# EDGAR Filing Document

**Accession Number:** 0002014487
**File Stem:** 0002071691-26-010709
**Filing Date:** 2026-5
**Character Count:** 184286
**Document Hash:** d75b916b4e48379641a67ecd72740643
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-010709.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0002071691-26-010709

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Palmer Square Funds Trust
- **CENTRAL INDEX KEY:** 0002014487

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23946
- **FILM NUMBER:** 261006998

**BUSINESS ADDRESS:**
- **STREET 1:** 1900 SHAWNEE MISSION PARKWAY
- **STREET 2:** SUITE 315
- **CITY:** MISSION WOODS
- **STATE:** KS
- **ZIP:** 66205
- **BUSINESS PHONE:** 816-994-3200

**MAIL ADDRESS:**
- **STREET 1:** 1900 SHAWNEE MISSION PARKWAY
- **STREET 2:** SUITE 315
- **CITY:** MISSION WOODS
- **STATE:** KS
- **ZIP:** 66205

## Series and Classes Contracts Data

### Palmer Square Credit Opportunities ETF (Series ID: S000085069)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000249932 | Palmer Square Credit Opportunities ETF |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Palmer Square Funds Trust

- **b. Investment Company Act file number:** 811-23946

- **c. CIK number of Registrant:** 0002014487

- **d. LEI of Registrant:** 529900TQCYQZ7YNQQZ03

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

  - **Street Address 1:** 1900 Shawnee Mission Parkway,

  - **City:** Mission Woods

  - **State:** KS

  - **Foreign country:** US

  - **Zip / Postal Code:** 66205

  - **Telephone number:** 816-994-3200

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

- **a. Name of Series:** Palmer Square Credit Opportunities ETF

- **b. EDGAR series identifier (if any):** S000085069

- **c. LEI of Series:** 529900LY0Z76U5AEGV09

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

- **a. Date of fiscal year-end:** 2026-06-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $245286566.63

**Total Liabilities:** $14809703.40

**Net Assets:** $230476863.23

**Delayed Delivery Securities:** $5355000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 324.68563872 | **1-Year:** 15493.57719422 | **5-Year:** 9423.81466277 | **10-Year:** 1266.91916356 | **30-Year:** 0.00000000

