSS              | US        |   1310000 | PA      | $1258151.77   | 0.51%             | 2029-02-02      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES, INC.                                 | UNITED AIRLINES INC 144A 4.625000% 04/15/2029                           | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   1255000 | PA      | $1238842.00   | 0.50%             | 2029-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States of America                              | US TREASURY N/B 3.875000% 03/31/2027                                    | CUSIP: 91282CMV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |   6360000 | PA      | $6366360.00   | 2.57%             | 2027-03-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MAIN STREET CAPITAL CORPORATION                       | MAIN STREET CAPITAL CORP 6.950000% 03/01/2029                           | CUSIP: 56035LAH7<br>LEI: 5493001FS9QJLJNF3E20 | Long             | DBT              | CORP              | US        |   1235000 | PA      | $1272924.28   | 0.51%             | 2029-03-01      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES, INC.                                 | DELTA AIR LINES INC 4.950000% 07/10/2028                                | CUSIP: 247361A24<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |   1255000 | PA      | $1262485.86   | 0.51%             | 2028-07-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Truist Bank                                           | TRUIST BANK 4.136000% 10/23/2029                                        | CUSIP: 89788JAH2<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   1320000 | PA      | $1308545.01   | 0.53%             | 2029-10-23      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd.                                          | NUTRIEN LTD 4.200000% 04/01/2029                                        | CUSIP: 67077MAT5<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | NUSS              | CA        |   1305000 | PA      | $1296200.80   | 0.52%             | 2029-04-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST                | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-4 SDART 2024-4 B            | CUSIP: 802919AD2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    915000 | PA      | $919637.04    | 0.37%             | 2029-09-17      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| BLUE OWL ASSET LEASING TRUST                          | BLUE OWL ASSET LEASING TRUST 2024-1 LLC OWLEF 2024-1A B                 | CUSIP: 095921AC6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    540000 | PA      | $543940.60    | 0.22%             | 2030-03-15      | Fixed         | 5.41%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                           | BANK OF AMERICA CORP 5.819000% 09/15/2029                               | CUSIP: 06051GLS6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1245000 | PA      | $1281045.75   | 0.52%             | 2029-09-15      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| OAK STREET INVESTMENT GRADE NET LEASE FUND LLC.       | OAK STREET INVESTMENT GRADE NET LEASE FUND SERIES OAKIG 2021-2A A3      | CUSIP: 67181DAL5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1602621 | PA      | $961412.25    | 0.39%             | 2051-11-20      | Fixed         | 2.85%                 | Yes           |                  2 | On Loan: No      |
| MVW LLC                                               | MVW 2026-1 LLC MVWOT 2026-1A B                                          | CUSIP: 55400XAB3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    400000 | PA      | $399036.76    | 0.16%             | 2043-03-20      | Fixed         | 4.97%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                 | WELLS FARGO & CO MTN 4.900000% 01/24/2028                               | CUSIP: 95000U3R2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1329706.49   | 0.54%             | 2028-01-24      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ORACLE CORPORATION                                    | ORACLE CORP 2.300000% 03/25/2028                                        | CUSIP: 68389XCD5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1264828.11   | 0.51%             | 2028-03-25      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS, INC.                 | NEXTERA ENERGY CAPITAL HOLDINGS INC 2.750000% 11/01/2029                | CUSIP: 65339KBM1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1395000 | PA      | $1321445.57   | 0.53%             | 2029-11-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                        | MORGAN STANLEY 5.123000% 02/01/2029                                     | CUSIP: 61747YFA8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1313328.90   | 0.53%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BARINGS EQUIPMENT FINANCE LLC                         | BARINGS EQUIPMENT FINANCE LLC 2025-B MMAF 2025-B A2                     | CUSIP: 06764YAB4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    570000 | PA      | $569923.05    | 0.23%             | 2029-02-13      | Fixed         | 4.02%                 | Yes           |                  2 | On Loan: No      |
| ANTARES HOLDINGS LP                                   | ANTARES HOLDINGS LP 144A 7.950000% 08/11/2028                           | CUSIP: 03666HAF8<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | CA        |   1170000 | PA      | $1215573.00   | 0.49%             | 2028-08-11      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                           | FREDDIE MAC REMICS FHR 5019 DA                                          | CUSIP: 3137FXHH4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1880802 | PA      | $1810961.58   | 0.73%             | 2041-05-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| OAKTREE SPECIALTY LENDING CORPORATION                 | OAKTREE SPECIALTY LENDING CORP 2.700000% 01/15/2027                     | CUSIP: 67401PAC2<br>LEI: 549300J6MGCEU5928620 | Long             | DBT              | CORP              | US        |   1010000 | PA      | $989640.16    | 0.40%             | 2027-01-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| VOYA CLO                                              | VOYA CLO 2018-4 LTD VOYA 2018-4A A2RR                                   | CUSIP: 92917WBN7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    950000 | PA      | $949738.75    | 0.38%             | 2037-10-15      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST                          | PAGAYA AI DEBT GRANTOR TRUST 2025-1 PAID 2025-1 B                       | CUSIP: 69544NAC1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    284360 | PA      | $285154.25    | 0.11%             | 2032-07-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| VONTIER CORPORATION                                   | VONTIER CORP 2.400000% 04/01/2028                                       | CUSIP: 928881AD3<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |   1340000 | PA      | $1285124.03   | 0.52%             | 2028-04-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| OWN EQUIPMENT FUND                                    | OWN EQUIPMENT FUND III LLC EQS 2025-2M A                                | CUSIP: 69122AAA3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    691273 | PA      | $686942.42    | 0.28%             | 2034-03-27      | Fixed         | 5.42%                 | Yes           |                  2 | On Loan: No      |