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

- **3-Month:** 71.06197530 | **1-Year:** 5931.49453618 | **5-Year:** 12548.60412032 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000249932 | 0.44%                | 0.15%                | -0.32%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $35683.06                | $-37388.79                                 |
| Month 2  | $-4829.02                | $-379735.57                                |
| Month 3  | $-15944.40               | $-1294009.10                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| EFS Cogen Holdings I LLC                                     | EFS Cogen Holdings I LLC, First Lien, Term Loan, B                                           | CUSIP: 26844HAM9<br>LEI: 549300KDKPYR8NXXKI52 | Long             | LON              | CORP              | US        |    188212 | PA      | $188814.80    | 0.08%             | 2031-10-03      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| IRB Holding Corp.                                            | IRB Holding Corp., First Lien, 2025 Replacement Term Loan, B                                 | CUSIP: 44988LAM9<br>LEI: 549300HVW4WNWYBXN830 | Long             | LON              | CORP              | US        |    372046 | PA      | $371580.95    | 0.16%             | 2030-12-16      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| Menlo CLO Ltd.                                               | Menlo CLO Ltd., Series 2024-1A, Class D1                                                     | CUSIP: 586915AG5<br>LEI: 2549005RHPY3C68SIP61 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500962.31    | 0.22%             | 2038-01-20      | Floating      | 6.92%                 | Yes           |                  2 | On Loan: No      |
| LSF12 Crown US Commercial Bidco LLC                          | LSF12 Crown US Commercial Bidco LLC, First Lien, 2026 Refinancing Term Loan                  | CUSIP: 50221UAE1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     96910 | PA      | $97127.75     | 0.04%             | 2031-12-02      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| Brown Group Holding LLC                                      | Brown Group Holding LLC, First Lien, Initial Term Loan                                       | CUSIP: 11565HAB2<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |    249369 | PA      | $250008.32    | 0.11%             | 2031-07-01      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| Standard Industries, Inc.                                    | Standard Industries, Inc.                                                                    | CUSIP: 853496AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $94317.49     | 0.04%             | 2030-07-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Nexstar Media, Inc.                                          | Nexstar Media, Inc.                                                                          | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125054.93    | 0.05%             | 2027-07-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                      | Dryden Senior Loan Fund, Series 2016-45A, Class A1RR                                         | CUSIP: 26244MAW2<br>LEI: 54930046L20VLJKPVV31 | Long             | ABS-CBDO         | CORP              | KY        |     65122 | PA      | $65141.69     | 0.03%             | 2030-10-15      | Floating      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Zayo Group Holdings, Inc.                                    | Zayo Group Holdings, Inc., First Lien, Initial Dollar Term Loan                              | CUSIP: 98919XAH4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    161308 | PA      | $158678.24    | 0.07%             | 2030-03-11      | Variable      | 6.79%                 | No            |                  2 | On Loan: No      |
| Arini US CLO Ltd.                                            | Arini US CLO Ltd., Series 5A, Class D                                                        | CUSIP: 04040CAG2<br>LEI: 254900RPWXD20B0D2E70 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 0.43%             | 2039-04-15      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Riserva CLO Ltd.                                             | Riserva CLO Ltd., Series 2016-3A, Class AR3                                                  | CUSIP: 76761RBG3<br>LEI: 549300640C8OB2I8SN35 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2001321.88   | 0.87%             | 2034-01-18      | Floating      | 4.72%                 | Yes           |                  2 | On Loan: No      |
| Iron Mountain, Inc.                                          | Iron Mountain, Inc.                                                                          | CUSIP: 46284VAG6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59394.34     | 0.03%             | 2028-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Constellation Energy Generation LLC                          | Constellation Energy Generation LLC                                                          | CUSIP: 210385AP5<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    475000 | PA      | $471405.38    | 0.20%             | 2028-01-08      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Plastipak Packaging, Inc.                                    | Plastipak Packaging, Inc., First Lien, Term Loan, B                                          | CUSIP: 72761JAK2<br>LEI: 549300Y39ISK7CP7EO21 | Long             | LON              | CORP              | US        |    398997 | PA      | $395340.68    | 0.17%             | 2032-09-24      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| ARES Loan Funding Ltd.                                       | Ares Loan Funding Ltd., Series 2021-ALFA, Class D1R                                          | CUSIP: 04018XAW9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $994828.73    | 0.43%             | 2039-04-15      | Floating      | 6.52%                 | Yes           |                  2 | On Loan: No      |
| Osmosis Buyer Ltd.                                           | Osmosis Buyer Ltd., First Lien, 2026 Refinancing Term Loan, B                                | CUSIP: 00132UAQ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    250000 | PA      | $249726.26    | 0.11%             | 2028-07-31      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| Kioxia Holdings Corp.                                        | Kioxia Holdings Corp.                                                                        | CUSIP: 49726JAA6<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |    592000 | PA      | $602081.13    | 0.26%             | 2030-07-24      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                      | Talen Energy Supply LLC                                                                      | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |    675000 | PA      | $708437.48    | 0.31%             | 2030-06-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Volkswagen Auto Loan Enhanced Trust                          | Volkswagen Auto Loan Enhanced Trust, Series 2024-1, Class A2A                                | CUSIP: 92868RAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    173807 | PA      | $174115.32    | 0.08%             | 2027-11-22      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Post CLO Ltd.                                                | Post CLO Ltd., Series 2023-1A, Class BR                                                      | CUSIP: 73743CAQ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000609.76   | 0.43%             | 2038-10-20      | Floating      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| Grinding Media, Inc.                                         | Grinding Media, Inc., First Lien, Term Loan                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    500000 | PA      | $497500.00    | 0.22%             | 2033-02-21      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Inception Finco SARL                                         | Inception Finco SARL, First Lien, Term Loan, B9                                              | CUSIP: 45073SAD7<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |    199000 | PA      | $200575.09    | 0.09%             | 2031-04-18      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| Fox Corp.                                                    | Fox Corp.                                                                                    | CUSIP: 35137LAH8<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |    635000 | PA      | $636736.76    | 0.28%             | 2029-01-25      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Hudson River Trading LLC                                     | Hudson River Trading LLC, First Lien, Term Loan, B2                                          | CUSIP: 44413EAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    447374 | PA      | $446070.13    | 0.19%             | 2030-03-18      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| Builders FirstSource, Inc.                                   | Builders FirstSource, Inc.                                                                   | CUSIP: 12008RAN7<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    350000 | PA      | $341122.67    | 0.15%             | 2030-03-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP                    | XPLR Infrastructure Operating Partners LP                                                    | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    575000 | PA      | $605616.45    | 0.26%             | 2031-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Clarios Global LP                                            | Clarios Global LP, First Lien, 2024 Dollar Term Loan                                         | CUSIP: C8000CAM5<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |    548611 | PA      | $547582.47    | 0.24%             | 2030-05-06      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| Match Group Holdings II LLC                                  | Match Group Holdings II LLC                                                                  | CUSIP: 57665RAL0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    450000 | PA      | $417436.36    | 0.18%             | 2030-08-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Barings Equipment Finance LLC                                | Barings Equipment Finance LLC, Series 2025-B, Class A2                                       | CUSIP: 06764YAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    140000 | PA      | $139985.23    | 0.06%             | 2029-02-13      | Fixed         | 4.02%                 | Yes           |                  2 | On Loan: No      |
| Chase Auto Owner Trust                                       | Chase Auto Owner Trust, Series 2024-5A, Class A2                                             | CUSIP: 16144QAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        92 | PA      | $92.03        | 0.00%             | 2027-11-26      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| CBAM Ltd.                                                    | CBAM Ltd., Series 2018-5A, Class D1R                                                         | CUSIP: 12516LAL9<br>LEI: 25490038OT2B8HTRW786 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $980922.47    | 0.43%             | 2038-10-17      | Floating      | 7.11%                 | Yes           |                  2 | On Loan: No      |
| Anchorage Capital CLO Ltd.                                   | Anchorage Capital CLO Ltd., Series 2022-24A, Class A1R                                       | CUSIP: 03331GAQ1<br>LEI: 549300X5ZN5RMBYQ2W98 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002652.06   | 0.44%             | 2037-07-15      | Floating      | 5.10%                 | Yes           |                  2 | On Loan: No      |
| Burlington Coat Factory Warehouse Corp.                      | Burlington Coat Factory Warehouse Corp., First Lien, Term Loan, B                            | CUSIP: 121575AL8<br>LEI: 549300SIFDMGE3Y2SW49 | Long             | LON              | CORP              | US        |    197990 | PA      | $197989.95    | 0.09%             | 2031-09-24      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| Campbell's Co. (The)                                         | Campbell's Co. (The)                                                                         | CUSIP: 134429BJ7<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    100000 | PA      | $89848.87     | 0.04%             | 2030-04-24      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Pegasus Bidco BV                                             | Pegasus Bidco BV, First Lien, 2025-1 Dollar Term Loan                                        | CUSIP: N6872PAL5<br>LEI: 254900U303DPAFR7MA71 | Long             | LON              | CORP              | NL        |    498744 | PA      | $498120.29    | 0.22%             | 2029-07-12      | Variable      | 6.40%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd.                                    | Neuberger Berman CLO Ltd., Series 2019-32RA, Class D1                                        | CUSIP: 64135XAG6<br>LEI: 25490093SHVBS5BLDZ40 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $991261.12    | 0.43%             | 2039-07-20      | Floating      | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Zoetis, Inc.                                                 | Zoetis, Inc.                                                                                 | CUSIP: 98978VAN3<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297495.44    | 0.13%             | 2028-08-20      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Cross Financial Corp.                                        | Cross Financial Corp., First Lien, Term Loan, B4                                             | CUSIP: 22750JAG9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99002 | PA      | $98383.73     | 0.04%             | 2031-10-31      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| Starbucks Corp.                                              | Starbucks Corp.                                                                              | CUSIP: 855244BG3<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    109000 | PA      | $109541.13    | 0.05%             | 2027-02-08      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Smyrna Ready Mix Concrete LLC                                | Smyrna Ready Mix Concrete LLC                                                                | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    350000 | PA      | $347579.16    | 0.15%             | 2028-11-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Radiology Partners, Inc.                                     | Radiology Partners, Inc.                                                                     | CUSIP: 75041VAE4<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |    375000 | PA      | $380670.00    | 0.17%             | 2032-07-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Mars, Inc.                                                   | Mars, Inc.                                                                                   | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301928.06    | 0.13%             | 2028-03-01      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd.                             | Benefit Street Partners CLO Ltd., Series 2014-IVA, Class AR5                                 | CUSIP: 08180FCG4<br>LEI: 5493002BNZCV0YE1MG83 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999189.39    | 0.43%             | 2038-10-20      | Floating      | 4.92%                 | Yes           |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                           | Honda Auto Receivables Owner Trust, Series 2023-3, Class A3                                  | CUSIP: 43815QAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    140755 | PA      | $141494.55    | 0.06%             | 2028-02-18      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO Ltd.                                             | Elmwood CLO Ltd., Series 2021-5A, Class D1R                                                  | CUSIP: 29002YAQ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $990055.82    | 0.43%             | 2037-10-15      | Floating      | 6.77%                 | Yes           |                  2 | On Loan: No      |
| Amynta Agency Borrower, Inc.                                 | Amynta Agency Borrower, Inc., First Lien, 2026 Refinancing Term Loan                         | CUSIP: 57810JAN8<br>LEI: 5493000GP6HBRVTWBO85 | Long             | LON              | CORP              | US        |    149250 | PA      | $147304.53    | 0.06%             | 2031-12-29      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| DTE Energy Co.                                               | DTE Energy Co.                                                                               | CUSIP: 233331BM8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    588000 | PA      | $591949.47    | 0.26%             | 2027-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BlueMountain CLO Ltd.                                        | BlueMountain CLO Ltd., Series 2020-30A, Class DR                                             | CUSIP: 09630QAS0<br>LEI: 5493002GUQ80FGGGNP40 | Long             | ABS-CBDO         | CORP              | KY        |    900000 | PA      | $891771.16    | 0.39%             | 2035-04-15      | Floating      | 6.97%                 | Yes           |                  2 | On Loan: No      |
| Toyota Lease Owner Trust                                     | Toyota Lease Owner Trust, Series 2024-A, Class A3                                            | CUSIP: 89238GAD3<br>LEI: 254900MVSB4M6HOIRE71 | Long             | ABS-O            | CORP              | US        |     17748 | PA      | $17763.01     | 0.01%             | 2027-04-20      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Iron Mountain, Inc.                                          | Iron Mountain, Inc.                                                                          | CUSIP: 46284VAF8<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    225000 | PA      | $219050.64    | 0.10%             | 2029-09-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Barings CLO Ltd.                                             | Barings CLO Ltd., Series 2025-8A, Class E                                                    | CUSIP: 06765KAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $978310.28    | 0.42%             | 2039-01-15      | Floating      | 8.67%                 | Yes           |                  2 | On Loan: No      |
| GE HealthCare Technologies, Inc.                             | GE HealthCare Technologies, Inc.                                                             | CUSIP: 36267VAF0<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    475000 | PA      | $484586.87    | 0.21%             | 2027-11-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd.                                    | Neuberger Berman CLO Ltd., Series 2016-22A, Class ER2                                        | CUSIP: 64131CAG6<br>LEI: 549300FFV1EYI8ON7P41 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250000.00    | 0.11%             | 2038-04-15      | Floating      | 10.50%                | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                      | Hyundai Auto Lease Securitization Trust, Series 2025-B, Class A2A                            | CUSIP: 44935DAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     53565 | PA      | $53679.83     | 0.02%             | 2027-09-15      | Fixed         | 4.58%                 | Yes           |                  2 | On Loan: No      |
| Go Daddy Operating Co. LLC                                   | Go Daddy Operating Co. LLC / GD Finance Co., Inc.                                            | CUSIP: 38016LAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $558871.20    | 0.24%             | 2029-03-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                           | Honda Auto Receivables Owner Trust, Series 2025-2, Class A2A                                 | CUSIP: 437921AB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     45841 | PA      | $45879.95     | 0.02%             | 2028-01-18      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Barings Equipment Finance LLC                                | Barings Equipment Finance LLC, Series 2025-A, Class A2                                       | CUSIP: 06764MAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    301774 | PA      | $303114.25    | 0.13%             | 2028-10-13      | Fixed         | 4.64%                 | Yes           |                  2 | On Loan: No      |
| Ahead DB Holdings LLC                                        | Ahead DB Holdings LLC                                                                        | CUSIP: 00867FAA6<br>LEI: 254900L07WFL833JX193 | Long             | DBT              | CORP              | US        |    475000 | PA      | $465152.40    | 0.20%             | 2028-05-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC                            | Alliant Holdings Intermediate LLC, First Lien, Initial Term Loan                             | CUSIP: 01881UAN5<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |    347877 | PA      | $345604.10    | 0.15%             | 2031-09-19      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| Amgen, Inc.                                                  | Amgen, Inc.                                                                                  | CUSIP: 031162CT5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    300000 | PA      | $294597.56    | 0.13%             | 2027-02-21      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| PMT Loan Trust                                               | PMT Loan Trust, Series 2026-INV4, Class A2                                                   | CUSIP: 69383UAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $350252.00    | 0.15%             | 2057-03-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Bryant Park Funding Ltd.                                     | Bryant Park Funding Ltd., Series 2021-17RA, Class ER                                         | CUSIP: 11766LAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $477690.50    | 0.21%             | 2038-01-20      | Floating      | 10.60%                | Yes           |                  2 | On Loan: No      |
| Trestles CLO Ltd.                                            | Trestles CLO Ltd., Series 2025-8A, Class D1                                                  | CUSIP: 89533DAL4<br>LEI: 2549002BMO2L1UMJWE02 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $750031.31    | 0.33%             | 2035-06-11      | Floating      | 6.67%                 | Yes           |                  2 | On Loan: No      |
| Michael Baker International, Inc.                            | Michael Baker International, Inc., First Lien, Term Loan, B1                                 | CUSIP: 59406MAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     98503 | PA      | $98687.20     | 0.04%             | 2028-12-01      | Variable      | 7.67%                 | No            |                  2 | On Loan: No      |
| Post CLO Ltd.                                                | Post CLO Ltd., Series 2024-2A, Class E                                                       | CUSIP: 73742WAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $485971.07    | 0.21%             | 2038-01-20      | Floating      | 10.17%                | Yes           |                  2 | On Loan: No      |
| American Airlines, Inc.                                      | American Airlines, Inc., First Lien, 2024 Term Loan, B                                       | CUSIP: 02376CBR5<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |     98980 | PA      | $96752.55     | 0.04%             | 2028-02-15      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Octagon Ltd.                                                 | Octagon Ltd., Series 2022-1A, Class E                                                        | CUSIP: 67579BAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $457532.53    | 0.20%             | 2037-07-21      | Floating      | 11.26%                | Yes           |                  2 | On Loan: No      |
| Grant Thornton Advisors LLC                                  | Grant Thornton Advisors LLC, First Lien, 2025 Incremental Term Loan                          | CUSIP: 38821UAD2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    249372 | PA      | $233422.04    | 0.10%             | 2031-06-02      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| Entegris, Inc.                                               | Entegris, Inc.                                                                               | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    483000 | PA      | $477781.76    | 0.21%             | 2029-04-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Iridium Satellite LLC                                        | Iridium Satellite LLC, First Lien, Term Loan, B4                                             | CUSIP: 46269KAT1<br>LEI: 254900615BJ7139TFM33 | Long             | LON              | CORP              | US        |     97680 | PA      | $95767.29     | 0.04%             | 2030-09-20      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| Ares CLO Ltd.                                                | Ares CLO Ltd., Series 2021-61A, Class ER                                                     | CUSIP: 04019EAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $461790.18    | 0.20%             | 2037-04-20      | Floating      | 10.51%                | Yes           |                  2 | On Loan: No      |
| Baxter International, Inc.                                   | Baxter International, Inc.                                                                   | CUSIP: 071813CB3<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    485000 | PA      | $406364.72    | 0.18%             | 2031-04-01      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| New Mountain CLO Ltd.                                        | New Mountain CLO Ltd., Series 4A, Class ER                                                   | CUSIP: 64754PAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |    450000 | PA      | $436103.26    | 0.19%             | 2038-03-20      | Floating      | 10.58%                | Yes           |                  2 | On Loan: No      |
| GIH Borrower LLC                                             | GIH Borrower LLC, First Lien, Term Loan, B                                                   | CUSIP: 36173YAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     98750 | PA      | $98947.50     | 0.04%             | 2031-11-26      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| AppLovin Corp.                                               | AppLovin Corp.                                                                               | CUSIP: 03831WAB4<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    335000 | PA      | $337020.76    | 0.15%             | 2029-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| United States of America                                     | U.S. Treasury Bills                                                                          | CUSIP: 912797SL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   4000000 | PA      | $3996795.12   | 1.73%             | 2026-04-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Surgery Center Holdings, Inc.                                | Surgery Center Holdings, Inc.                                                                | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |    350000 | PA      | $344198.15    | 0.15%             | 2032-04-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                              | BRAVO Residential Funding Trust, Series 2026-NQM3, Class A1                                  | CUSIP: 10571LAE1<br>LEI: 254900E9MG7I39Q47K50 | Long             | ABS-MBS          | CORP              | US        |    645000 | PA      | $642001.01    | 0.28%             | 2065-11-25      | Variable      | 4.98%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                       | Sequoia Mortgage Trust, Series 2021-4, Class A4                                              | CUSIP: 81748WAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200705 | PA      | $180706.61    | 0.08%             | 2051-06-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Kubota Credit Owner Trust                                    | Kubota Credit Owner Trust, Series 2023-2A, Class A3                                          | CUSIP: 500945AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    163371 | PA      | $164405.22    | 0.07%             | 2028-01-18      | Fixed         | 5.28%                 | Yes           |                  2 | On Loan: No      |
| NESCO Holdings II, Inc.                                      | NESCO Holdings II, Inc.                                                                      | CUSIP: 64083YAA9<br>LEI: 254900FAHT0HW9T6L409 | Long             | DBT              | CORP              | US        |    575000 | PA      | $562869.34    | 0.24%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Public Service Enterprise Group, Inc.                        | Public Service Enterprise Group, Inc.                                                        | CUSIP: 744573AY2<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152955.86    | 0.07%             | 2029-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Universal Health Services, Inc.                              | Universal Health Services, Inc.                                                              | CUSIP: 913903AW0<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |    150000 | PA      | $135111.83    | 0.06%             | 2030-10-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                                 | Acrisure LLC, First Lien, 2025 Refinancing Term Loan, B                                      | CUSIP: 00488PAX3<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |    198500 | PA      | $192669.06    | 0.08%             | 2032-06-21      | Variable      | 6.92%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                             | NRG Energy, Inc.                                                                             | CUSIP: 629377DA7<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    225000 | PA      | $223037.21    | 0.10%             | 2030-10-15      | Fixed         | 4.73%                 | Yes           |                  2 | On Loan: No      |
| Fugue Finance BV                                             | Fugue Finance BV, First Lien, 14th Amendment Term Loan                                       | CUSIP: N3430BAN4<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |    198502 | PA      | $196455.94    | 0.09%             | 2032-01-09      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| Signal Peak CLO Ltd.                                         | Signal Peak CLO Ltd., Series 2017-4A, Class BR2                                              | CUSIP: 82667EAQ4<br>LEI: 635400L44OLNOBHFTO08 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1501243.64   | 0.65%             | 2034-10-26      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Citadel Securities LP                                        | Citadel Securities LP, First Lien, 2024 Term Loan, B                                         | CUSIP: 17288YAN2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |     98751 | PA      | $98977.89     | 0.04%             | 2031-10-31      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| AT&T, Inc.                                                   | AT&T, Inc.                                                                                   | CUSIP: 00206RKG6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    525000 | PA      | $500447.69    | 0.22%             | 2028-02-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Vertiv Group Corp.                                           | Vertiv Group Corp.                                                                           | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |    400000 | PA      | $394184.77    | 0.17%             | 2028-11-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Phoenix Guarantor, Inc.                                      | Phoenix Guarantor, Inc., First Lien, Term Loan, B5                                           | CUSIP: 71913BAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    247487 | PA      | $247874.76    | 0.11%             | 2031-02-21      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| BofA Auto Trust                                              | BofA Auto Trust, Series 2024-1A, Class A3                                                    | CUSIP: 09709AAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    776608 | PA      | $781936.94    | 0.34%             | 2028-11-15      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                        | NextEra Energy Capital Holdings, Inc.                                                        | CUSIP: 65339KAT7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    175000 | PA      | $173517.30    | 0.08%             | 2027-05-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO Ltd.                      | Neuberger Berman Loan Advisers CLO Ltd., Series 2020-36RA, Class A                           | CUSIP: 64090EAA4<br>LEI: 254900RBT2LAQQHMHG60 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000229.11   | 0.43%             | 2039-07-20      | Floating      | 4.94%                 | Yes           |                  2 | On Loan: No      |
| Vistra Corp.                                                 | Vistra Corp.                                                                                 | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202243.00    | 0.09%             | 2026-10-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Starbucks Corp.                                              | Starbucks Corp.                                                                              | CUSIP: 855244AR0<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74407.74     | 0.03%             | 2028-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Reworld Holding Corp.                                        | Reworld Holding Corp.                                                                        | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |    350000 | PA      | $328443.82    | 0.14%             | 2029-12-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Medline Borrower LP                                          | Medline Borrower LP                                                                          | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    575000 | PA      | $556555.04    | 0.24%             | 2029-04-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Zimmer Biomet Holdings, Inc.                                 | Zimmer Biomet Holdings, Inc.                                                                 | CUSIP: 98956PAX0<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | DBT              | CORP              | US        |    175000 | PA      | $179044.81    | 0.08%             | 2028-12-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| USB Auto Owner Trust                                         | USB Auto Owner Trust, Series 2025-1A, Class A2                                               | CUSIP: 90367VAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     45209 | PA      | $45272.12     | 0.02%             | 2028-06-15      | Fixed         | 4.51%                 | Yes           |                  2 | On Loan: No      |
| Installed Building Products, Inc.                            | Installed Building Products, Inc., First Lien, Term Loan, B3                                 | CUSIP: 45780YAZ9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     98492 | PA      | $98656.94     | 0.04%             | 2031-03-28      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| White Cap Supply Holdings LLC                                | White Cap Supply Holdings LLC, First Lien, Term Loan, C                                      | CUSIP: 96350TAH3<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |    250000 | PA      | $241032.50    | 0.10%             | 2029-10-19      | Variable      | 6.92%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                                 | Ford Credit Auto Lease Trust, Series 2026-A, Class A3                                        | CUSIP: 345276AD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1080000 | PA      | $1077477.88   | 0.47%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gartner, Inc.                                                | Gartner, Inc.                                                                                | CUSIP: 366651AG2<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |    345000 | PA      | $324665.40    | 0.14%             | 2029-06-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Scientific Games Holdings LP                                 | Scientific Games Holdings LP / Scientific Games US FinCo, Inc.                               | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $172230.42    | 0.07%             | 2030-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Canadian Pacific Railway Co.                                 | Canadian Pacific Railway Co.                                                                 | CUSIP: 13645RBE3<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    325000 | PA      | $320024.06    | 0.14%             | 2026-12-02      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Whatabrands LLC                                              | Whatabrands LLC, First Lien, 2024-2 Refinancing Term Loan, B                                 | CUSIP: 96244UAJ6<br>LEI: 254900HMMX4HTWIP0085 | Long             | LON              | CORP              | US        |    425000 | PA      | $424810.88    | 0.18%             | 2028-08-03      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| Silver Point CLO Ltd.                                        | Silver Point CLO Ltd., Series 2025-9A, Class E                                               | CUSIP: 82810LAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $490948.50    | 0.21%             | 2038-03-31      | Floating      | 10.57%                | Yes           |                  2 | On Loan: No      |
| Kinetik Holdings LP                                          | Kinetik Holdings LP                                                                          | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    600000 | PA      | $602558.40    | 0.26%             | 2030-06-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                               | Hyundai Auto Receivables Trust, Series 2025-B, Class A2A                                     | CUSIP: 44935XAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     64326 | PA      | $64450.16     | 0.03%             | 2028-08-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Corp. Trust                           | GS Mortgage Securities Corp. Trust, Series 2012-BWTR, Class A                                | CUSIP: 36192RAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1179469 | PA      | $1034121.43   | 0.45%             | 2034-11-05      | Fixed         | 2.95%                 | Yes           |                  2 | On Loan: No      |
| Crowdstrike Holdings, Inc.                                   | Crowdstrike Holdings, Inc.                                                                   | CUSIP: 22788CAA3<br>LEI: 549300YBY08K9KM4HX32 | Long             | DBT              | CORP              | US        |    125000 | PA      | $118985.86    | 0.05%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Padagis LLC                                                  | Padagis LLC, First Lien, Term Loan, B                                                        | CUSIP: 69526PAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    175000 | PA      | $161437.50    | 0.07%             | 2028-07-06      | Variable      | 8.66%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd.                                          | Wind River CLO Ltd., Series 2021-4A, Class AR                                                | CUSIP: 97316UAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000302.25   | 0.43%             | 2035-01-20      | Floating      | 4.90%                 | Yes           |                  2 | On Loan: No      |