| OAKTREE ABF EQUIPMENT ST, LLC                         | OAKTREE ABF EQUIPMENT ST 2026 1 LLC OAKEF 2026-1A B                     | CUSIP: 67403GAC0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    730000 | PA      | $727006.56    | 0.29%             | 2033-10-17      | Fixed         | 4.91%                 | Yes           |                  2 | On Loan: No      |
| KELLANOVA                                             | KELLANOVA 4.300000% 05/15/2028                                          | CUSIP: 487836BW7<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | DBT              | CORP              | US        |   1255000 | PA      | $1256102.32   | 0.51%             | 2028-05-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TRUST                     | AFFIRM ASSET SECURITIZATION TRUST 2024-B AFFRM 2024-B A                 | CUSIP: 00835AAA6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1050000 | PA      | $1051853.67   | 0.42%             | 2029-09-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO LTD                                           | OCP CLO 2022-24 LTD OCP 2022-24A A2R                                    | CUSIP: 67118YAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    950000 | PA      | $947210.80    | 0.38%             | 2037-10-20      | Floating      | 5.23%                 | Yes           |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST                          | FORD CREDIT AUTO OWNER TRUST 2025-A FORDO 2025-A B                      | CUSIP: 34535KAF5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    750000 | PA      | $756359.63    | 0.30%             | 2031-02-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| MISSION LANE CREDIT CARD MASTER TRUST                 | MISSION LANE CREDIT CARD MASTER TRUST MLANE 2026-A A                    | CUSIP: 60510MCG1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    230000 | PA      | $229928.13    | 0.09%             | 2032-07-15      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| Enbridge Inc.                                         | ENBRIDGE INC 4.600000% 06/20/2028                                       | CUSIP: 29250NCH6<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | NUSS              | CA        |   1260000 | PA      | $1263676.68   | 0.51%             | 2028-06-20      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST                | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2025-3 SDART 2025-3 B            | CUSIP: 80288JAD5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1050000 | PA      | $1051894.94   | 0.42%             | 2031-09-15      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST                                | SEQUOIA MORTGAGE TRUST 2024-5 SEMT 2024-5 A11                           | CUSIP: 81743CAL9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     65369 | PA      | $65248.50     | 0.03%             | 2054-06-25      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST    | GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST GMCAR 2025-1 B       | CUSIP: 362955AF3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    490000 | PA      | $494551.37    | 0.20%             | 2030-08-16      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST                            | J.P. MORGAN MORTGAGE TRUST 2023-2 JPMMT 2023-2 A4A                      | CUSIP: 46656DAM3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    366603 | PA      | $363576.21    | 0.15%             | 2053-07-25      | Floating      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| ARTHUR J. GALLAGHER & CO.                             | ARTHUR J GALLAGHER & CO 4.850000% 12/15/2029                            | CUSIP: 04316JAL3<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1302153.08   | 0.52%             | 2029-12-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                | EXTRA SPACE STORAGE LP 5.700000% 04/01/2028                             | CUSIP: 30225VAJ6<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1249931.75   | 0.50%             | 2028-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| FS KKR CAPITAL CORP.                                  | FS KKR CAPITAL CORP 3.125000% 10/12/2028                                | CUSIP: 302635AK3<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1288127.35   | 0.52%             | 2028-10-12      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                          | BX COMMERCIAL MORTGAGE TRUST 2025-BCAT BX 2025-BCAT A                   | CUSIP: 12433HAA2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    518575 | PA      | $519061.11    | 0.21%             | 2042-08-15      | Floating      | 5.03%                 | Yes           |                  2 | On Loan: No      |
| WISCONSIN ELECTRIC POWER COMPANY                      | WISCONSIN ELECTRIC POWER CO 3.950000% 03/01/2029                        | CUSIP: 976656CV8<br>LEI: AENKIFMULUAWOUU8Q584 | Long             | DBT              | CORP              | US        |   1190000 | PA      | $1179172.17   | 0.48%             | 2029-03-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| SANTANDER MORTGAGE ASSET RECEIVABLES TRUST            | SANTANDER MORTGAGE ASSET RECEIVABLE TRUST 2026-NQM SAN 2026-NQM3 A1     | CUSIP: 802929AC3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    647479 | PA      | $646967.92    | 0.26%             | 2066-03-25      | Floating      | 5.18%                 | Yes           |                  2 | On Loan: No      |
| PALMER SQUARE BDC CLO LTD                             | PALMER SQUARE BDC CLO 1 LTD PSBDC 1A A                                  | CUSIP: 696928AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    950000 | PA      | $950720.10    | 0.38%             | 2037-07-15      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| AVANT LOANS FUNDING TRUST                             | AVANT LOANS FUNDING TRUST 2025-REV1 AVNT 2025-REV1 A                    | CUSIP: 05352BAA6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    550000 | PA      | $551048.91    | 0.22%             | 2034-05-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| RPM INTERNATIONAL INC.                                | RPM INTERNATIONAL INC 4.550000% 03/01/2029                              | CUSIP: 749685AX1<br>LEI: 549300TJCKW4BRXPJ474 | Long             | DBT              | CORP              | US        |   1285000 | PA      | $1288149.30   | 0.52%             | 2029-03-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC.                                 | HOWMET AEROSPACE INC 6.750000% 01/15/2028                               | CUSIP: 022249AU0<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |   1215000 | PA      | $1262843.29   | 0.51%             | 2028-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                  | JPMORGAN CHASE & CO 4.505000% 10/22/2028                                | CUSIP: 46647PEP7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    940000 | PA      | $941081.52    | 0.38%             | 2028-10-22      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** THE ADVISORS' INNER CIRCLE III

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

**Title:** Treasurer, Controller and Chief Financial Officer