| Sherwin-Williams Co. (The)                                   | Sherwin-Williams Co. (The)                                                                   | CUSIP: 824348AW6<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |    300000 | PA      | $296888.78    | 0.13%             | 2027-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Lightning Power LLC                                          | Lightning Power LLC                                                                          | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |    350000 | PA      | $364086.71    | 0.16%             | 2032-08-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Southern Co. (The)                                           | Southern Co. (The)                                                                           | CUSIP: 842587DQ7<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504877.89    | 0.22%             | 2028-06-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| EW Scripps Co. (The)                                         | EW Scripps Co. (The), First Lien, Term Loan, B2                                              | CUSIP: 26928BAQ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     86461 | PA      | $87235.22     | 0.04%             | 2028-06-30      | Variable      | 9.54%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd.                                                 | OCP CLO Ltd., Series 2021-21A, Class AR                                                      | CUSIP: 671000AL1<br>LEI: 2549000M7NBNQ7XU2038 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1996849.08   | 0.87%             | 2038-01-20      | Floating      | 4.85%                 | Yes           |                  2 | On Loan: No      |
| Porsche Financial Auto Securitization Trust                  | Porsche Financial Auto Securitization Trust, Series 2024-1A, Class A3                        | CUSIP: 73328EAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    698888 | PA      | $700369.18    | 0.30%             | 2030-01-22      | Fixed         | 4.44%                 | Yes           |                  2 | On Loan: No      |
| Jane Street Group                                            | Jane Street Group                                                                            | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $102856.60    | 0.04%             | 2031-04-30      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Haleon US Capital LLC                                        | Haleon US Capital LLC                                                                        | CUSIP: 36264FAK7<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297173.21    | 0.13%             | 2027-03-24      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CPV Fairview LLC                                             | CPV Fairview LLC, First Lien, Term Loan, B                                                   | CUSIP: 12620SAD5<br>LEI: 549300SLZ4P6TH9PTH93 | Long             | LON              | CORP              | US        |    124258 | PA      | $123947.56    | 0.05%             | 2031-08-14      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| Post CLO Ltd.                                                | Post CLO Ltd., Series 2025-1A, Class E                                                       | CUSIP: 73743JAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $493730.38    | 0.21%             | 2039-01-20      | Floating      | 9.11%                 | Yes           |                  2 | On Loan: No      |
| Flowers Foods, Inc.                                          | Flowers Foods, Inc.                                                                          | CUSIP: 343498AC5<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | DBT              | CORP              | US        |    310000 | PA      | $262314.56    | 0.11%             | 2031-03-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Calpine Construction Finance Co. LP                          | Calpine Construction Finance Co. LP, First Lien, 2025 Refinancing Term Loan                  | CUSIP: 13134NAK7<br>LEI: V0Q3DOB0FIB2XI1KWU77 | Long             | LON              | CORP              | US        |    100000 | PA      | $100156.00    | 0.04%             | 2030-07-31      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO Ltd.                                             | Elmwood CLO Ltd., Series 2021-3A, Class AR2                                                  | CUSIP: 29002VAW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001449.42   | 0.43%             | 2038-07-20      | Floating      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| Air Canada                                                   | Air Canada                                                                                   | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $149337.84    | 0.06%             | 2026-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Energy Transfer LP                                           | Energy Transfer LP                                                                           | CUSIP: 29278NAF0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151568.67    | 0.07%             | 2028-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Stanley Black & Decker, Inc.                                 | Stanley Black & Decker, Inc.                                                                 | CUSIP: 854502AL5<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |     75000 | PA      | $68502.99     | 0.03%             | 2030-03-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                      | Dryden Senior Loan Fund, Series 2016-45A, Class DRR                                          | CUSIP: 26244MBE1<br>LEI: 54930046L20VLJKPVV31 | Long             | ABS-CBDO         | CORP              | KY        |    625000 | PA      | $626628.06    | 0.27%             | 2030-10-15      | Floating      | 6.72%                 | Yes           |                  2 | On Loan: No      |
| Clearway Energy Operating LLC                                | Clearway Energy Operating LLC                                                                | CUSIP: 18539UAC9<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    462000 | PA      | $456082.52    | 0.20%             | 2028-03-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Eli Lilly & Co.                                              | Eli Lilly & Co.                                                                              | CUSIP: 532457CQ9<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150172.98    | 0.07%             | 2029-08-14      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| OAK-Eagle Acquireco, Inc.                                    | OAK-Eagle Acquireco, Inc., First Lien, Term Loan, B1                                         | CUSIP: 67123SAB5<br>LEI: 6488ICS9P20290MA1H31 | Long             | LON              | CORP              | US        |    350000 | PA      | $348250.00    | 0.15%             | 2033-03-23      | Variable      | 6.97%                 | No            |                  2 | On Loan: No      |
| Genesis Energy LP                                            | Genesis Energy LP                                                                            | CUSIP: 37185LAN2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $470176.20    | 0.20%             | 2030-04-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| EW Scripps Co. (The)                                         | EW Scripps Co. (The)                                                                         | CUSIP: 811054AH8<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |    150000 | PA      | $145761.44    | 0.06%             | 2030-08-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners Ltd.                             | Octagon Investment Partners Ltd., Series 2019-1A, Class D1R                                  | CUSIP: 67573LAY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $248797.58    | 0.11%             | 2038-10-15      | Floating      | 6.68%                 | Yes           |                  2 | On Loan: No      |
| VM Consolidated, Inc.                                        | VM Consolidated, Inc.                                                                        | CUSIP: 91835HAA0<br>LEI: 549300GCTGJLEBXJUK89 | Long             | DBT              | CORP              | US        |    475000 | PA      | $459893.58    | 0.20%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Janus Henderson                                              | Janus Henderson US Holdings, Inc., First Lien, Term Loan                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    500000 | PA      | $500000.00    | 0.22%             | 2033-02-21      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Constellation Brands, Inc.                                   | Constellation Brands, Inc.                                                                   | CUSIP: 21036PBH0<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    130000 | PA      | $114711.62    | 0.05%             | 2031-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| United States of America                                     | U.S. Treasury Notes                                                                          | CUSIP: 91282CJW2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2775000 | PA      | $2787953.62   | 1.21%             | 2029-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd.                                             | Oaktree CLO Ltd., Series 2023-2A, Class A1R                                                  | CUSIP: 67401QAL0<br>LEI: 254900E6646RC82IR359 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001448.62   | 0.43%             | 2038-07-20      | Floating      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| Opal Bidco SAS                                               | Opal Bidco SAS                                                                               | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    450000 | PA      | $450706.05    | 0.20%             | 2032-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Dominion Energy, Inc.                                        | Dominion Energy, Inc., Series C                                                              | CUSIP: 25746UDG1<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    350000 | PA      | $334290.85    | 0.15%             | 2030-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Invesco US CLO Ltd.                                          | Invesco US CLO Ltd., Series 2026-1A, Class D1A                                               | CUSIP: 46091DAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 0.43%             | 2039-04-15      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Siemens Financieringsmaatschappij NV                         | Siemens Financieringsmaatschappij NV                                                         | CUSIP: 82620KAU7<br>LEI: TAFO772JB70PDRN5VS48 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $397839.01    | 0.17%             | 2027-03-16      | Fixed         | 3.40%                 | Yes           |                  2 | On Loan: No      |
| OneDigital Borrower LLC                                      | OneDigital Borrower LLC, First Lien, 2025 Refinancing Term Loan, B                           | CUSIP: 68277FAN9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     98250 | PA      | $95241.09     | 0.04%             | 2031-07-02      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| Jane Street Group LLC                                        | Jane Street Group LLC, First Lien, Extended Term Loan, B                                     | CUSIP: 47077DAM2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |    500000 | PA      | $491477.50    | 0.21%             | 2031-12-15      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| NAB Holdings LLC                                             | NAB Holdings LLC, First Lien, 2025 Refinancing Term Loan                                     | CUSIP: 66345FAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    398990 | PA      | $366737.55    | 0.16%             | 2028-11-24      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| DLLAA LLC                                                    | DLLAA LLC, Series 2023-1A, Class A3                                                          | CUSIP: 23292HAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    326046 | PA      | $328931.11    | 0.14%             | 2028-02-22      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| Avantor Funding, Inc.                                        | Avantor Funding, Inc.                                                                        | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    400000 | PA      | $390645.38    | 0.17%             | 2028-07-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                                             | NRG Energy, Inc.                                                                             | CUSIP: 629377CT7<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    325000 | PA      | $352012.38    | 0.15%             | 2033-03-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Belron Finance 2019 LLC                                      | Belron Finance 2019 LLC, First Lien, Term Loan, B                                            | CUSIP: 08078UAQ6<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    198004 | PA      | $198177.00    | 0.09%             | 2031-10-16      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| AEP Transmission Co. LLC                                     | AEP Transmission Co. LLC                                                                     | CUSIP: 00115AAE9<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124068.68    | 0.05%             | 2026-12-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Kubota Credit Owner Trust                                    | Kubota Credit Owner Trust, Series 2025-2A, Class A2                                          | CUSIP: 50117LAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     75000 | PA      | $75180.14     | 0.03%             | 2028-04-17      | Fixed         | 4.48%                 | Yes           |                  2 | On Loan: No      |
| New Mountain CLO Ltd.                                        | New Mountain CLO Ltd., Series CLO-9A, Class D1                                               | CUSIP: 64755YAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $993504.00    | 0.43%             | 2039-04-22      | Floating      | 6.51%                 | Yes           |                  2 | On Loan: No      |
| Financiere Mendel SAS                                        | Financiere Mendel SAS, First Lien, New Term Loan, B                                          | CUSIP: 58650YAD8<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |    197995 | PA      | $199696.75    | 0.09%             | 2030-11-11      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| Invesco US CLO Ltd.                                          | Invesco US CLO Ltd., Series 2025-2A, Class D                                                 | CUSIP: 46151RAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $995443.26    | 0.43%             | 2038-07-15      | Floating      | 6.67%                 | Yes           |                  2 | On Loan: No      |
| Lowe's Cos., Inc.                                            | Lowe's Cos., Inc.                                                                            | CUSIP: 548661DP9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    550000 | PA      | $543580.31    | 0.24%             | 2027-05-03      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                       | Sequoia Mortgage Trust, Series 2025-12, Class A26F                                           | CUSIP: 81749XBB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    294769 | PA      | $296752.95    | 0.13%             | 2055-12-25      | Floating      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| Citco Funding LLC                                            | Citco Funding LLC, First Lien, 2026 Term Loan                                                | CUSIP: 17302JAL1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     49875 | PA      | $49748.32     | 0.02%             | 2033-01-31      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| Magnetite Ltd.                                               | Magnetite Ltd., Series 2020-27A, Class D1RR                                                  | CUSIP: 55955EBC1<br>LEI: 5493003N6WY184N72D84 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $738401.88    | 0.32%             | 2038-10-20      | Floating      | 6.32%                 | Yes           |                  2 | On Loan: No      |
| Brightstar Lottery plc                                       | Brightstar Lottery plc / Brightstar Global Solutions Corp.                                   | CUSIP: 108922AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    330000 | PA      | $321153.33    | 0.14%             | 2033-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Global Medical Response, Inc.                                | Global Medical Response, Inc.                                                                | CUSIP: 37960BAD7<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |    255000 | PA      | $265020.23    | 0.11%             | 2032-10-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Ballyrock CLO Ltd.                                           | Ballyrock CLO Ltd., Series 2021-17A, Class DR                                                | CUSIP: 05876MAE1<br>LEI: 254900J6ILFT5YJVHO91 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $238044.98    | 0.10%             | 2038-10-20      | Floating      | 9.77%                 | Yes           |                  2 | On Loan: No      |
| Northriver Midstream Finance LP                              | Northriver Midstream Finance LP                                                              | CUSIP: 66679NAB6<br>LEI: 549300SOLNLY3BL6GF18 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $602187.60    | 0.26%             | 2032-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| John Deere Owner Trust                                       | John Deere Owner Trust, Series 2022-C, Class A3                                              | CUSIP: 47800BAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     11714 | PA      | $11725.49     | 0.01%             | 2027-06-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Dryden CLO Ltd.                                              | Dryden CLO Ltd., Series 2023-102A, Class ER                                                  | CUSIP: 26253UAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $475513.61    | 0.21%             | 2038-10-15      | Floating      | 9.52%                 | Yes           |                  2 | On Loan: No      |
| VFH Parent LLC                                               | VFH Parent LLC / Valor Co-Issuer, Inc.                                                       | CUSIP: 91824YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $334164.35    | 0.14%             | 2031-06-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Red Planet Borrower LLC                                      | Red Planet Borrower LLC, First Lien, Initial Term Loan                                       | CUSIP: 57165KAE6<br>LEI: 254900LGTHBRY5NA0C90 | Long             | LON              | CORP              | US        |    199500 | PA      | $195559.88    | 0.08%             | 2032-09-08      | Variable      | 7.67%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                                 | Verizon Communications, Inc.                                                                 | CUSIP: 92343VEU4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246632.43    | 0.11%             | 2029-12-03      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| GFL Environmental, Inc.                                      | GFL Environmental, Inc.                                                                      | CUSIP: 36168QAL8<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $243210.28    | 0.11%             | 2028-08-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Standard Building Solutions, Inc.                            | Standard Building Solutions, Inc.                                                            | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    350000 | PA      | $350490.70    | 0.15%             | 2032-08-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| OHA Credit Partners Ltd.                                     | OHA Credit Partners Ltd., Series 2015-12A, Class ER2                                         | CUSIP: 67110BAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $491767.03    | 0.21%             | 2037-04-23      | Floating      | 9.92%                 | Yes           |                  2 | On Loan: No      |
| Avantor Funding, Inc.                                        | Avantor Funding, Inc.                                                                        | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46946.41     | 0.02%             | 2029-11-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Eaton Vance CLO Ltd.                                         | Eaton Vance CLO Ltd., Series 2013-1A, Class AR4                                              | CUSIP: 27830BBY9<br>LEI: 5493001O5CL3BBUIEH94 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002310.41   | 0.43%             | 2038-10-15      | Floating      | 5.01%                 | Yes           |                  2 | On Loan: No      |
| Resideo Funding, Inc.                                        | Resideo Funding, Inc.                                                                        | CUSIP: 76119LAD3<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |    400000 | PA      | $394610.64    | 0.17%             | 2032-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CoreLogic, Inc.                                              | CoreLogic, Inc.                                                                              | CUSIP: 21871DAD5<br>LEI: 54930086CD8K2UIL0516 | Long             | DBT              | CORP              | US        |    225000 | PA      | $211438.98    | 0.09%             | 2028-05-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust           | GM Financial Consumer Automobile Receivables Trust, Series 2025-2, Class A2A                 | CUSIP: 362549AB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     14921 | PA      | $14938.79     | 0.01%             | 2028-02-16      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO Ltd.                                             | Elmwood CLO Ltd., Series 2021-2A, Class D1R                                                  | CUSIP: 29003UAQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $985586.08    | 0.43%             | 2038-04-20      | Floating      | 6.32%                 | Yes           |                  2 | On Loan: No      |
| Atlantica Sustainable Infrastructure Ltd.                    | Atlantica Sustainable Infrastructure Ltd.                                                    | CUSIP: 04916WAA2<br>LEI: 549300ITBBGKJ651R879 | Long             | DBT              | CORP              | GB        |    405000 | PA      | $393636.63    | 0.17%             | 2028-06-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| EVERTEC Group LLC                                            | EVERTEC Group LLC, First Lien, Term Loan, B                                                  | CUSIP: U3000JAQ2<br>LEI: N/A                  | Long             | LON              | CORP              | PR        |    250000 | PA      | $249766.25    | 0.11%             | 2030-10-30      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| General Mills, Inc.                                          | General Mills, Inc.                                                                          | CUSIP: 370334CG7<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |    275000 | PA      | $273650.39    | 0.12%             | 2028-04-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Fleet US Bidco, Inc.                                         | Fleet US Bidco, Inc., First Lien, Term Loan, B2                                              | CUSIP: 33902UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    199000 | PA      | $199497.50    | 0.09%             | 2031-02-21      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust               | Morgan Stanley Residential Mortgage Loan Trust, Series 2026-NQM3, Class A1                   | CUSIP: 617960AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    515000 | PA      | $514802.90    | 0.22%             | 2071-03-25      | Variable      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| Penn Entertainment, Inc.                                     | Penn Entertainment, Inc., First Lien, Term Loan, B                                           | CUSIP: 70757DAZ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    249352 | PA      | $250321.07    | 0.11%             | 2029-05-03      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| Hunterstown Generation LLC                                   | Hunterstown Generation LLC, First Lien, Term Loan                                            | CUSIP: 44579UAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    394696 | PA      | $395519.17    | 0.17%             | 2031-11-06      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| CSX Corp.                                                    | CSX Corp.                                                                                    | CUSIP: 126408HJ5<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    700000 | PA      | $693991.21    | 0.30%             | 2028-03-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Fidelity Investments Money Market Funds - Treasury Portfolio | Fidelity Investments Money Market Funds - Treasury Portfolio, Class I                        | CUSIP: 316175504<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  46440124 | NS      | $46440124.02  | 20.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Workday, Inc.                                                | Workday, Inc.                                                                                | CUSIP: 98138HAJ0<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |    375000 | PA      | $348252.15    | 0.15%             | 2032-04-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| 1988 CLO Ltd.                                                | 1988 CLO Ltd., Series 2022-1A, Class D1R                                                     | CUSIP: 653937AS1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $996051.29    | 0.43%             | 2039-10-15      | Floating      | 6.77%                 | Yes           |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust                        | GM Financial Automobile Leasing Trust, Series 2025-3, Class A2A                              | CUSIP: 379965AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    513712 | PA      | $514201.03    | 0.22%             | 2027-10-20      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| Dominion Energy, Inc.                                        | Dominion Energy, Inc.                                                                        | CUSIP: 25746UDY2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250827.44    | 0.11%             | 2028-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Summer BC Holdco B SARL                                      | Summer BC Holdco B SARL, First Lien, Extended Term Loan, B                                   | CUSIP: 86564BAC6<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |    374048 | PA      | $321307.42    | 0.14%             | 2029-02-15      | Variable      | 8.96%                 | No            |                  2 | On Loan: No      |
| 720 East CLO Ltd.                                            | 720 East CLO Ltd., Series 2023-2A, Class ER                                                  | CUSIP: 817942AE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $482579.52    | 0.21%             | 2038-10-15      | Floating      | 9.17%                 | Yes           |                  2 | On Loan: No      |
| Ares CLO Ltd.                                                | Ares CLO Ltd., Series 2022-66A, Class D1R2                                                   | CUSIP: 04019RBN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $992488.59    | 0.43%             | 2038-10-25      | Floating      | 6.57%                 | Yes           |                  2 | On Loan: No      |
| Primo Water Holdings, Inc.                                   | Primo Water Holdings, Inc. / Triton Water Holdings, Inc.                                     | CUSIP: 74168RAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    575000 | PA      | $559116.49    | 0.24%             | 2029-04-30      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Hormel Foods Corp.                                           | Hormel Foods Corp.                                                                           | CUSIP: 440452AF7<br>LEI: MSD54751OJP1FS2ND863 | Long             | DBT              | CORP              | US        |    110000 | PA      | $98889.50     | 0.04%             | 2030-06-11      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Post CLO Ltd.                                                | Post CLO Ltd., Series 2022-1A, Class DR                                                      | CUSIP: 73742YAQ8<br>LEI: 5493007CUC7FI0ONIF25 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $990355.89    | 0.43%             | 2035-04-20      | Floating      | 6.76%                 | Yes           |                  2 | On Loan: No      |
| Becton Dickinson & Co.                                       | Becton Dickinson & Co.                                                                       | CUSIP: 075887BW8<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    575000 | PA      | $570428.30    | 0.25%             | 2027-06-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| HB Fuller Co.                                                | HB Fuller Co.                                                                                | CUSIP: 40410KAA3<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | DBT              | CORP              | US        |    575000 | PA      | $555703.92    | 0.24%             | 2028-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                         | Verizon Master Trust, Series 2023-7, Class A1A                                               | CUSIP: 92348KCD3<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    382000 | PA      | $385906.26    | 0.17%             | 2029-11-20      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Howden UK Refinance plc                                      | Howden UK Refinance plc / Howden UK Refinance 2 plc / Howden US Refinance LLC                | CUSIP: 44287DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    275000 | PA      | $257912.82    | 0.11%             | 2032-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Signal Peak CLO Ltd.                                         | Signal Peak CLO 3 Ltd., Series 2016-3A, Class D1R4                                           | CUSIP: 82672NAU8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 0.43%             | 2039-04-23      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| SBA Communications Corp.                                     | SBA Communications Corp.                                                                     | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |    705000 | PA      | $668463.94    | 0.29%             | 2029-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Block, Inc.                                                  | Block, Inc.                                                                                  | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    521000 | PA      | $512931.54    | 0.22%             | 2033-08-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| EFMT                                                         | EFMT, Series 2026-NQM4, Class A1                                                             | CUSIP: 26846KAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1003943.19   | 0.44%             | 2071-04-25      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| Cedar Funding CLO Ltd.                                       | Cedar Funding CLO Ltd., Series 2016-5A, Class AR2                                            | CUSIP: 15032ABC0<br>LEI: 635400NWFWJ92O7QGD64 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $998502.83    | 0.43%             | 2039-01-17      | Floating      | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Graham Packaging Co., Inc.                                   | Graham Packaging Co., Inc., First Lien, Initial Term Loan                                    | CUSIP: 38469EAH6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    125000 | PA      | $123932.50    | 0.05%             | 2033-01-26      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| Veralto Corp.                                                | Veralto Corp.                                                                                | CUSIP: 92338CAB9<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |     92000 | PA      | $92392.93     | 0.04%             | 2026-09-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Barings CLO Ltd.                                             | Barings CLO Ltd., Series 2023-1A, Class ER                                                   | CUSIP: 06763EAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $484349.93    | 0.21%             | 2038-04-20      | Floating      | 10.37%                | Yes           |                  2 | On Loan: No      |
| Whitebox CLO Ltd.                                            | Whitebox CLO Ltd., Series 2023-4A, Class ER                                                  | CUSIP: 96467LAE7<br>LEI: 549300SN372GTCE2YI66 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $487135.75    | 0.21%             | 2036-04-20      | Floating      | 10.15%                | Yes           |                  2 | On Loan: No      |
| Global Payments, Inc.                                        | Global Payments, Inc.                                                                        | CUSIP: 37940XAG7<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245520.85    | 0.11%             | 2027-01-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Great Outdoors Group LLC                                     | Great Outdoors Group LLC, First Lien, Term Loan, B                                           | CUSIP: 07014QAP6<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |    249369 | PA      | $249275.17    | 0.11%             | 2032-01-23      | Variable      | 6.92%                 | No            |                  2 | On Loan: No      |
| Invesco US CLO Ltd.                                          | Invesco US CLO Ltd., Series 2023-2A, Class ER                                                | CUSIP: 46147LAE0<br>LEI: 2549000VWIHWVWECHQ22 | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $239351.44    | 0.10%             | 2038-04-21      | Floating      | 11.55%                | Yes           |                  2 | On Loan: No      |
| Trinitas CLO Ltd.                                            | Trinitas CLO Ltd., Series 2019-10A, Class B1R2                                               | CUSIP: 89640AAY2<br>LEI: 549300W90X4BIMRJ8H82 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $993376.08    | 0.43%             | 2035-01-15      | Floating      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| HCA, Inc.                                                    | HCA, Inc.                                                                                    | CUSIP: 404119BX6<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123300.09    | 0.05%             | 2029-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding, Inc.                     | Project Alpha Intermediate Holding, Inc., First Lien, Second Amendment Refinancing Term Loan | CUSIP: 74339DAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99246 | PA      | $75652.92     | 0.03%             | 2030-10-28      | Variable      | 6.92%                 | No            |                  2 | On Loan: No      |
| Pernod Ricard International Finance LLC                      | Pernod Ricard International Finance LLC                                                      | CUSIP: 71427QAA6<br>LEI: 5493009254WI1A8WXT48 | Long             | DBT              | CORP              | US        |    250000 | PA      | $234917.88    | 0.10%             | 2028-04-01      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                                         | Birch Grove CLO Ltd., Series 2024-8A, Class E                                                | CUSIP: 09077UAA0<br>LEI: 254900WH1INTG23INE62 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $498506.12    | 0.22%             | 2037-04-20      | Floating      | 10.77%                | Yes           |                  2 | On Loan: No      |
| Barings CLO Ltd.                                             | Barings CLO Ltd., Series 2025-3A, Class D1                                                   | CUSIP: 06764PAJ6<br>LEI: 254900C5SZMUI4ZDAJ86 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $992256.49    | 0.43%             | 2038-03-31      | Floating      | 6.47%                 | Yes           |                  2 | On Loan: No      |
| Dryden CLO Ltd.                                              | Dryden CLO Ltd., Series 2019-75A, Class AR3                                                  | CUSIP: 26252JBC1<br>LEI: 254900JFO9XUH2EREJ70 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000369.26   | 0.43%             | 2034-04-14      | Floating      | 4.71%                 | Yes           |                  2 | On Loan: No      |
| Shift4 Payments LLC                                          | Shift4 Payments LLC / Shift4 Payments Finance Sub, Inc.                                      | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    501000 | PA      | $493254.56    | 0.21%             | 2032-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Eaton Vance CLO Ltd.                          | Morgan Stanley Eaton Vance CLO Ltd., Series 2021-1A, Class ER                                | CUSIP: 61773LAE0<br>LEI: 549300IR0OSEGDTMK223 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $475772.32    | 0.21%             | 2037-10-23      | Floating      | 9.73%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC ULC                                               | 1011778 BC ULC / New Red Finance, Inc.                                                       | CUSIP: 68245XAT6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    233000 | PA      | $233798.72    | 0.10%             | 2029-09-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                    | Vistra Operations Co. LLC                                                                    | CUSIP: 92840VAE2<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245814.24    | 0.11%             | 2029-07-15      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO Ltd.                      | Neuberger Berman Loan Advisers CLO Ltd., Series 2020-39A, Class A1R                          | CUSIP: 64134GAL3<br>LEI: 549300VZYYV7KE4XNU69 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501288.05    | 0.22%             | 2038-04-20      | Floating      | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Apidos CLO Ltd.                                              | Apidos CLO Ltd., Series 2018-18A, Class A1R2                                                 | CUSIP: 03767NAW6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $500936.77    | 0.22%             | 2038-01-22      | Floating      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Magnetite Ltd.                                               | Magnetite Ltd., Series 2019-23A, Class AR2                                                   | CUSIP: 55954NAS8<br>LEI: 549300WG00K34O9YA435 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000297.30   | 0.43%             | 2035-01-25      | Floating      | 4.64%                 | Yes           |                  2 | On Loan: No      |
| Carlyle US CLO Ltd.                                          | Carlyle US CLO Ltd., Series 2026-2A, Class D                                                 | CUSIP: 142928AJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    375000 | PA      | $375000.00    | 0.16%             | 2039-04-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Volvo Financial Equipment LLC                                | Volvo Financial Equipment LLC, Series 2025-2A, Class A2                                      | CUSIP: 92886CAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    145000 | PA      | $144933.92    | 0.06%             | 2028-06-15      | Fixed         | 3.96%                 | Yes           |                  2 | On Loan: No      |
| Bryant Park Funding Ltd.                                     | Bryant Park Funding Ltd., Series 2023-20A, Class DR                                          | CUSIP: 117919AJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $246567.94    | 0.11%             | 2038-04-15      | Floating      | 7.07%                 | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd.                             | Benefit Street Partners CLO Ltd., Series 2025-42A, Class A                                   | CUSIP: 08187LAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $998680.61    | 0.43%             | 2038-10-25      | Floating      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| Menlo CLO Ltd.                                               | Menlo CLO Ltd., Series 2025-3A, Class D                                                      | CUSIP: 58682NAG7<br>LEI: 254900SSGUF4LVDEDB34 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $751684.13    | 0.33%             | 2038-10-16      | Floating      | 6.89%                 | Yes           |                  2 | On Loan: No      |
| PMT Loan Trust                                               | PMT Loan Trust, Series 2026-J2, Class A24                                                    | CUSIP: 729921BA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    975000 | PA      | $972490.45    | 0.42%             | 2057-03-25      | Floating      | 5.01%                 | Yes           |                  2 | On Loan: No      |
| Wyndham Hotels & Resorts, Inc.                               | Wyndham Hotels & Resorts, Inc.                                                               | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |    225000 | PA      | $219925.19    | 0.10%             | 2028-08-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Delta Topco, Inc.                                            | Delta Topco, Inc., Second Lien, Second Amendment Term Loan                                   | CUSIP: 24780DAH0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    200000 | PA      | $176666.00    | 0.08%             | 2030-12-24      | Variable      | 8.92%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                                 | Verizon Communications, Inc.                                                                 | CUSIP: 92343VER1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    345000 | PA      | $345161.25    | 0.15%             | 2028-09-21      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Empower CLO Ltd.                                             | Empower CLO Ltd., Series 2023-3A, Class D1R                                                  | CUSIP: 29247KAX5<br>LEI: 213800DM8ZNUIQ1JCN40 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $988162.52    | 0.43%             | 2039-01-20      | Floating      | 6.52%                 | Yes           |                  2 | On Loan: No      |
| Fair Isaac Corp.                                             | Fair Isaac Corp.                                                                             | CUSIP: 303250AJ3<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    255000 | PA      | $251018.84    | 0.11%             | 2034-09-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                                             | CCO Holdings LLC / CCO Holdings Capital Corp.                                                | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     62000 | PA      | $61970.80     | 0.03%             | 2027-05-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Menlo CLO Ltd.                                               | Menlo CLO Ltd., Series 2024-1A, Class A1                                                     | CUSIP: 586915AA8<br>LEI: 2549005RHPY3C68SIP61 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501159.58    | 0.22%             | 2038-01-20      | Floating      | 5.09%                 | Yes           |                  2 | On Loan: No      |
| Quartz AcquireCo LLC                                         | Quartz AcquireCo LLC, First Lien, Term Loan, B2                                              | CUSIP: 74773KAE5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    197970 | PA      | $165799.50    | 0.07%             | 2030-06-28      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| BMW US Capital LLC                                           | BMW US Capital LLC                                                                           | CUSIP: 05565EBJ3<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    490000 | PA      | $476170.42    | 0.21%             | 2029-04-18      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd.                                    | Madison Park Funding Ltd., Series 2021-59A, Class A1R                                        | CUSIP: 55822EAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1503882.82   | 0.65%             | 2037-04-18      | Floating      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co.                               | Hewlett Packard Enterprise Co.                                                               | CUSIP: 42824CBS7<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249712.23    | 0.11%             | 2027-09-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Barings CLO Ltd.                                             | Barings CLO Ltd., Series 2025-7A, Class D1                                                   | CUSIP: 06765FAL2<br>LEI: 254900I80K3UAJ5XX377 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $988091.50    | 0.43%             | 2038-01-15      | Floating      | 6.43%                 | Yes           |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                                  | Allied Universal Holdco LLC / Allied Universal Finance Corp. / Atlas Luxco 4 SARL            | CUSIP: 019579AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    475000 | PA      | $464383.97    | 0.20%             | 2028-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Carlyle US CLO Ltd.                                          | Carlyle US CLO Ltd., Series 2020-2A, Class A1R2                                              | CUSIP: 14315GAW5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1996020.62   | 0.87%             | 2035-01-25      | Floating      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Kennedy Lewis CLO Ltd.                                       | Kennedy Lewis CLO Ltd., Series 7A, Class D1R                                                 | CUSIP: 37149LAU1<br>LEI: 25490036G9JNQQPHIX69 | Long             | ABS-CBDO         | CORP              | KY        |    777000 | PA      | $761496.68    | 0.33%             | 2037-04-22      | Floating      | 7.67%                 | Yes           |                  2 | On Loan: No      |
| AmWINS Group, Inc.                                           | AmWINS Group, Inc.                                                                           | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    550000 | PA      | $553528.80    | 0.24%             | 2029-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Rad CLO Ltd.                                                 | Rad CLO Ltd., Series 2021-15A, Class A1AR                                                    | CUSIP: 750103AJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002433.62   | 0.43%             | 2040-07-20      | Floating      | 5.03%                 | Yes           |                  2 | On Loan: No      |
| Barracuda Networks, Inc.                                     | Barracuda Networks, Inc., First Lien, Initial Term Loan                                      | CUSIP: 06832FAB3<br>LEI: 549300CXGRZWNMPU8080 | Long             | LON              | CORP              | US        |    325000 | PA      | $210031.25    | 0.09%             | 2029-08-15      | Variable      | 8.17%                 | No            |                  2 | On Loan: No      |
| Ares CLO Ltd.                                                | Ares CLO Ltd., Series 2025-76A, Class E                                                      | CUSIP: 04021KAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $242311.95    | 0.11%             | 2038-05-27      | Floating      | 10.83%                | Yes           |                  2 | On Loan: No      |
| Dell International LLC                                       | Dell International LLC / EMC Corp.                                                           | CUSIP: 24703TAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $306234.92    | 0.13%             | 2029-10-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Octagon Ltd.                                                 | Octagon Ltd., Series 2022-1A, Class D                                                        | CUSIP: 675930AJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $968057.83    | 0.42%             | 2035-05-15      | Floating      | 7.35%                 | Yes           |                  2 | On Loan: No      |
| Amentum Holdings, Inc.                                       | Amentum Holdings, Inc., First Lien, Initial Term Loan                                        | CUSIP: 02351XAB4<br>LEI: 2549009FJIBLW40CU216 | Long             | LON              | CORP              | US        |    299060 | PA      | $299496.19    | 0.13%             | 2031-09-29      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| UKG, Inc.                                                    | UKG, Inc.                                                                                    | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    425000 | PA      | $415722.43    | 0.18%             | 2031-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Cedar Funding CLO Ltd.                                       | Cedar Funding CLO Ltd., Series 2023-17A, Class D1R                                           | CUSIP: 15033PAY9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $995490.65    | 0.43%             | 2038-07-20      | Floating      | 6.72%                 | Yes           |                  2 | On Loan: No      |
| Invesco US CLO Ltd.                                          | Invesco US CLO Ltd., Series 2023-1A, Class AR2                                               | CUSIP: 46146GAY8<br>LEI: 54930008KXQ75MGXPQ71 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $998341.85    | 0.43%             | 2037-04-22      | Floating      | 4.78%                 | Yes           |                  2 | On Loan: No      |
| Elmwood CLO Ltd.                                             | Elmwood CLO Ltd., Series 2021-1A, Class AR                                                   | CUSIP: 29003EAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $802067.33    | 0.35%             | 2037-04-20      | Floating      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                      | Hyundai Auto Lease Securitization Trust, Series 2025-B, Class A3                             | CUSIP: 44935DAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    705000 | PA      | $707987.93    | 0.31%             | 2028-04-17      | Fixed         | 4.53%                 | Yes           |                  2 | On Loan: No      |
| Duke Energy Corp.                                            | Duke Energy Corp.                                                                            | CUSIP: 26441CAX3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    275000 | PA      | $270967.71    | 0.12%             | 2027-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Lease Trust                                  | Volkswagen Auto Lease Trust, Series 2026-A, Class A3                                         | CUSIP: 92868CAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    555000 | PA      | $554257.52    | 0.24%             | 2029-03-20      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| S&P Global, Inc.                                             | S&P Global, Inc.                                                                             | CUSIP: 78409VBH6<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |    325000 | PA      | $319911.93    | 0.14%             | 2027-03-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Ares CLO Ltd.                                                | Ares CLO Ltd., Series 2016-39A, Class AR3                                                    | CUSIP: 04015WBL7<br>LEI: 5493005YAOTYJUJV3S58 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002585.20   | 0.44%             | 2037-07-18      | Floating      | 5.09%                 | Yes           |                  2 | On Loan: No      |
| Select Medical Corp.                                         | Select Medical Corp., First Lien, Term Loan                                                  | CUSIP: 816194AZ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    350000 | PA      | $349562.50    | 0.15%             | 2031-12-31      | Variable      | 6.72%                 | No            |                  2 | On Loan: No      |
| Cotiviti, Inc.                                               | Cotiviti, Inc., First Lien, New Term Loan, B                                                 | CUSIP: 22164MAB3<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |     98500 | PA      | $90989.87     | 0.04%             | 2031-05-01      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC                            | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                               | CUSIP: 01883LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $147121.05    | 0.06%             | 2027-10-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Shackleton CLO Ltd.                                          | Shackleton CLO Ltd., Series 2015-7RA, Class ARR                                              | CUSIP: 81883AAS8<br>LEI: 549300NCJRO2LKFZ8G86 | Long             | ABS-CBDO         | CORP              | KY        |    113497 | PA      | $113610.74    | 0.05%             | 2031-07-15      | Floating      | 4.77%                 | Yes           |                  2 | On Loan: No      |
| Merck & Co., Inc.                                            | Merck & Co., Inc.                                                                            | CUSIP: 58933YBV6<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250620.41    | 0.11%             | 2029-03-15      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| International Business Machines Corp.                        | International Business Machines Corp.                                                        | CUSIP: 459200JR3<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    325000 | PA      | $322950.19    | 0.14%             | 2027-01-27      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd.                                             | Oaktree CLO Ltd., Series 2022-1A, Class ER                                                   | CUSIP: 67402NAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $952796.88    | 0.41%             | 2038-07-15      | Floating      | 9.67%                 | Yes           |                  2 | On Loan: No      |
| Zoetis, Inc.                                                 | Zoetis, Inc.                                                                                 | CUSIP: 98978VAW3<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174486.78    | 0.08%             | 2028-08-17      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Magnetite Ltd.                                               | Magnetite Ltd., Series 2019-23A, Class BR2                                                   | CUSIP: 55954NAU3<br>LEI: 549300WG00K34O9YA435 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $993583.16    | 0.43%             | 2035-01-25      | Floating      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Starwood Property Trust, Inc.                                | Starwood Property Trust, Inc.                                                                | CUSIP: 85571BBF1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    350000 | PA      | $346235.68    | 0.15%             | 2028-10-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Crown Americas LLC                                           | Crown Americas LLC / Crown Americas Capital Corp. V                                          | CUSIP: 22819KAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $99685.64     | 0.04%             | 2026-09-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Raven Acquisition Holdings LLC                               | Raven Acquisition Holdings LLC                                                               | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $337717.49    | 0.15%             | 2031-11-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                 | Dell Equipment Finance Trust, Series 2024-1, Class A3                                        | CUSIP: 24702GAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    293493 | PA      | $294917.33    | 0.13%             | 2030-03-22      | Fixed         | 5.39%                 | Yes           |                  2 | On Loan: No      |
| A-AP Buyer, Inc.                                             | A-AP Buyer, Inc., First Lien, Initial Term Loan                                              | CUSIP: 00036FAB0<br>LEI: 254900BOO8W9IR1VYO11 | Long             | LON              | CORP              | US        |    197995 | PA      | $198489.98    | 0.09%             | 2031-09-09      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                          | Toyota Auto Receivables Owner Trust, Series 2025-B, Class A2A                                | CUSIP: 89231HAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     42513 | PA      | $42560.40     | 0.02%             | 2028-03-15      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| TerraForm Power Operating LLC                                | TerraForm Power Operating LLC                                                                | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    550000 | PA      | $527064.56    | 0.23%             | 2030-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| KKR CLO Ltd.                                                 | KKR CLO Ltd., Series 40A, Class AR                                                           | CUSIP: 48254UAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001134.49   | 0.43%             | 2034-10-20      | Floating      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| Bain Capital Credit CLO Ltd.                                 | Bain Capital Credit CLO Ltd., Series 2021-3A, Class D                                        | CUSIP: 05683NAG7<br>LEI: 254900XV68IP5ZAT0548 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $963375.20    | 0.42%             | 2034-07-24      | Floating      | 7.03%                 | Yes           |                  2 | On Loan: No      |
| Eaton Vance CLO Ltd.                                         | Eaton Vance CLO Ltd., Series 2013-1A, Class D1R4                                             | CUSIP: 27830BCG7<br>LEI: 5493001O5CL3BBUIEH94 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $995481.23    | 0.43%             | 2038-10-15      | Floating      | 6.67%                 | Yes           |                  2 | On Loan: No      |
| Astoria Energy LLC                                           | Astoria Energy LLC, First Lien, Advance Term Loan, B                                         | CUSIP: 04626LAJ8<br>LEI: 549300BXD26J7I0IPB62 | Long             | LON              | CORP              | US        |    137914 | PA      | $138334.46    | 0.06%             | 2032-06-23      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| Dryden CLO Ltd.                                              | Dryden CLO Ltd., Series 2025-120A, Class E                                                   | CUSIP: 26254EAA5<br>LEI: 254900RK37YYJANZLP58 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $489415.03    | 0.21%             | 2039-01-15      | Floating      | 9.15%                 | Yes           |                  2 | On Loan: No      |
| Golub Capital CLO Ltd.                                       | Golub Capital CLO Ltd., Series 2026-88A, Class D1                                            | CUSIP: 38190MAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000000.00   | 0.87%             | 2039-04-17      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Digital Realty Trust LP                                      | Digital Realty Trust LP                                                                      | CUSIP: 25389JAR7<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |    375000 | PA      | $371201.76    | 0.16%             | 2027-08-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Mueller Water Products, Inc.                                 | Mueller Water Products, Inc.                                                                 | CUSIP: 624758AF5<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | DBT              | CORP              | US        |    193000 | PA      | $186073.56    | 0.08%             | 2029-06-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                     | U.S. Treasury Bills                                                                          | CUSIP: 912797QD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   2500000 | PA      | $2496228.13   | 1.08%             | 2026-04-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cyprium Corp.                                                | Cyprium Corp. / Cyprium Holdings Luxembourg SARL                                             | CUSIP: 23292NAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    335000 | PA      | $331086.35    | 0.14%             | 2031-04-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Eaton Vance CLO Ltd.                          | Morgan Stanley Eaton Vance CLO Ltd., Series 2023-19A, Class D1R                              | CUSIP: 617934AU8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $997500.00    | 0.43%             | 2038-07-15      | Floating      | 6.67%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                     | U.S. Treasury Bills                                                                          | CUSIP: 912797SV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   1500000 | PA      | $1492453.13   | 0.65%             | 2026-05-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VMware LLC                                                   | VMware LLC                                                                                   | CUSIP: 928563AJ4<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    113000 | PA      | $111823.88    | 0.05%             | 2026-08-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers NBLA CLO Ltd.                 | Neuberger Berman Loan Advisers NBLA CLO Ltd., Series 2022-52A, Class AR                      | CUSIP: 64135FAN0<br>LEI: 5493008RV69QDGFCMY47 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1000764.42   | 0.43%             | 2038-10-24      | Floating      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| Brightstar Lottery plc                                       | Brightstar Lottery plc                                                                       | CUSIP: 460599AE3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $99252.89     | 0.04%             | 2029-01-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| ASGN, Inc.                                                   | ASGN, Inc.                                                                                   | CUSIP: 00191UAA0<br>LEI: LZBNYYCBUKY537072438 | Long             | DBT              | CORP              | US        |    325000 | PA      | $314921.26    | 0.14%             | 2028-05-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                            | Enterprise Products Operating LLC                                                            | CUSIP: 29379VBT9<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    475000 | PA      | $474146.44    | 0.21%             | 2028-10-16      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| American Builders & Contractors Supply Co., Inc.             | American Builders & Contractors Supply Co., Inc.                                             | CUSIP: 024747AF4<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |    395000 | PA      | $387861.48    | 0.17%             | 2028-01-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                              | TransDigm, Inc., First Lien, Term Loan, K                                                    | CUSIP: 89364MCF9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    450000 | PA      | $450510.75    | 0.20%             | 2030-03-22      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                        | NextEra Energy Capital Holdings, Inc.                                                        | CUSIP: 65339KBY5<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    300000 | PA      | $294402.08    | 0.13%             | 2027-01-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Light & Wonder International, Inc.                           | Light & Wonder International, Inc.                                                           | CUSIP: 531968AA3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    550000 | PA      | $564778.50    | 0.25%             | 2031-09-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Southern Co. (The)                                           | Southern Co. (The)                                                                           | CUSIP: 842587DD6<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176574.62    | 0.08%             | 2027-08-01      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                                   | J.P. Morgan Mortgage Trust, Series 2026-NQX1, Class A1                                       | CUSIP: 46594QAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1003688.70   | 0.44%             | 2066-07-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Atlassian Corp.                                              | Atlassian Corp.                                                                              | CUSIP: 049468AA9<br>LEI: 549300V7ZY5P02D2MY38 | Long             | DBT              | CORP              | US        |    350000 | PA      | $352185.98    | 0.15%             | 2029-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Stryker Corp.                                                | Stryker Corp.                                                                                | CUSIP: 863667BC4<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152284.15    | 0.07%             | 2028-12-08      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| NYACK Park CLO Ltd.                                          | NYACK Park CLO Ltd., Series 2021-1A, Class D1R                                               | CUSIP: 67080PAY2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $492346.80    | 0.21%             | 2038-10-20      | Floating      | 6.37%                 | Yes           |                  2 | On Loan: No      |
| Apollo Commercial Real Estate Finance, Inc.                  | Apollo Commercial Real Estate Finance, Inc., First Lien, Initial Term Loan                   | CUSIP: 03768DAE7<br>LEI: 549300E0AN7M2AQHSY29 | Long             | LON              | CORP              | US        |    198500 | PA      | $199121.31    | 0.09%             | 2030-06-13      | Variable      | 6.93%                 | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                                | Netflix, Inc.                                                                                | CUSIP: 64110LAS5<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    145000 | PA      | $146926.18    | 0.06%             | 2028-04-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Graphic Packaging International LLC                          | Graphic Packaging International LLC                                                          | CUSIP: 38869AAD9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    575000 | PA      | $528204.14    | 0.23%             | 2030-02-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                            | Enterprise Products Operating LLC                                                            | CUSIP: 29379VCJ0<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    225000 | PA      | $225343.50    | 0.10%             | 2028-06-20      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Clorox Co. (The)                                             | Clorox Co. (The)                                                                             | CUSIP: 189054AY5<br>LEI: 54930044KVSC06Z79I06 | Long             | DBT              | CORP              | US        |    950000 | PA      | $949179.73    | 0.41%             | 2029-05-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| RR Ltd.                                                      | RR Ltd., Series 2022-21A, Class DR                                                           | CUSIP: 78090GAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |    500000 | PA      | $482344.51    | 0.21%             | 2039-07-15      | Floating      | 9.52%                 | Yes           |                  2 | On Loan: No      |
| John Deere Owner Trust                                       | John Deere Owner Trust, Series 2025-A, Class A2A                                             | CUSIP: 47800DAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     31309 | PA      | $31347.45     | 0.01%             | 2028-03-15      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| Virgin Media Finance plc                                     | Virgin Media Finance plc                                                                     | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |    175000 | PA      | $143597.25    | 0.06%             | 2030-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                                      | Quikrete Holdings, Inc., First Lien, Term Loan, B2                                           | CUSIP: 74839XAK5<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    249364 | PA      | $249434.94    | 0.11%             | 2029-03-19      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| Ryan Specialty LLC                                           | Ryan Specialty LLC, First Lien, Term Loan, B1                                                | CUSIP: 78350UAJ4<br>LEI: 549300K52N7QBO3PYY45 | Long             | LON              | CORP              | US        |    197995 | PA      | $197994.99    | 0.09%             | 2031-09-15      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| Gartner, Inc.                                                | Gartner, Inc.                                                                                | CUSIP: 366651AC1<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98347.20     | 0.04%             | 2028-07-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Chase Auto Owner Trust                                       | Chase Auto Owner Trust, Series 2025-2A, Class A2                                             | CUSIP: 16144MAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    240000 | PA      | $239829.84    | 0.10%             | 2028-12-26      | Fixed         | 3.91%                 | Yes           |                  2 | On Loan: No      |
| eBay, Inc.                                                   | eBay, Inc.                                                                                   | CUSIP: 278642BD4<br>LEI: OML71K8X303XQONU6T67 | Long             | DBT              | CORP              | US        |    350000 | PA      | $348224.86    | 0.15%             | 2029-03-06      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                          | GS Mortgage-Backed Securities Trust, Series 2025-PJ11, Class A27                             | CUSIP: 36273RBA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    191028 | PA      | $191712.84    | 0.08%             | 2056-05-25      | Floating      | 5.01%                 | Yes           |                  2 | On Loan: No      |
| Global Medical Response, Inc.                                | Global Medical Response, Inc., First Lien, Initial Term Loan                                 | CUSIP: 37956SAB0<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | LON              | CORP              | US        |     99919 | PA      | $99731.95     | 0.04%             | 2032-10-01      | Variable      | 7.17%                 | No            |                  2 | On Loan: No      |
| Pioneer AcquisitionCo LLC                                    | Pioneer AcquisitionCo LLC, First Lien, Initial Term Loan                                     | CUSIP: 72353SAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    200000 | PA      | $201209.00    | 0.09%             | 2032-10-27      | Variable      | 6.96%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners LP                                  | Cheniere Energy Partners LP                                                                  | CUSIP: 16411QAK7<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    375000 | PA      | $360187.69    | 0.16%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lowe's Cos., Inc.                                            | Lowe's Cos., Inc.                                                                            | CUSIP: 548661DX2<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    250000 | PA      | $235606.64    | 0.10%             | 2028-04-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| 720 East CLO Ltd.                                            | 720 East CLO Ltd., Series 2023-2A, Class D1R                                                 | CUSIP: 817941AU1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $494311.38    | 0.21%             | 2038-10-15      | Floating      | 6.42%                 | Yes           |                  2 | On Loan: No      |
| Elmwood CLO Ltd.                                             | Elmwood CLO Ltd., Series 2022-1A, Class A1R                                                  | CUSIP: 29003WAL9<br>LEI: 254900OL3XXZ9LCM4Q21 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1498035.91   | 0.65%             | 2038-10-20      | Floating      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| Post CLO Ltd.                                                | Post CLO Ltd., Series 2023-1A, Class A1R                                                     | CUSIP: 73743CAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $998699.96    | 0.43%             | 2038-10-20      | Floating      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| Dryden CLO Ltd.                                              | Dryden CLO Ltd., Series 2019-80A, Class DR                                                   | CUSIP: 26245JAW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    475000 | PA      | $461331.22    | 0.20%             | 2033-01-17      | Floating      | 6.77%                 | Yes           |                  2 | On Loan: No      |
| NGL Energy Operating LLC                                     | NGL Energy Operating LLC / NGL Energy Finance Corp.                                          | CUSIP: 62922LAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $463861.35    | 0.20%             | 2029-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Star Holding LLC                                             | Star Holding LLC                                                                             | CUSIP: 85513AAA6<br>LEI: 254900BDGPE9N1WAKD59 | Long             | DBT              | CORP              | US        |    550000 | PA      | $558681.75    | 0.24%             | 2031-08-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| J. M. Smucker Co. (The)                                      | J. M. Smucker Co. (The)                                                                      | CUSIP: 832696AS7<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |    180000 | PA      | $166056.78    | 0.07%             | 2030-03-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust                                       | John Deere Owner Trust, Series 2024-A, Class A3                                              | CUSIP: 47800RAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    473093 | PA      | $476004.90    | 0.21%             | 2028-11-15      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| United States of America                                     | U.S. Treasury Bills                                                                          | CUSIP: 912797TR8<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   1000000 | PA      | $995874.84    | 0.43%             | 2026-05-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Grinding Media, Inc.                                         | Grinding Media, Inc., First Lien, Term Loan, B                                               | CUSIP: 39854KAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     98750 | PA      | $98935.15     | 0.04%             | 2028-10-12      | Variable      | 7.17%                 | No            |                  2 | On Loan: No      |
| Ares CLO Ltd.                                                | Ares CLO Ltd., Series 2016-39A, Class DR3                                                    | CUSIP: 04015WBS2<br>LEI: 5493005YAOTYJUJV3S58 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $492596.18    | 0.21%             | 2037-07-18      | Floating      | 6.92%                 | Yes           |                  2 | On Loan: No      |
| Alpha Generation LLC                                         | Alpha Generation LLC                                                                         | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    575000 | PA      | $583833.55    | 0.25%             | 2032-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| HCA, Inc.                                                    | HCA, Inc.                                                                                    | CUSIP: 404119BU2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     89000 | PA      | $89009.77     | 0.04%             | 2027-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Riserva CLO Ltd.                                             | Riserva CLO Ltd., Series 2016-3A, Class DRR                                                  | CUSIP: 76761RBE8<br>LEI: 549300640C8OB2I8SN35 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $480921.34    | 0.21%             | 2034-01-18      | Floating      | 7.18%                 | Yes           |                  2 | On Loan: No      |
| Bryant Park Funding Ltd.                                     | Bryant Park Funding Ltd., Series 2023-21A, Class ER                                          | CUSIP: 11766BAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $486744.43    | 0.21%             | 2038-10-18      | Floating      | 8.92%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                     | U.S. Treasury Bills                                                                          | CUSIP: 912797SX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   3000000 | PA      | $2980760.19   | 1.29%             | 2026-06-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HAH Group Holding Co. LLC                                    | HAH Group Holding Co. LLC                                                                    | CUSIP: 40518JAA7<br>LEI: 254900FFJQHW9R90FL74 | Long             | DBT              | CORP              | US        |    250000 | PA      | $219238.60    | 0.10%             | 2031-10-01      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Ally Auto Receivables Trust                                  | Ally Auto Receivables Trust, Series 2025-1, Class A2                                         | CUSIP: 02008KAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    165000 | PA      | $164954.48    | 0.07%             | 2028-07-17      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| Lackawanna Energy Center LLC                                 | Lackawanna Energy Center LLC, First Lien, Term Loan, B                                       | CUSIP: 50550EAF5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    439237 | PA      | $440517.23    | 0.19%             | 2032-07-23      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| VMware LLC                                                   | VMware LLC                                                                                   | CUSIP: 928563AL9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    400000 | PA      | $351232.76    | 0.15%             | 2031-08-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Mitchell International, Inc.                                 | Mitchell International, Inc., Second Lien, Initial Term Loan                                 | CUSIP: 60662WAZ5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    200000 | PA      | $181188.00    | 0.08%             | 2032-06-07      | Variable      | 8.92%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust                        | GM Financial Automobile Leasing Trust, Series 2025-2, Class A2A                              | CUSIP: 362962AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     35063 | PA      | $35119.63     | 0.02%             | 2027-07-20      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Altium Packaging LLC                                         | Altium Packaging LLC, First Lien, 2024 Refinancing Term Loan                                 | CUSIP: 20902CAX8<br>LEI: 549300FG8OPBIML5F686 | Long             | LON              | CORP              | US        |    198987 | PA      | $192520.25    | 0.08%             | 2031-06-11      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy, Inc.                                        | Cheniere Energy, Inc.                                                                        | CUSIP: 16411RAK5<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |    375000 | PA      | $374128.57    | 0.16%             | 2028-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO Ltd.                      | Neuberger Berman Loan Advisers CLO Ltd., Series 2021-41A, Class DR                           | CUSIP: 64134BAQ3<br>LEI: 549300RYH1PYRU661D66 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $493549.34    | 0.21%             | 2034-04-15      | Floating      | 6.47%                 | Yes           |                  2 | On Loan: No      |
| Carlyle US CLO Ltd.                                          | Carlyle US CLO Ltd., Series 2021-9A, Class AR                                                | CUSIP: 14317KAQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3000120.00   | 1.30%             | 2034-10-20      | Floating      | 4.78%                 | Yes           |                  2 | On Loan: No      |
| Aretec Group, Inc.                                           | Aretec Group, Inc.                                                                           | CUSIP: 04020JAA4<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |    300000 | PA      | $319024.41    | 0.14%             | 2030-08-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Ensemble RCM LLC                                             | Ensemble RCM LLC, First Lien, Closing Date Term Loan                                         | CUSIP: 29359BAH4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    450000 | PA      | $445686.75    | 0.19%             | 2033-02-09      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| United States of America                                     | U.S. Treasury Bills                                                                          | CUSIP: 912797UB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   5000000 | PA      | $4958840.20   | 2.15%             | 2026-06-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences, Inc.                                        | Gilead Sciences, Inc.                                                                        | CUSIP: 375558BM4<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247485.26    | 0.11%             | 2027-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| 7-Eleven, Inc.                                               | 7-Eleven, Inc.                                                                               | CUSIP: 817826AD2<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |    165000 | PA      | $155707.79    | 0.07%             | 2028-02-10      | Fixed         | 1.30%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                     | U.S. Treasury Bills                                                                          | CUSIP: 912797QX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   1500000 | PA      | $1489374.26   | 0.65%             | 2026-06-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust                    | SFS Auto Receivables Securitization Trust, Series 2023-1A, Class A3                          | CUSIP: 78398AAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     55046 | PA      | $55294.66     | 0.02%             | 2028-10-20      | Fixed         | 5.47%                 | Yes           |                  2 | On Loan: No      |
| Golub Capital CLO Ltd.                                       | Golub Capital CLO 88 B Ltd., Series 2026-88A, Class E                                        | CUSIP: 38190NAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $980000.00    | 0.43%             | 2039-04-17      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Apidos CLO Ltd.                                              | Apidos CLO Ltd., Series 2025-54A, Class A1                                                   | CUSIP: 03771RAA9<br>LEI: 254900SXYQWBYZA9L226 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $998682.39    | 0.43%             | 2038-10-20      | Floating      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| MSCI, Inc.                                                   | MSCI, Inc.                                                                                   | CUSIP: 55354GAK6<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |    325000 | PA      | $307346.49    | 0.13%             | 2030-09-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Empower CLO Ltd.                                             | Empower CLO Ltd., Series 2023-1A, Class D1R                                                  | CUSIP: 29244CAQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $995844.99    | 0.43%             | 2038-04-25      | Floating      | 7.52%                 | Yes           |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                      | Dryden Senior Loan Fund, Series 2013-30A, Class DR                                           | CUSIP: 26249BAW1<br>LEI: 549300AS2O1RYPD2ED41 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501319.44    | 0.22%             | 2028-11-15      | Floating      | 6.51%                 | Yes           |                  2 | On Loan: No      |
| Highbridge Loan Management Ltd.                              | Highbridge Loan Management Ltd., Series 5A-2015, Class DR3                                   | CUSIP: 44331DAY5<br>LEI: 54930067MZ9NV8B3SZ80 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500082.10    | 0.22%             | 2030-10-15      | Floating      | 6.67%                 | Yes           |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                                      | Quikrete Holdings, Inc., First Lien, Term Loan, B3                                           | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |     99000 | PA      | $98938.13     | 0.04%             | 2032-02-10      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| NGPL PipeCo LLC                                              | NGPL PipeCo LLC                                                                              | CUSIP: 62912XAF1<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250560.09    | 0.11%             | 2027-08-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                              | TransDigm, Inc.                                                                              | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205058.60    | 0.09%             | 2030-12-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| 522 Funding CLO Ltd.                                         | 522 Funding CLO Ltd., Series 2020-6A, Class DR                                               | CUSIP: 33835AAQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $953037.55    | 0.41%             | 2034-10-23      | Floating      | 7.08%                 | Yes           |                  2 | On Loan: No      |
| Elmwood CLO Ltd.                                             | Elmwood CLO Ltd., Series 2021-3A, Class DR2                                                  | CUSIP: 29002VBC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $995412.14    | 0.43%             | 2038-07-20      | Floating      | 6.72%                 | Yes           |                  2 | On Loan: No      |
| New Mountain CLO Ltd.                                        | New Mountain CLO Ltd., Series CLO-9A, Class E                                                | CUSIP: 64755XAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $483999.00    | 0.21%             | 2039-04-22      | Floating      | 9.01%                 | Yes           |                  2 | On Loan: No      |
| SCIL USA Holdings LLC                                        | SCIL USA Holdings LLC, First Lien, Term Loan, B2                                             | CUSIP: 80881LAC3<br>LEI: 984500E0P46NA78BDF93 | Long             | LON              | CORP              | US        |    249375 | PA      | $248752.81    | 0.11%             | 2032-11-08      | Variable      | 7.79%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                                 | Acrisure LLC, First Lien, Term Loan, B6                                                      | CUSIP: 00488PAV7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |    199495 | PA      | $193659.72    | 0.08%             | 2030-11-06      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| Axalta Coating Systems LLC                                   | Axalta Coating Systems LLC                                                                   | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |    625000 | PA      | $591810.24    | 0.26%             | 2029-02-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Empower CLO Ltd.                                             | Empower CLO Ltd., Series 2023-1A, Class ER                                                   | CUSIP: 29244NAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $239039.60    | 0.10%             | 2038-04-25      | Floating      | 11.01%                | Yes           |                  2 | On Loan: No      |
| United Rentals North America, Inc.                           | United Rentals North America, Inc.                                                           | CUSIP: 911365BS2<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    500000 | PA      | $486714.80    | 0.21%             | 2033-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Empower CLO Ltd.                                             | Empower CLO Ltd., Series 2023-3A, Class ER                                                   | CUSIP: 29247NAE1<br>LEI: 213800DM8ZNUIQ1JCN40 | Long             | ABS-CBDO         | CORP              | JE        |    750000 | PA      | $723111.48    | 0.31%             | 2039-01-20      | Floating      | 9.32%                 | Yes           |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC                                   | MMAF Equipment Finance LLC, Series 2024-A, Class A3                                          | CUSIP: 55318CAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    625000 | PA      | $631350.06    | 0.27%             | 2031-07-14      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO Ltd.                                                | Voya CLO Ltd., Series 2017-3A, Class CRR                                                     | CUSIP: 92915QBN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1247617.16   | 0.54%             | 2034-04-20      | Floating      | 6.77%                 | Yes           |                  2 | On Loan: No      |
| Virtusa Corp.                                                | Virtusa Corp.                                                                                | CUSIP: 92837TAA0<br>LEI: C77OMXDER63WLJCSKT03 | Long             | DBT              | CORP              | US        |    175000 | PA      | $134960.86    | 0.06%             | 2028-12-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Keurig Dr. Pepper, Inc.                                      | Keurig Dr. Pepper, Inc.                                                                      | CUSIP: 49271VAP5<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    470000 | PA      | $460549.87    | 0.20%             | 2029-04-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                                      | Flagstar Mortgage Trust, Series 2021-2, Class A6                                             | CUSIP: 33852EAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    203238 | PA      | $182767.80    | 0.08%             | 2051-04-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| ON Semiconductor Corp.                                       | ON Semiconductor Corp.                                                                       | CUSIP: 682189AQ8<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |    561000 | PA      | $541661.26    | 0.24%             | 2028-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Churchill Downs, Inc.                                        | Churchill Downs, Inc.                                                                        | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    500000 | PA      | $494728.80    | 0.21%             | 2030-04-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Nexstar Media, Inc.                                          | Nexstar Media, Inc., First Lien, Term Loan, B7                                               | CUSIP: 65336RBF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    450000 | PA      | $445500.00    | 0.19%             | 2033-03-18      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd.                                            | CIFC Funding Ltd., Series 2018-1A, Class A1R                                                 | CUSIP: 17181NAC8<br>LEI: 635400VBVF8AYJQBI411 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500127.34    | 0.22%             | 2038-01-18      | Floating      | 4.99%                 | Yes           |                  2 | On Loan: No      |
| GFL Environmental, Inc.                                      | GFL Environmental, Inc.                                                                      | CUSIP: 36168QAQ7<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $310823.21    | 0.13%             | 2031-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Spirit AeroSystems, Inc.                                     | Spirit AeroSystems, Inc.                                                                     | CUSIP: 85205TAK6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250245.75    | 0.11%             | 2028-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Penn Entertainment, Inc.                                     | Penn Entertainment, Inc.                                                                     | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $397707.95    | 0.17%             | 2029-07-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Oaktree CLO Ltd.                                             | Oaktree CLO Ltd., Series 2022-1A, Class DR                                                   | CUSIP: 67402LAW6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $992256.10    | 0.43%             | 2038-07-15      | Floating      | 6.77%                 | Yes           |                  2 | On Loan: No      |
| Sazerac Co., Inc.                                            | Sazerac Co., Inc., First Lien, Term Loan, B2                                                 | CUSIP: 80583EAP1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    300000 | PA      | $300187.50    | 0.13%             | 2032-07-09      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners Static Ltd.                           | Golub Capital Partners Static Ltd., Series 2024-1A, Class AR                                 | CUSIP: 381929AN8<br>LEI: 25490083RWI1EQQYLH43 | Long             | ABS-CBDO         | CORP              | KY        |   1610305 | PA      | $1611849.42   | 0.70%             | 2035-07-20      | Floating      | 4.79%                 | Yes           |                  2 | On Loan: No      |
| PMT Loan Trust                                               | PMT Loan Trust, Series 2026-INV4, Class A38                                                  | CUSIP: 69383UBP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $798119.36    | 0.35%             | 2057-03-25      | Floating      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| Crown Subsea Communications Holding, Inc.                    | Crown Subsea Communications Holding, Inc., First Lien, 2026 Term Loan                        | CUSIP: 22860EAL6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    300000 | PA      | $301312.50    | 0.13%             | 2031-01-30      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                                 | American Honda Finance Corp.                                                                 | CUSIP: 02665WFV8<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    295000 | PA      | $295000.12    | 0.13%             | 2026-05-21      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| United States of America                                     | U.S. Treasury Notes                                                                          | CUSIP: 91282CGH8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4475000 | PA      | $4449828.13   | 1.93%             | 2028-01-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                                    | OBX Trust, Series 2026-J1, Class AF                                                          | CUSIP: 67123TAU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    496745 | PA      | $495702.76    | 0.22%             | 2056-02-25      | Floating      | 5.01%                 | Yes           |                  2 | On Loan: No      |
| Simon Property Group LP                                      | Simon Property Group LP                                                                      | CUSIP: 828807CY1<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |    275000 | PA      | $273822.00    | 0.12%             | 2026-11-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Match Group Holdings II LLC                                  | Match Group Holdings II LLC                                                                  | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    150000 | PA      | $146739.87    | 0.06%             | 2028-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Shackleton CLO Ltd.                                          | Shackleton CLO Ltd., Series 2019-14A, Class ERR                                              | CUSIP: 81880YAJ9<br>LEI: 549300HOHPZON6E4VH77 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $463813.99    | 0.20%             | 2034-07-20      | Floating      | 9.57%                 | Yes           |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Palmer Square Funds Trust

**Signature:** /s/ Jeffrey D. Fox

**Name of Signer:** Jeffrey D. Fox

**Title:** Principal Executive Officer